Document:

Exhibit 10.3

Conformed Copy

AMENDMENT NO. 1 TO 364-DAY SENIOR
BRIDGE LOAN AGREEMENT

(HEALTHCARE
BUSINESSES)

AMENDMENT NO. 1 TO 364-DAY SENIOR BRIDGE LOAN AGREEMENT (Healthcare Businesses) (this “Amendment”),
dated as of May 25, 2007, among TYCO INTERNATIONAL GROUP S.A., a Luxembourg company (the “Initial Borrower”), TYCO
INTERNATIONAL LTD., a Bermuda company (the “Initial
Guarantor”), COVIDIEN INTERNATIONAL FINANCE S.A., a Luxembourg
company (the “H Borrower”), COVIDIEN LTD.,
a Bermuda company (the “H Guarantor”),
each Person executing this Amendment as a Lender, and CITIBANK, N.A., as
Administrative Agent.

PRELIMINARY STATEMENTS

(1)           The Initial Borrower, the Initial
Guarantor, the H Borrower, the H Guarantor, the Lenders and the Administrative
Agent are parties to the 364-Day Senior Bridge Loan Agreement, dated as of
April 25, 2007 (as amended, supplemented or otherwise modified from time to
time through the date of this Amendment, the “Bridge
Loan  Agreement”).

(2)           On May 14, 2007, the Initial
Guarantor entered into a memorandum of understanding (“Memorandum
of Understanding”) to settle certain securities class action
lawsuits (“Securities Class Action Lawsuits”)
involving its stock and the conduct of its former management, stemming from a
consolidated securities class action complaint filed in January 2003 on behalf
of a class of shareholders who purchased or otherwise acquired publicly traded
securities of the Initial Guarantor during the period from December 1999 to
June 2002.  Under the terms of the Memorandum
of Understanding, the Initial Guarantor will establish a $2.975 billion cash
settlement fund (the “Settlement Fund”)
for payment of plaintiffs’ claims in the consolidated securities class action
cases.

(3)           The Initial Borrower, the Initial
Guarantor, the H Borrower, the H Guarantor, the Lenders party hereto and the
Administrative Agent desire to amend the Bridge Loan Agreement in certain
respects, including, inter alia, to
increase the Lenders’ commitments and provide for a second tranche of
Borrowings thereunder, the proceeds of which are to be used to fund the
redemption by the Initial Borrower of certain of its Capital Stock from the
Initial Guarantor, the proceeds of which redemption are to be applied to fund
the Settlement Fund.

NOW, THEREFORE, in
consideration of the mutual covenants and agreements contained in this
Amendment, and for other good and valuable consideration, the receipt and
sufficiency of which hereby are acknowledged, the parties hereto agree as
follows:

ARTICLE I

DEFINITIONS

Section 1.01.        Defined Terms.  Capitalized terms used but not defined in
this Amendment shall have the meaning set forth in the Bridge Loan Agreement.

Section 1.02.        Rules of Construction.  The rules of construction set forth in
Section 1.03 of the Bridge Loan Agreement shall apply to this Amendment as if
fully set forth herein.

 

 

ARTICLE II

AMENDMENTS TO CREDIT AGREEMENT

Section 2.01.        Amendments to Article I of the Bridge Loan Agreement.

(a)           The defined terms
contained in Section 1.01 of the Bridge Loan Agreement are hereby amended as
indicated in Annex I hereto.

Section 2.02.        Amendments to Article II of the Bridge Loan
Agreement.

(a)           Section 2.01 of the
Bridge Loan Agreement is amended by deleting such section and replacing it with
the following:

“Section 2.01       Commitments.  Subject to the terms and conditions set forth
herein, each Lender agrees to (a) make Tranche A Loans to the Borrower from
time to time during the Tranche A Availability Period in an aggregate principal
amount that will not result in (i) such Lender’s Tranche A Credit Exposure
exceeding such Lender’s Tranche A Commitment or (ii) the total Tranche A Credit
Exposures exceeding the total Tranche A Commitments and (b) make Tranche B
Loans to the Borrower from time to time during the Tranche B Availability
Period in an aggregate principal amount that will not result in (i) such Lender’s
Tranche B Credit Exposure exceeding such Lender’s Tranche B Commitment or (ii)
the total Tranche B Credit Exposures exceeding the total Tranche B
Commitments.  The Commitments are not
revolving in nature and amounts repaid or prepaid may not be reborrowed.”

(b)           Section 2.03(a) of
the Bridge Loan Agreement is hereby amended by deleting such section and
replacing it with the following:

“(a)         To request a Borrowing, the Borrower
shall notify the Administrative Agent of such request by telephone, facsimile
or electronic mail (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 (except as provided in Section 2.03(b)) or (ii) in the case
of an ABR Borrowing, not later than 11:00 a.m., New York City time, on the date
of the proposed Borrowing.  Each
Borrowing Request shall be irrevocable and if made telephonically, shall be
confirmed promptly, by hand delivery, facsimile or electronic mail of a written
Borrowing Request in the form attached as Exhibit F, and be executed by a
Managing Director of the Borrower or another authorized borrowing
representative of the Borrower, as notified by the Borrower to the
Administrative Agent from time to time. 
No more than a total of five Borrowing Requests with respect to Tranche
A Loans may be made by the Borrower during the Tranche A Availability Period
and no more than a total of two Borrowing Requests with respect to Tranche B
Loans may be made by the Borrower during the Tranche B Availability Period,
with each telephonic Borrowing Request specifying the information contained in
clauses (i), (ii), (iv) and (v) below and with each written Borrowing Request
specifying the information contained in clauses (i) through (vi) below, in each
case, in compliance with Section 2.02:

(i)            the
aggregate amount of the requested Borrowing;

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

(iii)          whether such Borrowing is to
consist of Tranche A Loans or Tranche B Loans (or both) and with respect to
Tranche A Loans, a list of the Allocated Existing Indenture Debt and/or
Allocated Existing Credit Agreement Debt being repaid or redeemed, or with respect
to which a consent fee is being paid, in each case, with the proceeds of such
Borrowing (either by direct disbursement or advance deposit with the trustee,
paying agent or fiscal agent for such Debt), setting forth (x) a description of
each series or tranche of Allocated Existing Indenture Debt and/or Allocated
Existing Credit Agreement Debt then being repaid or redeemed or irrevocably
called for redemption, or with respect to which a consent fee is then being
paid, (y) a reasonably detailed description of the amounts payable (including
premiums, if any, consent fees and other related fees, costs and expenses,
including professional fees) in connection with such series or tranche of such
Allocated Existing Indenture Debt and/or Allocated Existing Credit Agreement
Debt and (z) the Person to which each such payment shall be made;

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

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

(vi)          the location and number of the
account or accounts to which funds are to be disbursed, which in the case of
any Tranche B Loan shall be the Settlement Escrow Account and, in any case,
shall otherwise comply with the requirements of Section 2.05.

If no election as to the Type of 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, then the Borrower shall be deemed to have selected an
Interest Period of one month’s duration. 
Promptly following receipt of a Borrowing Request in accordance with
this Section, the Administrative Agent shall advise each Lender of the details
thereof and of the amount of such Lender’s Tranche A Loan and/or  Tranche B Loan to be made as part of the
requested Borrowing.”

(c)           Section
2.07 of the Bridge Loan Agreement is hereby amended by deleting such section
and replacing it with the following:

“Section 2.07       Termination
and Reduction of  Commitments.  (a)        The
unused Tranche A Commitments shall automatically terminate at the end of the
Tranche A Availability Period and the unused 
Tranche B Commitments shall automatically terminate at the end of the
Tranche B Availability Period.

(b)           The Borrower may at
any time terminate, or from time to time reduce, the Tranche A Commitments
and/or the Tranche B Commitments; provided that (i) each reduction
of Commitments shall be in an amount that is an integral multiple of $1,000,000
and not less than $10,000,000 and (ii) the Borrower shall not terminate or

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reduce any
Commitments if, after giving effect to any concurrent prepayment of Loans in
accordance with Section 2.09, the total Credit Exposures under the
relevant Tranche would exceed the total Commitments under the relevant Tranche.

(c)           The Borrower shall
notify the Administrative Agent of any election to terminate or reduce
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, provided that a notice of
termination of Commitments delivered by the Borrower may state that such notice
is conditioned upon the effectiveness of other credit facilities, 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.  Promptly following receipt of
any notice, the Administrative Agent shall advise the Lenders of the contents
thereof.  Any termination or reduction of
Commitments shall be permanent.  Each
reduction of the Commitments under either Tranche shall be made ratably among
the Lenders in accordance with their respective Commitments under such Tranche.”

(d)           Section
2.08(a) of the Bridge Loan Agreement is hereby amended by deleting such section
and replacing it with the following:

“(a)         The Borrower hereby
unconditionally promises to pay to the Administrative Agent for the account of
each Lender (i) the then unpaid principal amount of each Tranche A Loan on the
Tranche A Maturity Date and (ii) the then unpaid principal amount of each
Tranche B Loan on the Tranche B Maturity Date.”

(e)           Section
2.08(c) of the Bridge Loan Agreement is hereby amended by adding the words “Tranche
and” before the word “Type” in clause (i) of such Section.

(f)            Section
2.08(e) of the Bridge Loan Agreement is hereby amended by deleting such section
and replacing it with the following:

“(e)         Any Lender may
request that Tranche A Loans and/or Tranche B Loans made by it be evidenced by
a Notes.  In such event, the Borrower
shall prepare, execute and deliver to such Lender a Tranche A Note and/or a
Tranche B Note, as applicable, payable to the order of such Lender (or, if
requested by such Lender, to such Lender and its registered assigns).  Thereafter, the Loans evidenced by such Note
and interest thereon shall at all times (including after assignment pursuant to
Section 10.04) be represented by one or more Notes payable to the order of
the payee named therein (or, if such Note is a registered note, to such payee
and its registered assigns).”

(g)           Section
2.09(c) of the Bridge Loan Agreement is hereby amended by adding, immediately
before the last sentence in such Section, the following sentence:  “Any such reduction of unused Commitments
shall be applied first to the unused Tranche A Commitments and then, if the
unused Tranche A Commitments have been reduced to zero, to the unused Tranche B
Commitments.”

(h)           Section
2.09(d) of the Bridge Loan Agreement is hereby amended by adding, immediately
before the last sentence in such Section, the following sentence:  “Any such 

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required prepayment of Loans shall be applied first to the Tranche A
Loans and then, if the Tranche A Loans have been paid in full, to the Tranche B
Loans.”

(i)            Section
2.11(d) of the Bridge Loan Agreement is amended by deleting such section and
replacing it with the following:

“(d)         Accrued interest on
each Loan shall be payable in arrears on each Interest Payment Date for such
Loan and upon termination of the Tranche A Commitments or Tranche B
Commitments, as applicable; 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 (other than a
prepayment of an ABR Loan prior to the end of the Tranche A Availability Period
or Tranche B Availability Period, as applicable), 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 Loan prior to the end of the current Interest Period therefor,
accrued interest on such Loan shall be payable on the effective date of such
conversion.”

Section 2.03.        Amendments to Article V of the Bridge Loan Agreement.

(a)           Section
5.06 of the Bridge Loan Agreement is amended by deleting such section and
replacing it with the following:

“Section 5.06.      Use
of Proceeds.  (a) No part of
the proceeds of any Loan will be used, whether directly or indirectly, for any
purpose that entails a violation of any of the Regulations of the Board,
including Regulations T, U and X.

(b)           The proceeds of the
Tranche A Loans made under this Agreement may be (i) used to repay the amounts
outstanding under the Allocated Existing Credit Agreement Debt and/or (ii) used
to repay principal and accrued interest, premium (if any), consent fees and/or
other related fees, costs and expenses (including professional fees) payable on
or with respect to Allocated Existing Indenture Debt, which amounts (other than
amounts relating to Special Repayments and consent fees being paid in lieu of
repayment of Allocated Existing Indenture Debt) are payable upon the closing of
the tender offers commenced for the repurchase of Allocated Existing Indenture
Debt; and

(c)           The proceeds of the
Tranche B Loans may be used solely to fund the redemption of Capital Stock of
the Initial Borrower held by the Initial Guarantor, the proceeds of which
redemption are to be applied to fund the Settlement Escrow Account.”

(b)           The
following new sections are added to the end of Article V:

“Section 5.13 Settlement Notices.

(a)           Promptly following
the effectiveness of the Settlement Agreement, the Guarantor shall promptly
notify the Administrative Agent in writing of the same (which notice the
Administrative Agent shall promptly furnish to each Lender).

 5
 

 

(b)           In the event the
Settlement Unwind Date occurs, the Guarantor shall, on such date, notify the
Administrative Agent in writing of such occurrence (which notice the
Administrative Agent shall promptly furnish to each Lender).”

Section 2.04.        Amendments to Schedules and Exhibits.

(a)           Schedule
2.01 of the Bridge Loan Agreement is amended by deleting such schedule and
replacing with the schedule attached hereto as Schedule A.

(b)           Exhibit
A to the Bridge Loan Agreement shall be replaced with the exhibit set forth as
Annex B hereto.

(c)           The
document attached as Annex C hereto shall be added to the Bridge Loan Agreement
as Exhibit A-2.

(d)           Exhibit
B to the Bridge Loan Agreement shall be replaced with the document set forth as
Annex D hereto.

(e)           Exhibit
D to the Bridge Loan Agreement shall be replaced with the exhibit set forth as
Annex E hereto.

(f)            Exhibit
F to the Bridge Loan Agreement shall be replaced with the exhibit set forth as
Annex F hereto.

ARTICLE III

REPRESENTATIONS AND WARRANTIES

Section 3.01.        Representations and Warranties.  

(a)           Each
Obligor represents and warrants to the Administrative Agent and each Lender
that this Amendment has been duly authorized, executed and delivered by each
Obligor and constitutes the legal, valid and binding obligation of such Obligor
enforceable against such Obligor in accordance with its terms, subject to applicable
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and
similar laws affecting creditors’ rights and remedies generally and subject to
general principles of equity, regardless of whether considered in a proceeding
in equity or at law.

(b)           Each
Obligor represents and warrants to the Administrative Agent and each Lender
that, as of the Amendment Effective Date, and after giving effect to this
Amendment, the representations and warranties set forth in Article III of the
Bridge Loan Agreement or any other Loan Document or which are contained in any
certificate or notice delivered at any time by any Obligor under or in
connection herewith or therewith are true and correct in all material respects
on and as of the Amendment Effective Date (as defined below) with the same
effect as though made on and as of such date, except to the extent such
representations and warranties expressly relate to an earlier date, in which
case such representations and warranties were true and correct in all material
respects on and as of such earlier date.

 6
 

 

(c)           Each
Obligor represents and warrants to the Administrative Agent and each Lender
that, on and as of the Amendment Effective Date (as defined below), (i) the
Memorandum of Understanding is in full force and effect, and (ii) the Initial
Guarantor has not delivered or received any notice terminating the Memorandum
of Understanding.

Section 3.02.        No Default.  Each of the Obligors represents and warrants
to the Administrative Agent and each Lender that as of the Amendment Effective
Date, and after giving effect to this Amendment, no Default has occurred and is
continuing.

ARTICLE IV

EFFECTIVENESS

Section 4.01.        Conditions to Effectiveness.  This Amendment will become effective on and
as of the first date (the “Amendment
Effective Date”) on which all of the following conditions
precedent shall have been first satisfied (unless waived by the Required
Lenders, including each Lender whose commitment is increased by this
Amendment):

(a)           The
Administrative Agent (or its counsel) shall have received each of the
following, each dated as of the Amendment Effective Date unless otherwise
indicated or agreed to by the Administrative Agent, in form and substance
satisfactory to the Administrative Agent:

(i)            this Amendment, duly executed
and delivered by the Borrower, each Guarantor, the Administrative Agent and
each of the Required Lenders (including each Lender whose Commitment is
increased by this Amendment);

(ii)           a Tranche A Note and a Tranche
B Note executed by the Initial Borrower in favor of any requesting Lender, it
being understood that any existing Note issued on the Effective Date shall be
canceled simultaneously upon delivery of the respective Tranche A Note and
Tranche B Note; and

(iii)          such other assurances, certificates
and documents as the Administrative Agent shall have reasonably requested
reasonably in advance of the scheduled Amendment Effective Date in connection
with this Amendment.

(b)           There
shall have been paid to the Administrative Agent, for the account of the
Administrative Agent and the Lenders, as applicable, all fees due and payable
on or before the Amendment Effective Date, and all expenses due and payable on
or before the Amendment Effective Date.

(c)           As
of the Amendment Effective Date, and after giving effect to this Amendment, the
representations and warranties set forth in Section 3.01 of this Amendment are
true and correct in all material respects on and as of the Amendment Effective
Date with the same effect as though made on and as of such date, except to the
extent such representations and warranties expressly relate to an earlier date,
in which case such representations and warranties were true and correct in all
material respects on and as of such earlier date.

(d)           As
of the Amendment Effective Date, and after giving effect to this Amendment, no
Default or Event of Default shall have occurred and be continuing.

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Section 4.02.        References to Agreement.  The Bridge Loan Agreement and this Amendment
shall be read, taken and construed as one and the same instrument from and
after the Amendment Effective Date.  Any
references in the Bridge Loan Agreement to “this Agreement”, “hereunder”, “herein”
or words of like import, and each reference in any other document executed in
connection with the Bridge Loan Agreement (including, without limitation, the
Notes), to “the Agreement”, “thereunder”, “therein” or words of like import,
shall, from and after the Amendment Effective Date, mean and be a reference to
the Bridge Loan Agreement as amended hereby.

Section 4.03.        Continued Effectiveness; Ratification of Loan
Documents. 
The Bridge Loan Agreement and the other Loan Documents, each as modified
by this Amendment, are and shall continue to be in full force and effect and
are hereby ratified and confirmed in all respects.

ARTICLE V

MISCELLANEOUS

Section 5.01.        Execution in Counterparts.  This Amendment may be executed in
counterparts (and by different parties hereto on different counterparts), each
of which shall constitute an original, but all of which when taken together
shall constitute a single contract. 
Delivery of an executed counterpart of a signature page of this
Amendment by facsimile or any electronic means that reproduces an image of the
actual executed signature page shall be effective as delivery of a manually
executed counterpart of this Amendment.

Section 5.02.        Fees, Costs and Expenses.  The Borrower agrees to pay all reasonable out
of pocket expenses incurred by the Administrative Agent, including the
reasonable fees, charges and disbursements of counsel for the Administrative
Agent, in connection with the preparation, negotiation, execution, delivery and
administration of this Amendment and the other Loan Documents or any
amendments, modifications or waivers of the provisions hereof and thereof (whether
or not the transactions contemplated hereby or thereby shall be consummated).

Section 5.03.        Loan Document.  This Amendment shall be deemed to be a Loan
Document.

Section 5.04.        Binding Effect.  Upon the Amendment Effective Date, this
Amendment shall be binding upon and inure to the benefit of the Initial
Borrower, the Guarantor, the Lenders and the Administrative Agent and, in each
case, their respective successors and assigns.

Section 5.05.        Governing Law.  This Amendment shall be governed by, and construed
in accordance with, the law of the State of New York.

[Remainder
of page intentionally left blank]

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[Signature Page to Amendment No. 1 to

364-Day Senior Bridge Loan Agreement (Healthcare)]

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

	
  

  	
  TYCO INTERNATIONAL GROUP S.A.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name: 

  	
  Michelangelo F. Stefani

  
	
   

  	
   

  	
  Title:

  	
  Managing Director

  

 

	
  

  	
  COVIDIEN INTERNATIONAL FINANCE S.A.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Michelangelo F. Stefani

  
	
   

  	
   

  	
  Name:

  	
  Michelangelo F. Stefani

  
	
   

  	
   

  	
  Title:

  	
  Managing Director

  

       

	
  

  	
  TYCO INTERNATIONAL LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Christopher J. Coughlin

  
	
   

  	
   

  	
  Name:

  	
  Christopher J. Coughlin

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President and

  
	
   

  	
   

  	
   

  	
  Chief Financial Officer

  

 

	
  

  	
  COVIDIEN LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ John H. Masterson

  
	
   

  	
   

  	
  Name

  	
  John H. Masterson

  
	
   

  	
   

  	
  Title:

  	
  SVP & General Counsel

  

 

	
  

  	
  CITIBANK, N.A., as a Lender and as Administrative
  Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Kevin A. Ege

  
	
   

  	
   

  	
  Name:

  	
  Kevin A. Ege

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  

    

	
  

  	
  UBS LOAN FINANCE LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Irja R. Otsa

  
	
   

  	
   

  	
  Name:

  	
  Irja R. Otsa

  
	
   

  	
   

  	
  Title:

  	
  Associate Director Banking Products

  
	
   

  	
   

  	
   

  	
  Services US

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Mary E. Evans

  
	
   

  	
   

  	
  Name:

  	
  Mary E. Evans

  
	
   

  	
   

  	
  Title:

  	
  Associate Director Banking Products

  
	
   

  	
   

  	
   

  	
  Services US

  

 

 

	
  

  	
  BANK OF AMERICA, N.A.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Richard C. Hardison

  
	
   

  	
   

  	
  Name:

  	
  Richard C. Hardison

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  

      

	
  

  	
  DEUTSCHE BANK AG CAYMAN ISLANDS BRANCH

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Frederick W. Laird

  
	
   

  	
   

  	
  Name

  	
  Frederick W. Laird

  
	
   

  	
   

  	
  Title:

  	
  Managing Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Ming K. Chu

  
	
   

  	
   

  	
  Name:

  	
  Ming K. Chu

  
	
   

  	
   

  	
  Title

  	
  Vice President

  

 

 

	
  

  	
  GOLDMAN SACHS CREDIT PARTNERS L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Walter A. Jackson

  
	
   

  	
   

  	
  Name:

  	
  Walter A. Jackson

  
	
   

  	
   

  	
  Title:

  	
  Authorized Signatory

  

 

 

	
  

  	
  MORGAN STANLEY SENIOR FUNDING, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Daniel Twenge

  
	
   

  	
   

  	
  Name

  	
  Daniel Twenge

  
	
   

  	
   

  	
  Title: 

  	
  Vice President

  

 

 

	
  

  	
  BARCLAYS BANK PLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Nicholas A. Bell

  
	
   

  	
   

  	
  Name: 

  	
  Nicholas A. Bell

  
	
   

  	
   

  	
  Title: 

  	
  Director

  

 

 

	
  

  	
  BNP PARIBAS

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Rick Pace

  
	
   

  	
   

  	
  Name: 

  	
  Rick Pace

  
	
   

  	
   

  	
  Title: 

  	
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Berangere Allen

  
	
   

  	
   

  	
  Name: 

  	
  Berangere Allen

  
	
   

  	
   

  	
  Title: 

  	
  Vice President

  

 

 

	
  

  	
  JPMORGAN CHASE BANK, N.A.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Anthony W. White

  
	
   

  	
   

  	
  Name: 

  	
  Anthony W. White

  
	
   

  	
   

  	
  Title: 

  	
  Vice President

  

 

 

	
  

  	
  LEHMAN BROTHERS BANK, FSB

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Janine M. Shugan

  
	
   

  	
   

  	
  Name: 

  	
  Janine M. Shugan

  
	
   

  	
   

  	
  Title: 

  	
  Authorized Signatory

  

 

 

Annex I

Definitions

“ABR”, when used
in reference to any Loan or Borrowing, means that such Loan, or the Loans
comprising such Borrowing, bear interest at a rate per annum equal to the
Alternate Base Rate.

“Accumulated Other
Comprehensive (Loss) Income” on any date means the amount of “Accumulated
Other Comprehensive (Loss) Income” of the Guarantor and its Subsidiaries as of
the end of the most recently completed fiscal quarter of the Guarantor prior to
such date of determination determined on a consolidated basis in accordance
with GAAP.

“Administrative Agent”
means Citibank, N.A., in its capacity as administrative agent for the Lenders
under this Agreement and the other Loan Documents, or any successor
administrative agent.

“Administrative Agent’s
Office” means the office address, facsimile number, electronic mail
address, telephone number and account information set forth on Schedule 10.01
with respect to the Administrative Agent or such other address, facsimile
number, electronic mail address, telephone number or account information as
shall be designated by the Administrative Agent in a notice to the Borrower and
the Lenders.

“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. 
For purposes of this definition, the term “control” (including
the terms “controlling” and “under common control with”) 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.

“Allocated Existing
Credit Agreement Debt” means the portion of the Debt under the Existing
Tyco Credit Agreements to be allocated to the H Borrower in connection with the
Separation Transactions, and which may be repaid with the proceeds of the
Tranche A Loans.

“Allocated Existing
Indenture Debt” means the portion of the Existing Indenture Debt to be
allocated to the H Borrower in connection with the Separation Transactions, and
which may be repaid with the proceeds of the Tranche A Loans.

“Alternate Base Rate”
means, for any day, a rate per annum equal to the greater of (a) the Base Rate
in effect on such day and (b) the Federal Funds Effective Rate in effect on
such day plus 1⁄2 of 1%.  Any change in the
Alternate Base Rate due to a

 

change in the Prime Rate
or the Federal Funds Effective Rate shall be effective from and including the
effective date of such change in the Base Rate or the Federal Funds Effective
Rate, respectively.

“Applicable Margin”
means, with respect to any Eurodollar Loan, either (i) at any time during which
less than 50% of the aggregate Commitments are being utilized, the rate per
annum set forth on the Pricing Grid opposite the reference to the applicable
Index Debt Rating under the heading “Applicable Margin” and under the
sub-heading “Less than 50% of the Commitments Utilized”, or (ii) at any time
during which 50% or more of the then applicable aggregate Commitments are being
utilized, the rate per annum set forth on the Pricing Grid opposite the
reference to the applicable Index Debt Rating under the heading “Applicable
Margin” and under the sub-heading “50% or More of the Commitments Utilized”;
any change in the Applicable Margin resulting from an Index Debt Rating Change
or an aggregate Commitment utilization change shall be determined in accordance
with Schedule 1.01 and shall be effective on the date of such Index Debt Rating
Change or utilization change, as the case may be.

“Applicable Percentage”
means, with respect to any Lender, the percentage (rounded to the ninth
decimal) of the total Commitments in effect at any given time represented by
such Lender’s Commitment; provided that if (a) the Tranche A Commitments have
terminated or expired, the Applicable Percentages shall be determined based
upon the outstanding principal amounts of the Tranche A Loans made by the
respective Lenders and (b) if the Tranche B Commitments have terminated or
expired, the Applicable Percentages shall be determined based upon the
outstanding principal amount of the Tranche B Loans made by the respective
Lenders.

“Approved Fund”
has the meaning assigned to such term in Section 10.04.

“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
10.04), and accepted by the Administrative Agent, in the form of Exhibit B or
any other form approved by the Administrative Agent.

“Base Rate” means
the rate of interest per annum publicly announced from time to time by
Citibank, N.A. as its base rate or prime rate in effect at its principal office
in New York City.

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

“Borrower” means,
until the Borrower Transition Time, the Initial Borrower, and from and after
the Borrower Transition Time, the H Borrower.

“Borrower Assumption
Agreement” means an assignment and assumption agreement entered into
between the Initial Borrower and the H Borrower substantially in the form of
Exhibit D.

“Borrower Assumption
Opinions” means a written opinion (addressed to the Administrative Agent
and the Lenders and dated the date of the Borrower Assumption Agreement) of (i)
Allen & Overy, special Luxembourg counsel of the H Borrower, substantially
in the form attached as Exhibit H-1 and (ii) Gibson, Dunn & Crutcher LLP,
special New York counsel of the H Borrower, substantially in the form attached
as Exhibit H-2, in each case with such changes to such forms as may be approved
by the Administrative Agent.

“Borrower Transition
Time” means the time of the consummation of the TIGSA Separation (provided
that the conditions set forth in Section 5.08(b) shall have been satisfied).

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

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

“Business Day”
means any day that is not a Saturday, Sunday or other day on which commercial
banks in New York City are authorized or required by law to remain closed; provided
that, when used in connection with a Eurodollar Loan, the term “Business Day”
shall also exclude any day on which banks are not open for dealings in dollar
deposits in the London interbank market.

“Change in Law”
means (a) the adoption of any law, rule or regulation after the date of this
Agreement, (b) any change in any law, rule or regulation or in the
interpretation or application thereof by any Governmental Authority after the
date of this Agreement or (c) compliance by any Lender (or, for purposes of
Section 9.03(b), by any lending office of such Lender or by such Lender’s
holding company, if any) with any request, guideline or directive (whether or
not having the force of law) of any Governmental Authority made or issued after
the date of this Agreement.

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“Closing Date”
means the date of this Agreement.

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

“Commitment”
means, with respect to each Lender, such Lender’s Tranche A Commitment and
Tranche B Commitment, collectively.

“Communications”
has the meaning assigned to such term in Section 10.15.

“Compensation Period”
has the meaning assigned to such term in Section 2.05(b).

“Consolidated”
refers to the consolidation of accounts of the Guarantor and its consolidated
Subsidiaries in accordance with GAAP.

“Consolidated EBITDA”
means, for any fiscal period, Consolidated Net Income for such period plus the
following, to the extent deducted in calculating such Consolidated Net
Income:  (a) Consolidated Interest
Expense, (b) income tax expense, (c) depreciation and amortization expense (d)
any extraordinary expenses or losses, (e) losses on sales of assets outside of
the ordinary course of business and losses from discontinued operations, (f)
any losses on the retirement of debt identified in the Consolidated statements
of cash flows and (g) any other nonrecurring or non-cash charges (including
charges incurred with respect to the Transactions), and minus, to the extent
included in calculating such Consolidated Net Income for such period, the sum
of (a) any extraordinary income or gains, (b) gains on the sales of assets
outside of the ordinary course of business and gains from discontinued
operations, (c) any gains on the retirement of debt identified in the
Consolidated statements of cash flows and (d) any other nonrecurring or
non-cash income, all as determined on a Consolidated basis; provided
that in calculating Consolidated EBITDA the effect of the Cross Guarantees
shall be disregarded.  If during such
period the Guarantor or any Subsidiary shall have made an acquisition,
Consolidated EBITDA for such period shall be calculated after

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giving pro forma effect thereto as if such
acquisition occurred on the first day of such period.

“Consolidated Interest
Expense” means, for any fiscal period (without duplication), (a) the
Consolidated interest expense of the Guarantor and its Consolidated
Subsidiaries for such period plus (b) if a Permitted Securitization
Transaction outstanding during such period is accounted for as a sale of accounts
receivable, chattel paper, general intangibles or the like under GAAP, the
additional consolidated interest expense that would have accrued during such
period had such Permitted Securitization Transaction been accounted for as a
borrowing during such period, determined on a Consolidated basis.

“Consolidated Net
Income” means, for any fiscal period, the Consolidated net income of the
Guarantor for such period.  For purposes
of calculating Consolidated Net Income (and Consolidated EBITDA) for any period
(or portion thereof) ending on or prior to the Healthcare Spin Distribution,
Consolidated Net Income (and Consolidated EBITDA) shall be determined based on
the combined financial statements as described in Section 3.04(a)(ii) and
Section 5.01(b)(ii).

“Consolidated Tangible
Assets” means, at any time, the total assets less all Intangible Assets
appearing on the Consolidated balance sheet of the Guarantor as of the end of
the most recently concluded fiscal quarter of the Guarantor.

“Consolidated Total
Debt” means, as of any date of determination, the aggregate amount of Debt
of the Guarantor determined on a Consolidated basis, as of such date; provided
that Guarantees shall be valued at the amount thereof, if any, reflected on the
consolidated balance sheet of the Guarantor; provided, further
that prior to the Healthcare Spin Distribution, Consolidated Total Debt shall
only include Debt that would be reflected on the combined balance sheet as
described in Section 3.04(a)(ii) and Section 5.01(b)(ii); provided that
if a Permitted Securitization Transaction is outstanding at such date and is
accounted for as a sale of accounts receivable, chattel paper, general
intangibles, or the like, under GAAP, Consolidated Total Debt determined as
aforesaid shall be adjusted to include the additional Debt, determined on a
consolidated basis as of such date, which would have been outstanding at such
date had such Permitted Securitization Transaction been accounted for as a
borrowing at such date; provided, further, that Consolidated
Total Debt shall not include Debt of a joint venture, partnership or similar
entity which is Guaranteed by the Guarantor or a Consolidated Subsidiary by
virtue of the joint venture, partnership or similar arrangement with respect to
such entity or by operation of applicable law (and not otherwise) except to the
extent that the aggregate outstanding principal amount of such excluded Debt at
such date exceeds $50,000,000; and provided, further, that
Consolidated Total Debt shall not include Cross Guarantees.

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“Credit Agreement”
means the Five-Year Senior Credit Agreement (Healthcare Businesses) dated as of
the date of this Agreement among the H Borrower, the Initial Guarantor, the H
Guarantor, the lenders party thereto, and Citibank, N.A., as Administrative
Agent.

“Credit Agreement
(Electronics)” means the Five-Year Senior Credit Agreement (Electronics
Businesses) dated as of the date of this Agreement among the E Borrower, the
Initial Guarantor, the E Guarantor, the lenders party thereto, and Bank of America,
N.A., as Administrative Agent.

“Credit Agreement
(Topaz)” means the Five-Year Senior Credit Agreement (Fire & Safety and
Engineered Products Businesses) dated as of the date of this Agreement among
the T Borrower, the Initial Guarantor, the lenders party thereto, and Citibank,
N.A., as Administrative Agent.

“Credit Exposure”
means, with respect to any Lender at any time, such Lender’s Tranche A Credit
Exposure and Tranche B Credit Exposure, collectively, at such time.

“Cross Guarantees”
means the Guarantees by the Guarantor or its Subsidiaries of obligations of the
T Borrower or the E Borrower or their respective subsidiaries that are listed
on Schedule 5.09, to the extent that the direct obligor with respect to the
obligations covered by such Guarantee guarantees or is otherwise obligated to
the payments of such guaranteed obligations for the benefit of the Guarantor or
such Subsidiary.

“Debt” of any
Person means, at any date, without duplication, (a) the principal of all
obligations of such Person for borrowed money; (b) the principal of all
obligations of such Person evidenced by bonds, debentures, notes or similar
instruments; (c) all obligations of such Person in respect of the deferred
purchase price of property or services recorded on the books of such Person
(except for (i) trade and similar accounts payable and accrued expenses, (ii)
employee compensation, deferred compensation and pension obligations, and other
obligations arising from employee benefit programs and agreements or other
similar employment arrangements, (iii) obligations in respect of customer
advances received and (iv) obligations in connection with earnout and holdback
agreements, in each case in the ordinary course of business); (d) any
obligation of such Person to reimburse the issuer of any letter of credit,
performance bond, performance guaranty or bank guaranty issued for the account
of such Person upon which, and only to the extent that, a drawing has been made
(or such reimbursement obligation is otherwise not contingent) and such
non-contingent obligation is not reimbursed within five Business Days; (e) the
net capitalized amount of all obligations of such person as lessee which are
capitalized on the books of such Person in accordance with GAAP; (f) all Debt

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of others secured by any
Lien on property of such Person, whether or not the Debt secured thereby has
been assumed, but only to the extent of the lesser of the face amount of the
obligation or the fair market value of the assets so subject to the Lien; and
(g) all Guarantees by such Person of Debt of others (except the Guarantor or
any Subsidiary); provided that the term “Debt” shall not include:

(A) Intercompany Debt (except that, for the purposes of Sections
5.10 and 5.11, Debt shall include Intercompany Debt); or

(B) obligations in respect of trade letters of credit or bank
guaranties supporting trade and similar accounts payable arising in the
ordinary course of business, or

(C) Nonrecourse Debt.

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

“Designated Officer”
means the chief executive officer, president, chief financial officer or
treasurer of Tyco Healthcare Group LP.

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

“E Borrower” means
Tyco Electronics Group S.A., a Luxembourg company.

“E Guarantor”
means Tyco Electronics Ltd., a Bermuda company.

“Effective Date”
means the date on which the conditions specified in Section 4.01, and the
conditions specified in Section 4.02 with respect to the initial Loans to be
made under this Agreement, are satisfied or waived.

“Electronics Spin
Distribution” has the meaning set forth in the definition of “Separation
Transactions”.

“Environmental Laws”
means all laws, rules, regulations, codes, ordinances, orders, decrees,
judgments, injunctions, notices or binding agreements issued, promulgated or
entered into by any Governmental Authority, relating in any way to the environment,
health, safety or Hazardous Materials.

“Environmental
Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or
indemnities), of the Guarantor or any Subsidiary directly or indirectly
resulting from or

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based upon (a) violation
of any Environmental Law, (b) the generation, use, handling, transportation,
storage, treatment or disposal of any Hazardous Materials, (c) exposure to any
Hazardous Materials, (d) the release or threatened release of any Hazardous
Materials into the environment or (e) any contract, agreement or other
consensual arrangement pursuant to which liability is assumed or imposed with
respect to any of the foregoing.

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

“ERISA Affiliate”
means any Person, trade or business (whether or not incorporated) that,
together with the Borrower, is treated as a single employer under Section
414(b), (c), (m) or (o) of the Code or Section 4001(b)(3) of ERISA.

“ERISA Event”
means (a) any “reportable event”, as defined in Section 4043 of ERISA or
the regulations issued thereunder with respect to a Plan; (b) the existence
with respect to any Plan of an “accumulated funding deficiency” (as
defined in Section 412 of the Code or Section 302 of ERISA), whether or not
waived; (c) the filing pursuant to Section 412(d) of the Code or Section 303(d)
of ERISA of an application for a waiver of the minimum funding standard with
respect to any Plan; (d) the incurrence by the Guarantor or any of its ERISA
Affiliates of any liability under Title IV of ERISA (other than payment of PBGC
premiums) with respect to the termination of any Plan; (e) the receipt by the
Guarantor or any ERISA Affiliate from the PBGC or a plan administrator of any
notice relating to the PBGC’s intention to terminate any Plan or Plans or to
appoint a trustee to administer any Plan; (f) the incurrence by the Borrower or
any of its ERISA Affiliates of any liability with respect to the withdrawal or
partial withdrawal from any Plan or Multiemployer Plan; (g) the receipt by the
Guarantor or any ERISA Affiliate of any notice, or the receipt by any
Multiemployer Plan from the Guarantor or any ERISA Affiliate of any notice,
concerning the imposition of Withdrawal Liability or a determination that a
Multiemployer Plan is, or is expected to be, insolvent or in reorganization,
within the meaning of Title IV of ERISA; or (h) the failure to timely make any
required contribution or premium payment in respect of any Plan or contribution
in respect of any Multiemployer Plan.

“Eurodollar Reserve
Percentage” in respect of any Lender and for any day during any Interest
Period, the reserve percentage (expressed as a decimal) in effect on such day
and applicable to such Lender under Regulation D promulgated by the Board of
Governors of the Federal Reserve System for determining such Lender’s reserve
requirement (including any emergency, supplemental or other marginal reserve
requirement) with respect to “Eurocurrency liabilities”, as in effect from time
to time (“FRB Regulation D”).

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“Eurodollar”, when
used in reference to any Loan or Borrowing, means that such Loan, or the Loans
comprising such Borrowing, bear interest at a rate per annum equal to the
applicable LIBO Rate plus the Applicable Margin.

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

“Excluded Taxes”
means, with respect to the Administrative Agent, any Lender or any other
recipient of any payment to be made by or on account of any obligation of any
Obligor hereunder, (a) income or franchise taxes imposed on (or measured by)
its net income (other than Taxes withheld at the source) by the United States
of America, or by the jurisdiction under the laws of which such recipient is
organized or in which its principal office is located or, in the case of any
Lender, in which its applicable lending office is located, (b) any branch
profits taxes imposed by the United States of America or any similar tax imposed
by any other jurisdiction in which the Borrower is located and (c) in the case
of a Foreign Lender (other than an assignee pursuant to a request by the
Borrower under Section 10.04(e)), any United States withholding tax that is
imposed on amounts payable to such Foreign Lender at the time such Foreign
Lender becomes a party to this Agreement (or designates a new lending office)
or is attributable to such Foreign Lender’s failure to comply with Section
9.05(e) (except to the extent such failure is attributable to a Change in Law,
except to the extent that such Foreign Lender (or its assignor, if any) was
entitled, at the time of designation of a new lending office (or assignment),
to receive additional amounts from either Obligor with respect to such withholding
tax pursuant to Section 9.05(a).

“Existing Indenture
Covered Default” means any default or event of default under any of the
indentures or notes evidencing the Existing Indenture Debt (i) that results
solely from the Separation Transactions and (ii) for which the Tranche A
Commitments would be available (and at the time continue to be available) under
this Agreement or similar commitments would be available (and at the time
continue to be available) under the Other Bridge Loan Agreements to pay in full
(a) such Existing Indenture Debt if such Existing Indenture Debt were
accelerated as a result of such default and (b) any other Existing Indenture
Debt which could be accelerated as a result of such default.

“Existing Indenture
Debt” means the Debt of the Initial Borrower, the Initial Guarantor and
Subsidiaries of the Initial Borrower, which Debt is outstanding on the date of
this Agreement and is more particularly described on Schedule A, which, among
other things, sets forth the aggregate amount of each series or tranche of such
Debt.

“Existing Tyco Credit
Agreements” means each of (i) the $1,500,000,000 Three-Year Credit
Agreement dated as of December 22, 2003, as amended, among the Initial
Borrower, the T Guarantor, Bank of America, N.A., as paying agent, and the
other

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lenders party thereto,
and (ii) the $1,000,000,000 Five-Year Credit Agreement dated as of December 16,
2004, as amended, among the Initial Borrower, the T Guarantor, Bank of America,
N.A., as paying agent, and the other lenders party thereto.

“Facility Fee” has
the meaning assigned to such term in Section 2.10(a).

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

“Fee Letters”
means each of (i) the letter dated December 20, 2006 between the Initial
Borrower (or, on and after assignment of such letter in connection with the
TIGSA Separation, the H Borrower) and the Administrative Agent and (ii) the
letter dated December 20, 2006 between the Initial Borrower (or, on and after
assignment of such letter in connection with the TIGSA Separation, the H
Borrower) and the Global Coordinators.

“Fitch” means
Fitch Investor’s Service, Inc.

“Fitch Rating”
means, at any time, the rating published by Fitch of the Borrower’s Index Debt.

“Foreign Lender”
means any Lender that is organized under the laws of a jurisdiction other than
the United States of America, any State thereof or the District of Columbia.

“Form-10s” means
(i) the Form 10 filed by the H Guarantor with the SEC on January 18, 2007, as
amended by the amendment thereto filed with the SEC on April 20, 2007 and (ii)
the Form 10 filed by the E Guarantor with the SEC on January 18, 2007, as
amended by the amendment thereto filed with the SEC on April 20, 2007.

“Funded Debt”
means any Debt described in clause (a) or (b) of the definition of Debt (for
the avoidance of doubt not including items carved out of the definition of Debt
pursuant to the proviso to such definition).

“GAAP” means
generally accepted accounting principles as in effect from time to time in the
United States of America.

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“Global Coordinators”
means Citigroup Global Markets Inc. and Banc of America Securities LLC in their
respective capacities as global coordinators.

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

“Granting Lender”
has the meaning assigned to such term in Section 10.04(g).

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

“Guarantor” means,
until the Guarantor Transition Time, the Initial Guarantor, and from and after
the Guarantor Transition Time, the H Guarantor.

“Guarantor Assumption
Agreement” means an assignment and assumption agreement entered into
between the Initial Guarantor and the H Guarantor substantially in the form of
Exhibit G.

“Guarantor Assumption
Opinions” means a written opinion (addressed to the Administrative Agent
and the Lenders and dated the date of the Guarantor Assumption Agreement) of
(i) Appleby Hunter Bailhache, special Bermudian counsel of the H Guarantor,
substantially in the form attached as Exhibit I-1 and (ii) Gibson, Dunn &
Crutcher LLP, special New York counsel of the H Guarantor, substantially in the
form attached as Exhibit I-2, in each case with such changes to such forms as
may be approved by the Administrative Agent.

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“Guarantor Transition
Time” means the time of the consummation of the Healthcare Spin
Distribution (provided that the conditions set forth in Section 5.08(c)
shall have been satisfied).

“H Borrower” has
the meaning set forth in the preamble hereto.

“H Guarantor” has
the meaning set forth in the preamble hereto.

“H SARL” means
Tyco Group S.á r.l., a Luxembourg company.

“H Subsidiary”
means, until the Borrower Transition Time, H SARL and any Subsidiary that is a
subsidiary of H SARL, and from and after the Borrower Transition Time, any subsidiary
of the H Borrower.

“Hazardous Materials”
means all explosive or radioactive substances or wastes and all hazardous or
toxic substances, wastes or other pollutants, including petroleum or petroleum
distillates, asbestos or asbestos containing materials, polychlorinated
biphenyls, radon gas, infectious or medical wastes.

“Healthcare
Registration Statement” has the meaning set forth in Section 3.04(a).

“Healthcare Spin
Distribution” has the meaning set forth in the definition of “Separation
Transactions”.

“Indemnified Taxes”
means Taxes other than Excluded Taxes.

“Index Debt” means
senior, unsecured, long-term indebtedness for borrowed money of the Borrower
that is not guaranteed by any other Person other than the Guarantor or subject
to any other credit enhancement.

“Index Debt Rating”
means the S&P Rating, the Moody’s Rating and the Fitch Rating.

“Index Debt Rating
Change” means a change in the S&P Rating, the Moody’s Rating or the
Fitch Rating that results in a change from one Index Debt Rating category to
another on the Pricing Grid in accordance with the provisions of Schedule 1.01,
each Index Debt Rating Change to be deemed to take effect on the date on which
the relevant change in rating is first publicly announced by S&P, Moody’s
or Fitch, as the case may be.

“Initial Borrower”
has the meaning set forth in the preamble hereto.

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“Initial Guarantor”
has the meaning set forth in the preamble hereto.

“Intangible Assets”
means, at any date, the amount (if any) stated under the heading “Goodwill and
Other Intangible assets, net” or under any other heading relating to intangible
assets separately listed, in each case, on the face of a balance sheet of the
Guarantor prepared on a Consolidated basis as of such date.

“Intercompany Debt”
means (i) indebtedness of the Guarantor owed to a Subsidiary and (ii)
indebtedness of a Subsidiary owed to the Guarantor or another Subsidiary.

“Interest Election
Request” means a request by the Borrower to convert or continue a Borrowing
in accordance with Section 2.06.

“Interest Payment Date”
means (a) with respect to any ABR Loan, the last Business Day of each March,
June, September and December and (b) with respect to any Eurodollar Loan, the
last day of the Interest Period applicable to the Borrowing of which such Loan
is a part; provided that, if an Interest Period for a Eurodollar
Borrowing is of more than three months’ duration, each day within such Interest
Period that occurs at intervals of three months’ duration after the first day
of such Interest Period shall also be an Interest Payment Date.

“Interest Period”
means with respect to any Eurodollar Borrowing, the period commencing on the
date of such Borrowing and ending on the date that is one, two, three or six
months thereafter, as the Borrower may elect, upon notice received by the
Administrative Agent not later than 11:00 a.m. (New York City time) on the
third Business Day prior to the first day of such Interest Period, or such
other period as requested by the Borrower and agreed to by all the Lenders in
accordance with Section 2.03(b); 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;

(ii)         any Interest Period of one or more
whole months 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; and

 13
 

 

(iii)        with respect to Tranche A Loans, the
Borrower may not select any Interest Period that may end after the Tranche A
Maturity Date and with respect to Tranche B Loans, the Borrower may not select
an Interest Period that may end after the Tranche B Maturity Date.

(i)    For purposes hereof, the date of a
Borrowing initially shall be the date on which such Borrowing is made and
thereafter shall be the effective date of the most recent conversion or
continuation of such Borrowing.

(ii)           “Lenders” means the
Persons listed on Schedule 2.01 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.

“LIBO Rate” means,
with respect to any Eurodollar Borrowing for any Interest Period, the British
Bankers Association London Interbank Offered Rate (“BBA LIBOR”),
as it is published by Reuters or any successor to or substitute for such
service, providing rate quotations of BBA LIBOR, as determined by the
Administrative Agent from time to time for purposes of providing quotations of
interest rates applicable to dollar deposits in the London interbank market) at
approximately 11:00 a.m., London time, two Business Days prior to the
commencement of such Interest Period, as the rate for dollar deposits with a
maturity comparable to such Interest Period. 
In the event that such rate is not available at such time for any
reason, then the “LIBO Rate” with respect to such Eurodollar Borrowing
for such Interest Period shall be the rate at which dollar deposits of
$10,000,000 and for a maturity comparable to such Interest Period are offered
by the principal London office of the Administrative Agent in immediately
available funds in the London interbank market at approximately 11:00 a.m.,
London time, two Business Days prior to the commencement of such Interest
Period.

“Lien” means, with
respect to any asset, any mortgage, deed of trust, lien, pledge, hypothecation,
encumbrance, charge or security interest in, on or of such asset, including the
interest of a vendor or a lessor under any conditional sale agreement, capital
lease or title retention agreement.

“Loan Documents”
means this Agreement, each Note (if any), the Borrower Assumption Agreement,
the Guarantor Assumption Agreement, the Fee Letters and each Subsidiary
Guaranty (if any).

“Loans” means Tranche
A Loans and Tranche B Loans.

 14
 

 

“Material Adverse
Effect” means a material adverse effect on (a) the Consolidated financial
condition, business or operations of the Guarantor and its Subsidiaries taken
as a whole, (b) the ability of the Obligors to perform their obligations under
the Loan Documents or (c) the rights and remedies of the Administrative Agent
and the Lenders under the Loan Documents.

“Material Debt”
means Debt (other than Loans or other Debt under this Agreement) of any one or more
of the Guarantor and its Subsidiaries in an aggregate principal amount
exceeding $50,000,000.

“Memorandum of
Understanding” means the Memorandum of Understanding dated May 14, 2007
entered into by Tyco International Ltd., Michael A. Ashcroft, Mark A. Belnick
and plaintiffs’ counsel in connection with the settlement of 32 purported class
action lawsuits filed against Tyco International Ltd. which had been
consolidated and transferred by the Judicial Panel on Multidistrict Litigation
to the U.S. District Court for the District of New Hampshire pursuant to which
the plaintiffs in such lawsuits (the “Settlement Plaintiffs”) have agreed to
release all claims against Tyco International Ltd. in consideration for, among
other things, the payment of the Settlement Amount.

“Moody’s” means
Moody’s Investors Service, Inc. and any successor to its business of rating
debt securities.

“Moody’s Rating”
means, at any time, the rating published by Moody’s of the Borrower’s Index
Debt.

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

 15
 

 

“Net Cash Proceeds”
means, with respect to any Reduction Event, (a) the cash proceeds received in
respect thereof (including any cash received in respect of any non-cash
proceeds, but only when and as received), in each case net of (b) the sum of
(i) all reasonable fees and out-of-pocket expenses paid or payable by the
Guarantor and its Subsidiaries to third parties (other than Affiliates) in
connection with such Reduction Event, and (ii) the amount of all taxes paid (or
reasonably estimated to be payable) by the Guarantor and its Subsidiaries that
are directly attributable to such Reduction Event (as determined reasonably and
in good faith by the Guarantor); provided that with respect to any
Reduction Event under clause (b) of the definition of “Reduction Event”
occurring as a result of the incurrence of Funded Debt by the Initial Guarantor
prior to the consummation of the Healthcare Spin Distribution or the Initial
Borrower prior to the consummation of the TIGSA Separation, the “Net Cash
Proceeds” thereof shall be deemed to be an amount equal to the net amount
described above multiplied by a fraction, the numerator of which is the
aggregate Commitments hereunder (whether used or unused) and the denominator of
which is the sum of the aggregate Commitments hereunder (whether used or
unused) and the aggregate “Commitments” under each of the Other Bridge Loan
Agreements (whether used or unused).

“Nonrecourse Debt”
means, at any time, all Debt of Subsidiaries (and all other Persons which are
consolidated on the Guarantor’s financial statements in accordance with GAAP
(such Subsidiaries or other Persons a “Consolidated Person”)) of the
Guarantor outstanding at such time incurred on terms that recourse may be had
to such Consolidated Person only by enforcing the lender’s default remedies
with respect to specific assets which constitute collateral security for such
Debt and not by way of action against such Consolidated Person (nor against the
Guarantor or such other Consolidated Person of the Guarantor) as a general
obligor in respect of such Debt (subject to, for the avoidance of doubt,
customary exceptions contained in non-recourse financings to the non-recourse
nature of the obligations thereunder).

“Note” means a Tranche
A Note or a Tranche B Note.

“Obligors” means
the Borrower and the Guarantor.

“Other Bridge Loan
Agreements” means (a) the 364-Day Senior Bridge Loan Agreement (Electronics
Businesses) dated as of the date of this Agreement among the Initial Borrower,
the E Borrower, the Initial Guarantor, the E Guarantor, the lenders party
thereto, and Bank of America, N.A., as Administrative Agent and (b) the 364-Day
Senior Bridge Loan Agreement (Fire & Safety and Engineered Products
Businesses) dated as of 

 16
 

the date of this
Agreement among the Initial Borrower, the T Borrower, the Initial Guarantor,
the lenders party thereto, and Citibank, N.A., as Administrative Agent.

“Other Credit
Agreements” means the Credit Agreement (Electronics) and the Credit
Agreement (Topaz).

“Other Taxes”
means any and all present or future, stamp or documentary taxes or any other
excise or property taxes, charges or similar levies (together with any addition
to tax, penalty, fine or interest thereon) arising from any payment made under
any Loan Document or from the execution, delivery or enforcement of, or
otherwise with respect to, any Loan Document.

“Participant” has
the meaning assigned to such term in Section 10.04.

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

“Permitted Acquired
Debt” means Debt of a Person that exists at the time such Person becomes a
Subsidiary or at the time the Guarantor or a Subsidiary acquires all or
substantially all of the assets of such Person if such Debt is assumed by the
Guarantor or such Subsidiary and was not created in contemplation of any such
event (“Acquired Debt”) and any Refinancing thereof; provided if
such Acquired Debt is Refinanced, it shall constitute Permitted Acquired Debt
only if the Borrower is the obligor thereunder.

“Permitted
Securitization Transaction”  means
any sale or sales of any accounts receivable, general intangibles, chattel
paper or other financial assets and related rights and assets of the Guarantor
and/or any of its Subsidiaries, and financing secured by the assets so sold,
pursuant to which the Guarantor and its Subsidiaries realize aggregate net
proceeds of not more than $250,000,000, including, without limitation, any revolving
purchase(s) of such assets where the maximum aggregate uncollected purchase
price (exclusive of any deferred purchase price) therefor does not exceed
$250,000,000.

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

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

 17

 

“Platform” has the
meaning assigned to such term in Section 10.15.

“Preferred Stock”
means any preferred and/or redeemable capital stock of the Guarantor or any
Subsidiary, as the case may be, that, by its terms (or by the terms of any
security into which it is convertible or for which it is exchangeable at the
option of the holder thereof), or upon the happening of any event, matures or
is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise,
or redeemable at the option of the holder, in whole or in part, on or prior to
the Maturity Date.

“Pricing Grid”
means the Pricing Grid and the conventions for determining pricing as set forth
on Schedule 1.01.

“Reduction Event”
means any of the following:

(a)   except as issued pursuant to the Separation
Transactions, any issuance by the Guarantor, the Borrower or any H Subsidiary
on or after the date of this Agreement of any equity securities (including
equity-linked or hybrid securities); or

(b)   any incurrence by the Guarantor, the Borrower
or any H Subsidiary on or after the date of this Agreement of any Funded Debt,
including without limitation pursuant to a public offering, private placement
or a syndicated bank financing, except

(A)  Debt incurred under this
Agreement and the Other Bridge Loan Agreements or assigned to the H Borrower
pursuant to the Separation Transactions;

(B)   so long as the proceeds of
any of the following are not used to Refinance or repay any portion of the
Allocated Existing Indenture Debt, Debt incurred under (x) the Credit Agreement
at any time and (y) the Other Credit Agreements, if (in the case of this clause
(y)) such incurrence occurs before the Guarantor Transition Time (provided
that the Credit Agreement (Electronics) shall cease to be considered in this
clause (B)(y) after the Electronics Spin Distribution), or Refinancings of any
of the foregoing;

(C)   Debt incurred in the
ordinary course of business under bilateral lines of credit available to the
Guarantor, the Borrower or any H Subsidiary on the Effective Date, or
Refinancings thereof, or otherwise incurred in the ordinary course of business;

(D)  commercial paper issued in
the ordinary course of business;

(E)   Debt, in the case of this
clause (E) up to an aggregate principal amount of $200,000,000, incurred to
finance acquisitions by the H Guarantor, the 

 18
 

H Borrower or any H Subsidiary of all or substantially
all the assets of a Person, a division or line of business of a Person, or the
capital stock, partnership interests or limited liability company interests of
a Person, or Refinancings of any of the foregoing, so long as (x) such
Refinancing does not result in the amount of Debt described in this clause (E)
exceeding an aggregate principal amount of $200,000,000 (plus an additional
amount to cover any accrued interest on the Debt being Refinanced and any
prepayment penalties or premiums and customary fees and expenses incurred in
connection with such Refinancing) and (y) the Borrower is the obligor under
such Refinanced Debt; and

(F)   Refinancings of other Debt
outstanding on the Effective Date (other than Refinancings of any portion of
the Allocated Existing Indenture Debt, including issuances of Funded Debt for
which the proceeds are held for the purpose of Refinancing Allocated Existing
Indenture Debt).

“Refinancing”
means, with respect to any financing, any instrument or agreement amending,
restating, supplementing, extending, renewing, refunding, refinancing,
replacing or otherwise modifying, in whole or in part, the documents governing
such financing (and “Refinance” shall have a correlative meaning).

“Register” has the
meaning assigned to such term in Section 10.04.

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

“Reportable Action”
means any action, suit or proceeding or investigation before any court,
arbitrator or other governmental body against the Guarantor or any of its
Subsidiaries or any ERISA Event, in each case in which there is a reasonable
possibility of an adverse determination that could reasonably be expected to
have a Material Adverse Effect.

“Repurchase
Documentation” means the offering circulars for the tender offers and
consent solicitations circulars commenced prior to the Effective Date for the
repurchase of Allocated Existing Indenture Debt and, to the extent not so
repurchased, the modification of the documentation evidencing Allocated
Existing Indenture Debt.

“Required Lenders”
means, at any time, Lenders (not including the Borrower or any of its
Affiliates) having aggregate Applicable Percentages in excess of 50% at such
time; provided, however, (a) with respect to matters affecting only the Tranche
A Loans or the Tranche A Commitments (and not the Tranche B Loans or the
Tranche B Commitments), “Required Lenders” means Lenders (not including the  

 19
 

Borrower or any of its
Affiliates) having in excess of 50% of the aggregate amount of the Tranche A
Commitments or, if the Tranche A Commitments have terminated or expired,
Lenders (not including the Borrower or any of its Affiliates) holding in excess
of 50% of the aggregate unpaid principal amount of the Tranche A Loans and (b)
with respect to matters affecting only the Tranche B Loans or the Tranche B
Commitments (and not the Tranche A Loans or the Tranche A Commitments), “Required
Lenders” means Lenders (not including the Borrower or any of its Affiliates)
having in excess of 50% of the aggregate amount of the Tranche B Commitments
or, if the Tranche B Commitments have terminated or expired, Lenders (not
including the Borrower or any of its Affiliates) holding in excess of 50% of
the aggregate unpaid principal amount of the Tranche B Loans.

“Responsible Officer”
means any of the following:  (i) the
Chief Executive Officer, President, Vice President and Chief Financial Officer,
Treasurer or Secretary of the Guarantor or (ii) the Chief Executive Officer,
President, Vice President and Chief Financial Officer, Treasurer or Secretary
of the Borrower or a Managing Director of the Borrower.

“S&P” means
Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc. and any successor to its business of rating debt securities.

“S&P Rating”
means, at any time, the rating published by S&P of the Borrower’s Index
Debt.

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

“Separation Pro Formas”
has the meaning assigned to such term in Section 3.04(a).

“Separation Transactions”
means the series of transactions pursuant to which the assets, liabilities and
businesses owned, directly or indirectly, by the Initial Guarantor and the
Initial Borrower are being allocated among the T Guarantor and its Subsidiaries
(including the T Borrower), the E Guarantor and its Subsidiaries (including the
E Borrower) and the H Guarantor and its Subsidiaries (including the H
Borrower).  The steps of the Separation
Transactions will include, among others, (i) the contribution of the assets, liabilities
and businesses of the Initial Borrower to the H Borrower (in the case of the
healthcare businesses of the Initial Borrower and assets and liabilities
relating thereto), the E Borrower (in the case of the electronics businesses of
the Initial Borrower and assets and liabilities relating thereto) and the T
Borrower (in the case of the fire & security and engineered products
businesses of the Initial Borrower and assets and liabilities relating thereto)
(such transactions, the “TIGSA Separation”), and the 

 20
 

liquidation of the
Initial Borrower and liquidating distribution in connection therewith of the
shares of the H Guarantor, the E Guarantor and the T Borrower to the Initial
Guarantor; and (ii) after the TIGSA Separation, the distributions by the Initial
Guarantor to its shareholders of the shares of (x) the H Guarantor (the “Healthcare
Spin Distribution”) and the E Guarantor (the “Electronics Spin
Distribution”; and together with the Healthcare Spin Distribution, the “Spin
Distributions”), with the Initial Guarantor to remain the direct parent of
the T Borrower.

“Settlement Agreement”
means the definitive settlement agreement setting forth the terms of the
Memorandum of Understanding.

“Settlement Amount”
means $2,975,000,000.

“Settlement Escrow
Account” means the escrow account established pursuant to the Memorandum of
Understanding to hold the Settlement Amount together with interest thereon.

“Settlement Plaintiffs”
has the meaning assigned to such term in the definition of “Memorandum of
Understanding”.

“Settlement Unwind
Date” means the date on which the Settlement Amount is returned to the
Guarantor as a result of the Settlement Agreement and/or the Memorandum of
Understanding becoming null and void or otherwise terminated prior to the
disbursement of funds to the Settlement Plaintiffs.

“Significant
Subsidiary” means, at any date, any Subsidiary which, including its
subsidiaries, meets any of the following conditions:

(i)          the proportionate share attributable
to such Subsidiary of the total assets of the Guarantor (after intercompany
eliminations) exceeds 15% of the total assets of the Guarantor, determined on a
Consolidated basis as of the end of the most recently completed fiscal year; or

(ii)         the Guarantor’s and its Subsidiaries’
equity in the income of such Subsidiary from continuing operations before
income taxes, extraordinary items and cumulative effect of a change in
accounting principles exceeds 15% of Consolidated income of the Guarantor from
continuing operations before income taxes, any loss on the retirement of debt,
extraordinary items, cumulative effect of a change in accounting principles,
and before any impairment charges, determined for the most recently completed
fiscal year.

 21
 

 

(iii)  For the avoidance of doubt, the
Borrower shall at all times be deemed a “Significant Subsidiary”.

“SPC” has the
meaning assigned to such term in Section 10.04(g).

“Special Repayment”
means a redemption or other repayment of Allocated Existing Indenture Debt
other than pursuant to the closing of a tender offer.

“Spin Distributions”
has the meaning set forth in the definition of “Separation Transactions”.

“Spin-off Agreements”
means (a) the Separation and Distribution Agreement to be entered into among
the T Guarantor, the H Guarantor and the E Guarantor and (b) the Tax Sharing
Agreement to be entered into among the T Guarantor, the H Guarantor and the E
Guarantor, of which final forms shall be publicly filed with the SEC.

“Stock” means,
with respect to any Person, any capital stock or equity securities of or other
ownership interests in such Person.

“Stock Equivalents”
means, with respect to any Person, options, warrants, calls or other rights
entered into or issued by such Person to acquire any Stock of, or securities
convertible into or exchangeable for Stock of, such Person.

“subsidiary” of a
Person means a corporation, partnership, joint venture, limited liability
company or other entity of which a majority of the shares of securities or
other interests having ordinary voting power for the election of directors or
other governing body (other than securities or interests having such power only
by reason of the happening of a contingency) are at the time beneficially
owned, or the management of which is otherwise controlled, directly, or
indirectly through one or more intermediaries, or both, by such Person.

“Subsidiary” means
any subsidiary of the Guarantor.

“Subsidiary Guarantor”
means each Subsidiary that has executed a Subsidiary Guaranty pursuant to
Section 5.12.

“Subsidiary Guaranty”
means a guaranty entered into by a Subsidiary in substantially the form of
Exhibit E, with any such modifications to such form as may be necessary or
advisable and customary under the local law of the jurisdiction of organization
of the relevant Subsidiary, in the judgment of the Obligors.

“T Borrower” means
Tyco International Finance S.A., a Luxembourg company.

 22
 

 

“T Guarantor”
means the Initial Guarantor.

“Taxes” means any
and all present or future taxes, levies, imposts, duties, deductions, charges
or withholdings imposed or asserted by any Governmental Authority, together
with any addition to tax, penalty, fine or interest thereon.

“TIGSA Separation”
has the meaning set forth in the definition of “Separation Transactions”.

“Tranche”, when
used in reference to any Loan or Borrowing, refers to whether such Loan is a
Tranche A Loan or a Tranche B Loan or whether such Borrowing is a Borrowing of
Tranche A Loans or Tranche B Loans, as the case may be.

“Tranche A
Availability Period” means the period from and including the Effective Date
to but excluding the earliest of (a) the Tranche A Maturity Date, (b) the date
of the consummation of the Healthcare Spin Distribution and (c) the date of any
earlier termination of the Tranche A Commitments.

“Tranche
A Commitment” means, with respect to each Lender, the commitment of such
Lender to make Tranche A Loans hereunder, expressed as an amount representing
the maximum aggregate amount of such Lender’s Tranche A Credit Exposure
hereunder, as such Tranche A Commitment may be (a) reduced from time to time
pursuant to Section 2.07, and (b) reduced or increased from time to time
pursuant to assignments by or to such Lender pursuant to Section 10.04.  The initial amount of each Lender’s Tranche A
Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption
pursuant to which such Lender shall have assumed its Tranche A Commitment, as
applicable.  The initial aggregate amount
of the Lenders’ Tranche A Commitments is $3,200,000,000.

“Tranche A Credit
Exposure” means, with respect to any Lender at any time, the outstanding
principal amount of such Lender’s Tranche A Loans at such time.

“Tranche A Loans”
means loans made by the Lenders to the Borrower pursuant to this Agreement for
the purposes described in Section 5.06(b).

“Tranche A Maturity
Date” means the earliest to occur of (i) April 23, 2008, (ii) the date of
any voluntary termination or reduction of commitments under (x) the Credit
Agreement or (y) any of the Other Credit Agreements, if (in the case of this
clause (y)) such date is prior to the Guarantor Transition Time (provided that
the Credit Agreement (Electronics) shall cease to be considered in this clause
(ii)(y) after the  

 23
 

Electronics Spin
Distribution), or (iii) the date of any voluntary prepayment of any
non-revolving Debt of the Guarantor or any Subsidiary (other than the Existing
Indenture Debt) in an aggregate outstanding principal amount exceeding
$100,000,000; provided that if such day is not a Business Day, the Tranche A
Maturity Date shall be the next succeeding Business Day (excluding any day on
which banks are not open for dealings in dollar deposits in the London
interbank market); and provided  further
that any transaction solely among the Guarantor and its Subsidiaries or solely
among Subsidiaries shall be disregarded for purposes of clause (iii) above.

“Tranche A Note”
means a promissory note substantially in the form of Exhibit A-1 made by the
Borrower in favor of a Lender evidencing Tranche A Loans made by such Lender,
to the extent requested by such Lender pursuant to Section 2.08(e).

“Tranche B
Availability Period” means the period from and including the Effective Date
to but excluding the earliest of (a) June 15, 2007; (b) the Settlement Unwind
Date and (c) the date of any earlier termination of the Tranche B Commitments.

“Tranche B Commitment”
means, with respect to each Lender, the commitment of such Lender to make
Tranche B Loans hereunder, expressed as an amount representing the maximum
aggregate amount of such Lender’s Tranche B Credit Exposure hereunder, as such
Tranche B Commitment may be (a) reduced from time to time pursuant to Section
2.07, and (b) reduced or increased from time to time pursuant to assignments by
or to such Lender pursuant to Section 10.04. 
The initial amount of each Lender’s Tranche B Commitment is set forth on
Schedule 2.01, or in the Assignment and Assumption pursuant to which such
Lender shall have assumed its Tranche B Commitment, as applicable.  The initial aggregate amount of the Lenders’
Tranche B Commitments is $1,050,000,000.

“Tranche B Credit
Exposure” means, with respect to any Lender at any time, the outstanding
principal amount of such Lender’s Tranche B Loans at such time.

“Tranche B Loans”
means loans made by the Lenders to the Borrower pursuant to this Agreement for
the purpose described in Section 5.06(c).

“Tranche B Maturity
Date” means the earliest to occur of (i) December 31, 2007, (ii) three
Business Days following the Settlement Unwind Date, (iii) the date of any
voluntary termination or reduction of commitments under (x) the Credit
Agreement or (y) any of the Other Credit Agreements, if (in the case of this
clause (y) such date is prior to the consummation of the Spin Distributions
(provided that 

 24
 

the Credit Agreement
(Electronics) shall cease to be considered in this clause (iii)(y) after the
Electronics Spin Distribution and the Credit Agreement (Healthcare) shall cease
to be considered in this clause (iii)(y) after the Healthcare Spin
Distribution), or (iv) the date of any voluntary prepayment of any non-revolving
Debt of the Guarantor or any Subsidiary (other than the Existing Indenture
Debt) in an aggregate outstanding principal amount exceeding $100,000,000;
provided that if such day is not a Business Day, the Tranche B Maturity Date
shall be the next succeeding Business Day (excluding any day on which banks are
not open for dealings in dollar deposits in the London interbank market); and
provided further that any transaction solely among the Guarantor and its
Subsidiaries or solely among Subsidiaries shall be disregarded for purposes of
clause (iv) above.

“Tranche B Note”
means a promissory note substantially in the form of Exhibit A-2 made by the
Borrower in favor of a Lender evidencing Tranche B Loans made by such Lender,
to the extent requested by such Lender pursuant to Section 2.08(e).

“Transactions”
means the execution, delivery and performance by the Obligors of this Agreement
and the other Loan Documents, the borrowing of Loans and the use of the
proceeds thereof.

“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 LIBO Rate or the Alternate Base Rate.

“Wholly-Owned
Consolidated Subsidiary” means any Consolidated Subsidiary all of the
shares of capital stock or other ownership interests of which (except directors’
qualifying shares and investments by foreign nationals mandated by applicable
law) are at the time beneficially owned, directly or indirectly, by the
Guarantor.

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

 25Exhibit 10.4

CONFORMED COPY

 

Published CUSIP Number:                       

FIVE-YEAR SENIOR CREDIT
AGREEMENT 

(Healthcare Businesses)

dated as of

April 25, 2007

among

COVIDIEN INTERNATIONAL
FINANCE S.A.,  

Borrower

TYCO INTERNATIONAL LTD.,

Initial Guarantor

COVIDIEN LTD.,

H Guarantor

The Lenders Party Hereto

and

CITIBANK, N.A. 

as Administrative Agent

CITIGROUP GLOBAL MARKETS
INC. AND UBS SECURITIES LLC

as Joint Bookrunners and Joint Lead Arrangers

CITIGROUP GLOBAL MARKETS
INC. 

BANC OF AMERICA SECURITIES LLC

as Global Coordinators

 

TABLE OF CONTENTS

	
  

  	
   

  	
   

  	
   

  	
  Page

  
	
  ARTICLE I

  	
  Definitions

  	
   

  	
    1

  
	
  Section 1.01

  	
   

  	
  Defined Terms

  	
   

  	
    1

  
	
  Section 1.02

  	
   

  	
  Classification of Loans and Borrowings

  	
   

  	
  17

  
	
  Section 1.03

  	
   

  	
  Terms Generally

  	
   

  	
  17

  
	
  Section 1.04

  	
   

  	
  Accounting Terms; GAAP

  	
   

  	
  17

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE II

  	
  The Credits

  	
   

  	
  18

  
	
  Section 2.01

  	
   

  	
  Commitments.

  	
   

  	
  18

  
	
  Section 2.02

  	
   

  	
  Loans and Borrowings.

  	
   

  	
  18

  
	
  Section 2.03

  	
   

  	
  Requests for Borrowings.

  	
   

  	
  19

  
	
  Section 2.04

  	
   

  	
  [Intentionally Omitted].

  	
   

  	
  20

  
	
  Section 2.05

  	
   

  	
  Funding of Borrowings.

  	
   

  	
  20

  
	
  Section 2.06

  	
   

  	
  Interest Elections.

  	
   

  	
  21

  
	
  Section 2.07

  	
   

  	
  Termination and Reduction of Commitments.

  	
   

  	
  22

  
	
  Section 2.08

  	
   

  	
  Repayment of Loans; Evidence of Debt.

  	
   

  	
  23

  
	
  Section 2.09

  	
   

  	
  Prepayment of Loans.

  	
   

  	
  23

  
	
  Section 2.10

  	
   

  	
  Fees.

  	
   

  	
  24

  
	
  Section 2.11

  	
   

  	
  Interest.

  	
   

  	
  25

  
	
  Section 2.12

  	
   

  	
  Calculation of Interest and Fees.

  	
   

  	
  25

  
	
  Section 2.13

  	
   

  	
  Payments Generally; Pro Rata Treatment; Sharing of
  Set-offs.

  	
   

  	
  25

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE III

  	
  Representations and Warranties

  	
   

  	
  27

  
	
  Section 3.01

  	
   

  	
  Organization; Powers

  	
   

  	
  27

  
	
  Section 3.02

  	
   

  	
  Authorization; Enforceability

  	
   

  	
  27

  
	
  Section 3.03

  	
   

  	
  Governmental Approvals; No Conflicts

  	
   

  	
  27

  
	
  Section 3.04

  	
   

  	
  Financial Condition; No Material Adverse Change.

  	
   

  	
  28

  
	
  Section 3.05

  	
   

  	
  Litigation and Environmental Matters.

  	
   

  	
  29

  
	
  Section 3.06

  	
   

  	
  Investment Company Status

  	
   

  	
  29

  
	
  Section 3.07

  	
   

  	
  Taxes

  	
   

  	
  29

  
	
  Section 3.08

  	
   

  	
  ERISA

  	
   

  	
  29

  
	
  Section 3.09

  	
   

  	
  Disclosure

  	
   

  	
  30

  
	
  Section 3.10

  	
   

  	
  Subsidiaries

  	
   

  	
  30

  
	
  Section 3.11

  	
   

  	
  Margin Regulations

  	
   

  	
  30

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE IV

  	
  Conditions

  	
   

  	
  30

  
	
  Section 4.01

  	
   

  	
  Effective Date

  	
   

  	
  30

  
	
  Section 4.02

  	
   

  	
  Each Borrowing

  	
   

  	
  32

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE V

  	
  Covenants

  	
   

  	
  32

  
	
  Section 5.01

  	
   

  	
  Financial Statements and Other Information

  	
   

  	
  32

  
	
  Section 5.02

  	
   

  	
  Existence; Conduct of Business

  	
   

  	
  34

  
							

 

 i
 

 

	
  Section 5.03

  	
   

  	
  Maintenance of Properties; Insurance

  	
   

  	
  34

  
	
  Section 5.04

  	
   

  	
  Books and Records; Inspection Rights

  	
   

  	
  34

  
	
  Section 5.05

  	
   

  	
  Compliance with Laws

  	
   

  	
  35

  
	
  Section 5.06

  	
   

  	
  Use of Proceeds

  	
   

  	
  35

  
	
  Section 5.07

  	
   

  	
  Liens

  	
   

  	
  35

  
	
  Section 5.08

  	
   

  	
  Fundamental Changes.

  	
   

  	
  37

  
	
  Section 5.09

  	
   

  	
  Financial Covenant.

  	
   

  	
  38

  
	
  Section 5.10

  	
   

  	
  Limitation on Restrictions on Subsidiary Dividends
  and Other Distributions

  	
   

  	
  38

  
	
  Section 5.11

  	
   

  	
  Transactions with Affiliates

  	
   

  	
  40

  
	
  Section 5.12

  	
   

  	
  Subsidiary Guarantors

  	
   

  	
  41

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VI

  	
  Events of Default

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VII

  	
  The Administrative Agent

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VIII

  	
  Guarantee

  	
   

  	
   

  
	
  Section 8.01

  	
   

  	
  The Guarantee

  	
   

  	
  47

  
	
  Section 8.02

  	
   

  	
  Guarantee Unconditional

  	
   

  	
  47

  
	
  Section 8.03

  	
   

  	
  Discharge Only upon Payment in Full; Reimbursement
  in Certain Circumstances

  	
   

  	
  48

  
	
  Section 8.04

  	
   

  	
  Waiver by the Guarantor

  	
   

  	
  48

  
	
  Section 8.05

  	
   

  	
  Subrogation

  	
   

  	
  48

  
	
  Section 8.06

  	
   

  	
  Stay of Acceleration

  	
   

  	
  48

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE IX

  	
  Yield Protection, Illegality and Taxes

  	
   

  	
   

  
	
  Section 9.01

  	
   

  	
  Alternate Rate of Interest

  	
   

  	
  48

  
	
  Section 9.02

  	
   

  	
  Illegality

  	
   

  	
  49

  
	
  Section 9.03

  	
   

  	
  Increased Costs.

  	
   

  	
  49

  
	
  Section 9.04

  	
   

  	
  Break Funding Payments

  	
   

  	
  50

  
	
  Section 9.05

  	
   

  	
  Taxes.

  	
   

  	
  51

  
	
  Section 9.06

  	
   

  	
  Matters Applicable to all Requests for Compensation

  	
   

  	
  52

  
	
  Section 9.07

  	
   

  	
  Mitigation Obligations

  	
   

  	
  52

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE X

  	
  Miscellaneous

  	
   

  	
   

  
	
  Section 10.01

  	
   

  	
  Notices.

  	
   

  	
  53

  
	
  Section 10.02

  	
   

  	
  Waivers; Amendments.

  	
   

  	
  54

  
	
  Section 10.03

  	
   

  	
  Expenses; Indemnity; Damage Waiver.

  	
   

  	
  55

  
	
  Section 10.04

  	
   

  	
  Successors and Assigns.

  	
   

  	
  57

  
	
  Section 10.05

  	
   

  	
  Survival

  	
   

  	
  61

  
	
  Section 10.06

  	
   

  	
  Counterparts; Integration; Effectiveness

  	
   

  	
  61

  
	
  Section 10.07

  	
   

  	
  Severability

  	
   

  	
  62

  
	
  Section 10.08

  	
   

  	
  Right of Setoff

  	
   

  	
  62

  
	
  Section 10.09

  	
   

  	
  Governing Law; Jurisdiction; Consent to Service of
  Process.

  	
   

  	
  62

  
	
  Section 10.10

  	
   

  	
  Waiver of Jury Trial

  	
   

  	
  63

  
	
  Section 10.11

  	
   

  	
  Waiver of Immunities

  	
   

  	
  64

  

 

 ii
 

 

	
  Section 10.12

  	
   

  	
  Judgment Currency

  	
   

  	
  64

  
	
  Section 10.13

  	
   

  	
  Headings

  	
   

  	
  64

  
	
  Section 10.14

  	
   

  	
  Confidentiality

  	
   

  	
  65

  
	
  Section 10.15

  	
   

  	
  Electronic Communications.

  	
   

  	
  66

  
	
  Section 10.16

  	
   

  	
  USA PATRIOT Act Notice

  	
   

  	
  67

  

SCHEDULES:

Schedule A – Existing Indenture Debt

Schedule 1.01 – Pricing Grid

Schedule 2.01 – Commitments

Schedule 5.09 – Cross Guarantees

Schedule 10.01 – Administrative Agent’s Office; Lender Notice Addresses

EXHIBITS:

Exhibit A – Form of Note

Exhibit B – Form of Assignment and Assumption

Exhibit C-1 – Form of opinion of general counsel of Guarantor

Exhibit C-2 – Form of opinion of special Luxembourg counsel

Exhibit C-3 – Form of opinion of special Bermuda counsel

Exhibit C-4 – Form of opinion of special New York counsel

Exhibit D – Form of Subsidiary Guaranty

Exhibit E – Form of Guarantor Assumption Agreement

Exhibit F-1 – Form of opinion of special Bermuda counsel (Guarantor
Assumption Agreement)

Exhibit F-2 — Form of opinion of special New York counsel (Guarantor
Assumption Agreement)

 iii

FIVE-YEAR SENIOR CREDIT AGREEMENT (Healthcare
Businesses) dated as of April 25, 2007 (the “Closing Date”), among
COVIDIEN INTERNATIONAL FINANCE S.A., a Luxembourg company (the “Borrower”),
TYCO INTERNATIONAL LTD., a Bermuda company (the “Initial Guarantor”),
COVIDIEN LTD., a Bermuda company (the “H Guarantor”), the LENDERS
party hereto, and CITIBANK, N.A., as Administrative Agent.

The parties hereto agree as follows:

ARTICLE I

Definitions

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

“ABR”, when used in reference to any Loan or
Borrowing, means that such Loan, or the Loans comprising such Borrowing, bear
interest at a rate per annum equal to the Alternate Base Rate.

“Accumulated Other Comprehensive (Loss) Income”
on any date means the amount of “Accumulated Other Comprehensive (Loss) Income”
of the Guarantor and its Subsidiaries as of the end of the most recently
completed fiscal quarter of the Guarantor prior to such date of determination
determined on a consolidated basis in accordance with GAAP.

“Administrative Agent” means Citibank, in its
capacity as administrative agent for the Lenders under this Agreement and the
other Loan Documents, or any successor administrative agent.

“Administrative Agent’s Office” means the
office address, facsimile number, electronic mail address, telephone number and
account information set forth on Schedule 10.01 with respect to the
Administrative Agent or such other address, facsimile number, electronic mail
address, telephone number or account information as shall be designated by the
Administrative Agent in a notice to the Borrower and the Lenders.

“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.  For purposes of
this definition, the term “control” (including the terms “controlling”
and “under common control with”) 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.

“Alternate Base Rate” means, for any day, a
rate per annum equal to the greater of (a) the Base Rate in effect on such day
and (b) the Federal Funds Effective Rate in effect on such day plus 1⁄2 of
1%.  Any change in the Alternate Base
Rate due to a change in the Prime Rate or the Federal Funds Effective Rate
shall be effective from and including the effective date of such change in the
Base Rate or the Federal Funds Effective Rate, respectively.

 1
 

“Applicable Margin” means, with respect to any
Eurodollar Loan, either (i) at any time during which less than 50% of the then
applicable aggregate Commitments are being utilized, the rate per annum set
forth on the Pricing Grid opposite the reference to the applicable Index Debt
Rating under the heading “Applicable Margin” and under the sub-heading “Less
than 50% of the then Applicable Commitments Utilized”, or (ii) at any time
during which 50% or more of the then applicable aggregate Commitments are being
utilized, the rate per annum set forth on the Pricing Grid opposite the
reference to the applicable Index Debt Rating under the heading “Applicable
Margin” and under the sub-heading “50% or More of the then Applicable
Commitments Utilized”; any change in the Applicable Margin resulting from an
Index Debt Rating Change or an aggregate Commitment utilization change shall be
determined in accordance with Schedule 1.01 and shall be effective on the date
of such Index Debt Rating Change or utilization change, as the case may be.

“Applicable Percentage” means, with respect to
any Lender, the percentage (rounded to the ninth decimal) of the total
Commitments in effect at any given time represented by such Lender’s then
applicable Commitment.  If the
Commitments have terminated or expired, the Applicable Percentages shall be
determined based upon the outstanding principal amounts of the Loans made by
the respective Lenders.

“Approved Fund” has the meaning assigned to
such term in Section 10.04.

“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 10.04), and accepted by the
Administrative Agent, in the form of Exhibit B or any other form approved by
the Administrative Agent.

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

“Base Rate” means the rate of interest per
annum publicly announced from time to time by Citibank as its base rate or
prime rate in effect at its principal office in New York City.

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

“Borrower” has the meaning set forth in the
preamble hereto.

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

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

“Bridge Loan Agreement” means the 364-Day
Senior Bridge Loan Agreement (Healthcare Businesses) dated as of the date of
this Agreement among TIGSA, the Borrower, 

 2
 

Tyco International Ltd., Covidien Ltd., the lenders
party thereto, and Citibank, as Administrative Agent.

“Business Day” means any day that is not a
Saturday, Sunday or other day on which commercial banks in New York City are
authorized or required by law to remain closed; provided that, when used
in connection with a Eurodollar Loan, the term “Business Day” shall also
exclude any day on which banks are not open for dealings in dollar deposits in
the London interbank market.

“Change in Law” means (a) the adoption of any
law, rule or regulation after the date of this Agreement, (b) any change in any
law, rule or regulation or in the interpretation or application thereof by any
Governmental Authority after the date of this Agreement or (c) compliance by
any Lender (or, for purposes of Section 9.03(b), by any lending office of
such Lender or by such Lender’s holding company, if any) with any request,
guideline or directive (whether or not having the force of law) of any
Governmental Authority made or issued after the date of this Agreement.

“Citibank” means Citibank, N.A.

“Closing Date” means the date of this
Agreement.

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

“Commitment” means, with respect to each Lender
at any time, the commitment of such Lender to make Loans hereunder, expressed
as an amount representing the maximum aggregate amount of such Lender’s
Revolving Credit Exposure hereunder at such time, as such commitment may be (a)
increased upon the occurrence of the Transition Time pursuant to Section
2.01(b), (b) reduced from time to time pursuant to Section 2.07, and (c)
reduced or increased from time to time pursuant to assignments by or to such
Lender pursuant to Section 10.04. 
The commitment of each Lender described in the previous sentence prior
to the increase of such commitment pursuant to Section 2.01(b) is referred to
as its “Initial Commitment”.  The
total commitment of each Lender subsequent to such increase is referred to as
its “Increased Commitment”).  The
initial amount of each Lender’s Initial Commitment and Increased Commitment is
set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to
which such Lender shall have assumed its Commitment, as applicable.  The initial aggregate amount of the Lenders’
Initial Commitments is $900,000,000, and the initial aggregate amount of the
Lenders’ Increased Commitments is $1,500,000,000.

“Communications” has the meaning assigned to
such term in Section 10.15.

“Compensation Period” has the meaning assigned
to such term in Section 2.05(b).

“Consolidated” refers to the consolidation of
accounts of the Guarantor and its consolidated Subsidiaries in accordance with
GAAP.

 3
 

“Consolidated EBITDA” means, for any fiscal
period, Consolidated Net Income for such period plus the following, to the
extent deducted in calculating such Consolidated Net Income:  (a) Consolidated Interest Expense,
(b) income tax expense, (c) depreciation and amortization expense
(d) any extraordinary expenses or losses, (e) losses on sales of assets
outside of the ordinary course of business and losses from discontinued
operations, (f) any losses on the retirement of debt identified in the
Consolidated statements of cash flows and (g) any other nonrecurring or
non-cash charges (including charges incurred with respect to the Transactions),
and minus, to the extent included in calculating such Consolidated Net Income
for such period, the sum of (a) any extraordinary income or gains, (b)
gains on the sales of assets outside of the ordinary course of business and
gains from discontinued operations, (c) any gains on the retirement of debt
identified in the Consolidated statements of cash flows and (d) any other
nonrecurring or non-cash income, all as determined on a Consolidated basis;
provided that in calculating Consolidated EBITDA the effect of the Cross
Guarantees shall be disregarded.  If
during such period the Guarantor or any Subsidiary shall have made an
acquisition, Consolidated EBITDA for such period shall be calculated after
giving pro forma effect thereto as if such
acquisition occurred on the first day of such period.

“Consolidated Interest Expense” means, for any
fiscal period (without duplication), (a) the Consolidated interest expense
of the Guarantor and its Consolidated Subsidiaries for such period plus
(b) if a Permitted Securitization Transaction outstanding during such
period is accounted for as a sale of accounts receivable, chattel paper,
general intangibles or the like under GAAP, the additional consolidated
interest expense that would have accrued during such period had such Permitted
Securitization Transaction been accounted for as a borrowing during such
period, determined on a Consolidated basis.

“Consolidated Net Income” means, for any fiscal
period, the Consolidated net income of the Guarantor for such period.  For purposes of calculating Consolidated Net
Income (and Consolidated EBITDA) for any period (or portion thereof) ending on
or prior to the Healthcare Spin Distribution, Consolidated Net Income (and
Consolidated EBITDA) shall be determined based on the combined financial
statements as described in Section 3.04(a)(ii) and Section 5.01(b)(ii).

“Consolidated Tangible Assets” means, at any
time, the total assets less all Intangible Assets appearing on the Consolidated
balance sheet of the Guarantor as of the end of the most recently concluded
fiscal quarter of the Guarantor.

“Consolidated Total Debt” means, as of any date
of determination, the aggregate amount of Debt of the Guarantor determined on a
Consolidated basis, as of such date; provided that Guarantees shall be
valued at the amount thereof, if any, reflected on the consolidated balance
sheet of the Guarantor; provided, further that prior to the
Healthcare Spin Distribution, Consolidated Total Debt shall only include Debt
that would be reflected on the combined balance sheet as described in Section
3.04(a)(ii) and Section 5.01(b)(ii);  provided
that if a Permitted Securitization Transaction is outstanding at such date and
is accounted for as a sale of accounts receivable, chattel paper, general
intangibles, or the like, under GAAP, Consolidated Total Debt determined as
aforesaid shall be adjusted to include the additional Debt, determined on a
consolidated basis as of such date, which would have been outstanding at such
date had 

 4
 

such Permitted
Securitization Transaction been accounted for as a borrowing at such date; provided,
further, that Consolidated Total Debt shall not include Debt of a joint
venture, partnership or similar entity which is Guaranteed by the Guarantor or
a Consolidated Subsidiary by virtue of the joint venture, partnership or
similar arrangement with respect to such entity or by operation of applicable
law (and not otherwise) except to the extent that the aggregate outstanding
principal amount of such excluded Debt at such date exceeds $50,000,000; and provided,
further, that Consolidated Total Debt shall not include Cross
Guarantees.

“Credit Agreement (Electronics)” means the
Five-Year Senior Credit Agreement (Electronics) dated as of the Closing Date
among the E Borrower, the Initial Guarantor, the E Guarantor, the lenders party
thereto and Bank of America, N.A., as administrative agent for such lenders.

“Credit Agreement (Topaz)” means the Five-Year
Senior Credit Agreement (Topaz) dated as of the Closing Date among the T
Borrower, the Initial Guarantor, the lenders party thereto and Citibank, N.A.,
as administrative agent for such lenders.

“Cross Guarantees” means the Guarantees by the
Guarantor or its Subsidiaries of obligations of the T Borrower or the E
Borrower or their respective subsidiaries that are listed on Schedule 5.09, to
the extent that the direct obligor with respect to the obligations covered by
such Guarantee guarantees or is otherwise obligated to the payments of such
guaranteed obligation for the benefit of the Guarantor or such Subsidiary.

“Debt” of any Person means, at any date,
without duplication, (a) the principal of all obligations of such Person for borrowed
money; (b) the principal of all obligations of such Person evidenced by bonds,
debentures, notes or similar instruments; (c) all obligations of such Person in
respect of the deferred purchase price of property or services recorded on the
books of such Person (except for (i) trade and similar accounts payable
and accrued expenses, (ii) employee compensation, deferred compensation
and pension obligations, and other obligations arising from employee benefit
programs and agreements or other similar employment arrangements,
(iii) obligations in respect of customer advances received and
(iv) obligations in connection with earnout and holdback agreements, in
each case in the ordinary course of business); (d) any obligation of such
Person to reimburse the issuer of any letter of credit, performance bond,
performance guaranty or bank guaranty issued for the account of such Person
upon which, and only to the extent that, a drawing has been made (or such
reimbursement obligation is otherwise not contingent) and such non-contingent
obligation is not reimbursed within five Business Days; (e) the net capitalized
amount of all obligations of such person as lessee which are capitalized on the
books of such Person in accordance with GAAP; (f) all Debt of others secured by
any Lien on property of such Person, whether or not the Debt secured thereby
has been assumed, but only to the extent of the lesser of the face amount of
the obligation or the fair market value of the assets so subject to the Lien;
and (g) all Guarantees by such Person of Debt of others (except the Guarantor
or any Subsidiary); provided that the term “Debt” shall not include:

(A)          Intercompany Debt (except that, for
the purposes of Sections 5.10 and 5.11, Debt shall include Intercompany Debt);
or

 5
 

(B)           obligations in respect of trade
letters of credit or bank guaranties supporting trade and similar accounts
payable arising in the ordinary course of business, or

(C)           Nonrecourse Debt.

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

“Designated Officer” means the chief executive
officer, president, chief financial officer or treasurer of Tyco Healthcare
Group LP.

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

“E Borrower” means Tyco Electronics Group S.A.,
a Luxembourg company.

“E Guarantor” means Tyco Electronics Ltd., a
Bermuda company.

“Effective Date” means the date on which the
conditions specified in Section 4.01 are satisfied or waived.

“Electronics Spin Distribution” has the meaning
set forth in the definition of “Separation Transactions”.

“Environmental Laws” means all laws, rules,
regulations, codes, ordinances, orders, decrees, judgments, injunctions,
notices or binding agreements issued, promulgated or entered into by any
Governmental Authority, relating in any way to the environment, health, safety
or Hazardous Materials.

“Environmental Liability” means any liability,
contingent or otherwise (including any liability for damages, costs of
environmental remediation, fines, penalties or indemnities), of the Guarantor
or any Subsidiary directly or indirectly resulting from or based upon (a)
violation of any Environmental Law, (b) the generation, use, handling,
transportation, storage, treatment or disposal of any Hazardous Materials, (c)
exposure to any Hazardous Materials, (d) the release or threatened release of
any Hazardous Materials into the environment or (e) any contract, agreement or
other consensual arrangement pursuant to which liability is assumed or imposed
with respect to any of the foregoing.

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

“ERISA Affiliate” means any Person, trade or
business (whether or not incorporated) that, together with the Borrower, is
treated as a single employer under Section 414(b), (c), (m) or (o) of the
Code or Section 4001(b)(3) of ERISA.

“ERISA Event” means (a) any “reportable
event”, as defined in Section 4043 of ERISA or the regulations issued
thereunder with respect to a Plan; (b) the existence with respect to any 

 6
 

Plan of an “accumulated funding deficiency” (as
defined in Section 412 of the Code or Section 302 of ERISA), whether
or not waived; (c) the filing pursuant to Section 412(d) of the Code or
Section 303(d) of ERISA of an application for a waiver of the minimum
funding standard with respect to any Plan; (d) the incurrence by the Guarantor
or any of its ERISA Affiliates of any liability under Title IV of ERISA (other
than payment of PBGC premiums) with respect to the termination of any Plan; (e)
the receipt by the Guarantor or any ERISA Affiliate from the PBGC or a plan
administrator of any notice relating to the PBGC’s intention to terminate any
Plan or Plans or to appoint a trustee to administer any Plan; (f) the
incurrence by the Borrower or any of its ERISA Affiliates of any liability with
respect to the withdrawal or partial withdrawal from any Plan or Multiemployer
Plan; (g) the receipt by the Guarantor or any ERISA Affiliate of any notice, or
the receipt by any Multiemployer Plan from the Guarantor or any ERISA Affiliate
of any notice, concerning the imposition of Withdrawal Liability or a
determination that a Multiemployer Plan is, or is expected to be, insolvent or
in reorganization, within the meaning of Title IV of ERISA; or (h) the failure
to timely make any required contribution or premium payment in respect of any
Plan or contribution in respect of any Multiemployer Plan.

“Eurodollar Reserve Percentage” in respect of
any Lender and for any day during any Interest Period, the reserve percentage
(expressed as a decimal) in effect on such day and applicable to such Lender
under Regulation D promulgated by the Board of Governors of the Federal Reserve
System for determining such Lender’s reserve requirement (including any
emergency, supplemental or other marginal reserve requirement) with respect to “Eurocurrency
liabilities”, as in effect from time to time (“FRB Regulation D”).

“Eurodollar”, when used in reference to any
Loan or Borrowing, means that such Loan, or the Loans comprising such
Borrowing, bear interest at a rate per annum equal to the applicable LIBO Rate
plus the Applicable Margin.

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

“Excluded Taxes” means, with respect to the
Administrative Agent, any Lender or any other recipient of any payment to be
made by or on account of any obligation of any Obligor hereunder, (a) income or
franchise taxes imposed on (or measured by) its net income (other than Taxes
withheld at the source) by the United States of America, or by the jurisdiction
under the laws of which such recipient is organized or in which its principal
office is located or, in the case of any Lender, in which its applicable
lending office is located, (b) any branch profits taxes imposed by the United
States of America or any similar tax imposed by any other jurisdiction in which
the Borrower is located and (c) in the case of a Foreign Lender (other than an
assignee pursuant to a request by the Borrower under Section 10.04(e)),
any United States withholding tax that is imposed on amounts payable to such
Foreign Lender at the time such Foreign Lender becomes a party to this
Agreement (or designates a new lending office) or is attributable to such
Foreign Lender’s failure to comply with Section 9.05(e) (except to the
extent such failure is attributable to a Change in Law, except to the extent
that such Foreign Lender (or its assignor, if any) was entitled, at the time of
designation of a new lending office (or assignment), to receive additional
amounts from either Obligor with respect to such withholding tax pursuant to
Section 9.05(a).

 7
 

“Existing Indenture Covered Default” means any
default or event of default under any of the indentures or notes evidencing the
Existing Indenture Debt (i) that results solely from the Separation
Transactions and (ii) for which borrowings would be available (and at the time
continue to be available) under the Bridge Loan Agreement or the Other Bridge
Loan Agreements to pay in full (a) such Existing Indenture Debt if such
Existing Indenture Debt were accelerated as a result of such default and (b)
any other Existing Indenture Debt which could be accelerated as a result of
such default.

“Existing Indenture Debt” means the Debt of
TIGSA, the Initial Guarantor and subsidiaries of TIGSA, which Debt is
outstanding on the date of this Agreement and is more particularly described on
Schedule A, which, among other things, sets forth the aggregate amount of each
series or tranche of such Debt.

“Existing Tyco Credit Agreements” means each of
(i) the $1,500,000,000 Three-Year Credit Agreement dated as of December 22,
2003, as amended, among TIGSA, the T Guarantor, Bank of America, N.A., as
paying agent, and the other lenders party thereto, and (ii) the $1,000,000,000
Five-Year Credit Agreement dated as of December 16, 2004, as amended, among
TIGSA, the T Guarantor, Bank of America, N.A., as paying agent, and the other
lenders party thereto.

“Facility Fee” has the meaning assigned to such
term in Section 2.10(a)(ii).

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

“Fee Letters” means each of (i) the letter
dated December 20, 2006 between TIGSA (or, on and after assignment of such
letter in connection with the TIGSA Separation, the Borrower) and the
Administrative Agent and (ii) the letter dated December 20, 2006 between
TIGSA (or, on and after assignment of such letter in connection with the TIGSA
Separation, the Borrower) and the Global Coordinators.

“Fitch” means Fitch Investor’s Service, Inc.

“Fitch Rating” means, at any time, the rating
published by Fitch of the Borrower’s Index Debt.

“Foreign Lender” means any Lender that is
organized under the laws of a jurisdiction other than the United States of
America, any State thereof or the District of Columbia.

“Form 10s” means (i) the Form 10 filed by the H
Guarantor with the SEC on January 18, 2007, as amended by the amendment thereto
filed on April 20, 2007, and (ii) the Form 10 filed 

 8
 

by the E Guarantor with the SEC on January 18, 2007,
as amended by the amendment thereto filed on April 20, 2007.

“GAAP” means generally accepted accounting
principles as in effect from time to time in the United States of America.

“Global Coordinators” means Citigroup Global
Markets Inc. and Banc of America Securities LLC in their respective capacities
as global coordinators.

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

“Granting Lender” has
the meaning assigned to such term in Section 10.04(g).

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

“Guarantor” means, until the Transition Time,
the Initial Guarantor, and from and after the Transition Time, the H Guarantor.

“Guarantor Assumption Agreement” means an
assignment and assumption agreement entered into between the Initial Guarantor
and the H Guarantor substantially in the form of Exhibit E.

“Guarantor Assumption Opinions” means a written
opinion (addressed to the Administrative Agent and the Lenders and dated the
date of the Guarantor Assumption Agreement) of (i) Appleby Hunter
Bailhache, special Bermudian counsel of the H Guarantor, substantially in the
form attached as Exhibit F-1 and (ii) Gibson, Dunn & Crutcher
LLP, special New York counsel of the H Guarantor, substantially in the form
attached as Exhibit F-2, in each case with such changes to such forms as may be
approved by the Administrative Agent.

 9
 

“H Guarantor” has the meaning set forth in the
preamble hereto.

“Hazardous Materials” means all explosive or
radioactive substances or wastes and all hazardous or toxic substances, wastes
or other pollutants, including petroleum or petroleum distillates, asbestos or
asbestos containing materials, polychlorinated biphenyls, radon gas, infectious
or medical wastes.

“Healthcare Registration Statement” has the
meaning set forth in Section 3.04(a).

“Healthcare Spin Distribution” has the meaning
set forth in the definition of “Separation Transactions”.

“Increased Commitment” has the meaning set
forth in the definition of the term “Commitment”.

“Indemnified Taxes” means Taxes other than
Excluded Taxes.

“Index Debt” means senior, unsecured, long-term
indebtedness for borrowed money of the Borrower that is not guaranteed by any
other Person other than the Guarantor or subject to any other credit
enhancement.

“Index Debt Rating” means the S&P Rating,
the Moody’s Rating and the Fitch Rating.

“Index Debt Rating Change” means a change in
the S&P Rating, the Moody’s Rating or the Fitch Rating that results in a
change from one Index Debt Rating category to another on the Pricing Grid in
accordance with the provisions of Schedule 1.01, each Index Debt Rating Change
to be deemed to take effect on the date on which the relevant change in rating
is first publicly announced by S&P, Moody’s or Fitch, as the case may be.

“Initial Commitment” has the meaning set forth
in the definition of the term “Commitment”.

“Initial Guarantor” has the meaning set forth
in the preamble hereto.

“Intangible Assets” means, at any date, the
amount (if any) stated under the heading “Goodwill and Other Intangible assets,
net” or under any other heading relating to intangible assets separately
listed, in each case, on the face of a balance sheet of the Guarantor prepared
on a Consolidated basis as of such date.

“Intercompany Debt” means (i) indebtedness
of the Guarantor owed to a Subsidiary and (ii) indebtedness of a
Subsidiary owed to the Guarantor or another Subsidiary.

“Interest Election Request” means a request by
the Borrower to convert or continue a Borrowing in accordance with
Section 2.06.

“Interest Payment Date” means (a) with respect
to any ABR Loan, the last Business Day of each March, June, September and
December and (b) with respect to any Eurodollar Loan, the 

 10
 

last day of the Interest Period applicable to the
Borrowing of which such Loan is a part; provided that, if an Interest Period
for a Eurodollar Borrowing is of more than three months’ duration, each day
within such Interest Period that occurs at intervals of three months’ duration
after the first day of such Interest Period shall also be an Interest Payment
Date.

“Interest Period” means with respect to any
Eurodollar Borrowing, the period commencing on the date of such Borrowing and
ending on the date that is one, two, three or six months thereafter, as the
Borrower may elect, upon notice received by the Administrative Agent not later
than 11:00 a.m. (New York City time) on the third Business Day prior to the
first day of such Interest Period, or such other period as requested by the
Borrower and agreed to by all the Lenders in accordance with Section 2.03(b); 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;

(ii)         any Interest Period
of one or more whole months 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; and

(iii)        the Borrower may not
select any Interest Period that may end after the Maturity Date.

For purposes hereof, the
date of a Borrowing initially shall be the date on which such Borrowing is made
and thereafter shall be the effective date of the most recent conversion or
continuation of such Borrowing.

“Lenders” means the Persons listed on
Schedule 2.01 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.

“LIBO Rate”
means, with respect to any Eurodollar Borrowing for any Interest Period, the
British Bankers Association London Interbank Offered Rate (“BBA LIBOR”),
as it is published by Reuters or any successor to or substitute for such
service, providing rate quotations of BBA LIBOR, as determined by the
Administrative Agent from time to time for purposes of providing quotations of
interest rates applicable to dollar deposits in the London interbank market) at
approximately 11:00 a.m., London time, two Business Days prior to the
commencement of such Interest Period, as the rate for dollar deposits with a
maturity comparable to such Interest Period. 
In the event that such rate is not available at such time for any
reason, then the “LIBO Rate” with respect to such Eurodollar Borrowing
for such Interest Period shall be the rate at which dollar deposits of
$10,000,000 and for a maturity comparable to such Interest Period are offered
by the principal London office of the Administrative Agent in immediately
available funds in the London interbank market at approximately 11:00 a.m.,
London time, two Business Days prior to the commencement of such Interest
Period.

 11

“Lien” means, with respect to any asset, any
mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or
security interest in, on or of such asset, including the interest of a vendor
or a lessor under any conditional sale agreement, capital lease or title
retention agreement.

“Loan Documents” means this Agreement, each
Note (if any), the Guarantor Assumption Agreement, the Fee Letters and each
Subsidiary Guaranty (if any).

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

“Material Adverse Effect” means a material
adverse effect on (a) the Consolidated financial condition, business or
operations of the Guarantor and its Subsidiaries taken as a whole, (b) the
ability of the Obligors to perform their obligations under the Loan Documents
or (c) the rights and remedies of the Administrative Agent and the Lenders
under the Loan Documents.

“Material Debt” means Debt (other than Loans or
other Debt under this Agreement) of any one or more of the Guarantor and its
Subsidiaries in an aggregate principal amount exceeding $50,000,000.

“Maturity Date” means April 25, 2012; provided
that, if the Transition Time shall not have occurred within 364 days of the
Closing Date, then the term “Maturity Date” shall mean December 16,
2009.

“Moody’s” means Moody’s Investors Service, Inc.
and any successor to its business of rating debt securities.

“Moody’s Rating” means, at any time, the rating
published by Moody’s of the Borrower’s Index Debt.

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

“Nonrecourse Debt” means, at any time, all Debt
of Subsidiaries (and all other Persons which are consolidated on the Guarantor’s
financial statements in accordance with GAAP (such Subsidiaries or other
Persons a “Consolidated Person”)) of the Guarantor outstanding at such
time incurred on terms that recourse may be had to such Consolidated Person
only by enforcing the lender’s default remedies with respect to specific assets
which constitute collateral security for such Debt and not by way of action
against such Consolidated Person (nor against the Guarantor or such other
Consolidated Person of the Guarantor) as a general obligor in respect of such
Debt (subject to, for the avoidance of doubt, customary exceptions contained in
non-recourse financings to the non-recourse nature of the obligations
thereunder).

“Note” means a promissory note substantially in
the form of Exhibit A made by the Borrower in favor of a Lender evidencing
Loans made by such Lender, to the extent requested by such Lender pursuant to
Section 2.08(e).

 12
 

“Obligors” means the Borrower and the
Guarantor.

“Other Bridge Loan Agreements” means (a) the
364-Day Senior Bridge Loan Agreement (Electronics Businesses) dated as of the
date of this Agreement among TIGSA, the E Borrower, the Initial Guarantor, the
E Guarantor, the lenders party thereto, and Bank of America, N.A., as
Administrative Agent and (b) the 364-Day Senior Bridge Loan Agreement (Fire
& Safety and Engineered Products Businesses) dated as of the date of this
Agreement among TIGSA, the T Borrower, the Initial Guarantor, the lenders party
thereto, and Citibank, N.A., as Administrative Agent.

“Other Credit Agreements” means the Credit
Agreement (Electronics) and the Credit Agreement (Topaz).

“Other Taxes” means any and all present or
future, stamp or documentary taxes or any other excise or property taxes,
charges or similar levies (together with any addition to tax, penalty, fine or
interest thereon) arising from any payment made under any Loan Document or from
the execution, delivery or enforcement of, or otherwise with respect to, any
Loan Document.

“Participant” has the meaning assigned to such
term in Section 10.04.

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

“Permitted Acquired Debt” means Debt of a
Person that exists at the time such Person becomes a Subsidiary or at the time
the Guarantor or a Subsidiary acquires all or substantially all of the assets
of such Person if such Debt is assumed by the Guarantor or such Subsidiary and
was not created in contemplation of any such event (“Acquired Debt”) and
any Refinancing thereof; provided if such Acquired Debt is Refinanced,
it shall constitute Permitted Acquired Debt only if the Borrower is the obligor
thereunder.

“Permitted
Securitization Transaction”  means any sale
or sales of any accounts receivable, general intangibles, chattel paper or
other financial assets and related rights and assets of the Guarantor and/or
any of its Subsidiaries, and financing secured by the assets so sold, pursuant
to which the Guarantor and its Subsidiaries realize aggregate net proceeds of
not more than $250,000,000, including, without limitation, any revolving
purchase(s) of such assets where the maximum aggregate uncollected purchase
price (exclusive of any deferred purchase price) therefor does not exceed
$250,000,000.

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

“Plan” means any employee pension benefit plan
(other than a Multiemployer Plan) subject to the provisions of Title IV of
ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of
which the Borrower or any ERISA Affiliate is (or, if such plan were 

 13
 

terminated, would under Section 4069 of ERISA be
deemed to be) an “employer” as defined in Section 3(5) of ERISA.

“Platform” has the meaning assigned to such
term in Section 10.15.

“Preferred Stock” means any preferred and/or
redeemable capital stock of the Guarantor or any Subsidiary, as the case may
be, that, by its terms (or by the terms of any security into which it is
convertible or for which it is exchangeable at the option of the holder
thereof), or upon the happening of any event, matures or is mandatorily
redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable
at the option of the holder, in whole or in part, on or prior to the Maturity
Date.

“Pricing Grid” means the Pricing Grid and the
conventions for determining pricing as set forth on Schedule 1.01.

“Refinancing” means, with respect to any
financing, any instrument or agreement amending, restating, supplementing,
extending, renewing, refunding, refinancing, replacing or otherwise modifying,
in whole or in part, the documents governing such financing (and “Refinance”
shall have a correlative meaning).

“Register” has the meaning assigned to such
term in Section 10.04.

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

“Reportable Action” means any action, suit or
proceeding or investigation before any court, arbitrator or other governmental
body against the Guarantor or any of its Subsidiaries or any ERISA Event, in
each case in which there is a reasonable possibility of an adverse
determination that could reasonably be expected to have a Material Adverse
Effect.

“Required Lenders” means, at any time, Lenders
(not including the Borrower or any of its Affiliates) having aggregate
Applicable Percentages in excess of 50% at such time.

“Responsible Officer” means any of the
following:  (i) the Chief Executive
Officer, President, Vice President and Chief Financial Officer, Treasurer or
Secretary of the Guarantor or (ii) the Chief Executive Officer, President,
Vice President and Chief Financial Officer, Treasurer or Secretary of the Borrower
or a Managing Director of the Borrower.

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

“S&P” means Standard & Poor’s Ratings
Services, a division of The McGraw-Hill Companies, Inc. and any successor to
its business of rating debt securities.

“S&P Rating” means, at any time, the rating
published by S&P of the Borrower’s Index Debt.

 14
 

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

“Separation Pro Formas” has the meaning
assigned to such term in Section 3.04(a).

“Separation Transactions” means the series of
transactions pursuant to which the assets, liabilities and businesses owned,
directly or indirectly, by the Initial Guarantor and TIGSA are being allocated
among the T Guarantor and its Subsidiaries (including the
T Borrower), the E Guarantor and its Subsidiaries (including the
E Borrower) and the H Guarantor and its Subsidiaries (including the
Borrower).  The steps of the Separation
Transactions will include, among others, (i) the contribution of the assets,
liabilities and businesses of TIGSA to the Borrower (in the case of the
healthcare businesses of TIGSA and assets and liabilities relating thereto),
the E Borrower (in the case of the electronics businesses of TIGSA and assets
and liabilities relating thereto) and the T Borrower (in the case of the fire
& security and engineered products businesses of TIGSA and assets and
liabilities relating thereto) (such transactions, the “TIGSA Separation”), and
the liquidation of TIGSA and liquidating distribution in connection therewith
of the shares of the H Guarantor, the E Guarantor and the T Borrower to the
Initial Guarantor; and (ii) after the TIGSA Separation, the distributions by
the Initial Guarantor to its shareholders of the shares of (x) the H Guarantor
(the “Healthcare Spin Distribution”) and the E Guarantor (the “Electronics
Spin Distribution”; and together with the Healthcare Spin Distribution, the
“Spin Distributions”), with the Initial Guarantor to remain the direct
parent of the T Borrower.

“Significant Subsidiary” means, at any date,
any Subsidiary which, including its subsidiaries, meets any of the following
conditions:

(i)          the proportionate
share attributable to such Subsidiary of the total assets of the Guarantor
(after intercompany eliminations) exceeds 15% of the total assets of the
Guarantor, determined on a Consolidated basis as of the end of the most
recently completed fiscal year; or

(ii)         the Guarantor’s and
its Subsidiaries’ equity in the income of such Subsidiary from continuing
operations before income taxes, extraordinary items and cumulative effect of a
change in accounting principles exceeds 15% of Consolidated income of the
Guarantor from continuing operations before income taxes, any loss on the
retirement of debt, extraordinary items, cumulative effect of a change in
accounting principles, and before any impairment charges, determined for the
most recently completed fiscal year.

For the avoidance of doubt, the Borrower shall at all times be deemed a
“Significant Subsidiary”.

“SPC” has the meaning
assigned to such term in Section 10.04(g).

“Spin Distributions” has the meaning set forth
in the definition of “Separation Transactions”.

 15
 

“Spin-off Agreements” means (a) the Separation
and Distribution Agreement to be entered into among the T Guarantor, the H
Guarantor and the E Guarantor and (b) the Tax Sharing Agreement to be entered
into among the T Guarantor, the H Guarantor and the E Guarantor, of which final
forms shall be publicly filed with the SEC.

“Stock” means, with respect to any Person, any
capital stock or equity securities of or other ownership interests in such
Person.

“Stock Equivalents” means, with respect to any
Person, options, warrants, calls or other rights entered into or issued by such
Person to acquire any Stock of, or securities convertible into or exchangeable
for Stock of, such Person.

“subsidiary” of a Person means a corporation,
partnership, joint venture, limited liability company or other entity of which
a majority of the shares of securities or other interests having ordinary
voting power for the election of directors or other governing body (other than
securities or interests having such power only by reason of the happening of a
contingency) are at the time beneficially owned, or the management of which is
otherwise controlled, directly, or indirectly through one or more
intermediaries, or both, by such Person.

“Subsidiary” means any subsidiary of the
Guarantor.

“Subsidiary Guarantor” means each Subsidiary
that has executed a Subsidiary Guaranty pursuant to Section 5.12.

“Subsidiary Guaranty” means a guaranty entered
into by a Subsidiary in substantially the form of Exhibit D, with any such
modifications to such form as may be necessary or advisable and customary under
the local law of the jurisdiction of organization of the relevant Subsidiary,
in the judgment of the Obligors.

“T Borrower” means Tyco International Finance
S.A., a Luxembourg company.

“T Guarantor” means the Initial Guarantor.

“Taxes” means any and all present or future
taxes, levies, imposts, duties, deductions, charges or withholdings imposed or
asserted by any Governmental Authority, together with any addition to tax,
penalty, fine or interest thereon.

“TIGSA” means Tyco International Group S.A., a
Luxembourg company.

“TIGSA Separation” has the meaning set forth in
the definition of “Separation Transactions”.

“Transactions” means the execution, delivery
and performance by the Obligors of this Agreement and the other Loan Documents,
the borrowing of Loans and the use of the proceeds thereof.

 16
 

“Transition Time” means the time of the
consummation of the Healthcare Spin Distribution (provided that the conditions
set forth in Section 5.08(b) shall have been satisfied).

“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 LIBO Rate or the
Alternate Base Rate.

“Upfront Fee” has the meaning assigned to such
term in Section 2.10(a)(i).

“Wholly-Owned Consolidated Subsidiary” means
any Consolidated Subsidiary all of the shares of capital stock or other
ownership interests of which (except directors’ qualifying shares and
investments by foreign nationals mandated by applicable law) are at the time
beneficially owned, directly or indirectly, by the Guarantor.

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

Section
1.02         Classification of Loans and Borrowings.  For purposes of this Agreement and the other
Loan Documents, Loans or Borrowings may be classified and referred to by Type
(e.g., a “Eurodollar Loan” or an “ABR Borrowing”).

Section
1.03         Terms Generally.  With
reference to this Agreement and each other Loan Document, unless otherwise
specified herein or in such other Loan Document:

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

Section
1.04         Accounting Terms; GAAP.  Except as otherwise expressly provided
herein, all terms of an accounting or financial nature shall be construed in
accordance with GAAP, as in effect from time to time; provided that, if
the Borrower notifies the 

 17
 

Administrative Agent that the Borrower
requests an amendment to any provision hereof to eliminate the effect of any
change occurring after the date hereof in GAAP or in the application thereof on
the operation of such provision, regardless of whether any such notice is given
before or after such change in GAAP or in the application thereof, then
(i) the Administrative Agent, the Lenders and the Borrower shall negotiate
in good faith to amend such provision to preserve the original intent thereof
in light of such change in GAAP (subject to the approval of the Required
Lenders) and (ii) 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.

ARTICLE
II

The
Credits

Section
2.01         Commitments.

(a)           Subject
to the terms and conditions set forth herein, each Lender agrees to make Loans
to the Borrower from time to time during the Availability Period in an
aggregate principal amount that will not result in (i) such Lender’s Revolving
Credit Exposure exceeding such Lender’s then applicable Commitment or (ii) the
total Revolving Credit Exposures exceeding the then applicable total
Commitments.  Within the foregoing limits
and subject to the terms and conditions set forth herein, the Borrower may
borrow, prepay and reborrow Loans.

(b)           Prior
to the Transition Time, the Commitment of each Lender in effect shall be its
Initial Commitment.  Upon the Transition
Time, but only to the extent that the Transition Time occurs within 364 days of
the Closing Date, each Lender’s Commitment shall automatically be increased to
its Increased Commitment.  If the
Transition Time shall fail to occur within 364 days of the Closing Date, then
the Commitment of each Lender shall remain its Initial Commitment for the
duration of the Availability Period and the Increased Commitment of each Lender
shall automatically terminate.

Section
2.02         Loans and Borrowings.

(a)           Each
Loan shall be made as part of a Borrowing consisting of Loans made by the
Lenders ratably in accordance with their then applicable 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.

(b)           Subject
to Section 9.03, each Borrowing shall be comprised entirely of ABR Loans
or 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 or result in any obligations of the
Borrower to pay additional amounts under Section 9.03 or 9.05.

 18
 

(c)           At the commencement of each Interest
Period for any Eurodollar Borrowing, and at the time each ABR Borrowing is
made, such Borrowing shall be in an aggregate amount that is an integral
multiple of $1,000,000 and not less than $10,000,000 (except that any such
Borrowing may be in the aggregate amount that is equal to the entire unused
balance of the total Commitments). Borrowings of more than one Type may be
outstanding at the same time; provided that there shall not be more than
a total of 10 Eurodollar Borrowings outstanding at the same time.

Section
2.03         Requests for Borrowings.

(a)           To
request a Borrowing, the Borrower shall notify the Administrative Agent of such
request by telephone, facsimile or electronic mail (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 (except as provided in
Section 2.03(b)) or (ii) in the case of an ABR Borrowing, not later than 11:00
a.m., New York City time, on the date of the proposed Borrowing.  Each Borrowing Request shall be irrevocable
and if made telephonically, shall be confirmed promptly, by hand delivery,
facsimile or electronic mail of a written Borrowing Request in a form approved
by the Administrative Agent, and be executed by a Managing Director of the
Borrower or another authorized borrowing representative of the Borrower, as
notified by the Borrower to the Administrative Agent from time to time.  Each such telephonic and written Borrowing
Request shall specify the following information in compliance with
Section 2.02:

(i)          the aggregate amount
of the requested Borrowing;

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

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

(iv)       in the case of a
Eurodollar Borrowing, the initial Interest Period to be applicable thereto,
which shall be a period contemplated by the definition of the term “Interest
Period”; 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 2.05.

If no election as to the Type of 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, then the Borrower shall be deemed to have selected an
Interest Period of one month’s duration. 
Promptly following receipt of a 
Borrowing Request in accordance with this Section, the 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.

(b)           The
Borrower may request a Eurodollar Borrowing having an Interest Period other
than one, two, three or six months in duration as provided in the definition of

 19
 

“Interest Period” by notifying the Administrative Agent not
later than 11:00 a.m., New York City time, four Business Days prior to the
requested date of such Borrowing having such Interest Period, whereupon the
Administrative Agent shall give prompt notice to the Lenders of such request
and determine whether the requested Interest Period is acceptable to all of
them; and not later than 8:00 a.m., New York City time, on the Business
Day after receiving such request from the Borrower, the Administrative Agent
shall notify the Borrower whether or not the requested Interest Period has been
agreed to by all the Lenders.  If such
requested Interest Period is so approved by all of the Lenders, the Borrower
may thereafter from time to time elect to make Borrowing Requests under
Section 2.03(a) and Interest Election Requests under Section 2.06(c)
designating such Interest Period, until the Administrative Agent notifies the
Borrower that the Required Lenders have elected to revoke such approval.

Section
2.04         [Intentionally Omitted].

Section
2.05         Funding of Borrowings.

(a)           Each
Lender shall make each Loan to be made by it hereunder on the proposed date
thereof by wire transfer of immediately available funds by 1:00 p.m., New York
City time, to the account of the Administrative Agent most recently designated
by it for such purpose by notice to the Lenders.  Upon satisfaction of the applicable
conditions set forth in Section 4.02 (and, if such Borrowing is the initial
Borrowing, Section 4.01), the Administrative Agent will make all funds so
received available to the Borrower in like funds as received by the
Administrative Agent either by (i) crediting the amounts so received, in like
funds, to an account of the Borrower maintained with the Administrative Agent
in New York City or (ii) wire transfer of such funds, in each case in
accordance with instructions provided to the Administrative Agent in the
applicable Borrowing Request.

(b)           Unless
the Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Borrowing that such Lender will not make available to the
Administrative Agent such Lender’s share of such Borrowing, or by 12:00 p.m.
New York City time on the proposed date of such Borrowing, in the case of ABR
Borrowings, 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.  If and to the
extent that such Lender did not make available such Lender’s share of such
Borrowing, then such Lender shall forthwith on demand pay to the Administrative
Agent the amount thereof in immediately available funds, together with interest
thereon for the period  from the date
such amount was made available by the Administrative Agent to the Borrower to
the date such amount is recovered by the Administrative Agent (the “Compensation
Period”) at a rate per annum equal to the Federal Funds Effective Rate from
time to time in effect plus the Administrative Agent’s standard processing fee
for interbank compensation.  If such
Lender pays such amount to the Administrative Agent, then such amount shall
constitute such Lender’s Loan included in the applicable Borrowing.  If such Lender does not pay such amount
forthwith upon the Administrative Agent’s demand therefor, the Administrative
Agent may make a demand therefor upon the Borrower, and the Borrower shall pay
such amount to the Administrative Agent, together with the interest thereon for
the Compensation Period at a rate per annum equal to the 

 20
 

rate of interest applicable to the applicable Borrowing.  Nothing herein shall be deemed to relieve any
Lender from its obligation to fulfill its Commitment or to prejudice any rights
which the Administrative Agent or the Borrower may have against any Lender as a
result of any default by such Lender hereunder.

Section
2.06         Interest Elections.

(a)           Each
Borrowing initially shall be of the Type specified in the applicable Borrowing
Request and, in the case of a Eurodollar Borrowing, shall have an initial
Interest Period as specified in such Borrowing Request.  Thereafter, the Borrower may elect to convert
such Borrowing to a different Type or to continue such Borrowing and, in the
case of a Eurodollar Borrowing, may elect Interest Periods 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)           To
make an election pursuant to this Section, the Borrower shall notify the
Administrative Agent of such election by telephone, facsimile or electronic
mail 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 and, if made telephonically, shall be confirmed
promptly in a signed notice by hand delivery, facsimile or electronic mail to
the Administrative Agent of a written Interest Election Request in a form
approved by the Administrative Agent.

(c)           Each
telephonic and written 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 to be applicable
thereto after giving effect to such election, which shall be a period
contemplated by the definition of the term “Interest Period”, subject to
Section 2.03(b).

 21
 

If any such Interest
Election Request requests a Eurodollar Borrowing but does not specify an
Interest Period, then the Borrower shall be deemed to have selected an Interest
Period of one month’s duration.

(d)           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)           If
the Borrower fails to deliver a timely Interest Election Request with respect
to a Eurodollar Borrowing prior to the end of the Interest Period applicable
thereto, then, unless such Borrowing is repaid as provided herein, at the end
of such Interest Period such Borrowing shall be converted to an ABR
Borrowing.  Notwithstanding any contrary
provision hereof, if an Event of Default under clause (a) or (b) of Article VI
has occurred and is continuing and the Administrative Agent, at the request of
the Required Lenders, so notifies the Borrower, then, so long as such 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 applicable thereto.

Section
2.07         Termination and Reduction of
Commitments.

(a)           Unless
previously terminated, the Commitments shall terminate on the Maturity Date.

(b)           The
Borrower may at any time terminate, or from time to time reduce, the
Commitments; provided that (i) each reduction of the Commitments
shall be in an amount that is an integral multiple of $1,000,000 and not less
than $10,000,000 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 2.09, the total Revolving Credit Exposures
would exceed the total Commitments.

(c)           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, 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, 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. 
Promptly following receipt of any notice, the Administrative Agent shall
advise the Lenders of the contents thereof. 
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.

 22

Section
2.08         Repayment of Loans; Evidence
of Debt.

(a)           The
Borrower hereby unconditionally promises to pay to the Administrative Agent for
the account of each Lender the then unpaid principal amount of each Loan on the
Maturity Date.

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

(d)           The
entries made in the accounts maintained pursuant to paragraph (b) or (c) of
this Section shall be prima facie evidence of the existence and amounts of
the obligations recorded therein; provided that the failure of any
Lender or the Administrative Agent to maintain such accounts 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 or the other Loan
Documents.

(e)           Any
Lender may request that Loans made by it be evidenced by a Note.  In such event, the Borrower shall prepare,
execute and deliver to such Lender a Note payable to the order of such Lender
(or, if requested by such Lender, to such Lender and its registered assigns).  Thereafter, the Loans evidenced by such Note
and interest thereon shall at all times (including after assignment pursuant to
Section 10.04) be represented by one or more Notes payable to the order of
the payee named therein (or, if such Note is a registered note, to such payee
and its registered assigns).

Section
2.09         Prepayment of Loans.

(a)           The
Borrower shall have the right at any time and from time to time to prepay any
Borrowing in whole or in part subject to prior notice in accordance with
paragraph (b) of this Section.

(b)           The
Borrower shall notify the Administrative 
Agent by telephone (confirmed in a signed notice sent by facsimile or
electronic mail) of any prepayment hereunder (i) in the case of prepayment
of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three
Business Days before the date of prepayment, or (ii) in the case of
prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time,
on the date of prepayment.  Each such
notice shall specify the prepayment date and the principal amount of each
Borrowing or portion thereof to be prepaid provided that, if a notice of
optional prepayment is given in connection with a conditional notice of
termination of the Commitments as 

 23
 

contemplated by Section 2.07(c), then such notice of prepayment
may be revoked if such notice of termination is revoked in accordance with
Section 2.07(c).  Promptly following
receipt of any such notice relating to a Borrowing, 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 an advance of a
Borrowing of the same Type as provided in Section 2.02(c).  Each prepayment of a Borrowing shall be
applied ratably to the Loans included in the prepaid Borrowing.  Prepayments shall be accompanied by accrued
interest to the extent required by Section 2.11 and break funding payments
to the extent required by Section 9.04.

Section
2.10         Fees.

(a)           The
Borrower agrees to pay to the Administrative Agent for the account of each
Lender the following fees:

(i)          on the Closing Date,
an upfront fee in an amount equal to the product of (x) such Lender’s Increased
Commitment amount, multiplied by (y) the rate set forth on the Pricing Grid
opposite the applicable Index Debt Rating as of the Closing Date under the
heading “Upfront Fee” (the “Upfront Fee”).

(ii)         a facility fee, which
shall accrue on the daily amount of the then applicable Commitment of such
Lender (whether used or unused) during the period from and including the
earlier of the Effective Date and the date that is 45 days following the
Closing Date to but excluding the date on which such Commitment terminates, at
the rate per annum set forth on the Pricing Grid opposite the reference to the
applicable Index Debt Rating under the heading “Applicable Facility Fee Rate”
(the “Facility Fee”); provided that, if such Lender continues to
have any Revolving Credit Exposure after its Commitment terminates, then such
Facility Fee shall continue to accrue on the daily amount of such Lender’s Revolving
Credit Exposure from and including the date on which its Commitment terminates
to but excluding the date on which such Lender ceases to have any Revolving
Credit Exposure.  Facility Fees accrued
through and including the last Business Day of March, June, September and
December of each year shall be payable on each such last day, commencing on the
first such date to occur after the date hereof; 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.

(b)           The
Borrower agrees to pay to the Administrative Agent and the Global Coordinators,
for their own accounts, the fees payable in the amounts and at the times agreed
in the Fee Letters.  Such fees shall be
fully earned when paid and shall not be refundable for any reason whatsoever.

(c)           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 Upfront
Fees and Facility Fees, to the Lenders. 
Fees paid shall not be refundable under any circumstances.

 24
 

 

Section
2.11         Interest.

(a)           The
Loans comprising each ABR Borrowing shall bear interest at the Alternate Base
Rate.

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

(c)           Notwithstanding
the foregoing, if any principal of or interest on any Loan or any fee or other amount
payable by the Borrower under any Loan Document is not paid when due, whether
at stated maturity, upon acceleration or otherwise, such overdue amount shall
bear interest, after as well as before judgment, at a rate per annum equal to
(i) in the case of overdue principal of any Loan, 2% plus the rate
otherwise applicable to such Loan as provided in the preceding paragraphs of
this Section or (ii) in the case of any other amount, 2% plus the
rate applicable to ABR Loans as provided in paragraph (a) of this Section.

(d)           Accrued
interest on each Loan shall be payable in arrears on each Interest Payment Date
for such Loan and upon termination of the Commitments; 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 (other than a prepayment of an ABR Loan prior to the end of the
Availability Period), accrued interest on the principal amount repaid or
prepaid shall be payable on the date of such repayment or prepayment and
(iii) in the event of any conversion of any Eurodollar Loan prior to the
end of the current Interest Period therefor, accrued interest on such Loan
shall be payable on the effective date of such conversion.

Section
2.12         Calculation of Interest and
Fees.

(a)           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 Base 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 LIBO Rate shall be determined by the
Administrative Agent, and such determination shall be conclusive absent
manifest error.

(b)           All fees hereunder 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).

Section
2.13         Payments Generally; Pro Rata
Treatment; Sharing of Set-offs.

(a)           The
Borrower shall make each payment required to be made by it hereunder (whether
of principal, interest or fees, or of amounts payable under Section 9.03,
9.04 or 9.05, or otherwise) prior to 2:00 p.m., New York City time, on the date
when due, in immediately available funds, without set off or counterclaim.  Any amounts received after such time on any date
may, in the discretion of the Administrative Agent, be deemed to have been 

 25
 

received on the next succeeding Business Day for purposes of
calculating interest thereon; provided that no amount shall be deemed to
have been received on the next succeeding Business Day if the Borrower provides
the Administrative Agent with written confirmation of a Federal Reserve Bank
reference number no later than 4:00 p.m. on the date when due.  All such payments shall be made to the
Administrative Agent at the Administrative Agent’s Office, except that payments
pursuant to Sections 9.03, 9.04, 9.05 and 10.03 shall be made directly to the
Persons entitled thereto.  The
Administrative Agent shall distribute any such payments received by it for the
account of any other Person to the appropriate recipient promptly following
receipt thereof.  If any payment
hereunder shall be due on a day that is not a Business Day, the date for
payment shall be extended to the next succeeding Business Day, and, in the case
of any payment accruing interest, interest thereon shall be payable for the
period of such extension.  All payments
under this Agreement and the other Loan Documents shall be made in dollars in
New York, New York.

(b)           If
at any time insufficient funds are received by and available to the
Administrative Agent to pay fully all amounts of principal, interest and fees
then due hereunder, such funds shall be applied (i) first, towards payment
of 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, towards payment of principal then due hereunder,
ratably among the parties entitled thereto in accordance with the amounts of
principal then due to such parties.

(c)           If
any Lender shall, by exercising any right of set off or counterclaim or
otherwise, obtain payment in respect of any principal of or interest on any of
its Loans or other obligations hereunder resulting in such Lender receiving
payment of a proportion of the aggregate amount of its Loans and accrued
interest thereon or such other 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 that 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 any payment made by the Borrower pursuant to and in
accordance with the express terms of this Agreement or any payment obtained by
a Lender as consideration for the assignment of or sale of a participation in
any of its Loans to any assignee or participant, other than to the Borrower or
any Subsidiary thereof (as to which the provisions of this paragraph shall
apply).  The Borrower and the Guarantor
each consent to the foregoing and each agree, 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 and the
Guarantor rights of setoff and counterclaim with respect to such participation
as fully as if such Lender were a direct creditor of the Borrower or the
Guarantor in the amount of such participation.

 26
 

(d)           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 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
the amount due.  In such event, if the
Borrower has not in fact made such payment, then each of the Lenders severally
agrees to repay to the Administrative Agent forthwith on demand the amount so
distributed to such Lender 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.

(e)           If
any Lender shall fail to make any payment required to be made by it pursuant to
Section 2.05(b) or 2.13(d), then the Administrative Agent may, in its
discretion (notwithstanding any contrary provision hereof), apply any amounts
thereafter received by the Administrative Agent for the account of such Lender
to satisfy such Lender’s obligations under such Sections until all such
unsatisfied obligations are fully paid.

ARTICLE
III

Representations
and Warranties

Each Obligor represents and warrants to the
Administrative Agent and the Lenders that:

Section
3.01         Organization; Powers. 
Each Obligor is a company duly organized or formed and validly existing
under the laws of its jurisdiction of organization or formation.  Each Obligor has all corporate powers and all
governmental licenses, authorizations, consents and approvals required to carry
on its business as now conducted, except to the extent that failure to have any
such power or governmental license, authorization, consent or approval could
not, based upon the facts and circumstances in existence at the time this
representation and warranty is made or deemed made, reasonably be expected to
have a Material Adverse Effect.

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

Section
3.03         Governmental Approvals; No Conflicts.  The Transactions (a) do not require any
consent or approval of, registration or filing with, or any other action by,
any Governmental Authority, except such as have been obtained or made and are
in full force and effect, (b) will not violate, contravene, or constitute a
default under any provision of (i) any applicable law or regulation, (ii) the
charter, by-laws or other organizational documents of such 

 27
 

Obligor, (iii) any order, judgment, decree or
injunction of any Governmental Authority, (iv) any agreement or instrument
evidencing or governing Debt of such Obligor, except for any contravention or
default under any such agreement or instrument evidencing or governing such
Debt in an aggregate principal amount, individually or in the aggregate for all
such agreements or instruments in respect of which there is a contravention or
default, not in excess of $25,000,000 or (v) any other material agreement or
instrument binding upon such Obligor or its assets.

Section
3.04         Financial Condition; No
Material Adverse Change.

(a)           The
Guarantor has heretofore furnished to the Administrative Agent (i) its
Consolidated balance sheet and statements of income, shareholders equity and
cash flows, as and for the fiscal year ended September 29, 2006, reported on by
Deloitte & Touche LLP, independent public accountants, (ii) the
combined balance sheet and statements of income of certain healthcare related
subsidiaries and businesses of the Guarantor, as described in the Healthcare
Registration Statement, as of and for the fiscal year ended September 29, 2006,
reported on by Deloitte & Touche LLP, independent public accountants and
(iii) its pro forma combined balance sheet and
statements of income as of such date or for such period, adjusted to give pro forma effect to the consummation of the Separation
Transactions, certified by its chief financial officer (the “Separation Pro
Forma”).  Such financial statements,
(A) present fairly, in all material respects, the consolidated financial
position and results of operations and cash flows of the Guarantor, in the case
of the statements referred to in clause (i) above, and the combined
financial position and results of operations of such subsidiaries and
businesses, in the case of the statements referred to in clause (ii)
above, in each case as of such date and for such period in accordance with GAAP
and (B) in the case of the Separation Pro Formas, have been prepared in good
faith by the Guarantor, based on assumptions used to prepare the pro forma financial information contained in the S-1
Registration Statement filed by the Borrower and the H Guarantor with the SEC
on January 18, 2007, as amended by the amendment thereto filed with the SEC on
April 20, 2007 (the “Healthcare Registration Statement”) (which
assumptions are believed by the Guarantor on the Closing Date to be reasonable
under the circumstances and were based upon currently available information as
of the date of filing), and reflect on a pro forma basis
the estimated Consolidated financial position and results of operations of the
Guarantor and its Subsidiaries as of such date, assuming the Spin Distributions
had actually occurred (x) at September 29, 2006, in the case of such balance
sheet, or (y) on October 1, 2005, in the case of such statements of income, and
giving pro forma effect to the other events and
adjustments referred to with respect to such financial statements in the
Healthcare Registration Statement.

(b)           Since
September 29, 2006, except for the Separation Transactions, there has been no
material adverse change in (i) the consolidated financial condition, business
or operations of the Guarantor and its Subsidiaries, taken as a whole or (ii)
the healthcare business or operations of the Initial Guarantor and its
subsidiaries, taken as a whole; provided that, for purposes of this Section
3.04(b), a “material adverse change” shall not include any change to the extent
resulting solely from any Existing Indenture Covered Default.

 28
 

 

Section
3.05         Litigation and Environmental
Matters.

(a)           There
are no actions, suits, investigations or proceedings by or before any
arbitrator or Governmental Authority pending against or, to the knowledge of
the Obligors, threatened against or affecting the Guarantor or any of its
Subsidiaries (i) as to which there is a reasonable possibility of an
adverse determination which could, based upon the facts and circumstances in
existence at the time this representation and warranty is made or deemed made,
reasonably be expected to result in a Material Adverse Effect, other than the
matters described in the Guarantor’s filings of Forms 10K, 10Q or 8K or in the
Form-10s, in each case on or before the date hereof (the “Existing
Litigation”), and other than shareholders’ derivative litigation or
shareholders’ class actions based on the same facts and circumstances as the
Existing Litigation, or (ii) that could reasonably be expected to
adversely affect the validity or enforceability of any of the Loan Documents or
the Transactions.

(b)           Except
with respect to any matters that could not, based upon the facts and
circumstances in existence at the time this representation and warranty is made
or deemed made, reasonably be expected to result in a Material Adverse Effect
and except for the matters described in the Guarantor’s filings of Forms 10K,
10Q or 8K or in the Form-10s, in each case on or before the date hereof,
neither the Guarantor nor any of its Subsidiaries (i) has failed to comply
with any Environmental Law or to obtain, maintain or comply with any permit,
license or other approval required under any Environmental Law or (ii) has
become subject to any Environmental Liability.

Section
3.06         Investment Company Status. 
Neither Obligor is an “investment company” as defined in, or subject to
regulation under, the Investment Company Act of 1940.

Section
3.07         Taxes.  Each of the
Guarantor and its Significant Subsidiaries has timely filed or caused to be
filed all Tax returns and reports required to have been filed and has paid or
caused to be paid all Taxes required to have been paid by it, except (a) Taxes
that are being contested in good faith by appropriate proceedings and for which
the Guarantor or such Significant Subsidiary, as applicable, has set aside on
its books adequate reserves or (b) to the extent that the failure to do so
could not, based upon the facts and circumstances in existence at the time this
representation and warranty is made or deemed made, reasonably be expected to
result in a Material Adverse Effect.

Section
3.08         ERISA.  No ERISA Event
has occurred or is reasonably expected to occur that, when taken together with
all other such ERISA Events for which liability is reasonably expected to
occur, could, based upon the facts and circumstances in existence at the time
this representation and warranty is made or deemed made, reasonably be expected
to result in a Material Adverse Effect. 
The present value of all accumulated benefit obligations of all
underfunded Plans (based on the assumptions used for purposes of Statement of Financial
Accounting Standards No. 87) did not, as of the date of the most recent
financial statements reflecting such amounts, exceed the fair market value of
the assets of all such underfunded Plans by an amount which could based upon
the facts and circumstances existing at the time this representation and
warranty is made or deemed made, reasonably be expected to result in a Material
Adverse Effect.

 29
 

 

Section
3.09         Disclosure.  All
information heretofore furnished by or on behalf of the Obligors to the Administrative
Agent or the Lenders in connection with this Agreement or the other Loan
Documents, when taken as a whole, does not contain any untrue statement of
material fact or omit to state any material fact necessary to make the
statements contained herein or therein, in light of the circumstances under
which they were made, not misleading; provided that with respect to
projections and other forward-looking information, the Obligors represent and
warrant only that such information was prepared in good faith based upon
assumptions believed to be reasonable at the time made, it being understood
that projections and forward-looking information are subject to significant
uncertainties and contingencies, many of which are beyond the control of the
Obligors and that no assurance can be given that such projections will be
realized.

Section
3.10         Subsidiaries.  Each of
the Guarantor’s Subsidiaries is duly organized or formed, validly existing and
(to the extent such concept is applicable to it) in good standing under the
laws of its jurisdiction of organization or formation, except where the failure
to be so organized, existing or in good standing could not, based upon the
facts and circumstances existing at the time this representation and warranty
is made or deemed made, reasonably be expected to have a Material Adverse
Effect.  Each such Subsidiary has all
legal powers and all governmental licenses, authorizations, consents and
approvals required to carry on its business as now conducted, except to the
extent that failure to have any such power or governmental license,
authorization, consent or approval could not, based upon the facts and
circumstances in existence at the time this representation and warranty is made
or deemed made, reasonably be expected to have a Material Adverse Effect.

Section
3.11         Margin Regulations.  Neither Obligor is engaged principally or as
one of its important activities in the business of buying or carrying margin
stock within the meaning of Regulation U of the Board.

ARTICLE
IV

Conditions

Section
4.01         Effective Date.  The
obligations of the Lenders to make Loans hereunder shall not become effective
until the date on which each of the following conditions is satisfied (or
waived in accordance with Section 10.02):

(a)           The
Administrative Agent (or its counsel) shall have received on or before the date
of this Agreement from each party hereto either (i) a counterpart of this
Agreement signed on behalf of such party or (ii) written evidence
satisfactory to the Administrative Agent (which may include facsimile
transmission of a signed signature page of this Agreement) that such party has
signed a counterpart of this Agreement.

(b)           The
Administrative Agent (or its counsel) shall have received a Note executed by
the Borrower in favor of each Lender that requested a Note prior to the Closing
Date in accordance with Section 2.08(e).

 30
 

(c)           The Administrative Agent shall have
received a favorable written opinion (addressed to the Administrative Agent and
the Lenders and dated the date of this Agreement) of (i) the general
counsel of the Guarantor in substantially the form attached as Exhibit C-1,
(ii) Allen & Overy, special Luxembourg counsel of the Borrower in
substantially the form attached as Exhibit C-2, (iii) Appleby Hunter Bailhache,
special Bermudian counsel of the Guarantor, in substantially the form attached
as Exhibit C-3 and (iv) Gibson, Dunn & Crutcher LLP, special New
York counsel of the Obligors in substantially the form attached as
Exhibit C-4.

(d)           The
Administrative Agent shall have received on or before the date of this
Agreement certified copies of the charter, by-laws and other constitutive
documents of each Obligor and the H Guarantor and of resolutions of the Board
of Directors of each Obligor and the H Guarantor authorizing the Transactions,
together with incumbency certificates dated the date of this Agreement
evidencing the identity, authority and capacity of each Person authorized to
execute and deliver this Agreement, the other Loan Documents and any other
documents to be delivered by such Obligor and the H Guarantor pursuant hereto,
all in form and substance reasonably satisfactory to the Administrative Agent
and its counsel.

(e)           The
Administrative Agent shall have received a certificate, dated the date of this
Agreement and signed by a Responsible Officer, confirming that (i) the
representations and warranties of each Obligor set forth in Article III of this
Agreement are true and correct and (ii) no Default has occurred and is
continuing.

(f)            The
Administrative Agent shall have received evidence reasonably satisfactory to it
of the consent of CT Corporation System in New York, New York to the
appointment and designation provided by Section 10.09(d).

(g)           The
Administrative Agent shall have received payment of Upfront Fees for the account
of each Lender pursuant to Section 2.10(a)(i).

(h)           The
Borrower shall have paid all fees required to be paid by it pursuant to the Fee
Letters and, unless waived by the Administrative Agent and the Global
Coordinators, the Borrower shall have paid all legal fees and expenses of the
Administrative Agent and the Global Coordinators required to be paid pursuant
to the terms of this Agreement and to the extent invoiced  and received by the Borrower prior to the
Closing Date.

(i)            The
Administrative Agent shall have received evidence reasonably satisfactory to it
that the commitments under the Existing Tyco Credit Agreements have been, or
concurrently with the Effective Date are being terminated and that all amounts
due under the Existing Tyco Credit Agreements have been paid in full in cash or
are being paid in full out of the proceeds of the initial Borrowing or
concurrently with the effectiveness hereof out of the proceeds of the initial
borrowing under the Bridge Loan Agreement.

(j)            The
Administrative Agent shall have received evidence reasonably satisfactory to it
that the TIGSA Separation shall have been consummated or is being consummated
contemporaneously with the effectiveness hereof on the Effective Date.

 31
 

The Administrative Agent
shall (i) notify the Borrower and the Lenders of the satisfaction of the
conditions described in clauses (a) through (h) above on the Closing Date and
(ii) notify the Borrower and the Lenders of the Effective Date.  Each such notice shall be conclusive and
binding.

Section
4.02         Each Borrowing.  The
obligation of each Lender to make a Loan on the occasion of any Borrowing is
subject to the satisfaction of the following conditions:

(a)           The
representations and warranties of the Obligors set forth in Article III of this
Agreement (other than Section 3.04, Section 3.05(a)(i) or (b),
or Section 3.09) or any other Loan Document, or which are contained in any
certificate or notice delivered at any time by any Obligor under or in
connection herewith or therewith, shall be true and correct in all material
respects on and as of the date of such Borrowing, before and after giving
effect to such Borrowing, or if any such representation or warranty was made as
of a specific date, such representation and warranty was true and correct in
all material respects on and as of such date.

(b)           At
the time of and immediately after giving effect to such Borrowing, no Default
shall have occurred and be continuing.

(c)           The
Borrower shall have delivered a Borrowing Request in accordance with Section
2.03.

Each Borrowing Request shall be deemed to constitute a
representation and warranty by the Obligors on the date of such Borrowing
Request and the date of the Borrowing requested thereunder as to the matters
specified in paragraphs (a) and (b) of this Section.

ARTICLE V

Covenants

From and after the Effective Date, until the
Commitments have expired or been terminated and the principal of and interest
on each Loan and all fees payable under the Loan Documents shall have been paid
in full, the Guarantor (and the Borrower, where applicable) covenants and
agrees with the Lenders that:

Section
5.01         Financial Statements and Other Information.  The Guarantor will furnish to the
Administrative Agent (which, except as otherwise provided below with respect to
subsections (a), (b) or (e), the Administrative Agent shall promptly furnish to
each Lender):

(a)           within
120 days after the end of each fiscal year of the Guarantor, its audited
Consolidated balance sheet and related statements of operations, shareholders’
equity and cash flows as of the end of and for such fiscal year, setting forth
in each case in comparative form the figures for the previous fiscal year, all
reported on by Deloitte & Touche LLP or other independent public
accountants of internationally recognized standing in a manner complying with
the applicable rules and regulations promulgated by the SEC;

 32

(b)           (i)
within 60 days after the end of each of the first three fiscal quarters of each
fiscal year of the Guarantor, its Consolidated balance sheet and related
statements of operations and cash flows for such fiscal quarter and the related
statements of operations and cash flows for the then elapsed portion of the
fiscal year, setting forth in each case in comparative form the figures for the
corresponding period or periods of the previous fiscal year, all certified as
to GAAP (subject to the absence of footnotes, audit and normal year-end
adjustments) on behalf of the Guarantor by the chief financial officer or the
chief accounting officer of the Guarantor or a Designated Officer; (ii) as and
when filed with the SEC, for any of the first three fiscal quarters of each
fiscal year of the Guarantor which fiscal year ends on or prior to the date of
the Healthcare Spin Distribution, the combined balance sheet and related
statements of income of certain healthcare related subsidiaries and businesses
of the Guarantor for such fiscal quarter, certified by the chief financial
officer of the healthcare businesses of the Guarantor; and (iii) as and when
filed with the SEC, for any of the first three fiscal quarters of each fiscal
year of the Guarantor during which quarter the Healthcare Spin Distribution
occurs, the statement of income of the Guarantor for such fiscal quarter,
certified as to GAAP (subject to the absence of footnotes, audit and normal
year-end adjustments) on behalf of the Guarantor by the chief financial officer
or the chief accounting officer of the Guarantor or a Designated Officer;

(c)           concurrently
with any delivery of financial statements under clause (a) or (b) above, a
certificate on behalf of the Guarantor signed by the chief financial officer or
the chief accounting officer of the Guarantor or a Designated Officer
(i) certifying as to whether a Default has occurred and, if a Default has
occurred, specifying the details thereof and any action taken or proposed to be
taken with respect thereto, and (ii) setting forth reasonably detailed
calculations demonstrating whether the Guarantor was in compliance with Section
5.09;

(d)           within
five Business Days after any Responsible Officer obtains knowledge of any
Default, if such Default is then continuing, a certificate on behalf of the
Guarantor signed by a Responsible Officer of the Guarantor or a Designated
Officer setting forth, in reasonable detail, the nature thereof and the action
which the Guarantor is taking or proposes to take with respect thereto;

(e)           promptly
upon the filing thereof, copies of all final registration statements (other
than the exhibits thereto and any registration statements on Form S-8 or its
equivalent), final reports on Forms 10-K, 10-Q and 8-K (or their equivalents)
and proxy statements which the Guarantor or the Borrower shall have filed with
the SEC;

(f)            promptly
upon any Responsible Officer obtaining knowledge of the commencement of any
Reportable Action, a certificate on behalf of the Guarantor specifying the
nature of such Reportable Action and what action the Guarantor is taking or
proposes to take with respect thereto; and

(g)           from
time to time, upon reasonable notice, such other information regarding the
financial position or business of the Guarantor and its Subsidiaries, or
compliance with the terms of this Agreement, as any Lender through the
Administrative Agent may reasonably request.

 33
 

Information required to
be delivered pursuant to subsections (a), (b) or (e) above may be delivered
electronically and if so delivered, shall be deemed to have been delivered on
the date (i) on which the Guarantor posts such documents, or provides a
link thereto on the Guarantor’s website on the Internet at www.tyco.com (or
such other website as the Guarantor may designate in the Guarantor Assumption
Agreement or in a writing delivered to the Administrative Agent), or at
sec.gov/edaux/searches.htm; or (ii) on which such documents are posted on
the Guarantor’s behalf, or delivered to the Administrative Agent by the
Guarantor in accordance with Section 10.15.

Section
5.02         Existence; Conduct of
Business.  The
Guarantor will:

(a)           not
engage in any material business other than the holding of stock and other
investments in its Subsidiaries and activities reasonably related thereto;

(b)           cause
the Borrower and subsidiaries of the Borrower to not engage in any business
other than businesses of the same general type as conducted by the subsidiaries
of TIGSA engaged in TIGSA’s healthcare businesses immediately prior to the
TIGSA Separation, or which are related thereto or extensions thereof, and other
than businesses which are not in the aggregate material to the Guarantor and
its Subsidiaries taken as a whole; and

(c)           preserve,
renew and keep in full force and effect, and will cause each Significant Subsidiary
to preserve, renew and keep in full force and effect (i) their respective
legal existence and (ii) their respective rights, privileges and
franchises necessary or desirable in the normal conduct of business, unless in
the case of either the failure of the Guarantor to comply with subclause
(c)(ii) of this Section 5.02 or the failure of a Significant
Subsidiary to comply with clause (c) of this Section 5.02, such failure
could not, based upon the facts and circumstances existing at the time, reasonably
be expected to have a Material Adverse Effect;

provided that nothing in this
Section 5.02 shall prohibit the Separation Transactions or any transaction
permitted by Section 5.08.

Section
5.03         Maintenance of Properties; Insurance.  The Guarantor will, and will cause each of
its Subsidiaries to, (a) keep and maintain all property material to the conduct
of its business in good working order and condition, ordinary wear and tear
excepted, and (b) maintain, with financially sound and reputable insurance companies,
insurance in such amounts and against such risks as are customarily maintained
by and commercially available to companies engaged in the same or similar
businesses operating in the same or similar locations, except in the case of
each of clause (a) and (b) to the extent that the failure to do so could not,
based upon the facts and circumstances existing at the time, reasonably be
expected to have a Material Adverse Effect.

Section
5.04         Books and Records; Inspection Rights.  The Guarantor will keep, and will cause each
Consolidated Subsidiary to keep, proper books of record and account in which
true and correct entries shall be made of its business transactions and
activities so that financial statements of the Guarantor that fairly present
its business transactions and activities can be properly prepared in accordance
with GAAP.  The Guarantor will, and will
cause each 

 34
 

Significant Subsidiary to, permit any
representatives designated by the Administrative Agent or by any Lender through
the Administrative Agent, upon reasonable prior notice, at all reasonable times
and as and to the extent permitted by applicable law and regulation, and at the
Administrative Agent’s or such Lender’s expense, to visit and inspect its
properties, to examine and make extracts from its books and records, and to
discuss its affairs, finances, accounts and condition with its officers,
employees (in the presence of its officers) and independent accountants (in the
presence of its officers); provided that (i) such designated representatives
shall be reasonably acceptable to the Borrower, shall agree to any reasonable
confidentiality obligations proposed by the Borrower, and shall follow the
guidelines and procedures generally imposed upon like visitors to Borrower’s
facilities and (ii) unless a Default shall have occurred and be
continuing, such visits and inspections shall occur not more than once in any
Fiscal Year.

Section
5.05         Compliance with Laws. 
The Guarantor will, and will cause each Significant Subsidiary to,
comply with all laws, rules, regulations and orders of any Governmental
Authority applicable to it or its property, except where the failure to do so
could not, based upon the facts and circumstances existing at the time,
reasonably be expected to result in a Material Adverse Effect.

Section
5.06         Use of Proceeds.  The
proceeds of each Borrowing made under this Agreement will be used by the
Borrower for working capital, capital expenditures and other lawful corporate
purposes of the Borrower, including to repay other Debt of the Guarantor and
its Subsidiaries.  No part of the
proceeds of any Loan will be used, whether directly or indirectly, for any
purpose that entails a violation of any of the Regulations of the Board,
including Regulations T, U and X.

Section
5.07         Liens.  The Guarantor
will not, and will not permit any Subsidiary to, create, incur, assume or
permit to exist any Lien on any property or asset now owned or hereafter
acquired by it, except:

(a)           any
Lien existing on any asset on the Closing Date;

(b)           any
Lien on any asset securing the payment of all or part of the purchase price of
such asset upon the acquisition thereof by the Guarantor or a Subsidiary or
securing Debt (including any obligation as lessee incurred under a capital
lease) incurred or assumed by the Guarantor or a Subsidiary prior to, at the
time of or within one year after such acquisition (or in the case of real
property, the completion of construction (including any improvements on an
existing property) or the commencement of full operation of such asset or
property, whichever is later), which Debt is incurred or assumed for the
purpose of financing all or part of the cost of acquiring such asset or, in the
case of real property, construction or improvements thereon; provided,
that in the case of any such acquisition, construction or improvement, the Lien
shall not apply to any asset theretofore owned by the Guarantor or a
Subsidiary, other than assets so acquired, constructed or improved;

(c)           any
Lien existing on any asset or Stock of any Person at the time such Person is
merged or consolidated with or into the Guarantor or a Subsidiary which Lien
was not created in contemplation of such event;

 35
 

(d)           any
Lien existing on any asset at the time of acquisition thereof by the Guarantor
or a Subsidiary, which Lien was not created in contemplation of such
acquisition;

(e)           any
Lien arising out of the Refinancing of any Debt secured by any Lien permitted
by any of the subsections (a) through (d) of this Section 5.07, provided
that the principal amount of Debt is not increased (except as grossed-up for
the customary fees and expenses incurred in connection with such Refinancing
and except as a result of the capitalization or accretion of interest) and is
not secured by any additional assets, except as provided in the last sentence
of this Section 5.07;

(f)            any
Lien to secure Intercompany Debt;

(g)           sales
of accounts receivable or promissory notes to factors or other third-parties in
the ordinary course of business for purposes of collection;

(h)           any
Lien in favor of any country or any political subdivision of any country (or
any department, agency or instrumentality thereof) securing obligations arising
in connection with partial, progress, advance or other payments pursuant to any
contract, statute, rule or regulation or securing obligations incurred for the
purpose of financing all or any part of the purchase price (including the cost
of installation thereof or, in the case of real property, the cost of
construction or improvement or installation of personal property thereon) of
the asset subject to such Lien (including, but not limited to, any Lien
incurred in connection with pollution control, industrial revenue or similar
financings);

(i)            Liens
arising in the ordinary course of its business which (i) do not secure
Debt, and (ii) do not in the aggregate materially detract from the value
of its assets or materially impair the use thereof in the operation of its
business;

(j)            any
Lien securing only Nonrecourse Debt;

(k)           Liens
incurred and pledges or deposits in the ordinary course of business in
connection with workers’ compensation, old age pensions, unemployment insurance
or other social security legislation, other than any Lien imposed by ERISA;

(l)            Liens
created pursuant to a Permitted Securitization Transactions;

(m)          Liens
for taxes, assessments and governmental charges or levies which are not yet due
or are payable without penalty or of which the amount, applicability or
validity is being contested by the Guarantor or a Subsidiary whose property is
subject thereto in good faith by appropriate proceedings as to which adequate
reserves are being maintained;

(n)           Liens
securing judgments that have not resulted in the occurrence of an Event of
Default under clause (k) of Article VI in an aggregate principal amount at any
time outstanding not to exceed $100,000,000; and

(o)           Liens
not otherwise permitted by the foregoing clauses (a) through (n) of this
Section 5.07 securing Debt or other obligations (without duplication) in
an aggregate 

 36
 

principal amount at any time outstanding not to exceed an amount equal
to 7.5% of Consolidated Tangible Assets at such time.

It is understood that any Lien permitted to exist on
any asset pursuant to the foregoing provisions of this Section 5.07 may
attach to the proceeds of such asset and, with respect to Liens permitted
pursuant to subsections (a), (b), (d), (e) (but only with respect to the
Refinancing of Debt secured by a Lien permitted pursuant to subsections (a),
(b), (d)) or (f) of this Section 5.07, may attach to an asset acquired in
the ordinary course of business as a replacement of such former asset.

Section
5.08         Fundamental Changes.

(a)           No
Obligor will consolidate, amalgamate or merge with or into any other Person or
sell, lease or otherwise transfer all or substantially all of the Consolidated
assets to any other Person, unless

(i)          such Obligor is the
surviving corporation, or the Person (if other than such Obligor) formed by
such consolidation or amalgamation or into which such Obligor is merged or
amalgamated, or the Person which acquires by sale or other transfer, or which
leases, all or substantially all of the assets of such Obligor (any such
Person, the “Successor”), shall be organized and existing under the laws
of (A) in the case of a Successor to the Borrower, Luxembourg or the United
States, any state thereof or the District of Columbia or (B) in the case of a
Successor to the Guarantor, Bermuda or of the United States, any state thereof
or the District of Columbia and shall expressly assume, in a writing executed
and delivered to the Administrative Agent for delivery to each of the Lenders,
in form reasonably satisfactory to the Administrative Agent, the due and
punctual payment of the principal of and interest on the Loans and the
performance of the other obligations under this Agreement and the other Loan
Documents on the part of such Obligor to be performed or observed, as fully as
if such Successor were originally named as such Obligor in this Agreement or
such other Loan Document; and

(ii)         immediately after
giving effect to such transaction, no Default shall have occurred and be
continuing; and

(iii)        such Obligor has
delivered to the Administrative Agent a certificate on behalf of such Obligor
signed by one of its Responsible Officers and an opinion of counsel, each
stating that all conditions provided in this Section 5.08 relating to such
transaction have been satisfied;

provided, however, that nothing in this Section
5.08(a)  shall prohibit the Separation
Transactions.  Without limiting the
generality of the foregoing, neither Spin Distribution shall be deemed to be a
transfer of all or substantially all of the Consolidated assets of either
Obligor.  Upon the satisfaction (or
waiver) of the conditions set forth in this Section 5.08(a), a Successor
to the Borrower or the Guarantor shall succeed, and may exercise every right
and power of, the Borrower or the Guarantor under this Agreement and the other
Loan Documents with the same 

 37
 

effect as if such Successor had been originally named
as the Borrower or the Guarantor herein, and the Borrower or the Guarantor, as
the case may be, shall be relieved of and released from its obligations under
this Agreement and the other Loan Documents.

(b)           The
Initial Guarantor shall not consummate the Healthcare Spin Distribution unless
upon such distribution the H Guarantor shall assume the obligations of the
Initial Guarantor under its Guarantee of the obligations of the Borrower under
this Agreement and the other Loan Documents, as fully if the H Guarantor were
the original Guarantor under this Agreement, pursuant to a Guarantor Assumption
Agreement and the H Guarantor shall deliver the Guarantor Assumption Opinions
to the Administrative Agent.  Upon such
distribution of shares and assumption of obligations, the H Guarantor shall
succeed, and may exercise every right and power of, the Initial Guarantor under
this Agreement with the same effect as if the H Guarantor had been the original
Guarantor herein, and the Initial Guarantor shall be relieved of and released
from its obligations under this Agreement, in each case as provided in such
Guarantor Assumption Agreement.

Section
5.09         Financial Covenant.

(a)           Leverage.  The Guarantor will not permit at any time the
ratio of (x) Consolidated Total Debt at such time to (y) Consolidated EBITDA
for the then most recently concluded period of four consecutive fiscal quarters
of the Guarantor to exceed 3.50 to 1.00.

Section
5.10         Limitation on Restrictions on
Subsidiary Dividends and Other Distributions.  The Guarantor will not, and will not permit
any Subsidiary to, directly or indirectly, create or otherwise cause or suffer
to exist or become effective any encumbrance or restriction on the ability of
any Subsidiary, other than the Borrower, to (a) pay dividends or make any other
distributions on its capital stock or any other interest or participation in
its profits, owned by the Guarantor or any Subsidiary, or pay any Debt owed by
any Subsidiary to the Guarantor or any Subsidiary, (b) make loans or advances
to the Guarantor or any Subsidiary or (c) transfer any of its properties or
assets to the Guarantor or any Subsidiary (or, solely in the case of clause
(xii) hereof, any other Consolidated Person in respect of such Nonrecourse
Debt), except for such encumbrances or restrictions existing under or by reason
of:

(i)            applicable laws and regulations,
judgments and orders and other legal requirements, agreements with non-U.S.
governments with respect to assets or businesses located in their jurisdiction,
or condemnation or eminent domain proceedings,

(ii)           this Agreement or the Bridge Loan
Agreement (or, so long as the Guarantor or any Subsidiary is a party thereto,
the Other Credit Agreements and the Other Bridge Loan Agreements),

(iii)          (A) customary provisions restricting
subletting or assignment of any lease governing a leasehold interest of the
Guarantor or a Subsidiary, or (B) customary restrictions imposed on the
transfer of trademarked, copyrighted or patented materials or provisions in
agreements that restrict the assignment of such agreements or any rights
thereunder,

 38
 

(iv)          provisions contained in the
instruments evidencing or governing Debt or other obligations or agreements, in
each case existing on the date hereof,

(vi)          provisions contained in instruments
evidencing or governing Debt or other obligations or agreements of any Person,
in each case, at the time such Person (A) shall be merged or consolidated with
or into the Guarantor or any Subsidiary, (B) shall sell, transfer, assign,
lease or otherwise dispose of all or substantially all of such Person’s assets
to the Guarantor or a Subsidiary, or (C) otherwise becomes a Subsidiary, provided  that
in the case of clause (A), (B) or (C), such Debt, obligation or agreement was
not incurred or entered into, or any such provisions adopted, in contemplation
of such transaction,

(vii)         provisions contained in Refinancings,
so long as such provisions are, in the good faith determination of the
Guarantor’s board of directors, not materially more restrictive than those
contained in the respective instruments so Refinanced,

(viii)        provisions contained in any instrument
evidencing or governing Debt or other obligations of a Subsidiary Guarantor,

(ix)           any encumbrances and restrictions
with respect to a Subsidiary imposed in connection with an agreement which has
been entered into for the sale or disposition of such Subsidiary or its assets,
provided  such sale or disposition otherwise complies with this
Agreement,

(x)            the subordination (pursuant to its
terms) in right and priority of payment of any Debt owed by any Subsidiary (the
“Indebted Subsidiary”) to the Guarantor or any other Subsidiary, to any
other Debt of such Indebted Subsidiary, provided  that (A) such Debt is permitted under
this Agreement and (B) the Guarantor’s board of directors has determined, in
good faith, at the time of the creation of such encumbrance or restriction,
that such encumbrance or restriction could not, based upon the facts and
circumstances in existence at the time, reasonably be expected to have a
Material Adverse Effect,

(xi)           provisions governing Preferred Stock
issued by a Subsidiary,

(xii)          provisions contained in instruments or
agreements evidencing or governing (A) Nonrecourse Debt or (B) other Debt of a
Subsidiary incurred to finance the acquisition or construction of fixed or
capital assets to the extent, in the case of sub-clause (B), such instrument or
agreement prohibits transfers of the assets financed with such Debt, and

(xiii)         provisions contained in debt
instruments, obligations or other agreements of any Subsidiary which are not
otherwise permitted pursuant to clauses (i) through (xii) of this Section 5.10,
provided  that the aggregate investment of the Guarantor in all such
Subsidiaries (determined in accordance with GAAP) shall at no time exceed the
greater of (a) $300,000,000 or (b) 3% of Consolidated Tangible Assets.

 39
 

The provisions of this Section 5.10 shall not prohibit
(x) Liens not prohibited by Section 5.07 or (y) restrictions on the sale or
other disposition of any property securing Debt of any Subsidiary, provided  such
Debt is otherwise permitted by this Agreement.

Section
5.11         Transactions with Affiliates.  The Guarantor will not, and will not permit
any Subsidiary to, directly or indirectly, pay any funds to or for the account
of, make any investment (whether by acquisition of Stock or indebtedness, by
loan, advance, transfer of property, guarantee or other agreement to pay,
purchase or service, directly or indirectly, any Debt, or otherwise) in, lease,
sell, transfer or otherwise dispose of any assets, tangible or intangible, to,
or participate in, or effect any transaction in connection with any joint
enterprise or other joint arrangement with, any Affiliate (collectively, “Affiliate Transactions”);
provided, however, that the foregoing provisions of this
Section 5.11 shall not prohibit the Guarantor or any of its Subsidiaries from:

(i)          engaging in any
Affiliate Transaction between or among (x) the Guarantor and any Subsidiary or
Subsidiaries or (y) two or more Subsidiaries,

(ii)         engaging in any of
the Separation Transactions, including any transactions pursuant to the
Spin-Off Agreements,

(iii)        declaring or paying
any dividends and distributions on any shares of the Guarantor’s Stock,
including any dividend or distribution payable in shares of the Guarantor’s Stock
or Stock Equivalents,

(iv)       making any payments on
account of the purchase, redemption, retirement or acquisition of (x) any
shares of the Guarantor’s Stock or (y) any option, warrant or other right to
acquire shares of the Guarantor’s Stock, including any payment payable in
shares of the Guarantor’s Stock or Stock Equivalents,

(v)        declaring or paying any
dividends or distributions on Stock of any Subsidiary held by the Guarantor or
another Subsidiary,

(vi)       making sales to or
purchases from any Affiliate and, in connection therewith, extending credit or
making payments, or from making payments for services rendered by any
Affiliate, if such sales or purchases are made or such services are rendered in
the ordinary course of business and on terms and conditions at least as
favorable to the Guarantor or such Subsidiary as the terms and conditions which
the Guarantor would reasonably expect to be obtained in a similar transaction
with a Person which is not an Affiliate at such time,

(vii)      making payments of principal,
interest and premium on any Debt of the Guarantor or such Subsidiary held by an
Affiliate if the terms of such Debt are at least as favorable to the Guarantor
or such Subsidiary as the terms which the Guarantor would reasonably expect to
have been obtained at the time of the creation of such Debt from a lender which
was not an Affiliate,

 40
 

(viii)     participating in, or
effecting any transaction in connection with, any joint enterprise or other
joint arrangement with any Affiliate if the Guarantor or such Subsidiary
participates in the ordinary course of its business and on a basis no less
advantageous than the basis on which such Affiliate participates,

(ix)        paying or granting
reasonable compensation, indemnities, reimbursements and benefits to any director,
officer, employee or agent of the Guarantor or any Subsidiary, or

(x)         engaging in any
Affiliate Transaction not otherwise addressed in subsections (i) through (ix)
of this Section 5.11, the terms of which are not less favorable to the
Guarantor or such Subsidiary than those that the Guarantor or such Subsidiary
would reasonably expect to be obtained in a comparable transaction at such time
with a Person which is not an Affiliate.

Section
5.12         Subsidiary Guarantors.  The Borrower will cause each Subsidiary of
the Borrower that now or hereafter Guarantees any Material Debt of the Borrower
for or in respect of borrowed money (other than Debt of the Borrower to any
other Subsidiary) to promptly thereafter (and in any event within 30 days
of executing such Guarantee) cause such Subsidiary to (a) become a Subsidiary
Guarantor by executing and delivering to the Administrative Agent a Subsidiary
Guaranty, and (b) deliver to the Administrative Agent documents of the types
referred to in Section 4.01(d) and favorable opinions of counsel to such
Subsidiary (which shall cover, among other things, the legality, validity,
binding effect and enforceability of the Subsidiary Guaranty of such
Subsidiary), all in form, content and scope reasonably satisfactory to the Administrative
Agent.

ARTICLE
VI

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 when and as the same shall
become due and payable, whether at the due date thereof or at a date fixed for
prepayment thereof or otherwise;

(b)           the
Borrower shall fail to pay any interest on any Loan or any fee or any other
amount (other than an amount referred to in clause (a) of this Article) payable
under this Agreement or the other Loan Documents, 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 Guarantor
or any Subsidiary in or in connection with this Agreement or the other Loan
Documents or any amendment or modification hereof or thereof or waiver
hereunder or thereunder, or in any report, certificate or financial statement
furnished pursuant to or in connection with this Agreement or any other Loan
Document or any amendment or modification 

 41
 

hereof or thereof or waiver hereunder or thereunder, shall prove to
have been incorrect in any material respect when made or deemed made;

(d)           either
Obligor shall fail to observe or perform any covenant, condition or agreement
contained in (i) Section 5.06, 5.07, 5.08, 5.10, 5.11 or 5.12 and such
failure shall not be remedied within five Business Days after any Responsible
Officer obtains knowledge thereof or (ii) Section 5.09;

(e)           either
Obligor shall fail to observe or perform any covenant, condition or agreement
contained in this Agreement or the other Loan Documents (other than those
specified in clause (a), (b) or (d) of this Article), and such failure shall
continue unremedied for a period of 30 days after notice thereof from the
Administrative Agent to the Guarantor (which notice will be given at the
request of any Lender);

(f)            the
Guarantor or any Subsidiary shall fail to make any payment  in respect of any Material Debt, when and as
the same shall become due and payable, and such failure shall continue beyond
any applicable grace period (but in any event, in the case of interest, fees or
other amounts other than principal, for a period of at least five Business
Days); provided that this clause (f) shall not apply to any Existing
Indenture Covered Default;

(g)           any
event or condition occurs that results in any Material Debt becoming due prior
to its scheduled maturity; provided that this clause (g) shall not apply to
(i) any Existing Indenture Debt that becomes due as a result of an
Existing Indenture Covered Default or as a result of any offer to repurchase or
redemption of any Existing Indenture Debt, (ii) secured Debt that becomes due
as a result of the voluntary sale or transfer of the property or assets
securing such Debt, (iii) any conversion, repurchase or redemption of any
Material Debt scheduled by the terms thereof to occur on a particular date, any
conversion of any Material Debt initiated by a holder thereof pursuant to the terms
thereof or any optional prepayment, repurchase or redemption of any Material
Debt, in each case not subject to any contingent event or condition related to
the creditworthiness, financial performance or financial condition of the
Guarantor or any Subsidiary or (iv) any repurchase or redemption of any
Material Debt pursuant to any put option exercised by the holder of such
Material Debt; provided that such put option is exercisable at times specified
in the terms of the Material Debt and not by its terms solely as a result of
any contingent event or condition related to the creditworthiness, financial
performance or financial condition of the Guarantor or the applicable
Subsidiaries;

(h)           an
involuntary proceeding shall be commenced or an involuntary petition shall be
filed seeking (i) liquidation, winding up, reorganization or other relief
in respect of the Guarantor or any Significant Subsidiary or its debts, or of a
substantial part of its assets, under any bankruptcy, insolvency, receivership
or similar law of any jurisdiction now or hereafter in effect or (ii) the
appointment of a receiver, trustee, custodian, sequestrator, conservator or
similar official for the Guarantor or any Significant Subsidiary or for a
substantial part of its respective assets, and, in any such case, such
proceeding or petition shall continue undismissed for 60 days or an order or
decree approving or ordering any of the foregoing shall be entered;

 42

(i)            the
Guarantor or any Significant Subsidiary shall (i) voluntarily commence any
proceeding or file any petition seeking liquidation, winding up, reorganization
or other relief under any bankruptcy, insolvency, receivership or similar law
of any jurisdiction now or hereafter in effect, (ii) consent to the
institution of, or fail to contest in a timely and appropriate manner, any
proceeding or petition described in clause (h) of this Article,
(iii) apply for or consent to the appointment of a receiver, trustee,
custodian, sequestrator, conservator or similar official for the Guarantor or
any Significant Subsidiary or for a substantial part of its respective assets,
(iv) file an answer admitting the material allegations of a petition filed
against it in any such proceeding, (v) make a general assignment for the
benefit of creditors or (vi) take any action for the purpose of effecting any
of the foregoing;

(j)            the
Guarantor or any Significant Subsidiary shall admit in writing its inability or
fail generally to pay its debts as they become due;

(k)           one
or more judgments or orders for the payment of money in an aggregate amount in
excess of $30,000,000 (after deducting amounts covered by insurance, except to
the extent that the insurer providing such insurance has declined such coverage
or indemnification) shall be rendered against the Guarantor or any Subsidiary
or any combination thereof and, within 60 days after entry thereof, such
judgment or order is not discharged or execution thereof stayed pending appeal,
or within 60 days after the expiration of any such stay, such judgment or order
is not discharged;

(l)            an
ERISA Event shall have occurred that, when taken together with all other ERISA
Events that have occurred, could reasonably be expected to result in a Material
Adverse Effect;

(m)          (x)
any person or group of persons (within the meaning of Section 13 or 14 of
the Securities Exchange Act of 1934, as amended) shall have acquired beneficial
ownership (within the meaning of Rule 13d-3 promulgated by the SEC under said
Act) of 40% or more of the outstanding shares of common stock of the Guarantor;
or (y) on the last day of any period of twelve consecutive calendar months, a
majority of members of the board of directors of the Guarantor shall no longer
be composed of individuals (i) who were members of said board of directors
on the first day of such twelve consecutive calendar month period or
(ii) whose election or nomination to said board of directors was approved
by individuals referred to in clause (i) above constituting at the time of
such election or nomination at least a majority of said board of directors;

(n)           any
Loan Document shall cease to be valid and enforceable against any Obligor or
Subsidiary Guarantor party thereto (except for the termination of a Subsidiary
Guaranty in accordance with its terms), or any Obligor or Subsidiary Guarantor
shall so assert in writing; or

(o)           the
Borrower (or any permitted successor pursuant to Section 5.08(a)) shall cease
to be a Wholly-Owned Consolidated Subsidiary of the Guarantor;

 43
 

then, and in every such
event (other than an event described in clause (h) or (i) of this Article
with respect to the Borrower or the Guarantor), and at any time thereafter
during the continuance of such event, the Administrative Agent shall, at the
request of, or may, with the consent of, the Required Lenders, by notice to the
Borrower, take either or both of the following actions, at the same or
different times:  (i) terminate the
Commitments, and thereupon the Commitments shall terminate immediately, and
(ii) declare the unpaid principal amount of all outstanding Loans, all
interest accrued and unpaid thereon, and all other amounts owing or payable
hereunder or under any other Loan Document to be immediately due and payable,
and thereupon the principal amount of all such outstanding Loans together with
all such interest and other amounts so declared to be due and payable, shall
become due and payable immediately, without presentment, demand, protest or
other notice of any kind, all of which are hereby expressly waived by the
Obligors; and in case of any event described in clause (h) or (i) of this
Article with respect to the Borrower or the Guarantor, the Commitments shall
automatically terminate and the principal of the Loans then outstanding,
together with accrued interest thereon and all fees and other obligations of
the Borrower accrued under any Loan Document, shall automatically become due
and payable, without presentment, demand, protest or other notice of any kind,
all of which are hereby expressly waived by the Obligors.

ARTICLE
VII

The
Administrative Agent

Each of the Lenders hereby irrevocably appoints the
Administrative Agent as its agent 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, together with such actions and
powers as are reasonably incidental thereto.

The Person serving as the Administrative Agent
hereunder shall have the same rights and powers in its capacity as a Lender as
any other Lender and may exercise the same as though it were not the
Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise
expressly indicated or unless the context otherwise requires, include the
Person serving as the Administrative Agent hereunder in its individual
capacity.  Such Person and its Affiliates
may accept deposits from, lend money to, act as the financial advisor or in any
other advisory capacity for and generally engage in any kind of business with
the Guarantor or any Subsidiary or other Affiliate thereof as if such Person
were not the Administrative Agent hereunder and without any duty to account
therefor to the Lenders.

The Administrative Agent shall not have any duties or
obligations except those expressly set forth herein.  Without limiting the generality of the
foregoing, (a) the Administrative Agent shall not be subject to any fiduciary
or other implied duties, regardless of whether a Default has occurred and is
continuing, (b) the Administrative Agent shall not have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary
rights and powers expressly contemplated hereby that the 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 in
Section 10.02), provided that the Administrative Agent shall not be
required to take any action that, in its opinion or the opinion of its counsel,
may expose the 

 44
 

Administrative Agent to liability or that is contrary
to this Agreement, the other Loan Documents or applicable law, and (c) except
as expressly set forth herein, the Administrative Agent shall not have any duty
to disclose, and shall not be liable for the failure to disclose, any
information relating to the Guarantor or any of its Subsidiaries or any of
their respective Affiliates that is communicated to or obtained by the Person
serving as the Administrative Agent or any of its Affiliates in any
capacity.  The Administrative Agent shall
not be liable for any action taken or not taken by it (i) with the consent
or at the request of the Required Lenders (or such other number or percentage
of the Lenders as shall be necessary, or as the Administrative Agent shall
believe in good faith shall be necessary, under the circumstances as provided
in Section 10.02) 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 and the Administrative Agent shall not be responsible for
or have any duty to ascertain or inquire into (i) any statement, warranty
or representation made in or in connection with this Agreement or the other
Loan Documents, (ii) the contents of any certificate, report or other
document delivered hereunder or in connection herewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or
conditions set forth herein or therein or the occurrence of any Default,
(iv) the validity, enforceability, effectiveness or genuineness of this
Agreement or any other agreement, instrument or document or (v) the satisfaction
of any condition set forth in Article IV or elsewhere herein, other than
to confirm receipt of items expressly required to be delivered to the
Administrative Agent.

The Administrative Agent shall be entitled to rely
upon, and shall not incur any liability for relying upon, any notice, request,
certificate, consent, statement, instrument, document or other writing
(including any electronic message, Internet or intranet website posting or
other distribution) believed by it to be genuine and to have been signed, sent
or otherwise authenticated by the proper Person.  The Administrative Agent also may rely upon
any statement made to it orally or by telephone and believed by it to have been
made by the proper Person, and shall not incur any liability for relying
thereon.  In determining compliance with
any condition hereunder to the making of a Loan that by its terms must be
fulfilled to the satisfaction of a Lender, the Administrative Agent may presume
that such condition is satisfactory to such Lender unless the Administrative
Agent shall have received notice to the contrary from such Lender prior to the
making of such Loan.  The Administrative
Agent may consult with legal counsel (who may be counsel for the Borrower),
independent accountants and other experts selected by it, and shall not be
liable for any action taken or not taken by it in accordance with the advice of
any such counsel, accountants or experts.

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

 45
 

The Administrative Agent may at any time give notice
of its resignation to the Lenders and the Borrower.  Upon receipt of any such notice of
resignation, the Required Lenders shall have the right, in consultation with
the Borrower, to appoint a successor, which shall be a commercial bank with an
office in New York, New York, or an Affiliate of any such commercial bank with
an office in New York, New York.  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 gives notice of its resignation, then the retiring
Administrative Agent may on behalf of the Lenders, appoint a successor
Administrative Agent meeting the qualifications set forth above, provided that
if the Administrative 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 shall be discharged from its duties and obligations
hereunder and under the other Loan Documents and (2) all payments,
communications and determinations provided to be made by, to or through the
Administrative Agent shall instead be made by or to each Lender directly, until
such time as the Required Lenders appoint a successor Administrative Agent as
provided for above in this paragraph. 
The successor shall be consented to by the Borrower at all times other
than during the existence of an Event of Default (which consent of the Borrower
shall not be unreasonably withheld or delayed). 
Upon the acceptance of a successor’s appointment as Administrative Agent
hereunder, such successor shall succeed to and become vested with all of the
rights, powers, privileges and duties of the retiring (or retired)
Administrative Agent, and the retiring Administrative Agent shall be discharged
from all of its duties and obligations hereunder (if not already discharged
therefrom as provided above in this paragraph). 
The fees payable by the Borrower to a successor Administrative Agent
shall be the same as those payable to its predecessor unless otherwise agreed
between the Borrower and such successor. 
After the retiring Administrative Agent’s resignation hereunder and
under the other Loan Documents, the provisions of this Article and
Section 10.03 shall continue in effect for the benefit of such retiring
Administrative Agent, its sub-agents and their respective Related Parties
in respect of any actions taken or omitted to be taken by any of them while the
retiring Administrative Agent was acting as Administrative Agent.

Each Lender 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 also acknowledges
that it will, independently and without reliance upon the Administrative Agent
or any other Lender or any of their Related Parties and based on such documents
and information as it shall from time to time deem appropriate, continue to
make its own decisions in taking or not taking action under or based upon this
Agreement or any related agreement or any document furnished hereunder or
thereunder.

The Lenders hereby irrevocably authorize the
Administrative Agent, at its option and in its discretion, to release any
Subsidiary Guarantor from its obligations under such Subsidiary Guarantor’s
Subsidiary Guaranty (i) if such Person ceases to exist or to be a Subsidiary
(or substantially contemporaneously with such release will cease to exist or to
be a Subsidiary), in 

 46
 

each case as a result of a transaction permitted
hereunder, or (ii) otherwise in accordance with Section 4.06(b) of the relevant
Subsidiary Guaranty.

Anything herein to the contrary notwithstanding, none
of the Global Coordinators, Joint Bookrunners or Joint Lead Arrangers listed on
the cover page hereof shall have any powers, duties or responsibilities under
this Agreement, except in its capacity, as applicable, as the Administrative
Agent or a Lender hereunder.

ARTICLE
VIII

Guarantee

Section
8.01         The Guarantee.  The
Guarantor hereby unconditionally and irrevocably guarantees the full and
punctual payment when due (whether at stated maturity, by mandatory prepayment,
by acceleration or otherwise) of the principal of and interest on the Loans,
the Notes and all other amounts whatsoever at any time or from time to time
payable or becoming payable under this Agreement or the other Loan
Documents.  This is a continuing
guarantee and a guarantee of payment and not merely of collection.  Upon failure by the Borrower to pay
punctually any such amount when due as aforesaid, the Guarantor shall forthwith
on demand pay the amount not so paid at the place and in the manner specified
in this Agreement.

Section
8.02         Guarantee Unconditional. 
The obligations of the Guarantor hereunder shall be unconditional and
absolute, and, without limiting the generality of the foregoing, shall not be
released, discharged or otherwise affected, at any time by:

(a)           any
extension, renewal, settlement, compromise, waiver or release in respect of any
obligation of the Borrower under any Loan Document, by operation of law or
otherwise;

(b)           any
modification or amendment of or supplement to any Loan Document;

(c)           any
release, impairment, non-perfection or invalidity of any direct or indirect
security for any obligation of the Borrower under any Loan Document;

(d)           any
change in the corporate existence, structure or ownership of the Borrower, or
any insolvency, bankruptcy, reorganization or other similar proceeding
affecting the Borrower or its assets or any resulting release or discharge of
any obligation of the Guarantor or the Borrower contained in any Loan Document;

(e)           the
existence of any claim, set-off or other rights which the Guarantor may have at
any time against the Borrower, the Administrative Agent, any Lender or any
other Person, whether in connection herewith or any unrelated transactions, provided
that nothing herein shall prevent the assertion of any such claim by separate
suit or compulsory counterclaim;

 47
 

(f)            any
invalidity or unenforceability relating to or against the Borrower for any
reason of any Loan Document, or any provision of applicable law or regulation
purporting to prohibit the payment by the Borrower, in the currency and funds
and at the time and place specified herein, of any amount payable by it under
any Loan Document; or

(g)           any
other act or omission to act or delay of any kind by the Borrower, the
Administrative Agent, any Lender or any other Person, or any other circumstance
whatsoever which might, but for the provisions of this paragraph, constitute a
legal or equitable discharge or defense of a guarantor or surety.

Section
8.03         Discharge Only upon Payment in Full; Reimbursement in Certain
Circumstances.  The guarantee
and other agreements in this Article VIII shall remain in full force and effect
until the Commitments shall have terminated and the principal of and interest
on the Loans, the Notes and all other amounts whatsoever payable by the
Borrower under any Loan Document shall have been finally paid in full.  If at any time any payment of any such amount
payable by the Borrower under any Loan Document is rescinded or must be
otherwise restored or returned upon the insolvency, bankruptcy or reorganization
of the Borrower or otherwise, the Guarantor’s obligations hereunder with
respect to such payment shall be reinstated at such time as though such payment
had been due but not made at such time.

Section
8.04         Waiver by the Guarantor. 
The Guarantor irrevocably waives acceptance hereof, presentment, demand,
protest and any notice not provided for herein, as well as any requirement that
at any time any action be taken by any Person against the Borrower or any other
Person.

Section
8.05         Subrogation.  Upon
making any payment hereunder with respect to the Borrower, the Guarantor shall
be subrogated to the rights of the payee against the Borrower with respect to
such payment; provided that the Guarantor shall not enforce any payment
by way of subrogation until all amounts of principal of and interest on the
Loans and all other amounts payable by the Borrower under any Loan Document has
been paid in full and the Commitments have been terminated.

Section
8.06         Stay of Acceleration. 
In the event that acceleration of the time for payment of any amount
payable by the Borrower under any Loan Document is stayed upon insolvency,
bankruptcy or reorganization of the Borrower, all such amounts otherwise
subject to acceleration under the terms of this Agreement shall nonetheless be
payable by the Guarantor hereunder forthwith on demand by the Required Lenders.

ARTICLE
IX

Yield
Protection, Illegality and Taxes

Section
9.01         Alternate Rate of Interest. 
If prior to the commencement of any Interest Period for a Eurodollar
Borrowing:

 48
 

(a)           the
Administrative Agent determines (which determination shall be conclusive absent
manifest error) that adequate and reasonable means do not exist for
ascertaining the LIBO Rate for such Interest Period; or

(b)           the
Administrative Agent is advised by the Required Lenders that the LIBO Rate for
such Interest Period (together with any amounts payable pursuant to
Section 9.03 or 9.05) will not adequately and fairly reflect the cost to
such Lenders of making or maintaining their Loans included in such Borrowing
for such Interest Period;

then the Administrative Agent shall give notice
thereof to the Borrower and the Lenders by telephone or facsimile or electronic
mail 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, (i) any Interest Election Request 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
Request requests a Eurodollar Borrowing, such Borrowing shall be made as an ABR
Borrowing.  In the case of clause (b)
above, during any such period of suspension each Lender shall, from time to
time upon request from the Borrower, certify its cost of funds for each Interest
Period to the Borrower and the Administrative Agent as soon as practicable (but
in any event not later than 10 Business Days after any such request).

Section
9.02         Illegality. 
Notwithstanding any other provision of any Loan Document, if any Lender
shall notify the Administrative Agent (and provide to the Borrower an opinion
of counsel to the effect) that the introduction of or any change in or in the
interpretation of any law or regulation makes it unlawful, or any central bank
or other governmental authority asserts that it is unlawful, for such Lender or
its lending office for Eurodollar Borrowings to perform its obligations
hereunder to make Eurodollar Loans or to fund or maintain Eurodollar Loans
hereunder, (i) each Eurodollar Loan of such Lender will automatically,
upon such demand, convert into an ABR Loan that bears interest at the rate set
forth in Section 2.12(a) and (ii) the obligation of such Lender to
make or continue, or to convert ABR Loans into, Eurodollar Loans shall be
suspended until the Administrative Agent shall notify the Borrower and such
Lender that the circumstances causing such suspension no longer exist and such
Lender shall make the ABR Loans in the amount and on the dates that it would
have been requested to make Eurodollar Loans had no such suspension been in
effect.

Section
9.03         Increased Costs.

(a)           If
any Change in Law shall:

(i)          impose, modify or
deem applicable any reserve, special deposit or similar requirement against
assets of, deposits with or for the account of, or credit extended by, any
Lender; or

(ii)         impose on any Lender
or the London interbank market any other condition affecting any Loan Document
or Eurodollar Loans made by such Lender;

 49
 

and the result of any of
the foregoing has been 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 reduce the amount of any sum received or receivable by such
Lender hereunder (whether of principal, interest or otherwise) (excluding any
such increased costs or reduction in amount resulting from Taxes or Other
Taxes, as to which Section 9.05 shall govern, or resulting from reserve
commitments contemplated by Section 9.03(c)), then from time to time
within 30 days of written demand therefor (subject to Section 9.06) the
Borrower will pay to such Lender such additional amount or amounts as will
compensate such Lender for such additional costs incurred or reduction
suffered.

(b)           If
any Lender determines that any Change in Law regarding capital requirements has
the effect of reducing the rate of return on such Lender’s capital or on the
capital of such Lender’s holding company, if any, as a consequence of any Loan
Document or the Loans made by such Lender, to a level below that which such
Lender or such Lender’s holding company could have achieved but for such Change
in Law (taking into consideration such Lender’s policies and the policies of
such Lender’s holding company with respect to capital adequacy), then from time
to time within 30 days of written demand therefor (subject to
Section 9.06) the Borrower will pay to such Lender such additional amount
or amounts as will compensate such Lender or such Lender’s holding company for
any such reduction suffered.

(c)           At
any time that any Lender is required to establish or maintain reserves in
respect of its Eurodollar Loans under FRB Regulation D, such Lender may require
the Borrower to pay, contemporaneously with each payment of interest on a
Eurodollar Loan made by such Lender, additional interest on such Eurodollar
Loan at a rate per annum determined by such Lender be sufficient to compensate
it for the cost to it of maintaining, or the reduction in its total return in
respect of, such Eurodollar Loan, up to but not exceeding the excess of (i) (A)
the applicable LIBO Rate divided by (B) one minus the Eurodollar Reserve
Percentage, minus (ii) the applicable LIBO Rate.  Any Lender wishing to require payment of such
additional interest (x) shall so notify the Borrower and the
Administrative Agent, in which case such additional interest on the Eurodollar
Loans of such Lender shall be payable to such Lender at the time and place
indicated at which interest otherwise is payable on such Eurodollar Loan, with
respect to each Interest Period commencing at least three Business Days after
the giving of such notice and (y) shall notify the Borrower at least five
Business Days prior to each date on which interest is payable on the Eurodollar
Loans of the amount then due it under this Section.

(d)           Failure
or delay on the part of any Lender to demand compensation pursuant to this
Section shall not constitute a waiver of such Lender’s right to demand
such compensation; provided that the Borrower shall not be required to
compensate a Lender pursuant to this Section for any increased costs or
reductions incurred more than 90 days prior to the date that such Lender
notifies the Borrower of the Change in Law giving rise to such increased costs
or reductions and of such Lender’s intention to claim compensation therefor.

Section
9.04         Break Funding Payments. 
In the event of (a) the payment of any principal of any Eurodollar Loan
other than on the last day of an Interest Period applicable thereto (including
as a result of an Event of Default), (b) the conversion of any Eurodollar Loan
other than on the last day of the Interest Period applicable thereto, (c) the
failure to borrow, 

 50
 

convert, continue or prepay any Eurodollar
Loan on the date specified in any oral or written notice given pursuant hereto
or (d) the assignment of any Eurodollar Loan other than on the last day of the
Interest Period applicable thereto as a result of a request by the Borrower
pursuant to Section 10.04(e), then, in any such event, the Borrower shall
compensate each Lender for the loss, cost and expense attributable to such
event (including any loss or expense arising from the redeployment of funds
obtained by it to maintain such Eurodollar Loan or from fees payable to
terminate the deposits from which such funds were obtained, but excluding any
loss of anticipated profits) within 10 days of written demand therefor (subject
to Section 9.06).

Section
9.05         Taxes.

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

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

(c)           The
Borrower shall pay and indemnify, defend and hold harmless the Administrative
Agent and each Lender within 30 days after written demand therefor (subject to
Section 9.06), for the full amount of any Indemnified Taxes or Other Taxes
required to be paid by the Administrative Agent or such Lender, as the case may
be, on or with respect to any payment by or on account of any obligation of the
Borrower under any Loan Document (including Indemnified Taxes or Other Taxes
imposed or asserted on or attributable to amounts payable under this Section)
and any penalties, interest and reasonable expenses arising therefrom or with
respect thereto, whether or not such Indemnified Taxes or Other Taxes were
correctly or legally imposed or asserted by the relevant Governmental
Authority.  As soon as practicable after
any payment of Indemnified Taxes or Other Taxes to a Governmental Authority by
the Administrative Agent or such Lender, the Administrative Agent or such
Lender, as the case may be, shall deliver to the Borrower the original or a
certified copy of a receipt issued by such Governmental Authority evidencing
such payment or other evidence of such payment reasonably satisfactory to the
Borrower.

(d)           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 or other evidence of such
payment reasonably satisfactory to the Administrative Agent.

 51
 

(e)           Any Foreign Lender that is entitled
to an exemption from or reduction of United States withholding tax with respect
to payments under this Agreement shall deliver to the Borrower (with a copy to
the Administrative Agent), at the time or times prescribed by applicable law,
such properly completed and executed documentation prescribed by applicable law
or reasonably requested by the Borrower as will permit such payments to be made
without withholding or at a reduced rate.

(f)            If
the Administrative Agent or a Lender determines, in its good faith judgment,
that it has received a refund of any 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 9.05, it shall pay over such
refund to the Borrower (but only to the extent of indemnity payments made, or
additional amounts paid, by the Borrower under this Section 9.05 with
respect to the Taxes or Other Taxes giving rise to such refund), net of all
out-of-pocket expenses of the Administrative Agent or such Lender and without
interest (other than any interest paid by the relevant Governmental Authority
with respect to such refund); provided that the Borrower, upon the request of
the Administrative Agent or such Lender, 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 or such Lender in
the event the Administrative Agent or such Lender is required to repay such
refund to such Governmental Authority. 
This Section shall not be construed to require the Administrative
Agent or any Lender to make available its tax returns (or any other information
relating to its taxes which it deems confidential) to the Borrower or any other
Person.

Section
9.06         Matters Applicable to all Requests for Compensation.  If any Lender or the Administrative Agent is
claiming compensation under Section 9.03, 9.04 or 9.05, it shall deliver
to the Administrative Agent, who shall deliver to the Borrower
contemporaneously with the demand for payment, a certificate setting forth in
reasonable detail the calculation of any additional amount or amounts to be
paid to it hereunder and the basis used to determine such amounts and such
certificate shall be conclusive in the absence of manifest error.  In determining such amount, such Lender or
the Administrative Agent may use any reasonable averaging and attribution
methods.  In any such certificate
claiming compensation under Section 9.03(b), such Lender shall certify
that the claim for additional amounts referred to therein is generally consistent
with such Lender’s treatment of similarly situated customers of such Lender
whose transactions with such Lender are similarly affected by the change in
circumstances giving rise to such payment, but such Lender shall not be
required to disclose any confidential or proprietary information therein.  This Section shall not be construed to
require the Administrative Agent or any Lender to make available its tax
returns (or any other information relating to its taxes which it deems
confidential) to the Borrower or any other Person.

Section
9.07         Mitigation Obligations.  If
any Lender requests compensation under Section 9.03, or if the Borrower is
required to pay any additional amount to any Lender or any Governmental
Authority for the account of any Lender pursuant to Section 9.05, 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 9.03 or 9.05, as
the case may 

 52
 

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.

ARTICLE X

Miscellaneous

Section
10.01       Notices.

(a)           Except
in the case of notices and other communications expressly permitted to be given
by telephone or by other means of communication (and subject to paragraph (b)
below), all notices and other communications provided for herein shall be in
writing and shall be delivered by hand or overnight courier service, mailed by
certified or registered mail or sent by facsimile or electronic mail, as
follows:

(i)          if to the Borrower

Covidien International Finance S.A.

17, bd Grande-Duchesse Charlotte

L-1331 Luxembourg

Attn:  Kevin O’Kelly-Lynch

Tel: +352 46-43-40-351

Fax: +352 46-43-51

email: kokellylynch@tyco.com

with a copy to:

Tyco International Management Company

9 Roszel Rd.

Princeton, NJ  08540

Attention:  General Counsel

Tel:  609-720-4200

Fax:  609-720-4326

(ii)         if to the Guarantor

Tyco International Ltd.

90 Pitts Bay Road, Second Floor

Pembroke HM 08, Bermuda

Attention: Executive Vice President and General
Counsel

Tel:  441-292-8674

Fax: 441-295-9647

 53
 

(iii)        if to the
Administrative Agent, to its applicable address set forth on Schedule 10.01;

and

(iv)       if to any other Lender,
to it at its address (or facsimile number or electronic mail address telephone
number) set forth on Schedule 10.01 or in the Assignment and Assumption
pursuant to which such Lender becomes a party to this Agreement or to such
other address, facsimile number, electronic mail address or telephone number as
shall be designated by such party in a notice to the Borrower and the
Administrative Agent.

(b)           Notices
and other communications to the Administrative Agent and the Lenders hereunder may
be delivered or furnished by electronic communications.  In addition to provisions of this Agreement
expressly specifying that notices and other commitments may be delivered
telephonically or electronically, each of the Administrative Agent or the Borrower
may, in its discretion, agree to accept notices and other communications to it
hereunder by electronic communications; provided that approval of such
procedures may be limited to particular notices or communications.

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

(d)           The
Administrative Agent and the Lenders shall be entitled to rely and act upon any
notices (including telephonic Borrowing Requests and Interest Election
Requests) purportedly given by or on behalf of the Borrower.

Section
10.02       Waivers; Amendments.

(a)           No
failure or delay by the Administrative Agent 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 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 any other Loan Document or consent to any departure by either Obligor
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 shall not be construed as a waiver of
any Default, regardless of whether the Administrative Agent or any Lender may
have had notice or knowledge of such Default at the time.

 54

(b)           Neither
this Agreement nor the Notes, the Guarantor Assumption Agreement or any
Subsidiary Guaranty or any provision hereof or thereof may be waived, amended
or modified except pursuant to an agreement or agreements in writing entered
into by the Obligors, the Subsidiary Guarantors (to the extent applicable) and
the Required Lenders or by the Obligors, the Subsidiary Guarantors (to the
extent applicable) and the Administrative Agent with the consent of the
Required Lenders; provided that no such agreement shall
(i) increase the Commitment of any Lender without the written consent of
such Lender, (ii) reduce the principal amount of any Loan or reduce the
rate of interest thereon, or reduce any fees payable hereunder, without the
written consent of each Lender directly affected thereby, (iii) postpone
the scheduled date of payment of the principal amount of any Loan or any
interest thereon, or any fees payable hereunder, or reduce the amount of, waive
or excuse any such payment, or postpone the scheduled date of expiration of any
Commitment, without the written consent of each Lender directly affected
thereby, (iv) change Section 2.13(b) or (c) in a manner that would
alter the pro rata sharing of payments required thereby, without the written
consent of each Lender, (v) release the Guarantor from its obligations under
Article VIII or any Subsidiary Guarantor which is a Significant Subsidiary from
its obligations under its Subsidiary Guaranty, without the written consent of
each Lender, (vi) change any of the provisions of this Section or the
definition of “Required Lenders” or any other provision hereof
specifying the number or percentage of Lenders required to waive, amend or
modify any rights hereunder or make any determination or grant any consent
hereunder, without the  written consent
of each Lender; provided  further that no such agreement shall
amend, modify or otherwise affect the rights or duties of the Administrative
Agent under any Loan Document without the prior written consent of the
Administrative Agent.

Section
10.03       Expenses; Indemnity; Damage
Waiver.

(a)           The
Borrower shall pay (i) all reasonable out of pocket expenses incurred by
the Administrative Agent, the Global Coordinators and their Affiliates,
including the reasonable fees, charges and disbursements of counsel for the
Administrative Agent, in connection with the syndication of the credit
facilities provided for herein, the preparation, negotiation, execution,
delivery and administration of this Agreement and the other Loan Documents or
any amendments, modifications or waivers of the provisions hereof and thereof
(whether or not the transactions contemplated hereby or thereby shall be
consummated), and (ii) while a Default has occurred and is continuing, all
out-of-pocket expenses incurred by the Administrative Agent and the Lenders,
including reasonable fees, charges and disbursements of counsel in connection
with the enforcement or protection of its rights (A) in connection with
this Agreement and the other Loan Documents, including its rights under this
Section, or (B) in connection with the Loans made hereunder, including all
such out-of-pocket expenses incurred during any workout, or
restructuring negotiations in respect of such Loans.

(b)           The
Borrower shall indemnify the Administrative Agent and each Lender, and each
Related Party of any of the foregoing Persons (each such Person being called an
“Indemnitee”) against, and hold each Indemnitee harmless from, any and
all losses, claims, damages, liabilities and related expenses, including the
reasonable fees, charges and disbursements of any counsel for any Indemnitee,
incurred by or asserted against any Indemnitee arising out of, in connection
with, or as a result of any actual or prospective claim, litigation, 

 55
 

investigation or proceeding (whether based on contract, tort or any
other theory and regardless of whether any Indemnitee is a party thereto)
relating to (A) the execution or delivery of this Agreement or 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 the consummation of the Transactions or any other transactions contemplated
hereby, (B) any Loan or the use of the proceeds therefrom, (C) any
actual or alleged presence or release of Hazardous Materials on or from any
property owned or operated by the Guarantor or any of its Subsidiaries, or any
Environmental Liability related in any way to the Guarantor or any of its
Subsidiaries; provided that such indemnity shall not, as to any
Indemnitee, be available to the extent that such losses, claims, damages,
liabilities or related expenses (x) have resulted from the gross negligence or
willful misconduct of such Indemnitee, as determined by a court of competent
jurisdiction by final and nonappealable judgment (y) resulted from a breach of
the confidentiality provisions contained in Section 10.14 by such
Indemnitee or (z) resulted from a dispute solely among the Lenders that does
not arise from any Obligor’s or Subsidiary Guarantor’s breach of its
obligations under any Loan Document or applicable law.  If any claim, litigation, investigation or
proceeding is asserted against any Indemnitee, such Indemnitee shall, to the
extent permitted by applicable law or regulation in the opinion of its counsel,
notify the Borrower as soon as reasonably practicable, but the failure to so
promptly notify the Borrower shall not affect the Borrower’s obligations under
this Section unless such failure materially prejudices the Borrower’s
right to participate in the contest of such claim, litigation, investigation or
proceeding, as hereinafter provided.  If
requested by the Borrower in writing, such Indemnitee shall make reasonable
good faith efforts to contest the validity, applicability and amount of such
claim, litigation, investigation or proceeding and, except to the extent
prohibited by applicable law or regulations or as would otherwise be
unreasonable in the circumstances or contrary to the internal policies of the
Indemnitee as generally applied, shall permit the Borrower to participate in
such contest.  Any Indemnitee that
proposes to settle or compromise any claim, litigation, investigation or
proceeding for which the Borrower may be liable for payment of indemnity
hereunder shall give the Borrower written notice of the terms of such proposed
settlement or compromise reasonably in advance of settling or compromising such
claim or proceeding and shall obtain the Borrower’s prior written consent (not
to be unreasonably withheld).

(c)           To
the extent that the Borrower fails to pay any amount required to be paid by it
to the Administrative Agent or any Related Party thereof under paragraph (a) or
(b) of this Section, each Lender severally agrees to pay to the Administrative
Agent 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 in its capacity as such, or against any Related Party
acting for the Administrative Agent in connection with such capacity.

(d)           To
the fullest extent permitted by applicable law, the Borrower shall not assert,
and hereby waives, any claim against any Indemnitee, on any theory of
liability, for special, indirect, consequential or punitive damages (as opposed
to direct or actual damages) arising out of, in connection with, or as a result
of, this Agreement or any other Loan Document 

 56
 

or any agreement or instrument contemplated hereby or thereby, the
Transactions, any Loan or the use of the proceeds thereof.  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.

(e)           All
amounts due under this Section shall be payable not later than 10 Business
Days after written demand therefor.

Section
10.04       Successors and Assigns.

(a)           The
provisions of this Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and assigns permitted
hereby, except that (i) other than as contemplated by Section 5.08,
neither the Guarantor nor the Borrower may assign or otherwise transfer any of
its rights or obligations hereunder without the prior written consent of the
Administrative Agent and each Lender (and any attempted assignment or transfer
by the Guarantor or the Borrower without such consent shall be null and void)
and (ii) no Lender may assign or otherwise transfer its rights or
obligations hereunder except in accordance with this Section.  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 (c) 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)           (i)            Subject to the conditions set forth
in paragraph (b)(ii) below, any Lender may assign to one or more assignees
(other than a natural Person) all or a portion of its rights and obligations
under this Agreement (including all or a portion of its Commitment and the
Loans at the time owing to it) with the prior written consent (such consent not
to be unreasonably withheld) of:

(A)          the
Borrower, provided that no consent of the Borrower shall be required for
an assignment to a Lender, an Affiliate of a Lender, an Approved Fund or, if an
Event of Default under clause (a), (b), (h), (i) or (j) of Article VI has
occurred and is continuing, any other Person (other than a natural person); and

(B)           the
Administrative Agent, provided that no consent of the Administrative
Agent shall be required for an assignment to a Lender, an Affiliate of a Lender
or for an assignment by a Lender to an Approved Fund with respect to such
Lender.

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

(A)          except in the case of
an assignment to a Lender or an Affiliate of a Lender or an assignment of the
entire remaining amount of the assigning Lender’s 

 57
 

Commitment or Loans, the amount of the Commitment or
Loans of the assigning Lender subject to each such assignment, and the amount
of the Commitment or Loans of the assigning Lender remaining after each such
assignment (in each case determined as of the date the Assignment and
Assumption with respect to such assignment is delivered to the Administrative
Agent), in each case shall not be less than $10,000,000 unless each of the
Borrower and the Administrative Agent otherwise consent (each such consent not
to be unreasonably withheld or delayed), provided that no such consent
of the Borrower shall be required if an Event of Default under clause (a), (b),
(h), (i) or (j) of Article VI has occurred and is continuing;

(B)           each
partial assignment shall be made as an assignment of a proportionate part of all
the assigning Lender’s rights and obligations under this Agreement; and

(C)           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.

For the purposes of this Section 10.04(b), the
term “Approved Fund” has the following meaning:

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

(iii)        Subject to acceptance
and recording thereof pursuant to paragraph (b)(iv) of this Section, 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 Sections
9.03, 9.04, 9.05 and 10.03).  Upon
request, the Borrower (at its expense) shall execute and deliver a Note to the
assignee Lender, and the Note theretofore held by the assignor Lender shall be
returned to the Borrower in exchange for a new Note, payable to the assignee
Lender and reflecting its retained interest (if any) hereunder.  Any assignment or transfer by a Lender of
rights or obligations under this Agreement that does not comply with this
Section 10.04 shall be treated for purposes of this Agreement as a sale by
such Lender of a participation in such rights and obligations in accordance
with paragraph (c) of this Section.

 58
 

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

(v)        Upon its receipt of a
duly completed Assignment and Assumption executed by an assigning Lender and an
assignee, the processing and recordation fee referred to in paragraph (b) of
this Section and any written consent to such assignment required by
paragraph (b) of this Section, the Administrative Agent shall accept such
Assignment and Assumption and record the information contained therein in the
Register.  No assignment shall be
effective for purposes of this Agreement unless it has been recorded in the
Register as provided in this paragraph.

(c)           (i)            Any Lender may, without the consent
of, or notice to, the Borrower or the Administrative Agent, sell participations
to any Person (other than a natural Person or the Borrower or any of the
Borrower’s Affiliates or subsidiaries) (each a “Participant”) in all or
a portion of such Lender’s rights and obligations under this Agreement
(including all or a portion of its Commitment and the Loans owing to it); provided
that (A) such Lender’s obligations under this Agreement shall remain unchanged,
(B) such Lender shall remain solely responsible to the other parties hereto for
the performance of such obligations and (C) the Borrower, the Administrative
Agent and the other Lenders shall continue to deal solely and directly with
such Lender in connection with such Lender’s rights and obligations under this
Agreement.  Any agreement or instrument
pursuant to which a Lender sells such a participation shall provide that such
Lender shall retain the sole right to enforce this Agreement and to approve any
amendment, modification or waiver of any provision of this Agreement; provided
that such agreement or instrument may provide that such Lender will not,
without the consent of the Participant, agree to any amendment, modification or
waiver described in the first proviso to Section 10.02(b) that affects
such Participant.  Subject to paragraph
(d) of this Section, the Borrower agrees that each Participant shall be
entitled to the benefits of Sections 9.03, 9.04 and 9.05  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 Section 10.08 as
though it were a Lender, provided such Participant agrees to be subject to Section
2.13(c)  as though it were a Lender.

(d)           A
Participant shall not be entitled to receive any greater payment under Sections
9.03 or 9.05  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.  A
Participant that would be a Foreign Lender if it were a Lender shall not be
entitled to the benefits of Section 9.05 unless the Borrower is 

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notified of the participation sold to such Participant and such
Participant agrees, for the benefit of the Borrower, to comply with Section
9.05(e)  as though it were a Lender.

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

(f)            If
(w) any Lender requests compensation under Section 9.03, (x) the Borrower
is required to pay any additional amount to any Lender or any Governmental
Authority for the account of any Lender pursuant to Section 9.05, (y) if
any Lender defaults in its obligation to fund Loans hereunder or (z) if any
Lender refuses to consent to any amendment or waiver under this Agreement which
pursuant to the terms of Section 10.02 requires the consent of all Lenders
or all affected Lenders and with respect to which the Required Lenders shall
have granted their consent, 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 above in Section 10.04), all its interests,
rights and obligations under this Agreement to an assignee that shall assume
such obligations (which assignee may be another Lender, if a Lender accepts
such assignment); provided that (i) such assigning Lender shall
have received payment of an amount equal to the outstanding principal of its
Loans, accrued interest thereon, accrued fees and all other amounts payable to
it hereunder, from the assignee (to the extent of such outstanding principal
and accrued interest and fees) or the Borrower (in the case of all other
amounts) and (ii) in the case of any such assignment resulting from a
claim for compensation under Section 9.03 or payments required to be made
pursuant to Section 9.05, such assignment will result in a reduction in
such compensation or payments.  A Lender
shall not be required to make any such assignment and delegation if, prior
thereto, as a result of a waiver by such Lender or otherwise, the circumstances
entitling the Borrower to require such assignment and delegation cease to
apply.

(g)           Notwithstanding
anything to the contrary contained herein, any Lender (a “Granting Lender”)
may grant to a special purpose funding vehicle identified as such in writing
from time to time by the Granting Lender to the Administrative Agent and the
Borrower (an “SPC”) the option to provide all or any part of any Loan
that such Granting Lender would otherwise be obligated to make pursuant to this
Agreement; provided that (i) nothing herein shall constitute a
commitment by any SPC to fund any Loan, and (ii) if an SPC elects not to
exercise such option or otherwise fails to make all or any part of such Loan,
the Granting Lender shall be obligated to make such Loan pursuant to the terms
hereof.  Each party hereto hereby agrees
that (i) neither the grant to any SPC nor the exercise by any SPC of such
option shall increase the costs or expenses or otherwise increase or change the
obligations of the Borrower under this Agreement (including its obligations
under Section 9.03), (ii) no SPC shall be liable for any indemnity or similar
payment obligation under this Agreement for which a Lender would be liable, and
(iii) the Granting Lender shall for all purposes, including the approval of any
amendment, waiver or other modification of any provision of any Loan Document,
remain the 

 60
 

lender of record hereunder.  The
making of a Loan by an SPC hereunder shall utilize the Commitment of the
Granting Lender to the same extent, and as if, such Loan were made by such
Granting Lender.  In furtherance of the
foregoing, each party hereto hereby agrees (which agreement shall survive the
termination of this Agreement) that, prior to the date that is one year and one
day after the payment in full of all outstanding commercial paper or other
senior debt of any SPC, it will not institute against, or join any other Person
in instituting against, such SPC any bankruptcy, reorganization, arrangement,
insolvency, or liquidation proceeding under the laws of the United States or
any State thereof.  Notwithstanding
anything to the contrary contained herein, any SPC may (i) with notice to, but
without prior consent of the Borrower and the Administrative Agent and with the
payment of a processing fee of $3,500, assign all or any portion of its right
to receive payment with respect to any Loan to the Granting Lender and (ii)
disclose on a confidential basis any non-public information relating to its
funding of Loans to any rating agency, commercial paper dealer or provider of
any surety or Guarantee or credit or liquidity enhancement to such SPC.

(h)           Notwithstanding anything to the contrary
contained herein, any Lender that is a Fund may create a security interest in
all or any portion of the Loans owing to it and the Note, if any, held by it to
the trustee for holders of obligations owed, or securities issued, by such Fund
as security for such obligations or securities, provided that unless and
until such trustee actually becomes a Lender in compliance with the other provisions
of this Section 10.04, (i) no such pledge shall release the pledging Lender
from any of its obligations under the Loan Documents and (ii) such trustee
shall not be entitled to exercise any of the rights of a Lender under the Loan
Documents even though such trustee may have acquired ownership rights with
respect to the pledged interest through foreclosure or otherwise.

Section
10.05       Survival.  All
covenants, agreements, representations and warranties made by the Obligors
herein and in the other Loan Documents and in the certificates or other
instruments delivered in connection with or pursuant to this Agreement or the
other Loan Documents 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, regardless of any investigation made by any such
other party or on its behalf and notwithstanding that the Administrative Agent
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 or the
other Loan Documents is outstanding and unpaid and so long as the Commitments
have not expired or terminated.  The
provisions of Sections 9.03, 9.04, 9.05 and 10.03 and Article VII 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 Commitments or the termination of this Agreement, any other
Loan Document or any provision hereof or thereof.

Section
10.06       Counterparts; Integration; Effectiveness.  This Agreement may be executed in
counterparts (and by different parties hereto on different counterparts), each
of which shall constitute an original, but all of which when taken together
shall constitute a single contract.  This
Agreement and the other Loan Documents constitute the entire contract among the
parties relating to the subject matter hereof and thereof and supersede any and
all previous 

 61
 

agreements and understandings, oral or
written, relating to the subject matter hereof or thereof.  In the event of any conflict between the
provisions of this Agreement and those of any other Loan Document, the
provisions of this Agreement shall control; provided that the inclusion
of supplemental rights or remedies in favor of the Administrative Agent or the
Lenders in any other Loan Document shall not be deemed a conflict with this
Agreement.  Each Loan Document was
drafted with the joint participation of the respective parties thereto and
shall be construed neither against nor in favor of any party, but rather in
accordance with the fair meaning thereof. 
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 which, when
taken together, bear the signatures of each of the other parties hereto, and
thereafter shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and assigns. 
Delivery of an executed counterpart of a signature page of this
Agreement by facsimile shall be effective as delivery of a manually executed
counterpart of this Agreement.

Section
10.07       Severability.  If any
provision of this Agreement or the other Loan Documents is held to be illegal,
invalid or unenforceable, (a) the legality, validity and enforceability of the
remaining provisions of this Agreement and the other Loan Documents shall not
be affected or impaired thereby and (b) the parties shall endeavor in good
faith negotiations to replace the illegal, invalid or unenforceable provisions
with valid provisions the economic effect of which comes as close as possible
to that of the illegal, invalid or unenforceable provisions.  The invalidity of a provision in a particular
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction.

Section
10.08       Right of Setoff.  If
an Event of Default shall have occurred and be continuing, upon the making of
the request, or the granting of the consent, if required under Article VI to
authorize the Administrative Agent to declare the Loans due and payable, each
Lender and each of its 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 or Affiliate to or for the
credit or the account of the Borrower or the Guarantor against any and all of
the obligations of the Borrower or the Guarantor now or hereafter existing
under this Agreement or the other Loan Documents to such Lender, irrespective
of whether or not such Lender shall have made any demand under this Agreement
or any other Loan Document and although such obligations of the Borrower or the
Guarantor may be contingent or unmatured or are owed to a branch or office of
such Lender different from the branch or office holding such deposit or
obligated on such indebtedness.  The
rights of each Lender and its Affiliates under this Section are in addition to
other rights and remedies (including other rights of setoff) that such Lender
or its Affiliates may have.  Each Lender
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
10.09       Governing Law; Jurisdiction;
Consent to Service of Process.

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(a)           This
Agreement and the Notes shall be governed by, and construed in accordance with,
the law of the State of New York.

(b)           Each
Obligor hereby irrevocably and unconditionally submits, for itself and its
property, to the nonexclusive jurisdiction of the Supreme Court of the State of
New York sitting in New York County and 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 the
other Loan Documents, or for recognition or enforcement of any judgment, and
each of the parties hereto hereby irrevocably and unconditionally agrees that
all claims in respect of any such action or proceeding may be heard and determined
in such New York State or, to the extent permitted by law, in such Federal
court.  Each of the parties hereto agrees
that 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 any other Loan Document shall affect any right that the
Administrative Agent or any Lender may otherwise have to bring any action or
proceeding relating to this Agreement or any other Loan Document against the
Obligors or their respective properties in the courts of any jurisdiction.

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

(d)           Each
Obligor hereby irrevocably designates and appoints CT Corporation System,
having an office on the date hereof at 111 Eighth Avenue, New York, New York
10011 as its authorized agent, to accept and acknowledge on its behalf, service
of any and all process which may be served in any suit, action or proceeding of
the nature referred to in paragraph (b) hereof in any Federal or New York State
court sitting in New York City.  Each
Obligor represents and warrants that such agent has agreed in writing to accept
such appointment and that a true copy of such designation and acceptance has
been delivered to the Administrative Agent. 
If such agent shall cease so to act, each Obligor covenants and agrees
to designate irrevocably and appoint without delay another such agent
satisfactory to the Administrative Agent and to deliver promptly to the
Administrative Agent evidence in writing of such other agent’s acceptance of
such appointment.

(e)           Each
Lender and the Administrative Agent irrevocably consents to service of process
in the manner provided for notices in Section 10.01.

(f)            Nothing
in this Agreement or any other Loan Document will affect the right of any party
to this Agreement to serve process in any other manner permitted by law.

Section
10.10       Waiver of Jury Trial. 
EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR 

 63
 

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

Section
10.11       Waiver of Immunities. 
TO THE EXTENT PERMITTED BY APPLICABLE LAW, IF EITHER OBLIGOR HAS OR
HEREAFTER MAY ACQUIRE ANY IMMUNITY (SOVEREIGN OR OTHERWISE) FROM ANY LEGAL
ACTION, SUIT OR PROCEEDING, FROM JURISDICTION OF ANY COURT OR FROM SET-OFF OR
ANY LEGAL PROCESS (WHETHER SERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT,
ATTACHMENT IN AID OF EXECUTION OF JUDGMENT, EXECUTION OF JUDGMENT OR OTHERWISE)
WITH RESPECT TO ITSELF OR ANY OF ITS PROPERTY, SUCH OBLIGOR HEREBY IRREVOCABLY
WAIVES AND AGREES NOT TO PLEAD OR CLAIM SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS
UNDER THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT.  EACH OBLIGOR AGREES THAT THE WAIVERS SET
FORTH ABOVE SHALL BE TO THE FULLEST EXTENT PERMITTED UNDER THE FOREIGN
SOVEREIGN IMMUNITIES ACT OF 1976 OF THE UNITED STATES OF AMERICA AND ARE
INTENDED TO BE IRREVOCABLE AND NOT SUBJECT TO WITHDRAWAL FOR PURPOSES OF SUCH
ACT.

Section
10.12       Judgment Currency. 
If, under any applicable law and whether pursuant to a judgment being
made or registered against either Obligor or for any other reason, any payment
under or in connection with this Agreement or any other Loan Document, is made
or satisfied in a currency (the “Other Currency”) other than that in
which the relevant payment is due (the “Required Currency”) then, to the
extent that the payment (when converted into the Required Currency at the rate
of exchange on the date of payment or, if it is not practicable for the party
entitled thereto (the “Payee”) to purchase the Required Currency with
the Other Currency on the date of payment, at the rate of exchange as soon
thereafter as it is practicable for it to do so) actually received by the Payee
falls short of the amount due under the terms of this Agreement or any other
Loan Document, such Obligor shall, to the extent permitted by law, as a
separate and independent obligation, indemnify and hold harmless the Payee
against the amount of such shortfall. For the purpose of this Section, “rate
of exchange” means the rate at which the Payee is able on the relevant date
to purchase the Required Currency with the Other Currency and shall take into
account any premium and other costs of exchange.

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

 64

Section 10.14       Confidentiality.  Each
of the Administrative Agent and the Lenders shall maintain the confidentiality
of the Information (as defined below) and shall not use the Information except
for purposes relating directly to this Agreement, the other Loan Documents and
the Transactions, except that Information may be disclosed by the
Administrative Agent and the Lenders (a) to their and their Affiliates’
directors, officers, employees and agents whom they determine need to know such
Information in connection with matters relating directly to this Agreement, the
other Loan Documents and the Transactions, including accountants, legal counsel
and other advisors (it being understood that the Persons to whom such
disclosure is made will be informed of the confidential nature of such
Information and instructed to keep such Information confidential and the
Administrative Agent or the applicable Lenders shall be responsible for breach
of this Section by any such Person to whom it disclosed such Information),
(b) to the extent requested by any governmental
authority or regulatory agency (including any self-regulatory authority,
such as the National Association of Insurance Commissioners), (c) to the extent
required by applicable laws or regulations or upon order of any court or
administrative agency of competent jurisdiction, to the extent required by such
order and not effectively stayed on appeal or otherwise, or as otherwise
required by law; provided that in the case of any intended disclosure
under this clause (c), the recipient thereof shall (unless otherwise required
by applicable law) give the Guarantor not less than five Business Days’ prior
notice (or such shorter period as may, in the good faith discretion of the
recipient, be reasonable under the circumstances or may be required by any
court or agency under the circumstances), specifying the Information involved
and stating such recipient’s intention to disclose such Information (including
the manner and extent of such disclosure) in order to allow the Guarantor an
opportunity to seek an appropriate protective order, (d) to any other party
hereto, (e) in connection with the exercise of any remedies under this
Agreement, 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 in writing to be bound by the
provisions of this Section (and of which the Guarantor shall be a third party
beneficiary) or in the case of a repurchase arrangement (“repo transaction”)
subject to an arrangement to be bound by provisions at least as restrictive as
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 any other Loan Document 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 written consent of the
Borrower referencing this Section 10.14, or (h) to the extent such
Information (x) becomes publicly available other than as a result of a breach
of this Section, a breach of another confidentiality agreement to which the
Administrative Agent or such Lender is a party or any other legal or fiduciary
obligation of the Administrative Agent or such Lender or (y) becomes available
to the Administrative Agent or any Lender on a nonconfidential basis from a
source other than the Borrower.  For
purposes of this Section, “Information” means all information received
from or on behalf of any Obligor or Subsidiary Guarantor relating to any
Obligor or any Subsidiary Guarantor or any of their respective businesses,
other than any such information that the Administrative Agent or any Lender
proves is available to the Administrative Agent or any Lender on a
nonconfidential basis prior to disclosure by any Obligor or any Subsidiary
Guarantor from a source which is not, to the knowledge of the recipient,
prohibited from disclosing such information by a confidentiality agreement  or other legal or fiduciary obligation to the
Obligors or Subsidiary Guarantors.  Any
Person required to 

 65
 

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 taken normal and reasonable precautions and exercised due care to
maintain the confidentiality of such Information.  In addition to other remedies, the Obligors
shall be entitled to specific performance and injunctive and other equitable
relief for breach of this Section 10.14.

Section 10.15       Electronic
Communications.

(a)           Each Obligor hereby
agrees that except to the extent provided in clause (i) of the final sentence
of Section 5.01, it will provide to the Administrative Agent all information,
documents or other materials that it is obligated to furnish to the
Administrative Agent pursuant to this Agreement or any other Loan Document,
including, without limitation, all notices, requests, financial statements,
financial and other reports, certificates and other information materials, but
excluding any such communication that (i) relates to a request for a new, or a
conversion of an existing, borrowing or other extension of credit (including
any election of an interest rate or interest period relating thereto), (ii)
relates to the payment of any principal or other amount due under this
Agreement or any other Loan Document prior to the scheduled date therefor,
(iii) provides notice of any Default or Event of Default, (iv) is required to
be delivered to satisfy any condition precedent to the effectiveness of this
Agreement and/or any Borrowing hereunder or (v) initiates or responds to legal
process (all such non-excluded information being referred to herein
collectively as the “Communications”) by transmitting the Communications
in an electronic/soft medium (provided such Communications contain any required
signatures) in a format acceptable to the Administrative Agent to
oploanswebadmin@citigroup.com (or such other e-mail address designated by the
Administrative Agent from time to time).

(b)           Each party hereto
agrees that the Administrative Agent may make the Communications available to
the Lenders by posting the Communications on IntraLinks or another relevant
website, if any, to which each Lender and the Administrative Agent have access
(whether a commercial, third-party website or whether sponsored by the
Administrative Agent) (the “Platform”). 
Nothing in this Section 5.01 shall prejudice the right of the
Administrative Agent to make the Communications available to the Lenders in any
other manner specified in this Agreement.

(c)           Each Obligor hereby
acknowledges that certain of the Lenders may be “public-side” Lenders (i.e.,
Lenders that do not wish to receive material non-public information with
respect to Obligors or their securities) (each, a “Public Lender”).  The Obligors hereby agree that (i)
Communications that are to be made available on the Platform to Public Lenders
shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall
mean that the word “PUBLIC” shall appear prominently on the first page thereof,
(ii) by marking Communications “PUBLIC,” each Obligor shall be deemed to have
authorized the Administrative Agent and the Lenders to treat such
Communications as either publicly available information or not material
information (although it may be sensitive and proprietary) with respect to the
Obligors or their securities for purposes of United States Federal and state
securities laws, (iii) all Communications marked “PUBLIC” are permitted to be
made available through a portion of the Platform designated “Public Lender,”
and (iv) the Administrative Agent 

 66
 

shall be
entitled to treat any Communications that are not marked “PUBLIC” as being
suitable only for posting on a portion of the Platform not designated “Public
Lender.”

(d)           Each Lender agrees
that e-mail notice to it (at the address provided pursuant to the next sentence
and deemed delivered as provided in the next paragraph) specifying that
Communications have been posted to the Platform shall constitute effective
delivery of such Communications to such Lender for purposes of this
Agreement.  Each Lender agrees (i) to
notify the Administrative Agent in writing (including by electronic
communication) from time to time to ensure that the Administrative Agent has on
record an effective e-mail address for such Lender to which the foregoing
notice may be sent by electronic transmission and (ii) that the foregoing
notice may be sent to such e-mail address.

(e)           Each party hereto
agrees that any electronic communication referred to in this Section 10.15
shall be deemed delivered upon the posting of a record of such communication
(properly addressed to such party at the e-mail address provided to the
Administrative Agent) as “sent” in the e-mail system of the sending party or,
in the case of any such communication to the Administrative Agent, upon the
posting of a record of such communication as “received” in the e-mail system of
the Administrative Agent; provided
that if such communication is not so received by any party during the normal
business hours of the Administrative Agent, such communication shall be deemed
delivered at the opening of business on the next Business Day for the
Administrative Agent.

(f)            Each party hereto
acknowledges that (i) the distribution of material through an electronic medium
is not necessarily secure and that there are confidentiality and other risks
associated with such distribution, (ii) the Communications and the Platform are
provided “as is” and “as available,” (iii) none of the Administrative Agent,
its affiliates nor any of their respective officers, directors, employees,
agents, advisors or representatives (collectively, the “Agent Parties”)
warrants the adequacy, accuracy or completeness of the Communications or the
Platform , and each Agent Party expressly disclaims liability for errors or
omissions in any Communications or the Platform, and (iv) no warranty of any
kind, express, implied or statutory, including, without limitation, any
warranty of merchantability, fitness for a particular purpose, non-infringement
of third party rights or freedom from viruses or other code defects, is made by
any Agent Party in connection with any Communications or the Platform.

Section 10.16       USA PATRIOT Act Notice. 
Each Lender that is subject to the Act (as hereinafter defined) and the
Administrative Agent (for itself and not on behalf of any Lender) hereby
notifies the Obligors and the H Guarantor that pursuant to the requirements of
the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)) (the “Act”), it is required to obtain, verify and record
information that identifies the Obligors and the H Guarantor, which information
includes the name and address of the Obligors and the H Guarantor and other
information that will allow such Lender or the Administrative Agent, as
applicable, to identify the Obligors and the H Guarantor in accordance with the
Act.

[Remainder
of page intentionally left blank]

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 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

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.

 

	
  

  	
  COVIDIEN INTERNATIONAL FINANCE S.A.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Michelangelo F. Stefani

  
	
   

  	
   

  	
  Name: 

  	
  Michelangelo F. Stefani

  
	
   

  	
   

  	
  Title: 

  	
  Managing Director

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  TYCO INTERNATIONAL LTD.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Christopher J. Coughlin

  
	
   

  	
   

  	
  Name: 

  	
  Christopher J. Coughlin

  
	
   

  	
   

  	
  Title: 

  	
  Senior Vice President and Chief Financial Officer

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  COVIDIEN LTD.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Charles J. Dockendorff

  
	
   

  	
   

  	
  Name: 

  	
  Charles J. Dockendorff

  
	
   

  	
   

  	
  Title: 

  	
  Executive Vice President and Chief Financial Officer

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  CITIBANK, N.A., as a Lender and as Administrative
  Agent

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Kevin A. Ege

  
	
   

  	
   

  	
  Name: 

  	
  Kevin A. Ege

  
	
   

  	
   

  	
  Title: 

  	
  Vice President

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  UBS LOAN FINANCE LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Irja R. Otsa

  
	
   

  	
   

  	
  Name: 

  	
  Irja R. Otsa

  
	
   

  	
   

  	
  Title: 

  	
  Associate Director Banking Products Services, US

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ David B. Julie

  
	
   

  	
   

  	
  Name: 

  	
  David B. Julie

  
	
   

  	
   

  	
  Title: 

  	
  Associate Director Banking Products Services, US

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  BANK OF AMERICA, N.A.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Craig Murlless

  
	
   

  	
   

  	
  Name: 

  	
  Craig Murlless

  
	
   

  	
   

  	
  Title: 

  	
  Senior Vice President

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  BNP PARIBAS

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Richard Pace

  
	
   

  	
   

  	
  Name: 

  	
  Richard Pace

  
	
   

  	
   

  	
  Title: 

  	
  Managing Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Nanette Baudon

  
	
   

  	
   

  	
  Name: 

  	
  Nanette Baudon

  
	
   

  	
   

  	
  Title: 

  	
  Vice President

  

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  DEUTSCHE BANK AG NEW YORK BRANCH

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Frederick W. Laird

  
	
   

  	
   

  	
  Name: 

  	
  Frederick W. Laird

  
	
   

  	
   

  	
  Title: 

  	
  Managing Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Ming K. Chu

  
	
   

  	
   

  	
  Name: 

  	
  Ming K. Chu

  
	
   

  	
   

  	
  Title: 

  	
  Vice President

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  MORGAN STANLEY SENIOR FUNDING, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Jaap L. Tonckens

  
	
   

  	
   

  	
  Name: 

  	
  Jaap L. Tonckens

  
	
   

  	
   

  	
  Title: 

  	
  Vice President

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  WILLIAM STREET
  COMMITMENT CORPORATION

  (Recourse only to assets of William Street

  Commitment Corporation)

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Mark Walton

  
	
   

  	
   

  	
  Name: 

  	
  Mark Walton

  
	
   

  	
   

  	
  Title: 

  	
  Assistant Vice President

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  BARCLAYS BANK PLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Nicholas A. Bell

  
	
   

  	
   

  	
  Name: 

  	
  Nicholas A. Bell

  
	
   

  	
   

  	
  Title: 

  	
  Director

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  JPMORGAN CHASE BANK, N.A.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Anthony W. White

  
	
   

  	
   

  	
  Name: 

  	
  Anthony W. White

  
	
   

  	
   

  	
  Title: 

  	
  Vice President

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  LEHMAN BROTHERS BANK, FSB

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Janine M. Shugan

  
	
   

  	
   

  	
  Name: 

  	
  Janine M. Shugan

  
	
   

  	
   

  	
  Title: 

  	
  Authorized Signatory

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  ABN AMRO BANK N.V.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ David Carroll

  
	
   

  	
   

  	
  Name: 

  	
  David Carroll

  
	
   

  	
   

  	
  Title: 

  	
  Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Gary A. Pirri

  
	
   

  	
   

  	
  Name:

  	
  Gary A. Pirri

  
	
   

  	
   

  	
  Title:

  	
  S.V.P.

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  MIZUHO CORPORATE BANK (USA)

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Raymond Ventura

  
	
   

  	
   

  	
  Name: 

  	
  Raymond Ventura

  
	
   

  	
   

  	
  Title: 

  	
  Senior Vice President

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  SUMITOMO MITSUI BANKING CORPORATION, NEW YORK

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Yoshihiro Hyakutome

  
	
   

  	
   

  	
  Name: 

  	
  Yoshihiro Hyakutome

  
	
   

  	
   

  	
  Title: 

  	
  General Manager

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  BAYERISCHE LANDESBANK, NEW YORK BRANCH

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Nikolai von Mengden

  
	
   

  	
   

  	
  Name: 

  	
  Nikolai von Mengden

  
	
   

  	
   

  	
  Title: 

  	
  Senior Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Donna M. Quilty

  
	
   

  	
   

  	
  Name:

  	
  Donna M. Quilty

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  ING CAPITAL LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ John Kippax

  
	
   

  	
   

  	
  Name: 

  	
  John Kippax

  
	
   

  	
   

  	
  Title: 

  	
  Managing Director

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  INTESA SANPAOLO
  S.P.A., NEW YORK BRANCH (AS SUCCESSOR TO SANPAOLO IMI S.P.A.)

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Luca Sacchi

  
	
   

  	
   

  	
  Name: 

  	
  Luca Sacchi

  
	
   

  	
   

  	
  Title: 

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Renato Carducci

  
	
   

  	
   

  	
  Name:

  	
  Renato Carducci

  
	
   

  	
   

  	
  Title:

  	
  General Manager

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  MELLON BANK, N.A.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Daniel J. Lenckos

  
	
   

  	
   

  	
  Name: 

  	
  Daniel J. Lenckos

  
	
   

  	
   

  	
  Title: 

  	
  First Vice President

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  SOCIETE GENERALE

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Nigel Elvey

  
	
   

  	
   

  	
  Name: 

  	
  Nigel Elvey

  
	
   

  	
   

  	
  Title: 

  	
  Vice President

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  THE BANK OF NOVA SCOTIA

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Gregory E. George

  
	
   

  	
   

  	
  Name: 

  	
  Gregory E. George

  
	
   

  	
   

  	
  Title: 

  	
  Managing Director

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Jay Levit

  
	
   

  	
   

  	
  Name: 

  	
  Jay Levit

  
	
   

  	
   

  	
  Title: 

  	
  Vice President Global Corporate Banking

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Anne-Maureen Sarfati

  
	
   

  	
   

  	
  Name:

  	
  Anne-Maureen Sarfati

  
	
   

  	
   

  	
  Title: 

  	
  Vice President Global Corporate Banking

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  THE NORTHERN TRUST COMPANY

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Reid Acord

  
	
   

  	
   

  	
  Name: 

  	
  Reid Acord

  
	
   

  	
   

  	
  Title: 

  	
  2nd VP

  

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  WESTPAC BANKING CORPORATION

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Bradley Scammell

  
	
   

  	
   

  	
  Name: 

  	
  Bradley Scammell

  
	
   

  	
   

  	
  Title: 

  	
  Head of Corporate and Institutional Banking Americas

  

 

 

 [Signature Page to Five-Year Senior Credit Agreement (Healthcare)]

 

	
  

  	
  THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  By

  	
  /s/ Fergus McDonald

  
	
   

  	
   

  	
  Name: 

  	
  Fergus McDonald

  
	
   

  	
   

  	
  Title: 

  	
  Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Emer Haughey

  
	
   

  	
   

  	
  Name: 

  	
  Emer Haughey

  
	
   

  	
   

  	
  Title:

  	
  Deputy Manager

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]