Document:

<PAGE>   1
                                                                  Exhibit 10(ii)

                                                               EXECUTION VERSION

================================================================================

                                CREDIT AGREEMENT
                                    (364-DAY)

                            Dated as of May 10, 2001

                                      among

                               HARRIS CORPORATION,

                                as the Borrower,

                                 SUNTRUST BANK,

                             as Administrative Agent

                             BANK OF AMERICA, N.A.,

                              as Syndication Agent

                                       and

                         The Other Lenders Party Hereto

                         BANC OF AMERICA SECURITIES LLC,

                   as Sole Lead Arranger and Sole Book Manager

================================================================================
<PAGE>   2
                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                       PAGE
                                                                                                       ----
<S>                                                                                                    <C>
ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS.............................................................1
         1.01     Defined Terms.........................................................................1
         1.02     Other Interpretive Provisions........................................................14
         1.03     Accounting Terms.....................................................................15
         1.04     Rounding.............................................................................15
         1.05     References to Agreements and Laws....................................................15

ARTICLE II. THE COMMITMENTS AND CREDIT EXTENSIONS......................................................15
         2.01     Loans................................................................................15
         2.02     Borrowings, Conversions and Continuations of Loans...................................16
         2.03     Prepayments..........................................................................17
         2.04     Optional Reduction or Termination of Commitments.....................................18
         2.05     Extension of Maturity Date...........................................................18
         2.06     Repayment of Loans...................................................................18
         2.07     Interest.............................................................................18
         2.08     Fees.................................................................................19
         2.09     Computation of Interest and Fees.....................................................20
         2.10     Evidence of Debt.....................................................................20
         2.11     Payments Generally...................................................................21
         2.12     Sharing of Payments..................................................................22
         2.13     Increase in Commitments..............................................................23

ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY....................................................24
         3.01     Taxes................................................................................24
         3.02     Illegality...........................................................................25
         3.03     Inability to Determine Rates.........................................................26
         3.04     Increased Cost and Reduced Return; Capital Adequacy
                  Reserves on Eurodollar Rate Loans....................................................26
         3.05     Funding Losses.......................................................................27
         3.06     Matters Applicable to all Requests for Compensation..................................28
         3.07     Survival.............................................................................28
         3.08     Change in Lending Office; Limitation on Increased Costs..............................28

ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS..................................................28
         4.01     Conditions of Initial Credit Extension...............................................29
         4.02     Conditions to all Credit Extensions..................................................30

ARTICLE V. REPRESENTATIONS AND WARRANTIES..............................................................30
         5.01     Existence, Qualification.............................................................30
         5.02     Authorization; No Contravention......................................................31
         5.03     Governmental Authorization...........................................................31
         5.04     Binding Effect.......................................................................31
         5.05     Financial Statements; No Material Adverse Change.....................................31
</TABLE>

                                       i
<PAGE>   3
<TABLE>
<S>                                                                                                    <C>
         5.06     Litigation...........................................................................31
         5.07     ERISA Compliance.....................................................................31
         5.08     Real Property........................................................................31
         5.09     Margin Regulations; Investment Company Act; Public
                  Utility Holding Company Act..........................................................32
         5.10     Outstanding Loans....................................................................32
         5.11     Taxes................................................................................33
         5.12     Intellectual Property; License, Etc..................................................33
         5.13     Disclosure...........................................................................33

ARTICLE VI. AFFIRMATIVE COVENANTS......................................................................33
         6.01     Reporting Requirements...............................................................33
         6.02     Corporate Existence..................................................................35
         6.03     Compliance with Laws, Etc............................................................35
         6.04     Certificates.........................................................................35
         6.05     Covenant to Secure Notes Equally.....................................................36
         6.06     Maintenance of Properties............................................................36
         6.07     Maintenance of Insurance.............................................................36
         6.08     Taxes and Other Claims...............................................................36
         6.09     Environmental Laws...................................................................36
         6.10     Books and Records....................................................................37
         6.11     Compliance with ERISA................................................................37

ARTICLE VII. NEGATIVE COVENANTS........................................................................37
         7.01     Liens................................................................................37
         7.02     Merger, Consolidation and Sale of Assets.............................................40
         7.03     Sale and Leaseback...................................................................41
         7.04     Certain Investments..................................................................41
         7.05     Use of Proceeds......................................................................41
         7.06     Financial Covenants..................................................................41

ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES...........................................................42
         8.01     Events of Default....................................................................42

ARTICLE IX. ADMINISTRATIVE AGENT.......................................................................45
         9.01     Appointment and Authorization of Administrative Agent................................45
         9.02     Delegation of Duties.................................................................45
         9.03     Liability of Administrative Agent....................................................45
         9.04     Reliance by Administrative Agent.....................................................45
         9.05     Notice of Default....................................................................46
         9.06     Credit Decision; Disclosure of Information by Administrative Agent...................46
         9.07     Indemnification of Administrative Agent..............................................47
         9.08     Administrative Agent in its Individual Capacity......................................47
         9.09     Successor Administrative Agent.......................................................48
         9.10     Other Agents; Lead Managers..........................................................48

ARTICLE X. MISCELLANEOUS...............................................................................48
</TABLE>

                                       ii
<PAGE>   4
<TABLE>
<S>                                                                                                    <C>
         10.01    Amendments, Etc......................................................................48
         10.02    Notices and Other Communications; Facsimile Copies...................................49
         10.03    No Waiver; Cumulative Remedies.......................................................50
         10.04    Attorney Costs, Expenses and Taxes...................................................50
         10.05    Indemnification by the Borrower......................................................51
         10.06    Payments Set Aside...................................................................52
         10.07    Successors and Assigns...............................................................52
         10.08    Confidentiality......................................................................55
         10.09    Set-off..............................................................................55
         10.10    Interest Rate Limitation.............................................................56
         10.11    Counterparts.........................................................................56
         10.12    Integration..........................................................................56
         10.13    Survival of Representations and Warranties...........................................56
         10.14    Severability.........................................................................56
         10.15    Foreign Lenders......................................................................57
         10.16    Removal and Replacement of Lenders...................................................67
         10.17    Governing Law........................................................................58
         10.18    Waiver of Right to Trial by Jury.....................................................59
         10.19    ENTIRE AGREEMENT.....................................................................59
</TABLE>

SCHEDULES

2.01     Commitments and Pro Rata Shares
5.06     Litigation
5.12     Intellectual Property
7.01     Existing Liens
10.02    Eurodollar and Domestic Lending Offices, Addresses for Notices

EXHIBITS

         FORM OF

A        Loan Notice
B        Note
C        Compliance Certificate
D        Assignment and Acceptance
E        Closing Date Opinion of Counsel (content summary)

                                      iii
<PAGE>   5
                                CREDIT AGREEMENT
                                    (364-DAY)

         This CREDIT AGREEMENT (364-Day) ("Agreement") is entered into as of May
10, 2001, among HARRIS CORPORATION, a Delaware corporation (the "Borrower"),
each lender from time to time party hereto (collectively, the "Lenders" and
individually, a "Lender"), Bank of America, N.A., as Syndication Agent and
SUNTRUST BANK, as Administrative Agent.

         WHEREAS, the Borrower has requested that the Lenders provide a
revolving credit facility, and the Lenders are willing to do so on the terms and
conditions set forth herein;

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

                                   ARTICLE I
                        DEFINITIONS AND ACCOUNTING TERMS

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

         "3-Year Credit Agreement" means that certain Credit Agreement (3-Year)
dated as of May 10, 2001 among the Borrower, the lenders from time to time party
thereto and SunTrust Bank, as administrative agent for itself and such lenders.

         "Acquisition" means the acquisition of (a) a controlling equity
interest in another Person (including the purchase of an option, warrant or
convertible or similar type security to acquire such a controlling interest at
the time it becomes exercisable by the holder thereof), whether by purchase of
such equity interest or upon exercise of an option or warrant for, or conversion
of securities into, such equity interest, or (b) assets of another Person which
constitute all or substantially all of the assets of such Person or a line or
lines of business conducted by such Person.

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

         "Administrative Agent's Office" means the Administrative Agent's
address and, as appropriate, account as set forth on Schedule 10.02, or such
other address or account as the Administrative Agent may from time to time
notify to the Borrower and the Lenders.

         "Affiliate" means, as to any Person, any other Person directly or
indirectly controlling, controlled by, or under direct or indirect common
control with, such Person. A Person shall be deemed to be "controlled by" any
other Person if such other Person possesses, directly or indirectly, power (a)
to vote 10% or more of the securities having ordinary voting power for the
election of directors or managing general partners; or (b) to direct or cause
the direction of the management and policies of such Person whether by contract
or otherwise.

         "Agent Fee Letter" has the meaning set forth in Section 2.08(d).

                                       1
<PAGE>   6
         "Agent-Related Persons" means (a) the Administrative Agent (including
any successor administrative agent), together with its Affiliates, and the
officers, directors, employees, agents and attorneys-in-fact of such Persons and
Affiliates and (b) the Syndication Agent (including any successor syndication
agent), together with its Affiliates (including, in the case of Bank of America
in its capacity as Syndication Agent, the Arranger), and the officers,
directors, employees, agents and attorneys-in-fact of such Persons and
Affiliates.

         "Aggregate Commitments" has the meaning set forth in the definition of
"Commitment."

         "Agreement" means this Credit Agreement.

         "Applicable Rate" means, from time to time, the following percentages
per annum, based upon the Debt Rating existing at such time:

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------
                                                   Applicable Rate
------------------------------------------------------------------------------------------------------------------
Pricing Level                                                                    Eurodollar Rate
                     Debt Rating            Facility Fee     Utilization Fee                            Base Rate
------------------------------------------------------------------------------------------------------------------
<S>              <C>                        <C>              <C>                 <C>                    <C>
      1            A-/A3 or better             .1000%            .1250%              .5250%               .0000%
------------------------------------------------------------------------------------------------------------------
      2               BBB+/Baa1                .1250%            .1250%              .6250%               .0000%
------------------------------------------------------------------------------------------------------------------
      3                BBB/Baa2                .1500%            .1250%              .7250%               .0000%
------------------------------------------------------------------------------------------------------------------
      4               BBB-/Baa3                .1750%            .1250%              .8250%               .0000%
------------------------------------------------------------------------------------------------------------------
      5          Lower than BBB-/Baa3          .2500%            .1250%              1.125%               .3750%
------------------------------------------------------------------------------------------------------------------
</TABLE>

         "Debt Rating" means, as of any date of determination, the rating as
determined by either S&P or Moody's (collectively, the "Debt Ratings") of the
Borrower's non-credit-enhanced, senior unsecured long-term debt; provided that
if a Debt Rating is issued by each of the foregoing rating agencies, then the
higher of such Debt Ratings shall apply (with Pricing Level 1 being the highest
and Pricing Level 5 being the lowest), unless there is a split in Debt Ratings
of more than one level, in which case the level that is one level higher than
the lower Debt Rating shall apply.

         Initially, the Applicable Rate shall be determined based upon the Debt
Rating specified in the certificate delivered pursuant to Section 4.01(a)(v).
Thereafter, each change in the Applicable Rate resulting from a publicly
announced change in the Debt Rating shall be effective, in the case of an
upgrade, during the period commencing on the date of delivery by the Borrower to
the Administrative Agent of notice thereof and ending on the date immediately
preceding the effective date of the next such change and, in the case of a
downgrade, during the period commencing on the date of the public announcement
thereof and ending on the date immediately preceding the effective date of the
next such change. Notwithstanding the foregoing, the Applicable Rate in effect
from the Closing Date through the date occurring six months after the Closing
Date shall be determined based upon a Pricing Level not higher than Pricing
Level 3.

         "Arranger" means Banc of America Securities LLC, in its capacity as
sole lead arranger and sole book manager.

                                       2
<PAGE>   7
         "Arranger Fee Letter" has the meaning specified in Section 2.08(c).

         "Assignment and Acceptance" means an Assignment and Acceptance
substantially in the form of Exhibit D.

         "Attorney Costs" means and includes all fees and disbursements of any
law firm or other external counsel and all disbursements of internal counsel.

         "Attributable Indebtedness" means, on any date, in respect of any
Synthetic Lease Obligation, the capitalized amount of any remaining lease
payments under the relevant lease that would appear on a balance sheet of such
Person prepared as of such date in accordance with GAAP if such lease were
accounted for as a capital lease.

         "Audited Financial Statements" means the audited consolidated balance
sheet of the Borrower and its Subsidiaries for the fiscal year ended June 30,
2000, and the related consolidated statements of income and cash flows for such
fiscal year of the Borrower.

         "Bank of America" means Bank of America, N.A.

         "Base Rate" means for any day a fluctuating rate per annum equal to the
higher of (a) the Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest
in effect for such day as publicly announced from time to time by SunTrust Bank
as its "prime rate." Such rate is a rate set by SunTrust Bank based upon various
factors, including SunTrust Bank's costs and desired return, general economic
conditions and other factors, and is used as a reference point for pricing some
loans, which may be priced at, above, or below such announced rate. Any change
in such rate announced by SunTrust Bank shall take effect at the opening of
business on the day specified in the public announcement of such change.

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

         "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 introductory paragraph
hereto.

         "Borrowing" means a borrowing consisting of simultaneous Loans of the
same Type and having the same Interest Period made by each of the Lenders
pursuant to Section 2.01.

         "Business Day" means any day other than a Saturday, Sunday, or other
day on which commercial banks are authorized to close under the Laws of, or are
in fact closed in, the state where the Administrative Agent's Office is located
and, if such day relates to any Eurodollar Rate Loan, means any such day on
which dealings in Dollar deposits are conducted by and between banks in the
applicable offshore Dollar interbank market.

         "Change of Control" means, with respect to any Person, an event or
series of events by which:

                                       3
<PAGE>   8
                  (a) any "person" or "group" (as such terms are used in
         Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but
         excluding any employee benefit plan of such person or its subsidiaries,
         or any person or entity acting in its capacity as trustee, agent or
         other fiduciary or administrator of any such plan), becomes the
         "beneficial owner" (as defined in Rules 13d-3 and 13d-5 under the
         Securities Exchange Act of 1934, except that such a person or group
         shall be deemed to have "beneficial ownership" of all securities that
         such person or group has the right to acquire (such right, "option
         right"), whether such right is exercisable immediately or only after
         the passage of time), directly or indirectly, of 25% or more of the
         equity securities of such Person entitled to vote for members of the
         board of directors or equivalent governing body on a partially-diluted
         basis (i.e., taking into account all such securities that such person
         or group has the right to acquire pursuant to any option right); or

                  (b) during any period of 12 consecutive months, a majority of
         the members of the board of directors or other equivalent governing
         body of such Person cease to be composed of individuals (i) who were
         members of that board or equivalent governing body on the first day of
         such period, (ii) whose election or nomination to that board or
         equivalent governing body was approved by individuals referred to in
         clause (i) above constituting at the time of such election or
         nomination at least a majority of that board or equivalent governing
         body or (iii) whose election or nomination to that board or other
         equivalent governing body was approved by individuals referred to in
         clauses (i) and (ii) above constituting at the time of such election or
         nomination at least a majority of that board or equivalent governing
         body.

         "Closing Date" means the first date all the conditions precedent in
Section 4.01 are satisfied or waived in accordance with Section 4.01 (or, in the
case of Section 4.01(b), waived by the Person entitled to receive the applicable
payment).

         "Code" means the Internal Revenue Code of 1986.

         "Commitment" means, as to each Lender, its obligation to make Loans to
the Borrower pursuant to Section 2.01, in an aggregate principal amount at any
one time outstanding not to exceed the amount set forth opposite such Lender's
name on Schedule 2.01, as such amount may be reduced or adjusted from time to
time in accordance with this Agreement (collectively, the "Aggregate
Commitments").

         "Commonly Controlled Entity" means an entity, whether or not
incorporated, which is under common control with the Borrower within the meaning
of Section 4001 of ERISA or is part of a group which includes the Borrower and
which is treated as a single employer under Section 414 of the Code.

         "Compliance Certificate" means a certificate substantially in the form
of Exhibit C.

         "Consolidated EBITDA" means, for any period, for the Borrower and its
Subsidiaries on a consolidated basis, an amount equal to the sum of (a)
Consolidated Net Income, (b) Consolidated Interest Charges, (c) the amount of
taxes, based on or measured by income, used or included in the determination of
such Consolidated Net Income, and (d) the amount of

                                       4
<PAGE>   9
depreciation and amortization expense, and other non-cash additions or
deductions used or included in determining such Consolidated Net Income,
including purchased in-process research and development, goodwill, other
non-cash restructuring charges and other non-cash additions or deductions
recognized pursuant to FAS 115 or FAS 121.

         "Consolidated Interest Charges" means, for any period, for the Borrower
and its Subsidiaries on a consolidated basis, the sum of (a) all interest,
premium payments, fees, charges and related expenses of the Borrower and its
Subsidiaries in connection with borrowed money (including capitalized interest)
or in connection with the deferred purchase price of assets, in each case only
to the extent treated as interest in accordance with GAAP, and (b) the portion
of rent expense of the Borrower and its Subsidiaries with respect to such period
under capital leases that is treated as interest in accordance with GAAP.

         "Consolidated Net Income" means, for any period, for the Borrower and
its Subsidiaries on a consolidated basis, the net income of the Borrower and its
Subsidiaries from continuing operations before extraordinary items and excluding
gains or losses in excess of $10,000,000 per annum from dispositions of
machinery and equipment (other than inventory) out of the ordinary course of
business for that period.

         "Consolidated Tangible Net Worth" means, at any date, Consolidated
Total Assets less the sum of (a) Intangible Assets of the Borrower and its
Subsidiaries at such date and (b) Consolidated Total Liabilities at such date.

         "Consolidated Total Assets" means, at any time, the total consolidated
assets of the Borrower and its Subsidiaries as of the last day of the fiscal
quarter ending on or before the date of determination, as determined in
accordance with GAAP.

         "Consolidated Total Indebtedness" means, at any time, without
duplication, the sum of (a) all amounts which would, in accordance with GAAP, be
included as indebtedness on a consolidated balance sheet of the Borrower and its
Subsidiaries as of such time plus (b) the amount of Attributable Indebtedness of
the Borrower and its Subsidiaries at such time.

         "Consolidated Total Liabilities" means, at any time, without
duplication, the sum of (a) total consolidated liabilities of the Borrower and
its Subsidiaries as of the last day of the fiscal quarter ending on or before
the date of determination, as determined in accordance with GAAP and (b) the
amount of Attributable Indebtedness of the Borrower and its Subsidiaries at such
time.

         "Credit Extension" means an extension of credit by a Lender pursuant to
a Borrowing.

         "Debt" means, as to any Person at any date, (a) all indebtedness of
such Person for borrowed money or for the deferred purchase price of property or
services in respect of which such Person is liable, contingently or otherwise,
as obligor, guarantor or otherwise, or in respect of which such Person otherwise
assures a creditor against loss, (other than current liabilities incurred in the
ordinary course of business and payable in accordance with customary practices)
or which is evidenced by a note, bond, debenture or similar instrument, (b) all
obligations of such Person under any lease of property, real or personal, the
obligations of the lessee in respect

                                       5
<PAGE>   10
of which are required in accordance with GAAP to be capitalized on a balance
sheet of the lessee and (c) all Synthetic Lease Obligations.

         "Debt Rating" has the meaning set forth in the definition of
"Applicable Rate."

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

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

         "Default Rate" means an interest rate equal to (a) the Base Rate plus
(b) the margin listed under the heading "Base Rate" in the definition of
Applicable Rate, if any, applicable to Base Rate Loans plus (c) 2% per annum;
provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate
shall be an interest rate equal to the interest rate (including any Applicable
Rate) otherwise applicable to such Loan plus 2% per annum, in each case to the
fullest extent permitted by applicable Laws.

         "Divestiture" has the meaning set forth in Section 7.02(b).

         "Dollar" and "$" means lawful money of the United States of America.

         "Eligible Assignee" has the meaning specified in Section 10.07(h).

         "Environmental Laws" means any and all Federal, state, local or
municipal laws, rules, orders, regulations, statutes, ordinances, codes, decrees
or requirements of any Governmental Authority regulating, relating to or
imposing liability or standards of conduct concerning environmental protection
matters (including, without limitation, any hazardous materials, hazardous
wastes, hazardous constituents, hazardous or toxic substances or petroleum
products (including crude oil or any fraction thereof)) as now or at any time
hereafter in effect.

         "Equity" means, as to any Person at any date, the consolidated total
assets of such Person less the consolidated total liabilities of such Person at
such date, as determined in accordance with GAAP.

         "ERISA" means the Employee Retirement Income Security Act of 1974 and
any regulations promulgated thereunder.

         "ERISA Event" means (a) a Reportable Event with respect to a Pension
Plan; (b) a withdrawal by the Borrower or any Commonly Controlled Entity from a
Pension Plan subject to Section 4063 of ERISA during a plan year in which it was
a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a
cessation of operations that is treated as such a withdrawal under Section
4062(e) of ERISA; (c) a complete or partial withdrawal by the Borrower or any
Commonly Controlled Entity from a Multiemployer Plan or notification that a
Multiemployer Plan is in reorganization; (d) with respect to a Pension Plan or
Multiemployer Plan that does not

                                       6
<PAGE>   11
hold assets that equal or exceed its liabilities, the filing of a notice of
intent to terminate, the treatment of a Plan amendment as a termination under
Sections 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC
to terminate a Pension Plan or Multiemployer Plan; (e) an event or condition
which might reasonably be expected to constitute grounds under Section 4042 of
ERISA for the termination of, or the appointment of a trustee to administer, any
Pension Plan or Multiemployer Plan; or (f) the imposition of any liability under
Title IV of ERISA, other than PBGC premiums due but not delinquent under Section
4007 of ERISA, upon the Borrower or any Commonly Controlled Entity.

         "Eurodollar Rate" means for any Interest Period with respect to any
Eurodollar Rate Loan:

                  (a) the rate per annum equal to the rate determined by the
         Administrative Agent to be the offered rate that appears on the page of
         the Telerate screen (or any successor thereto) that displays an average
         British Bankers Association Interest Settlement Rate for deposits in
         Dollars (for delivery on the first day of such Interest Period) with a
         term equivalent to such Interest Period, determined as of approximately
         11:00 a.m. (London time) two Business Days prior to the first day of
         such Interest Period, or

                  (b) if the rate referenced in the preceding subsection (a)
         does not appear on such page or service or such page or service shall
         cease to be available, the rate per annum equal to the rate determined
         by the Administrative Agent to be the offered rate on such other page
         or other service that displays an average British Bankers Association
         Interest Settlement Rate for deposits in Dollars (for delivery on the
         first day of such Interest Period) with a term equivalent to such
         Interest Period, determined as of approximately 11:00 a.m. (London
         time) two Business Days prior to the first day of such Interest Period,
         or

                  (c) if the rates referenced in the preceding subsections (a)
         and (b) are not available, the rate per annum determined by the
         Administrative Agent as the rate of interest (rounded upwards to the
         next 1/100th of 1%) at which deposits in Dollars for delivery on the
         first day of such Interest Period in same day funds in the approximate
         amount of the Eurodollar Rate Loan being made, continued or converted
         by Bank of America (or such other Lender as the Administrative Agent
         shall from time to time designate) and with a term equivalent to such
         Interest Period as would be offered by Bank of America's (or such other
         designated replacement Lender's) London branch or Affiliate to major
         banks in the offshore Dollar market at their request at approximately
         11:00 a.m. (London time) two Business Days prior to the first day of
         such Interest Period.

         "Eurodollar Rate Loan" means a Loan that bears interest at a rate based
on the Eurodollar Rate.

         "Event of Default" has the meaning specified in Article VIII.

         "Existing Credit Facility" means that certain credit agreement dated as
of November 6, 1996, among the Borrower, The Chase Manhattan Bank, as agent, and
a syndicate of lenders.

                                       7
<PAGE>   12
         "Federal Funds Rate" means, for any day, the rate per annum (rounded
upwards to the next 1/100 of 1%) equal to the weighted average of the rates on
overnight Federal funds transactions with members of the Federal Reserve System
arranged by Federal funds brokers on such day, as published by the Federal
Reserve Bank on the Business Day next succeeding such day; provided that (a) if
such day is not a Business Day, the Federal Funds Rate for such day shall be
such rate on such transactions on the next preceding Business Day as so
published on the next succeeding Business Day, and (b) if no such rate is so
published on such next succeeding Business Day, the Federal Funds Rate for such
day shall be the average rate charged to SunTrust Bank on such day on such
transactions as determined by the Administrative Agent.

         "Fee Letters" means, collectively, the Arranger Fee Letter and the
Agent Fee Letter.

         "Foreign Lender" has the meaning specified in Section 10.15.

         "GAAP" means generally accepted accounting principles set forth in the
opinions and pronouncements of the Accounting Principles Board and the American
Institute of Certified Public Accountants and statements and pronouncements of
the Financial Accounting Standards Board or such other principles as may be
approved by a significant segment of the accounting profession, that are
applicable to the circumstances as of the date of determination, consistently
applied.

         "Government Contract" means any contract with or made at the request of
any Governmental Authority.

         "Governmental Authority" means any nation or government, any state or
other political subdivision thereof, any agency, authority, instrumentality,
regulatory body, court, administrative tribunal, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government.

         "Hazardous Materials" means any hazardous materials, hazardous wastes,
hazardous constituents, hazardous or toxic substances or petroleum products
(including crude oil or any fraction thereof), defined or regulated as such in
or under any Environmental Law.

         "Hedging Arrangements" means (a) any and all rate swap transactions,
basis swaps, credit derivative transactions, forward rate transactions,
commodity swaps, commodity options, forward commodity contracts, equity or
equity index swaps or options, bond or bond price or bond index swaps or options
or forward bond or forward bond price or forward bond index transactions,
interest rate options, forward foreign exchange transactions, cap transactions,
floor transactions, collar transactions, currency swap transactions,
cross-currency rate swap transactions, currency options, spot contracts, or any
other similar transactions or any combination of any of the foregoing (including
any options to enter into any of the foregoing), whether or not any such
transaction is governed by or subject to any master agreement, and (b) any and
all transactions of any kind, and the related confirmations, which are subject
to the terms and conditions of, or governed by, any form of master agreement
published by the International Swaps and Derivatives Association, Inc., any
International Foreign Exchange Master Agreement, or any other master agreement
(any such master agreement, together with any related schedules,

                                       8
<PAGE>   13
a "Master Agreement"), including any such obligations or liabilities under any
Master Agreement.

         "Hostile Acquisition" means (a) any transaction which is subject to
Section 13 (other than an Investment Transaction) or Section 14 of the
Securities Exchange Act of 1934, unless, prior to the time such transaction
becomes subject to such Section 13 or 14, the board of directors or other
governing body of the acquiree has adopted a resolution approving such
transaction and approving any "change of control" with respect to such Person
whereby the Borrower may acquire control of such Person, and (b) any purchase or
attempt to purchase, any Person by means of a public debt or equity tender offer
or other unsolicited takeover (or the equivalent thereof in any jurisdiction),
or any attempt to engage in a proxy contest (or the equivalent thereof in any
jurisdiction) for control of the board of directors (or the functional
equivalent thereof) of any Person, in either case which has not been approved
and recommended by the board of directors (or the functional equivalent thereof)
of the Person being acquired or proposed to be acquired or which is the subject
of such proxy contest. For purposes of this definition, (x) a "change of
control" means, for any Person, an Acquisition with respect to such Person and
(y) an "Investment Transaction" means a transaction subject to Section 13(d),
but not Section 16, of the Securities Exchange Act of 1934, provided that in
connection with such a transaction Borrower or any applicable Subsidiary (as the
case may be) has reported and at all times continues to report to the Securities
and Exchange Commission that such transaction is undertaken for investment
purposes only and not for any of the purposes specified in clauses 4(a) through
(j), inclusive, of the special instructions for complying with Schedule 13D
under the Securities Exchange Act of 1934.

         "Indemnified Liabilities" has the meaning set forth in Section 10.05.

         "Indemnitees" has the meaning set forth in Section 10.05.

         "Insolvency" means, with respect to any Multiemployer Plan, the
condition that such plan is insolvent within the meaning of Section 4245 of
ERISA.

         "Intangible Assets" means, as to any Person at any time, the assets
that are required to be disclosed as intangible assets in accordance with GAAP
on the balance sheet of such Person (measured on a consolidated basis),
including customer lists, goodwill, computer software, copyrights, trade names,
trademarks, patents, unamortized deferred charges, unamortized debt discount and
capitalized research and development costs.

         "Interest Payment Date" means, (a) as to any Eurodollar Rate Loan, the
last day of each Interest Period applicable to such Loan; provided, however,
that if any Interest Period for a Eurodollar Rate Loan exceeds three months, the
respective dates that fall every three months after the beginning of such
Interest Period shall also be Interest Payment Dates; and (b) as to any Base
Rate Loan, the last Business Day of each March, June, September and December and
the Maturity Date.

         "Interest Period" means as to each Eurodollar Rate Loan, the period
commencing on the date such Eurodollar Rate Loan is disbursed or converted to or
continued as a Eurodollar Rate Loan and ending on the date one, two, three or
six months thereafter, as selected by the Borrower

                                       9
<PAGE>   14
in its Loan Notice, or, such other period that is twelve months or less
requested by the Borrower and consented to by all the Lenders; provided that:

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

                  (ii) any Interest Period pertaining to a Eurodollar Rate Loan
         that begins on the last Business Day of a calendar month (or on a day
         for which there is no numerically corresponding day in the calendar
         month at the end of such Interest Period) shall end on the last
         Business Day of the calendar month at the end of such Interest Period;
         and

                  (iii) no Interest Period shall extend beyond the scheduled
         Maturity Date.

         "IP Rights" has the meaning set forth in Section 5.12.

         "IRS" means the United States Internal Revenue Service.

         "Laws" means, collectively, all international, foreign, Federal, state
and local statutes, treaties, rules, guidelines, regulations, ordinances, codes
and administrative or judicial precedents or authorities, including the
interpretation or administration thereof by any Governmental Authority charged
with the enforcement, interpretation or administration thereof, and all
applicable administrative orders, directed duties, requests, licenses,
authorizations and permits of, and agreements with, any Governmental Authority,
in each case whether or not having the force of law.

         "Lender" has the meaning specified in the introductory paragraph
hereto.

         "Lending Office" means, as to any Lender, the office or offices of such
Lender described as such on Schedule 10.02, or such other office or offices as a
Lender may from time to time notify the Borrower and the Administrative Agent.

         "Lien" means any mortgage, pledge, security interest, assignment,
deposit arrangement, encumbrance, lien (statutory or otherwise), preference,
priority or charge of any kind or nature whatsoever (including, without
limitation, any agreement to give any of the foregoing, any conditional sale or
other title retention agreement, the filing of or agreement to give any
financing statement under the Uniform Commercial Code of any jurisdiction or any
other similar recording or notice statute, and any lease having substantially
the same effect as any of the foregoing).

         "Loan" has the meaning specified in Section 2.01.

         "Loan Documents" means this Agreement, each Note, each Fee Letter, each
Loan Notice and each Compliance Certificate.

                                       10
<PAGE>   15
         "Loan Notice" means a notice of (a) a Borrowing, (b) a conversion of
Loans from one Type to the other, or (c) a continuation of Loans as the same
Type, pursuant to Section 2.02(a), which, if in writing, shall be substantially
in the form of Exhibit A.

         "Margin Stock" has the meaning set forth in Regulation U issued by the
Board.

         "Material Adverse Effect" means a material adverse effect on (a) the
business, financial condition, operations or property of the Borrower and its
Subsidiaries taken as a whole, (b) the ability of the Borrower to perform its
obligations under any Loan Document, or (c) the validity or enforceability of
any Loan Document or the rights or remedies of the Lenders hereunder or
thereunder.

         "Material Subsidiary" means, at any time, any Subsidiary of the
Borrower, the assets of which represent 10% or more of Consolidated Total Assets
(or the equivalent thereof in another currency), based upon the most recent
financial statements delivered to the Administrative Agent pursuant to Sections
6.01(a) and (b).

         "Maturity Date" means (a) May 8, 2002, as such date may be extended in
accordance with Section 2.05 or (b) such earlier date upon which the Commitments
may be terminated in accordance with the terms hereof.

         "Moody's" means Moody's Investors Service, Inc. and any successor
thereto.

         "Multiemployer Plan" means any employee benefit plan of the type
described in Section 4001(a)(3) of ERISA, to which the Borrower or any Commonly
Controlled Entity makes or is obligated to make contributions, or during the
preceding three calendar years, has made or been obligated to make
contributions.

         "Non-Recourse Debt" means Debt (a) as to which neither the Borrower nor
any of its Subsidiaries (i) provides credit support of any kind (including any
undertaking, agreement or instrument that would constitute Debt) except to the
extent of any collateral pledged therefore, (ii) is directly or indirectly
liable (as a guarantor or otherwise) except to the extent of any collateral
pledged therefore or (iii) constitutes the Lender; and (b) as to which the
lender's sole remedy for a default thereunder is foreclosure upon specific
assets of the Borrower or its Subsidiaries pledged as security therefore, with
no liability on the part of the Borrower or any of its Subsidiaries for any
deficiency thereafter.

         "Note" means a promissory note made by the Borrower in favor of a
Lender evidencing Loans made by such Lender, substantially in the form of
Exhibit B.

         "Obligations" means all advances to, and debts, liabilities,
obligations, covenants and duties of, the Borrower arising under any Loan
Document, whether direct or indirect (including those acquired by assumption),
absolute or contingent, due or to become due, now existing or hereafter arising
and including interest that accrues after the commencement by or against the
Borrower or any of its Subsidiaries of any proceeding under any Debtor Relief
Laws naming such Person as the debtor in such proceeding.

                                       11
<PAGE>   16
         "Organization Documents" means, (a) with respect to any corporation,
the certificate or articles of incorporation and the bylaws; (b) with respect to
any limited liability company, the articles of formation and operating
agreement; and (c) with respect to any partnership, joint venture, trust or
other form of business entity, the partnership, joint venture or other
applicable agreement of formation and any agreement, instrument, filing or
notice with respect thereto filed in connection with its formation with the
secretary of state or other department in the state of its formation, in each
case as amended from time to time.

         "Outstanding Amount" means with respect to Loans on any date, the
aggregate outstanding principal amount thereof after giving effect to any
borrowings and prepayments or repayments of Loans occurring on such date.

         "Outstanding Obligations" has the meaning set forth in Section 2.08(b).

         "Participant" has the meaning specified in Section 10.07(d).

         "PBGC" means the Pension Benefit Guaranty Corporation established
pursuant to Subtitle A of Title IV of ERISA.

         "Pension Plan" means any "employee pension benefit plan" (as such term
is defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is
subject to Title IV of ERISA and is sponsored or maintained by the Borrower or
any Commonly Controlled Entity or to which the Borrower or any Commonly
Controlled Entity contributes or has an obligation to contribute, or in the case
of a multiple employer plan (as described in Section 4064(a) of ERISA) has made
contributions at any time during the immediately preceding five plan years.

         "Permitted Liens" means only those Liens permitted by subsections (a)
through (q) of Section 7.01.

         "Person" means any individual, trustee, corporation, general
partnership, limited partnership, limited liability company, joint stock
company, trust, unincorporated organization, bank, business association, firm,
joint venture or Governmental Authority.

         "Plan" means, at a particular time, an employee benefit plan as defined
in Section 3(3) of ERISA and in respect of which the Borrower or a Commonly
Controlled Entity is (or, if such plan were terminated at such time, would under
Section 4069 of ERISA be deemed to be) an "employer" as defined in Section 3(5)
of ERISA.

         "Properties" has the meaning set forth in Section 5.08.

         "Pro Rata Share" means, with respect to each Lender, the percentage
(carried out to the ninth decimal place) of the Aggregate Commitments set forth
opposite the name of such Lender on Schedule 2.01, as such share may be adjusted
as contemplated herein.

         "Register" has the meaning set forth in Section 10.07(c).

         "Reorganization" means, with respect to any Multiemployer Plan, the
condition that such plan is in reorganization within the meaning of Section 4241
of ERISA.

                                       12
<PAGE>   17
         "Reportable Event" means any of the events set forth in Section 4043(c)
of ERISA, other than those events as to which the thirty day notice period is
waived under subsections .13, .14, .16, .18, .19 or .20 of PBGC Reg. Section
4043.

         "Required Lenders" means, as of any date of determination, at least two
Lenders whose Voting Percentages aggregate more than 50%.

         "Responsible Officer" means the chief executive officer, president,
chief financial officer, treasurer or assistant treasurer of the Borrower. Any
document delivered hereunder that is signed by a Responsible Officer of the
Borrower shall be conclusively presumed to have been authorized by all necessary
corporate, partnership and/or other action on the part of the Borrower and such
Responsible Officer shall be conclusively presumed to have acted on behalf of
the Borrower.

         "S&P" means Standard & Poor's Ratings Services, a division of The
McGraw-Hill Companies, Inc., and any successor thereto.

         "Securitization" means any agreement or arrangement providing for
sales, transfers or conveyances to a special purpose Subsidiary or special
purpose entity of accounts receivable, notes, chattel paper, other rights to
payment and related property, whether or not for recourse and whether or not
treated as a sale for purposes of FAS 140, but not including the sale or
transfer of a single note or receivable undertaken on an isolated,
non-programmatic basis. For purposes hereof, the "applicable amount" of any
Securitization at any time shall be equal to the greater of (a) the outstanding
principal amount of any Debt at such time incurred by the Borrower or any
Subsidiary pursuant to any such Securitization, or (b) the face amount or book
value (whichever is greater) of any and all receivables, notes, chattel paper,
other rights to payment and related property sold or transferred pursuant to
such Securitization and outstanding at such time.

         "Shareholders' Equity" means, as of any date of determination for the
Borrower and its Subsidiaries on a consolidated basis, shareholders' equity as
of that date determined in accordance with GAAP.

         "Single Employer Plan" means any plan which is covered by Title IV of
ERISA, but which is not a Multiemployer Plan.

         "Subsidiary" of a Person means a corporation, partnership, joint
venture, limited liability company or other business 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. Unless otherwise specified, all references herein to a
"Subsidiary" or to "Subsidiaries" shall refer to a Subsidiary or Subsidiaries of
the Borrower.

         "SunTrust Bank" means SunTrust Bank.

         "Syndication Agent" means Bank of America in its capacity as
syndication agent under any of the Loan Documents.

                                       13
<PAGE>   18
         "Synthetic Lease Obligation" means the monetary obligation of a Person
under a so-called synthetic, off-balance sheet or tax retention lease that does
not appear on the balance sheet of such Person but which, upon the insolvency or
bankruptcy of such Person, would be characterized as the indebtedness of such
Person (without regard to accounting treatment).

         "Threshold Amount" means $25,000,000.

         "Total Capitalization" means, as to the Borrower and its Subsidiaries
at any date, the sum of (a) the aggregate amount of all Debt of such Persons at
such date determined on a consolidated basis, plus (b) Equity of such Persons at
such date.

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

         "Vendor Finance Investment" means any loan, advance, lease (whether
structured as a capital lease or an operating lease) or guaranty entered into by
the Borrower pursuant to, in connection with or for the purpose of facilitating
the sale or provision of goods and services of the Borrower to its customers, in
each case arising outside of the Borrower's ordinary course of business as
existing on the date hereof.

         "Voting Percentage" means, as to any Lender, (a) at any time prior to
the Maturity Date, such Lender's Pro Rata Share and (b) at any time after the
Maturity Date, the percentage (carried out to the ninth decimal place) which (i)
the Outstanding Amount of such Lender's Loans then comprises of (ii) the
Outstanding Amount of all Loans; provided, however, that if any Lender has
failed to fund any portion of the Loans required to be funded by it hereunder,
such Lender's Voting Percentage shall be deemed to be - 0-, and the respective
Pro Rata Shares and Voting Percentages of the other Lenders shall be recomputed
for purposes of this definition and the definition of "Required Lenders" without
regard to such Lender's Commitment or the outstanding amount of its Loans.

         1.02 OTHER INTERPRETIVE PROVISIONS. With reference to this Agreement
and any other Loan Document, unless otherwise specified herein or in such other
Loan Document:

         (a) The meanings of defined terms are equally applicable to the
singular and plural forms of the defined terms.

         (b) (i) (i) The words "herein" and "hereunder" and words of similar
         import when used in any Loan Document shall refer to such Loan Document
         as a whole and not to any particular provision thereof.

                  (ii) Article, Section, Exhibit and Schedule references are to
         the Loan Document in which such references appear.

                  (iii) The term "including" is by way of example and not
         limitation.

                  (iv) The term "documents" includes any and all instruments,
         documents, agreements, certificates, notices, reports, financial
         statements and other writings, however evidenced, whether in electronic
         or physical form.

                                       14
<PAGE>   19
         (c) In the computation of periods of time from a specified date to a
later specified date, the word "from" means "from and including;" the words "to"
and "until" each mean "to but excluding;" and the word "through" means "to and
including."

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

         1.03 ACCOUNTING TERMS.

         (a) All accounting terms not specifically or completely defined herein
shall be construed in conformity with, and all financial data required to be
submitted pursuant to this Agreement shall be prepared in conformity with, GAAP
applied on a consistent basis, as in effect from time to time, applied in a
manner consistent with that used in preparing the Audited Financial Statements,
except as otherwise specifically prescribed herein.

         (b) If at any time any change in GAAP would affect the computation of
any financial ratio or requirement set forth in any Loan Document, and either
the Borrower or the Required Lenders shall so request, the Administrative Agent,
the Lenders and the Borrower shall negotiate in good faith to amend such ratio
or requirement to preserve the original intent thereof in light of such change
in GAAP (subject to the approval of the Required Lenders); provided that, until
so amended, (i) such ratio or requirement shall continue to be computed in
accordance with GAAP prior to such change therein and (ii) the Borrower shall
provide to the Administrative Agent and the Lenders financial statements and
other documents required under this Agreement or as reasonably requested
hereunder setting forth a reconciliation between calculations of such ratio or
requirement made before and after giving effect to such change in GAAP.

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

         1.05 REFERENCES TO AGREEMENTS AND LAWS. Unless otherwise expressly
provided herein, (a) references to agreements (including the Loan Documents) and
other contractual instruments shall be deemed to include all subsequent
amendments, restatements, extensions, supplements and other modifications
thereto, but only to the extent that such amendments, restatements, extensions,
supplements and other modifications are not prohibited by any Loan Document; and
(b) references to any Law shall include all statutory and regulatory provisions
consolidating, amending, replacing, supplementing or interpreting such Law.

                                  ARTICLE II.
                      THE COMMITMENTS AND CREDIT EXTENSIONS

         2.01 LOANS. Subject to the terms and conditions set forth herein, each
Lender severally agrees to make loans (each such loan, a "Loan") to the Borrower
from time to time on any Business Day during the period from the Closing Date to
the Maturity Date, in an aggregate amount not to exceed at any time outstanding
the amount of such Lender's Commitment;

                                       15
<PAGE>   20
provided, however, that after giving effect to any Borrowing, (i) the aggregate
Outstanding Amount of all Loans shall not exceed the Aggregate Commitments, and
(ii) the aggregate Outstanding Amount of the Loans of any Lender shall not
exceed such Lender's Commitment. Within the limits of each Lender's Commitment,
and subject to the other terms and conditions hereof, the Borrower may borrow
under this Section 2.01, prepay under Section 2.03, and reborrow under this
Section 2.01. Loans may be Base Rate Loans or Eurodollar Rate Loans, as further
provided herein.

         2.02 BORROWINGS, CONVERSIONS AND CONTINUATIONS OF LOANS.

         (a) Each Borrowing, each conversion of Loans from one Type to the
other, and each continuation of Loans as the same Type shall be made upon the
Borrower's irrevocable notice to the Administrative Agent, which may be given by
telephone. Each such notice must be received by the Administrative Agent not
later than (x) 11:00 a.m., New York time, three Business Days prior to the
requested date of any Borrowing of, conversion to or continuation of Eurodollar
Rate Loans or of any conversion of Eurodollar Rate Loans to Base Rate Loans, and
(y) 9:00 a.m., New York time, on the requested date of any Borrowing of Base
Rate Loans. Each such telephonic notice must be confirmed promptly by delivery
to the Administrative Agent of a written Loan Notice, appropriately completed
and signed by a Responsible Officer of the Borrower. Each Borrowing of,
conversion to or continuation of Eurodollar Rate Loans shall be in a principal
amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if
less, an aggregate principal amount equal to the remaining balance of the
available Commitments). Each Borrowing of or conversion to Base Rate Loans shall
be in a principal amount of $500,000 or a whole multiple of $100,000 in excess
thereof. Each Loan Notice (whether telephonic or written) shall specify (i)
whether the Borrower is requesting a Borrowing, a conversion of Loans from one
Type to the other, or a continuation of Loans as the same Type, (ii) the
requested date of the Borrowing, conversion or continuation, as the case may be
(which shall be a Business Day), (iii) the principal amount of Loans to be
borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to
which existing Loans are to be converted, and (v) if applicable, the duration of
the Interest Period with respect thereto. If the Borrower fails to specify a
Type of Loan in a Loan Notice or if the Borrower fails to give a timely notice
requesting a conversion or continuation, then the applicable Loans shall be made
or continued as, or converted to, Base Rate Loans. Any such automatic conversion
to Base Rate Loans shall be effective as of the last day of the Interest Period
then in effect with respect to the applicable Eurodollar Rate Loans. If the
Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar
Rate Loans in any such Loan Notice, but fails to specify an Interest Period, it
will be deemed to have specified an Interest Period of one month.

         (b) Following receipt of a Loan Notice, the Administrative Agent shall
promptly notify each Lender of its Pro Rata Share of the applicable Loans, and
if no timely notice of a conversion or continuation is provided by the Borrower,
the Administrative Agent shall notify each Lender of the details of any
automatic conversion to Base Rate Loans described in the preceding subsection.
In the case of a Borrowing, each Lender shall make the amount of its Loan
available to the Administrative Agent in immediately available funds at the
Administrative Agent's Office not later than 1:00 p.m., New York time, on the
Business Day specified in the applicable Loan Notice. Upon satisfaction of the
applicable conditions set forth in Section 4.02 (and, if such Borrowing is the
initial Credit Extension, Section 4.01), the Administrative Agent

                                       16
<PAGE>   21
shall, by no later than 3:00 p.m., New York time, make all funds so received
available to the Borrower in like funds as received by the Administrative Agent
either by (i) crediting the account of the Borrower on the books of SunTrust
Bank with the amount of such funds or (ii) wire transfer of such funds, in each
case in accordance with instructions provided to the Administrative Agent by the
Borrower.

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

         (d) The Administrative Agent shall promptly notify the Borrower and the
Lenders of the interest rate applicable to any Eurodollar Rate Loan upon
determination of such interest rate. The determination of the Eurodollar Rate by
the Administrative Agent shall be conclusive in the absence of manifest error.
The Administrative Agent shall notify the Borrower and the Lenders of any change
in SunTrust Bank's prime rate used in determining the Base Rate promptly
following the public announcement of such change.

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

         2.03 PREPAYMENTS.

         (a) The Borrower may, upon notice to the Administrative Agent, at any
time or from time to time voluntarily prepay Loans in whole or in part without
premium or penalty; provided that (i) such notice must be received by the
Administrative Agent (A) not later than 11:00 a.m., New York time, three
Business Days prior to any date of prepayment of Eurodollar Rate Loans, and (B)
not later than 9:00 a.m., New York time, on the date of prepayment of Base Rate
Loans; (ii) any prepayment of Eurodollar Rate Loans shall be in a principal
amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; and
(iii) any prepayment of Base Rate Loans shall be in a principal amount of
$5,000,000 or a whole multiple of $1,000,000 in excess thereof, or, if a lesser
amount, the remaining principal amount of the applicable Loans in any
outstanding Borrowing. Each such notice shall specify the date and amount of
such prepayment and the Type(s) of Loans to be prepaid. The Administrative Agent
will promptly notify each Lender of its receipt of each such notice, and of such
Lender's Pro Rata Share of such prepayment. If such notice is given by the
Borrower, the Borrower shall make such prepayment and the payment amount
specified in such notice shall be due and payable on the date specified therein.
Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued
interest thereon, together with any additional amounts required pursuant to
Section 3.05. Each such prepayment shall be applied to the Loans of the Lenders
in accordance with their respective Pro Rata Shares.

         (b) If for any reason the Outstanding Amount of all Loans at any time
exceeds the Aggregate Commitments then in effect, the Borrower shall immediately
prepay Loans in an aggregate amount equal to such excess.

                                       17
<PAGE>   22
         2.04 OPTIONAL REDUCTION OR TERMINATION OF COMMITMENTS. The Borrower
may, upon notice to the Administrative Agent, terminate the Aggregate
Commitments, or permanently reduce the Aggregate Commitments to an amount not
less than the then Outstanding Amount of all Loans; provided that (a) the
Borrower shall not be obligated to pay any amount as a penalty in connection
with any such reduction or termination of the Aggregate Commitments, except as
required by Section 3.05 due to any repayment of Loans arising from such
reduction or termination, (b) any such notice shall be received by the
Administrative Agent not later than 11:00 a.m., New York time, five Business
Days prior to the date of termination or reduction, and (c) any such partial
reduction shall be in an aggregate amount of $5,000,000 or any whole multiple of
$1,000,000 in excess thereof. The Administrative Agent shall promptly notify the
Lenders of any such notice of reduction or termination of the Aggregate
Commitments. Once reduced in accordance with this Section, the Commitments may
not be increased. Any reduction of the Commitments shall be applied to the
Commitment of each Lender according to its Pro Rata Share. All facility fees and
utilization fees accrued until the effective date of any termination of the
Commitments shall be paid on the effective date of such termination.

         2.05 EXTENSION OF MATURITY DATE. Provided that no Default or Event of
Default exists as of the date of the request, the Borrower may, by irrevocable
written notice ("Request") to the Administrative Agent and each Lender delivered
no earlier than 60 days and no later than 30 days before the then-applicable
Maturity Date, request the Lenders to extend the Maturity Date to the date that
is 364 days after the then-current Maturity Date. Each Lender shall, no later
than 20 days after the date of such Request, give written notice to the
Administrative Agent stating whether such Lender agrees to extend the Maturity
Date, in its sole discretion. If the Administrative Agent receives such
agreement by such date from each of the Lenders, provided there exists no
Default or Event of Default on the then-current Maturity Date, the Maturity Date
shall be extended for 364 days and the Administrative Agent shall promptly
notify the Lenders and the Borrower of such extension. If any Lender fails to
respond to the Request within the time specified above, it shall be deemed to
have declined the Request. If less than all the Lenders shall agree to such
extension, the extension contemplated in this Section may nonetheless occur with
respect to the consenting Lenders, provided that any such extension shall be
conditioned upon an agreement to such extension by Lenders with at least 75% of
the aggregate Commitments. The Administrative Agent shall notify the Borrower
and each of the Lenders as to which Lenders have agreed to such extension and as
to the new Maturity Date as a result thereof, or that such extension shall not
occur, as the case may be. In the event that the Maturity Date is extended by
some but not all of the Lenders, on the existing Maturity Date for any Lender
not extending (each a "Non-Continuing Lender"), the Borrower shall repay all
Loans of such Non-Continuing Lender, together with all accrued and unpaid
interest thereon, and all fees and other amounts (including amounts arising
under Section 3.05(a)) owing to such Non-Continuing Lender, and upon such
payment each such Non-Continuing Lender shall cease to constitute a Lender
hereunder, except with respect to the indemnification provisions of this
Agreement, which shall survive as to such Non-Continuing Lender.

         2.06 REPAYMENT OF LOANS. The Borrower shall repay to the Lenders on the
Maturity Date the aggregate principal amount of Loans outstanding on such date.

         2.07 INTEREST.

                                       18
<PAGE>   23
         (a) Subject to the provisions of subsection (b) below, (i) each
Eurodollar Rate Loan shall bear interest on the outstanding principal amount
thereof for each Interest Period at a rate per annum equal to the Eurodollar
Rate for such Interest Period plus the margin listed under the heading
"Eurodollar Rate" in the definition of Applicable Rate; and (ii) each Base Rate
Loan shall bear interest on the outstanding principal amount thereof from the
applicable borrowing date at a rate per annum equal to the Base Rate plus the
margin listed under the heading "Base Rate" in the definition of Applicable
Rate.

         (b) If any amount payable by the Borrower under any Loan Document is
not paid when due (without regard to any applicable grace periods), such amount
shall thereafter bear interest at a fluctuating interest rate per annum at all
times equal to the Default Rate to the fullest extent permitted by applicable
Law. While any Event of Default exists or after acceleration, the Borrower shall
pay interest on the principal amount of all outstanding Obligations at a
fluctuating interest rate per annum at all times equal to the Default Rate to
the fullest extent permitted by applicable Law. Accrued and unpaid interest on
past due amounts (including interest on past due interest) shall be due and
payable upon demand.

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

         2.08 FEES.

         (a) Facility Fee. The Borrower shall pay to the Administrative Agent
for the account of each Lender in accordance with its Pro Rata Share, a facility
fee equal to the amount set forth under the heading "Facility Fee" in the
definition of Applicable Rate times the actual daily amount of the Aggregate
Commitments, regardless of usage. The facility fee shall accrue at all times
from the Closing Date until the Maturity Date and shall be due and payable
quarterly in arrears on the last Business Day of each March, June, September and
December, commencing with the first such date to occur after the Closing Date,
and on the Maturity Date. The facility fee shall be calculated quarterly in
arrears, and if there is any change in the Applicable Rate during any quarter,
the actual daily amount shall be computed and multiplied by the Applicable Rate
separately for each period during such quarter that such Applicable Rate was in
effect. The facility fee shall accrue at all times, including at any time during
which one or more of the conditions in Article IV is not met.

         (b) Utilization Fee. The Borrower shall pay to the Administrative Agent
for the account of each Lender in accordance with each such Lender's Pro Rata
Share, a utilization fee equal to the amount set forth under the heading
"Utilization Fee" in the definition of Applicable Rate times the actual daily
aggregate Outstanding Amount of Loans (such aggregate amount, the "Outstanding
Obligations"). The utilization fee shall accrue from the Closing Date until the
Maturity Date at all times (including at any time during which one or more of
the conditions in Article IV is not met) that the sum of the Outstanding
Obligations hereunder, plus, if such agreement is in effect, the "Outstanding
Obligations" under and as defined in the 3-Year Credit Agreement, exceeds 50% of
the Utilization Fee Base Amount, and shall be payable quarterly in

                                       19
<PAGE>   24
arrears on the last Business Day of each March, June, September and December,
commencing with the first such date to occur after the Closing Date, and on the
Maturity Date. For purposes hereof, the "Utilization Fee Base Amount" means, at
any time of determination: (i) if at such time the "Commitments" under and as
defined in the 3-Year Credit Agreement (the "3-Year Commitments") have been
terminated in full, the amount of the Aggregate Commitments, and (ii) if at such
time the 3-Year Commitments have not been terminated in full, the sum of the
Aggregate Commitments and the 3-Year Commitments at such time. The utilization
fee shall be calculated quarterly in arrears and shall accrue at all times,
including at any time during which one or more of the conditions in Article IV
is not met. If there is any change in the Applicable Rate during any quarter,
the actual daily amount of the Outstanding Obligations shall be computed and
multiplied by the Applicable Rate separately for each period during such quarter
that such Applicable Rate was in effect.

         (c) Arrangement Fees. The Borrower shall pay arrangement and other fees
to the Arranger and the Syndication Agent for their own account in the amounts
and at the times specified in the letter agreement, dated March 21, 2001 (the
"Arranger Fee Letter"), among the Borrower, the Arranger and the Syndication
Agent. Such fees shall be fully earned when paid and shall be nonrefundable for
any reason whatsoever.

         (d) Agent's Fee. The Borrower shall pay an agency fee to the
Administrative Agent for the Administrative Agent's own account, in the amounts
and at the times specified in the letter agreement, dated May 7, 2001, between
the Borrower and the Administrative Agent (the "Agent Fee Letter"). Such fee
shall be fully earned when paid and shall be nonrefundable for any reason
whatsoever.

         (e) Lenders' Upfront Fee. On the Closing Date, the Borrower shall pay
to the Administrative Agent, for the account of the Lenders in accordance with
their respective Pro Rata Shares, an upfront fee in an amount set forth in the
Arranger Fee Letter. Such upfront fees are for the credit facilities committed
by the Lenders under this Agreement and are fully earned on the date paid. The
upfront fee paid to each Lender is solely for its own account and is
nonrefundable for any reason whatsoever.

         2.09 COMPUTATION OF INTEREST AND FEES. Interest on Base Rate Loans
shall be calculated on the basis of a year of 365 or 366 days, as the case may
be, and the actual number of days elapsed. Computation of all other types of
interest and all fees shall be calculated on the basis of a year of 360 days and
the actual number of days elapsed, which results in a higher yield to the payee
thereof than a method based on a year of 365 or 366 days. Interest shall accrue
on each Loan for the day on which the Loan is made, and shall not accrue on a
Loan, or any portion thereof, for the day on which the Loan or such portion is
paid, provided that any Loan that is repaid on the same day on which it is made
shall bear interest for one day.

         2.10 EVIDENCE OF DEBT. The Credit Extensions made by each Lender shall
be evidenced by one or more accounts or records maintained by such Lender and by
the Administrative Agent in the ordinary course of business. The accounts or
records maintained by the Administrative Agent and each Lender shall be
conclusive absent manifest error of the amount of the Credit Extensions made by
the Lenders to the Borrower and the interest and payments thereon. Any failure
to so record or any error in doing so shall not, however, limit or

                                       20
<PAGE>   25
otherwise affect the obligation of the Borrower hereunder to pay any amount
owing with respect to the Loans. In the event of any conflict between the
accounts and records maintained by any Lender and the accounts and records of
the Administrative Agent in respect of such matters, the accounts and records of
such Lender shall control. Upon the request of any Lender made through the
Administrative Agent, such Lender's Loans may be evidenced by a Note in addition
to such accounts or records. Each Lender may attach schedules to its Note(s) and
endorse thereon the date, Type (if applicable), amount and maturity of the
applicable Loans and payments with respect thereto.

         2.11 PAYMENTS GENERALLY.

         (a) All payments to be made by the Borrower shall be made without
condition or deduction for any counterclaim, defense, recoupment or setoff.
Except as otherwise expressly provided herein, all payments by the Borrower
hereunder shall be made to the Administrative Agent, for the account of the
respective Lenders to which such payment is owed, at the Administrative Agent's
Office in Dollars and in immediately available funds not later than 2:00 p.m.,
New York time, on the date specified herein. The Administrative Agent will
promptly distribute to each Lender its Pro Rata Share (or other applicable share
as provided herein) of such payment in like funds as received by wire transfer
to such Lender's Lending Office. All payments received by the Administrative
Agent after 2:00 p.m., New York time, shall be deemed received on the next
succeeding Business Day and any applicable interest or fee shall continue to
accrue.

         (b) Subject to the definition of "Interest Period," if any payment to
be made by the Borrower shall come due on a day other than a Business Day,
payment shall be made on the next following Business Day, and such extension of
time shall be reflected in computing interest or fees, as the case may be.

         (c) 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, toward costs and
expenses (including Attorney Costs and amounts payable under Article III)
incurred by the Administrative Agent and each Lender, (ii) second, toward
repayment 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 (iii) third, toward repayment of principal then due hereunder,
ratably among the parties entitled thereto in accordance with the amounts of
principal then due to such parties.

         (d) Unless the Borrower or any Lender has notified the Administrative
Agent prior to the date any payment is required to be made by it to the
Administrative Agent hereunder, that the Borrower or such Lender, as the case
may be, will not make such payment, the Administrative Agent may assume that the
Borrower or such Lender, as the case may be, has timely made such payment and
may (but shall not be so required to), in reliance thereon, make available a
corresponding amount to the Person entitled thereto. If and to the extent that
such payment was not in fact made to the Administrative Agent in immediately
available funds, then:

                  (i) if the Borrower failed to make such payment, each Lender
         shall forthwith on demand repay to the Administrative Agent the portion
         of such assumed payment that

                                       21
<PAGE>   26
         was made available to such Lender in immediately available funds,
         together with interest thereon in respect of each day from and
         including the date such amount was made available by the Administrative
         Agent to such Lender to the date such amount is repaid to the
         Administrative Agent in immediately available funds, at the Federal
         Funds Rate from time to time in effect; and

                  (ii) if any Lender failed to make such payment, 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 Rate from time to time in
         effect. 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 within
         two Business Days after 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 interest thereon for the Compensation Period at a rate
         per annum equal to the 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.

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

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

         (f) The obligations of the Lenders hereunder to make Loans are several
and not joint. The failure of any Lender to make any Loan or to fund any such
participation on any date required hereunder shall not relieve any other Lender
of its corresponding obligation to do so on such date, and no Lender shall be
responsible for the failure of any other Lender to so make its Loan or purchase
its participation.

         (g) Subject to Section 3.08, nothing herein shall be deemed to obligate
any Lender to obtain the funds for any Loan in any particular place or manner or
to constitute a representation by any Lender that it has obtained or will obtain
the funds for any Loan in any particular place or manner.

         2.12 SHARING OF PAYMENTS(a) . If, other than as expressly provided
elsewhere herein, any Lender shall obtain on account of any Loans made by it or
any payment (whether voluntary, involuntary, through the exercise of any right
of set-off, or otherwise) in excess of its ratable share (or other share
contemplated hereunder) thereof, such Lender shall immediately (a) notify

                                       22
<PAGE>   27
the Administrative Agent of such fact, and (b) purchase from the other Lenders
such participations in the Loans made by them as shall be necessary to cause
such purchasing Lender to share the excess payment in respect of such Loans or
such participations, as the case may be, pro rata with each of them; provided,
however, that if all or any portion of such excess payment is thereafter
recovered from the purchasing Lender, such purchase shall to that extent be
rescinded and each other Lender shall repay to the purchasing Lender the
purchase price paid therefor, together with an amount equal to such paying
Lender's ratable share (according to the proportion of (i) the amount of such
paying Lender's required repayment to (ii) the total amount so recovered from
the purchasing Lender) of any interest or other amount paid or payable by the
purchasing Lender in respect of the total amount so recovered. The Borrower
agrees that any Lender so purchasing a participation from another Lender may, to
the fullest extent permitted by law, exercise all its rights of payment
(including the right of set-off, but subject to Section 10.09) with respect to
such participation as fully as if such Lender were the direct creditor of the
Borrower in the amount of such participation. The Administrative Agent will keep
records (which shall be conclusive and binding in the absence of manifest error)
of participations purchased under this Section 2.12 and will in each case notify
the Lenders following any such purchases or repayments. Each Lender that
purchases a participation pursuant to this Section shall from and after such
purchase have the right to give all notices, requests, demands, directions and
other communications under this Agreement with respect to the portion of the
Obligations purchased to the same extent as though the purchasing Lender were
the original owner of the Obligations purchased.

         2.13 INCREASE IN COMMITMENTS.

         (a) Provided there exists no Default or Event of Default, upon notice
to the Administrative Agent (which shall promptly notify the Lenders), the
Borrower may request an increase in the Commitments up to an aggregate amount
(including such increase) not to exceed $187,500,000; provided that (i) the
Borrower may make a maximum of three such requests, and (ii) the Borrower must
make any such request and deliver any such related notices on or prior to March
7, 2002. At the time of sending such notice, the Borrower (in consultation with
the Administrative Agent) shall specify the time period within which each Lender
is requested to respond (which shall in no event be less than 10 Business Days
from the date of delivery of such notice to the Lenders). Each Lender shall
notify the Administrative Agent within such time period whether or not it agrees
in its sole discretion to increase its Commitment and, if so, whether by an
amount equal to, greater than, or less than its Pro Rata Share of such requested
increase. Any Lender not responding within such time period shall be deemed to
have declined to increase its Commitment. The Administrative Agent shall notify
the Borrower and each Lender of the Lenders' responses to each request made
hereunder. To achieve the full amount of a requested increase, the Borrower may
also invite additional Eligible Assignees to become Lenders pursuant to a
joinder agreement in form and substance satisfactory to the Administrative Agent
and its counsel.

         (b) If any Commitments are increased in accordance with this Section,
the Administrative Agent and the Borrower shall determine the effective date of
such increase (the "Increase Effective Date"). The Administrative Agent and the
Borrower shall promptly notify the Lenders of the final allocation of such
increase and the Increase Effective Date. As a condition precedent to such
increase, the Borrower shall deliver to the Administrative Agent a

                                       23
<PAGE>   28
certificate dated as of the Increase Effective Date (in sufficient copies for
distribution to each Lender) signed by a Responsible Officer of the Borrower (i)
certifying and attaching the resolutions adopted by the Borrower approving or
consenting to such increase, and (ii) certifying that, before and after giving
effect to such increase, the representations and warranties contained in Article
V are true and correct on and as of the Increase Effective Date and that no
Default or Event of Default exists. The Borrower shall deliver new or amended
Notes reflecting the increased Commitment of any Lender holding or requesting a
Note. The Administrative Agent shall distribute an amended Schedule 2.01 (which
shall be deemed incorporated into this Agreement), to reflect any changes
therein resulting from such increase. The Borrower shall prepay any Loans
outstanding on the Increase Effective Date (and pay any additional amounts
required pursuant to Section 3.05) to the extent necessary to keep the
outstanding Loans ratable with any revised Pro Rata Shares arising from any
nonratable increase in the Commitments under this Section.

         (c) This Section shall supersede any provisions in Section 10.01 to the
contrary.

                                  ARTICLE III.
                     TAXES, YIELD PROTECTION AND ILLEGALITY

         3.01 TAXES.

         (a) Any and all payments made by the Borrower to or for the account of
the Administrative Agent or any Lender under any Loan Document shall be made
free and clear of and without deduction for any and all present or future taxes,
duties, levies, imposts, deductions, assessments, fees, withholdings or similar
charges, and all liabilities with respect thereto incurred in connection with,
or as a direct or indirect result of, any Borrowing or payment on a Borrowing,
or other payments made pursuant to this Agreement, excluding, in the case of the
Administrative Agent and each Lender, (i) taxes imposed on or measured by its
net income, and franchise taxes imposed on it (in lieu of net income taxes), by
the jurisdiction (or any political subdivision thereof) under the Laws of which
the Administrative Agent or such Lender, as the case may be, is organized or
maintains a lending office, and (ii) taxes imposed as a result of a present or
former connection between the jurisdiction of the government or taxing authority
imposing such tax (or any political subdivision or taxing authority thereof or
therein) and the Administrative Agent or any Lender (excluding a connection
arising principally as a result of the Administrative Agent or any Lender having
executed, delivered or performed its obligations or received a payment under, or
enforced, any Loan Document) (all such non-excluded taxes, duties, levies,
imposts, deductions, assessments, fees, withholdings or similar charges, and
liabilities being hereinafter referred to as "Taxes"). If the Borrower shall be
required by any Laws to deduct any Taxes from or in respect of any sum payable
under any Loan Document to the Administrative Agent or any Lender, (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 and such Lender receives an amount equal
to the sum it would have received had no such deductions been made, (ii) the
Borrower shall make such deductions, (iii) the Borrower shall pay the full
amount deducted to the relevant taxation authority or other authority in
accordance with applicable Laws, and (iv) within 30 days

                                       24
<PAGE>   29
after the date of such payment, the Borrower shall furnish to the Administrative
Agent (which shall forward the same to such Lender) the original or a certified
copy of a receipt evidencing payment thereof or other evidence of payment
reasonably satisfactory to the Administrative Agent.

         (b) In addition, the Borrower agrees to pay any and all present or
future stamp, court or documentary taxes and any other excise or property taxes
or charges or similar levies which arise from any payment made under any Loan
Document or from the execution, delivery, performance, enforcement or
registration of, or otherwise with respect to, any Loan Document (hereinafter
referred to as "Other Taxes").

         (c) If the Borrower shall be required to deduct or pay any Taxes or
Other Taxes from or in respect of any sum payable under any Loan Document to the
Administrative Agent or any Lender, the Borrower shall also pay to the
Administrative Agent (for the account of such Lender) or to such Lender, at the
time interest is paid, such additional amount that such Lender specifies as
necessary to preserve the after-tax yield (after factoring in all taxes,
including taxes imposed on or measured by net income, and all available tax
credits) such Lender would have received if such Taxes or Other Taxes had not
been imposed.

         (d) The Borrower agrees to indemnify the Administrative Agent and each
Lender for (i) the full amount of Taxes and Other Taxes (including any Taxes or
Other Taxes imposed or asserted by any jurisdiction on amounts payable under
this Section) paid by the Administrative Agent and such Lender, (ii) amounts
payable under Section 3.01(c) and (iii) any liability (including penalties,
interest and expenses) arising therefrom or with respect thereto, in each case
whether or not such Taxes or Other Taxes were correctly or legally imposed or
asserted by the relevant Governmental Authority. In the event that such Taxes or
Other Taxes referred to in clause (iii) shall exceed $100,000, the Lender
subject to such Tax or Other Tax shall (x) notify the Borrower of such
imposition or assertion and (y) the Borrower, solely at its own expense, may
cause such Lender to contest the imposition or assertion of any such Tax or
Other Tax as to which there exists no reasonable basis. The Borrower shall fully
indemnify such Lender for all costs (including any liabilities, penalties,
interest and expenses) incurred by such Lender in connection with any such
contest to the extent necessary to preserve such Lender's after-tax yield.
Nothing contained in this Section (A) obligates the Administrative Agent or any
Lender (or any of their respective Affiliates) to disclose to the Borrower any
of its tax records or materials relating thereto, (B) shall interfere with the
right of the Administrative Agent or any Lender (or any of their respective
Affiliates) to arrange its taxation and financial affairs in whatever manner it
deems appropriate, or (C) obligates the Administrative Agent or any Lender (or
any of their respective Affiliates) to claim relief from taxation on its
corporate profits or, subject to clause (y) above, to claim any credits,
deductions or other relief otherwise available to it with respect to its tax
affairs. Payment under this subsection (d) shall be made within 30 days after
the date the Lender or the Administrative Agent makes a demand therefor.

         3.02 ILLEGALITY. If the introduction, interpretation or administration
of any Law shall, after the date hereof, make it unlawful, or if any
Governmental Authority asserts that it is unlawful, for any Lender or its
applicable Lending Office to make, maintain or fund Eurodollar Rate Loans, or if
any such circumstance materially restricts the authority of such Lender to
purchase or sell, or to take deposits of, Dollars in the applicable offshore
Dollar market, or to

                                       25
<PAGE>   30
determine or charge interest rates based upon the Eurodollar Rate, then, on
notice thereof by such Lender to the Borrower through the Administrative Agent,
any obligation of such Lender to make or continue Eurodollar Rate Loans or to
convert Base Rate Loans to Eurodollar Rate Loans shall be suspended until such
Lender notifies the Administrative Agent and the Borrower that the circumstances
giving rise to such determination no longer exist. Upon receipt of such notice,
the Borrower shall, upon demand from such Lender (with a copy to the
Administrative Agent), prepay or, if applicable, convert all Eurodollar Rate
Loans of such Lender to Base Rate Loans, either on the last day of the Interest
Period thereof, if such Lender may lawfully continue to maintain such Eurodollar
Rate Loans to such day, or immediately, if such Lender may not lawfully continue
to maintain such Eurodollar Rate Loans. Upon any such prepayment or conversion,
the Borrower shall also pay interest on the amount so prepaid or converted. Each
Lender agrees to designate a different Lending Office if such designation will
avoid the need for such notice and will not, in the good faith judgment of such
Lender, otherwise be materially disadvantageous to such Lender.

         3.03 INABILITY TO DETERMINE RATES. If the Administrative Agent
determines in connection with any request for a Eurodollar Rate Loan or a
conversion to or continuation thereof that (a) Dollar deposits are not being
offered to banks in the applicable offshore Dollar market for the applicable
amount and Interest Period of such Eurodollar Rate Loan, (b) adequate and
reasonable means do not exist for determining the Eurodollar Rate for such
Eurodollar Rate Loan, or (c) the Eurodollar Rate for such Eurodollar Rate Loan
does not adequately and fairly reflect the cost to the Lenders of funding such
Eurodollar Rate Loan, the Administrative Agent will promptly, but in any event
not later than the first day of the Interest Period related to such Loan (or the
conversion or continuation thereof, as the case may be), notify the Borrower and
all Lenders. Thereafter, the obligation of the Lenders to make or maintain
Eurodollar Rate Loans shall be suspended until the Administrative Agent revokes
such notice. Upon receipt of such notice, the Borrower may revoke any pending
request for a Borrowing, conversion or continuation of Eurodollar Rate Loans or,
failing that, will be deemed to have converted such request into a request for a
Borrowing of Base Rate Loans in the amount specified therein.

         3.04 INCREASED COST AND REDUCED RETURN; CAPITAL ADEQUACY RESERVES ON
EURODOLLAR RATE LOANS.

         (a) If any Lender determines that as a result of the introduction of or
any change in or in the interpretation of any Law, or such Lender's compliance
therewith, there shall be any increase in the cost to such Lender of agreeing to
make or making, funding or maintaining Eurodollar Rate Loans, or a reduction in
the amount received or receivable by such Lender in connection with any of the
foregoing (excluding for purposes of this subsection (a) any such increased
costs or reduction in amount resulting from (i) Taxes or Other Taxes (as to
which Section 3.01 shall govern), (ii) changes in the basis of taxation of
overall net income or overall gross income by the United States or any foreign
jurisdiction or any political subdivision of either thereof under the Laws of
which such Lender is organized or has its Lending Office, and (iii) reserve
requirements contemplated by Section 3.04(c)), then from time to time upon
demand of such Lender (with a copy of such demand to the Administrative Agent),
the Borrower shall pay to such Lender such additional amounts as will compensate
such Lender for such increased cost or reduction.

                                       26
<PAGE>   31
         (b) If any Lender determines that the introduction of any Law regarding
capital adequacy or any change therein or in the interpretation thereof, or
compliance by such Lender (or its Lending Office) therewith, has the effect of
reducing the rate of return on the capital of such Lender or any corporation
controlling such Lender as a consequence of such Lender's obligations hereunder
(taking into consideration its policies with respect to capital adequacy and
such Lender's desired return on capital), then from time to time upon demand of
such Lender (with a copy of such demand to the Administrative Agent), the
Borrower shall pay to such Lender such additional amounts as will compensate
such Lender for such reduction.

         (c) The Borrower shall pay to each Lender, as long as such Lender shall
be required to maintain reserves with respect to liabilities or assets
consisting of or including Eurocurrency funds or deposits (currently known as
"Eurocurrency liabilities"), additional costs on the unpaid principal amount of
each Eurodollar Rate Loan equal to the actual costs of such reserves allocated
to such Loan by such Lender (as determined by such Lender in good faith, which
determination shall be conclusive), which shall be due and payable on each date
on which interest is payable on such Loan, provided that the Borrower shall have
received at least 15 days' prior notice (with a copy to the Administrative
Agent) of such additional interest from such Lender. If a Lender fails to give
notice 15 days prior to the relevant Interest Payment Date, such additional
interest shall be due and payable 15 days from receipt of such notice.

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

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

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

         (c) any assignment of a Eurodollar Rate Loan on a day other than the
last day of the Interest Period therefor as a result of a request by the
Borrower pursuant to Section 10.16;

including any loss of anticipated profits and any loss or expense arising from
the liquidation or reemployment of funds obtained by it to maintain such Loan or
from fees payable to terminate the deposits from which such funds were obtained.
Notwithstanding the foregoing, the Borrower shall have no obligation to pay any
Lender any amount arising under subsection (a) to the extent that such amount
exceeds the amount, if any, by which (i) the present value of the additional
interest which would have been payable to such Lender if the applicable Loan had
not been prematurely continued, converted, paid or prepaid exceeds (ii) the
present value of the interest which would have been receivable by such Lender as
a result of placing the amount so received by such Lender as a consequence of
the continuation, conversion, payment or prepayment of such Loan on deposit in
the applicable offshore Dollar interbank market for a term equal to the number
of days remaining in the Interest Period related to such Loan. For purposes of
calculating the present value of any interest payments referred in the
immediately preceding

                                       27
<PAGE>   32
sentence, such interest payments shall be discounted at a rate equal to the sum
of (x) the Eurodollar Rate in effect on the date two Business Days prior to the
date the Borrower continues, converts, pays or prepays any Loan in the manner
described in subsection (a), and (y) the margin listed under the heading
"Eurodollar Rate" in the definition of "Applicable Rate." The Borrower shall
also pay any customary administrative fees charged by such Lender in connection
with the foregoing. The foregoing indemnity shall not apply to any special,
incidental or consequential damages.

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

         3.06 MATTERS APPLICABLE TO ALL REQUESTS FOR COMPENSATION.

         (A) A certificate of the Administrative Agent or any Lender claiming
compensation under this Article III and setting forth in reasonable detail the
basis for computing the additional amount or amounts to be paid to it hereunder
shall be provided to the Borrower and shall be conclusive in the absence of
manifest error. In determining such amount, the Administrative Agent or such
Lender may use any reasonable averaging and attribution methods.

         (b) Upon any Lender's making a claim for compensation under Section
3.01 or 3.04, the Borrower may remove or replace such Lender in accordance with
Section 10.16.

         3.07 SURVIVAL. All of the Borrower's obligations under this Article III
shall survive termination of the Commitments and payment in full of all the
other Obligations.

         3.08 CHANGE IN LENDING OFFICE; LIMITATION ON INCREASED COSTS.

         (a) Each Lender agrees that it will use reasonable efforts to designate
an alternate lending office with respect to any of its Loans affected by the
matters or circumstances described in Sections 3.01, 3.02, or 3.04 to reduce the
liability of the Borrower or avoid the results provided thereunder, so long as
such designation is not disadvantageous to such Lender as determined by such
Lender in its sole discretion; provided that nothing in this Section 3.08 shall
affect or postpone any of the obligations of the Borrower or the right of any
Lender provided in such Sections.

         (b) Notwithstanding Section 3.04, the Borrower shall only be obligated
to compensate the Lenders for amounts arising under Section 3.04 to the extent
such amounts arose during (i) any time or period commencing not more than 6
months prior to the date on which such Lender notifies the Administrative Agent
and the Borrower that such Lender proposes to demand compensation under Section
3.04 and (ii) any time or period during which, because of the unannounced
retroactive application of any statute, regulation or other basis, such Lender
could not have known that such amount might arise or accrue.

                                  ARTICLE IV.
                    CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

                                       28
<PAGE>   33
         4.01 CONDITIONS OF INITIAL CREDIT EXTENSION. The obligation of each
Lender to make its initial Credit Extension hereunder is subject to satisfaction
of the following conditions precedent:

         (a) Unless waived by all the Lenders (or by the Administrative Agent
with respect to immaterial matters or items specified in clause (iv) below with
respect to which the Borrower has given assurances satisfactory to the
Administrative Agent that such items shall be delivered promptly following the
Closing Date), the Administrative Agent's receipt of the following, each of
which shall be originals or facsimiles (followed promptly by originals) unless
otherwise specified, each properly executed by a Responsible Officer of the
Borrower, each dated the Closing Date (or, in the case of certificates of
governmental officials, a recent date before the Closing Date) and each in form
and substance satisfactory to the Administrative Agent and its legal counsel:

                  (i) executed counterparts of this Agreement, sufficient in
         number for distribution to the Administrative Agent, the Syndication
         Agent, each Lender and the Borrower;

                  (ii) Notes executed by the Borrower in favor of each Lender
         requesting such a Note, each in a principal amount equal to such
         Lender's Commitment;

                  (iii) such certificates of resolutions or other action,
         incumbency certificates and/or other certificates of the Secretary or
         Assistant Secretary of the Borrower as the Administrative Agent may
         require to establish the identities of and verify the authority and
         capacity of each Responsible Officer thereof authorized to act as a
         Responsible Officer in connection with this Agreement and the other
         Loan Documents to which the Borrower is a party;

                  (iv) such evidence as the Administrative Agent may reasonably
         require to verify that the Borrower is duly organized or formed,
         validly existing, in good standing and qualified to engage in business
         in each jurisdiction (A) in which it is incorporated or has any
         headquarter function, or (B) in which it has a substantial operating
         facility; including certified copies of the Borrower's Organization
         Documents and certificates of good standing and qualification to engage
         in business;

                  (v) a certificate signed by a Responsible Officer of the
         Borrower certifying (A) that the conditions specified in Sections
         4.02(a) and (b) have been satisfied, (B) that there has been no event
         or circumstance since the date of the Audited Financial Statements
         which has or could be reasonably expected to have a Material Adverse
         Effect; and (C) the current Debt Ratings;

                  (vi) an affirmative opinion of counsel to the Borrower
         addressing such matters as are set forth in Exhibit E hereto;

                  (vii) evidence (A) that all amounts outstanding under the
         Existing Credit Facility have been repaid, and (B) that the
         "commitments" of the lenders under the Existing Credit Facility have
         been or concurrently with the Closing Date are being terminated; and

                                       29
<PAGE>   34
                  (viii) such other assurances, certificates, documents or
         consents as the Administrative Agent, the Syndication Agent or the
         Required Lenders reasonably may require.

         (b) Any fees required to be paid on or before the Closing Date in
connection herewith shall have been paid.

         (c) Unless waived by the Administrative Agent or the Syndication Agent,
respectively, the Borrower shall have paid all Attorney Costs of the
Administrative Agent and the Syndication Agent to the extent invoiced prior to
or on the Closing Date, plus such additional amounts of Attorney Costs as shall
constitute the Administrative Agent's and the Syndication Agent's reasonable
estimates of Attorney Costs incurred or to be incurred by each of them through
the closing proceedings (provided that such estimate shall not thereafter
preclude a final settling of accounts between the Borrower and the
Administrative Agent or the Borrower and the Syndication Agent).

         4.02 CONDITIONS TO ALL CREDIT EXTENSIONS. The obligation of each Lender
to honor any Loan Notice (other than a Loan Notice requesting only a conversion
of Loans to the other Type, or a continuation of Loans as the same Type) is
subject to the following conditions precedent:

         (a) The representations and warranties of the Borrower contained in
Article V, or which are contained in any document furnished at any time under or
in connection herewith, shall be true and correct in all material respects on
and as of the date of such Credit Extension, except to the extent that such
representations and warranties specifically refer to an earlier date, in which
case they shall be true and correct as of such earlier date.

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

         (c) The Administrative Agent shall have received a Loan Notice in
accordance with the requirements hereof.

         Each Loan Notice (other than a Loan Notice requesting only a conversion
of Loans to the other Type or a continuation of Loans as the same Type)
submitted by the Borrower shall be deemed to be a representation and warranty
that the conditions specified in Sections 4.02(a) and (b) have been satisfied on
and as of the date of the applicable Credit Extension.

                                   ARTICLE V.
                         REPRESENTATIONS AND WARRANTIES

         The Borrower represents and warrants to the Administrative Agent and
the Lenders that:

         5.01 EXISTENCE, QUALIFICATION. The Borrower is a corporation duly
incorporated, validly existing and in good standing under the Laws of its
jurisdiction of incorporation and is in good standing under the Laws of the
State of Florida.

                                       30
<PAGE>   35
         5.02 AUTHORIZATION; NO CONTRAVENTION. The execution, delivery and
performance by the Borrower of each Loan Document are within its corporate
powers, have been duly authorized by all necessary corporate action, and do not
contravene (a) the Borrower's Organization Documents, (b) any applicable Laws or
(c) any material contractual restriction binding on or affecting the Borrower.

         5.03 GOVERNMENTAL AUTHORIZATION. No authorization or approval or other
action by, and no notice to or filing with, any Governmental Authority or any
other Person is required for the due execution, delivery and performance by the
Borrower of any Loan Document.

         5.04 BINDING EFFECT. This Agreement is, and each other Loan Document
when delivered hereunder will be, the legal, valid and binding obligation of the
Borrower enforceable against it in accordance with its respective terms except
that such enforcement may be limited by applicable bankruptcy, insolvency and
other similar laws affecting creditors' rights generally.

         5.05 FINANCIAL STATEMENTS; NO MATERIAL ADVERSE CHANGE.

         (a) The Audited Financial Statements, copies of which have been
furnished to the Lenders, fairly present the consolidated financial condition of
the Borrower and its Subsidiaries as of June 30, 2000 and the results of the
operations of the Borrower and its Subsidiaries for the fiscal year ended on
such date, all in accordance with GAAP consistently applied.

         (b) Since the date of the Audited Financial Statements, there has been
no material adverse change in such conditions or operations.

         5.06 LITIGATION. Except as set forth on Schedule 5.06, there is no
pending or, to the Borrower's knowledge, threatened action or proceeding
affecting the Borrower or any of its Subsidiaries before any court, Governmental
Authority or arbitrator which could reasonably be expected to have a Material
Adverse Effect.

         5.07 ERISA COMPLIANCE. No Reportable Event has occurred during the
five-year period prior to the date on which this representation is made or
deemed made with respect to any Plan, and each Plan has, during this five-year
period, complied in all material respects with the applicable provisions of
ERISA and the Code. There is no outstanding Lien under ERISA or the Code with
respect to any Plan. The present value of all accrued benefits under each Single
Employer Plan (based on those assumptions used to fund the Plans) did not, as of
the last annual valuation date prior to the date on which this representation is
made or deemed made, exceed the value of the assets of such Plan allocable to
such accrued benefits. Neither the Borrower nor any Commonly Controlled Entity
has had a complete or partial withdrawal from any Multiemployer Plan with
respect to which there is an outstanding liability, and neither the Borrower nor
any Commonly Controlled Entity would become subject to any liability under ERISA
if the Borrower or any such Commonly Controlled Entity were to withdraw
completely from all Multiemployer Plans as of the valuation date most closely
preceding the date on which this representation is made or deemed made. No such
Multiemployer Plan is in Reorganization or Insolvency.

         5.08 REAL PROPERTY. To the Borrower's knowledge, each of the
representations and warranties set forth in paragraphs (a) through (e) of this
Section 5.08 is true and correct with

                                       31
<PAGE>   36
respect to each parcel or real property owned or operated by the Borrower and
its Subsidiaries (the "Properties"), except to the extent that the facts and
circumstances giving rise to any such failure to be so true and correct would
not reasonably be expected to have a Material Adverse Effect:

         (a) The Properties do not contain, and have not previously contained,
in, on, or under such Properties, including without limitation, the soil and
groundwater thereunder, any Hazardous Materials in concentrations which violate
Environmental Laws.

         (b) The Properties and all operations and facilities at the Properties
are in compliance with all Environmental Laws, and there is no Hazardous
Materials contamination or violation of any Environmental Law which could
interfere with the continued operation of any of the Properties or impair the
fair saleable value of any thereof.

         (c) Neither the Borrower nor any of its Subsidiaries has received any
complaint, notice of violation, alleged violation, investigation or advisory
action or of potential liability or of potential responsibility regarding
environmental protection matters or permit compliance with regard to the
Properties, nor is the Borrower aware that any Governmental Authority is
contemplating delivery to the Borrower or any of its Subsidiaries of any such
notice.

         (d) Hazardous Materials have not been generated, treated, stored,
disposed of, at, on or under any of the Properties, nor have any Hazardous
Materials been transferred from the Properties to any other location.

         (e) There are no governmental, administrative actions or judicial
proceedings pending or contemplated under any Environmental Laws to which the
Borrower or any of its Subsidiaries is or will be named as a party with respect
to the Properties, nor are there any consent decrees or other decrees, consent
orders, administrative orders or other orders, or other administrative or
judicial requirements, outstanding under any Environmental Law with respect to
any of the Properties.

         5.09 MARGIN REGULATIONS; INVESTMENT COMPANY ACT; PUBLIC UTILITY HOLDING
COMPANY ACT.

         (a) The Borrower is not generally engaged in the business of extending
credit or in the business of purchasing or carrying Margin Stock (within the
meaning of Regulation U issued by the Board), and the Borrowings hereunder will
not be used for the purpose of carrying Margin Stock in a manner which (i) would
violate or result in a violation of Regulations T, U or X issued by the Board,
or (ii) would constitute a Hostile Acquisition involving Margin Stock.

         (b) None of the Borrower, any Person controlling the Borrower, or any
Subsidiary (i) is a "holding company," or a "subsidiary company" of a "holding
company," or an "affiliate" of a "holding company" or of a "subsidiary company"
of a "holding company," within the meaning of the Public Utility Holding Company
Act of 1935, or (ii) is or is required to be registered as an "investment
company" under the Investment Company Act of 1940.

         5.10 OUTSTANDING LOANS(a) . The aggregate principal amount of Loans
outstanding to the Lenders under the Commitments does not exceed the aggregate
amount of the Commitments.

                                       32
<PAGE>   37
         5.11 TAXES. The Borrower and its Subsidiaries have filed all Federal,
state and other material tax returns and reports required to be filed, and have
paid all Federal, state and other material taxes, assessments, fees and other
governmental charges levied or imposed upon them or their properties, income or
assets otherwise due and payable, except (a) those which are being contested in
good faith by appropriate proceedings and for which adequate reserves have been
provided in accordance with GAAP, and (b) those required, levied or imposed by
foreign governments if, in the opinion of the board of directors of the
Borrower, the filing or payment thereof shall no longer be advantageous to the
Borrower or such Subsidiary in the conduct of its business and the failure to so
file or pay would not in the aggregate have a Material Adverse Effect. There is
no proposed tax assessment against the Borrower or any Subsidiary that would, if
made, have a Material Adverse Effect.

         5.12 INTELLECTUAL PROPERTY; LICENSE, ETC.. In all material respects,
the Borrower and its Subsidiaries own, or possess the right to use, all of the
trademarks, service marks, trade names, copyrights, patents, patent rights,
franchises, licenses and other intellectual property rights (together, "IP
Rights") that are reasonably necessary for the operation of their respective
businesses, without, to the Borrower's knowledge, conflict with the rights of
any other Person. Except as specifically disclosed in Schedule 5.12, to the best
knowledge of the Borrower as of the Closing Date, (a) no claim or litigation
regarding any of the foregoing is pending or threatened and no patent,
invention, device, application, principle or any statute, law, rule, regulation,
standard or code is pending or proposed, and (b) no slogan or other advertising
device, product, process, method, substance, part or other material now
employed, or now contemplated to be employed, by the Borrower or any Subsidiary,
infringes upon any rights held by any other Person; which, in either case, could
reasonably be expected to result in a Material Adverse Effect.

         5.13 DISCLOSURE. No statement, information, report, representation, or
warranty made by the Borrower in any Loan Document or furnished to the
Administrative Agent or any Lender by or on behalf of the Borrower in connection
with any Loan Document contains any untrue statement of material fact or omits
any material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made,
not misleading.

                                  ARTICLE VI.
                              AFFIRMATIVE COVENANTS

         So long as any Lender shall have any Commitment hereunder, or any Loan
or other Obligation shall remain unpaid or unsatisfied, the Borrower shall,
unless the Required Lenders shall otherwise consent in writing:

         6.01 REPORTING REQUIREMENTS.

           Deliver to the Administrative Agent (with sufficient copies for
distribution to each Lender):

         (a) as soon as available, but in any event within 120 days after the
end of each fiscal year of the Borrower, a consolidated balance sheet of the
Borrower and its Subsidiaries as at the

                                       33
<PAGE>   38
end of such fiscal year, and the related consolidated statements of income and
cash flows for such fiscal year, setting forth in each case in comparative form
the figures for the previous fiscal year, all in reasonable detail, audited and
accompanied by a report and opinion of Ernst & Young LLP or another independent
certified public accountant of nationally recognized standing reasonably
acceptable to the Required Lenders, which report and opinion shall be prepared
in accordance with GAAP and shall not be subject to any qualifications or
exceptions as to the scope of the audit nor to any going concern qualification;

         (b) as soon as available, but in any event within 60 days after the end
of each of the first three fiscal quarters of each fiscal year of the Borrower
(commencing with the fiscal quarter ended nearest March 31, 2001), a
consolidated balance sheet of the Borrower and its Subsidiaries as at the end of
such fiscal quarter, and the related consolidated statements of income and cash
flows for such fiscal quarter and for the portion of the Borrower's fiscal year
then ended, setting forth in each case in comparative form the figures for the
corresponding fiscal quarter of the previous fiscal year and the corresponding
portion of the previous fiscal year, all in reasonable detail and certified by a
Responsible Officer of the Borrower as fairly presenting the financial
condition, results of operations and cash flows of the Borrower and its
Subsidiaries in accordance with GAAP, subject only to normal year-end audit
adjustments and the absence of footnotes;

         (c) promptly after the sending or filing thereof, copies of all reports
which the Borrower sends to any of its security holders, and copies of all
reports and registration statements which the Borrower or any Subsidiary files
with the Securities and Exchange Commission or any national securities exchange;
provided that the Borrower shall not be required to furnish copies of
registration statements filed on Form S-8 or Form 144, or exhibits to the
reports and registration statements referred to in this subsection (c);

         (d) promptly after the filing or receiving thereof, copies of all
reports and notices which the Borrower, any of its Subsidiaries or any Commonly
Controlled Entity files under ERISA with the PBGC or the United States
Department of Labor or which the Borrower, any of its Subsidiaries or any
Commonly Controlled Entity receives from the PBGC; provided that the Borrower
shall not be required to furnish copies of the reports and notices referred to
in this subsection (d) until such time as the aggregate unfunded vested
liabilities under all Plans maintained for employees of the Borrower and any
Commonly Controlled Entity and covered by Title IV of ERISA exceed 4.00% of
Shareholders' Equity as reflected in the financial statements most recently
furnished by the Borrower to the Lenders pursuant to this Section 6.01;

         (e) promptly subsequent to the rendering thereof and, upon a
Responsible Officer becoming aware thereof, notice of the rendering against the
Borrower or any of its Subsidiaries of any final judgment or order for the
payment of money in excess of the Threshold Amount (or its equivalent in another
applicable currency), together with a description in reasonable detail of the
relevant circumstances and the action which the Borrower proposes to take in
response thereto;

         (f) promptly, notice of any Event of Default or any Default hereunder,
together with a description in reasonable detail of the relevant circumstances
and the action which the Borrower proposes to take in response thereto;

                                       34
<PAGE>   39
         (g) promptly, (i) of the occurrence of any ERISA Event arising under
subsections (c), (d), (e) or (f) of the definition of "ERISA Event" and (ii) of
the occurrence of any other ERISA Event that has resulted or could reasonably be
expected to result in a Material Adverse Effect; in each case, together with a
description in reasonable detail of the relevant circumstances and the action
which the Borrower proposes to take in response thereto;

         (h) promptly, of any announcement by Moody's or S&P of any downgrade or
possible downgrade in a Debt Rating; and

         (i) such other information respecting the conditions or operations,
financial or otherwise, of the Borrower or any of its Subsidiaries as any
Lender, through the Administrative Agent, may from time to time reasonably
request.

         Reports required to be delivered pursuant to Sections 6.01(a), (b) or
(c) shall be deemed to have been delivered on the date on which the Borrower
posts such reports on the Borrower's website on the Internet at the website
address listed on Schedule 10.02 hereof or when such report is posted on the
Securities and Exchange Commission's website at www.sec.gov; provided that (x)
the Borrower shall deliver paper copies of such reports to the Administrative
Agent upon request or to any Lender who requests the Borrower to deliver such
paper copies until written request to cease delivering paper copies is given by
the Administrative Agent or such Lender, and (y) the Borrower shall, on or
before the required delivery date, notify by facsimile the Administrative Agent
and each Lender of the posting of any such reports. The Administrative Agent
shall have no obligation to request the delivery or to maintain copies of the
reports referred to above, and in any event shall have no responsibility to
monitor compliance by the Borrower with any such request for delivery, and each
Lender shall be solely responsible for requesting delivery to it or maintaining
its copies of such reports.

         6.02 CORPORATE EXISTENCE. Maintain its corporate existence and good
standing in its jurisdiction of incorporation and maintain its qualification as
a foreign corporation and good standing in all jurisdictions where the failure
to so qualify would have a Material Adverse Effect.

         6.03 COMPLIANCE WITH LAWS, ETC. Comply, and cause each of its
Subsidiaries to comply, with all applicable laws, rules, regulations and orders
where the failure to so comply would have a Material Adverse Effect, such
compliance to include, without limitation, paying before the same become
delinquent all taxes, assessments and governmental charges imposed upon it or
upon its property, except to the extent otherwise permitted by Section 6.08.

         6.04 CERTIFICATES. Furnish to the Administrative Agent (in sufficient
copies for distribution to each Lender), concurrently with the delivery of the
financial statements referred to in Sections 6.01(a) and (b), a Compliance
Certificate signed by a Responsible Officer (a) stating that, to such
Responsible Officer's knowledge, the Borrower during such period has in all
material respects observed or performed all of its covenants and other
agreements and satisfied every condition contained in this Agreement and in each
other Loan Document to be observed, performed or satisfied by it, and that such
Responsible Officer has obtained no knowledge of any Event of Default except as
specified in such certificate, and (b) showing in reasonable detail the
calculation supporting such statement in respect of Sections 7.01(q), 7.03 and
7.06.

                                       35
<PAGE>   40
         6.05 COVENANT TO SECURE NOTES EQUALLY. Without affecting the
obligations of the Borrower under Section 7.01, if the Borrower or any of its
Subsidiaries shall create, assume, incur or suffer to exist any Lien upon any of
their respective property or assets, whether now owned or hereafter acquired,
other than Permitted Liens (unless prior written consent to the creation or
assumption thereof shall have been obtained from the Required Lenders pursuant
to Section 10.01), then the Borrower shall make or cause to be made effective
provisions whereby the Obligations shall be secured by such Lien equally and
ratably with any and all other Debt or other obligations thereby secured, and
such security shall be created and conveyed by documentation satisfactory in
scope, form and substance to the Administrative Agent and shall continue in full
force and effect until the same is released by the Lenders, for as long as the
Debt or other obligations are secured thereby and in any case the Obligations
shall have the benefit, to the full extent that the holders may be entitled
thereto under applicable law, of an equitable lien on such property or assets
equally and ratably securing the Obligations.

         6.06 MAINTENANCE OF PROPERTIES. Maintain all of its property in good
repair, working order and condition, reasonable wear and tear excepted, and from
time to time to make all proper repairs, renewals or replacements, betterments
and improvements thereto so that the business carried on in connection therewith
may be properly conducted at all times, and cause its Subsidiaries to do so,
except where the failure to make such repairs, renewals, replacements,
betterments or improvements would not, in the aggregate, have a Material Adverse
Effect.

         6.07 MAINTENANCE OF INSURANCE. Keep, and cause each of its Subsidiaries
to keep, all of its insurable properties insured against loss or damage by
theft, fire, smoke, sprinklers, riot and explosion, such insurance to be in such
form, in such amount and against such other risks and hazards as are customarily
maintained by other Persons operating similar businesses and having similar
properties in the same general areas in which the Borrower and its Subsidiaries
own property.

         6.08 TAXES AND OTHER CLAIMS. Pay and discharge, and cause each of its
Subsidiaries to pay and discharge, before the same shall become delinquent, (a)
all tax liabilities, assessments and governmental charges or levies imposed upon
it or its properties or assets, and (b) all known lawful claims which, if
unpaid, might by law become a Lien upon its property; provided that neither the
Borrower nor any of its Subsidiaries shall be required to pay or discharge (x)
any such tax, assessment, charge or claim which is being contested in good faith
and by proper proceedings and for which adequate reserves have been provided in
accordance with GAAP or (y) any such taxes or assessments levied by foreign
governments if, in the opinion of the board of directors of the Borrower,
payment thereof shall no longer be advantageous to the Borrower or such
Subsidiary in the conduct of its business and the failure to so pay would not in
the aggregate have a Material Adverse Effect.

         6.09 ENVIRONMENTAL LAWS.

         (a) Comply with, and use commercially reasonable efforts to ensure
compliance by all tenants and subtenants, if any, with all Environmental Laws
and obtain and comply with and maintain, and ensure that all tenants and
subtenants obtain and comply with and maintain, any and all licenses, approvals,
registration or permits required by Environmental Laws, and cause

                                       36
<PAGE>   41
each of its Subsidiaries to do so, except to the extent that failure to do so
would not be reasonably expected to have a Material Adverse Effect;

         (b) Conduct and complete all investigations, studies, sampling and
testing, and all remedial, removal and other actions required under
Environmental Laws and promptly comply with all lawful orders and directives of
all Governmental Authorities respecting Environmental Laws, and cause each of
its Subsidiaries to do so except to the extent that the same are being contested
in good faith by appropriate proceedings and the pendency of such proceedings
would not be reasonably expected to have a Material Adverse Effect; and

         (c) Defend, indemnify and hold harmless the Administrative Agent and
each Lender, and their respective employees, agents, officers and directors,
from and against any actual and direct claims, demands, penalties, fines,
liabilities, settlements, damages, costs and expenses of whatever kind or
nature, known or unknown, contingent or otherwise, arising out of, or in any way
relating to the violation of or noncompliance with any Environmental Laws
applicable to the real property owned or operated by the Borrower or any of its
Subsidiaries, or any orders, requirements or demands of Governmental Authorities
related thereto, including, without limitation, attorney's and consultant's
fees, investigation and laboratory fees, court costs and litigation expenses,
except to the extent that any of the foregoing arise out of the gross negligence
or willful misconduct of the party seeking indemnification therefor; provided
that the indemnification provided for by this paragraph shall survive the
repayment of the Notes and the termination of the Commitments for a period of
five years.

         6.10 BOOKS AND RECORDS. Keep, and cause each of its Material
Subsidiaries to keep, proper books of record and account, containing complete
and accurate entries of all their respective financial and business
transactions.

         6.11 COMPLIANCE WITH ERISA. Do, and cause each of its Commonly
Controlled Entities to do, each of the following: (a) maintain each Plan in
compliance in all material respects with the applicable provisions of ERISA, the
Code and other Federal or state law; (b) cause each Plan which is qualified
under Section 401(a) of the Code to maintain such qualification; and (c) make
all required contributions to any Plan subject to Section 412 of the Code;
except, in each case, where the failure to do so could not reasonably be
expected to result in a Material Adverse Effect.

                                  ARTICLE VII.
                               NEGATIVE COVENANTS

         So long as any Lender shall have any Commitment hereunder, or any Loan
or other Obligation shall remain unpaid or unsatisfied, the Borrower shall not,
without the written consent of the Required Lenders:

         7.01 LIENS. Create, assume, incur or suffer to exist, or allow any
Subsidiary to create, assume, incur or suffer to exist, except by a Subsidiary
in favor of the Borrower or another wholly-owned Subsidiary, any Lien on any of
its property or assets or any shares of capital stock or indebtedness of any
Subsidiary, whether now owned or hereafter acquired, or assigned, except:

                                       37
<PAGE>   42
         (a) Liens incurred in connection with the Cash Collateralization of any
L/C Obligations, as such terms are defined in the 3-Year Credit Agreement;

         (b) Liens for taxes not yet due, or Liens for taxes being contested in
good faith and by appropriate proceedings for which adequate reserves have been
established in accordance with GAAP;

         (c) Liens in respect of property or assets of the Borrower or any
Subsidiary imposed by law, which were incurred in the ordinary course of
business, such as carriers', warehousemen's and mechanics' liens and other
similar Liens arising in the ordinary course of business and (i) which do not in
the aggregate materially detract from the value of such property or assets or
materially impair the use thereof in the operations of the business of the
Borrower or any Subsidiary or (ii) which are being contested in good faith by
appropriate proceedings for which adequate reserves have been established in
accordance with GAAP and which proceedings have the effect of preventing the
forfeiture or sale of the property or assets subject to any such Lien;

         (d) Liens in existence on the Closing Date and disclosed on Schedule
7.01 hereto;

         (e) Liens existing prior to the time of acquisition (other than Liens
created, assumed or incurred in anticipation of acquisition) upon any property
acquired by the Borrower or any Subsidiary through purchase, merger or
consolidation or otherwise, if the payment of the indebtedness secured thereby
or interest thereon will not become, by assumption or otherwise, a personal
obligation of the Borrower or a Subsidiary;

         (f) any Lien placed upon property hereafter acquired by the Borrower or
any Subsidiary or placed upon any equipment, land, buildings, or other
properties purchased or constructed which secures Debt incurred for its purchase
or construction; provided that (i) such Lien shall cover only hereafter acquired
property or property on which construction occurs, and (ii) any such Lien shall
be created within six months of the acquisition of such property; and provided,
further, that the amount of Debt secured by any such Lien shall not exceed 100%
of the lesser of the fair market value at the time of acquisition or the cost of
the encumbered property, equipment, land or building, or construction costs, as
the case may be;

         (g) Liens (other than any Lien imposed pursuant to Sections 302 or 4068
of ERISA or Section 412 of the Code) arising by reason of deposits with, or the
giving of any form of security to, any governmental agency or any body created
or approved by law or governmental regulation, which is required by law or
governmental regulation as a condition to the transaction of any business, or
the exercise of any privilege or license, or to enable the Borrower or a
Subsidiary to maintain self-insurance or to participate in any arrangements
established by law to cover any insurance risks or in connection with workmen's
compensation, unemployment insurance, old age pensions, social security or
similar matters;

         (h) judgment liens securing judgments, none of which individually
exceed the Threshold Amount, so long as the finality of any such judgment is
being contested in good faith and execution thereon is stayed and adequate
reserves have been established in accordance with GAAP;

                                       38
<PAGE>   43
         (i) easements or similar encumbrances, the existence of which does not
impair the use or value of the property subject thereto for the purposes for
which it is held or was acquired;

         (j) lessors' and landlords' Liens on fixtures and movable property
(other than computer equipment) located on premises leased in the ordinary
course of business, so long as the rent secured by said fixtures and movable
property is not in default;

         (k) Liens consisting of leases (whether "true" leases or capitalized
leases) of computer equipment entered into in the ordinary course of business
after the date hereof;

         (l) Liens, pledges or deposits made in connection with Government
Contracts insofar as such Liens, pledges or deposits relate to property
manufactured, installed, constructed, acquired or to be supplied by, or property
furnished to, the Borrower or a Subsidiary pursuant to, or to enable the
performance of, such Government Contracts, or property the manufacture,
installation, construction or acquisition of which any government or any
department or agency thereof finances or guarantees the financing of, pursuant
to, or to enable the performance of, such Government Contracts; or deposits or
Liens, made pursuant to such Government Contracts, of or upon moneys advanced or
paid pursuant to, or in accordance with the provisions of, such Government
Contracts, or of or upon any materials or supplies acquired for the purposes of
the performance of such Government Contracts; or the assignment or pledge to any
Person, to the extent permitted by law, of the right, title and interest of the
Borrower or a Subsidiary in and to any Government Contract, or in and to any
payments due or to become due thereunder, to secure indebtedness incurred and
owing to such Person for funds or other property supplied, constructed or
installed for or in connection with the performance by the Borrower or such
Subsidiary of its obligations under such Government Contract;

         (m) any mortgage or other Lien in favor of the United States of America
or any State thereof, or political subdivision of the United States of America
or any State thereof, or any department, agency or instrumentality of the United
States of America or any State thereof, or any such political subdivision, to
secure Debt incurred for the purpose of financing the acquisition, construction
or improvement of all or any part of the property subject to such mortgage or
other Lien; provided, that (i) any such Lien shall cover only such acquired
property or property on which construction of improvements occurs, and (ii) any
such Lien shall be created within six months of the acquisition of or
construction or improvement on such property; and provided, further, that (x)
the amount of Debt secured by any such Lien shall not exceed 100% of the lesser
of the fair market value at the time of acquisition or construction or the cost
of the encumbered property, equipment, land or building, as the case may be and
(y) the aggregate amount of all Debt and other indebtedness secured by all such
Liens shall not exceed $50,000,000 at any time during the term of this
Agreement;

         (n) any Lien securing Debt of a Subsidiary outstanding at the time it
became a Subsidiary (provided that such Lien was not created in connection with
or in contemplation of the acquisition of such Subsidiary), and any other Lien
created in connection with the refinancing, renewal or extension of such Debt
which is limited to the same property, provided that the amount of the Debt
secured by such refinancing, renewal or extension Lien does not exceed the
amount of Debt secured by the Lien to be refinanced, renewed or extended and
outstanding at the time of such refunding, renewal or extension;

                                       39
<PAGE>   44
         (o) any Lien created in connection with the refinancing, renewal or
extension of any obligations, Debt or claims secured by a Lien of the type
described in subsections (d), (e), (f) and (g) above which is limited to the
same property; provided that the aggregate amount of the Debt or claims secured
by such refinancing, renewal or extension Lien does not exceed the aggregate
amount thereof secured by the Lien so refinanced, renewed or extended and
outstanding at the time of such refinancing, renewal or extension;

         (p) Liens on accounts receivable, notes, chattel paper and related
property subject to a Securitization, provided that the applicable amount of any
and all such Securitizations at any time outstanding, shall not at any time
exceed the amount of $150,000,000 less any Vendor Finance Investments (other
than any Vendor Finance Investments to the extent covered by independent
third-party credit insurance as to which the insurer does not dispute coverage)
then maintained by the Borrower or its Subsidiaries; and

         (q) any Liens other than Permitted Liens or Liens incurred in
connection with a Securitization, provided that the sum of (i) the aggregate
amount of Debt and other indebtedness secured by all such Liens permitted under
this subsection (q), (ii) the aggregate monetary obligations in respect of
transactions permitted pursuant to the proviso of Section 7.03 and (iii) the
applicable amount of all Securitizations of the Borrower and its Subsidiaries,
shall not at any time exceed 25% of Total Capitalization.

         7.02 MERGER, CONSOLIDATION AND SALE OF ASSETS.

         (a) Merge or consolidate with or sell, assign, lease or otherwise
dispose of (whether in one transaction or in a series of transactions) all or
substantially all of its assets (whether now owned or hereafter acquired) to any
Person, or permit any of its Material Subsidiaries (or any group of its
Subsidiaries which taken as a whole would constitute a Material Subsidiary) to
do so, except that any such Subsidiary may merge into or consolidate with or
transfer assets to the Borrower or any other such Subsidiary and the Borrower
may merge with any other Person provided in each case that, immediately
thereafter and giving effect thereto, no event shall have occurred and be
continuing which constitutes a Default or an Event of Default and, in the case
of any such merger or consolidation to which the Borrower is a party, the
Borrower is the surviving corporation.

         (b) Sell, assign, lease or otherwise dispose of (whether in one
transaction or in a series of transactions) all or substantially all of the
assets of any line of business or other division of the Borrower or its
Subsidiaries, including through a spin-off, reverse spin-off, split-off or
similar transaction (each, a "Divestiture"), except that the Borrower or any
Subsidiary may undertake any such Divestiture (i) to the Borrower or to any
wholly-owned Subsidiary of the Borrower, as applicable, provided that, after the
consummation of any such Divestiture, the Borrower shall not distribute any
dividend to the shareholders of the Borrower payable in capital stock of such
Subsidiary or any successor or assignee Subsidiary to which such assets have
subsequently been transferred, and (ii) to the extent that, after giving effect
to any such Divestiture, (A) the aggregate book value of all assets that have
been transferred in connection with any and all other Divestitures pursuant to
this subsection (b) after the Closing Date does not exceed as of the date of any
such Divestiture 20% of Consolidated Total Assets, based on the then-current
financial statements delivered by the Borrower pursuant to Section 6.01(a) or
(b),

                                       40
<PAGE>   45
and (B) the aggregate book value of all assets that have been transferred in
connection with such Divestiture does not exceed, as of the date of such
Divestiture, 10% of Consolidated Total Assets, based on the then-current
financial statements delivered by the Borrower pursuant to Section 6.01(a) or
(b).

         7.03 SALE AND LEASEBACK. Enter into any arrangement for a term
exceeding three years with any investor or to which such investor is a party
providing for the leasing by the Borrower or any Material Subsidiary of real or
personal property which has been or is to be sold or transferred by the Borrower
or any Material Subsidiary of the Borrower to such investor or to any Person to
whom funds have been or are to be advanced by such investor on the security of
such property or rental obligations of the Borrower or any Material Subsidiary;
provided that the Borrower or any Material Subsidiary may enter into any such
arrangement if the sum of (a) the aggregate monetary obligations in respect of
all such transactions, including the proposed sale-leaseback transaction, plus
(b) the aggregate amount of Debt secured by any Liens permitted by Section
7.01(q), plus (c) the applicable amount of all Securitizations of the Borrower
and all of its Subsidiaries, shall not exceed 25% of Total Capitalization.

         7.04 CERTAIN INVESTMENTS. Make or maintain any Vendor Finance
Investments (other than Vendor Finance Investments to the extent covered by
independent third-party credit insurance as to which the insurer does not
dispute coverage) that exceed in the aggregate, together with all other Vendor
Finance Investments then outstanding $150,000,000 less the aggregate applicable
amount of all Securitizations of the Borrower and its Subsidiaries at any time
outstanding.

         7.05 USE OF PROCEEDS. Use, or allow any Subsidiary to use, directly or
indirectly, the proceeds of any Loan for purposes of undertaking or
accomplishing a Hostile Acquisition or for any purpose in contravention of
applicable Laws.

         7.06 FINANCIAL COVENANTS.

         (a) Consolidated Tangible Net Worth. Permit Consolidated Tangible Net
Worth as of the last day of any fiscal quarter of the Borrower to be less than
the sum of (a) $700,000,000, plus (b) an amount equal to 50% of the Consolidated
Net Income earned in each fiscal quarter ending after March 31, 2001 (with no
deduction for a net loss in any such fiscal quarter), plus (c) an amount equal
to 100% of the aggregate increases in Shareholders' Equity after the date hereof
by reason of the issuance and sale of capital stock of the Borrower (including
upon any conversion of debt securities of the Borrower into such capital stock);
provided that for purposes of calculating Consolidated Tangible Net Worth
hereunder, and for purposes of calculating each amount referred to in clauses
(a), (b) and (c) above, any adjustments otherwise required to be made to such
amounts by FASB 115 shall not apply.

         (b) Consolidated Total Indebtedness to Consolidated EBITDA. Permit the
ratio of Consolidated Total Indebtedness to Consolidated EBITDA (measured on a
rolling four quarter basis for the four fiscal quarters then ended), determined
as of the last day of any fiscal quarter of the Borrower, commencing with the
fiscal quarter of the Borrower ending June 30, 2001, to be less than 3:00 to 1.

                                       41
<PAGE>   46
         (c) Consolidated Total Indebtedness. Permit Consolidated Total
Indebtedness as of the last day of any fiscal quarter of the Borrower to be more
than $800,000,000.

                                 ARTICLE VIII.
                         EVENTS OF DEFAULT AND REMEDIES

         8.01 EVENTS OF DEFAULT.

           If any of the following events ("Events of Default") shall occur and
be continuing:

         (a) Non-Payment. The Borrower shall fail to pay (i) any amount of
principal of any Loan when due; (ii) any interest on any Loan when due and such
failure shall remain unremedied for five days; or (iii) within ten days after
the same becomes due and the Borrower shall have received written notice thereof
from the Administrative Agent or any Lender, any other amount payable hereunder
or under any other Loan Document; or

         (b) Specific Covenants.

                  (i) The Borrower shall have failed to perform or observe any
         term, covenant or agreement contained in any of Sections 6.01(f), 6.02,
         6.05, 7.02, 7.05; or 7.06 or

                  (ii) The Borrower shall have failed to perform or observe any
         term, covenant or agreement contained in any of Sections 6.01(a) or
         (b), 6.04, 7.01, 7.03 or 7.04 and such failure continues for 30 days
         after a Responsible Officer of the Borrower becomes aware or, through
         the exercise of reasonable diligence, should become aware of such
         failure; or

         (c) Other Defaults. The Borrower shall have failed to perform or
observe any other covenant or agreement (not specified in subsection (b) above)
contained in any Loan Document on its part to be performed or observed and such
failure continues for 30 days after written notice thereof shall have been given
to the Borrower by the Administrative Agent or any Lender; or

         (d) Representations and Warranties. Any representation or warranty made
or deemed made by the Borrower herein or by the Borrower (or any of its
officers) in connection with this Agreement or any other Loan Document shall
prove to have been incorrect in any material respect when made or deemed made;
or

         (e) Payment of Debt. The Borrower or any of its Subsidiaries shall (i)
fail to make any payment on account of any Debt (excluding Debt evidenced by the
Notes) or Hedging Arrangement of the Borrower or such Subsidiary (as the case
may be) having an outstanding principal amount (or notional amount in the case
of a Hedging Arrangement) that exceeds the Threshold Amount (or, in the case of
Non-Recourse Debt, that exceeds $50,000,000), or any interest or premium
thereon, when due (whether at scheduled maturity, upon required prepayment,
acceleration, demand or otherwise) and such failure shall continue after the
applicable grace period, if any, specified in the agreement or instrument
relating to such Debt or Hedging Arrangement, or (ii) fail to perform or observe
any term, covenant or condition on its part to be performed or observed under
any agreement or instrument relating to any such Debt (but not including Hedging
Arrangements) when required to be performed or observed, and such

                                       42
<PAGE>   47
failure shall continue after the applicable grace period, if any, specified in
such agreement or instrument, if the effect of such failure to perform or
observe is to accelerate, or to permit the acceleration of, the maturity of such
Debt; or any such Debt shall be declared to be due and payable, or required to
be prepaid (other than by a regularly scheduled required prepayment and other
than as a consequence of the sale, pledge or other disposition by the Borrower
of Margin Stock), prior to the stated maturity thereof; or

         (f) Insolvency Proceedings, Etc. (i) The Borrower or any of its
Subsidiaries shall commence any case, proceeding or other action (A) under any
existing or future law of any jurisdiction, domestic or foreign, relating to
bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an
order for relief entered with respect to it, or seeking to adjudicate it a
bankrupt or insolvent, or seeking relief with respect to it or its debts, or (B)
seeking appointment of a receiver, trustee, custodian or other similar official
for it or for all or any substantial part of its assets, or the Borrower or any
of its Subsidiaries shall make a general assignment for the benefit of its
creditors; or (ii) there shall be commenced against the Borrower or any of its
Subsidiaries any case, proceeding or other action of a nature referred to in
clause (i) above which (A) results in the entry of an order for relief or any
such adjudication or appointment or (B) remains undismissed, undischarged or
unbonded for a period in excess of 60 days; or (iii) there shall be commenced
against the Borrower or any of its Subsidiaries any case, proceeding or other
action seeking issuance of a warrant of attachment, execution, distraint or
similar process against all or any substantial part of its assets which results
in the entry of an order for any such relief which shall not have been vacated,
discharged, or stayed or bonded pending appeal within 60 days from the entry
thereof; or (iv) the Borrower or any of its Subsidiaries shall take any action
in furtherance of, or indicating its consent to, approval of, or acquiescence
in, any of the acts set forth in clauses (i), (ii), or (iii) above; or (v) the
Borrower or any of its Subsidiaries shall generally not, or shall be unable to,
or shall admit in writing its inability to, pay its debts as they become due; or

         (g) Judgments. A final judgment or order known to the Borrower for the
payment of money in excess of the Threshold Amount (or its equivalent in another
applicable currency) shall be rendered against the Borrower or any of its
Subsidiaries and not paid and either (i) enforcement proceedings shall have been
commenced upon such judgment or order and such proceedings are not being
contested in good faith or (ii) a stay of enforcement of such judgment or order
or similar relief, by reason of a pending appeal or otherwise, shall not be in
effect with respect to such judgment or order for any period of 10 consecutive
days; provided that the circumstances described in clause (i) or (ii) above, as
to such a judgment or order which is rendered by any foreign Governmental
Authority and which has not been confirmed in any way by any United States
Governmental Authority shall not give rise to any Event of Default under this
subsection (g) if the Lenders shall have been furnished (promptly after the
Borrower shall have knowledge of the commencement of any such proceedings or any
such 10 day period and promptly upon obtaining knowledge of any material change
in such circumstances) with a copy (certified by a Responsible Officer of the
Borrower) of a resolution adopted by the board of directors or the executive
committee of the board of directors of the Borrower to the effect that, having
considered the advice of counsel, it has been determined to be in the best
interests of the Borrower to permit such circumstances to exist and directing
the appropriate officers of the Borrower to notify the Lenders of all material
developments relating to such judgment or order (including any significant
modification of such determination); or

                                       43
<PAGE>   48
         (h) ERISA. (i) Any Person shall engage in any "prohibited transaction"
(as defined in Section 406 of ERISA or Section 4975 of the Code) involving any
Plan, (ii) any "accumulated funding deficiency" (as defined in Section 302 of
ERISA), whether or not waived, shall exist with respect to any Single Employer
Plan, (iii) a Reportable Event shall occur with respect to any Single Employer
Plan, or proceedings shall commence to have any Single Employer Plan terminated
or to have a trustee appointed, or a trustee shall be appointed, to administer
any Single Employer Plan, which Reportable Event or commencement of proceedings
or appointment of a trustee is, in the reasonable opinion of the Administrative
Agent, likely to result in the termination of such Plan for purposes of Title IV
of ERISA, (iv) any Single Employer Plan shall terminate in a "distress
termination" (as defined in Section 4041(c) of ERISA), (v) the Borrower or any
Commonly Controlled Entity shall, or in the reasonable opinion of the
Administrative Agent is likely to, incur any liability in connection with a
withdrawal from, or the Insolvency or Reorganization of, a Multiemployer Plan or
(vi) any other event or condition shall occur or exist, with respect to a Plan;
and in each case in clauses (i) through (vi) above, such event or condition,
together with all other such events or conditions, if any, could subject the
Borrower or any of its Subsidiaries to any tax, penalty or other liabilities in
the aggregate material in relation to the business, operations, property or
financial or other condition of the Borrower and its Subsidiaries taken as a
whole; or

         (i) Invalidity of Loan Documents. Any Loan Document, at any time after
its execution and delivery and for any reason other than the agreement of all
the Lenders or satisfaction in full of all the Obligations, ceases to be in full
force and effect, or is declared by a court of competent jurisdiction to be null
and void, invalid or unenforceable in any respect; or the Borrower denies that
it has any or further liability or obligation under any Loan Document, or
purports to revoke, terminate or rescind any Loan Document; or

         (j) Change of Control. There occurs any Change of Control;

then, and in every such event (other than an event with respect to the Borrower
described in subsection (f) above), and at any time thereafter during the
continuance of such event, the Administrative Agent, at the request of the
Required Lenders, shall, by notice to the Borrower, take either or both of the
following actions, at the same or different times: (i) declare the commitment of
each Lender to make Loans to be terminated, whereupon such commitments and
obligation shall be terminated; (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, without presentment, demand, protest or other
notice of any kind, all of which are hereby expressly waived by the Borrower;
and (iii) exercise on behalf of itself and the Lenders all rights and remedies
available to it and the Lenders under the Loan Documents or applicable law;
provided, however, that upon the occurrence of any event specified in subsection
(f) above, the obligation of each Lender to make Loans shall automatically
terminate, the unpaid principal amount of all outstanding Loans and all interest
and other amounts as aforesaid shall automatically become due and payable
without further act of the Administrative Agent or any Lender.

                                       44
<PAGE>   49
                                  ARTICLE IX.
                              ADMINISTRATIVE AGENT

         9.01 APPOINTMENT AND AUTHORIZATION OF ADMINISTRATIVE AGENT. Each Lender
hereby irrevocably (subject to Section 9.09) appoints, designates and authorizes
the Administrative Agent to take such action on its behalf under the provisions
of this Agreement and each other Loan Document and to exercise such powers and
perform such duties as are expressly delegated to it by the terms of this
Agreement or any other Loan Document, together with such powers as are
reasonably incidental thereto. Notwithstanding any provision to the contrary
contained elsewhere herein or in any other Loan Document, the Administrative
Agent shall not have any duties or responsibilities, except those expressly set
forth herein, nor shall the Administrative Agent have or be deemed to have any
fiduciary relationship with any Lender or participant, and no implied covenants,
functions, responsibilities, duties, obligations or liabilities shall be read
into this Agreement or any other Loan Document or otherwise exist against the
Administrative Agent. Without limiting the generality of the foregoing sentence,
the use of the term "agent" herein and in the other Loan Documents with
reference to the Administrative Agent is not intended to connote any fiduciary
or other implied (or express) obligations arising under agency doctrine of any
applicable law. Instead, such term is used merely as a matter of market custom,
and is intended to create or reflect only an administrative relationship between
independent contracting parties.

         9.02 DELEGATION OF DUTIES. The Administrative Agent may execute any of
its duties under this Agreement or any other Loan Document by or through agents,
employees or attorneys-in-fact and shall be entitled to advice of counsel and
other consultants or experts concerning all matters pertaining to such duties.
The Administrative Agent shall not be responsible for the negligence or
misconduct of any agent or attorney-in-fact that it selects in the absence of
gross negligence or willful misconduct.

         9.03 LIABILITY OF ADMINISTRATIVE AGENT. No Agent-Related Person shall
(a) be liable for any action taken or omitted to be taken by any of them under
or in connection with this Agreement or any other Loan Document or the
transactions contemplated hereby (except for its own gross negligence or willful
misconduct in connection with its duties expressly set forth herein), or (b) be
responsible in any manner to any Lender or participant for any recital,
statement, representation or warranty made by the Borrower or any officer
thereof, contained herein or in any other Loan Document, or in any certificate,
report, statement or other document referred to or provided for in, or received
by the Administrative Agent under or in connection with, this Agreement or any
other Loan Document, or the validity, effectiveness, genuineness, enforceability
or sufficiency of this Agreement or any other Loan Document, or for any failure
of the Borrower or any other party to any Loan Document to perform its
obligations hereunder or thereunder. No Agent-Related Person shall be under any
obligation to any Lender or participant to ascertain or to inquire as to the
observance or performance of any of the agreements contained in, or conditions
of, this Agreement or any other Loan Document, or to inspect the properties,
books or records of the Borrower or any of its Affiliates.

         9.04 RELIANCE BY ADMINISTRATIVE AGENT.

                                       45
<PAGE>   50
         (a) The Administrative Agent shall be entitled to rely, and shall be
fully protected in relying, upon any writing, communication, signature,
resolution, representation, notice, consent, certificate, affidavit, letter,
telegram, facsimile, telex or telephone message, statement or other document or
conversation believed by it to be genuine and correct and to have been signed,
sent or made by the proper Person or Persons, and upon advice and statements of
legal counsel (including counsel to the Borrower), independent accountants and
other experts selected by the Administrative Agent. The Administrative Agent
shall be fully justified in failing or refusing to take any action under any
Loan Document unless it shall first receive such advice or concurrence of the
Required Lenders as it deems appropriate and, if it so requests, it shall first
be indemnified to its satisfaction by the Lenders against any and all liability
and expense which may be incurred by it by reason of taking or continuing to
take any such action. The Administrative Agent shall in all cases be fully
protected in acting, or in refraining from acting, under this Agreement or any
other Loan Document in accordance with a request or consent of the Required
Lenders or all the Lenders, if required hereunder, and such request and any
action taken or failure to act pursuant thereto shall be binding upon all the
Lenders and participants. Where this Agreement expressly permits or prohibits an
action unless the Required Lenders otherwise determine, the Administrative Agent
shall, and in all other instances, the Administrative Agent may, but shall not
be required to, initiate any solicitation for the consent or a vote of the
Lenders.

         (b) For purposes of determining compliance with the conditions
specified in Section 4.01, each Lender that has signed this Agreement shall be
deemed to have consented to, approved or accepted or to be satisfied with, each
document or other matter either sent by the Administrative Agent to such Lender
for consent, approval, acceptance or satisfaction, or required thereunder to be
consented to or approved by or acceptable or satisfactory to a Lender.

         9.05 NOTICE OF DEFAULT. The Administrative Agent shall not be deemed to
have knowledge or notice of the occurrence of any Default or Event of Default,
except with respect to defaults in the payment of principal, interest and fees
required to be paid to the Administrative Agent for the account of the Lenders,
unless the Administrative Agent shall have received written notice from a Lender
or the Borrower referring to this Agreement, describing such Default or Event of
Default and stating that such notice is a "notice of default." The
Administrative Agent will notify the Lenders of its receipt of any such notice.
The Administrative Agent shall take such action with respect to such Default or
Event of Default as may be directed by the Required Lenders in accordance with
Article VIII; provided, however, that unless and until the Administrative Agent
has received any such direction, the Administrative Agent may (but shall not be
obligated to) take such action, or refrain from taking such action, with respect
to such Default or Event of Default as it shall deem advisable or in the best
interest of the Lenders.

         9.06 CREDIT DECISION; DISCLOSURE OF INFORMATION BY ADMINISTRATIVE
AGENT. Each Lender acknowledges that no Agent-Related Person has made any
representation or warranty to it, and that no act by the Administrative Agent
hereinafter taken, including any consent to and acceptance of any assignment or
review of the affairs of the Borrower or any of its Affiliates, shall be deemed
to constitute any representation or warranty by any Agent-Related Person to any
Lender as to any matter, including whether Agent-Related Persons have disclosed
material information in their possession. Each Lender represents to the
Administrative Agent that it has, independently and without reliance upon any
Agent-Related Person and based on such documents and information as it has
deemed appropriate, made its own appraisal of and investigation into the
business, prospects, operations, property, financial and other condition and
creditworthiness of the Borrower and its respective Subsidiaries, and all
applicable bank or other regulatory Laws relating to the transactions
contemplated hereby, and made its own decision to enter into this Agreement and
to extend credit to the Borrower hereunder. Each Lender also represents that it
will, independently and without reliance upon any Agent-Related Person and based
on such

                                       46
<PAGE>   51
documents and information as it shall deem appropriate at the time, continue to
make its own credit analysis, appraisals and decisions in taking or not taking
action under this Agreement and the other Loan Documents, and to make such
investigations as it deems necessary to inform itself as to the business,
prospects, operations, property, financial and other condition and
creditworthiness of the Borrower. Except for notices, reports and other
documents expressly required to be furnished to the Lenders by the
Administrative Agent herein, the Administrative Agent shall not have any duty or
responsibility to provide any Lender with any credit or other information
concerning the business, prospects, operations, property, financial and other
condition or creditworthiness of the Borrower or any of its respective
Affiliates which may come into the possession of any Agent-Related Person.

         9.07 INDEMNIFICATION OF ADMINISTRATIVE AGENT. Whether or not the
transactions contemplated hereby are consummated, the Lenders shall indemnify
upon demand each Agent-Related Person (to the extent not reimbursed by or on
behalf of the Borrower and without limiting the obligation of the Borrower to do
so), pro rata, and hold harmless each Agent-Related Person from and against any
and all Indemnified Liabilities incurred by it; provided, however, that no
Lender shall be liable for the payment to any Agent-Related Person of any
portion of such Indemnified Liabilities resulting from such Person's gross
negligence or willful misconduct; provided, further, however, that no action
taken in accordance with the directions of the Required Lenders shall be deemed
to constitute gross negligence or willful misconduct for purposes of this
Section. Without limitation of the foregoing, each Lender shall reimburse the
Administrative Agent upon demand for its ratable share of any costs or
out-of-pocket expenses (including Attorney Costs) incurred by the Administrative
Agent in connection with the preparation, execution, delivery, administration,
modification, amendment or enforcement (whether through negotiations, legal
proceedings or otherwise) of, or legal advice in respect of rights or
responsibilities under, this Agreement, any other Loan Document, or any document
contemplated by or referred to herein, to the extent that the Administrative
Agent is not reimbursed for such expenses by or on behalf of the Borrower. The
undertaking in this Section shall survive termination of the Commitments, the
payment of all Obligations hereunder and the resignation or replacement of the
Administrative Agent.

         9.08 ADMINISTRATIVE AGENT IN ITS INDIVIDUAL CAPACITY. SunTrust Bank and
its Affiliates may make loans to, issue letters of credit for the account of,
accept deposits from, acquire equity interests in and generally engage in any
kind of banking, trust, financial advisory, underwriting or other business with
the Borrower and its respective Affiliates as though SunTrust Bank were not the
Administrative Agent hereunder and without notice to or consent of the Lenders.
The Lenders acknowledge that, pursuant to such activities, SunTrust Bank or its
Affiliates may receive information regarding the Borrower or its Affiliates
(including information that may be subject to confidentiality obligations in
favor of the Borrower or any such Affiliate) and acknowledge that the
Administrative Agent shall be under no obligation to provide such information to
them. With respect to its Loans, SunTrust Bank shall have the same

                                       47
<PAGE>   52
rights and powers under this Agreement as any other Lender and may exercise such
rights and powers as though it were not the Administrative Agent, and the terms
"Lender" and "Lenders" include SunTrust Bank in its individual capacity.

         9.09 SUCCESSOR ADMINISTRATIVE AGENT. The Administrative Agent may, and
at the request of the Required Lenders shall, resign as Administrative Agent
upon 30 days' notice to the Lenders. If the Administrative Agent resigns under
this Agreement, the Required Lenders shall appoint from among the Lenders a
successor administrative agent for the Lenders, the appointment of which
successor administrative agent shall be subject to the consent of 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). If no
successor administrative agent is appointed prior to the effective date of the
resignation of the Administrative Agent, the Administrative Agent may appoint,
after consulting with the Lenders and the Borrower, a successor administrative
agent from among the Lenders. Upon the acceptance of its appointment as
successor administrative agent hereunder, such successor administrative agent
shall succeed to all the rights, powers and duties of the retiring
Administrative Agent and the term "Administrative Agent" shall mean such
successor administrative agent and the retiring Administrative Agent's
appointment, powers and duties as Administrative Agent shall be terminated.
After any retiring Administrative Agent's resignation hereunder as
Administrative Agent, the provisions of this Article IX and Sections 10.03 and
10.13 shall inure to its benefit as to any actions taken or omitted to be taken
by it while it was Administrative Agent under this Agreement. If no successor
administrative agent has accepted appointment as Administrative Agent by the
date which is 30 days following a retiring Administrative Agent's notice of
resignation, the retiring Administrative Agent's resignation shall nevertheless
thereupon become effective and the Lenders shall perform all of the duties of
the Administrative Agent hereunder until such time, if any, as the Required
Lenders appoint a successor agent as provided for above.

         9.10 OTHER AGENTS; LEAD MANAGERS. None of the Lenders identified on the
facing page or signature pages of this Agreement as a "syndication agent,"
"documentation agent," "co-agent" or "lead manager" shall have any right, power,
obligation, liability, responsibility or duty under this Agreement other than
those applicable to all Lenders as such. Without limiting the foregoing, none of
the Lenders so identified shall have or be deemed to have any fiduciary
relationship with any Lender. Each Lender acknowledges that it has not relied,
and will not rely, on any of the Lenders so identified in deciding to enter into
this Agreement or in taking or not taking action hereunder.

                                   ARTICLE X.
                                  MISCELLANEOUS

         10.01 AMENDMENTS, ETC. No amendment or waiver of any provision of this
Agreement or any other Loan Document, and no consent to any departure by the
Borrower therefrom, shall be effective unless in writing signed by the Required
Lenders and the Borrower, and each such waiver or consent shall be effective
only in the specific instance and for the specific purpose for which given;
provided, however, that no such amendment, waiver or consent shall, unless in
writing and signed by each of the Lenders directly affected thereby and by the
Borrower, do any of the following:

                                       48
<PAGE>   53
         (a) extend or increase the Commitment of any Lender (or reinstate any
Commitment terminated pursuant to Section 8.01);

         (b) postpone any date fixed by this Agreement or any other Loan
Document for any payment or mandatory prepayment of principal, interest, fees or
other amounts due to the Lenders (or any of them) hereunder or under any other
Loan Document;

         (c) reduce the principal of, or the rate of interest specified herein
on any Loan, or (subject to clause (iii) of the proviso below) any fees or other
amounts payable hereunder or under any other Loan Document; provided, however,
that only the consent of the Required Lenders shall be necessary to amend the
definition of "Default Rate" or to waive any obligation of the Borrower to pay
interest at the Default Rate;

         (d) change the percentage of the Aggregate Commitments or of the
aggregate unpaid principal amount of the Loans which is required for the Lenders
or any of them to take any action hereunder;

         (e) change the Pro Rata Share or Voting Percentage of any Lender
(except for any such change resulting from Section 3.06(b)); or

         (f) amend this Section, or Section 2.12, or any provision herein
providing for consent or other action by all the Lenders;

and, provided further, that (i) no amendment, waiver or consent shall, unless in
writing and signed by the Administrative Agent in addition to the Required
Lenders or all the Lenders, as the case may be, affect the rights or duties of
the Administrative Agent under this Agreement or any other Loan Document; and
(ii) the Arranger Fee Letter may be amended, or rights or privileges thereunder
waived, in a writing executed only by the respective parties thereto.
Notwithstanding anything to the contrary herein, any Lender that has failed to
fund any portion of the Loans required to be funded by it hereunder shall not
have any right to approve or disapprove any amendment, waiver or consent
hereunder, except that the Pro Rata Share of such Lender may not be increased
(except for any such increase resulting from Section 3.06(b)) without the
consent of such Lender.

         10.02 NOTICES AND OTHER COMMUNICATIONS; FACSIMILE COPIES.

         (a) General. Unless otherwise expressly provided herein, all notices,
requests, demands, consents and other communications provided for hereunder
shall be in writing (including by facsimile transmission) and mailed, faxed or
delivered, to the address, facsimile number or (subject to subsection (c) below)
electronic mail address specified for notices on Schedule 10.02; or, in the case
of the Borrower or the Administrative Agent, to such other address as shall be
designated by such party in a notice to the other parties, and in the case of
any other party, to such other address as shall be designated by such party in a
notice to the Borrower and the Administrative Agent. All such notices and other
communications shall be deemed to be given or made upon the earlier to occur of
(i) actual receipt by the intended recipient and (ii) (A) if delivered by hand
or by courier, when signed for by the intended recipient; (B) if delivered by
mail, four Business Days after deposit in the mails, postage prepaid; (C) if
delivered by facsimile, when sent and receipt has been confirmed by telephone;
and (D) if delivered by

                                       49
<PAGE>   54
electronic mail (which form of delivery is subject to the provisions of
subsection (c) below), when delivered; provided, however, that notices and other
communications to the Administrative Agent pursuant to Article II shall not be
effective until actually received by such Person. Any notice or other
communication permitted to be given, made or confirmed by telephone hereunder
shall be given, made or confirmed by means of a telephone call to the intended
recipient at the number specified on Schedule 10.02, it being understood and
agreed that a voicemail message shall in no event be effective as a notice,
communication or confirmation hereunder.

         (b) Effectiveness of Facsimile Documents and Signatures. Loan Documents
may be transmitted and/or signed by facsimile. The effectiveness of any such
documents and signatures shall, subject to applicable Law, have the same force
and effect as manually-signed originals and shall be binding on the Borrower,
the Administrative Agent and the Lenders. The Administrative Agent may also
require that any such documents and signatures be confirmed by a manually-signed
original thereof; provided, however, that the failure to request or deliver the
same shall not limit the effectiveness of any facsimile document or signature.

         (c) Limited Use of Electronic Mail. Electronic mail and internet and
intranet websites may be used only to distribute routine communications, such as
financial statements and other information, and to distribute Loan Documents for
execution by the parties thereto, and may not be used for any other purpose.

         (d) Reliance by Administrative Agent and Lenders. The Administrative
Agent and the Lenders shall be entitled to rely and act upon any notices
(including telephonic Loan Notices) purportedly given by or on behalf of the
Borrower even if (i) such notices were not made in a manner specified herein,
were incomplete or were not preceded or followed by any other form of notice
specified herein, or (ii) the terms thereof, as understood by the recipient,
varied from any confirmation thereof. The Borrower shall indemnify each
Agent-Related Person and each Lender from all losses, costs, expenses and
liabilities resulting from the reliance by such Person on each notice
purportedly given by or on behalf of the Borrower. All telephonic notices to and
other communications with the Administrative Agent may be recorded by the
Administrative Agent, and each of the parties hereto hereby consents to such
recording.

         10.03 NO WAIVER; CUMULATIVE REMEDIES.

         No failure by any Lender or the Administrative Agent to exercise, and
no delay by any such Person in exercising, any right, remedy, power or privilege
hereunder shall operate as a waiver thereof; nor shall any single or partial
exercise of any right, remedy, power or privilege hereunder preclude any other
or further exercise thereof or the exercise of any other right, remedy, power or
privilege. The rights, remedies, powers and privileges herein or therein
provided are cumulative and not exclusive of any rights, remedies, powers and
privileges provided by law.

         10.04 ATTORNEY COSTS, EXPENSES AND TAXES. The Borrower agrees (a) to
pay or reimburse the Administrative Agent and the Syndication Agent for all
reasonable out-of-pocket costs and expenses incurred in connection with the
development, preparation, negotiation and execution of this Agreement and the
other Loan Documents and any amendment, waiver, consent or other modification of
the provisions hereof and thereof (whether or not the

                                       50
<PAGE>   55
transactions contemplated hereby or thereby are consummated), and the
consummation and administration of the transactions contemplated hereby and
thereby, including all Attorney Costs, and (b) to pay or reimburse the
Administrative Agent and each Lender for all out-of-pocket costs and expenses
incurred in connection with the enforcement, attempted enforcement, or
preservation of any rights or remedies under this Agreement or the other Loan
Documents (including all such non-duplicative costs and expenses incurred during
any "workout" or restructuring in respect of the Obligations and during any
legal proceeding, including any proceeding under any Debtor Relief Law),
including all Attorney Costs. The foregoing costs and expenses shall include all
search, filing, recording, title insurance and appraisal charges and fees and
taxes related thereto, and other out-of-pocket expenses incurred by the
Administrative Agent and the Syndication Agent and the cost of independent
public accountants and other outside experts retained by the Administrative
Agent, the Syndication Agent or any Lender. The Borrower shall not be required
to pay the fees and expenses of more than one counsel for the Administrative
Agent or any Lender under clause (b) of this section unless the employment of
separate counsel has been authorized by the Borrower (such authorization not to
be unreasonably withheld or delayed). The agreements in this Section 10.04 shall
survive the termination of the Commitments and repayment of all other
Obligations.

         10.05 INDEMNIFICATION BY THE BORROWER.

         (a) Whether or not the transactions contemplated hereby are
consummated, the Borrower agrees to indemnify, save and hold harmless each
Agent-Related Person, each Lender and their respective Affiliates, directors,
officers, employees, counsel, agents and attorneys-in-fact (collectively the
"Indemnitees") from and against: (a) any and all claims, demands, actions or
causes of action that are asserted against any Indemnitee by any Person (other
than the Administrative Agent or any Lender) relating directly or indirectly to
a claim, demand, action or cause of action that such Person asserts or may
assert against the Borrower, any of its Affiliates or any of their respective
officers or directors; (b) any and all claims, demands, actions or causes of
action that may at any time (including at any time following repayment of the
Obligations and the resignation or removal of the Administrative Agent or the
replacement of any Lender) be asserted or imposed against any Indemnitee,
arising out of or relating to, the Loan Documents, the Commitments or the use or
contemplated use of the proceeds of any Credit Extension; (c) any administrative
or investigative proceeding by any Governmental Authority arising out of or
related to a claim, demand, action or cause of action described in subsection
(a) or (b) above; and (d) any and all liabilities (including liabilities under
indemnities), losses, costs or expenses (including Attorney Costs) that any
Indemnitee suffers or incurs as a result of the assertion of any foregoing
claim, demand, action, cause of action or proceeding, or as a result of the
preparation of any defense in connection with any foregoing claim, demand,
action, cause of action or proceeding, in all cases, whether or not arising out
of the negligence of an Indemnitee, and whether or not an Indemnitee is a party
to such claim, demand, action, cause of action or proceeding (all the foregoing,
collectively, the "Indemnified Liabilities"); provided that no Indemnitee shall
be entitled to indemnification for any claim caused by its own gross negligence
or willful misconduct or for any loss or Indemnified Liabilities asserted
against it by another Indemnitee. The agreements in this Section 10.05 shall
survive the termination of the Commitments and repayment of all other
Obligations. In no case shall the Borrower be required to indemnify an
Indemnitee in respect of any indirect or special or consequential damages,
except to the extent any such damages are paid or payable by an Indemnitee to a
third party.

                                       51
<PAGE>   56
         (b) The Administrative Agent and each Lender agree that if any
investigation, litigation, suit, action, or proceeding is asserted or threatened
in writing or instituted against it or any other Indemnitee, or any remedial,
removal or response action is requested of it or any other Indemnitee for which
the Administrative Agent or any Lender may desire indemnity or defense
hereunder, the Administrative Agent or such Lender shall, to the extent
permitted or practicable, promptly notify the Borrower thereof in writing;
provided that any failure on the part of the Administrative Agent or any Lender
to provide such notice shall not be deemed a waiver of the rights of the
Administrative Agent or any such Lender to seek indemnity from the Borrower in
respect of any such investigation, litigation, suit, proceeding or action. The
Borrower shall not be required to pay the fees and expenses of more than one
counsel for the Indemnitees in respect of any single action, suit or proceeding
unless the employment of separate counsel has been authorized by the Borrower
(such authorization not to be unreasonably withheld or delayed, provided that
such authorization shall be deemed to have been given during the existence of a
Default or Event of Default), or unless any Indemnitee is advised by its counsel
that there may be defenses available to it which are not available to the other
Indemnitees or that there is a reasonable likelihood of a conflict between its
interests and those of the other Indemnitees.

         10.06 PAYMENTS SET ASIDE. To the extent that the Borrower makes a
payment to the Administrative Agent or any Lender, or the Administrative Agent
or any Lender exercises its right of set-off, and such payment or the proceeds
of such set-off or any part thereof is subsequently invalidated, declared to be
fraudulent or preferential, set aside or required (including pursuant to any
settlement entered into by the Administrative Agent or such Lender in its
discretion) to be repaid to a trustee, receiver or any other party, in
connection with any proceeding under any Debtor Relief Law or otherwise, then
(a) to the extent of such recovery, the obligation or part thereof originally
intended to be satisfied shall be revived and continued in full force and effect
as if such payment had not been made or such set-off had not occurred, and (b)
each Lender severally agrees to pay to the Administrative Agent upon demand its
applicable share of any amount so recovered from or repaid by the Administrative
Agent, plus interest thereon from the date of such demand to the date such
payment is made at a rate per annum equal to the Federal Funds Rate from time to
time in effect.

         10.07 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 the Borrower may not assign or otherwise transfer
any of its rights or obligations hereunder without the prior written consent of
each Lender (and any attempted assignment or transfer by the Borrower without
such consent shall be null and void). Nothing in this Agreement, expressed or
implied, shall be construed to confer upon any Person (other than the parties
hereto, their respective successors and assigns permitted hereby and, to the
extent expressly contemplated hereby, the Indemnitees) any legal or equitable
right, remedy or claim under or by reason of this Agreement.

         (b) Any Lender may assign to one or more Eligible Assignees all or a
portion of its rights and obligations under this Agreement (including all or a
portion of its Commitment and the Loans; provided that (i) except in the case of
an assignment of the entire remaining amount of the assigning Lender's
Commitment and the Loans at the time owing to it or in the case of an

                                       52
<PAGE>   57
assignment to a Lender or an Affiliate of a Lender or an Approved Fund with
respect to a Lender, the aggregate amount of the Commitment (which for this
purpose includes Loans outstanding thereunder) of the assigning Lender subject
to each such assignment, determined as of the date the Assignment and Acceptance
with respect to such assignment is delivered to the Administrative Agent, shall
not be less than $5,000,000 in the case of any assignment of a Commitment unless
each of the Administrative Agent and, so long as no Event of Default has
occurred and is continuing, the Borrower otherwise consents (each such consent
not to be unreasonably withheld or delayed), (ii) each partial assignment shall
be made as an assignment of a proportionate part of all the assigning Lender's
rights and obligations under this Agreement with respect to the Loans or the
Commitment assigned, and (iii) the parties to each assignment shall execute and
deliver to the Administrative Agent an Assignment and Acceptance, together with
a processing and recordation fee of $3,500. Subject to acceptance and recording
thereof by the Administrative Agent pursuant to subsection (c) of this Section,
from and after the effective date specified in each Assignment and Acceptance,
the Eligible Assignee thereunder shall be a party hereto and, to the extent of
the interest assigned by such Assignment and Acceptance, 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
Acceptance, be released from its obligations under this Agreement (and, in the
case of an Assignment and Acceptance 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 3.01,
10.04 and 10.05). Upon request, the Borrower (at its expense) shall execute and
deliver new or replacement Notes to the assigning Lender and the assignee
Lender. Any assignment or transfer by a Lender of rights or obligations under
this Agreement that does not comply with this subsection (b) of this Section
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 subsection (d)
of this Section. Upon its receipt of a duly executed Assignment and Acceptance,
the Administrative Agent shall notify the Borrower and the Lenders of the
effective date thereof.

         (c) The Administrative Agent, acting solely for this purpose as an
agent of the Borrower, shall maintain at the Administrative Agent's Office a
copy of each Assignment and Acceptance delivered to it and a register for the
recordation of the names and addresses of the Lenders, and the Commitments 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.

         (d) Any Lender may, without the consent of, or notice to, the Borrower
or the Administrative Agent, sell participations to one or more banks or other
entities (a "Participant") in all or a portion of such Lender's rights and
obligations under this Agreement (including all or a portion of its Commitment
and the Loans; provided that (i) such Lender's obligations under this Agreement
shall remain unchanged, (ii) such Lender shall remain solely responsible to the
other parties hereto for the performance of such obligations and (iii) the
Borrower, the Administrative Agent and the 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

                                       53
<PAGE>   58
agreement or instrument pursuant to which a Lender sells such a participation
shall provide that such Lender shall retain the sole right to enforce this
Agreement and to approve any amendment, modification or waiver of any provision
of this Agreement; provided that such agreement or instrument may provide that
such Lender will not, without the consent of the Participant, agree to any
amendment, waiver or other modification that would (i) postpone any date upon
which any payment of money is scheduled to be paid to such Participant or (ii)
reduce the principal, interest, fees or other amounts payable to such
Participant. Subject to subsection (e) of this Section, the Borrower agrees that
each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and
3.05 to the same extent as if it were a Lender and had acquired its interest by
assignment pursuant to subsection (b) of this Section. To the extent permitted
by law, each Participant also shall be entitled to the benefits of Section 10.09
as though it were a Lender, provided such Participant agrees to be subject to
Section 2.12 as though it were a Lender.

         (e) A Participant shall not be entitled to receive any greater payment
under this Agreement than the Lenders would have been entitled to receive under
similar circumstances, 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 3.01 unless the Borrower is notified of the participation sold to such
Participant and such Participant agrees, for the benefit of the Borrower, to
comply with Sections 3.08 and 10.15 as though it were a Lender.

         (f) 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
Notes, if any) to secure obligations of such Lender, including any pledge or
assignment to secure obligations to a Federal Reserve Bank; provided that no
such pledge or assignment shall release a Lender from any of its obligations
hereunder or substitute any such pledgee or assignee for such Lender as a party
hereto.

         (g) If the consent of the Borrower to an assignment or to an Eligible
Assignee is required hereunder (including a consent to an assignment which does
not meet the minimum assignment threshold specified in clause (i) of the proviso
to the first sentence of Section 10.07(b)), the Borrower shall be deemed to have
given its consent ten Business Days after the date notice thereof has been
delivered by the assigning Lender (through the Administrative Agent) unless such
consent is expressly refused by the Borrower prior to such tenth Business Day.

         (h) As used herein, the following terms have the following meanings:

                  "Eligible Assignee" means (a) a Lender; (b) an Affiliate of a
         Lender; (c) an Approved Fund; and (d) any other Person (other than a
         natural Person) approved by the Administrative Agent, and, unless (x)
         such Person is taking delivery of an assignment in connection with
         physical settlement of a credit derivatives transaction or (y) an Event
         of Default has occurred and is continuing, the Borrower (each such
         approval not to be unreasonably withheld or delayed).

                                       54
<PAGE>   59
                  "Fund" means any Person (other than a natural Person) that is
         (or will be) engaged in making, purchasing, holding or otherwise
         investing in commercial loans and similar extensions of credit in the
         ordinary course of its business.

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

         10.08 CONFIDENTIALITY. Each of the Administrative Agent and the Lenders
agrees to maintain the confidentiality of the Information (as defined below),
except that Information may be disclosed (a) to its and its Affiliates'
directors, officers, employees and agents, including accountants, legal counsel
and other advisors (it being understood that the Persons to whom such disclosure
is made will be informed of the confidential nature of such Information and
instructed to keep such Information confidential); (b) to the extent requested
by any regulatory authority; (c) to the extent required by applicable laws or
regulations or by any subpoena or similar legal process; (d) to any other party
to this Agreement; (e) as is required in the good faith view of the
Administrative Agent or the Lenders, in connection with the exercise of any
remedies hereunder or any suit, action or proceeding relating to this Agreement
or the enforcement of rights hereunder; (f) subject to an agreement containing
provisions substantially the same as those of this Section, to (i) any Eligible
Assignee of or Participant in, or any prospective Eligible Assignee of or
Participant in, any of its rights or obligations under this Agreement or (ii)
any direct or indirect contractual counterparty or prospective counterparty (or
such contractual counterparty's or prospective counterparty's professional
advisor) to any credit derivative transaction relating to obligations of the
Borrower; (g) with the consent of the Borrower; (h) to the extent such
Information (i) becomes publicly available other than as a result of a breach of
this Section or (ii) becomes available to the Administrative Agent or any Lender
on a nonconfidential basis from a source other than the Borrower; or (i) to the
National Association of Insurance Commissioners or any other similar
organization or any nationally recognized rating agency that requires access to
information about a Lender's or its Affiliates' investment portfolio in
connection with ratings issued with respect to such Lender or its Affiliates.
For the purposes of this Section, "Information" means all information received
from the Borrower relating to the Borrower or its business, other than any such
information that is available to the Administrative Agent or any Lender on a
nonconfidential basis prior to disclosure by the Borrower; provided that, in the
case of information received from the Borrower after the date hereof, such
information is clearly identified in writing at the time of delivery as
confidential. Any Person required to maintain the confidentiality of Information
as provided in this Section shall be considered to have complied with its
obligation to do so if such Person has exercised the same degree of care to
maintain the confidentiality of such Information as such Person would accord to
its own confidential information.

         10.09 SET-OFF. In addition to any rights and remedies of the Lenders
provided by law, upon the occurrence and during the continuance of any Event of
Default, each Lender is authorized at any time and from time to time, without
prior notice to the Borrower, any such notice being waived by the Borrower to
the fullest extent permitted by law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final, but excluding payroll
deposits and deposits held in a bona fide custodial or fiduciary capacity for
Persons not Affiliates of the Borrower) at any time held by, and other
indebtedness at any time owing by,

                                       55
<PAGE>   60
such Lender to or for the credit or the account of the Borrower against any and
all Obligations owing to such Lender, now or hereafter existing, irrespective of
whether or not the Administrative Agent or such Lender shall have made demand
under this Agreement or any other Loan Document and although such Obligations
may be contingent or unmatured. Each Lender agrees promptly to notify the
Borrower and the Administrative Agent after any such set-off and application
made by such Lender; provided, however, that the failure to give such notice
shall not affect the validity of such set-off and application.

         10.10 INTEREST RATE LIMITATION. Notwithstanding anything to the
contrary contained in any Loan Document, the interest paid or agreed to be paid
under the Loan Documents shall not exceed the maximum rate of non-usurious
interest permitted by applicable Law (the "Maximum Rate"). If the Administrative
Agent or any Lender shall receive interest in an amount that exceeds the Maximum
Rate, the excess interest shall be applied to the principal of the Loans or, if
it exceeds such unpaid principal, refunded to the Borrower. In determining
whether the interest contracted for, charged, or received by the Administrative
Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent
permitted by applicable Law, (a) characterize any payment that is not principal
as an expense, fee, or premium rather than interest, (b) exclude voluntary
prepayments and the effects thereof, and (c) amortize, prorate, allocate, and
spread in equal or unequal parts the total amount of interest throughout the
contemplated term of the Obligations.

         10.11 COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

         10.12 INTEGRATION. This Agreement, together with the other Loan
Documents, comprises the complete and integrated agreement of the parties on the
subject matter hereof and thereof and supersedes all prior agreements, written
or oral, on such subject matter. 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.

         10.13 SURVIVAL OF REPRESENTATIONS AND WARRANTIES. All representations
and warranties made hereunder and in any other Loan Document or other document
delivered pursuant hereto or thereto or in connection herewith or therewith
shall survive the execution and delivery hereof and thereof. Such
representations and warranties have been or will be relied upon by the
Administrative Agent and each Lender, regardless of any investigation made by
the Administrative Agent or any Lender or on their behalf and notwithstanding
that the Administrative Agent or any Lender may have had notice or knowledge of
any Default or Event of Default at the time of any Credit Extension, and shall
continue in full force and effect as long as any Loan or any other Obligation
shall remain unpaid or unsatisfied.

         10.14 SEVERABILITY. Any provision of this Agreement and the other Loan
Documents to which the Borrower is a party that is prohibited or unenforceable
in any jurisdiction shall, as to

                                       56
<PAGE>   61
such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions thereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction.

         10.15 FOREIGN LENDERS. Each Lender that is a "foreign corporation,
partnership or trust" within the meaning of the Code (a "Foreign Lender") shall
deliver to the Administrative Agent, prior to receipt of any payment subject to
withholding under the Code (or after accepting an assignment of an interest
herein), two duly signed completed copies of either IRS Form W-8BEN or any
successor thereto (relating to such Person and entitling it to an exemption from
withholding tax on all payments to be made to such Person by the Borrower
pursuant to this Agreement) or IRS Form W-8ECI or any successor thereto
(relating to all payments to be made to such Person by the Borrower pursuant to
this Agreement) or such other evidence satisfactory to the Borrower and the
Administrative Agent that such Person is entitled to an exemption from U.S.
withholding tax. Thereafter and from time to time, each such Person shall (a)
promptly submit to the Administrative Agent and, at its request, the Borrower,
such additional duly completed and signed copies of one of such forms (or such
successor forms as shall be adopted from time to time by the relevant United
States taxing authorities) as may then be available under then current United
States laws and regulations to avoid, or such evidence as is satisfactory to the
Borrower and the Administrative Agent of any available exemption from United
States withholding taxes in respect of all payments to be made to such Person by
the Borrower pursuant to this Agreement, (b) promptly notify the Administrative
Agent and the Borrower of any change in circumstances which would modify or
render invalid any claimed exemption, and (c) take such steps as shall not be
materially disadvantageous to it, in the reasonable judgment of such Lender, and
as may be reasonably necessary (including the re-designation of its Lending
Office) to avoid any requirement of applicable Laws that the Borrower make any
deduction or withholding for taxes from amounts payable to such Person. If such
Person fails to deliver the above forms or other documentation, then the
Administrative Agent may withhold from any interest payment to such Person an
amount equivalent to the applicable withholding tax imposed by Sections 1441 and
1442 of the Code, without reduction. If any Governmental Authority asserts that
the Administrative Agent did not properly withhold any tax or other amount from
payments made in respect of such Person, such Person shall indemnify the
Administrative Agent therefor, including all penalties and interest, any taxes
imposed by any jurisdiction on the amounts payable to the Agent under this
Section, and costs and expenses (including Attorney Costs) of the Administrative
Agent. The obligation of the Lenders under this Section shall survive the
payment of all Obligations and the resignation or replacement of the
Administrative Agent.

         10.16 REMOVAL AND REPLACEMENT OF LENDERS.

         (a) Under any circumstances set forth herein providing that the
Borrower shall have the right to remove or replace a Lender as a party to this
Agreement, the Borrower may, upon notice to such Lender and the Administrative
Agent, (i) remove such Lender by terminating such Lender's Commitment or (ii)
replace such Lender by causing such Lender to assign its Commitment (without
payment of any assignment fee) pursuant to Section 10.07(b) to one or more other
Lenders or Eligible Assignees procured by the Borrower; provided, however, that
if the Borrower elects to exercise such right with respect to any Lender
pursuant to Section 3.06(b),

                                       57
<PAGE>   62
it shall be obligated to remove or replace, as the case may be, all Lenders that
have made similar requests for compensation pursuant to Section 3.01 or 3.04.
The Borrower shall (x) pay in full all principal, interest, fees and other
amounts owing to such Lender through the date of termination or assignment
(including any amounts payable pursuant to Section 3.05), and (y) release such
Lender from its obligations under the Loan Documents. Any Lender being replaced
shall execute and deliver an Assignment and Acceptance with respect to such
Lender's Commitment and outstanding Credit Extensions. The Administrative Agent
shall distribute an amended Schedule 2.01, which shall be deemed incorporated
into this Agreement, to reflect changes in the identities of the Lenders and
adjustments of their respective Commitments and Pro Rata Shares resulting from
any such removal or replacement.

         (b) In order to make all the Lenders' interests in any outstanding
Credit Extensions ratable in accordance with any revised Pro Rata Shares after
giving effect to the removal or replacement of a Lender, the Borrower shall pay
or prepay, if necessary, on the effective date thereof, all outstanding Loans of
all Lenders, together with any amounts due under Section 3.05. The Borrower may
then request Loans from the Lenders in accordance with their revised Pro Rata
Shares. The Borrower may net any payments required hereunder against any funds
being provided by any Lender or Eligible Assignee replacing a terminating
Lender. The effect for purposes of this Agreement shall be the same as if
separate transfers of funds had been made with respect thereto.

         (c) This Section shall supersede any provision in Section 10.01 to the
contrary.

         10.17 GOVERNING LAW.

         (a) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE
PERFORMED ENTIRELY WITHIN SUCH STATE; PROVIDED THAT THE ADMINISTRATIVE AGENT AND
EACH LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW.

         (b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR
ANY OTHER LOAN DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK
SITTING IN THE BOROUGH OF MANHATTAN, CITY OF NEW YORK, OR OF THE UNITED STATES
FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS
AGREEMENT, THE BORROWER, THE ADMINISTRATIVE AGENT AND EACH LENDER CONSENTS, FOR
ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF
THOSE COURTS. THE BORROWER, THE ADMINISTRATIVE AGENT AND EACH LENDER IRREVOCABLY
WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON
THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE
BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN
DOCUMENT OR OTHER DOCUMENT RELATED THERETO. THE BORROWER, THE ADMINISTRATIVE
AGENT AND EACH LENDER WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER
PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY THE

                                       58
<PAGE>   63
LAW OF SUCH STATE (WHICH IF NOT MADE BY PERSONAL SERVICE SHALL ALSO BE COPIED TO
THE BORROWER AT ITS ADDRESS SET FORTH IN SCHEDULE 10.02.

         10.18 WAIVER OF RIGHT TO TRIAL BY JURY. EACH PARTY TO THIS AGREEMENT
HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION
OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH
OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM
WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH
CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT
OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH
CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT
A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR
A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE
SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

         10.19 ENTIRE AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS
REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY
EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE
PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

                                       59
<PAGE>   64
         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed as of the date first above written.

                                            HARRIS CORPORATION, as Borrower*

                                            By: /s/ P. W. Farmer
                                                ------------------------------
                                            Name: Phillip W. Farmer
                                                  ----------------------------
                                            Title: Chairman, President and
                                                   Chief Executive Officer
                                                   ---------------------------

                                            By: /s/ D. S. Wasserman
                                                ------------------------------
                                            Name: David S. Wasserman
                                                  ----------------------------
                                            Title: Vice President-Treasurer
                                                   ---------------------------

* The signatures of two authorized officers are required

                                       60
<PAGE>   65
                                   SUNTRUST BANK, as Administrative Agent and
                                   a Lender

                                   By: /s/ William C. Barr, III
                                       -------------------------------------
                                   Name: William C. Barr, III
                                         -----------------------------------
                                   Title: Vice President
                                          ----------------------------------

                                       61
<PAGE>   66
                                 BANK OF AMERICA, N.A., as Syndication
                                 Agent and a Lender

                                 By: /s/ Douglas T. Meckelnburg
                                     ---------------------------------------
                                 Name: Douglas T. Meckelnburg
                                       -------------------------------------
                                 Title: Vice President
                                        ------------------------------------

                                       62
<PAGE>   67
                                 CITIBANK, N.A., as a Lender

                                 By: /s/ Marjorie Futornick
                                     ----------------------------------------
                                 Name: Marjorie Futornick
                                       --------------------------------------
                                 Title: Vice President
                                        -------------------------------------

                                       63
<PAGE>   68
                                 FIRST UNION NATIONAL BANK, as a Lender

                                 By: /s/ Robert Sevin
                                     ---------------------------------------
                                 Name: Robert Sevin
                                       -------------------------------------
                                 Title: Director
                                        ------------------------------------

                                       64
<PAGE>   69
                                 FLEET NATIONAL BANK, as a Lender

                                 By: /s/ William S. Rowe
                                     ---------------------------------------
                                 Name: William S. Rowe
                                       -------------------------------------
                                 Title: Vice President
                                        ------------------------------------

                                       65
<PAGE>   70
                                 INTESABCI, NEW YORK BRANCH,
                                 as a Lender

                                 By: /s/ John Michalisin
                                     ----------------------------------------
                                 Name: John Michalisin
                                       --------------------------------------
                                 Title: First Vice President
                                        -------------------------------------

                                 By: /s/ Frank Maffei
                                     ----------------------------------------
                                 Name: Frank Maffei
                                       --------------------------------------
                                 Title: Vice President
                                        -------------------------------------

                                       66
<PAGE>   71
                                 NATIONAL CITY BANK, as a Lender

                                 By: /s/ Glenn E. Nord
                                     ---------------------------------------
                                 Name: Glenn E. Nord
                                       -------------------------------------
                                 Title: Vice President
                                        ------------------------------------

                                       67
<PAGE>   72
                                 THE BANK OF NEW YORK, as a Lender

                                 By: /s/ David C. Siegel
                                     ---------------------------------------
                                 Name: David C. Siegel
                                       -------------------------------------
                                 Title: Vice President
                                        ------------------------------------

                                       68
<PAGE>   73
                                 WACHOVIA BANK, N.A., as a Lender

                                 By: /s/ Karin E. Reel
                                     ---------------------------------------
                                 Name: Karin E. Reel
                                       -------------------------------------
                                 Title: Vice President
                                        ------------------------------------

                                       69
<PAGE>   74
                                                                       EXHIBIT A

                               FORM OF LOAN NOTICE

                                                        DATE: ___________, _____

To:      SunTrust Bank, as Administrative Agent

Ladies and Gentlemen:

         Reference is made to that certain Credit Agreement, dated as of May 10,
2001 (as amended, restated, extended, supplemented or otherwise modified in
writing from time to time, the "Agreement;" the terms defined therein being used
herein as therein defined), among Harris Corporation, a Delaware corporation
(the "Borrower"), the Lenders from time to time party thereto and SunTrust Bank,
as Administrative Agent.

         The undersigned hereby requests (select one):

         [ ] A Borrowing of Loans    [ ] A conversion or continuation of Loans

         1.       On _____________________ (a Business Day).

         2.       In the principal amount of $___________________.

                  Comprised of ____________________________.
                                    [TYPE OF LOAN REQUESTED]

         4.       For Eurodollar Rate Loans:  with an Interest Period
                  of _______ months.

         5.       The Borrower requests that the proceeds of the Borrowing
                  requested hereby be wire transferred to the accounts of the
                  following Persons at the financial institutions indicated
                  below:

   -------------------------------------------------------------------------
     AMOUNT                NAME                 ACCOUNT             ADDRESS
   ----------           ----------            ----------          ----------

   -------------------------------------------------------------------------

         The Borrowing requested herein complies with the proviso to the first
sentence of Section 2.01 of the Agreement. Other than in connection with a
conversion or continuation of Loans, the undersigned hereby certifies that the
following statements are and will be true and correct on the date of the Credit
Extension requested above, both before and after giving effect to the Credit
Extension requested above:

         (a) The representations and warranties made by the Borrower in the
Agreement, or which are contained in any certificate, document or financial or
other statement furnished at any time under or in connection therewith, are and
will be true and correct in all material respects on

                                      A-1
<PAGE>   75
and as of the date of the Credit Extension requested above, except to the extent
that such representations and warranties specifically refer to any earlier date;
and

         (b) no Default or Event of Default has occurred and is continuing on
the date hereof or after giving effect to the Credit Extension requested above.

                                             HARRIS CORPORATION, as Borrower

                                             By:_______________________________

                                             Name:_____________________________

                                             Title:____________________________

                                      A-2
<PAGE>   76
                                                                       EXHIBIT B

                                  FORM OF NOTE

                                                                    May 10, 2001

         FOR VALUE RECEIVED, the undersigned (the "Borrower"), hereby promises
to pay to the order of _____________________________ (the "Lender"), on the
Maturity Date (as defined in the Credit Agreement referred to below) the
principal amount of __________________Dollars ($____________), or such lesser
principal amount of Loans (as defined in such Credit Agreement) due and payable
by the Borrower to the Lender on the Maturity Date under that certain Credit
Agreement dated as of May 10, 2001 (as amended, restated, extended, supplemented
or otherwise modified in writing from time to time, the "Agreement;" the terms
defined therein being used herein as therein defined), among the Borrower, the
Lenders from time to time party thereto and SunTrust Bank, as Administrative
Agent.

         The Borrower promises to pay interest on the unpaid principal amount of
each Loan from the date of such Loan until such principal amount is paid in
full, at such interest rates, and at such times as are specified in the
Agreement. All payments of principal and interest shall be made to the
Administrative Agent for the account of the Lender in Dollars in immediately
available funds at the Administrative Agent's Office. If any amount is not paid
in full when due hereunder, such unpaid amount shall bear interest, to be paid
upon demand, from the due date thereof until the date of actual payment (and
before as well as after judgment) computed at the per annum rate set forth in
the Agreement.

         This Note is one of the Notes referred to in the Agreement, is entitled
to the benefits thereof and is subject to optional and mandatory prepayment in
whole or in part as provided therein. Upon the occurrence of one or more of the
Events of Default specified in the Agreement, all amounts then remaining unpaid
on this Note shall become, or may be declared to be, immediately due and payable
all as provided in the Agreement. Loans made by the Lender shall be evidenced by
one or more loan accounts or records maintained by the Lender in the ordinary
course of business. The Lender may also attach schedules to this Note and
endorse thereon the date, amount and maturity of its Loans and payments with
respect thereto.

         The Borrower, for itself, its successors and assigns, hereby waives
diligence, presentment, protest and demand and notice of protest, demand,
dishonor and non-payment of this Note.

         THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK.

                                          HARRIS CORPORATION, as Borrower

                                          By:_________________________________

                                          Name:_______________________________

                                          Title:______________________________

                                      B-1
<PAGE>   77
                     LOANS AND PAYMENTS WITH RESPECT THERETO

<TABLE>
<CAPTION>
                                                                         AMOUNT OF
                                                          END OF        PRINCIPAL OR       OUTSTANDING
              TYPE OF LOAN    INTEREST     AMOUNT OF     INTEREST      INTEREST PAID        PRINCIPAL        NOTATION
    DATE          MADE          RATE       LOAN MADE      PERIOD         THIS DATE      BALANCE THIS DATE    MADE BY

---------------------------------------------------------------------------------------------------------------------
<S>           <C>             <C>          <C>            <C>          <C>              <C>                  <C>
    ----          ----          ----       ---------      ------         ---------      -----------------    -------

    ----          ----          ----       ---------      ------         ---------      -----------------    -------

    ----          ----          ----       ---------      ------         ---------      -----------------    -------

    ----          ----          ----       ---------      ------         ---------      -----------------    -------

    ----          ----          ----       ---------      ------         ---------      -----------------    -------

    ----          ----          ----       ---------      ------         ---------      -----------------    -------

    ----          ----          ----       ---------      ------         ---------      -----------------    -------

    ----          ----          ----       ---------      ------         ---------      -----------------    -------

    ----          ----          ----       ---------      ------         ---------      -----------------    -------

    ----          ----          ----       ---------      ------         ---------      -----------------    -------

    ----          ----          ----       ---------      ------         ---------      -----------------    -------

    ----          ----          ----       ---------      ------         ---------      -----------------    -------

</TABLE>

                                      B-2
<PAGE>   78
                                                                       EXHIBIT C

                         FORM OF COMPLIANCE CERTIFICATE

                                   Financial Statement Date: _____________, ____

To:      SunTrust Bank, as Administrative Agent

Ladies and Gentlemen:

         Reference is made to that certain Credit Agreement, dated as of May 10,
2001 (as amended, restated, extended, supplemented or otherwise modified in
writing from time to time, the "Agreement;" the terms defined therein being used
herein as therein defined), among Harris Corporation, a Delaware corporation
(the "Borrower"), the Lenders from time to time party thereto and SunTrust Bank,
as Administrative Agent. This Compliance Certificate is delivered pursuant to
Section 6.04 of the Agreement.

         The undersigned Responsible Officer hereby certifies on behalf of the
Borrower as of the date hereof that he/she is the
________________________________________________ of the Borrower, and that, as
such, he/she is authorized to execute and deliver this Certificate to the
Administrative Agent on the behalf of the Borrower, and that:

                  [Use following for fiscal YEAR-END financial statements]

         1. Attached hereto as Schedule 1 are the year-end audited financial
statements required by Section 6.01(a) of the Agreement for the fiscal year of
the Borrower ended as of the above date, together with the report and opinion of
an independent certified public accountant required by such section.

                  [Use following for fiscal QUARTER-END financial statements]

         1. Attached hereto as Schedule 1 are the unaudited financial statements
required by Section 6.01(b) of the Agreement for the fiscal quarter of the
Borrower ended as of the above date. Such financial statements fairly present
the financial condition, results of operations and cash flows of the Borrower
and its Subsidiaries in accordance with GAAP as at such date and for such
period, subject only to normal year-end audit adjustments and the absence of
footnotes.

         2. The undersigned has reviewed and is familiar with the terms of the
Agreement and has made, or has caused to be made under his/her supervision, a
detailed review of the transactions and condition (financial or otherwise) of
the Borrower during the accounting period covered by the attached financial
statements.

         3. A review of the activities of the Borrower during such fiscal period
has been made under the supervision of the undersigned with a view to
determining whether during such fiscal period the Borrower performed and
observed all its covenants and other agreements under the Loan Documents, and

                                      C-1
<PAGE>   79
                                  [SELECT ONE:]

         [TO THE BEST KNOWLEDGE OF THE UNDERSIGNED DURING SUCH FISCAL PERIOD,
THE BORROWER HAS IN ALL MATERIAL RESPECTS PERFORMED AND OBSERVED EACH COVENANT
AND CONDITION OF THE LOAN DOCUMENTS APPLICABLE TO IT.]

                                     --or --

         [THE FOLLOWING COVENANTS OR CONDITIONS HAVE NOT BEEN PERFORMED OR
OBSERVED AND THE FOLLOWING IS A LIST OF EACH SUCH DEFAULT OR EVENT OF DEFAULT
AND ITS NATURE AND STATUS:]

         4. The financial covenant analyses and information set forth on
Schedule 2 attached hereto are true and accurate on and as of the date of this
Certificate.

         IN WITNESS WHEREOF, the undersigned has executed this Certificate as of
_________________, _______.

                                           HARRIS CORPORATION

                                           By:_________________________________

                                           Name:_______________________________

                                           Title:______________________________

                                      C-2
<PAGE>   80
         For the Quarter/Year ended ___________________("Statement Date")

                                   SCHEDULE 2

                          to the Compliance Certificate
           ($ amounts set forth in the right-hand column are in 000's)

<TABLE>
<S>                                                                                    <C>
I.       SECTION 7.06(A) - CONSOLIDATED TANGIBLE NET WORTH.

         A.       Actual Consolidated Tangible Net Worth at Statement Date:

                  1.       Total consolidated assets of the Borrower and its
                           Subsidiaries as of the last day of the fiscal quarter
                           ending on or before the Statement Date, as determined
                           in accordance with GAAP:                                    $_________________________

                  2.       The assets that are required to be disclosed as
                           intangible assets in accordance with GAAP on the
                           balance sheet of the Borrower and its Subsidiaries
                           determined on a consolidated basis at the Statement
                           Date, including customer lists, goodwill, computer
                           software, copyrights, trade names, trademarks,
                           patents, unamortized deferred charges, unamortized
                           debt discount and capitalized research and
                           development costs:                                          $_________________________

                  3.       Consolidated Total Liabilities:

                           a.       Total consolidated liabilities of the
                                    Borrower and its Subsidiaries as of the last
                                    day of the fiscal quarter ending on or
                                    before the Statement Date, as determined in
                                    accordance with GAAP:                              $_________________________

                           b.       The capitalized amount of remaining lease
                                    payments under any Synthetic Lease
                                    Obligation of the Borrower and its
                                    Subsidiaries that would appear on a balance
                                    sheet of such Persons prepared as of the
                                    Statement Date in accordance with GAAP if
                                    such lease were accounted for as a capital
                                    lease determined on a consolidated basis:         $__________________________

                           c.       Sum of Lines I.A.3.a and I.A.3.b:                 $__________________________

                  4.       Actual Consolidated Tangible Net Worth (Line I.A.1 -
                           (Lines I.A.2 + I.A.3.c)):                                  $__________________________
</TABLE>

                                      C-3
<PAGE>   81
<TABLE>
<S>                                                                                   <C>
         B.       $700,000,000

         C.       Net income of the Borrower and its Subsidiaries from
                  continuing operations before extraordinary items and excluding
                  gains or losses in excess of $10,000,000 per annum from
                  dispositions of machinery and equipment (other than inventory)
                  out of the ordinary course of business earned in each fiscal
                  quarter ending after March 31, 2001 (with no deduction for a
                  net loss in any such fiscal quarter) determined on a
                  consolidated basis:                                                 $__________________________

         D.       50% of Line I.C:                                                    $__________________________

         E.       Amount equal to 100% of the aggregate increases in
                  Shareholders' Equity after the Closing Date by reason of the
                  issuance and sale of capital stock of the Borrower (including
                  upon any conversion of debt securities of the Borrower into
                  such capital stock):                                                $__________________________

         F.       Minimum required Consolidated Tangible Net Worth at the
                  Statement Date (Lines I.B + I.D + I.E):                             $__________________________

         G.       Excess (deficiency) for covenant compliance (Line I.A.4 -
                  I.F):                                                               $__________________________

II. SECTION 7.06(B) - CONSOLIDATED TOTAL INDEBTEDNESS TO CONSOLIDATED EBITDA.

         A.       Consolidated Total Indebtedness at the Statement Date:

                  1.       All amounts which would, in accordance with GAAP, be
                           included as indebtedness on a consolidated balance
                           sheet of the Borrower and its Subsidiaries as of the
                           Statement Date:                                            $__________________________

                  2.       Line I.A.3.b:                                              $__________________________

                  3.       Sum of Lines II.A.1 and II.A.2:                            $__________________________

         B.       Consolidated EBITDA measured on a rolling four quarter basis
                  for the four fiscal quarters ended on or before the Statement
                  Date (the "Subject Period"):
</TABLE>

                                      C-4
<PAGE>   82
<TABLE>
<S>                                                                                   <C>
                  1.       The net income of the Borrower and its Subsidiaries
                           during the Subject Period (measured on a consolidated
                           basis) from continuing operations before
                           extraordinary items and excluding gains or losses in
                           excess of $10,000,000 per annum from dispositions of
                           machinery and equipment (other than inventory) out of
                           the ordinary course of business:                           $__________________________

                  2.       All interest, premium payments, fees, charges and
                           related expenses of the Borrower and its Subsidiaries
                           for the Subject Period (measured on a consolidated
                           basis) paid, incurred or taken in connection with
                           borrowed money (including capitalized interest) or in
                           connection with the deferred purchase price of
                           assets, in each case only to the extent treated as
                           interest in accordance with GAAP:                          $__________________________

                  3.       The portion of rent expense of the Borrower and its
                           Subsidiaries (measured on a consolidated basis) for
                           the Subject Period under capital leases that is
                           treated as interest in accordance with GAAP:               $__________________________

                  4.       The amount of taxes, based on or measured by income,
                           used or included in the determination of the amount
                           of Line II.B.1:                                            $__________________________

                  5.       The amount of depreciation and amortization expense,
                           and other non-cash additions or deductions used or
                           included in determining the amount of Line II.B.1,
                           including purchased in-process research and
                           development, goodwill, other non-cash restructuring
                           charges and other non-cash additions or deductions
                           recognized pursuant to FAS 115 or FAS 121:                 $__________________________

         C.       Consolidated EBITDA for the Subject Period (Lines II.B.1 +
                  II.B.2 + II.B.3 + II.B.4 + II.B.5):                                 $__________________________

         D.       Actual ratio of Consolidated Total Indebtedness to
                  Consolidated EBITDA for the Subject Period (Line II.A.3 to
                  Line II.B.6):                                                                 ____ to 1
</TABLE>

                                      C-5
<PAGE>   83
<TABLE>
<S>                                                                                   <C>
         E.       Minimum permitted ratio of Consolidated Total Indebtedness to
                  Consolidated EBITDA:                                                          3.00 to 1

III. SECTION 7.06(C) - CONSOLIDATED TOTAL INDEBTEDNESS

         A.       Actual Consolidated Total Indebtedness as of last day of the
                  fiscal quarter ending on or before the Statement Date (Line
                  II.A.3):                                                            $__________________________

         B.       Maximum Consolidated Total Indebtedness permitted:                             $800,000.

         C.       Excess (deficiency) for covenant compliance (Line III.A - Line
                  III.B)                                                              $__________________________

IV. SECTION 7.01(Q) - LIENS OTHER THAN PERMITTED LIENS

         A.       The aggregate amount of Debt and other indebtedness secured by
                  any Liens permitted under Section 7.01(q) of the Agreement:         $__________________________

         B.       The aggregate monetary obligations in respect of transactions
                  permitted pursuant to the proviso of Section 7.03 of the
                  Agreement:                                                          $__________________________

         C.       The applicable amount of all Securitizations of the Borrower
                  and its Subsidiaries:                                               $__________________________

         D.       Sum of Lines IV.A, IV.B, and IV.C:                                  $__________________________

         E.       Total Capitalization:

                  1.       The aggregate amount of all Debt of the Borrower and
                           its Subsidiaries at the Statement Date determined on
                           a consolidated basis:                                      $__________________________

                  2.       The consolidated total assets of the Borrower and its
                           Subsidiaries determined in accordance with GAAP:           $__________________________

                  3.       The consolidated total liabilities of the Borrower
                           and its Subsidiaries determined in accordance with
                           GAAP:                                                      $__________________________

                  4.       Total Capitalization (Line IV.E.1 + Line IV.E.2 -
                           Line IV.E.3):                                              $__________________________

         F.       25% of Total Capitalization (25% of Line IV.E.4):                   $__________________________
</TABLE>

                                      C-6
<PAGE>   84
<TABLE>
<S>                                                                                   <C>
         G.       Excess (deficiency) (Line IV.D - Line IV.F):                        $__________________________

V. SECTION 7.03 - SALE AND LEASEBACK.

         A.       The aggregate monetary obligations in respect of all
                  transactions subject to Section 7.03 of the Agreement,
                  including the proposed sale-leaseback transaction:                  $__________________________

         B.       The aggregate amount of Debt secured by any Liens permitted by
                  Section 7.01(q) of the Agreement:                                   $__________________________

         C.       The applicable amount of all Securitizations of the Borrower
                  and all of its Subsidiaries (Line IV.C):                            $__________________________

         D.       Sum of Lines V.A, V.B, and V.C:                                     $__________________________

         E.       25% of Total Capitalization (Line IV.F):                            $__________________________

         F.       Excess (deficiency) (Line V.D - Line V.E)                           $__________________________
</TABLE>

                                      C-7
<PAGE>   85
                                                                       EXHIBIT D

                        FORM OF ASSIGNMENT AND ACCEPTANCE

         Reference is made to that certain Credit Agreement, dated as of May 10,
2001 (as amended, restated, extended, supplemented or otherwise modified in
writing from time to time, the "Agreement;" the terms defined therein being used
herein as therein defined), among Harris Corporation, a Delaware corporation
(the "Borrower"), the Lenders from time to time party thereto and SunTrust Bank,
as Administrative Agent.

         The assignor identified on the signature page hereto (the "Assignor")
and the assignee identified on the signature page hereto (the "Assignee") agree
as follows:

         1. (a) Subject to paragraph 11, effective as of the date specified on
Schedule 1 hereto (the "Effective Date"), the Assignor hereby irrevocably sells
and assigns to the Assignee without recourse to the Assignor, and the Assignee
hereby irrevocably purchases and assumes from the Assignor without recourse to
the Assignor, the interest described on Schedule 1 hereto (the "Assigned
Interest") in and to the Assignor's rights and obligations under the Agreement.

         (b) From and after the Effective Date, (i) the Assignee shall be a
party under the Agreement and will have all the rights and obligations of a
Lender for all purposes under the Loan Documents to the extent of the Assigned
Interest and be bound by the provisions thereof, and (ii) the Assignor shall
relinquish its rights and be released from its obligations under the Agreement
to the extent of the Assigned Interest. The Assignor or the Assignee, as agreed
by the Assignor and the Assignee, shall deliver, in immediately available funds,
any applicable assignment fee required under Section 10.07(b) of the Agreement.

         2. On the Effective Date, the Assignee shall pay to the Assignor, in
immediately available funds, an amount equal to the purchase price of the
Assigned Interest as agreed by the Assignor and the Assignee.

         3. From and after the Effective Date, the Administrative Agent shall
make all payments under the Agreement and the Notes, if any, in respect of the
Assigned Interest (including all payments of principal, interest and fees with
respect thereto) to the Assignee. The Assignor and the Assignee shall make all
appropriate adjustments in payments under the Agreement and such Notes, if any,
for periods prior to the Effective Date directly between themselves.

         4. The Assignor represents and warrants to the Assignee that:

                  (a) The Assignor is the legal and beneficial owner of the
         Assigned Interest, and the Assigned Interest is free and clear of any
         adverse claim;

                  (b) the Assigned Interest listed on Schedule 1 accurately and
         completely sets forth the Outstanding Amount of all Loans relating to
         the Assigned Interest as of the Effective Date;

                                      D-1
<PAGE>   86
                  (c) it has the power and authority and the legal right to
         make, deliver and perform, and has taken all necessary action, to
         authorize the execution, delivery and performance of this Assignment
         and Acceptance, and any and all other documents delivered by it in
         connection herewith and to fulfill its obligations under, and to
         consummate the transactions contemplated by, this Assignment and
         Acceptance and the Loan Documents, and no consent or authorization of,
         filing with, or other act by or in respect of any Governmental
         Authority, is required in connection in connection herewith or
         therewith; and

                  (d) this Assignment and Acceptance constitutes the legal,
         valid and binding obligation of the Assignor.

         The Assignor makes no representation or warranty and assumes no
responsibility with respect to the financial condition of the Borrower or any of
its Affiliates or the performance by the Borrower or any of its Affiliates of
their respective obligations under the Loan Documents, and assumes no
responsibility with respect to any statements, warranties or representations
made under or in connection with any Loan Document or the execution, legality,
validity, enforceability, genuineness, sufficiency or value of any Loan Document
other than as expressly set forth above.

         5. The Assignee represents and warrants to the Assignor and the
Administrative Agent that:

                  (a) it is an Eligible Assignee;

                  (b) it has the full power and authority and the legal right to
         make, deliver and perform, and has taken all necessary action, to
         authorize the execution, delivery and performance of this Assignment
         and Acceptance, and any and all other documents delivered by it in
         connection herewith and to fulfill its obligations under, and to
         consummate the transactions contemplated by, this Assignment and
         Acceptance and the Loan Documents, and no consent or authorization of,
         filing with, or other act by or in respect of any Governmental
         Authority, is required in connection in connection herewith or
         therewith;

                  (c) this Assignment and Acceptance constitutes the legal,
         valid and binding obligation of the Assignee;

                  (d) under applicable Laws no tax will be required to be
         withheld by the Administrative Agent or the Borrower with respect to
         any payments to be made to the Assignee hereunder or under any Loan
         Document, and unless otherwise indicated in the space opposite the
         Assignee's signature below, no tax forms described in Section 10.15 of
         the Agreement are required to be delivered by the Assignee; and

                  (e) the Assignee has received a copy of the Agreement,
         together with copies of the most recent financial statements of the
         Borrower delivered pursuant thereto, and such other documents and
         information as it has deemed appropriate to make its own credit
         analysis and decision to enter into this Assignment and Acceptance. The
         Assignee has independently and without reliance upon the Assignor or
         the Administrative Agent

                                      D-2
<PAGE>   87
         and based on such information as the Assignee has deemed appropriate,
         made its own credit analysis and decision to enter into this Assignment
         and Acceptance. The Assignee will, independently and without reliance
         upon the Administrative Agent or any Lender, and based upon such
         documents and information as it shall deem appropriate at the time,
         continue to make its own credit decisions in taking or not taking
         action under the Agreement.

         6. The Assignee appoints and authorizes the Administrative Agent to
take such action as agent on its behalf and to exercise such powers and
discretion under the Agreement, the other Loan Documents or any other instrument
or document furnished pursuant hereto or thereto as are delegated to the
Administrative Agent by the terms thereof, together with such powers as are
incidental thereto.

         7. If either the Assignee or the Assignor desires a Note to evidence
its Loans, it shall request the Administrative Agent to procure a Note from the
Borrower. Upon its receipt of a notification that the Administrative Agent holds
the Note to be replaced, the Borrower shall execute and deliver such replacement
Note to the Administrative Agent.

         8. The Assignor and the Assignee agree to execute and deliver such
other instruments, and take such other action, as either party may reasonably
request in connection with the transactions contemplated by this Assignment and
Acceptance.

         9. This Assignment and Acceptance shall be binding upon and inure to
the benefit of the parties and their respective successors and assigns;
provided, however, that the Assignee shall not assign its rights or obligations
hereunder without the prior written consent of the Assignor and any purported
assignment, absent such consent, shall be void.

         10. This Assignment and Acceptance may be executed by facsimile
signatures with the same force and effect as if manually signed and may be
executed in one or more counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument. This
Assignment and Acceptance shall be governed by and construed in accordance with
the laws of the state specified in the Section of the Agreement entitled
"Governing Law."

         11. The effectiveness of the assignment described herein is subject to:

         (a) if such consent is required by the Agreement, receipt by the
Assignor and the Assignee of the consent of the Administrative Agent and the
Borrower to the assignment described herein. By delivering a duly executed and
delivered copy of this Assignment and Acceptance to the Administrative Agent,
the Assignor and the Assignee hereby request any such required consent and
request that the Administrative Agent register the Assignee as a Lender under
the Agreement effective as of the Effective Date; and

         (b) receipt by the Administrative Agent of (or other arrangements
acceptable to the Administrative Agent with respect to) any applicable
assignment fee referred to in Section 10.07(b) of the Agreement and any tax
forms required by Section 10.15 of the Agreement.

                                      D-3
<PAGE>   88
         By signing below, the Administrative Agent agrees to register the
Assignee as a Lender under the Agreement, effective as of the Effective Date
with respect to the Assigned Interest, and will adjust the registered Pro Rata
Share of the Assignor under the Agreement to reflect the assignment of the
Assigned Interest.

         12. Attached hereto as Schedule 2 is all contact, address, account and
other administrative information relating to the Assignee.

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

                                           ASSIGNOR:

                                           [NAME OF ASSIGNOR]

                                           By:_________________________________

                                           Name:_______________________________

                                           Title:______________________________

[ ]      Tax forms required by             ASSIGNOR:
         Section 10.15 of the Agreement
         included                          [NAME OF ASSIGNOR]

                                           By:_________________________________

                                           Name:_______________________________

                                           Title:______________________________

(Signatures continue)

                                      D-4
<PAGE>   89
         In accordance with and subject to Section 10.07 of the Credit
Agreement, the undersigned consent to the foregoing assignment as of the
Effective Date:

HARRIS CORPORATION

By:_______________________________________

Name:_____________________________________

Title:____________________________________

SUNTRUST BANK,
as Administrative Agent

By:_______________________________________

Name:_____________________________________

Title:____________________________________

                                      D-5
<PAGE>   90
                     SCHEDULE 1 TO ASSIGNMENT AND ACCEPTANCE

                              THE ASSIGNED INTEREST

Effective Date: ______________________

<TABLE>
<CAPTION>
                                          TYPE AND AMOUNT OF OUTSTANDING
        ASSIGNED COMMITMENT                    OBLIGATIONS ASSIGNED                    ASSIGNED PRO RATA SHARE
--------------------------------------------------------------------------------------------------------------
<S>                                  <C>                                        <C>
$_____________                       [type] $___________________                ___________________________%
</TABLE>

                                  Schedule 1-1
<PAGE>   91
                     SCHEDULE 2 TO ASSIGNMENT AND ACCEPTANCE

                             ADMINISTRATIVE DETAILS

(Assignee to list names of credit contacts, addresses, phone and facsimile
numbers, electronic mail addresses and account and payment information)

                                  Schedule 2-1
<PAGE>   92
                                                                       EXHIBIT E

                    FORM OF CLOSING DATE OPINIONS OF COUNSEL
                                (CONTENT SUMMARY)

1.       The Borrower is a corporation duly organized, validly existing and in
         good standing under the laws of the State of Delaware with the
         corporate power and authority and all material Federal, New York or
         Florida governmental licenses, authorizations, consents and approvals
         to own and operate (or lease, as the case may be) its properties and to
         carry on its business as it is now conducted. The Borrower is qualified
         as a foreign corporation, licensed and in good standing in New York and
         Florida.

2.       The Borrower has the corporate power and authority to enter into and
         perform the Loan Documents, and has taken all necessary corporate
         action to authorize the execution, delivery and performance of such
         Loan Documents.

3.       No authorization, consent, approval, license, exemption of, or filing
         or registration with, any Governmental Authority, or approval or
         consent of any other Person, is required for the due execution,
         delivery or performance by, or enforcement against, the Borrower of the
         Loan Documents.

4.       The Loan Documents have been duly executed and delivered by the
         Borrower and constitute the legal, valid and binding obligations of the
         Borrower enforceable against the Borrower in accordance with their
         respective terms.

5.       The execution, delivery and performance by the Borrower of the Loan
         Documents will not (i) violate or be in conflict with any provision of
         the certificate or articles of incorporation, as the case may be, or
         by-laws of the Borrower, (ii) violate or be in conflict with any law or
         regulation having applicability to the Borrower, (iii) violate or
         contravene any judgment, decree, injunction, writ or order of any
         court, or any arbitrator or other Governmental Authority, having
         jurisdiction over the Borrower of the Borrower's properties or by which
         the Borrower may be bound, or (iv) violate or conflict with, or
         constitute a default under or result in the termination of, or
         accelerate the performance required by, any material indenture, loan or
         credit agreement (including the Existing Credit Facility), or other
         agreement for borrowed money or any other material agreement, lease or
         instrument to which the Borrower is a party or by which it or it's
         properties may be bound, or result in the creation of any Lien upon any
         of the assets or properties of the Borrower.

6.       Except as set forth on Schedule __, there is no pending or threatened
         action or proceeding affecting the Borrower or any of its Subsidiaries
         before any court, governmental agency or arbitrator, which would
         reasonably be expected to have a Material Adverse Effect.

7.       The extension of credit under the Credit Agreement does not violate the
         provisions of Regulations T, U or X of the Federal Reserve Board.

                                      F-1
<PAGE>   93
8.       The Borrower is not an "investment company," or a company "controlled"
         by an "investment company," within the meaning of the Investment
         Company Act of 1940.

9.       The Borrower is not a "holding company" or a "subsidiary company" of a
         "holding company," or an "affiliate" of a "holding company" or of a
         "subsidiary company" of a "holding company" within the meaning of
         Public Utility Holding Company Act of 1935.

10.      No regulatory consents, authorizations, approvals or filing are
         required to be obtained or made by the Borrower from any New York
         Governmental Authority under any law of the State of new York or any
         regulation adopted by a Governmental Agency thereof for the borrowing
         by the Borrower under the Credit Agreement and the execution and
         delivery of the Credit Agreement and the Notes in connection with the
         performance by the Borrower of its obligations hereunder.

                                      F-2Exhibit 19(I)-CREDIT AGREEMENT DATED 9-01-00

Exhibit (10)(i)

AMENDED AND RESTATED

CREDIT AGREEMENT

Dated as of

September 1, 2000

By and Among

COOPER TIRE & RUBBER COMPANY

as the Borrower

and

THE FINANCIAL INSTITUTIONS PARTY HERETO

as the Banks

and

PNC BANK, NATIONAL ASSOCIATION

as the Agent

and

PNC CAPITAL MARKETS, INC.,

as Sole Arranger

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 
									Page
									

	INDEX OF EXHIBITS
		 iv
	
	
	
	

	INDEX OF SCHEDULES
		 iv
	
	
	
	

	ARTICLE I.  DEFINITIONS
		  1
	
	
	
	

				
1.1
			Defined Terms
		  1
	
	
	
	

				
1.2
			Accounting Terms
		19
	
	
	
	

				
1.3
			Construction
		19
	
	
	
	

	ARTICLE II.  THE LOANS		20
	
	
	
	

				
2.1
			Long Term Revolving Credit Commitment
		20
	
	
	
	

				
2.2
			Short Term Revolving Credit Commitment
		22
	
	
	
	

				
2.3
			Disbursements and Repayments
		23
	
	
	
	

				
2.4
			Reduction of Long Term Revolving Credit Commitment or Short Term
Revolving Credit Commitment
		24
	
	
	
	

				
2.5
			Bid Rate Loans
		25
	
	
	
	

				
2.6
			Long Term Revolving Credit Loan and Short Term Revolving Credit Loan
Interest Rates
		28
	
	
	
	

				
2.7
			Special Provisions Relating to Euro-Rate Options and Bid Rate Loans
		30
	
	
	
	

				
2.8
			Utilization of Commitments in Optional Currencies
		33
	
	
	
	

				
2.9
			Capital Adequacy
		35
	
	
	
	

				
2.10
			Swingline Loans
		35
	
	
	
	

				
2.11
			Letter of Credit Subfacility
		37
	
	
	
	

				
2.12
			Method of Disbursements and Payments
		42
	
	
	
	

				
2.13
			Interest Payment Dates
		43
	
	
	
	

				
2.14
			Calculation of Interest and Facility Fee
		43
	
	
	
	

				
2.15
			Loan Account
		43
	
	
	
	

				
2.16
			Fees
		43
	
	
	
	

				
2.17
			Currency Repayments
		44
	
	
	
	

				
2.18
			Optional Currency Amounts
		45
	
	
	
	

				
2.19
			Currency Fluctuations
		45
	
	
	
	

				
2.20
			Interbank Market Presumption
		45
	
	
	
	

				
2.21
			Taxes
		46
	
	
	
	

				
2.22
			Judgment Currency
		46
	
	
	
	

	ARTICLE III.  REPRESENTATIONS AND WARRANTIES
		47
	
	
	
	

				
3.1
			Corporate Existence
		47
	
	
	
	

				
3.2
			Corporate Authority
		47
	
	
	
	

				
3.3
			Validity of this Agreement and the Notes
		48
	
	
	
	

				
3.4
			Financial Statements
		48
	
	
	
	

				
3.5
			Litigation; Title to Properties
		48
	
	
	
	

				
3.6
			Encumbrances
		48
	
	
	
	

				
3.7
			ERISA Compliance
		48
	
	
	
	

				
3.8
			Tax Returns and Payments
		49
	
	
	
	

				
3.9
			Regulations G, T, U and X
		49

-i-

	 	 	 	 	 	 	 	 	 
									Page
									

	
	
	
	

				
3.10
			Investment Company Act; Public Utilities Holding Company Act
		49
	
	
	
	

				
3.11
			Environmental Matters
		49
	
	
	
	

				
3.12
			No Restrictions
		49
	
	
	
	

				
3.13
			Compliance with Applicable Laws
		50
	
	
	
	

				
3.14
			Governmental Approval
		50
	
	
	
	

				
3.15
			No Event of Default; Compliance with Instruments
		50
	
	
	
	

				
3.16
			Employment Matters
		50
	
	
	
	

				
3.17
			Patents,
Trademarks, Copyrights, Licenses, Etc.
		50
	
	
	
	

				
3.18
			Year 2000 Problem
		51
	
	
	
	

				
3.19
			Solvency
		51
	
	
	
	

				
3.20
			Material Contracts; Burdensome Restrictions
		51
	
	
	
	

				
3.21
			Disclosure
		51
	
	
	
	

	ARTICLE IV.  AFFIRMATIVE COVENANTS
		51
	
	
	
	

				
4.1
			Use of Proceeds
		52
	
	
	
	

				
4.2
			Furnishing Information
		52
	
	
	
	

				
4.3
			Preservation of Existence
		53
	
	
	
	

				
4.4
			Payment of Taxes and Fees
		53
	
	
	
	

				
4.5
			Insurance
		53
	
	
	
	

				
4.6
			ERISA Reports
		54
	
	
	
	

				
4.7
			Environmental Matters
		54
	
	
	
	

				
4.8
			Senior Debt Status
		55
	
	
	
	

				
4.9
			Y2K Preparedness
		55
	
	
	
	

	ARTICLE V.  NEGATIVE COVENANTS
		55
	
	
	
	

				
5.1
			Percentage of Consolidated Indebtedness to Consolidated Capitalization
		55
	
	
	
	

				
5.2
			Fixed Charge Coverage Ratio
		55
	
	
	
	

				
5.3
			Creation of Encumbrances
		55
	
	
	
	

				
5.4
			Limitation on Mergers
		56
	
	
	
	

	ARTICLE VI.  CONDITIONS PRECEDENT
		56
	
	
	
	

				
6.1
			All Disbursements
		56
	
	
	
	

				
6.2
			Conditions Precedent for Closing
		57
	
	
	
	

	ARTICLE VII.  EVENTS OF DEFAULT
		59
	
	
	
	

				
7.1
			Immediate Defaults
		59
	
	
	
	

				
7.2
			Defaults at Option of Banks
		59
	
	
	
	

				
7.3
			Remedies upon Default
		61
	
	
	
	

				
7.4
			Cash Collateral
		61
	
	
	
	

	ARTICLE VIII.  AGENT
		62
	
	
	
	

				
8.1
			Appointment and Grant of Authority
		62
	
	
	
	

				
8.2
			Non-Reliance on Agent
		62
	
	
	
	

				
8.3
			Responsibility of the Agent and Other Matters
		62
	
	
	
	

				
8.4
			Action on Instructions
		63
	
	
	
	

				
8.5
			Action in Event of Default
		63
	
	
	
	

				
8.6
			Indemnification
		63
	
	
	
	

				
8.7
			Agent’s Rights as a Bank
		64

-ii-

	 	 	 	 	 	 	 	 	 
									Page
									

	
	
	
	

				
8.8
			Loan Advances
		64
	
	
	
	

				
8.9
			Payment to Banks
		65
	
	
	
	

				
8.10
			Notice of Event of Default
		65
	
	
	
	

				
8.11
			Equalization of Banks
		65
	
	
	
	

				
8.12
			Successor Agent
		66
	
	
	
	

	ARTICLE IX.  GENERAL PROVISIONS
		66
	
	
	
	

				
9.1
			Waiver of Rights of Set-Off
		66
	
	
	
	

				
9.2
			Amendments
		66
	
	
	
	

				
9.3
			No Implied Waiver; Cumulative Remedies
		67
	
	
	
	

				
9.4
			Certain Taxes
		67
	
	
	
	

				
9.5
			Notices
		67
	
	
	
	

				
9.6
			Costs
		68
	
	
	
	

				
9.7
			Severability
		68
	
	
	
	

				
9.8
			Covenants to Survival
		68
	
	
	
	

				
9.9
			Investment
		68
	
	
	
	

				
9.10
			Holiday Payments
		68
	
	
	
	

				
9.11
			Governing Law
		69
	
	
	
	

				
9.12
			Successors, Assigns and Participations
		69
	
	
	
	

				
9.13
			Counterparts
		70
	
	
	
	

				
9.14
			Funding by Branch, Subsidiary or Affiliate
		70
	
	
	
	

				
9.15
			Tax Withholding Forms
		71
	
	
	
	

				
9.16
			Amendment and Restatement of Original Credit Agreement
		71
	
	
	
	

				
9.17
			Joinder to Agreement; Assignment of Interests under the Original Credit
Agreement
		72

-iii-

INDEX OF EXHIBITS

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
							Principal Section
	Exhibit Reference		Exhibit		Reference		Page
	
		
		
		

	A		Long Term Revolving Credit Note			2.1d				22	
	
	
	
	

	B		Short Term Revolving Credit Note			2.2d				23	
	
	
	
	

	C		Request for Disbursement			2.3b				24	
	
	
	
	

	D-1		Bid Rate
Note (Long Term Revolving Credit Commitment)			2.5c				25	
	
	
	
	

	D-2		Bid Rate
Note (Short Term Revolving Credit Commitment)			2.5c				26	
	
	
	
	

	E		Swingline Note			2.10				36	
	
	
	
	

	F		Compliance Certificate			4.2				52	
	
	
	
	

	G		Opinion of Counsel			6.2	(xiv)			59	

INDEX OF SCHEDULES

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Schedule Reference			Schedule			Principal
Section
Reference		Page
	
		
		
		

	3.6		
Encumbrances
				3.6
					48	

-iv-

AMENDED AND RESTATED CREDIT AGREEMENT

      THIS AMENDED AND RESTATED CREDIT AGREEMENT dated as of September 1, 2000,
by and among COOPER TIRE & RUBBER COMPANY, as the Borrower (the “Borrower”),
the FINANCIAL INSTITUTIONS PARTY hereto, as the lenders (individually a “Bank”
and collectively the “Banks”), and PNC BANK, NATIONAL ASSOCIATION, as the agent
for the Banks (the “Agent”).

WITNESSETH:

      WHEREAS, the Borrower, the Agent and certain lenders from time to time
party thereto are parties to that certain Credit Agreement entered into as of
September 1, 1999 (as amended or otherwise modified from time to time prior to
the date hereof, the “Original Credit Agreement”);

      WHEREAS, the Borrower has requested that the Agent and the Banks amend and
restate the Original Credit Agreement as provided for herein;

      WHEREAS, the Borrower desires to obtain loans from the Banks pursuant to
this Agreement in an aggregate amount not to exceed $350,000,000 at any one
time outstanding;

      WHEREAS, the Agent and the Banks are willing to amend and restate the
Original Credit Agreement and the Banks are willing to make loans and other
financial accommodations available to the Borrower, and the Agent is willing to
act as agent in connection therewith, in each case on the terms and subject to
the conditions set forth herein; and

      WHEREAS, the Borrower, the Agent and the Banks agree that they are willing
to have PNC Capital Markets (“PNC Capital”) act as the sole arranger for the
amendment and restatement of the Original Credit Agreement and that, PNC
Capital’s role as sole arranger for the amendment and restatement of the
Original Credit Agreement notwithstanding, PNC Capital is not and shall not be
a party this Agreement.

      NOW, THEREFORE, in consideration of mutual promises contained herein and
other valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, and with the intent to be legally bound hereby, the parties
hereto agree as follows:

ARTICLE I. DEFINITIONS.

1.1 Defined Terms. As used herein the following terms shall have the meaning
specified unless the context otherwise requires:

      “Affiliate” shall mean any Person directly or indirectly Controlling,
Controlled by, or under common Control of the Borrower.

      “Agent” shall mean PNC Bank, National Association in its capacity as Agent
or its successor appointed pursuant to Section 8.12 hereof and as the issuer of
Letters of Credit.

 

      “Agent’s Fee” shall mean the annual fee payable by the Borrower to the
Agent as compensation for acting as Agent hereunder all as more fully set forth
in the Agent’s Letter.

      “Agent’s Letter” shall mean the letter from the Agent to the Borrower
dated as of September 1, 2000, as the same may from time to time be amended or
otherwise modified or supplemented.

      “Agreement” shall mean this Amended and Restated Credit Agreement as the
same may from time to time be amended or otherwise modified or supplemented.

      “Applicable Long Term Margin” shall mean for each Long Term Revolving
Credit Loan the rate per annum determined from time to time based upon the
Ratings in effect by S&P and Moody’s set forth under the relevant column
heading below opposite such Ratings:

	 	 	 	 	 	 	 	 	 
	

	RATINGS
	

			Applicable Long Term Margin
			(in basis points per annum)
	S&P/Moody's		Euro-Rate Option
	
		

	A+/A1 or higher			17.0	
	
	
	
	

	A/A2 or higher but less than A+/A1			28.5	
	
	
	
	

	A-/A3 or higher but less than A/A2			40.0	
	
	
	
	

	BBB+/Baa1 or higher but less than A-/A3			50.0	
	
	
	
	

	BBB/Baa2 or higher but less than BBB+/Baa1			60.0	
	
	
	
	

	BBB-/Baa3 or lower			70.0	

provided that, in the event that the Ratings of S&P and Moody’s do not
coincide, the Applicable Long Term Margin set forth above opposite the higher
of such Ratings will apply; and provided further, in the event that one Rating
is in effect, the Applicable Long Term Margin set forth above for such Rating
will apply. Notwithstanding the foregoing, in the event that no Ratings are in
effect at such time of determination, the Applicable Margin will be determined
in a manner to be mutually agreed upon by the Agent and the Borrower and
consented to by the Banks.

      “Applicable Short Term Margin” shall mean for each Short Term Revolving
Credit Loan the rate per annum determined from time to time based upon the
Ratings in effect by S&P and Moody’s set forth under the relevant column
heading below opposite such Ratings:

-2-

	 	 	 	 	 	 	 	 	 
	

	RATINGS
	

			Applicable Short Term Margin
			(in basis points per annum)
	S&P/Moody's		Euro-Rate Option
	
		

	A+/A1 or higher			18.5	
	
	
	
	

	A/A2 or higher but less than A+/A1			30.0	
	
	
	
	

	A-/A3 or higher but less than A/A2			41.5	
	
	
	
	

	BBB+/Baa1 or higher but less than A-/A3			52.5	
	
	
	
	

	BBB/Baa2 or higher but less than BBB+/Baa1			62.5	
	
	
	
	

	BBB-/Baa or lower			72.5	

provided that, in the event that the Ratings of S&P and Moody’s do not
coincide, the Applicable Short Term Margin set forth above opposite the higher
of such Ratings will apply; and provided further, in the event that one Rating
is in effect, the Applicable Short Term Margin set forth above for such Rating
will apply. Notwithstanding the foregoing, in the event that no Ratings are in
effect at such time of determination, the Applicable Margin will be determined
in a manner to be mutually agreed upon by the Agent and the Borrower and
consented to by the Banks.

      “Authorized Officer” shall mean the Chief Executive Officer, the
President, any Vice President, Controller, the Treasurer or the Assistant
Treasurer of the Borrower. The Agent shall be entitled to rely on the
incumbency certificates delivered pursuant to Subsection 6.2(xii) hereof for
the initial designation of each Authorized Officer. Additions or deletions to
the list of Authorized Officers may be made by the Borrower at any time by
delivering to the Agent a revised incumbency certificate.

      “Bank” shall mean any of the several financial institutions party to this
Agreement.

      “Bank Indebtedness” shall mean (i) the Loans then outstanding, together
with all increases or refinancings thereof, (ii) the aggregate stated amount of
Letters of Credit outstanding hereunder, (iii) the aggregate amount of
unreimbursed draws on Letters of Credit issued hereunder, (iv) all interest,
fees and any other amounts due hereunder by reason of advances by the Banks,
made to, or for the account of, the Borrower pursuant to this Agreement, and
(v) all reasonable out-of-pocket expenses incurred by the Banks and the Agent
(including but not limited to fees and expenses of counsel).

      “Base Rate” shall mean the higher of (i) Agent’s Prime Rate or (ii) the
sum of (A) the Federal Funds Effective Rate plus (B) fifty (50) basis points (1/2%).

-3-

      “Base Rate Option” shall mean the interest rate options, as applicable,
described in Subsections 2.6a(i)(A) or 2.6a(ii)(A) of this Agreement.

      “Base Rate Portion” shall mean the Loans bearing interest under the Base
Rate Option.

      “Base Rate Segment” shall mean each Loan bearing interest under the Base
Rate Option.

      “Bid Rate” shall mean the rate or rates of interest from time to time in
effect pursuant to agreements reached between the Borrower and any or all of
the Banks pursuant to Section 2.5.

      “Bid Rate Administration Fee” shall mean the fee described in the Agent’s
Letter relating to the administrative fee for Bid Rate Loan transactions.

      “Bid Rate Bank” shall mean a Bank which, at the Date of Determination, has
extended a Bid Rate Loan to the Borrower.

      “Bid Rate Interest Period” shall mean any individual period of seven (7)
to three hundred sixty-four (364) days commencing on the date of the extension
of the relevant Bid Rate Loan; provided, however, that no Bid Rate Interest
Period shall extend beyond the Business Day immediately preceding (A) the
Termination Date in the case of a Disbursement under the Long Term Revolving
Credit Commitment or (B) the Payment Date in the case of a Disbursement under
the Short Term Revolving Credit Commitment.

      “Bid Rate Loan” shall mean a Disbursement by any Bank pursuant to Section 2.5.

      “Bid Rate Loan Request” shall mean the written request of the Borrower for
a Bid Rate Loan delivered to the Banks in accordance with the provisions of
Subsection 2.5d, which request shall contain the following information: (i)
the date of the proposed Bid Rate Loan, (ii) the principal amount of the
proposed Bid Rate Loan and (iii) the maturity date for repayment thereof, (iv)
whether such Bid Rate Loan is under the Long Term Revolving Credit Commitment
or the Short Term Revolving Credit Commitment, (v) the interest payment dates,
and (vi) any other terms which the Borrower wishes to request.

      “Bid Rate Note” shall mean an evidence of Indebtedness substantially in
the form of Exhibit “D-1” or “D-2” hereto and all extensions, renewals,
amendments, substitutions and replacements thereto and thereof.

      “Bid Rate Option” shall mean the interest rate option that may be agreed
upon between the Borrower and one or more of the Banks pursuant to Section 2.5
hereof.

      “Borrower” shall have the meaning ascribed to it in the preamble hereto.

-4-

      “Business Day” shall mean, (a) when used in any context other than in
reference to or in connection with Euro-Rate Segments, any day, other than a
Saturday or Sunday, on which the Banks are open for business in Pittsburgh,
Pennsylvania and New York, New York, (b) when used in the context of a
Euro-Rate Segment, any day, other than a Saturday or Sunday, on which (i)
commercial banks are open for business in Pittsburgh, Pennsylvania and New
York, New York and (ii) dealings in foreign currencies and exchange and
eurodollar funding between banks may be carried on at the location at which
each of the Banks transacts its eurodollar funding and the Target (the
Transeuro real time gross settlement system) is operating, and (c) when used
with respect to advances or payments of Loans or any other matters relating to
Loans denominated in an Optional Currency, such day also shall be a day on
which dealings in deposits in the relevant Optional Currency are carried on in
the applicable interbank market or on which all applicable banks into which
Loan proceeds may be deposited are open for business and foreign exchange
markets are open for business in the principal financial center of the country
of such currency.

      “Capital Compensation Amount” shall have the meaning given it in Section 2.9.

      “Capital Stock” shall mean any and all shares, of any class (however
designated) of capital stock of a corporation.

      “Capitalized Lease” shall mean a lease under which the obligations of the
lessee would, in accordance with GAAP, be included in determining total
liabilities as shown on the liability side of a balance sheet of the lessee.

      “Capitalized Lease Obligations” shall mean the portion of the obligations
under a Capitalized Lease which would be shown as a liability on a balance
sheet in accordance with GAAP.

      “Cash Collateral Account” shall have the meaning given it in Section 7.4.

      “Change in Law” shall have the meaning given it in Section 2.9.

      “Code” means the Internal Revenue Code of 1986, as amended from time to
time, or any successor legislation thereto, together with all regulations
promulgated and rulings issued thereunder.

      “Commercial Letter of Credit” shall mean any letter of credit directly
related to the purchase of goods or to a similar transaction in which it is
intended by the account party and the beneficiary that payment will be made, in
the ordinary course, by a draw on the Letter of Credit in accordance with its
terms.

      “Commitment” shall mean, as to any Bank, the sum of the Dollar amount set
forth opposite such Bank’s name on its signature page hereto (i) under the
heading “Maximum Dollar Amount of Long Term Revolving Credit Commitment” plus
(ii) under the heading “Maximum Dollar Amount of Short Term Revolving Credit
Commitment”, as adjusted pursuant to Subsection 2.5 at such times as Bid Rate
Loans are outstanding.

-5-

      “Compliance Certificate” shall mean the compliance certificate in
substantially the form of Exhibit “F” hereto, which shall be delivered by the
Borrower to the Banks in accordance with Section 4.2 hereof.

      “Computation Date” shall have the meaning assigned to that term in
Subsection 2.8a.

      “Consolidated” shall mean the consolidation of accounts of two or more
Persons in accordance with GAAP.

      “Consolidated Indebtedness” shall mean the Indebtedness of the Borrower
and its Subsidiaries determined on a Consolidated basis in accordance with
GAAP, consistently applied.

      “Consolidated Net Income” shall mean the total net income (or deficit) of
the Borrower and its Subsidiaries for the period in question (taken as a
cumulative whole) determined in accordance with GAAP on a consolidated basis,
consistently applied.

      “Consolidated Net Income Available for Fixed Charges” shall mean the
Consolidated Net Income for any period after adding back Fixed Charges and
provisions for taxes in respect of or measured by income or excess profits, all
in the respective amounts theretofore deducted in determining Consolidated Net
Income for such period.

      “Consolidated Rentals” shall mean the aggregate of the Rentals of the
Borrower and its Subsidiaries payable during a specified period in accordance
with GAAP.

      “Consolidated Stockholders’ Equity” shall mean the total of those items
enumerated under the heading “Stockholders’ Equity” in the Borrower’s then
current balance sheet determined on a Consolidated basis in accordance with
GAAP, consistently applied.

      “Consolidated Subsidiary” shall mean any Subsidiary which shall, during
any relevant period be Consolidated with the Borrower in any Consolidated
financial statement furnished to the Banks.

      “Consolidated Total Assets” shall mean the assets of the Borrower and its
Subsidiaries, determined on a Consolidated basis in accordance with GAAP
consistently applied.

      “Control (and its derivatives)”: Either (i) the ownership of twenty
percent (20%) or more of any class of voting securities, partnership interests
or other equity interests of a Person, or (ii) 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 ownership of voting securities,
partnership interests or other equity interests, by contract or otherwise,
including without limitation the power to elect a majority of the directors of
a corporation or trustees of a trust, as the case may be.

-6-

      “Date of Determination” shall mean each date as of which any test to be
made or applied under this Agreement is made or applied.

      “Default Letter of Credit Fee” shall have the meaning assigned to it in
Section 2.11c.

      “Disbursement” shall mean an advance of proceeds to the Borrower made
pursuant to any or all of Sections 2.1, 2.2, 2.5 or 2.10.

      “Disclosure Letter” shall mean that certain letter dated on or prior to
the Restatement Closing Date delivered by the Borrower to the Agent for
redelivery to the Banks that discusses certain pending legal matters.

      “Dollar” or “$” shall mean the legal tender of the United States of
America.

      “Dollar Equivalent” shall mean, with respect to any amount of any
currency, the Equivalent Amount of such currency expressed in Dollars.

      “Drawing Date” shall have the meaning assigned to it in Section 2.11d(B).

      “Encumbrance” shall mean any encumbrance, mortgage, lien, charge, pledge,
security interest, priority payment, conditional sales agreement right, or
other title retention agreement right (including any Capitalized Lease) in,
upon or against any asset of the Borrower except for a pledge of the stock of
Cooper-Avon Tyres Limited in favor of the Borrower.

      “Environmental Law” shall mean any and all statutes, laws, regulations,
ordinances, rules, judgments, orders, decrees, permits, concessions, grants,
franchises, licenses, agreements or other governmental restrictions relating to
the environment or the Release of any Hazardous Substances into the
environment.

      “Equivalent Amount” shall mean, at any time, as determined by the Agent
(which determination shall be conclusive absent manifest error), with respect
to an amount of any currency (the “Reference Currency”) which is to be computed
as an equivalent amount of another currency (the “Equivalent Currency”): (i) if
the Reference Currency and the Equivalent Currency are the same, the amount is
such Reference Currency; or (ii) if the Reference Currency and the Equivalent
Currency are not the same, the amount is such Equivalent Currency converted
from such Reference Currency at the Agent’s spot selling rate (based on the
market rates then prevailing and available to the Agent) for the sale of such
Equivalent Currency for such Reference Currency at a time determined by the
Agent on the second Business Day immediately preceding the event for which such
calculation is made.

      “Equivalent Currency” shall have the meaning assigned to such term in the
definition of Equivalent Amount.

-7-

      “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as
now in effect and as hereafter from time to time amended, or any successor
statute, and the rules and regulations promulgated thereunder, as from time to
time in effect.

      “ERISA Affiliate” shall mean as of any relevant time any Person subject to
ERISA which is a member of a Controlled group of corporations of which the
Borrower is a member, and any trade or business which is subject to ERISA
(whether or not incorporated) under common Control with the Borrower, and all
other entities which, together with the Borrower, are treated as a single
employer under Section 414 of the Internal Revenue Code.

      “Euro-Rate” shall mean: (A) with respect to any Loans denominated in
Dollars comprising any Segment to which the Euro-Rate Option applies for any
Euro-Rate Interest Period, the interest rate per annum determined by the Agent
by dividing (the resulting quotient rounded upward to the nearest 1/100th of 1%
per annum) (i) the rate of interest determined by the Agent in accordance with
its usual procedures (which determination shall be conclusive and binding upon
the Borrower, absent manifest error on the part of the Agent) to be the average
of London interbank offered rates for U.S. Dollars quoted by the British
Bankers Association as set forth on Dow Jones Markets Service (formerly known
as Telerate) (or appropriate successor or, if British Banker’s Association or
its successor ceases to provide such quotes a comparable replacement determined
by the Agent) display page 3750 (or such other display page on the Dow Jones
Markets Service system replacing page 3750) at approximately 9:00 A.M.,
Pittsburgh, Pennsylvania time, two (2) Business Days prior to the first day of
such Euro-Rate Interest Period for an amount comparable to such Segment and
having a borrowing date and a maturity comparable to such Euro-Rate Interest
Period by (ii) a number equal to 1.00 minus the Euro-Rate Reserve Percentage.
Such Euro-Rate may also be expressed by the following formula:

	 	 	 	 	 	 	 	 	 	 	 
	Euro-Rate		=		Average of London interbank offered rates
							quoted by BBA as shown on Dow Jones Markets
							Service display page 3750 or appropriate successor
							

				
			1.00 - Euro-Rate Reserve Percentage

      (B) with respect to any Loans denominated in Optional Currency comprising
any Segment to which the Euro-Rate Option applies for any Interest Period, the
interest rate per annum determined by Agent by dividing (the resulting quotient
rounded upward to the nearest 1/16th of 1% percent per annum) (i) the rate of
interest per annum determined by Agent in accordance with its usual procedures
(which determination shall be conclusive absent manifest error) to be the rate
of interest per annum for deposits in the relevant Optional Currency quoted by
the British Banker’s Association which appears on the relevant Dow Jones
Markets Service display page (or, if no such quotation is available on such Dow
Jones Markets Service display age, on the appropriate Reuters Screen) at
approximately 9:00 A.M., Pittsburgh, Pennsylvania time, two (2) Business Days
prior to the first day of such Interest Period for delivery on the first day of
such Interest Period for a period, and in an amount, comparable to such
Interest Period and principal amount of such Disbursement (“LIBO Rate”) by
(ii) a number equal to 1.00 minus the Euro-Rate Reserve Percentage. Such Euro-Rate
may also be expressed by the following formula:

	 	 	 	 	 	 	 	 	 	 	 
	Euro-Rate		=		LIBO Rate
							

				
			1 - Euro-Rate Reserve Percentage

-8-

The Euro-Rate shall be adjusted with respect to any Euro-Rate Option
outstanding on the effective date of any change in the Euro-Rate Reserve
Percentage as of such effective date. The Agent shall give prompt notice to
the Borrower of the Euro-Rate as determined or adjusted in accordance herewith,
which determination shall be conclusive absent manifest error. The Euro-Rate
for any Loans shall be based upon the Euro-Rate for the currency in which such
Loans are requested.

      “Euro-Rate Interest Period” shall mean any individual period of one month,
two months, three months or six months or other period then available up to a
maximum of twelve months; provided, however, that the availability of a period
in excess of six months is subject to the express approval of the Required
Banks, commencing on the borrowing date, conversion date or renewal date of the
Euro-Rate Segment to which such period shall apply; provided, however, that any
Euro-Rate Interest Period which would otherwise end on a day which is not a
Business Day shall be extended to the next Business Day unless such Business
Day falls in the succeeding calendar month in which case such Euro-Rate
Interest Period shall end on the next preceding Business Day; and provided
further that any Euro-Rate Interest Period which begins on the last day of a
calendar month or on a day for which there is no numerically corresponding day
in the subsequent calendar month during which such Euro-Rate Interest Period is
to end shall end on the last Business Day of such subsequent month.

      “Euro-Rate Option” shall mean the ability of the Borrower to have all or
any Segment of the Loans then outstanding bear interest at a fixed rate of
interest related to the Euro-Rate, all as more fully set forth in
Subsections 2.6a(i)(B) or 2.6a(ii)(B).

      “Euro-Rate Portion” shall mean the Loans then outstanding bearing interest
under the Euro-Rate Option.

      “Euro-Rate Reserve Percentage” shall mean, for each Euro-Rate Interest
Period, that percentage (expressed as a decimal), as determined by the Agent as
to the Euro-Rate Segment as to which the rate is then being set, which is in
effect on the first day of such Euro-Rate Interest Period, (i) as prescribed by
the Board of Governors of the Federal Reserve System (or any successor), for
determining the maximum reserve requirements (including without limitation
supplemental, marginal or emergency reserve requirements) with respect to
eurocurrency funding (currently referred to as “Eurocurrency Liabilities”) of a
member bank in such system; and (ii) to be maintained by a Bank as required for
reserve liquidity, special deposit, or a similar purpose by any governmental or
monetary authority of any country or political subdivision thereof (including
any central bank), against (A) any category of liabilities that includes
deposits by reference to which a Euro-Rate is to be determined, or (B) any
category of extension of credit or other assets that includes Loans or Segments
to which a Euro-Rate applies. The Euro-Rate shall be adjusted automatically
with respect to any Euro-Rate Segment outstanding on the effective date of any
change in the Euro-Rate Reserve Percentage, as of such effective date.

-9-

      “Euro-Rate Segment” shall mean each Loan bearing interest under the
Euro-Rate Option for a discrete Interest Period.

      “Event of Default” shall mean an occurrence of events or the existence of
conditions described in Sections 7.1 through 7.2 inclusive, and any continuance
thereof.

      “Existing Banks” shall mean each of PNC Bank, National Association;
National City Bank; Bank One, Michigan; The Chase Manhattan Bank; The Bank of
New York; and Bank of America, N.A.

      “Facility Fee” shall mean as of any Date of Determination the sum of
(i) the Long Term Facility Fee Rate multiplied by the Long Term Revolving Credit
Commitment and (ii) the Short Term Facility Fee Rate multiplied by the Short
Term Revolving Credit Commitment.

      “Federal Funds Effective Rate” shall mean, for any day, the weighted
average (rounded upwards, if necessary, to the next 1/100 of 1%) 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 (rounded upwards,
if necessary, to the next 1/100 of 1%) of the quotations for such day for such
transactions received by the Agent from three Federal funds brokers of
recognized standing selected by it.

      “Fiscal Quarter” shall mean each successive three-month period from
January 1 to and including March 31, April 1 to and including June 30, July 1
to and including September 30, and October 1 to and including December 31.

      “Fiscal Year” shall mean each successive 12-month period from January 1 to
and including December 31.

      “Fixed Assets” shall mean tangible assets (real, personal or mixed)
material to the ongoing business operations of the Borrower on a Consolidated
basis.

      “Fixed Charges” shall mean the aggregate interest charges (including the
portion of payments under Capitalized Leases attributable to interest) and
Rentals payable by the Borrower and its Subsidiaries for any period with
respect to Indebtedness and lease obligations existing at any time during such
period, after eliminating all inter-company items in accordance with GAAP.

      “Fronting Fee” shall have the meaning assigned to it in Section 2.11b.

      “GAAP” shall mean generally accepted accounting principles in effect in
the United States which shall include, but not be limited to, the official
interpretations thereof as defined by the Financial Accounting Standards Board,
its predecessors and its successors.

      “Governmental Acts” shall have the meaning assigned to it in Section 2.11i.

-10-

      “Governmental Person” means the government of the United States or the
government of any state or locality therein, or any foreign country, any
political subdivision or any governmental, quasi-governmental, judicial, public
or statutory instrumentality, authority, body or entity, or other regulatory
bureau, authority, body or entity of the United States or any state or locality
therein, including the Federal Deposit Insurance Company, the Comptroller of
the Currency or the Board of Governors of the Federal Reserve System, any
central bank of any foreign country or any comparable authority.

      “Granting Bank” shall have the meaning assigned to that term in Section 9.12(a)(ii).

      “Guarantee” or “Guaranty” shall mean any obligation, direct or indirect,
by which a Person undertakes to guaranty, assume or remain liable for the
payment or performance of another Person’s obligations, including but not
limited to (i) endorsements of negotiable instruments (except for endorsements
for deposit or collection in the ordinary course of business), (ii) discounts
with recourse, (iii) agreements to pay or perform upon a second Person’s
failure to pay or perform, (iv) remaining liable on obligations assumed by a
second Person, (v) except for the Borrower’s obligations pursuant to Section
2.9, agreements to maintain the capital, working capital solvency or general
financial condition of a second Person and (vi) agreements for the purchase or
other acquisition of products, materials, supplies or services, if in any case
payment therefor is to be made regardless of the non-delivery of such products,
materials or supplies or the non-furnishing of such services.

      “Hazardous Substances” shall mean (i) any hazardous, toxic or polluting
substance regulated by any Environmental Law and (ii) any petroleum products.

      “Indebtedness” shall mean as applied to any Person, without duplication,
all liabilities of such Person for borrowed money, direct or contingent,
whether evidenced by a bond, note, debenture, Capitalized Lease Obligation,
deferred purchase price arrangement, title retention device, reimbursement
agreement (except as any such reimbursement agreement relates to the issuance
of a letter of credit to support a surety or performance bond which is a
performance guaranty), Guaranty, book entry or otherwise.

      “Interest Period” shall mean either a Bid Rate Interest Period, a Base
Rate Segment or a Euro-Rate Interest Period.

      “Letter of Credit” shall have the meaning assigned to that term in Section 2.11a.

      “Letter of Credit Borrowing” shall mean an extension of credit resulting
from a drawing under any Letter of Credit which shall not have been reimbursed
on the date when made and shall not have been converted into a Long Term
Revolving Credit Loan under Section 2.11d(B).

      “Letter of Credit Fee” shall have the meaning assigned to that term in
Section 2.11b.

-11-

      “Letters of Credit Outstanding” shall mean at any time the sum of (i) the
aggregate undrawn face amount of outstanding Letters of Credit and (ii) the
aggregate amount of all unpaid and outstanding Reimbursement Obligations.

      “Loan” shall mean an advance of funds made by the Banks or the Agent to
the Borrower under this Agreement as evidenced by the Notes; collectively the
“Loans”.

      “Loan Account” shall mean the account maintained by the Agent pursuant to
Section 2.15.

      “Loan Documents” shall mean this Agreement, the Notes, the Agent’s Letter
and the Requests for Disbursement.

      “Long Term Facility Fee Rate” shall mean the rate per annum determined
from time to time based upon the Ratings in effect by S&P and Moody’s set forth
under the relevant column heading below opposite such Ratings:

	 	 	 	 	 	 	 	 	 
	

	RATINGS
	

			Long Term
			Facility Fee Rate
	S&P/Moody's		(in basis points per annum)
	
		

	A+/A1 or higher			8.0	
	
	
	
	

	A/A2 or higher but less than A+/A1			9.0	
	
	
	
	

	A-/A3 or higher but less than A/A2			10.0	
	
	
	
	

	BBB+/Baa1 or higher but less than A-/A3			12.5	
	
	
	
	

	BBB/Baa2 or higher but less than BBB+/Baa1			15.0	
	
	
	
	

	BBB-/Baa3 or lower			17.5	

provided that, in the event that the Ratings of S&P and Moody’s do not
coincide, the Long Term Facility Fee Rate set forth above opposite the higher
of such Ratings will apply; and provided further, in the event that one Rating
is in effect, the Long Term Facility Fee Rate set forth above for such Rating
will apply. Notwithstanding the foregoing, in the event that no Ratings are in
effect at such time of determination, the Long Term Facility Fee Rate will be
determined in a manner to be mutually agreed upon by the Agent and the Borrower
and consented to by the Banks. The Long Term Facility Fee Rate shall be
adjusted if necessary as of the date of any change in the Ratings.

      “Long Term Revolving Credit Commitment” shall mean the several obligations
of the Banks, each in accordance with its Long Term Revolving Credit Commitment
Percentage, to make available to the Borrower the Long Term Revolving Credit
Loans, all as set forth in Section 2.1.

-12-

      “Long Term Revolving Credit Commitment Percentage” shall mean as to any
Bank, the percentage set forth opposite such Bank’s name on its signature page
hereto under the caption “Long Term Revolving Credit Commitment Percentage”.

      “Long Term Revolving Credit Loan” shall mean Disbursements made by the
Banks under the Long Term Revolving Credit Commitment, which Disbursements in
the aggregate shall not exceed more than $150,000,000 at any one time
outstanding.

      “Long Term Revolving Credit Note” shall mean the evidence of Indebtedness
substantially in the form of Exhibit “A” hereto and all extensions, renewals,
amendments, substitutions and replacements thereto and thereof.

      “Margin Stock” shall be defined herein as defined in Regulation U
promulgated by the Board of Governors of the Federal Reserve System as such
regulation is now in effect and may hereafter be amended.

      “Material Adverse Effect” means, any change or effect that is materially
adverse to the assets, liabilities, results of operations or financial
condition of the Borrower and its Consolidated Subsidiaries taken as a whole.

      “Maturity Date” shall mean (i) August 31, 2001 (ii) such later date as is
agreed to by the Banks pursuant to Section 2.2c hereof, (iii) such earlier date
on which the Short Term Revolving Credit Commitment shall terminate pursuant to
Section 2.4 or (iv) such earlier date when, pursuant to Article VII hereof, the
Short Term Revolving Credit shall terminate.

      “Moody’s” shall mean Moody’s Investors Service, Inc.

      “Multiemployer Plan” shall mean a “multiemployer plan” as defined in
Section 4001(a)(3) of ERISA to which any Borrower or any ERISA Affiliate is
making or accruing an obligation to make contributions or has within any of the
preceding five plan years made or accrued an obligation to make contributions.

      “Note” shall mean any of the Long Term Revolving Credit Notes, the Short
Term Revolving Credit Notes, the Bid Rate Notes or the Swingline Notes.

      “Option” shall mean any of the Base Rate Option, the Euro-Rate Option or
the Bid Rate Option.

      “Optional Currency” shall mean any of the following currencies: (a) the
British Pound Sterling, (b) the French Franc, (c) the Swiss Franc, (d) the
Deutsche Mark or (e) the Euro, and any other freely convertible foreign
currency listed on currency codes in effect from time to time under ISO
International Standard 4217 or any successor thereto and approved by Agent and
all of the Banks pursuant to Section 2.8d.

      “Original Closing Date” shall mean September 1, 1999.

-13-

      “Original Currency” shall have the meaning assigned to such term in
Section 2.22a.

      “Other Currency” shall have the meaning assigned to such term in Section 2.22a.

      “Other Taxes” shall have the meaning assigned to it in Section 2.21b.

      “Overnight Rate” shall mean for any day with respect to any Loans in an
Optional Currency, the rate of interest per annum as determined by the Agent at
which overnight deposits in such currency, in an amount approximately equal to
the amount with respect to which such rate is being determined, would be
offered for such day in the applicable offshore interbank market.

      “Participant” shall mean any financial institution or other entity which
purchases a Participation in any Loan hereunder from any Bank.

      “Participation” shall mean the sale, pursuant to Subsection 9.12b, by any
Bank to any Participant of an undivided interest in all or any part of the
Loans or any Commitment under the Long Term Revolving Credit Commitment and/or
the Short Term Revolving Credit Commitment.

      “Participation Advance” shall mean, with respect to any Bank, such Bank’s
payment in respect of its participation in a Letter of Credit Borrowing
according to its Pro Rata share pursuant to Section 2.11d.

      “Payment Date” shall mean (i) the first day of March immediately
succeeding the Maturity Date or (ii) such earlier date when pursuant to Article
VII the Short Term Revolving Credit Notes are due and payable.

      “PBGC” shall mean the Pension Benefit Guaranty Corporation or any entity
succeeding to any or all of its functions under ERISA.

      “Permitted Encumbrances” shall mean those Encumbrances allowed pursuant to
Section 5.3 hereof.

      “Person” shall mean any individual, corporation, association, trust, firm,
partnership, joint venture, unincorporated organization, limited liability
company, or other entity or enterprise or any government or any political
subdivision, department, agency or instrumentality thereof.

      “Plan” shall mean at any time an employee pension benefit plan (other than
a Multiemployer Plan) which is covered by Title IV of ERISA or subject to the
minimum funding standards under Section 302 of ERISA and Section 412 of the
Internal Revenue Code and either (i) is maintained by a Borrower and/or any
ERISA Affiliate for employees of a Borrower and/or any ERISA Affiliate or
(ii) has at any time within the preceding five years been maintained by a Borrower
and/or any ERISA Affiliate for employees of a Borrower and/or any ERISA
Affiliate.

-14-

For purposes of this Agreement, the term “Plan(s)” shall not include a
terminated employee pension benefit plan for which final distribution of assets
has been made in full compliance with the provisions of Section 4041(b) of
ERISA prior to the date of this Agreement, and for which the Internal Revenue
Service has issued a favorable determination letter regarding termination of
such plan.

      “PNC” shall mean PNC Bank, National Association, a national banking
association.

      “Portion” shall mean any Euro-Rate Portion, any Base Rate Portion or any
Bid Rate Portion.

      “Prime Rate” shall mean the rate of interest announced from time to time
by PNC at its principal office as its prime rate, which rate may not be the
lowest interest rate then being charged commercial borrowers by the Agent.

      “Pro Rata” shall mean (i) as to amounts due to or from any Bank (A) with
respect to advances from or repayments to the Banks under the Long Term
Revolving Credit Commitment, each such Bank’s Long Term Revolving Credit
Commitment Percentage of such advances or repayments, (B) with respect to
advances from or repayment to the Banks under the Short Term Revolving Credit
Commitment, each such Bank’s Short Term Revolving Credit Commitment Percentage
of such advances or repayments, and (C) with respect to the advances from or
repayments to Bid Rate Banks their respective proportionate shares of each such
Bid Rate Loan and (ii) with respect to all fees or costs due the Banks
hereunder, an amount equal to each such Bank’s (A) Long Term Revolving Credit
Commitment Percentage at the Date of Determination, or (B) Short Term Revolving
Credit Commitment Percentage at the Date of Determination as the case may be.

      “Ratings” shall mean the senior unsecured long term debt ratings of the
Borrower in effect from time to time by Moody’s or S&P.

      “RCRA” shall mean the Resource Conservation and Recovery Act, 42 U.S.C.
§6901 et seq. and the regulations adopted pursuant thereto, as the same may be
amended.

      “Reference Currency” shall have the meaning assigned to such term in the
definition of Equivalent Amount.

      “Reimbursement Obligation” shall have the meaning assigned to such term in
Section 2.11d(B).

      “Release” or “Released” shall mean any release, spill, discharge, leak or
disposal of any Hazardous Substance which occurs in a manner which is not in
compliance with an Environmental Law.

      “Rentals” shall mean all amounts (whether or not designated as rentals)
payable by a lessee under any lease (other than a Capitalized Lease) during a
specific period after

-15-

eliminating all inter-company items in accordance with GAAP. If and to the
extent the amount of any Rentals during any future period is not definitely
determinable under the lease in question, the amount of such Rentals shall be
estimated in such reasonable manner as the Board of Directors of the affected
Borrower may in good faith determine.

      “Reportable Event” shall mean a “reportable event” described in Section 4043(b)
of ERISA and the regulations thereunder other than an event described
in 29 C.F.R. Part 2615.14 for which the 30-day notice to the PBGC is waived.

      “Request for Disbursement” shall mean the request for Disbursement in
substantially the form of Exhibit “C” hereto, which shall be delivered to the
Banks by the Borrower in accordance with Subsection 2.3b.

      “Required Banks” shall mean Banks which in the aggregate hold at least 51%
of the sum of (i) the Long Term Revolving Credit Commitment and (ii) the Short
Term Revolving Credit Commitment or if any such Commitment has terminated, at
least 51% of the Loans (including Participation Advances) then outstanding.

      “Restatement Closing Date” shall mean the date on which each of the
conditions precedent set forth in Section 6.2 is satisfied.

      “S&P” shall mean Standard & Poor’s Rating Group, a division of
McGraw-Hill, Inc.

      “SEC” shall mean the Securities and Exchange Commission or any successor
agency.

      “Segment” shall mean each individual part of the Loans having a separate
Interest Period and bearing interest under the Euro-Rate Option or the Bid Rate
Option.

      “Short Term Facility Fee Rate” shall mean the rate per annum determined
from time to time based upon the Ratings in effect by S&P and Moody’s set forth
under the relevant column heading below opposite such Ratings:

	 	 	 	 	 	 	 	 	 
	

	RATINGS
	

			Short Term
			Facility Fee Rate
	S&P/Moody's		(in basis points per annum)
	
		

	A+/A1 or higher			6.5	
	
	
	
	

	A/A2 or higher but less than A+/A1			7.5	
	
	
	
	

	A-/A3 or higher but less than A/A2#			8.5	
	
	
	
	

	BBB+/Baa1 or higher but less than A-/A3			10.0	
	
	
	
	

	BBB/Baa2 or higher but less than BBB+/Baa1			12.5	
	
	
	
	

	BBB-/Baa3 or lower			15.0	

-16-

provided that, in the event that the Ratings of S&P and Moody’s do not
coincide, the Short Term Facility Fee Rate set forth above opposite the higher
of such Ratings will apply; and provided further, in the event that one Rating
is in effect, the Short Term Facility Fee Rate set forth above for such Rating
will apply. Notwithstanding the foregoing, in the event that no Ratings are in
effect at such time of determination, the Short Term Facility Fee Rate will be
determined in a manner to be mutually agreed upon by the Agent and the Borrower
and consented to by the Banks. The Short Term Facility Fee Rate shall be
adjusted if necessary as of the date of any change in the Ratings.

      “Short Term Revolving Credit Commitment” shall mean the several
obligations of the Banks, each in accordance with its Short Term Revolving
Credit Commitment Percentage, to make available to the Borrower the Short Term
Revolving Credit Loans, all as set forth in Section 2.2.

      “Short Term Revolving Credit Commitment Percentage” shall mean as to any
Bank, the percentage set forth opposite such Bank’s name on its signature page
hereto under the caption “Short Term Revolving Credit Commitment Percentage.”

      “Short Term Revolving Credit Loans” shall mean Disbursements made by the
Banks under the Short Term Revolving Credit Commitment which Disbursements in
the aggregate shall not exceed more than $200,000,000 at any one time
outstanding.

      “Short Term Revolving Credit Note” shall mean the evidence of Indebtedness
substantially in the form of Exhibit “B” hereto and all extensions, renewals,
amendments, substitutions and replacements thereto and thereof.

      “Solvent” shall mean, with respect to any Person on a particular date,
that on such date (i) the fair value of the property of such Person is greater
than the total amount of liabilities, including, without limitation, contingent
liabilities, of such Person, (ii) the present fair salable value of the assets
of such Person is not less than the amount that will be required to pay the
probable liability of such Person on its debts as they become absolute and
matured, (iii) such Person is able to realize upon its assets and pay its debts
and other liabilities, contingent obligations and other commitments as they
mature in the normal course of business, (iv) such Person does not intend to,
and does not believe that it will, incur debts or liabilities beyond such
Person’s ability to pay as such debts and liabilities mature, and (v) such
Person is not engaged in business or a transaction, and is not about to engage
in business or a transaction, for which such Person’s property would constitute
unreasonably small capital after giving due consideration to the prevailing
practice in the industry in which such Person is engaged or proposes to engage.
In computing the amount of contingent liabilities at any time, it is intended
that such liabilities will be computed at the amount which, in light of all the
facts and circumstances existing at such time, represents the amount that can
reasonably be expected to become an actual or matured liability.

-17-

      “SPC” shall have the meaning given it in Section 9.12a(ii).

      “Standby Letter of Credit” shall mean a Letter of Credit issued to support
obligations of the Borrower, contingent or otherwise, which finance the working
capital and business needs of the Borrower incurred in the ordinary course of
its business and which is not a Commercial Letter of Credit.

      Swingline Loan shall mean a disbursement made by the Agent to the Borrower
pursuant to Section 2.10.

      Swingline Loan Account shall mean the sub-account opened and maintained by
the Agent in the name of the Borrower pursuant to Section 2.15 and Section 2.10g.

      Swingline Note shall mean the promissory note of the Borrower evidencing
Indebtedness of the Borrower under the Swingline Option which note is
substantially in the form of Exhibit “E” to the Agreement, together with all
extensions, renewals, amendments, modifications, substitutions and replacements
thereto and thereof.

      Swingline Option shall mean the loan option between the Borrower and the
Agent pursuant to Section 2.10.

      “Subsidiary” of any Person at any time shall mean (i) any corporation or
trust of which 51% or more (by number of shares or number of votes) of the
outstanding Capital Stock or shares of beneficial interest normally entitled to
vote for the election of one or more directors or trustees (regardless of any
contingency which does or may suspend or dilute the voting rights) is at such
time owned directly or indirectly by such Person or one or more of such
Person’s Subsidiaries, (ii) any partnership of which such Person is a general
partner or of which 51% or more of the partnership interests is at the time
directly or indirectly owned by such Person or one or more of such Person’s
Subsidiaries, or (iii) any limited liability company of which such Person is a
member or of which 51% or more of the limited liability company interests is at
the time directly or indirectly owned by such Person or one or more of such
Person’s Subsidiaries.

      “Taxes” shall have the meaning given it in Section 2.21a.

      “Termination Date” shall mean (i) August 31, 2005, (ii) such earlier date
on which the Long Term Revolving Credit Commitment shall terminate pursuant to
Section 2.4 and the Long Term Revolving Credit Loans then outstanding shall be
paid in full in accordance with Section 2.1e, (iii) such later date as is
agreed to by the Borrower and the Banks pursuant to Subsection 2.1c hereof at
which time the Long Term Revolving Credit Commitment shall terminate and the
Long Term Revolving Credit Loans then outstanding shall be paid in full in
accordance with Section 2.1e, or (iv) such date when, pursuant to Article VII
hereof, the Long Term Revolving Credit Commitment shall terminate.

      “Termination Event” shall mean (i) a Reportable Event with respect to a
Plan (or an event described in Section 4068(f) of ERISA with respect to a
Plan), or (ii) the withdrawal of

-18-

the Borrower from a Plan during a plan year in which the Borrower was a
“substantial employer”, as such term is defined in Section 4001(a)(2) of ERISA,
or the incurrence of liability by the Borrower under Section 4064 of ERISA upon
the termination of a Plan, or (iii) the distribution of a notice of intent to
terminate a Plan pursuant to Section 4041(a)(2) of ERISA or the treatment of a
Plan amendment as a termination under Section 4041 of ERISA, or (iv) the
institution of proceedings to terminate a Plan by the PBGC under Section 4042
of ERISA, or (v) any other event or condition which might reasonably constitute
grounds under Section 4042 of ERISA for the termination of, or the appointment
of a trustee to administer, any Plan.

      “Voting Stock” shall mean stock of any class or classes (however
designated) the holders of which are ordinarily, in the absence of
contingencies, entitled to vote for the election of a majority of directors (or
persons performing similar functions) of the issuer thereof even though the
right so to vote has been suspended by the happening of such a contingency.

      “Withdrawal Liability” shall mean “withdrawal liability” as defined by the
provisions of Part 1 of Subtitle E to Title IV of ERISA.

      “Year 2000 Problem” shall have the meaning ascribed to it in Section 3.18.

1.2 Accounting Terms. All accounting terms used in this Agreement and not
otherwise defined herein shall have the respective meanings given to such terms
under GAAP, and shall be construed in accordance with GAAP.

1.3 Construction. Unless the context of this Agreement otherwise clearly
requires, the following rules of construction shall apply to this Agreement and
each of the other Loan Documents:

		
	 	      (i) Number: Inclusion. References to the plural include the
singular, the singular the plural and the part the whole, “or” has the
inclusive meaning represented by the phrase “and/or,” and “including” has
the meaning represented by the phrase “including without limitation.”
	 
	 	      (ii) Determination. References to “determination” of or by the Agent
or the Banks shall be deemed to include good faith estimates by the Agent
or the Banks (in the case of quantitative determinations) and good faith
beliefs by the Agent or the Banks (in the case of qualitative
determinations) and such determination shall be conclusive absent
manifest error.
	 
	 	      (iii) Discretion and Consent. Whenever the Agent or the Banks are
granted the right herein to act in its or their sole discretion or to
grant or withhold consent such right shall be exercised in good faith.
	 
	 	      (iv) Documents Taken as a Whole. The words “hereof,” “herein,”
“hereunder”, “hereto” and similar terms in this Agreement or any other
Loan Document refer to this Agreement or such other Loan Document as a
whole and not to any particular provision of this Agreement or such other
Loan Document.

-19-

		
	 	      (v) Headings. The article, section and other headings contained in
this Agreement or such other Loan Documents and the Table of Contents (if
any) preceding this Agreement or such other Loan Document are for
reference purposes only and shall not control or affect the construction
of this Agreement or such other Loan Document or the interpretation
thereof in any respect.
	 
	 	      (vi) Implied References. Article, section, subsection, item, clause,
schedule and exhibit references are to this Agreement or to such other
Loan Document, as the case may be, unless otherwise specified.
	 
	 	      (vii) Persons. Reference to any Person includes such Person’s
successors and assigns, but, if applicable, only if such successors and
assigns are permitted by this Agreement or another Loan Document, as the
case may be, and reference to a Person in a particular capacity excludes
such Person in any other capacity.
	 
	 	      (viii) Government Acts and Agreements. Reference to any Governmental
Acts, agreement or contract includes such Governmental Acts, agreement or
contract as the same may be amended, supplemented, modified, extended,
waived, consolidated, replaced or renewed from time to time, but only to
the extent permitted by, and effected in accordance with, the terms
thereof and of this Agreement and the other Loan Documents.
	 
	 	      (ix) From, To and Through. Relative to the determination of any
period of time, “from” means “from and including”, “to” means “to but
excluding”, and “through” means “through and including”.
	 
	 	      (x) Shall; Will. References to “shall” and “will” are intended to
have the same meaning.
	 
	 	      (xi) Writing; Written. References to “writing” include printing,
typing, lithography and other means of reproducing words in a tangible
visible form. References to “written” include “printed”, “typed”,
“lithographed” and other adjectives relating to words reproduced in a
tangible visible form consistent with the preceding sentence and also
include electronic images and images stored on computer disks, magnetic
tape and like media.
	 
	 	      (xii) “To Borrower’s knowledge” means the actual knowledge of the
corporate officers of the Borrower whose offices are in Findlay, Ohio.

ARTICLE II. THE LOANS.

2.1 Long Term Revolving Credit Commitment.

2.1a Long Term Revolving Credit Loans. The Banks severally agree, subject to

the terms and conditions hereof and relying upon the representations and

warranties herein set forth,

-20-

that the Borrower shall have the right to borrow, repay and reborrow from the
Restatement Closing Date until the Termination Date in either Dollars or an
Optional Currency an aggregate principal amount not to exceed the Dollar
Equivalent amount of $150,000,000 at any one time outstanding less Letters of
Credit Outstanding. Each Bank, from time to time from the Restatement Closing
Date to the Termination Date severally will lend to the Borrower at the
principal office of the Agent in Pittsburgh, Pennsylvania, or at such location
as the Agent may direct, amounts not exceeding the Dollar or Dollar Equivalent
amount or percentage set forth in Subsection 2.1b opposite such Bank’s name
minus such Bank’s Pro Rata share of the Letters of Credit Outstanding;
provided, however, in no event (except as to Bid Rate Loans made pursuant to
Section 2.5 hereof) shall any Bank be required to advance an amount in excess
of the Dollar or Dollar Equivalent amount or percentage set forth opposite such
Bank’s name on such Bank’s signature page hereto; and provided, further, that
if any Bank fails to advance to the Borrower that Bank’s Pro Rata share of any
Disbursement, the remaining Banks shall not be required to advance to the
Borrower the defaulting Bank’s Pro Rata share of such Disbursement.

2.1b Individual Long Term Revolving Credit Loan Commitments. Subject to the
provisions of Sections 2.4 and 2.5b hereof, each Bank shall be individually
committed to the Borrower for each Bank’s Long Term Revolving Credit Commitment
Percentage as set forth opposite such Bank’s name on the signature page hereto
for such Bank, as adjusted from time to time to reflect any assignment made
pursuant to Section 9.12(a)(i).

2.1c Extension of the Term of the Long Term Revolving Credit Commitment. The
Borrower, prior to June 30, 2001, and prior to each subsequent June 30 during
the term of the Long Term Revolving Credit Commitment, when the remaining term
of the Long Term Revolving Credit Commitment (whether the original term as set
forth in Subsection 2.1a or any extended term as provided hereby) is
approximately fifty (50) months, may request, by written notice executed by an
Authorized Officer and delivered to the Agent, an extension or further
extension of the Long Term Revolving Credit Commitment for an additional
one-year period and a corresponding alteration of the Termination Date. The
Agent, upon receiving any request referred to above, shall immediately forward
such request to each of the Banks. If all of the Banks agree to the requested
extension of the Long Term Revolving Credit Commitment, the Agent shall
communicate this information to the Borrower in writing no later than August
15th of the year in which such request was received. Each extension of the
Long Term Revolving Credit Commitment shall be effective only for an additional
one-year period from August 31st to the succeeding August 30th. If the
Borrower has made its request for an extension of the Long Term Revolving
Credit Commitment in a timely manner and the Borrower has not received an
affirmative response by August 15th of the year in which such request is made,
such request shall be deemed denied. The foregoing sentence notwithstanding,
the Agent agrees that it shall endeavor to communicate a negative response to
any such request to the Borrower within five (5) Business Days after the Agent
knows that any such request has been denied.

2.1d Long Term Revolving Credit Notes. The obligation of the Borrower to repay
on or before the Termination Date the aggregate unpaid principal amount of the
Long Term Revolving Credit Loans and interest thereon shall be evidenced by the
Long Term Revolving Credit Notes, substantially in the form of Exhibit “A”
attached hereto and drawn by the Borrower to the order of each Bank in the
maximum amount of the Bank’s Long Term Revolving Credit

-21-

Commitment. The principal amount actually due and owing to each Bank at any
one time shall be the aggregate unpaid principal amount of all Disbursements
made by such Bank pursuant to its Long Term Revolving Credit Commitment, all as
shown on the Loan Account established pursuant to Section 2.15 hereof. Each
Long Term Revolving Credit Note shall be dated the Restatement Closing Date and
shall be delivered to the Agent on behalf of the Banks on such date. The
outstanding Long Term Revolving Credit Loans shall bear interest in accordance
with the provisions of Section 2.6.

2.1e Repayment. On the Termination Date, the Borrower shall repay in full all
amounts outstanding under the Long Term Revolving Credit Commitment together
with all interest thereon to the date of such repayment and all costs and fees
and costs due hereunder in respect of the Long Term Revolving Credit
Commitment.

2.2 Short Term Revolving Credit Commitment.

2.2a Short Term Revolving Credit Loans. The Banks severally agree, subject to
the terms and conditions hereof and relying on the representations and
warranties set forth herein, that the Borrower shall have the right to borrow,
repay and reborrow from the Restatement Closing Date until the Maturity Date in
Dollars an aggregate principal amount not to exceed $200,000,000 at any one
time outstanding less Swingline Loans outstanding. Each Bank from time to time
from the Restatement Closing Date to the Maturity Date, severally will lend to
the Borrower at the principal office of the Agent in Pittsburgh, Pennsylvania,
amounts not exceeding the amount (less such Bank’s pro rata share of Swingline
Loans outstanding) or percentage opposite such Bank’s name on such Bank’s
signature page hereto; provided, however, in no event (except as to Bid Rate
Loans made pursuant to Section 2.5 hereof) shall any Bank be required to
advance an amount in excess of the Dollar amount set forth in Subsection 2.2b
opposite such Bank’s name (less such Bank’s pro rata share of Swingline Loans
outstanding); and provided, further, that if any Bank fails to advance to the
Borrower that Bank’s Pro Rata share of any Disbursement, the remaining Banks
shall not be required to advance to the Borrower the defaulting Bank’s Pro Rata
share of such Disbursement.

2.2b Individual Short Term Revolving Credit Commitments. Subject to the
provisions of Section 2.4 and 2.5b hereof, each Bank shall be individually
committed to the Borrower for each Bank’s Short Term Revolving Credit
Commitment Percentage as set forth opposite such Bank’s name on the signature
page hereto for such Bank as adjusted from time to time to reflect any
assignment made pursuant to Section 9.12(a)(i).

2.2c Extension of Maturity Date. (i) The Borrower, prior to June 30, 2001, and
prior to each subsequent June 30 thereafter during the term of the Short Term
Revolving Credit Commitment, when the remaining term of the Short Term
Revolving Credit Commitment (whether the original term or any extended term as
provided hereby) is approximately two (2) months, may request, by written
notice executed by an Authorized Officer and delivered to the Agent, an
extension or further extension of the Short Term Revolving Credit Commitment
for an additional period of one day less than a year and a corresponding
alteration of the Maturity Date. The Agent, upon receiving any request
referred to above, shall immediately forward such request to each of the Banks.
If all of the Banks agree to the requested extension of the Short Term

-22-

Revolving Credit Commitment and the corresponding alteration of the Maturity
Date, the Agent shall communicate this information to the Borrower in writing
not earlier than thirty (30) days nor later than fifteen (15) days prior to the
Maturity Date of the year in which such request was received.

      (ii) The failure of the Borrower to request or to be granted the extension
of the Short Term Revolving Credit Commitment shall automatically terminate the
Short Term Revolving Credit Commitment as of the Maturity Date then in effect.
The foregoing sentence notwithstanding, the Agent agrees that it shall endeavor
to communicate a negative response to any such request to the Borrower within
five (5) Business Days after the Agent knows that any such request has been
denied.

2.2d Short Term Revolving Credit Notes. The obligation of the Borrower to
repay the aggregate unpaid principal amount of the Short Term Revolving Credit
Loans and interest thereon shall be evidenced by the Short Term Revolving
Credit Notes, in substantially the form of Exhibit “B” attached hereto drawn by
the Borrower to the order of each Bank in the maximum amount of such Bank’s
Short Term Revolving Credit Commitment. The principal amount actually due and
owing to a Bank at any one time shall be the aggregate unpaid principal amount
of all Disbursements made by such Bank pursuant to the Short Term Revolving
Credit Commitment, all as shown on the Loan Account established pursuant to
Section 2.15 hereof. Each Short Term Revolving Credit Note shall be dated the
Restatement Closing Date and shall be delivered to the Agent on behalf of the
Banks on such date. The outstanding Short Term Revolving Credit Loans shall
bear interest in accordance with the provisions of Section 2.6.

2.2e Repayment. On the Payment Date, the Borrower shall repay in full all
amounts outstanding under the Short Term Revolving Credit Commitment, together
with all interest thereon to the date of such repayment and all fees and costs
due hereunder in respect of the Short Term Revolving Credit Commitment.

2.3 Disbursements and Repayments.

2.3a Borrowings. Each Disbursement of the Long Term Revolving Credit Loans or
the Short Term Revolving Credit Loans, as the case may be, repayment thereof
and subsequent reborrowing shall be made from or to the Banks ratably in
proportion to their respective Commitments set forth in Subsections 2.1b and
2.2b (except as provided in Section 2.11d(B) and shall be in an aggregate
Dollar amount of $1,000,000 or if in excess of $1,000,000 in integral multiples
of $1,000,000; provided, however, that if a Disbursement is to bear interest at
the Euro-Rate Option then such Disbursement must be in the amounts required by
Subsection 2.6d.

2.3b Disbursement Request. Each request for a Disbursement under Section 2.1
or 2.2 shall be made to the Agent by an Authorized Officer of the Borrower
orally or in writing pursuant to the execution and delivery by the Borrower to
the Agent of a Request for Disbursement, substantially in the form of Exhibit
“C” hereto, (A) except for any Request for Disbursement made pursuant to
Subsection 2.5d hereof, by 10:00 A.M. (Pittsburgh, Pennsylvania time) on the
date of the proposed Disbursement if the Disbursement is initially to bear
interest at the Base Rate Option, (B) by 10:00 A.M. (Pittsburgh, Pennsylvania
time) at least three (3)

-23-

Business Days prior to the proposed Disbursement with respect to Loans made in
Dollars if the Disbursement or any part thereof is to initially bear interest
at the Euro-Rate Option, or (C) by 10:00 A.M. (Pittsburgh, Pennsylvania time)
at least four (4) Business Days prior to the proposed Disbursement with respect
to Long Term Revolving Credit Loans funded in an Optional Currency (which Loans
must bear interest at the Euro-Rate Option), in each case specifying whether
the Disbursement is under the Long Term Revolving Credit Commitment or the
Short Term Revolving Credit, as applicable, the proposed borrowing date and the
Dollar or Dollar Equivalent (if applicable) amount thereof, selecting the
interest rate Option therefor pursuant to Subsection 2.6 hereof, if
appropriate, selecting the Interest Period therefor and for Long Term Revolving
Credit Loans to be funded in an Optional Currency, the currency in which the
Disbursement is to be funded. Any oral request for a Disbursement hereunder
shall be followed immediately by the Borrower’s written Request for
Disbursement. A request from the Borrower pursuant to this Section 2.3b with
respect to a Disbursement or any part thereof which is initially to bear
interest at the Euro-Rate Option, shall irrevocably commit the Borrower to
accept such Disbursement on the date specified in such request. Promptly upon
receipt of such notice, the Agent shall notify each Bank of the Borrower’s
request and the amount of such requested Disbursement which is to be advanced
by such Bank. Each such Bank shall make its Pro Rata share of such
Disbursement available at the Agent’s principal office in immediately available
funds no later than 3:00 p.m. (Pittsburgh, Pennsylvania time) on the date of
the requested Disbursement.

2.3c Repayments. Each repayment of the Long Term Revolving Credit Loans or the
Short Term Revolving Credit Loans (other than a repayment which entirely repays
all such Loans then outstanding, whether on the Termination Date, the Payment
Date or otherwise) shall be in the Dollar or Dollar Equivalent amount of
$1,000,000 or if in excess of $1,000,000, in integral multiples of $1,000,000,
all in the currency in which such Loan was made; provided,
however, if such
repayment is to repay Long Term Revolving Credit Loans or the Short Term
Revolving Credit Loans bearing interest at the Euro-Rate Option then such
repayment must be in the amounts required by Subsection 2.6d.

2.4 Reduction of Long Term Revolving Credit Commitment or Short Term Revolving
Credit Commitment. At any time and from time to time upon at least five (5)
Business Days’ prior written notice to the Agent, the Borrower may terminate,
in whole or in part, without penalty, the then unused portion of the Long Term
Revolving Credit Commitment and/or the Short Term Revolving Credit Commitment,
thereby causing a corresponding abatement of the relevant Facility Fee;
provided, however, that (i) the Borrower may not terminate an unused portion of
the Long Term Revolving Credit Commitment or the Short Term Revolving Credit
Commitment, as the case may be, such that the Long Term Revolving Credit
Commitment or the Short Term Revolving Credit Commitment is reduced below the
principal amount of any Bid Rate Loans then outstanding under the applicable
Commitment, (ii) the Borrower may not terminate an unused portion of the Long
Term Revolving Credit Commitment such that the Long Term Revolving Credit
Commitment is reduced below the Letters of Credit Outstanding, and (iii) the
Long Term Revolving Credit Commitment and/or the Short Term Revolving Credit
Commitment shall terminate without the necessity for further action on behalf
of the Borrower, the Agent or the Banks if such commitment is reduced to $0.
Each such reduction shall be in a minimum principal amount of $10,000,000 or,
if in excess of $10,000,000, in integral multiples

-24-

of $1,000,000. The relevant Facility Fee shall cease to accrue with respect to
the portion of the relevant Long Term Revolving Credit Commitment or the Short
Term Revolving Credit Commitment so terminated five (5) Business Days after
receipt of such notice or the date of such reduction whichever is later.
Notice of termination once given shall be irrevocable and the portion of the
Long Term Revolving Credit Commitment or the Short Term Revolving Credit
Commitment so terminated shall not be available for borrowing once such notice
has been given under the terms hereof. The Agent shall promptly notify each
Bank of its Pro Rata share of such terminated unused portion and the date of
each such termination.

2.5 Bid Rate Loans.

2.5a Bid Rate. Subject to the provisions of this Section 2.5, each Bank agrees
the Borrower may request from any Bank Bid Rate Loans, in an aggregate amount
at any one time outstanding not to exceed $350,000,000, bearing interest at the
Bid Rate Option. No Bid Rate Loan shall be made in an Optional Currency.

2.5b Reduction of Available Commitments. While each such Bid Rate Loan is
outstanding hereunder, the outstanding principal amount thereof shall reduce
correspondingly availability under either or both of (i) the Long Term
Revolving Credit Commitment and (ii) the Short Term Revolving Credit
Commitment, as applicable, and shall reduce, as to each Bank availability under
either or both of (i) that Bank’s Long Term Revolving Credit Commitment or (ii)
that Bank’s Short Term Revolving Credit Commitment, as applicable, by an amount
equal to such Bank’s Pro Rata share of the aggregate outstanding principal
balance of Bid Rate Loans issued by any Bank.

2.5c Limitations on and Evidence of Bid Rate Loans. Except as provided under
Section 2.5d(iii)(B) hereof, each Bid Rate Loan or repayment of a Bid Rate Loan
must be in the minimum principal amount of $5,000,000 or, if in excess of
$5,000,000, in integral multiples of $1,000,000. The obligation of the
Borrower to repay, on the Termination Date (if the Borrower has requested a
Disbursement under the Long Term Revolving Credit Commitment), the aggregate
unpaid principal amount of such Bid Rate Loans advanced by each Bank shall be
evidenced by the Bid Rate Notes substantially in the form of Exhibit “D-1”
hereto, one made payable to each Bank in the amount of $150,000,000. The
obligation of the Borrower to repay, on the Payment Date (if the Borrower has
requested the Disbursement under the Short Term Revolving Credit Commitment),
the aggregate unpaid principal amount of such Bid Rate Loans advanced by each
Bank shall be evidenced by the Bid Rate Notes substantially in the form of
Exhibit “D-2” hereto, one made payable to each Bank in the amount of
$200,000,000. The Borrower shall have, with the prior written consent of the
Bank making such Bid Rate Loan, the right to prepay any Bid Rate Loan prior to
the end of the relevant Bid Rate Interest Period. The Borrower shall repay
each individual Bid Rate Loan, together with interest thereon on the last day
of the Bid Rate Interest Period applicable to it. The principal amount
actually due and owing each Bank shall be the aggregate unpaid principal amount
of all Disbursements of Bid Rate Loans made by such Bank, all as shown on the
Loan Account established pursuant to Section 2.15 hereof.

-25-

2.5d Bid Rate Loan Procedure.

      (i) The Borrower may request Bid Rate quotations by delivering to the
Agent in writing a Bid Rate Loan Request before 12:00 Noon (Pittsburgh,
Pennsylvania time) at least one (1) Business Day prior to the date of the
proposed Disbursement.

      (ii) Each Bank, if in its sole discretion it elects to do so, shall
irrevocably offer to make one or more Bid Rate Loans at a rate or rates of
interest specified by such Bank for such Bid Rate Interest Period by notifying
the Borrower and the Agent before 10:00 A.M. (Pittsburgh, Pennsylvania time) on
the date of the proposed Disbursement; provided, however any offer made by PNC
shall be submitted by 9:45 P.M. (Pittsburgh, Pennsylvania time).

      (iii) The Borrower, as soon as possible but in any event before 11:00 A.M.
(Pittsburgh, Pennsylvania time) on the date of such proposed Bid Rate Loan
specified in the applicable Bid Rate Loan Request shall either:

		
	 	      (A) cancel such Bid Rate Loan Request by giving the Agent
notice to that effect; or
	 
	 	      (B) accept one or more of the offers made by any Bank or Banks
pursuant to clause (ii) above, by giving notice to the Agent of
each Bid Rate Loan, including the amount (which amount shall be
equal to or less than the maximum amount offered by each such Bank
or Banks), type of Commitment to be borrowed against, rate and
maturity thereof, and reject any remaining offers made pursuant to
clause (ii) above by giving the Agent notice to that effect;
provided, however, (1) each offer shall be accepted in order of
ascending Bid Rate applicable to such Bid Rate Loans and (2) if two
or more Banks submit offers at identical terms and conditions and
the Borrower accepts any such offers, but does not wish to borrow
the total amount offered by such Banks, the Borrower shall accept
offers from all such Banks on amounts allocated among them
proportionately according to the amounts offered by such Banks.

If the Borrower does not notify the Agent of its decision under item (i) or
(ii) above by 11:00 A.M. (Pittsburgh, Pennsylvania time), such failure shall be
deemed a cancellation of such Bid Rate Request.

      (iv) If the Borrower notifies the Agent that such Bid Rate Loan Request is
cancelled pursuant to clause (iii)(A) above, the Agent shall give prompt notice
thereof to the Banks and the Bid Rate Loans requested thereby shall not be
made.

      (v) If the Borrower accepts one or more of the offers made by any Bank
pursuant to clause (iii)(B) above, the Agent shall in turn promptly notify (A)
each Bank of the date of such Bid Rate Loan, and the aggregate amount, interest
rate, type of Commitment to be borrowed against and maturity of such Bid Rate
Loan and whether or not any offer or offers made by such Bank pursuant to
clause (ii) above have been accepted by the Borrower and (B) each Bank which is
to make a Bid Rate Loan, of the amount of each Bid Rate Loan to be made

-26-

by such Bank. Each Bank which is to make a Bid Rate Loan shall, before
1:00 p.m. (Pittsburgh, Pennsylvania time) on the date of such Bid Rate Loan
specified in the notice received from the Agent pursuant to clause (A) of the
preceding sentence or any later time when such Bank shall have received notice
from the Agent pursuant to clause (B) of the preceding sentence, make available
to the Agent such Bank’s Bid Rate Loan, in immediately available funds.
Promptly after 1:00 p.m. (Pittsburgh, Pennsylvania time) and in any event
before 3:00 p.m. (Pittsburgh, Pennsylvania time) on each date of the making of
Bid Rate Loans, the Agent shall make the aggregate amount available to the
Borrower.

2.5e Bid Rate Loan Interest. Interest on the Bid Rate Loans shall accrue at
the rate per annum agreed upon between the Bank or Banks making such Bid Rate
Loans and the Borrower pursuant to the Bid Rate selection procedures set forth
in Subsection 2.5d above. Upon the occurrence of an Event of Default under
Section 7.1, and during the continuance of such Event of Default, the interest
rate on outstanding Bid Rate Loans shall be adjusted in accordance with the
provisions of Subsection 2.6b. The Agent shall provide the Borrower with
written notice of the effectiveness of such increased rate of interest based on
the occurrence of an Event of Default as soon as practicable thereafter, but
the failure of the Agent to provide such notice shall not negate the
effectiveness of such increased rate.

2.5f Bid Rate Option Borrowing in Event of Bid Rate Loan. Following each Bid
Rate Loan Request accepted pursuant to Section 2.5d and each Bid Rate Loan made
pursuant thereto, the Borrower may not submit another Bid Rate Loan Request for
a period of four (4) Business Days from the date of Disbursement of each Bid
Rate Loan which period shall include the date of Disbursement.

2.5g Base Rate Option Borrowing in Event of Cancelled Bid Rate Loan Request.
In the event of cancellation by the Borrower of a Bid Rate Loan Request
pursuant to item (iii)(A) of Subsection 2.5d, the Borrower may, before 11:00
A.M. (Pittsburgh, Pennsylvania time) on the day of such cancellation, submit to
the Agent a request for a Disbursement under the Long Term Revolving Credit
Commitment or the Short Term Revolving Credit Commitment to be made on the day
of such cancellation and to bear interest at the Base Rate Option. The Agent
shall use its best efforts to notify the Banks of each such request for a
Disbursement, and the Banks shall use their best efforts to make their
respective Pro Rata shares of such Disbursement available at the office of the
Agent prior to 12:00 Noon (Pittsburgh, Pennsylvania time) on the date of such
Disbursement.

2.5h Maximum Bid Rate Amount. The total amount of Bid Rate Loans outstanding
at any one time plus (i) all outstanding and unpaid Disbursements and (ii)
Letters of Credit Outstanding shall not exceed in the aggregate at any one time
outstanding of $350,000,000.

-27-

2.6 Long Term Revolving Credit Loan and Short Term Revolving Credit Loan Interest Rates.

2.6a Interest Rate Options.

      (i) Long Term
Revolving Credit Loans. During the term hereof and prior to
the Termination Date, in accordance with the provisions of Subsections 2.6c and
2.6d, the Borrower shall have the option of electing from time to time one or
more of the interest rate formulas set forth below to be applied by the Banks
to amounts then outstanding under Long Term Revolving Credit Loans. In
addition, prior to the Termination Date, the Borrower shall have the right to
implement the Bid Rate Loan procedure set forth in Section 2.5 hereof. The
actual interest rates hereunder shall also be adjusted in accordance with
Section 2.6b hereof.

		
	 	      (A) Base Rate Option. Interest under this Option shall accrue
at a rate per annum equal to the Base Rate. The actual interest
rate in effect under this Option shall be adjusted on the effective
date of any change in the Base Rate. The Base Rate Option is not
available for Optional Currency Loans.
	 
	 	      (B) Euro-Rate Option. Interest under this Option shall accrue
for any Euro-Rate Interest Period selected at a rate per annum
equal to the sum of the Euro-Rate plus the Applicable Long Term
Margin, and shall be adjusted as of the date of any change of
Ratings, if necessary.

      (ii) Short Term Revolving Credit Loans. During the term hereof and prior
to the Payment Date, in accordance with the provisions of Subsections 2.6c and
2.6d, the Borrower shall have the option of electing from time to time one or
more of the interest rate formulas set forth below to be applied by the Banks
to amounts then outstanding under Short Term Revolving Credit Loans. In
addition, prior to the Maturity Date, the Borrower shall have the right to
implement the Bid Rate Loan procedure set forth in Section 2.5 hereof. The
actual interest rates hereunder shall also be adjusted in accordance with
Section 2.6b hereof.

		
	 	      (A) Base Rate Option. Interest under this Option shall accrue
at a rate per annum equal to the Base Rate. The actual interest
rate in effect under this Option shall be adjusted on the effective
date of any change in the Base Rate.
	 
	 	      (B) Euro-Rate Option. Interest under this Option shall accrue
for any Euro-Rate Interest Period selected at a rate per annum
equal to the sum of the Euro-Rate plus the Applicable Short Term
Margin, and shall be adjusted as of the date of any change of
Ratings, if necessary.

-28-

2.6b Interest Rate Upon Default.

      (i) (A) Upon the occurrence of an Event of Default under Section 7.1, and
during the continuance of such Event of Default, or (B) upon the acceleration
of the Bank Indebtedness for any reason hereunder, interest under the Base Rate
Option, the Euro-Rate Option, the Bid Rate Option or the Swingline Loan Option
shall be 2% per annum (200 basis points) in excess of the applicable interest
rate then in effect.

      (ii) Upon receipt by the Borrower of notice from the Agent of the
occurrence of an Event of Default under Section 7.2 and during the continuance
of such Event of Default, interest under the Base Rate Option, the Euro-Rate
Option, the Bid Rate Option or the Swingline Loan Option shall be 2% per annum
(200 basis points) in excess of the applicable interest rate then in effect.

      (iii) The provisions of the immediately preceding items (i) and (ii) to
the contrary notwithstanding, if (A) the Borrower has not given notice to the
Banks of an Event of Default in accordance with the provisions of Section 9.5
and (B) the Banks, after becoming aware of such Event of Default and based on
such Event of Default, wish to impose the default rate of interest in
accordance with either of the preceding items (i) and (ii), such default rate
of interest shall be effective as of the first day on which such default rate
would have been in effect had the Borrower given such notice in accordance with
the provisions of Section 9.5.

2.6c Interest Rate Option Elections. The Borrower shall have the option to
elect to have all or any Portion of the Dollar funded Long Term Revolving
Credit Loans or the Short Term Revolving Credit Loans bear interest at either
the Base Rate Option or the Euro-Rate Option, subject, however to the other
provisions of this Agreement. Notice of the Borrower’s election shall be made
to the Agent orally or in writing by 10:00 A.M. (Pittsburgh, Pennsylvania time)
at least (i) except as set forth in Subsection 2.5g hereof, on the proposed
effective date of such election, if such election is the election of the Base
Rate Option; and, (ii) three (3) Business Days prior to the proposed effective
date of such election, if such election is the election of the Euro-Rate
Option. Each such notice of election shall specify the Option and the amount
of the Long Term Revolving Credit Loans or Short Term Revolving Credit Loans to
bear interest at such Option, and in the case of the selection of the Euro-Rate
Option, the Interest Period therefor. Upon receipt of each such notice from
the Borrower, the Agent shall promptly notify each of the Banks. Any oral
notice of election hereunder shall be followed immediately by the Borrower’s
written confirmation of such interest rate election. Elections of or
conversions to the Base Rate Option shall continue in effect until converted as
herein set forth. Elections of, conversions to or renewals of the Euro-Rate
Option shall expire as to each such Option at the expiration of the applicable
Interest Period; provided, however, that in relation to any Long Term Revolving
Credit Loans, no Interest Period for the Euro-Rate Option may be elected,
converted or renewed if such Interest Period will extend beyond the Termination
Date or so long as an Event of Default has occurred and is continuing; and
provided further, that in relation to any Short Term Revolving Credit Loans, no
Interest Period for the Euro-Rate Option may be elected, converted or renewed
if such Interest Period will extend beyond the Payment Date or so long as an
Event of Default has occurred and is continuing. Any Portion of any Dollar
funded Loan outstanding for which no Interest Rate Option election has been
made shall bear interest at the Base Rate Option.

-29-

Any Segment of any Loan bearing interest at the Euro-Rate, for which no
Euro-Rate Interest Period has been made shall have a Euro-Rate Interest Period
of one month. Each Segment of each Optional Currency funded Long Term
Revolving Credit Loan shall bear interest at the Euro-Rate Option, subject,
however, to the other provisions of this Agreement.

2.6d Limitation on Election of Euro-Rate Options. Each election of the
Euro-Rate Option for a Portion of the Long Term Revolving Credit Loans or Short
Term Revolving Credit Loans bearing interest at the Euro-Rate Option must be in
the minimum principal amount of $5,000,000 (or, in the case of Long Term
Revolving Credit Loans funded in an Optional Currency, the Dollar Equivalent
thereof) or, if in excess of $5,000,000 (or the Dollar Equivalent thereof), in
integral multiples of $1,000,000 (or the Dollar Equivalent thereof). Any
minimum amount of an election of the Euro-Rate Option hereunder may be
comprised, in whole or in part, of (i) existing Long Term Revolving Credit
Loans or Short Term Revolving Credit Loans bearing interest at the Base Rate
Option or the Euro-Rate Option (provided the Interest Period relating thereto
shall expire immediately prior to the commencement of the new Interest Period),
(ii) the previously undisbursed portion of the Long Term Revolving Credit
Commitment or the Short Term Revolving Credit Commitment or (iii) any
combination of the amounts described in the immediately preceding items (i) and
(ii). At no time during the term hereof may there be more than six (6)
separate Interest Periods in effect relating to Long Term Revolving Credit
Loans and no more than six (6) separate Interest Periods for Short Term
Revolving Credit Loans.

2.7 Special Provisions Relating to Euro-Rate Options and Bid Rate Loans.

2.7a Euro-Rate Unascertainable. In the event that on any date on which a
Euro-Rate would otherwise be set, the Agent shall have determined in good faith
(which determination shall be final and conclusive) that by reason of
circumstances affecting the interbank Eurodollar or eurocurrency market
adequate and reasonable means do not exist for ascertaining the Euro-Rate, the
Agent shall give prompt notice of such determination to the Borrower and the
Banks, and until the Agent notifies the Borrower and the Banks that the
circumstances giving rise to such determination no longer exist, the right of
the Borrower to borrow under or renew such affected Option shall be suspended.
Any notice of borrowing under or renewal of such affected Option which was to
become effective during the period of such suspension shall be treated as a
request to borrow under or renew the Base Rate Option with respect to the
principal amount therein specified; subject, however, to the right of the
Borrower to borrow or renew such amount at any other Option if then available,
pursuant to Section 2.6.

2.7b Illegality of Offering Euro-Rate. If any Bank shall determine in good
faith (which determination shall be final and conclusive) that compliance by
such Bank with any applicable law, treaty or governmental rule, regulation,
guideline, order, request or directive (whether or not having the force of
law), or the interpretation or application thereof by any governmental or
monetary authority, adopted after the Original Closing Date, has made it
unlawful for such Bank to make or maintain its Loans under the Euro-Rate
Option, such Bank shall give notice of such determination to the Borrower and
the Agent. Notwithstanding any provision of this Agreement to the contrary,
unless and until such Bank shall have given notice that the circumstances
giving rise to such determination no longer apply:

-30-

      (i) with respect to any Euro-Rate Interest Periods, thereafter commencing,
interest on such Bank’s Pro Rata share of the corresponding Euro-Rate Portion
shall be computed and payable in Dollars under the Base Rate Option; and

      (ii) on such date, if any, as shall be required by law, such Bank’s Pro
Rata share of any Euro-Rate Portions, then outstanding shall be automatically
renewed at the Base Rate Option in Dollars and the Borrower shall pay to such
Bank the accrued and unpaid interest on such Portions to (but not including)
such renewal date.

      The Borrower shall pay any Bank any additional amounts reasonably
necessary to compensate such Bank (on an after-tax basis) for any out-of-pocket
costs incurred by such Bank as a result of any renewal pursuant to clause (ii)
above on a day other than the last day of the relevant Interest Period,
including, but not limited to, any interest or fees payable by such Bank to
lenders of funds obtained by it to loan or maintain the lending of the Loans so
converted. Such Bank shall furnish to the Borrower and the Agent a certificate
showing the calculation of the amount necessary to compensate such Bank (on an
after-tax basis) for such costs (which certificate, in the absence of manifest
error, shall be conclusive), and the Borrower shall pay such amount to such
Bank, as additional consideration hereunder, within ten (10) days of the
Borrower’s receipt of such certificate.

2.7c Inability to Offer Euro-Rate. In the event that any Bank shall determine,
in its reasonable discretion, that it is unable to obtain deposits in the
interbank eurodollar market in sufficient amounts and with maturities related
to such Euro-Rate Portions which would enable such Bank to fund such Euro-Rate
Portions, then such Bank shall immediately notify the Agent of such inability.
The Agent, upon receipt of such notice, shall notify the Borrower that the
right of the Borrower to borrow under, convert to or renew the Euro-Rate Option
or select an Optional Currency from such Bank shall be suspended. Following
notification of the suspension of the Euro-Rate Option with respect to any
Bank, the Borrower agrees to negotiate with such Bank for a modified Euro-Rate
which will allow such Bank to realize its anticipated and bargained for yield.
In the event that the Borrower and the affected Bank cannot agree on a modified
Euro-Rate, any notice of borrowing under, conversion to or renewal of the
Euro-Rate Option which was to become effective during the period of suspension
shall be treated as a request to borrow under, convert to or renew the Base
Rate Option in Dollars with respect to the principal amount specified therein
attributable to the affected Bank. The affected Bank shall notify the Agent as
to whether such Bank and the Borrower have agreed on a modified Euro-Rate.

2.7d Yield Protection. If any law, rule, regulation, treaty or official
directive or the interpretation or application thereof by any Governmental
Person charged with the administration thereof or the compliance with any
guideline or request from any central bank or other Governmental Person,
adopted after the Original Closing Date, (whether or not having the force of
law):

      (i) subjects any Bank to any tax, levy, impost, charge, fee, duty,
deduction or withholding of any kind hereunder (other than any tax imposed or
based upon the income of such Bank and payable to any governmental or taxing
authority in the United States of America or any state thereof or any foreign
jurisdiction) or changes the basis of taxation of such Bank with

-31-

respect to payments by the Borrower of principal, interest or other
amounts due from the Borrower hereunder (other than any change which affects,
and to the extent that it affects, the taxation by the United States or any
state thereof or any foreign jurisdiction of the total net income of such
Bank), or

      (ii) imposes, modifies or deems applicable any reserve, special deposit,
special assessment or similar requirements against assets held by, deposits
with or for the account of or credit extended by such Bank (other than such
requirements which are included in the determination of the Euro-Rate
hereunder), or

      (iii) imposes upon such Bank any other condition with respect to this
Agreement,

and the result of any of the foregoing is to increase the cost to such Bank,
reduce the income receivable by such Bank, reduce the rate of return on such
Bank’s capital, or impose any expense upon such Bank with respect to any
Euro-Rate Portion of the Loans, or any Bid Rate Loan by an amount which such
Bank in its sole but reasonable discretion deems to be material, such Bank
shall from time to time notify the Borrower and the Agent of the amount
determined by such Bank (which determination, absent error, shall be
conclusive) to be reasonably necessary to compensate such Bank (on an after-tax
basis) for such increase in cost, reduction in income, reduction in rate of
return, or additional expense, setting forth the calculations therefor, and the
Borrower shall pay such amount to such Bank, as additional consideration
hereunder, within ten (10) days of the Borrower’s receipt of such notice.

2.7e Breakage Costs. In addition to the provisions of Subsections 2.7b and
2.7d hereof, the Borrower hereby agrees to reimburse each Bank against any loss
or expense which such Bank may sustain or incur as a consequence of any default
by the Borrower (i) in failing to accept any Bid Rate Loan or any borrowing or
renewal hereunder to bear interest at the Euro-Rate Option on the scheduled
date, or (ii) in failing to make when due (whether by declaration, acceleration
or otherwise) any payment of any Euro-Rate Portion of the Loans or any Bid Rate
Loan or (iii) in making any payment or prepayment of any Euro-Rate Portion of
the Loans or any Bid Rate Loan or any part thereof on any day other than the
last day of the relevant Interest Period; including, in each case, but not
limited to, any loss of profit, premium or penalty incurred by such Bank in
respect of funds borrowed by it for the purpose of making or maintaining any
Loan or any Portion thereof as determined by such Bank in the exercise of its
sole but reasonable discretion. The affected Bank shall furnish to the
Borrower and the Agent a certificate showing the calculation of the amount of
any such loss or expense (which certificate, absent error, shall be
conclusive), and the Borrower shall pay such amount in the currency in which
such Loan was made to the affected Bank within ten (10) days of the Borrower’s
receipt of such certificate.

2.7f Method of Calculation. In determining the amount due each Bank hereunder
by reason of the application of this Section 2.7, each Bank may use any
reasonable averaging or attribution method; provided, however, each Bank must
use reasonable efforts to minimize such losses and costs.

-32-

2.8 Utilization of Commitments in Optional Currencies.

2.8a Periodic Computations of Dollar Equivalent Amounts of Loans and Letters of
Credit Outstanding. The Agent will determine the Dollar Equivalent amount of
(i) proposed Long Term Revolving Credit Loans or Letters of Credit to be
denominated in an Optional Currency as of the date of the requested
Disbursement or date of issuance, as the case may be, (ii) outstanding Long
Term Revolving Credit Loans or Letters of Credit Outstanding denominated in an
Optional Currency as of the last Business Day of each month, and (iii)
outstanding Long Term Revolving Credit Loans denominated in an Optional
Currency as of the end of each Interest Period (each such date under clauses
(i) through (iii), a “Computation Date”).

2.8b Notices From Banks That Optional Currencies Are Unavailable To Fund New
Loans. The Banks shall be under no obligation to make the Long Term Revolving
Credit Loans or issue the Letters of Credit requested by the Borrower which are
denominated in an Optional Currency if any Bank notifies the Agent by 5:00 p.m.
(Pittsburgh, Pennsylvania time) four (4) Business Days prior to the borrowing
or issuance date for such Long Term Revolving Credit Loans or Letters of Credit
that such Bank cannot provide its share of such Long Term Revolving Credit
Loans in such Optional Currency. In the event the Agent timely receives a
notice from a Bank pursuant to the preceding sentence, the Agent will notify
the Borrower no later than 12:00 Noon (Pittsburgh, Pennsylvania time) three (3)
Business Days prior to the Disbursement for such Long Term Revolving Credit
Loans or the issuance of such Letter of Credit that the Optional Currency is
not then available for such Long Term Revolving Credit Loans or such Letters of
Credit, and the Agent shall promptly thereafter notify the Banks of the same.
If the Borrower receives a notice described in the preceding sentence, the
Borrower may, by notice to the Agent not later than 5:00 p.m. (Pittsburgh,
Pennsylvania time) three (3) Business Days prior to the Disbursement or Letter
of Credit Borrowing for such Long Term Revolving Credit Loans or such Letters
of Credit, withdraw the Request for Disbursement for such Long Term Revolving
Credit Loans or the issuance of such Letters of Credit. If the Borrower
withdraws such Request for Disbursement, the Agent will promptly notify each
Bank of the same and the Banks shall not make such Loans or issue such Letters
of Credit. If the Borrower does not withdraw such Request for Disbursement
before such time, (i) the Borrower shall be deemed to have requested that (a)
the Long Term Revolving Credit Loans referred to in its Request for
Disbursement shall be made in Dollars in an amount equal to the Dollar
Equivalent amount of such Long Term Revolving Credit Loans and shall bear
interest under the Base Rate Option and (b) the Letters of Credit referred to
in its Request for Disbursement shall be issued in Dollars in an amount equal
to the Dollar Equivalent amount of such Letters of Credit, and (ii) the Agent
shall promptly deliver a notice to each Bank stating: (A) that such Long Term
Revolving Credit Loans or such Letters of Credit shall be made in Dollars and
shall bear interest under the Base Rate Option, (B) the aggregate amount of
such Long Term Revolving Credit Loans or such Letters of Credit, and (C) such
Bank’s Pro Rata share of such Long Term Revolving Credit Loans or such Letters
of Credit.

2.8c Notices From Banks That Optional Currencies Are Unavailable to Fund
Renewals of Euro-Rate Option Loans. If the Borrower delivers a Request for
Disbursement requesting that the Banks renew the Euro-Rate Option with respect
to an outstanding Segment of

-33-

Long Term Revolving Credit Loans or Letters of Credit denominated in an
Optional Currency, the Banks shall be under no obligation to renew such
Euro-Rate Option if any Bank delivers to the Agent a notice by 5:00 p.m.
(Pittsburgh, Pennsylvania time) four (4) Business Days prior to effective date
of such renewal that such Bank cannot continue to provide Long Term Revolving
Credit Loans or Letters of Credit in such Optional Currency. In the event the
Agent timely receives a notice from a Bank pursuant to the preceding sentence,
the Agent will notify the Borrower no later than 12:00 Noon (Pittsburgh,
Pennsylvania time) three (3) Business Days prior to the renewal date that the
renewal of such Long Term Revolving Credit Loans or such Letters of Credit in
such Optional Currency is not then available, and the Agent shall promptly
thereafter notify the Banks of the same. If the Agent shall have so notified
the Borrower that any such continuation of Long Term Revolving Credit Loans
denominated in an Optional Currency or Letters of Credit issued in an Optional
Currency is not then available, any notice of renewal with respect thereto
shall be deemed withdrawn, and such Long Term Revolving Credit Loans
denominated in an Optional Currency or Letters of Credit issued in an Optional
Currency shall be redenominated into Base Rate Loans or Letters of Credit in
Dollars with effect from the last day of the Interest Period with respect to
any such Long Term Revolving Credit Loans denominated in an Optional Currency
or upon the reissuance, renewal or extension of Letters of Credit initially
issued in an Optional Currency. The Agent will promptly notify the Borrower
and the Banks of any such redenomination, and in such notice, the Agent will
state the aggregate Dollar Equivalent amount of the redenominated Long Term
Revolving Credit Loans initially denominated in an Optional Currency or Letters
of Credit initially issued in an Optional Currency as of the Computation Date
with respect thereto and such Bank’s Pro Rata share thereof.

2.8d Requests for Additional Optional Currencies. The Borrower may deliver to
the Agent a written request that Long Term Revolving Credit Loans hereunder
also be permitted to be made in any other lawful currency (other than Dollars),
in addition to the currencies specified in the definition of “Optional
Currency” herein provided that such currency must be a freely convertible
foreign currency listed on currency codes in effect from time to time under ISO
International Standard 4217 or any successor thereto. The Agent will promptly
notify the Banks of any such request promptly after the Agent receives such
request. Each Bank may grant or accept such request in its sole discretion.
The Agent will promptly notify the Borrower of the acceptance or rejection by
each of the Bank of the Borrower’s request. The requested currency shall be
approved as an Optional Currency hereunder only if all of the Banks approve of
the Borrower’s request.

2.8e Long Term Revolving Credit Loan Optional Currency Sub-Limit. In no event
shall the sum of the Dollar Equivalent of all then outstanding Long Term
Revolving Credit Loans funded in Optional Currencies exceed the lesser of (i)
$100,000,000 or (ii) the Long Term Revolving Credit Commitment.

2.8f European Monetary Union.

      (i) If, as a result of the implementation of the European monetary union,
(A) any Optional Currency ceases to be lawful currency of the nation issuing
the same and is replaced by a European common currency (the “Euro”) or (B) any
Optional Currency and the Euro are at the same time recognized by any
governmental authority of the nation issuing such currency as

-34-

lawful currency of such nation and the Required Banks shall so request in
a notice delivered to the Borrower, then any amount payable hereunder by any
party hereto in such Optional Currency shall instead be payable in the Euro and
the amount so payable shall be determined by translating the amount payable in
such Optional Currency to the Euro at the exchange rate recognized by the
European Central Bank for the purpose of implementing the European monetary
union. Prior to the occurrence of the event or events described in clause (A)
or (B) of the preceding sentence, each amount payable hereunder in any Optional
Currency will, except as otherwise provided herein, continue to be payable only
in that Optional Currency.

      (ii) The Borrower agrees, at the request of any Bank, to compensate such
Bank for any loss, cost, expense or reduction in return that such Bank shall
reasonably determine shall be incurred or sustained by such Bank as a result of
the implementation of the European monetary union and that would not have been
incurred or sustained but for the transactions provided for herein. A
certificate of the Bank setting forth the Bank’s determination of the amount or
amounts necessary to compensate such Bank shall be delivered to the Borrower,
and shall be conclusive absent manifest error so long as such determination is
made on a reasonable basis. The Borrower shall pay such Bank the amount shown
as due on any such certificate within ten (10) days after receipt thereof.

      (iii) No Bank shall require payment by the Borrower of amounts due under
this Subsection 2.8f unless it as a matter of ordinary business practice
imposes such similar charges on its other customers in comparable transactions.

2.9 Capital Adequacy. If (i) any adoption of or any change in or in the
interpretation of any law, rule or regulation, or (ii) compliance with any
guideline, request or directive of any United States Governmental Person or
United States quasi-governmental authority exercising control over banks or
financial institutions generally, including but not limited to regulations set
forth at 12 C.F.R. Part 208 (Appendix A) and 12 C.F.R. Part 225 (Appendix A),
or any court requires that the Commitments of any Bank hereunder (including,
without limitation, commitments and obligations in respect of revolving loans)
or the obligation to issue, maintain or participate in any Letter of Credit be
treated as an asset or otherwise be included for purposes of calculating the
appropriate amount of capital to be maintained by such Bank or any corporation
controlling such Bank (a “Change in Law”), the result of which is to reduce the
rate of return on such Bank’s capital as a consequence of such commitments to a
level below that which such Bank could have achieved but for such Change in
Law, taking into consideration such Bank’s policies with respect to capital
adequacy, by an amount which such Bank deems to be material, such Bank shall
deliver to the Borrower a statement of the amount necessary to compensate such
Bank for the reduction in the rate of return on its capital attributable to
such commitments (the “Capital Compensation Amount”). Such Bank shall
determine the Capital Compensation Amount in good faith, using reasonable
attribution and averaging methods. Such Bank shall from time to time notify
the Borrower of the amount so determined. Such amount shall be due and payable
by the Borrower to such Bank ten (10) Business Days after such notice is given.

2.10 Swingline Loans.

-35-

2.10a Swingline Option. Subject to the provisions of this Section 2.10, the
Agent agrees that the Borrower may request Swingline Loans, in an aggregate
amount at any one time outstanding not to exceed the lesser of (i) $20,000,000
or (ii) an amount which, when added to the aggregate principal amount of (A)
all other Loans then outstanding, and (B) the Letters of Credit Outstanding
does not exceed $200,000,000.00, provided, however, anything to the contrary
notwithstanding, the right of the Borrower to request Swingline Loans shall
terminate: (i) upon the occurrence of an Event of Default under Section 7.1,
and during the continuance of such Event of Default; (ii) upon receipt by the
Borrower of notice from the Agent of the occurrence of an Event of Default
under Section 7.2 and during the continuance of such Event of Default; (iii) in
the event that Borrower has not given notice to the Banks of an Event of
Default in accordance with the provisions of Section 9.5, effective upon the
first day on which such Event of Default occurred; or (iv) upon the
acceleration of the Bank Indebtedness for any reason hereunder.

2.10b Reduction of Available Short Term Revolving Commitments. While each such
Swingline Loan is outstanding hereunder, the outstanding principal amount
thereof shall correspondingly reduce availability under the Short Term
Revolving Credit Commitment and shall reduce, as to each Bank availability
under the Bank’s Short Term Revolving Credit Commitment by an amount equal to
such Bank’s Pro Rata share of the aggregate outstanding principal balance of
Swingline Loans issued by the Agent.

2.10c Limitations on and Evidence of Swingline Loans. Each Swingline Loan or
repayment of a Swingline Loan must be in the minimum principal amount of
$1,000,000 or, if in excess of $1,000,000 in integral multiples of $100,000.
The obligation of the Borrower to repay, on or prior to the Maturity Date, the
aggregate unpaid principal amount of such Swingline Loans advanced by the Agent
shall be evidenced by the Swingline Note substantially in the form of Exhibit
“E” hereto. The principal amount actually due and owing the Agent shall be the
aggregate unpaid principal amount of all disbursements of Swingline Loans made
by the Agent, all as shown on such Swingline Loan Account established and
maintained by the Agent pursuant to Sections 2.10g and 2.15.

2.10d Swingline Procedure. The Borrower may from time to time from the
Restatement Closing Date to the Business Day prior to the Maturity Date,
subject to the provisions of Section 2.10c, request a Swingline Loan. Such
request shall be made not later than Noon (Pittsburgh Time) on the date of the
proposed Swingline Loan. Such request may be made to the Agent orally or in
writing and, if orally, confirmed in writing. The Agent shall make the
Swingline Loan available to the Borrower not later than 3:00 P.M. Pittsburgh
Time on the same Business Day such Swingline Loan is requested.

2.10e Swingline Loan Interest. Subject to Section 2.6d hereof, interest on the
Swingline Loans shall accrue at the rate of interest offered by the Agent in
its sole and absolute discretion for such interest periods as offered by the
Agent in its sole and absolute discretion.

2.10f Risk Participation. Upon the disbursement of each Swingline Loan and
without any further action by or on behalf of such Bank, each Bank hereby
agrees to purchase, upon the occurrence of an Event of Default, an undivided
full risk non-recourse participation in such

-36-

Swingline Loan, in an amount equal to (i) such Bank’s Short Term Revolving
Credit Commitment Percentage as set forth on such Bank’s signature page
attached hereto (ii) multiplied by the outstanding principal amount of such
Swingline Loan on the date of the Event of Default; provided, however, no Bank
shall participate in any Swingline Loan which Swingline Loan is made after a
notice of an Event of Default has been given. If and to the extent the Agent
receives payment of principal or interest on a participated Swingline Loan, the
Agent shall deliver to each Bank such Bank’s pro rata share of such payment.

2.10g Swingline Loan Account. The Agent shall maintain on its books as a
sub-account of the Loan Account, a Swingline Loan Account in the name of the
Borrower with respect to any Swingline Loans made, repayments and prepayments
of the principal thereof, and the computation and payment of interest thereon.
Upon the request of the Borrower to the Agent, the Agent shall promptly furnish
to the Borrower a statement of the Swingline Loan Account. The failure to
record any such amount shall not limit or otherwise affect the obligations of
the Borrower hereunder or under the Swingline Notes to repay all amounts owed
hereunder and thereunder together with all interest accrued thereon and all
other fees and charges provided herein and therein. Except in the case of
manifest error, the Swingline Loan Account shall be conclusive evidence as to
the amount at any time due to the Agent from the Borrower under the Swingline
Notes.

2.11 Letter of Credit Sub-facility.

2.11a Issuance of Letters of Credit. The Borrower may request the issuance of a
letter of credit (each a “Letter of Credit”) by delivering to the Agent a
completed application and agreement for letters of credit in such form as the
Agent may specify from time to time by no later than 10:00 A.M., Pittsburgh,
Pennsylvania time, at least five (5) Business Days, or such shorter period as
may be agreed to by the Agent, in advance of the proposed date of issuance.
Each Letter of Credit shall be a Standby Letter of Credit and may be
denominated in either Dollars or an Optional Currency. Subject to the terms
and conditions hereof and in reliance on the agreements of the other Banks set
forth in this Section 2.11, the Agent will issue a Letter of Credit provided
that each Letter of Credit shall (A) have a maximum maturity of twenty-four
(24) months from the date of issuance, and (B) in no event expire later than
ten (10) Business Days prior to the Termination Date and providing that in no
event shall the Dollar and Dollar Equivalent amount of Letters of Credit
Outstanding exceed, at any one time, the lesser of (i) $25,000,000 or (ii) the
Long Term Revolving Credit Commitment minus the sum of the Dollar and Dollar
Equivalent amounts of all Long Term Revolving Credit Loans then outstanding and
the Dollar and Dollar Equivalent amounts of Letters of Credit Outstanding.

2.11b Letter of Credit Fees. The Borrower shall pay in Dollars to the Agent for
the ratable account of the Banks a fee (the “Letter of Credit Fee”) equal to
the Applicable Long Term Margin (computed on the basis of a year of 360 days
and actual days elapsed), which fees shall be computed on the daily average
Dollar and Dollar Equivalent amounts of the Letters of Credit Outstanding and
shall be payable quarterly in arrears commencing with the last Business Day of
each March, June, September and December following issuance of each Letter of
Credit. The Borrower shall also pay to the Agent in Dollars for the Agent’s
sole account (i) 1/8 percent (.125%) of the amount of any Letters of Credit
Outstanding (the “Fronting Fee”) quarterly in

-37-

arrears, and (ii) as incurred the Agent’s then current customary fees and
administrative expenses payable with respect to the Letters of Credit as the
Agent may generally charge or incur from time to time in connection with the
issuance, maintenance, modification (if any), assignment or transfer (if any),
negotiation, and administration of Letters of Credit.

2.11c Letter of Credit Fees Upon Default.

      (i) (A) Upon the occurrence of an Event of Default under Section 7.1, and
during the continuance of such Event of Default, or (B) upon the acceleration
of the Bank Indebtedness for any reason hereunder, the Letter of Credit Fee
shall be 2% per annum (200 basis points) in excess of the applicable Letter of
Credit Fee then in effect (the “Default Letter of Credit Fee”).

      (ii) Upon receipt by the Borrower of notice from the Agent of the
occurrence of an Event of Default under Section 7.2 and during the continuance
of such Event of Default, the Default Letter of Credit Fee shall be in effect.

      (iii) The provisions of the immediately preceding items (i) and (ii) to
the contrary notwithstanding, if (A) the Borrower has not given notice to the
Banks of an Event of Default in accordance with the provisions of Section 9.5
and (B) the Banks, after becoming aware of such Event of Default and based on
such Event of Default, wish to impose the Default Letter of Credit Fee in
accordance with either of the preceding items (i) and (ii), such Default Letter
of Credit Fee shall be effective as of the first day on which such Default
Letter of Credit Fee would have been in effect had the Borrower given such
notice in accordance with the provisions of Section 9.5.

2.11d Disbursements, Reimbursement.

      (A) Immediately upon the issuance of each Letter of Credit, each Bank
shall be deemed to, and hereby irrevocably and unconditionally agrees to,
purchase from the Agent a participation in such Letter of Credit and each
drawing thereunder in an amount equal to such Bank’s Pro Rata share of the
maximum amount available to be drawn under such Letter of Credit and the amount
of such drawing, respectively.

      (B) In the event of any request for a drawing under a Letter of Credit by
the beneficiary or transferee thereof, the Agent will promptly notify the
Borrower of the amount of such drawing and the date such payment shall be made.
The Borrower shall reimburse (such obligation to reimburse the Agent shall
sometimes be referred to as a “Reimbursement Obligation”) the Agent in Dollars
for any amount paid by the Agent under any Letter of Credit (each such date of
a payment by the Agent under a Letter of Credit, a “Drawing Date”) in an amount
equal to the Dollar Equivalent amount so paid by the Agent. Such Reimbursement
Obligation shall be paid prior to 12:00 Noon, Pittsburgh, Pennsylvania time, on
the Drawing Date. In the event the Borrower fails to reimburse the Agent for
the full Dollar Equivalent amount of any drawing under any Letter of Credit by
12:00 Noon, Pittsburgh, Pennsylvania time, on the Drawing Date, the Agent will
promptly notify each Bank thereof, and the Borrower shall be deemed to have
requested that Long Term Revolving Credit Loans be made by the Banks in

-38-

Dollars under the Base Rate Option to be disbursed on the Drawing Date under
such Letter of Credit, subject to the amount of the unutilized portion of the
Long Term Revolving Credit Commitment and subject to the conditions set forth
in Section 6.1 other than any notice requirements. Any notice given by the
Agent pursuant to this Section 2.11d(B) may be oral if immediately confirmed in
writing; provided that the lack of such an immediate confirmation shall not
affect the conclusiveness or binding effect of such notice.

      (C) Each Bank shall upon any notice pursuant to Section 2.11d(B) make
available to the Agent an amount in Dollars in immediately available funds
equal to its Pro Rata share of the Dollar Equivalent amount of the drawing,
whereupon the participating Banks shall (subject to Section 2.11d(D)) each be
deemed to have made a Long Term Revolving Credit Loan in Dollars under the Base
Rate Option to the Borrower in that amount. If any Bank so notified fails to
make available in Dollars to the Agent for the account of the Agent the amount
of such Bank’s Pro Rata share of such Dollar Equivalent amount by no later than
2:00 p.m., Pittsburgh, Pennsylvania time on the Drawing Date, then interest
shall accrue on such Bank’s obligation to make such payment, from the Drawing
Date to the date on which such Bank makes such payment (i) at a rate per annum
equal to the Federal Funds Effective Rate during the first three days following
the Drawing Date and (ii) at a rate per annum equal to the rate applicable to
Long Term Revolving Credit Loans under the Base Rate Option on and after the
fourth day following the Drawing Date. The Agent will promptly give notice of
the occurrence of the Drawing Date to each Bank, but failure of the Agent to
give any such notice on the Drawing Date or in sufficient time to enable any
Bank to effect such payment on such date shall not relieve such Bank from its
obligation under this Section 2.11d(C).

      (D) With respect to any unreimbursed drawing that is not converted into
Long Term Revolving Credit Loans under the Base Rate Option to the Borrower in
whole or in part as contemplated by Section 2.11d(B), because of the Borrower’s
failure to satisfy the conditions set forth in Section 6.1 other than any
notice requirements or for any other reason, the Borrower shall be deemed to
have incurred from the Agent a Letter of Credit Borrowing in Dollars or the
Dollar Equivalent amount of such drawing. Such Letter of Credit Borrowing
shall be due and payable on demand (together with interest) and shall bear
interest at the rate per annum applicable to the Long Term Revolving Credit
Loans under the Base Rate Option as adjusted to reflect the default rate
provisions set forth in Subsection 2.6b. Each Bank’s payment to the Agent
pursuant to Section 2.11d(C) shall be deemed to be a payment in respect of its
participation in such Letter of Credit Borrowing and shall constitute a
Participation Advance from such Bank in satisfaction of its participation
obligation under this Section 2.11d. The provisions of this Subsection (D) are
solely for the benefit of the Agent, as issuer of the Letters of Credit, and
shall not be deemed to excuse, waive or consent to an Event of Default under
Section 7.2a arising from an unreimbursed drawing giving rise to a
Participation Advance.

2.11e Repayment of Participation Advances.

      (A) Upon (and only upon) receipt by the Agent for its account of
immediately available funds from the Borrower (i) in reimbursement of any
payment made by the Agent under the Letter of Credit with respect to which any
Bank has made a Participation Advance to the Agent, or (ii) in payment of
interest on such a payment made by the Agent under such a Letter of

-39-

Credit, the Agent will pay to each Bank, in the same funds as those received by
the Agent, the amount of such Bank’s Pro Rata share of such funds, except the
Agent shall retain the amount of the Pro Rata share of such funds of any Bank
that did not make a Participation Advance in respect of such payment by Agent.

      (B) If the Agent is required at any time to return to the Borrower, or to
a trustee, receiver, liquidator, custodian, or any official in any proceeding
described in Section 7.1a, any portion of the payments made by the Borrower to
the Agent pursuant to Section 2.11d(B) in reimbursement of a payment made under
the Letter of Credit or interest or fee thereon, each Bank shall, on demand of
the Agent, forthwith return to the Agent the amount of its Pro Rata share of
any amounts so returned by the Agent plus interest thereon from the date such
demand is made to the date such amounts are returned by such Bank to the Agent,
at a rate per annum equal to the Federal Funds Effective Rate in effect from
time to time.

2.11f Documentation. The Borrower agrees to be bound by the terms of the
Agent’s application and agreement for letters of credit and the Agent’s written
regulations and customary practices relating to letters of credit, though such
interpretation may be different from the Borrower’s own. In the event of a
conflict between such application or agreement and this Agreement, this
Agreement shall govern. It is understood and agreed that, except in the case
of negligence or willful misconduct, the Agent shall not be liable for any
error and/or mistakes, whether of omission or commission, in following the
Borrower’s instructions or those contained in the Letters of Credit or any
modifications, amendments or supplements thereto.

2.11g Determinations to Honor Drawing Requests. In determining whether to
honor any request for drawing under any Letter of Credit by the beneficiary
thereof, the Agent shall be responsible only to determine that the documents
and certificates required to be delivered under such Letter of Credit have been
delivered and that they comply on their face with the requirements of such
Letter of Credit.

2.11h Nature of Participation and Reimbursement Obligations. Each Bank’s
obligation in accordance with this Agreement to make the Long Term Revolving
Credit Loans or Participation Advances, as contemplated by Section 2.11d, as a
result of a drawing under a Letter of Credit, and the obligation of the
Borrower to reimburse the Agent upon a draw under a Letter of Credit, shall be
absolute, unconditional and irrevocable, and shall be performed strictly in
accordance with the terms of this Section 2.11 under all circumstances,
including the following circumstances:

		
	 	      (i) any set-off, counterclaim, recoupment, defense or other right
which such Bank may have against the Agent, the Borrower or any other
Person for any reason whatsoever;
	 
	 	      (ii) the failure of the Borrower or any other Person to comply, in
connection with a Letter of Credit Borrowing, with the conditions set
forth in Sections 2.1, 2.3, 2.6, 2.8, 2.9 or 6.1 or as otherwise set
forth in this Agreement for the making of a Long Term Revolving Credit
Loan, it being acknowledged that such conditions are not required for the
making of a Letter of Credit Borrowing and the obligation of the Banks to
make

-40-

		
	 	Participation Advances under Section 2.11d; provided, however the
aggregate amount thereof shall in no event exceed the unutilized Long
Term Revolving Credit Commitment;
	 
	 	      (iii) any lack of validity or enforceability of any Letter of
Credit;
	 
	 	      (iv) the existence of any claim, set-off, defense or other right
which the Borrower or any Bank may have at any time against a beneficiary
or any transferee of any Letter of Credit (or any Persons for whom any
such transferee may be acting), the Agent or any Bank or any other Person
or, whether in connection with this Agreement, the transactions
contemplated herein or any unrelated transaction (including any
underlying transaction between the Borrower and the beneficiary for which
any Letter of Credit was procured);
	 
	 	      (v) any draft, demand, certificate or other document presented under
any Letter of Credit proving to be forged, fraudulent, invalid or
insufficient in any respect or any statement therein being untrue or
inaccurate in any respect even if the Agent has been notified thereof;
	 
	 	      (vi) payment by the Agent under any Letter of Credit against
presentation of a demand, draft or certificate or other document which
does not comply with the terms of such Letter of Credit;
	 
	 	      (vii) any adverse change in the business, operations, properties,
assets, condition (financial or otherwise) or prospects of the Borrower;
	 
	 	      (viii) any breach of this Agreement or any other Loan Document by
any party thereto;
	 
	 	      (ix) the occurrence or continuance of any proceeding described in
Section 7.1a with respect to the Borrower;
	 
	 	      (x) the fact that an Event of Default shall have occurred and be
continuing;
	 
	 	      (xi) the fact that the Termination Date shall have passed or this
Agreement or the Commitments hereunder shall have been terminated; and
	 
	 	      (xii) any other circumstance or happening whatsoever, whether or not
similar to any of the foregoing.

2.11i Indemnity. In addition to amounts payable as provided in Section 8.6,
the Borrower hereby agrees to protect, indemnify, pay and save harmless the
Agent from and against any and all claims, demands, liabilities, damages,
losses, costs, charges and expenses (including reasonable fees, expenses and
disbursements of counsel and allocated costs of internal counsel) which the
Agent may incur or be subject to as a consequence, direct or indirect, of (i)
the issuance of any Letter of Credit, other than as a result of (A) negligence
or willful misconduct of

-41-

the Agent as determined by a final judgment of a court of competent
jurisdiction or (B) subject to the following clause (ii), the wrongful dishonor
by the Agent of a proper demand for payment made under any Letter of Credit, or
(ii) the failure of the Agent to honor a drawing under any such Letter of
Credit as a result of any act or omission, whether rightful or wrongful, of any
present or future de jure or de facto United States Governmental Person (all
such acts or omissions herein called “Governmental Acts”).

2.11j Liability for Acts and Omissions. As between the Borrower and the Agent,
the Borrower assumes all risks of the acts and omission of, or misuse of the
Letters of Credit by, the respective beneficiaries of such Letters of Credit.
In furtherance and not in limitation of the foregoing, the Agent shall not be
responsible for: (i) the form, validity, sufficiency, accuracy, genuineness or
legal effect of any document submitted by any party in connection with the
application for an issuance of any such Letter of Credit, even if it should in
fact prove to be in any or all respects invalid, insufficient, inaccurate,
fraudulent or forged; (ii) the validity or sufficiency of any instrument
transferring or assigning or purporting to transfer or assign any such Letter
of Credit or the rights or benefits thereunder or proceeds thereof, in whole or
in part, which may prove to be invalid or ineffective for any reason; (iii) the
failure of the beneficiary of any such Letter of Credit, or any other party to
which such Letter of Credit may be transferred, to comply fully with any
conditions required in order to draw upon such Letter of Credit or any other
claim of the Borrower against any beneficiary of such Letter of Credit, or any
such transferee, or any dispute between or among the Borrower and any
beneficiary of any Letter of Credit or any such transferee; (iv) errors,
omissions, interruptions or delays in transmission or delivery of any messages,
by mail, cable, telegraph, telex or otherwise, whether or not they be in
cipher; (v) errors in interpretation of technical terms; (vi) any loss or delay
in the transmission or otherwise of any document required in order to make a
drawing under any such Letter of Credit or of the proceeds thereof; (vii) the
misapplication by the beneficiary of any such Letter of Credit of the proceeds
of any drawing under such Letter of Credit; or (viii) any consequences arising
from causes beyond the control of the Agent, including any Governmental Acts,
and none of the above shall affect or impair, or prevent the vesting of, any of
the Agent’s rights or powers hereunder. Nothing in the preceding sentence
shall relieve the Agent from liability for the Agent’s negligence or willful
misconduct in connection with actions or omissions described in such clauses
(i) through (viii) of such sentence.

2.12 Method of Disbursements and Payments. All Disbursements under the Loans
shall be made by the Agent (i) making a wire transfer of such funds to the
account designated in the Borrower’s Request for Disbursement in Dollars or the
Optional Currency, as applicable or (ii) transferring such funds into such
accounts maintained with the Agent designated in the Borrower’s Request for
Disbursement. All payments of principal, interest or other costs relating to
the Loans, the Agent’s Fee, the Bid Rate Administration Fee, the Letter of
Credit Fee, the Fronting Fee, the Optional Currency Fee and the Facility Fee
shall be made by the Borrower to the Agent at the Agent’s principal office or
at such location as the Agent may direct by 12:00 Noon (Pittsburgh,
Pennsylvania time) on the due date. All funds shall be immediately available
funds when either transferred via wire transfer into the account designated by
the Borrower or delivered by the Borrower to the Agent. Except as otherwise
provided herein, interest on the principal amount of each Loan made in an
Optional Currency shall be paid by the Borrower in such Optional Currency.

-42-

2.13 Interest Payment Dates. Interest due on all outstanding Long Term
Revolving Credit Loans, Short Term Revolving Credit Loans and Bid Rate Loans
hereunder shall be payable in arrears: (i) with respect to each Base Rate
Segment, (A) on the last Business Day of each March, June, September and
December, (B) at maturity whether by acceleration or otherwise and (C) after
maturity, on demand until paid in full; (ii) with respect to each Euro-Rate
Segment, (A) on the last day of each Euro-Rate Interest Period (provided,
however, if the Interest Period chosen for any Euro-Rate Segment exceeds three
(3) months, interest on that Euro-Rate Segment shall be due and payable every
three (3) months during such Interest Period and on the last day of such
Interest Period), (B) at maturity, whether by acceleration or otherwise, (C) on
the Termination Date or the Payment Date, as applicable, including amounts, if
any, due pursuant to Section 2.7e hereof and (D) after maturity, on demand
until paid in full; and (iii) with respect to each Bid Rate Loan, (A) on the
last day of the Bid Rate Interest Period (provided, however, if the Interest
Period chosen for any Bid Rate Loan exceeds ninety (90) days, interest on that
Bid Rate Loan shall be due and payable every ninety (90) days during such
Interest Period), (B) at maturity, whether by acceleration or otherwise and (C)
after maturity, on demand until paid in full.

2.14 Calculation of Interest and Facility Fee . The interest rate calculated
pursuant to the Base Rate Option shall be calculated on the basis of the actual
number of days elapsed using (i) a year of 365-366 days if the Base Rate is
calculated utilizing the Prime Rate or (ii) a year of 360 days if the Base Rate
is calculated utilizing the Federal Funds Effective Rate, as the case may be.
The interest rate calculated pursuant to the Euro-Rate Option and Bid Rate
Option and the Facility Fee shall be calculated on the basis of the actual
number of days elapsed using a year of 360 days; provided that, for Loans made
in an Optional Currency for which a 365-day basis is the only market practice
available to the Agent, such rate shall be calculated on the basis of a year of
365 or 366 days, as the case may be, for the actual days elapsed

2.15 Loan Account. The Agent shall open and maintain on its books a Loan
Account in the name of the Borrower, with respect to Disbursements made,
repayments, the computation and payment of interest, the Facility Fee, the
Agent’s Fee, the Bid Rate Administration Fee, the Letter of Credit Fee, the
Fronting Fee, the Optional Currency Fee and the computation of other amounts
due and sums paid to the Banks and the Agent pursuant to this Article II.
Except in the case of manifest error in computation, such Loan Account shall be
conclusive and binding on the Borrower as to the amount at any time due to the
Banks and the Agent from the Borrower pursuant to this Article II.

2.16 Fees.

2.16a Agent’s Fee. The Borrower shall pay to the Agent the Agent’s Fee in
accordance with the term’s of the Agent’s Letter. Any accrued and unpaid
Agent’s Fees under the Original Credit Agreement existing on the Restatement
Closing Date shall be due and payable on the Restatement Closing Date.

2.16b Facility Fee. The Borrower shall pay to the Agent, for the benefit of
the Banks, (i) on September 30, 2000, and quarterly in arrears thereafter on
the last day of each March, June,

-43-

September and December prior to the Termination Date, and on the Termination
Date, the Facility Fee at the Long Term Facility Fee Rate on the entire amount
of the Long Term Revolving Credit Commitment and (ii) on September 30, 2000,
and on the last day of each March, June, September and December prior to the
Maturity Date and on the Maturity Date, the Facility Fee at the Short Term
Facility Fee Rate on the entire amount of the Short Term Revolving Credit
Commitment. The first payment hereunder shall be only for the actual number of
days elapsed between the Restatement Closing Date and September 30, 2000. Any
accrued and unpaid Facility Fees under the Original Credit Agreement existing
on the Restatement Closing Date shall be due and payable on the Restatement
Closing Date.

2.16c Bid Rate Administration Fee. The Borrower shall pay to the Agent
simultaneously with each Bid Rate Loan Request made pursuant to item (i) of
Section 2.5d, a Bid Rate Administration Fee. Each Bid Rate Administration Fee
shall be for the Agent’s own account. Any accrued and unpaid Bid Rate
Administration Fees under the Original Credit Agreement existing on the
Restatement Closing Date shall be due and payable on the Restatement Closing
Date.

2.16d Letter of Credit Fee and Fronting Fee. The Borrower shall pay to the
Agent, from time to time, for the benefit of the Banks, the Letter of Credit
Fee as set forth in Section 2.11b. The Borrower shall pay to the Agent, from
time to time, for its sole account, the Fronting Fee as set forth in Section
2.11b. Any accrued and unpaid Letter of Credit Fees and Fronting Fees under
the Original Credit Agreement existing on the Restatement Closing Date shall be
due and payable on the Restatement Closing Date.

2.16e Optional Currency Fee. The Borrower shall pay to the Agent in Dollars
for its sole account the customary fees of the Agent then in effect and its
administrative expenses payable with respect to Long Term Revolving Credit
Loans denominated in an Optional Currency or Letters of Credit issued in an
Optional Currency as the Agent may generally charge or incur in connection with
the funding, maintenance, modification (if any), assignment or transfer (if
any), negotiation, and administration of Long Term Revolving Credit Loans
denominated in an Optional Currency or Letters of Credit issued in an Optional
Currency (the “Optional Currency Fee"). Any accrued and unpaid Optional
Currency Fees under the Original Credit Agreement existing on the Restatement
Closing Date shall be due and payable on the Restatement Closing Date.

2.17 Currency Repayments. Notwithstanding anything contained herein to the
contrary, the entire amount of principal of and interest on any Loan made in an
Optional Currency shall be repaid in the same Optional Currency in which such
Loan was made, provided, however, that if it is impossible or illegal for the
Borrower to effect payment of a Loan in the Optional Currency in which such
Loan was made, or if the Borrower defaults in its obligations to do so, the
Required Banks may at their option permit such payment to be made (i) at and to
a different location, subsidiary, affiliate or correspondent of the Agent, or
(ii) in the Equivalent Amount of Dollars or (iii) in an Equivalent Amount of
such other currency (freely convertible into Dollars) as the Required Banks may
solely at their option designate. Upon any events described in (i) through
(iii) of the preceding sentence, the Borrower shall make such payment and the
Borrower agrees to hold each Bank harmless from and against any loss incurred
by any

-44-

Bank arising from the cost to such Bank of any premium, any costs of exchange,
the cost of hedging and covering the Optional Currency in which such Loan was
originally made, and from any change in the value of Dollars, or such other
currency, in relation to the Optional Currency that was due and owing. Such
loss shall be calculated for the period commencing with the first day of the
Interest Period for such Loan and continuing through the date of payment
thereof. Without prejudice to the survival of any other agreement of the
Borrower hereunder, the Borrower’s obligations under this Section 2.17 shall
survive termination of this Agreement.

2.18 Optional Currency Amounts. Notwithstanding anything contained herein to
the contrary, the Agent may, with respect to notices by the Borrower for Loans
in an Optional Currency or voluntary prepayments of less than the full amount
of an Optional Currency Disbursement, engage in reasonable rounding of the
Optional Currency amounts requested to be loaned or repaid; and, in such event,
the Agent shall promptly notify the Borrower and the Banks of such rounded
amounts and the Borrower’s request or notice shall thereby be deemed to reflect
such rounded amounts.

2.19 Currency Fluctuations. If on any Computation Date (a) the sum of the
Dollar Equivalent amount of the Long Term Revolving Credit Loans denominated in
an Optional Currency is greater than $100,000,000, (b) the sum of the Dollar
Equivalent amount of the Letters of Credit Outstanding issued in an Optional
Currency is greater than $25,000,000 or (c) the sum of the Dollar Equivalent of
all Long Term Revolving Credit Loans and all Letters of Credit Outstanding is
greater than the Long Term Revolving Credit Commitment, as a result of a change
in exchange rates between one (1) or more Optional Currencies and Dollars, then
the Agent shall notify the Borrower of the same. Within one (1) Business Day
after receiving such notice, the Borrower shall pay or prepay (subject to the
Borrower’s indemnity obligations under this Agreement) Long Term Revolving
Credit Loans denominated in an Optional Currency and Letters of Credit issued
in an Optional Currency in amounts such that (x) the sum of the Dollar
Equivalent amount of the Long Term Revolving Credit Loans denominated in an
Optional Currency shall not exceed $100,000,000, (y) the sum of the Dollar
Equivalent amount of the Letters of Credit Outstanding issued in an Optional
Currency shall not exceed $25,000,000 and (z) the sum of the Dollar Equivalent
of all Long Term Revolving Credit Loans and all Letters of Credit Outstanding
does not exceed the Long Term Revolving Credit Commitment, all after giving
effect to such payments or prepayments

2.20 Interbank Market Presumption. For all purposes of this Agreement and each
Note with respect to any aspects of the Euro-Rate, any Loan under the Euro-Rate
Option or any Optional Currency Loan, each Bank and the Agent shall be presumed
to have obtained rates, funding, currencies, deposits, and the like in the
applicable interbank market regardless whether it did so or not; and, each
Bank’s and the Agent’s determination of amounts payable under, and actions
required or authorized by this Agreement shall be calculated, at each Bank’s
and the Agent’s option, as though each Bank and the Agent funded each Segment
of Loans under the Euro-Rate Option through the purchase of deposits of the
types and maturities corresponding to the deposits used as a reference in
accordance with the terms hereof in determining the Euro-Rate applicable to
such Loans, whether in fact that is the case.

2.21 Taxes.

-45-

2.21a No Deductions. All payments made by the Borrower hereunder and under
each Note shall be made free and clear of and without deduction for any present
or future taxes, levies, imposts, deductions, charges, or withholdings, and all
liabilities with respect thereto, excluding taxes imposed on the net income of
any Bank and all income and franchise taxes applicable to any Bank organized
and existing under the United States or any state thereof (all such
non-excluded taxes, levies, imposts, deductions, charges, withholdings, and
liabilities being hereinafter referred to as “Taxes”). If the Borrower shall
be required by Law to deduct any Taxes from or in respect of any sum payable
hereunder or under any Note, (i) the sum payable shall be increased as may be
necessary so that after making all required deductions (including deductions
applicable to additional sums payable under this Section 2.20a) each Bank
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 timely pay the full amount deducted to the relevant tax
authority or other authority in accordance with applicable law.

2.21b Stamp Taxes. In addition, the Borrower agrees to pay any present or
future stamp or documentary taxes or any other excise or property taxes,
charges, or similar levies which arise from any payment made hereunder or from
the execution, delivery, or registration of, or otherwise with respect to, this
Agreement or any Note (hereinafter referred to as “Other Taxes”).

2.21c Indemnification for Taxes Paid by a Bank. The Borrower shall indemnify
each Bank for the full amount of Taxes or Other Taxes (including without
limitation, any Taxes or Other Taxes imposed by any jurisdiction on amounts
payable under this Section 2.20c) paid by any Bank and any liability (including
penalties, interest, and expenses) arising therefrom or with respect thereto,
whether or not such Taxes or Other Taxes were correctly or legally asserted.
This indemnification shall be made within thirty (30) days from the date a Bank
makes written demand therefor.

2.21d Certificate. Within 30 days after the date of any payment of any Taxes
by the Borrower, the Borrower shall furnish to each Bank, at its address
referred to herein, the original or a certified copy of a receipt evidencing
payment thereof. If no Taxes are payable in respect of any payment by the
Borrower, the Borrower shall, if so requested by a Bank, provide a certificate
of an officer of the Borrower to that effect.

2.21e Survival. Without prejudice to the survival of any other agreement of
the Borrower hereunder, the agreements and obligations of the Borrower
contained in this Section 2.20 shall survive the payment in full of principal
and interest hereunder and under any instrument delivered hereunder.

2.22 Judgment Currency.

2.22a Currency Conversion Procedures for Judgments. If for the purposes of
obtaining judgment in any court it is necessary to convert a sum due hereunder
or under a Note in any currency (the “Original Currency”) into another currency
(the “Other Currency”), the parties hereby agree, to the fullest extent
permitted by Law, that the rate of exchange used shall be that at which in
accordance with normal banking procedures each Bank could purchase the

-46-

Original Currency with the Other Currency after any premium and costs of
exchange on the Business Day preceding that on which final judgment is given.

2.22b Indemnity in Certain Events. The obligation of the Borrower in respect
of any sum due from the Borrower to any Bank hereunder shall, notwithstanding
any judgment in an Other Currency, whether pursuant to a judgment or otherwise,
be discharged only to the extent that, on the Business Day following receipt by
any Bank of any sum adjudged to be so due in such Other Currency, such Bank may
in accordance with normal banking procedures purchase the Original Currency
with such Other Currency. If the amount of the Original Currency so purchased
is less than the sum originally due to such Bank in the Original Currency, the
Borrower agrees, as a separate obligation and notwithstanding any such judgment
or payment, to indemnify such Bank against such loss.

ARTICLE III. REPRESENTATIONS AND WARRANTIES.

      To induce the Agent and the Banks to enter into this Agreement and to make
the Loans, and to issue, renew or extend the Letters of Credit, herein provided
for, the Borrower represents and warrants to the Agent and the Banks that:

3.1 Corporate Existence.

3.1a The Borrower’s Corporate Existence. The Borrower is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Delaware and it is duly qualified and in good standing as a foreign
corporation, authorized to do business in each jurisdiction where, because of
the nature of its activities or properties, such qualification is required.

3.1b Subsidiaries’ Corporate Existence. Each Subsidiary, is a corporation,
partnership, limited liability company or business trust duly organized,
validly existing and in good standing under the laws of the jurisdiction of its
incorporation, is qualified or licensed as a foreign corporation partnership,
limited liability company or business trust authorized to do business in all
jurisdictions in which the character of the properties owned or the nature of
the activities conducted makes such qualification or licensing necessary, and
has all requisite power and authority to own and operate its properties and to
carry on its business as now conducted. All of the issued and outstanding
shares of Capital Stock of each Subsidiary are validly issued and outstanding
and fully paid and nonassessable.

3.2 Corporate Authority. The Borrower is duly authorized to execute and
deliver this Agreement and the Notes; all necessary corporate action to
authorize the execution and delivery of this Agreement and the Notes has been
properly taken; and it is and will continue to be duly authorized to borrow
hereunder and to execute and deliver the Notes and to perform all of the other
terms and provisions of this Agreement.

3.3 Validity of this Agreement and the Notes. The execution and delivery of
this Agreement does not, and the borrowings under this Agreement, the execution
and delivery of the Notes with respect thereto, and the performance by the
Borrower of its obligations under this

-47-

Agreement and the Notes will not contravene any provision of law, of the
Borrower’s Restated Certificate of Incorporation or Bylaws, or the provisions
of any agreement to which the Borrower is a party or by which the Borrower is
bound; this Agreement constitutes the legal, valid and binding obligation of
the Borrower enforceable in accordance with its terms; and the Notes, when duly
executed on behalf of the Borrower and delivered in accordance with this
Agreement will constitute the legal, valid and binding obligations of the
Borrower enforceable in accordance with their respective terms.

3.4 Financial Statements. Copies of the Borrower’s consolidated audited
financial statements as at December 31, 1999, certified by independent
certified public accountants and prepared in conformity with GAAP applied on a
basis consistent with that of the preceding fiscal year and period, and its
unaudited consolidated financial statement as at March 31, 2000, have been
furnished to each of the Banks, and each statement presents fairly (a) the
consolidated financial condition of the Borrower and its Subsidiaries as at
such dates and the results of their operations for the period then ended and
(b) transactions in its Consolidated stockholders’ equity accounts, including
changes in net unrealized appreciation for the period then ended. There are no
material liabilities, direct or indirect, fixed or contingent, of the Borrower
or its Subsidiaries as of December 31, 1999 which are not reflected therein or
noted thereon. Since December 31, 1999, there has been no material adverse
change in the financial condition of the Borrower.

3.5 Litigation; Title to Properties. Except as set forth in Forms 10-K, 10-Q,
8-K or S-4 most recently filed with the SEC and the Disclosure Letter, to the
Borrower’s knowledge, after diligent inquiry, there is no litigation or
governmental proceedings pending or threatened against the Borrower or any
Subsidiary the results of which might materially affect the Borrower’s or such
Subsidiary’s financial condition or operations. The Borrower and each
Subsidiary has good title to its respective properties and assets except for
defects in title which taken as a whole are not material to the Borrower or the
Subsidiary. Other than any liability provided for or disclosed in this Section
3.5 or in the financial statements referred to in Section 3.4, neither the
Borrower nor any Subsidiary has any material contingent liabilities.

3.6 Encumbrances. None of the assets of the Borrower or any Subsidiary is
subject to any Encumbrance, except for (a) current taxes not delinquent and (b)
such mortgages, security interests and Encumbrances which are listed on
Schedule 3.6 hereto or permitted pursuant to Section 5.3 hereof.

3.7 ERISA Compliance. The Borrower and each ERISA Affiliate is in compliance
with the provisions of ERISA relating to minimum funding requirements. Neither
the Borrower nor any ERISA Affiliate has incurred any liability to the PBGC
with respect to any Plan. To the best of the Borrower’s knowledge, all Plans
and trusts maintained by the Borrower and its ERISA Affiliates are intended to
qualify under Code Section 401(a) and Code Section 501(a) and to the best of
the Borrower’s knowledge, no event has occurred which would cause them not to
qualify. To the best of the Borrower’s knowledge, all Plans have been
maintained in compliance with the requirements of ERISA and the Code.

3.8 Tax Returns and Payments. The Borrower and its Subsidiaries have filed all
tax returns required by law to be filed and have paid all taxes, assessments
and other governmental

-48-

charges levied upon the Borrower and its Subsidiaries or any of their
respective properties, assets, income or franchises which are due and payable
other than (a) those presently payable without penalty or interest or (b) those
which are deemed by it to be unlawful or excessive in whole or in part and
which are being contested or will be in a timely manner contested in good faith
by appropriate proceedings or (c) those which would not, in the aggregate, have
a Material Adverse Effect on the financial condition, business operations or
assets of the Borrower and its Subsidiaries; and as to which the Borrower or
the affected Subsidiary shall have set aside on its books reserves for such
claim as are determined to be adequate by application of GAAP consistently
applied. The Borrower has disclosed all disputed items on tax returns filed by
the Borrower or any of its Subsidiaries which, if settled adversely to the
Borrower or the affected Subsidiary, would have a Material Adverse Effect upon
the financial condition, business operations or assets of the Borrower and its
Subsidiaries. The Internal Revenue Service has examined and settled the
Federal income tax liability of the affiliated group of companies, including
that of the Borrower and its domestic Subsidiaries, for all taxable years up to
and including the taxable year ended December 31, 1995. The charges, accruals
and reserves on the books of the affiliated group of companies, including the
Borrower and its Subsidiaries, in respect of Federal and state income taxes for
all fiscal periods to date are adequate, and the Borrower knows of no unpaid
assessments for additional Federal or state income taxes for any such fiscal
period or any basis therefor.

3.9 Regulations T, U and X, Ineligible Securities. The Borrower’s execution
and delivery of this Agreement and the Notes do not directly or indirectly
violate or result in a violation of Regulations T, U and X of the Board of
Governors of the Federal Reserve System. The Borrower is not engaged in the
business of purchasing or selling Margin Stock or extending credit to others
for the purpose of purchasing or carrying Margin Stock and no part of the
proceeds of any borrowing hereunder will be used to purchase or carry any
Margin Stock or for any other purpose which would violate any of the
regulations of such Board of Governors.

3.10 Investment Company Act; Public Utilities Holding Company Act. The
Borrower is not an “investment company” as that term is defined in the
Investment Company Act of 1940, as amended from time to time. The Borrower is
not a “holding company”, or a “subsidiary company” of a “holding company”, or
an “affiliate” of a “holding company” within the meaning of the Public Utility
Holding Company Act of 1935, as amended.

3.11 Environmental Matters. To the Borrower’s knowledge, except as set forth
in the Forms 10-K, 10-Q, 8-K or S-4 most recently filed by the Borrower with
the SEC, the Borrower and its Subsidiaries are in material compliance with all
Environmental Laws.

3.12 No Restrictions. Neither the execution and delivery of this Agreement,
the Notes and the other Loan Documents to which it is or will become a party,
the consummation of the transactions herein contemplated nor compliance with
the terms and provisions hereof or of the Notes, will conflict with or result
in a breach of any of the terms, conditions or provisions of the certificate of
incorporation or the by-laws of the Borrower or of any law or of any
regulation, order, writ, injunction or decree of any court or governmental
agency or of any agreement, indenture or other instrument to which the Borrower
is a party or by which any of them is bound or to which it is subject, or
constitute a default thereunder or result in the creation or imposition

-49-

of any Encumbrance of any nature whatsoever upon any of the property or assets
of the Borrower pursuant to the terms of any agreement, indenture or other
instrument.

3.13 Compliance with Applicable Laws. The Borrower and each Subsidiary, to the
best of the Borrower’s knowledge, (i) is not in default with respect to any
order, writ, injunction or decree of any court or of any Federal, state,
municipal or other Governmental Person; and (ii) is substantially complying
with all applicable statutes and regulations of each Governmental Person having
jurisdiction over its activities; except for those orders, writs, injunctions,
decrees, statutes and regulations, non-compliance with which would not
reasonably be likely to have a Material Adverse Effect.

3.14 Governmental Approval. No order, authorization, consent, license,
validation or approval of, or notice to, filing, recording, or registration
with, any Governmental Person, or exemption by any Governmental Person, is
required to authorize, or is required in connection with, (i) the execution,
delivery and performance of this Agreement or the Notes or (ii) the legality,
binding effect or enforceability of this Agreement or the Notes.

3.15 No Event of Default; Compliance with Instruments. No event has occurred
and is continuing and no condition exists or will exist after giving effect to
the borrowings to be made on the Restatement Closing Date under the Loan
Documents which constitutes an Event of Default. The Borrower is not in
violation of (i) any term of its certificate of incorporation, by-laws or other
organizational documents or (ii) any material agreement or instrument to which
it is a party or by which it or any of its properties may be subject or bound
where such violation would be reasonably likely to have a Material Adverse
Effect.

3.16 Employment Matters. The Borrower and each Subsidiary are in compliance
with all employee benefit plans, employment agreements, collective bargaining
agreements and labor contracts and all applicable federal, state and local
labor and employment laws including, but not limited to, those related to equal
employment opportunity and affirmative action, labor relations, minimum wage,
overtime, child labor, medical insurance continuation, worker adjustment and
relocation notices, immigration controls and worker and unemployment
compensation, except where the failure to comply would not be reasonably likely
to have a Material Adverse Effect. There are no outstanding grievances,
arbitration awards or appeals therefrom arising out of the several agreements
referred to above or current or, to the knowledge of the Borrower, threatened
strikes, picketing, handbilling or other work stoppages or slowdowns at
facilities of the Borrower or any Subsidiary which in any case would reasonably
be likely to have a Material Adverse Effect. All payments due from the
Borrower or any Subsidiary on account of employee health and welfare insurance
which could reasonably be expected to have a Material Adverse Effect if not
paid have been paid or accrued as a liability on the books of the Borrower or
such Subsidiary.

3.17 Patents, Trademarks, Copyrights, Licenses, Etc. The Borrower and each
other Subsidiary of the Borrower owns or possesses all the material patents,
trademarks, service marks, trade names, copyrights, licenses, registrations,
franchises, permits and rights necessary to own and operate its properties and
to carry on its business as presently conducted and planned to be conducted by
the Borrower, without known alleged or actual conflict with the rights of
others, which conflict would be reasonably likely to result in a Material
Adverse Effect.

-50-

3.18 Year 2000 Problem. The Borrower and each Subsidiary have reviewed areas
within their respective businesses and operations which have been, or could be,
adversely affected by, and have developed or are developing a program to
address on a timely basis, the risk that certain computer applications used by
the Borrower or its Subsidiaries may be unable to recognize and perform
properly date-sensitive functions involving certain dates prior to and after
December 31, 1999 (the “Year 2000 Problem”). The Year 2000 Problem has not
resulted in, and will not be reasonably likely to result in, a Material Adverse
Effect.

3.19 Solvency. On the Restatement Closing Date, and on each date of a
Disbursement or the issuance, renewal or extension of a Letter of Credit, the
Borrower is, on a Consolidated basis, Solvent.

3.20 Material Contracts; Burdensome Restrictions. All material contracts
relating to the business operations of the Borrower and each Subsidiary are
valid, binding and enforceable upon such Person and each of the other parties
thereto in accordance with their respective terms, and there is no default
thereunder with respect to the Borrower or Subsidiary party thereto which would
be reasonably likely to have a Material Adverse Effect, and there is no default
thereunder, to the Borrower’s knowledge, with respect to parties other than the
Borrower or Subsidiary party thereto which would be reasonably likely to have a
Material Adverse Effect. No contract, lease, agreement or other instrument to
which the Borrower or any Subsidiary is a party or is bound and no provision of
any applicable Law or governmental regulation would reasonably be expected to
have a Material Adverse Effect.

3.21 Disclosure. Neither this Agreement nor any other document, certificate or
statement furnished to the Banks by or on behalf of the Borrower pursuant to
this Agreement contains any untrue statement of a material fact or omits to
state a material fact necessary in order to make the statements contained
herein and therein not misleading. There is no fact known to the Borrower
which materially and adversely affects or in the future may (so far as the
Borrower now foresees) materially and adversely affect the business,
operations, affairs, condition, prospects, properties or assets of the Borrower
or any of its Subsidiaries which has not been set forth in this Agreement or in
the other documents, certificates and statements (financial or otherwise)
furnished to the Banks by or on behalf of the Borrower prior to or on the
Restatement Closing Date.

ARTICLE IV. AFFIRMATIVE COVENANTS.

      From the Restatement Closing Date and thereafter until the termination of
the Long Term Revolving Credit Commitment and the Short Term Revolving Credit
Commitment and until the Notes and the other liabilities of the Borrower
hereunder are paid in full, the Borrower agrees that:

4.1 Use of Proceeds. Proceeds of the Loans will be used by the Borrower for
general corporate purposes, including the repurchase of the Borrower’s Capital
Stock; provided, however, the proceeds of Loans may not be used to fund in
whole or in part any acquisition of or merger with another Person, which is
contested by such Person and which has not been approved by

-51-

such Person’s board of directors or other governing body; and provided,
further, that should all or any part of the Loans be deemed to be a “purpose
loan” which is “directly or indirectly secured” (as those terms are defined in
Regulation U of the Board of Governors of the Federal Reserve System) by Margin
Stock, no proceeds of the Loans may be used for the purchase or carrying of any
Margin Stock which would cause the Loans then outstanding to be in violation of
Regulation U of the Board of Governors of the Federal Reserve System as the
same is now in effect or may hereafter be amended.

4.2 Furnishing Information.

4.2a Quarterly Reports. The Borrower will furnish to each of the Banks, as
soon as practicable but in any event within sixty (60) days after the end of
each Fiscal Quarter its Form 10-Q filed with the SEC. Each such report shall
be certified, subject to ordinary and usual year end adjustments, as true,
complete and correct pursuant to a Compliance Certificate substantially in the
form of Exhibit “F” hereto.

4.2b Annual Report. The Borrower will furnish to each of the Banks, as soon as
practicable but in any event within ninety (90) days after the end of each
Fiscal Year, a copy of its Form 10-K filed with the SEC including therein its
Consolidated financial statements certified without qualification by a
nationally recognized independent public accountant selected by the Borrower.
Such annual audited financial statements shall be certified as true, complete
and correct pursuant to the Compliance Certificate, substantially in the form
of Exhibit “F” hereto.

      In addition, the Borrower will cause to be delivered to each of the Banks
a statement by the independent certified public accountants made in connection
with the preparation of the annual audited consolidated financial statements of
the Borrower and its Subsidiaries stating (i) that the examination has included
a review of the terms of the Agreement and the Notes, (ii) whether their
examination has disclosed the existence, during the Fiscal Year covered by such
financial statements, of any condition or event which constitutes an Event of
Default hereunder, or under any of the instruments, as executed, annexed as
exhibits hereto, or which, after notice or the lapse of time or both, would
constitute an Event of Default, and, if their examination has disclosed such an
event or condition, specifying the nature and period of existence thereof, and
(iii) that they have examined such Compliance Certificate delivered pursuant to
the foregoing paragraph and confirm the computations set forth therein.

4.2c General Information. The Borrower will deliver to the Banks such
additional financial statements, reports and other information (which shall
include, without limitation, any commercial paper dealer arrangements, any note
purchase agreements or private placements or documents equivalent thereto and
all regular and periodic reports filed with the SEC) as the Agent shall
reasonably request. Borrower shall also deliver to the Agent, within ten (10)
days of the receipt of the same, any reports, including management letters,
submitted to the Borrower by an independent certified public accountant in
connection with any annual, interim or special audit. Further, Borrower will
maintain, and will cause its Subsidiaries to maintain, proper books of record
and account in accordance with sound accounting practice in which full, true
and correct entries shall be made of all of their respective properties and
assets and their respective dealings and business affairs. Borrower will
permit, and will cause its Subsidiaries to permit,

-52-

each of the Banks to have access, at any time and from time to time, upon
reasonable notice and during normal business hours to visit any of their
respective properties, to examine any of their respective books of record and
account and such reports and returns as Borrower or any of its Subsidiaries may
file with any governmental department or agency, and to discuss any of
Borrower’s or any Subsidiary’s affairs and accounts with, and be advised about
them by, the officers of Borrower or the Subsidiary as the case may be.

4.3 Preservation of Existence. At its own cost and expense, the Borrower will
do, and subject to the provisions of Section 5.4 hereof, the Borrower will
cause its Subsidiaries to do, all things necessary to preserve and keep in full
force and effect their respective existence and qualification under the laws of
the jurisdictions of their respective organization, except that the corporate
existence of any Subsidiary may be terminated, or any of its rights or
franchises abandoned if, in the good faith judgment of the Board of Directors
of the Borrower, such termination or abandonment is in the best interest of the
Borrower and is not disadvantageous to the Banks. Further, the Borrower will
substantially comply, and will cause each Subsidiary incorporated or formed in
the United States of America to substantially comply, with all applicable laws,
statutes and regulations of the United States of America and of any state or
municipality, or of any agency or department of any of the above in respect of
the conduct of their respective businesses. The Borrower will further cause
any Subsidiary not incorporated or formed in the United States of America to
comply, in all material respects, with all laws, statutes and regulations of
the nation in which such Subsidiary is incorporated or formed or any nation
which, due to the nature of its business, is subject to the laws of or of any
region, state or municipality or of any agency or department of any of the
foregoing in respect to the conduct of such Subsidiary’s Business.

4.4 Payment of Taxes and Fees. The Borrower will promptly pay, and discharge,
and the Borrower will cause each Subsidiary to promptly pay and discharge, all
taxes, assessments and governmental charges and levies upon them or upon any of
their respective income, profits or property; provided, however, that, for
purposes of this Agreement, the Borrower or the affected Subsidiary shall not
be required to pay any tax, assessment, charge or levy (a) which it deems to be
unlawful or excessive in whole or in part and the payment of which is being
contested, or will be in a timely manner contested, in good faith by
appropriate proceedings, and (b) as to which the Borrower or the affected
Subsidiary shall have set aside on its books reserves for such claim as are
determined to be adequate by the application of generally accepted accounting
principles consistently applied.

4.5 Insurance. The Borrower will keep and maintain, and the Borrower will
cause each Subsidiary to keep and maintain, insurance with responsible
insurance companies, satisfactory to the Agent, on such of their respective
properties, in such amounts and against such risks as is customarily maintained
by similar businesses similarly situated and owning, leasing or operating
similar properties. The Borrower will furnish to the Agent on December 31 of
each year during the term hereof a certificate of the Authorized Officer of the
Borrower certifying that such insurance is in force, is adequate in nature and
amount and complies with the Borrower’s and each Subsidiary’s obligations under
this Section 4.5.

-53-

4.6 ERISA Reports. The Borrower will (a) notify the Agent as soon as possible,
and in any event no later than the date notification is sent to the PBGC, of
any Reportable Event and action which is proposed to be taken with respect
thereto, (b) send to the Agent, if so requested by the Agent, copies of each
annual and other report with respect to each Plan filed with the United States
Secretary of Labor or the PBGC, (c) send to the Agent, concurrent with the
filing thereof, a copy of any request to United States Secretary of the
Treasury for a waiver or variance of the minimum funding standards of Section
302 of ERISA and Section 412 of the Code with respect to any Plan, (d) send to
the Agent, promptly, but in any event within ten (10) calendar days after the
date notification is sent to the PBGC, a copy of any notice of failure to make
a required installment or other payment, and (e) send to the Agent promptly
after receipt thereof, a copy of any notice the Borrower or any ERISA Affiliate
may receive from the PBGC relating to the intention of the PBGC (i) to
terminate any Plan, (ii) to appoint a trustee to administer any such Plan or
(iii) to assess withdrawal liability.

4.7 Environmental Matters. The Borrower shall and the Borrower shall cause
each Subsidiary to:

		
	 	      (i) comply in all material respects with all Environmental Laws;
	 
	 	      (ii) not place or permit to be placed any Hazardous Substances on
any of its business premises except as allowed pursuant to Environmental
Law;
	 
	 	      (iii) employ appropriate technology as the Borrower determines is
reasonably necessary to comply with Environmental Law;
	 
	 	      (iv) dispose of any and all Hazardous Substances only at facilities
and with carriers that maintain valid permits under applicable
Environmental Law;
	 
	 	      (v) defend and indemnify the Banks and the Agent and hold the Banks
and the Agent harmless from and against all loss, liability, damage and
expense, claims, costs, fines, penalties, including any interest,
assessments or attorney’s fees, suffered or incurred by the Agent or any
Bank, which arise, result from or in any way relate to a breach or
violation of any Environmental Law by the Borrower or any Subsidiary or
any Person acting for or on behalf of the Borrower or any Subsidiary.
The Borrower’s and the Subsidiaries’ obligation hereunder shall survive
the termination of this Agreement; and
	 
	 	      (vi) provide to the Agent for redistribution to the Banks, notice
of: (A) any material reportable Release of Hazardous Substances; (B) any
notification that Borrower or any Subsidiary is alleged to be a
“potentially responsible party” under any Environmental Law; or (C) with
respect to Borrower’s operations, any material noncompliance with the
Environmental Law; provided the actions referred to in (A), (B) or (C)
immediately above might materially affect the Borrower’s financial
condition or operations. Such notice shall be given within a reasonable
period after an Authorized Officer receives knowledge of such Release or
noncompliance.

-54-

4.8 Senior Debt Status. The Bank Indebtedness shall rank at least pari passu
in priority of payment with all other Indebtedness of the Borrower, except
Indebtedness of the Borrower secured by Encumbrances pursuant to Section 5.3.

4.9 Y2K Preparedness. The Borrower shall cause its Subsidiaries to take all
commercially reasonable action necessary and appropriate so that they shall
have developed all programs necessary to address, on a timely basis, the Year
2000 Problem as it affects their respective accounting, information services,
sales and manufacturing operations.

ARTICLE V. NEGATIVE COVENANTS.

      From the Restatement Closing Date and thereafter until the later of the
termination of the Long Term Revolving Credit Commitment, the Short Term
Revolving Credit Commitment and the payment in full of the Bank Indebtedness
and the other liabilities of the Borrower hereunder, the Borrower agrees that:

5.1 Percentage of Consolidated Indebtedness to Consolidated Capitalization.
The Borrower shall not, at any time, allow its Consolidated Indebtedness to be
greater than: (a) from the Restatement Closing Date through December 31, 2000,
sixty-five percent (65%) of the sum of (i) Consolidated Indebtedness plus (ii)
Consolidated Stockholder’s Equity; (b) from January 1, 2001 through December
31, 2002, sixty percent (60%) of the sum of (i) Consolidated Indebtedness plus
(ii) Consolidated Stockholder’s Equity and (c) from January 1, 2003 and
thereafter, fifty-five percent (55%) of the sum of (i) Consolidated
Indebtedness plus (ii) Consolidated Stockholder’s Equity.

5.2 Fixed Charge Coverage Ratio. The Borrower shall not incur or remain liable
for Consolidated Indebtedness owing to any Person if (a) the incurrence of such
Consolidated Indebtedness (after giving effect thereto) would cause the
Borrower to be in violation of any provision of this Agreement or (b) the
Borrower’s Consolidated Net Income Available for Fixed Charges for the period
of the four (4) Fiscal Quarters immediately preceding the Date of Determination
is equal to or less than two hundred percent (200%) of all Fixed Charges
payable, in respect of such period.

5.3 Creation of Encumbrances. The Borrower shall not create, assume, incur or
suffer to exist, nor will the Borrower allow any Subsidiary to create, assume,
incur or suffer to exist, any Encumbrance upon any of their respective
properties, whether now owned or hereafter acquired, nor acquire nor agree to
acquire any kind of property subject to an Encumbrance; provided,
however, that
the foregoing restrictions shall not prevent the Borrower or any of its
Subsidiaries from creating, assuming, incurring or suffering to exist
Encumbrances, including but not limited to the Encumbrances set forth on
Schedule 3.6 hereto, which secure Indebtedness or obligations which do not
exceed, in the aggregate, at any one time outstanding, twenty percent (20%) of
the Borrower’s Consolidated Total Assets.

5.4 Limitation on Mergers. The Borrower will not, nor will the Borrower allow
any Subsidiary to, directly or indirectly, sell, lease or otherwise dispose of
all or substantially all of its

-55-

properties or assets, or consolidate with, or merge into any other entity or
permit any entity to merge into it; provided however,

		
	 	      (i) any Subsidiary may sell or otherwise transfer its assets to the
Borrower or to a Subsidiary;
	 
	 	      (ii) any Subsidiary may merge into or consolidate with the Borrower
or any other Subsidiary so long as the affected Borrower or other
Subsidiary is the surviving entity; or
	 
	 	      (iii) the Borrower may be consolidated with any other corporation,
or permit any other corporation to be merged into the Borrower, if

		
	 	      (A) the surviving corporation shall be the Borrower and
immediately after such consolidation or merger a majority of the
Borrower’s properties and assets will be located, and a majority of
its business will be conducted, in North America, and
	 
	 	      (B) immediately after giving effect to such transaction, no
condition or event shall exist which constitutes an Event of
Default or which, after notice or lapse of time or both, would
constitute an Event of Default.

      In addition, the Borrower will not, nor will the Borrower allow any of its
Subsidiaries to acquire all or a substantial part of the assets or Capital
Stock of any other entity if, after giving effect to such acquisition, a
condition or event shall exist which constitutes an Event of Default or which,
after the giving of notice or the lapse of time or both, would constitute an
Event of Default.

ARTICLE VI. CONDITIONS PRECEDENT.

6.1 All Disbursements. In addition to the satisfaction of the conditions
precedent set forth in Section 6.2, the obligation of each Bank to make each
Disbursement under its Long Term Revolving Credit Commitment or its Short Term
Revolving Credit Commitment and the obligation of the Agent to issue, renew or
extend Letters of Credit is subject to the performance by the Borrower of all
of its obligations under this Agreement and to the satisfaction of each of the
following conditions precedent:

		
	 	      (i) Receipt by the Agent of a Request for a Disbursement or an
application for the issuance, renewal or extension of a Letter of Credit,
as the case may be;
	 
	 	      (ii) The fact that, at the time of each Disbursement or issuance,
renewal or extension of a Letter of Credit, as the case may be, no Event
of Default and no event which, with the giving of notice or lapse of time
or both would become such an Event of Default, shall have occurred and be
continuing;

-56-

		
	 	      (iii) The fact that, at the time of each Disbursement or issuance,
renewal or extension of a Letter of Credit, as the case may be, the
Borrower is in compliance with each of the financial covenants set forth
in Sections 5.1 and 5.2 then applicable; and
	 
	 	      (iv) The fact that at the time of each Disbursement or issuance,
renewal or extension of a Letter of Credit, as the case may be, the
representations and warranties contained in this Agreement are true and
correct in all material respects on and as of the date of such
Disbursement or such issuance, renewal or extension of a Letter of
Credit, as the case may be.

Each borrowing by the Borrower and each issuance, renewal or extension of a
Letter of Credit hereunder shall be deemed to be, as of the date of such
borrowing or such issuance, renewal or extension of a Letter of Credit, as the
case may be, a representation and warranty by the Borrower as to the facts
specified in items (ii), (iii) and (iv) of this Section 6.1.

6.2 Conditions Precedent for Closing. The obligation of each Bank to accept
delivery of the Notes is subject to the satisfaction of each of the following
conditions precedent:

		
	 	      (i) Agreement. Receipt by the Agent for redelivery to the Banks of
fully executed counterpart originals of this Agreement.
	 
	 	      (ii) Long Term Revolving Credit Notes. Receipt by the Agent for
redelivery to the Banks of a fully executed Long Term Revolving Credit
Note made payable to each Bank.
	 
	 	      (iii) Short Term Revolving Credit Notes. Receipt by the Agent for
redelivery to the Banks of a fully executed Short Term Revolving Credit
Note made payable to each Bank.
	 
	 	      (iv) Bid Rate Notes. Receipt by the Agent for redelivery to the
Banks of fully executed Bid Rate Notes made payable to each Bank.
	 
	 	      (v) Swingline Note. Receipt by the Agent of the fully executed
Swingline Note made payable to PNC Bank, National Association.
	 
	 	      (vi) Closing Fee. Receipt by the Agent of the closing fee due each
Bank in an amount equal to five (5) basis points multiplied by the Bank’s
Long Term Revolving Credit Commitment.
	 
	 	      (vii) Payment to Banks. Payment to the Agent for the benefit of the
applicable parties of all accrued and unpaid fees, if any, under the
Original Credit Agreement.
	 
	 	      (viii) Closing Certificate. The Borrower shall have delivered to
the Agent for redelivery to each Bank a certificate stating (a) the
representations and warranties made by the Borrower are true and correct
on the Restatement Closing Date, (b) that as of the Restatement Closing
Date the Borrower is in compliance with the covenants set forth in

-57-

		
	 	      Articles IV and V hereof, and (c) as of the Restatement Closing Date
no Event of Default or no event which, with the giving of notice or
passage of time would become an Event of Default, has occurred and is
continuing.
	 
	 	      (ix) Material Adverse Effect. No event has occurred to the Borrower
which would reasonably be likely to have a Material Adverse Effect on the
Borrower.
	 
	 	      (x) Material Litigation. Except for those matters previously
disclosed to the Agent and the Banks pursuant to Section 3.5, no action
or proceeding has been instituted before any Governmental Person which,
if adversely determined, would reasonably be likely to have a Material
Adverse Effect on the Borrower.
	 
	 	      (xi) Insurance. Receipt by the Agent of evidence that the
Borrower’s insurance coverage, as required by Section 4.5, is in effect.
	 
	 	      (xii) Borrower’s Resolutions. The Borrower shall have delivered to
the Agent for redelivery to each Bank a copy, duly certified as of the
Restatement Closing Date by the secretary or assistant secretary of the
Borrower, of (a) the organizational documents of the Borrower, (b) the
Bylaws of the Borrower, (c) the resolutions of the Borrower’s Board of
Directors authorizing the borrowings hereunder and the execution and
delivery of this Agreement and the Notes, (c) all documents evidencing
other necessary corporate action and (e) all approvals or consents, if
any, with respect to this Agreement and the Notes.
	 
	 	      (xiii) Borrower’s Incumbency Certificate. The Borrower shall have
delivered to the Agent for redelivery to each Bank a certificate of its
secretary or assistant secretary, certifying the names and offices of the
officers of the Borrower authorized to sign this Agreement, the Notes and
all other documents or certificates to be delivered hereunder, together
with the true signatures of such officers.
	 
	 	      (xiv) Disclosure Letter. The Borrower shall have delivered to the
Agent for redelivery to each Bank an executed copy of the Disclosure
Letter.
	 
	 	      (xv) Opinion of Counsel. The Borrower shall have delivered to the
Agent for redelivery to each of the Banks the favorable opinion of
Richard D. Teeple, Esquire, General Counsel of the Borrower (a) as to the
action which has been taken to authorize the making and performance by
the Borrower of this Agreement and the Notes issued under this Agreement,
(b) as to the due authorization, execution, delivery and validity of this
Agreement and the Notes to be issued under this Agreement and (c) as to
such other matters as the Agent may reasonably require substantially in
the form of Exhibit “G” hereto.

-58-

ARTICLE VII.EVENTS OF DEFAULT.

7.1 Immediate Defaults. If one or more of the following Events of Default occur:

7.1a Insolvency.

		
	 	      (i) Involuntary Proceedings. A proceeding shall have been
instituted in a court having jurisdiction seeking a decree or order for
relief in respect of the Borrower or any Subsidiary in an involuntary
case under federal or foreign bankruptcy laws, or any other similar
applicable federal, state, or foreign law, now or hereafter in effect, or
for the appointment of a receiver, liquidator, trustee, sequestrator or
similar official for the Borrower or the affected Subsidiary or for a
substantial part of its property, or for the winding up or liquidation of
its affairs, and such shall result in the entry of an order for relief or
remain undismissed or unstayed and in effect for a period of sixty (60)
days; or
	 
	 	      (ii) Voluntary Proceedings. The Borrower or any Subsidiary shall
institute proceedings to be adjudicated a voluntary bankrupt, or shall
consent to the filing of a bankruptcy proceeding against it, or shall
file a petition or answer or consent seeking reorganization under federal
or foreign bankruptcy laws, or any other similar applicable federal,
state or foreign law now or hereinafter in effect, or shall consent or
acquiesce in or to the filing of any such petition or shall consent to or
acquiesce in the appointment of a receiver, liquidator, trustee,
sequestrator or similar official for the Borrower or any Subsidiary or
for a substantial part of its property, or shall make an assignment for
the benefit of creditors, or shall admit in writing its inability to pay
its debts generally as they become due, or action shall be taken by the
Borrower or any Subsidiary in furtherance of any of the aforesaid
purposes; or

7.1b Dissolution. Except as permitted by Section 5.4 hereof, the existence of
the Borrower or any Subsidiary is terminated;

then, upon the happening of an event described in this Section 7.1, the Long
Term Revolving Credit Commitment and the Short Term Revolving Credit Commitment
shall immediately terminate and all Notes then outstanding and all Letters of
Credit Outstanding shall automatically become immediately due and payable
without presentment, demand, protest or notice of any kind, all of which are
hereby waived, and the Agent shall not be under any obligation to issue or
amend a Letter of Credit; further during the sixty (60) day period referred to
in Section 7.1a (i) the Banks shall be under no obligations to make Loans and
the Agent shall be under no obligation to issue or amend a Letter of Credit.
The Agent shall promptly advise the Borrower, and each of the Banks, of the
occurrence, and the consequences, of the Event of Default; provided, however,
that failure to give notice to the Borrower shall not impair the effect of such
Event of Default.

7.2 Defaults at Option of Banks. If one or more of the following Events of
Default occur:

-59-

7.2a Payment. Default in the payment of (i) principal of or interest on any
Note, and continuance thereof for five (5) days, or (ii) any Facility Fee, any
Bid Rate Administrative Fee, any Letter of Credit Fee, any Fronting Fee, any
Optional Currency Fee or any Agent’s Fee and continuance thereof for ten (10)
days; or

7.2b Agreements. Default in the performance of any of the Borrower’s
agreements (including but not limited to those set forth in Articles IV and V
hereof) herein set forth (and not constituting an Event of Default under any of
the preceding subsections of this Article VII) and continuance of such default
for thirty (30) days after notice thereof to the Borrower from the Agent or any
Bank; or

7.2c Other Indebtedness. Default by the Borrower in the payment when due, of
any obligation in an amount in excess of $10,000,000 for money borrowed or
guaranteed, (whether by acceleration or otherwise) or default by the Borrower
in the performance of any agreement under which any such obligation is created
if the effect of such default is to cause such obligation to become, or to
permit the holder or holders of such obligations to declare such obligation,
due prior to its expressed maturity; or

7.2d Misrepresentation. Any representation or warranty made by the Borrower
herein is untrue in any material respect, or any schedule, statement, report,
notice or writing furnished by the Borrower or on behalf of the Borrower to the
Agent or the Banks is untrue in any material respect on the dates as of which
the facts set forth are stated or certified; or

7.2e Monetary Judgments. A final uninsured judgment which, with other
outstanding final judgments against the Borrower and its Subsidiaries, exceeds
the aggregate amount of $10,000,000 shall be rendered against the Borrower or
any Subsidiary and if, within sixty (60) days after entry thereof, such
judgment shall not have been vacated or discharged, written agreement shall not
have been reached with the plaintiff in such action providing for the payment
of any monetary award set forth in such judgment, or execution thereof shall
not have been stayed pending appeal, or if, within sixty (60) days after the
expiration of any such stay, such judgment shall not have been discharged or a
written agreement shall not have been reached with the plaintiff in such action
providing for the payment of any monetary award set forth in such judgment; or

7.2f Litigation. Notice is given to the Borrower by the Agent or any Bank
that, in the opinion of the Agent or such Bank, any litigation or governmental
proceeding which has been instituted against the Borrower or any Subsidiary
will reasonably be likely to have a Material Adverse Effect, and within thirty
(30) days after such notice (i) such litigation or proceeding is not dismissed
or (ii) an opinion of the Borrower’s or the affected Subsidiary’s trial counsel
shall not have been received by each Bank, in form and substance satisfactory
to each Bank, that the Borrower or the affected Subsidiary has a meritorious
position and will ultimately prevail in the proceedings; or

7.2g Change of Control. Any Person or group of Persons (within the meaning of
Sections 13(d) or 14(d)(2) of the Securities and Exchange Act of 1934), other
than the then current officers or directors of the Borrower or an underwriter
which obtains such ownership as a

-60-

result of effecting a firm commitment underwriting of a secondary offering of
the Borrower’s voting stock on behalf of such officers or directors, shall have
acquired beneficial ownership (within the meaning of Rule 13d-3 promulgated by
the Securities and Exchange Commission under said Act) of twenty percent (20%)
or more of the voting stock of the Borrower;

then, if any such event described in this Section 7.2 shall be continuing, the
Agent may, and upon request of the Required Banks will, declare the Long Term
Revolving Credit Commitment and the Short Term Revolving Credit Commitment to
be terminated and all Notes then outstanding and all Letters of Credit
Outstanding to be due and payable, whereupon the Long Term Revolving Credit
Commitment and the Short Term Revolving Credit Commitment shall immediately
terminate, the Agent shall not be under any obligation to issue or amend a
Letter of Credit, and all then outstanding Notes, Letters of Credit Outstanding
and Participation Advances shall become immediately due and payable, all
without presentment, demand, protest or further notice of any kind, all of
which are hereby waived.

7.3 Remedies upon Default. In case any one or more Events of Default shall
occur and be continuing, the Agent on behalf of the Banks may proceed to
protect and enforce its rights by an action at law, suit in equity or other
appropriate proceeding, whether for the specific performance of any agreement
contained herein in the Notes held by it or in any Letter of Credit, or for an
injunction against a violation of any of the terms hereof or thereof, or in aid
of the exercise of any power granted hereby or thereby or by law. No right,
power or remedy conferred by this Agreement or by any Note upon any Bank shall
be exclusive of any other right, power or remedy referred to herein or therein
or now or hereafter available at law, in equity, by statute or otherwise.

7.4 Cash Collateral. Upon the occurrence of any Event of Default described in
Section 7.1 or upon the declaration by the Required Banks of any other Event of
Default and the termination of the Long Term Revolving Credit Commitment, the
obligation of the Agent to issue or amend Letters of Credit shall terminate,
and an amount equal to the maximum amount which may at any time be drawn under
the Letters of Credit then outstanding (whether or not any beneficiary of such
Letters of Credit shall have presented, or shall be entitled at such time to
present, the drafts or other documents required to draw under such Letters of
Credit) shall automatically become immediately due and payable, without
presentment, demand, protest or other requirements of any kind, all of which
are hereby expressly waived by the Borrower; provided that the foregoing shall
not affect in any way the obligations of the Banks to purchase from the Agent
participations in the unreimbursed amount of any drawings under the Letters of
Credit issued by it as provided in Section 2.11d. So long as the Letters of
Credit shall remain outstanding, any amounts declared due pursuant to this
Section 7.4 with respect to the outstanding Letters of Credit when received by
the Agent shall be deposited and held by the Agent in an interest bearing
account denominated in the name of the Agent for the benefit of the Agent and
the Banks over which the Agent shall have sole dominion and control of
withdrawals (the “Cash Collateral Account”) as cash collateral for the
obligation of the Borrower to reimburse the Agent in the event of any drawing
under the Letters of Credit and upon any drawing under such Letters of Credit
in respect of which the Agent has deposited in the Cash Collateral Account any
amounts declared due pursuant to this Section 7.4, the Agent shall apply such
amounts held by the Agent to reimburse the Agent for the amount of such
drawing. In the

-61-

event that any Letter of Credit in respect of which the Agent has deposited in
the Cash Collateral Account any amounts described above is cancelled or expires
or in the event of any reduction in the maximum amount available at any time
for drawing under any of the Letters of Credit outstanding, the Agent shall
apply the amount then in the Cash Collateral Account designated to reimburse
the Agent for any drawings under the Letters of Credit issued by it less the
maximum amount available at any time for drawing under the Letters of Credit
remaining outstanding immediately after such cancellation, expiration or
reduction, if any, to the payment in full of the outstanding Bank Indebtedness,
and second, to the payment of any excess, to the Borrower.

ARTICLE VIII. AGENT.

8.1 Appointment and Grant of Authority. The Banks hereby appoint PNC Bank,
National Association, and PNC Bank, National Association hereby agrees to act,
as the Agent under this Agreement. The Agent shall have and may exercise such
powers under this Agreement as are specifically delegated to the Agent by the
terms hereof, together with such other powers as are incidental thereto.

8.2 Non-Reliance on Agent. Each Bank agrees that it has, independently and
without reliance on the Agent or any other Bank, and based on such documents
and information as it has deemed appropriate, made its own credit analysis of
the Borrower and decision to enter into this Agreement and that it will,
independently and without reliance upon the Agent, and based on such documents
and information as it shall deem appropriate at the time, continue to make its
own analysis and decisions in taking or not taking action under this Agreement.
The Agent shall not be required to keep informed as to the performance or
observance by the Borrower of this Agreement or any other document referred to
or provided for herein or to inspect the properties or books of the Borrower or
any of its Subsidiaries. The Agent shall use its best efforts to relay to each
Bank any information pertaining to the Borrower or its Subsidiaries which comes
into the possession of the Agent’s Corporate Banking Division; provided
however, that except for notices, reports and other documents and information
expressly required to be furnished to each Bank by the Agent hereunder, the
Agent, in the absence of negligence or willful misconduct, shall not be liable
to any Bank for its failure to relay or furnish to any Bank any information.

8.3 Responsibility of the Agent and Other Matters.

8.3a Ministerial Nature of Duties. As between the Banks and itself, the Agent
shall have no duties or responsibilities except those expressly set forth in
this Agreement and those duties and liabilities shall be subject to the
limitations and qualifications set forth in this Article VIII. The duties of
the Agent shall be ministerial and administrative in nature.

8.3b Limitation of Liability. As between the Banks and itself, neither the
Agent nor any of its directors, officers, employees or agents shall be liable,
except for negligence or willful misconduct, for any action taken or omitted
(whether or not such action taken or omitted is within or without the Agent’s
responsibilities and duties expressly set forth in this Agreement) under or in
connection with this Agreement or any other instrument or document in
connection herewith. Without limiting the foregoing, neither the Agent nor any
of its directors, officers,

-62-

employees or agents shall be responsible for, or have any duty to examine (i)
the genuineness, execution, validity, effectiveness, enforceability, value or
sufficiency of (A) this Agreement or the Notes or (B) any document or
instrument furnished pursuant to or in connection with this Agreement or the
Notes, (ii) the collectibility of any amounts owed by the Borrower, (iii) the
truthfulness of any recitals or statements or representations or warranties
made to the Agent in connection with this Agreement or the Notes, (iv) any
failure of any party to this Agreement to receive any communication sent,
including any telegram, telex, teletype, facsimile transmission, bank wire,
cable, radiogram or telephone message sent or any writing, application, notice,
report, statement, certificate, resolution, request, order, consent letter or
other instrument or paper or communication entrusted to the mails or to a
delivery service, or (v) the assets or liabilities or financial condition or
results of operations or business or credit worthiness of the Borrower.

8.3c Reliance. The Agent shall be entitled to act, and shall be fully
protected in acting upon, any telegram, telex, telecopy, bank wire or cable or
any writing, application, notice, report, statement, certificate, resolution,
request, order, consent, letter or other instrument or paper or communication
believed by the Agent in good faith to be genuine and correct and to have been
signed or sent or made by a proper Person. The Agent may consult counsel and
shall be entitled to act, and shall be fully protected in any action taken in
good faith, in accordance with advice given by counsel. The Agent may employ
agents and attorneys-in-fact and shall not be liable for the default or
misconduct of any such agents or attorneys-in-fact selected by the Agent with
reasonable care. The Agent shall not be bound to ascertain or inquire as to
the performance or observance of any of the terms, provisions or conditions of
this Agreement or the Notes on the part of the Borrower.

8.4 Action on Instructions. The Agent shall be entitled to act or refrain from
acting, and in all cases shall be fully protected in acting or refraining from
acting, under this Agreement or the Notes or any other instrument or document
in connection herewith or therewith in accordance with instructions in writing
or by telegraph from the appropriate number of Banks, as the case may be.

8.5 Action in Event of Default. If an Event of Default has occurred, the Banks
shall immediately consult with one another in an attempt to agree upon a
mutually acceptable course of conduct. Failing unanimous agreement upon a
course of conduct and if the appropriate number of Banks wish to declare an
Event of Default or exercise their rights hereunder, the Agent will exercise
the rights of the Banks hereunder as directed by the appropriate number of
Banks.

8.6 Indemnification. To the extent the Borrower does not reimburse and save
harmless the Agent according to the terms hereof for and from all costs,
expenses and disbursements in connection herewith, such costs, expenses and
disbursements, shall be borne by the Banks on a Pro Rata basis. Each Bank
hereby agrees on such basis (a) to reimburse Agent for all such costs, expenses
and disbursements on request and (b) to the extent of each such Bank’s pro rata
share, to indemnify and save harmless the Agent against and from any and all
losses, obligations, penalties, actions, judgments and suits and other costs,
expenses and disbursements of any kind or nature whatsoever which may be
imposed on, incurred by or asserted against the Agent, other than as a
consequence of actual negligence or willful misconduct on the part of the

-63-

Agent, arising out of or in connection with this Agreement or the Notes or any
agreement, instrument or document in connection herewith or therewith, or any
request of the Banks. Such indemnification of the Agent shall include, without
limitation, reimbursement for the costs, expenses and disbursements in
connection with defending itself against any claim or liability, or answering
any subpoena, related to the exercise or performance of any of its powers or
duties under this Agreement or the taking of any action under or in connection
with this Agreement or the Notes.

8.7 Agent’s Rights as a Bank. With respect to (a) the commitment of the Agent
as a Bank hereunder and any Loans of the Agent under this Agreement, (b) any
Note and any interest of the Agent in any Note, (c) any amount due the Agent
pursuant to Article II hereof not evidenced by a Note and (d) other amounts due
the Agent hereunder, the Agent shall have the same rights and powers under this
Agreement and any such Note as any other Bank and may exercise the same as
though it were not the Agent. The Agent may accept deposits from, lend money
to, and generally engage, and continue to engage, in any kind of business with
the Borrower and any of its Subsidiaries as if it were not the Agent.

8.8 Loan Advances.

8.8a Loan Advances by Agent Pursuant to the Agreement. Except as otherwise
provided in Section 8.8b hereof, unless the officers of the Agent responsible
for administering this Agreement shall have been notified in writing by a Bank
prior to the date of any Disbursement that such Bank will not make the amount
which would constitute its Pro Rata share of the Disbursement available to the
Agent on the date of such Disbursement, the Agent may (but shall not be
required to) assume that such Bank has made such amount available to the Agent
in the applicable currency on the date of such advance and the Agent, in
reliance upon such assumption, may make available to the Borrower a
corresponding amount in the applicable currency. If such Pro Rata share is
made available to the Agent on a date after the date of such Disbursement, such
Bank shall pay to the Agent on demand an amount in the applicable currency
equal to the product of (i) during each day included in the period referred to
in (iii) below, (a) for each Dollar funded Loan, the Federal Funds Effective
Rate or (b) for each Optional Currency funded Loan, the Euro-Rate, during each
day included in such period, multiplied by (ii) the amount of such Bank’s Pro
Rata share of such Disbursement, multiplied by (iii) a fraction, the numerator
of which is the number of days that elapse from and including the date of such
Disbursement to the date on which such Pro Rata share of such Disbursement
shall become immediately available to the Agent and the denominator of which is
360. A statement of the Agent submitted to such Bank with respect to any
amounts owing under this Section 8.8a shall be prima facie evidence as to the
amount owed by such Bank to the Agent. If such Bank’s Pro Rata share is not in
fact made available to the Agent by such Bank within three (3) Business Days of
such borrowing date, the Agent shall be entitled to recover such amount with
interest thereon at the rate per annum applicable to the Base Rate Option
during such period, on demand, from such Bank.

8.8b Bid Rate Loans. Unless the officers of the Agent responsible for
administering this Agreement shall have been notified by any Bank making a Bid
Rate Loan pursuant to Section 2.5 hereof that such Bank will not make the
amount of such Bid Rate Loan available to

-64-

the Agent prior to 3:00 p.m. (Pittsburgh, Pennsylvania time) on the date of
such Bid Rate Loan, the Agent may (but shall not be required to) assume that
such Bank has made such amount available to the Agent prior to such time on the
date of such Bid Rate Loan and the Agent, in reliance upon such assumption, may
make available to the Borrower a corresponding amount. If such Bid Rate Loan
amount is made available to the Agent on a date after the date of such Bid Rate
Loan, such Bank shall pay to the Agent on demand an amount equal to the product
of (i) during each day included in the period referred to in item (iii) below,
the sum of (a) the Federal Funds Effective Rate during each day included in
such period plus (b) one hundred (100) basis points (1.0%) multiplied by (ii)
the amount of the Bid Rate Loan advanced, multiplied by (iii) a fraction, the
numerator of which is the number of days that elapse from and including the
date of such Bid Rate Loan to the date on which the corresponding amount shall
become immediately available to the Agent and the denominator of which is 360.
A statement of the Agent submitted to such Bank with respect to any amounts
owing under this Subsection 8.8b shall be prima facie evidence as to the amount
owed by such Bank to the Agent. If such amount is not in fact made available
to the Agent by such Bank within three (3) Business Days of such borrowing
date, the Agent shall be entitled to recover such amount with interest thereon
at the rate per annum applicable to the Base Rate Option plus one hundred (100)
basis points (1.0%) during such period, on demand, from such Bank.

8.9 Payment to Banks. Upon receipt by the Agent of any payment from the
Borrower in respect of such Banks’ obligations, the Agent shall promptly
deliver to each Bank its Pro Rata share of such payment. When possible, such
delivery shall be accomplished in such a manner so as to allow each Bank to
receive its Pro Rata share of such payment in immediately available funds on
the same day that the funds representing payment due from the Borrower are
collected funds in the possession of the Agent. It is understood that the
Borrower has no obligation to the Banks to ensure that the Agent forwards to
each Bank its Pro Rata share of any such payment.

8.10 Notice of Event of Default. Each Bank shall use its best efforts to
notify immediately in writing the other Banks of any Event of Default of which
it becomes aware.

8.11 Equalization of Banks. The Banks agree among themselves that, with
respect to all amounts received by any Bank for application on any obligation
hereunder, or on the Notes (excluding any payments on Bid Rate Notes),
equitable adjustment will be made in the manner stated in the next succeeding
sentence so that, in effect, all such amounts will be shared pro rata among the
Banks, whether received by realization upon security, by the exercise of the
right of set-off or banker’s lien, by counterclaim or cross action or from any
other non-pro rata source. Any Bank receiving any such amount shall purchase
for cash from the other Banks an interest in their Long Term Revolving Credit
Notes and Short Term Revolving Credit Notes in such amount as shall result in a
pro rata participation by each of the Banks in the aggregate unpaid amount of
all outstanding Notes then held by the Banks; provided that if all or any
portion of such amount is hereafter recovered from such Bank, such purchase
shall be rescinded and the purchase price restored to the extent of such
recovery without interest except as required by law or by any judgment or
settlement relating to such recovery.

-65-

8.12 Successor Agent. The Agent may resign upon sixty (60) days’ prior notice
to the Banks and the Borrower. If such notice shall be given, the Agent shall
use reasonable commercial efforts during such sixty (60) day period to procure
a successor satisfactory to the Banks and reasonably satisfactory the Borrower
to serve as agent hereunder and under the Notes. If at the end of such sixty
(60) day period, the Agent shall be unable to procure such a successor, the
Banks shall appoint from among the Banks a successor agent for the Banks. Any
such successor agent shall succeed to the rights, powers and duties of the
Agent. Upon the appointment of such successor agent or upon the expiration of
such sixty (60) day period (or any longer period to which the Agent has
agreed), the former Agent’s rights, powers and duties as Agent shall be
terminated, without any other or further act or deed on the part of such former
Agent or any of the parties to this Agreement; provided, however, the retiring
Agent shall continue to hold as custodian any collateral in its possession
until such time as it can deliver such collateral to the successor agent.
After any retiring Agent’s resignation hereunder, the provisions of this
Article VIII shall inure to the benefit of such retiring Agent as to any
actions taken or omitted to be taken by it while it was Agent under this
Agreement.

ARTICLE IX. GENERAL PROVISIONS.

9.1 Waiver of Rights of Set-Off. Except for the Cash Collateral Account, the
Banks waive any and all rights of banker’s lien, counterclaim and recoupment
and any and all right to set-off against the unpaid balance of the Notes or any
participation therein as to any debt owing to the Borrower by the Banks,
including, without limitation, any funds in any deposit account (general or
special) maintained by the Borrower with the Banks.

9.2 Amendments. No amendment or waiver of any provision of this Agreement or
the Notes, nor consent to any departure therefrom by the Borrower shall be
effective unless the same shall be in writing and signed by the Borrower, the
Agent and the Required Banks, and then such amendment, waiver or consent shall
be effective only in the specific instance and for the specific purpose for
which given; provided, however, that no amendment, waiver or consent, unless in
writing and signed by the Agent and all of the Banks, shall do any of the
following: (a) increase the Long Term Revolving Credit Commitment of any Bank
or the maximum aggregate principal amount of the Long Term Revolving Credit
Notes, (b) increase the Short Term Revolving Credit Commitment of any Bank or
the maximum aggregate principal amount of the Short Term Revolving Credit
Notes, (c) reduce the principal of, alter the formulas for calculating interest
on, the Notes or reduce any fees hereunder, (d) postpone any date fixed for any
payment of principal of, or interest on, the Notes, any Facility Fee, any
Letter of Credit Fee, any Fronting Fee, any Optional Currency Fee, the Agent’s
Fee, the Bid Rate Administration Fee, or any of the obligations of the Borrower
set forth in Article II, (e) amend the definition of Required Banks, (f) amend
this Section 9.2 or (g) amend any section hereof which by its terms requires
consent of all of the Banks. No amendment modification or waiver which would
adversely affect the interest rights or obligation of the Agent shall be made
without the consent of the Agent. In the case of any waiver or consent
relating to any provision of this Agreement, the parties shall be restored to
their former positions and rights hereunder (unless otherwise expressly set
forth therein), and the Event of Default so waived or consented to shall be
deemed to be cured and not continuing; but no such waiver or consent shall
extend to any subsequent or other Event of Default or impair any right
consequent thereon.

-66-

9.3 No Implied Waiver; Cumulative Remedies.

9.3a No Implied Waiver. No delay on the part of Agent or any Bank in the
exercise of any power or right shall operate as a waiver thereof, nor shall any
single or partial exercise of any power or right preclude other or further
exercise thereof, or the exercise of any other power or right.

9.3b Cumulative Remedies. No delay or failure of the Agent or the Banks in
exercising any right, power or remedy under this Agreement shall operate as a
waiver hereof; nor shall any single or partial exercise thereof or any
abandonment or discontinuance of steps to enforce such a right, power or remedy
preclude any other or further exercise thereof or the exercise of any other
right, power or remedy hereunder. The rights and remedies in this Agreement
are cumulative and not exclusive of any rights or remedies (including, without
limitation, the right of specific performance) which the Agent or the Banks
would otherwise have.

9.4 Certain Taxes. The Borrower agrees to pay, and save the Agent and the
Banks harmless from, all liability for any stamp or other taxes which may be
payable with respect to the execution or delivery of this Agreement, the Long
Term Revolving Credit Notes, the Short Term Revolving Credit Notes, the Bid
Rate Notes, the Letters of Credit or any other documents, instruments or
transactions pursuant to or in connection herewith or therewith, which
obligation shall survive the termination of this Agreement.

9.5 Notices.

      Any notice, request, demand, direction or other communication (for
purposes of this Section 9.5 only, a “Notice”) to be given to or made upon any
party hereto under any provision of this Agreement shall be given or made by
telephone or in writing (which includes by means of electronic transmission
(i.e., “e-mail”) or facsimile transmission or by setting forth such Notice on a
site on the World Wide Web (a “Website Posting”) if Notice of such Website
Posting (including the information necessary to access such site) has
previously been delivered to the applicable parties hereto by another means set
forth in this Section 9.5) in accordance with this Section 9.5. Any such
Notice must be delivered to the applicable parties hereto at the addresses and
numbers set forth under their respective signatures hereto on or to an
assignment and assumption executed by such Bank or in accordance with any
subsequent unrevoked Notice from any such party that is given in accordance
with this Section 9.5. Any Notice shall be effective:

      (i) In the case of hand-delivery, when delivered;

      (ii) If given by mail, four days after such Notice is deposited with the
United States Postal Service, certified or registered mail postage prepaid,
return receipt requested;

      (iii) In the case of a telephonic Notice, when a party is contacted by
telephone, if delivery of such telephonic Notice is confirmed no later than the
next Business Day by hand delivery, a

-67-

facsimile or electronic transmission, a Website Posting or an overnight
courier delivery of a confirmatory Notice (received before the close of
business on such next Business Day);

      (iv) In the case of a facsimile transmission, when sent to the applicable
party’s facsimile machines telephone number, if the party sending such Notice
receives confirmation of the delivery thereof from its own facsimile machine;

      (v) In the case of electronic transmission, when actually received;

      (vi) In the case of a Website Posting, upon delivery of a Notice of such
posting (including the information necessary to access such site) by another
means set forth in this Section 9.5; and

      (vii) If given by any other means (including by overnight courier), when
actually received.

Any Bank giving a Notice to the Borrower shall concurrently send a copy thereof
to the Agent, and the Agent shall promptly notify the other Banks of its
receipt of such Notice.

9.6 Costs. The Borrower will pay all reasonable out-of-pocket costs and
expenses of (i) the Agent (including without limitation the reasonable fees and
disbursements of the Agent and the Agent’s special counsel) in connection with
the preparation, of the Loan Documents and waivers or amendments thereto and
(ii) the Agent and the Banks and their respective counsel in connection with
the enforcement of the Loan Documents.

9.7 Severability. Any provision of this Agreement which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or enforceability without
invalidating the remaining portions hereof or affecting the validity or
enforceability of such provision in any other jurisdiction.

9.8 Covenants to Survival. Until payment in full of the Bank Indebtedness and
the termination of the Long Term Revolving Credit Commitment and the Short Term
Revolving Credit Commitment and the expiration or cancellation of all Letters
of Credit, all representations, warranties, covenants and agreements of the
Borrower contained herein or made in writing in connection herewith shall
survive the advances of money made by the Banks to the Borrower hereunder and
the delivery of the Long Term Revolving Credit Notes, the Short Term Revolving
Credit Notes, the Bid Rate Notes or the Letters of Credit and all such
representations, warranties, covenants and agreements shall inure to the
benefit of the successors and assigns of the Banks and the Agent, whether or
not so expressed.

9.9 Investment. Each Bank represents that it is the present intention of such
Bank to acquire each Note made to its order for its own account for the purpose
of investment and not with a view to the distribution or sale thereof, subject,
nevertheless, to the necessity that such Bank remain in control at all times of
the disposition of property held by it for its own account; it being understood
that the foregoing representation shall not affect the character of the Loans
as commercial lending transactions.

9.10 Holiday Payments. If any payments to be made by the Borrower hereunder
shall become due on a date not a Business Day, such payments shall be made on
the next succeeding

-68-

Business Day and such extension of time shall be included in computing any
interest in respect of such payment.

9.11 Governing Law. This Agreement, each Long Term Revolving Credit Note, each
Short Term Revolving Credit Note and each Bid Rate Note shall each be a
contract made under and governed by the laws of the Commonwealth of
Pennsylvania.

9.12 Successors, Assigns and Participations.

9.12a Successors and Assigns.

      (i) This Agreement shall be binding upon the Borrower, the Banks and the
Agent and their respective successors and assigns, and shall inure to the
benefit of the Borrower, the Banks and the Agent and the successors and assigns
of the Banks and the Agent. The foregoing sentence notwithstanding, the
Borrower may not, without the consent of all of the Banks, nor shall any Bank
without the consent of the Borrower and the Agent, such consent not to be
unreasonably withheld, assign or transfer its rights or duties hereunder;
provided however that at any time that an Event of Default exists the
Borrower’s consent to any assignment by a Bank of its rights and duties
hereunder shall not be required. Further, no consent shall be required for
assignments to the Federal Reserve Bank of New York or for assignments
described in Section 9.12(a) (ii). Each assignment by a Bank (A) shall be in a
minimum amount of $5,000,000; and (B) shall be evidenced in a manner in form
and substance reasonably satisfactory to the Agent. The Agent shall be
entitled to receive, from the assigning Bank, a fee of $3,500.00 at the time of
each assignment for processing such assignment.

      (ii) Notwithstanding anything to the contrary contained herein, any Bank
(a “Granting Bank”) may grant to a special purpose funding Person (an “SPC”)
the option to fund all or any part of any Loan that such Granting Bank would
otherwise be obligated to fund pursuant to this Agreement; provided, however,
that (A) nothing herein shall constitute a commitment by any SPC to fund any
Loan, and (B) if an SPC elects not to exercise such option or otherwise fails
to fund all or any part of such Loan, the Granting Bank shall be obligated to
fund such Loan pursuant to the terms hereof; and, provided, further, (A) all
credit decisions relating to any such funding by the SPC shall be made by the
Granting Bank for and on behalf of the SPC, (B) the SPC shall have no voting
rights under any of the Loan Documents, and (C) except for the payment of
principal, interest and fees, if any, the Agent shall be entitled to treat the
Granting Bank as the Bank for all purposes hereunder as if the SPC had made no
funding of any Loan. The funding of a Loan by an SPC hereunder shall utilize
the Long Term Revolving Credit Commitment or the Short Term Revolving Credit
Commitment of the Granting Bank to the same extent, and as if, such Loan were
funded by such Granting Bank. Each party hereto hereby agrees that no SPC shall
be liable for any indemnity or payment under this Agreement for which a Bank
would otherwise be liable for so long as, and to the extent, the Granting Bank
provides such indemnity or makes such payment. Notwithstanding anything to the
contrary contained in this Agreement, any SPC may 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 to such
SPC. This Section may not be amended without the

-69-

prior written consent of each Granting Bank, all or any part of whose Loan
is being funded by an SPC at the time of such amendment.

9.12b Participations. Any Bank may, in the ordinary course of its commercial
banking business and in accordance with applicable law, at any time sell to one
or more Participants participating interests in any Long Term Revolving Credit
Loan, Short Term Revolving Credit Loan, Bid Rate Loan or Letter of Credit owing
to such Bank, the interest of such Bank in any Long Term Revolving Credit Note,
Short Term Revolving Credit Note, Bid Rate Note or Letter of Credit of such
Bank, or any other interest of such Bank hereunder. In the event of any such
sale by a Bank of participating interests to a Participant, such Bank’s
obligations under this Agreement to the other parties to this Agreement shall
remain unchanged, such Bank shall remain solely responsible for the performance
thereof, such Bank shall remain the holder of any such Long Term Revolving
Credit Note, Short Term Revolving Credit Note, Bid Rate Note or Letter of
Credit for all purposes under this Agreement (including voting rights
hereunder), and the Borrower and the Agent shall continue to deal solely and
directly with such Bank in connection with such Bank’s rights and obligations
under this Agreement. As between any Bank and its Participant, the
Participant’s ability to direct such Bank to vote shall be limited to (i) an
increase in the Long Term Revolving Credit Commitment or Short Term Revolving
Credit Commitment, (ii) a reduction in the interest rate or fees due the Banks,
and (ii) a postponement of the scheduled payments of principal or interest.

9.13 Counterparts. This Agreement may be executed in as many identical
counterparts as shall be convenient and by the different parties hereto on
separate counterparts. This Agreement shall become binding when each of the
Agent, the Banks and the Borrower has executed at least one counterpart.
Immediately after the execution of counterparts and solely for the convenience
of the parties hereto, the Agent, the Borrower and the Banks will execute
sufficient counterparts so that the Borrower shall have counterparts executed
by each of the Banks and the Agent and the Banks shall have counterparts
executed by the Agent, the Borrower and the Banks. All counterparts shall
constitute but one and the same instrument.

9.14 Funding by Branch, Subsidiary or Affiliate.

      (a) Notional Funding. Each Bank shall have the right from time to time,
without notice to the Borrower, to deem any branch, Subsidiary or Affiliate
(which for the purposes of this Section 9.14 shall mean any corporation or
association which is directly or indirectly controlled by or is under direct or
indirect common control with any corporation or association which directly or
indirectly controls such Bank) of such Bank to have made, maintained or funded
any Loan in Dollars or in any Optional Currency to which the Euro-Rate Option
applies at any time, provided that immediately following (on the assumption
that a payment was then due from the Borrower to such other office) and as a
result of such change the Borrower would not be under any greater financial
obligation than it would have been in the absence of such change. Notional
funding offices may be selected by each Bank without regard to the Bank’s
actual methods of making, maintaining or funding the Loans or any sources of
funding actually used by or available to such Bank.

-70-

      (b) Actual Funding. Each Bank shall have the right from time to time to
make or maintain any Loan by arranging for a branch, Subsidiary or Affiliate of
such Bank to make or maintain such Loan subject to the last sentence of this
Section 9.14(b). If any Bank causes a branch, Subsidiary or Affiliate to make
or maintain any part of the Loans hereunder, all terms and conditions of this
Agreement shall, except where the context clearly requires otherwise, be
applicable to such part of the Loans to the same extent as if such Loans were
made or maintained by such Bank, provided that in no event shall any Bank’s use
of such a branch, Subsidiary or Affiliate to make or maintain any part of the
Loans hereunder cause such Bank or such branch, Subsidiary or Affiliate to
incur any cost or expenses payable by the Borrower hereunder or require the
Borrower to pay any other compensation to any Bank which would otherwise not be
incurred.

9.15 Tax Withholding Forms. Each Bank or assignee or participant of a Bank
that is not incorporated under the Laws of the United States of America or a
state thereof agrees that it will deliver to each of the Borrower and the Agent
two (2) duly completed copies of the following: (i) Internal Revenue Service
Form W-9, 4224 or 1001, or other applicable form prescribed by the Internal
Revenue Service, certifying that such Bank, assignee or participant is entitled
to receive payments under this Agreement and the other Loan Documents without
deduction or withholding of any United States federal income taxes, or is
subject to such tax at a reduced rate under an applicable tax treaty, or (ii)
Internal Revenue Service Form W-8 or other applicable form or a certificate of
the Bank, assignee or participant indicating that no such exemption or reduced
rate is allowable with respect to such payments. Each assignee or participant
shall deliver such form or certificate on or before the effective date of such
assignment or participation. Each Bank, assignee or participant which so
delivers a Form W-8, W-9, 4224 or 1001 further undertakes to deliver to each of
the Borrower and the Agent two (2) additional copies of such form (or a
successor form) on or before the date that such form expires or becomes
obsolete or after the occurrence of any event requiring a change in the most
recent form so delivered by it, and such amendments thereto or extensions or
renewals thereof as may be reasonably requested by the Borrower or the Agent,
either certifying that such Bank, assignee or participant is entitled to
receive payments under this Agreement and the other Loan Documents without
deduction or withholding of any United States federal income taxes or is
subject to such tax at a reduced rate under an applicable tax treaty or stating
that no such exemption or reduced rate is allowable. The Agent shall be
entitled to withhold United States federal income taxes at the full withholding
rate unless the Bank, assignee or participant establishes an exemption or that
it is subject to a reduced rate as established pursuant to the above
provisions.

9.16 Amendment and Restatement of Original Credit Agreement. This Agreement is
intended to amend and restate the provisions of the Original Credit Agreement
and, as of the Restatement Closing Date, except as expressly modified herein:
(a) all of the terms and provisions of the Original Credit Agreement shall
continue to apply for the period prior to the Restatement Closing Date,
including any determinations of payment dates, interest rates, Events of
Default or any amount that may be payable to Agent or any Bank, and (b) the
Bank Indebtedness (as defined in the Original Credit Agreement) under the
Original Credit Agreement shall continue to be paid or prepaid in accordance
with the Original Credit Agreement on or prior to the Restatement Closing Date
and shall from and after the Restatement Closing Date continue

-71-

to be owing and be subject to the terms of this Agreement. All references in
any or all of the Loan Documents to the Original Credit Agreement shall be
deemed to be a reference to this Agreement, as it may be amended, restated,
supplemented or otherwise modified from time to time, and such Loan Documents
are hereby amended to reflect such reference. Bank Indebtedness (as defined in
the Original Credit Agreement) shall be governed by this Agreement from and
after the Restatement Closing Date. On the Restatement Closing Date, the
Existing Banks shall deliver to the Agent all existing Long Term Revolving
Credit Notes, Short Term Revolving Credit Notes and Bid Rate Notes and shall
authorize the Agent to mark such notes as “paid by substitution”. Upon receipt
of all existing Long Term Revolving Credit Notes, Short Term Revolving Credit
Notes and Bid Rate Notes, the Agent shall mark such notes as “paid by
substitution” and shall deliver them to the Borrower. The Borrower, in
accordance with Section 6.2 hereof, shall, on the Restatement Closing Date,
deliver to the Agent new fully executed Long Term Revolving Credit Notes, Short
Term Revolving Credit Notes and Bid Rate Notes.

9.17 Joinder to Agreement; Assignment of Interests under the Original Credit
Agreement. (a) By executing and delivering this Agreement, each of Fifth Third
Bank, Northwestern Ohio, N.A., and SunTrust Bank (each a “Joining Bank”) hereby
agrees to be bound by the terms and conditions of the Original Credit
Agreement, as amended hereby. Each Joining Bank hereby acknowledges and agrees
that each of its Long Term Revolving Credit Commitment, Short Term Revolving
Credit Commitment and Pro Rata share is set forth opposite its signature to
this Agreement.

      (b) By executing and delivering this Agreement, the Borrower, the Agent
and the Existing Banks consent to the joinder of each of the Joining Banks as a
party to this Agreement as a lender and each of the Joining Banks shall have
the full benefits of this Agreement. On and after the Restatement Closing
Date, the term “Bank” shall include each of the Joining Banks and their
successors and assigns.

      (c) On and as of the Restatement Closing Date, each of the Existing Banks
(on a pro rata basis) hereby agrees to sell without recourse, and each of the
Joining Banks hereby agrees to purchase without recourse, such an interest in
the outstanding Long Term Revolving Credit Loans, outstanding Short Term
Revolving Credit Loans and the Commitments (as such terms are defined in the
Original Credit Agreement) as is required to give each of the Joining Banks its
Pro Rata share of the Long Term Revolving Credit Loans, Short Term Revolving
Credit Loans and the Commitments existing on or as of the opening of business
on the Restatement Closing Date.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

-72-

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

	 	 	 
	ATTEST/WITNESS:		COOPER TIRE & RUBBER COMPANY
	 
	____________________________

Name:_______________________

Title:________________________		
By ___________________________

Name:_________________________

Title:__________________________
	 
			
By ___________________________

Name:_________________________

Title:__________________________
	 
			
PNC BANK, NATIONAL ASSOCIATION

as Agent
	 
			
By ___________________________

Name:_________________________

Title:__________________________

 

      IN WITNESS WHEREOF, intending to be legally bound hereby, the undersigned
Bank has caused this Agreement by and among COOPER TIRE & RUBBER COMPANY as the
Borrower, the Financial Institutions Party thereto, as the Banks, and PNC BANK,
NATIONAL ASSOCIATION, as the Agent, to be executed by its duly authorized
officers as of the date first above written.

	 	 	 
	Maximum Dollar Amount of Long Term		NATIONAL CITY BANK
	Revolving Credit Commitment	
	$27,857,142.86
	
	
	
	

	Long Term Revolving Credit
Commitment Percentage		By:_______________________
	18.5714285714%		Name: Terri L. Cable
	Maximum Dollar Amount of Short Term Revolving
Credit Commitment		
Title: Senior Vice President
	
	
	
	

	$37,142,857.14
	
	
	
	

	Short Term Revolving Credit
Commitment Percentage
	
	
	
	

	18.5714285714%
	 
	Address for notice purposes:
	 
	National City Bank
	
	
	
	

	1900 East Ninth Street, 7th Floor LOC 2077
	
	
	
	

	Cleveland, OH 44114

		
	
	
	
	

	Attention:	Terri L. Cable
	
	
	
	

	Title:	Senior Vice President
	
	
	
	

	Telephone:	(216) 575-3354
	
	
	
	

	Facsimile:	(216) 222-0003
	 
	Address for Euro-Rate Funding if different from above:
	 
	National City Bank
	
	
	
	

	1900 East Ninth Street, 7th Floor LOC 2077
	
	
	
	

	Cleveland, OH 44114
	
	
	
	

	Attention:	Terri L. Cable
	
	
	
	

	Title:	Senior Vice President
	
	
	
	

	Telephone:	(216) 575-3354
	
	
	
	

	Facsimile:	(216) 222-0003

 

      IN WITNESS WHEREOF, intending to be legally bound hereby, the undersigned
Bank has caused this Agreement by and among COOPER TIRE & RUBBER COMPANY as the
Borrower, the Financial Institutions Party thereto, as the Banks, and PNC BANK,
NATIONAL ASSOCIATION, as the Agent, to be executed by its duly authorized
officers as of the date first above written.

	 	 	 
	Maximum Dollar Amount of Long Term Revolving		BANK ONE, MICHIGAN
	Credit Commitment
	$19,285,714.29
	
	
	
	

	Long Term Revolving Credit Commitment Percentage		By:_______________________
	
	
	
	

	12.8571428571%		Name: William C. Goodhue
	Maximum Dollar Amount of Short Term Revolving
Credit Commitment		Title: Managing Director
	
	
	
	

	$25,714,285.71
	
	
	
	

	Short Term Revolving Credit Commitment Percentage
	
	
	
	

	12.8571428571%
	 
	Address for notice purposes:

	 	 
	Bank One, Michigan
	611 Woodward Avenue
	Detroit, MI 48226
	Attention:	William C. Goodhue
	Title:	Managing Director
	Telephone:	(313) 225-2227
	Facsimile:	(313) 226-0855
	 
	Address for Euro-Rate Funding if different from above:
	 
	______________________________

______________________________

______________________________

Telephone:_____________________

Facsimile:______________________

Telex:_________________________

 

      IN WITNESS WHEREOF, intending to be legally bound hereby, the undersigned
Bank has caused this Agreement by and among COOPER TIRE & RUBBER COMPANY as the
Borrower, the Financial Institutions Party thereto, as the Banks, and PNC BANK,
NATIONAL ASSOCIATION, as the Agent, to be executed by its duly authorized
officers as of the date first above written.

	 	 	 
	Maximum Dollar Amount of Long Term		PNC BANK, NATIONAL ASSOCIATION
	Revolving Credit Commitment
	$32,142,857.13
	
	
	
	

	Long Term Revolving Credit Commitment		By:_______________________
	
	
	
	

	Percentage		Name: Joseph G. Moran
	
	
	
	

	21.4285714286%		Title: Vice President
	
	
	
	

	Maximum Dollar Amount of Short Term
Revolving Credit Commitment
	
	
	
	

	$42,857,142.87
	
	
	
	

	Short Term Revolving Credit Commitment

Percentage
	
	
	
	

	21.4285714286%
	 
	Address for notice purposes:
	 
	PNC Bank, NA

249 Fifth Avenue

P2 – PTPP-03-1

Pittsburgh, PA 15222

		
	Attention:	Peggy Collier
	Title:
	Telephone:	(412) 762-7946
	Facsimile:	(412) 768-4586

	 	 	 
	Address for Euro-Rate Funding if different from above:
	 
	______________________________

______________________________

______________________________

Telephone:_____________________

Facsimile:______________________

Telex:_________________________

 

      IN WITNESS WHEREOF, intending to be legally bound hereby, the undersigned
Bank has caused this Agreement by and among COOPER TIRE & RUBBER COMPANY as the
Borrower, the Financial Institutions Party thereto, as the Banks, and PNC BANK,
NATIONAL ASSOCIATION, as the Agent, to be executed by its duly authorized
officers as of the date first above written.

	 	 	 
	Maximum Dollar Amount of Long Term Revolving		THE CHASE MANHATTAN BANK
	Credit Commitment
	$12,857,142.86
	
	
	
	

	Long Term Revolving Credit Commitment Percentage		By:_______________________
	
	
	
	

	8.5714285714%		Name: Henry W. Centa
	Maximum Dollar Amount of Short Term Revolving
Credit Commitment		Title: Vice President
	
	
	
	

	$17,142,857.14
	
	
	
	

	Short Term Revolving Credit Commitment Percentage
	
	
	
	

	8.5714285714%
	 
	Address for notice purposes:
	 
	The Chase Manhattan Bank

250 West Huron Road

Cleveland, OH 44113-1451

		
	Attention:	Henry W. Centa
	Title:	Vice President
	Telephone:	(216) 479-2534
	Facsimile:	(216) 479-2732

	 	 	 
	Address for Euro-Rate Funding if different from above:
	 
	The Chase Manhattan Bank

______________________________

______________________________

Attention:______________________

Title:__________________________

Telephone:_____________________

Facsimile:______________________

 

      IN WITNESS WHEREOF, intending to be legally bound hereby, the undersigned
Bank has caused this Agreement by and among COOPER TIRE & RUBBER COMPANY as the
Borrower, the Financial Institutions Party thereto, as the Banks, and PNC BANK,
NATIONAL ASSOCIATION, as the Agent, to be executed by its duly authorized
officers as of the date first above written.

	 	 	 
	Maximum Dollar Amount of Long Term Revolving		THE BANK OF NEW YORK
	Credit Commitment
	$12,857,142.86
	
	
	
	

	Long Term Revolving Credit Commitment Percentage		By:_______________________
	
	
	
	

	8.5714285714%		Name: Edward J. Dougherty
	Maximum Dollar Amount of Short Term Revolving Credit Commitment		Title: Vice President
	
	
	
	

	$17,142,857.14
	
	
	
	

	Short Term Revolving Credit
Commitment Percentage
	
	
	
	

	8.5714285714%
	 
	Address for notice purposes:
	 
	The Bank of New York

One Wall Street

Automotive Division, 22nd Floor

New York, NY 10286

	 	 
	Attention:	Edward J. Dougherty
	Title:	Vice President
	Telephone:	(212) 635-7842
	Facsimile:	(212) 635-6434

	 	 	 
	Address for Euro-Rate Funding if different from above:
	 
	______________________________

______________________________

______________________________

Telephone:_____________________

Facsimile:______________________

Telex:_________________________

 

      IN WITNESS WHEREOF, intending to be legally bound hereby, the undersigned
Bank has caused this Agreement by and among COOPER TIRE & RUBBER COMPANY as the
Borrower, the Financial Institutions Party thereto, as the Banks, and PNC BANK,
NATIONAL ASSOCIATION, as the Agent, to be executed by its duly authorized
officers as of the date first above written.

	 	 	 
	Maximum Dollar Amount of Long Term Revolving		BANK OF AMERICA, N.A.
	Credit Commitment
	$27,857,142.86
	
	
	
	

	Long Term Revolving Credit Commitment Percentage		By:_______________________
	
	
	
	

	18.5714285714%		Name: Matthew J. Reilly
	Maximum Dollar Amount of Short Term Revolving
Credit Commitment		Title: Vice President
	
	
	
	

	$37,142,857.14
	
	
	
	

	Short Term Revolving Credit Commitment Percentage
	
	
	
	

	18.5714285714%
	 
	Address for notice purposes:
	 
	Bank of America, N.A.

231 South LaSalle Street

Chicago, IL 60697

		
	Attention:	Matthew J. Reilly
	Title:	Vice President
	Telephone:	(312) 828-7131
	Facsimile:	(312) 987-0303
	 
	Address for Euro-Rate Funding if different from above:
	 
	Bank of America Credit Services

101 North Tryon Street

Charlotte, NC 28255

		
	Attention:	Carole Greene
	Title:	Customer Service Representative
	Telephone:	(704) 386-9875
	Facsimile:	(704) 409-0069

 

      IN WITNESS WHEREOF, intending to be legally bound hereby, the undersigned
Bank has caused this Agreement by and among COOPER TIRE & RUBBER COMPANY as the
Borrower, the Financial Institutions Party thereto, as the Banks, and PNC BANK,
NATIONAL ASSOCIATION, as the Agent, to be executed by its duly authorized
officers as of the date first above written.

	 	 	 
	Maximum Dollar Amount
of Long Term Revolving 		FIFTH THIRD BANK, NORTHWESTERN
	Credit Commitment		OHIO, N.A.
	$8,571,428.57
	
	
	
	

	Long Term Revolving Credit Commitment Percentage		By:_______________________
	
	
	
	

	5.7142857143%		Name: Jeffery C. Shrader
	Maximum Dollar Amount of Short Term
Revolving Credit Commitment		Title: Vice President
	
	
	
	

	$11,428,571.43
	
	
	
	

	Short Term Revolving Credit Commitment Percentage
	
	
	
	

	5.7142857143%
	 
	Address for notice purposes:
	 
	337 South Main Street

Findlay, Ohio 45840

		
	Attention:	Jeffery C. Shrader
	Title:	Vice President
	Telephone:	(419) 424-8504
	Facsimile:	(419) 424-8547

	 	 	 
	Address for Euro-Rate Funding if different from above:
	 
	______________________________

______________________________

______________________________

Telephone:_____________________

Facsimile:______________________

Telex:_________________________

 

      IN WITNESS WHEREOF, intending to be legally bound hereby, the undersigned
Bank has caused this Agreement by and among COOPER TIRE & RUBBER COMPANY as the
Borrower, the Financial Institutions Party thereto, as the Banks, and PNC BANK,
NATIONAL ASSOCIATION, as the Agent, to be executed by its duly authorized
officers as of the date first above written.

	 	 	 
	Maximum Dollar Amount of Long Term Revolving		SunTrust Bank
	Credit Commitment
	$8,571,428.57
	
	
	
	

	Long Term Revolving Credit Commitment Percentage		By:_______________________
	
	
	
	

	5.7142857143%		Name: William Humphries
	Maximum Dollar Amount of Short Term Revolving
Credit Commitment		Title: Director
	
	
	
	

	$11,428,571.43
	
	
	
	

	Short Term Revolving Credit Commitment Percentage
	
	
	
	

	5.7142857143%
	 
	Address for notice purposes:
	 
	SunTrust Bank

303 Peachtree Street

3rd Floor, Mail Code: 1928

Atlanta, GA 30308

		
	Attention:	William Humphries
	Title:	Director
	Telephone:	(404) 724-3931
	Facsimile:	(404) 588-8505
	 
	Address for Euro-Rate Funding if different from above:

	 	 	 
	______________________________

______________________________

______________________________

Telephone:_____________________

Facsimile:______________________

Telex:_________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}]]