Document:

Employment Agreement

 
	

 

 

Exhibit 4.132

Agreement Number: ________

Employment Agreement

The
Employer (Party A): Beijing A.B.C Investment Consulting Co., Ltd.

The
Employee (Party B): Huakang Xiong

1

	
  

 
	
 Employment Agreement

 
	

 

 

Employment Agreement

The Employer (Party A): Beijing A.B.C Investment Consulting Co.,
Ltd.

Registered Address: 25B, New Poly Plaza, No. 1 North Chaoyangmen
Street, Dongcheng

District, Beijing

Legal Representative: Lin You Su

The Employee (Party B): Huakang Xiong

Address: 

ID Card Number: 422728195509130017

Technical Title: 

In order to specify
the rights and obligations of Party A and Party B, on the principles of
equality, freewill and consensus and after full and friendly consultations,
Party A and Party B have entered into this Employment Agreement for mutually
abiding by the articles hereunder.

Article 1 Position 

Party A employs
Party B to assume the position of General Manager of Fujian Region.

Article 2 Duties and Job Objectives 

(Please refer to the
Operation Goals Responsibility Letter separately concluded by Party A and Party
B.)

Article 3 Party A’s Authorization to Party B

(Please refer to the
Authorization Document issued by Party A to Party B.) 

Article 4 Agreement Term

The term of this
Agreement shall commence from May 1, 2009 to April 30, 2012. The
probationary period shall commence from the commencement date of this Agreement
to October 31, 2009.

Working Hours: Party
A agrees Party B to implement flexible working hours, but Party B shall report
to the designated personnel of Party A once or twice every week. In the event
that Party A’s rules and regulations otherwise require or the laws and
regulations concerning this position otherwise require, relevant requirements
shall be followed.

Article 5 Salary and Remuneration

2

	
  

 
	
 Employment Agreement

 
	

 

 

Both Parties confirm
that, the pre-tax monthly salary of Party B shall be RMB 30,000, and Party A
shall withhold and pay the individual tax and other fees which shall be born by
the individual. 

Party A shall set
aside 20% of Party B’s monthly salary each month as the risk deposit of work
assessment and performance appraisal of Party B of the current year. Party A
shall pay whole or partial deposit to Party B based on the result of his work
and performance assessment.

Party A shall,
taking the work performance of Party B into account, give an annual reward
besides the agreed remuneration.

Other treatment
shall be the same with that applicable to the employees who have entered into
formal labor contracts with Party A on the same level positions. Detailed
information please refer to the regulations of Party A.

Business travel
expenses and allowances shall be reimbursed according to the regulations of
Party A.

The aforesaid
allowances shall be implemented according to the regulations of the current
year carried out by Party A.

Article 6 Vacation

During the term of
this Agreement, Party B shall be entitled to enjoy marriage leave, maternity
leave and paid annual leave. The paid annual leave for Party B shall be
implemented according to the annual leave system of the company.

In case of illness
or private affairs, Party B shall go through relevant procedures for sick leave
or personal leave according to relevant regulations of Party A.

In the event that
the one-way distance between the working place and the habitual place of Party
B is over 600 km, or Party B and his spouse live in separate places with a
one-way distance of more than 600 km, Party B shall enjoy three (3) paid family
leaves (three (3) round-trips) for each year, with seven (7) days for each
leave. The total amount for the traveling expenses for paid family leaves shall
be RMB 12,000 each year, in case of any excess, the excessive part shall be
born by Party B himself, and in case of any surplus, Party B shall provide official
invoices with the equal value to the surplus for setting off it.

Article 7 Miscellaneous

	
  

 	
  

 
	
 1.

 	
 Party A shall keep high confidentiality of
 the personal life, work and archive materials, health condition, remuneration
 and other information of Party B.

 

3

	
  

 
	
 Employment Agreement

 
	

 

 

	
 2.

 	
 Party B shall strictly abide by the
 management systems and regulations of Party A, faithfully implement duties,
 observe position responsibilities, devote and dedicate to the job and fulfill
 the job objective and protect the interest of Party A.

 
	
  

 	
  

 
	
 3.

 	
 The remuneration for Party B in case of
 suffering from occupational disease or work-related injuries, the funeral
 expense, once-off pension cost and life subsidy for feeding immediate
 relatives, etc. shall be implemented with reference to the provisions
 applicable to the employees who have entered into formal labor contracts with
 Party A according to relevant laws, regulations, rules and policies of China.

 
	
  

 	
  

 
	
 4.

 	
 The medical period and remuneration of
 Party B in case of sickness or injuries, etc. shall be implemented with
 reference to the provisions applicable to the employees who have entered into
 formal labor contracts with Party A according to relevant laws, regulations,
 rules and policies of China and the regulations stipulated by Party A
 according to law.

 
	
  

 	
  

 
	
 5.

 	
 Party A shall not take out basic social
 insurances for Party B.

 
	
  

 	
  

 
	
 6.

 	
 In the event Party B violates the
 management system of Party A, Party A shall be entitled to punish Party B
 according to the provisions of management system.

 
	
  

 	
  

 
	
 7.

 	
 In case of dimission, Party B shall return
 all relevant materials under his custody to Party A and abide by the
 provisions of the confidentiality system of Party A.

 
	
  

 	
  

 
	
 8.

 	
 ________________________________________________________

 

Article 8 Termination of the Agreement

In case this
Agreement is terminated due to Party A’s reason, Party A shall, based on the
standard of the average monthly salary for that position (office) within the
year of terminating this Agreement, pay Party B the economic compensation equal
to one month’s average salary for every full year.

In case Party B
proposes to terminate this Agreement, Party A shall pay Party B the deserved
salary according to the actual working time of Party B. 

Article 9 Liabilities for Breach of Agreement

	
  

 	
  

 
	
 (1)

 	
 In case Party A withholds the salary
 deserved by Party B without cause, Party B shall be entitled to claim against
 Party A.

 
	
  

 	
  

 
	
 (2)

 	
 In the event Party B refuses to return
 relevant materials under his custody to Party A when he leaves his office, or
 Party B fails to abide by the regulations of the confidentiality system of
 Party A, which have caused losses to Party A, Party A shall be entitled to
 claim against Party B.

 

4

	
  

 
	
 Employment Agreement

 
	

 

 

Article 10 Dispute Resolution

In case of any
dispute between Party A and Party B during the process of performing this
Agreement, the Parties shall try their best to hold friendly consultations. In
case such dispute cannot be resolved through consultations, the Parties may
submit such dispute to the court for settlement. 

Article 11 Supplementary Provisions

	
  

 	
  

 
	
 1.

 	
 This Agreement shall come into effect after
 being signed by the authorized representative of Party A or affixed with the
 stamp of Party A, and signed by Party B.

 
	
  

 	
  

 
	
 2.

 	
 This Agreement shall be signed in two (2)
 counterparts and Party A and Party B shall each hold one (1). 

 

Party A
(Stamp):                                             Party
B (Signature):

Legal Representative
or Authorized Representative

(Signature):

Signing Date: _____________

5Exhibit 10.1

FIVE YEAR CREDIT AGREEMENT

Dated as of March 31, 2011

                    HONEYWELL
INTERNATIONAL INC., a Delaware corporation (the “Company”), the banks,
financial institutions and other institutional lenders (the “Initial Lenders”),
initial issuing banks (the “Initial Issuing Banks”) and swing line banks
(the “Initial Swing Line Banks”) listed on Schedule II hereto, and
CITIBANK, N.A. (“Citibank”), as administrative agent (the “Agent”)
for the Lenders (as hereinafter defined), CITIBANK INTERNATIONAL PLC, as swing
line agent (the “Swing Line Agent”) for the Swing Line Banks (as
hereinafter defined), JPMORGAN CHASE BANK, N.A., as syndication agent, BANK OF
AMERICA, N.A., BARCLAYS BANK PLC, DEUTSCHE BANK AG NEW YORK BRANCH, GOLDMAN
SACHS BANK USA, MORGAN STANLEY MUFG LOAN PARTNERS, LLC and THE ROYAL BANK OF
SCOTLAND PLC, as documentation agents, and CITIGROUP GLOBAL MARKETS INC. and
J.P. MORGAN SECURITIES LLC, as joint lead arrangers and co-book managers,
hereby agree as follows:

ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS

                    SECTION
1.01. Certain Defined Terms.

                    As
used in this Agreement, the following terms shall have the following meanings
(such meanings to be equally applicable to both the singular and plural forms
of the terms defined):

	
  

 	
  

 
	
  

 	
           “Advance”
 means a Revolving Credit Advance, a Swing Line Advance or a Competitive Bid
 Advance.

 
	
  

 	
  

 
	
  

 	
           “Affiliate”
 means, as to any Person, any other Person that, directly or indirectly,
 controls, is controlled by or is under common control with such Person or is
 a director or officer of such Person. For purposes of this definition, the
 term “control” (including the terms “controlling”, “controlled by” and “under
 common control with”) of a Person means the possession, direct or indirect,
 of the power to direct or cause the direction of the management and policies
 of such Person, whether through the ownership of Voting Stock, by contract or
 otherwise.

 
	
  

 	
  

 
	
  

 	
           “Agents”
 means the Agent and the Swing Line Agent.

 
	
  

 	
  

 
	
  

 	
           “Agent’s
 Account” means (a) in the case of Advances denominated in Dollars,
 the account of the Agent maintained by the Agent at Citibank at its office at
 388 Greenwich Street, New York, New York 10013, Account No. 36852248,
 Attention: Bank Loan Syndications, (b) in the case of Advances
 denominated in any Foreign Currency, the account of the Sub-Agent designated
 in writing from time to time by the Agent to the Company and the Lenders for
 such purpose and (c) in any such case, such other account of the Agent
 as is designated in writing from time to time by the Agent to the Company and
 the Lenders for such purpose.

 

	
  

 	
  

 
	
  

 	
           “Alternate
 Currency” means any lawful currency other than Dollars and the Major
 Currencies that is freely transferable and convertible into Dollars.

 
	
  

 	
  

 
	
  

 	
           “Applicable
 Lending Office” means, with respect to each Lender, such Lender’s
 Domestic Lending Office in the case of a Base Rate Advance and such Lender’s
 Eurocurrency Lending Office in the case of a Eurocurrency Rate Advance and,
 in the case of a Competitive Bid Advance, the office of such Lender notified
 by such Lender to the Agent as its Applicable Lending Office with respect to
 such Competitive Bid Advance.

 
	
  

 	
  

 
	
  

 	
           “Applicable
 Letter of Credit Rate” means, as of any date, a percentage per annum
 equal to the Market Rate Spread on the Spread Determination Date in relation
 to Letters of Credit.

 
	
  

 	
  

 
	
  

 	
           “Applicable
 Margin” means (a) (i) for Eurocurrency Rate Advances as of any date, a
 percentage per annum equal to the Market Rate Spread on the Spread
 Determination Date in relation to such Advances and (b) for Base Rate
 Advances as of any date, a rate per annum that is 100 basis points lower than
 the rate determined in accordance with clause (a) above; provided that
 in no event shall the Applicable Margin for Base Rate Advances be lower than
 0.00%.

 
	
  

 	
  

 
	
  

 	
           “Applicable
 Percentage” means, as of any date, a percentage per annum determined by
 reference to the Public Debt Rating in effect on such date as set forth
 below:

 

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Public Debt Rating

 S&P/Moody’s

 	
  

 	
 Applicable

 Percentage

 	
  

 
	

 

 	
  

 	

 

 	
  

 
	
 Level 1

 A+ or A1 or above

 	
  

 	
 0.100

 	
 %

 	
  

 
	
 Level 2

 Lower than Level 1 but at least A or A2

 	
  

 	
 0.125

 	
 %

 	
  

 
	
 Level 3

 Lower than Level 2 but at least A- or A3

 	
  

 	
 0.150

 	
 %

 	
  

 
	
 Level 4

 Lower than Level 3 but at least BBB+ or Baa1

 	
  

 	
 0.200

 	
 %

 	
  

 
	
 Level 5

 Lower than Level 4

 	
  

 	
 0.250

 	
 %

 	
  

 

	
  

 	
  

 
	
  

 	
           “Assignment
 and Acceptance” means an assignment and acceptance entered into by a
 Lender and an Eligible Assignee, and accepted by the Agent, in substantially
 the form of Exhibit C hereto.

 
	
  

 	
  

 
	
  

 	
           “Assuming
 Lender” has the meaning specified in Section 2.18(d).

 
	
  

 	
  

 
	
  

 	
           “Assumption
 Agreement” has the meaning specified in Section 2.18(d)(ii).

 

2

	
  

 	
  

 
	
  

 	
           “Available
 Amount” of any Letter of Credit means, at any time, the maximum amount
 available to be drawn under such Letter of Credit at such time (assuming
 compliance at such time with all conditions to drawing), converting all
 non-Dollar amounts into the Dollar Equivalent thereof at such time.

 
	
  

 	
  

 
	
  

 	
           “Base
 Rate” means a fluctuating interest rate per annum in effect from time to
 time, which rate per annum shall at all times be equal to the highest of:

 
	
  

 	
  

 
	
  

 	
           (a) the
 rate of interest announced publicly by Citibank in New York,
 New York, from time to time, as Citibank’s base rate;

 
	
  

 	
  

 
	
  

 	
           (b) 1/2
 of one percent per annum above the Federal Funds Rate; and

 
	
  

 	
  

 
	
  

 	
           (c) the
 London interbank offered rate applicable to Dollars for a period of one month
 as determined by reference to the Reuters Page (“One Month LIBOR”)
 plus 1.00% (for the avoidance of doubt, the One Month LIBOR for any day shall
 be based on the rate appearing on the Reuters Page (or other commercially
 available source providing such quotations as designated by the Agent from
 time to time) at approximately 11:00 a.m. London time on such day).

 
	
  

 	
  

 
	
  

 	
           “Base
 Rate Advance” means a Revolving Credit Advance denominated in Dollars
 that bears interest as provided in Section 2.08(a)(i)(A).

 
	
  

 	
  

 
	
  

 	
           “Borrower”
 means the Company or any Designated Subsidiary, as the context requires.

 
	
  

 	
  

 
	
  

 	
           “Borrowing”
 means a Revolving Credit Borrowing, a Swing Line Borrowing or a Competitive
 Bid Borrowing.

 
	
  

 	
  

 
	
  

 	
           “Business
 Day” means a day of the year on which banks are not required or
 authorized by law to close in New York City and, if the applicable
 Business Day relates to any Eurocurrency Rate Advance or LIBO Rate Advance,
 on which dealings are carried on in the London interbank market and banks are
 open for business in London and in the country of issue of the currency of
 such Eurocurrency Rate Advance or LIBO Rate Advance (or, in the case of an
 Advance denominated in Euros, on which the Trans-European Automated Real-Time
 Gross Settlement Express Transfer (TARGET) System is open) and, if the
 applicable Business Day relates to any Local Rate Advance, on which banks are
 open for business in the country of issue of the currency of such Local Rate
 Advance.

 
	
  

 	
  

 
	
  

 	
           “Cash
 Deposit Account” means an interest bearing cash deposit account to be
 established and maintained by the Agent, over which the Agent shall have sole
 dominion and control, upon such terms as may be satisfactory to the Agent.

 
	
  

 	
  

 
	
  

 	
           “Change
 of Control” means that (i) any Person or group of Persons (within the
 meaning of Section 13 or 14 of the Securities Exchange Act of 1934, as
 amended (the “Act”)) (other than the Company, any Subsidiary of the
 Company or any savings, pension or other benefit plan for the benefit of employees
 of the Company or its Subsidiaries) 

 

3

	
  

 	
  

 
	
  

 	
 which theretofore beneficially owned less than 30% of the Voting
 Stock of the Company then outstanding shall have acquired beneficial
 ownership (within the meaning of Rule 13d-3 promulgated by the Securities and
 Exchange Commission under the Act) of 30% or more in voting power of the
 outstanding Voting Stock of the Company or (ii) during any period of twelve
 consecutive calendar months commencing at the Effective Date, individuals who
 at the beginning of such twelve-month period were directors of the Company
 shall cease to constitute a majority of the Board of Directors of the
 Company.

 
	
  

 	
  

 
	
  

 	
           “Citibank”
 means Citibank, N.A.

 
	
  

 	
  

 
	
  

 	
           “Commitment”
 means a Revolving Credit Commitment, a Letter of Credit Commitment or a Swing
 Line Commitment.

 
	
  

 	
  

 
	
  

 	
           “Commitment
 Date” has the meaning specified in Section 2.18(b).

 
	
  

 	
  

 
	
  

 	
           “Commitment
 Increase” has the meaning specified in Section 2.18(a).

 
	
  

 	
  

 
	
  

 	
           “Competitive
 Bid Advance” means an advance by a Lender to any Borrower as part of a
 Competitive Bid Borrowing resulting from the competitive bidding procedure
 described in Section 2.03 and refers to a Fixed Rate Advance, a LIBO
 Rate Advance or a Local Rate Advance (each of which shall be a “Type”
 of Competitive Bid Advance).

 
	
  

 	
  

 
	
  

 	
           “Competitive
 Bid Borrowing” means a borrowing consisting of simultaneous Competitive
 Bid Advances from each of the Lenders whose offer to make one or more
 Competitive Bid Advances as part of such borrowing has been accepted under
 the competitive bidding procedure described in Section 2.03.

 
	
  

 	
  

 
	
  

 	
           “Competitive
 Bid Note” means a promissory note of any Borrower payable to the order of
 any Lender, in substantially the form of Exhibit A-2 hereto, evidencing
 the indebtedness of such Borrower to such Lender resulting from a Competitive
 Bid Advance made by such Lender to such Borrower.

 
	
  

 	
  

 
	
  

 	
           “Consenting
 Lender” has the meaning specified in Section 2.19(b).

 
	
  

 	
  

 
	
  

 	
           “Consolidated”
 refers to the consolidation of accounts in accordance with GAAP.

 
	
  

 	
  

 
	
  

 	
           “Consolidated
 Subsidiary” means, at any time, any Subsidiary the accounts of which are
 required at that time to be included on a Consolidated basis in the
 Consolidated financial statements of the Company, assuming that such
 financial statements are prepared in accordance with GAAP.

 
	
  

 	
  

 
	
  

 	
           “Convert”,
 “Conversion” and “Converted” each refers to a conversion of
 Revolving Credit Advances of one Type into Revolving Credit Advances of the
 other Type pursuant to Section 2.09 or 2.12.

 
	
  

 	
  

 
	
  

 	
           “Debt”
 means, with respect to any Person: (i) indebtedness of such Person, which is
 not limited as to recourse to such Person, for borrowed money (whether by
 loan or the issuance and sale of debt securities) or for the deferred (for 90
 days or more) purchase or 

 

4

	
  

 	
  

 
	
  

 	
 acquisition price of property or services; (ii) indebtedness or
 obligations of others which such Person has assumed or guaranteed; (iii)
 indebtedness or obligations of others secured by a lien, charge or
 encumbrance on property of such Person whether or not such Person shall have
 assumed such indebtedness or obligations; (iv) obligations of such Person in
 respect of letters of credit (other than performance letters of credit, except
 to the extent backing an obligation of any Person which would be Debt of such
 Person), acceptance facilities, or drafts or similar instruments issued or
 accepted by banks and other financial institutions for the account of such
 Person; and (v) obligations of such Person under leases which are required to
 be capitalized on a balance sheet of such Person in accordance with GAAP.

 
	
  

 	
  

 
	
  

 	
           “Default”
 means any Event of Default or any event that would constitute an Event of
 Default but for the requirement that notice be given or time elapse or both.

 
	
  

 	
  

 
	
  

 	
           “Defaulting
 Lender” means at any time, subject to Section 2.20(d), (i) any Lender
 that has failed for two or more Business Days to comply with its obligations
 under this Agreement to make an Advance, (ii) any Lender that has notified
 the Agent or the Company in writing, or has stated publicly, that it does not
 intend to comply with its funding obligations hereunder, (iii) any Lender
 that has defaulted on its funding obligations under other loan agreements or
 credit agreements generally or that has notified, or whose Parent Company has
 notified, the Agent or the Company in writing, or has stated publicly, that
 it does not intend to comply with its funding obligations under loan
 agreements or credit agreements generally, (iv) any Lender that has, for
 three or more Business Days after written request of the Agent or the
 Company, failed to confirm in writing to the Agent and the Company that it
 will comply with its prospective funding obligations hereunder (provided that
 such Lender will cease to be a Defaulting Lender pursuant to this clause (iv)
 upon the Agent’s and the Company’s receipt of such written confirmation), or
 (v) any Lender with respect to which a Lender Insolvency Event has occurred and
 is continuing with respect to such Lender or its Parent Company. Any
 determination by the Agent that a Lender is a Defaulting Lender under any of
 clauses (i) through (v) above will be conclusive and binding absent manifest
 error, and such Lender will be deemed to be a Defaulting Lender (subject to
 Section 2.20(d)) upon notification of such determination by the Agent to the
 Company and the Lenders. 

 
	
  

 	
  

 
	
  

 	
           “Designated
 Subsidiary” means any corporate Subsidiary of the Company designated for
 borrowing privileges under this Agreement pursuant to Section 9.07.

 
	
  

 	
  

 
	
  

 	
           “Designation
 Letter” means, with respect to any Designated Subsidiary, a letter in the
 form of Exhibit D hereto signed by such Designated Subsidiary and the
 Company.

 
	
  

 	
  

 
	
  

 	
           “Dollar
 Swing Line Advance” means a Swing Line Advance denominated in Dollars
 that bears interest as provided in Section 2.08(a)(ii)(B).

 
	
  

 	
  

 
	
  

 	
           “Dollars”
 and the “$” sign each mean lawful money of the United States of
 America.

 

5

	
  

 	
  

 
	
  

 	
           “Domestic
 Lending Office” means, with respect to any Initial Lender, the office of
 such Lender specified as its “Domestic Lending Office” opposite its name on
 Schedule I hereto and, with respect to any other Lender, the office of
 such Lender specified as its “Domestic Lending Office” in the Assumption
 Agreement or the Assignment and Acceptance pursuant to which it became a
 Lender, or such other office of such Lender as such Lender may from time to
 time specify to the Company and the Agent.

 
	
  

 	
  

 
	
  

 	
           “Domestic
 Subsidiary” means any Subsidiary whose operations are conducted primarily
 in the United States excluding any Subsidiary whose assets consist primarily
 of the stock of Subsidiaries whose operations are conducted outside the
 United States of America.

 
	
  

 	
  

 
	
  

 	
           “Effective
 Date” has the meaning specified in Section 3.01.

 
	
  

 	
  

 
	
  

 	
           “Eligible
 Assignee” means (a) with respect to the Revolving Credit Facility
 (i) a Lender; (ii) an Affiliate of a Lender; (iii) a
 commercial bank organized under the laws of the United States, or any State
 thereof, and having total assets in excess of $10,000,000,000; (iv) a
 savings and loan association or savings bank organized under the laws of the
 United States, or any State thereof, and having a net worth of at least
 $500,000,000, calculated in accordance with GAAP; (v) a commercial bank
 organized under the laws of any other country that is a member of the
 Organization for Economic Cooperation and Development or has concluded
 special lending arrangements with the International Monetary Fund associated
 with its General Arrangements to Borrow, or a political subdivision of any
 such country, and having total assets in excess of $10,000,000,000, so long
 as such bank is acting through a branch or agency located in the country in
 which it is organized or another country that is described in this
 clause (v); and (vi) the central bank of any country that is a
 member of the Organization for Economic Cooperation and Development and (b)
 with respect to the Letter of Credit Facility, a Person that is an Eligible
 Assignee under subclause (iii) or (v) of clause (a) of this definition and is
 approved by the Agent and, unless a Default has occurred and is continuing at
 the time any assignment is effected pursuant to Section 9.06, the Company,
 such approvals not to be unreasonably withheld or delayed, provided, however,
 that neither the Company nor any Affiliate of the Company shall qualify as an
 Eligible Assignee under this definition.

 
	
  

 	
  

 
	
  

 	
           “Environmental
 Action” means any action, suit, demand, demand letter, claim, notice of
 non-compliance or violation, notice of liability or potential liability,
 investigation, proceeding, consent order or consent agreement relating in any
 way to any Environmental Law, Environmental Permit or Hazardous Materials or
 arising from alleged injury or threat of injury to health, safety or the
 environment, including, without limitation, (a) by any governmental or
 regulatory authority for enforcement, cleanup, removal, response, remedial or
 other actions or damages and (b) by any governmental or regulatory
 authority or any third party for damages, contribution, indemnification, cost
 recovery, compensation or injunctive relief.

 
	
  

 	
  

 
	
  

 	
           “Environmental
 Law” means any federal, state, local or foreign statute, law, ordinance,
 rule, regulation, code, order, judgment, decree or judicial or agency
 interpretation, policy or guidance relating to pollution or protection of the
 environment, 

 

6

	
  

 	
  

 
	
  

 	
 health, safety or natural resources, including, without limitation,
 those relating to the use, handling, transportation, treatment, storage,
 disposal, release or discharge of Hazardous Materials.

 
	
  

 	
  

 
	
  

 	
           “Environmental
 Permit” means any permit, approval, identification number, license or
 other authorization required under any Environmental Law.

 
	
  

 	
  

 
	
  

 	
           “Equivalent”
 in Dollars of any Foreign Currency on any date means the equivalent in
 Dollars of such Foreign Currency determined by using the quoted spot rate at
 which the Sub-Agent’s principal office in London offers to exchange Dollars
 for such Foreign Currency in London prior to 4:00 P.M. (London time) (unless
 otherwise indicated by the terms of this Agreement) on such date as is
 required pursuant to the terms of this Agreement, and the “Equivalent” in any
 Foreign Currency of Dollars means the equivalent in such Foreign Currency of
 Dollars determined by using the quoted spot rate at which the Sub-Agent’s
 principal office in London offers to exchange such Foreign Currency for
 Dollars in London prior to 4:00 P.M. (London time) (unless otherwise
 indicated by the terms of this Agreement) on such date as is required
 pursuant to the terms of this Agreement.

 
	
  

 	
  

 
	
  

 	
           “ERISA”
 means the Employee Retirement Income Security Act of 1974, as amended from
 time to time, and the regulations promulgated and rulings issued thereunder.

 
	
  

 	
  

 
	
  

 	
           “ERISA
 Affiliate” of any Person means any other Person that for purposes of
 Title IV of ERISA is a member of such Person’s controlled group, or
 under common control with such Person, within the meaning of Section 414
 of the Internal Revenue Code.

 
	
  

 	
  

 
	
  

 	
           “ERISA
 Event” with respect to any Person means (a) (i) the occurrence of a
 reportable event, within the meaning of Section 4043 of ERISA, with
 respect to any Plan of such Person or any of its ERISA Affiliates unless the
 30-day notice requirement with respect to such event has been waived by the
 PBGC, or (ii) an event described in paragraph (9), (10), (11), (12) or
 (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect
 to a Plan of such Person or any of its ERISA Affiliates within the following
 30 days, and the contributing sponsor, as defined in Section 4001(a)(13) of
 ERISA, of such Plan is required under Section 4043(b)(3) of ERISA (taking into
 account Section 4043(b)(2) of ERISA) to notify the PBGC that the event is
 about to occur; (b) the application for a minimum funding waiver with
 respect to a Plan of such Person or any of its ERISA Affiliates; (c) the
 provision by the administrator of any Plan of such Person or any of its ERISA
 Affiliates of a notice of intent to terminate such Plan in a distress
 termination pursuant to Section 4041(a)(2) of ERISA (including any such
 notice with respect to a plan amendment referred to in Section 4041(e)
 of ERISA); (d) the cessation of operations at a facility of such Person
 or any of its ERISA Affiliates in the circumstances described in
 Section 4062(e) of ERISA; (e) the withdrawal by such Person or any
 of its ERISA Affiliates from a Multiple Employer Plan during a plan year for
 which it was a substantial employer, as defined in Section 4001(a)(2) of
 ERISA; (f) the conditions for the imposition of a lien under
 Section 303(k) of ERISA shall have been met with respect to any Plan of
 such Person or any of its ERISA Affiliates; (g) the determination that
 any Plan is in “at risk” status (within the meaning of Section 303 of ERISA;
 or (h) the institution by the 

 

7

	
  

 	
  

 
	
  

 	
 PBGC of proceedings to terminate a Plan of such Person or any of its
 ERISA Affiliates pursuant to Section 4042 of ERISA, or the occurrence of
 any event or condition described in Section 4042 of ERISA that
 constitutes grounds for the termination of, or the appointment of a trustee
 to administer, such Plan.

 
	
  

 	
  

 
	
  

 	
           “Escrow”
 means an escrow established with an independent escrow agent pursuant to an
 escrow agreement reasonably satisfactory in form and substance to the Person
 or Persons asserting the obligation of one or more Borrowers to make a
 payment to it or them hereunder.

 
	
  

 	
  

 
	
  

 	
           “Euro”
 means the lawful
 currency of the European Union as constituted by the Treaty of Rome which
 established the European Community, as such treaty may be amended from time
 to time and as referred to in the EMU legislation.

 
	
  

 	
  

 
	
  

 	
           “Eurocurrency
 Lending Office” means, with respect to any Initial Lender, the office of
 such Lender specified as its “Eurocurrency Lending Office” opposite its name
 on Schedule I hereto and, with respect to any other Lender, the office
 of such Lender specified as its “Eurocurrency Lending Office” in the
 Assumption Agreement or the Assignment and Acceptance pursuant to which it
 became a Lender (or, if no such office is specified, its Domestic Lending
 Office), or such other office of such Lender as such Lender may from time to
 time specify to the Company and the Agent.

 
	
  

 	
  

 
	
  

 	
           “Eurocurrency
 Liabilities” has the meaning assigned to that term in Regulation D
 of the Board of Governors of the Federal Reserve System, as in effect from
 time to time.

 
	
  

 	
  

 
	
  

 	
           “Eurocurrency
 Rate” means, for any Interest Period for each Eurocurrency Rate Advance
 comprising part of the same Revolving Credit Borrowing, an interest rate per
 annum equal to the rate per annum obtained by dividing (a) the rate per
 annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing
 on the Reuters Page as the London interbank offered rate for deposits in
 Dollars or in the relevant Major Currency at approximately 11:00 A.M. (London
 time) two Business Days prior to the first day of such Interest Period for a
 term comparable to such Interest Period or, if for any reason such rate is
 not available, the average (rounded upward to the nearest whole multiple of
 1/32 of 1% per annum, if such average is not such a multiple) of the rate per
 annum at which deposits in Dollars or in the relevant Major Currency are
 offered by the principal office of each of the Reference Banks in London,
 England to prime banks in the London interbank market at 11:00 A.M.
 (London time) two Business Days before the first day of such Interest Period
 in an amount substantially equal to such Reference Bank’s Eurocurrency Rate
 Advance comprising part of such Revolving Credit Borrowing to be outstanding
 during such Interest Period and for a period equal to such Interest Period by
 (b) a percentage equal to 100% minus the Eurocurrency Rate Reserve
 Percentage for such Interest Period. If the Reuters Page is unavailable, the
 Eurocurrency Rate for any Interest Period for each Eurocurrency Rate Advance
 comprising part of the same Revolving Credit Borrowing shall be determined by
 the Agent on the basis of applicable rates furnished to and received by the
 Agent from the Reference Banks two Business Days before the first day of such
 Interest Period, subject, however, to the provisions of
 Section 2.09.

 

8

	
  

 	
  

 
	
  

 	
           “Eurocurrency
 Rate Advance” means a Revolving Credit Advance denominated in Dollars or
 in a Major Currency that bears interest as provided in
 Section 2.08(a)(i)(B).

 
	
  

 	
  

 
	
  

 	
           “Eurocurrency
 Rate Reserve Percentage” for any Interest Period for all Eurocurrency
 Rate Advances or LIBO Rate Advances comprising part of the same Borrowing
 means the reserve percentage applicable two Business Days before the first
 day of such Interest Period under regulations issued from time to time by the
 Board of Governors of the Federal Reserve System (or any successor) for
 determining the maximum reserve requirement (including, without limitation,
 any emergency, supplemental or other marginal reserve requirement) for a
 member bank of the Federal Reserve System in New York City with respect
 to liabilities or assets consisting of or including Eurocurrency Liabilities
 (or with respect to any other category of liabilities that includes deposits
 by reference to which the interest rate on Eurocurrency Rate Advances or LIBO
 Rate Advances is determined) having a term equal to such Interest Period.

 
	
  

 	
  

 
	
  

 	
           “Euro
 Swing Line Advance” means a Swing Line Advance denominated in Euro that
 bears interest as provided in Section 2.08(a)(ii)(A).

 
	
  

 	
  

 
	
  

 	
           “Events
 of Default” has the meaning specified in Section 6.01.

 
	
  

 	
  

 
	
  

 	
           “Extension
 Date” has the meaning specified in Section 2.19(b).

 
	
  

 	
  

 
	
  

 	
           “Facility”
 means the Revolving Credit Facility, the Letter of Credit Facility or the
 Swing Line Facility.

 
	
  

 	
  

 
	
  

 	
           “FATCA”
 means Sections 1471 though 1474 of the Internal Revenue Code or any amended
 or successor version that is substantively comparable and any current or
 future regulations or official interpretations thereof.

 
	
  

 	
  

 
	
  

 	
           “Federal
 Funds Rate” means, for any period, a fluctuating interest rate per annum
 equal for each day during such period to the weighted average of the rates on
 overnight Federal funds transactions with members of the Federal Reserve
 System arranged by Federal funds brokers, as published for such day (or, if
 such day is not a Business Day, for the next preceding Business Day) by the
 Federal Reserve Bank of New York, or, if such rate is not so published
 for any day that is a Business Day, the average of the quotations for such
 day on such transactions received by the Agent from three Federal funds
 brokers of recognized standing selected by it.

 
	
  

 	
  

 
	
  

 	
           “Fixed
 Rate Advance” has the meaning specified in Section 2.03(a)(i), which
 Advance shall be denominated in Dollars or in any Foreign Currency.

 
	
  

 	
  

 
	
  

 	
           “Foreign
 Currency” means any Major Currency or any Alternate Currency.

 
	
  

 	
  

 
	
  

 	
           “GAAP”
 has the meaning specified in Section 1.03.

 
	
  

 	
  

 
	
  

 	
           “Hazardous
 Materials” means (a) petroleum and petroleum products, byproducts or
 breakdown products, radioactive materials, asbestos-containing materials,
 polychlorinated biphenyls and radon gas and (b) any other chemicals,
 materials or substances designated, 

 

9

	
  

 	
  

 
	
  

 	
 classified or regulated as hazardous or toxic or as a pollutant or
 contaminant under any Environmental Law.

 
	
  

 	
  

 
	
  

 	
           “Increase
 Date” has the meaning specified in Section 2.18(a).

 
	
  

 	
  

 
	
  

 	
           “Increasing
 Lender” has the meaning specified in Section 2.18(b).

 
	
  

 	
  

 
	
  

 	
           “Insufficiency”
 means, with respect to any Plan, the amount, if any, of its unfunded benefit
 liabilities, as defined in Section 4001(a)(18) of ERISA.

 
	
  

 	
  

 
	
  

 	
           “Interest
 Period” means (a) for each Swing Line Advance comprising part of the same
 Swing Line Borrowing, one period commencing on the date of such Swing Line
 Advance and ending on a Business Day with a duration not to exceed five
 Business Days and (b) for each Eurocurrency Rate Advance comprising part of
 the same Revolving Credit Borrowing and each LIBO Rate Advance comprising
 part of the same Competitive Bid Borrowing, the period commencing on the date
 of such Eurocurrency Rate Advance or LIBO Rate Advance or the date of the
 Conversion of any Base Rate Advance into such Eurocurrency Rate Advance and
 ending on the last day of the period selected by the Borrower requesting such
 Borrowing pursuant to the provisions below and, thereafter, with respect to
 Eurocurrency Rate Advances, each subsequent period commencing on the last day
 of the immediately preceding Interest Period and ending on the last day of
 the period selected by such Borrower pursuant to the provisions below. The
 duration of each such Interest Period for a Eurocurrency Rate Advance or a
 LIBO Rate Advance shall be one, two, three or six months and, if available to
 all Lenders, nine or twelve months, as the Borrower requesting the Borrowing
 may, upon notice received by the Agent not later than 11:00 A.M.
 (New York City time) on the third Business Day prior to the first day of
 such Interest Period, select; provided, however, that:

 
	
  

 	
  

 
	
  

 	
           (i) such
 Borrower may not select any Interest Period that ends after the scheduled
 Termination Date;

 
	
  

 	
  

 
	
  

 	
           (ii)
 Interest Periods commencing on the same date for Eurocurrency Rate Advances
 comprising part of the same Revolving Credit Borrowing or for LIBO Rate
 Advances comprising part of the same Competitive Bid Borrowing shall be of
 the same duration;

 
	
  

 	
  

 
	
  

 	
           (iii)
 whenever the last day of any Interest Period would otherwise occur on a day
 other than a Business Day, the last day of such Interest Period shall be
 extended to occur on the next succeeding Business Day, provided, however,
 that, if such extension would cause the last day of such Interest Period to
 occur in the next following calendar month, the last day of such Interest
 Period shall occur on the next preceding Business Day; and

 
	
  

 	
  

 
	
  

 	
           (iv)
 whenever the first day of any Interest Period occurs on a day of an initial
 calendar month for which there is no numerically corresponding day in the calendar
 month that succeeds such initial calendar month by the number of months equal
 to the number of months in such Interest Period, such Interest Period shall
 end on the last Business Day of such succeeding calendar month.

 

10

	
  

 	
  

 
	
  

 	
           “Internal
 Revenue Code” means the Internal Revenue Code of 1986, as amended from
 time to time, and the regulations promulgated and rulings issued thereunder.

 
	
  

 	
  

 
	
  

 	
           “Issuing
 Bank” means an Initial Issuing Bank or any Eligible Assignee to which a
 portion of the Letter of Credit Commitment hereunder has been assigned
 pursuant to Section 9.06 so long as such Eligible Assignee expressly agrees
 to perform in accordance with their terms all of the obligations that by the
 terms of this Agreement are required to be performed by it as an Issuing Bank
 and notifies the Agent of its Applicable Lending Office (which information
 shall be recorded by the Agent in the Register), for so long as the Initial
 Issuing Bank or Eligible Assignee, as the case may be, shall have a Letter of
 Credit Commitment.

 
	
  

 	
  

 
	
  

 	
           “L/C
 Related Documents” has the meaning specified in Section 2.07(b)(i).

 
	
  

 	
  

 
	
  

 	
           “Lender
 Insolvency Event” means that (i) a Lender or its Parent Company is
 insolvent, or is generally unable to pay its debts as they become due, or
 admits in writing its inability to pay its debts as they become due, or makes
 a general assignment for the benefit of its creditors, or (ii) such Lender or
 its Parent Company is the subject of a bankruptcy, insolvency, reorganization,
 liquidation or similar proceeding, or a receiver, trustee, conservator,
 intervenor or sequestrator or the like has been appointed for such Lender or
 its Parent Company, or such Lender or its Parent Company has taken any action
 in furtherance of or indicating its consent to or acquiescence in any such
 proceeding or appointment; provided
 that a Lender Insolvency Event shall not result solely by virtue of the
 ownership or acquisition of any equity interest in such Person by a
 governmental authority so long as such ownership interest does not
 result in or provide such Person with immunity from the jurisdiction of
 courts within the United States or from the enforcement of judgments or writs
 of attachment on its assets or permit such Lender (or such governmental authority)
 to reject, repudiate, disavow or disaffirm any contracts or agreements made
 with such Person.

 
	
  

 	
  

 
	
  

 	
           “Lenders”
 means, collectively, (i) Initial Lenders, (ii) the Issuing Banks, (iii)
 the Swing Line Banks (unless the context otherwise requires), (v) each
 Assuming Lender that shall become a party hereto pursuant to Section 2.18 or
 2.19 and (v) each Eligible Assignee that shall become a party hereto pursuant
 to Section 9.06(a), (b) and (c).

 
	
  

 	
  

 
	
  

 	
           “Letter
 of Credit” has the meaning specified in Section 2.01(b).

 
	
  

 	
  

 
	
  

 	
           “Letter
 of Credit Application” has the meaning specified in Section 2.04(a).

 
	
  

 	
  

 
	
  

 	
           “Letter
 of Credit Commitment” means, with respect to each Issuing Bank, the
 obligation of such Issuing Bank to issue Letters of Credit to any Borrower in
 (a) the amount set forth opposite the Issuing Bank’s name on the signature
 pages hereto under the caption “Letter of Credit Commitment” or (b) if such
 Issuing Bank has entered into one or more Assignment and Acceptances, the
 amount set forth for such Issuing Bank in the Register maintained by the
 Agent pursuant to Section 9.06(d) as such Issuing Bank’s “Letter of
 Credit Commitment”, in each case as such amount may be reduced prior to such
 time pursuant to Section 2.06.

 

11

	
  

 	
  

 
	
  

 	
           “Letter
 of Credit Facility” means, at any time, an amount equal to the least of
 (a) the aggregate amount of the Issuing Banks’ Letter of Credit Commitments
 at such time, (b) $700,000,000 and (c) the aggregate amount of the Revolving
 Credit Commitments, as such amount may be reduced at or prior to such time
 pursuant to Section 2.06.

 
	
  

 	
  

 
	
  

 	
           “LIBO
 Rate” means, for any Interest Period for all LIBO Rate Advances
 comprising part of the same Competitive Bid Borrowing, an interest rate per annum
 equal to the rate per annum obtained by dividing (a) the rate per annum
 (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on the
 Reuters Page as the London interbank offered rate for deposits in Dollars or
 in the relevant Foreign Currency at approximately 11:00 A.M. (London time)
 two Business Days prior to the first day of such Interest Period or, if for
 any reason such rate is not available, the average (rounded upward to the
 nearest whole multiple of 1/32 of 1% per annum, if such average is not such a
 multiple) of the rate per annum at which deposits in Dollars or in the
 relevant Foreign Currency are offered by the principal office of each of the
 Reference Banks in London, England to prime banks in the London interbank
 market at 11:00 A.M. (London time) two Business Days before the first
 day of such Interest Period in an amount substantially equal to the amount
 that would be the Reference Banks’ respective ratable shares of such
 Borrowing if such Borrowing were to be a Revolving Credit Borrowing to be
 outstanding during such Interest Period and for a period equal to such
 Interest Period by (b) a percentage equal to 100% minus the Eurocurrency
 Rate Reserve Percentage for such Interest Period. If the Reuters Page is
 unavailable, the LIBO Rate for any Interest Period for each LIBO Rate Advance
 comprising part of the same Competitive Bid Borrowing shall be determined by
 the Agent on the basis of applicable rates furnished to and received by the
 Agent from the Reference Banks two Business Days before the first day of such
 Interest Period, subject, however, to the provisions of
 Section 2.09.

 
	
  

 	
  

 
	
  

 	
           “LIBO
 Rate Advance” means a Competitive Bid Advance denominated in Dollars or
 in any Foreign Currency and bearing interest based on the LIBO Rate.

 
	
  

 	
  

 
	
  

 	
           “Lien”
 means any lien, mortgage, pledge, security interest or other charge or
 encumbrance of any kind.

 
	
  

 	
  

 
	
  

 	
           “Local
 Rate Advance” means a Competitive Bid Advance denominated in any Foreign
 Currency sourced from the jurisdiction of issuance of such Foreign Currency
 and bearing interest at a fixed rate.

 
	
  

 	
  

 
	
  

 	
           “Major
 Currencies” means lawful currency of the United Kingdom of Great Britain
 and Northern Ireland, lawful currency of Japan and Euros.

 
	
  

 	
  

 
	
  

 	
           “Majority
 Lenders” means at any time Lenders holding at least 51% of the then
 aggregate principal amount (based on the Equivalent in Dollars at such time)
 of the Revolving Credit Advances owing to Lenders, or, if no such principal
 amount is then outstanding, Lenders having at least 51% of the Revolving
 Credit Commitments; provided that if any Lender shall be a Defaulting
 Lender at such time, there shall be excluded from the determination of
 Majority Lenders at such time the Revolving Credit Commitments of such Lender
 at such time.

 

12

	
  

 	
  

 
	
  

 	
           “Mandatory
 Cost” means the percentage rate per annum calculated by the Swing Line
 Agent in accordance with Schedule III.

 
	
  

 	
  

 
	
  

 	
           “Market
 Rate Spread” means a rate per annum equal to the credit default swap
 mid-rate spread of the Company interpolated from the applicable Spread
 Determination Date to the latest Termination Date (or, if the period from
 such Spread Determination Date to the latest Termination Date is less than
 one year, then the one-year credit default swap mid-rate spread of the
 Company), in each case established on the most
 recent Spread Determination Date and based on the credit default swap
 mid-rate spreads specified by Markit, as of the close of business on the
 Business Day immediately prior to such Spread Determination Date, subject to
 a minimum rate and a maximum rate as determined by reference to the Public
 Debt Rating in effect on such date as set forth below:

 

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Public Debt Rating

 S&P/Moody’s

 	
  

 	
 Minimum Rate

 	
  

 	
 Maximum Rate

 	
  

 
	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 
	
 Level 1

 A+ or A1 or above

 	
  

 	
 0.250

 	
 %

 	
  

 	
 1.000

 	
 %

 	
  

 
	
 Level 2

 Lower than Level 1 but at least A or A2

 	
  

 	
 0.375

 	
 %

 	
  

 	
 1.125

 	
 %

 	
  

 
	
 Level 3

 Lower than Level 2 but at least A- or A3

 	
  

 	
 0.500

 	
 %

 	
  

 	
 1.250

 	
 %

 	
  

 
	
 Level 4

 Lower than Level 3 but at least BBB+ or Baa1

 	
  

 	
 0.625

 	
 %

 	
  

 	
 1.500

 	
 %

 	
  

 
	
 Level 5

 Lower than Level 4

 	
  

 	
 0.750

 	
 %

 	
  

 	
 1.750

 	
 %

 	
  

 

	
  

 	
  

 
	
  

 	
           If the
 Company’s interpolated credit default swap spread, as specified by Markit is
 unavailable, the Company and the Lenders shall negotiate in good faith (for a
 period of up to thirty days after such spread becomes unavailable (such
 thirty-day period, the “Negotiation Period”)) to agree on an
 alternative method for establishing the Market Rate Spread. The Applicable
 Margin at any determination date thereof which falls during the Negotiation
 Period shall be based upon the then most recently available quote of the
 Market Rate Spread. If no such alternative method is agreed upon during the
 Negotiation Period, the Market Rate Spread at any determination date
 subsequent to the end of the Negotiation Period shall be a rate per annum
 equal to the maximum rate applicable from time to time as determined in the
 immediately preceding paragraph. If the Company’s interpolated credit default
 swap spread again becomes available through Markit, then Market Rate Spread
 shall be determined on the basis of such credit default swap spread as set
 forth above.

 
	
  

 	
  

 
	
  

 	
           “Markit”
 means Markit Group Ltd. (or any successor).

 

13

	
  

 	
  

 
	
  

 	
           “Material
 Adverse Change” means any material adverse change in the financial
 condition or results of operations of the Company and its Consolidated
 Subsidiaries taken as a whole.

 
	
  

 	
  

 
	
  

 	
           “Material
 Adverse Effect” means a material adverse effect on (a) the financial
 condition or results of operations of the Company and its Consolidated
 Subsidiaries taken as a whole, (b) the rights and remedies of the Agent
 or any Lender under this Agreement or any Note or (c) the ability of the
 Borrowers to perform their obligations under this Agreement or any Note.

 
	
  

 	
  

 
	
  

 	
           “Moody’s”
 means Moody’s Investors Service, Inc.

 
	
  

 	
  

 
	
  

 	
           “Multiemployer
 Plan” of any Person means a multiemployer plan, as defined in
 Section 4001(a)(3) of ERISA, to which such Person or any of its ERISA
 Affiliates 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.

 
	
  

 	
  

 
	
  

 	
           “Multiple
 Employer Plan” of any Person means a single employer plan, as defined in
 Section 4001(a)(15) of ERISA, that (a) is maintained for employees
 of such Person or any of its ERISA Affiliates and at least one Person other
 than such Person or any of its ERISA Affiliates or (b) was so maintained
 and in respect of which such Person or any of its ERISA Affiliates could have
 liability under Section 4064 or 4069 of ERISA in the event such plan has
 been or were to be terminated.

 
	
  

 	
  

 
	
  

 	
           “Net
 Tangible Assets of the Company and its Consolidated Subsidiaries”, as at
 any particular date of determination, means the total amount of assets (less
 applicable reserves and other properly deductible items) after deducting
 therefrom (a) all current liabilities (excluding any thereof which are by
 their terms extendible or renewable at the option of the obligor thereon to a
 time more than 12 months after the time as of which the amount thereof is
 being computed) and (b) all goodwill, trade names, trademarks, patents,
 unamortized debt discount and expense and other like intangible assets, as
 set forth in the most recent balance sheet of the Company and its
 Consolidated Subsidiaries and computed in accordance with GAAP.

 
	
  

 	
  

 
	
  

 	
           “Non-Consenting
 Lender” has the meaning specified in Section 2.19(b).

 
	
  

 	
  

 
	
  

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

 
	
  

 	
  

 
	
  

 	
           “Note”
 means a Revolving Credit Note or a Competitive Bid Note.

 
	
  

 	
  

 
	
  

 	
           “Notice
 of Competitive Bid Borrowing” has the meaning specified in
 Section 2.03(a).

 
	
  

 	
  

 
	
  

 	
           “Notice
 of Issuance” has the meaning specified in Section 2.04(a).

 
	
  

 	
  

 
	
  

 	
           “Notice
 of Revolving Credit Borrowing” has the meaning specified in
 Section 2.02(a).

 

14

	
  

 	
  

 
	
  

 	
           “Notice
 of Swing Line Borrowing” has the meaning specified in Section 2.02(b).

 
	
  

 	
  

 
	
  

 	
           “Obligations”
 has the meaning specified in Section 7.01(b).

 
	
  

 	
  

 
	
  

 	
           “Parent
 Company” means, with respect to a Lender, the bank holding company (as
 defined in Federal Reserve Board Regulation Y), if any, of such Lender,
 and/or any Person owning, beneficially or of record, directly or indirectly,
 a majority of the shares of such Lender.

 
	
  

 	
  

 
	
  

 	
           “Payment
 Office” means, for any Foreign Currency, such office of Citibank as shall
 be from time to time selected by the Agent and notified by the Agent to the
 Borrowers and the Lenders.

 
	
  

 	
  

 
	
  

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

 
	
  

 	
  

 
	
  

 	
           “Person”
 means an individual, partnership, corporation (including a business trust),
 joint stock company, trust, unincorporated association, joint venture,
 limited liability company or other entity, or a government or any political
 subdivision or agency thereof.

 
	
  

 	
  

 
	
  

 	
           “Plan”
 means a Single Employer Plan or a Multiple Employer Plan.

 
	
  

 	
  

 
	
  

 	
           “Public
 Debt Rating” means, as of any date, the highest rating that has been most
 recently announced by either S&P or Moody’s, as the case may be, for any
 class of non-credit enhanced long-term senior unsecured debt issued by the
 Company. For purposes of the foregoing, (a) if only one of S&P and
 Moody’s shall have in effect a Public Debt Rating, the Applicable Percentage
 and the Market Rate Spread shall be determined by reference to the available
 rating; (b) if neither S&P nor Moody’s shall have in effect a Public
 Debt Rating, the Applicable Percentage and the Market Rate Spread will be set
 in accordance with Level 5 under the definition of “Applicable
 Percentage” or “Market Rate Spread”, as the case may be;
 (c) if the ratings established by S&P and Moody’s shall fall within
 different levels, the Applicable Percentage and the Market Rate Spread shall
 be based upon the higher rating, provided that if the lower of such
 ratings is more than one level below the higher of such ratings, the
 Applicable Percentage and the Market Rate Spread shall be determined by
 reference to the level that is one level above such lower rating; (d) if
 any rating established by S&P or Moody’s shall be changed, such change
 shall be effective as of the date on which such change is first announced
 publicly by the rating agency making such change; and (e) if S&P or
 Moody’s shall change the basis on which ratings are established, each
 reference to the Public Debt Rating announced by S&P or Moody’s, as the
 case may be, shall refer to the then equivalent rating by S&P or Moody’s,
 as the case may be.

 
	
  

 	
  

 
	
  

 	
           “Ratable
 Share” of any amount means, with respect to any Lender at any time, the
 product of (a) a fraction the numerator of which is the amount of such
 Lender’s Revolving Credit Commitment at such time and the denominator of which
 is the aggregate Revolving Credit Commitments at such time and (b) such
 amount.

 
	
  

 	
  

 
	
  

 	
           “Rating
 Condition” has the meaning specified in Section 2.06(c)(ii).

 

15

	
  

 	
  

 
	
  

 	
           “Rating
 Condition Notice” has the meaning specified in Section 2.06(c)(ii).

 
	
  

 	
  

 
	
  

 	
           “Reference
 Banks” means Citibank, Bank of America, N.A., JPMorgan Chase Bank, N.A.
 and Deutsche Bank AG New York Branch.

 
	
  

 	
  

 
	
  

 	
           “Register”
 has the meaning specified in Section 9.06(d).

 
	
  

 	
  

 
	
  

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

 
	
  

 	
  

 
	
  

 	
           “Restricted
 Property” means (a) any property of the Company located within the United
 States of America that, in the opinion of the Company’s Board of Directors,
 is a principal manufacturing property or (b) any shares of capital stock or
 Debt of any Subsidiary owning any such property.

 
	
  

 	
  

 
	
  

 	
           “Reuters
 Page” means the Reuters Screen LIBOR01 Page.

 
	
  

 	
  

 
	
  

 	
           “Revolving
 Credit Advance” means an advance by a Lender to any Borrower as part of a
 Revolving Credit Borrowing and refers to a Base Rate Advance or a
 Eurocurrency Rate Advance (each of which shall be a “Type” of
 Revolving Credit Advance).

 
	
  

 	
  

 
	
  

 	
           “Revolving
 Credit Borrowing” means a borrowing consisting of simultaneous Revolving
 Credit Advances of the same Type made by each of the Lenders pursuant to
 Section 2.01.

 
	
  

 	
  

 
	
  

 	
           “Revolving
 Credit Commitment” means as to any Lender (i) the Dollar amount set forth
 opposite its name on the signature pages hereof under the caption “Revolving
 Credit Commitment”, (ii) if such Lender has become a Lender hereunder
 pursuant to an Assumption Agreement, the Dollar amount set forth in such
 Assumption Agreement or (iii) if such Lender has entered into any Assignment
 and Acceptance, the Dollar amount set forth for such Lender in the Register
 maintained by the Agent pursuant to Section 9.06(d) as such Lender’s
 Revolving Credit Commitment, in each case as the same may be terminated or
 reduced, as the case may be, pursuant to Section 2.06 or increased pursuant
 to Section 2.18 (and, in the case of a Swing Line Bank, its Revolving Credit
 Commitment or that of its affiliate shall include such Swing Line Bank’s
 Swing Line Commitment).

 
	
  

 	
  

 
	
  

 	
           “Revolving
 Credit Facility” means, at any time, the aggregate amount of the
 Revolving Credit Commitments, as such amount may be reduced at or prior to
 such time pursuant to Section 2.06.

 
	
  

 	
  

 
	
  

 	
           “Revolving
 Credit Note” means a promissory note of any Borrower payable to the order
 of any Lender, delivered pursuant to a request made under Section 2.17 in
 substantially the form of Exhibit A-1 hereto, evidencing the aggregate
 indebtedness of such Borrower to such Lender resulting from the Revolving
 Credit Advances made by such Lender to such Borrower.

 

16

	
  

 	
  

 
	
  

 	
           “Sale
 and Leaseback Transaction” means any arrangement with any Person (other
 than the Company or a Subsidiary of the Company), or to which any such Person
 is a party, providing for the leasing to the Company or to a Subsidiary of
 the Company owning Restricted Property for a period of more than three years
 of any Restricted Property that has been or is to be sold or transferred by
 the Company or such Subsidiary to such Person, or to any other Person (other
 than the Company or a Subsidiary of the Company) to which funds have been or
 are to be advanced by such Person on the security of the leased property. It
 is understood that arrangements pursuant to Section 168(f)(8) of the
 Internal Revenue Code of 1954, as amended, or any successor provision having
 similar effect, are not included within this definition of “Sale and
 Leaseback Transaction”.

 
	
  

 	
  

 
	
  

 	
           “Single
 Employer Plan” of any Person means a single employer plan, as defined in
 Section 4001(a)(15) of ERISA, that (a) is maintained for employees
 of such Person or any of its ERISA Affiliates and no Person other than such
 Person and its ERISA Affiliates or (b) was so maintained and in respect
 of which such Person or any of its ERISA Affiliates could have liability
 under Section 4069 of ERISA in the event such plan has been or were to
 be terminated.

 
	
  

 	
  

 
	
  

 	
           “S&P”
 means Standard & Poor’s Ratings Group, a division of The McGraw Hill
 Companies, Inc.

 
	
  

 	
  

 
	
  

 	
           “Spread
 Determination Date” means, at any time, (a) for any
 Eurocurrency Advance, (i) the date that is two Business Days before the
 commencement of the Interest Period applicable to such Advance and (ii) in the
 case of an Interest Period of more than three months’ duration, the date that
 is the last Business Day of each successive three-month period during such
 Interest Period, and (b) for any Base Rate Advance or any Letter of Credit,
 (i) the Effective Date and (ii) the last day (or if such day is not a
 Business Day, the immediately preceding Business Day) of each March, June,
 September and December after the Effective Date.

 
	
  

 	
  

 
	
  

 	
           “Sub-Agent”
 means Citibank International plc.

 
	
  

 	
  

 
	
  

 	
           “Subsidiary”
 of any Person means any corporation, partnership, joint venture, limited
 liability company, trust or estate of which (or in which) more than 50% of
 (a) the issued and outstanding capital stock having ordinary voting
 power to elect a majority of the Board of Directors of such corporation
 (irrespective of whether at the time capital stock of any other class or
 classes of such corporation shall or might have voting power upon the
 occurrence of any contingency), (b) the interest in the capital or profits
 of such limited liability company, partnership or joint venture or
 (c) the beneficial interest in such trust or estate is at the time
 directly or indirectly owned or controlled by such Person, by such Person and
 one or more of its other Subsidiaries or by one or more of such Person’s
 other Subsidiaries.

 
	
  

 	
  

 
	
  

 	
           “Swing
 Line Advance” means an advance by a Swing Line Bank to any Borrower as
 part of a Swing Line Borrowing and refers to a Euro Swing Line Advance or a
 Dollar Swing Line Advance (each of which shall be a “Type” of Swing
 Line Advance).

 

17

	
  

 	
  

 
	
  

 	
           “Swing
 Line Bank” means each Initial Swing Line Bank and any other Lender
 acceptable to the Company and the Swing Line Agent that agrees to perform the
 duties of a Swing Line Bank hereunder.

 
	
  

 	
  

 
	
  

 	
           “Swing
 Line Borrowing” means a borrowing consisting of simultaneous Swing Line
 Advances made by each of the Swing Line Banks pursuant to Section 2.01(c).

 
	
  

 	
  

 
	
  

 	
           “Swing
 Line Commitment” means as to any Lender (i) the Euro amount set forth
 opposite such Lender’s name on Schedule II hereof or (ii) if such Lender has
 entered into an Assignment and Acceptance, the Euro amount set forth for such
 Lender in the Register maintained by the Swing Line Agent pursuant to Section
 9.07(d), in each case as such amount may be reduced pursuant to Section 2.06.

 
	
  

 	
  

 
	
  

 	
           “Swing
 Line Facility” means, at any time, the aggregate amount of the Swing Line
 Banks’ Swing Line Commitments at such time.

 
	
  

 	
  

 
	
  

 	
           “Termination
 Date” means the earlier of (a) March 31, 2016, subject to the extension
 thereof pursuant to Section 2.19 and (b) the date of termination in whole of
 the Commitments pursuant to Section 2.06 or Section 6.01 or, if all
 Lenders elect to terminate their Commitments as provided therein, Section
 2.06(d); provided, however, that the Termination Date of any
 Lender that is a Non-Consenting Lender to any requested extension pursuant to
 Section 2.19 shall be the Termination Date in effect immediately prior to the
 applicable Extension Date for all purposes of this Agreement.

 
	
  

 	
  

 
	
  

 	
           “Threatened”
 means, with respect to any action, suit, investigation, litigation or
 proceeding, a written communication to the Company or a Designated
 Subsidiary, as the case may be, expressing an intention to immediately bring
 such action, suit, investigation, litigation or proceeding.

 
	
  

 	
  

 
	
  

 	
           “Unissued
 Letter of Credit Commitment” means, with respect to any Issuing Bank, the
 obligation of such Issuing Bank to issue Letters of Credit to any Borrower in
 an amount (converting all non-Dollar amounts into the then Dollar Equivalent
 thereof) equal to the excess of (a) the amount of its Letter of Credit
 Commitment over (b) the aggregate Available Amount of all Letters of Credit
 issued by such Issuing Bank.

 
	
  

 	
  

 
	
  

 	
           “Unused
 Commitment” means, with respect to each Lender at any time, (a) the
 amount of such Lender’s Revolving Credit Commitment at such time minus
 (b) the sum of (i) the aggregate principal amount of all Revolving Credit
 Advances (based in respect of any Advances denominated in a Major Currency on
 the Equivalent in Dollars at such time) made by such Lender (in its capacity
 as a Lender) and outstanding at such time, plus (ii) such Lender’s
 Ratable Share of (A) the aggregate principal amount of the Competitive Bid
 Advances (based in respect of any Advances denominated in a Foreign Currency
 on the Equivalent in Dollars at such time), (B) the aggregate Available
 Amount of all the Letters of Credit outstanding at such time (based in
 respect of any Letters of Credit denominated in a Major Currency on the
 Equivalent in Dollars at such time) and (C) the aggregate principal amount of
 all Swing Line Advances outstanding at such time (based in respect of any
 Swing Line Advances denominated in Euros on the Equivalent in Dollars at such
 time); 

 

18

	
  

 	
  

 
	
  

 	
 provided, further, that each
 Revolving Credit Lender’s Revolving Credit Commitment shall be deemed used
 from time to time to the extent of the Swing Line Advances made by it or its
 affiliate that is a Swing Line Bank.

 
	
  

 	
  

 
	
  

 	
           “Unused
 Commitment (Fee Calculation)” means, with respect to each Lender at any
 time, (a) the amount of such Lender’s Revolving Credit Commitment at such
 time minus (b) the sum of (i) the aggregate principal amount of all
 Revolving Credit Advances (based in respect of any Advances denominated in a
 Major Currency on the Equivalent in Dollars at such time) made by such Lender
 (in its capacity as a Lender) and outstanding at such time, plus (ii)
 such Lender’s Ratable Share of the aggregate Available Amount of all the
 Letters of Credit outstanding at such time (based in respect of any Letters
 of Credit denominated in a Major Currency on the Equivalent in Dollars at
 such time).

 
	
  

 	
  

 
	
  

 	
           “Voting
 Stock” means capital stock issued by a corporation, or equivalent
 interests in any other Person, the holders of which are ordinarily, in the
 absence of contingencies, entitled to vote for the election of directors (or
 persons performing similar functions) of such Person, even if the right so to
 vote has been suspended by the happening of such a contingency.

 
	
  

 	
  

 
	
  

 	
           “Withdrawal
 Liability” has the meaning specified in Part I of Subtitle E of Title IV
 of ERISA.

 

                    SECTION
1.02. Computation of Time Periods. In this Agreement in the
computation of periods of time from a specified date to a later specified date,
the word “from” means “from and including” and the words “to” and “until” each
mean “to but excluding”.

                    SECTION
1.03. Accounting Terms.
All accounting terms not specifically defined herein shall be construed, and
all financial computations and determinations pursuant hereto shall be made, in
accordance with generally accepted accounting principles consistent with those
applied in the preparation of the financial statements referred to in
Section 4.01(e) (“GAAP”); provided, however, that, if
any changes in accounting principles from those used in the preparation of such
financial statements have been required by the rules, regulations,
pronouncements or opinions of the Financial Accounting Standards Board or the
American Institute of Certified Public Accountants (or successors thereto or
agencies with similar functions) and have been adopted by the Company with the
agreement of its independent certified public accountants, the Lenders agree to
consider a request by the Company to amend this Agreement to take account of
such changes.

ARTICLE II

          AMOUNTS AND
TERMS OF THE ADVANCES AND LETTERS OF CREDIT

                    SECTION
2.01. The Revolving Credit Advances, Letters of Credit and Swing Line
Advances. (a) Revolving Credit
Advances. Each Lender severally agrees, on the terms and conditions
hereinafter set forth, to make Revolving Credit Advances to any Borrower from
time to time on any Business Day during the period from the Effective Date
until the Termination Date in an aggregate amount (based in respect of any
Revolving Credit Advance denominated in a Major Currency on the Equivalent in
Dollars determined on the date of delivery of the applicable Notice 

19

of Revolving Credit Borrowing), not to exceed such Lender’s Unused
Commitment. Each Revolving Credit Borrowing shall be in an aggregate amount not
less than $10,000,000 (or the Equivalent thereof in any Major Currency
determined on the date of delivery of the applicable Notice of Revolving Credit
Borrowing) or an integral multiple of $1,000,000 (or the Equivalent thereof in
any Major Currency determined on the date of delivery of the applicable Notice
of Revolving Credit Borrowing) in excess thereof and shall consist of Revolving
Credit Advances of the same Type made on the same day by the Lenders ratably
according to their respective Revolving Credit Commitments; provided, however,
that if there is no unused portion of the Commitment of one or more Lenders at
the time of any requested Revolving Credit Borrowing such Borrowing shall
consist of Revolving Credit Advances of the same Type made on the same day by
the Lender or Lenders who do then have an Unused Commitment ratably according
to the aggregate Unused Commitments. Notwithstanding anything herein to the
contrary, no Revolving Credit Borrowing may be made in a Major Currency if,
after giving effect to the making of such Revolving Credit Borrowing, the
Equivalent in Dollars of the aggregate amount of outstanding Revolving Credit
Advances denominated in Major Currencies, together with the Equivalent in
Dollars of the aggregate amount of outstanding Competitive Bid Advances
denominated in Foreign Currencies, would exceed $500,000,000. Within the limits
of each Lender’s Revolving Credit Commitment, any Borrower may borrow under
this Section 2.01(a), prepay pursuant to Section 2.10 and reborrow under
this Section 2.01(a).

                    (b)
Letters of Credit. Each Issuing Bank agrees, on the terms and conditions
hereinafter set forth, to issue performance and financial letters of credit
(each, a “Letter of Credit”) in any Major Currency for the account of
any Borrower from time to time on any Business Day during the period from the
Effective Date until 30 days before the Termination Date (i) in an aggregate
Available Amount for all Letters of Credit issued by all Issuing Banks not to
exceed at any time the Letter of Credit Facility at such time, (ii) in an
amount for each Issuing Bank not to exceed the amount of such Issuing Banks’
Letter of Credit Commitment at such time and (iii) in an amount for each
such Letter of Credit not to exceed an amount equal to the Unused Commitments
of the Lenders at such time, in each case, converting all non-Dollar amounts
into the Dollar Equivalent thereof; provided that any Borrower may
request that Letters of Credit be issued for the account of any of its
Subsidiaries (without designating such Subsidiary as a Designated Subsidiary)
so long as such Borrower remains obligated for the reimbursement of any
drawings under such Letters of Credit under the terms of this Agreement. No
Letter of Credit shall have an expiration date (including all rights of the
applicable Borrower or the beneficiary to require renewal) of later than the
Termination Date, provided that no Letter of Credit may expire after the
Termination Date of any Non-Consenting Lender if, after giving effect to such
issuance, the aggregate Revolving Credit Commitments of the Consenting Lenders
(including any replacement Lenders) for the period following such Termination
Date would be less than the Available Amount of the Letters of Credit expiring
after such Termination Date. Within the limits referred to above, any Borrower
may request the issuance of Letters of Credit under this Section 2.01(b),
repay any Revolving Credit Advances resulting from drawings thereunder pursuant
to Section 2.04(c) and request the issuance of additional Letters of
Credit under this Section 2.01(b). Each letter of credit listed on
Schedule 2.01(b) shall be deemed to constitute a Letter of Credit issued
hereunder, and each Lender that is an issuer of such a Letter of Credit shall,
for purposes of Section 2.04, be deemed to be an Issuing Bank for each such
letter of credit, provided that any renewal or replacement of any such
letter of credit shall be issued by an Issuing Bank pursuant to the terms of

20

this Agreement. The terms “issue”, “issued”, “issuance” and all similar
terms, when applied to a Letter of Credit, shall include any renewal, extension
or amendment thereof.

                    (c)
The Swing Line Advances. Each Swing Line Bank severally agrees, on the
terms and conditions hereinafter set forth, to make Swing Line Advances to any
Borrower from time to time on any Business Day during the period from the
Effective Date until the Termination Date in an aggregate amount outstanding
not to exceed at any time the lesser of (i) such Swing Line Bank’s Swing Line
Commitment and (ii) the Unused Commitments of the Lenders at such time. Each
Swing Line Borrowing shall be in an aggregate amount of no less than €1,000,000
or $1,000,000, as the case may be. Each Swing Line Borrowing shall consist of
Swing Line Advances of the same Type made on the same day by the Swing Line
Banks ratably according to their respective Swing Line Commitments. Within the
limits of the Swing Line Facility and within the limits referred to in clause
(ii) above, the Borrowers may borrow under this 2.01(c), prepay pursuant to
Section 2.10 and reborrow under this Section 2.01(c).

                    (d)
Relationship of the Swing Line Facility with the Revolving Credit Facility.
The Revolving Credit Facility may be used by way of Swing Line Advances. The
Swing Line Facility is not independent of the Revolving Credit Facility.

                    SECTION
2.02. Making the Revolving Credit Advances and Swing Line Advances. (a)
Each Revolving Credit Borrowing shall be made on notice, given not later than
(x) 10:00 A.M. (New York City time) on the third Business Day prior to the
date of the proposed Revolving Credit Borrowing in the case of a Revolving
Credit Borrowing consisting of Eurocurrency Rate Advances denominated in any
Major Currency, (y) 11:00 A.M. (New York City time) on the third
Business Day prior to the date of the proposed Revolving Credit Borrowing in
the case of a Revolving Credit Borrowing consisting of Eurocurrency Rate Advances
denominated in Dollars or (z) 9:00 A.M. (New York City time) on the day of
the proposed Revolving Credit Borrowing in the case of a Revolving Credit
Borrowing consisting of Base Rate Advances, by any Borrower to the Agent (and
the Agent shall, in the case of a Revolving Credit Borrowing consisting of
Eurocurrency Rate Advances, immediately relay such notice to the Sub-Agent),
which shall give to each Lender prompt notice thereof by telecopier. Each such
notice of a Revolving Credit Borrowing (a “Notice of Revolving Credit
Borrowing”) shall be by telephone, confirmed immediately in writing, or
telecopier in substantially the form of Exhibit B-1 hereto, specifying
therein the requested (i) date of such Revolving Credit Borrowing,
(ii) Type of Advances comprising such Revolving Credit Borrowing,
(iii) aggregate amount of such Revolving Credit Borrowing, and
(iv) in the case of a Revolving Credit Borrowing consisting of
Eurocurrency Rate Advances, initial Interest Period and currency for each such
Revolving Credit Advance. Each Lender shall, before 11:00 A.M.
(New York City time) on the date of such Revolving Credit Borrowing, in
the case of a Revolving Credit Borrowing consisting of Advances denominated in
Dollars, and before 11:00 A.M. (London time) on the date of such Revolving
Credit Borrowing, in the case of a Revolving Credit Borrowing consisting of
Eurocurrency Rate Advances denominated in any Major Currency, make available
for the account of its Applicable Lending Office to the Agent at the applicable
Agent’s Account, in same day funds, such Lender’s ratable portion (as
determined in accordance with Section 2.01) of such Revolving Credit Borrowing.
After the Agent’s receipt of such funds and upon fulfillment of the applicable
conditions set forth in Article III, the Agent will make such funds
available to the Borrower requesting the Revolving Credit Borrowing at the
Agent’s aforesaid address or at the applicable 

21

Payment Office, as the case may be; provided, however,
that the Agent shall first make a portion of such funds equal to the aggregate
principal amount of any Swing Line Advances made by the Swing Line Banks in the
same currency as the requested Revolving Credit Advance and outstanding on the
date of such Revolving Credit Borrowing, plus interest accrued and unpaid
thereon to and as of such date, available to the Swing Line Banks and such
other Lenders for repayment of such Swing Line Advances.

                    (b)
Each Swing Line Borrowing shall be made on notice, given not later than 9:30
A.M. (London time) on the date of the proposed Swing Line Borrowing, by the
applicable Borrower to the Swing Line Agent which shall give to each Swing Line
Bank prompt notice thereof by facsimile. Each such notice of a Swing Line
Borrowing (a “Notice of Swing Line Borrowing”) shall be by facsimile,
such notice to be in substantially the form of Exhibit B-3 hereto, specifying
therein the requested (i) date of such Swing Line Borrowing, (ii) Type of Swing
Line Advances comprising such Swing Line Borrowing, (iii) aggregate amount of
such Swing Line Borrowing, and (iv) the Interest Period for each such Swing
Line Advance. Each Swing Line Bank shall, before 11:00 A.M. (London time) on
the date of such Swing Line Borrowing, make available for the account of its Applicable
Lending Office to the Swing Line Agent, in same day funds, such Swing Line
Bank’s ratable portion of such Swing Line Borrowing. After receipt of such
funds by the Swing Line Agent and upon fulfillment of the applicable conditions
set forth in Article III, the Swing Line Agent will make such funds available
to the relevant Borrower as specified in the applicable Notice of Swing Line
Borrowing.

                    (c)
Anything in subsection (a) above to the contrary notwithstanding, a
Borrower may not select Eurocurrency Rate Advances for any proposed Revolving
Credit Borrowing if the obligation of the Lenders to make Eurocurrency Rate
Advances shall then be suspended pursuant to Section 2.09 or 2.12.

                    (d)
Each Notice of Revolving Credit Borrowing and Notice of Swing Line Borrowing of
any Borrower shall be irrevocable and binding on such Borrower. In the case of
any Revolving Credit Borrowing that the related Notice of Revolving Credit
Borrowing specifies is to be comprised of Eurocurrency Rate Advances, the
Borrower requesting such Revolving Credit Borrowing shall indemnify each Lender
against any loss, cost or expense incurred by such Lender as a result of any
failure by such Borrower to fulfill on or before the date specified in such
Notice of Revolving Credit Borrowing for such Revolving Credit Borrowing the
applicable conditions set forth in Article III, including, without
limitation, any loss (including loss of anticipated profits), cost or expense
incurred by reason of the liquidation or reemployment of deposits or other
funds acquired by such Lender to fund the Revolving Credit Advance to be made
by such Lender as part of such Revolving Credit Borrowing when such Revolving
Credit Advance, as a result of such failure, is not made on such date. The
Borrower requesting a Swing Line Borrowing shall indemnify each Swing Line Bank
against any loss, cost or expense incurred by such Swing Line Bank as a result
of any failure to fulfill on or before the date specified in such Notice of Swing
Line Borrowing for such Swing Line Borrowing the applicable conditions set
forth in Article III, including, without limitation, any loss (excluding loss
of anticipated profits), cost or expense incurred by reason of the liquidation
or reemployment of deposits or other funds acquired by such Swing Line Bank to
fund the Swing Line Advance to be made by such Swing Line Bank as part of such
Swing Line Borrowing when such Swing Line Advance, as a result of such failure,
is not made on such date.

22

                    (e)
(i) Unless the Agent shall have received notice from a Lender prior to the time
of any Revolving Credit Borrowing that such Lender will not make available to
the Agent such Lender’s ratable portion of such Revolving Credit Borrowing the Agent
may assume that such Lender has made such portion available to the Agent on the
date of such Revolving Credit Borrowing in accordance with subsection (a)
of this Section 2.02 and the Agent may, in reliance upon such assumption,
make available to the Borrower proposing such Revolving Credit Borrowing on
such date a corresponding amount. If and to the extent that such Lender shall
not have so made such ratable portion available to the Agent, such Lender and
such Borrower severally agree to repay to the Agent forthwith on demand such
corresponding amount together with interest thereon, for each day from the date
such amount is made available to such Borrower until the date such amount is
repaid to the Agent, at (x) in the case of such Borrower, the higher of
(A) the interest rate applicable at the time to Revolving Credit Advances
comprising such Revolving Credit Borrowing and (B) the cost of funds
incurred by the Agent in respect of such amount and (y) in the case of
such Lender, (A) the Federal Funds Rate in the case of Advances
denominated in Dollars or (B) the cost of funds incurred by the Agent in
respect of such amount in the case of Advances denominated in any Major
Currency. If such Lender shall repay to the Agent such corresponding amount, such
amount so repaid shall constitute such Lender’s Revolving Credit Advance as
part of such Revolving Credit Borrowing for purposes of this Agreement.

                    (ii)
Unless the Swing Line Agent shall have received notice from a Swing Line Bank
prior to 11:00 A.M. (London time) on the day of any Swing Line Borrowing that
such Swing Line Bank will not make available to the Swing Line Agent such Swing
Line Bank’s ratable portion of such Swing Line Borrowing, the Swing Line Agent
may assume that such Swing Line Bank has made such portion available to the
Swing Line Agent on the date of such Swing Line Borrowing in accordance with
subsection (b) of this Section 2.02 and the Swing Line Agent may, in
reliance upon such assumption, make available to the Borrower proposing such
Swing Line Borrowing on such date a corresponding amount. If and to the extent
that such Swing Line Bank shall not have so made such ratable portion available
to the Swing Line Agent such Swing Line Bank and such Borrower severally agree to
repay to the Swing Line Agent forthwith on demand such corresponding amount
together with interest thereon, for each day from the date such amount is made
available to such Borrower until the date such amount is repaid to the Swing
Line Agent at (x) in the case of such Borrower, the higher of (A) the interest
rate applicable at the time to Swing Line Advances comprising such Swing Line
Borrowing and (B) the cost of funds incurred by the Swing Line Agent in respect
of such amount, and (y) in the case of such Swing Line Bank, the cost of funds
incurred by the Swing Line Agent in respect of such amount. If such Swing Line
Bank shall repay to the Swing Line Agent such corresponding amount, such amount
so repaid shall constitute such Swing Line Bank’s Swing Line Advance as part of
such Swing Line Borrowing for purposes of this Agreement.

                    (f)
(i) The failure of any Lender to make the Revolving Credit Advance to be made
by it as part of any Revolving Credit Borrowing shall not relieve any other Lender
of its obligation, if any, hereunder to make its Revolving Credit Advance on
the date of such Revolving Credit Borrowing, but no Lender shall be responsible
for the failure of any other Lender to make the Revolving Credit Advance to be
made by such other Lender on the date of any Revolving Credit Borrowing.

23

                    (ii)
The failure of any Swing Line Bank to make the Swing Line Advance to be made by
it as part of any Swing Line Borrowing shall not relieve any other Swing Line
Bank of its obligation hereunder to make its Swing Line Advance on the date of
such Swing Line Borrowing, but no Swing Line Bank shall be responsible for the
failure of any other Swing Line Bank to make the Swing Line Advance to be made
by such other Swing Line Bank on the date of any Swing Line Borrowing.

                    (g)
If the respective Unused Commitments of the Lenders on the first day of an
Interest Period for any Revolving Credit Borrowing are different from the
respective Unused Commitments of the Lenders on the last day of such Interest
Period, the Agent shall so notify the Lenders and the respective Revolving
Credit Advances shall be reallocated among the Lenders so that, after giving
effect to such reallocation, the Revolving Credit Advances comprising such
Revolving Credit Borrowing and continuing into the subsequent Interest Period
are funded by the Lenders ratably according to their respective Unused
Commitments on such last day. Each Lender agrees that the conditions precedent
set forth in Section 3.03 shall not apply to any additional amounts required to
be funded by such Lender pursuant to this Section 2.02(g).

                    SECTION
2.03. The Competitive Bid Advances. (a) Each Lender severally agrees
that any Borrower may request Competitive Bid Borrowings under this
Section 2.03 from time to time on any Business Day during the period from
the date hereof until the date occurring seven days prior to the Termination
Date in the manner set forth below; provided that, following the making
of each Competitive Bid Borrowing, the aggregate amount (based in respect of
any Advance denominated in a Foreign Currency on the Equivalent in Dollars on
such Business Day) of the Advances and the aggregate Available Amount of
Letters of Credit then outstanding shall not exceed the aggregate amount of the
Revolving Credit Commitments. Notwithstanding anything herein to the contrary,
no Competitive Bid Borrowing may be made in a Foreign Currency if, after giving
effect to the making of such Competitive Bid Borrowing, the Equivalent in
Dollars of the aggregate amount of outstanding Competitive Bid Advances
denominated in Foreign Currencies, together with the Equivalent in Dollars of
the aggregate amount of outstanding Revolving Credit Advances denominated in Major
Currencies, would exceed $500,000,000.

	
  

 	
  

 
	
  

 	
           (i) Any
 Borrower may request a Competitive Bid Borrowing under this Section 2.03
 by delivering to the Agent (and the Agent shall, in the case of a Competitive
 Bid Borrowing not consisting of Fixed Rate Advances or LIBO Rate Advances to
 be denominated in Dollars, immediately notify the Sub-Agent), by telecopier,
 a notice of a Competitive Bid Borrowing (a “Notice of Competitive Bid
 Borrowing”), in substantially the form of Exhibit B-2 hereto,
 specifying therein the requested (A) date of such proposed Competitive
 Bid Borrowing, (B) aggregate amount of such proposed Competitive Bid
 Borrowing, (C) interest rate basis and day count convention to be
 offered by the Lenders, (D) currency of such proposed Competitive Bid
 Borrowing, (E) in the case of a Competitive Bid Borrowing consisting of
 LIBO Rate Advances, Interest Period of each Competitive Bid Advance to be
 made as part of such Competitive Bid Borrowing, or in the case of a
 Competitive Bid Borrowing consisting of Fixed Rate Advances or Local Rate
 Advances, maturity date for repayment of each Fixed Rate Advance or Local
 Rate Advance to be made as part of such Competitive Bid Borrowing (which
 maturity date may not be earlier than the date occurring five days after the
 date of such Competitive Bid 

 

24

	
  

 	
  

 
	
  

 	
 Borrowing or later than the Termination Date), (F) interest
 payment date or dates relating thereto, (G) location of such Borrower’s
 account to which funds are to be advanced, and (H) other terms (if any)
 to be applicable to such Competitive Bid Borrowing, not later than
 (w) 10:00 A.M. (New York City time) at least one Business Day
 prior to the date of the proposed Competitive Bid Borrowing, if such Borrower
 shall specify in its Notice of Competitive Bid Borrowing that the rates of
 interest to be offered by the Lenders shall be fixed rates per annum (each
 Advance comprising any such Competitive Bid Borrowing being referred to
 herein as a “Fixed Rate Advance”) and that the Advances comprising
 such proposed Competitive Bid Borrowing shall be denominated in Dollars,
 (x) 10:00 A.M. (New York City time) at least four Business Days prior to
 the date of the proposed Competitive Bid Borrowing, if such Borrower shall
 instead specify in its Notice of Competitive Bid Borrowing that the Advances
 comprising such Competitive Bid Borrowing shall be LIBO Rate Advances
 denominated in Dollars, (y) 3:00 P.M. (New York City time) at least
 three Business Days prior to the date of the proposed Competitive Bid
 Borrowing, if such Borrower shall specify in the Notice of Competitive Bid
 Borrowing that the Advances comprising such proposed Competitive Bid
 Borrowing shall be either Fixed Rate Advances denominated in any Foreign
 Currency or Local Rate Advances denominated in any Foreign Currency and
 (z) 3:00 P.M. (New York City time) at least five Business Days prior to
 the date of the proposed Competitive Bid Borrowing, if such Borrower shall
 instead specify in its Notice of Competitive Bid Borrowing that the Advances
 comprising such Competitive Bid Borrowing shall be LIBO Rate Advances
 denominated in any Foreign Currency. Each Notice of Competitive Bid Borrowing
 shall be irrevocable and binding on such Borrower. Any Notice of Competitive
 Bid Borrowing by a Designated Subsidiary shall be given to the Agent in
 accordance with the preceding sentence through the Company on behalf of such
 Designated Subsidiary. The Agent shall in turn promptly notify each Lender of
 each request for a Competitive Bid Borrowing received by it from such
 Borrower by sending such Lender a copy of the related Notice of Competitive
 Bid Borrowing.

 
	
  

 	
  

 
	
  

 	
           (ii) Each
 Lender may, if, in its sole discretion, it elects to do so, irrevocably offer
 to make one or more Competitive Bid Advances to the Borrower proposing the Competitive
 Bid Borrowing as part of such proposed Competitive Bid Borrowing at a rate or
 rates of interest specified by such Lender in its sole discretion, by
 notifying the Agent (which shall give prompt notice thereof to such Borrower
 and to the Sub-Agent, if applicable), (A) before 9:30 A.M.
 (New York City time) on the date of such proposed Competitive Bid
 Borrowing, in the case of a Competitive Bid Borrowing consisting of Fixed
 Rate Advances denominated in Dollars, (B) before 10:00 A.M. (New York City time)
 three Business Days before the date of such proposed Competitive Bid
 Borrowing, in the case of a Competitive Bid Borrowing consisting of LIBO Rate
 Advances denominated in Dollars, (C) before 10:00 A.M. (New York City
 time) on the second Business Day prior to the date of such proposed
 Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing
 consisting of either Fixed Rate Advances denominated in any Foreign Currency
 or Local Rate Advances denominated in any Foreign Currency and (D) before
 10:00 A.M. (New York City time) four Business Days before the date of such
 proposed Competitive Bid Borrowing, in the case of a Competitive Bid
 Borrowing consisting of LIBO Rate Advances denominated in any Foreign
 Currency, of the minimum amount and maximum amount of each Competitive Bid
 Advance which such Lender would be willing to make as 

 

25

	
  

 	
  

 
	
  

 	
 part of such proposed Competitive Bid Borrowing (which amounts, or
 the Equivalent thereof in Dollars, as the case may be, may, subject to the
 proviso to the first sentence of this Section 2.03(a), exceed such
 Lender’s Commitment, if any), the rate or rates of interest therefor and such
 Lender’s Applicable Lending Office with respect to such Competitive Bid
 Advance; provided that if the Agent in its capacity as a Lender shall,
 in its sole discretion, elect to make any such offer, it shall notify such
 Borrower of such offer at least 30 minutes before the time and on the date on
 which notice of such election is to be given to the Agent, by the other
 Lenders. If any Lender shall elect not to make such an offer, such Lender
 shall so notify the Agent, before 10:00 A.M. (New York City time)
 (and the Agent shall notify the Sub-Agent, if applicable) on the date on
 which notice of such election is to be given to the Agent by the other
 Lenders, and such Lender shall not be obligated to, and shall not, make any
 Competitive Bid Advance as part of such Competitive Bid Borrowing; provided
 that the failure by any Lender to give such notice shall not cause such
 Lender to be obligated to make any Competitive Bid Advance as part of such
 proposed Competitive Bid Borrowing.

 
	
  

 	
  

 
	
  

 	
           (iii) The
 Borrower proposing the Competitive Bid Advance shall, in turn,
 (A) before 10:30 A.M. (New York City time) on the date of such
 proposed Competitive Bid Borrowing, in the case of a Competitive Bid
 Borrowing consisting of Fixed Rate Advances denominated in Dollars, (B)
 before 11:00 A.M. (New York City time) three Business Days before
 the date of such proposed Competitive Bid Borrowing, in the case of a
 Competitive Bid Borrowing consisting of LIBO Rate Advances denominated in
 Dollars, (C) before 10:00 A.M. (New York City time) on the Business Day
 prior to the date of such Competitive Bid Borrowing, in the case of a
 Competitive Bid Borrowing consisting of either Fixed Rate Advances
 denominated in any Foreign Currency or Local Rate Advances denominated in any
 Foreign Currency and (D) before 10:00 A.M. (New York City time) three
 Business Days before the date of such proposed Competitive Bid Borrowing, in
 the case of a Competitive Bid Borrowing consisting of LIBO Rate Advances
 denominated in any Foreign Currency, either:

 

	
  

 	
  

 
	
  

 	
           (x) cancel such Competitive Bid Borrowing by giving the Agent notice
 to that effect, or

 
	
  

 	
  

 
	
  

 	
           (y) accept one or more of the offers made by any Lender or Lenders
 pursuant to paragraph (ii) above, in its sole discretion, by giving notice to
 the Agent (and the Agent shall give notice to the Sub-Agent, if applicable)
 of the amount of each Competitive Bid Advance (which amount shall be equal to
 or greater than the minimum amount, and equal to or less than the maximum
 amount, notified to such Borrower by the Agent on behalf of such Lender for
 such Competitive Bid Advance pursuant to paragraph (ii) above) to be
 made by each Lender as part of such Competitive Bid Borrowing, and reject any
 remaining offers made by Lenders pursuant to paragraph (ii) above by
 giving the Agent notice to that effect; provided, however, that
 such Borrower shall not accept any offer in excess of the requested bid amount
 for any maturity. Such Borrower shall accept the offers made by any Lender or
 Lenders to make Competitive Bid Advances in order of the lowest to the
 highest rates of interest offered by such Lenders. If two or more Lenders
 have offered the same interest rate, the amount to be borrowed at such
 interest rate will 

 

26

	
  

 	
  

 
	
  

 	
 be allocated among such Lenders in proportion to the amount that each
 such Lender offered at such interest rate.

 

	
  

 	
  

 
	
  

 	
           (iv) If
 the Borrower proposing the Competitive Bid Borrowing notifies the Agent that
 such Competitive Bid Borrowing is canceled pursuant to
 paragraph (iii)(x) above, the Agent shall give prompt notice thereof to
 the Lenders and such Competitive Bid Borrowing shall not be made.

 
	
  

 	
  

 
	
  

 	
           (v) If
 the Borrower proposing the Competitive Bid Borrowing accepts one or more of
 the offers made by any Lender or Lenders pursuant to paragraph (iii)(y)
 above, the Agent shall in turn promptly notify (A) each Lender that has
 made an offer as described in paragraph (ii) above, of the date and
 aggregate amount of such Competitive Bid Borrowing and whether or not any
 offer or offers made by such Lender pursuant to paragraph (ii) above
 have been accepted by such Borrower, (B) each Lender that is to make a
 Competitive Bid Advance as part of such Competitive Bid Borrowing, of the
 amount of each Competitive Bid Advance to be made by such Lender as part of
 such Competitive Bid Borrowing, and (C) each Lender that is to make a
 Competitive Bid Advance as part of such Competitive Bid Borrowing, upon
 receipt, that the Agent has received forms of documents appearing to fulfill
 the applicable conditions set forth in Article III. Each Lender that is to
 make a Competitive Bid Advance as part of such Competitive Bid Borrowing
 shall, before 11:00 A.M. (New York City time), in the case of
 Competitive Bid Advances to be denominated in Dollars or 11:00 A.M. (London
 time), in the case of Competitive Bid Advances to be denominated in any
 Foreign Currency, on the date of such Competitive Bid Borrowing specified in
 the notice received from the Agent pursuant to clause (A) of the
 preceding sentence or any later time when such Lender shall have received
 notice from the Agent pursuant to clause (C) of the preceding sentence,
 make available for the account of its Applicable Lending Office to the Agent
 (x) in the case of a Competitive Bid Borrowing denominated in Dollars, at its
 address referred to in Section 9.02, in same day funds, such Lender’s
 portion of such Competitive Bid Borrowing in Dollars, and (y) in the case of
 a Competitive Bid Borrowing in a Foreign Currency, at the Payment Office for
 such Foreign Currency as shall have been notified by the Agent to the Lenders
 prior thereto, in same day funds, such Lender’s portion of such Competitive
 Bid Borrowing in such Foreign Currency. Upon fulfillment of the applicable
 conditions set forth in Article III and after receipt by the Agent of such
 funds, the Agent will make such funds available to such Borrower’s account at
 the location specified by such Borrower in its Notice of Competitive Bid
 Borrowing. Promptly after each Competitive Bid Borrowing the Agent will
 notify each Lender of the amount and tenor of such Competitive Bid Borrowing.

 
	
  

 	
  

 
	
  

 	
           (vi) If
 the Borrower proposing the Competitive Bid Borrowing notifies the Agent that
 it accepts one or more of the offers made by any Lender or Lenders pursuant
 to paragraph (iii)(y) above, such notice of acceptance shall be
 irrevocable and binding on such Borrower. Such Borrower shall indemnify each
 Lender against any loss, cost or expense incurred by such Lender as a result
 of any failure by such Borrower to fulfill on or before the date specified in
 the related Notice of Competitive Bid Borrowing for such Competitive Bid
 Borrowing the applicable conditions set forth in Article III, including,
 without limitation, any loss (including loss of anticipated profits), cost or
 expense incurred by reason of the liquidation or reemployment of deposits or
 other funds acquired by such 

 

27

	
  

 	
  

 
	
  

 	
 Lender to fund the Competitive Bid Advance to be made by such Lender
 as part of such Competitive Bid Borrowing when such Competitive Bid Advance,
 as a result of such failure, is not made on such date.

 

                    (b)
Each Competitive Bid Borrowing shall be in an aggregate amount not less than
$10,000,000 (or the Equivalent thereof in any Foreign Currency, determined as
of the time of the applicable Notice of Competitive Bid Borrowing) or an
integral multiple of $1,000,000 (or the Equivalent thereof in any Foreign
Currency, determined as of the time of the applicable Notice of Competitive Bid
Borrowing) in excess thereof and, following the making of each Competitive Bid
Borrowing, the Borrower that has borrowed such Competitive Bid Borrowing shall
be in compliance with the limitation set forth in the proviso to the first
sentence of subsection (a) above.

                    (c)
Within the limits and on the conditions set forth in this Section 2.03,
any Borrower may from time to time borrow under this Section 2.03, repay
or prepay pursuant to subsection (d) below, and reborrow under this
Section 2.03, provided that a Competitive Bid Borrowing shall not
be made within three Business Days of the date of any other Competitive Bid
Borrowing.

                    (d)
Any Borrower that has borrowed through a Competitive Bid Borrowing shall repay
to the Agent for the account of each Lender that has made a Competitive Bid
Advance, on the maturity date of such Competitive Bid Advance (such maturity
date being that specified by such Borrower for repayment of such Competitive
Bid Advance in the related Notice of Competitive Bid Borrowing delivered
pursuant to subsection (a)(i) above and provided in the Competitive Bid
Note evidencing such Competitive Bid Advance), the then unpaid principal amount
of such Competitive Bid Advance. Such Borrower shall have no right to prepay
any principal amount of any Competitive Bid Advance unless, and then only on
the terms, specified by such Borrower for such Competitive Bid Advance in the
related Notice of Competitive Bid Borrowing delivered pursuant to
subsection (a)(i) above and set forth in the Competitive Bid Note
evidencing such Competitive Bid Advance.

                    (e)
Each Borrower that has borrowed through a Competitive Bid Borrowing shall pay interest
on the unpaid principal amount of each Competitive Bid Advance comprising such
Competitive Bid Borrowing from the date of such Competitive Bid Advance to the
date the principal amount of such Competitive Bid Advance is repaid in full, at
the rate of interest for such Competitive Bid Advance specified by the Lender
making such Competitive Bid Advance in its notice with respect thereto
delivered pursuant to subsection (a)(ii) above, payable on the interest
payment date or dates specified by such Borrower for such Competitive Bid
Advance in the related Notice of Competitive Bid Borrowing delivered pursuant
to subsection (a)(i) above, as provided in the Competitive Bid Note
evidencing such Competitive Bid Advance. Upon the occurrence and during the
continuance of an Event of Default under Section 6.01(a), such Borrower shall
pay interest on the amount of unpaid principal of and interest on each
Competitive Bid Advance owing to a Lender, payable in arrears on the date or
dates interest is payable thereon, at a rate per annum equal at all times to 1%
per annum above the rate per annum required to be paid on such Competitive Bid
Advance under the terms of the Competitive Bid Note evidencing such Competitive
Bid Advance unless otherwise agreed in such Competitive Bid Note.

28

                    (f)
The indebtedness of any Borrower resulting from each Competitive Bid Advance
made to such Borrower as part of a Competitive Bid Borrowing shall be evidenced
by a separate Competitive Bid Note of such Borrower payable to the order of the
Lender making such Competitive Bid Advance.

                    SECTION
2.04. Issuance of and Drawings and Reimbursement Under Letters of Credit.
(a) Request for Issuance. (i) Each Letter of Credit shall be issued upon
notice, given not later than 11:00 A.M. (New York City time) on the
fifth Business Day prior to the date of the proposed issuance of such Letter of
Credit (or on such shorter notice as the applicable Issuing Bank may agree), by
any Borrower to any Issuing Bank, and such Issuing Bank shall give the Agent,
prompt notice thereof by facsimile. Each such notice of issuance of a Letter of
Credit (a “Notice
of Issuance”) shall be by telephone, confirmed immediately in writing,
or facsimile, specifying therein the requested (A) date of such issuance
(which shall be a Business Day), (B) Available Amount and currency (which
shall be a Major Currency or Dollars) of such Letter of Credit,
(C) expiration date of such Letter of Credit (which shall not be later
than the Termination Date), (D) name and address of the beneficiary of
such Letter of Credit and (E) form of such Letter of Credit, and shall be
accompanied by such customary application and agreement for letter of credit as
such Issuing Bank may specify to the Borrower requesting such issuance for use
in connection with such requested Letter of Credit (a “Letter of Credit
Application”). If (A) the requested form of such Letter of Credit, in the
reasonable judgment of the Issuing Bank, conforms to standard practices of
financial institutions that regularly issue letters of credit, (B) the issuance
of a letter of credit to the beneficiary of such Letter of Credit would not, in
the reasonable judgment of the Issuing Bank, violate or conflict with (y) any
regulatory or legal restriction applicable to the Issuing Bank, or (z) any
internal policy, procedure or guideline of, the Issuing Bank that is consistent
with standard practices of financial institutions that regularly issue letters
of credit and (C) the Issuing Bank has not received written notice form any
Lender, the Agent or any Borrower, at least one Business Day prior to the
requested date of issuance or amendment of the applicable Letter of Credit,
that one or more applicable conditions contained in Section 3.03 shall not be satisfied,
then such Issuing Bank will, upon fulfillment of the applicable conditions set
forth in Article III, make such Letter of Credit available to the Borrower
requesting such issuance at its office referred to in Section 9.02 or as
otherwise agreed with such Borrower in connection with such issuance. In the
event and to the extent that the provisions of any Letter of Credit Application
shall conflict with this Agreement, the provisions of this Agreement shall
govern. An Issuing Bank that issues a Letter of Credit which expires prior to
the Termination Date but provides for automatic extension of the expiry date
will not exercise its right to prevent the automatic extension of the expiry
date unless (i) the applicable conditions set forth in Section 3.03 are not
satisfied as to the date of such Issuing Bank’s required notice of
non-extension, or (ii) such automatic extension would extend the expiry date
beyond the Termination Date.

                    (b)
Participations. By the issuance of a Letter of Credit (or an amendment
to a Letter of Credit increasing the amount thereof) and without any further
action on the part of the applicable Issuing Bank or the Lenders, such Issuing
Bank hereby grants to each Lender, and each Lender hereby acquires from such Issuing
Bank, a participation in such Letter of Credit equal to such Lender’s Ratable
Share of the Available Amount of such Letter of Credit. Each Borrower hereby
agrees to each such participation. In consideration and in furtherance of the
foregoing, each Lender hereby absolutely and unconditionally agrees to pay to
the Agent, for the account of such Issuing Bank, such Lender’s Ratable Share of
each drawing made under a Letter of Credit 

29

funded by such Issuing Bank and not reimbursed by the applicable Borrower
on the date made, or of any reimbursement payment required to be refunded to
any Borrower for any reason. Each Lender acknowledges and agrees that its
obligation to acquire participations pursuant to this paragraph in respect of
Letters of Credit is absolute and unconditional and shall not be affected by
any circumstance whatsoever, including any amendment, renewal or extension of
any Letter of Credit or the occurrence and continuance of a Default or
reduction or termination of the Revolving Credit Commitments, and that each
such payment shall be made without any offset, abatement, withholding or
reduction whatsoever. Each Lender further acknowledges and agrees that its
participation in each Letter of Credit will be automatically adjusted to
reflect such Lender’s Ratable Share of the Available Amount of such Letter of
Credit at each time such Lender’s Revolving Credit Commitment is amended
pursuant to the operation of Sections 2.06(b), (c) or (d), an assignment in
accordance with Section 9.06 or otherwise pursuant to this Agreement.

                    (c)
Drawing and Reimbursement. The payment by an Issuing Bank of a draft
drawn under any Letter of Credit shall constitute for all purposes of this
Agreement the making by any such Issuing Bank of a Revolving Credit Advance,
which, in the case of Letters of Credit denominated in Dollars, shall be a Base
Rate Advance, in the amount of such draft or, in the case of a Letter of Credit
denominated in any Major Currency, shall be an Advance that bears interest at
the Overnight Eurocurrency Rate (as defined below) of such Issuing Bank for a
period of five Business Days and thereafter, shall be a Base Rate Advance in
the Equivalent in Dollars on such fifth Business Day for the amount of such
draft. Each Issuing Bank shall give prompt notice (and such Issuing Bank will
use its commercially reasonable efforts to deliver such notice within one
Business Day) of each drawing under any Letter of Credit issued by it to the
Company, the applicable Borrower (if not the Company) and the Agent. Upon
written demand by such Issuing Bank, with a copy of such demand to the Agent
and the Company, each Lender shall pay to the Agent such Lender’s Ratable Share
of such outstanding Revolving Credit Advance, by making available for the account
of its Applicable Lending Office to the Agent for the account of such Issuing
Bank, by deposit to the Agent’s Account, in same day funds, an amount equal to
the portion of the outstanding principal amount of such Revolving Credit
Advance to be funded by such Lender, provided that the Lenders shall not
be required to fund such Revolving Credit Advances resulting from drawings
under a Letter of Credit denominated in any Major Currency until such Advance
is exchanged for the Equivalent in Dollars and is a Base Rate Advance. Each
Lender acknowledges and agrees that its obligation to make Revolving Credit
Advances pursuant to this paragraph in respect of Letters of Credit is absolute
and unconditional and shall not be affected by any circumstance whatsoever,
including any amendment, renewal or extension of any Letter of Credit or the
occurrence and continuance of a Default or reduction or termination of the
Revolving Credit Commitments, and that each such payment shall be made without
any offset, abatement, withholding or reduction whatsoever. Promptly after
receipt thereof, the Agent shall transfer such funds to such Issuing Bank. Each
Lender agrees to fund its Ratable Share of an outstanding Revolving Credit
Advance on (i) the Business Day on which demand therefor is made by such
Issuing Bank, provided that notice of such demand is given not later
than 11:00 A.M. (New York City time) on such Business Day, or
(ii) the first Business Day next succeeding such demand if notice of such
demand is given after such time. If and to the extent that any Lender shall not
have so made the amount of such Revolving Credit Advance available to the
Agent, such Lender agrees to pay to the Agent forthwith on demand such amount
together with interest thereon, for each day from the date of demand by any
such Issuing Bank until the date such amount is paid to the Agent, at the
Federal Funds Rate for its account or the account of such Issuing Bank, 

30

as applicable. If such Lender shall pay to the Agent such amount for
the account of any such Issuing Bank on any Business Day, such amount so paid
in respect of principal shall constitute a Revolving Credit Advance made by
such Lender on such Business Day for purposes of this Agreement, and the
outstanding principal amount of the Revolving Credit Advance made by such
Issuing Bank shall be reduced by such amount on such Business Day. “Overnight
Eurocurrency Rate” means the rate per annum applicable to an overnight
period beginning on one Business Day and ending on the next Business Day equal
to the sum of the Applicable Margin for Eurocurrency Rate Advances and the rate
per annum quoted by the applicable Issuing Bank to the Agent as the rate at
which it is offering overnight deposits in the relevant currency in amounts
comparable to such Issuing Bank’s Advances resulting from drawings on Letters
of Credit denominated in a Major Currency.

                    (d)
Letter of Credit Reports. Each Issuing Bank shall furnish (A) to
the Agent (with a copy to the Company) on the first Business Day of each month
a written report summarizing issuance and expiration dates of Letters of Credit
during the preceding month and drawings during such month under all Letters of
Credit and (B) to the Agent (with a copy to the Company) on the first Business
Day of each calendar quarter a written report setting forth the average daily
aggregate Available Amount during the preceding calendar quarter of all Letters
of Credit.

                    (e)
Failure to Make Advances. The failure of any Lender to make the
Revolving Credit Advance to be made by it on the date specified in Section
2.04(c) shall not relieve any other Lender of its obligation hereunder to make
its Revolving Credit Advance on such date, but no Lender shall be responsible
for the failure of any other Lender to make the Revolving Credit Advance to be
made by such other Lender on such date.

                    SECTION
2.05. Fees. (a) Commitment Fee. The Company agrees to pay to the
Agent for the account of each Lender a commitment fee on the aggregate amount
of such Lender’s Unused Commitment (Fee Calculation) from the date hereof in
the case of each Initial Lender and from the effective date specified in the
Assumption Agreement or in the Assignment and Acceptance pursuant to which it
became a Lender in the case of each other Lender until the Termination Date at
a rate per annum equal to the Applicable Percentage in effect from time to
time, payable in arrears quarterly on the last day of each March, June,
September and December, commencing June 30, 2011, and on the Termination Date, provided
that no Defaulting Lender shall be entitled to receive any commitment fee for
any period during which that Lender is a Defaulting Lender (and the Company
shall not be required to pay such fee that otherwise would have been required
to have been paid to that Defaulting Lender).

                    (b)
Letter of Credit Fees. (i) Each Borrower shall pay to the Agent for the
account of each Lender a fee on such Lender’s Ratable Share of the sum of (x)
the average daily aggregate Available Amount of all Letters of Credit issued at
the request of such Borrower and outstanding from time to time and (y) any
Advances bearing interest at the Overnight Eurocurrency Rate as provided in
Section 2.04(c) and outstanding from time to time, at a rate per annum equal to
the Applicable Letter of Credit Rate in effect from time to time, during such
calendar quarter, payable in arrears quarterly on the third Business Day after
the last day of each March, June, September and December, commencing with the
quarter ended June 30, 2011, and on and after the Termination Date payable upon
demand; provided that the Applicable Letter of 

31

Credit Rate shall be 1% above the Applicable Letter of Credit Rate in
effect upon the occurrence and during the continuation of an Event of Default
if the Borrowers are required to pay default interest pursuant to Section
2.08(b); and provided, further, that no
Defaulting Lender shall be entitled to receive any fee in respect of Letters of
Credit for any period during which that Lender is a Defaulting Lender (and the Borrowers
shall not be required to pay such fee to that Defaulting Lender but shall pay
such fee in the manner and to the extent set forth in Section 2.20).

	
  

 	
  

 
	
  

 	
           (ii) Each
 Borrower shall pay to each Issuing Bank for its own account such reasonable
 fees as have been agreed between the Company and such Issuing Bank.

 

                    (c)
Agent’s Fees. The Company shall pay to the Agent and Swing Line Agent
for its own account such fees, and at such times, as the Company and such Agent
may separately agree.

                    SECTION
2.06. Termination or Reduction of the Commitments. (a) Optional
Ratable Termination or Reduction. The Company shall have the right, upon at
least three Business Days’ notice to the Agent, to terminate in whole or
permanently reduce ratably in part the Unused Commitments of the Lenders, provided
that each partial reduction shall be in an aggregate amount not less than
$10,000,000 or an integral multiple of $1,000,000 in excess thereof, provided
that following any such termination or reduction, the aggregate Swing Line
Commitments shall not exceed the aggregate Revolving Credit Commitments. The
aggregate amount of the Commitments, once reduced as provided in this Section
2.06(a), may not be reinstated.

                    (b)
Non-Ratable Termination by Assignment. The Company shall have the right,
upon at least ten Business Days’ written notice to the Agent (which shall then
give prompt notice thereof to the relevant Lender), to require any Lender
(including any Defaulting Lender) to assign, pursuant to and in accordance with
the provisions of Section 9.06, all of its rights and obligations under this
Agreement and under the Notes to an Eligible Assignee selected by the Company; provided,
however, that (i) no Event of Default shall have occurred and be
continuing at the time of such request and at the time of such assignment;
(ii) the assignee shall have paid to the assigning Lender the aggregate
principal amount of, and any interest accrued and unpaid to the date of such
assignment on, the Note or Notes of such Lender; (iii) the Company shall have
paid to the assigning Lender any and all accrued commitment fees and Letter of
Credit fees payable to such Lender and all other accrued and unpaid amounts
owing to such Lender under any provision of this Agreement (including, but not
limited to, any increased costs or other additional amounts owing under Section
2.11 and Section 9.04 and any indemnification for Taxes under Section 2.14) as
of the effective date of such assignment; (iv) if the assignee selected by
the Company is not an existing Lender, such assignee or the Company shall have
paid the processing and recordation fee required under Section 9.06(a) for such
assignment and (v) if the assigning Lender is an Issuing Bank, the Company
shall pay to the Agent for deposit in the Cash Deposit Account an amount equal
to the Available Amount of all Letters of Credit issued by such Issuing Bank; provided
further that the Company shall have no right to replace more than three
Non-Defaulting Lenders in any calendar year pursuant to this Section 2.06(b);
and provided further that the assigning Lender’s rights under
Sections 2.11, 2.14 and 9.04, and, in the case of an Issuing Bank, Sections
2.04(b) and 6.02, and its obligations under Section 8.05, shall survive such
assignment as to matters occurring prior to the date of assignment.

32

                    (c)
Non-Ratable Reduction. (i) The Company shall have the right, at any time
other than during any Rating Condition, upon at least ten Business Days’ notice
to a Lender (with a copy to the Agent), to terminate in whole such Lender’s
Commitments. Such termination shall be effective, (x) with respect to such
Lender’s Unused Commitment, on the date set forth in such notice, provided,
however, that such date shall be no earlier than ten Business Days after
receipt of such notice and (y) with respect to each Advance outstanding to such
Lender, in the case of Base Rate Advances, on the date set forth in such notice
and, in the case of Eurocurrency Rate, on the last day of the then current
Interest Period relating to such Advance; provided further, however,
that such termination shall not be effective, if, after giving effect to such
termination, the Company would, under this Section 2.06(c), reduce the Lenders’
Revolving Credit Commitments in any calendar year by an amount in excess of the
Revolving Credit Commitments of any three Lenders or $240,000,000, whichever is
greater on the date of such termination. Notwithstanding the preceding proviso,
the Company may terminate in whole the Commitments of any Lender in accordance
with the terms and conditions set forth in Section 2.06(b). Upon termination of
a Lender’s Commitments under this Section 2.06(c), the Company will pay or
cause to be paid all principal of, and interest accrued to the date of such
payment on, Advances owing to such Lender and pay any accrued commitment fees
or Letter of Credit fees payable to such Lender pursuant to the provisions of
Section 2.05, and all other amounts payable to such Lender hereunder
(including, but not limited to, any increased costs or other amounts owing
under Section 2.11 and any indemnification for Taxes under Section 2.14); and
upon such payments and, if such Lender is an Issuing Bank, shall pay to the
Agent for deposit in the Cash Deposit Account an amount equal to the Available
Amount of all Letters of Credit issued by such Issuing Bank, the obligations of
such Lender hereunder shall, by the provisions hereof, be released and
discharged; provided, however, that such Lender’s rights under
Sections 2.11, 2.14 and 9.04, and, in the case of an Issuing Bank, Sections
2.04(b) and 6.02, and its obligations under Section 8.05 shall survive such
release and discharge as to matters occurring prior to such date. The aggregate
amount of the Commitments of the Lenders once reduced pursuant to this Section
2.06(c) may not be reinstated.

                    (ii)
For purposes of this Section 2.06(c) only, the term “Rating Condition”
shall mean a period commencing with notice (a “Rating Condition Notice”)
by the Agent to the Company and the Lenders to the effect that the Agent has
been informed that the rating of the senior public Debt of the Company is
unsatisfactory under the standard set forth in the next sentence, and ending
with notice by the Agent to the Company and the Lenders to the effect that such
condition no longer exists. The Agent shall give a Rating Condition Notice
promptly upon receipt from the Company or any Lender of notice stating, in
effect, that both of S&P and Moody’s (or any successor by merger or
consolidation to the business of either thereof), respectively, then rate the
senior public Debt of the Company lower than BBB- and Baa3. The Company agrees
to give notice to the Agent forthwith upon any change in a rating by either
such organization of the senior public Debt of the Company; the Agent shall
have no duty whatsoever to verify the accuracy of any such notice from the
Company or any Lender or to monitor independently the ratings of the senior
public Debt of the Company and no Lender shall have any duty to give any such
notice. The Agent shall give notice to the Lenders and the Company as to the
termination of a Rating Condition promptly upon receiving a notice from the
Company to the Agent (which notice the Agent shall promptly notify to the
Lenders) stating that the rating of the senior public Debt of the Company does
not meet the standard set forth in the second sentence of this clause (ii), and
requesting that the Agent notify the Lenders of the termination of the Rating
Condition. The Rating Condition shall terminate upon the giving of such notice
by the Agent.

33

                    (d)
Termination by a Lender. In the event that a Change of Control occurs,
each Lender may, by notice to the Company and the Agent given not later than 50
calendar days after such Change of Control, terminate its Revolving Credit
Commitment, its Unissued Letter of Credit Commitment and its or its affiliate’s
Swing Line Commitment, if any, which Commitments shall be terminated effective
as of the later of (i) the date that is 60 calendar days after such Change of
Control or (ii) the end of the Interest Period for any Eurocurrency Rate
Advance outstanding at the time of such Change of Control or for any
Eurocurrency Rate Advance made pursuant to the next sentence of this Section
2.06(d). Upon the occurrence of a Change of Control, each Borrower’s right to
make a Borrowing or request the issuance of a Letter of Credit under this
Agreement shall be suspended for a period of 60 calendar days, except for Base
Rate Advances and Eurocurrency Rate Advances having an Interest Period ending
not later than 90 calendar days after such Change of Control. A notice of
termination pursuant to this Section 2.06(d) shall not have the effect of
accelerating any outstanding Advance of such Lender and the Notes of such
Lender.

                    (e)
Funds deposited to the Cash Deposit Account pursuant to Section 2.06(b)(v)
above (in the case of an assigning Lender thereunder that is an Issuing Bank)
or Section 2.06(c)(i) above (in the case of a Lender whose Commitments are
terminated thereunder that is an Issuing Bank) shall be applied to reimburse
any drawings made under any Letter of Credit issued by such applicable Issuing
Bank to the extent permitted by applicable law, and if so applied then such
reimbursement shall be deemed satisfaction of the obligations of the Lenders
and of the applicable Borrower to reimburse such drawing. After all of the
Letters of Credit issued by such Issuing Banks shall have expired or been fully
drawn upon and all other obligations of the Borrowers hereunder to such Issuing
Banks have been paid in full, the balance, if any, in the Cash Deposit Account
shall be promptly returned to the Company.

                    SECTION
2.07. Repayment of Advances. (a) Revolving Credit Advances. Each
Borrower shall repay to the Agent for the ratable account of the Lenders on the
Termination Date the aggregate principal amount of the Revolving Credit
Advances then outstanding.

                    (b)
Competitive Bid Advances. Each Borrower shall repay to the Agent, for
the account of each Lender that has made a Competitive Bid Advance, the
aggregate outstanding principal amount of each Competitive Bid Advance made to
such Borrower and owing to such Lender on the earlier of (i) the maturity date
therefor, specified in the related Notice of Competitive Bid Borrowing
delivered pursuant to Section 2.03(a)(i) and (ii) the Termination Date.

                    (c)
Letter of Credit Reimbursements. The obligation of any Borrower under
this Agreement, any Letter of Credit Application and any other agreement or
instrument, in each case, to repay any Revolving Credit Advance that results
from payment of a drawing under a Letter of Credit shall be unconditional and
irrevocable, and shall be paid strictly in accordance with the terms of this
Agreement, such Letter of Credit Application and such other agreement or
instrument under all circumstances, including, without limitation, the
following circumstances (it being understood that any such payment by a
Borrower is without prejudice to, and does not constitute a waiver of, any
rights such Borrower might have or might acquire as a result of the payment by
any Lender of any draft or the reimbursement by the Borrower thereof as set
forth in Section 9.16 or otherwise):

34

	
  

 	
  

 
	
  

 	
           (i) any
 lack of validity or enforceability of this Agreement, any Note, any Letter of
 Credit Application, any Letter of Credit or any other agreement or instrument
 relating thereto (all of the foregoing being, collectively, the “L/C
 Related Documents”);

 
	
  

 	
  

 
	
  

 	
           (ii) any
 change in the time, manner or place of payment of any Letter of Credit;

 
	
  

 	
  

 
	
  

 	
           (iii) the
 existence of any claim, set-off, defense or other right that any Borrower may
 have at any time against any beneficiary or any transferee of a Letter of
 Credit (or any Persons for which any such beneficiary or any such transferee
 may be acting), any Issuing Bank, the Agent, any Lender or any other Person,
 whether in connection with the transactions contemplated by the L/C Related
 Documents or any unrelated transaction;

 
	
  

 	
  

 
	
  

 	
           (iv) any
 statement or any other document presented under a Letter of Credit proving to
 be forged, fraudulent or invalid in any respect or any statement therein
 being untrue or inaccurate in any respect;

 
	
  

 	
  

 
	
  

 	
           (v)
 payment by any Issuing Bank under a Letter of Credit against presentation of
 a draft or certificate that does not substantially comply with the terms of
 such Letter of Credit;

 
	
  

 	
  

 
	
  

 	
           (vi) any
 exchange, release or non-perfection of any collateral, or any release or
 amendment or waiver of or consent to departure from any guarantee, for all or
 any of the obligations of any Borrower in respect of the L/C Related
 Documents; or

 
	
  

 	
  

 
	
  

 	
           (vii) any
 other circumstance or happening whatsoever, whether or not similar to any of
 the foregoing that might, but for the provisions of this Section, constitute
 a legal or equitable discharge of such Borrower’s obligations hereunder.

 

                    (d)
Swing Line Advances. (i) Each Borrower shall repay to the Swing Line
Agent for the ratable account of the Swing Line Banks on the last day of the
applicable Interest Period, the unpaid principal amount of any Swing Line
Advance then outstanding.

	
  

 	
  

 
	
  

 	
           (ii)
 In the event that a Borrower does not repay a Swing Line Advance made to it
 in full on the last day of its Interest Period, on the Business Day immediately
 following such day, that Borrower shall be deemed to have served a Notice of
 Revolving Credit Borrowing for a Revolving Credit Borrowing to be made on the
 third Business Day thereafter in the amount (including accrued interest) and
 currency of such Swing Line Advance and with an Interest Period of one month
 and such Revolving Credit Advance shall be made on the third Business Day in
 accordance with Section 2.02(a) (without regard to the minimum amount
 thereof) and the proceeds thereof applied in repayment of such Swing Line
 Advance. Notwithstanding anything contained herein to the contrary, for the
 time period from the day immediately following the end of the Interest Period
 for any such Swing Line Advance that is not repaid on the last day of its
 Interest Period until and including the third Business Day thereafter,
 Section 2.08(b) shall apply to the unpaid principal amount of any such Swing
 Line Advance.

 
	
  

 	
  

 
	
  

 	
           (iii)
 Section 3.03 shall not apply to any Revolving Credit Advance to which this
 Section 2.07(d) refers.

 

35

	
  

 	
  

 
	
  

 	
           (iv) In
 the circumstances set out in paragraph (ii) above, to the extent that it is
 not possible to make a Revolving Credit Advance due to the insolvency of a
 Borrower, the Lenders will indemnify (pro-rata according to their Revolving
 Credit Commitments) the Swing Line Banks for any loss that they incur as a
 result of the relevant Swing Line Borrowing.

 

                    SECTION
2.08. Interest on Revolving Credit Advances and Swing Line Advances.
(a) Scheduled Interest. (i) Each Borrower shall pay interest on the
unpaid principal amount of each Revolving Credit Advance owing by such Borrower
to each Lender from the date of such Revolving Credit Advance, until such
principal amount shall be paid in full, at the following rates per annum:

	
  

 	
  

 
	
  

 	
           (A) Base
 Rate Advances. During such periods as such Revolving Credit Advance is a
 Base Rate Advance, a rate per annum equal at all times to the sum of
 (x) the Base Rate in effect from time to time plus (y) the
 Applicable Margin in effect from time to time, payable in arrears quarterly
 on the last day of each March, June, September and December during such
 periods and on the date such Base Rate Advance shall be Converted or paid in
 full.

 
	
  

 	
  

 
	
  

 	
           (B) Eurocurrency
 Rate Advances. During such periods as such Revolving Credit Advance is a
 Eurocurrency Rate Advance, a rate per annum equal at all times during each
 Interest Period for such Revolving Credit Advance to the sum of (x) the
 Eurocurrency Rate for such Interest Period for such Revolving Credit Advance plus
 (y) the Applicable Margin in effect from time to time, payable in
 arrears on the last day of such Interest Period and, if such Interest Period
 has a duration of more than three months, on each day that occurs during such
 Interest Period every three months from the first day of such Interest Period
 and on the date such Eurocurrency Rate Advance shall be Converted or paid in
 full.

 

                    (ii)
Each Borrower shall pay interest on the unpaid principal amount of each Swing
Line Advance owing by such Borrower to each Swing Line Bank from the date of
such Swing Line Advance until such principal amount shall be paid in full, at
the following rates per annum:

	
  

 	
  

 
	
  

 	
           (A) Euro
 Swing Line Advances. For each Euro Swing Line Advance, a rate per annum
 equal at all times during the Interest Period for such Euro Swing Line
 Advance to the sum of (x) the rate per annum determined by the Swing Line
 Agent to be the arithmetic mean (rounded upwards to the nearest whole
 multiple of 1/16 of 1% per annum, if such arithmetic mean is not such a
 multiple) of the rates at which deposits in Euro are offered by the principal
 office of each of the Reference Banks to prime banks in the European
 interbank market at 11:00 A.M. (Brussels time) on the date of such Euro Swing
 Line Advance for an amount substantially equal to the amount that would be
 the Reference Banks’ respective ratable shares of such Borrowing outstanding
 during such Interest Period and for a period equal to such Interest Period; provided that if only
 one Reference Bank is able to provide the rates as described above, each
 Swing Line Bank shall supply the Swing Line Agent with its rate for same day
 funding in Euro to prime banks in the European interbank market at 11:00 A.M.
 (Brussels time) on the date of such Euro Swing Line Advance for an amount
 substantially equal to the amount equal to such Swing Line Bank’s ratable
 share of such Borrowing outstanding during such Interest Period and for a

 

36

	
  

 	
  

 
	
  

 	
 period equal to such Interest Period and such rate shall be payable to such
 Swing Line Bank plus (y) the Applicable Margin plus (z)
 Mandatory Cost, if any, payable in arrears on the last day of such Interest
 Period.

 
	
  

 	
  

 
	
  

 	
           (B) Dollar
 Swing Line Advances. For each Dollar Swing Line Advance, a rate per annum
 equal at all times during the Interest Period for such Dollar Swing Line
 Advance to the sum of (x) the rate per annum determined by the Swing Line
 Agent to be the arithmetic mean (rounded upwards to the nearest whole
 multiple of 1/16 of 1% per annum, if such arithmetic mean is not such a
 multiple) of the rates at which deposits in Dollars are offered by the
 principal office of each of the Reference Banks to prime banks in the London
 interbank market at 11:00 A.M. (London time) on the date of such Dollar Swing
 Line Advance for an amount substantially equal to the amount that would be
 the Reference Banks’ respective ratable shares of such Borrowing outstanding
 during such Interest Period and for a period equal to such Interest Period; provided
 that if only one Reference Bank is able to provide the rates as described
 above, each Swing Line Bank shall supply the Swing Line Agent with its rate
 for same day funding in Dollars to prime banks in the London interbank market
 at 11:00 A.M. (London time) on the date of such Dollar Swing Line Advance for
 an amount substantially equal to the amount equal to such Swing Line Bank’s
 ratable share of such Borrowing outstanding during such Interest Period and
 for a period equal to such Interest Period and such rate shall be payable to
 such Swing Line Bank plus (y) the Applicable Margin plus (z)
 Mandatory Cost, if any, payable in arrears on the last day of such Interest
 Period.

 

                    (b)
Default Interest. Upon the occurrence and during the continuance of an
Event of Default under Section 6.01(a), each Borrower shall pay interest on
(i) the unpaid principal amount of each Revolving Credit Advance owing by
such Borrower to each Lender, payable in arrears on the dates referred to in
clause (a) above, at a rate per annum equal at all times to 1% per annum
above the rate per annum required to be paid on such Revolving Credit Advance
pursuant to clause (a) above and (ii) to the fullest extent permitted
by law, the amount of any interest, fee or other amount payable hereunder by
such Borrower that is not paid when due, from the date such amount shall be due
until such amount shall be paid in full, payable in arrears on the date such
amount shall be paid in full and on demand, at a rate per annum equal at all
times to 1% per annum above the rate per annum required to be paid on such
Revolving Credit Advance pursuant to clause (a) above.

                    SECTION
2.09. Interest Rate Determination. (a) Each Reference Bank agrees to
furnish to the Agent timely information for the purpose of determining each
Eurocurrency Rate and each LIBO Rate if the Reuters Page is unavailable. If any
one or more of the Reference Banks shall not furnish such timely information to
the Agent for the purpose of determining any such interest rate, the Agent
shall determine such interest rate on the basis of timely information furnished
by the remaining Reference Banks. The Agent shall give prompt notice to the
Company and the Lenders of the applicable interest rate determined by the Agent
for purposes of Section 2.08(a)(i) or (ii), and the rate, if any,
furnished by each Reference Bank for the purpose of determining the interest
rate under Section 2.08(a)(ii).

                    (b)
If, with respect to any Eurocurrency Rate Advances, the Majority Lenders notify
the Agent that (i) they are unable to obtain matching deposits in the
London interbank 

37

market at or about 11:00 A.M. (London time) on the second Business Day
before the making of a Borrowing in sufficient amounts to fund their respective
Revolving Credit Advances as part of such Borrowing during its Interest Period
or (ii) the Eurocurrency Rate for any Interest Period for such Advances
will not adequately reflect the cost to such Majority Lenders of making,
funding or maintaining their respective Eurocurrency Rate Advances for such
Interest Period, the Agent shall forthwith so notify each Borrower and the
Lenders, whereupon (A) such Borrower will, on the last day of the then
existing Interest Period therefor, (1) if such Eurocurrency Rate Advances
are denominated in Dollars, either (x) prepay such Advances or
(y) Convert such Advances into Base Rate Advances and (2) if such
Eurocurrency Rate Advances are denominated in any Major Currency, either
(x) prepay such Advances or (y) exchange such Advances into an
Equivalent amount of Dollars and Convert such Advances into Base Rate Advances,
and (B) the obligation of the Lenders to make Eurocurrency Rate Advances
in the same currency as such Eurocurrency Rate Advances shall be suspended
until the Agent shall notify each Borrower and the Lenders that the
circumstances causing such suspension no longer exist.

                    (c)
If any Borrower, in requesting a Revolving Credit Borrowing comprised of
Eurocurrency Rate Advances, shall fail to select the duration of the Interest
Period for such Eurocurrency Rate Advances in accordance with the provisions
contained in the definition of “Interest Period” in Section 1.01, the
Agent will forthwith so notify such Borrower and the Lenders and such Advances
will (to the extent such Eurocurrency Rate Advances remain outstanding on such
day) automatically, on the last day of the then existing Interest Period
therefor, (i) if such Eurocurrency Rate Advances are denominated in
Dollars, Convert into Base Rate Advances and (ii) if such Eurocurrency
Rate Advances are denominated in any Major Currency, be exchanged into an
Equivalent amount of Dollars and be Converted into Base Rate Advances.

                    (d)
Upon the occurrence and during the continuance of any Event of Default under
Section 6.01(a), (i) each Eurocurrency Rate Advance will (to the
extent such Eurocurrency Rate Advance remains outstanding on such day)
automatically, on the last day of the then existing Interest Period therefor,
(A) if such Eurocurrency Rate Advance is denominated in Dollars, be
Converted into a Base Rate Advance and (B) if such Eurocurrency Rate
Advance is denominated in any Major Currency, be exchanged into an Equivalent
amount of Dollars and Converted into a Base Rate Advance and (ii) the
obligation of the Lenders to make Eurocurrency Rate Advances shall be
suspended.

                    (e)
If the Reuters Page is unavailable and fewer than two Reference Banks furnish
timely information to the Agent for determining the Eurocurrency Rate or LIBO
Rate for any Eurocurrency Rate Advances or LIBO Rate Advances, as the case may
be,

	
  

 	
  

 
	
  

 	
           (i) the
 Agent shall forthwith notify the relevant Borrower and the Lenders that the
 interest rate cannot be determined for such Eurocurrency Rate Advances or
 LIBO Rate Advances, as the case may be,

 
	
  

 	
  

 
	
  

 	
           (ii) with
 respect to Eurocurrency Rate Advances, each such Advance will (to the extent
 such Eurocurrency Rate Advance remains outstanding on such day)
 automatically, on the last day of the then existing Interest Period therefor,
 (A) if such Eurocurrency Rate Advance is denominated in Dollars, be
 prepaid by the applicable Borrower or be automatically Converted into a Base
 Rate Advance and (B) if such 

 

38

	
  

 	
  

 
	
  

 	
 Eurocurrency Rate Advance is denominated in any Major Currency, be
 prepaid by the applicable Borrower or be automatically exchanged into an
 Equivalent amount of Dollars and Converted into a Base Rate Advance (or if
 such Advance is then a Base Rate Advance, will continue as a Base Rate
 Advance), and

 
	
  

 	
  

 
	
  

 	
           (iii) the
 obligation of the Lenders to make Eurocurrency Rate Advances or LIBO Rate
 Advances shall be suspended until the Agent shall notify the Borrowers and
 the Lenders that the circumstances causing such suspension no longer exist.

 

                    SECTION
2.10. Prepayments of Revolving Credit Advances and Swing Line Advances.
(a) Optional Prepayments. (i) Revolving Credit Advances. Each
Borrower may, upon notice to the Agent stating the proposed date and aggregate
principal amount of the prepayment, given not later than 11:00 A.M. (New York
City time) on the second Business Day prior to the date of such proposed
prepayment, in the case of Eurocurrency Rate Advances, and not later than 11:00
A.M. (New York City time) on the day of such proposed prepayment, in the case
of Base Rate Advances, and, if such notice is given, such Borrower shall,
prepay the outstanding principal amount of the Revolving Credit Advances comprising
part of the same Revolving Credit Borrowing in whole or ratably in part,
together with accrued interest to the date of such prepayment on the principal
amount prepaid; provided, however, that (x) each partial
prepayment shall be in an aggregate principal amount not less than $10,000,000
or the Equivalent thereof in a Major Currency (determined on the date notice of
prepayment is given) or an integral multiple of $1,000,000 or the Equivalent
thereof in a Major Currency (determined on the date notice of prepayment is
given) in excess thereof and (y) in the event of any such prepayment of a
Eurocurrency Rate Advance other than on the last day of the Interest Period
therefor, such Borrower shall be obligated to reimburse the Lenders in respect
thereof pursuant to Section 9.04(c). Each notice of prepayment by a
Designated Subsidiary shall be given to the Agent through the Company.

                    (ii)
Swing Line Advances. Each Borrower may, upon notice to the Swing Line
Agent by 9:00 A.M. (London time) on the date of the prepayment stating the
aggregate principal amount of the prepayment, and, if such notice is given such
Borrower shall, prepay the outstanding principal amount of the Swing Line
Advances comprising part of the same Swing Line Borrowing in whole or ratably
in part; provided, however, that (x) each partial prepayment
shall be in an aggregate principal amount of no less than €1,000,000 or
$1,000,000, as the case may be and (y) in the event of any such prepayment of a
Swing Line Advance other than on the maturity date therefor, such Borrower
shall be obligated to reimburse the Lenders in respect thereof pursuant to
Section 9.04(c).

                    (b)
Mandatory Prepayments. (i) If, on any date, the sum of (A) the aggregate
principal amount of all Advances denominated in Dollars then outstanding plus
(B) the Equivalent in Dollars (determined on the third Business Day prior to
such date) of the aggregate principal amount of all Advances denominated in
Foreign Currencies then outstanding plus (C) the aggregate Available Amount of
all Letters of Credit denominated in Dollars then outstanding plus (D) the
Equivalent in Dollars (determined on the third Business Day prior to such date)
of the aggregate Available Amount of all Letters of Credit denominated in Major
Currencies then outstanding exceeds 103% of the aggregate Commitments of the
Lenders on such date, the Company and each other Borrower, if any, shall
thereupon promptly prepay the outstanding 

39

principal amount of any Advances owing by such Borrower in an aggregate
amount (or deposit an amount in the Cash Deposit Account) sufficient to reduce
such sum (calculated on the basis of the Available Amount of Letters of Credit
being reduced by the amount in the Cash Deposit Account) to an amount not to
exceed 100% of the aggregate Commitments of the Lenders on such date, together
with any interest accrued to the date of such prepayment on the principal
amounts prepaid and, in the case of any prepayment of a Eurocurrency Rate
Advance, a LIBO Rate Advance or a Local Rate Advance on a date other than the
last day of an Interest Period or at its maturity, any additional amounts which
such Borrower shall be obligated to reimburse to the Lenders in respect thereof
pursuant to Section 9.04(c). The Agent shall give prompt notice of any
prepayment required under this Section 2.10(b)(i) to the Borrowers and the
Lenders.

                    (ii)
If, on any date, the sum of (A) the Equivalent in Dollars of the aggregate
principal amount of all Eurocurrency Rate Advances denominated in Major
Currencies then outstanding plus (B) the Equivalent in Dollars of the aggregate
principal amount of all Competitive Bid Advances denominated in Foreign
Currencies then outstanding plus (C) the Equivalent in Dollars of the aggregate
Available Amount of all Letters of Credit denominated in Major Currencies then
outstanding (in each case, determined on the third Business Day prior to such
date), shall exceed 110% of $500,000,000, the Company and each other Borrower
shall prepay the outstanding principal amount of any such Eurocurrency Rate
Advances or any such LIBO Rate Advances owing by such Borrower, on the last day
of the Interest Periods relating to such Advances, in an aggregate amount (or
deposit an amount in the Cash Deposit Account) sufficient to reduce such sum (calculated
on the basis of the Available Amount of Letters of Credit being reduced by the
amount in the Cash Deposit Account) to an amount not to exceed $500,000,000,
together with any interest accrued to the date of such prepayment on the
principal amounts prepaid. The Agent shall give prompt notice of any prepayment
required under this Section 2.10(b)(ii) to the Borrowers and the Lenders.
Prepayments under this Section 2.10(b)(ii) shall be allocated first to Swing
Line Advances, ratably among the Swing Line Banks; and any excess amount shall
then be allocated to Revolving Credit Advances comprising part of the same
Revolving Credit Borrowing selected by the applicable Borrower, ratably among
the Lenders.

                    SECTION
2.11. Increased Costs. (a) If, due to either (i) the introduction
of or any change in or in the interpretation of any law or regulation or
(ii) the compliance with any guideline or request from any central bank or
other governmental authority including, without limitation, any agency of the
European Union or similar monetary or multinational authority (whether or not
having the force of law), there shall be any increase in the cost to any Lender
of agreeing to make or making, funding or maintaining Eurocurrency Rate
Advances or LIBO Rate Advances or agreeing to issue or of issuing or
maintaining or participating in Letters of Credit (excluding for purposes of
this Section 2.11 any such increased costs resulting from (i) Taxes or Other
Taxes (as to which Section 2.14 shall govern) and (ii) changes in the basis of
taxation of overall net income or overall gross income by the United States or
by the foreign jurisdiction or state under the laws of which such Lender is
organized or has its Applicable Lending Office or any political subdivision
thereof), then the Borrower of such Advances shall from time to time, upon
demand by such Lender (with a copy of such demand to the Agent), pay to the
Agent for the account of such Lender additional amounts sufficient to
compensate such Lender for such increased cost. A certificate as to the amount
of such increased cost, submitted to such Borrower and the Agent by such
Lender, shall be conclusive and binding for all purposes, absent manifest
error.

40

                    (b)
If any Lender determines that compliance with any law or regulation or any
guideline or request from any central bank or other governmental authority
including, without limitation, any agency of the European Union or similar
monetary or multinational authority (whether or not having the force of law)
affects or would affect the amount of capital required or expected to be
maintained by such Lender or any corporation controlling such Lender and that
the amount of such capital is increased by or based upon the existence of such
Lender’s commitment to lend or to issue or participate in Letters of Credit
hereunder and other commitments of this type or the issuance of or
participation in the Letters of Credit (or similar contingent obligations)
hereunder, then, upon demand by such Lender (with a copy of such demand to the
Agent), the Company shall pay to the Agent for the account of such Lender, from
time to time as specified by such Lender, additional amounts sufficient to
compensate such Lender or such corporation in the light of such circumstances,
to the extent that such Lender reasonably determines such increase in capital
to be allocable to the existence of such Lender’s commitment to lend hereunder.
A certificate as to such amounts submitted to the Company and the Agent by such
Lender shall be conclusive and binding for all purposes, absent manifest error.
For the avoidance of doubt, this Section 2.11(b) shall apply to all requests,
rules, guidelines or directives concerning capital adequacy issued in
connection with the Dodd-Frank Wall Street Reform and Consumer Protection Act
and all requests, rules, guidelines or directives concerning capital adequacy
promulgated by the Bank for International Settlements, the Basel Committee on
Banking Supervision (or any successor or similar authority) or the United
States financial regulatory authorities, in each case pursuant to Basel III,
regardless of the date adopted, issued, promulgated or implemented. 

                    (c)
Any Lender claiming any additional amounts payable pursuant to this Section
2.11 shall, upon the written request of the Company delivered to such Lender
and the Agent, assign, pursuant to and in accordance with the provisions of
Section 9.06, all of its rights and obligations under this Agreement and under
the Notes to an Eligible Assignee selected by the Company; provided, however,
that (i) no Default shall have occurred and be continuing at the time of such
request and at the time of such assignment; (ii) the assignee shall have paid
to the assigning Lender the aggregate principal amount of, and any interest
accrued and unpaid to the date of such assignment on, the Note or Notes of such
Lender; (iii) the Company shall have paid to the assigning Lender any and all
commitment fees and other fees payable to such Lender and all other accrued and
unpaid amounts owing to such Lender under any provision of this Agreement
(including, but not limited to, any increased costs or other additional amounts
owing under this Section 2.11 and Section 9.04(c), and any indemnification for
Taxes under Section 2.14) as of the effective date of such assignment and (iv)
if the assignee selected by the Company is not an existing Lender, such
assignee or the Company shall have paid the processing and recordation fee
required under Section 9.06(a) for such assignment; provided further that the
assigning Lender’s rights under Sections 2.11, 2.14 and 9.04, and its
obligations under Section 8.05, shall survive such assignment as to matters
occurring prior to the date of assignment.  

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

41

retroactive, then the 90 day period referred to above shall be extended
to include the period of retroactive effect thereof. 

                    SECTION
2.12. Illegality. Notwithstanding any other provision of this Agreement,
if any Lender shall notify the Agent that the introduction of or any change in
or in the interpretation of any law or regulation makes it unlawful, or any
central bank or other governmental authority asserts that it is unlawful, for
any Lender or its Eurocurrency Lending Office to perform its obligations
hereunder to make Eurocurrency Rate Advances in Dollars or any Major Currency,
LIBO Rate Advances in Dollars or in any Foreign Currency or Swing Line Advances
in Euros or to fund or maintain Eurocurrency Rate Advances in Dollars or in any
Major Currency, LIBO Rate Advances in Dollars or in any Foreign Currency or
Swing Line Advances in Euros hereunder, (a) each such Eurocurrency Rate
Advance, such LIBO Rate Advance or Swing Line Advance, as the case may be, will
automatically, upon such demand, (i) if such Eurocurrency Rate Advance or LIBO
Rate Advance is denominated in Dollars, be Converted into a Base Rate Advance
or an Advance that bears interest at the rate set forth in Section 2.08(a)(i),
as the case may be, and (ii) if such Eurocurrency Rate Advance, LIBO Rate
Advance or Swing Line Advance is denominated in any Foreign Currency, be
exchanged into an Equivalent amount of Dollars and Converted into a Base Rate
Advance or an Advance that bears interest at the rate set forth in Section
2.08(a)(i), as the case may be, and (b) the obligation of the Lenders to make
such Eurocurrency Rate Advances, such LIBO Rate Advances or such Swing Line
Advances shall be suspended until the Agent shall notify the Company and the
Lenders that the circumstances causing such suspension no longer exist. 

                    SECTION
2.13. Payments and Computations. (a) Each Borrower shall make each
payment hereunder and under any Notes, except with respect to principal of,
interest on, and other amounts relating to, Advances denominated in a Foreign
Currency, not later than 11:00 A.M. (New York City time) on the day when due in
Dollars to the Agent at the applicable Agent’s Account in same day funds
without set-off, counterclaim or deduction of any kind. Each Borrower shall
make each payment hereunder and under any Notes with respect to principal of,
interest on, and other amounts relating to Advances denominated in a Foreign
Currency not later than 12:00 Noon (at the Payment Office for such Foreign
Currency) on the day when due in such Foreign Currency to the Agent in same day
funds by deposit of such funds to the applicable Agent’s Account without
set-off, counterclaim or deduction of any kind. The Agent will promptly
thereafter cause to be distributed like funds relating to the payment of
principal, interest, commitment fees or Letter of Credit fees ratably (other
than amounts payable pursuant to Section 2.03, 2.04(c), 2.05(b)(ii), 2.06(b),
2.06(c), 2.11, 2.14 or 9.04(c)) to the Lenders for the account of their
respective Applicable Lending Offices, and like funds relating to the payment
of any other amount payable to any Lender to such Lender for the account of its
Applicable Lending Office, in each case to be applied in accordance with the
terms of this Agreement. Upon any Assuming Lender becoming a Lender hereunder
as a result of a Commitment Increase pursuant to Section 2.18 or an extension
of the Termination Date pursuant to Section 2.19, and upon the Agent’s receipt
of such Lender’s Assumption Agreement and recording of the information
contained therein in the Register, from and after the applicable Increase Date
or Extension Date, as the case may be, the Agent shall make all payments
hereunder and under any Notes issued in connection therewith in respect of the
interest assumed thereby to the Assuming Lender. Upon its acceptance of an
Assignment and Acceptance and recording of the information contained therein in
the Register pursuant to Section 9.06(c), from and after the effective date
specified in such 

42

Assignment and Acceptance, the Agent shall make all payments hereunder
and under any Notes in respect of the interest assigned thereby to the Lender
assignee thereunder, and the parties to such Assignment and Acceptance shall
make all appropriate adjustments in such payments for periods prior to such
effective date directly between themselves. 

                    (b)
All computations of interest based on the Base Rate and of commitment fees
shall be made by the Agent on the basis of a year of 365 or 366 days, as the
case may be, all computations of interest on Swing Line Advances or based on
the Eurocurrency Rate (including the Overnight Eurocurrency Rate) or the
Federal Funds Rate and of Letter of Credit fees shall be made by the Agent on
the basis of a year of 360 days and all computations in respect of Competitive
Bid Advances shall be made by the Agent or the Sub-Agent, as the case may be,
as specified in the applicable Notice of Competitive Bid Borrowing (or, in each
case of Advances denominated in Foreign Currencies where market practice
differs, in accordance with market practice), in each case for the actual
number of days (including the first day but excluding the last day) occurring
in the period for which such interest, commitment fees or Letter of Credit fees
are payable. Each determination by the Agent of an interest rate hereunder
shall be conclusive and binding for all purposes, absent manifest error. 

                    (c)
Whenever any payment hereunder or under the Notes shall be stated to be due on
a day other than a Business Day, such payment shall be made on the next
succeeding Business Day, and such extension of time shall in such case be
included in the computation of payment of interest, commitment fee or Letter of
Credit fee, as the case may be; provided, however, that, if such
extension would cause payment of interest on or principal of Eurocurrency Rate
Advances or LIBO Rate Advances to be made in the next following calendar month,
such payment shall be made on the next preceding Business Day. 

                    (d)
Unless the Agent shall have received notice from any Borrower prior to the date
on which any payment is due to the Lenders hereunder that such Borrower will
not make such payment in full, the Agent may assume that such Borrower has made
such payment in full to the Agent on such date and the Agent may, in reliance
upon such assumption, cause to be distributed to each Lender on such due date
an amount equal to the amount then due such Lender. If and to the extent such
Borrower shall not have so made such payment in full to the Agent, each Lender
shall repay to the Agent forthwith on demand such amount distributed to such
Lender together with interest thereon, for each day from the date such amount
is distributed to such Lender until the date such Lender repays such amount to
the Agent, at (i) the Federal Funds Rate in the case of Advances denominated in
Dollars or (ii) the cost of funds incurred by the Agent in respect of such
amount in the case of Advances denominated in Foreign Currencies. 

                    SECTION
2.14. Taxes. (a) Any and all payments by or on behalf of any Borrower
(including the Company in its capacity as a guarantor under Article VII hereof)
hereunder or under the Notes shall be made, in accordance with Section 2.13,
free and clear of and without deduction for any and all present or future
taxes, levies, imposts, deductions, charges or withholdings, and all
liabilities with respect thereto, excluding, (i) in the case of each
Lender and the Agent, (A) net income taxes imposed by the United States or any
State thereof and taxes imposed on its overall net income, and franchise taxes
imposed on it in lieu of net income taxes, by the jurisdiction under the laws
of which such Lender or the Agent (as the case may be) is organized or any
political subdivision thereof and (B) any United States withholding taxes
resulting from FATCA and, (ii) in 

43

the case of each Lender, taxes imposed on its overall net income, and
franchise taxes imposed on it in lieu of net income taxes, by the jurisdiction
of such Lender’s Applicable Lending Office or any political subdivision thereof
(all such non-excluded taxes, levies, imposts, deductions, charges,
withholdings and liabilities in respect of payments hereunder or under the
Notes being hereinafter referred to as “Taxes”). If any Borrower
(including the Company in its capacity as a guarantor under Article VII hereof)
shall be required by law to deduct any Taxes from or in respect of any sum
payable hereunder or under any Note to any Lender or the Agent, (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 2.14) such Lender or the Agent (as the case may be) receives
an amount equal to the sum it would have received had no such deductions been
made, (ii) such Borrower shall make such deductions and (iii) such Borrower
shall pay the full amount deducted to the relevant taxation authority or other
authority in accordance with applicable law. 

                    (b)
In addition, each Borrower agrees to pay any present or future stamp or
documentary taxes or any other excise or property taxes, charges or similar
levies that arise from any payment made hereunder or under the Notes or from
the execution, delivery or registration of, performing under, or otherwise with
respect to, this Agreement or the Notes (hereinafter referred to as “Other
Taxes”). 

                    (c)
Each Borrower shall indemnify each Lender and the Agent for the full amount of
Taxes or Other Taxes (including, without limitation, any taxes imposed by any
jurisdiction on amounts payable under this Section 2.14) imposed on or paid by
such Lender or the Agent (as the case may be) and any liability (including
penalties, interest and expenses) arising therefrom or with respect thereto; provided,
however, that a Borrower shall not be obligated to pay any amounts in
respect of penalties, interest or expenses pursuant to this paragraph that are
payable solely as a result of (i) the failure on the part of the pertinent
Lender or the Agent to pay over those amounts received from the Borrowers under
this clause (c) or (ii) the gross negligence or willful misconduct on the part
of the pertinent Lender or the Agent. This indemnification shall be made within
30 days from the date such Lender or the Agent (as the case may be) makes
written demand therefor. Each Lender agrees to provide reasonably prompt notice
to the Agent, the Company and any Borrower of any imposition of Taxes or Other
Taxes against such Lender; provided that failure to give such notice
shall not affect such Lender’s rights to indemnification hereunder. Each Lender
agrees that it will, promptly upon a request by the Company or a Borrower
having made an indemnification payment hereunder, furnish to the Company or
such Borrower, as the case may be, such evidence as is reasonably available to
such Lender as to the payment of the relevant Taxes or Other Taxes, and that it
will, if requested by the Company or such Borrower, cooperate with the Company
or such Borrower, as the case may be, in its efforts to obtain a refund or
similar relief in respect of such payment. 

                    (d)
Within 30 days after the date of any payment of Taxes by a Borrower under
subsection (a) above, each Borrower shall furnish to the Agent, at its address
referred to in Section 9.02, the original or a certified copy of a receipt
evidencing payment thereof. In the case of any payment hereunder or under the
Notes by or on behalf of any Borrower through an account or branch outside the
United States or by or on behalf of any Borrower by a payor that is not a
United States person, if such Borrower determines that no Taxes are payable in
respect thereof, such Borrower shall furnish, or shall cause such payor to
furnish, to the Agent, at such address, an 

44

opinion of counsel acceptable to the Agent stating that such payment is
exempt from Taxes. For purposes of this subsection (d) and subsection (e), the
terms “United States” and “United States person” shall have the
meanings specified in Section 7701 of the Internal Revenue Code. 

                    (e)
(i) Each Lender organized under the laws of a jurisdiction outside the United
States, on or prior to the date of its execution and delivery of this Agreement
in the case of each Initial Lender, on the date of the Assumption Agreement or
the Assignment and Acceptance pursuant to which it becomes a Lender in the case
of each other Lender and on the date it changes its Applicable Lending Office
in the case of any Lender, and from time to time thereafter as requested in
writing by any Borrower (unless a change in law renders such Lender unable
lawfully to do so), shall provide the Agent and each Borrower with two original
Internal Revenue Service forms W-8ECI or W-8BEN, as appropriate, or any
successor or other form prescribed by the Internal Revenue Service, certifying
that such Lender is exempt from or entitled to a reduced rate of United States
withholding tax on payments pursuant to this Agreement or the Notes. In
addition, each Lender further agrees to provide any Borrower with any form or
document as any Borrower may reasonably request which is required by any taxing
authority outside the United States in order to secure an exemption from, or
reduction in the rate of, withholding tax in such jurisdiction, if available to
such Lender. If the forms provided by a Lender at the time such Lender first
becomes a party to this Agreement or changes its Applicable Lending Office
indicate a United States interest withholding tax rate in excess of zero,
withholding tax at such rate shall be considered excluded from Taxes unless and
until such Lender provides the appropriate forms certifying that a lesser rate
applies, whereupon withholding tax at such lesser rate only shall be considered
excluded from Taxes for periods governed by such form; provided, however,
that, in the case of a Lender that initially becomes a party to this Agreement
pursuant to an assignment in accordance with Section 9.06 or a Lender that
undertakes a change in its Applicable Lending Office, the term Taxes shall
include (in addition to withholding taxes that may be imposed in the future or
other amounts otherwise includable in Taxes) United States withholding tax, if
any, applicable on the date of such assignment or change with respect to the
assignee Lender or Lender after the change in Applicable Lending Office, but
only to the extent of United States withholding tax included in Taxes, if any,
applicable on the date of such assignment or change with respect to the assignor
Lender or Lender prior to such change in Applicable Lending Office. If any form
or document referred to in this subsection (e) requires the disclosure of
information, other than information necessary to compute the tax payable and
information required on the date hereof by Internal Revenue Service form W-8ECI
or W-8BEN, that a Lender reasonably considers to be confidential, such Lender
shall give notice thereof to each Borrower and shall not be obligated to
include in such form or document such confidential information. 

                    (ii)
In addition, if a payment made to a Lender hereunder or under the Notes would
be subject to United States withholding tax imposed by FATCA if such Lender
were to fail to comply with the applicable reporting requirements of FATCA
(including those contained in Section 1471(b) or 1472(b) of the Internal
Revenue Code, as applicable), such Lender shall deliver to the Company and the
Agent, at the time or times prescribed by law and at such time or times
reasonably requested by the Company or the Agent, such documentation prescribed
by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the
Internal Revenue Code) and such additional documentation reasonably requested
by the Company or the Agent as may be necessary for each Borrower or the Agent
to comply with its obligations under FATCA, to determine that 

45

such Lender has complied with such Lender’s obligations under FATCA or
to determine the amount to deduct and withhold from such payment. 

                    (f)
For any period with respect to which a Lender has failed to provide each
Borrower with the appropriate form described in Section 2.14(e) (other than
if such failure is due to a change in law occurring subsequent to the date on
which a form originally was required to be provided), such Lender shall not be
entitled to indemnification under Section 2.14(a) or (c) with respect to Taxes
imposed by the United States by reason of such failure; provided, however,
that should a Lender become subject to Taxes because of its failure to deliver
a form required hereunder, each Borrower shall take such steps as such Lender
shall reasonably request to assist such Lender to recover such Taxes. 

                    (g)
If any Borrower is required to pay any additional amount to any Lender or to
the Agent or on behalf of any of them to any taxing authority pursuant to this
Section 2.14, such Lender shall, upon the written request of the Company
delivered to such Lender and the Agent, assign, pursuant to and in accordance
with the provisions of Section 9.06, all of its rights and obligations under
this Agreement and under the Notes to an Eligible Assignee selected by the
Company; provided, however, that (i) no Default shall have
occurred and be continuing at the time of such request and at the time of such
assignment; (ii) the assignee shall have paid to the assigning Lender the
aggregate principal amount of, and any interest accrued and unpaid to the date
of such assignment on, the Note or Notes of such Lender; (iii) the Company
shall have paid to the assigning Lender any and all commitment fees and other
fees payable to such Lender and all other accrued and unpaid amounts owing to
such Lender under any provision of this Agreement (including, but not limited to,
any increased costs or other additional amounts owing under Section 2.11, any
break funding costs under Section 9.04(c) and any indemnification for Taxes
under this Section 2.14) as of the effective date of such assignment; and (iv)
if the assignee selected by the Company is not an existing Lender, such
assignee or the Company shall have paid the processing and recordation fee
required under Section 9.06(a) for such assignment; provided further that
the assigning Lender’s rights under Sections 2.11, 2.14 and 9.04, and its
obligations under Section 8.05, shall survive such assignment as to matters
occurring prior to the date of assignment. 

                    SECTION
2.15. Sharing of Payments, Etc. If any Lender shall obtain any payment
(whether voluntary, involuntary, through the exercise of any right of setoff,
if any, or otherwise) on account of the Revolving Credit Advances or Swing Line
Advances owing to it (other than pursuant to Section 2.03, 2.04(c), 2.06(b),
2.06(c), 2.11, 2.14 or 9.04(c)) in excess of its Ratable Share of payments on
account of the Revolving Credit Advances or Swing Line Advances obtained by all
the Lenders, such Lender shall forthwith purchase from the other Lenders such
participations in the Revolving Credit Advances or Swing Line Advances owing to
them as shall be necessary to cause such purchasing Lender to share the excess
payment ratably with each of them; provided, however, that if all
or any portion of such excess payment is thereafter recovered from such
purchasing Lender, such purchase from each Lender shall be rescinded and such
Lender shall repay to the purchasing Lender the purchase price to the extent of
such recovery together with an amount equal to such Lender’s ratable share
(according to the proportion of (i) the amount of such 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. Each Borrower agrees that any Lender
so purchasing a participation from another Lender pursuant to this Section 2.15
may, to the fullest extent permitted by law, 

46

exercise all its rights of payment (including the right of setoff, if
any) with respect to such participation as fully as if such Lender were the
direct creditor of such Borrower in the amount of such participation. 

                    SECTION
2.16. Use of Proceeds. The proceeds of the Advances shall be available
(and each Borrower agrees that it shall use such proceeds) for general
corporate purposes of such Borrower and its Subsidiaries, including, without
limitation, backstop of commercial paper. 

                    SECTION
2.17. Evidence of Debt. (a) Each Lender shall maintain in accordance
with its usual practice an account or accounts evidencing the indebtedness of
each Borrower to such Lender resulting from each Revolving Credit Advance owing
to such Lender from time to time, including the amounts of principal and
interest payable and paid to such Lender from time to time hereunder in respect
of Revolving Credit Advances. Each Borrower agrees that upon request of any
Lender to such Borrower (with a copy of such notice to the Agent) that such
Lender receive a Revolving Credit Note to evidence (whether for purposes of pledge,
enforcement or otherwise) the Revolving Credit Advances owing to, or to be made
by, such Lender, such Borrower shall promptly execute and deliver to such
Lender a Revolving Credit Note payable to the order of such Lender in a
principal amount up to the Revolving Credit Commitment of such Lender. 

                    (b)
The Register maintained by the Agent pursuant to Section 9.06(d) shall include
a control account, and a subsidiary account for each Lender, in which accounts
(taken together) shall be recorded (i) the date and amount of each Borrowing
made hereunder, the Type of Advances comprising such Borrowing and, if
appropriate, the Interest Period applicable thereto, (ii) the terms of each
Assumption Agreement and each Assignment Acceptance delivered to and accepted
by it, (iii) the amount of any principal or interest due and payable or to
become due and payable from each Borrower to each Lender hereunder and (iv) the
amount of any sum received by the Agent from each Borrower hereunder and each Lender’s
share thereof. 

                    (c)
Entries made in good faith by the Agent in the Register pursuant to subsection
(b) above, and by each Lender in its account or accounts pursuant to subsection
(a) above, shall be prima facie evidence of the amount of
principal and interest due and payable or to become due and payable from the
Borrowers to, in the case of the Register, each Lender and, in the case of such
account or accounts, such Lender, under this Agreement, absent manifest error; provided,
however, that the failure of the Agent or such Lender to make an entry,
or any finding that an entry is incorrect, in the Register or such account or
accounts shall not limit or otherwise affect the obligations of any Borrower
under this Agreement. 

                    SECTION
2.18. Increase in the Aggregate Revolving Credit Commitments. (a) The
Company may, at any time but in any event not more than once in any calendar
year prior to the Termination Date, by notice to the Agent, request that the
aggregate amount of the Revolving Credit Commitments be increased by an amount
of $25,000,000 or an integral multiple thereof (each a “Commitment Increase”)
to be effective as of a date that is at least 90 days prior to the earliest
scheduled Termination Date then in effect (the “Increase Date”) as
specified in the related notice to the Agent; provided, however that
(i) in no event shall the aggregate amount of the Revolving Credit Commitments
at any time exceed $3,500,000,000 and (ii) on the date of any request by the
Company for a Commitment Increase and on the related Increase Date the
applicable conditions set forth in Section 3.03 shall be satisfied. 

47

                    (b)
The Agent shall promptly notify the Lenders of a request by the Company for a
Commitment Increase, which notice shall include (i) the proposed amount of such
requested Commitment Increase, (ii) the proposed Increase Date and (iii) the
date by which Lenders wishing to participate in the Commitment Increase must
commit to an increase in the amount of their respective Revolving Credit
Commitments (the “Commitment Date”). Each Lender that is willing to
participate in such requested Commitment Increase (each an “Increasing
Lender”) shall, in its sole discretion, give written notice to the Agent on
or prior to the Commitment Date of the amount by which it is willing to
increase its Revolving Credit Commitment. If the Lenders notify the Agent that
they are willing to increase the amount of their respective Revolving Credit
Commitments by an aggregate amount that exceeds the amount of the requested
Commitment Increase, the requested Commitment Increase shall be allocated among
the Lenders willing to participate therein in such amounts as are agreed
between the Company and the Agent. 

                    (c)
Promptly following each Commitment Date, the Agent shall notify the Company as
to the amount, if any, by which the Lenders are willing to participate in the
requested Commitment Increase. If the aggregate amount by which the Lenders are
willing to participate in any requested Commitment Increase on any such
Commitment Date is less than the requested Commitment Increase, then the
Company may extend offers to one or more Eligible Assignees to participate in
any portion of the requested Commitment Increase that has not been committed to
by the Lenders as of the applicable Commitment Date; provided, however,
that the Revolving Credit Commitment of each such Eligible Assignee shall be in
an amount of $25,000,000 or an integral multiple thereof. 

                    (d)
On each Increase Date, each Eligible Assignee that accepts an offer to
participate in a requested Commitment Increase in accordance with Section
2.18(c) (each such Eligible Assignee and each Eligible Assignee that agrees to
an extension of the Termination Date in accordance with Section 2.19(c), an “Assuming
Lender”) shall become a Lender party to this Agreement as of such Increase
Date and the Revolving Credit Commitment of each Increasing Lender for such
requested Commitment Increase shall be so increased by such amount (or by the
amount allocated to such Lender pursuant to the last sentence of Section
2.18(b)) as of such Increase Date; provided, however, that the Agent shall have
received on or before such Increase Date the following, each dated such date:  

	
  

 	
  

 
	
  

 	
           (i) (A)
 certified copies of resolutions of the Board of Directors of the Company or
 the Executive Committee of such Board approving the Commitment Increase and
 the corresponding modifications to this Agreement and (B) an opinion of
 counsel for the Company (which may be in-house counsel), in substantially the
 form of Exhibit E hereto; 

 
	
  

 	
  

 
	
  

 	
           (ii) an
 assumption agreement from each Assuming Lender, if any, in form and substance
 satisfactory to the Company and the Agent (each an “Assumption Agreement”),
 duly executed by such Eligible Assignee, the Agent and the Company; and 

 
	
  

 	
  

 
	
  

 	
           (iii)
 confirmation from each Increasing Lender of the increase in the amount of its
 Revolving Credit Commitment in a writing satisfactory to the Company and the
 Agent.

 

On each Increase Date, upon fulfillment of the conditions set forth in
the immediately preceding sentence of this Section 2.18(d), the Agent shall
notify the Lenders (including, without limitation, 

48

 each Assuming Lender) and the
Company, on or before 1:00 P.M. (New York City time), by telecopier, of the
occurrence of the Commitment Increase to be effected on such Increase Date and
shall record in the Register the relevant information with respect to each
Increasing Lender and each Assuming Lender on such date. Each Increasing Lender
and each Assuming Lender shall, before 2:00 P.M. (New York City time) on the
Increase Date, make available for the account of its Applicable Lending Office
to the Agent at the Agent’s Account, in same day funds, in the case of such
Assuming Lender, an amount equal to such Assuming Lender’s ratable portion of
the Revolving Credit Borrowings then outstanding (calculated based on its
Revolving Credit Commitment as a percentage of the aggregate Revolving Credit
Commitments outstanding after giving effect to the relevant Commitment
Increase) and, in the case of such Increasing Lender, an amount equal to the
excess of (i) such Increasing Lender’s ratable portion of the Revolving Credit
Borrowings then outstanding (calculated based on its Revolving Credit
Commitment as a percentage of the aggregate Revolving Credit Commitments
outstanding after giving effect to the relevant Commitment Increase) over (ii)
such Increasing Lender’s ratable portion of the Revolving Credit Borrowings
then outstanding (calculated based on its Revolving Credit Commitment (without
giving effect to the relevant Commitment Increase) as a percentage of the
aggregate Revolving Credit Commitments (without giving effect to the relevant
Commitment Increase). After the Agent’s receipt of such funds from each such
Increasing Lender and each such Assuming Lender, the Agent will promptly
thereafter cause to be distributed like funds to the other Lenders for the
account of their respective Applicable Lending Offices in an amount to each
other Lender such that the aggregate amount of the outstanding Revolving Credit
Advances owing to each Lender after giving effect to such distribution equals
such Lender’s ratable portion of the Revolving Credit Borrowings then
outstanding (calculated based on its Revolving Credit Commitment as a
percentage of the aggregate Revolving Credit Commitments outstanding after
giving effect to the relevant Commitment Increase). 

                    SECTION
2.19. Extension of Termination Date. (a) At least 45 days but not more
than 60 days prior to any anniversary of the Effective Date, the Company, by
written notice to the Agent, may request an extension of the Termination Date
in effect at such time by one year from its then scheduled expiration. The
Agent shall promptly notify each Lender of such request, and each Lender shall
in turn, in its sole discretion, not later than 20 days prior to such
anniversary date, notify the Company and the Agent in writing as to whether
such Lender will consent to such extension. If any Lender shall fail to notify
the Agent and the Company in writing of its consent to any such request for
extension of the Termination Date at least 20 days prior to the applicable
anniversary date, such Lender shall be deemed to be a Non-Consenting Lender
with respect to such request. The Agent shall notify the Company not later than
15 days prior to the applicable anniversary date of the decision of the Lenders
regarding the Company’s request for an extension of the Termination Date. 

                    (b)
If all the Lenders consent in writing to any such request in accordance with
subsection (a) of this Section 2.19, the Termination Date in effect at such
time shall, effective as at the applicable anniversary date (the “Extension
Date”), be extended for one year; provided that on each Extension
Date the applicable conditions set forth in Section 3.03 shall be satisfied. If
fewer than all of the Lenders consent in writing to any such request in accordance
with subsection (a) of this Section 2.19, the Termination Date in effect at
such time shall, effective as at the applicable Extension Date and subject to
subsection (d) of this Section 2.19, be extended as to those Lenders that so
consented (each a “Consenting Lender”) but shall not be extended as to
any other Lender 

49

(each a “Non-Consenting Lender”). To the extent that the
Termination Date is not extended as to any Lender pursuant to this Section 2.19
and the Commitment of such Lender is not assumed in accordance with subsection
(c) of this Section 2.19 on or prior to the applicable Extension Date, each
Commitment of such Non-Consenting Lender shall automatically terminate in whole
on such unextended Termination Date without any further notice or other action
by the Company, such Lender or any other Person; provided that such
Non-Consenting Lender’s rights under Sections 2.11, 2.14 and 9.04, and its
obligations under Section 8.05, shall survive the Termination Date for such
Lender as to matters occurring prior to such date. It is understood and agreed
that no Lender shall have any obligation whatsoever to agree to any request
made by the Company for any requested extension of the Termination Date. The
failure of a Lender to respond to a notice of such an increase will be deemed
an election by such Lender not to participate therein. 

                    (c)
If fewer than all of the Lenders consent to any such request pursuant to
subsection (a) of this Section 2.19, the Agent shall promptly so notify the
Consenting Lenders, and each Consenting Lender may, in its sole discretion,
give written notice to the Agent not later than 10 days prior to the
Termination Date of the amount of the Non-Consenting Lenders’ Commitments for
which it is willing to accept an assignment. If the Consenting Lenders notify
the Agent that they are willing to accept assignments of Commitments in an
aggregate amount that exceeds the amount of the Commitments of the
Non-Consenting Lenders, such Commitments shall be allocated among the
Consenting Lenders willing to accept such assignments in such amounts as are
agreed between the Company and the Agent. If after giving effect to the
assignments of Commitments described above there remain any Commitments of
Non-Consenting Lenders, the Company may arrange for one or more Consenting
Lenders or other Eligible Assignees as Assuming Lenders to assume, effective as
of the Extension Date, any Non-Consenting Lender’s Commitment and all of the
obligations of such Non-Consenting Lender under this Agreement thereafter
arising, without recourse to or warranty by, or expense to, such Non-Consenting
Lender; provided, however, that the amount of the Commitment of
any such Assuming Lender as a result of such substitution shall in no event be
less than $25,000,000 unless the amount of the Commitment of such
Non-Consenting Lender is less than $25,000,000, in which case such Assuming
Lender shall assume all of such lesser amount; and provided further that: 

	
  

 	
  

 
	
  

 	
           (i) any
 such Consenting Lender or Assuming Lender shall have paid to such
 Non-Consenting Lender (A) the aggregate principal amount of, and any interest
 accrued and unpaid to the effective date of the assignment on, the
 outstanding Advances, if any, of such Non-Consenting Lender plus (B)
 any accrued but unpaid commitment fees owing to such Non-Consenting Lender as
 of the effective date of such assignment; 

 
	
  

 	
  

 
	
  

 	
           (ii) all
 additional costs reimbursements, expense reimbursements and indemnities
 payable to such Non-Consenting Lender, and all other accrued and unpaid
 amounts owing to such Non-Consenting Lender hereunder, as of the effective
 date of such assignment shall have been paid to such Non-Consenting Lender;
 and 

 
	
  

 	
  

 
	
  

 	
           (iii)
 with respect to any such Assuming Lender, the applicable processing and
 recordation fee required under Section 9.06(a) for such assignment shall have
 been paid; 

 

provided further that such
Non-Consenting Lender’s rights under Sections 2.11, 2.14 and 9.04, and its
obligations under Section 8.05, shall survive such substitution as to matters
occurring prior to 

50

 the date of substitution. At
least three Business Days prior to any Extension Date, (A) each such Assuming
Lender, if any, shall have delivered to the Company and the Agent an Assumption
Agreement, duly executed by such Assuming Lender, such Non-Consenting Lender,
the Company and the Agent, (B) any such Consenting Lender shall have delivered
confirmation in writing satisfactory to the Company and the Agent as to the
increase in the amount of its Commitment and (C) each Non-Consenting Lender
being replaced pursuant to this Section 2.19 shall have delivered to the Agent
any Note or Notes held by such Non-Consenting Lender. Upon the payment or
prepayment of all amounts referred to in clauses (i), (ii) and (iii) of the
immediately preceding sentence, each such Consenting Lender or Assuming Lender,
as of the Extension Date, will be substituted for such Non-Consenting Lender
under this Agreement and shall be a Lender for all purposes of this Agreement,
without any further acknowledgment by or the consent of the other Lenders, and
the obligations of each such Non-Consenting Lender hereunder shall, by the
provisions hereof, be released and discharged. 

                    (d)
If (after giving effect to any assignments or assumptions pursuant to
subsection (c) of this Section 2.19) Lenders having Revolving Credit
Commitments equal to at least 50% of the Revolving Credit Commitments in effect
immediately prior to the Extension Date consent in writing to a requested
extension (whether by execution or delivery of an Assumption Agreement or
otherwise) not later than one Business Day prior to such Extension Date, the
Agent shall so notify the Company, and, subject to the satisfaction of the
applicable conditions in Section 3.03, the Termination Date then in effect
shall be extended for the additional one-year period as described in subsection
(a) of this Section 2.19, and all references in this Agreement, and in the
Notes, if any, to the “Termination Date” shall, with respect to each
Consenting Lender and each Assuming Lender for such Extension Date, refer to
the Termination Date as so extended. Promptly following each Extension Date,
the Agent shall notify the Lenders (including, without limitation, each Assuming
Lender) of the extension of the scheduled Termination Date in effect
immediately prior thereto and shall thereupon record in the Register the
relevant information with respect to each such Consenting Lender and each such
Assuming Lender. 

                    Section
2.20. Defaulting Lenders. (a) If any Swing Line Advances or Letters of
Credit are outstanding at the time a Lender becomes a Defaulting Lender, and
the Commitments have not been terminated in accordance with Section 6.01, then:

	
  

 	
  

 
	
  

 	
           (i) so
 long as no Default has occurred and is continuing, all or any part of the
 participations in Swing Line Advances and the Available Amount of outstanding
 Letters of Credit shall be reallocated among the Non-Defaulting Lenders in
 accordance with their respective Ratable Shares (disregarding any Defaulting
 Lender’s Revolving Credit Commitment) but only to the extent that the sum of
 (A) the aggregate principal amount of all Advances made by such
 Non-Defaulting Lenders (in their capacity as Lenders) and outstanding at such
 time, plus (B) such Non-Defaulting Lenders’ Ratable Shares (before giving
 effect to the reallocation contemplated herein) of the Available Amount of
 all outstanding Swing Line Advances and Letters of Credit, plus (C) the
 aggregate principal amount of all Advances made by each Swing Line Bank and
 each Issuing Bank pursuant to Section 2.04(c) that have not been ratably
 funded by such Non-Defaulting Lenders and outstanding at such time, plus (D)
 such Defaulting Lender’s Ratable Share of such outstanding Swing Line
 Advances and the 

 

51

	
  

 	
  

 
	
  

 	
 Available Amount of such Letters of Credit, does not exceed the total
 of all Non-Defaulting Lenders’ Revolving Credit Commitments;

 
	
  

 	
  

 
	
  

 	
           (ii) if
 the reallocation described in clause (i) above cannot, or can only partially,
 be effected, the Borrowers shall within one Business Day following notice by
 any Swing Line Bank or any Issuing Bank, cash collateralize such Defaulting
 Lender’s Ratable Share of the outstanding Swing Line Advances or the Available
 Amount of such Letters of Credit (after giving effect to any partial
 reallocation pursuant to clause (i) above), as the case may be, by paying
 cash collateral to such Swing Line Bank or such Issuing Bank; provided
 that, so long as no Default is continuing, such cash collateral shall be
 released promptly upon the earliest of (A) the reallocation of the Swing Line
 Advances and the Available Amount of outstanding Letters of Credit among
 Non-Defaulting Lenders in accordance with clause (i) above, (B) a reduction
 in outstanding Swing Line Advances and the Available Amount of all
 outstanding Letters of Credit by an amount equal to or greater than such
 Defaulting Lender’s Ratable Share of such Swing Line Advances and the
 Available Amount of such Letters of Credit (after giving effect to any
 partial reallocation to clause (i)), (C) the termination of the Defaulting
 Lender status of the applicable Lender, (D) such Swing Line Bank’s or Issuing
 Bank’s good faith determination that there exists excess cash collateral (in
 which case, the amount equal to such excess cash collateral shall be
 released) or (E) the posting of cash collateral for the amount of a
 Defaulting Lender as contemplated by Section 2.20(e). In the event any Letter
 of Credit or a portion thereof is collateralized, no fees shall be payable by
 the applicable Borrower on the collateralized amount of such Letter of Credit
 or a portion thereof; 

 
	
  

 	
  

 
	
  

 	
           (iii) to
 the extent the Ratable Shares of Letters of Credit of the Non-Defaulting
 Lenders are reallocated pursuant to this Section 2.20(a), then the fees
 payable to the Lenders pursuant to Section 2.05(b)(i) shall be adjusted in
 accordance with such Non-Defaulting Lenders’ Ratable Shares of Letters of
 Credit as reallocated; or 

 
	
  

 	
  

 
	
  

 	
           (iv) to
 the extent any Defaulting Lender’s Ratable Share of Letters of Credit is
 neither cash collateralized nor reallocated pursuant to Section 2.20(a),
 then, without prejudice to any rights or remedies of any Issuing Bank or any
 Lender hereunder, all letter of credit fees payable under Section 2.05(b)(i)
 with respect to such Defaulting Lender’s Ratable Share of Letters of Credit
 that have not been reallocated or collateralized shall be payable to the
 applicable Issuing Bank until such Defaulting Lender’s Ratable Share of
 Letters of Credit has been fully cash collateralized and/or reallocated. 

 

           (b)
So long as any Lender is a Defaulting Lender, no Swing Line Bank shall be
required to make a Swing Line Advance, and no Issuing Bank shall be required to
issue, amend or increase any Letter of Credit, unless it is satisfied that the
related exposure will be 100% covered by the Revolving Credit Commitments of
the Non-Defaulting Lenders and/or cash collateral will be provided by the
Borrowers in accordance with Section 2.20(a), and participating interests in
any such Swing Line Advances or newly issued or 

52

increased Letter of Credit shall be allocated among Non-Defaulting
Lenders in a manner consistent with Section 2.20(a)(i) (and Defaulting Lenders
shall not participate therein). 

           (c)
No Commitment of any Lender shall be increased or otherwise affected, and,
except as otherwise expressly provided in this Section 2.20, performance by the
Borrowers of their obligations shall not be excused or otherwise modified, as a
result of the operation of this Section 2.20. The rights and remedies against a
Defaulting Lender under this Section 2.20 are in addition to any other rights
and remedies which the Borrowers, the Agent, any Swing Line Bank, any Issuing
Bank or any other Lender may have against such Defaulting Lender. 

            (d)
If the Borrowers, the Agent, each Swing Line Bank and each Issuing Bank agree
in writing that in their reasonable determination a Defaulting Lender should no
longer be deemed to be a Defaulting Lender, the Agent will so notify the
parties hereto, whereupon as of the effective date specified in such notice and
subject to any conditions set forth therein (which may include arrangements
with respect to any cash collateral), that Lender will, to the extent
applicable, purchase that portion of outstanding Advances of the other Lenders
or take such other actions as the Agent may determine to be necessary to cause
the Advances and funded and unfunded participations in Swing Line Advances and
Letters of Credit to be held on a pro rata basis by the Lenders in accordance
with their Ratable Shares (without giving effect to Section 2.20(a)), whereupon
such Lender will cease to be a Defaulting Lender; provided that no adjustments
will be made retroactively with respect to fees accrued or payments made by or
on behalf of the Borrowers while that Lender was a Defaulting Lender; and provided,
further, that except to the extent otherwise expressly agreed by the
affected parties, no change hereunder from Defaulting Lender to Lender will
constitute a waiver or release of any claim of any party hereunder arising from
such Lender’s having been a Defaulting Lender. 

           (e)
Notwithstanding anything to the contrary contained in this Agreement, any
payment of principal, interest, commitment fees, letter of credit fees or other
amounts received by the Agent for the account of any Defaulting Lender under
this Agreement (whether voluntary or mandatory, at maturity, pursuant to
Article VI or otherwise) shall be applied at such time or times as may be
determined by the Agent as follows: first,
to the payment of any amounts owing by such Defaulting Lender to the Agent
hereunder; second, to the payment
on a pro rata basis of any amounts owing by such Defaulting Lender to any Swing
Line Bank or any Issuing Bank hereunder; third,
if so determined by the Agent or requested by any Swing Line Bank or any
Issuing Bank, to be held as cash collateral for future funding obligations of such
Defaulting Lender in respect of any participation in any Swing Line Advance or
Letter of Credit; fourth, as the
Company may request (so long as no Default exists), to the funding of any
Advance in respect of which that Defaulting Lender has failed to fund its
portion thereof as required by this Agreement, as determined by the Agent; fifth, if so determined by the Agent and
the Company, to be held in the Cash Deposit Account and released in order to
satisfy obligations of such Defaulting Lender to fund Advances under this
Agreement; sixth, to the payment
of any amounts owing to the Lenders, the Swing Line Banks or the Issuing Banks
as a result of any judgment of a court of competent jurisdiction obtained by
any Lender, Swing Line Bank or Issuing Bank against such Defaulting Lender as a
result of such Defaulting Lender’s breach of its 

53

 obligations under this
Agreement; seventh, so long as no
Default exists, to the payment of any amounts owing to any Borrower as a result
of any judgment of a court of competent jurisdiction obtained by such Borrower
against such Defaulting Lender as a result of such Defaulting Lender’s breach
of its obligations under this Agreement; and eighth,
to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction;
provided that if (x) such payment is a payment of the principal amount
of any Advance in respect of which such Defaulting Lender has not fully funded
its appropriate share, and (y) such Advances were made or the related Letters
of Credit were issued at a time when the applicable conditions set forth in
Article III were satisfied or waived, such payment shall be applied solely to
pay the Advances of all Non-Defaulting Lenders on a pro rata basis prior to
being applied to the payment of any Advances of such Defaulting Lender and provided
further that any amounts held as cash collateral for funding obligations
of a Defaulting Lender shall be returned to such Defaulting Lender upon the
termination of this Agreement and the satisfaction of such Defaulting Lender’s
obligations hereunder. Any payments, prepayments or other amounts paid or
payable to a Defaulting Lender that are applied (or held) to pay amounts owed
by a Defaulting Lender or to post cash collateral pursuant to this Section 2.20
shall be deemed paid to and redirected by such Defaulting Lender, and each
Lender irrevocably consents hereto. 

ARTICLE III

CONDITIONS TO EFFECTIVENESS AND LENDING

                    SECTION
3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.03.
Sections 2.01 and 2.03 of this Agreement shall become effective on and as of
the first date (the “Effective Date”) on which the following conditions
precedent have been satisfied: 

	
  

 	
  

 
	
  

 	
           (a) There
 shall have occurred no Material Adverse Change since December 31, 2010,
 except as otherwise publicly disclosed prior to the date hereof. 

 
	
  

 	
  

 
	
  

 	
           (b) There
 shall exist no action, suit, investigation, litigation or proceeding
 affecting the Company or any of its Subsidiaries pending or to the knowledge of
 the Company Threatened before any court, governmental agency or arbitrator
 that (i) is reasonably likely to have a Material Adverse Effect, except as
 disclosed in public filings prior to the date hereof or (ii) purports to
 affect the legality, validity or enforceability of this Agreement or any Note
 of the Company or the consummation of the transactions contemplated hereby,
 and there shall have been no material adverse change in the status, or
 financial effect on the Company or any of its material Subsidiaries, of the
 matters disclosed in public filings prior to the date hereof. 

 
	
  

 	
  

 
	
  

 	
           (c) The
 Company shall have paid all accrued fees and expenses of the Agent and the
 Lenders in respect of this Agreement. 

 
	
  

 	
  

 
	
  

 	
           (d) On
 the Effective Date, the following statements shall be true and the Agent
 shall have received a certificate signed by a duly authorized officer of the
 Company, dated the Effective Date, stating that: 

 

54

	
  

 	
  

 
	
  

 	
 (i) The representations and warranties contained in Section 4.01 are
 correct on and as of the Effective Date, and

 
	
  

 	
  

 
	
  

 	
 (ii) No event has occurred and is continuing that constitutes a
 Default.

 

	
  

 	
  

 
	
  

 	
           (e) The
 Agent shall have received on or before the Effective Date the following, each
 dated such day, in form and substance satisfactory to the Agent: 

 

	
  

 	
  

 
	
  

 	
           (i) The
 Revolving Credit Notes of the Company to the order of the Lenders to the
 extent requested by any Lender pursuant to Section 2.17. 

 
	
  

 	
  

 
	
  

 	
           (ii)
 Certified copies of the resolutions of the Board of Directors of the Company
 approving this Agreement and the Notes of the Company, and of all documents
 evidencing other necessary corporate action and governmental approvals, if
 any, with respect to this Agreement and such Notes. 

 
	
  

 	
  

 
	
  

 	
           (iii) A
 certificate of the Secretary or an Assistant Secretary of the Company
 certifying the names and true signatures of the officers of the Company
 authorized to sign this Agreement and the Notes of the Company and the other
 documents to be delivered hereunder. 

 
	
  

 	
  

 
	
  

 	
           (iv) A
 favorable opinion of the General Counsel or an Assistant General Counsel of
 the Company, substantially in the form of Exhibit E hereto and as to such
 other matters as any Lender through the Agent may reasonably request. 

 
	
  

 	
  

 
	
  

 	
           (v) A
 favorable opinion of Shearman & Sterling LLP, counsel for the Agent,
 substantially in the form of Exhibit G hereto. 

 
	
  

 	
  

 
	
  

 	
           (vi) Such
 other approvals, opinions or documents as any Lender, through the Agent, may
 reasonably request.

 

	
  

 	
  

 
	
  

 	
           (f) The
 Borrowers shall have repaid all outstanding advances and shall have paid all
 other amounts payable under the Amended and Restated Five Year Credit
 Agreement dated as of May 14, 2007 among the Company, the lenders parties
 thereto and Citicorp USA, Inc., as administrative agent, and the commitments
 under such credit agreement shall have been terminated. By execution of this
 Agreement, each Lender that is a party to such credit agreement hereby waives
 any requirement of prior notice for the termination of the commitments
 thereunder.

 

                    SECTION
3.02. Initial Advance to Each Designated Subsidiary. The obligation of
each Lender to make an initial Advance to each Designated Subsidiary following
any designation of such Designated Subsidiary as a Borrower hereunder pursuant
to Section 9.07 is subject to the Agent’s receipt on or before the date of such
initial Advance of each of the following, in form and substance satisfactory to
the Agent and dated such date, and (except for the Revolving Credit Notes) in
sufficient copies for each Lender: 

	
  

 	
  

 
	
  

 	
           (a) The
 Revolving Credit Notes of such Borrower to the order of the Lenders to the
 extent requested by any Lender pursuant to Section 2.17. 

 

55

	
  

 	
  

 
	
  

 	
           (b)
 Certified copies of the resolutions of the Board of Directors of such
 Borrower (with a certified English translation if the original thereof is not
 in English) approving this Agreement and the Notes of such Borrower, and of
 all documents evidencing other necessary corporate action and governmental
 approvals, if any, with respect to this Agreement and such Notes.

 
	
  

 	
  

 
	
  

 	
           (c) A
 certificate of the Secretary or an Assistant Secretary of such Borrower
 certifying the names and true signatures of the officers of such Borrower
 authorized to sign this Agreement and the Notes of such Borrower and the
 other documents to be delivered hereunder.

 
	
  

 	
  

 
	
  

 	
           (d) A
 certificate signed by a duly authorized officer of the Company or such
 Borrower, dated as of the date of such initial Advance, certifying that such
 Borrower shall have obtained all governmental and third party authorizations,
 consents, approvals (including exchange control approvals) and licenses
 required under applicable laws and regulations necessary for such Borrower to
 execute and deliver this Agreement and the Notes and to perform its
 obligations thereunder.

 
	
  

 	
  

 
	
  

 	
           (e) The
 Designation Letter of such Designated Subsidiary, substantially in the form
 of Exhibit D hereto.

 
	
  

 	
  

 
	
  

 	
            (f) A
 favorable opinion of counsel to such Designated Subsidiary, dated the date of
 such initial Advance, substantially in the form of Exhibit F hereto.

 
	
  

 	
  

 
	
  

 	
           (g) Such
 other approvals, opinions or documents as any Lender, through the Agent, may
 reasonably request.

 

                    SECTION
3.03. Conditions Precedent to Each Revolving Credit Borrowing, Swing Line
Borrowing, Issuance, Commitment Increase and Extension Date. The obligation
of each Lender to make an Advance (other than (x) an Advance made by any Issuing Bank or any
Lender pursuant to Section 2.04(c) or (y) a Competitive Bid Advance),
the obligation of the Issuing Bank to issue a Letter of Credit, each Commitment
Increase and each extension of Commitments pursuant to Section 2.19 shall be
subject to the conditions precedent that the Effective Date shall have occurred
and on the date of such Borrowing, issuance, Commitment Increase or extension
of Commitments, as the case may be, (a) the following statements shall be
true (and each of the giving of the applicable Notice of Revolving Credit
Borrowing, Notice of Swing Line Borrowing, Notice of Issuance, request for
Commitment Increase, request for Commitment extension and the acceptance by the
Borrower requesting such Borrowing or issuance of the proceeds of such
Borrowing or such issuance shall constitute a representation and warranty by
such Borrower that on the date of such Borrowing or issuance, such Increase
Date or such Extension Date such statements are true):

	
  

 	
  

 
	
  

 	
           (i) the
 representations and warranties of the Company contained in Section 4.01
 (except, in the case of a Borrowing or an issuance, the representations set
 forth in the last sentence of subsection (e) thereof and in subsections
 (f), (h)-(l) and (n) thereof) are correct on and as of the date of such
 Borrowing or issuance, before and after giving effect to such Borrowing or
 issuance, such Commitment Increase or such Extension 

 

56

	
  

 	
  

 
	
  

 	
 Date and to the application of the proceeds therefrom, as though made
 on and as of such date, and additionally, if such Borrowing or issuance shall
 have been requested by a Designated Subsidiary, the representations and
 warranties of such Designated Subsidiary contained in its Designation Letter
 are correct on and as of the date of such Borrowing or issuance, before and
 after giving effect to such Borrowing or issuance and to the application of
 the proceeds therefrom, as though made on and as of such date, and

 
	
  

 	
  

 
	
  

 	
           (ii) no
 event has occurred and is continuing, or would result from such Borrowing or
 issuance, such Commitment Increase or such Extension Date or from the
 application of the proceeds therefrom, that constitutes a Default;

 

and (b) the Agent shall have received such other approvals,
opinions or documents as any Lender through the Agent may reasonably request.

                    SECTION
3.04. Conditions Precedent to Each Competitive Bid Borrowing. The obligation of each
Lender that is to make a Competitive Bid Advance on the occasion of a
Competitive Bid Borrowing to make such Competitive Bid Advance as part of such
Competitive Bid Borrowing is subject to the conditions precedent that
(i) the Agent shall have received the written confirmatory Notice of
Competitive Bid Borrowing with respect thereto, (ii) on or before the date
of such Competitive Bid Borrowing, but prior to such Competitive Bid Borrowing,
the Agent shall have received a Competitive Bid Note payable to the order of such
Lender and substantially in the form of Exhibit A-2 hereto for each of the
one or more Competitive Bid Advances to be made by such Lender as part of such
Competitive Bid Borrowing, in a principal amount equal to the principal amount
of the Competitive Bid Advance to be evidenced thereby and otherwise on such
terms as were agreed to for such Competitive Bid Advance in accordance with
Section 2.03, and (iii) on the date of such Competitive Bid Borrowing
the following statements shall be true (and each of the giving of the
applicable Notice of Competitive Bid Borrowing and the acceptance by the
Borrower requesting such Competitive Bid Borrowing of the proceeds of such
Competitive Bid Borrowing shall constitute a representation and warranty by
such Borrower that on the date of such Competitive Bid Borrowing such
statements are true):

	
  

 	
  

 
	
  

 	
           (a) the
 representations and warranties of the Company contained in Section 4.01
 (except the representations set forth in the last sentence of subsection (e)
 thereof and in subsections (f), (h)-(l) and (n) thereof) are correct on and
 as of the date of such Competitive Bid Borrowing, before and after giving
 effect to such Competitive Bid Borrowing and to the application of the
 proceeds therefrom, as though made on and as of such date, and, if such
 Competitive Bid Borrowing shall have been requested by a Designated
 Subsidiary, the representations and warranties of such Designated Subsidiary
 contained in its Designation Letter are correct on and as of the date of such
 Competitive Bid Borrowing, before and after giving effect to such Competitive
 Bid Borrowing and to the application of the proceeds therefrom, as though
 made on and as of such date,

 
	
  

 	
  

 
	
  

 	
           (b) no
 event has occurred and is continuing, or would result from such Competitive
 Bid Borrowing or from the application of the proceeds therefrom, that
 constitutes a Default, and

 

57

	
  

 	
  

 
	
  

 	
           (c) no
 event has occurred and no circumstance exists as a result of which the
 information concerning such Borrower that has been provided to the Agent and
 each Lender by such Borrower in connection herewith would include an untrue
 statement of a material fact or omit to state any material fact necessary to
 make the statements contained therein, in the light of the circumstances
 under which they were made, not misleading,

 

and (iv) the Agent shall have received such other approvals, opinions
or documents as any Lender through the Agent may reasonably request.

                    SECTION
3.05. Determinations Under Section 3.01. For purposes of
determining compliance with the conditions specified in Section 3.01, each
Lender shall be deemed to have consented to, approved or accepted or to be
satisfied with each document or other matter required thereunder to be
consented to or approved by or acceptable or satisfactory to the Lenders unless
an officer of the Agent responsible for the transactions contemplated by this
Agreement shall have received notice from such Lender prior to the date that
the Company, by notice to the Lenders, designates as the proposed Effective
Date, specifying its objection thereto. The Agent shall promptly notify the
Lenders of the occurrence of the Effective Date.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

                    SECTION
4.01. Representations and Warranties of the Company. The Company
represents and warrants as follows:

	
  

 	
  

 
	
  

 	
           (a) The
 Company is a corporation duly organized, validly existing and in good
 standing under the laws of the State of Delaware.

 
	
  

 	
  

 
	
  

 	
           (b) The
 execution, delivery and performance by the Company of this Agreement and the
 Notes of the Company, and the consummation of the transactions contemplated
 hereby, are within the Company’s corporate powers, have been duly authorized
 by all necessary corporate action, and do not and will not cause or
 constitute a violation of any provision of law or regulation or any provision
 of the Certificate of Incorporation or By-Laws of the Company or result in
 the breach of, or constitute a default or require any consent under, or
 result in the creation of any lien, charge or encumbrance upon any of the
 properties, revenues, or assets of the Company pursuant to, any indenture or
 other agreement or instrument to which the Company is a party or by which the
 Company or its property may be bound or affected.

 
	
  

 	
  

 
	
  

 	
           (c) No
 authorization, consent, approval (including any exchange control approval),
 license or other action by, and no notice to or filing or registration with,
 any governmental authority, administrative agency or regulatory body or any
 other third party is required for the due execution, delivery and performance
 by the Company of this Agreement or the Notes of the Company.

 
	
  

 	
  

 
	
  

 	
           (d) This
 Agreement has been, and each of the Notes when delivered hereunder will have
 been, duly executed and delivered by the Company. This Agreement is, and each
 of the Notes of the Company when delivered hereunder will be, the legal,
 valid and binding 

 

58

	
  

 	
  

 
	
  

 	
 obligation of the Company enforceable against the Company in
 accordance with their respective terms, except to the extent that such
 enforcement may be limited by applicable bankruptcy, insolvency and other
 similar laws affecting creditors’ rights generally.

 
	
  

 	
  

 
	
  

 	
           (e) The
 Consolidated balance sheet of the Company and its Consolidated Subsidiaries
 as at December 31, 2010, and the related Consolidated statements of
 income and cash flows of the Company and its Consolidated Subsidiaries for
 the fiscal year then ended (together with the notes to the financial
 statements of the Company and its Consolidated Subsidiaries and the
 Consolidated statements of cash flows of the Company and its Consolidated
 Subsidiaries), accompanied by an opinion of one or more nationally recognized
 firms of independent public accountants, copies of which have been furnished
 to each Lender, are materially complete and correct, and fairly present the
 Consolidated financial condition of the Company and its Consolidated
 Subsidiaries as at such date and the Consolidated results of the operations
 of the Company and its Consolidated Subsidiaries for the period ended on such
 date, all in accordance with GAAP consistently applied, except as otherwise
 noted therein; the Company and its Consolidated Subsidiaries do not have on
 such date any material contingent liabilities, liabilities for taxes, unusual
 forward or long-term commitments or unrealized or anticipated losses from any
 unfavorable commitments, except as referred to or reflected or provided for in
 such balance sheet or the notes thereto as at such date. No Material Adverse
 Change has occurred since December 31, 2010, except as otherwise publicly
 disclosed prior to the date hereof.

 
	
  

 	
  

 
	
  

 	
           (f) There
 is no action, suit, investigation, litigation or proceeding, including,
 without limitation, any Environmental Action, pending or to the knowledge of
 the Company Threatened affecting the Company or any of its Subsidiaries
 before any court, governmental agency or arbitrator that (i) is reasonably
 likely to have a Material Adverse Effect (other than as disclosed in public
 filings prior to the date hereof), or (ii) purports to affect the
 legality, validity or enforceability of this Agreement or any Note or the
 consummation of the transactions contemplated hereby, and there has been no
 adverse change in the status, or financial effect on the Company or any of
 its material Subsidiaries, of the matters disclosed in public filings prior
 to the date hereof.

 
	
  

 	
  

 
	
  

 	
           (g)
 Following application of the proceeds of each Advance, not more than 25
 percent of the value of the assets (either of the Borrower of such Advance or
 of such Borrower and its Subsidiaries on a Consolidated basis) subject to the
 provisions of Section 5.02(a) or subject to any restriction contained in any
 agreement or instrument between such Borrower and any Lender or any Affiliate
 of any Lender relating to Debt and within the scope of Section 6.01(e) will
 be margin stock (within the meaning of Regulation U issued by the Board of
 Governors of the Federal Reserve System).

 
	
  

 	
  

 
	
  

 	
           (h) The
 Company and each wholly-owned direct Subsidiary of the Company have, in the
 aggregate, met their minimum funding requirements under ERISA with respect to
 their Plans in all material respects and have not incurred any material
 liability to the PBGC, other than for the payment of premiums, in connection
 with such Plans.

 

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           (i) No
 ERISA Event has occurred or is reasonably expected to occur with respect to
 any Plan of the Company or any of its ERISA Affiliates that has resulted in
 or is reasonably likely to result in a material liability of the Company or
 any of its ERISA Affiliates.

 
	
  

 	
  

 
	
  

 	
           (j)
 Schedule SB (Actuarial Information) to the most recent annual report (Form
 5500 Series) with respect to each Plan of the Company or any of its ERISA
 Affiliates, copies of which have been filed with the United States Department
 of Labor (and which will be furnished to any Lender through the Agent upon
 the request of such Lender through the Agent to the Company), are complete
 and accurate in all material respects and fairly present in all material
 respects the funding status of such Plans at such date, and since the date of
 each such Schedule SB there has been no material adverse change in funding status.

 
	
  

 	
  

 
	
  

 	
           (k)
 Neither the Company nor any of its ERISA Affiliates has incurred or
 reasonably expects to incur any Withdrawal Liability to any Multiemployer
 Plan in an annual amount exceeding 6% of Net Tangible Assets of the Company
 and its Consolidated Subsidiaries.

 
	
  

 	
  

 
	
  

 	
           (l) No
 Multiemployer Plan is, or is reasonably expected to be, in reorganization,
 insolvent or to be terminated, within the meaning of Title IV of ERISA or to
 be in “endangered” or “critical” status, in any such case, which might
 reasonably be expected to result in a liability of the Company in an amount
 in excess of $5,000,000.

 
	
  

 	
  

 
	
  

 	
           (m) The
 Company is not, and immediately after the application by the Company of the
 proceeds of each Advance will not be, an “investment company” within the
 meaning of the Investment Company Act of 1940, as amended.

 
	
  

 	
  

 
	
  

 	
           (n) To
 the best of the Company’s knowledge, the operations and properties of the
 Company and its Subsidiaries taken as a whole comply in all material respects
 with all Environmental Laws, all necessary Environmental Permits have been
 applied for or have been obtained and are in effect for the operations and
 properties of the Company and its Subsidiaries and the Company and its
 Subsidiaries are in compliance in all material respects with all such
 Environmental Permits. To the best of the Company’s knowledge no
 circumstances exist that would be reasonably likely to form the basis of an
 Environmental Action against the Company or any of its Subsidiaries or any of
 their properties that could have a Material Adverse Effect.

 

ARTICLE V

COVENANTS OF THE COMPANY

                    SECTION
5.01. Affirmative Covenants. So long as any Advance shall remain unpaid
or any Lender shall have any Commitment hereunder, the Company will:

	
  

 	
  

 
	
  

 	
           (a) Compliance
 with Laws, Etc. Comply, and cause each Designated Subsidiary to comply
 with all applicable laws, rules, regulations and orders, such compliance to
 include, without limitation, compliance with ERISA and Environmental 

 

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 Laws as provided in Section 5.01(j), if failure to comply with
 such requirements would have a Material Adverse Effect.

 
	
  

 	
  

 
	
  

 	
           (b) Payment
 of Taxes, Etc. Pay and discharge, and cause each Designated Subsidiary to
 pay and discharge, all taxes, assessments and governmental charges or levies
 imposed upon it or on its income or profits or upon any of its property; provided,
 however, that neither the Company nor any of its Subsidiaries shall be
 required to pay or discharge any such tax, assessment, charge or claim that
 is being contested in good faith and by proper proceedings and as to which
 appropriate reserves are being maintained.

 
	
  

 	
  

 
	
  

 	
           (c) Maintenance
 of Insurance. Maintain, and cause each Designated Subsidiary to maintain,
 insurance with responsible and reputable insurance companies or associations
 in such amounts and covering such risks as is usually carried by companies
 engaged in similar businesses and owning similar properties in the same
 general areas in which the Company or such Subsidiary operates.

 
	
  

 	
  

 
	
  

 	
           (d) Preservation
 of Corporate Existence, Etc. Preserve and maintain, and cause each
 Designated Subsidiary to preserve and maintain, its corporate existence and
 all its material rights (charter and statutory) privileges and franchises; provided,
 however, that the Company and each Designated Subsidiary may
 consummate any merger, consolidation or sale of assets permitted under
 Section 5.02(b).

 
	
  

 	
  

 
	
  

 	
           (e) Visitation
 Rights. At any reasonable time and from time to time upon reasonable
 notice but not more than once a year unless an Event of Default has occurred
 and is continuing, permit the Agent or any of the Lenders or any agents or
 representatives thereof, to examine and make copies of and abstracts from the
 records and books of account of, and visit the properties of, the Company and
 any Designated Subsidiary, and to discuss the affairs, finances and accounts
 of the Company and any Designated Subsidiary with any of their officers or
 directors and with their independent certified public accountants.

 
	
  

 	
  

 
	
  

 	
           (f) Keeping
 of Books. Keep, and cause each Designated Subsidiary to keep, proper
 books of record and account, in which full and correct entries shall be made
 of all financial transactions and the assets and business of the Company and
 each Designated Subsidiary in accordance with generally accepted accounting
 principles in effect from time to time.

 
	
  

 	
  

 
	
  

 	
           (g) Maintenance
 of Properties, Etc. Maintain and preserve, and cause each Designated
 Subsidiary to maintain and preserve, all of its properties that are used or
 useful in the conduct of its business in good working order and condition,
 ordinary wear and tear excepted; provided, however, that
 neither the Company nor any of its Designated Subsidiaries shall be required
 to maintain or preserve any property if the failure to maintain or preserve
 such property shall not have a Material Adverse Effect.

 
	
  

 	
  

 
	
  

 	
           (h) Reporting
 Requirements. Furnish to the Agent (with a copy for each Lender) and the
 Agent shall promptly forward the same to the Lenders:

 

61

	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (i) as
 soon as available and in any event within 60 days after the end of each of
 the first three quarters of each fiscal year of the Company, a Consolidated
 balance sheet of the Company and its Consolidated Subsidiaries as of the end
 of such quarter and a Consolidated statement of income and cash flows of the
 Company and its Consolidated Subsidiaries for the period commencing at the
 end of the previous fiscal year and ending with the end of such quarter,
 setting forth in each case in comparative form the corresponding figures as
 of the corresponding date and for the corresponding period of the preceding
 fiscal year, all in reasonable detail and certified by the principal
 financial officer, principal accounting officer, the Vice-President and
 Treasurer or an Assistant Treasurer of the Company, subject, however, to
 year-end auditing adjustments, which certificate shall include a statement
 that such officer has no knowledge, except as specifically stated, of any
 condition, event or act which constitutes a Default;

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (ii) as
 soon as available and in any event within 120 days after the end of each
 fiscal year of the Company, a Consolidated balance sheet of the Company and
 its Consolidated Subsidiaries as of the end of such fiscal year and the
 related Consolidated statements of income and cash flows of the Company and
 its Consolidated Subsidiaries for such fiscal year setting forth in each case
 in comparative form the corresponding figures as of the close of and for the
 preceding fiscal year, all in reasonable detail and accompanied by an opinion
 of independent public accountants of nationally recognized standing, as to
 said financial statements and a certificate of the principal financial
 officer, principal accounting officer, the Vice-President and Treasurer or an
 Assistant Treasurer of the Company stating that such officer has no
 knowledge, except as specifically stated, of any condition, event or act
 which constitutes a Default;

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (iii)
 copies of the Forms 8-K and 10-K reports (or similar reports) which the
 Company is required to file with the Securities and Exchange Commission of
 the United States of America, promptly after the filing thereof;

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (iv)
 copies of each annual report, quarterly report, special report or proxy
 statement mailed to substantially all of the stockholders of the Company,
 promptly after the mailing thereof to the stockholders;

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (v)
 immediate notice of the occurrence of any Default of which the principal
 financial officer, principal accounting officer, the Vice-President and
 Treasurer or an Assistant Treasurer of the Company shall have knowledge;

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (vi) as
 soon as available and in any event within 15 Business Days after the Company
 or any of its ERISA Affiliates knows or has reason to know that any ERISA
 Event involving liability of at least $150,000,000 has occurred, a statement
 of a senior officer of the Company with responsibility for compliance with
 the requirements of ERISA describing such ERISA Event and the action, if any,
 which the Company or such ERISA Affiliate proposes to take with respect
 thereto;

 

62

	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (vii) at
 the request of any Lender, promptly after the filing thereof with the
 Internal Revenue Service, copies of Schedule SB (Actuarial Information) to
 each annual report (Form 5500 series) filed by the Company or any of its
 ERISA Affiliates with respect to each Plan;

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (viii)
 promptly after receipt thereof by the Company or any of its ERISA Affiliates,
 copies of each notice from the PBGC stating its intention to terminate any
 Plan or to have a trustee appointed to administer any Plan;

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (ix)
 promptly after such request, such other documents and information relating to
 any Plan as any Lender may reasonably request from time to time;

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (x)
 promptly and in any event within 15 Business Days after receipt thereof by
 the Company or any of its ERISA Affiliates from the sponsor of a Multiemployer
 Plan, copies of each notice concerning (A) (x) the imposition of
 Withdrawal Liability in an amount in excess of $5,000,000 with respect to any
 one Multiemployer Plan or in an aggregate amount in excess of $25,000,000
 with respect to all such Multiemployer Plans within any one calendar year or
 (y) the reorganization or termination, within the meaning of Title IV of
 ERISA, of any Multiemployer Plan that has resulted or might reasonably be
 expected to result in Withdrawal Liability in an amount in excess of
 $5,000,000 or of all such Multiemployer Plans that has resulted or might
 reasonably be expected to result in Withdrawal Liability in an aggregate
 amount in excess of $25,000,000 within any one calendar year and (B) the
 amount of liability incurred, or that may be incurred, by the Company or any
 of its ERISA Affiliates in connection with any event described in such
 subclause (x) or (y);

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (xi)
 promptly after the commencement thereof, notice of all actions and
 proceedings before any court, governmental agency or arbitrator affecting the
 Company or any Designated Subsidiary of the type described in
 Section 4.01(f); and

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (xii)
 from time to time such further information respecting the financial condition
 and operations of the Company and its Subsidiaries as any Lender may from
 time to time reasonably request.

 

	
  

 	
  

 
	
  

 	
           (i) Authorizations.
 Obtain, and cause each Designated Subsidiary to obtain, at any time and from
 time to time all authorizations, licenses, consents or approvals (including
 exchange control approvals) as shall now or hereafter be necessary or
 desirable under applicable law or regulations in connection with its making
 and performance of this Agreement and, upon the request of any Lender,
 promptly furnish to such Lender copies thereof.

 
	
  

 	
  

 
	
  

 	
           (j) Compliance
 with Environmental Laws. Comply, and cause each of its Subsidiaries and
 all lessees and other Persons operating or occupying its properties to
 comply, in all material respects, with all applicable Environmental Laws and
 Environmental Permits; obtain and renew and cause each of its Subsidiaries to
 obtain and

 

63

	
  

 	
  

 
	
  

 	
 renew all Environmental Permits necessary for its operations and
 properties; and conduct, and cause each of its Subsidiaries to conduct, any
 investigation, study, sampling and testing, and undertake any cleanup,
 removal, remedial or other action necessary to remove and clean up all
 Hazardous Materials from any of its properties, in accordance with the
 requirements of all Environmental Laws; provided, however, that
 neither the Company nor any of its Subsidiaries shall be required to
 undertake any such cleanup, removal, remedial or other action to the extent
 that its obligation to do so is being contested in good faith and by proper
 proceedings and appropriate reserves are being maintained with respect to
 such circumstances.

 
	
  

 	
  

 
	
  

 	
           (k) Change
 of Control. If a Change of Control shall occur, within ten calendar days
 after the occurrence thereof, provide the Agent with notice thereof, describing
 therein in reasonable detail the facts and circumstances giving rise to such
 Change in Control.

 
	
  

 	
  

 
	
                     SECTION
 5.02. Negative Covenants. So long as any Advance shall remain unpaid
 or any Lender shall have any Commitment hereunder, the Company will not:

 
	
  

 	
  

 
	
  

 	
           (a) Liens,
 Etc. Issue, assume or guarantee, or permit any of its Subsidiaries owning
 Restricted Property to issue, assume or guarantee, any Debt secured by Liens
 on or with respect to any Restricted Property without effectively providing
 that its obligations to the Lenders under this Agreement and any of the Notes
 shall be secured equally and ratably with such Debt so long as such Debt
 shall be so secured, except that the foregoing shall not apply to:

 

	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (i) Liens
 affecting property of the Company or any of its Subsidiaries existing on the
 Effective Date in effect as of the date hereof or of any corporation existing
 at the time it becomes a Subsidiary of the Company or at the time it is merged
 into or consolidated with the Company or a Subsidiary of the Company;

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (ii)
 Liens on property of the Company or its Subsidiaries existing at the time of
 acquisition thereof or incurred to secure the payment of all or part of the
 purchase price thereof or to secure Debt incurred prior to, at the time of or
 within 24 months after acquisition thereof for the purpose of financing all
 or part of the purchase price thereof;

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (iii)
 Liens on property of the Company or its Subsidiaries (in the case of property
 that is, in the opinion of the Board of Directors of the Company,
 substantially unimproved for the use intended by the Company) to secure all
 or part of the cost of improvement thereof, or to secure Debt incurred to
 provide funds for any such purpose;

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (iv)
 Liens which secure only Debt owing by a Subsidiary of the Company to the
 Company or to another Subsidiary of the Company;

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (v) Liens
 in favor of the United States of America, any State, any foreign country, or
 any department, agency, instrumentality, or political subdivisions of any
 such jurisdiction, to secure partial, progress, advance or other 

 

64

	
  

 	
  

 	
  

 
	
  

 	
  

 	
 payments pursuant to any contract or statute or to secure any Debt
 incurred for the purpose of financing all or any part of the purchase price
 or cost of constructing or improving the property subject thereto, including,
 without limitation, Liens to secure Debt of the pollution control or
 industrial revenue bond type; or

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (vi) any
 extension, renewal or replacement (or successive extensions, renewals or
 replacements), in whole or in part, of any Lien referred to in the foregoing
 clauses (i) to (v) inclusive of any Debt secured thereby, provided
 that the principal amount of Debt secured thereby shall not exceed the
 principal amount of Debt so secured at the time of such extension, renewal or
 replacement, and that such extension, renewal or replacement Lien shall be
 limited to all or part of the property which secured the Lien extended, renewed
 or replaced (plus improvements on such property);

 

	
  

 	
  

 
	
  

 	
 provided, however, that, the Company
 and any one or more Subsidiaries owning Restricted Property may issue, assume
 or guarantee Debt secured by Liens which would otherwise be subject to the
 foregoing restrictions in an aggregate principal amount which, together with
 the aggregate outstanding principal amount of all other Debt of the Company
 and its Subsidiaries owning Restricted Property that would otherwise be
 subject to the foregoing restrictions (not including Debt permitted to be
 secured under clause (i) through (vi) above) and the aggregate value of the
 Sale and Leaseback Transactions in existence at such time, does not at any
 one time exceed 10% of the Net Tangible Assets of the Company and its
 Consolidated Subsidiaries; and provided further that the
 following type of transaction, among others, shall not be deemed to create
 Debt secured by Liens: Liens required by any contract or statute in order to
 permit the Company or any of its Subsidiaries to perform any contract or
 subcontract made by it with or at the request of the United States of
 America, any foreign country or any department, agency or instrumentality of
 any of the foregoing jurisdictions.

 
	
  

 	
  

 
	
  

 	
           (b) Mergers,
 Etc. Merge or consolidate with or into, or convey, transfer, 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; provided, however, that the
 Company may merge or consolidate with any other Person so long as the Company
 is the surviving corporation and so long as no Default shall have occurred
 and be continuing at the time of such proposed transaction or would result
 therefrom.

 
	
  

 	
  

 
	
 ARTICLE VI

 
	
  

 	
  

 
	
 EVENTS OF DEFAULT

 
	
  

 	
  

 
	
                     SECTION
 6.01. Events of Default. If any of the following events (“Events of
 Default”) shall occur and be continuing:

 
	
  

 	
  

 
	
  

 	
           (a) Any
 Borrower shall fail to pay: (i) any principal of any Revolving Credit Advance
 or Competitive Bid Advance when the same becomes due and payable; (ii) any
 principal of any Swing Line Advance within three Business Days after the same
 becomes 

 

65

	
  

 	
  

 
	
  

 	
 due and payable, (iii) any commitment fees or any interest on
 any Advance payable under this Agreement or any Note within three Business
 Days after the same becomes due and payable; or (iv) any other fees or
 other amounts payable under this Agreement or any Notes within 30 days
 after the same becomes due and payable other than those fees and amounts the
 liabilities for which are being contested in good faith by such Borrower and
 which have been placed in Escrow by such Borrower; or

 
	
  

 	
  

 
	
  

 	
           (b) Any
 representation or warranty made (or deemed made) by any Borrower (or any of
 its officers) in connection with this Agreement or by any Designated
 Subsidiary in the Designation Letter pursuant to which such Designated
 Subsidiary became a Borrower hereunder shall prove to have been incorrect in
 any material respect when made (or deemed made); or

 
	
  

 	
  

 
	
  

 	
           (c) The
 Company shall repudiate its obligations under, or shall default in the due
 performance or observance of, any term, covenant or agreement contained in
 Article VII of this Agreement; or

 
	
  

 	
  

 
	
  

 	
           (d) (i)
 The Company shall fail to perform or observe Section 5.01(h)(v), (ii) the
 Company shall fail to perform or observe any other term, covenant or
 agreement contained in Section 5.02(a) and such failure shall remain
 unremedied for a period of 30 days after any Lender shall have given notice
 thereof to the Company (through the Agent), or (iii) the Company or any other
 Borrower shall fail to perform or to observe any other term, covenant or
 agreement contained in this Agreement on its part to be performed or observed
 and such failure shall remain unremedied for a period of 30 days after any
 Lender shall have given notice thereof to the relevant Borrower or, in the
 case of the Company, any of the principal financial officer, the principal
 accounting officer, the Vice-President and Treasurer or an Assistant
 Treasurer of the Company, and in the case of any other Borrower, a
 responsible officer of such Borrower, first has knowledge of such failure; or

 
	
  

 	
  

 
	
  

 	
           (e)
 (i) The Company or any of its Consolidated or Designated Subsidiaries
 shall fail to pay any principal of or premium or interest on any Debt (other
 than Debt owed to the Company or its Subsidiaries or Affiliates) that is
 outstanding in a principal amount of at least $150,000,000 in the aggregate
 (but excluding Debt outstanding hereunder and Debt owed by such party to any
 bank, financial institution or other institutional lender to the extent the
 Company or any Subsidiary has deposits with such bank, financial institution
 or other institutional lender sufficient to repay such Debt) of the Company
 or such Subsidiary (as the case may be), when the same becomes due and
 payable (whether by scheduled maturity, 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 (ii) any other event shall occur or condition shall exist
 under any agreement or instrument relating to any such Debt and shall
 continue after the applicable grace period, if any, specified in such
 agreement or instrument, if the effect of such event or condition is to
 accelerate, or to permit the acceleration of, the maturity of such Debt, or
 (iii) any such Debt shall be declared to be due and payable, or required
 to be prepaid or redeemed (other than by a regularly scheduled required
 prepayment or redemption), purchased or defeased, or an offer to prepay,
 redeem, purchase or defease such Debt shall be required to be made, in each
 case prior to the stated maturity thereof; provided, 

 

66

	
  

 	
  

 
	
  

 	
 however, that, for purposes of this Section
 6.0l(e), in the case of (x) Debt of any Person (other than the Company or one
 of its Consolidated Subsidiaries) which the Company has guaranteed and (y)
 Debt of Persons (other than the Company or one of its Consolidated
 Subsidiaries) the payment of which is secured by a Lien on property of the
 Company or such Subsidiary, such Debt shall be deemed to have not been paid
 when due or to have been declared to be due and payable only when the Company
 or such Subsidiary, as the case may be, shall have failed to pay when due any
 amount which it shall be obligated to pay with respect to such Debt; provided
 further, however, that any event or occurrence described in
 this subsection (e) shall not be an Event of Default if (A) such event or
 occurrence relates to the Debt of any Subsidiary of the Company located in
 China, India, the Commonwealth of Independent States or Turkey (collectively,
 the “Exempt Countries”), (B) such Debt is not guaranteed or supported
 in any legally enforceable manner by any Borrower or by any Subsidiary or
 Affiliate of the Company located outside the Exempt Countries, (C) such event
 or occurrence is due to the direct or indirect action of any government
 entity or agency in any Exempt Country and (D) as of the last day of the
 calendar quarter immediately preceding such event or occurrence, the book
 value of the assets of such Subsidiary does not exceed $150,000,000 and the
 aggregate book value of the assets of all Subsidiaries of the Company located
 in Exempt Countries the Debt of which would cause an Event of Default to
 occur but for the effect of this proviso does not exceed $500,000,000; or

 
	
  

 	
  

 
	
  

 	
           (f) The
 Company or any of its Designated or Consolidated Subsidiaries shall generally
 not pay its debts as such debts become due, or shall admit in writing its
 inability to pay its debts generally, or shall make a general assignment for
 the benefit of creditors; or any proceeding shall be instituted by or against
 the Company or any such Subsidiaries seeking to adjudicate it a bankrupt or
 insolvent, or seeking liquidation, winding up, reorganization, arrangement,
 adjustment, protection, relief, or composition of it or its debts under any
 law relating to bankruptcy, insolvency or reorganization or relief of
 debtors, or seeking the entry of an order for relief or the appointment of a
 receiver, trustee, custodian or other similar official for it or for any
 substantial part of its property and, in the case of any such proceeding
 instituted against it (but not instituted by it), either such proceeding
 shall remain undismissed or unstayed for a period of 30 days, or any of the
 actions sought in such proceeding (including, without limitation, the entry
 of an order for relief against, or the appointment of a receiver, trustee,
 custodian or other similar official for, it or for any substantial part of
 its property) shall occur; or the Company or any such Subsidiaries shall take
 any corporate action to authorize any of the actions set forth above in this
 subsection (f); provided, however, that any event or
 occurrence described in this subsection (f) shall not be an Event of Default
 if (A) such event or occurrence relates to any Subsidiary of the Company
 located in an Exempt Country, (B) the Debt of such Subsidiary is not
 guaranteed or supported in any legally enforceable manner by any Borrower or
 by any Subsidiary or Affiliate of the Company located outside the Exempt
 Countries, (C) such event or occurrence is due to the direct or indirect
 action of any government entity or agency in any Exempt Country and (D) as of
 the last day of the calendar quarter immediately preceding such event or
 occurrence, the book value of the assets of such Subsidiary does not exceed
 $150,000,000 and the aggregate book value of the assets of all Subsidiaries
 of the Company located in Exempt Countries with respect to which the
 happening of the events or occurrences described in this subsection (f) would
 cause an

 

67

	
  

 	
  

 
	
  

 	
 Event of Default to occur but for the effect of this proviso does not
 exceed $500,000,000; or

 
	
  

 	
  

 
	
  

 	
           (g) Any
 judgment or order for the payment of money in excess of $150,000,000 shall be
 rendered against the Company or any of its Subsidiaries and enforcement
 proceedings shall have been commenced by any creditor upon such judgment or
 order and there shall be any period of 10 consecutive days during which a
 stay of enforcement of such judgment or order, by reason of a pending appeal
 or otherwise, shall not be in effect; provided, however, that
 any such judgment or order shall not be an Event of Default under this
 Section 6.01(g) if (A) such judgment or order is rendered against any
 Subsidiary of the Company located in an Exempt Country, (B) the Debt of such
 Subsidiary is not guaranteed or supported in any legally enforceable manner
 by any Borrower or by any Subsidiary or Affiliate of the Company located
 outside the Exempt Countries, (C) such judgment or order is due to the direct
 or indirect action of any government entity or agency in any Exempt Country
 and (D) as of the last day of the calendar quarter immediately preceding the
 tenth consecutive day of the stay period referred to above, the book value of
 the assets of such Subsidiary does not exceed $150,000,000 and the aggregate
 book value of the assets of all Subsidiaries of the Company located in Exempt
 Countries the judgments and orders against which would cause an Event of
 Default to occur but for the effect of this proviso does not exceed
 $500,000,000; or

 
	
  

 	
  

 
	
  

 	
           (h) Any
 non-monetary judgment or order shall be rendered against the Company or any
 of its Subsidiaries that is reasonably likely to have a Material Adverse
 Effect, and enforcement proceedings shall have been commenced by any Person
 upon such judgment or order and there shall be any period of 10 consecutive
 days during which a stay of enforcement of such judgment or order, by reason
 of a pending appeal or otherwise, shall not be in effect; or

 
	
  

 	
  

 
	
  

 	
           (i) Any
 license, consent, authorization or approval (including exchange control approvals)
 now or hereafter necessary to enable the Company or any Designated Subsidiary
 to comply with its obligations herein or under any Notes of such Borrower
 shall be modified, revoked, withdrawn, withheld or suspended; or

 
	
  

 	
  

 
	
  

 	
           (j) (i)
 Any ERISA Event shall have occurred with respect to a Plan of any Borrower or
 any of its ERISA Affiliates and the sum (determined as of the date of
 occurrence of such ERISA Event) of the Insufficiency of such Plan and the
 Insufficiency of any and all other Plans of the Borrowers and their ERISA
 Affiliates with respect to which an ERISA Event shall have occurred and then
 exist (or the liability of the Borrowers and their ERISA Affiliates related
 to such ERISA Event) exceeds $150,000,000; or (ii) any Borrower or any of its
 ERISA Affiliates shall be in default, as defined in Section 4219(c)(5) of
 ERISA, with respect to any payment of Withdrawal Liability and the sum of the
 outstanding balance of such Withdrawal Liability and the outstanding balance
 of any other Withdrawal Liability that any Borrower or any of its ERISA
 Affiliates has incurred exceeds 6% of Net Tangible Assets of the Company and
 its Consolidated Subsidiaries; or (iii) any Borrower or any of its ERISA
 Affiliates shall have been notified by the sponsor of a Multiemployer Plan of
 such Borrower or any of its ERISA Affiliates that such Multiemployer Plan is
 in reorganization, insolvent or is being terminated, within the 

 

68

	
  

 	
  

 
	
  

 	
 meaning of Title IV of ERISA, or has been determined to be in
 endangered or critical status and as a result of such reorganization,
 insolvency, termination or determination the aggregate annual contributions
 of the Borrowers and their ERISA Affiliates to all Multiemployer Plans that
 are then in reorganization, insolvency, being terminated or so determined
 have been or will be increased over the amounts contributed to such
 Multiemployer Plans for the plan years of such Multiemployer Plans
 immediately preceding the plan year in which such event occurs by an amount
 exceeding $150,000,000;

 
	
  

 	
  

 
	
 then, and (i) in any such event (except
 with respect to Competitive Bid Advances as provided in clause (ii) below),
 the Agent (A) shall at the request, or may with the consent, of the
 Majority Lenders, by notice to the Company, declare the obligation of each
 Lender to make Advances (other than Advances by an Issuing Bank or a Lender
 pursuant to Section 2.04(c)) and of the Issuing Banks to issue Letters of
 Credit to be terminated, whereupon the same shall forthwith terminate, and
 (B) shall at the request, or may with the consent, of the Majority
 Lenders, by notice to the Company, declare the Advances, all interest thereon
 and all other amounts payable under this Agreement to be forthwith due and
 payable, whereupon the Advances, all such interest and all such amounts shall
 become and be forthwith due and payable, without presentment, demand, protest
 or further notice of any kind, all of which are hereby expressly waived by
 the Borrowers and (ii) in the case of the occurrence of any Event of Default
 described in clause (i) or (ii) of Section 6.01(a) with respect to any
 Competitive Bid Advances, the Agent shall, at the request, or may with the
 consent, of the Lenders which have made or assumed under this Agreement at
 least 66-2/3% of the aggregate principal amount (based in respect of
 Competitive Bid Advances denominated in Foreign Currencies on the Equivalent
 in Dollars on the date of such request) of Competitive Bid Advances then
 outstanding and to whom such Advances are owed, by notice to the Company, declare
 the full unpaid principal of and accrued interest on all Competitive Bid
 Advances hereunder and all other obligations of the Borrowers hereunder with
 respect to Competitive Bid Advances to be immediately due and payable,
 whereupon such Advances and such obligations shall be immediately due and
 payable, without presentment, demand, protest or other further notice of any
 kind, all of which are hereby expressly waived by the Borrowers; provided,
 however, that in the event of an actual or deemed entry of an order
 for relief with respect to any Borrower under the United States Bankruptcy
 Code of 1978, as amended, (x) the obligation of each Lender to make
 Advances (other than Advances by an Issuing Bank or a Lender pursuant to
 Section 2.04(c)) and of the Issuing Banks to issue Letters of Credit shall
 automatically be terminated and (y) the Advances, all such interest and
 all such amounts shall automatically become and be due and payable, without
 presentment, demand, protest or any notice of any kind, all of which are
 hereby expressly waived by the Borrowers.

 
	
  

 	
  

 
	
                     SECTION
 6.02. Actions in Respect of the Letters of Credit upon Default. If any
 Event of Default shall have occurred and be continuing, the Agent may with
 the consent, or shall at the request, of the Majority Lenders, irrespective
 of whether it is taking any of the actions described in Section 6.01 or
 otherwise, make demand upon the Company to, and forthwith upon such demand
 the Company will, (a) pay to the Agent on behalf of the Lenders in same day
 funds at the Agent’s office designated in such demand, for deposit in the
 Cash Deposit Account, an amount equal to the aggregate Available Amount of
 all Letters of Credit then outstanding or (b) make such other reasonable
 arrangements in respect of the outstanding Letters of Credit as shall be
 acceptable to the Majority Lenders; provided, however, that in
 the event of an actual or deemed entry of an order for relief with respect to
 any Borrower under the United States Bankruptcy Code of 1978, as

 

69

	
  

 	
  

 
	
 amended, the Borrowers shall immediately pay to the Agent on behalf
 of the Lenders for deposit in the Cash Deposit Account, an amount equal to
 the aggregate Available Amount of all Letters of Credit then outstanding,
 without presentment, demand, protest or notice of any kind, all of which are
 hereby expressly waived by the Borrowers. If at any time the Agent reasonably
 determines that any funds held in the Cash Deposit Account are subject to any
 right or interest of any Person other than the Agent and the Lenders or that
 the total amount of such funds is less than the aggregate Available Amount of
 all Letters of Credit, the Borrowers will, forthwith upon demand by the
 Agent, pay to the Agent, as additional funds to be deposited and held in the
 Cash Deposit Account, an amount equal to the excess of (a) such aggregate
 Available Amount over (b) the total amount of funds, if any, then held in the
 Cash Deposit Account that are free and clear of any such right and interest.
 Upon the drawing of any Letter of Credit, to the extent funds are on deposit
 in the Cash Deposit Account, such funds shall be applied to reimburse the
 Issuing Banks to the extent permitted by applicable law, and if so applied,
 then such reimbursement shall be deemed a repayment of the corresponding
 Advance in respect of such Letter of Credit. After all such Letters of Credit
 shall have expired or been fully drawn upon and all other obligations of the
 Borrowers hereunder and under the Notes shall have been paid in full, the
 balance, if any, in the Cash Deposit Account shall be promptly returned to
 the Company.

 
	
  

 	
  

 
	
 ARTICLE VII

 
	
  

 	
  

 
	
 GUARANTEE

 
	
  

 	
  

 
	
                     SECTION
 7.01. Unconditional Guarantee. For valuable consideration, receipt
 whereof is hereby acknowledged, and to induce each Lender to make Advances to
 the Designated Subsidiaries and to induce the Agent to act hereunder, the
 Company hereby unconditionally and irrevocably guarantees to each Lender and
 the Agent that:

 
	
  

 	
  

 
	
  

 	
           (a) the
 principal of and interest on each Advance to each Designated Subsidiary shall
 be promptly paid in full when due (whether at stated maturity, by
 acceleration or otherwise) in accordance with the terms hereof, and, in case
 of any extension of time of payment, in whole or in part, of such Advance, that
 all such sums shall be promptly paid when due (whether at stated maturity, by
 acceleration or otherwise) in accordance with the terms of such extension;
 and

 
	
  

 	
  

 
	
  

 	
           (b) all
 other amounts payable hereunder by any Designated Subsidiary to any Lender or
 the Agent or the Sub-Agent, as the case may be, shall be promptly paid in
 full when due in accordance with the terms hereof (the obligations of the
 Designated Subsidiaries under these subsections (a) and (b) of this Section
 7.01 being the “Obligations”).

 
	
  

 	
  

 
	
 In addition, the Company hereby unconditionally and irrevocably
 agrees that upon default in the payment when due (whether at stated maturity,
 by acceleration or otherwise) of any principal of, or interest on, any
 Advance to any Designated Subsidiary or such other amounts payable by any
 Designated Subsidiary to any Lender or the Agent, the Company will forthwith
 pay the same, without further notice or demand.

 

70

                    SECTION
7.02. Guarantee Absolute. The Company guarantees that the Obligations
will be paid strictly in accordance with the terms of this Agreement,
regardless of any law, regulation or order now or hereafter in effect in any
jurisdiction affecting any of such terms or the rights of any Lender or the
Agent with respect thereto. The liability of the Company under this guarantee
shall be absolute and unconditional irrespective of:

	
  

 	
  

 
	
  

 	
           (a) any
 lack of validity or enforceability of this Agreement or any other agreement
 or instrument relating thereto;

 
	
  

 	
  

 
	
  

 	
           (b) any
 change in the time, manner or place of payment of, or in any other term of,
 all or any of the Obligations, or any other amendment or waiver of or any
 consent to departure from this Agreement;

 
	
  

 	
  

 
	
  

 	
           (c) any
 exchange, release or non-perfection of any collateral, or any release or
 amendment or waiver of or consent to departure from any other guaranty, for
 all or any of the Obligations; or

 
	
  

 	
  

 
	
  

 	
           (d) any
 other circumstance which might otherwise constitute a defense available to,
 or a discharge of, the Company, any Borrower or a guarantor.

 

This guarantee shall continue to be effective or be reinstated, as the
case may be, if at any time any payment of any of the Obligations is rescinded
or must otherwise be returned by any of the Lenders or the Agent upon the
insolvency, bankruptcy or reorganization of the Company or any Borrower or
otherwise, all as though such payment had not been made.

                    SECTION
7.03. Waivers. The Company hereby expressly waives diligence,
presentment, demand for payment, protest, any requirement that any right or
power be exhausted or any action be taken against any Designated Subsidiary or
against any other guarantor of all or any portion of the Advances, and all
other notices and demands whatsoever.

                    SECTION
7.04. Remedies. Each of the Lenders and the Agent may pursue its
respective rights and remedies under this Article VII and shall be entitled to
payment hereunder notwithstanding any other guarantee of all or any part of the
Advances to the Designated Subsidiaries, and notwithstanding any action taken
by any such Lender or the Agent to enforce any of its rights or remedies under
such other guarantee, or any payment received thereunder. The Company hereby
irrevocably waives any claim or other right that it may now or hereafter
acquire against any Designated Subsidiary that arises from the existence,
payment, performance or enforcement of the Company’s obligations under this
Article VII, including, without limitation, any right of subrogation,
reimbursement, exoneration, contribution or indemnification and any right to
participate in any claim or remedy of the Agent or the Lenders against any
Designated Subsidiary, whether or not such claim, remedy or right arises in
equity or under contract, statute or common law, including, without limitation,
the right to take or receive from the Designated Subsidiary, directly or
indirectly, in cash or other property or by set-off or in any other manner,
payment or security on account of such claim, remedy or right. If any amount
shall be paid to the Company in violation of the preceding sentence at any time
when all the Obligations shall not have been paid in full, such amount shall be
held in trust for the benefit of the Lenders and the Agent and shall forthwith
be paid to the Agent for its own account and the accounts of the respective
Lenders

71

to be credited and applied to the Obligations, whether matured or
unmatured, in accordance with the terms of this Agreement, or to be held as
collateral for any Obligations or other amounts payable under this Agreement
thereafter arising. The Company acknowledges that it will receive direct and
indirect benefits from the financing arrangements contemplated by this
Agreement and that the waiver set forth in this section is knowingly made in
contemplation of such benefits.

                    SECTION
7.05. No Stay. The Company agrees that, as between (a) the Company and
(b) the Lenders and the Agent, the Obligations of any Designated Subsidiary
guaranteed by the Company hereunder may be declared to be forthwith due and
payable as provided in Article VI hereof for purposes of this Article VII by
declaration to the Company as guarantor notwithstanding any stay, injunction or
other prohibition preventing such declaration as against such Designated
Subsidiary and that, in the event of such declaration to the Company as
guarantor, such Obligations (whether or not due and payable by such Designated
Subsidiary), shall forthwith become due and payable by the Company for purposes
of this Article VII.

                    SECTION
7.06. Survival. This guarantee is a continuing guarantee and shall
(a) remain in full force and effect until payment in full (after the
Termination Date) of the Obligations and all other amounts payable under this
guaranty, (b) be binding upon the Company, its successors and assigns, (c)
inure to the benefit of and be enforceable by each Lender (including each assignee
Lender pursuant to Section 9.06) and the Agent and their respective successors,
transferees and assigns and (d) shall be reinstated if at any time any payment
to a Lender or the Agent hereunder is required to be restored by such Lender or
the Agent. Without limiting the generality of the foregoing clause (c), each
Lender may assign or otherwise transfer its interest in any Advance to any
other person or entity, and such other person or entity shall thereupon become
vested with all the rights in respect thereof granted to such Lender herein or
otherwise.

ARTICLE VIII

THE AGENT

                    SECTION
8.01. Authorization and Authority. Each Lender hereby irrevocably
appoints Citibank to act on its behalf as the Agent hereunder and authorizes
the Agent to take such actions on its behalf and to exercise such powers as are
delegated to the Agent by the terms hereof, together with such actions and
powers as are reasonably incidental thereto. The provisions of this Article are
solely for the benefit of the Agent and the Lenders, and no Borrower shall have
rights as a third party beneficiary of any of such provisions.

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

72

                    (b)
Each Lender understands that the Person serving as Agent, acting in its
individual capacity, and its Affiliates (collectively, the “Agent’s Group”)
are engaged in a wide range of financial services and businesses (including
investment management, financing, securities trading, corporate and investment
banking and research) (such services and businesses are collectively referred
to in this Section 8.02 as “Activities”) and may engage in the
Activities with or on behalf of the Borrowers or their respective Affiliates.
Furthermore, the Agent’s Group may, in undertaking the Activities, engage in
trading in financial products or undertake other investment businesses for its
own account or on behalf of others (including the Borrowers and their
Affiliates and including holding, for its own account or on behalf of others,
equity, debt and similar positions in any Borrower or its Affiliates),
including trading in or holding long, short or derivative positions in
securities, loans or other financial products of one or more of the Borrowers
and their Affiliates. Each Lender understands and agrees that in engaging in
the Activities, the Agent’s Group may receive or otherwise obtain information
concerning the Company and its Affiliates (including information concerning the
ability of the Borrowers to perform their respective obligations hereunder)
which information may not be available to any of the Lenders that are not
members of the Agent’s Group. None of the Agent nor any member of the Agent’s
Group shall have any duty to disclose to any Lender or use on behalf of the
Lenders, and shall not be liable for the failure to so disclose or use, any
information whatsoever about or derived from the Activities or otherwise
(including any information concerning the business, prospects, operations,
property, financial and other condition or creditworthiness of any Borrower or
any Affiliate thereof) or to account for any revenue or profits obtained in
connection with the Activities, except that the Agent shall deliver or
otherwise make available to each Lender such documents as are expressly
required by this Agreement to be transmitted by the Agent to the Lenders.

                    (c)
Each Lender further understands that there may be situations where members of
the Agent’s Group or their respective customers (including the Borrowers and
their Affiliates) either now have or may in the future have interests or take
actions that may conflict with the interests of any one or more of the Lenders
(including the interests of the Lenders hereunder). Each Lender agrees that no
member of the Agent’s Group is or shall be required to restrict its activities
as a result of the Person serving as Agent being a member of the Agent’s Group,
and that each member of the Agent’s Group may undertake any Activities without
further consultation with or notification to any Lender. None of (i) this
Agreement, (ii) the receipt by the Agent’s Group of information concerning the
Company or its Affiliates (including information concerning the ability of the
Borrowers to perform their respective obligations hereunder) nor (iii) any
other matter shall give rise to any fiduciary, equitable or contractual duties
(including without limitation any duty of trust or confidence) owing by the
Agent or any member of the Agent’s Group to any Lender including any such duty
that would prevent or restrict the Agent’s Group from acting on behalf of
customers (including the Borrowers or their Affiliates) or for its own account.

                    SECTION
8.03. Duties of Agent; Exculpatory Provisions. (a) The Agent’s duties
hereunder are solely ministerial and administrative in nature and the Agent
shall not have any duties or obligations except those expressly set forth
herein. Without limiting the generality of the foregoing, the Agent shall not
have any duty to take any discretionary action or exercise any discretionary
powers, but shall be required to act or refrain from acting (and shall be fully
protected in so acting or refraining from acting) upon the written direction of
the Majority Lenders (or such other number or percentage of the Lenders as
shall be expressly provided for herein), provided that the Agent shall
not be required to take any action that, in its opinion or the opinion of

73

its counsel, may expose the Agent or any of its Affiliates to liability
or that is contrary to this Agreement or applicable law.

                    (b)
The Agent shall not be liable for any action taken or not taken by it
(i) with the consent or at the request of the Majority Lenders (or such
other number or percentage of the Lenders as shall be necessary, or as the
Agent shall believe in good faith shall be necessary, under the circumstances
as provided in Section 9.01 or Section 6.01) or (ii) in the absence
of its own gross negligence or willful misconduct. The Agent shall be deemed
not to have knowledge of any Default or the event or events that give or may
give rise to any Default unless and until the Company or any Lender shall have
given notice to the Agent describing such Default and such event or events. 

                    (c)
Neither the Agent nor any member of the Agent’s Group shall be responsible for
or have any duty to ascertain or inquire into (i) any statement, warranty,
representation or other information made or supplied in or in connection with
this Agreement, (ii) the contents of any certificate, report or other document
delivered hereunder or in connection herewith or the adequacy, accuracy and/or
completeness of the information contained therein, (iii) the performance
or observance of any of the covenants, agreements or other terms or conditions
set forth herein or the occurrence of any Default, (iv) the validity,
enforceability, effectiveness or genuineness of this Agreement or any other
agreement, instrument or document or the perfection or priority of any Lien or
security interest created or purported to be created hereby or (v) the
satisfaction of any condition set forth in Article III or elsewhere
herein, other than (but subject to the foregoing clause (ii)) to confirm
receipt of items expressly required to be delivered to the Agent. 

                    (d)
Nothing in this Agreement shall require the Agent or any of its Related Parties
to carry out any “know your customer” or other checks in relation to any Person
on behalf of any Lender and each Lender confirms to the Agent that it is solely
responsible for any such checks it is required to carry out and that it may not
rely on any statement in relation to such checks made by the Agent or any of
its Related Parties. 

                    SECTION
8.04. Reliance by Agent. The Agent shall be entitled to rely upon, and
shall not incur any liability for relying upon, any notice, request,
certificate, consent, statement, instrument, document or other writing
(including any electronic message, Internet or intranet website posting or
other distribution) believed by it to be genuine and to have been signed, sent
or otherwise authenticated by the proper Person. The Agent also may rely upon
any statement made to it orally or by telephone and believed by it to have been
made by the proper Person, and shall not incur any liability for relying
thereon. In determining compliance with any condition hereunder to the making
of an Advance, or the issuance of a Letter of Credit, that by its terms must be
fulfilled to the satisfaction of a Lender, the Agent may presume that such
condition is satisfactory to such Lender unless an officer of the Agent
responsible for the transactions contemplated hereby shall have received notice
to the contrary from such Lender prior to the making of such Advance or the
issuance of such Letter of Credit, and in the case of a Borrowing, such Lender
shall not have made available to the Agent such Lender’s ratable portion of
such Borrowing. The Agent may consult with legal counsel (who may be counsel
for the Company), independent accountants and other experts selected by it, and
shall not be liable for any action taken or not taken by it in accordance with
the advice of any such counsel, accountants or experts.

74

                    SECTION
8.05. Indemnification. (a) Each Lender severally agrees to indemnify the
Agent (to the extent not reimbursed by a Borrower), from and against such
Lender’s Ratable Share of any and all liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements
of any kind or nature whatsoever that may be imposed on, incurred by, or
asserted against the Agent, in its capacity as such, in any way relating to or
arising out of this Agreement or any action taken or omitted by the Agent, in
its capacity as such, under this Agreement, provided that no Lender
shall be liable for any portion of such liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements
resulting from the Agent’s gross negligence or willful misconduct. Without
limitation of the foregoing, each Lender agrees to reimburse the Agent promptly
upon demand for its Ratable Share of any out-of-pocket expenses (including
counsel fees) incurred by the 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, to the
extent that the Agent is not reimbursed for such expenses by a Borrower.

                    (b)
Each Lender severally agrees to indemnify the Issuing Banks (to the extent not
promptly reimbursed by the Company) from and against such Lender’s Ratable
Share of any and all liabilities, obligations, losses, damages, penalties,
actions, judgments, suits, costs, expenses or disbursements of any kind or
nature whatsoever that may be imposed on, incurred by, or asserted against any
such Issuing Bank, in its capacity as such, in any way relating to or arising
out of this Agreement or any action taken or omitted by such Issuing Bank, in
its capacity as such, hereunder or in connection herewith; provided, however, that no Lender shall be liable for any
portion of such liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements resulting from such Issuing
Bank’s gross negligence or willful misconduct. Without limitation of the
foregoing, each Lender agrees to reimburse any such Issuing Bank promptly upon
demand for its Ratable Share of any costs and expenses (including, without
limitation, fees and expenses of counsel) payable by the Company under Section
9.04, to the extent that such Issuing Bank is not promptly reimbursed for such
costs and expenses by the Company.

                    (c)
The Lenders agree to indemnify the Swing Line Agent (to the extent not
reimbursed by the Borrowers), from and against such Lender’s ratable share
(determined according to their respective Revolving Credit Commitments at such
time) of any and all liabilities, obligations, losses, damages, penalties,
actions, judgments, suits, costs, expenses or disbursements of any kind or
nature whatsoever that may be imposed on, incurred by, or asserted against the
Swing Line Agent, in its capacity as such, in any way relating to or arising
out of this Agreement or any action taken or omitted by the Swing Line Agent
under this Agreement, provided that no Lender shall be liable for any
portion of such liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements resulting from the Swing
Line Agent’s gross negligence or willful misconduct. Without limitation of the
foregoing, each Lender agrees to reimburse the Swing Line Agent promptly upon
demand for its ratable share of any out-of-pocket expenses (including counsel
fees) payable by the Borrowers under Section 9.04, to the extent that the Swing
Line Agent is not reimbursed for such expenses by the Borrowers.

75

                    (d)
The failure of any Lender to reimburse any Agent or any Issuing Bank promptly
upon demand for its Ratable Share of any amount required to be paid by the
Lenders to the Agents as provided herein shall not relieve any other Lender of
its obligation hereunder to reimburse any Agent or any Issuing Bank for its
Ratable Share of such amount, but no Lender shall be responsible for the
failure of any other Lender to reimburse any Agent or any Issuing Bank for such
other Lender’s Ratable Share of such amount. Without prejudice to the survival
of any other agreement of any Lender hereunder, the agreement and obligations
of each Lender contained in this Section 8.05 shall survive the payment in full
of principal, interest and all other amounts payable hereunder and under the
Notes. Each of the Agents and each Issuing Bank agrees to return to the Lenders
their respective Ratable Shares of any amounts paid under this Section 8.05
that are subsequently reimbursed by the Company or any Borrower. In the case of
any investigation, litigation or proceeding giving rise to any Indemnified
Costs, this Section 8.05 applies whether any such investigation,
litigation or proceeding is brought by any Agent, any Lender or a third party.

                    SECTION
8.06. Delegation of Duties. The Agent may perform any and all of its
duties and exercise its rights and powers hereunder by or through any one or
more sub-agents appointed by the Agent. The Agent and any such sub-agent may
perform any and all of its duties and exercise its rights and powers by or
through their respective Related Parties. Each such sub-agent and the Related
Parties of the Agent and each such sub-agent shall be entitled to the benefits
of all provisions of this Article VIII and Section 9.04 (as though such sub-agents were the
“Agent” under this Agreement) as if set forth in full herein with respect
thereto.

                    SECTION
8.07. Resignation of Agent. (a) The Agent may at any time give notice of
its resignation to the Lenders and the Company. The Company may at any time
after such notice of resignation, by notice to the Agent, propose a successor
Agent (which shall meet the criteria described below) and request that the
Lenders be notified thereof by the Agent with a view to their appointment of
such successor Agent; the Agent agrees to forward any such notice to the
Lenders promptly upon its receipt by the Agent. Upon receipt of any such notice
of resignation, the Majority Lenders shall have the right, in consultation with
the Company, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such
bank with an office in the United States having a combined capital and surplus
of at least $500,000,000. If no such successor shall have been so
appointed by the Majority Lenders and shall have accepted such appointment
within 30 days after the retiring Agent gives notice of its resignation (the
“Resignation Effective Date”), then the retiring Administrative Agent
may (but shall not be obligated to), on behalf of the Lenders and the Issuing
Banks and in consultation with the Company, appoint a successor Administrative
Agent meeting the qualifications set forth above. Whether or not a successor
has been appointed, such resignation shall become effective in accordance with
such notice on the Resignation Effective Date. 

                    (b)
If the Person serving as Agent is a Defaulting Lender pursuant to clause (v) of
the definition thereof, the Majority Lenders may, to the extent permitted by
applicable law, by notice in writing to the Company and such Person remove such
Person as Agent and, in consultation with the Borrower, appoint a successor. If
no such successor shall have been so appointed by the Majority Lenders and
shall have accepted such appointment within 30 days (or such earlier day as
shall be agreed by the Majority Lenders) (the “Removal Effective Date”),
then

76

such removal shall nonetheless become effective in accordance with such
notice on the Removal Effective Date.

                    (c)
With effect from the Resignation Effective Date or the Removal Effective Date
(as applicable) (i) the retiring Agent shall be discharged from its duties
and obligations as Agent hereunder and (ii) all payments, communications
and determinations provided to be made by, to or through the Agent shall instead
be made by or to each Lender directly, until such time as the Majority Lenders
appoint a successor Agent as provided for above in this paragraph. Upon the
acceptance of a successor’s appointment as Agent hereunder, such successor
shall succeed to and become vested with all of the rights, powers, privileges
and duties as Agent of the retiring (or retired) Agent, and the retiring Agent
shall be discharged from all of its duties and obligations as Agent hereunder
(if not already discharged therefrom as provided above in this paragraph). The
fees payable by the Company to a successor Agent shall be the same as those
payable to its predecessor unless otherwise agreed between the Company and such
successor. After the retiring Agent’s resignation hereunder, the provisions of
this Article and Section 9.04 shall continue in effect for the benefit of
such retiring Agent, its sub-agents and their respective Related Parties in
respect of any actions taken or omitted to be taken by any of them while the
retiring Agent was acting as Agent. 

                    (d)
Any resignation pursuant to this Section by a Person acting as Agent shall,
unless such Person shall notify the Company and the Lenders otherwise, also act
to relieve such Person and its Affiliates of any obligation to advance or issue
new, or extend existing, Swing Line Advances or Letters of Credit where such
advance, issuance or extension is to occur on or after the effective date of
such resignation. Upon the acceptance of a successor’s appointment as Agent
hereunder, (i) such successor shall succeed to and become vested with all of
the rights, powers, privileges and duties of the retiring Issuing Bank and
Swing Line Bank, (ii) the retiring Issuing Bank and Swing Line Bank shall be
discharged from all of their respective duties and obligations hereunder, (iii)
the successor Swing Line Bank shall enter into an Assignment and Acceptance and
acquire from the retiring Swing Line Bank each outstanding Swing Line Advance
of such retiring Swing Line Bank for a purchase price equal to par plus accrued
interest and (iv) the successor Issuing Bank shall issue letters of credit in
substitution for the Letters of Credit, if any, outstanding at the time of such
succession or make other arrangement satisfactory to the retiring Issuing Bank
to effectively assume the obligations of the retiring Issuing Bank with respect
to such Letters of Credit.

                    SECTION
8.08. Non-Reliance on Agent and Other Lenders. (a) Each Lender confirms
to the Agent, each other Lender and each of their respective Related Parties
that it (i) possesses (individually or through its Related Parties) such
knowledge and experience in financial and business matters that it is capable,
without reliance on the Agent, any other Lender or any of their respective
Related Parties, of evaluating
the merits and risks (including tax, legal, regulatory, credit, accounting and
other financial matters) of (x) entering into this Agreement, (y) making
Advances and other extensions of credit hereunder and (z) in taking or not
taking actions hereunder, (ii) is financially able to bear such risks and (iii)
has determined that entering into this Agreement and making Advances and other
extensions of credit hereunder is suitable and appropriate for it. 

77

                    (b)
Each Lender acknowledges that (i) it is solely responsible for making its own
independent appraisal and investigation of all risks arising under or in
connection with this Agreement, (ii) that it has, independently and without
reliance upon the Agent, any other Lender or any of their respective Related
Parties, made its own appraisal and investigation of all risks associated with,
and its own credit analysis and decision to enter into, this Agreement based on
such documents and information, as it has deemed appropriate and (iii) it will,
independently and without reliance upon the Agent, any other Lender or any of
their respective Related Parties, continue to be solely responsible for making
its own appraisal and investigation of all risks arising under or in connection
with, and its own credit analysis and decision to take or not take action
under, this Agreement based on such documents and information as it shall from
time to time deem appropriate, which may include, in each case:

	
  

 	
  

 
	
  

 	
           (i)
 the financial condition, status and capitalization of the Company and each
 other Borrower;

 
	
  

 	
  

 
	
  

 	
           (ii)
 the legality, validity, effectiveness, adequacy or enforceability of this
 Agreement and any other agreement, arrangement or document entered into, made
 or executed in anticipation of, under or in connection with this Agreement;

 
	
  

 	
  

 
	
  

 	
           (iii)
 determining compliance or non-compliance with any condition hereunder to the
 making of an Advance, or the issuance of a Letter of Credit and the form and
 substance of all evidence delivered in connection with establishing the
 satisfaction of each such condition;

 
	
  

 	
  

 
	
  

 	
           (iv)
 the adequacy, accuracy and/or completeness of any information delivered by
 the Agent, any other Lender or by any of their respective Related Parties
 under or in connection with this Agreement, the transactions contemplated
 hereby and thereby or any other agreement, arrangement or document entered
 into, made or executed in anticipation of, under or in connection with this Agreement.
 

 

                    SECTION
8.09. Other Agents. Each Lender hereby acknowledges that none of the
syndication agent or any documentation agent nor any other Lender designated as
any “Agent” on the signature pages hereof (other than the Agent and the Swing
Line Agent) has any liability hereunder other than in its capacity as a Lender.

ARTICLE IX

MISCELLANEOUS

                    SECTION
9.01. Amendments, Etc. No amendment or waiver of any provision of this
Agreement or the Revolving Credit Notes, nor consent to any departure by any
Borrower therefrom, shall in any event be effective unless the same shall be in
writing and signed by the Majority Lenders, and then such 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 shall, unless in writing and signed by each of the Lenders affected
thereby, do any of the following: (a) increase the Commitments of such
Lender, (b) reduce the principal of, or interest on, the Advances or any
fees or other amounts payable hereunder, (c) postpone any date fixed for
any payment of principal of, or interest on, the Advances or any fees or other
amounts payable

78

hereunder or extend the date of termination of such Lender’s
Commitment, (d) release the Company from any of its obligations under Article
VII, (e) require the duration of an Interest Period to be nine or more months
if such period is not available to all Lenders, (f) change the percentage of the
Commitments or of the aggregate unpaid principal amount of the Advances, or the
number of Lenders, that shall be required for the Lenders or any of them to
take any action hereunder; or (g) amend this Section 9.01; and provided further
that (x) no amendment, waiver or consent shall, unless in writing and signed by
the Agent in addition to the Lenders required above to take such action, affect
the rights or duties of the Agent under this Agreement or any Note, (y) no
amendment, waiver or consent shall, unless in writing and signed by the Issuing
Banks in addition to the Lenders required above to take such action, adversely
affect the rights or obligations of the Issuing Banks in their capacities as
such under this Agreement and (z) no amendment, waiver or consent shall, unless
in writing and signed by each Swing Line Bank, in addition to the Lenders
required above to take such action, affect the rights or obligations of the
Swing Line Banks under this Agreement.

                    SECTION
9.02. Notices, Etc. (a) All notices and other communications provided
for hereunder shall be in writing (including telecopier communication) and
mailed (return receipt requested), telecopied or delivered, if to the Company
or to any Designated Subsidiary, at the Company’s address at 101 Columbia Road,
Morristown, New Jersey 07962-1219, Attention: Assistant Treasurer; if to any
Initial Lender, at its Domestic Lending Office specified opposite its name on
Schedule I hereto; if to any other Lender, at its Domestic Lending Office
specified in the Assumption Agreement or the Assignment and Acceptance pursuant
to which it became a Lender; if to the Agent, at its address at Building #3,
1615 Brett Road, New Castle, Delaware 19720, Attention: Bank Loan Syndications
Department, with a copy to 388 Greenwich Street, New York, New York 10013,
Attention: Brian Reed; and if to the Swing Line Agent, at its address at 25
Canada Square, Citigroup Centre, 5th Floor CGC2, Canary Wharf, London, UK, E14
5LB, Attention: Jane Horner/Alasdair Watson; or, as to any Borrower or the
Agent, at such other address as shall be designated by such party in a written
notice to the other parties and, as to each other party, at such other address
as shall be designated by such party in a written notice to the Company and the
Agent; provided that materials as may be agreed between the Borrowers
and the Agent may be delivered to the Agent in accordance with clause (b)
below. All such notices and communications shall, when mailed or telecopied, be
effective when deposited in the mails or telecopied, respectively, except that
notices and communications to the Agent pursuant to Article II, III or
VIII shall not be effective until received by the Agent. Delivery by telecopier
of an executed counterpart of any amendment or waiver of any provision of this
Agreement or the Notes or of any Exhibit hereto to be executed and delivered
hereunder shall be effective as delivery of a manually executed counterpart
thereof.

                    (b)
So long as Citibank or any of its Affiliates is the Agent, such materials
required to be delivered pursuant to Section 5.01(h)(i), (ii), (iii) and (iv)
as may be agreed between the Borrowers and the Agent may be delivered to the
Agent in an electronic medium in a format acceptable to the Agent and the
Lenders by e-mail at oploanswebadmin@citigroup.com. The Borrowers agree that
the Agent may make such materials (the “Communications”) available to
the Lenders by posting such notices on Intralinks or a substantially similar
electronic system (the “Platform”). The Borrowers acknowledge that (i)
the distribution of material through an electronic medium is not necessarily
secure and that there are confidentiality
and other risks associated with such distribution, (ii) the Platform is
provided “as is” and “as available” and (iii)

79

neither the Agent nor any of its Affiliates warrants the accuracy,
adequacy or completeness of the Communications or the Platform and each
expressly disclaims liability for errors or omissions in the Communications or
the Platform. No warranty of any kind, express, implied or statutory,
including, without limitation, any warranty of merchantability, fitness for a
particular purpose, non-infringement of third party rights or freedom from
viruses or other code defects, is made by the Agent or any of its Affiliates in
connection with the Platform.

                    (c)
Each Lender agrees that notice to it (as
provided in the next sentence) (a “Notice”) specifying that any
Communications have been posted to
the Platform shall constitute effective delivery of such information, documents
or other materials to such Lender for purposes of this Agreement; provided that if requested by any Lender
the Agent shall deliver a copy of the Communications to such Lender by email or
telecopier. Each Lender agrees (i) to notify the Agent in writing of such
Lender’s e-mail address(es) to which a Notice may be sent by electronic
transmission (including by electronic communication) on or before the date such
Lender becomes a party to this Agreement (and from time to time thereafter to
ensure that the Agent has on record an effective e-mail address for such
Lender) and (ii) that any Notice may be sent to such e-mail address(es).

                    SECTION
9.03. No Waiver; Remedies. No failure on the part of any Lender or the
Agent to exercise, and no delay in exercising, any right hereunder or under any
Note shall operate as a waiver thereof; nor shall any single or partial
exercise of any such right preclude any other or further exercise thereof or
the exercise of any other right. The remedies herein provided are cumulative
and not exclusive of any remedies provided by law.

                    SECTION
9.04. Costs and Expenses. (a) The Company agrees to pay on demand all
reasonable costs and expenses of the Agent in connection with the
administration, modification and amendment of this Agreement, the Notes and the
other documents to be delivered hereunder, including, without limitation,
(i) all due diligence, syndication (including printing, distribution and
bank meetings), transportation, computer, duplication, appraisal, consultant,
and audit expenses and (ii) the reasonable fees and expenses of counsel
for the Agent with respect thereto. The Company further agrees to pay on demand
all costs and expenses of the Agent and the Lenders, if any (including, without
limitation, reasonable counsel fees and expenses), in connection with the
enforcement (whether through negotiations, legal proceedings or otherwise) of
this Agreement, the Notes and the other documents to be delivered hereunder,
including, without limitation, reasonable fees and expenses of counsel for the
Agent and each Lender in connection with the enforcement of rights under this
Section 9.04(a).

                    (b)
Each Borrower agrees to indemnify and hold harmless the Agent and each Lender
and each of their Related Parties (each, an “Indemnified Party”) from
and against any and all claims, damages, losses, liabilities and expenses
(including, without limitation, reasonable fees and expenses of counsel) that
may be incurred by or asserted or awarded against any Indemnified Party, in
each case arising out of or in connection with or by reason of, or in
connection with the preparation for a defense of, any investigation, litigation
or proceeding arising out of, related to or in connection with the Notes, this
Agreement, any of the transactions contemplated herein or the actual or
proposed use of the proceeds of the Advances whether or not such investigation,
litigation or proceeding is brought by the Company, its directors, shareholders
or creditors or an Indemnified Party or any other Person or any Indemnified
Party is otherwise a party thereto and

80

whether or not the transactions contemplated hereby are consummated,
except to the extent any such claim, damage, loss, liability or expense has
resulted from such Indemnified Party’s gross negligence or willful misconduct.

The Company also agrees not to assert any claim against any Indemnified
Party on any theory of liability for special, indirect, consequential or
punitive damages arising out of or otherwise relating to the Notes, this
Agreement, any of the transactions contemplated herein or the actual or
proposed use of the proceeds of the Advances.

                    (c)
(i) If any payment of principal of, or Conversion of, any Eurocurrency Rate
Advance or LIBO Rate Advance is made by the applicable Borrower to or for the
account of a Lender other than on the last day of the Interest Period for such
Advance, as a result of a payment or Conversion pursuant to
Section 2.03(d), 2.06(b), 2.10(a) or (b) or 2.12, acceleration of the
maturity of the Notes pursuant to Section 6.01 or for any other reason,
the applicable Borrower shall, upon demand by such Lender (with a copy of such demand
to the Agent), pay to the Agent for the account of such Lender any amounts
required to compensate such Lender for any additional losses, costs or expenses
that it may reasonably incur as a result of such payment or Conversion,
including, without limitation, any loss (including loss of anticipated
profits), cost or expense incurred by reason of the liquidation or reemployment
of deposits or other funds acquired by any Lender to fund or maintain such
Advance.

                    (ii)
If any payment of principal of any Swing Line Advance is made by the applicable
Borrower to or for the account of a Swing Line Bank other than on the maturity
date for such Advance as specified in the applicable Notice of Swing Line
Borrowing, as a result of a payment pursuant to Section 2.06(b), 2.10(a)
or (b) or 2.12, acceleration of the maturity of the Notes pursuant to
Section 6.01 or for any other reason, the applicable Borrower shall, upon
demand by a Swing Line Bank (with a copy of such demand to the Agent and the
Swing Line Agent), pay to the Swing Line Agent for the account of such Swing
Line Bank any amounts required to compensate such Swing Line Bank for any
additional losses, costs or expenses that it may reasonably incur as a result
of such payment, including, without limitation, any loss (including loss of
anticipated profits), cost or expense incurred by reason of the liquidation or
reemployment of deposits or other funds acquired by any Swing Line Bank to fund
or maintain such Advance.

                    (d)
Without prejudice to the survival of any other agreement of the Borrowers
hereunder, the agreements and obligations of the Borrowers contained in
Sections 2.11, 2.14 and 9.04 shall survive the payment in full of
principal, interest and all other amounts payable hereunder and under the Notes
and the termination in whole of any Commitment hereunder.

                    SECTION
9.05. Binding Effect. This Agreement shall become effective (other than
Sections 2.01 and 2.03, which shall only become effective upon
satisfaction of the conditions precedent set forth in Section 3.01) when
it shall have been executed by the Company, the Agent and the Swing Line Agent
and when the Agent shall have been notified by each Initial Lender that such
Initial Lender has executed it and thereafter shall be binding upon and inure
to the benefit of each Borrower, the Agent, the Swing Line Agent and each
Lender and their respective successors and assigns, except that no Borrower
shall have the right to assign its rights hereunder or any interest herein
without the prior written consent of each Lender.

81

                    SECTION
9.06. Assignments and Participations. (a) Each Lender may at any time,
with notice to the Company prior to making any proposal to any potential
assignee and with the consent of the Company, which consent shall not be
unreasonably withheld (and shall at any time, if requested to do so by the
Company pursuant to Section 2.06(b), 2.11 or 2.14) assign to one or more
Persons all or a portion of its rights and obligations under a Facility or all
Facilities (it being understood that any assignment under the Revolving Credit
Facility shall include a proportionate assignment under the Swing Line
Facility, as applicable) under this Agreement (including, without limitation,
all or a portion of its Revolving Credit Commitment, Unissued Letter of Credit
Commitment, the Revolving Credit Advances owing to it, its participations in
Letters of Credit and the Revolving Credit Note or Notes held by it); provided,
however, that (i) the Company’s consent shall not be required (A)
in the case of an assignment of Revolving Credit Commitment, Revolving Credit
Advances and participations in Letters of Credit to another Lender or to an
Affiliate of such assigning Lender, provided that notice thereof shall
have been given to the Company and the Agent or (B) in the case of an
assignment of the type described in subsection (g) below; provided
that the Company shall be deemed to have consented to any such assignment
unless it shall object thereto by written notice to the Agent within ten
Business Days after having received notice thereof; (ii) each such
assignment shall be of a constant, and not a varying, percentage of the rights
and obligations under this Agreement specified in the applicable Assignment and
Acceptance; (iii) except in the case of an assignment to a Person that,
immediately prior to such assignment, was a Lender or an assignment of all of a
Lender’s rights and obligations under this Agreement, the amount of (x) the
Revolving Credit Commitment of the assigning Lender being assigned pursuant to
each such assignment (determined as of the date of the Assignment and
Acceptance with respect to such assignment) shall in no event be less than
$10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y)
Unissued Letter of Credit Commitment of the assigning Lender being assigned
pursuant to each such assignment (determined as of the date of the Assignment
and Acceptance with respect to such assignment) shall in no event be less than
$1,000,000 or an integral multiple thereof; (iv) each such assignment
shall be to an Eligible Assignee, (v) each such assignment made as a result of
a demand by the Company pursuant to this Section 9.06(a) shall be arranged by
the Company after consultation with, and subject to the approval of, the Agent,
and shall be either an assignment of all of the rights and obligations of the
assigning Lender under this Agreement or an assignment of a portion of such
rights and obligations made concurrently with another such assignment or other
such assignments that together cover all of the rights and obligations of the
assigning Lender under this Agreement, (vi) no Lender shall be obligated to
make any such assignment as a result of a demand by the Company pursuant to
this Section 9.06(a) unless and until such Lender shall have received one or
more payments from either the Borrowers or one or more Eligible Assignees in an
aggregate amount at least equal to the aggregate outstanding principal amount
of the Advances owing to such Lender, together with accrued interest thereon to
the date of payment of such principal amount and all other amounts payable to
such Lender under this Agreement and all of the obligations of the Borrowers to
such Lender shall have been satisfied; and (vii) the parties to each such
assignment shall execute and deliver to the Agent, for its acceptance and
recording in the Register, an Assignment and Acceptance, together with a
processing and recordation fee of $3,500 and, if the assigning Lender is not
retaining a Commitment hereunder, any Revolving Credit Note subject to such
assignment. Upon such execution, delivery, acceptance and recording, from and
after the effective date specified in each Assignment and Acceptance,
(x) the assignee thereunder shall be a party hereto and, to the extent
that rights and obligations hereunder have been assigned

82

to it pursuant to such Assignment and Acceptance, have the rights and
obligations of a Lender hereunder and (y) the Lender assignor thereunder
shall, to the extent that rights and obligations hereunder have been assigned
by it pursuant to such Assignment and Acceptance, relinquish its rights and be
released from its obligations under this Agreement (and, in the case of an
Assignment and Acceptance covering all or the remaining portion of an assigning
Lender’s rights and obligations under this Agreement, such Lender shall cease
to be a party hereto, provided, however, that such assigning
Lender’s rights under Sections 2.11, 2.14 and 9.04, and its obligations under
Section 8.05, shall survive such assignment as to matters occurring prior to
the effective date of such assignment).

                    (b)
By executing and delivering an Assignment and Acceptance, the Lender assignor
thereunder and the assignee thereunder confirm to and agree with each other and
the other parties hereto as follows: (i) other than as provided in such
Assignment and Acceptance, such assigning Lender makes no representation or
warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with this Agreement or
any other instrument or document furnished pursuant hereto or the execution,
legality, validity, enforceability, genuineness, sufficiency or value of, or
the perfection or priority of any lien or security interest created or
purported to be created under or in connection with, this Agreement or any
other instrument or document furnished pursuant hereto; (ii) such
assigning Lender makes no representation or warranty and assumes no
responsibility with respect to the financial condition of any Borrower or the
performance or observance by such Borrower of any of its obligations under this
Agreement or any other instrument or document furnished pursuant hereto; (iii) such
assignee confirms that it has received a copy of this Agreement, together with
copies of the financial statements referred to in Section 4.01 and such
other documents and information as it has deemed appropriate to make its own
credit analysis and decision to enter into such Assignment and Acceptance;
(iv) such assignee will, independently and without reliance upon the
Agent, such assigning Lender or any other Lender and based on 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 this Agreement;
(v) such assignee confirms that it is an Eligible Assignee; (vi) such
assignee appoints and authorizes the Agent to take such action as agent on its
behalf and to exercise such powers and discretion under this Agreement as are
delegated to the Agent by the terms hereof, together with such powers and
discretion as are reasonably incidental thereto; and (vii) such assignee
agrees that it will perform in accordance with their terms all of the
obligations that by the terms of this Agreement are required to be performed by
it as a Lender.

                    (c)
Upon its receipt of an Assignment and Acceptance executed by an assigning
Lender and an assignee representing that it is an Eligible Assignee, together
with any Revolving Credit Note or Notes subject to such assignment, the Agent
shall, if such Assignment and Acceptance has been completed and is in
substantially the form of Exhibit C hereto, (i) accept such Assignment
and Acceptance, (ii) record the information contained therein in the
Register and (iii) give prompt notice thereof to the Company and to each
other Borrower.

                    (d)
The Agent shall maintain at its address referred to in Section 9.02 a copy
of each Assumption Agreement and each Assignment and Acceptance delivered to
and accepted by it and a register for the recordation of the names and
addresses of the Lenders and the Commitment of, and principal amount of the
Advances owing to, each Lender from time to time (the “Register”). In
addition, the Agent shall maintain on the Register information regarding the

83

designation and revocation of designation of any Lender as a Defaulting
Lender. The entries in the Register shall be conclusive and binding for all
purposes, absent manifest error, and the Company, each other Borrower, the
Agent and the Lenders may treat each Person whose name is recorded in the
Register as a Lender hereunder for all purposes of this Agreement. The Register
shall be available for inspection by the Company, any other Borrower or any
Lender at any reasonable time and from time to time upon reasonable prior
notice.

                    (e)
Each Lender may sell participations to one or more banks or other entities
(other than the Company or any of its Affiliates) in or to all or a portion of
its rights and obligations under this Agreement (including, without limitation,
all or a portion of its Commitment, the Advances owing to it and any Note or
Notes held by it); provided, however, that (i) such Lender’s
obligations under this Agreement (including, without limitation, its Commitment
to the Company and the other Borrowers hereunder) shall remain unchanged,
(ii) such Lender shall remain solely responsible to the other parties hereto
for the performance of such obligations, (iii) such Lender shall remain
the holder of any such Note for all purposes of this Agreement, (iv) the
Company, any other Borrower, the 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, (v) no participant under any
such participation shall have any right to approve any amendment or waiver of
any provision of this Agreement or any Note, or any consent to any departure by
any Borrower therefrom, except to the extent that such amendment, waiver or
consent would reduce the principal of, or interest on, the Notes or any fees or
other amounts payable hereunder, in each case to the extent subject to such
participation, or postpone any date fixed for any payment of principal of, or
interest on, the Notes or any fees or other amounts payable hereunder, in each
case to the extent subject to such participation and (vi) within 30 days of the
effective date of such participation, such Lender shall provide notice of such
participation to the Company.

                    (f)
Any Lender may, in connection with any assignment or participation or proposed
assignment or participation pursuant to this Section 9.06, disclose to the
assignee or participant or proposed assignee or participant, any information
relating to the Company or any Borrower furnished to such Lender by or on
behalf of such Borrower; provided that, prior to any such disclosure,
the assignee or participant or proposed assignee or participant shall agree to
preserve the confidentiality of any confidential information relating to such
Borrower received by it from such Lender.

                    (g)
Notwithstanding any other provision set forth in this Agreement, any Lender may
at any time assign or create a security interest in all or any portion of its
rights under this Agreement (including, without limitation, the Advances owing
to it and any Note or Notes held by it), including in favor of any Federal
Reserve Bank in accordance with Regulation A of the Board of Governors of the
Federal Reserve System.

                    SECTION
9.07. Designated Subsidiaries. (a) Designation. The Company may
at any time, and from time to time, upon
not less than 15 Business Days’ notice in the case of any Subsidiary so
designated after the Effective Date, notify the Agent that the Company
intends to designate a Subsidiary as a “Designated Subsidiary” for purposes of
this Agreement. On or after the date that is 15 Business Days after such
notice, upon delivery to the Agent and
each Lender of a Designation Letter duly executed by the Company and the respective
Subsidiary and substantially in the form of Exhibit D hereto, such Subsidiary
shall thereupon become a

84

“Designated Subsidiary” for purposes of this Agreement and, as such,
shall have all of the rights and obligations of a Borrower hereunder. The Agent
shall promptly notify each Lender of the Company’s notice of such pending
designation by the Company and the identity of the respective Subsidiary. Following the giving of any notice pursuant
to this Section 9.07(a), if the designation of such Designated Subsidiary
obligates the Agent or any Lender to comply with “know your customer” or
similar identification procedures in circumstances where the necessary
information is not already available to it, the Company shall, promptly upon
the request of the Agent or any Lender, supply such documentation and other evidence as is reasonably
requested by the Agent or any Lender in order for the Agent or such Lender to
carry out and be satisfied it has complied with the results of all necessary
“know your customer” or other similar checks under all applicable laws and
regulations.

                    If
the Company shall designate as a Designated Subsidiary hereunder any Subsidiary
not organized under the laws of the United States or any State thereof, any
Lender may, with notice to the Agent and the Company, fulfill its Commitment by
causing an Affiliate of such Lender to act as the Lender in respect of such
Designated Subsidiary (and such Lender shall, to the extent of Advances made to
and participations in Letters of Credit issued for the account of such
Designated Subsidiary, be deemed for all purposes hereof to have pro tanto assigned such Advances and
participations to such Affiliate in compliance with the provisions of Section
9.06).

                    As
soon as practicable after receiving notice from the Company or the Agent of the
Company’s intent to designate a Subsidiary as a Designated Borrower, and in any
event no later than five Business Days after the delivery of such
notice, for a Designated
Subsidiary that is organized under the laws of a jurisdiction other than of the
United States or a political subdivision thereof, any Lender that may not
legally lend to, establish credit for the account of and/or do any business
whatsoever with such Designated Subsidiary directly or through an Affiliate of
such Lender as provided in the immediately preceding paragraph (a “Protesting
Lender”) shall so notify the Company and the Agent in writing. With respect to
each Protesting Lender, the Company shall, effective on or before the date that
such Designated Subsidiary shall have the right to borrow hereunder, either (A)
notify the Agent and such Protesting Lender that the Commitments of such
Protesting Lender shall be terminated; provided that such Protesting
Lender shall have received payment of an amount equal to the outstanding
principal of its Advances and/or Letter of Credit reimbursement obligations,
accrued interest thereon, accrued fees and all other amounts payable to it
hereunder, from the assignee (to the extent of such outstanding principal and
accrued interest and fees) or the Company or the relevant Designated Subsidiary
(in the case of all other amounts), or (B) cancel its request to designate such
Subsidiary as a “Designated Subsidiary” hereunder.

                    (b)
Termination. Upon the payment and performance in full of all of the
indebtedness, liabilities and obligations under this Agreement and the Notes of
any Designated Subsidiary then, so long as at the time no Notice of Revolving
Credit Borrowing or Notice of Competitive Bid Borrowing in respect of such
Designated Subsidiary is outstanding, such Subsidiary’s status as a “Designated
Subsidiary” shall terminate upon notice to such effect from the Agent to the
Lenders (which notice the Agent shall give promptly upon its receipt of a
request therefor from the Company). Thereafter, the Lenders shall be under no further
obligation to make any Advance hereunder to such Designated Subsidiary.

85

                    SECTION
9.08. Confidentiality. Each of the Lenders and the Agent hereby agrees
that it shall not disclose any financial reports and other information from
time to time supplied to it by the Company hereunder to the extent that such
information is not and does not become publicly available and which the Company
indicates at the time is to be treated confidentially, provided, however,
that nothing herein shall affect the disclosure of any such information (i) by
the Agent to any Lender, (ii) to the extent required by law (including statute,
rule, regulation or judicial process), (iii) to counsel for any Lender or the
Agent or to their respective independent public accountants, (iv) to bank
examiners and auditors and appropriate government examining authorities or
self-regulatory bodies having or claiming oversight any Lender or its
affiliates, (v) to the Agent or any other Lender, (vi) in connection with any
litigation to which any Lender or the Agent is a party, (vii) to actual or
prospective assignees and participants as contemplated by Section 9.06(f),
(viii) to any Affiliate of the Agent or any Lender or to such Affiliate’s
officers, directors, employees, agents and advisors, provided that,
prior to any such disclosure, such Affiliate or such Affiliate’s officers,
directors, employees, agents or advisors, as the case may be, shall agree to
preserve the confidentiality of any confidential information relating to the
Company received by it or (ix) to any actual or prospective party (or its managers,
administrators, trustees, partners, directors, officers, employees, agents,
advisors and other representatives) to any swap, derivative, financial
insurance or other transaction under which payments are to be made by reference
to the Borrowers and their obligations hereunder, this Agreement or payments
hereunder; a determination by a Lender or the Agent as to the application of
the circumstances described in the foregoing clauses (i)-(viii) being
conclusive if made in good faith; and each of the Lenders and the Agent agrees
that it will follow procedures which are intended to put any transferee of such
confidential information on notice that such information is confidential. 

                    SECTION
9.09. Mitigation of Yield Protection. Each Lender hereby agrees that,
commencing as promptly as practicable after it becomes aware of the occurrence
of any event giving rise to the operation of Section 2.11(a), 2.12 or 2.14 with
respect to such Lender, such Lender will give notice thereof through the Agent
to the respective Borrower. A Borrower may at any time, by notice through the
Agent to any Lender, request that such Lender change its Applicable Lending
Office as to any Advance or Type of Advance or that it specify a new Applicable
Lending Office with respect to its Commitment and any Advance held by it or
that it rebook any such Advance with a view to avoiding or mitigating the
consequences of an occurrence such as described in the preceding sentence, and
such Lender will use reasonable efforts to comply with such request unless, in
the opinion of such Lender, such change or specification or rebooking is
inadvisable or might have an adverse effect, economic or otherwise, upon it,
including its reputation. In addition, each Lender agrees that, except for
changes or specifications or rebookings required by law or effected pursuant to
the preceding sentence, if the result of any change or change of specification
of Applicable Lending Office or rebooking would, but for this sentence, be to
impose additional costs or requirements upon the respective Borrower pursuant
to Section 2.11(a), Section 2.12 or Section 2.14 (which would not be imposed
absent such change or change of specification or rebooking) by reason of legal
or regulatory requirements in effect at the time thereof and of which such
Lender is aware at such time, then such costs or requirements shall not be
imposed upon such Borrower but shall be borne by such Lender. All expenses
incurred by any Lender in changing an Applicable Lending Office or specifying
another Applicable Lending Office of such Lender or rebooking any Advance in
response to a request from a Borrower shall be paid by such Borrower. Nothing
in this Section 9.09 (including, without limitation, any failure by a Lender to
give any notice contemplated in the first sentence hereof) shall limit, reduce
or 

86

postpone any obligations of the respective Borrower under Section
2.11(a), Section 2.12 or Section 2.14, including any obligations payable in
respect of any period prior to the date of any change or specification of a new
Applicable Lending Office or any rebooking of any Advance. 

                    SECTION
9.10. Governing Law. This Agreement and the Notes shall be governed by,
and construed in accordance with, the laws of the State of New York. 

                    SECTION
9.11. Execution in Counterparts. This Agreement may be executed in any
number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same agreement.
Delivery of an executed counterpart of a signature page to this Agreement by
telecopier shall be effective as delivery of a manually executed counterpart of
this Agreement. 

                    SECTION
9.12. Jurisdiction, Etc. (a) Each of the parties hereto hereby
irrevocably and unconditionally agrees that it will not commence any action,
litigation or proceeding of any kind or description, whether in law or equity,
whether in contract or in tort or otherwise, against the Agent, any Lender, any
Issuing Bank, or any Related Party of the foregoing in any way relating to this
Agreement or the transactions relating hereto or thereto, in any forum other
than the courts of the State of New York sitting in New York County, and of the
United States District Court of the Southern District of New York, and any
appellate court from any thereof, and each of the parties hereto irrevocably
and unconditionally submits to the jurisdiction of such courts and agrees that
all claims in respect of any such action, litigation or proceeding may be heard
and determined in such New York State court or, to the fullest extent permitted
by applicable law, in such federal court. Each Designated Subsidiary hereby
agrees that service of process in any such action or proceeding brought in the
any such New York State court or in such federal court may be made upon the
Company at its address specified in Section 9.02, and each Designated
Subsidiary hereby irrevocably appoints the Company its authorized agent to
accept such service of process, and agrees that the failure of the Company to
give any notice of any such service shall not impair or affect the validity of
such service or of any judgment rendered in any action or proceeding based
thereon. Each Borrower hereby further irrevocably consents to the service of
process in any action or proceeding in such courts by the mailing thereof by
any parties hereto by registered or certified mail, postage prepaid, to such
Borrower at its address specified pursuant to Section 9.02. Each of the parties
hereto agrees that a final judgment in any such action or proceeding shall be
conclusive and may be enforced in other jurisdictions by suit on the judgment
or in any other manner provided by law. Nothing in this Agreement shall affect
any right that any party may otherwise have to serve legal process in any other
manner permitted by law or to bring any action or proceeding relating to this
Agreement or the Notes in the courts of any jurisdiction. To the extent that
each Designated Subsidiary has or hereafter may acquire any immunity from
jurisdiction of any court or from any legal process (whether through service or
notice, attachment prior to judgment, attachment in aid of execution, execution
or otherwise) with respect to itself or its property, each Designated
Subsidiary hereby irrevocably waives such immunity in respect of its
obligations under this Agreement. 

                    (b)
Each of the parties hereto irrevocably and unconditionally waives, to the
fullest extent it may legally and effectively do so, any objection that it may
now or hereafter have to the laying of venue of any suit, action or proceeding
arising out of or relating to this Agreement 

87

or the Notes in any New York State or federal court. Each of the
parties hereto hereby irrevocably waives, to the fullest extent permitted by
law, the defense of an inconvenient forum to the maintenance of such action or
proceeding in any such court. 

                    SECTION
9.13. Substitution of Currency. If a change in any Foreign Currency
occurs pursuant to any applicable law, rule or regulation of any governmental,
monetary or multi-national authority, this Agreement (including, without
limitation, the definitions of Eurocurrency Rate and LIBO Rate) will be amended
to the extent determined by the Agent (acting reasonably and in consultation
with the Company) to be necessary to reflect the change in currency and to put
the Lenders and the Borrowers in the same position, so far as possible, that
they would have been in if no change in such Foreign Currency had occurred. 

                    SECTION
9.14. Final Agreement. This written agreement represents the full and
final agreement between the parties with respect to the matters addressed
herein and supersedes all prior communications, written or oral, with respect
thereto. There are no unwritten agreements between the parties. 

                    SECTION
9.15. Judgment. (a) If for the purposes of obtaining judgment in any
court it is necessary to convert a sum due hereunder or under the Notes in any
currency (the “Original Currency”) into another currency (the “Other
Currency”), the parties hereto agree, to the fullest extent that they may
effectively do so, that the rate of exchange used shall be that at which in
accordance with normal banking procedures the Agent could purchase the Original
Currency with the Other Currency at 9:00 A.M. (New York City time) on the first
Business Day preceding that on which final judgment is given. 

                    (b)
The obligation of each Borrower in respect of any sum due in the Original
Currency from it to any Lender or the Agent hereunder or under the Revolving
Credit Note or Revolving Credit Notes held by such Lender shall,
notwithstanding any judgment in any Other Currency, be discharged only to the
extent that on the Business Day following receipt by such Lender or the Agent
(as the case may be) of any sum adjudged to be so due in such Other Currency,
such Lender or the Agent (as the case may be) may in accordance with normal
banking procedures purchase Dollars with such Other Currency; if the amount of
Dollars so purchased is less than the sum originally due to such Lender or the
Agent (as the case may be) in the Original Currency, such Borrower agrees, as a
separate obligation and notwithstanding any such judgment, to indemnify such
Lender or the Agent (as the case may be) against such loss, and if the amount
of the Original Currency so purchased exceeds the sum originally due to any
Lender or the Agent (as the case may be) in the Original Currency, such Lender
or the Agent (as the case may be) agrees to remit to such Borrower such excess.

                    SECTION
9.16. No Liability of the Issuing Banks. None of the Agent, the Lenders
nor any Issuing Bank, nor any of their Affiliates, or the respective directors,
officers, employees, agents and advisors of such Person or such Affiliate,
shall have any liability or responsibility by reason of or in connection with
the issuance or transfer of any Letter of Credit or any payment or failure to
make any payment thereunder, or any error, omission, interruption, loss or
delay in transmission or delivery of any draft, notice or other communication
under or relating to any Letter of Credit (including any document required to
make a drawing thereunder), any error in interpretation of technical terms or
any consequence arising from causes beyond the control of the 

88

applicable Issuing Bank; provided that the foregoing shall not
be construed to excuse any Issuing Bank from liability to the applicable
Borrower to the extent of any direct damages (as opposed to consequential
damages, claims in respect of which are hereby waived by the Borrowers to the
extent permitted by applicable law) suffered by such Borrower that are caused
by such Issuing Bank’s failure to exercise care when determining whether drafts
and other documents presented under a Letter of Credit comply with the terms
thereof or any failure to honor a Letter of Credit where such Issuing Bank is,
under applicable law, required to honor it. The parties hereto expressly agree
that, as long as the Issuing Bank has not acted with gross negligence or
willful misconduct, such Issuing Bank shall be deemed to have exercised care in
each such determination. In furtherance of the foregoing and without limiting
the generality thereof, the parties agree that, with respect to documents
presented which appear on their face to be in substantial compliance with the
terms of a Letter of Credit, an Issuing Bank may, in its reasonable discretion,
either accept and make payment upon such documents without responsibility for
further investigation or refuse to accept and make payment upon such documents
if such documents are not in strict compliance with the terms of such Letter of
Credit. 

                    SECTION
9.17. Patriot Act Notice. Each Lender hereby notifies the Company that
pursuant to the requirements of the USA Patriot Act (Title III of Pub. L.
107-56 (signed into law October 26, 2001)) (the “Act”), it is required to
obtain, verify and record information that identifies each borrower, guarantor
or grantor (the “Loan Parties”), which information includes the name and
address of each Loan Party and other information that will allow such Lender to
identify such Loan Party in accordance with the Act. 

                    SECTION
9.18. License Agreement and CDS Data. 

                    (a)
The Agent hereby notifies the Company and the Lenders that it has entered into
a licensing agreement (the “Licensing Agreement”) with Markit, pursuant
to which Markit will provide to the Agent for each Business Day a composite end
of day credit default swap spread for the five (5) year credit default swap
spread of the Company (the “CDS Data”) that the Agent will use to
determine the Credit Default Swap Spread. The Agent hereby further notifies the
Company and the Lenders that, pursuant to the Licensing Agreement, (i) the CDS
Data will be provided by Markit on an “as is” basis, without express or implied
warranty as to accuracy, completeness, title, merchantability or fitness for a
particular purpose, (ii) Markit has no liability to the Agent for any
inaccuracies, errors or omissions in the CDS Data, except in the event of its
gross negligence, fraud or willful misconduct, (iii) the CDS Data, as provided
by Markit, constitutes confidential information (and each Lender agrees to
treat such information in confidence to the same extent and in the same manner
as such Bank is required to hold confidential information pursuant to Section
9.08 hereof), (iv) the CDS Data, as provided by Markit, may be used by the
Agent, the Company and the Lenders solely for the purposes of this Agreement
and (v) Markit and the Agent, except in each case in the event of its gross
negligence, fraud or willful misconduct, shall have no liability whatsoever to
either the Company or any Lender or any client of a Lender, whether in
contract, in tort, under a warranty, under statute or otherwise, in respect of
any loss or damage suffered by the Company, such Lender or client as a result
of or in connection with any opinions, recommendations, forecasts, judgments or
any other conclusions, or any course of action determined, by such Lender or
any client of such Lender based on the CDS Data. Each of the Company and the
Lenders (other than Citibank, N.A., in its capacity as the Agent, which is a
party 

89

thereto) agrees that it shall not be a third party beneficiary of the
Licensing Agreement and shall have no rights or obligations thereunder. 

                    (b)
The CDS Data shall be made available to the Company pursuant to procedures
agreed upon by the Company and the Agent, including procedures that permit
uninterrupted, online access. The Company agrees that it will use reasonable
efforts (e.g., procedures substantially comparable to those applied by the
Company in respect of non-public information as to the business of the Company)
to keep confidential the CDS Data and the related materials provided by Markit
pursuant to the Licensing Agreement to the extent that the same is not and does
not become publicly available. 

                    (c)
It is understood and agreed that in the event of a breach of confidentiality,
damages may not be an adequate remedy and that the Licensing Agreement provides
that Markit shall be entitled to injunctive relief to restrain any such breach,
threatened or actual. 

                    (d)
The Company acknowledges that each of the Agent and the Lenders from time to
time may conduct business with and may be a shareholder of Markit and that each
of the Agent and the Lenders may have from time to time the right to appoint
one or more directors to the board of directors of Markit. 

                    (e)
Notwithstanding the foregoing, the Agent hereby represents and warrants to the
Company that the Agent has the express authority under the Licensing Agreement
to provide the CDS Data and the related materials provided from time to time by
Markit to the Company. 

                    SECTION
9.19. No Fiduciary Duty. Each Borrower acknowledges that the Agent, each
Lender and their respective Affiliates (collectively, solely for purposes of
this paragraph, the “Lender Parties”), each is acting pursuant to a
contractual relationship on an arm’s length basis, and the parties hereto do
not intend that any Lender Party act or be responsible as a fiduciary to any
Borrower, its management, stockholders, creditors or any other person. Each
Borrower and each Lender Party hereby expressly disclaims any fiduciary relationship
and agrees they are each responsible for making their own independent judgments
with respect to any transactions entered into between them. Each Borrower also
hereby acknowledges that no Lender Party has advised nor is advising such
Borrower as to any legal, accounting, regulatory or tax matters, and that such
Borrower is consulting its own advisors concerning such matters to the extent
it deems appropriate. 

90

                    SECTION
9.20. Waiver of Jury Trial. Each Borrower, the Agent and each Lender
hereby irrevocably waive all right to trial by jury in any action, proceeding
or counterclaim (whether based on contract, tort or otherwise) arising out of
or relating to this Agreement or the Notes or the actions of the Agent or any
Lender in the negotiation, administration, performance or enforcement thereof. 

                    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
above written. 

	
  

 	
  

 	
  

 
	
  

 	
 HONEYWELL
 INTERNATIONAL INC.

 
	
  

 	
  

 	
  

 
	
  

 	
 By: 

 	
 /s/ John J.
 Tus

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: John
 J. Tus

 
	
  

 	
 Title: Vice
 President and Treasurer

 
	
  

 	
  

 	
  

 
	
  

 	
 CITIBANK,
 N.A., as Agent

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Carolyn
 Kee

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Carolyn
 Kee

 
	
  

 	
 Title: Vice
 President

 
	
  

 	
  

 	
  

 
	
 LETTER OF
 CREDIT COMMITMENT

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
 $166,666,667

 	
 CITIBANK,
 N.A.

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Carolyn
 Kee

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Carolyn
 Kee

 
	
  

 	
 Title: Vice
 President

 
	
  

 	
  

 	
  

 
	
 $166,666,666

 	
 BANK OF
 AMERICA, N.A.

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ George
 Hlentzas

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: George
 Hlentzas

 
	
  

 	
 Title: Vice
 President

 
	
  

 	
  

 	
  

 
	
 $166,666,667

 	
 JPMORGAN
 CHASE BANK, N.A.

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Richard
 W. Duker

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Richard
 W. Duker

 
	
  

 	
 Title: Managing
 Director

 
	
  

 	
  

 	
  

 
	
 $500,000,000
 TOTAL OF LETTER OF CREDIT COMMITMENTS

 

91

	
  

 	
  

 	
  

 
	
 REVOLVING
 CREDIT COMMITMENT

 	
 ARRANGER AND
 ADMINISTRATIVE AGENT

 
	
  

 	
  

 	
  

 
	
 $215,000,000

 	
 CITIBANK,
 N.A.

 
	
  

 	
  

 	
  

 
	
  

 	
 By: 

 	
 /s/ Carolyn
 Kee

 
	
  

 	
  

 	

 

 
	
  

 	
 Name:
 Carolyn Kee

 
	
  

 	
 Title: Vice
 President

 
	
  

 	
  

 	
  

 
	
  

 	
 ARRANGER AND
 SYNDICATION AGENT

 
	
  

 	
  

 	
  

 
	
 $215,000,000

 	
 JPMORGAN
 CHASE BANK, N.A.

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Richard
 W. Duker

 
	
  

 	
  

 	

 

 
	
  

 	
 Name:
 Richard W. Duker

 
	
  

 	
 Title: Managing
 Director

 
	
  

 	
  

 	
  

 
	
  

 	
 DOCUMENTATION
 AGENTS

 
	
  

 	
  

 	
  

 
	
 $160,000,000

 	
 BANK OF
 AMERICA, N.A.

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ George
 Hlentzas

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: George
 Hlentzas

 
	
  

 	
 Title: Vice
 President

 
	
  

 	
  

 	
  

 
	
 $160,000,000

 	
 BARCLAYS
 BANK PLC

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Michael
 J. Mozer

 
	
  

 	
  

 	

 

 
	
  

 	
 Name:
 Michael J. Mozer

 
	
  

 	
 Title: Vice
 President

 
	
  

 	
  

 	
  

 
	
 $160,000,000

 	
 DEUTSCHE
 BANK AG NEW YORK BRANCH

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/
 Frederick W. Laird

 
	
  

 	
  

 	

 

 
	
  

 	
 Name:
 Frederick W. Laird

 
	
  

 	
 Title: Managing
 Director

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Edward
 D. Herko

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Edward
 D. Herko

 
	
  

 	
 Title: Director

 

92

	
  

 	
  

 	
  

 
	
 $160,000,000

 	
 GOLDMAN
 SACHS BANK USA

 
	
  

 	
  

 	
  

 
	
  

 	
 By: 

 	
 /s/ Mark
 Walton

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Mark
 Walton

 
	
  

 	
 Title:
 Authorized Signatory

 
	
  

 	
  

 	
  

 
	
 $160,000,000

 	
 THE ROYAL
 BANK OF SCOTLAND PLC

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ L. Peter
 Yetman

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: L.
 Peter Yetman

 
	
  

 	
 Title:
 Director

 
	
  

 	
  

 	
  

 
	
 $90,000,000

 	
 THE BANK OF
 TOKYO-MITSUBISHI UFJ, LTD.

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Brian
 McNany

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Brian
 McNany

 
	
  

 	
 Title:
 Authorized Signatory

 
	
  

 	
  

 	
  

 
	
 $70,000,000

 	
 MORGAN
 STANLEY BANK, N.A.

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Brian
 McNany

 
	
  

 	
  

 	

 

 
	
  

 	
 Name:
 Sherrese Clarke

 
	
  

 	
 Title:
 Authorized Signatory

 
	
  

 	
  

 	
  

 
	
  

 	
 LENDERS

 
	
  

 	
  

 	
  

 
	
 $100,000,000

 	
 BNP PARIBAS

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Rick
 Pace

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Rick
 Pace

 
	
  

 	
 Title:
 Managing Director

 
	
  

 	
  

 	
  

 
	
  

 	
 By: 

 	
 /s/
 Berangere Allen

 
	
  

 	
  

 	

 

 
	
  

 	
 Name:
 Berangere Allen

 
	
  

 	
 Title:
 Director

 
	
  

 	
  

 	
  

 
	
 $100,000,000

 	
 BANCO BILBAO
 VIZCAYA ARGENTARIA

 
	
  

 	
 S.A., NEW
 YORK BRANCH

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Eduardo
 Cutrim

 
	
  

 	
  

 	

 

 
	
  

 	
 Name:
 Eduardo Cutrim

 
	
  

 	
 Title:
 Industry Head

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/
 Guilherme Gobbo

 
	
  

 	
  

 	

 

 
	
  

 	
 Name:
 Guilherme Gobbo

 
	
  

 	
 Title: Vice
 President

 

93

	
  

 	
  

 	
  

 
	
 $100,000,000

 	
 HSBC BANK
 USA, NATIONAL ASSOCIATION

 
	
  

 	
  

 	
  

 
	
  

 	
 By: 

 	
 /s/ Paul L.
 Hatton

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Paul
 L. Hatton

 
	
  

 	
 Title:
 Managing Director

 
	
  

 	
  

 	
  

 
	
 $100,000,000

 	
 INTESA
 SANPAOLO S.P.A., NEW YORK BRANCH

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ John J.
 Michalisin

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: John
 J. Michalisin

 
	
  

 	
 Title: First
 Vice President

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Frank
 Maffei

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Frank
 Maffei

 
	
  

 	
 Title: Vice
 President

 
	
  

 	
  

 	
  

 
	
 $100,000,000

 	
 MIZUHO
 CORPORATE BANK, LTD.

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Robert
 Gallagher

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Robert
 Gallagher

 
	
  

 	
 Title:
 Authorized Signatory

 
	
  

 	
  

 	
  

 
	
 $100,000,000

 	
 ROYAL BANK
 OF CANADA

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Scott
 Umbs

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Scott
 Umbs

 
	
  

 	
 Title:
 Authorized Signatory

 
	
  

 	
  

 	
  

 
	
 $100,000,000

 	
 SOCIETE
 GENERALE

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Ambrish
 Thanawala

 
	
  

 	
  

 	

 

 
	
  

 	
 Name:
 Ambrish Thanawala

 
	
  

 	
 Title:
 Managing Director

 
	
  

 	
  

 	
  

 
	
 $80,000,000

 	
 THE BANK OF
 NEW YORK MELLON

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Kenneth
 P. Sneider, Jr.

 
	
  

 	
  

 	

 

 
	
  

 	
 Name:
 Kenneth P. Sneider, Jr.

 
	
  

 	
 Title:
 Managing Director

 
	
  

 	
  

 	
  

 
	
 $80,000,000

 	
 THE NORTHERN
 TRUST COMPANY

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Peter J.
 Hallan

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Peter
 J. Hallan

 
	
  

 	
 Title: Vice
 President

 

94

	
  

 	
  

 	
  

 
	
 $50,000,000

 	
 CREDIT
 AGRICOLE CORPORATE & INVESTMENT BANK

 
	
  

 	
  

 	
  

 
	
  

 	
 By: 

 	
 /s/ Pamela
 Donnelly

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Pamela
 Donnelly

 
	
  

 	
 Title:
 Managing Director

 
	
  

 	
  

 	
  

 
	
  

 	
 By: 

 	
 /s/ Yuri
 Muzichenko

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Yuri
 Muzichenko

 
	
  

 	
 Title:
 Director

 
	
  

 	
  

 	
  

 
	
 $50,000,000

 	
 DANSKE BANK
 A/S

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Jacob
 Ehlerth Jorgensen

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Jacob
 Ehlerth Jorgensen

 
	
  

 	
 Title:
 Senior Legal Advisor

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Jacob
 Ehlerth Jorgensen

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Henrik
 Ibsen

 
	
  

 	
 Title: First
 Vice President

 
	
  

 	
  

 	
  

 
	
 $50,000,000

 	
 DBS BANK
 LTD., LOS ANGELES AGENCY

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Aik Lim
 Kok

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Aik
 Lim Kok

 
	
  

 	
 Title:
 Assistant General Manager

 
	
  

 	
  

 	
  

 
	
 $50,000,000

 	
 DNB NOR BANK
 ASA

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Phil
 Kurpiewski

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Phil
 Kurpiewski

 
	
  

 	
 Title:
 Senior Vice President

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Thomas
 Tangen

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Thomas
 Tangen

 
	
  

 	
 Title:
 Senior Vice President

 
	
  

 	
  

 	
  

 
	
 $50,000,000

 	
 SOVEREIGN
 BANK

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ David
 Hobert

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: David
 Hobert

 
	
  

 	
 Title:
 Senior Vice President

 
	
  

 	
  

 	
  

 
	
 $50,000,000

 	
 STANDARD
 CHARTERED BANK

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ James H.
 Ramage

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: James
 H. Ramage

 
	
  

 	
 Title:
 Managing Director

 

95

	
  

 	
  

 	
  

 
	
  

 	
 By: 

 	
 /s/ Robert
 K. Reddington

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Robert
 K. Reddington

 
	
  

 	
 Title:
 Credit Documentation Manager

 
	
  

 	
 Credit
 Documentation Unit, WB Legal-Americas

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
 $50,000,000

 	
 SUMITOMO
 MITSUI BANKING CORPORATION

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ William
 M. Ginn

 
	
  

 	
  

 	

 

 
	
  

 	
 Name:
 William M. Ginn

 
	
  

 	
 Title:
 Executive Director

 
	
  

 	
  

 	
  

 
	
 $50,000,000

 	
 U.S. BANK
 NATIONAL ASSOCIATION

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Michael
 P. Dickman

 
	
  

 	
  

 	

 

 
	
  

 	
 Name:
 Michael P. Dickman

 
	
  

 	
 Title: Vice
 President

 
	
  

 	
  

 	
  

 
	
 $50,000,000

 	
 UNICREDIT
 BANK AG, NEW YORK BRANCH

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Ken
 Hamilton

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Ken
 Hamilton

 
	
  

 	
 Title:
 Director

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Richard
 Cordover

 
	
  

 	
  

 	

 

 
	
  

 	
 Name:
 Richard Cordover

 
	
  

 	
 Title:
 Director

 
	
  

 	
  

 	
  

 
	
 $50,000,000

 	
 WELLS FARGO
 BANK, NATIONAL ASSOCIATION

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ James
 Travagline

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: James
 Travagline

 
	
  

 	
 Title:
 Director

 
	
  

 	
  

 	
  

 
	
 $50,000,000

 	
 WESTPAC
 BANKING CORPORATION

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Henrik
 Jensen

 
	
  

 	
  

 	

 

 
	
  

 	
 Name: Henrik
 Jensen

 
	
  

 	
 Title:
 Director Corporate & Institutional Banking

 
	
  

 	
  

 	
  

 
	
 $2,800,000,000     TOTAL
 OF COMMITMENTS

 

96

SCHEDULE I

APPLICABLE LENDING OFFICES

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 NAME OF INITIAL LENDER

 	
  

 	
 DOMESTIC LENDING OFFICE

 	
  

 	
 EURODOLLAR LENDING OFFICE

 
	

 

 	
  

 	

 

 	
  

 	

 

 
	
 Banco Bilbao Vizcaya
 Argentaria S.A., New York Branch

 	
  

 	
 1345 Avenue of the
 Americas

 45th Floor

 New York, NY 10105

 Attn: Angel Luis Rivera

 Phone: (212) 728-1733

 Fax: (212) 333-2926

 	
  

 	
 1345 Avenue of the
 Americas

 45th Floor

 New York, NY 10105

 Attn: Angel Luis Rivera

 Phone: (212) 728-1733

 Fax: (212) 333-2926

 
	
 Bank of America, N.A.

 	
  

 	
 2001 Clayton Road

 Concord, CA 94520

 Attn: Shilpi Bajaj

 Phone: (415) 436-3685 ext. 66688

 Fax: (312) 453-5537

 	
  

 	
 2001 Clayton Road

 Concord, CA 94520

 Attn: Shilpi Bajaj

 Phone: (415) 436-3685 ext. 66688

 Fax: (312) 453-5537

 
	
 The Bank of New York
 Mellon

 	
  

 	
 One Wall Street

 New York, NY 10286

 Attn: Amanda VanScooter

 Phone: (315) 765-4382

 Fax: (315) 765-4783

 	
  

 	
 One Wall Street

 New York, NY 10286

 Attn: Amanda VanScooter

 Phone: (315) 765-4382

 Fax: (315) 765-4783

 
	
 The Bank of
 Tokyo-Mitsubishi UFJ Ltd., New York Branch

 	
  

 	
 1251 Avenue of the
 Americas

 New York, NY 10020

 Attn: Jaime Velez

 Phone: (201) 413-8586

 Fax: (201) 521-2304 / 2305

 	
  

 	
 1251 Avenue of the
 Americas

 New York, NY 10020

 Attn: Jaime Velez

 Phone: (201) 413-8586

 Fax: (201) 521-2304 / 2305

 
	
 Barclays Bank PLC

 	
  

 	
 745 Seventh Avenue

 New York, NY 10019

 Attn: Adam Stewart

 Phone: (201) 499-3220

 Fax: (212) 412-7401

 	
  

 	
 745 Seventh Avenue

 New York, NY 10019

 Attn: Adam Stewart

 Phone: (201) 499-3220

 Fax: (212) 412-7401

 
	
 BNP Paribas

 	
  

 	
 787 Seventh Avenue

 New York, NY 10019

 Attn: Karl Anderson

 Phone: (212) 850-6602

 Fax: (201) 850-4013

 	
  

 	
 787 Seventh Avenue

 New York, NY 10019

 Attn: Karl Anderson

 Phone: (212) 850-6602

 Fax: (201) 850-4013

 
	
 Citibank, N.A.

 	
  

 	
 388 Greenwich Street

 New York, NY 10013

 Attn: Brian Reed

 Phone: (212) 816-8514

 Fax: (212) 816-8063

 	
  

 	
 388 Greenwich Street

 New York, NY 10013

 Attn: Brian Reed

 Phone: (212) 816-8514

 Fax: (212) 816-8063

 
	
 Credit Agricole Corporate
 and Investment Bank

 	
  

 	
 1301 Avenue of the
 Americas

 New York, NY 10019

 Attn: Tony Mau

 Phone: (732) 590-7635

 Fax: (917) 849-5439

 	
  

 	
 1301 Avenue of the
 Americas

 New York, NY 10019

 Attn: Tony Mau

 Phone: (732) 590-7635

 Fax: (917) 849-5439

 

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Danske Bank A/S

 	
  

 	
 2-12 Holmens Kanal

 DK-1092 Copenhagen K

 Denmark

 Attn: Loan Administration (3925)

 Phone: +45 45 14 56 56

 Fax: +45 45 14 99 78 /

 +45 45 14 99 79

 	
  

 	
 2-12 Holmens Kanal

 DK-1092 Copenhagen K

 Denmark

 Attn: Loan Administration (3925)

 Phone: +45 45 14 56 56

 Fax: +45 45 14 99 78 /

 +45 45 14 99 79

 
	
 DBS Bank Ltd., Los Angeles
 Agency

 	
  

 	
 725 South Figueroa Street,
 Ste 2000

 Los Angeles, CA 90017

 Attn: Nancy Chu

 Phone: (213) 627-0222 ext. 1612

 Fax: (213) 627-0228

 	
  

 	
 725 South Figueroa Street,
 Ste 2000

 Los Angeles, CA 90017

 Attn: Nancy Chu

 Phone: (213) 627-0222 ext. 1612

 Fax: (213) 627-0228

 
	
 Deutsche Bank AG New York
 Branch

 	
  

 	
 60 Wall Street

 New York, NY 10005

 Attn: Lee Joyner

 Phone: (904) 527-6438

 Fax: (866) 240-3622

 	
  

 	
 60 Wall Street

 New York, NY 10005

 Attn: Lee Joyner

 Phone: (904) 527-6438

 Fax: (866) 240-3622

 
	
 DNB NOR Bank ASA

 	
  

 	
 200 Park Avenue, 31st
 Floor

 New York, NY 10166

 Attn: Marybelle Ortiz

 Phone: (212) 681-3848

 Fax: (212) 681-4123

 	
  

 	
 200 Park Avenue, 31st
 Floor

 New York, NY 10166

 Attn: Marybelle Ortiz

 Phone: (212) 681-3848

 Fax: (212) 681-4123

 
	
 Goldman Sachs Bank USA

 	
  

 	
 200 West Street

 New York, NY 10282

 Attn: Operations Contact

 Phone: (212) 902-1099

 Fax: (917) 977-3966

 	
  

 	
 200 West Street

 New York, NY 10282

 Attn: Operations Contact

 Phone: (212) 902-1099

 Fax: (917) 977-3966

 
	
 HSBC Bank USA, National
 Association

 	
  

 	
 425 Fifth Avenue

 New York, NY 10018

 Attn: Shoba Rani

 Phone: (716) 841-6216

 Fax: (917) 229-0974

 	
  

 	
 425 Fifth Avenue

 New York, NY 10018

 Attn: Shoba Rani

 Phone: (716) 841-6216

 Fax: (917) 229-0974

 
	
 Intesa Sanpaolo S.p.A.,
 New York Branch

 	
  

 	
 1 William Street

 New York, NY 10004

 Attn: Alex Papace

 Phone: (212) 607-3531

 Fax: (212) 607-3897

 	
  

 	
 1 William Street

 New York, NY 10004

 Attn: Alex Papace

 Phone: (212) 607-3531

 Fax: (212) 607-3897

 
	
 JPMorgan Chase Bank, N.A.

 	
  

 	
 500 Stanton Christiana
 Road

 Ops 2, 3rd Floor

 Newark, DE 19713

 Attn: Nicole Mangiaracina

 Phone: (302) 634-2022

 Fax: (201) 244-3885

 	
  

 	
 500 Stanton Christiana
 Road

 Ops 2, 3rd Floor

 Newark, DE 19713

 Attn: Nicole Mangiaracina

 Phone: (302) 634-2022

 Fax: (201) 244-3885

 
	
 Mizuho Corporate Bank,
 Ltd.

 	
  

 	
 1251 Avenue of the
 Americas

 New York, NY 10020

 Attn: Maxine Bunbury

 Phone: (201) 626-9139

 Fax: (201) 626-9941

 	
  

 	
 1251 Avenue of the
 Americas

 New York, NY 10020

 Attn: Maxine Bunbury

 Phone: (201) 626-9139

 Fax: (201) 626-9941

 

2

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Morgan Stanley Bank, N.A.

 	
  

 	
 One Utah Center

 201 South Main Street, 5th Floor

 Salt Lake City, Utah 84111

 Attn: Morgan Stanley Loan

 Servicing

 Phone: (443) 627-4355

 Fax: (718) 233-2140

 	
  

 	
 One Utah Center

 201 South Main Street, 5th Floor

 Salt Lake City, Utah 84111

 Attn: Morgan Stanley Loan

 Servicing

 Phone: (443) 627-4355

 Fax: (718) 233-2140

 
	
 The Northern Trust Company

 	
  

 	
 50 S. LaSalle Street

 Chicago, IL 60675

 Attn: Sharon Jackson

 Phone: (312) 630-1609

 Fax: (312) 630-1566

 	
  

 	
 50 S. LaSalle Street

 Chicago, IL 60675

 Attn: Sharon Jackson

 Phone: (312) 630-1609

 Fax: (312) 630-1566

 
	
 Royal Bank of Canada

 	
  

 	
 3 World Financial Center

 200 Vesey Street, 12th Floor

 New York, NY 10281

 Attn: Khai Duong /

 Sary Say

 Phone: (416) 955-6678

 Fax: (212) 428-2372

 	
  

 	
 3 World Financial Center

 200 Vesey Street, 12th Floor

 New York, NY 10281

 Attn: Khai Duong /

 Sary Say

 Phone: (416) 955-6678

 Fax: (212) 428-2372

 
	
 The Royal Bank of Scotland
 plc

 	
  

 	
 600 Washington Boulevard

 Stamford, CT 06901

 Attn: Javied Basha

 Phone: (203) 897-4431

 Fax: (203) 873-5019

 	
  

 	
 600 Washington Boulevard

 Stamford, CT 06901

 Attn: Javied Basha

 Phone: (203) 897-4431

 Fax: (203) 873-5019

 
	
 Societe Generale

 	
  

 	
 1221 Avenue of the
 Americas

 New York, NY 10020

 Attn: Annette Megargel

 Phone: (201) 839-8450

 Fax: (201) 839-8115

 	
  

 	
 1221 Avenue of the
 Americas

 New York, NY 10020

 Attn: Annette Megargel

 Phone: (201) 839-8450

 Fax: (201) 839-8115

 
	
 Sovereign Bank

 	
  

 	
 73 State Street, 5th
 Floor

 Boston, MA 02109

 Attn: Deb Santiago

 Phone: (610) 988-1960

 Fax: (484) 338-2831

 	
  

 	
 73 State Street, 5th
 Floor

 Boston, MA 02109

 Attn: Deb Santiago

 Phone: (610) 988-1960

 Fax: (484) 338-2831

 
	
 Standard Chartered Bank

 	
  

 	
 One Madison Avenue

 3rd Floor

 New York, NY 10010

 Attn: Victoria Faltine

 Phone: (201) 706-5311

 Fax: (201) 706-6722

 	
  

 	
 One Madison Avenue

 3rd Floor

 New York, NY 10010

 Attn: Victoria Faltine

 Phone: (201) 706-5311

 Fax: (201) 706-6722

 
	
 Sumitomo Mitsui Banking
 Corporation

 	
  

 	
 277 Park Avenue

 New York, NY 10172

 Attn: Yvette Browne

 Phone: (212) 224-4306

 Fax: (212) 224-5197

 	
  

 	
 277 Park Avenue

 New York, NY 10172

 Attn: Yvette Browne

 Phone: (212) 224-4306

 Fax: (212) 224-5197

 
	
 Wells Fargo Bank, National
 Association

 	
  

 	
 1 South Broad Street, 8th
 Floor

 Philadelphia, PA 19107

 Attn: Tanya Ivie

 Phone: (303) 863-6102

 Fax: (303) 863-2729

 	
  

 	
 1 South Broad Street, 8th
 Floor

 Philadelphia, PA 19107

 Attn: Tanya Ivie

 Phone: (303) 863-6102

 Fax: (303) 863-2729

 

3

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 U.S. Bank National
 Association

 	
  

 	
 425 Walnut Street, 8th
 Floor

 ML CN-OH-W8

 Cincinnati, OH 45202

 Attn: Wendee Hable

 Phone: (920) 237-7367

 Fax: (920) 237-7993

 	
  

 	
 425 Walnut Street, 8th
 Floor

 ML CN-OH-W8

 Cincinnati, OH 45202

 Attn: Wendee Hable

 Phone: (920) 237-7367

 Fax: (920) 237-7993

 
	
 Unicredit Bank AG, New
 York Branch

 	
  

 	
 150 East 42nd
 Street

 New York, NY 10017

 Attn: Gary Poole

 Phone: +44 20 7826 1235

 Fax: +44 20 7826 1122

 	
  

 	
 150 East 42nd
 Street

 New York, NY 10017

 Attn: Gary Poole

 Phone: +44 20 7826 1235

 Fax: +44 20 7826 1122

 
	
 Westpac Banking
 Corporation

 	
  

 	
 575 Fifth Avenue, 39th
 Floor

 New York, NY 10017

 Attn: GMO Nightshift Operations

 Phone: + 61 2 9806 4022

 Fax: + 44 207 621 7608

 	
  

 	
 575 Fifth Avenue, 39th
 Floor

 New York, NY 10017

 Attn: GMO Nightshift Operations

 Phone: + 61 2 9806 4022

 Fax: + 44 207 621 7608

 

4

SCHEDULE II

SWING LINE COMMITMENTS

	
  

 	
  

 	
  

 
	
 SWING LINE BANK

 	
  

 	
 SWING LINE COMMITMENT

 
	

  

 	

  

 	

  

 
	
 Citibank, N.A.

 	
  

 	
 EUR 100,000,000

 
	

  

 	

  

 	

  

 
	
 JPMorgan Chase Bank, N.A.

 	
  

 	
 EUR 100,000,000

 
	

  

 	

  

 	

  

 
	
 Total:

 	
  

 	
 EUR 200,000,000

 
	

  

 	

  

 	

  

 

SCHEDULE III
CALCULATION OF THE MANDATORY COST

	
  

 	
  

 	
  

 
	
 1.

 	
 General 

 
	
  

 	
  

 
	
  

 	
 The
 Mandatory Cost is the weighted average of the rates for each Lender
 calculated below by the Swing Line Agent on the first day of an Interest
 Period. The Swing Line Agent must distribute each amount of Mandatory Cost
 among the Lenders on the basis of the rate for each Lender. 

 
	
  

 	
  

 
	
 2.

 	
 For a Lender lending from an Applicable Lending Office in the U.K. 

 
	
  

 	
  

 
	
 (a)

 	
 The relevant
 rate for a Lender lending from an Applicable Lending Office in the U.K. is
 calculated in accordance with the following formula: 

 

	
  

 	
  

 	
  

 
	
  

 	
 A x 0.01

 	
 per cent.
 per annum

 
	
  

 	

 

 	
  

 
	
  

 	
 300

 	
  

 

	
  

 	
  

 	
  

 
	
  

 	
 where on the
 day of application of the formula: 

 
	
  

 	
  

 
	
  

 	
 A

 	
 is the
 charge payable by each Lender to the Financial Services Authority under the
 fees regulations (but, for this purpose, ignoring any minimum fee required
 under the fees regulations) and expressed in pounds per £1 million of the fee
 base of that Lender. 

 
	
  

 	
  

 	
  

 
	
 (b)

 	
 For the
 purposes of this paragraph 2: 

 
	
  

 	
  

 
	
  

 	
 (i)

 	
 “fee base”
 has the meaning given to it in the fees regulations; and 

 
	
  

 	
  

 	
  

 
	
  

 	
 (ii)

 	
 “fees
 regulations” means The Financial Services Banking Supervision (Fees)
 Regulations 2001. 

 
	
  

 	
  

 	
  

 
	
 (c)

 	
 Each rate
 calculated in accordance with a formula is, if necessary, rounded upward to
 four decimal places. 

 
	
  

 	
  

 
	
 (d)

 	
 (i)

 	
 Each Lender
 must supply to the Swing Line Agent the information required by it to make a
 calculation of the rate for that Lender. The Swing Line Agent may assume that
 this information is correct in all respects. 

 
	
  

 	
  

 	
  

 
	
  

 	
 (ii)

 	
 If a Lender
 fails to do so, the Swing Line Agent may assume that the Lender’s obligations
 in respect of the fees regulations are the same as those of a typical bank
 from its jurisdiction of incorporation with an Applicable Lending Office in
 the same jurisdiction as an Applicable Lending Office. 

 
	
  

 	
  

 	
  

 
	
  

 	
 (iii)

 	
 The Swing
 Line Agent has no liability to any party to the Agreement if its calculation
 over or under compensates any Lender. 

 

	
  

 	
  

 	
  

 
	
 3.

 	
 For a Lender lending from an Applicable Lending Office in a
 Participating Member State 

 
	
  

 	
  

 
	
 (a)

 	
 The relevant
 rate for a Lender lending from an Applicable Lending Office in a
 Participating Member State is the percentage rate per annum notified by that
 Lender to the Swing Line Agent as its cost (if any) of complying with the
 minimum reserve requirements of the European Central Bank. 

 
	
  

 	
  

 
	
 (b)

 	
 If a Lender
 fails to specify a rate under paragraph (a) above, the Swing Line Agent will
 assume that the Lender has not incurred any such cost. 

 
	
  

 	
  

 
	
 4.

 	
 Changes 

 
	
  

 	
  

 
	
  

 	
 The Swing
 Line Agent may, after consultation with the Company and the Lenders, notify
 all the parties to the Agreement of any amendment to this Schedule which is
 required to reflect: 

 
	
  

 	
  

 
	
  

 	
 (a)

 	
 any change
 in law or regulation of the United Kingdom or the European Union relating to
 a cost of the type referred to in this Schedule; or 

 
	
  

 	
  

 	
  

 
	
  

 	
 (b)

 	
 any
 requirement imposed by the Bank of England, the Financial Services Authority
 or the European Central Bank (or, in any case, any successor authority). 

 
	
  

 	
  

 	
  

 
	
  

 	
 Any
 notification will be, in the absence of manifest error, conclusive and
 binding on all the parties to the Agreement. 

 

2

SCHEDULE 2.01(b) 

EXISTING LETTERS OF CREDIT 

NONE

EXHIBIT A-1 - FORM OF 

REVOLVING CREDIT 

PROMISSORY NOTE

	
  

 	
  

 
	
  

 	
 Dated:
 _______________, 201_ 

 

                    FOR
VALUE RECEIVED, the undersigned, [NAME OF BORROWER], a
_________________________ corporation (the “Borrower”), HEREBY PROMISES
TO PAY to the order of _________________________ (the “Lender”) for the
account of its Applicable Lending Office on the Termination Date (each as
defined in the Credit Agreement referred to below) the aggregate principal
amount of the Revolving Credit Advances made by the Lender to the Borrower
pursuant to the Five Year Credit Agreement dated as of March 31, 2011, among
Honeywell International Inc., the Lender and certain other lenders parties
thereto, and Citibank, N.A., as Agent for the Lender and such other lenders (as
amended or modified from time to time, the “Credit Agreement”; the terms
defined therein being used herein as therein defined) outstanding on such date.

                    The
Borrower promises to pay interest on the unpaid principal amount of each
Revolving Credit Advance from the date of such Revolving Credit Advance until
such principal amount is paid in full, at such interest rates, and payable at
such times, as are specified in the Credit Agreement. 

                    Both
principal and interest in respect of each Revolving Credit Advance (i) in
Dollars are payable in lawful money of the United States of America to
Citibank, N.A., as Agent, at 388 Greenwich Street, New York, New York, 10013,
in same day funds and (ii) in any Major Currency are payable in such currency
at the applicable Payment Office in same day funds. Each Revolving Credit
Advance owing to the Lender by the Borrower pursuant to the Credit Agreement,
and all payments made on account of principal thereof, shall be recorded by the
Lender and, prior to any transfer hereof, endorsed on the grid attached hereto
which is part of this Promissory Note. 

                    This
Promissory Note is one of the Revolving Credit Notes referred to in, and is
entitled to the benefits of, the Credit Agreement. The Credit Agreement, among
other things, (i) provides for the making of Revolving Credit Advances by the
Lender to the Borrower from time to time in an aggregate amount not to exceed
at any time outstanding the Dollar amount first above mentioned or the
Equivalent thereof in one or more Major Currencies, the indebtedness of the
Borrower resulting from each such Revolving Credit Advance being evidenced by
this Promissory Note, (ii) contains provisions for determining the Dollar
Equivalent of Revolving Credit Advances denominated in Major Currencies and
(iii) contains provisions for acceleration of the maturity hereof upon the
happening of certain stated events and also for prepayments on account of
principal hereof prior to the maturity hereof upon the terms and conditions
therein specified. 

                    The
Borrower hereby waives presentment, demand, protest and notice of any kind. No
failure to exercise, and no delay in exercising, any rights hereunder on the
part of the holder hereof shall operate as a waiver of such rights. 

                    This
promissory note shall be governed by, and construed in accordance with the laws
of the State of New York. 

	
  

 	
  

 	
  

 
	
  

 	
 [NAME OF BORROWER]

 
	
  

 	
  

 	
  

 
	
  

 	
 By 

 	
  

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name:

 
	
  

 	
  

 	
 Title:

 

2

ADVANCES AND PAYMENTS OF PRINCIPAL

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Date

 	
  

 	
 Type of

 Advance

 	
  

 	
 Amount of

 Advance in

 Relevant Currency

 	
  

 	
 Interest

 Rate

 	
  

 	
 Amount of

 Principal

 Paid

 or Prepaid

 	
  

 	
 Unpaid

 Principal

 Balance

 	
  

 	
 Notation

 Made By

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 	

 

 

3

EXHIBIT A-2 - FORM OF 

COMPETITIVE BID 

PROMISSORY NOTE

	
  

 	
  

 
	
  

 	
 Dated:
 _______________, 201_ 

 

                    FOR
VALUE RECEIVED, the undersigned, [NAME OF BORROWER], a
_________________________ corporation (the “Borrower”), HEREBY PROMISES
TO PAY to the order of _________________________ (the “Lender”) for the
account of its Applicable Lending Office (as defined in the Five Year Credit
Agreement dated as of March 31, 2011, among Honeywell International Inc., the
Lender and certain other lenders parties thereto, and Citibank, N.A., as Agent
for the Lender and such other lenders (as amended or modified from time to
time, the “Credit Agreement”; the terms defined therein being used
herein as therein defined)), on _______________, the principal amount of
[U.S.$_______________] [for a Competitive Bid Advance in a Foreign Currency,
list currency and amount of such Advance]. 

                    The
Borrower promises to pay interest on the unpaid principal amount hereof from
the date hereof until such principal amount is paid in full, at the interest
rate and payable on the interest payment date or dates provided below: 

                    Interest
Rate: [____% per annum (calculated on the basis of a year of _____ days for the
actual number of days elapsed)]. 

                    Interest
Payment Date or Dates: ______________ 

                    Both
principal and interest are payable in lawful money of ________________ to
Citibank, N.A., as Agent, for the account of the Lender at the office of
__________________, at __________________ in same day funds. 

                    This
Promissory Note is one of the Competitive Bid Notes referred to in, and is
entitled to the benefits of, the Credit Agreement. The Credit Agreement, among
other things, contains provisions for acceleration of the maturity hereof upon
the happening of certain stated events. 

                    The
Borrower hereby waives presentment, demand, protest and notice of any kind. No
failure to exercise, and no delay in exercising, any rights hereunder on the
part of the holder hereof shall operate as a waiver of such rights. 

                    This
Promissory Note shall be governed by, and construed in accordance with, the
laws of the State of New York. 

	
  

 	
  

 	
  

 
	
  

 	
 [NAME OF
 BORROWER]

 
	
  

 
	
  

 	
 By 

 	
  

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name:

 
	
  

 	
  

 	
 Title:

 

EXHIBIT B-1 - FORM OF NOTICE OF 

REVOLVING CREDIT BORROWING

	
  

 	
  

 
	
 Citibank,
 N.A., as Agent

 	
  

 
	
 for the Lenders parties

 	
  

 
	
 to the Credit Agreement

 	
  

 
	
 referred to below

 	
  

 
	
 Building #3, 1615 Brett Road

 	
  

 
	
 New Castle, Delaware 19720

 	
 [Date]

 
	
  

 
	
 Attention:
 Bank Loan Syndication

 	
  

 
	
  

 
	
 Ladies and
 Gentlemen:

 	
  

 

                    The undersigned, [Name of Borrower], refers to the Five Year Credit
Agreement, dated as of March 31, 2011 (as amended or modified from time to
time, the “Credit Agreement”, the terms defined therein being used
herein as therein defined), among the undersigned, certain Lenders parties
thereto, and Citibank, N.A., as Agent for said Lenders, and hereby gives you
notice, irrevocably, pursuant to Section 2.02 of the Credit Agreement that the
undersigned hereby requests a Revolving Credit Borrowing under the Credit
Agreement, and in that connection sets forth below the information relating to
such Revolving Credit Borrowing (the “Proposed Revolving Credit Borrowing”)
as required by Section 2.02(a) of the Credit Agreement: 

	
  

 	
  

 
	
  

 	
           (i) The Business Day of the Proposed Revolving Credit Borrowing is
 _______________. 

 
	
  

 	
  

 
	
  

 	
           (ii) The Type of Advances comprising the Proposed Revolving Credit
 Borrowing is [Base Rate Advances] [Eurocurrency Rate Advances]. 

 
	
  

 	
  

 
	
  

 	
           (iii) The aggregate amount of the Proposed Revolving Credit Borrowing
 is [$_______________] [for a Revolving Credit Borrowing in a Major Currency,
 list currency and amount of Revolving Credit Borrowing]. 

 
	
  

 	
  

 
	
  

 	
           [(iv) The initial Interest Period for each Eurocurrency Rate Advance
 made as part of the Proposed Revolving Credit Borrowing is _____ month[s].] 

 

                    The
undersigned hereby certifies that the conditions precedent to this Revolving
Credit Borrowing set forth in Section 3.03 of the Credit Agreement have been
satisfied and the applicable statements contained therein are true on the date
hereof, and will be true on the date of the Proposed Revolving Credit
Borrowing. 

	
  

 	
  

 	
  

 
	
  

 	
 Very truly
 yours,

 
	
  

 
	
  

 	
 [NAME OF
 BORROWER]

 
	
  

 	
  

 	
  

 
	
  

 	
 By 

 	
  

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
    Name:

 
	
  

 	
  

 	
    Title:

 

2

EXHIBIT B-2 - FORM OF NOTICE OF 

COMPETITIVE BID BORROWING

	
  

 	
  

 
	
 Citibank,
 N.A., as Agent

 	
  

 
	
 for the Lenders parties

 	
  

 
	
 to the Credit Agreement

 	
  

 
	
 referred to below

 	
  

 
	
 Building #3, 1615 Brett Road

 	
  

 
	
 New Castle, Delaware 19720

 	
 [Date]

 
	
  

 
	
 Attention: Bank Loan Syndication

 	
  

 
	
  

 
	
 Ladies and
 Gentlemen:

 	
  

 

                    The
undersigned, [Name of Borrower], refers to the Five Year Credit Agreement,
dated as of March 31, 2011 (as amended or modified from time to time, the “Credit
Agreement”, the terms defined therein being used herein as therein
defined), among Honeywell International Inc., certain Lenders parties thereto
and Citibank, N.A., as Agent for said Lenders, and hereby gives you notice,
irrevocably, pursuant to Section 2.03 of the Credit Agreement that the
undersigned hereby requests a Competitive Bid Borrowing under the Credit
Agreement, and in that connection sets forth the terms on which such
Competitive Bid Borrowing (the “Proposed Competitive Bid Borrowing”) is
requested to be made: 

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (A)

 	
 Date of
 Competitive Bid Borrowing

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	

 

 
	
  

 	
 (B)

 	
 Aggregate
 Amount of Competitive Bid Borrowing

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	

 

 
	
  

 	
 (C)

 	
 [Maturity
 Date] [Interest Period]

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	

 

 
	
  

 	
 (D)

 	
 Interest
 Rate Basis

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	

 

 
	
  

 	
 (E)

 	
 Day Count
 Convention

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	

 

 
	
  

 	
 (F)

 	
 Interest
 Payment Date(s)

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	

 

 
	
  

 	
 (G)

 	
 [Currency]

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	

 

 
	
  

 	
 (H)

 	
 Borrower’s
 Account Location

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	

 

 
	
  

 	
 (I)

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 	
  

 	

 

 

                    The
undersigned hereby certifies that the conditions precedent to this Competitive
Bid Borrowing set forth in Section 3.04 of the Credit Agreement have been
satisfied and the applicable statements contained therein are true on the date
hereof, and will be true on the date of the Proposed Competitive Bid Borrowing.

                    The
undersigned hereby confirms that the Proposed Competitive Bid Borrowing is to
be made available to it in accordance with Section 2.03(a)(v) of the Credit
Agreement. 

	
  

 	
  

 	
  

 
	
  

 	
 Very truly
 yours,

 
	
  

 
	
  

 	
 [NAME OF
 BORROWER]

 
	
  

 	
  

 	
  

 
	
  

 	
 By 

 	
  

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
    Name:

 
	
  

 	
  

 	
    Title:

 

2

EXHIBIT B-3 - FORM OF NOTICE OF 

SWING LINE BORROWING

	
 Citibank, N.A., as Agent

 	
  

 
	
 for the Lenders parties

 	
  

 
	
 to the Credit Agreement

 	
  

 
	
 referred to below

 	
  

 
	
 Building #3, 1615 Brett Road

 	
  

 
	
 New Castle, Delaware 19720

 	
 [Date]

 
	
  

 
	
 Attention:
 Bank Loan Syndication

 	
  

 
	
  

 
	
 Ladies and
 Gentlemen:

 	
  

 

                    The
undersigned, [Name of Borrower], refers to the Five Year Credit Agreement,
dated as of March 31, 2011 (as amended or modified from time to time, the “Credit
Agreement”, the terms defined therein being used herein as therein
defined), among the undersigned, certain Lenders parties thereto, and Citibank,
N.A., as Agent for said Lenders, and hereby gives you notice, irrevocably,
pursuant to Section 2.02 of the Credit Agreement that the undersigned hereby
requests a Swing Line Borrowing under the Credit Agreement, and in that
connection sets forth below the information relating to such Swing Line
Borrowing (the “Proposed Swing Line Borrowing”) as required by Section
2.02(a) of the Credit Agreement: 

	
  

 	
  

 
	
  

 	
 (i) The Business Day of the Proposed Swing Line Borrowing is
 _______________. 

 
	
  

 	
  

 
	
  

 	
 (ii) The Type of Advances comprising the Proposed Revolving Credit
 Borrowing is [Base Rate Advances] [Eurocurrency Rate Advances]. 

 
	
  

 	
  

 
	
  

 	
 (iii) The aggregate amount of the Proposed Swing Line Borrowing is
 [$__________] [€__________]. 

 
	
  

 	
  

 
	
  

 	
 (iv) The initial Interest Period for each Eurocurrency Rate Advance
 made as part of the Proposed Swing Line Borrowing is _____ day[s]. 

 

                    The
undersigned hereby certifies that the conditions precedent to this Swing Line
Borrowing set forth in Section 3.03 of the Credit Agreement have been satisfied
and the applicable statements contained therein are true on the date hereof,
and will be true on the date of the Proposed Swing Line Borrowing. 

	
  

 	
  

 	
  

 
	
  

 	
 Very truly
 yours,

 
	
  

 
	
  

 	
 [NAME OF
 BORROWER]

 
	
  

 	
  

 	
  

 
	
  

 	
 By 

 	
  

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
    Name:

 
	
  

 	
  

 	
    Title:

 

2

EXHIBIT C - FORM OF 

ASSIGNMENT AND ACCEPTANCE

	
  

 	
  

 
	
  

 	
 Dated:
 _____________ 

 

                    Reference
is made to the Five Year Credit Agreement dated as of March 31, 2011, (as
amended or modified from time to time, the “Credit Agreement”) among
Honeywell International Inc., a Delaware corporation (the “Borrower”),
the Lenders (as defined in the Credit Agreement), and Citibank, N.A., as agent
(the “Agent”) for the Lenders. Terms defined in the Credit Agreement are
used herein with the same meaning. 

                    ____________
(the “Assignor”) and ____________ (the “Assignee”) agree as follows: 

                    1.
The Assignor hereby sells and assigns to the Assignee, and the Assignee hereby
purchases and assumes from the Assignor, an interest in and to the Assignor’s
rights and obligations under the Credit Agreement as of the date hereof (other
than in respect of Competitive Bid Advances and Competitive Bid Notes) equal to
the percentage interest specified on Schedule 1 hereto of the outstanding
rights and obligations under the Credit Agreement (including, in the case of an
assignment of any Revolving Credit Commitment, participations in Letters of
Credit held by the Assignor on the date hereof) set forth on Schedule 1 hereto.
After giving effect to such sale and assignment, the Assignee’s Revolving
Credit Commitment and Letter of Credit Commitment and the amount of the
Revolving Credit Advances in each relevant currency owing to the Assignee will
be as set forth on Schedule 1 hereto. 

                    2.
The Assignor (i) represents and warrants that it is the legal and beneficial
owner of the interest being assigned by it hereunder and that such interest is
free and clear of any adverse claim; (ii) makes no representation or warranty
and assumes no responsibility with respect to any statements, warranties or
representations made in or in connection with the Credit Agreement or any other
instrument or document furnished pursuant thereto or the execution, legality,
validity, enforceability, genuineness, sufficiency or value of, or the
perfection or priority of any lien or security interest created or purported to
be created under or in connection with, the Credit Agreement or any other
instrument or document furnished pursuant thereto; (iii) makes no
representation or warranty and assumes no responsibility with respect to the
financial condition of any Borrower or the performance or observance by such
Borrower of any of its obligations under the Credit Agreement or any other
instrument or document furnished pursuant thereto; [and (iv) attaches the
Revolving Credit Note held by the Assignor and requests that the Agent obtain
from each Borrower a new Revolving Credit Note payable to the order of the
Assignee with respect to the aggregate principal amount of the Revolving Credit
Advances assumed by such Assignee pursuant hereto, substantially in the form of
Exhibit A-1 to the Credit Agreement]. 

                    3.
The Assignee (i) confirms that it has received a copy of the Credit Agreement,
together with copies of the financial statements referred to in Section 4.01(e)
thereof 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; (ii) agrees that it will, independently and without reliance upon
the Agent, the Assignor or any other Lender and based on 

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 Credit Agreement; (iii) confirms that it is an Eligible Assignee;
(iv) appoints and authorizes the Agent to take such action as agent on its
behalf and to exercise such powers and discretion under the Credit Agreement as
are delegated to the Agent by the terms thereof, together with such powers and
discretion as are reasonably incidental thereto; (v) agrees that it will
perform in accordance with their terms all of the obligations that by the terms
of the Credit Agreement are required to be performed by it as a Lender; and
(vi) attaches any U.S. Internal Revenue Service forms required under Section
2.14 of the Credit Agreement. 

                    4.
Following the execution of this Assignment and Acceptance, it will be delivered
to the Agent for acceptance and recording by the Agent. The effective date for
this Assignment and Acceptance (the “Effective Date”) shall be the date
of acceptance hereof by the Agent, unless otherwise specified on Schedule 1
hereto. 

                    5.
Upon such acceptance and recording by the Agent, as of the Effective Date, (i)
the Assignee shall be a party to the Credit Agreement and, to the extent
provided in this Assignment and Acceptance, have the rights and obligations of
a Lender thereunder and (ii) the Assignor shall, to the extent provided in this
Assignment and Acceptance, relinquish its rights and be released from its
obligations under the Credit Agreement, provided, however, that
the Assignor’s rights under Sections 2.11, 2.14 and 9.04 of the Credit
Agreement, and its obligations under Section 8.05 of the Credit Agreement,
shall survive the assignment pursuant to this Assignment and Acceptance as to
matters occurring prior to the Effective Date. 

                    6.
Upon such acceptance and recording by the Agent, from and after the Effective
Date, the Agent shall make all payments under the Credit Agreement and the
Revolving Credit Notes in respect of the interest assigned hereby (including,
without limitation, all payments of principal, interest and commitment fees
with respect thereto) to the Assignee. The Assignor and Assignee shall make all
appropriate adjustments in payments under the Credit Agreement and any
Revolving Credit Notes for periods prior to the Effective Date directly between
themselves. 

                    7.
This Assignment and Acceptance shall be governed by, and construed in
accordance with, the laws of the State of New York. 

                    8.
This Assignment and Acceptance may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall
constitute one and the same agreement. Delivery of an executed counterpart of
Schedule 1 to this Assignment and Acceptance by telecopier shall be effective
as delivery of a manually executed counterpart of this Assignment and
Acceptance. 

                    IN
WITNESS WHEREOF, the Assignor and the Assignee have caused Schedule 1 to this
Assignment and Acceptance to be executed by their officers thereunto duly
authorized as of the date specified thereon. 

2

Schedule 1 to
Assignment and Acceptance

	
  

 	
  

 	
  

 	
  

 	
 Dated: ____________

 
	
 Section 1.

 	
  

 	
  

 
	
  

 
	
  

 	
  

 	
 Percentage
 interest assigned:

 	
  

 	
      ____%

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Assignee’s
 Revolving Credit Commitment:

 	
  

 	
 $____

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Assignee’s
 Letter of Credit Commitment:

 	
  

 	
 $____

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 2.

 	
  

 	
  

 
	
  

 
	
 (a)

 	
 Assigned
 Advances

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Aggregate
 outstanding principal amount of Revolving Credit

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Advances in
 Dollars assigned:

 	
  

 	
 $____

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Aggregate
 outstanding principal amount of Revolving Credit 

 Advances in lawful currency of the United Kingdom of Great 

 Britain and Northern Ireland assigned:

 	
  

 	
 £____

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Aggregate
 outstanding principal amount of Revolving Credit 

 Advances in lawful currency of Japan assigned:

 	
  

 	
 ¥____

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Aggregate
 outstanding principal amount of Revolving Credit 

 Advances in Euros assigned:

 	
  

 	
 €____

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 (b)

 	
 Retained
 Advances

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Aggregate
 outstanding principal amount of Revolving Credit 

 Advances in Dollars retained:

 	
  

 	
 $____

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Aggregate
 outstanding principal amount of Revolving Credit 

 Advances in lawful currency of the United Kingdom of Great 

 Britain and Northern Ireland retained:

 	
  

 	
 £____

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Aggregate
 outstanding principal amount of Revolving Credit 

 Advances in lawful currency of Japan retained:

 	
  

 	
 ¥____

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Aggregate
 outstanding principal amount of Revolving Credit 

 Advances in Euros retained:

 	
  

 	
 €____

 

3

Effective Date1: ___________________________

	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 [NAME OF
 ASSIGNOR], as Assignor

 
	
  

 	
 By 

 	
  

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
    Title:

 
	
  

 	
  

 	
  

 
	
  

 	
 Dated:

 	
  

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 
	
  

 	
 [NAME OF
 ASSIGNEE], as Assignee

 
	
  

 	
  

 
	
  

 	
 By

 	
  

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Title:

 
	
  

 	
  

 	
  

 
	
  

 	
 Dated:

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 
	
  

 	
 Domestic
 Lending Office:

 
	
  

 	
  

 	
 [Address]

 
	
  

 	
  

 	
  

 
	
  

 	
 Eurocurrency
 Lending Office:

 
	
  

 	
  

 	
 [Address]

 
	
  

 	
  

 	
  

 
	
 Consented to
 this _________ day

 	
  

 	
  

 
	
 of ________

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
 [NAME OF
 BORROWER]

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
 By_________________________]

 	
  

 	
  

 
	
 Name:

 	
  

 	
  

 
	
 Title:

 	
  

 	
  

 

	
  

 	
  

 
	

 

 
	
 1

 	
 This date
 should be no earlier than five Business Days after the delivery of this
 Assignment and Acceptance to the Agent. 

 

4

EXHIBIT D - FORM OF DESIGNATION LETTER

	
  

 	
  

 
	
  

 	
 [DATE]

 
	
 To each of
 the Lenders

 	
  

 
	
 parties to the

 	
  

 
	
 Credit Agreement (as defined

 	
  

 
	
 below) and to Citibank, N.A.,

 	
  

 
	
 as Agent for such Lenders

 	
  

 

Ladies and
Gentlemen:

                    Reference
is made to the Five Year Credit Agreement dated as of March 31, 2011, among
Honeywell International Inc. (the “Company”), the Lenders named therein,
and Citibank, N.A., as Agent for said Lenders (the “Credit Agreement”).
For convenience of reference, terms used herein and defined in the Credit
Agreement shall have the respective meanings ascribed to such terms in the
Credit Agreement. 

                    Please
be advised that the Company hereby designates its undersigned Subsidiary,
____________ (“Designated Subsidiary”), as a “Designated Subsidiary”
under and for all purposes of the Credit Agreement. 

                    The
Designated Subsidiary, in consideration of each Lender’s agreement to extend
credit to it under and on the terms and conditions set forth in the Credit
Agreement, does hereby assume each of the obligations imposed upon a
“Designated Subsidiary” and a “Borrower” under the Credit Agreement and agrees
to be bound by the terms and conditions of the Credit Agreement. In furtherance
of the foregoing, the Designated Subsidiary hereby represents and warrants to
each Lenders as follows: 

	
  

 	
  

 
	
  

 	
           1. The
 Designated Subsidiary is a corporation duly incorporated, validly existing
 and in good standing under the laws of __________________ and is duly
 qualified to transact business in all jurisdictions in which such
 qualification is required. 

 
	
  

 	
  

 
	
  

 	
           2. The
 execution, delivery and performance by the Designated Subsidiary of this
 Designation Letter, the Credit Agreement, its Notes and the consummation of
 the transactions contemplated thereby, are within the Designated Subsidiary’s
 corporate powers, have been duly authorized by all necessary corporate
 action, and do not and will not cause or constitute a violation of any
 provision of law or regulation or any provision of the charter or by-laws of
 the Designated Subsidiary or result in the breach of, or constitute a default
 or require any consent under, or result in the creation of any lien, charge or
 encumbrance upon any of the properties, revenues, or assets of the Designated
 Subsidiary pursuant to, any indenture or other agreement or instrument to
 which the Designated Subsidiary is a party or by which the Designated
 Subsidiary or its property may be bound or affected. 

 
	
  

 	
  

 
	
  

 	
           3. This
 Designation Agreement and each of the Notes of the Designated Subsidiary,
 when delivered, will have been duly executed and delivered, and this 

 

Designation Letter, the Credit Agreement and each of the Notes of the
Designated Subsidiary, when delivered, will constitute a legal, valid and
binding obligation of the Designated Subsidiary enforceable against the
Designated Subsidiary in accordance with their respective terms except to the
extent that such enforcement may be limited by applicable bankruptcy,
insolvency and other similar laws affecting creditors’ rights generally.

          4. There is
no action, suit, investigation, litigation or proceeding including, without
limitation, any Environmental Action, pending or to the knowledge of the
Designated Subsidiary Threatened affecting the Designated Subsidiary before any
court, governmental agency or arbitration that (i) is reasonably likely to have
a Material Adverse Effect, or (ii) purports to effect the legality, validity or
enforceability of this Designation Letter, the Credit Agreement, any Note of
the Designated Subsidiary or the consummation of the transactions contemplated
thereby.

          5. No
authorizations, consents, approvals, licenses, filings or registrations by or
with any governmental authority or administrative body are required in
connection with the execution, delivery or performance by the Designated
Subsidiary of this Designation Letter, the Credit Agreement or the Notes of the
Designated Subsidiary except for such authorizations, consents, approvals,
licenses, filings or registrations as have heretofore been made, obtained or
effected and are in full force and effect.

          6. The
Designated Subsidiary is not, and immediately after the application by the
Designated Subsidiary of the proceeds of each Advance will not be, an
“investment company” within the meaning of the Investment Company Act of 1940,
as amended.

	
  

 	
  

 	
  

 
	
  

 	
 Very truly
 yours,

 
	
  

 	
  

 
	
  

 	
 HONEYWELL
 INTERNATIONAL INC.

 
	
  

 	
  

 	
  

 
	
  

 	
 By

 	
  

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name:

 
	
  

 	
  

 	
 Title:

 
	
  

 	
  

 	
  

 
	
  

 	
 [THE
 DESIGNATED SUBSIDIARY]

 
	
  

 	
  

 	
  

 
	
  

 	
 By

 	
  

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name:

 
	
  

 	
  

 	
 Title:

 

2

EXHIBIT E - FORM OF OPINION

OF THE GENERAL COUNSEL OR AN

ASSISTANT GENERAL COUNSEL OF THE COMPANY

March 31, 2011

To each of the Lenders parties

to the Credit Agreement

(as defined below),

and to Citibank, N.A.,

as Agent for said Lenders

Honeywell International Inc.

Ladies and Gentlemen:

                    This
opinion is furnished to you pursuant to Sections 3.01(e)(iv) and 3.02(f) of the
Five Year Credit Agreement dated as of March 31, 2011, among Honeywell
International Inc. (the “Company”), the Lenders parties thereto, and
Citibank, N.A., as Agent for said Lenders (the “Credit Agreement”).
Terms defined in the Credit Agreement are, unless otherwise defined herein,
used herein as therein defined.

                    I
have acted as counsel for the Company in connection with the preparation,
execution and delivery of the Credit Agreement. I have also acted as special
counsel for ___________, ___________, ___________ and ___________ (each, a “Designated Subsidiary”) in connection with
the Credit Agreement. 

                    In
that connection I have examined:

	
  

 	
  

 
	
  

 	
           (1)
 The Credit Agreement.

 
	
  

 	
  

 
	
  

 	
           (2)
 The documents furnished by the Company and each of the Designated
 Subsidiaries pursuant to Article III of the Credit Agreement, including the
 Certificate of Incorporation of the Company and all amendments thereto (the “Charter”)
 and the By-laws of the Company and all amendments thereto (the “By-laws”).

 
	
  

 	
  

 
	
  

 	
           (3)
 A certificate of the Secretary of State of the State of Delaware, dated as of
 a recent date, attesting to the continued corporate existence and good
 standing of the Company in that State.

 
	
  

 	
  

 
	
  

 	
           (4)
 Copies of each of the Designation Letters executed by each of the Designated
 Subsidiaries. 

 

                    I
have also examined the originals, or copies certified to my satisfaction, of
such corporate records of the Company and the Designated Subsidiaries
(including resolutions adopted by the respective Board of Directors of each of
the Company and the Designated Subsidiaries), certificates of public officials
and of officers of the Company and the Designated Subsidiaries, and agreements,
instruments and documents, as I have deemed necessary as a basis for the
opinions hereinafter expressed. As to questions of fact material to such
opinions, I have, when relevant facts were not independently established by me,
relied upon certificates of the Company and the Designated Subsidiaries or
their respective officers or of public officials. 

                    In
rendering the opinions set forth below, I have assumed the authenticity of all
documents submitted to me as originals, the genuineness of all signatures and
the conformity to authentic originals of all documents submitted to me as
copies. I have also assumed the legal capacity for all purposes relevant hereto
of all natural persons and, with respect to all parties to agreements or
instruments relevant hereto other than the Company, that such parties had the
requisite power and authority (corporate or otherwise) to execute, deliver and
perform such agreements or instruments, that such agreements or instruments
have been duly authorized by all requisite action (corporate or otherwise),
executed and delivered by such parties and that such agreements or instruments
are the valid, binding, and enforceable obligations of such parties. 

                    I
am qualified to practice law in the State of New York, and I do not purport to
be expert in, or to express any opinion herein concerning, any laws other than
the laws of the State of New York, the General Corporation Law of the State of
Delaware and the Federal laws of the United States.

                    Based
upon the foregoing and upon such investigation as I have deemed necessary, I am
of the following opinion:

	
  

 	
  

 
	
  

 	
           1.
 The Company (a) is a corporation duly organized, validly existing and in good
 standing under the laws of the State of Delaware, (b) is duly qualified as a
 foreign corporation in each other jurisdiction in which it owns or leases
 property or in which the conduct of its business requires it to so qualify or
 be licensed, except where the failure to be so qualified would not be
 reasonably likely to have a Material Adverse Effect and (c) has all requisite
 corporate power and authority to own or lease and operate its properties and
 to carry on its business as now conducted and as proposed to be conducted.

 
	
  

 	
  

 
	
  

 	
           2.
 The execution, delivery and performance by the Company of the Credit
 Agreement and the Notes of the Company, and the consummation of the
 transactions contemplated thereby, are within the Company’s corporate powers,
 have been duly authorized by all necessary corporate action, and do not (i) contravene
 the Charter or the By-laws or (ii) violate any law (including, without
 limitation, the Securities Exchange Act of 1934 and the Racketeer Influenced
 and Corrupt Organizations Chapter of the Organized Crime Control Act of
 1970), rule, regulation (including, without limitation, Regulation X of the
 Board of Governors of the Federal Reserve System) or any material order,
 writ, judgment, decree, determination or award or (iii) conflict with or
 result in the breach of, or constitute a default under, any material
 indenture, loan or credit agreement, lease,

 

2

	
  

 	
  

 
	
  

 	
 mortgage,
 security agreement, bond, note or any similar document. The Credit Agreement
 and the Notes of the Company have been duly executed and delivered on behalf
 of the Company.

 
	
  

 	
  

 
	
  

 	
           3.
 No authorization, approval, or other action by, and no notice to or filing
 with, any governmental authority, administrative agency or regulatory body,
 or any third party is required for the due execution, delivery and
 performance by the Company of the Credit Agreement or the Notes of the
 Company, or for the consummation of the transactions contemplated thereby.

 
	
  

 	
  

 
	
  

 	
           4.
 The Credit Agreement is, and each Note of the Company when delivered under
 the Credit Agreement will be, the legal, valid and binding obligation of the
 Company enforceable against the Company in accordance with their respective
 terms, except as the enforceability thereof may be limited by bankruptcy,
 insolvency, reorganization or moratorium or other similar laws relating to the
 enforcement of creditors’ rights generally or by the application of general
 principles of equity (regardless of whether such enforceability is considered
 in a proceeding in equity or at law), and except that I express no opinion as
 to (i) the subject matter jurisdiction of the District Courts of the
 United States of America to adjudicate any controversy relating to the Credit
 Agreement or the Notes of the Company or (ii) the effect of the law of
 any jurisdiction (other than the State of New York) wherein any Lender or
 Applicable Lending Office may be located or wherein enforcement of the Credit
 Agreement or the Notes of the Company may be sought which limits rates of
 interest which may be charged or collected by such Lender.

 
	
  

 	
  

 
	
  

 	
           5.
 The Credit Agreement and the Designation Letter of each Designated Subsidiary
 are, and each Note of each Designated Subsidiary when delivered under the
 Credit Agreement will be, the legal, valid and binding obligation of each
 such Designated Subsidiary enforceable in accordance with their respective
 terms, except as the enforceability thereof may be limited by bankruptcy,
 insolvency, reorganization or moratorium or other similar laws relating to
 the enforcement of creditors’ rights generally or by the application of general
 principles of equity (regardless of whether such enforceability is considered
 in a proceeding in equity or at law), and except that I express no opinion as
 to (i) the subject matter jurisdiction of the District Courts of the
 United States of America to adjudicate any controversy relating to the Credit
 Agreement, the Designation Letter of each Designated Subsidiary or the Notes
 of each Designated Subsidiary or (ii) the effect of the law of any
 jurisdiction (other than the State of New York) wherein any Lender or
 Applicable Lending Office may be located or wherein enforcement of the Credit
 Agreement, the Designation Letter of each Designated Subsidiary or the Notes
 of each Designated Subsidiary may be sought which limits rates of interest
 which may be charged or collected by such Lender.

 
	
  

 	
  

 
	
  

 	
           6.
 There is no action, suit, investigation, litigation or proceeding against the
 Company or any of its Subsidiaries before any court, governmental agency or
 arbitrator now pending or, to the best of my knowledge, Threatened that is
 reasonably likely to have a Material Adverse Effect (other than as disclosed
 in public filings prior to the date hereof)

 

3

	
  

 	
  

 
	
  

 	
 or that
 purports to affect the legality, validity or enforceability of the Credit
 Agreement or any Note of the Company or the consummation of the transactions
 contemplated thereby, and there has been no material adverse change in the
 status, or financial effect on the Company or any of its Subsidiaries, of the
 matters disclosed in public filings prior to the date hereof.

 
	
  

 	
  

 
	
  

 	
           7.
 Neither the Company nor any of the Designated Subsidiaries is an “investment
 company” within the meaning of the Investment Company Act of 1940, as
 amended.

 

                    In
connection with the opinions expressed by me above in paragraph 4, I wish to
point out that (i) provisions of the Credit Agreement that permit the Agent or
any Lender to take action or make determinations may be subject to a
requirement that such action be taken or such determinations be made on a reasonable
basis and in good faith, (ii) that a party to whom an advance is owed may,
under certain circumstances, be called upon to prove the outstanding amount of
the Advances evidenced thereby, (iii) the rights of the Agent and the
Lenders provided for in Section 9.04(b) of the Credit Agreement may be
limited in certain circumstances and (iv) I express no opinion with respect to
the enforceability of any indemnity against loss in converting into a specified
currency the proceeds or amount of a court judgment in another currency.

                    I
do not express any opinion on any matter not expressly addressed above. The
opinions set forth herein are delivered based solely upon the examinations,
assumptions and other matters described herein as of the date hereof, and I
undertake no obligation to modify or supplement this opinion letter or
otherwise to communicate with you with respect to changes in law or matters
which occur or come to my attention after the date hereof.

                    This
opinion letter is given for the sole and exclusive benefit of the addressees
hereof and may not be relied upon by or delivered or disclosed to any other
person, except that any person that becomes a Lender in accordance with the
provisions of the Credit Agreement after the date hereof may rely on these
opinions as if this opinion letter were addressed and delivered to such Lender
on the date hereof. In addition, this opinion letter relates only to the
matters, the opinions and the transaction specifically referred to or provided
herein, and no other opinions should be implied therefrom.

	
  

 	
  

 
	
  

 	
 Very truly
 yours,

 
	
  

 	
  

 
	
  

 	
 Jacqueline
 Whorms Katzel

 

4

EXHIBIT F - FORM OF OPINION OF COUNSEL

TO A DESIGNATED SUBSIDIARY

____________, 20__

To each of the Lenders parties

to the Credit Agreement

(as defined below),

and to Citibank, N.A., as Agent

for said Lenders

Ladies and
Gentlemen:

                    In
my capacity as counsel to __________ (“Designated Subsidiary”), I have
reviewed that certain Five Year Credit Agreement dated as of March 31, 2011,
among Honeywell International Inc., the Lenders named therein, and Citibank,
N.A., as Agent for such Lenders (the “Credit Agreement”). In connection
therewith, I have also examined the following documents:

	
  

 	
  

 
	
  

 	
           (i) The
 Designation Letter (as defined in the Credit Agreement) executed by the
 Designated Subsidiary.

 

                    [such
other documents as counsel may wish to refer to]

                    I
have also reviewed such matters of law and examined the original, certified,
conformed or photographic copies of such other documents, records, agreements
and certificates as I have considered relevant hereto. As to questions of fact
material to such opinions, I have, when relevant facts were not independently
established by me, relied upon certificates of the Company or its officers or
of public officials. 

                    Except
as expressly specified herein all terms used herein and defined in the Credit
Agreement shall have the respective meanings ascribed to them in the Credit
Agreement.

                    I
am qualified to practice law in __________, and I do not purport to be expert
in, or to express any opinion herein concerning, any laws other than the laws
of __________.

                    Based
upon the foregoing and upon such investigation as I have deemed necessary, I am
of the opinion that:

	
  

 	
  

 
	
  

 	
           1. The
 Designated Subsidiary (a) is a corporation duly incorporated, validly
 existing and in good standing under the laws of __________, (b) is duly
 qualified in each other jurisdiction in which it owns or leases property or
 in which the conduct of its business requires it to so qualify or be
 licensed, except where the failure to be so qualified would not be reasonably
 likely to have a Material Adverse Effect and (c) has all requisite
 corporate

 

	
  

 	
  

 
	
  

 	
 power and authority to own or lease and operate its properties and to
 carry on its business as now conducted and as proposed to be conducted.

 
	
  

 	
  

 
	
  

 	
           2. The
 execution, delivery and performance by the Designated Subsidiary of its
 Designation Letter, the Credit Agreement and its Notes, and the consummation
 of the transactions contemplated thereby, are within the Designated
 Subsidiary’s corporate powers, have been duly authorized by all necessary
 corporate action, and do not and will not cause or constitute a violation of
 any provision of law or regulation or any material order, writ, judgment,
 decree, determination or award or any provision of the charter or by-laws or
 other constituent documents of the Designated Subsidiary or result in the
 breach of, or constitute a default or require any consent under, or result in
 the creation of any lien, charge or encumbrance upon any of the properties,
 revenues, or assets of the Designated Subsidiary pursuant to, any material
 indenture or other agreement or instrument to which the Designated Subsidiary
 is a party or by which the Designated Subsidiary or its property may be bound
 or affected. The Designation Letter and each Note of the Designated
 Subsidiary has been duly executed and delivered on behalf of the Designated
 Subsidiary.

 
	
  

 	
  

 
	
  

 	
           3. The
 Credit Agreement and the Designation Letter of the Designated Subsidiary are,
 and each Note of the Designated Subsidiary when delivered under the Credit
 Agreement will be, the legal, valid and binding obligation of the Designated
 Subsidiary enforceable in accordance with their respective terms, except as
 the enforceability thereof may be limited by bankruptcy, insolvency,
 reorganization or moratorium or other similar laws relating to the
 enforcement of creditors’ rights generally or by the application of general
 principles of equity (regardless of whether such enforceability is considered
 in a proceeding in equity or at law), and except that I express no opinion as
 to (i) the subject matter jurisdiction of the District Courts of the
 United States of America to adjudicate any controversy relating to the Credit
 Agreement, the Designation Letter of the Designated Subsidiary or the Notes
 of the Designated Subsidiary or (ii) the effect of the law of any
 jurisdiction (other than the State of New York) wherein any Lender or
 Applicable Lending Office may be located or wherein enforcement of the Credit
 Agreement, the Designation Letter of the Designated Subsidiary or the Notes
 of the Designated Subsidiary may be sought which limits rates of interest
 which may be charged or collected by such Lender.

 
	
  

 	
  

 
	
  

 	
           4. There
 is no action, suit, investigation, litigation or proceeding at law or in
 equity before any court, governmental agency or arbitration now pending or,
 to the best of my knowledge and belief, Threatened against the Designated
 Subsidiary that is reasonably likely to have a Material Adverse Effect or
 that purports to affect the legality, validity or enforceability of the Designation
 Letter of the Designated Subsidiary, the Credit Agreement or any Note of the
 Designated Subsidiary or the consummation of the transactions contemplated
 thereby.

 
	
  

 	
  

 
	
  

 	
           5. No
 authorizations, consents, approvals, licenses, filings or registrations by or
 with any governmental authority or administrative body are required for the
 due execution, delivery and performance by the Designated Subsidiary of its
 Designation 

 

2

	
  

 	
  

 
	
  

 	
 Letter, the Credit Agreement or the Notes of the Designated Subsidiary
 except for such authorizations, consents, approvals, licenses, filings or
 registrations as have heretofore been made, obtained or affected and are in
 full force and effect.

 
	
  

 	
  

 
	
  

 	
           6. The
 Designated Subsidiary is not an “investment company” within the meaning of
 the Investment Company Act of 1940, as amended.

 

                    In
connection with the opinions expressed by me above in paragraph 3, I wish to
point out that (i) provisions of the Credit Agreement which permit the Agent or
any Lender to take action or make determinations may be subject to a
requirement that such action be taken or such determinations be made on a
reasonable basis and in good faith, (ii) a party to whom an advance is owed
may, under certain circumstances, be called upon to prove the outstanding
amount of the Advances evidenced thereby, (iii) the rights of the Agent and the
Lenders provided for in Section 9.04(b) of the Credit Agreement may be
limited in certain circumstances and (iv) I express no opinion with respect to
the enforceability of any indemnity against loss in converting into a specified
currency the proceeds or amount of a court judgment in another currency.

                    I
do not express any opinion on any matter not expressly addressed above. The opinions
set forth herein are delivered based solely upon the examinations, assumptions
and other matters described herein as of the date hereof, and I undertake no
obligation to modify or supplement this opinion letter or otherwise to
communicate with you with respect to changes in law or matters which occur or
come to my attention after the date hereof.

                    This
opinion letter is given for the sole and exclusive benefit of the addressees
hereof and may not be relied upon by or delivered or disclosed to any other
person, except that any person that becomes a Lender in accordance with the
provisions of the Credit Agreement after the date hereof may rely on these
opinions as if this opinion letter were addressed and delivered to such Lender
on the date hereof. In addition, this opinion letter relates only to the
matters, the opinions and the transaction specifically referred to or provided
herein, and no other opinions should be implied therefrom.

	
  

 	
  

 
	
  

 	
 Very truly
 yours,

 

3

EXHIBIT G - FORM OF OPINION

OF SHEARMAN & STERLING LLP,

COUNSEL TO THE AGENT

[S&S LETTERHEAD]

__________ __, 2011

To the Initial
Lenders party to the Credit

Agreement referred to below and to

Citibank, N.A., as Agent

Honeywell International Inc.

Ladies and
Gentlemen:

                    We
have acted as counsel to Citibank, N.A., as Agent (the “Agent”), in
connection with the Five Year Credit Agreement, dated as of March 31, 2011 (the
“Credit Agreement”), among Honeywell International Inc., a Delaware
corporation (the “Borrower”), and each of you. Unless otherwise defined
herein, terms defined in the Credit Agreement are used herein as therein
defined.

                    In
that connection, we have reviewed originals or copies of the following
documents:

                    (a)
The Credit Agreement.

                    (b)
The Notes executed by the Borrower and delivered on the date hereof.

The documents
described in the foregoing clauses (a) and (b) are collectively referred to
herein as the “Opinion Documents.”

                    We
have also reviewed originals or copies of such other agreements and documents
as we have deemed necessary as a basis for the opinion expressed below.

                    In
our review of the Opinion Documents and other documents, we have assumed:

	
  

 	
  

 	
  

 
	
  

 	
 (A)

 	
 The
 genuineness of all signatures. 

 
	
  

 	
  

 	
  

 
	
  

 	
 (B)

 	
 The
 authenticity of the originals of the documents submitted to us.

 

	
  

 	
  

 	
  

 
	
  

 	
 (C)

 	
 The
 conformity to authentic originals of any documents submitted to us as copies.

 
	
  

 	
  

 	
  

 
	
  

 	
 (D)

 	
 As to matters
 of fact, the truthfulness of the representations made in the Credit
 Agreement.

 
	
  

 	
  

 	
  

 
	
  

 	
 (E)

 	
 That each of
 the Opinion Documents is the legal, valid and binding obligation of each
 party thereto, other than the Borrower, enforceable against each such party in
 accordance with its terms.

 
	
  

 	
  

 	
  

 
	
  

 	
 (F)

 	
 That:

 

	
  

 	
  

 	
  

 	
  

 
	
  

 	
           (1)
 The Borrower is an entity duly organized and validly existing under the laws
 of the jurisdiction of its organization. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
           (2)
 The Borrower has full power to execute, deliver and perform, and has duly
 executed and delivered, the Opinion Documents. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
           (3)
 The execution, delivery and performance by the Borrower of the Opinion
 Documents have been duly authorized by all necessary action (corporate or
 otherwise) and do not: 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (a)
 contravene its certificate or articles of incorporation, by-laws or other
 organizational documents; 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (b)
 except with respect to Generally Applicable Law, violate any law, rule or
 regulation applicable to it; or 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (c)
 result in any conflict with or breach of any agreement or document binding on
 it.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
           (4)
 Except with respect to Generally Applicable Law, no authorization, approval
 or other action by, and no notice to or filing with, any governmental
 authority or regulatory body or (to the extent the same is required under any
 agreement or document binding on it of which an addressee hereof has
 knowledge, has received notice or has reason to know) any other third party
 is required for the due execution, delivery or performance by the Borrower of
 any Opinion Document or, if any such authorization, approval, action, notice
 or filing is required, it has been duly obtained, taken, given or made and is
 in full force and effect.

 

                    We
have not independently established the validity of the foregoing assumptions. 

                    “Generally
Applicable Law” means the federal law of the United States of America, and
the law of the State of New York (including the rules or regulations
promulgated thereunder or pursuant thereto), that a New York lawyer exercising
customary professional 

2

diligence
would reasonably be expected to recognize as being applicable to the Borrower,
the Opinion Documents or the transactions governed by the Opinion Documents.
Without limiting the generality of the foregoing definition of Generally
Applicable Law, the term “Generally Applicable Law” does not include any law,
rule or regulation that is applicable to the Borrower, the Opinion Documents or
such transactions solely because such law, rule or regulation is part of a
regulatory regime applicable to any party to any of the Opinion Documents or
any of its affiliates due to the specific assets or business of such party or
such affiliate.

                    Based
upon the foregoing and upon such other investigation as we have deemed
necessary and subject to the qualifications set forth below, we are of the
opinion that each Opinion Document is the legal, valid and binding obligation
of the Borrower, enforceable against the Borrower in accordance with its terms.

                    Our
opinion expressed above is subject to the following qualifications:

                    (a)
Our opinion is subject to the effect of any applicable bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting creditors’ rights
generally (including without limitation all laws relating to fraudulent
transfers).

          (b)
Our opinion is subject to the effect of general principles of equity, including
without limitation concepts of materiality, reasonableness, good faith and fair
dealing (regardless of whether considered in a proceeding in equity or at law).

          (c)
We express no opinion with respect to the enforceability of indemnification
provisions, or of release or exculpation provisions, contained in the Opinion
Documents to the extent that enforcement thereof is contrary to public policy
regarding the indemnification against or release or exculpation of criminal
violations, intentional harm or violations of securities laws.

          (d)
We express no opinion with respect to the enforceability of any indemnity
against loss in converting into a specified currency the proceeds or amount of
a court judgment in another currency.

          (e)
We express no opinion with respect to Section 9.12 of the Credit Agreement to
the extent that such Section (i) implies that a federal court of the United
States has subject matter jurisdiction or (ii) purports to grant any court
exclusive jurisdiction.

                    (f)
Our opinion is limited to Generally Applicable Law.

                    A
copy of this opinion letter may be delivered by any of you to any person that
becomes a Lender in accordance with the provisions of the Credit Agreement. Any
such person may rely on the opinion expressed above as if this opinion letter
were addressed and delivered to such person on the date hereof.

                    This
opinion letter is rendered to you in connection with the transactions
contemplated by the Opinion Documents. This opinion letter may not be relied
upon by you or any 

3

person
entitled to rely on this opinion pursuant to the preceding paragraph for any
other purpose without our prior written consent.

                    This
opinion letter speaks only as of the date hereof. We expressly disclaim any
responsibility to advise you of any development or circumstance of any kind,
including any change of law or fact, that may occur after the date of this
opinion letter that might affect the opinion expressed herein.

Very truly yours,

4

EXECUTION COPY

U.S. $2,800,000,000

FIVE YEAR CREDIT AGREEMENT

Dated as of March 31, 2011

Among

HONEYWELL INTERNATIONAL INC.,

as Borrower,

and

THE INITIAL LENDERS NAMED
HEREIN,

as Initial Lenders,

and

CITIBANK, N.A.,

as Administrative
Agent

and

JPMORGAN CHASE BANK, N.A.,

as Syndication
Agent

and

BANK
OF AMERICA, N.A.,
BARCLAYS
BANK PLC,
DEUTSCHE
BANK AG NEW YORK BRANCH,
GOLDMAN
SACHS BANK USA,
MORGAN
STANLEY MUFG LOAN PARTNERS, LLC

and

THE
ROYAL BANK OF SCOTLAND PLC,

as Documentation
Agents

and

CITIGROUP GLOBAL MARKETS INC.
and

J.P. MORGAN SECURITIES LLC,

as Joint Lead
Arrangers and Co-Book Managers

TABLE OF CONTENTS

	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Page

 
	
  

 	
  

 	
  

 
	
 ARTICLE I

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
 SECTION 1.01. Certain Defined Terms

 	
  

 	
 1

 
	
  

 	
  

 	
  

 
	
 SECTION 1.02. Computation of Time
 Periods

 	
  

 	
 19

 
	
  

 	
  

 	
  

 
	
 SECTION 1.03. Accounting Terms

 	
  

 	
 19

 
	
  

 	
  

 	
  

 
	
 ARTICLE II

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
 SECTION 2.01. The Revolving Credit
 Advances, Letters of Credit and Swing Line Advances

 	
  

 	
 19

 
	
  

 	
  

 	
  

 
	
 SECTION 2.02. Making the Revolving
 Credit Advances and Swing Line Advances

 	
  

 	
 21

 
	
  

 	
  

 	
  

 
	
 SECTION 2.03. The Competitive Bid
 Advances

 	
  

 	
 24

 
	
  

 	
  

 	
  

 
	
 SECTION 2.04. Issuance of and Drawings
 and Reimbursement Under Letters of Credit

 	
  

 	
 29

 
	
  

 	
  

 	
  

 
	
 SECTION 2.05. Fees

 	
  

 	
 31

 
	
  

 	
  

 	
  

 
	
 SECTION 2.06. Termination or Reduction
 of the Commitments

 	
  

 	
 32

 
	
  

 	
  

 	
  

 
	
 SECTION 2.07. Repayment of Advances

 	
  

 	
 34

 
	
  

 	
  

 	
  

 
	
 SECTION 2.08. Interest on Revolving Credit
 Advances and Swing Line Advances

 	
  

 	
 36

 
	
  

 	
  

 	
  

 
	
 SECTION 2.09. Interest Rate
 Determination

 	
  

 	
 37

 
	
  

 	
  

 	
  

 
	
 SECTION 2.10. Prepayments of Revolving
 Credit Advances and Swing Line Advances

 	
  

 	
 39

 
	
  

 	
  

 	
  

 
	
 SECTION 2.11. Increased Costs

 	
  

 	
 40

 
	
  

 	
  

 	
  

 
	
 SECTION 2.12. Illegality

 	
  

 	
 42

 
	
  

 	
  

 	
  

 
	
 SECTION 2.13. Payments and Computations

 	
  

 	
 42

 
	
  

 	
  

 	
  

 
	
 SECTION 2.14. Taxes

 	
  

 	
 43

 
	
  

 	
  

 	
  

 
	
 SECTION 2.15. Sharing of Payments, Etc.

 	
  

 	
 46

 
	
  

 	
  

 	
  

 
	
 SECTION 2.16. Use of Proceeds

 	
  

 	
 47

 

i

	
  

 	
  

 	
  

 
	
 SECTION 2.17. Evidence of Debt

 	
  

 	
 47

 
	
  

 	
  

 	
  

 
	
 SECTION 2.18. Increase in the Aggregate
 Revolving Credit Commitments

 	
  

 	
 47

 
	
  

 	
  

 	
  

 
	
 SECTION 2.19. Extension of Termination
 Date

 	
  

 	
 49

 
	
  

 	
  

 	
  

 
	
 SECTION 2.20. Defaulting Lenders

 	
  

 	
 51

 
	
  

 	
  

 	
  

 
	
 ARTICLE III

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
 SECTION 3.01. Conditions Precedent to
 Effectiveness of Sections 2.01 and 2.03

 	
  

 	
 54

 
	
  

 	
  

 	
  

 
	
 SECTION 3.02. Initial Advance to Each
 Designated Subsidiary

 	
  

 	
 55

 
	
  

 	
  

 	
  

 
	
 SECTION 3.03. Conditions Precedent to
 Each Revolving Credit Borrowing, Swing Line Borrowing, Issuance, Commitment
 Increase and Extension Date

 	
  

 	
 56

 
	
  

 	
  

 	
  

 
	
 SECTION 3.04. Conditions Precedent to
 Each Competitive Bid Borrowing

 	
  

 	
 57

 
	
  

 	
  

 	
  

 
	
 SECTION 3.05. Determinations Under
 Section 3.01

 	
  

 	
 58

 
	
  

 	
  

 	
  

 
	
 ARTICLE IV

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
 SECTION 4.01. Representations and
 Warranties of the Company

 	
  

 	
 58

 
	
  

 	
  

 	
  

 
	
 ARTICLE V

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
 SECTION 5.01. Affirmative Covenants

 	
  

 	
 60

 
	
  

 	
  

 	
  

 
	
 SECTION 5.02. Negative Covenants

 	
  

 	
 64

 
	
  

 	
  

 	
  

 
	
 ARTICLE VI

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
 SECTION 6.01. Events of Default

 	
  

 	
 65

 
	
  

 	
  

 	
  

 
	
 SECTION 6.02. Actions in Respect of the
 Letters of Credit upon Default

 	
  

 	
 69

 
	
  

 	
  

 	
  

 
	
 ARTICLE VII

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
 SECTION 7.01. Unconditional Guarantee

 	
  

 	
 70

 
	
  

 	
  

 	
  

 
	
 SECTION 7.02. Guarantee Absolute

 	
  

 	
 71

 
	
  

 	
  

 	
  

 
	
 SECTION 7.03. Waivers

 	
  

 	
 71

 
	
  

 	
  

 	
  

 
	
 SECTION 7.04. Remedies

 	
  

 	
 71

 

ii

	
  

 	
  

 	
  

 
	
 SECTION 7.05. No Stay

 	
  

 	
 72

 
	
  

 	
  

 	
  

 
	
 SECTION 7.06. Survival

 	
  

 	
 72

 
	
  

 	
  

 	
  

 
	
 ARTICLE VIII

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
 SECTION 8.01. Authorization and
 Authority

 	
  

 	
 72

 
	
  

 	
  

 	
  

 
	
 SECTION 8.02. Agent Individually

 	
  

 	
 72

 
	
  

 	
  

 	
  

 
	
 SECTION 8.03. Duties of Agent;
 Exculpatory Provisions

 	
  

 	
 73

 
	
  

 	
  

 	
  

 
	
 SECTION 8.04. Reliance by Agent

 	
  

 	
 74

 
	
  

 	
  

 	
  

 
	
 SECTION 8.05. Indemnification

 	
  

 	
 75

 
	
  

 	
  

 	
  

 
	
 SECTION 8.06. Delegation of Duties

 	
  

 	
 76

 
	
  

 	
  

 	
  

 
	
 SECTION 8.07. Resignation of Agent

 	
  

 	
 76

 
	
  

 	
  

 	
  

 
	
 SECTION 8.08. Non-Reliance on Agent and
 Other Lenders

 	
  

 	
 77

 
	
  

 	
  

 	
  

 
	
 SECTION 8.09. Other Agents

 	
  

 	
 78

 
	
  

 	
  

 	
  

 
	
 ARTICLE IX

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
 SECTION 9.01. Amendments, Etc.

 	
  

 	
 78

 
	
  

 	
  

 	
  

 
	
 SECTION 9.02. Notices, Etc.

 	
  

 	
 79

 
	
  

 	
  

 	
  

 
	
 SECTION 9.03. No Waiver; Remedies

 	
  

 	
 80

 
	
  

 	
  

 	
  

 
	
 SECTION 9.04. Costs and Expenses

 	
  

 	
 80

 
	
  

 	
  

 	
  

 
	
 SECTION 9.05. Binding Effect

 	
  

 	
 81

 
	
  

 	
  

 	
  

 
	
 SECTION 9.06. Assignments and
 Participations

 	
  

 	
 82

 
	
  

 	
  

 	
  

 
	
 SECTION 9.07. Designated Subsidiaries

 	
  

 	
 84

 
	
  

 	
  

 	
  

 
	
 SECTION 9.08. Confidentiality

 	
  

 	
 86

 
	
  

 	
  

 	
  

 
	
 SECTION 9.09. Mitigation of Yield
 Protection

 	
  

 	
 86

 
	
  

 	
  

 	
  

 
	
 SECTION 9.10. Governing Law

 	
  

 	
 87

 
	
  

 	
  

 	
  

 
	
 SECTION 9.11. Execution in Counterparts

 	
  

 	
 87

 

iii

	
  

 	
  

 	
  

 
	
 SECTION 9.12. Jurisdiction, Etc.

 	
  

 	
 87

 
	
  

 	
  

 	
  

 
	
 SECTION 9.13. Substitution of Currency

 	
  

 	
 88

 
	
  

 	
  

 	
  

 
	
 SECTION 9.14. Final Agreement

 	
  

 	
 88

 
	
  

 	
  

 	
  

 
	
 SECTION 9.15. Judgment

 	
  

 	
 88

 
	
  

 	
  

 	
  

 
	
 SECTION 9.16. No Liability of the Issuing
 Banks

 	
  

 	
 88

 
	
  

 	
  

 	
  

 
	
 SECTION 9.17. Patriot Act Notice

 	
  

 	
 89

 
	
  

 	
  

 	
  

 
	
 SECTION 9.18. License Agreement and CDS Data

 	
  

 	
 89

 
	
  

 	
  

 	
  

 
	
 SECTION 9.19. No Fiduciary Duty

 	
  

 	
 90

 
	
  

 	
  

 	
  

 
	
 SECTION 9.20. Waiver of Jury Trial

 	
  

 	
 91

 

iv

	
  

 	
  

 	
  

 
	
 SCHEDULES

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
 Schedule I - List of Applicable Lending Offices

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
 Schedule II – Swing Line Commitments

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
 Schedule III – Mandatory Cost

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
 Schedule 2.01(b) - Existing Letters of Credit

 	
  

 	
  

 

	
  

 	
  

 	
  

 
	
 EXHIBITS

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
 Exhibit A-1

 	
 -

 	
 Form of
 Revolving Credit Note

 
	
  

 	
  

 	
  

 
	
 Exhibit A-2

 	
 -

 	
 Form of
 Competitive Bid Note

 
	
  

 	
  

 	
  

 
	
 Exhibit B-1

 	
 -

 	
 Form of
 Notice of Revolving Credit Borrowing

 
	
  

 	
  

 	
  

 
	
 Exhibit B-2

 	
 -

 	
 Form of
 Notice of Competitive Bid Borrowing

 
	
  

 	
  

 	
  

 
	
 Exhibit B-3

 	
 -

 	
 Form of
 Notice of Swing Line Borrowing

 
	
  

 	
  

 	
  

 
	
 Exhibit C

 	
 -

 	
 Form of
 Assignment and Acceptance

 
	
  

 	
  

 	
  

 
	
 Exhibit D

 	
 -

 	
 Form of
 Designation Letter

 
	
  

 	
  

 	
  

 
	
 Exhibit E

 	
  

 	
 Form of
 Opinion of the General Counsel or an Assistant General Counsel of the Company

 
	
  

 	
  

 	
  

 
	
 Exhibit F

 	
 -

 	
 Form of
 Opinion of Counsel to a Designated Subsidiary

 
	
  

 	
  

 	
  

 
	
 Exhibit G

 	
  

 	
 Form of
 Opinion of Shearman & Sterling LLP, Counsel to the Agent

 

v

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