Document:

Exhibit 4.8

 

SUPPLEMENTAL INDENTURE No. 2

 

Supplemental Indenture (this “Supplemental Indenture”), dated as
of March 13, 2007, among Travelport LLC, formerly TDS Investor Corporation (the
“Issuer”), TDS Investor (Luxembourg) S.à.r.l., the parent of the Issuer
(the “New Intermediate Parent Guarantor”), Travelport Inc. and Orbitz
Worldwide, Inc. (collectively the “New Subsidiary Guarantors”, and
together with the New Intermediate Parent Guarantor the “New Guarantors”),
each a subsidiary of the New Intermediate Parent Guarantor, and Travelport
Holdings, Inc., a Delaware corporation (the “Co-Obligor”), and The Bank
of Nova Scotia Trust Company of New York, as trustee (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, each of the Issuer and the Guarantors (as defined in the Indenture
referred to below) has heretofore executed and delivered to the Trustee an
indenture (as amended by Supplemental Indenture No. 1 thereto, the “Indenture”),
dated as of August 23, 2006, providing for the issuance of an unlimited aggregate
principal amount of 117/8% Dollar Senior Subordinated Notes due 2016
and 107/8%
Euro Senior Subordinated Notes due 2016 (together, the “Notes”);

 

WHEREAS, the Issuer has determined that it is in its best interest to
add Travelport Holdings, Inc. as a co-obligor of the Notes;

 

WHEREAS, the Issuer has determined that it is in its best interest to
add the New Guarantors as Guarantors (as defined in the Indenture) of the Notes
under the Indenture;

 

WHEREAS, the Indenture provides that under certain circumstances the
New Guarantors shall execute and deliver to the Trustee a supplemental
indenture pursuant to which the New Guarantors shall unconditionally guarantee
all of the Issuer’s Obligations under the Notes and the Indenture on the terms
and conditions set forth herein and under the Indenture (the “Guarantee”);
and

 

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is
authorized to execute and deliver this Supplemental Indenture.

 

 

 

NOW THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the
parties mutually covenant and agree for the equal and ratable benefit of the
Holders of the Notes as follows:

 

(1)                                  Capitalized Terms. Capitalized terms used herein without definition
shall have the meanings assigned to them in the Indenture.

 

(2)                                  Agreement to Guarantee. The New Guarantors hereby agree as follows:

 

(a)                                  Along with all Guarantors named in the
Indenture, to jointly and severally unconditionally guarantee to each Holder of
a Note authenticated and delivered by the Trustee and to the Trustee and its
successors and assigns, irrespective of the validity and enforceability of the
Indenture, the Notes or the obligations of the Issuer hereunder or thereunder,
that:

 

(i)                                      the principal of and
interest, premium and Additional Interest, if any, on the Notes will be
promptly paid in full when due, whether at maturity, by acceleration,
redemption or otherwise, and interest on the overdue principal of and interest
on the Notes, if any, if lawful, and all other obligations of the Issuer to the
Holders or the Trustee hereunder or thereunder will be promptly paid in full or
performed, all in accordance with the terms hereof and thereof; and

 

(ii)                                   in case of any extension of
time of payment or renewal of any Notes or any of such other obligations, that
same will be promptly paid in full when due or performed in accordance with the
terms of the extension or renewal, whether at stated maturity, by acceleration
or otherwise. Failing payment when due of any amount so guaranteed or any
performance so guaranteed for whatever reason, the Guarantors and the New
Guarantors shall be jointly and severally obligated to pay the same immediately.
This is a guarantee of payment and not a guarantee of collection.

 

(b)                                 The obligations hereunder shall be
unconditional, irrespective of the validity, regularity or enforceability of
the Notes or the Indenture, the absence of any action to enforce the same, any
waiver or consent by any Holder of the Notes with respect to any provisions
hereof or thereof, the recovery of any judgment against the Issuer, any action
to enforce the same or any other circumstance which might otherwise constitute
a legal or equitable discharge or defense of a guarantor.

 

(c)                                  The following is hereby waived:  diligence, presentment, demand of payment, filing
of claims with a court in the event of insolvency or bankruptcy of the Issuer,
any right to require a proceeding first against the Issuer, protest, notice and
all demands whatsoever.

 

(d)                                 These Guarantees shall not be discharged
except by complete performance of the obligations contained in the Notes, the
Indenture and this Supplemental Indenture, and the New Guarantors accept all
obligations of a Guarantor under the Indenture.

 

(e)                                  If any Holder or the Trustee is required by
any court or otherwise to return to the Issuer, the Guarantors (including the
New Guarantors), or any custodian, trustee, liquidator or other similar
official acting in relation to either the Issuer or the Guarantors, any amount
paid either to 

 

2

 

the Trustee or such Holder,
these Guarantees, to the extent theretofore discharged, shall be reinstated in
full force and effect.

 

(f)                                    The New Guarantors shall not be entitled to
any right of subrogation in relation to the Holders in respect of any
obligations guaranteed hereby until payment in full of all obligations
guaranteed hereby.

 

(g)                                 As between the New Guarantors, on the one
hand, and the Holders and the Trustee, on the other hand, (x) the maturity of
the obligations guaranteed hereby may be accelerated as provided in Article 6
of the Indenture for the purposes of these Guarantees, notwithstanding any
stay, injunction or other prohibition preventing such acceleration in respect
of the obligations guaranteed hereby, and (y) in the event of any declaration
of acceleration of such obligations as provided in Article 6 of the Indenture,
such obligations (whether or not due and payable) shall forthwith become due
and payable by the New Guarantors for the purpose of these Guarantees.

 

(h)                                 The New Guarantors shall have the right to
seek contribution from any non-paying Guarantor so long as the exercise of such
right does not impair the rights of the Holders under these Guarantees.

 

(i)                                     Pursuant to Section 11.02 of the Indenture,
after giving effect to all other contingent and fixed liabilities that are
relevant under any applicable Bankruptcy or fraudulent conveyance laws, and
after giving effect to any collections from, rights to receive contribution
from or payments made by or on behalf of any other Guarantor in respect of the
obligations of such other Guarantor under Article 11 of the Indenture, these
new Guarantees shall be limited to the maximum amount permissible such that the
obligations of such New Guarantor under these Guarantees will not constitute a
fraudulent transfer or conveyance.

 

(j)                                     This Guarantee shall remain in full force and
effect and continue to be effective should any petition be filed by or against
the Issuer for liquidation, reorganization, should the Issuer become insolvent
or make an assignment for the benefit of creditors or should a receiver or
trustee be appointed for all or any significant part of the Issuer’s assets,
and shall, to the fullest extent permitted by law, continue to be effective or
be reinstated, as the case may be, if at any time payment and performance of
the Notes are, pursuant to applicable law, rescinded or reduced in amount, or
must otherwise be restored or returned by any obligee on the Notes and
Guarantee, whether as a “voidable preference”, “fraudulent transfer” or
otherwise, all as though such payment or performance had not been made. In the
event that any payment or any part thereof, is rescinded, reduced, restored or
returned, the Note shall, to the fullest extent permitted by law, be reinstated
and deemed reduced only by such amount paid and not so rescinded, reduced,
restored or returned.

 

(k)                                  In case any provision of these Guarantees
shall be invalid, illegal or unenforceable, the validity, legality, and
enforceability of the remaining provisions shall not in any way be affected or
impaired thereby.

 

(l)                                     These Guarantees shall be general unsecured
senior obligation of such New Guarantor, ranking pari passu
with any other future Senior Indebtedness of the New Guarantor, if any.

 

(m)                               Each payment to be made by the New Guarantor
in respect of these Guarantees shall be made without set-off, counterclaim,
reduction or diminution of any kind or nature.

 

3

 

(3)                                  Execution and Delivery. The New Guarantors agree that the
Guarantees shall remain in full force and effect notwithstanding the absence of
the endorsement of any notation of such Guarantees on the Notes.

 

(4)                                  Merger, Consolidation or Sale of All or
Substantially All Assets.

 

(a)                                  Except as otherwise provided in Section
5.01(c) of the Indenture, the New Guarantors may not consolidate or merge with
or into or wind up into (whether or not the Issuer or New Guarantors are the
surviving corporation), or sell, assign, transfer, lease, convey or otherwise
dispose of all or substantially all of their properties or assets, in one or
more related transactions, to any Person unless:

 

(i)                                     (A) the New Guarantor is the surviving
corporation or the Person formed by or surviving any such consolidation or
merger (if other than the New Guarantor) or to which such sale, assignment,
transfer, lease, conveyance or other disposition will have been made is a
corporation organized or existing under the laws of the jurisdiction of
organization of the New Guarantor, as the case may be, or the laws of the
United States, any state thereof, the District of Columbia, or any territory
thereof (the New Guarantor or such Person, as the case may be, being herein called
the “Successor Person”);

 

(B)                                the Successor Person, if other than the New
Guarantor, expressly assumes all the obligations of the New Guarantor under the
Indenture and the New Guarantor’s related Guarantee pursuant to supplemental
indentures or other documents or instruments in form reasonably satisfactory to
the Trustee;

 

(C)                                immediately after such transaction, no
Default exists; and

 

(D)                               the Issuer shall have delivered to the
Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that
such consolidation, merger or transfer and such supplemental indentures, if
any, comply with the Indenture; or

 

(ii)                                  the transaction is made in compliance with
Section 4.10 of the Indenture;

 

(b)                                 Subject to certain limitations described in
the Indenture, the Successor Person will succeed to, and be substituted for,
the New Guarantor under the Indenture and the New Guarantor’s Guarantee. Notwithstanding
the foregoing, the New Guarantors may merge into or transfer all or part of
their properties and assets to another Guarantor or the Issuer.

 

(5)                                  Releases.

 

4

 

The Guarantee of the New Guarantors shall be automatically and
unconditionally released and discharged, and no further action by the New
Guarantors, the Issuer or the Trustee is required for the release of the New
Guarantors’ Guarantee, upon:

 

(1)                                  (A) 
any sale, exchange or transfer (by merger or otherwise) of the Capital
Stock of a Guaranteeing Subsidiary (including any sale, exchange or transfer),
after which the New Guarantor is no longer a Restricted Subsidiary or all or
substantially all the assets of the New Guarantor which sale, exchange or
transfer is made in compliance with the applicable provisions of the Indenture;

 

(B)                                the release or discharge of the guarantee by
the New Guarantor of the Senior Credit Facilities or the guarantee which
resulted in the creation of the Guarantee, except a discharge or release by or
as a result of payment under such guarantee;

 

(C)                                the proper designation of a Guaranteeing
Subsidiary as an Unrestricted Subsidiary; or

 

(D)                               the Issuer exercising its Legal Defeasance
option or Covenant Defeasance option in accordance with Article 8 of the
Indenture or the Issuer’s obligations under the Indenture being discharged in
accordance with the terms of the Indenture; and

 

(2)                                   the
New Guarantor delivering to the Trustee an Officer’s Certificate and an Opinion
of Counsel, each stating that all conditions precedent provided for in the
Indenture relating to such transaction have been complied with.

 

(6)                                  Addition of Co-Obligor. All references to “Issuer” contained in the
Indenture and the Notes shall be deemed to include the Co-Obligor, and the
Co-Obligor shall, jointly and severally with the Issuer, become obligated with
respect to all Obligations of the Issuer under the Indenture and the Notes.

 

(7)                                  No Recourse Against Others. No director, officer, employee,
incorporator or stockholder of the Co-Obligor or the New Guarantors shall have
any liability for any obligations of the Issuer or the Guarantors (including
the Co-Obligor or the New Guarantors) under the Notes, any Guarantees, the
Indenture or this Supplemental Indenture or for any claim based on, in respect
of, or by reason of, such obligations or their creation. Each Holder by accepting
Notes waives and releases all such liability. The waiver and release are part
of the consideration for issuance of the Notes.

 

(7)                                  Governing Law. THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED
BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

5

 

(8)                                  Counterparts. The parties may sign any number of copies
of this Supplemental Indenture. Each signed copy shall be an original, but all
of them together represent the same agreement.

 

(9)                                  Effect of Headings. The Section headings herein are for
convenience only and shall not affect the construction hereof.

 

(10)                            The Trustee. The Trustee shall not be responsible in any manner whatsoever for or
in respect of the validity or sufficiency of this Supplemental Indenture or for
or in respect of the recitals contained herein, all of which recitals are made
solely by Co-Obligor or the New Guarantors.

 

(11)                            Subrogation. The New Guarantors shall be subrogated to all rights of Holders of
Notes against the Issuer and the Co-Obligor in respect of any amounts paid by
the New Guarantors pursuant to the provisions of Section 2 hereof and Section
11.01 of the Indenture; provided that, if an Event of Default has
occurred and is continuing, the New Guarantors shall not be entitled to enforce
or receive any payments arising out of, or based upon, such right of
subrogation until all amounts then due and payable by the Issuer and the
Co-Obligor under the Indenture or the Notes shall have been paid in full.

 

(12)                            Benefits Acknowledged. The New Guarantors’ Guarantees are subject
to the terms and conditions set forth in the Indenture. The New Guarantors
acknowledge that they will receive direct and indirect benefits from the
financing arrangements contemplated by the Indenture and this Supplemental
Indenture and that the guarantee and waivers made by it pursuant to these
Guarantees are knowingly made in contemplation of such benefits.

 

(13)                            Successors. All agreements of the Co-Obligor and the New Guarantors in this Supplemental
Indenture shall bind its Successors, except as otherwise provided in Section
2(k) hereof or elsewhere in this Supplemental Indenture. All agreements of the
Trustee in this Supplemental Indenture shall bind its successors.

 

6

 

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed, all as of the date first above written.

 

 

	
   

  	
  TRAVELPORT
  LLC,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kevin Monaco

  	
   

  
	
   

  	
   

  	
  Name: Kevin Monaco

  
	
   

  	
   

  	
  Title: Senior Vice
  President and Treasurer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ORBITZ WORLDWIDE, INC.,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
   

  
	
   

  	
  /s/ Kevin Monaco

  	
   

  
	
   

  	
   

  	
  Name: Kevin Monaco

  
	
   

  	
   

  	
  Title: Senior Vice President and Treasurer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  TDS INVESTOR (LUXEMBOURG) S.A.R.L,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
   

  
	
   

  	
  /s/ John Sutherland

  	
   

  
	
   

  	
   

  	
  Name: John Sutherland

  
	
   

  	
   

  	
  Title: Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  TRAVELPORT HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
   

  
	
   

  	
  /s/ Kevin Monaco

  	
   

  
	
   

  	
   

  	
  Name: Kevin Monaco

  
	
   

  	
   

  	
  Title: Senior Vice President and Treasurer

  
	
   

  	
   

  
	
   

  	
   

  

 

7

 

	
   

  	
  TRAVELPORT INC.

  
	
   

  	
  By:

  
	
   

  	
   

  
	
   

  	
  /s/ Kevin Monaco

  	
   

  
	
   

  	
   

  	
  Name: Kevin Monaco

  
	
   

  	
   

  	
  Title: Senior Vice President and Treasurer

  
				

 

8

 

	
   

  	
  THE
  BANK OF NOVA SCOTIA TRUST

  COMPANY OF NEW YORK, as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Warren A. Goshire

  	
   

  
	
   

  	
   

  	
  Name: Warren A. Goshire

  
	
   

  	
   

  	
  Title: Vice President

  

 

9Exhibit 10.1

 

 

FIRST AMENDED AND RESTATED CREDIT AGREEMENT

 

Dated as of August 23, 2006

 

As Amended and Restated on January 29, 2007

 

among

 

TRAVELPORT INC. (F/K/A TDS INVESTOR CORPORATION),

as Borrower,

 

TRAVELPORT LIMITED (F/K/A TDS INVESTOR (BERMUDA) LTD.),

as Holdings

 

WALTONVILLE LIMITED,

as Intermediate Parent

 

UBS AG, STAMFORD BRANCH,

as Administrative Agent and L/C Issuer,

 

UBS LOAN FINANCE LLC,

as Swing Line Lender

 

THE OTHER LENDERS PARTY HERETO,

 

CREDIT SUISSE SECURITIES (USA), LLC,

as Syndication Agent,

 

LEHMAN BROTHERS INC.,

CITIGROUP GLOBAL MARKETS INC. and

DEUTSCHE BANK AG NEW YORK BRANCH,

as Co-Documentation Agents,

 

UBS SECURITIES LLC,

LEHMAN BROTHERS INC. and

CREDIT SUISSE SECURITIES (USA) LLC,

as Co-Lead Arrangers,

 

and

 

UBS SECURITIES LLC,

LEHMAN BROTHERS INC. and

CREDIT SUISSE SECURITIES (USA) LLC,

as Joint Bookrunners

 

 

 

Cahill Gordon & Reindel LLP

80 Pine Street

New York, New York 10005

 

 

TABLE OF CONTENTS

 

	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  ARTICLE I

  	
   

  
	
   

  	
   

  
	
  DEFINITIONS AND ACCOUNTING TERMS

  	
   

  
	
   

  	
   

  
	
  SECTION 1.01

  	
  DEFINED TERMS

  	
  2

  
	
  SECTION 1.02

  	
  OTHER INTERPRETIVE PROVISIONS

  	
  53

  
	
  SECTION 1.03

  	
  ACCOUNTING TERMS

  	
  54

  
	
  SECTION 1.04

  	
  ROUNDING

  	
  54

  
	
  SECTION 1.05

  	
  REFERENCES TO AGREEMENTS, LAWS, ETC

  	
  54

  
	
  SECTION 1.06

  	
  TIMES OF DAY

  	
  54

  
	
  SECTION 1.07

  	
  TIMING OF PAYMENT OF PERFORMANCE

  	
  54

  
	
  SECTION 1.08

  	
  CURRENCY EQUIVALENTS GENERALLY

  	
  54

  
	
  SECTION 1.09

  	
  EFFECT OF THIS AGREEMENT ON THE ORIGINAL CREDIT
  AGREEMENT AND THE OTHER LOAN DOCUMENTS

  	
  55

  
	
  SECTION 1.10

  	
  SECOND AMENDED AND RESTATED CREDIT AGREEMENT

  	
  58

  
	
   

  	
   

  	
   

  
	
  ARTICLE II

  	
   

  
	
   

  	
   

  	
   

  
	
  THE COMMITMENTS AND CREDIT EXTENSIONS

  	
   

  
	
   

  	
   

  	
   

  
	
  SECTION 2.01

  	
  THE LOANS

  	
  58

  
	
  SECTION 2.02

  	
  BORROWINGS, CONVERSIONS AND CONTINUATIONS OF LOANS

  	
  60

  
	
  SECTION 2.03

  	
  LETTERS OF CREDIT

  	
  63

  
	
  SECTION 2.04

  	
  SWING LINE LOANS

  	
  75

  
	
  SECTION 2.05

  	
  PREPAYMENTS

  	
  78

  
	
  SECTION 2.06

  	
  TERMINATION OR REDUCTION OF COMMITMENTS

  	
  82

  
	
  SECTION 2.07

  	
  REPAYMENT OF LOANS

  	
  83

  
	
  SECTION 2.08

  	
  INTEREST

  	
  84

  
	
  SECTION 2.09

  	
  FEES

  	
  85

  
	
  SECTION 2.10

  	
  COMPUTATION OF INTEREST AND FEES

  	
  86

  
	
  SECTION 2.11

  	
  EVIDENCE OF INDEBTEDNESS

  	
  86

  
	
  SECTION 2.12

  	
  PAYMENTS GENERALLY

  	
  87

  
	
  SECTION 2.13

  	
  SHARING OF PAYMENTS

  	
  89

  
	
  SECTION 2.14

  	
  INCREMENTAL CREDIT EXTENSIONS

  	
  90

  
	
  SECTION 2.15

  	
  CURRENCY EQUIVALENTS

  	
  91

  
	
   

  	
   

  	
   

  
	
  ARTICLE III

  	
   

  
	
   

  	
   

  	
   

  
	
  TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY

  	
   

  

 

i

 

	
  SECTION 3.01

  	
  TAXES

  	
  92

  
	
  SECTION 3.02

  	
  ILLEGALITY

  	
  94

  
	
  SECTION 3.03

  	
  INABILITY TO DETERMINE RATES

  	
  95

  
	
  SECTION 3.04

  	
  INCREASED COST AND REDUCED RETURN; CAPITAL
  ADEQUACY; RESERVES ON EUROCURRENCY RATE LOANS

  	
  95

  
	
  SECTION 3.05

  	
  FUNDING LOSSES

  	
  97

  
	
  SECTION 3.06

  	
  MATTERS APPLICABLE TO ALL REQUESTS FOR COMPENSATION

  	
  98

  
	
  SECTION 3.07

  	
  REPLACEMENT OF LENDERS UNDER CERTAIN CIRCUMSTANCES

  	
  99

  
	
  SECTION 3.08

  	
  SURVIVAL

  	
  100

  
	
   

  	
   

  	
   

  
	
  ARTICLE IV

  	
   

  
	
   

  	
   

  
	
  CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

  	
   

  
	
   

  	
   

  	
   

  
	
  SECTION 4.01

  	
  CONDITIONS
  OF FIRST AMENDMENT AND RESTATEMENT CREDIT EXTENSION

  	
  100

  
	
  SECTION 4.02

  	
  CONDITIONS
  TO ALL CREDIT EXTENSIONS

  	
  101

  
	
   

  	
   

  	
   

  
	
  ARTICLE V

  	
   

  
	
   

  	
   

  	
   

  
	
  REPRESENTATIONS AND WARRANTIES

  	
   

  
	
   

  	
   

  	
   

  
	
  SECTION 5.01

  	
  EXISTENCE, QUALIFICATION AND POWER; COMPLIANCE
  WITH LAWS

  	
  101

  
	
  SECTION 5.02

  	
  AUTHORIZATION; NO CONTRAVENTION

  	
  102

  
	
  SECTION 5.03

  	
  GOVERNMENTAL AUTHORIZATION; OTHER CONSENTS

  	
  102

  
	
  SECTION 5.04

  	
  BINDING EFFECT

  	
  102

  
	
  SECTION 5.05

  	
  FINANCIAL STATEMENTS; NO MATERIAL ADVERSE EFFECT

  	
  102

  
	
  SECTION 5.06

  	
  LITIGATION

  	
  103

  
	
  SECTION 5.07

  	
  NO DEFAULT

  	
  104

  
	
  SECTION 5.08

  	
  OWNERSHIP OF PROPERTY; LIENS

  	
  104

  
	
  SECTION 5.09

  	
  ENVIRONMENTAL COMPLIANCE

  	
  104

  
	
  SECTION 5.10

  	
  TAXES

  	
  105

  
	
  SECTION 5.11

  	
  ERISA COMPLIANCE

  	
  105

  
	
  SECTION 5.12

  	
  SUBSIDIARIES; EQUITY INTERESTS

  	
  106

  
	
  SECTION 5.13

  	
  MARGIN REGULATIONS; INVESTMENT COMPANY ACT

  	
  106

  
	
  SECTION 5.14

  	
  DISCLOSURE

  	
  106

  
	
  SECTION 5.15

  	
  INTELLECTUAL PROPERTY; LICENSES, ETC

  	
  107

  
	
  SECTION 5.16

  	
  SOLVENCY

  	
  107

  
	
  SECTION 5.17

  	
  SUBORDINATION OF JUNIOR FINANCING

  	
  107

  
	
  SECTION 5.18

  	
  LABOR MATTERS

  	
  107

  

 

ii

 

	
  ARTICLE VI

  	
   

  
	
   

  	
   

  	
   

  
	
  AFFIRMATIVE COVENANTS

  	
   

  
	
   

  	
   

  	
   

  
	
  SECTION 6.01

  	
  FINANCIAL STATEMENTS

  	
  107

  
	
  SECTION 6.02

  	
  CERTIFICATES; OTHER INFORMATION

  	
  109

  
	
  SECTION 6.03

  	
  NOTICES

  	
  110

  
	
  SECTION 6.04

  	
  PAYMENT OF OBLIGATIONS

  	
  110

  
	
  SECTION 6.05

  	
  PRESERVATION OF EXISTENCE, ETC

  	
  111

  
	
  SECTION 6.06

  	
  MAINTENANCE OF PROPERTIES

  	
  111

  
	
  SECTION 6.07

  	
  MAINTENANCE OF INSURANCE

  	
  111

  
	
  SECTION 6.08

  	
  COMPLIANCE WITH LAWS

  	
  111

  
	
  SECTION 6.09

  	
  BOOKS AND RECORDS

  	
  111

  
	
  SECTION 6.10

  	
  INSPECTION RIGHTS

  	
  111

  
	
  SECTION 6.11

  	
  COVENANT TO GUARANTEE OBLIGATIONS AND GIVE
  SECURITY

  	
  112

  
	
  SECTION 6.12

  	
  COMPLIANCE WITH ENVIRONMENTAL LAWS

  	
  114

  
	
  SECTION 6.13

  	
  FURTHER ASSURANCES AND POST-CLOSING CONDITIONS

  	
  114

  
	
  SECTION 6.14

  	
  DESIGNATION OF SUBSIDIARIES

  	
  115

  
	
  SECTION 6.15

  	
  FLOOD INSURANCE

  	
  116

  
	
  SECTION 6.16

  	
  POST-CLOSING MATTERS

  	
  116

  
	
   

  	
   

  	
   

  
	
  ARTICLE VII

  	
   

  
	
   

  	
   

  	
   

  
	
  NEGATIVE COVENANTS

  	
   

  
	
   

  	
   

  	
   

  
	
  SECTION 7.01

  	
  LIENS

  	
  117

  
	
  SECTION 7.02

  	
  INVESTMENTS

  	
  120

  
	
  SECTION 7.03

  	
  INDEBTEDNESS

  	
  123

  
	
  SECTION 7.04

  	
  FUNDAMENTAL CHANGES

  	
  127

  
	
  SECTION 7.05

  	
  DISPOSITIONS

  	
  128

  
	
  SECTION 7.06

  	
  RESTRICTED PAYMENTS

  	
  130

  
	
  SECTION 7.07

  	
  CHANGE IN NATURE OF BUSINESS

  	
  133

  
	
  SECTION 7.08

  	
  TRANSACTIONS WITH AFFILIATES

  	
  133

  
	
  SECTION 7.09

  	
  BURDENSOME AGREEMENTS

  	
  134

  
	
  SECTION 7.10

  	
  USE OF PROCEEDS

  	
  134

  
	
  SECTION 7.11

  	
  MAXIMUM TOTAL LEVERAGE RATIO

  	
  134

  
	
  SECTION 7.12

  	
  ACCOUNTING CHANGES

  	
  135

  
	
  SECTION 7.13

  	
  PREPAYMENTS, ETC. OF INDEBTEDNESS

  	
  135

  
	
  SECTION 7.14

  	
  EQUITY INTERESTS OF THE BORROWER AND RESTRICTED
  SUBSIDIARIES

  	
  136

  
	
  SECTION 7.15

  	
  HOLDING COMPANY; FOREIGN SUBSIDIARIES

  	
  136

  
	
   

  	
   

  	
   

  
	
  ARTICLE VIII

  	
   

  
	
   

  	
   

  	
   

  
	
  EVENTS OF DEFAULT AND REMEDIES

  	
   

  

 

iii

 

	
  SECTION 8.01

  	
  EVENTS OF DEFAULT

  	
  136

  
	
  SECTION 8.02

  	
  REMEDIES UPON EVENT OF DEFAULT

  	
  138

  
	
  SECTION 8.03

  	
  EXCLUSION OF IMMATERIAL SUBSIDIARIES

  	
  139

  
	
  SECTION 8.04

  	
  APPLICATION OF FUNDS

  	
  139

  
	
  SECTION 8.05

  	
  BORROWER’S RIGHT TO CURE

  	
  140

  
	
   

  	
   

  	
   

  
	
  ARTICLE IX

  	
   

  
	
   

  	
   

  	
   

  
	
  ADMINISTRATIVE AGENT AND OTHER AGENTS

  	
   

  
	
   

  	
   

  	
   

  
	
  SECTION 9.01

  	
  APPOINTMENT AND AUTHORIZATION OF AGENTS

  	
  141

  
	
  SECTION 9.02

  	
  DELEGATION OF DUTIES

  	
  142

  
	
  SECTION 9.03

  	
  LIABILITY OF AGENTS

  	
  142

  
	
  SECTION 9.04

  	
  RELIANCE BY AGENTS

  	
  143

  
	
  SECTION 9.05

  	
  NOTICE OF DEFAULT

  	
  143

  
	
  SECTION 9.06

  	
  CREDIT DECISION; DISCLOSURE OF INFORMATION BY
  AGENTS

  	
  143

  
	
  SECTION 9.07

  	
  INDEMNIFICATION OF AGENTS

  	
  144

  
	
  SECTION 9.08

  	
  AGENTS IN THEIR INDIVIDUAL CAPACITIES

  	
  144

  
	
  SECTION 9.09

  	
  SUCCESSOR AGENTS

  	
  145

  
	
  SECTION 9.10

  	
  ADMINISTRATIVE AGENT MAY FILE PROOFS OF CLAIM

  	
  145

  
	
  SECTION 9.11

  	
  COLLATERAL AND GUARANTY MATTERS

  	
  146

  
	
  SECTION 9.12

  	
  OTHER AGENTS; ARRANGERS AND MANAGERS

  	
  147

  
	
  SECTION 9.13

  	
  APPOINTMENT OF SUPPLEMENTAL ADMINISTRATIVE AGENTS

  	
  147

  
	
   

  	
   

  	
   

  
	
  ARTICLE X

  	
   

  
	
   

  	
   

  	
   

  
	
  MISCELLANEOUS

  	
   

  
	
   

  	
   

  	
   

  
	
  SECTION 10.01

  	
  AMENDMENTS, ETC

  	
  148

  
	
  SECTION 10.02

  	
  NOTICES AND OTHER COMMUNICATIONS; FACSIMILE COPIES

  	
  151

  
	
  SECTION 10.03

  	
  NO WAIVER; CUMULATIVE REMEDIES

  	
  152

  
	
  SECTION 10.04

  	
  ATTORNEY COSTS, EXPENSES AND TAXES

  	
  152

  
	
  SECTION 10.05

  	
  INDEMNIFICATION BY THE BORROWER

  	
  152

  
	
  SECTION 10.06

  	
  PAYMENTS SET ASIDE

  	
  153

  
	
  SECTION 10.07

  	
  SUCCESSORS AND ASSIGNS

  	
  154

  
	
  SECTION 10.08

  	
  CONFIDENTIALITY

  	
  158

  
	
  SECTION 10.09

  	
  SETOFF

  	
  159

  
	
  SECTION 10.10

  	
  INTEREST RATE LIMITATION

  	
  159

  
	
  SECTION 10.11

  	
  COUNTERPARTS

  	
  159

  
	
  SECTION 10.12

  	
  INTEGRATION

  	
  160

  
	
  SECTION 10.13

  	
  SURVIVAL OF REPRESENTATIONS AND WARRANTIES

  	
  160

  
	
  SECTION 10.14

  	
  SEVERABILITY

  	
  160

  

 

iv

 

	
  SECTION 10.15

  	
  TAX FORMS

  	
  160

  
	
  SECTION 10.16

  	
  GOVERNING LAW

  	
  162

  
	
  SECTION 10.17

  	
  WAIVER OF RIGHT TO TRIAL BY JURY

  	
  163

  
	
  SECTION 10.18

  	
  BINDING EFFECT

  	
  163

  
	
  SECTION 10.19

  	
  JUDGMENT CURRENCY

  	
  163

  
	
  SECTION 10.20

  	
  LENDER ACTION

  	
  163

  
	
  SECTION 10.21

  	
  USA PATRIOT ACT

  	
  164

  
	
  SECTION 10.22

  	
  AGENT FOR SERVICE OF PROCESS

  	
  164

  
	
   

  	
   

  	
   

  

 

	
  SCHEDULES

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  1.01A

  	
  [Reserved]

  	
   

  
	
  1.01B

  	
  Certain
  Security Interests and Guarantees

  	
   

  
	
  1.01C

  	
  Unrestricted
  Subsidiaries

  	
   

  
	
  1.01D

  	
  Mandatory
  Cost

  	
   

  
	
  1.01E

  	
  Existing
  Letters of Credit

  	
   

  
	
  1.01F

  	
  [Reserved]

  	
   

  
	
  1.01G

  	
  Excluded
  Subsidiaries

  	
   

  
	
  2.01

  	
  Dollar
  Revolving Credit Commitment; Alternative Currency Revolving Credit Commitment

  	
   

  
	
  2.01(b)

  	
  Euro
  Term Commitment

  	
   

  
	
  2.03(a)(iii)(B)

  	
  Certain
  Letters of Credit

  	
   

  
	
  5.05

  	
  Certain
  Liabilities

  	
   

  
	
  5.09(b)

  	
  Environmental
  Matters

  	
   

  
	
  5.09(d)

  	
  Hazardous
  Materials

  	
   

  
	
  5.10

  	
  Taxes

  	
   

  
	
  5.11(a)

  	
  ERISA
  Compliance

  	
   

  
	
  5.12

  	
  Subsidiaries
  and Other Equity Investments

  	
   

  
	
  7.01(b)

  	
  Existing
  Liens

  	
   

  
	
  7.02(f)

  	
  Existing
  Investments

  	
   

  
	
  7.03(b)

  	
  Existing
  Indebtedness

  	
   

  
	
  7.04(f)

  	
  Permitted
  Subsidiary Fundamental Changes

  	
   

  
	
  7.05(k)

  	
  Dispositions

  	
   

  
	
  7.05(m)

  	
  Permitted
  Subsidiary Dispositions

  	
   

  
	
  7.08

  	
  Transactions
  with Affiliates

  	
   

  
	
  7.09

  	
  Existing
  Restrictions

  	
   

  
	
  10.02

  	
  Administrative
  Agent’s Office, Certain Addresses for Notices

  	
   

  
	
   

  	
   

  	
   

  
	
  EXHIBITS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Form of

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  A

  	
  Committed
  Loan Notice

  	
   

  
	
  B

  	
  Swing
  Line Loan Notice

  	
   

  
	
  C-1

  	
  Tranche
  B Dollar Term Note

  	
   

  
	
  C-2

  	
  Euro
  Term Note

  	
   

  
	
  C-3

  	
  Dollar
  Revolving Credit Note

  	
   

  

 

v

 

	
  C-4

  	
  Alternative
  Currency Revolving Credit Note

  	
   

  
	
  C-5

  	
  Post-First
  Amendment and Restatement Synthetic L/C Note

  	
   

  
	
  D

  	
  Compliance
  Certificate

  	
   

  
	
  E

  	
  Assignment
  and Assumption

  	
   

  
	
  F

  	
  Guaranty

  	
   

  
	
  G

  	
  Security
  Agreement

  	
   

  
	
  H

  	
  [Reserved]

  	
   

  
	
  I

  	
  Opinion
  Matters — Counsel to Loan Parties

  	
   

  
	
  J

  	
  Intellectual
  Property Security Agreement

  	
   

  
	
  K

  	
  Tranche
  B Lender Addendum

  	
   

  

 

vi

 

CREDIT AGREEMENT

 

This
FIRST AMENDED AND RESTATED CREDIT AGREEMENT (“Agreement”)
is entered into as of January 29, 2007, among TRAVELPORT INC. (F/K/A TDS
INVESTOR CORPORATION), a Delaware corporation (the “Borrower”), TRAVELPORT LIMITED (F/K/A TDS INVESTOR (BERMUDA)
LTD.), a company incorporated under the laws of Bermuda (“Holdings”), WALTONVILLE LIMITED, a company
incorporated under the laws of Gibraltar (“Intermediate
Parent”), UBS AG, STAMFORD BRANCH, as Administrative Agent and an
L/C Issuer, UBS LOAN FINANCE LLC, as Swing Line Lender, each lender from time
to time party hereto (collectively, the “Lenders”
and individually, a “Lender”),
CREDIT SUISSE SECURITIES (USA) LLC, as Syndication Agent, and LEHMAN BROTHERS
INC., CITICORP NORTH AMERICA, INC. and DEUTSCHE BANK AG NEW YORK BRANCH, as
Co-Documentation Agents.

 

PRELIMINARY STATEMENTS

 

Pursuant
to the Purchase Agreement (as this and other capitalized terms used in these
preliminary statements are defined in Section 1.01 below), the Borrower
acquired the Target (the “Acquisition”)
on the Closing Date.

 

Simultaneously
with the consummation of the Acquisition, the Lenders extended credit to the
Borrower in the form of (i) Dollar Term Loans in an initial aggregate Dollar
Amount of $1,410,000,000, (ii) Euro Term Loans in an initial aggregate amount
of €620,000,000, (iii) a Dollar Revolving Credit Facility in an initial
aggregate Dollar Amount of $175,000,000, (iv) an Alternative Currency Revolving
Credit Facility in an initial aggregate Dollar Amount of $100,000,000 and (v) a
Synthetic L/C Facility in an aggregate Dollar Amount of $125,000,000 pursuant
to a Credit Agreement dated as of August 23, 2006 (the “Original Credit Agreement”) (which term
shall, unless the context otherwise requires, include any amendment thereto
prior to the First Amendment and Restatement Effective Date (as defined below).
The Dollar Revolving Credit Facility may include one or more Swing Line Loans
and one or more Dollar Revolving Letters of Credit from time to time. The
Alternative Currency Revolving Credit Facility may include one or more
Alternative Currency Revolving Letters of Credit from time to time.

 

The
proceeds of the Term Loans, together with the proceeds of (i) the issuance of
the Notes and (ii) the Equity Contribution, was used to finance the repayment
of certain existing Indebtedness of the Target and pay the Purchase Price and
the Transaction Expenses. The proceeds of Revolving Credit Loans made after the
Closing Date will be used for working capital and other general corporate
purposes of Holdings and its Subsidiaries, including the financing of Permitted
Acquisitions. Swing Line Loans and Letters of Credit will be used for general
corporate purposes of Holdings and its Subsidiaries.

 

The
applicable Lenders have indicated their willingness to lend, and the L/C
Issuers have indicated their willingness to issue Letters of Credit, in each
case, on the terms and subject to the conditions set forth herein.

 

1

 

The
Borrower intends to (a) prepay certain Obligations in respect of the Dollar
Term Loans through the repayment and/or conversion of all outstanding Dollar
Term Loans into, or with the proceeds of, new Tranche B Dollar Term Loans (the “Tranche B Dollar Term Loans”) in an
aggregate principal amount of $1,406,475,000, (b) exchange the Credit-Linked
Deposits of the Synthetic LC Lenders for Post-First Amendment and Restatement
Credit-Linked Deposits of the Post-First Amendment and Restatement Synthetic LC
Lenders and (c) exchange the participations in Synthetic L/C Letters of Credit
of the Synthetic L/C Lenders for participations in Synthetic L/C Letters of
Credit of the Post-First Amendment and Restatement Synthetic LC Lenders.

 

The
parties hereto wish to amend and restate the Original Credit Agreement in its
entirety to, among other things, reflect the modification set forth in the
previous paragraph.

 

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

 

ARTICLE
I

 

Definitions
and Accounting Terms

 

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

 

“Acquired EBITDA” means, with respect to any
Acquired Entity or Business for any period, the amount for such period of
Consolidated EBITDA of such Acquired Entity or Business (determined as if
references to Holdings, Borrower and the Restricted Subsidiaries in the definition
of Consolidated EBITDA were references to such Acquired Entity or Business and
its Subsidiaries), all as determined on a consolidated basis for such Acquired
Entity or Business.

 

“Acquired Entity or Business” has the
meaning specified in the definition of the term “Consolidated EBITDA”.

 

“Acquisition” has the meaning specified in
the preliminary statements to this Agreement.

 

“Act” has the meaning specified in Section
10.21.

 

“Additional Lender” has the meaning
specified in Section 2.14(a).

 

“Administrative Agent” means UBS AG,
Stamford Branch, in its capacity as administrative agent under the Loan
Documents, or any successor administrative agent.

 

“Administrative Agent’s Office” means, with
respect to any currency, the Administrative Agent’s address and, as
appropriate, account as set forth on Schedule 10.02 with respect to such
currency, or such other address or account with respect to such currency as the
Administrative Agent may from time to time notify the Borrower and the Lenders.

 

2

 

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

 

“Affiliate” means, with respect to any
Person, another Person that directly, or indirectly through one or more intermediaries,
Controls or is Controlled by or is under common Control with the Person
specified. “Control” means the possession, directly or indirectly, of the power
to direct or cause the direction of the management or policies of a Person, whether
through the ability to exercise voting power, by contract or otherwise. “Controlling”
and “Controlled” have meanings correlative thereto.

 

“Agent-Related Persons” means the Agents,
together with their respective Affiliates, and the officers, directors,
employees, agents and attorneys-in-fact of such Persons and Affiliates.

 

“Agents” means, collectively, the
Administrative Agent, the Collateral Agent, the Syndication Agent, the
Co-Documentation Agents and the Supplemental Administrative Agents (if any).

 

“Aggregate Commitments” means the
Commitments of all the Lenders.

 

“Agreement” means this Amended and Restated
Credit Agreement.

 

“Agreement Currency” has the meaning
specified in Section 10.19.

 

“Alternative Currency” means Sterling or
Euros.

 

“Alternative Currency Revolving Credit Borrowing”
means a borrowing consisting of simultaneous Alternative Currency Revolving
Credit Loans of the same Type and having the same Interest Period made by each
of the Alternative Currency Revolving Credit Lenders pursuant to Section
2.01(c).

 

“Alternative Currency Revolving Credit Commitment”
means, as to each Alternative Currency Revolving Credit Lender, its obligation
to (a) make Alternative Currency Revolving Credit Loans to the Borrower
pursuant to Section 2.01(c)(ii), (b) purchase participations in Alternative
Currency Revolving L/C Obligations and (c) purchase participations in Swing
Line Loans, in an aggregate principal amount at any one time outstanding not to
exceed the amount set forth, opposite such Lender’s name on Schedule 2.01
under the caption “Alternative Currency Revolving Credit Commitment” or in the
Assignment and Assumption pursuant to which such Lender becomes a party hereto,
as applicable, as such amount may be adjusted from time to time in accordance with
this Agreement. The aggregate Dollar Amount of Alternative Currency Revolving
Credit Commitments of all Alternative Currency Revolving Credit Lenders shall
be $100,000,000 on the Closing Date, as such amount may be adjusted from time
to time in accordance with the terms of this Agreement.

 

“Alternative Currency Revolving Credit Exposure”
means, as to each Alternative Currency Revolving Credit Lender, the sum of the
outstanding principal amount of such Alternative Currency Revolving Credit
Lender’s Alternative Currency Revolving Credit Loans and its Pro Rata Share of
the Alternative Currency Revolving L/C Obligations at such time.

 

3

 

“Alternative Currency Revolving Credit Facility”
means, at any time, the aggregate Dollar Amount of the Alternative Currency
Revolving Credit Commitments at such time.

 

“Alternative Currency Revolving Credit Lender”
means, at any time, any Lender that has an Alternative Currency Revolving
Credit Commitment at such time.

 

“Alternative Currency Revolving Credit Loan”
has the meaning specified in Section 2.01(c)(ii).

 

“Alternative Currency Revolving Credit Note”
means a promissory note of the Borrower payable to any Alternative Currency
Revolving Credit Lender or its registered assigns, in substantially the form of
Exhibit C-4 hereto, evidencing the aggregate Indebtedness of the
Borrower to such Alternative Currency Revolving Credit Lender resulting from
the Alternative Currency Revolving Credit Loans made by such Alternative Currency
Revolving Credit Lender.

 

“Alternative Currency Revolving L/C Advance”
means, with respect to each Alternative Currency Revolving Credit Lender, such
Lender’s funding of its participation in any Alternative Currency Revolving L/C
Borrowing in accordance with its Pro Rata Share.

 

“Alternative Currency Revolving L/C Borrowing”
means an extension of credit resulting from a drawing under any Alternative
Currency Revolving Letter of Credit which has not been reimbursed on the
applicable Honor Date or refinanced as an Alternative Currency Revolving Credit
Borrowing.

 

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

 

“Alternative Currency Revolving L/C Issuer”
means UBS AG, Stamford Branch and any other Lender that becomes an Alternative
Currency Revolving L/C Issuer in accordance with Section 2.03(j) or 10.07(j),
in each case, in its capacity as an issuer of Alternative Currency Revolving
Letters of Credit hereunder, or any successor issuer of Alternative Currency
Revolving Letters of Credit hereunder.

 

“Alternative Currency Revolving L/C Obligations”
means, as at any date of determination, the aggregate maximum amount then
available to be drawn under all outstanding Alternative Currency Revolving
Letters of Credit (whether or not such maximum amount is then in effect under
any such Alternative Currency Revolving Letter of Credit if such maximum amount
increases periodically pursuant to the terms of such Alternative Currency
Revolving Letter of Credit) plus the aggregate of all Unreimbursed
Amounts in respect of Alternative Currency Revolving Letters of Credit,
including all Alternative Currency Revolving L/C Borrowings.

 

“Alternative Currency Revolving Letter of Credit”
means a Letter of Credit denominated in an Alternative Currency.

 

“Applicable Rate” means a percentage per
annum equal to:

 

(a)           with
respect to Euro Term Loans, 2.75%;

 

4

 

(b)           with
respect to Revolving Credit Loans, unused Revolving Credit Commitments,
Revolving Letter of Credit fees, Tranche B Dollar Term Loans and Post-First
Amendment and Restatement Synthetic L/C facility fees, (i) until delivery of
financial statements for the first full fiscal quarter commencing on or after
the Closing Date pursuant to Section 6.01, (A) for Eurocurrency Rate Loans that
are Revolving Credit Loans, 2.75%, (B) for Base Rate Loans that are Revolving
Credit Loans, 1.75%, (C) for Revolving Letter of Credit fees, 2.75% less the
fronting fee payable in respect of the applicable Revolving Letter of Credit,
(D) for commitment fees, 0.50%, (E) for Eurocurrency Rate Loans that are Tranche
B Dollar Term Loans, 2.50%, (F) for Base Rate Loans that are Tranche B Dollar
Term Loans, 1.50% and (G) for Post-First Amendment and Restatement Synthetic
L/C facility fees, 2.50% and (ii) thereafter, the following percentages per
annum, based upon the Total Leverage Ratio as set forth in the most recent
Compliance Certificate received by the Administrative Agent pursuant to Section
6.02(b):

 

	
  Applicable Rate

  	
   

  
	
  Pricing

  Level

  	
   

  	
  Total Leverage

  Ratio

  	
   

  	
  Eurocurrency

  Rate and 

  Revolving

  Letter of

  Credit Fees

  	
   

  	
  Base

  Rate for

  Revolving

  Loans

  	
   

  	
  Commitment

  Fee

  Rate

  	
   

  	
  Post-First

  Amendment

  and

  Restatement

  Synthetic L/C

  Facility Fee

  	
   

  	
  Eurocurrency

  Rate for 

  Tranche B

  Dollar Term

  Loans

  	
   

  	
  Base Rate

  for

  Tranche B

  Dollar

  Term

  Loans

  	
   

  
	
  1

  	
   

  	
  >4.5:1

  	
   

  	
  2.75

  	
  %

  	
  1.75

  	
  %

  	
  0.50

  	
  %

  	
  2.50

  	
  %

  	
  2.50

  	
  %

  	
  1.50

  	
  %

  
	
  2

  	
   

  	
  <4.5:1 but >4.0:1

  	
   

  	
  2.50

  	
  %

  	
  1.50

  	
  %

  	
  0.50

  	
  %

  	
  2.25

  	
  %

  	
  2.25

  	
  %

  	
  1.25

  	
  %

  
	
  3

  	
   

  	
  <4.0:1 but >3.5:1

  	
   

  	
  2.25

  	
  %

  	
  1.25

  	
  %

  	
  0.50

  	
  %

  	
  2.25

  	
  %

  	
  2.25

  	
  %

  	
  1.25

  	
  %

  
	
  4

  	
   

  	
  <3.5:1 but >3.0:1

  	
   

  	
  2.00

  	
  %

  	
  1.00

  	
  %

  	
  0.375

  	
  %

  	
  2.25

  	
  %

  	
  2.25

  	
  %

  	
  1.25

  	
  %

  
	
  5

  	
   

  	
  <3.0:1

  	
   

  	
  1.75

  	
  %

  	
  0.75

  	
  %

  	
  0.375

  	
  %

  	
  2.25

  	
  %

  	
  2.25

  	
  %

  	
  1.25

  	
  %

  

 

Any
increase or decrease in the Applicable Rate resulting from a change in the
Total Leverage Ratio shall become effective as of the first Business Day
immediately following the date a Compliance Certificate is delivered pursuant
to Section 6.02(b); provided that
at the option of the Administrative Agent or the Required Lenders, the highest
Pricing Level shall apply (x) as of the first Business Day after the date on
which a Compliance Certificate was required to have been delivered but was not
delivered, and shall continue to so apply to and including the date on which
such Compliance Certificate is so delivered (and thereafter the Pricing Level
otherwise determined in accordance with this definition shall apply) and (y) as
of the first Business Day after an Event of Default under Section 8.01(a) shall
have occurred and be continuing, and shall continue to so apply to but
excluding the date on which such Event of Default is cured or waived (and
thereafter the Pricing Level otherwise determined in accordance with this
definition shall apply).

 

“Appropriate Lender” means, at any time, (a)
with respect to Loans of any Class, the Lenders of such Class, (b) with respect
to Letters of Credit, (i) the relevant L/C Issuers and (ii) (x) with respect to
any Dollar Revolving Letters of Credit issued pursuant to Section 2.03(a), the
Dollar Revolving Credit Lenders, (y) with respect to any Alternative Currency
Revolving Letters of Credit issued pursuant to Section 2.03(a), the Alternative
Currency Revolving Credit Lenders and (z) with respect to any Synthetic L/C
Letters of Credit issued pursuant to 

 

5

 

Section
2.03(a), the Post-First Amendment and Restatement Synthetic L/C Lenders and (c)
with respect to the Swing Line Facility, (i) the Swing Line Lender and (ii) if
any Swing Line Loans are outstanding pursuant to Section 2.04(a), the Dollar
Revolving Credit Lenders.

 

“Approved Bank” has the meaning specified in
clause (c) of the definition of “Cash Equivalents”.

 

“Approved Fund” means, with respect to any
Lender, any Fund that is administered, advised or managed by (a) such Lender,
(b) an Affiliate of such Lender or (c) an entity or an Affiliate of an entity
that administers, advises or manages such Lender.

 

“Arrangers” means UBS Securities LLC, Lehman
Brothers Inc. and Credit Suisse Securities (USA) LLC, each in its capacity as a
Joint Bookrunner and a Co-Lead Arranger under this Agreement.

 

“Assignees” has the meaning specified in
Section 10.07(b).

 

“Assignment and Assumption” means an
Assignment and Assumption substantially in the form of Exhibit E.

 

“Attorney Costs” means and includes all
reasonable fees, expenses and disbursements of any law firm or other external
legal counsel.

 

“Attributable Indebtedness” means, on any
date, in respect of any Capitalized Lease of any Person, the capitalized amount
thereof that would appear on a balance sheet of such Person prepared as of such
date in accordance with GAAP.

 

“Audited Financial Statements” means the
audited combined balance sheets of the Travelport business of Cendant
Corporation as of each of December 31, 2005 and 2004, and the related audited
consolidated statements of income, stockholders’ equity and cash flows for the
Travelport business of Cendant Corporation for the fiscal years ended December
31, 2005, 2004 and 2003, respectively.

 

“Auto-Renewal Letter of Credit” has the
meaning specified in Section 2.03(b)(iii).

 

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

 

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

 

6

 

“Borrower” has the meaning specified in the
introductory paragraph to this Agreement.

 

“Borrowing” means a Revolving Credit
Borrowing, a Swing Line Borrowing, a Term Borrowing or a Post-First Amendment
and Restatement Synthetic L/C Borrowing, as the context may require.

 

“Business Day” means any day other than a
Saturday, Sunday or other day on which commercial banks are authorized to close
under the Laws of, or are in fact closed in, the state where the Administrative
Agent’s Office with respect to Obligations denominated in Dollars is located
and:

 

(a)           if
such day relates to any interest rate settings as to a Eurocurrency Rate Loan
denominated in Dollars, any fundings, disbursements, settlements and payments
in Dollars in respect of any such Eurocurrency Rate Loan, or any other dealings
in Dollars to be carried out pursuant to this Agreement in respect of any such
Eurocurrency Rate Loan, means any such day on which dealings in deposits in
Dollars are conducted by and between banks in the London interbank eurodollar
market;

 

(b)           if
such day relates to any interest rate settings as to a Eurocurrency Rate Loan
denominated in Euros, any fundings, disbursements, settlements and payments in
Euros in respect of any such Eurocurrency Rate Loan, or any other dealings in
Euros to be carried out pursuant to this Agreement in respect of any such
Eurocurrency Rate Loan, means a TARGET Day; and

 

(c)           if
such day relates to any interest rate settings as to a Eurocurrency Rate Loan
denominated in Sterling, any fundings, disbursements, settlements and payments
in Sterling in respect of any such Eurocurrency Rate Loan, or any other
dealings in Sterling to be carried out pursuant to this Agreement in respect of
any such Eurocurrency Rate Loan, means any such day on which dealings in
deposits in Sterling are conducted by and between banks in the London interbank
eurodollar market.

 

“Capital Expenditures” means, for any
period, the aggregate of (a) all expenditures (whether paid in cash or accrued
as liabilities) by Holdings, the Borrower and the Restricted Subsidiaries
during such period that, in conformity with GAAP, are or are required to be
included as additions during such period to property, plant or equipment
reflected in the consolidated balance sheet of Holdings, the Borrower and the
Restricted Subsidiaries, (b) all Capitalized Software Expenditures for such
period and (c) the value of all assets under Capitalized Leases incurred by
Holdings, the Borrower and the Restricted Subsidiaries during such period; provided that the term “Capital
Expenditures” shall not include (i) expenditures made in connection with the
replacement, substitution, restoration or repair of assets to the extent financed
with (x) insurance proceeds paid on account of the loss of or damage to the
assets being replaced, restored or repaired or (y) awards of compensation
arising from the taking by eminent domain or condemnation of the assets being
replaced, (ii) the purchase price of equipment that is purchased simultaneously
with the trade-in of existing equipment to the extent that the gross amount of
such purchase price is reduced by the credit granted by the seller of such
equipment for the equipment being traded in at such time, (iii) the purchase of
plant, property or equipment or software to the 

 

7

 

extent
financed with the proceeds of Dispositions that are not required to be applied
to prepay Term Loans pursuant to Section 2.05(b), (iv) expenditures that constitute
any part of Consolidated Lease Expense, (v) expenditures that are accounted for
as capital expenditures by Holdings, the Borrower or any Restricted Subsidiary
and that actually are paid for by a Person other than Holdings, the Borrower or
any Restricted Subsidiary and for which none of Holdings, the Borrower or any
Restricted Subsidiary has provided or is required to provide or incur, directly
or indirectly, any consideration or obligation to such Person or any other
Person (whether before, during or after such period), (vi) the book value of
any asset owned by Holdings, the Borrower or any Restricted Subsidiary prior to
or during such period to the extent that such book value is included as a
capital expenditure during such period as a result of such Person reusing or
beginning to reuse such asset during such period without a corresponding
expenditure actually having been made in such period; provided that (x) any expenditure
necessary in order to permit such asset to be reused shall be included as a
Capital Expenditure during the period in which such expenditure actually is
made and (y) such book value shall have been included in Capital Expenditures
when such asset was originally acquired, or (vii) expenditures that constitute
Permitted Acquisitions.

 

“Capitalized Leases” means all leases that
have been or should be, in accordance with GAAP, recorded as capitalized
leases; provided that for all
purposes hereunder the amount of obligations under any Capitalized Lease shall
be the amount thereof accounted for as a liability in accordance with GAAP.

 

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

 

“Cash Collateral” has the meaning specified
in Section 2.03(f).

 

“Cash Collateral Account” means a blocked
account at UBS AG, Stamford Branch (or another commercial bank selected in
compliance with Section 9.09) in the name of the Administrative Agent and under
the sole dominion and control of the Administrative Agent, and otherwise
established in a manner satisfactory to the Administrative Agent.

 

“Cash Collateralize” has the meaning
specified in Section 2.03(f).

 

“Cash Equivalents” means any of the
following types of Investments, to the extent owned by Holdings, the Borrower
or any Restricted Subsidiary:

 

(a)           Dollars,
Euros or, in the case of any Foreign Subsidiary, such local currencies held by
it from time to time in the ordinary course of business;

 

(b)           readily
marketable obligations issued or directly and fully guaranteed or insured by
the government or any agency or instrumentality of (i) the United States or
(ii) any member nation of the European Union, in each case having average
maturities of not more than 12 months from the date of acquisition thereof; provided that the full faith and 

 

8

 

credit
of the United States or a member nation of the European Union is pledged in
support thereof;

 

(c)           time
deposits with, or insured certificates of deposit or bankers’ acceptances of,
any commercial bank that (i) is a Lender or (ii) (A) is organized under the
Laws of the United States, any state thereof, the District of Columbia or any
member nation of the Organization for Economic Cooperation and Development or
is the principal banking Subsidiary of a bank holding company organized under
the Laws of the United States, any state thereof, the District of Columbia or
any member nation of the Organization for Economic Cooperation and Development,
and is a member of the Federal Reserve System, and (B) has combined capital and
surplus of at least $250,000,000 (any such bank in the foregoing clauses (i) or
(ii) being an “Approved Bank”), in
each case with average maturities of not more than 12 months from the date of
acquisition thereof;

 

(d)           commercial
paper and variable or fixed rate notes issued by an Approved Bank (or by the
parent company thereof) or any variable or fixed rate note issued by, or
guaranteed by, a corporation rated A-2 (or the equivalent thereof) or better by
S&P or P-2 (or the equivalent thereof) or better by Moody’s, in each case
with average maturities of not more than 12 months from the date of acquisition
thereof;

 

(e)           repurchase
agreements entered into by any Person with a bank or trust company (including
any of the Lenders) or recognized securities dealer, in each case, having
capital and surplus in excess of $250,000,000 for direct obligations issued by
or fully guaranteed or insured by the government or any agency or instrumentality
of (i) the United States or (ii) any member nation of the European Union, in
which such Person shall have a perfected first priority security interest
(subject to no other Liens) and having, on the date of purchase thereof, a fair
market value of at least 100% of the amount of the repurchase obligations;

 

(f)            securities
with average maturities of 12 months or less from the date of acquisition
issued or fully guaranteed by any state, commonwealth or territory of the
United States, by any political subdivision or taxing authority of any such
state, commonwealth or territory or by any foreign government having an
investment grade rating from either S&P or Moody’s (or the equivalent
thereof);

 

(g)           Investments
with average maturities of 12 months or less from the date of acquisition in
money market funds rated AAA- (or the equivalent thereof) or better by S&P
or Aaa3 (or the equivalent thereof) or better by Moody’s;

 

(h)           instruments
equivalent to those referred to in clauses (a) through (g) above denominated in
Euros or any other foreign currency comparable in credit quality and tenor to
those referred to above and customarily used by corporations for cash
management purposes in any jurisdiction outside the United States to the extent
reasonably required in connection with any business conducted by any Restricted
Subsidiary organized in such jurisdiction; and

 

9

 

(i)            Investments,
classified in accordance with GAAP as current assets of Holdings, the Borrower
or any Restricted Subsidiary, in money market investment programs which are
registered under the Investment Company Act of 1940 or which are administered
by financial institutions having capital of at least $250,000,000, and, in
either case, the portfolios of which are limited such that substantially all of
such investments are of the character, quality and maturity described in
clauses (a) through (h) of this definition.

 

“Cash Management Bank” means any Lender or
any Affiliate of a Lender providing cash management services to Holdings, the
Borrower or any Restricted Subsidiary.

 

“Cash Management Obligations” means
obligations owed by Holdings, the Borrower or any Restricted Subsidiary to any
Lender or any Affiliate of a Lender in respect of any overdraft and related
liabilities arising from treasury, depository and cash management services
(including in respect of liabilities arising from purchase cards, travel and
entertainment cards, or other card services) or any automated clearing house
transfers of funds.

 

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

 

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

 

“CERCLIS” means the Comprehensive
Environmental Response, Compensation and Liability Information System
maintained by the U.S. Environmental Protection Agency.

 

“Change of Control” means the earliest to
occur of

 

(a)
the Permitted Holders ceasing to have the power, directly or indirectly, to
vote or direct the voting of securities having a majority of the ordinary
voting power for the election of directors of Holdings; provided that the occurrence of the
foregoing event shall not be deemed a Change of Control if,

 

(i)            any
time prior to the consummation of a Qualifying IPO, and for any reason
whatsoever, (A) the Permitted Holders otherwise have the right, directly or
indirectly, to designate (and do so designate) a majority of the board of
directors of Holdings at such time or (B) the Permitted Holders own a majority
of the outstanding voting Equity Interests of Holdings at such time, or

 

(ii)           at
any time upon or after the consummation of a Qualifying IPO, and for any reason
whatsoever, (A) no “person” or “group” (as such terms are used in Sections
13(d) and 14(d) of the Exchange Act, but excluding any employee benefit plan of
such person and its Subsidiaries, and any person or entity acting in its
capacity as trustee, agent or other fiduciary or administrator of any such
plan), excluding the Permitted Holders, shall become the “beneficial owner” (as
defined in Rules 13(d)-3 and 13(d)-5 under such Act), directly or indirectly,
of more than the greater of (x) thirty-five percent (35%) 

 

10

 

of
the then outstanding voting stock of Holdings and (y) the percentage of the
then outstanding voting stock of Holdings owned, directly or indirectly,
beneficially by the Permitted Holders, and (B) during each period of twelve
(12) consecutive months, the board of directors of Holdings shall consist of a
majority of the Continuing Directors; or

 

(b)           any “Change of Control” (or any
comparable term) in any document pertaining to the High Yield Notes or any
Junior Financing with an aggregate outstanding principal amount in excess of
the Threshold Amount; or

 

(c)           at any time prior to a Qualifying IPO
of the Borrower, the Borrower ceasing to be a directly or indirectly wholly
owned Subsidiary of Holdings.

 

“Class” (a) when used with respect to
Lenders, refers to whether such Lenders are Dollar Revolving Credit Lenders,
Alternative Currency Revolving Credit Lenders, Tranche B Dollar Term Lenders,
Euro Term Lenders or Post-First Amendment and Restatement Synthetic L/C
Lenders, (b) when used with respect to Commitments, refers to whether such Commitments
are Dollar Revolving Credit Commitments, Alternative Currency Revolving Credit
Commitments, Tranche B Dollar Term Commitments, Euro Term Commitments or
Post-First Amendment and Restatement Synthetic L/C Commitments and (c) when
used with respect to Loans or a Borrowing, refers to whether such Loans, or the
Loans comprising such Borrowing, are Dollar Revolving Credit Loans, Alternative
Currency Revolving Credit Loans, Tranche B Dollar Term Loans, Euro Term Loans
or Post-First Amendment and Restatement Synthetic L/C Loans.

 

“Closing Date” means the date of the initial
Credit Extensions under the Original Credit Agreement which occurred on August
23, 2006.

 

“Closing Date Material Adverse Effect” means
any changes, events or conditions that have or would reasonably be expected to
have, individually or in the aggregate, a material adverse effect on the
business, results of operations or financial condition of the Acquired
Companies (as defined in the Purchase Agreement), taken as a whole, or that
materially impairs the ability of Seller (as defined in the Purchase Agreement)
and the Acquired Companies to consummate the transactions contemplated by the
Purchase Agreement, other than any changes, events or conditions resulting
from:  (i) general economic conditions in
any of the markets or geographical areas in which any of the Acquired Companies
operates, unless and only to the extent that such conditions disproportionately
affect the Acquired Companies in any material respect; (ii) changes in economic
conditions or the financial, banking, currency or capital markets in general
(whether in the United States or any other country or in any international
market) or changes in currency exchange rates or currency fluctuations, unless
such changes disproportionately affect the Acquired Companies in any material
respect; (iii) other conditions generally affecting any of the industries in
which the Acquired Companies operate, unless such conditions disproportionately
affect the Acquired Companies in any material respect; (iv) acts of God,
calamities, national or international political or social conditions, including
the engagement by any country in hostilities, whether commenced before or after
the Closing Date, and whether or not pursuant to the declaration of a national
emergency or war, or the occurrence of any military or terrorist attack, unless
such event disproportionately affects the Acquired Companies in any material
respect; (v) changes in Law (as defined in the Purchase Agreement) or in GAAP
(as defined in the Purchase Agreement) (or other generally accepted accounting
principles applied by 

 

11

 

any
of the Acquired Companies) or interpretations thereof; (vi) subject to the
Commitment Letter, any actions taken, or failures to take action, or such other
changes or events, in each case, to which Buyer (as defined in the Purchase
Agreement) has expressly consented; (vii) any item or items set forth in the
Borrower Disclosure Letter (as defined in the Purchase Agreement); or (viii)
the announcement or pendency of the transactions contemplated by the Purchase
Agreement or the Separation Agreements (as defined in the Purchase Agreement),
including by reason of the identity of Buyer or any communication by Buyer
regarding the plans or intentions of Buyer with respect to the conduct of the
business of any of the Acquired Companies.

 

“Code” means the U.S. Internal Revenue Code
of 1986, as amended from time to time, and rules and regulations related
thereto.

 

“Co-Documentation Agents” means Lehman
Brothers Inc., Citicorp North America, Inc. and Deutsche Bank AG New York
Branch as Documentation Agent under this Agreement.

 

“Collateral” means all the “Collateral” as
defined in any Collateral Document and shall include the Mortgaged Properties.

 

“Collateral Agent” means UBS AG, Stamford
Branch, in its capacity as collateral agent under any of the Loan Documents, or
any successor collateral agent.

 

“Collateral and Guarantee Requirement”
means, at any time, the requirement that:

 

(a)           the
Administrative Agent shall have received each Collateral Document required to
be delivered on the Closing Date pursuant to Section 4.01(a)(iii) of the
Original Credit Agreement or pursuant to Section 6.11 at such time, duly
executed by each Loan Party thereto;

 

(b)           all
Obligations shall have been unconditionally guaranteed (the “Guarantees”) by Holdings, any Intermediate
Holding Company and each Restricted Subsidiary of Holdings that is a Domestic
Subsidiary and not an Excluded Subsidiary (each, a “Guarantor”);

 

(c)           all
guarantees issued or to be issued in respect of the Senior Subordinated Notes
(i) shall be subordinated to the Guarantees to the same extent that the Senior
Subordinated Notes are subordinated to the Obligations and (ii) shall provide for
their automatic release upon a release of the corresponding Guarantee;

 

(d)           the
Obligations and the Guarantees shall have been secured by a first-priority
security interest in (i) all the Equity Interests of the Borrower, (ii) all
Equity Interests (other than Equity Interests of Unrestricted Subsidiaries and
any Equity Interest of any Restricted Subsidiary pledged to secure Indebtedness
permitted under Section 7.03(g)) of each wholly owned Domestic Subsidiary of
Holdings that is the direct Subsidiary of Holdings, an Intermediate Holding
Company or a Domestic Subsidiary of Holdings, and (iii) 65% the issued and
outstanding Equity Interests of each wholly owned 

 

12

 

Foreign
Subsidiary that is directly owned by Holdings, an Intermediate Holding Company,
the Borrower or any Domestic Subsidiary of Holdings that is a Guarantor;

 

(e)           except
to the extent otherwise permitted hereunder or under any Collateral Document,
the Obligations and the Guarantees shall have been secured by a perfected
security interest in, and mortgages on, substantially all tangible and intangible
assets of Holdings, the Borrower and each other Guarantor (including accounts
(other than deposit accounts or other bank or securities accounts), inventory,
equipment, investment property, contract rights, intellectual property, other
general intangibles, owned (but not leased) real property and proceeds of the
foregoing), in each case, with the priority required by the Collateral
Documents; provided that security
interests in real property shall be limited to the Mortgaged Properties;

 

(f)            none
of the Collateral shall be subject to any Liens other than Liens permitted by
Section 7.01; and

 

(g)           the
Collateral Agent shall have received (i) counterparts of a Mortgage with
respect to (x) the owned real property of the Loan Parties located at 5350
South Valentia Way, Greenwood Village, Colorado delivered in accordance with
Section 6.16 of the Original Credit Agreement and (y) each owned property
required to be delivered pursuant to Section 6.11 (the “Mortgaged Properties”) duly executed and
delivered by the record owner of such property, (ii) a policy or policies of
title insurance issued by a nationally recognized title insurance company
insuring the Lien of each such Mortgage as a valid Lien on the property
described therein, free of any other Liens except as expressly permitted by
Section 7.01, together with such endorsements, coinsurance and reinsurance as
the Administrative Agent may reasonably request, and (iii) such existing
surveys, existing abstracts, existing appraisals, legal opinions and other
documents as the Administrative Agent may reasonably request with respect to
any such Mortgaged Property.

 

The
foregoing definition shall not require the creation or perfection of pledges of
or security interests in, or the obtaining of title insurance or surveys with
respect to, particular assets if and for so long as, in the reasonable judgment
of the Administrative Agent (confirmed in writing by notice to the Borrower),
the cost of creating or perfecting such pledges or security interests in such
assets or obtaining title insurance or surveys in respect of such assets shall
be excessive in view of the benefits to be obtained by the Lenders therefrom.
The Administrative Agent may grant extensions of time for the perfection of
security interests in or the obtaining of title insurance with respect to
particular assets (including extensions beyond the Closing Date for the
perfection of security interests in the assets of the Loan Parties on such
date) where it reasonably determines, in consultation with the Borrower, that
perfection cannot be accomplished without undue effort or expense by the time
or times at which it would otherwise be required by this Agreement or the
Collateral Documents.

 

Notwithstanding
the foregoing provisions of this definition or anything in this Agreement or
any other Loan Document to the contrary, (a) with respect to leases of real
property entered into by the Borrower or any other Guarantor, the Borrower
shall not be required to take any action with respect to creation or perfection
of security interests with respect to such leases and (b) Liens required to be
granted from time to time pursuant to the Collateral and 

 

13

 

Guarantee
Requirement shall be subject to exceptions and limitations set forth in the
Collateral Documents as in effect on the Closing Date and, to the extent
appropriate in the applicable jurisdiction, as agreed between the
Administrative Agent and the Borrower.

 

“Collateral Documents” means, collectively,
the Security Agreement, the Intellectual Property Security Agreement, the
Mortgages, each of the mortgages, collateral assignments, Security Agreement
Supplements, security agreements, pledge agreements or other similar agreements
delivered to the Administrative Agent and the Lenders pursuant to Section 6.11
or Section 6.13, the Guaranty and each of the other agreements, instruments or
documents that creates or purports to create a Lien or Guarantee in favor of
the Administrative Agent for the benefit of the Secured Parties.

 

“Commitment” means a Term Commitment, a
Revolving Credit Commitment or a Post-First Amendment and Restatement Synthetic
L/C Commitment as the context may require.

 

“Commitment Letter” means the Commitment
Letter dated July 24, 2006 among TDS Investor, LLC, Citigroup Global Markets
Inc., Credit Suisse, Credit Suisse Securities (USA) LLC, Deutsche Bank AG New
York Branch, Deutsche Bank AG Cayman Islands Branch, Deutsche Bank Securities
Inc., Lehman Commercial Paper Inc., Citigroup Global Markets Inc., Lehman
Brothers Inc., UBS Loan Finance LLC, UBS AG, Stamford Branch and UBS Securities
LLC.

 

“Committed Loan Notice” means a notice of
(a) a Term Borrowing, (b) a Revolving Credit Borrowing, (c) a Post-First
Amendment and Restatement Synthetic L/C Borrowing, (d) a conversion of Loans
from one Type to the other, or (e) a continuation of Eurocurrency Rate Loans,
pursuant to Section 2.02(a), which, if in writing, shall be substantially in
the form of Exhibit A.

 

“Compensation Period” has the meaning
specified in Section 2.12(c)(ii).

 

“Compliance Certificate” means a certificate
substantially in the form of Exhibit D.

 

“Consolidated EBITDA” means, for any period,
the Consolidated Net Income for such period, plus:

 

(a)           without
duplication and to the extent already deducted (and not added back) in arriving
at such Consolidated Net Income, the sum of the following amounts for such
period:

 

(i)            total
interest expense and, to the extent not reflected in such total interest
expense, any losses on hedging obligations or other derivative instruments
entered into for the purpose of hedging interest rate risk, net of interest
income and gains on such hedging obligations, and costs of surety bonds in
connection with financing activities,

 

14

 

(ii)           provision
for taxes based on income, profits or capital of Holdings, the Borrower and the
Restricted Subsidiaries, including state, franchise and similar taxes (such as
the Pennsylvania capital tax) and foreign withholding taxes paid or accrued during
such period,

 

(iii)          depreciation
and amortization including amortization of Capitalized Software Expenditures,

 

(iv)          Non-Cash
Charges,

 

(v)           extraordinary
losses and unusual or non-recurring charges, severance, relocation costs and curtailments
or modifications to pension and post-retirement employee benefit plans,

 

(vi)          restructuring
charges or reserves (including restructuring costs related to acquisitions
after the Closing Date and to closure/consolidation of facilities),

 

(vii)         any
deductions attributable to minority interests,

 

(viii)        the
amount of management, monitoring, consulting and advisory fees and related
expenses paid to the Sponsor to the extent permitted hereunder,

 

(ix)           the
amount of any restructuring charges, integration costs or other business
optimization expenses or reserves deducted (and not added back) in such period
in computing Consolidated Net Income, including any one-time costs incurred in
connection with acquisitions after the Closing Date and costs related to the
closure and/or consolidation of facilities, the separation from Cendant
Corporation and the business-to-consumer platform,

 

(x)            any
costs or expenses incurred by Holdings, the Borrower or a Restricted Subsidiary
pursuant to any management equity plan or stock option plan or any other
management or employee benefit plan or agreement or any stock subscription or
shareholder agreement, to the extent that such costs or expenses are funded
with cash proceeds contributed to the capital of Holdings, the Borrower or net
cash proceeds of an issuance of Equity Interests of Holdings (other than
Disqualified Equity Interests), and

 

(xi)           the
amount of net cost savings projected by the Borrower in good faith to be
realized as a result of specified actions taken during or prior to such period
(calculated on a pro forma basis as though such cost savings had been realized
on the first day of such period), net of the amount of actual benefits realized
during such period from such actions; provided
that (A) such cost savings are reasonably identifiable and factually
supportable, (B) such actions are taken no later than 36 months after the
Closing Date, (C) no cost savings shall be added pursuant to this clause (x) to
the extent duplicative of any expenses or charges relating to such cost savings
that are included in clause (vi) above with respect to such period and (D) the
aggregate amount of cost savings added pursuant to this clause 

 

15

 

(x)
shall not exceed $85,800,000 for any period consisting of four consecutive
quarters, less

 

(b)           without
duplication and to the extent included in arriving at such Consolidated Net
Income, the sum of the following amounts for such period:

 

(i)            extraordinary
gains and unusual or non-recurring gains,

 

(ii)           (a)
non-cash gains (excluding any non-cash gain to the extent it represents the
reversal of an accrual or reserve for a potential cash item that reduced Consolidated
EBITDA in any prior period) and (b) for the year ended December 31, 2005, an
aggregate of (i) $12.5 million applicable to changes in estimates with respect
to the allowance for doubtful accounts, (ii) $11.1 million applicable to
changes in estimates of breakage revenues relating to vendor liabilities and
(iii) $2.7 million applicable to changes in estimates with respect to Orbitz’s
affinity credit card-related liability, in each case as recorded on a quarterly
basis,

 

(iii)          gains
on asset sales (other than asset sales in the ordinary course of business),

 

(iv)          any
net after-tax income from the early extinguishment of Indebtedness or hedging
obligations or other derivative instruments, and

 

(v)           all
gains from investments recorded using the equity method; provided that Consolidated EBITDA shall be
increased by the amount of dividends or distributions or other payments from
such investment to a Loan Party or the Restricted Subsidiary which made the
investment that are actually paid in cash during such period (or to the extent
converted into cash during such period),

 

in
each case, as determined on a consolidated basis for Holdings, the Borrower and
the Restricted Subsidiaries in accordance with GAAP; provided that, to the extent included in Consolidated Net
Income,

 

(i)            there
shall be excluded in determining Consolidated EBITDA currency translation gains
and losses (after any offset) related to currency remeasurements of
Indebtedness (including the net loss or gain resulting from Swap Contracts for
currency exchange risk),

 

(ii)           there
shall be excluded in determining Consolidated EBITDA for any period any
adjustments (after any offset) resulting from the application of Statement of
Financial Accounting Standards No. 133, and

 

(iii)          there
shall be included in determining Consolidated EBITDA for any period, without
duplication, (A) the Acquired EBITDA of any Person, property, business or asset
acquired by Holdings, Intermediate Parent, the Borrower or any Restricted
Subsidiary during such period (but not the Acquired EBITDA of any related
Person, property, business or assets to the extent not so acquired), to the
extent not subsequently sold, transferred or otherwise disposed by the Borrower
or such Restricted Subsidiary during 

 

16

 

such
period (each such Person, property, business or asset acquired and not
subsequently so disposed of, an “Acquired Entity
or Business”), based on the actual Acquired EBITDA of such Acquired
Entity or Business for such period (including the portion thereof occurring
prior to such acquisition) and (B) for the purposes of the definition of the
term “Permitted Acquisition” and Section 7.11, an adjustment in respect of each
Acquired Entity or Business equal to the amount of the Pro Forma Adjustment
with respect to such Acquired Entity or Business for such period (including the
portion thereof occurring prior to such acquisition) as specified in a
certificate executed by a Responsible Officer and delivered to the Lenders and
the Administrative Agent and (C) for purposes of determining the Total Leverage
Ratio only, there shall be excluded in determining Consolidated EBITDA for any
period the Disposed EBITDA of any Person, property, business or asset sold,
transferred or otherwise disposed of, closed or classified as discontinued
operations by Holdings, the Borrower or any Restricted Subsidiary during such
period (each such Person, property, business or asset so sold or disposed of, a
“Sold Entity or Business”), based
on the actual Disposed EBITDA of such Sold Entity or Business for such period
(including the portion thereof occurring prior to such sale, transfer or
disposition).

 

For
the purpose of the definition of Consolidated EBITDA, “Non-Cash Charges” means (a) losses on discontinued
operations and asset sales, disposals or abandonments (including, without
limitation, the Travel 2 Travel 4 operations being disposed), (b) any impairment
charge or asset write-off including, without limitation, those related to
intangible assets, long-lived assets, and investments in debt and equity
securities, in each case, pursuant to GAAP, (c) all losses from investments
recorded using the equity method, (d) stock-based awards compensation expense,
and (e) other non-cash charges including, without limitation, the amortization
of up-front bonuses in connection with the supplier services business (provided that if any non-cash charges
referred to in this clause (e) represent an accrual or reserve for potential
cash items in any future period, the cash payment in respect thereof in such
future period shall be subtracted from Consolidated EBITDA to such extent, and
excluding amortization of a prepaid cash item that was paid in a prior period).

 

“Consolidated Lease Expense” means, for any
period, all rental expenses of Holdings, the Borrower and the Restricted
Subsidiaries during such period under operating leases for real or personal
property (including in connection with sale-leaseback transactions permitted by
Section 7.05(f)), excluding real estate taxes, insurance costs and common area
maintenance charges and net of sublease income, other than (a) obligations
under vehicle leases entered into in the ordinary course of business, (b) all
such rental expenses associated with assets acquired pursuant to a Permitted
Acquisition to the extent such rental expenses relate to operating leases in
effect at the time of (and immediately prior to) such acquisition and related
to periods prior to such acquisition and (c) all obligations under Capitalized
Leases, all as determined on a consolidated basis in accordance with GAAP.

 

“Consolidated Net Income” means, for any
period, the net income (loss) of Holdings, the Borrower and the Restricted
Subsidiaries for such period determined on a consolidated basis in accordance
with GAAP, excluding, without duplication, (a) the net income of any Restricted
Subsidiary of Holdings (other than any Guarantors) during such period to the
extent that the declaration or payment of dividends or similar distributions by
such Restricted Subsidiary 

 

17

 

of
that income is not permitted by operation of the terms of its organizational
documents or any agreement, instrument or requirement of law or regulation
applicable to that Restricted Subsidiary during such period unless such
restriction has been legally waived (b) extraordinary items for such period,
(c) the cumulative effect of a change in accounting principles during such
period to the extent included in Consolidated Net Income, (d) in the case of
any period that includes a period ending prior to or during the fiscal quarter
ending June 30, 2007, Transaction Expenses, (e) any fees and expenses incurred
during such period, or any amortization thereof for such period, in connection
with any acquisition, investment, asset disposition, issuance or repayment of
debt, issuance of equity securities, refinancing transaction or amendment or
other modification of any debt instrument (in each case, including any such
transaction consummated prior to the Closing Date and any such transaction
undertaken but not completed) and any charges or integration or non-recurring
merger costs incurred during such period as a result of any such transaction
(including, without limitation, (i) bonuses paid in connection with the
Gullivers Travel Associates Acquisition and (ii) any adjustments to liabilities
owing to former owners of Orbitz under a tax sharing agreement), (f) any income
(loss) for such period attributable to the early extinguishment of Indebtedness
and (g) accruals and reserves that are established within twelve months after
the Closing Date that are so required to be established as a result of the
Transaction in accordance with GAAP; provided
that, for the avoidance of doubt, any net income attributable to a Restricted
Subsidiary shall only constitute Consolidated Net Income after deducting for
any minority interests in such Restricted Subsidiary. There shall be excluded
from Consolidated Net Income for any period the purchase accounting effects of
adjustments to property and equipment, software and other intangible assets,
deferred revenue and debt line items in component amounts required or permitted
by GAAP and related authoritative pronouncements (including the effects of such
adjustments pushed down to Holdings, the Borrower and the Restricted
Subsidiaries), as a result of the Transaction, any acquisition consummated
prior to the Closing Date, any Permitted Acquisitions, or the amortization or
write-off of any amounts thereof, net of taxes (other than the impact of
unfavorable contract liabilities and commission agreements under purchase accounting).

 

“Consolidated Total Debt” means, as of any
date of determination, (a) the aggregate principal amount of Indebtedness of
Holdings, the Borrower and the Restricted Subsidiaries outstanding on such
date, determined on a consolidated basis in accordance with GAAP (but excluding
the effects of any discounting of Indebtedness resulting from the application
of purchase accounting in connection with the Transaction or any Permitted
Acquisition), consisting of Indebtedness for borrowed money, obligations in respect
of Capitalized Leases and debt obligations evidenced by promissory notes or
similar instruments, minus (b) the aggregate amount of cash and Cash
Equivalents (in each case, free and clear of all Liens, other than
nonconsensual Liens permitted by Section 7.01 and Liens permitted by Section
7.01(s) and clauses (i) and (ii) of Section 7.01(u)) included in the
consolidated balance sheet of Holdings, the Borrower and the Restricted
Subsidiaries as of such date; provided
that Consolidated Total Debt shall not include the Post-First Amendment and
Restatement Synthetic L/C Facility, the Credit-Linked Deposits or the
Post-First Amendment and Restatement Credit-Linked Deposits, except to the
extent of Unreimbursed Amounts thereunder (including in such Unreimbursed
Amounts outstanding Post-First Amendment and Restatement Synthetic L/C Loans).

 

“Consolidated Working Capital” means, at any
date, the excess of (a) the sum of all amounts (other than cash and Cash
Equivalents) that would, in conformity with GAAP, be 

 

18

 

set
forth opposite the caption “total current assets” (or any like caption) on a
consolidated balance sheet of Holdings, the Borrower and the Restricted
Subsidiaries at such date over (b) the sum of all amounts that would, in
conformity with GAAP, be set forth opposite the caption “total current
liabilities” (or any like caption) on a consolidated balance sheet of Holdings,
the Borrower and the Restricted Subsidiaries on such date, including deferred
revenue but excluding, without duplication, (i) the current portion of any
Funded Debt, (ii) all Indebtedness consisting of Loans and L/C Obligations to
the extent otherwise included therein, (iii) the current portion of interest
and (iv) the current portion of current and deferred income taxes.

 

“Continuing Directors” means the directors
of Holdings on the Closing Date, as elected or appointed after giving effect to
the Acquisition and the other transactions contemplated hereby, and each other
director, if, in each case, such other directors’ nomination for election to
the board of directors of Holdings (or the Borrower after a Qualifying IPO of
the Borrower) is recommended by a majority of the then Continuing Directors or
such other director receives the vote of the Permitted Holders in his or her
election by the stockholders of Holdings (or the Borrower after a Qualifying
IPO of the Borrower).

 

“Contract Consideration” has the meaning
specified in the definition of “Excess Cash Flow”.

 

“Contractual Obligation” means, as to any
Person, any provision of any security issued by such Person or of any
agreement, instrument or other undertaking to which such Person is a party or
by which it or any of its property is bound.

 

“Control” has the meaning specified in the
definition of “Affiliate.”

 

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

 

“Credit-Linked Deposit” has the meaning
assigned to such term in the Original Credit Agreement.

 

“Cumulative Excess Cash Flow” has the
meaning specified in Section 7.06(i).

 

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

 

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

 

“Default Rate” means an interest rate equal
to (a) the Base Rate plus (b) the Applicable Rate, if any, applicable to
Base Rate Loans plus (c) 2.0% per annum; provided that with respect to a Eurocurrency Rate Loan, the
Default Rate shall be an interest rate equal to the interest rate (including
any Applicable Rate and any Mandatory Cost) otherwise applicable to such Loan plus
2.0% per annum, in each case, to the fullest extent permitted by applicable
Laws.

 

19

 

“Defaulting Lender” means any Lender that
(a) has failed to fund any portion of the Tranche B Dollar Term Loans, Euro
Term Loans, Revolving Credit Loans, participations in Revolving L/C Obligations
or participations in Swing Line Loans required to be funded by it hereunder
within one (1) Business Day of the date required to be funded by it hereunder,
unless the subject of a good faith dispute or subsequently cured, (b) has
otherwise failed to pay over to the Administrative Agent or any other Lender
any other amount required to be paid by it hereunder within one (1) Business
Day of the date when due, unless the subject of a good faith dispute or
subsequently cured, or (c) has been deemed insolvent or become the subject of a
bankruptcy or insolvency proceeding.

 

“Designated Non-Cash Consideration” means
the fair market value of non-cash consideration received by Holdings, the
Borrower or a Restricted Subsidiary in connection with a Disposition pursuant
to Section 7.05(j) that is designated as Designated Non-Cash Consideration
pursuant to a certificate of a Responsible Officer, setting forth the basis of
such valuation (which amount will be reduced by the fair market value of the
portion of the non-cash consideration converted to cash within 180 days following
the consummation of the applicable Disposition).

 

“Disposed EBITDA” means, with respect to any
Sold Entity or Business for any period, the amount for such period of
Consolidated EBITDA of such Sold Entity or Business (determined as if
references to Holdings, the Borrower and the Restricted Subsidiaries in the definition
of Consolidated EBITDA were references to such Sold Entity or Business and its
Subsidiaries), all as determined on a consolidated basis for such Sold Entity
or Business.

 

“Disposition” or “Dispose” means the sale, transfer, license, lease or other
disposition (including any sale and leaseback transaction and any sale of
Equity Interests) of any property by any Person, including any sale,
assignment, transfer or other disposal, with or without recourse, of any notes
or accounts receivable or any rights and claims associated therewith; provided that “Disposition” and “Dispose”
shall not be deemed to include any issuance by Holdings of any of its Equity
Interests to another Person.

 

“Disqualified Equity Interests” means any
Equity Interest which, by its terms (or by the terms of any security or other
Equity Interests into which it is convertible or for which it is exchangeable),
or upon the happening of any event or condition (a) matures or is mandatorily
redeemable (other than solely for Qualified Equity Interests), pursuant to a
sinking fund obligation or otherwise (except as a result of a change of control
or asset sale so long as any rights of the holders thereof upon the occurrence
of a change of control or asset sale event shall be subject to the prior
repayment in full of the Loans and all other Obligations that are accrued and
payable and the termination of the Commitments and all outstanding Letters of
Credit), (b) is redeemable at the option of the holder thereof (other than
solely for Qualified Equity Interests), in whole or in part, (c) provides for
the scheduled payments of dividends in cash, or (d) is or becomes convertible
into or exchangeable for Indebtedness or any other Equity Interests that would
constitute Disqualified Equity Interests, in each case, prior to the date that
is ninety-one (91) days after the Maturity Date of the Term Loans.

 

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

 

“Dollar Amount” means, at any time:

 

20

 

(a)           with
respect to any Loan denominated in Dollars (including, with respect to any
Swing Line Loan, any funded participation therein), the principal amount
thereof then outstanding (or in which such participation is held);

 

(b)           with
respect to any Loan denominated in an Alternative Currency, the principal
amount thereof then outstanding in the relevant Alternative Currency, converted
to Dollars in accordance with Section 1.08 and Section 2.15(a); and

 

(c)           with
respect to any L/C Obligation (or any risk participation therein), (A) if
denominated in Dollars, the amount thereof and (B) if denominated in an
Alternative Currency, the amount thereof converted to Dollars in accordance
with Section 1.08 and Section 2.15(b).

 

“Dollar Refinanced Term Loans” has the meaning
specified in Section 10.01.

 

“Dollar Replacement Term Loans” has the
meaning specified in Section 10.01.

 

“Dollar Revolving Credit Borrowing” means a
borrowing consisting of simultaneous Dollar Revolving Credit Loans of the same
Type and, in the case of Eurocurrency Rate Loans, having the same Interest
Period made by each of the Dollar Revolving Credit Lenders pursuant to Section
2.01(c)(i).

 

“Dollar Revolving Credit Commitment” means,
as to each Dollar Revolving Credit Lender, its obligation to (a) make Dollar
Revolving Credit Loans to the Borrowers pursuant to Section 2.01(c)(i), (b)
purchase participations in Dollar Revolving L/C Obligations in respect of
Dollar Revolving Letters of Credit and (c) purchase participations in Swing
Line Loans, in an aggregate principal amount at any one time outstanding not to
exceed the amount set forth, and opposite such Lender’s name on Schedule 2.01
under the caption “Dollar Revolving Credit Commitment” or in the Assignment and
Assumption pursuant to which such Lender becomes a party hereto, as applicable,
as such amount may be adjusted from time to time in accordance with this
Agreement. The aggregate Dollar Revolving Credit Commitments of all Dollar
Revolving Credit Lenders shall be $175,000,000 on the Closing Date, as such
amount may be adjusted from time to time in accordance with the terms of this
Agreement.

 

“Dollar Revolving Credit Exposure” means, as
to each Dollar Revolving Credit Lender, the sum of the outstanding principal
amount of such Revolving Credit Lender’s Dollar Revolving Credit Loans and its
Pro Rata Share of the Dollar Revolving L/C Obligations and the Swing Line Obligations
at such time.

 

“Dollar Revolving Credit Facility” means, at
any time, the aggregate Dollar Amount of the Dollar Revolving Credit
Commitments at such time.

 

“Dollar Revolving Credit Lender” means, at
any time, any Lender that has a Dollar Revolving Credit Commitment at such
time.

 

“Dollar Revolving Credit Loan” has the
meaning specified in Section 2.01(c)(i).

 

21

 

“Dollar Revolving Credit Note” means a
promissory note of the Borrower payable to any Dollar Revolving Credit Lender
or its registered assigns, in substantially the form of Exhibit C-3
hereto, evidencing the aggregate Indebtedness of the Borrower to such Dollar
Revolving Credit Lender resulting from the Dollar Revolving Credit Loans made
by such Revolving Credit Lender.

 

“Revolving L/C Advance” means, with respect
to each Dollar Revolving Credit Lender, such Lender’s funding of its
participation in any Dollar Revolving L/C Borrowing in accordance with its Pro
Rata Share.

 

“Dollar Revolving L/C Borrowing” means an
extension of credit resulting from a drawing under any Dollar Revolving Letter
of Credit which has not been reimbursed on the applicable Honor Date or
refinanced as a Dollar Revolving Credit Borrowing.

 

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

 

“Dollar Revolving L/C Issuer” means UBS AG,
Stamford Branch and any other Lender that becomes a Dollar Revolving L/C Issuer
in accordance with Section 2.03(j) or 10.07(j), in each case, in its capacity
as an issuer of Dollar Revolving Letters of Credit hereunder, or any successor
issuer of Dollar Revolving Letters of Credit hereunder.

 

“Dollar Revolving L/C Obligation” means, as
at any date of determination, the aggregate maximum amount then available to be
drawn under all outstanding Dollar Revolving Letters of Credit (whether or not
such maximum amount is then in effect under any such Dollar Revolving Letter of
Credit if such maximum amount increases periodically pursuant to the terms of
such Dollar Revolving Letter of Credit) plus the aggregate of all Unreimbursed
Amounts in respect of Dollar Revolving Letters of Credit, including all Dollar
Revolving L/C Borrowings.

 

“Dollar Revolving Letter of Credit” means a
Letter of Credit denominated in Dollars.

 

“Dollar Revolving Letter of Credit Sublimit”
means an amount equal to the lesser of (a) $50,000,000 and (b) the aggregate
Dollar Amount of the Dollar Revolving Credit Commitments.

 

“Dollar Term Lender” means any Dollar Term
Lender under the Original Credit Agreement that is the holder of a Dollar Term
Loan immediately prior to the First Amendment and Restatement Effective Date.

 

“Dollar Term Loan” has the meaning assigned
to such term in the Original Credit Agreement.

 

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

 

“ECF Percentage” has the meaning specified
in Section 2.05(b).

 

22

 

“Eligible Assignee” means any Assignee
permitted by and consented to in accordance with Section 10.07(b).

 

“EMU Legislation” means the legislative
measures of the European Council for the introduction of, changeover to or
operation of a single or unified European currency.

 

“Environmental Laws” means any and all
Federal, state, local, and foreign statutes, Laws, regulations, ordinances,
rules, judgments, orders, decrees, permits, concessions, grants, franchises,
licenses, agreements or governmental restrictions relating to pollution, the
protection of the environment, natural resources, or, to the extent relating to
exposure to Hazardous Materials, human health or to the release of any
materials into the environment, including those related to hazardous substances
or wastes, air emissions and discharges to waste or public systems.

 

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

 

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

 

“Equity Contributions” means, collectively,
(a) the contribution by the Equity Investors of an aggregate amount of cash of
not less than $900,000,000 to Holdings or one or more direct or indirect
holding company parents of Holdings, and (b) the further contribution to the
Borrower of any portion of such cash contribution proceeds not directly
received by the Borrower or used by Holdings to pay Transaction Expenses.

 

“Equity Interests” means, with respect to
any Person, all of the shares, interests, rights, participations or other
equivalents (however designated) of capital stock of (or other ownership or
profit interests or units in) such Person and all of the warrants, options or
other rights for the purchase, acquisition or exchange from such Person of any
of the foregoing (including through convertible securities).

 

“Equity Investors” means the Sponsor, the
Other Sponsor and the Management Stockholders.

 

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

 

“ERISA Affiliate” means any trade or
business (whether or not incorporated) that is under common control with any Loan
Party within the meaning of Section 414 of the Code or Section 4001 of ERISA.

 

23

 

“ERISA Event” means (a) a Reportable Event
with respect to a Pension Plan; (b) a withdrawal by any Loan Party or any ERISA
Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan
year in which it was a substantial employer (as defined in Section 4001(a)(2)
of ERISA) or a cessation of operations that is treated as such a withdrawal
under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by any
Loan Party or any ERISA Affiliate from a Multiemployer Plan or notification
that a Multiemployer Plan is in reorganization; (d) the filing of a notice of
intent to terminate, the treatment of a Plan amendment as a termination under
Sections 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC
to terminate a Pension Plan or Multiemployer Plan; (e) an event or condition
which constitutes grounds under Section 4042 of ERISA for the termination of,
or the appointment of a trustee to administer, any Pension Plan or
Multiemployer Plan; or (f) the imposition of any liability under Title IV of
ERISA, other than for PBGC premiums due but not delinquent under Section 4007
of ERISA, upon any Loan Party or any ERISA Affiliate.

 

“Euro” and “EUR” means the lawful currency of the Participating Member
States introduced in accordance with EMU Legislation.

 

“Euro Refinanced Term Loans” has the meaning
specified in Section 10.01.

 

“Euro Replacement Term Loans” has the
meaning specified in Section 10.01.

 

“Euro Term Commitment” means, as to each
Euro Term Lender, its obligation to make a Euro Term Loan to the Borrower
pursuant to Section 2.01(b) in an aggregate Dollar Amount not to exceed the
amount set forth opposite such Lender’s name on Schedule 2.01(b) under the
caption “Euro Term Commitment” or in the Assignment and Assumption pursuant to
which such Euro Term Lender becomes a party hereto, as applicable, as such
amount may be adjusted from time to time in accordance with this Agreement. The
initial aggregate amount of the Euro Term Commitments is €620,000,000.

 

“Euro Term Lender” means, at any time, any
Lender that has a Euro Term Commitment or a Euro Term Loan at such time.

 

“Euro Term Loan” means a Loan made pursuant
to Section 2.01(b).

 

“Euro Term Note” means a promissory note of
the Borrower payable to any Euro Term Lender or its registered assigns, in
substantially the form of Exhibit C-2 hereto, evidencing the aggregate
Indebtedness of the Borrower to such Euro Term Lender resulting from the Euro
Term Loans made by such Euro Term Lender.

 

“Eurocurrency Rate” means, for any Interest
Period with respect to any Eurocurrency Rate Loan or any Post-First Amendment
and Restatement Credit-Linked Deposit:

 

(a)           the
rate per annum equal to the rate determined by the Administrative Agent to be
the offered rate that appears on the page of the Dow Jones Market screen (or
any successor thereto) that displays an average British Bankers Association
Interest Settlement Rate for deposits in Dollars or Sterling (for delivery on
the first day of such Interest Period) with a term equivalent to such Interest
Period, determined as of approximately 11:00 a.m. (London time) two (2) Business
Days prior to the first day of such 

 

24

 

Interest
Period, or, if different, the date on which quotations would customarily be
provided by leading banks in the London Interbank Market for deposits of
amounts in the relevant currency for delivery on the first day of such Interest
Period, or

 

(b)           if
the rate referenced in the preceding clause (a) does not appear on such page or
service or such page or service shall not be available, the rate per annum
equal to the rate determined by the Administrative Agent to be the offered rate
on such other page or other service that displays an average British Bankers
Association Interest Settlement Rate for deposits in Dollars or Sterling (for
delivery on the first day of such Interest Period) with a term equivalent to
such Interest Period, determined as of approximately 11:00 a.m. (London time)
two (2) Business Days prior to the first day of such Interest Period, or, if
different, the date on which quotations would customarily be provided by
leading banks in the London Interbank Market for deposits of amounts in the
relevant currency for delivery on the first day of such Interest Period,

 

(c)           if
the rates referenced in the preceding clauses (a) and (b) are not available,
the rate per annum determined by the Administrative Agent as the rate of
interest at which deposits in Dollars or Sterling for delivery on the first day
of such Interest Period in Same Day Funds in the approximate amount of the
Eurocurrency Rate Loan being made, continued or converted by UBS AG, Stamford
Branch and with a term equivalent to such Interest Period would be offered by a
London Affiliate of UBS AG, Stamford Branch to major banks in the London
interbank eurodollar market at their request at approximately 11:00 a.m.
(London time) two (2) Business Days prior to the first day of such Interest
Period or, if different, the date on which quotations would customarily be
provided by leading banks in the London Interbank Market for deposits of
amounts in the relevant currency for delivery on the first day of such Interest
Period,

 

(d)           the
rate per annum equal to the rate determined by the Administrative Agent to be
the offered rate that appears on the Telerate page 248 (or any successor
thereto) for deposits in Euros (for delivery on the first day of such Interest
Period) with a term equivalent to such Interest Period, determined as of
approximately 11:00 a.m. (Brussels time) two (2) Business Days prior to the
first day of such Interest Period, or, if different, the date on which
quotations would customarily be provided by leading banks in the European
interbank market for deposits of amounts in Euros for delivery on the first day
of such Interest Period,

 

(e)           if
the rate referenced in the preceding clause (d) does not appear on such page or
service or such page or service shall not be available, the rate per annum
equal to the rate determined by the Administrative Agent to be the offered rate
on such other page or other service that displays an average Banking Federation
of the European Union Interest Settlement Rate for deposits in Euros (for
delivery on the first day of such Interest Period) with a term equivalent to
such Interest Period, determined as of approximately 11:00 a.m. (London time)
two (2) Business Days prior to the first day of such Interest Period, or, if
different, the date on which quotations would customarily be provided by
leading banks in the European interbank market for deposits of amounts in Euros
for delivery on the first day of such Interest Period, or

 

25

 

(f)            if
the rates referenced in the preceding clauses (d) and (e) are not available,
the rate per annum determined by the Administrative Agent as the rate of
interest at which deposits in Euros for delivery on the first day of such
Interest Period in Same Day Funds in the approximate amount of the Eurocurrency
Rate Loan being made, continued or converted by UBS AG, Stamford Branch and
with a term equivalent to such Interest Period would be offered by a London
Affiliate of UBS AG, Stamford Branch to major banks in the European interbank
market at their request at approximately 11:00 a.m. (Brussels time) two (2)
Business Days prior to the first day of such Interest Period or, if different,
the date on which quotations would customarily be provided by leading banks in
the European interbank market for deposits of amounts in the relevant currency
for delivery on the first day of such Interest Period. “Eurocurrency Rate Loan” means a Loan,
whether denominated in Dollars or in an Alternative Currency, that bears
interest at a rate based on the Eurocurrency Rate.

 

“Event of Default” has the meaning specified
in Section 8.01.

 

“Excess Cash Flow” means, for any period, an
amount equal to the excess of:

 

(a)           the
sum, without duplication, of:

 

(i)            Consolidated
Net Income for such period,

 

(ii)           an
amount equal to the amount of all non-cash charges to the extent deducted in
arriving at such Consolidated Net Income,

 

(iii)          decreases
in Consolidated Working Capital and long-term account receivables for such
period (other than any such decreases arising from acquisitions (other than
acquisitions of inventory in the ordinary course of business) by Holdings, the
Borrower and the Restricted Subsidiaries completed during such period)), and

 

(iv)          an
amount equal to the aggregate net non-cash loss on Dispositions by Holdings,
the Borrower and the Restricted Subsidiaries during such period (other than
Dispositions in the ordinary course of business) to the extent deducted in
arriving at such Consolidated Net Income; over

 

(b)           the
sum, without duplication, of:

 

(i)            an
amount equal to the amount of all non-cash credits included in arriving at such
Consolidated Net Income and cash charges included in clauses (a) through (f) of
the definition of Consolidated Net Income,

 

(ii)           without
duplication of amounts deducted pursuant to clause (xi) below in prior fiscal
years, the amount of Capital Expenditures made in cash, except to the extent
that such Capital Expenditures were financed with the proceeds of Indebtedness
of Holdings, the Borrower or the Restricted Subsidiaries,

 

26

 

(iii)          the
aggregate amount of all principal payments of Indebtedness of Holdings, the
Borrower and the Restricted Subsidiaries (including (A) the principal component
of payments in respect of Capitalized Leases and (B) the amount of any mandatory
prepayment of Term Loans pursuant to Section 2.05(b)(ii) to the extent required
due to a Disposition that resulted in an increase to Consolidated Net Income and
not in excess of the amount of such increase but excluding (X) all other
prepayments of Term Loans and (Y) all prepayments of Revolving Credit Loans and
Swing Line Loans) made during such period (other than in respect of any
revolving credit facility to the extent there is not an equivalent permanent
reduction in commitments thereunder), except to the extent financed with the
proceeds of other Indebtedness of Holdings, the Borrower or the Restricted
Subsidiaries,

 

(iv)          an
amount equal to the aggregate net non-cash gain on Dispositions by Holdings,
the Borrower and the Restricted Subsidiaries during such period (other than
Dispositions in the ordinary course of business) to the extent included in
arriving at such Consolidated Net Income,

 

(v)           increases
in Consolidated Working Capital and long-term account receivables for such
period (other than any such increases arising from acquisitions by Holdings,
the Borrower and the Restricted Subsidiaries during such period),

 

(vi)          cash
payments by Holdings, the Borrower and the Restricted Subsidiaries during such
period in respect of long-term liabilities of Holdings, the Borrower and the
Restricted Subsidiaries other than Indebtedness,

 

(vii)         without
duplication of amounts deducted pursuant to clause (xi) below in prior fiscal
years, the amount of Investments and acquisitions made during such period
pursuant to Section 7.02(b), (i) or (n) to the extent that such Investments and
acquisitions were financed with internally generated cash flow of Holdings, the
Borrower and the Restricted Subsidiaries,

 

(viii)        the
amount of Restricted Payments paid during such period pursuant to Section
7.06(i) to the extent such Restricted Payments were financed with internally generated
cash flow of Holdings, the Borrower and the Restricted Subsidiaries,

 

(ix)           the
aggregate amount of expenditures actually made by Holdings, the Borrower and
the Restricted Subsidiaries in cash during such period (including expenditures
for the payment of financing fees) to the extent that such expenditures are not
expensed during such period,

 

(x)            the
aggregate amount of any premium, make-whole or penalty payments actually paid
in cash by Holdings, the Borrower and the Restricted Subsidiaries during such
period that are required to be made in connection with any prepayment of Indebtedness,

 

27

 

(xi)           without
duplication of amounts deducted from Excess Cash Flow in prior periods, the
aggregate consideration required to be paid in cash by Holdings, the Borrower
or any of the Restricted Subsidiaries pursuant to binding contracts (the “Contract Consideration”) entered into prior
to or during such period relating to Permitted Acquisitions or Capital
Expenditures to be consummated or made during the period of four consecutive
fiscal quarters of the Borrower following the end of such period; provided that to the extent the aggregate
amount of internally generated cash actually utilized to finance such Permitted
Acquisitions during such period of four consecutive fiscal quarters is less
than the Contract Consideration, the amount of such shortfall shall be added to
the calculation of Excess Cash Flow at the end of such period of four
consecutive fiscal quarters, and

 

(xii)          the
amount of cash taxes paid in such period to the extent they exceed the amount
of tax expense deducted in determining Consolidated Net Income for such period.

 

“Exchange Act” means the Securities Exchange
Act of 1934.

 

“Exchange Rate” means on any day with
respect to any currency other than Dollars, the rate at which such currency may
be exchanged into Dollars, as set forth at approximately 11:00 a.m. (London
time) on such day on the Reuters World Currency Page for such currency; in the
event that such rate does not appear on any Reuters World Currency Page, the
Exchange Rate shall be determined by reference to such other publicly available
service for displaying exchange rates as may be agreed upon by the Administrative
Agent and the Borrower, or, in the absence of such agreement, such Exchange
Rate shall instead be the arithmetic average of the spot rates of exchange of
the Administrative Agent in the market where its foreign currency exchange
operations in respect of such currency are then being conducted, at or about
10:00 a.m. (New York City time) on such date for the purchase of Dollars for
delivery two Business Days later.

 

“Excluded Subsidiary” means (a) any
Subsidiary that is not a wholly owned Subsidiary of Holdings, (b) each Subsidiary
listed on Schedule 1.01G hereto, (c) any Subsidiary that is prohibited
by applicable Law from guaranteeing the Obligations, (d) any Domestic
Subsidiary that is a Subsidiary of a Foreign Subsidiary, (e) any Restricted
Subsidiary acquired pursuant to a Permitted Acquisition financed with secured
Indebtedness incurred pursuant to Section 7.03(g) and each Restricted
Subsidiary thereof that guarantees such Indebtedness; provided that each such Restricted
Subsidiary shall cease to be an Excluded Subsidiary under this clause (d) if
such secured Indebtedness is repaid or becomes unsecured or if such Restricted
Subsidiary ceases to guarantee such secured Indebtedness, as applicable and (f)
any other Subsidiary with respect to which, in the reasonable judgment of the
Administrative Agent (confirmed in writing by notice to the Borrower), the cost
or other consequences (including any adverse tax consequences) of providing a
Guarantee shall be excessive in view of the benefits to be obtained by the
Lenders therefrom.

 

“Existing Letters of Credit” means the
letters of credit outstanding on the Closing Date and set forth on Schedule
1.01E.

 

28

 

“Facility” means the Tranche B Dollar Term
Loans, the Euro Term Loans, the Letter of Credit Facility, the Dollar Revolving
Credit Facility, the Alternative Currency Revolving Credit Facility or the
Post-First Amendment and Restatement Synthetic L/C Facility, as the context may
require, and are referred to collectively as the “Facilities”.

 

“Federal Funds Rate” means, for any day, the
rate per annum equal to the weighted average of the rates on overnight Federal
funds transactions with members of the Federal Reserve System arranged by
Federal funds brokers on such day, as published by the Federal Reserve Bank on
the Business Day next succeeding such day; provided
that (a) if such day is not a Business Day, the Federal Funds Rate for such day
shall be such rate on such transactions on the next preceding Business Day as
so published on the next succeeding Business Day, and (b) if no such rate is so
published on such next succeeding Business Day, the Federal Funds Rate for such
day shall be the average rate (rounded upward, if necessary, to a whole
multiple of 1/100 of 1%) charged to UBS AG, Stamford Branch on such day on such
transactions as determined by the Administrative Agent.

 

“First Amendment and Restatement Effective Date”
means the date that the conditions precedent set forth in Section 4.01 shall
have been satisfied.

 

“First Amendment and Restatement Credit Extension”
means the initial Credit Extension on the First Amendment and Restatement
Effective Date.

 

“Foreign Holdco” means a direct wholly owned
Subsidiary of Holdings which shall hold all of Holdings’ interests in all of
its other Foreign Subsidiaries.

 

“Foreign Lender” has the meaning specified
in Section 10.15(a)(i).

 

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

 

“Foreign Subsidiary” means any direct or
indirect Restricted Subsidiary of Holdings which is not a Domestic Subsidiary.

 

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

 

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

 

“Funded Debt” means all Indebtedness of
Holdings, the Borrower and the Restricted Subsidiaries for borrowed money that
matures more than one year from the date of its creation or matures within one
year from such date that is renewable or extendable, at the option of such
Person, to a date more than one year from such date or arises under a revolving
credit or similar agreement that obligates the lender or lenders to extend
credit during a period of more than one year from such date, including Indebtedness
in respect of the Loans.

 

29

 

“GAAP” means generally accepted accounting
principles in the United States of America, as in effect from time to time; provided, however,
that if the Borrower notifies the Administrative Agent that the Borrower
requests an amendment to any provision hereof to eliminate the effect of any
change occurring after the Closing Date in GAAP or in the application thereof
on the operation of such provision (or if the Administrative Agent notifies the
Borrower that the Required Lenders request an amendment to any provision hereof
for such purpose), regardless of whether any such notice is given before or
after such change in GAAP or in the application thereof, then such provision
shall be interpreted on the basis of GAAP as in effect and applied immediately
before such change shall have become effective until such notice shall have
been withdrawn or such provision amended in accordance herewith.

 

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

 

“Granting Lender” has the meaning specified
in Section 10.07(h).

 

“Guarantee” means, as to any Person, without
duplication, (a) any obligation, contingent or otherwise, of such Person
guaranteeing or having the economic effect of guaranteeing any Indebtedness or
other monetary obligation payable or performable by another Person (the “primary obligor”) in any manner, whether
directly or indirectly, and including any obligation of such Person, direct or
indirect, (i) to purchase or pay (or advance or supply funds for the purchase
or payment of) such Indebtedness or other monetary obligation, (ii) to purchase
or lease property, securities or services for the purpose of assuring the
obligee in respect of such Indebtedness or monetary other obligation of the
payment or performance of such Indebtedness or other monetary obligation, (iii)
to maintain working capital, equity capital or any other financial statement
condition or liquidity or level of income or cash flow of the primary obligor
so as to enable the primary obligor to pay such Indebtedness or other monetary
obligation, or (iv) entered into for the purpose of assuring in any other
manner the obligee in respect of such Indebtedness or other monetary obligation
of the payment or performance thereof or to protect such obligee against loss
in respect thereof (in whole or in part), or (b) any Lien on any assets of such
Person securing any Indebtedness or other monetary obligation of any other
Person, whether or not such Indebtedness or monetary other obligation is
assumed by such Person (or any right, contingent or otherwise, of any holder of
such Indebtedness to obtain any such Lien); provided
that the term “Guarantee” shall not include endorsements for collection or
deposit, in either case in the ordinary course of business, or customary and
reasonable indemnity obligations in effect on the Closing Date or entered into
in connection with any acquisition or disposition of assets permitted under
this Agreement (other than such obligations with respect to Indebtedness). The
amount of any Guarantee shall be deemed to be an amount equal to the stated or
determinable amount of the related primary obligation, or portion thereof, in
respect of which such Guarantee is made or, if not stated or determinable, the
maximum reasonably anticipated liability in respect thereof as determined by
the guaranteeing Person in good faith. The term “Guarantee” as a verb has a
corresponding meaning.

 

“Guarantors” has the meaning specified in
the definition of “Collateral and Guarantee Requirement”.

 

30

 

“Guaranty” means (a) the guaranty made by
Holdings and the Subsidiary Guarantors in favor of the Administrative Agent on
behalf of the Secured Parties, substantially in the form of Exhibit F
and (b) each other guaranty and guaranty supplement delivered pursuant to
Section 6.11.

 

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

 

“Hedge Bank” means (i) UBS AG, London
branch, with respect to those certain three cross currency swaps executed by
Borrower with UBS AG, London branch, each with an effective date of August 23,
2006 and (ii) any Person that is a Lender or an Affiliate of a Lender at the
time it enters into a Secured Hedge Agreement, in its capacity as a party
thereto.

 

“High Yield Notes” means the Senior Notes
and Senior Subordinated Notes.

 

“High Yield Notes Documentation” means the
High Yield Notes, and all documents executed and delivered with respect to the
High Yield Notes, including the Senior Notes Indenture and the Senior
Subordinated Notes Indenture.

 

“Holdings” has the meaning specified in the
introductory paragraph to this Agreement.

 

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

 

“Incremental Amendment” has the meaning
specified in Section 2.14(a).

 

“Incremental Facility Closing Date” has the
meaning specified in Section 2.14(a).

 

“Incremental Term Loans” has the meaning
specified in Section 2.14(a).

 

“Indebtedness” means, as to any Person at a
particular time, without duplication, all of the following, whether or not
included as indebtedness or liabilities in accordance with GAAP:

 

(a)           all
obligations of such Person for borrowed money and all obligations of such
Person evidenced by bonds, debentures, notes, loan agreements or other similar
instruments;

 

(b)           the
maximum amount (after giving effect to any prior drawings or reductions which
may have been reimbursed) of all letters of credit (including standby and
commercial), bankers’ acceptances, bank guaranties, surety bonds, performance
bonds and similar instruments issued or created by or for the account of such
Person;

 

(c)           net
obligations of such Person under any Swap Contract;

 

31

 

(d)           all
obligations of such Person to pay the deferred purchase price of property or
services (other than (i) trade accounts payable in the ordinary course of
business and (ii) any earn-out obligation until such obligation becomes a
liability on the balance sheet of such Person in accordance with GAAP);

 

(e)           indebtedness
(excluding prepaid interest thereon) secured by a Lien on property owned or
being purchased by such Person (including indebtedness arising under
conditional sales or other title retention agreements and mortgage, industrial
revenue bond, industrial development bond and similar financings), whether or
not such indebtedness shall have been assumed by such Person or is limited in
recourse;

 

(f)            all
Attributable Indebtedness;

 

(g)           all
obligations of such Person in respect of Disqualified Equity Interests; and

 

(h)           all
Guarantees of such Person in respect of any of the foregoing.

 

For
all purposes hereof, the Indebtedness of any Person shall (A) include the
Indebtedness of any partnership or joint venture (other than a joint venture
that is itself a corporation or limited liability company) in which such Person
is a general partner or a joint venturer, except to the extent such Person’s
liability for such Indebtedness is otherwise limited and only to the extent
such Indebtedness would be included in the calculation of Consolidated Total
Debt and (B) in the case of Holdings and its Subsidiaries, exclude all intercompany
Indebtedness having a term not exceeding 364 days (inclusive of any roll-over
or extensions of terms) and made in the ordinary of business consistent with
past practice. The amount of any net obligation under any Swap Contract on any
date shall be deemed to be the Swap Termination Value thereof as of such date.
The amount of Indebtedness of any Person for purposes of clause (e) shall be
deemed to be equal to the lesser of (i) the aggregate unpaid amount of such
Indebtedness and (ii) the fair market value of the property encumbered thereby
as determined by such Person in good faith.

 

“Indemnified Liabilities” has the meaning
specified in Section 10.05.

 

“Indemnitees” has the meaning specified in
Section 10.05.

 

“Information” has the meaning specified in
Section 10.08.

 

“Intellectual Property Security Agreement”
means the Intellectual Property Security Agreement, substantially in the form
attached as Exhibit J.

 

“Interest Payment Date” means, (a) as to any
Loan other than a Base Rate or Post-First Amendment and Restatement Synthetic
L/C Loan, the last day of each Interest Period applicable to such Loan and the
Maturity Date of the Facility under which such Loan was made; provided that if any Interest Period for a
Eurocurrency Rate Loan exceeds three months, the respective dates that fall
every three months after the beginning of such Interest Period shall also be
Interest Payment Dates; and (b) as to any Base Rate Loan (including a Swing
Line Loan), the last Business Day of each March, June, September and December
and the Maturity Date of the Facility under which such Loan was made; and (c)
as to any Credit-Linked Deposit or Post-First 

 

32

 

Amendment
and Restatement Credit-Linked Deposit and any Post-First Amendment and
Restatement Synthetic L/C Loan, the last day of each Interest Period therefor
or the date of any prepayment thereof.

 

“Interest Period” means, (a) as to each
Eurocurrency Rate Loan other than a Post-First Amendment and Restatement
Synthetic L/C Loan, subject to clauses (i) and (ii) Section 1.09(a) and clause
(b) of the last sentence of Section 2.08(a), the period commencing on the date
such Eurocurrency Rate Loan is disbursed or converted to or continued as a
Eurocurrency Rate Loan and ending on the date one, two, three or six months
thereafter, or to the extent available to each Lender of such Eurocurrency Rate
Loan, nine or twelve months or less than one month thereafter, as selected by
the Borrower in its Committed Loan Notice and (b)(x) as to Post-First Amendment
Credit-Linked Deposits that have been coverted from Credit-Linked Deposits (as
defined in the Original Credit Agreement) pursuant to the provisions hereof,
the period commencing on December 28, 2006 and (y) as to Post-First Amendment
Credit-Linked Deposits that are made on the First Amendment and Restatement
Effective Date pursuant to a commitment under a Tranche B Lender Addendum, the
period commencing on the First Amendment and Restatement Effective Date, and,
in each case, ending on the last Business Day of March 2007 and, in each case,
for each period after such period, the day beginning on the last day of the
previous period and ending on the next succeeding day that is the first to
occur of last Business Day of March, June, September or December, as the case
may be; provided that:

 

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

 

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

 

(c)                                  no Interest Period shall extend beyond the
Maturity Date of the Facility under which such Loan, Credit-Linked Deposit or
Post-First Amendment and Restatement Credit-Linked Deposit was made.

 

“Intermediate Holding Company” means any
Subsidiary of Holdings that, directly or indirectly, owns 100% of the issued
and outstanding Equity Interests of the Borrower.

 

“Intermediate Parent” has the meaning
specified in the introductory paragraph to this Agreement.

 

“Investment” means, as to any Person, any
direct or indirect acquisition or investment by such Person, whether by means
of (a) the purchase or other acquisition of Equity Interests or debt or other
securities of another Person, (b) a loan, advance or capital contribution to,
Guarantee or assumption of Indebtedness of, or purchase or other acquisition of
any other debt or equity participation or interest in, another Person,
including any partnership or joint venture interest in such other Person
(excluding, in the case of Holdings and its Subsidiaries, 

 

33

 

intercompany
loans, advances, or Indebtedness having a term not exceeding 364 days
(inclusive of any roll-over or extensions of terms) and made in the ordinary
course of business consistent with past practice) or (c) the purchase or other
acquisition (in one transaction or a series of transactions) of all or
substantially all of the property and assets or business of another Person or
assets constituting a business unit, line of business or division of such
Person. For purposes of covenant compliance, the amount of any Investment shall
be the amount actually invested, without adjustment for subsequent increases or
decreases in the value of such Investment.

 

“IP Collateral” means all “Intellectual
Property Collateral” referred to in the Collateral Documents and all of the
other IP Rights that are or are required by the terms hereof or of the
Collateral Documents to be subject to Liens in favor of the Administrative
Agent for the benefit of the Secured Parties.

 

“IP Rights” has the meaning specified in
Section 5.15.

 

“IRS” means the United States Internal
Revenue Service.

 

“Judgment Currency” has the meaning
specified in Section 10.19.

 

“Junior Financing” has the meaning specified
in Section 7.13(a).

 

“Junior Financing Documentation” means any
documentation governing any Junior Financing.

 

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

 

“L/C Borrowing” means a Revolving L/C
Borrowing or a Post-First Amendment and Restatement Synthetic L/C Borrowing.

 

“L/C Credit Extension” a Revolving L/C
Credit Extension or a Post-First Amendment and Restatement Synthetic L/C Credit
Extension.

 

“L/C Issuer” means a Revolving L/C Issuer or
the Post-First Amendment and Restatement Synthetic L/C Issuer.

 

“L/C Obligations” means the Revolving L/C
Obligations and the Post-First Amendment and Restatement Synthetic L/C
Obligations.

 

“Lender” has the meaning specified in the
introductory paragraph to this Agreement and, as the context requires,
includes, without limitation, an L/C Issuer, a Tranche B Dollar Term Lender and
the Swing Line Lender, and their respective successors and assigns as permitted
hereunder, each of which is referred to herein as a “Lender.”

 

34

 

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

 

“Letter of Credit” means any Existing Letter
of Credit or any letter of credit issued hereunder. A Letter of Credit may be a
commercial letter of credit or a standby letter of credit.

 

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

 

“Letter of Credit Expiration Date” means (a)
with respect to Letters of Credit issued under the Revolving Credit Facilities,
the day that is five (5) Business Days prior to the scheduled Maturity Date
then in effect for the Revolving Credit Facilities (or, if such day is not a
Business Day, the next preceding Business Day) and (b) with respect to Letters
of Credit issued under the Post-First Amendment and Restatement Synthetic L/C
Facility, the day that is five (5) Business Days prior to the scheduled
Maturity Date then in effect for the Post-First Amendment and Restatement
Synthetic L/C Facility (or, if such day is not a Business Day, the next
preceding Business Day).

 

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

 

“Loan” means an extension of credit by a
Lender to a Borrower under Article 2 in the form of a Tranche B Dollar Term
Loan, a Euro Term Loan, a Revolving Credit Loan, a Post-First Amendment and
Restatement Synthetic L/C Loan or a Swing Line Loan.

 

“Loan Documents” means, collectively, (i)
this Agreement, (ii) the Notes, (iii) the Guaranty, (iv) the Collateral
Documents and (v) each Letter of Credit Application.

 

“Loan Parties” means, collectively, the
Borrower and each Guarantor.

 

“Management Stockholders” means the members
of management of Holdings or any of its Subsidiaries who are investors in
Holdings or any direct or indirect parent thereof.

 

“Mandatory Cost” means, with respect to any
period, the percentage rate per annum determined in accordance with Schedule
1.01D.

 

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

 

“Material Adverse Effect” means (a) a
material adverse effect on the business, operations, assets, liabilities
(actual or contingent) or financial condition of Holdings and its 

 

35

 

Subsidiaries,
taken as a whole, (b) a material adverse effect on the ability of the Loan
Parties (taken as a whole) to perform their respective payment obligations
under any Loan Document to which any of the Loan Parties is a party or (c) a
material adverse effect on the rights and remedies of the Lenders or the Agents
under any Loan Document.

 

“Maturity Date” means (a) with respect to
the Revolving Credit Facilities, the sixth anniversary of the Closing Date and
(b) with respect to the Term Loans and the Post-First Amendment and Restatement
Synthetic L/C Facility, the seventh anniversary of the Closing Date; provided that if either such day is not a
Business Day, the Maturity Date shall be the Business Day immediately preceding
such day.

 

“Maximum Rate” has the meaning specified in
Section 10.10.

 

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

 

“Mortgage” means a document in form and
substance reasonably satisfactory to the Administrative Agent.

 

“Mortgage Amendment” has the meaning
specified in Section 6.16.

 

“Mortgage Policies” has the meaning
specified in Section 6.13(b)(ii).

 

“Mortgaged Properties” has the meaning
specified in paragraph (g) of the definition of Collateral and Guarantee
Requirement.

 

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

 

“Net Cash Proceeds” means:

 

(a)                                  with respect to the Disposition of any asset
by Holdings, the Borrower or any Restricted Subsidiary or any Casualty Event,
the excess, if any, of (i) the sum of cash and Cash Equivalents received in
connection with such Disposition or Casualty Event (including any cash (whether
in Dollars or an Alternative Currency) or Cash Equivalents received by way of
deferred payment pursuant to, or by monetization of, a note receivable or
otherwise, but only as and when so received and, with respect to any Casualty
Event, any insurance proceeds or condemnation awards in respect of such
Casualty Event actually received by or paid to or for the account of Holdings,
the Borrower or any Restricted Subsidiary) over (ii) the sum of (A) the
principal amount, premium or penalty, if any, interest and other amounts on any
Indebtedness that is secured by the asset subject to such Disposition or
Casualty Event and that is required to be repaid (and is timely repaid) in
connection with such Disposition or Casualty Event (other than Indebtedness
under the Loan Documents), (B) the out-of-pocket expenses (including attorneys’
fees, investment banking fees, survey costs, title insurance premiums, and
related search and recording charges, transfer taxes, deed or mortgage
recording taxes, other customary expenses and brokerage, consultant and other
customary fees) actually incurred by Holdings, the Borrower 

 

36

 

or
such Restricted Subsidiary in connection with such Disposition or Casualty
Event, (C) taxes paid or reasonably estimated to be actually payable in
connection therewith, and (D) any reserve for adjustment in respect of (x) the
sale price of such asset or assets established in accordance with GAAP and (y)
any liabilities associated with such asset or assets and retained by Holdings,
the Borrower or any Restricted Subsidiary after such sale or other disposition
thereof, including pension and other post-employment benefit liabilities and liabilities
related to environmental matters or against any indemnification obligations
associated with such transaction and it being understood that “Net Cash
Proceeds” shall include any cash or Cash Equivalents (i) received upon the
Disposition of any non-cash consideration received by Holdings, the Borrower or
any Restricted Subsidiary in any such Disposition and (ii) upon the reversal
(without the satisfaction of any applicable liabilities in cash in a
corresponding amount) of any reserve described in clause (D) of the preceding
sentence or, if such liabilities have not been satisfied in cash and such
reserve is not reversed within three hundred and sixty-five (365) days after
such Disposition or Casualty Event, the amount of such reserve; provided that (x) no net cash proceeds
calculated in accordance with the foregoing realized in a single transaction or
series of related transactions shall constitute Net Cash Proceeds unless such
net cash proceeds shall exceed a Dollar Amount of $5,000,000 and (y) no such
net cash proceeds shall constitute Net Cash Proceeds under this clause (a) in
any fiscal year until the aggregate amount of all such net cash proceeds in
such fiscal year shall exceed a Dollar Amount of $15,000,000 (and thereafter
only net cash proceeds in excess of such amount shall constitute Net Cash
Proceeds under this clause (a)); and

 

(b)                                 with respect to the incurrence or issuance of
any Indebtedness by Holdings, the Borrower or any Restricted Subsidiary, the
excess, if any, of (i) the sum of the cash received in connection with such
incurrence or issuance over (ii) the investment banking fees, underwriting
discounts, commissions, costs and other out-of-pocket expenses and other
customary expenses, incurred by Holdings, the Borrower or such Restricted
Subsidiary in connection with such incurrence or issuance.

 

“Non-Cash Charges” has the meaning specified
in the definition of the term “Consolidated
EBITDA”.

 

“Non-Consenting Lender” has the meaning
specified in Section 3.07(d).

 

“Nonrenewal Notice Date” has the meaning
specified in Section 2.03(b)(iii).

 

“Note” means a Tranche B Dollar Term Note, a
Euro Term Note, a Dollar Revolving Credit Note, an Alternative Currency
Revolving Credit Note or a Post-First Amendment and Restatement Synthetic L/C
Note as the context may require.

 

“Notice of Intent to Cure” has the meaning
specified in Section 6.02(b).

 

“Not Otherwise Applied” means, with
reference to any amount of Net Cash Proceeds of any transaction or event or of
Excess Cash Flow that is proposed to be applied to a particular use or
transaction, that such amount (a) was not required to be applied to prepay the 

 

37

 

Loans
pursuant to Section 2.05(b) and (b) was not (or is not simultaneously being)
applied to anything other than that such particular use or transaction.

 

“NPL” means the National Priorities List
under CERCLA.

 

“Obligations” means all (x) advances to, and
debts, liabilities, obligations, covenants and duties of, any Loan Party and
its Subsidiaries arising under any Loan Document or otherwise with respect to
any Loan or Letter of Credit, whether direct or indirect (including those
acquired by assumption), absolute or contingent, due or to become due, now
existing or hereafter arising and including interest and fees that accrue after
the commencement by or against any Loan Party or Subsidiary of any proceeding
under any Debtor Relief Laws naming such Person as the debtor in such
proceeding, regardless of whether such interest and fees are allowed claims in
such proceeding, (y) obligations of any Loan Party and its Subsidiaries arising
under any Secured Hedge Agreement, and (z) Cash Management Obligations. Without
limiting the generality of the foregoing, the Obligations of the Loan Parties
under the Loan Documents (and of their Subsidiaries to the extent they have
obligations under the Loan Documents) include (a) the obligation (including
guarantee obligations) to pay principal, interest, Letter of Credit
commissions, reimbursement obligations, charges, expenses, fees, Attorney
Costs, indemnities and other amounts payable by any Loan Party or its
Subsidiaries under any Loan Document and (b) the obligation of any Loan Party
or any of its Subsidiaries to reimburse any amount in respect of any of the
foregoing that any Lender, in its sole discretion, may elect to pay or advance
on behalf of such Loan Party or such Subsidiary.

 

“Orbitz” means Orbitz, Inc.

 

“Organization Documents” means, (a) with
respect to any corporation, the certificate or articles of incorporation and
the bylaws (or equivalent or comparable constitutive documents with respect to
any non-U.S. jurisdiction); (b) with respect to any limited liability company,
the certificate or articles of formation or organization and operating
agreement; and (c) with respect to any partnership, joint venture, trust or
other form of business entity, the partnership, joint venture or other
applicable agreement of formation or organization and any agreement,
instrument, filing or notice with respect thereto filed in connection with its
formation or organization with the applicable Governmental Authority in the
jurisdiction of its formation or organization and, if applicable, any certificate
or articles of formation or organization of such entity.

 

“Original Credit Agreement” has the meaning
specified in the preliminary statements hereto.

 

“Other Sponsor” shall mean another financial
sponsor identified to the Administrative Agent that is a purchaser of Equity
Interests in Holdings on or promptly after the Closing Date.

 

“Other Taxes” has the meaning specified in
Section 3.01(b).

 

“Outstanding Amount” means (a) with respect
to the Tranche B Dollar Term Loans, Euro Term Loans, Revolving Credit Loans,
Post-First Amendment and Restatement Synthetic L/C Loans and Swing Line Loans
on any date, the Dollar Amount thereof after giving effect 

 

38

 

to
any borrowings and prepayments or repayments of Tranche B Dollar Term Loans,
Euro Term Loans, Revolving Credit Loans (including any refinancing of
outstanding Unreimbursed Amounts under Revolving Letters of Credit or Revolving
L/C Credit Extensions as a Revolving Credit Borrowing), Post-First Amendment
and Restatement Synthetic L/C Loans and Swing Line Loans, as the case may be,
occurring on such date; and (b) with respect to any L/C Obligations on any
date, the Dollar Amount thereof on such date after giving effect to any related
L/C Credit Extension occurring on such date and any other changes thereto as of
such date, including as a result of any reimbursements of outstanding
Unreimbursed Amounts under related Letters of Credit (including any refinancing
of outstanding Unreimbursed Amounts under related Letters of Credit or related
L/C Credit Extensions as a Revolving Credit Borrowing or Post-First Amendment
and Restatement Synthetic L/C Borrowing, as the case may be) or any reductions
in the maximum amount available for drawing under related Letters of Credit
taking effect on such date.

 

“Overnight Rate” means, for any day, (a) with
respect to any amount denominated in Dollars, the Federal Funds Rate, and (b)
with respect to any amount denominated in an Alternative Currency, the rate of
interest per annum at which overnight deposits in the applicable Alternative
Currency, in an amount approximately equal to the amount with respect to which
such rate is being determined, would be offered for such day by a branch or
Affiliate of UBS AG, Stamford Branch in the applicable offshore interbank
market for such currency to major banks in such interbank market.

 

“Participant” has the meaning specified in
Section 10.07(e).

 

“Participating Member State” means each
state so described in any EMU Legislation.

 

“PBGC” means the Pension Benefit Guaranty
Corporation.

 

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

 

“Permitted Acquisition” has the meaning
specified in Section 7.02(i).

 

“Permitted Equity Issuance” means any sale
or issuance of any Qualified Equity Interests of Holdings (and, after a
Qualifying IPO, of the Borrower or an Intermediate Holding Company) to the
extent permitted hereunder.

 

“Permitted Holders” means each of (i) the
Sponsor, (ii) the Management Stockholders and (iii) the Other Sponsor; provided that if the Management
Stockholders own beneficially or of record more than fifteen percent (15%) of
the outstanding voting stock of Holdings in the aggregate, they shall be
treated as Permitted Holders of only fifteen percent (15%) of the outstanding
voting stock of Holdings at such time; provided
further that if the Other Sponsor
owns beneficially or of record more than fifteen percent (15%) of the
outstanding voting stock of 

 

39

 

Holdings in the aggregate, it shall be
treated as a Permitted Holder of only fifteen percent (15%) of the outstanding
voting stock of Holdings at such time.

 

“Permitted Refinancing” means, with respect
to any Person, any modification, refinancing, refunding, renewal or extension
of any Indebtedness of such Person; provided
that (a) the principal amount (or accreted value, if applicable) thereof does
not exceed the principal amount (or accreted value, if applicable) of the
Indebtedness so modified, refinanced, refunded, renewed or extended except by
an amount equal to unpaid accrued interest and premium thereon plus
other reasonable amount paid, and fees and expenses reasonably incurred, in
connection with such modification, refinancing, refunding, renewal or extension
and by an amount equal to any existing commitments unutilized thereunder, (b)
other than with respect to a Permitted Refinancing in respect of Indebtedness
permitted pursuant to Section 7.03(e), such modification, refinancing,
refunding, renewal or extension has a final maturity date equal to or later
than the final maturity date of, and has a Weighted Average Life to Maturity
equal to or greater than the Weighted Average Life to Maturity of, the
Indebtedness being modified, refinanced, refunded, renewed or extended, (c)
other than with respect to a Permitted Refinancing in respect of Indebtedness
permitted pursuant to Section 7.03(e), at the time thereof, no Event of Default
shall have occurred and be continuing, and (d) if such Indebtedness being
modified, refinanced, refunded, renewed or extended is Indebtedness permitted
pursuant to Section 7.03(b), 7.03(t) or 7.13(a), (i) to the extent such
Indebtedness being modified, refinanced, refunded, renewed or extended is
subordinated in right of payment to the Obligations, such modification,
refinancing, refunding, renewal or extension is subordinated in right of
payment to the Obligations on terms at least as favorable to the Lenders as
those contained in the documentation governing the Indebtedness being modified,
refinanced, refunded, renewed or extended, (ii) the terms and conditions
(including, if applicable, as to collateral but excluding as to subordination,
interest rate and redemption premium) of any such modified, refinanced,
refunded, renewed or extended Indebtedness, taken as a whole, are not materially
less favorable to the Loan Parties or the Lenders than the terms and conditions
of the Indebtedness being modified, refinanced, refunded, renewed or extended; provided that a certificate of a
Responsible Officer delivered to the Administrative Agent at least five
Business Days prior to the incurrence of such Indebtedness, together with a
reasonably detailed description of the material terms and conditions of such Indebtedness
or drafts of the documentation relating thereto, stating that the Borrower has
determined in good faith that such terms and conditions satisfy the foregoing
requirement shall be conclusive evidence that such terms and conditions satisfy
the foregoing requirement unless the Administrative Agent notifies the Borrower
within such five Business Day period that it disagrees with such determination
(including a reasonable description of the basis upon which it disagrees) and
(iii) such modification, refinancing, refunding, renewal or extension is
incurred by the Person who is the obligor of the Indebtedness being modified,
refinanced, refunded, renewed or extended.

 

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

 

“Plan” means any “employee benefit plan” (as
such term is defined in Section 3(3) of ERISA), other than a Foreign Plan,
established by any Loan Party or, with respect to any such plan that is subject
to Section 412 of the Code or Title IV of ERISA, any ERISA Affiliate.

 

“Pledged Debt” has the meaning specified in
the Security Agreement.

 

40

 

“Pledged Equity” has the meaning specified
in the Security Agreement.

 

“Post-Acquisition Period” means, with
respect to any Permitted Acquisition, the period beginning on the date such
Permitted Acquisition is consummated and ending on the last day of the sixth
full consecutive fiscal quarter immediately following the date on which such
Permitted Acquisition is consummated.

 

“Post-First Amendment and Restatement  Credit-Linked Deposit” means, in respect of
each Post-First Amendment and Restatement Synthetic L/C Lender, the cash
deposit made by such Lender pursuant to Section 2.03(k)(i), as such amount may
be (a) reduced from time to time pursuant to Section 2.06 or (b) reduced or
increased from time to time pursuant to Section 2.03(c)(viii) or pursuant to
assignments by or to such Lender pursuant to Section 10.07. The initial amount
of each Post-First Amendment and Restatement Synthetic L/C Lender’s Post-First
Amendment and Restatement Credit-Linked Deposit shall be equal to the amount of
its Post-First Amendment and Restatement Synthetic L/C Commitment on the First
Amendment and Restatement Effective Date.

 

“Post-First Amendment and Restatement  Credit-Linked Deposit Account” means the
operating and/or investment account of, and established by, the Administrative
Agent under its exclusive dominion and control that shall be used for the purposes
set forth in Sections 2.03(c)(viii) and 2.03(k).

 

“Post-First Amendment and Restatement  Credit-Linked Deposit Cost Amount” means,
for any Interest Period with respect to the Post-First Amendment and
Restatement Credit-Linked Deposits, an amount (expressed in basis points)
reasonably determined by the Administrative Agent in good faith to represent
the Administrative Agent’s administrative cost for investing the Post-First
Amendment and Restatement Credit-Linked Deposits and maintaining the Post-First
Amendment and Restatement Credit-Linked Deposit Account for such Interest
Period, which amount shall not exceed 12.5 basis points for such Interest
Period.

 

“Post-First Amendment and Restatement Synthetic L/C
Borrowing” means an extension of credit resulting from a drawing
under any Synthetic L/C Letter of Credit which has not been reimbursed on the
applicable Honor Date and which amount is funded by reducing the Post-First
Amendment and Restatement Credit-Linked Deposits by a like amount, consisting
of simultaneous Post-First Amendment and Restatement Synthetic L/C Loans having
the same Interest Period made by each of the Post-First Amendment and
Restatement Synthetic L/C Lenders pursuant to Section 2.03(c)(viii).

 

“Post-First Amendment and Restatement  Synthetic L/C Commitment” means, as to each
Post-First Amendment and Restatement Synthetic L/C Lender, its obligation
initially to fund its Post-First Amendment and Restatement Credit-Linked Deposit
in an amount set forth below and after the First Amendment and Restatement
Effective Date to (a) make Post-First Amendment and Restatement Synthetic L/C
Loans to the Borrower pursuant to Section 2.03(c)(viii) and (b) purchase
participations in Post-First Amendment and Restatement Synthetic L/C
Obligations in respect of Synthetic L/C Letters of Credit, in an aggregate
principal amount at any one time outstanding not to exceed the amount of its
Post-First Amendment and Restatement Credit-Linked Deposit, as such amount may
be adjusted from time to time in accordance with 

 

41

 

this
Agreement. The initial amount of the Post-First Amendment and Restatement
Synthetic L/C Commitment of any Synthetic L/C Lender which has consented to the
amendment and restatement of the Original Credit Agreement to occur on the
First Amendment and Restatement Effective Date shall be equal to the principal
amount of Credit-Linked Deposits held by such Synthetic L/C Lender immediately
prior to the First Amendment and Restatement Effective Date (unless such
Synthetic L/C Lender has committed, pursuant to the Tranche B Lender Addendum,
to provide a greater Post-First Amendment and Restatement Commitment, in which
case such Synthetic L/C Lender’s Post-First Amendment and Restatement
Commitment shall include any incremental amount set forth in the Tranche B
Lender Addendum) and the initial amount of each other Person with a Post-First
Amendment and Restatement Synthetic L/C Commitment shall be the amount set
forth in such Person’s Tranche B Lender Addendum. The aggregate Post-First
Amendment and Restatement Synthetic L/C Commitments of all Post-First Amendment
and Restatement Synthetic L/C Lenders shall be $125,000,000 on the First
Amendment and Restatement Effective Date, as such amount may be adjusted from
time to time in accordance with the terms of this Agreement.

 

“Post-First Amendment and Restatement  Synthetic L/C Credit Extension” means, with
respect to any Synthetic L/C Letter of Credit, the issuance thereof or
extension of the expiry date thereof, or the renewal or increase of the amount
thereof.

 

“Post-First Amendment and Restatement  Synthetic L/C Exposure” means, as to each
Post-First Amendment and Restatement Synthetic L/C Lender, its Pro Rata Share
of the Post-First Amendment and Restatement Synthetic L/C Obligations at such
time.

 

“Post-First Amendment and Restatement  Synthetic L/C Facility” means, at any time,
the aggregate amount of the Post-First Amendment and Restatement Synthetic L/C
Lenders’ Post-First Amendment and Restatement Synthetic L/C Commitments at such
time.

 

“Post-First Amendment and Restatement  Synthetic L/C Issuer” means UBS AG,
Stamford Branch and its successors (including pursuant to Section 10.07(j)).

 

“Post-First Amendment and Restatement  Synthetic L/C Lender” means, at any time,
any Lender that has a Post-First Amendment and Restatement Synthetic L/C
Commitment or an outstanding Post-First Amendment and Restatement Synthetic L/C
Loan at such time.

 

“Post-First Amendment and Restatement  Synthetic L/C Loans” means the loans deemed
made by the Post-First Amendment and Restatement Synthetic L/C Lenders to the
Borrower pursuant to Section 2.03(c)(viii) to reimburse drawings under a
Synthetic L/C Letter of Credit, which loans are funded by reducing the
Post-First Amendment and Restatement Credit-Linked Deposits by a like amount.

 

“Post-First Amendment and Restatement  Synthetic L/C Note” means a promissory note
of the Borrower payable to any Post-First Amendment and Restatement Synthetic
L/C Lender or its registered assigns, in substantially the form of Exhibit
C-5 hereto, evidencing the aggregate Indebtedness of the Borrower to such
Post-First Amendment and Restatement Synthetic L/C Lender resulting from the
Post-First Amendment and Restatement Synthetic L/C Loans made by such
Post-First Amendment and Restatement Synthetic L/C Lender.

 

42

 

“Post-First Amendment and Restatement  Synthetic L/C Obligations” means, as at any
date of determination, the aggregate maximum amount then available to be drawn
under all outstanding Synthetic L/C Letters of Credit (whether or not such
maximum amount is then in effect under any such Synthetic L/C Letter of Credit
if such maximum amount increases periodically pursuant to the terms of such
Synthetic L/C Letter of Credit) plus the aggregate of all Unreimbursed Amounts
in respect of Synthetic L/C Letters of Credit, including all Post-First
Amendment and Restatement Synthetic L/C Borrowings.

 

“Principal L/C Issuer” means the following
(i) any L/C Issuer that has issued Letters of Credit under either Revolving
Credit Facility having an aggregate Outstanding Amount in excess of $10,000,000
and (ii) the Post-First Amendment and Restatement Synthetic L/C Issuer.

 

“Pro Forma Adjustment” means, for any Test
Period that includes all or any part of a fiscal quarter included in any
Post-Acquisition Period, with respect to the Acquired EBITDA of the applicable
Acquired Entity or Business or the Consolidated EBITDA of the Borrower, the pro
forma increase or decrease in such Acquired EBITDA or such Consolidated EBITDA,
as the case may be, projected by the Borrower in good faith as a result of (a)
actions taken during such Post-Acquisition Period for the purposes of realizing
reasonably identifiable and factually supportable cost savings or (b) any
additional costs incurred during such Post-Acquisition Period, in each case in
connection with the combination of the operations of such Acquired Entity or
Business with the operations of Holdings, the Borrower and the Restricted
Subsidiaries; provided that, so
long as such actions are taken during such Post-Acquisition Period or such
costs are incurred during such Post-Acquisition Period, as applicable, the cost
savings related to such actions or such additional costs, as applicable, it may
be assumed, for purposes of projecting such pro forma increase or decrease to
such Acquired EBITDA or such Consolidated EBITDA, as the case may be, that such
cost savings will be realizable during the entirety of such Test Period, or
such additional costs, as applicable, will be incurred during the entirety of
such Test Period; provided  further that any such pro forma increase
or decrease to such Acquired EBITDA or such Consolidated EBITDA, as the case
may be, shall be without duplication for cost savings or additional costs
already included in such Acquired EBITDA or such Consolidated EBITDA, as the
case may be, for such Test Period.

 

“Pro Forma Balance Sheet” has the meaning
specified in Section 5.05(a)(ii).

 

“Pro Forma Basis”, “Pro Forma Compliance” and “Pro Forma Effect” mean, with respect to
compliance with any test or covenant hereunder, that (A) if compliance for a
Test Period ending on or before June 30, 2007 is being determined, the
Transaction shall have been deemed to have been consummated on the first day of
such applicable Test Period, (B) to the extent applicable, the Pro Forma
Adjustment shall have been made and (C) all Specified Transactions and the
following transactions in connection therewith shall be deemed to have occurred
as of the first day of the applicable period of measurement in such test or
covenant:  (a) income statement items
(whether positive or negative) attributable to the property or Person subject
to such Specified Transaction, (i) in the case of a Disposition of all or
substantially all Equity Interests in any Subsidiary of Holdings or any
division, product line, or facility used for operations of Holdings or any of
its Subsidiaries, shall be excluded, and (ii) in the case of a Permitted Acquisition
or Investment described in the definition of “Specified Transaction”, shall be
included, (b) 

 

43

 

any
retirement of Indebtedness, and (c) any Indebtedness incurred or assumed by
Holdings, the Borrower or any of the Restricted Subsidiaries in connection
therewith and if such Indebtedness has a floating or formula rate, shall have
an implied rate of interest for the applicable period for purposes of this
definition determined by utilizing the rate which is or would be in effect with
respect to such Indebtedness as at the relevant date of determination; provided that, without limiting the
application of the Pro Forma Adjustment pursuant to (A) above, the foregoing
pro forma adjustments may be applied to any such test or covenant solely to the
extent that such adjustments are consistent with the definition of Consolidated
EBITDA and give effect to events (including operating expense reductions) that
are (i) (x) directly attributable to such transaction, (y) expected to have a
continuing impact on Holdings, the Borrower and the Restricted Subsidiaries and
(z) factually supportable or (ii) otherwise consistent with the definition of
Pro Forma Adjustment.

 

“Pro Forma Financial Statements” has the
meaning specified in Section 5.05(a)(ii).

 

“Pro Rata Share” means, with respect to each
Lender at any time a fraction (expressed as a percentage, carried out to the
ninth decimal place), the numerator of which is the amount of the Commitments
of such Lender under the applicable Facility or Facilities at such time and the
denominator of which is the amount of the Aggregate Commitments under the
applicable Facility or Facilities at such time; provided that if such Commitments have been terminated, then
the Pro Rata Share of each Lender shall be determined based on the Pro Rata
Share of such Lender immediately prior to such termination and after giving
effect to any subsequent assignments made pursuant to the terms hereof.

 

“Projections” shall have the meaning
specified in Section 6.01(c).

 

“Purchase Agreement” means the Purchase
Agreement by and among Cendant Corporation, Travelport Inc. and TDS Investor
LLC dated as of June 30, 2006.

 

“Qualified Equity Interests” means any
Equity Interests that are not Disqualified Equity Interests.

 

“Qualifying IPO” means the issuance by
Holdings, any direct or indirect parent of Holdings, any Intermediate Holding
Company or the Borrower of its common Equity Interests in an underwritten
primary public offering (other than a public offering pursuant to a
registration statement on Form S-8) pursuant to an effective registration
statement filed with the SEC in accordance with the Securities Act (whether
alone or in connection with a secondary public offering).

 

“Register” has the meaning specified in
Section 10.07(d).

 

“Rejection Notice” has the meaning specified
in Section 2.05(b)(vi)

 

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

 

44

 

“Repricing Amendment Agreement” means the
Repricing Amendment Agreement dated as of January 29, 2007 among Holdings,
Intermediate Parent, the Borrower, the Administrative Agent and certain
Lenders.

 

“Request for Credit Extension” means (a)
with respect to a Borrowing, conversion or continuation of Tranche B Dollar Term
Loans, Euro Term Loans, Revolving Credit Loans, or Post-First Amendment and
Restatement Synthetic L/C Loans, a Committed Loan Notice, (b) with respect to
an L/C Credit Extension, a Letter of Credit Application, and (c) with respect
to a Swing Line Loan, a Swing Line Loan Notice.

 

“Required Lenders” means, as of any date of
determination, Lenders having more than 50% of the sum of the (a) Total
Outstandings (with the aggregate Dollar Amount of each Lender’s risk
participation and funded participation in Dollar L/C Obligations and Swing Line
Loans being deemed “held” by such Lender for purposes of this definition), (b)
aggregate unused Tranche B Dollar Term Commitments, (c) aggregate unused Euro
Term Commitments, (d) aggregate unused Revolving Credit Commitments and (e)
aggregate Unused Post-First Amendment and Restatement Synthetic L/C
Commitments; provided that the
unused Tranche B Dollar Term Commitment, unused Euro Term Commitment, unused
Revolving Credit Commitment and Unused Post-First Amendment and Restatement
Synthetic L/C Commitment of, and the portion of the Total Outstandings held or
deemed held by, any Defaulting Lender or Holdings or any Affiliate thereof
shall be excluded for purposes of making a determination of Required Lenders.

 

“Responsible Officer” means the chief
executive officer, president, vice president, chief financial officer,
treasurer or assistant treasurer or other similar officer of a Loan Party and,
as to any document delivered on the Closing Date, any secretary or assistant secretary
of a Loan Party. Any document delivered hereunder that is signed by a
Responsible Officer of a Loan Party shall be conclusively presumed to have been
authorized by all necessary corporate, partnership and/or other action on the
part of such Loan Party and such Responsible Officer shall be conclusively
presumed to have acted on behalf of such Loan Party.

 

“Restricted Payment” means any dividend or
other distribution (whether in cash, securities or other property) with respect
to any Equity Interest of Holdings, the Borrower or any Restricted Subsidiary,
or any payment (whether in cash, securities or other property), including any
sinking fund or similar deposit, on account of the purchase, redemption,
retirement, defeasance, acquisition, cancellation or termination of any such
Equity Interest, or on account of any return of capital to Holdings or the Borrower’s
stockholders, partners or members (or the equivalent Persons thereof).

 

“Restricted Subsidiary” means any Subsidiary
of Holdings (including any Intermediate Holding Company) other than an
Unrestricted Subsidiary and other than the Borrower.

 

“Revolving Commitment Increase” has the
meaning specified in Section 2.14(a).

 

45

 

“Revolving Commitment Increase Lender” has
the meaning specified in Section 2.14(a).

 

“Revolving Credit Borrowing” means a Dollar
Revolving Credit Borrowing or an Alternative Currency Revolving Credit
Borrowing.

 

“Revolving Credit Commitments” means the
collective reference to the Dollar Revolving Credit Commitment and the
Alternative Currency Revolving Credit Commitment.

 

“Revolving Credit Exposure” means the
collective reference to the Dollar Revolving Credit Exposure and the Alternative
Currency Revolving Credit Exposure.

 

“Revolving Credit Facilities” means the
collective reference to the Dollar Revolving Credit Facility and the Alternative
Currency Revolving Credit Facility.

 

“Revolving Credit Lenders” means the
collective reference to the Dollar Revolving Credit Lenders and the Alternative
Currency Revolving Credit Lenders.

 

“Revolving Credit Loans” means the
collective reference to the Dollar Revolving Credit Loans and the Alternative
Currency Revolving Credit Loans.

 

“Revolving Credit Notes” means the
collective reference to the Dollar Revolving Credit Notes and the Alternative
Currency Revolving Credit Notes.

 

“Revolving L/C Advances” means the
collective reference to Dollar Revolving L/C Advances and Alternative Currency
Revolving L/C Advances.

 

“Revolving L/C Borrowing” means the
collective reference to Dollar Revolving L/C Borrowings and Alternative
Currency Revolving L/C Borrowings.

 

“Revolving L/C Credit Extensions” means the
collectively reference to the Dollar Revolving L/C Credit Extensions and the
Alternative Currency Revolving L/C Credit Extensions.

 

“Revolving L/C Issuer” means the
collectively reference to the Dollar Revolving L/C Issuer and the Alternative
Currency Revolving L/C Issuer.

 

“Revolving L/C Obligations” means, the
collective reference to the Dollar Revolving L/C Obligations and the Alternative
Currency Revolving L/C Obligations.

 

“Revolving Letter of Credits” means the
collective reference to Dollar Revolving Letters of Credit and Alternative
Currency Revolving Letters of Credit.

 

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

 

“Same Day Funds” (a) with respect to
disbursements and payments in Dollars, immediately available funds, and (b)
with respect to disbursements and payments in an Alternative 

 

46

 

Currency,
same day or other funds as may be determined by the Administrative Agent to be
customary in the place of disbursement or payment for the settlement of
international banking transactions in the relevant Alternative Currency.

 

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

 

“Second Amended and Restated Credit Agreement”
means the amendment and restatement to the Original Credit Agreement approved
pursuant to the Amendment Agreement to the Original Credit Agreement dated
December 21, 2006 entered into among Borrower, Holdings, Intermediate Parent,
the Administrative Agent and the Original Lenders, as further amended and
restated pursuant to the Repricing Amendment Agreement.

 

“Secured Hedge Agreement” means any Swap
Contract permitted under Section 7.03(f) that is entered into by and between
any Loan Party or any Restricted Subsidiary and any Hedge Bank.

 

“Secured Parties” means, collectively, the
Administrative Agent, the Collateral Agent, the Lenders, the Hedge Banks, the
Cash Management Banks, the Supplemental Administrative Agent and each co-agent
or sub-agent appointed by the Administrative Agent from time to time pursuant
to Section 9.01(c).

 

“Securities Act” means the Securities Act of
1933.

 

“Security Agreement” means, collectively,
the Security Agreement executed by the Loan Parties, substantially in the form
of Exhibit G, together with each other security agreement supplement
executed and delivered pursuant to Section 6.11.

 

“Security Agreement Supplement” has the
meaning specified in the Security Agreement.

 

“Senior Notes” means, collectively, (a)
$450,000,000 in aggregate principal amount of the Borrower’s 97⁄8% senior
dollar fixed rate notes due 2014, (b) $150,000,000 in aggregate principal
amount of the Borrower’s dollar floating rate senior unsecured notes due 2014
and (c) €235,000,000 in aggregate principal amount of the Borrower’s euro
floating rate senior unsecured notes due 2014.

 

“Senior Notes Indenture” means the Indenture
for the Senior Notes, dated as of August 23, 2006.

 

“Senior Subordinated Notes” means,
collectively, (a) $300,000,000 in aggregate principal amount of the Borrower’s
117⁄8% senior subordinated notes due 2016 and (b) €160,000,000 in aggregate
principal amount of the Borrower’s 107⁄8% senior euro fixed rate notes due
2016.

 

“Senior Subordinated Notes Indenture” means
the Indenture for the Senior Subordinated Notes, dated as of August 23, 2006.

 

47

 

“Sold Entity or Business” has the meaning
specified in the definition of the term “Consolidated EBITDA”.

 

“Solvent” and “Solvency” mean, with respect to any Person on any date of
determination, that on such date (a) the fair value of the property of such
Person is greater than the total amount of liabilities, including contingent
liabilities, of such Person, (b) the present fair salable value of the assets
of such Person is not less than the amount that will be required to pay the
probable liability of such Person on its debts as they become absolute and
matured, (c) such Person does not intend to, and does not believe that it will,
incur debts or liabilities beyond such Person’s ability to pay such debts and
liabilities as they mature and (d) such Person is not engaged in business or a
transaction, and is not about to engage in business or a transaction, for which
such Person’s property would constitute an unreasonably small capital. The
amount of contingent liabilities at any time shall be computed as the amount
that, in the light of all the facts and circumstances existing at such time,
represents the amount that can reasonably be expected to become an actual or
matured liability.

 

“SPC” has the meaning specified in Section
10.07(h).

 

“Specified Transaction” means any
Investment, Disposition, incurrence or repayment of Indebtedness, Restricted
Payment, Subsidiary designation, Incremental Term Loan, Revolving Commitment
Increase that by the terms of this Agreement requires “Pro Forma Compliance”
with a test or covenant hereunder or requires such test or covenant to be
calculated on a “Pro Forma Basis”; provided
that a Revolving Commitment Increase, for purposes of this “Specified
Transaction” definition, shall be deemed to be fully drawn.

 

“Sponsor” means The Blackstone Group and its
Affiliates, but not including, however, any of its portfolio companies.

 

“Sponsor Management Agreement” means the
management agreement between certain of the management companies associated
with the Sponsor and the Borrower.

 

“Sponsor Termination Fees” means the one
time payment under the Sponsor Management Agreement of a termination fee to the
Sponsor and its Affiliates in the event of either a Change of Control or the
completion of a Qualifying IPO.

 

“Sterling” and “£” means the lawful currency of the United Kingdom.

 

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

 

“Subsidiary Guarantor” means, collectively,
the Subsidiaries of Holdings that are Guarantors.

 

48

 

“Successor Borrower” has the meaning
specified in Section 7.04(d).

 

“Supplemental Administrative Agent” has the
meaning specified in Section 9.13 and “Supplemental Administrative Agents”
shall have the corresponding meaning.

 

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

 

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

 

“Swing Line Borrowing” means a borrowing of
a Swing Line Loan pursuant to Section 2.04.

 

“Swing Line Facility” means the revolving
credit facility made available by the Swing Line Lender pursuant to Section
2.04.

 

“Swing Line Lender” means UBS Loan Finance
LLC, in its capacity as provider of Swing Line Loans, or any successor swing
line lender hereunder.

 

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

 

“Swing Line Loan Notice” means a notice of a
Swing Line Borrowing pursuant to Section 2.04(b), which, if in writing, shall
be substantially in the form of Exhibit B.

 

“Swing Line Obligations” means, as at any
date of determination, the aggregate principal amount of all Swing Line Loans
outstanding.

 

49

 

“Swing Line Sublimit” means an amount equal
to the lesser of (a) $20,000,000 and (b) the aggregate Dollar Amount of the
Dollar Revolving Credit Commitments. The Swing Line Sublimit is part of, and
not in addition to, the Dollar Revolving Credit Commitments.

 

“Syndication Agent” means Credit Suisse
Securities (USA), LLC, as Syndication Agent under this Agreement.

 

“Synthetic L/C Commitment” has the meaning
assigned to such term in the Original Credit Agreement.

 

“Synthetic L/C Lender” has the meaning
assigned to such term in the Original Credit Agreement.

 

“Synthetic L/C Letter of Credit” means a
Letter of Credit issued under the Post-First Amendment and Restatement
Synthetic L/C Facility or pursuant to the Original Credit Agreement.

 

“Target” means Travelport Inc. (formerly
known as Cendant Travel Distribution Services Group, Inc.), a Delaware
corporation and an indirect wholly owned subsidiary of Cendant Corporation.

 

“TARGET Day” means any day on which the
Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET)
payment system (or, if such payment system ceases to be operative, such other
payment system (if any) determined by the Administrative Agent to be a suitable
replacement) is open for the settlement of payments in Euro.

 

“Taxes” has the meaning specified in Section
3.01(a).

 

“Term Borrowing” means a borrowing
consisting of simultaneous Term Loans of the same Type and currency and, in the
case of Eurocurrency Rate Loans, having the same Interest Period made by each
of the Term Lenders pursuant to Section 2.01.

 

“Term Commitments” means the Tranche B
Dollar Term Commitments and the Euro Term Commitments.

 

“Term Lender” means a Tranche B Dollar Term
Lender or a Euro Term Lender, as the context may require, and are referred to
collectively as the “Term Lenders”.

 

“Term Loan” means a Tranche B Dollar Term
Loan or a Euro Term Loan, as the context may require, and are referred to
collectively as the “Term Loans”.

 

“Term Note” means a Tranche B Dollar Term
Note or Euro Term Note, as the context may require, and are referred to
collectively as the “Term Notes”.

 

 “Test Period”
in effect at any time shall mean the most recent period of four consecutive
fiscal quarters of Holdings ended on or prior to such time (taken as one
accounting period) in respect of which financial statements for each quarter or
fiscal year in such period have been or are required to be delivered pursuant
to Section 6.01(a) or (b); provided
that, prior 

 

50

 

to
the first date that financial statements have been or are required to be
delivered pursuant to Section 6.01(a) or (b), the Test Period in effect shall
be the period of four consecutive fiscal quarters of the Target ended June 30,
2006. A Test Period may be designated by reference to the last day thereof
(i.e., the “March 31, 2007 Test Period” refers to the period of four
consecutive fiscal quarters of Holdings ended March 31, 2007), and a Test
Period shall be deemed to end on the last day thereof.

 

“Threshold Amount” means $25,000,000.

 

“Total Assets” means the total assets of the
Borrower, Holdings and Holdings’ Restricted Subsidiaries on a consolidated basis,
as shown on the most recent balance sheet of Holdings delivered pursuant to
Section 6.01(a) or (b) or, for the period prior to the time any such statements
are so delivered pursuant to Section 6.01(a) or (b), the Unaudited Financial
Statements.

 

“Total Leverage Ratio” means, with respect
to any Test Period, the ratio of (a) Consolidated Total Debt as of the last day
of such Test Period to (b) Consolidated EBITDA for such Test Period.

 

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

 

“Tranche B Dollar Term Commitment”
shall mean, as to any Tranche B Dollar Term Lender, its obligation to make
a Tranche B Dollar Term Loan to the Borrower pursuant to Section
2.01(a) in an amount set forth below or convert its Dollar Term Loans
pursuant to Section 1.09(b)(i) on the First Amendment and
Restatement Effective Date. Such obligation shall be expressed as an amount
representing the maximum principal amount of the Tranche B Dollar Term Loans to
be made or converted by such Lender hereunder, as the same may be reduced from
time to time pursuant to the provisions of this Agreement and all the
Tranche B Dollar Term Commitments shall be collectively referred to as “Tranche B Dollar Term Commitments.”  The initial amount of the Tranche B Dollar
Term Commitment of any Dollar Term Lender which has consented to the amendment
and restatement of the Original Credit Agreement to occur on the First
Amendment and Restatement Effective Date shall be equal to the principal amount
of Dollar Term Loans held by such Dollar Term Lender immediately prior to the
First Amendment and Restatement Effective Date (unless such Dollar Term Lender
has committed, pursuant to the Tranche B Lender Addendum, to provide a greater
Tranche B Dollar Term Commitment, in which case such Dollar Term Lender’s
Tranche B Dollar Term Commitment shall include any incremental amount set forth
in the Tranche B Lender Addendum) and the initial amount of each other Person
with a Tranche B Dollar Term Commitment shall be the amount set forth in such
Person’s Tranche B Lender Addendum. The initial aggregate amount of the Tranche
B Dollar Term Lender’s Tranche B Dollar Term Commitment shall be
$1,406,475,000.

 

“Tranche B Dollar Term Lender” shall mean a
Lender with a Tranche B Dollar Term Commitment or which is the holder of a
Tranche B Dollar Term Loan.

 

“Tranche B Dollar Term Loans” shall have the
meaning assigned to such term in Section 2.1(a).

 

51

 

“Tranche B  Dollar
Term Note” means a promissory note of the Borrower payable to any
Tranche B Dollar Term Lender or its registered assigns, in substantially the
form of Exhibit C-1 hereto, evidencing the aggregate Indebtedness of the
Borrower to such Tranche B Dollar Term Lender resulting from the Tranche B
Dollar Term Loans made by such Tranche B Dollar Term Lender.

 

“Tranche B Lender Addendum” means, with
respect to any Tranche B Dollar Term Lender or Post-First Amendment and
Restatement Synthetic L/C Lender, a Tranche B Lender Addendum in a form
approved by the Administrative Agent and the Borrower pursuant to which (x)
such Tranche B Dollar Term Lender has agreed to make Tranche B Dollar Term
Loans to the Borrower under this Agreement on the First Amendment and
Restatement Effective Date in a manner contemplated by Section 1.09(c)(i) in an
amount not to exceed such Lender’s Dollar Tranche B Term Commitment or (y) such
Post-First Amendment and Restatement Synthetic L/C Lender has agreed to fund
Post-First Amendment and Restatement Credit-Linked Deposits and acquire
participations in Synthetic L/C Letters of Credit of the Synthetic L/C Lenders
on the First Amendment and Restatement Effective Date in a manner contemplated
by Sections 1.09(c)(ii) and (iii) in an amount not to exceed such Lender’s
Post-First Amendment and Restatement Synthetic L/C Commitment.

 

“Transaction” means, collectively, (a) the
Equity Contributions, (b) the Acquisition, (c) the issuance of the High Yield
Notes, (d) the funding of the Dollar Term Loans and the Euro Term Loans on the
Closing Date, (e) the funding of the Credit-Linked Deposits and the issuance of
Letters of Credit thereunder on the Closing Date, (f) the consummation of any
other transactions in connection with the foregoing, and (g) the payment of the
fees and expenses incurred in connection with any of the foregoing.

 

“Transaction Expenses” means any fees or
expenses incurred or paid by Holdings, the Borrower or any Restricted
Subsidiary in connection with the Transaction, this Agreement and the other
Loan Documents and the transactions contemplated hereby and thereby.

 

“Type” means, with respect to a Loan
denominated in Dollars, its character as a Base Rate Loan or a Eurocurrency
Rate Loan.

 

“UBS AG, Stamford Branch” means UBS AG,
Stamford Branch, and its successors.

 

“Unaudited Financial Statements” has the
meaning specified in Section 6.16(b)(i).

 

“Uniform Commercial Code” means the Uniform
Commercial Code as the same may from time to time be in effect in the State of
New York or the Uniform Commercial Code (or similar code or statute) of another
jurisdiction, to the extent it may be required to apply to any item or items of
Collateral.

 

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

 

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

 

52

 

“Unrestricted Subsidiary” means (i) each
Subsidiary of Holdings listed on Schedule 1.01C and (ii) any Subsidiary
of Holdings designated by the board of directors of Holdings as an Unrestricted
Subsidiary pursuant to Section 6.14 subsequent to the Closing Date.

 

“Unused Post-First Amendment and Restatement Synthetic
L/C Commitments” means, at any time, the aggregate amount of the
Post-First Amendment and Restatement Synthetic L/C Commitments at such time,
less the Outstanding Amount of the Post-First Amendment and Restatement
Synthetic L/C Obligations at such time.

 

“U.S. Lender” has the meaning specified in
Section 10.15(b).

 

“Weighted Average Life to Maturity” means,
when applied to any Indebtedness at any date, the number of years obtained by
dividing:  (i) the sum of the products
obtained by multiplying (a) the amount of each then remaining installment,
sinking fund, serial maturity or other required payments of principal,
including payment at final maturity, in respect thereof, by (b) the number of
years (calculated to the nearest one-twelfth) that will elapse between such
date and the making of such payment by (ii) the then outstanding principal
amount of such Indebtedness.

 

“wholly owned” means, with respect to a
Subsidiary of a Person, a Subsidiary of such Person all of the outstanding
Equity Interests of which (other than (x) director’s qualifying shares and (y)
shares issued to foreign nationals to the extent required by applicable Law)
are owned by such Person and/or by one or more wholly owned Subsidiaries of
such Person.

 

Section 1.02                                Other Interpretive Provisions. With reference to this Agreement and each
other Loan Document, unless otherwise specified herein or in such other Loan
Document:

 

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

 

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

 

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

 

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

 

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

 

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

 

53

 

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

 

Section 1.03                                Accounting Terms.

 

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

 

(b)                                 Notwithstanding anything to the contrary
herein, for purposes of determining compliance with any test or covenant
contained in this Agreement with respect to any period during which any
Specified Transaction occurs, the Total Leverage Ratio shall be calculated with
respect to such period and such Specified Transaction on a Pro Forma Basis.

 

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

 

Section 1.05                                References to Agreements, Laws, Etc. Unless otherwise expressly provided herein,
(a) references to Organization Documents, agreements (including the Loan
Documents) and other contractual instruments shall be deemed to include all
subsequent amendments, restatements, extensions, supplements and other
modifications thereto, but only to the extent that such amendments,
restatements, extensions, supplements and other modifications are permitted by
any Loan Document; and (b) references to any Law shall include all statutory
and regulatory provisions consolidating, amending, replacing, supplementing or
interpreting such Law.

 

Section 1.06                                Times of Day. Unless otherwise specified, all references
herein to times of day shall be references to Eastern time (daylight or
standard, as applicable).

 

Section 1.07                                Timing of Payment of Performance. When the payment of any obligation or the
performance of any covenant, duty or obligation is stated to be due or
performance required on a day which is not a Business Day, the date of such
payment (other than as described in the definition of Interest Period) or
performance shall extend to the immediately succeeding Business Day.

 

Section 1.08                                Currency Equivalents Generally.

 

(a)                                  Any amount specified in this Agreement (other
than in Articles II, IX and X or as set forth in paragraph (b) of this Section)
or any of the other Loan Documents to be in Dollars shall also include the
equivalent of such amount in any currency other than Dollars, such equivalent
amount to be determined at the rate of exchange quoted by the Reuters World
Currency 

 

54

 

Page
for the applicable currency at 11:00 a.m. (London time) on such day (or, in the
event such rate does not appear on any Reuters World Currency Page, by
reference to such other publicly available service for displaying exchange
rates as may be agreed upon by the Administrative Agent and the Borrower, or,
in the absence of such agreement, such rate shall instead be the arithmetic
average of the spot rates of exchange of the Administrative Agent in the market
where its foreign currency exchange operations in respect of such currency are
then being conducted, at or about 10:00 a.m. (New York City time) on such date
for the purchase of Dollars for delivery two Business Days later); provided that the determination of any
Dollar Amount shall be made in accordance with Section 2.15. Notwithstanding
the foregoing, for purposes of determining compliance with Sections 7.01, 7.02
and 7.03 with respect to any amount of Indebtedness or Investment in a currency
other than Dollars, no Default shall be deemed to have occurred solely as a
result of changes in rates of exchange occurring after the time such
Indebtedness or Investment is incurred; provided
that, for the avoidance of doubt, the foregoing provisions of this Section 1.08
shall otherwise apply to such Sections, including with respect to determining
whether any Indebtedness or Investment may be incurred at any time under such
Sections.

 

(b)                                 For purposes of determining compliance under
Sections 7.02, 7.05, 7.06 and 7.11, any amount in a currency other than Dollars
will be converted to Dollars based on the average Exchange Rate for such
currency for the most recent twelve-month period immediately prior to the date
of determination determined in a manner consistent with that used in
calculating EBITDA for the applicable period; provided,
however, that the foregoing shall
not be deemed to apply to the determination of any amount of Indebtedness.

 

Section 1.09                                Effect
of this Agreement on the Original Credit Agreement and the Other Loan Documents.

 

(a)                                  Upon satisfaction of the conditions precedent
to the effectiveness of this Agreement set forth in Section 4.01, this
Agreement shall be binding on the Borrower, the Agents, the Lenders and the
other parties hereto and the provisions of the Original Credit Agreement shall
be replaced by the provisions of this Agreement; provided that (i) all Loans (other than Dollar Term Loans
(as defined in the Original Credit Agreement) which are not being converted
into Tranche B Dollar Term Loans), Letters of Credit or other Credit Extensions
(other than Synthetic L/C Credit Extensions (as defined in the Original Credit
Agreement) which are not being replaced by Post-First Amendment and Restatement
Synthetic L/C Credit Extensions) outstanding under the Original Credit
Agreement shall continue as Loans, Letters of Credit or other Credit
Extensions, as applicable, under this Agreement (and, in the case of
Eurocurrency Loans (including any Eurocurrency Loans that are Dollar Term Loans
(as defined in the Original Credit Agreement) that shall have been converted
into Eurocurrency Loans that are Tranche B Dollar Term Loans pursuant to the
provisions hereof), with the same Interest Periods as were applicable to such
Eurocurrency Loans immediately prior to the Restatement Effective Date), (ii)
all amounts owing by the Borrower under the Original Credit Agreement to any
Person in respect of accrued and unpaid interest and fees on the Loans (other
than Dollar Term Loans (as defined in the Original Credit Agreement), with
respect to which accrued and unpaid interest for any Dollar Term Loans that are
not being converted into Tranche B Dollar Term Loans shall be paid in
accordance with Section 1.09(d)(i)(y)), Commitments and Letters of Credit shall
continue to be due and owing on such Loans, Commitments and Letters of Credit
under this Agreement and (iii) any Person entitled to the benefits of Article
III or Section 10.05 of the Original Credit

 

55

 

Agreement
shall continue to be entitled to the benefits of the corresponding provisions
of this Agreement. Upon the effectiveness of this Agreement in accordance with
Section 4.01, each Loan Document that was in effect immediately prior to the
First Amendment and Restatement Effective Date shall continue to be effective
and, unless the context otherwise requires, any reference to the Original
Credit Agreement contained therein shall be deemed to refer to this Agreement
and any reference to the Dollar Term Loans shall be deemed to refer to the
Tranche B Dollar Term Loans.

 

(b)                                 (i)                                     Each Dollar Term Lender that executes and
delivers a signed Repricing Amendment Agreement will be deemed to have agreed
to have committed pursuant to, and subject to the terms and conditions of, this
agreement to convert its Dollar Term Loans into Tranche B Dollar Term Loans on
the First Amendment and Restatement Effective Date in a like principal amount.
By executing the Repricing Amendment Agreement, each Dollar Term Lender agrees
to all other provisions of this amendment and restatement and to the conversion
of its Dollar Term Loan to the Borrower into a Tranche B Dollar Term Loan to
the Borrower and the Borrower will be liable for such Tranche B Dollar Term
Loans. Each Dollar Term Lender, by so indicating on its executed signature page
to the Repricing Amendment Agreement, may also exchange all or a portion of the
Dollar Term Loans it holds immediately prior to the First Amendment and
Restatement Effective Date for Tranche B Dollar Term Loans and/or Post-First
Amendment Synthetic L/C Commitments to be held by any of its Affiliates or
Approved Funds.

 

(ii)                                  Each Synthetic L/C Lender that executes and
delivers a signed Repricing Amendment Agreement will be deemed to have agreed
to have committed pursuant to, and subject to the terms and conditions of, this
agreement to convert its Credit-Linked Deposits into Post-First Amendment and
Restatement Credit-Linked Deposits on the First Amendment and Restatement
Effective Date in a like principal amount. Each Synthetic L/C Lender, by so
indicating on its executed signature page to the Repricing Amendment Agreement,
may also exchange all or a portion of the amount held in its Credit-Linked Deposits
immediately prior to the First Amendment and Restatement Effective Date for
amounts to be held in Post-First Amendment and Restatement Credit-Linked
Deposits to be held by any of its Affiliates or Approved Funds.

 

(iii)                               Each Synthetic L/C Lender that executes and delivers a signed Repricing
Amendment Agreement will be deemed to have agreed to have committed pursuant
to, and subject to the terms and conditions of, this agreement to exchange its
participations in Synthetic L/C Letters of Credit held by Synthetic L/C Lenders
into Synthetic L/C Letters of Credit held by Post-First Amendment and
Restatement Synthetic L/C Lenders on the First Amendment and Restatement
Effective Date in a like principal amount. Each Synthetic L/C Lender, by so
indicating on its executed signature page to the Repricing Amendment Agreement,
may also exchange all or a portion of its participations in Synthetic L/C
Letters of Credit immediately prior to the First Amendment and Restatement
Effective Date for participations in Synthetic L/C Letters of Credit held by
Post-First Amendment and Restatement Synthetic L/C Lenders to be held by any of
its Affiliates or Approved Funds.

 

56

 

(c)                                  (i)                                     Any Person that has agreed, pursuant to a
Tranche B Lender Addendum, to provide a Tranche B Dollar Term Commitment in a
principal amount in excess of the principal amount of the Dollar Term Loans
that it holds and is converting into Tranche B Dollar Term Loans under Section
1.09(b)(i) will be required to fund in Dollars in immediately available funds
on the First Amendment and Restatement Effective Date such amount pursuant to
Section 2.01(a). By executing a Tranche B Lender Addendum, each Person
providing a Tranche B Dollar Term Commitment shall be deemed to have become a
Tranche B Dollar Term Lender (if not already so deemed) for all purposes
hereof.

 

(ii)                                  Any Person that has agreed, pursuant to a
Tranche B Lender Addendum, to provide a Post-First Amendment and Restatement
Credit-Linked Deposit in a principal amount in excess of the principal amount
of the Credit-Linked Deposits that it holds and is converting into Post-First
Amendment and Restatement Credit-Linked Deposits under Section 1.09(b)(ii) will
be required to fund in Dollars in immediately available funds on the First
Amendment and Restatement Effective Date such amount pursuant to Section
2.03(k). By executing a Tranche B Lender Addendum, each Person funding into
Post-First Amendment and Restatement Credit-Linked Deposits shall be deemed to
have become a Post-First Amendment and Restatement Synthetic L/C Lender (if not
already so deemed) for all purposes hereof.

 

(iii)                               Any Person that has agreed, pursuant to a Tranche B Lender Addendum, to
provide a participation in Synthetic L/C Letters of Credit held by Post-First
Amendment and Restatement Synthetic L/C Lenders in a principal amount in excess
of the principal amount of the participations in Synthetic L/C Letters of
Credit that it then holds and is exchanging for participations in Synthetic L/C
Letters of Credit held by Post-First Amendment and Restatement Synthetic L/C
Lenders under Section 1.09(b)(ii) will be deemed to have participated in such
Synthetic L/C Letters of Credit upon the funding of its Post-First Amendment
and Restatement Credit-Linked Deposit. By executing a Tranche B Lender
Addendum, each Person participating in a Synthetic L/C Letter of Credit held by
Post-First Amendment and Restatement Synthetic L/C Lenders shall be deemed to
have become a Post-First Amendment and Restatement Synthetic L/C Lender (if not
already so deemed) for all purposes hereof.

 

(d)                                 (i)                                     On the First Amendment and Restatement
Effective Date, the Borrower shall (x) use the proceeds of the Tranche B Dollar
Term Commitments provided under Section 1.09(c)(i) to optionally prepay any
Dollar Term Loans which are not converted into Tranche B Dollar Term Loans as
contemplated by Section 1.09(b)(i) and (y) with respect to the Dollar Term
Loans that are not being converted into Tranche B Dollar Term Loans, pay all accrued
interest thereon through the First Amendment and Restatement Effective Date.

 

(ii)                                  On the First Amendment and Restatement
Effective Date, the Agent shall (x) use the proceeds of monies funded into the
Post-First Amendment and Restatement Credit-Linked Deposits provided under
Section 1.09(c)(ii) to refund amounts in the Credit-Linked Deposits which are
not exchanged for Post-First Amendment and Restatement Credit-Linked Deposits
as contemplated by Section 1.09(b)(ii) and (y) with respect 

 

57

 

to
the Credit-Linked Deposits that are not being exchanged for Post-First
Amendment and Restatement Credit-Linked Deposits, pay all (A) accrued interest
on such Credit-Linked Deposits not so exchanged pursuant to Section 2.03(k)(i)
of the Original Credit Agreement and (B) all facility fees on such
Credit-Linked Deposits not so exchanged pursuant to Section 2.09(b) of the
Original Credit Agreement, in each case that are accrued and unpaid through the
First Amendment and Restatement Effective Date.

 

(iii)                               On the First Amendment and Restatement Effective Date, the Agent shall
use the new participations in the Synthetic L/C Letters of Credit held by
Post-First Amendment and Restatement Synthetic L/C Lenders provided under Section
1.09(c)(iii) to release amounts participated in the Synthetic L/C Letters of
Credit held by Synthetic L/C Lenders which are not exchanged for participations
in Synthetic L/C Letters of Credit held by Post-First Amendment and Restatement
Synthetic L/C Lenders as contemplated by Section 1.09(b)(iii).

 

(e)                                  Notwithstanding anything to the contrary
contained herein, the conversion of Dollar Term Loans into Tranche B Dollar
Term Loans pursuant to Section 1.09(b)(i), and the repayment of any Dollar Term
Loans shall not be deemed to be a prepayment or conversion of the Dollar Term
Loans for purposes of Section 2.02.

 

Section 1.10                                Second Amended and Restated Credit Agreement.

 

Upon
the satisfaction of the conditions set forth in Article IV of the Second
Amended and Restated Credit Agreement, this Agreement shall be of no further
effect, and this Agreement shall be supplanted in its entirety by the Second
Amended and Restated Credit Agreement.

 

ARTICLE
II

 

The
Commitments and Credit Extensions

 

Section 2.01                                The Loans.

 

(a)                                  The Tranche B Dollar Term
Borrowings. Subject to the
terms and conditions hereof, each (i) Dollar Term Lender that has executed the
Repricing Amendment Agreement and (ii) Tranche B Dollar Term Lender that has a
Tranche B Dollar Term Commitment in excess of its Dollar Term Loans or does not
hold any Dollar Term Loans that has executed a Tranche B Lender Addendum
severally agrees to make or convert, as applicable (in the manner specified in
Sections 1.09(b)(i) or 1.09(c)(i)), a loan in Dollars (individually, a “Tranche B Dollar Term Loan”; and
collectively, the “Tranche B Dollar Term
Loans”) to the Borrower on the First Amendment and Restatement
Effective Date, in an aggregate principal amount equal to such Lender’s Tranche
B Dollar Term Commitment. Tranche B Dollar Term Loans may be Base Rate Loans or
Eurocurrency Rate Loans, as further provided herein.

 

(b)                                 The Euro Term Borrowings. Subject to the terms and conditions set
forth herein, each Euro Term Lender severally agrees to make to the Borrower a
single loan denominated in Euros in a Dollar Amount equal to such Euro Term
Lender’s Euro Term Commitment on the Closing Date. Amounts borrowed under this
Section 2.01(b) and repaid or prepaid may 

 

58

 

not be reborrowed. Euro Term Loans must be
Eurocurrency Rate Loans, as further provided herein.

 

(c)                                  The Revolving Credit
Borrowings. Subject to the
terms and conditions set forth herein (i) each Dollar Revolving Credit Lender
severally agrees to make loans denominated in Dollars to the Borrower as
elected by the Borrower pursuant to Section 2.02 (each such loan, a “Dollar Revolving Credit Loan”) from time to
time, on any Business Day until the Maturity Date, in an aggregate Dollar
Amount not to exceed at any time outstanding the amount of such Lender’s Dollar
Revolving Credit Commitment; provided
that after giving effect to any Dollar Revolving Credit Borrowing, the
aggregate Outstanding Amount of the Dollar Revolving Credit Loans of any
Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all
Dollar Revolving L/C Obligations, plus such Lender’s Pro Rata Share of the
Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s
Dollar Revolving Credit Commitment; and (ii) each Alternative Currency
Revolving Credit Lender severally agrees to make loans denominated in an
Alternative Currency to the Borrower as elected by the Borrower pursuant to
Section 2.02 (each such loan, an “Alternative
Currency Revolving Credit Loan”) from time to time, on any Business
Day until the Maturity Date, in an aggregate Dollar Amount not to exceed at any
time outstanding the amount of such Lender’s Alternative Currency Revolving
Credit Commitment; provided that
after giving effect to any Alternative Currency Revolving Credit Borrowing, the
aggregate Outstanding Amount of the Alternative Currency Revolving Credit Loans
of any Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of
all Alternative Currency Revolving L/C Obligations shall not exceed such Lender’s
Alternative Currency Revolving Credit Commitment. Within the limits of each
Lender’s Revolving Credit Commitment, and subject to the other terms and
conditions hereof, the Borrower may borrow under this Section 2.01(c), prepay
under Section 2.05, and reborrow under this Section 2.01(c). Dollar Revolving
Credit Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further
provided herein, and Alternative Currency Revolving Credit Loans must be
Eurocurrency Rate Loans, as further provided herein.

 

(d)                                 The Post-First Amendment
and Restatement Credit-Linked Deposits. Subject to the terms and conditions set forth herein, each Post-First
Amendment and Restatement Synthetic L/C Lender severally agrees to remit to the
Administrative Agent on the First Amendment and Restatement Effective Date an
amount in Dollars equal to such Lender’s Post-First Amendment and Restatement
Synthetic L/C Commitment as its Credit-Linked Deposit and any additional
amounts pursuant to a Tranche B Lender Addendum. The Administrative Agent shall
deposit all such amounts received by it into the Post-First Amendment and
Restatement Credit-Linked Deposit Account promptly upon receipt thereof. Each
Post-First Amendment and Restatement Synthetic L/C Lender irrevocably and
unconditionally agrees that its Post-First Amendment and Restatement
Credit-Linked Deposit shall be available (i) to pay to the Post-First Amendment
and Restatement Synthetic L/C Issuer such Lender’s Pro Rata Share of any Unreimbursed
Amount in respect of any Synthetic L/C Letter of Credit that is not reimbursed
by the Borrower and (ii) to fund such Lender’s Post-First Amendment and
Restatement Synthetic L/C Loans, in each case, pursuant to Section 2.03(c).
Post-First Amendment and Restatement Synthetic L/C Loans may be prepaid without
reducing the Post-First Amendment and Restatement Synthetic L/C Commitments; provided, however, that Post-First
Amendment and Restatement Synthetic L/C Loans may not be reborrowed as such.

 

59

 

(e)                                  No Person (other than the Administrative
Agent) shall have the right to make any withdrawal from the Post-First
Amendment and Restatement Credit-Linked Deposit Account or to exercise any
other right or power with respect thereto. Each Post-First Amendment and
Restatement Synthetic L/C Lender agrees that its right, title and interest in
and to the Post-First Amendment and Restatement Credit-Linked Deposit Account
shall be limited to the right to require its Post-First Amendment and Restatement
Credit-Linked Deposit to be applied as provided in Section 2.03(c) and that it
will have no right to require the return of its Post-First Amendment and
Restatement Credit-Linked Deposit other than as expressly provided in Section
2.06. Each Post-First Amendment and Restatement Synthetic L/C Lender hereby
acknowledges that (i) its Post-First Amendment and Restatement Credit-Linked
Deposit constitutes payment for its participations in Synthetic L/C Letters of
Credit issued, deemed issued or to be issued hereunder, (ii) its Post-First
Amendment and Restatement Credit-Linked Deposit and any investments made
therewith shall secure its obligations to the Post-First Amendment and
Restatement Synthetic L/C Issuer hereunder (each Post-First Amendment and Restatement
Synthetic L/C Lender hereby grants to the Administrative Agent, for the benefit
of the Post-First Amendment and Restatement Synthetic L/C Issuer, a security
interest in its Post-First Amendment and Restatement Credit-Linked Deposit and
all of its rights in the Post-First Amendment and Restatement Credit-Linked
Deposit Account to secure its obligations under Section 2.01(d) and agrees that
the Administrative Agent, as holder of the Post-First Amendment and Restatement
Credit-Linked Deposits and any investments made therewith, will be acting as
collateral agent for the Post-First Amendment and Restatement Synthetic L/C
Issuer) and (iii) the Post-First Amendment and Restatement Synthetic L/C Issuer
will be issuing, amending, renewing and extending Synthetic L/C Letters of
Credit in reliance on the availability of such Lender’s Post-First Amendment
and Restatement Post-First Amendment and Restatement Credit-Linked Deposit to
discharge such Lender’s obligations in connection with any Unreimbursed Amount
in respect thereof in accordance with Section 2.03(c). The Post-First Amendment
and Restatement Synthetic L/C Issuer hereby appoints the Administrative Agent
as its collateral agent for the purpose of holding the Post-First Amendment and
Restatement Credit-Linked Deposits, any investments made therewith and the
Post-First Amendment and Restatement Credit-Linked Deposit Account. The
Administrative Agent hereby grants a security interest to the Post-First
Amendment and Restatement Synthetic L/C Issuer in all of its rights, title and
interest to the Post-First Amendment and Restatement Post-First Amendment and
Restatement Credit-Linked Deposit Account. The funding of the Post-First
Amendment and Restatement Credit-Linked Deposits and the agreements with
respect thereto set forth in this Agreement constitute arrangements among the
Administrative Agent, the Post-First Amendment and Restatement Synthetic L/C Issuer
and the Post-First Amendment and Restatement Synthetic L/C Lenders with respect
to the funding obligations of such Lenders under this Agreement, and the
Post-First Amendment and Restatement Credit-Linked Deposits do not constitute
assets of, or loans or extensions of credit to, any Loan Party. Without
limiting the generality of the foregoing, each party hereto acknowledges and
agrees that the Post-First Amendment and Restatement Credit-Linked Deposits are
and at all times will continue to be property of the Post-First Amendment and
Restatement Synthetic L/C Lenders, and that no amount on deposit at any time in
the Post-First Amendment and Restatement Credit-Linked Deposit Account shall be
the property of any Loan Party, constitute “Collateral” under the Loan
Documents or otherwise be available in any manner to satisfy any Obligations of
any Loan Party under the Loan Documents.

 

60

 

Section 2.02                                Borrowings, Conversions and Continuations of
Loans.

 

(a)                                  Each Term Borrowing, each Revolving Credit
Borrowing, each Post-First Amendment and Restatement Synthetic L/C Borrowing,
each conversion of Term Loans or Revolving Credit Loans from one Type to the
other, and each continuation of Eurocurrency Rate Loans shall be made upon the
Borrower’s irrevocable notice to the Administrative Agent, which may be given
by telephone. Each such notice must be received by the Administrative Agent not
later than 12:00 p.m. (New York, New York time or London, England time in the
case of any Borrowing denominated in an Alternative Currency) (i) three (3)
Business Days prior to the requested date of any Borrowing or continuation of
Eurocurrency Rate Loans denominated in Dollars or any conversion of Base Rate
Loans to Eurocurrency Rate Loans denominated in Dollars, (ii) four (4) Business
Days prior to the requested date of any Borrowing or continuation of
Eurocurrency Rate Loans denominated in an Alternative Currency, and (iii) one
(1) Business Day before the requested date of any Borrowing of Base Rate Loans.
Each telephonic notice by the Borrower pursuant to this Section 2.02(a) must be
confirmed promptly by delivery to the Administrative Agent of a written
Committed Loan Notice, appropriately completed and signed by a Responsible
Officer of the Borrower. Each Borrowing of, conversion to or continuation of
Eurocurrency Rate Loans shall be in a principal amount of (x) $2,500,000 or a
whole multiple of $500,000 in excess thereof in the case of Tranche B Dollar
Term Loans, (y) €2,500,000 or a whole multiple of €500,000 in excess thereof in
the case of Euro Term Loans or Alternative Currency Loans denominated in Euros
or (z) £2,500,000 or a whole multiple of £500,000 in excess thereof in the case
of Alternative Currency Loans denominated in Sterling. Except as provided in
Sections 2.03(c) and 2.04(c), each Borrowing of or conversion to Base Rate
Loans shall be in a principal amount of $500,000 or a whole multiple of
$100,000 in excess thereof. Each Committed Loan Notice (whether telephonic or
written) shall specify (i) whether the Borrower is requesting a Term Borrowing,
a Dollar Revolving Credit Borrowing, an Alternative Currency Revolving Credit Borrowing,
a Post-First Amendment and Restatement Synthetic L/C Borrowing, a conversion of
Tranche B Dollar Term Loans or Revolving Credit Loans from one Type to the
other, or a continuation of Eurocurrency Rate Loans, (ii) the requested date of
the Borrowing, conversion or continuation, as the case may be (which shall be a
Business Day), (iii) the principal amount of Loans to be borrowed, converted or
continued, (iv) the currency in which the Loans to be borrowed are to be denominated,
(v) the Type of Loans to be borrowed or to which existing Term Loans or
Revolving Credit Loans are to be converted, and (vi) if applicable, the
duration of the Interest Period with respect thereto. If with respect to Loans
denominated in Dollars the Borrower fails to specify a Type of Loan in a
Committed Loan Notice or fails to give a timely notice requesting a conversion
or continuation, then the applicable Term Loans or Revolving Credit Loans shall
be made as, or converted to, Base Rate Loans and any Post-First Amendment and
Restatement Synthetic L/C Loans shall be made as Eurocurrency Rate Loans with
an Interest Period corresponding to the Interest Period applicable to the
Post-First Amendment and Restatement Credit-Linked Deposits. Any such automatic
conversion to Base Rate Loans shall be effective as of the last day of the
Interest Period then in effect with respect to the applicable Eurocurrency Rate
Loans. If the Borrower requests a Borrowing of, conversion to, or continuation
of Eurocurrency Rate Loans (other than in the case of a Post-First Amendment
and Restatement Synthetic L/C Loan) in any such Committed Loan Notice, but
fails to specify an Interest Period (or fails to give a timely notice
requesting a continuation of Eurocurrency Rate Loans denominated in an Alternative
Currency), it will be deemed to have specified an Interest Period of one (1)
month. If no currency is specified, the requested Borrowing shall be in
Dollars.

 

61

 

(b)                                 Following receipt of a Committed Loan Notice,
the Administrative Agent shall promptly notify each Lender of the amount of its
Pro Rata Share of the applicable Class of Loans, and if no timely notice of a
conversion or continuation is provided by the Borrower, the Administrative
Agent shall notify each Lender of the details of any automatic conversion to
Base Rate Loans or continuation described in Section 2.02(a). In the case of
each Borrowing, each Appropriate Lender shall make the amount of its Loan
available to the Administrative Agent in Same Day Funds at the Administrative
Agent’s Office for the applicable currency not later than 1:00 p.m., in the
case of any Loan denominated in Dollars, and not later than 1:00 p.m. (London
time) in the case of any Loan in an Alternative Currency, in each case on the
Business Day specified in the applicable Committed Loan Notice. Upon satisfaction
of the applicable conditions set forth in Section 4.02 (and, if such Borrowing
is the First Amendment and Restatement Credit Extension, Section 4.01), the
Administrative Agent shall make all funds so received available to the Borrower
in like funds as received by the Administrative Agent either by (i) crediting
the account of the Borrower on the books of UBS AG, Stamford Branch with the
amount of such funds or (ii) wire transfer of such funds, in each case in
accordance with instructions provided to (and reasonably acceptable to) the
Administrative Agent by the Borrower; provided
that if, on the date the Committed Loan Notice with respect to such Borrowing
is given by the Borrower, there are Swing Line Loans or L/C Borrowings
outstanding, then the proceeds of such Borrowing shall be applied, first, to
the payment in full of any such L/C Borrowings, second, to the payment in full
of any such Swing Line Loans, and third, to the Borrower as provided above.

 

(c)                                  Except as otherwise provided herein, a
Eurocurrency Rate Loan may be continued or converted only on the last day of an
Interest Period for such Eurocurrency Rate Loan unless the Borrower pays the
amount due, if any, under Section 3.05 in connection therewith. During the
existence of an Event of Default, the Administrative Agent or the Required
Lenders may require that no Loans (other than in the case of a Post-First
Amendment and Restatement Synthetic L/C Loan) may be converted to or continued
as Eurocurrency Rate Loans.

 

(d)                                 The Administrative Agent shall promptly
notify the Borrower and the Lenders of the interest rate applicable to any
Interest Period for Eurocurrency Rate Loans upon determination of such interest
rate. The determination of the Eurocurrency Rate by the Administrative Agent
shall be conclusive in the absence of manifest error. At any time that Base
Rate Loans are outstanding, the Administrative Agent shall notify the Borrower
and the Lenders of any change in UBS AG, Stamford Branch prime rate used in
determining the Base Rate promptly following the public announcement of such
change.

 

(e)                                  After giving effect to all Term Borrowings,
all Revolving Credit Borrowings, all conversions of Term Loans or Revolving
Credit Loans from one Type to the other, and all continuations of Term Loans or
Revolving Credit Loans as the same Type, there shall not be more than fifteen
(15) Interest Periods in effect (excluding those in effect for the Post-First
Amendment and Restatement Credit-Linked Deposits and Post-First Amendment and
Restatement Synthetic L/C Borrowings).

 

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

 

62

 

(g)                                 Unless the Administrative Agent shall have
received notice from a Lender prior to the date of any Borrowing that such
Lender will not make available to the Administrative Agent such Lender’s
portion of such Borrowing, the Administrative Agent may, with the Borrower’s
consent, assume that such Lender has made such portion available to the
Administrative Agent on the date of such Borrowing in accordance with
paragraph (b) above, and the Administrative Agent may, in reliance upon
such assumption, make available to the Borrower on such date a corresponding
amount. If the Administrative Agent shall have so made funds available, then,
to the extent that such Lender shall not have made such portion available to
the Administrative Agent, each of such Lender and the Borrower severally agrees
to repay to the Administrative Agent forthwith on demand such corresponding
amount together with interest thereon, for each day from the date such amount
is made available to the Borrower until the date such amount is repaid to the
Administrative Agent at (i) in the case of the Borrower, the interest rate
applicable at the time to the Loans comprising such Borrowing and (ii) in
the case of such Lender, the greater of the Federal Funds Rate and a rate
determined by the Administrative Agent in accordance with banking industry
rules on interbank compensation. A certificate of the Administrative Agent
submitted to any Lender with respect to any amounts owing under this Section
2.02(g) shall be conclusive in the absence of manifest error. If such Lender’s
portion of such Borrowing is not made available to the Administrative Agent by
such Lender within three Business Days after such the date of such Borrowing,
the Administrative Agent shall also be entitled to recover such amount with
interest thereon accruing from the date on which the Administrative Agent made
the funds available to the Borrower at the rate per annum applicable to ABR
Loans under the relevant Facility (except in the case of any Euro Term Loans,
in which case such amount shall bear interest at the rate applicable to
Eurocurrency Rate Loans), on demand, from the Borrower. If such Lender shall
repay to the Administrative Agent such corresponding amount, such amount shall
constitute such Lender’s Loan as part of such Borrowing for purposes of this
Agreement, and the Borrower’s obligation to repay the Administrative Agent such
corresponding amount pursuant to this Section 2.02(g) shall cease.

 

Section 2.03                                Letters of Credit.

 

(a)                                  The Letter of Credit
Commitments.

 

(i)                                     On and after the Closing Date the Existing
Letters of Credit will constitute Letters of Credit under this Agreement and
for purposes hereof will be deemed to have been issued on the Closing Date.

 

(ii)                                  Subject to the terms and conditions set forth
herein, (A)(1) each Dollar Revolving L/C Issuer agrees, in reliance upon the
agreements of the other Dollar Revolving Credit Lenders set forth in this
Section 2.03, (x) from time to time on any Business Day during the period from
the Closing Date until the Letter of Credit Expiration Date applicable to
Dollar Revolving Letters of Credit issued under the Dollar Revolving Credit
Facility, to issue Dollar Revolving Letters of Credit for the account of the Borrower
(provided, that any Dollar
Revolving Letter of Credit may be for the benefit of any Subsidiary of the
Borrower) and to amend or renew Dollar Revolving Letters of Credit previously
issued by it, in accordance with Section 2.03(b), and (y) to honor drafts under
the Dollar Revolving Letters of Credit and (2) the Dollar Revolving Credit
Lenders severally agree to participate in Dollar Revolving Letters of Credit
issued pursuant to this Section 2.03, (B)(1) each Alternative Currency
Revolving L/C Issuer agrees, in reliance 

 

63

 

upon
the agreements of the other Alternative Currency Revolving Credit Lenders set
forth in this Section 2.03, (x) from time to time on any Business Day during
the period from the Closing Date until the Letter of Credit Expiration Date
applicable to Alternative Currency Revolving Letters of Credit issued under the
Alternative Currency Revolving Credit Facility, to issue Alternative Currency
Revolving Letters of Credit denominated in an Alternative Currency for the
account of the Borrower (provided,
that any Alternative Currency Revolving Letter of Credit may be for the benefit
of any Subsidiary of the Borrower) and to amend or renew Alternative Currency
Revolving Letters of Credit previously issued by it, in accordance with Section
2.03(b), and (y) to honor drafts under the Alternative Currency Revolving
Letters of Credit and (2) the Alternative Currency Revolving Credit Lenders
severally agree to participate in Alternative Currency Revolving Letters of
Credit issued pursuant to this Section 2.03 and (C)(1) each Post-First
Amendment and Restatement Synthetic L/C Issuer agrees, in reliance upon the
agreements of the other Post-First Amendment and Restatement Synthetic L/C
Lenders set forth in this Section 2.03, (x) from time to time on any Business Day
during the period from the Closing Date until the Letter of Credit Expiration
Date applicable to the Post-First Amendment and Restatement Synthetic L/C
Facility, to issue Synthetic L/C Letters of Credit for the account of the
Borrower (provided, that any
Synthetic L/C Letter of Credit may be for the benefit of any Subsidiary) and to
amend or renew Synthetic L/C Letters of Credit previously issued by it, in
accordance with Section 2.03(b), and (y) to honor drafts under the Synthetic
L/C Letters of Credit and (2) the Post-First Amendment and Restatement
Synthetic L/C Lenders severally agree to participate in Synthetic L/C Letters
of Credit issued pursuant to this Section 2.03; provided that no L/C Issuer shall be obligated to make any
L/C Credit Extension with respect to any Letter of Credit, and no Lender shall
be obligated to participate in any Letter of Credit if as of the date of such
L/C Credit Extension, (I)(x) the Dollar Revolving Credit Exposure of any Lender
would exceed such Lender’s Dollar Revolving Credit Commitment, (y) the
Alternative Currency Revolving Credit Exposure of any Lender would exceed such
Lender’s Alternative Currency Revolving Credit Commitment or (z) the
Outstanding Amount of the Dollar Revolving L/C Obligations would exceed the Dollar
Revolving Letter of Credit Sublimit or (II) in the case of the Synthetic L/C
Letters of Credit, the Post-First Amendment and Restatement Synthetic L/C
Exposure would exceed the sum of such Lender’s Post-First Amendment and
Restatement Credit-Linked Deposit and its Pro Rata Share of the outstanding
Post-First Amendment and Restatement Synthetic L/C Loans. Within the foregoing
limits, and subject to the terms and conditions hereof, the Borrower’s ability
to obtain Letters of Credit shall be fully revolving, and accordingly the
Borrower may, during the foregoing period, obtain Letters of Credit to replace
Letters of Credit that have expired or that have been drawn upon and reimbursed.
If the Borrower shall fail to specify whether any requested Letter of Credit is
to be a Revolving Letter of Credit or a Synthetic L/C Letter of Credit, then
the requested Letter of Credit shall be deemed to be a Synthetic L/C Letter of
Credit unless the issuance thereof would not be permitted by the foregoing
provisions of this paragraph, in which case it shall be deemed to be a
Revolving Letter of Credit. Notwithstanding any such specification or deemed
specification, the Borrower may request in writing that a Letter of Credit
issued under either Revolving Credit Facility or the Post-First Amendment and
Restatement Synthetic L/C Facility be deemed to be issued under any other
Facility (and such redesignation shall become effective on the date of receipt
by the Administrative Agent of such written request which shall be a Business
Day) so long as if at the time of the Administrative Agent’s receipt of such
request the issuance of such a Letter of Credit would be permitted under such
Facility by 

 

64

 

the
foregoing provisions of this paragraph. All Synthetic L/C Letters of Credit
will be denominated in Dollars.

 

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

 

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

 

(B)             subject
to Section 2.03(b)(iii), the expiry date of such requested Letter of Credit
(other than the Letters of Credit listed on Schedule 2.03(a)(iii)(B))
would occur more than twelve months after the date of issuance or last renewal,
unless the Required Lenders have approved such expiry date;

 

(C)             the
expiry date of such requested Letter of Credit would occur after applicable
Letter of Credit Expiration Date, unless all the Dollar Revolving Credit Lenders
or Post-First Amendment and Restatement Synthetic L/C Lenders, as applicable,
have approved such expiry date; or

 

(D)            the
issuance of such Letter of Credit would violate any Laws binding upon such L/C
Issuer.

 

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

 

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

 

(i)                                     Each Letter of Credit shall be issued or
amended, as the case may be, upon the request of the Borrower delivered to an
L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of
Credit Application, appropriately completed and signed by a Responsible Officer
of the Borrower. Such Letter of Credit Application must be received by the
relevant L/C Issuer and the Administrative Agent not later than 12:00 p.m. at
least two (2) Business Days prior to the proposed issuance date or date of
amendment, as the case may be; or, in each case, such later date and time as
the relevant L/C Issuer may agree in a particular instance in its sole 

 

65

 

discretion.
In the case of a request for an initial issuance of a Letter of Credit, such
Letter of Credit Application shall specify in form and detail reasonably
satisfactory to the relevant L/C Issuer: (a) the proposed issuance date of the
requested Letter of Credit (which shall be a Business Day); (b) the amount
thereof; (c) the expiry date thereof; (d) the name and address of the beneficiary
thereof; (e) the documents to be presented by such beneficiary in case of any
drawing thereunder; (f) the full text of any certificate to be presented by
such beneficiary in case of any drawing thereunder; (g) the currency in which
the request Letter of Credit will be denominated; and (h) such other matters as
the relevant L/C Issuer may reasonably request. In the case of a request for an
amendment of any outstanding Letter of Credit, such Letter of Credit
Application shall specify in form and detail reasonably satisfactory to the
relevant L/C Issuer (1) the Letter of Credit to be amended; (2) the proposed
date of amendment thereof (which shall be a Business Day); (3) the nature of
the proposed amendment; and (4) such other matters as the relevant L/C Issuer
may reasonably request.

 

(ii)                                  Promptly after receipt of any Letter of
Credit Application, the relevant L/C Issuer will confirm with the
Administrative Agent (by telephone or in writing) that the Administrative Agent
has received a copy of such Letter of Credit Application from the Borrower and,
if not, such L/C Issuer will provide the Administrative Agent with a copy
thereof. Upon receipt by the relevant L/C Issuer of confirmation from the
Administrative Agent that the requested issuance or amendment is permitted in
accordance with the terms hereof, then, subject to the terms and conditions
hereof, such L/C Issuer shall, on the requested date, issue a Letter of Credit
for the account of the Borrower or enter into the applicable amendment, as the
case may be. Immediately upon the issuance of (x) each Dollar Revolving Letter
of Credit, each Dollar Revolving Credit Lender shall be deemed to, and hereby
irrevocably and unconditionally agrees to, acquire from the relevant L/C Issuer
a risk participation in such Dollar Revolving Letter of Credit in an amount
equal to the product of such Dollar Revolving Credit Lender’s Pro Rata Share
times the amount of such Dollar Revolving Letter of Credit, (y) each
Alternative Currency Revolving Letter of Credit, each Alternative Currency
Revolving Credit Lender shall be deemed to, and hereby irrevocably and
unconditionally agrees to, acquire from the relevant L/C Issuer a risk
participation in such Alternative Currency Revolving Letter of Credit in an
amount equal to the product of such Alternative Currency Revolving Credit
Lender’s Pro Rata Share times the amount of such Alternative Currency Revolving
Letter of Credit and (z) each Synthetic L/C Letter of Credit, each Post-First
Amendment and Restatement Synthetic L/C Lender shall be deemed to, and hereby
irrevocably and unconditionally agrees to, acquire from the relevant L/C Issuer
a risk participation in such Synthetic L/C Letter of Credit in an amount equal
to the product of such Post-First Amendment and Restatement Synthetic L/C
Lender’s Pro Rata Share times the amount of such Synthetic L/C Letter of
Credit.

 

(iii)                               If the Borrower so requests in any applicable
Letter of Credit Application, the relevant L/C Issuer shall agree to issue a
Letter of Credit that has automatic renewal provisions (each, an “Auto-Renewal Letter of Credit”); provided that any such Auto-Renewal Letter
of Credit must permit the relevant L/C Issuer to prevent any such renewal at
least once in each twelve-month period (commencing with the date of issuance of
such Letter of Credit) by giving prior notice to the beneficiary thereof not
later than a day (the “Nonrenewal Notice Date”)
in each such twelve-month period to be agreed upon at the time such Letter of
Credit is issued. Unless otherwise directed by the relevant L/C Issuer, the
Borrower shall not be required to make a specific request to the relevant L/C
Issuer for any such renewal. Once an Auto-Renewal Letter 

 

66

 

of
Credit has been issued, the applicable Lenders shall be deemed to have
authorized (but may not require) the relevant L/C Issuer to permit the renewal
of such Letter of Credit at any time to an expiry date not later than the
applicable Letter of Credit Expiration Date; provided
that the relevant L/C Issuer shall not permit any such renewal if (A) the
relevant L/C Issuer has determined that it would have no obligation at such
time to issue such Letter of Credit in its renewed form under the terms hereof
(by reason of the provisions of Section 2.03(a)(iii) or otherwise), or (B) it
has received notice (which may be by telephone or in writing) on or before the
day that is five (5) Business Days before the Nonrenewal Notice Date from the
Administrative Agent, any Revolving Credit Lender or Post-First Amendment and
Restatement Synthetic L/C Lender, as applicable, or the Borrower that one or
more of the applicable conditions specified in Section 4.02 is not then
satisfied.

 

(iv)                              Promptly after its delivery of any Letter of
Credit or any amendment to a Letter of Credit to an advising bank with respect
thereto or to the beneficiary thereof, the relevant L/C Issuer will also
deliver to the Borrower and the Administrative Agent a true and complete copy
of such Letter of Credit or amendment.

 

(c)                                  Drawings and
Reimbursements; Funding of Participations.

 

(i)                                     Upon receipt from the beneficiary of any
Letter of Credit of any notice of a drawing under such Letter of Credit, the
relevant L/C Issuer shall notify promptly the Borrower and the Administrative
Agent thereof. Not later than 11:00 a.m. on the Business Day immediately
following the date of any payment by an L/C Issuer under a Letter of Credit
(each such date, an “Honor Date”),
the Borrower shall reimburse such L/C Issuer through the Administrative Agent
in an amount equal to the amount of such drawing. If the Borrower fails to so
reimburse such L/C Issuer by such time, the Administrative Agent shall promptly
notify each Appropriate Lender of the Honor Date, the amount of the
unreimbursed drawing (expressed in Dollars in the Dollar Amount thereof in the case
of an Alternative Currency) (the “Unreimbursed
Amount”), and the amount of such Appropriate Lender’s Pro Rata Share
thereof. In such event, (x) in the case of an Unreimbursed Amount under a
Dollar Revolving Letter of Credit, the Borrower shall be deemed to have
requested a Dollar Revolving Credit Borrowing of Base Rate Loans, (y) in the
case of an Unreimbursed Amount under an Alternative Currency Revolving Letter
of Credit, the Borrower shall be deemed to have requested an Alternative
Currency Revolving Credit Borrowing of Eurocurrency Rate Loans and (z) in the
case of an Unreimbursed Amount under a Synthetic L/C Letter of Credit, the
Borrower shall be deemed to have requested a Post-First Amendment and
Restatement Synthetic L/C Borrowing of Eurocurrency Rate Loans as described in
clause (viii) below, in each case to be disbursed on the Honor Date in an
amount equal to the Unreimbursed Amount, without regard to the minimum and
multiples specified in Section 2.02 for the principal amount of Eurocurrency
Rate Loans or Base Rate Loans, but subject to the amount of the unutilized
portion of the Revolving Credit Commitments of the Appropriate Lenders and
Revolving Credit Lenders or the unutilized portion of the Post-First Amendment
and Restatement Synthetic L/C Commitments of the Post-First Amendment and
Restatement Synthetic L/C Lenders, as applicable, and subject, in each case, to
the conditions set forth in Section 4.02 (other than the delivery of a Committed
Loan Notice). Any notice given by an L/C Issuer or the Administrative Agent
pursuant to this Section 2.03(c)(i) may be given by telephone if immediately
confirmed in writing; provided that the lack of such an immediate confirmation
shall not affect the conclusiveness or binding effect of such notice.

 

67

 

(ii)                                  Each Dollar Revolving Credit Lender
(including any such Lender acting as an L/C Issuer) shall upon any notice
pursuant to Section 2.03(c)(i) make funds available to the Administrative Agent
for the account of the relevant Revolving L/C Issuer at the Administrative
Agent’s Office for payments in an amount equal to its Pro Rata Share of any
Unreimbursed Amount in respect of a Dollar Revolving Letter of Credit not later
than 1:00 p.m. on the Business Day specified in such notice by the Administrative
Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each
Dollar Revolving Credit Lender that so makes funds available shall be deemed to
have made a Base Rate Loan to the Borrower in such amount. The Administrative
Agent shall remit the funds so received to the relevant Revolving L/C Issuer.
Each Alternative Currency Revolving Credit Lender (including any such Lender
acting as an L/C Issuer) shall upon any notice pursuant to Section 2.03(c)(i) make
funds available to the Administrative Agent for the account of the relevant
Revolving L/C Issuer at the Administrative Agent’s Office for payments in an
amount equal to its Pro Rata Share of any Unreimbursed Amount in respect of an
Alternative Currency Revolving Letter of Credit not later than 1:00 p.m. on the
Business Day specified in such notice by the Administrative Agent, whereupon,
subject to the provisions of Section 2.03(c)(iii), each Alternative Currency
Revolving Credit Lender that so makes funds available shall be deemed to have
made a Base Rate Loan to the Borrower in such amount. The Administrative Agent
shall remit the funds so received to the relevant Revolving L/C Issuer.

 

(iii)                               With respect to any Unreimbursed Amount in
respect of a Dollar Revolving Letter of Credit that is not fully refinanced by
a Dollar Revolving Credit Borrowing of Base Rate Loans because the conditions
set forth in Section 4.02 cannot be satisfied or for any other reason, the
Borrower shall be deemed to have incurred from the relevant Revolving L/C
Issuer a Dollar Revolving L/C Borrowing in the amount of the Unreimbursed
Amount that is not so refinanced, which Dollar Revolving L/C Borrowing shall be
due and payable on demand (together with interest) and shall bear interest at
the Default Rate. In such event, each Dollar Revolving Credit Lender’s payment
to the Administrative Agent for the account of the relevant Revolving L/C
Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of
its participation in such Dollar Revolving L/C Borrowing and shall constitute a
Dollar Revolving L/C Advance from such Lender in satisfaction of its
participation obligation under this Section 2.03. With respect to any
Unreimbursed Amount in respect of an Alternative Currency Revolving Letter of
Credit that is not fully refinanced by an Alternative Currency Revolving Credit
Borrowing of Base Rate Loans because the conditions set forth in Section 4.02
cannot be satisfied or for any other reason, the Borrower shall be deemed to have
incurred from the relevant Revolving L/C Issuer an Alternative Currency
Revolving L/C Borrowing in the amount of the Unreimbursed Amount that is not so
refinanced, which Alternative Currency Revolving L/C Borrowing shall be due and
payable on demand (together with interest) and shall bear interest at the
Default Rate. In such event, each Alternative Currency Revolving Credit Lender’s
payment to the Administrative Agent for the account of the relevant Revolving
L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect
of its participation in such Alternative Currency Revolving L/C Borrowing and
shall constitute an Alternative Currency Revolving L/C Advance from such Lender
in satisfaction of its participation obligation under this Section 2.03.

 

(iv)                              Until each Revolving Credit Lender funds its
Revolving Credit Loan or Revolving L/C Advance pursuant to this Section 2.03(c)
to reimburse the relevant Revolving L/C Issuer for any amount drawn under any
Revolving Letter of Credit, interest in respect of such 

 

68

 

Lender’s
Pro Rata Share of such amount shall be solely for the account of the relevant
Revolving L/C Issuer.

 

(v)                                 Each Revolving Credit Lender’s obligation to
make Revolving Credit Loans or Revolving L/C Advances to reimburse a Revolving
L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this
Section 2.03(c), shall be absolute and unconditional and shall not be affected
by any circumstance, including (A) any setoff, counterclaim, recoupment,
defense or other right which such Lender may have against the relevant
Revolving L/C Issuer, the Borrower or any other Person for any reason
whatsoever; (B) the occurrence or continuance of a Default; or (C) any other
occurrence, event or condition, whether or not similar to any of the foregoing;
provided that each Revolving
Credit Lender’s obligation to make Revolving Credit Loans pursuant to this Section
2.03(c) is subject to the conditions set forth in Section 4.02 (other than
delivery by the Borrower of a Committed Loan Notice). No such making of a
Revolving L/C Advance shall relieve or otherwise impair the obligation of the
Borrower to reimburse the relevant Revolving L/C Issuer for the amount of any
payment made by such Revolving L/C Issuer under any Revolving Letter of Credit,
together with interest as provided herein.

 

(vi)                              If any Revolving Credit Lender fails to make
available to the Administrative Agent for the account of the relevant Revolving
L/C Issuer any amount required to be paid by such Lender pursuant to the
foregoing provisions of this Section 2.03(c) by the time specified in Section
2.03(c)(ii), such Revolving L/C Issuer shall be entitled to recover from such
Lender (acting through the Administrative Agent), on demand, such amount with
interest thereon for the period from the date such payment is required to the
date on which such payment is immediately available to such Revolving L/C
Issuer at a rate per annum equal to the applicable Overnight Rate from time to
time in effect. A certificate of the relevant Revolving L/C Issuer submitted to
any Revolving Credit Lender (through the Administrative Agent) with respect to
any amounts owing under this Section 2.03(c)(vi) shall be conclusive absent
manifest error.

 

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

 

(viii)                        If the Post-First Amendment and Restatement
Synthetic L/C Issuer shall not have received from the Borrower the payment
required to be made by Section 2.03(c)(i) with respect to any Post-First
Amendment and Restatement Synthetic L/C Letter of Credit within the time
specified in such Section, the Post-First Amendment and Restatement Synthetic
L/C Issuer will promptly notify the Administrative Agent of the Unreimbursed
Amount and the Administrative Agent will promptly notify each Post-First
Amendment and Restatement Synthetic L/C Lender of such Unreimbursed Amount and
its Pro Rata Share thereof. Each Post-First Amendment and Restatement Synthetic
L/C Lender hereby authorizes the Administrative Agent to reimburse 

 

69

 

the
Post-First Amendment and Restatement Synthetic L/C Issuer solely from such
Lender’s Pro Rata Share of the Post-First Amendment and Restatement
Credit-Linked Deposits on deposit with the Administrative Agent in the
Post-First Amendment and Restatement Credit-Linked Deposit Account (it being
understood that such amount shall be deemed to constitute a Post-First Amendment
and Restatement Synthetic L/C Loan (which shall initially be a Eurocurrency
Rate Loan as set forth in clause (ix) below) of such Lender and such payment
shall have reduced the Post-First Amendment and Restatement Credit-Linked
Deposits in a like amount) (it being further understood that if the conditions
precedent to borrowing set forth in Section 4.02 have not been met, then such
amount shall not constitute a Post-First Amendment and Restatement Synthetic
L/C Loan and shall not relieve the Borrower of its obligation to reimburse such
Unreimbursed Amount), and the Administrative Agent will promptly pay to the
Post-First Amendment and Restatement Synthetic L/C Issuer such amounts.
Notwithstanding anything herein to the contrary, the funding obligation of each
Post-First Amendment and Restatement Synthetic L/C Lender in respect of its
participation in Synthetic L/C Letters of Credit shall be satisfied in full
upon the funding of its Post-First Amendment and Restatement Credit-Linked
Deposit. Any amounts received by the Administrative Agent thereafter pursuant
to Section 2.03(c) in respect of an Unreimbursed Amount under a Synthetic L/C
Letter of Credit will be promptly remitted by the Administrative Agent to the
Post-First Amendment and Restatement Credit-Linked Deposit Account (it being
understood that, thereafter, such amounts will be available to reimburse the
Post-First Amendment and Restatement Synthetic L/C Issuer in accordance with
the preceding sentence of this paragraph).

 

(ix)                                On each date on which the Administrative
Agent charges the Post-First Amendment and Restatement Credit-Linked Deposit
Account to reimburse an Unreimbursed Amount in respect of a Synthetic L/C
Letter of Credit as provided in Section 2.03(c)(viii), if such amount is deemed
to be a Post-First Amendment and Restatement Synthetic L/C Loan, the Borrower
shall have the right either to reimburse such amount or to allow such amount to
remain outstanding as a Post-First Amendment and Restatement Synthetic L/C Loan
with Interest Periods coincident with the applicable Interest Periods for the
Post-First Amendment and Restatement Credit-Linked Deposits and the
Eurocurrency Rate therefor shall be the same as the applicable Eurocurrency
Rate for the Post-First Amendment and Restatement Credit-Linked Deposits.

 

(x)                                   If any payment received by the Administrative
Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i) is
required to be returned under any of the circumstances described in Section
10.06 (including pursuant to any settlement entered into by such L/C Issuer in
its discretion), (1) in the case of a Revolving Letter of Credit, each
Revolving Lender shall pay to the Administrative Agent for the account of such
Revolving L/C Issuer its Pro Rata Share thereof on demand of the Administrative
Agent, plus interest thereon from the date of such demand to the date such
amount is returned by such Lender, at a rate per annum equal to the applicable
Overnight Rate from time to time in effect and (2) in the case of a Post-First
Amendment and Restatement Synthetic L/C Letter of Credit, each Post-First Amendment
and Restatement Synthetic L/C Lender hereby authorizes the Administrative Agent
to reimburse such Post-First Amendment and Restatement Synthetic L/C Issuer
solely from such Lender’s Pro Rata Share of the Post-First Amendment and Restatement
Credit-Linked Deposits on deposit with the Administrative Agent in the
Post-First Amendment and Restatement Credit-Linked Deposit Account, plus
interest thereon from the date of such demand to the date such amount is
returned by such Lender, at a rate per annum equal to the Eurocurrency Rate for
Term Loans.

 

70

 

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

 

(i)                                     any lack of validity or enforceability of
such Letter of Credit, this Agreement, or any other agreement or instrument
relating thereto;

 

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

 

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

 

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

 

(v)                                 any exchange, release or nonperfection of any
Collateral, or any release or amendment or waiver of or consent to departure
from the Guaranty or any other guarantee, for all or any of the Obligations any
Loan Party in respect of such Letter of Credit; or

 

(vi)                              any other circumstance or happening
whatsoever, whether or not similar to any of the foregoing, including any other
circumstance that might otherwise constitute a defense available to, or a
discharge of, any Loan Party;

 

provided that the foregoing shall not excuse any L/C Issuer from liability to
the Borrower to the extent of any direct damages (as opposed to consequential
damages, claims in respect of which are waived by the Borrower to the extent
permitted by applicable Law) suffered by the Borrower that are caused by such
L/C Issuer’s gross negligence or willful misconduct when determining whether
drafts and other documents presented under a Letter of Credit comply with the
terms thereof.

 

(e)                                  Role of L/C Issuers. Each Lender and the Borrower agree that, in
paying any drawing under a Letter of Credit, the relevant L/C Issuer shall not
have any responsibility to obtain any document (other than any sight draft,
certificates and documents expressly required by the Letter of Credit) or to
ascertain or inquire as to the validity or accuracy of any such document or the
authority of the Person executing or delivering any such document. None of the
L/C 

 

71

 

Issuers,
any Agent-Related Person nor any of the respective correspondents, participants
or assignees of any L/C Issuer shall be liable to any Lender for (i) any action
taken or omitted in connection herewith at the request or with the approval of
the Lenders or the Required Lenders, as applicable; (ii) any action taken or
omitted in the absence of gross negligence or willful misconduct; or (iii) the
due execution, effectiveness, validity or enforceability of any document or
instrument related to any Letter of Credit or Letter of Credit Application. The
Borrower hereby assumes all risks of the acts or omissions of any beneficiary
or transferee with respect to its use of any Letter of Credit; provided that this assumption is not
intended to, and shall not, preclude the Borrower’s pursuing such rights and
remedies as it may have against the beneficiary or transferee at law or under
any other agreement. None of the L/C Issuers, any Agent-Related Person, nor any
of the respective correspondents, participants or assignees of any L/C Issuer,
shall be liable or responsible for any of the matters described in clauses (i)
through (iii) of Section 2.03(e); provided
that anything in such clauses to the contrary notwithstanding, the Borrower may
have a claim against an L/C Issuer, and such L/C Issuer may be liable to the
Borrower, to the extent, but only to the extent, of any direct, as opposed to
consequential or exemplary, damages suffered by the Borrower which the Borrower
proves were caused by such L/C Issuer’s willful misconduct or gross negligence
or such L/C Issuer’s willful or grossly negligent failure to pay under any
Letter of Credit after the presentation to it by the beneficiary of a sight
draft and certificate(s) strictly complying with the terms and conditions of a
Letter of Credit. In furtherance and not in limitation of the foregoing, each
L/C Issuer may accept documents that appear on their face to be in order,
without responsibility for further investigation, regardless of any notice or
information to the contrary, and no L/C Issuer shall be responsible for the
validity or sufficiency of any instrument transferring or assigning or
purporting to transfer or assign a Letter of Credit or the rights or benefits
thereunder or proceeds thereof, in whole or in part, which may prove to be
invalid or ineffective for any reason.

 

(f)                                    Cash Collateral. (i) If any Event of Default occurs and is
continuing and the Administrative Agent or the Required Lenders, as applicable,
require the Borrower to Cash Collateralize the Revolving L/C Obligations
pursuant to Section 8.02(c) or (ii) an Event of Default set forth under Section
8.01(f) or (g) occurs and is continuing, then the Borrower shall Cash Collateralize
the then Outstanding Amount of all Revolving L/C Obligations (in an amount
equal to such Outstanding Amount determined as of the date of such Event of
Default), and shall do so not later than 2:00 p.m., New York City time, on (x)
in the case of the immediately preceding clause (i), (1) the Business Day that
the Borrower receives notice thereof, if such notice is received on such day
prior to 12:00 Noon, New York City time, or (2) if clause (1) above does not
apply, the Business Day immediately following the day that the Borrower
receives such notice and (y) in the case of the immediately preceding clause
(ii), the Business Day on which an Event of Default set forth under Section
8.01(f) or (g) occurs or, if such day is not a Business Day, the Business Day
immediately succeeding such day. For purposes hereof, “Cash Collateralize” means to pledge and
deposit with or deliver to the Administrative Agent, for the benefit of the
relevant Revolving L/C Issuer and the Revolving Credit Lenders, as collateral
for the Revolving L/C Obligations, cash or deposit account balances (“Cash Collateral”) pursuant to documentation
in form and substance reasonably satisfactory to the Administrative Agent and
the relevant Revolving L/C Issuer (which documents are hereby consented to by
the Revolving Credit Lenders). Derivatives of such term have corresponding
meanings. The Borrower hereby grants to the Administrative Agent, for the
benefit of the L/C Issuers and the Revolving Lenders, a security interest in
all such cash, deposit accounts and all balances therein and all proceeds of
the foregoing. 

 

72

 

Cash
Collateral shall be maintained in blocked accounts at UBS AG, Stamford Branch
and may be invested in readily available Cash Equivalents. If at any time the
Administrative Agent determines that any funds held as Cash Collateral are subject
to any right or claim of any Person other than the Administrative Agent (on
behalf of the Secured Parties) or that the total amount of such funds is less
than the aggregate Outstanding Amount of all Revolving L/C Obligations, the Borrower
will, forthwith upon demand by the Administrative Agent, pay to the
Administrative Agent, as additional funds to be deposited and held in the
deposit accounts at UBS AG, Stamford Branch as aforesaid, an amount equal to
the excess of (a) such aggregate Outstanding Amount over (b) the total amount
of funds, if any, then held as Cash Collateral that the Administrative Agent
reasonably determines to be free and clear of any such right and claim. Upon
the drawing of any Revolving Letter of Credit for which funds are on deposit as
Cash Collateral, such funds shall be applied, to the extent permitted under
applicable Law, to reimburse the relevant L/C Issuer. To the extent the amount
of any Cash Collateral exceeds the then Outstanding Amount of such Revolving
L/C Obligations and so long as no Event of Default has occurred and is
continuing, the excess shall be refunded to the Borrower. If such Event of
Default is cured or waived and no other Event of Default is then occurring and
continuing, the amount of any Cash Collateral shall be refunded to the
Borrower.

 

(g)                                 Letter of Credit Fees.

 

(i)                                     The Borrower shall pay to the Administrative
Agent for the account of each Dollar Revolving Credit Lender in accordance with
its Pro Rata Share a Letter of Credit fee for each Dollar Revolving Letter of
Credit issued pursuant to this Agreement equal to the Applicable Rate times the
daily maximum amount then available to be drawn under such Dollar Revolving
Letter of Credit (whether or not such maximum amount is then in effect under
such Dollar Revolving Letter of Credit if such maximum amount increases
periodically pursuant to the terms of such Dollar Revolving Letter of Credit).
Such letter of credit fees shall be computed on a quarterly basis in arrears.
Such letter of credit fees shall be due and payable in Dollars on the first
Business Day after the end of each March, June, September and December,
commencing with the first such date to occur after the issuance of such Dollar
Revolving Letter of Credit, on the Letter of Credit Expiration Date relating to
Dollar Revolving Letters of Credit and thereafter on demand. If there is any
change in the Applicable Rate during any quarter, the daily maximum amount of
each Dollar Revolving Letter of Credit shall be computed and multiplied by the
Applicable Rate separately for each period during such quarter that such
Applicable Rate was in effect.

 

(ii)                                  The Borrower shall pay to the Administrative
Agent for the account of each Alternative Currency Revolving Credit Lender in
accordance with its Pro Rata Share a Letter of Credit fee for each Alternative
Currency Revolving Letter of Credit issued pursuant to this Agreement equal to
the Applicable Rate times the daily maximum amount then available to be drawn
under such Alternative Currency Revolving Letter of Credit (whether or not such
maximum amount is then in effect under such Alternative Currency Revolving
Letter of Credit if such maximum amount increases periodically pursuant to the
terms of such Alternative Currency Revolving Letter of Credit). Such letter of
credit fees shall be computed on a quarterly basis in arrears. Such letter of
credit fees shall be due and payable in Dollars on the first Business Day after
the end of each March, June, September and December, commencing with the first
such date to occur after the issuance of such Alternative Currency Revolving
Letter of Credit, on the Letter

 

73

 

of
Credit Expiration Date relating to Alternative Currency Revolving Letters of
Credit and thereafter on demand. If there is any change in the Applicable Rate
during any quarter, the daily maximum amount of each Alternative Currency
Revolving Letter of Credit shall be computed and multiplied by the Applicable
Rate separately for each period during such quarter that such Applicable Rate
was in effect.

 

(h)                                 Fronting Fee and
Documentary and Processing Charges Payable to L/C Issuers. The Borrower shall pay directly to each L/C
Issuer for its own account a fronting fee with respect to each Revolving Letter
of Credit issued by it equal to 0.125% per annum of the daily maximum amount
then available to be drawn under such Revolving Letter of Credit (whether or not
such maximum amount is then in effect under such Revolving Letter of Credit if
such maximum amount increases periodically pursuant to the terms of such
Revolving Letter of Credit). Such fronting fees shall be computed on a
quarterly basis in arrears. Such fronting fees shall be due and payable on the
first Business Day after the end of each March, June, September and December,
commencing with the first such date to occur after the issuance of such
Revolving Letter of Credit, on the Letter of Credit Expiration Date and
thereafter on demand. In addition, the Borrower shall pay directly to each L/C
Issuer for its own account the customary issuance, presentation, amendment and
other processing fees, and other standard costs and charges, of such L/C Issuer
relating to letters of credit as from time to time in effect. Such customary
fees and standard costs and charges are due and payable within ten (10)
Business Days of demand and are nonrefundable.

 

(i)                                     Conflict with Letter of
Credit Application.
Notwithstanding anything else to the contrary in any Letter of Credit
Application, in the event of any conflict between the terms hereof and the
terms of any Letter of Credit Application, the terms hereof shall control.

 

(j)                                     Addition of a Revolving L/C
Issuer.

 

(i)                                     A Dollar Revolving Credit Lender may become
an additional Dollar Revolving L/C Issuer hereunder pursuant to a written
agreement among the Borrower, the Administrative Agent and such Dollar
Revolving Credit Lender. The Administrative Agent shall notify the Dollar Revolving
Credit Lenders of any such additional Dollar Revolving L/C Issuer.

 

(ii)                                  An Alternative Currency Revolving Credit
Lender may become an additional Alternative Currency Revolving L/C Issuer
hereunder pursuant to a written agreement among the Borrower, the
Administrative Agent and such Alternative Currency Revolving Credit Lender. The
Administrative Agent shall notify the Alternative Currency Revolving Credit
Lenders of any such additional Alternative Currency Revolving L/C Issuer.

 

(k)                                  Post-First Amendment and
Restatement Credit-Linked Deposit Account.

 

(i)                                     Each of the Administrative Agent, the
Post-First Amendment and Restatement Synthetic L/C Issuer and each Post-First
Amendment and Restatement Synthetic L/C Lender hereby acknowledges and agrees
that (x) each Post-First Amendment and Restatement Synthetic L/C Lender is
funding its Post-First Amendment and Restatement Credit-Linked Deposit to the Administrative
Agent for application in the manner contemplated by Section 2.03(c)(viii) and
(y) the Administrative Agent may invest the Post-First Amendment and
Restatement 

 

74

 

Credit-Linked
Deposits in such investments as may be determined from time to time by the
Administrative Agent. The Administrative Agent hereby agrees to pay to each
Post-First Amendment and Restatement Synthetic L/C Lender, on each Interest
Payment Date for the Post-First Amendment and Restatement Credit-Linked
Deposits, interest (computed on the basis of the actual number of days elapsed
over a year of 360 days) on the amount of such Post-First Amendment and
Restatement Synthetic L/C Lender’s Pro Rata Share of the aggregate amount of
the Post-First Amendment and Restatement Credit-Linked Deposits during such
Interest Period at a rate per annum equal to the Eurocurrency Rate for such
Interest Period less the Post-First Amendment and Restatement Credit-Linked
Deposit Cost Amount. With respect to any Interest Period during which a
Post-First Amendment and Restatement Synthetic L/C Loan is deemed made, the
Administrative Agent shall determine the amount of interest payable by the Borrower
on such Post-First Amendment and Restatement Synthetic L/C Loan for the portion
of such Interest Period during which such Post-First Amendment and Restatement
Synthetic L/C Loan is outstanding and the amount of interest payable by the
Administrative Agent on the Post-First Amendment and Restatement Credit-Linked
Deposits during such Interest Period pursuant to the applicable provisions of
this Agreement, and such determination shall be conclusive absent manifest
error.

 

(ii)                                  None of Holdings, the Borrower or any
Subsidiary shall have any right, title or interest in or to the Post-First
Amendment and Restatement Credit-Linked Deposit Account or the Post-First
Amendment and Restatement Credit-Linked Deposits or obligations with respect
thereto other than as expressly provided in this Agreement. Without limiting
the foregoing, the obligation to return the Post-First Amendment and
Restatement Credit-Linked Deposits to the Post-First Amendment and Restatement
Synthetic L/C Lenders is solely an obligation of the Administrative Agent, and
none of Holdings, the Borrower or any Subsidiary shall have any liability or
obligation in respect of the principal amount of the Post-First Amendment and
Restatement Credit-Linked Deposits.

 

(l)                                     Post-First Amendment and
Restatement Synthetic L/C Facility. Notwithstanding anything to the contrary, the Letters of Credit under
the Post-First Amendment and Restatement Synthetic L/C Facility shall only be
issued by the Post-First Amendment and Restatement Synthetic L/C Issuer.

 

Section 2.04                                Swing
Line Loans.

 

(a)                                  The Swing Line. Subject to the terms and conditions set
forth herein, the Swing Line Lender agrees to make loans in Dollars (each such
loan, a “Swing Line Loan”) to the
Borrower from time to time on any Business Day (other than the Closing Date)
until the Maturity Date in an aggregate amount not to exceed at any time
outstanding the amount of the Swing Line Sublimit, notwithstanding the fact
that such Swing Line Loans, when aggregated with the Pro Rata Share of the
Outstanding Amount of Dollar Revolving Credit Loans and Dollar Revolving L/C
Obligations of the Lender acting as Swing Line Lender, may exceed the amount of
such Lender’s Dollar Revolving Credit Commitment; provided that, after giving effect to any Swing Line Loan,
the aggregate Outstanding Amount of the Dollar Revolving Credit Loans of any
Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all
Dollar Revolving L/C Obligations, plus such Lender’s Pro Rata Share of the
Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s
Dollar Revolving Credit Commitment then in effect; 

 

75

 

provided  further that, the
Borrower shall not use the proceeds of any Swing Line Loan to refinance any
outstanding Swing Line Loan. Within the foregoing limits, and subject to the
other terms and conditions hereof, the Borrower may borrow under this Section
2.04, prepay under Section 2.05, and reborrow under this Section 2.04. Each
Swing Line Loan shall be a Base Rate Loan. Swing Line Loans shall only be
denominated in Dollars. Immediately upon the making of a Swing Line Loan, each
Dollar Revolving Credit Lender shall be deemed to, and hereby irrevocably and
unconditionally agrees to, purchase from the Swing Line Lender a risk
participation in such Swing Line Loan in an amount equal to the product of such
Lender’s Pro Rata Share times the amount of such Swing Line Loan.

 

(b)                                 Borrowing Procedures. Each Swing Line Borrowing shall be made
upon the Borrower’s irrevocable notice to the Swing Line Lender and the
Administrative Agent, which may be given by telephone. Each such notice must be
received by the Swing Line Lender and the Administrative Agent not later than
1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to
be borrowed, which shall be a minimum of $100,000 (and any amount in excess of
$100,000 shall be an integral multiple of $25,000), and (ii) the requested
borrowing date, which shall be a Business Day. Each such telephonic notice must
be confirmed promptly by delivery to the Swing Line Lender and the
Administrative Agent of a written Swing Line Loan Notice, appropriately
completed and signed by a Responsible Officer of the Borrower. Promptly after
receipt by the Swing Line Lender of any telephonic Swing Line Loan Notice, the
Swing Line Lender will confirm with the Administrative Agent (by telephone or
in writing) that the Administrative Agent has also received such Swing Line
Loan Notice and, if not, the Swing Line Lender will notify the Administrative
Agent (by telephone or in writing) of the contents thereof. Unless the Swing
Line Lender has received notice (by telephone or in writing) from the
Administrative Agent (including at the request of any Dollar Revolving Credit
Lender) prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (A)
directing the Swing Line Lender not to make such Swing Line Loan as a result of
the limitations set forth in the first proviso to the first sentence of Section
2.04(a), or (B) that one or more of the applicable conditions specified in
Section 4.02 is not then satisfied, then, subject to the terms and conditions
hereof, the Swing Line Lender will, not later than 3:00 p.m. on the borrowing
date specified in such Swing Line Loan Notice, make the amount of its Swing
Line Loan available to the Borrower.

 

(c)                                  Refinancing of Swing Line
Loans. (i) The Swing Line
Lender at any time in its sole and absolute discretion may request, on behalf
of the Borrower (which hereby irrevocably authorizes the Swing Line Lender to
so request on its behalf), that each Dollar Revolving Credit Lender make a Base
Rate Loan in an amount equal to such Lender’s Pro Rata Share of the amount of
Swing Line Loans then outstanding. Such request shall be made in writing (which
written request shall be deemed to be a Committed Loan Notice for purposes
hereof) and in accordance with the requirements of Section 2.02, without regard
to the minimum and multiples specified therein for the principal amount of Base
Rate Loans, but subject to the unutilized portion of the aggregate Dollar
Revolving Credit Commitments and the conditions set forth in Section 4.02. The
Swing Line Lender shall furnish the Borrower with a copy of the applicable
Committed Loan Notice promptly after delivering such notice to the
Administrative Agent. Each Dollar Revolving Credit Lender shall make an amount
equal to its Pro Rata Share of the amount specified in such Committed Loan
Notice available to the Administrative Agent in Same Day Funds for the account
of the Swing Line Lender at the Administrative Agent’s Office for Dollar
denominated payments not later than 1:00 p.m. on the day specified in such
Committed Loan 

 

76

 

Notice,
whereupon, subject to Section 2.04(c)(ii), each Dollar Revolving Credit Lender
that so makes funds available shall be deemed to have made a Base Rate Loan to
the Borrower in such amount. The Administrative Agent shall remit the funds so
received to the Swing Line Lender.

 

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

 

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

 

(iv)                              Each Dollar Revolving Credit Lender’s
obligation to make Dollar Revolving Credit Loans or to purchase and fund risk
participations in Swing Line Loans pursuant to this Section 2.04(c) shall be
absolute and unconditional and shall not be affected by any circumstance,
including (A) any setoff, counterclaim, recoupment, defense or other right
which such Lender may have against the Swing Line Lender, the Borrower or any
other Person for any reason whatsoever, (B) the occurrence or continuance of a
Default, or (C) any other occurrence, event or condition, whether or not
similar to any of the foregoing; provided
that each Dollar Revolving Credit Lender’s obligation to make Dollar Revolving
Credit Loans pursuant to this Section 2.04(c) is subject to the conditions set
forth in Section 4.02. No such funding of risk participations shall relieve or
otherwise impair the obligation of the Borrower to repay Swing Line Loans,
together with interest as provided herein.

 

(d)                                 Repayment of Participations.

 

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

 

(ii)                                  If any payment received by the Swing Line
Lender in respect of principal or interest on any Swing Line Loan is required
to be returned by the Swing Line Lender under any of the circumstances
described in Section 10.06 (including pursuant to any settlement entered 

 

77

 

into
by the Swing Line Lender in its discretion), each Dollar Revolving Credit
Lender shall pay to the Swing Line Lender its Pro Rata Share thereof on demand
of the Administrative Agent, plus interest thereon from the date of such demand
to the date such amount is returned, at a rate per annum equal to the
applicable Overnight Rate. The Administrative Agent will make such demand upon
the request of the Swing Line Lender.

 

(f)                                    Interest for Account of
Swing Line Lender. The Swing
Line Lender shall be responsible for invoicing the Borrower for interest on the
Swing Line Loans. Until each Dollar Revolving Credit Lender funds its Base Rate
Loan or risk participation pursuant to this Section 2.04 to refinance such
Lender’s Pro Rata Share of any Swing Line Loan, interest in respect of such Pro
Rata Share shall be solely for the account of the Swing Line Lender.

 

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

 

Section 2.05                                Prepayments.

 

(a)                                  Optional.

 

(b)                                 (i)                                     The Borrower may, upon notice to the
Administrative Agent, at any time or from time to time voluntarily prepay Term
Loans, Revolving Credit Loans and Post-First Amendment and Restatement
Synthetic L/C Loans in whole or in part without premium or penalty; provided that (1) such notice must be
received by the Administrative Agent not later than 12:00 p.m. (New York, New
York time or London, England time in the case of Loans denominated in an
Alternative Currency) (A) three (3) Business Days prior to any date of
prepayment of Eurocurrency Rate Loans denominated in Dollars, (B) four (4)
Business Days prior to any date of prepayment of Eurocurrency Rate Loans
denominated in an Alternative Currency and (C) on the date of prepayment of
Base Rate Loans; (2) any prepayment of Eurocurrency Rate Loans shall be in a
principal amount of (x) $2,500,000 or a whole multiple of $500,000 in excess
thereof in the case of Tranche B Dollar Term Loans, (y) €2,500,000 or a whole
multiple of €500,000 in excess thereof in the case of Euro Term Loans or
Alternative Currency Loans denominated in Euros or (z) £2,500,000 or a whole
multiple of £500,000 in excess thereof in the case of Alternative Currency
Loans denominated in Sterling; and (3) any prepayment of Base Rate Loans shall
be in a principal amount of $500,000 or a whole multiple of $100,000 in excess
thereof or, in each case, if less, the entire principal amount thereof then
outstanding (it being understood that Base Rate Loans shall be denominated in
Dollars only). Each such notice shall specify the date and amount of such
prepayment and the Class(es) and Type(s) of Loans to be prepaid. The
Administrative Agent will promptly notify each Appropriate Lender of its
receipt of each such notice, and of the amount of such Lender’s Pro Rata Share
of such prepayment. If such notice is given by a Borrower, the Borrower shall
make such prepayment and the payment amount specified in such notice shall be
due and payable on the date specified therein. Any prepayment of a Eurocurrency
Rate Loan shall be accompanied by all accrued interest thereon, together with
any additional amounts required pursuant to Section 3.05. Each prepayment of
principal of, and interest on, Alternative Currency Loans shall be made in the
relevant Alternative Currency (even if Borrower is required to convert currency
to do so). Each prepayment of the 

 

78

 

Loans
pursuant to this Section 2.05(a) shall be paid to the Appropriate Lenders in
accordance with their respective Pro Rata Shares.

 

(ii)                                  The Borrower may, upon notice to the Swing
Line Lender (with a copy to the Administrative Agent), at any time or from time
to time, voluntarily prepay Swing Line Loans in whole or in part without
premium or penalty; provided that
(1) such notice must be received by the Swing Line Lender and the
Administrative Agent not later than 1:00 p.m. on the date of the prepayment,
and (2) any such prepayment shall be in a minimum principal amount of $100,000
or a whole multiple of $100,000 in excess thereof or, if less, the entire
principal amount thereof then outstanding. Each such notice shall specify the
date and amount of such prepayment. If such notice is given by the Borrower,
the Borrower shall make such prepayment and the payment amount specified in
such notice shall be due and payable on the date specified therein. All Swing
Line Loans shall be denominated in Dollars only.

 

(iii)                               Notwithstanding anything to the contrary
contained in this Agreement, the Borrower may rescind any notice of prepayment
under Section 2.05(a)(i) or 2.05(a)(ii) if such prepayment would have resulted
from a refinancing of all of the Facilities, which refinancing shall not be
consummated or shall otherwise be delayed.

 

(iv)                              [reserved].

 

(v)                                 Voluntary prepayments of Post-First Amendment
and Restatement Synthetic L/C Loans made other than in connection with a
corresponding reduction of the Post-First Amendment and Restatement Synthetic
L/C Commitments shall be made to the Administrative Agent, which shall promptly
remit the same to the Post-First Amendment and Restatement Credit-Linked Deposit
Account.

 

(c)                                  Mandatory.

 

(d)                                 (i)                                     Within five (5) Business Days after financial
statements have been delivered pursuant to Section 6.01(a) and the related
Compliance Certificate has been delivered pursuant to Section 6.02(b), the
Borrower shall cause to be prepaid an aggregate Dollar Amount of Term Loans
equal to (A) 50% (such percentage as it may be reduced as described below, the “ECF Percentage”) of Excess Cash Flow, if
any, for the fiscal year covered by such financial statements (commencing with
the fiscal year ended December 31, 2007) minus (B) the sum of (i) all
voluntary prepayments of Term Loans during such fiscal year and (ii) all voluntary
prepayments of Revolving Credit Loans during such fiscal year to the extent the
Revolving Credit Commitments are permanently reduced by the amount of such
payments, in the case of each of the immediately preceding clauses (i) and
(ii), to the extent such prepayments are not funded with the proceeds of
Indebtedness; provided that (x)
the ECF Percentage shall be 25% if the Total Leverage Ratio for the fiscal year
covered by such financial statements was less than 4.25:1 and greater than or
equal to 3.25:1 and (y) the ECF Percentage shall be 0% if the Total Leverage
Ratio for the fiscal year covered by such financial statements was less than
3.25:1.

 

(ii)                                  (A)  If
(x) Holdings, the Borrower or any Restricted Subsidiary Disposes of any
property or assets (other than any Disposition of any property or assets
permitted by Section 7.05(a), (b), (c), (d) (to the extent constituting a
Disposition by any Restricted Subsidiary to 

 

79

 

a
Loan Party), (e), (g) or (h)) or (y) any Casualty Event occurs, which in the
aggregate results in the realization or receipt by Holdings, the Borrower or
such Restricted Subsidiary of Net Cash Proceeds, the Borrower shall cause to be
prepaid on or prior to the date which is ten (10) Business Days after the date
of the realization or receipt of such Net Cash Proceeds an aggregate Dollar
Amount of Term Loans equal to 100% of all Net Cash Proceeds realized or
received; provided that no such
prepayment shall be required pursuant to this Section 2.05(b)(ii)(A) with
respect to such portion of such Net Cash Proceeds that the Borrower shall have,
on or prior to such date, given written notice to the Administrative Agent of
its intent to reinvest in accordance with Section 2.05(b)(ii)(B) (which notice
may only be provided if no Event of Default has occurred and is then
continuing);

 

(B)                                With respect to any Net Cash Proceeds realized or received with respect
to any Disposition (other than any Disposition specifically excluded from the
application of Section 2.05(b)(ii)(A)) or any Casualty Event, at the option of
the Borrower, the Borrower may reinvest all or any portion of such Net Cash
Proceeds in assets useful for the business of Holdings and/or its Subsidiaries
within (x) fifteen (15) months following receipt of such Net Cash Proceeds or
(y) if the Borrower enters into a legally binding commitment to reinvest such
Net Cash Proceeds within fifteen (15) months following receipt thereof, within
one hundred and eighty (180) days of the date of such legally binding
commitment; provided that (i) so
long as an Event of Default shall have occurred and be continuing, the Borrower
(x) shall not be permitted to make any such reinvestments (other than pursuant
to a legally binding commitment that the Borrower entered into at a time when
no Event of Default is continuing) and (y) shall not be required to apply such
Net Cash Proceeds which have been previously applied to prepay Revolving Credit
Loans to the prepayment of Term Loans until such time as the relevant
investment period has expired and no Event of Default is continuing and (ii) if
any Net Cash Proceeds are no longer intended to be or cannot be so reinvested
at any time after delivery of a notice of reinvestment election, an amount
equal to any such Net Cash Proceeds shall be applied within five (5) Business
Days after the Borrower reasonably determines that such Net Cash Proceeds are
no longer intended to be or cannot be so reinvested to the prepayment of the
Term Loans as set forth in this Section 2.05.

 

(iii)                               If Holdings, the Borrower or any Restricted
Subsidiary incurs or issues any Indebtedness not expressly permitted to be
incurred or issued pursuant to Section 7.03, the Borrower shall cause to be
prepaid an aggregate Dollar Amount of Term Loans equal to 100% of all Net Cash
Proceeds received therefrom on or prior to the date which is five (5) Business
Days after the receipt of such Net Cash Proceeds.

 

(iv)                              If for any reason the aggregate Dollar
Revolving Credit Exposures at any time exceeds the aggregate Dollar Revolving
Credit Commitments then in effect, the Borrower shall promptly prepay or cause
to be promptly prepaid Dollar Revolving Credit Loans and Swing Line Loans
and/or Cash Collateralize the Dollar Revolving L/C Obligations in an aggregate
amount equal to such excess; provided
that the Borrower shall not be required to Cash Collateralize the Dollar
Revolving L/C Obligations pursuant to this Section 2.05(b)(iv) unless after the
prepayment in full of the Dollar Revolving Credit Loans and Swing Line Loans
such aggregate Outstanding Amount exceeds the aggregate Dollar Revolving Credit
Commitments then in effect. If for any reason the aggregate Alternative
Currency Revolving Credit Exposures at any 

 

80

 

time
exceeds the aggregate Alternative Currency Revolving Credit Commitments then in
effect, the Borrower shall promptly prepay or cause to be promptly prepaid
Alternative Currency Revolving Credit Loans and/or Cash Collateralize the
Alternative Currency Revolving L/C Obligations in an aggregate amount equal to
such excess; provided that the
Borrower shall not be required to Cash Collateralize the Alternative Currency
Revolving L/C Obligations pursuant to this Section 2.05(b)(iv) unless after the
prepayment in full of the Alternative Currency Revolving Credit Loans such
aggregate Outstanding Amount exceeds the aggregate Alternative Currency
Revolving Credit Commitments then in effect.

 

(v)                                 Each prepayment of Term Loans pursuant to
this Section 2.05(b) shall be applied in direct order of maturity to repayments
thereof required pursuant to Section 2.07(a); and each such prepayment shall be
paid to the Lenders in accordance with their respective Pro Rata Shares subject
to clause (vi) of this Section 2.05(b).

 

(vi)                              The Borrower shall notify the Administrative
Agent in writing of any mandatory prepayment of Term Loans required to be made
pursuant to clauses (i) through (iii) of this Section 2.05(b) at least three
(3) Business Days prior to the date of such prepayment. Each such notice shall
specify the date of such prepayment and provide a reasonably detailed
calculation of the amount of such prepayment. The Administrative Agent will
promptly notify each Appropriate Lender of the contents of the Borrower’s
prepayment notice and of such Appropriate Lender’s Pro Rata Share of the
prepayment. Each Appropriate Lender may reject all or a portion of its Pro Rata
Share of any mandatory prepayment of Term Loans required to be made pursuant to
clauses (i) through (iii) of this Section 2.05(b) by providing written notice
(each, a “Rejection Notice”) to
the Administrative Agent and the Borrower no later than 5:00 p.m. (New York
time) one Business Day after the date of such Lender’s receipt of notice from
the Administrative Agent regarding such prepayment; provided that any Rejection Notice may be rejected by the
Borrower by 5:00 p.m. (New York time) on the day of its receipt and shall
thereupon become ineffective. Each Rejection Notice from a given Lender shall
specify the principal amount of the mandatory repayment of Term Loans to be
rejected by such Lender. If a Lender fails to deliver a Rejection Notice to the
Administrative Agent within the time frame specified above or such Rejection
Notice fails to specify the principal amount of the Term Loans to be rejected,
any such failure will be deemed an acceptance of the total amount of such mandatory
repayment of Term Loans. In the event a Lender rejects all or any portion of
its Pro Rata Share of any mandatory prepayment of Term Loans required pursuant
to clauses (i) through (iii) of this Section 2.05(b), the rejected portion of
such Lender’s Pro Rata Share of such prepayment shall be retained by the
Borrower.

 

(vii)                           Notwithstanding any of the other provisions
of Section 2.05(b), so long as no Event of Default shall have occurred and be
continuing, if any prepayment of Eurocurrency Rate Loans is required to be made
under this Section 2.05(b), other than on the last day of the Interest Period
therefor, the Borrower may, in its sole discretion, deposit the amount of any
such prepayment otherwise required to be made thereunder into a Cash Collateral
Account until the last day of such Interest Period, at which time the
Administrative Agent shall be authorized (without any further action by or
notice to or from the Borrower or any other Loan Party) to apply such amount to
the prepayment of such Loans in accordance with this Section 2.05(b). Upon the
occurrence and during the continuance of any Event of Default, the Administrative
Agent shall also be authorized (without any further action by or notice to or
from the Borrower or any 

 

81

 

other
Loan Party) to apply such amount to the prepayment of the outstanding Loans in
accordance with this Section 2.05(b).

 

(e)                                  Interest, Funding Losses,
Etc. All prepayments under
this Section 2.05 shall be accompanied by all accrued interest thereon, together
with, in the case of any such prepayment of a Eurocurrency Rate Loan (other
than a Post-First Amendment and Restatement Synthetic L/C Loan to the extent
such prepayment is applied to increase the Post-First Amendment and Restatement
Credit-Linked Deposits) on a date other than the last day of an Interest Period
therefor, any amounts owing in respect of such Eurocurrency Rate Loan pursuant
to Section 3.05.

 

Section 2.06                                Termination
or Reduction of Commitments.

 

(a)                                  Optional. The Borrower may, upon written notice to
the Administrative Agent, terminate the unused Commitments of any Class, or
from time to time permanently reduce the unused Commitments of any Class; provided that (i) any such notice shall be
received by the Administrative Agent three (3) Business Days prior to the date
of termination or reduction, (ii) any such partial reduction shall be in an
aggregate amount of $500,000 or any whole multiple of $100,000 in excess
thereof and (iii) if, after giving effect to any reduction of the Commitments,
the Dollar Revolving Letter of Credit Sublimit or the Swing Line Sublimit
exceeds the amount of the Dollar Revolving Credit Facility, such sublimit shall
be automatically reduced by the amount of such excess. The amount of any such
Commitment reduction shall not be applied to the Dollar Revolving Letter of
Credit Sublimit or the Swing Line Sublimit unless otherwise specified by the
Borrower. Notwithstanding the foregoing, the Borrower may rescind or postpone
any notice of termination of the Commitments if such termination would have
resulted from a refinancing of all of the Facilities, which refinancing shall
not be consummated or otherwise shall be delayed.

 

(b)                                 Mandatory. The Tranche B Dollar Term Commitment of
each Tranche B Dollar Term Lender shall be automatically and permanently
reduced to $0 upon the making of such Tranche B Dollar Term Lender’s Tranche B
Dollar Term Loans pursuant to Section 2.01(a). The Euro Term Commitment of each
Euro Term Lender shall be automatically and permanently reduced to $0 upon the
making of such Euro Term Lender’s Euro Term Loans pursuant to Section 2.01(b).
The Revolving Credit Commitments and the Post-First Amendment and Restatement
Synthetic L/C Commitments shall terminate on the applicable Maturity Date for
each such Facility.

 

(c)                                  Application of Commitment
Reductions; Payment of Fees.
The Administrative Agent will promptly notify the Lenders of any termination or
reduction of unused portions of the Dollar Revolving Letter of Credit Sublimit,
or the Swing Line Sublimit or the unused Commitments of any Class under this
Section 2.06. Upon any reduction of unused Commitments of any Class, the
Commitment of each Lender of such Class shall be reduced by such Lender’s Pro
Rata Share of the amount by which such Commitments are reduced (other than the
termination of the Commitment of any Lender as provided in Section 3.07). and,
in the case of a termination or reduction of the Unused Post-First Amendment
and Restatement Synthetic L/C Commitments, the Administrative Agent shall return
to the Post-First Amendment and Restatement Synthetic L/C Lenders, from the
Post-First Amendment and Restatement Credit-Linked 

 

82

 

Deposit
Account in accordance with their respective Pro Rata Shares, an amount equal to
the amount by which the Post-First Amendment and Restatement Credit-Linked
Deposits exceed at such time (i) the aggregate amount of Post-First Amendment
and Restatement Synthetic L/C Commitments remaining (after giving effect to
such reduction) minus (ii) the aggregate amount of Post-First Amendment and
Restatement Synthetic L/C Loans outstanding at such time. All commitment fees
accrued until the effective date of any termination of the Dollar Revolving
Credit Commitments or Alternative Currency Revolving Credit Commitments, as
applicable, shall be paid on the effective date of such termination.

 

Section 2.07                                Repayment
of Loans.

 

(a)                                  Tranche B Dollar Term Loans. The Borrower shall repay to the
Administrative Agent for the ratable account of the Tranche B Dollar Term
Lenders (i) on the last Business Day of each March, June, September and
December, commencing with the last Business Day of December 2006, an aggregate
Dollar Amount equal to 0.25% of the aggregate Dollar Amount of all Tranche B
Dollar Term Loans that would have been outstanding on the Closing Date
(assuming for this Section 2.07 only that such Tranche B Dollar Term Loans were
issued on August 23, 2006 in an amount equal to the Dollar Term Loans issued
under the Original Credit Agreement and that all scheduled amortization
payments prior to the First Amendment and Restatement Effective Date had been
made) (which payments shall be reduced as a result of the application of
prepayments in accordance with the order of priority set forth in Section 2.05)
and (ii) on the Maturity Date for the Tranche B Dollar Term Loans, the
aggregate principal amount of all Tranche B Dollar Term Loans outstanding on
such date.

 

(b)                                 Euro Term Loans. The Euro Term Borrower shall repay to the
Administrative Agent for the ratable account of the Euro Term Lenders (i) on
the last Business Day of each March, June, September and December, commencing
with the last Business Day of December 2006, an aggregate amount in Euros equal
to 0.25% of the aggregate of all Euro Term Loans outstanding on the Closing
Date (which payments shall be reduced as a result of the application of
prepayments in accordance with the order of priority set forth in Section 2.05)
and (ii) on the Maturity Date for the Euro Term Loans, the aggregate principal
amount of all Euro Term Loans outstanding on such date.

 

(c)                                  Revolving Credit Loans. The Borrower shall repay to the
Administrative Agent for the ratable account of the Appropriate Lenders on the
Maturity Date for the Revolving Credit Facilities the aggregate principal
amount of all of its Revolving Credit Loans outstanding on such date.

 

(d)                                 Swing Line Loans. The Borrower shall repay its Swing Line
Loans on the earlier to occur of (i) the date five (5) Business Days after such
Loan is made and (ii) the Maturity Date for the Dollar Revolving Credit
Facility.

 

(e)                                  Post-First Amendment and
Restatement Synthetic L/C Loans.
The Borrower shall repay to the Administrative Agent for the ratable account of
the Post-First Amendment and Restatement Synthetic L/C Lenders on the Maturity
Date for the Post-First Amendment and Restatement Synthetic L/C Facility, the
aggregate principal amount of all Post-First Amendment and Restatement
Synthetic L/C Loans outstanding on such date.

 

83

 

(f)                                    For the avoidance of doubt, all Loans shall
be repaid, whether pursuant to this Section 2.07 or otherwise, in the currency
in which they were made.

 

Section 2.08                                Interest.

 

(a)                                  Subject to the provisions of Section 2.08(b),
(i) each Eurocurrency Rate Loan shall bear interest on the outstanding
principal amount thereof for each Interest Period at a rate per annum equal to
the Eurocurrency Rate for such Interest Period plus the Applicable Rate plus
(in the case of a Eurocurrency Rate Loan of any Lender which is lent from a
Lending Office in the United Kingdom or a Participating Member State) the
Mandatory Cost; (ii) each Base Rate Loan shall bear interest on the outstanding
principal amount thereof from the applicable borrowing date at a rate per annum
equal to the Base Rate plus the Applicable Rate and (iii) each Swing Line Loan
shall bear interest on the outstanding principal amount thereof from the
applicable borrowing date at a rate per annum equal to the Base Rate plus the
Applicable Rate for Dollar Revolving Credit Loans and (iv) each Post-First
Amendment and Restatement Synthetic L/C Loan shall bear interest on the
outstanding principal amount thereof for each Interest Period (or portion
thereof) (which Interest Period shall be coincident with the applicable
Interest Period for the Post-First Amendment and Restatement Credit-Linked
Deposits) at a rate per annum equal to the Eurocurrency Rate for the Post-First
Amendment and Restatement Credit-Linked Deposits plus the Applicable Rate for
Eurocurrency Rate Term Loans. For the avoidance of doubt (a) each Alternative
Currency Loan shall be a Eurocurrency Rate Loan and (b) as of the First
Amendment and Restatement Effective Date and subject to subsequent conversions
pursuant to Section 2.02, each Tranche B Dollar Term Loan that is a Eurocurrency
Rate Loan shall have an Interest Period that is (x) if such Tranche B Dollar
Term Loan has been converted from a Dollar Term Loan (as defined in the
Original Credit Agreement) pursuant to the provisions hereof, the Interest
Period in effect for such Dollar Term Loan immediately prior to the First
Amendment and Restatement Effective Date and (y) if such Tranche B Dollar Term
Loan is made pursuant to a commitment under a Tranche B Lender Addendum, the
Interest Period set forth in the Committed Loan Notice delivered with respect
thereto.

 

(b)                                 The Borrower shall pay interest on past due
amounts hereunder at a fluctuating interest rate per annum at all times equal
to the Default Rate to the fullest extent permitted by applicable Laws. Accrued
and unpaid interest on past due amounts (including interest on past due
interest) shall be due and payable upon demand.

 

(c)                                  Interest on each Loan shall be due and
payable in arrears on each Interest Payment Date applicable thereto and at such
other times as may be specified herein. Interest hereunder shall be due and
payable in accordance with the terms hereof before and after judgment, and
before and after the commencement of any proceeding under any Debtor Relief
Law. For the avoidance of doubt, interest on Dollar Term Loans that have been
converted to Tranche B Dollar Term Loans pursuant to the provisions hereof that
shall have accrued and shall have been unpaid prior to the occurrence of the
First Amendment and Restatement Effective Date shall be paid on the first
Interest Payment Date applicable to such Tranche B Dollar Term Loans following
the First Amendment and Restatement Effective Date.

 

(d)                                 Interest on each Loan shall be payable in the
currency in which each Loan was made.

 

84

 

Section 2.09                                Fees.
In addition to certain fees described
in Sections 2.03(g) and (h):

 

(a)                                  Commitment Fee. The Borrower shall pay to the
Administrative Agent for the account of each (i) Dollar Revolving Credit Lender
in accordance with its Pro Rata Share, a commitment fee equal to the Applicable
Rate with respect to commitment fees times the actual daily amount by which the
aggregate Dollar Revolving Credit Commitment exceeds the sum of (A) the
Outstanding Amount of Dollar Revolving Credit Loans and (B) the Outstanding
Amount of Dollar Revolving L/C Obligations; provided
that any commitment fee accrued with respect to any of the Dollar Revolving
Commitments of a Defaulting Lender during the period prior to the time such
Lender became a Defaulting Lender and unpaid at such time shall not be payable
by the Borrower so long as such Lender shall be a Defaulting Lender except to
the extent that such commitment fee shall otherwise have been due and payable
by the Borrower prior to such time; and provided
further that no commitment fee
shall accrue on any of the Dollar Revolving Credit Commitments of a Defaulting
Lender so long as such Lender shall be a Defaulting Lender and (ii) Alternative
Currency Revolving Credit Lender in accordance with its Pro Rata Share, a
commitment fee equal to the Applicable Rate with respect to commitment fees
times the actual daily amount by which the aggregate Alternative Currency
Revolving Credit Commitment exceeds the sum of (A) the Outstanding Amount of
Alternative Currency Revolving Credit Loans and (B) the Outstanding Amount of
Alternative Currency Revolving L/C Obligations; provided that any commitment fee accrued with respect to any
of the Alternative Currency Revolving Commitments of a Defaulting Lender during
the period prior to the time such Lender became a Defaulting Lender and unpaid
at such time shall not be payable by the Borrower so long as such Lender shall
be a Defaulting Lender except to the extent that such commitment fee shall
otherwise have been due and payable by the Borrower prior to such time; and provided  further
that no commitment fee shall accrue on any of the Alternative Currency
Revolving Credit Commitments of a Defaulting Lender so long as such Lender
shall be a Defaulting Lender. The commitment fees shall accrue at all times
from the Closing Date until the Maturity Date for the Revolving Credit
Facilities, including at any time during which one or more of the conditions in
Article 4 is not met, and shall be due and payable quarterly in arrears on the
last Business Day of each March, June, September and December, commencing with
the first such date to occur after the Closing Date, and on the Maturity Date
for the Revolving Credit Facilities. The commitment fee shall be calculated
quarterly in arrears, and if there is any change in the Applicable Rate during
any quarter, the actual daily amount shall be computed and multiplied by the
Applicable Rate separately for each period during such quarter that such
Applicable Rate was in effect.

 

(b)                                 Facility Fee. The Borrower shall pay to the
Administrative Agent for the account of each Post-First Amendment and
Restatement Synthetic L/C Lender in accordance with its Pro Rata Share of the
amounts on deposit in the Post-First Amendment and Restatement Credit-Linked
Deposit Account, a facility fee equal to the sum of (A) the Applicable Rate
with respect to Post-First Amendment and Restatement Synthetic L/C facility
fees times the amount of such Post-First Amendment and Restatement Synthetic
L/C Lender’s Post-First Amendment and Restatement Credit-Linked Deposit and (B)
the Post-First Amendment and Restatement Credit-Linked Deposit Cost Amount for
such period. The facility fee shall accrue at all times from the First
Amendment and Restatement Effective Date until the Maturity Date for the
Post-First Amendment and Restatement Synthetic L/C Facility, including at any
time during which one or more of the conditions in Article 4 is not met, and
shall be due and payable on each Interest 

 

85

 

Payment
Date with respect to Post-First Amendment and Restatement Credit-Linked
Deposits, and on any date on which any Post-First Amendment and Restatement
Credit-Linked Deposit is terminated and the funds therein returned to such
Lenders. For the avoidance of doubt, facility fees on Credit-Linked Deposits
(as defined in the Original Credit Agreement) that have been converted to
Post-First Amendment and Restatement Credit-Linked Deposits pursuant to the
provisions hereof that shall have accrued and shall have been unpaid prior to
the occurrence of the First Amendment and Restatement Effective Date shall be
paid on the first Interest Payment Date applicable to such Post-First Amendment
and Restatement Credit-Linked Deposits following the First Amendment and
Restatement Effective Date.

 

(c)                                  Other Fees. The Borrower shall pay to the Agents such
fees as shall have been separately agreed upon in writing in the amounts and at
the times so specified. Such fees shall be fully earned when paid and shall not
be refundable for any reason whatsoever (except as expressly agreed between the
Borrower and the applicable Agent).

 

Section 2.10                                Computation
of Interest and Fees. All
computations of interest for Base Rate Loans when the Base Rate is determined
by UBS AG, Stamford Branch’s “prime rate” and for Alternative Currency Loans
denominated in Sterling shall be made on the basis of a year of three hundred
and sixty-five (365) days and actual days elapsed. All other computations of
fees and interest shall be made on the basis of a three hundred and sixty (360)
day year and actual days elapsed. Interest shall accrue on each Loan for the
day on which the Loan is made, and shall not accrue on a Loan, or any portion
thereof, for the day on which the Loan or such portion is paid; provided that any Loan that is repaid on
the same day on which it is made shall, subject to Section 2.12(a), bear
interest for one (1) day. Each determination by the Administrative Agent of an
interest rate or fee hereunder shall be conclusive and binding for all
purposes, absent manifest error.

 

Section 2.11                                Evidence
of Indebtedness.

 

(a)                                  The Credit Extensions made by each Lender
shall be evidenced by one or more accounts or records maintained by such Lender
and evidenced by one or more entries in the Register maintained by the
Administrative Agent, acting solely for purposes of Treasury Regulation Section
5f.103-1(c), as agent for the Borrower, in each case in the ordinary course of
business. The accounts or records maintained by the Administrative Agent and
each Lender shall be prima facie evidence absent manifest error of the amount
of the Credit Extensions made by the Lenders to the Borrower and the interest
and payments thereon. Any failure to so record or any error in doing so shall
not, however, limit or otherwise affect the obligation of the Borrower
hereunder to pay any amount owing with respect to the Obligations. In the event
of any conflict between the accounts and records maintained by any Lender and
the accounts and records of the Administrative Agent in respect of such
matters, the accounts and records of the Administrative Agent shall control in
the absence of manifest error. Upon the request of any Lender made through the
Administrative Agent, the Borrower shall execute and deliver to such Lender
(through the Administrative Agent) a Note payable to such Lender, which shall
evidence such Lender’s Loans in addition to such accounts or records. Each
Lender may attach schedules to its Note and endorse thereon the date, Type (if
applicable), amount and maturity of its Loans and payments with respect
thereto.

 

86

 

(b)                                 In addition to the accounts and records
referred to in Section 2.11(a), each Lender and the Administrative Agent shall
maintain in accordance with its usual practice accounts or records and, in the
case of the Administrative Agent, entries in the Register, evidencing the
purchases and sales by such Lender of participations in Letters of Credit and
Swing Line Loans. In the event of any conflict between the accounts and records
maintained by the Administrative Agent and the accounts and records of any
Lender in respect of such matters, the accounts and records of the Administrative
Agent shall control in the absence of manifest error.

 

(c)                                  Entries made in good faith by the
Administrative Agent in the Register pursuant to Sections 2.11(a) and (b), and
by each Lender in its account or accounts pursuant to Sections 2.11(a) and (b),
shall be prima facie evidence of the amount of principal and interest due and
payable or to become due and payable from the Borrower to, in the case of the
Register, each Lender and, in the case of such account or accounts, such
Lender, under this Agreement and the other Loan Documents, absent manifest
error; provided that the failure
of the Administrative 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 the Borrower under this
Agreement and the other Loan Documents.

 

Section 2.12                                Payments
Generally.

 

(a)                                  All payments to be made by the Borrower shall
be made without condition or deduction for any counterclaim, defense,
recoupment or setoff. Except as otherwise expressly provided herein, all
payments by the Borrower hereunder with respect to principal and interest on
Loans denominated in an Alternative Currency shall be made to the
Administrative Agent, for the account of the respective Lenders to which such
payment is owed, at the applicable Administrative Agent’s Office in such Alternative
Currency and in Same Day Funds not later than 2:00 p.m. (London time) on the
dates specified herein. If, for any reason, the Borrower is prohibited by any
Law from making any required payment hereunder in an Alternative Currency, the
Borrower shall make such payment in Dollars in the Dollar Amount of the
Alternative Currency payment amount. The Administrative Agent will promptly distribute
to each Lender its Pro Rata Share (or other applicable share as provided
herein) of such payment in like funds as received by wire transfer to such
Lender’s Lending Office. All payments received by the Administrative Agent (i)
after 2:00 p.m., in the case of payments in Dollars, or (ii) after 2:00 p.m.
(London time) in the case of payments in an Alternative Currency, shall in each
case be deemed received on the next succeeding Business Day and any applicable
interest or fee shall continue to accrue.

 

(b)                                 If any payment to be made by the Borrower
shall come due on a day other than a Business Day, payment shall be made on the
next following Business Day, and such extension of time shall be reflected in
computing interest or fees, as the case may be; provided that, if such extension would cause payment of
interest on or principal of Eurocurrency Rate Loans to be made in the next
succeeding calendar month, such payment shall be made on the immediately
preceding Business Day.

 

(c)                                  Unless the Borrower or any Lender has
notified the Administrative Agent, prior to the date any payment is required to
be made by it to the Administrative Agent hereunder, that the Borrower or such
Lender, as the case may be, will not make such payment, the Administrative
Agent may assume that the Borrower or such Lender, as the case may be, has
timely made 

 

87

 

such
payment and may (but shall not be so required to), in reliance thereon, make
available a corresponding amount to the Person entitled thereto. If and to the
extent that such payment was not in fact made to the Administrative Agent in
Same Day Funds, then:

 

(i)                                     if the Borrower failed to make such payment,
each Lender shall forthwith on demand repay to the Administrative Agent the
portion of such assumed payment that was made available to such Lender in Same
Day Funds, together with interest thereon in respect of each day from and
including the date such amount was made available by the Administrative Agent
to such Lender to the date such amount is repaid to the Administrative Agent in
Same Day Funds at the applicable Overnight Rate from time to time in effect;
and

 

(ii)                                  if any Lender failed to make such payment,
such Lender shall forthwith on demand pay to the Administrative Agent the
amount thereof in Same Day Funds, together with interest thereon for the period
from the date such amount was made available by the Administrative Agent to the
Borrower to the date such amount is recovered by the Administrative Agent (the “Compensation Period”) at a rate per annum
equal to the applicable Overnight Rate from time to time in effect. When such
Lender makes payment to the Administrative Agent (together with all accrued
interest thereon), then such payment amount (excluding the amount of any
interest which may have accrued and been paid in respect of such late payment)
shall constitute such Lender’s Loan included in the applicable Borrowing. If
such Lender does not pay such amount forthwith upon the Administrative Agent’s
demand therefor, the Administrative Agent may make a demand therefor upon the
Borrower, and the Borrower shall pay such amount to the Administrative Agent,
together with interest thereon for the Compensation Period at a rate per annum
equal to the rate of interest applicable to the applicable Borrowing. Nothing
herein shall be deemed to relieve any Lender from its obligation to fulfill its
Commitment or to prejudice any rights which the Administrative Agent or the
Borrower may have against any Lender as a result of any default by such Lender
hereunder.

 

A
notice of the Administrative Agent to any Lender or the Borrower with respect
to any amount owing under this Section 2.12(c) shall be conclusive, absent
manifest error.

 

(d)                                 If any Lender makes available to the
Administrative Agent funds for any Loan to be made by such Lender as provided
in the foregoing provisions of this Article 2, and such funds are not made
available to the Borrower by the Administrative Agent because the conditions to
the applicable Credit Extension set forth in Article 4 are not satisfied or
waived in accordance with the terms hereof, the Administrative Agent shall
return such funds (in like funds as received from such Lender) to such Lender,
without interest.

 

(e)                                  The obligations of the Lenders hereunder to
make Loans, to fund the Post-First Amendment and Restatement Credit-Linked
Deposits and to fund participations in Letters of Credit and Swing Line Loans
are several and not joint. The failure of any Lender to make any Loan, to fund
a Post-First Amendment and Restatement Credit-Linked Deposit or to fund any
such participation on any date required hereunder shall not relieve any other
Lender of its corresponding obligation to do so on such date, and no Lender
shall be responsible for the failure of any other Lender to so make its Loan,
to fund its Post-First Amendment and Restatement Credit-Linked Deposit or
purchase its participation.

 

88

 

(f)                                    Nothing herein shall be deemed to obligate
any Lender to obtain the funds for any Loan or Post-First Amendment and
Restatement Credit-Linked Deposit in any particular place or manner or to
constitute a representation by any Lender that it has obtained or will obtain
the funds for any Loan or Post-First Amendment and Restatement Credit-Linked
Deposit in any particular place or manner.

 

(g)                                 Whenever any payment received by the
Administrative Agent under this Agreement or any of the other Loan Documents is
insufficient to pay in full all amounts due and payable to the Administrative
Agent and the Lenders under or in respect of this Agreement and the other Loan
Documents on any date, such payment shall be distributed by the Administrative
Agent and applied by the Administrative Agent and the Lenders in the order of
priority set forth in Section 8.04. If the Administrative Agent receives funds
for application to the Obligations of the Loan Parties under or in respect of
the Loan Documents under circumstances for which the Loan Documents do not
specify the manner in which such funds are to be applied, the Administrative
Agent may, but shall not be obligated to, elect to distribute such funds to
each of the Lenders in accordance with such Lender’s Pro Rata Share of the sum
of (a) the Outstanding Amount of all Loans outstanding at such time and (b) the
Outstanding Amount of all L/C Obligations outstanding at such time, in
repayment or prepayment of such of the outstanding Loans or other Obligations
then owing to such Lender.

 

Section 2.13                                Sharing
of Payments. If, other than as expressly
provided elsewhere herein, any Lender shall obtain on account of the Loans made
by it, or the participations in L/C Obligations and Swing Line Loans held by
it, any payment (whether voluntary, involuntary, through the exercise of any
right of setoff, or otherwise) in excess of its ratable share (or other share
contemplated hereunder) thereof, such Lender shall immediately (a) notify the
Administrative Agent of such fact, and (b) purchase from the other Lenders such
participations in the Loans made by them and/or such subparticipations in the
participations in L/C Obligations or Swing Line Loans held by them, as the case
may be, as shall be necessary to cause such purchasing Lender to share the
excess payment in respect of such Loans or such participations, as the case may
be, pro rata with each of them; provided
that if all or any portion of such excess payment is thereafter recovered from
the purchasing Lender under any of the circumstances described in Section 10.06
(including pursuant to any settlement entered into by the purchasing Lender in
its discretion), such purchase shall to that extent be rescinded and each other
Lender shall repay to the purchasing Lender the purchase price paid therefor, together
with an amount equal to such paying Lender’s ratable share (according to the
proportion of (i) the amount of such paying Lender’s required repayment to (ii)
the total amount so recovered from the purchasing Lender) of any interest or
other amount paid or payable by the purchasing Lender in respect of the total
amount so recovered, without further interest thereon. The Borrower agrees that
any Lender so purchasing a participation from another Lender may, to the
fullest extent permitted by applicable Law, exercise all its rights of payment
(including the right of setoff, but subject to Section 10.09) with respect to
such participation as fully as if such Lender were the direct creditor of the
Borrower in the amount of such participation. The Administrative Agent will
keep records (which shall be conclusive and binding in the absence of manifest
error) of participations purchased under this Section 2.13 and will in each
case notify the Lenders following any such purchases or repayments. Each Lender
that purchases a participation pursuant to this Section 2.13 shall from and
after such purchase have the right to give all notices, requests, demands,
directions and other communications under this Agreement with respect to the
portion of the Obligations 

 

89

 

purchased
to the same extent as though the purchasing Lender were the original owner of
the Obligations purchased.

 

Section 2.14                                Incremental
Credit Extensions.

 

(a)                                  The Borrower may at any time or from time to
time after the Closing Date, by notice to the Administrative Agent (whereupon
the Administrative Agent shall promptly deliver a copy to each of the Lenders),
request (a) one or more additional tranches of term loans (the “Incremental Term Loans”) or (b) one or more
increases in the amount of the Revolving Credit Commitments (each such increase,
a “Revolving Commitment Increase”),
provided that (i) both at the
time of any such request and upon the effectiveness of any Incremental
Amendment referred to below, no Default or Event of Default shall exist and at
the time that any such Incremental Term Loan is made (and after giving effect
thereto) no Default or Event of Default shall exist and (ii) the Borrower shall
be in compliance with the covenant set forth in Section 7.11 for the Test
Period in effect at the applicable Incremental Facility Closing Date (it being
understood that if the applicable Incremental Facility Closing Date is to occur
prior to the date the March 31, 2007 Test Period has become effective, the
level set forth in Section 7.11 for the March 31, 2007 Test Period shall be
deemed to apply) determined on a Pro Forma Basis. Each tranche of Incremental
Term Loans and each Revolving Commitment Increase shall be in an aggregate
principal amount that is not less than $25,000,000 (provided that such amount may be less than $25,000,000 if
such amount represents all remaining availability under the limit set forth in
the next sentence). Notwithstanding anything to the contrary herein, the
aggregate amount of the Incremental Term Loans and the Revolving Commitment Increases
shall not exceed the sum of $500,000,000. The Incremental Term Loans (a) shall
rank pari passu in right of payment and of security with the Revolving Credit
Loans and the Term Loans, (b) shall not mature earlier than the Maturity Date with
respect to the Term Loans and (c) except as set forth above, shall be treated
substantially the same as the Term Loans (in each case, including with respect
to mandatory and voluntary prepayments), provided
that (i) the terms and conditions applicable to Incremental Term Loans may be
materially different from those of the Term Loans to the extent such
differences are reasonably acceptable to the Arrangers and (ii) the interest
rates and amortization schedule applicable to the Incremental Term Loans shall
be determined by the Borrower and the lenders thereof. Each notice from the
Borrower pursuant to this Section shall set forth the requested amount and
proposed terms of the relevant Incremental Term Loans or Revolving Commitment
Increases. Incremental Term Loans may be made, and Revolving Commitment
Increases may be provided, by any existing Lender (and each existing Term
Lender will have the right, but not an obligation, to make a portion of any
Incremental Term Loan, and each existing Revolving Credit Lender will have the
right, but not an obligation, to provide a portion of any Revolving Commitment
Increase, in each case on terms permitted in this Section 2.14 and otherwise on
terms reasonably acceptable to the Administrative Agent) or by any other bank
or other financial institution (any such other bank or other financial
institution being called an “Additional
Lender”), provided
that the Administrative Agent shall have consented (not to be unreasonably
withheld) to such Lender’s or Additional Lender’s making such Incremental Term
Loans or providing such Revolving Commitment Increases if such consent would be
required under Section 10.07(b) for an assignment of Loans or Revolving Credit
Commitments, as applicable, to such Lender or Additional Lender. Commitments in
respect of Incremental Term Loans and Revolving Commitment Increases shall
become Commitments (or in the case of a Revolving Commitment Increase to be
provided by an existing Revolving Credit Lender, an increase 

 

90

 

in
such Lender’s applicable Revolving Credit Commitment) under this Agreement
pursuant to an amendment (an “Incremental
Amendment”) to this Agreement and, as appropriate, the other Loan
Documents, executed by Holdings, the Borrower, each Lender agreeing to provide
such Commitment, if any, each Additional Lender, if any, and the Administrative
Agent. The Incremental Amendment may, without the consent of any other Lenders,
effect such amendments to this Agreement and the other Loan Documents as may be
necessary or appropriate, in the reasonable opinion of the Administrative Agent
and the Borrower, to effect the provisions of this Section. The effectiveness
of (and, in the case of any Incremental Amendment for an Incremental Term Loan,
the borrowing under) any Incremental Amendment shall be subject to the
satisfaction on the date thereof (each, an “Incremental
Facility Closing Date”) of each of the conditions set forth in
Section 4.02 (it being understood that all references to “the date of such
Credit Extension” or similar language in such Section 4.02 shall be deemed to
refer to the effective date of such Incremental Amendment) and such other
conditions as the parties thereto shall agree. The Borrower will use the
proceeds of the Incremental Term Loans and Revolving Commitment Increases for
any purpose not prohibited by this Agreement. No Lender shall be obligated to
provide any Incremental Term Loans or Revolving Commitment Increases, unless it
so agrees. Upon each increase in the Revolving Credit Commitments pursuant to
this Section, each Revolving Credit Lender immediately prior to such increase
will automatically and without further act be deemed to have assigned to each
Lender providing a portion of the Revolving Commitment Increase (each a “Revolving Commitment Increase Lender”) in
respect of such increase, and each such Revolving Commitment Increase Lender
will automatically and without further act be deemed to have assumed, a portion
of such Revolving Credit Lender’s participations hereunder in outstanding
Revolving Letters of Credit and Swing Line Loans such that, after giving effect
to each such deemed assignment and assumption of participations, the percentage
of the aggregate outstanding (i) participations hereunder in Revolving Letters
of Credit and (ii) participations hereunder in Swing Line Loans held by each
Revolving Credit Lender (including each such Revolving Commitment Increase
Lender) will equal the percentage of the aggregate Revolving Credit Commitments
of all Revolving Credit Lenders represented by such Revolving Credit Lender’s
Revolving Credit Commitment. If, on the date of such increase, there are any
Revolving Credit Loans outstanding, such Revolving Credit Loans shall on or
prior to the effectiveness of such Revolving Commitment Increase be prepaid
from the proceeds of additional Revolving Credit Loans made hereunder
(reflecting such increase in Revolving Credit Commitments), which prepayment
shall be accompanied by accrued interest on the Revolving Credit Loans being
prepaid and any costs incurred by any Lender in accordance with Section 3.05.
The Administrative Agent and the Lenders hereby agree that the minimum
borrowing, pro rata borrowing and pro rata payment requirements contained
elsewhere in this Agreement shall not apply to the transactions effected
pursuant to the immediately preceding sentence.

 

(b)                                 This Section 2.14 shall supersede any
provisions in Section 2.13 or 10.01 to the contrary.

 

Section 2.15                                Currency
Equivalents.

 

(a)                                  The Administrative Agent shall determine the
Dollar Amount of each Alternative Currency Loan and L/C Obligation in respect
of Letters of Credit denominated in an Alternative Currency (i) in the case of
any Term Loan, as of the Closing Date, and (ii) otherwise, (A) as of the first
day of each Interest Period applicable thereto and (B) as of the end of each
fiscal 

 

91

 

quarter
of the Borrower, and shall promptly notify the Borrower and the Lenders of each
Dollar Amount so determined by it. Each such determination shall be based on
the Exchange Rate (x) on the date of the related Borrowing Request for purposes
of the initial such determination for any Alternative Currency Loan and (y) on
the fourth Business Day prior to the date as of which such Dollar Amount is to
be determined, for purposes of any subsequent determination.

 

(b)                                 If after giving effect to any such
determination of a Dollar Amount, the aggregate Outstanding Amount of the
Alternative Currency Revolving Credit Loans and the Alternative Currency
Revolving L/C Obligations exceeds the aggregate Alternative Currency Revolving
Credit Commitments then in effect by 5% or more, the Borrower shall, within
five (5) Business Days of receipt of notice thereof from the Administrative
Agent setting forth such calculation in reasonable detail, prepay or cause to
be prepaid outstanding Alternative Currency Revolving Credit Loans or take
other action (including, in the Borrower’s discretion, cash collateralization
of Alternative Currency Revolving L/C Obligations in amounts from time to time
equal to such excess) to the extent necessary to eliminate any such excess.

 

ARTICLE III

 

Taxes, Increased Costs Protection and Illegality

 

Section 3.01                                Taxes.

 

(a)                                  Except as provided in this Section 3.01, any
and all payments by the Borrower (the term Borrower under Article 3 being
deemed to include any Subsidiary for whose account a Letter of Credit is
issued) or any Guarantor to or for the account of any Agent or any Lender under
any Loan Document shall be made free and clear of and without deduction for any
and all present or future taxes, duties, levies, imposts, deductions,
assessments, fees, withholdings or similar charges, and all liabilities
(including additions to tax, penalties and interest) with respect thereto,
excluding, in the case of each Agent and each Lender, taxes imposed on or
measured by its net income (including branch profits), and franchise (and
similar) taxes imposed on it in lieu of net income taxes, by the jurisdiction
(or any political subdivision thereof) under the Laws of which such Agent or
such Lender, as the case may be, is organized or maintains a Lending Office,
and all liabilities (including additions to tax, penalties and interest) with
respect thereto (all such non-excluded taxes, duties, levies, imposts,
deductions, assessments, fees, withholdings or similar charges, and liabilities
being hereinafter referred to as “Taxes”).
If the Borrower shall be required by any Laws to deduct any Taxes or Other
Taxes from or in respect of any sum payable under any Loan Document to any
Agent or any Lender, (i) the sum payable shall be increased as necessary so
that after making all required deductions (including deductions applicable to
additional sums payable under this Section 3.01), each of such Agent and such
Lender receives an amount equal to the sum it would have received had no such
deductions been made, (ii) the Borrower shall make such deductions, (iii) the
Borrower shall pay the full amount deducted to the relevant taxation authority or
other authority in accordance with applicable Laws, and (iv) within thirty (30)
days after the date of such payment (or, if receipts or evidence are not
available within thirty (30) days, as soon as possible thereafter), the
Borrower shall furnish to such Agent or Lender (as the case may be) the
original or a certified copy of a receipt evidencing payment thereof to the
extent such a receipt is issued therefor, or other written proof of payment
thereof that is reasonably satisfactory to the Administrative Agent. If the
Borrower fails to pay 

 

92

 

any
Taxes or Other Taxes when due to the appropriate taxing authority or fails to
remit to any Agent or any Lender the required receipts or other required
documentary evidence, the Borrower shall indemnify such Agent and such Lender
for any incremental taxes, interest or penalties that may become payable by
such Agent or such Lender arising out of such failure.

 

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

 

(c)                                  The Borrower agrees to indemnify each Agent
and each Lender for (i) the full amount of Taxes and Other Taxes (including any
Taxes or Other Taxes imposed or asserted by any jurisdiction on amounts payable
and paid under this Section 3.01) payable by such Agent and such Lender and
(ii) any liability (including additions to tax, penalties, interest and
expenses) arising therefrom or with respect thereto, in each case whether or
not such Taxes or Other Taxes were correctly or legally imposed or asserted by
the relevant Governmental Authority; provided
such Agent or Lender, as the case may be, provides the Borrower with a written
statement thereof setting forth in reasonable detail the basis and calculation
of such amounts. Payment under this Section 3.01(c) shall be made within ten
(10) days after the date such Lender or such Agent makes a demand therefor.

 

(d)                                 The Borrower shall not be required pursuant
to this Section 3.01 to pay any additional amount to, or to indemnify, any
Lender or Agent, as the case may be, to the extent that such Lender or such
Agent becomes subject to Taxes subsequent to the Closing Date (or, if later,
the date such Lender or Agent becomes a party to this Agreement) as a result of
a change in the place of organization of such Lender or Agent or a change in
the Lending Office of such Lender, except to the extent that any such change is
requested or required in writing by the Borrower (and provided that nothing in this clause (d)
shall be construed as relieving the Borrower from any obligation to make such
payments or indemnification in the event of a change in Lending Office or place
of organization that precedes a change in Law to the extent such Taxes result
from a change in Law).

 

(e)                                  Notwithstanding anything else herein to the
contrary, if a Foreign Lender or an Agent is subject to U.S. federal
withholding tax at a rate in excess of zero percent at the time such Lender or
such Agent, as the case may be, first becomes a party to this Agreement, U.S.
federal withholding tax imposed by such jurisdiction at such rate shall be
considered excluded from Taxes unless and until such Lender or Agent, as the
case may be, provides the appropriate forms certifying that a lesser rate
applies, whereupon U.S. federal withholding tax at such lesser rate only shall
be considered excluded from Taxes for periods governed by such forms; provided that, if at the date of the
Assignment and Acceptance pursuant to which a Foreign Lender becomes a party to
this Agreement, the Lender assignor was entitled to payments under clause (a)
of this Section 3.01 in respect of U.S. federal withholding tax with respect to
interest paid at such date, then, to such extent, the term Taxes shall include
(in addition to U.S. federal withholding taxes that may be imposed in the
future or other amounts otherwise includable in Taxes) U.S. federal withholding
tax, if any, applicable with respect to the Lender assignee on such date. A
Lender that is entitled to an exemption from or reduction of Bermuda

 

93

 

withholding
tax shall deliver to the Borrower (with a copy to the Administrative Agent), at
the time or times prescribed by applicable law and as reasonably requested by
the Borrower, such properly completed and executed documentation prescribed by
applicable law as will permit such payments to be made without withholding or
at a reduced rate; provided that
such Lender is legally entitled to complete, execute and deliver such
documentation and in such Lender’s reasonable judgment such completion,
execution or submission would not materially prejudice the legal position of
such Lender or be otherwise materially disadvantageous to such Lender; provided, further, that the Borrower,
shall reimburse such Lender for any material out-of-pocket costs that are
incurred by the Lender with respect to providing any such documentation.

 

(f)                                    If any Lender or Agent determines, in its
sole discretion, that it has received a refund in respect of any Taxes or Other
Taxes as to which indemnification or additional amounts have been paid to it by
the Borrower pursuant to this Section 3.01, it shall promptly remit such refund
(but only to the extent of indemnity payments made, or additional amounts paid,
by the Borrower under this Section 3.01 with respect to the Taxes or Other
Taxes giving rise to such refund plus any interest included in such refund by
the relevant taxing authority attributable thereto) to the Borrower, net of all
out-of-pocket expenses of the Lender or Agent, as the case may be and without
interest (other than any interest paid by the relevant taxing authority with
respect to such refund); provided
that the Borrower, upon the request of the Lender or Agent, as the case may be,
agrees promptly to return such refund to such party in the event such party is
required to repay such refund to the relevant taxing authority. Such Lender or
Agent, as the case may be, shall, at the Borrower’s request, provide the
Borrower with a copy of any notice of assessment or other evidence of the
requirement to repay such refund received from the relevant taxing authority (provided that such Lender or Agent may
delete any information therein that such Lender or Agent deems confidential).
Nothing herein contained shall interfere with the right of a Lender or Agent to
arrange its tax affairs in whatever manner it thinks fit nor oblige any Lender
or Agent to claim any tax refund or to make available its tax returns or
disclose any information relating to its tax affairs or any computations in
respect thereof or require any Lender or Agent to do anything that would
prejudice its ability to benefit from any other refunds, credits, reliefs,
remissions or repayments to which it may be entitled.

 

(g)                                 Each Lender agrees that, upon the occurrence
of any event giving rise to the operation of Section 3.01(a) or (c) with
respect to such Lender it will, if requested by the Borrower, use commercially
reasonable efforts (subject to such Lender’s overall internal policies of
general application and legal and regulatory restrictions) to designate another
Lending Office for any Loan or Letter of Credit affected by such event; provided that such efforts are made on terms
that, in the sole judgment of such Lender, cause such Lender and its Lending
Office(s) to suffer no economic, legal or regulatory disadvantage, and provided  further
that nothing in this Section 3.01(g) shall affect or postpone any of the Obligations
of the Borrower or the rights of such Lender pursuant to Section 3.01(a) or
(c).

 

Section 3.02                                Illegality.
If any Lender determines that any Law
has made it unlawful, or that any Governmental Authority has asserted that it
is unlawful, for any Lender or its applicable Lending Office to make, maintain
or fund Eurocurrency Rate Loans, or to determine or charge interest rates based
upon the Eurocurrency Rate, then, on notice thereof by such Lender to the
Borrower through the Administrative Agent, any obligation of such Lender to
make or continue Eurocurrency Rate Loans or to convert Base Rate Loans to
Eurocurrency Rate 

 

94

 

Loans
shall be suspended until such Lender notifies the Administrative Agent and the
Borrower that the circumstances giving rise to such determination no longer
exist. Upon receipt of such notice, the Borrower shall upon demand from such
Lender (with a copy to the Administrative Agent), prepay or, if applicable,
convert all Eurocurrency Rate Loans of such Lender to Base Rate Loans, either
on the last day of the Interest Period therefor, if such Lender may lawfully
continue to maintain such Eurocurrency Rate Loans to such day, or promptly, if
such Lender may not lawfully continue to maintain such Eurocurrency Rate Loans.
Upon any such prepayment or conversion, the Borrower shall also pay accrued
interest on the amount so prepaid or converted and all amounts due, if any, in
connection with such prepayment or conversion under Section 3.05. Each Lender
agrees to designate a different Lending Office if such designation will avoid
the need for such notice and will not, in the good faith judgment of such
Lender, otherwise be materially disadvantageous to such Lender.

 

Section 3.03                                Inability
to Determine Rates. If the Required
Lenders determine that for any reason adequate and reasonable means do not
exist for determining the Eurocurrency Rate for any requested Interest Period
with respect to a proposed Eurocurrency Rate Loan or Post-First Amendment and
Restatement Credit-Linked Deposits, or that the Eurocurrency Rate for any
requested Interest Period with respect to a proposed Eurocurrency Rate Loan or
Post-First Amendment and Restatement Credit-Linked Deposit does not adequately
and fairly reflect the cost to such Lenders of funding such Loan or Post-First
Amendment and Restatement Credit-Linked Deposit, or that Dollar deposits are
not being offered to banks in the London interbank eurodollar market for the
applicable amount and the Interest Period of such Eurocurrency Rate Loan or
Post-First Amendment and Restatement Credit-Linked Deposit, the Administrative
Agent will promptly so notify the Borrower and each Lender. Thereafter, the
obligation of the Lenders to make or maintain Eurocurrency Rate Loans or Post-First
Amendment and Restatement Credit-Linked Deposits shall be suspended until the
Administrative Agent (upon the instruction of the Required Lenders) revokes
such notice. Upon receipt of such notice, the Borrower may revoke any pending
request for a Borrowing of, conversion to or continuation of Eurocurrency Rate
Loans or, failing that, will be deemed to have converted such request into a
request for a Borrowing of Base Rate Loans in the amount specified therein and
the Post-First Amendment and Restatement Credit-Linked Deposits shall be
invested so as to earn a return equal to the greater of the applicable Overnight
Rate and a rate determined by the Administrative Agent in accordance with
banking industry rules on interbank compensation.

 

Section 3.04                                Increased
Cost and Reduced Return; Capital Adequacy; Reserves on Eurocurrency Rate Loans.

 

(a)                                  If any Lender determines that as a result of
the introduction of or any change in or in the interpretation of any Law, in
each case after the Closing Date, or such Lender’s compliance therewith, there
shall be any increase in the cost to such Lender of agreeing to make or making,
funding or maintaining Eurocurrency Rate Loans, maintaining any Post-First
Amendment and Restatement Credit-Linked Deposit or issuing or participating in
Letters of Credit, or a reduction in the amount received or receivable by such
Lender in connection with any of the foregoing (excluding for purposes of this
Section 3.04(a) any such increased costs or reduction in amount resulting from (i)
Taxes or Other Taxes indemnifiable pursuant to Section 3.01, (ii) changes in
the basis of taxation of overall net income (including branch profits), and
franchise (and similar) taxes imposed in lieu of net income taxes, by the any
jurisdiction or any 

 

95

 

political
subdivision of either thereof under the Laws of which such Lender is organized
or maintains a Lending Office, (iii) reserve requirements contemplated by
Section 3.04(c) or (iv) the requirements of the Bank of England and the
Financial Services Authority or the European Central Bank reflected in the Mandatory
Cost, other than as set forth below) or the Mandatory Cost, as calculated
hereunder, does not represent the cost to such Lender of complying with the
requirements of the Bank of England and/or the Financial Services Authority or
the European Central Bank in relation to its making, funding or maintaining of
Eurocurrency Rate Loans, then from time to time within fifteen (15) days after
demand by such Lender setting forth in reasonable detail such increased costs
(with a copy of such demand to the Administrative Agent given in accordance
with Section 3.06), the Borrower shall pay to such Lender such additional
amounts as will compensate such Lender for such increased cost or reduction or,
if applicable, the portion of such cost that is not represented by the
Mandatory Cost.

 

(b)                                 If any Lender determines that the
introduction of any Law regarding capital adequacy or any change therein or in
the interpretation thereof, in each case after the Closing Date, or compliance
by such Lender (or its Lending Office) therewith, has the effect of reducing
the rate of return on the capital of such Lender or any corporation controlling
such Lender as a consequence of such Lender’s obligations hereunder (taking
into consideration its policies with respect to capital adequacy and such
Lender’s desired return on capital), then from time to time upon demand of such
Lender setting forth in reasonable detail the charge and the calculation of
such reduced rate of return (with a copy of such demand to the Administrative
Agent given in accordance with Section 3.06), the Borrower shall pay to such
Lender such additional amounts as will compensate such Lender for such reduction
within fifteen (15) days after receipt of such demand.

 

(c)                                  The Borrower shall pay to each Lender, (i) as
long as such Lender shall be required to maintain reserves with respect to
liabilities or assets consisting of or including Eurocurrency funds or deposits,
additional interest on the unpaid principal amount of each Eurocurrency Rate
Loan or Post-First Amendment and Restatement Credit-Linked Deposit equal to the
actual costs of such reserves allocated to such Loan or Post-First Amendment
and Restatement Credit-Linked Deposit by such Lender (as determined by such
Lender in good faith, which determination shall be conclusive in the absence of
manifest error), and (ii) as long as such Lender shall be required to comply
with any reserve ratio requirement or analogous requirement of any other
central banking or financial regulatory authority imposed in respect of the
maintenance of the Commitments or the funding of the Eurocurrency Rate Loans or
Post-First Amendment and Restatement Credit-Linked Deposit, such additional
costs (expressed as a percentage per annum and rounded upwards, if necessary,
to the nearest five decimal places) equal to the actual costs allocated to such
Commitment or Loan or Post-First Amendment and Restatement Credit-Linked
Deposit by such Lender (as determined by such Lender in good faith, which
determination shall be conclusive absent manifest error) which in each case
shall be due and payable on each date on which interest is payable on such Loan
or Post-First Amendment and Restatement Credit-Linked Deposit, provided the Borrower shall have received
at least fifteen (15) days’ prior notice (with a copy to the Administrative
Agent) of such additional interest or cost from such Lender. If a Lender fails
to give notice fifteen (15) days prior to the relevant Interest Payment Date,
such additional interest or cost shall be due and payable fifteen (15) days
from receipt of such notice.

 

96

 

(d)                                 Failure or delay on the part of any Lender to
demand compensation pursuant to this Section 3.04 shall not constitute a waiver
of such Lender’s right to demand such compensation, provided that the Borrower shall not be required to compensate
a Lender pursuant to Section 3.04(a), (b) or (c) for any such increased cost or
reduction incurred more than one hundred and eighty (180) days prior to the
date that such Lender demands, or notifies the Borrower of its intention to
demand, compensation therefor, provided
further that, if the circumstance
giving rise to such increased cost or reduction is retroactive, then such
180-day period referred to above shall be extended to include the period of
retroactive effect thereof.

 

(e)                                  If any Lender requests compensation under
this Section 3.04, then such Lender will, if requested by the Borrower, use
commercially reasonable efforts to designate another Lending Office for any
Loan, Post-First Amendment and Restatement Credit-Linked Deposit Account or
Letter of Credit affected by such event; provided
that such efforts are made on terms that, in the reasonable judgment of such
Lender, cause such Lender and its Lending Office(s) to suffer no material
economic, legal or regulatory disadvantage, and provided  further
that nothing in this Section 3.04(e) shall affect or postpone any of the
Obligations of the Borrower or the rights of such Lender pursuant to Section
3.04(a), (b), (c) or (d).

 

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

 

(a)                                  (i) any continuation, conversion, payment or
prepayment of any Loan other than a Base Rate Loan on a day other than the last
day of the Interest Period for such Loan; or

 

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

 

including
any loss or expense arising from the liquidation or reemployment of funds
obtained by it to maintain such Loan or from fees payable to terminate the
deposits from which such funds were obtained.

 

For
purposes of calculating amounts payable by the Borrower to the Lenders under
this Section 3.05, each Lender shall be deemed to have funded each Eurocurrency
Rate Loan made by it at the Eurocurrency Rate for such Loan by a matching deposit
or other borrowing in the London interbank eurodollar market for a comparable
amount and for a comparable period, whether or not such Eurocurrency Rate Loan
was in fact so funded. In addition, the Borrower shall indemnify the
Administrative Agent against any loss or expense comparable to the losses or expenses
covered by the preceding sentences of this Section 3.05 that the Administrative
Agent may sustain or incur as a consequence of any withdrawal from the
Post-First Amendment and Restatement Credit-Linked Deposit Account pursuant to
the terms of this Agreement prior to the end of the then-applicable Interest
Period for the Post-First Amendment and Restatement Credit-Linked Deposits.

 

97

 

Section 3.06                                Matters
Applicable to All Requests for Compensation.

 

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

 

(b)                                 With respect to any Lender’s claim for
compensation under Section 3.01, 3.02, 3.03 or 3.04, the Borrower shall not be
required to compensate such Lender for any amount incurred more than one
hundred and eighty (180) days prior to the date that such Lender notifies the
Borrower of the event that gives rise to such claim; provided that, if the circumstance giving rise to such claim
is retroactive, then such 180-day period referred to above shall be extended to
include the period of retroactive effect thereof. If any Lender requests
compensation by the Borrower under Section 3.04, the Borrower may, by notice to
such Lender (with a copy to the Administrative Agent), suspend the obligation
of such Lender to make or continue from one Interest Period to another
Eurocurrency Rate Loans, or to convert Base Rate Loans into Eurocurrency Rate
Loans, until the event or condition giving rise to such request ceases to be in
effect (in which case the provisions of Section 3.06(c) shall be applicable); provided that such suspension shall not
affect the right of such Lender to receive the compensation so requested.

 

(c)                                  If the obligation of any Lender to make or
continue from one Interest Period to another any Eurocurrency Rate Loan, or to
convert Base Rate Loans into Eurocurrency Rate Loans shall be suspended
pursuant to Section 3.06(b) hereof, such Lender’s Eurocurrency Rate Loans shall
be automatically converted into Base Rate Loans on the last day(s) of the then
current Interest Period(s) for such Eurocurrency Rate Loans (or, in the case of
an immediate conversion required by Section 3.02, on such earlier date as
required by Law) and, unless and until such Lender gives notice as provided
below that the circumstances specified in Section 3.01, 3.02, 3.03 or 3.04
hereof that gave rise to such conversion no longer exist:

 

(i)                                     to the extent that such Lender’s Eurocurrency
Rate Loans have been so converted, all payments and prepayments of principal
that would otherwise be applied to such Lender’s Eurocurrency Rate Loans shall
be applied instead to its Base Rate Loans; and

 

(ii)                                  all Loans that would otherwise be made or
continued from one Interest Period to another by such Lender as Eurocurrency
Rate Loans shall be made or continued instead as Base Rate Loans, and all Base
Rate Loans of such Lender that would otherwise be converted into Eurocurrency
Rate Loans shall remain as Base Rate Loans.

 

(d)                                 If any Lender gives notice to the Borrower
(with a copy to the Agent) that the circumstances specified in Section 3.01,
3.02, 3.03 or 3.04 hereof that gave rise to the conversion of such Lender’s
Eurocurrency Rate Loans pursuant to this Section 3.06 no longer exist (which
such Lender agrees to do promptly upon such circumstances ceasing to exist) at
a time when Eurocurrency Rate Loans made by other Lenders are outstanding, such
Lender’s Base Rate Loans shall be automatically converted, on the first day(s)
of the next succeeding Interest Period(s) for such outstanding Eurocurrency
Rate Loans, to the extent necessary so that, after giving effect thereto, all
Loans held by the Lenders holding Eurocurrency Rate Loans and by such 

 

98

 

Lender
are held pro rata (as to principal amounts, interest rate basis, and Interest
Periods) in accordance with their respective Commitments.

 

Section 3.07                                Replacement
of Lenders under Certain Circumstances.

 

(a)                                  If at any time (i) the Borrower becomes
obligated to pay additional amounts or indemnity payments described in Section
3.01 or 3.04 as a result of any condition described in such Sections or any
Lender ceases to make Eurocurrency Rate Loans as a result of any condition
described in Section 3.02 or Section 3.04, (ii) any Lender becomes a Defaulting
Lender or (iii) any Lender becomes a Non-Consenting Lender, then the Borrower
may, on ten (10) Business Days’ prior written notice to the Administrative
Agent and such Lender, replace such Lender by causing such Lender to (and such
Lender shall be obligated to) assign pursuant to Section 10.07(b) (with the
assignment fee to be paid by the Borrower in such instance) all of its rights
and obligations under this Agreement to one or more Eligible Assignees; provided that neither the Administrative
Agent nor any Lender shall have any obligation to the Borrower to find a
replacement Lender or other such Person; and provided
further that (A) in the case of
any such assignment resulting from a claim for compensation under Section 3.04
or payments required to be made pursuant to Section 3.01, such assignment will
result in a reduction in such compensation or payments and (B) in the case of
any such assignment resulting from a Lender becoming a Non-Consenting Lender,
the applicable Eligible Assignees shall have agreed to the applicable
departure, waiver or amendment of the Loan Documents.

 

(b)                                 Any Lender being replaced pursuant to Section
3.07(a) above shall (i) execute and deliver an Assignment and Assumption with
respect to such Lender’s Commitment and outstanding Loans, Post-First Amendment
and Restatement Credit-Linked Deposits and participations in L/C Obligations
and Swing Line Loans, and (ii) deliver any Notes evidencing such Loans to the
Borrower or Administrative Agent. Pursuant to such Assignment and Assumption,
(A) the assignee Lender shall acquire all or a portion, as the case may be, of
the assigning Lender’s Commitment and outstanding Loans and participations in
L/C Obligations and Swing Line Loans, (B) all obligations of the Borrower owing
to the assigning Lender relating to the Loans and participations so assigned
shall be paid in full by the assignee Lender to such assigning Lender
concurrently with such assignment and assumption and (C) upon such payment and,
if so requested by the assignee Lender, delivery to the assignee Lender of the
appropriate Note or Notes executed by the Borrower, the assignee Lender shall
become a Lender hereunder and the assigning Lender shall cease to constitute a
Lender hereunder with respect to such assigned Loans, Commitments and
participations, except with respect to indemnification provisions under this
Agreement, which shall survive as to such assigning Lender.

 

(c)                                  Notwithstanding anything to the contrary
contained above, any Lender that acts as an L/C Issuer may not be replaced
hereunder at any time that it has any Letter of Credit outstanding hereunder
unless arrangements reasonably satisfactory to such L/C Issuer (including the
furnishing of a back-up standby letter of credit in form and substance, and
issued by an issuer reasonably satisfactory to such L/C Issuer or the
depositing of cash collateral into a cash collateral account in amounts and
pursuant to arrangements reasonably satisfactory to such L/C Issuer) have been
made with respect to each such outstanding Letter of Credit and the Lender that
acts as the Administrative Agent may not be replaced hereunder except in
accordance with the terms of Section 9.09.

 

99

 

(d)                                 In the event that (i) the Borrower or the
Administrative Agent has requested that the Lenders consent to a departure or
waiver of any provisions of the Loan Documents or agree to any amendment
thereto, (ii) the consent, waiver or amendment in question requires the
agreement of all affected Lenders in accordance with the terms of Section 10.01
or all the Lenders with respect to a certain Class of the Loans and (iii) the
Required Lenders have agreed to such consent, waiver or amendment, then any
Lender who does not agree to such consent, waiver or amendment shall be deemed
a “Non-Consenting Lender.”

 

Section 3.08                                Survival. All of the Borrower’s obligations under
this Article 3 shall survive termination of the Aggregate Commitments and
repayment of all other Obligations hereunder.

 

ARTICLE IV

 

Conditions Precedent to Credit Extensions

 

Section 4.01                                Conditions
of First Amendment and Restatement Credit Extension. The obligation of each applicable Lender to make its First Amendment
and Restatement Credit Extension hereunder is subject to satisfaction of the
following conditions precedent:

 

(a)                                  The Administrative Agent’s receipt of the
following, each of which shall be originals or facsimiles (followed promptly by
originals) unless otherwise specified, each properly executed by a Responsible
Officer of the signing Loan Party, each in form and substance reasonably
satisfactory to the Administrative Agent and its legal counsel:

 

(i)                                     Fully executed counterparts of the Repricing
Amendment Agreement, executed by Holdings, Intermediate Parent, the Borrower
and the Required Lenders under the Original Credit Agreement;

 

(ii)                                  Fully executed Tranche B Lender Addendums for
any applicable Tranche B Term Lenders or Post-First Amendment and Restatement
Synthetic L/C Lenders;

 

(iii)                               a Note executed by the Borrower in favor of
each Lender that has requested a Note at least two Business Days in advance of
the First Amendment and Restatement Effective Date;

 

(iv)                              such certificates of resolutions or other
action, incumbency certificates and/or other certificates of Responsible
Officers of the Borrower as the Administrative Agent may reasonably require
evidencing the identity, authority and capacity of each Responsible Officer
thereof authorized to act as a Responsible Officer in connection with this
Agreement and the other Loan Documents to which the Borrower is a party or is
to be a party on the First Amendment and Restatement Effective Date;

 

(v)                                 opinion from Simpson Thacher & Bartlett
LLP, New York counsel to the Loan Parties substantially in the form of Exhibit
I;

 

(vi)                              a Committed Loan Notice or Letter of Credit
Application, as applicable, relating to the First Amendment and Restatement
Credit Extension.

 

100

 

(b)                                 All fees and expenses required to be paid
hereunder and invoiced before the First Amendment and Restatement Effective
Date shall have been paid in full in cash.

 

Section 4.02                                Conditions
to All Credit Extensions. The
obligation of each Lender to honor any Request for Credit Extension (other than
a Committed Loan Notice requesting only a conversion of Loans to the other
Type, or a continuation of Eurocurrency Rate Loans) is subject to the following
conditions precedent:

 

(a)                                  The representations and warranties of the
Borrower and each other Loan Party contained in Article 5 or any other Loan
Document shall be true and correct in all material respects on and as of the
date of such Credit Extension; provided
that, to the extent that such representations and warranties specifically refer
to an earlier date, they shall be true and correct in all material respects as
of such earlier date; provided, further that, any representation and
warranty that is qualified as to “materiality,” “Material Adverse Effect” or
similar language shall be true and correct in all respects on such respective
dates.

 

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

 

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

 

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

 

ARTICLE V

 

Representations and Warranties

 

The
Borrower represents and warrants to the Agents and the Lenders that:

 

Section 5.01                                Existence,
Qualification and Power; Compliance with Laws. Each Loan Party and each of its Subsidiaries (a) is a Person duly
organized or formed, validly existing and in good standing under the Laws of
the jurisdiction of its incorporation or organization, (b) has all requisite
power and authority to (i) own or lease its assets and carry on its business
and (ii) execute, deliver and perform its obligations under the Loan Documents
to which it is a party, (c) is duly qualified and in good standing under the
Laws of each jurisdiction where its ownership, lease or operation of properties
or the conduct of its business requires such qualification, (d) is in
compliance with all Laws, orders, writs, injunctions and orders and (e) has all
requisite governmental licenses, authorizations, consents and approvals to
operate its business as currently conducted; except in each case referred to in
clause (c), (d) or (e), to the extent that failure to do so could not
reasonably be expected to have a Material Adverse Effect.

 

101

 

Section 5.02                                Authorization;
No Contravention. The execution,
delivery and performance by each Loan Party of each Loan Document to which such
Person is a party, and the consummation of the Transaction, are within such
Loan Party’s corporate or other powers, have been duly authorized by all
necessary corporate or other organizational action, and do not and will not (a)
contravene the terms of any of such Person’s Organization Documents, (b)
conflict with or result in any breach or contravention of, or the creation of
any Lien under (other than as permitted by Section 7.01), or require any
payment to be made under (i) any Contractual Obligation to which such Person is
a party or affecting such Person or the properties of such Person or any of its
Subsidiaries or (ii) any material order, injunction, writ or decree of any
Governmental Authority or any arbitral award to which such Person or its
property is subject; or (c) violate any material Law; except with respect to
any conflict, breach or contravention or payment (but not creation of Liens)
referred to in clause (b)(i), to the extent that such conflict, breach,
contravention or payment could not reasonably be expected to have a Material
Adverse Effect.

 

Section 5.03                                Governmental
Authorization; Other Consents. No
material approval, consent, exemption, authorization, or other action by, or notice
to, or filing with, any Governmental Authority or any other Person is necessary
or required in connection with (a) the execution, delivery or performance by,
or enforcement against, any Loan Party of this Agreement or any other Loan
Document, or for the consummation of the Transaction, (b) the grant by any Loan
Party of the Liens granted by it pursuant to the Collateral Documents, (c) the
perfection or maintenance of the Liens created under the Collateral Documents
(including the priority thereof) or (d) the exercise by the Administrative
Agent or any Lender of its rights under the Loan Documents or the remedies in
respect of the Collateral pursuant to the Collateral Documents, except for (i)
filings necessary to perfect the Liens on the Collateral granted by the Loan
Parties in favor of the Secured Parties, (ii) the approvals, consents,
exemptions, authorizations, actions, notices and filings which have been duly
obtained, taken, given or made and are in full force and effect and (iii) those
approvals, consents, exemptions, authorizations or other actions, notices or
filings, the failure of which to obtain or make could not reasonably be
expected to have a Material Adverse Effect.

 

Section 5.04                                Binding
Effect. This Agreement and each
other Loan Document has been duly executed and delivered by each Loan Party
that is party thereto. This Agreement and each other Loan Document constitutes,
a legal, valid and binding obligation of such Loan Party, enforceable against
each Loan Party that is party thereto in accordance with its terms, except as
such enforceability may be limited by Debtor Relief Laws and by general
principles of equity.

 

Section 5.05                                Financial
Statements; No Material Adverse Effect.

 

(a)                                  (i) 
The Audited Financial Statements and the Unaudited Financial Statements
fairly present in all material respects the financial condition of Target and
its Subsidiaries as of the dates thereof and their results of operations for
the period covered thereby in accordance with GAAP consistently applied
throughout the periods covered thereby, except as otherwise expressly noted
therein. During the period from December 31, 2005 to and including the Closing
Date, there has been (i) no sale, transfer or other disposition by Target or
any of its Subsidiaries of any material part of the business or property of
Target or any of its Subsidiaries, 

 

102

 

taken
as a whole and (ii) no purchase or other acquisition by Target or any of its
Subsidiaries of any business or property (including any Equity Interests of any
other Person) material in relation to the consolidated financial condition of
Target and its Subsidiaries taken as a whole, in each case, which is not
reflected in the foregoing financial statements or in the notes thereto or has
not otherwise been disclosed in writing to the Administrative Agent prior to
the Closing Date.

 

(ii)                                  The unaudited pro forma consolidated balance
sheet of Holdings and its Subsidiaries as at March 31, 2006 (including the
notes thereto) (the “Pro Forma Balance Sheet”)
and the unaudited pro forma consolidated statement of operations of Holdings
and its Subsidiaries for the most recent fiscal year, the quarter ended March
31, 2006 and the 12-month period ending on March 31, 2006 (together with the
Pro Forma Balance Sheet, the “Pro Forma
Financial Statements”), copies of which have heretofore been
furnished to the Administrative Agent, have been prepared giving effect (as if
such events had occurred on such date or at the beginning of such periods, as
the case may be) to the Transaction, each material acquisition by Target or any
of its Subsidiaries consummated after March 31, 2006 and prior to the Closing
Date and all other material transactions that would be required to be given pro
forma effect by Regulation S-X promulgated under the Exchange Act (including
other adjustments consistent with the definition of Pro Forma Adjustment or as
otherwise agreed between the Borrower and the Arrangers). The Pro Forma
Financial Statements have been prepared in good faith, based on assumptions
believed by the Borrower to be reasonable as of the date of delivery thereof,
and present fairly in all material respects on a pro forma basis and in
accordance with GAAP the estimated financial position of Holdings and its
Subsidiaries as at March 31, 2006 and their estimated results of operations for
the periods covered thereby, assuming that the events specified in the
preceding sentence had actually occurred at such date or at the beginning of
the periods covered thereby.

 

(b)                                 Since the Closing Date, there has been no
event or circumstance, either individually or in the aggregate, that has had or
could reasonably be expected to have a Material Adverse Effect.

 

(c)                                  The forecasts of consolidated balance sheets,
income statements and cash flow statements of Holdings and its Subsidiaries for
each fiscal year ending after the Closing Date until the seventh anniversary of
the Closing Date, copies of which have been furnished to the Administrative
Agent prior to the Closing Date in a form reasonably satisfactory to it, have
been prepared in good faith on the basis of the assumptions stated therein,
which assumptions were believed to be reasonable at the time of preparation of
such forecasts, it being understood that actual results may vary from such
forecasts and that such variations may be material.

 

(d)                                 As of the Closing Date, neither Holdings nor
any Subsidiary has any Indebtedness or other obligations or liabilities, direct
or contingent (other than (i) the liabilities reflected on Schedule 5.05,
(ii) obligations arising under or permitted by this Agreement and (iii)
liabilities incurred in the ordinary course of business) that, either
individually or in the aggregate, have had or could reasonably be expected to
have a Material Adverse Effect.

 

Section 5.06                                Litigation. There are no actions, suits, proceedings,
claims or disputes pending or, to the knowledge of the Borrower, threatened in
writing or contemplated, at law, in equity, in arbitration or before any Governmental
Authority, by or against Holdings or 

 

103

 

any of its Subsidiaries or against any of
their properties or revenues that either individually or in the aggregate,
could reasonably be expected to have a Material Adverse Effect.

 

Section 5.07                                No
Default. Neither Holdings nor any
of its Subsidiary is in default under or with respect to, or a party to, any
Contractual Obligation that could, either individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect.

 

Section 5.08                                Ownership
of Property; Liens. Each Loan Party
and each of its Subsidiaries has good record and marketable title in fee simple
to, or valid leasehold interests in, or easements or other limited property
interests in, all real property necessary in the ordinary conduct of its
business, free and clear of all Liens except for minor defects in title that do
not materially interfere with its ability to conduct its business or to utilize
such assets for their intended purposes and Liens permitted by Section 7.01 and
except where the failure to have such title could not reasonably be expected to
have, individually or in the aggregate, a Material Adverse Effect.

 

Section 5.09                                Environmental
Compliance.

 

(a)                                  There are no claims, actions, suits, or
proceedings alleging potential liability or responsibility for violation of, or
otherwise relating to, any Environmental Law that could, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect.

 

(b)                                 Except as specifically disclosed in Schedule
5.09(b) or except as could not reasonably be expected to have, individually
or in the aggregate, a Material Adverse Effect, (i) none of the properties
currently or formerly owned, leased or operated by any Loan Party or any of its
Subsidiaries is listed or proposed for listing on the NPL or on the CERCLIS or
any analogous foreign, state or local list or is adjacent to any such property;
(ii) there are no and never have been any underground or aboveground storage
tanks or any surface impoundments, septic tanks, pits, sumps or lagoons in
which Hazardous Materials are being or have been treated, stored or disposed on
any property currently owned, leased or operated by any Loan Party or any of
its Subsidiaries or, to its knowledge, on any property formerly owned or operated
by any Loan Party or any of its Subsidiaries; (iii) there is no asbestos or
asbestos-containing material on any property currently owned or operated by any
Loan Party or any of its Subsidiaries; and (iv) Hazardous Materials have not
been released, discharged or disposed of by any Person on any property
currently or formerly owned, leased or operated by any Loan Party or any of its
Subsidiaries and Hazardous Materials have not otherwise been released,
discharged or disposed of by any of the Loan Parties and their Subsidiaries at
any other location.

 

(c)                                  The properties owned, leased or operated by
Holdings and the Subsidiaries do not contain any Hazardous Materials in amounts
or concentrations which (i) constitute, or constituted a violation of, (ii)
require remedial action under, or (iii) could give rise to liability under,
Environmental Laws, which violations, remedial actions and liabilities,
individually or in the aggregate, could reasonably be expected to result in a
Material Adverse Effect.

 

(d)                                 Except as specifically disclosed in Schedule
5.09(d), neither Holdings nor any of its Subsidiaries is undertaking, and
has not completed, either individually or together with other potentially
responsible parties, any investigation or assessment or remedial or response
action 

 

104

 

relating
to any actual or threatened release, discharge or disposal of Hazardous
Materials at any site, location or operation, either voluntarily or pursuant to
the order of any Governmental Authority or the requirements of any Environmental
Law except for such investigation or assessment or remedial or response action
that, individually or in the aggregate, could not reasonably be expected to result
in a Material Adverse Effect.

 

(e)                                  All Hazardous Materials generated, used,
treated, handled or stored at, or transported to or from, any property
currently or formerly owned or operated by any Loan Party or any of its
Subsidiaries have been disposed of in a manner not reasonably expected to
result, individually or in the aggregate, in a Material Adverse Effect.

 

(f)                                    Except as would not reasonably be expected to
result, individually or in the aggregate, in a Material Adverse Effect, none of
the Loan Parties and their Subsidiaries has contractually assumed any liability
or obligation under or relating to any Environmental Law.

 

Section 5.10                                Taxes. Except as set forth in Schedule 5.10
and except as could not, either individually or in the aggregate, reasonably be
expected to result in a Material Adverse Effect, Holdings and its Subsidiaries
have timely filed all Federal and state and other tax returns and reports
required to be filed, and have timely paid all Federal and state and other
taxes, assessments, fees and other governmental charges levied or imposed upon
them or their properties, income or assets otherwise due and payable, except
those which are being contested in good faith by appropriate proceedings
diligently conducted and for which adequate reserves have been provided in
accordance with GAAP.

 

Section 5.11                                ERISA
Compliance.

 

(a)                                  Except as set forth in Schedule 5.11(a)
or as could not, either individually or in the aggregate, reasonably be
expected to result in a Material Adverse Effect, each Plan is in compliance in
with the applicable provisions of ERISA, the Code and other Federal or state
Laws.

 

(b)                                 (i) No ERISA Event has occurred during the
five year period prior to the date on which this representation is made or
deemed made with respect to any Pension Plan; (ii) no Pension Plan has an “accumulated
funding deficiency” (as defined in Section 412 of the Code), whether or not
waived; (iii) neither any Loan Party nor any ERISA Affiliate has incurred, or
reasonably expects to incur, any liability under Title IV of ERISA with respect
to any Pension Plan (other than premiums due and not delinquent under Section
4007 of ERISA); (iv) neither any Loan Party nor any ERISA Affiliate has
incurred, or reasonably expects to incur, any liability (and no event has
occurred which, with the giving of notice under Section 4219 of ERISA, would
result in such liability) under Sections 4201 or 4243 of ERISA with respect to
a Multiemployer Plan; and (v) neither any Loan Party nor any ERISA Affiliate
has engaged in a transaction that could be subject to Sections 4069 or 4212(c)
of ERISA, except, with respect to each of the foregoing clauses of this Section
5.11(b), as could not reasonably be expected, individually or in the aggregate,
to result in a Material Adverse Effect.

 

(c)                                  Except where noncompliance would not
reasonably be expected to result in a Material Adverse Effect, each Foreign
Plan has been maintained in substantial compliance 

 

105

 

with
its terms and with the requirements of any and all applicable laws, statutes,
rules, regulations and orders, and neither a Loan Party nor any Subsidiary has
incurred any material obligation in connection with the termination of or
withdrawal from any Foreign Plan. Except as would not reasonably be expected to
result in a Material Adverse Effect, the present value of the accrued benefit
liabilities (whether or not vested) under each Foreign Plan which is funded, determined
as of the end of the most recently ended fiscal year of a Loan Party or
Subsidiary (based on the actuarial assumptions used for purposes of the
applicable jurisdiction’s financial reporting requirements), did not exceed the
current value of the assets of such Foreign Plan, and for each Foreign Plan
which is not funded, the obligations of such Foreign Plan are properly accrued.

 

Section 5.12                                Subsidiaries;
Equity Interests. As of the Closing
Date, neither Holdings nor any Loan Party has any Subsidiaries other than those
specifically disclosed in Schedule 5.12, and all of the outstanding
Equity Interests in material Subsidiaries have been validly issued, are fully
paid and nonassessable and all Equity Interests owned by Holdings or a Loan
Party are owned free and clear of all Liens except (i) those created under the
Collateral Documents and (ii) any nonconsensual Lien that is permitted under
Section 7.01. As of the Closing Date, Schedule 5.12 (a) sets forth the
name and jurisdiction of each Subsidiary, (b) sets forth the ownership interest
of Holdings, the Borrower and any other Subsidiary in each Subsidiary,
including the percentage of such ownership and (c) identifies each Subsidiary
that is a Subsidiary the Equity Interests of which are required to be pledged
on the Closing Date pursuant to the Collateral and Guarantee Requirement.

 

Section 5.13                                Margin
Regulations; Investment Company Act.

 

(a)                                  No Loan Party is engaged nor will it engage,
principally or as one of its important activities, in the business of
purchasing or carrying margin stock (within the meaning of Regulation U issued
by the FRB), or extending credit for the purpose of purchasing or carrying
margin stock, and no proceeds of any Borrowings or drawings under any Letter of
Credit will be used for any purpose that violates Regulation U.

 

(b)                                 None of Holdings, any Person Controlling the
Borrower or any Subsidiary is or is required to be registered as an “investment
company” under the Investment Company Act of 1940.

 

Section 5.14                                Disclosure. No report, financial statement, certificate
or other written information furnished by or on behalf of any Loan Party to any
Agent or any Lender in connection with the transactions contemplated hereby and
the negotiation of this Agreement or delivered hereunder or any other Loan
Document (as modified or supplemented by other information so furnished) when
taken as a whole contains any material misstatement of fact or omits to state
any material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not materially misleading; provided that, with respect to projected
financial information and pro forma financial information, the Borrower
represents only that such information was prepared in good faith based upon
assumptions believed to be reasonable at the time of preparation; it being
understood that such projections may vary from actual results and that such
variances may be material.

 

106

 

Section 5.15                                Intellectual
Property; Licenses, Etc. Each of
the Loan Parties and their Subsidiaries own, license or possess the right to
use, all of the trademarks, service marks, trade names, domain names,
copyrights, patents, patent rights, licenses, technology, software, know-how
database rights, design rights and other intellectual property rights
(collectively, “IP Rights”) that
are reasonably necessary for the operation of their respective businesses as
currently conducted, and, without conflict with the rights of any Person,
except to the extent such conflicts, either individually or in the aggregate,
could not reasonably be expected to have a Material Adverse Effect. No such IP
Rights infringe upon any rights held by any Person except for such
infringements, individually or in the aggregate, which could not reasonably be
expected to have a Material Adverse Effect. No claim or litigation regarding
any such IP Rights, is pending or, to the knowledge of the Borrower, threatened
against any Loan Party or Subsidiary, which, either individually or in the
aggregate, could reasonably be expected to have a Material Adverse Effect.

 

Section 5.16                                Solvency. On the Closing Date after giving effect to
the Transaction, the Loan Parties, on a consolidated basis, are Solvent.

 

Section 5.17                                Subordination
of Junior Financing. The
Obligations are “Senior Debt,” “Senior Indebtedness,” “Guarantor Senior Debt”
or “Senior Secured Financing” (or any comparable term) under, and as defined
in, any Junior Financing Documentation.

 

Section 5.18                                Labor
Matters. Except as, in the
aggregate, could not reasonably be expected to have a Material Adverse
Effect:  (a) there are no strikes or
other labor disputes against Holdings or any of its Subsidiaries pending or, to
the knowledge of Holdings or the Borrower, threatened; (b) none of hours worked
by nor any payments made to employees of Holdings or any of its Subsidiaries
have been in violation of the Fair Labor Standards Act or any other applicable
Laws dealing with such matters; and (c) all payments due from Holdings or any
of its Subsidiaries on account of employee health and welfare insurance have
been paid or accrued as a liability on the books of the relevant party.

 

ARTICLE VI

 

Affirmative Covenants

 

So
long as any Lender shall have any Commitment hereunder, any Loan or other
Obligation hereunder which is accrued and payable shall remain unpaid or
unsatisfied, or any Letter of Credit shall remain outstanding, each of Holdings
and the Borrower shall, and shall (except in the case of the covenants set
forth in Sections 6.01, 6.02 and 6.03) cause each Restricted Subsidiary to:

 

Section 6.01                                Financial
Statements. Deliver to the
Administrative Agent for prompt further distribution to each Lender:

 

(a)                                  as soon as available, but in any event within
one hundred and twenty (120) days after the end of the 2006 fiscal year and
within ninety (90) days after the end of each fiscal year of Holdings beginning
with the 2007 fiscal year, a consolidated balance sheet of Holdings and its
Subsidiaries as at the end of such fiscal year, and the related consolidated
statements of 

 

107

 

income
or operations, stockholders’ equity and cash flows for such fiscal year,
setting forth in each case in comparative form the figures for the previous
fiscal year, all in reasonable detail and prepared in accordance with GAAP,
audited and accompanied by a report and opinion of Deloitte & Touche LLP or
any other independent registered public accounting firm of nationally
recognized standing, which report and opinion shall be prepared in accordance
with generally accepted auditing standards and shall not be subject to any “going
concern” or like qualification or exception or any qualification or exception
as to the scope of such audit;

 

(b)                                 as soon as available, but in any event within
forty-five (45) days after the end of each of the first three (3) fiscal
quarters of each fiscal year of Holdings, a consolidated balance sheet of
Holdings and its Subsidiaries as at the end of such fiscal quarter, and the
related (i) consolidated statements of income or operations for such fiscal
quarter and for the portion of the fiscal year then ended and (ii) consolidated
statements of cash flows for the portion of the fiscal year then ended, setting
forth in each case in comparative form the figures for the corresponding fiscal
quarter of the previous fiscal year and the corresponding portion of the previous
fiscal year, all in reasonable detail and certified by a Responsible Officer of
the Borrower as fairly presenting in all material respects the financial
condition, results of operations, stockholders’ equity and cash flows of
Holdings and its Subsidiaries in accordance with GAAP, subject only to normal
year-end audit adjustments and the absence of footnotes;

 

(c)                                  as soon as available, and in any event no
later than ninety (90) days after the end of each fiscal year of Holdings, a
detailed consolidated budget for the following fiscal year (including a
projected consolidated balance sheet of Holdings and its Subsidiaries as of the
end of the following fiscal year, the related consolidated statements of
projected cash flow and projected income and a summary of the material
underlying assumptions applicable thereto), and, as soon as available,
significant revisions, if any, of such budget and projections with respect to
such fiscal year (collectively, the “Projections”),
which Projections shall in each case be accompanied by a certificate of a
Responsible Officer stating that such Projections are based on reasonable
estimates, information and assumptions and that such Responsible Officer has no
reason to believe that such Projections are incorrect or misleading in any
material respect; and

 

(d)                                 simultaneously with the delivery of each set
of consolidated financial statements referred to in Sections 6.01(a) and
6.01(b) above, the related consolidating financial statements reflecting the
adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries
(if any) from such consolidated financial statements.

 

Notwithstanding
the foregoing, the obligations in paragraphs (a) and (b) of this Section 6.01
may be satisfied with respect to financial information of Holdings and its
Subsidiaries by furnishing (A) the applicable financial statements of Holdings
(or any direct or indirect parent of Holdings that holds all of the Equity
Interests of Holdings) or (B) Holdings’ (or any direct or indirect parent
thereof), as applicable, Form 10-K or 10-Q, as applicable, filed with the SEC; provided that, with respect to each of
clauses (A) and (B), to the extent such information is in lieu of information
required to be provided under Section 6.01(a), such materials are accompanied
by a report and opinion of Deloitte & Touche LLP or any other independent
registered public accounting firm of nationally recognized standing, which
report and opinion shall be prepared in accordance with generally accepted
auditing standards and shall not be subject to any “going concern” or like
qualification or exception or any qualification or exception as to the scope of
such audit.

 

108

 

Section 6.02                                Certificates;
Other Information. Deliver to the
Administrative Agent for prompt further distribution to each Lender:

 

(a)                                  no later than five (5) days after the
delivery of the financial statements referred to in Section 6.01(a), a certificate
of its independent registered public accounting firm certifying such financial
statements and stating that in making the examination necessary therefor no
knowledge was obtained of any Event of Default resulting from a violation of
Section 7.11 or, if any such Event of Default shall exist, stating the nature
and status of such event;

 

(b)                                 no later than five (5) days after the
delivery of the financial statements referred to in Sections 6.01(a) and (b), a
duly completed Compliance Certificate signed by a Responsible Officer of the
Borrower and, if such Compliance Certificate demonstrates an Event of Default
resulting from a violation of Section 7.11, any of the Equity Investors may
deliver, together with such Compliance Certificate, notice of their intent to
cure (a “Notice of Intent to Cure”)
such Event of Default pursuant to Section 8.05; provided that the delivery of a Notice of Intent to Cure
shall in no way affect or alter the occurrence, existence or continuation of
any such Event of Default or the rights, benefits, powers and remedies of the Administrative
Agent and the Lenders under any Loan Document;

 

(c)                                  promptly after the same are publicly
available, copies of all annual, regular, periodic and special reports and
registration statements which Holdings or the Borrower files with the SEC or
with any Governmental Authority that may be substituted therefor (other than
amendments to any registration statement (to the extent such registration
statement, in the form it became effective, is delivered), exhibits to any
registration statement and, if applicable, any registration statement on Form
S-8) and in any case not otherwise required to be delivered to the
Administrative Agent pursuant hereto;

 

(d)                                 promptly after the furnishing thereof, copies
of any material requests or material notices received by any Loan Party (other
than in the ordinary course of business) or material statements or material
reports furnished to any holder of debt securities of any Loan Party or of any
of its Subsidiaries pursuant to the terms of any High Yield Notes Documentation
or Junior Financing Documentation in a principal amount greater than the
Threshold Amount and not otherwise required to be furnished to the Lenders
pursuant to any other clause of this Section 6.02;

 

(e)                                  together with the delivery of the financial
statements pursuant to Section 6.01(a) and each Compliance Certificate pursuant
to Section 6.02(b), (i) a report setting forth the information required by
Section 3.03(c) of the Security Agreement or confirming that there has been no
change in such information since the Closing Date or the date of the last such
report), (ii) a description of each event, condition or circumstance during the
last fiscal quarter covered by such Compliance Certificate requiring a mandatory
prepayment under Section 2.05(b) and (iii) a list of each Subsidiary that
identifies each Subsidiary as a Restricted or an Unrestricted Subsidiary as of
the date of delivery of such Compliance Certificate; and

 

(f)                                    promptly, such additional information
regarding the business, legal, financial or corporate affairs of any Loan Party
or any Subsidiary, or compliance with the terms of the 

 

109

 

Loan
Documents, as the Administrative Agent or any Lender through the Administrative
Agent may from time to time reasonably request.

 

Documents
required to be delivered pursuant to Section 6.01(a) or (b) or Section 6.02(d)
(to the extent any such documents are included in materials otherwise filed
with the SEC) may be delivered electronically and if so delivered, shall be
deemed to have been delivered on the date (i) on which Holdings or the Borrower
posts such documents, or provides a link thereto on Holdings’ or the Borrower’s
website on the Internet at the website address listed on Schedule 10.02;
or (ii) on which such documents are posted on Holdings’ or the Borrower’s
behalf on IntraLinks/IntraAgency or another relevant website, if any, to which
each Lender and the Administrative Agent have access (whether a commercial,
third-party website or whether sponsored by the Administrative Agent); provided that:  (i) upon written request by the
Administrative Agent, the Borrower shall deliver paper copies of such documents
to the Administrative Agent for further distribution to each Lender until a
written request to cease delivering paper copies is given by the Administrative
Agent and (ii) the Borrower shall notify (which may be by facsimile or
electronic mail) the Administrative Agent of the posting of any such documents
and provide to the Administrative Agent by electronic mail electronic versions
(i.e., soft copies) of such documents. Notwithstanding anything contained
herein, in every instance the Borrower shall be required to provide paper
copies of the Compliance Certificates required by Section 6.02(b) to the
Administrative Agent. Each Lender shall be solely responsible for timely
accessing posted documents or requesting delivery of paper copies of such
documents from the Administrative Agent and maintaining its copies of such
documents.

 

Section 6.03                                Notices. Promptly after obtaining knowledge thereof,
notify the Administrative Agent:

 

(a)                                  of the occurrence of any Default; and

 

(b)                                 of any matter that has resulted or could
reasonably be expected to result in a Material Adverse Effect, including
arising out of or resulting from (i) breach or non-performance of, or any
default or event of default under, a Contractual Obligation of any Loan Party
or any Subsidiary, (ii) any dispute, litigation, investigation, proceeding or
suspension between any Loan Party or any Subsidiary and any Governmental
Authority, (iii) the commencement of, or any material development in, any
litigation or proceeding affecting any Loan Party or any Subsidiary, including
pursuant to any applicable Environmental Laws or in respect of IP Rights or the
assertion or occurrence of any noncompliance by any Loan Party or as any of its
Subsidiaries with, or liability under, any Environmental Law or Environmental
Permit, or (iv) the occurrence of any ERISA Event.

 

Each
notice pursuant to this Section shall be accompanied by a written statement of
a Responsible Officer of the Borrower (x) that such notice is being delivered
pursuant to Section 6.03(a) or (b) (as applicable) and (y) setting forth details
of the occurrence referred to therein and stating what action the Borrower has
taken and proposes to take with respect thereto.

 

Section 6.04                                Payment
of Obligations. Pay, discharge or
otherwise satisfy as the same shall become due and payable, all its obligations
and liabilities in respect of taxes, assessments and governmental charges or
levies imposed upon it or upon its income or profits or in 

 

110

 

respect of its property, except, in each
case, to the extent the failure to pay or discharge the same could not
reasonably be expected to have a Material Adverse Effect.

 

Section 6.05                                Preservation
of Existence, Etc. (a)  Preserve, renew and maintain in full force
and effect its legal existence under the Laws of the jurisdiction of its
organization except in a transaction permitted by Section 7.04 or 7.05 and (b)
take all reasonable action to maintain all rights, privileges (including its
good standing), permits, licenses and franchises necessary or desirable in the
normal conduct of its business, except (i) to the extent that failure to do so
could not reasonably be expected to have a Material Adverse Effect or (ii)
pursuant to a transaction permitted by Section 7.04 or 7.05.

 

Section 6.06                                Maintenance
of Properties. Except if the
failure to do so could not reasonably be expected to have a Material Adverse
Effect, (a) maintain, preserve and protect all of its material properties and
equipment necessary in the operation of its business in good working order,
repair and condition, ordinary wear and tear excepted and casualty or
condemnation excepted, and (b) make all necessary renewals, replacements,
modifications, improvements, upgrades, extensions and additions thereof or
thereto in accordance with prudent industry practice.

 

Section 6.07                                Maintenance
of Insurance. Maintain with
financially sound and reputable insurance companies, insurance with respect to
its properties and business against loss or damage of the kinds customarily
insured against by Persons engaged in the same or similar business, of such
types and in such amounts (after giving effect to any self-insurance reasonable
and customary for similarly situated Persons engaged in the same or similar
businesses as Holdings, Borrower and the Restricted Subsidiaries) as are
customarily carried under similar circumstances by such other Persons.

 

Section 6.08                                Compliance
with Laws. Comply in all material
respects with the requirements of all Laws and all orders, writs, injunctions
and decrees applicable to it or to its business or property, except if the
failure to comply therewith could not reasonably be expected to have a Material
Adverse Effect.

 

Section 6.09                                Books
and Records. Maintain proper books
of record and account, in which entries that are full, true and correct in all
material respects and are in conformity with GAAP consistently applied shall be
made of all material financial transactions and matters involving the assets
and business of Holdings or such Subsidiary, as the case may be.

 

Section 6.10                                Inspection
Rights. Permit representatives and
independent contractors of the Administrative Agent and each Lender to visit
and inspect any of its properties, to examine its corporate, financial and
operating records, and make copies thereof or abstracts therefrom, and to
discuss its affairs, finances and accounts with its directors, officers, and
independent public accountants, all at the reasonable expense of the Borrower
and at such reasonable times during normal business hours and as often as may
be reasonably desired, upon reasonable advance notice to the Borrower; provided that, excluding any such visits
and inspections during the continuation of an Event of Default, only the
Administrative Agent on behalf of the Lenders may exercise rights of the
Administrative Agent and the Lenders under this Section 6.10 and the
Administrative Agent shall not exercise such rights more often than two (2)
times during 

 

111

 

any calendar year absent the existence of an
Event of Default and only one (1) such time shall be at the Borrower’s expense;
provided  further that when an Event of Default
exists, the Administrative Agent or any Lender (or any of their respective
representatives or independent contractors) may do any of the foregoing at the
expense of the Borrower at any time during normal business hours and upon
reasonable advance notice. The Administrative Agent and the Lenders shall give
the Borrower the opportunity to participate in any discussions with Holdings’
independent public accountants.

 

Section 6.11                                Covenant
to Guarantee Obligations and Give Security. At the Borrower’s expense, take all action necessary or reasonably
requested by the Administrative Agent to ensure that the Collateral and
Guarantee Requirement continues to be satisfied, including:

 

(a)                                  upon the formation or acquisition of any new
direct or indirect wholly owned Domestic Subsidiary (in each case, other than
an Unrestricted Subsidiary or an Excluded Subsidiary) by any Loan Party or the
designation in accordance with Section 6.14 of any existing direct or indirect
wholly owned Domestic Subsidiary as a Restricted Subsidiary:

 

(i)                                     within thirty (30) days after such formation,
acquisition or designation or such longer period as the Administrative Agent may
agree in its discretion:

 

(A)           cause
each such Restricted Subsidiary that is required to become a Guarantor under
the Collateral and Guarantee Requirement to furnish to the Administrative Agent
a description of the real properties owned by such Restricted Subsidiary that
have a book value in excess of $5,000,000 in detail reasonably satisfactory to
the Administrative Agent;

 

(B)             cause
(x) each such Restricted Subsidiary that is required to become a Guarantor
pursuant to the Collateral and Guarantee Requirement to duly execute and
deliver to the Administrative Agent or the Collateral Agent (as appropriate)
Mortgages, Security Agreement Supplements, Intellectual Property Security
Agreements and other security agreements and documents (including, with respect
to Mortgages, the documents listed in Section 6.13(b)), as reasonably requested
by and in form and substance reasonably satisfactory to the Administrative
Agent (consistent with the Mortgages, Security Agreement, Intellectual Property
Security Agreements and other Collateral Documents in effect on the Closing
Date), in each case granting Liens required by the Collateral and Guarantee
Requirement and (y) each direct or indirect parent of each such Restricted
Subsidiary that is required to be a Guarantor pursuant to the Collateral and
Guarantee Requirement to duly execute and deliver to the Administrative Agent
such Security Agreement Supplements and other security agreements as reasonably
requested by and in form and substance reasonably satisfactory to the Administrative
Agent (consistent with the Security Agreements in effect on the Closing 

 

112

 

Date),
in each case granting Liens required by the Collateral and Guarantee Requirement;

 

(C)             (x)
cause each such Restricted Subsidiary that is required to become a Guarantor
pursuant to the Collateral and Guarantee Requirement to deliver any and all
certificates representing Equity Interests (to the extent certificated) that
are required to be pledged pursuant to the Collateral and Guarantee Requirement,
accompanied by undated stock powers or other appropriate instruments of
transfer executed in blank and instruments evidencing the intercompany
Indebtedness held by such Restricted Subsidiary and required to be pledged pursuant
to the Collateral Documents, indorsed in blank to the Collateral Agent and (y)
cause each direct or indirect parent of such Restricted Subsidiary that is
required to be a Guarantor pursuant to the Collateral and Guarantee Requirement
to deliver any and all certificates representing the outstanding Equity
Interests (to the extent certificated) of such Restricted Subsidiary that are
required to be pledged pursuant to the Collateral and Guarantee Requirement,
accompanied by undated stock powers or other appropriate instruments of
transfer executed in blank and instruments evidencing the intercompany
Indebtedness issued by such Restricted Subsidiary and required to be pledged in
accordance with the Collateral Documents, indorsed in blank to the Collateral
Agent;

 

(D)            take
and cause such Restricted Subsidiary and each direct or indirect parent of such
Restricted Subsidiary that is required to become a guarantor pursuant to the
Guarantee and Collateral Requirement to take whatever action (including the recording
of Mortgages, the filing of Uniform Commercial Code financing statements and
delivery of stock and membership interest certificates) may be necessary in the
reasonable opinion of the Administrative Agent to vest in the Administrative
Agent (or in any representative of the Administrative Agent designated by it)
valid Liens required by the Collateral and Guarantee Requirement, enforceable
against all third parties in accordance with their terms, except as such enforceability
may be limited by Debtor Relief Laws and by general principles of equity,

 

(ii)                                  within thirty (30) days after the request
therefor by the Administrative Agent, deliver to the Administrative Agent a
signed copy of an opinion, addressed to the Administrative Agent and the other
Secured Parties, of counsel for the Loan Parties reasonably acceptable to the
Administrative Agent as to such matters set forth in this Section 6.11(a) as
the Administrative Agent may reasonably request, and

 

(iii)                               as promptly as practicable after the request
therefor by the Administrative Agent, deliver to the Administrative Agent with
respect to each parcel of real property that is owned by such Restricted
Subsidiary and has a book value in excess of $5,000,000, any existing title
reports, surveys or environmental assessment reports.

 

113

 

(b)                                 (i) 
[reserved];

 

(ii)                                  the Borrower shall obtain the security
interests and Guarantees set forth on Schedule 1.01B on or prior to the
dates corresponding to such security interests and Guarantees set forth on Schedule
1.01B; and

 

(iii)                               after the Closing Date, promptly after (x)
the acquisition of any material personal property by any Loan Party or (y) the
acquisition of any owned real property by any Loan Party with a book value in
excess of $5,000,000, and if such personal property or owned real property
shall not already be subject to a perfected Lien pursuant to the Collateral and
Guarantee Requirement, the Borrower shall give notice thereof to the
Administrative Agent and promptly thereafter shall cause such assets to be
subjected to a Lien to the extent required by the Collateral and Guarantee
Requirement and will take, or cause the relevant Loan Party to take, such
actions as shall be necessary or reasonably requested by the Administrative
Agent to grant and perfect or record such Lien, including, as applicable, the
actions referred to in Section 6.13(b) with respect to real property.

 

Section 6.12                                Compliance
with Environmental Laws. Except, in
each case, to the extent that the failure to do so could not reasonably be expected
to have, individually or in the aggregate, a Material Adverse Effect, comply,
and take all reasonable actions to cause all lessees and other Persons
operating or occupying its properties to comply with all applicable
Environmental Laws and Environmental Permits; obtain and renew all Environmental
Permits necessary for its operations and properties; and, in each case to the
extent required by Environmental Laws, 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.

 

Section 6.13                                Further
Assurances and Post-Closing Conditions.

 

(a)                                  Promptly upon reasonable request by the
Administrative Agent (i) correct any material defect or error that may be
discovered in the execution, acknowledgment, filing or recordation of any
Collateral Document or other document or instrument relating to any Collateral,
and (ii) do, execute, acknowledge, deliver, record, re-record, file, re-file,
register and re-register any and all such further acts, deeds, certificates,
assurances and other instruments as the Administrative Agent may reasonably
request from time to time in order to carry out more effectively the purposes
of the Collateral Documents.

 

(b)                                 In the case of any real property referred to
in Section 6.11(b), provide the Administrative Agent with Mortgages with respect
to such owned real property within thirty (30) days of the acquisition of, or,
if requested by the Administrative Agent, entry into, or renewal of, a ground
lease in respect of, such real property in each case together with:

 

(i)                                     evidence that counterparts of the Mortgages
have been duly executed, acknowledged and delivered and are in form suitable
for filing or recording in all filing or recording offices that the
Administrative Agent may deem reasonably necessary or desirable in order to
create a valid and subsisting perfected Lien on the property and/or rights
described therein in favor of the Administrative Agent or the Collateral Agent
(as appropriate) for the 

 

114

 

benefit of the Secured Parties and that all
filing and recording taxes and fees have been paid or otherwise provided for in
a manner reasonably satisfactory to the Administrative Agent;

 

(ii)                                  fully paid American Land Title Association
Lender’s Extended Coverage title insurance policies or the equivalent or other
form available in each applicable jurisdiction (the “Mortgage Policies”) in form and substance, with endorsements
and in amount, reasonably acceptable to the Administrative Agent (not to exceed
the value of the real properties covered thereby), issued, coinsured and reinsured
by title insurers reasonably acceptable to the Administrative Agent, insuring
the Mortgages to be valid subsisting Liens on the property described therein,
free and clear of all defects and encumbrances, subject to Liens permitted by
Section 7.01, and providing for such other affirmative insurance (including
endorsements for future advances under the Loan Documents) and such coinsurance
and direct access reinsurance as the Administrative Agent may reasonably request;

 

(iii)                               opinions of local counsel for the Loan
Parties in states in which the real properties are located, with respect to the
enforceability and perfection of the Mortgages and any related fixture filings
in form and substance reasonably satisfactory to the Administrative Agent;

 

(iv)                              evidence that each such space lease contains
a provision reasonably acceptable to the Administrative Agent permitting a
collateral assignment with respect to such provisions; provided that the Administrative Agent
shall be permitted to waive this requirement if it is reasonably satisfied that
the Borrower has used its commercially reasonable efforts to comply with this requirement;
and

 

(v)                                 such other evidence that all other actions
that the Administrative Agent may reasonably deem necessary or desirable in
order to create valid and subsisting Liens on the property described in the
Mortgages has been taken.

 

Section 6.14                                Designation
of Subsidiaries. The board of
directors of Holdings may at any time designate any Restricted Subsidiary as an
Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted
Subsidiary; provided that (i)
immediately before and after such designation, no Default shall have occurred
and be continuing, (ii) immediately after giving effect to such designation,
Holdings, the Borrower and the Restricted Subsidiaries shall be in compliance,
on a Pro Forma Basis (it being understood that if such designation is to be
made effective prior to the date that the March 31, 2007 Test Period has become
effective, the level set forth in Section 7.11 for the March 31, 2007 Test
Period shall be deemed to apply), with the covenant set forth in Section 7.11
(and, as a condition precedent to the effectiveness of any such designation,
the Borrower shall deliver to the Administrative Agent a certificate setting
forth in reasonable detail the calculations demonstrating such compliance) and
(iii) no Subsidiary may be designated as an Unrestricted Subsidiary if it is a “Restricted
Subsidiary” for the purpose of any Junior Financing, as applicable. The
designation of any Subsidiary as an Unrestricted Subsidiary shall constitute an
Investment by Holdings therein at the date of designation in an amount equal to
the net book value of Holdings’ investment therein. The designation of any
Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the
incurrence at the time of designation of any Indebtedness or Liens of such
Subsidiary existing at such time.

 

115

 

Section 6.15                                Flood
Insurance. With respect to each
Mortgaged Property, obtain flood insurance in such total amount as the
Administrative Agent or the Required Lenders may from time to time reasonably
require, if at any time the area in which any improvements located on any
Mortgaged Property is designated a “flood hazard area” in any Flood Insurance
Rate Map published by the Federal Emergency Management Agency (or any successor
agency), and otherwise comply with the National Flood Insurance Program as set forth
in the Flood Disaster Protection Act of 1973, as amended from time to time.

 

Section 6.16                                Post-Closing
Matters.

 

To
the extent such items have not been delivered as of the First Amendment and Restatement
Effective Date, within ninety (90) days after the First Amendment and
Restatement Effective Date, unless waived or extended by the Collateral Agent
in its sole discretion, the applicable Loan Party shall deliver to the
Collateral Agent, with respect to the Mortgage encumbering Mortgaged Property entered
into prior to the First Amendment and Restatement Effective Date, an amendment
(the “Mortgage Amendment”) duly
executed and acknowledged by the applicable Loan Party, and in form for
recording in the recording office where such Mortgage was recorded, together
with such certificates, affidavits, questionnaires or returns as shall be
required in connection with the recording or filing thereof under applicable
law, in each case in form and substance reasonably satisfactory to the
Administrative Agent or Collateral Agent, together with:

 

(a)                                  a title endorsement to the existing Mortgage
Policy assuring the Collateral Agent that the Mortgage encumbering the
Mortgaged Property located at 5350 South Valentia Way, Greenwood Village,
Colorado, as amended by the Mortgage Amendment, is a valid and enforceable
first priority lien on such Mortgaged Property in favor of the Collateral Agent
for the benefit of the Secured Parties free and clear of all Liens except those
Liens created or permitted by this Agreement and the Collateral Documents or by
the Administrative Agent or Collateral Agent, and such endorsement to such Mortgage
Policy shall otherwise be in form and substance reasonably satisfactory to the
Administrative Agent or Collateral Agent;

 

(b)                                 to the extent reasonably requested by the
Administrative Agent or Collateral Agent, opinions of local counsel to the Loan
Parties, which opinions (x) shall be addressed to each Agent and each of
the Lenders, (y) shall cover the enforceability of the Mortgage as amended
by the Mortgage Amendment, and (z) shall be in form and substance
reasonably satisfactory to the Agents;

 

evidence
that all other actions, recordings and filings in connection with the Mortgage
Amendment that the Administrative Agent may deem reasonably necessary shall
have been taken, completed or otherwise provided for in a manner reasonably
satisfactory to the Administrative Agent.

 

116

 

ARTICLE VII

 

Negative Covenants

 

So
long as any Lender shall have any Commitment hereunder, any Loan or other
Obligation hereunder which is accrued and payable shall remain unpaid or
unsatisfied, or any Letter of Credit shall remain outstanding, Holdings and the
Borrower shall not, nor shall they permit any of their Restricted Subsidiaries
to, directly or indirectly:

 

Section 7.01                                Liens. Create, incur, assume or suffer to exist
any Lien upon any of its property, assets or revenues, whether now owned or
hereafter acquired, other than the following:

 

(a)                                  Liens pursuant to any Loan Document;

 

(b)                                 Liens existing on the Closing Date and listed
on Schedule 7.01(b) and any modifications, replacements, renewals or
extensions thereof; provided that
(i) the Lien does not extend to any additional property other than (A)
after-acquired property that is affixed or incorporated into the property
covered by such Lien or financed by Indebtedness permitted under Section 7.03,
and (B) proceeds and products thereof, and (ii) the renewal, extension or
refinancing of the obligations secured or benefited by such Liens is permitted
by Section 7.03;

 

(c)                                  Liens for taxes, assessments or governmental
charges which are not overdue for a period of more than thirty (30) days or
which are being contested in good faith and by appropriate proceedings diligently
conducted, if adequate reserves with respect thereto are maintained on the
books of the applicable Person in accordance with GAAP;

 

(d)                                 statutory Liens of landlords, carriers,
warehousemen, mechanics, materialmen, repairmen, construction contractors or other
like Liens arising in the ordinary course of business which secure amounts not
overdue for a period of more than thirty (30) days or if more than thirty (30)
days overdue, are unfiled and no other action has been taken to enforce such
Lien or which are being contested in good faith and by appropriate proceedings
diligently conducted, if adequate reserves with respect thereto are maintained
on the books of the applicable Person in accordance with GAAP;

 

(e)                                  (i) pledges or deposits in the ordinary course
of business in connection with workers’ compensation, unemployment insurance
and other social security legislation and (ii) pledges and deposits in the
ordinary course of business securing liability for reimbursement or
indemnification obligations of (including obligations in respect of letters of
credit or bank guarantees for the benefit of) insurance carriers providing
property, casualty or liability insurance to Holdings, the Borrower or any
Restricted Subsidiary;

 

(f)                                    deposits to secure the performance of bids,
trade contracts, governmental contracts and leases (other than Indebtedness for
borrowed money), statutory obligations, surety, stay, customs and appeal bonds,
performance bonds and other obligations of a like nature (including those to
secure health, safety and environmental obligations) incurred in the ordinary
course of business;

 

117

 

(g)                                 easements, rights-of-way, restrictions,
encroachments, protrusions and other similar encumbrances and minor title
defects affecting real property which, in the aggregate, do not in any case
materially interfere with the ordinary conduct of the business of the Borrower
or any material Subsidiary;

 

(h)                                 Liens securing judgments for the payment of
money not constituting an Event of Default under Section 8.01(h);

 

(i)                                     Liens securing Indebtedness permitted under
Section 7.03(e); provided that
(i) such Liens attach concurrently with or within two hundred and seventy (270)
days after the acquisition, repair, replacement, construction or improvement
(as applicable) of the property subject to such Liens, (ii) such Liens do not
at any time encumber any property except for accessions to such property other
than the property financed by such Indebtedness and the proceeds and the
products thereof and (iii) with respect to Capitalized Leases, such Liens do
not at any time extend to or cover any assets (except for accessions to such
assets) other than the assets subject to such Capitalized Leases; provided that individual financings of
equipment provided by one lender may be cross collateralized to other
financings of equipment provided by such lender;

 

(j)                                     leases, licenses, subleases or sublicenses
granted to others in the ordinary course of business which do not (i) interfere
in any material respect with the business of the Borrower or any material
Subsidiary or (ii) secure any Indebtedness;

 

(k)                                  Liens in favor of customs and revenue
authorities arising as a matter of law to secure payment of customs duties in
connection with the importation of goods in the ordinary course of business;

 

(l)                                     Liens (i) of a collection bank arising under
Section 4-210 of the Uniform Commercial Code on the items in the course of
collection, and (ii) in favor of a banking institution arising as a matter of
law encumbering deposits (including the right of set off) and which are within
the general parameters customary in the banking industry;

 

(m)                               Liens (i) on cash advances in favor of the
seller of any property to be acquired in an Investment permitted pursuant to
Section 7.02(i) or (n) to be applied against the purchase price for such
Investment, (ii) attaching to commodity trading accounts or other commodities
brokerage accounts incurred in the ordinary course of business and (iii)
consisting of an agreement to Dispose of any property in a Disposition
permitted under Section 7.05, in each case, solely to the extent such
Investment or Disposition, as the case may be, would have been permitted on the
date of the creation of such Lien;

 

(n)                                 Liens on property (i) of any Foreign
Subsidiary that is not a Loan Party and (ii) that does not constitute
Collateral, which Liens secure Indebtedness of the applicable Foreign
Subsidiary permitted under Section 7.03;

 

(o)                                 Liens in favor of the Borrower or a
Restricted Subsidiary securing Indebtedness permitted under Section 7.03(d);

 

(p)                                 Liens existing on property at the time of its
acquisition or existing on the property of any Person at the time such Person
becomes a Restricted Subsidiary (other than by 

 

118

 

designation
as a Restricted Subsidiary pursuant to Section 6.14), in each case after the
Closing Date (other than Liens on the Equity Interests of any Person that
becomes a Restricted Subsidiary) and the replacement, extension or renewal of
any Lien permitted by this clause (p) upon or in the same property previously
subject thereto in connection with the replacement, extension or renewal
(without increase in the amount or any change in any direct or contingent obligor)
of the amount or value secured thereby; provided
that (i) such Lien was not created in contemplation of such acquisition or such
Person becoming a Restricted Subsidiary, (ii) such Lien does not extend to or
cover any other assets or property (other than the proceeds or products thereof
and other than after-acquired property subjected to a Lien securing
Indebtedness and other obligations incurred prior to such time and which
Indebtedness and other obligations are permitted hereunder that require,
pursuant to their terms at such time, a pledge of after-acquired property, it
being understood that such requirement shall not be permitted to apply to any
property to which such requirement would not have applied but for such
acquisition), and (iii) the Indebtedness secured thereby is permitted under
Section 7.03(e), (g) or (k);

 

(q)                                 any interest or title of a lessor under
leases entered into by the Borrower or any of the Restricted Subsidiaries in
the ordinary course of business;

 

(r)                                    [Reserved];

 

(s)                                  Liens encumbering out of conditional sale,
title retention, consignment or similar arrangements for sale of goods entered
into by the Borrower or any of the Restricted Subsidiaries in the ordinary
course of business permitted by this Agreement;

 

(t)                                    Liens deemed to exist in connection with
Investments in repurchase agreements under Section 7.02 and reasonable
customary initial deposits and margin deposits and similar Liens attaching to
commodity trading accounts or other brokerage accounts incurred in the ordinary
course of business and not for speculative purposes;

 

(u)                                 Liens that are contractual rights of set-off
(i) relating to the establishment of depository relations with banks not given
in connection with the issuance of Indebtedness, (ii) relating to pooled deposit
or sweep accounts of Holdings, the Borrower or any Restricted Subsidiary to
permit satisfaction of overdraft or similar obligations incurred in the
ordinary course of business of Holdings, the Borrower and the Restricted
Subsidiaries or (iii) relating to purchase orders and other agreements entered
into with customers of Holdings, the Borrower or any Restricted Subsidiary in
the ordinary course of business;

 

(v)                                 Liens solely on any cash earnest money
deposits made by Holdings, the Borrower or any of the Restricted Subsidiaries
in connection with any letter of intent or purchase agreement permitted
hereunder;

 

(w)                               (i) Liens placed upon the Equity Interests of
any Restricted Subsidiary acquired pursuant to a Permitted Acquisition to
secure Indebtedness incurred pursuant to Section 7.03(g) in connection with
such Permitted Acquisition and (ii) Liens placed upon the assets of such
Restricted Subsidiary and any of its Subsidiaries to secure a Guarantee by such
Restricted Subsidiary and its Subsidiaries of any such Indebtedness incurred
pursuant to Section 7.03(g);

 

119

 

(x)                                   ground leases in respect of real property on
which facilities owned or leased by the Borrower or any of its Subsidiaries are
located;

 

(y)                                 Liens arising from precautionary Uniform
Commercial Code financing statement filings;

 

(z)                                   Liens on insurance policies and the proceeds
thereof securing the financing of the premiums with respect thereto.

 

(aa)                            other Liens securing Indebtedness outstanding
in an aggregate principal amount not to exceed $50,000,000.

 

Notwithstanding
the foregoing, no Liens on any IP Collateral shall be permitted at any time,
other than pursuant to Section 7.01(a), (b), (c), (h), (j), (m), (o), (p), (r),
(u)(iii) or (w), and no Liens (other than those referred to in Section 7.01(a))
shall be permitted on the Collateral consisting of the Equity Interests of the
Borrower or the Foreign Holdco.

 

Notwithstanding
the foregoing, no Liens shall be permitted to exist directly or indirectly on
any Mortgaged Property other than pursuant to clauses (a), (b), (c), (d), (g),
(h), (j), (p), (q) and (x) (to the extent, with reference to clause (j) of this
Section 7.01, the Borrower and the applicable Loan Party shall use commercially
reasonable efforts to cause such leases, licenses, subleases or sublicenses to
be subordinate to the lien of any Mortgage).

 

Section 7.02                                Investments. Make or hold any Investments, except:

 

(a)                                  Investments by the Borrower or a Restricted
Subsidiary in assets that were Cash Equivalents when such Investment was made;

 

(b)                                 loans or advances to officers, directors and
employees of Holdings, the Borrower and the Restricted Subsidiaries (i)  for reasonable and customary business-related
travel, entertainment, relocation and analogous ordinary business purposes,
(ii) in connection with such Person’s purchase of Equity Interests of Holdings
(or any direct or indirect parent thereof or after a Qualifying IPO, the
Borrower or any Intermediate Holding Company) (provided
that the amount of such loans and advances shall be contributed to the Borrower
in cash as common equity) and (iii) for purposes not described in the foregoing
clauses (i) and (ii), in an aggregate principal amount outstanding not to
exceed $5,000,000;

 

(c)                                  Investments (i) by Holdings, the Borrower or
any Restricted Subsidiary in any Loan Party (excluding any new Restricted
Subsidiary which becomes a Loan Party and excluding any Foreign Subsidiary),
(ii) by any Restricted Subsidiary that is not a Loan Party in any other such
Restricted Subsidiary that is also not a Loan Party and (iii) by the Borrower
or any Restricted Subsidiary (A) in any Foreign Subsidiary; provided that the aggregate amount of such
Investments in Foreign Subsidiaries that are not Loan Parties (together with,
but without duplication of, the aggregate consideration paid in respect of
Permitted Acquisitions of Persons that do not become Loan Parties pursuant to
Section 7.02(i)(B), but with giving effect to any Investment permitted by
Section 7.02(q)) shall not exceed $250,000,000 (net of any return representing
a return of capital in respect of any such Investment) or (B) in any Foreign
Subsidiary that is a Loan Party, consisting of the contribution of Equity
Interests of any other Foreign Subsidiary 

 

120

 

held
directly by the Borrower or such Restricted Subsidiary in exchange for
Indebtedness, Equity Interests or a combination thereof of the Foreign
Subsidiary to which such contribution is made, (C) in any Foreign Subsidiary,
constituting an exchange of Equity Interests of such Foreign Subsidiary for
Indebtedness of such Foreign Subsidiary or (D) constituting Guarantees of
Indebtedness or other monetary obligations of Foreign Subsidiaries owing to any
Loan Party, to the extent such Guarantees are permitted under Section 7.03 and
(iv) by any Foreign Subsidiary that is a Loan Party in any other Foreign
Subsidiary that is a Loan Party (other than any new Restricted Subsidiary that
becomes a Loan Party);

 

(d)                                 Investments consisting of extensions of
credit in the nature of accounts receivable or notes receivable arising from
the grant of trade credit in the ordinary course of business, and Investments
received in satisfaction or partial satisfaction thereof from financially
troubled account debtors and other credits to suppliers in the ordinary course
of business;

 

(e)                                  Investments consisting of Liens,
Indebtedness, fundamental changes, Dispositions and Restricted Payments
permitted under Sections 7.01, 7.03, 7.04, 7.05 and 7.06, respectively;

 

(f)                                    Investments (i) existing or contemplated on
the Closing Date and set forth on Schedule 7.02(f) and any modification,
replacement, renewal, reinvestment or extension thereof and (ii) existing on
the Closing Date by the Borrower or any Restricted Subsidiary in the Borrower
or any other Restricted Subsidiary and any modification, renewal or extension
thereof; provided that the amount
of any Investment permitted pursuant to this Section 7.02(f) is not materially
increased from the amount of such Investment on the Closing Date via the
transfer of assets from any of Holdings or any Subsidiary thereof to such
Investment;

 

(g)                                 Investments in Swap Contracts permitted under
Section 7.03;

 

(h)                                 promissory notes and other noncash consideration
received in connection with Dispositions permitted by Section 7.05;

 

(i)                                     the purchase or other acquisition of property
and assets or businesses of any Person or of assets constituting a business
unit, a line of business or division of such Person, or Equity Interests in a
Person that, upon the consummation thereof, will be a wholly owned Subsidiary
of Holdings (including as a result of a merger or consolidation); provided that, with respect to each purchase
or other acquisition made pursuant to this Section 7.02(i) (each, a “Permitted Acquisition”):

 

(A)           subject
to clause (B) below, a majority of all property, assets and businesses acquired
in such purchase or other acquisition shall constitute Collateral and each
applicable Loan Party and any such newly created or acquired Subsidiary (and,
to the extent required under the Collateral and Guarantee Requirement, the
Subsidiaries of such created or acquired Subsidiary) shall be Guarantors and
shall have complied with the requirements of Section 6.11, within the times
specified therein (for the avoidance of doubt, this clause (A) shall not
override any provisions of the Collateral and Guarantee Requirement);

 

121

 

(B)             the
aggregate amount of consideration paid in respect of acquisitions of Persons
that do not become Loan Parties (together with the aggregate amount of all
Investments in Foreign Subsidiaries that are not Loan Parties pursuant to
Section 7.02(c)(iii)(A), but with giving effect to any Investments permitted
under Section 7.02(q)) shall not exceed $250,000,000 (net of any return
representing a return of capital in respect of any such Investment);

 

(C)             the
acquired property, assets, business or Person is in the same line of business
as Holdings and the Subsidiaries, taken as a whole;

 

(D)            the
board of directors (or similar governing body) of the person to be so purchased
or acquired shall not have indicated publicly its opposition to the
consummation of such purchase or acquisition (which opposition has not been
publicly withdrawn);

 

(E)              (1)
immediately before and immediately after giving Pro Forma Effect to any such
purchase or other acquisition, no Default shall have occurred and be continuing
and (2) immediately after giving effect to such purchase or other acquisition,
Holdings, the Borrower and the Restricted Subsidiaries shall be in Pro Forma
Compliance with the covenant set forth in Section 7.11 for the Test Period in
effect at the time such purchase or other acquisition is to occur (it being understood
that if such purchase or other acquisition is to occur prior to the date that
the March 31, 2007 Test Period is effective, the level set forth in Section
7.11 for the March 31, 2007 Test Period shall be deemed to apply) and, in the
case of acquisitions the aggregate consideration which is in excess of
$25,000,000, evidenced by a certificate from the Chief Financial Officer of the
Borrower demonstrating such compliance calculation in reasonable detail; and

 

(F)              the
Borrower shall have delivered to the Administrative Agent, on behalf of the
Lenders, no later than five (5) Business Days after the date on which any such
purchase or other acquisition is consummated, a certificate of a Responsible
Officer, in form and substance reasonably satisfactory to the Administrative
Agent, certifying that all of the requirements set forth in this clause (i)
have been satisfied or will be satisfied on or prior to the consummation of
such purchase or other acquisition;

 

(j)                                     the Transaction;

 

(k)                                  Investments in the ordinary course of
business consisting of Article 3 endorsements for collection or deposit and
Article 4 customary trade arrangements with customers consistent with past
practices;

 

(l)                                     Investments (including debt obligations and
Equity Interests) received in connection with the bankruptcy or reorganization
of suppliers and customers or in settlement of 

 

122

 

delinquent
obligations of, or other disputes with, customers and suppliers arising in the
ordinary course of business or upon the foreclosure with respect to any secured
Investment or other transfer of title with respect to any secured Investment;

 

(m)                               loans and advances to Holdings (or any direct
or indirect parent thereof) in lieu of, and not in excess of the amount of
(after giving effect to any other loans, advances or Restricted Payments in
respect thereof), Restricted Payments to the extent permitted to be made to
Holdings (or such parent) in accordance with Section 7.06(h), (i) or (j);

 

(n)                                 so long as immediately after giving effect to
any such Investment, no Default has occurred and is continuing and Holdings,
the Borrower and the Restricted Subsidiaries will be in Pro Forma Compliance
with the covenant set forth in Section 7.11 for the Test Period in effect at
the time such Investment is being made (it being understood that if such
Investment is to be made prior to the date that the March 31, 2007 Test Period
is effective, the level set forth in Section 7.11 for the March 31, 2007 Test
Period shall be deemed to apply), other Investments that do not exceed
$250,000,000 in the aggregate, net of any return representing return of capital
in respect of any such investment and valued at the time of the making thereof;
provided that, such amount shall
be increased by (i) the Net Cash Proceeds of Permitted Equity Issuances (other
than Permitted Equity Issuances made pursuant to Section 8.05) that are Not Otherwise
Applied and (ii) if, as of the last day of the immediately preceding Test
Period (after giving Pro Forma Effect to such Investments) the Total Leverage
Ratio is 5.00:1 or less, the amount of Cumulative Excess Cash Flow that is Not
Otherwise Applied;

 

(o)                                 advances of payroll payments to employees in
the ordinary course of business;

 

(p)                                 Investments to the extent that payment for
such Investments is made solely with Qualified Equity Interests of Holdings (or
the Borrower or an Intermediate Holding Company after a Qualifying IPO of
Holdings, the Borrower or such Intermediate Holding Company);

 

(q)                                 Investments held by a Restricted Subsidiary
(acquired after the Closing Date or of a corporation merged into the Borrower
or merged or consolidated with a Restricted Subsidiary in accordance with
Section 7.04 after the Closing Date to the extent that such Investments were
not made in contemplation of or in connection with such acquisition, merger or
consolidation and were in existence on the date of such acquisition, merger or
consolidation;

 

(r)                                    Guarantees by Holdings, the Borrower or any
Restricted Subsidiary of leases (other than Capitalized Leases) or of other
obligations that do not constitute Indebtedness, in each case entered into in
the ordinary course of business;

 

provided that no Investment in an Unrestricted
Subsidiary that would otherwise be permitted under this Section 7.02 shall be
permitted hereunder to the extent that any portion of such Investment is used
to make any prepayments, redemptions, purchases, defeasances and other payments
in respect of Junior Financings.

 

Section 7.03                                Indebtedness. Create, incur, assume or suffer to exist
any Indebtedness, except:

 

123

 

(a)                                  Indebtedness of Holdings, the Borrower and
any of its Subsidiaries under the Loan Documents;

 

(b)                                 Indebtedness (i) outstanding on the Closing
Date and listed on Schedule 7.03(b), provided
that the letters of credit and surety bonds listed thereon must be backstopped
by a Letter of Credit issued hereunder and, other than in respect of any letter
of credit or any surety bond listed thereon or any drawing upon any such letter
of credit or surety bond, any Permitted Refinancing thereof; and (ii) intercompany
Indebtedness outstanding on the Closing Date;

 

(c)                                  Guarantees by Holdings, the Borrower and the
Restricted Subsidiaries in respect of Indebtedness of the Borrower or any
Restricted Subsidiary otherwise permitted hereunder (except that a Restricted
Subsidiary that is not a Loan Party may not, by virtue of this Section 7.03(c),
Guarantee Indebtedness that such Restricted Subsidiary could not otherwise
incur under this Section 7.03); provided
that (A) no Guarantee by any Restricted Subsidiary of any Note or Junior
Financing shall be permitted unless such Restricted Subsidiary shall have also
provided a Guarantee of the Obligations substantially on the terms set forth in
the Guaranty and (B) if the Indebtedness being Guaranteed is subordinated to
the Obligations, such Guarantee shall be subordinated to the Guarantee of the
Obligations on terms at least as favorable to the Lenders as those contained in
the subordination of such Indebtedness;

 

(d)                                 Indebtedness of the Borrower or any
Restricted Subsidiary owing to the Borrower or any other Restricted Subsidiary
to the extent constituting an Investment permitted by Section 7.02; provided that, all such Indebtedness of
any Loan Party owed to any Person that is not a Loan Party shall be subject to
the subordination terms set forth in Section 5.03 of the Security Agreement;

 

(e)                                  (i) Attributable Indebtedness and other
Indebtedness (including Capitalized Leases) financing the acquisition,
construction, repair, replacement or improvement of fixed or capital assets,
other than software; provided
that such Indebtedness is incurred concurrently with or within two hundred and
seventy (270) days after the applicable acquisition, construction, repair, replacement
or improvement, (ii) Attributable Indebtedness arising out of sale-leaseback
transactions permitted by Section 7.05(f) and (iii) any Permitted Refinancing
of any Indebtedness set forth in the immediately preceding clauses (i) and
(ii); provided that the aggregate
principal amount of Indebtedness outstanding at any one time pursuant to this
Section 7.03(e) shall not exceed 5% of Total Assets at such time;

 

(f)                                    Indebtedness in respect of Swap Contracts
designed to hedge against interest rates, foreign exchange rates or commodities
pricing risks incurred in the ordinary course of business and not for
speculative purposes;

 

(g)                                 Indebtedness of the Borrower, Foreign
Subsidiaries or Guarantors (i) assumed in connection with any Permitted
Acquisition or (ii) incurred to finance a Permitted Acquisition, in each case,
that is secured only by the assets or business acquired in the applicable
Permitted Acquisition (including any acquired Equity Interests) and so long as
both immediately prior and after giving effect thereto, (A) no Default shall
exist or result therefrom, (B) Holdings, the Borrower and the Restricted
Subsidiaries will be in Pro Forma Compliance with the covenant set forth in
Section 7.11 for the Test Period in effect at the time of the assumption or
incurrence 

 

124

 

of
such Indebtedness (it being understood that if such assumption or incurrence is
to occur prior to the date that the March 31, 2007 Test Period has become
effective, the level set forth in Section 7.11 for the March 31, 2007 Test
Period shall be deemed to apply), and (C) the aggregate principal amount of
such Indebtedness and all Indebtedness resulting from any Permitted Refinancing
thereof at any time outstanding pursuant to this paragraph (g) does not exceed
$100,000,000; provided that the
aggregate amount of Indebtedness outstanding at Persons that are not Loan
Parties pursuant to this clause (g) and clause (n) below shall not exceed
$100,000,000 at any one time;

 

(h)                                 (i) Indebtedness of Holdings, the Borrower
and the Restricted Subsidiaries (A) assumed in connection with any Permitted
Acquisition; provided that such
Indebtedness is not incurred in contemplation of such Permitted Acquisition, or
(B) incurred to finance a Permitted Acquisition and (ii) any Permitted
Refinancing of the foregoing; provided,
in each case that such Indebtedness and all Indebtedness resulting from any
Permitted Refinancing thereof (v) is unsecured, (w) both immediately prior and
after giving effect thereto, (1) no Default shall exist or result therefrom and
(2) Holdings, the Borrower and the Restricted Subsidiaries will be in Pro Forma
Compliance with the covenant set forth in Section 7.11 for the Test Period in
effect at the time of the assumption or incurrence of such Indebtedness (it
being understood that if such assumption or incurrence is to occur prior to the
date that the March 31, 2007 Test Period has become effective, the level set
forth in Section 7.11 for the March 31, 2007 Test Period shall be deemed to
apply), (x) matures after, and does not require any scheduled amortization or
other scheduled payments of principal prior to, the Maturity Date of the Term
Loans (it being understood that such Indebtedness may have mandatory
prepayment, repurchase or redemptions provisions satisfying the requirement of
clause (y) hereof); (y) has terms and conditions (other than interest rate,
redemption premiums and subordination terms), taken as a whole, that are not
materially less favorable to the Borrower as the terms and conditions of the
Notes as of the Closing Date; provided
that a certificate of a Responsible Officer delivered to the Administrative
Agent at least five Business Days prior to the incurrence of such Indebtedness,
together with a reasonably detailed description of the material terms and
conditions of such Indebtedness or drafts of the documentation relating
thereto, stating that the Borrower has determined in good faith that such terms
and conditions satisfy the foregoing requirement shall be conclusive evidence
that such terms and conditions satisfy the foregoing requirement unless the
Administrative Agent notifies the Borrower within such five Business Day period
that it disagrees with such determination (including a reasonable description
of the basis upon which it disagrees); and (z) with respect to such
Indebtedness described in the immediately preceding clause (B) or any Permitted
Refinancing thereof, is incurred by the Borrower or a Guarantor; provided further that notwithstanding
anything contained in the Loan Documents to the contrary, (a) the maximum
principal amount of all Indebtedness described in clause (A) of this paragraph
(together with any Permitted Refinancing of Indebtedness in respect thereof) with
respect to which a Restricted Subsidiary that is not a Guarantor may become
liable shall be $100,000,000 and (b) the only obligors with respect to any
Indebtedness incurred pursuant to clause (A) of this paragraph or any Permitted
Refinancing of Indebtedness in respect thereof shall be of those Persons who
were obligors of such Indebtedness immediately prior to such Permitted
Acquisition.

 

(i)                                     Indebtedness representing deferred
compensation to employees of the Borrower and the Restricted Subsidiaries incurred
in the ordinary course of business;

 

125

 

(j)                                     Indebtedness to current or former officers,
directors and employees, their respective estates, spouses or former spouses to
finance the purchase or redemption of Equity Interests of Holdings permitted by
Section 7.06;

 

(k)                                  Indebtedness incurred by Holdings, the
Borrower or the Restricted Subsidiaries in a Permitted Acquisition, any other
Investment expressly permitted hereunder or any Disposition to the extent
constituting indemnification obligations or obligations in respect of purchase
price or other similar adjustments;

 

(l)                                     Indebtedness consisting of obligations of
Holdings, the Borrower or the Restricted Subsidiaries under deferred
compensation or other similar arrangements incurred by such Person in
connection with the Transaction and Permitted Acquisitions or any other
Investment expressly permitted hereunder;

 

(m)                               Cash Management Obligations and other
Indebtedness in respect of netting services, overdraft protections and similar
arrangements in each case in connection with deposit accounts;

 

(n)                                 Indebtedness in an aggregate principal amount
not to exceed $250,000,000 at any time outstanding; provided that a maximum of $100,000,000 in aggregate
principal amount of such Indebtedness (less the aggregate principal amount of
Indebtedness of Foreign Subsidiaries that are not Guarantors outstanding at any
time under Section 7.03(g)) may be incurred by Foreign Subsidiaries that are
not Guarantors;

 

(o)                                 Indebtedness consisting of (a) the financing
of insurance premiums or (b) take-or-pay obligations contained in supply
arrangements, in each case, in the ordinary course of business;

 

(p)                                 Indebtedness incurred by the Borrower or any
of the Restricted Subsidiaries in respect of letters of credit, bank
guarantees, bankers’ acceptances or similar instruments issued or created in
the ordinary course of business, including in respect of workers compensation
claims, health, disability or other employee benefits or property, casualty or
liability insurance or self-insurance or other Indebtedness with respect to
reimbursement-type obligations regarding workers compensation claims; provided that any reimbursement
obligations in respect thereof are reimbursed within 30 days following the
incurrence thereof;

 

(q)                                 obligations in respect of performance, bid,
appeal and surety bonds and performance and completion guarantees and similar
obligations provided by the Borrower or any of the Restricted Subsidiaries or
obligations in respect of letters of credit, bank guarantees or similar
instruments related thereto, in each case in the ordinary course of business or
consistent with past practice;

 

(r)                                    [Reserved];

 

(s)                                  Indebtedness supported by a Letter of Credit,
in a principal amount not to exceed the face amount of such Letter of Credit;

 

126

 

(t)                                    Indebtedness in respect of the Notes and any
Permitted Refinancing thereof; and

 

(u)                                 all premiums (if any), interest (including
post-petition interest), fees, expenses, charges and additional or contingent
interest on obligations described in clauses (a) through (v) above.

 

Section 7.04                                Fundamental
Changes. Merge, dissolve,
liquidate, consolidate with or into another Person, or 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 or in favor of any Person,
except that:

 

(a)                                  any Restricted Subsidiary may merge with (i)
the Borrower (including a merger, the purpose of which is to reorganize the
Borrower into a new jurisdiction); provided
that (x) the Borrower shall be the continuing or surviving Person and (y) such
merger does not result in the Borrower ceasing to be incorporated under the
Laws of the United States, any state thereof or the District of Columbia, or
(ii) any one or more other Restricted Subsidiaries; provided that when any Restricted Subsidiary that is a Loan
Party is merging with another Restricted Subsidiary, a Loan Party shall be the
continuing or surviving Person;

 

(b)                                 (i) any Subsidiary that is not a Loan Party
may merge or consolidate with or into any other Subsidiary that is not a Loan
Party and (ii) any Subsidiary (other than the Borrower) may liquidate or
dissolve or change its legal form if Holdings determines in good faith that
such action is in the best interests of Holdings and its Subsidiaries and if
not materially disadvantageous to the Lenders;

 

(c)                                  any Restricted Subsidiary may Dispose of all
or substantially all of its assets (upon voluntary liquidation or otherwise) to
the Borrower or to another Restricted Subsidiary; provided that if the transferor in such a transaction is a
Guarantor or a Borrower, then (i) the transferee must either be the Borrower or
a Guarantor or (ii) to the extent constituting an Investment, such Investment
must be a permitted Investment in or Indebtedness of a Restricted Subsidiary
which is not a Loan Party in accordance with Sections 7.02 and 7.03,
respectively;

 

(d)                                 so long as no Default exists or would result
therefrom, the Borrower may merge with any other Person; provided that (i) the Borrower shall be
the continuing or surviving corporation or (ii) if the Person formed by or
surviving any such merger or consolidation is not the Borrower (any such Person,
the “Successor Borrower”), (A) the
Successor Borrower shall be an entity organized or existing under the laws of
the United States, any state thereof, the District of Columbia or any territory
thereof, (B) the Successor Borrower shall expressly assume all the obligations
of the Borrower under this Agreement and the other Loan Documents to which the
Borrower is a party pursuant to a supplement hereto or thereto in form
reasonably satisfactory to the Administrative Agent, (C) each Guarantor, unless
it is the other party to such merger or consolidation, shall have by a
supplement to the Guaranty confirmed that its Guarantee shall apply to the
Successor Borrower’s obligations under this Agreement, (D) each Guarantor,
unless it is the other party to such merger or consolidation, shall have by a
supplement to the Security Agreement confirmed that its obligations thereunder
shall apply to the Successor Borrower’s obligations under this Agreement, (E)
each mortgagor of a Mortgaged Property, unless it is the 

 

127

 

other
party to such merger or consolidation, shall have by an amendment to or
restatement of the applicable Mortgage confirmed that its obligations
thereunder shall apply to the Successor Borrower’s obligations under this
Agreement, and (F) the Borrower shall have delivered to the Administrative
Agent an officer’s certificate and an opinion of counsel, each stating that
such merger or consolidation and such supplement to this Agreement or any Collateral
Document comply with this Agreement; provided,
further, that if the foregoing
are satisfied, the Successor Borrower will succeed to, and be substituted for,
the Borrower under this Agreement;

 

(e)                                  so long as no Default exists or would result
therefrom, any Restricted Subsidiary may merge with any other Person in order
to effect an Investment permitted pursuant to Section 7.02; provided that the continuing or surviving
Person shall be a Restricted Subsidiary, which together with each of its
Restricted Subsidiaries, shall have complied with the requirements of Section
6.11;

 

(f)                                    so long as no Default exists or would result
therefrom and no material assets have been transferred to such Subsidiaries
from Holdings or any Subsidiary thereof from the Closing Date to the date of
such dissolution or liquidation, the Subsidiaries listed on Schedule 7.04(f)
may be dissolved or liquidated; and

 

(g)                                 so long as no Default exists or would result
therefrom, a merger, dissolution, liquidation, consolidation or Disposition,
the purpose of which is to effect a Disposition permitted pursuant to Section
7.05.

 

Section 7.05                                Dispositions. Make any Disposition or enter into any
agreement to make any Disposition, except:

 

(a)                                  Dispositions of obsolete or worn out
property, whether now owned or hereafter acquired, in the ordinary course of
business and Dispositions of property no longer used or useful in the conduct
of the business of the Borrower and the Restricted Subsidiaries;

 

(b)                                 Dispositions of inventory and immaterial
assets in the ordinary course of business;

 

(c)                                  Dispositions of property to the extent that
(i) such property is exchanged for credit against the purchase price of similar
replacement property that is promptly purchased or (ii) the proceeds of such
Disposition are promptly applied to the purchase price of such replacement
property (which replacement property is actually promptly purchased);

 

(d)                                 Dispositions of property to the Borrower or
to a Restricted Subsidiary; provided
that if the transferor of such property is a Guarantor or a Borrower (i) the
transferee thereof must either be a Borrower or a Guarantor or (ii) to the
extent such transaction constitutes an Investment, such transaction is
permitted under Section 7.02;

 

(e)                                  Dispositions permitted by Sections 7.04 and
7.06 and Liens permitted by Section 7.01;

 

(f)                                    Dispositions of property (other than IP
Collateral) pursuant to sale-leaseback transactions; provided that (i) with respect to such property owned by the
Borrower 

 

128

 

and
its Restricted Subsidiaries on the Closing Date, the fair market value of all
property so Disposed of after the Closing Date (taken together with the
aggregate book value of all property Disposed of pursuant to Section 7.05(j))
shall not exceed five percent (5%) of Total Assets per year and (ii) with
respect to such property acquired by the Borrower or any Restricted Subsidiary
after the Closing Date, the applicable sale-leaseback transaction occurs within
two hundred and seventy (270) days after the acquisition or construction (as
applicable) of such property;

 

(g)                                 Dispositions in the ordinary course of
business of Cash Equivalents;

 

(h)                                 leases, subleases, licenses or sublicenses
(including the provision of software under an open source license), in each
case in the ordinary course of business and which do not materially interfere
with the business of Holdings, the Borrower and the Restricted Subsidiaries;

 

(i)                                     transfers of property subject to Casualty
Events upon receipt of the Net Cash Proceeds of such Casualty Event;

 

(j)                                     Dispositions of property not otherwise
permitted under this Section 7.05; provided
that (i) at the time of such Disposition (other than any such Disposition made
pursuant to a legally binding commitment entered into at a time when no Default
exists), no Default shall exist or would result from such Disposition, (ii) the
aggregate book value of all property Disposed of in reliance on this clause (j)
(taken together with the aggregate fair market value of all property Disposed
of pursuant to Section 7.05(f)) shall not exceed five percent (5%) of Total
Assets per year and (iii) with respect to any Disposition pursuant to this
clause (j) for a purchase price in excess of $10,000,000, the Borrower or a
Restricted Subsidiary shall receive not less than 75% of such consideration in
the form of cash or Cash Equivalents (in each case, free and clear of all Liens
at the time received, other than nonconsensual Liens permitted by Section 7.01
and Liens permitted by Section 7.01(s) and clauses (i) and (ii) of Section
7.01(u)); provided, however, that for the purposes of this
clause (iii), (A) any liabilities (as shown on the Borrower’s or such Restricted
Subsidiary’s most recent balance sheet provided hereunder or in the footnotes
thereto) of the Borrower or such Restricted Subsidiary, other than liabilities
that are by their terms subordinated to the payment in cash of the Obligations,
that are assumed by the transferee with respect to the applicable Disposition
and for which the Borrower and all of the Restricted Subsidiaries shall have
been validly released by all applicable creditors in writing, (B) any
securities received by the Borrower or such Restricted Subsidiary from such
transferee that are converted by the Borrower or such Restricted Subsidiary
into cash (to the extent of the cash received) within 180 days following the
closing of the applicable Disposition and (C) any Designated Non-Cash
Consideration received by the Borrower or such Restricted Subsidiary in respect
of such Disposition having an aggregate fair market value, taken together with
all other Designated Non-Cash Consideration received pursuant to this clause
(C) that is at that time outstanding, not in excess of 2.5% of Total Assets (as
such term is defined in the Senior Notes Indenture as of the Closing Date) at
the time of the receipt of such Designated Non-Cash Consideration, with the
fair market value of each item of Designated Non-Cash Consideration being
measured at the time received and without giving effect to subsequent changes
in value, shall be deemed to be cash;

 

129

 

(k)                                  any Disposition of any Subsidiary listed on Schedule
7.05(k) so long as no material assets are transferred to any such
Subsidiary from Holdings or any Subsidiary thereof from the Closing Date to the
date of such Disposition;

 

(l)                                     Dispositions of Investments in joint ventures
to the extent required by, or made pursuant to customary buy/sell arrangements
between, the joint venture parties set forth in joint venture arrangements and
similar binding arrangements; and

 

(m)                               any Disposition of any Subsidiary listed on Schedule
7.05(m) to any wholly owned Subsidiary that is not a Loan Party so long as
no material assets are transferred to any such Subsidiary from Holdings or any
Subsidiary thereof from the Closing Date to the date of such Disposition;

 

provided that any Disposition of any property pursuant to this Section 7.05
(except pursuant to Sections 7.05(e) and (m) and except for Dispositions from a
Loan Party to another Loan Party), shall be for no less than the fair market
value of such property at the time of such Disposition. To the extent any
Collateral is Disposed of as expressly permitted by this Section 7.05 to any
Person other than Holdings, the Borrower or any Restricted Subsidiary, such
Collateral shall be sold free and clear of the Liens created by the Loan
Documents, and, if requested by the Administrative Agent, upon the
certification by the Borrower that such Disposition is permitted by this
Agreement, the Administrative Agent or the Collateral Agent, as applicable,
shall be authorized to take any actions deemed appropriate in order to effect
the foregoing.

 

Section 7.06                                Restricted
Payments. Declare or make, directly
or indirectly, any Restricted Payment, except:

 

(a)                                  each Restricted Subsidiary may make
Restricted Payments to Holdings, the Borrower and to other Restricted
Subsidiaries (and, in the case of a Restricted Payment by a non-wholly owned
Restricted Subsidiary, to Holdings, the Borrower and any other Restricted
Subsidiary and to each other owner of Equity Interests of such Restricted
Subsidiary based on their relative ownership interests of the relevant class of
Equity Interests);

 

(b)                                 Holdings, the Borrower and each Restricted
Subsidiary may declare and make dividend payments or other distributions
payable solely in the Equity Interests (other than Disqualified Equity
Interests not otherwise permitted by Section 7.03) of such Person;

 

(c)                                  [Reserved];

 

(d)                                 Restricted Payments made on the Closing Date
to consummate the Transaction;

 

(e)                                  to the extent constituting Restricted
Payments, Holdings, the Borrower and the Restricted Subsidiaries may enter into
and consummate transactions expressly permitted by any provision of Section 7.04
or 7.08 other than Section 7.08(f);

 

(f)                                    repurchases of Equity Interests in Holdings,
the Borrower or any Restricted Subsidiary deemed to occur upon exercise of
stock options or warrants if such Equity Interests represent a portion of the
exercise price of such options or warrants;

 

130

 

(g)                                 Holdings (or the Borrower or any Intermediate
Holding Company after a Qualifying IPO of Holdings, the Borrower or such
Intermediate Holding Company, as the case may be) may pay (or make Restricted
Payments to allow any direct or indirect parent thereof to pay) for the
repurchase, retirement or other acquisition or retirement for value of Equity
Interests of Holdings (or of any such parent of Holdings or of the Borrower or
any Intermediate Holding Company after a Qualifying IPO of Holdings, the
Borrower or such Intermediate Holding Company, as the case may be) by any
future, present or former employee or director of Holdings (or any direct or
indirect parent of Holdings) or any of its Subsidiaries pursuant to any
employee or director equity plan, employee or director stock option plan or any
other employee or director benefit plan or any agreement (including any stock
subscription or shareholder agreement) with any employee or director of
Holdings or any of its Subsidiaries; provided
that the aggregate amount of Restricted Payments made pursuant to this clause
(g) shall not exceed $20,000,000 in any calendar year (which shall increase to
$25,000,000 subsequent to the consummation of a Qualifying IPO of Holdings, the
Borrower or such Intermediate Holding Company, as the case may be) (with unused
amounts in any calendar year being carried over to succeeding calendar years
subject to a maximum (without giving effect to the following proviso) of
$25,000,000 in any calendar year (which shall increase to $50,000,000
subsequent to the consummation of a Qualifying IPO of Holdings, the Borrower or
such Intermediate Holding Company, as the case may be)); provided further that such amount in any
calendar year may be increased by an amount not to exceed:

 

(i)                                     the Net Cash Proceeds from the sale of Equity
Interests (other than Disqualified Equity Interests) of Holdings and, to the
extent contributed to Holdings, Equity Interests of any of Holdings’ direct or
indirect parent companies, in each case to members of management, directors or
consultants of Holdings, any of its Subsidiaries or any of its direct or
indirect parent companies that occurs after the Closing Date, to the extent the
Net Cash Proceeds from the sale of such Equity Interests have been Not Otherwise
Applied to the payment of Restricted Payments by virtue of Section 7.06(i); plus

 

(ii)                                  the Net Cash Proceeds of key man life
insurance policies received by Holdings or its Restricted Subsidiaries Not
Otherwise Applied; less

 

(iii)                               the amount of any Restricted Payments
previously made with the cash proceeds described in clauses (i) and (ii) of
this Section 7.06(g);

 

and
provided further that
cancellation of Indebtedness owing to Holdings from members of management of
Holdings, any of Holdings’ direct or indirect parent companies or any of
Holdings’ Restricted Subsidiaries in connection with a repurchase of Equity
Interests of Holdings or any of its direct or indirect parent companies will
not be deemed to constitute a Restricted Payment for purposes of this covenant
or any other provision of this Agreement;

 

(h)                                 the Borrower and its Restricted Subsidiaries
may make Restricted Payments to Holdings:

 

(i)                                     the proceeds of which will be used to pay (or
to make Restricted Payments to allow any direct or indirect parent of Holdings
to pay) the tax liability to each relevant jurisdiction 

 

131

 

in
respect of consolidated, combined, unitary or affiliated returns for the
relevant jurisdiction of Holdings (or such parent) attributable to Holdings,
the Borrower or its Subsidiaries determined as if the Borrower and its Subsidiaries
filed separately;

 

(ii)                                  the proceeds of which shall be used by
Holdings to pay (or to make Restricted Payments to allow any direct or indirect
parent of Holdings to pay) its operating expenses incurred in the ordinary
course of business and other corporate overhead costs and expenses (including
administrative, legal, accounting and similar expenses provided by third
parties), which are reasonable and customary and incurred in the ordinary
course of business, in an aggregate amount not to exceed $3,000,000 in any
fiscal year plus any reasonable and customary indemnification claims made by
directors or officers of Holdings (or any parent thereof) attributable to the
ownership or operations of the Borrower and its Subsidiaries;

 

(iii)                               the proceeds of which shall be used by
Holdings to pay franchise taxes and other fees, taxes and expenses required to
maintain its (or any of its direct or indirect parents’) corporate existence;

 

(iv)                              the proceeds of which shall be used by
Holdings to make Restricted Payments permitted by Section 7.06(g);

 

(v)                                 to finance any Investment permitted to be made
pursuant to Section 7.02; provided
that (A) such Restricted Payment shall be made substantially concurrently with
the closing of such Investment and (B) Holdings shall, immediately following
the closing thereof, cause (1) all property acquired (whether assets or Equity
Interests) to be contributed to the Borrower or its Restricted Subsidiaries or
(2) the merger (to the extent permitted in Section 7.04) of the Person formed
or acquired into the Borrower or its Restricted Subsidiaries in order to
consummate such Permitted Acquisition, in each case, in accordance with the
requirements of Section 6.11; and

 

(vi)                              the proceeds of which shall be used by
Holdings to pay (or to make Restricted Payments to allow any direct or indirect
parent thereof to pay) customary fees and expenses (other than to Affiliates)
related to any unsuccessful equity or debt offering permitted by this
Agreement;

 

(i)                                     in addition to the foregoing Restricted
Payments and so long as no Default shall have occurred and be continuing or
would result therefrom, the Borrower may make additional Restricted Payments to
Holdings the proceeds of which may be utilized by Holdings to make additional
Restricted Payments, in an aggregate amount, together with the aggregate amount
of (1) prepayments, redemptions, purchases, defeasances and other payments in
respect of Junior Financings made pursuant to Section 7.13(a)(iv) and (2) loans
and advances to Holdings made pursuant to Section 7.02(m) in lieu of Restricted
Payments permitted by this clause (i), not to exceed the sum of (i)
$100,000,000, (ii) the aggregate amount of the Net Cash Proceeds of Permitted
Equity Issuances (other than Permitted Equity Issuances made pursuant to
Section 8.05) that are Not Otherwise Applied and (iii) if the Total Leverage Ratio
as of the last day of the immediately preceding Test Period (after giving Pro
Forma Effect to such additional Restricted Payments) is 5.00:1 or less, the
amount of Cumulative Excess Cash Flow that is Not Otherwise Applied. For the
purpose of this Agreement, “Cumulative Excess
Cash Flow” 

 

132

 

means
the sum of Excess Cash Flow (but not less than zero in any period) for the
fiscal year ending on December 31, 2007 and Excess Cash Flow for each
succeeding and completed fiscal year (it being understood that no Excess Cash
Flow generated during any period shall be deemed to be Cumulative Excess Cash
Flow until the financial statements for such period are delivered pursuant to
Section 6.01(a)); and

 

(j)                                     Holdings or the Borrower may make Restricted
Payments with the proceeds of the issuance of Indebtedness of Holdings.

 

Section 7.07                                Change
in Nature of Business. Engage in
any material line of business substantially different from those lines of
business conducted by the Borrower and the Restricted Subsidiaries on the
Closing Date or any business reasonably related or ancillary thereto.

 

Section 7.08                                Transactions
with Affiliates. Enter into any
transaction of any kind with any Affiliate of the Borrower, whether or not in
the ordinary course of business, other than (a) transactions among Loan Parties
or any Restricted Subsidiary or any entity that becomes a Restricted Subsidiary
as a result of such transaction, (b) on terms substantially as favorable to
Holdings, the Borrower or such Restricted Subsidiary as would be obtainable by
Holdings, the Borrower or such Restricted Subsidiary at the time in a
comparable arm’s-length transaction with a Person other than an Affiliate, (c)
the payment of fees and expenses related to the Transaction, (d) the issuance
of Equity Interests to the management of Holdings or any of its Subsidiaries in
connection with the Transaction, (e) the payment of management and monitoring
fees to the Sponsor in an aggregate amount in any fiscal year not to exceed the
amount permitted to be paid pursuant to the Sponsor Management Agreement as in
effect on the Closing Date and any Sponsor Termination Fees not to exceed the
amount set forth in the Sponsor Management Agreement as in effect on the
Closing Date and related indemnities and reasonable expenses, (f) equity
issuances, repurchases, retirements or other acquisitions or retirements of
Equity Interests by Holdings permitted under Section 7.06, (g) loans and other
transactions by Holdings, the Borrower and the Restricted Subsidiaries to the
extent permitted under this Article 7, (h) employment and severance
arrangements between Holdings, the Borrower and the Restricted Subsidiaries and
their respective officers and employees in the ordinary course of business, (i)
payments by Holdings (and any direct or indirect parent thereof), the Borrower
and the Restricted Subsidiaries pursuant to the tax sharing agreements among
Holdings (and any such parent thereof), the Borrower and the Restricted Subsidiaries
on customary terms to the extent attributable to the ownership or operation of
the Borrower and the Restricted Subsidiaries, (j) the payment of customary fees
and reasonable out of pocket costs to, and indemnities provided on behalf of,
directors, officers and employees of Holdings, the Borrower and the Restricted
Subsidiaries in the ordinary course of business to the extent attributable to
the ownership or operation of Holdings, the Borrower and the Restricted
Subsidiaries, (k) transactions pursuant to permitted agreements in existence on
the Closing Date and set forth on Schedule 7.08 or any amendment thereto
to the extent such an amendment is not adverse to the Lenders in any material
respect, (l) dividends, redemptions and repurchases permitted under Section
7.06, and (m) customary payments by Holdings, the Borrower and any
Restricted Subsidiaries to the Sponsor made for any financial advisory,
financing, underwriting or placement services or in respect of other investment
banking activities (including in connection with acquisitions or divestitures),
which payments are approved by the majority of 

 

133

 

the members of the board of directors or a
majority of the disinterested members of the board of directors of Holdings in
good faith.

 

Section 7.09                                Burdensome
Agreements. Enter into or permit to
exist any Contractual Obligation (other than this Agreement or any other Loan
Document) that limits the ability of (a) any Restricted Subsidiary that is not
a Guarantor to make Restricted Payments to the Borrower or any Guarantor or (b)
the Borrower or any Loan Party to create, incur, assume or suffer to exist
Liens on property of such Person for the benefit of the Lenders with respect to
the Facilities and the Obligations or under the Loan Documents; provided that the foregoing clauses (a)
and (b) shall not apply to Contractual Obligations which (i) (x) exist on the
Closing Date and (to the extent not otherwise permitted by this Section 7.09)
are listed on Schedule 7.09 hereto and (y) to the extent Contractual
Obligations permitted by clause (x) are set forth in an agreement evidencing
Indebtedness, are set forth in any agreement evidencing any permitted renewal,
extension or refinancing of such Indebtedness so long as such renewal,
extension or refinancing does not expand the scope of such Contractual
Obligation, (ii) are binding on a Restricted Subsidiary at the time such
Restricted Subsidiary first becomes a Restricted Subsidiary, so long as such
Contractual Obligations were not entered into solely in contemplation of such
Person becoming a Restricted Subsidiary; provided
further that this clause (ii)
shall not apply to Contractual Obligations that are binding on a Person that
becomes a Restricted Subsidiary pursuant to Section 6.14, (iii) represent
Indebtedness of a Restricted Subsidiary which is not a Loan Party which is
permitted by Section 7.03, (iv) arise in connection with any Disposition
permitted by Section 7.05, (v) are customary provisions in joint venture agreements
and other similar agreements applicable to joint ventures permitted under
Section 7.02 and applicable solely to such joint venture entered into in the
ordinary course of business, (vi) are negative pledges and restrictions on
Liens in favor of any holder of Indebtedness permitted under Section 7.03 but
solely to the extent any negative pledge relates to the property financed by or
the subject of such Indebtedness (and excluding in any event any Indebtedness
constituting any Junior Financing), (vii) are customary restrictions on leases,
subleases, licenses or asset sale agreements otherwise permitted hereby so long
as such restrictions relate to the assets subject thereto, (viii) comprise
restrictions imposed by any agreement relating to secured Indebtedness
permitted pursuant to Section 7.03(e) or 7.03(g) to the extent that such
restrictions apply only to the property or assets securing such Indebtedness
or, in the case of Indebtedness incurred pursuant to Section 7.03(g) only, to
the Restricted Subsidiaries incurring or guaranteeing such Indebtedness, (ix)
are customary provisions restricting subletting or assignment of any lease
governing a leasehold interest of the Borrower or any Restricted Subsidiary,
(x) are customary provisions restricting assignment of any agreement entered
into in the ordinary course of business, and (xi) are restrictions on cash or
other deposits imposed by customers under contracts entered into in the
ordinary course of business.

 

Section 7.10                                Use
of Proceeds. Use the proceeds of
any Credit Extension, whether directly or indirectly, in a manner inconsistent
with the uses set forth in the preliminary statements to this Agreement.

 

Section 7.11                                Maximum
Total Leverage Ratio. Permit the
Total Leverage Ratio as of any date set forth below to be greater than the
ratio set forth below opposite such date:

 

134

 

	
  Fiscal Year

  	
   

  	
  March 31

  	
   

  	
  June 30

  	
   

  	
  September 30

  	
   

  	
  December 31

  	
   

  
	
  2007

  	
   

  	
  7.75:1

  	
   

  	
  7.60:1

  	
   

  	
  7.50:1

  	
   

  	
  7.25:1

  	
   

  
	
  2008

  	
   

  	
  7.25:1

  	
   

  	
  7.25:1

  	
   

  	
  7.00:1

  	
   

  	
  6.75:1

  	
   

  
	
  2009

  	
   

  	
  6.75:1

  	
   

  	
  6.75:1

  	
   

  	
  6.50:1

  	
   

  	
  6.00:1

  	
   

  
	
  2010

  	
   

  	
  6.00:1

  	
   

  	
  6.00:1

  	
   

  	
  5.75:1

  	
   

  	
  5.50:1

  	
   

  
	
  2011

  	
   

  	
  5.50:1

  	
   

  	
  5.50:1

  	
   

  	
  5.25:1

  	
   

  	
  5.00:1

  	
   

  
	
  2012

  	
   

  	
  5.00:1

  	
   

  	
  4.75:1

  	
   

  	
  4.50:1

  	
   

  	
  4.00:1

  	
   

  
	
  2013

  	
   

  	
  4.00:1

  	
   

  	
  3.75:1

  	
   

  	
  3.50:1

  	
   

  	
  3.25:1

  	
   

  
	
  Thereafter

  	
   

  	
  3.25:1

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

Section 7.12                                Accounting
Changes. Make any change in fiscal
year; provided, however, that Holdings may, upon written notice
to the Administrative Agent, change its fiscal year to any other fiscal year
reasonably acceptable to the Administrative Agent, in which case, the Borrower
and the Administrative Agent will, and are hereby authorized by the Lenders to,
make any adjustments to this Agreement that are necessary to reflect such
change in fiscal year.

 

Section 7.13                                Prepayments,
Etc. of Indebtedness.

 

(a)                                  Prepay, redeem, purchase, defease or
otherwise satisfy prior to the scheduled maturity thereof in any manner (it
being understood that payments of regularly scheduled interest shall be
permitted) the Senior Subordinated Notes, any subordinated Indebtedness
incurred under Section 7.03(h) or any other Indebtedness that is required to be
subordinated to the Obligations pursuant to the terms of the Loan Documents
(collectively, “Junior Financing”)
or make any payment in violation of any subordination terms of any Junior
Financing Documentation, except (i) the refinancing thereof with the Net Cash
Proceeds of any Indebtedness (to the extent such Indebtedness constitutes a
Permitted Refinancing and, if applicable, is permitted pursuant to Section
7.03(h)), to the extent not required to prepay any Loans or Facility pursuant
to Section 2.05(b), or of any Indebtedness of Holdings, (ii) the conversion of
any Junior Financing to Equity Interests (other than Disqualified Equity
Interests) of Holdings or any of its direct or indirect parents, (iii) the
prepayment of Indebtedness of the Borrower or any Restricted Subsidiary to the
Borrower or any Restricted Subsidiary to the extent permitted by the Collateral
Documents and (iv) prepayments, redemptions, purchases, defeasances and other
payments in respect of Junior Financings prior to their scheduled maturity in
an aggregate amount, together with the aggregate amount of (1) Restricted
Payments made pursuant to Section 7.06(i) and (2) loans and advances to
Holdings made pursuant to Section 7.02(m), not to exceed the sum of (i)
$100,000,000, (ii) the amount of the Net Cash Proceeds of Permitted Equity
Issuances (other than Permitted Equity Issuances made pursuant to Section 8.05)
made within eighteen (18) months prior thereto that are Not Otherwise Applied
and (iii) if, as of the last day of the immediately preceding Test Period
(after giving Pro Forma Effect to such prepayments, redemptions, purchases,
defeasances and other payments) the Total Leverage Ratio is 5.00:1 or less, the
amount of Cumulative Excess Cash Flow that is Not Otherwise Applied.

 

135

 

(b)                                 Amend, modify or change in any manner
materially adverse to the interests of the Lenders any term or condition of any
Junior Financing Documentation without the consent of the Arrangers.

 

Section 7.14                                Equity
Interests of the Borrower and Restricted Subsidiaries. Permit any Domestic Subsidiary that is a
Restricted Subsidiary to become a non-wholly owned Subsidiary, except to the
extent such Restricted Subsidiary continues to be a Guarantor or in connection
with a sale of all of such Restricted Subsidiary or the designation of an
Unrestricted Subsidiary pursuant to Section 6.14.

 

Section 7.15                                Holding
Company; Foreign Subsidiaries. In
the case of Holdings and Intermediate Parent, conduct, transact or otherwise
engage in any business or operations other than those incidental to (i) its
ownership of the Equity Interests of the Borrower and the Foreign Holdco or
other Foreign Subsidiaries, (ii) the maintenance of its legal existence, (iii)
the performance of the Loan Documents, the Purchase Agreement and the other
agreements contemplated by the Purchase Agreement, (iv) any public offering of
its common stock or any other issuance of its Equity Interests not prohibited
by Article 7 or (v) any transaction that Holdings or Intermediate Parent is
permitted to enter into or consummate under this Article 7.

 

ARTICLE VIII

 

Events Of Default and Remedies

 

Section 8.01                                Events
of Default. Any of the following
events referred to in any of clauses (a) through (m) inclusive of this Section
8.01 shall constitute an “Event of Default”:

 

(a)                                  Non-Payment. The Borrower or any other Loan Party fails
to pay (i) when and as required to be paid herein, any amount of principal of
any Loan, or (ii) within five (5) Business Days after the same becomes due, any
interest on any Loan or any other amount payable hereunder or with respect to
any other Loan Document; or

 

(b)                                 Specific Covenants. Holdings or the Borrower fails to perform
or observe any term, covenant or agreement contained in any of Sections 6.03(a)
or 6.05(a) (solely with respect to Holdings and the Borrower) or Article 7; provided that any Event of Default under
Section 7.11 is subject to cure as contemplated by Section 8.05; or

 

(c)                                  Other Defaults. Any Loan Party fails to perform or observe
any other covenant or agreement (not specified in Section 8.01(a) or (b) above)
contained in any Loan Document on its part to be performed or observed and such
failure continues for thirty (30) days after notice thereof by the Administrative
Agent to the Borrower; or

 

(d)                                 Representations and
Warranties. Any
representation, warranty, certification or statement of fact made or deemed
made by or on behalf of the Borrower or any other Loan Party herein, in any
other Loan Document, or in any document required to be delivered in connection
herewith or therewith shall be incorrect or misleading in any material respect
when made or deemed made; or

 

136

 

(e)                                  Cross-Default. Any Loan Party or any Restricted Subsidiary
(A) fails to make any payment beyond the applicable grace period with respect
thereto, if any (whether by scheduled maturity, required prepayment,
acceleration, demand, or otherwise) in respect of any Indebtedness (other than
Indebtedness hereunder) having an aggregate principal amount of not less than
the Threshold Amount, or (B) fails to observe or perform any other agreement or
condition relating to any such Indebtedness, or any other event occurs (other
than, with respect to Indebtedness consisting of Secured Hedge Agreements, termination
events or equivalent events pursuant to the terms of such Secured Hedge
Agreements), the effect of which default or other event is to cause, or to
permit the holder or holders of such Indebtedness (or a trustee or agent on
behalf of such holder or holders or beneficiary or beneficiaries) to cause,
with the giving of notice if required, such Indebtedness to become due or to be
repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an
offer to repurchase, prepay, defease or redeem such Indebtedness to be made,
prior to its stated maturity; provided
that this clause (e)(B) shall not apply to secured Indebtedness that becomes
due as a result of the voluntary sale or transfer of the property or assets
securing such Indebtedness, if such sale or transfer is permitted hereunder and
under the documents providing for such Indebtedness; or

 

(f)                                    Insolvency Proceedings, Etc. Any Loan Party or any of the Restricted
Subsidiaries institutes or consents to the institution of any proceeding under
any Debtor Relief Law, or makes an assignment for the benefit of creditors; or
applies for or consents to the appointment of any receiver, trustee, custodian,
conservator, liquidator, rehabilitator, administrator, administrative receiver
or similar officer for it or for all or any material part of its property; or
any receiver, trustee, custodian, conservator, liquidator, rehabilitator, administrator,
administrative receiver or similar officer is appointed without the application
or consent of such Person and the appointment continues undischarged or
unstayed for sixty (60) calendar days; or any proceeding under any Debtor
Relief Law relating to any such Person or to all or any material part of its
property is instituted without the consent of such Person and (x) continues
undismissed or unstayed for sixty (60) calendar days, or an order for relief is
entered in any such proceeding; or

 

(g)                                 Inability to Pay Debts;
Attachment. (i) Any Loan
Party or any Restricted Subsidiary becomes unable or admits in writing its
inability or fails generally to pay its debts in excess of the Threshold Amount
as they become due, or (ii) any writ or warrant of attachment or execution or
similar process is issued or levied against all or any material part of the
property of the Loan Parties, taken as a whole, and is not released, vacated or
fully bonded within sixty (60) days after its issue or levy; or

 

(h)                                 Judgments. There is entered against any Loan Party or
any Restricted Subsidiary a final judgment or order for the payment of money in
an aggregate amount exceeding the Threshold Amount (to the extent not covered
by independent third-party insurance as to which the insurer has been notified
of such judgment or order and has not denied or failed to acknowledge coverage
thereof) and such judgment or order shall not have been satisfied, vacated,
discharged or stayed or bonded pending an appeal for a period of sixty (60)
consecutive days; or

 

(i)                                     ERISA. (i) 
An ERISA Event occurs with respect to a Pension Plan or Multiemployer
Plan which has resulted or could reasonably be expected to result in liability
of any Loan Party under Title IV of ERISA in an aggregate amount which could
reasonably be expected to result in a Material Adverse Effect, (ii) any Loan
Party or any ERISA Affiliate fails to 

 

137

 

pay
when due, after the expiration of any applicable grace period, any installment
payment with respect to its withdrawal liability under Section 4201 of ERISA
under a Multiemployer Plan in an aggregate amount which could reasonably be
expected to result in a Material Adverse Effect, or (iii) a termination,
withdrawal or noncompliance with applicable law or plan terms or termination,
withdrawal or other event similar to an ERISA Event occurs with respect to a
Foreign Plan that could reasonably be expected to result in a Material Adverse
Effect; or

 

(j)                                     Invalidity of Loan Documents. Any material provision of any Loan
Document, at any time after its execution and delivery and for any reason other
than as expressly permitted hereunder or thereunder (including as a result of a
transaction permitted under Section 7.04 or 7.05) or as a result of acts or
omissions by the Administrative Agent or any Lender or the satisfaction in full
of all the Obligations, ceases to be in full force and effect; or any Loan
Party contests in writing the validity or enforceability of any provision of
any Loan Document; or any Loan Party denies in writing that it has any or
further liability or obligation under any Loan Document (other than as a result
of repayment in full of the Obligations and termination of the Aggregate
Commitments), or purports in writing to revoke or rescind any Loan Document; or

 

(k)                                  Change of Control. There occurs any Change of Control; or

 

(l)                                     Collateral Documents. (i) Any Collateral Document after delivery
thereof pursuant to Section 4.01 of the Original Credit Agreement or 6.11 shall
for any reason (other than pursuant to the terms thereof including as a result
of a transaction permitted under Section 7.04 or 7.05) cease to create a valid
and perfected lien, with the priority required by the Collateral Documents, (or
other security purported to be created on the applicable Collateral) on and
security interest in any material portion of the Collateral purported to be
covered thereby, subject to Liens permitted under Section 7.01, except to the
extent that any such loss of perfection or priority results from the failure of
the Administrative Agent or the Collateral Agent to maintain possession of
certificates actually delivered to it representing securities pledged under the
Collateral Documents or to file Uniform Commercial Code continuation statements
and except as to Collateral consisting of real property to the extent that such
losses are covered by a lender’s title insurance policy and such insurer has
not denied or failed to acknowledge coverage, or (ii) any of the Equity
Interests of the Borrower ceasing to be pledged pursuant to the Security
Agreement free of Liens other than Liens created by the Security Agreement or
any nonconsensual Liens arising solely by operation of Law; or

 

(m)                               Junior Financing
Documentation. (i) Any of
the Obligations of the Loan Parties under the Loan Documents for any reason
shall cease to be “Senior Indebtedness” (or any comparable term) or “Senior
Secured Financing” (or any comparable term) under, and as defined in any Junior
Financing Documentation or (ii) the subordination provisions set forth in any
Junior Financing Documentation shall, in whole or in part, cease to be
effective or cease to be legally valid, binding and enforceable against the
holders of any Junior Financing, if applicable.

 

Section 8.02                                Remedies
Upon Event of Default. If any Event
of Default occurs and is continuing, the Administrative Agent may and, at the
request of the Required Lenders, shall take any or all of the following
actions:

 

138

 

(a)                                  declare the commitment of each Lender to make
Loans and any obligation of the L/C Issuers to make L/C Credit Extensions to be
terminated, whereupon such commitments and obligation shall be terminated;

 

(b)                                 declare the unpaid principal amount of all
outstanding Loans, all interest accrued and unpaid thereon, and all other
amounts owing or payable hereunder or under any other Loan Document to be
immediately due and payable, without presentment, demand, protest or other
notice of any kind, all of which are hereby expressly waived by the Borrower;

 

(c)                                  require that the Borrower Cash Collateralize
the Revolving L/C Obligations (in an amount equal to the then Outstanding
Amount thereof); and

 

(d)                                 exercise on behalf of itself and the Lenders
all rights and remedies available to it and the Lenders under the Loan
Documents or applicable Law;

 

provided that upon the occurrence of an actual or deemed entry of an order for
relief with respect to the Borrower under the Bankruptcy Code of the United
States, the obligation of each Lender to make Loans and any obligation of the
L/C Issuers to make L/C Credit Extensions shall automatically terminate, the unpaid
principal amount of all outstanding Loans and all interest and other amounts as
aforesaid shall automatically become due and payable, and the obligation of the
Borrower to Cash Collateralize the L/C Obligations as aforesaid shall
automatically become effective, in each case without further act of the Administrative
Agent or any Lender.

 

Section 8.03                                Exclusion
of Immaterial Subsidiaries. Solely
for the purpose of determining whether a Default has occurred under clause (f)
or (g) of Section 8.01, any reference in any such clause to any Restricted
Subsidiary or Loan Party shall be deemed not to include any Restricted
Subsidiary affected by any event or circumstances referred to in any such
clause that did not, as of the last day of the most recent completed fiscal
quarter of Holdings, have assets with a value in excess of 5% of the
consolidated total assets of Holdings, Borrower and the Restricted Subsidiaries
and did not, as of the four quarter period ending on the last day of such
fiscal quarter, have revenues exceeding 5% of the total revenues of Holdings,
the Borrower and the Restricted Subsidiaries (it being agreed that all
Restricted Subsidiaries affected by any event or circumstance referred to in
any such clause shall be considered together, as a single consolidated
Restricted Subsidiary, for purposes of determining whether the condition
specified above is satisfied).

 

Section 8.04                                Application
of Funds. After the exercise of
remedies provided for in Section 8.02 (or after the Loans have automatically
become immediately due and payable and the L/C Obligations have automatically
been required to be Cash Collateralized as set forth in the proviso to Section
8.02), any amounts received on account of the Obligations shall be applied by
the Administrative Agent in the following order:

 

First, to payment of that portion of the
Obligations constituting fees, indemnities, expenses and other amounts (other
than principal and interest, but including Attorney Costs payable under Section
10.04 and amounts payable under Article 3) payable to the Administrative Agent
in its capacity as such;

 

139

 

Second, to payment of that portion of the
Obligations constituting fees, indemnities and other amounts (other than
principal and interest) payable to the Lenders (including Attorney Costs
payable under Section 10.05 and amounts payable under Article 3), ratably among
them in proportion to the amounts described in this clause Second payable to
them;

 

Third, to payment of that portion of the
Obligations constituting accrued and unpaid interest on the Loans and L/C
Borrowings, ratably among the Lenders in proportion to the respective amounts
described in this clause Third payable to them;

 

Fourth, to payment of that portion of the
Obligations constituting unpaid principal of the Loans and L/C Borrowings, the
Swap Termination Value under Secured Hedge Agreements and the Cash Management
Obligations, ratably among the Secured Parties in proportion to the respective
amounts described in this clause Fourth held by them;

 

Fifth, to the Administrative Agent for the account
of the L/C Issuers, to Cash Collateralize that portion of L/C Obligations
comprised of the aggregate undrawn amount of Letters of Credit;

 

Sixth, to the payment of all other Obligations of
the Loan Parties that are due and payable to the Administrative Agent and the
other Secured Parties on such date, ratably based upon the respective aggregate
amounts of all such Obligations owing to the Administrative Agent and the other
Secured Parties on such date; and

 

Last, the balance, if any, after all of the
Obligations have been indefeasibly paid in full, to the Borrower or as otherwise
required by Law.

 

Subject
to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn
amount of Letters of Credit pursuant to clause Fifth above shall be applied to
satisfy drawings under such Letters of Credit as they occur. If any amount
remains on deposit as Cash Collateral after all Letters of Credit have either
been fully drawn or expired, such remaining amount shall be applied to the
other Obligations, if any, in the order set forth above and, if no Obligations
remain outstanding, to the Borrower.

 

Section 8.05                                Borrower’s
Right to Cure.

 

(a)                                  Notwithstanding anything to the contrary
contained in Section 8.01, in the event of any Event of Default resulting from
a violation of the covenant set forth in Section 7.11 and until the expiration
of the tenth (10th) day after the date on which financial statements are
required to be delivered with respect to the applicable fiscal quarter
hereunder, Holdings or an Intermediate Holding Company (or, following a
Qualifying IPO, the Borrower) may engage in a Permitted Equity Issuance to any
of the Equity Investors and apply the amount of the Net Cash Proceeds thereof
to increase Consolidated EBITDA with respect to such applicable quarter; provided that such Net Cash Proceeds (i)
are actually received by the Borrower through capital contribution of such Net
Cash Proceeds by Holdings or an Intermediate Holding Company to the Borrower no
later than ten (10) days after the date on which financial statements are required
to be delivered with respect to such fiscal quarter hereunder, (ii) are Not
Otherwise Applied and (iii) do not exceed the aggregate amount necessary to
cure such Event of Default from a violation 

 

140

 

of
the covenant set forth in Section 7.11 for any applicable period. The parties
hereby acknowledge that this Section 8.05(a) may not be relied on for purposes
of calculating any financial ratios other than as applicable to Section 7.11
and shall not result in any adjustment to any amounts other than the amount of
the Consolidated EBITDA referred to in the immediately preceding sentence.

 

(b)                                 In each period of four fiscal quarters, there
shall be at least two (2) consecutive fiscal quarters in which no cure set
forth in Section 8.05(a) is made.

 

ARTICLE IX

 

Administrative Agent and Other Agents

 

Section 9.01                                Appointment
and Authorization of Agents.

 

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

 

(b)                                 Each L/C Issuer shall act on behalf of the
Lenders with respect to any Letters of Credit issued by it and the documents
associated therewith, and each such L/C Issuer shall have all of the benefits
and immunities (i) provided to the Agents in this Article 9 with respect to any
acts taken or omissions suffered by such L/C Issuer in connection with Letters
of Credit issued by it or proposed to be issued by it and the applications and
agreements for letters of credit pertaining to such Letters of Credit as fully
as if the term “Agent” as used in this Article 9 and in the definition of “Agent-Related
Person” included such L/C Issuer with respect to such acts or omissions, and
(ii) as additionally provided herein with respect to such L/C Issuer.

 

(c)                                  The Administrative Agent shall also act as
the “collateral agent” under the Loan Documents, and each of the Lenders (in
its capacities as a Lender, Swing Line Lender (if applicable), L/C Issuer (if
applicable) and a potential Hedge Bank) hereby irrevocably appoints and
authorizes the Administrative Agent to act as the agent of (and to hold any
security interest created by the Collateral Documents for and on behalf of or
on trust for) such Lender for purposes of acquiring, holding and enforcing any
and all Liens on Collateral granted by any of the 

 

141

 

Loan
Parties to secure any of the Obligations, together with such powers and
discretion as are reasonably incidental thereto. In this connection, the
Administrative Agent, as “collateral agent” (and any co-agents, sub-agents and
attorneys-in-fact appointed by the Administrative Agent pursuant to Section
9.02 for purposes of holding or enforcing any Lien on the Collateral (or any
portion thereof) granted under the Collateral Documents, or for exercising any
rights and remedies thereunder at the direction of the Administrative Agent),
shall be entitled to the benefits of all provisions of this Article 9
(including Section 9.07, as though such co-agents, sub-agents and
attorneys-in-fact were the “collateral agent” under the Loan Documents) as if
set forth in full herein with respect thereto.

 

(d)                                 The Administrative Agent shall also act as
the deposit account agent for the Post-First Amendment and Restatement
Synthetic L/C Issuer and the Post-First Amendment and Restatement Synthetic L/C
Lenders, and each of the Post-First Amendment and Restatement Synthetic L/C
Lenders (in its capacities as a Lender and Post-First Amendment and Restatement
Synthetic L/C Issuer (if applicable)) hereby irrevocably appoints and
authorizes the Administrative Agent to act as the agent of and to take such
actions on its behalf and to exercise such powers and discretion as are
reasonably incidental thereto.

 

Section 9.02                                Delegation
of Duties. The Administrative Agent
may execute any of its duties under this Agreement or any other Loan Document
(including for purposes of holding or enforcing any Lien on the Collateral (or
any portion thereof) granted under the Collateral Documents or of exercising
any rights and remedies thereunder) by or through agents, employees or
attorneys-in-fact including for the purpose of any Borrowing or payment in
Alternative Currencies, such sub-agents as shall be deemed necessary by the
Administrative Agent and shall be entitled to advice of counsel and other
consultants or experts concerning all matters pertaining to such duties. The
Administrative Agent shall not be responsible for the negligence or misconduct
of any agent or sub-agent or attorney-in-fact that it selects in the absence of
gross negligence or willful misconduct (as determined in the final judgment of
a court of competent jurisdiction).

 

Section 9.03                                Liability
of Agents. No Agent-Related Person
shall (a) be liable for any action taken or omitted to be taken by any of them
under or in connection with this Agreement or any other Loan Document or the
transactions contemplated hereby (except for its own gross negligence or
willful misconduct, as determined by the final judgment of a court of competent
jurisdiction, in connection with its duties expressly set forth herein), or (b)
be responsible in any manner to any Lender or participant for any recital,
statement, representation or warranty made by any Loan Party or any officer
thereof, contained herein or in any other Loan Document, or in any certificate,
report, statement or other document referred to or provided for in, or received
by the Administrative Agent under or in connection with, this Agreement or any
other Loan Document, or the validity, effectiveness, genuineness,
enforceability or sufficiency of this Agreement or any other Loan Document, or
the perfection or priority of any Lien or security interest created or
purported to be created under the Collateral Documents, or for any failure of
any Loan Party or any other party to any Loan Document to perform its
obligations hereunder or thereunder. No Agent-Related Person shall be under any
obligation to any Lender or participant to ascertain or to inquire as to the
observance or performance of any of the agreements contained in, or conditions
of, this Agreement or any other Loan Document, or to inspect the properties,
books or records of any Loan Party or any Affiliate thereof.

 

142

 

Section 9.04                                Reliance
by Agents.

 

(a)                                  Each Agent shall be entitled to rely, and
shall be fully protected in relying, upon any writing, communication,
signature, resolution, representation, notice, consent, certificate, affidavit,
letter, telegram, facsimile, telex or telephone message, electronic mail
message, statement or other document or conversation believed by it to be
genuine and correct and to have been signed, sent or made by the proper Person
or Persons, and upon advice and statements of legal counsel (including counsel
to any Loan Party), independent accountants and other experts selected by such
Agent. Each Agent shall be fully justified in failing or refusing to take any
action under any Loan Document unless it shall first receive such advice or
concurrence of the Required Lenders as it deems appropriate and, if it so
requests, it shall first be indemnified to its satisfaction by the Lenders
against any and all liability and expense which may be incurred by it by reason
of taking or continuing to take any such action. Each Agent shall in all cases
be fully protected in acting, or in refraining from acting, under this
Agreement or any other Loan Document in accordance with a request or consent of
the Required Lenders (or such greater number of Lenders as may be expressly
required hereby in any instance) and such request and any action taken or
failure to act pursuant thereto shall be binding upon all the Lenders.

 

(b)                                 For purposes of determining compliance with
the conditions specified in Section 4.01, each Lender that has signed this
Agreement shall be deemed to have consented to, approved or accepted or to be
satisfied with, each document or other matter required thereunder to be
consented to or approved by or acceptable or satisfactory to a Lender unless
the Administrative Agent shall have received notice from such Lender prior to
the proposed First Amendment and Restatement Effective Date specifying its
objection thereto.

 

Section 9.05                                Notice
of Default. The Administrative
Agent shall not be deemed to have knowledge or notice of the occurrence of any
Default, except with respect to defaults in the payment of principal, interest
and fees required to be paid to the Administrative Agent for the account of the
Lenders, unless the Administrative Agent shall have received written notice
from a Lender or the Borrower referring to this Agreement, describing such
Default and stating that such notice is a “notice of default.”  The Administrative Agent will notify the
Lenders of its receipt of any such notice. The Administrative Agent shall take
such action with respect to any Event of Default as may be directed by the
Required Lenders in accordance with Article 8; provided
that unless and until the Administrative Agent has received any such direction,
the Administrative Agent may (but shall not be obligated to) take such action,
or refrain from taking such action, with respect to such Event of Default as it
shall deem advisable or in the best interest of the Lenders.

 

Section 9.06                                Credit
Decision; Disclosure of Information by Agents. Each Lender acknowledges that no Agent-Related Person has made any
representation or warranty to it, and that no act by any Agent hereafter taken,
including any consent to and acceptance of any assignment or review of the
affairs of any Loan Party or any Affiliate thereof, shall be deemed to constitute
any representation or warranty by any Agent-Related Person to any Lender as to
any matter, including whether Agent-Related Persons have disclosed material
information in their possession. Each Lender represents to each Agent that it
has, independently and without reliance upon any Agent-Related Person and based
on such documents and information as it has deemed appropriate, made its own
appraisal of and investigation into the business, prospects, operations, 

 

143

 

property, financial and other condition and
creditworthiness of the Loan Parties and their respective Subsidiaries, and all
applicable bank or other regulatory Laws relating to the transactions
contemplated hereby, and made its own decision to enter into this Agreement and
to extend credit to the Borrower and the other Loan Parties hereunder. Each
Lender also represents that it will, independently and without reliance upon
any Agent-Related Person and based on such documents and information as it
shall deem appropriate at the time, continue to make its own credit analysis,
appraisals and decisions in taking or not taking action under this Agreement
and the other Loan Documents, and to make such investigations as it deems
necessary to inform itself as to the business, prospects, operations, property,
financial and other condition and creditworthiness of the Borrower and the
other Loan Parties. Except for notices, reports and other documents expressly
required to be furnished to the Lenders by any Agent herein, such Agent shall
not have any duty or responsibility to provide any Lender with any credit or
other information concerning the business, prospects, operations, property,
financial and other condition or creditworthiness of any of the Loan Parties or
any of their respective Affiliates which may come into the possession of any
Agent-Related Person.

 

Section 9.07                                Indemnification
of Agents. Whether or not the
transactions contemplated hereby are consummated, the Lenders shall indemnify
upon demand each Agent-Related Person (to the extent not reimbursed by or on
behalf of any Loan Party and without limiting the obligation of any Loan Party
to do so), pro rata, and hold harmless each Agent-Related Person from and
against any and all Indemnified Liabilities incurred by it; provided that no Lender shall be liable
for the payment to any Agent-Related Person of any portion of such Indemnified
Liabilities resulting from such Agent-Related Person’s own gross negligence or
willful misconduct, as determined by the final judgment of a court of competent
jurisdiction; provided that no
action taken in accordance with the directions of the Required Lenders (or such
other number or percentage of the Lenders as shall be required by the Loan
Documents) shall be deemed to constitute gross negligence or willful misconduct
for purposes of this Section 9.07. In the case of any investigation, litigation
or proceeding giving rise to any Indemnified Liabilities, this Section 9.07
applies whether any such investigation, litigation or proceeding is brought by
any Lender or any other Person. Without limitation of the foregoing, each
Lender shall reimburse the Administrative Agent upon demand for its ratable
share of any costs or out-of-pocket expenses (including Attorney Costs)
incurred by the Administrative Agent in connection with the preparation,
execution, delivery, administration, modification, amendment or enforcement
(whether through negotiations, legal proceedings or otherwise) of, or legal
advice in respect of rights or responsibilities under, this Agreement, any
other Loan Document, or any document contemplated by or referred to herein, to
the extent that the Administrative Agent is not reimbursed for such expenses by
or on behalf of the Borrower, provided
that such reimbursement by the Lenders shall not affect the Borrower’s continuing
reimbursement obligations with respect thereto. The undertaking in this Section
9.07 shall survive termination of the Aggregate Commitments, the payment of all
other Obligations and the resignation of the Administrative Agent.

 

Section 9.08                                Agents
in their Individual Capacities. UBS
AG, Stamford Branch and its Affiliates may make loans to, issue letters of
credit for the account of, accept deposits from, acquire Equity Interests in
and generally engage in any kind of banking, trust, financial advisory,
underwriting or other business with each of the Loan Parties and their
respective Affiliates as though UBS AG, Stamford Branch were not the Administrative
Agent or an L/C Issuer hereunder and without notice to or consent of the
Lenders. The Lenders acknowledge 

 

144

 

that, pursuant to such activities, UBS AG,
Stamford Branch or its Affiliates may receive information regarding any Loan
Party or its Affiliates (including information that may be subject to
confidentiality obligations in favor of such Loan Party or such Affiliate) and
acknowledge that the Administrative Agent shall be under no obligation to
provide such information to them. With respect to its Loans, UBS AG, Stamford
Branch shall have the same rights and powers under this Agreement as any other
Lender and may exercise such rights and powers as though it were not the
Administrative Agent or an L/C Issuer, and the terms “Lender” and “Lenders”
include UBS AG, Stamford Branch in its individual capacity.

 

Section 9.09                                Successor
Agents. The Administrative Agent
may resign as the Administrative Agent upon thirty (30) days’ notice to the Lenders
and the Borrower. If the Administrative Agent resigns under this Agreement, the
Required Lenders shall appoint from among the Lenders a successor agent for the
Lenders, which successor agent shall be consented to by the Borrower at all
times other than during the existence of an Event of Default under Section
8.01(f) or (g) (which consent of the Borrower shall not be unreasonably
withheld or delayed). If no successor agent is appointed prior to the effective
date of the resignation of the Administrative Agent, the Administrative Agent
may appoint, after consulting with the Lenders and the Borrower, a successor
agent from among the Lenders. Upon the acceptance of its appointment as
successor agent hereunder, the Person acting as such successor agent shall
succeed to all the rights, powers and duties of the retiring Administrative
Agent and the term “Administrative Agent,” shall mean such successor administrative
agent and/or supplemental administrative agent, as the case may be, and the
retiring Administrative Agent’s appointment, powers and duties as the
Administrative Agent shall be terminated. After the retiring Administrative
Agent’s resignation hereunder as the Administrative Agent, the provisions of
this Article 9 and Sections 10.04 and 10.05 shall inure to its benefit as to
any actions taken or omitted to be taken by it while it was the Administrative
Agent under this Agreement. If no successor agent has accepted appointment as
the Administrative Agent by the date which is thirty (30) days following the
retiring Administrative Agent’s notice of resignation, the retiring
Administrative Agent’s resignation shall nevertheless thereupon become
effective and the Lenders shall perform all of the duties of the Administrative
Agent hereunder until such time, if any, as the Required Lenders appoint a
successor agent as provided for above. Upon the acceptance of any appointment
as the Administrative Agent hereunder by a successor and upon the execution and
filing or recording of such financing statements, or amendments thereto, and
such amendments or supplements to the Mortgages, and such other instruments or
notices, as may be necessary or desirable, or as the Required Lenders may
request, in order to (a) continue the perfection of the Liens granted or purported
to be granted by the Collateral Documents or (b) otherwise ensure that the
Collateral and Guarantee Requirement is satisfied, the Administrative Agent
shall thereupon succeed to and become vested with all the rights, powers,
discretion, privileges, and duties of the retiring Administrative Agent, and
the retiring Administrative Agent shall be discharged from its duties and
obligations under the Loan Documents. After the retiring Administrative Agent’s
resignation hereunder as the Administrative Agent, the provisions of this
Article 9 shall continue in effect for its benefit in respect of any actions
taken or omitted to be taken by it while it was acting as the Administrative
Agent.

 

Section 9.10                                Administrative
Agent May File Proofs of Claim. In
case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial
proceeding relative to any Loan Party, the Administrative 

 

145

 

Agent (irrespective of whether the principal
of any Loan or L/C Obligation shall then be due and payable as herein expressed
or by declaration or otherwise and irrespective of whether the Administrative
Agent shall have made any demand on the Borrower) shall be entitled and
empowered, by intervention in such proceeding or otherwise:

 

(a)                                  to file and prove a claim for the whole
amount of the principal and interest owing and unpaid in respect of the Loans,
L/C Obligations and all other Obligations that are owing and unpaid and to file
such other documents as may be necessary or advisable in order to have the
claims of the Lenders and the Administrative Agent (including any claim for the
reasonable compensation, expenses, disbursements and advances of the Lenders
and the Administrative Agent and their respective agents and counsel and all
other amounts due the Lenders and the Administrative Agent under Sections
2.03(g) and (h), 2.09 and 10.04) allowed in such judicial proceeding; and

 

(b)                                 to collect and receive any monies or other
property payable or deliverable on any such claims and to distribute the same;

 

and
any custodian, receiver, assignee, trustee, liquidator, sequestrator or other
similar official in any such judicial proceeding is hereby authorized by each
Lender to make such payments to the Administrative Agent and, in the event that
the Administrative Agent shall consent to the making of such payments directly
to the Lenders, to pay to the Administrative Agent any amount due for the
reasonable compensation, expenses, disbursements and advances of the Agents and
their respective agents and counsel, and any other amounts due the
Administrative Agent under Sections 2.09 and 10.04.

 

Nothing
contained herein shall be deemed to authorize the Administrative Agent to authorize
or consent to or accept or adopt on behalf of any Lender any plan of
reorganization, arrangement, adjustment or composition affecting the
Obligations or the rights of any Lender or to authorize the Administrative
Agent to vote in respect of the claim of any Lender in any such proceeding.

 

Section 9.11                                Collateral
and Guaranty Matters. The Lenders
irrevocably agree that:

 

(a)                                  any Lien on any property granted to or held
by the Administrative Agent or the Collateral Agent under any Loan Document shall
be automatically released (i) upon termination of the Aggregate Commitments and
payment in full of all Obligations (other than (x) obligations under Secured
Hedge Agreements not yet due and payable, (y) Cash Management Obligations not
yet due and payable and (z) contingent indemnification obligations not yet
accrued and payable) and the expiration or termination of all Letters of
Credit, (ii) at the time the property subject to such Lien is transferred or to
be transferred as part of or in connection with any transfer permitted
hereunder or under any other Loan Document to any Person other than Holdings,
the Borrower or any of its Domestic Subsidiaries that are Restricted Subsidiaries,
(iii) subject to Section 10.01, if the release of such Lien is approved,
authorized or ratified in writing by the Required Lenders, or (iv) if the
property subject to such Lien is owned by a Guarantor, upon release of such
Guarantor from its obligations under its Guaranty pursuant to clause (c) below;

 

146

 

(b)                                 to release or subordinate any Lien on any
property granted to or held by the Administrative Agent or the Collateral Agent
under any Loan Document to the holder of any Lien on such property that is
permitted by Section 7.01(i); and

 

(c)                                  any Guarantor shall be automatically released
from its obligations under the Guaranty if such Person ceases to be a
Restricted Subsidiary as a result of a transaction or designation permitted
hereunder; provided that no such
release shall occur if such Guarantor continues to be a guarantor in respect of
the High Yield Notes or any Junior Financing.

 

Upon
request by the Administrative Agent at any time, the Required Lenders will
confirm in writing the Administrative Agent’s authority to release or
subordinate its interest in particular types or items of property, or to
release any Guarantor from its obligations under the Guaranty pursuant to this
Section 9.11. In each case as specified in this Section 9.11, the
Administrative Agent will (and each Lender irrevocably authorizes the
Administrative Agent to), at the Borrower’s expense, execute and deliver to the
applicable Loan Party such documents as such Loan Party may reasonably request
to evidence the release or subordination of such item of Collateral from the
assignment and security interest granted under the Collateral Documents, or to
evidence the release of such Guarantor from its obligations under the Guaranty,
in each case in accordance with the terms of the Loan Documents and this Section
9.11.

 

Section 9.12                                Other
Agents; Arrangers and Managers.
None of the Lenders or other Persons identified on the facing page or signature
pages of this Agreement as a “syndication agent,” “co-documentation agent”, “joint
bookrunner” or “arranger” shall have any right, power, obligation, liability,
responsibility or duty under this Agreement other than those applicable to all
Lenders as such. Without limiting the foregoing, none of the Lenders or other
Persons so identified shall have or be deemed to have any fiduciary
relationship with any Lender. Each Lender acknowledges that it has not relied,
and will not rely, on any of the Lenders or other Persons so identified in
deciding to enter into this Agreement or in taking or not taking action
hereunder.

 

Section 9.13                                Appointment
of Supplemental Administrative Agents.

 

(a)                                  It is the purpose of this Agreement and the
other Loan Documents that there shall be no violation of any Law of any
jurisdiction denying or restricting the right of banking corporations or associations
to transact business as agent or trustee in such jurisdiction. It is recognized
that in case of litigation under this Agreement or any of the other Loan
Documents, and in particular in case of the enforcement of any of the Loan
Documents, or in case the Administrative Agent deems that by reason of any
present or future Law of any jurisdiction it may not exercise any of the
rights, powers or remedies granted herein or in any of the other Loan Documents
or take any other action which may be desirable or necessary in connection
therewith, the Administrative Agent is hereby authorized to appoint an
additional individual or institution selected by the Administrative Agent in
its sole discretion as a separate trustee, co-trustee, administrative agent,
collateral agent, administrative sub-agent or administrative co-agent (any such
additional individual or institution being referred to herein individually as a
“Supplemental Administrative Agent”
and collectively as “Supplemental
Administrative Agents”).

 

147

 

(b)                                 In the event that the Administrative Agent
appoints a Supplemental Administrative Agent with respect to any Collateral,
(i) each and every right, power, privilege or duty expressed or intended by
this Agreement or any of the other Loan Documents to be exercised by or vested
in or conveyed to the Administrative Agent with respect to such Collateral
shall be exercisable by and vest in such Supplemental Administrative Agent to
the extent, and only to the extent, necessary to enable such Supplemental Administrative
Agent to exercise such rights, powers and privileges with respect to such
Collateral and to perform such duties with respect to such Collateral, and
every covenant and obligation contained in the Loan Documents and necessary to
the exercise or performance thereof by such Supplemental Administrative Agent
shall run to and be enforceable by either the Administrative Agent or such
Supplemental Administrative Agent, and (ii) the provisions of this Article 9
and of Sections 10.04 and 10.05 that refer to the Administrative Agent shall
inure to the benefit of such Supplemental Administrative Agent and all
references therein to the Administrative Agent shall be deemed to be references
to the Administrative Agent and/or such Supplemental Administrative Agent, as
the context may require.

 

(c)                                  Should any instrument in writing from the
Borrower, Holdings or any other Loan Party be required by any Supplemental
Administrative Agent so appointed by the Administrative Agent for more fully
and certainly vesting in and confirming to him or it such rights, powers,
privileges and duties, the Borrower or Holdings, as applicable, shall, or shall
cause such Loan Party to, execute, acknowledge and deliver any and all such
instruments promptly upon request by the Administrative Agent. In case any
Supplemental Administrative Agent, or a successor thereto, shall die, become
incapable of acting, resign or be removed, all the rights, powers, privileges
and duties of such Supplemental Administrative Agent, to the extent permitted by
Law, shall vest in and be exercised by the Administrative Agent until the
appointment of a new Supplemental Administrative Agent.

 

ARTICLE X

 

Miscellaneous

 

Section 10.01                          Amendments,
Etc. Except as otherwise set forth in this Agreement, no amendment or waiver
of any provision of this Agreement or any other Loan Document, and no consent
to any departure by the Borrower or any other Loan Party therefrom, shall be
effective unless in writing signed by the Required Lenders and the Borrower or
the applicable Loan Party, as the case may be, and each such waiver or consent
shall be effective only in the specific instance and for the specific purpose
for which given; provided that,
no such amendment, waiver or consent shall:

 

(a)                                  extend or increase the Commitment of any
Lender without the written consent of each Lender directly affected thereby (it
being understood that a waiver of any condition precedent set forth in Section
4.02 or the waiver of any Default, mandatory prepayment or mandatory reduction
of the Commitments shall not constitute an extension or increase of any
Commitment of any Lender);

 

(b)                                 postpone any date scheduled for, or reduce
the amount of, any payment of principal or interest under Section 2.07 or 2.08
without the written consent of each Lender directly 

 

148

 

affected thereby, it being understood that
the waiver of (or amendment to the terms of) any mandatory prepayment of the
Term Loans shall not constitute a postponement of any date scheduled for the
payment of principal or interest;

 

(c)                                  reduce the principal of, or the rate of
interest specified herein on, any Loan or L/C Borrowing, or (subject to clause
(iii) of the second proviso to this Section 10.01) any fees or other amounts
payable hereunder or under any other Loan Document without the written consent
of each Lender directly affected thereby, it being understood that any change
to the definition of Total Leverage Ratio or in the component definitions
thereof shall not constitute a reduction in the rate; provided that, only the consent of the
Required Lenders shall be necessary to amend the definition of “Default Rate”
or to waive any obligation of the Borrower to pay interest at the Default Rate;

 

(d)                                 change any provision of this Section 10.01,
the definition of “Required Lenders” or “Pro Rata Share” or Section 2.06(c),
8.04 or 2.13 without the written consent of each Lender affected thereby;

 

(e)                                  other than in a transaction permitted under
Section 7.05, release all or substantially all of the Collateral in any
transaction or series of related transactions, without the written consent of
each Lender;

 

(f)                                    other than in a transaction permitted under
Section 7.04 or Section 7.05, release all or substantially all of the aggregate
value of the Guarantees, without the written consent of each Lender; or

 

(g)                                 change the currency in which any Loan is
denominated of any Loan without the written consent of the Lender holding such
Loans;

 

and
provided  further that (i) no amendment, waiver or
consent shall, unless in writing and signed by each L/C Issuer in addition to
the Lenders required above, affect the rights or duties of an L/C Issuer under
this Agreement or any Letter of Credit Application relating to any Letter of
Credit issued or to be issued by it; (ii) no amendment, waiver or consent
shall, unless in writing and signed by the Swing Line Lender in addition to the
Lenders required above, affect the rights or duties of the Swing Line Lender
under this Agreement; (iii) no amendment, waiver or consent shall, unless in
writing and signed by the Administrative Agent in addition to the Lenders
required above, affect the rights or duties of, or any fees or other amounts
payable to, the Administrative Agent under this Agreement or any other Loan Document;
(iv) Section 10.07(h) may not be amended, waived or otherwise modified without
the consent of each Granting Lender all or any part of whose Loans are being
funded by an SPC at the time of such amendment, waiver or other modification;
and (v) the consent of Lenders holding more than 50% of any Class of
Commitments shall be required with respect to any amendment that by its terms
adversely affects the rights of such Class in respect of payments hereunder in
a manner different than such amendment affects other Classes. Notwithstanding
anything to the contrary herein, no Defaulting Lender shall have any right to
approve or disapprove any amendment, waiver or consent hereunder, except that
the Commitment of such Lender may not be increased or extended without the
consent of such Lender (it being understood that any Commitments or Loans held
or 

 

149

 

deemed
held by any Defaulting Lender shall be excluded for a vote of the Lenders
hereunder requiring any consent of the Lenders).

 

Notwithstanding
the foregoing, this Agreement may be amended (or amended and restated) with the
written consent of the Required Lenders, the Administrative Agent and the
Borrower (a) to add one or more additional credit facilities to this Agreement
and to permit the extensions of credit from time to time outstanding thereunder
and the accrued interest and fees in respect thereof to share ratably in the
benefits of this Agreement and the other Loan Documents with the Tranche B
Dollar Term Loans, the Euro Term Loans, the Revolving Credit Loans and the
Post-First Amendment and Restatement Synthetic L/C Loans and the accrued
interest and fees in respect thereof and (b) to include appropriately the
Lenders holding such credit facilities in any determination of the Required
Lenders.

 

In
addition, notwithstanding the foregoing, this Agreement may be amended with the
written consent of the Administrative Agent, the Borrower and the Lenders
providing the relevant Dollar Replacement Term Loans or Euro Replacement Term
Loans (as defined below) to permit the refinancing of all outstanding Tranche B
Dollar Term Loans (“Dollar Refinanced Term
Loans”) or Euro Term Loans (“Euro
Refinanced Term Loans”) with a replacement Dollar term loan tranche
denominated in Dollars (“Dollar Replacement
Term Loans”) or Euro term loan tranche denominated in Euros (“Euro Replacement Term Loans”), respectively,
hereunder; provided that (a) the
aggregate principal amount of such Dollar Replacement Term Loans or Euro
Replacement Term Loans shall not exceed the aggregate principal amount of such
Dollar Refinanced Term Loans or Euro Refinanced Term Loans, respectively, (b)
the Applicable Rate Dollar Replacement Term Loans or Euro Replacement Term
Loans (or similar interest rate spread applicable to such Dollar Replacement
Term Loans or Euro Replacement Term Loans, respectively) shall not be higher
than the Applicable Rate for such Dollar Refinanced Term Loans or Euro
Refinanced Term Loans (or similar interest rate spread applicable to such
Dollar Refinanced Term Loans or Euro Refinanced Term Loans, respectively)
immediately prior to such refinancing, (c) the Weighted Average Life to
Maturity of such Dollar Replacement Term Loans or Euro Replacement Term Loans
shall not be shorter than the Weighted Average Life to Maturity of such Dollar
Refinanced Term Loans or Euro Refinanced Term Loans, respectively, at the time
of such refinancing (except to the extent of nominal amortization for periods
where amortization has been eliminated as a result of prepayment of the
applicable Term Loans) and (d) all other terms applicable to such Dollar
Replacement Term Loans or Euro Replacement Term Loans shall be substantially
identical to, or less favorable to the Lenders providing such Dollar Replacement
Term Loans or Euro Replacement Term Loans than, those applicable to such Dollar
Refinanced Term Loans or Euro Refinanced Term Loans, respectively, except to
the extent necessary to provide for covenants and other terms applicable to any
period after the latest final maturity of the Term Loans in effect immediately
prior to such refinancing.

 

Notwithstanding
anything to the contrary contained in Section 10.01, guarantees, collateral
security documents and related documents executed by Subsidiaries in connection
with this Agreement may be in a form reasonably determined by the Administrative
Agent and may be, together with this Agreement, amended and waived with the
consent of the Administrative Agent at the request of the Borrower without the
need to obtain the consent of any other Lender if such amendment or waiver is
delivered in order (i) to comply with local Law or advice of local counsel,
(ii) to cure ambiguities or defects or (iii) to cause such guarantee, collateral
security 

 

150

 

document or other document to be consistent
with this Agreement and the other Loan Documents.

 

Section 10.02                          Notices
and Other Communications; Facsimile Copies.

 

(a)                                  General. Unless otherwise expressly provided herein,
all notices and other communications provided for hereunder or under any other
Loan Document shall be in writing (including by facsimile transmission). All
such written notices shall be mailed, faxed or delivered to the applicable
address, facsimile number or electronic mail address, and all notices and other
communications expressly permitted hereunder to be given by telephone shall be
made to the applicable telephone number, as follows:

 

(i)                                     if to the Borrower, the Administrative Agent,
an L/C Issuer or the Swing Line Lender, to the address, facsimile number,
electronic mail address or telephone number specified for such Person on Schedule
10.02 or to such other address, facsimile number, electronic mail address
or telephone number as shall be designated by such party in a notice to the
other parties; and

 

(ii)                                  if to any other Lender, to the address,
facsimile number, electronic mail address or telephone number specified in its
Administrative Questionnaire or to such other address, facsimile number,
electronic mail address or telephone number as shall be designated by such
party in a notice to the Borrower, the Administrative Agent, the L/C Issuers
and the Swing Line Lender.

 

All
such notices and other communications shall be deemed to be given or made upon
the earlier to occur of (i) actual receipt by the relevant party hereto and
(ii) (A) if delivered by hand or by courier, when signed for by or on behalf of
the relevant party hereto; (B) if delivered by mail, four (4) Business Days
after deposit in the mails, postage prepaid; (C) if delivered by facsimile,
when sent and receipt has been confirmed by telephone; and (D) if delivered by
electronic mail (which form of delivery is subject to the provisions of Section
10.02(c)), when delivered; provided
that notices and other communications to the Administrative Agent, the L/C
Issuers and the Swing Line Lender pursuant to Article 2 shall not be effective
until actually received by such Person. In no event shall a voice mail message
be effective as a notice, communication or confirmation hereunder.

 

(b)                                 Effectiveness of Facsimile
Documents and Signatures.
Loan Documents may be transmitted and/or signed by facsimile. The effectiveness
of any such documents and signatures shall, subject to applicable Law, have the
same force and effect as manually signed originals and shall be binding on all
Loan Parties, the Agents and the Lenders.

 

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

 

151

 

from
the reliance by such Person on each notice purportedly given by or on behalf of
the Borrower in the absence of gross negligence or willful misconduct. All
telephonic notices to the Administrative Agent may be recorded by the
Administrative Agent, and each of the parties hereto hereby consents to such
recording.

 

Section 10.03                          No
Waiver; Cumulative Remedies. No
failure by any Lender or the Administrative Agent to exercise, and no delay by
any such Person in exercising, any right, remedy, power or privilege hereunder
or under any other Loan Document shall operate as a waiver thereof; nor shall
any single or partial exercise of any right, remedy, power or privilege
hereunder preclude any other or further exercise thereof or the exercise of any
other right, remedy, power or privilege. The rights, remedies, powers and
privileges herein provided, and provided under each other Loan Document, are
cumulative and not exclusive of any rights, remedies, powers and privileges provided
by Law.

 

Section 10.04                          Attorney
Costs, Expenses and Taxes. The
Borrower agrees (a) if the First Amendment and Restatement Effective Date
occurs, to pay or reimburse the Administrative Agent, the Syndication Agent,
the Documentation Agent and the Arrangers for all reasonable out-of-pocket
costs and expenses incurred in connection with the preparation, negotiation,
syndication and execution of this Agreement and the other Loan Documents, and
any amendment, waiver, consent or other modification of the provisions hereof
and thereof (whether or not the transactions contemplated thereby are
consummated), and the consummation and administration of the transactions
contemplated hereby and thereby, including all Attorney Costs of Cahill Gordon
& Reindel LLP and local and foreign counsel, and (b) to pay or reimburse
the Administrative Agent, the Syndication Agent, the Co-Documentation Agents,
the Arrangers and each Lender for all out-of-pocket costs and expenses incurred
in connection with the enforcement of any rights or remedies under this
Agreement or the other Loan Documents (including all such costs and expenses
incurred during any legal proceeding, including any proceeding under any Debtor
Relief Law, and including all Attorney Costs of counsel to the Administrative
Agent). The foregoing costs and expenses shall include all reasonable search,
filing, recording and title insurance charges and fees and taxes related
thereto, and other (reasonable, in the case of Section 10.04(a)) out-of-pocket
expenses incurred by any Agent. The agreements in this Section 10.04 shall
survive the termination of the Aggregate Commitments and repayment of all other
Obligations. All amounts due under this Section 10.04 shall be paid within ten
(10) Business Days of receipt by the Borrower of an invoice relating thereto
setting forth such expenses in reasonable detail. If any Loan Party fails to
pay when due any costs, expenses or other amounts payable by it hereunder or
under any Loan Document, such amount may be paid on behalf of such Loan Party
by the Administrative Agent in its sole discretion.

 

Section 10.05                          Indemnification
by the Borrower. Whether or not the
transactions contemplated hereby are consummated, the Borrower shall indemnify
and hold harmless each Agent-Related Person, each Lender and their respective
Affiliates, directors, officers, employees, counsel, agents, trustees,
investment advisors and attorneys-in-fact (collectively the “Indemnitees”) from and against any and all
liabilities, obligations, losses, damages, penalties, claims, demands, actions,
judgments, suits, costs, expenses and disbursements (including Attorney Costs)
of any kind or nature whatsoever which may at any time be imposed on, incurred
by or asserted against any such Indemnitee in any way relating to or arising
out of or in connection with (a) the execution, delivery, enforcement,
performance or administration of any Loan Document or any other agreement,
letter or instrument delivered in 

 

152

 

connection with the transactions contemplated
thereby or the consummation of the transactions contemplated thereby, (b) any
Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds
therefrom (including any refusal by an L/C Issuer to honor a demand for payment
under a Letter of Credit if the documents presented in connection with such
demand do not strictly comply with the terms of such Letter of Credit), or (c)
any actual or alleged presence or release of Hazardous Materials on or from any
property currently or formerly owned or operated by the Borrower, any
Subsidiary or any other Loan Party, or any Environmental Liability related in
any way to the Borrower, any Subsidiary or any other Loan Party, or (d) any
actual or prospective claim, litigation, investigation or proceeding relating
to any of the foregoing, whether based on contract, tort or any other theory
(including any investigation of, preparation for, or defense of any pending or
threatened claim, investigation, litigation or proceeding) and regardless of
whether any Indemnitee is a party thereto (all the foregoing, collectively, the
“Indemnified Liabilities”), in all
cases, whether or not caused by or arising, in whole or in part, out of the
negligence of the Indemnitee; provided
that such indemnity shall not, as to any Indemnitee, be available to the extent
that such liabilities, obligations, losses, damages, penalties, claims,
demands, actions, judgments, suits, costs, expenses or disbursements resulted
from the gross negligence or willful misconduct of such Indemnitee or of any
affiliate, director, officer, employee, counsel, agent or attorney-in-fact of
such Indemnitee. No Indemnitee shall be liable for any damages arising from the
use by others of any information or other materials obtained through IntraLinks
or other similar information transmission systems in connection with this
Agreement, nor shall any Indemnitee or any Loan Party have any liability for
any special, punitive, indirect or consequential damages relating to this Agreement
or any other Loan Document or arising out of its activities in connection
herewith or therewith (whether before or after the First Amendment and
Restatement Effective Date). In the case of an investigation, litigation or
other proceeding to which the indemnity in this Section 10.05 applies, such
indemnity shall be effective whether or not such investigation, litigation or
proceeding is brought by any Loan Party, its directors, stockholders or
creditors or an Indemnitee or any other Person, whether or not any Indemnitee
is otherwise a party thereto and whether or not any of the transactions
contemplated hereunder or under any of the other Loan Documents is consummated.
All amounts due under this Section 10.05 shall be paid within ten (10) Business
Days after demand therefor; provided,
however, that such Indemnitee
shall promptly refund such amount to the extent that there is a final judicial
or arbitral determination that such Indemnitee was not entitled to
indemnification or contribution rights with respect to such payment pursuant to
the express terms of this Section 10.05. The agreements in this Section 10.05
shall survive the resignation of the Administrative Agent, the replacement of
any Lender, the termination of the Aggregate Commitments and the repayment,
satisfaction or discharge of all the other Obligations.

 

Section 10.06                          Payments
Set Aside. To the extent that any
payment by or on behalf of the Borrower is made to any Agent or any Lender, or
any Agent or any Lender exercises its right of setoff, and such payment or the
proceeds of such setoff or any part thereof is subsequently invalidated,
declared to be fraudulent or preferential, set aside or required (including
pursuant to any settlement entered into by such Agent or such Lender in its discretion)
to be repaid to a trustee, receiver or any other party, in connection with any
proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of
such recovery, the obligation or part thereof originally intended to be satisfied
shall be revived and continued in full force and effect as if such payment had
not been made or such setoff had not occurred, and (b) each Lender severally 

 

153

 

agrees to pay to the Administrative Agent
upon demand its applicable share of any amount so recovered from or repaid by
any Agent, plus interest thereon from the date of such demand to the date such
payment is made at a rate per annum equal to the applicable Overnight Rate from
time to time in effect.

 

Section 10.07                          Successors
and Assigns.

 

(a)                                  The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns permitted hereby, except that neither
Holdings nor the Borrower may assign or otherwise transfer any of its rights or
obligations hereunder without the prior written consent of each Lender and no
Lender may assign or otherwise transfer any of its rights or obligations
hereunder except (i) to an Eligible Assignee, (ii) by way of participation in
accordance with the provisions of Section 10.07(e), (iii) by way of pledge or
assignment of a security interest subject to the restrictions of Section
10.07(g) or (iv) to an SPC in accordance with the provisions of Section
10.07(h) (and any other attempted assignment or transfer by any party hereto
shall be null and void). Nothing in this Agreement, expressed or implied, shall
be construed to confer upon any Person (other than the parties hereto, their
respective successors and assigns permitted hereby, Participants to the extent
provided in Section 10.07(e) and, to the extent expressly contemplated hereby,
the Indemnitees) any legal or equitable right, remedy or claim under or by
reason of this Agreement.

 

(b)                                 (i) 
Subject to the conditions set forth in paragraph (b)(ii) below, any
Lender may assign to one or more assignees (“Assignees”)
all or a portion of its rights and obligations under this Agreement (including
all or a portion of its Commitment (which, in the case of an assignment of any
portion of a Post-First Amendment and Restatement Synthetic L/C Commitment,
must include an assignment of an equal portion of such Lender’s interest in its
Post-First Amendment and Restatement Credit-Linked Deposit, the Post-First
Amendment and Restatement Synthetic L/C Loans and participations in Post-First
Amendment and Restatement Synthetic L/C Obligations) and the Loans (including
for purposes of this Section 10.07(b), participations in L/C Obligations and in
Swing Line Loans) at the time owing to it) with the prior written consent (such
consent not to be unreasonably withheld or delayed) of:

 

(A)           the
Borrower, provided that no
consent of the Borrower shall be required for an assignment to a Lender, an
Affiliate of a Lender, an Approved Fund or, if an Event of Default under
Section 8.01(a), (f) or (g) has occurred and is continuing, any Assignee;

 

(B)             the
Administrative Agent; provided
that no consent of the Administrative Agent shall be required for an assignment
of all or any portion of a Term Loan or a portion of the Post-First Amendment
and Restatement Synthetic L/C Facility to another Lender, an Affiliate of a
Lender or an Approved Fund;

 

(C)             each
Principal L/C Issuer at the time of such assignment, provided that no consent of the Principal L/C Issuers shall
be required for any assignment of a Term Loan or any assignment to an Agent or
an Affiliate of an Agent; and

 

154

 

(D)            in
the case of any assignment of any of the Dollar Revolving Credit Facility, the
Swing Line Lender.

 

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

 

(A)           except
in the case of an assignment to a Lender or an Affiliate of a Lender or an
Approved Fund or an assignment of the entire remaining amount of the assigning
Lender’s Commitment or Loans of any Class, the amount of the Commitment or
Loans of the assigning Lender subject to each such assignment (determined as of
the date the Assignment and Assumption with respect to such assignment is
delivered to the Administrative Agent) shall not be less than $5,000,000 (in
the case of the Revolving Credit Facilities) or $1,000,000 (in the case of a
Term Loan or a portion of the Post-First Amendment and Restatement Synthetic
L/C Facility) unless each of the Borrower and the Administrative Agent
otherwise consents, provided that
(1) no such consent of the Borrower shall be required if an Event of Default under
Section 8.01(a), (f) or (g) has occurred and is continuing and (2) such amounts
shall be aggregated in respect of each Lender and its Affiliates or Approved
Funds, if any;

 

(B)             the
parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Assumption, together with a processing and recordation
fee of $3,500; provided that only
one such fee shall be payable in the event of simultaneous assignments from any
Lender or its Approved Funds to one or more other Approved Funds of such
Lender; and

 

(C)             the
Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent
an Administrative Questionnaire.

 

This
paragraph (b) shall not prohibit any Lender from assigning all or a portion of
its rights and obligations among separate Facilities on a non-pro rata basis.

 

(c)                                  Subject to acceptance and recording thereof
by the Administrative Agent pursuant to Section 10.07(d), from and after the
effective date specified in each Assignment and Assumption, the Eligible
Assignee thereunder shall be a party to this Agreement and, to the extent of
the interest assigned by such Assignment and Assumption, have the rights and
obligations of a Lender under this Agreement, and the assigning Lender
thereunder shall, to the extent of the interest assigned by such Assignment and
Assumption, be released from its obligations under this Agreement (and, in the
case of an Assignment and Assumption covering all of the assigning Lender’s
rights and obligations under this Agreement, such Lender shall cease to be a
party hereto but shall continue to be entitled to the benefits of Sections
3.01, 3.04, 3.05, 10.04 and 10.05 with respect to facts and circumstances
occurring prior to the effective date of such assignment). Upon request, and
the surrender by the assigning Lender of its Note, the Borrower (at its
expense) shall execute and deliver a Note to the assignee Lender. Any
assignment or transfer by a Lender of rights or obligations under this
Agreement that does not comply with this clause 

 

155

 

(c)
shall be treated for purposes of this Agreement as a sale by such Lender of a
participation in such rights and obligations in accordance with Section
10.07(e).

 

(d)                                 The Administrative Agent, acting solely for
this purpose as an agent of the Borrower, shall maintain at the Administrative
Agent’s Office a copy of each Assignment and Assumption delivered to it and a
register for the recordation of the names and addresses of the Lenders, and the
Commitments of, and principal amounts (and related interest amounts) of the
Loans, L/C Obligations (specifying the Unreimbursed Amounts), L/C Borrowings
and amounts due under Section 2.03, owing to, each Lender pursuant to the terms
hereof from time to time (the “Register”).
The entries in the Register shall be conclusive, absent manifest error, and the
Borrower, the Agents and the Lenders shall treat each Person whose name is
recorded in the Register pursuant to the terms hereof as a Lender hereunder for
all purposes of this Agreement, notwithstanding notice to the contrary. The
Register shall be available for inspection by the Borrower, any Agent and any
Lender, at any reasonable time and from time to time upon reasonable prior
notice.

 

(e)                                  Any Lender may at any time, without the
consent of, or notice to, the Borrower or the Administrative Agent, sell
participations to any Person (other than a natural person) (each, a “Participant”) in all or a portion of such
Lender’s rights and/or obligations under this Agreement (including all or a
portion of its Commitment and/or the Loans (including such Lender’s participations
in L/C Obligations and/or Swing Line Loans) owing to it); provided that (i) such Lender’s
obligations under this Agreement shall remain unchanged, (ii) such Lender shall
remain solely responsible to the other parties hereto for the performance of
such obligations and (iii) the Borrower, the Agents and the other Lenders shall
continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under this Agreement. Any agreement or
instrument pursuant to which a Lender sells such a participation shall provide
that such Lender shall retain the sole right to enforce this Agreement and the
other Loan Documents and to approve any amendment, modification or waiver of
any provision of this Agreement or the other Loan Documents; provided that such agreement or instrument
may provide that such Lender will not, without the consent of the Participant,
agree to any amendment, waiver or other modification described in the first
proviso to Section 10.01 that directly affects such Participant. Subject to
Section 10.07(f), the Borrower agrees that each Participant shall be entitled
to the benefits of Sections 3.01 (subject to the requirements of Section
10.15), 3.04 and 3.05 to the same extent as if it were a Lender and had
acquired its interest by assignment pursuant to Section 10.07(c). To the extent
permitted by applicable Law, each Participant also shall be entitled to the
benefits of Section 10.09 as though it were a Lender; provided that such Participant agrees to
be subject to Section 2.13 as though it were a Lender.

 

(f)                                    A Participant shall not be entitled to
receive any greater payment under Section 3.01, 3.04 or 3.05 than the
applicable Lender would have been entitled to receive with respect to the participation
sold to such Participant, unless the sale of the participation to such
Participant is made with the Borrower’s prior written consent.

 

(g)                                 Any Lender may at any time pledge or assign a
security interest in all or any portion of its rights under this Agreement
(including under its Note, if any) to secure obligations of such Lender,
including any pledge or assignment to secure obligations to a Federal Reserve
Bank; provided that no such
pledge or assignment shall release such Lender from any of its 

 

156

 

obligations hereunder or substitute any such
pledgee or assignee for such Lender as a party hereto.

 

(h)                                 Notwithstanding anything to the contrary
contained herein, any Lender (a “Granting
Lender”) may grant to a special purpose funding vehicle identified
as such in writing from time to time by the Granting Lender to the
Administrative Agent and the Borrower (an “SPC”)
the option to provide all or any part of any Loan that such Granting Lender
would otherwise be obligated to make pursuant to this Agreement; provided that (i) nothing herein shall
constitute a commitment by any SPC to fund any Loan, and (ii) if an SPC elects
not to exercise such option or otherwise fails to make all or any part of such
Loan, the Granting Lender shall be obligated to make such Loan pursuant to the
terms hereof. Each party hereto hereby agrees that (i) neither the grant to any
SPC nor the exercise by any SPC of such option shall increase the costs or
expenses or otherwise increase or change the obligations of the Borrower under
this Agreement (including its obligations under Section 3.01, 3.04 or 3.05),
(ii) no SPC shall be liable for any indemnity or similar payment obligation
under this Agreement for which a Lender would be liable, and (iii) the Granting
Lender shall for all purposes, including the approval of any amendment, waiver
or other modification of any provision of any Loan Document, remain the lender
of record hereunder. The making of a Loan by an SPC hereunder shall utilize the
Commitment of the Granting Lender to the same extent, and as if, such Loan were
made by such Granting Lender. Notwithstanding anything to the contrary contained
herein, any SPC may (i) with notice to, but without prior consent of the
Borrower and the Administrative Agent and with the payment of a processing fee
of $3,500, assign all or any portion of its right to receive payment with
respect to any Loan to the Granting Lender and (ii) disclose on a confidential
basis any non-public information relating to its funding of Loans to any rating
agency, commercial paper dealer or provider of any surety or Guarantee or
credit or liquidity enhancement to such SPC.

 

(i)                                     Notwithstanding anything to the contrary
contained herein, (1) any Lender may in accordance with applicable Law create a
security interest in all or any portion of the Loans owing to it and the Note,
if any, held by it and (2) any Lender that is a Fund may create a security
interest in all or any portion of the Loans owing to it and the Note, if any,
held by it to the trustee for holders of obligations owed, or securities
issued, by such Fund as security for such obligations or securities; provided that unless and until such
trustee actually becomes a Lender in compliance with the other provisions of
this Section 10.07, (i) no such pledge shall release the pledging Lender from
any of its obligations under the Loan Documents and (ii) such trustee shall not
be entitled to exercise any of the rights of a Lender under the Loan Documents
even though such trustee may have acquired ownership rights with respect to the
pledged interest through foreclosure or otherwise.

 

(j)                                     Notwithstanding anything to the contrary
contained herein, any L/C Issuer or the Swing Line Lender may, upon thirty (30)
days’ notice to the Borrower and the Lenders, resign as an L/C Issuer or the
Swing Line Lender, respectively; provided
that on or prior to the expiration of such 30-day period with respect to such
resignation, the relevant L/C Issuer or the Swing Line Lender shall have identified,
in consultation with the Borrower, a successor L/C Issuer or Swing Line Lender
willing to accept its appointment as successor L/C Issuer or Swing Line Lender,
as applicable. In the event of any such resignation of an L/C Issuer or the
Swing Line Lender, the Borrower shall be entitled to appoint from among the
Lenders willing to accept 

 

157

 

such appointment a successor L/C Issuer or
Swing Line Lender hereunder; provided
that no failure by the Borrower to appoint any such successor shall affect the
resignation of the relevant L/C Issuer or the Swing Line Lender, as the case
may be. If an L/C Issuer resigns as an L/C Issuer, it shall retain all the
rights and obligations of an L/C Issuer hereunder with respect to all Letters
of Credit outstanding as of the effective date of its resignation as an L/C
Issuer and all L/C Obligations with respect thereto (including the right to
require the Lenders to make Base Rate Loans or fund risk participations in
Unreimbursed Amounts pursuant to Section 2.03(c)). If the Swing Line Lender
resigns as Swing Line Lender, it shall retain all the rights of the Swing Line
Lender provided for hereunder with respect to Swing Line Loans made by it and
outstanding as of the effective date of such resignation, including the right
to require the Lenders to make Base Rate Loans or fund risk participations in
outstanding Swing Line Loans pursuant to Section 2.04(c).

 

(k)                                  In the case of any assignment pursuant to
paragraph (b) above by a Post-First Amendment and Restatement Synthetic L/C
Lender, the Post-First Amendment and Restatement Credit-Linked Deposit of the
assignor Post-First Amendment and Restatement Synthetic L/C Lender shall not be
released, but shall instead be purchased by the relevant assignee and continue
to be held for application (to the extent not already applied) in accordance
with this Agreement to satisfy such assignee’s obligations in respect of the
Post-First Amendment and Restatement Synthetic L/C Exposure.

 

Section 10.08                          Confidentiality. Each of the Agents and the Lenders agrees
to maintain the confidentiality of the Information, except that Information may
be disclosed (a) to its Affiliates and its and its Affiliates’ directors,
officers, employees, trustees, investment advisors and agents, including
accountants, legal counsel and other advisors (it being understood that the
Persons to whom such disclosure is made will be informed of the confidential
nature of such Information and instructed to keep such Information
confidential); (b) to the extent requested by any Governmental Authority; (c)
to the extent required by applicable Laws or regulations or by any subpoena or
similar legal process; (d) to any other party to this Agreement; (e) subject to
an agreement containing provisions substantially the same as those of this
Section 10.08 (or as may otherwise be reasonably acceptable to the Borrower),
to any pledgee referred to in Section 10.07(g), counterparty to a Swap
Contract, Eligible Assignee of or Participant in, or any prospective Eligible
Assignee of or Participant in, any of its rights or obligations under this
Agreement; (f) with the written consent of the Borrower; (g) to the extent such
Information becomes publicly available other than as a result of a breach of
this Section 10.08; (h) to any Governmental Authority or examiner (including
the National Association of Insurance Commissioners or any other similar
organization) regulating any Lender; (i) to any rating agency when required by
it (it being understood that, prior to any such disclosure, such rating agency
shall undertake to preserve the confidentiality of any Information relating to
the Loan Parties received by it from such Lender); or (j) in connection with
the exercise of any remedies hereunder or under any other Loan Document or any
action or proceeding relating to this Agreement or any other Loan Document or
the enforcement of rights hereunder or thereunder. In addition, the Agents and
the Lenders may disclose the existence of this Agreement and information about
this Agreement to market data collectors, similar service providers to the
lending industry, and service providers to the Agents and the Lenders in
connection with the administration and management of this Agreement, the other
Loan Documents, the Commitments, and the Credit Extensions. For the purposes of
this Section 10.08, “Information”
means all information received from any Loan Party relating to any Loan Party
or its business, other than any such information that is publicly available to
any Agent or 

 

158

 

any Lender prior to disclosure by any Loan
Party other than as a result of a breach of this Section 10.08; provided that, in the case of information
received from a Loan Party after the Closing Date, such information is clearly
identified at the time of delivery as confidential or (ii) is delivered
pursuant to Section 6.01, 6.02 or 6.03 hereof.

 

Section 10.09                          Setoff. In addition to any rights and remedies of
the Lenders provided by Law, upon the occurrence and during the continuance of
any Event of Default, each Lender and its Affiliates and each L/C Issuer and
its Affiliates is authorized at any time and from time to time, without prior
notice to the Borrower or any other Loan Party, any such notice being waived by
the Borrower (on its own behalf and on behalf of each Loan Party and its
Subsidiaries) to the fullest extent permitted by applicable Law, to set off and
apply any and all deposits (general or special, time or demand, provisional or
final) at any time held by, and other Indebtedness at any time owing by, such
Lender and its Affiliates or such L/C Issuer and its Affiliates, as the case
may be, to or for the credit or the account of the respective Loan Parties and
their Subsidiaries against any and all Obligations owing to such Lender and its
Affiliates or such L/C Issuer and its Affiliates hereunder or under any other
Loan Document, now or hereafter existing, irrespective of whether or not such
Agent or such Lender or Affiliate shall have made demand under this Agreement
or any other Loan Document and although such Obligations may be contingent or
unmatured or denominated in a currency different from that of the applicable
deposit or Indebtedness. Each Lender and L/C Issuer agrees promptly to notify
the Borrower and the Administrative Agent after any such set off and
application made by such Lender or L/C Issuer, as the case may be; provided, that the failure to give such
notice shall not affect the validity of such setoff and application. The rights
of the Administrative Agent, each Lender and each L/C Issuer under this Section
10.09 are in addition to other rights and remedies (including other rights of
setoff) that the Administrative Agent, such Lender and such L/C Issuer may
have.

 

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

 

Section 10.11                          Counterparts. This Agreement and each other Loan Document
may be executed in one or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same
instrument. Delivery by telecopier of an executed counterpart of a signature
page to this Agreement and each other Loan Document shall be effective as
delivery of an original executed counterpart of this Agreement and such other
Loan Document. The Agents may also require that any such documents and signatures
delivered by telecopier be confirmed by a manually signed original thereof; provided that the failure to request 

 

159

 

or deliver the same shall not limit the
effectiveness of any document or signature delivered by telecopier.

 

Section 10.12                          Integration. This Agreement, together with the other
Loan Documents, comprises the complete and integrated agreement of the parties
on the subject matter hereof and thereof and supersedes all prior agreements,
written or oral, on such subject matter. In the event of any conflict between
the provisions of this Agreement and those of any other Loan Document, the
provisions of this Agreement shall control; provided
that the inclusion of supplemental rights or remedies in favor of the Agents or
the Lenders in any other Loan Document shall not be deemed a conflict with this
Agreement. Each Loan Document was drafted with the joint participation of the
respective parties thereto and shall be construed neither against nor in favor
of any party, but rather in accordance with the fair meaning thereof.

 

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

 

Section 10.14                          Severability. If any provision of this Agreement or the
other Loan Documents is held to be illegal, invalid or unenforceable, the
legality, validity and enforceability of the remaining provisions of this Agreement
and the other Loan Documents shall not be affected or impaired thereby. The
invalidity of a provision in a particular jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction.

 

Section 10.15                          Tax
Forms.

 

(a)                                  (i) 
Each Lender and Agent that is not a “United States person” within the
meaning of Section 7701(a)(30) of the Code (each, a “Foreign Lender”) shall, to the extent it may lawfully do so,
deliver to the Borrower and the Administrative Agent, on or prior to the date
which is ten (10) Business Days after the First Amendment and Restatement
Effective Date (or upon accepting an assignment of an interest herein), two
duly signed, properly completed copies of either IRS Form W-8BEN or any successor
thereto (relating to such Foreign Lender and entitling it to an exemption from,
or reduction of, United States withholding tax on all payments to be made to
such Foreign Lender by the Borrower or any other Loan Party pursuant to this
Agreement or any other Loan Document) or IRS Form W-8ECI or any successor
thereto (relating to all payments to be made to such Foreign Lender by the
Borrower or any other Loan Party pursuant to this Agreement or any other Loan
Document) or such other evidence reasonably satisfactory to the Borrower and
the Administrative Agent that such Foreign Lender is entitled to an exemption
from, or reduction of, United States federal withholding tax, including any
exemption pursuant to Section 871(h) or 881(c) of the Code, and in the case of
a Foreign Lender claiming such an exemption under Section 881(c) of the Code, a
certificate that establishes in writing to the Borrower and the Administrative
Agent that such Foreign Lender is not (i) a “bank” as defined in 

 

160

 

Section 881(c)(3)(A) of the Code, (ii) a
10-percent stockholder within the meaning of Section 871(h)(3)(B) of the Code,
or (iii) a controlled foreign corporation related to the Borrower with the
meaning of Section 864(d) of the Code. Thereafter and from time to time, each
such Foreign Lender shall, to the extent it may lawfully do so, (A) promptly
submit to the Borrower and the Administrative Agent such additional duly
completed and signed copies of one or more of such forms or certificates (or
such successor forms or certificates as shall be adopted from time to time by
the relevant United States taxing authorities) as may then be available under
then current United States Laws and regulations to avoid, or such evidence as
is reasonably satisfactory to the Borrower and the Administrative Agent of any
available exemption from, or reduction of, United States federal withholding
taxes in respect of all payments to be made to such Foreign Lender by the
Borrower or other Loan Party pursuant to this Agreement, or any other Loan
Document, in each case, (1) on or before the date that any such form,
certificate or other evidence expires or becomes obsolete, (2) after the
occurrence of a change in the Lender’s circumstances requiring a change in the
most recent form, certificate or evidence previously delivered by it to the
Borrower and the Administrative Agent and (3) from time to time thereafter if
reasonably requested by the Borrower or the Administrative Agent, and (B)
promptly notify the Borrower and the Administrative Agent of any change in the
Lender’s circumstances which would modify or render invalid any claimed
exemption or reduction.

 

(ii)                                  Each Foreign Lender, to the extent it does
not act or ceases to act for its own account with respect to any portion of any
sums paid or payable to such Foreign Lender under any of the Loan Documents
(for example, in the case of a typical participation by such Foreign Lender),
shall, to the extent it may lawfully do so, deliver to the Borrower and the
Administrative Agent on the date when such Foreign Lender ceases to act for its
own account with respect to any portion of any such sums paid or payable, and
at such other times as may be necessary in the determination of the Borrower or
the Administrative Agent (in either case, in the reasonable exercise of its
discretion), (A) two duly signed completed copies of the forms or statements
required to be provided by such Foreign Lender as set forth above, to establish
the portion of any such sums paid or payable with respect to which such Foreign
Lender acts for its own account that is not subject to United States federal
withholding tax, and (B) two duly signed completed copies of IRS Form W-8IMY
(or any successor thereto), together with any information such Foreign Lender
chooses to transmit with such form, and any other certificate or statement of
exemption required under the Code, to establish that such Foreign Lender is not
acting for its own account with respect to a portion of any such sums payable
to such Foreign Lender.

 

(iii)                               The Borrower shall not be required to pay any
additional amount or any indemnity payment under Section 3.01 to (A) any
Foreign Lender if such Foreign Lender shall have failed to satisfy the
foregoing provisions of this Section 10.15(a), or (B) any U.S. Lender if such
U.S. Lender shall have failed to satisfy the provisions of Section 10.15(b); provided that (i) if such Lender shall
have satisfied the requirement of this or Section 10.15(b), as applicable, on
the date such Lender became a Lender or ceased to act for its own account with
respect to any payment under any of the Loan Documents, nothing in this Section
10.15(a) or Section 10.15(b) shall relieve the Borrower of its obligation to
pay any amounts pursuant to Section 3.01 in the event that, as a result of any
change in any applicable Law, treaty or governmental rule, regulation or order,
or any change in the interpretation, administration or application thereof,
such Lender is no longer properly entitled to deliver forms, certificates or
other evidence at a subsequent date establishing the fact that such Lender or
other Person for the account of which such 

 

161

 

Lender receives any sums payable under any of
the Loan Documents is not subject to withholding or is subject to withholding
at a reduced rate and (ii) nothing in this Section 10.15(a) shall relieve the
Borrower of its obligation to pay any amounts pursuant to Section 3.01 in the
event that the requirements of 10.15(a)(ii) have not been satisfied if the
Borrower is entitled, under applicable Law, to rely on any applicable forms and
statements required to be provided under this Section 10.15 by the Foreign
Lender that does not act or has ceased to act for its own account under any of
the Loan Documents, including in the case of a typical participation.

 

(iv)                              The Administrative Agent may deduct and
withhold any taxes required by any Laws to be deducted and withheld from any
payment under any of the Loan Documents.

 

(b)                                 Each Lender and Agent that is a “United
States person” within the meaning of Section 7701(a)(30) of the Code (each, a “U.S. Lender”) shall deliver to the
Administrative Agent and the Borrower two duly signed, properly completed
copies of IRS Form W-9 on or prior to the First Amendment and Restatement
Effective Date (or on or prior to the date it becomes a party to this
Agreement), certifying that such U.S. Lender is entitled to an exemption from
United States backup withholding tax, or any successor form. If such U.S.
Lender fails to deliver such forms, then the Administrative Agent may withhold
from any payment to such U.S. Lender an amount equivalent to the applicable
backup withholding tax imposed by the Code.

 

Section 10.16                          GOVERNING
LAW.

 

(a)                                  THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF
NEW YORK.

 

(b)                                 ANY LEGAL ACTION OR PROCEEDING ARISING UNDER
ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE
DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN
DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW
EXISTING OR HEREAFTER ARISING, MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW
YORK SITTING IN NEW YORK CITY OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT
OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, THE BORROWER,
HOLDINGS, EACH AGENT AND EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS
PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. THE BORROWER,
HOLDINGS, EACH AGENT AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION,
INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM
NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY
ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR
OTHER DOCUMENT RELATED THERETO.

 

Section 10.17                          WAIVER
OF RIGHT TO TRIAL BY JURY. EACH
PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF
ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR
IN ANY WAY CONNECTED WITH OR RELATED OR 

 

162

 

INCIDENTAL TO THE DEALINGS OF THE PARTIES
HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS
RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND
WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES
AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE
DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY
FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 10.17 WITH ANY COURT AS
WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF
THEIR RIGHT TO TRIAL BY JURY.

 

Section 10.18                          Binding
Effect. This Agreement shall become
effective when it shall have been executed by the Borrower and Holdings and the
Administrative Agent shall have been notified by each Lender, Swing Line Lender
and L/C Issuer that each such Lender, Swing Line Lender and L/C Issuer has
executed it and thereafter shall be binding upon and inure to the benefit of
the Borrower, each 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 the
Lenders except as permitted by Section 7.04.

 

Section 10.19                          Judgment
Currency. If, for the purposes of
obtaining judgment in any court, it is necessary to convert a sum due hereunder
or any other Loan Document in one currency into another currency, the rate of
exchange used shall be that at which in accordance with normal banking
procedures the Administrative Agent could purchase the first currency with such
other currency on the Business Day preceding that on which final judgment is
given. The obligation of each Borrower in respect of any such sum due from it
to the Administrative Agent or the Lenders hereunder or under the other Loan Documents
shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in
which such sum is denominated in accordance with the applicable provisions of
this Agreement (the “Agreement Currency”),
be discharged only to the extent that on the Business Day following receipt by
the Administrative Agent of any sum adjudged to be so due in the Judgment
Currency, the Administrative Agent may in accordance with normal banking
procedures purchase the Agreement Currency with the Judgment Currency. If the
amount of the Agreement Currency so purchased is less than the sum originally
due to the Administrative Agent from any Borrower in the Agreement Currency,
such Borrower agrees, as a separate obligation and notwithstanding any such
judgment, to indemnify the Administrative Agent or the Person to whom such
obligation was owing against such loss. If the amount of the Agreement Currency
so purchased is greater than the sum originally due to the Administrative Agent
in such currency, the Administrative Agent agrees to return the amount of any
excess to such Borrower (or to any other Person who may be entitled thereto
under applicable Law).

 

Section 10.20                          Lender
Action. Each Lender agrees that it
shall not take or institute any actions or proceedings, judicial or otherwise,
for any right or remedy against any Loan Party or any other obligor under any
of the Loan Documents or the Secured Hedge Agreements (including the exercise
of any right of setoff, rights on account of any banker’s lien or similar claim
or other rights of self-help), or institute any actions or proceedings, or
otherwise commence any remedial procedures, with respect to any Collateral or
any other property of any such Loan Party, without the prior written consent of
the Administrative Agent. The provision of this Section 10.20 are for the sole
benefit of the Lenders and shall not afford any right to, or constitute a
defense available to, any Loan Party.

 

163

 

Section 10.21                          USA
PATRIOT Act. Each Lender hereby
notifies the Borrower that pursuant to the requirements of the USA Patriot Act
(Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and
record information that identifies the Borrower, which information includes the
name and address of the Borrower and other information that will allow such
Lender to identify the Borrower in accordance with the Act.

 

Section 10.22                          Agent
for Service of Process. The
Borrower agrees that promptly following request by the Administrative Agent it
shall cause each material Foreign Subsidiary or for whose account a Letter of
Credit is issued to appoint and maintain an agent reasonably satisfactory to
the Administrative Agent to receive service of process in New York City on
behalf of such material Foreign Subsidiary.

 

[THE
REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

 

164

 

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

 

	
   

  	
  TRAVELPORT INC. (F/K/A TDS

  
	
   

  	
  INVESTOR CORPORATION),

  
	
   

  	
  as Borrower,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
   Eric J. Bock

  	
   

  
	
   

  	
   

  	
  Name:
  Eric J. Bock

  
	
   

  	
   

  	
  Title:
  

  	
  Executive
  Vice President,

  
	
   

  	
   

  	
   

  	
  General
  Counsel and Corporate

  
	
   

  	
   

  	
   

  	
  Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  TRAVELPORT LIMITED (F/K/A TDS

  
	
   

  	
  INVESTOR (BERMUDA) LTD.),

  
	
   

  	
  as Holdings

  
	
   

  	
   

  
	
   

  	
  By:
  

  	
  /s/
  Eric J. Bock

  	
   

  
	
   

  	
   

  	
  Name:
  Eric J. Bock

  
	
   

  	
   

  	
  Title:

  	
  Executive
  Vice President,

  
	
   

  	
   

  	
   

  	
  General
  Counsel and Corporate

  
	
   

  	
   

  	
   

  	
  Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WALTONVILLE LIMITED,

  
	
   

  	
  as Intermediate Parent

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Eric J. Bock

  	
   

  
	
   

  	
   

  	
  Name:
  Eric J. Bock

  
	
   

  	
   

  	
  Title:

  	
  Executive
  Vice President,

  
	
   

  	
   

  	
   

  	
  General
  Counsel and Corporate

  
	
   

  	
   

  	
   

  	
  Secretary

  
								

 

 

	
   

  	
  UBS AG, STAMFORD BRANCH, as

  
	
   

  	
  Administrative
  Agent and as an L/C Issuer

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Irja R. Otsa

  	
   

  
	
   

  	
   

  	
  Name:
  Irja R. Otsa

  
	
   

  	
   

  	
  Title:

  	
  Associate
  Director Banking

  
	
   

  	
   

  	
   

  	
  Product
  Services, US

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Irja R. Otsa

  	
   

  
	
   

  	
   

  	
  Name:
  Irja R. Otsa

  
	
   

  	
   

  	
  Title:

  	
  Associate
  Director Banking

  
	
   

  	
   

  	
   

  	
  Product
  Services, US

  
						

 

 

	
   

  	
  UBS LOAN FINANCE LLC, as a Lender

  
	
   

  	
  and
  as Swing Line Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Irja R. Otsa

  	
   

  
	
   

  	
   

  	
  Name:
  Irja R. Otsa

  
	
   

  	
   

  	
  Title:
  

  	
  Associate
  Director Banking

  
	
   

  	
   

  	
   

  	
  Product
  Services, US

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Irja R. Otsa

  	
   

  
	
   

  	
   

  	
  Name:
  Irja R. Otsa

  
	
   

  	
   

  	
  Title:
  

  	
  Associate
  Director Banking

  
	
   

  	
   

  	
   

  	
  Product
  Services, US

  
						

 

 

	
   

  	
  UBS SECURITIES LLC, as Co-Lead Arranger

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Shaw Kassalo

  	
   

  
	
   

  	
   

  	
  Name:
  Shaw Kassalo

  
	
   

  	
   

  	
  Title:
  

  	
  Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Eric Bootsma

  	
   

  
	
   

  	
   

  	
  Name:
  Eric Bootsma

  
	
   

  	
   

  	
  Title:
  

  	
  Director
  & Counsel

  
	
   

  	
   

  	
   

  	
  Region
  Americas Legal

  
						

 

 

	
   

  	
  LEHMAN BROTHERS INC., as Co-Lead

  
	
   

  	
  Arranger

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Laurie Perper

  	
   

  
	
   

  	
   

  	
  Name:
  Laurie Perper

  
	
   

  	
   

  	
  Title:
  

  	
  Senior
  Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  LEHMAN BROTHERS COMMERCIAL

  
	
   

  	
  PAPER, as a Lender

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Laurie Perper

  	
   

  
	
   

  	
   

  	
  Name:
  Laurie Perper

  
	
   

  	
   

  	
  Title:

  	
  Senior
  Vice President

  
							

 

 

	
   

  	
  CREDIT SUISSE SECURITIES (USA)

  
	
   

  	
  LLC,
  as Co-Lead Arranger

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John C. Putrino

  	
   

  
	
   

  	
   

  	
  Name:
  John C. Putrino

  
	
   

  	
   

  	
  Title:
  

  	
  Managing
  Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  CREDIT SUISSE, CAYMAN ISLANDS

  
	
   

  	
  BRANCH, as a Lender

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Brian T. Caldwell

  	
   

  
	
   

  	
   

  	
  Name:
  Brian T. Caldwell

  
	
   

  	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Lawrence Lapeyne

  	
   

  
	
   

  	
   

  	
  Name:
  Lawrence Lapeyne

  
	
   

  	
   

  	
  Title:

  	
  Associate

  
						

 

 

	
   

  	
  CREDIT SUISSE SECURITIES (USA),

  
	
   

  	
  LLC,
  as Syndication Agent,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John C. Putrino

  	
   

  
	
   

  	
   

  	
  Name:
  John C. Putrino

  
	
   

  	
   

  	
  Title:
  

  	
  Managing
  Director

  
					

 

 

	
   

  	
  LEHMAN BROTHERS INC., as Co-

  
	
   

  	
  Documentation
  Agent,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/
  Laurie Perper

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Laurie Perper

  
	
   

  	
   

  	
   

  	
  Title:
  

  	
  Senior
  Vice President

  
						

 

 

	
   

  	
  CITICORP NORTH AMERICA, INC., as

  
	
   

  	
  Co-Documentation
  and as a Lender,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/
  Julie Persily

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Julie Persily

  
	
   

  	
   

  	
   

  	
  Title:
  

  	
  Vice
  President

  
						

 

 

	
   

  	
  DEUTSCHE BANK AG NEW YORK

  
	
   

  	
  BRANCH, as Co-Documentation Agent,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/
  Paul O’ Leary

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Paul O’ Leary

  
	
   

  	
   

  	
   

  	
  Title:
  

  	
  Vice
  President

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/
  Scottye Lindsey

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Scottye Lindsey

  
	
   

  	
   

  	
   

  	
  Title:
  

  	
  Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}]]