Document:

EX-10(NN) 2001-03 Strategic Incentive Prog. Grant

Exhibit 10(nn)

2001-2003 STRATEGIC INCENTIVE PROGRAM GRANT

	 	 	 
	To:		Date:
	 
	 
	 
	 
	SSN:		

As a key employee of TRW Inc. or a subsidiary, you are hereby awarded a
“Grant”, under the 2001-2003 Strategic Incentive Program, to receive a grant
of ______ performance units, subject to the attached terms and conditions.

	 	 	 
	 
			TRW Inc.
	 
	 
	 
			By: ____________________

2001-2003 STRATEGIC INCENTIVE PROGRAM GRANT

Terms and Conditions

1. The Grant

This Grant sets forth the terms and conditions under which you will receive
performance units in the event that certain financial goals are achieved with
respect to the calendar years 2001 through 2003 (the “Performance Period”).

2. Performance Criteria

The definition of the goals, for purposes of this Grant, is set forth in
Exhibit A. The criteria for including items in or excluding items from the
calculations set forth in Exhibit A shall be at the complete discretion of
the Compensation Committee of the TRW Directors (the “Committee”).

A goal scoring sheet for the three years in the Performance Period and
weighted award levels related to each of the financial goals is attached as
Exhibit B.

3. Payment

Promptly following the availability of financial information at the end of
the Performance Period, the number of performance units to be paid out will
be determined by multiplying the Grant by the payout percent generated by the
goal scoring sheet. Each performance unit will be converted into cash using
the average of the high and the low sale price averages of a share of TRW
Common Stock (“TRW Common”) on the New York Stock Exchange Composite
Transactions Listing, as published in the Midwest Edition of the Wall Street
Journal (the “Average TRW High and Low”) for each day on which such shares
are traded on the New York Stock Exchange during the months of December 2003
and January 2004. This amount will be paid to you in the currency in which
you receive your compensation.

4. Taxes

Upon any payment pursuant to this Grant, TRW will deduct any withholding or
other taxes due.

5. Transferability

This Grant is not transferable other than by will or the laws of descent and
distribution.

6. Death

If your termination of employment occurs as a result of your death during the
second or third year of the Performance Period, your estate or those so
designated by will or the laws of descent and distribution will be entitled
to receive a prorated payment reflecting the number of full months of service
that you were employed during the Performance Period. The value of such
payment will be based on target performance and each unit will be converted
to cash using the Average TRW High and Low for each day on which such shares
are traded on the New York Stock Exchange during the two full calendar months
preceding the date of your death.

7. Disability

If your termination of employment occurs in the second or third year of the
Performance Period due to disability for a period of more than twelve months
(as determined in accordance with the TRW U.S. Long-Term Disability Plan),
you will be entitled to receive a prorated payment reflecting the number of
full months of service during the Performance Period before the commencement
of your disability. The value of such payment will be based on target
performance and each unit will be converted to cash using the Average TRW
High and Low for each day on which such shares are traded on the New York
Stock Exchange during the two full calendar months preceding the date of the
commencement of your disability.

8. Termination of Employment

This Grant shall terminate on the date of your termination of employment and
you shall not be entitled to any additional payments hereunder. However, if
your employment is terminated as a result of retirement during the second or
third year of the Performance Period, you may be eligible to receive a
prorated payment reflecting the number of full months of service during the
Performance Period before your retirement, at the sole discretion of the CEO
(or, if the recipient of this Grant is a member of the Management Committee
of TRW, at the sole discretion of the Committee). Such payment, if approved,
will be made in February 2004.

9. Adjustments

The Committee shall make such adjustments in the number and kind of
performance units, including the right to receive any payouts, as it may
determine are equitably required to prevent dilution or enlargement of your
rights that would otherwise result from any stock dividend, stock split,
combination of shares, recapitalization or other change in the capital
structure of TRW, merger, consolidation, reorganization, partial or complete
liquidation or other corporate transaction or event having an effect similar
to any of the foregoing.

10. Change in Control

The Performance Period as referred to in this Grant will end immediately upon
a change in control of TRW Inc. For purposes of this Grant, a change in
control is defined in resolutions adopted by the Compensation Committee of
the Directors of TRW on July 26, 1989, which, in summary, provide that a
change in control is a change occurring (a) by virtue of TRW’s merger,
consolidation or reorganization into or with, or transfer of assets to,
another corporation or (b) by virtue of a change in the majority of the
Directors of TRW during any two-year period unless the election of each new
Director was approved by a two-thirds vote of the Directors in office at the
beginning of such period or (c) through the acquisition of shares
representing 20% or more of the voting power of TRW or (d) through any other
change in control reported in any filing with the Securities and Exchange
Commission; provided, however, that no change in control is deemed to have
occurred by the acquisition of shares, or any report of such acquisition, by
TRW, a subsidiary of TRW or a TRW-sponsored employee benefit plan. The
language of the resolutions controls over this summary language.

If a Change in Control occurs prior to the end of the Performance Period,
you will be entitled to receive a payment for the full Performance Period,
assuming maximum performance on all goals. The number of units payable,
determined in accordance with the preceding sentence, will be issued to you
promptly following the Change in Control and will be valued using the
Average TRW High and Low for each day on which such shares are traded on the
New York Stock Exchange during the 30 calendar days preceding the date the
Change in Control occurs.

11. Amendments

In addition to the authority to make adjustments as provided in Section 9,
the CEO (or, if the recipient of this Grant is a member of the Management
Committee of TRW, the Committee) shall have the authority, until such time as
a Change in Control as defined in Section 10 occurs, to amend this Grant.
Notwithstanding the foregoing, if you transfer positions or change
responsibilities within TRW and are no longer eligible to participate in this
Program, your Grant will automatically terminate and, if such transfer or
change in responsibilities occurs during the second or third year of the
Performance Period, you may be entitled to receive a prorated payout, at the
sole discretion of the CEO (or, if the recipient of this Grant is a member of
the Management Committee of TRW, the Committee), based on the number of full
months that your Grant was in effect. The CEO or the Committee, as the case
may be, also reserves the right to withhold payment under this Grant due to
individual performance.

12. Miscellaneous

This Grant shall not be construed as giving you any right to continue in the
employ of TRW. Subject to the requirements and limitations in Sections 10
and 11 above, the CEO (or, if the recipient of this Grant is a member of the
Management Committee of TRW, the Committee) has authority to interpret and
construe any provision of this Grant and any such interpretation and
construction shall be binding and conclusive. Except as provided in Sections
6, 7 and 10 above, no rights hereunder shall accrue to you with respect to
the Performance Period until such period is completed and the goals
performance for such period has been approved as provided in Section 3 above.

This Grant is an extraordinary item of compensation outside the scope of your
employment contract, if any. As such, this Grant is not part of normal or
expected compensation for purposes of calculating any severance, resignation,
redundancy, end of service payments, bonuses, long-term service awards,
social insurance contributions (except where local law specifically provides
otherwise), pension or retirement benefits, or similar payments.

13. Entire Agreement

This Grant sets forth the entire understanding between you and TRW with
respect to the subject matter hereof and supersedes all prior agreements and
understandings, whether oral or written, relating hereto.EX-10(PP) 364-Day Amended & Restated Credit Agrmt.

Exhibit 10(pp)

CONFORMED COPY

364-DAY

AMENDED AND RESTATED CREDIT AGREEMENT

dated as of

January 23, 2001

among

TRW INC.

The Borrowing Subsidiaries

Party Hereto

The Lenders Party Hereto

and

THE CHASE MANHATTAN BANK,

as Administrative Agent

SALOMON SMITH BARNEY INC.,

as Syndication Agent

BANK OF AMERICA, N.A.,

BARCLAYS BANK PLC,

as Co-Documentation Agents,

J.P. MORGAN

SALOMON SMITH BARNEY INC.,

as Joint-Lead Arrangers and Joint-Book Managers

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 
			Page
							

	ARTICLE I
	 
	Definitions
	 
	SECTION 1.01. Defined Terms			1	
	
	
	
	

	SECTION 1.02. Classification of Loans and Borrowings			13	
	
	
	
	

	SECTION 1.03. Terms Generally			13	
	
	
	
	

	SECTION 1.04. Accounting Terms; GAAP			13	
	 
	ARTICLE II
	 
	The Credits
	 
	SECTION 2.01. Commitments			14	
	
	
	
	

	SECTION 2.02. Loans and Borrowings			14	
	
	
	
	

	SECTION 2.03. Requests for Revolving Borrowings			14	
	
	
	
	

	SECTION 2.04. Competitive Bid Procedure			15	
	
	
	
	

	SECTION 2.05. Funding of Borrowings			17	
	
	
	
	

	SECTION 2.06. Interest Elections			18	
	
	
	
	

	SECTION 2.07. Termination and Reduction of Commitments			19	
	
	
	
	

	SECTION 2.08. Repayment of Loans; Evidence of Debt			19	
	
	
	
	

	SECTION 2.09. Prepayment of Loans			20	
	
	
	
	

	SECTION 2.10. Fees			21	
	
	
	
	

	SECTION 2.11. Interest			21	
	
	
	
	

	SECTION 2.12. Alternate Rate of Interest			22	
	
	
	
	

	SECTION 2.13. Increased Costs			23	
	
	
	
	

	SECTION 2.14. Break Funding Payments			24	
	
	
	
	

	SECTION 2.15. Taxes			24	
	
	
	
	

	SECTION 2.16. Payments Generally; Pro Rata Treatment; Sharing of Set-offs			25	
	
	
	
	

	SECTION 2.17. Mitigation Obligations; Replacement of Lenders			27	
	
	
	
	

	SECTION 2.18. Borrowing Subsidiaries			27	
	
	
	
	

	SECTION 2.19. Foreign Subsidiary Costs			28	
	 
	ARTICLE III
	 
	Representations and Warranties
	 
	SECTION 3.01. Organization; Powers			28	
	
	
	
	

	SECTION 3.02. Authorization; Enforceability			28	
	
	
	
	

	SECTION 3.03. Governmental Approvals; No Conflicts			29	
	
	
	
	

	SECTION 3.04. Financial Condition; No Material Adverse Change			29	
	
	
	
	

	SECTION 3.05. Litigation and Environmental Matters			29	
	
	
	
	

	SECTION 3.06. Investment and Holding Company Status			29	
	
	
	
	

	SECTION 3.07. Taxes			29	
	
	
	
	

	SECTION 3.08. ERISA			30	

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	ARTICLE IV
	 
	Conditions
	 
	SECTION 4.01. Effective Date			30	
	
	
	
	

	SECTION 4.02. Each Credit Event			31	
	
	
	
	

	SECTION 4.03. Initial Credit Event for each Borrowing Subsidiary			31	
	 
	ARTICLE V
	 
	Affirmative Covenants
	 
	SECTION 5.01. Financial Statements and Other Information			32	
	
	
	
	

	SECTION 5.02. Existence; Conduct of Business			33	
	
	
	
	

	SECTION 5.03. Use of Proceeds			33	
	 
	ARTICLE VI
	 
	Negative
Covenants
	 
	SECTION 6.01. Indebtedness			33	
	
	
	
	

	SECTION 6.02. Mortgages			33	
	
	
	
	

	SECTION 6.03. Sale and Lease-Back Transactions			35	
	
	
	
	

	SECTION 6.04. Fundamental Changes			35	
	
	
	
	

	SECTION 6.05. ERISA			35	
	
	
	
	

	SECTION 6.06. Change in Control			36	
	
	
	
	

	SECTION 6.07. Interest Coverage Ratio			36	
	
	
	
	

	SECTION 6.08. Minimum Consolidated Net Worth			36	
	 
	ARTICLE VII
	 
	Events of Default 			36	
	 
	ARTICLE VIII
	 
	The Administrative Agent			38	
	 
	ARTICLE IX
	 
	Guarantee 			40	
	 
	ARTICLE X
	 
	Miscellaneous
	 
	SECTION 10.01. Notices			41	

 

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	SECTION 10.02. Waivers; Amendments			41	
	
	
	
	

	SECTION 10.03. Expenses; Indemnity; Damage Waiver			42	
	
	
	
	

	SECTION 10.04. Successors and Assigns			43	
	
	
	
	

	SECTION 10.05. Survival			45	
	
	
	
	

	SECTION 10.06. Counterparts; Integration; Effectiveness			46	
	
	
	
	

	SECTION 10.07. Severability			46	
	
	
	
	

	SECTION 10.08. Right of Setoff			46	
	
	
	
	

	SECTION 10.09. Governing Law; Jurisdiction; Consent to Service of Process			46	
	
	
	
	

	SECTION 10.10. WAIVER OF JURY TRIAL			47	
	
	
	
	

	SECTION 10.11. Headings			47	
	
	
	
	

	SECTION 10.12. Confidentiality			47	
	
	
	
	

	SECTION 10.13. Conversion of Currencies			48	
	
	
	
	

	SECTION 10.14. Interest Rate Limitation			48	

SCHEDULES:

Schedule 2.01 — Commitments

EXHIBITS:

	 	 	 	 	 
	Exhibit A-1		—		Form of Borrowing Subsidiary Agreement
	
	
	
	

	Exhibit A-2		—		Form of Borrowing Subsidiary Termination
	
	
	
	

	Exhibit B		—		Form of Assignment and Acceptance
	
	
	
	

	Exhibit C		—		Form of Opinion of General Counsel of the Company
	
	
	
	

	Exhibit D		—		Form of Opinion of Counsel for each Borrowing Subsidiary
	
	
	
	

	Exhibit E		—		Form of Compliance Certificate

 

		
	 	      364-DAY CREDIT AGREEMENT dated as of January 23,
	 
	 	2001, among TRW INC., the BORROWING SUBSIDIARIES
from time to time party hereto, the LENDERS from time to time
party hereto, THE CHASE MANHATTAN BANK, as
Administrative Agent and SALOMON SMITH BARNEY INC., as
Syndication Agent.
	 
	 	      The parties hereto agree as follows:

ARTICLE I

Definitions

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

      “ABR”, when used in reference to any Loan or Borrowing, refers to
whether such Loan, or the
Loans comprising such
Borrowing, are bearing
interest at a rate
determined by reference to
the Alternate Base Rate.

      “Adjusted LIBO Rate” means, with respect to any Eurocurrency
Borrowing for any Interest
Period, an interest rate
per annum (rounded
upwards, if necessary, to
the next 1/100 of 1%)
equal to (a) the LIBO Rate
for such Interest Period
multiplied by (b) the
Statutory Reserve Rate.

      “Administrative Agent” means The Chase Manhattan Bank, in its capacity
as administrative agent for the Lenders hereunder.

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

      “Affiliate” means, with respect to a specified Person, another Person that
directly, or indirectly
through one or more
intermediaries, Controls
or is Controlled by or is
under common Control with
the Person specified.

      “Agreement
Currency”
has the
meaning
assigned
to such
term in
Section
10.13(b).

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

      “Applicable Creditor” has the meaning assigned to such term in
Section 10.13(b).

      “Applicable Percentage” means, with respect to any Lender, the
percentage of the total Commitments represented by such Lender’s Commitment. If the

2

Commitments have
terminated or expired, the
Applicable Percentages
shall be determined based
upon the Commitments most
recently in effect, giving
effect to any assignments.

      “Applicable Rate” means, for any day, with respect to any Eurocurrency
Revolving Loan, or with
respect to the facility
fees payable hereunder, as
the case may be, the
applicable rate per annum
set forth below under the
caption “Eurocurrency
Spread” or “Facility Fee
Rate” as the case may be,
based upon the ratings by
Moody’s and S&P,
respectively, applicable
on such date to the Index
Debt:

	 	 	 	 	 	 	 	 	 
			Eurocurrency		Facility Fee
	Index Debt Ratings:		Spread		Rate
	Category 1
	
	
	
	

	> BBB+/Baa1			.525	%			.100	%
	 
	Category 2
	
	
	
	

	< BBB/Baa2			.625	%			.125	%

      For purposes of the foregoing, (i) if either Moody’s or S&P shall not have
in effect a rating for the
Index Debt (other than by
reason of the
circumstances referred to
in the last sentence of
this definition), then
such rating agency shall
be deemed to have
established a rating in
Category 2; (ii) if the
ratings established or
deemed to have been
established by Moody’s and
S&P for the Index Debt
shall fall within
different Categories, the
Applicable Rate shall be
based on the higher of the
two ratings; and (iii) if
the ratings established or
deemed to have been
established by Moody’s and
S&P for the Index Debt
shall be changed (other
than as a result of a
change in the rating
system of Moody’s or S&P),
such change shall be
effective as of the date
on which it is first
announced by the
applicable rating agency.
Each change in the
Applicable Rate shall
apply during the period
commencing on the
effective date of such
change and ending on the
date immediately preceding
the effective date of the
next such change. If the
rating system of Moody’s
or S&P shall change, or if
either such rating agency
shall cease to be in the
business of rating
corporate debt
obligations, the Borrowers
and the Lenders shall
negotiate in good faith to
amend this definition to
reflect such changed
rating system or the
unavailability of ratings
from such rating agency
and, pending the
effectiveness of any such
amendment, the Applicable
Rate shall be determined
by reference to the rating
most recently in effect
prior to such change or
cessation.

      “Assignment and Acceptance” means an assignment and acceptance
entered into by a Lender and an assignee (with the consent of any party whose consent is
required by Section 10.04), and accepted by the Administrative Agent, in the form of
Exhibit B or any other
form approved by the Administrative Agent.

      “Attributable Debt” means, as to any particular lease under which any
Person is liable at the
time and at any date as of
which the amount thereof
is to be determined, the
lesser of (a) the fair
value of the property
subject to such lease (as
determined by the
Directors of the Company)
or (b) the total net
amount of rent required to
be paid by such Person
under such lease during
the remaining term
thereof, discounted from
the respective due dates
thereof to such date at
the actual interest factor
included in such rent. The
net amount of rent
required to be paid under
any such lease for any
such period shall be the
aggregate amount of the
rent payable by the lessee
with respect to

3

such period after
excluding amounts required
to be paid on account of
maintenance and repairs,
insurance, taxes,
assessments, water rates
and similar charges. In
the case of any lease
which is terminable by the
lessee upon the payment of
a penalty, such net amount
shall also include the
amount of such penalty,
but no rent shall be
considered as required to
be paid under such lease
subsequent to the first
date upon which it may be
so terminated.

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

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

      “Borrower” means the Company or any Borrowing Subsidiary.

      “Borrowing” means (a) Revolving Loans of the same Type and currency,
made, converted or
continued on the same date
and, in the case of
Eurocurrency Loans, as to
which a single Interest
Period is in effect or (b)
a Competitive Loan or
group of Competitive Loans
of the same Type made on
the same date and as to
which a single Interest
Period is in effect.

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

      “Borrowing Subsidiary” means, at any time, each Subsidiary that has been
designated as a Borrowing Subsidiary by the Company pursuant to Section 2.18 and that
has not ceased to be a Borrowing Subsidiary as provided in such Section or Article VII.

      “Borrowing Subsidiary Agreement” means a Borrowing Subsidiary
Agreement substantially in
the form of Exhibit A-1.

      “Borrowing Subsidiary Termination” means a Borrowing Subsidiary
Termination substantially
in the form of Exhibit A-2.

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

      “Capital Lease Obligations” of any Person means the obligations of such
Person to pay rent or
other amounts under any
lease of (or other
arrangement conveying the
right to use) real or
personal property, or a
combination thereof, which
obligations are required
to be classified and
accounted for as capital
leases on a balance sheet
of such Person under GAAP,
and the amount of such
obligations shall be the
capitalized amount thereof
determined in accordance
with GAAP.

      “Change in Control” means (a) the acquisition of ownership, directly or
indirectly, beneficially
or of record, by any
Person or group (within
the meaning of the
Securities Exchange Act of
1934 and the rules of the
Securities and Exchange

4

Commission thereunder as
in effect on the date
hereof), of shares
representing more than 30%
of the aggregate ordinary
voting power represented
by the issued and
outstanding capital stock
of the Company; or (b)
occupation of a majority
of the seats (other than
vacant seats) on the board
of directors of the
Company by Persons who are
not Continuing Directors.
For purposes of the
foregoing, “Continuing
Directors” shall mean (i)
the directors of the
Company on the date hereof
and (ii) each other
director nominated or
appointed by at least two
thirds of the Continuing
Directors at the time of
such nomination or
appointment.

      “Change in Law” means (a) the adoption of any law, rule or regulation
after the date of this
Agreement, (b) any change
in any law, rule or
regulation or in the
interpretation or
application thereof by any
Governmental Authority
after the date of this
Agreement or (c) compliance by any Lender (or, for purposes of Section 2.13(b), by any
lending office of such
Lender or by such Lender’s
holding company, if any)
with any request,
guideline or directive
(whether or not having the
force of law) of any
Governmental Authority
made or issued after the
date of this Agreement.

      “Chase” means The Chase Manhattan Bank and its successors.

      “Class”, when used in reference to any Loan or Borrowing, refers to
whether such Loan, or the
Loans comprising such
Borrowing, are Revolving
Loans or Competitive
Loans.

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

      “Commitment” means, with respect to each Lender, the commitment of
such Lender to make
Revolving Loans, expressed
as an amount representing
the maximum aggregate
permitted amount of such
Lender’s Revolving Credit
Exposure hereunder, as
such commitment may be (a)
reduced from time to time
pursuant to
Section 2.07 and (b) reduced or increased from time to time pursuant to assignments by
or to such Lender pursuant to Section 10.04. The initial amount of each Lender’s
Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance pursuant
to which such Lender shall
have assumed its
Commitment, as applicable.
The initial aggregate
amount of the Lenders’
Commitments is
$1,800,000,000.

      “Company” means TRW Inc., an Ohio corporation.

      “Competitive
Bid”
means
an
offer
by
a
Lender
to
make
a
Competitive
Loan
in
accordance
with
Section
2.04.

      “Competitive Bid Rate” means, with respect to any Competitive Bid, the
Margin or the Fixed Rate,
as applicable, offered by
the Lender making such
Competitive Bid.

      “Competitive
Bid
Request”
means
a
request
by
any
Borrower
for
Competitive
Bids
in
accordance
with
Section
2.04.

      “Competitive Loan” means a Loan made pursuant to Section 2.04.

5

      “Consolidated EBITDA” means, for any fiscal period, with respect to the
Company and its
consolidated Subsidiaries,
(a) Consolidated Net
Income for such period
plus (b) to the extent
deducted in computing such
Consolidated Net Income,
without duplication, the
sum of (i) income tax
expense, (ii) Consolidated
Interest Expense, (iii)
depreciation and
amortization expense, (iv)
any extraordinary or
non-recurring losses and
(v) other noncash items
(other than accruals)
reducing Consolidated Net
Income, minus (c) to the
extent added in computing
such Consolidated Net
Income, without
duplication, the sum of
(i) any extraordinary or
non-recurring gains and
(ii) other noncash items
(other than accruals)
increasing Consolidated
Net Income, all as
determined on a
consolidated basis in
accordance with GAAP;
provided that gains on
sales of the Company’s
equity investments in
publicly-traded companies
and pension income related
to LucasVarity will in no
event be subtracted under
this clause (c) for
purposes of computing
Consolidated EBITDA.

      “Consolidated Funded Debt” means the Funded Debt of the Company and
the consolidated Subsidiaries, determined on a consolidated basis in accordance with
GAAP.

      “Consolidated Interest Expense” means, for any period, the aggregate of
all interest expense of
the Company and its
consolidated Subsidiaries
for such period determined
on a consolidated basis in
accordance with GAAP.

      “Consolidated Net Assets” means the sum of (a) the total of all assets of
the Company and the
consolidated Subsidiaries
that would appear on a
consolidated balance sheet
of the Company prepared in
accordance with GAAP less
(b) Consolidated Net
Worth.

      “Consolidated Net Income” means, for any period, net income of the
Company and the
consolidated Subsidiaries
for such period,
determined on a
consolidated basis in
accordance with GAAP.

      “Consolidated Net Worth” means, at any date, the consolidated
shareholders’ investment
of the Company and the
consolidated Subsidiaries,
exclusive of foreign
currency translation
adjustment and unrealized
gains or losses on
securities as reported in
the Company’s financial
statements under “Other
Comprehensive Income,”
determined as of such
date. Consolidated
shareholders’ investment,
foreign currency
translation adjustment and
unrealized gains or losses
on securities of the
Company shall be as
included in the annual or
quarterly financial
statements of the Company,
as applicable.

      “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 or by contract.
“Controlling” and “Controlled” have
meanings correlative thereto.

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

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

6

      “Domestic Subsidiary” means each consolidated Subsidiary other than (a)
any consolidated
Subsidiary which the
Directors of the Company
reasonably determine not
to be material to the
business or financial
condition of the Company;
(b) any consolidated
Subsidiary the major
portion of the assets of
which are located, or the
major portion of the
business of which is
carried on, outside the
United States of America,
its territories and
possessions; (c) any
consolidated Subsidiary
which, during the 12 most
recent calendar months (or
such shorter period as
shall have elapsed since
its organization) derived
the major portion of its
gross revenues from
sources outside the United
States of America; (d) any
consolidated Subsidiary
the major portion of the
assets of which consists
of securities or
obligations, or both, of
one or more corporations
(whether or not
consolidated Subsidiaries)
of the types described in
the preceding clauses (b)
and (c); and (e) any
consolidated Subsidiary
organized after January 1,
2001 which the Company
intends shall be operated
in such manner as to come
within one or more of the
preceding clauses (b), (c)
and (d).

      “Effective Date” means the date on which the conditions specified in
Section 4.01 are satisfied (or waived in accordance with Section 10.02).

      “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,
together with a Borrower,
is treated as a single
employer under Section
414(b) or (c) of the Code
or, solely for purposes of
Section 302 of ERISA and
Section 412 of the Code,
is treated as a single
employer under Section 414
of the Code.

      “ERISA Event” means (a) any “reportable event”, as defined in
Section 4043 of ERISA or
the regulations issued
thereunder with respect to
a Plan (other than an
event for which the 30-day
notice period is waived);
(b) the existence with
respect to any Plan of an
“accumulated funding
deficiency” (as defined in
Section 412 of the Code or
Section 302 of ERISA),
whether or not waived; (c)
the filing pursuant to
Section 412(d) of the Code
or Section 303(d) of ERISA
of an application for a
waiver of the minimum
funding standard with
respect to any Plan; (d)
the incurrence by a
Borrower or any of its
ERISA Affiliates of any
liability under Title IV
of ERISA with respect to
the termination of any
Plan; (e) the receipt by a
Borrower or any ERISA
Affiliate from the PBGC or
a plan administrator of
any notice relating to an
intention to terminate any
Plan or Plans or to
appoint a trustee to
administer any Plan; (f)
the incurrence by a
Borrower or any of its
ERISA Affiliates of any
liability with respect to
the withdrawal or partial
withdrawal from any Plan
or Multiemployer Plan; or
(g) the receipt by a
Borrower or any ERISA
Affiliate of any notice,
or the receipt by any
Multiemployer Plan from a
Borrower or any ERISA
Affiliate of any notice,
concerning the imposition
of Withdrawal Liability or
a determination that a
Multiemployer Plan is, or
is expected to be,
insolvent or in
reorganization, within the
meaning of Title IV of
ERISA.

      “Eurocurrency”, when used in reference to any Loan or Borrowing, refers
to whether such Loan, or
the Loans comprising such
Borrowing, are bearing
interest at a rate
determined by reference to
the Adjusted LIBO Rate
(or, in the case of a
Competitive Loan, the LIBO
Rate).

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

7

      “Exchange Act” means the Securities Exchange Act of 1934, as amended
from time to time.

      “Excluded Taxes” means (i) with respect to each Lender, taxes imposed
on its net income, and
franchise or similar taxes
imposed on it, by a
jurisdiction under the
laws of which it is
organized or in which its
principal executive office
or applicable lending
office is located, and
(ii) any United States
withholding tax imposed on
such payment, but not
excluding any portion of
such tax that exceeds the
United States withholding
tax which would have been
imposed on such a payment
to such Lender under the
laws and treaties in
effect when such Lender
first becomes a party to
this Agreement.

      “Federal Funds Effective Rate” means, for any day, the weighted average
(rounded upwards, if
necessary, to the next
1/100 of 1%) of the rates
on overnight Federal funds
transactions with members
of the Federal Reserve
System arranged by Federal
funds brokers, as
published on the next
succeeding Business Day by
the Federal Reserve Bank
of New York, or, if such
rate is not so published
for any day that is a
Business Day, the average
(rounded upwards, if
necessary, to the next
1/100 of 1%) of the
quotations for such day
for such transactions
received by the
Administrative Agent from
three Federal funds
brokers of recognized
standing selected by it.

      “Financial Officer” means the chief financial officer, treasurer or
controller of the Company.

      “Five-Year Credit Agreement” means the Five-Year Credit Agreement
dated as of January 25,
2000 among the Company,
the borrowing subsidiaries
from time to time party
thereto, the lenders from
time to time party
thereto, Chase, as
administrative agent,
Chase Manhattan
International Limited, as
London agent and Salomon
Smith Barney Inc., as
syndication agent.

      “Fixed Rate” means, with respect to any Competitive Loan (other than a
Eurocurrency Competitive
Loan), the fixed rate of
interest per annum
specified by the Lender
making such Competitive
Loan in its related
Competitive Bid.

      “Fixed Rate Loan” means a Competitive Loan bearing interest at a Fixed
Rate.

      “Foreign Lender” means any Lender that is organized under the laws of a
jurisdiction other than
that in which the
applicable Borrower is
located. For purposes of
this definition, the
United States of America,
each State thereof and the
District of Columbia shall
be deemed to constitute a
single jurisdiction.

      “Foreign Subsidiary” means any Subsidiary that is not a Domestic
Subsidiary.

      “Funded Debt” means all Indebtedness of the type described in clauses (a)
and (b) of the definition
thereof having a maturity
of more than 12 months
from the date such
Indebtedness was incurred
or having a maturity of 12
months or less but by its
terms being renewable or
extendable beyond 12
months from the date such
Indebtedness was incurred
at the option of the
obligor.

8

      “GAAP” means generally accepted accounting principles in the United
States of
America
applied
in a
manner
consistent
with the
financial
statements
referred
to in
Section
3.04(a).

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

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

      “Guarantor Subsidiary” means any Subsidiary that shall have delivered to
the Administrative Agent
(a) a guarantee agreement
in form and substance
satisfactory to the
Administrative Agent under
which it shall guarantee
the payment of the
Obligations and (b) such
evidence as the
Administrative Agent may
reasonably have requested
(which may include an
opinion of counsel
qualified in any relevant
jurisdiction) as to the
corporate power and
authority of such
Subsidiary to enter into
and the enforceability of
such guarantee agreement
and such other matters
related to such guarantee
agreement as the
Administrative Agent may
reasonably have determined
to be material.

      “Indebtedness” of any Person means, without duplication, (a) all
obligations of such Person
for borrowed money or with
respect to deposits or
advances of any kind, (b)
all obligations of such
Person evidenced by bonds,
debentures, notes or
similar instruments, (c)
all obligations of such
Person upon which interest
charges are customarily
paid, (d) all obligations
of such Person under
conditional sale or other
title retention agreements
relating to property
acquired by such Person,
(e) all obligations of
such Person in respect of
the deferred purchase
price of property or
services (excluding
current accounts payable
incurred in the ordinary
course of business), (f)
all Indebtedness of others
secured by any Mortgage on
property owned or acquired
by such Person, whether or
not the Indebtedness
secured thereby has been
assumed, (g) all
Guarantees by such Person
of Indebtedness of others,
(h) all Capital Lease
Obligations of such
Person,
(i) all non-contingent obligations (and, for purposes of Section 6.02 and the definition of
Material Indebtedness, all
contingent obligations) of
such Person to reimburse
any bank or other Person
in respect of amounts paid
under letters of credit
and similar instruments
and (j) all obligations,
contingent or otherwise,
of such Person in respect
of bankers’ acceptances.
The Indebtedness of any
Person shall include the
Indebtedness of any other
entity (including any
partnership in which such
Person is a general
partner) to the extent

9

such Person is liable
therefor as a result of
such Person’s ownership
interest in or other
relationship with such
entity, except to the
extent the terms of such
Indebtedness provide that
such Person is not liable
therefor.

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

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

      “Interest Payment Date” means (a) with respect to any ABR Loan, the last
day of each March, June,
September and December,
(b) with respect to any
Eurocurrency Loan, the
last day of the Interest
Period applicable to the
Borrowing of which such
Loan is a part and, in the
case of a Eurocurrency
Borrowing with an Interest
Period of more than three
months’ duration, each day
prior to the last day of
such Interest Period that
occurs at intervals of
three months’ duration
after the first day of
such Interest Period and
(c) with respect to any
Fixed Rate Loan, the last
day of the Interest Period
applicable to the
Borrowing of which such
Loan is a part and, in the
case of a Fixed Rate
Borrowing with an Interest
Period of more than 90
days’ duration (unless
otherwise specified in the
applicable Competitive Bid
Request), each day prior
to the last day of such
Interest Period that
occurs at intervals of 90
days’ duration after the
first day of such Interest
Period, and any other
dates that are specified
in the applicable
Competitive Bid Request as
Interest Payment Dates
with respect to such
Borrowing.

      “Interest Period” means (a) with respect to any Eurocurrency Borrowing,
the period commencing on
the date of such Borrowing
and ending on the
numerically corresponding
day in the calendar month
that is one, two, three or
six months thereafter, as
the applicable Borrower
may elect and (b) with
respect to any Fixed Rate
Borrowing, the period
(which shall not be less
than 7 days or more than
360 days) commencing on
the date of such Borrowing
and ending on the date
specified in the
applicable Competitive Bid
Request; provided, that
(i) if any Interest Period
would end on a day other
than a Business Day, such
Interest Period shall be
extended to the next
succeeding Business Day
unless, in the case of a
Eurocurrency Borrowing
only, such next succeeding
Business Day would fall in
the next calendar month,
in which case such
Interest Period shall end
on the next preceding
Business Day and (ii) any
Interest Period pertaining
to a Eurocurrency
Borrowing that commences
on the last Business Day
of a calendar month (or on
a day for which there is
no numerically
corresponding day in the
last calendar month of
such Interest Period)
shall end on the last
Business Day of the last
calendar month of such
Interest Period. For
purposes hereof, the date
of a Borrowing initially
shall be the date on which
such Borrowing is made
and, in the case of a
Revolving Borrowing,
thereafter shall be the
effective date of the most
recent conversion or
continuation of such
Borrowing.

      “Judgment Currency” has the meaning assigned to such term in
Section 10.13(b).

      “Lenders” means the Persons listed on Schedule 2.01 and any other Person
that shall have become a
party hereto pursuant to
an Assignment and
Acceptance, other than any
such Person that shall
have ceased to be a party
hereto pursuant to an
Assignment and Acceptance.

10

      “LIBO Rate” means, with respect to any Eurocurrency Borrowing for any
Interest Period, the rate
appearing on Page 3750 of
the Telerate Service (or
on any successor or
substitute page of such
Service, or any successor
to or substitute for such
Service, providing rate
quotations comparable to
those currently provided
on such page of such
Service, as determined by
the Administrative Agent
from time to time for
purposes of providing
quotations of interest
rates applicable to dollar
deposits in the London
interbank market) at
approximately 11:00 a.m.,
London time, two Business
Days prior to the
commencement of such
Interest Period, as the
rate for dollar deposits
with a
maturity comparable to such Interest Period; provided that, to the extent that an interest
rate is not ascertainable pursuant to the foregoing provisions of this definition, the “LIBO
Rate” shall be the average (rounded upward, if necessary, to the next 1/100 of 1%) of the
respective interest rates per annum at which dollar deposits of such Borrowing are
offered for such Interest Period to major banks in the London interbank market by Chase
and Citibank, N.A. at approximately 11:00 a.m., London time, on the date two Business
Days prior to the beginning of such Interest Period.

      “Loan Documents” means this Agreement, each Borrowing Subsidiary
Agreement, each Borrowing
Subsidiary Termination,
and each promissory note
delivered pursuant to this
Agreement.

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

      “LucasVarity” shall mean LucasVarity Limited, formerly known as
LucasVarity plc, an
English company.

      “Margin” means, with respect to any Competitive Loan bearing interest at
a rate based on the LIBO
Rate, the marginal rate of
interest, if any, to be
added to or subtracted
from the LIBO Rate to
determine the rate of
interest applicable to
such Loan, as specified by
the Lender making such
Loan in its related
Competitive Bid.

      “Margin Stock” means “margin stock” as defined in Regulation U.

      “Material Adverse Effect” means a material adverse effect on (a) the
consolidated financial
condition of the Company
and the consolidated
Subsidiaries, taken as a
whole or (b) the ability
of the Company to perform
its payment obligations
under the Loan Documents.

      “Material Indebtedness” means Indebtedness (other than the Loans), of
any one or more of the Company and the Material Subsidiaries in an aggregate principal
amount exceeding $100,000,000.

      “Material Subsidiary” means (a) any Borrowing Subsidiary, (b) any
subsidiary that directly
or indirectly owns or
Controls any Borrowing
Subsidiary or other
Material Subsidiary and
(c) any other Subsidiary
whose assets (or, if such
Subsidiary has
subsidiaries, whose
consolidated assets) are
at least equal to
$100,000,000.

      “Maturity Date” means the first anniversary of the Termination Date.

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

11

      “Mortgage” has the meaning assigned to such term in Section 6.02.

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

      “Obligations” means the due and punctual payment of (a) the principal of
and premium, if any, and
interest (including
interest accruing during
the pendency of any
bankruptcy, insolvency,
receivership or other
similar proceeding,
regardless of whether
allowed or allowable in
such proceeding) on the
Loans made to any
Borrower, when and as due,
whether at maturity, by
acceleration, upon one or
more dates set for
prepayment or otherwise
and (b) all other monetary
obligations, including
fees, costs, expenses and
indemnities, whether
primary, secondary,
direct, contingent, fixed
or otherwise (including
monetary obligations
incurred during the
pendency of any
bankruptcy, insolvency,
receivership or other
similar proceeding,
regardless of whether
allowed or allowable in
such proceeding), of any
Borrower under this
Agreement and the other
Loan Documents.

      “Other Taxes” means any present or future stamp or documentary taxes
and any other excise or
property taxes, or similar
charges or levies, which
arise from any payment
made pursuant to this
Agreement or any Loan
Document or from the
execution, delivery,
registration or
enforcement of, or
otherwise with respect to,
this Agreement or any Loan
Document; provided that
Other Taxes shall not
include Excluded Taxes.

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

      “Permitted Subsidiary Indebtedness” means (a) Indebtedness under this
Agreement or the Five-Year
Credit Agreement, (b) any
Indebtedness of a
Subsidiary owed to the
Company or another
Subsidiary, (c)
Indebtedness of Guarantor
Subsidiaries, (d) any
Indebtedness deemed
incurred in connection
with one or more
receivables securitization
transactions entered into
by the Company and/or one
or more Subsidiaries in an
aggregate amount of up to
$500,000,000 (minus the
amount of any such
Indebtedness of the
Company) and (e) any
Indebtedness of a finance
Subsidiary with no
significant assets or
operations to the extent
(i) such Indebtedness is
Guaranteed by the Company
and is not Guaranteed, or
secured by assets or
obligations of, any other
Subsidiary, (ii) the
proceeds of such
Indebtedness are
dividended to the Company
or another Subsidiary or
advanced to the Company
and (iii) such finance
Subsidiary is not the
obligee in respect of any
Indebtedness of any other
Subsidiary.

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

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

      “Prime Rate” means the rate of interest per annum publicly announced
from time to time by The Chase Manhattan Bank as its prime rate in effect at its principal

12

office in New York City;
each change in the Prime
Rate shall be effective
from and including the
date such change is
publicly announced as
being effective.

      “Principal Property” means any single manufacturing plant, engineering
facility or research
facility owned or leased
by the Company or a
Domestic Subsidiary other
than any such plant or
facility or portion
thereof which the Board of
Directors reasonably
determines not to be of
material importance to the
Company and its
Subsidiaries taken as a
whole.

      “Register” has the meaning set forth in Section 10.04.

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

      “Required Lenders” means, at any time, Lenders having Revolving Credit
Exposures and unused
Commitments representing
more than 50% of the sum
of the total Revolving
Credit Exposures and
unused Commitments at such
time; provided that, for
purposes of declaring the
Loans to be due and
payable pursuant to
Article VII, and for all
purposes after the Loans
become due and payable
pursuant to Article VII or
the Commitments expire or
terminate, the outstanding
Competitive Loans of the
Lenders shall be included
in their respective
Revolving Credit Exposures
in determining the
Required Lenders.

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

      “Revolving Loan” means a Loan made pursuant to Sections 2.01 and
2.03.

      “Specified Company Indebtedness” means, at any time, (a) all
Indebtedness of the
Company secured by
Mortgages that would be
prohibited by Section
6.02 but for the
provisions of clause (h)
thereof; (b) all
Attributable Debt of the
Company related to Sale and Leaseback Transactions that would be prohibited by
Section 6.03
but for the provisions of
clause (b) thereof; (c)
all Indebtedness of the
Company secured by
Mortgages on capital stock
of or other equity
interests in Foreign
Subsidiaries; and (d) all
Indebtedness of the
Company that is secured by
Mortgages on accounts
receivable or that is
deemed to arise in
connection with
receivables securitization
transactions, but only to
the extent the amount of
such Indebtedness of the
Company and the Domestic
Subsidiaries so secured or
so arising exceeds
$500,000,000.

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

      “Statutory Reserve Rate” means a fraction (expressed as a decimal), the
numerator of which is the
number one and the
denominator of which is
the number one minus the
aggregate of the maximum
reserve percentages
(including any marginal,
special, emergency or
supplemental reserves)
expressed as a decimal
established by the Board
to which the
Administrative Agent is
subject for eurocurrency
funding (currently
referred to as
“Eurocurrency Liabilities”
in Regulation D of the
Board). Such reserve

13

percentages shall include
those imposed pursuant to
such Regulation D.
Eurocurrency Loans shall
be deemed to constitute
eurocurrency funding and
to be subject to such
reserve requirements
without benefit of or
credit for proration,
exemptions or offsets that
may be available from time
to time to any Lender
under such Regulation D or
any comparable regulation.
The Statutory Reserve Rate
shall be adjusted
automatically on and as of
the effective date of any
change in any reserve
percentage.

      “subsidiary” means, with respect to any Person (the “parent”) at any date,
any corporation, limited
liability company,
partnership, association
or other entity the
accounts of which would be
consolidated with those of
the parent in the parent’s
consolidated financial
statements if such
financial statements were
prepared in accordance
with GAAP as of such date,
as well as any other
corporation, limited
liability company,
partnership, association
or other entity (a) of
which securities or other
ownership interests
representing more than 50%
of the equity or more than
50% of the ordinary voting
power or, in the case of a
partnership, more than 50%
of the general partnership
interests are, as of such
date, owned, controlled or
held, or (b) that is, as
of such date, otherwise
Controlled, by the parent
or one or more
subsidiaries of the parent
or by the parent and one
or more subsidiaries of
the parent.

      “Subsidiary” means any subsidiary of the Company.

      “Taxes” means any and all present or future taxes or other charges of any
nature deducted, withheld
or otherwise imposed with
respect to any payment by
any Borrower pursuant to
this Agreement or any Loan
Document, and all
liabilities with respect
thereto other than
Excluded Taxes.

      “Termination Date” means January 22, 2002.

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

      “Type”, when used in reference to any Loan or Borrowing, refers to
whether the rate of
interest on such Loan, or
on the Loans comprising
such Borrowing, is
determined by reference to
the Adjusted LIBO Rate,
the Alternate Base Rate
or, in the case of a
Competitive Loan or
Borrowing, the LIBO Rate
or a Fixed Rate.

      “Wholly Owned Domestic Subsidiary” means each Domestic Subsidiary
all the outstanding shares
of which, other than
directors’ qualifying
shares, shall at the time
be owned by the Company or
by the Company and one or
more Wholly Owned Domestic
Subsidiaries, or by one or
more Wholly Owned Domestic
Subsidiaries.

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

      SECTION 1.02.
Classification of Loans and Borrowings. For purposes
of this Agreement, Loans may be classified and referred to by Class
(e.g. , a “Revolving
Loan”) or by Type (e.g., a “Eurocurrency Loan”)
or by Class and Type (e.g., a
“Eurocurrency Revolving Loan”). Borrowings also may be classified and referred to by

14

Class (e.g., a “Revolving Borrowing”) or by Type
(e.g., a “Eurocurrency Borrowing”) or
by Class and Type (e.g., a “Eurocurrency Revolving Borrowing”).

      SECTION 1.03. Terms Generally. The definitions of terms herein shall
apply equally to the
singular and plural forms
of the terms defined.
Whenever the context may
require, any pronoun shall
include the corresponding
masculine, feminine and
neuter forms. The words
“include”, “includes” and
“including” shall be
deemed to be followed by
the phrase “without
limitation”. The word
“will” shall be construed
to have the same meaning
and effect as the word
“shall”. Unless the
context requires otherwise
(a) any definition of or
reference to any
agreement, instrument or
other document herein
shall be construed as
referring to such
agreement, instrument or
other document as from
time to time amended,
supplemented or otherwise
modified (subject to any
restrictions on such
amendments, supplements or
modifications set forth
herein), (b) any reference
herein to any Person shall
be construed to include
such Person’s successors
and assigns, (c) the words
“herein”, “hereof” and
“hereunder”, and words of
similar import, shall be
construed to refer to this
Agreement in its entirety
and not to any particular
provision hereof, (d) all
references herein to
Articles, Sections,
Exhibits and Schedules
shall be construed to
refer to Articles and
Sections of, and Exhibits
and Schedules to, this
Agreement and (e) the
words “asset” and
“property” shall be
construed to have the same
meaning and effect and to
refer to any and all
tangible and intangible
assets and properties,
including cash,
securities, accounts and
contract rights.

      SECTION 1.04. Accounting Terms; GAAP. Except as otherwise
expressly provided herein,
all terms of an accounting
or financial nature shall
be construed in accordance
with GAAP, as in effect
from time to time;
provided that, if the
Company notifies the
Administrative Agent that
the Company requests an
amendment to any provision
hereof to eliminate the
effect of any change
occurring after the date
hereof in GAAP or in the
application thereof on the
operation of such
provision (or if the
Administrative Agent
notifies the Company 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.

ARTICLE II

The Credits

      SECTION 2.01. Commitments. Subject to the terms and conditions set
forth herein, each Lender
agrees to make Revolving
Loans to any Borrower from
time to time during the
Availability Period in
Dollars in an aggregate
principal amount that will
not result in (a) such
Lender’s Revolving Credit
Exposure exceeding its
Commitment or (b) the sum
of the total Revolving
Credit Exposures plus the
aggregate principal amount
of the outstanding
Competitive Loans
exceeding the total
Commitments. Within the
foregoing limits, and
subject to the terms and
conditions set forth
herein, any Borrower may
borrow, prepay and
reborrow Revolving Loans.

      SECTION 2.02. Loans and Borrowings. (a) Each Revolving Loan shall
be made as part of a Borrowing consisting of Revolving Loans made by the Lenders

15

ratably in accordance with their respective Commitments. Each Competitive Loan shall
be made in accordance with the procedures set forth in Section 2.04. The failure of any
Lender to make any Loan required to be made by it shall not relieve any other Lender of
its obligations hereunder;
provided that the
Commitments and
Competitive Bids of the
Lenders are several and no
Lender shall be
responsible for any other
Lender’s failure to make
Loans as required
hereunder.

      (b) Subject to Section 2.12, (i) each Revolving Borrowing shall be
comprised entirely of ABR
Loans or Eurocurrency
Loans as the applicable
Borrower may request in
accordance herewith, and
(ii) each Competitive
Borrowing shall be
comprised entirely of
Eurocurrency Loans or
Fixed Rate Loans as the
applicable Borrower may
request in accordance
herewith. Each Lender at
its option may make any
Eurocurrency Loan by
causing any domestic or
foreign branch or
Affiliate of such
Lender to make such Loan; provided that any exercise of such option shall not affect the
obligation of any Borrower to repay such Loan in accordance with the terms of this
Agreement.

      (c) At the commencement of each Interest Period for any Revolving
Borrowing, such Revolving
Borrowing shall be in an
aggregate amount that is
at least equal to
$10,000,000 and an
integral multiple of
$5,000,000; provided that
an ABR Revolving Borrowing
may be in an aggregate
amount that is equal to
the entire unused balance
of the total Commitments.
Each Competitive Borrowing
shall be in an aggregate
amount that is an integral
multiple of $5,000,000 and
not less than $10,000,000.
Borrowings of more than
one Type and Class may be
outstanding at the same
time; provided that there
shall not at any time be
more than a total of 20
Eurocurrency Revolving
Borrowings outstanding.

      (d) Notwithstanding any other provision of this Agreement, no Borrower
shall be entitled to
request, or to elect to
convert or continue, any
Borrowing if the Interest
Period requested with
respect thereto would end
after the Maturity Date.

      SECTION 2.03. Requests for Revolving Borrowings. To request a
Borrowing, the applicable
Borrower, or the Company
on behalf of the
applicable Borrower, shall
notify the Administrative
Agent of such request by
telephone (a) in the case
of a Eurocurrency
Borrowing, not later than
11:00 a.m., New York City
time, three Business Days
before the date of the
proposed Borrowing or (b)
in the case of an ABR
Borrowing, not later than
10:00 a.m., New York City
time, on the Business Day
of the proposed Borrowing.
Each such telephonic
Borrowing Request shall be
irrevocable and shall be
confirmed promptly by hand
delivery or telecopy to
the Administrative Agent
of a written Borrowing
Request in a form approved
by the Administrative
Agent and signed by the
applicable Borrower, or by
the Company on behalf of
the applicable Borrower.
Each such telephonic and
written Borrowing Request
shall specify the
following
information in compliance with Section 2.02:

		
	 	      (i) the Borrower requesting such Borrowing (or on whose behalf the
Company is requesting such Borrowing);
	 
	 	      (ii) the aggregate principal amount of the requested Borrowing;
	 
	 	      (iii) the date of the requested Borrowing, which shall be a Business Day;

16

		
	 	      (iv) whether the requested Borrowing is to be an ABR Borrowing or a
Eurocurrency Borrowing;
	 
	 	      (v) in
the case
of a
Eurocurrency
Borrowing,
the
initial
Interest
Period
to be
applicable
thereto,
which
shall be
a period
contemplated
by the
definition
of the
term
“Interest
Period”;
and
	 
	 	      (vi) the location and number of the Borrower’s account to which funds are
to be disbursed, which shall comply with the requirements of Section 2.05.

      If no election as to the
Type of Borrowing is
specified, then the
requested Borrowing shall
be an ABR Borrowing. If no
Interest Period is
specified with respect to
any requested Eurocurrency
Revolving Borrowing, then
the Borrower shall be
deemed to have selected an
Interest Period of one
month’s duration. Promptly
following receipt of a
Borrowing Request in
accordance with this
Section, the
Administrative Agent shall
advise each Lender of the
details thereof and of the
amount of such Lender’s
Loan to be made as part of
the requested Borrowing.

      SECTION 2.04. Competitive Bid Procedure. (a) Subject to the terms
and conditions set forth
herein, from time to time
during the Availability
Period any Borrower may
request Competitive Bids
and may (but shall not
have any obligation to)
accept Competitive Bids
and borrow Competitive
Loans, in each case
denominated in Dollars;
provided that after giving
effect to any Borrowing of
Competitive Loans the sum
of the total Revolving
Credit Exposures plus the
aggregate principal amount
of the outstanding
Competitive Loans shall
not exceed the total
Commitments. To request
Competitive Bids, the
Company or the applicable
Borrowing Subsidiary shall
notify the Administrative
Agent of such request by
telephone, in the case of
a Eurocurrency Borrowing,
not later than 11:00 a.m.,
New York City time, four
Business Days before the
date of the proposed
Borrowing and, in the case
of a Fixed Rate Borrowing,
not later than 10:00 a.m.,
New York City time, one
Business Day before the
date of the proposed
Borrowing; provided that
the Borrowers may submit
up to (but not more than)
three Competitive Bid
Requests on the same day.
Each such telephonic
Competitive Bid Request
shall be confirmed
promptly by hand delivery
or telecopy to the
Administrative Agent of a
written Competitive Bid
Request in a form approved
by the Administrative
Agent and signed by the
relevant Borrower. Each
such telephonic and
written Competitive Bid
Request shall specify the
following information in
compliance with
Section 2.02:

		
	 	      (i) the Borrower requesting such Borrowing (or on whose behalf the
Company is requesting such Borrowing);
	 
	 	      (ii) the aggregate principal amount of the requested Borrowing;
	 
	 	      (iii) the date of the requested Borrowing, which shall be a Business Day;
	 
	 	      (iv) whether such Borrowing is to be a Eurocurrency Borrowing or a
Fixed Rate Borrowing;
	 
	 	      (v) the Interest Period to be applicable to such Borrowing, which shall be
a period contemplated by the definition of the term “Interest Period”; and

17

		
	 	      (vi) the location and number of the Borrower’s account to which funds are
to be disbursed, which shall comply with the requirements of Section 2.05.

Promptly following receipt
of a Competitive Bid
Request in accordance with
this Section, the
Administrative Agent shall
notify the Lenders of the
details thereof by
telecopy, inviting the
Lenders to submit
Competitive Bids.

      (b) Each Lender may (but shall not have any obligation to) make one or
more Competitive Bids to
any Borrower in response
to a Competitive Bid
Request. Each Competitive
Bid by a Lender must be in
a form approved by the
Administrative Agent and
must be received by the
Administrative Agent by
telecopy, in the case of a
Eurocurrency Competitive
Borrowing, not later than
9:30 a.m., New York City
time, three Business Days
before the proposed date
of such Competitive
Borrowing, and in the case
of a Fixed Rate Borrowing,
not later than 9:30 a.m.,
New York City time, on the
proposed date of such
Competitive Borrowing.
Competitive Bids that do
not conform substantially
to the form approved by
the Administrative Agent
may be rejected by the
Administrative Agent, and
the Administrative Agent
shall notify the
applicable Lender as
promptly as practicable.
Each Competitive Bid shall
specify (i) the principal
amount (which shall be a
minimum of $5,000,000 and
an integral multiple of
$1,000,000 and which may
equal the entire principal
amount of the Competitive
Borrowing requested by the
relevant Borrower) of the
Competitive Loan or Loans
that the Lender is willing
to make, (ii) the
Competitive Bid Rate or
Rates at which the Lender
is prepared to make such
Loan or Loans (expressed
as a percentage rate per
annum in the form of a
decimal to no more than
four decimal places) and
(iii) the Interest Period
applicable to each such
Loan and the last day
thereof.

      (c) The Administrative Agent shall promptly notify the Company by
telecopy of the
Competitive Bid Rate and
the principal amount
specified in each
Competitive Bid and the
identity of the Lender
that shall have made such
Competitive Bid.

      (d) Subject only to the provisions of this paragraph, the applicable
Borrower may accept or
reject any Competitive
Bid. The applicable
Borrower shall notify the
Administrative Agent by
telephone, confirmed by
telecopy in a form
approved by the
Administrative Agent,
whether and to what extent
it has decided to accept
or reject each Competitive
Bid, in the case of a
Eurocurrency Competitive
Borrowing, not later than
10:30 a.m., New York City
time, three Business Days
before the date of the
proposed Competitive
Borrowing, and in the case
of a Fixed Rate Borrowing,
not later than 10:30 a.m.,
New York City time, on the
date of the proposed
Competitive Borrowing;
provided that (i) the
failure of such Borrower
to give such notice shall
be deemed to be a
rejection of each
Competitive Bid, (ii) such
Borrower shall not accept
a Competitive Bid made at
a particular Competitive
Bid Rate if such Borrower
rejects a Competitive Bid
made at a lower
Competitive Bid Rate,
(iii) the aggregate amount
of the Competitive Bids
accepted by such Borrower
shall not exceed the
aggregate amount of the
requested Competitive
Borrowing specified in the
related Competitive Bid
Request, (iv) to the
extent necessary to comply
with clause (iii) above,
such Borrower may accept
Competitive Bids at the
same Competitive Bid Rate
in part, which acceptance,
in the case of multiple
Competitive Bids at such
Competitive Bid Rate,
shall be made pro rata in
accordance with the amount
of each such Competitive
Bid, and (v) except
pursuant to clause (iv)
above, no Competitive Bid
shall be accepted for a
Competitive Loan unless
the amount of such
Competitive Loan is an
integral multiple of
$5,000,000; provided

18

further that if a
Competitive Loan must be
in an amount less than
$5,000,000 because of the
provisions of clause (iv)
above, such Competitive
Loan may have a minimum
amount of $1,000,000 and
in calculating the pro
rata allocation of
acceptances of portions of
multiple Competitive Bids
at a particular
Competitive Bid Rate
pursuant to clause (iv)
the amounts shall be
rounded to integral
multiples of $1,000,000 in
a manner determined by the
applicable Borrower. A
notice given by a Borrower
pursuant to this paragraph
shall be irrevocable.

      (e) The Administrative Agent shall promptly notify each bidding Lender
by telecopy whether or not
its Competitive Bid has
been accepted (and, if so,
the amount and Competitive
Bid Rate so accepted), and
each successful bidder
will thereupon become
bound, subject to the
terms and conditions
hereof, to make the
Competitive Loan in
respect of which its
Competitive Bid has been
accepted.

      (f) If the Administrative Agent shall elect to submit a Competitive Bid in
its capacity as a Lender,
it shall submit such
Competitive Bid directly
to the applicable Borrower
at least one quarter of an
hour earlier than the time
by which the other Lenders
are required to submit
their Competitive Bids to
the Administrative Agent
pursuant to paragraph (b)
of this Section.

      SECTION 2.05. Funding of Borrowings. (a) Each Lender shall make
each Loan to be made by it
hereunder on the proposed
date thereof by wire
transfer of immediately
available funds by 12:00
noon, New York City time,
to the account of the
Administrative Agent most
recently designated by it
for such purpose by notice
to the Lenders. The
Administrative Agent will
make such Loans available
to the relevant Borrower
by promptly crediting the
amounts so received, in
like funds, to an account
of the relevant Borrower
maintained by the
Administrative Agent and
designated by such
Borrower in the applicable
Borrowing Request or
Competitive Bid Request.

      (b) Unless the Administrative Agent shall have received notice from a
Lender prior to the
proposed date of any
Borrowing that such Lender
will not make available to
the Administrative Agent
such Lender’s share of
such Borrowing, the
Administrative Agent may
assume that such Lender
has made such share
available on such date in
accordance with paragraph
(a) of this Section and
may, in reliance upon such
assumption, make available
to the relevant Borrower a
corresponding amount. In
such event, if a Lender
has not in fact made its
share of the applicable
Borrowing available to the
Administrative Agent, then
the applicable Lender and
such Borrower severally
agree to pay to the
Administrative Agent
forthwith on demand such
corresponding amount with
interest thereon, for each
day from and including the
date such amount is made
available to such Borrower
to but excluding the date
of payment to the
Administrative Agent, at
the Federal Funds
Effective Rate. If such
Lender pays such amount to
the Administrative Agent,
then such amount shall
constitute such Lender’s
Loan included in such
Borrowing.

      SECTION 2.06. Interest Elections. (a) Each Revolving Borrowing
initially shall be of the
Type specified in the
applicable Borrowing
Request and, in the case
of a Eurocurrency
Revolving Borrowing, shall
have an initial Interest
Period as specified in
such Borrowing Request.
Thereafter, the relevant
Borrower may elect to
convert such Borrowing to
a different Type or to
continue such Borrowing
and, in the case of a
Eurocurrency Revolving
Borrowing, may elect
Interest Periods therefor,
all as provided in this
Section. A Borrower may
elect different options
with respect to

19

different portions of the
affected Borrowing, in
which case each such
portion shall be allocated
ratably among the Lenders
holding the Loans
comprising such Borrowing,
and the Loans comprising
each such portion shall be
considered a separate
Borrowing. This Section
shall not apply to
Competitive Borrowings,
which may not be converted
or continued.

      (b) To make an election pursuant to this Section, the Company or the
Borrowing Subsidiary (or
the Company on its behalf)
shall notify the
Administrative Agent of
such election by telephone
by the time that a
Borrowing Request would be
required under Section 2.03 if such Borrower were requesting a Revolving Borrowing of
the Type resulting from
such election to be made
on the effective date of
such election. Each such
telephonic Interest
Election Request shall be
irrevocable and shall be
confirmed promptly by hand
delivery or telecopy to
the Administrative Agent
of a written Interest
Election Request in a form
approved by the
Administrative Agent and
signed by the relevant
Borrower, or by the
Company on its behalf.

      (c)
Each
telephonic
and
written
Interest
Election
Request
shall
specify
the
following
information
in
compliance
with
Section
2.02:

		
	 	      (i) the
Borrowing
to which
such
Interest
Election
Request
applies
and, if
different
options
are
being
elected
with
respect
to
different
portions
thereof,
the
portions
thereof
to be
allocated
to each
resulting
Borrowing
(in
which
case the
information
to be
specified
pursuant
to
clauses
(iii)
and (iv)
below
shall be
specified
for each
resulting
Borrowing);
	 
	 	      (ii) the aggregate principal amount of the requested Borrowing;
	 
	 	      (iii)
the
effective
date of
the
election
made
pursuant
to such
Interest
Election
Request,
which
shall be
a
Business
Day;
	 
	 	      (iv) whether the resulting Borrowing is to be an ABR Borrowing or a
Eurocurrency Borrowing; and
	 
	 	      (v) if
the
resulting
Borrowing
is a
Eurocurrency
Borrowing,
the
Interest
Period
to be
applicable
thereto
after
giving
effect
to such
election,
which
shall be
a period
contemplated
by the
definition
of the
term
“Interest
Period”.

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

      (d) Promptly following receipt of an Interest Election Request, the
Administrative Agent shall
advise each Lender of the
details thereof and of
such Lender’s portion of
each resulting Borrowing.

      (e) If the relevant Borrower fails to deliver a timely Interest Election
Request with respect to a
Eurocurrency Revolving
Borrowing prior to the end
of the Interest Period
applicable thereto, then,
unless such Borrowing is
repaid as provided herein,
at the end of such
Interest Period such
Borrowing shall be
converted to an ABR
Borrowing. Notwithstanding
any contrary provision
hereof, if an Event of
Default has occurred and
is continuing and the
Administrative Agent, at
the request of the
Required

20

Lenders, so notifies the
Company, then, so long as
an Event of Default is
continuing (i) no
outstanding Revolving
Borrowing may be converted
to or continued as a
Eurocurrency Borrowing and
(ii) unless repaid, each
Eurocurrency Revolving
Borrowing shall be
converted to an ABR
Borrowing at the end of
the Interest Period
applicable thereto.

      SECTION 2.07. Termination and Reduction of Commitments. (a)
Unless previously
terminated, the Commitments shall terminate on the Termination Date.

      (b) The Company may at any time terminate, or from time to time
reduce, the Commitments;
provided that (i) each
reduction of the
Commitments shall be in an
amount that is an integral
multiple of $10,000,000
and (ii) the Company shall
not terminate or reduce
the Commitments if, after
giving effect to any
concurrent
prepayment of the Loans in accordance with Section 2.09, the sum of the Revolving
Credit Exposures plus the
aggregate principal amount
of outstanding Competitive
Loans would exceed the
total Commitments.

      (c) The Company shall notify the Administrative Agent of any election to
terminate or reduce the
Commitments under
paragraph (b) of this
Section at least one
Business Day prior to the
effective date of such
termination or reduction,
specifying such election
and the effective date
thereof. Promptly
following receipt of any
notice, the Administrative
Agent shall advise the
Lenders of the contents
thereof. Each notice
delivered by the Company
pursuant to this Section
shall be irrevocable;
provided that a notice of
termination of the
Commitments delivered by
the Company may state that
such notice is conditioned
upon the effectiveness of
other credit facilities,
in which case such notice
may be revoked by the
Company (by notice to the
Administrative Agent on or
prior to the specified
effective date) if such
condition is not
satisfied. Any termination
or reduction of the
Commitments shall be
permanent. Each reduction
of the Commitments shall
be made ratably among the
Lenders in accordance with
their respective
Commitments.

      SECTION 2.08. Repayment of Loans; Evidence of Debt. (a) Each
Borrower hereby
unconditionally promises
to pay (i) to the
Administrative Agent for
the account of each Lender
the then unpaid principal
amount of each Revolving
Loan on the Maturity Date
and (ii) to the
Administrative Agent for
the account of each Lender
the then unpaid principal
amount of each Competitive
Loan on the last day of
the Interest Period
applicable to such Loan.

      (b) Each Lender shall maintain in accordance with its usual practice an
account or accounts
evidencing the
indebtedness of each
Borrower to such Lender
resulting from each Loan
made by such Lender,
including the amounts of
principal and interest
payable and paid to such
Lender from time to time
hereunder.

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

21

      (d) The entries made in the accounts maintained pursuant to paragraph (b)
or (c) of this Section
shall, absent manifest
error, be prima facie
evidence of the existence
and amounts of the
obligations recorded
therein; provided that the
failure of any Lender or
the Administrative Agent
to maintain such accounts
or any error therein shall
not in any manner affect
the obligation of any
Borrower to repay the
Loans in accordance with
the terms of this
Agreement.

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

      SECTION 2.09. Prepayment of Loans. (a) Any Borrower shall have the
right at any time and from
time to time to prepay any
Borrowing of such Borrower
in whole or in part,
subject to prior notice in
accordance with paragraph
(c) of this Section;
provided that a Borrower
shall not have the right
to prepay any Competitive
Loan without the prior
consent of the Lender
thereof.

      (b) In the event and on each occasion that the sum of the aggregate
Revolving Credit Exposures
and the aggregate
outstanding principal
amount of the Competitive
Loans exceeds 105% of the
total Revolving
Commitments, the Borrowers
shall promptly prepay
Revolving Borrowings in an
aggregate amount equal to
such excess. The
Administrative Agent shall
promptly notify the
Company in the event it
determines that any
prepayment is required
under this paragraph.

      (c) The Company shall notify the Administrative Agent by telephone
(confirmed by telecopy) of
any prepayment hereunder
not later than 11:00 a.m.,
New York City time, one
Business Day before the
date of prepayment. Each
such notice shall be
irrevocable and shall
specify the prepayment
date and the principal
amount of each Borrowing
or portion thereof to be
prepaid; provided that, if
a notice of prepayment is
given in connection with a
conditional notice of
termination of the
Commitments as
contemplated by Section 2.07, then such notice of prepayment may be revoked if such
notice of termination is revoked in accordance with Section 2.07. Promptly following
receipt of any such notice relating to a Revolving Borrowing, the Administrative Agent
shall advise the Lenders of the contents thereof. Each partial prepayment of any
Revolving Borrowing shall be in an amount that would be permitted in the case of an
advance of a Revolving Borrowing of the same Type as provided in Section 2.02. Each
prepayment of a Revolving Borrowing shall be applied ratably to the Loans included in
the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the
extent required by Section 2.11.

      SECTION 2.10. Fees. (a) The Company agrees to pay to the
Administrative Agent for
the account of each Lender
a facility fee, which
shall accrue at the
Applicable Rate on the
daily amount of the
Commitment of such Lender
(whether used or unused)
during the period from and
including the date hereof
to but excluding the
date on which such Commitment terminates; provided that, if such Lender continues to

22

have any Revolving Credit
Exposure after its
Commitment terminates,
then such facility fee
shall continue to accrue
on the daily amount of
such Lender’s Revolving
Credit Exposure from and
including the date on
which its Commitment
terminates to, but
excluding, the date on
which such Lender ceases
to have any Revolving
Credit Exposure. Accrued
facility fees shall be
payable in arrears on the
last day of March, June,
September and December of
each year, on the date on
which the Commitments
terminate and on the
Maturity Date, commencing
on the first such date to
occur after the date
hereof; provided that any
facility fees accruing
after the Maturity Date
shall be payable on
demand. All facility fees
shall be computed on the
basis of a year of 365
days (or 366 days in the
case of a leap year) and
shall be payable for the
actual number of days
elapsed (including the
first day but excluding
the last day).

      (b) For any day on which the sum of the total Revolving Credit Exposure
plus the aggregate
principal amount of the
outstanding Competitive
Loans shall be greater
than 33-1/3% of the total
Commitments, and for each
day after the Commitments
shall have terminated, the
Borrowers shall pay to the
Administrative Agent for
the account of each Lender
a utilization fee which
shall accrue at the rate
of .125% per annum on the
aggregate amount of such
Lender’s outstanding Loans
on such day. The accrued
utilization fees, if any,
shall be payable in
arrears on the last day of
each March, June,
September and December and
on the date on which the
Commitments shall have
terminated and no Loans
shall be outstanding. All
utilization fees shall be
computed on the basis of a
year of 365 days (or 366
days in the case of a leap
year) and shall be payable
for the actual number of
days elapsed (including
the first day but
excluding the last day).

      (c) The Company agrees to pay to the Administrative Agent, for its own
account, fees payable in
the amounts and at the
times separately agreed
upon between the Company
and the Administrative
Agent.

      (d) All fees payable hereunder shall be paid on the dates due, in
immediately available
funds, to the
Administrative Agent for
distribution, in the case
of facility fees and
utilization fees, to the
Lenders. Fees paid shall
not be refundable absent
manifest error in payment
or computation.

      SECTION 2.11. Interest. (a) The Loans comprising each ABR
Borrowing shall bear
interest at the Alternate Base Rate.

      (b) The Loans comprising each Eurocurrency Borrowing shall bear
interest (i) in the case
of a Eurocurrency
Revolving Loan, at the
Adjusted LIBO Rate for the
Interest Period in effect
for such Borrowing plus
the Applicable Rate, or
(ii) in the case of a
Eurocurrency Competitive
Loan, at the LIBO Rate for
the Interest Period in
effect for such Borrowing
plus (or minus, as
applicable) the Margin
applicable to such Loan.

      (c) Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable
to such Loan.

      (d) Notwithstanding the foregoing, if any principal of or interest on any
Loan or any fee or other
amount payable by any
Borrower hereunder is not
paid when due, whether at
stated maturity, upon
acceleration or otherwise,
such overdue amount shall
bear interest, after as
well as before judgment,
at a rate per annum equal
to (i) in the

23

case of overdue principal
of any Loan, 2% plus the
rate otherwise applicable
to such Loan as provided
in the preceding
paragraphs of this Section
or (ii) in the case of any
other amount, 2% plus the
rate applicable to ABR
Loans as provided in
paragraph (a) of this
Section.

      (e) Accrued interest on each Loan shall be payable in arrears on each
Interest Payment Date for such Loan and, in the case of Revolving Loans, upon
termination of the Commitments; provided that (i) interest accrued pursuant to paragraph
(d) of this Section shall be payable on demand, (ii) in the event of any repayment or
prepayment of any Loan (other than a prepayment of an ABR Revolving Loan prior to
the end of the Availability Period), accrued interest on the principal amount repaid or
prepaid shall be payable on the date of such repayment or prepayment and (iii) in the
event of any conversion of any Eurocurrency Revolving Loan prior to the end of the
current Interest Period therefor, accrued interest on such Loan shall be payable on the
effective date of such conversion.

      (f) All interest hereunder shall be computed on the basis of a year of
360 days, except that
interest computed by
reference to the Alternate
Base Rate at times when
the Alternate Base Rate is
based on the Prime Rate
shall be computed on the
basis of a year of 365
days (or 366 days in a
leap year), and in each
case shall be payable for
the actual number of days
elapsed (including the
first day but excluding
the last day). The
applicable Alternate Base
Rate, Adjusted LIBO Rate
or LIBO Rate shall be
determined by the
Administrative Agent, and
such determination shall
be conclusive absent
manifest error.

      SECTION 2.12. Alternate Rate of Interest. If prior to the commencement
of any Interest Period for a Eurocurrency Borrowing:

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

	 
	 	      (b) the
Administrative
Agent is
advised
by the
Required
Lenders
(or, in
the case
of a
Eurocurrency
Competitive
Loan,
the
Lender
that is
required
to make
such
Loan)
that the
Adjusted
LIBO
Rate or
the LIBO
Rate, as
applicable,
for such
Interest
Period
will not
adequately
and
fairly
reflect
the cost
to such
Lenders
(or
Lender)
of
making
or
maintaining
their
Loans
(or its
Loan)
included
in such
Borrowing
for such
Interest
Period;

then the Administrative
Agent shall give notice
thereof to the Company and
the Lenders by telephone
or telecopy as promptly as
practicable thereafter
and, until the
Administrative Agent
notifies the Company and
the Lenders that the
circumstances giving rise
to such notice no longer
exist, (i) any Interest
Election Request that
requests the conversion of
any Revolving Borrowing
to, or continuation of any
Revolving Borrowing as, a
Eurocurrency Borrowing
shall be ineffective, (ii)
any Borrowing Request for
a Eurocurrency Revolving
Borrowing shall be deemed
a request for an ABR
Borrowing and (iii) any
request by a Borrower for
a Eurocurrency Competitive
Borrowing shall be ineffective; provided that if the circumstances giving rise to such
notice do not affect all the Lenders, then requests by a Borrower for Eurocurrency
Competitive Borrowings may be made to Lenders that are not affected thereby.

24

      SECTION 2.13. Increased Costs. (a) If any Change in Law shall:

		
	 	      (i)
impose,
modify
or deem
applicable
any
reserve,
special
deposit
or
similar
requirement
against
assets
of,
deposits
with or
for the
account
of, or
credit
extended
by, any
Lender
(except
any such
reserve
requirement
reflected
in the
Adjusted
LIBO
Rate);
or
	 
	 	      (ii)
impose
on any
Lender
or the
London
interbank
market
any
other
condition
affecting
this
Agreement
or
Eurocurrency
Loans or
Fixed
Rate
Loans
made by
such
Lender;

and the result of any of
the foregoing shall be to
increase the cost to such
Lender of making or
maintaining any
Eurocurrency Loan or Fixed
Rate Loan (or of
maintaining its obligation
to make any such Loan) or
to reduce the amount of
any sum received or
receivable by such Lender
hereunder (whether of
principal, interest or
otherwise), then the
Company will pay to such
Lender such additional
amount or amounts as will
compensate such Lender for
such additional costs
incurred or reduction
suffered.

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

      (c) A certificate of a Lender setting forth the amount or amounts
necessary to compensate
such Lender or its holding
company, as the case may
be, as specified in
paragraph (a) or (b) of
this Section shall be
delivered to the Company
and shall be conclusive
absent manifest error. The
Company shall pay such
Lender, as the case may
be, the amount shown as
due on any such
certificate within 15 days
after receipt thereof.

      (d) Failure or delay on the part of any Lender to demand compensation
pursuant to this Section shall not constitute a waiver of such Lender’s right to demand
such compensation;
provided that the Company
shall not be required to
compensate a Lender
pursuant to this Section
for any increased costs or
reductions incurred more
than 45 days prior to the
date that such Lender
notifies the Company of
the Change in Law giving
rise to such increased
costs or reductions and of
such Lender’s intention to
claim compensation
therefor; provided further
that, if the Change in Law
giving rise to such
increased costs or
reductions is retroactive,
then the 45-day period
referred to above shall be
extended to include the
period of retroactive
effect thereof.

      (e) Notwithstanding the foregoing provisions of this Section, a Lender
shall not be entitled to
compensation pursuant to
this Section in respect of
any Competitive Loan if
the Change in Law that
would otherwise entitle it
to such compensation shall
have been publicly
announced prior to
submission of the
Competitive Bid pursuant
to which such Loan was
made.

25

      SECTION 2.14. Break Funding Payments. In the event of (a) the
payment of any principal
of any Eurocurrency Loan
or Fixed Rate Loan other
than on the last day of an
Interest Period applicable
thereto (including as a
result of an Event of
Default), (b) the
conversion of any
Eurocurrency Loan other
than on the last day of
the Interest Period
applicable thereto, (c)
the failure to borrow,
convert, continue or
prepay any Revolving Loan
on the date specified in
any notice delivered
pursuant hereto, (d) the
failure to borrow any
Competitive Loan after
accepting the Competitive
Bid to make such Loan, or
(e) the assignment of any
Eurocurrency Loan or Fixed
Rate Loan other than on
the last day of the
Interest Period applicable
thereto as a result of a
request by the
Company pursuant to Section 2.17, then, in any such event, the Company shall
compensate each Lender for
the loss, cost and expense
attributable to such
event. In the case of a
Eurocurrency Loan, such
loss, cost or expense to
any Lender shall be deemed
to include an amount
determined by such Lender
to be the excess, if any,
of (i) the amount of
interest which would have
accrued on the principal
amount of such Loan had
such event not occurred,
at the Adjusted LIBO Rate
that would have been
applicable to such Loan,
for the period from the
date of such event to the
last day of the then
current Interest Period
therefor (or, in the case
of a failure to borrow,
convert or continue, for
the period that would have
been the Interest Period
for such Loan), over (ii)
the amount of interest
which would accrue on such
principal amount for such
period at the interest
rate which such Lender
would bid were it to bid,
at the commencement of
such period, for dollar
deposits of a comparable
amount and period from
other banks in the
eurocurrency market. A
certificate of any Lender
setting forth any amount
or amounts that such
Lender is entitled to
receive pursuant to this
Section shall be delivered
to the Company and shall
be conclusive absent
manifest error. The
Company shall pay such
Lender the amount shown as
due on any such
certificate within 15 days
after receipt thereof.

      SECTION 2.15. Taxes. (a) Each payment by a Borrower to or for the
account of a Lender
hereunder or under any
Loan Document shall be
made without deduction for
any Taxes or Other Taxes;
provided that, if a
Borrower shall be required
by law to deduct any Taxes
or Other Taxes from such
payment, (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) such
Lender receives an amount
equal to the sum it would
have received had no such
deduction been made, (ii)
such Borrower shall make
such deduction, (iii) such
Borrower shall pay the
full amount deducted to
the relevant taxation
authority or other
authority in accordance
with applicable law and
(iv) such Borrower shall
promptly furnish to the
Administrative
Agent, at its address specified in or pursuant to Section 10.01, the original or a certified
copy of a receipt
evidencing payment thereof
or other reasonably
satisfactory evidence
thereof.

      (b) The relevant Borrower shall indemnify each Lender for the full
amount of any Taxes or
Other Taxes (including,
without limitation, any
Taxes or Other Taxes
imposed or asserted
(whether or not correctly)
by any jurisdiction on
amounts payable under this
Section) paid by such
Lender with respect to
amounts paid by such
Borrower pursuant to this
Agreement or any Loan
Document, and any
liability (including
penalties, interest and
expenses) arising
therefrom or with respect
thereto. This
indemnification shall be
paid within 15 days after
the later of the date such
Lender makes demand
therefor and the date such
payment is made.

      (c) Each Lender organized under the laws of a jurisdiction outside the
United States, before it signs and delivers this Agreement in the case of each Lender

26

listed on the signature
pages hereof and before it
becomes a Lender in the
case of each other Lender,
and from time to time
thereafter if requested in
writing by the Company
(but only so long as such
Lender remains lawfully
able to do so), shall
provide the Company and
the Administrative Agent
with Internal Revenue
Service form W-8BEN or
W-8ECI in duplicate, as
appropriate, or any
successor form prescribed
by the Internal Revenue
Service, certifying that
such Lender is entitled to
benefits under an income
tax treaty to which the
United States is a party
which exempts such Lender
from United States
withholding tax or reduces
the rate of withholding
tax on payments of
interest for the account
of such Lender or
certifying that the income
receivable by it pursuant
to this Agreement is
effectively connected with
the conduct of a trade or
business in the United
States.

      (d) For any period with respect to which a Lender has failed to provide the
Company or the
Administrative Agent with
the appropriate form as
required by paragraph (c)
above (unless such failure
is due to a change in
treaty, law or regulation
occurring after the date
on which such form
originally was required to
be provided or results
from the Company’s failure
to make a timely written
request pursuant to
paragraph (c) above), such
Lender shall not be
entitled to
indemnification under
paragraphs (a) or (b)
above with respect to
Taxes imposed by the
United States; provided
that if a Lender, which is
otherwise exempt from or
subject to a reduced rate
of withholding tax,
becomes subject to Taxes
because of its failure to
deliver a form required
hereunder, the Borrowers
shall take such steps as
such Lender shall
reasonably request to
assist such Lender to
recover such Taxes.

      SECTION 2.16. Payments Generally; Pro Rata Treatment; Sharing of
Set-offs. (a) Each Borrower shall make each payment required to be made by it
hereunder or under any other Loan Document (whether of principal, interest, fees, or of
amounts payable under Section 2.13, 2.14 or 2.15, or otherwise) prior to 2:00 p.m., New
York City time, on the
date when due, in
immediately available
funds, without set-off or
counterclaim. All such
payments shall be made to
the Administrative Agent
to such account as it
shall from time to time
specify at its offices at
270 Park Avenue, New York,
New York, or, in any such
case, at such other
address as the
Administrative Agent shall
from time to time specify
in a notice delivered to
the Company; provided that
payments
pursuant to Section 2.13, Section 2.14, Section 2.15 and Section 10.03 shall be made
directly to the Persons
entitled thereto. The
Administrative Agent shall
distribute any such
payments received by it
for the account of any
other Person to the
appropriate recipient
promptly following receipt
thereof. If any payment
hereunder shall be due on
a day that is not a
Business Day, the date for
payment shall be extended
to the next succeeding
Business Day, and, in the
case of any payment
accruing interest,
interest thereon shall be
payable for the period of
such extension. All
payments hereunder shall
be made in Dollars.

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

27

      (c) If any Lender shall, by exercising any right of set-off or counterclaim
or otherwise, obtain
payment in respect of any
principal of or interest
on any of its Revolving
Loans resulting in such
Lender receiving payment
of a greater proportion of
the aggregate amount of
its Revolving Loans and
accrued interest thereon
than the proportion
received by any other
Lender, then the Lender
receiving such greater
proportion shall purchase
(for cash at face value)
participations in the
Revolving Loans of other
Lenders to the extent
necessary so that the
benefit of all such
payments shall be shared
by the Lenders ratably in
accordance with the
aggregate amount of
principal of
and accrued interest on their respective Revolving Loans; provided
that (i) if any such
participations are purchased and all or any portion of the payment giving rise thereto is
recovered, such participations shall be rescinded and the purchase price restored to the
extent of such recovery, without interest, and (ii) the provisions of this paragraph shall
not be construed to apply to any payment made by any Borrower pursuant to and in
accordance with the express terms of this Agreement or any payment obtained by a
Lender as consideration for the assignment of or sale of a participation in any of its
Loans to any assignee or participant, other than to the Company or any Subsidiary or
Affiliate thereof (as to which the provisions of this paragraph shall apply). Each
Borrower consents to the foregoing and agrees, to the extent it may effectively do so
under applicable law, that any Lender acquiring a participation pursuant to the foregoing
arrangements may exercise against such Borrower rights of set-off and counterclaim with
respect to such participation as fully as if such Lender were a direct creditor of the
Borrower in the amount of such participation.

      (d) Unless the Administrative Agent shall have received notice from the
Company prior to the date
on which any payment is
due to the Administrative
Agent for the account of
the Lenders hereunder that
the relevant Borrower will
not make such payment, the
Administrative Agent may
assume that such Borrower
has made such payment on
such date in accordance
herewith and may, in
reliance upon such
assumption, distribute to
the Lenders, the amount
due. In such event, if
such Borrower has not in
fact made such payment,
then each of the Lenders
severally agrees to repay
to the Administrative
Agent forthwith on demand
the amount so distributed
to such Lender with
interest thereon, for each
day from and including the
date such amount is
distributed to it to but
excluding the date of
payment to the
Administrative Agent, at
the greater of the Federal
Funds Effective Rate and a
rate determined by the
Administrative Agent in
accordance with banking
industry rules on
interbank compensation.

      (e) If any Lender shall fail to make any payment required to be made by
it pursuant to Section 2.05(b) or 2.16(d), then the Administrative Agent may, in its
discretion
(notwithstanding any
contrary provision
hereof), apply any amounts
thereafter received by the
Administrative Agent for
the account of such Lender
to satisfy such Lender’s
obligations under such
Sections until all such
unsatisfied obligations
are fully paid.

      SECTION 2.17. Mitigation Obligations; Replacement of Lenders. (a) If
any Lender requests compensation under Section 2.13, or if any Borrower is required to
pay any additional amount to any Lender or any Governmental Authority for the account
of any Lender pursuant to Section 2.15, then such Lender shall use reasonable efforts to
designate a different
lending office for funding
or booking its Loans
hereunder or to assign its
rights and obligations
hereunder to another of
its offices, branches or
affiliates, if, in the
judgment of such Lender,
such designation or
assignment (i) would
eliminate or
reduce amounts payable pursuant to Section 2.13 or 2.15, as the case may be, in the

28

future and (ii) would not
subject such Lender to any
unreimbursed cost or
expense and would not
otherwise be
disadvantageous to such
Lender.

      (b) If any Lender requests compensation under Section 2.13, or if any
Borrower is required to pay any additional amount to any Lender or any Governmental
Authority for the account of any Lender pursuant to Section 2.15, or if any Lender
defaults in its obligation
to fund Loans hereunder,
then the Company may, at
its sole expense and
effort, upon notice to
such Lender and the
Administrative Agent,
require such Lender to
assign and delegate,
without recourse (in
accordance with and
subject to
the restrictions contained in Section 10.04), all its interests, rights and obligations under
the Loan Documents (other
than any outstanding
Competitive Loans held by
it) to an assignee that
shall assume such
obligations (which
assignee may be another
Lender, if a
Lender accepts such assignment); provided that (i) the Company shall have received the
prior written consent of the Administrative Agent, which consent shall not unreasonably
be withheld, (ii) such Lender shall have received payment of an amount equal to the
outstanding principal of its Loans (other than Competitive Loans), accrued interest
thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to
the extent of such outstanding principal and accrued interest and fees) or the Company
(in the case of all other amounts) and (iii) in the case of any such assignment resulting
from a claim for compensation under Section 2.13 or payments required to be made
pursuant to Section 2.15, such assignment will result in a reduction in such compensation
or payments. A Lender
shall not be required to
make any such assignment
and delegation if, prior
thereto, as a result of a
waiver by such Lender or
otherwise, the
circumstances entitling
the Company to require
such assignment and
delegation cease to apply.

      SECTION 2.18. Borrowing Subsidiaries. On or after the Effective Date,
the Company may designate
any Subsidiary of the
Company as a Borrowing
Subsidiary by delivery to
the Administrative Agent
of a Borrowing Subsidiary
Agreement executed by such
Subsidiary and the
Company, and upon such
delivery such Subsidiary
shall for all purposes of
this Agreement be a
Borrowing Subsidiary and a
party to this Agreement
until the Company shall
have executed and
delivered to the
Administrative Agent a
Borrowing Subsidiary
Termination with respect
to such Subsidiary,
whereupon such Subsidiary
shall cease to be a
Borrowing Subsidiary and a
party to this Agreement.
Notwithstanding the
preceding sentence, no
Borrowing Subsidiary
Termination will become
effective as to any
Borrowing Subsidiary at a
time when any principal of
or interest on any Loan to
such Borrowing Subsidiary
shall be outstanding
hereunder, provided that
such Borrowing Subsidiary
Termination shall be
effective to terminate
such Borrowing
Subsidiary’s right to make
further Borrowings under
this Agreement. Promptly
following receipt of any
Borrowing Subsidiary
Agreement, the
Administrative Agent shall
send a copy thereof to
each Lender.

      SECTION 2.19. Foreign Subsidiary Costs. (a) If the cost to any Lender
of making or maintaining
any Loan to a Borrowing
Subsidiary is increased
(or the amount of any sum
received or receivable by
any Lender (or its
applicable lending office)
is reduced) by an amount
deemed in good faith by
such Lender to be
material, by reason of the
fact that such Borrowing
Subsidiary is incorporated
in, or conducts business
in, a jurisdiction outside
the United States, such
Borrowing Subsidiary shall
indemnify such Lender for
such increased cost or
reduction within 15 days
after demand by such
Lender (with a copy to the
Administrative Agent). A
certificate of such Lender
claiming compensation
under this paragraph and
setting forth the
additional amount or
amounts to

29

be paid to it hereunder
(and the basis for the
calculation of such amount
or amounts) shall be
conclusive in the absence
of manifest error.

      (b) Each Lender will promptly notify the Company and the
Administrative Agent of
any event of which it has
knowledge that will
entitle such Lender to
additional interest or
payments pursuant to
paragraph (a) above, but
in any
event within 45 days after
such Lender obtains actual
knowledge thereof;
 provided that (i) if any
Lender fails to give such
notice within 45 days
after it obtains actual
knowledge of such an
event, such Lender shall,
with respect to
compensation payable
pursuant to
this Section 2.19 in respect of any costs resulting from such event, only be entitled to
payment under this Section 2.19 for costs incurred from and after the date 45 days prior
to the date that such
Lender does give such
notice and (ii) each
Lender will designate a
different applicable
lending office, if, in the
judgment of such Lender,
such designation will
avoid the need for, or
reduce the amount of, such
compensation and will not
be otherwise
disadvantageous to such
Lender.

ARTICLE III

Representations and Warranties

The Company represents and warrants to the Lenders that:

      SECTION 3.01. Organization; Powers. The Company and each
Borrowing Subsidiary is
duly organized, validly
existing and in good
standing under the laws of
the jurisdiction of its
organization, has all
requisite power and
authority to carry on its
business as now conducted
and, except where the
failure to do so,
individually or in the
aggregate, could not
reasonably be expected to
result in a Material
Adverse Effect, is
qualified to do business
in, and is in good
standing in, every
jurisdiction where such
qualification is required.

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

      SECTION 3.03. Governmental Approvals; No Conflicts. The
Transactions require no
action by or in respect
of, or filing with, any
governmental body, agency
or official (other than
(i) Exchange Act reporting
requirements and (ii)
actions which have been
taken, and filings which
have been made, and are in
full force and effect) and
do not and will not
contravene, or constitute
a default under, any
provision of applicable
law or regulation or of
the Amended Articles of
Incorporation or
Regulations (or comparable
documents) of the Company
or any Borrowing
Subsidiary or of any
agreement for borrowed
money or other material
agreement binding upon the
Company or any Borrowing
Subsidiary.

30

      SECTION 3.04. Financial Condition; No Material Adverse Change.
(a) The Company has
heretofore furnished to
the Lenders its
consolidated balance sheet
and statements of income,
stockholders equity and
cash flows (i) as of and
for the fiscal year ended
December 31, 1999,
reported on by Ernst &
Young LLP, independent
public accountants, and
(ii) as of and for the
fiscal quarter and the
portion of the fiscal year
ended September 30, 2000.
Such financial statements
present fairly, in all
material respects, the
financial position and
results of operations and
cash flows of the Company
and the consolidated
Subsidiaries as of such
dates and for such periods
in accordance with GAAP,
subject to year-end audit
adjustments and the
absence of footnotes in
the case of the statements
referred to in clause (ii)
above.

      (b) As of the date of this Agreement, there has been no material adverse
change in the business,
financial position or
results of operations of
the Company and the
consolidated Subsidiaries,
taken as a whole, since
December 31, 1999.

      SECTION 3.05. Litigation and Environmental Matters. (a) As of the
date of this Agreement,
there are no material
legal proceedings, other
than ordinary routine
litigation incidental to
the business, to which the
Company or any of the
consolidated Subsidiaries
is a party or to which any
of their respective
properties is subject that
are required to be
disclosed in the Company’s
periodic reports under the
Exchange Act and that have
not been so disclosed or
that involve this
Agreement, any other Loan
Document or the
Transactions.

      (b) The Company has established accruals for matters that are probable
and reasonably estimable
as required by FASB
Statement No. 5,
“Accounting for
Contingencies.” To the
Company’s knowledge, any
liability that may result
from the resolution of
known environmental
matters in excess of
amounts accrued therefor
will not have a Material
Adverse Effect.

      SECTION 3.06. Investment and Holding Company Status. Neither the
Company nor any of the
Borrowing Subsidiaries is
(a) an “investment
company” as defined in, or
subject to regulation
under, the Investment
Company Act of 1940 or (b)
a “holding company” as
defined in, or subject to
regulation under, the
Public Utility Holding
Company Act of 1935.

      SECTION 3.07. Taxes. As of the date of this Agreement, the Company
and the consolidated
Subsidiaries have timely
filed or caused to be
filed all material Tax
returns and reports
required to have been
filed and has paid or
caused to be paid all
Taxes required to have
been paid by it, except
(a) Taxes that are being
contested in good faith by
appropriate proceedings
and for which the Company
or such Subsidiary, as
applicable, has set aside
on its books adequate
reserves or (b) to the
extent that the failure to
do so could not reasonably
be expected to result in a
Material Adverse Effect.

      SECTION 3.08. ERISA. As of the date of this Agreement, no ERISA
Event has occurred or is
reasonably expected to
occur that, when taken
together with all other
such ERISA Events for
which liability is
reasonably expected to
occur, could reasonably be
expected to result in a
Material Adverse Effect.
As of the date of this
Agreement, each member of
the controlled group of
corporations (as defined
in Section 414(b) of the
Code) which includes the
Company has fulfilled its
obligations under the
minimum funding standards
of ERISA and the Code with
respect to each defined
benefit plan maintained by
the Company and the
consolidated Subsidiaries.

31

ARTICLE IV

Conditions

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

		
	 	      (a) The
Administrative
Agent
(or its
counsel)
shall
have
received
from
each
party
hereto
either
(i) a
counterpart
of this
Agreement
signed
on
behalf
of such
party or
(ii)
written
evidence
satisfactory
to the
Administrative
Agent
(which
may
include
telecopy
transmission
of a
signed
signature
page of
this
Agreement)
that
such
party
has
signed a
counterpart
of this
Agreement.
	 
	 	      (b) The
Administrative
Agent
shall
have
received
the
favorable
written
opinions
(addressed
to the
Administrative
Agent
and the
Lenders
and
dated
the
Effective
Date) of
the
General
Counsel
of the
Company,
substantially
in the
form of
Exhibit
C, and
covering
such
other
matters
relating
to the
Borrowers,
this
Agreement,
the
other
Loan
Documents
or the
Transactions
as the
Administrative
Agent or
the
Required
Lenders
shall
reasonably
request.
The
Borrowers
hereby
request
such
counsel
to
deliver
such
opinion.
	 
	 	      (c) The
Administrative
Agent
shall
have
received
such
documents
and
certificates
as the
Administrative
Agent or
its
counsel
may
reasonably
request
relating
to the
organization,
existence
and good
standing
of each
of the
Borrowers,
the
authorization
of the
Transactions
and any
other
legal
matters
relating
to the
Borrowers,
this
Agreement,
the
other
Loan
Documents
or the
Transactions,
all in
form and
substance
satisfactory
to the
Administrative
Agent
and its
counsel.
	 
	 	      (d) The
Administrative
Agent
shall
have
received
a
certificate,
dated
the
Effective
Date and
signed
by the
President,
a Vice
President
or a
Financial
Officer
of the
Company,
confirming
compliance
with the
conditions
set
forth in
paragraphs (a) and (b) of Section 4.02.
	 
	 	      (e) The
Administrative
Agent
shall
have
received
all fees
and
other
amounts
due and
payable
on or
prior to
the
Effective
Date,
including,
to the
extent
invoiced,
reimbursement
or
payment
of all
out-of-pocket
expenses
required
to be
reimbursed
or paid
by the
Company
hereunder
or under
any
other
Loan
Document.

The Administrative Agent
shall notify the Company
and the Lenders of the
Effective Date, and such
notice shall be conclusive
and binding.
Notwithstanding the
foregoing, the obligations
of the Lenders to make
Loans hereunder shall not
become effective unless
each of the foregoing conditions is satisfied (or waived pursuant to Section 10.02) on or
prior to January 23, 2001
(and, in the event such
conditions are not so
satisfied or waived, the
Commitments shall
terminate at such time).

32

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

		
	 	      (a) The
representations
and
warranties
of the
Borrowers
set
forth in
this
Agreement
shall be
true and
correct
on and
as of
the date
of such
Borrowing
(except
that, in
the case
of the
representations
and
warranties
set
forth in
Section 3.04(b), Section 3.05, Section 3.07 and Section 3.08, such representations
and warranties shall be true and correct on and as of the date of this Agreement).
	 
	 	      (b) At
the time
of and
immediately
after
giving
effect
to such
Borrowing,
no
Default
shall
have
occurred
and be
continuing.

Each Borrowing shall be
deemed to constitute a
representation and
warranty by the Borrowers
on the date thereof as to
the matters specified in
paragraphs (a) and (b) of
this Section.

      SECTION 4.03. Initial Credit Event for each Borrowing Subsidiary. The
obligation of each Lender
to make Loans to any
Borrowing Subsidiary is
subject to the
satisfaction of the
following conditions:

		
	 	      (a) The
Administrative
Agent
(or its
counsel)
shall
have
received
such
Borrowing
Subsidiary’s
Borrowing
Subsidiary
Agreement
duly
executed
by all
parties
thereto.
	 
	 	      (b) The
Administrative
Agent
shall
have
received
a
favorable
written
opinion
of
counsel
for such
Borrowing
Subsidiary
reasonably
satisfactory
to the
Administrative
Agent,
substantially
in the
form of
Exhibit
D and
covering
such
other
matters
relating
to such
Borrowing
Subsidiary
or its
Borrowing
Subsidiary
Agreement
as the
Administrative
Agent
shall
reasonably
request.
	 
	 	      (c) The
Administrative
Agent
shall
have
received
such
documents
and
certificates
as the
Administrative
Agent or
its
counsel
may
reasonably
request
relating
to the
organization,
existence
and good
standing
of such
Borrowing
Subsidiary,
the
authorization
of the
Transactions
insofar
as they
relate
to such
Borrowing
Subsidiary
and any
other
legal
matters
relating
to such
Borrowing
Subsidiary,
its
Borrowing
Subsidiary
Agreement
or such
Transactions,
all in
form and
substance
satisfactory
to the
Administrative
Agent
and its
counsel.

ARTICLE V

Affirmative Covenants

      Until the Commitments have expired or been terminated and the principal
of and interest on each
Loan and all fees payable
hereunder shall have been
paid in full, the Company
covenants and agrees with
the Lenders that:

      SECTION 5.01. Financial
Statements and Other Information. The
Company will furnish to
the Administrative Agent and each Lender:

33

		
	 	      (a)
promptly
upon the
availability
thereof
and in
any
event
within
120 days
after
each
fiscal
year, a
copy of
the
Company’s
Annual
Report
to
Shareholders
and its
Annual
Report
on Form
10-K for
the
fiscal
year
then
ended,
as filed
with the
Securities
and
Exchange
Commission
and
which
will
include
an
annual
audit
report
of the
Company,
prepared
on a
consolidated
basis
and in
accordance
with the
Company’s
then
current
method
of
accounting,
which
method
must be
in
accordance
with
GAAP,
duly
certified
by
independent
certified
public
accountants
of
nationally
recognized
standing
selected
by the
Company;
	 
	 	      (b)
promptly
upon the
availability
thereof
and in
any
event
within
60 days
after
each
fiscal
quarter
(except
the last
fiscal
quarter)
of each
fiscal
year, a
copy of
the
Company’s
Quarterly
Report
on Form
10-Q for
the
fiscal
quarter
then
ended,
as filed
with the
Securities
and
Exchange
Commission;
	 
	 	      (c)
contemporaneously
with the
furnishing
of a
copy of
each
Annual
Report
on Form
10-K
provided
for in
paragraph
(a) and
of each
Quarterly
Report
on Form
10-Q
provided
for in
paragraph
(b), a
duly
completed
certificate
of a
Financial
Officer
of the
Company
in the
form of
Exhibit
E (each
such
certificate
called a
“Compliance
Certificate”),
showing
compliance
with the
covenants
set
forth in Sections 6.07 and 6.08, and certifying that no Default or Event of Default
has occurred and is continuing or, if there is any such an event, describing it and
the steps, if any, being taken to cure it;
	 
	 	      (d)
within
five
Business
Days
after
any
Financial
Officer
obtains
knowledge
of any
Default,
if such
Default
is then
continuing,
a
certificate
of a
Financial
Officer
setting
forth
the
details
thereof
and the
action
which
the
Company
is
taking
or
proposes
to take
with
respect
thereto;
	 
	 	      (e)
promptly
upon the
filing
thereof,
copies
of each
Current
Report
on Form
8-K
filed by
the
Company
with the
SEC; and
	 
	 	      (f) from
time to
time
such
additional
information
concerning
the
Company
as the
Administrative
Agent,
at the
request
of any
Lender,
may
reasonably
request.

Information required to be
delivered pursuant to
paragraph (a), (b) or (e)
above shall be deemed to
have been delivered on the
date on which the Company
provides notice to the
Lenders that such
information has been
posted on the Company’s
website on the internet at
the website address listed
on the signature pages
hereof, at
sec.gov/edaux/searches.
htm or at another website
identified in such notice
and accessible by the
Lenders without charge;
provided that (i) such
notice may be included in
a certificate delivered
pursuant to paragraph (c)
above and (ii) the Company
shall deliver paper copies
of the information
referred to in paragraph
(e) above to any Lender
which requests such
delivery.

      SECTION 5.02. Existence; Conduct of Business. The Company will, and
will cause each of the
Borrowing Subsidiaries to,
do or cause to be done all
things necessary to
preserve, renew and keep
in full force and effect
its legal existence and
the rights, licenses,
permits, privileges and
franchises material to the
conduct of its business;
provided that the
foregoing shall not
prohibit any merger,
consolidation, liquidation
or
dissolution permitted under Section 6.04.

34

      SECTION 5.03. Use of Proceeds. The Borrowers will use the proceeds
of the Loans only for
general corporate
purposes, including
commercial paper backup
and the financing of
acquisitions. No part of
the proceeds of any Loan
will be used, whether
directly or indirectly,
for any purpose that
entails a violation of any
of the Regulations of the
Board, including
Regulations U and X.

ARTICLE VI

Negative Covenants

      Until the Commitments have expired or terminated and the principal of
and interest on each Loan
and all fees payable
hereunder have been paid
in full, the Company
covenants and agrees with
the Lenders that:

      SECTION 6.01. Indebtedness of Subsidiaries. The Company will not
permit the sum of (a) the
aggregate outstanding
principal amount of
Indebtedness of
Subsidiaries (other than
Permitted Subsidiary
Indebtedness) and (b)
Specified Company
Indebtedness at any time
to exceed 15% of
Consolidated Net Assets.

      SECTION 6.02. Mortgages. The Company will not, and will not permit
any Domestic Subsidiary
to, directly or
indirectly, create or
assume any mortgage,
encumbrance, lien, pledge,
charge, or security
interest of any kind
(collectively and
individually, a
“Mortgage”) upon or in any
of its interests in any
Principal Property or upon
or in any shares of
capital stock or
Indebtedness of any
Domestic Subsidiary,
whether such interest,
capital stock or
Indebtedness is now owned
or hereafter acquired, if
such mortgage secures or
is intended to secure,
directly or indirectly,
the payment of
any Indebtedness; excluding, however, from the operation of this Section 6.02:

		
	 	      (a)
Mortgages
on any
Principal
Property
acquired,
constructed,
or
improved
by the
Company
or any
Domestic
Subsidiary
after
January
1, 2000,
which
are
created
or
assumed
contemporaneously
with, or
within
120 days
after,
such
acquisition
or
completion
of such
construction
or
improvement
to
secure
or
provide
for the
payment
of any
part of
the
purchase
price of
such
Principal
Property
or the
cost of
such
construction
or
improvement
incurred
after
January
1, 2000,
or, in
addition
to
Mortgages
contemplated
by
clauses
(b) and
(c)
below,
Mortgages
on any
such
Principal
Property
existing
at the
time or
placed
thereon
at the
time of
acquisition
or
leasing
thereof
by the
Company
or any
Domestic
Subsidiary,
or
conditional
sales
agreements
or other
title
retention
agreements
with
respect
to any
Principal
Property
now
owned or
leased
or
hereafter
acquired
or
leased
by the
Company
or a
Domestic
Subsidiary;
	 
	 	      (b)
Mortgages
on
property
(including
shares
of
capital
stock or
Indebtedness
of a
corporation)
of a
corporation
existing
at the
time
such
corporation
becomes
a
Domestic
Subsidiary
or is
merged
or
consolidated
with the
Company
or a
Domestic
Subsidiary
or
existing
at the
time of
a sale,
lease,
or other
disposition
of the
properties
of such
corporation
(or a
division
thereof)
or other
Person
as an
entirety
or
substantially
as an
entirety
(which
includes
the
sale,
lease,
or other
disposition
of all
or
substantially
all the
assets
thereof)
to the
Company
or a
Domestic
Subsidiary,
provided
that no
such
Mortgage
shall
extend

35

      

		
	 	to any other Principal Property of the Company or any Domestic Subsidiary or to
any shares of capital stock or any Indebtedness of any Domestic
Subsidiary;
	 
	 	      (c)
Mortgages
created
by the
Company
or a
Domestic
Subsidiary
to
secure
Indebtedness
of the
Company
or a
Domestic
Subsidiary
to the
Company
or to a
wholly
owned
Subsidiary;
	 
	 	      (d)
Mortgages
in favor
of the
United
States
of
America
or any
State,
territory
or
possession
thereof,
or any
foreign
country
or any
department,
agency,
instrumentality,
or
political
subdivision
of any
of such
domestic
or
foreign
jurisdictions
to
secure
partial,
progress,
advance
or other
payments
pursuant
to any
contract
or
statute
or to
secure
any
Indebtedness
incurred
for the
purpose
of
financing
all or
any part
of the
purchase
price
of, or
the cost
of
constructing,
the
property
subject
to such
Mortgages;
	 
	 	      (e)
Mortgages
for the
sole
purpose
of
extending,
renewing,
or
replacing
(or
successively
extending,
renewing,
or
replacing)
in whole
or in
part any
mortgage
existing
on
January
1, 2000,
or
referred
to in
the
foregoing
clauses
(a)
to (d) inclusive or of any Indebtedness secured thereby;
provided, however, that
the principal amount of Indebtedness secured thereby shall not exceed the
principal amount of Indebtedness so secured at the time of such extension,
renewal, or replacement and that such extension, renewal, or replacement
Mortgage shall be limited to all or a part of the property which secured the
Mortgage so extended, renewed, or replaced (plus improvements on such
property);
	 
	 	      (f) Mortgages on Margin Stock, if and to the extent that the value of such
Margin Stock exceeds 25% of the total assets of the Company and its Subsidiaries
subject to this Section;
	 
	 	      (g)
Mortgages
under
which
effective
provision
is made
for all
Loans to
be
secured
equally
and
ratably
with any
other
Indebtedness
secured,
directly
or
indirectly,
thereby;
and
	 
	 	      (h)
Mortgages
(other
than
Mortgages
permitted
by any
of the
foregoing
clauses)
if, at
the time
of
creation
or
assumption
thereof
and
after
giving
effect
thereto,
the
aggregate
principal
amount
of (i)
the
Indebtedness
secured
by such
Mortgages
and (ii)
the
Attributable
Indebtedness
related
to Sale
and
Leaseback
Transactions permitted under clause (b) of Section 6.03 does not exceed 5% of
Consolidated
Net
Assets,
determined
as of a
date not
more
than 95
days
prior to
such
creation
or
assumption.

      SECTION 6.03. Sale and Lease-Back Transactions. (a) The Company
will not, and will not
permit any Domestic
Subsidiary to, sell, lease
or transfer any Principal
Property owned by the
Company or a Domestic
Subsidiary as an entirety,
or any substantial portion
thereof, to anyone other
than a Wholly Owned
Domestic Subsidiary (or
the Company or a Wholly
Owned Domestic Subsidiary
in the case of a Domestic
Subsidiary) with the
intention of taking back a
lease of such property
(herein
referred to as a “Sale and Leaseback Transaction”) except a lease for a period of not more
than 36 months by the end of which it is intended that the use of such property by the
lessee will be discontinued; provided, that notwithstanding the foregoing, the Company

36

or any Domestic Subsidiary
may sell any such property
and lease it back if the
net proceeds of such sale
are at least equal to the
fair value (as determined
by resolution adopted by
the Board of Directors of
the Company) of such
property, and (i) the
Company or such Domestic
Subsidiary would be
entitled pursuant to
paragraphs (a)-(g)
of
Section 6.02 to create
Indebtedness secured by a
Mortgage on the property
to be leased in an amount
equal to the Attributable
Debt with respect to such
Sale and Leaseback
Transaction without
equally and ratably
securing all the Loans, or
(ii) if such sale or
transfer does not come
within the exception
provided by the preceding
clause (i), the net
proceeds of such sale
shall, and in any such
case the Company covenants
that they will, within 120
days after such sale, be
applied (to the greatest
extent possible) either to
the repayment of the Loans
then outstanding when due
(whereupon the Commitments
shall be reduced, on a pro
rata basis, to the extent
that such net proceeds are
so applied) or to the
retirement of Consolidated
Funded Debt of the Company
ranking at least on a
parity with the Loans, or
in part to one or more of
such alternatives and in
part to another.

      (b)
Notwithstanding the
provisions of paragraph
(a) above, the Company
and/or any Domestic
Subsidiary may enter into
Sale and Leaseback
Transactions if, at the
time of such entering
into, and after giving
effect thereto, the
aggregate amount of (i)
Attributable Indebtedness
related to such Sale and
Leaseback Transactions and
(ii)
Indebtedness secured by Mortgages permitted under clause (h) of Section 6.02 does not
exceed 5% of Consolidated
Net Assets, determined as
of a date not more than 95
days prior to such
creation or assumption.

      SECTION 6.04. Fundamental Changes. The Company will not merge
into or consolidate with
any other Person, or
permit any other Person to
merge into or consolidate
with it, or sell,
transfer, lease or
otherwise dispose of (in
one transaction or in a
series of transactions)
all or substantially all
of its assets (whether now
owned or here- after
acquired), or liquidate or
dissolve, except that, if
at the time thereof and
immediately after giving
effect thereto no Default
shall have occurred and be
continuing (i) any Person
may merge into the Company
in a transaction in which
the Company is the
surviving corporation and
(ii) the Company may merge
into or consolidate with
any other Person in a
transaction the primary
purpose of which is to
effect a reincorporation
of the Company under the
laws of another state.

      SECTION 6.05. ERISA. The Company will not allow an ERISA Event
to occur that, when taken
together with all other
ERISA Events that have
occurred, could reasonably
be expected to result in a
Material Adverse Effect.

      SECTION 6.06. Change in Control. The Company will not permit to
occur any Change in Control.

      SECTION 6.07. Interest Coverage Ratio. The Company will not permit
the ratio of (a)
Consolidated EBITDA to (b)
Consolidated Interest
Expense, in each case for
any period of four
consecutive fiscal
quarters ending on or
after December 31, 2000,
to be less than 3.00 to 1.00.

      SECTION 6.08. Minimum Consolidated Net Worth. The Company will
not permit Consolidated
Net Worth to be less, at
any date, than the sum of
(i) $1,600,000,000, (ii)
50% of Consolidated Net
Income for each completed
fiscal quarter of the
Company that shall have
begun after December 31,
1999 (excluding any

37

fiscal quarter for which
Consolidated Net Income is
negative), and (iii) 50%
of the amount by which
Consolidated Net Worth is
increased after the date
hereof as a result of
issuances of equity
securities by the Company.

ARTICLE VII

Events of Default

		
	 	      If any of the following events (“Events of
Default”) shall occur:
	 
	 	      (a)
default in the
payment when due
of any principal
of any Loan or
default in the
payment when due
of interest
on any Loan or
fees payable
by any
Borrower
hereunder
and
continuance
of such
failure
to pay
interest
or fees
for five
Business
Days
after
written
notice
thereof
to the
Company
from the
Administrative
Agent at
the
request
of the
Lender
to which
such
amounts
are
owed;
	 
	 	      (b) a
default
in the
payment
when due
at
maturity
or on
the date
of any
required
prepayment,
redemption
or
repurchase
(subject
to any
applicable
grace
period)
or by
acceleration
of any
Material
Indebtedness,
or a
default
in the
performance
or
observance
of any
obligation
or
condition
with
respect
to any
Material
Indebtedness
if such
default
results
in the
acceleration
of the
maturity
of such
Material
Indebtedness;
provided
that, if
any such
default
shall
subsequently
be
remedied,
cured,
or
waived
prior to
either
the
termination
of the
Commitments
or the
declaration
that all
Loans
are
immediately
due and
payable,
in each
case
pursuant
to this
Article
VII, and
as a
result
the
payment
of such
Material
Indebtedness
is no
longer
due, the
Event of
Default
existing
hereunder
by
reason
thereof
shall
likewise
be
deemed
thereupon
to be
remedied,
cured,
or
waived
and no
longer
in
existence,
all
without
any
further
action
by the
parties
hereto;
	 
	 	      (c) the
Company
or any
Material
Subsidiary
generally
fails to
pay, or
admits
in
writing
its
inability
to pay,
debts as
they
become
due; or
the
Company
or any
Material
Subsidiary
applies
for,
consents
to, or
acquiesces
in the
appointment
of, a
trustee,
receiver,
or other
custodian
for the
Company
or any
Material
Subsidiary
or for a
substantial
part of
the
property
thereof,
or makes
a
general
assignment
for the
benefit
of
creditors;
or, in
the
absence
of such
application,
consent
or
acquiescence,
a
trustee,
or
receiver,
or other
custodian
is
appointed
for the
Company
or any
Material
Subsidiary
or for a
substantial
part of
the
property
of the
Company
or any
Material
Subsidiary;
or any
bankruptcy,
reorganization,
debt
arrangement,
or other
case or
proceeding
under
any
bankruptcy
or
insolvency
law, or
any
dissolution
or
liquidation
proceeding
is
commenced
in
respect
of the
Company
or any
Material
Subsidiary
and if
such
case or
proceeding
is not
commenced
by the
Company
or any
Material
Subsidiary,
it is
consented
to or
acquiesced
in by
the
Company
or any
Material
Subsidiary
or
remains
for 90
consecutive
days
undismissed
or
unstayed;
or the
Company
or any
Material
Subsidiary
takes
any
corporate
action
to
authorize
any of
the
foregoing;
	 
	 	      (d) failure by the Company to comply with or to perform in any material
respect any provision of this Agreement (provided that in the case of the

38

		
	 	provisions
of
Article
VI, the
preceding
standard
shall be
applied
without
regard
to
materiality)
(which
failure
does not
constitute
an Event
of
Default
under
any of
the
preceding
subsections
of this
Article
VII)
and, in
the case
of any
provision
contained in Article V or in Section 6.01, 6.02, 6.03 or 6.05, continuance of such
failure
for 30
days
after
written
notice
thereof
to the
Company
from the
Administrative
Agent at
the
request
of
Required
Lenders;
	 
	 	      (e) any
representation
or
warranty
made by
the
Company
in
Article
III of
this
Agreement
or by
any
other
Borrower
in the
applicable
Borrowing
Subsidiary
Agreement
is
breached
or is
incorrect
when
made (or
deemed
made) in
any
material
respect
and,
with
respect
to any
representation
or
warranty
other
than
those contained in Sections 3.04(b), 3.05, 3.07 and 3.08, the Company shall fail
to take
corrective
actions
reasonably
satisfactory
to the
Required
Lenders
within
30 days
after
written
notice
thereof
to the
Company
from the
Administrative
Agent at
the
request
of the
Required
Lenders;
	 
	 	      (f) any
final
and
nonappealable
judgment
or order
from a
judicial
or
administrative
body
(which
order or
judgment
is fully
enforceable
against
the
Company
or a
Borrowing
Subsidiary,
as the
case may
be, in
courts
of the
United
States
of
America
or any
state
thereof)
for the
payment
of money
in
excess
of
$100,000,000
(after
adjustments
to
reflect
reductions
for
credits
and
set-offs
asserted
in good
faith by
the
Company
or such
Borrowing
Subsidiary)
shall be
rendered
against
the
Company
or a
Borrowing
Subsidiary,
shall
not have
been
discharged
or
vacated
and
shall
have
been in
effect,
in its
final
and
unappealable
form,
for a
period
of 30
consecutive
days;
	 
	 	      (g) the
Guarantee
of the
Company
set
forth in
Article
IX shall
cease at
any time
to be in
full
force
and
effect,
or any
party
hereto
(other
than a
Lender)
shall so
assert
in
writing;

then, and in every such
event (other than an event
with respect to any
Borrower described in
clause (c) of this
Article), and at any time
thereafter during the
continuance of such event,
the Administrative Agent,
at the request of the
Required Lenders, shall,
by notice to the Company,
take either or both of the
following actions, at the
same or different times:
(i) terminate the
Commitments, and thereupon
the Commitments shall
terminate immediately, and
(ii) declare the Loans
then outstanding to be due
and payable in whole (or
in part, in which case any
principal not so declared
to be due and payable may
thereafter be declared to
be due and payable), and
thereupon the principal of
the Loans so declared to
be due and payable,
together with accrued
interest thereon and all
fees and other obligations
of the Borrowers accrued
hereunder, shall become
due and payable
immediately, without
presentment, demand,
protest or other notice of
any kind, all of which are
hereby waived by each
Borrower; and in case of
any event with respect to
any Borrower described in
clause (c) of this
Article, the Commitments
shall automatically
terminate and the
principal of the Loans
then outstanding, together
with accrued interest
thereon and all fees and
other obligations of the
Borrowers accrued
hereunder, shall
automatically become due
and payable, without
presentment, demand,
protest or other notice of
any kind, all of which are
hereby waived by each
Borrower.

      The Administrative Agent shall give notice to the Company (i) under
paragraph (a) above
promptly upon being
requested to do so by the
relevant Lender and (ii)
under paragraphs (d) and
(e) above promptly upon
being requested to do so
by the

39

Required Lenders and, in
each case, after having
done so, shall notify all
the Lenders thereof.

ARTICLE VIII

The Administrative Agent

      In order to expedite the transactions contemplated by this Agreement,
Chase is hereby appointed
to act as Administrative
Agent on behalf of the
Lenders. Each of the
Lenders and each assignee
of any such Lender hereby
irrevocably authorizes the
Administrative Agent to
take such actions on
behalf of such Lender or
assignee and to exercise
such powers as are
delegated to the
Administrative Agent by
the terms of the Loan
Documents, together with
such actions and powers as
are reasonably incidental
thereto.

      With respect to the Loans made by it hereunder, the Administrative Agent
in its individual capacity
and not as Administrative
Agent shall have the same
rights and powers as any
other Lender and may
exercise the same as
though it were not the
Administrative Agent, and
the Administrative Agent
and its Affiliates in
their respective
individual capacities may
accept deposits from, lend
money to and generally
engage in any kind of
business with the Company
or any Subsidiary or other
Affiliate thereof as if it
were not the
Administrative Agent.

      The Administrative Agent shall not have any duties or obligations except
those expressly set forth
in the Loan Documents.
Without limiting the
generality of the
foregoing, (a) the
Administrative Agent shall
not be subject to any
fiduciary or other implied
duties, regardless of
whether a Default has
occurred and is
continuing, (b) the
Administrative Agent shall
not have any duty to take
any discretionary action
or exercise any
discretionary powers,
except discretionary
rights and powers
expressly contemplated by
the Loan Documents that
the Administrative Agent
is required to exercise in
writing by the Required
Lenders (or such other
number or percentage of
the Lenders as shall be
necessary under the circumstances as provided in Section 10.02), and (c) except as
expressly set forth in the
Loan Documents, the
Administrative Agent shall
not have any duty to
disclose, and the
Administrative Agent shall
not be liable for the
failure to disclose, any
information relating to
the Company or any of its
Subsidiaries that is
communicated to or
obtained by the
institution serving as
Administrative Agent or
any of its Affiliates in
any capacity. The
Administrative Agent shall
not be liable for any
action taken or not taken
by it with the consent or
at the request of the
Required Lenders (or such
other number or percentage
of the Lenders as shall be
necessary under the
circumstances as provided in Section 10.02) or in the absence of its own culpable
negligence, bad faith or
wilful misconduct. The
Administrative Agent shall
not be deemed to have
knowledge of any Default
other than a Default of
the types specified in
clause (a) and (b) of
Article VII unless and
until written notice
thereof is given to the
Administrative Agent by a
Borrower or a Lender, and
the Administrative Agent
shall not be responsible
for or have any duty to
ascertain or inquire into
(i) any statement,
warranty or representation
made in or in connection
with the Loan Documents,
(ii) the contents of any
certificate, report or
other document delivered
hereunder or in connection
herewith, (iii) the
performance or observance
of any of the covenants,
agreements or other terms
or conditions set forth
herein or therein, (iv)
the validity,
enforceability,
effectiveness or
genuineness of the Loan
Documents or any other
agreement, instrument

40

or document, or (v) the
satisfaction of any
condition set forth in
Article IV or elsewhere
herein or elsewhere in any
Loan Document, other than
to confirm receipt of
items expressly required
to be delivered to the
Administrative Agent.

      The Administrative Agent shall be entitled to rely upon, and shall not
incur any liability for
relying upon, any notice,
request, certificate,
consent, statement,
instrument, document or
other writing believed by
it in good faith to be
genuine and to have been
signed or sent by the
proper Person. The
Administrative Agent also
may rely upon any
statement made to it
orally or by telephone and
believed by it in good
faith to be made by the
proper Person, and shall
not incur any liability
for relying thereon. The
Administrative Agent may
consult with legal counsel
(who may be counsel for
any Borrower), independent
accountants and other
experts selected by it,
and shall not be liable
for any action taken or
not taken by it in
accordance with the advice
of any such counsel,
accountants or experts.

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

      Subject to the appointment and acceptance of a successor Administrative
Agent as provided in this
paragraph, the
Administrative Agent may
resign at any time by
notifying the Lenders and
the Company. Upon any such
resignation, the Required
Lenders shall have the
right, in consultation
with the Company, to
appoint a successor. If no
successor shall have been
so appointed by the
Required Lenders and shall
have accepted such
appointment within 30 days
after the retiring
Administrative Agent gives
notice of its resignation,
then the retiring
Administrative Agent may,
on behalf of the Lenders,
appoint a successor
Administrative Agent which
shall be a bank with an
office in New York, New
York, or an Affiliate of
any such bank. Upon the
acceptance of its
appointment as
Administrative Agent
hereunder by a successor,
such successor shall
succeed to and become
vested with all the
rights, powers, privileges
and duties of the retiring
Administrative Agent, and
the retiring
Administrative Agent shall
be discharged from its
duties and obligations
hereunder. The fees
payable by the Company to
a successor Administrative
Agent shall be the same as
those payable to its
predecessor unless
otherwise agreed between
the Company and such
successor. After the
Administrative Agent’s
resignation hereunder, the
provisions of this Article
and
Section
10.03 shall continue in
effect for the benefit of
such retiring
Administrative Agent, its
sub-agents and their
respective Related Parties
in respect of any actions
taken or omitted to be
taken by any of them while
it was acting as
Administrative Agent.

      Each Lender acknowledges that it has, independently and without reliance
upon the Administrative
Agent or any other Lender
and based on such
documents and information
as it has deemed
appropriate, made its own
credit analysis and
decision to enter into
this Agreement. Each
Lender also acknowledges
that it will,
independently and without
reliance upon the
Administrative Agent or
any other Lender and based
on such documents and
information as it shall
from time to time deem
appropriate, continue to
make its own decisions in
taking or not taking
action under or based upon
this

41

Agreement or any other
Loan Document or any
related agreement or any
document furnished
hereunder or thereunder.

      None of the Syndication Agent or the Co-Documentation Agents, in their
capacities as such, shall
have any duties or obligations of any kind under this Agreement.

ARTICLE IX

Guarantee

      The Company hereby unconditionally, absolutely and irrevocably
guarantees, as primary
obligor and not merely as
surety, the repayment to
each Lender, when due
pursuant to the terms and
conditions of this
Agreement, of the amount
of any Loan made pursuant
to this Agreement to a
Borrowing Subsidiary,
together with accrued
interest on such Loan, at
the place and in the
currency and manner
specified in this
Agreement; provided,
however, that before any
amount shall be deemed due
and payable pursuant to
this Guarantee, the
Administrative Agent must
first give notice to the
Company of the nonpayment
thereof by the Borrowing
Subsidiary at the request
of the relevant Lender,
and the Company shall have
five Business Days from
the receipt of such notice
to cure or cause to be
cured any and all such
nonpayments. The Company’s
obligations hereunder
constitute a guaranty of
payment and not of
collection merely. The
Company hereby waives
notice of, and consents
to, any extensions of time
of payment, renewals,
compromises, settlements,
releases or other
indulgences from time to
time granted by the
Lenders in respect of
Loans made to Borrowing
Subsidiaries. Except as
otherwise provided in this
Article IX, the Company
hereby waives presentment,
protest, demand of
payment, notice of
dishonor and all notices
and demands whatsoever.
The obligations of the
Company hereunder shall
not be released,
discharged or otherwise
affected by (i) any change
in the corporate existence
or constitution, structure
or ownership of any
Borrowing Subsidiary or
the Company, (ii) any
insolvency, bankruptcy,
reorganization or similar
proceeding affecting the
Borrowing Subsidiary or
its assets or the Company
or (iii) the existence of
any claim, set-off or
other rights which the
Company may have at any
time against any Lender or
any other Person. If at
any time any payment of
any obligation guaranteed
hereunder is rescinded or
must otherwise be restored
or returned upon the
insolvency, bankruptcy or
reorganization of a
Borrowing Subsidiary or
otherwise, the Company’s
obligations under this
Article IX with respect to
such payment shall be
reinstated at such time as
though such payment had
not been made. If
acceleration of the time
for payment of any amount
payable by any Borrowing
Subsidiary under this
Agreement or its Loans is
stayed upon any
bankruptcy, insolvency or
reorganization of such
Borrowing Subsidiary or
otherwise, all such
amounts otherwise subject
to acceleration under the
terms of this Agreement
shall nonetheless be
payable by the Company
pursuant to this Article
IX in accordance with the
terms hereof. The Company
shall not exercise any of
its subrogation rights
with respect to amounts
paid to a Lender pursuant
to this Article IX until
all amounts guaranteed
hereunder payable to any
Lender have been paid in
full and the Commitments
have terminated. Following
such payment in full and
termination of the
Commitments, the Company
shall be entitled to
subrogation in the
Lenders’ rights and, upon
the reasonable request of
the Company, each Lender
agrees to cooperate with
the Company in enforcement
of the Company’s
subrogation rights,
including the transfer and
delivery by such Lender to
the Company of any and all
related evidence of
indebtedness within the
possession or control of
such Lender.

42

      The Administrative Agent shall give notice to the Company pursuant to
the proviso set forth in
the first sentence of this
Article promptly upon
being requested to do so
by the relevant Lender.

ARTICLE X

Miscellaneous

      SECTION 10.01. Notices. Except in the case of notices and other
communications expressly
permitted to be given by
telephone, all notices and
other communications
provided for herein shall
be in writing and shall be
delivered by hand or
overnight courier service,
mailed by certified or
registered mail or sent by
telecopy, as follows:

		
	 	      (a) if to any Borrower, to it in care of the Company at 1900 Richmond
Road, Cleveland, Ohio 44124, Attention of Ronald P. Vargo, Vice President and
Treasurer (Telecopy No. (216) 291-7831), with a copy to TRW Inc., 1900
Richmond Road, Cleveland, Ohio 44124, Attention of Secretary (Telecopy No.
(216) 291-7070);
	 
	 	      (b) if
to the
Administrative
Agent,
to The
Chase
Manhattan
Bank,
Loan and
Agency
Services
Group,
One
Chase
Manhattan
Plaza,
8th
Floor,
New
York,
New York
10081,
Attention
of Jesus
Sang
(Telecopy
No.
(212)
552-5658),
with a
copy to
The
Chase
Manhattan
Bank,
270 Park
Avenue,
New York
10017,
Attention
of Karen
May
Sharf
(Telecopy
No.
(212)
270-5127);
and
	 
	 	      (c) if to any other Lender, to it at its address (or telecopy number) set
forth in its Administrative Questionnaire.

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

      SECTION 10.02. Waivers;
Amendments. (a) No failure or delay by the
Administrative Agent or
any Lender in exercising
any right or power
hereunder or under any
other Loan Document shall
operate as a waiver
thereof, nor shall any
single or partial exercise
of any such right or
power, or any abandonment
or discontinuance of steps
to enforce such a right or
power, preclude any other
or further exercise
thereof or the exercise of
any other right or power.
The rights and remedies of
the Administrative Agent
and the Lenders hereunder
and under the other Loan
Documents are cumulative
and are not exclusive of
any rights or remedies
that they would otherwise
have. No waiver of any
provision of any Loan
Document or consent to any
departure by any Borrower
therefrom shall in any
event be effective unless
the same shall be
permitted by paragraph (b)
of this Section, and then
such waiver or consent
shall be effective only in
the specific instance and
for the purpose for which
given. Without limiting
the generality of the
foregoing, the making of a
Loan shall not be
construed as a waiver of
any Default, regardless of
whether the Administrative
Agent or any Lender may
have had notice or
knowledge of such Default
at the time.

43

      (b) Neither this Agreement nor any of the Loan Documents nor any
provision hereof or
thereof may be waived,
amended or modified except
pursuant to an agreement
or agreements in writing
entered into by the
Company and the Required
Lenders or by the Company
and the Administrative
Agent with the consent of
the Required Lenders (and,
in the case of a Borrowing
Subsidiary Agreement, the
applicable
Borrowing Subsidiary);
provided that no such
agreement shall (i)
increase the Commitment of
any Lender without the
written consent of such
Lender, (ii) reduce the
principal amount of any
Loan or reduce the rate of
interest thereon, or
reduce any fees payable
hereunder, without the
written consent of each
Lender affected thereby,
(iii) postpone the
scheduled date of payment
of the principal amount of
any Loan, or any interest
thereon, or any fees
payable hereunder, or
reduce the amount of,
waive or excuse any such
payment, or postpone the
scheduled date of
expiration of any
Commitment,
without the written consent of each Lender affected thereby, (iv) change Section 2.16(b)
or (c) in a manner that
would alter the pro rata
sharing of payments
required thereby, without
the written consent of
each Lender, or (v) change
any of the provisions of
this Section or the
definition of “Required
Lenders” or any other
provision of any Loan
Document specifying the
number or percentage of
Lenders required to waive,
amend or modify any rights
hereunder or make any
determination or grant any
consent hereunder,
without the written
consent of each Lender;
provided further that no
such agreement shall
amend, modify or otherwise
affect the rights or
duties of the
Administrative Agent
hereunder without the
prior written consent of
the Administrative Agent.

      SECTION 10.03. Expenses;
Indemnity; Damage Waiver. (a) The
Company shall pay (i) all
reasonable out-of-pocket
expenses incurred by the
Administrative Agent and
its Affiliates, including
the reasonable fees,
charges and disbursements
of Cravath, Swaine &
Moore, counsel for the
Administrative Agent, in
connection with the
syndication of the credit
facilities provided for
herein, the preparation
and administration of this
Agreement or the other
Loan Documents or any
amendments, modifications
or waivers of the
provisions hereof (whether
or not the transactions
contemplated hereby or
thereby shall be
consummated) and (ii) all
out-of- pocket expenses
incurred by the
Administrative Agent or
any Lender, including the
reasonable fees, charges
and disbursements of any
counsel for the
Administrative Agent or
any Lender, in connection
with the enforcement or
protection of its rights
in connection with any
Loan Document, including
its rights under this
Section, or in connection
with the Loans made
hereunder, including all
such out-of-pocket
expenses incurred during
any workout, restructuring
or negotiations in respect
of such Loans.

      (b) The Company agrees to indemnify each Lender, their respective
Affiliates and the respective directors, officers, agents and employees of the foregoing
(each an “Indemnitee”)
and hold each Indemnitee
harmless from and against
any and all losses,
damages, liabilities,
costs and related expenses
of any kind, including,
without limitation,
reasonable fees and
disbursements of counsel,
which may be incurred by
such Indemnitee in
connection with any
investigative,
administrative or judicial
proceeding (whether or not
such Indemnitee shall be
designated a party
thereto) brought or
threatened relating to or
arising out of this
Agreement or any actual or
proposed use of proceeds
of Loans hereunder;
provided that such
indemnity shall not, as to
any Indemnitee, be
available to the extent
that such losses, damages,
liabilities, costs or
related expenses are found
by a final, nonappealable
judgment of a court of
competent jurisdiction to
have resulted from the
culpable negligence, bad
faith or wilful misconduct
of such Indemnitee.

44

      (c) To the extent that the Company fails to pay any amount required to be
paid by it to the
Administrative Agent or
any sub-agent appointed
pursuant to Article VIII
under paragraph (a) or (b)
of this Section, each
Lender severally agrees to
pay to the Administrative
Agent such Lender’s
Applicable Percentage
(determined as of the time
that the applicable
unreimbursed expense or
indemnity payment is
sought) of such unpaid
amount; provided that the
unreimbursed expense or
indemnified loss, claim,
damage, liability or
related expense, as the
case may be, was incurred
by or asserted against the
Administrative Agent in
its capacity as such.

      (d) To the extent permitted by applicable law, no Borrower shall assert,
and each Borrower hereby
waives, any claim against
any Indemnitee, on any
theory of liability, for
special, indirect,
consequential or punitive
damages (as opposed to
direct or actual damages)
arising out of, in
connection with, or as a
result of, this Agreement,
any other Loan Document or
any agreement or
instrument contemplated
hereby, the Transactions,
any Loan or the use of the
proceeds thereof.

      (e) All amounts due under this Section shall be payable promptly after
written demand therefor.

      SECTION 10.04. Successors and Assigns. (a) The provisions of this
Agreement shall be binding
upon and inure to the
benefit of the parties
hereto and their
respective successors and
assigns permitted hereby,
except that no Borrower
may assign or otherwise
transfer any of its rights
or obligations hereunder
without the prior written
consent of each Lender
(and any attempted
assignment or transfer by
any Borrower without such
consent shall be null and
void). Nothing in this
Agreement, expressed or
implied, shall be
construed to confer upon
any Person (other than the
parties hereto, their
respective successors and
assigns permitted hereby
and, to the extent
expressly contemplated
hereby, the Related
Parties of each of the
Administrative Agent and
the Lenders) any legal or
equitable right, remedy or
claim under or by reason
of this Agreement.

      (b) Any Lender may assign to one or more assignees all or a portion of its
rights and obligations
under this Agreement
(including all or a
portion of its Commitment
and the Loans at the time
owing to it); provided
that (i) except in the
case of an assignment to
an Affiliate of that
Lender, each of the
Company and the
Administrative Agent must
give their prior written
consent to such assignment
(which consent shall not
be unreasonably withheld
or delayed), (ii) except
in the case of an
assignment to an Affiliate
of that Lender or an
assignment of the entire
remaining amount of the
assigning Lender’s
Commitment, the amount of
the Commitment of the
assigning Lender subject
to each such assignment
(determined as of the date
the Assignment and
Acceptance with respect to
such assignment is
delivered to the
Administrative Agent)
shall not be less than
$10,000,000 unless each of
the Company and the
Administrative Agent
otherwise consent, (iii)
each partial assignment
shall be made as an
assignment of a
proportionate part of all
the assigning Lender’s
rights and obligations
under this Agreement,
except that this clause
(iii) shall not apply to
rights in respect of
outstanding Competitive
Loans, (iv) the parties to
each assignment shall
execute and deliver to the
Administrative Agent an
Assignment and Acceptance,
together with a processing
and recordation fee of
$3,500, and (v) the
assignee, if it shall not
be a Lender, shall deliver
to the Administrative
Agent an Administrative
Questionnaire; and
provided further that any
consent of the Company
otherwise required under
this paragraph shall not
be required if an Event of
Default under clause (c)
of Article VII has

45

occurred and is
continuing. Subject to
acceptance and recording
thereof pursuant to
paragraph (d) of this
Section, from and after
the effective date
specified in each
Assignment and Acceptance
the assignee thereunder
shall be a party hereto
and, to the extent of the
interest assigned by such
Assignment and Acceptance,
have the rights and
obligations of a Lender
under this Agreement, and
the assigning Lender
thereunder shall, to the
extent of the interest
assigned by such
Assignment and Acceptance,
be released from its
obligations under this
Agreement (and, in the
case of an Assignment and
Acceptance covering all of
the assigning Lender’s
rights and obligations
under this Agreement, such
Lender shall cease to be a
party hereto but shall
continue to be entitled
to the benefits of Sections 2.13, 2.14, 2.15 and 10.03, insofar as claims under such
sections arise out of the
period prior to the
effective date of such
Assignment and
Acceptance). Any
assignment or transfer by
a Lender of rights or
obligations under this
Agreement that does not
comply with this paragraph
shall be treated for
purposes of this Agreement
as a sale by such Lender
of a participation in such
rights and obligations in
accordance with paragraph
(e) of this Section.

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

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

      (e) Any Lender may, without the consent of any Borrower or the
Administrative Agent sell
participations to one or
more banks or other
entities (a “Participant”) in all or a portion of
such Lender’s rights and
obligations under this
Agreement (including all
or a portion of its
Commitment and the Loans
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
Borrowers, the
Administrative Agent and
the other Lenders shall
continue to deal solely
and directly with such
Lender in connection with
such Lender’s rights and
obligations under this
Agreement. Any agreement
or instrument pursuant to
which a Lender sells such
a participation shall
provide that such Lender
shall retain the sole
right to enforce this
Agreement and to approve
any amendment,
modification or waiver of
any provision of this
Agreement; provided that
such agreement or
instrument may provide
that such Lender will not,

46

without the consent of the Participant, agree to any amendment, modification or waiver
described in the first proviso to Section 10.02(b) that affects such Participant. Subject to
paragraph (f) of this Section, each Borrower agrees that each Participant shall be entitled
to the benefits of Sections 2.13, 2.14 and 2.15 to the same extent as if it were a Lender
and had acquired its interest by assignment pursuant to paragraph (b) of this Section.

      (f) A Participant shall not be entitled to receive any greater payment
under Section 2.13, 2.14 or 2.15 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 Company’s prior
written consent. A
Participant that would be
a Foreign Lender if it
were a Lender shall not be
entitled to the
benefits of Section 2.15 unless the Company is notified of the participation sold to such
Participant and such
Participant
agrees, for
the benefit
of the
Borrowers,
to comply
with Section
2.15(e) as
though it
were a
Lender.

      (g) Any Lender may at any time pledge or assign a security interest in all
or any portion of its
rights under this
Agreement to secure
obligations of such
Lender, including any
pledge or assignment to
secure obligations to a
Federal Reserve Bank, and
this Section shall not
apply to any such pledge
or assignment of a
security interest;
provided that no such
pledge or assignment of a
security interest shall
release a Lender from any
of its obligations
hereunder or substitute
any such pledgee or
assignee for such Lender
as a party hereto.

      SECTION 10.05. Survival. All covenants, agreements, representations
and warranties made by the
Borrowers herein or in any
other Loan Document and in
the certificates or other
instruments delivered in
connection with or
pursuant to this Agreement
or any other Loan Document
shall be considered to
have been relied upon by
the other parties hereto
and thereto and shall
survive the execution and
delivery of this Agreement
and any other Loan
Document and the making of
any Loans, regardless of
any investigation made by
any such other party or on
its behalf and
notwithstanding that the
Administrative Agent or
any Lender may have had
notice or knowledge of any
Default or incorrect
representation or warranty
at the time any credit is
extended hereunder
(provided that any such
knowledge of the
Administrative Agent or
any Lender will not be
attributed to any other
Lender or the
Administrative Agent for
purposes of
this Section 10.05), and shall continue in full force and effect as long as the principal of
or any accrued interest on
any Loan or any fee or any
other amount payable under
this Agreement or any
other Loan Document is
outstanding and unpaid and
so long as the Commitments
have not expired or
terminated. The provisions
of Sections 2.13, 2.14,
2.15 and
10.03 and Article VIII
shall survive and remain
in full force and effect
regardless of the
consummation of the
transactions contemplated
hereby, the repayment of
the Loans, the expiration
or termination of the
Commitments or the
termination of this
Agreement or any other
Loan Document or any
provision hereof or
thereof.

      SECTION 10.06. Counterparts; Integration; Effectiveness. This
Agreement may be executed
in counterparts (and by
different parties hereto
on different
counterparts), each of
which shall constitute an
original, but all of which
when taken together shall
constitute a single
contract. This Agreement,
the other Loan Documents
and any separate letter
agreements with respect to
fees payable to the
Administrative Agent
constitute the entire
contract among the parties
relating to the subject
matter hereof and
supersede any and all
previous agreements and
understandings, oral or
written, relating to the
subject matter hereof.
Except as provided in
Section 4.01, this

47

Agreement shall become
effective when it shall
have been executed by the
Administrative Agent and
when the Administrative
Agent shall have received
counterparts hereof which,
when taken together, bear
the signatures of each of
the other parties hereto,
and thereafter shall be
binding upon and inure to
the benefit of the parties
hereto and their
respective successors and
assigns. Delivery of an
executed counterpart of a
signature page of this
Agreement by telecopy
shall be effective as
delivery of a manually
executed counterpart of
this Agreement.

      SECTION 10.07. Severability. Any provision of this Agreement held to
be invalid, illegal or
unenforceable in any
jurisdiction shall, as to
such jurisdiction, be
ineffective to the extent
of such invalidity,
illegality or
unenforceability without
affecting the validity,
legality and
enforceability of the
remaining provisions
hereof; and the invalidity
of a particular provision
in a particular
jurisdiction shall not
invalidate such provision
in any other jurisdiction.

      SECTION 10.08. Right of Setoff. If an Event of Default shall have
occurred and be continuing
and the Required Lenders
shall have requested the
Administrative Agent to
declare the Loans
immediately due and
payable or such Loans have
automatically become due
and payable, each Lender
and each of its Affiliates
is hereby authorized at
any time and from time to
time, to the fullest
extent permitted by law,
to set off and apply any
and all deposits (general
or special, time or
demand, provisional or
final) at any time held
and other obligations at
any time owing by such
Lender or Affiliate to or
for the credit or the
account of any Borrower
against any of and all the
obligations of such
Borrower now or hereafter
existing under this
Agreement held by such
Lender, irrespective of
whether or not such Lender
shall have made any demand
under this Agreement and
although such obligations
may be unmatured. The
rights of each Lender
under this Section are in
addition to other rights
and remedies (including
other rights of setoff)
which such Lender may
have.

      SECTION 10.09. Governing Law; Jurisdiction; Consent to Service of
Process. (a) This Agreement shall be construed in accordance with and governed by the
law of the State of New York.

      (b) Each Borrower hereby irrevocably and unconditionally submits, for
itself and its property,
to the nonexclusive
jurisdiction of the
Supreme Court of the State
of New York sitting in New
York County and of the
United States District
Court of the Southern
District of New York, and
any appellate court from
any thereof, in any action
or proceeding arising out
of or relating to any Loan
Document, or for
recognition or enforcement
of any judgment, and each
of the parties hereto
hereby irrevocably and
unconditionally agrees
that all claims in respect
of any such action or
proceeding may be heard
and determined in such New
York State or, to the
extent permitted by law,
in such Federal court.
Each of the parties hereto
agrees that a final
judgment in any such
action or proceeding shall
be conclusive and may be
enforced in other
jurisdictions by suit on
the judgment or in any
other manner provided by
law. Nothing in this
Agreement shall affect any
right that the
Administrative Agent or
any Lender may otherwise
have to bring any action
or proceeding relating to
this Agreement or any
other Loan Document
against any Borrower or
its properties in the
courts of any
jurisdiction.

      (c) Each Borrower hereby irrevocably and unconditionally waives, to the
fullest extent it may
legally and effectively do
so, any objection which it
may now or hereafter have
to the laying of venue of
any suit, action or
proceeding arising out of
or

48

relating to this Agreement
or any other Loan Document
in any court referred to
in paragraph (b) of this
Section. Each of the
parties hereto hereby
irrevocably waives, to the
fullest extent permitted
by law, the defense of an
inconvenient forum to the
maintenance of such action
or proceeding in any such
court.

      (d) Each party to this Agreement irrevocably consents to service of
process in the manner provided for notices in Section 10.01. Nothing in this Agreement
or any other Loan Document
will affect the right of
any party to this
Agreement to serve process
in any other manner
permitted by law.

      SECTION 10.10. WAIVER OF JURY TRIAL. EACH PARTY
HERETO HEREBY WAIVES, TO
THE FULLEST EXTENT
PERMITTED BY APPLICABLE
LAW, ANY RIGHT IT MAY HAVE
TO A TRIAL BY JURY IN ANY
LEGAL PROCEEDING DIRECTLY
OR INDIRECTLY ARISING OUT
OF OR RELATING TO THIS
AGREEMENT, ANY OTHER LOAN
DOCUMENT OR THE
TRANSACTIONS CONTEMPLATED
HEREBY (WHETHER BASED ON
CONTRACT, TORT OR ANY
OTHER THEORY). EACH PARTY
HERETO (A) CERTIFIES THAT
NO REPRESENTATIVE, AGENT
OR ATTORNEY OF ANY OTHER
PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE,
THAT SUCH OTHER PARTY
WOULD NOT, IN THE EVENT OF
LITIGATION, SEEK TO
ENFORCE THE FOREGOING
WAIVER AND (B)
ACKNOWLEDGES THAT IT AND
THE OTHER PARTIES HERETO
HAVE BEEN INDUCED TO ENTER
INTO THIS AGREEMENT BY,
AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS
SECTION.

      SECTION 10 .11. Headings. Article and Section headings and the Table
of Contents used herein
are for convenience of
reference only, are not
part of this Agreement and
shall not affect the
construction of, or be
taken into consideration
in interpreting, this
Agreement.

      SECTION 10.12. Confidentiality. Each of the Administrative Agent and
the Lenders agrees to
maintain the
confidentiality of the
Information (as defined
below), except that
Information may be
disclosed (a) to its and
its Affiliates’ directors,
officers, employees and
agents, including
accountants, legal counsel
and other advisors (it
being understood that the
Persons to whom such
disclosure is made will be
informed of the
confidential nature of
such Information and
instructed to keep such
Information confidential),
(b) to the extent
requested by any
regulatory authority, (c)
to the extent required by
applicable laws or
regulations or by any
subpoena or similar legal
process, (d) to any other
party to this Agreement,
(e) in connection with the
exercise of any remedies
hereunder or any suit,
action or proceeding
relating to this Agreement
or any other Loan Document
or the enforcement of
rights hereunder or
thereunder, (f) subject to
an agreement containing
provisions substantially
the same as those of this
Section, to any assignee
of or Participant in, or
any prospective assignee
of or Participant in, any
of its rights or
obligations under this
Agreement, (g) with the
consent of the Company or
(h) to the extent such
Information (i) becomes
publicly available other
than as a result of a
breach of this Section or
(ii) becomes available to
the Administrative Agent
or any Lender on a
nonconfidential basis from
a source other than the
Company. For the purposes
of this Section,
“Information” means all
information received from
the Company relating to
the Company or its
business, other than any
such information that is
available to the
Administrative Agent or
any Lender on a
nonconfidential basis
prior to
disclosure by the Company; provided that, in the case of information received from the

49

Company after the date
hereof, such information
is clearly identified at
the time of delivery as
confidential. Any Person
required to maintain the
confidentiality of
Information as provided in
this Section shall be
considered to have
complied with its
obligation to do so if
such Person has exercised
the same degree of care to
maintain the
confidentiality of such
Information as such Person
would accord to its own
confidential information.

      SECTION 10.13. Conversion of Currencies.
(a) If, for the purpose of
obtaining judgment in any
court, it is necessary to
convert a sum owing
hereunder in one currency
into another currency,
each party hereto
(including any Borrowing
Subsidiary) agrees, to the
fullest extent that it may
effectively do so, that
the rate of exchange used
shall be that at which in
accordance with normal
banking procedures in the
relevant jurisdiction the
first currency could be
purchased with such other
currency on the Business
Day immediately preceding
the day on which final
judgment is given.

      (b) The obligations of each Borrower in respect of any sum due to any
party hereto or any holder
of the obligations owing
hereunder (the “Applicable
Creditor”) shall,
notwithstanding any
judgment in a currency
(the “Judgment Currency”)
other than the currency in
which such sum is stated
to be due hereunder (the
“Agreement Currency”), be
discharged only to the
extent that, on the
Business Day following
receipt by the Applicable
Creditor of any sum
adjudged to be so due in
the Judgment Currency, the
Applicable Creditor may in
accordance with normal
banking procedures in the
relevant jurisdiction
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
Applicable Creditor in the
Agreement Currency, such
Borrower agrees, as a
separate obligation and
notwithstanding any such
judgment, to indemnify the
Applicable Creditor
against such loss. The
obligations of the
Borrowers contained in
this
Section
10.13 shall survive the
termination of this
Agreement and the payment
of all other amounts owing
hereunder.

      SECTION 10.14. Interest Rate Limitation. Notwithstanding anything
herein to the contrary, if
at any time the interest
rate applicable to any
Loan, together with all
fees, charges and other
amounts which are treated
as interest on such Loan
under applicable law
(collectively the
“Charges”), shall exceed
the maximum lawful rate
(the “Maximum Rate”) which
may be contracted for,
charged, taken, received
or reserved by the Lender
holding such Loan in
accordance with applicable
law, the rate of interest
payable in respect of such
Loan hereunder, together
with all Charges payable
in respect thereof, shall
be limited to the Maximum
Rate and, to the extent
lawful, the interest and
Charges that would have
been payable in respect of
such Loan but were not
payable as a result of the
operation of this Section
shall be cumulated and the
interest and Charges
payable to such Lender in
respect of other Loans or
periods shall be increased
(but not above the Maximum
Rate therefor) until such
cumulated amount, together
with interest thereon at
the Federal Funds
Effective Rate to the date
of repayment, shall have
been received by such
Lender.

50

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

	 	 	 	 	 	 	 
			TRW INC.,
	 
				by	/s/		Ronald P. Vargo
					

					Name:	Ronald P. Vargo
					Title:	Vice President & Treasurer
					Website:	www.trw.com
	 
			THE
CHASE MANHATTAN BANK,

individually and as Administrative Agent,
	 
				by	/s/		Karen May Sharf
					

					Name:	Karen May Sharf
					Title:	Vice President
	 
			J.P. MORGAN, a division of Chase
Securities, Inc., as Joint-Lead Arranger and Joint-Book Manager,
	 
				by	/s/		Mitchel Friedman
					

					Name:	Mitchel Friedman
							Vice President
	 
			SALOMON SMITH BARNEY INC., as
Syndication Agent, Joint-Lead Arranger and
Joint-Book Manager,
	 
				by	/s/		Robert D. Wetrus
					

					Name:	Robert D. Wetrus
					Title:	Director
	 
			CITICORP USA, INC.,
	 
				by	/s/		Mary O’Connell
					

					Name:	Mary O’Connell
			
		Title:	Vice President

51

	 	 	 	 	 	 	 
			BANK OF AMERICA, N.A.,
	 
				by	/s/		Matthew J. Reilly
					

					Name:	Matthew J. Reilly
					Title:	Vice President
	 
			BARCLAYS BANK PLC,
	 
				by	/s/		L. Peter Yetman
					

					Name:	L. Peter Yetman
					Title:	Director
	 
			BANK ONE, MICHIGAN,
	 
				by	/s/		Erik W. Bakker
					

			
		Name:	Erik W. Bakker
			
		Title:	Managing Director
	 
			BNP PARIBAS,
	 
				by	/s/		Jo Ellen Bender
					

					Name:	Jo Ellen Bender
			
		Title:	Director
	 
				by	/s/		Christine Howatt
					

			
		Name:	Christine Howatt
			
		Title:	Vice President
	 
			DEUTSCHE BANK AG, New York Branch and/or Cayman Islands Branch,
	 
				by	/s/		Hans-Josef Thiele
					

			
		Name:	Hans-Josef Thiele
			
		Title:	Director
	 
				by	/s/		Kirsten Kunz
					

			
		Name:	Kirsten Kunz
			
		Title:	Vice President

52

	 	 	 	 	 	 	 
			KEYBANK NATIONAL ASSOCIATION,
	 
				by	/s/		Marianne T. Meil
					

			
		Name:	Marianne T. Meil
			
		Title:	Vice President
	 
			MELLON BANK, N.A.,
	 
				by	/s/		Mark F. Johnston
					

					Name:	Mark F. Johnston
			
		Title:	Vice President
	 
			DRESDNER BANK AG, NEW YORK
AND GRAND CAYMAN BRANCHES,
	 
				by	/s/		Gabriela Fields
					

			
		Name:	Gabriela Fields
			
		Title:	AT
	 
				by	/s/		Thomas Hasenauer
					

			
		Name:	Thomas Hasenauer
			
		Title:	AT
	 
			NATIONAL CITY BANK,
	 
				by	/s/		Terri L. Cable
					

			
		Name:	Terri L. Cable
			
		Title:	Senior Vice President
	 
			SANPAOLO IMI SPA
	 
				by	/s/		Giuseppe Cuccurese
					

			
		Name:	Giuseppe Cuccurese
			
		Title:	G.M.
	 
				by	/s/		Carlo Persico
					

			
		Name:	Carlo Persico
			
		Title:	D.G.M

53

	 	 	 	 	 	 	 
			BANCO BILBAO VIZCAYA ARGENTARIA-NEW YORK BRANCH,
	 
				by	/s/		Santiago Hernandez Monsalve
					

			
		Name:	Santiago Hernandez Monsalve
			
		Title:	Vice President
			
		
		Global Corporate Banking
	 
				by	/s/		John Martini
					

			
		Name:	John Martini
			
		Title:	Vice President
			
		
		Global Corporate Banking
	 
			BAYERISCHE LANDESBANK

GIROZENTRALE-CAYMAN ISLANDS,
	 
				by	/s/		Alexander Kohnert
					

			
		Name:	Alexander Kohnert
			
		Title:	First Vice President
	 
				by	/s/		James Fox
					

			
		Name:	James Fox
			
		Title:	Vice President
	 
			BANCA NAZIONALE DEL LAVORO
S.p.A. — NEW YORK BRANCH,
	 
				by	/s/		Giulio Giovine
					

			
		Name:	Giulio Giovine
			
		Title:	Vice President
	 
				by	/s/		Leonardo Valentini
					

			
		Name:	Leonardo Valentini
			
		Title:	First Vice President
	 
			HSBC BANK USA,
	 
				by	/s/		Christopher M. Samms
					

			
		Name:	Christopher M. Samms
			
		Title:	Vice President
			
		
		Officer # 9426

54

	 	 	 	 	 	 	 
			THE SUMITOMO BANK, LTD.,
	 
				by	/s/		John H. Kemper
					

			
		Name:	John H. Kemper
			
		Title:	Senior Vice President
	 
			ABN AMRO BANK N.V.,
	 
				by	/s/		David C. Sagers
					

			
		Name:	David C. Sagers
			
		Title:	Group Vice President
	 
				by	/s/		John J. Mack
					

			
		Name:	John J. Mack
			
		Title:	Group Vice President
	 
			INDUSTRIAL BANK OF JAPAN, LIMITED,
	 
				by	/s/		Walter Wolff
					

			
		Name:	Walter Wolff
			
		Title:	Joint General Manager
	 
			BANK OF TOKYO-MITSUBISHI TRUST COMPANY,
	 
				by	/s/		Friedrich N. Wilms
					

			
		Name:	Friedrich N. Wilms
			
		Title:	Vice President &
							Global Relationship Manager
	 
			SOCIETE GENERALE,
	 
				by	/s/		Anne-Marie Dumortier
					

					Name:	Anne-Marie Dumortier
					Title:	Vice President

55

	 	 	 	 	 	 	 
			BANCA DI ROMA-CHICAGO BRANCH,
	 
				by	/s/		James W. Semonchik
					

			
		Name:	James W. Semonchik
			
		Title:	Vice President
	 
				by	/s/		Enrico Verdoscia
					

			
		Name:	Enrico Verdoscia
			
		Title:	Senior Vice President &
Branch Manager
	 
			BANK OF NEW YORK,
	 
				by	/s/		John M. Lokay, Jr.
					

			
		Name:	John M. Lokay, Jr.
			
		Title:	Vice President
	 
			CREDIT INDUSTRIEL ET COMMERCIAL,
	 
				by	/s/		Yann de Saint Pol
					

			
		Name:	Yann de Saint Pol
			
		Title:	Fendi de Pouvoirs
	 
				by	/s/		Alain Merle D’Aubigne
					

			
		Name:	Alain Merle D’Aubigne
			
		Title:	Sous-Directeur
	 
			COMERICA BANK,
	 
			
	by	/s/		Nicholas G. Mester
					

			
		Name:	Nicholas G. Mester
			
		Title:	Assistant Vice President

56

	 	 	 	 	 	 	 
			BANCA COMMERCIALE ITALIANA, NEW YORK BRANCH
	 
				by	/s/		Frank Maffei
					

					Name:	Frank Maffei
					Title:	Vice President
	 
				by	/s/		C. Dougherty
					

					Name:	C. Dougherty
					Title:	Vice President

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