Document:

Exhibit 4.1

  

   
    

      FRONTIER COMMUNICATIONS CORPORATION

     

    

    (as Issuer)

      

      WILMINGTON TRUST, NATIONAL ASSOCIATION,

      (as Trustee)

    

    

    AND

    

    

    JPMORGAN CHASE BANK, N.A.

    (as Collateral Agent)

      

      5.875% First Lien Secured Notes due 2027

    
      

      

      
        

      

      

    

    INDENTURE

      

      Dated as of October 8, 2020

     

    
      

     

    

    
      
        

    

    Table of Contents

     

    

    	 	
            Page

          
	
            ARTICLE I -

          
	 
	
            DEFINITIONS AND INCORPORATION BY REFERENCE

          	
            1

          
	
            SECTION 1.1.

          	
            Definitions

          	
            1

          
	
            SECTION 1.2.

          	
            Other Definitions

          	
            55

          
	
            SECTION 1.3.

          	
            Rules of Construction

          	
            59

          
	 	 	 
	
            ARTICLE II

             

            

            THE NOTES

          
	 
	
            SECTION 2.1.

          	
            Form, Dating and Terms

          	
            62

          
	
            SECTION 2.2.

          	
            Execution and Authentication

          	
            67

          
	
            SECTION 2.3.

          	
            Registrar and Paying Agent

          	
            68

          
	
            SECTION 2.4.

          	
            Paying Agent to Hold Money in Trust

          	
            68

          
	
            SECTION 2.5.

          	
            Holder Lists

          	
            68

          
	
            SECTION 2.6.

          	
            Transfer and Exchange

          	
            69

          
	
            SECTION 2.7.

          	
            [Reserved]

          	
            71

          
	
            SECTION 2.8.

          	
            Form of Certificate to be Delivered in Connection with Transfers to IAIs

          	
            71

          
	
            SECTION 2.9.

          	
            Form of Certificate to be Delivered in Connection with Transfers Pursuant to Regulation S

          	
            73

          
	
            SECTION 2.10.

          	
            Form of Certificate to be Delivered in Connection with Transfers to AIs

          	
            74

          
	
            SECTION 2.11.

          	
            Mutilated, Destroyed, Lost or Stolen Notes

          	
            75

          
	
            SECTION 2.12.

          	
            Outstanding Notes

          	
            76

          
	
            SECTION 2.13.

          	
            Temporary Notes

          	
            76

          
	
            SECTION 2.14.

          	
            Cancellation

          	
            77

          
	
            SECTION 2.15.

          	
            Payment of Interest; Defaulted Interest

          	
            77

          
	
            SECTION 2.16.

          	
            CUSIP and ISIN Numbers

          	
            78

          
	 	 	 
	
            ARTICLE III

             

            

            COVENANTS

          
	 
	
            SECTION 3.1.

          	
            Payment of Notes

          	
            78

          
	
            SECTION 3.2.

          	
            Limitation on Indebtedness

          	
            78

          
	
            SECTION 3.3.

          	
            Limitation on Restricted Payments

          	
            84

          
	
            SECTION 3.4.

          	
            Limitation on Restrictions on Distributions from Restricted Subsidiaries

          	
            91

          
	
            SECTION 3.5.

          	
            Limitation on Sales of Assets and Subsidiary Stock

          	
            93

          
	
            SECTION 3.6.

          	
            Limitation on Liens

          	
            98

          
	
            SECTION 3.7.

          	
            Limitation on Guarantees

          	
            98

          
	
            SECTION 3.8.

          	
            Limitation on Affiliate Transactions

          	
            99

          
	
            SECTION 3.9.

          	
            Change of Control

          	
            102

          
	
            SECTION 3.10.

          	
            Reports

          	
            104

          
	
            SECTION 3.11.

          	
            Maintenance of Office or Agency

          	
            107

          
	
            SECTION 3.12.

          	
            After-Acquired Collateral.

          	
            107

          
	
            SECTION 3.13.

          	
            Compliance Certificate

          	
            108

          
	
            SECTION 3.14.

          	
            Further Instruments and Acts

          	
            108

          
	
            SECTION 3.15.

          	
            [Reserved].

          	
            108

          
	
            SECTION 3.16.

          	
            Statement by Officers as to Default

          	
            108

          
	
            SECTION 3.17.

          	
            Designation of Restricted and Unrestricted Subsidiaries

          	
            108

          
	
            SECTION 3.18.

          	
            Suspension of Certain Covenants on Achievement of Investment Grade Status

          	
            109

          

    

    

    
      
        

    

    
    	
            ARTICLE IV

             

            

            SUCCESSOR COMPANY; SUCCESSOR PERSON

          
	 
	
            SECTION 4.1.

          	
            Merger and Consolidation

          	
            109

          
	 	 	 
	
            ARTICLE V

             

            

            REDEMPTION OF SECURITIES

          
	 
	
            SECTION 5.1.

          	
            Notices to Trustee

          	
            112

          
	
            SECTION 5.2.

          	
            Selection of Notes to Be Redeemed or Purchased

          	
            112

          
	
            SECTION 5.3.

          	
            Notice of Redemption

          	
            112

          
	
            SECTION 5.4.

          	
            [Reserved]

          	
            113

          
	
            SECTION 5.5.

          	
            Deposit of Redemption or Purchase Price

          	
            113

          
	
            SECTION 5.6.

          	
            Notes Redeemed or Purchased in Part

          	
            114

          
	
            SECTION 5.7.

          	
            Optional Redemption

          	
            114

          
	
            SECTION 5.8.

          	
            Mandatory Redemption

          	
            115

          
	
            SECTION 5.9.

          	
            Special Mandatory Redemption.

          	
            115

          
	 	 	 
	
            ARTICLE VI

             

            

            DEFAULTS AND REMEDIES

          
	 
	
            SECTION 6.1.

          	
            Events of Default

          	
            116

          
	
            SECTION 6.2.

          	
            Acceleration

          	
            118

          
	
            SECTION 6.3.

          	
            Other Remedies

          	
            120

          
	
            SECTION 6.4.

          	
            Waiver of Past Defaults

          	
            120

          
	
            SECTION 6.5.

          	
            Control by Majority

          	
            120

          
	
            SECTION 6.6.

          	
            Limitation on Suits

          	
            121

          
	
            SECTION 6.7.

          	
            Rights of Holders to Receive Payment

          	
            121

          
	
            SECTION 6.8.

          	
            Collection Suit by Trustee

          	
            121

          
	
            SECTION 6.9.

          	
            Trustee May File Proofs of Claim

          	
            121

          
	
            SECTION 6.10.

          	
            Priorities

          	
            122

          
	
            SECTION 6.11.

          	
            Undertaking for Costs

          	
            122

          
	 	 	 
	
            ARTICLE VII

             

            

            TRUSTEE

          
	 
	
            SECTION 7.1.

          	
            Duties of Trustee

          	
            122

          
	
            SECTION 7.2.

          	
            Rights of Trustee

          	
            123

          
	
            SECTION 7.3.

          	
            Individual Rights of Trustee

          	
            125

          
	
            SECTION 7.4.

          	
            Trustee’s Disclaimer

          	
            125

          
	
            SECTION 7.5.

          	
            Notice of Defaults

          	
            125

          
	
            SECTION 7.6.

          	
            [Reserved]

          	
            125

          
	
            SECTION 7.7.

          	
            Compensation and Indemnity

          	
            125

          
	
            SECTION 7.8.

          	
            Replacement of Trustee

          	
            126

          
	
            SECTION 7.9.

          	
            Successor Trustee by Merger

          	
            127

          
	
            SECTION 7.10.

          	
            Eligibility; Disqualification

          	
            127

          
	
            SECTION 7.11.

          	
            [Reserved]

          	
            127

          
	
            SECTION 7.12.

          	
            Trustee’s Application for Instruction from the Issuer

          	
            127

          
	
            SECTION 7.13.

          	
            Security Documents; Intercreditor Agreements

          	
            127

          
	
            SECTION 7.14.

          	
            Limitation on Duty of Trustee in Respect of Collateral; Indemnification

          	
            128

          

    

    

    
      -ii-

      
        

    

    	
            ARTICLE VIII

             

            

            LEGAL DEFEASANCE AND COVENANT DEFEASANCE

          
	 
	
            SECTION 8.1.

          	
            Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance

          	
            129

          
	
            SECTION 8.2.

          	
            Legal Defeasance and Discharge

          	
            129

          
	
            SECTION 8.3.

          	
            Covenant Defeasance

          	
            129

          
	
            SECTION 8.4.

          	
            Conditions to Legal or Covenant Defeasance

          	
            130

          
	
            SECTION 8.5.

          	
            Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions

          	
            131

          
	
            SECTION 8.6.

          	
            Repayment to the Issuer

          	
            131

          
	
            SECTION 8.7.

          	
            Reinstatement

          	
            132

          
	 	 	 
	
            ARTICLE IX

             

            

            AMENDMENTS

          
	 
	
            SECTION 9.1.

          	
            Without Consent of Holders

          	
            132

          
	
            SECTION 9.2.

          	
            With Consent of Holders

          	
            133

          
	
            SECTION 9.3.

          	
            [Reserved]

          	
            135

          
	
            SECTION 9.4.

          	
            Revocation and Effect of Consents and Waivers

          	
            135

          
	
            SECTION 9.5.

          	
            Notation on or Exchange of Notes

          	
            135

          
	
            SECTION 9.6.

          	
            Trustee to Sign Amendments

          	
            135

          
	
            ARTICLE X

             

            

            GUARANTEE

          
	 
	
            SECTION 10.1.

          	
            Guarantee

          	
            136

          
	
            SECTION 10.2.

          	
            Limitation on Liability; Termination, Release and Discharge

          	
            137

          
	
            SECTION 10.3.

          	
            Right of Contribution

          	
            138

          
	
            SECTION 10.4.

          	
            No Subrogation

          	
            138

          
	 	 	 
	
            ARTICLE XI

             

            

            SATISFACTION AND DISCHARGE

          
	 
	
            SECTION 11.1.

          	
            Satisfaction and Discharge

          	
            138

          
	
            SECTION 11.2.

          	
            Application of Trust Money

          	
            139

          
	 	 	 
	
            ARTICLE XII

             

            

            COLLATERAL

          
	 	 
	
            SECTION 12.1.

          	
            Security Documents

          	
            140

          
	
            SECTION 12.2.

          	
            Release of Collateral

          	
            141

          
	
            SECTION 12.3.

          	
            Suits to Protect the Collateral

          	
            142

          
	
            SECTION 12.4.

          	
            Authorization of Receipt of Funds by the Trustee Under the Security Documents

          	
            143

          
	
            SECTION 12.5.

          	
            Purchaser Protected

          	
            143

          
	
            SECTION 12.6.

          	
            Powers Exercisable by Receiver or Trustee

          	
            143

          
	
            SECTION 12.7.

          	
            Collateral Agent

          	
            143

          

    

    

    
      -iii-

      
        

    

    	
            ARTICLE XIII

             

            

            SUCCESSOR ISSUER

          
	 
	
            SECTION 13.1.

          	
            Officer’s Certificate

          	
            149

          
	
            SECTION 13.2.

          	
            Assumption by New Frontier Issuer

          	
            149

          
	
            SECTION 13.3.

          	
            Entry into the Exit Security Documents by the Trustee.

          	
            149

          
	 	 	 
	
            ARTICLE XIV

             

            

            MISCELLANEOUS

          
	 
	
            SECTION 14.1.

          	
            Notices

          	
            149

          
	
            SECTION 14.2.

          	
            Certificate and Opinion as to Conditions Precedent

          	
            151

          
	
            SECTION 14.3.

          	
            Statements Required in Certificate or Opinion

          	
            151

          
	
            SECTION 14.4.

          	
            When Notes Disregarded

          	
            151

          
	
            SECTION 14.5.

          	
            Rules by Trustee, Paying Agent and Registrar

          	
            151

          
	
            SECTION 14.6.

          	
            Legal Holidays

          	
            151

          
	
            SECTION 14.7.

          	
            Governing Law

          	
            152

          
	
            SECTION 14.8.

          	
            Jurisdiction

          	
            152

          
	
            SECTION 14.9.

          	
            Waivers of Jury Trial

          	
            152

          
	
            SECTION 14.10.

          	
            USA PATRIOT Act

          	
            152

          
	
            SECTION 14.11.

          	
            No Recourse Against Others

          	
            152

          
	
            SECTION 14.12.

          	
            Successors

          	
            152

          
	
            SECTION 14.13.

          	
            Multiple Originals

          	
            153

          
	
            SECTION 14.14.

          	
            Table of Contents; Headings

          	
            153

          
	
            SECTION 14.15.

          	
            Force Majeure

          	
            153

          
	
            SECTION 14.16.

          	
            Severability

          	
            153

          
	
            SECTION 14.17.

          	
            [Reserved]

          	
            153

          
	
            SECTION 14.18.

          	
            Waiver of Immunities

          	
            153

          
	
            SECTION 14.19.

          	
            Judgment Currency

          	
            153

          
	
            SECTION 14.20.

          	
            Intercreditor Agreements

          	
            154

          

    

    

    	
            EXHIBIT A

          	
            Form of Global Restricted Note

          
	
            EXHIBIT B

          	
            Form of Supplemental Indenture to Add Guarantors

          
	
            EXHIBIT C

          	
            Form of Supplemental Indenture to be Delivered by New Frontier Issuer on the Conversion Date if  the Corporate Reorganization is undertaken

          
	
            EXHIBIT D

          	
            Form of Special Mandatory Redemption Notice

          

    

    

    
      -iv-

      
        

    

    INDENTURE dated as of October 8, 2020, by and among FRONTIER COMMUNICATIONS CORPORATION (“Frontier” or the “Issuer”), a debtor and debtor-in-possession in a case pending under chapter 11 of the Bankruptcy
      Code, the Other Obligors, each a debtor and debtor-in-possession in a case pending under chapter 11 of the Bankruptcy Code (collectively, the “Bankruptcy Cases”), the Guarantors party hereto from time to time, WILMINGTON TRUST, NATIONAL
      ASSOCIATION, a national banking association, as trustee ( the “Trustee”) and JPMORGAN CHASE BANK, N.A., as notes collateral agent (the “Collateral Agent”).

     

    W I T N E S S E T H

     

    WHEREAS, on April 14, 2020, (the “Petition Date”), the Issuer, and certain of its domestic Subsidiaries filed voluntary petitions for relief under Chapter 11 in the United States Bankruptcy Court for the Southern
      District of New York (such court, together with any other court having exclusive jurisdiction over any Bankruptcy Case from time to time and any Federal appellate court thereof, the “Bankruptcy Court”) and have continued in the possession and
      operation of their assets and in the management of their businesses pursuant to Section 1107 and 1108 of the Bankruptcy Code;

     

    WHEREAS, the Issuer has duly authorized the execution and delivery of this Indenture to provide for the issuance of (i) its 5.875% First Lien Secured Notes due 2027 issued on the date hereof (the “Initial Notes”)
      and (ii) any additional Notes (“Additional Notes” and, together with the Initial Notes, the “Notes”) that may be issued after the Issue Date in accordance with Sections 3.2 and 3.6;

     

    WHEREAS, all things necessary (i) to make the Notes, when executed and duly issued by the Issuer and authenticated and delivered hereunder, the valid obligations of the Issuer, and (ii) to make this Indenture a valid
      agreement of the Issuer has been done;

     

    WHEREAS, on the Conversion Date, the Issuer expects to undertake the Corporate Reorganization as a result of which a newly formed entity (“New Frontier Issuer”), a wholly-owned, indirect Subsidiary of Reorganized
      Frontier, will assume the Obligations under the Notes offered hereby and the Indenture. Upon consummation of the Corporate Reorganization, New Frontier Issuer will hold, directly or indirectly, substantially all of the assets and operations of
      Frontier immediately prior to the Corporate Reorganization (provided that, for the avoidance of doubt, if the Issuer undertakes the Staggered Emergence, the Designated Entities shall not be held by New
      Frontier Issuer as of the Conversion Date);

     

    WHEREAS, prior to the Conversion Date, the obligations of the Issuer under the Notes and the Indenture will be, jointly and severally, unconditionally guaranteed on a senior basis (the “DIP Note Guarantees”) by
      each existing and future Wholly Owned Domestic Subsidiary that is a Restricted Subsidiary of the Issuer that Guarantees the Issuer’s obligations under the New DIP Facilities. From the Conversion Date, the obligations of the Issuer under the Notes and
      the Indenture will be, jointly and severally, unconditionally guaranteed on a senior basis (the “Exit Note Guarantees” and, together with the DIP Note Guarantees, the “Note Guarantees”) by each existing and future Wholly Owned Domestic
      Restricted Subsidiary of the Issuer that Guarantees the Issuer’s obligations under the New Exit Facilities, in each case that executes a supplemental indenture in the form attached hereto as Exhibit B or Exhibit C, as applicable; and

     

    NOW, THEREFORE, in consideration of the premises and the purchase of the Notes by the Holders thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders, as follows:

     

    ARTICLE I

    

     

    DEFINITIONS AND INCORPORATION BY REFERENCE

     

    SECTION 1.1.      
        Definitions. 

     

     “Acceptable Reorganization Plan” means a Reorganization Plan for all Debtors that provides for the payment in full (other than contingent indemnification obligations not yet due and payable) of the obligations
      under the Prepetition Revolving Credit Facility in cash (and the cash collateralization, other backstop of, or other arrangement with respect to outstanding letters of credit issued thereunder or in a manner otherwise satisfactory to each applicable
      issuing bank) to the extent such payment has not occurred prior to the consummation date and the termination of the commitments under the Prepetition Revolving Credit Facility.

     

    
      
        

    

    
    “Acquired Indebtedness” means with respect to any Person (x) Indebtedness of any other Person or any of its Subsidiaries existing at the time such other Person becomes a Restricted Subsidiary or merges or
      amalgamates with or into or consolidates or otherwise combines with the Issuer or any Restricted Subsidiary and (y) Indebtedness secured by a Lien encumbering any asset acquired by such Person. Acquired Indebtedness shall be deemed to have been
      incurred, with respect to clause (x) of the preceding sentence, on the date such Person becomes a Restricted Subsidiary or on the date of the relevant merger, amalgamation, consolidation, acquisition or other combination.

     

    “Additional Assets” means:

     

    (1)          any property or assets (other than Capital Stock) used or to be used by the Issuer, a Restricted Subsidiary or otherwise useful in a Similar Business (it being understood that capital
      expenditures on property or assets already used in a Similar Business or to replace any property or assets that are the subject of such Asset Disposition shall be deemed an investment in Additional Assets);

     

    (2)          the Capital Stock of a Person that is engaged in a Similar Business and becomes a Restricted Subsidiary as a result of the acquisition of such Capital Stock by the Issuer or a Restricted
      Subsidiary; or

     

    (3)          Capital Stock constituting a minority interest in any Person that at such time is a Restricted Subsidiary.

     

    “Additional First Lien Obligations” means any Indebtedness having Pari Passu Lien Priority relative to the Notes with respect to the Collateral; provided, that an
      authorized representative of the holders of such Indebtedness shall have executed a joinder to the DIP Security Documents or the Exit Security Documents, as applicable, without the need for any other party to execute such joinder for such authorized
      representative to become party to the DIP Security Documents or the Exit Security Documents, as applicable.

     

    “Additional First Lien Secured Parties” means the holders of any Additional First Lien Obligations and any trustee, authorized representative or agent of such Additional First Lien Obligations.

     

    “Additional Notes” has the meaning ascribed to it in the recitals of this Indenture.

     

    “Affiliate” of any specified Person means any other Person, directly or indirectly, controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this
      definition, “control” when used with respect to any Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms
      “controlling” and “controlled” have meanings correlative to the foregoing.

     

    “AHYDO Payment” means any payment required to be made under the terms of Indebtedness in order to avoid the application of Section 163(e)(5) of the Internal Revenue Code to such Indebtedness.

     

    “AI” means an “accredited investor” as described in Rule 501(a)(4) under the Securities Act.

     

    “Alternative Currency” means any currency (other than Dollars) that is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars (as determined in good
      faith by the Issuer).

     

     “Applicable Agent” means, in each case acting at the direction of the Applicable Required Lenders, (x) prior to the Conversion Date, the Revolver Agent and (y) on or after the Conversion Date, (i) so long as the
      Prepetition Term Facility exists, the Prepetition Term Agent or the Revolver Agent or (ii) otherwise, the DIP to Exit Term Agent and/or the Revolver Agent.

     

    “Applicable Credit Agreement” means (x) prior to the Conversion Date, the DIP Revolver Credit Agreement and (y) on or after the Conversion Date, the Exit Restated Credit Agreement (or to the extent the Exit
      Restated Credit Agreement is not then in effect, the DIP to Exit Term Credit Agreement).

     

    
      -2-

      
        

    

    “Applicable Required Lenders” means the lenders holding a majority (or other applicable requisite percentage as set forth in the Applicable Credit Agreement) of the commitments and credit exposure under the
      Applicable Credit Agreement.

     

    “Applicable Secured Obligations” means “Secured Obligations” (as defined in the Applicable Credit Agreement).

     

    “Applicable Secured Representative” as of any date is: until the earlier of (x) the Discharge of the Senior Secured Credit Facility Obligations and (y) the Non-Applicable Secured Representative Enforcement Date,
      the Applicable Agent and (ii) from and after the earlier of (x) the Discharge of the Senior Secured Credit Facility Obligations and (y) the Non-Applicable Secured Representative Enforcement Date, the Major Non-Applicable Secured Representative.

     

    “Applicable Premium” means the greater of (A) 1.0% of the principal amount of such Note and (B) on any Redemption Date, the excess (to the extent positive) of:

     

    (a)          the present value at such Redemption Date of (i) the redemption price of such Note at October 15, 2023 (such redemption price (expressed in percentage of principal amount) being set forth
      in the table under Section 5.7(d) (excluding accrued but unpaid interest, if any)), plus (ii) all required interest payments due on such Note to and including such date set forth in clause (i) (excluding accrued but unpaid interest, if any),
      computed upon the Redemption Date using a discount rate equal to the Applicable Treasury Rate at such Redemption Date plus 50 basis points; over

     

    (b)          the outstanding principal amount of such Note;

     

    in each case, as calculated by the Issuer or on behalf of the Issuer by such Person as the Issuer shall designate. The Trustee shall have no duty to calculate or verify the calculations of the Applicable Premium.

     

    “Applicable Treasury Rate” means the weekly average for each Business Day during the most recent week that has ended at least two (2) Business Days prior to the Redemption Date of the yield to maturity at the time
      of computation of United States Treasury securities with a constant maturity (as compiled and published in the Federal Reserve Statistical Release H.15 (or, if such statistical release is not so published or available, any publicly available source
      of similar market data selected by the Issuer in good faith)) most nearly equal to the period from the Redemption Date to October 15, 2023; provided, however, that if the period from the Redemption Date to October 15, 2023 is not equal to the
      constant maturity of a United States Treasury security for which a yield is given, the Applicable Treasury Rate shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the yields of United States Treasury
      securities for which such yields are given, except that if the period from the Redemption Date to such applicable date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant
      maturity of one year shall be used.

     

    “Asset Disposition” means:

     

    (a)          the voluntary sale, conveyance, transfer or other disposition, whether in a single transaction or a series of related transactions, of property or assets (including by way of a Sale and
      Leaseback Transaction) of the Issuer or any of its Restricted Subsidiaries (in each case other than Capital Stock of the Issuer) (each referred to in this definition as a “disposition”); or

     

    (b)          the issuance or sale of Capital Stock of any Restricted Subsidiary (other than Preferred Stock or Disqualified Stock of Restricted Subsidiaries issued in compliance with Section 3.2
      hereof or directors’ qualifying shares and shares issued to foreign nationals as required under applicable law), whether in a single transaction or a series of related transactions;

     

    in each case, other than:

     

    (1)          a disposition by the Issuer or a Restricted Subsidiary to the Issuer or a Restricted Subsidiary, including pursuant to any Intercompany License Agreement;

     

    (2)          a disposition of cash, Cash Equivalents or Investment Grade Securities, including any marketable securities portfolio owned by the Issuer and its Subsidiaries on the Issue Date;

     

    
      -3-

      
        

    

    (3)          a disposition of inventory, goods or other assets (including Settlement Assets) in the ordinary course of business or consistent with past practice or held for sale or no longer used in
      the ordinary course of business, including any disposition of disposed, abandoned or discontinued operations;

     

    (4)          a disposition of obsolete, worn-out, uneconomic, damaged, non-core or surplus property, equipment or other assets or property, equipment or other assets that are no longer economically
      practical or commercially desirable to maintain or used or useful in the business of the Issuer and its Restricted Subsidiaries whether now or hereafter owned or leased or acquired in connection with an acquisition or used or useful in the conduct of
      the business of the Issuer and its Restricted Subsidiaries (including by ceasing to enforce, allowing the lapse, abandonment or invalidation of or discontinuing the use or maintenance of or putting into the public domain any intellectual property
      that is, in the reasonable judgment of the Issuer or the Restricted Subsidiaries, no longer used or useful, or economically practicable to maintain, or in respect of which the Issuer or any Restricted Subsidiary determines in its reasonable judgment
      that such action or inaction is desirable);

     

    (5)          transactions permitted under Section 4.1 hereof or a transaction that constitutes a Change of Control;

     

    (6)          an issuance of Capital Stock by a Restricted Subsidiary to the Issuer or to another Restricted Subsidiary or as part of or pursuant to an equity incentive or compensation plan approved by
      the Board of Directors of the Issuer;

     

    (7)          any dispositions of Capital Stock, properties or assets in a single transaction or series of related transactions with a fair market value (as determined in good faith by the Issuer) of
      less than (x) prior to the Conversion Date, $100.0 million and (y) after the Conversion Date, the greater of $100.0 million and 3.5% of LTM EBITDA;

     

    (8)          any Restricted Payment that is permitted to be made, and is made, under Section 3.3 and the making of any Permitted Payment or Permitted Investment or, solely for purposes of Section

        3.5(a)(3), asset sales, in each case in a transaction permitted under the Security Documents, the proceeds of which are used to make such Restricted Payments or Permitted Investments;

     

    (9)          dispositions in connection with Permitted Liens, the Staggered Emergence or Permitted Tax Restructuring;

     

    (10)        dispositions of receivables in connection with the compromise, settlement or collection thereof in the ordinary course of business or consistent with past practice or in bankruptcy or
      similar proceedings and exclusive of factoring or similar arrangements;

     

    (11)        conveyances, sales, transfers, licenses, sublicenses, cross-licenses or other dispositions of intellectual property, software or other general intangibles and licenses, sublicenses,
      cross-licenses leases or subleases of other property, in each case, in the ordinary course of business or consistent with past practice or pursuant to a research or development agreement in which the counterparty to such agreement receives a license
      in the intellectual property or software that result from such agreement;

     

    (12)        the lease, assignment, license, sublease or sublicense of any real or personal property in the ordinary course of business or consistent with industry practice;

     

    (13)        foreclosure, condemnation, expropriation, forced disposition or any similar action with respect to any property or other assets or the granting of Liens not prohibited by this Indenture;

     

    (14)        the sale, discount or other disposition (with or without recourse, and on customary or commercially reasonable terms and for credit management purposes) of inventory, accounts receivable or
      notes receivable in the ordinary course of business or consistent with past practice, or the conversion or exchange of accounts receivable for notes receivable;

     

    (15)        any issuance or sale of Capital Stock in, or Indebtedness or other securities of, an Unrestricted Subsidiary or any other disposition of Capital Stock, Indebtedness or other securities of
      an Unrestricted Subsidiary or an Immaterial Subsidiary (other than, in each case, any Unrestricted Subsidiary, the primary assets of which are cash or Cash Equivalents);

     

    
      -4-

      
        

    

    (16)        any disposition of Capital Stock of a Restricted Subsidiary pursuant to an agreement or other obligation with or to a Person (other than the Issuer or a Restricted Subsidiary) from whom
      such Restricted Subsidiary was acquired, or from whom such Restricted Subsidiary acquired its business and assets (having been newly formed in connection with such acquisition), made as part of such acquisition and in each case comprising all or a
      portion of the consideration in respect of such sale or acquisition;

     

    (17)        (i) dispositions of property to the extent that such property is exchanged for credit against the purchase price of similar replacement property that is promptly purchased, (ii)
      dispositions of property to the extent that the proceeds of such disposition are promptly applied to the purchase price of such replacement property (which replacement property is actually promptly purchased) and (iii) to the extent allowable under
      Section 1031 of the Internal Revenue Code or comparable law or regulation, any exchange of like property (excluding any boot thereon) for use in a Similar Business;

     

    (18)        any disposition of Securitization Assets or Receivables Assets, or participations therein, in connection with any Qualified Securitization Financing or Receivables Facility permitted under
      this Indenture, or the disposition of an account receivable in connection with the collection or compromise thereof in the ordinary course of business or consistent with past practice;

     

    (19)        any financing transaction with respect to property constructed, acquired, leased, renewed, relocated, expanded, replaced, repaired, maintained, upgraded or improved (including any
      reconstruction, refurbishment, renovation and/or development of real property) by the Issuer or any Restricted Subsidiary after the Issue Date, including Sale and Leaseback Transactions and asset securitizations, permitted by this Indenture;

     

    (20)        sales, transfers or other dispositions of Investments in joint ventures or similar entities to the extent required by, or made pursuant to customary buy/sell arrangements between, the
      parties set forth in joint venture arrangements and similar binding arrangements;

     

    (21)        any surrender or waiver of contractual rights or the settlement, release, surrender or waiver of contractual, tort, litigation or other claims of any kind;

     

    (22)        the unwinding of any Cash Management Obligations or Hedging Obligations;

     

    (23)        transfers of property or assets subject to Casualty Events upon receipt of the net proceeds of such Casualty Event; provided that any Cash
      Equivalents received by the Issuer or any of its Restricted Subsidiaries in respect of such Casualty Event shall be deemed to be Net Available Cash of an Asset Disposition, and such Net Available Cash shall be applied in accordance with Section
        3.5;

     

    (24)        any sale of property or assets, if the acquisition of such property or assets was financed with Excluded Contributions and the proceeds of such sale are used to make a Restricted Payment
      pursuant to Section 3.3(b)(10)(b);

     

    (25)        the disposition of any assets (including Capital Stock) (i) acquired in a transaction after the Issue Date, which assets are not useful in the core or principal business of the Issuer and
      its Restricted Subsidiaries, or (ii) made in connection with the approval of any applicable antitrust authority or otherwise necessary or advisable in the reasonable determination of the Issuer to consummate any acquisition; provided, that such disposition in the case of each of clause (i) and (ii) be consummated within 365 days of such acquisition;

     

    (26)        any disposition of non-revenue producing assets to a Person who is providing services related to such assets, the provision of which have been or are to be outsourced by the Issuer or any
      Restricted Subsidiary to such Person;

     

    (27)        any Plan Contribution;

     

    (28)        additional dispositions of assets (taken together with such dispositions made pursuant to this clause (28)) since the Issue Date with an aggregate fair market value not exceeding (x) prior
      to the Conversion Date, $250 million and (y) after the Conversion Date, the greater of $250 million and 9% of LTM EBITDA; and

     

    (29)        any disposition pursuant to the Plan.

     

    
      -5-

      
        

    

    In the event that a transaction (or any portion thereof) meets the criteria of a permitted Asset Disposition and would also be a Permitted Investment or an Investment permitted under Section 3.3,
      the Issuer, in its sole discretion, will be entitled to divide and classify such transaction (or a portion thereof) as an Asset Disposition and/or one or more of the types of Permitted Investments or Investments permitted under Section 3.3.

     

    “Associate” means (i) any Person engaged in a Similar Business of which the Issuer or its Restricted Subsidiaries are the legal and beneficial owners of between 20% and 50% of all outstanding Voting Stock and (ii)
      any joint venture entered into by the Issuer or any Restricted Subsidiary.

     

    “Bankruptcy Case Event of Default” means, prior to the Conversion Date:

     

    	

          	(1)	
            (i) any of the Bankruptcy Cases of the Debtors shall be dismissed or converted to a case under Chapter 7 of the Bankruptcy Code or any Debtors shall file a motion or other pleading seeking the dismissal of any Bankruptcy Case of any Debtor
              under Section 1112 of the Bankruptcy Code or otherwise or (ii) a trustee, interim receiver, receiver or manager shall be appointed in any of the Bankruptcy Cases, or a responsible officer or an examiner with enlarged powers relating to the
              operation of the business (powers beyond those set forth in Section 1106(a)(3) and (4) of the Bankruptcy Code) under Section 1104(b) of the Bankruptcy Code shall be appointed in any of the Bankruptcy Cases of the Debtors;

          

     

    	

          	(2)	
            (i) an application shall be filed by any Debtor for the approval of, or an order of the Bankruptcy Court shall be entered granting, any other Liens or claims (as defined in the Bankruptcy Code), other than the Carve-Out or Liens securing
              the Credit Facilities or Refinancing Indebtedness permitted pursuant to the Indenture, in any of the Bankruptcy Cases of the Debtors that is pari passu with or senior to the claims (as defined in the
              Bankruptcy Code) or Liens of the Notes Secured Party, or the other secured parties on the DIP Collateral against the Issuer or any Guarantor or (ii) any Liens or claims (as defined in the Bankruptcy Code) senior to or pari passu with the claims (as defined in the Bankruptcy Code) or Liens of any Notes Secured Party or the other Secured Parties on the DIP Collateral (other than the Carve-Out, Liens securing any
              Indebtedness permitted pursuant to the Indenture or any Lien permitted by the Indenture expressly permitted in the Final DIP Order to be senior to or pari passu with such claims or Liens) against the
              Issuer or any other Guarantor shall be discovered to exist, arise or otherwise be granted;

          

     

    	

          	(3)	
            other than payments authorized by the Bankruptcy Court in respect of “first day orders” or other orders entered upon pleadings (including, without limitation, the Final DIP Order, Plan and Confirmation Order), as required by the Bankruptcy
              Code, any Debtor makes any payments (whether by way of “adequate protection” or otherwise) of principal or interest or otherwise on account of any Prepetition Debt or payables (for the avoidance of doubt, other than repayment in full of the
              revolving loans under the Prepetition Credit Agreement or the Prepetition First Lien Notes);

          

     

    	

          	(4)	
            the Bankruptcy Court shall enter an order or orders granting relief from the automatic stay applicable under section 362 of the Bankruptcy Code to any creditor or party in interest to permit foreclosure (or the granting of a deed in lieu
              of foreclosure or the like) on any assets of the Debtors that have an aggregate value in excess of $50 million or to permit other actions that would have a material adverse effect on the Debtors or their estates;

          

     

    	

          	(5)	
             (i) an order shall be entered reversing, amending, supplementing, staying, vacating or otherwise modifying the Final DIP Order, or the Issuer or any of its Affiliates shall apply for authority to do so, without the prior written consent
              of the Lenders, (ii) the Final DIP Order with respect to the Notes and the Indenture shall otherwise cease to be in full force and effect in any respect or (iii) the Issuer or any of its Affiliates shall fail to comply with the Final DIP
              Order;

          

     

    	

          	(6)	
            an order shall be entered by the Bankruptcy Court terminating any of the Debtors’ exclusive periods for proposing a reorganization plan;

          

     

    
      -6-

      
        

    

    	

          	(7)	
            an order shall be entered by the Bankruptcy Court confirming a Reorganization Plan other than an Acceptable Reorganization Plan;

          

     

    	

          	(8)	
             the Final DIP Order shall cease to create valid and perfected Liens on the DIP Collateral with the priority contemplated therein or valid and enforceable superpriority claims in respect of the obligations;

          

     

    	

          	(9)	
            any of the DIP Collateral shall be subject to surcharge under Section 506(c) of the Bankruptcy Code or otherwise;

          

     

    	

          	(10)	
            an order shall be entered by the Bankruptcy Court authorizing use of cash collateral inconsistent with the Note Documents;

          

     

    	

          	(11)	
            the Issuer or any Guarantor (or any direct or indirect Subsidiary thereof) shall obtain court authorization to commence, or shall commence, join in, assist or otherwise participate as an adverse party, in any suit or other proceeding
              against any Notes Secured Party;

          

     

    	

          	(12)	
            an order shall be entered approving the sale of all or substantially all assets of the Debtors;

          

     

    	

          	(13)	
            any of the Debtors shall fail to comply with the Final DIP Order;

          

     

    	

          	(14)	
            (i) the filing by any Debtor of a motion, pleading or other proceeding that could reasonably be expected to result in an impairment of the rights or interest of the Holders and such motion, pleading or proceeding shall not be withdrawn or
              dismissed within one Business Day after a request to such Debtor by the Trustee or the Holders at least 20% in principal amount of the outstanding notes to withdraw or dismiss such motion, pleading or proceeding, or (ii) a determination by a
              court of competent jurisdiction with respect to a motion, pleading or proceeding brought by another party that results in such an impairment; and

          

     

    	

          	(15)	
            any of the Debtors shall file or support any pleading seeking relief the grant of which would give rise to an Event of Default.

          

     

    “Bankruptcy Code” means Title 11 of the United States Code, as amended.

     

    “Bankruptcy Court” has the meaning ascribed to it in the recitals of this indenture.

     

    “Board of Directors” means (i) with respect to the Issuer or any corporation, the board of directors or managers, as applicable, of the corporation, or any duly authorized committee thereof; (ii) with respect to
      any partnership, the board of directors or other governing body of the general partner, as applicable, of the partnership or any duly authorized committee thereof; (iii) with respect to a limited liability company, the managing member or members or
      any duly authorized controlling committee thereof; and (iv) with respect to any other Person, the board or any duly authorized committee of such Person serving a similar function.

     

    Whenever any provision requires any action or determination to be made by, or any approval of, a Board of Directors, such action, determination or approval shall be deemed to have been taken or made if approved by a
      majority of the directors on any such Board of Directors (whether or not such action or approval is taken as part of a formal board meeting or as a formal board approval). Unless the context requires otherwise, Board of Directors means the Board of
      Directors of the Issuer.

     

    “Business Day” means each day that is not a Saturday, Sunday or other day on which banking institutions in New York, New York, United States or in the jurisdiction of the place of payment are authorized or
      required by law to close. When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment or performance shall extend
      to the immediately succeeding Business Day and such extension of time shall not be reflected in computing interest or fees, as the case may be.

     

    “Business Successor” means (i) any former Subsidiary of the Issuer and (ii) any Person that, after the Issue Date, has acquired, merged or consolidated with a Subsidiary of the Issuer (that results in such
      Subsidiary ceasing to be a Subsidiary of the Issuer), or acquired (in one transaction or a series of transactions) all or substantially all of the property and assets or business of a Subsidiary or assets constituting a business unit, line of
      business or division of a Subsidiary of the Issuer.

     

    
      -7-

      
        

    

    “Capital Stock” of any Person means any and all shares of, rights to purchase or acquire, warrants, options or depositary receipts for, or other equivalents of, or partnership or other interests in (however
      designated), equity of such Person, including any Preferred Stock, but excluding any debt securities convertible into, or exchangeable for, such equity.

     

    “Capitalized Lease Obligations” means an obligation that is required to be classified and accounted for as a capitalized lease (and, for the avoidance of doubt, not a straight-line or operating lease) for
      financial reporting purposes in accordance with GAAP. The amount of Indebtedness represented by such obligation will be the capitalized amount of such obligation at the time any determination thereof is to be made as determined in accordance with
      GAAP, and the Stated Maturity thereof will be the date of the last payment of rent or any other amount due under such lease prior to the first date such lease may be terminated without penalty; provided that
      all obligations of the Issuer and its Restricted Subsidiaries that are or would be characterized as an operating lease as determined in accordance with GAAP as in effect on January 1, 2015 (whether or not such operating lease was in effect on such
      date) shall continue to be accounted for as an operating lease (and not as a Capitalized Lease Obligation) for purposes of this Indenture regardless of any change in GAAP following January 1, 2015 (that would otherwise require such obligation to be
      recharacterized as a Capitalized Lease Obligation).

     

    “Capitalized Software Expenditures” means, for any period, the aggregate of all expenditures (whether paid in cash or accrued as liabilities) by a Person and its Restricted Subsidiaries during such period in
      respect of licensed or purchased software or internally developed software and software enhancements that, in conformity with GAAP, are or are required to be reflected as capitalized costs on the consolidated balance sheet of a Person and its
      Restricted Subsidiaries.

     

    “Carve-Out” has the meaning set forth in the Final DIP Order.

     

    “Cash Equivalents” means:

     

    (1)          (a) Dollars, Canadian dollars, pounds sterling, yen, euro, any national currency of any member state of the European Union or any Alternative Currency; or (b) any other foreign currency
      held by the Issuer and its Restricted Subsidiaries from time to time in the ordinary course of business or consistent with past practice;

     

    (2)          securities issued or directly and fully guaranteed or insured by the United States, Canadian, United Kingdom or Japanese governments, a member state of the European Union or, in each case,
      any agency or instrumentality thereof (provided that the full faith and credit obligation of such country or such member state is pledged in support thereof), with maturities of 36 months or less from the date of acquisition;

     

    (3)          certificates of deposit, time deposits, eurodollar time deposits, overnight bank deposits, demand deposits or bankers’ acceptances having maturities of not more than two years from the
      date of acquisition thereof issued by any bank, trust company or other financial institution (a) whose commercial paper is rated at least “A-2” or the equivalent thereof by S&P or at least “P-2” or the equivalent thereof by Moody’s (or, if at the
      time, neither S&P or Moody’s is rating such obligations, then a comparable rating from another Nationally Recognized Statistical Rating Organization selected by the Issuer) or (b) having combined capital and surplus in excess of $100.0 million;

     

    (4)          repurchase obligations for underlying securities of the types described in clauses (2), (3), (7) and (8) entered into with any Person meeting the qualifications specified in clause (3)
      above;

     

    (5)          securities with maturities of two years or less from the date of acquisition backed by standby letters of credit issued by any Person meeting the qualifications in clause (3) above;

     

    (6)          commercial paper and variable or fixed rate notes issued by any Person meeting the qualifications specified in clause (3) above (or by the parent company thereof) maturing within two years
      after the date of creation thereof, or if no rating is available in respect of the commercial paper or variable or fixed rate notes, the issuer of which has an equivalent rating in respect of its long-term debt;

     

    
      -8-

      
        

    

    (7)          marketable short-term money market and similar securities having a rating of at least “P-2” or “A-2” from either S&P or Moody’s, respectively (or, if at the time, neither S&P nor
      Moody’s is rating such obligations, then a comparable rating from another Nationally Recognized Statistical Rating Organization selected by the Issuer);

     

    (8)          readily marketable direct obligations issued by any state, province, commonwealth or territory of the United States of America or any political subdivision, taxing authority or any agency
      or instrumentality thereof, rated BBB- (or the equivalent) or better by S&P or Baa3 (or the equivalent) or better by Moody’s (or, if at the time, neither S&P nor Moody’s is rating such obligations, then a comparable rating from another
      Nationally Recognized Statistical Rating Organization selected by the Issuer) with maturities of not more than two years from the date of acquisition;

     

    (9)          readily marketable direct obligations issued by any foreign government or any political subdivision, taxing authority or agency or instrumentality thereof, with a rating of “BBB-” or
      higher from S&P or “Baa3” or higher by Moody’s or the equivalent of such rating by such rating organization (or, if at the time, neither S&P nor Moody’s is rating such obligations, then a comparable rating from another Nationally Recognized
      Statistical Rating Organization selected by the Issuer) with maturities of not more than two years from the date of acquisition;

     

    (10)        Investments with average maturities of 24 months or less from the date of acquisition in money market funds with a rating of “A” or higher from S&P or “A-2” or higher by Moody’s or the
      equivalent of such rating by such rating organization (or, if at the time, neither S&P nor Moody’s is rating such obligations, then a comparable rating from another Nationally Recognized Statistical Rating Organization selected by the Issuer);

     

    (11)        with respect to any Foreign Subsidiary: (i) obligations of the national government of the country in which such Foreign Subsidiary maintains its chief executive office and principal place
      of business provided such country is a member of the Organization for Economic Cooperation and Development, in each case maturing within one year after the date of investment therein, (ii) certificates of deposit of, bankers’ acceptance of, or time
      deposits with, any commercial bank which is organized and existing under the laws of the country in which such Foreign Subsidiary maintains its chief executive office and principal place of business provided such country is a member of the
      Organization for Economic Cooperation and Development, and whose short-term commercial paper rating from S&P is at least “A-2” or the equivalent thereof or from Moody’s is at least “P-2” or the equivalent thereof (any such bank being an “Approved

        Foreign Bank”), and in each case with maturities of not more than 270 days from the date of acquisition and (iii) the equivalent of demand deposit accounts which are maintained with an Approved Foreign Bank;

     

    (12)        Indebtedness or Preferred Stock issued by Persons with a rating of “BBB-” or higher from S&P or “Baa3” or higher by Moody’s or the equivalent of such rating by such rating organization
      (or, if at the time, neither S&P nor Moody’s is rating such obligations, then a comparable rating from another Nationally Recognized Statistical Rating Organization selected by the Issuer) with maturities of not more than two years from the date
      of acquisition;

     

    (13)        bills of exchange issued in the United States of America, Canada, the United Kingdom, Japan, a member state of the European Union eligible for rediscount at the relevant central bank and
      accepted by a bank (or any dematerialized equivalent);

     

    (14)        investments in industrial development revenue bonds that (i) “re-set” interest rates not less frequently than quarterly, (ii) are entitled to the benefit of a remarketing arrangement with
      an established broker dealer and (iii) are supported by a direct pay letter of credit covering principal and accrued interest that is issued by any bank meeting the qualifications specified in clause (3) above; and

     

    (15)        any investment company, money market, enhanced high yield, pooled or other investment fund investing 90% or more of its assets in instruments of the types specified in the clauses above.

     

    
      -9-

      
        

    

    In the case of Investments by any Foreign Subsidiary that is a Restricted Subsidiary or Investments made in a country outside the United States of America, Cash Equivalents shall also include (a) investments of the type
      and maturity described in clauses (1) through (15) above of foreign obligors, which Investments or obligors (or the parents of such obligors) have ratings described in such clauses or equivalent ratings from comparable foreign rating agencies and (b)
      other short-term investments utilized by Foreign Subsidiaries that are Restricted Subsidiaries in accordance with normal investment practices for cash management in investments analogous to the foregoing investments in clauses (1) through (15) above
      and in this paragraph. Notwithstanding the foregoing, Cash Equivalents shall include amounts denominated in currencies other than those set forth in clause (1) above, provided that such amounts are converted into any currency listed in clause (1) as
      promptly as practicable and in any event within ten (10) Business Days following the receipt of such amounts. For the avoidance of doubt, any items identified as Cash Equivalents under this definition will be deemed to be Cash Equivalents for all
      purposes under this Indenture regardless of the treatment of such items under GAAP.

     

    “Cash Management Obligations” means (1) obligations in respect of any overdraft and related liabilities arising from treasury, depository, cash pooling arrangements, electronic fund transfer, treasury services and
      cash management services, including controlled disbursement services, working capital lines, lines of credit, overdraft facilities, foreign exchange facilities, deposit and other accounts and merchant services, or other cash management arrangements
      or any automated clearing house arrangements, (2) other obligations in respect of netting or setting off arrangements, credit, debit or purchase card programs, stored value card and similar arrangements and (3) obligations in respect of any other
      services related, ancillary or complementary to the foregoing (including any overdraft and related liabilities arising from treasury, depository, cash pooling arrangements and cash management services, corporate credit and purchasing cards and
      related programs or any automated clearing house transfers of funds).

     

    “Casualty Event” means any event that gives rise to the receipt by the Issuer or any Restricted Subsidiary of any insurance proceeds or condemnation awards in respect of any equipment, assets or real property
      (including any improvements thereon) to replace or repair such equipment, assets or real property.

     

    “CFC” means (a) any direct or indirect Subsidiary of the Issuer that is not organized under the laws of the United States, any state thereof nor the District of Columbia that is a “controlled foreign corporation”
      within the meaning of Section 957 of the Code and (b) any Subsidiary of a Person or Persons described in clause (a) of this definition.

     

    “Change of Control” means the occurrence of any of the following after the Issue Date:

     

    (1)          the Issuer becomes aware of (by way of a report or any other filing pursuant to Section 13(d) of the Exchange Act, proxy, vote, written notice or otherwise) any “person” (as such terms are
      used in Sections 13(d) and 14(d) of the Exchange Act as in effect on the Issue Date), other than a Parent Entity, that is or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 of the Exchange Act as in effect on the Issue Date) of
      more than 50% of the total voting power of the Voting Stock of the Issuer; provided that so long as the Issuer is a Subsidiary of any Parent Entity, no Person shall be deemed to be or become a beneficial
      owner of more than 50% of the total voting power of the Voting Stock of the Issuer unless such Person shall be or become a beneficial owner of more than 50% of the total voting power of the Voting Stock of such Parent Entity (other than a Parent
      Entity that is a Subsidiary of another Parent Entity); or

     

    (2)          the sale or transfer, in one or a series of related transactions, of all or substantially all of the assets of the Issuer and its Restricted Subsidiaries, taken as a whole, to a Person
      (other than the Issuer or any of its Restricted Subsidiaries) and any “person” (as defined in clause (1) above), other than any Parent Entity, is or becomes the “beneficial owner” (as so defined) of more than 50% of the total voting power of the
      Voting Stock of the transferee Person in such sale or transfer of assets, as the case may be; provided that so long as the Issuer is a Subsidiary of any Parent Entity, no Person shall be deemed to be or
      become a beneficial owner of more than 50% of the total voting power of the Voting Stock of the Issuer unless such Person shall be or become a beneficial owner of more than 50% of the total voting power of the Voting Stock of such Parent Entity
      (other than a Parent Entity that is a Subsidiary of another Parent Entity).

     

    Notwithstanding the preceding or any provision of Section 13d-3 of the Exchange Act, (i) a Person or group shall not be deemed to beneficially own Voting Stock subject to a stock or asset purchase agreement, merger
      agreement, option agreement, warrant agreement or similar agreement (or voting or option or similar agreement related thereto) until the consummation of the acquisition of the Voting Stock in connection with the transactions contemplated by such
      agreement, (ii) neither the holders of the Existing Unsecured Notes nor any subset of such holders will constitute a group for purposes of this Indenture on or prior to the Conversion Date, (iii) a Person or group will not be deemed to beneficially
      own the Voting Stock of another Person as a result of its ownership of Voting Stock or other securities of such other Person’s parent entity (or related contractual rights) unless it owns 50% or more of the total voting power of the Voting Stock
      entitled to vote for the election of directors of such parent entity having a majority of the aggregate votes on the board of directors (or similar body) of such parent entity and (iv) the right to acquire Voting Stock (so long as such Person does
      not have the right to direct the voting of the Voting Stock subject to such right) or any veto power in connection with the acquisition or disposition of Voting Stock will not cause a party to be a beneficial owner. Notwithstanding anything to the
      contrary, in no event shall a Change of Control be deemed to occur as a result of or in connection with the Transactions.

     

    
      -10-

      
        

    

    “Chapter 11 Cases” means the voluntary petitions of the Issuer and all of its direct and indirect subsidiaries filed under chapter 11 of the Bankruptcy Code in Bankruptcy Court.

     

    “Collateral” means (x) prior to the Conversion Date, the DIP Collateral and (y) after the Conversion Date, the Exit Collateral.

     

    “Collateral Agent” means JPMorgan Chase Bank, N.A., in its capacity as collateral agent for the First Lien Obligations, together with its successors and permitted assigns under the Security Documents.

     

    “Collateral Grantors” means, collectively, the Issuer and the Grantor.

     

    “Collateral Requirement” means the requirement that:

     

    (i) prior to the Conversion Date,

     

    (x) the Trustee shall have received (or, in the case of clause (4) below, the Collateral Agent (as defined in the DIP Pledge Agreement)):

     

    (1)          a duly executed and delivered counterpart of the DIP Pledge Agreement from the Pledgor;

     

    (2)          a duly executed and delivered counterpart of the DIP Security Agreement from the Grantor;

     

    (3)          a duly executed and delivered counterpart of the DIP Note Guarantees from each of the Guarantors;

     

    (4)          the certificates or instruments evidencing the issued and outstanding equity interests of the Pledged Entities and, to the extent required by the applicable DIP Security Document, all
      certificates, agreements, acknowledgments or instruments representing, evidencing or acknowledging the DIP Collateral accompanied by instruments of transfer and stock powers undated and endorsed in blank; and

     

    (5)          UCC financing statements in appropriate form for filing under the UCC and such other documents reasonably requested by the Applicable Agent as may be necessary or appropriate or, in the
      opinion of the Applicable Agent, desirable to perfect the Liens created or purported to be created by the DIP Security Documents; and

     

    (y) the Collateral Agent shall have a valid and perfected first priority (subject to Liens permitted hereunder) security interest, for the benefit of the Notes Secured Parties, in (i) on the Issue
      Date and at all times thereafter until the Conversion Date, all issued and outstanding equity interests of the Pledged Entities and the other DIP Collateral and (ii) after the Issue Date until the Conversion Date, all other assets that are required
      from time to time to be subject to a Lien securing the First Lien Obligations pursuant to the terms of Section 3.14 hereof or the relevant DIP Security Documents, in any such case, except to the extent such security interest has been released
      in accordance with the terms of this Indenture or the applicable DIP Security Document(s); and

     

    
      -11-

      
        

    

    (ii) upon the Conversion Date,

     

    (x) the Trustee shall have received (or, in the case of clause (4) below, the Collateral Agent (as defined in the Exit Pledge Agreement)):

     

    (1)          a duly executed and delivered counterpart of the Exit Pledge Agreement from the Pledgor;

     

    (2)          a duly executed and delivered counterpart of the Exit Security Agreement from the Grantor;

     

    (3)          the certificates or instruments evidencing the issued and outstanding equity interests of the Pledged Subsidiaries and, to the extent required by the applicable Exit Security Document, all
      certificates, agreements, acknowledgments or instruments representing, evidencing or acknowledging the Exit Collateral accompanied by instruments of transfer and stock powers undated and endorsed in blank; and

     

    (4)          UCC financing statements in appropriate form for filing under the UCC and such other documents reasonably requested by the Applicable Agent as may be necessary or appropriate or, in the
      opinion of the Applicable Agent, desirable to perfect the Liens created or purported to be created by the Exit Security Documents; and

     

    (y) the Collateral Agent shall have a valid and perfected first priority (subject to Liens permitted hereunder) security interest, for the benefit of the Notes Secured Parties, in (i) on the
      Conversion Date and at all times thereafter, all issued and outstanding equity interests of the Pledged Entities and the other Exit Collateral and (ii) after the Conversion Date, all other assets that are required from time to time to be subject to a
      Lien securing the First Lien Obligations pursuant to the terms of Section 3.14 hereof or the relevant Exit Security Documents, in any such case, except to the extent such security interest has been released in accordance with the terms of
      this Indenture or the applicable Exit Security Document(s).

     

    The foregoing definition shall not require the creation or perfection of pledges of or security interests in particular assets if and for so long as the Applicable Agent and the Issuer agree in
      writing that the cost of creating or perfecting such pledges or security interests in such assets or obtaining title insurance or surveys in respect of such assets outweighs the benefits to be obtained by the lenders under the Applicable Credit
      Agreement therefrom.

     

    The Applicable Agent may grant extensions of time for the perfection of security interests in or the obtaining of title insurance and surveys with respect to particular assets (including extensions
      beyond the Issue Date for the perfection of security interests in the assets of the Issuer and the Guarantors on such date) where it reasonably determines, in consultation with the Issuer, that perfection cannot be accomplished without undue effort
      or expense by the time or times at which it would otherwise be required by this Indenture or the Security Documents.

     

    Notwithstanding the foregoing provisions of this definition or anything in this Indenture or any other Note Document to the contrary:

     

    (A)         Liens required to be granted from time to time pursuant to the Collateral Requirement shall be subject to exceptions and limitations set forth in the Security Documents
      and, to the extent appropriate in the applicable jurisdiction, as agreed between the Applicable Agent and the Issuer;

     

    (B)         the Collateral Requirement shall not apply to any Excluded Property (as defined in the Security Documents);

     

    (C)        no deposit account control agreement, securities account control agreement or other control agreements or control arrangements shall be required with respect to any
      deposit account, securities account or other asset specifically requiring perfection through control agreements;

     

    
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    (D)          no actions in any jurisdiction other than the United States or that are necessary to comply with the laws of any jurisdiction other than the United States shall be
      required in order to create any security interests in assets located, titled, registered or filed outside of the United States or, except with respect to intellectual property subsisting outside of the United States unless a Lien on such intellectual
      property can be granted and/or perfected without filings in intellectual property registries or recording offices or with intellectual property authorities outside of the United States, to perfect such security interests (it being understood that
      there shall be no security agreements, pledge agreements, or share charge (or mortgage) agreements governed under the laws of any jurisdiction other than the United States); and

     

    (E)        general statutory limitations, financial assistance, corporate benefit, capital maintenance rules, fraudulent preference, “thin capitalization” rules, retention of title
      claims and similar principle may limit the ability of a Foreign Subsidiary to provide a Note Guarantee or collateral or may require that the Note Guarantee or collateral be limited by an amount or otherwise, in each case as reasonably determined by
      the Issuer in consultation with the Applicable Agent.

     

    “Confirmation Order” means the order entered by the U.S. Bankruptcy Court for the Southern District of New York confirming the Plan as in effect on the date of the Offering Circular, together with any amendments,
      supplements or modifications thereto after the date of the Offering Circular that are not, taken together, materially adverse to Holders of the Notes (as determined in good faith by the Issuer), provided that
      any such amendment, supplement or modification solely to permit the Staggered Emergence shall be deemed not to be materially adverse to the Holders of the Notes [Docket No. 1005].

     

    “Consolidated Depreciation and Amortization Expense” means, with respect to any Person for any period, the total amount of depreciation and amortization expense and capitalized fees, including amortization or
      write-off of (i) intangible assets and non-cash organization costs, (ii) deferred financing and debt issuance fees, costs and expenses, (iii) capitalized expenditures (including Capitalized Software Expenditures), customer acquisition costs and
      incentive payments, media development costs, conversion costs and contract acquisition costs, the amortization of original issue discount resulting from the issuance of Indebtedness at less than par and amortization of favorable or unfavorable lease
      assets or liabilities and (iv) capitalized fees related to any Qualified Securitization Financing or Receivables Facility, of such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance
      with GAAP and any write down of assets or asset value carried on the balance sheet.

     

    “Consolidated EBITDA” means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period:

     

    (1)          increased (without duplication) by:

     

    (a)          Fixed Charges of such Person for such period (including (w) non-cash rent expense, (x) net losses or any obligations on any Hedging Obligations or other derivative instruments, (y) bank, letter of credit and
      other financing fees and (z) costs of surety bonds in connection with financing activities, plus amounts excluded from the definition of “Consolidated Interest Expense” and any non-cash interest expense), to the extent deducted (and not added back)
      in computing Consolidated Net Income; plus

     

    (b)          (x) provision for taxes based on income, profits, revenue or capital, including federal, foreign, state, provincial, territorial, local, unitary, excise, property, franchise, value added and similar taxes
      (such as Delaware franchise tax, Pennsylvania capital tax, Texas margin tax and provincial capital taxes paid in Canada) and withholding taxes (including any future taxes or other levies which replace or are intended to be in lieu of such taxes and
      any penalties, additions to tax and interest related to such taxes or arising from tax examinations) and similar taxes of such Person paid or accrued during such period (including in respect of repatriated funds), (y) any distributions made to a
      Parent Entity with respect to the foregoing and (z) the net tax expense associated with any adjustments made pursuant to the definition of “Consolidated Net Income” in each case, to the extent deducted (and not added back) in computing Consolidated
      Net Income; plus

     

    (c)          Consolidated Depreciation and Amortization Expense of such Person for such period to the extent deducted (and not added back) in computing Consolidated Net Income; plus

     

    
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    (d)          any fees, costs, expenses or charges (other than Consolidated Depreciation and Amortization Expense) related to any actual, proposed or contemplated Equity Offering (including any expense relating to
      enhanced accounting functions or other transaction costs associated with becoming a public company, including Public Company Costs), Permitted Investment, Restricted Payment, acquisition, disposition, recapitalization or the incurrence of
      Indebtedness permitted to be incurred by this Indenture (including a refinancing thereof) (whether or not successful and including any such transaction consummated prior to the Issue Date), including (i) such fees, expenses or charges (including
      rating agency fees, consulting fees and other related expenses and/or letter of credit or similar fees) related to the offering or incurrence of, or ongoing administration of, the Notes, the Credit Agreement, any other Credit Facilities, any
      Securitization Fees and the Transactions, including Transaction Expenses, and (ii) any amendment, waiver or other modification of the Notes, the Credit Agreement, Receivables Facilities, Securitization Facilities, any other Credit Facilities, any
      Securitization Fees, any other Indebtedness or any Equity Offering, in each case, whether or not consummated, to the extent deducted (and not added back) in computing Consolidated Net Income; plus

     

    (e)          (i) the amount of any restructuring charge, accrual, reserve (and adjustments to existing reserves) or expense, integration cost, inventory optimization programs or other business optimization expense or
      cost (including charges directly related to the implementation of cost-savings initiatives and tax restructurings) that is deducted (and not added back) in such period in computing Consolidated Net Income, including any costs incurred in connection
      with acquisitions or divestitures after the Issue Date, any severance, retention, signing bonuses, relocation, recruiting and other employee related costs, costs in respect of strategic initiatives and curtailments or modifications to pension and
      post-retirement employment benefit plans (including any settlement of pension liabilities), costs related to entry into new markets (including unused warehouse space costs) and new product introductions (including labor costs and scrap costs),
      systems development and establishment costs, operational and reporting systems, technology initiatives, contract termination costs, future lease commitments and costs related to the opening and closure and/or consolidation of facilities (including
      severance, rent termination, moving and legal costs) and to exiting lines of business and consulting fees incurred with any of the foregoing and (ii) fees, costs and expenses associated with acquisition related litigation and settlement thereof, in
      each case, whether or not consummated, to the extent deducted (and not added back) in computing Consolidated Net Income; plus

     

    (f)           any other non-cash charges, write-downs, expenses, losses or items reducing Consolidated Net Income for such period including (i) non-cash losses on the sale of assets and any write-offs or write-downs,
      deferred revenue or impairment charges, (ii) impairment charges, amortization (or write offs) of financing costs (including debt discount, debt issuance costs and commissions and other fees associated with Indebtedness, including the Notes and the
      Credit Agreement) of such Person and its Subsidiaries and/or (iii) the impact of acquisition method accounting adjustment and any non-cash write-up, write-down or write-off with respect to re-valuing assets and liabilities in connection with the
      Transactions or any Investment, deferred revenue or any effects of adjustments resulting from the application of purchase accounting, purchase price accounting (including any step-up in inventory and loss of profit on the acquired inventory) (provided that if any such non-cash charge, write-down, expense, loss or item represents an accrual or reserve for potential cash items in any future period, (A) the Issuer may elect not to add back such non-cash
      charge, expense or loss in the current period and (B) to the extent the Issuer elects to add back such non-cash charge, the cash payment in respect thereof in such future period shall be subtracted from Consolidated EBITDA when paid), or other items
      classified by the Issuer as special items less other non-cash items of income increasing Consolidated Net Income (excluding any amortization of a prepaid cash item that was paid in a prior period or such non-cash item of income to the extent it
      represents a receipt of cash in any future period); plus

     

    (g)          the amount of pro forma “run rate” cost savings (including cost savings with respect to salary, benefit and other direct savings resulting from workforce reductions and facility, benefit and insurance
      savings and any savings expected to result from the reduction of a public target’s Public Company Costs), operating expense reductions, other operating improvements (including the entry into material contracts or arrangements), and initiatives and
      synergies (it is understood and agreed that “run rate” means the full recurring benefit for a period that is associated with any action taken, committed to be taken or expected to be taken, net of the amount of actual benefits realized during such
      period from such actions) projected by the Issuer in good faith to be reasonably anticipated to be realizable or a plan for realization shall have been established within 18 months of the date thereof (including from any actions taken in whole or in
      part prior to such date), which will be added to Consolidated EBITDA as so projected until fully realized and calculated on a pro forma basis as though such cost savings (including cost savings with respect to salary, benefit and other direct savings
      resulting from workforce reductions and facility, benefit and insurance savings and any savings expected to result from the reduction of a public target’s Public Company Costs), operating expense reductions, other operating improvements and
      initiatives and synergies had been realized on the first day of such period, net of the amount of actual benefits realized prior to or during such period from such actions; provided, that the aggregate amount
      of adjustments pursuant to this clause (g) (other than adjustments made in accordance with Regulation S-X), shall not exceed 20.0% of LTM EBITDA for the applicable period (calculated after giving effect to any pro forma adjustments); plus

     

    
      -14-

      
        

    

    (h)          any costs or expenses incurred by the Issuer or a Restricted Subsidiary or a Parent Entity pursuant to any management equity plan, stock option plan, phantom equity plan, profits interests or any other
      management, employee benefit or other compensatory plan or agreement (and any successor plans or arrangements thereto), employment, termination or severance agreement, or any stock subscription or equityholder agreement, and any costs or expenses in
      connection with the roll-over, acceleration or payout of Capital Stock held by management, to the extent that such costs or expenses are non-cash or otherwise funded with cash proceeds contributed to the capital of the Issuer or net after tax cash
      proceeds of an issuance of Capital Stock (other than Disqualified Stock) of the Issuer; plus

     

    (i)           cash receipts (or any netting arrangements resulting in reduced cash expenditures) not representing Consolidated EBITDA or Consolidated Net Income in any period to the extent non-cash gains relating to such
      income were deducted in the calculation of Consolidated EBITDA pursuant to clause (2) below for any previous period and not added back; plus

     

    (j)           any net loss included in the Consolidated Net Income attributable to non-controlling or minority interests pursuant to the application of Accounting Standards Codification Topic 810-10-45; plus

     

    (k)          the amount of any non-controlling or minority interest expense consisting of Subsidiary income attributable to non-controlling or minority equity interests of third parties in any non-wholly owned
      Subsidiary; plus

     

    (l)           unrealized or realized foreign exchange losses resulting from the impact of foreign currency changes; plus

     

    (m)          with respect to any joint venture, an amount equal to the proportion of those items described in clauses (b) and (c) above relating to such joint venture corresponding to the Issuer’s and its Restricted
      Subsidiaries’ proportionate share of such joint venture’s Consolidated Net Income (determined as if such joint venture were a Restricted Subsidiary) to the extent deducted (and not added back) in computing Consolidated Net Income; plus

     

    (n)          the amount of any costs or expenses relating to payments made to stock appreciation or similar rights, stock option, restricted stock, phantom equity, profits interests or other interests or rights holders
      of the Issuer or any of its Subsidiaries or any Parent Entity in connection with, or as a result of, any distribution being made to equityholders of such Person or any of its Subsidiaries or any Parent Entities, which payments are being made to
      compensate such holders as though they were equityholders at the time of, and entitled to share in, such distribution; plus

     

    (o)          (i) adjustments of the nature or type used in connection with the calculation of “Adjusted EBITDA” as set forth in footnote (b) of “Summary—Summary historical consolidated and pro forma consolidated
      financial information of Frontier” contained in the offering circular and (ii) any due diligence quality of earnings report from time to time prepared with respect to the target of an acquisition or Investment by a nationally recognized accounting
      firm;

     

    (p)          on or following the Conversion Date, any expenses or expenditures of the type that, prior to the Conversion Date were treated or accounted for as capital expenditures to the extent such expenses or
      expenditures are accounted for under GAAP as operating expenses solely as a result of the implementation of fresh-start accounting or the adoption or modification of accounting policies in connection with such fresh-start accounting in connection
      with emergence from the Chapter 11 Cases; and

     

    (2)          decreased (without duplication) by non-cash gains increasing Consolidated Net Income of such Person for such period, excluding any non-cash gains to the extent they represent the reversal of an accrual or
      reserve for a potential cash item that reduced Consolidated EBITDA in any prior period (other than non-cash gains relating to the application of Accounting Standards Codification Topic 840—Leases).

     

    
      -15-

      
        

    

    “Consolidated First Lien Secured Leverage Ratio” means, as of any date of determination, the ratio of (x) the sum of (a) Consolidated Total Indebtedness secured by a Lien on the Collateral as of such date (other
      than Indebtedness secured by the Collateral with a Junior Lien Priority relative to the Notes and the Notes Guarantees) and (b) without duplication, the Reserved Indebtedness Amount secured by a Lien on the Collateral as of such date (other than
      Indebtedness secured by the Collateral with a Junior Lien Priority relative to the Notes and the Notes Guarantees) to (y) LTM EBITDA.

     

    “Consolidated Interest Expense” means, with respect to any Person for any period, without duplication, the sum of:

     

    (1)          consolidated interest expense of such Person and its Restricted Subsidiaries for such period, to the extent such expense was deducted (and not added back) in computing Consolidated Net Income (including
      (a) amortization of original issue discount or premium resulting from the issuance of Indebtedness at less than par, (b) all commissions, discounts and other fees and charges owed with respect to letters of credit or bankers acceptances, (c) non-cash
      interest payments (but excluding any non-cash interest expense attributable to the movement in mark-to-market valuation of any Hedging Obligations or other derivative instruments pursuant to GAAP), (d) the interest component of Capitalized Lease
      Obligations, and (e) net payments, if any made (less net payments, if any, received), pursuant to interest rate Hedging Obligations with respect to Indebtedness, and excluding (i) Securitization Fees, (ii) penalties, addition to tax and interest
      relating to taxes, (iii) annual agency or similar fees paid to the administrative agents, collateral agents and other agents under any Credit Facility, (iv) any additional interest or liquidated damages owing pursuant to any registration rights
      obligations, (v) costs associated with obtaining Hedging Obligations, (vi) accretion or accrual of discounted liabilities other than Indebtedness, (vii) any expense resulting from the discounting of any Indebtedness in connection with the application
      of recapitalization accounting or purchase accounting in connection with the Transactions or any acquisition, (viii) amortization, expensing or write-off of deferred financing fees, amendment and consent fees, debt issuance costs, debt discount or
      premium, terminated hedging obligations and other commissions, fees and expenses, discounted liabilities, original issue discount and any other amounts of non-cash interest and, adjusted to the extent included, to exclude any refunds or similar
      credits received in connection with the purchasing or procurement of goods or services under any purchasing card or similar program, (ix) any expensing of bridge, arrangement, structuring, commitment, agency, consent and other financing fees and any
      other fees related to the Transactions or any acquisitions after the Issue Date, (x) any accretion of accrued interest on discounted liabilities and any prepayment, make-whole or breakage premium, penalty or cost and (xi) interest expense with
      respect to Indebtedness of any direct or indirect parent of such Person resulting from push-down accounting); plus

     

    (2)          consolidated capitalized interest of such Person and its Restricted Subsidiaries for such period, whether paid or accrued; less

     

    (3)          interest income for such period.

     

    For purposes of this definition, interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by such Person to be the rate of interest implicit in such Capitalized Lease
      Obligation in accordance with GAAP.

     

    “Consolidated Net Income” means, with respect to any Person for any period, the net income (loss) of such Person and its Restricted Subsidiaries for such period determined on a consolidated basis in accordance
      with GAAP; provided, however, that there will not be included in such Consolidated Net Income:

     

    (1)          any net income (loss) of any Person if such Person is not a Restricted Subsidiary (including any net income (loss) from investments recorded in such Person under the equity method of accounting), except that
      the Issuer’s equity in the net income of any such Person for such period will be included in such Consolidated Net Income up to the aggregate amount of cash or Cash Equivalents actually distributed (or to the extent converted into cash or Cash
      Equivalents) by such Person during such period to the Issuer or a Restricted Subsidiary as a dividend or other distribution or return on investment;

     

    
      -16-

      
        

    

    (2)          solely for the purpose of determining the amount available for Restricted Payments under Section 3.3(a)(ii)(A) hereof, any net income (loss) of any Restricted Subsidiary (other than the Guarantors)
      if such Subsidiary is subject to restrictions, directly or indirectly, on the payment of dividends or the making of distributions by such Restricted Subsidiary, directly or indirectly, to the Issuer or a Guarantor by operation of the terms of such
      Restricted Subsidiary’s articles, charter or any agreement, instrument, judgment, decree, order, statute or governmental rule or regulation applicable to such Restricted Subsidiary or its stockholders (other than (a) restrictions that have been
      waived or otherwise released (or such Person reasonably believes such restriction could be waived or released and is using commercially reasonable efforts to pursue such waiver or release), (b) restrictions pursuant to the Credit Agreement, the
      Notes, this Indenture or other similar indebtedness and (c) restrictions specified in Section 3.4(b)(14)(i)), except that the Issuer’s equity in the net income of any such Restricted Subsidiary for such period will be included in such
      Consolidated Net Income up to the aggregate amount of cash or Cash Equivalents actually distributed (or to the extent converted, or having the ability to be converted, into cash or Cash Equivalents) by such Restricted Subsidiary during such period to
      the Issuer or another Restricted Subsidiary as a dividend or other distribution (subject, in the case of a dividend to another Restricted Subsidiary, to the limitation contained in this clause);

     

    (3)          any gain (or loss) (a) in respect of facilities no longer used or useful in the conduct of the business of the Issuer or its Restricted Subsidiaries, abandoned, closed, disposed or discontinued operations,
      (b) on disposal, abandonment or discontinuance of disposed, abandoned, closed or discontinued operations, and (c) attributable to asset dispositions, abandonments, sales or other dispositions of any asset (including pursuant to any Sale and Leaseback
      Transaction) or the designation of an Unrestricted Subsidiary other than in the ordinary course of business;

     

    (4)          (a) any extraordinary, unusual, infrequently occurring or nonrecurring loss, charge or expense, Transaction Expenses, Public Company Costs, restructuring and duplicative running costs, restructuring charges
      or reserves (whether or not classified as restructuring expense on the consolidated financial statements), relocation costs, start-up or initial costs for any project or new production line, division or new line of business, integration and
      facilities’ or bases’ opening costs, facility consolidation and closing costs, severance costs and expenses, one-time charges (including compensation charges), payments made pursuant to the terms of change in control agreements that the Issuer or a
      Subsidiary or a Parent Entity had entered into with employees of the Issuer, a Subsidiary or a Parent Entity, costs relating to pre-opening, opening and conversion costs for facilities, losses or costs related to facility or property disruptions or
      shutdowns, signing, retention and completion bonuses (including management bonus pools), recruiting costs, costs incurred in connection with any strategic or cost savings initiatives, transition costs, contract terminations, litigation and
      arbitration fees, costs and charges, expenses in connection with one-time rate changes, costs incurred with acquisitions, investments and dispositions (including travel and out-of-pocket costs, human resources costs (including relocation bonuses),
      litigation and arbitration costs, charges, fees and expenses (including settlements), management transition costs, advertising costs, losses associated with temporary decreases in work volume and expenses related to maintain underutilized personnel)
      and non-recurring product and intellectual property development, other business optimization expenses or reserves (including costs and expenses relating to business optimization programs and new systems design and costs or reserves associated with
      improvements to IT and accounting functions), retention charges (including charges or expenses in respect of incentive plans), system establishment costs and implementation costs and operating expenses attributable to the implementation of strategic
      or cost-savings initiatives, and curtailments or modifications to pension and post-retirement employee benefit plans (including any settlement of pension liabilities and charges resulting from changes in estimates, valuations and judgments) and
      professional, legal, accounting, consulting and other service fees incurred with any of the foregoing and (b) any charge, expense, cost, accrual or reserve of any kind associated with acquisition related litigation and settlements thereof;

     

    (5)          (a) at the election of the Issuer with respect to any quarterly period, the cumulative effect of a change in law, regulation or accounting principles and changes as a result of the adoption or modification
      of accounting policies, (b) subject to the last paragraph of the definition of “GAAP,” the cumulative effect of a change in accounting principles and changes as a result of the adoption or modification of accounting policies during such period
      (including any impact resulting from an election by the Issuer to apply IFRS or other Accounting Changes) and (c) any costs, charges, losses, fees or expenses in connection with the implementation or tracking of such changes or modifications
      specified in the foregoing clauses (a) and (b);

     

    
      -17-

      
        

    

    (6)          (a) any equity-based or non-cash compensation or similar charge, cost or expense or reduction of revenue, including any such charge, cost, expense or reduction arising from any grant of stock, stock
      appreciation or similar rights, stock options, restricted stock, phantom equity, profits interests or other interests, or other rights or equity- or equity based incentive programs (“equity incentives”), any income (loss) associated with the
      equity incentives or other long-term incentive compensation plans (including under deferred compensation arrangements of the Issuer or any Parent Entity or Subsidiary and any positive investment income with respect to funded deferred compensation
      account balances), roll-over, acceleration or payout of Capital Stock by employees, directors, officers, managers, contractors, consultants, advisors or business partners (or their respective Controlled Investment Affiliates or Immediate Family
      Members) of the Issuer or any Parent Entity or Subsidiary, and any cash awards granted to employees of the Issuer and its Subsidiaries in replacement for forfeited awards, (b) any non-cash losses realized in such period in connection with adjustments
      to any employee benefit plan due to changes in estimates, actuarial assumptions, valuations, studies or judgments or non-cash compensation expense resulting from the application of Accounting Standards Codification Topic 718, Compensation—Stock
      Compensation and (c) any net pension or post-employment benefit costs representing amortization of unrecognized prior service costs, actuarial losses, amortization of such amounts arising in prior periods, amortization of the unrecognized obligation
      (and loss or cost) existing at the date of initial application of Statement of Financial Accounting Standards No. 87, 106 and 112, and any other item of a similar nature;

     

    (7)          any income (loss) from the extinguishment, conversion or cancellation of Indebtedness, Hedging Obligations or other derivative instruments (including deferred financing costs written off, premiums paid or
      other expenses incurred);

     

    (8)          any unrealized or realized gains or losses in respect of any Hedging Obligations or any ineffectiveness recognized in earnings related to hedge transactions or the fair value of changes therein recognized in
      earnings for derivatives that do not qualify as hedge transactions;

     

    (9)          any fees, losses, costs, expenses or charges incurred during such period (including any transaction, retention bonus or similar payment), or any amortization thereof for such period, in connection with
      (a) any acquisition, recapitalization, Investment, Asset Disposition, disposition, issuance or repayment of Indebtedness (including such fees, expense or charges related to the offering, issuance and rating of the Notes, other securities and any
      Credit Facilities), issuance of Capital Stock, refinancing transaction or amendment or modification of any debt instrument (including any amendment or other modification of the Notes, other securities and any Credit Facilities), in each case,
      including the Transactions, any such transaction consummated prior to, on or after the Issue Date and any such transaction undertaken but not completed, and any charges or non-recurring merger costs incurred during such period as a result of any such
      transaction, in each case whether or not successful (including, for the avoidance of doubt, the effects of expensing all transaction-related expenses in accordance with Accounting Standards Codification Topic 805—Business Combinations and any
      adjustments resulting from the application of Accounting Standards Codification Topic 460—Guarantees or any related pronouncements) and (b) complying with the requirements under, or making elections permitted by, the documentation governing any
      Indebtedness;

     

    (10)        any unrealized or realized gain or loss resulting in such period from currency translation increases or decreases or transaction gains or losses, including those related to currency remeasurements of
      Indebtedness (including any net loss or gain resulting from Hedging Obligations for currency risk), intercompany balances, other balance sheet items, Hedging Obligations or other obligations of the Issuer or any Restricted Subsidiary owing to the
      Issuer or any Restricted Subsidiary and any other realized or unrealized foreign exchange gains or losses relating to the translation of assets and liabilities denominated in foreign currencies;

     

    (11)        any unrealized or realized income (loss) or non-cash expense attributable to movement in mark-to-market valuation of foreign currencies, Indebtedness or derivative instruments pursuant to GAAP;

     

    (12)        effects of adjustments (including the effects of such adjustments pushed down to such Person and its Restricted Subsidiaries) in such Person’s consolidated financial statements pursuant to GAAP and related
      pronouncements, including in the inventory (including any impact of changes to inventory valuation policy methods, including changes in capitalization of variances), property and equipment, software, loans, leases, goodwill, intangible assets,
      in-process research and development, deferred revenue (including deferred costs related thereto and deferred rent) and debt line items thereof, resulting from the application of acquisition method accounting, recapitalization accounting or purchase
      accounting, as the case may be, in relation to the Transactions or any consummated acquisition (by merger, consolidation, amalgamation or otherwise), joint venture investment or other Investment or the amortization or write-off or write-down of any
      amounts thereof;

     

    
      -18-

      
        

    

    (13)        any impairment charge, write-off or write-down, including impairment charges, write-offs or write-downs related to intangible assets, long-lived assets, goodwill, investments in debt or equity securities
      (including any losses with respect to the foregoing in bankruptcy, insolvency or similar proceedings) and investments recorded using the equity method or as a result of a change in law or regulation and the amortization of intangibles arising
      pursuant to GAAP;

     

    (14)        (a) accruals and reserves (including contingent liabilities) that are established or adjusted in connection with the Transactions or within 18 months after the closing of any acquisition or disposition that
      are so required to be established or adjusted as a result of such acquisition or disposition in accordance with GAAP, or changes as a result of adoption or modification of accounting policies and (b) earn-out, non-compete and contingent consideration
      obligations (including to the extent accounted for as bonuses or otherwise) and adjustments thereof and purchase price adjustments;

     

    (15)        any income (loss) related to any realized or unrealized gains and losses resulting from Hedging Obligations or embedded derivatives that require similar accounting treatment (including embedded derivatives in
      customer contracts), and the application of Accounting Standards Codification Topic 815—Derivatives and Hedging and its related pronouncements or mark to market movement of other financial instruments pursuant to Accounting Standards Codification
      Topic 825—Financial Instruments, or the equivalent accounting standard under GAAP or an alternative basis of accounting applied in lieu of GAAP;

     

    (16)        any non-cash expenses, accruals or reserves related to adjustments to historical tax exposures and any deferred tax expense associated with tax deductions or net operating losses arising as a result of the
      Transactions, or the release of any valuation allowances related to such item;

     

    (17)        [reserved];

     

    (18)        the amount of loss or discount on sale of Securitization Assets, Receivables Assets and related assets in connection with a Qualified Securitization Financing or Receivables Facility; and

     

    (19)        (i) payments to third parties in respect of research and development, including amounts paid upon signing, success, completion and other milestones and other progress payments, to the extent expensed, (ii) at
      the election of the Issuer with respect to any quarterly period, effects of adjustments to accruals and reserves during a period relating to any change in the methodology of calculating reserves for returns, rebates and other chargebacks (including
      government program rebates) and (iii) at the election of the Issuer with respect to any quarterly period, an amount equal to the net change in deferred revenue at the end of such period from the deferred revenue at the end of the previous period.

     

    In addition, to the extent not already excluded (or included, as applicable) in the Consolidated Net Income of such Person and its Restricted Subsidiaries, notwithstanding anything to the contrary in the foregoing,
      Consolidated Net Income shall be increased by the amount of: (i) any expenses, charges or losses that are reimbursed by indemnification or other reimbursement provisions in connection with any investment or any sale, conveyance, transfer or other
      disposition of assets permitted hereunder, or, so long as the Issuer has made a determination that there exists reasonable evidence that such amount will in fact be reimbursed within 366 days of the date of such evidence (net of any amount so added
      back in a prior period to the extent not so reimbursed within the applicable 366-day period), (ii) to the extent covered by insurance (including business interruption insurance) and actually reimbursed, or, so long as the Issuer has made a
      determination that there exists reasonable evidence that such amount will in fact be reimbursed by the insurer and only to the extent that such amount is in fact reimbursed within 366 days of the date of such evidence (net of any amount so added back
      in a prior period to the extent not so reimbursed within the applicable 366-day period), expenses, charges or losses with respect to liability or Casualty Events or business interruption and (iii) the amount of distributions actually made to any
      Parent Entity of such Person in respect of such period in accordance with Section 3.3(b)(9)(i) as though such amounts had been paid as taxes directly by such Person for such periods.

     

    
      -19-

      
        

    

    “Consolidated Total Indebtedness” means, as of any date of determination, an amount equal to (a) the aggregate principal amount of outstanding Indebtedness for borrowed money (excluding Indebtedness with respect
      to Cash Management Obligations and intercompany Indebtedness as of such date), plus (b) the aggregate principal amount of Capitalized Lease Obligations and Purchase Money Obligations and unreimbursed drawings
      under letters of credit of the Issuer and its Restricted Subsidiaries outstanding on such date (provided that any unreimbursed amount under commercial letters of credit shall not be counted as Consolidated
      Total Indebtedness until five Business Days after such amount is drawn), minus (c) the aggregate amount of (i) any undrawn Reserved Indebtedness Amount (to the extent included in clause (a) above) and (ii)
      cash and Cash Equivalents included on the consolidated balance sheet of the Issuer and its Restricted Subsidiaries as of the end of the most recent fiscal period for which consolidated financial statements are available (which may be internal
      financial statements) (provided that (x) the cash proceeds of any proposed incurrence of Indebtedness shall not be included in this clause (c) for purposes of calculating the Consolidated Total Leverage Ratio
      or the Consolidated First Lien Secured Leverage Ratio, as applicable and (y) prior to the Conversion Date, the amount in clause (ii) shall not exceed $150 million), with such pro forma adjustments as are consistent with the pro forma adjustments set
      forth in the definition of “Consolidated Total Leverage Ratio.” For the avoidance of doubt, Consolidated Total Indebtedness shall exclude Indebtedness in respect of any Receivables Facility or Securitization Facility.

     

    “Consolidated Total Leverage Ratio” means, as of any date of determination, the ratio of (x) the sum of (a) Consolidated Total Indebtedness as of such date and (b) without duplication, the Reserved Indebtedness
      Amount as of such date to (y) LTM EBITDA.

     

    “Contingent Obligations” means, with respect to any Person, any obligation of such Person guaranteeing in any manner, whether directly or indirectly, any Non-Financing Lease Obligation, dividend or other
      obligation that does not constitute Indebtedness (“primary obligations”) of any other Person (the “primary obligor”), including any obligation of such Person, whether or not contingent:

     

    (1)          to purchase any such primary obligation or any property constituting direct or indirect security therefor;

     

    (2)          to advance or supply funds:

     

    (a)          for the purchase or payment of any such primary obligation; or

     

    (b)          to maintain the working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor; or

     

    (3)          to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation
      against loss in respect thereof.

     

    “Controlled Investment Affiliate” means, as to any Person, any other Person, which directly or indirectly is in control of, is controlled by, or is under common control with such Person and is organized by such
      Person (or any Person controlling such Person) primarily for making direct or indirect equity or debt investments in the Issuer and/or other companies.

     

    “Conversion Date” means the date upon which each of the Exit Conditions shall have been satisfied or waived and the Officer’s Certificate has been delivered as required in Section
        13.1 hereof.

     

    “Conversion Outside Date” means December 31, 2021.

     

    “Corporate Reorganization” means the corporate reorganization as a result of which New Frontier Issuer will be a wholly-owned, indirect Subsidiary of Reorganized Frontier, will
      assume the obligations of the Issuer under the Notes and this Indenture and Reorganized Frontier will hold, directly or indirectly, substantially all of the assets and operations of Frontier as of immediately prior to such corporate reorganization
      (provided that, for the avoidance of doubt, if the Issuer undertakes the Staggered Emergence the Designated Entities shall not be held by New Frontier Issuer as of the Conversion Date).

     

    “Credit Agreement” means each of the DIP Revolver Credit Agreement, DIP to Exit Term Credit Agreement, the Prepetition Credit Agreement and the Exit Restated Credit Agreement.

     

    
      -20-

      
        

    

    “Credit Facility” means, with respect to the Issuer or any of its Subsidiaries, one or more debt facilities, indentures or other arrangements (including the Credit Agreements or commercial paper facilities and
      overdraft facilities) with banks, other financial institutions or investors providing for revolving credit loans, term loans, notes, receivables financing (including through the sale of receivables to such institutions or to special purpose entities
      formed to borrow from such institutions against such receivables), letters of credit or other Indebtedness, in each case, as amended, restated, modified, renewed, refunded, replaced, restructured, refinanced, repaid, increased or extended in whole or
      in part from time to time (and whether in whole or in part and whether or not with the original administrative agent and lenders or another administrative agent or agents or other banks or institutions and whether provided under the original Credit
      Agreements or one or more other credit or other agreements, indentures, financing agreements or otherwise) and in each case including all agreements, instruments and documents executed and delivered pursuant to or in connection with the foregoing
      (including any notes and letters of credit issued pursuant thereto and any Guarantee and collateral agreement, patent and trademark security agreement, mortgages or letter of credit applications and other Guarantees, pledges, agreements, security
      agreements and collateral documents). Without limiting the generality of the foregoing, the term “Credit Facility” shall include any agreement or instrument (1) changing the maturity of any Indebtedness incurred thereunder or contemplated thereby,
      (2) adding Subsidiaries of the Issuer as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

     

    “Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Code.

     

     “Debtors” means the Issuer together with all of its direct and indirect subsidiaries that have filed the Chapter 11 Cases.

     

    “Default” means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default; provided that any Default that results solely
      from the taking of an action that would have been permitted but for the continuation of a previous Default will be deemed to be cured if such previous Default is cured prior to becoming an Event of Default.

     

    “Derivative Instrument” with respect to a Person, means any contract, instrument or other right to receive payment or delivery of cash or other assets to which such Person or any Affiliate of such Person that is
      acting in concert with such Person in connection with such Person’s investment in the Notes (other than a Screened Affiliate) is a party (whether or not requiring further performance by such Person), the value and/or cash flows of which (or any
      material portion thereof) are materially affected by the value and/or performance of the Notes and/or the creditworthiness of the Issuer and/or any one or more of the Guarantors (the “Performance References”).

     

    “Designated Entities” means, if the Issuer elects to undertake the Staggered Emergence, each then direct or indirect Subsidiary of the Issuer designated by the Issuer as a “Designated Entity” in an Officer’s
      Certificate on or prior to the Conversion Date and, in each case, any successors or assigns, provided that the Consolidated EBITDA of the Designated Entities for the most recently ended four fiscal quarters
      for which consolidated financial statements are available (which may be internal financial statements) immediately preceding the Effective Date shall not exceed $225 million (as calculated in good faith by the Issuer).

     

    “Definitive Notes” means certificated Notes.

     

    “Depositary” means, with respect to the Notes issuable or issued in whole or in part in global form, the Person specified in Section 2.3 hereof as the Depositary with respect to the Notes, and any and all
      successors thereto appointed as depositary hereunder and having become such pursuant to the applicable provisions of this Indenture.

     

    “Designated Non-Cash Consideration” means the fair market value (as determined in good faith by the Issuer) of non-cash consideration received by the Issuer or any of the Restricted Subsidiaries in connection with
      an Asset Disposition that is so designated as Designated Non-Cash Consideration pursuant to an Officer’s Certificate, setting forth the basis of such valuation, less the amount of cash or Cash Equivalents received in connection with a subsequent
      payment, redemption, retirement, sale or other disposition of such Designated Non-Cash Consideration. A particular item of Designated Non-Cash Consideration will no longer be considered to be outstanding when and to the extent it has been paid,
      redeemed or otherwise retired or sold or otherwise disposed of in compliance with Section 3.5 hereof.

     

    
      -21-

      
        

    

    “Designated Preferred Stock” means Preferred Stock of the Issuer or a Parent Entity (other than Disqualified Stock) that is issued for cash (other than to the Issuer or a Subsidiary of the Issuer or an employee
      stock ownership plan or trust established by the Issuer or any such Subsidiary for the benefit of their employees to the extent funded by the Issuer or such Subsidiary) and that is designated as “Designated Preferred Stock” pursuant to an Officer’s
      Certificate of the Issuer at or prior to the issuance thereof, the net after tax cash proceeds of which are excluded from the calculation set forth in Section 3.3(a)(ii)(C) hereof.

     

    “DIP Collateral” means all the “Collateral” and “Pledged Collateral” (or equivalent terms) as defined in any DIP Security Document and any and all other property, now existing or hereafter acquired, that may at
      any time be or become subject (or purported to be subject) to a security interest or Lien to secure the First Lien Obligations; provided that Collateral shall exclude claims and causes of action under sections 502, 510, 542, 544, 545, 547-553, and
      724(a) of the Bankruptcy Law or under similar or related local, state, federal or foreign statutes and common law, including fraudulent transfer laws but include, subject to the entry of the Final DIP Order by the Bankruptcy Court, the proceeds
      thereof. As of the Issue Date and prior to the Conversion Date, DIP Collateral shall be limited to the “Collateral” granted pursuant to the DIP Security Agreement, “Pledged Collateral” granted pursuant to the DIP Pledge Agreement and substantially
      all unencumbered assets and properties of the Issuer and Frontier Communications of Iowa, LLC, subject to customary exceptions, on which Liens are granted pursuant to the Final DIP Order.

     

    “DIP Pledge Agreement” means that certain Pledge Agreement, dated as of the Issue Date, among the Issuer, as the pledgor, the Revolver Agent, the DIP to Exit Term Agent, the Trustee
      and the Collateral Agent, as may be amended, restated, amended and restated, supplemented, re-affirmed or otherwise modified from time to time.

     

    “DIP Revolver Credit Agreement” means the senior secured super-priority debtor-in-possession credit agreement to be entered into on or about the Issue Date by and among
      the Issuer, the Revolver Agent and each lender and issuing bank from time to time party thereto, together with the related documents thereto, providing for the DIP Revolving Facility (including any letters of credit and reimbursement obligations
      related thereto, any Guarantees and security documents), as amended, extended, renewed, restated, refunded, replaced, refinanced, supplemented, modified or otherwise changed (in whole or in part, and without limitation as to amount, terms,
      conditions, covenants and other provisions) from time to time, and any one or more agreements (and related documents) governing Indebtedness, including indentures, incurred to refinance, substitute, supplement, replace or add to (including increasing
      the amount available for borrowing or adding or removing any Person as a borrower, issuer or guarantor thereunder, in whole or in part), the borrowings and commitments then outstanding or permitted to be outstanding under such DIP Revolver Credit
      Agreement or one or more successors to the DIP Revolver Credit Agreement or one or more new credit agreements.

     

    “DIP Revolving Facility” means the super-priority debtor-in-possession revolving credit facility of the Issuer under the DIP Revolver Credit Agreement.

     

    “DIP Security Agreement” means that certain Security Agreement, dated on or about the Issue Date, among the Grantor, the Collateral Agent, the Trustee, the Revolver Agent and the DIP to Exit Term Agent, as may be
      amended, restated, amended and restated, supplemented, re-affirmed or otherwise modified from time to time.

     

    “DIP Security Documents” means, collectively, the DIP Security Agreement, the DIP Pledge Agreement, the Final DIP Order, other security or intercreditor agreements relating to the DIP Collateral and instruments
      filed and recorded in appropriate jurisdictions to perfect, preserve and protect the Liens on the DIP Collateral (including, without limitation, financing statements under the UCC of the relevant states applicable to the DIP Collateral), each for the
      benefit of the First Lien Secured Parties, as amended, amended and restated, modified, renewed or replaced from time to time.

     

    “DIP to Exit Term Agent” means JPMorgan Chase Bank, N.A., in its capacity as agent for the lenders and other secured parties under the DIP to Exit Term Credit Agreement, together with its successors and permitted
      assigns under the DIP to Exit Term Credit Agreement.

     

    “DIP to Exit Term Credit Agreement” means the credit agreement governing the DIP to Exit Term Facility to be entered into on or about the Issue Date by and among the Issuer, the DIP to Term Exit Agent and each
      lender from time to time party thereto, together with the related documents thereto, providing for the DIP to Exit Term Facility, as amended, extended, renewed, restated, refunded, replaced, refinanced, supplemented, modified or otherwise changed (in
      whole or in part, and without limitation as to amount, terms, conditions, covenants and other provisions) from time to time, and any one or more agreements (and related documents) governing Indebtedness, including indentures, incurred to refinance,
      substitute, supplement, replace or add to (including increasing the amount available for borrowing or adding or removing any Person as a borrower, issuer or guarantor thereunder, in whole or in part), the borrowings and commitments then outstanding
      or permitted to be outstanding under such DIP to Exit Term Credit Agreement or one or more successors to the DIP to Exit Term Credit Agreement or one or more new credit agreements.

     

    
      -22-

      
        

    

    “DIP to Exit Term Facility” means the term credit facility of the Issuer under the DIP to Exit Term Credit Agreement.

     

    “Discharge” means, with respect to any Collateral, the date on which such Series of First Lien Obligations is no longer secured by such Collateral. The term “Discharged” shall have a corresponding meaning.

     

    “Discharge of First Lien Obligations” means, with respect to any Collateral, the Discharge of the applicable First Lien Obligations with respect to such Collateral; provided that a Discharge of First Lien
      Obligations shall not be deemed to have occurred in connection with a refinancing of such First Lien Obligations with additional First Lien Obligations secured by such Collateral under an additional First Lien Document which have been designated in
      writing by the Secured Representative (under the First Lien Obligations so refinanced) or by the Issuer to the Applicable Secured Representative pursuant to the terms thereto as “First Lien Obligations” for purposes of the Security Documents.

     

    “Disinterested Director” means, with respect to any Affiliate Transaction, a member of the Board of Directors having no material direct or indirect financial interest in or with respect to such Affiliate
      Transaction. A member of the Board of Directors shall be deemed not to have such a financial interest by reason of such member’s holding Capital Stock of the Issuer or any options, warrants or other rights in respect of such Capital Stock.

     

    “Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person 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:

     

    (1)          matures or is mandatorily redeemable for cash or in exchange for Indebtedness pursuant to a sinking fund obligation or otherwise; or

     

    (2)          is or may become (in accordance with its terms) upon the occurrence of certain events or otherwise redeemable or repurchasable for cash or in exchange for Indebtedness at the option of the holder of the
      Capital Stock in whole or in part,

     

    in each case on or prior to the earlier of (a) the Stated Maturity of the Notes or (b) the date on which there are no Notes outstanding; provided, however, that
      (i) only the portion of Capital Stock which so matures or is mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the option of the holder thereof prior to such date will be deemed to be Disqualified Stock and (ii) any
      Capital Stock that would constitute Disqualified Stock solely because the holders thereof have the right to require the Issuer to repurchase such Capital Stock upon the occurrence of a change of control or asset sale (howsoever defined or referred
      to) shall not constitute Disqualified Stock if any such redemption or repurchase obligation is subject to compliance by the relevant Person with Section 3.3 hereof; provided, however, that if such
      Capital Stock is issued to any future, current or former employee, director, officer, manager, contractor, consultant or advisor (or their respective Controlled Investment Affiliates or Immediate Family Members) (excluding Immediate Family Members,
      but not excluding any future, current or former employee, director, officer, manager, contractor, consultant or advisor), of the Issuer, any of its Subsidiaries, any Parent Entity or any other entity in which the Issuer or a Restricted Subsidiary has
      an Investment and is designated in good faith as an “affiliate” by the Board of Directors (or the compensation committee thereof) or any other plan for the benefit of current, former or future employees (or their respective Controlled Investment
      Affiliates or Immediate Family Members) of the Issuer or its Subsidiaries or by any such plan to such employees (or their respective Controlled Investment Affiliates or Immediate Family Members), such Capital Stock shall not constitute Disqualified
      Stock solely because it may be required to be repurchased by the Issuer or its Subsidiaries in order to satisfy applicable statutory or regulatory obligations.

     

    “Dollars” or “$” means the lawful currency of the United States of America.

     

    
      -23-

      
        

    

    “Domestic Subsidiary” means, with respect to any Person, any Restricted Subsidiary of such Person other than a Foreign Subsidiary.

     

    “DTC” means The Depository Trust Company or any successor securities clearing agency.

     

    “Effective Date” means the effective date of the Plan.

     

    “Equity Interest” means, with respect to any person, any and all shares of capital stock and all interests, participations or other equivalents of capital stock of (or other ownership or profit interests in) such
      person, including (a) membership interests (however designated, whether voting or nonvoting) in such person, (b) if such person is a partnership, partnership interests (whether general or limited) and (c) any other interest or participation that
      confers on any other person the right to receive a share of the profits and losses of, or distributions of property of, such partnership, whether outstanding on the date hereof or issued hereafter, but excluding debt securities convertible or
      exchangeable into any of the foregoing.

     

     “Equity Offering” means (x) a sale of Capital Stock (other than through the issuance of Disqualified Stock or Designated Preferred Stock or through an Excluded Contribution) other than (a) offerings registered on
      Form S-8 (or any successor form) under the Securities Act or any similar offering in other jurisdictions or other securities of the Issuer or any Parent Entity and (b) issuances of Capital Stock to any Subsidiary of the Issuer or (y) a cash equity
      contribution to the Issuer.

     

    “euro” means the single currency of participating member states of the economic and monetary union as contemplated in the Treaty on European Union.

     

    “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated thereunder, as amended.

     

    “Excluded Assets” means the following:

     

    (1)          any permit or license issued by a Governmental Authority to any Collateral Grantor or any agreement to which any Collateral Grantor is a party or any other asset or property of such Collateral Grantor, in
      each case, only to the extent and for so long as the creation or perfection by such Collateral Grantor of a security interest in such permit, license, agreement, asset or property in favor of the Collateral Agent would violate the terms of such
      permit, license or agreement or any requirement of law applicable thereto or would result in an impairment of the applicable Collateral Grantor’s rights in such property (other than the grant of the lien itself), or would create a right of
      termination in favor of, or require the consent, approval, license or authorization of, any Person (other than any Grantor) which consent, approval, license or authorization has not been obtained (in each case after giving effect to
      Sections 9‐406(d), 9‐407(a), 9‐408(a) or 9-409 of the UCC (or any successor provision or provisions) or any other applicable law (including the Bankruptcy Code) or principles of equity), it being understood that no Collateral Grantor shall be
      required to obtain any such consent, approval, license or authorization;

     

    (2)          assets owned by any Collateral Grantor on the date of the relevant Security Documents or thereafter acquired and any proceeds thereof that are subject to a Lien securing a purchase money obligation or
      Capitalized Lease Obligation permitted to be incurred pursuant to the provisions of the Applicable Credit Agreement to the extent and for so long as the creation of any other Lien on such assets and proceeds is prohibited, or would create of
      termination in favor of or require the consent of, any Person, in each case pursuant to the contract or other agreement in which such Lien is granted (or the documentation providing for such purchase money obligation or Capitalized Lease Obligation);

     

    (3)          any property of a person existing at the time such person is acquired or merged with or into or consolidated with any Collateral Grantor that is subject to a Lien permitted by the provisions of the
      Applicable Credit Agreement to the extent and for so long as the creation of any other Lien on such property would violate the terms of the contract or other agreement in which such Lien is granted, or create a right of termination in favor of, or
      require the consent, approval, license or authorization of, any Person (other than any Collateral Grantor) which consent, approval, license or authorization has not been obtained (in each case after giving effect to Sections 9‐406(d), 9‐407(a),
      9‐408(a) or 9-409 of the UCC (or any successor provision or provisions) or any other applicable law (including the Bankruptcy Code) or principles of equity), it being understood that no Collateral Grantor shall be required to obtain any such consent,
      approval, license or authorization;

     

    
      -24-

      
        

    

    (4)          any Equity Interests (other than the Pledged Collateral);

     

    (5)          any intent-to-use trademark application to the extent and for so long as creation by any Collateral Grantor of a security interest therein would result in the loss by such Collateral Grantor of any material
      rights therein;

     

    (6)          any fee-owned real property and any leasehold interest in real property;

     

    (7)          Capital Stock or other voting interests of any Foreign Subsidiary of the Company, CFC or FSHCO in excess of 65% of the issued and outstanding voting stock or other voting interests (including instruments
      treated as voting interests for U.S. federal income tax purposes) of such Person;

     

    (8)          any property or assets for which the creation or perfection of pledges of, or security interests in, would result in material adverse tax consequences to the Grantor, the Issuer, or any of its Subsidiaries,
      as reasonably determined by the Grantor; and

     

    (9)          certain other exceptions described in the Security Documents;

     

    provided, however, that Excluded Assets shall not include any Proceeds, substitutions or replacements of any Excluded Assets referred to in clauses (1) through (9) (unless such Proceeds, substitutions or
      replacements would constitute Excluded Assets referred to in any of clauses (1) through (9)).

     

    “Excluded Contribution” means net after tax cash proceeds or property or assets received by the Issuer as capital contributions to the equity (other than through the issuance of Disqualified Stock or Designated
      Preferred Stock) of the Issuer after the Conversion Date or from the issuance or sale (other than to a Restricted Subsidiary or an employee stock ownership plan or trust established by the Issuer or any Subsidiary of the Issuer for the benefit of
      their employees to the extent funded by the Issuer or any Restricted Subsidiary) of Capital Stock (other than Disqualified Stock or Designated Preferred Stock) of the Issuer, in each case, to the extent designated as an Excluded Contribution pursuant
      to an Officer’s Certificate of the Issuer.

     

    “Excluded DIP Assets” means the following:

     

    (1)          any permit or license issued by a Governmental Authority to any Specified Collateral Party or any agreement to which any Specified Collateral Party is a party or any other asset or property of such Specified
      Collateral Party, in each case, only to the extent and for so long as the creation or perfection by such Specified Collateral Party of a security interest in such permit, license, agreement, asset or property in favor of the Collateral Agent would
      violate the terms of such permit, license or agreement or any requirement of law applicable thereto or would result in an impairment of the applicable Specified Collateral Party’s rights in such property (other than the grant of the lien itself), or
      would create a right of termination in favor of, or require the consent, approval, license or authorization of, any Person (other than any Specified Collateral Party) which consent, approval, license or authorization has not been obtained (in each
      case after giving effect to Sections 9‐406(d), 9‐407(a), 9‐408(a) or 9-409 of the UCC (or any successor provision or provisions) or any other applicable law (including the Bankruptcy Code) or principles of equity), it being understood that no
      Specified Collateral Party shall be required to obtain any such consent, approval, license or authorization;

     

    (2)          assets owned by any Specified Collateral Party on the date of the relevant Security Documents or thereafter acquired and any proceeds thereof that are subject to a Lien securing a purchase money obligation
      or Capitalized Lease Obligation permitted to be incurred pursuant to the provisions of the Applicable Credit Agreement to the extent and for so long as the creation of any other Lien on such assets and proceeds is prohibited, or would create of
      termination in favor of or require the consent of, any Person, in each case pursuant to the contract or other agreement in which such Lien is granted (or the documentation providing for such purchase money obligation or Capitalized Lease Obligation);
      provided that this clause shall not include any assets or proceeds to the extent such prohibition or creation is rendered ineffective, or that such Person is prohibited from exercising such right of
      termination, by any applicable law (including Sections 9‐406(d), 9‐407(a), 9‐408(a) or 9-409 of the UCC (or any successor provision or provisions) or the Bankruptcy Code or principles of equity;

     

    
      -25-

      
        

    

    (3)          any property of a person existing at the time such person is acquired or merged with or into or consolidated with any Specified Collateral Party that is subject to a Lien permitted by the provisions of the
      Applicable Credit Agreement to the extent and for so long as the creation of any other Lien on such property would violate the terms of the contract or other agreement in which such Lien is granted, or create a right of termination in favor of, or
      require the consent, approval, license or authorization of, any Person (other than any Specified Collateral Party) which consent, approval, license or authorization has not been obtained (in each case after giving effect to Sections 9‐406(d),
      9‐407(a), 9‐408(a) or 9-409 of the UCC (or any successor provision or provisions) or any other applicable law (including the Bankruptcy Code) or principles of equity), it being understood that no Specified Collateral Party shall be required to obtain
      any such consent, approval, license or authorization;

     

    (4)          voting capital stock in any non-first-tier Foreign Subsidiary or FSHCO, or, in the case of a first-tier Foreign Subsidiary or FSHCO, voting capital stock in excess of 65% of all voting capital stock in such
      Foreign Subsidiary;

     

    (5)          any intent-to-use trademark application to the extent and for so long as creation by any Specified Collateral Party of a security interest therein would result in the loss by such Specified Collateral Party
      of any material rights therein;

     

    (6)          any property or assets for which the creation or perfection of pledges of, or security interests in, would result in material adverse tax consequences to any Specified Collateral Party or any of its
      subsidiaries, as reasonably determined by the Specified Collateral Party in consultation with the Secured Representatives and notified to the Secured Representatives; and

     

    (7)          any property the pledge of which would require any governmental approval that the Issuer and the Other Obligors are excused from obtaining in connection with the Liens being granted under and pursuant to the
      Final DIP Order;

     

    provided, however, that Excluded DIP Assets shall not include any Proceeds, substitutions or replacements of any Excluded DIP Assets referred to in clauses (1) through (7) (unless
      such Proceeds, substitutions or replacements would constitute Excluded Assets referred to in any of clauses (1) through (7)).

     

    “Existing Unsecured Notes” means the Issuer’s (i) 8.500% Unsecured Notes due April 15, 2020 issued under that certain Indenture, dated as of April 12, 2010 (as amended, restated, amended and restated, supplemented
      or otherwise modified from time to time prior to the Petition Date) by and among New Communications Holdings Inc., as issuer, and the Bank of New York Mellon, as trustee, (ii) 8.875% Unsecured Notes due September 15, 2020, issued under that certain
      Base Indenture, dated as of September 25, 2015 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the Petition Date) by and among the Issuer, as issuer, and the Bank of New York Mellon, as
      trustee, (iii) 9.250% Unsecured Notes due July 1, 2021, issued under that certain Base Indenture, dated as of April 9, 2009 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the Petition Date)
      by and among the Issuer, as issuer, and the Bank of New York Mellon, as trustee, (iv) 6.250% Unsecured Notes due September 15, 2021, issued under that certain Base Indenture, dated as of April 9, 2009 (as amended, restated, amended and restated,
      supplemented or otherwise modified from time to time prior to the Petition Date) by and among the Issuer, as issuer, and the Bank of New York Mellon, as trustee, (v) 8.750% Unsecured Notes due April 15, 2022 issued under that certain Indenture, dated
      as of April 12, 2010 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the Petition Date) by and among New Communications Holdings Inc., as issuer, and the Bank of New York Mellon, as trustee,
      (vi) 10.500% Unsecured Notes due September 15, 2022, issued under that certain Base Indenture, dated as of September 25, 2015 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the Petition
      Date) by and among the Issuer, as issuer, and the Bank of New York Mellon, as trustee, (vii) 7.125% Unsecured Notes due January 15, 2023, issued under that certain Base Indenture, dated as of April 9, 2009 (as amended, restated, amended and restated,
      supplemented or otherwise modified from time to time prior to the Petition Date) by and among the Issuer, as issuer, and the Bank of New York Mellon, as trustee, (viii) 7.625% Unsecured Notes due April 15, 2024, issued under that certain Base
      Indenture, dated as of April 9, 2009 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the Petition Date) by and among the Issuer, as issuer, and the Bank of New York Mellon, as trustee, (ix)
      6.875% Unsecured Notes due January 15, 2025, issued under that certain Base Indenture, dated as of April 9, 2009 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the Petition Date) by and
      among the Issuer, as issuer, and the Bank of New York Mellon, as trustee, (x) 11.000% Unsecured Notes due September 15, 2025, issued under that certain Base Indenture, dated as of September 25, 2015 (as amended, restated, amended and restated,
      supplemented or otherwise modified from time to time prior to the Petition Date) by and among the Issuer, as issuer, and the Bank of New York Mellon, as trustee, (xi) 7.000% Unsecured Debentures due November 1, 2025, issued under that certain Base
      Indenture, dated as of August 15, 1991 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the Petition Date) by and among the Issuer, as issuer, and the Bank of New York Mellon, as trustee,
      (xii) 6.800% Unsecured Debentures due August 15, 2026, issued under that certain Base Indenture, dated as of August 15, 1991 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the Petition Date)
      by and among the Issuer, as issuer, and the Bank of New York Mellon, as trustee, (xiii) 7.875% Unsecured Notes due January 15, 2027, issued under that certain Indenture, dated as of December 22, 2006 (as amended, restated, amended and restated,
      supplemented or otherwise modified from time to time prior to the Petition Date) by and among the Issuer, as issuer, and the Bank of New York Mellon, as trustee, (xiv) 9.000% Unsecured Notes due August 15, 2031, issued under that certain Indenture,
      dated as of August 16, 2001 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the Petition Date) by and among the Issuer, as issuer, and the Bank of New York Mellon, as trustee, (xv) 7.680%
      Unsecured Debentures due October 1, 2034, issued under that certain Base Indenture, dated as of August 15, 1991 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the Petition Date) by and among
      the Issuer, as issuer, and the Bank of New York Mellon, as trustee, (xvi) 7.450% Unsecured Debentures due July 1, 2035, issued under that certain Base Indenture, dated as of August 15, 1991 (as amended, restated, amended and restated, supplemented or
      otherwise modified from time to time prior to the Petition Date) by and among the Issuer, as issuer, and the Bank of New York Mellon, as trustee and (xvii) 7.050% Unsecured Debentures due October 1, 2046, issued under that certain Base Indenture,
      dated as of August 15, 1991 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the Petition Date) by and among the Issuer, as issuer, and the Bank of New York Mellon, as trustee, in each case
      outstanding on the Issue Date.

     

    
      -26-

      
        

    

    “Exit Collateral” means all the “Collateral” and “Pledged Collateral” (or equivalent terms) as defined in any Exit Security Document and any and all other property, existing as of the Conversion Date
      or thereafter acquired, that may at any time be or become subject (or purported to be subject) to a security interest or Lien to secure the First Lien Obligations.

     

    “Exit Conditions” means the following:

     

    (1)          neither the Plan nor the Confirmation Order shall have been amended or modified or any condition contained therein waived, in each case in any manner materially adverse to the Holders of the Notes (as
      determined in good faith by the Issuer), provided that any such amendment, modification or waiver solely to permit the Staggered Emergence shall be deemed not to be materially adverse to the Holders of the
      Notes;

     

    (2)          the Plan and the Confirmation Order shall be in full force and effect and no stay thereof shall be in effect;

     

    (3)          all conditions precedent to the effectiveness of the Plan (other than the receipt by the Issuer of the net proceeds from any other financing to be received on the Conversion Date) shall have been satisfied
      or waived (to the extent such waiver is not materially adverse to the Holders of the Notes (as determined in good faith by the Issuer)) and the Effective Date under the Plan shall have occurred or will occur substantially concurrently with the
      Conversion Date;

     

    (4)          to the extent the Issuer elects to undertake the Corporate Reorganization, the Corporate Reorganization will be consummated substantially concurrently with the Conversion Date;

     

    (5)          on the Conversion Date, the Issuer shall be party to one or more revolving credit facilities (including, but not limited to, the DIP Revolving Facility) providing revolving commitments of at least an amount
      equal to (i) $775 million less (ii) the amount of cash and cash equivalents of the Issuer and its subsidiaries (excluding for the avoidance of doubt, the Designated Entities if the Issuer undertakes the Staggered Emergence) that would be reflected on
      a balance sheet prepared as of such date on a consolidated basis in accordance with GAAP;

     

    (6)          no Event of Default shall have occurred and then be continuing; and

     

    
      -27-

      
        

    

    (7)           the Exit Security Documents required to create the Liens in the Exit Collateral securing the Notes will be executed and delivered (to the extent such document is required to be delivered on such date) along
      with legal opinions in respect of the Exit Pledge Agreement and the delivery to the Collateral Agent of the certificate representing the Pledged Equity together with an undated stock or similar power executed in blank, and the Junior Intercreditor
      Agreement will be executed and delivered.

     

     “Exit Pledge Agreement” means that certain Third Amended and Restated Pledge Agreement, to be dated on or about the Conversion Date, substantially in the form of the DIP
      Pledge Agreement with such changes that are (i) not in contravention of the terms described in the Offering Circular or (ii) customary or not adverse to Holders in any material respect, taken as a whole, in each case as determined by the Issuer in
      good faith, among the Issuer, the Collateral Agent, the Trustee, the Revolver Agent, the Prepetition Term Agent (if applicable) and the DIP to Exit Term Agent, as may be amended, restated, amended and restated, supplemented, re-affirmed or otherwise
      modified from time to time.

     

    “Exit Restated Credit Agreement” means the credit agreement to be entered into on or about the Conversion Date by and among the Issuer, the Revolver Agent, the Prepetition
      Term Agent (if the Prepetition Term Facility is reinstated), and each lender and issuing bank from time to time party thereto, together with the related documents thereto, providing for the Prepetition Term Facility (if applicable) and the Exit
      Revolving Facility (including any letters of credit and reimbursement obligations related thereto, any Guarantees and security documents), as amended, extended, renewed, restated, refunded, replaced, refinanced, supplemented, modified or otherwise
      changed (in whole or in part, and without limitation as to amount, terms, conditions, covenants and other provisions) from time to time, and any one or more agreements (and related documents) governing Indebtedness, including indentures, incurred to
      refinance, substitute, supplement, replace or add to (including increasing the amount available for borrowing or adding or removing any Person as a borrower, issuer or guarantor thereunder, in whole or in part), the borrowings and commitments then
      outstanding or permitted to be outstanding under such Exit Restated Credit Agreement or one or more successors to the Exit Restated Credit Agreement or one or more new credit agreements.

     

    “Exit Revolving Facility” means the revolving credit facility of the Issuer issued under the Exit Restated Credit Agreement upon the Conversion Date.

     

    “Exit Security Agreement” means that certain Amended and Restated Security Agreement, to be dated on or about the Conversion Date, substantially in the form of the DIP Security Agreement with such changes that are
      (i) not in contravention of the terms described in the Offering Circular or (ii) customary or not adverse to Holders in any material respect, taken as a whole, in each case as determined by the Issuer in good faith, among the Grantor, the Collateral
      Agent, the Trustee, the Revolver Agent, the Prepetition Term Agent (if applicable) and the DIP to Exit Term Agent, as may be amended, restated, amended and restated, supplemented, re-affirmed or otherwise modified from time to time.

     

    “Exit Security Documents” means, collectively, the Exit Security Agreement, the Exit Pledge Agreement, the Junior Intercreditor Agreement, and other security or intercreditor agreements relating to the Exit
      Collateral and instruments filed and recorded in appropriate jurisdictions to perfect, preserve and protect the Liens on the Exit Collateral (including, without limitation, financing statements under the UCC of the relevant states applicable to the
      Exit Collateral), each for the benefit of the First Lien Secured Parties, as amended, amended and restated, modified, renewed or replaced from time to time.

     

    “fair market value” may be conclusively established by means of an Officer’s Certificate or resolutions of the Board of Directors setting out such fair market value as determined by such Officer or such Board of
      Directors in good faith.

     

    “FCC” means the United States Federal Communications Commission and any successor agency that is responsible for regulating the United States telecommunications industry.

     

    “Final DIP Order” means an order of the Bankruptcy Court entered on September 17, 2020 [Docket No. 1096] approving the First Lien Documents on a final basis, authorizing the Issuer, the Guarantors and/or Grantors
      to incur obligations under the First Lien Documents, grant liens on the DIP Collateral to secure the First Lien Obligations, and to use the proceeds thereof as contemplated in the First Lien Documents.

     

    
      -28-

      
        

    

    “First Lien Documents” means the indentures, credit, guarantee and Security Documents governing the First Lien Obligations and all other documents, instruments and agreements executed pursuant to any of the
      foregoing.

     

     “First Lien Notes Obligations” means Obligations in respect of the Note Documents.

     

    “First Lien Obligations” means, collectively, (1) the Senior Secured Credit Facility Obligations, (2) the First Lien Notes Obligations and (3) each Series of Additional First Lien Obligations.

     

     “First Lien Secured Parties” means (1) the Senior Secured Credit Facility Secured Parties, (2) the Notes Secured Parties and (3) any Additional First Lien Secured Parties.

     

    “Fitch” means Fitch Ratings, Inc. or any of its successors or assigns that is a Nationally Recognized Statistical Rating Organization.

     

    “Fixed Charges” means, with respect to any Person for any period, the sum of (without duplication):

     

    (1)          Consolidated Interest Expense of such Person for such period;

     

    (2)          all cash dividends or other distributions paid (excluding items eliminated in consolidation) on any series of Preferred Stock of any Restricted Subsidiary of such Person during such period; and

     

    (3)          all cash dividends or other distributions paid (excluding items eliminated in consolidation) on any series of Disqualified Stock of such Person during such period.

     

    “Foreign Subsidiary” means, with respect to any Person, any Subsidiary of such Person that is not organized or existing under the laws of the United States of America or any state thereof, or the District of
      Columbia, and any Subsidiary of such Subsidiary.

     

    “FSHCO” means (a) any Person substantially all of the assets of which consist of (i) the equity (including instruments treated as equity for U.S. federal income Tax purposes) and/or debt of one or more (x) CFCs
      and/or (y) Persons described in this definition and (ii) cash or cash equivalents.

     

    “GAAP” means generally accepted accounting principles in the United States of America set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public
      Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a significant segment of the accounting profession, which are in effect from time to
      time; provided that all terms of an accounting or financial nature used in this Indenture shall be construed, and all computations of amounts and ratios referred to in this Indenture shall be made (a) without
      giving effect to any election under Accounting Standards Codification Topic 825—Financial Instruments, or any successor thereto or comparable accounting principle (including pursuant to the Accounting Standards Codification), to value any
      Indebtedness of the Issuer or any Subsidiary at “fair value,” as defined therein and (b) the amount of any Indebtedness under GAAP with respect to Capitalized Lease Obligations shall be determined in accordance with the
      definition of Capitalized Lease Obligations. At any time after the Issue Date, the Issuer may elect to apply IFRS accounting principles in lieu of GAAP and, upon any such election, references herein to GAAP shall thereafter be construed to mean IFRS
      (except as otherwise provided in this Indenture); provided that any such election, once made, shall be irrevocable; provided, further, any calculation or
      determination in this Indenture that requires the application of GAAP for periods that include fiscal quarters ended prior to the Issuer’s election to apply IFRS shall remain as previously calculated or determined in accordance with GAAP. The Issuer
      shall give notice of any such election made in accordance with this definition to the Trustee. For the avoidance of doubt, solely making an election (without any other action) referred to in this definition will not be treated as an incurrence of
      Indebtedness.

     

    If there occurs a change in IFRS or GAAP, as the case may be, and such change would cause a change in the method of calculation of any standards, terms or measures (including all computations of amounts and ratios) used
      in this Indenture (an “Accounting Change”), then the Issuer may elect that such standards, terms or measures shall be calculated as if such Accounting Change had or had not occurred.

     

    “Governmental Authority” means any federal, state, provincial, local or foreign court or tribunal or governmental agency, authority, instrumentality or regulatory or legislative body.

     

    “Grantor” means Frontier Video Services Inc.

     

    
      -29-

      
        

    

    “Guarantee” means, any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Indebtedness of any other Person, including any such obligation, direct or indirect, contingent or
      otherwise, of such Person:

     

    (1)          to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness of such other Person (whether arising by virtue of partnership arrangements, or by agreements to keep-well, to
      purchase assets, goods, securities or services, to take-or-pay or to maintain financial statement conditions or otherwise); or

     

    (2)          entered into primarily for purposes of assuring in any other manner the obligee of such Indebtedness of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part),

     

    provided, however, that the term “Guarantee” will not include (x) endorsements for collection or deposit in the ordinary course of
      business or consistent with past practice and (y) standard contractual indemnities or product warranties provided in the ordinary course of business, and provided further that the amount of any Guarantee
      shall be deemed to be the lower of (i) an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee is made and (ii) the maximum amount for which such guaranteeing Person may be liable pursuant to
      the terms of the instrument embodying such Guarantee or, if such Guarantee is not an unconditional guarantee of the entire amount of the primary obligation and such maximum amount is not stated or determinable, the amount of such guaranteeing
      Person’s maximum reasonably anticipated liability in respect thereof as determined by such Person in good faith. The term “Guarantee” used as a verb has a corresponding meaning.

     

    “Guarantor” means any Restricted Subsidiary that Guarantees the Notes pursuant to the terms of this Indenture, until such Note Guarantee is released in accordance with the terms of this Indenture.

     

    “Hedging Obligations” means, with respect to any Person, the obligations of such Person under any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, commodity swap
      agreement, commodity cap agreement, commodity collar agreement, foreign exchange contracts, currency swap agreement or similar agreement providing for the transfer or mitigation of interest rate, commodity price or currency risks either generally or
      under specific contingencies.

     

    “Holder” means each Person in whose name the Notes are registered on the Registrar’s books, which shall initially be the nominee of DTC.

     

     “IAI” means an institutional “accredited investor” as described in Rule 501(a)(1), (2), (3) or (7) under the Securities Act.

     

    “IFRS” means the International Financial Reporting Standards as issued by the International Accounting Standards Board as in effect from time to time.

     

    “Immaterial Subsidiary” means, at any date of determination, each Restricted Subsidiary of the Issuer that (i) has not guaranteed any other Indebtedness of the Issuer and (ii) has Total Assets and revenues, in
      each case, of less than 5.0% of Total Assets and revenues and, together with all other Immaterial Subsidiaries, has Total Assets and revenues of less than 10.0% of Total Assets and revenues, in each case, measured at the end of the most recent fiscal
      period for which consolidated financial statements are available (which may be internal consolidated financial statements) on a pro forma basis giving effect to any acquisitions or dispositions of companies, division or lines of business since such
      balance sheet date or the start of such four quarter period, as applicable, and on or prior to the date of acquisition of such Subsidiary.

     

    “Immediate Family Members” means, with respect to any individual, such individual’s child, stepchild, grandchild or more remote descendant, parent, stepparent, grandparent, spouse, former spouse, qualified
      domestic partner, sibling, mother-in-law, father-in-law, son-in-law and daughter-in-law (including adoptive relationships, the estate of such individual and such other individuals above) and any trust, partnership or other bona fide estate-planning
      vehicle the only beneficiaries of which are any of the foregoing individuals or any private foundation or fund that is controlled by any of the foregoing individuals or any donor-advised fund of which any such individual is the donor.

     

    
      -30-

      
        

    

    “incur” means issue, create, assume, enter into any Guarantee of, incur, extend or otherwise become liable for; provided, however,
      that any Indebtedness or Capital Stock of a Person existing at the time such Person becomes a Restricted Subsidiary (whether by merger, amalgamation, consolidation, acquisition or otherwise) will be deemed to be incurred by such Restricted Subsidiary
      at the time it becomes a Restricted Subsidiary and the terms “incurred” and “incurrence” have meanings correlative to the foregoing and any Indebtedness pursuant to any revolving credit or similar facility shall only be “incurred” at the time any
      funds are borrowed thereunder.

     

    “Indebtedness” means, with respect to any Person on any date of determination (without duplication):

     

    (1)          the principal of indebtedness of such Person for borrowed money;

     

    (2)          the principal of obligations of such Person evidenced by bonds, debentures, notes or other similar instruments;

     

    (3)          all reimbursement obligations of such Person in respect of letters of credit, bankers’ acceptances or other similar instruments (the amount of such obligations being equal at any time to the aggregate then
      undrawn and unexpired amount of such letters of credit or other instruments plus the aggregate amount of drawings thereunder that have not been reimbursed) (except to the extent such reimbursement obligations relate to trade payables and such
      obligations are satisfied within 30 days of incurrence);

     

    (4)          the principal component of all obligations of such Person to pay the deferred and unpaid purchase price of property (except trade payables or similar obligations, including accrued expenses owed, to a trade
      creditor), which purchase price is due more than one year after the date of placing such property in service or taking final delivery and title thereto;

     

    (5)          Capitalized Lease Obligations of such Person;

     

    (6)          the principal component of all obligations, or liquidation preference, of such Person with respect to any Disqualified Stock or, with respect to any Restricted Subsidiary, any Preferred Stock (but excluding,
      in each case, any accrued dividends);

     

    (7)          the principal component of all Indebtedness of other Persons secured by a Lien on any asset of such Person, whether or not such Indebtedness is assumed by such Person; provided,
      however, that the amount of such Indebtedness will be the lesser of (a) the fair market value of such asset at such date of determination (as determined in good faith by the Issuer) and (b) the amount of such
      Indebtedness of such other Persons;

     

    (8)          Guarantees by such Person of the principal component of Indebtedness of the type referred to in clauses (1), (2), (3), (4), (5) and (9) of other Persons to the extent Guaranteed by such Person; and

     

    (9)          to the extent not otherwise included in this definition, net obligations of such Person under Hedging Obligations (the amount of any such obligations to be equal at any time to the net payments under such
      agreement or arrangement giving rise to such obligation that would be payable by such Person at the termination of such agreement or arrangement);

     

    with respect to clauses (1), (2), (3), (4), (5) and (9) above, if and to the extent that any of the foregoing Indebtedness (other than letters of credit and Hedging Obligations) would appear as a liability upon a balance
      sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP.

     

    The amount of Indebtedness of any Person at any time in the case of a revolving credit or similar facility shall be the total amount of funds borrowed and then outstanding. The amount of any Indebtedness outstanding as
      of any date shall be (a) the accreted value thereof in the case of any Indebtedness issued with original issue discount and (b) the principal amount of Indebtedness, or liquidation preference thereof, in the case of any other Indebtedness.
      Indebtedness shall be calculated without giving effect to the effects of Accounting Standards Codification Topic 815—Derivatives and Hedging and related pronouncements to the extent such effects would otherwise increase or decrease an amount of
      Indebtedness for any purpose under this Indenture as a result of accounting for any embedded derivatives created by the terms of such Indebtedness.

     

    Notwithstanding the above provisions, in no event shall the following constitute Indebtedness:

     

    (i)           Contingent Obligations incurred in the ordinary course of business or consistent with past practice, other than Guarantees or other assumptions of Indebtedness;

     

    (ii)          Cash Management Obligations;

     

    
      -31-

      
        

    

    (iii)         any lease, concession or license of property (or Guarantee thereof) which would be considered an operating lease under GAAP as in effect on January 1, 2015, Non-Financing Lease Obligations or any
      prepayments of deposits received from clients or customers in the ordinary course of business or consistent with past practice;

     

    (iv)         obligations under any license, permit or other approval (or Guarantees given in respect of such obligations) incurred prior to the Issue Date or in the ordinary course of business or consistent with past
      practice;

    

    

    (v)          in connection with the purchase by the Issuer or any Restricted Subsidiary of any business, any deferred or prepaid revenue, post-closing payment adjustments to which the seller may become entitled to the
      extent such payment is determined by a final closing balance sheet or such payment depends on the performance of such business after the closing; provided, however,
      that, at the time of closing, the amount of any such payment is not determinable and, to the extent such payment thereafter becomes fixed and determined, the amount is paid in a timely manner;

     

    (vi)         for the avoidance of doubt, any obligations in respect of workers’ compensation claims, early retirement or termination obligations, pension fund obligations or contributions or similar claims, obligations
      or contributions or social security or wage Taxes;

     

    (vii)        obligations under or in respect of Qualified Securitization Financing or Receivables Facilities;

     

    (viii)       Indebtedness of any Parent Entity appearing on the balance sheet of the Issuer solely by reason of push down accounting under GAAP;

     

    (ix)         Capital Stock (other than in the case of clause (6) above, Disqualified Stock or, with respect to any Restricted Subsidiary, any Preferred Stock (but excluding, in each case, any accrued dividend)); or

     

    (x)          amounts owed to dissenting stockholders (including in connection with, or as a result of, exercise of dissenters’ or appraisal rights and the settlement of any claims or action (whether actual, contingent or
      potential)), pursuant to or in connection with a consolidation, amalgamation, merger or transfer of assets that complies with Section 4.1.

     

    “Indenture” means this Indenture as amended or supplemented from time to time.

     

    “Independent Financial Advisor” means an accounting, appraisal, investment banking firm or consultant to Persons engaged in Similar Businesses of nationally recognized standing ; provided,

        however, that such firm or appraiser is not an Affiliate of the Issuer.

     

    “Initial Notes” has the meaning ascribed to it in the recitals of this Indenture.

     

    “Initial Purchasers” means Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC.

     

    “Intercompany License Agreement” means any cost sharing agreement, commission or royalty agreement, license or sublicense agreement, distribution agreement, services agreement, intellectual property rights
      transfer agreement, any related agreements or similar agreements, in each case where all parties to such agreement are one or more of the Issuer or a Restricted Subsidiary.

     

    “Internal Revenue Code” means the United States Internal Revenue Code of 1986, as amended.

     

    “Investment” means, with respect to any Person, all investments by such Person in other Persons (including Affiliates) in the form of advances, loans or other extensions of credit (excluding (i) accounts
      receivable, trade credit, advances or extensions of credit to customers, suppliers, future, present or former employees, directors, officers, managers, contractors, consultants or advisors (or their respective Controlled Investment Affiliates or
      Immediate Family Members) of any Person in the ordinary course of business or consistent with past practice, (ii) any debt or extension of credit represented by a bank deposit other than a time deposit, (iii) intercompany advances arising from cash
      management, tax and accounting operations and (iv) intercompany loans, advances or Indebtedness having a term not exceeding 364 days (inclusive of any roll-over or extensions of terms) or capital contribution to (by means of any transfer of cash or
      other property to others or any payment for property or services for the account or use of others), or the incurrence of a Guarantee of any obligation of, or any purchase or acquisition of Capital Stock, Indebtedness or other similar instruments
      issued by, such other Persons and all other items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP; provided, however,
      that endorsements of negotiable instruments and documents in the ordinary course of business or consistent with past practice will not be deemed to be an Investment.

     

    
      -32-

      
        

    

    For purposes of Section 3.3 and Section 3.17 hereof:

     

    (1)          “Investment” will include the portion (proportionate to the Issuer’s equity interest in a Restricted Subsidiary to be designated as an Unrestricted Subsidiary) of the fair market value of the net
      assets of such Restricted Subsidiary at the time that such Restricted Subsidiary is designated an Unrestricted Subsidiary; provided, however, that upon a
      redesignation of such Subsidiary as a Restricted Subsidiary, the Issuer will be deemed to continue to have a permanent “Investment” in an Unrestricted Subsidiary in an amount (if positive) equal to (a) the Issuer’s “Investment” in such Subsidiary at
      the time of such redesignation less (b) the portion (proportionate to the Issuer’s equity interest in such Subsidiary) of the fair market value of the net assets (as determined by the Issuer) of such Subsidiary at the time that such Subsidiary is so
      re-designated a Restricted Subsidiary;

     

    (2)          any property transferred to or from an Unrestricted Subsidiary will be valued at its fair market value at the time of such transfer, in each case as determined by the Issuer; and

     

    (3)          if the Issuer or any Restricted Subsidiary issues, sells or otherwise disposes of Capital Stock of a Person that is a Restricted Subsidiary such that, after giving effect thereto, such Person is no longer a
      Restricted Subsidiary, any investment by the Issuer or any Restricted Subsidiary in such Person remaining after giving effect thereto shall not be deemed to be an Investment at such time.

     

    The amount of any Investment outstanding at any time shall be the original cost of such Investment, reduced by any dividend, distribution, interest payment, return of capital, repayment or other amount received in cash
      and Cash Equivalents by the Issuer or a Restricted Subsidiary in respect of such Investment to the extent such amounts do not increase any other baskets under this Indenture.

     

    “Investment Grade Event” means (1) the Issuer has obtained a rating or, to the extent such Rating Agency will not provide a rating, an advisory or prospective rating from two of the Rating Agencies that reflects
      an Investment Grade Rating with respect to the Notes after giving effect to the proposed release of the Collateral securing the Notes; and (2) no Event of Default shall have occurred and be continuing with respect to the Notes.

     

    “Investment Grade Securities” means:

     

    (1)          securities issued or directly and fully Guaranteed or insured by the United States government or any agency or instrumentality thereof (other than Cash Equivalents);

     

    (2)          securities issued or directly and fully guaranteed or insured by the Canadian, United Kingdom or Japanese governments, a member state of the European Union, or any agency or instrumentality thereof (other
      than Cash Equivalents);

     

    (3)          debt securities or debt instruments with a rating of “BBB-” or higher from S&P or “Baa3” or higher by Moody’s or the equivalent of such rating by such rating organization or, if no rating of Moody’s or
      S&P then exists, the equivalent of such rating by any other Nationally Recognized Statistical Ratings Organization, but excluding any debt securities or instruments constituting loans or advances among the Issuer and its Subsidiaries;

     

    (4)          investments in any fund that invests exclusively in investments of the type described in clauses (1), (2) and (3) above which fund may also hold cash and Cash Equivalents pending investment or distribution;
      and

     

    (5)          corresponding instruments in countries other than the United States customarily utilized for high quality investments.

     

    “Investment Grade Status” shall occur when the Notes receive two of the following:

     

    (1)          a rating of “BBB-” or higher from S&P;

     

    (2)          a rating of “Baa3” or higher from Moody’s; or

     

    (3)          a rating of “BBB-” or higher from Fitch;

     

    or the equivalent of such rating by such rating organization or, if no rating of S&P, Moody’s or Fitch then exists, the equivalent of such rating by any other Nationally Recognized Statistical Ratings Organization.

     

    
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    “Issue Date” means October 8, 2020.

     

    “Issuer” means (a) prior to the Conversion Date, Frontier, and (b) from the Conversion Date, New Frontier Issuer if the Issuer elects to undertake the Corporate Reorganization, and otherwise Frontier, in each
      case, until a successor Person or Persons shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Issuer” shall mean such successor Person or Persons.

     

    “Junior Intercreditor Agreement” means the new Junior Lien Intercreditor and Subordination Agreement or the existing Junior Lien Intercreditor and Subordination Agreement dated as of March 19, 2018, as amended,
      amended and restated, supplemented, to be entered into by the Collateral Agent substantially concurrently with the Conversion Date and which may be amended (or further amended) from time to time to add other parties holding Additional First Lien
      Obligations and additional Junior Lien Obligations permitted to be incurred under this Indenture.

     

    “Junior Lien Priority” means Indebtedness that is secured by a Lien that is (a) junior in priority to the Liens on the Collateral securing the Notes and the Note Guarantees and (b) subject to the Junior
      Intercreditor Agreement. For the avoidance of doubt, more than one series or tranche of Junior Lien Obligations may be issued or incurred from time to time, and not all series or tranches of Junior Lien Obligations must necessarily rank pari passu with each other.

     

    “Junior Lien Collateral Agent” means, with respect to any series of Junior Lien Obligations, the trustee, administrative agent, collateral agent or other debt representative for such series of Junior Lien
      Obligations, or any successor agent or trustee as is designated under the Junior Lien Security Documents.

     

    “Junior Lien Documents” means, with respect to any series of Junior Lien Obligations, the notes, guarantees, indentures, security documents and other operative agreements evidencing or governing such Junior Lien
      Obligations, including each agreement entered into for the purpose of securing any series of Junior Lien Obligations, and including the Junior Lien Security Documents.

     

    “Junior Lien Obligations” means any Indebtedness and other Obligations that are secured by Liens on the Collateral ranking junior in priority to the Liens securing the Notes and the Note Guarantees, including
      without limitation all obligations under the Junior Lien Documents; provided, that the holders of such Indebtedness or their Junior Lien Representative shall become party to the
      Junior Intercreditor Agreement and any other applicable intercreditor agreements.

     

    “Junior Lien Representative” means any duly authorized representative of any holders of Junior Lien Obligations, which representative is named as such in the Junior Intercreditor Agreement or any joinder thereto.

     

    “Junior Lien Security Documents” means the Junior Intercreditor Agreement, the security documents granting a security interest in any assets of any Person to secure any Junior Lien Obligations, and each other
      agreement entered into in favor of any Junior Lien Collateral Agent for the purpose of securing any series of Junior Lien Obligations, as each may be amended, restated, supplemented or otherwise modified from time to time.

     

    “Junior Lien Secured Parties” means (i) the Secured Parties (as defined in the Prepetition Second Lien Notes Documents) and (ii) any Additional Junior Priority Secured Parties (as defined in the Junior
      Intercreditor Agreement).

     

    “Lien” means any mortgage, pledge, security interest, encumbrance, lien, hypothecation or charge of any kind (including any conditional sale or other title retention agreement or lease in the nature thereof); provided that in no event shall Non-Financing Lease Obligations be deemed to constitute a Lien.

     

    “Limited Condition Transaction” means (1) any Investment or acquisition (whether by merger, amalgamation, consolidation or other business combination or the acquisition of Capital Stock or otherwise and which may
      include, for the avoidance of doubt, a transaction that may constitute a Change of Control), whose consummation is not conditioned on the availability of, or on obtaining, third party financing, (2) any redemption, repurchase, defeasance,
      satisfaction and discharge or repayment of Indebtedness, Disqualified Stock or Preferred Stock requiring irrevocable notice in advance of such redemption, repurchase, defeasance, satisfaction and discharge or repayment, (3) any Restricted Payment
      requiring irrevocable notice in advance thereof and (4) any asset sale or a disposition excluded from the definition of “Asset Disposition.”

     

    
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    “LTM EBITDA” means Consolidated EBITDA of the Issuer measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which consolidated financial
      statements are available (which may be internal financial statements), in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are
      consistent with the pro forma adjustments set forth in the definition of “Consolidated Total Leverage Ratio.”

     

              “Long Derivative Instrument” means a Derivative Instrument (i) the value of which generally increases, and/or the payment or delivery obligations under which generally
      decrease, with positive changes to the Performance References and/or (ii) the value of which generally decreases, and/or the payment or delivery obligations under which generally increase, with negative changes to the Performance References.

     

    “Management Advances” means loans or advances made to, or Guarantees with respect to loans or advances made to, future, present or former employees, directors, officers, managers, contractors, consultants or
      advisors (or their respective Controlled Investment Affiliates or Immediate Family Members) of any Parent Entity, the Issuer or any Restricted Subsidiary:

     

    (1)          (a) in respect of travel, entertainment, relocation or moving related expenses, payroll advances and other analogous or similar expenses or payroll expenses, in each case incurred in the ordinary course of
      business or consistent with past practice or (b) for purposes of funding any such person’s purchase of Capital Stock (or similar obligations) of the Issuer, its Subsidiaries or any Parent Entity with (in the case of this clause (1)(b)) the approval
      of the Board of Directors of the Issuer;

     

    (2)          in respect of relocation or moving related expenses, payroll advances and other analogous or similar expenses or payroll expenses, in each case incurred in connection with any closing or consolidation of any
      facility or office; or

     

    (3)          not exceeding $25.0 million in the aggregate outstanding at the time of incurrence.

     

    “Market Capitalization” means an amount equal to (i) the total number of issued and outstanding shares of common Capital Stock of the Issuer or any Parent Entity on the date of the declaration of a Restricted
      Payment permitted pursuant to Section 3.3(b)(10) multiplied by (ii) the arithmetic mean of the closing prices per share of such common Capital Stock on the principal securities exchange on which such common Capital Stock are traded for the 30
      consecutive trading days immediately preceding the date of declaration of such Restricted Payment.

     

    “Moody’s” means Moody’s Investors Service, Inc. or any of its successors or assigns that is a Nationally Recognized Statistical Rating Organization.

     

    “Nationally Recognized Statistical Rating Organization” means a nationally recognized statistical rating organization within the meaning of Rule 436 under the Securities Act.

     

    “Net Available Cash” with respect to any Asset Disposition, means cash proceeds received (including any cash proceeds received from the sale or other disposition of any Designated Non-Cash Consideration received
      in any Asset Disposition, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to the properties or assets that are the subject
      of such Asset Disposition or received in any other non-cash form) therefrom, in each case net of:

     

    (1)          all legal, accounting, consulting, investment banking, survey costs, title and recording expenses, title insurance premiums, payments made in order to obtain a necessary consent or required by applicable
      law, brokerage and sales commissions, relocation expenses, commissions, premiums (including tender premiums), defeasance costs, underwriting discounts, fees, costs and expenses (including original issue discount, upfront fees or similar fees) in
      connection with such transaction;

     

    (2)          all Taxes paid, reasonably estimated to be payable, Tax reserves set aside or payable or accrued as a liability under GAAP (including, for the avoidance of doubt, any income, withholding and other Taxes
      payable as a result of the distribution or deemed distribution of such proceeds to the Issuer or any of its Subsidiaries, transfer taxes, deed or mortgage recording taxes and Taxes that would be payable in connection with any repatriation of such
      proceeds), as a consequence of such transaction, including distributions for Related Taxes or any transactions occurring or deemed to occur to effectuate a payment under this Indenture;

     

    
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    (3)          in the case of any Asset Disposition that does not constitute Collateral, all payments made on any Indebtedness which is secured by any assets subject to such transaction, in accordance with the terms of any
      Lien upon such assets, or which by applicable law is required to be repaid out of the proceeds from such transaction;

     

    (4)          all distributions and other payments required to be made to non-controlling interest or minority interest holders (other than any Parent Entity, the Issuer or any of its respective Subsidiaries) in
      Subsidiaries or joint ventures as a result of such transaction;

     

    (5)          all costs associated with unwinding any related Hedging Obligations in connection with such transaction;

     

    (6)          the deduction of appropriate amounts required to be provided by the seller as a reserve, in accordance with GAAP, against any liabilities associated with the assets disposed of in such transaction and
      retained by the Issuer or any Restricted Subsidiary after such transaction, including pension and other post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations associated with
      such transaction;

     

    (7)          any portion of the purchase price from such transaction placed in escrow, whether for the satisfaction of any indemnification obligations in respect of such transaction, as a reserve for adjustments to the
      purchase price associated with any such transaction or otherwise in connection with such transaction; and

     

    (8)          the amount of any liabilities (other than Indebtedness in respect of the Credit Agreement and the Notes) directly associated with such asset being sold and retained by the Issuer or any of its Restricted
      Subsidiaries.

     

    “Net Short” means, with respect to a Holder or beneficial owner, as of a date of determination, either (i) the value of its Short Derivative Instruments exceeds the sum of the (x) the value of its Notes plus (y)
      the value of its Long Derivative Instruments as of such date of determination or (ii) it is reasonably expected that such would have been the case were a Failure to Pay or Bankruptcy Credit Event (each as defined in the 2014 ISDA Credit Derivatives
      Definitions) to have occurred with respect to the Issuer or any Guarantor immediately prior to such date of determination.

     

              “New DIP Facilities” means the DIP Revolving Facility and the DIP to Term Exit Facility prior to the Conversion Date.

     

    “New Exit Facilities” means the Reinstated Term Loan Facility (if applicable), the DIP to Exit Term Facility and the Exit Revolving Facility after the Conversion Date.

     

    “Non-Applicable Secured Representative” means, at any time with respect to any Collateral, any Secured Representative that is not the Applicable Secured Representative at such time with respect to such Collateral.

     

    “Non-Financing Lease Obligation” means any other lease obligation that is not required to be accounted for as a financing or capital lease in accordance with GAAP.

     

    “Non-Guarantor” means any Restricted Subsidiary that is not a Guarantor.

     

    “Non-U.S. Person” means a Person who is not a U.S. Person (as defined in Regulation S).

     

    “Note Documents” means the Notes (including Additional Notes), the Note Guarantees, this Indenture and the Security Documents.

     

    “Note Guarantees” means the Guarantees of the Initial Notes and any Additional Notes.

     

    “Notes” has the meaning ascribed to it in the recitals of this Indenture.

     

    “Notes Custodian” means the custodian with respect to the Global Notes (as appointed by DTC) or any successor Person thereto, and shall initially be the Trustee.

     

    “Notes Secured Parties” means the Trustee, the Collateral Agent and the Holders of the Notes.

     

    “Obligations” means any principal, interest (including Post-Petition Interest and fees accruing on or after the filing of any petition in bankruptcy or for reorganization
      relating to the Issuer or any Guarantor whether or not a claim for Post-Petition Interest or fees is allowed in such proceedings), penalties, fees, expenses, indemnifications, reimbursements (including reimbursement obligations with respect to
      letters of credit and bankers’ acceptances), damages and other liabilities payable under the documentation governing any Indebtedness.

     

    
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    “Offering Circular” means the final offering circular dated October 1, 2020, relating to the offering by the Issuer of $1,150.0 million principal amount of its 5.875% First Lien Secured Notes due 2027.

     

    “Officer” means, with respect to any Person, (1) the Chairman of the Board of Directors, the Chief Executive Officer, the President, the Chief Financial Officer, any Vice President, the Treasurer, any Assistant
      Treasurer, any Managing Director, the Secretary or any Assistant Secretary (a) of such Person or (b) if such Person is owned or managed by a single entity, of such entity, or (2) any other individual designated as an “Officer” for the purposes of
      this Indenture by the Board of Directors of such Person.

     

    “Officer’s Certificate” means, with respect to any Person, a certificate signed by one Officer of such Person.

     

    “Opinion of Counsel” means a written opinion from legal counsel who is reasonably satisfactory to the Trustee. The counsel may be an employee of or counsel to the Issuer or its Subsidiaries.

     

    “Other Obligors” means the Guarantors and the Grantor.

     

    “Parent Entity” means any direct or indirect parent of the Issuer.

     

    “Parent Entity Expenses” means:

     

    (1)          fees, costs and expenses (including all legal, accounting and other professional fees, costs and expenses) incurred or paid by any Parent Entity in connection with reporting obligations under or otherwise
      incurred or paid in connection with compliance with applicable laws, rules or regulations of any governmental, regulatory or self-regulatory body or stock exchange, this Indenture or any other agreement or instrument relating to the Notes, the
      Guarantees or any other Indebtedness of the Issuer or any Restricted Subsidiary, including in respect of any reports filed or delivered with respect to the Securities Act, Exchange Act or the respective rules and regulations promulgated thereunder;

     

    (2)          customary salary, bonus, severance, indemnity, insurance (including premiums therefor) and other benefits payable to any employee, director, officer, manager, contractor, consultant or advisor of any Parent
      Entity or other Persons under its articles, charter, by-laws, partnership agreement or other organizational documents or pursuant to written agreements with any such Person to the extent relating to the Issuer and its Subsidiaries;

     

    (3)          (x) general corporate operating and overhead fees, costs and expenses, (including all legal, accounting and other professional fees, costs and expenses) and, following the first public offering of the
      Issuer’s Capital Stock or the Capital Stock of any Parent Entity, listing fees and other costs and expenses attributable to being a publicly traded company of any Parent Entity and (y) other operational expenses of any Parent Entity related to the
      ownership or operation of the business of the Issuer or any of the Restricted Subsidiaries;

     

    (4)          expenses incurred by any Parent Entity in connection with (i) any offering, sale, conversion or exchange of Capital Stock or Indebtedness (whether or not successful) and (ii) any related compensation paid to
      employees, directors, officers, managers, contractors, consultants or advisors (or their respective Controlled Investment Affiliates or Immediate Family Members) of such Parent Entity;

     

    (5)          amounts payable pursuant to any management services or similar agreements or the management services provisions in an investor rights agreement or other equityholders’ agreement not prohibited by Section 3.8
      (including any amendment thereto or replacement thereof so long as any such amendment or replacement is not materially disadvantageous in the reasonable determination of the Issuer to the Holders when taken as a whole, as compared to the management
      services or similar agreements as in effect immediately prior to such amendment or replacement), solely to the extent such amounts are not paid directly by the Issuer or its Subsidiaries; and

     

    (6)          amounts to finance Investments that would otherwise be permitted to be made pursuant to Section 3.3 hereof if made by the Issuer or a Restricted Subsidiary; provided,
      that (A) such Restricted Payment shall be made substantially concurrently with the closing of such Investment, (B) such Parent Entity shall, immediately following the closing thereof, cause (1) all property acquired (whether assets or Capital Stock)
      to be contributed to the capital of the Issuer or one of its Restricted Subsidiaries or (2) the merger, consolidation or amalgamation of the Person formed or acquired into the Issuer or one of its Restricted Subsidiaries (to the extent not prohibited
      by Section 4.1 hereof) in order to consummate such Investment, (C) such Parent Entity and its Affiliates (other than the Issuer or a Restricted Subsidiary) receives no consideration or other payment in connection with such transaction except
      to the extent the Issuer or a Restricted Subsidiary could have given such consideration or made such payment in compliance with this Indenture and such consideration or other payment is included as a Restricted Payment under this Indenture, (D) any
      property received by the Issuer shall not increase amounts available for Restricted Payments pursuant to Section 3.3(a)(ii) and (E) such Investment shall be deemed to be made by the Issuer or such Restricted Subsidiary pursuant to a provision
      of the covenant described in Section 3.3 or pursuant to the definition of “Permitted Investment.”

     

    
      -37-

      
        

    

    “Pari Passu Indebtedness” means Indebtedness of the Issuer which ranks equally in right of payment to the Notes or of any Guarantor if such Indebtedness ranks equally in right of payment to the Guarantees of the
      Notes (but without regard to control over remedies).

     

    “Pari Passu Lien Priority” means, relative to specified Indebtedness, having equal Lien priority on specified Collateral and subject to the Security Documents.

     

    “Paying Agent” means any Person authorized by the Issuer to pay the principal of (and premium, if any) or interest on any Note on behalf of the Issuer.

     

    “Permitted Asset Swap” means the concurrent purchase and sale or exchange of assets used or useful in a Similar Business or a combination of such assets and cash, Cash Equivalents between the Issuer or any of the
      Restricted Subsidiaries and another Person; provided that any cash or Cash Equivalents received in excess of the value of any cash or Cash Equivalents sold or exchanged must be applied in accordance with Section

        3.5 hereof.

     

    “Permitted Intercompany Activities” means any transactions between or among the Issuer and its Restricted Subsidiaries that are entered into in the ordinary course of business or consistent with past practice of
      the Issuer and its Restricted Subsidiaries and, in the reasonable determination of the Issuer are necessary or advisable in connection with the ownership or operation of the business of the Issuer and its Restricted Subsidiaries and not adverse to
      Holders of the Notes in any material respect (as reasonably determined by the Issuer in good faith) including (i) payroll, cash management, purchasing, insurance and hedging arrangements; (ii) management, technology and licensing arrangements; and
      (iii) customary loyalty and rewards programs; provided that any transactions between or among the Issuer and its Restricted Subsidiaries pursuant to the Plan shall be deemed to be a “Permitted Intercompany
      Activity”; provided further that in the event the Issuer undertakes the Staggered Emergence any transaction between or among the Issuer and its Restricted Subsidiaries, on the one hand, and any Designated Entity, on the other hand, shall be deemed to
      be a “Permitted Intercompany Activity” from the Conversion Date until the first date after the Conversion Date on which such Designated Entity is a Restricted Subsidiary of the Issuer to the extent such transaction is (1) entered into in the ordinary
      course of business or consistent with past practice of the Issuer and its Restricted Subsidiaries, on the one hand, and Designated Entities, on the other hand, or (2) are not adverse to Holders of the Notes in any material respect (as reasonably
      determined by the Issuer in good faith) including (i) payroll, cash management, purchasing, insurance and hedging arrangements; (ii) management, technology and licensing arrangements; and (iii) customary loyalty and rewards programs.

     

    “Permitted Investment” means (in each case, by the Issuer or any of the Restricted Subsidiaries):

     

    (1)          Investments in (a) a Restricted Subsidiary (including the Capital Stock of, or guarantees of obligations of, a Restricted Subsidiary) or the Issuer or (b) a Person (including the Capital Stock of any such
      Person) that will, upon the making of such Investment, become a Restricted Subsidiary;

     

    (2)          Investments in another Person if such Person is engaged, directly or through entities that will be Restricted Subsidiaries, in any Similar Business and as a result of such Investment such other Person, in
      one transaction or a series of transactions, is merged, amalgamated, consolidated or otherwise combined with or into, or transfers or conveys all or substantially all its assets (or such division, business unit, product line or business) to, or is
      liquidated into, the Issuer or a Restricted Subsidiary, and any Investment held by such Person; provided that such Investment was not acquired by such Person in contemplation of such acquisition, merger,
      amalgamation, consolidation, combination, transfer or conveyance;

     

    (3)          Investments in cash, Cash Equivalents or Investment Grade Securities;

     

    
      -38-

      
        

    

    (4)          Investments in receivables owing to the Issuer or any Restricted Subsidiary created or acquired in the ordinary course of business or consistent with past practice;

     

    (5)          Investments in payroll, travel, entertainment, relocation, moving related and similar advances that are made in the ordinary course of business or consistent with past practice;

     

    (6)          Management Advances;

     

    (7)          Investments (including debt obligations and equity interests) (a) received in settlement, compromise or resolution of debts created in the ordinary course of business or consistent with past practice, (b) in
      exchange for any other Investment or accounts receivable, endorsements for collection or deposit held by the Issuer or any such Restricted Subsidiary, (c) as a result of foreclosure, perfection or enforcement of any Lien, (d) in satisfaction of
      judgments or (e) pursuant to any plan of reorganization or similar arrangement including upon the bankruptcy or insolvency of a debtor or litigation, arbitration or other disputes or otherwise with respect to any secured Investment or other transfer
      of title with respect to any secured Investment in default;

     

    (8)          Investments made as a result of the receipt of promissory notes or other non-cash consideration (including earn-outs) from a sale or other disposition of property or assets, including an Asset Disposition;

     

    (9)          Investments existing or pursuant to binding commitments, agreements or arrangements in effect on the Issue Date and any modification, replacement, renewal, reinvestment or extension thereof; provided that the amount of any such Investment may not be increased except (i) as required by the terms of such Investment or binding commitment as in existence on the Issue Date (including in respect of any
      unused commitment), plus any accrued but unpaid interest (including any accretion of interest, original issue discount or the issuance of pay-in-kind securities) and premium payable by the terms of such Indebtedness thereon and fees and expenses
      associated therewith as of the Issue Date or (ii) as otherwise permitted under this Indenture;

     

    (10)        Hedging Obligations, which transactions or obligations not prohibited by Section 3.2 hereof;

     

    (11)        pledges or deposits with respect to leases or utilities provided to third parties in the ordinary course of business or Liens otherwise described in the definition of “Permitted Liens” or made in connection
      with Liens permitted under Section 3.6 hereof;

     

    (12)        any Investment to the extent made using Capital Stock of the Issuer (other than Disqualified Stock) or Capital Stock of any Parent Entity or any Unrestricted Subsidiary (other than an Unrestricted Subsidiary
      whose only material assets are cash and Cash Equivalents) as consideration;

     

    (13)        any transaction to the extent constituting an Investment that is permitted by and made in accordance with Section 3.8(b) hereof (except those described in Section 3.8(b)(1), (4), (8),
      (9) and (14));

     

    (14)        Investments consisting of (i) purchases or other acquisitions of inventory, supplies, materials, equipment and similar assets or (ii) licenses, sublicenses, cross-licenses, leases, subleases, assignments,
      contributions or other Investments of intellectual property or other intangibles or services in the ordinary course of business pursuant to any joint development, joint venture or marketing arrangements with other Persons or any Intercompany License
      Agreement and any other Investments made in connection therewith;

     

    (15)        (i) Guarantees of Indebtedness not prohibited by Section 3.2 hereof and (other than with respect to Indebtedness) guarantees, keepwells and similar arrangements in the ordinary course of business or
      consistent with past practice, and (ii) performance guarantees and Contingent Obligations with respect to obligations that are permitted by this Indenture;

     

    (16)        Investments consisting of earnest money deposits required in connection with a purchase agreement, or letter of intent, or other acquisitions to the extent not otherwise prohibited by this Indenture;

     

    (17)        Investments of a Restricted Subsidiary acquired after the Issue Date or of an entity merged or amalgamated into or consolidated with the Issuer or merged or amalgamated into or consolidated with a Restricted
      Subsidiary after the Issue Date to the extent that such Investments were not made in contemplation of or in connection with such acquisition, merger, amalgamation or consolidation and were in existence on the date of such acquisition, merger,
      amalgamation or consolidation;

     

    
      -39-

      
        

    

    (18)        any Investment in any Subsidiary or any joint venture in the ordinary course of business or consistent with past practice (including any cash management arrangements, cash pooling arrangements, intercompany
      loans or activities related thereto);

     

    (19)        contributions to a “rabbi” trust for the benefit of any employee, director, officer, manager, contractor, consultant, advisor or other service providers or other grantor trust subject to claims of creditors
      in the case of a bankruptcy of the Issuer, and Investments relating to non-qualified deferred payment plans in the ordinary course of business or consistent with past practice;

     

    (20)        after the Conversion Date, Investments in joint ventures and similar entities having an aggregate fair market value, when taken together with all other Investments made pursuant to this clause that are at the
      time outstanding, not to exceed the greater of $500.0 million and 17.5% of LTM EBITDA at the time of such Investment (with the fair market value of each Investment being measured at the time made and without giving effect to subsequent changes in
      value), plus the amount of any returns (including dividends, payments, interest, distributions, returns of principal, profits on sale, repayments, income and similar amounts) in respect of such Investments received by the Issuer or a Restricted
      Subsidiary (without duplication for purposes of Section 3.3 of any amounts applied pursuant to Section 3.3(a)(ii)) with the fair market value of each Investment being measured at the time made and without giving effect to subsequent
      changes in value; provided, however, that if any Investment pursuant to this clause is made in any Person that is not the Issuer or a Restricted Subsidiary at the date of the making of such Investment and such
      Person becomes the Issuer or a Restricted Subsidiary after such date, such Investment shall thereafter be deemed to have been made pursuant to clause (1) or (2) above and shall cease to have been made pursuant to this clause;

     

    (21)        additional Investments having an aggregate fair market value, taken together with all other Investments made pursuant to this clause that are at that time outstanding, not to exceed (x) prior to the
      Conversion Date, $750 million and (y) after the Conversion Date, the greater of $750.0 million and 27.5% of LTM EBITDA (with the fair market value of each Investment being measured at the time made and without giving effect to subsequent changes in
      value), plus the amount of any returns (including dividends, payments, interest, distributions, returns of principal, profits on sale, repayments, income and similar amounts) in respect of such Investments (without duplication for purposes of Section

        3.3 of any amounts applied pursuant to Section 3.3(a)(ii) with the fair market value of each Investment being measured at the time made and without giving effect to subsequent changes in value; provided,

        however, that if any Investment pursuant to this clause is made in any Person that is not the Issuer or a Restricted Subsidiary at the date of the making of such Investment and such Person becomes the Issuer or a Restricted Subsidiary after
      such date, such Investment shall thereafter be deemed to have been made pursuant to clause (1) or (2) above and shall cease to have been made pursuant to this clause;

     

    (22)        any Investment in a Similar Business having an aggregate fair market value, taken together with all other Investments made pursuant to this clause that are at that time outstanding, not to exceed (x) prior to
      the Conversion Date, $625 million and (y) after the Conversion Date, the greater of $625.0 million and 22.5% of LTM EBITDA (with the fair market value of each Investment being measured at the time made and without giving effect to subsequent changes
      in value), plus the amount of any returns (including dividends, payments, interest, distributions, returns of principal, profits on sale, repayments, income and similar amounts) in respect of such Investments (without duplication for purposes of Section

        3.3 of any amounts applied pursuant to Section 3.3(a)(ii)) with the fair market value of each Investment being measured at the time made and without giving effect to subsequent changes in value; provided,

        however, that if any Investment pursuant to this clause is made in any Person that is not the Issuer or a Restricted Subsidiary at the date of the making of such Investment and such Person becomes the Issuer or a Restricted Subsidiary after
      such date, such Investment shall thereafter be deemed to have been made pursuant to clause (1) or (2) above and shall cease to have been made pursuant to this clause;

     

    (23)        (i) Investments arising in connection with a Qualified Securitization Financing or Receivables Facility and (ii) distributions or payments of Securitization Fees and purchases of Securitization Assets or
      Receivables Assets in connection with a Qualified Securitization Financing or Receivables Facility;

     

    (24)        Investments in connection with the Transactions;

     

    (25)        repurchases of Notes;

     

    
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    (26)        Investments by an Unrestricted Subsidiary entered into prior to the day such Unrestricted Subsidiary is redesignated as a Restricted Subsidiary as described under Section 3.17;

     

    (27)        guaranty and indemnification obligations arising in connection with surety bonds issued in the ordinary course of business or consistent with past practice;

     

    (28)        Investments (a) consisting of purchases and acquisitions of assets or services in the ordinary course of business or consistent with past practice, (b) made in the ordinary course of business or consistent
      with past practice in connection with obtaining, maintaining or renewing client, franchisee and customer contacts and loans or (c) advances, loans, extensions of credit (including the creation of receivables) or prepayments made to, and guarantees
      with respect to obligations of, franchisees, distributors, suppliers, lessors, licensors and licensees in the ordinary course of business or consistent with past practice;

     

    (29)        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 or consistent with past practice;

     

    (30)        Investments consisting of UCC Article 3 endorsements for collection or deposit and Article 4 trade arrangements with customers (or any comparable or similar provisions in other applicable jurisdictions) in
      the ordinary course of business or consistent with past practices;

     

    (31)        non-cash Investments in connection with tax planning and reorganization activities, and Investments in connection with Permitted Intercompany Activities, a Permitted Tax Restructuring and related
      transactions;

     

    (32)        Investments made from casualty insurance proceeds in connection with the replacement, substitution, restoration or repair of assets on account of a Casualty Event;

     

    (33)        any other Investment after the Conversion Date, so long as, (i) no Event of Default has occurred and is continuing (or would result therefrom), and (ii) immediately after giving pro forma effect to the
      Investment and the incurrence of any Indebtedness the net proceeds of which are used to make such Investment, the Consolidated First Lien Secured Leverage Ratio shall be no greater than 1.00 to 1.00;

     

    (34)        after the Conversion Date, Investments in Unrestricted Subsidiaries having an aggregate fair market value, when taken together with all other Investments made pursuant to this clause that are at the time
      outstanding, not to exceed the greater of $500.0 million and 17.5% of LTM EBITDA at the time of such Investment (with the fair market value of each Investment being measured at the time made and without giving effect to subsequent changes in value),
      plus the amount of any returns (including dividends, payments, interest, distributions, returns of principal, profits on sale, repayments, income and similar amounts) in respect of such Investments received by the Issuer or a Restricted Subsidiary
      (without duplication for purposes of the covenant described in Section 3.3 of any amounts applied pursuant to Section 3.3(a)(ii)) with the fair market value of each Investment being measured at the time made and without giving effect to
      subsequent changes in value; provided, however, that if any Investment pursuant to this clause is made in any Person that is not the Issuer or a Restricted Subsidiary at the date of the making of such
      Investment and such person becomes the Issuer or a Restricted Subsidiary after such date, such Investment shall thereafter be deemed to have been made pursuant to clause (1) or (2) above and shall cease to have been made pursuant to this clause;

     

    (35)        any Plan Contribution; and

     

    (36)        deposits or payments made with the FCC in connection with the auction or licensing of any permit, license, authorization, plan, directive, consent, permission, consent order or consent decree of or from any
      Governmental Authority.

     

    “Permitted Liens” means, with respect to any Person:

     

    (1)          Liens on assets or property of a Restricted Subsidiary that is not a Guarantor securing Indebtedness and other Obligations of any Restricted Subsidiary that is not a Guarantor;

     

    
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    (2)          pledges, deposits (including deposits with the FCC) or Liens (a) in connection with workmen’s compensation laws, payroll taxes, unemployment insurance laws, employers’ health tax and other social security
      laws or similar legislation or other insurance related obligations (including in respect of deductibles, self-insured retention amounts and premiums and adjustments thereto), (b) securing liability, reimbursement or indemnification obligations of
      (including obligations in respect of letters of credit or bank guarantees or similar instruments) for the benefit of insurance carriers under insurance or self-insurance arrangements or otherwise supporting the payments of items set forth in the
      foregoing clause (a), or (c) in connection with bids, tenders, completion guarantees, contracts, leases, utilities, licenses, public or statutory obligations, or to secure the performance of bids, trade contracts, government contracts and leases,
      statutory obligations, surety, stay, indemnity, warranty, release, judgment, customs, appeal, performance bonds, guarantees of government contracts, return of money bonds, bankers’ acceptance facilities and obligations of a similar nature (including
      those to secure health, safety and environmental obligations), and obligations in respect of letters of credit, bank guarantees or similar instruments that have been posted to support the same, or as security for contested taxes or import or customs
      duties or for the payment of rent, or other obligations of like nature, in each case incurred in the ordinary course of business or consistent with past practice;

     

    (3)          Liens with respect to outstanding motor vehicle fines and Liens imposed by law or regulation, including carriers’, warehousemen’s, mechanics’, landlords’, suppliers’, materialmen’s, repairmen’s, architects’,
      construction contractors’ or other similar Liens, in each case for amounts not overdue for a period of more than 60 days or, if more than 60 days overdue, are unfiled (or if filed, have not been discharged or stayed) and no other action has been
      taken to enforce such Liens or that are being contested in good faith by appropriate proceedings;

     

    (4)          Liens for Taxes, assessments or other governmental charges that are not overdue and payable for a period of more than 60 days or not yet payable or subject to penalties for nonpayment or that are being
      contested in good faith by appropriate proceedings or the nonpayment of which is permitted by applicable bankruptcy law; provided that appropriate reserves required pursuant to GAAP (or other applicable
      accounting principles) have been made in respect thereof, or for property Taxes on property of the Issuer or one of its Subsidiaries has determined to abandon if the sole recourse for such Tax is to such property;

     

    (5)         encumbrances, charges, ground leases, easements (including reciprocal easement agreements), survey exceptions, restrictions, encroachments, protrusions, by-law, regulation, zoning restrictions or reservations
      of, or rights of others for, licenses, rights of way, servitudes, sewers, electric lines, drains, telegraph, telephone and cable television lines and other similar purposes, or zoning, building codes or other restrictions (including minor defects and
      irregularities in title and similar encumbrances) as to the use of real properties, exceptions on title policies insuring Liens granted on any mortgaged properties or any other collateral or Liens incidental to the conduct of the business of such
      Person or to the ownership of its properties, including servicing agreements, development agreements, site plan agreements, subdivision agreements, facilities sharing agreements, cost sharing agreements and other similar agreements, charges or
      encumbrances, which do not in the aggregate materially interfere with the ordinary course conduct of the business of the Issuer and its Restricted Subsidiaries, taken as a whole;

     

    (6)          Liens (a) securing Hedging Obligations, Cash Management Obligations and the costs thereof; (b) that are rights of set-off, rights of pledge or other bankers’ Liens (i) relating to treasury, depository and
      cash management services or any automated clearing house transfers of funds in the ordinary course of business or consistent with past practice, (ii) relating to pooled deposit or sweep accounts to permit satisfaction of overdraft or similar
      obligations incurred in the ordinary course of business of the Issuer or any Subsidiary or consistent with past practice or (iii) relating to purchase orders and other agreements entered into with customers of the Issuer or any Restricted Subsidiary
      in the ordinary course of business or consistent with past practice; (c) on cash accounts securing Indebtedness and other Obligations permitted to be incurred under Section 3.2(b)(8)(e) with financial institutions; (d) encumbering reasonable
      customary initial deposits and margin deposits and similar Liens attaching to commodity trading accounts or other brokerage accounts incurred in the ordinary course of business or consistent with past practice and not for speculative purposes; and
      (e) (i) of a collection bank arising under Section 4-210 of the UCC or any comparable or successor provision on items in the course of collection and (ii) in favor of a banking or other financial institution or electronic payment service providers
      arising as a matter of law encumbering deposits (including the right of set-off) arising in the ordinary course of business in connection with the maintenance of such accounts and (iii) arising under customary general terms and conditions of the
      account bank in relation to any bank account maintained with such bank and attaching only to such account and the products and proceeds thereof, which Liens, in any event, do not secure any Indebtedness;

     

    
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    (7)          leases, licenses, subleases and sublicenses of assets (including real property, intellectual property, software and other technology rights), in each case entered into in the ordinary course of business,
      consistent with past practice or, with respect to intellectual property, software and other technology rights, that are not material to the conduct of the business of the Issuer and its Restricted Subsidiaries, taken as a whole;

     

    (8)          Liens securing or otherwise arising out of judgments, decrees, attachments, orders or awards not giving rise to an Event of Default under Section 6.1(a)(5) or (8);

     

    (9)          Liens (a) securing Capitalized Lease Obligations, or Purchase Money Obligations, or securing the payment of all or a part of the purchase price of, or securing Indebtedness or other Obligations incurred to
      finance or refinance the acquisition, improvement or construction of, assets or property acquired or constructed in the ordinary course of business; provided that (i) the aggregate principal amount of
      Indebtedness secured by such Liens is otherwise permitted to be incurred under this Indenture and (ii) any such Liens may not extend to any assets or property of the Issuer or any Restricted Subsidiary other than assets and property affixed or
      appurtenant thereto and accessions, additions, improvements, proceeds, dividends or distributions thereof, including after-acquired property that is (A) affixed or incorporated into the property or assets covered by such Lien, (B) after-acquired
      property or assets subject to a Lien securing such Indebtedness, the terms of which Indebtedness require or include a pledge of after-acquired property or assets and (C) the proceeds and products thereof and (b) any interest or title of a lessor,
      sublessor, franchisor, licensor or sublicensor or secured by a lessor’s, sublessor’s, franchisor’s, licensor’s or sublicensor’s interest under any Capitalized Lease Obligations or Non-Financing Lease Obligations;

     

    (10)        Liens arising from UCC financing statements, including precautionary financing statements (or similar filings) regarding operating leases or consignments entered into by the Issuer and its Restricted
      Subsidiaries;

     

    (11)        Liens existing on the Issue Date, including any Liens securing any Refinancing Indebtedness of any Indebtedness secured by such Liens (but excluding Liens securing the Credit Agreement, the Notes (including
      any Additional Notes), the Prepetition Second Lien Notes, the Subsidiary Notes and, in each case, any Guarantees thereof and Refinancing Indebtedness in respect thereof);

     

    (12)        Liens on property, other assets or shares of stock of a Person at the time such Person becomes a Subsidiary (or at the time the Issuer or a Subsidiary acquires such property, other assets or shares of stock,
      including any acquisition by means of a merger, amalgamation, consolidation or other business combination transaction with or into the Issuer or any Restricted Subsidiary); provided, however, that such Liens are not created in anticipation of such other Person becoming a Subsidiary (or such acquisition of such property, other assets or stock); provided, further, that such Liens are limited to all or part of the same property, other assets or stock (plus property and assets affixed or appurtenant thereto and additions, improvements, accessions, proceeds, dividends
      or distributions thereof, including after-acquired property that is (i) affixed or incorporated into the property or assets covered by such Lien, (ii) after-acquired property or assets subject to a Lien securing such Indebtedness, the terms of which
      Indebtedness require or include a pledge of after-acquired property or assets and (iii) the proceeds and products thereof) that secured (or, under the written arrangements under which such Liens arose, could secure) the Obligations relating to any
      Indebtedness or other obligations to which such Liens relate;

     

    (13)        Liens securing Obligations relating to any Indebtedness or other obligations of the Issuer or a Restricted Subsidiary owing to the Issuer or another Restricted Subsidiary, or Liens in favor of the Issuer or
      any Restricted Subsidiary or the Trustee;

     

    (14)        Liens securing Refinancing Indebtedness incurred to refinance Indebtedness that was previously secured immediately prior to such refinancing, and permitted to be so secured under this Indenture; provided that any such Lien is (A) equal or junior in priority to the Liens securing the Indebtedness or other obligations being refinanced, and (B) limited to all or part of the same property or assets (plus
      property and assets affixed or appurtenant thereto and additions, improvements, accessions, proceeds, dividends or distributions thereof, including after-acquired property that is (i) affixed or incorporated into the property or assets covered by
      such Lien, (ii) after-acquired property or assets subject to a Lien securing such Indebtedness, the terms of which Indebtedness require or include a pledge of after-acquired property or assets and (iii) the proceeds and products thereof) that secured
      (or, under the written arrangements under which the original Lien arose, could secure) the Obligations relating to the Indebtedness or other obligations being refinanced or is in respect of property or assets that is or could be the security for or
      subject to a Permitted Lien hereunder;

     

    
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    (15)        (a) mortgages, liens, security interests, restrictions, encumbrances or any other matters of record that have been placed by any government, statutory or regulatory authority, developer, landlord or other
      third party on property over which the Issuer or any Restricted Subsidiary has easement rights or on any leased property and subordination or similar arrangements relating thereto and (b) any condemnation or eminent domain proceedings affecting any
      real property;

     

    (16)        any encumbrance or restriction (including put and call arrangements) with respect to Capital Stock of any joint venture or similar arrangement pursuant to any joint venture secured financing agreement, joint
      venture or similar agreement;

     

    (17)        Liens on property or assets under construction (and related rights) in favor of a contractor or developer or arising from progress or partial payments by a third party relating to such property or assets;

     

    (18)        Liens arising out of conditional sale, title retention, hire purchase, consignment or similar arrangements for the sale or purchase of goods entered into in the ordinary course of business or consistent with
      past practice;

     

    (19)        Liens on the Collateral securing Indebtedness and other Obligations in respect of (a) Credit Facilities, including any letter of credit facility relating thereto, under Section 3.2(b)(1) (other than
      any Additional Notes) pursuant to Section 3.2(b)(4)(a) and the related Guarantees, (c) the Subsidiary Notes incurred pursuant to Section 3.2(b)(4)(e) and any Refinancing Indebtedness with respect thereto, and may rank, at the option
      of the Issuer, either equal in priority or junior in priority to the Liens on the Collateral securing the Notes, and (d) obligations of the Issuer or any Subsidiary in respect of any Cash Management Obligation or Hedging Obligation provided by any
      lender party to any Credit Facility or Affiliate of such lender (or any Person that was a lender or an Affiliate of a lender at the time the applicable agreements in respect of such Cash Management Obligation or Hedging Obligation were entered into);
      provided, in the case of clauses (a), (c) and (d) above, that an authorized representative of the holders of such Indebtedness shall have executed a joinder to the DIP Security Documents or the Exit Security Documents, as applicable, without the need
      for any other party to execute such joinder for such authorized representative to become party to the DIP Security Documents or the Exit Security Documents, as applicable;

     

    (20)        Liens securing Indebtedness and other Obligations under Section 3.2(b)(5); provided that such Liens shall only be permitted if such Liens are limited to all
      or part of the same property or assets, including Capital Stock (plus property and assets affixed or appurtenant thereto and additions, improvements, accessions, proceeds, dividends or distributions thereof, including after-acquired property that is
      (i) affixed or incorporated into the property or assets covered by such Lien, (ii) after-acquired property or assets subject to a Lien securing such Indebtedness, the terms of which Indebtedness require or include a pledge of after-acquired property
      or assets and (iii) the proceeds and products thereof) acquired, or of any Person acquired or merged, consolidated or amalgamated with or into the Issuer or any Restricted Subsidiary, in any transaction to which such Indebtedness or other Obligation
      relates;

     

    (21)        Liens securing Indebtedness and other Obligations under Section 3.2(b)(7), (11) or (17) (provided that, (x) in the case of clauses (7) and (17), the related Indebtedness represented by
      such Capitalized Lease Obligations, Purchase Money Obligations or other obligations shall not be secured by any property, equipment or assets of the Issuer or any Restricted Subsidiary other than the property, equipment or assets so acquired, leased,
      expanded, constructed, installed, replaced, repaired or improved and any proceeds therefrom and other than assets and property affixed or appurtenant thereto and accessions, additions, improvements, proceeds, dividends or distributions thereof,
      including after-acquired property that is (i) affixed or incorporated into the property or assets covered by such Lien, (ii) after-acquired property or assets subject to a Lien securing such Indebtedness, the terms of which Indebtedness require or
      include a pledge of after-acquired property or assets, (iii) the proceeds and products thereof and (iv) in the case of clause (7)(ii), such Liens cover only that assets subject to such Sale and Leaseback Transactions, and (y) in the case of
      clause (11), such Liens cover only the assets of such Subsidiary) under Section 3.2(b);

     

    (22)        Liens existing on the Issue Date securing the Subsidiary Notes;

     

    (23)        Liens on Capital Stock or other securities or assets of any Unrestricted Subsidiary that secure Indebtedness or other obligations of such Unrestricted Subsidiary;

     

    
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    (24)        Liens deemed to exist in connection with Investments permitted under clause (4) of the definition of “Cash Equivalents”;

     

    (25)        Liens on (i) goods the purchase price of which is financed by a documentary letter of credit issued for the account of the Issuer or any Subsidiary or Liens on bills of lading, drafts or other documents of
      title arising by operation of law or pursuant to the standard terms of agreements relating to letters of credit, bank guarantees and other similar instruments and (ii) specific items of inventory or other goods and proceeds of any Person securing
      such Person’s obligations in respect of bankers’ acceptances or documentary letters of credit issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods;

     

    (26)        Liens on vehicles or equipment of the Issuer or any Restricted Subsidiary in the ordinary course of business or consistent with past practice;

     

    (27)        Liens on assets or securities deemed to arise in connection with and solely as a result of the execution, delivery or performance of contracts to sell such assets or securities if such sale is otherwise
      permitted by this Indenture;

     

    (28)        (a) Liens on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto, and (b) Liens, pledges, deposits made or other security provided to secure liabilities to,
      or indemnification obligations of (including obligations in respect of letters of credit or bank guarantees for the benefits of), insurance carriers in the ordinary course of business or consistent with past practice;

     

    (29)        Liens solely on any cash earnest money deposits made in connection with any letter of intent or purchase agreement permitted under this Indenture;

     

    (30)        Liens (i) on cash advances or escrow deposits in favor of the seller of any property to be acquired in an Investment permitted under this Indenture to be applied against the purchase price for such Investment
      or otherwise in connection with any escrow arrangements with respect to any such Investment (including any letter of intent or purchase agreement with respect to such Investment), and (ii) consisting of an agreement to sell, transfer, lease or
      otherwise dispose of any property in an asset sale, in each case, solely to the extent such Investment or sale, transfer, lease or other disposition, as the case may be, would have been permitted on the date of the creation of such Lien;

     

    (31)        Liens securing Indebtedness and other Obligations in an aggregate principal amount not to exceed, (x) prior to the Conversion Date, $100.0 million at the time incurred and (y) after the Conversion Date, the
      greater of (a) $500.0 million and (b) 17.5% of LTM EBITDA at the time incurred;

     

    (32)        Liens then existing with respect to assets of an Unrestricted Subsidiary on the day such Unrestricted Subsidiary is redesignated as a Restricted Subsidiary pursuant to Section 3.17; provided, that such Liens do not extend to any assets of the Issuer or its Restricted Subsidiaries other than those of such Unrestricted Subsidiaries;

     

    (33)        Liens on the Collateral securing Indebtedness constituting Additional First Lien Obligations permitted under Section 3.2; provided that with respect to liens
      securing such Indebtedness or other Obligations permitted under this clause, at the time of incurrence and after giving pro forma effect thereto, the Consolidated First Lien Secured Leverage Ratio would be no greater than 1.35 to 1.00;

     

    (34)        Liens deemed to exist in connection with Investments in repurchase agreements permitted by the covenant described under Section 3.2; provided that such Liens
      do not extend to any assets other than those that are the subject of such repurchase agreement;

     

    (35)        Liens arising in connection with a Qualified Securitization Financing or a Receivables Facility;

     

    (36)        Settlement Liens;

     

    (37)        rights of recapture of unused real property in favor of the seller of such property set forth in customary purchase agreements and related arrangements with any government, statutory or regulatory authority;

     

    (38)        the rights reserved to or vested in any Person or government, statutory or regulatory authority by the terms of any lease, license, franchise, grant or permit held by the Issuer or any Restricted Subsidiary
      or by a statutory provision, to terminate any such lease, license, franchise, grant or permit, or to require annual or periodic payments as a condition to the continuance thereof;

     

    
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    (39)        restrictive covenants affecting the use to which real property may be put and Liens or covenants restricting or prohibiting access to or from lands abutting on controlled access highways or covenants
      affecting the use to which lands may be put; provided that such Liens or covenants do not interfere with the ordinary conduct of the business of the Issuer or any Restricted Subsidiary;

     

    (40)        Liens on property, assets or Permitted Investments used to defease or to satisfy or discharge Indebtedness; provided that such defeasance, satisfaction or discharge
      is not prohibited by this Indenture;

     

    (41)        Liens relating to escrow arrangements securing Indebtedness, including (i) Liens on escrowed proceeds from the issuance of Indebtedness for the benefit of the related holders of debt securities or other
      Indebtedness (or the underwriters, arrangers, trustee or collateral agent thereof) and (ii) Liens on cash or Cash Equivalents set aside at the time of the incurrence of any Indebtedness, in either case to the extent such cash or Cash Equivalents
      prefund the payment of interest or premium or discount on such Indebtedness (or any costs related to the issuance of such Indebtedness) and are held in an escrow account or similar arrangement to be applied for such purpose;

     

    (42)        with respect to any Foreign Subsidiary, other Liens and privileges arising mandatorily by law under the jurisdiction of incorporation of such Foreign Subsidiary;

     

    (43)        Liens arising in connection with any Permitted Intercompany Activities (but excluding any Liens arising in connection with any transaction pursuant to the Plan, including, without limitation, any Liens
      securing the Credit Agreement, the Notes and any Additional Notes, the Prepetition Second Lien Notes, the Subsidiary Notes and, in each case, any Guarantees thereof and Refinancing Indebtedness in respect thereof) and Permitted Tax Restructuring;

     

    (44)        Liens securing any letter of credit facility or similar facility of the Issuer or any of its Subsidiaries in an aggregate principal amount outstanding at any time not to exceed $75 million, so long as either
      (i) such Liens equally and ratably secure the notes pursuant to documentation in form and substance reasonably satisfactory to the Collateral Agent or (ii) on or prior to the date 90 days after the Issue Date, such Liens are on cash collateral
      provided to the issuer or lender under such letter of credit facility; and

     

    (45)        Liens securing Indebtedness of the Issuer or any Restricted Subsidiary to the Rural Electrification Administration or the Rural Utilities Service (or any successor to any such agency) in an aggregate
      principal amount outstanding at any time not to exceed $50.0 million.

     

    In the event that a Permitted Lien meets the criteria of more than one of the types of Permitted Liens (at the time of incurrence or at a later date), the Issuer in its sole discretion may divide, classify or from time
      to time reclassify all or any portion of such Permitted Lien in any manner that complies with this Indenture and such Permitted Lien shall be treated as having been made pursuant only to the clause or clauses of the definition of Permitted Lien to
      which such Permitted Lien has been classified or reclassified.

     

    “Permitted Plan” means any employee benefits plan of the Issuer or any of its Affiliates and any Person acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan.

     

    “Permitted Tax Amount” means (a) with respect to any taxable year (or portion thereof) in which the Issuer or any Subsidiary is a member (or a disregarded entity of a member) of a group filing a consolidated,
      combined, group, affiliated or unitary tax return with any Parent Entity or Subsidiary of a Parent Entity (or in which the Issuer is a disregarded entity wholly owned, directly or indirectly, by a corporate Parent Entity), any dividends or other
      distributions to fund any income or similar Taxes for such taxable year (or portion thereof) for which such Parent Entity or Subsidiary is liable up to an amount not to exceed the amount of any such Taxes that the Issuer and/or its applicable
      Subsidiaries would have been required to pay for such taxable year (or portion thereof) if the Issuer and/or its applicable Subsidiaries had paid such Taxes on a separate company basis, or a consolidated, combined, group, affiliated or unitary basis
      on behalf of an affiliated group consisting only of the Issuer and such Subsidiaries, for all relevant taxable periods; or (b) for any taxable year (or portion thereof) ending after the Conversion Date for which the Issuer is treated as a disregarded
      entity, partnership, or other flow-through entity for U.S. federal, state, provincial, territorial, and/or local income Tax purposes, the payment of dividends or other distributions to the direct or indirect owner or owners of equity of the Issuer in
      an aggregate amount equal to the product of (i) the aggregate net taxable income of the Issuer and its Subsidiaries allocated to such owners for U.S. federal income tax purposes for such taxable year (or portion thereof) and (ii) the highest combined
      marginal federal, state and/or local income tax rate applicable to a corporation residing in California or New York, New York (whichever is higher for the relevant taxable year or portion thereof).

     

    
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    “Permitted Tax Restructuring” means any reorganizations and other activities related to Tax planning and reorganization entered into prior to, on or after the date hereof (including the Transactions) so long as
      such Permitted Tax Restructuring is not adverse to the holders of the Notes in any material respect (as reasonably determined by the Issuer in good faith); provided that the Transactions shall not be
      considered adverse to the Holders, in any material respect.

     

    “Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, limited liability company, government or any agency or political
      subdivision thereof or any other entity.

     

    “Plan” means the Fifth Amended Joint Chapter 11 Plan of Reorganization of Frontier Communications Corporation and Its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code, filed August 21, 2020, and
      confirmed on August 27, 2020, in the form attached to the Confirmation Order, together with any amendments, supplements, or modifications thereto after the date of the Offering Circular that are not, taken together, materially adverse to the Holders
      of the Notes (as determined in good faith by the Issuer), provided that any such amendment, supplement or modification solely to permit the Staggered Emergence shall be deemed not to be materially adverse to
      the Holders of the Notes.

     

    “Plan Contribution” means the contribution of real property to the Issuer’s defined benefit pension plan (or any successor plan) in existence on the Issue Date in lieu of all or any portion of any required cash
      contributions to such pension plan, including by way of a Sale and Leaseback Transaction, in a manner consistent with past practice.

     

    “Pledged Entity” means any Subsidiary whose issued and outstanding equity interests are pledged pursuant to the DIP Pledge Agreement or the Exit Pledge Agreement, as applicable. As of the Issue Date, the Pledged
      Entities are Citizens Telecommunications Company of Tennessee L.L.C., a Delaware limited liability company, Citizens Telecommunications Company of Utah, a Delaware corporation, Frontier Communications of Wisconsin LLC, a Wisconsin limited liability
      company, Frontier Iowa, an Iowa limited liability company, Frontier Florida LLC, a Florida limited liability company, Frontier Southwest Incorporated, a Delaware corporation, Citizens NEWTEL, LLC, a Delaware limited liability company, Citizens
      Telecommunications Company of California Inc., a California corporation, Citizens Telecommunications Company of Illinois, an Illinois corporation, Commonwealth Telephone Enterprises, LLC, a Delaware limited liability company, Frontier Communications
      ILEC Holdings LLC, a Delaware limited liability company, Frontier Subsidiary Telco LLC, a Delaware limited liability company, Newco West Holdings LLC, a Delaware limited liability company, and The Southern New England Telephone Company, a Connecticut
      corporation.

     

    “Post-Petition Interest” means any interest or entitlement to fees or expenses or other charges that accrue after the commencement of any bankruptcy or insolvency proceeding, whether or not allowed or allowable as
      a claim in any such bankruptcy or insolvency proceeding.

     

    “Predecessor Note” of any particular Note means every previous Note evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the purposes of this definition, any Note
      authenticated and delivered under Section 2.11 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Note shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Note.

     

    “Prepetition Credit Agreement” means that certain First Amended and Restated Credit Agreement, dated as of February 27, 2017 (as amended, restated, amended and restated, supplemented or otherwise modified from
      time to time), by and among the Company, as borrower, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent and the financial institutions and other persons or entities party thereto as lenders.

     

    “Preferred Stock” as applied to the Capital Stock of any Person, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends or as to the distribution of
      assets upon any voluntary or involuntary liquidation or dissolution of such Person, over shares of Capital Stock of any other class of such Person.

     

    
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    “Prepetition Second Lien Notes” means the 8.500% Second Lien Secured Notes due 2026 issued under that certain Indenture, dated March 19, 2018 (as amended, restated, amended and restated, supplemented or otherwise
      modified from time to time, the “Prepetition Second Lien Notes Indenture”), by and among the Issuer, the guarantors party thereto, Wilmington Savings Fund Society, FSB (as successor to The Bank of New York Mellon), as trustee and collateral
      agent outstanding on the Issue Date. The Prepetition Second Lien Notes and any guarantees thereof shall not constitute Subordinated Indebtedness for any purpose under this Indenture.

     

    “Prepetition Second Lien Notes Documents” means the Prepetition Second Lien Notes Indenture and each of the other agreements, documents and instruments providing for or evidencing any other Prepetition Second Lien
      Notes Obligation under the Prepetition Second Lien Notes and any other document or instrument executed or delivered at any time in connection with any Prepetition Second Lien Notes Obligations under the Prepetition Second Lien Notes (including any
      intercreditor or joinder agreement among holders of Junior Lien Obligations), to the extent such are effective at the relevant time, as each may be amended, extended, renewed, restated, refunded, replaced, refinanced, supplemented, modified or
      otherwise changed from time to time.

     

    “Prepetition Second Lien Notes Obligations” means (i) any and all amounts payable under or in respect of the Prepetition Second Lien Notes and the other Prepetition Second Lien Notes Documents as amended,
      restated, supplemented, waived, replaced, restructured, repaid, refunded, refinanced or otherwise modified from time to time (including after termination of the Prepetition Second Lien Notes), including principal, premium (if any), interest
      (including Post-Petition Interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Issuer, whether or not a claim for Post-Petition Interest is allowed or allowable in such proceedings), fees,
      charges, expenses, reimbursement obligations, guarantees and all other amounts payable thereunder or in respect thereof.

     

    “Prepetition Term Facility” means the term loan facility of the Issuer reinstated under the Exit Restated Credit Agreement upon the Conversion Date.

     

    “Prepetition Term Agent” means the administrative agent for the lenders and other secured parties with respect to the Prepetition Term Facility under the Exit Restated Credit Agreement, together with its
      successors and permitted assigns in such capacity under the Exit Restated Credit Agreement.

     

    “Proceeds” has the meaning set forth in the applicable Security Agreement.

     

    “Public Company Costs” means, as to any Person, costs associated with, or in anticipation of, or preparation for, compliance with the requirements of the Sarbanes-Oxley Act of 2002 and the rules and regulations
      promulgated in connection therewith and costs relating to compliance with the provisions of the Securities Act and the Exchange Act or any other comparable body of laws, rules or regulations, as companies with listed equity, directors’ compensation,
      fees and expense reimbursement, costs relating to enhanced accounting functions and investor relations, stockholder meetings and reports to stockholders, directors’ and officers’ insurance and other executive costs, legal and other professional fees,
      listing fees and other transaction costs, in each case to the extent arising solely by virtue of the listing of such Person’s equity securities on a national securities exchange or issuance of public debt securities.

     

    “Purchase Money Obligations” means any Indebtedness incurred to finance or refinance the acquisition, leasing, expansion, construction, installation, replacement, repair or improvement of property (real or
      personal), equipment or assets (including Capital Stock), and whether acquired through the direct acquisition of such property or assets, or the acquisition of the Capital Stock of any Person owning such property or assets, or otherwise.

     

    “QIB” means any “qualified institutional buyer” as such term is defined in Rule 144A.

     

    “Qualified Securitization Financing” means any Securitization Facility that meets the following conditions: (i) the Board of Directors shall have determined in good faith that such Securitization Facility
      (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Issuer and its Restricted Subsidiaries, (ii) all sales of Securitization Assets and related assets by the
      Issuer or any Restricted Subsidiary to the Securitization Subsidiary or any other Person are made for fair consideration (as determined in good faith by the Issuer) and (iii) the financing terms, covenants, termination events and other provisions
      thereof shall be fair and reasonable terms (as determined in good faith by the Issuer) and may include Standard Securitization Undertakings.

     

    
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    “Rating Agencies” means S&P, Moody’s and Fitch or if no rating of S&P, Moody’s or Fitch is publicly available, as the case may be, the equivalent of such rating selected by the Issuer by any other
      Nationally Recognized Statistical Ratings Organization.

     

     “Receivables Assets” means (a) any receivable owed or payable to the Issuer or a Restricted Subsidiary subject to a Receivables Facility and the proceeds thereof and (b) all collateral securing such receivable,
      all contracts and contract rights, guarantees or other obligations in respect of such receivable, all records with respect to such receivable and any other assets customarily transferred together with receivable in connection with a non-recourse
      receivable factoring arrangement.

     

    “Receivables Facility” means an arrangement between the Issuer or a Subsidiary and a commercial bank, an asset based lender or other financial institution or an Affiliate thereof pursuant to which (a) the Issuer
      or such Subsidiary, as applicable, sells (directly or indirectly) to such commercial bank, asset based lender or other financial institution (or such Affiliate) Receivables Assets and (b) the obligations of the Issuer or such Restricted Subsidiary,
      as applicable, thereunder are non-recourse (except for Securitization Repurchase Obligations) to the Issuer and such Subsidiary and (c) the financing terms, covenants, termination events and other provisions thereof shall be on market terms (as
      determined in good faith by the Issuer) and may include Standard Securitization Undertakings, and shall include any guaranty in respect of such arrangements.

     

    “refinance” means refinance, refund, replace, renew, repay, modify, restate, defer, substitute, supplement, reissue, resell, extend or increase (including pursuant to any defeasance or discharge mechanism) and the
      terms “refinances,” “refinanced” and “refinancing” as used for any purpose in this Indenture shall have a correlative meaning.

     

    “Refinancing Indebtedness” means Indebtedness that is incurred to refund, refinance, replace, exchange, renew, repay or extend (including pursuant to any defeasance or discharge mechanism) any Indebtedness (or
      unutilized commitment in respect of Indebtedness) existing on the Issue Date or incurred (or established) in compliance with this Indenture (including Indebtedness of the Issuer that refinances Indebtedness of any Restricted Subsidiary and
      Indebtedness of any Restricted Subsidiary that refinances Indebtedness of the Issuer or another Restricted Subsidiary) including Indebtedness that refinances Refinancing Indebtedness, and Indebtedness incurred pursuant to a commitment that refinances
      any Indebtedness or unutilized commitment; provided, however, that:

     

    (1)          (a) such Refinancing Indebtedness has a Weighted Average Life to Maturity at the time such Refinancing Indebtedness is incurred which is not less than the remaining Weighted Average Life to Maturity of the
      Indebtedness being refunded, refinanced, replaced, exchanged, renewed, repaid or extended (or requires no or nominal payments in cash (other than interest payments) prior to the date that is (x) 91 days after the maturity date of the Notes, in the
      case of Indebtedness other than any Refinancing Indebtedness in respect of the Subsidiary Notes or (y) the maturity date of the Notes, in the case of any Refinancing Indebtedness in respect of the Subsidiary Notes); and (b) to the extent such
      Refinancing Indebtedness refinances Subordinated Indebtedness, such Refinancing Indebtedness is Subordinated Indebtedness, and is subordinated to the Notes on terms at least as favorable to the Holders as those contained in the documentation
      governing the Indebtedness being refinanced;

     

    (2)          Refinancing Indebtedness shall not include:

     

    (i)           Indebtedness of a Subsidiary of the Issuer that is not a Guarantor that refinances Indebtedness of the Issuer or a Guarantor; or

     

    (ii)          Indebtedness of the Issuer or a Restricted Subsidiary that refinances Indebtedness of an Unrestricted Subsidiary; and

     

    (3)          such Refinancing Indebtedness is incurred in an aggregate principal amount (or if issued with original issue discount, an aggregate issue price) that is equal to or less than the sum of (x) the aggregate
      principal amount (or if issued with original issue discount, the aggregate accreted value) then outstanding of the Indebtedness being refinanced, plus (y) an amount equal to any unutilized commitment relating to the Indebtedness being
      refinanced or otherwise then outstanding under a Credit Facility or other financing arrangement being refinanced to the extent the unutilized commitment being refinanced could be drawn in compliance with Section 3.2 hereof immediately prior
      to such refinancing, plus (z) accrued and unpaid interest, dividends, premiums (including tender premiums), defeasance costs, underwriting discounts, fees, costs and expenses (including original issue discount, upfront fees or similar fees)
      in connection with such refinancing;

     

    
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    provided, that clause (1)(a) above will not apply to any extension, replacement, refunding, refinancing, renewal or defeasance of any Credit Facilities or Secured Indebtedness.
      Refinancing Indebtedness in respect of any Credit Facility or any other Indebtedness may be incurred from time to time after the termination, discharge or repayment of any such Credit Facility or other Indebtedness.

     

    “Regulation S” means Regulation S under the Securities Act.

     

    “Regulation S-X” means Regulation S-X under the Securities Act.

     

    “Regulated Subsidiary” means a Subsidiary of the Issuer as to which the consent of a governmental authority is required for any acquisition of control or change of control thereof.

     

    “Related Taxes” means (i) any Taxes, including sales, use, transfer, rental, ad valorem, value added, stamp, property, consumption, franchise, license, capital,
      registration, business, customs, net worth, gross receipts, excise, occupancy, intangibles or similar Taxes and other fees and expenses (other than (x) Taxes measured by income and (y) withholding Taxes), required to be paid (provided such Taxes are in fact paid) by any Parent Entity by virtue of its:

     

    (a)          being organized or having Capital Stock outstanding (but not by virtue of owning stock or other equity interests of any corporation or other entity other than, directly or indirectly, the Issuer or any of
      the Issuer’s Subsidiaries) or otherwise maintain its existence or good standing under applicable law,

     

    (b)          being a holding company parent, directly or indirectly, of the Issuer or any Subsidiaries of the Issuer,

     

    (c)          receiving dividends from or other distributions in respect of the Capital Stock of, directly or indirectly, the Issuer or any Subsidiaries of the Issuer, or

     

    (d)          having made any payment in respect to any of the items for which the Issuer is permitted to make payments to any Parent Entity pursuant to Section 3.3; and

     

    (e)          any Permitted Tax Amount.

     

    “Reorganization Plan” means a plan of reorganization in the Chapter 11 Cases.

     

    “Reorganized Frontier” means the Issuer, or any successor, by merger, consolidation, reorganization, or otherwise, to the Issuer in the form of a corporation, limited liability company, partnership, or other form,
      as the case may be, or a new corporation, limited liability company, or partnership that may be formed to, among other things, directly or indirectly acquire substantially all of the assets and operations of the Debtors (including by directly or
      indirectly acquiring substantially all of the stock of the Debtors (other than Frontier Communications Corporation)) and issue common stock to be distributed pursuant to the Plan, in each case as contemplated by the Plan, and including in the
      Staggered Emergence (if applicable), it being understood that Reorganized Frontier holding, directly or indirectly, substantially all of the assets and operations of the Debtors (other than the Designated Entities) as of the Conversion Date in the
      Staggered Emergence (if applicable) constitutes Reorganized Frontier holding, directly or indirectly, substantially all of the assets and operations of the Debtors as of the Conversion Date.

     

     “Restricted Investment” means any Investment other than a Permitted Investment.

     

    “Restricted Notes” means Initial Notes and Additional Notes bearing the Restricted Notes Legend.

     

    “Restricted Notes Legend ” means the legend set forth in Section 2.1(d)(1).

     

    “Restricted Subsidiary” means any Subsidiary of the Issuer other than an Unrestricted Subsidiary.

     

    “Revolver Agent” means Goldman Sachs Bank USA, in its capacity as administrative agent for the lenders and other secured parties under (x) prior to the Conversion Date, the DIP Revolver Credit Agreement, together
      with its successors and permitted assigns under the DIP Revolver Credit Agreement and (y) after the Conversion Date, the Exit Restated Credit Agreement with respect to the Exit Revolving Facility, together with its successors and permitted assigns
      under the Exit Restated Credit Agreement.

     

    
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    “Rule 144A” means Rule 144A under the Securities Act.

     

    “S&P” means Standard & Poor’s Investors Ratings Services or any of its successors or assigns that is a Nationally Recognized Statistical Rating Organization.

     

    “Sale and Leaseback Transaction” means any arrangement providing for the leasing by the Issuer or any of the Restricted Subsidiaries of any real or tangible personal property, which property has been or is to be
      sold or transferred by the Issuer or such Restricted Subsidiary to a third Person in contemplation of such leasing.

     

    “Screened Affiliate” means any Affiliate of a Holder (i) that makes investment decisions independently from such Holder and any other Affiliate of such Holder that is not a Screened Affiliate, (ii) that has in
      place customary information screens between it and such Holder and any other Affiliate of such Holder that is not a Screened Affiliate and such screens prohibit the sharing of information with respect to the Issuer or its Subsidiaries, (iii) whose
      investment policies are not directed by such Holder or any other Affiliate of such Holder that is acting in concert with such Holder in connection with its investment in the Notes, and (iv) whose investment decisions are not influenced by the
      investment decisions of such Holder or any other Affiliate of such Holder that is acting in concert with such Holders in connection with its investment in the Notes.

     

    “SEC” means the Securities and Exchange Commission or any successor thereto.

     

    “Second Lien Notes Indenture” means the indenture, dated March 19, 2018 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time), by and among the Issuer, the guarantors
      party thereto, The Bank of New York Mellon, as trustee and collateral agent.

     

    “Secured Indebtedness” means any Indebtedness secured by a Lien other than Indebtedness with respect to Cash Management Obligations.

     

    “Secured Representative” means (i) with respect to the Obligations under the DIP Revolving Facility or Exit Revolving Facility, the Revolving Agent, (ii) with respect to the Obligations under the DIP to Exit Term
      Facility, the DIP to Term Exit Agent, (iii) with respect to the Obligations under the Prepetition Term Facility, the Prepetition Term Agent, (iv) with respect to the First Lien Notes Obligations, the Trustee and (v) with respect to any Series of
      Additional First Lien Obligations, the administrative agent, trustee or any other similar agent or Person designated a secured representative of such Series in the joinder or other relevant document.

     

    “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated thereunder, as amended.

     

    “Securitization Asset” means (a) any accounts receivable, mortgage receivables, loan receivables, royalty, franchise fee, license fee, patent or other revenue streams and other rights to payment or related assets
      and the proceeds thereof and (b) all collateral securing such receivable, asset or right, all contracts and contract rights, guarantees or other obligations in respect of such receivable, asset or right, lockbox accounts and records with respect to
      such account, asset or right and any other assets and rights customarily transferred (or in respect of which security interests are customarily granted) together with accounts, assets or rights in connection with a securitization, factoring or
      receivable sale transaction.

     

    “Securitization Facility” means any of one or more securitization, financing, factoring or sales transactions, as amended, supplemented, modified, extended, renewed, restated or refunded from time to time,
      pursuant to which the Issuer or any of the Restricted Subsidiaries sells, transfers, pledges or otherwise conveys any Securitization Assets (whether now existing or arising in the future) to a Securitization Subsidiary or any other Person.

     

    “Securitization Fees” means distributions or payments made directly or by means of discounts with respect to any Securitization Asset or Receivables Asset or participation interest therein issued or sold in
      connection with, and other fees, expenses and charges (including commissions, yield, interest expense and fees and expenses of legal counsel) paid in connection with, any Qualified Securitization Financing or Receivables Facility.

     

    “Securitization Repurchase Obligation” means any obligation of a seller of Securitization Assets or Receivables Assets in a Qualified Securitization Financing or a Receivables Facility to repurchase or otherwise
      make payments with respect to Securitization Assets arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute,
      offset or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller.

     

    
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    “Securitization Subsidiary” means any Subsidiary of the Issuer in each case formed for the purpose of and that solely engages in one or more Qualified Securitization Financings or Receivables Facilities and other
      activities reasonably related thereto or another Person formed for this purpose.

     

    “Security Documents” means, collectively, the DIP Security Documents and the Exit Security Documents.

     

    “Senior Secured Credit Facility Obligations” means, collectively, “Secured Obligations” (as defined in the DIP Revolver Credit Agreement), “Secured Obligations” (as defined in the DIP to Exit Term Credit
      Agreement) and “Secured Obligations” (or any similar term as defined in the Exit Restated Credit Agreement).

     

    “Senior Secured Credit Facility Secured Parties” means, collectively, “Secured Parties” (as defined in the DIP Revolver Credit Agreement), “Secured Parties” (as defined in the DIP to Exit Term Credit Agreement)
      and “Secured Parties” ( or any similar term as defined in the Exit Restated Credit Agreement).

     

    “Series” means (a) with respect to the First Lien Secured Parties, each of (i) the Senior Secured Credit Facility Secured Parties (in their capacities as such) with respect to the DIP Revolving Facility, (ii) the
      Senior Secured Credit Facility Secured Parties (in their capacities as such) with respect to the DIP to Exit Term Facility, (iii) the Senior Secured Credit Facility Secured Parties (in their capacities as such) with respect to the Exit Restated
      Credit Agreement, (iv) the Notes Secured Parties (in their capacity as such) and (v) the Additional First Lien Secured Parties that become subject to the Security Documents after the Issue Date that are represented by a common representative (in its
      capacity as such for such Additional First Lien Secured Parties) and (b) with respect to any First Lien Obligations, each of (i) the Senior Secured Credit Facility Obligations with respect to the DIP Revolving Facility, (ii) the Senior Secured Credit
      Facility Obligations with respect to the DIP to Exit Term Facility, (iii) the Senior Secured Credit Facility Obligations with respect to the Exit Restated Credit Agreement, (iv) the First Lien Notes Obligations and (v) the Additional First Lien
      Obligations incurred pursuant to any applicable agreement, which, pursuant to any joinder agreement, are to be represented under the Security Documents by a common representative (in its capacity as such for such Additional First Lien Obligations).

     

    “Settlement” means the transfer of cash or other property with respect to any credit or debit card charge, check or other instrument, electronic funds transfer, or other type of paper-based or electronic payment,
      transfer, or charge transaction for which a Person acts as a processor, remitter, funds recipient or funds transmitter in the ordinary course of its business.

     

    “Settlement Asset” means any cash, receivable or other property, including a Settlement Receivable, due or conveyed to a Person in consideration for a Settlement made or arranged, or to be made or arranged, by
      such Person or an Affiliate of such Person.

     

    “Settlement Indebtedness” means any payment or reimbursement obligation in respect of a Settlement Payment.

     

    “Settlement Lien” means any Lien relating to any Settlement or Settlement Indebtedness (and may include, for the avoidance of doubt, the grant of a Lien in or other assignment of a Settlement Asset in
      consideration of a Settlement Payment, Liens securing intraday and overnight overdraft and automated clearing house exposure, and similar Liens).

     

    “Settlement Payment” means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

     

    “Settlement Receivable” means any general intangible, payment intangible, or instrument representing or reflecting an obligation to make payments to or for the benefit of a Person in consideration for a Settlement
      made or arranged, or to be made or arranged, by such Person.

     

    “Shared Collateral” means, at any time, Exit Collateral in which the holders of at least one Series of the First Lien Obligations (or the Collateral Agent or their Secured Representative) and the holders of at
      least one series of the Junior Lien Obligations (or their Junior Lien Collateral Agent or Junior Lien Representative) hold a Lien securing such obligations at such time (or, in the case of the First Lien Obligations, are deemed to hold a Lien or are
      granted a Lien as contemplated in the Junior Intercreditor Agreement).

     

    
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    “Short Derivative Instrument” means a Derivative Instrument (i) the value of which generally decreases, and/or the payment or delivery obligations under which generally increase, with positive changes to the
      Performance References and/or (ii) the value of which generally increases, and/or the payment or delivery obligations under which generally decrease, with negative changes to the Performance References.

     

    “Significant Subsidiary” means any Restricted Subsidiary that would be a “significant subsidiary” as defined in Article 1, Rule 1-02(w)(2) of Regulation S-X, promulgated pursuant to the Securities Act, as such
      regulation is in effect on the Issue Date.

     

    “Similar Business” means (a) any businesses, services or activities engaged in by the Issuer or any of its Subsidiaries or any Associates on the Issue Date, (b) any businesses, services and activities engaged in
      by the Issuer or any of its Subsidiaries or any Associates that are related, complementary, incidental, ancillary or similar to any of the foregoing or are extensions or developments of any thereof, and (c) a Person conducting a business, service or
      activity specified in clauses (a) and (b), and any Subsidiary thereof. For the avoidance of doubt, any Person that invests in or owns Capital Stock or Indebtedness of another Person that is engaged in a Similar Business shall be deemed to be engaged
      in a Similar Business.

     

    “Specified Collateral Party” means, individually or collectively, as the context requires, the Issuer, Frontier Iowa and Frontier Video Services Inc.

     

    “Staggered Emergence” means the Designated Entities are not Subsidiaries of New Frontier Issuer on the Conversion Date and remain in bankruptcy on the Conversion Date whereas the Issuer’s other Subsidiaries emerge
      from bankruptcy, and any related transactions to implement or facilitate such transactions or arrangements. For the avoidance of doubt, if the Issuer undertakes the Staggered Emergence, after the Conversion Date, until Frontier Communications
      Corporation’s equity interests in the Designated Entities are reinstated in accordance with Article III G of the Acceptable Reorganization Plan and each such Designated Entity has become a Subsidiary of the Reorganized Frontier in accordance with
      clause (1) of Article IIIG, none of the Designated Entities shall be considered a Subsidiary of the Reorganized Frontier.

     

    “Standard Securitization Undertakings” means representations, warranties, covenants, guarantees and indemnities entered into by the Issuer or any Subsidiary of the Issuer which the Issuer has determined in good
      faith to be customary in a Securitization Facility or Receivables Facility, including those relating to the servicing of the assets of a Securitization Subsidiary, it being understood that any Securitization Repurchase Obligation shall be deemed to
      be a Standard Securitization Undertaking or, in the case of a Receivables Facility, a non-credit related recourse accounts receivable factoring arrangement.

     

    “Stated Maturity” means, with respect to any security, the date specified in such security as the fixed date on which the payment of principal of such security is due and payable, including pursuant to any
      mandatory redemption provision, but shall not include any contingent obligations to repay, redeem or repurchase any such principal prior to the date originally scheduled for the payment thereof.

     

    “Subordinated Indebtedness” means, with respect to any person, any Indebtedness (whether outstanding on the Issue Date or thereafter incurred) which is expressly subordinated in right of payment to the Notes
      pursuant to a written agreement.

     

    “Subsidiary” means, with respect to any Person:

     

    (1)         any corporation, association, or other business entity (other than a partnership, joint venture, limited liability company or similar entity) of which more than 50% of the total voting power of shares of
      Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time of determination owned or controlled, directly or indirectly, by such Person or one or more
      of the other Subsidiaries of that Person or a combination thereof;

     

    (2)         any partnership, joint venture, limited liability company or similar entity of which:

     

    (a)          more than 50% of the capital accounts, distribution rights, total equity and voting interests or general or limited partnership interests, as applicable, are owned or controlled, directly or indirectly, by
      such Person or one or more of the other Subsidiaries of that Person or a combination thereof whether in the form of membership, general, special or limited partnership interests or otherwise; and

     

    
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    (b)          such Person or any Subsidiary of such Person is a controlling general partner or otherwise controls such entity; or

     

    (3)          at the election of the Issuer, any partnership, joint venture, limited liability company or similar entity of which such Person or any Subsidiary of such Person is a controlling general partner or otherwise
      controls such entity.

     

    “Subsidiary Notes” means collectively, the (i) 8.500% Secured Debentures due November 15, 2031, issued under that certain Indenture, dated as of June 1, 1940 (as amended, restated, amended and restated,
      supplemented or otherwise modified from time to time) by and among GTE Southwest Incorporated, as issuer, and NCNB Texas National Bank, as trustee, (ii) 6.750% Unsecured Debentures due May 15, 2027, issued under that certain Indenture, dated as of
      December 1, 1993 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time) by and among GTE California Incorporated, as issuer, and U.S. Bank Trust National Association, as successor trustee to Bank of America
      National Trust and Savings Association, (iii) 6.730% Unsecured Debentures due February 15, 2028, issued under that certain Indenture, dated as of January 1, 1994 (as amended, restated, amended and restated, supplemented or otherwise modified from
      time to time) by and among GTE North Incorporated, as issuer, and The First National Bank of Chicago, as trustee, (iv) 6.860% Unsecured Debentures due February 2, 2028, issued under that certain Indenture, dated as of November 1, 1993 (as amended,
      restated, amended and restated, supplemented or otherwise modified from time to time) by and among GTE Florida Incorporated, as issuer, and The Bank of New York, as successor trustee to NationsBank of Georgia, National Association, as trustee, and
      (v) 8.400% Unsecured Debentures due October 15, 2029, represented by the Debentures, dated as of October 25, 1989, and issued by The Chesapeake and Potomac Telephone Company of West Virginia pursuant to a Purchase Agreement dated October 1989 with
      the purchasers, in each case that are issued and outstanding on the Issue Date.

     

    “Takeback Debt” means the issuance of Indebtedness on the Effective Date by one or more of the Reorganized Debtors to holders of Existing Unsecured Notes, in a principal amount of up to $750 million pursuant to
      the terms of the Plan.

     

    “Taxes” means all present and future taxes, levies, imposts, deductions, charges, duties and withholdings and any charges of a similar nature (including interest, penalties
      and other liabilities with respect thereto) that are imposed by any government or other taxing authority.

     

    “Total Assets” means, as of any date, the total consolidated assets of the Issuer and its Restricted Subsidiaries on a consolidated basis, as shown on the most recent consolidated balance sheet of the Issuer and
      its Restricted Subsidiaries, determined on a pro forma basis in a manner consistent with the definition of “Consolidated Total Leverage Ratio.”

     

    “Transaction Expenses” means any fees, costs and expenses (including all legal, accounting and other professional fees, costs and expenses) incurred or paid by the Issuer or any Restricted Subsidiary associated or
      in connection with the Transactions.

     

    “Transactions” means, collectively, the Financing Transactions, together with the effectiveness of the Plan and the consummation of the transactions contemplated thereby, including the Corporate Reorganization and
      the Staggered Emergence, if applicable.

     

    “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended.

     

    “Trust Officer” means, when used with respect to the Trustee, any officer within the corporate trust department of the Trustee, including any vice president, assistant vice president, assistant secretary,
      assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter relating
      to this Indenture is referred because of such Person’s knowledge of and familiarity with the particular subject and who, in each case, shall have direct responsibility for the administration of this Indenture.

     

    “Trustee” means Wilmington Trust, National Association, together with its successors and assigns.

     

    
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    “UCC” means the Uniform Commercial Code (or equivalent statute) as in effect from time to time in the State of New York; provided, however, that at any time, if by reason
      of mandatory provisions of law, any or all of the perfection or priority of a collateral agent’s security interest in any item or portion of the collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State
      of New York, the term “UCC” shall mean the Uniform Commercial Code as in effect, at such time, in such other jurisdiction for purposes of the provisions hereof relating to such perfection or priority and for purposes of definitions relating to such
      provisions.

     

    “Unrestricted Subsidiary” means:

     

    (1)          any Subsidiary of the Issuer that at the time of determination is an Unrestricted Subsidiary (as designated by the Issuer in the manner provided below); and

     

    (2)          any Subsidiary of an Unrestricted Subsidiary.

     

    The Company may designate any Subsidiary of the Issuer, (including any newly acquired or newly formed Subsidiary or a Person becoming a Subsidiary through merger, consolidation or other business combination transaction,
      or Investment therein), to be an Unrestricted Subsidiary only if:

     

    (1)          at the time of such designation, such Subsidiary or any of its Subsidiaries does not own any Capital Stock of the Issuer or any other Subsidiary of the Issuer which is not a Subsidiary of the Subsidiary to
      be so designated or otherwise an Unrestricted Subsidiary; and

     

    (2)          such designation and the Investment, if any, of the Issuer in such Subsidiary complies with Section 3.3.

     

    “U.S. Government Obligations” means securities that are (1) direct obligations of the United States of America for the timely payment of which its full faith and credit is pledged or (2) obligations of a Person
      controlled or supervised by and acting as an agency or instrumentality of the United States of America the timely payment of which is unconditionally Guaranteed as a full faith and credit obligation of the United States of America, which, in either
      case, are not callable or redeemable at the option of the issuer thereof, and shall also include a depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such U.S. Government
      Obligations or a specific payment of principal of or interest on any such U.S. Government Obligations held by such custodian for the account of the holder of such depositary receipt, provided that (except as
      required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligations or the specific payment
      of principal of or interest on the U.S. Government Obligations evidenced by such depositary receipt.

     

    “Voting Stock” of a Person means all classes of Capital Stock of such Person then outstanding and normally entitled to vote in the election of directors.

     

    “Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the quotient (in number of years) obtained by dividing:

     

    (1)          the sum of the products obtained by multiplying (i) the number of years (calculated to the nearest one-twelfth) from the date of determination to the date of each successive scheduled principal payment of
      such Indebtedness or redemption or similar payment with respect to such Disqualified Stock or Preferred Stock, by (ii) the amount of such payment, by

     

    (2)          the sum of all such payments;

     

    provided that, for purposes of determining the Weighted Average Life to Maturity of any Indebtedness, the effects of any prepayments or amortization made on such Indebtedness prior to the date of such
      determination will be disregarded.

     

    “Wholly Owned Domestic Subsidiary” means a Domestic Subsidiary of the Issuer, all of the Capital Stock of which is owned by the Issuer or a Guarantor.

     

    
      
        SECTION 1.2.       Other Definitions. 

         

        

        
          -55-

          
            

        

        
          	
                  
                    Term

                  

                	
                  
                    Defined in

                    Section

                  

                
	 	 
	
                  “Acceptable Commitment”

                	
                  3.5(a)(3)(ii)

                
	 	 
	
                  “Accounting Change”

                	
                  “GAAP”

                
	 	 
	
                  “Accredited Investor Note”

                	
                  2.1(b)

                
	 	 
	
                  “Action”

                	
                  12.7(v)

                
	 	 
	
                  “Additional Restricted Notes”

                	
                  2.1(b)

                
	 	 
	
                  “Advance Offer”

                	
                  3.5(a)

                
	 	 
	
                  “Advance Portion”

                	
                  3.5(a)

                
	 	 
	
                  “Affiliate Transaction”

                	
                  3.8(a)

                
	 	 
	
                  “Agent Members”

                	
                  2.1(e)(2)

                
	 	 
	
                  “Applicable Premium Deficit”

                	
                  8.4(1)

                
	 	 
	
                  “Approved Foreign Bank”

                	
                  “Cash Equivalents”

                
	 	 
	
                  “Asset Disposition Offer”

                	
                  3.5(a)

                
	 	 
	
                  “Authenticating Agent”

                	
                  2.2

                
	 	 
	
                  “Basket Period”

                	
                  3.3(a)(ii)(A)

                
	 	 
	
                  “CERCLA”

                	
                  12.7(q)

                
	 	 
	
                  “Change of Control Offer”

                	
                  3.9(a)

                
	 	 
	
                  “Change of Control Payment”

                	
                  3.9(a)

                
	 	 
	
                  “Change of Control Payment Date”

                	
                  3.9(a)(2)

                
	 	 
	
                  “Clearstream”

                	
                  2.1(b)

                
	 	 
	
                  “Collateral Advance Offer”

                	
                  3.5(a)

                
	 	 
	
                  “Collateral Advance Portion”

                	
                  3.5(a)

                
	 	 
	
                  “Collateral Asset Disposition Offer”

                	
                  3.5(a)

                
	 	 
	
                  “Collateral Excess Proceeds”

                	
                  3.5(a)

                
	 	 
	
                  “Covenant Defeasance”

                	
                  8.3

                
	 	 
	
                  “Declined Collateral Excess Proceeds”

                	
                  3.5(a)

                
	 	 

          

          

          
            -56-

            
              

          

          
            	
                    
                      Term

                    

                  	
                    
                      Defined in

                      Section

                    

                  

          

          	 	 
	
                  “Declined Excess Proceeds”

                	
                  3.5(b)

                
	 	 
	
                  “Default Direction”

                	
                  6.2

                
	 	 
	
                  “Defaulted Interest”

                	
                  2.15

                
	 	 
	
                  “Directing Holder”

                	
                  6.2

                
	 	 
	
                  “equity incentives”

                	
                  “Consolidated Net Income”

                
	 	 
	
                  “Euroclear”

                	
                  2.1(b)

                
	 	 
	
                  “Event of Default”

                	
                  6.1(a)

                
	 	 
	
                  “Excess Proceeds”

                	
                  3.5(a)

                
	 	 
	
                  “Foreign Disposition”

                	
                  3.5(c)(i)

                
	 	 
	
                  “Global Notes”

                	
                  2.1(b)

                
	 	 
	
                  “Guaranteed Obligations”

                	
                  10.1

                
	 	 
	
                  “Increased Amount”

                	
                  3.6

                
	 	 
	
                  “Initial Agreement”

                	
                  3.4(b)(16)

                
	 	 
	
                  “Initial Default”

                	
                  6.1(b)

                
	 	 
	
                  “Initial Lien”

                	
                  3.6

                
	 	 
	
                  “Institutional Accredited Investor Global Notes”

                	
                  2.1(b)

                
	 	 
	
                  “Institutional Accredited Investor Notes”

                	
                  2.1(b)

                
	 	 
	
                  “Issuer Order”

                	
                  2.2

                
	 	 
	
                  “Judgment Currency”

                	
                  13.19

                
	 	 
	
                  “LCT Election”

                	
                  1.3(c)

                
	 	 
	
                  “LCT Public Offer”

                	
                  1.3(c)

                
	 	 
	
                  “LCT Test Date”

                	
                  1.3(c)

                
	 	 
	
                  “Legal Defeasance”

                	
                  8.2

                
	 	 
	
                  “Legal Holiday”

                	
                  13.6

                
	 	 
	
                  “Notes Register”

                	
                  2.3

                
	 	 

          

          

          
            -57-

            
              

          

          
            	
                    
                      Term

                    

                  	
                    
                      Defined in

                      Section

                    

                  

          

          	 	 
	
                  “Noteholder Direction”

                	
                  6.2

                
	 	 
	
                  “Noteholder Website”

                	
                  3.10(c)

                
	 	 
	
                  “Other Guarantee”

                	
                  10.2(b)(5)

                
	 	 
	
                  “Performance References”

                	
                  “Derivative Instrument”

                
	 	 
	
                  “Permitted Debt”

                	
                  3.2(b)

                
	 	 
	
                  “Permitted Payment”

                	
                  3.3(b)

                
	 	 
	
                  “Position Representation”

                	
                  6.2

                
	 	 
	
                  “primary obligations”

                	
                  “Contingent Obligations”

                
	 	 
	
                  “primary obligor”

                	
                  “Contingent Obligations”

                
	 	 
	
                  “Proceeds Application Period”

                	
                  3.5(a)(3)

                
	 	 
	
                  “protected purchaser”

                	
                  2.11

                
	 	 
	
                  “Redemption Date”

                	
                  5.7(a)

                
	 	 
	
                  “Refunding Capital Stock”

                	
                  3.3(b)(2)

                
	 	 
	
                  “Registrar”

                	
                  2.3

                
	 	 
	
                  “Regulation S Global Note”

                	
                  2.1(b)

                
	 	 
	
                  “Regulation S Notes”

                	
                  2.1(b)

                
	 	 
	
                  “Related Person”

                	
                  12.7(b)

                
	 	 
	
                  “Resale Restriction Termination Date”

                	
                  2.6(b)

                
	 	 
	
                  “Reserved Indebtedness Amount”

                	
                  3.2(c)(9)

                
	 	 
	
                  “Restricted Payment”

                	
                  3.3(a)

                
	 	 
	
                  “Restricted Period”

                	
                  2.1(b)

                
	 	 
	
                  “Reversion Date”

                	
                  3.20

                
	 	 
	
                  “Rule 144A Global Note”

                	
                  2.1(b)

                
	 	 
	
                  “Rule 144A Notes”

                	
                  2.1(b)

                
	 	 

          

          

          
            -58-

            
              

          

          
            	
                    
                      Term

                    

                  	
                    
                      Defined in

                      Section

                    

                  

          

          	 	 
	
                  “Security Document Order”

                	
                  12.7(r)

                
	 	 
	
                  “Special Interest Payment Date”

                	
                  2.15(a)

                
	 	 
	
                  “Special Mandatory Redemption”

                	
                  5.9(a)

                
	 	 
	
                  “Special Mandatory Redemption Date”

                	
                  5.9(b)

                
	 	 
	
                  “Special Mandatory Redemption Notice”

                	
                  5.9(b)

                
	 	 
	
                  “Special Mandatory Redemption Price”

                	
                  5.9(a)

                
	 	 
	
                  “Special Record Date”

                	
                  2.15(a)

                
	 	 
	
                  “Special Termination Date”

                	
                  5.9(a)

                
	 	 
	
                  “Successor Company”

                	
                  4.1(a)(1)

                
	 	 
	
                  “Suspended Covenants”

                	
                  3.20

                

          	 	 
	
                  “Suspension Period”

                	
                  3.20

                
	 	 
	
                  “Treasury Capital Stock”

                	
                  3.3(b)(2)

                
	 	 
	
                  “Verification Covenant”

                	
                  6.2

                
	 	 

          

          

          SECTION 1.3.      Rules of Construction.
          

           

          (a)          Unless the context otherwise requires:

           

          (1)          a term has the meaning assigned to it;

           

          (2)          an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP;

           

          (3)          “or” is not exclusive;

           

          (4)          “including” means including without limitation;

           

          (5)          words in the singular include the plural and words in the plural include the singular;

           

          (6)          “will” shall be interpreted to express a command;

           

          (7)          the principal amount of any non‐interest bearing or other discount security at any date shall be the principal amount thereof that would be shown on a balance sheet of the Issuer
            dated such date prepared in accordance with GAAP;

           

          (8)          the principal amount of any preferred stock shall be (i) the maximum liquidation value of such preferred stock or (ii) the maximum mandatory redemption or mandatory repurchase price
            with respect to such preferred stock, whichever is greater;

           

          
            -59-

            
              

          

          (9)          all amounts expressed in this Indenture or in any of the Notes in terms of money refer to the lawful currency of the United States of America;

           

          (10)        the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision;

           

          (11)        except as otherwise stated, (a) references herein to Articles, Sections and Exhibit mean the Articles and Sections of and Exhibits to this Indenture and (b) each reference herein to a
            particular Article or Section includes the Sections, subsections and paragraphs subsidiary thereto; and

           

          (12)        unless otherwise specifically indicated, the term “consolidated” with respect to any Person refers to such Person consolidated with its Restricted Subsidiaries, and excludes from such
            consolidation any Unrestricted Subsidiary as if such Unrestricted Subsidiary were not an Affiliate of such Person.

           

          (b)          Notwithstanding anything to the contrary herein, in the event an item of Indebtedness (or any portion thereof) is incurred or issued, any Lien is incurred or other transaction is undertaken in reliance
            on any ratio based exception, threshold and baskets, such ratio(s) shall be calculated with respect to such incurrence, issuance or other transaction without giving effect to amounts being utilized under any other exceptions, thresholds or
            baskets under the same covenant (other than ratio based baskets) on the same date. Each item of Indebtedness that is incurred or issued, each Lien incurred and each other transaction undertaken will be deemed to have been incurred, issued or
            taken first, to the extent available, pursuant to the relevant ratio based test.

           

          Notwithstanding anything to the contrary herein, in the event an item of Indebtedness (or any portion thereof) is incurred or issued, any Lien is incurred or other transaction is undertaken in reliance on any ratio
            based exceptions, thresholds and baskets, such ratio(s) shall be calculated without regard to the incurrence of any Indebtedness under any revolving facility or letter of credit facility immediately prior to or in connection therewith.

           

          Any calculation or measure that is determined with reference to the Issuer’s financial statements (including Consolidated EBITDA, Consolidated Interest Expense, Consolidated Net Income, Fixed Charges, Consolidated
            First Lien Secured Leverage Ratio and Consolidated Total Leverage Ratio) may be determined with reference to the financial statements of a Parent Entity instead, so long as such Parent Entity does not hold any material assets other than,
            directly or indirectly, the Capital Stock of the Issuer.

           

          For purposes of making any computation referred to above, any Investments, acquisitions, dispositions, mergers, amalgamations, consolidations and disposed or discontinued operations that have been made by the
            Issuer or any of its Restricted Subsidiaries, during the reference period or subsequent to the reference period and on or prior to or simultaneously with the calculation date shall be calculated on a pro forma basis assuming that all such
            Investments, acquisitions, dispositions, mergers, amalgamations, consolidations and disposed or discontinued operations (and the change in any associated fixed charge obligations and the change in Consolidated EBITDA resulting therefrom) had
            occurred on the first day of the reference period. If since the beginning of such period any Person that subsequently became a Restricted Subsidiary or was merged or amalgamated with or into the Issuer or any of its Restricted Subsidiaries
            since the beginning of such period shall have made any Investment, acquisition, disposition, merger, amalgamation, consolidation or disposed or discontinued operation that would have required adjustment pursuant to this definition, then the
            computation shall be calculated giving pro forma effect thereto for such period as if such Investment, acquisition, disposition, merger, amalgamation, consolidation or disposed operation had occurred at the beginning of the reference period.
            For the avoidance of doubt, if the Issuer undertakes the Staggered Emergence, then the computation for so long as a Designated Entity is not Restricted Subsidiary shall be calculated as if such Designated Entity had been disposed of at the
            beginning of the reference period.

           

          Whenever pro forma effect is to be given to a transaction (including the Transactions), the pro forma calculations shall be made in good faith by a responsible financial or chief accounting officer of the Issuer
            (and may include, for the avoidance of doubt, cost savings, operating expenses reductions and synergies resulting from such transactions which is being given pro forma effect).

           

          
            -60-

            
              

          

          (c)          When calculating the availability under any basket or ratio under this Indenture or compliance at any time following the Conversion Date with any provision of this Indenture in connection with any
            Limited Condition Transaction and any actions or transactions related thereto (including acquisitions, Investments, the incurrence, issuance or assumption of Indebtedness and the use of proceeds thereof, the incurrence or creation of Liens,
            repayments, Restricted Payments and Asset Dispositions), in each case, at the option of the Issuer (the Issuer’s election to exercise such option, an “LCT Election”), the date of determination for availability under any such basket or
            ratio and whether any such action or transaction is permitted (or any requirement or condition therefor is complied with or satisfied (including as to the absence of any continuing Default or Event of Default)) under this Indenture shall be
            deemed to be the date occurring at any time following the Conversion Date (the “LCT Test Date”) either (a) the definitive agreement for such Limited Condition Transaction is entered into (or, if applicable, the date of delivery of an
            irrevocable declaration of a Restricted Payment or similar event), or (b) solely in connection with an acquisition to which the United Kingdom City Code on Takeovers and Mergers applies, the date on which a “Rule 2.7 announcement” of a firm
            intention to make an offer (or equivalent announcement in another jurisdiction) (an “LCT Public Offer”) in respect of a target of a Limited Condition Transaction and, in each case, if, after giving pro forma effect to the Limited
            Condition Transaction and any actions or transactions related thereto (including acquisitions, Investments, the incurrence, issuance or assumption of Indebtedness and the use of proceeds thereof, the incurrence or creation of Liens, repayments,
            Restricted Payments and Asset Dispositions) and any related pro forma adjustments, the Issuer or any of its Restricted Subsidiaries would have been permitted to take such actions or consummate such transactions on the relevant LCT Test Date in
            compliance with such ratio, test or basket (and any related requirements and conditions), such ratio, test or basket (and any related requirements and conditions) shall be deemed to have been complied with (or satisfied) for all purposes (in
            the case of Indebtedness, for example, whether such Indebtedness is committed, issued, assumed or incurred at the LCT Test Date or at any time thereafter); provided, that (a) if financial statements for one or more subsequent fiscal quarters
            shall have become available, the Issuer may elect, in its sole discretion, to redetermine all such ratios, tests or baskets on the basis of such financial statements, in which case, such date of redetermination shall thereafter be the
            applicable LCT Test Date for purposes of such ratios, tests or baskets, and (b) except as contemplated in the foregoing clause (a), compliance with such ratios, test or baskets (and any related requirements and conditions) shall not be
            determined or tested at any time after the applicable LCT Test Date for such Limited Condition Transaction and any actions or transaction related thereto (including acquisitions, Investments, the incurrence, issuance or assumption of
            Indebtedness and the use of proceeds thereof, the incurrence or creation of Liens, repayments, Restricted Payments and Asset Dispositions).

           

          For the avoidance of doubt, if the Issuer has made an LCT Election, (1) if any of the ratios, tests or baskets for which compliance was determined or tested as of the LCT Test Date would at any time after the LCT
            Test Date have been exceeded or otherwise failed to have been complied with as a result of fluctuations in any such ratio, test or basket, including due to fluctuations in Consolidated EBITDA or Total Assets of the Issuer or the Person subject
            to such Limited Condition Transaction, such baskets, tests or ratios will not be deemed to have been exceeded or failed to have been complied with as a result of such fluctuations; (2) if any related requirements and conditions (including as to
            the absence of any continuing Default or Event of Default) for which compliance or satisfaction was determined or tested as of the LCT Test Date would at any time after the LCT Test Date not have been complied with or satisfied (including due
            to the occurrence or continuation of an Default or Event of Default), such requirements and conditions will not be deemed to have been failed to be complied with or satisfied (and such Default or Event of Default shall be deemed not to have
            occurred or be continuing); and (3) in calculating the availability under any ratio, test or basket in connection with any action or transaction unrelated to such Limited Condition Transaction following the relevant LCT Test Date and prior to
            the earlier of the date on which such Limited Condition Transaction is consummated or the date that the definitive agreement or date for redemption, purchase or repayment specified in an irrevocable notice for such Limited Condition Transaction
            is terminated, expires or passes (or, if applicable, the irrevocable notice is terminated, expires or passes or, as applicable, the offer in respect of an LCT Public Offer for, such acquisition is terminated), as applicable, without
            consummation of such Limited Condition Transaction, any such ratio, test or basket shall be determined or tested giving pro forma effect to such Limited Condition Transaction.

           

          
            -61-

            
              

          

          ARTICLE II

           

          

          THE NOTES

           

          SECTION 2.1.       Form, Dating and Terms.
          

           

          (a)          The aggregate principal amount of Notes that may be authenticated and delivered under this Indenture is unlimited. The Initial Notes issued on the date hereof will be in an
            aggregate principal amount of $1,150,000,000. In addition, the Issuer may issue, from time to time in accordance with the provisions of this Indenture, Additional Notes (as provided herein). Furthermore, Notes may be authenticated and delivered
            upon registration of transfer, exchange or in lieu of, other Notes pursuant to Sections 2.2, 2.6, 2.11, 2.13, 5.6 or 5.9, in connection with an Asset Disposition Offer, Collateral Asset
            Disposition Offer or Collateral Advance Offer pursuant to Section 3.5 or in connection with a Change of Control Offer pursuant to Section 3.9.

           

          Notwithstanding anything to the contrary contained herein, the Issuer may not issue any Additional Notes, unless such issuance is in compliance with Section 3.2.

           

          With respect to any Additional Notes, the Issuer shall set forth in one or more indentures supplemental hereto, the following information:

           

          (A)         the aggregate principal amount of such Additional Notes to be authenticated and delivered pursuant to this Indenture;

           

          (B)         the issue price and the issue date of such Additional Notes, including the date from which interest shall accrue; and

           

          (C)         whether such Additional Notes shall be Restricted Notes.

           

          In authenticating and delivering Additional Notes, the Trustee shall be entitled to receive and shall be fully protected in relying upon, in addition to the Opinion of Counsel and Officer’s Certificate required by
            Section 14.2, an Opinion of Counsel as to the due authorization, execution, delivery, validity and enforceability of such Additional Notes.

           

          The Initial Notes and the Additional Notes shall be considered collectively as a single class for all purposes of this Indenture, provided that any Additional Notes will not
            be issued with the same CUSIP, ISIN or other identifying number as the Initial Notes unless such Additional Notes are fungible with the Initial Notes for U.S. federal income tax purposes, or if the Issuer otherwise determines that any
            Additional Notes should be differentiated from any other Notes.  Holders of the Initial Notes and the Additional Notes will vote and consent together on all matters to which such Holders are entitled to vote or consent as one class, and none of
            the Holders of the Initial Notes or the Additional Notes shall have the right to vote or consent as a separate class on any matter to which such Holders are entitled to vote or consent.

           

          (b)          The Initial Notes are being offered and sold by the Issuer pursuant to a Purchase Agreement, dated October 1, 2020, among the Issuer, the guarantors set forth in Schedule 2 thereto and Goldman Sachs
            & Co. LLC as representative for the several Initial Purchasers.  The Initial Notes and any Additional Notes (if issued as Restricted Notes) (the “Additional Restricted Notes”) will be resold initially only to (A) Persons they
            reasonably believed to be QIBs in reliance on Rule 144A and (B) Non‐U.S. Persons in reliance on Regulation S.  Such Initial Notes and Additional Restricted Notes may thereafter be transferred to, among others, persons reasonably believed to be
            QIBs, purchasers in reliance on Regulation S, and AIs and IAIs in accordance with Rule 501 under the Securities Act in each case, in accordance with the procedure described herein.  Additional Notes offered after the date hereof may be offered
            and sold by the Issuer from time to time pursuant to one or more purchase agreements in accordance with applicable law.

           

          
            -62-

            
              

          

          Initial Notes and Additional Restricted Notes offered and sold to persons reasonably believed to be QIBs in the United States of America in reliance on Rule 144A (the “Rule 144A Notes”) shall be issued in
            the form of a permanent global Note substantially in the form of Exhibit A, which is hereby incorporated by reference and made a part of this Indenture, including appropriate legends as set forth in Section 2.1(d) (the “Rule
              144A Global Note”), deposited with the Trustee, as custodian for DTC, duly executed by the Issuer and authenticated by the Trustee as hereinafter provided.  The Rule 144A Global Note may be represented by more than one certificate if so
            required by DTC’s rules regarding the maximum principal amount to be represented by a single certificate.  The aggregate principal amount of the Rule 144A Global Note may from time to time be increased or decreased by adjustments made on the
            records of the Trustee, as custodian for DTC or its nominee, as hereinafter provided.

           

          Initial Notes and any Additional Restricted Notes offered and sold to non-U.S. Persons outside the United States of America (the “Regulation S Notes”) in reliance on Regulation S shall be issued in the form
            of a permanent global Note substantially in the form of Exhibit A including appropriate legends as set forth in Section 2.1(d) (the “Regulation S Global Note”).  Each Regulation S Global Note will be deposited upon
            issuance with, or on behalf of, the Trustee as custodian for DTC in the manner described in this Article II.  Prior to the 40th day after the later of the commencement of the offering of the Initial Notes and the Issue Date (such period
            through and including such 40th day, the “Restricted Period”), interests in the Regulation S Global Note may only be transferred to non‐U.S. persons pursuant to Regulation S, unless exchanged for interests in a Global Note in accordance
            with the transfer and certification requirements described herein.

           

          Investors may hold their interests in the Regulation S Global Note through organizations other than Euroclear Bank S.A./N.V. (“Euroclear”) or Clearstream Banking, société
              anonyme (“Clearstream”) that are participants in DTC’s system or directly through Euroclear or Clearstream, if they are participants in such systems, or indirectly through organizations which are participants in such systems. 
            If such interests are held through Euroclear or Clearstream, Euroclear and Clearstream will hold such interests in the applicable Regulation S Global Note on behalf of their participants through customers’ securities accounts in their
            respective names on the books of their respective depositaries.  Such depositaries, in turn, will hold such interests in the applicable Regulation S Global Note in customers’ securities accounts in the depositaries’ names on the books of DTC.

           

          The Regulation S Global Note may be represented by more than one certificate if so required by DTC’s rules regarding the maximum principal amount to be represented by a single certificate.  The aggregate principal
            amount of the Regulation S Global Note may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for DTC or its nominee, as hereinafter provided.

           

          Initial Notes and Additional Restricted Notes resold to IAIs (the “Institutional Accredited Investor Notes”) in the United States of America shall be issued in the form of a permanent global Note
            substantially in the form of Exhibit A including appropriate legends as set forth in Section 2.1(d) (the “Institutional Accredited Investor Global Note”) deposited with the Trustee, as custodian for DTC, duly executed by the
            Issuer and authenticated by the Trustee as hereinafter provided. The Institutional Accredited Investor Global Note may be represented by more than one certificate, if so required by DTC’s rules regarding the maximum principal amount to be
            represented by a single certificate. The aggregate principal amount of the Institutional Accredited Investor Global Note may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for DTC or
            its nominee, as hereinafter provided.

           

          Initial Notes and Additional Restricted Notes resold to AIs in the United States of America will be issued in the form of a Definitive Note substantially in the form of Exhibit A including the legend as set forth
            in Section 2.1(d) (an “Accredited Investor Note”).

           

          The Rule 144A Global Note, the Regulation S Global Note and the Institutional Accredited Investor Global Note are sometimes collectively herein referred to as the “Global Notes.”

           

          
            -63-

            
              

          

          The principal of (and premium, if any) and interest on the Notes shall be payable at the office or agency of the Paying Agent designated by the Issuer maintained for such purpose (which shall initially be the
            office of the Trustee maintained for such purpose), or at such other office or agency of the Issuer as may be maintained for such purpose pursuant to Section 2.3; provided, however, that, at the option of the Paying Agent, each installment of interest may be paid by (i) check mailed to addresses of the Persons entitled thereto as such addresses shall appear on the Notes
            Register or (ii) wire transfer to an account located in the United States maintained by the payee, subject to the last sentence of this paragraph.  Payments in respect of Notes represented by a Global Note (including principal, premium, if any,
            and interest) will be made by wire transfer of immediately available funds to the accounts specified by DTC.  Payments in respect of Notes represented by Definitive Notes (including principal, premium, if any, and interest) held by a Holder of
            at least $1,000,000 aggregate principal amount of Notes represented by Definitive Notes will be made in accordance with the Notes Register, or by wire transfer to a Dollar account maintained by the payee with a bank in the United States if such
            Holder elects payment by wire transfer by giving written notice to the Trustee or the Paying Agent to such effect designating such account no later than 15 days immediately preceding the relevant due date for payment (or such other date as the
            Trustee or Paying Agent, as applicable, may accept in its discretion).

           

          The Notes may have notations, legends or endorsements required by law, stock exchange rule or usage, in addition to those set forth on Exhibit A and in Section 2.1(d) .  The Issuer shall approve any
            notation, endorsement or legend on the Notes.  Each Note shall be dated the date of its authentication.  The terms of the Notes set forth in Exhibit A are part of the terms of this Indenture and, to the extent applicable, the Issuer,
            the Guarantors and the Trustee, by their execution and delivery of this Indenture, expressly agree to be bound by such terms.

           

          (c)          Denominations.  The Notes shall be issuable only in fully registered form in minimum denominations of $2,000 and any integral multiple of $1,000 in excess thereof.

           

          (d)          Restrictive and Global Note Legends.

           

          (1)          Unless and until (i) an Initial Note or an Additional Note issued as a Restricted Note is sold under an effective registration statement or (ii) the
            Issuer receive an Opinion of Counsel satisfactory to the Issuer to the effect that neither such legend nor the related restrictions on transfer are required in order to maintain compliance with the provisions of the Securities Act, the Rule
            144A Global Note, the Regulation S Global Note, the Institutional Accredited Investor Global Note and the Accredited Investor Note shall each bear the following legend on the face thereof:

           

          THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR
            PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF
            THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION
              TERMINATION DATE”) THAT IS [IN THE CASE OF RULE 144A NOTES: ONE YEAR AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF, THE ORIGINAL ISSUE DATE OF THE ISSUANCE OF ANY ADDITIONAL NOTES AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE
            OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY)] [OR, IN THE CASE OF REGULATION S NOTES: 40 DAYS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE DATE ON WHICH THIS SECURITY (OR ANY PREDECESSOR OF
            SUCH SECURITY) WAS FIRST OFFERED TO PERSONS OTHER THAN DISTRIBUTORS (AS DEFINED IN RULE 902 OF REGULATION S) IN RELIANCE ON REGULATION S], ONLY (A) TO THE ISSUER OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN
            DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER”
            AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES TO NON-U.S.
            PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT, OR (E) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUER’S AND THE
            TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D) OR (E) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/ OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON
            THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE.

           

          
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          (2)          Each Global Note, whether or not an Initial Note, shall bear the following legend on the face thereof:

           

          UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE ISSUER OR THEIR AGENT FOR REGISTRATION OF
            TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER
            ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

           

          TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE
            SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

           

          In the case of the Regulation S Global Note:  BY ITS ACQUISITION HEREOF, THE HOLDER HEREOF REPRESENTS THAT IT IS NOT A U.S. PERSON NOR IS IT PURCHASING FOR THE ACCOUNT OF A U.S. PERSON AND IS ACQUIRING THIS
            SECURITY IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT.

           

          (e)          Book-Entry Provisions.  (i) This Section 2.1(e) shall apply only to Global Notes deposited with the Trustee, as custodian for DTC, and for which the
            applicable procedures of DTC shall govern.

           

          (1)          Each Global Note initially shall (x) be registered in the name of DTC or the nominee of DTC, (y) be delivered to the Notes Custodian for DTC and (z) bear legends as set forth in Section

              2.1(d)(2).  Transfers of a Global Note (but not a beneficial interest therein) will be limited to transfers thereof in whole, but not in part, to DTC, its successors or its respective nominees, except as set forth in Section 2.1(e)(4)
            and (f).  If a beneficial interest in a Global Note is transferred or exchanged for a beneficial interest in another Global Note, the Notes Custodian will (x) record a decrease in the principal amount of the Global Note being
            transferred or exchanged equal to the principal amount of such transfer or exchange and (y) record a like increase in the principal amount of the other Global Note.  Any beneficial interest in one Global Note that is transferred to a Person who
            takes delivery in the form of an interest in another Global Note, or exchanged for an interest in another Global Note, will, upon transfer or exchange, cease to be an interest in such Global Note and become an interest in the other Global Note
            and, accordingly, will thereafter be subject to all transfer and exchange restrictions, if any, and other procedures applicable to beneficial interests in such other Global Note for as long as it remains such an interest.

           

          (2)          Members of, or participants in, DTC (“Agent Members”) shall have no rights under this Indenture with respect to any Global Note held on their behalf by DTC or by the Notes
            Custodian as the custodian of DTC or under such Global Note, and DTC may be treated by the Issuer, the Trustee and any agent of the Issuer or the Trustee as the absolute owner of such Global Note for all purposes whatsoever.  Notwithstanding
            the foregoing, nothing herein shall prevent the Issuer, the Trustee or any agent of the Issuer or the Trustee from giving effect to any written certification, proxy or other authorization furnished by DTC or impair, as between DTC and its Agent
            Members, the operation of customary practices of DTC governing the exercise of the rights of a holder of a beneficial interest in any Global Note.

           

          
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          (3)          In connection with any transfer of a portion of the beneficial interest in a Global Note pursuant to Section 2.1(f) to beneficial owners who are required to hold Definitive
            Notes, the Notes Custodian shall reflect on its books and records the date and a decrease in the principal amount of such Global Note in an amount equal to the principal amount of the beneficial interest in the Global Note to be transferred,
            and the Issuer shall execute, and the Trustee shall authenticate and make available for delivery, one or more Definitive Notes of like tenor and amount.

           

          (4)          In connection with the transfer of an entire Global Note to beneficial owners pursuant to Section 2.1(f), such Global Note shall be deemed to be
            surrendered to the Trustee for cancellation, and the Issuer shall execute, and the Trustee shall authenticate and make available for delivery, to each beneficial owner identified by DTC in exchange for its beneficial interest in such Global
            Note, an equal aggregate principal amount of Definitive Notes of authorized denominations.

           

          (5)          The registered Holder of a Global Note may grant proxies and otherwise authorize any person, including Agent Members and persons that may hold interests through Agent Members, to
            take any action which a Holder is entitled to take under this Indenture or the Notes.

           

          (6)          Any Holder of a Global Note shall, by acceptance of such Global Note, agree that transfers of beneficial interests in such Global Note may be effected only through a book‐entry
            system maintained by (i) the Holder of such Global Note (or its agent) or (ii) any holder of a beneficial interest in such Global Note, and that ownership of a beneficial interest in such Global Note shall be required to be reflected in a book
            entry.

           

          (f)           Definitive Notes.  Except as provided below, owners of beneficial interests in Global Notes will not be entitled to receive Definitive Notes.  Definitive Notes
            shall be transferred to all beneficial owners in exchange for their beneficial interests in a Global Note if (A) DTC notifies the Issuer that it is unwilling or unable to continue as Depositary for such Global Note or DTC ceases to be a
            clearing agency registered under the Exchange Act, at a time when DTC is required to be so registered in order to act as depositary, and in each case a successor depositary is not appointed by the Issuer within 120 days of such notice, (B) the
            Issuer in their sole discretion executes and deliver to the Trustee and Registrar an Officer’s Certificate stating that such Global Note shall be so exchangeable or (C) an Event of Default has occurred and is continuing and the Registrar has
            received a written request from DTC.  In the event of the occurrence of any of the events specified in the second preceding sentence or in clause (A), (B) or (C) of the preceding sentence, the Issuer shall promptly make available to the
            Registrar a reasonable supply of Definitive Notes.  In addition, any Note transferred to an affiliate (as defined in Rule 405 under the Securities Act) of the Issuer or evidencing a Note that has been acquired by an affiliate in a transaction
            or series of transactions not involving any public offering must, until one year after the last date on which the Issuer or any of its Affiliates was an owner of the Note, be in the form of a Definitive Note and bear the legend regarding
            transfer restrictions in Section 2.1(d)(1).  If required to do so pursuant to any applicable law or regulation, beneficial owners may also obtain Definitive Notes in exchange for their beneficial interests in a Global Note upon written
            request in accordance with DTC’s and the Registrar’s procedures.

           

          (1)          Any Definitive Note delivered in exchange for an interest in a Global Note pursuant to Section 2.1(e) shall, except as otherwise provided by Section 2.6(d), bear the
            applicable legend regarding transfer restrictions applicable to the Global Note set forth in Section 2.1(d)(1).

           

          (2)          If a Definitive Note is transferred or exchanged for a beneficial interest in a Global Note, the Trustee will (x) cancel such Definitive Note, (y) record an increase in the principal
            amount of such Global Note equal to the principal amount of such transfer or exchange and (z) in the event that such transfer or exchange involves less than the entire principal amount of the canceled Definitive Note, the Issuer shall execute,
            and the Trustee shall authenticate and make available for delivery, to the transferring Holder a new Definitive Note representing the principal amount not so transferred.

           

          
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          (3)          If a Definitive Note is transferred or exchanged for another Definitive Note, (x) the Trustee will cancel the Definitive Note being transferred or exchanged, (y) the Issuer shall
            execute, and the Trustee shall authenticate and make available for delivery, one or more new Definitive Notes in authorized denominations having an aggregate principal amount equal to the principal amount of such transfer or exchange to the
            transferee (in the case of a transfer) or the Holder of the canceled Definitive Note (in the case of an exchange), registered in the name of such transferee or Holder, as applicable, and (z) if such transfer or exchange involves less than the
            entire principal amount of the canceled Definitive Note, the Issuer shall execute, and the Trustee shall authenticate and make available for delivery to the Holder thereof, one or more Definitive Notes in authorized denominations having an
            aggregate principal amount equal to the untransferred or unexchanged portion of the canceled Definitive Notes, registered in the name of the Holder thereof.

           

          (4)          Notwithstanding anything to the contrary in this Indenture, in no event shall a Definitive Note be delivered upon exchange or transfer of a beneficial interest in the Regulation S
            Global Note prior to the end of the Restricted Period.

           

          SECTION 2.2.      Execution and Authentication. One Officer of the Issuer shall sign the Notes for the Issuer by manual, facsimile or electronic signature.  If any Officer whose
            signature is on a Note no longer holds that office at the time the Trustee authenticates the Note, the Note shall be valid nevertheless. 

           

          A Note shall not be valid until an authorized officer of the Trustee authenticates manually the Note.  The signature of the Trustee on a Note shall be conclusive evidence that such Note has been duly and validly
            authenticated and issued under this Indenture.  A Note shall be dated the date of its authentication.

           

          At any time and from time to time after the execution and delivery of this Indenture, the Trustee shall authenticate and make available for delivery:  (1) Initial Notes for original issue on the Issue Date in an
            aggregate principal amount of $1,150,000,000, and (2) subject to the terms of this Indenture, Additional Notes for original issue in an unlimited principal amount, in each case upon a written order of the Issuer signed by an Officer of the
            Issuer (the “Issuer Order”). Such Issuer Order shall specify whether the Notes will be in the form of Definitive Notes or Global Notes, the amount of the Notes to be authenticated, the date on which the original issue of Notes is to be
            authenticated, the Holder of the Notes and whether the Notes are to be Initial Notes or Additional Notes.

           

          The Trustee may appoint an agent (the “Authenticating Agent”) reasonably acceptable to the Issuer to authenticate the Notes.  Any such appointment shall be evidenced by an instrument signed by a Trust
            Officer, a copy of which shall be furnished to the Issuer.  Unless limited by the terms of such appointment, any such Authenticating Agent may authenticate Notes whenever the Trustee may do so.  Each reference in this Indenture to
            authentication by the Trustee includes authentication by the Authenticating Agent.  An Authenticating Agent has the same rights as any Registrar, Paying Agent or agent for service of notices and demands.

           

          In case the Issuer or any Guarantor, pursuant to Article IV or Section 10.2, as applicable, shall be consolidated or merged with or into any other Person or shall
            convey, transfer, lease or otherwise dispose of its properties and assets substantially as an entirety to any Person, and the successor Person resulting from such consolidation, or surviving such merger, or into which the Issuer or any
            Guarantor shall have been merged, or the Person which shall have received a conveyance, transfer, lease or other disposition as aforesaid, shall have executed an indenture supplemental hereto with the Trustee pursuant to Article IV, any
            of the Notes authenticated or delivered prior to such consolidation, merger, conveyance, transfer, lease or other disposition may (but shall not be required), from time to time, at the request of the successor Person, be exchanged for other
            Notes executed in the name of the successor Person with such changes in phraseology and form as may be appropriate to reflect such successor Person, but otherwise in substance of like tenor as the Notes surrendered for such exchange and of like
            principal amount; and the Trustee, upon the Issuer Order of the successor Person, shall authenticate and make available for delivery Notes as specified in such order for the purpose of such exchange.  If Notes shall at any time be authenticated
            and delivered in any new name of a successor Person pursuant to this Section 2.2 in exchange or substitution for or upon registration of transfer of any Notes, such successor Person, at the option of the Holders but without expense to
            them, shall provide for the exchange of all Notes at the time outstanding for Notes authenticated and delivered in such new name.

           

          
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          SECTION 2.3.      Registrar and Paying Agent.  The Issuer shall maintain an office or agency where Notes may be presented for registration of transfer or for exchange (the “Registrar”)

            and an office or agency where Notes may be presented for payment.  The Registrar shall keep a register of the Notes and of their transfer and exchange (the “Notes Register”).  The Issuer may have one or more co-registrars and one or more
            additional paying agents.  The term “Paying Agent” includes any additional paying agent and the term “Registrar” includes any co-registrar. 

           

          The Issuer shall enter into an appropriate agency agreement with any Registrar or Paying Agent not a party to this Indenture.  The agreement shall implement the provisions of this Indenture that relate to such
            agent.  The Issuer shall notify the Trustee in writing of the name and address of each such agent.  If the Issuer fails to maintain a Registrar or Paying Agent, the Trustee shall act as such and shall be entitled to appropriate compensation
            therefor pursuant to Section 7.7.  The Issuer or any Guarantor may act as Paying Agent, Registrar or Transfer Agent.

           

          The Issuer initially appoints DTC to act as Depositary with respect to the Global Notes.  The Issuer initially appoints the Trustee as Registrar and Paying Agent for the Notes.  The Issuer may change any Registrar
            or Paying Agent without prior notice to the Holders, but upon written notice to such Registrar or Paying Agent and to the Trustee; provided, however, that no
            such removal shall become effective until (i) acceptance of any appointment by a successor as evidenced by an appropriate agreement entered into by the Issuer and such successor Registrar or Paying Agent, as the case may be, and delivered to
            the Trustee and the passage of any waiting or notice periods required by DTC procedures or (ii) written notification to the Trustee that the Trustee shall serve as Registrar or Paying Agent until the appointment of a successor in accordance
            with clause (i) above.  The Registrar or Paying Agent may resign at any time upon written notice to the Issuer and the Trustee.

           

          SECTION 2.4.      Paying Agent to Hold Money in
              Trust.  By no later than 11:00 a.m. (New York City time) on the date on which any principal of, premium, if any, or interest on any Note is due and payable, the Issuer shall deposit with the Paying Agent a sum sufficient in immediately
            available funds to pay such principal, premium or interest when due.  The Issuer shall require each Paying Agent (other than the Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of Holders or the Trustee
            all money held by such Paying Agent for the payment of principal of, premium, if any, or interest on the Notes (whether such assets have been distributed to it by the Issuer or other obligors on the Notes), shall notify the Trustee in writing
            of any default by the Issuer or any Guarantor in making any such payment and shall during the continuance of any default by the Issuer (or any other obligor upon the Notes) in the making of any payment in respect of the Notes, upon the written
            request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such Paying Agent for payment in respect of the Notes together with a full accounting thereof.  If the Issuer or any of its Subsidiaries acts as Paying Agent, it
            shall segregate the money held by it as Paying Agent and hold it as a separate trust fund.  The Issuer at any time may require a Paying Agent (other than the Trustee) to pay all money held by it to the Trustee and to account for any funds or
            assets disbursed by such Paying Agent.  Upon complying with this Section 2.4, the Paying Agent (if other than the Issuer or a Subsidiary of the Issuer) shall have no further liability for the money delivered to the Trustee.  Upon any
            bankruptcy, reorganization or similar proceeding with respect to the Issuer, the Trustee shall serve as Paying Agent for the Notes. 

           

          SECTION 2.5.       Holder Lists.  The
            Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Holders.  If the Trustee is not the Registrar, the Issuer, on its own behalf and each of the Guarantors,
            shall furnish or cause the Registrar to furnish to the Trustee, in writing at least five (5) Business Days before each interest payment date and at such other times as the Trustee may request in writing, a list in such form and as of such date
            as the Trustee may reasonably require of the names and addresses of Holders. 

           

          
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          SECTION 2.6.      Transfer and Exchange. 

           

          (a)          A Holder may transfer a Note (or a beneficial interest therein) to another Person or exchange a Note (or a beneficial interest therein) for another Note or Notes of any authorized denomination by
            presenting to the Registrar a written request therefor stating the name of the proposed transferee or requesting such an exchange, accompanied by any certification, opinion or other document required by this Section 2.6.  The Registrar
            will promptly register any transfer or exchange that meets the requirements of this Section 2.6 by noting the same in the Notes Register maintained by the Registrar for the purpose, and no transfer or exchange will be effective until it
            is registered in such Notes Register.  The transfer or exchange of any Note (or a beneficial interest therein) may only be made in accordance with this Section 2.6 and Section 2.1(e) and 2.1(f), as applicable, and, in
            the case of a Global Note (or a beneficial interest therein), the applicable rules and procedures of DTC, Euroclear and Clearstream.  The Registrar shall refuse to register any requested transfer or exchange that does not comply with this
            paragraph.

           

          (b)          Transfers of Rule 144A Notes and Institutional Accredited Investor Notes.  The following provisions shall apply with respect to any proposed registration of transfer of a Rule 144A Note or an
            Institutional Accredited Investor Note prior to the date that is one year after the later of the date of its original issue and the last date on which the Issuer or any of its Affiliates was the owner of such Notes (or any predecessor thereto)
            (the “Resale Restriction Termination Date”):

           

          (1)          a registration of transfer of a Rule 144A Note or an Institutional Accredited Investor Note or a beneficial interest therein to a QIB shall be made upon the representation of the
            transferee in the form as set forth on the reverse of the Note that it is purchasing for its own account or an account with respect to which it exercises sole investment discretion and that it and any such account is a “qualified institutional
            buyer” within the meaning of Rule 144A, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding the Issuer as the undersigned has requested pursuant to Rule 144A
            or has determined not to request such information and that it is aware that the transferor is relying upon its foregoing representations in order to claim the exemption from registration provided by Rule 144A; provided

            that no such written representation or other written certification shall be required in connection with the transfer of a beneficial interest in the Rule 144A Global Note to a transferee in the form of a beneficial interest in that Rule
            144A Global Note in accordance with this Indenture and the applicable procedures of DTC;

           

          (2)          a registration of transfer of a Rule 144A Note or an Institutional Accredited Investor Global Note or a beneficial interest therein to an IAI or an AI shall
            be made upon receipt by the Registrar or its agent of a certificate substantially in the form set forth in Section 2.8 or Section 2.10, respectively, from the proposed transferee and the delivery of an Opinion of Counsel,
            certification and/or other information satisfactory to the Issuer; and

           

          (3)          a registration of transfer of a Rule 144A Note or an Institutional Accredited Investor Note or a beneficial interest therein to a Non‐U.S. Person shall be made upon receipt by the
            Registrar or its agent of a certificate substantially in the form set forth in Section 2.9 from the proposed transferee and the delivery of an Opinion of Counsel, certification and/or other information satisfactory to the Issuer.

           

          (c)          Transfers of Regulation S Notes.  The following provisions shall apply with respect to any proposed transfer of a Regulation S Note prior to the expiration of the Restricted Period:

           

          (1)          a transfer of a Regulation S Note or a beneficial interest therein to a QIB shall be made upon the representation of the transferee, in the form of assignment on the reverse of the
            certificate, that it is purchasing the Note for its own account or an account with respect to which it exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A,
            is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding the Issuer as the undersigned has requested pursuant to Rule 144A or has determined not to request such
            information and that it is aware that the transferor is relying upon its foregoing representations in order to claim the exemption from registration provided by Rule 144A;

           

          
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          (2)          a transfer of a Regulation S Note or a beneficial interest therein to an IAI or an AI shall be made upon receipt by the Registrar or its agent of a
            certificate substantially in the form set forth in Section 2.8 or Section 2.10, respectively, from the proposed transferee and the delivery of an Opinion of Counsel, certification and/or other information satisfactory to the
            Issuer; and

           

          (3)          a transfer of a Regulation S Note or a beneficial interest therein to a Non‐U.S. Person shall be made upon receipt by the Registrar or its agent of a certificate substantially in the
            form set forth in Section 2.9 hereof from the proposed transferee and receipt by the Registrar or its agent of an Opinion of Counsel, certification and/or other information satisfactory to the Issuer.

           

          After the expiration of the Restricted Period, interests in the Regulation S Note may be transferred in accordance with applicable law without requiring the certification set forth in Section 2.9 or any
            additional certification.

           

          (d)          Restricted Notes Legend.  Upon the transfer, exchange or replacement of Notes not bearing a Restricted Notes Legend, the Registrar shall deliver Notes that do not
            bear a Restricted Notes Legend.  Upon the transfer, exchange or replacement of Notes bearing a Restricted Notes Legend, the Registrar shall deliver only Notes that bear a Restricted Notes Legend unless (1)  an Initial Note is being transferred
            pursuant to an effective registration statement, (2) Initial Notes are being exchanged for Notes that do not bear the Restricted Notes Legend in accordance with Section 2.6(e) or (3) there is delivered to the Registrar an Opinion of
            Counsel reasonably satisfactory to the Issuer to the effect that neither such legend nor the related restrictions on transfer are required in order to maintain compliance with the provisions of the Securities Act.  Any Additional Notes sold in
            a registered offering shall not be required to bear the Restricted Notes Legend.

           

          (e)          [Reserved].

           

          (f)          Retention of Written Communications.  The Registrar shall retain copies of all letters, notices and other written communications received pursuant to Section 2.1 or this Section 2.6. 

            The Issuer shall have the right to inspect and make copies of all such letters, notices or other written communications, at the Issuer’s expense, at any reasonable time upon the giving of reasonable prior written notice to the Registrar.

           

          (g)          Obligations with Respect to Transfers and Exchanges of Notes.  To permit registrations of transfers and exchanges, the Issuer shall, subject to the other terms and conditions of this Article
              II, execute and the Trustee shall authenticate Definitive Notes and Global Notes at the Issuer’s and the Registrar’s written request.

           

          No service charge shall be made to a Holder for any registration of transfer or exchange, but the Issuer may require the Holder to pay a sum sufficient to cover any transfer tax assessments or similar governmental
            charge payable in connection therewith (other than any such transfer taxes, assessments or similar governmental charges payable upon exchange or transfer pursuant to Sections 2.2, 2.6, 2.11, 2.13, 3.5, 5.6
            or 9.5).

           

          The Issuer (and the Registrar) shall not be required to register the transfer of or exchange of any Note (A) for a period beginning (1) fifteen (15) calendar days before the mailing (or electronic delivery) of a
            notice of an offer to repurchase or redeem Notes and ending at the close of business on the day of such mailing (or electronic delivery) or (2) fifteen (15) calendar days before an interest payment date and ending on such interest payment date
            or (B) called for redemption, except the unredeemed portion of any Note being redeemed in part.

           

          Prior to the due presentation for registration of transfer of any Note, the Issuer, the Trustee, the Paying Agent or the Registrar  may deem and treat the person in whose name a Note is registered as the owner of
            such Note for the purpose of receiving payment of principal of, premium, if any, and (subject to paragraph 2 of the forms of Notes attached hereto as Exhibit A) interest on such Note and for all other purposes whatsoever, including
            without limitation the transfer or exchange of such Note, whether or not such Note is overdue, and none of the Issuer, the Trustee, the Paying Agent or the Registrar shall be affected by notice to the contrary.

           

          
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          Any Definitive Note delivered in exchange for an interest in a Global Note pursuant to Section 2.1(f) shall, except as otherwise provided by Section 2.6(d), bear the applicable legend regarding
            transfer restrictions applicable to the Definitive Note set forth in Section 2.1(d)(1).

           

          All Notes issued upon any transfer or exchange pursuant to the terms of this Indenture shall evidence the same debt and shall be entitled to the same benefits under this Indenture as the Notes surrendered upon such
            transfer or exchange.

           

          (h)          No Obligation of the Trustee.  (1)  The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Note, a member of, or a participant in, DTC or other Person with
            respect to the accuracy of the records of DTC or its nominee or of any participant or member thereof, with respect to any ownership interest in the Notes or with respect to the delivery to any participant, member, beneficial owner or other
            Person (other than DTC) of any notice (including any notice of redemption or purchase) or the payment of any amount or delivery of any Notes (or other security or property) under or with respect to such Notes.  All notices and communications to
            be given to the Holders and all payments to be made to Holders in respect of the Notes shall be given or made only to or upon the order of the registered Holders (which shall be DTC or its nominee in the case of a Global Note).  The rights of
            beneficial owners in any Global Note shall be exercised only through DTC subject to the applicable rules and procedures of DTC.  The Trustee may rely and shall be fully protected in relying upon information furnished by DTC with respect to its
            members, participants and any beneficial owners.

           

          Neither the Registrar nor the Trustee shall have any obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with
            respect to any transfer of any interest in any Note (including any transfers between or among DTC participants, members or beneficial owners in any Global Note) other than to require delivery of such certificates and other documentation or
            evidence as are expressly required by, and to do so if and when expressly required by, the terms of this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. Neither the Trustee
            nor any of its agents shall have any responsibility for any actions taken or not taken by DTC.

           

          SECTION 2.7.      [Reserved]. 

           

          SECTION 2.8.      Form of Certificate to be Delivered in Connection with
              Transfers to IAIs. 

           

          [Date]

          Frontier Communications Corporation

          401 Merritt 7

          Norwalk, Connecticut 06851

          Facsimile: (203) 614-4651

          Attention: Mark D. Nielsen, Executive Vice President & Chief Legal Officer

          

          

          Wilmington Trust, National Association, as Trustee

          50 South Sixth Street, Suite 1290

          Minneapolis, Minnesota 55402

          Attention: Frontier Communications Notes Administrator

          Telecopy:  (612) 217-5651

          

          

          	Re:	
                  Frontier Communications Corporation (the “Issuer”)

                

           

          
            -71-

            
              

          

          Ladies and Gentlemen:

           

          This certificate is delivered to request a transfer of $[          ] principal amount of the 5.875% First Lien Secured Notes due 2027 (the “Notes”) of the Issuer.

           

          Upon transfer, the Notes would be registered in the name of the new beneficial owner as follows:

          

          

          
            	
                    Name:

                  	

                  
	

                  	

                  

          

          
            	
                    Address:

                  	

                  
	

                  	

                  

          

          
            	
                    Taxpayer ID Number:

                  	

                  

          

           

          The undersigned represents and warrants to you that:

           

          

          	

                	1.	
                  We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933, as amended (the “Securities Act”)) purchasing for our own account or for the account of such an
                    institutional “accredited investor” of at least $250,000 principal amount of the Notes, and we are acquiring the Notes not with a view to, or for offer or sale in connection with, any distribution in violation of the Securities Act. We
                    have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risk of our investment in the Notes and we invest in or purchase securities similar to the Notes in the normal course of
                    our business. We and any accounts for which we are acting are each able to bear the economic risk of our or its investment.

                

           

          

          	

                	2.	
                  We understand that the Notes have not been registered under the Securities Act and, unless so registered, may not be sold except as permitted in the following sentence. We agree on our own behalf and on behalf of any investor account
                    for which we are purchasing Notes to offer, sell or otherwise transfer such Notes prior to the date that is one year after the later of the date of original issue and the last date on which the Issuer or any of its Affiliates was the
                    owner of such Notes (or any predecessor thereto) (the “Resale Restriction Termination Date”) only (a) to the Issuer or any of its Subsidiaries, (b) pursuant to an effective registration statement under the Securities Act, (c) in
                    a transaction complying with the requirements of Rule 144A under the Securities Act, to a person we reasonably believe is a “qualified institutional buyer” under Rule 144A of the Securities Act (a “QIB”) that is purchasing for
                    its own account or for the account of a QIB and to whom notice is given that the transfer is being made in reliance on Rule 144A, (d) pursuant to offers and sales to non-U.S. persons that occur outside the United States within the
                    meaning of Regulation S under the Securities Act, (e) to an institutional “accredited investor” within the meaning of Rule 501(a) (1), (2), (3) or (7) under the Securities Act that is purchasing for its own account or for the account of
                    such an institutional “accredited investor,” in each case in a minimum principal amount of Notes of $250,000 for investment purposes and not with a view to or for offer or sale in connection with any distribution in violation of the
                    Securities Act or (f) pursuant to any other available exemption from the registration requirements of the Securities Act, subject in each of the foregoing cases to any requirement of law that the disposition of our property or the
                    property of such investor account or accounts be at all times within our or their control and in compliance with any applicable state securities laws. The foregoing restrictions on resale will not apply subsequent to the Resale
                    Restriction Termination Date. If any resale or other transfer of the Notes is proposed to be made pursuant to clause (e) above prior to the Resale Restriction Termination Date, the transferor shall deliver a letter from the transferee
                    substantially in the form of this letter to the Issuer and the Trustee, which shall provide, among other things, that the transferee is an institutional “accredited investor” (within the meaning of Rule 501(a)(1), (2), (3) or (7) under
                    the Securities Act) and that it is acquiring such Notes for investment purposes and not for distribution in violation of the Securities Act. Each purchaser acknowledges that the Issuer and the Trustee reserve the right prior to any
                    offer, sale or other transfer prior to the Resale Termination Date of the Notes pursuant to clauses (d), (e) or (f) above to require the delivery of an opinion of counsel, certifications and/or other information satisfactory to the
                    Issuer.

                

           

          

          	

                	3.	
                  We [are][are not] an Affiliate of the Issuer.

                

           

          

          
            -72-

            
              

          

          	

                	
                  TRANSFEREE:

                	
                  

                  

                
	

                	

                	

                

          	

                	BY:

                	 

                

          

          

           

          SECTION 2.9.      Form of Certificate to be
              Delivered in Connection with Transfers Pursuant to Regulation S. 

           

          [Date]

          Frontier Communications Corporation

          401 Merritt 7

          Norwalk, Connecticut 06851

          Facsimile: (203) 614-4651

          Attention: Mark D. Nielsen, Executive Vice President & Chief Legal Officer

          

          

          Wilmington Trust, National Association, as Trustee

          50 South Sixth Street, Suite 1290

          Minneapolis, Minnesota 55402

          Attention: Frontier Communications Notes Administrator

          Telecopy:  (612) 217-5651

          

          

          	Re:	
                  Frontier Communications Corporation (the “Issuer”)

                

           

          Ladies and Gentlemen:

           

          This certificate is delivered to request a transfer of $[          ] principal amount of the 5.875% First Lien Secured Notes due 2027 (the “Notes”) of the Issuer.

           

          In connection with our proposed sale of $[________] aggregate principal amount of the Notes, we confirm that such sale has been effected pursuant to and in accordance with Regulation S (“Regulation S”) under
            the United States Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, we represent that:

           

          (a)          the offer of the Notes was not made to a person in the United States;

           

          (b)          either (i) at the time the buy order was originated, the transferee was outside the United States or we and any person acting on our behalf reasonably believed that the transferee
            was outside the United States or (ii) the transaction was executed in, on or through the facilities of a designated off‐shore securities market and neither we nor any person acting on our behalf knows that the transaction has been pre‐arranged
            with a buyer in the United States;

           

          (c)          no directed selling efforts have been made in the United States in contravention of the requirements of Rule 903(a)(2) or Rule 904(a)(2) of Regulation S, as applicable; and

           

          (d)          the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

           

          In addition, if the sale is made during a restricted period and the provisions of Rule 903(b)(2), Rule 903(b)(3) or Rule 904(b)(1) of Regulation S are applicable thereto, we confirm that such sale has been made in
            accordance with the applicable provisions of Rule 903(b)(2), Rule 903(b)(3) or Rule 904(b)(1), as the case may be.

           

          We also hereby certify that we [are][are not] an Affiliate of the Issuer and, to our knowledge, the transferee of the Notes [is][is not] an Affiliate of the Issuer.

           

          
            -73-

            
              

          

          The Trustee and the Issuer are entitled to conclusively rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal
            proceedings or official inquiry with respect to the matters covered hereby.  Terms used in this certificate and not otherwise defined herein have the meanings set forth in Regulation S.

           

          	

                	
                  Very truly yours,

                
	

                	 
	

                	
                  [Name of Transferor]

                
	 	 
	

                	
                  By:

                	

                	 
	

                	 	
                  Authorized Signature

                

           

          SECTION 2.10.    Form of Certificate to be Delivered in Connection with
              Transfers to AIs. 

           

          [Date]

          Frontier Communications Corporation

          401 Merritt 7

          Norwalk, Connecticut 06851

          Facsimile: (203) 614-4651

          Attention: Mark D. Nielsen, Executive Vice President & Chief Legal Officer

          

          

          Wilmington Trust, National Association, as Trustee

          50 South Sixth Street, Suite 1290

          Minneapolis, Minnesota 55402

          Attention: Frontier Communications Notes Administrator

          Telecopy:  (612) 217-5651

           

          

          	Re:	
                  Frontier Communications Corporation (the “Issuer”)

                

           

          Ladies and Gentlemen:

           

          This certificate is delivered to request a transfer of $[          ] principal amount of the 5.875% First Lien Secured Notes due 2027 (the “Notes”) of the Issuer.

           

          Upon transfer, the Notes would be registered in the name of the new beneficial owner as follows:

           

          
            	
                    Name:

                  	

                  
	 	

                  

          

          
            	
                    Address:

                  	

                  
	 	

                  

          

          
            	
                    Taxpayer ID Number:

                  	

                  

          

           

          The undersigned represents and warrants to you that:

           

          	

                	4.	
                  I am an “accredited investor” (as defined in Rule 501(a)(4) under the U.S. Securities Act of 1933, as amended (the “Securities Act”)) and I am acquiring the Notes not with a view to, or for offer or sale in connection with,
                    any distribution in violation of the Securities Act. I have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risk of my investment in the Notes and I invest in or purchase
                    securities similar to the Notes in the normal course of my business. I am able to bear the economic risk of my investment.

                

           

          
            -74-

            
              

          

          	

                	5.	
                  I understand that the Notes have not been registered under the Securities Act and, unless so registered, may not be sold except as permitted in the following sentence. I agree on my own behalf to offer, sell or otherwise transfer
                    such Notes prior to the date that is one year after the later of the date of original issue and the last date on which the Issuer or any affiliate of the Issuer was the owner of such Notes (or any predecessor thereto) (the “Resale
                      Restriction Termination Date”) only (a) to the Issuer or any of its Subsidiaries, (b) pursuant to an effective registration statement under the Securities Act, (c) in a transaction complying with the requirements of Rule 144A
                    under the Securities Act, to a person I reasonably believe is a “qualified institutional buyer” under Rule 144A of the Securities Act (a “QIB”) that is purchasing for its own account or for the account of a QIB and to whom notice
                    is given that the transfer is being made in reliance on Rule 144A, (d) pursuant to offers and sales to non-U.S. persons that occur outside the United States within the meaning of Regulation S under the Securities Act, (e) to an
                    institutional “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act that is purchasing for its own account or for the account of such an institutional “accredited investor,” in each case in
                    a minimum principal amount of Notes of $250,000 for investment purposes and not with a view to or for offer or sale in connection with any distribution in violation of the Securities Act or (f) pursuant to any other available exemption
                    from the registration requirements of the Securities Act, subject in each of the foregoing cases to any requirement of law that the disposition of my property be at all times within my control and in compliance with any applicable state
                    securities laws. The foregoing restrictions on resale will not apply subsequent to the Resale Restriction Termination Date. Each purchaser acknowledges that the Issuer and the Trustee reserve the right prior to any offer, sale or other
                    transfer prior to the Resale Termination Date of the Notes pursuant to clauses (d), (e) or (f) above to require the delivery of an opinion of counsel, certifications and/or other information satisfactory to the Issuer.

                

           

          

          	

                	6.	
                  I understand and acknowledge that upon the issuance thereof, and until such time as the same is no longer required under applicable requirements of the Securities Act or state securities laws, the Notes that I acquire will be
                    certificated Notes that will bear, and all certificates issued in exchange therefor or in substitution thereof will bear, a restrictive legend set forth in Section 2.1(d) of the Indenture.

                

           

          

          	

                	7.	
                  I [am][am not] an Affiliate of the Issuer.

                

           

          

          	 	
                  TRANSFEREE:

                	

                

          	 	
                  BY:

                	

                

          

          

          SECTION 2.11.    Mutilated, Destroyed, Lost or Stolen Notes. 

           

          If a mutilated Note is surrendered to the Registrar or if the Holder of a Note claims that the Note has been lost, destroyed or wrongfully taken, the Issuer shall issue and the Trustee shall authenticate a
            replacement Note if the requirements of Section 8‐405 of the UCC are met, such that the Holder (a) satisfies the Issuer and the Trustee that such Note has been lost, destroyed or wrongfully taken within a reasonable time after such Holder has
            notice of such loss, destruction or wrongful taking and the Registrar has not registered a transfer prior to receiving such notification, (b) makes such request to the Issuer and the Trustee prior to the Note being acquired by a protected
            purchaser as defined in Section 8‐303 of the UCC (a “protected purchaser”), (c) satisfies any other reasonable requirements of the Trustee and (d) provides an indemnity bond, as more fully described below; provided, however, if after the delivery of such replacement Note, a protected purchaser of the Note for which such replacement Note was issued presents for payment or registration such
            replaced Note, the Trustee and/or the Issuer shall be entitled to recover such replacement Note from the Person to whom it was issued and delivered or any Person taking therefrom, except a protected purchaser, and shall be entitled to recover
            upon the security or indemnity provided therefor to the extent of any loss, damage, cost or expense incurred by the Issuer or the Trustee in connection therewith.  Such Holder shall furnish an indemnity bond sufficient in the judgment of the
            (i) Trustee to protect the Trustee and (ii) the Issuer to protect the Issuer, the Trustee, the Paying Agent and the Registrar, from any loss which any of them may suffer if a Note is replaced, and, in the absence of notice to the Issuer, any
            Guarantor or the Trustee that such Note has been acquired by a protected purchaser, the Issuer shall execute, and upon receipt of an Issuer Order, the Trustee shall authenticate and make available for delivery, in exchange for any such
            mutilated Note or in lieu of any such destroyed, lost or stolen Note, a new Note of like tenor and principal amount, bearing a number not contemporaneously outstanding.

           

          
            -75-

            
              

          

          In case any such mutilated, destroyed, lost or stolen Note has become or is about to become due and payable, the Issuer in its discretion may, instead of issuing a new Note, pay such Note.

           

          Upon the issuance of any new Note under this Section 2.11, the Issuer may require that such Holder pay a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto
            and any other expenses (including the fees and expenses of counsel and of the Trustee) in connection therewith.

           

          Subject to the proviso in the initial paragraph of this Section 2.11, every new Note issued pursuant to this Section 2.11, in lieu of any mutilated, destroyed, lost or stolen Note shall constitute
            an original additional contractual obligation of the Issuer, any Guarantor (if applicable) and any other obligor upon the Notes, whether or not the mutilated, destroyed, lost or stolen Note shall be at any time enforceable by anyone, and shall
            be entitled to all benefits of this Indenture equally and proportionately with any and all other Notes duly issued hereunder.

           

          The provisions of this Section 2.11 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen
            Notes.

           

          SECTION 2.12.    Outstanding Notes.  Notes outstanding at any time are all Notes authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation, those paid pursuant to Section

              2.11 and those described in this Section 2.12 as not outstanding.  A Note does not cease to be outstanding in the event the Issuer or an Affiliate of the Issuer holds the Note; provided, however, that (i) for purposes of determining which are outstanding for consent or voting purposes hereunder, the provisions of Section 14.4 shall apply and (ii) in determining whether the Trustee
            shall be protected in making a determination whether the Holders of the requisite principal amount of outstanding Notes are present at a meeting of Holders of Notes for quorum purposes or have consented to or voted in favor of any request,
            demand, authorization, direction, notice, consent, waiver, amendment or modification hereunder, or relying upon any such quorum, consent or vote, only Notes which a Trust Officer of the Trustee actually knows to be held by the Issuer or an
            Affiliate of the Issuer shall not be considered outstanding. 

           

          If a Note is replaced pursuant to Section 2.11 (other than a mutilated Note surrendered for replacement), it ceases to be outstanding unless the Trustee and the Issuer receives proof satisfactory to them
            that the replaced Note is held by a protected purchaser.  A mutilated Note ceases to be outstanding upon surrender of such Note and replacement pursuant to Section 2.11.

           

          If the Paying Agent segregates and holds in trust, in accordance with this Indenture, on a Redemption Date or maturity date, money sufficient to pay all principal, premium, if any, and accrued interest payable on
            that date with respect to the Notes (or portions thereof) to be redeemed or maturing, as the case may be, and the Paying Agent is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture, then on
            and after that date such Notes (or portions thereof) cease to be outstanding and interest on them ceases to accrue.

           

          SECTION 2.13.    Temporary

              Notes.  In the event that Definitive Notes are to be issued under the terms of this Indenture, until such Definitive Notes are ready for delivery, the Issuer may prepare and the Trustee shall authenticate temporary Notes.  Temporary Notes
            shall be substantially in the form, and shall carry all rights, of Definitive Notes but may have variations that the Issuer considers appropriate for temporary Notes.  Without unreasonable delay, the Issuer shall prepare and the Trustee shall
            authenticate Definitive Notes.  After the preparation of Definitive Notes, the temporary Notes shall be exchangeable for Definitive Notes upon surrender of the temporary Notes at any office or agency maintained by the Issuer for that purpose
            and such exchange shall be without charge to the Holder.  Upon surrender for cancellation of any one or more temporary Notes, the Issuer shall execute, and the Trustee shall, upon receipt of an Issuer Order, authenticate and make available for
            delivery in exchange therefor, one or more Definitive Notes representing an equal principal amount of Notes.  Until so exchanged, the Holder of temporary Notes shall in all respects be entitled to the same benefits under this Indenture as a
            Holder of Definitive Notes. 

           

          
            -76-

            
              

          

          SECTION 2.14.    Cancellation.  The Issuer
            at any time may deliver Notes to the Trustee for cancellation.  The Registrar and the Paying Agent shall forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment.  The Trustee and no one else shall
            cancel all Notes surrendered for registration of transfer, exchange, payment or cancellation and dispose of such Notes in accordance with its internal policies and customary procedures (subject to the record retention requirements of the
            Exchange Act and the Trustee).  If the Issuer or any Guarantor acquires any of the Notes, such acquisition shall not operate as a redemption or satisfaction of the Indebtedness represented by such Notes unless and until the same are surrendered
            to the Trustee for cancellation pursuant to this Section 2.14.  The Issuer may not issue new Notes to replace Notes it has paid or delivered to the Trustee for cancellation for any reason other than in connection with a transfer or
            exchange. 

           

          At such time as all beneficial interests in a Global Note have either been exchanged for Definitive Notes, transferred, redeemed, repurchased or canceled, such Global Note shall be returned by DTC to the Trustee
            for cancellation or retained and canceled by the Trustee.  At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for Definitive Notes, transferred in exchange for an interest in another Global Note,
            redeemed, repurchased or canceled, the principal amount of Notes represented by such Global Note shall be reduced and an adjustment shall be made on the books and records of the Trustee (if it is then the Notes Custodian for such Global Note)
            with respect to such Global Note, by the Trustee or the Notes Custodian, to reflect such reduction.

           

          SECTION 2.15.    Payment

              of Interest; Defaulted Interest.  Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is
            registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. 

           

          Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the
            regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”)
            shall be paid by the Issuer, at its election, as provided in clause (a) or (b) below:

           

          (a)          The Issuer may elect to make payment of any Defaulted Interest to the Persons in whose names the Notes (or their respective predecessor Notes) are registered at the close
            of business on a Special Record Date (as defined below) for the payment of such Defaulted Interest, which shall be fixed in the following manner.  The Issuer shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be
            paid on each Note and the date (not less than 30 days after such notice) of the proposed payment (the “Special Interest Payment Date”), and at the same time the Issuer shall deposit with the Trustee an amount of money equal to the
            aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the
            benefit of the Persons entitled to such Defaulted Interest as in this Section 2.15(a).  Thereupon the Issuer shall fix a record date (the “Special Record Date”) for the payment of such Defaulted Interest, which date shall be not
            more than twenty (20) calendar days and not less than fifteen (15) calendar days prior to the Special Interest Payment Date and not less than ten (10) calendar days after the receipt by the Trustee of the notice of the proposed payment.  The
            Issuer shall promptly notify the Trustee in writing of such Special Record Date, and in the name and at the expense of the Issuer, the Trustee shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date and
            Special Interest Payment Date therefor to be given in the manner provided for in Section 14.1, not less than ten (10) calendar days prior to such Special Record Date.  Notice of the proposed payment of such Defaulted Interest and the
            Special Record Date and Special Interest Payment Date therefor having been so given, such Defaulted Interest shall be paid on the Special Interest Payment Date to the Persons in whose names the Notes (or their respective Predecessor Notes) are
            registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the provisions in Section 2.15(b).

           

          
            -77-

            
              

          

          (b)          The Issuer may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be
            listed, and upon such notice as may be required by such exchange, if, after written notice given by the Issuer to the Trustee of the proposed payment pursuant to this Section 2.15(b), such manner of payment shall be deemed practicable
            by the Trustee.

           

          Subject to the foregoing provisions of this Section 2.15, each Note delivered under this Indenture upon registration of, transfer of or in exchange for or in lieu of any other Note shall carry the rights to
            interest accrued and unpaid, and to accrue, which were carried by such other Note.

           

          SECTION 2.16.    CUSIP and ISIN Numbers. 

           

          The Issuer in issuing the Notes may use “CUSIP” and “ISIN” numbers and, if so, the Trustee shall use “CUSIP and “ISIN” numbers in notices of redemption or purchase as a convenience to Holders; provided, however, that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained
            in any notice of a redemption or purchase and that reliance may be placed only on the other identification numbers printed on the Notes, and any such redemption or purchase shall not be affected by any defect in or omission of such CUSIP and
            ISIN numbers.  The Issuer shall promptly notify the Trustee in writing of any change in the CUSIP and ISIN numbers.

           

          ARTICLE III

           

          

          COVENANTS

           

          SECTION 3.1.      Payment of Notes.  The
            Issuer shall promptly pay the principal of, premium, if any, and interest on the Notes on the dates and in the manner provided in the Notes and in this Indenture.  Principal, premium, if any, and interest shall be considered paid on the date
            due if by 11:00 a.m. New York City time on such date the Trustee or the Paying Agent holds in accordance with this Indenture money sufficient to pay all principal, premium, if any, and interest then due and the Trustee or the Paying Agent, as
            the case may be, is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture. 

           

          The Issuer shall pay interest on overdue principal at the rate specified therefor in the Notes, and it shall pay interest on overdue installments of interest at the same rate to the extent lawful.

           

          Notwithstanding anything to the contrary contained in this Indenture, the Issuer may, to the extent they are required to do so by law, deduct or withhold income or other similar taxes imposed by the United States
            of America from principal or interest payments hereunder.

           

          SECTION 3.2.      Limitation on Indebtedness. 

           

          (a)          The Company shall not, and shall not permit any of its Restricted Subsidiaries to, incur any Indebtedness (including Acquired Indebtedness); provided, however, that the Issuer and any of the Guarantors may incur Indebtedness (including Acquired Indebtedness), if on the date of such incurrence and after
            giving pro forma effect thereto (including pro forma application of the proceeds thereof), the Consolidated Total Leverage Ratio would have been no greater than 4.50 to 1.00.

           

          (b)          Section 3.2(a) will not prohibit the incurrence of the following Indebtedness (collectively, “Permitted Debt”):

           

          
            -78-

            
              

          

          (1)          Indebtedness incurred under any Credit Facility (including letters of credit or bankers’ acceptances issued or created under any Credit Facility), and Guarantees in respect of such
            Indebtedness, up to an aggregate principal amount at the time of incurrence not exceeding the sum of (a) $1,125.0 million plus the aggregate amount of Indebtedness outstanding on the Issue Date under the Prepetition Credit Agreement, (b) (x)
            prior to the Conversion Date, $1,375 million and (y) after the Conversion Date, the greater of $1,375.0 million and 50.0% of LTM EBITDA and (c) an additional amount (with any amounts incurred under this subclause (c) deemed to be Secured
            Indebtedness with Pari Passu Lien Priority for this purpose) after all amounts have been incurred under clauses (1)(a) and (b), if after giving pro forma effect to the incurrence of such additional amount and the application of the proceeds
            therefrom, the Consolidated First Lien Secured Leverage Ratio would be no greater than 1.35 to 1.00 outstanding at any one time, and any Refinancing Indebtedness in respect thereof;

           

          (2)          Guarantees by the Issuer or any Restricted Subsidiary of Indebtedness or other obligations of the Issuer or any Restricted Subsidiary so long as the incurrence of such Indebtedness
            or other obligations is not prohibited by the terms of this Indenture;

           

          (3)          Indebtedness of the Issuer to any Restricted Subsidiary or Indebtedness of a Restricted Subsidiary to the Issuer or any Restricted Subsidiary; provided,

              however, that:

           

          	

                	(i)	
                  any subsequent issuance or transfer of Capital Stock or any other event which results in any such Indebtedness being held by a Person other than the Issuer or a Restricted Subsidiary, and

                

           

          	

                	(ii)	
                  any sale or other transfer of any such Indebtedness to a Person other than the Issuer or a Restricted Subsidiary,

                

           

          shall be deemed, in each case, to constitute an incurrence of such Indebtedness by the Issuer or such Restricted Subsidiary, as the case may be;

           

          (4)          Indebtedness represented by (a) the Notes (other than any Additional Notes), including any Guarantee thereof, (b) the Prepetition Second Lien Notes,
            including any Guarantee thereof, (c) the Existing Unsecured Notes, including any Guarantee thereof, (d) any Indebtedness (other than Indebtedness incurred pursuant to clauses (1), (4)(a), 4(b), 4(c),4(e) and 4(h) of this Section 3.2(b))
            outstanding on the Issue Date and any Guarantees thereof, (e) the Subsidiary Notes, (f) Refinancing Indebtedness (including, with respect to the Notes and any Guarantee thereof) incurred in respect of any Indebtedness described in this clause
            (4) (other than clause 4(c)) or clauses (2) or (5) of this Section 3.2(b) or incurred pursuant to Section 3.2(a), (g) Management Advances and (h) obligations in an amount not to exceed $49 million with respect to letters of
            credit that are issued to replace letters of credit outstanding as of the Issue Date and that, if secured are secured only by Liens permitted under clause (44) of the definition of “Permitted Liens”;

           

          (5)          Indebtedness of (x) the Issuer or any Restricted Subsidiary incurred or issued to finance an acquisition or Investment or (y) Persons that are acquired by
            the Issuer or any Restricted Subsidiary or merged into, amalgamated or consolidated with the Issuer or a Restricted Subsidiary in accordance with the terms of this Indenture (including designating an Unrestricted Subsidiary as a Restricted
            Subsidiary); provided that after giving pro forma effect to such acquisition, merger, amalgamation or consolidation, either:

           

          	

                	(a)	
                  the Issuer would be permitted to incur at least $1.00 of additional Indebtedness pursuant to Section 3.2(a);

                

           

          	

                	(b)	
                  the Consolidated Total Leverage Ratio of the Issuer and its Restricted Subsidiaries would not be higher than it was immediately prior to such acquisition, merger, amalgamation or consolidation; or

                

           

          
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                	(c)	
                  such Indebtedness constitutes Acquired Indebtedness (other than Indebtedness incurred in contemplation of the transaction or series of related transactions pursuant to which such Person became a Restricted Subsidiary or was otherwise
                    acquired by the Issuer or a Restricted Subsidiary); provided that, in the case of this clause (c), the only obligors with respect to such Indebtedness shall be those Persons who were obligors of
                    such Indebtedness prior to such acquisition, merger, amalgamation or consolidation.

                

           

          (6)          Hedging Obligations (excluding Hedging Obligations entered into for speculative purposes);

           

          (7)          Indebtedness (i) represented by Capitalized Lease Obligations or Purchase Money Obligations and (ii) arising out of Sale and Leaseback Transactions, in an aggregate outstanding
            principal amount, which, in the case of each of subclause (i) and (ii), when taken together with the principal amount of all other Indebtedness incurred pursuant to subclauses (i) and (ii) and then outstanding, does not exceed (x) prior to the
            Conversion Date, $400 million and (y), after the Conversion Date, the greater of (a) $700 million and (b) 25% of LTM EBITDA at the time of incurrence, and any Refinancing Indebtedness in respect thereof;

           

          (8)          Indebtedness in respect of (a) workers’ compensation claims, health, disability or other employee benefits, property, casualty or liability insurance, self-insurance obligations,
            customer guarantees, performance, indemnity, surety, judgment, bid, appeal, advance payment (including progress premiums), customs, value added or other tax or other guarantees or other similar bonds, instruments or obligations, completion
            guarantees and warranties or relating to liabilities, obligations or guarantees incurred in the ordinary course of business or consistent with past practice; (b) 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 or consistent with past practice; (c) customer deposits and advance payments (including progress premiums) received from customers for goods or services purchased in
            the ordinary course of business or consistent with past practice; (d) letters of credit, bankers’ acceptances, discounted bills of exchange, discounting or factoring of receivables or payables for credit management purposes, warehouse receipts,
            guarantees or other similar instruments or obligations issued or entered into, or relating to liabilities or obligations incurred in the ordinary course of business or consistent with past practice; (e) Cash Management Obligations; and (f)
            Settlement Indebtedness;

           

          (9)          Indebtedness arising from agreements providing for guarantees, indemnification, obligations in respect of earn-outs, deferred purchase price or other adjustments of purchase price
            or, in each case, similar obligations, in each case, incurred or assumed in connection with the acquisition or disposition of any business, assets, a Person (including any Capital Stock of a Subsidiary) or Investment (other than Guarantees of
            Indebtedness incurred by any Person acquiring or disposing of such business, assets, Person or Investment for the purpose of financing such acquisition or disposition);

           

          (10)        Indebtedness in an aggregate outstanding principal amount which, when taken together with the principal amount of all other Indebtedness incurred pursuant to this clause and then
            outstanding, will not exceed 100% of the net after tax cash proceeds received by the Issuer from the issuance or sale (other than to a Restricted Subsidiary) of its Capital Stock or otherwise contributed to the equity (in each case, other than
            through the issuance of Disqualified Stock, Designated Preferred Stock or an Excluded Contribution) of the Issuer, in each case, subsequent to the Issue Date, and any Refinancing Indebtedness in respect thereof; provided, however, that (i) any such net after tax cash proceeds that are so received or contributed shall not increase the amount available for making Restricted Payments to the
            extent the Issuer and its Restricted Subsidiaries incur Indebtedness in reliance thereon and (ii) any net after tax cash proceeds that are so received or contributed shall be excluded for purposes of incurring Indebtedness pursuant to this
            clause to the extent such net after tax cash proceeds or cash have been applied to make Restricted Payments;

           

          
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          (11)        Indebtedness of Non-Guarantors in an aggregate principal amount not to exceed (x) prior to the Conversion Date, $625 million and (B) after the Conversion Date, the greater of (a) $625
            million and (b) 22.5% of LTM EBITDA at the time of incurrence, and any Refinancing Indebtedness in respect thereof;

           

          (12)        (a) Indebtedness issued by the Issuer or any of its Subsidiaries to any future, present or former employee, director, officer, manager, contractor, consultant or advisor (or their
            respective Controlled Investment Affiliates or Immediate Family Members) of the Issuer, any of its Subsidiaries or any Parent Entity, in each case to finance the purchase or redemption of Capital Stock of the Issuer or any Parent Entity that is
            permitted by Section 3.3 and (b) Indebtedness consisting of obligations under deferred compensation or any other similar arrangements incurred in the ordinary course of business, consistent with past practice or in connection with the
            Transactions, any Investment or any acquisition (by merger, consolidation, amalgamation or otherwise);

           

          (13)        Indebtedness of the Issuer or any of its Restricted Subsidiaries consisting of (i) the financing of insurance premiums or (ii) take-or-pay obligations contained in supply
            arrangements, in each case incurred in the ordinary course of business or consistent with past practice;

           

          (14)        Indebtedness of the Issuer or any of the Guarantors in an aggregate outstanding principal amount which, when taken together with the principal amount of all other Indebtedness
            incurred pursuant to this clause and then outstanding and any Refinancing Indebtedness in respect thereof, will not exceed (x) prior to the Conversion Date, $500 million and (y) after the Conversion Date, the greater of (i) $1 billion and (ii)
            35% of LTM EBITDA;

           

          (15)        Indebtedness in respect of any Qualified Securitization Financing or any Receivables Facility;

           

          (16)       any obligation, or guaranty of any obligation, of the Issuer or any Restricted Subsidiary to reimburse or indemnify a Person extending credit to customers of the Issuer or a Restricted
            Subsidiary incurred in the ordinary course of business or consistent with past practice for all or any portion of the amounts payable by such customers to the Person extending such credit;

           

          (17)       Indebtedness to a customer to finance the acquisition of any equipment necessary to perform services for such customer; provided that the terms of such Indebtedness are consistent with
            those entered into with respect to similar Indebtedness prior to the Issue Date, including, if so consistent, that (i) the repayment of such Indebtedness is conditional upon such customer ordering a specific amount of goods or services and (ii)
            such Indebtedness does not bear interest or provide for scheduled amortization or maturity;

           

          (18)        Indebtedness incurred by the Issuer or any of its Restricted Subsidiaries to the extent that the net proceeds thereof are promptly deposited with the Trustee to satisfy or discharge
            the Notes or exercise the Issuer’s legal defeasance or covenant defeasance, in each case, in accordance with this Indenture;

           

          (19)       Indebtedness of the Issuer or any of its Restricted Subsidiaries arising pursuant to any Permitted Intercompany Activities, Permitted Tax Restructuring or related transactions;

           

          (20)        the incurrence by the Issuer and the Guarantors of Indebtedness represented by the Takeback Debt on or about the Conversion Date in an aggregate principal amount outstanding at the
            time of incurrence not to exceed $750 million, including any Guarantee thereof, and any Refinancing Indebtedness in respect thereof; and

           

          (21)        Indebtedness of the Issuer or any of its Restricted Subsidiaries attributable to any Sale and Leaseback Transaction or similar transaction entered into by the Issuer or any of its
            Restricted Subsidiaries in connection with a Plan Contribution.

           

          
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          (c)          For purposes of determining compliance with, and the outstanding principal amount of any particular Indebtedness incurred pursuant to and in compliance with, this Section 3.2:

           

          (1)          in the event that all or any portion of any item of Indebtedness meets the criteria of more than one of the types of Indebtedness described in Section 3.2(a) and (b), the Issuer, in its sole
            discretion, shall classify, and may from time to time reclassify, such item of Indebtedness (or any portion thereof) and only be required to include the amount and type of such Indebtedness in Section 3.2(a) or one of the clauses of Section

              3.2(b);

           

          (2)          additionally, all or any portion of any item of Indebtedness may later be reclassified as having been incurred pursuant to any type of Indebtedness described in Section 3.2(a) or (b) so
            long as such Indebtedness is permitted to be incurred pursuant to such provision and any related Liens are permitted to be incurred at the time of reclassification (it being understood that any Indebtedness incurred pursuant to one of the
            clauses of Section 3.2(b) shall cease to be deemed incurred or outstanding for purposes of such clause but shall be deemed incurred for the purposes of the Section 3.2(a) from and after the first date on which the Issuer or its
            Restricted Subsidiaries could have incurred such Indebtedness under Section 3.2(a) without reliance on such clause);

           

          (3)          all Indebtedness outstanding on the Issue Date or incurred at the time of or prior to the Conversion Date under any Credit Agreement shall be deemed incurred on the Issue Date, or, if later, the date
            of incurrence of such Indebtedness, under Section 3.2(b)(1) and may not subsequently be reclassified on or prior to the Conversion Date;

           

          (4)          in the case of any Refinancing Indebtedness, when measuring the outstanding amount of such Indebtedness, such amount shall not include the aggregate amount of accrued and unpaid interest, dividends,
            premiums (including tender premiums), defeasance costs, underwriting discounts, fees, costs and expenses (including original issue discount, upfront fees or similar fees) in connection with such refinancing;

           

          (5)          Guarantees of, or obligations in respect of letters of credit, bankers’ acceptances or other similar instruments relating to, or Liens securing, Indebtedness that is otherwise included in the
            determination of a particular amount of Indebtedness shall not be included;

           

          (6)          if obligations in respect of letters of credit, bankers’ acceptances or other similar instruments are incurred pursuant to any Credit Facility and are being treated as incurred pursuant to Section
              3.2(a) or any clause of Section 3.2(b) and the letters of credit, bankers’ acceptances or other similar instruments relate to other Indebtedness, then such other Indebtedness shall not be included;

           

          (7)          the principal amount of any Disqualified Stock of the Issuer or a Restricted Subsidiary, or Preferred Stock of a Restricted Subsidiary, will be equal to the greater of the maximum mandatory redemption
            or repurchase price (not including, in either case, any redemption or repurchase premium) or the liquidation preference thereof;

           

          (8)          Indebtedness permitted by this Section 3.2 need not be permitted solely by reference to one provision permitting such Indebtedness but may be permitted in part by one such provision and in part
            by one or more other provisions of this Section 3.2 permitting such Indebtedness;

           

          (9)          for all purposes under this Indenture, including for purposes of calculating the Consolidated First Lien Secured Leverage Ratio or the Consolidated Total Leverage Ratio, as applicable, in connection
            with the incurrence, issuance or assumption of any Indebtedness pursuant to Section 3.2(a) or Section 3.2(b) or the incurrence or creation of any Lien pursuant to the definition of “Permitted Liens,” the Issuer may elect, at its
            option, to treat all or any portion of the committed amount of any Indebtedness (and the issuance and creation of letters of credit and bankers’ acceptances thereunder) which is to be incurred (or any commitment in respect thereof) or secured
            by such Lien, as the case may be (any such committed amount elected until revoked as described below, the “Reserved Indebtedness Amount”), as being incurred as of such election date, and, if such Consolidated First Lien Secured Leverage
            Ratio, the Consolidated Total Leverage Ratio or other provision of this Indenture, as applicable, is complied with (or satisfied) with respect thereto on such election date, any subsequent borrowing or reborrowing thereunder (and the issuance
            and creation of letters of credit and bankers’ acceptances thereunder) will be deemed to be permitted under this Section 3.2 or the definition of “Permitted Liens,” as applicable, whether or not the Consolidated First Lien Secured
            Leverage Ratio, the Consolidated Total Leverage Ratio or other provision of this Indenture, as applicable, at the actual time of any subsequent borrowing or reborrowing (or issuance or creation of letters of credit or bankers’ acceptances
            thereunder) is complied with (or satisfied) for all purposes (including as to the absence of any continuing Default or Event of Default); provided that for purposes of subsequent calculations of the
            Consolidated First Lien Secured Leverage Ratio, the Consolidated Total Leverage Ratio or other provision of this Indenture, as applicable, the Reserved Indebtedness Amount shall be deemed to be outstanding, whether or not such amount is
            actually outstanding, for so long as such commitments are outstanding or until the Issuer revokes an election of a Reserved Indebtedness Amount;

           

          
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          (10)        notwithstanding anything in this Section 3.2 to the contrary, in the case of any Indebtedness incurred to refinance Indebtedness initially incurred in reliance on a clause of Section 3.2(b)
            measured by reference to a percentage of LTM EBITDA at the time of incurrence, if such refinancing would cause the percentage of LTM EBITDA restriction to be exceeded if calculated based on the percentage of LTM EBITDA on the date of such
            refinancing, such percentage of LTM EBITDA restriction shall not be deemed to be exceeded so long as the principal amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness being refinanced, plus accrued
            and unpaid interest, dividends, premiums (including tender premiums), defeasance costs, underwriting discounts, fees, costs and expenses (including original issue discount, upfront fees or similar fees) in connection with such refinancing; and

           

          (11)        the amount of Indebtedness issued at a price that is less than the principal amount thereof will be equal to the amount of the liability in respect thereof determined in accordance with GAAP.

           

          Accrual of interest, accrual of dividends, the accretion of accreted value, the accretion or amortization of original issue discount, the payment of interest in the form of additional Indebtedness, the payment of
            dividends in the form of additional shares of Preferred Stock or Disqualified Stock or the reclassification of commitments or obligations not treated as Indebtedness due to a change in GAAP, will not be deemed to be an incurrence of
            Indebtedness for purposes of this Section 3.2.

           

          If at any time an Unrestricted Subsidiary becomes a Restricted Subsidiary, any Indebtedness of such Subsidiary shall be deemed to be incurred by a Restricted Subsidiary as of
            such date (and, if such Indebtedness is not permitted to be incurred as of such date under this Section 3.2, the Issuer shall be in default of this Section 3.2).

           

          For purposes of determining compliance with any Dollar-denominated restriction on the incurrence of Indebtedness, the Dollar equivalent principal amount of Indebtedness
            denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was incurred, in the case of term debt, or first committed, in the case of revolving credit debt; provided, that if such Indebtedness is incurred to refinance other Indebtedness denominated in a foreign currency, and such refinancing would cause the applicable Dollar-denominated restriction to be
            exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such Dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing
            Indebtedness does not exceed (a) the principal amount of such Indebtedness being refinanced plus (b) the aggregate amount of accrued and unpaid interest, dividends, premiums (including tender premiums) defeasance costs, underwriting discounts,
            fees, costs and expenses (including original issue discount, upfront fees or similar fees) in connection with such refinancing.

           

          Notwithstanding any other provision of this Section 3.2, the maximum amount of Indebtedness that the Issuer or a Restricted Subsidiary may incur pursuant to this Section

              3.2 shall not be deemed to be exceeded solely as a result of fluctuations in the exchange rate of currencies. The principal amount of any Indebtedness incurred to refinance other Indebtedness, if incurred in a different currency from the
            Indebtedness being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in which such respective Indebtedness is denominated that is in effect on the date of such refinancing.

           

          
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          For the avoidance of doubt, (1) unsecured Indebtedness shall not be treated as subordinated or junior to Secured Indebtedness merely because it is unsecured or (2) senior
            Indebtedness shall not be treated as subordinated or junior to any other senior Indebtedness merely because it has a junior priority with respect to the same collateral or is secured by different collateral or because it is guaranteed by
            different obligors.

           

          SECTION 3.3.      Limitation on Restricted Payments.

           

          (a)          The Company shall not, and shall not permit any of the Restricted Subsidiaries, directly or indirectly, to:

           

          (1)          declare or pay any dividend or make any distribution on or in respect of the Issuer’s or any Restricted Subsidiary’s Capital Stock (including any such
            payment in connection with any merger or consolidation involving the Issuer or any of the Restricted Subsidiaries) except:

           

          (i)            dividends, payments or distributions payable in Capital Stock of the Issuer (other than Disqualified Stock) or in options, warrants or
            other rights to purchase such Capital Stock of the Issuer; and

           

          (ii)           dividends, payments or distributions payable to the Issuer or a Restricted Subsidiary (and, in the case of
            any such Restricted Subsidiary making such dividend or distribution, to holders of its Capital Stock other than the Issuer or another Restricted Subsidiary on no more than a pro rata basis, taking into
            account any Preferred Stock);

           

          (2)          purchase, repurchase, redeem, retire or otherwise acquire or retire for value any Capital Stock of the Issuer or any Parent Entity held by Persons other than the Issuer or a
            Restricted Subsidiary;

           

          (3)          purchase, repurchase, redeem, defease or otherwise acquire or retire for value, prior to scheduled maturity, scheduled repayment or scheduled sinking fund payment, any Subordinated
            Indebtedness (other than (i) any such purchase, repurchase, redemption, defeasance or other acquisition or retirement in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case, due within one
            year of the date of purchase, repurchase, redemption, defeasance or other acquisition or retirement and (ii) any Indebtedness incurred pursuant to Section 3.2(b)(3)); or

           

          (4)          make any Restricted Investment;

           

          (any such dividend, distribution, payment, purchase, redemption, repurchase, defeasance, other acquisition, retirement or Restricted Investment referred to in clauses (1) through (4) above are
            referred to herein as a “Restricted Payment”), if (x) such Restricted Payment is made on or prior to the Conversion Date or (y) at the time the Issuer or such Restricted Subsidiary makes such Restricted Payment:

           

          (i)            other than in the case of a Restricted Investment, an Event of Default shall have occurred and be continuing (or would immediately
            thereafter result therefrom); or

           

          (ii)           the aggregate amount of such Restricted Payment and all other Restricted Payments made subsequent to the
            Conversion Date (and not returned or rescinded) (including Permitted Payments made pursuant to Section 3.3(b)(1) (without duplication) and Section 3.3(b)(7), but excluding all other Restricted Payments permitted by Section
              3.3(b)) would exceed the sum of (without duplication):

           

          
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          (A)          an amount equal to the Issuer’s LTM EBITDA for the period (treated as one accounting period) from the first day of the first fiscal quarter subsequent to the Conversion Date to the
            end of the most recent fiscal quarter ending prior to the date of such Restricted Payment for which consolidated financial statements are available (which may be internal financial statements) (the “Basket Period”) less 1.4 times the
            Issuer’s Fixed Charges for such period; provided, that (1) immediately after giving pro forma effect to the payment of any such Restricted Payment made in reliance on this subclause (i), the
            Consolidated First Lien Secured Leverage Ratio shall be no greater than 1.35 to 1.00 and (2) if the Issuer elects to undertake the Staggered Emergence, no Restricted Payment shall be made in reliance on this sub-clause (i) until the first date
            after such date on which each Designated Entity is a Restricted Subsidiary of the Issuer;

           

          (B)          100% of the aggregate amount of cash, and the fair market value of property or assets or marketable securities, received by the Issuer from the issue or
            sale of its Capital Stock or as the result of a merger or consolidation with another Person subsequent to the Conversion Date or otherwise contributed to the equity (in each case other than through the issuance of Disqualified Stock or
            Designated Preferred Stock) of the Issuer or a Restricted Subsidiary (including the aggregate principal amount of any Indebtedness of the Issuer or a Restricted Subsidiary contributed to the Issuer or a Restricted Subsidiary for cancellation)
            or that becomes part of the capital of the Issuer or a Restricted Subsidiary through consolidation or merger subsequent to the Conversion Date (other than (x) net after tax cash proceeds or property or assets or marketable securities received
            from an issuance or sale of such Capital Stock to a Restricted Subsidiary or an employee stock ownership plan or trust established by the Issuer or any Subsidiary of the Issuer for the benefit of their employees to the extent funded by the
            Issuer or any Restricted Subsidiary, (y) cash or property or assets or marketable securities to the extent that any Restricted Payment has been made from such proceeds in reliance on  Section 3.3(b)(6) and (z) Excluded Contributions);

           

          (C)          100% of the aggregate amount of cash, and the fair market value of property or assets or marketable securities, received by the Issuer or any Restricted Subsidiary from the issuance
            or sale (other than to the Issuer or a Restricted Subsidiary or an employee stock ownership plan or trust established by the Issuer or any Subsidiary of the Issuer for the benefit of their employees to the extent funded by the Issuer or any
            Restricted Subsidiary) by the Issuer or any Restricted Subsidiary subsequent to the Conversion Date of any Indebtedness, Disqualified Stock or Designated Preferred Stock that has been converted into or exchanged for Capital Stock of the Issuer
            (other than Disqualified Stock or Designated Preferred Stock) plus, without duplication, the amount of any cash, and the fair market value of property or assets or marketable securities, received by the Issuer or any Restricted Subsidiary upon
            such conversion or exchange;

           

          (D)          100% of the aggregate amount received in cash and the fair market value, as determined in good faith by the Issuer, of marketable securities or other property received by means of:
            (i) the sale or other disposition (other than to the Issuer or a Restricted Subsidiary) of, or other returns on Investment from, Restricted Investments made by the Issuer or the Restricted Subsidiaries and repurchases and redemptions of, or
            cash distributions or cash interest received in respect of, such Investments from the Issuer or the Restricted Subsidiaries and repayments of loans or advances, and releases of guarantees, which constitute Restricted Investments by the Issuer
            or the Restricted Subsidiaries, in each case after the Conversion Date; or (ii) the sale or other disposition (other than to the Issuer or a Restricted Subsidiary) of the Capital Stock of an Unrestricted Subsidiary or a dividend, payment or
            distribution from an Unrestricted Subsidiary (other than to the extent of the amount of the Investment that constituted a Permitted Investment or was made under Section 3.3(b)(17) and will increase the amount available under the
            applicable clause of the definition of “Permitted Investment” or Section 3.3(b)(17), as the case may be) or a dividend from a Person that is not a Restricted Subsidiary after the Conversion Date;

           

          
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          (E)          in the case of the redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary or the merger, amalgamation or consolidation of an
            Unrestricted Subsidiary into the Issuer or a Restricted Subsidiary or the transfer of all or substantially all of the assets of an Unrestricted Subsidiary to the Issuer or a Restricted Subsidiary after the Conversion Date, the fair market value
            of the Investment in such Unrestricted Subsidiary (or the assets transferred), as determined in good faith by the Issuer at the time of the redesignation of such Unrestricted Subsidiary as a Restricted Subsidiary or at the time of such merger,
            amalgamation or consolidation or transfer  of assets (after taking into consideration any Indebtedness associated with the Unrestricted Subsidiary so designated or merged, amalgamated or consolidated or Indebtedness associated with the assets
            so transferred), other than to the extent of the amount of the Investment that constituted a Permitted Investment or was made under Section 3.3(b)(17) and will increase the amount available under the applicable clause of the definition
            of “Permitted Investment” or Section 3.3(b)(17), as the case may be; and

           

          (F)          the greater of $100.0 million and 3.5% of LTM EBITDA.

           

          (b)          Section 3.3(a) will not prohibit any of the following (collectively, “Permitted Payments”):

           

          (1)          the payment of any dividend or distribution within 60 days after the date of declaration thereof, if at the date of declaration such payment would have
            complied with the provisions of this Indenture or the redemption, repurchase or retirement of Indebtedness if, at the date of any redemption notice, such payment would have complied with the provisions of this Indenture as if it were and is
            deemed at such time to be a Restricted Payment at the time of such notice;

           

          (2)          (a) any prepayment, purchase, repurchase, redemption, defeasance, discharge, retirement  or other acquisition of Capital Stock, including any accrued and
            unpaid dividends thereon (“Treasury Capital Stock”) or Subordinated Indebtedness made by exchange (including any such exchange pursuant to the exercise of a conversion right or privilege in connection with which cash is paid in lieu of
            the issuance of fractional shares) for, or out of the proceeds of the substantially concurrent sale of, Capital Stock of the Issuer or any Parent Entity to the extent contributed to the Issuer (in each case, other than Disqualified Stock or
            Designated Preferred Stock) (“Refunding Capital Stock”),  (b) the declaration and payment of dividends on Treasury Capital Stock out of the proceeds of the substantially concurrent sale or issuance (other than through the issuance of
            Disqualified Stock or Designated Preferred Stock) to a Subsidiary of the Issuer or to an employee stock ownership plan or any trust established by the Issuer or any of its Subsidiaries) and (c) if immediately prior to the retirement of Treasury
            Capital Stock, the declaration and payment of dividends thereon was permitted under Section 3.3(b)(13), the declaration and payment of dividends on the Refunding Capital Stock (other than Refunding Capital Stock the proceeds of which
            were used to redeem, repurchase, retire or otherwise acquire any Capital Stock of a Parent Entity) in an aggregate amount per year no greater than the aggregate amount of dividends per annum that were declarable and payable on such Treasury
            Capital Stock immediately prior to such retirement;

           

          (3)          any prepayment, purchase, repurchase, exchange, redemption, defeasance, discharge, retirement or other acquisition of Subordinated Indebtedness made by exchange for, or out of the
            proceeds of the substantially concurrent sale of, Refinancing Indebtedness permitted to be incurred pursuant to Section 3.2;

           

          (4)          any prepayment, purchase, repurchase, exchange, redemption, defeasance, discharge, retirement or other acquisition of Preferred Stock of the Issuer or a Restricted Subsidiary made by
            exchange for, or out of the proceeds of the substantially concurrent sale of, Preferred Stock of the Issuer or a Restricted Subsidiary, as the case may be, that, in each case, is permitted to be incurred pursuant to Section 3.2;

           

          
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          (5)          any prepayment, purchase, repurchase, redemption, defeasance, discharge, retirement or other acquisition of Subordinated Indebtedness of the Issuer or a Restricted Subsidiary:

           

          (i)            from net after tax cash proceeds to the extent permitted under Section 3.5, but only if the Issuer shall have first complied
            with Section 3.5 and purchased all Notes tendered pursuant to any offer to repurchase all the Notes required thereby, prior to prepaying, purchasing, repurchasing, redeeming, defeasing, discharging, retiring or otherwise acquiring such
            Subordinated Indebtedness; or

           

          (ii)           to the extent required by the agreement governing such Subordinated Indebtedness,  following the occurrence of (i) a Change of Control
            (or other similar event described therein as a “change of control”) or (ii) an Asset Disposition (or other similar event described therein as an “asset disposition” or “asset sale”), but only if the Issuer shall have first complied with Section

              3.5 or Section 3.9, as applicable, and purchased all Notes tendered pursuant to the offer to repurchase all the Notes required thereby, prior to prepaying, purchasing, repurchasing, redeeming, defeasing or otherwise acquiring or
            retiring such Subordinated Indebtedness; or

           

          (iii)          consisting of Acquired Indebtedness (other than Indebtedness incurred (A) to provide all or any portion of the funds utilized to
            consummate the transaction or series of related transactions pursuant to which such Person became a Restricted Subsidiary or was otherwise acquired by the Issuer or a Restricted Subsidiary or (B) otherwise in connection with or contemplation of
            such acquisition);

           

          (6)          a Restricted Payment to pay for the prepayment, purchase, repurchase, redemption, defeasance, discharge, retirement or other acquisition of Capital Stock
            (other than Disqualified Stock) of the Issuer or any Parent Entity held by any future, present or former employee, director, officer, manager, contractor, consultant or advisor (or their respective Controlled Investment Affiliates or Immediate
            Family Members) of the Issuer, any of its Subsidiaries or any Parent Entity pursuant to any management equity plan, stock option plan, phantom equity plan or any other management, employee benefit, or other compensatory plan or agreement (and
            any successor plans or arrangements thereto), employment, termination or severance agreement, or any stock subscription or equityholder agreement (including, for the avoidance of doubt, any principal and interest payable on any Indebtedness
            issued by the Issuer or any Parent Entity in connection with such prepayment, purchase, repurchase, redemption, defeasance, discharge, retirement or other acquisition), including any Capital Stock rolled over, accelerated or paid out by or to
            any employee, director, officer, manager, contractor, consultant or advisor (or their respective Controlled Investment Affiliates or Immediate Family Members) of the Issuer, any of its Subsidiaries or any Parent Entity in connection with any
            transaction; provided, however, that the aggregate Restricted Payments made under this clause do not exceed $75.0 million in any calendar year (with unused
            amounts in any calendar year being carried over to succeeding calendar years); provided, further, that such amount in any calendar year may be increased by an amount not to exceed:

           

          (i)            the cash proceeds from the sale of Capital Stock (other than Disqualified Stock or Designated Preferred
            Stock) of the Issuer and, to the extent contributed to the capital of the Issuer, the cash proceeds from the sale of Capital Stock of any Parent Entity, in each case, to any future, present or former employee, director, officer, manager,
            contractor, consultant or advisor (or their respective Controlled Investment Affiliates or Immediate Family Members) of the Issuer, any of its Subsidiaries or any Parent Entity that occurred after the Conversion Date, to the extent the cash
            proceeds from the sale of such Capital Stock have not otherwise been applied to the payment of Restricted Payments by virtue of Section 3.3(a)(ii); plus

           

          (ii)           the cash proceeds of key man life insurance policies received by the Issuer or its Restricted Subsidiaries
            (or any Parent Entity to the extent contributed to the Issuer) after the Conversion Date; less

           

          
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          (iii)          the amount of any Restricted Payments made in previous calendar years pursuant to clauses (i) and (ii) of this clause
            (6);

           

          provided, that the Issuer may elect to apply all or any portion of the aggregate increase contemplated by clauses (i) and (ii) of this clause (6) in any fiscal year; provided, further, that (i) cancellation of Indebtedness owing to the Issuer or any Restricted Subsidiary from any future, present or former employee, director,
            officer, manager, contractor, consultant or advisor (or their respective Controlled Investment Affiliates or Immediate Family Members) of the Issuer or Restricted Subsidiaries or any Parent Entity in connection with a repurchase of Capital
            Stock of the Issuer or any Parent Entity and (ii) the repurchase of Capital Stock deemed to occur upon the exercise of options, warrants or similar instruments if such Capital Stock represents all or a portion of the exercise price thereof and
            payments, in lieu of the issuance of fractional shares of such Capital Stock or withholding to pay other taxes payable in connection therewith, in the case of each of clauses (i) and (ii), will not be deemed to constitute a Restricted Payment
            for purposes of this Section 3.3 or any other provision of this Indenture;

           

          (7)          the declaration and payment of dividends on Disqualified Stock of the Issuer or any of its Restricted Subsidiaries or Preferred Stock of a Restricted
            Subsidiary, in each case solely to the extent issued in accordance with Section 3.2;

           

          (8)          payments made or expected to be made by the Issuer or any Restricted Subsidiary in respect of withholding or similar taxes payable in connection with the exercise or vesting of
            Capital Stock or any other equity award by any future, present or former employee, director, officer, manager, contractor, consultant or advisor (or their respective Controlled Investment Affiliates or Immediate Family Members) of the Issuer or
            any Restricted Subsidiary or any Parent Entity and purchases, repurchases, redemptions, defeasances or other acquisitions or retirements of Capital Stock deemed to occur upon the exercise, conversion or exchange of stock options, warrants,
            equity-based awards or other rights in respect thereof if such Capital Stock represents a portion of the exercise price thereof or payments in respect of withholding or similar taxes payable upon exercise or vesting thereof;

           

          (9)          dividends, loans, advances or distributions to any Parent Entity or other payments by the Issuer or any Restricted Subsidiary in amounts equal to (without duplication):

           

          (i)            the amounts required for any Parent Entity to (i) pay any Parent Entity Expenses or (ii) pay or distribute any Related Taxes; and

           

          (ii)           amounts constituting or to be used for purposes of making payments to the extent specified in Sections 3.8(b)(2), (3),
            (5), (11), (12), (13), (15) and (19);

           

          (10)          after the Conversion Date, (a) the declaration and payment of dividends on the common stock or common equity interests of the Issuer or any Parent
            Entity (and any equivalent declaration and payment of a distribution of any security exchangeable for such common stock or common equity interests to the extent required by the terms of any such exchangeable securities and any Restricted
            Payment to any such Parent Entity to fund the payment by such Parent Entity of dividends on such entity’s Capital Stock), following a public offering of such common stock or common equity interests (or such exchangeable securities, as
            applicable), in an amount in any fiscal year not to exceed the greater of (i) 6% of the amount of net after tax cash proceeds received by or contributed to the Issuer or any of its Restricted Subsidiaries from any such public offering and (ii)
            an aggregate amount not to exceed 6% of Market Capitalization; or (b) in lieu of all or a portion of the dividends permitted by subclause (a), any prepayment, purchase, repurchase, redemption, defeasance, discharge, retirement or other
            acquisition of the Issuer’s Capital Stock (and any equivalent declaration and payment of a distribution of any security exchangeable for such common stock or common equity interests to the extent required by the terms of any such exchangeable
            securities and any Restricted Payment to any such Parent Entity to fund the payment by such Parent Entity of dividends on such entity’s Capital Stock) for aggregate consideration that, when taken together with dividends permitted by subclause
            (a), does not exceed the amount contemplated by subclause (a);

           

          
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          (11)        payments by the Issuer, or loans, advances, dividends or distributions to any Parent Entity to make payments, to holders of Capital Stock of the Issuer or any Parent Entity (or to the
            holders of Indebtedness that is convertible into or exchangeable for Capital Stock of the Issuer or any Parent Entity upon such conversion or exchange) in lieu of the issuance of fractional shares of such Capital Stock; provided, however, that any such payment, loan, advance, dividend or distribution shall not be for the purpose of evading any limitation of this Section 3.3
            or otherwise to facilitate any dividend or other return of capital to the holders of such Capital Stock (as determined in good faith by the Issuer);

           

          (12)        Restricted Payments that are made (a) in an amount not to exceed the amount of Excluded Contributions or (b) in an amount equal to the amount of net after
            tax cash proceeds from an asset sale or disposition in respect of property or assets acquired, if the acquisition of such property or assets was financed with Excluded Contributions, provided, that such
            amount will not increase the amount available pursuant to Section 3.3(a)(ii)(B);

           

          (13)        (i) the declaration and payment of dividends on Designated Preferred Stock of the Issuer or any of its Restricted Subsidiaries issued after the Conversion
            Date; (ii) the declaration and payment of dividends to a Parent Entity in an amount sufficient to allow the Parent Entity to pay dividends to holders of its Designated Preferred Stock issued after the Conversion Date; and (iii) the declaration
            and payment of dividends on Refunding Capital Stock issued after the Conversion Date that is Preferred Stock; provided, however, that, in the case of clause (ii),
            the amount of dividends paid to a Person pursuant to such clause shall not exceed the cash proceeds received by the Issuer or the aggregate amount contributed in cash to the equity of the Issuer (other than through the issuance of Disqualified
            Stock or an Excluded Contribution of the Issuer), from the issuance or sale of such Designated Preferred Stock; provided further, in the case of clauses (i) and (iii), that for the most
            recently ended four fiscal quarters for which consolidated financial statements are available (which may be internal financial statements) immediately preceding the date of issuance of such Designated Preferred Stock or declaration of such
            dividends on such Refunding Capital Stock, after giving effect to such payment on a pro forma basis the Issuer would be permitted to incur at least $1.00 of additional Indebtedness pursuant to the test set forth in Section 3.2(a);

           

          (14)        after the Conversion Date, distributions, by dividend or otherwise, or other transfer or disposition of shares of Capital Stock of, or equity interests in, an Unrestricted Subsidiary
            (or a Restricted Subsidiary that owns one or more Unrestricted Subsidiaries and no other material assets), or Indebtedness owed to the Issuer or a Restricted Subsidiary by an Unrestricted Subsidiary (or a Restricted Subsidiary that owns one or
            more Unrestricted Subsidiaries and no other material assets), in each case, other than Unrestricted Subsidiaries, substantially all of the assets of which are cash and Cash Equivalents or proceeds thereof;

           

          (15)        distributions or payments of Securitization Fees, sales contributions and other transfers of Securitization Assets or Receivables Assets and purchases of Securitization Assets or
            Receivables Assets pursuant to a Securitization Repurchase Obligation, in each case in connection with a Qualified Securitization Financing or Receivables Facility;

           

          (16)        any Restricted Payment made in connection with the Transactions and any fees, costs and expenses (including all legal, accounting and other professional fees, costs and expenses)
            related thereto, including Transaction Expenses, or used to fund amounts owed to Affiliates in connection with the Transactions (including dividends to any Parent Entity to permit payment by such Parent Entity of such amounts);

           

          (17)        so long as no Event of Default has occurred and is continuing (or would result therefrom), (i) after the Conversion Date, Restricted Payments (including
            loans or advances) in an aggregate amount outstanding at the time made not to exceed the greater of $750.0 million and 27.5% of LTM EBITDA at such time, and (ii) after the Conversion Date, any Restricted Payments, so long as, immediately after
            giving pro forma effect to the payment of any such Restricted Payment and the incurrence of any Indebtedness the net proceeds of which are used to make such Restricted Payment, the Consolidated First Lien Secured Leverage Ratio shall be no
            greater than 0.75 to 1.00;

           

          
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          (18)        mandatory redemptions of Disqualified Stock issued as a Restricted Payment or as consideration for a Permitted Investment;

           

          (19)        so long as no Event of Default has occurred and is continuing (or would result therefrom), after the Conversion Date, the redemption, defeasance, repurchase, exchange or other
            acquisition or retirement of Subordinated Indebtedness of the Issuer or any Guarantor, so long as, immediately after giving pro forma effect to the payment of any such Restricted Payment and the incurrence of any Indebtedness the net proceeds
            of which are used to make such Restricted Payment, the Consolidated First Lien Leverage Ratio shall be no greater than 1.00 to 1.00;

           

          (20)       payments or distributions to dissenting stockholders pursuant to applicable law (including in connection with, or as a result of, exercise of dissenters’ or appraisal rights and the
            settlement of any claims or action (whether actual, contingent or potential)), pursuant to or in connection with a merger, amalgamation, consolidation or transfer of assets that complies with Section 4.1;

           

          (21)        Restricted Payments to a Parent Entity to finance Investments that would otherwise be permitted to be made pursuant to this Section 3.3 if made by the Issuer; provided that (a) such Restricted Payment shall be made substantially concurrently with the closing of such Investment, (b) such Parent Entity shall, promptly following the closing thereof, cause (1) all
            property acquired (whether assets or Capital Stock) to be contributed to the capital of the Issuer or one of its Restricted Subsidiaries or (2) the merger or amalgamation of the Person formed or acquired into the Issuer or one of its Restricted
            Subsidiaries (to the extent not prohibited by Section 4.1) to consummate such Investment, (c) such Parent Entity and its Affiliates (other than the Issuer or a Restricted Subsidiary) receives no consideration or other payment in
            connection with such transaction except to the extent the Issuer or a Restricted Subsidiary could have given such consideration or made such payment in compliance with this Indenture, (d) any property received by the Issuer shall not increase
            amounts available for Restricted Payments pursuant to Section 3.3(a)(ii), except to the extent the fair market value at the time of such receipt of such property exceeds the Restricted Payments made pursuant to this clause and (e) such
            Investment shall be deemed to be made by the Issuer or such Restricted Subsidiary pursuant to another provision of this Section 3.3 (other than pursuant to Section 3.3(b)(12) hereof) or pursuant to the definition of “Permitted
            Investment” (other than pursuant to clause (12) thereof);

           

          (22)        after the Conversion Date, investments or other Restricted Payments in an aggregate amount not to exceed an amount equal to the sum of Declined Collateral Excess Proceeds and Declined
            Excess Proceeds; and

           

          (23)        any Restricted Payment made in connection with a Permitted Intercompany Activity or Permitted Tax Restructuring or related transactions.

           

          For purposes of determining compliance with this Section 3.3, in the event that a Restricted Payment or Investment (or portion thereof) meets the criteria of more than one of the categories of Permitted
            Payments described in the clauses above, or is permitted pursuant to Section 3.3(a) and/or one or more of the clauses contained in the definition of “Permitted Investment,” the Issuer will be entitled to divide or classify (or later
            divide, classify or reclassify in whole or in part in its sole discretion) such Restricted Payment or Investment (or portion thereof) in any manner that complies with this Section 3.3, including as an Investment pursuant to one or more
            of the clauses contained in the definition of “Permitted Investment.”

           

          The amount of all Restricted Payments (other than cash) shall be the fair market value on the date of such Restricted Payment of the asset(s) or securities proposed to be paid, transferred or issued by the Issuer
            or such Restricted Subsidiary, as the case may be, pursuant to such Restricted Payment.  The fair market value of any cash Restricted Payment shall be its face amount, and the fair market value of any non‐cash Restricted Payment, property or
            assets other than cash shall be determined conclusively by the Issuer acting in good faith.

           

          
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          Unrestricted Subsidiaries may use value transferred from the Issuer and its Restricted Subsidiaries in a Permitted Investment to purchase or otherwise acquire Indebtedness or Capital Stock of the Issuer, any Parent
            Entity or any of the Issuer’s Restricted Subsidiaries, and to transfer value to the holders of the Capital Stock of the Issuer or any Restricted Subsidiary or any Parent Entity and to Affiliates thereof, and such purchase, acquisition, or
            transfer will not be deemed to be a “direct or indirect” action by the Issuer or its Restricted Subsidiaries.

           

          If the Issuer or a Restricted Subsidiary makes a Restricted Payment which at the time of the making of such Restricted Payment would in the good faith determination of the Issuer be permitted under the provisions
            of this Indenture, such Restricted Payment shall be deemed to have been made in compliance with this Indenture notwithstanding any subsequent adjustments made in good faith to the Issuer’s financial statements affecting Consolidated Net Income
            or Consolidated EBITDA of the Issuer for any period.

           

          For the avoidance of doubt, this Section 3.3 shall not restrict the making of, or dividends or other distributions in amounts sufficient to make, any “AHYDO Payment” with respect to any Indebtedness of any
            Parent Entity, the Issuer or any of its Restricted Subsidiaries permitted to be incurred under this Indenture.

           

          SECTION 3.4.      Limitation on Restrictions on Distributions from Restricted Subsidiaries. 

           

          (a)          The Company shall not, and shall not permit any Restricted Subsidiary to, create or otherwise cause or permit to exist or become effective any consensual encumbrance or
            consensual restriction on the ability of any Restricted Subsidiary to:

           

          (1)          pay dividends or make any other distributions in cash or otherwise on its Capital Stock or pay any Indebtedness or other obligations owed to the Issuer or any Restricted Subsidiary;

           

          (2)          make any loans or advances to the Issuer or any Restricted Subsidiary; or

           

          (3)          sell, lease or transfer any of its property or assets to the Issuer or any Restricted Subsidiary;

           

          provided that (x) the priority of any Preferred Stock in receiving dividends or liquidating distributions prior to dividends or liquidating distributions being paid on common stock and (y) the
            subordination of (including the application of any standstill requirements to) loans or advances made to the Issuer or any Restricted Subsidiary to other Indebtedness incurred by the Issuer or any Restricted Subsidiary shall not be deemed to
            constitute such an encumbrance or restriction.

           

          (b)          The provisions of Section 3.4(a) shall not prohibit:

           

          (1)          any encumbrance or restriction pursuant to any Credit Facility or any other agreement or instrument, in each case, in effect at or entered into on the
            Issue Date;

           

          (2)          any encumbrance or restriction pursuant to the Note Documents;

           

          (3)          any encumbrance or restriction pursuant to applicable law, rule, regulation or order;

           

          (4)          any encumbrance or restriction pursuant to an agreement or instrument of a Person or relating to any Capital Stock or Indebtedness of a Person, entered
            into on or before the date on which such Person was acquired by or merged, consolidated or otherwise combined with or into the Issuer or any Restricted Subsidiary, or was designated as a Restricted Subsidiary or on which such agreement or
            instrument is assumed by the Issuer or any Restricted Subsidiary in connection with an acquisition of assets (other than Capital Stock or Indebtedness incurred as consideration in, or to provide all or any portion of the funds utilized to
            consummate, the transaction or series of related transactions pursuant to which such Person became a Restricted Subsidiary or was acquired by the Issuer or was merged, consolidated or otherwise combined with or into the Issuer or any Restricted
            Subsidiary or entered into in contemplation of or in connection with such transaction) and outstanding on such date; provided that, for the purposes of this clause (4), if another Person is the
            Successor Company, any Subsidiary thereof or agreement or instrument of such Person or any such Subsidiary shall be deemed acquired or assumed by the Issuer or any Restricted Subsidiary when such Person becomes the Successor Company;

           

          
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          (5)          any encumbrance or restriction:  (i) that restricts in a customary manner the subletting, assignment or transfer of any property or asset that is subject to a lease, license or
            similar contract or agreement, or the assignment or transfer of any lease, license or other contract or agreement; (ii) contained in mortgages, pledges, charges or other security agreements permitted under this Indenture or securing
            Indebtedness of the Issuer or a Restricted Subsidiary permitted under this Indenture to the extent such encumbrances or restrictions restrict the transfer or encumbrance of the property or assets subject to such mortgages, pledges, charges or
            other security agreements; (iii) contained in any trading, netting, operating, construction, service, supply, purchase, sale or other agreement to which the Issuer or any of its Restricted Subsidiaries is a party entered into in the ordinary
            course of business or consistent with past practice; provided that such agreement prohibits the encumbrance of solely the property or assets of the Issuer or such Restricted Subsidiary that are subject
            to such agreement, the payment rights arising thereunder or the proceeds thereof and does not extend to any other asset or property of the Issuer or such Restricted Subsidiary or the assets or property of another Restricted Subsidiary; or (iv)
            pursuant to customary provisions restricting dispositions of real property interests set forth in any reciprocal easement agreements of the Issuer or any Restricted Subsidiary;

           

          (6)          any encumbrance or restriction pursuant to Purchase Money Obligations and Capitalized Lease Obligations permitted under this Indenture, in each case, that impose encumbrances or
            restrictions on the property so acquired;

           

          (7)          any encumbrance or restriction imposed pursuant to an agreement entered into for the direct or indirect sale or disposition to a Person of all or substantially all the Capital Stock
            or assets of the Issuer or any Restricted Subsidiary (or the property or assets that are subject to such restriction) pending the closing of such sale or disposition;

           

          (8)          customary provisions in leases, licenses, equityholder agreements, joint venture agreements, organizational documents and other similar agreements and instruments;

           

          (9)          encumbrances or restrictions arising or existing by reason of applicable law or any applicable rule, regulation or order, or required by any regulatory authority;

           

          (10)        any encumbrance or restriction on cash or other deposits or net worth imposed by customers under agreements entered into in the ordinary course of business or consistent with past
            practice;

           

          (11)        any encumbrance or restriction pursuant to Hedging Obligations;

           

          (12)        other Indebtedness of Foreign Subsidiaries permitted to be incurred or issued subsequent to the Issue Date pursuant to Section 3.2 that impose restrictions solely on the
            Foreign Subsidiaries party thereto or their Subsidiaries;

           

          (13)        restrictions created in connection with any Qualified Securitization Financing or Receivables Facility that, in the good faith determination of the Issuer, are necessary or advisable
            to effect such Securitization Facility or Receivables Facility;

           

          (14)        any encumbrance or restriction arising pursuant to an agreement or instrument relating to any Indebtedness permitted to be incurred subsequent to the
            Issue Date pursuant to Section 3.2 if the encumbrances and restrictions contained in any such agreement or instrument taken as a whole are not materially less favorable to the Holders than (i) the encumbrances and restrictions contained
            in the Credit Agreement, together with the security documents associated therewith, or this Indenture as in effect on the Issue Date or (ii) in comparable financings (as determined in good faith by the Issuer) and where, in the case of clause
            (ii), either (A) the Issuer determines at the time of entry into such agreement or instrument that such encumbrances or restrictions will not adversely affect, in any material respect, the Issuer’s ability to make principal or interest payments
            on the Notes or (B) such encumbrance or restriction applies only during the continuance of a default in respect of a payment relating to such agreement or instrument;

           

          
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          (15)        any encumbrance or restriction existing by reason of any lien permitted under Section 3.6; or

           

          (16)        any encumbrance or restriction pursuant to an agreement or instrument effecting a refinancing of Indebtedness incurred pursuant to, or that otherwise
            refinances, an agreement or instrument referred to in the clauses above or this clause (16) (an “Initial Agreement”) or contained in any amendment, supplement or other modification to an agreement referred to in the clauses above
            or this clause (16); provided, however, that the encumbrances and restrictions with respect to such Restricted Subsidiary contained in any such agreement or
            instrument are no less favorable in any material respect to the Holders taken as a whole than the encumbrances and restrictions contained in the Initial Agreement or Initial Agreements to which such refinancing or amendment, supplement or other
            modification relates (as determined in good faith by the Issuer).

           

          SECTION 3.5.      Limitation on Sales of Assets and Subsidiary Stock. 

           

          (a)          The Company shall not, and shall not permit any of its Restricted Subsidiaries to, make any Asset Disposition unless:

           

          (1)          the Issuer or such Restricted Subsidiary, as the case may be, receives consideration (including by way of relief from, or by any other Person assuming responsibility for, any
            liabilities, contingent or otherwise) at least equal to the fair market value (such fair market value to be determined on the date of contractually agreeing to such Asset Disposition), as determined in good faith by the Issuer, of the shares
            and assets subject to such Asset Disposition (including, for the avoidance of doubt, if such Asset Disposition is a Permitted Asset Swap);

           

          (2)          in any such Asset Disposition, or series of related Asset Dispositions (except to the extent the Asset Disposition is a Permitted Asset Swap), with a
            purchase price in excess of (x) prior to the Conversion Date, $150 million and (y) after the Conversion Date, the greater of $150.0 million and 5.5% of LTM EBITDA, at least 75% of the consideration from such Asset Disposition, together with all
            other Asset Dispositions since the Issue Date (on a cumulative basis), (including by way of relief from, or by any other Person assuming responsibility for, any liabilities, contingent or otherwise) received by the Issuer or such Restricted
            Subsidiary, as the case may be, is in the form of cash or Cash Equivalents (which determination may be made by the Issuer, at its option, either (x) on the date of contractually agreeing to such Asset Disposition or (y) at the time the Asset
            Disposition is completed); and

           

          (3)          within 365 days from the later of (A) the date of such Asset Disposition and (B) the receipt of the Net Available Cash from such Asset Disposition (as
            may be extended by an Acceptable Commitment as set forth below, the “Proceeds Application Period”), an amount equal to such Net Available Cash is applied, to the extent the Issuer or any Restricted Subsidiary, as the case may be, elects:

           

          
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          (i)            (a) to the extent such Net Available Cash are from an Asset Disposition of Collateral (x) to reduce,
            prepay, repay or purchase any First Lien Obligations (other than the Prepetition Credit Agreement and the Notes), including Indebtedness under the Credit Agreements (other than the Prepetition Credit Agreement) (or any Refinancing Indebtedness
            in respect thereof); provided that the Issuer ratably offer to repurchase Notes (in accordance with the procedures set forth below for a Collateral Asset Disposition Offer or Asset Disposition Offer),
            redeem Notes as described under Section 5.7 or purchase Notes through open-market purchases or in privately negotiated transactions, (y) to make an offer (in accordance with the procedures set forth below for a Collateral Asset
            Disposition Offer or Asset Disposition Offer), redeem Notes as described under Section 5.7 or purchase Notes through open-market purchases or in privately negotiated transactions, or (z) to reduce, prepay, repay or purchase any
            Indebtedness of a Non-Guarantor (in each case, other than Indebtedness owed to the Issuer or any Restricted Subsidiary); provided, however, that, in connection with any reduction, prepayment, repayment
            or purchase of Indebtedness pursuant to this clause (i), the Issuer or such Restricted Subsidiary will retire such Indebtedness and will cause the related commitment (other than obligations in respect of any asset-based credit facility to the
            extent the assets sold or otherwise disposed of in connection with such Asset Disposition constituted “borrowing base assets”) to be reduced in an amount equal to the principal amount so reduced, prepaid, repaid or purchased;

           

          (b) to the extent such Net Available Cash is from an Asset Disposition that does not constitute Collateral, (w) to reduce, prepay, repay or purchase any Indebtedness secured by a Lien on such
            asset, (x) to reduce, prepay, repay or purchase senior Indebtedness; provided, that the Issuer ratably offer to repurchase Notes (in accordance with the procedures set forth below for a Collateral Asset Disposition Offer or Asset Disposition
            Offer), redeem Notes as described under Section 5.7 or purchase Notes through open-market purchases or in privately negotiated transactions, (y) to make an offer (in accordance with the procedures set forth below for an Asset
            Disposition Offer), redeem Notes as described under Section 5.7 or purchase Notes through open-market purchases or in privately negotiated transactions, or (z) to reduce, prepay, repay or purchase any Indebtedness of a Non-Guarantor (in
            each case, other than Indebtedness owed to the Issuer or any Restricted Subsidiary); provided, however, that, in connection with any reduction, prepayment, repayment or purchase of Indebtedness pursuant to this clause (i), the Issuer or such
            Restricted Subsidiary will retire such Indebtedness and will cause the related commitment (other than obligations in respect of any asset-based credit facility to the extent the assets sold or otherwise disposed of in connection with such Asset
            Disposition constituted “borrowing base assets”) to be reduced in an amount equal to the principal amount so reduced, prepaid, repaid or purchased;

           

          (ii)           (a) to invest (including capital expenditures) in or commit to invest in
            Additional Assets (including by means of an investment in Additional Assets by a Restricted Subsidiary); or (b) to invest (including capital expenditures) in any one or more businesses (provided that any such business will be a Restricted
            Subsidiary), properties or assets that replace the businesses, properties and/or assets that are the subject of such Asset Disposition, with any such investment made by way of a capital or other lease valued at the present value of the minimum
            amount of payments under such lease (as reasonably determined by the Issuer); provided, that the assets (including Capital Stock) acquired with the Net Available Cash of a disposition of Collateral are
            pledged as Collateral to the extent required under the Security Documents; provided, further, that a binding agreement shall be treated as a permitted
            application of Net Available Cash from the date of such commitment with the good faith expectation that an amount equal to Net Available Cash will be applied to satisfy such commitment within 180 days of such commitment (an “Acceptable
              Commitment”) and, in the event of any Acceptable Commitment is later cancelled or terminated for any reason before such amount is applied in connection therewith, then such Applicable Proceeds shall constitute Collateral Excess Proceeds
            or Excess Proceeds, as the case may be; or

           

          (iii)          any combination of the foregoing;

           

          
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          provided that (1) pending the final application of the amount of any such Net Available Cash pursuant to this Section 3.5, the Issuer or the applicable Restricted Subsidiaries may apply such
            Net Available Cash temporarily to reduce Indebtedness (including under the New Exit Facilities) or otherwise apply such Net Available Cash in any manner not prohibited by this Indenture, and (2) the Issuer (or any Restricted Subsidiary, as the
            case may be) may elect to invest in Additional Assets prior to receiving the Net Available Cash attributable to any given Asset Disposition (provided that such investment shall be made no earlier than the earliest of notice to the Trustee of
            the relevant Asset Disposition, execution of a definitive agreement for the relevant Asset Disposition, and consummation of the relevant Asset Disposition) and deem the amount so invested to be applied pursuant to and in accordance with clause
            (ii) above with respect to such Asset Disposition.

           

          If, with respect to any Asset Disposition of Collateral, at the expiration of the Proceeds Application Period with respect to such Asset Disposition, there remains Net Available Cash in excess of (x) prior to the
            Conversion Date, $100 million and (y) after the Conversion Date, the greater of $100.0 million and 3.5% of LTM EBITDA (such amount, “Collateral Excess Proceeds”), then subject to the limitations with respect to Foreign Dispositions set
            forth below, the Issuer shall make an offer (a “Collateral Asset Disposition Offer”) no later than ten business days after the expiration of the Proceeds Application Period to all Holders of Notes and, if required by the terms of any
            First Lien Obligations or Obligations secured by a Lien permitted under this Indenture on the Collateral disposed of (which Lien is not subordinate to the Lien of the Notes with respect to the Collateral), to all holders of such First Lien
            Obligations or other Obligations, to purchase the maximum principal amount of such Notes and First Lien Obligations or other Obligations, as appropriate, on a pro rata basis, that may be purchased out of such Collateral Excess Proceeds, if any,
            at an offer price, in the case of the Notes, in cash in an amount equal to 100% of the principal amount thereof (or in the event such other Indebtedness was issued with original issue discount, 100% of the accreted value thereof), plus accrued
            and unpaid interest, if any (or such lesser price with respect to First Lien Obligations or other Obligations, if any, as may be provided by the terms of such other Indebtedness), to, but not including, the date fixed for the closing of such
            offer, in accordance with the procedures set forth in this Indenture and the agreement governing the First Lien Obligations or other Obligations, as applicable, in minimum denominations of $2,000 and in integral multiples of $1,000 in excess
            thereof. Notices of a Collateral Asset Disposition Offer shall be sent by first class mail or sent electronically, at least 10 days but not more than 60 days before the purchase date to each Holder of the Notes at such Holder’s registered
            address or otherwise in accordance with the applicable procedures of DTC with a copy to the Trustee. The Company may satisfy the foregoing obligation with respect to any Net Available Cash from an Asset Disposition by making an Asset
            Disposition Offer prior to the expiration of the Proceeds Application Period (the “Collateral Advance Offer”) with respect to all or a part of the Net Available Cash (the “Collateral Advance Portion”) in advance of being required
            to do so by this Indenture.

           

          To the extent that the aggregate amount (or accreted value, as applicable) of Notes and, if applicable, any other First Lien Obligations or Obligations secured by a Lien permitted under this Indenture on the
            Collateral disposed of, as the case may be, validly tendered or otherwise surrendered in connection with a Collateral Asset Disposition Offer made with Excess Proceeds is less than the amount offered in a Collateral Asset Disposition Offer (or,
            in the case of a Collateral Advance Offer, the Collateral Advance Portion), the Issuer may use any remaining Collateral Excess Proceeds (or, in the case of an Collateral Advance Offer, the Collateral Advance Portion) (the “Declined
              Collateral Excess Proceeds”) for any purpose not otherwise prohibited by this Indenture. If the aggregate principal amount (or accreted value, as applicable) of the Notes or, if applicable, First Lien Obligations or other Obligations, as
            the case may be, validly tendered pursuant to any Collateral Asset Disposition Offer exceeds the amount of Collateral Excess Proceeds (or, in the case of a Collateral Advance Offer, the Collateral Advance Portion), the Issuer shall allocate the
            Collateral Excess Proceeds among the Notes, First Lien Obligations and other Obligations to be purchased on a pro rata basis on the basis of the aggregate principal amount (or accreted value, as applicable) of tendered Notes, First Lien
            Obligations and other Obligations; provided that no Notes, First Lien Obligations or other Obligations will be selected and purchased in an unauthorized denomination. Upon completion of any Collateral Asset Disposition Offer, the amount of
            Collateral Excess Proceeds shall be reset at zero.

           

          
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          If, with respect to any Asset Disposition that does not constitute Collateral, at the expiration of the Proceeds Application Period with respect to such Asset Disposition, there remains Net Available Cash in excess
            of (x) prior to the Conversion Date, $100 million and (y) after the Conversion Date, the greater of $100.0 million and 3.5% of LTM EBITDA (such amount, “Excess Proceeds”), then subject to the limitations with respect to Foreign
            Dispositions set forth below, the Issuer shall make an offer (an “Asset Disposition Offer”) no later than ten business days after the expiration of the Proceeds Application Period to all Holders of Notes and, if required by the terms of any
            Pari Passu Indebtedness, to all holders of such Pari Passu Indebtedness, to purchase the maximum principal amount of such Notes and Pari Passu Indebtedness, as appropriate, on a pro rata basis, that may be purchased out of such Excess Proceeds,
            if any, at an offer price, in the case of the Notes, in cash in an amount equal to 100% of the principal amount thereof (or in the event such other Indebtedness was issued with original issue discount, 100% of the accreted value thereof), plus
            accrued and unpaid interest, if any (or such lesser price with respect to Pari Passu Indebtedness, if any, as may be provided by the terms of such other Indebtedness), to, but not including, the date fixed for the closing of such offer, in
            accordance with the procedures set forth in this Indenture and the agreement governing the Pari Passu Indebtedness, as applicable, in minimum denominations of $2,000 and in integral multiples of $1,000 in excess thereof. Notices of an Asset
            Disposition Offer shall be sent by first class mail or sent electronically, at least 10 days but not more than 60 days before the purchase date to each Holder of the Notes at such Holder’s registered address or otherwise in accordance with the
            applicable procedures of DTC with a copy to the Trustee. The Company may satisfy the foregoing obligation with respect to any Net Available Cash from an Asset Disposition by making an Asset Disposition Offer prior to the expiration of the
            Proceeds Application Period (the “Advance Offer”) with respect to all or a part of the Net Available Cash (the “Advance Portion”) in advance of being required to do so by this Indenture.

           

          (b)          To the extent that the aggregate amount (or accreted value, as applicable) of Notes and, if applicable, any other Pari Passu Indebtedness validly tendered or otherwise
            surrendered in connection with an Asset Disposition Offer made with Excess Proceeds is less than the amount offered in an Asset Disposition Offer (or, in the case of an Advance Offer, the Advance Portion), the Issuer may use any remaining
            Excess Proceeds (or, in the case of an Advance Offer, the Advance Portion) (the “Declined Excess Proceeds”) for any purpose not otherwise prohibited by this Indenture. If the aggregate principal amount (or accreted value, as applicable)
            of the Notes or, if applicable, Pari Passu Indebtedness validly tendered pursuant to any Asset Disposition Offer exceeds the amount of Excess Proceeds (or, in the case of an Advance Offer, the Advance Portion), the Issuer shall allocate the
            Excess Proceeds among the Notes and Pari Passu Indebtedness to be purchased on a pro rata basis on the basis of the aggregate principal amount (or accreted value, as applicable) of tendered Notes and Pari Passu Indebtedness; provided that no Notes or other Pari Passu Indebtedness will be selected and purchased in an unauthorized denomination. Upon completion of any Asset Disposition Offer, the amount of Net Available Cash and
            Excess Proceeds shall be reset at zero.

           

          To the extent that any portion of Net Available Cash payable in respect of the Notes is denominated in a currency other than Dollars, the amount thereof payable in respect of the Notes shall not exceed the net
            amount of funds in Dollars that is actually received by the Issuer upon converting such portion into Dollars.

           

          (c)          Notwithstanding any other provisions of this Section 3.5,

           

          (i)            to the extent that any of or all the Net Available Cash of any Asset Disposition that is received or deemed to be received by a Foreign
            Subsidiary or a FSHCO (a “Foreign Disposition”) is (x) prohibited or delayed by applicable local law, (y) restricted by applicable organizational documents or any agreement or (z) subject to other onerous organizational or administrative
            impediments, in each case, from being repatriated to the United States, the portion of such Net Available Cash so affected will not be required to be applied in compliance with this Section 3.5, and such amounts may be retained by the
            applicable Foreign Subsidiary or FSHCO so long, but only so long, as the applicable local law, applicable organization documents or other impediments will not permit repatriation to the United States (the Issuer hereby agreeing to use
            reasonable efforts (as determined in the Issuer’s reasonable business judgment) to otherwise cause the applicable Foreign Subsidiary or FSHCO to within one year following the date on which the respective payment would otherwise have been
            required, promptly take all actions reasonably required by the applicable local law, applicable organizational documents or other impediments to permit such repatriation), and if within one year following the date on which the respective
            payment would otherwise have been required, such repatriation of any of such affected Net Available Cash is permitted under the applicable local law, applicable organizational documents or other impediments, such repatriation will be promptly
            effected and the amount of such repatriated Net Available Cash will be promptly (and in any event not later than five Business Days after such repatriation could be made) applied (net of additional Taxes payable or reserved against as a result
            thereof) (whether or not repatriation actually occurs) in compliance with this Section 3.5; and

           

          
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          (ii)           to the extent that the Issuer has determined in good faith that repatriation of any of or all the Net Available Cash of any Foreign
            Disposition would have an adverse Tax consequence (which for the avoidance of doubt, includes, but is not limited to, any prepayment out of such Net Available Cash whereby doing so the Issuer, any of its Subsidiaries, any Parent Entity or any
            of their respective affiliates and/or direct or indirect equity owners would incur a net Tax liability, including as a result of the receipt of a Tax dividend, a deemed dividend pursuant to Section 956 of the Internal Revenue Code or a
            withholding Tax), the Net Available Cash so affected may be retained by the applicable Foreign Subsidiary or FSHCO. The non-application of any prepayment amounts as a consequence of the foregoing provisions will not, for the avoidance of doubt,
            constitute a Default or an Event of Default.

           

          (d)          For the purposes of Section 3.5(a)(2) hereof, the following will be deemed to be cash:

           

          (1)          the assumption by the transferee of Indebtedness or other liabilities, contingent or otherwise, of the Issuer or a Restricted Subsidiary (other than Disqualified Stock, Subordinated
            Indebtedness of the Issuer or a Guarantor or Preferred Stock of a Guarantor) or the release of the Issuer or such Restricted Subsidiary from all liability on such Indebtedness or other liability in connection with such Asset Disposition;

           

          (2)          securities, notes or other obligations received by the Issuer or any Restricted Subsidiary from the transferee that are converted by the Issuer or such Restricted Subsidiary into
            cash or Cash Equivalents, or by their terms are required to be satisfied for cash and Cash Equivalents (to the extent of the cash or Cash Equivalents received), in each case, within 270 days following the closing of such Asset Disposition;

           

          (3)          any Capital Stock or assets of the kind referred to in Section 3.5(a)(3)(ii)(a) or (b);

           

          (4)          Indebtedness of any Restricted Subsidiary that is no longer a Restricted Subsidiary as a result of such Asset Disposition, to the extent that the Issuer and each other Restricted
            Subsidiary are released from any Guarantee of payment of such Indebtedness in connection with such Asset Disposition;

           

          (5)          consideration consisting of Indebtedness of the Issuer (other than Disqualified Stock or Subordinated Indebtedness) received after the Conversion Date from Persons who are not the
            Issuer or any Restricted Subsidiary; and

           

          (6)          after the Conversion Date, any Designated Non-Cash Consideration received by the Issuer or any Restricted Subsidiary in such Asset Dispositions having an aggregate fair market value,
            taken together with all other Designated Non-Cash Consideration received pursuant to this Section 3.5 that is at that time outstanding, not to exceed the greater of $900.0 million and 32.5% of LTM EBITDA, with the fair market value of
            each item of Designated Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value.

           

          (e)          To the extent that the provisions of any securities laws or regulations, including Rule 14e-1 under the Exchange Act, conflict with the provisions of this Indenture, the Issuer shall not be deemed to
            have breached its obligations described in this Indenture by virtue of compliance therewith.

           

          
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          (f)          The provisions of this Indenture relative to the Issuer’s obligation to make an offer to repurchase the Notes as a result of an Asset Disposition may be waived or modified with the written consent of
            the Holders of a majority in principal amount of the Notes then outstanding.

           

          SECTION 3.6.      Limitation on Liens.  The Company shall not, and shall not permit any
            Restricted Subsidiary to, directly or indirectly, create, incur or permit to exist any Lien (each, an “Initial Lien”) that secures obligations under any Indebtedness or any related guarantee, on any asset or property of the Issuer or any
            Guarantor, unless: 

           

          (1)          in the case of Initial Liens on any Collateral, (i) such Initial Lien expressly has Junior Lien Priority on the Collateral relative to the Notes and the Guarantees or (ii) such
            Initial Lien is a Permitted Lien; and

           

          (2)          in the case of any Initial Lien on any asset or property that is not Collateral, (i) the Notes (or a Guarantee in the case of Initial Liens on assets or property of a Guarantor) are
            equally and ratably secured with (or on a senior basis to, in the case such Initial Lien secures any Subordinated Indebtedness) the Obligations secured by such Initial Lien until such time as such Obligations are no longer secured by such
            Initial Lien or (ii) such Initial Lien is a Permitted Lien,

           

          except that the foregoing shall not apply to Liens securing the Notes (other than any Additional Notes) and the related Guarantees.

           

          Any Lien created for the benefit of the Holders pursuant to the preceding sentence shall provide by its terms that such Lien shall be automatically and unconditionally released and discharged upon the release and
            discharge of the Initial Lien.

           

          With respect to any Lien securing Indebtedness that was permitted to secure such Indebtedness at the time of the incurrence of such Indebtedness, such Lien shall also be permitted to secure any Increased Amount of
            such Indebtedness.  The “Increased Amount” of any Indebtedness shall mean any increase in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue
            discount, the payment of interest in the form of additional Indebtedness with the same terms, accretion of original issue discount or liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of
            fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness.

           

          SECTION 3.7.      Limitation on Guarantees. 

           

          (a)          The Company shall not permit any of its Wholly Owned Domestic Subsidiaries that are Restricted Subsidiaries (and non-Wholly Owned Domestic Subsidiaries if such non-Wholly
            Owned Domestic Subsidiaries guarantee other capital markets debt securities of the Issuer, other than a Guarantor, a Foreign Subsidiary or a Securitization Subsidiary, on and after the Issue Date to Guarantee the payment of (i) any Credit
            Facility permitted under Section 3.2(b)(1) or (ii) capital markets debt securities of the Issuer or any other Guarantor unless:

           

          (1)          such Restricted Subsidiary within 45 days executes and delivers a supplemental indenture to this Indenture providing for a Guarantee by such Restricted Subsidiary, except that with
            respect to a guarantee of Indebtedness of the Issuer or any Guarantor, if such Indebtedness is by its express terms subordinated in right of payment to the Notes or such Guarantor’s Guarantee, any such guarantee by such Restricted Subsidiary
            with respect to such Indebtedness shall be subordinated in right of payment to such Guarantee substantially to the same extent as such Indebtedness is subordinated to the Notes or such Guarantor’s Guarantee of the Notes; and

           

          (2)          such Restricted Subsidiary waives and will not in any manner whatsoever claim or take the benefit or advantage of, any rights of reimbursement, indemnity or subrogation or any other
            rights against the Issuer or any other Restricted Subsidiary as a result of any payment by such Restricted Subsidiary under its Guarantee until payment in full of Obligations under this Indenture.

           

          
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          provided that this Section 3.7 shall not be applicable (i) to any guarantee of any Restricted Subsidiary that existed at the time such Person became a Restricted Subsidiary and was not
            incurred in connection with, or in contemplation of, such Person becoming a Restricted Subsidiary, or (ii) in the event that the Guarantee of the Issuer’s obligations under the Notes or this Indenture by such Subsidiary would not be permitted
            under applicable law.

           

          (b)          The Company may elect, in its sole discretion, to cause or allow, as the case may be, any Subsidiary or any of its Parent Entities that is not otherwise required to be a Guarantor to become a
            Guarantor, in which case, such Subsidiary or Parent Entity shall not be required to comply with the 45-day period described in Section 3.7(a) and such Guarantee may be released at any time in the Issuer’s sole discretion so long as any
            Indebtedness of such Subsidiary then outstanding could have been incurred by such Subsidiary (either (x) when so incurred or (y) at the time of the release of such Guarantee) assuming such Subsidiary were not a Guarantor at such time.

           

          (c)          If any Guarantor becomes an Immaterial Subsidiary, the Issuer shall have the right, by delivery of a supplemental indenture executed by the Issuer to the Trustee, to cause such Immaterial Subsidiary to
            automatically and unconditionally cease to be a Guarantor, subject to the requirement described in Section 3.7(a) above that such Subsidiary shall be required to become a Guarantor if it ceases to be an Immaterial Subsidiary (Except
            that if such Subsidiary has been properly designated as an Unrestricted Subsidiary it shall not be so required to become a Guarantor or execute a supplemental indenture); provided, that such Immaterial
            Subsidiary shall not be permitted to Guarantee any Indebtedness under any Credit Facility permitted under clause (i) of the second paragraph under Section 3.2(b)(1) or other Indebtedness of the Issuer or the other Guarantors, unless it
            again becomes a Guarantor.

           

          SECTION 3.8.      Limitation on Affiliate Transactions. 

           

          (a)          The Company shall not, and shall not permit any Restricted Subsidiary to enter into or conduct any transaction (including the purchase, sale, lease or exchange of any
            property or the rendering of any service) with any Affiliate of the Issuer (an “Affiliate Transaction”) involving aggregate value in excess of the greater of $100.0 million unless:

           

          (1)          the terms of such Affiliate Transaction taken as a whole are not materially less favorable to the Issuer or such Restricted Subsidiary, as the case may
            be, than those that could be obtained in a comparable transaction at the time of such transaction or the execution of the agreement providing for such transaction in arm’s length dealings with a Person who is not such an Affiliate; and

           

          (2)          in the event such Affiliate Transaction involves an aggregate value in excess of the greater of $250.0 million, the terms of such transaction have been
            approved by a majority of the members of the Board of Directors of the Issuer.

           

          Any Affiliate Transaction shall be deemed to have satisfied the requirements set forth in clause (2) of this Section 3.8(a) if such Affiliate Transaction is approved by a majority of the Disinterested Directors of the Issuer,
            if any.

           

          (b)          The provisions of Section 3.8(a) above shall not apply to:

           

          (1)          any Restricted Payment or other transaction permitted to be made or undertaken pursuant to Section 3.3 (including Permitted Payments) or any
            Permitted Investment;

           

          (2)          any issuance, transfer or sale of (a) Capital Stock (other than Disqualified Stock), options, other equity-related interests or other securities, or
            other payments, awards or grants in cash, securities or otherwise to any Parent Entity or future, current or former employee, director, officer, manager, contractor, consultant or advisor (or their respective Controlled Investment Affiliates or
            Immediate Family Members) of the Issuer, any of its Subsidiaries or any of its Parent Entities and (b) directors’ qualifying shares and shares issued to foreign nationals as required under applicable law;

           

          
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          (3)          any Management Advances and any waiver or transaction with respect thereto;

           

          (4)          (a) any transaction between or among the Issuer and any Restricted Subsidiary (or entity that becomes a Restricted Subsidiary as a result of such
            transaction), or between or among Restricted Subsidiaries and (b) any merger, amalgamation or consolidation with any Parent Entity, provided that such Parent Entity shall have no material liabilities
            and no material assets other than cash, Cash Equivalents and the Capital Stock of the Issuer and such merger, amalgamation or consolidation is otherwise permitted under this Indenture;

           

          (5)          the payment of compensation, fees, costs and expenses to, and indemnities (including under insurance policies) and reimbursements, employment and
            severance arrangements, and employee benefit and pension expenses provided on behalf of, or for the benefit of, future, current or former employees, directors, officers, managers, contractors, consultants, distributors or advisors (or their
            respective Controlled Investment Affiliates or Immediate Family Members) of the Issuer, any Parent Entity or any Restricted Subsidiary (whether directly or indirectly and including through their Controlled Investment Affiliates or Immediate
            Family Members);

           

          (6)          the entry into and performance of obligations of the Issuer or any of its Restricted Subsidiaries under the terms of any transaction arising out of, and
            any payments pursuant to or for purposes of funding, any agreement or instrument in effect as of or on the Issue Date, as these agreements and instruments may be amended, modified, supplemented, extended, renewed or refinanced from time to time
            in accordance with the other terms of this Section 3.8 or to the extent not disadvantageous in any material respect in the reasonable determination of the Issuer to the Holders when taken as a whole as compared to the applicable
            agreement as in effect on the Issue Date;

           

          (7)          any transaction effected as part of a Qualified Securitization Financing or Receivables Facility, any disposition or acquisition of Securitization
            Assets, Receivables Assets or related assets in connection with any Qualified Securitization Financing or Receivables Facility;

           

          (8)          transactions with customers, vendors, clients, joint venture partners, suppliers, contractors, distributors or purchasers or sellers of goods or
            services, in each case in the ordinary course of business or consistent with past practice, which are fair to the Issuer or the its Restricted Subsidiaries, in the reasonable determination of the Issuer, or are on terms, taken as a whole, that
            are not materially less favorable as might reasonably have been obtained at such time from an unaffiliated party;

           

          (9)          any transaction between or among the Issuer or any Restricted Subsidiary and any Person (including a joint venture, but excluding an Unrestricted
            Subsidiary) that is an Affiliate of the Issuer or an Associate or similar entity solely because the Issuer or a Restricted Subsidiary or any Affiliate of the Issuer or a Restricted Subsidiary owns an equity interest in or otherwise controls
            such Affiliate, Associate or similar entity;

           

          (10)        any issuance, sale or transfer of Capital Stock (other than Disqualified Stock or Designated Preferred Stock) of the Issuer, any Parent Entity or any of its Restricted Subsidiaries or
            options, warrants or other rights to acquire such Capital Stock and the granting of registration and other customary rights (and the performance of the related obligations) in connection therewith or any contribution to capital of the Issuer or
            any Restricted Subsidiary;

           

          (11)        [reserved];

           

          (12)        [reserved];

           

          
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          (13)        the Transactions and the payment of all fees, costs and expenses (including all legal, accounting and other professional fees, costs and expenses) related
            to the Transactions, including Transaction Expenses;

           

          (14)        transactions in which the Issuer or any Restricted Subsidiary, as the case may be, delivers to the Trustee a letter from an Independent Financial Advisor
            stating that such transaction is fair to the Issuer or such Restricted Subsidiary from a financial point of view or meets the requirements of Section 3.8(a)(1);

           

          (15)        the existence of, or the performance by the Issuer or any Restricted Subsidiary of its obligations under the terms of, any equityholders, investor rights
            or similar agreement (including any registration rights agreement or purchase agreements related thereto) to which it is party as of the Issue Date and any similar agreement that it (or any Parent Entity) may enter into thereafter; provided that the existence of, or the performance by the Issuer or any Restricted Subsidiary (or any Parent Entity) of its obligations under any future amendment to any such existing agreement or under any
            similar agreement entered into after the Issue Date will only be permitted under this clause to the extent that the terms of any such amendment or new agreement are not otherwise, when taken as a whole, more disadvantageous to the Holders in
            any material respect in the reasonable determination of the Issuer than those in effect on the Issue Date;

           

          (16)        any purchases by the Issuer’s Affiliates of Indebtedness or Disqualified Stock of the Issuer or any of the Restricted Subsidiaries the majority of which Indebtedness or Disqualified
            Stock is purchased by Persons who are not the Issuer’s Affiliates; provided that such purchases by the Issuer’s Affiliates are on the same terms as such purchases by such Persons who are not the
            Issuer’s Affiliates;

           

          (17)        (i) investments by Affiliates in securities or loans of the Issuer or any of the Restricted Subsidiaries (and payment of reasonable out-of-pocket expenses incurred by such Affiliates
            in connection therewith) so long as the investment is being offered by the Issuer or such Restricted Subsidiary generally to other non-affiliated third party investors on the same or more favorable terms and (ii) payments to Affiliates in
            respect of securities or loans of the Issuer or any of the Restricted Subsidiaries contemplated in the foregoing subclause (i) or that were acquired from Persons other than the Issuer and its Restricted Subsidiaries, in each case, in accordance
            with the terms of such securities or loans;

           

          (18)        payments by any Parent Entity, the Issuer and its Restricted Subsidiaries pursuant to any tax sharing or receivable agreements or other equity agreements in respect of Related Taxes
            among any such Parent Entity, the Issuer and its Restricted Subsidiaries on customary terms to the extent attributable to the ownership or operation of the Issuer and its Subsidiaries;

           

          (19)        payments, Indebtedness and Disqualified Stock (and cancellation of any thereof) of the Issuer and its Restricted Subsidiaries and Preferred Stock (and
            cancellation of any thereof) of any Restricted Subsidiary to any future, current or former employee, director, officer, manager, contractor, consultant or advisor (or their respective Controlled Investment Affiliates or Immediate Family
            Members) of the Issuer, any of its Subsidiaries or any of its Parent Entities pursuant to any management equity plan, stock option plan, phantom equity plan or any other management, employee benefit or other compensatory plan or agreement (and
            any successor plans or arrangements thereto), employment, termination or severance agreement, or any stock subscription or equityholder agreement with any such employee, director, officer, manager, contractor, consultant or advisor (or their
            respective Controlled Investment Affiliates or Immediate Family Members) that are, in each case, approved by the Issuer in good faith;

           

          (20)        any management equity plan, stock option plan, phantom equity plan or any other management, employee benefit or other compensatory plan or agreement (and any successor plans or
            arrangements thereto), employment, termination or severance agreement, or any stock subscription or equityholder agreement between the Issuer or its Restricted Subsidiaries and any distributor, employee, director, officer, manager, contractor,
            consultant or advisor (or their respective Controlled Investment Affiliates or Immediate Family Members) approved by the reasonable determination of the Issuer or entered into in connection with the Transactions;

           

          
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          (21)        any transition services arrangement, supply arrangement or similar arrangement entered into in connection with or in contemplation of the disposition of assets or Capital Stock in any
            Restricted Subsidiary permitted under Section 3.5 or entered into with any Business Successor, in each case, that the Issuer determines in good faith is either fair to the Issuer or otherwise on customary terms for such type of
            arrangements in connection with similar transactions;

           

          (22)        transactions entered into by an Unrestricted Subsidiary with an Affiliate prior to the day such Unrestricted Subsidiary is redesignated as a Restricted Subsidiary as described in Section

              3.17 and pledges of Capital Stock of Unrestricted Subsidiaries;

           

          (23)        (i) any lease entered into between the Issuer or any Restricted Subsidiary, as lessee, and any Affiliate of the Issuer, as lessor and (ii) any operational services arrangement entered
            into between the Issuer or any Restricted Subsidiary and any Affiliate of the Issuer, in each case, which is approved as being on arm’s length terms by the reasonable determination of the Issuer;

           

          (24)        intellectual property licenses and research and development agreements in the ordinary course of business or consistent with past practice;

           

          (25)        payments to or from, and transactions with, any Subsidiary or any joint venture in the ordinary course of business or consistent with past practice (including any cash management
            arrangements or activities related thereto);

           

          (26)        the payment of fees, costs and expenses related to registration rights and indemnities provided to equityholders pursuant to equityholders, investor rights, registration rights or
            similar agreements;

           

          (27)        Permitted Intercompany Activities, Permitted Tax Restructurings, Intercompany License Agreements and related transactions; and

           

          (28)        any Plan Contribution.

           

          In addition, if the Issuer or any of its Restricted Subsidiaries (i) purchases or otherwise acquires assets or properties from a Person which is not an Affiliate, the purchase or acquisition by
            an Affiliate of the Issuer of an interest in all or a portion of the assets or properties acquired shall not be deemed an Affiliate Transaction (or cause such purchase or acquisition by the Issuer or a Restricted Subsidiary to be deemed an
            Affiliate Transaction) or (ii) sells or otherwise disposes of assets or other properties to a Person who is not an Affiliate, the sale or other disposition by an Affiliate of the Issuer of an interest in all or a portion of the assets or
            properties sold shall not be deemed an Affiliate Transaction (or cause such sale or other disposition by the Issuer or a Restricted Subsidiary to be deemed an Affiliate Transaction).

           

          SECTION
            3.9.      Change of Control. 

           

          (a)          If a Change of Control occurs, unless the Issuer has previously or substantially concurrently therewith delivered a redemption notice with respect to all of the outstanding Notes as set forth under Section

              5.7(a) or Section 5.7(d), the Issuer shall make an offer  (the “Change of Control Offer”) to purchase all of the Notes at a price in cash (the “Change of Control Payment”) equal to 101% of the aggregate principal
            amount thereof plus accrued and unpaid interest, if any, to but excluding the date of repurchase; provided that if the repurchase date is on or after the record date and on or before the corresponding interest payment date, then Holders in
            whose names the Notes are registered at the close of business on such record date will receive the interest due on the repurchase date.  Within 30 days following any Change of Control, the Issuer will deliver or cause to be delivered a notice
            of such Change of Control Offer electronically in accordance with the applicable procedures of DTC or by first class mail, with a copy to the Trustee, to each Holder of Notes at the address of such Holder appearing in the security register or
            otherwise in accordance with the applicable procedures of DTC, with the following information:

           

          
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          (1)          that a Change of Control Offer is being made pursuant to this Section 3.9, and that all Notes properly tendered pursuant to such Change of Control Offer will be accepted for
            payment by the Issuer;

           

          (2)          the purchase price and the purchase date, which will be no earlier than 10 days nor later than 60 days from the date such notice is delivered (the “Change of Control Payment Date”);

           

          (3)          that any Note not properly tendered will remain outstanding and continue to accrue interest;

           

          (4)          that unless the Issuer default in the payment of the Change of Control Payment, all Notes accepted for payment pursuant to the Change of Control Offer will cease to accrue interest,
            on the Change of Control Payment Date;

           

          (5)          that Holders electing to have any Notes purchased pursuant to a Change of Control Offer will be required to surrender such Notes, with the form entitled “Option of Holder to Elect
            Purchase” on the reverse of such Notes completed, to the applicable Paying Agent specified in the notice at the address specified in the notice prior to the close of business on the third Business Day preceding the Change of Control Payment
            Date, or otherwise comply with DTC procedures;

           

          (6)          that Holders will be entitled to withdraw their tendered Notes and their election to require the Issuer to purchase such Notes; provided that

            the applicable Paying Agent receives, not later than the close of business on the second Business Day prior to the expiration date of the Change of Control Offer, a telegram, facsimile transmission or letter setting forth the name of the Holder
            of the Notes, the principal amount of Notes tendered for purchase, and a statement that such Holder is withdrawing its tendered Notes and its election to have such Notes purchased, or otherwise comply with DTC procedures;

           

          (7)          that Holders whose Notes are being purchased only in part will be issued new Notes and such new Notes will be equal in principal amount to the unpurchased portion of the Notes
            surrendered.  The unpurchased portion of the Notes must be equal to at least $2,000 or any integral multiple of $1,000 in excess of $2,000;

           

          (8)          if such notice is delivered prior to the occurrence of a Change of Control, stating that the Change of Control Offer is conditional on the occurrence of such Change of Control; and

           

          (9)          the other instructions, as determined by the Issuer, consistent with this Section 3.9, that a Holder must follow.

           

          The applicable Paying Agent will promptly deliver to each Holder of the Notes tendered the Change of Control Payment for such Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred
            by book‐entry) to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each such new Note will be in a minimum principal amount of
            $2,000 or an integral multiple of $1,000 in excess thereof. The Issuer will publicly announce the results of the Change of Control Offer on or as soon as practicable after the Change of Control Payment Date.

           

          If the Change of Control Payment Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest will be paid on the Change of Control Payment Date to
            the Person in whose name a Note is registered at the close of business on such record date.

           

          (b)          On the Change of Control Payment Date, the Issuer will, to the extent permitted by law,

           

          
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          (1)          accept for payment all Notes issued by them or portions thereof properly tendered pursuant to the Change of Control Offer,

           

          (2)          deposit with the applicable Paying Agent an amount equal to the aggregate Change of Control Payment in respect of all Notes or portions thereof so tendered, and

           

          (3)          deliver, or cause to be delivered, to the Trustee for cancellation the Notes so accepted together with an Officer’s Certificate to the Trustee stating that such Notes or portions
            thereof have been tendered to and purchased by the Issuer.

           

          (c)          The Company will not be required to make a Change of Control Offer following a Change of Control if (x) a third party makes the Change of Control Offer in the manner, at the times and otherwise in
            compliance with the requirements set forth in this Indenture applicable to a Change of Control Offer made by the Issuer and purchases all Notes validly tendered and not withdrawn under such Change of Control Offer or (y) a notice of redemption
            of all outstanding Notes has been given pursuant to Section 5.7 hereof unless and until there is a default in the payment of the redemption price on the applicable Redemption Date or the redemption is not consummated due to the failure
            of a condition precedent contained in the applicable redemption notice to be satisfied.

           

          (d)          Notwithstanding anything to the contrary in this Section 3.9, a Change of Control Offer may be made in advance of a Change of Control, conditional upon such Change of Control.

           

          (e)          [Reserved]

           

          (f)          While the Notes are in global form and the Issuer makes an offer to purchase all of the Notes pursuant to the Change of Control Offer, a Holder may exercise its option to elect for the purchase of the
            Notes through the facilities of DTC, subject to its rules and regulations.

           

          (g)          The Issuer will comply, to the extent applicable, with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws, rules and regulations thereunder to the extent such laws or
            regulations are applicable in connection with the repurchase of the Notes pursuant to a Change of Control Offer.  To the extent that the provisions of any securities laws, rules or regulations conflict with the provisions of this Indenture, the
            Issuer shall not be deemed to have breached its obligations described in this Indenture by virtue of compliance therewith.

           

          SECTION 3.10.    Reports. 

           

          (a)          Notwithstanding that the Issuer may not be subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act or otherwise report on an annual and quarterly
            basis on forms provided for such annual and quarterly reporting pursuant to rules and regulations promulgated by the SEC, from and after the Issue Date, the Issuer shall furnish to the Trustee, within 15 days after the time periods specified
            below:

           

          (1)          within 120 days (or 135 days in the case of the fiscal year containing the Conversion Date) after the end of each fiscal year (or if such day is not a
            Business Day, on the next succeeding Business Day) commencing with the first fiscal year ending after the Issue Date, all financial information that would be required to be contained in an annual report on Form 10-K, or any successor or
            comparable form, filed with the SEC, including a “Management’s discussion and analysis of financial condition and results of operations” and a report on the annual financial statements by the Issuer’s independent registered public accounting
            firm;

           

          (2)          within 60 days (or 75 days in the case of the first fiscal quarter containing the Conversion Date) after the end of each of the
            first three fiscal quarters of each fiscal year (or if such day is not a Business Day, on the next succeeding Business Day) commencing with the first fiscal quarter ending after the Issue Date, all financial information that would be required
            to be contained in a quarterly report on Form 10-Q, or any successor or comparable form, filed with the SEC, including a “Management’s discussion and analysis of financial condition and results of operations,” and financial statements prepared
            in accordance with GAAP; and

           

          
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          (3)          promptly after the occurrence of any of the following events, all current reports that would be required to be filed with the SEC on Form 8-K as in effect on the Issue Date (if the
            Issuer had been a reporting company under Section 15(d) of the Exchange Act); provided, that the foregoing shall not obligate the Issuer to make available (i) any information regarding the occurrence of
            any of the following events if the Issuer determines in its reasonable determination that such event that would otherwise be required to be disclosed is not material to the Holders or the business, assets, operations, financial positions or
            prospects of the Issuer and its Restricted Subsidiaries taken as a whole, (ii) an exhibit or a summary of the terms of, any employment or compensatory arrangement, agreement, plan or understanding between the Issuer or any of its Subsidiaries
            and any director, officer or manager of the Issuer or any of its Subsidiaries, (iii)  copies of any agreements, financial statements or other items that would be required to be filed as exhibits to a current report on Form 8-K or (iv) any trade
            secrets, privileged or confidential information obtained from another Person and competitively sensitive information:

           

          (A)          the entry into or termination of material agreements;

           

          (B)          significant acquisitions or dispositions (which shall only be with respect to acquisitions or dispositions that are significant pursuant to the definition of “Significant
            Subsidiary”);

           

          (C)          bankruptcy;

           

          (D)          cross-default under direct material financial obligations;

           

          (E)           a change in the Issuer’s certifying independent auditor;

           

          (F)           the appointment or departure of directors or executive officers (with respect to the principal executive officer, president, principal financial officer, principal accounting
            officer and principal operating officer only);

           

          (G)          non-reliance on previously issued financial statements; and

           

          (H)          change of control transactions,

           

          in each case, in a manner that complies in all material respects with the requirements specified in such form, except as described above or below and subject to exceptions consistent with the presentation of information in the Offering
            Circular; provided, however, that the Issuer shall not be required to provide (i) segment reporting and disclosure (including any required by FASB Accounting
            Standards Codification Topic 280), (ii) separate financial statements or other information contemplated by Rules 3-05, 3-09, 3-10, 3-16 or 4-08 of Regulation S-X (or any successor provisions) or any schedules required by Regulation S-X, (iii)
            information required by Regulation G under the Exchange Act or Item 10, Item 302, Item 402 or Item 601 of Regulation S-K (or any successor provision), (iv) XBRL exhibits, (v) earnings per share information, (vi) information regarding executive
            compensation and related party disclosure related to SEC Release Nos. 33-8732A, 34-54302A and IC-27444A, and (vii) other information customarily excluded from an offering circular for a private placement of high yield notes pursuant to Rule
            144A under the Securities Act. In addition, notwithstanding the foregoing, the Issuer will not be required to (i) comply with Sections 302, 906 and 404 of the Sarbanes-Oxley Act of 2002, as amended, or (ii) otherwise furnish any information,
            certificates or reports required by Items 307 or 308 of Regulation S-K (or any successor provision).  To the extent any such information is not so filed or furnished, as applicable, within the time periods specified above and such information
            is subsequently filed or furnished, as applicable, the Issuer will be deemed to have satisfied its obligations with respect thereto at such time and any Default with respect thereto shall be deemed to have been cured; provided that such cure shall not otherwise affect the rights of the Holders under Section 6.1 hereof if Holders of at least 30.0% in aggregate principal amount of the outstanding Notes have declared the principal,
            premium, if any, interest and any other monetary obligations on all the then outstanding Notes to be due and payable immediately and such declaration shall not have been rescinded or cancelled prior to such cure.  In addition, to the extent not
            satisfied by the foregoing, the Issuer shall agree that, for so long as any Notes are outstanding, it shall furnish to Holders and to securities analysts and prospective investors, upon their request, the information required to be delivered
            pursuant to Rule 144A(d)(4) under the Securities Act.

           

          
            -105-

            
              

          

          (b)          If the Issuer has designated any of its Subsidiaries as Unrestricted Subsidiaries and such Unrestricted Subsidiaries or group of Unrestricted Subsidiaries, if taken together as one Subsidiary, would
            constitute a Significant Subsidiary of the Issuer, then the annual and quarterly financial information required by Section 3.10(a)(1) and (2) will include a presentation of selected financial metrics, in the Issuer’s sole
            discretion, of such Unrestricted Subsidiaries as a group in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”

           

          (c)          Substantially concurrently with the furnishing of such information to the Trustee pursuant to Section 3.10(a), the Issuer shall also use its commercially reasonable efforts to post copies of
            such information required by Section 3.10(a) on a website (which may be nonpublic, require a confidentiality acknowledgement and may be maintained by the Issuer or a third party) (the “Noteholder Website”) to which access will be
            given to the Holders, bona fide prospective investors in the Notes (which prospective investors shall be limited to “qualified institutional buyers” within the meaning of Rule 144A of the Securities Act or non-U.S. persons (as defined in
            Regulation S under the Securities Act) that certify their status as such to the reasonable satisfaction of the Issuer), and securities analysts (to the extent providing analysis of an investment in the Notes) and market making financial
            institutions that are reasonably satisfactory to the Issuer who agree to treat such information and reports as confidential; provided that the Issuer may deny access to any competitively-sensitive information and reports otherwise to be
            provided pursuant to this paragraph to any Holder, bona fide prospective investors, security analyst or market maker that is a competitor of the Issuer and its Subsidiaries to the extent that the Issuer determines in good faith that the
            provision of such information and reports to such Person would be competitively harmful to the Issuer and its Subsidiaries. The Company may condition the delivery of any such reports to such Holders, prospective investors in the Notes and
            securities analysts and market making financial institutions on the agreement of such Persons to (i) treat all such reports (and the information contained therein) and information as confidential, (ii) not use such reports (and the information
            contained therein) and information for any purpose other than their investment or potential investment in the Notes and (iii) not publicly disclose any such reports (and the information contained therein) and information.

           

          (d)          The Company will participate in quarterly conference calls (which may be a single conference call together with investors and lenders holding other securities or Indebtedness of the Issuer, its
            Restricted Subsidiaries and/or any Parent Entity) to discuss results of operations. The conference call will be following the last day of each fiscal quarter of the Issuer and not later than twenty (20) Business Days from the time that the
            Issuer distributes the financial information as set forth in Section 3.10(a). No fewer than two days prior to the conference call, the Issuer will announce on the Noteholder Website the time and date of such conference call and provide
            instructions for Holders, bona fide prospective investors in the Notes (which prospective investors shall be limited to persons reasonably believed to be “qualified institutional buyers” within the meaning of Rule 144A under the Securities Act
            or non-U.S. persons (as defined in Regulation S under the Securities Act) that certify their status as such to the reasonable satisfaction of the Issuer), and securities analysts to obtain access to such call.

           

          (e)          The Company may satisfy its obligations pursuant to this Section 3.10 with respect to financial information relating to the Issuer by furnishing financial information relating to a Parent
            Entity (including Reorganized Frontier); provided that the same is accompanied by consolidating information that explains in reasonable detail the differences between the information relating to such
            Parent Entity (and other Parent Entities included in such information, if any), on the one hand, and the information relating to the Issuer and its Restricted Subsidiaries on a standalone basis, on the other hand.  For the avoidance of doubt,
            the consolidating information referred to in the proviso in the preceding sentence need not be audited.

           

          
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          (f)          Notwithstanding anything to the contrary set forth in this Section 3.10, if the Issuer or any Parent Entity has furnished to the Holders of Notes or filed with the SEC the reports described in
            Section 3.10 with respect to the Issuer or any Parent Entity, the Issuer shall be deemed to be in compliance with the provisions of this Section 3.10.

           

          (g)          Delivery of reports, information and documents to the Trustee under this Indenture is for informational purposes only and the information and Trustee’s receipt of the foregoing shall not constitute
            actual or constructive notice of any information contained therein, or determinable from information contained therein including the Issuer’s compliance with any of its covenants thereunder (as to which the Trustee is entitled to rely
            exclusively on an Officer’s Certificate). The Trustee shall have no duty to review or analyze reports delivered to it or determine whether any filings described in this Section 3.10 have been made.

           

          
            
              SECTION 3.11.    Maintenance of Office or Agency.

            

          

           

          The Issuer will maintain an office or agency where the Notes may be presented or surrendered for payment, where, if applicable, the Notes may be surrendered for registration of transfer or exchange.  The corporate
            trust office of the Trustee, which initially shall be located at Wilmington Trust, National Association, 50 South Sixth Street, Suite 1290, Minneapolis, Minnesota 55402, Attention: Frontier Communications Notes Administrator, shall be such
            office or agency of the Issuer, unless the Issuer shall designate and maintain some other office or agency for one or more of such purposes.  The Issuer shall give prompt written notice to the Trustee of any change in the location of any such
            office or agency.  If at any time the Issuer shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations and surrenders may be made or served at the corporate trust
            office of the Trustee, and the Issuer hereby appoint the Trustee as its agent to receive all such presentations and surrenders.

           

          The Issuer may also from time to time designate one or more other offices or agencies where the Notes may be presented or surrendered for any or all such purposes and may from time to time rescind any such
            designation.  The Issuer shall give prompt written notice to the Trustee of any such designation or rescission and any change in the location of any such other office or agency.  No office of the Trustee shall be an office or agency of the
            Issuer for the purposes of service of legal process on the Issuer or any Guarantor.

           

          SECTION 3.12.    After-Acquired Collateral.

           

          (a)          On or following the Issue Date but prior to the Conversion Date, and subject to the Final DIP Order, without limiting the effect of the Final DIP Order to cause the automatic perfection of the security
            interests of the Notes Secured Parties against the Collateral Grantors to the extent such security interests may be perfected by the entry of the Final DIP Order, if property that is intended to be DIP Collateral is acquired by the Issuer or
            Grantor (including property of a Person that becomes a new Grantor) that is not automatically subject to a perfected security interest under the DIP Security Documents, then the Issuer or Grantor will provide a super-priority Lien, as
            applicable, over such property (or, in the case of a new Grantor, such of its property) in favor of the Collateral Agent and deliver certain certificates in respect thereof, all as and to the extent required by the Indenture or the DIP Security
            Documents.

           

          (b)          Subject to the foregoing, if property that is intended to be Exit Collateral is acquired by the Issuer or Grantor (including property of a Person that becomes a new Collateral Grantor) that is not
            automatically subject to a perfected security interest under the Exit Security Documents, then the Issuer or Grantor will provide a first priority Lien, as applicable, over such property (or, in the case of a new Grantor, such of its property)
            in favor of the Collateral Agent and deliver certain certificates in respect thereof, all as and to the extent required by this Indenture or the Exit Security Documents.

           

          (c)          Notwithstanding the foregoing, opinions of counsel will not be required in connection with any additional Grantor entering into the Security Documents or to vest in the Collateral Agent a perfected
            security interest in after-acquired collateral owned by such Grantor.

           

          
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          (d)          The Issuer shall cause copies of any documents delivered to the Collateral Agent to be delivered to the Trustee.

           

          SECTION 3.13.    Compliance Certificate.  The Issuer shall deliver to the Trustee within 120 days after the end of each fiscal year of the Issuer an Officer’s
            Certificate, the signer of which shall be an Officer  of the Issuer, stating that in the course of the performance by the signer of his or her duties as an Officer of the Issuer he or she would normally have knowledge of any Default or Event of
            Default and whether or not the signer knows of any Default or Event of Default that occurred during the previous fiscal year; provided that no such Officer’s Certificate shall be required for any
            fiscal year ended prior to the Issue Date.  If such Officer does have such knowledge, the certificate shall describe the Default or Event of Default, its status and the action the Issuer is taking or proposes to take with respect thereto. The
            Trustee will not be deemed to have knowledge of any Defaults or Events of Default unless written notice of an events, which is in fact a Default or Event of Default, as the case may be, has been delivered to the Trustee. 

           

          SECTION 3.14.    Further Instruments and Acts. 

            Upon request of the Trustee or as necessary to comply with future developments or requirements, the Issuer will execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out more
            effectively the purpose of this Indenture. 

           

          SECTION 3.15.    [Reserved].

           

          SECTION 3.16.    Statement by Officers as to Default.  The Issuer shall deliver to the Trustee, as soon as possible and in any event within 30 days after the
            Issuer becomes aware of the occurrence of any Default or Event of Default, an Officer’s Certificate setting forth the details of such Event of Default or Default, its status and the actions which the Issuer are taking or proposes to take with
            respect thereto. 

           

          SECTION 3.17.    Designation

              of Restricted and Unrestricted Subsidiaries.  The Company may designate any Restricted Subsidiary to be an Unrestricted Subsidiary if that designation would not cause an Event of Default. If a Restricted Subsidiary is designated as an
            Unrestricted Subsidiary, the aggregate fair market value of all outstanding Investments owned by the Issuer and its Restricted Subsidiaries in the Subsidiary designated as an Unrestricted Subsidiary will be deemed to be an Investment made as of
            the time of the designation and will reduce the amount available for Restricted Payments pursuant to Section 3.3 hereof or under one or more clauses of the definition of Permitted Investments, as determined by the Issuer. That
            designation will only be permitted if the Investment would be permitted at that time and if the Restricted Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. The Company may redesignate any Unrestricted Subsidiary to be a
            Restricted Subsidiary if that redesignation would not cause an Event of Default. 

           

          Any designation of a Subsidiary of the Issuer as an Unrestricted Subsidiary will be evidenced to the Trustee by delivering to the Trustee an Officer’s Certificate certifying that such designation complies with the
            preceding conditions and was permitted by Section 3.3 hereof. If, at any time, any Unrestricted Subsidiary would fail to meet the preceding requirements as an Unrestricted Subsidiary, it will thereafter cease to be an Unrestricted
            Subsidiary for purposes of this Indenture and any Indebtedness of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary as of such date and, if such Indebtedness is not permitted to be incurred as of such date by Section
              3.2 hereof, the Issuer will be in default of such covenant.

           

          The Company may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that such designation will be deemed to be an incurrence of
            Indebtedness by a Restricted Subsidiary of any outstanding Indebtedness of such Unrestricted Subsidiary, and such designation will only be permitted if (1) such Indebtedness is permitted under Section 3.2 hereof (including pursuant to Section

              3.2(b)(5) treating such redesignation as an acquisition for the purpose of such clause), calculated on a pro forma basis as if such designation had occurred at the beginning of the applicable
            reference period; and (2) no Default or Event of Default would be in existence following such designation. Any such designation by the Issuer shall be evidenced to the Trustee by delivering to the Trustee an Officer’s Certificate certifying
            that such designation complies with the preceding conditions.

           

          

          
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          SECTION 3.18.    Suspension of Certain Covenants on Achievement of Investment Grade Status. Beginning on the first day after the Conversion Date that
            (a) the Notes have achieved Investment Grade Status and (b) no Default or Event of Default has occurred and is continuing under this Indenture, and ending on a Reversion Date (such period a “Suspension Period”), the Issuer and its
            Restricted Subsidiaries will not be subject to Sections 3.2, 3.3, 3.4, 3.5, 3.7, 3.8 and 4.1(a)(3) (the “Suspended Covenants”). 

           

          If at any time after the Conversion Date the Notes cease to have such Investment Grade Status, then the Suspended Covenants shall thereafter be reinstated as if such covenants had never been suspended (the “Reversion

              Date”) and be applicable pursuant to the terms of this Indenture (including in connection with performing any calculation or assessment to determine compliance with the terms of this Indenture), unless and until the Notes subsequently
            attain Investment Grade Status and no Default or Event of Default is in existence (in which event the Suspended Covenants shall no longer be in effect for such time that the Notes maintain an Investment Grade Status); provided, however, that no Default, Event of Default or breach of any kind shall be deemed to exist under this Indenture, the Notes or the Note Guarantees with respect to the Suspended
            Covenants based on, and none of the Issuer nor any its Subsidiaries shall bear any liability for, any actions taken or events occurring during the Suspension Period, or any actions taken at any time pursuant to any contractual obligation
            arising prior to the Reversion Date that were permitted at such time, regardless of whether such actions or events would have been permitted if the applicable Suspended Covenants remained in effect during such period.

           

          On the Reversion Date, all Indebtedness Incurred during the Suspension Period will be deemed to have been outstanding on the Issue Date, so that it is classified as permitted under Section 3.2(b)(4)(d).  On
            and after the Reversion Date, all Liens created during the Suspension Period will be considered Permitted Liens pursuant to clause (11) of the definition of “Permitted Liens.”  Calculations made after the Reversion Date of the amount available
            to be made as Restricted Payments under Section 3.3 will be made as though Section 3.3 had been in effect since the Issue Date and prior to, but not during, the Suspension Period.  Accordingly, Restricted Payments made during
            the Suspension Period will not reduce the amount available to be made as Restricted Payments under Section 3.3(a).  In addition, any future obligation to grant further Note Guarantees shall be released.  All such further obligations to
            grant Guarantees shall be reinstated on the Reversion Date.  No Default or Event of Default or breach of any kind shall be deemed to have occurred on the Reversion Date as a result of any actions taken or the continuance of any circumstances
            resulting from actions taken or the performance of obligations under agreements entered into by the Issuer or any of its Restricted Subsidiaries during the Suspension Period (other than agreements to take actions after the Reversion Date that
            would not be permitted outside of the Suspension Period entered into in contemplation of the Reversion Date).

           

          On and after each Reversion Date, the Issuer and its Subsidiaries will be permitted to consummate the transactions contemplated by any contract entered into during the Suspension Period, so long as such contract
            and such consummation would have been permitted during such Suspension Period.

           

          The Trustee shall have no duty to monitor the ratings of the Notes, shall not be deemed to have any knowledge of the ratings of the Notes and shall have no duty to notify Holders if the Notes achieve Investment
            Grade Status or of the occurrence of a Reversion Date.

           

          ARTICLE IV

           

          

          SUCCESSOR COMPANY; SUCCESSOR PERSON

           

          SECTION 4.1.      Merger and Consolidation. 

           

          (a)       The Company shall not consolidate with or merge with or into, or convey, transfer or lease all or substantially all its assets, in one transaction or a series of related transactions, to
            any Person, unless:

           

          
            -109-

            
              

          

          (1)          the Issuer is the surviving Person or the resulting, surviving or transferee Person (the “Successor Company”) will be a Person organized or
            existing under the laws of the jurisdiction of the Issuer or the United States of America, any State of the United States or the District of Columbia or any territory thereof and the Successor Company (if not the Issuer) will expressly assume
            all the obligations of the Issuer under the Notes, this Indenture and the applicable Security Documents pursuant to supplemental indentures or other documents and instruments;

           

          (2)          immediately after giving effect to such transaction (and treating any Indebtedness that becomes an obligation of the applicable Successor Company or any
            Subsidiary of the applicable Successor Company as a result of such transaction as having been incurred by the applicable Successor Company or such Subsidiary at the time of such transaction), no Event of Default shall have occurred and be
            continuing;

           

          (3)          immediately after giving pro forma effect to such transaction, either (a) the applicable Successor Company or the Issuer would be able to incur at least
            an additional $1.00 of Indebtedness pursuant to Section 3.2(a) hereof or (b) the Consolidated Total Leverage Ratio of the Issuer and its Restricted Subsidiaries would not be higher than it was immediately prior to giving effect to such
            transaction;

           

          (4)          the Issuer shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, merger or
            transfer and such supplemental indenture (if any) comply with this Indenture and an Opinion of Counsel stating that such supplemental indenture (if any) is a legal and binding agreement enforceable against the Successor Company; provided that in giving an Opinion of Counsel, counsel may rely on an Officer’s Certificate as to any matters of fact, including as to satisfaction of clauses (2) and (3) above; and

           

          (5)          to the extent any assets of the Person which is merged or consolidated with or into the Issuer are assets of the type which would constitute Collateral under the Security Documents,
            the Issuer or the Successor Company, as applicable, will take such action, if any, as may be reasonably necessary to cause such property and assets to be made subject to the Lien of the applicable Security Documents in the manner and to the
            extent required in this Indenture or the applicable Security Documents and shall take all reasonably necessary action so that such Lien is perfected to the extent required by the applicable Security Documents.

           

          (b)          [Reserved].

           

          (c)          The Successor Company will succeed to, and be substituted for, and may exercise every right and power of, the Issuer under the Notes and this Indenture, and the Issuer will automatically and
            unconditionally be released and discharged from its obligations under the Notes and this Indenture (except in the case of a lease).

           

          (d)          Notwithstanding any other provisions of this Section 4.1, (i) the Issuer may consolidate or otherwise combine with, merge into or transfer all or part of its properties and assets to a
            Guarantor, (ii) the Issuer may consolidate or otherwise combine with or merge into an Affiliate incorporated or organized for the purpose of changing the legal domicile of the Issuer, reincorporating the Issuer in another jurisdiction, or
            changing the legal form of the Issuer, (iii) any Restricted Subsidiary may consolidate or otherwise combine with, merge into or transfer all or part of its properties and assets to the Issuer or a Guarantor, (iv) any Restricted Subsidiary may
            consolidate or otherwise combine with, merge into or transfer all or part of its properties and assets to any other Restricted Subsidiary and (v) the Issuer and its Restricted Subsidiaries may complete any Permitted Intercompany Activities,
            Permitted Tax Restructuring or related transactions; provided, that the entity that is surviving or the resulting, surviving or transferee entity will be an entity organized or existing under the laws
            of the jurisdiction of the Issuer or the United States of America, any State of the United States or the District of Columbia or any territory thereof.

           

          
            -110-

            
              

          

          (e)          The foregoing provisions (other than the requirements of clause (a)(2)) shall not apply to the creation of a new Subsidiary as a Restricted Subsidiary.

           

          (f)          Subject to Section 10.2(b), no Guarantor may consolidate with or merge with or into, or convey, transfer or lease all or substantially all of its assets, in one or a series of related
            transactions, to any Person, unless:

           

           (1)(a)      (i) the other Person is the Issuer or any Restricted Subsidiary that is a Guarantor or becomes a Guarantor concurrently with such transactions, or (ii) either (x) the Issuer or a
            Guarantor is the continuing Person or (y) the resulting, surviving or transferee Person expressly assumes all the obligations of the Guarantor under its Note Guarantee, this Indenture and the applicable Security Documents;

           

          (b)           immediately after giving effect to such transactions, no Event of Default shall have occurred and be continuing;

           

          (c)           such transactions constitute a sale, disposition or transfer of the Guarantor or the conveyance, transfer or lease of all or substantially all of the assets of the Guarantor (in
            each case other than to the Issuer or a Restricted Subsidiary) otherwise permitted by this Indenture; and

           

          (d)           to the extent any assets of the Person which is merged, consolidated or amalgamated with or into such Guarantor are assets of the type which would constitute Collateral under the
            Security Documents, such Guarantor or the Successor Person will take such action, if any, as may be reasonably necessary to cause such property and assets to be made subject to the Lien of the applicable Security Documents in the manner and to
            the extent required in this Indenture or the applicable Security Documents and shall take all reasonably necessary action so that such Lien in perfected to the extent required by the applicable Security Documents.

           

          Notwithstanding any other provision of this Section 4.1, any Guarantor may (a) consolidate or otherwise combine with, merge into or transfer all or part of its properties and assets to another Guarantor or
            the Issuer, (b) consolidate or otherwise combine with or merge into an Affiliate incorporated or organized for the purpose of changing the legal domicile of the Guarantor, reincorporating the Guarantor in another jurisdiction, or changing the
            legal form of the Guarantor, (c) convert into a corporation, partnership, limited partnership, limited liability company or trust organized or existing under the laws of the jurisdiction of organization of such Guarantor, (d) liquidate or
            dissolve or change its legal form if the Issuer determines in good faith that such action is in the best interests of the Issuer and (e) complete any Permitted Intercompany Activities, Permitted Tax Restructuring or related transactions.
            Notwithstanding anything to the contrary in this Section 4.1, the Issuer may contribute Capital Stock of any or all of its Subsidiaries to any Guarantor.

           

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

           

          Notwithstanding any other provision of this Section 4.1, this Section 4.1 will not apply to the Transactions; provided, that if the Corporate Reorganization
            is undertaken, New Frontier Issuer, if not already party to this Indenture as the Issuer, will execute and deliver a supplemental indenture in the form attached as Exhibit C on or prior to the Conversion Date.

           

          
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          ARTICLE V

           

          

          REDEMPTION OF SECURITIES

           

          SECTION 5.1.      Notices to Trustee.  Subject to Section 5.9 hereof, if the Issuer elects to redeem Notes pursuant to the optional redemption provisions of Section 5.7
            hereof, the Issuer must furnish to the Trustee, at least 10 days but not more than 60 days before a Redemption Date, an Officer’s Certificate setting forth: 

           

          (1)          the clause of this Indenture pursuant to which the redemption shall occur;

           

          (2)          the Redemption Date;

           

          (3)          the principal amount of Notes to be redeemed; and

           

          (4)          the redemption price.

           

          Any optional redemption referenced in such Officer’s Certificate may be cancelled by the Issuer at any time prior to notice of redemption being sent to any Holder and thereafter shall be null and void.

           

          SECTION 5.2.      Selection of Notes to Be Redeemed or Purchased.  If
            less than all of the Notes are to be redeemed pursuant to Section 5.7 or purchased in an Asset Disposition Offer pursuant to Section 3.5 or a redemption pursuant to Section 5.9, the Trustee will select Notes for
            redemption or purchase (a) if the Notes are in global form, on a pro rata basis, by lot, or by such other method in accordance with the applicable procedures of DTC and (b) if the Notes are in definitive form in their entirety, on a pro rata
            basis (subject to adjustments to maintain the authorized Notes denomination requirements) or by lot, except if otherwise required by law. 

           

          No Notes in an unauthorized denomination or of $2,000 in aggregate principal amount or less shall be redeemed in part.  In the event of partial redemption, the particular Notes to be redeemed or purchased will be
            selected, unless otherwise provided herein, not less than 10 days nor more than 60 days prior to the redemption or purchase date by the Trustee from the outstanding Notes not previously called for redemption or purchase; provided that the Issuer shall provide the Trustee with sufficient notice of such partial redemption to enable the Trustee to select the Notes for partial redemption.

           

          The Trustee will promptly notify the Issuer in writing of the Notes selected for redemption or purchase and, in the case of any Note selected for partial redemption or purchase, the principal amount thereof to be
            redeemed or purchased.  Notes and portions of Notes selected will be in minimum principal amounts of $2,000 and whole multiples of $1,000 in excess of $2,000; except that if all of the Notes of a Holder are to be redeemed or purchased, the
            entire outstanding amount of Notes held by such Holder, even if not in a minimum principal amount of $2,000 or a multiple of $1,000 in excess thereof, shall be redeemed or purchased.  Except as provided in the preceding sentence, provisions of
            this Indenture that apply to Notes called for redemption or purchase also apply to portions of Notes called for redemption or purchase.

           

          SECTION 5.3.      Notice of Redemption.  Subject to Section 5.9
            hereof, at least 10 days but not more than 60 days before the Redemption Date, the Issuer will send or cause to be sent, by electronic delivery or by first class mail postage prepaid, a notice of redemption to each Holder (with a copy to the
            Trustee) whose Notes are to be redeemed at the address of such Holder appearing in the security register or otherwise in accordance with the applicable procedures of DTC, except that redemption notices may be delivered electronically or mailed
            more than 60 days prior to a Redemption Date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of this Indenture pursuant to Articles VIII or XI hereto. 

           

          
            -112-

            
              

          

          The notice will identify the Notes (including the CUSIP or ISIN number) to be redeemed and will state:

           

          (1)          the Redemption Date;

           

          (2)          the redemption price;

           

          (3)          if any Note is being redeemed in part, the portion of the principal amount of such Note to be redeemed and that, after the Redemption Date upon surrender of such Note, a new Note or
            Notes in principal amount equal to the unredeemed portion will be issued upon cancellation of the original Note;

           

          (4)          the name and address of the Paying Agent;

           

          (5)          that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price;

           

          (6)          that, unless the Issuer defaults in making such redemption payment, interest on Notes called for redemption ceases to accrue on and after the Redemption Date;

           

          (7)          the paragraph of the Notes and/or Section of this Indenture pursuant to which the Notes called for redemption are being redeemed; and

           

          (8)          that no representation is made as to the correctness or accuracy of the CUSIP number or ISIN Code, if any, listed in such notice or printed on the Notes;

           

          At the Issuer’s request, the Trustee will give the notice of redemption in the Issuer’s name and at its expense; provided, however,
            that the Issuer has delivered to the Trustee, at least three (3) Business Days (or if any of the Notes to be redeemed are in definitive form, five (5) Business Days) prior to the date on which the Issuer instructs the Trustee to give the notice
            (or such shorter period as the Trustee may agree), an Officer’s Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph.

           

          Notice of any redemption of the Notes may, at the Issuer’s discretion, be given prior to the completion of a transaction (including but not limited to an Equity Offering, an incurrence of Indebtedness, a Change of
            Control or other transaction) and any redemption notice may, at the Issuer’s discretion, be subject to one or more conditions precedent, including, but not limited to, completion of a related transaction.  If such redemption or purchase is so
            subject to satisfaction of one or more conditions precedent such notice shall describe each such condition, and if applicable, shall state that, in the Issuer’s discretion, the Redemption Date may be delayed until such time (including more than
            60 days after the date the Notice of Redemption was mailed or delivered, including by electronic transmission) as any or all such conditions shall be satisfied, or such redemption or purchase may not occur and such notice may be rescinded in
            the event that any or all such conditions shall not have been satisfied by the Redemption Date, or by the Redemption Date as so delayed.  In addition, the Issuer may provide in such notice that payment of the redemption price and performance of
            the Issuer’s obligations with respect to such redemption may be performed by another Person.

           

          SECTION 5.4.      [Reserved].

           

          SECTION 5.5.      Deposit of Redemption or Purchase Price.  Prior to
            11:00 a.m. New York City Time on the redemption or purchase date, the Issuer will deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest, if any, on all Notes to be
            redeemed or purchased on that date.  The Trustee or the Paying Agent will promptly return, on or following the applicable redemption or repurchase date, to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in
            excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest, if any, on all Notes to be redeemed or purchased. 

           

          
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          If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Notes or the portions of Notes called for redemption or
            purchase.  If a Note is redeemed or purchased on or after a record date but on or prior to the corresponding interest payment date, then any accrued and unpaid interest up to, but excluding, the Redemption Date or purchase date shall be paid on
            the Redemption Date or purchase date to the Person in whose name such Note was registered at the close of business on such record date in accordance with the applicable procedures of DTC.  If any Note called for redemption or purchase is not so
            paid upon surrender for redemption or purchase because of the failure of the Issuer to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and
            to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Notes and in Section 3.1 hereof.

           

          SECTION 5.6.      Notes Redeemed or Purchased in Part.  Upon surrender of a Note issued in physical form that is redeemed or
            purchased in part, the Issuer will issue and the Trustee will authenticate for the Holder at the expense of the Issuer a new Note equal in principal amount to the unredeemed or unpurchased portion of the Note surrendered; provided, that each such new Note will be in a minimum principal amount of $2,000 or integral multiple of $1,000 in excess thereof. 

           

          In the case of a Note issued as a global note, an appropriate notation will be made on such Note to decrease the principal amount thereof to an amount equal to the unredeemed portion thereof; provided, that the unredeemed portion thereof will be in a minimum principal amount of $2,000 or integral multiple of $1,000 in excess thereof.

           

          SECTION 5.7.      Optional Redemption. 

           

          (a)          At any time prior to October 15, 2023, the Issuer may redeem the Notes in whole or in part, at their option, upon not less than 10 nor more
            than 60 days’ prior notice, with a copy to the Trustee, to each Holder of Notes to the address of such Holder appearing in the Notes Register, at a redemption price (expressed as a percentage of the principal amount of the Notes to be redeemed)
            equal to 100.000% plus the relevant Applicable Premium as of, and accrued and unpaid interest, if any, to but excluding, the date of redemption (the “Redemption Date”), subject to the rights of Holders on the relevant record date to
            receive interest due on the relevant interest payment date.

           

          (b)          At any time and from time to time prior to October 15, 2023, the Issuer may, on one or more occasions, upon not less than 10 nor more than 60 days’ prior notice, with a copy
            to the Trustee, to each Holder of Notes to the address of such Holder appearing in the Notes Register, redeem up to 40.0% of the original aggregate principal amount of Notes issued under this Indenture on the Issue Date (together with
            Additional Notes) at a redemption price (expressed as a percentage of the principal amount of Notes to be redeemed) equal to 105.875%, plus accrued and unpaid interest, if any, to but excluding, the applicable Redemption Date, subject to the
            right of Holders of record of the Notes on the relevant record date to receive interest due on the relevant interest payment date, with the net cash proceeds received by the Issuer of one or more Equity Offerings of the Issuer; provided that not less than 50.0% of the original aggregate principal amount of the then-outstanding Notes issued under this Indenture remains outstanding immediately after the occurrence of each such
            redemption (including Additional Notes but excluding Notes held by the Issuer or any of their Restricted Subsidiaries), unless all such Notes are redeemed substantially concurrently; provided further
            that each such redemption occurs not later than 180 days after the date of closing of the related Equity Offering. The Trustee shall select the Notes to be purchased in the manner described under Sections 5.1 through 5.6.

           

          (c)          Except pursuant to clauses (a) and (b) of this Section 5.7 or pursuant to Section 5.9, the Notes will not be redeemable at the Issuer’s option prior to October 15, 2023.

           

          (d)          At any time and from time to time on or after October 15, 2023, the Issuer may redeem the Notes, in whole or in part, upon not less than 10 nor more than 60 days’ prior
            notice, with a copy to the Trustee, to each Holder of Notes to the address of such Holder appearing in the Notes Register at the redemption prices (expressed as percentages of principal amount of the Notes to be redeemed) set forth in the table
            below, plus accrued and unpaid interest thereon, if any, to but excluding the applicable Redemption Date, subject to the right of Holders of record of the Notes on the relevant record date to receive interest due on the relevant interest
            payment date, if redeemed during the twelve‐month period beginning on August 15 of each of the years indicated in the table below:

           

          
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                    Year

                  

                	

                	
                  
                    Percentage

                  

                
	
                  2023

                	

                	
                  102.938%

                
	
                  2024

                	

                	
                  101.469%

                
	
                  2025 and thereafter

                	

                	
                  100.000%

                

          

          

          (e)          Notwithstanding the foregoing, in connection with any tender offer for the Notes, including a Change of Control Offer, Collateral Asset Disposition Offer or Asset Disposition Offer, if Holders of not
            less than 90.0% in aggregate principal amount of the outstanding Notes validly tender and do not validly withdraw such Notes in such tender offer and the Issuer, or any third party making such tender offer in lieu of the Issuer, purchases all
            of the Notes validly tendered and not validly withdrawn by such Holders, the Issuer or such third party shall have the right upon not less than 10 nor more than 60 days’ prior notice, with a copy to the Trustee, to each Holder of Notes to the
            address of such Holder appearing in the Notes Register, given not more than 30 days following such purchase date to redeem all Notes that remain outstanding following such purchase at a redemption price equal to the price offered to each other
            Holder (excluding any early tender or incentive fee) in such tender offer plus, to the extent not included in the tender offer payment, accrued and unpaid interest, if any, thereon, to but excluding, the date of such redemption.

           

          (f)          Unless the Issuer default in the payment of the redemption price, interest will cease to accrue on the Notes or portions thereof called for redemption on the applicable Redemption Date.

           

          (g)          Any redemption pursuant to this Section 5.7 shall be made pursuant to the provisions of Section 5.1 through 5.6.

           

          SECTION 5.8.      Mandatory Redemption.  The Issuer is not required to
            make mandatory redemption or sinking fund payments with respect to the Notes, except under the circumstances described in Section 5.9; provided, however, that under certain circumstances, the
            Issuer may be required to offer to purchase Notes under Section 3.5 and Section 3.9.  As market conditions warrant, the Issuer and their equityholders, including members of management, may from time to time seek to purchase
            outstanding debt securities or loans, including the Notes, in privately negotiated or open market transactions, by tender offer or otherwise. 

           

          SECTION 5.9.      Special Mandatory
              Redemption.

           

          (a)          In In the event that (i) the Conversion Date does not occur prior to the Conversion Outside Date or (ii) the Issuer informs the Trustee in writing that, in the reasonable good faith judgment of the
            Issuer, the Conversion Date will not occur prior to the Conversion Outside Date (the date of any such event being the “Special Termination Date”), the Issuer shall redeem the Notes (the “Special Mandatory Redemption”) at a price
            (the “Special Mandatory Redemption Price”) equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest on the Notes, if any, from the Issue Date to, but excluding, the Special Mandatory Redemption Date (defined
            below), subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date.

           

          (b)          Subject to Section 5.9(c), notice of the Special Mandatory Redemption will be delivered by the Issuer no later than one Business Day following the Special Termination Date, to the Trustee and
            Holders of Notes substantially in the form attached as Exhibit D hereto (the “Special Mandatory Redemption Notice”), which will provide that the Notes shall be redeemed on a date that is no later than the third Business Day after
            such notice is given by the Issuer (the “Special Mandatory Redemption Date”) in accordance with the applicable procedures of DTC.

           

          
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          (c)          On the Special Mandatory Redemption Date, the Issuer shall pay to the Paying Agent for payment to each Holder of Notes the applicable Special Mandatory Redemption Price for
            such Holder’s Notes.

           

          (d)          Any redemption made pursuant to this Section 5.9 shall be made pursuant to the provisions of Sections 5.1 through 5.6, except to the extent inconsistent with this Section
              5.9. The Issuer shall not be required to make any mandatory redemption or sinking fund payments with respect to the Notes, except pursuant to this Section 5.9.

           

          ARTICLE VI

           

          

          DEFAULTS AND REMEDIES

           

          SECTION 6.1.      Events of Default.

           

          (a)          Each of the following is an “Event of Default”:

           

          (1)          default in any payment of interest on any Note when due and payable, continued for 30 days;

           

          (2)          default in the payment of the principal amount of or premium, if any, on any Note issued under this Indenture when due at its Stated Maturity, upon
            optional redemption, upon required repurchase, upon declaration or otherwise;

           

          (3)          failure by the Issuer or any Guarantor to comply for 60 days after written notice by the Trustee on behalf of the Holders or by the Holders of at least
            30% in aggregate principal amount of the outstanding Notes with any agreement or obligation contained in this Indenture; provided that in the case of a failure to comply with Section 3.10, such
            period of continuance of such default or breach shall be 120 days after written notice described in this clause has been given;

           

          (4)          following the Conversion Date, the Issuer, any Significant Subsidiary or any group of Restricted Subsidiaries of the Issuer that, taken together, would constitute a Significant
            Subsidiary pursuant to or within the meaning of Bankruptcy Code:

           

          	

                	(i)	
                  commences a voluntary case, or

                

           

          	

                	(ii)	
                  consents to the entry of an order for relief against it in an involuntary case, or

                

           

          	

                	(iii)	
                  consents to the appointment of a custodian of it or for all or substantially all of its property, or

                

           

          	

                	(iv)	
                  makes a general assignment for the benefit of its creditors, or

                

           

          	

                	(v)	
                  admits in writing its inability generally to pay its debts;

                

           

          (5)          following the Conversion Date, a court of competent jurisdiction enters an order or decree under any Bankruptcy Code that:

           

          	

                	(i)	
                  is for relief against the Issuer or any Significant Subsidiary or any group of Restricted Subsidiaries of the Issuer that, taken together, would constitute a Significant Subsidiary in an involuntary case;

                

           

          	

                	(ii)	
                  appoints a custodian of the Issuer or any Significant Subsidiary or any group of Restricted Subsidiaries of the Issuer that, taken together, would constitute a Significant Subsidiary or for all or substantially all of the property of
                    the Issuer or any Significant Subsidiary or any group of Restricted Subsidiaries of the Issuer that, taken together, would constitute a Significant Subsidiary; or

                

           

          
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                	(iii)	
                  orders the liquidation of the Issuer, any Significant Subsidiary or any group of Restricted Subsidiaries of Parent that, taken together, would constitute a Significant Subsidiary;

                

           

          and in each case the order or decree remains unstayed and in effect for sixty (60) consecutive days;

           

          (6)          other than with respect to pre-petition Indebtedness prior to the Conversion Date, the payment of which is subject to an effective stay in the Bankruptcy
            Cases, default under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness for money borrowed by the Issuer or any Significant Subsidiary (or group of Restricted
            Subsidiaries that, taken together (as of the latest audited consolidated financial statements for the Issuer and its Restricted Subsidiaries) would constitute a Significant Subsidiary) (or the payment of which is Guaranteed by the Issuer or any
            Significant Subsidiary (or group of Restricted Subsidiaries that, taken together (as of the latest audited consolidated financial statements for the Issuer and its Restricted Subsidiaries) would constitute a Significant Subsidiary)) other than
            Indebtedness owed to the Issuer or a Restricted Subsidiary whether such Indebtedness or Guarantee now exists, or is created after the Issue Date, which default:

           

          (A)          is caused by a failure to pay principal of such Indebtedness, at its stated final maturity (after giving effect to any applicable grace periods provided in such Indebtedness); or

           

          (B)          results in the acceleration of such Indebtedness prior to its stated final maturity;

           

          and, in each case, the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under which there has been a payment default of principal at its stated final
            maturity (after giving effect to any applicable grace periods) or the maturity of which has been so accelerated, aggregates to $250.0 million or more at any one time outstanding; or

           

          (7)          prior to the Conversion Date, a Bankruptcy Case Event of Default shall have occurred;

           

          (8)          there is entered by a court or courts of competent jurisdiction against the Issuer or any of the Issuer’s Restricted Subsidiaries a final judgment or order for the payment of money
            (excluding prior to the Conversion Date (x) any order fixing the amount of any claim in the Chapter 11 Cases and (y) in the case of the any judgment against any Debtor, any judgment that does not arise post-petition) in an aggregate amount
            exceeding $250 million (to the extent not covered by independent third-party insurance) and such judgment or order shall not have been satisfied, vacated, discharged or stayed (including, prior to the Conversion Date, pursuant to the Bankruptcy
            Code) or bonded pending an appeal for a period of sixty (60) days after such judgment becomes final, and in the event such judgment is covered by insurance, an enforcement proceeding has been commenced by any creditor upon such judgment or
            decree which is not promptly stayed (including, prior to the Conversion Date, pursuant to the Bankruptcy Code);

           

          (9)          any Guarantee of the Notes by a Significant Subsidiary ceases to be in full force and effect or any Guarantor that is a Significant Subsidiary denies or
            disaffirms, in each case in writing, its obligations under its Guarantee of the Notes, other than (A), in accordance with the terms of the Indenture, or (B) in connection with the bankruptcy of a Guarantor, so long as the aggregate assets of
            such Guarantor and any other Guarantor whose Note Guarantee ceased or ceases to be in full force as a result of a bankruptcy are less than $250 million;

           

          
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          (10)        (i) the Liens created by the Security Documents shall at any time not constitute a valid and perfected Lien on any material portion of the Collateral intended to be covered thereby
            (unless perfection is not required by this Indenture or the Security Documents) other than (A) in accordance with the terms of the relevant Security Document and this Indenture, (B) the satisfaction in full of all Obligations under this
            Indenture or (C) any loss of perfection that results from the failure of the Collateral Agent to maintain possession of certificates delivered to it representing securities pledged under the Security Documents and (ii) such default continues
            for 30 days after receipt of written notice given by the Trustee or the Holders of not less than 30% in aggregate principal amount of the then outstanding Notes; provided, that such default relates to
            Liens in excess of $50.0 million; and

           

          (11)        the Issuer or any Guarantor that is a Significant Subsidiary (or any group of Guarantors that, taken together (as of the latest audited consolidated financial statements for the
            Issuer and its Restricted Subsidiaries) would constitute a Significant Subsidiary) shall assert, in any pleading in any court of competent jurisdiction, that any security interest in any Security Document is invalid or unenforceable.

           

          Prior to the Conversion Date, with respect to enforcement of Liens or other remedies with respect to the Collateral of the Debtors, the Collateral Agent shall provide the Issuer (with a copy to the Trustee) at least five Business Days’ prior
            written notice to taking of such action and during such period, any party in interest shall be entitled to seek an emergency hearing with the Bankruptcy Court, for the sole purpose of contesting whether an Event of Default has occurred and/or
            is continuing; provided, that a Default under clause (3), (6) or (8) above will not constitute an Event of Default until the Trustee or the Holders of at least 30% in principal amount of the
            outstanding Notes notify the Issuer of the Default and, with respect to clauses (3) and (8), the Issuer does not cure such Default within the time specified in clauses (3) or (8) after receipt of such notice; provided,
            further, that a notice of Default may not be given with respect to any action taken, and reported publicly or to Holders, more than two years prior to such notice of Default. Notwithstanding anything to
            the contrary herein the Designated Entities shall not be included in determining whether an Event of Default under clauses (4), (5), (6) and (8) has occurred or is continuing to the extent related to, arising from, or in connection with the
            Staggered Emergence.

           

          (b)          If a Default for a failure to report or failure to deliver a required certificate in connection with another default (the “Initial Default”) occurs, then at the time such Initial Default is
            cured, such Default for a failure to report or failure to deliver a required certificate in connection with another default that resulted solely because of that Initial Default shall also be cured without any further action.

           

          (c)          Any Default or Event of Default for the failure to comply with the time periods prescribed in Section 3.10 hereof or otherwise to deliver any notice or certificate pursuant to any other
            provision of this Indenture shall be deemed to be cured upon the delivery of any such report required by such provision or such notice or certificate, as applicable, even though such delivery is not within the prescribed period specified in
            this Indenture. Any time period in this Indenture to cure any actual or alleged Default or Event of Default may be extended or stayed by a court of competent jurisdiction.

           

          SECTION 6.2.      Acceleration.  If any Event of Default (other than an
            Event of Default described in clause (4) or (5) of Section 6.1(a)) occurs and is continuing, the Trustee by written notice to the Issuer or the Holders of at least 30% in principal amount of the outstanding Notes by written notice to
            the Issuer and the Trustee, may declare the principal of, and accrued and unpaid interest, if any, on all the Notes to be due and payable.  Upon such a declaration, such principal and accrued and unpaid interest, if any, will be due and payable
            immediately. 

           

          In the event of any Event of Default specified in clause (6) of Section 6.1(a), such Event of Default and all consequences thereof shall be annulled, waived and rescinded, automatically and without
            any action by the Trustee or the Holders, if within 30 days after such Event of Default arose:

           

          (1)          (x)          the Indebtedness that gave rise to such Event of Default shall have been discharged in full; or

           

          
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          (y)          the holders thereof have rescinded or waived the acceleration, notice or action (as the case may be) giving rise to such Event of Default; or

           

          (z)          the default that is the basis for such Event of Default has been cured; and

           

          (2)          the annulment of the acceleration of the Notes would not conflict with any judgment or decree of a court of competent jurisdiction.

           

          If an Event of Default described in clause (4) or (5) of Section 6.1(a) occurs and is continuing, the principal of, and accrued and unpaid interest, if any, on all Notes will become and be immediately due
            and payable without any declaration or other act on the part of the Trustee or any Holders.

           

          Any notice of Default, notice of acceleration or instruction to the Trustee or Collateral Agent to provide a notice of Default, notice of acceleration or take any other action (a “Noteholder Direction”)
            provided by any one or more Holders (each a “Directing Holder”) must be accompanied by a written representation from each such Holder delivered to the Issuer and the Trustee and Collateral Agent, if applicable, that such Holder is not
            (or, in the case such Holder is DTC or its nominee, that such Holder is being instructed solely by beneficial owners that are not) Net Short (a “Position Representation”), which representation, in the case of a Noteholder Direction
            relating to the delivery of a notice of Default (a “Default Direction”) shall be deemed a continuing representation until the resulting Event of Default is cured or otherwise ceases to exist or the Notes are accelerated. In addition,
            each Directing Holder is deemed, at the time of providing a Noteholder Direction, to covenant to provide the Issuer with such other information as the Issuer may reasonably request from time to time in order to verify the accuracy of such
            Directing Holder’s Position Representation within five Business Days of request therefor (a “Verification Covenant”). In any case in which the Holder is DTC or its nominee, any Position Representation or Verification Covenant required
            hereunder shall be provided by the beneficial owner of the Notes in lieu of DTC or its nominee and DTC shall be entitled to conclusively rely on such Position Representation and Verification Covenant in delivering its direction to the Trustee
            and Collateral Agent, as applicable.

           

          If, following the delivery of a Noteholder Direction, but prior to acceleration of the Notes, the Issuer determines in good faith that there is a reasonable basis to believe a Directing Holder was, at any relevant
            time, in breach of its Position Representation and provides to the Trustee an Officer’s Certificate stating that the Issuer has initiated litigation in a court of competent jurisdiction seeking a determination that such Directing Holder was, at
            such time, in breach of its Position Representation, and seeking to invalidate any Default, Event of Default or acceleration (or notice thereof) that resulted from the applicable Noteholder Direction, the cure period with respect to such
            Default shall be automatically stayed and the cure period with respect to such Default or Event of Default  that resulted from the applicable Noteholder Direction shall be automatically reinstituted and any remedy stayed pending a final and
            non-appealable determination of a court of competent jurisdiction on such matter. If, following the delivery of a Noteholder Direction, but prior to acceleration of the Notes, the Issuer provides to the Trustee an Officer’s Certificate stating
            that a Directing Holder failed to satisfy its Verification Covenant, the cure period with respect to such Default shall be automatically stayed and the cure period with respect to any Default or Event of Default that resulted from the
            applicable Noteholder Direction shall be automatically reinstituted and any remedy stayed pending satisfaction of such Verification Covenant. Any breach of the Position Representation shall result in such Holder’s participation in such
            Noteholder Direction being disregarded; and, if, without the participation of such Holder, the percentage of Notes held by the remaining Holders that provided such Noteholder Direction would have been insufficient to validly provide such
            Noteholder Direction, such Noteholder Direction shall be void ab initio, with the effect that such Default or Event of Default shall be deemed never to have occurred, acceleration voided and the Trustee or Collateral Agent, as applicable, shall
            be deemed not to have received such Noteholder Direction or any notice of such Default or Event of Default.

           

          Notwithstanding anything in the preceding two paragraphs to the contrary, any Noteholder Direction delivered to the Trustee or Collateral Agent during the pendency of an Event of Default as the result of a
            bankruptcy or similar proceeding shall not require compliance with the foregoing paragraphs.

           

          
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          For the avoidance of doubt, the Trustee and Collateral Agent shall be entitled to conclusively rely on any Noteholder Direction delivered to it in accordance with this Indenture, shall have no duty to inquire as to
            or investigate the accuracy of any Position Representation, enforce compliance with any Verification Covenant, verify any statements in any Officer’s Certificate delivered to it, or otherwise make calculations, investigations or determinations
            with respect to Derivative Instruments, Net Shorts, Long Derivative Instruments, Short Derivative Instruments or otherwise. Neither the Trustee nor the Collateral Agent shall have any liability to the Issuer, any Holder or any other Person in
            acting in good faith on a Noteholder Direction.

           

          SECTION 6.3.      Other Remedies.  If an Event of Default occurs and is
            continuing, the Trustee may pursue any available remedy by proceeding at law or in equity to collect the payment of principal of, or premium, if any, or interest, if any, on the Notes or to enforce the performance of any provision of the Notes
            or this Indenture. 

           

          The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding.  A delay or omission by the Trustee or any Holder in exercising any right or
            remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default.  No remedy is exclusive of any other remedy.  All available remedies are cumulative.

           

          SECTION 6.4.      Waiver of Past Defaults. 
            The Holders of a majority in aggregate principal amount of the then outstanding Notes by written notice to the Trustee may, on behalf of all of the Holders, (a) waive, by their consent (including, without limitation, consents obtained in
            connection with a purchase of, or tender offer or exchange offer for, Notes), an existing Default or Event of Default and its consequences under this Indenture and the Security Documents except (i) a Default or Event of Default in the payment
            of the principal of, or interest, on a Note or (ii) a Default or Event of Default in respect of a provision that under Section 9.2 cannot be amended without the consent of each Holder affected and (b) rescind any acceleration with
            respect to the Notes and its consequences if (1) such rescission would not conflict with any judgment or decree of a court of competent jurisdiction, (2) all existing Events of Default have been cured or waived except nonpayment of principal,
            premium, if any, interest, if any, that has become due solely because of the acceleration, (3) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due
            otherwise than by such declaration of acceleration, has been paid, (4) the Issuer has paid the Trustee its compensation and reimbursed the Trustee for its reasonable expenses, disbursements and advances and (5) in the event of the cure or
            waiver of an Event of Default of the type described in clause (6) of Section 6.1(a), the Trustee shall have received an Officer’s Certificate and an Opinion of Counsel stating that such Event of Default has been cured or
            waived.  No such rescission shall affect any subsequent Default or impair any right consequent thereto.  When a Default or Event of Default is waived, it is deemed cured, but no such waiver shall extend to any subsequent or other Default or
            Event of Default or impair any consequent right. 

           

          SECTION 6.5.      Control by Majority. 
            Subject to the terms of the Security Documents, Holders of a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or the
            Collateral Agent or of exercising any trust or power conferred on the Trustee or the Collateral Agent.  However, the Trustee or the Collateral Agent, as applicable, may refuse to follow any direction that conflicts with law or this Indenture or
            the Notes or, subject to Sections 7.1 and 7.2, that the Trustee determines is unduly prejudicial to the rights of other Holders or would involve the Trustee or Collateral Agent in personal liability (it being understood that the
            Trustee and the Collateral Agent have no duty to determine whether any action is prejudicial to any Holder); provided, however, that the Trustee or Collateral
            Agent, as applicable, may take any other action deemed proper by the Trustee or Collateral Agent that is not inconsistent with such direction.  Prior to taking any such action hereunder, the Trustee or Collateral Agent, as applicable, shall be
            entitled to indemnification satisfactory to the Trustee against all fees, losses, liabilities and expenses (including attorney’s fees and expenses) caused by taking or not taking such action. 

           

          
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          SECTION 6.6.      Limitation on Suits. 
            Subject to Section 6.7, a Holder may not pursue any remedy with respect to this Indenture or the Notes unless: 

           

          (1)          such Holder has previously given the Trustee written notice that an Event of Default is continuing;

           

          (2)          Holders of at least 30% in aggregate principal amount of the outstanding Notes have requested in writing the Trustee to pursue the remedy;

           

          (3)          such Holders have offered in writing and, if requested, provided to the Trustee security or indemnity satisfactory to the Trustee against any loss, liability or expense;

           

          (4)          the Trustee has not complied with such request within 60 days after the receipt of the written request and the offer of security or indemnity; and

           

          (5)          Holders of a majority in aggregate principal amount of the outstanding Notes have not given the Trustee a written direction that, in the opinion of the Trustee, is inconsistent with
            such request within such 60‐day period.

           

          A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to
            ascertain whether or not such actions or forbearances are unduly prejudicial to such Holders).

           

          SECTION 6.7.      Rights of Holders to Receive Payment. Notwithstanding any
            other provision of this Indenture (including, without limitation, Section 6.6), the contractual right of any Holder to receive payment of interest on the Notes held by such Holder or to institute suit for the enforcement of any such
            payment on or with respect to such Holder’s Notes shall not be impaired or affected without the consent of such Holder (and, for the avoidance of doubt, the amendment, supplement or modification in accordance with the terms of this Indenture of
            Articles III and IV and Section 6.1(a)(3), (4), (5) and (6) and the related definitions shall be deemed not to impair the contractual right of any Holder to receive payments of principal of
            and interest on such Holder’s Notes on or after the due dates therefor or to institute suit for the enforcement of any such payment on or with respect to such Holder’s Note). 

           

          SECTION 6.8.      Collection Suit by Trustee.  If an Event of Default
            specified in clauses (1) or (2) of Section 6.1(a) occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Issuer for the whole amount then due and owing
            (together with interest on any unpaid interest to the extent lawful) and the amounts provided for in Section 7.7. 

           

          SECTION 6.9.      Trustee May File Proofs of Claim.  The Trustee may
            file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its
            agents and counsel) and the Holders allowed in any judicial proceedings relative to the Issuer, its Subsidiaries or its or their respective creditors or properties and, unless prohibited by law or applicable regulations, may be entitled and
            empowered to participate as a member of any official committee of creditors appointed in such matter and may vote on behalf of the Holders in any election of a trustee in bankruptcy or other Person performing similar functions, and any
            Custodian in any such judicial proceeding is hereby authorized by each Holder to make payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any
            amount due it for the compensation, expenses, disbursements and advances of the Trustee, its agents and its counsel, and any other amounts due the Trustee under Section 7.7. 

           

          No provision of this Indenture shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition
            affecting the Notes or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.

           

          
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          SECTION 6.10.    Priorities.
          

           

          (a)          Subject to the Security Documents, if the Trustee collects any money or property pursuant to this Article VI (including upon exercise of remedies with respect to the Collateral), it shall pay
            out the money or property in the following order:

           

          FIRST:  to the Trustee and to the Collateral Agent, in each case for amounts due to it under Section 7.7 and Section 12.7(z);

           

          SECOND:  to Holders for amounts due and unpaid on the Notes for principal of, or premium, if any, and interest, ratably, without preference or priority of any kind, according to the amounts due
            and payable on the Notes for principal of, or premium, if any, and interest, respectively; and

           

          THIRD:  to the Issuer, or to the extent the Trustee collects any amount for any Guarantor, to such Guarantor.

           

          (b)          The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 6.10.  At least 15 days before such record date, the Issuer shall send or cause to be sent
            to each Holder and the Trustee a notice that states the record date, the payment date and amount to be paid.

           

          SECTION 6.11.    Undertaking for Costs.  In
            any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of
            an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith
            of the claims or defenses made by the party litigant.  This Section 6.11 does not apply to a suit by the Trustee, a suit by the Issuer, a suit by a Holder pursuant to Section 6.7 or a suit by Holders of more than 20.0% in
            outstanding aggregate principal amount of the Notes. 

           

          ARTICLE VII

           

          

          TRUSTEE

           

          SECTION 7.1.      Duties of Trustee. 

           

          (a)          If an Event of Default actually known or notified in writing to a Trust Officer of the Trustee has occurred and is continuing and is actually known to the Trustee, the
            Trustee shall exercise the rights and powers vested in it by this Indenture and use the same degree of care and skill in its exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

           

          (b)          Except during the continuance of an Event of Default:

           

          (1)          the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and no implied covenants or obligations shall be read into this
            Indenture against the Trustee; and

           

          (2)          in the absence of bad faith or willful misconduct on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed
            therein, upon certificates, opinions or orders furnished to the Trustee and conforming to the requirements of this Indenture or the Notes, as the case may be.  However, in the case of any such certificates or opinions which by any provisions
            hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such certificates and opinions to determine whether or not they conform to the requirements of this Indenture or the Notes, as the case may be (but need
            not confirm or investigate the accuracy of mathematical calculations or other facts stated therein).

           

          

          
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          (c)          The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

           

          (1)          this paragraph does not limit the effect of Section 7.1(b);

           

          (2)          the Trustee shall not be liable for any error of judgment made in good faith by a Trust Officer unless it is proved that the Trustee was negligent in ascertaining the pertinent
            facts;

           

          (3)          the Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.5; and

           

          (4)          No provision of this Indenture or the Notes shall require the Trustee to expend or risk its own funds or otherwise incur financial liability in the performance of any of its duties
            hereunder or thereunder or in the exercise of any of its rights or powers, if it shall have reasonable grounds to believe that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it.

           

          (d)          Every provision of this Indenture that in any way relates to the Trustee is subject to clauses (a), (b) and (c) of this Section 7.1.

           

          (e)          The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Issuer.

           

          (f)          Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law.

           

          (g)          Every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section 7.1.

           

          SECTION 7.2.      Rights

              of Trustee.  Subject to Section 7.1: 

           

          (a)          The Trustee may conclusively rely on and shall be fully protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request,
            direction, consent, judgment, order or other paper or document (whether in its original or facsimile form) reasonably believed by it to be genuine and to have been signed or presented by the proper Person.  The Trustee need not investigate any
            fact or matter stated in the document.  The Trustee shall receive and retain financial reports and statements of the Issuer as provided herein, but shall have no duty to review or analyze such reports or statements to determine compliance with
            covenants or other obligations of the Issuer.

           

          (b)          Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate and/or an Opinion of Counsel.  The Trustee shall not be liable for any action it takes or omits to take in good
            faith in reliance on an Officer’s Certificate or Opinion of Counsel.

           

          (c)          The Trustee may execute any of the trusts and powers hereunder or perform any duties hereunder either directly or by or through its attorneys and agents and shall not be responsible for the misconduct
            or negligence of any agent or attorney appointed with due care by it hereunder.

           

          (d)          The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be authorized or within its rights or powers conferred upon it by this Indenture.

           

          
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          (e)          The Trustee may consult with counsel of its selection, and the advice or opinion of counsel relating to this Indenture or the Notes shall be full and complete authorization and protection from
            liability in respect of any action taken, omitted or suffered by it hereunder or under the Notes in good faith and in accordance with the advice or opinion of such counsel.

           

          (f)          The Trustee shall not be deemed to have notice of any Default or Event of Default or whether any entity or group of entities constitutes a Significant Subsidiary unless a Trust Officer of the Trustee
            has actual knowledge thereof or unless written notice of any event which is in fact such a Default or of any such Significant Subsidiary is received by the Trustee at the corporate trust office of the Trustee specified in Section 3.11,
            and such notice references the Notes and this Indenture.

           

          (g)          The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee
            in each of its capacities hereunder, and to each agent, custodian and other Person employed to act hereunder, including the Collateral Agent.

           

          (h)          Neither the Trustee nor the Collateral Agent shall be under any obligation to exercise any of the rights or powers vested in it by this Indenture or the Notes at the request, order or direction of any
            of the Holders pursuant to the provisions of this Indenture, unless such Holders shall have offered, and if requested, provided to the Trustee and the Collateral Agent, as applicable, security or indemnity satisfactory to the Trustee and
            Collateral Agent, as applicable, against the costs, expenses and liabilities which may be incurred therein or thereby.

           

          (i)          The Trustee shall not be deemed to have knowledge of any fact or matter unless such fact or matter is known to a Trust Officer of the Trustee.

           

          (j)          Whenever in the administration of this Indenture or the Notes the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder or
            thereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of negligence or willful misconduct on its part, conclusively rely upon an Officer’s Certificate.

           

          (k)          The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, report, notice, request, direction, judgment, consent,
            order, bond, debenture, coupon or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further
            inquiry or investigation, it shall be entitled to examine, during business hours and upon reasonable notice, the books, records and premises of the Issuer and the Restricted Subsidiaries, personally or by agent or attorney at the sole cost of
            the Issuer and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation.

           

          (l)          The Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties hereunder.

           

          (m)         The Trustee may request that the Issuer deliver an Officer’s Certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to
            this Indenture or the Notes.

           

          (n)          In no event shall the Trustee be liable to any Person for special, punitive, indirect, consequential or incidental loss or damage of any kind whatsoever (including, but not limited to, lost profits),
            even if the Trustee has been advised of the likelihood of such loss or damage.

           

          (o)          Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Issuer shall be sufficient if signed by one Officer of the Issuer.

           

          
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          (p)          The permissive rights of the Trustee under this Indenture and the other Note Documents shall not be construed as duties.

           

          SECTION 7.3.      Individual Rights of Trustee.  The Trustee in its
            individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuer, Guarantors or their Affiliates with the same rights it would have if it were not Trustee.  Any Paying Agent, Registrar,
            co-registrar or co‐paying agent may do the same with like rights.  However, the Trustee must comply with Sections 7.10 and 7.11.  In addition, the Trustee shall be permitted to engage in transactions with the Issuer and their
            respective Affiliates and Subsidiaries. 

           

          SECTION 7.4.      Trustee’s Disclaimer.  The Trustee shall not be
            responsible for and makes no representation as to the validity or adequacy of this Indenture, the Notes, the Junior Intercreditor Agreement, if any, or the Security Documents, shall not be accountable for the Issuer’s use of the proceeds from
            the sale of the Notes, shall not be responsible for the use or application of any money received by any Paying Agent other than the Trustee or any money paid to the Issuer pursuant to the terms of this Indenture, shall not be responsible for
            any action or inaction of the Collateral Agent and shall not be responsible for any statement of the Issuer in this Indenture, the Junior Intercreditor Agreement, if any, the Security Documents or in any document issued in connection with the
            sale of the Notes or in the Notes other than the Trustee’s certificate of authentication. 

           

          SECTION 7.5.      Notice of Defaults.  If a Default or Event of Default
            occurs and is continuing and if a Trust Officer has actual knowledge thereof, the Trustee shall send electronically or by first class mail to each Holder at the address set forth in the Notes Register notice of the Default or Event of Default
            within 60 days after it is actually known to a Trust Officer.  Except in the case of a Default or Event of Default in payment of principal of or interest, if any, on any Note (including payments pursuant to the optional redemption or required
            repurchase provisions of such Note), the Trustee may withhold the notice if and so long as it in good faith determines that withholding the notice is in the interests of Holders. 

           

          SECTION 7.6.      [Reserved]. 

           

          SECTION
            7.7.      Compensation and Indemnity.  The Issuer shall pay to the Trustee from time to time compensation for its services hereunder and under the Notes as the Issuer and the Trustee shall from time to time agree in writing.  The
            Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust.  The Issuer shall reimburse the Trustee upon request for all reasonable out‐of‐pocket expenses incurred or made by it, including, but not
            limited to, costs of collection, costs of preparing reports, certificates and other documents, costs of preparation and mailing of notices to Holders.  Such expenses shall include the reasonable compensation and expenses, disbursements and
            advances of the agents, counsel, accountants and experts of the Trustee.  The Issuer and the Guarantors, jointly and severally, shall indemnify the Trustee, its directors, officers, employees and agents against any and all loss, liability,
            damages, claims or expense, including taxes (other than taxes based upon the income of the Trustee) (including reasonable attorneys’ and agents’ fees and expenses) incurred by it without willful misconduct or gross negligence, as determined by
            a final nonappealable order of a court of competent jurisdiction, on its part in connection with the administration of this trust and the performance of its duties hereunder, under the Notes and the other Note Documents, including the costs and
            expenses of enforcing this Indenture (including this Section 7.7) and the Notes and of defending itself against any claims (whether asserted by any Holder, the Issuer or otherwise).  The Trustee shall notify the Issuer promptly of any
            claim for which it may seek indemnity of which it has received written notice.  Failure by the Trustee to so notify the Issuer shall not relieve the Issuer of its obligations hereunder.  The Issuer shall defend the claim and the Trustee shall
            provide reasonable cooperation at the Issuer’s expense in the defense.  The Trustee may have separate counsel and the Issuer shall pay the fees and expenses of such counsel; provided that the Issuer
            shall not be required to pay the fees and expenses of such separate counsel if it assumes the Trustee’s defense, and, in the reasonable judgment of outside counsel to the Trustee, there is no conflict of interest between the Issuer and the
            Trustee in connection with such defense; provided further that, the Issuer shall be required to pay the reasonable fees and expenses of such counsel in evaluating such conflict. 

           

          
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          To secure the Issuer’s payment obligations in this Section 7.7, the Trustee shall have a lien prior to the Notes on all money or property held or collected by the Trustee other than money or property held
            in trust to pay principal of and interest on particular Notes.  Such lien shall survive the satisfaction and discharge of this Indenture.  The Trustee’s respective right to receive payment of any amounts due under this Section 7.7 shall
            not be subordinate to any other liability or Indebtedness of the Issuer.

           

          The Issuer’s payment obligations pursuant to this Section 7.7 shall survive the discharge of this Indenture and any resignation or removal of the Trustee under Section 7.8.  Without prejudice to any
            other rights available to the Trustee under applicable law, when the Trustee incurs fees, expenses or renders services after the occurrence of a Default specified in clause (4) or clause (5) of Section 6.1(a), the fees
            and expenses (including the reasonable fees and expenses of its counsel) are intended to constitute expenses of administration under any Bankruptcy Code.

           

          SECTION 7.8.      Replacement

              of Trustee.  The Trustee may resign at any time by so notifying the Issuer in writing not less than 30 days prior to the effective date of such resignation.  The Holders of a majority in aggregate principal amount of the Notes may remove
            the Trustee by so notifying the removed Trustee in writing not less than 30 days prior to the effective date of such removal and may appoint a successor Trustee with the Issuer’s written consent, which consent will not be unreasonably
            withheld.  The Issuer shall remove the Trustee if: 

           

          (1)          the Trustee fails to comply with Section 7.10 hereof;

           

          (2)          the Trustee is adjudged bankrupt or insolvent;

           

          (3)          a receiver or other public officer takes charge of the Trustee or its property; or

           

          (4)          the Trustee otherwise becomes incapable of acting.

           

          If the Trustee resigns or is removed by the Issuer or by the Holders of a majority in principal amount of the Notes and such Holders do not reasonably promptly appoint a successor Trustee as described in the
            preceding paragraph, or if a vacancy exists in the office of the Trustee for any reason (the Trustee in such event being referred to herein as the retiring Trustee), the Issuer shall promptly appoint a successor Trustee.

           

          A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Issuer.  Thereupon the resignation or removal of the retiring Trustee shall become effective, and the
            successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture.  The successor Trustee shall mail a notice of its succession to Holders.  The retiring Trustee shall, at the expense of the Issuer, promptly
            transfer all property held by it as Trustee to the successor Trustee, subject to the Lien provided for in Section 7.7.

           

          If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee or the Holders of at least 10.0% in aggregate principal amount of the Notes may
            petition, at the Issuer’s expense, any court of competent jurisdiction for the appointment of a successor Trustee.

           

          If the Trustee fails to comply with Section 7.10, any Holder, who has been a bona fide Holder of a Note for at least six months, may petition any court of competent jurisdiction for the removal of the
            Trustee and the appointment of a successor Trustee.

           

          Notwithstanding the replacement of the Trustee pursuant to this Section 7.8, the Issuer’s obligations under Section 7.7 shall continue for the benefit of the retiring Trustee.  The predecessor
            Trustee shall have no liability for any action or inaction of any successor Trustee.

           

          
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          SECTION 7.9.      Successor Trustee by Merger.  If the Trustee
            consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation without any further act
            shall be the successor Trustee. 

           

          In case at the time such successor or successors by merger, conversion or consolidation to the Trustee shall succeed to the trusts created by this Indenture, any of the Notes shall have been authenticated but not
            delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor trustee, and deliver such Notes so authenticated; and in case at that time any of the Notes shall not have been authenticated, any
            successor to the Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Trustee; provided that the right to adopt the certificate of
            authentication of any predecessor Trustee or authenticate Notes in the name of any predecessor Trustee shall only apply to its successor or successors by merger, consolidation or conversion.

           

          SECTION 7.10.    Eligibility;

              Disqualification.  This Indenture shall always have a Trustee.  The Trustee shall have a combined capital and surplus of at least $100 million as set forth in its most recent published annual report of condition. 

           

          SECTION 7.11.    [Reserved]. 

           

          SECTION 7.12.    Trustee’s Application for Instruction from the Issuer. 
            Any application by the Trustee for written instructions from the Issuer may, at the option of the Trustee, set forth in writing any action proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after which
            such action shall be taken or such omission shall be effective.  The Trustee shall not be liable for any action taken by, or omission of, the Trustee in accordance with a proposal included in such application on or after the date specified in
            such application (which date shall not be less than three (3) Business Days after the date any Officer of the Issuer actually receives such application, unless any such Officer shall have consented in writing to any earlier date) unless prior
            to taking any such action (or the effective date in the case of an omission), the Trustee shall have received written instructions in response to such application specifying the action to be taken or omitted. 

           

          SECTION 7.13.    Security Documents; Intercreditor Agreements. By their acceptance of the Notes, the Holders hereby (i) are deemed to have accepted the terms
            of, agreed to be bound by and authorized and directed each of the Trustee and the Collateral Agent, as applicable, to enter into and perform its respective obligations under, the DIP Security Documents and the Exit Security Documents, as
            applicable, and (ii) except to the extent provided by Article IX, authorize and instruct the Trustee and the Collateral Agent, as the case may be, without any further consent of any Holder or any other First Lien Secured Party, to enter
            into , amend, renew, extend, supplement, restate, replace, waive or otherwise modify any intercreditor agreement, the DIP Security Documents, the Exit Security Documents or the Junior Intercreditor Agreement on behalf of, and binding with
            respect to, the Holders of the Notes and their interest in designated assets, in connection with the incurrence of any Additional First Lien Obligations and/or any additional Junior Lien Obligations, including to clarify the respective rights
            of all parties in and to designated assets; provided, however, that any amendment, renewal, extension, supplement, restatement, replacement, waiver or other
            modification of the DIP Security Documents or Exit Security Documents shall be no less favorable, taken as a whole, to Holders in any material respect (including with respect to priority of Liens) than (i) prior to the Conversion Date, the DIP
            Security Documents, and (ii) following the Conversion Date, the Exit Security Documents. The Collateral Agent and the Trustee, subject to Article IX, will enter into, amend, renew, extend, supplement, restate, replace, waive or otherwise modify
            any such intercreditor agreement, the DIP Security Documents, the Exit Security Documents and/or Junior Intercreditor Agreement at the request of the Issuer, and any intercreditor agreement entered into by the Collateral Agent and/or the
            Trustee shall be binding on the First Lien Secured Parties and Holders and the First Lien Secured Parties hereby agree that they will take no actions contrary to the provisions of, if entered into and if applicable, any intercreditor agreement,
            provided that the Issuer will have delivered to the Collateral Agent and the Trustee an Officer’s Certificate to the effect that such other intercreditor agreement complies with the provisions of this
            Indenture, the DIP Security Documents and the Exit Security Documents. Each Holder hereby agrees that the Collateral Agent may enter into any amendment, (1) to any First Lien Security Document solely as such First Lien Security Document relates
            to a particular series of First Lien Obligations so long as (x) such amendment is in accordance with the First Lien Documents pursuant to which such series of First Lien Obligations was incurred (including, in the case of the Notes, this
            Indenture) and (y) such amendment does not adversely affect the material rights of the Holders of any other series, (2) to effect the granting, perfection, protection, expansion or enhancement of any security interest in any Collateral or
            additional property (but not including Excluded Assets) to become collateral for the benefit of the First Lien Secured Parties (including entering into and/or modifying any intercreditor agreement in connection with Indebtedness not prohibited
            under any First Lien Document that is or is contemplated to be subject to a Lien permitted by the First Lien Documents (subject to any restrictions set forth in the First Lien Documents as to the priority of any such Lien relative to any Lien
            securing, or required to be granted to secure, the First Lien Obligations)), (3) as required by local law or to comply with advice from local counsel to give effect to, or protect any security interest for the benefit of the First Lien Secured
            Parties, in any property or so that the security interests therein comply with applicable law or any First Lien Document or (4) to otherwise enhance the rights or benefits of the First Lien Secured Parties under the Security Documents; provided, that the Collateral Agent and the Trustee receives an Officer’s Certificate of the Issuer stating that such amendment is not expressly prohibited by the terms of each then extant First Lien
            Document. It is hereby expressly acknowledged and agreed that, in doing so, the Trustee and the Collateral Agent are not responsible for the terms or contents of such agreements, or for the validity or enforceability thereof, or the sufficiency
            thereof for any purpose. Whether or not so expressly stated therein, in entering into, or taking (or forbearing from) any action under, the DIP Security Documents, the Exit Security Documents and/or Junior Intercreditor Agreement or any other
            Security Documents, the Trustee and the Collateral Agent each shall have all of the rights, privileges, benefits, immunities, indemnities and other protections granted to it under this Indenture (in addition to those that may be granted to it
            under the terms of such other agreement or agreements). The Company shall have the right to determine whether Obligations with respect to any Additional First Lien Obligations will, as between such Additional First Lien Obligations and the Note
            Obligations, rank pari passu or junior with respect to the Collateral, senior, pari passu or junior in right of payment, and as between or among such Additional
            First Lien Obligations and any other First Lien Obligations, rank pari passu or junior with respect to the Collateral or right of payment, in each case to the extent permitted under the applicable First
            Lien Security Documents and this Indenture. 

           

          
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          SECTION 7.14.    Limitation on Duty of Trustee in Respect of Collateral; Indemnification. 

           

          (a)          Beyond the exercise of reasonable care in the custody thereof, the Trustee shall have no duty as to any Collateral in its possession or control or in the possession or control of any agent or bailee or
            any income thereon or as to preservation of rights against prior parties or any other rights pertaining thereto and the Trustee shall not be responsible for filing any financing or continuation statements or recording any documents or
            instruments in any public office at any time or times or otherwise perfecting or maintaining the perfection of any security interest in the Collateral. The Collateral Agent shall be deemed to have exercised reasonable care in the custody of the
            Collateral in its possession if the Collateral is accorded treatment substantially equal to that which it accords its own property and shall not be liable or responsible for any loss or diminution in the value of any of the Collateral, by
            reason of the act or omission of any carrier, forwarding agency or other agent or bailee selected by the Trustee in good faith. The Trustee shall not be responsible or liable for any action or inaction of the Collateral Agent.

           

          (b)          The Trustee and Collateral Agent shall not be responsible for the existence, genuineness or value of any of the Collateral or for the validity, perfection, priority or enforceability of the Liens in
            any of the Collateral, whether impaired by operation of law or by reason of any action or omission to act on its part hereunder, for the validity or sufficiency of the Collateral or any agreement or assignment contained therein, for the
            validity of the title of the Issuer or the Guarantors to the Collateral, for insuring the Collateral or for the payment of taxes, charges, assessments or Liens upon the Collateral or otherwise as to the maintenance of the Collateral (except
            with respect to certificates delivered to the Collateral Agent representing securities pledged under the Security Documents). The Trustee and Collateral Agent shall have no duty to ascertain or inquire as to the performance or observance of any
            of the terms of this Indenture, the Junior Intercreditor Agreement, if any, or the Security Documents by the Issuer, any Guarantor or the Collateral Agent.

           

          
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          ARTICLE VIII

           

          

          LEGAL
              DEFEASANCE AND COVENANT DEFEASANCE

           

          SECTION 8.1.      Option

              to Effect Legal Defeasance or Covenant Defeasance; Defeasance.  The Issuer may, at its option and at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the
            conditions set forth below in this Article VIII. 

           

          SECTION 8.2.      Legal Defeasance and Discharge.  Upon the Issuer’s exercise under Section 8.1 hereof of the
            option applicable to this Section 8.2, the Issuer and each of the Guarantors will, subject to the satisfaction of the conditions set forth in Section 8.4 hereof, be deemed to have been discharged from their obligations with
            respect to all outstanding Notes (including the Guarantees) and the Security Documents with respect to such Series on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”).  For this purpose, Legal
            Defeasance means that the Issuer and the Guarantors will be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes (including the Guarantees), which will thereafter be deemed to be “outstanding” only for
            the purposes of Section 8.5 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and to have satisfied all of their other obligations under the Note Documents (and the Trustee, on
            written demand of and at the expense of the Issuer, shall execute such instruments reasonably requested by the Issuer acknowledging the same) and the Security Documents, and to have cured all then existing Events of Default, except for the
            following provisions which will survive until otherwise terminated or discharged hereunder: 

           

          (1)          the rights of Holders of Notes issued under this Indenture to receive payments in respect of the principal of, premium, if any, and interest, if any, on
            the Notes when such payments are due solely out of the trust referred to in Section 8.4 hereof;

           

          (2)          the Issuer’s obligations with respect to the Notes under Article II concerning issuing temporary Notes, registration of such Notes, mutilated,
            destroyed, lost or stolen Notes and Section 3.11 hereof concerning the maintenance of an office or agency for payment and money for security payments held in trust;

           

          (3)          the rights, powers, trusts, duties and immunities of the Trustee and the Issuer’s or Guarantors’ obligations in connection therewith; and

           

          (4)          this Article VIII with respect to provisions relating to Legal Defeasance.

           

          SECTION 8.3.     Covenant Defeasance.  Upon the Issuer’s exercise under Section 8.1 hereof of the option applicable to this Section 8.3,
            each Issuer and each of the Guarantors will, subject to the satisfaction of the conditions set forth in Section 8.4 hereof, be released from each of their obligations under the covenants contained in Section 3.2, 3.3, 3.4,
            3.5, 3.6, 3.7, 3.8, 3.9, 3.10, 3.12, 3.14, 3.15, 3.19, 3.20, 3.21, and Section 4.1 (except Section 4.1(a)(1) and (a)(2))
            hereof with respect to the outstanding Notes on and after the date the conditions set forth in Section 8.4 hereof are satisfied (hereinafter, “Covenant Defeasance”), and the Notes will thereafter be deemed not “outstanding” for
            the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but will continue to be deemed “outstanding” for all other purposes hereunder.  For this
            purpose, Covenant Defeasance means that, with respect to the outstanding Notes and Note Guarantees, the Issuer and the Guarantors may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in
            any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to
            comply shall not constitute a Default or an Event of Default under Section 6.1(a) hereof, but, except as specified above, the remainder of this Indenture and such Notes and Guarantees will be unaffected thereby.  In addition, upon the
            Issuer’s exercise under Section 8.1 hereof of the option applicable to this Section 8.3, subject to the satisfaction of the conditions set forth in Section 8.4 hereof, Sections 6.1(a)(3) (other than with respect
            to Section 4.1(a)(1) and (a)(2)), Section 6.1(a)(6), 6.1(a)(8), 6.1(a)(9), and 6.1(a)(4) (with respect only to a Guarantor that is a Significant Subsidiary or any group of Guarantors that taken
            together would constitute a Significant Subsidiary), 6.1(a)(5) (with respect only to a Guarantor that is a Significant Subsidiary or any group of Guarantors that taken together would constitute a Significant Subsidiary), 6.1(a)(10)
            and 6.1(a)(11) hereof shall not constitute Events of Default. 

           

          
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          SECTION 8.4.      Conditions to Legal or Covenant Defeasance.  In order to exercise either Legal Defeasance or Covenant Defeasance under either Section 8.2 or 8.3
            hereof: 

           

          (1)          the Issuer must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders, cash in Dollars, U.S. Government Obligations, or a
            combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay the principal of and premium, if any, interest, due on the Notes issued under this Indenture on
            the stated maturity date or on the applicable Redemption Date, as the case may be, and the Issuer must specify whether such Notes are being defeased to maturity or to a particular Redemption Date; provided,
            that upon any redemption that requires the payment of the Applicable Premium, the amount deposited shall be sufficient for purposes of this Indenture to the extent that an amount is deposited with the Trustee equal to the Applicable Premium
            calculated as of the date of the notice of redemption, as calculated by the Issuer or on behalf of the Issuer by such Person as the Issuer shall designate, with any deficit as of the date of redemption (any such amount, the “Applicable
              Premium Deficit”) only required to be deposited with the Trustee on or prior to the date of redemption. Any Applicable Premium Deficit shall be set forth in an Officer’s Certificate delivered to the Trustee at least two (2) Business Days
            before the Redemption Date that confirms that such Applicable Premium Deficit shall be applied toward such redemption;

           

          (2)          in the case of Legal Defeasance, the Issuer shall have delivered to the Trustee an Opinion of Counsel to the effect that, subject to customary assumptions and exclusions;

           

          (A)          the Issuer has received from, or there has been published by, the United States Internal Revenue Service a ruling; or

           

          (B)          since the issuance of such Notes, there has been a change in the applicable U.S. federal income tax law;

           

          in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, subject to customary assumptions and exclusions, the beneficial owners of the Notes, in their capacity as beneficial
            owners of the Notes, will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Legal Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times
            as would have been the case if such Legal Defeasance had not occurred;

           

          (3)          in the case of Covenant Defeasance, the Issuer shall have delivered to the Trustee an Opinion of Counsel to the effect that, subject to customary assumptions and exclusions, the
            beneficial owners of the Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Covenant Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at
            the same times as would have been the case if such Covenant Defeasance had not occurred;

           

          
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          (4)          no Default or Event of Default (other than that resulting from borrowing funds to be applied to make such deposit and the granting of Liens in connection therewith) shall have
            occurred and be continuing on the date of such deposit;

           

          (5)          such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under the Credit Facilities or any other material agreement or
            instrument (other than this Indenture) to which, the Issuer or any Guarantor is a party or by which the Issuer or any Guarantor is bound;

           

          (6)          [reserved];

           

          (7)          the Issuer shall have delivered to the Trustee an Officer’s Certificate to the effect that the deposit was not made by the Issuer with the intent of defeating, hindering, delaying,
            defrauding or preferring any creditors of the Issuer or any Guarantor; and

           

          (8)          the Issuer shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel (which Opinion of Counsel may be subject to customary assumptions and exclusions)
            each to the effect that all conditions precedent provided for or relating to the Legal Defeasance or the Covenant Defeasance, as the case may be, have been complied with.

           

          SECTION 8.5.      Deposited

              Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions.  Subject to Section 8.6 hereof, all money and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee (or
            other qualifying trustee, collectively for purposes of this Section 8.5, the “Trustee”) pursuant to Section 8.4 hereof in respect of the outstanding Notes will be held in trust and applied by the Trustee, in accordance
            with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer acting as Paying Agent) as the Trustee may determine, to the Holders of such Notes of all sums due and to
            become due thereon in respect of principal, premium, and interest, but such money need not be segregated from other funds except to the extent required by law. 

           

          The Issuer will pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or U.S. Government Obligations deposited pursuant to Section 8.4 hereof or the
            principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Notes.

           

          Notwithstanding anything in this Article VIII to the contrary, the Trustee will deliver or pay to the Issuer from time to time upon the request of the Issuer any money or U.S. Government Obligations held by
            it as provided in Section 8.4 hereof which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under
            Section 8.4(1) hereof), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance.

           

          SECTION 8.6.      Repayment to the Issuer.  Any money deposited with the Trustee or any Paying Agent, or then held by the Issuer, in trust for the payment of the principal of, premium or interest on, any Note
            and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the Issuer on its written request unless an abandoned property law designates another Person or (if then held by the
            Issuer) will be discharged from such trust; and the Holder of such Note will thereafter be permitted to look only to the Issuer for payment thereof unless an abandoned property law designates another Person, and all liability of the Trustee or
            such Paying Agent with respect to such trust money, and all liability of the Issuer as trustee thereof, will thereupon cease; provided, however, that the Trustee
            or such Paying Agent, before being required to make any such repayment, shall at the expense of the Issuer cause to be published once, in The New York Times and The Wall Street Journal (national edition), notice that such money remains
            unclaimed and that, after a date specified therein, which will not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining will be repaid to the Issuer. 

           

          
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          SECTION 8.7.      Reinstatement.  If the Trustee or Paying Agent is
            unable to apply any money or Dollars or U.S. Government Obligations in accordance with Section 8.2 or 8.3 hereof, as the case may be, by reason of any order or judgment of any court or Governmental Authority enjoining,
            restraining or otherwise prohibiting such application, then the Issuer’s and the Guarantors’ obligations under this Indenture and the Notes and the Note Guarantees will be revived and reinstated as though no deposit had occurred pursuant to Section

              8.2 or 8.3 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 8.2 or 8.3 hereof, as the case may be; provided, however, that, if the Issuer make any payment of principal of, premium, or interest on, any Note following the reinstatement of its obligations, the Issuer will be subrogated to the rights of the Holders of
            such Notes to receive such payment from the money or U.S. Government Obligations held by the Trustee or Paying Agent. 

           

          ARTICLE IX

           

          

          AMENDMENTS

           

          SECTION 9.1.      Without Consent of Holders.  Notwithstanding Section 9.2 of this Indenture, the Issuer, any Guarantor (with respect to its Guarantee, this Indenture or the
            Security Documents), the Trustee and/or the Collateral Agent may amend, supplement or modify this Indenture, any Guarantee, the Security Documents and the Notes without the consent of any Holder: 

           

          (1)          to cure any ambiguity, omission, mistake, defect, error or inconsistency, conform any provision to any provision under the heading “Description of Notes” in the Offering Circular or
            reduce the minimum denomination of the Notes;

           

          (2)          to provide for the assumption by a successor Person of the obligations of the Issuer or a Guarantor under any Note Document or to comply with Section 4.1, including any
            assumption of the obligations of the Issuer in accordance with the terms of this Indenture;

           

          (3)          to provide for uncertificated Notes in addition to or in place of certificated Notes or to alter the provisions of this Indenture relating to the form of the Notes (including related
            definitions);

           

          (4)          to add to or modify the covenants or provide for a Note Guarantee for the benefit of the Holders or to surrender any right or power conferred upon the Issuer or any Restricted
            Subsidiary;

           

          (5)          to make any change (including changing the CUSIP or other identifying number on any Notes) that would provide any additional rights or benefits to the Holders or that does not
            materially and adversely affect the rights of any Holder in any material respect;

           

          (6)          at the Issuer’s election, comply with any requirement of the SEC in connection with the qualification of this Indenture under the Trust Indenture Act, if such qualification is
            required;

           

          (7)          make such provisions as necessary for the issuance of Additional Notes in accordance with the terms of this Indenture;

           

          (8)          provide for any Restricted Subsidiary to provide a Note Guarantee in accordance with Section 3.2, to add Guarantees with respect to the Notes, to add security to or for the
            benefit of the Notes, or to confirm and evidence the release, termination, discharge or retaking of any Guarantee or Lien with respect to or securing the Notes when such release, termination, discharge or retaking is provided for under this
            Indenture;

           

          
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          (9)          evidence and provide for the acceptance and appointment under this Indenture of a successor Trustee, a successor Collateral Agent or successor Paying Agent thereunder pursuant to the
            requirements hereof or to provide for the accession by the Trustee or Collateral Agent to any Note Document;

           

          (10)        secure the Notes and/or the related Note Guarantees or to add collateral thereto;

           

          (11)        add an obligor or a Guarantor under this Indenture;

           

          (12)        make any amendment to the provisions of this Indenture relating to the transfer and legending of Notes as permitted by this Indenture, including to facilitate the issuance and
            administration of Notes; provided, however, that such amendment does not materially and adversely affect the rights of Holders to transfer the Notes;

           

          (13)        comply with the rules and procedures of any applicable securities depositary;

           

          (14)        to mortgage, pledge, hypothecate or grant any other Lien in favor of the Trustee or the Collateral Agent for the benefit of the Holders, as additional security for the payment and
            performance of all or any portion of the First Lien Notes Obligations, in any property or assets, including any which are required to be mortgaged, pledged or hypothecated, or in which a Lien is required to be granted to or for the benefit of
            the Trustee or the Collateral Agent pursuant to this Indenture, any of the Security Documents or otherwise;

           

          (15)        to add Additional First Lien Secured Parties to any Security Documents;

           

          (16)        to enter into the Junior Intercreditor Agreement, or any intercreditor agreement having substantially similar terms with respect to the Holders as set forth in the Security Documents,
            taken as a whole, or any joinder thereto; and

           

          (17)        to provide for the succession of any parties to the Security Documents (and other amendments that are administrative or ministerial in nature) in connection with an amendment,
            renewal, extension, substitution, refinancing, restructuring, replacement, supplementing or other modification from time to time of the Credit Agreement or any other agreement that is not prohibited by this Indenture.

           

          Subject to Section 9.2, upon the request of the Issuer and upon receipt by the Trustee and the Collateral Agent of the documents described in Section 9.6 and 14.2 hereof, the Trustee and/or
            the Collateral Agent will join with the Issuer and the Guarantors in the execution of such amended or supplemental indenture, security documents or intercreditor agreements, unless such amended or supplemental indenture, security documents or
            intercreditor agreements affects the Trustee’s or Collateral Agent’s own rights, duties, liabilities or immunities under this Indenture and the Security Documents or otherwise, in which case the Trustee or Collateral Agent, as applicable, may
            in its discretion, but will not be obligated to, enter into such amended or supplemental indenture, security documents or intercreditor agreements.

           

          SECTION 9.2.      With Consent of Holders.  Except as provided
            below in this Section 9.2, the Issuer, the Guarantors, the Trustee and the Collateral Agent may amend or supplement this Indenture, any Guarantee, the Security Documents and the Notes issued hereunder with the consent of the Holders of
            at least a majority in principal amount of all the outstanding Notes issued under this Indenture, including, without limitation, consents obtained before or after a Change of Control or in connection with a purchase of, or tender offer or
            exchange offer for, Notes, and any existing Default or Event of Default (other than a Default or Event of Default in the payment of the principal of, premium, if any, or interest on the Notes, except a payment default resulting from an
            acceleration that has been rescinded) or compliance with any provision of this Indenture, the Notes, the Note Guarantees or the Security Documents may be waived with the consent of the Holders of at least a majority in principal amount of all
            the outstanding Notes issued under this Indenture (including consents obtained before or after a Change of Control or in connection with a purchase of or tender offer or exchange offer for Notes).  Section 2.12 hereof and Section
              14.4 hereof shall determine which Notes are considered to be “outstanding” for the purposes of this Section 9.2. 

           

          
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          Upon the request of the Issuer, and upon delivery to the Trustee and the Collateral Agent, as applicable, of evidence of the consent of the Holders of Notes as aforesaid, and upon receipt by the Trustee and/or the
            Collateral Agent of the documents described in Section 9.6 and 14.2 hereof, the Trustee and/or the Collateral Agent will join with the Issuer and the Guarantors in the execution of such amended or supplemental indenture,
            security documents or intercreditor agreements unless such amended or supplemental indenture, security documents or intercreditor agreements affect the Trustee’s or the Collateral Agent’s own rights, duties, liabilities or immunities under this
            Indenture or otherwise, in which case the Trustee or the Collateral Agent, as applicable, may in its discretion, but will not be obligated to, enter into such amended or supplemental indenture, security documents or intercreditor agreements.

           

          Without the consent of each Holder of Notes affected, an amendment, supplement or waiver may not, with respect to any Notes issued thereunder and held by a nonconsenting Holder:

           

          (1)          reduce the principal amount of such Notes whose Holders must consent to an amendment;

           

          (2)          reduce the stated rate of or extend the stated time for payment of interest on any such Note (other than provisions relating to Section 3.5 and Section 3.9);

           

          (3)          reduce the principal of or extend the Stated Maturity of any such Note (other than provisions relating to Section 3.5 and Section 3.9);

           

          (4)          reduce the premium payable upon the redemption of any such Note or change the time at which any such Note may be redeemed, in each case as set forth in Section 5.7 or Section

              5.9;

           

          (5)          make any such Note payable in currency other than that stated in such Note;

           

          (6)          impair the right of any Holder to institute suit for the enforcement of any payment of principal of and interest on such Holder’s Notes on or after the due dates therefor;

           

          (7)          waive a Default or Event of Default with respect to the nonpayment of principal, premium or interest (except pursuant to a rescission of acceleration of the Notes by the Holders of
            at least a majority in aggregate principal amount of such Notes outstanding and a waiver of the payment default that resulted from such acceleration); or

           

          (8)          make any change in the amendment or waiver provisions which require the Holders’ consent described in this Section 9.2.

           

          Notwithstanding the foregoing, without the consent of the Holders of at least 66-2/3% in aggregate principal amount of the Notes then outstanding, no amendment or waiver may (A) make any change in any Security
            Document or the provisions in this Indenture dealing with Collateral or application of trust proceeds of the Collateral with the effect of releasing the Liens on all or substantially all of the Collateral which secure the Obligations in respect
            of the Notes or (B) change or alter the priority of the Liens securing the Obligations in respect of the Notes in any material portion of the Collateral in any way materially adverse, taken as a whole, to the Holders (as determined in good
            faith by the Issuer), other than, in each case, as provided under the terms of this Indenture or the Security Documents.

           

          It shall not be necessary for the consent of the Holders under this Indenture to approve the particular form of any proposed amendment, supplement or waiver, but it shall be sufficient if such consent approves the
            substance thereof.  A consent to any amendment, supplement or waiver under this Indenture by any Holder of the Notes given in connection with a tender or exchange of such Holder’s Notes will not be rendered invalid by such tender or exchange.

           

          
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          SECTION 9.3.      [Reserved]. 

           

          SECTION 9.4.      Revocation and Effect of
              Consents and Waivers.  Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a Note is a continuing consent by the Holder of a Note and every subsequent Holder of a Note or portion of a Note that
            evidences the same debt as the consenting Holder’s Note, even if notation of the consent or waiver is not made on any Note.  However, any such Holder of a Note or subsequent Holder of a Note may revoke the consent or waiver as to such Holder’s
            Note or portion of its Note if the Trustee receives written notice of revocation before the date the amendment, supplement or waiver becomes effective.  An amendment, supplement or waiver becomes effective in accordance with its terms and
            thereafter binds every Holder. 

           

          The Issuer may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to give their consent or take any other action described in this Section 9.4 or required
            or permitted to be taken pursuant to this Indenture.  If a record date is fixed, then notwithstanding the immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only those
            Persons, shall be entitled to give such consent or to revoke any consent previously given or to take any such action, whether or not such Persons continue to be Holders after such record date.  No such consent shall be valid or effective for
            more than 120 days after such record date.

           

          SECTION 9.5.      Notation

              on or Exchange of Notes.  The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Note thereafter authenticated.  The Issuer in exchange for all Notes may issue and the Trustee shall, upon receipt of
            an Issuer Order, authenticate new Notes that reflect the amendment, supplement or waiver. 

           

          Failure to make the appropriate notation or issue a new Note will not affect the validity and effect of such amendment, supplement or waiver.

           

          SECTION 9.6.      Trustee to Sign Amendments.  The Trustee and the Collateral Agent shall sign any amended or supplemental indenture, security documents or intercreditor agreements authorized pursuant to this
            Article IX if the amendment or supplement does not adversely affect the rights, duties, liabilities or immunities of the Trustee or the Collateral Agent, as applicable.  In executing any amended or supplemental indenture, the Trustee
            will be entitled to receive and (subject to Sections 7.1 and 7.2 hereof) shall be fully protected in conclusively relying upon, in addition to the documents required by Section 14.2 hereof, an Officer’s Certificate and
            an Opinion of Counsel stating that the execution of such amended or supplemental indenture or security documents or intercreditor agreements is authorized or permitted by this Indenture and is valid, binding and enforceable against the Issuer
            or any Guarantor, as the case may be, in accordance with its terms.  Notwithstanding the foregoing, (i) no Opinion of Counsel shall be required in connection with the supplemental indenture to be delivered by New Frontier Issuer and the Initial
            Guarantors on the Conversion Date in the form attached hereto as Exhibit C and (ii) no Opinion of Counsel shall be required in connection with the addition of a Guarantor under this Indenture upon (a) execution and delivery by such Guarantor
            and the Trustee and the Collateral Agent of a supplemental indenture to this Indenture, the form of which is attached as Exhibit B hereto and (b) delivery of an Officer’s Certificate complying with the provisions of Sections 9.6, 14.3
            and 14.4 hereof. 

           

          
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          ARTICLE X

           

          

          GUARANTEE

           

          SECTION 10.1.    Guarantee.  Subject to the
            provisions of this Article X, each Guarantor that executes this Indenture or a supplemental indenture hereto will fully, unconditionally and irrevocably guarantee, as primary obligor and not merely as surety, jointly and severally with
            each other Guarantor, to each Holder, the Trustee and the Collateral Agent the full and punctual payment when due, whether at maturity, by acceleration, by redemption or otherwise, of the principal of, premium, if any, and interest on the Notes
            and all other obligations and liabilities of the Issuer under this Indenture (including without limitation interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like
            proceeding, relating to the Issuer or any Guarantor whether or not a claim for post‐filing or post‐petition interest is allowed in such proceeding and the obligations under Section 7.7 and Section 12.7(z)), (all the foregoing
            being hereinafter collectively called the “Guaranteed Obligations”).  Each Guarantor agrees that the Guaranteed Obligations will rank equally in right of payment with other Indebtedness of such Guarantor, except to the extent such other
            Indebtedness is subordinate to the Guaranteed Obligations, in which case the obligations of the Guarantors under the Note Guarantees will rank senior in right of payment to such other Indebtedness. 

           

          To evidence its Note Guarantee set forth in this Section 10.1, each Guarantor hereby agrees that this Indenture shall be executed on behalf of such Guarantor by an Officer of such Guarantor.

           

          Each Guarantor hereby agrees that its Note Guarantee set forth in this Section 10.1 shall remain in full force and effect notwithstanding the absence of the endorsement of any notation of such Guarantee on
            the Notes.

           

          If an Officer whose signature is on this Indenture no longer holds that office at the time the Trustee authenticates the Note, the Note Guarantee shall be valid nevertheless.

           

          Each Guarantor further agrees (to the extent permitted by law) that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice or further assent from it, and that it will remain
            bound under this Article X notwithstanding any extension or renewal of any Guaranteed Obligation.

           

          Each Guarantor waives presentation to, demand of payment from and protest to the Issuer of any of the Guaranteed Obligations and also waives notice of protest for nonpayment.  Each Guarantor waives notice of any
            default under the Notes or the Guaranteed Obligations.

           

          Each Guarantor further agrees that its Note Guarantee herein constitutes a Guarantee of payment when due (and not a Guarantee of collection) and waives any right to require that any resort be had by any Holder to
            any security held for payment of the Guaranteed Obligations.

           

          Except as set forth in Section 10.2, the obligations of each Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason (other than payment of the
            Guaranteed Obligations in full), including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense of setoff, counterclaim, recoupment or termination whatsoever or by reason of the invalidity,
            illegality or unenforceability of the Guaranteed Obligations or otherwise.  Without limiting the generality of the foregoing, the Guaranteed Obligations of each Guarantor herein shall not be discharged or impaired or otherwise affected by (a)
            the failure of any Holder to assert any claim or demand or to enforce any right or remedy against the Issuer or any other person under this Indenture, the Notes or any other agreement or otherwise; (b) any extension or renewal of any thereof;
            (c) any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture, the Notes or any other agreement; (d) the release of any security held by any Holder for the Guaranteed Obligations; (e) the failure of
            any Holder to exercise any right or remedy against any other Guarantor; (f) any change in the ownership of the Issuer; (g) any default, failure or delay, willful or otherwise, in the performance of the Guaranteed Obligations; or (h) any other
            act or thing or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the risk of any Guarantor or would otherwise operate as a discharge of such Guarantor as a matter of law or equity.

           

          Each Guarantor agrees that its Note Guarantee herein shall remain in full force and effect until payment in full of all the Guaranteed Obligations or such Guarantor is released from its Note Guarantee in compliance
            with Section 10.2, Article VIII or Article XI.  Each Guarantor further agrees that its Note Guarantee herein shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part
            thereof, of principal of, premium, if any, interest on any of the Guaranteed Obligations is rescinded or must otherwise be restored by any Holder upon the bankruptcy or reorganization of the Issuer or otherwise.

           

          
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          In furtherance of the foregoing and not in limitation of any other right which any Holder has at law or in equity against any Guarantor by virtue hereof, upon the failure of the Issuer to pay any of the Guaranteed
            Obligations when and as the same shall become due, whether at maturity, by acceleration, by redemption or otherwise, each Guarantor hereby promises to and will, upon receipt of written demand by the Trustee, forthwith pay, or cause to be paid,
            in cash, to the Holders or the Trustee on behalf of the Holders an amount equal to the sum of (i) the unpaid amount of such Guaranteed Obligations then due and owing and (ii) accrued and unpaid interest on such Guaranteed Obligations then due
            and owing (but only to the extent not prohibited by law) (including interest accruing after the filing of any petition in bankruptcy or the commencement of any insolvency, reorganization or like proceeding relating to the Issuer or any
            Guarantor whether or not a claim for post‐filing or post‐petition interest is allowed in such proceeding).

           

          Each Guarantor further agrees that, as between such Guarantor, on the one hand, and the Holders, on the other hand, (x) the maturity of the Guaranteed Obligations guaranteed hereby may be accelerated as provided in
            this Indenture for the purposes of its Note Guarantee herein, and (y) in the event of any such declaration of acceleration of such Guaranteed Obligations, such Guaranteed Obligations (whether or not due and payable) shall forthwith become due
            and payable by the Guarantor for the purposes of this Note Guarantee.

           

          Each Guarantor also agrees to pay any and all reasonable out-of-pocket fees, costs and expenses (including attorneys’ fees and expenses) incurred by the Trustee, the Collateral Agent or the Holders in enforcing any
            rights under this Section 10.1.

           

          SECTION 10.2.    Limitation on Liability; Termination, Release and Discharge. 

           

          (a)          Any term or provision of this Indenture to the contrary notwithstanding, the obligations of each Guarantor hereunder will be limited to the maximum amount as will, after giving effect to all other
            contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Note Guarantee or
            pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under its Note Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal, foreign, state or provincial law
            and not otherwise being void or voidable under any similar laws affecting the rights of creditors generally.

           

          (b)          Any Note Guarantee of a Guarantor shall be automatically and unconditionally released and discharged upon:

           

          (1)          a sale, exchange, transfer or other disposition (including by way of merger, amalgamation, consolidation, dividend distribution or otherwise) of the Capital Stock of such Guarantor
            (or, with respect to a Designated Entity that is a Guarantor, the implementation of the Staggered Emergence) after which such Guarantor is no longer a Restricted Subsidiary, or the sale, exchange, transfer or other disposition of all or
            substantially all of the assets of the Guarantor to a Person other than to the Issuer or a Restricted Subsidiary and as otherwise permitted by this Indenture;

           

          (2)          the designation in accordance with this Indenture of the Guarantor as an Unrestricted Subsidiary or the occurrence of any event after which the Guarantor is no longer a Restricted
            Subsidiary;

           

          (3)          defeasance or discharge of the Notes pursuant to Article VIII or Article XI;

           

          (4)          to the extent that such Guarantor is not an Immaterial Subsidiary solely due to the operation of clause (i) of the definition of “Immaterial Subsidiary,” upon the release of the
            guarantee referred to in such clause;

           

          
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          (5)          such Guarantor being (or being substantially concurrently) released or discharged from all of (i) its obligations under all of its Guarantees of payment by the Issuer of any
            Indebtedness of the Issuer with respect to each Credit Agreement then in effect or (ii) in the case of a Note Guarantee made by a Guarantor (each, an “Other Guarantee”) as a result of its guarantee of other Indebtedness of the Issuer or
            a Guarantor pursuant to Section 3.7 hereof, such Guarantor being (or being substantially concurrently) released or discharged from all of its obligations under the relevant Indebtedness, except in the case of (i) or (ii),
            a release as a result of the repayment in full of such Indebtedness (it being understood that a release subject to a contingent reinstatement is still considered a release, and if any such Guarantee of such Guarantor under any Credit Agreement
            or any such Other Guarantee is to be reinstated, such Note Guarantee shall also be reinstated);

           

          (6)          upon the merger, amalgamation or consolidation of any Guarantor with and into the Issuer or another Guarantor or upon the liquidation of such Guarantor, in
            each case, in compliance with the applicable provisions of this Indenture;

           

          (7)          at any time following the Conversion Date, upon the achievement of Investment Grade Status by the Notes, so long as no Event of Default shall have occurred and then be continuing
            with respect to the Notes; provided that such Note Guarantee shall be reinstated upon the Reversion Date;

           

          (8)          solely with respect to any Guarantor providing a DIP Note Guarantee that will not be required to provide an Exit Note Guarantee upon the occurrence of the Conversion Date, upon the
            occurrence of the Conversion Date; and

           

          (9)          as permitted under Section 9.1 or 9.2 or in accordance with the provisions of the DIP Security Documents or Exit Security Documents, as applicable.

           

          SECTION 10.3.    Right of Contribution. 
            Each Guarantor hereby agrees that to the extent that any Guarantor shall have paid more than its proportionate share of any payment made on the obligations under the Guarantees, such Guarantor shall be entitled to seek and receive contribution
            from and against the Issuer or any other Guarantor who has not paid its proportionate share of such payment.  The provisions of this Section 10.3 shall in no respect limit the obligations and liabilities of each Guarantor to the Trustee
            and the Holders and each Guarantor shall remain liable to the Trustee and the Holders for the full amount guaranteed by such Guarantor hereunder. 

           

          SECTION 10.4.    No Subrogation.  Notwithstanding any payment or
            payments made by each Guarantor hereunder, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee or any Holder against the Issuer or any other Guarantor or any collateral security or guarantee or right of offset
            held by the Trustee or any Holder for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuer or any other Guarantor in respect of payments made by such
            Guarantor hereunder, until all amounts owing to the Trustee and the Holders by the Issuer on account of the Guaranteed Obligations are paid in full.  If any amount shall be paid to any Guarantor on account of such subrogation rights at any time
            when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee and the Holders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by
            such Guarantor, be turned over to the Trustee in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Trustee, if required), to be applied against the Guaranteed Obligations. 

           

          ARTICLE XI

           

          

          SATISFACTION AND DISCHARGE

           

          SECTION 11.1.    Satisfaction and Discharge.  This Indenture will be discharged and will cease to be of further effect as to all Notes issued hereunder, when: 

           

          
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          (a)          either:

           

          (1)          all Notes that have been authenticated and delivered, except lost, stolen or destroyed Notes that have been replaced or paid and Notes for whose payment money has theretofore been
            deposited in trust, have been delivered to the Trustee for cancellation; or

           

          (2)          all such Notes not theretofore delivered to the Trustee for cancellation (i) have become due and payable by reason of the making of a notice of
            redemption or otherwise or (ii) will become due and payable within one year at their Stated Maturity or (iii) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption
            by the Trustee, in the name, and at the expense of the Issuer;

           

          (b)          the Issuer has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders, cash in Dollars, U.S. Government Obligations, or a
            combination thereof, in such amounts as will be sufficient, without consideration of any reinvestment of interest, to pay and discharge the entire indebtedness on such Notes not previously delivered to the Trustee for cancellation, for
            principal, premium, if any, and interest to the date of deposit (in the case of Notes that have become due and payable), or to the Stated Maturity or Redemption Date, as the case may be; provided that
            upon any redemption that requires the payment of the Applicable Premium, the amount deposited shall be sufficient for purposes of this Indenture to the extent that an amount is deposited with the Trustee equal to the Applicable Premium
            calculated as of the date of the notice of redemption, as calculated by the Issuer or on behalf of the Issuer by such Person as the Issuer shall designate, with any Applicable Premium Deficit only required to be deposited with the Trustee on or
            prior to the date of redemption, and any Applicable Premium Deficit shall be set forth in an Officer’s Certificate delivered to the Trustee at least two (2) Business Days prior to the Redemption Date that confirms that such Applicable Premium
            Deficit shall be applied toward such redemption;

           

          (c)          no Default or Event of Default (other than that resulting from borrowing funds to be applied to make such deposit and the granting of Liens in connection therewith) with respect to this Indenture or
            the Notes issued hereunder shall have occurred and be continuing on the date of such deposit or shall occur as a result of such deposit and such deposit will not result in a breach or violation of, or constitute a default under the Credit
            Facilities or any other material agreement or instrument (other than this Indenture) to which the Issuer or any Guarantor is a party or by which the Issuer or any Guarantor is bound;

           

          (d)          the Issuer has paid or caused to be paid all sums payable by the Issuer under this Indenture; and

           

          (e)          the Issuer has delivered irrevocable instructions to the Trustee to apply the deposited money in Dollars toward the payment of such Notes issued hereunder at maturity or the Redemption Date, as the
            case may be.

           

          In addition, the Issuer shall deliver an Officer’s Certificate and an Opinion of Counsel to the Trustee stating that all conditions precedent to satisfaction and discharge have been satisfied.

           

          Notwithstanding the satisfaction and discharge of this Indenture, the Issuer’s obligations to the Trustee and Collateral Agent in Section 7.7 and Section 12.7(z) hereof and, if money in Dollars has
            been deposited with the Trustee pursuant to clause (a)(2) of this Section 11.1, the provisions of Sections 11.2 and 8.6 hereof will survive.

           

          SECTION 11.2.    Application of Trust Money. 

            Subject to the provisions of Section 8.6 hereof, all money in Dollars or U.S. Government Obligations deposited with the Trustee pursuant to Section 11.1 hereof shall be held in trust and applied by it, in accordance with the
            provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and
            premium) and interest for whose payment such money in Dollars or U.S. Government Obligations has been deposited with the Trustee; but such money in Dollars or U.S. Government Obligations need not be segregated from other funds except to the
            extent required by law. 

           

          
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          If the Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations in accordance with Section 11.1 hereof by reason of any legal proceeding or by reason of any order or judgment of
            any court or Governmental Authority enjoining, restraining or otherwise prohibiting such application, the Issuer’s and any Guarantor’s obligations under this Indenture and the Notes shall be revived and reinstated as though no deposit had
            occurred pursuant to Section 11.1 hereof; provided that if the Issuer has made any payment of principal of, premium or interest on, any Notes because of the reinstatement of its obligations,
            the Issuer shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money or U.S. Government Obligations held by the Trustee or Paying Agent.

           

          ARTICLE XII

           

          COLLATERAL

           

          SECTION 12.1.    Security Documents. 

           

          (a)          The due and punctual payment of the principal of, premium and interest on the Notes when and as the same shall be due and payable, whether on an interest payment date, at maturity, by acceleration,
            repurchase, redemption or otherwise, and interest on the overdue principal of, premium and interest on the Notes and performance of all other Obligations of the Issuer and the Guarantors to the Holders, the Trustee or the Collateral Agent under
            this Indenture, the Notes, the Note Guarantees, and the Security Documents, according to the terms hereunder or thereunder, shall be secured as provided in the Security Documents. The Trustee, the Issuer and the Guarantors hereby acknowledge
            and agree that the Collateral Agent holds the Collateral in trust for the benefit of the Holders, the Trustee and the Collateral Agent and pursuant to the terms of the Security Documents. Each Holder, by accepting a Note, consents and agrees to
            the terms of the Security Documents (including the provisions providing for the possession, use, release and foreclosure of Collateral), each as may be in effect or may be amended from time to time in accordance with their terms and this
            Indenture, and authorizes and directs the Trustee and Collateral Agent, if applicable to enter into the DIP Security Documents, and the Exit Security Documents and the Junior Intercreditor Agreement, if any, at any time, if applicable, and to
            perform its obligations and exercise its rights thereunder in accordance therewith. Each Holder, by acceptance of the Notes, shall be deemed to (i) have authorized and instructed the Collateral Agent to, without any further consent of any
            Holder, enter into (or acknowledge and consent to) or, subject to Article IX, amend, renew, extend, supplement, restate, replace, waive or otherwise modify any Security Document or any other intercreditor agreement, (ii) have
            irrevocably agreed that (x) the Collateral Agent may rely exclusively on a certificate of a responsible officer of the Issuer as to whether any such other Liens are not prohibited and (y) any Security Document or other intercreditor agreement
            entered into by the Collateral Agent in accordance with the terms of this Indenture shall be binding on such Holder and such Holder will take no actions contrary to the provisions of, if entered into and if applicable, any Security Document or
            intercreditor agreement and (iii) have irrevocably agreed that it will not challenge, question or contest or support any other person in challenging, questioning or contesting, in any proceeding (including any insolvency or liquidation
            proceeding), (x) the perfection, priority, validity, attachment or enforceability of any Lien held by or on behalf of any other holder of First Lien Obligations in all or any part of the Collateral or (y) the validity or enforceability of any
            First Lien Obligations of any series or any Security Document. The Issuer shall deliver to the Trustee and the Collateral Agent copies of all documents required to be filed pursuant to the Security Documents, and will do or cause to be done all
            such acts and things as may be reasonably required by the next sentence of this Section 12.1, to assure and confirm to the Collateral Agent the security interest in the Collateral contemplated hereby, by the Security Documents or any
            part thereof, as from time to time constituted, so as to render the same available for the security and benefit of this Indenture and of the Notes secured hereby, according to the intent and purposes herein expressed. On or following the Issue
            Date but prior to the Conversion Date, and subject to the Final DIP Order, without limiting the effect of the Final DIP Order to cause the automatic perfection of the security interests of the Notes Secured Parties against the Issuer and the
            Grantor to the extent such security interests may be perfected by the entry of the Final DIP Order, the Issuer and the Grantor shall execute any and all further documents, financing statements (including continuation statements and amendments
            to financing statements), agreements and instruments, and take all further action that may be required under the Notes Documents or applicable law in order to grant, preserve, maintain, protect and perfect (or continue the perfection of) the
            validity and priority of the security interests created or intended to be created by the DIP Security Documents in the DIP Collateral and cause the Collateral Requirement to be and remain satisfied, provided
            that for so long as there are outstanding any Senior Secured Credit Facility Obligations, no actions shall be required to be taken with respect to the perfection of security interests in the DIP Security Documents in the DIP Collateral to the
            extent not required to be taken with respect to the Applicable Credit Agreement. On or following the Conversion Date, the Issuer and the Grantor (and if the Staggered Emergence is undertaken, with respect to any Designated Entity that is an
            Other Obligor before the Conversion Date, on or promptly following the date such Designated Entity becomes a Restricted Subsidiary of the Issuer after the Conversion Date, such Designated Entity) shall execute any and all further documents,
            financing statements (including continuation statements and amendments to financing statements), agreements and instruments, and take all further action that may be required under the Notes Documents or applicable law in order to grant,
            preserve, maintain, protect and perfect (or continue the perfection of) the validity and priority of the security interests created or intended to be created by the Exit Security Documents in the Exit Collateral and cause the Collateral
            Requirement to be and remain satisfied, provided that for so long as there are outstanding any Senior Secured Credit Facility Obligations, no actions shall be required to be taken with respect to the
            perfection of security interests in the Exit Security Documents in the Exit Collateral to the extent not required to be taken with respect to the Applicable Credit Agreement.

           

          

          
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          SECTION 12.2.    Release of Collateral. 

           

          (a)          Collateral may be released from the Lien and security interest created by the Security Documents at any time and from time to time in accordance with the provisions of the Security Documents and this
            Indenture. Notwithstanding anything to the contrary in the Security Documents and this Indenture, the super-priority Liens on the DIP Collateral and the first priority Liens on the Exit Collateral, as applicable, will be automatically released
            with respect to the Notes and the First Lien Notes Obligations under any one or more of the following circumstances:

           

          (1)          to enable any Specified Collateral Party to consummate the sale, transfer or other disposition (including by the termination of capital leases or the repossession of the leased
            property in a capital lease by the lessor) of such property or assets (to a Person that is not the Issuer or a Subsidiary of the Issuer) to the extent permitted by Section 3.5 or in connection with the Staggered Emergence;

           

          (2)          in the case of a Specified Collateral Party that is released from its pledge of Collateral with respect to the Notes pursuant to the terms of this Indenture, the release of the
            property and assets of such Guarantor;

           

          (3)          upon the occurrence of an Investment Grade Event;

           

          (4)          the release of Collateral Excess Proceeds or Excess Proceeds that remain unexpended after the conclusion of an Asset Disposition Offer or a Collateral Asset Disposition Offer
            conducted in accordance with this Indenture;

           

          (5)          as described under Article IX hereof;

           

          (6)          if the property subject to such Lien becomes Excluded Asset;

           

          (7)          to release or subordinate any Lien on any property granted to or held by the Collateral Agent under any Security Document to the holder of any Lien on such property that is a
            Permitted Lien under clauses (9) or (12) (in the case of clause (12), upon the reasonable request of the Issuer, to the extent required by the terms of the agreements governing such Permitted Lien) of the definition thereof;

           

          (8)          if any Specified Collateral Party ceases to be a Restricted Subsidiary, or becomes excluded from the Collateral, in each case as a result of a transaction not prohibited hereunder or
            designation permitted hereunder; or

           

          
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          (9)          solely with respect to any DIP Collateral that does not constitute Exit Collateral, the occurrence of the Conversion Date.

           

          (b)          Notwithstanding anything to the contrary in the Security Documents and this Indenture, the Liens on the Collateral securing the Notes and the Notes Guarantees also will be automatically released:

           

          (1)          upon payment in full of the principal of, together with accrued and unpaid interest on, the Notes and all other Obligations under this Indenture, the Notes Guarantees and the
            Security Documents that are due and payable at or prior to the time such principal, together with accrued and unpaid interest, are paid;

           

          (2)          upon a Legal Defeasance or Covenant Defeasance under this Indenture as described under Section 8.2 and Section 8.3 hereof, or a discharge of this Indenture as
            described under Section 11.1 hereof;

           

          (3)          pursuant to the Security Documents; or

           

          (4)          subject to Section 9.2, if the release of such Lien is approved, authorized or ratified in writing by Holders of at least a majority in principal amount of the Notes
            outstanding at such time.

           

          (c)          Notwithstanding anything contained herein to the contrary, upon request by the Collateral Agent at any time, the Holders shall confirm in writing the Collateral Agent’s irrevocable authority to release
            or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Guarantee, in each case in accordance with the terms of this Indenture and applicable Security Document; provided that the absence of such confirmation shall not affect in any way the validity of the automatic releases of security interest or Guarantee contemplated by this Indenture or the Collateral Agent
            obligations to comply with the provisions of the immediately following sentence. The Collateral Agent shall, at the Issuer’s expense and upon receipt of an Officer’s Certificate and Opinion of Counsel, execute and deliver to the Issuer or the
            applicable Grantor such documents and such amendments, modifications or supplements to any Security Documents, in each case as the Issuer or such Guarantor may reasonably request to evidence the release of such item of Collateral from the
            assignment and security interest granted under the Security Documents or to subordinate its interest in such item, or to evidence the release of such Grantor from its obligations under the Guarantee, in each case in accordance with the terms of
            this Indenture and applicable Security Document.

           

          (d)          Notwithstanding Section 12.2(a)(3), if, after any Investment Grade Event, both of the Rating Agencies withdraw their Investment Grade Rating or downgrade the rating assigned to the Notes below
            an Investment Grade Rating, the Issuer and the Grantors shall use commercially reasonable efforts to take all actions reasonably necessary to provide to the Collateral Agent for its benefit and the benefit of the Trustee and the Holders of the
            Notes valid, perfected, first priority security interests (subject to Permitted Liens) in the Collateral within ninety (90) days after such Reversion Date or as soon as reasonably practicable thereafter.

           

          (e)          With respect to any release of Collateral, upon receipt of an Officer’s Certificate stating that all conditions precedent under this Indenture and the Security Documents, as applicable, to such release
            have been met, the Trustee (if applicable) and the Collateral Agent shall, execute, deliver or acknowledge (at the Issuer’s expense) any instruments or releases to evidence the release of any Collateral permitted to be released pursuant to this
            Indenture or the Security Documents and shall do or cause to be done (at the Issuer’s expense) all acts reasonably requested of them to release such Lien as soon as is reasonably practicable. Neither the Trustee nor the Collateral Agent shall
            be liable for any such release undertaken in reliance upon any such Officer’s Certificate, and notwithstanding any term hereof or in any Security Document to the contrary, the Trustee and the Collateral Agent shall not be under any obligation
            to release any such Lien and security interest, or execute and deliver any such instrument of release, satisfaction or termination, unless and until it receives such Officer’s Certificate, upon which it shall be entitled to conclusively rely.

           

          SECTION 12.3.    Suits to Protect the Collateral. 

           

          
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          Subject to the provisions of Article VII and the Security Documents, the Trustee may or may direct the Collateral Agent to take all actions it determines in order to:

           

          	

                	(a)	
                  enforce any of the terms of the Security Documents; and

                

           

          	

                	(b)	
                  collect and receive any and all amounts payable in respect of the Obligations hereunder.

                

           

          Subject to the provisions of the Security Documents, the Trustee and the Collateral Agent shall have the power to institute and to maintain such suits and proceedings as the Trustee or the Collateral Agent may
            determine to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Documents or this Indenture, and such suits and proceedings as the Trustee or the Collateral Agent may determine to
            preserve or protect its interests and the interests of the Holders in the Collateral. Nothing in this Section 12.3 shall be considered to impose any such duty or obligation to act on the part of the Trustee or the Collateral Agent.

           

          SECTION 12.4.    Authorization of Receipt of Funds by the Trustee Under the Security Documents. 

           

          Subject to the provisions of the DIP Security Documents or the Exit Security Documents, as applicable, the Trustee is authorized to receive any funds for the benefit of the Holders distributed under the Security
            Documents, and to make further distributions of such funds to the Holders according to the provisions of this Indenture.

           

          SECTION 12.5.    Purchaser Protected. 

           

          In no event shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Collateral Agent or the Trustee to execute the applicable release or to
            inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor shall any purchaser or
            other transferee of any property or rights permitted by this Article XII to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or the applicable Guarantor to make any such sale or other transfer.

           

          SECTION 12.6.    Powers Exercisable by Receiver or Trustee. 

           

          In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article XII upon the Issuer or a Guarantor with respect to the release, sale or
            other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Issuer or a Guarantor or of any Officer or
            Officers thereof required by the provisions of this Article XII; and if the Trustee or the Collateral Agent shall be in the possession of the Collateral under any provision of this Indenture, then such powers may be exercised by the
            Trustee or the Collateral Agent.

           

          SECTION 12.7.    Collateral Agent. 

           

          (a)          Each Issuer and each of the Holders by acceptance of the Notes hereby designates and appoints the Collateral Agent as its agent under this Indenture and the
            Security Documents, and the Issuer and each of the Holders by acceptance of the Notes hereby irrevocably authorizes the Collateral Agent to take such action on its behalf under the provisions of this Indenture and the Security Documents, and to
            exercise such powers and perform such duties as are expressly delegated to the Collateral Agent by the terms of this Indenture and the Security Documents, and consents and agrees to the terms of each Security Document, as the same may be in
            effect or may be amended, restated, supplemented or otherwise modified from time to time in accordance with their respective terms. In addition, by acceptance of the Notes, each Holder will be deemed to have, (1) irrevocably appointed JPMorgan
            Chase Bank, N.A., as Collateral Agent to act as its collateral agent under the DIP Security Documents and Exit Security Documents, as applicable, and any other relevant documents to which the Collateral Agent is a party, and (2) irrevocably
            authorized the Collateral Agent to (i) perform the duties and exercise the rights, powers, and discretions that are specifically given to it under the DIP Security Documents and the Exit Security Documents, as applicable, or other documents to
            which the Collateral Agent is a party, together with any other incidental rights, power and discretions and (ii) execute each document expressed to be executed by Collateral Agent on its behalf. The Collateral Agent agrees to act as such on the
            express conditions contained in this Section 12.7. Each Holder agrees that any action taken by the Collateral Agent in accordance with the provisions of this Indenture and the Security Documents, and the exercise by the Collateral Agent
            of any rights or remedies set forth herein and therein shall be authorized and binding upon all Holders. Notwithstanding any provision to the contrary contained elsewhere in this Indenture and the Security Documents, the duties of the
            Collateral Agent shall be ministerial and administrative in nature, and the Collateral Agent shall not have any duties or responsibilities, except those expressly set forth herein and in the Security Documents to which the Collateral Agent is a
            party, nor shall the Collateral Agent have or be deemed to have any trust or other fiduciary relationship with the Trustee, any Holder or any Grantor, and no implied covenants, functions, responsibilities, duties, obligations or liabilities
            shall be read into this Indenture, the Security Documents or otherwise exist against the Collateral Agent. Without limiting the generality of the foregoing sentence, the use of the term “agent” in this Indenture with reference to the Collateral
            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 merely as a matter of market custom, and is intended to create or reflect
            only an administrative relationship between independent contracting parties.

           

          
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          (b)          The Collateral Agent may perform any of its duties under this Indenture or the Security Documents by or through receivers, agents, employees,
            attorneys-in-fact or with respect to any specified Person, such Person’s Affiliates, and the respective officers, directors, employees, agents, advisors and attorneys-in-fact of such Person and its Affiliates (a “Related Person”), and
            shall be entitled to advice of counsel concerning all matters pertaining to such duties, and shall be entitled to act upon, and shall be fully protected in taking action in reliance upon any advice or opinion given by legal counsel. The
            Collateral Agent shall not be responsible for the negligence or misconduct of any receiver, agent, employee, attorney-in-fact or Related Person that it selects as long as such selection was made in good faith and with due care.

           

          (c)          The Collateral Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, resolution, notice, consent, certificate,
            affidavit, letter, telegram, facsimile, certification, telephone message, statement, or other communication, document or conversation (including those by telephone or e-mail) believed by it to be genuine and correct and to have been signed,
            sent, or made by the proper Person or Persons, and upon advice and statements of legal counsel (including, without limitation, counsel to the Issuer or any other Grantor), independent accountants and other experts and advisors selected by the
            Collateral Agent. The Collateral Agent shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond,
            debenture, or other paper or document. The Collateral Agent shall be fully justified in failing or refusing to take any action under this Indenture or the Security Documents, unless it shall first receive such advice or concurrence of the
            Trustee or the Holders of a majority in aggregate principal amount of the Notes as it determines and, if it so requests, it shall first be indemnified to its satisfaction by the Holders against any and all liability and expense which may be
            incurred by it by reason of taking or continuing to take any such action. The Collateral Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Indenture or the Security Documents, in accordance with a
            request, direction, instruction or consent of the Trustee or the Holders of a majority in aggregate principal amount of the then outstanding Notes and such request and any action taken or failure to act pursuant thereto shall be binding upon
            all of the Holders.

           

          (d)          [Reserved].

           

          (e)          The Collateral Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default, unless a Trust Officer of the
            Collateral Agent shall have received written notice from the Trustee or the Issuer referring to this Indenture, describing such Default or Event of Default and stating that such notice is a “notice of default.” The Collateral Agent shall take
            such action with respect to such Default or Event of Default as may be requested by the Trustee in accordance with Article VI or the Holders of a majority in aggregate principal amount of the Notes (subject to this Section 12.7).

           

          
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          (f)          The Collateral Agent may resign at any time by 30 days’ written notice to the Trustee and the Issuer, such resignation to be effective upon the acceptance
            of a successor agent to its appointment as Collateral Agent. If the Collateral Agent resigns under this Indenture, the Issuer shall appoint a successor collateral agent. If no successor collateral agent is appointed prior to the intended
            effective date of the resignation of the Collateral Agent (as stated in the notice of resignation), the Trustee, at the direction of the Holders of a majority of the aggregate principal amount of the Notes then outstanding, may appoint a
            successor collateral agent, subject to the consent of the Issuer (which consent shall not be unreasonably withheld and which shall not be required during a continuing Event of Default). If no successor collateral agent is appointed and
            consented to by the Issuer pursuant to the preceding sentence within thirty (30) days after the intended effective date of resignation (as stated in the notice of resignation) the Collateral Agent shall be entitled to petition a court of
            competent jurisdiction to appoint a successor. Upon the acceptance of its appointment as successor collateral agent hereunder, such successor collateral agent shall succeed to all the rights, powers and duties of the retiring Collateral Agent,
            and the term “Collateral Agent” shall mean such successor collateral agent, and the retiring Collateral Agent’s appointment, powers and duties as the Collateral Agent shall be terminated. After the retiring Collateral Agent’s resignation
            hereunder, the provisions of this Section 12.7 (and Section 7.7 hereof) shall continue to inure to its benefit and the retiring Collateral Agent shall not by reason of such resignation be deemed to be released from liability as
            to any actions taken or omitted to be taken by it while it was the Collateral Agent under this Indenture.

           

          (g)          JPMorgan Chase Bank N.A. shall initially act as Collateral Agent and shall be authorized to appoint co-Collateral Agents as necessary in its sole
            discretion. Except as otherwise explicitly provided herein or in the Security Documents, neither the Collateral Agent nor any of its respective officers, directors, employees or agents or other Related Persons shall be liable for failure to
            demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of any other Person or to take any other action whatsoever with
            regard to the Collateral or any part thereof. The Collateral Agent shall be accountable only for amounts that it actually receives as a result of the exercise of such powers, and neither the Collateral Agent nor any of its officers, directors,
            employees or agents shall be responsible for any act or failure to act hereunder, except for its own gross negligence or willful misconduct.

           

          (h)          Each of the Trustee and the Collateral Agent is authorized and directed to (i) enter into the Security Documents to which it is party, whether executed on
            or after the Issue Date, (ii) enter into the Junior Intercreditor Agreement, if any, substantially concurrently with the Conversion Date, (iii) make the representations of the Holders set forth in the Security Documents, (iv) bind the Holders
            on the terms as set forth in the Security Documents, and (v) perform and observe its obligations under the Security Documents.

           

          (i)          If at any time or times the Trustee shall receive (i) by payment, foreclosure, set-off or otherwise, any proceeds of Collateral or any payments with respect
            to the Obligations arising under, or relating to, this Indenture, except for any such proceeds or payments received by the Trustee from the Collateral Agent pursuant to the terms of this Indenture, or (ii) payments from the Collateral Agent in
            excess of the amount required to be paid to the Trustee pursuant to Article VI, the Trustee shall promptly turn the same over to the Collateral Agent, in kind, and with such endorsements as may be required to negotiate the same to the
            Collateral Agent such proceeds to be applied by the Collateral Agent pursuant to the terms of this Indenture and the Security Documents.

           

          (j)          The Collateral Agent is each Holder’s agent for the purpose of perfecting the Holders’ security interest in assets which, in accordance with Article 9 of
            the Uniform Commercial Code, can be perfected only by possession. Should the Trustee obtain possession of any such Collateral, upon request from the Issuer, the Trustee shall notify the Collateral Agent thereof and promptly shall deliver such
            Collateral to the Collateral Agent or otherwise deal with such Collateral in accordance with the Collateral Agent’s instructions.

           

          (k)          The Collateral Agent shall have no obligation whatsoever to the Trustee or any of the Holders to assure that the Collateral exists or is owned by any
            Grantor or is cared for, protected, or insured or has been encumbered, or that the Collateral Agent’s Liens have been properly or sufficiently or lawfully created, perfected, protected, maintained or enforced or are entitled to any particular
            priority, or to determine whether all or the Grantor’s property constituting Collateral intended to be subject to the Lien and security interest of the Security Documents has been properly and completely listed or delivered, as the case may be,
            or the genuineness, validity, marketability or sufficiency thereof or title thereto, or to exercise at all or in any particular manner or under any duty of care, disclosure, or fidelity, or to continue exercising, any of the rights,
            authorities, and powers granted or available to the Collateral Agent pursuant to this Indenture or any Security Document, other than pursuant to the instructions of the Holders of a majority in aggregate principal amount of the Notes or as
            otherwise provided in the Security Documents.

           

          
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          (l)          If the Issuer or any Guarantor (i) incurs any obligations in respect of First Lien Obligations or Junior Lien Obligations at any time when no applicable
            intercreditor agreement is in effect or at any time when Indebtedness constituting First Lien Obligations or Junior Lien Obligations entitled to the benefit of an existing intercreditor agreement is concurrently retired, and (ii) delivers to
            the Trustee and the Collateral Agent an Officer’s Certificate so stating and requesting the Trustee and Collateral Agent, if applicable, to enter into an intercreditor agreement (on substantially the same terms as the applicable intercreditor
            agreement) in favor of a designated agent or representative for the holders of the First Lien Obligations or Junior Lien Obligations so incurred, together with an Opinion of Counsel, the Collateral Agent and Trustee, if applicable, shall (and
            is hereby authorized and directed to) enter into such intercreditor agreement (at the sole expense and cost of the Issuer, including legal fees and expenses of the Trustee and Collateral Agent), bind the Holders on the terms set forth therein
            and perform and observe its obligations thereunder.

           

          (m)          No provision of this Indenture or any Security Document shall require the Collateral Agent (or the Trustee) to expend or risk its own funds or otherwise
            incur any financial liability in the performance of any of its duties hereunder or thereunder or to take or omit to take any action hereunder or thereunder or take any action at the request or direction of Holders (or the Trustee in the case of
            the Collateral Agent) unless it shall have received indemnity satisfactory to the Collateral Agent and the Trustee against potential costs and liabilities incurred by the Collateral Agent relating thereto. Notwithstanding anything to the
            contrary contained in this Indenture, the Junior Intercreditor Agreement, if any, or the Security Documents, in the event the Collateral Agent is entitled or required to commence an action to foreclose or otherwise exercise its remedies to
            acquire control or possession of the Collateral, the Collateral Agent shall not be required to commence any such action or exercise any remedy or to inspect or conduct any studies of any property under the mortgages or take any such other
            action if the Collateral Agent has determined that the Collateral Agent may incur personal liability as a result of the presence at, or release on or from, the Collateral or such property, of any hazardous substances. The Collateral Agent shall
            at any time be entitled to cease taking any action described in this clause (m) if it no longer reasonably deems any indemnity, security or undertaking from the Issuer or the Holders to be sufficient.

           

          (n)          The Collateral Agent (i) shall not be liable for any action taken or omitted to be taken by it in connection with this Indenture and the Security Documents
            or instrument referred to herein or therein, except to the extent that any of the foregoing are found by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from its own gross negligence or willful misconduct,
            (ii) shall not be liable for interest on any money received by it except as the Collateral Agent may agree in writing with the Issuer (and money held in trust by the Collateral Agent need not be segregated from other funds except to the extent
            required by law) and (iii) may consult with counsel of its selection and the advice or opinion of such counsel as to matters of law shall be full and complete authorization and protection from liability in respect of any action taken, omitted
            or suffered by it in good faith and in accordance with the advice or opinion of such counsel. The grant of permissive rights or powers to the Collateral Agent shall not be construed to impose duties to act.

           

          (o)          Neither the Collateral Agent nor the Trustee shall be liable for delays or failures in performance resulting from acts beyond its control. Such acts shall
            include but not be limited to acts of God, strikes, lockouts, riots, acts of war, epidemics, governmental regulations superimposed after the fact, fire, communication line failures, computer viruses, power failures, earthquakes or other
            disasters. Neither the Collateral Agent nor the Trustee shall be liable for any indirect, special, punitive, incidental or consequential damages (included but not limited to lost profits) whatsoever, even if it has been informed of the
            likelihood thereof and regardless of the form of action.

           

          
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          (p)          The Collateral Agent does not assume any responsibility for any failure or delay in performance or any breach by the Issuer or any other Grantor under this
            Indenture and the Security Documents. The Collateral Agent shall not be responsible to the Holders or any other Person for any recitals, statements, information, representations or warranties contained in this Indenture, the Security Documents
            or in any certificate, report, statement, or other document referred to or provided for in, or received by the Collateral Agent under or in connection with, this Indenture or any Security Document; the execution, validity, genuineness,
            effectiveness or enforceability of any Security Documents of any other party thereto; the genuineness, enforceability, collectability, value, sufficiency, location or existence of any Collateral, or the validity, effectiveness, enforceability,
            sufficiency, extent, perfection or priority of any Lien therein; the validity, enforceability or collectability of any Obligations; the assets, liabilities, financial condition, results of operations, business, creditworthiness or legal status
            of any obligor; or for any failure of any obligor to perform its Obligations under this Indenture the Security Documents. The Collateral Agent shall have no obligation to any Holder or any other Person to ascertain or inquire into the existence
            of any Default or Event of Default, the observance or performance by any obligor of any terms of this Indenture and the Security Documents, or the satisfaction of any conditions precedent contained in this Indenture and any Security Documents.
            The Collateral Agent shall not be required to initiate or conduct any litigation or collection or other proceeding under this Indenture and the Security Documents unless expressly set forth hereunder or thereunder. The Collateral Agent shall
            have the right at any time to seek instructions from the Holders with respect to the administration of this Indenture and the Security Documents.

           

          (q)          The parties hereto and the Holders hereby agree and acknowledge that neither the Collateral Agent nor the Trustee shall assume, be responsible for or
            otherwise be obligated for any liabilities, claims, causes of action, suits, losses, allegations, requests, demands, penalties, fines, settlements, damages (including foreseeable and unforeseeable), judgments, expenses and costs (including but
            not limited to, any remediation, corrective action, response, removal or remedial action, or investigation, operations and maintenance or monitoring costs, for personal injury or property damages, real or personal) of any kind whatsoever,
            pursuant to any environmental law as a result of this Indenture, the Security Documents or any actions taken pursuant hereto or thereto. Further, the parties hereto and the Holders hereby agree and acknowledge that in the exercise of its rights
            under this Indenture and the Security Documents, the Collateral Agent may hold or obtain indicia of ownership primarily to protect the security interest of the Collateral Agent in the Collateral and that any such actions taken by the Collateral
            Agent shall not be construed as or otherwise constitute any participation in the management of such Collateral. In the event that the Collateral Agent or the Trustee is required to acquire title to an asset for any reason, or take any
            managerial action of any kind in regard thereto, in order to carry out any fiduciary or trust obligation for the benefit of another, which in either of the Collateral Agent or the Trustee’s sole discretion may cause the Collateral Agent or the
            Trustee, as applicable, to be considered an “owner or operator” under the provisions of the Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”), 42 U.S.C. §9601, et seq., or otherwise cause the Collateral
            Agent or the Trustee to incur liability under CERCLA or any other federal, state or local law, each of the Collateral Agent and the Trustee reserves the right, instead of taking such action, to either resign as the Collateral Agent or the
            Trustee or arrange for the transfer of the title or control of the asset to a court-appointed receiver. Neither the Collateral Agent nor the Trustee shall be liable to the Issuer, the Guarantors or any other Person for any environmental claims
            or contribution actions under any federal, state or local law, rule or regulation by reason of either of the Collateral Agent’s or the Trustee’s actions and conduct as authorized, empowered and directed hereunder or relating to the discharge,
            release or threatened release of hazardous materials into the environment. If at any time it is necessary or advisable for property to be possessed, owned, operated or managed by any Person (including the Collateral Agent or the Trustee) other
            than the Issuer or the Guarantors, Holders of a majority in aggregate principal amount of the then outstanding Notes shall direct the Collateral Agent or the Trustee to appoint an appropriately qualified Person (excluding the Collateral Agent
            or the Trustee) who they shall designate to possess, own, operate or manage, as the case may be, the property.

           

          (r)          Upon the receipt by the Trustee or the Collateral Agent of a written request of the Issuer signed by an Officer (a “Security
              Document Order”), each of the Trustee and the Collateral Agent is hereby authorized to execute and enter into, and shall execute and enter into, without the further consent of any Holder, the Collateral Agent or the Trustee, as
            applicable, any Security Document or amendment or supplement thereto to be executed after the Issue Date; provided that the Trustee or the Collateral Agent shall not be required to execute or enter into any such Security Document which, in the
            Trustee or the Collateral Agent’s reasonable opinion is reasonably likely to adversely affect the rights, duties, liabilities or immunities of the Trustee or the Collateral Agent, or that the Trustee or the Collateral Agent determines is
            reasonably likely to involve the Trustee or Collateral Agent in personal liability. Such Security Document Order shall (i) state that it is being delivered to the Trustee or Collateral Agent pursuant to, and is a Security Document Order
            referred to in, this Section 12.7(r), and (ii) instruct the Trustee or Collateral Agent to execute and enter into such Security Document. Other than as set forth in this Indenture, any such execution of a Security Document shall be at
            the direction and expense of the Issuer, upon delivery to the Trustee or Collateral Agent of an Officer’s Certificate and Opinion of Counsel stating that all conditions precedent to the execution and delivery of the Security Document have been
            satisfied. The Holders, by their acceptance of the Notes, hereby authorize and direct the Trustee or the Collateral Agent to execute such Security Documents (subject to the first sentence of this Section 12.7(r)).

           

          
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          (s)          Subject to the provisions of the applicable Security Documents, each Holder, by acceptance of the Notes, agrees that the Collateral
            Agent shall execute and deliver the Junior Intercreditor Agreement, if any, and the Security Documents to which it is a party and all agreements, documents and instruments incidental thereto, and act in accordance with the terms thereof. For
            the avoidance of doubt, the Collateral Agent shall have no discretion under this Indenture, the Junior Intercreditor Agreement, if any, or the Security Documents and shall not be required to make or give any determination, consent, approval,
            request or direction without the written direction of the Holders of a majority in aggregate principal amount of the then outstanding Notes or the Trustee, as applicable. Each Holder, by acceptance of the Notes, authorizes and directs the
            Trustee to execute and deliver the Security Documents, in its capacity as an authorized representative, and all agreements, documents and instruments incidental thereto, and act in accordance with the terms thereof.

           

          (t)           After the occurrence and continuance of an Event of Default, the Trustee, acting at the direction of the Holders of a majority of the aggregate principal
            amount of the Notes then outstanding, may direct the Collateral Agent in connection with any action required or permitted by this Indenture or the Security Documents.

           

          (u)          The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Security Documents, and
            to the extent not prohibited under the Security Documents, for turnover to the Trustee to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 6.10 and the other
            provisions of this Indenture.

           

          (v)          In each case that the Collateral Agent may or is required hereunder or under any Security Document, to take any action (an “Action”), including
            without limitation to make any determination, to give consents, to exercise rights, powers or remedies, to release or sell Collateral or otherwise to act hereunder or under any Security Document, the Collateral Agent may seek direction from the
            Holders of a majority in aggregate principal amount of the then outstanding Notes. The Collateral Agent shall not be liable with respect to any Action taken or omitted to be taken by it in accordance with the direction from the Holders of a
            majority in aggregate principal amount of the then outstanding Notes. If the Collateral Agent shall request direction from the Holders of a majority in aggregate principal amount of the then outstanding Notes with respect to any Action, the
            Collateral Agent shall be entitled to refrain from such Action unless and until the Collateral Agent shall have received direction from the Holders of a majority in aggregate principal amount of the then outstanding Notes, and the Collateral
            Agent shall not incur liability to any Person by reason of so refraining.

           

          (w)         Notwithstanding anything to the contrary in this Indenture or in any Security Document, in no event shall the Collateral Agent or the Trustee be responsible
            for, or have any duty or obligation with respect to, the recording, filing, registering, perfection, protection or maintenance of the security interests or Liens intended to be created by this Indenture or the Security Documents (including
            without limitation the filing or continuation of any UCC financing or continuation statements or similar documents or instruments), nor shall the Collateral Agent or the Trustee be responsible for, and neither the Collateral Agent nor the
            Trustee makes any representation regarding, the validity, effectiveness or priority of any of the Security Documents or the security interests or Liens intended to be created thereby.

           

          (x)          Before the Collateral Agent acts or refrains from acting in each case at the request or direction of the Issuer or the Guarantors, other than as set forth
            in this Indenture, it may require an Officer’s Certificate and an Opinion of Counsel, which shall conform to the provisions of this Section 12.7 and Section 14.2 hereof. The Collateral Agent shall not be liable for any action it
            takes or omits to take in good faith in reliance on such certificate or opinion.

           

          
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          (y)          Notwithstanding anything to the contrary contained herein, the Collateral Agent shall act pursuant to the instructions of the Holders and the Trustee with
            respect to the Security Documents and the Collateral.

           

          (z)          The rights, privileges, benefits, immunities, indemnities and other protections given to the Trustee are extended to, and shall
            be enforceable by, the Collateral Agent as if the Collateral Agent were named as the Trustee herein and the Security Documents were named as this Indenture herein. The Collateral Agent shall be entitled to compensation, reimbursement and
            indemnity as set forth in Section 7.7, as if references therein to Trustee were references to Collateral Agent.

           

          ARTICLE XIII

           

          SUCCESSOR ISSUER

           

          SECTION 13.1.    Officer’s Certificate. The Conversion Date shall occur on the date the Trustee
            receives an Officer’s Certificate from the Issuer certifying, upon which the Trustee shall be entitled to rely absolutely without further investigation, that the conditions set forth in the definition of Exit Conditions shall have been
            satisfied. 

           

          SECTION 13.2.    Assumption by New Frontier Issuer. Notwithstanding anything to the contrary in this Indenture, New Frontier Issuer
            may assume all obligations of Frontier in respect of the Notes and this Indenture on the Conversion Date upon satisfaction of the Exit Conditions, as if New Frontier Issuer had itself issued such Notes, New Frontier Issuer will be substituted
            for, and may exercise every right and power of, and Frontier shall be automatically released from all obligations under the Notes and this Indenture, so long as: 

           

          (1)          New Frontier Issuer shall have executed and delivered to the Trustee a supplemental indenture in the form of Exhibit C hereto pursuant to which New Frontier Issuer will
            become a party to this Indenture and expressly assume Frontier’s obligations under the Notes and this Indenture; and

           

          (2)          New Frontier Issuer shall have delivered the Officer’s Certificate required under Section 13.1.

           

          SECTION 13.3.    Entry into the Exit Security Documents by the Trustee.Upon receipt by the Trustee of the Officer’s Certificate as set forth in Section 13.1,
            the Trustee is hereby authorized to execute and enter into, and shall execute and enter into, without the further consent of any Holder, any Exit Security Document or amendment or supplement thereto. 

           

          ARTICLE XIV

           

          

          MISCELLANEOUS

           

          SECTION 14.1.    Notices.  Any notice, request, direction, consent or communication made pursuant to the provisions of this
            Indenture or the Notes shall be in writing and delivered in person, sent by facsimile, sent by electronic mail in pdf format, delivered by commercial courier service or mailed by first‐class mail, postage prepaid, addressed as follows: 

           

          
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          if to the Issuer or to any Guarantor:

           

          Frontier Communications Corporation

          401 Merritt 7

          Norwalk, Connecticut 06851

          Facsimile: (203) 614-4651

          Attention: Mark D. Nielsen, Executive Vice President & Chief Legal Officer

          Email: mark.nielsen@ftr.com

          

          

          with a copy to:

           

          Kirkland & Ellis LLP

          601 Lexington Ave

          New York, New York 10022

          Attention:  Christian Nagler, Esq.

              Tim Cruickshank, Esq.

          Facsimile:  (212) 446‐4900

          Emails: cnagler@kirkland.com and tim.cruickshank@kirkland.com

           

          if to the Trustee, at its corporate trust office, which corporate trust office for purposes of this Indenture is at the date hereof located at:

           

          Wilmington Trust, National Association, as Trustee

          50 South Sixth Street, Suite 1290

          Minneapolis, Minnesota 55402

          Attention: Frontier Communications Notes Administrator

          Telecopy:  (612) 217-5651

           

          If to the Collateral Agent:

          JPMorgan Chase Bank, N.A.

          Mail code NY1-C413

          4 CMC, Brooklyn, NY, 11245-0001

          Attention: CIB DMO WLO

          Attention: 718-242-0209

          Telecopy: ib.collateral.services@jpmchase.com

          

          

          The Issuer, the Trustee or the Collateral Agent, by written notice to the others, may designate additional or different addresses for subsequent notices or communications.

           

          Any notice or communication to the Issuer or the Guarantors shall be deemed to have been given or made as of the date so delivered if personally delivered or if delivered electronically, in pdf format; when receipt
            is acknowledged, if telecopied; and seven (7) calendar days after mailing if sent by registered or certified mail, postage prepaid (except that a notice of change of address shall not be deemed to have been given until actually received by the
            addressee).  Any notice or communication to the Trustee or Collateral Agent shall be deemed delivered upon receipt.

           

          Any notice or communication sent to a Holder shall be electronically delivered or mailed to the Holder at the Holder’s address as it appears in the Notes Register and shall be sufficiently given if so sent within
            the time prescribed.

           

          Failure to mail or deliver electronically a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders.  If a notice or communication is sent in the
            manner provided above, it is duly given, whether or not the addressee receives it, except that notices to the Trustee shall be effective only upon receipt.

           

          Notwithstanding any other provision of this Indenture or any Note, where this Indenture or any Note provides for notice of any event (including any notice of redemption or purchase) to a Holder of a Global Note
            (whether by mail or otherwise), such notice shall be sufficiently given if given to DTC (or its designee) pursuant to the standing instructions from DTC or its designee.

           

          
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          SECTION 14.2.    Certificate and Opinion as to Conditions Precedent. 

           

          Upon any request or application by the Issuer or any of the Guarantors to the Trustee and/or the Collateral Agent to take or refrain from taking any action under this Indenture, the Issuer or such Guarantor, as the
            case may be, shall furnish to the Trustee or, if such action relates to a Security Document or an intercreditor agreement and if requested by the Collateral Agent, the Collateral Agent:

           

          (1)          an Officer’s Certificate (which shall include the statements set forth in Section 14.3 hereof) stating that, in the opinion of the signers, all conditions precedent, if any,
            provided for in this Indenture relating to the proposed action have been satisfied; and

           

          (2)          an Opinion of Counsel (which shall include the statements set forth in Section 14.3 hereof) stating that, in the opinion of such counsel, all such conditions precedent have
            been satisfied and all covenants have been complied with.

           

          SECTION 14.3.    Statements Required in
              Certificate or Opinion.  Each certificate or opinion with respect to compliance with a covenant or condition provided for in this Indenture (except Officer’s Certificates delivered pursuant to Section 3.15): 

           

          (1)          a statement that the individual making such certificate or opinion has read such covenant or condition;

           

          (2)          a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based;

           

          (3)          a statement that, in the opinion of such individual, he has made such examination or investigation as is necessary to enable such individual to express an informed opinion as to
            whether or not such covenant or condition has been complied with; and

           

          (4)          a statement as to whether or not, in the opinion of such individual, such covenant or condition has been complied with.

           

          In giving such Opinion of Counsel, counsel may rely as to factual matters on an Officer’s Certificate or on certificates of public officials.

           

          SECTION 14.4.    When

              Notes Disregarded.  In determining whether the Holders of the required aggregate principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by the Issuer, any Guarantor or any Affiliate of them shall be
            disregarded and deemed not to be outstanding, except that, for the purpose of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes which a Trust Officer of the Trustee actually knows
            are so owned shall be so disregarded.  Also, subject to the foregoing, only Notes outstanding at the time shall be considered in any such determination. 

           

          SECTION 14.5.    Rules by Trustee, Paying Agent and Registrar.  The
            Trustee may make reasonable rules for action by, or at meetings of, Holders.  The Registrar and the Paying Agent may make reasonable rules for their functions. 

           

          SECTION 14.6.    Legal Holidays.  A “Legal Holiday” is a
            Saturday, a Sunday or other day on which commercial banking institutions are authorized or required to be closed in New York, New York or the jurisdiction of the place of payment.  If a payment date or a Redemption Date
            is a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period.  If a regular record date is a Legal Holiday, the record date shall not be affected. 

           

          
            -151-

            
              

          

          SECTION 14.7.    Governing Law.  THIS INDENTURE, THE NOTES AND THE
            GUARANTEES AND THE RIGHTS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

           

          SECTION 14.8.    Jurisdiction.  The Issuer and the Guarantors agree that
            any suit, action or proceeding against the Issuer or any Guarantor brought by any Holder, the Trustee or the Collateral Agent arising out of or based upon this Indenture, the Guarantee or the Notes may be instituted in any state or Federal
            court in the Borough of Manhattan, New York, New York, and any appellate court from any thereof, and each of them irrevocably submits to the non‐exclusive jurisdiction of such courts in any suit, action or proceeding.  The Issuer and the
            Guarantors irrevocably waive, to the fullest extent permitted by law, any objection to any suit, action, or proceeding that may be brought in connection with this Indenture, the Guarantee or the Notes, including such actions, suits or
            proceedings relating to securities laws of the United States of America or any state thereof, in such courts whether on the grounds of venue, residence or domicile or on the ground that any such suit, action or proceeding has been brought in an
            inconvenient forum.  The Issuer and the Guarantors agree that final judgment in any such suit, action or proceeding brought in such court shall be conclusive and binding upon the Issuer or the Guarantors, as the case may be, and may be enforced
            in any court to the jurisdiction of which the Issuer or the Guarantors, as the case may be, are subject by a suit upon such judgment. 

           

          SECTION 14.9.    Waivers of Jury Trial. 
              EACH OF THE ISSUER, THE GUARANTORS, THE COLLATERAL AGENT AND THE TRUSTEE HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING
              ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE GUARANTEES AND FOR ANY COUNTERCLAIM THEREIN. 

           

          SECTION 14.10.  USA PATRIOT Act.  The parties hereto acknowledge that in
            accordance with Section 326 of the USA PATRIOT Act, the Trustee and the Collateral Agent, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record
            information that identifies each person or legal entity that establishes a relationship or opens an account.  The parties to this Indenture agree that they will provide the Trustee and the Collateral Agent with such information as it may
            request in order to satisfy the requirements of the USA PATRIOT Act. 

           

          SECTION 14.11.  No Recourse Against Others.  No past, present, or future
            director, officer, employee, incorporator or equityholder of the Issuer or any of their respective Subsidiaries or Affiliates, or such (other than the Issuer and the Guarantors), shall have any liability for any obligations of the Issuer or the
            Guarantors under the Note Documents or for any claim based on, in respect of, or by reason of such obligations or their creation.  Each Holder by accepting a Note waives and releases all such liability.  The waiver and release are part of the
            consideration for issuance of the Notes.  Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the SEC that such a waiver is against public policy. 

           

          SECTION 14.12.  Successors.  All agreements of the Issuer and each
            Guarantor in this Indenture and the Notes shall bind their respective successors.  All agreements of the Trustee and the Collateral Agent in this Indenture shall bind their respective successors. 

           

          
            -152-

            
              

          

          SECTION 14.13.  Multiple Originals.  The parties may sign any number of
            copies of this Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement. The words “execution,” signed,” “signature” and words of like import in this Indenture or in any other certificate,
            agreement or document related to this Indenture shall include images of manually executed signatures transmitted by facsimile or other electronic format (including, without limitation, “pdf,” “tif” or “jpg”) and other electronic signatures
            (including, without limitation, DocuSign and AdobeSign). The use of electronic signatures and electronic records (including, without limitation, any contract or other record created, generated, sent, communicated, received or stored by
            electronic means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted by applicable law, including the Federal Electronic
            Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, and any other applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act or the UCC;
            notwithstanding anything herein to the contrary, neither the Trustee nor the Collateral Agent is under any obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Trustee or the
            Collateral Agent pursuant to reasonable procedures approved by the Trustee or the Collateral Agent, as applicable. 

           

          SECTION 14.14.  Table of Contents; Headings.  The table of contents,
            cross‐reference table and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or
            provisions hereof. 

           

          SECTION 14.15.  Force Majeure.  In no event shall the Trustee or the
            Collateral Agent be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work
            stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services,
            it being understood that the Trustee and Collateral Agent shall use reasonable best efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

           

          SECTION 14.16.  Severability.  In case any provision in this Indenture
            or in the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

           

          SECTION 14.17.  [Reserved]. 

           

          SECTION 14.18.  Waiver of Immunities.  To the extent that the Issuer or any Guarantor or any of their respective properties, assets or revenues may have or may
            hereafter become entitled to, or have attributed to them, any right of immunity, on the grounds of sovereignty, from any legal action, suit or proceeding, from set-off or counterclaim, from the jurisdiction of any court, from service of
            process, from attachment upon or prior to judgment, or from attachment in aid of execution of judgment, or from execution of judgment, or other legal process or proceeding for the giving of any relief or for the enforcement of any judgment, in
            any jurisdiction in which proceedings may at any time be commenced, with respect to their obligations, liabilities or any other matter under or arising out of or in connection with this Indenture, the Notes or the Note Guarantees, each Issuer
            and each Guarantor hereby irrevocably and unconditionally, to the extent permitted by applicable law, waives and agrees not to plead or claim any such immunity and consents to such relief and enforcement. 

           

          SECTION 14.19.  Judgment Currency. 
            Each Issuer and each Guarantor agrees to indemnify the recipient against any loss incurred by such recipient as a result of any judgment or order being given or made against the Issuer or any Guarantor for any amount due hereunder and such
            judgment or order being expressed and paid in a currency (the “Judgment Currency”) other than Dollars and as a result of any variation as between (i) the rate of exchange at which the Dollar amount is converted into the Judgment Currency
            for the purpose of such judgment or order, and (ii) the rate of exchange in The City of New York at which such party on the date of payment of such judgment or order is able to purchase Dollars with the amount of the Judgment Currency actually
            received by such party if such party had utilized such amount of Judgment Currency to purchase Dollars as promptly as practicable upon such party’s receipt thereof.  The foregoing indemnity shall constitute a separate and independent obligation
            of each Issuer and each Guarantor and shall continue in full force and effect notwithstanding any such judgment or order as aforesaid.  The term “rate of exchange” shall include any premiums and costs of exchange payable in connection with the
            purchase of, or conversion into, the relevant currency. 

           

          
            -153-

            
              

          

          SECTION 14.20.  Intercreditor Agreements. Reference is made to the DIP Security Documents, Exit Security Documents and Junior Intercreditor Agreement. Each
            Holder, by its acceptance of a Note, (a) agrees that it will be bound by and will take no actions contrary to the provisions of the DIP Security Documents, Exit Security Documents and Junior Intercreditor Agreement, and (b) authorizes and
            instructs the Trustee and the Collateral Agent to enter into the DIP Security Documents, Exit Security Documents and Junior Intercreditor Agreement, as Trustee and as Collateral Agent, and on behalf of such Holder, including without limitation,
            making the representations of the Holders contained therein. The foregoing provisions are intended as an inducement to the lenders under the Credit Agreement to extend credit and such lenders are intended third party beneficiaries of such
            provisions and the provisions of the DIP Security Documents, Exit Security Documents and Junior Intercreditor Agreement. Notwithstanding any provisions in this Indenture or any other Note Document to the contrary, the terms, conditions and
            provisions of this Indenture and the other Note Documents are subject to the terms of the DIP Security Agreements, Exit Security Documents and Junior Intercreditor Agreement. To the extent there is a conflict between (i) this Indenture or the
            Note Documents and the DIP Security Documents and Exit Security Documents, as applicable, the terms and conditions of the DIP Security Documents or Exit Security Documents, as applicable shall control and (ii) the the intercreditor provisions
            in the Exit Security Documents (other than the Junior Intercreditor Agreement) and the Junior Intercreditor Agreement, the terms and conditions of the Exit Security Documents (other than the Junior Intercreditor Agreement) shall control. 

           

          [Signature on following pages]

           

          

          
            -154-

            
              

          

          IN WITNESS WHEREOF, the parties have caused this Indenture to be duly executed all as of the date and year first written above.

           

          	

                	
                  FRONTIER COMMUNICATIONS CORPORATION

                
	

                	

                
	

                	
                  By:

                	
                  /s/ Mark Nielsen

                
	

                	

                	
                  Name:

                	
                  Mark Nielsen

                
	

                	

                	
                  Title:

                	
                  Executive Vice President, Chief Transaction Officer and Chief Legal Officer

                
	 	 	 	 

          	 	
                  FRONTIER SOUTHWEST INCORPORATED

                  FRONTIER FLORIDA LLC

                  CITIZENS TELECOMMUNICATIONS COMPANY OF MINNESOTA, LLC

                  FRONTIER COMMUNICATIONS OF MINNESOTA, INC.

                  FRONTIER COMMUNICATIONS OF IOWA, LLC

                  CITIZENS TELECOMMUNICATIONS COMPANY OF TENNESSEE, L.L.C.

                  CITIZENS TELECOMMUNICATIONS COMPANY OF UTAH

                  FRONTIER COMMUNICATIONS OF WISCONSIN LLC, as Guarantors

                
	 	 

          
            	
                     

                  	
                    By:

                  	
                    /s/ Mark Nielsen

                  
	
                     

                  	
                     

                  	
                    Name:

                  	
                    Mark Nielsen

                  
	
                     

                  	
                     

                  	
                    Title:

                  	
                    Vice President, Chief Transaction Officer and Chief Legal Officer

                  

            

          

          	 	
                  FRONTIER VIDEO SERVICES INC., as Grantor

                
	 	 
	 	
                  By:

                	
                  /s/ Mark Nielsen

                
	 	 	
                  Name:

                	
                  Mark Nielsen

                
	 	 	
                  Title:

                	
                  Vice President, Chief Transaction Officer and Chief Legal Officer

                

           

          

          
            [Signature Page to this Indenture]

          

          
             

          

          
            
              

          

          	 	
                  WILMINGTON TRUST, NATIONAL ASSOCIATION,

                
	 	
                  as Trustee

                
	 	 
	 	
                  By:

                	
                  /s/ Jane Y. Schweiger

                
	 	 	
                  Name: Jane Y. Schweiger

                
	 	 	
                  Title: Vice President

                

           

          

          
            [Signature Page to this Indenture]

          

          
            
              

          

          
          	

                	
                  JPMORGAN CHASE BANK N.A.,

                
	

                	
                  as Collateral Agent

                
	

                	

                
	

                	
                  By:

                	
                  /s/ Daniel Luby

                
	

                	

                	
                  Name:

                	
                  Daniel Luby

                
	

                	

                	
                  Title:

                	
                  Vice President

                

           

          

          
            
              [Signature Page to this Indenture]

            

          

          
            
              

          

          
          
            
              
                EXHIBIT A

                 

                [FORM OF FACE OF GLOBAL RESTRICTED NOTE]

                [Applicable Restricted Notes Legend]

                [Depository Legend, if applicable]

                [OID Legend, if applicable]

                 

                	
                        No. [___]

                      	
                        Principal Amount $[___________] [as revised by the Schedule of Increases and Decreases in Global Note attached hereto]1

                        CUSIP NO. 35906A BE7 / U3144Q AK6

                      

                

                

                [FRONTIER COMMUNICATIONS CORPORATION]2

                [                                                       ] 3

                5.875% First Lien Secured Notes due 2027

                 

                [Frontier Communications Corporation, a debtor and debtor-in-possession in a case pending under chapter 11 of the Bankruptcy Code (the “Issuer”)]4[                       ], a [                       ] (the “Issuer”)]5 promise to pay to [Cede & Co.],6 or its registered assigns, the principal sum of _______________ U. S. dollars, [as revised by the Schedule of Increases and Decreases in Global Note attached
                  hereto],7 on October 15, 2027.

                 

                Interest Payment Dates: April 15 and October 15, commencing on April 15, 2021

                 

                Record Dates: April 1 and October 1

                 

                Additional provisions of this Note are set forth on the other side of this Note.

                

                

                
                   

                  

                  	
                          1

                        	
                          Insert in Global Notes only.

                        

                

                 

                

                	2	
                        To be used before the Conversion Date, and after the Conversion Date if the Corporate Reorganization is not undertaken.

                      

                 

                	3	
                        To be used after the Conversion Date, if the Corporate Reorganization is undertaken.

                      

                 

                	4	
                        To be used before the Conversion Date, and after the Conversion Date if the Corporate Reorganization is not undertaken.

                      

                 

                	5	
                        To be used after the Conversion Date, if the Corporate Reorganization is undertaken.

                      

                 

                	6	
                        Insert in Global Notes only.

                      

                 

                	7	
                        Insert in Global Notes only.

                      

                 

                
                  A-1

                  
                    

                

                IN WITNESS WHEREOF, the Issuer has caused this instrument to be duly executed.

                 

                	

                      	
                        [FRONTIER COMMUNICATIONS CORPORATION

                      
	

                      	

                      	

                      
	

                      	
                        By:

                      	

                      
	

                      	

                      	
                        Name:

                      
	

                      	

                      	
                        Title:  ]8

                      

                

                

                	

                      	[	

                      
	

                      	
                        By:

                      	

                      
	

                      	 	
                        Name:

                      
	

                      	 	
                        Title:  ]9

                      

                

                

                
                  

                 

                  

                
                  	
                          8

                        	
                          To be used before the Conversion Date, and after the Conversion Date if the Corporate Reorganization is not undertaken.

                        

                

                 

                  

                
                  	
                          9

                        	
                          To be used after the Conversion Date, if the Corporate Reorganization is undertaken.

                        

                

                 

                
                  A-2

                  
                    

                

                TRUSTEE CERTIFICATE OF AUTHENTICATION

                 

                This Note is one of the 5.875% First Lien Secured Notes due 2027 referred to in the within‐mentioned Indenture.

                 

                	 	
                        WILMINGTON TRUST, NATIONAL ASSOCIATION,

                      
	 	
                        as Trustee

                      
	

                      	

                      
	 	
                        By:

                      	

                      
	 	 	
                        Authorized Signatory

                      

                

                

                	
                        Dated:

                        

                      	

                      	

                      

                

                

                
                  A-3

                  
                    

                

                [FORM OF REVERSE SIDE OF NOTE]

                [FRONTIER COMMUNICATIONS CORPORATION]10

                [                                                       ]11

                

                

                5.875% FIRST LIEN SECURED NOTES DUE 2027

                 

                Capitalized terms used herein and not defined herein have the meanings ascribed thereto in the Indenture.

                 

                1.            Interest

                 

                The Issuer promises to pay interest on the principal amount of this Note at 5.875% per annum from October 8, 2020 until maturity.  The Issuer will pay interest semi-annually in arrears every April 15 and
                  October 15 of each year, or if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest Payment Date”).  Interest on the Notes shall accrue from the most recent date to which interest has been
                  paid or, if no interest has been paid, from the date of issuance; provided, that the first Interest Payment Date shall be April 15, 2021. The Issuer shall
                  pay interest on overdue principal at the rate specified herein, and they shall pay interest (including, after the Conversion Date, post-petition interest in any proceeding under any Bankruptcy Code) on overdue installments of interest
                  (without regard to any applicable grace period) at the same rate to the extent lawful.  Interest on the Notes will be computed on the basis of a 360‐day year comprised of twelve 30‐day months.

                 

                2.            Method of Payment

                 

                By no later than 11:00 a.m. (New York City time) on the date on which any principal of, premium, if any, or interest, on any Note is due and payable, the Issuer shall deposit with the Paying Agent a sum
                  sufficient in immediately available funds to pay such principal, premium, interest when due.  Interest on any Note which is payable, and is timely paid or duly provided for, on any Interest Payment Date shall be paid to the Person in
                  whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the preceding April 1 and October 1 at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3 of the Indenture.  The principal of (and premium, if any) and interest on the Notes shall be payable at the office or agency of the Paying Agent or Registrar designated by the Issuer maintained for such purpose
                    (which shall initially be the office of the Trustee maintained for such purpose), or at such other office or agency of the Issuer as may be maintained for such purpose pursuant to Section 2.3 of

                  the Indenture; provided, however, that, at the option of the Paying Agent, each installment of interest may be paid by (i) check mailed to addresses of the
                  Persons entitled thereto as such addresses shall appear on the Notes Register or (ii) wire transfer to an account located in the United States maintained by the payee, subject to the third to the last sentence of this paragraph. Payments
                  in respect of Notes represented by a Global Note (including principal, premium, if any, and interest) will be made by wire transfer of immediately available funds to the accounts specified by The Depository Trust Company or any successor
                  depository.  Payments in respect of Notes represented by Definitive Notes (including principal, premium, if any, and interest) held by a Holder of at least $1,000,000 aggregate principal amount of Notes represented by Definitive Notes
                  will be made in accordance with the Notes Register, or by wire transfer to a Dollar account maintained by the payee with a bank in the United States if such Holder elects payment by wire transfer by giving written notice to the Trustee or
                  the Paying Agent to such effect designating such account no later than 15 days immediately preceding the relevant due date for payment (or such other date as the Trustee may accept in its discretion).  If an Interest Payment Date or a
                  Redemption Date is a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period.  If a regular record date is a Legal Holiday, the record date shall
                  not be affected.

                 

                
                  

                

                	10	
                        To be used before the Conversion Date, and after the Conversion Date if the Corporate Reorganization is not undertaken.

                      

                 

                	11	
                        To be used after the Conversion Date, if the Corporate Reorganization is undertaken.

                      

                 

                
                  A-4

                  
                    

                

                3.            Paying Agent and Registrar

                 

                The Issuer initially appoints Wilmington Trust, National Association (the “Trustee”) as Registrar and Paying Agent for the Notes.  The Issuer may change any Registrar or Paying Agent without prior
                  notice to the Holders.  The Issuer or any Guarantor may act as Paying Agent, Registrar or transfer agent.

                 

                4.            Indenture

                 

                The Issuer issued the Notes under an Indenture dated as of October 8, 2020, among the Issuer, the Trustee and the Collateral Agent[, as supplemented by the Supplemental Indenture dated as of [               
                         ], 202[ ], among the Issuer, the Guarantors named therein, the Trustee and the Collateral Agent] (as it may be [further] amended or supplemented from time to time in accordance with the terms thereof, the “Indenture”).  The
                  terms of the Notes include those stated in the Indenture.  The Notes are subject to all terms and provisions of the Indenture, and Holders are referred to the Indenture for a statement of those terms.  In the event of a conflict between
                  the terms of the Notes and the terms of the Indenture, the terms of the Indenture shall control.

                 

                The Notes are senior secured obligations of the Issuer.  The aggregate principal amount of Notes that may be authenticated and delivered under the Indenture is unlimited.  This Note is one of the 5.875% First
                  Lien Secured Notes due 2027 referred to in the Indenture.  The Notes include (i) $1,150,000,000 principal amount of the Issuer’s [  ]% First Lien Secured Notes due 2027 issued under the Indenture on October 8, 2020 (the “Initial Notes”)

                  and (ii) if and when issued, additional Notes that may be issued from time to time under the Indenture subsequent to October 8, 2020 (the “Additional Notes”) as provided in Section 2.1(a) of the Indenture. The Initial Notes and the
                  Additional Notes shall be considered collectively as a single class for all purposes of the Indenture; provided that if any Additional Notes are not part of the same issue as the Notes offered
                  hereby under the Indenture for United States federal income tax purposes or if the Company otherwise determines that any Additional Notes should be differentiated from any other Notes, such Additional Notes may have a separate CUSIP
                  number, provided further that, for the avoidance of doubt, such Additional Notes will still constitute a single series with all other Notes issued under the Indenture for all other (i.e.,
                  non-income tax) purposes.  The Indenture imposes certain limitations on the incurrence of indebtedness, the making of restricted payments, the sale of assets, the incurrence of certain liens, the making of payments for consents, the
                  entering into of agreements that restrict distribution from restricted subsidiaries and the consummation of mergers and consolidations.  The Indenture also imposes requirements with respect to the provision of financial information and
                  the provision of guarantees of the Notes by certain subsidiaries.

                 

                5.            Guarantees

                 

                From and after the Issue Date, to guarantee the due and punctual payment of the principal, premium, if any, interest (including post‐filing or post‐petition interest in any proceeding under Bankruptcy Code)
                  on the Notes and all other amounts payable by the Issuer under the Indenture and the Notes when and as the same shall be due and payable, whether at maturity, by acceleration or otherwise, according to the terms of the Notes and the
                  Indenture, each Guarantor will unconditionally guarantee (and future guarantors, jointly and severally with the Guarantors, will fully and unconditionally Guarantee) such obligations on a senior secured basis pursuant to the terms of the
                  Indenture.

                 

                6.            Redemption

                 

                (a)          At any time prior to October 15, 2023, the Issuer may redeem the Notes in whole or in part, at their option, upon not less than 10 nor more than 60 days’ prior notice, with a copy to the Trustee,
                  to each Holder of Notes to the address of such Holder appearing in the Notes Register, at a redemption price (expressed as a percentage of the principal amount of the Notes to be redeemed) equal to 100.000% plus the relevant Applicable
                  Premium as of, and accrued and unpaid interest, if any, to but excluding the date of redemption (the “Redemption Date”), subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest
                  payment date.

                 

                
                  A-5

                  
                    

                

                (b)          At any time and from time to time prior to October 15, 2023, the Issuer may on one or more occasions, upon not less than 10 nor more than 60 days’ prior notice, with a copy to the Trustee, to
                  each Holder of Notes to the address of such Holder appearing in the Notes Register, redeem up to 40.0% of the original principal amount of Notes issued under the Indenture on the Issue Date (together with Additional Notes) at a redemption
                  price (expressed as a percentage of the principal amount of Notes to be redeemed) equal to 105.875%, plus accrued and unpaid interest, if any, to but excluding, the applicable Redemption Date, subject to the right of Holders of record of
                  the Notes on the relevant record date to receive interest due on the relevant interest payment date, with the Net Cash Proceeds received by the Issuer of one or more Equity Offerings of the Issuer; provided

                  that not less than 50.0% of the original principal amount of the then-outstanding Notes initially issued under the Indenture remains outstanding immediately after the occurrence of each such redemption (including Additional Notes
                  but excluding Notes held by the Issuer or any of their Restricted Subsidiaries), unless all such notes are redeemed substantially concurrently; provided further that each such redemption occurs
                  not later than 180 days after the date of closing of the related Equity Offering. The Trustee shall select the Notes to be purchased in the manner described under Sections 5.1 through 5.6 of the Indenture.

                 

                 (c)          Except pursuant to clauses (a) and (b) of this paragraph 6 and paragraph 7 below, the Notes will not be redeemable at the Issuer’s option prior to October 15, 2023.

                 

                (d)          At any time and from time to time on or after October 15, 2023, the Issuer may redeem the Notes, in whole or in part, upon not less than 10 nor more than 60 days’ prior notice, with a copy to the
                  Trustee, to each Holder of Notes to the address of such Holder appearing in the Notes Register at the redemption prices (expressed as percentages of principal amount of the Notes to be redeemed) set forth in the table below, plus accrued
                  and unpaid interest thereon, if any, to but excluding the applicable Redemption Date, subject to the right of Holders of record of the Notes on the relevant record date to receive interest due on the relevant interest payment date, if
                  redeemed during the twelve‐month period beginning on October 15 of each of the years indicated in the table below:

                 

                
                  	 	
                          
                            Year

                          

                        	 	
                          
                            Percentage

                          

                        
	 	
                          2023

                        	 	
                          102.938%

                        
	 	
                          2024

                        	 	
                          101.469%

                        
	 	
                          2025 and thereafter

                        	 	
                          100.000%

                        

                

                

                

                (e)          Notwithstanding the foregoing, in connection with any tender offer for the Notes, including a Change of Control Offer, Asset Disposition Offer, Collateral Asset Sale Offer or Collateral Advance
                  Offer, if Holders of not less than 90.0% in aggregate principal amount of the outstanding Notes validly tender and do not validly withdraw such Notes in such tender offer and the Issuer, or any third party making such tender offer in lieu
                  of the Issuer, purchases all of the Notes validly tendered and not validly withdrawn by such Holders, the Issuer or such third party shall have the right upon not less than 10 nor more than 60 days’ prior notice, with a copy to the
                  Trustee, to each Holder of Notes to the address of such Holder appearing in the Notes Register, given not more than 30 days following such purchase date to redeem all Notes that remain outstanding following such purchase at a redemption
                  price equal to the price offered to each other Holder (excluding any early tender or incentive fee) in such tender offer plus, to the extent not included in the tender offer payment, accrued and unpaid interest, if any, thereon, to but
                  excluding, the date of such redemption.

                 

                (f)           Unless the Issuer defaults in the payment of the redemption price, interest will cease to accrue on the Notes or portions thereof called for redemption on the applicable Redemption Date.

                 

                (g)          Any redemption pursuant to this paragraph 6 shall be made pursuant to the provisions of Section 5.1 through 5.6 of the Indenture.

                 

                Except as set forth in paragraph 7, the Issuer is not required to make mandatory redemption or sinking fund payments with respect to the Notes.

                

                

                
                  A-6

                  
                    

                

                 [7.          Special Mandatory Redemption
                   

                  (a)           In In the event that (i) the Conversion Date does not occur prior to the Conversion Outside Date or (ii) the Issuer informs the Trustee in writing that, in the reasonable good faith judgment
                    of the Issuer, the Conversion Date will not occur prior to the Conversion Outside Date (the date of any such event being the “Special Termination Date”), the Issuer will redeem the Notes (the “Special Mandatory Redemption”)

                    at a price (the “Special Mandatory Redemption Price”) equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest on the Notes, if any, from the Issue Date to, but excluding, the Special Mandatory
                    Redemption Date (defined below), subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date. 

                

                (b)          Subject to Section 5.9(c) of the Indenture, notice of the Special Mandatory Redemption will be delivered by the Issuer no later than one Business Day following the Special Termination Date, to
                  the Trustee and Holders of Notes and will provide that the Notes shall be redeemed on a date that is no later than the third Business Day after such notice is given by the Issuer (the “Special Mandatory Redemption Date”) in
                  accordance with the applicable procedures of DTC.

                 

                (c)          On the Special Mandatory Redemption Date, the Issuer shall pay to the Paying Agent for payment to each Holder of Notes the applicable Special Mandatory Redemption Price for such Holder’s Notes.

                 

                (d)          Any redemption made pursuant to Section 5.9 of the Indenture shall be made pursuant to the provisions of Section 5.1 through 5.6 of the Indenture, except to the extent
                  inconsistent with Section 5.9 of the Indenture. The Issuer shall not be required to make any mandatory redemption or sinking fund payments with respect to the Notes, except pursuant to Section 5.9 of the Indenture.]12

                 

                [7.           Reserved]13

                 

                8.            Repurchase Provisions

                 

                If a Change of Control Triggering Event occurs, each Holder will have the right to require the Issuer to repurchase from each Holder all or any part (equal to a minimum denomination of $2,000 or an integral
                  multiple of $1,000 in excess thereof) of such Holder’s Notes at a purchase price in cash equal to 101.0% of the aggregate principal amount thereof plus accrued and unpaid interest, to but excluding the date of purchase; provided that if
                  the repurchase date is on or after the record date and on or before the corresponding interest payment date, then Holders in whose name the Notes are registered at the close of business on such record date will receive the interest due on
                  the repurchase date, as provided in, and subject to the terms of, the Indenture.

                 

                Upon certain Asset Dispositions, the Issuer may be required to use the Excess Proceeds from such Asset Dispositions to offer to purchase Notes and, at the Issuer’s option, Pari Passu Indebtedness out of the
                  Excess Proceeds in accordance with the procedures set forth in Section 3.5 and in Article V of the Indenture.

                 

                9.            Denominations; Transfer; Exchange

                 

                The Notes shall be issuable only in fully registered form in minimum denominations of principal amount of $2,000 and any integral multiple of $1,000 in excess thereof.  A Holder may transfer or exchange Notes
                  in accordance with the Indenture.  The Registrar may require a Holder, among other things, to furnish appropriate endorsements or transfer documents and to pay a sum sufficient to cover any tax and fees required by law or permitted by the
                  Indenture.  The Registrar need not register the transfer of or exchange of any Note (A) for a period beginning (1) fifteen (15) calendar days before the mailing of a notice of an offer to repurchase or redeem Notes and ending at the close
                  of business on the day of such mailing or (2) fifteen (15) calendar days before an Interest Payment Date and ending on such Interest Payment Date or (B) called for redemption, except the unredeemed portion of any Note being redeemed in
                  part.

                 

                

                
                  	
                          12

                        	
                          To be used before the Conversion Date.

                        

                

                 

                
                  	
                          13

                        	
                          To be used after the Conversion Date.

                        

                

                 

                
                  A-7

                  
                    

                

                10.          Persons Deemed Owners

                 

                The registered Holder of this Note may be treated as the owner of it for all purposes.

                 

                11.          Unclaimed Money

                 

                If money for the payment of principal, premium, if any, interest remains unclaimed for two years, the Trustee or Paying Agent shall pay the money back to the Issuer at its written request unless an abandoned
                  property law designates another Person to receive such money.  After any such payment, Holders entitled to the money must look only to the Issuer and not to the Trustee for payment as general creditors unless an abandoned property law
                  designates another person for payment.

                 

                12.          Discharge and Defeasance

                 

                Subject to certain exceptions and conditions set forth in the Indenture, the Issuer at any time may terminate some or all of its obligations under the Notes and the Indenture if the Issuer deposits with the
                  Trustee money or U.S. Government Obligations for the payment of principal, premium, if any and interest on the Notes to redemption or maturity, as the case may be.

                 

                13.          Amendment, Supplement, Waiver

                 

                Subject to certain exceptions contained in the Indenture, the Indenture, the Notes and the Security Documents may be amended, or a Default thereunder may be waived, with the consent of the Holders of a
                  majority in aggregate principal amount of the outstanding Notes.  Without notice to or the consent of any Holder, the Issuer, the Guarantors, the Trustee and the Collateral Agent, as applicable, may amend or supplement the Indenture, the
                  Notes and the Security Documents as provided in the Indenture.

                 

                14.          Defaults and Remedies

                 

                If an Event of Default (other than an Event of Default relating to certain events of bankruptcy, insolvency or reorganization of the Issuer or certain Guarantors) occurs and is continuing, the Trustee by
                  written notice to the Issuer, or the Holders of at least 30.0% in principal amount of the outstanding Notes by notice to the Issuer and the Trustee, may declare the principal of and accrued and unpaid interest, and any other monetary
                  obligations on all the Notes to be due and payable.  Upon the effectiveness of such declaration, such principal, interest, and other monetary obligations will be due and payable immediately.  If a bankruptcy, insolvency or reorganization
                  of the Issuer or a Significant Subsidiary (or any group of Restricted Subsidiaries, that taken together as of the latest audited consolidated financial statements for the Issuer and its Restricted Subsidiaries, would constitute a
                  Significant Subsidiary) occurs and is continuing, the principal of and accrued and unpaid interest and any other monetary obligations on all the Notes will become and be immediately due and payable without any declaration or other act on
                  the part of the Trustee or any Holders.  Under certain circumstances, the Holders of a majority in aggregate principal amount of the outstanding Notes may rescind any such acceleration with respect to the Notes and its consequences.

                 

                15.          Trustee Dealings with the Issuer

                 

                Subject to certain limitations set forth in the Indenture, the Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuer, Guarantors or
                  their Affiliates with the same rights it would have if it were not Trustee.  In addition, the Trustee shall be permitted to engage in transactions with the Issuer and their respective Affiliates and Subsidiaries.

                 

                
                  A-8

                  
                    

                

                16.          No Recourse Against Others

                 

                No past, present or future director, officer, employee, incorporator or equityholder of the Issuer or any of their respective Subsidiaries or Affiliates, as such (other than the Issuer and the Guarantors),
                  shall have any liability for any obligations of the Issuer or the Guarantors under the Notes, the Note Guarantees or the Indenture or for any claim based on, in respect of, or by reason of such obligations or their creation.  Each Holder
                  by accepting a note waives and releases all such liability.  The waiver and release are part of the consideration for issuance of the Notes.  Such waiver may not be effective to waive liabilities under the federal securities laws and it
                  is the view of the SEC that such a waiver is against public policy.

                 

                17.          Authentication

                 

                This Note shall not be valid until an authorized signatory of the Trustee (or an authenticating agent acting on its behalf) manually signs the certificate of authentication on the other side of this Note.

                 

                18.          Abbreviations

                 

                Customary abbreviations may be used in the name of a Holder or an assignee, such as TEN COM (= tenants in common), TEN ENT (= tenants by the entirety), JT TEN (= joint tenants with rights of survivorship and
                  not as tenants in common), CUST (= custodian) and U/G/M/A (= Uniform Gift to Minors Act).

                 

                19.          CUSIP and ISIN Numbers

                 

                The Issuer has caused CUSIP and ISIN numbers, if applicable, to be printed on the Notes and has directed the Trustee to use CUSIP and ISIN numbers, if applicable, in notices of redemption or purchase as a
                  convenience to Holders.  No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption or purchase and reliance may be placed only on the other identification
                  numbers placed thereon.

                 

                20.          Governing Law

                 

                This Note shall be governed by, and construed in accordance with, the laws of the State of New York.

                 

                21.          Security

                 

                The Notes and the related Guarantees will be secured by the Collateral on the terms and subject to the conditions set forth in the Indenture and the Security Documents. The Trustee and the Collateral Agent,
                  as the case may be, hold the Collateral in trust for the benefit of the Holders of the Notes, in each case pursuant to the Security Documents, including the DIP Security Agreements, Exit Security Agreements or Junior Intercreditor
                  Agreement. Each Holder, by accepting this Note, consents and agrees to the terms of the Security Documents (including the provisions providing for the foreclosure and release of Collateral), including the DIP Security Agreements, Exit
                  Security Agreements or Junior Intercreditor Agreement, each as may be in effect or may be amended from time to time in accordance with their terms and the Indenture, and authorizes and directs each of the Trustee and the Collateral Agent,
                  as applicable, to enter into the Security Documents, including the including the DIP Security Agreements, Exit Security Agreements or Junior Intercreditor Agreement, and to perform its obligations and exercise its rights thereunder in
                  accordance therewith.

                 

                The Issuer will furnish to any Holder upon written request and without charge to the Holder a copy of the Indenture.  Requests may be made to:

                 

                Frontier Communications Corporation

                401 Merritt 7

                Norwalk, Connecticut 06851

                Facsimile: (203) 614-4651

                Attention: Mark D. Nielsen, Executive Vice President & Chief Legal Officer

                

                

                
                  A-9

                  
                    

                

                ASSIGNMENT FORM

                 

                To assign this Note, fill in the form below:

                 

                I or we assign and transfer this Note to:

                 

                	 	

                      
	
                        (Print or type assignee’s name, address and zip code)

                      
	 
	

                      	

                      
	
                        (Insert assignee’s social security or tax I.D. No.)

                      

                 

                

                and irrevocably appoint ___________ agent to transfer this Note on the books of the Issuer.  The agent may substitute another to act for him.

                 

                	
                        Date:

                      	
                        Your Signature:

                      	

                      	

                      

                

                

                	
                        Signature Guarantee:

                      	

                      	

                      
	
                        (Signature must be guaranteed)

                      

                

                

                	

                      	

                      
	
                        Sign exactly as your name appears on the other side of this Note.

                      

                

                

                The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with membership in an approved signature guarantee medallion program), pursuant to
                  Exchange Act Rule 17Ad‐15.

                 

                The undersigned hereby certifies that it ☐ is / ☐ is not an Affiliate of the Issuer and that, to its knowledge, the proposed transferee ☐ is / ☐ is not an Affiliate of the Issuer.

                 

                In connection with any transfer or exchange of any of the Notes evidenced by this certificate occurring prior to the date that is one year after the later of the date of original issuance of such Notes and
                  the last date, if any, on which such Notes were owned by the Issuer or any Affiliate of the Issuer, the undersigned confirms that such Notes are being:

                 

                CHECK ONE BOX BELOW:

                 

                
                  
                    	

                          	(1)	☐	acquired for the undersigned’s own account, without transfer; or

                  

                

                 

                
                  
                    	

                          	(2)	☐	transferred to the Issuer; or

                  

                

                 

                
                  
                    	

                          	(3) 

                            	☐	transferred pursuant to and in compliance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”); or

                  

                

                 

                
                  
                    	

                          	(4)	☐	transferred pursuant to an effective registration statement under the Securities Act; or

                  

                

                 

                
                  
                    	

                          	(5) 

                            	☐	transferred pursuant to and in compliance with Regulation S under the Securities Act; or

                  

                

                 

                
                  
                    	

                          	(6) 

                            	☐	transferred to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act) or an “accredited
                            investor” (as defined in Rule 501(a)(4) under the Securities Act), that has furnished to the Trustee a signed letter containing certain representations and agreements (the form of which letter appears as Section 2.8 or 2.10
                            of the Indenture, respectively); or

                  

                

                 

                
                  
                    	

                          	(7)	☐	transferred pursuant to another available exemption from the registration requirements of the Securities Act of 1933, as amended.

                  

                

                

                

                
                  A-10

                  
                    

                

                Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes evidenced by this certificate in the name of any person other than the registered Holder thereof; provided, however, that if box (5), (6) or (7) is checked, the Issuer may require, prior to registering any such transfer of the Notes, in its sole discretion, such legal opinions, certifications and other
                  information as the Issuer may reasonably request to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933, as amended, such
                  as the exemption provided by Rule 144 under such Act.

                 

                	 	

                      	 
	 	
                        Signature

                      
	

                      	 
	
                        Signature Guarantee:

                      	 	 

                

                

                	

                      	

                      	

                      	

                      
	
                        (Signature must be guaranteed)

                      	
                        Signature

                      

                

                

                The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with membership in an approved signature guarantee medallion program), pursuant to
                  Exchange Act Rule 17Ad‐15.

                 

                TO BE COMPLETED BY PURCHASER IF BOX (1) OR (3) ABOVE IS CHECKED.

                 

                The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it exercises sole investment discretion and that it and any such account is a
                  “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act of 1933, as amended, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information
                  regarding the Issuer as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon the undersigned’s foregoing representations in order to
                  claim the exemption from registration provided by Rule 144A.

                 

                	 	

                      	

                      
	 	
                        Dated:

                      

                 

                
                  A-11

                  
                    

                

                [TO BE ATTACHED TO GLOBAL NOTES]

                 

                SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTES

                 

                The following increases or decreases in this Global Note have been made:

                 

                	
                        
                           

                           

                           

                          Date of Exchange

                        

                      	 	
                        
                           

                          Amount of decrease

                           in Principal Amount 

                          of this Global Note

                        

                      	 	
                        
                           

                          Amount of increase 

                          in Principal Amount 

                          of this Global Note

                        

                      	 	
                        
                          Principal Amount of

                           this Global Note 

                          following such 

                          decrease or increase

                        

                      	 	
                        
                          Signature of 

                          authorized signatory

                           of Trustee or Notes

                           Custodian

                        

                      
	 	 	 	 	 	 	 	 	 

                

                

                
                  A-12

                  
                    

                

                OPTION OF HOLDER TO ELECT PURCHASE

                 

                If you elect to have this Note purchased by the Issuer pursuant to Section 3.5 or 3.9 of the Indenture, check either box:

                 

                Section 3.5 ☐          Section 3.9 ☐

                 

                If you want to elect to have only part of this Note purchased by the Issuer pursuant to Section 3.5 or 3.9 of the Indenture, state the amount in principal amount (must be in minimum denominations of
                  $2,000 or an integral multiple of $1,000 in excess thereof):  $___________________________________ and specify the denomination or denominations (which shall not be less than the minimum authorized denomination) of the Notes to be issued
                  to the Holder for the portion of the within Note not being repurchased (in the absence of any such specification, one such Note will be issued for the portion not being repurchased):  _________________.

                 

                
                  	
                          Date:

                        	 	
                          Your Signature:

                        	

                        	

                        
	 	 	
                          (Sign exactly as your name appears on the other side of the Note)

                        	 

                

                 

                

                
                  	
                          Signature Guarantee:

                        	
                           

                        	
                           

                        
	
                           

                        	
                          (Signature must be guaranteed)

                        	
                           

                        

                

                

                The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with membership in an approved signature guarantee medallion program), pursuant to
                  Exchange Act Rule 17Ad‐15.

                 

                
                  A-13

                  
                    

                

                
                
                  EXHIBIT B

                   

                  Form of Supplemental Indenture to Add Guarantors

                   

                  [          ] SUPPLEMENTAL INDENTURE, (this “Supplemental Indenture”) dated as of [      ], by and among the parties that are signatories hereto as Guarantors (the “Guarantors” and each a “Guarantor”),

                    [                           ], as Issuer, Wilmington Trust, National Association, a national banking association, as Trustee and JPMorgan Chase Bank, N.A., as Collateral Agent under the Indenture referred to below.

                   

                  W I T N E S S E T H:

                   

                  WHEREAS, each of the Issuer, the Trustee and the Collateral Agent have heretofore executed and delivered an indenture dated as of October 8, 2020, as supplemented by the Supplemental Indenture dated as of
                    [                 ], 202[  ] among the Issuer, the Guarantors named therein and the Trustee (as further amended, supplemented, waived or otherwise modified, the “Indenture”), providing for the issuance of an aggregate principal
                    amount of $1,150 million of 5.875% First Lien Secured Notes due 2027 of the Issuer (the “Notes”);

                   

                  WHEREAS, the Indenture provides that under certain circumstances each Guarantor shall execute and deliver to the Trustee a supplemental indenture pursuant to which such Guarantor shall unconditionally
                    guarantee, on a joint and several basis with the other Guarantors, all of the Issuer’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein and under the Indenture (the “Guarantee”); and

                   

                  WHEREAS, pursuant to Section 9.1 of the Indenture, the Issuer, any Guarantor, the Trustee and the Collateral Agent are authorized to execute and deliver a supplemental indenture to add additional
                    Guarantors, without the consent of any Holder;

                   

                  NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guarantor, the Issuer, the other Guarantors, the Trustee and
                    the Collateral Agent mutually covenant and agree for the equal and ratable benefit of the Holders as follows:

                   

                  ARTICLE I

                  

                  

                  DEFINITIONS

                   

                  

                  Section 1.1.  Defined Terms.  As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble or recitals hereto are used herein as
                    therein defined.  The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular Section hereof.

                   

                  ARTICLE II

                   

                  AGREEMENT TO BE BOUND; GUARANTEE

                   

                  Section 2.1.  Agreement to be Bound.  Each Guarantor hereby becomes a party to the Indenture as a Guarantor and as such will have all of the rights and be subject
                    to all of the obligations and agreements of a Guarantor under the Indenture.

                   

                  Section 2.2.  Guarantee.  Each Guarantor agrees, on a joint and several basis with all the existing Guarantors [and the other Guarantors], to fully, unconditionally
                    and irrevocably Guarantee to each Holder of the Notes and the Trustee the Guaranteed Obligations pursuant to Article X of the Indenture on a senior secured basis.

                   

                  
                    B-1

                    
                      

                  

                  
                  ARTICLE III

                  

                  

                  MISCELLANEOUS

                   

                  

                  Section 3.1.  Notices.  All notices and other communications to the Guarantors shall be given as provided in the Indenture to such Guarantors, at their addresses
                    set forth below, with a copy to the Issuer as provided in the Indenture for notices to the Issuer.

                   

                  [INSERT ADDRESS]

                   

                  Section 3.2.  Merger and Consolidation.  No Guarantor shall sell or otherwise dispose of all or substantially all of its assets to, or consolidate with or merge
                    with or into another Person (other than the Issuer or any Restricted Subsidiary that is a Guarantor or becomes a Guarantor concurrently with the transaction) except in accordance with Section 4.1(f) of the Indenture.

                   

                  Section 3.3.  Release of Guarantee.  This Guarantee shall be released in accordance with Section 10.2 of the Indenture.

                   

                  Section 3.4.  Parties.  Nothing expressed or mentioned herein is intended or shall be construed to give any Person, firm or corporation, other than the Holders and
                    the Trustee, any legal or equitable right, remedy or claim under or in respect of this Supplemental Indenture or the Indenture or any provision herein or therein contained.

                   

                  Section 3.5.  Governing Law.  This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York.

                   

                  Section 3.6.  Severability.  In case any provision in this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and
                    enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity, illegality or unenforceability.

                   

                  Section 3.7.  Benefits Acknowledged.  Each Guarantor’s Guarantee is subject to the terms and conditions set forth in the Indenture.  Each Guarantor acknowledges
                    that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Supplemental Indenture and that the guarantee and waivers made by it pursuant to this Guarantee are knowingly made
                    in contemplation of such benefits.

                   

                  Section 3.8.  Ratification of Indenture; Supplemental Indentures Part of Indenture.  Except as expressly amended hereby, the Indenture is in all respects ratified
                    and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect.  This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or
                    hereafter authenticated and delivered shall be bound hereby.

                   

                  Section 3.9.  The Trustee and the Collateral Agent.  The Trustee and the Collateral Agent make no representation or warranty as to the validity or sufficiency of
                    this Supplemental Indenture or with respect to the recitals contained herein, all of which recitals are made solely by the other parties hereto.

                   

                  Section 3.10.  Counterparts.  The parties hereto may sign any number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but all of
                    them together represent the same agreement. The words “execution,” signed,” “signature” and words of like import in this Supplemental Indenture or in any other certificate, agreement or document related to this Supplemental Indenture
                    shall include images of manually executed signatures transmitted by facsimile or other electronic format (including, without limitation, “pdf,” “tif” or “jpg”) and other electronic signatures (including, without limitation, DocuSign and
                    AdobeSign). The use of electronic signatures and electronic records (including, without limitation, any contract or other record created, generated, sent, communicated, received or stored by electronic means) shall be of the same legal
                    effect, validity and enforceability as a manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National
                    Commerce Act, the New York State Electronic Signatures and Records Act, and any other applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act or the UCC; notwithstanding anything
                    herein to the contrary, neither the Trustee nor the Collateral Agent is under any obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Trustee or the Collateral Agent
                    pursuant to reasonable procedures approved by the Trustee or the Collateral Agent, as applicable.

                   

                  
                    B-2

                    
                      

                  

                  
                  Section 3.11.  Execution and Delivery.  Each Guarantor agrees that its Guarantee shall remain in full force and effect notwithstanding any failure to endorse on
                    each Note a notation of any such Guarantee.

                   

                  Section 3.12.  Headings.  The headings of the Articles and the Sections in this Supplemental Indenture are for convenience of reference only and shall not be deemed
                    to alter or affect the meaning or interpretation of any provisions hereof.

                   

                  
                    B-3

                    
                      

                  

                  IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first above written.

                   

                  	 	
                          [GUARANTEEING ENTITY],

                        
	 	
                          as a Guarantor

                        
	 	 
	 	
                          By:

                        	

                        
	 	 	
                          Name:

                        
	 	 	
                          Title:

                        

                   

                  	 	
                          [                                                         ]

                        
	 	

                        	

                        
	 	
                          By:

                        	

                        
	 	 	
                          Name:

                        
	 	 	
                          Title:

                        

                  

                  

                  
                    [Signature Page to Supplemental Indenture]

                  

                  
                    
                      

                  

                  	 	
                          WILMINGTON TRUST, NATIONAL ASSOCIATION,

                        
	 	
                          as Trustee

                        
	 	 
	 	
                          By:

                        	

                        
	 	 	
                          Name:

                        
	 	 	
                          Title:

                        

                   

                  	 	
                          JP MORGAN CHASE BANK, N.A.,

                        
	 	
                          as Collateral Agent

                        
	 	

                        
	 	
                          By:

                        	

                        
	 	 	
                          Name:

                        
	 	 	
                          Title:

                        

                   

                  
                    [Signature Page to Supplemental Indenture]

                  

                  
                    
                      

                  

                  
                  
                    EXHIBIT C

                     

                    

                    [FORM OF [FIRST] SUPPLEMENTAL INDENTURE

                    TO BE DELIVERED BY NEW FRONTIER ISSUER ON THE CONVERSION DATE]

                     

                    [First] Supplemental Indenture (this “Supplemental Indenture”), dated as of [                ], 202[  ] among [                             ], a [                            
                      ] (the “Company” or the “Issuer”), the parties that are signatories hereto as Guarantors (each, a “Guarantor,” and collectively, the “Guarantors”), Wilmington Trust, National Association, a national banking
                      association, as trustee (in such capacity, the “Trustee”) and JPMorgan Chase Bank, N.A., as collateral agent (in such capacity, the “Collateral Agent”).

                     

                    W I T N E S S E T H:

                     

                    WHEREAS, Frontier Communications Corporation (the “Prior Issuer”), the Trustee and the Collateral Agent have heretofore executed and delivered an indenture dated as of
                      October 8, 2020 (as amended, supplemented, waived or otherwise modified, the “Indenture”), providing for the issuance of an aggregate principal amount of $1,150.0 million of 5.875% First Lien Secured Notes due 2027 (the “Notes”);

                     

                    WHEREAS, the parties hereto desire to enter into this Supplemental Indenture to evidence the assumption by the Issuer of all the payment and other obligations of the Prior Issuer under the Notes and the
                      Indenture on the Conversion Date;

                     

                    WHEREAS, the Indenture provides that upon the Conversion Date the Issuer shall execute and deliver to the Trustee a supplemental indenture and become party to the Indenture and pursuant to which the
                      Issuer shall assume all of the obligations of the Prior Issuer under the Notes and the Indenture, as applicable;

                     

                    WHEREAS, pursuant to Section 9.1 of the Indenture, the Trustee, the Collateral Agent, the Issuer and the Guarantors are authorized to execute and deliver
                      this Supplemental Indenture without the consent of holders of the Notes;

                     

                    WHEREAS, each of the Issuer and the Guarantors has been duly authorized to enter into this Supplemental Indenture; and

                     

                    WHEREAS, all acts, conditions, proceedings and requirements necessary to make this Supplemental Indenture a valid, binding and legal agreement enforceable in
                      accordance with its terms for the purposes expressed herein, in accordance with its terms, have been duly done and performed.

                     

                    NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged,
                      the parties mutually covenant and agree for the equal and ratable benefit of the Holders as follows:

                     

                    ARTICLE I

                    Definitions

                    

                    

                    Section 1.1.  Defined Terms.  As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble or recitals hereto are used herein as
                      therein defined.  The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof.

                     

                    ARTICLE II

                    Assumption and Agreements

                    

                    

                    Section 2.1.  Assumption of Obligations. The Issuer hereby agrees, as of the date hereof, to assume, to
                      be bound by and to be liable, as a primary obligor and not as a guarantor or surety, with respect to, any and all payment obligations under the Indenture and the Notes on the terms and subject to the conditions set forth in the
                      Indenture and all other obligations of the Issuer under the Indenture and to become the Issuer under the Indenture.

                     

                    
                      C-1

                      
                        

                    

                    
                    ARTICLE IV

                    Miscellaneous

                    

                    

                    Section 4.1.  Notices.  All notices and other communications to the Issuer shall be given as provided in the Indenture to the Issuer.

                     

                    Section 4.2.  Parties.  Nothing expressed or mentioned herein is intended or shall be construed to give any Person, firm or corporation, other than the Holders
                      and the Trustee, any legal or equitable right, remedy or claim under or in respect of this Supplemental Indenture or the Indenture or any provision herein or therein contained.

                     

                    Section 4.3.  Severability.  In case any provision in this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and
                      enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity, illegality or unenforceability.

                     

                    Section 4.4.  Execution and Delivery. (a) The Issuer agrees that its assumption of all of the payment obligations under the Notes and the Indenture shall remain in
                      full force and effect notwithstanding the absence of the endorsement of any notation of such assumption of all of the payment obligations under the Notes and the Indenture on the Notes.

                     

                    (b) Each Guarantor agrees that the Guarantee shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of any such Guarantee.

                     

                    

                    

                    Section 4.5.  No Recourse Against Others. No past, present or future director, officer, employee, incorporator, member, partner or
                      equityholder of the Issuer or any Guarantor shall have any liability for any obligations of the Issuer or the Guarantors under the Notes, any Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in
                      respect of, or by reason of, such obligations or their creation. Each Holder by accepting Notes waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

                    

                    

                    Section 4.6.  Governing Law. This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New
                      York.

                     

                    Section 4.7.  Counterparts.  The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an
                      original, but all of them together represent the same agreement. The words “execution,” signed,” “signature” and words of like import in this Supplemental Indenture or in any other certificate, agreement or document related to this
                      Supplemental Indenture shall include images of manually executed signatures transmitted by facsimile or other electronic format (including, without limitation, “pdf,” “tif” or “jpg”) and other electronic signatures (including, without
                      limitation, DocuSign and AdobeSign). The use of electronic signatures and electronic records (including, without limitation, any contract or other record created, generated, sent, communicated, received or stored by electronic means)
                      shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted by applicable law, including the Federal Electronic
                      Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, and any other applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act or
                      the UCC; notwithstanding anything herein to the contrary, neither the Trustee nor the Collateral Agent is under any obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the
                      Trustee or the Collateral Agent pursuant to reasonable procedures approved by the Trustee or the Collateral Agent, as applicable.

                    

                    

                    Section 4.8.  Headings.  The headings of the Articles and the Sections in this Supplemental Indenture are for convenience of reference only
                      and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof.

                    

                    

                    
                      C-2

                      
                        

                    

                    
                    Section 4.9.  The Trustee and the Collateral Agent.  The Trustee and the Collateral Agent make no representation or
                      warranty as to the validity or sufficiency of this Supplemental Indenture or with respect to the recitals contained herein, all of which recitals are made solely by the other parties hereto.

                     

                    Section 4.10.  Benefits Acknowledged. (a) The Issuer’s assumption of all of the payment obligations under the Notes and the Indenture is
                      subject to the terms and conditions set forth in the Indenture. The Issuer acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Supplemental Indenture
                      and that its assumption of all of the payment obligations under the Notes and the Indenture and the waivers made by them pursuant to this Supplemental Indenture are knowingly made in contemplation of such benefits.

                    

                    

                    (b) Each Guarantor’s Guarantee is subject to the terms and conditions set forth in the Indenture.  Each Guarantor acknowledges that it will receive direct and indirect benefits from
                      the financing arrangements contemplated by the Indenture and this Supplemental Indenture and that the guarantee and waivers made by it pursuant to this Guarantee are knowingly made in contemplation of such benefits.

                     

                    Section 4.11.  Successors.  All agreements of the Issuer and the Guarantors in this Supplemental Indenture shall bind
                      their Successors, except as otherwise provided in this Supplemental Indenture. All agreements of the Trustee and the Collateral Agent in this Supplemental Indenture shall bind its successors.

                     

                    Section 4.12.  Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly amended hereby,
                      the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and
                      every Holder heretofore or hereafter authenticated and delivered shall be bound hereby.

                    

                    

                    
                      C-3

                      
                        

                    

                    IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first above written.

                     

                    	 	
                            [                                                      ]

                          
	
                            

                            

                          	as Issuer

                    

                    

                    	By:	 
	

                          	 
	

                          	 
	 	 	
                            Name:

                          
	 	 	
                            Title:

                          

                    

                    

                    	 	
                            [GUARANTOR],

                          
	 	
                            as a Guarantor

                          
	 	 	 
	 	
                            By:

                          	

                          
	 	 	
                            Name:

                          
	 	 	
                            Title:

                          

                     

                    
                      [Signature Page to Supplemental Indenture]

                    

                    
                      
                        

                    

                    	 	
                            WILMINGTON TRUST, NATIONAL ASSOCIATION,

                          
	 	
                            as Trustee

                          
	 	 
	 	
                            By:

                          	

                          
	 	 	
                            Name:

                          
	 	 	
                            Title:

                          

                    

                    

                    	 	
                            JP MORGAN CHASE BANK, N.A.,

                          
	 	
                            as Collateral Agent

                          
	 	 
	 	
                            By:

                          	

                          
	 	 	
                            Name:

                          
	 	 	
                            Title:

                          

                     

                     [Signature Page to Supplemental Indenture]

                     

                    

                    
                      
                        

                    

                    
                      EXHIBIT D

                       

                      Form of Special Mandatory Redemption Notice

                       

                      NOTICE OF SPECIAL MANDATORY FULL REDEMPTION

                      TO THE HOLDERS OF

                      5.875% FIRST LIEN SECURED NOTES DUE 2027

                       

                      FRONTIER COMMUNICATIONS CORPORATION

                       

                      (CUSIP No. 35906A BE7 / U3144Q AK6)

                       

                      NOTICE IS HEREBY GIVEN that Frontier Communications Corporation, a debtor and debtor-in-possession in a case pending under chapter 11 of the Bankruptcy Code (the “Issuer”), pursuant to the
                        Indenture, dated as of October 8, 2020 (the “Indenture”), among the Issuer, Wilmington Trust, National Association, as trustee (in such capacity, the “Trustee”) and JPMorgan Chase Bank, N.A., as collateral agent, shall
                        redeem all of its outstanding 5.875% First Lien Secured Notes due 2027 (the “Notes”) on [                    ], 202[  ] (the “Special Mandatory Redemption Date”) pursuant to Section 5.9 of the Indenture.  The
                        redemption price for each Note will be $1,000 per $1,000 principal amount thereof, plus accrued and unpaid interest thereon from the Issue Date to, but excluding, the Special Mandatory Redemption Date (the “Special Mandatory
                          Redemption Price”).  Capitalized terms used herein (but otherwise not defined) shall have such meanings as set forth in the Indenture.

                       

                      The Indenture provides that upon the deposit of funds sufficient to pay the Special Mandatory Redemption Price in respect of the Notes to be redeemed on the Special Mandatory Redemption Date with the
                        Trustee prior to 11:00 a.m. New York City time on such date, interest will cease to accrue on the Notes.

                       

                      In order to receive the redemption payment, the Notes called for redemption must be surrendered for payment at the following location of Wilmington Trust, National Association, the Trustee and Paying
                        Agent. Notes to be redeemed must be surrendered for payment: (a) in book-entry form by transferring the Notes to be redeemed to the Trustee’s account at The Depository Trust Company (“DTC”) in accordance with DTC’s
                        procedures; or (b) by delivering the Notes to be redeemed to the Trustee at:

                       

                      Wilmington Trust, National Association

                      Global Capital Markets

                      1100 North Market Street

                      Wilmington, Delaware 19890

                      Attention:  Work Flow Management - 5th Floor

                       

                      The method of delivery of the Notes is at the election and risk of the Holder. If delivered by mail, certified or registered mail, properly insured, is recommended.

                       

                      No representation is being made as to the correctness of the CUSIP numbers either as printed on the Notes or as contained in this notice. Holders should rely only on the other identification numbers
                        printed on the Notes.

                       

                      IMPORTANT NOTICE

                       

                      For holders of Notes who have not established an exemption, payments made upon the redemption of the Notes may be subject to U.S. federal withholding of 24% of the payments to be made, as and to the
                        extent required by the provisions of the U.S. Internal Revenue Code. To establish an exemption from such withholding, holders of Notes should submit a completed and signed Internal Revenue Service Form W-9 (or applicable Form W-8)
                        when surrendering their Notes for payment.

                       

                      
                        	Date: 

                                	[          ], 20[_]
	
                                 

                              	
                                 

                              
	By: 

                                	 FRONTIER COMMUNICATIONS CORPORATIONExhibit 10.1

      

      
         

        

        EXECUTION VERSION

      

       

      

      SENIOR SECURED SUPERPRIORITY DEBTOR-IN-POSSESSION CREDIT AGREEMENT

      

      

      dated as of

      

      

      October 8, 2020

      

      

      among

      

      

      FRONTIER COMMUNICATIONS CORPORATION,

      as a debtor and debtor-in-possession under chapter 11 of the Bankruptcy Code,

      

      

      The Several Lenders

      From Time to Time Parties Hereto,

      

      

      GOLDMAN SACHS BANK USA,

      as Administrative Agent

      

      

      and

      

      

      JPMORGAN CHASE BANK, N.A.,

      as Collateral Agent

      

      

      GOLDMAN SACHS BANK USA,

      JPMORGAN CHASE BANK, N.A.,

      DEUTSCHE BANK SECURITIES INC.,

      BARCLAYS BANK PLC,

      MORGAN STANLEY SENIOR FUNDING, INC.

      AND

      CREDIT SUISSE LOAN FUNDING LLC,

      as Joint Lead Arrangers and Joint Bookrunners

      

      

      
        
          

      

      
      	
              TABLE OF CONTENTS

            
	 
	 	 	
              Page

            
	 	 	 
	
              ARTICLE I

            
	 
	
              DEFINITIONS

            
	 
	
              SECTION 1.01

            	
              Defined Terms

            	
              1

            
	
              SECTION 1.02

            	
              Terms Generally

            	
              42

            
	
              SECTION 1.03

            	
              Accounting Terms; GAAP

            	
              42

              

            
	
              SECTION 1.04

            	
              Divisions

            	
              42

            
	 	 	 
	
              ARTICLE II

            
	 
	
              THE CREDITS

            
	 
	
              SECTION 2.01

            	
              The Commitments

            	
              42

            
	
              SECTION 2.02

            	
              Loans and Borrowings

            	
              43

            
	
              SECTION 2.03

            	
              Requests for Borrowings

            	
              43

            
	
              SECTION 2.04

            	
              Funding of Borrowings

            	
              44

            
	
              SECTION 2.05

            	
              Interest Elections

            	
              45

            
	
              SECTION 2.06

            	
              Termination and Reduction of Commitments

            	
              46

            
	
              SECTION 2.07

            	
              Repayment and Amortization of Loans; Evidence of Debt

            	
              46

            
	
              SECTION 2.08

            	
              Prepayment of Loans

            	
              47

            
	
              SECTION 2.09

            	
              Fees

            	
              48

            
	
              SECTION 2.10

            	
              Interest

            	
              49

            
	
              SECTION 2.11

            	
              Alternate Rate of Interest

            	
              49

            
	
              SECTION 2.12

            	
              Increased Costs; Illegality

            	
              51

            
	
              SECTION 2.13

            	
              Break Funding Payments

            	
              52

            
	
              SECTION 2.14

            	
              Taxes

            	
              53

            
	
              SECTION 2.15

            	
              Payments Generally; Pro Rata Treatment; Sharing of Setoffs

            	
              56

            
	
              SECTION 2.16

            	
              Mitigation Obligations; Replacement of Lenders

            	
              58

            
	
              SECTION 2.17

            	
              Defaulting Lenders

            	
              59

            
	
              SECTION 2.18

            	
              [Reserved]

            	
              61

            
	
              SECTION 2.19

            	
              Conversion to Exit Facility Agreement

            	
              62

            
	
              SECTION 2.20

            	
              [Reserved].

            	
              62

            
	
              SECTION 2.21

            	
              [Reserved]

            	
              62

            
	
              SECTION 2.22

            	
              Letters of Credit

            	
              62

            
	 	 	 
	
              ARTICLE III

            
	 
	
              REPRESENTATIONS AND WARRANTIES

            
	 
	
              SECTION 3.01

            	
              Organization; Powers; Governmental Approvals

            	
              66

            
	
              SECTION 3.02

            	
              Financial Statements

            	
              67

            
	
              SECTION 3.03

            	
              No Material Adverse Effect

            	
              67

            
	
              SECTION 3.04

            	
              Titles to Properties; Possession Under Leases

            	
              68

            
	
              SECTION 3.05

            	
              Ownership of Subsidiaries

            	
              68

            
	
              SECTION 3.06

            	
              Litigation; Compliance with Laws

            	
              68

            
	
              SECTION 3.07

            	
              Agreements

            	
              68

            
	
              SECTION 3.08

            	
              Federal Reserve Regulations

            	
              69

            

      

      

      
        i

        
          

      

      	 	 	
              Page

            
	 	 	 
	
              SECTION 3.09

            	
              Investment Company Act

            	
              69

            
	
              SECTION 3.10

            	
              Use of Proceeds

            	
              69

            
	
              SECTION 3.11

            	
              Tax Returns

            	
              69

            
	
              SECTION 3.12

            	
              No Material Misstatements

            	
              69

            
	
              SECTION 3.13

            	
              Employee Benefit Plans

            	
              69

            
	
              SECTION 3.14

            	
              Insurance

            	70

            
	
              SECTION 3.15

            	
              PATRIOT Act; FCPA; Sanctions, Beneficial Ownership

            	70

            
	
              SECTION 3.16

            	
              Orders

            	70

            
	
              SECTION 3.17

            	
              Status of Obligations; Perfection and Priority of Security Interests

            	
              70

            
	 	 	 
	
              ARTICLE IV

            
	 
	
              CONDITIONS

            
	 
	
              SECTION 4.01

            	
              Conditions to Closing Date

            	
              72

            
	
              SECTION 4.02

            	
              Each Credit Event

            	
              75

            
	 	 	 
	
              ARTICLE V

            
	 
	
              AFFIRMATIVE COVENANTS

            
	 
	
              SECTION 5.01

            	
              Existence; Businesses and Properties

            	
              75

            
	
              SECTION 5.02

            	
              Financial Statements, Reports, Etc.

            	
              76

            
	
              SECTION 5.03

            	
              Litigation and Other Notices

            	
              78

            
	
              SECTION 5.04

            	
              Maintaining Records

            	
              78

            
	
              SECTION 5.05

            	
              Use of Proceeds

            	
              79

            
	
              SECTION 5.06

            	
              Collateral Documents; Additional Guarantors

            	
              79

            
	
              SECTION 5.07

            	
              [reserved]

            	
              80

              

            
	
              SECTION 5.08

            	
              Further Assurances

            	
              80

              

            
	
              SECTION 5.09

            	
              Bankruptcy Matters

            	
              80

              

            
	 	 	 
	
              ARTICLE VI

            
	 
	
              NEGATIVE COVENANTS

            
	 
	
              SECTION 6.01

            	
              Liens; Restrictions on Sales of Receivables

            	
              81

            
	
              SECTION 6.02

            	
              [Reserved]

            	
              82

            
	
              SECTION 6.03

            	
              Asset Sales

            	
              82

            
	
              SECTION 6.04

            	
              Mergers

            	
              82

            
	
              SECTION 6.05

            	
              Dividends and Payment Restrictions

            	
              83

            
	
              SECTION 6.06

            	
              Transactions with Affiliates

            	
              83

            
	
              SECTION 6.07

            	
              [Reserved]

            	
              83

            
	
              SECTION 6.08

            	
              Indebtedness; Subsidiary Indebtedness

            	
              83

            
	
              SECTION 6.09

            	
              Use of Proceeds; Anti-Corruption Laws; Sanctions

            	
              84

            
	
              SECTION 6.10

            	
              Restricted Payments

            	
              85

            
	
              SECTION 6.11

            	
              New Subsidiaries

            	
              87

            

      

      

      
        ii

        
          

      

      	
              Page

            
	 
	
              ARTICLE VII

            
	 
	
              EVENTS OF DEFAULT

            
	 
	
              SECTION 7.01

            	
              Events of Default

            	
              87

            
	 	 	 
	
              ARTICLE VIII

            
	 
	
              AGENCY

            
	 
	
              SECTION 8.01

            	
              Administrative Agent and Collateral Agent

            	
              91

            
	
              SECTION 8.02

            	
              Bookrunners, Etc.

            	
              95

            
	
              SECTION 8.03

            	
              Collateral and Guaranty Matters; Enforcement

            	
              95

            
	
              SECTION 8.04

            	
              Certain ERISA Matters.

            	
              96

            
	 	 	 
	
              ARTICLE IX

            
	 
	
              MISCELLANEOUS

            
	 
	
              SECTION 9.01

            	
              Notices

            	
              97

            
	
              SECTION 9.02

            	
              Waivers; Amendments

            	
              99

            
	
              SECTION 9.03

            	
              Expenses; Indemnity; Damage Waiver

            	
              101

            
	
              SECTION 9.04

            	
              Successors and Assigns

            	
              104

            
	
              SECTION 9.05

            	
              Survival

            	
              107

            
	
              SECTION 9.06

            	
              Counterparts; Integration; Effectiveness; Conflicts; Electronic Execution

            	
              107

            
	
              SECTION 9.07

            	
              Severability

            	
              108

            
	
              SECTION 9.08

            	
              Right of Setoff

            	
              108

            
	
              SECTION 9.09

            	
              Governing Law; Jurisdiction; Etc.

            	
              108

            
	
              SECTION 9.10

            	
              WAIVER OF JURY TRIAL

            	
              109

            
	
              SECTION 9.11

            	
              Headings

            	
              109

            
	
              SECTION 9.12

            	
              Treatment of Certain Information; Confidentiality

            	
              110

            
	
              SECTION 9.13

            	
              No Fiduciary Duty, etc.

            	
              110

            
	
              SECTION 9.14

            	
              USA PATRIOT Act

            	
              111

            
	
              SECTION 9.15

            	
              Acknowledgement and Consent to Bail-In of Affected Financial Institutions

            	
              111

            
	
              SECTION 9.16

            	
              Acknowledgement Regarding Any Supported QFCs

            	
              112

            

      

      

      
        iii

        
          

      

      	
              SCHEDULE 1

            	
              –

            	
              Commitments

            
	
              SCHEDULE 2

            	
              –

            	
              Liens

            
	
              SCHEDULE 3

            	
              –

            	
              [Reserved]

            
	
              SCHEDULE 4

            	
              –

            	
              Guarantors

            
	
              SCHEDULE 5

            	
              –

            	
              Pledged Subsidiaries

            
	
              SCHEDULE 6

            	
              –

            	
              Specified Subsidiaries

            
	
              SCHEDULE 7

            	
              –

            	
              [Reserved]

            
	 	 	 
	
              EXHIBIT A

            	
              –

            	
              Form of Assignment and Assumption

            
	
              EXHIBIT B

            	
              –

            	
              Exit Facility Term Sheet

            
	
              EXHIBIT C

            	
              –

            	
              Form of Pledge Agreement

            
	
              EXHIBIT D

            	
              –

            	
              [Reserved]

            
	
              EXHIBIT E

            	
              –

            	
              Form of Guaranty Agreement

            
	
              EXHIBIT F‐1

            	
              –

            	
              Form of Non-Bank Tax Certificate (For Foreign Lenders That Are Not Partnerships)

            
	
              EXHIBIT F‐2

            	
              –

            	
              Form of Non-Bank Tax Certificate (For Foreign Lenders That Are Partnerships)

            
	
              EXHIBIT F‐3

            	
              –

            	
              Form of Non-Bank Tax Certificate (For Foreign Participants That Are Not Partnerships)

            
	
              EXHIBIT F‐4

            	
              –

            	
              Form of Non-Bank Tax Certificate (For Foreign Participants That Are Partnerships)

            
	
              EXHIBIT G

            	
              –

            	
              Form of Budget

            
	
              EXHIBIT H

            	
              –

            	
              Form of Junior Intercreditor Agreement

            
	
              EXHIBIT I

            	
              –

            	
              Form of Final DIP Order

            

      

      

      
        iv

        
          

      

      
      SENIOR SECURED SUPERPRIORITY DEBTOR-IN-POSSESSION CREDIT AGREEMENT (this “Agreement”) dated as of October 8, 2020, among FRONTIER COMMUNICATIONS CORPORATION, a Delaware corporation and a
        debtor and debtor-in-possession (the “Borrower” or the “Company”) in a case pending under Chapter 11 of the Bankruptcy Code (“Chapter 11”), the LENDERS from time to time party hereto and GOLDMAN SACHS BANK USA, as
        Administrative Agent.  All capitalized terms used herein and defined in Article I are used herein as defined therein.

       

      WHEREAS, on April 14, 2020 (the “Petition Date”), the Borrower and certain of its domestic Subsidiaries (collectively, the “Debtors”) filed voluntary petitions for relief under
        Chapter 11 in the United States Bankruptcy Court for the Southern District of New York (such court, together with any other court having exclusive jurisdiction over any Case from time to time and any Federal appellate court thereof, the “Bankruptcy

          Court”) and commenced cases numbered 20-22476 (RDD) (each such case of a Debtor, a “Case” and, collectively, the “Cases”), and have continued in the possession and operation of their assets and in the management of their
        businesses pursuant to sections 1107 and 1108 of the Bankruptcy Code;

       

      WHEREAS, the Borrower has requested that the Lenders and Issuing Banks extend credit to the Borrower that is automatically convertible into a secured exit facility upon the satisfaction (or waiver)
        of certain conditions in the form of $625,000,000 in aggregate principal amount of Commitments to be made available to the Borrower at any time and from time to time prior to the Maturity Date subject to the terms and conditions set forth herein;
        and

       

      WHEREAS, the Lenders and Issuing Banks are willing to make available to the Borrower such loans and facilities upon the terms and subject to the conditions set forth herein.

       

      ARTICLE I

       

      DEFINITIONS

       

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

       

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

       

      “Acceptable Reorganization Plan” means the Debtors’ Fifth Amended Joint Chapter 11 Plan of Reorganization of Frontier Communications Corporation and Its Debtor Affiliates Pursuant to Chapter
        11 of the Bankruptcy Code, filed August 21, 2020 and confirmed on August 27, 2020, together with any amendments, supplements, or modifications thereto after the Closing Date that are not, taken together, materially adverse to the Lenders, provided that any such amendment, supplement or modification solely to permit the Staggered Emergence shall be deemed not to be materially adverse to the Lenders.

       

      “Adjusted LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, the greater of (x) (i) an interest rate per annum (rounded upward, if necessary, to the nearest
        1/100th of 1%) equal to the LIBO Rate for such Interest Period multiplied by (ii) the Statutory Reserve Rate for such Interest Period and (y) 0.00% per annum.

       

      “Administrative Agent” means Goldman Sachs Bank USA, in its capacity as administrative agent for the Lenders hereunder and its successors in such capacity.

       

      
        1

        
          

      

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

      

       

      

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

       

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

       

      “Agreement” has the meaning assigned to such term in the preamble hereto.

       

      “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the NYFRB Rate in
        effect on such day plus 1⁄2 of 1% and (c) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1%, provided that for the purpose of this
        definition, the Adjusted LIBO Rate for any day shall be based on the LIBO Screen Rate (or if the LIBO Screen Rate is not available for such one month Interest Period, the Interpolated Rate) at approximately 11:00 a.m. London time on such day.  Any
        change in the Alternate Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate,
        respectively.  For the avoidance of doubt, if the Alternate Base Rate as determined pursuant to the foregoing would be less than 0%, such rate shall be deemed to be 0% for purposes of this Agreement.

       

      “Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Borrower and its Subsidiaries from time to time primarily concerning or relating to
        bribery, money laundering or corruption.

       

      “Applicable Amount” means the sum of (which amount may not in any event be less than zero) (A)(x) cumulative Consolidated Adjusted EBITDA for the period from the first day of the first
        fiscal quarter commencing after the Closing Date to the last day of the most recently ended fiscal quarter for which internal financial statements are available preceding the date of the proposed action (which amount if less than zero, shall be
        deemed to be zero for such period) minus (y) 1.4 times Cumulative Interest Expense plus (without duplication), plus (B):

       

      (1)         100% of the aggregate net cash proceeds, and the fair market value of marketable securities or other property or assets other than cash, received by the Borrower from
        the issue or sale (other than to a Subsidiary) of any class of Equity Interests in the Borrower after the Closing Date, other than (A) Disqualified Stock, (B) [reserved] and (C) Refunding Capital Stock to the extent the net cash proceeds therefrom
        are applied as provided for in clause (ii) of Section 6.10(b); plus

       

      (2)        100% of any cash and the fair market value of marketable securities or other property or assets other than cash received by the Borrower as a capital contribution from
        its shareholders after the Closing Date; plus

       

      (3)        100% of the principal amount (or accreted amount (determined in accordance with GAAP), if less) of any Indebtedness, or the liquidation preference or maximum fixed
        repurchase price, as the case may be, of any Disqualified Stock, of the Borrower or any Restricted Subsidiary of the Borrower (other than any such Indebtedness or Disqualified Stock to the extent issued to a Subsidiary of the Borrower), which has
        been converted into or exchanged for Equity Interests in the Borrower (other than Disqualified Stock), in each case, received after the Closing Date; plus

       

      
        2

        
          

      

      (4)           to the extent not already included in Consolidated Adjusted EBITDA, 100% of the aggregate cash proceeds received by the Borrower or any of its Restricted
        Subsidiaries after the Closing Date from Investments, whether through interest payments, principal payments, returns, profits, distributions, income and similar amounts, dividends or other distributions and payments, or the sale or other
        disposition (other than to the Borrower or a Restricted Subsidiary of the Borrower) thereof made by the Borrower and its Restricted Subsidiaries in Persons other than the Borrower or a Restricted Subsidiary in reliance on the Applicable Amount;

       

      less the amount of any Applicable Amount previously applied pursuant to clause 20 of the definition of “Permitted Investments.”

       

      “Applicable Percentage” means, with respect to any Lender, a percentage equal to a fraction, the numerator of which is such Lender’s Commitment and the denominator of which is the aggregate
        Commitment of all Lenders; provided that, in the case of Section 2.17 when a Defaulting Lender shall exist, any such Defaulting Lender’s Commitment or outstanding principal amount of Loans (as applicable) shall be disregarded in the
        calculation.  If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.

       

      “Applicable Rate” means, for any date of determination, (i) with respect to any Eurodollar Loan, 3.25% and (ii) with respect to any ABR Loan, 2.25%.

       

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

       

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

       

      “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, rule, regulation 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).

       

      “Bankruptcy Court” has the meaning assigned to such term in the preamble hereto.

       

      
        3

        
          

      

      “Bankruptcy Event” means, with respect to any Lender, such Lender becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator,
        custodian, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business, appointed for it, or, in the good faith determination of the Administrative Agent, has taken any action in furtherance
        of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment, or become the subject of a Bail-In Action, provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest,
        or the acquisition of any ownership interest, in such Lender by a Governmental Authority or instrumentality thereof, provided that such ownership interest does not result in or provide such Lender or its direct or indirect parent company
        with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority or instrumentality), to reject, repudiate,
        disavow or disaffirm any contracts or agreements made by such Lender.

       

      “Benchmark Replacement” means the sum of: (a) the alternate benchmark rate (which may be a SOFR-Based Rate) that has been selected by the Administrative Agent and the Borrower giving due consideration to (i) any
        selection or recommendation of a replacement rate or the mechanism for determining such a rate by the Relevant Governmental Body and/or (ii) any evolving or then-prevailing market convention for determining a rate of interest as a replacement to
        the Adjusted LIBO Rate for U.S. dollar-denominated syndicated credit facilities and (b) the Benchmark Replacement Adjustment; provided that, if the Benchmark Replacement as so determined would be less than
        zero, the Benchmark Replacement will be deemed to be zero for the purposes of this Agreement; provided further that any such Benchmark Replacement shall be administratively feasible as determined by the
        Administrative Agent in its sole discretion.

       

      “Benchmark Replacement Adjustment” means, with respect to any replacement of  Adjusted LIBO Rate with an Unadjusted Benchmark Replacement for each applicable Interest Period, the spread adjustment, or method for
        calculating or determining such spread adjustment, (which may be a positive or negative value or zero), if any, that has been selected by the Administrative Agent and the Borrower giving due consideration to (i) any selection or recommendation of a
        spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the Adjusted LIBO Rate with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body and/or (ii) any evolving or
        then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the Adjusted LIBO Rate with the applicable Unadjusted Benchmark Replacement for U.S.
        dollar-denominated syndicated credit facilities at such time (for the avoidance of doubt, such Benchmark Replacement Adjustment shall not be in the form of a reduction to the Applicable Rate).

       

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

       

      
        4

        
          

      

      
        “Benchmark Replacement Date” means the earlier to occur of the following events with respect to the Adjusted LIBO Rate:

      

       

      

      (1)           in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on
        which the administrator of the Adjusted LIBO Rate permanently or indefinitely ceases to provide the Adjusted LIBO Rate; or

       

      (2)          in the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the public statement or publication of information referenced therein.

       

      “Benchmark Transition Event” means the occurrence of one or more of the following events with respect to the Adjusted LIBO Rate:

       

      (1)           a public statement or publication of information by or on behalf of the administrator of the Adjusted LIBO Rate announcing that such administrator has ceased or will cease to provide the Adjusted LIBO
        Rate, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the Adjusted LIBO Rate;

       

      (2)           a public statement or publication of information by the regulatory supervisor for the administrator of the Adjusted LIBO Rate, the U.S. Federal Reserve System, an insolvency official with jurisdiction
        over the administrator for the Adjusted LIBO Rate, a resolution authority with jurisdiction over the administrator for the Adjusted LIBO Rate or a court or an entity with similar insolvency or resolution authority over the administrator for the
        Adjusted LIBO Rate, in each case which states that the administrator of the Adjusted LIBO Rate has ceased or will cease to provide the Adjusted LIBO Rate permanently or indefinitely, provided that, at the time of such statement or publication,
        there is no successor administrator that will continue to provide the Adjusted LIBO Rate; and/or

       

      (3)           a public statement or publication of information by the regulatory supervisor for the administrator of the Adjusted LIBO Rate announcing that the Adjusted LIBO Rate is no longer representative.

       

      “Benchmark Transition Start Date” means (a) in the case of a Benchmark Transition Event, the earlier of (i) the applicable Benchmark Replacement Date and (ii) if such Benchmark Transition Event is a public
        statement or publication of information of a prospective event, the 90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days
        after such statement or publication, the date of such statement or publication) and (b) in the case of an Early Opt-in Election, the date specified by the Administrative Agent or the Borrower, as applicable, by notice to the Borrower, the
        Administrative Agent and the Lenders, as applicable.

       

      “Benchmark Unavailability Period” means, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the Adjusted LIBO Rate and solely to the
        extent that the Adjusted LIBO Rate has not been replaced with a Benchmark Replacement, the period (x) beginning at the time that such Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced the Adjusted LIBO
        Rate for all purposes hereunder in accordance with Section 2.11(b) and (y) ending at the time that a Benchmark Replacement has replaced the Adjusted LIBO Rate for all purposes hereunder pursuant to Section 2.11(b).

       

      “Beneficial Ownership Certification” means a certification regarding beneficial ownership or control as required by the Beneficial Ownership Regulation.

       

      “Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230.

       

      
        5

        
          

      

      “Benefit Plan” means any of (a) an “employee benefit plan” (as defined in Section 3(3) of ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code to
        which Section 4975 of the Code applies, and (c) any Person whose assets include (for purposes of the Plan Asset Regulations or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets 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” means the Board of Governors of the Federal Reserve System of the United States of America.

       

      “Borrower” has the meaning assigned to such term in the preamble hereto.

       

      “Borrowing” means (a) all ABR Loans of the same Class made or converted on the same date or (b) Eurodollar Loans of the same Class that have the same Interest Period.

       

      “Borrowing Approvals” has the meaning assigned to such term in Section 3.01(d).

       

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

       

      “Budget” means a projected statement of sources and uses of cash for the Borrower and the other Debtors for the following 13 calendar weeks, including the anticipated uses of the Revolving Facility for each week
        during such period, in substantially the form of Exhibit G hereto; it being understood and agreed that, as used herein, the “Budget” shall initially refer to the initial 13-week projection delivered in accordance with Section 4.01(p)
        and thereafter shall refer to the most recent 13-week-projection delivered by the Borrower for the most recent 4-week period in accordance with Section 5.02(g).

       

      “Business Day” means any day (a) that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed and (b) if such day
        relates to a borrowing, a continuation or conversion of or into, or the Interest Period for, a Eurodollar Borrowing, or to a notice by the Borrower with respect to any such borrowing, payment, prepayment, continuation, conversion, or Interest
        Period, that is also a day on which dealings in Dollar deposits are carried out in the London interbank market.

       

      “Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or
        personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP (subject to Section 1.03) and, for the purposes of this Agreement, the
        amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP. Notwithstanding the foregoing or anything else in this Agreement to the contrary, all obligations of any Person that are
        or would have been treated as operating leases for purposes of GAAP as of December 31, 2018 shall continue to be accounted for as operating leases for purposes of all financial definitions and calculations for purpose of this Agreement (whether or
        not such operating lease obligations were in effect on such date) notwithstanding any change in GAAP (including the issuance by the Financial Accounting Standards Board on February 25, 2016 of an Accounting Standards Update) following such date
        that would otherwise require such obligations to be recharacterized (on a prospective or retroactive basis or otherwise) as Capital Lease Obligations.

       

      
        6

        
          

      

      “Capital Stock” means:

       

      (1)          in the case of a corporation, corporate stock;

       

      (2)         in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock;

       

      (3)          in the case of a partnership or limited liability company, partnership or membership interests (whether general or limited); and

       

      (4)          any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing
        Person.

       

      “Carve-Out” has the meaning set forth in the Final DIP Order.

       

      “Carve-Out Reserve Amount” as of any date, means the amount most recently notified by the Borrower to the Administrative Agent as being the “Carve-Out Availability Reserve Amount” as defined
        in the Final DIP Order.

       

      “Carve Out Trigger Notice” has the meaning set forth in the Final DIP Order.

       

      “Cases” has the meaning assigned to such term in the preamble hereto.

       

      “Cash Equivalents” means any of the following:

       

      (1)          securities or obligations issued or unconditionally guaranteed by the United States government or any agency or instrumentality thereof, in each case having
        maturities of not more than 24 months from the date of acquisition thereof;

       

      (2)          securities or obligations issued by any state of the United States of America, or any political subdivision of any such state, or any public instrumentality thereof,
        having maturities of not more than 24 months from the date of acquisition thereof and, at the time of acquisition, having an investment grade rating generally obtainable from either S&P or Moody’s (or, if at any time neither S&P nor Moody’s
        shall be rating such obligations, then from another nationally recognized rating service);

       

      (3)           commercial paper issued by any Lender, any “Lender” under the Prepetition Credit Agreement or any bank holding company owning any such Lender;

       

      (4)          commercial paper maturing no more than 12 months after the date of creation thereof and, at the time of acquisition, having a rating of at least A-2 or P-2 from
        either S&P or Moody’s (or, if at any time neither S&P nor Moody’s shall be rating such obligations, an equivalent rating from another nationally recognized rating service);

       

      (5)         domestic and LIBOR certificates of deposit or bankers’ acceptances maturing no more than two years after the date of acquisition thereof issued by any Lender, any
        “Lender” under the Prepetition Credit Agreement or any other bank having combined capital and surplus of not less than $250.0 million in the case of domestic banks and $100.0 million in the case of foreign banks;

       

      
        7

        
          

      

      (6)          auction rate securities rated at least Aa3 by Moody’s and AA- by S&P (or, if at any time either S&P or Moody’s shall not be rating such obligations, an
        equivalent rating from another nationally recognized rating service);

       

      (7)           repurchase agreements with a term of not more than 30 days for underlying securities of the type described in clauses (1), (2) and (5) above entered into with any
        bank meeting the qualifications specified in clause (5) above or securities dealers of recognized national standing;

       

      (8)         repurchase obligations with respect to any security that is a direct obligation or fully guaranteed as to both credit and timeliness by the government of the United
        States or any agency or instrumentality thereof, the obligations of which are backed by the full faith and credit of the government of the United States;

       

      (9)          marketable short-term money market and similar funds (x) either having assets in excess of $250.0 million or (y) having a rating of at least A-2 or P-2 from either
        S&P or Moody’s (or, if at any time neither S&P nor Moody’s shall be rating such obligations, an equivalent rating from another nationally recognized rating service in the United States);

       

      (10)       shares of investment companies that are registered under the Investment Company Act of 1940 and 95% the investments of which are one or more of the types of securities
        described in clauses (1) through (9) above; and

       

      (11)        in the case of investments by the Borrower or any Subsidiary organized or located in a jurisdiction other than the United States (or any political subdivision or
        territory thereof), or in the case of investments made in a country outside the United States of America, other customarily utilized high-quality investments in the country where such Subsidiary is organized or located or in which such investment
        is made, all as reasonably determined in good faith by the Borrower.

       

      “Cash Management Order” has the meaning assigned to such term in Section 4.01(s).

       

      “CFC” means a “controlled foreign corporation” within the meaning of section 957(a) of the Code (or any successor provision thereto).

       

      A “Change in Control” shall be deemed to have occurred if any Person or group (within the meaning of Rule 13d-5 of the Exchange Act) shall own directly or indirectly, beneficially or of
        record, shares representing more than 50% of the aggregate ordinary voting power represented by the issued and outstanding capital stock of the Borrower. Notwithstanding anything to the contrary, in no event shall a Change in Control be deemed to
        occur as a result of or in connection with the Transactions.

       

      “Change in Law” means (a) the adoption of any law, rule or regulation after the Closing Date, (b) any change in any law, rule or regulation or in the interpretation or application thereof by
        any Governmental Authority after the Closing Date or (c) compliance by any Lender or any Issuing Bank (or, for purposes of Section 2.12(b), by any lending office of such Lender or by such Lender’s or such Issuing Bank’s holding company, if any)
        with any request, guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after the Closing Date; provided that, notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall
        Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder, issued in connection therewith or in implementation thereof, and (ii) all requests, rules, guidelines and 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 relating to Basel III, shall in the case of each of the foregoing
        clauses (i) and (ii), be deemed to be a “Change in Law,” regardless of the date enacted, adopted, issued or implemented.

       

      
        8

        
          

      

      “Chapter 11” has the meaning assigned to such term in the preamble hereto.

       

      “Class” means the Loans and the Commitments. There is one Class of Loans and Commitments permitted under this Agreement.

       

      “Closing Date” means the first date on which the conditions precedent set forth in Section 4.01 are satisfied (or waived by each Lender hereto).

       

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

       

      “Collateral” means all the “Collateral” and “Pledged Collateral” (or equivalent terms) as defined in any Collateral Document and any and all other property, now existing or hereafter
        acquired, that may at any time be or become subject (or purported to be subject) to a security interest or Lien to secure the Secured Obligations; provided that Collateral shall exclude claims and causes of action under sections 502, 510,
        542, 544, 545, 547-553, and 724(a) of the Bankruptcy Code or under similar or related local, state, federal or foreign statutes and common law, including fraudulent transfer laws but include, subject to the entry of the Final DIP Order by the
        Bankruptcy Court, the proceeds thereof.  As of the Closing Date, Collateral shall be limited to the “Collateral” granted pursuant to the Security Agreement, “Pledged Collateral” granted pursuant to the Pledge Agreement and substantially all
        unencumbered assets and properties of the Borrower and Frontier Communications of Iowa, LLC, subject to customary exceptions, on which Liens are granted pursuant to the Final DIP Order.

       

      “Collateral Agent” means JPMorgan Chase Bank, N.A, in its capacity as collateral agent for the Secured Parties hereunder and its successors in such capacity.

       

      “Collateral and Guarantee Requirement” means the requirement that the Administrative Agent shall have received (or, in the case of clause (d) below, the Collateral Agent (or the “Collateral
        Agent” under and as defined in the Prepetition Credit Agreement for the benefit of the Agent and the Lenders hereunder)):

       

      (a)          a duly executed and delivered counterpart of the Pledge Agreement from the Pledgor;

       

      (b)          a duly executed and delivered counterpart of the Security Agreement from the Grantor;

       

      (c)          a duly executed and delivered counterpart of the Guaranty Agreement from each of the Guarantors;

       

      (d)        the certificates or instruments evidencing the issued and outstanding equity interests of the Pledged Subsidiaries and, to the extent required by the applicable
        Collateral Document, all certificates, agreements, acknowledgments or instruments representing, evidencing or acknowledging the Collateral accompanied by instruments of transfer and stock powers undated and endorsed in blank;

       

      
        9

        
          

      

      (e)          UCC financing statements in appropriate form for filing under the UCC and such other documents reasonably requested by the Administrative Agent as may be necessary
        or appropriate or, in the opinion of the Administrative Agent, desirable to perfect the Liens created or purported to be created by the Collateral Documents; and

       

      (f)         the Collateral Agent shall have a valid and perfected first priority (subject to Liens permitted hereunder and Permitted Prior Liens) security interest, for the
        benefit of the Secured Parties, in (i) on the Closing Date and at all times thereafter, all issued and outstanding equity interests of the Pledged Subsidiaries and the other Collateral and (ii) after the Closing Date, all other assets that are
        required from time to time to be subject to a Lien securing the Obligations pursuant to the terms of Section 5.06 hereof or the relevant Collateral Documents, in any such case, except to the extent such security interest has been released in
        accordance with the terms of this Agreement or the applicable Collateral Document(s).

       

      “Collateral Documents” means, collectively, the Pledge Agreement, the Security Agreement (upon execution and delivery thereof), the Final DIP Order and all other agreements, instruments and
        documents executed in connection with this Agreement that are intended to create, perfect or evidence Liens to secure the Secured Obligations, including, without limitation, all other security agreements, pledge agreements, loan agreements, notes,
        guarantees, pledges, powers of attorney, consents, assignments, contracts, fee letters, notices, financing statements and all other written matter whether heretofore, now or hereafter executed by the Borrower or any of its Subsidiaries and
        delivered to the Administrative Agent.

       

      “Commitment” means, with respect to any Lender, such Lender’s commitment to make Loans and to acquire participations in Letters of Credit hereunder, expressed as an amount representing the
        maximum aggregate amount of such Lender’s Revolving Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.06 and (b) reduced or increased from time to time pursuant to assignments by or to such
        Lender pursuant to Section 9.04.  The initial amount of each Lender’s Commitment is set forth on Schedule 1 under the heading “Commitments” or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Commitment,
        as applicable.  The aggregate amount of Commitments of all Lenders shall be $625,000,000.00 immediately following the Closing Date.

       

      “Commodity Agreement” means any forward contract, commodity swap agreement, commodity option agreement or other similar agreement or arrangement.

       

      “Companies” has the meaning assigned to such term in Section 5.02(a).

       

      “Competitor” has the meaning assigned to such term in the definition of “Disqualified Lender.”

       

      “Compounded SOFR” means the compounded average of SOFRs for the applicable Corresponding Tenor, with the rate, or methodology for this rate, and conventions for this rate (which may include compounding in
        arrears with a lookback and/or suspension period as a mechanism to determine the interest amount payable prior to the end of each Interest Period) being established by the Administrative Agent in accordance with:

       

      (1)         the rate, or methodology for this rate, and conventions for this rate selected or recommended by the Relevant Governmental Body for determining compounded SOFR; provided
        that:

       

      
        10

        
          

      

      (2)         if, and to the extent that, the Administrative Agent determines that Compounded SOFR cannot be determined in accordance with clause (1) above, then the rate, or methodology for this rate, and conventions
        for this rate that the Administrative Agent determines in its reasonable discretion are substantially consistent with any evolving or then-prevailing market convention for determining compounded SOFR for U.S. dollar-denominated syndicated credit
        facilities at such time;

       

      provided, further, that if the Administrative Agent decides that any such rate, methodology or convention
        determined in accordance with clause (1) or clause (2) is not administratively feasible for the Administrative Agent, then Compounded SOFR will be deemed unable to be determined for purposes of the definition of “Benchmark Replacement.”

       

      “Confirmation Order” means an order of the Bankruptcy Court entered in the Cases pursuant to section 1129 of the Bankruptcy Code, which order (x) shall confirm an Acceptable Reorganization
        Plan, be a Final Order and otherwise be in form and substance reasonably satisfactory to the Administrative Agent and the Required Lenders, together with all extensions, modifications, and amendments thereto, also in form and substance reasonably
        satisfactory to the Administrative Agent and the Required Lenders and (y) (i) if the Revolving Facility converts to the Exit Facility, shall authorize and approve the extensions of credit under the Exit Facility Credit Agreement and the performance
        of the Borrower’s (or the entity assuming and/or acquiring directly or indirectly the operations and assets of the Borrower in the Acceptable Reorganization Plan) and Guarantors’ obligations thereunder, authorize a pro forma capital structure that
        satisfies the conditions precedent to the occurrence of the Conversion Date and otherwise satisfies all other conditions to the Conversion Date or (ii) if the Revolving Facility is to be repaid in cash, shall authorize and approve such repayment,
        any financing the proceeds of which will be used to fund such repayment, and the termination in full of all outstanding commitments under the Revolving Facility.

       

      “Consolidated Adjusted EBITDA” means the Consolidated EBITDA limited to that of the Borrower and its Restricted Subsidiaries; provided that solely for purposes of the calculation of
        “Applicable Amount,” historical results of the entity, divisions or lines or assets so acquired will only be included for periods prior to the date such Material Transaction has been consummated in the Borrower’s sole discretion.

       

      “Consolidated EBITDA” means, with respect to the Borrower and its Subsidiaries for any period, the sum of (i) operating income for such period, plus (ii) to the extent resulting in
        reductions in such operating income for such period, (a) depreciation and amortization expense for such period and (b) the amount of non-cash charges for such period, plus (iii) charges for severance, restructuring and acquisition (including
        acquisition integration) costs, including, without limitation, restructuring-related or other similar charges, fees, costs, commissions and expenses or other charges incurred during such period in connection with this Agreement, the other Loan
        Documents, the Revolving Facility, the Cases, any reorganization plan in connection with the Cases, the Exit Facility Agreement (or any exit credit facilities in lieu or in addition thereof), and any and all transactions contemplated by the
        foregoing, including the write-off of any receivables, the termination or settlement of executory contracts, professional and accounting costs fees and expenses, management incentive, employee retention or similar plans (in each case to the extent
        such plan is approved by the Bankruptcy Court to the extent required), litigation costs and settlements, asset write-downs, income and gains recorded in connection with the corporate reorganization of the Debtors and their Subsidiaries, plus (iv)
        cost savings, operating expense reductions, other operating improvements and initiatives and synergies related to any Material Transaction that are (a) permitted under Regulation S‐X of the SEC or (b) projected by a Financial Officer in good faith
        to be reasonably anticipated to be realizable within eighteen (18) months of the date of such Material Transaction (which will be added to Consolidated EBITDA as so projected until fully realized, and calculated on a Pro Forma Basis, as though such
        cost savings, operating expense reductions, other operating improvements and initiatives and synergies had been realized on the first day of such period), net of the amount of actual benefits realized during such period from such actions; provided
        that, with respect to this clause (iv)(b), such cost savings, operating expense reductions, other operating improvements and initiatives or synergies are reasonably identifiable and factually supportable (in the good faith determination of a
        Financial Officer of the Borrower); provided, further, that the aggregate amount of cost savings, operating expense reductions, other operating improvements and initiatives and synergies related to any Material Transaction added back pursuant to
        this clause (iv)(b) or the definition of “Pro Forma Basis” (that are not permitted under Regulation S‐X of the SEC) in any period of four consecutive fiscal quarters shall not exceed 20% of Consolidated EBITDA calculated prior to giving effect to
        such add-backs added back pursuant to this clause (iv)(b) for such period, minus (v) to the extent resulting in increases in such operating income for such period, the non-cash gains for such period, all determined on a consolidated basis in
        accordance with GAAP.  For any period of calculation, “Consolidated EBITDA” shall be calculated on a Pro Forma Basis. Notwithstanding anything herein to the contrary, “Consolidated EBITDA” shall be calculated without giving effect to the impact, if
        any, of adjustments pursuant to GAAP resulting from the application of fresh start accounting.

       

      
        11

        
          

      

      As used in this definition, “Material Transaction” means any acquisition or disposition outside the ordinary course of business of any property or assets that (x) constitute assets comprising all
        or substantially all of an operating unit of a business or equity interests of a Person representing a majority of the ordinary voting power or economic interests in such Person that are represented by all its outstanding capital stock and (y)
        involves aggregate consideration in excess of $50,000,000.

       

      “Consolidated Interest Expense” means, for any period, the cash interest expense (including that attributable to Capital Lease Obligations in accordance with GAAP), net of cash interest
        income, of the Borrower and its Restricted Subsidiaries on a consolidated basis with respect to all outstanding Indebtedness of the Borrower and its Restricted Subsidiaries, including all commissions, discounts and other fees and charges owed with
        respect to letters of credit and bankers’ acceptance financing and all income or costs under Swap Contracts (other than currency swap agreements, currency future or option contracts and other similar agreements unrelated to interest expense) and
        any cash dividends paid on any Disqualified Stock, amortization of deferred financing costs and any other amounts of noncash interest, all as calculated on a consolidated basis in accordance with GAAP and excluding, for avoidance of any doubt, any
        interest in respect of items excluded from Indebtedness in the proviso to the definition thereof.  Notwithstanding the foregoing, if any lease or other liability is reclassified as Indebtedness or as a Capital Lease Obligation due to a change in
        accounting principles or the application thereof after September 25, 2015, the interest component of all payments associated with such lease or other liability shall be excluded from Consolidated Interest Expense to the extent excluded prior to
        such change.

       

      “Consolidated Tangible Assets” means, for any Person, total assets of such Person and its consolidated Subsidiaries, determined on a consolidated basis, less goodwill, patents, trademarks
        and other assets classified as intangible assets in accordance with GAAP.

       

      “Consolidated Total Assets” means the total assets of the Borrower and its Restricted Subsidiaries, as shown on the most recent consolidated balance sheet of the Borrower and its Restricted
        Subsidiaries delivered pursuant to Section 5.02(a) or (b), in conformity with GAAP (on a pro forma basis to give effect to any acquisition or disposition on or prior to the date of determination).

       

      “Consummation Date” means the date of the substantial consummation (as defined in Section 1101 of the Bankruptcy Code) of a Reorganization Plan that is confirmed pursuant to an order of the
        Bankruptcy Court; provided, that for purposes hereof the Consummation Date of the Reorganization Plan shall be no later than the “effective date” thereof.

       

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

       

      “Conversion Date” means the date upon which each of the conditions precedent to effectiveness of the Exit Facility Agreement set forth in the Exit Facility Term Sheet shall have been
        satisfied or waived.

       

      “Corporate Reorganization” means the corporate reorganization as a result of which New Frontier Borrower will be a wholly-owned, indirect Subsidiary of Reorganized Frontier, New Frontier
        Borrower will assume the obligations of the Company under the Loan Documents and Reorganized Frontier will hold, directly or indirectly, substantially all of the assets and operations of the Company as of immediately prior to such corporate
        reorganization (provided that, for the avoidance of doubt, if the Company undertakes the Staggered Emergence, the Designated Entities shall not be held by New Frontier Borrower as of the Conversion Date).

       

      “Corresponding Tenor” with respect to a Benchmark Replacement means a tenor (including overnight) having approximately the same length (disregarding business day adjustment) as the
        applicable tenor for the applicable Interest Period with respect to the Adjusted LIBO Rate.

       

      “Cumulative Interest Expense” means, in respect of any Restricted Payment, the sum of the aggregate amount of Consolidated Interest Expense of the Borrower and its Restricted Subsidiaries
        for the period from and after the first day of the first fiscal quarter commencing after the Closing Date, to the most recently ended fiscal quarter for which internal financial statements are available preceding the proposed Restricted Payment.

       

      “Currency Agreement” means any foreign exchange contract, currency swap agreement or other similar agreement or arrangement.

       

      “Debtor Relief Laws” means (i) the Bankruptcy Code of the United States of America, as now or hereafter in effect, or any successor thereto, (ii) any domestic or foreign law relating to
        liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, debt adjustment, receivership or similar debtor relief from time to time in effect and affecting
        the rights of creditors generally (including without limitation any plan of arrangement provisions of applicable corporation statutes), and (iii) any order made by a court of competent jurisdiction in respect of any of the foregoing.

       

      “Debtors” has the meaning assigned to such term in the preamble hereto.

       

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

       

      “Defaulting Lender” means any Lender (a) that has failed to fund any portion of its Loans or participations in Letters of Credit within two Business Days of the date required to be funded by
        it hereunder, unless, in each case, such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of Lender’s good faith determination that a condition precedent to funding (specifically identified and
        supported by facts) has not been satisfied, (b) that has notified the Borrower, the Administrative Agent, any Issuing Bank or any Lender in writing that it does not intend to comply with any of its funding obligations under this Agreement or has
        made a public statement to the effect that it does not intend to comply with its funding obligations under this Agreement, (c) that has failed, within three 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 the terms of this Agreement relating to its obligations to fund prospective Loans and participations in then outstanding Letters of Credit, unless such failure is the
        result of a good faith determination that a condition precedent to funding (specifically identified and supported by facts) has not been satisfied, (d) that has otherwise failed to pay over to the Administrative Agent or any other Lender any other
        amount (other than a de minimis amount) required to be paid by it hereunder within three Business Days of the date when due, unless the subject of a good faith dispute or (e) if a Bankruptcy Event has occurred with respect to such Lender (or any
        holding company parent of such Lender).

       

      
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      “Designated Entities” means, if the Company elects to undertake the Staggered Emergence, each then direct or indirect Subsidiary of the Company designated as a “Designated Entity” in an
        Officer’s Certificate of the Company on or prior to the Conversion Date and, in each case, together with any successors or assigns, provided that the Consolidated EBITDA of the Designated Entities for the most recently ended four fiscal quarters
        for which consolidated financial statements are available (which may be internal financial statements) immediately preceding the Closing Date shall not exceed $225 million (as calculated in good faith by the Company).

       

      “Disclosed Matters” means any event, circumstance, condition or other matter disclosed in the reports and other documents furnished to or filed with the SEC by the Borrower and that are
        publicly available on or prior to the Closing Date.

       

      “Disqualified Lender” means (a) competitors of the Borrower or any of its Subsidiaries that are in the same or a similar or reasonably related line of business and, in each case, identified
        in an e-mail sent to the Administrative Agent by the Borrower from time to time (each such entity, a “Competitor”) and (b) Affiliates of Competitors to the extent such Affiliates are clearly identifiable (on the basis of the similarity of
        such Affiliate’s name to the name of an entity so identified in writing) or designated in writing to the Administrative Agent from time to time and to the extent such Affiliates are not bona fide debt funds or investment vehicles that are primarily
        engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of business with appropriate information barriers in place; provided, that no such updates to the list
        of Disqualified Lenders (i) shall be deemed effective until the date that is three (3) Business Days after written notice thereof is received by the Administrative Agent and (ii) shall be deemed to retroactively disqualify any parties that have
        previously acquired an assignment or participation interest or any party for which the “trade date” with respect to an assignment or participation interest has occurred in respect of the Loans in compliance with the provisions of this Agreement,
        from continuing to hold or vote such previously acquired assignments and participations or from closing an assignment or participation interest sale for which the “trade date” has previously occurred on the terms set forth herein for Lenders that
        are not Disqualified Lenders.

       

      “Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person which, by its terms, or by the terms of any security into which it is convertible or for which it is
        puttable or exchangeable, or upon the happening of any event, matures or is mandatorily redeemable (other than for Capital Stock that is not Disqualified Stock), other than as a result of a change of control or asset sale, pursuant to a sinking
        fund obligation or otherwise, or is redeemable at the option of the holder thereof (other than for Capital Stock that is not Disqualified Stock) other than as a result of a change of control or asset sale, in whole or in part, in each case prior to
        the date that is 91 days after the earlier of the maturity date of the applicable Class of Loans or Commitments or the date such Loans or Commitments are no longer outstanding; provided, however, that if such Capital Stock is issued
        to any plan for the benefit of employees of the Borrower or its Restricted Subsidiaries or by any such plan to such employees, such Capital Stock shall not constitute Disqualified Stock solely because it may be required to be repurchased by the
        Borrower or its Restricted Subsidiaries in order to satisfy applicable statutory or regulatory obligations.

       

      
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      “Dividing Person” has the meaning assigned to it in the definition of “Division.”

       

      “Division” means the division of the assets, liabilities and/or obligations of a Person (the “Dividing Person”) among two or more Persons (whether pursuant to a “plan of division” or
        similar arrangement), which may or may not include the Dividing Person and pursuant to which the Dividing Person may or may not survive.

       

      “Division Successor” means any Person that, upon the consummation of a Division of a Dividing Person, holds all or any portion of the assets, liabilities and/or obligations previously held
        by such Dividing Person immediately prior to the consummation of such Division.  A Dividing Person which retains any of its assets, liabilities and/or obligations after a Division shall be deemed a Division Successor upon the occurrence of such
        Division.

       

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

       

      “Early Opt-in Election” means the occurrence of:

       

      (1)          (i) a determination by the Administrative Agent or (ii) a notification by the Required Lenders to the Administrative Agent (with a copy to the Borrower) that the Required Lenders have determined that U.S.
        dollar-denominated syndicated credit facilities being executed at such time, or that include language similar to that contained in Section 2.11(b), are being executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate
        to replace the Adjusted LIBO Rate, and

       

      (2)         (i) the election by the Administrative Agent or (ii) the election by the Required Lenders to declare that an Early Opt-in Election has occurred and the provision, as applicable, by the
        Administrative Agent of written notice of such election to the Borrower and the Lenders or by the Required Lenders of written notice of such election to the Administrative Agent.

       

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

       

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

       

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

       

      “Electronic Signature” means an electronic sound, symbol, or process attached to, or associated with, a contract or other record and adopted by a person with the intent to sign, authenticate
        or accept such contract or record.

       

      
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      “Environmental Laws” means all national, federal, state, provincial, municipal or local laws, statutes, ordinances, orders, judgments, decrees, injunctions, writs, policies and guidelines
        (having the force of law), directives, approvals, notices, rules and regulations and other applicable laws relating to environmental or occupational health and safety matters, including those relating to the Release or threatened Release of
        Specified Substances and to the generation, use, storage or transportation of Specified Substances, each as in effect as of the date of determination.

       

      “ERISA” means the Employee Retirement Income Security Act of 1974 and the regulations promulgated and the rulings issued thereunder.

       

      “ERISA Affiliate” means each trade or business (whether or not incorporated) which together with the Borrower or a Subsidiary of the Borrower would be deemed to be a “single employer” within
        the meaning of Section 4001(b)(1) of ERISA or Section 414 of the Code.

       

      “ERISA Termination Event” means (i) a “Reportable Event” described in Section 4043 of ERISA (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under
        such regulations), or (ii) the withdrawal of the Borrower or any ERISA Affiliate from a Plan during a plan year in which it was a “substantial employer” as defined in Section 4001(a)(2) of ERISA, or (iii) the filing of a notice of intent to
        terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceeding to terminate a Plan by the PBGC, or (v) any other event or condition which might constitute grounds under
        Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan, or (vi) the incurrence by the Borrower or any ERISA Affiliate of any liability under Title IV of ERISA (other than non-delinquent premiums
        payable to the PBGC under Sections 4006 and 4007 of ERISA).

       

      “Equity Interests” means Capital Stock and all warrants, options or other rights to acquire Capital Stock, but excluding any debt security that is convertible into, or exchangeable for, Capital Stock.

       

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

       

      “Event of Default” has the meaning assigned to such term in Section 7.01.

       

      “Exchange Act” means the Securities and Exchange Act of 1934, as amended.

       

      “Excluded Subsidiary” means any of the following:

       

      (a)          each Immaterial Subsidiary,

       

      (b)          each Subsidiary that is not a wholly-owned Subsidiary (for so long as such Subsidiary remains a non-wholly owned Subsidiary),

       

      (c)          each domestic Subsidiary to the extent that (i) in the case of a Guarantee, (x) such Subsidiary is prohibited from Guaranteeing the Secured Obligations by any
        applicable law or (y) any such Guarantee would require consent, approval, license or authorization of a Governmental Authority (unless such consent, approval, license or authorization has been received) or (ii) in the case of providing Pledged
        Collateral, (x) such Subsidiary  is prohibited from granting Liens on its assets to secure the Secured Obligations by any applicable law or (y) any such grant of security would require consent, approval, license or authorization of a Governmental
        Authority (unless such consent, approval, license or authorization has been received),

       

      
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      (d)         each domestic Subsidiary to the extent that (i) in the case of a Guarantee, such Subsidiary is prohibited by any applicable contractual requirement (not created in
        contemplation of the consummation of this restriction) from Guaranteeing the Secured Obligations on the Closing Date or at the time such Subsidiary becomes a Subsidiary or (ii) in the case of providing Pledged Collateral, such Subsidiary is
        prohibited by any applicable contractual requirement (not created in contemplation of the consummation of this restriction) from granting Liens on its assets to secure the Secured Obligations on the Closing Date or at the time such Subsidiary
        becomes a Subsidiary,

       

      (e)          any Foreign Subsidiary,

       

      (f)          any domestic Subsidiary (i) that is a FSHCO or (ii) that is a Subsidiary of a Foreign Subsidiary that is a CFC,

       

      (g)          in the case of a Guarantee, any domestic Subsidiary with no material operations and no material assets other than the equity interests of Subsidiaries,

       

      (h)          any special purpose securitization vehicle or similar entity,

       

      (i)           any not-for-profit Subsidiary,

       

      (j)           any captive insurance Subsidiary, and

       

      (k)          any other domestic Subsidiary with respect to which the Administrative Agent and Borrower reasonably agree that the cost or other consequences (including, without
        limitation, Tax consequences) of providing a Guarantee of or granting Liens to secure the Secured Obligations are likely to be excessive in relation to the value to be afforded thereby.

       

      “Excluded Taxes” means, with respect to the Administrative Agent, any Lender or any Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of the
        Borrower hereunder or under any other Loan Document, (a) Taxes imposed on or measured by such recipient’s net income (however denominated), and franchise Taxes (i) imposed on it (in lieu of net income Taxes), by a jurisdiction (or any political
        subdivision thereof) as a result of such recipient being organized or having its principal office or, in the case of any Lender, its applicable lending office in such jurisdiction, or (ii) that are Other Connection Taxes, (b) any Tax in the nature
        of the branch profits tax under Section 884(a) of the Code that is imposed by any jurisdiction described in clause (a), (c) in the case of a Foreign Lender (other than an assignee pursuant to a request by the Borrower under Section 2.16(b)), any
        U.S. federal withholding Tax that is imposed on amounts payable to such Foreign Lender pursuant to any Law in effect at the time such Lender becomes a party hereto (or designates a new lending office), except to the extent that such Lender (or its
        assignor, if any) was entitled, immediately prior to the time of designation of a new lending office (or assignment), to receive additional amounts from the Borrower with respect to such withholding Tax pursuant to Section 2.14(a), (d) Taxes
        attributable to a Lender or other recipient’s failure to comply with Section 2.14(e), and (e) any withholding Taxes imposed under FATCA.

       

      “Existing Letters of Credit” means the letters of credit issued for the account of any Loan Party and existing as of the Petition Date.

       

      
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      “Exit Facility Agreement” means the credit agreement that is approved by the Confirmation Order and entered into on the Conversion Date consistent in all material respects with the terms set
        forth in the Exit Facility Term Sheet and any related schedules and exhibits attached thereto; provided, that such credit agreement shall have been made available to the Administrative Agent and all
        Lenders; provided, further, that upon the satisfaction of waiver of the conditions contemplated by Section 2.19, each Lender hereunder that is a Lender on the Conversion Date hereby authorizes the Administrative Agent to use its executed signature
        page to this Agreement as an executed signature page to the Exit Facility Agreement without any further action on the part of any such Lender or any other Person.

       

      “Exit Facility Term Sheet” means the term sheet attached as Exhibit B hereto, as amended, supplemented or otherwise modified from time to time in accordance with the terms of this Agreement.

       

      “FATCA” means Sections 1471 through 1474 of the Code, as of the Closing Date (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 Code as of the Closing Date (or any amended or successor version described above) and any
        intergovernmental agreement (and any related laws or administrative pronouncements) implementing the foregoing.

       

      “FCPA” means the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq.

       

      “Federal Funds Effective Rate” means, for any day, the rate calculated by the NYFRB based on such day’s federal funds transactions by depositary institutions, as determined in such manner as
        the NYFRB shall set forth on its public website from time to time, and published on the next succeeding Business Day by the NYFRB as the effective federal funds rate; provided that if the Federal Funds Effective Rate as so determined would
        be less than zero, such rate shall be deemed to zero for the purposes of this Agreement.

       

      “Federal Reserve Bank of New York’s Website” means the website of the NYFRB at http://www.newyorkfed.org, or any successor source.

       

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

       

      “Final DIP Order” means an order of the Bankruptcy Court in form and substance satisfactory to the Administrative Agent and the Required Lenders and attached hereto as Exhibit I (as the same
        may be amended, supplemented, or modified from time to time after entry thereof with the consent of the Administrative Agent and the Required Lenders, in their sole discretion) approving the Loan Documents on a final basis, authorizing the Borrower
        to borrow under the Loan Documents, granting liens (including priming liens as set forth in Section 3.17(a)(iv)) on the Collateral to secure the Secured Obligations and authorizing the Prepetition Revolving Facility Payoff.

       

      “Final DIP Order Entry Date” means the date on which the Final DIP Order is entered by the Bankruptcy Court.

       

      “Final Order” means, as applicable, a final order or judgment of the Bankruptcy Court or other court of competent jurisdiction with respect to the relevant subject matter that has not been
        reversed, stayed, modified or amended, and as to which the time to appeal or seek certiorari has expired and no appeal or petition for certiorari has been timely taken, or as to which any appeal that has been taken or any petition for certiorari
        that has been or may be filed has been resolved by the highest court to which the order or judgment could be appealed or from which certiorari could be sought or the new trial, reargument or rehearing shall have been denied, resulted in no
        modification of such order or has otherwise been dismissed with prejudice.

       

      
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      “Financial Officer” of any Person means the President, Chief Financial Officer, Chief Executive Officer, Vice President - Finance, Executive Vice President, Chief Accounting Officer,
        Treasurer or Controller of such Person.  Any document delivered hereunder that is signed by a Financial Officer shall be conclusively presumed to have been authorized by all necessary corporate or other requisite organizational action on the part
        of such Person and such Financial Officer shall be conclusively presumed to have acted on behalf of such Person.  Unless the context otherwise requires, a reference to a Financial Officer shall be deemed to be a reference to a Financial Officer of
        the Borrower.

       

      “Foreign Lender” means any Lender or Issuing Bank that is not a United States person within the meaning of Section 7701(a)(30) of the Code.

       

      “Foreign Subsidiary” means any Subsidiary that is incorporated or organized under the laws of any jurisdiction other than the United States of America, any state thereof or the District of
        Columbia.

       

      “FSHCO” means any domestic Subsidiary that owns no material assets (directly or through subsidiaries) other than the equity interests of one or more Foreign Subsidiaries that are CFCs.

       

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

       

      “Governmental Approval” means any authorization, consent, order, approval, license, franchise, lease, ruling, tariff, rate, permit, certificate, exemption of, or filing or registration with,
        any Governmental Authority.

       

      “Governmental Authority” means the government of the United States of America or any other nation, or of any political subdivision thereof, whether state, local, county, provincial or other,
        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).

       

      “Grantor” means Frontier Video Services Inc., a Delaware corporation.

       

      “Guarantee” means, as to any Person, without duplication, 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).  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, for which the guaranteeing
        Person may be liable pursuant to the terms of its Guarantee thereof or, if not stated or determinable, the maximum reasonably anticipated liability of the guaranteeing Person in respect thereof as determined by the guaranteeing Person in good
        faith.  The term “Guarantee” as a verb has a corresponding meaning.

       

      
        19

        
          

      

      “Guarantors” means each Subsidiary that is or becomes party to the Guaranty Agreement on the Closing Date or pursuant to Section 5.06, whether existing on the Closing Date or established,
        created or acquired after the Closing Date, unless and until such time as such Guarantor is released from its obligations under the Guaranty Agreement in accordance with the terms and provisions hereof or thereof. The Guarantors as of the Closing
        Date shall be those entities listed on Schedule 4.

       

      “Guaranty Agreement” means, collectively, (i) the Guaranty Agreement, dated as of October 8, 2020, by the Guarantors party thereto in favor of the Administrative Agent, as may be amended,
        restated, supplemented or otherwise modified from time to time, between each applicable Guarantor and the Administrative Agent and (ii) each Guarantee executed and delivered pursuant to Section 6.08.

       

      “Immaterial Subsidiary” means any Subsidiary that (a) did not, as of the last day of the fiscal quarter of Parent most recently ended for which financial statements have been (or were
        required to be) delivered pursuant to Section 5.02(a) or 5.02(b), have assets with a value in excess of 5.0% of the Consolidated Tangible Assets or revenues representing in excess of 5.0% of total revenues of Borrower and the Subsidiaries on a
        consolidated basis as of such date, and (b) taken together with all such Subsidiaries as of such date, did not have assets with a value in excess of 10.0% of Consolidated Tangible Assets or revenues representing in excess of 10.0% of total revenues
        of Borrower and the Subsidiaries on a consolidated basis as of such date.

       

      “Impacted Interest Period” has the meaning assigned to such term in the definition of “LIBO Rate.”

       

      “Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for borrowed money or with respect to deposits or advances of any kind (other than customer
        deposits made in the ordinary course of business), (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person upon which interest charges are customarily paid, (d) all
        obligations of such Person under conditional sale or other title retention agreements relating to property or assets purchased by such Person, (e) all obligations of such Person issued or assumed as the deferred purchase price of property or
        services (other than current trade payables, expense accruals and deferred compensation items arising, in each case, in such Person’s ordinary course of business), (f) all Indebtedness of others secured by (or for which the holder of such
        Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the obligations secured thereby have been assumed; provided that, if such Person has not
        assumed such obligations, then the amount of Indebtedness of such Person for purposes of this clause (f) shall be equal to the lesser of the amount of the obligations of the holder of such obligations and the fair market value of the assets of such
        Person that secure such obligations, (g) all Capital Lease Obligations of such Person, (h) all obligations of such Person in respect of Swap Contracts (except to the extent such obligations are used as a bona fide hedge of other Indebtedness of
        such Person); provided that the amount of such obligations shall be deemed to be the net termination obligations of such Person thereunder calculated as if such Swap Contracts were terminated on such date of calculation (but such net
        termination shall not be less than zero for purposes of this definition), (i) all obligations of such Person as an account party in respect of letters of credit and bankers’ acceptances (except to the extent any such obligations are incurred in
        support of other obligations constituting Indebtedness of such Person and other than, to the extent reimbursed if drawn, letters of credit in support of ordinary course performance obligations), and (j) all Guarantees of such Person in respect of
        any of the foregoing; provided that the term Indebtedness shall not include endorsements for collection or deposit, in either case in the ordinary course of business.

       

      
        20

        
          

      

      “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 the Borrower under any Loan Document and
        (b) to the extent not otherwise described in (a), Other Taxes.

       

      “Indemnitee” has the meaning assigned to such term in Section 9.03(b).

       

      “Information” has the meaning assigned to such term in Section 9.12.

       

      “Interest Election Request” means a request by the Borrower to convert or continue a Borrowing in accordance with Section 2.05.

       

      “Interest Payment Date” means (a) with respect to any ABR Loan, each Quarterly Date, and (b) with respect to any Eurodollar Loan, the last day of each Interest Period therefor and, in the
        case of any Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at three-month intervals after the first day of such Interest Period.

       

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

       

      “Interest Rate Agreement” means any interest rate protection agreement, interest rate future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap
        agreement, interest rate collar agreement, interest rate hedge agreement, option or future contract or other similar agreement or arrangement.

       

      “Interpolated Rate” means, at any time, for any Interest Period, the rate per annum (rounded to the same number of decimal places as the LIBO Screen Rate) determined by the Administrative
        Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between:  (a) the LIBO Screen Rate for the longest period (for which the LIBO Screen Rate is
        available) that is shorter than the Impacted Interest Period; and (b) the LIBO Screen Rate for the shortest period (for which the LIBO Screen Rate is available) that exceeds the Impacted Interest Period, in each case, at such time.

       

      “Investments” means, with respect to any Person, all investments by such Person in other Persons (including Affiliates) in the form of loans (including guarantees), advances or capital
        contributions (excluding accounts receivable, trade credit, advances to customers, commission, travel and similar advances to officers and employees, in each case made in the ordinary course of business), purchases or other acquisitions for
        consideration of Indebtedness, Equity Interests or other securities issued by any other Person and investments that are required by GAAP to be classified on the balance sheet (excluding the footnotes) of the Borrower in the same manner as the other
        investments included in this definition to the extent such transactions involve the transfer of cash or other property.

       

      
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      “Issuing Bank” means each of the Lenders set forth on Schedule 1 up to the amount of its Letter of Credit Sublimit, each in its capacity as an issuer of Letters of Credit hereunder, and its
        applicable successors in such capacity as provided in Section 2.22(j), any other Lender which has agreed in writing to be an Issuing Bank and is reasonably acceptable to the Borrower and the Administrative Agent and/or, solely with respect to any
        Existing Letter of Credit, any Lender that shall have issued such Letter of Credit.  Each Issuing Bank may, in its good faith discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the Issuing Bank, in which case the
        term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

       

      “Joint Lead Arranger” means the entities identified as such on the cover of this Agreement.

       

      “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 whether or not having the force of law.

       

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

       

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

       

      “Lender” means a lender with a Commitment or with outstanding Loans and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such
        Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

       

      “Letter of Credit” means any letter of credit issued, or deemed to have been issued, pursuant to this Agreement, including the Existing Letters of Credit.

       

      “Letter of Credit Sublimit” means, with respect to any Issuing Bank (i) the amount set forth opposite the name of such Issuing Bank on Schedule 1 (which Letter of Credit Sublimits, on the
        Closing Date, shall not exceed the maximum allowable LC Exposure pursuant to Section 2.22(c) in the aggregate) or (ii) subject to such maximum allowable amount pursuant to Section 2.22(c), such other amount specified in the agreement by which such
        Issuing Bank becomes an Issuing Bank hereunder.

       

      “LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, the London interbank offered rate as administered by ICE Benchmark Association (or any other Person that
        takes over the administration of such rate for Dollars) for a period equal in length to such Interest Period as displayed on pages LIBOR01 or LIBOR02 of the Reuters screen that displays such rate (or, in the event such rate does not appear on a
        Reuters page or screen, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate from time to time as selected by the Administrative Agent in
        its reasonable discretion; in each case, the “LIBO Screen Rate”) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period; provided that, if the LIBO Screen Rate shall be less than
        zero, such rate shall be deemed to be zero for the purposes of this Agreement; and provided, further, if the LIBO Screen Rate shall not be available at such time for such Interest Period (an “Impacted Interest Period”), then
        the LIBO Rate shall be the Interpolated Rate; provided that, if any Interpolated Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

       

      
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      “LIBO Screen Rate” has the meaning assigned to such term in the definition of “LIBO Rate.”

       

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

       

      “Loan Documents” means, collectively, this Agreement, the Collateral Documents, the Guaranty Agreement, the Order and each note issued pursuant to Section 2.07(e).

       

      “Loan Parties” means the Borrower, the Grantor, the Pledgor and the Guarantors.

       

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

       

      “Margin Regulations” means Regulations T, U and X of the Board.

       

      “Master Agreement” has the meaning assigned to such term in the definition of “Swap Contract.”

       

      “Material Adverse Effect” means a material adverse effect on the business, assets, operations, financial condition or results of operations of the Borrower and the Subsidiaries taken as a
        whole (other than by virtue of the commencement of the Cases and the events and circumstances giving rise thereto and it being understood that the consummation of the Acceptable Reorganization Plan shall not constitute such a material adverse
        effect); provided, however, that, to the extent constituting Disclosed Matters, effects arising out of, resulting from or attributable to COVID-19 shall not constitute or be deemed to contribute to a Material Adverse Effect, and shall not
        otherwise be taken into account in determining whether a Material Adverse Effect has occurred or would reasonably be expected to occur, except that effects with respect to COVID-19 shall be so considered to the extent such effect disproportionately
        impacts the Borrower and its subsidiaries, taken as a whole, relative to other companies operating in the same industries.

       

      “Material Transaction” has the meaning assigned to such term in the definition of “Consolidated EBITDA.”

       

      “Maturity Date” means the earlier to occur of: (a) the Scheduled Termination Date and (b) the Consummation Date; provided that (x) if such day is
        not a Business Day, the Maturity Date shall be the Business Day immediately preceding such day and (y) if the Conversion Date shall have occurred, then the Maturity Date shall be the “Maturity Date” as set forth in the Exit Facility Agreement.

       

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

       

      
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      “New Frontier Borrower” means the indirect, wholly-owned Domestic Subsidiary of Reorganized Frontier that will (i) assume the Company’s obligations under the Loan Documents and (ii) as of
        the date of such assumption, hold, directly or indirectly, substantially all of the assets and operations of the Debtors as of the Conversion Date, it being understood that New Frontier Borrower holding, directly or indirectly, substantially all of
        the assets and operations of the Debtors other than the Designated Entities as of the Conversion Date in the Staggered Emergence (if applicable) constitutes New Frontier Borrower holding, directly or indirectly, substantially all of the assets and
        operations of the Debtors as of the Conversion Date.

       

      “Non-Consenting Lender” has the meaning assigned to such term in Section 2.16(b).

       

      “NYFRB” means the Federal Reserve Bank of New York.

       

      “NYFRB Rate” means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and (b) the Overnight Bank Funding Rate in effect on such day (or for any day that
        is not a Business Day, for the immediately preceding Business Day); provided that if none of such rates are published for any day that is a Business Day, the term “NYFRB Rate” means the rate for a federal funds transaction quoted at 11:00
        a.m. on such day received to the Administrative Agent from a Federal funds broker of recognized standing selected by it; provided, further, that if any of the aforesaid rates shall be less than zero, such rate shall be deemed to be
        zero for purposes of this Agreement.

       

      “Obligations” means all advances to, and debts, liabilities, obligations, covenants and duties of, the Borrower arising under any Loan Document or otherwise with respect to any Loan, 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 the Borrower or any 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.

       

      “Order” means the Final DIP Order.

       

      Officer” means, with respect to any Person, (1) the Chairman of the Board of Directors, the Chief Executive Officer, the President, the Chief Financial Officer, any Vice President, the
        Treasurer, any Assistant Treasurer, any Managing Director, the Secretary or any Assistant Secretary (a) of such Person or (b) if such Person is owned or managed by a single entity, of such entity, or (2) any other individual designated as an
        “Officer” for the purposes of this Agreement by the Board of Directors of such Person.

       

      “Officer’s Certificate” means, with respect to any Person, a certificate signed by one Officer of such Person.

       

      “Other Connection Taxes” means, with respect to the Administrative Agent, any Lender or any Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of the Borrower
        hereunder or under any other Loan Document, 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).

       

      
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      “Other Taxes” means any and all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made hereunder or under any other
        Loan Document or from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, this Agreement or any other 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 2.16(b)).

       

      “Overnight Bank Funding Rate” means, for any day, the rate comprised of both overnight federal funds and overnight Eurodollar borrowings by U.S.-managed banking offices of depository
        institutions, as such composite rate shall be determined by the NYFRB as set forth on the Federal Reserve Bank of New York’s Website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate
        (from and after such date as the NYFRB shall commence to publish such composite rate).

       

      “Participant” means any Person to whom a participation is sold as permitted by Section 9.04(d).

       

      “Participant Register” has the meaning assigned to such term in Section 9.04(d).

       

      “PATRIOT Act” has the meaning assigned to such term in Section 9.14.

       

      “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA.

       

      “Permitted Debt” means:

       

      (a)           Indebtedness created under the Loan Documents;

       

      (b)          (w) obligations in an amount not to exceed $50,045,001 with respect to letters of credit that are issued to replace letters of credit outstanding as of the Petition
        Date and that, if secured, are only secured by Liens permitted under Section 6.01(q), (x) Prepetition Debt, (y) any Permitted Pari Passu Refinancing Debt and (z) any Permitted Junior Refinancing Debt;

       

      (c)         Indebtedness (including Capital Lease Obligations, Indebtedness related to Sale and Lease-Back Transactions, mortgage financings or purchase money obligations)
        incurred by the Borrower or any of its Restricted Subsidiaries, or preferred stock of any Restricted Subsidiary issued, to finance the purchase, lease, construction or improvement (including, without limitation, the cost of design, development,
        construction, acquisition, transportation, installation, improvement and migration) of property (real or personal) or equipment that is used or useful in the business of the Borrower or any of its Restricted Subsidiaries, whether through the direct
        purchase of assets or the Capital Stock of any Person owning such assets, in an aggregate principal amount which, when aggregated with the principal amount of all other Indebtedness and preferred stock then outstanding and incurred pursuant to this
        clause (c) and including all Refinancing Indebtedness incurred to extend, renew, refund, refinance or replace any other Indebtedness and preferred stock incurred pursuant to this clause (c), does not exceed $125.0 million;

       

      
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      (d)         Indebtedness incurred by the Borrower or any of its Restricted Subsidiaries constituting reimbursement obligations with respect to letters of credit issued in the
        ordinary course of business, including letters of credit in respect of workers’ compensation claims, death, disability or other employee benefits or property, casualty or liability insurance or self-insurance, or other Indebtedness with respect to
        reimbursement type obligations regarding workers’ compensation claims; provided, however, that upon the drawing of such letters of credit or the incurrence of such Indebtedness, such obligations are reimbursed within 30 days
        following such drawing or incurrence;

       

      (e)         Indebtedness of the Borrower and its Restricted Subsidiaries arising from agreements providing for indemnification, adjustment of purchase price or similar
        obligations, in each case, incurred or assumed in connection with the acquisition or disposition of any business, assets or a Subsidiary, other than guarantees of Indebtedness incurred by any Person acquiring or disposing of all or any portion of
        such business, assets or Subsidiary for the purpose of financing such acquisition; provided, however, that the maximum assumable liability in respect of all such Indebtedness incurred or assumed in connection with any disposition
        shall at no time exceed the gross proceeds including noncash proceeds (the fair market value of such noncash proceeds being measured at the time received and without giving effect to any subsequent changes in value) actually received by the
        Borrower and its Restricted Subsidiaries in connection with such disposition;

       

      (f)          Indebtedness of the Borrower to any Restricted Subsidiary of the Borrower; provided that any such Indebtedness is subordinated in right of payment to the
        Obligations; provided, further, that any subsequent issuance or transfer of any Capital Stock or any other event which results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary of the Borrower or any other
        subsequent transfer of any such Indebtedness (except to the Borrower or another Restricted Subsidiary of the Borrower) shall be deemed in each case to be an incurrence of such Indebtedness;

       

      (g)          Indebtedness or preferred stock of a Restricted Subsidiary to the Borrower or another Restricted Subsidiary; provided that any such Indebtedness is made
        pursuant to an intercompany note;

       

      (h)        Indebtedness of the Borrower; provided, however, that the aggregate principal amount of Indebtedness or liquidation preference of preferred stock
        incurred under this clause (h), when aggregated with the principal amount of all other Indebtedness then outstanding and incurred pursuant to this clause (h) and any Refinancing Indebtedness incurred to extend, renew, refund, refinance or replace
        any other Indebtedness incurred pursuant to this clause (h), does not exceed $500.0 million;

       

      (i)          (x) Swap Obligations of the Borrower entered into for bona fide (non-speculative) business purposes and (y) Indebtedness of the Borrower in respect of Interest Rate
        Agreements, Commodity Agreements and Currency Agreements;

       

      (j)         obligations in respect of performance, bid, appeal and surety bonds, completion guarantees and similar obligations provided by the Borrower or any of its Restricted
        Subsidiaries in the ordinary course of business, including guarantees or obligations of the Borrower or any of its Restricted Subsidiaries and letters of credit supporting any of the foregoing (in each case other than for an obligation for money
        borrowed);

       

      (k)         the incurrence by the Borrower or any of its Restricted Subsidiaries of Indebtedness or preferred stock which serves to extend, renew, replace, refund or refinance
        any Indebtedness or preferred stock incurred as permitted under clauses (b)(x) (solely as it relates to Capital Lease Obligations, Indebtedness related to Sale and Lease-Back Transactions, mortgage financings and/or purchase money obligations), (c)
        of this definition and this clause (k), including additional Indebtedness or preferred stock incurred to pay premiums, expenses and fees in connection therewith (the “Refinancing Indebtedness”) prior to its respective maturity; provided,
        however, that such Refinancing Indebtedness:

       

      
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      (i)           has a Weighted Average Life to Maturity at the time such Refinancing Indebtedness is incurred which is not less than the remaining Weighted Average Life to Maturity
        of the Indebtedness being extended, renewed, replaced, refunded or refinanced;

       

      (ii)         is incurred in an aggregate principal amount (or if issued with original issue discount, an aggregate issue price) that is equal to or less than the sum of the
        aggregate principal amount (or if issued with original issue discount, the aggregate accreted value) then outstanding of the Indebtedness being extended, renewed, replaced, refunded or refinanced (plus, without duplication, any additional
        Indebtedness incurred to pay interest, fees or premiums required by the instruments governing such existing Indebtedness or in connection with the issuance of such Refinancing Indebtedness and fees and expenses incurred in connection therewith);

       

      (iii)        to the extent such Refinancing Indebtedness extends, renews, replaces, refunds or refinances Subordinated Indebtedness, such Refinancing Indebtedness is subordinated
        to the Loans at least to the same extent as the Indebtedness being extended, renewed, replaced, refinanced or refunded;

       

      (iv)        shall not include Indebtedness of a Restricted Subsidiary of the Borrower that refinances Indebtedness of the Borrower;

       

      (v)         (A) such modification, refinancing, refunding, renewal, replacement or extension shall not be secured by any Lien on any asset other than the assets that secured such
        Indebtedness being modified, refinanced, refunded, renewed, replaced or extended and  (B) if secured, such modification, refinancing, refunding, renewal, replacement or extension shall be secured by Liens that are junior to the Liens securing the
        Secured Obligations; and

       

      (vi)        to the extent such Refinancing Indebtedness is Guaranteed by any Guarantor (A) such Refinancing Indebtedness shall not be Guaranteed by any Subsidiary that is not a
        Guarantor and that was not a guarantor of the Indebtedness refinanced thereby and (B) to the extent that such Guarantor’s Guarantee of the Indebtedness refinanced by such Refinancing Indebtedness was subordinated in right of payment to the
        Guarantee by such Guarantor of the Obligations of the Borrower in respect of the Revolving Facility, such Guarantor’s Guarantee of such Refinancing Indebtedness shall be subordinated in right of payment to the Guarantee by such Guarantor of the
        Obligations of the Borrower in respect of the Revolving Facility pursuant to the terms of the definitive documentation governing such Guarantee;

       

      (l)          [Reserved];

       

      (m)        Indebtedness (i) 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 Business Days of its incurrence, (ii) in respect of netting, overdraft protection and other arrangements arising under standard business terms of any
        bank which the Borrower or any of its Restricted Subsidiaries maintains an overdraft, cash pooling or other similar facility or arrangements or (iii) arising in connection with the endorsement of instruments for deposit in the ordinary course of
        business;

       

      
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      (n)          [Reserved];

       

      (o)          any guarantee by the Borrower or any of its Restricted Subsidiaries of Indebtedness or other obligations of any of the Borrower’s Restricted Subsidiaries so long as
        the incurrence of such Indebtedness incurred by such Restricted Subsidiary is permitted under the terms of this Agreement;

       

      (p)           Indebtedness of the Borrower or any of its Restricted Subsidiaries consisting of (i) the financing of insurance premiums and (ii) take-or-pay or similar obligations
        contained in supply arrangements, in each case, incurred in the ordinary course of business; and

       

      (q)           Indebtedness of the Borrower or any of its Restricted Subsidiaries resulting from Sale and Lease-Back Transactions permitted in Section 6.03(j).

       

      “Permitted Investments” means:

       

      (1)          any Investment in the Borrower or any of its Restricted Subsidiaries; provided that, to the extent any such Investment is being made by a Loan Party in a Restricted
        Subsidiary that is not a Loan Party, such Investment shall be in the ordinary course of business or consistent with past practice;

       

      (2)          any Investment in cash and Cash Equivalents;

       

      (3)         any Investment by the Borrower or any Restricted Subsidiary of the Borrower in a Person that is engaged in a Similar Business if as a result of such Investment, such
        Person, in one transaction or a series of related transactions, (i) becomes a Restricted Subsidiary of the Borrower or (ii) is merged, consolidated or amalgamated with or into, or transfers or conveys substantially all of its assets to, or is
        liquidated into, the Borrower or a Restricted Subsidiary of the Borrower and, in each case, any Investment held by such Person; provided that (x) with respect to clause (ii), such Investment was not
        acquired by such Person in contemplation of such merger, consolidation, amalgamation, transfer, conveyance or liquidation and (y) the aggregate amount of Investments pursuant to this clause (3) shall not exceed, $100,000,000;

       

      (4)          any Investment in securities or other assets not constituting cash or Cash Equivalents and received in connection with an asset sale not prohibited under Section
        6.03 or any other disposition of assets not constituting an asset sale;

       

      (5)          any Investment existing on the Closing Date;

       

      (6)          any Investment acquired by the Borrower or any of its Restricted Subsidiaries:

       

      (a)         in compromise or resolution of any other Investment or obligations owed to the Borrower or any such Restricted Subsidiary, including in connection with or as a result
        of a bankruptcy, workout, reorganization or recapitalization of any trade creditor or customer or in satisfaction of litigation, arbitration or other disputes; or

       

      
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      (b)          as a result of a foreclosure by the Borrower or any Restricted Subsidiary with respect to any secured Investment or other transfer of title with respect to any
        secured Investment in default; 

       

      

      and, in each case, any Investment held by such Person;

       

      (7)           Swap Obligations permitted under clause (i)(x) of the definition of “Permitted Debt”;

       

      (8)          Investments the payment for which consists of Equity Interests of the Borrower (exclusive of Disqualified Stock); provided, however, that such Equity Interests will
        not increase the amount available for Restricted Investments under the calculation set forth in the definition of “Applicable Amount”;

       

      (9)           guarantees of Indebtedness permitted under Section 6.08(a);

       

      (10)         any transaction to the extent it constitutes an investment that is permitted and made in accordance with the provisions of Section 6.06;

       

      (11)         Investments consisting of purchases and acquisitions of inventory, supplies, material or equipment;

       

      (12)        if no Event of Default has occurred and is continuing, additional Investments having an aggregate fair market value, taken together with all other Investments made
        pursuant to this clause (12), not to exceed since the Closing Date the greater of $750.0 million and 2.5% of Consolidated Total Assets at the time of such Investments (with the fair market value of each Investment being measured at the time made
        and without giving effect to subsequent changes in value);

       

      (13)        advances to employees not in excess of $25.0 million outstanding at any one time, in the aggregate;

       

      (14)        loans and advances to officers, directors and employees for business-related travel expenses, moving expenses and other similar expenses, in each case incurred in the
        ordinary course of business;

       

      (15)       receivables owing to the Borrower or any Restricted Subsidiary of the Borrower if created or acquired in the ordinary course of business and payable or dischargeable
        in accordance with customary trade terms (which trade terms may include such concessionary trade terms as the Borrower or any such Restricted Subsidiary deems reasonable under the circumstances), and other Investments to the extent such Investments
        consist of prepaid expenses, negotiable instruments held for collection and lease, utility and workers’ compensation, performance and other similar deposits made in the ordinary course of business by the Borrower or any Restricted Subsidiary;

       

      (16)       deposits or payments made with the FCC in connection with the auction or licensing of any permit, license, authorization, plan, directive, consent, permission, consent
        order or consent decree of or from any Governmental Authority;

       

      (17)        any Plan Contribution;

       

      
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      (20)        if no Event of Default has occurred and is continuing, additional Investments in an aggregate amount not the exceed the Applicable Amount; and

       

      (21)        any Investments in connection with a Permitted Reorganization.

       

      “Permitted Junior Intercreditor Agreement” means, with respect to any Liens on Collateral that are intended to be junior to any Liens securing the Loans (and other Secured Obligations that
        are secured by Liens on the Collateral ranking equally and ratably with the Liens securing the Loans), an intercreditor agreement substantially in the form of Exhibit H hereto with (i) any immaterial, conforming or technical changes (as determined
        in the Administrative Agent’s sole discretion) thereto as the Borrower and the Administrative Agent may agree in their respective reasonable discretion and/or (ii) any other changes thereto as the Borrower and the Administrative Agent may agree in
        their respective reasonable discretion, which changes are posted for review by the Lenders and deemed acceptable if the Required Lenders have not objected thereto within five Business Days following the date on which such changes are posted for
        review.

       

       “Permitted Junior Refinancing Debt” means any Indebtedness issued, incurred or otherwise obtained by the Borrower and guarantees with respect thereto by any Loan Party in the form of one or
        more series of senior secured notes (issued in a public offering or a Rule 144A or other private placement) and/or senior secured loans (or any combination thereof) which serves to extend, renew, replace, refund or refinance any Indebtedness
        outstanding under the Prepetition Second Lien Notes and/or the Prepetition Subsidiary Debt; provided that such Permitted Junior Refinancing Debt:

       

      (i)           is secured by the Collateral on a junior basis to the Secured Obligations pursuant to a Permitted Junior Intercreditor Agreement and is not secured by any property or assets of the
        Borrower or any of its Restricted Subsidiaries other than the Collateral;

       

      (ii)         (x) in the case of a refinancing of the Prepetition Subsidiary Debt, matures not earlier than 91 days after the Scheduled Termination Date and (y) in other cases, matures not earlier
        than the later of (i) 91 days after the Scheduled Termination Date and (ii) the scheduled maturity date of the Indebtedness being refinanced as of the Petition Date (in the case of this clause (y)(ii), without giving effect to (A) any acceleration
        of such refinanced Indebtedness as a result of the commencement of the Cases or otherwise, (B) the maturity of such Permitted Junior Refinancing Debt before the Conversion Date so long as the Indebtedness into which such Permitted Junior
        Refinancing Debt will be converted on or about the Conversion Date complies with this clause (y) and (C) the springing maturity prong of such Permitted Junior Refinancing Debt that takes effect based on the maturity of other Indebtedness);

       

      (iii)       except for a refinancing of the Prepetition Subsidiary Debt, has a Weighted Average Life to Maturity at the time such Permitted Junior Refinancing Debt is incurred which is not less
        than the remaining Weighted Average Life to Maturity of the Indebtedness being extended, renewed, replaced, refunded or refinanced;

       

      (iv)         is incurred in an aggregate principal amount (or if issued with original issue discount, an aggregate issue price) that is equal to or less than the sum of the aggregate principal
        amount (or if issued with original issue discount, the aggregate accreted value) then outstanding of the Indebtedness being extended, renewed, replaced, refunded or refinanced (plus, without duplication, any additional Indebtedness incurred to pay
        interest, fees, expenses or premiums required by the instruments governing such existing Indebtedness or in connection with the issuance of such Permitted Junior Refinancing Debt and fees and expenses incurred in connection therewith);

       

      
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      (v)          shall not have any obligors that are not obligors under the Revolving Facility;

       

      (vi)         shall not include Indebtedness of a Restricted Subsidiary of the Borrower that refinances Indebtedness of the Borrower;

       

      (vii)       has terms and conditions (excluding pricing, interest rate margins, rate floors, discounts, premiums, fees, and prepayment or redemption terms) that are not materially more restrictive
        to the Borrower and its Restricted Subsidiaries (when taken as a whole) than the terms and conditions of this Agreement (when taken as a whole) (except for covenants or other provisions applicable only to periods after the applicable Maturity Date)
        (it being understood that (A) to the extent that any of the covenants or events of default applicable to any such Indebtedness are more restrictive to the Borrower and its Subsidiaries than the terms of the Loan Documents absent this clause (A),
        such terms shall be tightened in a corresponding manner in the Loan Documents and (B) no consent shall be required from the Administrative Agent for terms or conditions that are not market terms or are more restrictive than this Agreement if such
        terms are added to this Agreement);

       

      (viii)      is automatically converted into exit debt financing for the Borrower (or the entity assuming and/or acquiring directly or indirectly the operations and assets of the Borrower in the
        Acceptable Reorganization Plan) on the Consummation Date upon the satisfaction of conditions that are not more onerous to the Borrower than those set forth in Annex I of the Exit Facility Term Sheet; and

       

      (ix)         is incurred pursuant to documentation other than the Loan Documents.

       

      “Permitted Pari Passu Refinancing Debt” means any Indebtedness issued, incurred or otherwise obtained by the Borrower and guarantees with respect thereto by any Loan Party in the form of one
        or more series of senior secured notes (issued in a public offering or a Rule 144A or other private placement) and/or senior secured loans (or any combination thereof) which serves to extend, renew, replace, refund or refinance any Indebtedness
        outstanding under the Prepetition Credit Agreement, the Prepetition First Lien Notes, the Prepetition Second Lien Notes and/or the Prepetition Subsidiary Debt; provided that such Permitted Pari Passu
        Refinancing Debt:

       

      (i)           is secured by the Collateral on a pari passu basis (but without regard to the control of remedies) with the Secured Obligations and is not
        secured by any property or assets of the Borrower or any of its Restricted Subsidiaries other than the Collateral;

       

      (ii)         (x) in the case of a refinancing of the Prepetition Subsidiary Debt, matures not earlier than 91 days after the Scheduled Termination Date and (y) in other cases, matures not earlier
        than the later of (i) 91 days after the Scheduled Termination Date and (ii) the scheduled maturity date of the Indebtedness being refinanced as of the Petition Date (in the case of this clause (y)(ii), without giving effect to (A) any acceleration
        of such refinanced Indebtedness as a result of the commencement of the Cases or otherwise, (B) the maturity of such Permitted Pari Passu Refinancing Debt before the Conversion Date so long as the Indebtedness into which such Permitted Pari Passu
        Refinancing Debt will be converted on or about the Conversion Date complies with this clause (y) and (C) the springing maturity prong of such Permitted Pari Passu Refinancing Debt that takes effect based on the maturity of other Indebtedness);

       

      (iii)        except for a refinancing of the Prepetition Subsidiary Debt or, to the extent refinanced with any Indebtedness in the form of senior secured loans, Prepetition Second Lien Notes
        and/or Prepetition First Lien Notes, has a Weighted Average Life to Maturity at the time such Permitted Pari Passu Refinancing Debt is incurred which is not less than the remaining Weighted Average Life to Maturity of the Indebtedness being
        extended, renewed, replaced, refunded or refinanced;

       

      
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      (iv)        is incurred in an aggregate principal amount (or if issued with original issue discount, an aggregate issue price) that (x) is equal to or less than the sum of the aggregate principal
        amount (or if issued with original issue discount, the aggregate accreted value) then outstanding of the Indebtedness being extended, renewed, replaced, refunded or refinanced (plus, without duplication, any additional Indebtedness incurred to pay
        interest, fees, expenses or premiums required by the instruments governing such existing Indebtedness or in connection with the issuance of such Permitted Pari Passu Refinancing Debt and fees and expenses incurred in connection therewith) and (y)
        together with all other outstanding Permitted Pari Passu Refinancing Debt, shall not exceed $5,000,000,000;

       

      (v)          shall not have any obligors that are not obligors under the Revolving Facility;

       

      (vi)         shall not include Indebtedness of a Restricted Subsidiary of the Borrower that refinances Indebtedness of the Borrower;

       

      (vii)       (A) with respect to any Permitted Pari Passu Refinancing Debt in the form of term loans, such Permitted Pari Passu Refinancing Debt and the Revolving Facility shall be subject to
        customary intercreditor arrangements consistent with those set forth in the Prepetition Credit Agreement relating to the term loans and revolving loans outstanding thereunder and (B) with respect to any Permitted Pari Passu Refinancing Debt in the
        form of notes, a Senior Representative validly acting on behalf of the holders of such Permitted Pari Passu Refinancing Debt shall have agreed to be bound by intercreditor arrangements consistent with those applicable to the relationship between
        the Prepetition First Lien Notes and the Prepetition Credit Agreement;

       

      (viii)      has terms and conditions (excluding pricing, interest rate margins, rate floors, discounts, premiums, fees, and prepayment or redemption terms) that are not materially more restrictive
        to the Borrower and its Restricted Subsidiaries (when taken as a whole) than the terms and conditions of this Agreement (when taken as a whole) (except for covenants or other provisions applicable only to periods after the applicable Maturity Date)
        (it being understood that (A) to the extent that any of the covenants or events of default applicable to any such Indebtedness are more restrictive to the Borrower and its Subsidiaries than the terms of the Loan Documents absent this clause (A),
        such terms shall be tightened in a corresponding manner in the Loan Documents and (B) no consent shall be required from the Administrative Agent for terms or conditions that are not market terms or are more restrictive than this Agreement if such
        terms are added to this Agreement);

       

      (ix)        is automatically converted into exit debt financing for the Borrower (or the entity assuming and/or acquiring directly or indirectly the operations and assets of the Borrower in the
        Acceptable Reorganization Plan) on the Consummation Date upon the satisfaction of conditions that are not more onerous to the Borrower than those set forth in Annex I of the Exit Facility Term Sheet; and

       

      (x)          is incurred pursuant to documentation other than the Loan Documents.

       

       “Permitted Prior Liens” has the meaning assigned to such term in Section 3.17(a)(iii).

       

      “Permitted Reorganizations” means internal reorganizations, exchanges or other transfers of telecommunications or other assets, and other activities and transactions related to the planning,
        facilitating and/or consummating any of the transactions contemplated or required by any of the RSA, the PNW Purchase Agreement and/or an Acceptable Reorganization Plan; provided, that, in the reasonable business judgment of the Borrower, after giving effect to any such reorganizations and activities, except for any disposition of assets pursuant to the PNW Purchase Agreement, there is no
        material adverse impact on the value of the (A) Collateral granted (or the security interests granted thereon) to the Collateral Agent for the benefit of the Lenders or (B) Guarantees in favor of the Lenders, in the case of each of clauses (A) and
        (B), taken as a whole; provided further that any transactions between or among the Borrower and its Restricted Subsidiaries pursuant to the Acceptable Reorganization Plan shall be deemed to be a “Permitted
        Reorganization.

       

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

       

      “Petition Date” has the meaning assigned to such term in the preamble hereto.

       

      “Plan” means any pension plan (including a multiemployer plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code which is maintained for or to which contributions are
        made for employees of the Borrower or any ERISA Affiliate or with respect to which the Borrower or any ERISA Affiliate has any liability.

       

      “Plan Asset Regulations” means 29 CFR § 2510.3-101 et seq., as modified by Section 3(42) of ERISA, as amended from time to time.

       

      “Plan Contribution” means the contribution of real property to the Borrower’s defined benefit pension plan (or any successor plan) in existence on September 25, 2015 in lieu of or in
        conjunction with cash contributions to such pension plan, including by way of a Sale and Lease-Back Transaction, in a manner consistent with past practice.

       

       “Pledge Agreement” means that certain Pledge Agreement, dated as of October 8, 2020, among, inter alia, the Borrower, as the pledgor, the
        Collateral Agent, and the other Persons party thereto, as may be amended, restated, amended and restated, supplemented, re-affirmed or otherwise modified from time to time.

       

       “Pledged Collateral” means all the “Pledged Collateral” as defined in the Pledge Agreement that is subject to any Lien in favor of the Collateral Agent, for the benefit of the Secured
        Parties, pursuant to the Pledge Agreement.

       

      “Pledged Subsidiary” means any Subsidiary whose issued and outstanding equity interests are pledged pursuant to the Pledge Agreement.  As of the Closing Date, the Pledged Subsidiaries shall
        be those entities listed on Schedule 5.

       

      “Pledgor” means the Borrower in its capacity as the pledgor under the Pledge Agreement.

       

      “PNW Purchase Agreement” means that certain Purchase Agreement, dated as of May 28, 2019 (as amended, restated, amended and restated, supplemented or modified from time), by and among the
        Borrower, Frontier Communications ILEC Holdings LLC, and Northwest Fiber, LLC.

       

      “PNW Sale” means the sale of all the issued and outstanding Capital Stock of certain Subsidiaries of Frontier and Frontier Communications ILEC Holdings LLC that operate Frontier’s businesses
        in Washington, Oregon, Idaho, and Montana to Northwest Fiber, LLC as reflected in the PNW Purchase Agreement.

       

      
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      “PNW Sold Entities” means, to the extent sold prior to the Closing Date pursuant to the PNW Sale, Frontier Communications Northwest LLC (formerly known as Frontier Communications Northwest
        Inc.), a Delaware limited liability company, Citizens Telecommunications Company of Montana LLC (formerly known as Citizens Telecommunications Company of Montana), a Delaware limited liability company, Citizens Telecommunications Company of Oregon
        LLC (formerly known as Citizens Telecommunications Company of Oregon) a Delaware limited liability company, or Citizens Telecommunications Company of Idaho LLC (formerly known as Citizens Telecommunications Company of Idaho), a Delaware limited
        liability company.

       

      “Prepetition Credit Agreement” means that certain First Amended and Restated Credit Agreement, dated as of February 27, 2017 (as amended, restated, amended and restated, supplemented or
        otherwise modified from time to time prior to the Petition Date), by and among the Borrower, as borrower, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent and the financial institutions and other persons or entities party
        thereto as lenders.

       

      “Prepetition Debt” means, collectively, the Indebtedness of each Debtor outstanding and unpaid on the date on which such Person becomes a Debtor.

       

      “Prepetition First Lien Notes” means the 8.000% First Lien Secured Notes due 2027 issued under the Prepetition First Lien Notes Indenture and outstanding on the Petition Date.

       

      “Prepetition First Lien Notes Indenture” means that certain Indenture, dated as of March 15, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to
        time prior to the Petition Date), by and among the Borrower, as issuer, the guarantors party thereto, Wilmington Trust, National Association (as successor to The Bank of New York Mellon), as trustee and JPMorgan Chase Bank, N.A., as collateral
        agent.

       

      “Prepetition Revolving Facility” means the “Revolving Facility” as defined in the Prepetition Credit Agreement.

       

      “Prepetition Revolving Facility Payoff” means the payment in full (other than contingent indemnification obligations not yet due and payable) of the Obligations (as defined in the
        Prepetition Credit Agreement) under the Prepetition Revolving Facility in cash (and the cash collateralization, backstop or other arrangement of outstanding letters of credit issued thereunder as required by the Prepetition Credit Agreement or in a
        manner otherwise satisfactory to each applicable issuing bank) to the extent such payment has not occurred prior to the Consummation Date and the termination of the commitments under the Prepetition Revolving Facility.

       

      “Prepetition Second Lien Notes” means the 8.500% Second Lien Secured Notes due 2026 issued under the Prepetition Second Lien Notes Indenture and outstanding on the Petition Date.

       

      “Prepetition Second Lien Notes Indenture” means that certain Indenture, dated as of March 19, 2018 (as amended, restated, amended and restated, supplemented or otherwise modified from time
        to time prior to the Petition Date), by and among the Borrower, as issuer, the guarantors party thereto, The Bank of New York Mellon, as trustee and collateral agent.

       

      
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      “Prepetition Subsidiary Debt” means, collectively, the (i) 8.500% Secured Debentures due November 15, 2031, issued under that certain Indenture, dated as of June 1, 1940 (as amended,
        restated, amended and restated, supplemented or otherwise modified from time to time prior to the Petition Date) by and among GTE Southwest Incorporated, as issuer, and NCNB Texas National Bank, as trustee, (ii) 6.750% Unsecured Debentures due May
        15, 2027, issued under that certain Indenture, dated as of December 1, 1993 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the Petition Date) by and among GTE California Incorporated, as
        issuer, and U.S. Bank Trust National Association, as successor trustee to Bank of America National Trust and Savings Association, (iii) 6.730% Unsecured Debentures due February 15, 2028, issued under that certain Indenture, dated as of January 1,
        1994 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the Petition Date) by and among GTE North Incorporated, as issuer, and The First National Bank of Chicago, as trustee, (iv) 6.860%
        Unsecured Debentures due February 2, 2028, issued under that certain Indenture, dated as of November 1, 1993 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the Petition Date) by and among
        GTE Florida Incorporated, as issuer, and The Bank of New York, as successor trustee to NationsBank of Georgia, National Association, as trustee, and (v) 8.400% Unsecured Debentures due October 15, 2029, represented by the Debentures, dated as of
        October 25, 1989, and issued by The Chesapeake and Potomac Telephone Company of West Virginia pursuant to a Purchase Agreement dated October 1989 with the purchasers.

       

      “Primed Liens” has the meaning ascribed to such word in Section 3.17 hereto.

       

      “Priming Liens” has the meaning ascribed to such word in Section 3.17 hereto.

       

      “Prime Rate” means the per annum rate of interest established from time to time by the Administrative Agent, at its principal office in New York, New York, as its prime lending rate.  Any
        change in the interest rate resulting from a change in the Prime Rate shall become effective as of 12:01 a.m. of the Business Day on which each change in the Prime Rate is announced by the Administrative Agent.  The prime lending rate is a
        reference rate used by the Administrative Agent in determining interest rates on certain loans and is not intended to be the lowest rate of interest charged on any extension of credit to any debtor.  The Administrative Agent may make commercial
        loans or other loans at rates of interest at, above, or below its prime lending rate.

       

      “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.

       

      “Pro Forma Basis” means, as of any date, that such calculation shall give pro forma effect to all Material Transactions (and the application of the proceeds from any such asset sale or
        related debt incurrence or repayment) that have occurred during the relevant calculation period and during the period immediately following the applicable date of determination therefor and prior to or simultaneously with the event for which the
        calculation is made, including pro forma adjustments arising out of events which are attributable to a Material Transaction, including giving effect to those specified in accordance with the definition of “Consolidated EBITDA,” in each case as in
        good faith determined by a Financial Officer of the Borrower, using historical financial statements of all entities, divisions or lines or assets so acquired or sold and the consolidated financial statements of the Borrower and/or any of its
        Subsidiaries, calculated as if such Material Transaction, and all other Material Transactions that have been consummated during the relevant period, and any Indebtedness incurred or repaid in connection therewith, had been consummated (and the
        change in Consolidated EBITDA resulting therefrom realized) and incurred or repaid at the beginning of such period.

       

      Whenever pro forma effect is to be given to a Material Transaction, the pro forma calculations shall be made in good faith by a Financial Officer of the Borrower (including adjustments for costs
        and charges arising out of or related to the Material Transaction and projected cost savings, operating expense reductions, other operating improvements and initiatives and synergies resulting from such Material Transaction that have been or are
        reasonably anticipated to be realizable, net of the amount of actual benefits realized during such test period from such actions), and any such adjustments included in the initial pro forma calculations shall continue to apply to subsequent
        calculations, including during any subsequent periods in which the effects thereof are reasonably expected to be realizable); provided that (i) no amounts shall be added pursuant to this paragraph to the extent duplicative of any amounts that are
        otherwise added back in computing Consolidated EBITDA for such period and (ii) the amount of cost savings, operating expense reductions, other operating improvements and initiatives and synergies that are not in accordance with Regulation S‐X of
        the SEC shall be subject to the last proviso in clause (iv)(b) of the definition of “Consolidated EBITDA.”

       

      
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      “Public-Sider” means any representative of a Lender that does not want to receive material non-public information within the meaning of federal and state securities laws.

       

      “Quarterly Dates” means the last Business Day of March, June, September and December in each year.

       

      “Refinancing Indebtedness” has the meaning assigned to such term in clause (k) of the definition of “Permitted Debt.”

       

      “Refunding Capital Stock” has the meaning assigned to such term in Section 6.10(b)(ii).

       

      “Register” has the meaning assigned to such term in Section 9.04(c).

       

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

       

      “Release” means any spilling, emitting, discharging, depositing, escaping, leaching, dumping or other releasing, including the movement of any Specified Substance through the air, soil,
        surface water, groundwater or property, and when used as a verb has a like meaning.

       

      “Relevant Governmental Body” means the Federal Reserve Board and/or the NYFRB, or a committee officially endorsed or convened by the Federal Reserve Board and/or the NYFRB or, in each case,
        any successor thereto.

       

      “Reorganization Plan” means a plan of reorganization in the Cases.

       

      “Reorganized Frontier” means the Company, or any successor, by merger, consolidation, reorganization, or otherwise, to the Company in the form of a corporation, limited liability company, partnership, or other
        form, as the case may be, or a new corporation, limited liability company, or partnership that may be formed to, among other things, directly or indirectly acquire substantially all of the assets and operations of the Debtors and issue common stock
        to be distributed pursuant to the Acceptable Reorganization Plan, in each case as contemplated by the Acceptable Reorganization Plan, and including in the Staggered Emergence (if applicable), it being understood that Reorganized Frontier holding,
        directly or indirectly, substantially all of the assets and operations of the Debtors (other than the Designated Entities) as of the Conversion Date in the Staggered Emergence (if applicable) constitutes Reorganized Frontier holding, directly or
        indirectly, substantially all of the assets and operations of the Debtors as of the Conversion Date.

       

      “Required Lenders” means, at any time, Lenders having Commitments (or if the Commitments have terminated, Revolving Credit Exposure) that, taken together, represent more than 50% of the sum
        of all Commitments (or, if the Commitments have terminated, Revolving Credit Exposure) at such time; provided, that the Commitments and Revolving Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Lenders
        at any time.

       

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

       

      “Restricted Investment” means an Investment other than a Permitted Investment.

       

      “Restricted Payment” (i) for all purposes other than Section 6.10(c) shall have the meaning set forth in Section 6.10(a) and (ii) for purposes of Section 6.10(c), means any dividend or other
        distribution (whether in cash, securities or other property) with respect to any capital stock or other equity interest of the Borrower or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or
        similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such capital stock or other equity interest, or on account of any return of capital to the Borrower’s stockholders, partners or
        members (or the equivalent Person thereof).

       

      “Restricted Subsidiary” of a Person means any Subsidiary of the referent Person.

       

      “Revolving Credit Exposure” means as to each Lender, the sum of the outstanding principal amount of such Lender’s Loans and LC Exposure at such time.

       

      “Revolving Facility” means the Commitments and the extensions of credit made hereunder by the Lenders.

       

      “RSA” means the Restructuring Support Agreement, dated on or about April 14, 2020, by and among the Debtors and certain of their creditors, as amended, restated, amended and restated or
        supplemented to the extent not adverse to the interest of the Lenders.

       

      “S&P” means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business.

       

      “Sale and Lease-Back Transaction” means any arrangement with any Person providing for the leasing by the Borrower or any Restricted Subsidiary of any real or tangible personal property,
        which property has been or is to be sold or transferred by the Borrower or such Restricted Subsidiary to such Person in contemplation of such leasing.

       

      “Sanctioned Country” means, at any time, a country, region or territory which is the subject or target of any Sanctions (at the time of this Agreement, Crimea, Cuba, Iran, North Korea and
        Syria).

       

      “Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of
        the Treasury or the U.S. Department of State, (b) any Person operating, organized or resident in a Sanctioned Country, (c) any Person owned or controlled by any such Person or Persons or (d) any Person otherwise the target of Sanctions.

       

      “Sanctions” means all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by the U.S. government, including those administered by the
        Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State.

       

      
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      “Scheduled Termination Date” means the date that is twelve (12) months after the Closing Date (or if such day shall not be a Business Day, the next succeeding Business Day); provided that, to the extent the Consummation Date with respect to an Acceptable Reorganization Plan has not occurred on or prior to such date primarily because any condition precedent set forth therein with
        respect to the procurement of regulatory approvals has not been satisfied (and other than any other conditions that by their nature can only be satisfied on the Consummation Date), the Scheduled Termination Date shall instead mean the date that is
        eighteen (18) months after the Closing Date (or if such day shall not be a Business Day, the next succeeding Business Day).

       

      “SEC” means the Securities and Exchange Commission (or any successor thereto).

       

      “Secured Obligations” means (a) all Obligations owing to one or more Secured Parties and (b) solely for the period from the Closing Date to the earlier of (x) the 30th day after the Closing Date and (y) the Specified Letter of Credit Termination Date, all obligations of the Borrower in respect of the Specified Letter of Credit under
        the Prepetition Credit Agreement.

       

      “Secured Parties” means the holders of the Secured Obligations from time to time and shall include (a) each Lender in respect of its Loans, (b) the Administrative Agent and the Lenders in
        respect of all other present and future obligations and liabilities of the Borrower and each Subsidiary of every type and description arising under or in connection with this Agreement or any other Loan Document, (c) each Indemnitee under Section
        9.03(b) in respect of the obligations and liabilities of the Borrower to such Person hereunder and under the other Loan Documents and (d) their respective successors and (in the case of a Lender, permitted) transferees and assigns.

       

      “Security Agreement” means that certain Security Agreement, dated as of October 8, 2020, among, inter alia, the Grantor, the Collateral Agent, and
        the other Persons party thereto, as may be amended, restated, amended and restated, supplemented, re-affirmed or otherwise modified from time to time.

       

       “Senior Representative” shall mean, with respect to any series of Permitted Pari Passu Refinancing Debt, the trustee, sole noteholder, collateral agent, security agent or similar agent
        under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities.

       

      “Similar Business” means any business conducted or proposed to be conducted by the Borrower and its Subsidiaries on the Closing Date or any business that is similar, reasonably related,
        incidental or ancillary thereto.

       

      “SOFR” with respect to any day means the secured overnight financing rate published for such day by the NYFRB, as the administrator of the benchmark (or a successor administrator), on the Federal Reserve Bank of
        New York’s Website.

       

      “SOFR-Based Rate” means SOFR, Compounded SOFR or Term SOFR.

       

      “Specified Letter of Credit” means the irrevocable letter of credit no. 69611958 issued by Citibank, N.A. on December 28, 2017, as amended on April 1, 2019, with the face amount of
        $13,558,776, the applicant of which is the Borrower, and the beneficiaries of which include National Union Fire Insurance Co. of Pittsburgh, PA.

       

      “Specified Letter of Credit Termination Date” has the meaning assigned to such term in Section 5.07.

       

      “Specified Subsidiary” means each entity listed on Schedule 6.

       

      
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      “Specified Substance” means (i) any chemical, material or substance defined as or included in the definition of “hazardous substances,” “hazardous wastes,” “hazardous materials,” “extremely
        hazardous waste,” “restricted hazardous waste” or “toxic substances” or words of similar import under any applicable Environmental Laws; (ii) any (A) oil, natural gas, petroleum or petroleum derived substance, any drilling fluids, produced waters
        and other wastes associated with the exploration, development or production of crude oil, natural gas or geothermal fluid, any flammable substances or explosives, any radioactive materials, any hazardous wastes or substances, any toxic wastes or
        substances or (B) other materials or pollutants that, in the case of both (A) and (B), (1) pose a hazard to the property of the Borrower or any of its Subsidiaries or any part thereof or to persons on or about such property or to any other property
        that may be affected by the Release of such materials or pollutants from such property or any part thereof or to persons on or about such other property or (2) cause such property or such other property to be in violation of any Environmental Law;
        (iii) asbestos, urea formaldehyde foam insulation, toluene, polychlorinated biphenyls and any electrical equipment which contains any oil or dielectric fluid containing levels of polychlorinated biphenyls in excess of fifty parts per million; and
        (iv) any sound, vibration, heat, radiation or other form of energy and any other chemical, material or substance, exposure to which is prohibited, limited or regulated by any Governmental Authority.

       

      “Staggered Emergence” means the Designated Entities are not Subsidiaries of New Frontier Borrower on the Conversion Date and remain in bankruptcy on the Conversion Date whereas the Company’s
        other Subsidiaries emerge from bankruptcy, and any related transactions to implement or facilitate such transactions or arrangements.

       

      “Statutory Reserve Rate” means a fraction (expressed as a decimal) the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum
        reserve, liquid asset, fees or similar requirements (including any marginal, special, emergency or supplemental reserves) established by any central bank, monetary authority, the Board, the Financial Conduct Authority, the Prudential Regulation
        Authority, the European Central Bank or other Governmental Authority for any category of deposits or liabilities customarily used to fund loans in the applicable currency, expressed in the case of each such requirement as a decimal.  Such reserve,
        liquid asset, fees or similar requirements shall include those imposed pursuant to Regulation D of the Board.  Eurodollar Loans shall be deemed to be subject to such reserve, liquid asset, fee or similar requirements without benefit of or credit
        for proration, exemptions or offsets that may be available from time to time to any Lender under any applicable law, rule or regulation, including Regulation D of the Board.  The Statutory Reserve Rate shall be adjusted automatically on and as of
        the effective date of any change in any reserve percentage.

       

      “Subordinated Indebtedness” means any Indebtedness of the Borrower which is by its terms subordinated in right of payment to a Class of Loans.

       

      “Subsidiary” means, with respect to any Person (herein referred to as the “parent”), any corporation, partnership, association, or other business entity (a) of which securities or
        other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or more than 50% of the general partnership interests are, at the time any determination is being made, owned, controlled, or held by
        the parent, or (b) which is, at the time any determination is made, otherwise Controlled by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent.  Unless otherwise indicated, all
        references in this Agreement to “Subsidiaries” shall be construed as references to Subsidiaries of the Borrower.

       

      “Superpriority Claim” means a claim against any Loan Party in any of the Cases which is an administrative expense claim pursuant to Section 364(c)(1) of the Bankruptcy Code, having priority
        over any and all administrative expenses of the kind specified in Section 503(b) or 507(b) of the Bankruptcy Code.

       

      
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      “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.

       

      “Swap Obligations” means obligations under or with respect to Swap Contracts.

       

      “Swap Termination Value” means, in respect of any one 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 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 reasonably determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may
        include a Lender or any Affiliate of a Lender).

       

      “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 SOFR” means the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.

       

      “Test Period” means, on any date of determination, the period of four consecutive fiscal quarters of the Borrower then most recently ended (taken as one accounting period).

       

      “Transactions” means the execution, delivery and performance by the Borrower of this Agreement and the other Loan Documents, the borrowing of Loans, the use of the proceeds thereof and the
        issuance of Letters of Credit hereunder, the other transactions contemplated pursuant to the Acceptable Reorganization Plan, including the Corporate Reorganization and the Staggered Emergence, if applicable, and the payment of fees, costs and
        expenses (including all legal, accounting and other professional fees, costs and expenses) incurred or paid by the Borrower, or any Restricted Subsidiary associated or in connection with the Transactions.

       

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

       

      
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      “UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation
        Authority) or any person subject to 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.

       

      “Unadjusted Benchmark Replacement” means the Benchmark Replacement excluding the Benchmark Replacement Adjustment; provided that, if the Unadjusted Benchmark Replacement as so determined
        would be less than zero, the Unadjusted Benchmark Replacement will be deemed to be zero for the purposes of this Agreement.

       

      “Uniform Commercial Code” or “UCC” means the Uniform Commercial Code as the same may from time to time be in effect in the State of New York; provided that, if creation,
        perfection or the effect of perfection or non-perfection or the priority of any security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, “UCC” means the Uniform
        Commercial Code (or similar code or statute) as in effect from time to time in such other jurisdiction for purposes of the provisions hereof relating to such creation, perfection, effect of perfection or non-perfection or priority.

       

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

       

      “Wholly-Owned Subsidiary” of any Person means a Subsidiary of such Person, 100% of the outstanding Capital Stock or other ownership interests of which (other than directors’ qualifying
        shares) shall at the time be owned by such Person or by one or more Wholly-Owned Subsidiaries of such Person.

       

      “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 of the powers
        under that Bail-In Legislation that are related to or ancillary to any of those powers.

       

      
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      SECTION 1.02   Terms Generally.  The definitions of terms herein shall apply equally to the singular and
        plural forms of the terms defined.  Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms.  The words “include,” “includes” and “including” shall be deemed to be followed by the phrase
        “without limitation.”  The word “will” shall be construed to have the same meaning and effect as the word “shall.”  Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall
        be construed as referring to such agreement, instrument or other document as from time to time amended, extended, supplemented, replaced, renewed, refinanced, refunded, restated or otherwise modified (subject to any restrictions on the foregoing
        set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall be construed to refer to this
        Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement,
        (e) any reference to any law or regulation herein shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time (f) the words “asset” and “property” shall be construed to have the same
        meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights and (g) all references herein to times of day shall be references to New York City time.

       

      SECTION 1.03   Accounting Terms; GAAP.  Except as otherwise expressly provided herein, all terms of an
        accounting or financial nature in the Loan Documents shall be construed, and all computations and determinations as to accounting or financial matters pursuant to any Loan Document shall be made and prepared, in accordance with GAAP as in effect
        from time to time; provided that (a) the effects of any changes to FASB ASC 840 after the Closing Date shall be disregarded, (b) any obligations relating to a lease that was accounted for by any Person as an operating lease as of December
        31, 2018 and any similar lease entered into after the Closing Date by such Person shall be accounted for as obligations relating to an operating lease and not as Capital Lease Obligations and (c) other than in respect of any change to FASB ASC 840
        after the Closing Date, if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the Closing Date in GAAP or in the application thereof
        on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such
        change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such
        provision amended in accordance herewith.  To enable the ready and consistent determination of compliance with the covenants set forth in Article VI, the Borrower will not change the last day of its fiscal year from December 31, or the last days of
        the first three fiscal quarters in each of its fiscal years from March 31, June 30 and September 30, respectively.

       

      SECTION 1.04   Divisions.  For all purposes under the Loan Documents, in connection with any division or
        plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it
        shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized and acquired on the first date of its existence by
        the holders of its Equity Interests at such time.

       

      ARTICLE II

       

      THE CREDITS

       

      SECTION 2.01    The Commitments.

       

      
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      (a)          Revolving Facility.  Subject to the terms and conditions set forth herein, each Lender agrees to make Loans in U.S. Dollars to the Borrower from time to
        time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment or (b) the total Revolving Credit Exposures exceeding the total Commitments;
        provided, that unless certified by a Financial Officer that any such Borrowing is made pursuant to the Order following a Carve Out Trigger Notice, after giving effect to the making of any Revolving Loans,
        the aggregate Revolving Credit Exposures of all Revolving Lenders shall not exceed the aggregate Commitments less the Carve-Out Reserve Amount; provided, further,
        that solely for the period from the Closing Date to the Specified Letter of Credit Termination Date, after giving effect to the making of any Revolving Loans, the aggregate Revolving Credit Exposures of all Revolving Lenders shall not exceed the
        aggregate Commitments less $13,558,776. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans.  Notwithstanding anything to the contrary contained herein or in any
        other Loan Document, on the Closing Date, each Existing Letter of Credit shall constitute a “Letter of Credit” for all purposes of this Agreement and shall be deemed issued under this Agreement on the Closing Date.

       

      SECTION 2.02   Loans and Borrowings.

       

      (a)          Obligations of Lenders.  Each Loan shall be made as part of a Borrowing consisting of Loans made by the Lenders ratably in accordance
        with their respective Commitments. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender
        shall be responsible for any other Lender’s failure to make Loans as required.

       

      (b)          Type of Loans.  Subject to Section 2.11, each Borrowing shall be comprised entirely of ABR Loans or of Eurodollar Loans as the Borrower
        may request in accordance herewith.  Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect
        the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement.

       

      (c)          Minimum Amounts; Limitation on Number of Borrowings.  At the commencement of each Interest Period for any Eurodollar Borrowing, such
        Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 and not less than $1,000,000 (or, if less, an amount equal to  the entire unused balance of the total Commitments or that is required to finance the reimbursement of
        an LC Disbursement as contemplated by Section 2.22(f)).  At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 and not less than $1,000,000 (or, if less, an amount equal
        to  the entire unused balance of the total Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.22(f)).  Borrowings of more than one Type and Class may be outstanding at the same time; provided
        that there shall not at any time be more than a total of fifteen (15) Eurodollar Borrowings outstanding.

       

      (d)          Limitations on Interest Periods.  Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request
        (or to elect to convert to or continue as a Eurodollar Borrowing) any Borrowing if the Interest Period requested therefor would end after the applicable Maturity Date.

       

      SECTION 2.03   Requests for Borrowings.

       

      (a)         Notice by the Borrower.  To request a Borrowing, the Borrower shall notify the Administrative Agent of such request (i) in the case of
        a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of the proposed Borrowing, or (ii) in the case of an ABR Borrowing, not later than 12:00 noon, New York City time, on the date of the
        proposed Borrowing (or, in each case, such shorter period as may be agreed to by the Administrative Agent in consultation with the applicable Lenders).  Each such Borrowing Request shall be irrevocable.

       

      
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      (b)          Content of Borrowing Requests.  Each Borrowing Request shall specify the following information in compliance with Section 2.02:

       

      	

            	(i)	
              the aggregate amount of the requested Borrowing;

            

       

      	

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

            

       

      	

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

            

       

      	

            	(iv)	
              in the case of a Eurodollar Borrowing, the Interest Period therefor, which shall be a period contemplated by the definition of the term “Interest Period” and permitted under Section 2.02(d); and

            

       

      	

            	(v)	
              the location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.04.

            

       

      (c)         Notice by the Administrative Agent to the Lenders.  Promptly following receipt of a Borrowing Request in accordance with this Section,
        the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.

       

      (d)         Failure to Elect.  If no election as to the Type of a Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing. 
        If no Interest Period is specified with respect to any requested Eurodollar Borrowing, the Borrower shall be deemed to have selected an Interest Period of one month’s duration.

       

      SECTION 2.04   Funding of Borrowings.

       

      (a)          Funding by Lenders.  Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of
        immediately available funds by (i) 12:00 noon, New York City time, in the case of a Eurodollar Borrowing, and (ii) 3:00 p.m., New York City time, in the case of an ABR Borrowing, in each case to the account of the Administrative Agent most recently
        designated by it for such purpose by notice to the Lenders.  The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower agreed between the
        Borrower and the Administrative Agent; provided that ABR Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.22(f) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

       

      (b)          Presumption by the Administrative Agent.  Unless the Administrative Agent shall have received notice from a Lender prior to (i) the
        proposed date of any Eurodollar Borrowing or (ii) in the case of any proposed ABR Borrowing, 3:00 p.m., New York City time, on the proposed date of such ABR 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 paragraph (a) of this Section 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 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 (i) in the case
        of a payment to be made by such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation and (ii) in the case of a payment to be
        made by the Borrower, the interest rate applicable to ABR 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.

       

      
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      SECTION 2.05    Interest Elections.

       

      (a)          Elections by the Borrower.  The Loans comprising each Borrowing initially shall be of the Type specified in the applicable Borrowing
        Request and, in the case of a Eurodollar Borrowing, shall have the Interest Period specified in such Borrowing Request.  Thereafter, the Borrower may elect to convert such Borrowing to a Borrowing of a different Type or to continue such Borrowing
        as a Borrowing of the same Type and, in the case of a Eurodollar Borrowing, may elect the Interest Period therefor, all as provided in this Section.  The Borrower may elect different options with respect to different portions of the affected
        Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing.

       

      (b)         Notice of Elections.  To make an election pursuant to this Section, the Borrower shall notify the Administrative Agent of such election
        by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election.  Each such Interest Election Request
        shall be irrevocable.

       

      (c)          Content of Interest Election Requests.  Each Interest Election Request shall specify the following information in compliance with
        Section 2.02:

       

      	

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

            

       

      	

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

            

       

      	

            	(iii)	
              whether the resulting Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; and

            

       

      	

            	(iv)	
              if the resulting Borrowing is a Eurodollar Borrowing, the Interest Period therefor after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period” and permitted under Section
                2.02(d).

            

       

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

           

          (e)           Failure to Elect; Events of Default.  If the Borrower fails to deliver a timely and complete
              Interest Election Request with respect to a Eurodollar Borrowing prior to the end of the Interest Period therefor, then, unless such Eurodollar Borrowing is repaid as provided herein, the Borrower shall be deemed to have selected an Interest
              Period of one month’s duration.

           

          Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the
            Borrower, then, so long as an Event of Default is continuing (i) no outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing at the
            end of the Interest Period therefor.

           

          SECTION 2.06    Termination

                and Reduction of Commitments.

           

          (a)           Scheduled Termination.  Unless previously terminated, the Commitments shall terminate on the
              Maturity Date.

           

          (b)          Voluntary Termination or Reduction.  The Borrower may at any time terminate, or from time to
              time reduce, the Commitments; provided that (i) each partial reduction of the Commitments shall be in an amount that is $10,000,000 or a larger multiple of $1,000,000 (or, if less, the remaining amount of any Commitments) and (ii) the
              Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.08, the total Revolving Credit Exposures would exceed either (i) following a Carve Out
              Trigger Notice in accordance with the Order, the total Commitments or (ii) at all other times, the total Commitments less the Carve-Out Reserve Amount.

           

          (c)          Notice of Voluntary Termination or Reduction.  The Borrower shall notify the Administrative
              Agent of any election to terminate or reduce the Commitments under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date
              thereof.  Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents thereof.  Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a
              notice of termination of the Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities or another transaction (such as a change of control transaction) or other
              incurrence of Indebtedness, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.

           

          (d)          Effect of Termination or Reduction.  Any termination or reduction of the Commitments shall be
              permanent.  Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Commitments.

           

          SECTION 2.07    Repayment

                and Amortization of Loans; Evidence of Debt.

           

          (a)          Repayment.  The Borrower hereby unconditionally promises to pay to the Administrative Agent for
              account of the Lenders the outstanding principal amount of the Loans on the Maturity Date.

           

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

           

          (c)          Maintenance of Records by the Administrative Agent.  The Administrative Agent shall maintain
              records (including the Register maintained pursuant to Section 9.04(c)) in which it shall record (i) the amount of each Loan made hereunder, the Type thereof and each Interest Period therefor, (ii) the amount of any principal or interest due
              and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder for account of the Lenders and each Lender’s share thereof.

           

          (d)          Effect of Entries.  The entries made in the records maintained pursuant to paragraph (c) or (d)
              of this Section (including the Register maintained pursuant to Section 9.04(c)) shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that
              the failure of any Lender or the Administrative Agent to maintain such records or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans in accordance with the terms of this Agreement.

           

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

           

          SECTION 2.08   Prepayment of Loans.

           

          (a)           The Borrower shall have the right at any time and from time to time to prepay Loans in whole or in
              part, without premium or penalty, but subject to the break funding payments required by Section 2.13 and subject to prior notice in accordance with the provisions of Section 2.08(b); provided that each such prepayment shall be in an
              amount that is an integral multiple of $1,000,000 and in a minimum amount of $5,000,000 (or, if less, the remaining amount of any Loan).

           

          (b)           If the total Revolving Credit Exposures shall exceed either (i) following a Carve Out Trigger Notice
              in accordance with the Order, the total Commitments or (ii) at all other times, the total Commitments less the Carve-Out Reserve Amount at any time, the Borrower shall immediately prepay Loans (or, if no Loan are outstanding, cash
              collateralize outstanding LC Exposure) to eliminate such excess.

           

          (c)          The Borrower shall notify the Administrative Agent by telephone (as confirmed by telecopy) of any
              prepayment of a Borrowing hereunder (i) in the case of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three (3) Business Days before the date of such prepayment, and (ii) in the case of an ABR Borrowing, not later than
              12:00 noon, New York City time, on the date of such prepayment.  Each such notice shall be irrevocable; provided that a notice of prepayment delivered by the Borrower may state that such notice
              is conditioned upon the effectiveness of another credit facility, the closing of a securities offering or other transaction, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the
              specified prepayment date) if such condition is not satisfied.  Each such notice shall specify the prepayment date, the Class of Loans to be prepaid, the principal amount of each Borrowing or portion thereof to be prepaid and, in the case of
              a mandatory prepayment, a reasonably detailed calculation of the amount of such prepayment.  Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents thereof.  Each partial prepayment of
              any Borrowing shall be in an amount that would be permitted in the case of a Borrowing of the same Type as provided in Section 2.02, except as necessary to apply fully the required amount of a mandatory prepayment.  Each prepayment of a
              Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing and otherwise in accordance with this Section 2.08.  Prepayments shall be accompanied by accrued interest to the extent required by Section 2.10.

           

          

          
            47

            
              

          

          SECTION 2.09    Fees.

           

          (a)          Commitment Fees.  The Borrower agrees to pay to the Administrative Agent for the account of
              each Lender a commitment fee, which shall accrue at a rate equal to 0.375% per annum on the average daily unused amount of the Commitment of such Lender during the period from and including the Closing Date to but excluding the date such
              Commitment terminates.  Accrued commitment fees shall be payable in arrears on each Quarterly Date and on the date the Commitments terminate, commencing on the first such date to occur after the Closing Date.  All commitment fees shall be
              computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).  For purposes of computing commitment fees, the Commitment of a Lender shall be
              deemed to be used to the extent of the outstanding Loans and LC Exposure of such Lender.

           

          (b)         Letter of Credit Fees.  The Borrower agrees to pay (i) to the Administrative Agent for account
              of each Lender a participation fee with respect to its participations in Letters of Credit, which shall accrue at a rate per annum equal to the Applicable Rate applicable to interest on Eurodollar Loans on the average daily amount of such
              Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Closing Date to but excluding the later of the date on which such Lender’s Commitment terminates and
              the date on which such Lender ceases to have any LC Exposure, and (ii) to the applicable Issuing Bank a fronting fee, which shall accrue at the rate of 0.125% per annum on the average daily amount of the LC Exposure of Letters of Credit
              issued by such Issuing Bank (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Closing Date to but excluding the later of the date of termination of the Commitments and the
              date on which there ceases to be any LC Exposure, as well as the applicable Issuing Bank’s standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. 
              Participation fees and fronting fees accrued through and including each Quarterly Date shall be payable on the third Business Day following such Quarterly Date, commencing on the first such date to occur after the Closing Date; provided
              that all such fees shall be payable on the date on which the Commitments terminate and any such fees accruing after the date on which the Commitments terminate shall be payable on demand.  Any other fees payable to the applicable Issuing Bank
              pursuant to this paragraph shall be payable within 10 days after demand.  All participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the
              first day but excluding the last day).

           

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

           

          (d)          Payment of Fees.  All fees payable hereunder shall be paid on the dates due, in immediately
              available funds, to the Administrative Agent for distribution, in the case of ticking fees, to the Lenders entitled thereto.  Fees paid shall not be refundable under any circumstances.

           

          

          
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          SECTION 2.10   Interest.

           

          (a)          ABR Loans.  The Loans comprising each ABR Borrowing shall bear interest at a rate per annum
              equal to the Alternate Base Rate plus the Applicable Rate.

           

          (b)          Eurodollar Loans.  The Loans comprising each Eurodollar Borrowing shall bear interest at a rate
              per annum equal to the Adjusted LIBO Rate for the Interest Period for such Borrowing plus the Applicable Rate.

           

          (c)          Default Interest.  Notwithstanding the foregoing, if any principal of or interest on any Loan
              or any fee or other amount payable by the Borrower hereunder is not paid when due (after giving effect to any applicable grace period), whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after
              as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal amounts, 2% per annum above the interest rate otherwise applicable thereto pursuant to this Section 2.10 and (ii) in the case of other overdue
              amounts, 2% plus the Alternate Base Rate.

           

          (d)          Payment of Interest.  Accrued interest on each Loan shall be payable in arrears on each
              Interest Payment Date for such Loan and on the applicable Maturity Date; provided that (i) interest accrued pursuant to paragraph (c) of this Section shall be payable on demand; (ii) in the event of any repayment or prepayment of any
              Loan, accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Eurodollar Borrowing prior to the end of the Interest Period
              therefor, accrued interest on such Borrowing shall be payable on the effective date of such conversion.

           

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

           

          SECTION 2.11    Alternate Rate of Interest.  (a) If prior to the commencement of the Interest Period for any Eurodollar Borrowing:

           

          
            
              	 	
                      (i)

                    	
                      the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted
                        LIBO Rate or the LIBO Rate, as applicable (including because the LIBO Screen Rate is not available or published on a current basis), for such Interest Period; or

                    

            

          

           

          	

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

                

           

          then the Administrative Agent shall give notice thereof to the Borrower and the Lenders as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrower and the
            Lenders that the circumstances giving rise to such notice no longer exist, (A) any Interest Election Request that requests the conversion of any Borrowing to, or the continuation of any Borrowing as, a Eurodollar Borrowing shall be ineffective
            and such Borrowing (unless prepaid) shall be continued as, or converted to, an ABR Borrowing upon the expiration of the Interest Period applicable thereto and (B) if any Borrowing Request requests an Eurodollar Loan, such Borrowing shall be
            made as an ABR Borrowing.

           

          
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          (b)          (i)         Notwithstanding anything to the contrary herein or in any other Loan Document, upon the
              occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, the Administrative Agent and the Borrower may amend this Agreement to replace the Adjusted LIBO Rate with a Benchmark Replacement. Any such amendment with
              respect to a Benchmark Transition Event or an Early Opt-in Election will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all Lenders and the Borrower, so long
              as the Administrative Agent has not received, by such time, written notice of objection to such proposed amendment from Lenders comprising the Required Lenders; provided that, with respect to any
              proposed amendment containing any SOFR-Based Rate, the Lenders shall be entitled to object only to the Benchmark Replacement Adjustment contained therein.  No replacement of Adjusted LIBO Rate with a Benchmark Replacement will occur prior to
              the applicable Benchmark Transition Start Date.  In connection with the implementation of a Benchmark Replacement, the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and,
              notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this
              Agreement.

           

          (ii)      The Administrative Agent will promptly notify the Borrower and the Lenders of (i) any
              occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable,  (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes and (iv) the commencement or
              conclusion of any Benchmark Unavailability Period.  Any determination, decision or election that may be made by the Administrative Agent, the Borrower or Lenders pursuant to this Section 2.11(b), including any determination with respect to a
              tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action, will be conclusive and binding absent manifest error and may be made in its or
              their sole discretion and without consent from any other party hereto, except, in each case, as expressly required pursuant to this Section 2.11(b).

           

          (iii)      Upon the Borrower’s receipt of notice of the commencement of a Benchmark
              Unavailability Period, (i) any Borrowing Notice that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurodollar Borrowing shall be ineffective and (ii) if any Borrowing Notice requests a Eurodollar
              Borrowing, such Borrowing shall be made as an ABR Borrowing.

           

          (iv)      Except as otherwise provided in this Agreement, the Administrative Agent does not
              warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to the London interbank offered rate or other rates in the definition of “Adjusted LIBO
              Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof (including, without limitation, (i) any such alternative, successor or replacement rate implemented pursuant to this Section 2.11(b), whether upon
              the occurrence of a Benchmark Transition Event or an Early Opt-in Election, and (ii) the implementation of any Benchmark Replacement Conforming Changes pursuant to this Section 2.11(b), including without limitation, whether the composition or
              characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce the same value or economic equivalence of, the Adjusted LIBO Rate or have the same volume or liquidity as did the London interbank
              offered rate prior to its discontinuance or unavailability) other than, in each case, to the extent of the Administrative Agent’s gross negligence, bad faith or willful misconduct as determined by a court of competent jurisdiction in a final
              and non-appealable decision.   Nothing in this Section shall constitute a representation or warranty by the Borrower or any of its Restricted Subsidiaries nor can it constitute the basis of any Default or Event of Default.

           

          
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          SECTION 2.12    Increased Costs; Illegality.

           

          (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 assets of, deposits with or for the account of, or credit extended or
                        participated in by, any Lender (except any reserve requirement reflected in the Adjusted LIBO Rate) or any Issuing Bank;

                    

            

          

           

          	 	(ii)	
                  result in any increase in Tax to any Lender or any Issuing Bank (except for Indemnified Taxes or Other Taxes covered by Section 2.14 and any Excluded Taxes); or

                

           

          	 	(iii)	
                  impose on any Lender or any Issuing Bank or the London interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement or Eurodollar 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 or maintaining any Eurodollar Loan (or of maintaining its obligation to make any such Loan) or to
            increase the cost to such Lender or such Issuing Bank 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 Issuing Bank hereunder (whether of principal, interest or any other amount), in each case by an amount reasonably deemed by such Lender to be material, then, upon request of such Lender or such
            Issuing Bank, the Borrower will pay to such Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Bank, as the case may be, for such additional costs incurred or
            reduction suffered.

           

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

           

          
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          (c)         Certificates for Reimbursement.  A certificate of a Lender or an Issuing Bank setting forth the
              amount or amounts necessary to compensate such Lender or such Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section and delivered to the Borrower shall be conclusive absent manifest
              error.  The Borrower shall pay such Lender or such Issuing Bank, as the case may be, the amount due hereunder within 15 days after receipt of any such certificate.

           

          (d)         Delay in Requests.  Failure or delay on the part of any Lender or any Issuing Bank to demand
              compensation pursuant to this Section shall not constitute a waiver of such Lender’s or such Issuing Bank’s right to demand such compensation, provided that the Borrower shall not be required to compensate a Lender or an Issuing Bank
              pursuant to this Section for any increased costs incurred or reductions suffered more than 120 days prior to the date that such Lender or such Issuing Bank, as the case may be, notifies the Borrower in writing of the Change in Law giving rise
              to such increased costs or reductions and of such Lender’s or such Issuing Bank’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 120-day
              period referred to above shall be extended to include the period of retroactive effect thereof).

           

          (e)          Termination.  If any Lender shall have delivered a notice or certificate pursuant to paragraph
              (c) above, the Borrower shall have the right, at its own expense, upon notice to such Lender and the Administrative Agent, to require such Lender to terminate its Commitment (if outstanding) and to pay such Lender in immediately available
              funds the principal of and interest accrued to the day of payment on the Loans made by such Lender hereunder and all other amounts accrued for its account or owed to it hereunder (including under Section 2.13); provided that no such
              termination shall conflict with any law, rule, or regulation or order of any Governmental Authority.

           

          (f)           Illegality.  If any Lender reasonably determines that any Law has made it unlawful, or that
              any Governmental Authority has asserted that it is unlawful, for any Lender to make, maintain or fund any Eurodollar Loans, or to determine or charge interest rates based upon Adjusted LIBO Rate, then, on notice thereof by such Lender to the
              Borrower through the Administrative Agent, any obligation of such Lender to make or continue any affected Eurodollar Loans or to convert ABR Loans to such Eurodollar Loans shall be suspended 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, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Loans and
              shall upon demand from such Lender (with a copy to the Administrative Agent), prepay or, convert all then outstanding affected Eurodollar Loans of such Lender to ABR Loans, either on the last day of the Interest Period therefor, if such
              Lender may lawfully continue to maintain such Eurodollar Loans to such day, or promptly, if such Lender may not lawfully continue to maintain such Eurodollar Loans.  Upon any such prepayment or conversion, the Borrower shall also pay accrued
              interest on the amount so prepaid or converted and all amounts due, if any, in connection with such prepayment or conversion under Section 2.13.

           

          SECTION 2.13   Break Funding Payments.  In the event of (a) the payment of any principal of any Eurodollar Loan other than on the last day of the Interest Period therefor (including as a result of an Event of Default),
              (b) the conversion of any Eurodollar Loan other than on the last day of the Interest Period therefor, (c) the failure to borrow, convert, continue or prepay any Eurodollar Loan on the date specified by the Borrower in any notice delivered
              pursuant hereto (regardless of whether such notice is permitted to be revocable under Section 2.08(b) and is revoked in accordance herewith), or (d) the assignment as a result of a request by the Borrower pursuant to Section 2.16(b) or
              Section 2.12(e) of any Eurodollar Loan other than on the last day of the Interest Period therefor, then, in any such event, the Borrower shall compensate each Lender for its loss, cost and expense (excluding lost profits) attributable to such
              event.  In the case of a Eurodollar Loan, the loss to any Lender attributable to any such event shall be deemed to include an amount reasonably determined by such Lender to be equal to the excess, if any, of (i) the amount of interest that
              such Lender would pay for a deposit equal to the principal amount of such Loan for the period from the date of such payment, conversion, failure or assignment to the last day of the Interest Period for such Loan (or, in the case of a failure
              to borrow, convert or continue, the duration of the Interest Period that would have resulted from such borrowing, conversion or continuation) if the interest rate payable on such deposit were equal to the Adjusted LIBO Rate for such Interest
              Period, over (ii) the amount of interest that such Lender would earn on such principal amount for such period if such Lender were to invest such principal amount for such period at the interest rate
              that would be bid by such Lender (or an affiliate of such Lender) for Dollar deposits from other banks in the eurodollar market at the commencement of such period.  A certificate of any Lender setting forth any amount or amounts that such
              Lender is entitled to receive pursuant to this Section shall be delivered to the Borrower and shall be conclusive absent manifest error.  The Borrower shall pay such Lender the amount due hereunder within 15 days after receipt of any such
              certificate.

           

          

          
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          SECTION 2.14    Taxes.

           

          (a)          Any and all payments by or on account of any obligation of the Borrower hereunder or under any other
              Loan Document shall be made free and clear of and without reduction or withholding for any Taxes; provided that, if the Borrower or other applicable withholding agent shall be required by applicable law (as determined in the good
              faith discretion of the applicable withholding agent) to deduct and withhold any Taxes, then the applicable withholding agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to
              the relevant Governmental Authority in accordance with applicable law and, if such Tax is an Indemnified Tax or an Other Tax, then the sum payable shall be increased by the Borrower as necessary so that after all required deductions have been
              made (including deductions applicable to additional sums payable under this Section 2.14) each Lender or Issuing Bank, as the case may be (or, in the case of a payment made to the Administrative Agent for its own account, the Administrative
              Agent) receives an amount equal to the sum it would have received had no such deductions or withholdings been made.

           

          (b)          Without limiting the provisions of paragraph (a) above, the Borrower shall timely pay or, at the
              option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes to the relevant Governmental Authority in accordance with applicable law.

           

          (c)          The Borrower shall indemnify the Administrative Agent, each Lender and each Issuing Bank, within 10
              days after demand therefor, for the full amount of any Indemnified Taxes payable by the Administrative Agent, such Lender or such Issuing Bank, as the case may be, on or with respect to any payment by or on account of any obligation of the
              Borrower hereunder or under any other Loan Document and any Other Taxes payable by the Administrative Agent, such Lender or such Issuing Bank (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts
              payable under this Section 2.14) and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority.  A
              certificate as to the amount of such payment or liability delivered to the Borrower by a Lender or an Issuing Bank (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender or an
              Issuing Bank, shall be conclusive absent manifest error.

           

          (d)         Each Lender shall severally indemnify the Administrative Agent, within ten (10) days after demand
              therefor, for (i) any Indemnified Taxes or Other Taxes attributable to such Lender (but only to the extent that the Borrower has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation
              of the Borrower to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 9.04(d) relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender,
              in each case, that are payable or paid by the Administrative Agent 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 hereby authorizes the
              Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the
              Administrative Agent under this paragraph (d).

           

          
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          (e)          As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a
              Governmental Authority, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other
              evidence of such payment reasonably satisfactory to the Administrative Agent.

           

          (f)           (1)  Each Lender or Issuing Bank that is entitled to an exemption from or reduction of any applicable
              withholding Tax (including backup withholding Tax), with respect to any payment under any Loan Document shall deliver to the Borrower and the Administrative Agent at any time or times reasonably requested by the Borrower or the Administrative
              Agent, such properly completed and executed documentation as may be prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent to permit such payments to be made without such withholding Tax or at a
              reduced rate.  Each Lender or Issuing Bank hereby authorizes the Administrative Agent to deliver to the Borrower and to any successor Administrative Agent any documentation provided to the Administrative Agent pursuant to this Section
              2.14(e).

           

          (ii)         Without limiting the generality of the foregoing, any Foreign Lender or Issuing
              Bank shall 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 or Issuing Bank becomes a party under this Agreement (and
              from time to time thereafter upon the request of the Borrower or the Administrative Agent, but only if such Foreign Lender or Issuing Bank is legally eligible to do so), whichever of the following is applicable:

           

          (I)           duly completed copies of Internal Revenue Service Form
              W‐8BEN or W‐8BEN-E, as applicable (or any successor forms) claiming eligibility for benefits of an income tax treaty to which the United States is a party,

           

          (II)          duly completed copies of Internal Revenue Service Form
              W‐8ECI (or any successor forms),

           

          (III)        in the case of a Foreign Lender or Issuing Bank claiming the
              benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate, in substantially the form of Exhibit F‐1, or any other form approved by the Administrative Agent, to the effect that such Foreign
              Lender or Issuing Bank is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or (C) a “controlled foreign
              corporation” described in Section 881(c)(3)(C) of the Code, and that no payments in connection with the Loan Documents are effectively connected with such Foreign Lender’s or Issuing Bank’s conduct of a U.S. trade or business and (y) duly
              completed copies of Internal Revenue Service Form W‐8BEN or W‐8BEN-E, as applicable (or any successor forms),

           

          
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          (IV)       to the extent a Foreign Lender or Issuing Bank is not the beneficial owner (for
              example, where the Foreign Lender or Issuing Bank is a partnership, or a participating Lender granting a typical participation), an Internal Revenue Service Form W‐8IMY (or any successor form), accompanied by a Form W‐8ECI, W‐8BEN, W‐8BEN-E,
              a certificate in substantially the form of Exhibit F‐2, Exhibit F‐3 or Exhibit F‐4, as applicable, Form W‐9, and/or other certification documents from each beneficial owner, as applicable; provided that, if the
              Foreign Lender or Issuing Bank is a partnership (and not a participating Lender) and one or more direct or indirect partners of such Foreign Lender or Issuing Bank are claiming the portfolio interest exemption, such Foreign Lender or Issuing
              Bank shall provide a certificate, in substantially the form of Exhibit F‐3, on behalf of such beneficial owner(s) (in lieu of requiring each beneficial owner to provide such certificate); and

           

          (V)         any other form prescribed by applicable laws 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 requirements of law to permit the Borrower and the Administrative Agent to determine the
              withholding or deduction required to be made.

           

          (iii)        If a payment made to a Lender or Issuing Bank under any
              Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender or Issuing Bank were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b)
              of the Code, as applicable), such Lender or Issuing Bank shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by 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 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, determine whether such Lender or Issuing Bank has complied with such Lender’s or Issuing Bank’s obligations under FATCA and to determine the amount, if
              any, to deduct and withhold from such payment.  Solely for purposes of this clause (iii), “FATCA” shall include any amendments made to FATCA after the Closing Date.

           

          (iv)         Any Lender or Issuing Bank that is a “United States person” (within the meaning of Section 7701(a)(30)
              of the Code) shall deliver to the Borrower and the Administrative Agent on or prior to the date on which such Lender becomes a party under this Agreement (and from time to time thereafter as prescribed by applicable law or upon the request of
              the Borrower or the Administrative Agent), duly executed and properly completed copies of Internal Revenue Service Form W‐9 certifying that it is not subject to U.S. federal backup withholding.

           

          Each Lender or Issuing Bank shall, whenever a lapse in time or change in such Lender’s or Issuing Bank’s circumstances renders any such forms, certificates or other
            documentation so delivered pursuant to this Section 2.14(e) obsolete, expired or inaccurate in any respect, promptly (1) deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient)
            renewals, amendments or additional or successor documentation (including any new documentation reasonable requested by the Borrower or the Administrative Agent), properly completed and duly executed by such Lender or Issuing Bank, together with
            any other certificate or statement of exemption required in order to confirm or establish such Lender’s or Issuing Bank’s status or that such Lender or Issuing Bank is entitled to an exemption from or reduction in any applicable withholding Tax
            or (2) notify Administrative Agent and the Borrower of its legal ineligibility to deliver any such forms, certificates or other documentation.

           

          
            55

            
              

          

          On or before the date the Administrative Agent (or any successor thereto) becomes a party to this Agreement, the Administrative Agent shall provide to the Borrower, two
            duly-signed, properly completed copies of the documentation prescribed in clause (i) or (ii) below, as applicable (together with all required attachments thereto): (i) Internal Revenue Service Form W-9 or any successor thereto, or (ii) (A)
            Internal Revenue Service Form W-8ECI or any successor thereto, and (B) with respect to payments received on account of any Lender, a U.S. branch withholding certificate on Internal Revenue Service Form W-8IMY or any successor thereto evidencing
            its agreement with the Borrower to be treated as a U.S. Person for U.S. federal withholding purposes. At any time thereafter, the Administrative Agent shall provide updated documentation previously provided (or a successor form thereto) when
            any documentation previously delivered has expired or become obsolete or invalid or otherwise upon the reasonable request of the Borrower.

           

          Notwithstanding any other provision of this Section 2.14(e), a Lender or Issuing Bank shall not be required to deliver any documentation that such Lender or Issuing Bank is
            not legally eligible to deliver.

           

          (g)          If the Administrative Agent, a Lender or an Issuing Bank determines, in its sole discretion, that it
              has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section 2.14, it shall pay to the Borrower an
              amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section 2.14 with respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of all
              out-of-pocket expenses of the Administrative Agent, such Lender or such Issuing Bank, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided
              that the Borrower, upon the request of the Administrative Agent, such Lender or such Issuing Bank, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental
              Authority) to the Administrative Agent, such Lender or such Issuing Bank in the event the Administrative Agent, such Lender or such Issuing Bank is required to repay such refund to such Governmental Authority.  This Section 2.14(f) shall not
              be construed to require the Administrative Agent, any Lender or any Issuing Bank to make available its Tax returns (or any other information relating to its Taxes that it deems confidential in its reasonable discretion) to the Borrower or any
              other Person.

           

          (h)         Solely for purposes of FATCA, this Agreement and all Loans made hereunder have, at all times, not
              qualified as “grandfathered obligations” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).

           

          (i)            For the avoidance of doubt, the term “applicable law” in this Section 2.14 includes FATCA.

           

          SECTION 2.15    Payments Generally; Pro Rata
                Treatment; Sharing of Setoffs.

           

          (a)         Payments by the Borrower.  The Borrower shall make each payment required to be made by it
              hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.12, Section 2.13 or Section 2.14, or otherwise), or under any other Loan Document (except to the extent otherwise
              provided therein), prior to 2:00 pm, New York City time, on the date when due, in immediately available funds, without setoff or counterclaim.  Any amounts received after such time on any date may, in the discretion of the Administrative
              Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon.  All such payments shall be made to the Administrative Agent at its offices at the address provided pursuant to Section
              9.01, except as otherwise expressly provided in the relevant Loan Document and except payments to be made directly to an Issuing Bank as expressly provided herein and payments pursuant to Section 2.12, Section 2.13, Section 2.14 and Section
              9.03, which shall be made directly to the Persons entitled thereto.  The Administrative Agent shall distribute any such payments received by it for account of any other Person to the appropriate recipient promptly following receipt thereof. 
              If any payment hereunder or other action to be taken by the Borrower hereunder or under any other Loan Document shall be due on a day that is not a Business Day, the date for payment or action shall be extended to the next succeeding Business
              Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.  All payments hereunder or under any other Loan Document (except to the extent otherwise provided therein) shall be
              made in Dollars.

           

          
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          (b)       Application of Insufficient Payments. Any payments received by the Administrative Agent (i) not
              constituting (A) a specific payment of principal, unreimbursed LC Disbursements, interest, fees or other sum payable under the Loan Documents (which shall be applied as specified by the Borrower), (B) a mandatory prepayment (which shall be
              applied in accordance with Section 2.08), or (C) proceeds of any Collateral, or (ii) after an Event of Default has occurred and is continuing and the Administrative Agent so elects or the Required Lenders so direct to exercise remedies in
              accordance with the terms of the Loan Documents, shall be applied, (i) first, to pay interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of
              interest and fees then due to such parties, and (ii) second, to pay principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to
              such parties. For the avoidance of doubt, for purposes of this Section 2.15(b), unreimbursed LC Disbursements shall be treated the same as principal then due hereunder.

           

          (c)         Pro Rata Treatment.  Except to the extent otherwise expressly provided herein:  (i) each
              Borrowing shall be made from the Lenders, each payment of commitment fee under Section 2.09 shall be made for account of the Lenders, and each termination or reduction of the amount of the Commitments under Section 2.06 shall be applied to
              the respective Commitments of the Lenders, pro rata according to the amounts of their respective Commitments of the applicable Class; (ii) each Borrowing of a Class shall be allocated pro rata among the Lenders according to the amounts of their respective Commitments of such Class (in the case of the making of Loans) or their respective Loans of such Class that are to be included in
              such Borrowing (in the case of conversions and continuations of Loans); (iii) each payment or prepayment of principal of Loans of a Class by the Borrower shall be made for account of the Lenders pro rata
              in accordance with the respective unpaid principal amounts of the Loans of such Class held by them; and (iv) each payment of interest on Loans of a Class by the Borrower shall be made for account of the Lenders pro rata in accordance with the amounts of interest on such Loans of such Class then due and payable to the respective Lenders.

           

          (d)         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 its Loans or other obligations hereunder resulting in such Lender’s receiving payment of a proportion of the aggregate amount of its Loans and
              accrued interest thereon or other such obligations 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 such other obligations 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 are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of
                    such recovery, without interest; and

                

           

          	

                	(ii)	
                  the provisions of this paragraph shall not be construed to apply to (x) any payment made by 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) or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements to any
                    assignee or participant, other than to the Borrower or any Subsidiary thereof (as to which the provisions of this Section 2.15(d) shall apply).

                

           

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

           

          (e)           Payments by the Borrower; Presumptions by the 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 the Issuing Banks 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 the Issuing Banks, 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 the Issuing Banks, 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 Issuing Bank with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate
              and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.

           

          (f)          Certain Deductions by the Administrative Agent.  If any Lender shall fail to make any payment
              required to be made by it pursuant to Section 2.04, Section 2.15(e) or 2.22(e), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative
              Agent for account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid.

           

          SECTION 2.16    Mitigation

                Obligations; Replacement of Lenders.

           

          (a)         Designation of a Different Lending Office.  If any Lender requests compensation under Section
              2.12, or requires the Borrower to indemnify or pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.14, then such Lender shall 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, such designation or assignment (i)
              would eliminate or reduce amounts payable pursuant to Section 2.12 or Section 2.14, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to
              such Lender.  The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.

           

          (b)          Replacement of Lenders.  If any Lender requests compensation under Section 2.12, or if the
              Borrower is required to indemnify or pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.14, or if any Lender becomes a Defaulting Lender, or if any Lender shall withhold
              its consent (any such Lender, a “Non-Consenting Lender”) to any amendment, waiver or other modification to this Agreement or any other Loan Document that requires the consent of all the Lenders or each affected Lender and that has been
              consented to by the Required Lenders, 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 9.04), all of its interests, rights and obligations under this Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may
              be another Lender, if a Lender accepts such assignment); provided that:

           

          
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          	 	(i)	
                  the Borrower or applicable assignee shall have paid to the Administrative Agent the assignment fee (if any) specified in Section 9.04;

                

           

          	 	(ii)	
                  such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in LC Disbursements, accrued interest thereon, accrued fees and all other amounts
                    payable to it hereunder and under the other Loan Documents (including any amounts under Section 2.13) 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);

                

           

          	 	(iii)	
                  in the case of any such assignment resulting from a claim for compensation under Section 2.12 or payments required to be made pursuant to Section 2.14, such assignment will result in a reduction in such
                    compensation or payments thereafter;

                

           

          	 	(iv)	
                  such assignment does not conflict with applicable law;

                

           

          	 	(v)	
                  in the case of any assignment resulting from a Lender becoming a Non-Consenting Lender, the applicable assignee shall have consented to the applicable amendment, waiver or modification.

                

           

          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.  Each Lender agrees that, if the Borrower elects to replace such Lender in accordance with this Section 2.16, it shall promptly execute and deliver to the Administrative Agent an Assignment
            and Assumption to evidence the assignment and shall deliver to the Administrative Agent any promissory notes issued in respect of such Lender’s Loans; provided that the failure of any such Lender to execute an Assignment and Assumption
            shall not render such assignment invalid and such assignment shall be recorded in the Register.

           

          SECTION 2.17   Defaulting Lenders.  Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting
              Lender:

           

          (a)          commitment fees shall cease to accrue on the unfunded portion of the Commitment of
              such Defaulting Lender pursuant to Section 2.09(a);

           

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

           

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

           

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

           

           (ii)       if the reallocation described in clause (i) above cannot, or can only partially, be
              effected, the Borrower shall within three Business Days following notice by the Administrative Agent, without prejudice to any rights or remedies of the Borrower against such Defaulting Lender, cash collateralize such Defaulting Lender’s LC
              Exposure (after giving effect to any partial reallocation pursuant to clause (i) above) in accordance with the procedures set forth in Section 2.22(k) for so long as such LC Exposure is outstanding;

           

           (iii)      if the Borrower cash collateralizes any portion of such
              Defaulting Lender’s LC Exposure pursuant to Section 2.17(c), the Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.09(b) with respect to such Defaulting Lender’s LC Exposure during the period such
              Defaulting Lender’s LC Exposure is cash collateralized;

           

           (iv)       if the LC Exposure of the non-Defaulting Lenders is reallocated pursuant to Section
              2.17(c), then the fees otherwise payable to the Defaulting Lender pursuant to Section 2.09(b) shall be allocated among the non-Defaulting Lenders in accordance with such non-Defaulting Lenders’ Applicable Percentages of the applicable
              Revolving Facility; and

           

           (v)        if any Defaulting Lender’s LC Exposure is neither cash collateralized nor
              reallocated pursuant to Section 2.17(c), then, without prejudice to any rights or remedies of any Issuing Bank or any Lender hereunder, all commitment fees that otherwise would have been payable to such Defaulting Lender (solely with respect
              to the portion of such Defaulting Lender’s Commitment that was utilized by such LC Exposure) and letter of credit fees payable under Section 2.09(b) with respect to such Defaulting Lender’s LC Exposure shall be payable to the applicable
              Issuing Bank until such LC Exposure is cash collateralized and/or reallocated;

           

          (d)         so long as any Lender is a Defaulting Lender, the applicable
              Issuing Bank shall not be required to issue, amend or increase any Letter of Credit, unless the related exposure will be 100% covered by the Commitments of the non-Defaulting Lenders and/or cash collateral will be provided by the Borrower in
              accordance with Section 2.17(c), and participating interests in any such newly issued or increased Letter of Credit shall be allocated among non-Defaulting Lenders in a manner consistent with Section 2.17(c)(i) (and Defaulting Lenders shall not participate therein); and

           

          
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          (e)         any amount payable to such Defaulting Lender hereunder (whether on account of
              principal, interest, fees or otherwise and including any amount that would otherwise be payable to such Defaulting Lender pursuant to Section 2.15(d) but excluding Section 2.16(b)) shall, in lieu of  being distributed to such Defaulting
              Lender, be retained by the Administrative Agent in a segregated account and, subject to any applicable requirements of law, be applied at such time or times as may be determined by the Administrative Agent (i) first, to the payment of any
              amounts owing by such Defaulting Lender to the Administrative Agent hereunder, (ii) second, pro rata, to the payment of any amounts owing by such Defaulting Lender to such Issuing Bank hereunder,
              (iii) third, if so determined by the Administrative Agent or requested by an Issuing Bank, to be held in such account as cash collateral for future funding obligations of the Defaulting Lender of any participating interest in any Letter of
              Credit, (iv) fourth, 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, (v) fifth, if so determined by the
              Administrative Agent and the Borrower, held in such account as cash collateral for future funding obligations of the Defaulting Lender of any Loans under this Agreement, (vi) sixth, to the payment of any amounts owing to the Lenders or an
              Issuing Bank as a result of any judgment of a court of competent jurisdiction obtained by any Lender or such Issuing Bank against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement,
              (vii) seventh, 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 such Defaulting Lender as a result of such Defaulting Lender’s breach of its
              obligations under this Agreement, and (viii) eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if such payment is (x) a prepayment of the principal amount of any Loans or
              reimbursement obligations in respect of LC Disbursements for which a Defaulting Lender has funded its participation obligations and (y) made at a time when the conditions set forth in Section 4.02 are satisfied, such payment shall be applied
              solely to prepay the Loans of, and reimbursement obligations owed to, all non-Defaulting Lenders pro rata prior to being applied to the prepayment of any Loans, or reimbursement obligations owed to,
              any Defaulting Lender.

           

          In the event that the Administrative Agent, the Borrower and each Issuing Bank each agrees that a Defaulting Lender has adequately remedied all
            matters that caused such Lender to be a Defaulting Lender, then the LC Exposure of the Lenders shall be readjusted to reflect the inclusion of such Lender’s Commitment and on such date such Lender shall purchase at par such of the Loans of the
            other Lenders as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans in accordance with its Applicable Percentage.

           

          Subject to Section 9.15, 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.

           

          SECTION 2.18   [Reserved].

           

          
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          SECTION 2.19    Conversion to Exit Facility Agreement.  Subject to the last sentence of this paragraph, upon the satisfaction or
              waiver by each Lender of each of the conditions set forth in Annex I of the Exit Facility Term Sheet, automatically and without any further consent or action required by the Administrative Agent, any Lender, or any other Secured Party, (i)
              the Borrower (or the entity assuming and/or acquiring directly or indirectly the operations and assets of the Borrower in the Acceptable Reorganization Plan, and each Guarantor and each entity assuming the operations and assets of each
              Guarantor that is a Debtor in the Acceptable Reorganization Plan, to the extent such Person is required under the Exit Facility Term Sheet to continue to be a guarantor thereunder), shall assume all obligations in respect of the Loans and
              Letters of Credit hereunder and all other monetary obligations in respect hereof, (ii) each Loan and Letter of Credit hereunder shall be continued as a Loan or Letter of Credit under the Exit Facility Agreement, (iii) each Lender hereunder
              shall be a Lender under the Exit Facility Agreement and (iv) this Agreement shall terminate and be superseded and replaced in its entirety by, and deemed amended and restated in its entirety in the form of, the Exit Facility Agreement (with
              such changes and insertions thereto, as are reasonably satisfactory to the Administrative Agent and the Borrower, incorporated as necessary to make any technical changes necessary to effectuate the intent of this Section 2.19), and each of
              the Commitments hereunder shall automatically be Commitments under the Exit Facility Agreement.  Notwithstanding the foregoing, all obligations of the Borrower and the Guarantors to the Administrative Agent, the Collateral Agent, the Issuing
              Banks and the Lenders under this Agreement and any other Loan Document which are expressly stated in this Agreement or such other Loan Document as surviving such agreement’s termination shall, as so specified, survive without prejudice and
              remain in full force and effect.  Each of the Loan Parties, the Administrative Agent, the Lenders and the Issuing Banks shall take such actions and execute and deliver such agreements, instruments or other documents as the Administrative
              Agent may reasonably request to give effect to the provisions of this Section 2.19 and as are required to complete the schedules to the Exit Facility Agreement or other agreements contemplated thereby; provided,
              however, that any such action by the Administrative Agent, any of the Lenders or the Issuing Banks shall not be a condition precedent to the effectiveness of the Exit Facility Agreement if and to the
              extent so provided in the Confirmation Order.  Each Lender and Issuing Bank party hereto hereby agrees that, on the Conversion Date, (i) the Administrative Agent (in its capacity as Administrative Agent under the Exit Facility Agreement) may
              execute and deliver the Exit Facility Agreement (and any guaranty contemplated thereby) on its own behalf and on behalf of each such Lender and Issuing Bank and (ii) the Collateral Agent execute and deliver the security documents contemplated
              by the Exit Facility Term Sheet.  Notwithstanding the foregoing, this Section 2.19 shall cease to apply (x) if the Commitments have been terminated or (y) if an Event of Default set forth in Section 7.01(h) occurs and within two (2) Business
              Days of such occurrence, the Lenders have not agreed in their sole discretion in writing to extend such period or waive the provisions of this sentence.

           

          SECTION 2.20    [Reserved].

           

          SECTION
              2.21    [Reserved].

           

          SECTION 2.22    Letters of Credit.

           

          (a)          General.  Subject to the terms and conditions set forth herein, in addition to the Loans
              provided for in Section 2.01, the Borrower may request an Issuing Bank to issue, at any time and from time to time during the Availability Period, Letters of Credit for its own account in such form as is acceptable to the Administrative Agent
              and the applicable Issuing Bank in its reasonable determination.  Letters of Credit issued hereunder shall constitute utilization of the Commitments.

           

          (b)         Notice of Issuance, Amendment or Extension.  To request the issuance of a Letter of
              Credit (or the amendment or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable Issuing Bank)
              to an Issuing Bank and the Administrative Agent (at least three (3) Business Days in advance of the requested date of issuance, amendment or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of
              Credit to be amended or extended, and specifying the date of issuance, amendment or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (d) of this Section), the
              amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend or extend such Letter of Credit.  If requested by the applicable Issuing Bank, the Borrower
              also shall submit a letter of credit application on the applicable Issuing Bank’s standard form in connection with any request for a Letter of Credit.  In the event of any inconsistency between the terms and conditions of this Agreement and
              the terms and conditions of any form of letter of credit application or other agreement submitted by the Borrower to, or entered into by the Borrower with, the applicable Issuing Bank relating to any Letter of Credit, the terms and conditions
              of this Agreement shall control.  No Issuing Bank shall be under any obligation to issue any Letter of Credit (i) if the issuance of such Letter of Credit would violate one or more policies of such Issuing Bank now or hereafter applicable to
              letters of credit generally or (ii) if such Letter of Credit is not a standby letter of credit.

           

          
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          (c)           Limitations on Amounts.  A Letter of Credit shall be issued, amended or extended only if (A)
              (and upon issuance, amendment or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that) immediately after giving effect to such issuance, amendment or extension (i) the aggregate LC Exposure shall not
              exceed $625,000,000, (ii) the LC Exposure in respect of Letters of Credit issued by such Issuing Bank does not exceed its Letter of Credit Sublimit (unless such Issuing Bank agrees to do so in its sole discretion), (iii) the total Revolving
              Credit Exposures shall not exceed the total Commitments and (iv) solely for the period from the Closing Date to the Specified Letter of Credit Termination Date, the total Revolving Credit Exposures shall not exceed the total Commitments less
              $13,558,776 and (B) the Issuing Bank shall not have received written notice from the Administrative Agent (at the request of the Required Lenders) at least one Business Day prior to the requested date of issuance, amendment or extension that
              one or more of the conditions contained in Section 4.02 shall not be satisfied with respect thereto.

           

          (d)          Expiration Date.  Each Letter of Credit shall expire at or prior to the close of business on
              the earlier of (i) the date twelve months after the date of the issuance of such Letter of Credit and (ii) the date that is five Business Days prior to the Maturity Date; provided, that a Letter of Credit may provide for the automatic
              extension thereof for additional one-year periods (but shall in no event extend beyond the date referred to in clause (ii) above).

           

          (e)          Participations.  By the issuance of a Letter of Credit (or an amendment to a Letter of Credit
              increasing the amount thereof) by an Issuing Bank, and without any further action on the part of an Issuing Bank or the Lenders, the Issuing Bank hereby grants to each Lender, and each Lender hereby acquires from the applicable Issuing Bank,
              a participation in such Letter of Credit equal to such Lender’s Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit.  Each Lender acknowledges and agrees that its obligation to acquire
              participations and fund ABR Loans pursuant to this sentence of this clause (e) and the next sentence hereof in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any
              amendment or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the Commitments.

           

          In consideration and in furtherance of the foregoing, each Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the
            applicable Issuing Bank, such Lender’s Applicable Percentage of each LC Disbursement made by the applicable Issuing Bank promptly upon the request of the applicable Issuing Bank at any time from the time of such LC Disbursement until such LC
            Disbursement is reimbursed by the Borrower or at any time after any reimbursement payment is required to be refunded to the Borrower for any reason.  Each such payment shall be deemed to be an ABR Loan by such Lender and shall be made without
            any offset, abatement, withholding or reduction whatsoever.  Each such payment shall be made in the same manner as provided in Section 2.04 with respect to Loans made by such Lender (and Section 2.04 shall apply, mutatis mutandis, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to the applicable Issuing Bank the amounts so received by it from the Lenders.  Promptly following receipt by the
            Administrative Agent of any payment from the Borrower pursuant to the next following paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that the Lenders have made payments pursuant
            to this paragraph to reimburse the applicable Issuing Bank, then to such Lenders and the applicable Issuing Bank as their interests may appear.

           

          
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          (f)          Reimbursement.  If an Issuing Bank shall make any LC Disbursement in respect of a Letter of
              Credit, the Borrower shall reimburse the applicable Issuing Bank in respect of such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement not later than 3:00 p.m., New York City time, on (i) the
              Business Day that the Borrower receives notice of such LC Disbursement, if such notice is received prior to 10:00 a.m., New York City time, or (ii) the Business Day immediately following the day that the Borrower receives such notice, if such
              notice is not received prior to such time.  If the Borrower fails to make such payment when due, the Administrative Agent shall notify each Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof
              and such Lender’s Applicable Percentage thereof.  The Borrower’s obligations under this clause (f) shall be satisfied to the extent of the making of ABR Loans under clause (e) above.

           

          (g)         Obligations Absolute.  The Borrower’s obligation to reimburse LC Disbursements as provided in
              paragraph (f) of this Section shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of
              validity or enforceability of any Letter of Credit, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein
              being untrue or inaccurate in any respect, (iii) payment by an Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply strictly with the terms of such Letter of Credit, or (iv) any other
              event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, the Borrower’s
              obligations hereunder.

           

          Neither the Administrative Agent, the Lenders nor any Issuing Bank, nor any of their Related Parties, shall have any liability or responsibility by reason of or in
            connection with the issuance or transfer of any Letter of Credit by any Issuing Bank or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error,
            omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation
            of technical terms, any error in translation, or any consequence arising from causes beyond the control of an Issuing Bank; provided that the foregoing shall not be construed to excuse an Issuing Bank from liability to the Borrower to
            the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by any Issuing Bank’s
            failure to exercise care when determining whether documents presented under a Letter of Credit comply with the terms thereof.  The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of an
            Issuing Bank (as finally determined by a court of competent jurisdiction), the applicable Issuing Bank shall be deemed to have exercised care in each such determination, and that:

           

          	

                	(i)	
                  The applicable Issuing Bank may accept documents that appear on their face to be in substantial compliance with the terms of a Letter of Credit without responsibility for further investigation, regardless
                    of any notice or information to the contrary, and may make payment upon presentation of documents that appear on their face to be in substantial compliance with the terms of such Letter of Credit;

                

           

          	

                	(ii)	
                  The applicable Issuing Bank shall have the right, in its sole discretion, to decline to accept such documents and to make such payment if such documents are not in strict compliance with the terms of such
                    Letter of Credit; and

                

           

          
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          	 	(iii)	
                  this sentence shall establish the standard of care to be exercised by the applicable Issuing Bank when determining whether documents presented under a Letter of Credit comply with the terms thereof (and
                    the parties hereto hereby waive, to the extent permitted by applicable law, any standard of care inconsistent with the foregoing).

                

           

          (h)          Disbursement Procedures.  The applicable Issuing Bank shall, within a reasonable time following
              its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit.  The applicable Issuing Bank shall promptly after such examination notify the Administrative Agent and the Borrower of such
              demand for payment if the applicable Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the
              applicable Issuing Bank and the Lenders with respect to any such LC Disbursement.

           

          (i)           Interim Interest.  If the applicable Issuing Bank shall make any LC Disbursement, then, unless
              the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date
              that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement (including through the making of ABR Loans as contemplated
              above), when due pursuant to paragraph (f) of this Section, then Section 2.10(c) shall apply.  Interest accrued pursuant to this paragraph shall be for account of the applicable Issuing Bank, except that interest accrued on and after the date
              of payment by any Lender pursuant to paragraph (f) of this Section to reimburse the applicable Issuing Bank shall be for account of such Lender to the extent of such payment.

           

          (j)           Replacement of an Issuing Bank.  An Issuing Bank may be replaced at any time by written
              agreement between the Borrower, the Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank.  The Administrative Agent shall notify the Lenders of any such replacement of the Issuing Bank.  At the time any such
              replacement shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.09(b).  From and after the effective date of any such replacement, (i) the successor Issuing
              Bank shall have all the rights and obligations of the Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor
              or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require.  After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue
              to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.

           

          (k)          Cash Collateralization.  If any Event of Default shall occur and be continuing, on the Business
              Day that the Borrower receives notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Lenders with LC Exposure representing more than 50% of the total LC Exposure) demanding the
              deposit of cash collateral pursuant to this paragraph, the Borrower shall immediately deposit into an account established and maintained on the books and records of the Administrative Agent, which account may be a “securities account” (within
              the meaning of Section 8-501 of the Uniform Commercial Code as in effect in the State of New York), in the name of the Administrative Agent and for the benefit of the Lenders, an amount in cash equal to the LC Exposure as of such date plus
              any accrued and unpaid interest thereon.  Such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the Borrower under this Agreement.

           

          
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          The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account.  Other than any interest earned on the
            investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent and at the Borrower’s risk and expense (provided that absent the Borrower’s express written agreement, the only
            such investments will be in cash equivalent investments), such deposits shall not bear interest.  Interest or profits, if any, on such investments shall accumulate in such account.  Moneys in such account shall be applied by the Administrative
            Agent to reimburse the applicable Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure
            at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of Lenders with LC Exposure representing 100% of the total LC Exposure), be applied to satisfy other obligations of the Borrower under this
            Agreement.  If the Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the Borrower (together
            with all interest or profits, if any, thereon) within three Business Days after all Events of Default have been cured or waived.

           

          (l)           Resignation. Subject to the consent of the Borrower, any Issuing Bank may resign at any
            time by giving 30 days’ prior notice to the Administrative Agent, the Lenders and the Borrower.  After the resignation of an Issuing Bank hereunder, the retiring Issuing Bank shall remain a party hereto and shall continue to have all the rights
            and obligations of an Issuing Bank under this Agreement and the other Loan Documents with respect to Letters of Credit issued by it prior to such resignation, but shall not be required to issue additional Letters of Credit or to extend or
            increase any existing Letter of Credit. 

           

          (m)         Existing Letters of Credit.  Each Existing Letter of Credit shall be deemed issued under this
              Agreement on the Closing Date, and no issuance or similar fee will be required in connection with the Existing Letter of Credit.  Without limiting the foregoing, (i) each such Existing Letter of Credit will be included in the calculation of
              the LC Exposure, (ii) all liabilities of the Borrower and the other Loan Parties with respect to such Existing Letter of Credit shall constitute Obligations and (iii) each Lender shall have reimbursement obligations with respect to such
              Existing Letter of Credit as provided for in this Section 2.22.

           

          ARTICLE III

           

          REPRESENTATIONS AND WARRANTIES

           

          The Borrower represents and warrants to the Administrative Agent, each Issuing Bank and each of the Lenders that:

           

          SECTION 3.01    Organization; Powers; Governmental Approvals.

           

          (a)          The Borrower and each Restricted Subsidiary (i) is duly organized, validly existing and in good
              standing (to the extent the concept is applicable in such jurisdiction) under the laws of the jurisdiction of its organization, (ii) subject in the case of each Loan Party that is a Debtor, to the entry of the Order and the terms thereof, has
              all requisite power and authority to own its property and assets and to carry on its business as now conducted and (iii) is qualified to do business in every jurisdiction where such qualification is required, except where the failure so to
              qualify would not have a Material Adverse Effect.

           

          
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          (b)          Subject to the entry of the Order and the terms thereof, each Loan Party’s and each Pledgor’s
              execution, delivery and performance of the Loan Documents to which it is a party are within its corporate powers and have been duly authorized by all necessary action.  Subject to the entry of the Order and the terms thereof, each of the Loan
              Documents to which such Loan Party or Pledgor is a party constitutes the legal, valid and binding obligation of such Loan Party or Pledgor, enforceable against such Loan Party or Pledgor in accordance with its terms (except as such
              enforceability may be limited by (i) applicable bankruptcy, reorganization, insolvency, moratorium and other laws affecting the rights of creditors generally, (ii) general principles of equity (regardless of whether considered in a proceeding
              in equity or at law), and (iii) requirements of reasonableness, good faith and fair dealing).

           

          (c)          Subject to the entry of the Order and the terms thereof,  each Loan Party’s and each Pledgor’s
              execution, delivery and performance of the Loan Documents to which it is a party do not violate or create a default under (i) applicable law, (ii) its constituent documents, or (iii) any contractual provision binding upon it, except to the
              extent (in the case of violations or defaults described under clauses (i) or (iii)) such violation or default would not reasonably be expected to result in a Material Adverse Effect and would not have an adverse effect on the validity,
              binding effect or enforceability of this Agreement or any other Loan Document and would not materially adversely affect any of the rights of the Administrative Agent or any Lender under or in connection with this Agreement or any other Loan
              Document.

           

          (d)         Subject to the entry of the Order and the terms thereof, except for (i) any Governmental Approvals
              required in connection with any Borrowing (such approvals being “Borrowing Approvals”) and (ii) any Governmental Approvals the failure to obtain which could not reasonably be expected to result in a Material Adverse Effect or affect
              the validity or enforceability of this Agreement or any other Loan Document, all Governmental Approvals required in connection with the execution and delivery by the Loan Parties and the Pledgors of this Agreement and the other Loan Documents
              to which each is a party and the performance by the Loan Parties and the Pledgors of their respective obligations hereunder and thereunder have been, and, prior to the time of any Borrowing, all Borrowing Approvals will be, duly obtained, are
              (or, in the case of Borrowing Approvals, will be) in full force and effect without having been amended or modified in any manner that may impair the ability of the Loan Parties or the Pledgors to perform their respective obligations under
              this Agreement and the other Loan Documents, and are not (or, in the case of Borrowing Approvals, will not be) the subject of any pending appeal, stay or other challenge.

           

          SECTION 3.02   Financial Statements.  The Borrower has furnished its most recent filings with the SEC on Forms 10‐K and 10‐Q.  Such Forms 10‐K and 10‐Q do not, as of the dates specified therein or for the periods covered thereby, as
              applicable, contain any untrue statement of a material fact or omit to state a material fact necessary to make any statement therein, in light of the circumstances under which it was made, not materially misleading as of such dates or for
              such periods, as applicable, in light of the circumstances under which such statements were made.  Each of the financial statements in such Forms 10‐K and 10‐Q has been, and each of the most recent financial statements to be furnished
              pursuant to Section 5.02 will be, prepared in accordance with GAAP applied consistently with prior periods (subject, in the case of any such unaudited financial statements, to the absence of footnotes and normal year-end audit adjustments),
              except as therein noted and except for changes in FASB ASC 840, and fairly presents or will fairly present in all material respects the consolidated financial position of the Borrower and its Subsidiaries as of the date thereof and the
              results of the operations of the Borrower and its Subsidiaries for the period then ended.

           

          SECTION 3.03    No Material Adverse Effect.  Since the Petition Date, there has been no development, event, effect, condition or occurrence that, individually or in the aggregate, has had a Material Adverse Effect.

           

          

          
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          SECTION 3.04    Titles to Properties; Possession Under Leases.

           

          (a)           Each of the Borrower and the Restricted Subsidiaries has good and marketable title to, or valid
              leasehold interests in, or other rights to use or occupy, all its properties and assets, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and
              assets for their intended purposes and except as would not reasonably be expected to have a Material Adverse Effect.  All such material properties and assets are free and clear of Liens securing Indebtedness, other than Liens expressly
              permitted by Section 6.01.

           

          (b)           Each of the Borrower and the Subsidiaries enjoys peaceful and undisturbed possession under all such
              material leases except where such failure would not have a Material Adverse Effect.

           

          SECTION 3.05   Ownership of Subsidiaries.  The Borrower owns, directly or indirectly, free and clear of any Lien (other than Liens expressly permitted by Section 6.01), all of the issued and outstanding shares of common stock of each
              of the Restricted Subsidiaries.

           

          SECTION 3.06    Litigation; Compliance with Laws.

           

          (a)          There is no action, suit, or proceeding, or any governmental investigation or any arbitration, in each
              case pending or, to the knowledge of the Borrower, threatened in writing against the Borrower or any of the Subsidiaries or any material property of any thereof before any court or arbitrator or any governmental or administrative body,
              agency, or official which (i) challenges the validity of this Agreement or any other Loan Document, (ii) may reasonably be expected to have a material adverse effect on the ability of the Loan Parties or Pledgors to perform any of their
              respective obligations under this Agreement or any other Loan Document or on the rights of or benefits available to the Lenders under this Agreement or any other Loan Document or (iii) except with respect to Disclosed Matters or the Cases,
              may reasonably be expected to have a Material Adverse Effect.

           

          (b)          Neither the Borrower nor any of the Subsidiaries is in violation of any law, rule, or regulation, or in
              default with respect to any judgment, writ, injunction or decree of any Governmental Authority, where such violation or default could reasonably be expected to result in a Material Adverse Effect.

           

          (c)           Except with respect to Disclosed Matters, (i) the Borrower and each of its Subsidiaries have complied
              and are in compliance with all Environmental Laws, except to the extent that failure to so comply is not reasonably likely to have a Material Adverse Effect, (ii) neither the Borrower nor any of its Subsidiaries has failed to obtain, maintain
              or comply with any permit, license or other approval under any Environmental Law, except where such failure is not reasonably likely to have a Material Adverse Effect, (iii) neither the Borrower nor any of its Subsidiaries has received notice
              of any failure to comply with any Environmental Law or become subject to any liability under any Environmental Law, except where such failure or liability is not reasonably likely to have a Material Adverse Effect, (iv) no facilities of the
              Borrower or any of its Subsidiaries are used to manage any Specified Substance in violation of any law, except to the extent that such violations, individually or in the aggregate, are not reasonably likely to have a Material Adverse Effect,
              and (v) the Borrower is aware of no events, conditions or circumstances involving any Release of a Specified Substance that is reasonably likely to have a Material Adverse Effect.

           

          SECTION 3.07   Agreements.  Neither the Borrower nor any of the Subsidiaries is
              in default in any manner under any provision of any indenture or other agreement or instrument evidencing Indebtedness, or any other material agreement or instrument to which it is a party or by which it or any of its properties or assets are
              or may be bound, in each case, entered into following the Petition Date, where such default could reasonably be expected to result in a Material Adverse Effect.

          

          

          
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          SECTION 3.08    Federal Reserve Regulations.  No part of the proceeds of the Loans will be used, whether
              directly or indirectly, for any purpose which entails a violation of, or which is inconsistent with, the provisions of the Margin Regulations.

           

          SECTION 3.09    Investment Company Act.  Neither the Borrower nor any of the Subsidiaries is an “investment company” as defined in, or subject to regulation as an “investment company” under, the Investment Company Act of 1940.

           

          SECTION 3.10   Use of Proceeds. The Borrower will use the proceeds of the Loans (i) to pay the fees, costs and expenses required to be paid in connection with the transactions contemplated by the Cases, (ii) for general corporate
              purposes, including working capital and acquisitions permitted hereunder, (iii) to pay payments in respect of any adequate protection obligations (to the extent provided for in the Final DIP Order) authorized by the Bankruptcy Code in the
              Final DIP Order and (iv) to pay obligations arising from or related to the Carve-Out.

           

          SECTION 3.11   Tax Returns.  Except to the extent prohibited by Debtor Relief Laws and not otherwise authorized by the Bankruptcy Court, each of the Borrower and each of the Subsidiaries has filed or caused to be filed all Federal,
              state and local and non-U.S. Tax returns required to have been filed by it and has paid or caused to be paid all Taxes required to be paid by it (whether or not shown in such Tax returns) and satisfied all of its withholding Tax obligations,
              except (i) Taxes that are being contested in good faith by appropriate proceedings and for which the Borrower or applicable Subsidiary shall have set aside on its books adequate reserves in accordance with GAAP or (ii) where such failure to
              file, pay or satisfy would not reasonably be expected to result in a Material Adverse Effect.

           

          SECTION 3.12   No Material Misstatements.  All information (other than any projections, estimates, forecasts, other information of a forward-looking nature and information of a general economic or industry-specific nature) furnished in
              writing or formally presented at a general meeting of the Lenders by or on behalf of the Borrower to the Administrative Agent or any Lender in connection with the syndication or negotiation of or otherwise pursuant to this Agreement or any
              other Loan Document, when taken as a whole (giving effect to all supplements and updates thereto and the information in the periodic and other reports of the Borrower filed with the SEC), does not (when furnished) contain any untrue statement
              of a material fact or omit to state a material fact necessary in order to make the statements contained therein (when taken as a whole) not materially misleading in light of the circumstances under which such statements were made.

           

          SECTION 3.13    Employee Benefit Plans.

           

          (a)           Each Plan is in compliance with ERISA, except for such noncompliance that has not resulted, and could
              not reasonably be expected to result, in a Material Adverse Effect.

           

          (b)          No Plan has an accumulated or waived funding deficiency within the meaning of Section 412 or Section
              418B of the Code and no failure to satisfy the minimum funding standard under Section 412 of the Code has occurred, whether or not waived, with respect to any Plan, except for any such deficiency or failure that has not resulted, and could
              not reasonably be expected to result, in a Material Adverse Effect.

           

          
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          (c)         No proceedings have been instituted to terminate any Plan, except for such proceedings where the
              termination of a Plan has not resulted, and could not reasonably be expected to result, in a Material Adverse Effect.

           

          (d)          Neither the Borrower nor any Subsidiary or ERISA Affiliate has incurred any liability to or on account
              of a Plan under ERISA (other than obligations to make contributions in accordance with such Plan), and no condition exists which presents a material risk to the Borrower or any Subsidiary or ERISA Affiliate of incurring such a liability, except for such liabilities that have not resulted, and could not reasonably be expected to result, in a Material Adverse Effect.

           

          SECTION 3.14   Insurance. Each of the Borrower and the Restricted Subsidiaries maintains insurance with financially sound and reputable insurers, or self-insurance, with respect to its properties and business against loss or damage of
              the kind customarily insured against by reputable companies in the same or similar business and of such types and in such amounts (with such deductible amounts) as is customary for such companies under similar circumstances.

           

          SECTION 3.15   PATRIOT Act; FCPA; Sanctions, Beneficial Ownership.

           

          (a)           Each of the Borrower and its Subsidiaries is in compliance in all material respects with the PATRIOT
              Act.

           

          (b)          Each of the Borrower and its Subsidiaries has implemented and maintains in effect policies and
              procedures reasonably designed to achieve compliance by the Borrower, its Subsidiaries and their respective directors, officers and employees with Anti-Corruption Laws, the FCPA and applicable Sanctions, and the Borrower and its Subsidiaries,
              and to the knowledge of the Borrower or such Subsidiary, its respective officers, employees and directors, are in compliance with Anti-Corruption Laws, the FCPA and applicable Sanctions in all material respects.  None of the Borrower, any
              Subsidiary or, to the knowledge of the Borrower or such Subsidiary, any of their respective directors, officers or employees is a Sanctioned Person.  No Borrowing, use of proceeds, or other transaction contemplated by the Transactions will
              violate Anti-Corruption Laws, the FCPA or applicable Sanctions.

           

          (c)          As of the date hereof, the information included in the Beneficial Ownership Certification provided on or prior to the date
              hereof to any Lender in connection with this Agreement is true and correct.

           

          SECTION 3.16   Orders.  (a) The Order is effective to create in favor of the
              Administrative Agent, for the benefit of the Secured Parties, a legal, valid, binding and enforceable perfected security interest in the Collateral without the necessity of the execution of mortgages, security agreements, pledge agreements,
              financing statements or other agreements or documents and (b) the Order is otherwise in full force and effect and shall not have been vacated, stayed, reversed, modified or amended in any respect without the written consent of the
              Administrative Agent and the Required Lenders.

           

          SECTION 3.17    Status of Obligations; Perfection and Priority of Security Interests.

           

          (a)           Upon the entry of, and subject to, the Order and subject to the Carve-Out in all respects, the
              Obligations:

          

          

          
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          (i)           pursuant to Section 364(c)(1) of the Bankruptcy Code, shall at all times constitute an allowed
              Superpriority Claim in the Cases and subject only to the Carve-Out, and having priority over any and all other administrative expenses, diminution claims and all other priority claims against the Debtors, now existing or hereafter arising, of
              any kind whatsoever, including, without limitation, all other administrative expenses of the kind specified in sections 503(b) and 507(b) of the Bankruptcy Code, and over any and all other administrative expenses or other claims arising under
              sections 105, 326, 327, 328, 330, 331, 365, 503(b), 506(c), 507(a), 507(b), 726, 1113 or 1114 of the Bankruptcy Code;

           

          (ii)         Pursuant to Section 364(c)(2) of the Bankruptcy Code, shall be secured by a valid, binding,
              continuing, enforceable perfected first priority lien on all Collateral that is not subject to valid, perfected and unavoidable liens that were in existence immediately prior to the Petition Date or that are perfected as permitted by Section
              546(b) of the Bankruptcy Code;

           

          (iii)         Pursuant to Section 364(c)(3) of the Bankruptcy Code, shall be secured by a perfected junior lien on
              all Collateral to the extent that such Collateral is subject to valid, perfected, unavoidable liens as of the Petition Date or liens that were in existence immediately prior to the Petition Date that are perfected as permitted by Section
              546(b) of the Bankruptcy Code (in each case other than the Primed Liens, which liens shall be primed by the liens described in clause (iv) below) (such liens, the “Permitted Prior Liens”);

           

          (iv)         pursuant to Section 364(d)(l) of the Bankruptcy Code, shall be secured by a valid, binding,
              continuing, enforceable perfected first priority senior priming Lien on all Collateral, which Liens shall be senior to the Liens (the “Primed Liens”) securing the Prepetition First Lien Notes, Prepetition Second Lien Notes, Prepetition
              Credit Agreement  and any Liens to which the Primed Liens are senior or rank pari passu, and which shall also prime any Liens granted after the commencement of the Cases to provide adequate protection
              Liens to the extent of any diminution in the value of the collateral of the Primed Liens as provided in the Final DIP Order in respect of any of the Primed Liens, subject in each case only to (1) Liens permitted pursuant to Section 6.01 that
              are valid, binding, enforceable, perfected and unavoidable Liens in favor of third parties that were in existence immediately prior to the Petition Date and that are not impaired, affected or modified by the Order and/or that have priority
              after the Petition Date by operation of Law, (2) the Carve-Out and (3) and as otherwise set forth in the Order (the “Priming Liens”) and with respect to perfection, solely to the extent it may be achieved by the entry of the Order and
              the perfection steps required to be taken under the Collateral Documents.

           

          (b)         The Priming Liens, (i) shall be subject and junior to the Carve-Out in all respects, (ii) shall be
              junior to Liens that are senior to the Primed Liens (unless such Liens are themselves Primed Liens), (iii) shall be senior to any Liens to which the Primed Liens are senior or rank pari passu, (iv) shall be senior in all respects to the
              interests of such property of the holders of the obligations in respect of the Primed Liens and (v) shall also be senior to any Liens granted after the Petition Date to provide adequate protection in respect of the Primed Liens.

           

          (c)           In accordance with the Final DIP Order, all of the Liens described in this Section 3.17 shall be
              effective and perfected upon entry of the Final DIP Order, as applicable, without the necessity of the execution, recordation or filing by the Debtors of security agreements, control agreements, financing statements or other similar
              documents, or possession or control by the Collateral Agent of, or over, any Collateral, as set forth in the Final DIP Order.

           

          

          
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          ARTICLE IV

           

          CONDITIONS

           

          SECTION 4.01    Conditions to Closing Date.  Each of the following conditions
              shall be satisfied on the Closing Date (or waived in accordance with Section 9.02) on or prior to September 30, 2020:

           

          (a)          The Petition Date shall have occurred and each of the Borrower and each Guarantor shall be a debtor and
              a debtor in possession. No trustee under Chapter 7 or Chapter 11 of the Bankruptcy Code or examiner with expanded powers beyond those set forth in Section 1106(a)(3) and (4) of the Bankruptcy Code shall have been appointed in any of the
              Cases.

           

          (b)          None of the Cases shall have been dismissed (other than the dismissal of the cases of the PNW Sold
              Entities) or converted to a case under chapter 7 of the Bankruptcy Code.

           

          (c)         The Administrative Agent shall have received from the Borrower, Administrative Agent and each Lender
              either (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence reasonably satisfactory to the Administrative Agent (which may include electronic transmission of a signed signature page to this Agreement)
              that such party has signed a counterpart of this Agreement.

           

          (d)         The Administrative Agent shall have received a favorable written opinion (addressed to the
              Administrative Agent and the Lenders and dated the Closing Date) of Mark D. Nielsen, Esq., General Counsel to the Borrower, covering such matters relating to the Borrower and this Agreement as the Administrative Agent shall reasonably request
              (and the Borrower hereby instructs such counsel to deliver such opinion to the Lenders and the Administrative Agent).

           

          (e)         The Administrative Agent shall have received a favorable written opinion (addressed to the
              Administrative Agent and the Lenders and dated the Closing Date) of Kirkland & Ellis LLP, special New York counsel to the Borrower, covering such matters relating to the Borrower and this Agreement as the Administrative Agent shall
              reasonably request (and the Borrower hereby instructs such counsel to deliver such opinion to the Lenders and the Administrative Agent).

           

          (f)          The Administrative Agent shall have received (i) a recently dated certificate as to the good standing
              of the Borrower under the laws of its jurisdiction of incorporation, and (ii) a certificate of the secretary or assistant secretary of the Borrower certifying (x) that attached thereto are true and complete copies of (1) the certificate of
              incorporation, certificate of formation or equivalent formation  document of the Borrower, and all amendments thereto, certified as of a recent date by the appropriate Governmental Authority in its jurisdiction of incorporation, (2) the
              bylaws, operation agreement, limited liability company agreement or equivalent document of the Borrower as in effect on the Closing Date, and (3) the resolutions of the board of directors (or other appropriate governing body) of the Borrower,
              authorizing the borrowings contemplated hereunder, the execution, delivery and performance of this Agreement and the other Loan Documents to which the Borrower are contemplated to be a party, and (y) as to the incumbency and genuineness of
              the signature of each officer of the Borrower executing Loan Documents.

           

          (g)         The Administrative Agent and the Joint Lead Arrangers shall have received payment of all fees and other
              amounts as the Borrower shall have agreed to pay prior to the Closing Date to the Administrative Agent or any Joint Lead Arranger in connection herewith at the time such amounts were required to be paid, including the reasonable and
              documented fees and expenses of Davis Polk & Wardwell LLP, special New York counsel to Goldman Sachs Bank USA, in connection with the negotiation, preparation, execution and delivery of this Agreement and the other Loan Documents (to the
              extent that statements in reasonable detail for such fees and expenses have been delivered to the Borrower prior to the Closing Date).

           

          
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          (h)          The Administrative Agent shall have received, at least three (3) Business Days prior to the Closing
              Date, (i) all documentation and other information with respect to the Borrower that is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation,
              the PATRIOT Act, that has been requested at least ten (10) Business Days prior to the Closing Date and (ii) to the extent the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, a Beneficial Ownership
              Certification in relation to the Borrower.

           

          (i)          The Lenders shall have valid and perfected Liens on all Collateral, to the extent contemplated
              hereby, and pursuant to the other Loan Documents, including the Order, and:

           

          
            
              	 	
                      (i)

                    	
                      The Administrative Agent shall have received the Guaranty Agreement duly executed and delivered by the Guarantors;

                    

            

          

           

          	 	(ii)	
                  The Administrative Agent shall have received the Pledge Agreement and the Security Agreement, in each case duly executed and delivered by the Pledgor and Grantor, respectively;

                

           

          	 	(iii)	
                  the Collateral Agent (or the “Collateral Agent” under and as defined in the Prepetition Credit Agreement for the benefit of the Agent and the Lenders hereunder) shall have received all certificates or
                    instruments evidencing the issued and outstanding equity interests of each Pledged Subsidiary required to be pledged by the Pledge Agreement on the Closing Date, accompanied by stock powers undated and endorsed in blank (or arrangements
                    reasonably satisfactory to the Administrative Agent and the Collateral Agent shall have been made for the foregoing);

                

           

          	 	(iv)	
                  the Administrative Agent shall have received UCC financing statements identifying the Pledgor and the Grantor as the debtors and the Collateral Agent as the secured party, in appropriate form for filing
                    under the UCC; and

                

           

          	 	(v)	
                  the Administrative Agent shall have received the results of recent UCC, tax and judgment Lien searches with respect to the Borrower, the Pledgor, the Grantor and each Pledged Subsidiary, and such searches
                    shall reveal no Liens except for Liens otherwise permitted hereunder (or with respect to which arrangements reasonably satisfactory to the Administrative Agent shall have been made to discharge such Liens).

                

           

          (j)           The Administrative Agent shall have received a certificate of a Financial Officer of the Borrower
              confirming compliance with the conditions set forth in Sections 4.01(k), (l) and (m).

           

          (k)          Since the Petition Date, there shall not have occurred any event, occurrence, development, state of
              facts, effect, condition or change that, individually or in the aggregate, has had or is reasonably likely to have, a Material Adverse Effect.

           

          
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          (l)          The representations and warranties in Article III shall be true and correct in all material respects
              as of the Closing Date (except in the case of any such representations and warranty that expressly relates to an earlier given date or period, in which case such representation and warranty shall be true and correct in all material respects
              as of the respective earlier date or respective period, as the case may be, and, to the extent such representations and warranties are qualified as to materiality, Material Adverse Effect or similar language, such representations shall be
              true and correct in all respects).

           

          (m)         No event shall have occurred and be continuing or would result from the making of the Loans on the
              Closing Date that would constitute an Event of Default or a Default.

           

          (n)          The Prepetition Revolving Facility Payoff (other than with respect to the Specified Letter of Credit)
              shall have occurred (or shall occur substantially contemporaneously with the Closing Date).

           

          (o)          The “Initial Settlement Payments” (as defined in the Acceptable Reorganization Plan) shall have been
              made.

           

          (p)          The Administrative Agent shall have received (i) the initial Budget and (ii) the projected statement
              of sources and uses on a monthly basis through December 2020.

           

          (q)          The Administrative Agent and the Required Lenders shall be reasonably satisfied with the form and
              substance of the “first day orders” and all related pleadings, including, without limitation, any order approving significant or outside the ordinary course of business transactions entered on (or prior to) the Closing Date.

           

          (r)          A cash management order encompassing the cash management arrangements in place immediately prior to
              the Petition Date and consistent in all respects with the corresponding first day orders described above in Section 4.01(q) and the other Loan Documents shall have been entered by the Bankruptcy Court and be in full force and effect (such
              order, the “Cash Management Order”).

           

          (s)          The Final DIP Order Entry Date shall have occurred no later than September 30, 2020 and the Final
              DIP Order shall approve the full amount of the Revolving Facility and the Prepetition Revolving Facility Payoff.

           

          (t)          The Final DIP Order shall be in full force and effect and shall not have been reversed, modified,
              amended, stayed or vacated or subject to a stay pending appeal, in any manner, without the consent of the Administrative Agent and the Required Lenders.

           

          (u)          The Loan Parties shall be in compliance in all respects with the Final DIP Order.

           

          (v)         (x) All material “second day orders” and all related pleadings intended to be entered on or prior to
              the date of entry of the Final DIP Order and any order establishing material procedures for the administration of the Cases, shall have been entered by the Bankruptcy Court, and (y) all pleadings related to procedures for approval of
              significant transactions, including, without limitation, asset sale procedures, regardless of when filed or entered, shall be reasonably satisfactory in form and substance to the Administrative Agent, or this condition is waived by the
              Administrative Agent.  Such “second day orders” and other pleadings shall be consistent with and subject to the Final DIP Order.  The Administrative Agent acknowledges that the form of such orders substantially in the forms filed on the
              Petition Date are acceptable.

           

          (w)         The Collateral and Guarantee Requirement shall have been satisfied.

           

          The Administrative Agent shall notify the Borrower and the Lenders of the Closing Date, and such notice shall be conclusive and binding.

           

          

          
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          SECTION 4.02   Each Credit Event.  Except with respect to a Borrowing pursuant to the Final DIP Order
              following a Carve Out Trigger Notice and up to an aggregate amount equal to the lesser of (x) the Carve-Out Reserve Amount and (y) the unused Commitments, the obligation of each Lender to make any Loan, including any Loans on the Closing Date
              (but not a conversion or continuation of Loans that does not increase the principal amount of such Loans), and of each Issuing Bank to issue, amend or extend any Letter of Credit, is subject to the satisfaction of the following conditions:

           

          (a)          the representations and warranties of each Loan Party set forth in this Agreement and in the other
              Loan Documents, as applicable, shall be true and correct in all material respects on and as of the date of such Loan or the date of issuance, amendment, renewal or extension of such Letter of Credit, as applicable (except to the extent such
              representations and warranties expressly relate to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date, and, to the extent such representations and warranties are qualified as to
              materiality, Material Adverse Effect or similar language, such representations shall be true and correct in all respects);

           

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

           

          (c)          the Administrative Agent shall have received a Borrowing Request with respect to such credit event.

           

          Each Borrowing and each issuance or amendment increasing the amount of a Letter of Credit shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to
            the matters specified in clauses (a) and (b) of the preceding sentence.

           

          ARTICLE V

           

          AFFIRMATIVE COVENANTS

           

          The Borrower covenants and agrees with the Administrative Agent, each Issuing Bank and each Lender that, so long as this Agreement shall remain in effect or the principal
            of or interest on any Loan (or any portion thereof), or any other expenses or amounts payable hereunder (other than contingent obligations in respect of which no claim has been made), shall be unpaid, or any Letter of Credit shall remain
            outstanding, the Borrower will, and will cause each of its Restricted Subsidiaries to:

           

          SECTION 5.01    Existence; Businesses and Properties.

           

          (a)          Subject to any required approval by the Bankruptcy Court, preserve and maintain, cause each of the
              Restricted Subsidiaries to preserve and maintain, and cause each other Subsidiary to preserve and maintain, (i) its legal existence (except, with respect to any Subsidiary other than a Restricted Subsidiary, to the extent failure to do so
              would not be reasonably expected to result in a Material Adverse Effect) and (ii) rights and franchises (except to the extent failure to do so would not be reasonably expected to result in a Material Adverse Effect); provided that the
              legal existence of any Restricted Subsidiary may be terminated if such termination is not disadvantageous to the Administrative Agent or any Lender;

           

          (b)          continue to own (directly or indirectly) all of the outstanding shares of common stock of each
              Restricted Subsidiary, except pursuant to any sale of shares of common stock of such Restricted Subsidiary not prohibited hereunder or pursuant to the Acceptable Reorganization Plan;

           

          
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          (c)          except as otherwise excused by Debtor Relief Laws, with respect to any Debtor, comply, and cause each
              of the Subsidiaries to comply with all applicable laws, rules, regulations and orders, including all Environmental Laws, except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect;

           

          (d)          maintain in effect and enforce policies and procedures reasonably designed to achieve compliance by the
              Borrower, its Subsidiaries and their respective directors, officers and employees with Anti-Corruption Laws, the FCPA and applicable Sanctions;

           

          (e)          except to the extent prohibited by Debtor Relief Laws and not otherwise authorized by the Bankruptcy
              Court, pay, and cause each of the Subsidiaries to pay, before any such amounts become delinquent, (i) all Taxes imposed upon it or upon its property, and (ii) all claims (including claims for labor, materials, supplies, or services) that
              would, if unpaid, become a Lien upon its property, in each case, except to the extent (x) the validity or amount thereof is being disputed in good faith, and the Borrower or applicable Subsidiary has maintained adequate reserves with respect
              thereto, or (y) the failure to so pay would not be reasonably expected to cause a Material Adverse Effect;

           

          (f)          keep, and cause each of the Subsidiaries to keep, proper books of record and account, containing
              complete and accurate entries of all material financial and business transactions of the Borrower and such Subsidiary in all material respects;

           

          (g)          other than as pursuant to the Acceptable Reorganization Plan or in connection with Permitted
              Reorganizations, continue to carry on, and cause each Restricted Subsidiary to continue to carry on (so long as such Restricted Subsidiary is a Restricted Subsidiary), substantially the same type of business as the Borrower or such Restricted
              Subsidiary conducted as of the Closing Date or other business reasonably related ancillary, similar, complementary or synergistic thereto or a reasonable extension, development or expansion thereof;
              and

           

          (h)          maintain or cause to be maintained insurance with financially sound and reputable insurers, or
              self-insurance, with respect to its properties and business and the properties and business of the Subsidiaries against loss or damage of the kinds customarily insured against by reputable companies in the same or similar businesses, such
              insurance to be of such types and in such amounts (with such deductible amounts) as is customary for such companies under similar circumstances;

           

          provided that the foregoing shall not limit the right of the Borrower or any of its Subsidiaries to engage in any transaction not otherwise prohibited by Section 6.03 or 6.04.

           

          SECTION 5.02    Financial Statements, Reports, Etc.  In the case of the Borrower, furnish to the Administrative Agent:

           

          (a)         within 110 days after the end of the fiscal year ending December 31, 2020,
              consolidated balance sheets and the related statements of income and cash flows of the Borrower and its Subsidiaries (the Borrower and its Subsidiaries being collectively referred to as the “Companies”) as of the close of such fiscal
              year (which requirement shall be deemed satisfied by the delivery of the Borrower’s Annual Report on Form 10‐K (or any successor form) for such year), all audited by KPMG LLP or other independent public accountants of recognized national
              standing and accompanied by an opinion of such accountants to the effect that such consolidated financial statements fairly present in all material respects the financial condition and results of operations of the Companies on a consolidated
              basis in accordance with GAAP consistently applied;

           

          
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          (b)          within 65 days after the end of each of the first three fiscal quarters of each
              fiscal year, consolidated balance sheets and related statements of income and cash flows of the Companies as of the close of such fiscal quarter and the then elapsed portion of the fiscal year (which requirement shall be deemed satisfied by
              the delivery of the Borrower’s Quarterly Report on Form 10‐Q (or any successor form) for such quarter), each certified by a Financial Officer as fairly presenting in all material respects the financial condition and results of operations of
              the Companies on a consolidated basis in accordance with GAAP consistently applied, subject to the absence of footnotes and normal year-end audit adjustments;

           

          (c)          concurrently with any delivery of financial statements under paragraph (a) or (b) of
              this Section 5.02, a certificate of a Financial Officer of the Borrower certifying as to whether a Default has occurred that is continuing and, if a Default has occurred that is continuing, specifying the details thereof and any action taken
              or proposed to be taken with respect thereto;

           

          (d)          promptly after the same become publicly available, copies of all financial
              statements, reports and proxy statements mailed to the Borrower’s public shareholders generally, and copies of all registration statements (other than those on Form S‐8) and Form 8-K’s (to the extent that such Form 8-K’s disclose actual or
              potential adverse developments with respect to the Borrower or any of its Subsidiaries that constitute, or would reasonably be expected to constitute, a Material Adverse Effect) filed with the SEC or any national securities exchange;

           

          (e)          promptly after (i) the occurrence thereof, notice of any ERISA Termination Event or
              “prohibited transaction,” as such term is defined in Section 4975 of the Code, with respect to any Plan that results, or would reasonably be expected to result, in a Material Adverse Effect, which notice shall specify (in reasonable detail)
              the nature thereof and the Borrower’s proposed response thereto, and (ii) actual knowledge thereof, copies of any notice of PBGC’s intention to terminate, or to have a trustee appointed to administer any Plan;

           

          (f)          promptly following any request therefor from time to time, (x) such other
              information regarding its operations, business affairs and financial condition, or compliance with the terms of this Agreement, as the Administrative Agent or any Lender (through the Administrative Agent) may reasonably request and (y)
              information and documentation reasonably requested by the Administrative Agent or any Lender for purposes of compliance with applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act and the
              Beneficial Ownership Regulation; and

           

          (g)          (i) on or before the last Business Day at the end of every 4-week period, commencing
              with the 4-week period ending November 6, 2020, a Budget and (ii) within 4 Business Days after the last Business Day at the end of every 4-week period, a variance report for any prior 4-week period included in the latest Budget delivered
              pursuant to Section 4.01(n) or 5.02(g), (A) showing, for each week, actual total net cash receipts and disbursements, (B) noting therein variances on a rolling 4-week and cumulative (from the beginning of the Cases) basis from projected
              values set forth for such periods in the relevant Budget and (C) providing an explanation for all material variances, certified by a Financial Officer and in form and substance reasonably satisfactory to the Administrative Agent; provided
              that, for the avoidance of doubt, the existence of any variance (whether material or not) shall not constitute a Default or an Event of Default.

           

          
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          Documents required to be delivered pursuant to Section 5.02(a), (b) or (d) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered
            electronically and if so delivered, shall be deemed to have been delivered on the date (i) filed for public availability on the SEC’s Electronic Data Gathering and Retrieval System, (ii) on which the Borrower posts such documents, or provides a
            link thereto at www.frontier.com; (iii) on which such documents are posted on the Borrower’s behalf on an Internet or intranet website, if any, to which the Administrative Agent has access (whether a commercial, third-party website or whether
            sponsored by the Administrative Agent); provided that the Borrower shall notify the Administrative Agent (by telecopier, electronic mail or such other manner permitted pursuant to Section 9.01) of the posting of any such documents.  The
            Administrative Agent shall have no obligation to request the delivery or to maintain 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, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

           

          The Borrower represents and warrants that either (i) it and any Subsidiary has no registered or publicly traded securities outstanding, or (ii) it files its financial statements with the SEC
            and/or makes its financial statements available to potential holders of its 144A securities.  Accordingly, the Borrower hereby (x) authorizes the Administrative Agent to make available to Public-Siders the financial statements to be provided
            under Section 5.02(a) and (b) above and, unless the Borrower promptly notifies the Administrative Agent otherwise (provided that such documents have been provided to the Borrower and its counsel for review a reasonable period of time
            prior thereto), the Loan Documents, and (y) agrees that at the time such financial statements are provided hereunder, they shall already have been made available to holders of its securities.  The Borrower will not request that any other
            material be posted to Public-Siders without expressly representing and warranting to the Administrative Agent in writing that such materials do not constitute material non-public information with respect to any of the Borrower, its Subsidiaries
            or their respective securities within the meaning of the federal securities laws or that the Borrower has no outstanding publicly traded securities, including 144A securities.  In no event shall the Administrative Agent post compliance
            certificates or budgets to Public-Siders.

           

          SECTION 5.03    Litigation and Other Notices.  Furnish to the Administrative Agent prompt written notice of the following upon any Financial Officer of the Borrower becoming aware thereof:

           

          (a)         any Event of Default or Default, specifying (in reasonable detail) the nature and
              extent thereof and the corrective action (if any) proposed to be taken with respect thereto;

           

          (b)        the filing or commencement of, or any written notice of intention of any Person to
              file or commence, any action, suit or proceeding, whether at law or in equity or by or before any Governmental Authority, against the Borrower or any of the Subsidiaries that would reasonably be expected to result in a Material Adverse
              Effect; and

           

          (c)         any development with respect to the Borrower or any Subsidiary that has resulted in,
              or would reasonably be expected to result in, a Material Adverse Effect.

           

          SECTION 5.04   Maintaining Records.  Maintain all financial records in accordance with GAAP (or in form permitting financial statements conforming with GAAP to be derived therefrom) and, upon reasonable notice, permit the
              Administrative Agent and each Lender to visit and inspect the financial records of the Borrower at reasonable times and to make extracts from and copies of such financial records, and permit any representatives designated by the
              Administrative Agent or any Lender to discuss the affairs, finances and condition of the Borrower with the appropriate officers thereof and, with the Borrower’s consent (which shall not be unreasonably withheld), the independent accountants
              therefor (and the Borrower shall be afforded the opportunity to participate in such discussion with such independent accountants); provided that, excluding any such visits and inspections during the continuation of an Event of
              Default, only the Administrative Agent on behalf of the Lenders may exercise rights of the Administrative Agent and the Lenders under this Section 5.04 and the Administrative Agent shall not exercise such rights more than once during any
              calendar year; provided, further, that, when an Event of Default exists, the Administrative Agent or any Lender (or any of their respective representatives or independent contractors)
              may do any of the foregoing, upon reasonable notice and as often as reasonably requested, at any time during normal business hours.  Notwithstanding anything to the contrary in this Section 5.04, neither the Borrower nor any of its
              Subsidiaries will be required to disclose, permit the inspection, examination or making of extracts, or discussion of, any documents, information or other matters that (i) constitute non-financial trade secrets or non-financial proprietary
              information, (ii) in respect of which disclosure to the Administrative Agent or applicable Lenders (or any of their respective designated representatives or independent contractors) is then prohibited by law, rule or regulation or any
              agreement binding on the Borrower or any of its Subsidiaries or (iii) is subject to attorney-client or similar privilege or constitutes attorney work-product.

           

          
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          SECTION 5.05  Use of Proceeds.  Use the proceeds of the Loans solely for the purposes described in Section
              3.10.  No Borrowing, use of proceeds or other transaction contemplated by the Transactions will violate Anti-Corruption Laws, the FCPA or applicable Sanctions.

           

          SECTION 5.06    Collateral
                Documents; Additional Guarantors.

           

          (a)          Execute, and cause the Loan Parties and Pledgors to execute, any and all further documents, financing
              statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements, and other documents), that the Administrative Agent may reasonably request, to satisfy the Collateral and
              Guarantee Requirement or in connection with the Security Agreement and to cause the Collateral and Guarantee Requirement to be and remain satisfied and the security interest created under the Security Agreement (upon the execution and
              delivery thereof) to be and remain a valid and perfected security interest (with respect to any assets that are required to constitute Collateral at the time of such request pursuant to this Agreement), all at the expense of the Borrower and
              provide to the Administrative Agent, from time to time upon reasonable request, evidence reasonably satisfactory to the Administrative Agent as to the perfection and priority of the Liens created or intended to be created by the Collateral
              Documents.

           

          (b)          If any additional direct or indirect Subsidiary of the Borrower is formed or acquired following the
              Closing Date and such Subsidiary is (1) a wholly owned domestic Subsidiary (other than an Excluded Subsidiary) or (2) any other domestic Subsidiary that may be designated by the Borrower in its sole discretion, within twenty (20) days after
              the date such Subsidiary is formed or acquired or meets such criteria (or first becomes subject to such requirement) (or such longer period as the Administrative Agent may agree in its sole discretion), notify the Administrative Agent thereof
              and, within sixty (60) days after the date such Subsidiary is formed or acquired or meets such criteria (or first becomes subject to such requirement) or such longer period as the Administrative Agent may agree in its sole discretion, cause
              such Subsidiary to become a Guarantor and Pledgor and cause the Collateral and Guarantee Requirement to be satisfied with respect to such Subsidiary.  Notwithstanding anything to the contrary herein or in any other Loan Document, (i) in no
              circumstance shall any Excluded Subsidiary become a Guarantor or a Pledgor unless designated as a Guarantor or Pledgor, as applicable, by Borrower in its sole discretion and (ii) to the extent the holders of any Subsidiary’s equity interests
              are prohibited from granting Liens on such equity interests to secure the Secured Obligations by any applicable Law, or the grant of any such Lien would require consent, approval, license or authorization of a Governmental Authority (unless
              such consent, approval, license or authorization has been received), in no circumstance shall such equity interests required to be pledged to secure the Secured Obligations.

           

          
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          SECTION 5.07   Post-Closing.  Promptly after the Closing Date (and in any event within 30 days after the
              Closing Date), (a) terminate and cancel the Specified Letter of Credit, and provide to the Administrative Agent evidence thereof reasonably satisfactory to the Administrative Agent or (b) cash-collateralize or cause one or more letters of
              credit to be issued to backstop the Specified Letter of Credit, in each case in a manner satisfactory to the issuer of the Specified Letter of Credit, and provide to the Administrative Agent evidence reasonably satisfactory to the
              Administrative Agent that the issuer of the Specified Letter of Credit has released each “Revolving Lender” (under and as defined in the Prepetition Credit Agreement) from any participation or reimbursement obligations in respect of the
              Specified Letter of Credit (the date on which the Borrower has fulfilled its obligations under this Section 5.07, the “Specified Letter of Credit Termination Date”).

           

          SECTION 5.08   Further
                Assurances.  Promptly upon the reasonable request by the Administrative Agent, or any Lender through the Administrative Agent, the Borrower shall, and shall cause the Loan Parties to, (a) correct any material defect or error that may be
              discovered in the execution, acknowledgment, filing or recordation of any Loan Document, and (b) do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further acts, deeds, certificates,
              assurances and other instruments as the Administrative Agent, or any Lender through the Administrative Agent, may reasonably require from time to time in order to (i) carry out the purposes of the Loan Documents, (ii) to the fullest extent
              permitted by applicable law, subject to any Loan Party’s issued and outstanding equity interests to the Liens granted by the Pledge Agreement to the extent required thereunder and (iii) perfect and maintain the validity, effectiveness and
              priority of the Pledge Agreement and (upon the execution and delivery thereof) the Security Agreement and any Liens created thereunder.

           

          SECTION 5.09    Bankruptcy Matters.

           

          (a)          The Borrower shall maintain a cash management system in accordance with
              Cash Management Order and the Order.

           

          (b)          The Borrower will, to the extent reasonably practicable, deliver to the Administrative Agent, and in
              the case of clause (ii) of this subsection, to its legal counsel, no later than three (3) days in advance of filing with the Bankruptcy Court, (i) all material proposed orders, pleadings, motions, briefs, applications, agreements and other
              filings to be made by the Debtors after the Closing Date; (ii) all proposed orders, pleadings, motions, briefs, applications, agreements and other filings to be made by the Debtors after the Closing Date related to the Revolving Facility or
              the Exit Facility Credit Agreement; and (iii) any Reorganization Plan filed by the Debtors after the Closing Date (or any other disclosure statements related to any such Reorganization Plan); provided that the Borrower shall not be
              required to deliver any such documents provided by any party in interest to the extent that any such document is filed under seal.

           

          (c)          The Borrower shall deliver to the Administrative Agent all documents required to be delivered to creditors under the RSA,
              any applicable restructuring support agreement or any case stipulation; provided that the Borrower shall not be required to deliver any such documents provided by any party in interest to the extent that any such document is filed
              under seal; provided, further, that such documents that are filed under seal, to the extent permitted by applicable law, shall be provided to the advisors to the Administrative Agent on a professional eyes’ only basis.

           

          ARTICLE VI

           

          NEGATIVE COVENANTS

           

          The Borrower covenants and agrees with each Lender, each Issuing Bank and the Administrative Agent that, so long as this Agreement shall remain in effect or the principal
            of or interest on any Loan (or any portion thereof), or any other expenses or amounts payable hereunder (other than contingent obligations in respect of which no claim has been made), shall be unpaid or any Letter of Credit shall remain
            outstanding, it will not (and in the case of Sections 6.08(a) and 6.10 will not permit any of its Restricted Subsidiaries to):

          

          

          
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          SECTION 6.01   Liens; Restrictions on Sales of Receivables.  Create, incur, assume, or suffer to exist, or
              permit any of the Subsidiaries to create, incur, assume, or suffer to exist, any Lien on any of its property now owned or hereafter acquired to secure any Indebtedness of the Borrower or any such Subsidiary, or sell or assign any accounts
              receivable in connection with a financing or factoring transaction (other than in the ordinary course of business), other than: (a) Liens listed on Schedule 2 on the Closing Date and Liens securing any Indebtedness incurred to
              refinance, refund, renew or extend any Indebtedness secured by Liens listed on Schedule 2 to the extent not increasing the principal amount thereof except by the amount of accrued and unpaid interest and premium thereon and reasonable
              fees and expense in connection with such refinancing, refunding, renewal or extension so long as the Liens securing such Indebtedness shall be limited to all or part of the same property that secured the Indebtedness refinanced, refunded,
              renewed or extended (and improvements on and proceeds from such property); (b) pledges or deposits to secure the utility obligations of the Borrower incurred in the ordinary course of business; (c) Liens upon or in property now owned or
              hereafter acquired to secure Indebtedness incurred (i) solely for the purpose of financing the acquisition, construction, lease or improvement of such property; provided that such Indebtedness shall not exceed the fair market value of
              the property being acquired, constructed, leased or improved or (ii) to refinance, refund, renew or extend any Indebtedness described in subclause (i) above to the extent not increasing the principal amount thereof except by the amount of
              accrued and unpaid interest and premium thereon and reasonable fees and expense in connection with such refinancing, refunding, renewal or extension so long as the Liens securing such Indebtedness shall be limited to all or part of the same
              property that secured the Indebtedness refinanced, refunded, renewed or extended (and improvements on and proceeds from such property); (d) Liens on the assets of any Person merged or consolidated with or into (in accordance with Section
              6.04) or acquired by the Borrower or any Subsidiary that were in effect at the time of such merger, consolidation or acquisition and Liens securing any Indebtedness incurred to refinance, refund, renew or extend any Indebtedness secured by
              Liens described in this clause (d) to the extent not increasing the principal amount thereof except by the amount of accrued and unpaid interest and premium thereon and reasonable fees and expense in connection with such refinancing,
              refunding, renewal or extension so long as the Liens securing such Indebtedness shall be limited to all or part of the same property that secured the Indebtedness refinanced, refunded, renewed or extended (and improvements on and proceeds
              from such property) and were not incurred in contemplation of such acquisition, merger or consolidation; (e) Liens for Taxes, assessments and governmental charges or levies, which are not yet due or are which are being contested in good faith
              by appropriate proceedings; (f) Liens securing Indebtedness of the Borrower or any Subsidiary to the Rural Electrification Administration or the Rural Utilities Service (or any successor to any such agency) in an aggregate principal amount
              outstanding at any time not to exceed $50,000,000; (g) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s, suppliers’ or other like Liens arising in the ordinary course of business relating to obligations not overdue for a
              period of more than 60 days or which are bonded or being contested in good faith by appropriate proceedings; (h) pledges or deposits in connection with workers’ compensation laws or similar legislation or to secure public or statutory
              obligations; (i) Liens or deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of
              business; (j) easements, rights of way, restrictions and other encumbrances incurred which, in the aggregate, do not materially interfere with the ordinary conduct of business; (k) restrictions by Governmental Authorities on the operations,
              business or assets of the Borrower or its Subsidiaries that are customary in the Borrower’s and its Subsidiaries’ businesses; (l) Liens granted to provide adequate protection pursuant to the Final DIP Order; (m) Liens existing on the Petition
              Date (including, Liens securing Prepetition Debt) and Liens securing any Permitted Pari Passu Refinancing Debt or Permitted Junior Refinancing Debt; (n) [reserved]; (o) [reserved]; (p) Liens created under the Loan Documents and the Order
              securing the Secured Obligations; (q) Liens not listed on Schedule 2 securing any letter of credit facility or similar facility of the Borrower or any of its Subsidiaries in an aggregate principal amount outstanding at any time not to
              exceed $75,000,000 so long as such Liens are on cash collateral provided to the issuer or lender under such letter of credit facility; (r) [reserved]; and (s) [reserved].  Notwithstanding the foregoing, in no event shall Borrower create,
              incur, assume, or suffer to exist, or permit any of the Subsidiaries to create, incur, assume or suffer to exist, any Lien on the property or equity interests of any Specified Subsidiary pursuant to clauses (m), (o), (r) or (s) above, unless
              such property or equity interests of such Specified Subsidiary constitute Collateral securing the Secured Obligations and such Liens are otherwise permitted under this Section 6.01.

          

          

          
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          SECTION 6.02    [Reserved].

           

          SECTION 6.03   Asset Sales.  Sell or permit any Restricted Subsidiary to sell,
              assign, or otherwise dispose of (whether in one transaction or a series of transactions and whether effected pursuant to a Division or otherwise) any property, including any Capital Stock owned by it (in each case, whether now owned or
              hereafter acquired), nor will any Subsidiary issue any additional Capital Stock in such Subsidiary (other than issuing directors’ qualifying shares and other than issuing Capital Stock to the Borrower or another Subsidiary in compliance with
              clause (3) of the definition of “Permitted Investments”), except (a) to another Subsidiary, (b) to the extent that at least 75% of the proceeds thereof consist of cash and Cash Equivalents, in connection with any other sale, transfer or
              disposition for fair market value; provided that the aggregate fair market value of all assets sold, assigned or otherwise disposed of in reliance on this clause (b) shall not exceed $50 million in
              the aggregate, (c) sales, transfers, leases or other dispositions of (i) inventory, (ii) obsolete, worn-out, used, no longer useful or surplus property or equipment and (iii) Cash Equivalents, in the case of each of clauses (i), (ii) and
              (iii), in the ordinary course of business, (d) leases or subleases of property, and licenses or sublicenses of intellectual property, in each case entered into in the ordinary course of business, to the extent that any such lease, sublease,
              license or sublicense does not materially interfere with the business of the Borrower or any Subsidiary, (e) dispositions or write-downs of accounts receivable in connection with the compromise, settlement or collection thereof in the
              ordinary course of business or bankruptcy or similar proceedings, (f) any Restricted Payment permitted under Section 6.10, (g) with respect to assets of any Debtor pursuant to any order of the Bankruptcy Court, in form and substance
              reasonably satisfactory to the Administrative Agent, permitting de minimis asset dispositions without further order of the Bankruptcy Court, (h) any sales, transfers, leases or other dispositions in
              connection with Permitted Reorganizations, (i) dispositions of assets consisting of transactions permitted under Section 6.04, (j) Sale and Lease-Back Transactions for an aggregate consideration not to exceed $70 million or (k) dispositions
              resulting from any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding of, any property or asset of the Borrower or any Subsidiary; provided that, notwithstanding
              the foregoing, the Borrower and any of the Restricted Subsidiaries may consummate any transactions pursuant to the Acceptable Reorganization Plan.

           

          SECTION 6.04   Mergers.  Merge or consolidate with, or consummate a Division as the Dividing Person, or sell, assign, lease, or otherwise dispose of (whether in one transaction or a series of transactions) all or substantially all of
              its assets (whether now owned or hereafter acquired) to any Person, or permit any Restricted Subsidiary to do so, except that if at the time thereof and immediately after giving effect thereto no Default shall have occurred and be continuing,
              (a) any Subsidiary may merge or consolidate with or, subject to Section 6.03, sell, assign, lease, or otherwise dispose of assets to (i) the Borrower or (ii) any other Subsidiary; provided that if a Guarantor is a party to such
              transaction, the surviving entity is a Guarantor and (b)(i) any Subsidiary may merge or consolidate with any other Person so long as the surviving entity is or becomes a Subsidiary; provided that if a Guarantor is a party to such
              transaction, the surviving entity is a Guarantor and (ii) any Subsidiary that is a Delaware limited liability company may consummate a Division as the Dividing Person if, immediately upon the consummation of the Division, the assets of the
              applicable Dividing Person are held by one or more Subsidiaries that are Guarantors at such time; provided that, (i) in any such case of clauses (a) and (b) above of any such merger or consolidation to which the Borrower is a party,
              the Borrower is the surviving entity and (ii) any such merger involving a Person that is not a wholly-owned Subsidiary immediately prior to such merger shall not be permitted unless also permitted by Section 6.10; provided, further
              that notwithstanding anything to the contrary in this Agreement, any Subsidiary which is a Division Successor resulting from a Division of assets of a Subsidiary that is not an Immaterial Subsidiary may not be deemed to be an Immaterial
              Subsidiary at the time of or in connection with the applicable Division; provided, further, that, notwithstanding the foregoing, the Borrower and any of the Restricted Subsidiaries may sell, assign, lease, or otherwise dispose
              assets pursuant to Permitted Reorganizations and/or the Acceptable Reorganization Plan.

          

          

          
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          SECTION 6.05  Dividends and Payment Restrictions.  Enter into or permit any Restricted Subsidiary to enter
              into any contract or agreement (other than with a governmental regulatory authority having jurisdiction over the Borrower or such Restricted Subsidiary) following the Petition Date restricting the ability of such Restricted Subsidiary to pay
              dividends or make distributions to the Borrower in any manner that would impair the ability of the Borrower to meet its present and future obligations hereunder, other than customary restrictions relating to dividends set forth in any
              Collateral Documents or in the documents evidencing any Indebtedness permitted hereunder that are substantially similar or not more restrictive (taken as a whole) on the Borrower and its Subsidiaries in all material respects to such
              restrictions set forth in any Collateral Document or that are otherwise reasonably satisfactory to the Administrative Agent.

           

          SECTION 6.06   Transactions with Affiliates.  Except in connection with Permitted Reorganizations, sell or transfer any property or assets to, or purchase or acquire any property or assets from, or otherwise engage in any other
              transactions with, any of its Affiliates (or permit any of its Subsidiaries to do any of the foregoing), except that the Borrower or any Subsidiary may engage in any of the foregoing transactions (to the extent not otherwise prohibited
              hereunder) (i) on terms and conditions not materially less favorable to the Borrower or such Subsidiary than would reasonably be expected to be obtained on an arm’s-length basis from unrelated third parties for a comparable transaction, (ii)
              as otherwise may be required by any Federal or state Governmental Authority, (iii) so long as such transactions are not materially disadvantageous to the Borrower, (iv) so long as such transactions are solely among the Borrower and/or one or
              more of its Subsidiaries (or an entity that becomes a Subsidiary of the Borrower as a result of such transaction) (or any combination thereof), or (v) that are Disclosed Matters.

           

          SECTION 6.07    [Reserved].

          

          

          SECTION 6.08    Indebtedness; Subsidiary
                Indebtedness.

           

          (a)          Directly or indirectly, create, incur, issue, assume, guarantee or otherwise become directly or
              indirectly liable, contingently or otherwise with respect to any Indebtedness and the Borrower will not permit any of its Restricted Subsidiaries to issue any shares of preferred stock; provided that the foregoing limitations in
              clause (a) will not apply to Permitted Debt.

           

          For purposes of determining compliance with this Section 6.08(a):

           

          
            
              	 	
                      (i)

                    	
                      in the event that an item of Indebtedness or preferred stock meets the criteria of more than one of the categories of Permitted Debt described in clauses (a) through (q) of the definition thereof or,
                        the Borrower, in its sole discretion, will classify or reclassify such item of Indebtedness or preferred stock (or any portion thereof) and will only be required to include the amount and type of such Indebtedness or preferred stock
                        in one of the clauses of the definition of “Permitted Debt”; provided, that all Indebtedness in respect of the Revolving Facility will be treated as incurred under clause (a) of the definition of “Permitted Debt” and the
                        Borrower shall not be permitted to reclassify all or any portion of such Indebtedness;

                    

            

          

           

          
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                	(ii)	
                  at the time of incurrence or thereafter, the Borrower will be entitled to divide and classify or reclassify an item of Indebtedness or preferred stock in more than one of the types of Indebtedness or
                    preferred stock described in the definition of “Permitted Debt”;

                

           

          	 	(iii)	
                  the Borrower or the applicable Restricted Subsidiary may, but shall not be required to, elect pursuant to a certificate of a Financial Officer of the Borrower delivered to the Administrative Agent to
                    treat all or any portion of the commitment under any Indebtedness (including with respect to any revolving loan commitment) as being incurred at the time of such commitment and thereafter outstanding so long as such commitment remains
                    outstanding, regardless of whether fully drawn, in which case any subsequent incurrence of Indebtedness under such commitment shall not be deemed to be an incurrence at such subsequent time; and

                

           

          	 	(iv)	
                  accrual of interest, the accretion of accreted value, the payment of interest in the form of additional Indebtedness, the payment of dividends on Disqualified Stock in the form of additional shares of
                    Disqualified Stock and the reclassification of preferred stock as Indebtedness due to a change in accounting principles or the application thereof will not be deemed to be an incurrence of Indebtedness.

                

           

          (b)        Notwithstanding anything set forth in Section 6.08(a), permit any Subsidiary to enter into, directly or
              indirectly, issue, incur, assume or Guarantee any Indebtedness, except (i) Indebtedness in effect at the time such Subsidiary becomes a Subsidiary of the Borrower, so long as such Indebtedness was not entered into solely in contemplation of
              such Person becoming a Subsidiary of the Borrower (and any refinancing, refunding, renewal or extension of such Indebtedness to the extent not increasing the principal amount thereof except by the amount of accrued and unpaid interest and
              premium thereon and reasonable fees and expenses in connection with such refinancing, refunding, renewal or extension), (ii) Prepetition Debt, any Permitted Pari Passu Refinancing Debt and any Permitted Junior Refinancing Debt, (iii)
              Indebtedness of a type described in clauses (c), (d), (j), (k), (m), (n), (p) or (q) of the definition of Permitted Debt, (iv) Indebtedness of a Subsidiary to the Borrower or another Subsidiary, (v) Guarantees by any Guarantor of Indebtedness
              incurred pursuant to clause (a) of the definition of Permitted Debt, (vi) [reserved], (vii) [reserved] and (viii) Guarantees by any Guarantor of any Indebtedness of the Borrower permitted under this Agreement; provided that, except in the
              case of any Prepetition Debt, any Permitted Pari Passu Refinancing Debt and any Permitted Junior Refinancing Debt, any such Guarantee shall be subordinate in right of payment to the Guarantee by such Guarantor of the Obligations of the
              Borrower in respect of the Obligations pursuant to the terms of (x) the definitive documentation governing such Guarantee or (y) a Permitted Junior Intercreditor Agreement.

           

          SECTION 6.09    Use of Proceeds; Anti-Corruption Laws; Sanctions.  Request any Borrowing or Letter of Credit or use, or permit its Subsidiaries or its or their respective directors, officers, employees and agents to use,
              any Letter of Credit, the proceeds of any Borrowing (a) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption
              Laws, (b) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person or in any Sanctioned Country or (c) in any manner that would result in the violation of any Sanctions
              applicable to any party hereto.

           

          
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          SECTION 6.10   Restricted Payments.

           

          (a)          Directly or indirectly:

           

          
            
              	 	
                      (i)

                    	
                      declare or pay any dividend or make any distribution on account of the Borrower’s or any of its Restricted Subsidiary’s Equity Interests, including any dividend or distribution payable on account of
                        the Borrower’s or any Restricted Subsidiary’s Equity Interests in connection with any merger or consolidation, other than:

                    

            

          

           

          (A)          dividends or distributions by the Borrower payable in Equity Interests (other than
              Disqualified Stock) of the Borrower or in options, warrants or other rights to purchase such Equity Interests, or

           

          (B)          dividends or distributions payable to the Borrower or a Restricted Subsidiary of
              the Borrower so long as, in the case of any dividend or distribution payable on or in respect of any class or series of securities issued by a Restricted Subsidiary of the Borrower other than a Wholly-Owned Subsidiary, the Borrower or a
              Restricted Subsidiary of the Borrower receives at least its pro rata share of such dividend or distribution in accordance with its Equity Interests in such class or series of securities;

           

          	

                	(ii)	
                  purchase, redeem, defease or otherwise acquire or retire for value any Equity Interests of the Borrower or any direct or indirect parent of the Borrower held by Persons other than the Borrower or any of
                    its Restricted Subsidiaries, including in connection with any merger, amalgamation or consolidation;

                

           

          	 	(iii)	
                  except as set forth in the Order, make any principal payment on, or redeem, repurchase, defease or otherwise acquire or retire for value, in each case prior to any scheduled repayment, sinking fund
                    payment or maturity, any third party Indebtedness for borrowed money (other than the Obligations) (it being understood that payments of regularly scheduled principal, interest and mandatory prepayments shall be permitted); or

                

           

          	

                	(iv)	
                  make any Restricted Investment;

                

           

          (all such payments and other actions set forth in clauses (i) through (iv) above being collectively referred to as “Restricted Payments”).

           

          (b)          The foregoing provisions of Section 6.10(a) will not prohibit:

           

          	

                	(i)	
                  the payment of any dividend or distribution within 60 days after the date of declaration thereof, if at the date of declaration such payment would have complied with the provisions of this Agreement;

                

           

          	

                	(ii)	
                  Restricted Payments made in exchange for, or out of the proceeds of the substantially concurrent sale (other than to a Restricted Subsidiary) of, Equity Interests of the Borrower (in each case, other than
                    any Disqualified Stock) (“Refunding Capital Stock”);

                

           

          
            85

            
              

          

        

        

      

    

  

  
    
      	

            	(iii)	
              converting (or exchanging) any Indebtedness to (or for) Equity Interests in the Borrower (other than Disqualified Stock);

            

       

      	

            	(iv)	
              [reserved];

            

       

      	

            	(v)	
              [reserved];

            

       

      	

            	(vi)	
              repurchases of Equity Interests (A) deemed to occur upon exercise of stock options, warrants or similar instruments if such Equity Interests represent a portion of the exercise price or taxes payable in respect of such options, warrants
                or similar instruments or (B) upon the vesting of restricted stock, restricted stock units, performance shares units or similar equity incentives to satisfy tax withholding or similar tax obligations with respect thereto;

            

       

      	

            	(vii)	
              any Restricted Payment required by (A) the RSA (but only on the Consummation Date of an Acceptable Reorganization Plan), (B) any Permitted Reorganizations or (C) the Prepetition Revolving Facility Payoff;

            

       

      	

            	(viii)	
              the declaration and payment of dividends by the Borrower to, or the making of loans to, any direct or indirect parent in amounts required for any direct or indirect parent companies to pay:

            

       

      (A)          franchise taxes and other fees, taxes and expenses required to maintain their corporate or other legal existence, and

       

      (B)          customary salary, bonus and other benefits payable to officers and employees of any direct or indirect parent company of the Borrower to the extent such salaries,
        bonuses and other benefits are attributable to the ownership or operation of the Borrower and its Subsidiaries;

       

      	

            	(ix)	
              [reserved];

            

       

      	

            	(x)	
              [reserved];

            

       

      	

            	(xi)	
              the repayment in full of all or any portion of the revolving credit facility under the Prepetition Credit Agreement; and

            

       

      	

            	(xii)	
              the repayments of the applicable Prepetition Debt with the proceeds of, and in connection with, the incurrence of any Permitted Pari Passu Refinancing Debt or any Permitted Junior Refinancing Debt.

            

       

      The amount of all Restricted Payments (other than cash) will be the fair market value on the date of the Restricted Payment of the asset(s) or securities proposed to be transferred or issued by the Borrower or such
        Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment.  For purposes of determining compliance with this Section 6.10, in the event that a Restricted Payment meets the criteria of more than one of the categories described in
        Section 6.10(a), clauses (i) through (xi) of Section 6.10(b) or the definition of “Permitted Investments,” the Borrower will be permitted to classify such Restricted Payment and later reclassify all or a portion of such Restricted Payment in any
        manner that complies with this Section 6.10.  In addition, a Restricted Payment need not be permitted solely by reference to one provision permitting such Restricted Payment but may be permitted in part by one such provision and in part by one or
        more other provisions of this Section 6.10 permitting such Restricted Payment.

       

      
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      (c)          In the case of the Borrower only, declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or
        otherwise) to do so, in each case if any Event of Default has occurred and is continuing at the time of such action or will result therefrom (but excluding the payment of dividends declared and announced by the board of directors of the Borrower at
        a time when no Event of Default existed).

       

      SECTION 6.11   New Subsidiaries.  Other than pursuant to the Acceptable Reorganization Plan or in connection
        with Permitted Reorganizations, form or acquire any additional Subsidiary after the Closing Date without the prior written consent of the Administrative Agent.

       

      ARTICLE VII

       

      EVENTS OF DEFAULT

       

      SECTION 7.01   Events of Default.  If any of the following events (“Events of Default”) shall occur:

       

      (a)          the Borrower shall fail to pay any principal of any Loan or any reimbursement obligation in respect of any LC Disbursement when and as the same shall become due and
        payable (after giving effect to ABR Loans made pursuant to Section 2.22(e)), whether at the due date thereof or at a date fixed for prepayment thereof or otherwise;

       

      (b)         the Borrower shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in Section 7.01(a)) payable by the Borrower
        under this Agreement or under any other Loan Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of five Business Days;

       

      (c)          any representation or warranty made or deemed made by or on behalf of the Borrower or any of its Subsidiaries in or in connection with this Agreement or any other
        Loan Document or any amendment or modification hereof or thereof, or any waiver hereunder or thereunder, or in any report, certificate, financial statement or other document furnished pursuant to or in connection with this Agreement or any other
        Loan Document or any amendment or modification hereof or thereof, or any waiver hereunder or thereunder, shall prove to have been incorrect when made or deemed made in any material respect;

       

      (d)          the Borrower shall fail to observe or perform any covenant, condition or agreement contained in Section 5.01(a)(i) (with respect to the Borrower only), Section
        5.01(g), Section 5.05, Section 5.07 or in Article VI;

       

      (e)          the Borrower shall fail to observe or perform any covenant, condition or agreement contained in this Agreement (other than those specified in Section 7.01(a), (b) or
        (d)) or any other Loan Document and such failure shall continue unremedied for a period of 30 days after the earlier to occur of (i) the Borrower obtaining knowledge thereof and (ii) the date that notice thereof shall have been given to the
        Borrower by the Administrative Agent or the Required Lenders;

       

      
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      (f)         the Borrower or any Restricted Subsidiary shall fail to make any payment of any amount in respect of Indebtedness of the Borrower or such Restricted Subsidiary
        (except for the Indebtedness outstanding hereunder or any Prepetition Debt) in an aggregate principal amount of $50,000,000 or more, when and as the same shall become due and payable after giving effect to any applicable grace periods;

       

      (g)         any breach by the Borrower or any of its Restricted Subsidiaries of any agreement or instrument relating to Indebtedness occurs that results in any Indebtedness of
        any one or more of the Borrower and its Restricted Subsidiaries in an aggregate principal amount exceeding $50,000,000 becoming due prior to its scheduled maturity or that enables or permits the holder or holders of any such Indebtedness or any
        trustee or agent on its or their behalf to cause any such Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity, in each case after giving effect to any applicable
        grace period and delivery of any applicable required notice; or, as a result of any such breach, any such Indebtedness shall be required to be prepaid (other than by a regularly scheduled required prepayment, pursuant to any put right (or similar
        right) of the holder thereof, or by the exercise by the Borrower or any Restricted Subsidiary of its right to make a voluntary prepayment) in whole or in part prior to its stated maturity; or there occurs under any Swap Contract an Early
        Termination Date (as defined in such Swap Contract) resulting from (A) any event of default under such Swap Contract as to which the Borrower or any Restricted Subsidiary is the Defaulting Party (as defined in such Swap Contract) or (B) any
        Termination Event (as defined in such Swap Contract) under such Swap Contract as to which the Borrower or any Restricted Subsidiary is an Affected Party (as defined in such Swap Contract) and, in either event, the Swap Termination Value owed by the
        Borrower or such Subsidiary as a result thereof is greater than $50,000,000; provided that this Section 7.01(g) shall not apply to any (w) Indebtedness that becomes due as a result of a voluntary redemption, repayment or refinancing of such
        Indebtedness effected in accordance with the terms of the agreement governing such Indebtedness and which is not prohibited by this Agreement, (x) any Indebtedness outstanding hereunder, (y) any Prepetition Debt unless such Prepetition Debt has
        been accelerated and the enforcement of remedies with respect to such Prepetition Debt shall not have been stayed by the commencement of the Cases or (z) Indebtedness that is mandatorily prepayable or redeemable prior to the scheduled maturity
        thereof with the proceeds of the issuance of capital stock, the incurrence of other Indebtedness or the sale or other disposition of any assets, so long as such Indebtedness that has become due is so prepaid or redeemed with such net proceeds
        required to be used to prepay such Indebtedness when due (or within any applicable grace period) and such event shall not have otherwise resulted in an event of default with respect to such Indebtedness;

       

      (h)         [reserved];

       

      (i)          [reserved];

       

      (j)           one or more judgments for the payment of money (excluding any order fixing the amount of any claim in the Cases) in an aggregate amount in excess of $50,000,000 (to
        the extent not paid, fully bonded or covered by insurance or a third party indemnity) (and in the case of such a judgment against any of the Debtors, such judgment arose post-petition) shall be rendered against the Borrower or any of its Restricted
        Subsidiaries or any combination thereof and the same shall remain undischarged, unvacated or undismissed for a period of 60 consecutive days during which execution shall not be effectively stayed (by reason of pending appeal or otherwise, including
        pursuant to the Bankruptcy Code), or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of the Borrower or any of its Subsidiaries to enforce any such judgment and such action shall not have been stayed
        (including pursuant to the Bankruptcy Code);

       

      
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      (k)         a Plan shall fail to satisfy the minimum funding standard required by Section 412(a) of the Code for any plan year or a waiver of such standard is sought or granted
        under Section 412(c), or a Plan is or shall have been terminated or the subject of termination proceedings under ERISA, or the Borrower or an ERISA Affiliate has incurred a liability to or on account of a Plan under Section 4062, 4063, 4064, 4201,
        4204 or 4219 of ERISA, and any such event or events shall, or shall be reasonably expected to, result in a Material Adverse Effect;

       

      (l)           a Change in Control shall occur;

       

      (m)       after execution thereof, (i) any material provisions of any Loan Document shall cease to be in full force and effect, or the Borrower or any Pledgor shall so assert in
        writing, (ii) any Lien required hereby that is created by the Order or any other Collateral Document shall cease to be enforceable and of the same effect and priority purported to be created thereby, or the Borrower or any other Loan Party shall so
        assert in writing, in each case, for any reason other than (x) pursuant to the terms hereof and thereof including as a result of a transaction not prohibited under this Agreement or (y) the failure of the Administrative Agent or the Collateral
        Agent to maintain possession of any certificates representing or evidencing the Collateral actually delivered to it or (iii) all or substantially all of the value of the Guarantees under the Guaranty Agreement shall cease to be in full force and
        effect, or Guarantors in respect thereof shall so assert in writing, for any reason other than pursuant to the terms hereof and thereof including as a result of a transaction not prohibited under this Agreement;

       

      (n)          [reserved];

       

      (o)        (i) any of the Cases of the Debtors shall be dismissed or converted to a case under Chapter 7 of the Bankruptcy Code or any Debtors shall file a motion or other
        pleading seeking the dismissal of any of Case of any Debtor (other than any such dismissal or conversion of the cases of the PNW Sold Entities) under Section 1112 of the Bankruptcy Code or otherwise or (ii) a trustee, interim receiver, receiver or
        manager shall be appointed in any of the Cases, or a responsible officer or an examiner with enlarged powers relating to the operation of the business (powers beyond those set forth in Section 1106(a)(3) and (4) of the Bankruptcy Code) under
        Section 1104(b) of the Bankruptcy Code shall be appointed in any of the Cases of the Debtors;

       

      (p)        (i) an application shall be filed by any Debtor for the approval of, or an order of the Bankruptcy Court shall be entered granting, any other Liens or claims (as such
        word is defined in the Bankruptcy Code), other than the Carve-Out or Liens securing Permitted Pari Passu Refinancing Debt, in any of the Cases of the Debtors that is pari passu with or senior to the claims (as such word is defined in the Bankruptcy
        Code) or Liens of the Administrative Agent, the Lenders or the other Secured Parties on the Collateral against the Borrowers or any other Loan Party or (ii) any Liens or claims (as such word is defined in the Bankruptcy Code) senior to or pari
        passu with the claims (as such word is defined in the Bankruptcy Code) or Liens of the Administrative Agent, the Lenders or the other Secured Parties on the Collateral (other than the Carve-Out, Liens securing any Permitted Pari Passu Refinancing
        Debt or any Lien permitted by Section 6.01 expressly permitted in the Order to be senior to or pari passu with such claims or Liens) against the Borrowers or any other Loan Party shall be discovered to exist, arise or otherwise be granted;

       

      
        89

        
          

      

      (q)         other than payments authorized by the Bankruptcy Court in respect of “first day orders” or other orders entered upon pleadings in form and substance reasonably
        satisfactory to the Administrative Agent and the Required Lenders, as required by the Bankruptcy Code, any Debtor makes any payments (whether by way of “adequate protection” or otherwise) of principal or interest or otherwise on account of any
        Prepetition Debt or payables (for the avoidance of doubt, other than repayment in full of the revolving loans under the Prepetition Credit Agreement or with the proceeds of Permitted Pari Passu Refinancing Debt or Permitted Junior Refinancing
        Debt);

       

      (r)          the Bankruptcy Court shall enter an order or orders granting relief from the automatic stay applicable under section 362 of the Bankruptcy Code to any creditor or
        party in interest to permit foreclosure (or the granting of a deed in lieu of foreclosure or the like) on any assets of the Debtors that have an aggregate value in excess of $50,000,000 or to permit other actions that would have a material adverse
        effect on the Debtors or their estates;

       

      (s)         (i) an order shall be entered reversing, amending, supplementing, staying, vacating or otherwise modifying the Final DIP Order, or the Borrower or any of its
        Affiliates shall apply for authority to do so, without the prior written consent of the Lenders, (ii) the Final DIP Order with respect to the Revolving Facility shall otherwise cease to be in full force and effect in any respect or (iii) the
        Borrower or any of its Affiliates shall fail to comply with the Final DIP Order;

       

      (t)           an order shall be entered by the Bankruptcy Court terminating any of the Debtors’ exclusive periods for proposing a Reorganization Plan;

       

      (u)          an order shall be entered by the Bankruptcy Court confirming a Reorganization Plan other than an Acceptable Reorganization Plan;

       

      (v)          the Final DIP Order shall cease to create valid and perfected Liens on the Collateral with the priority contemplated therein or valid and enforceable Superpriority
        Claims in respect of the obligations;

       

      (w)         any of the Collateral shall be subject to surcharge under Section 506(c) of the Bankruptcy Code or otherwise;

       

      (x)          an order shall be entered by the Bankruptcy Court authorizing (i) use of cash collateral inconsistent with the Loan Documents or (ii) postpetition financing, other
        than the Revolving Facility and any Permitted Pari Passu Refinancing Debt and/or Permitted Junior Refinancing Debt;

       

      (y)         any Loan Party (or any direct or indirect Subsidiary thereof) shall (i) obtain court authorization to commence, or shall commence, join in, assist or otherwise
        participate as an adverse party, in any suit or other proceeding against the Administrative Agent, the Joint Lead Arrangers or any Lender;

       

      (z)          an order shall be entered approving the sale of all or substantially all assets of the Debtors;

       

      (aa)        any of the Debtors shall fail to comply with the Final DIP Order;

       

      
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      (bb)        (i) the filing by any Debtor of a motion, pleading or other proceeding that could reasonably be expected to result in an impairment of the rights or interest of the
        Lenders and such motion, pleading or proceeding shall not be withdrawn or dismissed within one (1) Business Day after a request to such Debtor by the Administrative Agent or the Required Lenders to withdraw or dismiss such motion, pleading or
        proceeding (ii) or a determination by a court of competent jurisdiction with respect to a motion, pleading or proceeding brought by another party that results in such an impairment;

       

      (cc)       any of the Debtors shall file or support any pleading seeking relief the grant of which would give rise to an Event of Default;then, and in every such event, and at
        any time thereafter during the continuance of such event, subject in each case to the terms and conditions of the Final DIP Order, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take any
        or all of the following actions, at the same or different times:  (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which
        case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other
        obligations of the Borrower accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower, and (iii) require that the Borrower cash
        collateralize the LC Exposure pursuant to Section 2.22(k); provided that with respect to enforcement of Liens or other remedies with respect to the Collateral of the Debtors, the Administrative Agent shall provide the Borrower at least 5
        Business Days’ notice prior to the taking of such action; provided further that during such period, any party in interest shall be entitled to seek an emergency hearing with the Bankruptcy Court, for the sole purpose of contesting
        whether an Event of Default has occurred and/or is continuing. 

       

      ARTICLE VIII

       

      AGENCY

       

      SECTION 8.01    Administrative Agent and Collateral Agent.  Each of the Lenders hereby irrevocably appoints
        Goldman Sachs Bank USA 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 reasonably incidental thereto.  Each of the Secured Parties hereby irrevocably appoints JPMorgan Chase Bank, N.A. to act on its behalf as the
        Collateral Agent hereunder and under the other Loan Documents and authorizes the Collateral Agent to act as the agent of (and to hold any security interest created by the Collateral Documents for and on behalf of or on trust for) such Secured Party
        for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by the Borrower or any of its Subsidiaries to secure any of the Obligations and to take such actions on its behalf and to exercise such powers as are delegated
        to the Collateral Agent by the terms of any Loan Document, together with such powers and discretion as are reasonably incidental thereto.  Without limiting the generality of the foregoing, the Lenders hereby expressly authorize the Administrative
        Agent and the Collateral Agent to (i) execute any and all documents (including releases) with respect to the Collateral and the rights of the Secured Parties with respect thereto, as contemplated by and in accordance with the provisions of this
        Agreement and the Collateral Documents and (ii) negotiate, enforce or the settle any claim, action or proceeding affecting the Lenders in their capacity as such and, in each case, acknowledge and agree that any such action by the Administrative
        Agent and/or Collateral Agent shall bind the Lenders.

       

      
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      The provisions of this Article are solely for the benefit of the Administrative Agent, the Collateral Agent and the Lenders, and the Borrower shall not have rights as a third party beneficiary of
        any of such provisions except with respect to a successor Administrative Agent and/or Collateral Agent and the terms of Section 8.03.  The Person serving as the Administrative Agent and the Collateral Agent hereunder shall have the same rights and
        powers and obligations in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and/or the Collateral Agent.  The term “Lender” or “Lenders” shall, unless otherwise expressly indicated
        or unless the context otherwise requires, include the Person serving as the Administrative Agent and/or the Collateral Agent hereunder in its individual capacity.  Such Person and its Affiliates may accept deposits from, lend money to, act as the
        financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent and/or the Collateral Agent
        hereunder and without any duty to account therefor to the Lenders.

       

      Each of the Administrative Agent and the Collateral Agent shall not have any duties or obligations in its capacity as such except those expressly set forth herein and in the other Loan Documents. 
        Without limiting the generality of the foregoing, neither the Administrative Agent nor the Collateral Agent:

       

      (a)          shall be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;

       

      (b)         shall 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 Required 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 discretionary 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; and

       

      (c)         shall, 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 the Borrower 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.

       

      Neither the Administrative Agent nor the Collateral Agent shall be liable to the Lenders for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number or
        percentage of the Lenders as shall be necessary, or as the Administrative Agent and/or the Collateral Agent, as applicable, shall believe in good faith shall be necessary, under the circumstances as provided in Section 9.02) or (ii) in the absence
        of its own gross negligence or willful misconduct.  The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given to the Administrative Agent by the Borrower or a Lender.

       

      The Administrative Agent and/or the Collateral Agent shall not be responsible to the Lenders or Issuing Banks for or have any duty to the Lenders or Issuing Banks 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 by any other party hereto 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, (v) the creation, perfection or priority of Liens on the Collateral or the existence, value or sufficiency of the Collateral, or (vi) the
        satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent and/or the Collateral Agent.

       

      
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      The Administrative Agent and/or the Collateral 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 of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or an Issuing Bank, the Administrative Agent may presume that such condition is satisfactory to such
        Lender or such Issuing Bank unless the Administrative Agent shall have received notice to the contrary from such Lender or such Issuing Bank prior to the making of such Loan or the issuance of such Letter of Credit.  The Administrative Agent and/or
        the Collateral Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by them, and shall not be liable for any action taken or not taken by them in accordance with the advice
        of any such counsel, accountants or experts.

       

      The Administrative Agent shall not be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or enforce, compliance with the provisions hereof relating to
        Disqualified Lenders.  Without limiting the generality of the foregoing, the Administrative Agent shall not (x) be obligated to ascertain, monitor or inquire as to whether any Lender or Participant or prospective Lender or Participant is a
        Disqualified Lender or (y) have any liability with respect to or arising out of any assignment or participation of Loans and/or Commitments, or disclosure of confidential information, to any Disqualified Lender.

       

      Each of the Administrative Agent and the Collateral 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
        or more sub-agents appointed by the Administrative Agent or the Collateral Agent, as applicable.  The Administrative Agent, the Collateral Agent and any such sub-agent may perform any and all of their respective duties and exercise their respective
        rights and powers by or through their respective Related Parties.  The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent, the Collateral 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 and the Collateral Agent.

       

      
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      Each of the Administrative Agent and the Collateral Agent may at any time give notice of its resignation to the Lenders, the Issuing Banks and the Borrower.  Upon receipt of any such notice of
        resignation, the Required Lenders shall have the right to appoint a successor, which shall be a bank with an office in New York, New York, or an Affiliate of any such bank with an office in New York, New York and which shall be reasonably
        acceptable to the Borrower.  If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent and/or Collateral Agent gives notice of its
        resignation, then the retiring Administrative Agent and/or Collateral Agent may, on behalf of the Lenders and the Issuing Banks, appoint a successor Administrative Agent and/or Collateral Agent meeting the qualifications set forth above; provided
        that, if the Administrative Agent and/or the Collateral Agent shall notify the Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice
        and (1) the retiring Administrative Agent and/or Collateral Agent, as applicable, shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the
        Collateral Agent on behalf of any of the Secured Parties under any of the Loan Documents, the retiring Collateral Agent shall continue to hold such collateral security until such time as a successor Collateral Agent is appointed) and (2) all
        payments, communications and determinations provided to be made by, to or through the Administrative Agent and/or the Collateral Agent shall instead be made by or to each Lender and each Issuing Bank directly, until such time as the Required
        Lenders appoint a successor Administrative Agent and/or Collateral Agent as provided for above in this paragraph.  Upon the acceptance of a successor’s appointment as Administrative Agent and/or Collateral Agent hereunder, such successor shall
        succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative Agent and/or Collateral Agent, and the retiring Administrative Agent and/or Collateral 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 paragraph).  The fees payable by the Borrower to a successor Administrative Agent and/or Collateral Agent shall
        be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor.  After the retiring Administrative Agent’s and/or Collateral Agent’s resignation hereunder and under the other Loan Documents, the
        provisions of this Article and Section 9.03 shall continue in effect for the benefit of such retiring Administrative Agent and/or Collateral Agent, their respective sub-agents, as applicable 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 and/or Collateral Agent was acting as Administrative Agent and/or Collateral Agent.

       

      Each Lender and each Issuing Bank 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 Issuing Bank 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 (which may contain material, non-public information within the meaning of the United States securities laws concerning the Borrower
        and its Affiliates and their respective securities) 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.

       

      Except as otherwise provided in Section 9.02(b), the Administrative Agent may, with the prior consent of the Required Lenders (but not otherwise), consent to any modification, supplement or waiver
        under any of the Loan Documents.  The Administrative Agent and/or the Collateral Agent may, without any further consent of any Lender, enter into (i) any intercreditor agreement in connection with any Permitted Pari Passu Refinancing Debt that is
        to be secured by Liens permitted pursuant to Section 6.01 that are contemplated or required to be pari passu with any Liens securing the Obligations and/or (ii) a Permitted Junior Intercreditor Agreement in connection with any Indebtedness not
        prohibited hereby that is to be secured by Liens permitted pursuant to Section 6.01 that are contemplated or required to be junior to any Liens securing the Obligations. Any intercreditor agreement entered into by the Administrative Agent and/or
        Collateral Agent in accordance with the terms of this Agreement shall be binding on the Secured Parties.

       

      To the extent required by any applicable law (as determined in good faith by the Administrative Agent), the Administrative Agent may withhold from any payment to any Lender under any Loan Document
        an amount equivalent to any applicable withholding Tax.  Without limiting or expanding the provisions of Section 2.14, each Lender shall, and does hereby, indemnify the Administrative Agent against, and shall make payable in respect thereof within
        30 days after demand therefor, any and all Taxes and any and all related losses, claims, liabilities and expenses (including fees, charges and disbursements of any counsel for the Administrative Agent) incurred by or asserted against the
        Administrative Agent by the Internal Revenue Service or any other Governmental Authority as a result of the failure of the Administrative Agent to properly withhold Tax from amounts paid to or for the account of any Lender for any reason (including
        because the appropriate form was not delivered or not properly executed, or because such Lender failed to notify the Administrative Agent of a change in circumstance that rendered the exemption from, or reduction of withholding Tax ineffective).  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 hereby authorizes the Administrative Agent to set off and apply any and all
        amounts at any time owing to such Lender under this Agreement or any other Loan Document against any amount due the Administrative Agent under this paragraph.  The agreements in this paragraph shall survive the resignation and/or replacement of the
        Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations.

       

      
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      SECTION 8.02   Bookrunners, Etc. Anything herein to the contrary notwithstanding, none of the bookrunners,
        arrangers, syndication agents or documentation agents listed on the cover page hereof 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 or a Lender hereunder.

       

      SECTION 8.03   Collateral and Guaranty Matters; Enforcement.  The Lenders irrevocably agree that any Lien on
        any property granted to or held by the Administrative Agent or the Collateral Agent under any Loan Document shall be automatically released (i) upon termination of the Commitments and payment in full in cash of all Obligations (other than (x)
        contingent indemnification obligations not yet accrued and payable and (y) outstanding Letters of Credit pursuant to which credit support reasonably satisfactory to the applicable Issuing Bank shall have been delivered), (ii) if such Lien is no
        longer required to be granted to secure the Obligations pursuant to the terms of this Agreement, (iii) subject to the last proviso to Section 9.02(b), if the release of such Lien is approved, authorized or ratified in writing by the Required
        Lenders or (iv) upon the sale or disposition of any such property to a Person that is not a Loan Party, Pledged Subsidiary, Specified Subsidiary or a Pledgor pursuant to any transaction permitted hereunder (including, for the avoidance of doubt,
        the assets sold pursuant to the Acceptable Reorganization Plan).  The Lenders irrevocably agree that each of the Administrative Agent and the Collateral Agent is irrevocably authorized to release any Lien on any property granted to or held by the
        Administrative Agent or the Collateral Agent under any Loan Document in connection with the exercise of remedies hereunder or under any other Loan Document so long as any proceeds thereof are shared in accordance with Section 2.15(b).

       

      In addition, the Lenders, the Issuing Banks and the other Secured Parties hereby irrevocably agree that any Guarantor shall be released from its respective Guarantee (i) automatically upon
        consummation of any transaction permitted hereunder resulting in such Subsidiary ceasing to constitute a Subsidiary (including, for the avoidance of doubt, pursuant to the Acceptable Reorganization Plan) or (ii) if the release of such Guarantor is
        approved, authorized or ratified by the Required Lenders (or such other percentage of Lenders whose consent is required in accordance with Section 9.02).

       

      Upon request by the Administrative Agent or the Collateral Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s or the Collateral Agent’s authority to release
        or, unless this Agreement requires that the Lien securing the Obligations be senior or pari passu, subordinate its interest in particular types or items of property pursuant to this Section 8.03.  In each case as specified in this Section 8.03, the
        Administrative Agent and/or the Collateral Agent will promptly (and each Lender irrevocably authorizes the Administrative Agent and the Collateral Agent to), at the Borrower’s expense, execute and deliver to the Borrower or applicable Subsidiary
        such documents as the Borrower may reasonably request to evidence the release or subordination of such item of Collateral from the assignment and security interest granted under the Collateral Documents; provided, that prior to any such
        request, the Borrower shall have in each case delivered to the Administrative Agent a certificate of a Financial Officer of the Borrower providing certifications with respect to such release or subordination as the Administrative Agent or
        Collateral Agent may reasonably request.

       

      
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      By its acceptance of the benefits of this Agreement and the other Loan Documents, each Lender agrees that no Lender shall have any right individually to enforce or seek to enforce this Agreement or
        the other Loan Documents or to realize upon any collateral or other security given to secure the payment and performance of any of the Secured Obligations.

       

      SECTION 8.04   Certain ERISA Matters. (a) Each Lender (x) represents and warrants, as of the date such
        Person became a Lender party hereto, to, and (y) 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 and its 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 of the following is and will be true:

       

      	

            	(i)	
              such Lender is not using “plan assets” (within the meaning of the Plan Asset Regulations) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments;

            

       

      	

            	(ii)	
              the transaction exemption set forth in one 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 sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender has provided another representation, warranty and covenant as provided in
        sub-clause (iv) in the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) 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 and its Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that the Administrative Agent
        or any of its Affiliates is not a fiduciary with respect to the Collateral or the assets of such Lender (including 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).

       

      
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      (c)          The Administrative Agent hereby informs the Lenders that each such Person is not undertaking to provide 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 (i) may receive interest or other payments with respect to the Loans, the Letters of Credit, the
        Commitments, this Agreement and any other Loan Documents (ii) 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 (iii) 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.

       

      ARTICLE IX

       

      MISCELLANEOUS

       

      SECTION 9.01    Notices.

       

      (a)          Notices Generally.  Except in the case of notices and other communications expressly permitted to be given by telephone or as
        otherwise provided in Section 9.01(b), all notices, requests, demands 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
        telecopier, as follows:

       

      	

            	(i)	
              if to the Borrower, to it at Frontier Communications Corporation, 401 Merritt 7, Norwalk, CT 06851, Attention of Chief Financial Officer (Telecopier No. 203-614-4602; Telephone No. 203-614-5032; Electronic Mail:  Sb7874@ftr.com), with a
                copy to Frontier Communications Corporation, 401 Merritt 7, Norwalk, CT 06851, Attention of Chief Legal Officer (Telecopier No. 203-614-4651; Telephone No. 203-614-5050; Electronic Mail:  mark.nielsen@ftr.com);

            

       

      	

            	(ii)	
              if to the Administrative Agent, to:

            

       

      

      Goldman Sachs Bank USA

      2001 Ross Ave, 29th Floor

      Dallas, TX 75201

      Telephone: 972-368-2323

      Facsimile: (646) 769-7829

      E-mail: gs-dallas-adminagency@ny.email.gs.com and

      gs-sbdagency-borrowernotices@ny.email.gs.com

      Attention: SBD Operations

       

      
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      With a copy to:

       

      

      Goldman Sachs Bank USA

      200 West Street

      New York, NY 10282

      Attn: Bank Debt Portfolio Group

      E-mail: douglas.tansey@gs.com

      Telephone: (212) 902-5192

       

      	

            	(iii)	
              if to Goldman Sachs Bank USA, as Issuing Bank, to:

            

       

      Goldman Sachs Bank USA

      c/o Goldman Sachs Loan Operations

      Attention: Letter of Credit Department Manager

      2001 Ross Avenue, 29th Floor

      Dallas, TX 75201

      Telephone: 972-368-2790

      Fax: 917-977-4587

      E-mail: gs-loc-business@gs.com

       

      	

            	(iv)	
              if to the Collateral Agent, to:

            

       

      JPMorgan Chase Bank, N.A.

      Mail code NY1-C413

      4 CMC, Brooklyn, NY, 11245-0001

      Attention: CIB DMO WLO

      Telephone: 718-242-0209

      Email: ib.collateral.services@jpmchase.com

       

      	

            	(v)	
              if to a Lender or other Issuing Bank, to it at its address (or telecopier number) set forth in its Administrative Questionnaire.

            

       

      Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by telecopier shall be deemed to have been given when sent
        (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient).  Notices delivered through electronic communications to the extent
        provided in paragraph (b) below, shall be effective as provided in said paragraph (b).

       

      (b)          Electronic Communications.  Notices and other communications to the Lenders and the Issuing Banks hereunder may be delivered or
        furnished by electronic communication (including e-mail 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 Issuing Bank
        pursuant to Article II if such Lender or such Issuing Bank, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication.  The Administrative Agent or the Borrower
        may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or
        communications.

       

      
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      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), provided that if such notice or other communication is not sent during the normal business hours of
        the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed
        received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor.

       

      Any notices and other communication to any Lenders, prospective Lenders, Participants or prospective Participants or, to the extent such disclosure is otherwise permitted, to any other Person
        through an electronic system such as an Internet or intranet website that provides for access to data protected by passcodes or other security system shall be made subject to the acknowledgement and acceptance by such Person that such communication
        is being disseminated or disclosed on a confidential basis (on terms substantially the same as set forth in Section 9.12 or otherwise reasonably acceptable to the Administrative Agent and the Borrower), which shall in any event require “click
        through” or other affirmative actions on the part of the recipient to access such communication.

       

      (c)        Change of Address, Etc.  Any party hereto may change its address or telecopier number for notices and other communications hereunder by
        notice to the other parties hereto (or, in the case of any such change by a Lender, by notice to the Borrower and the Administrative Agent).

       

      SECTION 9.02    Waivers; Amendments.

       

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

       

      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
        Borrower or, as applicable, any Subsidiary 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 for the benefit of the
        Lenders and/or the Collateral Agent for the benefit of the Secured Parties; provided, however, that the foregoing shall not prohibit (i) the Administrative Agent or the Collateral Agent from exercising on its own behalf the rights
        and remedies that inure to its benefit (solely in its capacity as Administrative Agent or Collateral Agent, as applicable) hereunder and under the other Loan Documents, (ii) any Lender from exercising setoff rights in accordance with Section 9.08,
        or (iii) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to the Borrower or any Subsidiary under any Debtor Relief Law.

       

      
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      (b)         Amendments.  None of this Agreement or any provision hereof or any provision of the other Loan Documents may be waived, amended or
        modified except pursuant to an agreement or agreements in writing entered into by the Borrower and the Required Lenders or by the Borrower and the Administrative Agent with the consent of the Required Lenders; provided that, without the
        consent of each Lender directly and adversely affected thereby, no such agreement shall do any of the following (it being understood and agreed that this proviso shall not apply to (1) a waiver, extension, postponement or reduction of any default
        interest, (2) a waiver or extension of Defaults or Events of Default (other than pursuant to Section 7.01(a) or (b)) or (3) a waiver, extension, postponement or reduction of any mandatory prepayment (or modification of any defined term relating
        thereto):

       

      	

            	(i)	
              increase the Commitment of any Lender,

            

       

      	

            	(ii)	
              reduce the principal amount of any Loan owed to any Lender or reduce the rate of interest thereon, or reduce any fees payable hereunder to any Lender,

            

       

      	

            	(iii)	
              postpone the scheduled date of payment of the principal amount of any Loan, or any interest thereon, or any fees payable hereunder to any Lender, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date
                of expiration of any Commitment,

            

       

      	

            	(iv)	
              change Section 2.15(b), (c) or (d) in a manner that would alter the pro rata sharing of payments required thereby;

            

       

      provided, further, that no such agreement shall (A) change any of the provisions of this Section 9.02(b) or the percentage in the definition of the term
        “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent of each
        Lender, (B) change any of the provisions of Section 2.15(b) relating to the order of payments, without the written consent of each Lender, (C) release all or substantially all of the Collateral required to be subject to a Lien securing the
        Obligations pursuant to the terms of this Agreement, without the written consent of each Lender, (D) waive, amend or modify (i) the last sentence of Section 2.19 or (ii) Section 7.01(h) (or any other provision which would result in an amendment,
        restatement, waiver or modification of any of the foregoing), in each case, without the written consent of each Lender or (E) amend, modify or otherwise affect the rights or duties of the Administrative Agent hereunder (including pursuant to
        Section 2.17) without the prior written consent of the Administrative Agent.  Notwithstanding the foregoing, no consent with respect to any amendment, waiver or other modification of this Agreement or any other Loan Document shall be required of
        any Defaulting Lender except to the extent required pursuant to Section 2.17(b).

       

      Notwithstanding the foregoing, except as expressly contemplated in clause (D) in the immediately preceding paragraph, Exhibit B to this Agreement, the definitions of “Exit Facility Agreement” and “Exit Facility Term
        Sheet” and Section 2.19 (or any other provision which would result in an amendment, restatement, waiver or modification of any of the foregoing) may be amended, restated, waived or otherwise modified with the prior written consent of the Required
        Lenders, the Administrative Agent and the Borrower; provided that to the extent such amendment, restatement, waiver or other modification would require the consent of any affected “Lender”, all “Lenders” or any other Person (or requisite class of
        Persons) under the terms of Exhibit B as in effect on the Closing Date, the prior written consent of the corresponding affected Lender, all Lenders or such corresponding Person (or requisite Class of Persons) under this Agreement shall be required;
        provided, further, that the Lenders hereby authorize the Administrative Agent to enter into any amendments to this Agreement and the other Loan Documents as may be necessary, in the reasonable opinion of the Administrative Agent and the Borrower,
        to give effect to the transaction contemplated by Section 2.19 and such other technical or immaterial amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Borrower in connection therewith.

       

      
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      Notwithstanding anything to the contrary herein or in any other Loan Document, without the consent of any Lender, the Borrower and the Administrative Agent may (I) enter into any amendment, supplement or modification
        of any Loan Document, or enter into any new agreement or instrument, (w) to effect the granting, perfection, protection, expansion or enhancement of any security interest in any Collateral or additional property to become Collateral for the benefit
        of the Secured Parties, (x) as required by local law or to comply with advice from local counsel to give effect to, or protect any security interest for the benefit of the Secured Parties, in any property or so that the security interests therein
        comply with applicable law or any Loan Document, (y) to otherwise enhance the rights or benefits of any Lender under any Loan Document or (z) in the case of any Collateral Document, to reaffirm or modify any Collateral Document to release any Lien
        securing the Obligations in accordance with Section 8.03 and (II) enter into any amendment, supplement or modification of any Loan Document to cure any ambiguity, omission, mistake, defect or inconsistency, to correct any typographical error or
        other manifest error in any Loan Document or to effect administrative changes of a technical or immaterial nature.

       

      (c)          [Reserved].

       

      (d)          [Reserved].

       

      (e)          Additional Amendments. Notwithstanding the foregoing, this Agreement may not be amended or modified to:

       

      	

            	(i)	
              release all or substantially all of the value of the Guarantees under the Guaranty Agreement without the consent of each Lender directly and adversely affected thereby; or

            

       

      	

            	(ii)	
              amend, modify or otherwise affect the rights or duties of the Issuing Banks hereunder  without the prior written consent of each Issuing Bank.

            

       

      (f)          Notwithstanding the foregoing, the Letter of Credit Sublimit of any Issuing Bank listed on Schedule 1 may be modified and technical and
        conforming modifications to the Loan Documents may be made in connection therewith with the consent of the Borrower, such Issuing Bank and the Administrative Agent (and without the consent of any Lender).

       

      SECTION 9.03    Expenses; Indemnity; Damage Waiver.

       

      (a)          Costs and Expenses.  The Borrower shall pay (i) all reasonable documented (in reasonable detail) out-of-pocket expenses incurred by the
        Administrative Agent and its Affiliates (but limited, (i) in the case of legal fees and expenses, to the reasonable and documented fees, charges and disbursements of a single primary external counsel, one regulatory counsel and, if reasonably
        necessary, of a single local counsel in each applicable jurisdiction, in each case, selected by the Administrative Agent, which, in each case, shall exclude allocated costs of in-house counsel and (ii) in the case of fees or expenses with respect
        to any other advisor or consultant, solely to the extent the Borrower has consented to the retention of such person), 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, (ii) all reasonable documented (in reasonable detail) out-of-pocket expenses incurred by any Issuing Bank in connection with the issuance, amendment, renewal or extension of any
        Letter of Credit or any demand for payment thereunder and (iii) all reasonable documented (in reasonable detail) out-of-pocket expenses incurred by the Administrative Agent, any Issuing Bank or any Lender (but limited, in the case of legal fees and
        expenses, to the reasonable and documented fees, charges and disbursements of a single primary external counsel for the Administrative Agent and Lenders (taken as a whole) and a single regulatory counsel for the Administrative Agent and Lenders
        (taken as a whole), and, if reasonably necessary, of a single local counsel in each applicable jurisdiction for the Administrative Agent and Lenders, in each case, selected by the Administrative Agent (plus one additional primary external counsel,
        one additional regulatory counsel counsel and, if reasonably necessary, of one additional local counsel in each applicable jurisdiction for the affected Persons (taken as a whole) in the event of an actual or perceived conflict of interest, which,
        in each case, shall exclude allocated costs of in-house counsel)) (A) in connection with any amendments, modifications or waivers of the provisions of this Agreement or of the other Loan Documents or (B) in connection with the enforcement or
        protection of its rights (x) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (y) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket
        expenses (subject to the foregoing limitations with respect to legal fees and expenses) incurred during any workout, restructuring or negotiations in respect of such Loans.

       

      
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      (b)         Indemnification by the Borrower.  The Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), the Collateral
        Agent (and any sub-agent thereof), the Joint Lead Arrangers and each Lender and each Issuing Bank, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee
        harmless from, any and all losses, claims, damages, liabilities and reasonable and documented out-of-pocket expenses (but limited, (i) in the case of legal fees and expenses, to the reasonable and documented fees, charges and disbursements of a
        single counsel for all such Indemnitees (taken as a whole), and, if reasonably necessary, of a single local counsel in each applicable jurisdiction for the Indemnitees (taken as a whole) and a single regulatory counsel for the Indemnitees (taken as
        a whole), in each case, selected by the Administrative Agent (plus one additional primary external counsel, one additional regulatory counsel and, if reasonably necessary, of one additional local counsel in each applicable jurisdiction for the
        affected Persons (taken as a whole)  in the event of an actual or perceived conflict of interest, which, in each case, shall exclude allocated costs of in-house counsel) and (ii) in the case of fees or expenses with respect to any other advisor or
        consultant, solely to the extent the Borrower has consented to the retention of such person), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower 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, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any Issuing Bank to honor a demand for payment under a Letter of
        Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or Release of a Specified Substance on or from any property currently or formerly
        owned or operated by the Borrower or any of its Subsidiaries or any liability (whether contingent or otherwise and including any liability for damages, costs of environmental remediation, fines, penalties or indemnities) under Environmental Law
        arising out of or relating to the Borrower 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 the Borrower or any of its Affiliates, and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses,
        claims, damages, liabilities or related expenses (A) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or any of its
        Controlled Related Parties, (B) result from a claim brought by the Borrower against an Indemnitee for material breach of such Indemnitee’s (or any of its Controlled Related Parties’) obligations hereunder or under any other Loan Document, if the
        Borrower has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction, (C) are for any dispute among Indemnitees (or any of their respective Controlled Related Parties) that does not
        involve an act or omission by the Borrower or any of its Subsidiaries (other than any claims against the Administrative Agent, Collateral Agent or any other named agent or Joint Lead Arranger in their capacity as such but subject to foregoing
        clause (A) and (B)), or (D) for losses, claims, damages, liabilities and expenses to the extent they have resulted from any agreement governing any settlement of such claim, litigation, investigation or proceeding effected without the Borrower’s
        prior written consent, but if settled with Borrower’s prior written consent (not to be unreasonably withheld, delayed, conditioned or denied) or if there is a final non-appealable judgment against an Indemnitee in any such proceeding, the Borrower
        will indemnify and hold harmless such Indemnitee from and against any and all losses, claims, damages, liabilities and expenses by reason of such settlement or judgment in accordance with this Section; provided that each such Indemnitee
        agrees to refund and return any and all amounts paid by the Borrower to such Indemnitee to the extent such person is not entitled to such payment pursuant to the terms hereof. This Section 9.03(b) shall not apply with respect to Taxes other than
        any Taxes that represent losses or damages arising from any non-Tax claim. As used in this Section 9.03, a “Controlled Related Party” of an Indemnitee means (1) any Controlling Person or Controlled Affiliate of such Indemnitee, (2) the respective
        directors, officers, or employees of such Indemnitee or any of its Controlling Persons or Controlled Affiliates and (3) the respective agents or representatives of such Indemnitee or any of its Controlling Persons or Controlled Affiliates, in the
        case of this clause (3), acting on behalf of or at the instructions of such Indemnitee, Controlling Person or such Controlled Affiliate; provided that each reference to a Controlling Person, Controlled Affiliate, director, officer or
        employee in this sentence pertains to a Controlling Person, Controlled Affiliate, director, officer or employee involved in the structuring, arrangement, negotiation or syndication of the credit facility evidenced by this Agreement.

       

      
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      (c)         Reimbursement by Lenders.  To the extent that the Borrower for any reason fails to indefeasibly pay any amount required under paragraph
        (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof) or an Issuing Bank or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such
        sub-agent) or such Issuing Bank or such Related Party, as the case may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount, provided
        that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent) or an Issuing Bank 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) or an Issuing Bank in connection with such capacity.  The obligations of the Lenders under this paragraph (c) are several obligations.

       

      (d)        Waiver of Consequential Damages, Etc.  To the fullest extent permitted by applicable law, no Indemnitee shall assert against the
        Borrower or its Related Parties and the Borrower shall not assert against any Indemnitee, and each Indemnitee and the Borrower hereby waives, any claim 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 or thereby, the transactions contemplated hereby or thereby, any Loan or
        Letter of Credit or the use of the proceeds thereof; provided that nothing contained in this sentence shall limit the Borrower’s indemnity obligations to the extent set forth in Section 9.03(b).  No Indemnitee referred to in paragraph (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 damages that are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or
        willful misconduct of such Indemnitee or any of its Controlled Related Parties.

       

      
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      (e)          Payments.  All amounts due under this Section shall be payable not later than thirty (30) days after written demand therefor (including documentation
        reasonably supporting such request).

       

      SECTION 9.04    Successors and Assigns.

       

      (a)         Successors and Assigns Generally.  The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
        hereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each
        Lender (except as expressly contemplated in Section 2.19 on the Conversion Date), 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 paragraph (b)
        of this Section, (ii) by way of participation in accordance with the provisions of paragraph (d) of this Section or (iii) by way of pledge or assignment of a security interest subject to the restrictions of paragraph (f) of this Section (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 paragraph (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent 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 or more assignees all or a portion of its rights and obligations
        under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it) to any Person; 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 Commitments or Loans, as applicable, at the time owing to
        the assigning Lender or in the case of an assignment to a Lender or an Affiliate of a Lender, no minimum amount need be assigned; and

       

      (B)        in any case not described in paragraph (b)(i)(A) of this Section, the principal amount of the Commitment (which for this
        purpose includes Loans outstanding thereunder) of the assigning Lender or the principal outstanding balance of the Loans of the assigning Lender, as applicable, 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 with respect to the Revolving Facility, $10,000,000
        unless each of the Administrative Agent and, so long as no Event of Default pursuant to Section 7.01(a) or (b) has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld 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 Commitments or Loan, as
                applicable, assigned.

            

       

      
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            	(iii)	
              Required Consents.  No consent shall be required for any assignment except to the extent required by paragraph (b)(i)(B) of this Section and, in addition:

            

       

      (A)          the consent of the Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (x) an Event of Default pursuant to Section 7.01(a)
        or (b) has occurred and is continuing at the time of such assignment or (y) such assignment is to a Lender or an Affiliate of a Lender; provided that 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; for the avoidance of doubt, prior to the Conversion Date, this Agreement and the other Loan Documents shall not eliminate the Borrower’s consent rights to
        assignments as a result of the commencement or continuance of the Cases;

       

      (B)          the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required except in the case of an assignment by a Lender
        to an Affiliate of such Lender; and

       

      (C)         the consent of the applicable Issuing Bank shall be required (such consent not to be unreasonably withheld or delayed) for any assignment that increases the
        obligation of the assignee to participate in exposure under one or more Letters of Credit (whether or not then outstanding).

       

      	

            	(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 of $3,500; 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 and any tax forms or documentation required to be delivered under Section 2.14(e).

            

       

      	

            	(v)	
              No Assignment to Certain Persons.  No such assignment shall be made (A) to a natural person, (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 Section 9.04(b)(v)), (C) to the Borrower or its Subsidiaries or (D) to a Disqualified Lender (but solely to the extent the Disqualified Lender list has been made available to the assigning Lender pursuant
                to Section 9.04(g)).

            

       

      Subject to acceptance and recording thereof by the Administrative Agent pursuant to paragraph (c) of this Section, 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 2.13 and Section 9.03 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. 
        Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this paragraph (b) shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and
        obligations in accordance with paragraph (d) of this Section.

       

      
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      (c)          Register.  The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at one of
        its offices in New York, New York a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts of (and stated interest on) the
        Loans 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, notwithstanding notice to the contrary.  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 Disqualified Lender (but solely to the extent the Disqualified Lender list has been posted to the Intralinks or another similar electronic system pursuant to Section 9.04(g)) or the
        Borrower or any of the Borrower’s Affiliates or Subsidiaries) 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 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 and the
        Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement.

       

      Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment,
        modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any
        amendment, modification or waiver described in the first proviso to Section 9.02(b) that directly and adversely affects such Participant or described in the second proviso to Section 9.02(b) that would require the consent of all Lenders.  Subject
        to paragraph (e) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Section 2.13 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this
        Section.  To the extent permitted by law, each Participant also shall be entitled to the benefits of Sections 2.12, 2.14 and 9.08 (subject to the requirements and limitations of those Sections and Section 2.16, and it being understood that the
        documentation required under Section 2.14(e) shall be delivered solely to the participating Lender) as though it were a Lender.  Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower,
        maintain a register on which it enters the name and address of each Participant and the principal amount of (and stated interest on) each Participant’s interest in Commitments and/or the Loans held by it (the “Participant Register”).  The
        entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of the participation in question for all purposes of this
        Agreement, notwithstanding notice to the contrary; provided that no Lender shall have the obligation to disclose all or a portion of the Participant Register (including the identity of the Participant or any information relating to a
        Participant’s interest in any Loans or other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary in connection with a Tax audit or other proceeding to establish that any loans or other
        obligations are in registered form for U.S. federal income tax purposes.

       

      
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      (e)          Limitations upon Participant Rights.  A Participant shall not be entitled to receive any greater payment under Section 2.12 and
        Section 2.14 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent (not
        to be unreasonably withheld or delayed).

       

      (f)          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 to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or 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.

       

      (g)         Disqualified Lenders. The Administrative Agent shall post the list of Disqualified Lenders provided by the Borrower and any updates
        thereto from time to time on Intralinks or another similar electronic system to “public siders” and/or “private siders” and/or provide such list to each Lender requesting the same. The Administrative Agent shall not be responsible or have any
        liability for, or have any duty to ascertain, inquire into, monitor or enforce, compliance with the provisions relating to Disqualified Lenders.

       

      SECTION 9.05   Survival.  All covenants, agreements, representations and warranties made by the Borrower
        herein and in the certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement
        and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, any Issuing Bank or any Lender may have had notice
        or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other
        amount payable under this Agreement is outstanding and unpaid (other than contingent obligations in respect of which no claim has been made) or any Letter of Credit is outstanding and so long as the Commitments have not expired or terminated.  The
        provisions of Section 2.12, Section 2.13, Section 2.14 and Section 9.03 shall survive and remain in full force and effect regardless of the consummation of the Transactions contemplated hereby, the repayment of the Loans, the expiration or
        termination of the Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof.

       

      SECTION 9.06    Counterparts; Integration; Effectiveness; Conflicts; Electronic Execution.

       

      (a)         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 and the other Loan Documents, and any separate letter agreements with respect to fees payable to the
        Administrative Agent, constitute the entire contract between and among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. 
        Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative 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 to this Agreement by electronic transmission shall be effective as delivery of an original executed counterpart of this Agreement.  To the
        extent that any specific provision hereof is inconsistent with the Final DIP Order, the Final DIP Order shall control.

       

      
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      (b)         Electronic Execution.  Delivery of an executed counterpart of a signature page of this Agreement by telecopy, emailed pdf. or any other
        electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement.  The words “execution,” “signed,” “signature” and words of like import in or
        relating to any document to be signed in connection with this Agreement and the transactions contemplated hereby shall be deemed to include Electronic Signatures or the keeping of records in electronic form, each of which shall be of the same legal
        effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable 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 nothing herein shall require the Administrative Agent to accept
        electronic signatures in any form or format without its prior written consent.

       

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

       

      SECTION 9.08   Right of Setoff.  If an Event of Default shall have occurred and be continuing, each Lender,
        each Issuing Bank 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 Issuing Bank or any such Affiliate to or for the credit or the account of the Borrower against any and
        all of the obligations of the Borrower now or hereafter existing under this Agreement or any other Loan Document to such Lender or such Issuing Bank, irrespective of whether or not such Lender or such Issuing Bank shall have made any demand under
        this Agreement or any other Loan Document and although such obligations of the Borrower may be contingent or unmatured or are owed to a branch or office of such Lender or such Issuing Bank different from the branch or office holding such deposit or
        obligated on such indebtedness; provided that, in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in
        accordance with the provisions of Section 2.17 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 Issuing Banks and the Lenders,
        and (y) 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 Issuing Bank and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, such Issuing Bank or their respective Affiliates may have.  Each Lender and each
        Issuing Bank 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.

       

      SECTION 9.09    Governing Law; Jurisdiction; Etc.

       

      (a)          Governing Law.  This Agreement shall be governed by, and construed in accordance with, the law of the State of New York and (to the
        extent applicable) the Bankruptcy Code.

       

      
        108

        
          

      

      (b)         Submission to Jurisdiction.  The parties hereto irrevocably and unconditionally submit, for themselves and their property, to the
        exclusive jurisdiction of the Bankruptcy Court and, if the Bankruptcy Court does not have (or abstains from) jurisdiction, the Supreme Court 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, in any action or proceeding arising out of or relating to this Agreement or any other Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto
        irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State 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 law.  Nothing in this Agreement or in any other
        Loan Document shall affect any right that the Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against the Borrower or its properties in
        the courts of any jurisdiction.

       

      (c)         Waiver of Venue.  The parties hereto irrevocably and unconditionally waive, 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 paragraph (b) of this Section.  Each of the parties
        hereto 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 9.01. 
        Nothing in this Agreement will affect the right of any party hereto to serve process in any other manner permitted by applicable law.

       

      SECTION 9.10  WAIVER OF JURY TRIAL. 

          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.

       

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

       

      
        109

        
          

      

      SECTION 9.12   Treatment of Certain Information; Confidentiality.  Each of the Administrative Agent, the
        Issuing Banks and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers,
        employees, agents, advisors and other representatives (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 requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners) (and, in the case of any non-ordinary course
        disclosure under this clause (b), the disclosing party shall use its reasonable efforts to inform the Borrower thereof prior to any such disclosure and, in any event, shall promptly inform the Borrower thereof, in each case to the extent legally
        permitted to do so; provided that requests from any bank examiner or bank auditor shall not be considered to be non-ordinary course), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process
        (in which case the disclosing party shall use its reasonable efforts to inform the Borrower thereof prior to any such disclosure and, in any event, shall promptly inform the Borrower thereof, in each case to the extent legally permitted to do so),
        (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, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under
        this Agreement or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations, (g) with the consent of the Borrower, (h) with the prior consent of the Borrower, by
        the Administrative Agent, the Joint Lead Arrangers or any lead arranger in respect of any incremental credit facility to be issued hereunder, in each case on a confidential basis to any rating agency in connection with rating the Borrower or its
        Subsidiaries or the credit facilities hereunder, (i) to market data collectors and service providers in connection with the administration of the credit facility or (j) to the extent such Information (x) becomes publicly available other than as a
        result of a breach of this Section or (y) becomes available to the Administrative Agent, any Issuing Bank or any Lender or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower.

       

      For purposes of this Section, “Information” means all information received from the Borrower or any of its Subsidiaries relating to the Borrower or any of its Subsidiaries or any of their
        respective businesses, other than any such information that is available to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis prior to disclosure by the Borrower or any of its Subsidiaries and other than
        information pertaining to this Agreement of the type routinely provided by arrangers to data service providers, including league table providers, that serve the lending industry.  Any Person required to maintain the confidentiality of Information
        as provided in this Section 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.

       

      SECTION 9.13   No Fiduciary Duty, etc.  The Borrower acknowledges and agrees, and acknowledges its
        subsidiaries’ understanding, that no Secured Party will have any obligations except those obligations expressly set forth herein and in the other Loan Documents and each Secured Party is acting solely in the capacity of an arm’s length contractual
        counterparty to the Borrower with respect to the Loan Documents and the transaction contemplated therein and not as a financial advisor or a fiduciary to, or an agent of, the Borrower or any other person.  The Borrower agrees that it will not
        assert any claim against any Secured Party based on an alleged breach of fiduciary duty by such Secured Party in connection with this Agreement and the transactions contemplated hereby.  Additionally, the Borrower acknowledges and agrees that no
        Secured Party is advising the Borrower as to any legal, tax, investment, accounting, regulatory or any other matters in any jurisdiction.  The Borrower shall consult with its own advisors concerning such matters and shall be responsible for making
        its own independent investigation and appraisal of the transactions contemplated hereby, and the Loan Parties shall have no responsibility or liability to the Borrower with respect thereto.

       

      The Borrower further acknowledges and agrees, and acknowledges its subsidiaries’ understanding, that each Secured Party is a full service securities or banking firm engaged in securities trading
        and brokerage activities as well as providing investment banking and other financial services.  In the ordinary course of business, any Secured Party may provide investment banking and other financial services to, and/or acquire, hold or sell, for
        its own accounts and the accounts of customers, equity, debt and other securities and financial instruments (including bank loans and other obligations) of, you and other companies with which you may have commercial or other relationships.  With
        respect to any securities and/or financial instruments so held by any Secured Party or any of its customers, all rights in respect of such securities and financial instruments, including any voting rights, will be exercised by the holder of the
        rights, in its sole discretion.

       

      

      
        110

        
          

      

      In addition, the Borrower acknowledges and agrees, and acknowledges its subsidiaries’ understanding, that each Secured Party and its affiliates may be providing debt financing, equity capital or
        other services (including financial advisory services) to other companies in respect of which you may have conflicting interests regarding the transactions described herein and otherwise.  No Secured Party will use confidential information obtained
        from you by virtue of the transactions contemplated by the Loan Documents or its other relationships with you in connection with the performance by such Secured Party of services for other companies, and no Secured Party will furnish any such
        information to other companies.  You also acknowledge that no Secured Party has any obligation to use in connection with the transactions contemplated by the Loan Documents, or to furnish to you, confidential information obtained from other
        companies.

       

      SECTION 9.14   USA PATRIOT Act.  Each 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 “PATRIOT Act”), such Lender may be 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 to identify the Borrower in accordance with said PATRIOT Act.

       

      SECTION 9.15  Acknowledgement 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 Lender 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 entity, 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.

            

       

      
        111

        
          

      

      SECTION 9.16  Acknowledgement Regarding Any Supported QFCs. To the extent that the Loan Documents provide
        support, through a guarantee or otherwise, for Swap Agreements 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):

       

      (a)          In the event a Covered Entity that is 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 States. In the event 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 Rights 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 Rights 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.

       

      (b)          As used in this Section 9.16, the following terms have the following meanings:

       

      “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.

       

      “Covered Entity” means any of the following: a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); a “covered bank” as that term is
        defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

       

      “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

       

      “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).

       

      [SIGNATURE PAGES FOLLOW]

       

      
        112

        
          

      

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

       

      	 	
              FRONTIER COMMUNICATIONS CORPORATION, as Borrower

            
	 	 
	 	
              By:

            	
              /s/ Mark D. Nielsen

            
	 	
              Name:

            	
              Mark D. Nielsen

            
	  	
              Title:

               	
              Executive Vice President and Chief Legal

              

              Officer

      

      

      [Signature Page - Senior Secured Superpriority Debtor-In-Possession Credit Agreement]

       

      

      
        
          

      

      	 	
              GOLDMAN SACHS BANK USA, as Administrative Agent, Lender and Issuing Bank

            
	 	 	 
	 	
              By:

            	
              /s/ Thomas M. Manning

            
	 	 	
              Name: Thomas M. Manning

            
	 	 	
              Title: Authorize Signatory

            

      

      

      [Signature Page - Senior Secured Superpriority Debtor-In-Possession Credit Agreement]

       

      

      
        
          

      

      	 	
              JPMORGAN CHASE BANK, N.A., as Collateral Agent, Lender and Issuing Bank

            
	 	 	 
	 	
              By:

            	
              /s/ Daniel Luby

            
	 	 	
              Name: Daniel Luby

            
	 	 	
              Title: Vice President

            

      

      

      [Signature Page - Senior Secured Superpriority Debtor-In-Possession Credit Agreement]

       

      

      
        
          

      

      	 	
              DEUTSCHE BANK AG NEW YORK BRANCH, as Lender and Issuing Bank

            
	 	 	 	 
	 	
              By:

            	
              /s/ Jennifer Culbert

            
	 	 	
              Name: Jennifer Culber

            
	 	 	
              Title: Vice President

            
	 	 	 	
              Jennifer-a-culbert@db.com

            
	 	 	 	
              212 250 0738

            
	 	 	 	 
	 	
              By:

            	
              /s/ Phillip Tancorra

            
	 	 	
              Name: Phillip Tancorra

            
	 	 	
              Title: Vice President

            
	 	 	 	
              phillip.tancorra@db.com

            
	 	 	 	
              212-250-6576

            

      

      

      [Signature Page - Senior Secured Superpriority Debtor-In-Possession Credit Agreement]

       

      

      
        
          

      

      	 	
              BARCLAYS BANK PLC, as Lender and Issuing Bank

            
	 	 	 
	 	
              By:

            	
              /s/ Martin Corrigan

            
	 	 	
              Name: Martin Corrigan

            
	 	 	
              Title: Vice President

            

      

      

      [Signature Page - Senior Secured Superpriority Debtor-In-Possession Credit Agreement]

       

      

      
        
          

      

      	 	
              MORGAN STANLEY SENIOR FUNDING, INC.,

            
	 	
              as Lender and Issuing Bank

            
	 	 	 
	 	
              By:

            	
              /s/ Julie Lilienfeld

            
	 	 	
              Name: Julie Lilienfeld

            
	 	 	
              Title: Vice President

            

      

      

      [Signature Page - Senior Secured Superpriority Debtor-In-Possession Credit Agreement]

       

      

      
        
          

      

      	 	
              CREDIT SUISSE AG, CAYMAN ISLANDSBRANCH, as Lender and Issuing Bank

            
	 	 	 
	 	
              By:

            	
              /s/ Vipul Dhadda

            
	 	 	
              Name: Vipul Dhadda

            
	 	 	
              Title: Authorized Signatory

            
	 	 	 
	 	
              By:

            	
              /s/ Vito Cotoia

            
	 	 	
              Name: Vito Cotoia

            
	 	 	
              Title: Authorized Signatory

            

      

      

      

      

      [Signature Page - Senior Secured Superpriority Debtor-In-Possession Credit Agreement]

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