Document:

<PAGE>

                                                                    EXHIBIT 10.3

                       CHS/COMMUNITY HEALTH SYSTEMS, INC.

                  SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN TRUST

      THIS AGREEMENT is made as of the 1st day of June, 2005, by and between
CHS/Community Health Systems, Inc. ("Company") and Wachovia Bank, N.A.
("Trustee").

      WHEREAS, Company maintains the CHS/Community Health Systems, Inc.
Supplemental Executive Retirement Plan for the benefit of certain executive
employees of Community Health Systems, Inc. and its affiliates (the "Plan"); and

      WHEREAS, Company has incurred or expects to incur liability under the
terms of such Plan with respect to the individuals participating in such Plan;
and

      WHEREAS, Company wishes to establish a trust (the "Trust") and to
contribute to the Trust assets that shall be held therein, subject to the claims
of creditors of Company in the event of the Insolvency of Company, as herein
defined, until paid to Plan participants and their beneficiaries in such manner
and at such times as specified in the Plan; and

      WHEREAS, it is the intention of the parties that this Trust shall
constitute an unfunded arrangement and shall not affect the status of the Plan
as an unfunded plan maintained for the purpose of providing deferred
compensation for a select group of management or highly compensated employees
for purposes of Title I of the Employee Retirement Income Security Act of 1974;
and

      WHEREAS, it is the intention of Company to make contributions to the Trust
to provide itself with a source of funds to assist it in the meeting of its
liabilities under the Plan;

      NOW, THEREFORE, the parties do hereby establish the Trust and agree that
the Trust shall be comprised, held and disposed of as follows:

                                    SECTION 1

                             ESTABLISHMENT OF TRUST

      (a) Company hereby deposits with Trustee in trust $6,500,000, which shall
become the principal of the Trust to be held, administered and disposed of by
Trustee as provided in this Trust Agreement.

      (b) The Trust hereby established shall be irrevocable.

      (c) The Trust is intended to be a grantor trust, of which Company is the
grantor, within the meaning of subpart E, part I, subchapter J, chapter 1,
subtitle A of the Internal Revenue Code of 1986, as amended, and shall be
construed accordingly.

      (d) The principal of the Trust, and any earnings thereon shall be held
separate and apart from other funds of Company and shall be used exclusively for
the uses and purposes of Plan participants and general creditors as herein set
forth. Plan participants and their beneficiaries shall have no preferred claim
on, or any beneficial ownership interest in, any assets of the Trust. Any rights
created under the Plan and this Trust Agreement shall be mere unsecured
contractual rights of Plan participants and their beneficiaries against Company.
Any assets held

                                      -1-

<PAGE>

by the Trust will be subject to the claims of the general creditors of Company
under Federal and state law in the event of Insolvency, as defined in Section
3(a) herein.

      (e) Company, in its sole discretion, may at any time, or from time to
time, make additional deposits of cash or other property in Trust with Trustee
to augment the principal to be held, administered and disposed of by Trustee as
provided in this Trust Agreement. Neither Trustee nor any Plan participant or
beneficiary shall have any right to compel such additional deposits.

                                    SECTION 2

              PAYMENTS TO PLAN PARTICIPANTS AND THEIR BENEFICIARIES

      (a) Subsequent to the determination pursuant to Section 2(b), Company
shall direct Trustee to make payments from the Trust according to the terms of
the Plan, indicating the amounts payable in respect of each Plan participant
(and his or her beneficiaries), providing a formula or other instructions
acceptable to Trustee for determining the amounts so payable, the form in which
such amount is to be paid (as provided for or available under the Plan), and the
time of commencement for payment of such amounts. Except as otherwise provided
herein, Trustee shall make payments to the Plan participants and their
beneficiaries in accordance with such directions. Trustee shall make provision
for the reporting and withholding of any Federal, state or local taxes that may
be required to be withheld with respect to the payment of benefits pursuant to
the terms of the Plan and shall pay amounts withheld to the appropriate taxing
authorities or determine that such amounts have been reported, withheld and paid
by Company.

      (b) The entitlement of a Plan participant or his or her beneficiaries to
benefits under the Plan shall be determined by the Plan Administrator or such
party as it shall designate under the Plan, and any claim for such benefits
shall be considered and reviewed under the procedures set out in the Plan.

      (c) Company may make payment of benefits directly to Plan participants or
their beneficiaries as they become due under the terms of the Plan. Company
shall notify Trustee of its decision to make payment of benefits directly prior
to the time amounts are payable to participants or their beneficiaries. In
addition, if the principal of the Trust, and any earnings thereon, are not
sufficient to make payments of benefits in accordance with the terms of the
Plan, Company shall make the balance of each such payment as it falls due.
Trustee shall notify Company where principal and earnings are not sufficient.

                                    SECTION 3

         TRUSTEE RESPONSIBILITY REGARDING PAYMENTS TO TRUST BENEFICIARY
                            WHEN COMPANY IS INSOLVENT

      (a) Trustee shall cease payment of benefits to Plan participants and their
beneficiaries if Company is Insolvent. Company shall be considered "Insolvent"
for purposes of this Trust Agreement if it is (i) unable to pay its debts as
they become due, or (ii) subject to a pending proceeding as a debtor under the
United States Bankruptcy Code.

      (b) At all times during the continuance of this Trust, as provided in
Section 1(d) hereof, the principal and income of the Trust shall be subject to
claims of general creditors of Company under Federal and state law as set forth
below:

                                      -2-

<PAGE>

            (1) The Board of Directors and the Chief Executive Officer of
Company shall have the duty to inform Trustee in writing of the Insolvency of
Company. If a person claiming to be a creditor of Company alleges in writing to
Trustee that Company has become Insolvent, Trustee shall determine whether
Company is Insolvent and, pending such determination, Trustee shall discontinue
payment of benefits to Plan participants or their beneficiaries.

            (2) Unless Trustee has actual knowledge of the Insolvency of
Company, or has received notice from Company or a person claiming to be a
creditor alleging that Company is Insolvent, Trustee shall have no duty to
inquire whether Company is Insolvent. Trustee may in all events rely on such
evidence concerning solvency of Company as may be furnished to Trustee and that
provides Trustee with a reasonable basis for making a determination concerning
solvency of Company.

            (3) If at any time Trustee has determined that Company is Insolvent,
Trustee shall discontinue payments to Plan participants or their beneficiaries
and shall hold the assets of the Trust for the benefit of the general creditors
of Company. Nothing in this Trust Agreement shall in any way diminish any rights
of Plan participants or their beneficiaries to pursue their rights as general
creditors of Company with respect to benefits due under the Plan or otherwise.

            (4) Trustee shall resume the payment of benefits to Plan
participants or their beneficiaries in accordance with Section 2 of this Trust
Agreement only after Trustee has determined that Company is not Insolvent (or is
no longer Insolvent).

      (c) Provided that there are sufficient assets, if Trustee discontinues the
payment of benefits from the Trust pursuant to Section 3(b) hereof and
subsequently resumes such payments, the first payment following such
discontinuance shall include the aggregate amount of all payments due to Plan
participants or their beneficiaries under the terms of the Plan for the period
of such discontinuance, less the aggregate amount of any payments made to Plan
participants or their beneficiaries by Company in lieu of the payments provided
for hereunder during any such period of discontinuance.

                                    SECTION 4

                               PAYMENTS TO COMPANY

      Except as provided in Section 3 hereof, after the Trust has become
irrevocable, Company shall have no right or power to direct Trustee to return to
Company or to divert to others any of the Trust assets before all payment of
benefits have been made to Plan participants and their beneficiaries pursuant to
the terms of the Plan.

                                    SECTION 5

                              INVESTMENT AUTHORITY

      (a) In no event may Trustee invest in securities (including stock or
rights to acquire stock) or obligations issued by Company, other than a de
minimis amount held in common investment vehicles in which Trustee invests. All
rights associated with assets of the Trust shall be exercised by Trustee or the
person designated by Trustee, and shall in no event be exercisable by or rest
with Plan participants.

      (b) Notwithstanding any provision to the contrary elsewhere herein,
Company shall have the right, at any time and from time to time, in its sole
discretion to substitute assets of equal fair market value for any asset held by
the Trust.

                                      -3-

<PAGE>

                                    SECTION 6

                              DISPOSITION OF INCOME

      During the term of this Trust, all income received by the Trust, net of
expenses and taxes (to the extent not paid by Company), shall be accumulated and
reinvested.

                                    SECTION 7

                              ACCOUNTING BY TRUSTEE

      Trustee shall keep accurate and detailed records of all investments,
receipts, disbursements, and all other transactions required to be made,
including such specific records as shall be agreed upon in writing between
Company and Trustee. Within 30 days following the close of each calendar year
and within 30 days after the removal or resignation of Trustee, Trustee shall
deliver to Company a written account of its administration of the Trust during
such year or during the period from the close of the last preceding year to the
date of such removal or resignation, setting forth all investments, receipts,
disbursements and other transactions effected by it, including a description of
all securities and investments purchased and sold with the cost or net proceeds
of such purchases or sales (accrued interest paid or receivable being shown
separately), and showing all cash, securities and other property held in the
Trust at the end of such year or as of the date of such removal or resignation,
as the case may be.

                                    SECTION 8

                            RESPONSIBILITY OF TRUSTEE

      (a) Trustee shall act with the care, skill, prudence and diligence under
the circumstances then prevailing that a prudent person acting in like capacity
and familiar with such matters would use in the conduct of an enterprise of a
like character and with like aims, provided, however, that Trustee shall incur
no liability to any person for any action taken pursuant to a direction, request
or approval given by Company which is contemplated by, and in conformity with,
the terms of the Plan or the terms of this Trust Agreement and is given in
writing by Company. In the event of a dispute between Company or Company and a
party, Trustee may apply to a court of competent jurisdiction to resolve the
dispute.

      (b) Trustee may consult with legal counsel (who may also be counsel for
Company generally) with respect to any of its duties or obligations hereunder.

      (c) Trustee shall have, without exclusion, all powers conferred on
Trustees by applicable law, unless expressly provided otherwise herein,
provided, however, that if an insurance policy is held as an asset of the Trust,
Trustee shall have no power to name a beneficiary of the policy other than the
Trust, to assign the policy (as distinct from conversion of the policy to a
different form) other than to a successor Trustee, or to loan to any person the
proceeds of any borrowing against such policy.

      (d) Notwithstanding any powers granted to Trustee pursuant to this Trust
Agreement or to applicable law, Trustee shall not have any power that could give
this Trust the objective of carrying on a business and dividing the gains
therefrom, within the meaning of section 301.7701-2 of the Procedure and
Administrative Regulations promulgated pursuant to the Internal Revenue Code.

                                      -4-

<PAGE>

                                    SECTION 9

                      COMPENSATION AND EXPENSES OF TRUSTEE

      Company shall pay all administrative and Trustee's fees and expenses. If
not so paid, the fees and expenses shall be paid from the Trust.

                                   SECTION 10

                       RESIGNATION AND REMOVAL OF TRUSTEE

      (a) Trustee may resign at any time by written notice to Company, which
shall be effective 60 days after receipt of such notice unless Company and
Trustee agree otherwise.

      (b) Trustee may be removed by Company on 60 days notice or upon shorter
notice accepted by Trustee.

      (c) Upon resignation or removal of Trustee and appointment of a successor
Trustee, all assets shall subsequently be transferred to the successor Trustee.
The transfer shall be completed as soon as administratively practicable after
receipt of notice of resignation, removal or transfer.

      (d) If Trustee resigns or is removed, a successor shall be appointed, in
accordance with Section 11 hereof, by the effective date of resignation or
removal under paragraphs (a) or (b) of this section. If no such appointment has
been made, Trustee may apply to a court of competent jurisdiction for
appointment of a successor or for instructions. All expenses of Trustee in
connection with the proceeding shall be allowed as administrative expenses of
the Trust.

                                   SECTION 11

                           INDEMNIFICATION OF TRUSTEE

      (a) Company hereby indemnifies Trustee against losses, liabilities,
claims, costs and expenses in connection with the administration of the Trust,
unless resulting from the gross negligence or willful misconduct of Trustee. To
the extent Company fails to make any payment on account of an indemnity provided
in this Indemnification Agreement and/or in connection with the administration
of the Trust in a reasonably timely manner, Trustee may obtain payment from the
Trust.

      (b) If Trustee undertakes or defends any litigation arising in connection
with this Trust or to protect a participant's or beneficiary's rights under the
plans or arrangements covered by the Trust, Company agrees to indemnify Trustee
against Trustee's costs, reasonable expenses and liabilities (including, without
limitation, attorneys' fees and expenses) relating thereto and to be primarily
liable for such payments. If the Company does not pay such costs, expenses and
liabilities relating to such litigation matters in a reasonably timely manner,
Trustee may obtain payment from the Trust.

      (c) The obligations of Company under this Section 11 terminate upon the
termination of the Trust Agreement or the resignation or removal of the Wachovia
Bank as Trustee under the Trust Agreement.

                                      -5-

<PAGE>

                                   SECTION 12

                            APPOINTMENT OF SUCCESSOR

      If Trustee resigns or is removed in accordance with Sections 10(a) or
10(b) hereof, Company may appoint any third party, such as a bank trust
department or other party that may be granted corporate trustee powers under the
state law, as a successor to replace Trustee upon resignation or removal. The
appointment shall be effective when accepted in writing by the new trustee who
shall have all of the rights and powers of the former trustee, including
ownership rights in the Trust assets. The former trustee shall execute any
instrument necessary or reasonably requested by Company or the successor trustee
to evidence the transfer.

                                   SECTION 13

                            AMENDMENT OR TERMINATION

      (a) This Trust Agreement may be amended by a written instrument executed
by Trustee and Company. Notwithstanding the foregoing, no such amendment shall
conflict with the terms of the Plan or shall make the Trust revocable.

      (b) The Trust shall not terminate until the date on which Plan
participants and their beneficiaries are no longer entitled to benefits pursuant
to the terms of the Plan. Upon termination of the Trust any assets remaining in
the Trust shall be returned to Company.

                                   SECTION 14

                                  MISCELLANEOUS

      (a) Any provision of this Trust Agreement prohibited by law shall be
ineffective to the extent of any such prohibition, without invalidating the
remaining provisions hereof.

      (b) Benefits payable to Plan participants and their beneficiaries under
this Trust Agreement may not be anticipated, assigned (either at law or in
equity), alienated, pledged, encumbered or subjected to attachment, garnishment,
levy, execution or other legal or equitable process.

      (c) This Trust Agreement shall be governed by and construed in accordance
with the laws of the state of Tennessee.

                                      -6-

<PAGE>

                                   SECTION 15

                                 EFFECTIVE DATE

      The effective date of this Trust Agreement shall be June 1, 2005.

      IN WITNESS WHEREOF, the parties hereto have caused this Trust Agreement to
be duly executed this 31st day of May, 2005.

                               CHS/COMMUNITY HEALTH SYSTEMS, INC.

                               By: /s/ W. Larry Cash
                                   ---------------------------------------------
                               W. Larry Cash, Executive Vice President and Chief
                               Financial Officer

                               WACHOVIA BANK, N.A.

                               By: /s/ Peter D. Quinn
                                   ---------------------------------------------
                               Name: Peter D. Quinn
                               Title: Senior Vice President

                                      -7-EX-10.1

 

EXECUTION COPY

FIVE YEAR CREDIT AGREEMENT

Dated as of May 25, 2005

Among

GOODRICH CORPORATION

as Company

and

THE INITIAL LENDERS NAMED HEREIN

as Lenders

and

CITIBANK, N.A.

as Agent

and

BANK OF AMERICA, N.A.

MERRILL LYNCH BANK USA

WACHOVIA BANK, NATIONAL ASSOCIATION

and

JPMORGAN CHASE BANK

as Co-Documentation Agents

and

CITIGROUP GLOBAL MARKETS INC.

as Lead Arranger and Book Manager

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	ARTICLE I
	 	 	 	 
	 
	 	 	 	 
	SECTION 1.01. Certain Defined Terms
	 	 	1	 
	 
	 	 	 	 
	SECTION 1.02. Computation of Time Periods
	 	 	15	 
	 
	 	 	 	 
	SECTION 1.03. Accounting Terms
	 	 	15	 
	 
	 	 	 	 
	ARTICLE II
	 	 	 	 
	 
	 	 	 	 
	SECTION 2.01. The Revolving Credit Advances and Letters of Credit
	 	 	15	 
	 
	 	 	 	 
	SECTION 2.02. Making the Revolving Credit Advances
	 	 	16	 
	 
	 	 	 	 
	SECTION 2.03. The Competitive Bid Advances
	 	 	17	 
	 
	 	 	 	 
	SECTION 2.04. Issuance of and Drawings and Reimbursement Under Letters of Credit
	 	 	21	 
	 
	 	 	 	 
	SECTION 2.05. Fees
	 	 	22	 
	 
	 	 	 	 
	SECTION 2.06. Optional Termination or Reduction of the Commitments
	 	 	22	 
	 
	 	 	 	 
	SECTION 2.07. Repayment of Revolving Credit Advances
	 	 	23	 
	 
	 	 	 	 
	SECTION 2.08. Interest on Revolving Credit Advances
	 	 	23	 
	 
	 	 	 	 
	SECTION 2.09. Interest Rate Determination
	 	 	24	 
	 
	 	 	 	 
	SECTION 2.10. Optional Conversion of Revolving Credit Advances
	 	 	25	 
	 
	 	 	 	 
	SECTION 2.11. Prepayments of Revolving Credit Advances
	 	 	26	 
	 
	 	 	 	 
	SECTION 2.12. Increased Costs; Reserve Percentages
	 	 	26	 
	 
	 	 	 	 
	SECTION 2.13. Illegality
	 	 	27	 
	 
	 	 	 	 
	SECTION 2.14. Payments and Computations
	 	 	28	 
	 
	 	 	 	 
	SECTION 2.15. Taxes
	 	 	29	 
	 
	 	 	 	 
	SECTION 2.16. Sharing of Payments, Etc.
	 	 	31	 
	 
	 	 	 	 
	SECTION 2.17. Evidence of Debt
	 	 	31	 
	 
	 	 	 	 
	SECTION 2.18. Use of Proceeds
	 	 	31	 
	 
	 	 	 	 
	SECTION 2.19. Increase in the Aggregate Commitments
	 	 	31	 
	 
	 	 	 	 
	SECTION 2.20. Extension of Termination Date
	 	 	33	 

2

 

	 	 	 	 	 
	ARTICLE III
	 	 	 	 
	 
	 	 	 	 
	SECTION 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.03
	 	 	34	 
	 
	 	 	 	 
	SECTION 3.02. Conditions Precedent to Initial Borrowing of Each Designated Subsidiary
	 	 	36	 
	 
	 	 	 	 
	SECTION 3.03. Conditions Precedent to Each Revolving Credit Borrowing, Letter
of Credit Issuance, Commitment Increase and Extension Date.
	 	 	36	 
	 
	 	 	 	 
	SECTION 3.04. Conditions Precedent to Each Competitive Bid Borrowing
	 	 	37	 
	 
	 	 	 	 
	SECTION 3.05. Determinations Under Section 3.01
	 	 	37	 
	 
	 	 	 	 
	ARTICLE IV
	 	 	 	 
	 
	 	 	 	 
	SECTION 4.01. Representations and Warranties of the Company
	 	 	37	 
	 
	 	 	 	 
	ARTICLE V
	 	 	 	 
	 
	 	 	 	 
	SECTION 5.01. Covenants
	 	 	40	 
	 
	 	 	 	 
	ARTICLE VI
	 	 	 	 
	 
	 	 	 	 
	SECTION 6.01. Events of Default
	 	 	45	 
	 
	 	 	 	 
	SECTION 6.02. Actions in Respect of the Letters of Credit upon Default
	 	 	46	 
	 
	 	 	 	 
	ARTICLE VII
	 	 	47	 
	 
	 	 	 	 
	SECTION 7.01. Guaranty
	 	 	47	 
	 
	 	 	 	 
	SECTION 7.02. Guaranty Absolute
	 	 	47	 
	 
	 	 	 	 
	SECTION 7.03. Waivers and Acknowledgments
	 	 	48	 
	 
	 	 	 	 
	SECTION 7.04. Subrogation
	 	 	49	 
	 
	 	 	 	 
	SECTION 7.05. Continuing Guaranty; Assignments
	 	 	49	 
	 
	 	 	 	 
	ARTICLE VIII
	 	 	 	 
	 
	 	 	 	 
	SECTION 8.01. Authorization and Action
	 	 	49	 
	 
	 	 	 	 
	SECTION 8.02. Agent’s Reliance, Etc.
	 	 	50	 
	 
	 	 	 	 
	SECTION 8.03. Citibank and Affiliates
	 	 	50	 
	 
	 	 	 	 
	SECTION 8.04. Lender Credit Decision
	 	 	50	 
	 
	 	 	 	 
	SECTION 8.05. Indemnification
	 	 	50	 

3

 

	 	 	 	 	 
	SECTION 8.06. Successor Agent
	 	 	51	 
	 
	 	 	 	 
	SECTION 8.07. Sub-Agent
	 	 	51	 
	 
	 	 	 	 
	SECTION 8.08. Other Agents.
	 	 	52	 
	 
	 	 	 	 
	ARTICLE IX
	 	 	 	 
	 
	 	 	 	 
	SECTION 9.01. Amendments, Etc.
	 	 	52	 
	 
	 	 	 	 
	SECTION 9.02. Notices, Etc.
	 	 	52	 
	 
	 	 	 	 
	SECTION 9.03. No Waiver; Remedies
	 	 	53	 
	 
	 	 	 	 
	SECTION 9.04. Costs and Expenses
	 	 	53	 
	 
	 	 	 	 
	SECTION 9.05. Binding Effect
	 	 	54	 
	 
	 	 	 	 
	SECTION 9.06. Assignments, Designations and Participations
	 	 	54	 
	 
	 	 	 	 
	SECTION 9.07. Confidentiality
	 	 	57	 
	 
	 	 	 	 
	SECTION 9.08. Governing Law
	 	 	58	 
	 
	 	 	 	 
	SECTION 9.09. Execution in Counterparts
	 	 	58	 
	 
	 	 	 	 
	SECTION 9.10. Judgment
	 	 	58	 
	 
	 	 	 	 
	SECTION 9.11. Jurisdiction, Etc.
	 	 	58	 
	 
	 	 	 	 
	SECTION 9.12. Designated Subsidiaries
	 	 	59	 
	 
	 	 	 	 
	SECTION 9.13. No Liability of the Issuing Banks
	 	 	59	 
	 
	 	 	 	 
	SECTION 9.14. Patriot Act Notice
	 	 	59	 
	 
	 	 	 	 
	SECTION 9.15. Waiver of Jury Trial
	 	 	60	 

4

 

	 	 	 	 	 
	Schedules
	 	 	 	 
	 
	 	 	 	 
	Schedule I - List of Applicable Lending Offices
	 
	 	 	 	 
	Schedule 2.01(b) – Existing Letters of Credit
	 
	 	 	 	 
	Exhibits
	 	 	 	 
	 
	 	 	 	 
	Exhibit A-1
	 	-	 	Form of Revolving Credit Note
	 
	 	 	 	 
	Exhibit A-2
	 	-	 	Form of Competitive Bid Note
	 
	 	 	 	 
	Exhibit B-1
	 	-	 	Form of Notice of Revolving Credit Borrowing
	 
	 	 	 	 
	Exhibit B-2
	 	-	 	Form of Notice of Competitive Bid Borrowing
	 
	 	 	 	 
	Exhibit C
	 	-	 	Form of Assignment and Acceptance
	 
	 	 	 	 
	Exhibit D
	 	-	 	Form of Designation Agreement
	 
	 	 	 	 
	Exhibit E
	 	-	 	Form of Designation Letter
	 
	 	 	 	 
	Exhibit F-1
	 	-	 	Form of Opinion of General Counsel for the Company
	 
	 	 	 	 
	Exhibit F-2
	 	-	 	Form of Opinion of Jones Day

5

 

FIVE YEAR CREDIT AGREEMENT

Dated as of May 25, 2005

          GOODRICH CORPORATION, a New York corporation (the “Company”), the banks, financial
institutions and other institutional lenders (the “Initial Lenders”) and issuers of letters
of credit (the “Initial Issuing Banks”) listed on the signature pages hereof and CITIBANK,
N.A. (“Citibank”), as agent (the “Agent”) for the Lenders (as hereinafter defined),
agree as follows:

ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS

          SECTION 1.01. Certain Defined Terms. As used in this Five Year Credit Agreement (as
the same may from time to time be amended, restated or otherwise modified, the
“Agreement”), the following terms shall have the following meanings (such meanings to be
equally applicable to both the singular and plural forms of the terms defined):

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

     “Affiliate” means, as to any Person, any other Person that, directly or
indirectly, controls, is controlled by or is under common control with such Person or is a
director or officer of such Person. For purposes of this definition, the term “control”
(including the terms “controlling”, “controlled by” and “under common control with”) of a
Person means the possession, direct or indirect, of the power to vote 10% or more of the
Voting Stock of such Person or to direct or cause the direction of the management and
policies of such Person, whether through the ownership of Voting Stock, by contract or
otherwise.

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

     “Agreement” has the meaning specified in the first sentence of this Section
1.01.

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

     “Applicable Margin” means (a) for Base Rate Advances, as of any date, 0.00% per
annum and (b) for Eurocurrency Rate Advances, as of any date, a percentage per annum
determined by reference to the Public Debt Rating in effect on such date as set forth below:

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	Applicable Margin for	 
	 	Public Debt Rating	 	 	Eurocurrency Rate	 
	 	S&P/Moody’s	 	 	Advances	 
	 	Level 1

A- or A3

	 	 	 	0.275	%	 
	 

1

 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	Applicable Margin for	 
	 	Public Debt Rating	 	 	Eurocurrency Rate	 
	 	S&P/Moody’s	 	 	Advances	 
	 	Level 2

BBB+ or Baa1

	 	 	 	0.350	%	 
	 	Level 3

BBB or Baa2

	 	 	 	0.375	%	 
	 	Level 4

BBB- or Baa3

	 	 	 	0.600	%	 
	 	Level 5

BB+ or Ba1

	 	 	 	0.750	%	 
	 	Level 6

Lower than Level 5

	 	 	 	0.850	%	 
	 

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

	 	 	 	 	 	 	 	 
	 
	 	Public Debt Rating	 	 	Applicable	 
	 	S&P/Moody’s	 	 	Percentage	 
	 	Level 1

A- or A3

	 	 	 	0.075	%	 
	 	Level 2

BBB+ or Baa1

	 	 	 	0.100	%	 
	 	Level 3

BBB or Baa2

	 	 	 	0.125	%	 
	 	Level 4

BBB- or Baa3

	 	 	 	0.150	%	 
	 	Level 5

BB+ or Ba1

	 	 	 	0.250	%	 
	 	Level 6

Lower than Level 5

	 	 	 	0.400	%	 
	 

     “Applicable Utilization Fee” means, as of any date that the sum of the
aggregate Advances plus the Available Amount of all Letters of Credit exceeds 50% of the
aggregate Revolving Credit Commitments, a percentage per annum determined by reference to
the Public Debt Rating in effect on such date as set forth below:

	 	 	 	 	 	 	 	 
	 
	 	Public Debt Rating	 	 	Applicable	 
	 	S&P/Moody’s	 	 	Utilization Fee	 
	 	Level 1

A- or A3

	 	 	 	0.050	%	 
	 	Level 2

BBB+ or Baa1

	 	 	 	0.050	%	 
	 	Level 3

BBB or Baa2

	 	 	 	0.125	%	 
	 	Level 4

BBB- or Baa3

	 	 	 	0.125	%	 
	 	Level 5

BB+ or Ba1

	 	 	 	0.250	%	 
	 	Level 6

Lower than Level 5

	 	 	 	0.500	%	 
	 

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

2

 

     “Assuming Lender” has the meaning specified in Section 2.19(d).

     “Assumption Agreement” has the meaning specified in Section 2.19(d)(ii).

     “Available Amount” of any Letter of Credit means, at any time, the maximum
amount available to be drawn under such Letter of Credit at such time (assuming compliance
at such time with all conditions to drawing).

     “Bankruptcy Law” means any proceeding of the type referred to in Section
6.01(e) or Title 11, U.S. Code, or any similar foreign, federal or state law for the relief
of debtors.

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

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

     (b) the sum (adjusted to the nearest 1/4 of 1% or, if there is no nearest 1/4
of 1%, to the next higher 1/4 of 1%) of (i) 1/2 of 1% per annum, plus (ii) the
rate obtained by dividing (A) the latest three-week moving average of secondary
market morning offering rates in the United States for three-month certificates of
deposit of major United States money market banks, such three-week moving average
(adjusted to the basis of a year of 360 days) being determined weekly on each Monday
(or, if such day is not a Business Day, on the next succeeding Business Day) for the
three-week period ending on the previous Friday by Citibank on the basis of such
rates reported by certificate of deposit dealers to and published by the Federal
Reserve Bank of New York or, if such publication shall be suspended or terminated,
on the basis of quotations for such rates received by Citibank from three New York
certificate of deposit dealers of recognized standing selected by Citibank, by (B) a
percentage equal to 100% minus the average of the daily percentages specified during
such three-week period by the Board of Governors of the Federal Reserve System (or
any successor) for determining the maximum reserve requirement (including, but not
limited to, any emergency, supplemental or other marginal reserve requirement) for
Citibank with respect to liabilities consisting of or including (among other
liabilities) three-month Dollar non-personal time deposits in the United States,
plus (iii) the average during such three-week period of the annual
assessment rates estimated by Citibank for determining the then current annual
assessment payable by Citibank to the Federal Deposit Insurance Corporation (or any
successor) for insuring Dollar deposits of Citibank in the United States; and

     (c) 1/2 of one percent per annum above the Federal Funds Rate.

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

     “Borrowers” means, collectively, the Company and each Designated Subsidiary
that shall become a party to this Agreement pursuant to Section 9.12.

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

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

3

 

applicable Business Day relates to any Local Rate Advances on which banks are open for
business in the country of issue of the currency of such Local Rate Advance.

     “Capitalized Lease” means any lease the obligation for Rentals with respect to
which is required to be capitalized on a consolidated balance sheet of the lessee and its
subsidiaries in accordance with GAAP.

     “Capitalized Rentals” of any Person means as of the date of any determination
thereof the amount at which the aggregate Rentals due and to become due under all
Capitalized Leases under which such Person is a lessee would be reflected as a liability on
a consolidated balance sheet of such Person.

     “Change of Control” shall occur if (i) any Person or two or more Persons (other
than a Permitted Holder) acting in concert shall have acquired beneficial ownership (within
the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Securities
Exchange Act of 1934), directly or indirectly, of Voting Stock of the Company (or other
securities convertible into such Voting Stock) representing 35% or more of the combined
voting power of all Voting Stock of the Company; or (ii) during any period of up to 24
consecutive months, commencing before or after the Effective Date, individuals who at the
beginning of such 24-month period were directors of the Company shall cease for any reason
(other than due to death or disability) to constitute a majority of the board of
directors of the Company (except to the extent that individuals who at the beginning of such
24-month period were replaced by individuals (x) elected by 66-2/3% of the remaining members
of the board of directors of the Company or (y) nominated for election by a majority of the
remaining members of the board of directors of the Company and thereafter elected as
directors by the shareholders of the Company); provided, however, that in no
event shall a transaction that is permitted pursuant to Section 5.01(h)(i) constitute a
Change of Control under this Agreement.

     “Commitment” means a Revolving Credit Commitment or a Letter of Credit
Commitment.

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

     “Commitment Increase” has the meaning specified in Section 2.19(a).

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

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

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

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

     “Confidential Information” means confidential or proprietary information
delivered or made available by or on behalf of the Company or any Subsidiary to the Agent or
any Lender, but does not include information (i) which was publicly available or otherwise
known to the Agent or such Lender, at the time of disclosure (other than through disclosure
by the Company or any Subsidiary on behalf of the Company or any Subsidiary), (ii) which
subsequently becomes publicly known through no act or omission by the Agent or any Lender,
or (iii) which otherwise becomes known to the Agent or such Lender, other than through
disclosure by the Company or any Subsidiary or on behalf of the Company or any Subsidiary

4

 

or disclosure in violation of an obligation of confidence of which the Agent or such
Lender knows or should have known.

     “Consenting Lender” has the meaning specified in Section 2.20(b).

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

     “Consolidated Net Income” for any period shall mean the gross revenues of the
Company and its Consolidated Subsidiaries for such period less all expenses and other proper
charges (including taxes on income), determined on a consolidated basis in accordance with
GAAP.

     “Consolidated Net Worth” shall mean as of the date of any determination thereof
the consolidated shareholders equity of the Company and its Consolidated Subsidiaries
determined in accordance with GAAP. A “company-obligated minority interest in subsidiary”
associated with a monthly or quarterly income preferred security (MIPS/QUIPS), or similar
security, term income deferrable equity securities or similar securities, or securities
mandatorily convertible into common stock, will be included in Consolidated Net Worth for
purposes of this definition.

     “Consolidated Subsidiary” means any entity which is treated as a consolidated
subsidiary of the Company for purposes of its public financial statements as prepared in
accordance with GAAP.

     “Convert”, “Conversion” and “Converted” each refers to a
conversion of Revolving Credit Advances of one Type into Revolving Credit Advances of the
other Type pursuant to Section 2.09 or 2.10.

     “Debt” of any Person shall mean, as of the date of any determination thereof
(and, in each case, without duplication):

     (i) Indebtedness for borrowed money;

     (ii) Indebtedness which is evidenced by acceptances, notes or other instruments;

     (iii) Capitalized Rentals;

     (iv) reimbursement obligations under letters of credit issued to secure obligations of
any Person of the type described in clauses (i), (ii) or (iii) above;

     (v) any obligation (including, without limitation, obligations in connection with
sale-leaseback transactions) secured by a lien on assets, whether or not the obligor has
assumed such obligation or whether or not such obligation is non-recourse to the credit of
such obligor; and

     (vi) Guaranties of any of the foregoing;

and provided, however, that Debt shall not include (i) any obligation of the
Company or any Subsidiary if neither the Company nor any Consolidated Subsidiary is required
to account for such obligation as debt on the consolidated balance sheet of the Company
prepared in accordance with GAAP or (ii) any impact from derivative valuations accounted for
in accordance with GAAP.

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

     “Designated Bidder” means (a) an Eligible Assignee or (b) a special purpose
corporation that is engaged in making, purchasing or otherwise investing in commercial loans
in the ordinary course of its business and that issues (or the parent of which issues)
commercial paper rated at least “Prime-1” (or the then equivalent grade) by Moody’s or “A-1”
(or the then equivalent grade) by S&P that, in the case of either

5

 

clause (a) or (b), (i) is organized under the laws of the United States or any State
thereof, (ii) shall have become a party hereto pursuant to Section 9.06(d), (e) and (f) and
(iii) is not otherwise a Lender.

     “Designated Subsidiary” means any wholly-owned Subsidiary of the Company
designated for borrowing privileges under this Agreement pursuant to Section 9.12.

     “Designation Agreement” means a designation agreement entered into by a Lender
(other than a Designated Bidder) and a Designated Bidder, and accepted by the Agent, in
substantially the form of Exhibit D hereto.

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

     “Dollars” and the “$” sign each means lawful currency of the United
States of America.

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

     “EBITDA” means, for any period, net income (or net loss) plus the sum
of (a) interest expense and distributions on trust preferred securities, (b) income tax
expense, (c) depreciation expense, (d) amortization expense and (e) all non-recurring
charges minus non-recurring cash charges when paid (rather than as accrued), in each case
determined in accordance with GAAP for such period, provided, that for purposes of
calculating compliance with Section 5.01(f), the EBITDA attributable to any Person or
business unit acquired by the Company or any of its Subsidiaries during any period of four
full fiscal quarters shall be included on a pro forma basis for such period of four full
fiscal quarters (assuming the consummation of each such acquisition occurred on the first
day of such period of four full fiscal quarters).

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

     “Eligible Assignee” means (i) a Lender; (ii) an Affiliate of a Lender; (iii)
any other Person approved by the Agent and, unless an Event of Default has occurred and is
continuing at the time any assignment is effected in accordance with Section 9.06, the
Company, such approval not to be unreasonably withheld or delayed; provided,
however, that neither any Borrower nor an Affiliate of any Borrower shall qualify as
an Eligible Assignee.

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

     “ERISA” means the Employee Retirement Income Security Act of 1974, as amended,
and any successor statute of similar import, together with the regulations thereunder, in
each case as in effect from time to time.

     “ERISA Affiliate” means any corporation, trade or business that is, along with
the Company, a member of a controlled group of corporations or a controlled group of trades
or businesses as described in

6

 

section 414(b) and 414 (c) respectively, of the Internal Revenue Code of the United
Stated or Section 4001 of ERISA.

     “EURIBO Rate” means the rate appearing on Page 248 of the Moneyline 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 Agent from time to time for
purposes of providing quotations of interest rates applicable to deposits in Euro by
reference to the Banking Federation of the European Union Settlement Rates for deposits in
Euro) at approximately 10:00 a.m., London time, two Business Days prior to the commencement
of such Interest Period, as the rate for deposits in Euro with a maturity comparable to such
Interest Period or, if for any reason such rate is not available, and the Agent is unable to
determine such rate in accordance with Section 2.09(f)(i), the average (rounded upward to
the nearest whole multiple of 1/100 of 1% per annum, if such average is not such a multiple)
of the respective rates per annum at which deposits in Euros are offered by the principal
office of each of the Reference Banks in London, England to prime banks in the London
interbank market at 11:00 A.M. (London time) two Business Days before the first day of such
Interest Period in an amount substantially equal (x) in the case of Revolving Credit
Borrowings, to such Reference Bank’s Eurocurrency Rate Advance comprising part of such
Revolving Credit Borrowing to be outstanding during such Interest Period and for a period
equal to such Interest Period (subject, however, to the provisions of Section 2.09) or (y)
in the case of Competitive Bid Borrowings, to the amount that would be the Reference Banks’
respective ratable shares of such Borrowing if such Borrowing were to be a Revolving Credit
Borrowing to be outstanding during such Interest Period and for a period equal to such
Interest Period (subject, however, to the provisions of Section 2.09.

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

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

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

     “Eurocurrency Rate” means, for any Interest Period for each Eurocurrency Rate
Advance comprising part of the same Revolving Credit Borrowing, an interest rate per annum
equal to (a) in the case of any Revolving Credit Advance denominated in Dollars or any
Committed Currency other than Euro, the rate per annum (rounded upward to the nearest whole
multiple of 1/100 of 1% per annum) appearing on Moneyline Telerate Markets Page 3750 (or any
successor page) as the London interbank offered rate for deposits in Dollars or the
applicable Committed Currency at approximately 11:00 A.M. (London time) two Business Days
prior to the first day of such Interest Period for a term comparable to such Interest Period
or, if for any reason such rate is not available, and the Agent is unable to determine such
rate in accordance with Section 2.09(f)(i), the average (rounded upward to the nearest whole
multiple of 1/100 of 1% per annum, if such average is not such a multiple) of the rate per
annum at which deposits in Dollars or the applicable Committed Currency is offered by the
principal office of each of the Reference Banks in London, England to prime banks in the
London interbank market at 11:00 A.M. (London time) two Business Days before the first day
of such Interest Period in an amount substantially equal to such Reference Bank’s
Eurocurrency Rate Advance comprising part of such Revolving Credit Borrowing to be
outstanding during such Interest Period and for a period equal to such Interest Period or,
(b) in the case of any Revolving Credit Advance denominated in Euros, the EURIBO Rate. If
the Moneyline Telerate Markets Page 3750 (or any successor page) is unavailable, and the
Agent is unable to determine such rate in accordance with Section 2.09(f)(i), the
Eurocurrency Rate for any Interest Period for each Eurocurrency

7

 

Rate Advance comprising part of the same Revolving Credit Borrowing shall be determined
by the Agent in accordance with the provisions of Section 2.09(f)(ii).

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

     “Eurocurrency Rate Reserve Percentage” for any Interest Period for any
Eurocurrency Rate Advance or LIBO Rate Advance made by any Lender means the reserve
percentage, if any, applicable to such Lender two Business Days before the first day of such
Interest Period under regulations issued from time to time by the Board of Governors of the
Federal Reserve System (or any successor) with respect to liabilities or assets consisting
of or including Eurocurrency Liabilities (or with respect to any other category of
liabilities that includes deposits by reference to which the interest rate on Eurocurrency
Rate Advances or LIBO Rate Advances is determined) having a term equal to such Interest
Period.

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

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

     “Extension Date” has the meaning specified in Section 2.20(b).

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

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

     “Foreign Currency” means any Committed Currency and any other lawful currency
(other than Dollars) that is freely transferable or convertible into Dollars.

     “GAAP” has the meaning specified in Section 1.03.

     “Guaranteed Obligations” has the meaning specified in Section 7.01.

     “Guaranties” by any Person shall mean all obligations (other than endorsements
in the ordinary course of business of negotiable instruments for deposit or collection) of
such Person guaranteeing any Indebtedness, dividend or other obligation of any other Person
(the “primary obligor”) in any manner, whether directly or indirectly, including, without
limitation, all obligations incurred through an agreement, contingent or otherwise, by such
Person: (i) to purchase such Indebtedness or obligation or any property or assets
constituting security therefor, (ii) to advance or supply funds (x) for the purchase or
payment of such Indebtedness or obligation or (y) to maintain working capital or other
balance sheet condition or otherwise to advance or make available funds for the purchase or
payment of such Indebtedness or obligation, (iii) to lease property or to purchase
securities or other property or services primarily for the purpose of assuring the owner of
such Indebtedness or obligation of the ability of the primary obligor to make payment of the
Indebtedness or obligation, or (iv) otherwise to assure the owner of the Indebtedness or
obligation of the primary obligor against loss in respect thereof. For the purposes of all
computation made under this Agreement, a Guaranty in respect of any Indebtedness for
borrowed money shall be deemed to be Indebtedness equal to the principal amount of such
Indebtedness for borrowed money which has been guaranteed, and a Guaranty in respect of any
other obligation or liability or any dividend shall be deemed to be Indebtedness equal to
the maximum aggregate amount of such obligation, liability or dividend.

8

 

Notwithstanding the foregoing, “Guaranties” shall not include (i) any guaranty by the
Company or any subsidiary of obligations of the Company or any subsidiary which obligations
are not of the type described in any of the clauses (i) through (v) in the definition of
“Debt” contained in this Article I; (ii) any obligation of the Company or any subsidiary if
neither the Company nor any subsidiary would be required to account for such obligation as
debt on a consolidated balance sheet prepared in accordance with GAAP; or (iii) so-called
“take-or-pay” contracts whereunder the Company or any subsidiary agrees to purchase goods or
services reasonably expected to be delivered, except where any such take-or-pay contract is
being pledged or conveyed substantially simultaneously with the execution and delivery
thereof by the Company or any Subsidiary to secure Debt of any other Person.

     “Increase Date” has the meaning specified in Section 2.19(a).

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

     “Indebtedness” of any Person means and includes all obligations of such Person,
which in accordance with GAAP shall be classified upon a balance sheet of such Person as
liabilities of such Person, and in any event shall include all Debt.

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

     (a) the Borrowers may not select any Interest Period that ends after the
Termination Date;

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

     (c) in the case of any such Revolving Credit Borrowing, the Borrowers shall not
be entitled to select an Interest Period having duration of nine months unless, by
2:00 P.M. (New York City time) on the third Business Day prior to the first day of
such Interest Period, each Lender notifies the Agent that such Lender will be
providing funding for such Revolving Credit Borrowing with such Interest Period (the
failure of any Lender to so respond by such time being deemed for all purposes of
this Agreement as an objection by such Lender to the requested duration of such
Interest Period); provided that, if any or all of the Lenders object to the
requested duration of such Interest Period, the duration of the Interest Period for
such Revolving Credit Borrowing shall be one, two, three or six months, as specified
by the Borrower requesting such Revolving Credit Borrowing in the applicable Notice
of Revolving Credit Borrowing as the desired alternative to an Interest Period of
nine months;

     (d) whenever the last day of any Interest Period would otherwise occur on a day
other than a Business Day, the last day of such Interest Period shall be extended to
occur on the next succeeding Business Day, provided, however, that,
if such extension would cause the last day

9

 

of such Interest Period to occur in the next following calendar month, the last
day of such Interest Period shall occur on the next preceding Business Day; and

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

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

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

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

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

     “Lenders” means the Initial Lenders, the Issuing Banks, each Assuming Lender
that shall become a party hereto pursuant to Section 2.19 or 2.20 and each Person that shall
become a party hereto pursuant to Section 9.06 (a), (b) and (c) and, except when used in
reference to a Revolving Credit Advance, a Revolving Credit Borrowing, a Revolving Credit
Note, a Commitment or a related term, each Designated Bidder.

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

     “Letter of Credit Commitment” means, with respect to each Initial Issuing Bank,
the amount set forth opposite such Initial Issuing Bank’s name on the signature pages hereto
under the caption “Letter of Credit Commitment” or, if such Initial Issuing Bank has entered
into one or more Assignment and Acceptances, the amount set forth for such Issuing Bank in
the Register maintained by the Agent pursuant to Section 9.06(g) as such Issuing Bank’s
“Letter of Credit Commitment”, as such amount may be reduced at or prior to such time
pursuant to Section 2.07.

     “Letter of Credit Facility” means, at any time, an amount equal to the lesser
of (a) the amount of the Issuing Banks’ Letter of Credit Commitments at such time and (b)
$100,000,000 (or the Dollar Equivalent thereof of any Committed Currency), as such amount
may be reduced at or prior to such time pursuant to Section 2.07.

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

     “Leverage Ratio” means the ratio of (a) Debt of the Company and its
Consolidated Subsidiaries as of any date to (b) EBITDA of the Company and its Consolidated
Subsidiaries for the four fiscal quarters ended on or immediately prior to such date.

     “LIBO Rate” means, for any Interest Period for all LIBO Rate Advances
comprising part of the same Competitive Bid Borrowing, an interest rate per annum equal to
(a) in the case of any Competitive

10

 

Bid Borrowing denominated in Dollars or any Foreign Currency other than Euros, the rate
per annum (rounded upward to the nearest whole multiple of 1/100 of 1% per annum) appearing
on Moneyline Telerate Markets Page 3750 (or any successor page) as the London interbank
offered rate for deposits in Dollars or the applicable Committed Currency at approximately
11:00 A.M. (London time) two Business Days prior to the first day of such Interest Period
for a term comparable to such Interest Period or, if for any reason such rate is not
available, and the Agent is unable to determine such rate in accordance with Section
2.09(f)(i), the average (rounded upward to the nearest whole multiple of 1/100 of 1% per
annum, if such average is not such a multiple) of the rate per annum at which deposits in
Dollars or the applicable Foreign Currency is offered by the principal office of each of the
Reference Banks in London, England to prime banks in the London interbank market at 11:00
A.M. (London time) two Business Days before the first day of such Interest Period in an
amount substantially equal to the amount that would be the Reference Banks’ respective
ratable shares of such Borrowing if such Borrowing were to be a Revolving Credit Borrowing
to be outstanding during such Interest Period and for a period equal to such Interest Period
or (b) in the case of any Competitive Bid Borrowing denominated in Euros, the EURIBO Rate.
If the Moneyline Telerate Markets Page 3750 (or any successor page) is unavailable, and the
Agent is unable to determine such rate in accordance with Section 2.09(f)(i), the LIBO Rate
for any Interest Period for each LIBO Rate Advance comprising part of the same Competitive
Bid Borrowing shall be determined by the Agent in accordance with the provisions of Section
2.09(f)(ii).

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

     “Lien” means any interest in property securing an obligation owed to, or a
claim by, a Person other than the owner of the property, whether such interest is based on
common law, statute or contract, and including but not limited to the security interest lien
arising from a mortgage, encumbrance, pledge, conditional sale or trust receipt or a lease,
consignment or bailment for security purposes.

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

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

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

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

     “Multiemployer Plan” has the same meaning as in ERISA.

     “Net Tangible Assets” means as of the date of any determination thereof, the
total amount of all Tangible Assets of the Company and its Consolidated Subsidiaries minus
consolidated current liabilities of the Company and its Consolidated Subsidiaries determined
in accordance with GAAP.

     “Non-Consenting Lender” has the meaning specified in Section 2.20(b).

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

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

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

11

 

     “Patriot Act” means the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56,
signed into law October 26, 2001.

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

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

     “Permitted Holder” shall mean the Company or any stock option or employee
benefit plan of the Company or any of its Subsidiaries.

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

     “Plan” means at any time an employee pension benefit plan of the Company or any
Subsidiary which is covered by Title IV of ERISA.

     “Principal Property” means any building, structure or other facility, together
with the land upon which it is erected and fixtures comprising a part thereof, used
primarily for manufacturing and located in the United States of America, in each case the
net book value of which as of the date of any determination thereof exceed 3% of Net
Tangible Assets.

     “Pro Rata Share” of any amount means, with respect to any Lender at any time,
the product of such amount times a fraction the numerator of which is the amount of
such Lender’s Revolving Credit Commitment at such time (or, if the Revolving Credit
Commitments shall have been terminated pursuant to Section 2.07 or 6.01, such Lender’s
Revolving Credit Commitment as in effect immediately prior to such termination) and the
denominator of which is the aggregate amount of all Revolving Credit Commitments at such
time (or, if the Revolving Credit Commitments shall have been terminated pursuant to Section
2.07 or 6.01, the aggregate amount of all Revolving Credit Commitments as in effect
immediately prior to such termination).

     “Public Debt Rating” means, as of any date, the rating that has been most
recently announced (or, as provided in clause (b) below, an implied rating) by either S&P or
Moody’s, as the case may be, for any class of non-credit enhanced long-term senior unsecured
debt issued by the Company or, if either such rating agency has issued more than one such
rating, the lowest of such ratings issued by such rating agency. For purposes of the
foregoing, (a) if only one of S&P and Moody’s shall have in effect a Public Debt Rating, the
Applicable Margin, the Applicable Percentage and the Applicable Utilization Fee shall be
determined by reference to the available rating; (b) if neither S&P nor Moody’s shall have
in effect a Public Debt Rating, the Company shall within 45 days obtain an implied rating
from S&P or Moody’s of the Company’s obligations under this Agreement and, if such implied
rating is not obtained within such period, the Applicable Margin, the Applicable Percentage
and the Applicable Utilization Fee will be set in accordance with Level 6 under the
definition of “Applicable Margin”, “Applicable Percentage” or
“Applicable Utilization Fee”, as the case may be; (c) if the ratings established by
S&P and Moody’s shall fall within different levels, the Applicable Margin and the Applicable
Percentage shall be based upon the higher rating, unless the ratings are separated by two or
more levels, in which case the applicable level shall be the level that is one level below
the higher rating; (d) if any rating established by S&P or Moody’s shall be changed, such
change shall be effective as of the date on which such change is first announced publicly by
the rating agency making such change; and (e) if S&P or Moody’s shall change the basis on
which ratings are established, each reference to the Public Debt Rating announced by S&P or
Moody’s, as the case may be, shall refer to the then equivalent rating by S&P or Moody’s, as
the case may be.

12

 

     “Receivables Facility” means the accounts receivable facility established by
the Company as in effect on the Effective Date or any replacement receivables facility (so
long as such replacement receivables facility is on substantially similar terms and
conditions) whereby the Company and/or certain of its Subsidiaries shall have sold or
transferred, or hereafter sell or transfer, the accounts receivables of the Company and its
Subsidiaries, directly or indirectly, to the Receivables Subsidiary which in turn transfers
to a buyer, purchaser or lender undivided fractional interests in such accounts receivable.

     “Receivables Subsidiary” means Goodrich Finance LLC, a Delaware limited
liability company, or any successor or replacement entity that shall have been established
as a “bankruptcy remote” Subsidiary for the sole purpose of acquiring accounts receivable
under the Receivables Facility and that shall not engage in any activities other than in
connection with the Receivables Facility.

     “Reference Banks” means Citibank, JPMorgan Chase Bank, N.A. and Bank of
America, N.A.

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

     “Rentals” means and includes as of the date of any determination thereof all
fixed payments (including as such all payments which the lessee is obligated to make to the
lessor on termination of the lease or surrender of the property) payable by the Company or a
Restricted Subsidiary, as lessee or sublessee under a lease of real or personal property,
but shall be exclusive of any amounts required to be paid by the Company or a Restricted
Subsidiary (whether or not designated as rents or additional rents) on account of
maintenance, repairs, insurance, taxes and similar charges. Fixed rents under any so-called
“percentage Leases” shall be computed solely on the basis of the minimum rents, if any,
required to be paid by the lessee regardless of sales volume or gross revenues

     “Required Lenders” means at any time Lenders owed at least a majority in
interest of the then aggregate unpaid principal amount (based on the Equivalent in Dollars
at such time) of the Revolving Credit Advances owing to Lenders, or, if no such principal
amount is then outstanding, Lenders having at least a majority in interest of the Revolving
Credit Commitments.

     “Responsible Officer” of any Person means the chief financial officer,
treasurer or any assistant treasurer of such Person.

     “Restricted Subsidiary” means any Subsidiary (i) which conducts substantially
all of its business and has substantially all of its assets within the United States of
America and which owns a Principal Property, or (ii) any Designated Subsidiary;
provided, however, that Restricted Subsidiary shall not include any
Subsidiary the primary business of which consists of financing operations in connection with
leasing and conditional sales transactions on behalf of the Company and its Subsidiaries,
purchasing accounts receivable or making loans secured by accounts receivable or inventory,
or which is otherwise primarily engaged in the business of a finance company.

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

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

     “Revolving Credit Borrowing Minimum” means, in respect of Revolving Credit
Advances denominated in Dollars, $5,000,000, in respect of Revolving Credit Advances
denominated in Sterling, £5,000,000 and, in respect of Revolving Credit Advances denominated
in Euros, €5,000,000 or, if less, in the case of any Revolving Credit Advance, the
aggregate amount of the unused Commitments.

13

 

     “Revolving Credit Borrowing Multiple” means, in respect of Revolving Credit
Advances denominated in Dollars, $1,000,000 in respect of Revolving Credit Advances
denominated in Sterling, £1,000,000 and, in respect of Revolving Credit Advances denominated
in Euros, €1,000,000.

     “Revolving Credit Commitment” means, with respect to any Lender at any time (a)
the Dollar amount set forth opposite such Lender’s name on the signature pages hereto under
the caption “Revolving Credit Commitment”, (b) if such Lender has become a Lender hereunder
pursuant to an Assumption Agreement, the Dollar amount set forth in such Assumption
Agreement or (c) if such Lender has entered into one or more Assignment and Acceptances, the
Dollar amount set forth for such Lender in the Register maintained by the Agent pursuant to
Section 9.07(g) as such Lender’s “Revolving Credit Commitment”, as such amount may be
reduced at or prior to such time pursuant to Section 2.07 or increased pursuant to Section
2.19.

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

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

     “SEC Reports” means the periodic and current reports filed by the Company with
the Securities and Exchange Commission from time to time pursuant to the Securities Exchange
Act of 1934, as amended.

     “Significant Subsidiary” means any Subsidiary that would be a “significant
subsidiary” of the Company within the meaning of Rule 1-02 under Regulation S-X promulgated
by the Securities and Exchange Commission.

     “Sub-Agent” means Citibank International plc.

     “Subsidiary” of any Person means any corporation, partnership, joint venture,
limited liability company, trust or estate of which (or in which) more than 50% of (a) the
issued and outstanding capital stock having ordinary voting power to elect a majority of the
Board of Directors of such corporation (irrespective of whether at the time capital stock of
any other class or classes of such corporation shall or might have voting power upon the
occurrence of any contingency), (b) the interest in the capital or profits of such limited
liability company, partnership or joint venture or (c) the beneficial interest in such trust
or estate is at the time directly or indirectly owned or controlled by such Person, by such
Person and one or more of its other Subsidiaries or by one or more of such Person’s other
Subsidiaries; provided, however, that, notwithstanding the foregoing, with respect
to the Company, for purposes of this Agreement the Receivables Subsidiary shall not be
deemed to be a Subsidiary of the Company or any of its Subsidiaries.

     “Tangible Assets” means as of the date of any determination thereof the total
amount of all assets of the Company and its Consolidated Subsidiaries (less depreciation,
depletion and other properly deductible valuation reserves) after deducting goodwill as
reflected in the Company’s most recent annual report to shareholders.

     “Termination Date” means the earlier of (a) May 25, 2010, subject to the
extension thereof pursuant to Section 2.20 and (b) the date of termination in whole of the
Commitments pursuant to Section 2.06 or 6.01; provided, however, that the
Termination Date hereunder with respect to any Advance made by or Letter of Credit
participation owned by any Lender that is a Non-Consenting Lender to any requested extension
pursuant to Section 2.20 shall be the Termination Date in effect immediately prior to the
applicable Extension Date for all purposes of this Agreement.

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     “Unused Commitment” means, with respect to each Lender at any time, (a) such
Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the
aggregate principal amount of all Revolving Credit Advances made by such Lender (in its
capacity as a Lender) and outstanding at such time, plus (ii) such Lender’s Pro Rata
Share of (A) the aggregate Available Amount of all the Letters of Credit outstanding at such
time, (B) the aggregate principal amount of all Revolving Credit Advances made by each
Issuing Bank pursuant to Section 2.04(c) that have not been ratably funded by such Lender
and outstanding at such time and (C) the aggregate principal amount of Competitive Bid
Advances then outstanding.

     “Usage” means, at any time the sum of the aggregate principal amount of the
Advances then outstanding (based in respect of any Advance denominated in a Foreign Currency
on the Equivalent in Dollars at the time such Usage is calculated) plus the
Available Amount of the outstanding Letters of Credit.

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

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

          SECTION 1.03.  Accounting Terms. Except as
otherwise specifically provided herein, all terms of an accounting or financial nature shall be
construed in accordance with generally accepted accounting principles, as in effect from time to
time (“GAAP”); provided that, if the Company notifies the Agent that the Company
requests an amendment to any provision of Section 5.01 hereof to eliminate the effect of any
change occurring after the Effective Date in generally accepted accounting principles or in the
application thereof to such provision (or if the Agent notifies the Company that the Required
Lenders request an amendment to any such provision hereof for such purposes), regardless of whether
any such notice is given before or after such change in generally accepted accounting principles or
in the application thereof, then such provision shall be interpreted on the basis of generally
accepted accounting principles 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 with the requirements of this Agreement.

ARTICLE II

AMOUNTS AND TERMS OF THE ADVANCES

          SECTION
2.01. The Revolving Credit Advances and Letters of Credit.
(a) Revolving Credit
Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to
make Revolving Credit Advances to any Borrower from time to time on any Business Day during the
period from the Effective Date until the Termination Date in an aggregate amount (based in respect
of any Revolving Credit Advances to be denominated in a Committed Currency by reference to the
Equivalent thereof in Dollars determined on the date of delivery of the applicable Notice of
Revolving Credit Borrowing) not to exceed at any time outstanding such Lender’s Unused Commitment
at such time. Each Revolving Credit Borrowing shall be in an amount not less than the Revolving
Credit Borrowing Minimum or the Revolving Credit Borrowing Multiple in excess thereof and shall
consist of Revolving Credit Advances of the same Type and in the same currency made on the same day
by the Lenders ratably according to their respective Revolving Credit Commitments. Within the
limits of each Lender’s Revolving Credit Commitment, the Borrowers may borrow under this Section
2.01(a), prepay pursuant to Section 2.11 and reborrow under this Section 2.01(a).

          (b) Letters of Credit. Each Issuing Bank agrees, on the terms and conditions
hereinafter set forth and in reliance upon the Lenders’ obligation to participate pursuant to
Section 2.04(b), to issue letters of credit (each, a “Letter of Credit”) denominated in Dollars or any Committed Currency for the
account of any Borrower

15

 

from time to time on any Business Day during the period from the Effective
Date until 30 days before the Termination Date in an aggregate Available Amount (based in respect
of any Letter of Credit to be denominated in a Committed Currency by reference to the Equivalent
thereof in Dollars determined on the date of delivery of the applicable Notice of Issuance) (i) for
all Letters of Credit issued by each Issuing Bank not to exceed at any time the lesser of (x) the
Letter of Credit Facility at such time and (y) such Issuing Bank’s Letter of Credit Commitment at
such time and (ii) for each such Letter of Credit not to exceed an amount equal to the Unused
Commitments of the Lenders at such time. No Letter of Credit shall have an expiration date
(including all rights of the Borrowers or the beneficiary to require renewal) later than 10
Business Days before the Termination Date. Within the limits referred to above, the Borrowers may
request the issuance of Letters of Credit under this Section 2.01(b), repay any Revolving Credit
Advances resulting from drawings thereunder pursuant to Section 2.04(c) and request the issuance of
additional Letters of Credit under this Section 2.01(b). No Issuing Bank shall be under any
obligation to issue any Letter of Credit if any order, judgment or decree of any governmental
authority or arbitrator shall by its terms purport to enjoin or restrain such Issuing Bank from
issuing such Letter of Credit, or any law applicable to such Issuing Bank or any request or
directive (whether or not having the force of law) from any governmental authority with
jurisdiction over such Issuing Bank shall prohibit, or request that such Issuing Bank refrain from,
the issuance of letters of credit generally or such Letter of Credit in particular or shall impose
upon such Issuing Bank with respect to such Letter of Credit any restriction, reserve or capital
requirement (for which such Issuing Bank is not or does not have the right to be otherwise
compensated hereunder) not in effect on the date of this Agreement, or shall impose upon such
Issuing Bank any unreimbursed loss, cost or expense which was not applicable on such date and which
such Issuing Bank in good faith deems material to it. Each letter of credit listed on Schedule
2.01(b) (the “Existing Letters of Credit”) shall be deemed to constitute a Letter of Credit
issued hereunder and, on and after the Effective Date, shall be subject to all of the terms and
conditions hereof, including, but not limited to, the fees payable pursuant to Section 2.05(c).
Each Lender that is an issuer of an Existing Letter of Credit shall, for purposes of Section 2.04,
be deemed to be an Issuing Bank for each such Existing Letter of Credit, provided that any
renewal or replacement of any Existing Letter of Credit shall be issued by an Issuing Bank pursuant
to the terms of this Agreement.

          SECTION 2.02. Making the
Revolving Credit Advances. (a) Each Revolving Credit Borrowing shall be made on notice, given
not later than (x) 11:00 A.M. (New York City time) on the third Business Day prior to the date of
the proposed Revolving Credit Borrowing in the case of a Revolving Credit Borrowing consisting of
Eurocurrency Rate Advances denominated in Dollars, (y) 4:00 P.M. (London time) on the third
Business Day prior to the date of the proposed Revolving Credit Borrowing in the case of a
Revolving Credit Borrowing consisting of Eurocurrency Rate Advances denominated in any Committed
Currency, or (z) 12:00 noon (New York City time) on the date of the proposed Revolving Credit
Borrowing in the case of a Revolving Credit Borrowing consisting of Base Rate Advances, by any
Borrower to the Agent (and, in the case of a Revolving Credit Borrowing consisting of Eurocurrency
Rate Advances to be made in a Committed Currency, simultaneously to the Sub-Agent), which shall
give to each Lender prompt notice thereof by telecopier or telex. Each such notice of a Revolving
Credit Borrowing (a “Notice of Revolving Credit Borrowing”) shall be by telephone,
confirmed immediately in writing, or telecopier or telex in substantially the form of Exhibit B-1
hereto, specifying therein the requested (i) date of such Revolving Credit Borrowing, (ii) Type of
Advances comprising such Revolving Credit Borrowing, (iii) aggregate amount of such Revolving
Credit Borrowing, and (iv) in the case of a Revolving Credit Borrowing consisting of Eurocurrency
Rate Advances, initial Interest Period and currency for each such Revolving Credit Advance. Each
Lender shall, before 1:00 P.M. (New York City time) on the date of such Revolving Credit Borrowing,
in the case of a Revolving Credit Borrowing consisting of Advances denominated in Dollars, and
before 11:00 A.M. (London time) on the date of such Revolving Credit Borrowing, in the case of a
Revolving Credit Borrowing consisting of Eurocurrency Rate Advances denominated in any Committed
Currency, make available for the account of its Applicable Lending Office to the Agent at the
applicable Agent’s Account, in same day funds, such Lender’s ratable portion of such Revolving
Credit Borrowing. After the Agent’s receipt of such funds and upon fulfillment of the applicable
conditions set forth in Article III, the Agent will make such funds available to the Borrower
requesting such Revolving Credit Borrowing at the Agent’s address referred to in Section 9.02 or at
the applicable Payment Office, as the case may be.

          (b) Anything in subsection (a) above to the contrary notwithstanding, (i) no Borrower may
select Eurocurrency Rate Advances for any Revolving Credit Borrowing if the aggregate amount of
such Revolving Credit Borrowing is less than the Revolving Credit Borrowing Minimum or if the obligation of
the Lenders to make

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Eurocurrency Rate Advances shall then be suspended pursuant to Section 2.09 or
2.13 and (ii) the Eurocurrency Rate Advances may not be outstanding as part of more than eight
separate Revolving Credit Borrowings.

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

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

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

          SECTION 2.03. The Competitive Bid
Advances. (a) Each Lender severally agrees that any Borrower may make Competitive Bid
Borrowings under this Section 2.03 from time to time on any Business Day during the period from the
date hereof until the date occurring 30 days prior to the Termination Date in the manner set forth
below; provided that, following the making of each Competitive Bid Borrowing, the Usage
shall not exceed the aggregate amount of the Revolving Credit Commitments of the Lenders.

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

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earlier of (I) 180 days after the date of such Competitive Bid
Borrowing and (II) the Termination Date), (F) interest payment date or dates relating
thereto, (G) location of such Borrower’s account to which funds are to be advanced and (H)
other terms (if any) to be applicable to such Competitive Bid Borrowing, not later than (w)
10:00 A.M. (New York City time) at least two Business Days prior to the date of the proposed
Competitive Bid Borrowing, if such Borrower shall specify in the Notice of Competitive Bid
Borrowing that the rates of interest to be offered by the Lenders shall be fixed rates per
annum (the Advances comprising any such Competitive Bid Borrowing being referred to herein
as “Fixed Rate Advances”) and that the Advances comprising such proposed Competitive
Bid Borrowing shall be denominated in Dollars, (x) 10:00 A.M. (New York City time) at least
four Business Days prior to the date of the proposed Competitive Bid Borrowing, if such
Borrower shall specify in the Notice of Competitive Bid Borrowing that the Advances
comprising such Competitive Bid Borrowing shall be LIBO Rate Advances denominated in
Dollars, (y) 10:00 A.M. (London time) at least two Business Days prior to the date of the
proposed Competitive Bid Borrowing, if such Borrower shall specify in the Notice of
Competitive Bid Borrowing that the Advances comprising such proposed Competitive Bid
Borrowing shall be either Fixed Rate Advances denominated in any Foreign Currency or Local
Rate Advances denominated in any Foreign Currency and (z) 10:00 A.M. (London time) at least
four Business Days prior to the date of the proposed Competitive Bid Borrowing, if such
Borrower shall instead specify in the Notice of Competitive Bid Borrowing that the Advances
comprising such Competitive Bid Borrowing shall be LIBO Rate Advances denominated in any
Foreign Currency. Each Notice of Competitive Bid Borrowing shall be irrevocable and binding
on such Borrower. The Agent or the Sub-Agent, as the case may be, shall in turn promptly
notify each Lender of each request for a Competitive Bid Borrowing received by it from such
Borrower by sending such Lender a copy of the related Notice of Competitive Bid Borrowing.

     (ii) Each Lender may, if, in its sole discretion, it elects to do so, irrevocably offer
to make one or more Competitive Bid Advances to the Borrower proposing the Competitive Bid
Borrowing as part of such proposed Competitive Bid Borrowing at a rate or rates of interest
specified by such Lender in its sole discretion, by notifying the Agent or the Sub-Agent, as
the case may be (which shall give prompt notice thereof to such Borrower), (A) before 9:30
A.M. (New York City time) on the date of such proposed Competitive Bid Borrowing, in the
case of a Competitive Bid Borrowing consisting of Fixed Rate Advances denominated in
Dollars, (B) before 10:00 A.M. (New York City time) three Business Days before the date of
such proposed Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing
consisting of LIBO Rate Advances, denominated in Dollars, (C) before 12:00 noon (London
time) on the Business Day prior to the date of such proposed Competitive Bid Borrowing, in
the case of a Competitive Bid Borrowing consisting of either Fixed Rate Advances denominated
in any Foreign Currency or Local Rate Advances denominated in any Foreign Currency and (D)
before 12:00 noon (London time) on the third Business Day prior to the date of such proposed
Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of LIBO
Rate Advances denominated in any Foreign Currency, of the minimum amount and maximum amount
of each Competitive Bid Advance which such Lender would be willing to make as part of
Borrowing (which amounts or the Equivalent thereof in Dollars, as the case may be, of such
proposed Competitive Bid may, subject to the proviso to the first sentence of this Section
2.03(a), exceed such Lender’s Commitment, if any), the rate or rates of interest therefor
and such Lender’s Applicable Lending Office with respect to such Competitive Bid Advance;
provided that if the Agent in its capacity as a Lender shall, in its sole
discretion, elect to make any such offer, it shall notify such Borrower of such offer at
least 30 minutes before the time and on the date on which notice of such election is to be
given to the Agent or to the Sub-Agent, as the case may be, by the other Lenders;
provided further that, notwithstanding the foregoing, no Lender shall make an offer
to make Competitive Bid Advances pursuant to this Section if the making of such Competitive
Bid Advance would result in an obligation by any Borrower to reimburse or otherwise
compensate such Lender for any withholding or other tax pursuant to Section 2.15 or
otherwise reimburse, compensate or indemnify such Lender for any increased costs pursuant to
Section 2.12 or otherwise. If any Lender shall elect not to make such an offer, such Lender
shall so notify the Agent before 10:00 A.M. (New York City time) or the Sub-Agent before
12:00 noon (London time) on the date on which notice of such election is to be given to the
Agent or to the Sub-Agent, as the case may be, by the other Lenders, and such Lender shall not be
obligated to, and shall not, make any Competitive Bid Advance as part of such Competitive
Bid Borrowing; provided that the

18

 

failure by any Lender to give such notice shall not
cause such Lender to be obligated to make any Competitive Bid Advance as part of such
proposed Competitive Bid Borrowing.

     (iii) The Borrower proposing the Competitive Bid Borrowing shall, in turn, (A) before
10:30 A.M. (New York City time) on the date of such proposed Competitive Bid Borrowing, in
the case of a Competitive Bid Borrowing consisting of Fixed Rate Advances denominated in
Dollars, (B) before 11:00 A.M. (New York City time) three Business Days before the date of
such proposed Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing
consisting of LIBO Rate Advances denominated in Dollars, (C) before 3:00 P.M. (London time)
on the Business Day prior to the date of such proposed Competitive Bid Borrowing, in the
case of a Competitive Bid Borrowing consisting of either Fixed Rate Advances denominated in
any Foreign Currency or Local Rate Advances denominated in any Foreign Currency and (D)
before 3:00 P.M. (London time) on the third Business Day prior to the date of such
Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of LIBO
Rate Advances denominated in any Foreign Currency, either:

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

     (y) accept one or more of the offers made by any Lender or Lenders pursuant to
paragraph (ii) above, in its sole discretion, by giving notice to the Agent or to
the Sub-Agent, as the case may be, of the amount of each Competitive Bid Advance
(which amount shall be equal to or greater than the minimum amount, and equal to or
less than the maximum amount, notified to such Borrower by the Agent or the
Sub-Agent, as the case may be, on behalf of such Lender for such Competitive Bid
Advance pursuant to paragraph (ii) above) to be made by each Lender as part of such
Competitive Bid Borrowing, and reject any remaining offers made by Lenders pursuant
to paragraph (ii) above by giving the Agent or the Sub-Agent, as the case may be,
notice to that effect. Such Borrower shall accept the offers made by any Lender or
Lenders to make Competitive Bid Advances in order of the lowest to the highest rates
of interest offered by such Lenders. If two or more Lenders have offered the same
interest rate, the amount to be borrowed at such interest rate will be allocated
among such Lenders in proportion to the amount that each such Lender offered at such
interest rate.

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

     (v) If the Borrower proposing the Competitive Bid Borrowing accepts one or more of the
offers made by any Lender or Lenders pursuant to paragraph (iii)(y) above, the Agent or the
Sub-Agent, as the case may be, shall in turn promptly notify (A) each Lender that has made
an offer as described in paragraph (ii) above, of the date and aggregate amount of such
Competitive Bid Borrowing and whether or not any offer or offers made by such Lender
pursuant to paragraph (ii) above have been accepted by such Borrower, (B) each Lender that
is to make a Competitive Bid Advance as part of such Competitive Bid Borrowing, of the
amount of each Competitive Bid Advance to be made by such Lender as part of such Competitive
Bid Borrowing, and (C) each Lender that is to make a Competitive Bid Advance as part of such
Competitive Bid Borrowing, upon receipt, that the Agent or the Sub-Agent, as the case may
be, has received forms of documents appearing to fulfill the applicable conditions set forth
in Article III. Each Lender that is to make a Competitive Bid Advance as part of such
Competitive Bid Borrowing shall, before 12:00 noon (New York City time), in the case of
Competitive Bid Advances to be denominated in Dollars or 11:00 A.M. (London time), in the
case of Competitive Bid Advances to be denominated in any Foreign Currency, on the date of
such Competitive Bid Borrowing specified in the notice received from the Agent or the
Sub-Agent, as the case may be, pursuant to clause (A) of the preceding sentence or any later
time when such Lender shall have received notice from the Agent or the Sub-Agent, as the
case may be pursuant to clause (C) of the preceding sentence, make available for the account
of its Applicable Lending Office to

19

 

the Agent (x) in the case of a Competitive Bid Borrowing
denominated in Dollars, at its address referred to in Section 9.02, in same day funds, such
Lender’s portion of such Competitive Bid Borrowing in Dollars and (y) in the case of a
Competitive Bid Borrowing in a Foreign Currency, at the Payment Office for such Foreign
Currency as shall have been notified by the Agent to the Lenders prior thereto, in same day
funds, such Lender’s portion of such Competitive Bid Borrowing in such Foreign Currency.
Upon fulfillment of the applicable conditions set forth in Article III and after receipt by
the Agent of such funds, the Agent will make such funds available to such Borrower at the
location specified by such Borrower in its Notice of Competitive Bid Borrowing. Promptly
after each Competitive Bid Borrowing the Agent will notify each Lender of the amount and
tenor of the Competitive Bid Borrowing.

     (vi) If the Borrower proposing the Competitive Bid Borrowing notifies the Agent or the
Sub-Agent, as the case may be, that it accepts one or more of the offers made by any Lender
or Lenders pursuant to paragraph (iii)(y) above, such notice of acceptance shall be
irrevocable and binding on such Borrower. Such Borrower shall indemnify each Lender against
any reasonable loss, cost or expense incurred by such Lender as a result of any failure to
fulfill on or before the date specified in the related Notice of Competitive Bid Borrowing
for such Competitive Bid Borrowing the applicable conditions set forth in Article III,
including, without limitation, any reasonable loss (excluding loss of anticipated profits),
cost or expense incurred by reason of the liquidation or reemployment of deposits or other
funds acquired by such Lender to fund the Competitive Bid Advance to be made by such Lender
as part of such Competitive Bid Borrowing when such Competitive Bid Advance, as a result of
such failure, is not made on such date.

          (b) Each Competitive Bid Borrowing shall be in an aggregate amount of $5,000,000 (or the
Equivalent thereof in any Foreign Currency, determined as of the time of the applicable Notice of
Competitive Bid Borrowing) or an integral multiple of $1,000,000 (or the Equivalent thereof in any
Foreign Currency, determined as of the time of the applicable Notice of Competitive Bid Borrowing)
in excess thereof and, following the making of each Competitive Bid Borrowing, the Borrower that
has borrowed such Competitive Bid Borrowing shall be in compliance with the limitation set forth in
the proviso to the first sentence of subsection (a) above.

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

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

          (e) The Borrower that has borrowed through a Competitive Bid Borrowing shall pay interest on
the unpaid principal amount of each Competitive Bid Advance made to such Borrower from the date of
such Competitive Bid Advance to the date the principal amount of such Competitive Bid Advance is
repaid in full, at the rate of interest for such Competitive Bid Advance specified by the Lender
making such Competitive Bid Advance in its notice with respect thereto delivered pursuant to
subsection (a)(ii) above, payable on the interest payment date or dates specified by such Borrower
for such Competitive Bid Advance in the related Notice of Competitive Bid Borrowing delivered
pursuant to subsection (a)(i) above, as provided in the Competitive Bid Note evidencing such
Competitive Bid Advance. Upon the occurrence and during the continuance of an Event of Default
under Section 6.01(a), at the option of the Lender that made any Competitive Bid Advance, such
Borrower shall pay interest on the amount of unpaid principal of and interest on each Competitive Bid Advance
owing to a Lender, payable in arrears on the date or dates interest is payable thereon, at a rate
per annum equal at all times to 2% per

20

 

annum above the rate per annum required to be paid on such
Competitive Bid Advance under the terms of the Competitive Bid Note evidencing such Competitive Bid
Advance unless otherwise agreed in such Competitive Bid Note.

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

          SECTION 2.04. Issuance of and Drawings and Reimbursement Under Letters of
Credit.
(a) Request for Issuance. (i) Each Letter of Credit shall be issued upon notice,
given not later than 11:00 A.M. (New York City time) on the fifth Business Day prior to the date of
the proposed issuance of such Letter of Credit, by any Borrower to any Issuing Bank, and such
Issuing Bank shall give the Agent, prompt notice thereof by telex, telecopier or cable. Each such
notice of issuance of a Letter of Credit (a “Notice of Issuance”) shall be by telex,
telecopier or cable, confirmed immediately in writing, specifying therein the requested (A) date of
such issuance (which shall be a Business Day), (B) Available Amount and currency of such Letter of
Credit, (C) expiration date of such Letter of Credit, (D) name and address of the beneficiary of
such Letter of Credit and (E) form of such Letter of Credit, and shall be accompanied by such
application and agreement for letter of credit as such Issuing Bank may reasonably specify to the
Borrower requesting such Letter of Credit for use in connection with such requested Letter of
Credit (a “Letter of Credit Agreement”). If the requested form of such Letter of Credit is
acceptable to such Issuing Bank in its sole discretion, such Issuing Bank will, upon fulfillment of
the applicable conditions set forth in Article III, make such Letter of Credit available to the
Borrower requesting such Letter of Credit at its office referred to in Section 9.02 or as otherwise
agreed with the Borrower in connection with such issuance. In the event and to the extent that the
provisions of any Letter of Credit Agreement shall conflict with this Agreement, the provisions of
this Agreement shall govern.

          (b) Participations. By the issuance of a Letter of Credit (or an amendment to a
Letter of Credit increasing the amount thereof) and without any further action on the part of the
applicable Issuing Bank or the Lenders, such Issuing Bank hereby grants to each Lender, and each
Lender hereby acquires from such Issuing Bank, a participation in such Letter of Credit equal to
such Lender’s Pro Rata Share of the aggregate amount available to be drawn under such Letter of
Credit. Each Borrower hereby agrees to each such participation. In consideration and in
furtherance of the foregoing, each Lender hereby absolutely and unconditionally agrees to pay to
the Agent, for the account of such Issuing Bank, such Lender’s Pro Rata Share of each drawing made
under a Letter of Credit funded by such Issuing Bank and not reimbursed by the Borrower requesting
such Letter of Credit on the date made, or of any reimbursement payment required to be refunded to
the Borrower requesting such Letter of Credit for any reason. Each Lender acknowledges and agrees
that its obligation to acquire participations pursuant to this paragraph in respect of Letters of
Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever,
including any amendment, renewal or extension of any Letter of Credit or the occurrence and
continuance of a Default or reduction or termination of the Revolving Credit Commitments, and that
each such payment shall be made without any offset, counterclaim, abatement, withholding or
reduction whatsoever.

          (c) Drawing and Reimbursement. Whenever a Letter of Credit is drawn, the Borrower
that has requested such Letter of Credit shall immediately reimburse the Issuing Bank of such
Letter of Credit for the amount drawn. In the event that the amount drawn is not reimbursed within
one (1) Business Day of the drawing of such Letter of Credit, such Borrower shall be deemed to have
requested a Revolving Credit Advance in the amount drawn, in accordance with the provisions set
forth in Section 2.01, which, in the case of a Letter of Credit denominated in Dollars, shall be a
Base Rate Advance in the amount of such draft or, in the case of a Letter of Credit denominated in
a Committed Currency, shall constitute a Base Rate Advance in the amount equal to the Equivalent of
such drawing in Dollars on the date of such drawing. Upon written demand by such Issuing Bank,
with a copy of such demand to the Agent, each Lender shall pay to the Agent such Lender’s Pro Rata
Share of such outstanding Revolving Credit Advance, by making available for the account of its
Applicable Lending Office to the Agent for the account of such Issuing Bank, by deposit to the
Agent’s Account, in same day funds, an amount equal to the portion of the outstanding principal
amount of such Revolving Credit Advance to be funded by such Lender. Promptly after receipt
thereof, the Agent shall transfer such funds to such Issuing Bank. Each Lender agrees to fund
its Pro Rata Share of an outstanding Revolving Credit Advance on (i) the Business Day on which
demand therefor is made by such Issuing Bank, provided that notice of such demand is
given not later than 11:00 A.M. (New York City time) on such Business Day, or (ii) the first Business Day
next succeeding such demand if notice of such demand is

21

 

given after such time. If and to the
extent that any Lender shall not have so made the amount of such Revolving Credit Advance available
to the Agent, such Lender agrees to pay to the Agent forthwith on demand such amount together with
interest thereon, for each day from the date of demand by any such Issuing Bank until the date such
amount is paid to the Agent, at the Federal Funds Rate for its account or the account of such
Issuing Bank, as applicable. If such Lender shall pay to the Agent such amount for the account of
any such Issuing Bank on any Business Day, such amount so paid in respect of principal shall
constitute a Revolving Credit Advance made by such Lender on such Business Day for purposes of this
Agreement, and the outstanding principal amount of the Revolving Credit Advance made by such
Issuing Bank shall be reduced by such amount on such Business Day.

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

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

          SECTION 2.05. Fees. (a) Facility Fee. The
Company agrees to pay to the Agent for the account of each Lender (other than the Designated
Bidders) a facility fee on the aggregate amount of such Lender’s Revolving Credit Commitment in
effect from time to time from the date hereof until the Termination Date at a rate per annum equal
to the Applicable Percentage in effect from time to time, payable in arrears quarterly on the last
day of each March, June, September and December, commencing June 30, 2005 and on the Termination
Date. The Agent agrees to use reasonable efforts to invoice the Facility Fee for each quarter five
Business Days prior to the last day of such quarter.

          (b) Utilization Fee. The Company agrees to pay to the Agent for the account of each
Lender (other than the Designated Bidders) a utilization facility fee on the sum of the aggregate
daily amount of Revolving Credit Advances outstanding from time to time and the Available Amount of
Letters of Credit outstanding from time to time at a rate per annum equal to the Applicable
Utilization Fee in effect from time to time, payable in arrears quarterly on the last day of each
March, June, September and December during such periods and on the Termination Date. The Agent
agrees to use reasonable efforts to invoice the Utilization Fee for each quarter five Business Days
prior to the last day of such quarter.

          (c) Letter of Credit Fees (i) The Company shall pay to the Agent for the account of
each Lender a commission on such Lender’s Pro Rata Share of the average daily aggregate Available
Amount of all Letters of Credit outstanding from time to time at a rate per annum equal to the
Applicable Margin for Eurocurrency Rate Advances in effect from time to time, payable in arrears
quarterly on the last day of each March, June, September and December, commencing June 30, 2005,
and on the Termination Date.

          (ii) The Company shall pay to each Issuing Bank, for its own account, such commissions,
issuance fees, fronting fees, transfer fees and other fees and charges in connection with the
issuance or administration of each Letter of Credit as the Company and such Issuing Bank shall
agree.

          (d) Agent’s Fees. The Company shall pay to the Agent for its own account such fees as
may from time to time be agreed between the Company and the Agent.

          SECTION 2.06.
Optional Termination or Reduction of the Commitments. The Company shall have the right,
upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce
ratably in part the unused portions of the respective Commitments of the Lenders, provided
that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple
of $1,000,000 in excess thereof and

22

 

provided  further that the aggregate amount of
the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate
principal amount of the Competitive Bid Advances denominated in Dollars then outstanding plus the
Equivalent in Dollars (determined as of the date of the notice of prepayment) of the aggregate
principal amount of the Competitive Bid Advances denominated in Foreign Currencies then
outstanding.

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

          (b) The obligations of the Borrowers under this Agreement, any Letter of Credit Agreement and
any other agreement or instrument relating to any Letter of Credit shall be unconditional and
irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter
of Credit Agreement and such other agreement or instrument under all circumstances, including,
without limitation, the following circumstances (it being understood that any such payment by any
Borrower is without prejudice to, and does not constitute a waiver of, any rights such Borrower
might have or might acquire under Section 9.13 or as a result of the payment by any Lender of any
draft or the reimbursement by such Borrower thereof):

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

     (ii) any change in the time, manner or place of payment of, or in any other term of,
all or any of the obligations of such Borrower in respect of any L/C Related Document or any
other amendment or waiver of or any consent to departure from all or any of the L/C Related
Documents;

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

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

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

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

     (vii) any other circumstance or happening whatsoever, whether or not similar to any of
the foregoing, including, without limitation, any other circumstance that might otherwise
constitute a defense available to, or a discharge of, such Borrower or a guarantor.

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

     (i) Base Rate Advances. During such periods as such Revolving Credit Advance
is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate
in effect from time to time plus (y) the Applicable Margin in effect from time to
time, payable in arrears quarterly on the last day

23

 

of each March, June, September and December during such periods and on the date such Base Rate Advance shall be Converted or
paid in full.

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

          (b) Default Interest. Upon the occurrence and during the continuance of an Event of
Default under Section 6.01(a), the Agent may, and upon the request of the Required Lenders shall,
require each Borrower to pay interest (“Default Interest”) on (i) the unpaid principal
amount of each Revolving Credit Advance owing by such Borrower to each Lender, payable in arrears
on the dates referred to in clause (a)(i) or (a)(ii) above, at a rate per annum equal at all times
to 2% per annum above the rate per annum required to be paid on such Revolving Credit Advance
pursuant to clause (a)(i) or (a)(ii) above and (ii) to the fullest extent permitted by law, the
amount of any interest or fee payable hereunder that is not paid when due, from the date such
amount shall be due until such amount shall be paid in full, payable in arrears on the date such
amount shall be paid in full and on demand, at a rate per annum equal at all times to 2% per annum
above the rate per annum required to be paid on Base Rate Advances pursuant to clause (a)(i) above;
provided, however, that following acceleration of the Advances pursuant to Section
6.01, Default Interest shall accrue and be payable hereunder whether or not previously required by
the Agent.

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

          (b) If, with respect to any Eurocurrency Rate Advances, the Required Lenders notify the Agent
that (i) they are unable to obtain matching deposits in the London inter-bank market at or about
11:00 A.M. (London time) on the second Business Day before the making of a Borrowing in sufficient
amounts to fund their respective Revolving Credit Advances as a part of such Borrowing during its
Interest Period or (ii) the Eurocurrency Rate for any Interest Period for such Advances will not
adequately reflect the cost to such Required Lenders of making, funding or maintaining their
respective Eurocurrency Rate Advances for such Interest Period, the Agent shall forthwith so notify
the applicable Borrower and the Lenders, whereupon (A) such Borrower will, on the last day of the
then existing Interest Period therefor, (1) if such Eurocurrency Rate Advances are denominated in
Dollars, either (x) prepay such Advances or (y) Convert such Advances into Base Rate Advances and
(2) if such Eurocurrency Rate Advances are denominated in any Committed Currency, either (x) prepay
such Advances or (y) exchange such Advances into an Equivalent amount of Dollars and Convert such
Advances into Base Rate Advances and (B) the obligation of the Lenders to make, or to Convert
Revolving Credit Advances into, Eurocurrency Rate Advances shall be suspended until the Agent shall
notify the Borrowers and the Lenders that the circumstances causing such suspension no longer
exist; provided that, if the circumstances set forth in clause (ii) above are applicable,
the applicable Borrower may elect, by notice to the Agent and the Lenders, to continue such
Advances in such Committed Currency for Interest Periods of not longer than one month, which
Advances shall thereafter bear interest at a rate per annum equal to the Applicable Margin plus,
for each Lender, the cost to such Lender (expressed as a rate per annum) of funding its Eurocurrency Rate Advances by whatever
means it reasonably determines to be appropriate. Each Lender shall certify its cost of funds for
each Interest Period to the Agent and the Company as soon as practicable (but in any event not
later than ten Business Days after the first day of such Interest Period).

          (c) If any Borrower shall fail to select the duration of any Interest Period for any
Eurocurrency Rate Advances in accordance with the provisions contained in the definition of
“Interest Period” in

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Section 1.01, the Agent will forthwith so notify such Borrower and the Lenders
and such Advances will automatically, on the last day of the then existing Interest Period
therefor, (i) if such Eurocurrency Rate Advances are denominated in Dollars, Convert into Base Rate
Advances and (ii) if such Eurocurrency Rate Advances are denominated in a Committed Currency, be
exchanged for an Equivalent amount of Dollars and Convert into Base Rate Advances.

          (d) On the date on which the aggregate unpaid principal amount of Eurocurrency Rate Advances
comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than the
Revolving Credit Borrowing Minimum, such Advances shall automatically Convert into Base Rate
Advances.

          (e) Upon the occurrence and during the continuance of any Event of Default under Section
6.01(a), (i) each Eurocurrency Rate Advance will automatically, on the last day of the then
existing Interest Period therefor, (A) if such Eurocurrency Rate Advances are denominated in
Dollars, be Converted into Base Rate Advances and (B) if such Eurocurrency Rate Advances are
denominated in any Committed Currency, be exchanged for an Equivalent amount of Dollars and be
Converted into Base Rate Advances and (ii) the obligation of the Lenders to make, or to Convert
Advances into, Eurocurrency Rate Advances shall be suspended; provided that the applicable
Borrower may elect, by notice to the Agent and the Lenders within one Business Day of such Event of
Default, to continue such Advances in such Committed Currency, whereupon the Agent may require that
each Interest Period relating to such Eurocurrency Rate Advances shall bear interest at the
Overnight Eurocurrency Rate for a period of three Business Days and thereafter, each such Interest
Period shall have a duration of not longer than one month. “Overnight Eurocurrency Rate”
means the rate per annum applicable to an overnight period beginning on one Business Day and ending
on the next Business Day equal to the sum of 1%, the Applicable Interest Rate Margin and the
average, rounded upward to the nearest whole multiple of 1/100 of 1%, if such average is not such a
multiple, of the respective rates per annum quoted by each Reference Bank to the Agent on request
as the rate at which it is offering overnight deposits in the relevant currency in amounts
comparable to such Reference Bank’s Eurocurrency Rate Advances.

          (f) (i) If Moneyline Telerate Markets Page 3750 is unavailable, the Agent shall consult any
similar nationally recognized company or service that provides rate quotations comparable to those
currently provided by Moneyline Telerate Markets that is reasonably available to the Agent;

          (ii) if, notwithstanding the foregoing, the Agent is unable to determine the Eurocurrency Rate
or LIBO Rate, then,

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

     (B) with respect to Eurocurrency Rate Advances, each such Advance will automatically,
on the last day of the then existing Interest Period therefor, (1) if such Eurocurrency Rate
Advance is denominated in Dollars, Convert into a Base Rate Advance and (2) if such
Eurocurrency Rate Advance is denominated in any Committed Currency, be prepaid by the
applicable Borrower or be automatically exchanged for an Equivalent amount of Dollars and be
Converted into a Base Rate Advance (or if such Advance is then a Base Rate Advance, will
continue as a Base Rate Advance), and

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

        
  SECTION 2.10.
Optional Conversion of Revolving Credit Advances. The Company may on any Business Day,
upon notice given to the Agent not later than 11:00 A.M. (New York City time) on the third Business
Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and
2.13, Convert all Revolving Credit Advances denominated in Dollars of one Type comprising the same
Borrowing into Revolving Credit Advances denominated in Dollars of the other Type;
provided, however, that any Conversion of

25

 

Eurocurrency Rate Advances into Base Rate
Advances shall be made only on the last day of an Interest Period for such Eurocurrency Rate
Advances, any Conversion of Base Rate Advances into Eurocurrency Rate Advances shall be in an
amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any
Revolving Credit Advances shall result in more separate Revolving Credit Borrowings than permitted
under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified
above, specify (i) the date of such Conversion, (ii) the Dollar denominated Revolving Credit
Advances to be Converted, and (iii) if such Conversion is into Eurocurrency Rate Advances, the
duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be
irrevocable and binding on the Borrower requesting such Conversion.

          SECTION 2.11. Prepayments
of Revolving Credit Advances. (a) Optional. Each Borrower may, upon notice at least
three Business Days prior to the date of such prepayment, in the case of Eurocurrency Rate
Advances, and not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the
case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount
of the prepayment, and if such notice is given such Borrower shall, prepay the outstanding
principal amount of the Revolving Credit Advances comprising part of the same Revolving Credit
Borrowing in whole or ratably in part, together with accrued interest to the date of such
prepayment on the principal amount prepaid; provided, however, that (x) each
partial prepayment shall be in an aggregate principal amount of not less than the Revolving Credit
Borrowing Minimum or a Revolving Credit Borrowing Multiple in excess thereof and (y) in the event
of any such prepayment of a Eurocurrency Rate Advance, the applicable Borrower shall be obligated
to reimburse the Lenders in respect thereof pursuant to Section 9.04(c).

          (b) Mandatory. (i) If, on any date, the Agent notifies the Company that, on any
interest payment date, the sum of (A) the aggregate principal amount of all Advances denominated in
Dollars then outstanding plus (B) the Equivalent in Dollars (determined on the third Business Day
prior to such interest payment date) of the aggregate principal amount of all Advances denominated
in Foreign Currencies then outstanding exceeds 105% of the aggregate Commitments of the Lenders on
such date, the Company and, if applicable, each other Borrower shall, as soon as practicable and in
any event within two Business Days after receipt of such notice, prepay the outstanding principal
amount of any Advances owing by the Borrowers in an aggregate amount sufficient to reduce such sum
to an amount not to exceed 100% of the aggregate Commitments of the Lenders on such date together
with any interest accrued to the date of such prepayment on the aggregate principal amount of
Advances prepaid; The Agent shall give prompt notice of any prepayment required under this Section
2.11(b) to the Company and the Lenders, and shall provide prompt notice to the Company and each
other Borrower of any such notice of required prepayment received by it from any Lender.

          (ii) The Company shall provide the Lenders with written notice (a “Change in Control
Notice”) within five Business Days of the occurrence of any Change of Control and, upon the
written demand (a “Prepayment Demand”) of the Agent, acting at the direction of the
Required Lenders, made any time within thirty days after receipt by the Agent of the Change in
Control Notice, the Company and, if applicable, each other Borrower shall, within forty-five
Business Days after receipt of such Prepayment Demand (unless prior to the expiration of such time
period the event that gave rise to such Change of Control shall no longer exist or shall have been
otherwise cured or rescinded), prepay the outstanding principal amount of all Revolving Credit
Advances and Competitive Bid Advances and all accrued and unpaid interest thereon, together with
all other amounts owing by the Borrowers under this Agreement, and terminate the Commitments
pursuant to Section 2.06 hereof.

          (iii) Each prepayment made pursuant to this Section 2.11(b) shall be made together with any
interest accrued to the date of such prepayment on the principal amounts prepaid and, in the case
of any prepayment of a Eurocurrency Rate Advance, a LIBO Rate Advance or a Local Rate Advance on a date other
than the last day of an Interest Period or at its maturity, any additional amounts which the
applicable Borrower shall be obligated to reimburse to the Lenders in respect thereof pursuant to
Section 9.04(c). The Agent shall give prompt notice of any prepayment required under this Section
2.11(b) to the Borrowers and the Lenders.

     SECTION 2.12. Increased Costs;
Reserve Percentages. (a) If, due to either (i) the introduction of or any change in or in the
interpretation of any law or regulation or (ii) the compliance with any guideline or request from
any central bank or other governmental authority enacted or imposed after the Effective Date (and
not already accounted for pursuant to subsection (c) below) including, without limitation, any
agency of the European Union or

26

 

similar monetary or multinational authority (whether or not having
the force of law), there shall be any increase in the cost to any Lender of agreeing to make or
making, funding or maintaining Eurocurrency Rate Advances or LIBO Rate Advances or of agreeing to
issue or of issuing or maintaining or participating in Letters of Credit (excluding for purposes of
this Section 2.12 any such increased costs resulting from (i) Taxes or Other Taxes (as to which
Section 2.15 shall govern) and (ii) changes in the basis of taxation of overall net income or
overall gross income by the United States or by the foreign jurisdiction or state under the laws of
which such Lender is organized or has its Applicable Lending Office or any political subdivision
thereof), then the Company shall from time to time, upon demand by such Lender (with a copy of such
demand to the Agent), pay to the Agent for the account of such Lender additional amounts sufficient
to compensate such Lender for such increased cost; provided, however, that before
making any such demand, each Lender agrees to use reasonable efforts (consistent with its internal
policy and legal and regulatory restrictions) to designate a different Applicable Lending Office if
the making of such a designation would avoid the need for, or reduce the amount of, such increased
cost and would not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such
Lender. A certificate as to the amount of such increased cost, submitted to the Company and the
Agent by such Lender, shall be conclusive and binding for all purposes, absent manifest error.

          (b) If any Lender determines that compliance with any law or regulation or any guideline or
request from any central bank or other governmental authority (whether or not having the force of
law) affects or would affect the amount of capital required or expected to be maintained by such
Lender or any corporation controlling such Lender and that the amount of such capital is increased
by or based upon the existence of such Lender’s commitment to lend or to issue or participate in
Letters of Credit hereunder and other commitments of such type or the issuance or maintenance of or
participation in the Letters of Credit (or similar contingent obligations), then, upon demand by
such Lender (with a copy of such demand to the Agent), the Company shall pay to the Agent for the
account of such Lender, from time to time as specified by such Lender, additional amounts
sufficient to compensate such Lender or such corporation in the light of such circumstances, to the
extent that such Lender reasonably determines such increase in capital to be allocable to the
existence of such Lender’s commitment to lend hereunder. A certificate as to such amounts
submitted to the Company and the Agent by such Lender shall be conclusive and binding for all
purposes, absent manifest error.

          (c) If, at any time, the Eurocurrency Rate Reserve Percentage applicable to any Lender shall
increase the cost (whether by incurring a cost or adding to a cost) to such Lender of making or
maintaining hereunder any Eurocurrency Rate Advance or LIBO Rate Advance or to reduce the amount of
principal or interest received by such Lender with respect to such Advance, then, upon demand by
such Lender, the applicable Borrower shall pay to such Lender from time to time on the last day of
the Interest Period with respect to such Advance, as additional consideration hereunder, additional
amounts sufficient to fully compensate and indemnify such Lender for such increased cost or reduced
amount, so long as such additional cost or reduced amount is allocable to such Advance. A
certificate as to such amounts submitted to the Company and the Agent by such Lender shall be
conclusive and binding for all purposes, absent manifest error. Each Lender shall notify the
Company as promptly as practicable (with a copy thereof delivered to the Agent) of the existence of
any event that will likely require the payment by any Borrower of any such additional amount under
this Section.

          (d) Failure or delay on the part of any Lender to demand compensation pursuant to this Section
2.12 shall not constitute a waiver of such Lender’s right to demand such compensation;
provided that no Borrower shall be required to compensate a Lender pursuant to this Section
2.12 for any increased costs or reductions incurred more than 180 days prior to the date that such
Lender notifies such Borrower of the change giving rise to such increased costs or reductions and
of such Lender’s intention to claim compensation therefor; provided further that, if the change giving rise to such increased costs or
reductions is retroactive, then the 180-day period referred to above shall be deemed to include the
period of retroactive effect thereof.

          SECTION 2.13.  Illegality. Notwithstanding any other
provision of this Agreement, if any Lender shall notify the Agent that the introduction of or any
change in or in the interpretation of any law or regulation makes it unlawful, or any central bank
or other governmental authority asserts that it is unlawful, for any Lender or its Eurocurrency
Lending Office to perform its obligations hereunder to make Eurocurrency Rate Advances or LIBO Rate
Advances in Dollars or any Committed Currency or LIBO Rate Advances in Dollars or any Foreign
Currency or to fund or maintain Eurocurrency Rate Advances in Dollars or any Committed Currency or
LIBO Rate Advances in Dollars or any Foreign Currency hereunder, (a) each Eurocurrency Rate Advance
or LIBO Rate Advance, as the

27

 

case may be, will automatically, upon such demand, Convert into a Base
Rate Advance or an Advance that bears interest at the rate set forth in Section 2.08(a)(i), as the
case may be, (i) if such Eurocurrency Rate Advance or LIBO Rate Advance is denominated in Dollars,
be Converted into a Base Rate Advance or an Advance that bears interest at the rate set forth in
Section 2.08(a)(i), as the case may be, and (ii) if such Eurocurrency Rate Advance or LIBO Rate
Advance is denominated in any Foreign Currency, be exchanged into an Equivalent amount of Dollars
and be Converted into a Base Rate Advance or an Advance that bears interest at the rate set forth
in Section 2.08(a)(i), as the case may be, and (b) the obligation of the Lenders to make
Eurocurrency Rate Advances or LIBO Rate Advances or to Convert Revolving Credit Advances into
Eurocurrency Rate Advances shall be suspended until the Agent shall notify the Company and the
Lenders that the circumstances causing such suspension no longer exist; provided,
however, that before making any such demand, each Lender agrees to use reasonable efforts
(consistent with its internal policy and legal and regulatory restrictions) to designate a
different Eurocurrency Lending Office if the making of such a designation would allow such Lender
or its Eurocurrency Lending Office to continue to perform its obligations to make Eurocurrency Rate
Advances or to continue to fund or maintain Eurocurrency Rate Advances and would not, in the
judgment of such Lender, be otherwise disadvantageous to such Lender.

          SECTION 2.14. Payments and
Computations. (a) Each Borrower shall make each payment hereunder, irrespective of any right
of counterclaim or set-off hereunder with respect to principal of, interest on, and other amounts
relating to, Advances denominated in Dollars, not later than 11:00 A.M. (New York City time) on the
day when due in Dollars to the Agent at the applicable Agent’s Account in same day funds. Each
Borrower shall make each payment, irrespective of any right of counterclaim or set-off hereunder
with respect to principal of, interest on, and other amounts relating to, Advances denominated in a
Foreign Currency, not later than 11:00 A.M. (at the Payment Office for such Foreign Currency) on
the day when due in such Foreign Currency to the Agent, by deposit of such funds to the applicable
Agent’s Account in same day funds. The Agent will promptly thereafter cause to be distributed like
funds relating to the payment of principal, interest, facility fees or letter of credit commissions
ratably (other than amounts payable pursuant to Section 2.03, 2.12, 2.15 or 9.04(c)) to the Lenders
for the account of their respective Applicable Lending Offices, and like funds relating to the
payment of any other amount payable to any Lender to such Lender for the account of its Applicable
Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon
any Assuming Lender becoming a Lender hereunder as a result of a Commitment Increase pursuant to
Section 2.19 or an extension of the Termination Date pursuant to Section 2.20, and upon the Agent’s
receipt of such Lender’s Assumption Agreement and recording of the information contained therein in
the Register, from and after the applicable Increase Date or Extension Date, as the case may be,
the Agent shall make all payments hereunder and under any Notes issued in connection therewith in
respect of the interest assumed thereby to the Assuming Lender. Upon its acceptance of an
Assignment and Acceptance and recording of the information contained therein in the Register
pursuant to Section 9.06(c), from and after the effective date specified in such Assignment and
Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the
interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and
Acceptance shall make all appropriate adjustments in such payments for periods prior to such
effective date directly between themselves.

          (b) Each Borrower hereby authorizes each Lender, if and to the extent payment owed to such
Lender is not made when due hereunder or under the Note held by such Lender, to charge from time to
time against any or all of such Borrower’s accounts with such Lender any amount so due.

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

28

 

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

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

          (f) To the extent that the Agent receives funds for application to the amounts owing by any
Borrower under or in respect of this Agreement or any Note in currencies other than the currency or
currencies required to enable the Agent to distribute funds to the Lenders in accordance with the
terms of this Section 2.14, the Agent shall be entitled to convert or exchange such funds into
Dollars or into a Foreign Currency or from Dollars to a Foreign Currency or from a Foreign Currency
to Dollars, as the case may be, to the extent necessary to enable the Agent to distribute such
funds in accordance with the terms of this Section 2.14; provided that the Borrowers and
each of the Lenders hereby agree that the Agent shall not be liable or responsible for any loss,
cost or expense suffered by any Borrower or such Lender as a result of any conversion or exchange
of currencies affected pursuant to this Section 2.14(f) or as a result of the failure of the Agent
to effect any such conversion or exchange; and provided further that the Company
agrees to indemnify the Agent and each Lender, and hold the Agent and each Lender harmless, for any
and all reasonable losses, costs and expenses incurred by the Agent or any Lender for any
conversion or exchange of currencies (or the failure to convert or exchange any currencies) in
accordance with this Section 2.14(f).

          SECTION 2.15. Taxes. (a) Any and all payments by any
Borrower to or for the account of any Lender or the Agent hereunder or under the Notes shall be
made, in accordance with Section 2.14 or the applicable provisions of such other documents, free
and clear of and without deduction for any and all present or future taxes, levies, imposts,
deductions, charges or withholdings, and all liabilities with respect thereto, excluding,
in the case of each Lender and the Agent, taxes imposed on its overall net income, and franchise
taxes imposed on it in lieu of net income taxes, by the jurisdiction under the laws of which such
Lender or the Agent (as the case may be) is organized or any political subdivision thereof and, in
the case of each Lender, taxes imposed on its overall net income, and franchise taxes imposed on it
in lieu of net income taxes, by the jurisdiction of such Lender’s Applicable Lending Office or any
political subdivision thereof (all such non-excluded taxes, levies, imposts, deductions, charges,
withholdings and liabilities in respect of payments hereunder or under the Notes being hereinafter
referred to as “Taxes”). If any Borrower shall be required by law to deduct any Taxes from
or in respect of any sum payable hereunder or under any Note or any other documents to be delivered
hereunder to any Lender or the Agent, (i) the sum payable shall be increased as may be necessary so
that after making all required deductions (including deductions applicable to additional sums
payable under this Section 2.15) such Lender or the Agent (as the case may be) receives an amount equal to the sum it would
have received had no such deductions been made, (ii) such Borrower shall make such deductions and
(iii) such Borrower shall pay the full amount deducted to the relevant taxation authority or other
authority in accordance with applicable law.

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

29

 

          (c) Each Borrower shall indemnify each Lender and the Agent for and hold it harmless against
the full amount of Taxes or Other Taxes (including, without limitation, taxes of any kind imposed
or asserted by any jurisdiction on amounts payable under this Section 2.15) imposed on or paid by
such Lender or the Agent (as the case may be) and any liability (including penalties, interest and
expenses) arising therefrom or with respect thereto. This indemnification shall be made within 30
days from the date such Lender or the Agent (as the case may be) makes written demand therefor.

          (d) Within 30 days after the date of any payment of Taxes and upon request, each Borrower
shall furnish to the Agent, at its address referred to in Section 9.02, the original or a certified
copy of a receipt evidencing such payment to the extent such a receipt is issued therefor, or other
written proof of payment thereof that is reasonably satisfactory to the Agent. For purposes of
this subsection (d) and subsection (e), the terms “United States” and “United States
person” shall have the meanings specified in Section 7701 of the Internal Revenue Code.

          (e) Each Lender organized under the laws of a jurisdiction outside the United States, on or
prior to the date of its execution and delivery of this Agreement in the case of each Initial
Lender and on the date of the Assumption Agreement or the Assignment and Acceptance pursuant to
which it becomes a Lender in the case of each other Lender, and from time to time thereafter as
reasonably requested in writing by any Borrower (but only so long as such Lender remains lawfully
able to do so), shall provide each of the Agent and such Borrower with two original Internal
Revenue Service forms W-8BEN or W-8ECI, as appropriate, or any successor or other form prescribed
by the Internal Revenue Service, certifying that such Lender is exempt from or entitled to a
reduced rate of United States withholding tax on payments pursuant to this Agreement or the Notes.
If the form provided by a Lender at the time such Lender first becomes a party to this Agreement
indicates a United States interest withholding tax rate in excess of zero, withholding tax at such
rate shall be considered excluded from Taxes unless and until such Lender provides the appropriate
forms certifying that a lesser rate applies, whereupon withholding tax at such lesser rate only
shall be considered excluded from Taxes for periods governed by such form; provided,
however, that, if at the date of the Assignment and Acceptance pursuant to which a Lender
assignee becomes a party to this Agreement, the Lender assignor was entitled to payments under
subsection (a) in respect of United States withholding tax with respect to interest paid at such
date, then, to such extent, the term Taxes shall include (in addition to withholding taxes that may
be imposed in the future or other amounts otherwise includable in Taxes) United States withholding
tax, if any, applicable with respect to the Lender assignee on such date. If any form or document
referred to in this subsection (e) requires the disclosure of information, other than information
necessary to compute the tax payable and information required on the date hereof by Internal
Revenue Service form W-8BEN or W-8ECI, that the Lender reasonably considers to be confidential, the
Lender shall give notice thereof to the Company and shall not be obligated to include in such form
or document such confidential information.

          (f) For any period with respect to which a Lender has failed to provide any Borrower with the
appropriate form, certificate or other document described in Section 2.15(e) (other
than if such failure is due to a change in law, or in the interpretation or application
thereof, occurring subsequent to the date on which a form, certificate or other document originally
was required to be provided, or if such form otherwise is not required under subsection (e) above),
such Lender shall not be entitled to indemnification under Section 2.15(a) or (c) with respect to
Taxes imposed by the United States by reason of such failure; provided, however,
that should a Lender become subject to Taxes because of its failure to deliver a form, certificate
or other document required hereunder, each Borrower shall take such steps as the Lender shall
reasonably request to assist the Lender to recover such Taxes.

          (g) Any Lender claiming any additional amounts payable pursuant to this Section 2.15 agrees to
use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions)
to change the jurisdiction of its Eurocurrency Lending Office if the making of such a change would avoid the
need for, or reduce the amount of, any such additional amounts that may thereafter accrue and would
not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such Lender.

          (h) If any Lender determines, in its sole judgment, that it has actually and finally realized,
by reason of a refund, deduction or credit of any Taxes paid or reimbursed by any Borrower pursuant
to subjection (a) or (c) above in respect of payments under the Credit Agreement or the Notes, a
current monetary benefit that it would otherwise not have obtained, and that would result in the
total payments under this Section 2.15 exceeding the amount needed to make such Lender whole, such
Lender shall pay to the applicable Borrower, with reasonable promptness following the date on which
it actually realizes such benefit, an amount equal to the lesser of the amount

30

 

of such benefit or
the amount of such excess, in each case net of all out-of-pocket expenses in securing such refund,
deduction or credit.

          SECTION 2.16.  Sharing of Payments,
Etc. If any Lender shall obtain any payment (whether voluntary, involuntary, through the
exercise of any right of set-off, or otherwise) on account of the Revolving Credit Advances owing
to it (other than pursuant to Section 2.12, 2.15 or 9.04(c)) in excess of its ratable share of
payments on account of the Revolving Credit Advances obtained by all the Lenders, such Lender shall
forthwith purchase from the other Lenders such participations in the Revolving Credit Advances
owing to them as shall be necessary to cause such purchasing Lender to share the excess payment
ratably with each of them; provided, however, that if all or any portion of such
excess payment is thereafter recovered from such purchasing Lender, such purchase from each Lender
shall be rescinded and such Lender shall repay to the purchasing Lender the purchase price to the
extent of such recovery together with an amount equal to such Lender’s ratable share (according to
the proportion of (i) the amount of such Lender’s required repayment to (ii) the total amount so
recovered from the purchasing Lender) of any interest or other amount paid or payable by the
purchasing Lender in respect of the total amount so recovered. Each Borrower agrees that any
Lender so purchasing a participation from another Lender pursuant to this Section 2.16 may, to the
fullest extent permitted by law, exercise all its rights of payment (including the right of
set-off) with respect to such participation as fully as if such Lender were the direct creditor of
such Borrower in the amount of such participation.

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

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

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

          SECTION 2.18. Use of Proceeds. The proceeds of
the Advances and issuances of Letters of Credit shall be available (and each Borrower agrees that
it shall use such proceeds) solely for general corporate purposes of the Company and its
Subsidiaries.

          SECTION 2.19. Increase in the
Aggregate Commitments. (a) The Company may, at any time but in any event not more than four
times, by notice to the Agent, request that the aggregate amount of the Commitment be increased by
an amount of $25,000,000 or an integral thereof (each a “Commitment Increase”) to be
effective as of a date that is at least 90 days prior to the scheduled Termination Date then in
effect (the “Increase Date”) as specified in the related notice to the Agent;
provided, however that (i) in no event shall the aggregate amount of the
Commitments at any time exceed $650,000,000 and (ii) on the date of any request by the Company for
a

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Commitment Increase and on the related Increase Date the applicable conditions set forth in
Section 3.03 shall be satisfied.

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

          (c) Promptly following each Commitment Date, the Agent shall notify the Company as to the
amount, if any, by which the Lenders are willing to participate in the requested Commitment
Increase. If the aggregate amount by which the Lenders are willing to participate in any requested
Commitment Increase on any such Commitment Date is less than the requested Commitment Increase,
then the Company may extend offers to one or more Eligible Assignees to participate in any portion
of the requested Commitment Increase that has not been committed to by the Lenders as of the
applicable Commitment Date; provided, however, that the Commitment of each such
Eligible Assignee shall be in an amount of $15,000,000 or more.

          (d) On each Increase Date, each Eligible Assignee that accepts an offer to participate in a
requested Commitment Increase in accordance with Section 2.19(b) (each such Eligible Assignee and
each Eligible Assignee that agrees to an extension of the Termination Date in accordance with
Section 2.20(c), an “Assuming Lender”) shall become a Lender party to this Agreement as of
such Increase Date and the Commitment of each Increasing Lender for such requested Commitment
Increase shall be so increased by such amount (or by the amount allocated to such Lender pursuant
to the last sentence of Section 2.19(b)) as of such Increase Date; provided,
however, that the Agent shall have received on or before such Increase Date the following,
each dated such date:

     (i) (A) certified copies of resolutions of the Board of Directors of the Company or the
Executive Committee of such Board approving the Commitment Increase and the corresponding
modifications to this Agreement and (B) an opinion of counsel for the Company (which may be
in-house counsel), in substantially the form of Exhibit F-1 hereto;

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

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

          On each Increase Date, upon fulfillment of the conditions set forth in the immediately
preceding sentence of this Section 2.19(d), the Agent shall notify the Lenders (including, without
limitation, each Assuming Lender) and the Borrower, on or before 1:00 P.M. (New York City time), by
telecopier, of the occurrence of the Commitment Increase to be effected on such Increase Date and shall record in the Register the
relevant information with respect to each Increasing Lender and each Assuming Lender on such date.
Each Increasing Lender and each Assuming Lender shall, before 2:00 P.M. (New York City time) on the
Increase Date, make available for the account of its Applicable Lending Office to the Agent at the
Agent’s Account, in same day funds, in the case of such Assuming Lender, an amount equal to such
Assuming Lender’s ratable portion of the Revolving Credit Borrowings then outstanding (calculated
based on its Commitment as a percentage of the aggregate Commitments outstanding after giving
effect to the relevant Commitment Increase) and, in the case of such Increasing Lender, an amount
equal to the excess of (i) such Increasing Lender’s ratable portion of the Revolving Credit
Borrowings then outstanding (calculated based on its Commitment as a percentage of the aggregate
Commitments outstanding after giving effect to the relevant Commitment Increase) over (ii) such
Increasing Lender’s ratable portion of the Revolving Credit

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Borrowings then outstanding (calculated
based on its Commitment (without giving effect to the relevant Commitment Increase) as a percentage
of the aggregate Commitments (without giving effect to the relevant Commitment Increase). After
the Agent’s receipt of such funds from each such Increasing Lender and each such Assuming Lender,
the Agent will promptly thereafter cause to be distributed like funds to the other Lenders for the
account of their respective Applicable Lending Offices in an amount to each other Lender such that
the aggregate amount of the outstanding Revolving Credit Advances owing to each Lender after giving
effect to such distribution equals such Lender’s ratable portion of the Revolving Credit Borrowings
then outstanding (calculated based on its Commitment as a percentage of the aggregate Commitments
outstanding after giving effect to the relevant Commitment Increase).

          SECTION 2.20. Extension of
Termination Date. (a) At least 45 days but not more than 60 days prior to the first and/or
second anniversary of the Effective Date, the Borrower, by written notice to the Agent, may request
an extension of the Termination Date in effect at such time by one year from its then scheduled
expiration. The Agent shall promptly notify each Lender of such request, and each Lender shall in
turn, in its sole discretion, not later than 30 days prior to the applicable anniversary date,
notify the Company and the Agent in writing as to whether such Lender will consent to such
extension. If any Lender shall fail to notify the Agent and the Company in writing of its consent
to any such request for extension of the Termination Date at least 30 days prior to the Termination
Date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The
Agent shall notify the Company not later than 25 days prior to the applicable anniversary date of
the decision of the Lenders regarding the Borrower’s request for an extension of the Termination
Date.

          (b) If all the Lenders consent in writing to any such request in accordance with subsection
(a) of this Section 2.20, the Termination Date in effect at such time shall, effective as at the
applicable anniversary date (the “Extension Date”), be extended for one year;
provided that on each Extension Date the applicable conditions set forth in Section 3.03
shall be satisfied. If less than all of the Lenders consent in writing to any such request in
accordance with subsection (a) of this Section 2.20, the Termination Date in effect at such time
shall, effective as at the applicable Extension Date and subject to subsection (d) of this Section
2.20, be extended as to those Lenders that so consented (each a “Consenting Lender”) but
shall not be extended as to any other Lender (each a “Non-Consenting Lender”). To the
extent that the Termination Date is not extended as to any Lender pursuant to this Section 2.20 and
the Commitment of such Lender is not assumed in accordance with subsection (c) of this Section 2.20
on or prior to the applicable Extension Date, the Commitment of such Non-Consenting Lender shall
automatically terminate in whole on such unextended Termination Date without any further notice or
other action by the Borrower, such Lender or any other Person; provided that such
Non-Consenting Lender’s rights under Sections 2.12, 2.13 and 9.04, and its obligations under
Section 8.05, shall survive the Termination Date for such Lender as to matters occurring prior to
such date. It is understood and agreed that no Lender shall have any obligation whatsoever to
agree to any request made by the Company for any requested extension of the Termination Date.

          (c) If less than all of the Lenders consent to any such request pursuant to subsection (a) of
this Section 2.20, the Agent shall promptly so notify the Consenting Lenders, and each Consenting
Lender may, in its sole discretion, give written notice to the Agent not later than 10 days prior
to the Termination Date of the amount of the Non-Consenting Lenders’ Commitments for which it is
willing to accept an assignment. If the Consenting Lenders notify the Agent that they are willing
to accept assignments of Commitments in an aggregate amount that exceeds the amount of the
Commitments of the Non-Consenting Lenders, such Commitments shall be allocated among the Consenting
Lenders willing to accept such assignments in such amounts as are agreed between the Company and
the Agent. If after giving effect to the assignments of Commitments described above there
remains any Commitments of Non-Consenting Lenders, the Company may arrange for one or more
Consenting Lenders or other Eligible Assignees as Assuming Lenders to assume, effective as of the
Extension Date, any Non-Consenting Lender’s Commitment and all of the obligations of such
Non-Consenting Lender under this Agreement thereafter arising, without recourse to or warranty by,
or expense to, such Non-Consenting Lender; provided, however, that the amount of
the Commitment of any such Assuming Lender as a result of such substitution shall in no event be
less than $15,000,000 unless the amount of the Commitment of such Non-Consenting Lender is less
than $15,000,000, in which case such Assuming Lender shall assume all of such lesser amount; and
provided further that:

     (i) any such Consenting Lender or Assuming Lender shall have paid to such
Non-Consenting Lender (A) the aggregate principal amount of, and any interest accrued and
unpaid to the

33

 

effective date of the assignment on, the outstanding Advances, if any, of such
Non-Consenting Lender plus (B) any accrued but unpaid facility fees owing to such
Non-Consenting Lender as of the effective date of such assignment;

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

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

provided further that such Non-Consenting Lender’s rights under Sections 2.12, 2.13
and 9.04, and its obligations under Section 8.05, shall survive such substitution as to matters
occurring prior to the date of substitution. At least three Business Days prior to any Extension
Date, (A) each such Assuming Lender, if any, shall have delivered to the Company and the Agent an
Assumption Agreement, duly executed by such Assuming Lender, such Non-Consenting Lender, the
Company and the Agent, (B) any such Consenting Lender shall have delivered confirmation in writing
satisfactory to the Company and the Agent as to the increase in the amount of its Commitment and
(C) each Non-Consenting Lender being replaced pursuant to this Section 2.20 shall have delivered to
the Agent any Note or Notes held by such Non-Consenting Lender. Upon the payment or prepayment of
all amounts referred to in clauses (i), (ii) and (iii) of the immediately preceding sentence, each
such Consenting Lender or Assuming Lender, as of the Extension Date, will be substituted for such
Non-Consenting Lender under this Agreement and shall be a Lender for all purposes of this
Agreement, without any further acknowledgment by or the consent of the other Lenders, and the
obligations of each such Non-Consenting Lender hereunder shall, by the provisions hereof, be
released and discharged.

          (d) If (after giving effect to any assignments or assumptions pursuant to subsection (c) of
this Section 2.20) Lenders having Commitments equal to at least 50% of the Commitments in effect
immediately prior to the Extension Date consent in writing to a requested extension (whether by
execution or delivery of an Assumption Agreement or otherwise) not later than one Business Day
prior to such Extension Date, the Agent shall so notify the Borrower, and, subject to the
satisfaction of the applicable conditions in Section 3.03, the Termination Date then in effect
shall be extended for the additional one-year period as described in subsection (a) of this Section
2.20, and all references in this Agreement, and in the Notes, if any, to the “Termination
Date” shall, with respect to each Consenting Lender and each Assuming Lender for such Extension
Date, refer to the Termination Date as so extended. Promptly following each Extension Date, the
Agent shall notify the Lenders (including, without limitation, each Assuming Lender) of the
extension of the scheduled Termination Date in effect immediately prior thereto and shall thereupon
record in the Register the relevant information with respect to each such Consenting Lender and
each such Assuming Lender.

ARTICLE III

CONDITIONS TO EFFECTIVENESS AND LENDING

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

     (a) Except for matters disclosed in the Company’s SEC Reports or except as otherwise
disclosed to the Agent and the Lenders in writing prior to the Effective Date, there shall
have occurred no Material Adverse Change since December 31, 2004.

     (b) There shall exist no action, suit, investigation, litigation or proceeding
affecting the Company or any of its Subsidiaries pending or, to the knowledge of the
Secretary or Treasurer of the Company, threatened before any court, governmental agency or
arbitrator that (i) could be reasonably likely to have a Material Adverse Effect, except for
matters disclosed in the Company’s SEC Reports or

34

 

except as otherwise disclosed to the Agent
and the Lenders in writing prior to the Effective Date or (ii) purports to affect the
legality, validity or enforceability of this Agreement or any Note or the consummation of
the transactions contemplated hereby.

     (c) All governmental and third party consents and approvals necessary in connection
with the transactions contemplated hereby shall have been obtained (without the imposition
of any conditions that are not reasonably acceptable to the Lenders) and shall remain in
effect, and no law or regulation shall be applicable in the reasonable judgment of the
Lenders that restrains, prevents or imposes materially adverse conditions upon the
transactions contemplated hereby.

     (d) The Company shall have notified each Lender and the Agent in writing as to the
proposed Effective Date.

     (e) The Company shall have paid all accrued fees and expenses of the Agent and the
Lenders.

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

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

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

     (g) The Agent shall have received on or before the Effective Date the following, each
dated such day, in form and substance satisfactory to the Agent and (except for the
Revolving Credit Notes) in sufficient copies for each Lender:

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

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

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

     (iv) A favorable opinion of the General Counsel for the Company and of Jones
Day, special counsel for the Company, substantially in the form of Exhibits F-1 and
F-2 hereto, respectively, and as to such other matters as any Lender through the
Agent may reasonably request.

     (v) A favorable opinion of Shearman & Sterling LLP, counsel for the Agent, in
form and substance satisfactory to the Agent.

     (h) The Company shall have terminated the commitments of the lenders and, except with
respect to the Existing Letters of Credit, repaid or prepaid in full all amounts outstanding
under the Three Year Credit Agreement, dated as of August 20, 2003 (as amended, the
“Three Year Credit Agreement”), among the Company, certain other borrowers parties
thereto, the lenders parties thereto and Citibank, N.A., as administrative agent. By
execution of this Agreement, each of the Lenders that is a lender under the

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Three Year Credit Agreement hereby waives the requirements set forth in Sections 2.06 and 2.11 of the
Three Year Credit Agreement of prior notice to the termination of its commitments and
prepayment of advances thereunder.

          SECTION 3.02. Conditions Precedent to Initial Borrowing of Each Designated
Subsidiary. The obligation of each Lender to make an initial Advance to each Designated
Subsidiary following its designation as a Borrower hereunder pursuant to Section 9.12 on the
occasion of the initial Borrowing thereby is subject to the Agent’s receipt on or before the date
of such initial Borrowing of each of the following, in form and substance satisfactory to the Agent
and dated such date:

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

     (b) The Revolving Credit Note of such Designated Subsidiary to the Lenders to the
extent requested by any Lender pursuant to Section 2.17.

     (c) A certificate of the Secretary or an Assistant Secretary (or person performing
similar functions) of such Designated Subsidiary certifying (i) appropriate resolutions of
the board of directors (or persons performing similar functions) of such Designated
Subsidiary approving this Agreement and its Notes, and all documents evidencing other
necessary corporate (or equivalent) action and governmental approvals, if any, with respect
to this Agreement and its Notes (copies of which shall be attached thereto) and (ii) the
names and true signatures of the officers of such Designated Subsidiary authorized to sign
the Designation Letter of such Designated Subsidiary and its Notes and the other documents
to be delivered by such Designated Subsidiary hereunder.

     (d) A copy of a certificate of the Secretary of State (or other appropriate
Governmental Authority) of the jurisdiction of organization of such Designated Subsidiary,
dated reasonably near the date of such Borrowing, certifying that such Designated Subsidiary
is duly organized and in good standing (or the equivalent thereof) under the laws of the
jurisdiction of its organization.

     (e) A certificate signed by a duly authorized officer of such Designated Subsidiary,
dated as of the date of such Borrowing, certifying that such Designated Subsidiary has
obtained all authorizations, consents, approvals (including, without limitation, exchange
control approvals) and licenses of any Governmental Authority or other third party necessary
for such Designated Subsidiary to execute and deliver its Designation Letter and its Notes
and to perform its obligations under this Agreement or any of its Notes.

     (f) Such other documents, opinions and other information as any Lender, through
the Agent, may reasonably request.

          SECTION 3.03. Conditions Precedent to Each Revolving Credit Borrowing, Letter of Credit
Issuance, Commitment Increase and Extension Date. The obligation of each Lender to make a
Revolving Credit Advance on the occasion of each Revolving Credit Borrowing (other than a Revolving
Credit Advance deemed made pursuant to Section 2.04(c)), the obligation of each Issuing Bank to
issue a Letter of Credit, each Commitment Increase pursuant to Section 2.19 and each extension of
Commitments pursuant to Section 2.20 shall be subject to the conditions precedent that the
Effective Date shall have occurred and on the date of such Revolving Credit Borrowing, the issuance
of such Letter of Credit, the applicable Increase Date or the applicable Extension Date the
following statements shall be true (and each of the giving of the applicable Notice of Revolving
Credit Borrowing, Notice of Issuance, request for Commitment Increase, request for Commitment
extension and the acceptance by the Borrower requesting such Revolving Credit Borrowing of the
proceeds of such Revolving Credit Borrowing or Letter of Credit shall constitute a representation
and warranty by such Borrower that on the date of such Borrowing or the issuance of such Letter of
Credit, such Increase Date or such Extension Date such statements are true):

36

 

     (a) the representations and warranties contained in Section 4.01 (except, in each case
other than an extension of the Commitments, the representations set forth in subsection
(c)(ii) thereof and in subsection (d)(i) thereof) (and, if such Revolving Credit Borrowing
shall have been requested by a Designated Subsidiary, the representations and warranties of
such Designated Subsidiary contained in its Designation Letter, other than the
representation set forth in subsection (i) of paragraph 5 thereof) are correct on and as of
such date (except to the extent that any expressly relate to any earlier date), before and
after giving effect to such Revolving Credit Borrowing or the issuance of such Letter of
Credit and to the application of the proceeds therefrom, such Commitment Increase or such
Extension Date, as though made on and as of such date, and

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

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

     (a) the representations and warranties contained in Section 4.01 (except the
representations set forth in subsection (c)(ii) thereof and in subsection (d)(i) thereof)
(and, if such Competitive Bid Borrowing shall have been requested by a Designated
Subsidiary, the representations and warranties of such Designated Subsidiary contained in
its Designation Letter, other than the representation set forth in subsection (i) of
paragraph 5 thereof) are correct on and as of the date of such Competitive Bid Borrowing
(except to the extent that any expressly relate to any earlier date), before and after
giving effect to such Competitive Bid Borrowing and to the application of the proceeds
therefrom, as though made on and as of such date, and

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

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

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

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

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     (a) Subsidiaries. The Annual Report of the Company on Form 10-K of the Company
for the year most recently ended (in each case, the “Form 10-K”) correctly lists, as
at the end of such year, in all material respects all Significant Subsidiaries. The Company
and each Significant Subsidiary has good and marketable title to all of the shares it
purports to own of the stock of each Significant Subsidiary. All such shares have been duly
issued and are fully paid and non-assessable.

     (b) Corporate Organization and Authority. The Company and each Significant
Subsidiary:

     (i) is a corporation (or other entity) duly organized (or formed), validly
existing and in good standing under the laws of its jurisdiction of incorporation
(or organization);

     (ii) has all requisite power and authority and all material licenses and
permits necessary to own and operate its properties and to carry on its business as
now conducted in each jurisdiction in which it currently conducts any material part
of its business; and

     (iii) is duly licensed or qualified and is in good standing as a foreign
corporation in each jurisdiction in which it currently conducts any material part of
its business, wherein the nature of the business transacted by it or the nature of
the property owned or leased by it makes such licensing or qualification necessary,
other than failures to have good standing or obtain licenses or qualifications,
which would not, individually or in the aggregate, create a Material Adverse Effect.

     (c) Financial Statements. (i) The consolidated balance sheet of the Company
and its Consolidated Subsidiaries as of December 31, 2004, and the consolidated statements
of income and cash flows for the fiscal year ended on said date, accompanied by a report
thereon containing an opinion unqualified as to scope limitations imposed by the Company and
otherwise without qualification except as therein noted, by Ernst & Young LLP, and the
unaudited condensed consolidated balance sheet of the Company and its Consolidated
Subsidiaries as of March 31, 2005, and the unaudited condensed consolidated statements of
income and cash flows for the fiscal quarter ended on said date, duly certified by the chief
financial officer of the Company, have been prepared in accordance with GAAP consistently
applied except as therein noted, and present fairly, subject in the case of said balance
sheet as at March 31, 2005, and said statements of income and cash flows for the fiscal
quarter then ended, to year-end audit adjustments and the absence of footnotes, the
financial position of the Company and its Consolidated Subsidiaries as of said dates and the
results of operations and cash flows of the Company and its Consolidated Subsidiaries for
the periods ended on such dates.

     (ii) Except as disclosed in the Company’s most recent Form 10-Q or Form 10-K as
filed with the Securities and Exchange Commission or except as otherwise disclosed
to the Agent and the Lenders prior to the Effective Date, since December 31, 2004, there has
been no Material Adverse Effect.

     (d) Pending Litigation. There are no proceedings pending or, to the knowledge
of the Secretary and the Treasurer of the Company, threatened against or affecting the
Company or any Subsidiary in any court or before any governmental authority or arbitration
board or tribunal which (i) could reasonably be expected to have a Material Adverse Effect,
except as disclosed in the Company’s most recent Form 10-Q or Form 10-K as filed with the
Securities and Exchange Commission or except as otherwise disclosed in writing to the Agent
and the Lenders prior to the Effective Date or (ii) purports to affect the legality,
validity or enforceability of this Agreement or any Note or the consummation of the
transactions contemplated hereby.

     (e) Loan is Legal and Authorized. The borrowing by the Company under this
Agreement and compliance by the Company with all of the provisions of this Agreement:

     (i) are within the corporate powers of the Company;

38

 

     (ii) will not violate any provisions of any material law, court order or
governmental authority or agency directive and will not conflict with or result in
any breach of any of the material terms, conditions or provisions of, or constitute
a default under the Certificate of Incorporation or By-laws of the Company or any
material indenture or other material agreement or instrument to which the Company is
a party or by which it may be bound or result in the imposition of any material
Liens or encumbrances on any property of the Company; and

     (iii) have been duly authorized by proper corporate action on the part of the
Company (no action by the shareholders of the Company being required by law, by the
Certificate of Incorporation or By-laws of the Company or otherwise), executed and
delivered by the Company and this Agreement constitutes the legal, valid and binding
obligation, contract and agreement of the Company enforceable in accordance with its
respective terms.

     (f) Governmental Consent. No material approval, consent or withholding of
objection on the part of any regulatory body, state, Federal or local, is necessary in
connection with the execution and delivery by the Company of this Agreement or compliance by
the Company with any of the provisions of this Agreement.

     (g) Taxes. All material tax returns required to be filed by the Company or any
Significant Subsidiary in any jurisdiction in which it currently conducts any material part
of its business have, in fact, been filed, and all material taxes, assessments, fees and
other governmental charges upon the Company or any Significant Subsidiary or upon any of
their respective properties, income or franchises, which are shown to be due and payable in
such returns have been paid or provisions for the payment thereof has been made except for
any taxes which are being contested in good faith and with respect to which adequate
reserves have been established. The provisions for taxes on the consolidated financial
statements of the Company are adequate in all material respects for all open years, and for
its current fiscal period.

     (h) Use of Proceeds; Margin Stock. None of the transactions contemplated in
this Agreement (including, without limitation thereof, the use of proceeds of the loans
thereunder) will violate or result in a violation of Section 7 of the Securities Exchange
Act of 1934, as amended, or any regulation issued pursuant thereto, including, without
limitation, Regulations T, U and X of the Board of Governors of the Federal Reserve System,
12 C.F.R., Chapter II. “Margin Stock,” as defined in said Regulations U and X does
not make up twenty five percent or more of the assets of the Company and its subsidiaries on
a consolidated basis.

     (i) ERISA. The consummation of the transactions provided for in this Agreement
and compliance by the Company with the provisions thereof will not involve any prohibited
transaction within the meaning of ERISA or Section 4975 of the Internal Revenue Code of
1986, as amended. Each Plan complies in all material respects with all applicable statutes and governmental rules
and regulations, and (a) no material PBGC Reportable Event (as defined in ERISA) as to which
the requirement of notice within 30 days has not been waived has occurred and is continuing
with respect to any Plan, and (b) neither the Company nor any ERISA Affiliate has withdrawn
from any Plan or Multiemployer Plan or instituted steps to do so where a material withdrawal
liability has occurred or will occur. No condition exists or event or transaction has
occurred in connection with any Plan which could result in the incurrence by the Company or
any ERISA Affiliate of any material liability, fine or penalty. No Plan maintained by the
Company or any ERISA Affiliate, nor any trust created thereunder, has incurred any material
“accumulated funding deficiency” as defined in Section 302 of ERISA. Neither the Company
nor any ERISA Affiliate has any material contingent liability with respect to any
post-retirement “welfare benefit plan” (as such term is defined in ERISA) except as has been
reflected in the Company’s Form 10-K.

     (j) Compliance with Environmental Laws. The Company is not in violation of any
applicable Federal, state, or local laws, statutes, rules, regulations or ordinances
relating to public health, safety or the environment, including, without limitation,
relating to releases, discharges, emissions or disposals to air, water, land or ground
water, to the withdrawal or use of ground water, to the use, handling or disposal of
polychlorinated biphenyls (PCB’s), asbestos or urea formaldehyde, to the treatment, storage,

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disposal or management of hazardous substances (including, without limitation, petroleum,
crude oil or any fraction thereof, or other hydrocarbons), pollutants or contaminants, to
exposure to toxic, hazardous or other controlled, prohibited or regulated substances which
violation would be reasonably likely to have a Material Adverse Effect. Except as set forth
in the Form 10-K, the Company does not know of any liability or class of liability of the
Company or any Subsidiary under the Comprehensive Environmental Response, Compensation and
Liability Act of 1980, as amended (42 U.S.C. Section 9601 et seq.), or the Resource
Conservation and Recovery Act of 1976, as amended (42 U.S.C. Section 6901 et seq.) which
could reasonably be expected to have a Material Adverse Effect.

     (k) Ownership of Properties. The Company and its Restricted Subsidiaries have
good title, free and clear of all material Liens other than those permitted by Section
5.01(g), to all material owned portions of their respective Principal Properties.

     (l) Investment Company Act. Neither the Company nor any Significant Subsidiary
is an “investment company” or a company “controlled” by an investment company,” within the
meaning of the Investment Company Act of 1940, as amended.

     (m) Public Utility Holding Company Act. Neither the Company nor any
Significant Subsidiary is a “holding company” or a “subsidiary company” of a “holding
company” or an “affiliate” of a “holding company” or of a “subsidiary company” of a “holding
company,” within the meaning of the Public Utility Holding Company Act of 1935, as amended.

ARTICLE V

COVENANTS OF THE COMPANY

          SECTION 5.01. Covenants. So long as any Advance
shall remain unpaid, any Lender shall have any Commitment hereunder or any Letter of Credit shall
be outstanding:

     (a) Corporate Existence, Etc. The Company will preserve and keep in full force
and effect (i) its corporate existence and (ii) all licenses and permits necessary, in all
material respects, to the proper conduct of its business, provided that the foregoing shall
not (x) prevent any transaction permitted by Sections 5.01(h) or (y) require any
preservation or actions in respect of licenses and permits where the aggregate effect of all
failures with respect thereto would not be reasonably likely to cause a Material Adverse
Effect.

     (b) Insurance. The Company will maintain, and will cause each Consolidated
Subsidiary to maintain, insurance coverage by reputable insurers and in such forms and
amounts and against such risks as are customary for corporations engaged in the same or
similar business and owning and operating similar properties, provided, that the
Company and its Subsidiaries may maintain a system or systems of self-insurance in
accordance with sound business, accounting and actuarial practice as is customary for
corporations engaged in the same or a similar business and having a net worth similar to
Consolidated Net Worth of the Company as of the date of any determination; and further
provided that the foregoing shall apply only if the effect of all failures of the Company or
such Subsidiary to take such action would be to cause a Material Adverse Effect.

     (c) Taxes, Claims for Labor and Materials, Compliance with Laws. The Company
will, and will cause each Subsidiary promptly to (i) pay and discharge all lawful taxes,
assessments and governmental charges or levies imposed upon the Company or such Subsidiary,
respectively, or upon or in respect of all or any part of the property or business of the
Company or such Subsidiary, and (ii) pay and discharge, or make arrangement to pay and
discharge, in the ordinary course of its business, all trade accounts payable and all claims
for work, labor or materials, any of which, if unpaid, might become a Lien (other than a
Lien permitted pursuant to this Agreement) upon any Principal Property of the Company or
such Subsidiary; provided, however, that the foregoing shall apply only if
the effect of the failure of the Company or any Subsidiary to take such action would be to
cause a Material Adverse Effect; provided

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further that the Company or such
Subsidiary shall not be required to pay any such tax, assessment, charge, levy, account
payable or claim if (x) the validity thereof is being contested in good faith by appropriate
actions or proceedings which will prevent the forfeiture or sale of any material property of
the Company or such Subsidiary or any material interference with the use thereof by the
Company or such Subsidiary, and (y) the Company or such Subsidiary shall set aside on its
books, reserves, if any, deemed by it to be adequate with respect thereto. The Company will
comply and will cause each Subsidiary to comply in all material respects with all laws,
ordinances or governmental rules and regulations to which it is subject and all licensing
and other governmental authorizations necessary to the ownership of its properties or to the
conduct of its business including, without limitation, the Occupational Safety and Health
Act of 1970, as amended, ERISA, the Patriot Act and all laws, ordinances, governmental rules
and regulations relating to environmental protection in all applicable jurisdictions, except
where the necessity of compliance therewith is being contested in good faith by appropriate
actions or proceedings or the violation of which, in the aggregate, is not reasonably likely
to have a Material Adverse Effect.

     (d) Maintenance, Etc. The Company will maintain, preserve and keep, and will
cause each Subsidiary to maintain, preserve and keep, its material properties necessary for
the conduct of its business (whether owned in fee or a leasehold interest) in good repair
and working order and from time to time will make all necessary repairs, replacements,
renewals and additions so that at all times the efficiency thereof shall be maintained;
provided, however, that the foregoing shall apply only if the effect of all failures of the
Company or such Subsidiary to take such actions would be to cause a Material Adverse Effect.

     (e) Consolidated Net Worth. The Company will at all times keep and maintain
Consolidated Net Worth at an amount not less than the sum of (i) $810,000,000 plus
(ii) 50% of any positive Consolidated Net Income, which Consolidated Net Income shall be
computed on a cumulative basis as of the last day of each fiscal year beginning with the
fiscal year ending December 31, 2005 (for the purposes of this Section 5.01(e), Consolidated
Net Income which is a deficit for any fiscal year shall be deemed to be zero).

     (f) Leverage Ratio. The Company will maintain a Leverage Ratio of not greater
than 3.50 to 1.

     (g) Liens, Etc. The Company will not and will not permit any Restricted
Subsidiary to create or incur or suffer to be incurred or to exist any Lien securing Debt of
any Person upon its Principal Properties, whether now owned or hereafter acquired or upon
any income or profits therefrom, or transfer any of its Principal Properties for the purpose
of subjecting the same to the payment of obligations in priority to the payment of its or
their general creditors or acquire or agree to acquire or permit any Restricted Subsidiaries
to acquire any Principal Properties upon conditional sales agreements, sale-leaseback arrangements or other title retention devices, provided,
however that the foregoing limitation will not be applicable to the following:

     (i) Liens in favor of governmental entities to secure payments pursuant to any
contract or statute or to secure any Indebtedness owing to a governmental entity
incurred to finance the purchase price or the cost of construction of the property
subject to such Lien,

     (ii) Liens securing Indebtedness of a Restricted Subsidiary to the Company or
to another Restricted Subsidiary,

     (iii) Liens existing as of the date of this Agreement and reflected on the
Company’s 2004 Form 10-K,

     (iv) Liens existing on the assets of a corporation at the time such corporation
initially becomes a Restricted Subsidiary,

     (v) Liens incurred after the date of this Agreement given to secure the payment
of the purchase price, construction cost or improvement cost incurred in connection
with the

41

 

acquisition, construction or improvement of assets, including Liens
existing on such assets at the time of acquisition thereof or at the time of
acquisition by the Company or any Restricted Subsidiary of any business entity then
owning such assets, whether or not such existing Liens were given to secure the
payment of the purchase price of the assets to which they attach, provided
that (A) the Lien shall attach solely to the assets acquired or purchased (including
any assets which are attached or otherwise adjoining such assets) and (B) such Lien
has been created or incurred by the Company or such Restricted Subsidiary
simultaneously with, or within one year after, the date of acquisition, construction
or improvement of such assets,

     (vi) in addition to the Liens permitted by the foregoing clauses of this
Section 5.01(g), additional Liens encumbering Principal Properties securing Debt of
the Company or any Restricted Subsidiary, provided, that the aggregate
principal amount of all such Debt so secured shall not at any time exceed 10% of Net
Tangible Assets, and

     (vii) any extension, renewal or replacement of any Lien permitted by the
proceeding clauses (i) through (vi) inclusive in respect of the same property
theretofore subject to such Lien, incurred in connection with the extension, renewal
or refunding of the Debt secured thereby.

     (h) Mergers, Sale of Assets.

     (i) The Company will not merge or consolidate with or into any Person unless in each
case the Company shall be the surviving corporation, except that the Company may consolidate
with or merge into any other Person if such consolidation or merger is, in the opinion of
Board of Directors of the Company, advantageous for tax or operational reasons (but not to
effect the acquisition of or by, or consolidation with, any Person that is not already a
Subsidiary of the Company), provided that:

     (A) such Person (the “Surviving Corporation”) is a corporation
organized under the laws of the United States of America having a majority of its
assets located in the United States of America;

     (B) at least a majority of the combined voting power of all Voting Stock of the
Surviving Corporation immediately after giving effect to such consolidation or
merger is owned by Persons which owned Voting Stock of the Company immediately prior
to giving effect thereto;

     (C) no Default shall have occurred and be continuing at the time of such
proposed merger or consolidation or would result therefrom;

     (D) the Company shall have provided to the Agent and the Lenders such corporate
governance and authorization documents, in form and substance satisfactory to the
Agent and the Lenders, as may be deemed necessary or advisable by the Agent and the
Lenders; and

     (E) the Surviving Corporation shall expressly assume, by written agreement
delivered to the Agent and the Lenders, all of the obligations of the Company under
this Agreement, whereupon the Surviving Corporation shall (1) succeed to all of the
rights and obligations of the Company under this Agreement, (2) for all purposes
hereof be substituted for the Company hereunder, and (3) constitute the “Company”
and a “Borrower” bound by this Agreement.

     (ii) The Company will not convey, transfer, lease or otherwise dispose of
(whether in one transaction or in a series of transactions) 50% or more of the
consolidated assets of the Company and its Subsidiaries taken as a whole (whether
now owned or hereafter acquired) to, any Person, or permit any of its Subsidiaries
to do so, except that any Subsidiary of the Company may dispose of assets to any
other Subsidiary of the Company, provided, in each case, that no Default
shall have occurred and be continuing at the time of such proposed transaction or
would result therefrom.

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     (i) Transactions with Affiliates. The Company will not, and will not permit
any Subsidiary to enter into or be a party to any transaction or arrangement with any
Affiliate (other than the Company or any of its Subsidiaries) including, without limitation,
the purchase from, sale to or exchange of property with, or the rendering of any service by
or for, any such Affiliate, except upon fair and reasonable terms no less favorable to the
Company or such Subsidiary than would obtain in a comparable arm’s-length transaction with a
Person other than an Affiliate; provided, however, that the foregoing shall apply only if
the effect of all failures of the Company or such Subsidiary to take such actions would be
to cause a Material Adverse Effect.

     (j) Termination of Pension Plans. The Company will not and will not permit any
Subsidiary to withdraw from any Multiemployer Plan or permit any employee benefit plan
maintained by it to be terminated if such withdrawal or termination could result in a
withdrawal liability (as described in Part 1 of Subtitle E of Title IV or ERISA) or the
imposition of a Lien on any property of the Company or any Subsidiary pursuant to Section
4068 of ERISA, which liability or Lien would have a Material Adverse Effect.

     (k) Reports and Rights of Inspection. The Company will keep on a consolidated
basis proper books of record and account of its dealings or transactions of, or in relation
to, the business and affairs of the Company, in accordance with GAAP consistently applied
(except for changes concurred in by the independent public accountants referred to in
Section 5.01(k)(ii) hereof), and will furnish to the Lenders (in duplicate if so specified
below or otherwise requested):

     (i) Quarterly Statements. Within 90 days (or, if the Public Debt
Rating is BBB- from S&P or Baa3 from Moody’s, 60 days) after the end of each
quarterly fiscal period (except the last) of each fiscal year, copies of:

     (A) consolidated balance sheets of the Company and its Consolidated
Subsidiaries as of the close of such quarterly fiscal period, setting forth
in comparative form the consolidated figures for the fiscal year then most
recently ended,

     (B) consolidated statements of income of the Company and its
Consolidated Subsidiaries for such quarterly fiscal period, in each case
setting forth in comparative form the consolidated figures for the
corresponding periods of the preceding fiscal year, and

     (C) consolidated statements of cash flows of the Company and its
Consolidated Subsidiaries for the portion of the fiscal year ending with
such quarterly fiscal period, setting forth in comparative form the
consolidated figures for the corresponding period of the preceding fiscal
year,

all in reasonable detail and certified as complete and correct by an authorized
financial officer of the Company, provided, that the Company may comply with
the requirements of this paragraph (i) by furnishing within the time period
described above, the Company’s Quarterly Report on Form 10-Q as filed with the
Securities and Exchange Commission and provided further that the
Company may also comply with this paragraph (i) by publishing such data or documents
on its Internet web page or in another publicly accessible electronic database,
unless any Lender at any time makes a written request for hard copy disclosure only.

     (ii) Annual Statements. Within 120 days after the close of each fiscal
year of the Company, copies of:

     (A) consolidated balance sheets of the Company and its Consolidated
Subsidiaries as of the close of such fiscal year, and

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     (B) consolidated statements of income and retained earnings and cash
flows of the Company and its Consolidated Subsidiaries for such fiscal year

in each case setting forth in comparative form the consolidated figures for the
preceding fiscal year, all in reasonable detail and accompanied by a report thereon
of a firm of independent public accountants of recognized national standing selected
by the Company to the effect that the consolidated financial statements present
fairly, in all material respects, the consolidated financial position of the Company
and its Consolidated Subsidiaries as of the end of the fiscal year being reported on
and the consolidated results of the operations and cash flows for said year in
conformity with GAAP and that the examination of such accountants in connection with
such financial statements has been conducted in accordance with generally accepted
auditing standards and included such tests of the accounting records and such other
auditing procedures as said accountants deemed necessary in the circumstances,
provided, that the Company may comply with the requirements of this
paragraph (ii) by furnishing within the period described above, the Company’s Annual
Report on Form 10-K as filed with the Securities and Exchange Commission and
provided further that the Company also may comply with the
requirements of this paragraph (ii) by publishing such documents or data on its
Internet web page or in another publicly accessible electronic database, unless any
Lender at any time makes a written request for hard copy disclosure only.

     (iii) SEC and Other Reports. Promptly after filing, copies of any Form
10-Q, Form 8-K, proxy materials or similar general report or notice filed with the
Securities and Exchange Commission and sent by the Company to shareholders
generally, and upon any Lender’s request, one copy of any other financial statement
(other than financial statements contemplated in paragraphs (i) and (ii) above),
report, notice or proxy statement sent by the Company to shareholders generally and
of each regular or periodic report (other than financial statements contemplated in
paragraphs (i) and (ii) above), and any registration statement or prospectus filed
by the Company or any Subsidiary with the Securities and Exchange Commission or any
successor agency not accorded confidential status by the Securities and Exchange
Commission; and provided further that the Company may also comply
with this paragraph (iii) by publishing such data or documents on its Internet web
page or in another publicly accessible electronic database, unless any Lender at any
time makes a written request for hard copy disclosure only.

     (iv) Officer’s Certificates. Within the period provided in paragraphs
(i) and (ii) above, a certificate of an authorized financial officer of the Company
stating that such officer has reviewed the provisions of this Agreement and setting
forth: (A) the information and computations (in sufficient detail) required in order to establish whether the
Company was in compliance with the requirements of Sections 5.01(e) and (f) at the
end of the fiscal period covered by the financial statements then being furnished,
and (B) whether there existed as of the date of such financial statements and
whether, to the best of such officer’s knowledge, there exists on the date of the
certificate any Default and, if any such Default exists on the date of the
certificate, specifying the nature and period of existence thereof and the action
the Company is taking and proposes to take with respect thereto, provided,
however, that delivery to the Agent pursuant to Section 9.02(c) of the
certificates requested in this paragraph (iv) within the period provided in
paragraphs (i) and (ii) above shall be deemed to satisfy the requirement set forth
in this paragraph (iv);

     (v) Accountants’ Certificates. Within the period provided in paragraph
(ii) above, a certificate of the accountants who render an opinion with respect to
such financial statements, stating that they have reviewed Sections 5.01(e) and (f)
and stating further that, in making their audit, such accountants have not become
aware of any Default under any of the terms or provisions of such Sections insofar
as any such terms or provisions pertain to or involve accounting matters or
determinations, and if any such Default then exists, specifying the nature and
period of existence thereof, provided, however, that such
accountants shall not be liable to any

44

 

Lender or any successor or assignee of any Lender, directly or indirectly, for failure to obtain knowledge of any such Default
which failure is not attributable to the negligence or misconduct of such
accountants, provided, however, that delivery to the Agent pursuant
to Section 9.02(c) of the certificates requested in this paragraph (v) within the
period provided in paragraphs (i) and (ii) above shall be deemed to satisfy the
requirement set forth in this paragraph (v);

     (vi) Defaults. As soon as possible and in any event within five
Business Days after a Responsible Officer of the Company has actual knowledge of the
occurrence of each Default continuing on the date of such statement, a statement of
the chief financial officer of the Company setting forth details of such Default and
the action that the Company has taken and proposes to take with respect thereto; and

     (vii) Requested Information. With reasonable promptness, such other
data and information regarding the financial condition of the Company and its
Subsidiaries as any Lender through the Agent may reasonably request. Without
limiting the foregoing, upon a reasonable request made in writing to the Company,
the Company will, subject to applicable regulations of the Federal government
relating to classified information and reasonable security and safety regulations of
the Company, permit the Agent or any Lender (or such person as the Agent or such
Lender may designate on its behalf) to visit the headquarters of the Company and to
examine the books of account of the Company and its Subsidiaries as reflect the
creditworthiness of the Company, to make copies and extracts therefrom and to
discuss the affairs, finances and accounts of the Company and its Subsidiaries with
its officers and employees at all such reasonable times and as often as may be
reasonably requested, provided, that nothing contained in this sentence
shall require the Company to divulge or otherwise make available the Company’s trade
secrets, processes, other know-how and proprietary property or information.

ARTICLE VI

EVENTS OF DEFAULT

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

     (a) (i) Any Borrower shall fail to pay any principal of any Advance when the same
becomes due and payable; or (ii) any Borrower shall fail to pay any interest on any Advance
within five Business Days after the same becomes due and payable, or (iii) any Borrower
shall fail to pay any fee payable under Section 2.05 within five Business Days after written notice by the Agent or any Lender
that the same is due and payable; or

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

     (c) (i) The Company shall fail to perform or observe any term, covenant or agreement
contained in Section 2.11(b)(ii) or Section 5.01(a)(i), (e), (f), (g), (h), (j) or (k), or
(ii) the Company shall fail to perform or observe any other term, covenant or agreement
contained in this Agreement on its part to be performed or observed if such failure shall
remain unremedied for 30 days after written notice thereof shall have been given to the
Company by the Agent or any Lender; or

     (d) The Company or any of its Restricted Subsidiaries shall fail to pay any principal
of or premium or interest on any obligation for borrowed money that is outstanding in a
principal amount of at least $30,000,000 in the aggregate (but excluding obligations for
borrowed money outstanding hereunder and obligations for borrowed money owed to the Company
or any such Subsidiary) of the Company or

45

 

such Subsidiary (as the case may be), when the
same becomes due and payable (whether by scheduled maturity, required prepayment,
acceleration, demand or otherwise), or any other event shall occur or condition shall exist
under any agreement or instrument relating to any such obligations for borrowed money and
shall continue after the applicable grace period, if any, specified in such agreement or
instrument, if the effect of such failure to pay or other event or condition is to
accelerate the maturity of such obligation for borrowed money; or

     (e) The Company or any of its Restricted Subsidiaries shall generally not pay its debts
as such debts become due, or shall admit in writing its inability to pay its debts
generally, or shall make a general assignment for the benefit of creditors; or any
proceeding shall be instituted by or against the Company or any of its Restricted
Subsidiaries seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation,
winding up, reorganization, arrangement, adjustment, protection, relief, or composition of
it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief
of debtors, or seeking the entry of an order for relief or the appointment of a receiver,
trustee, custodian or other similar official for it or for any substantial part of its
property and, in the case of any such proceeding instituted against it (but not instituted
by it), either such proceeding shall remain undismissed or unstayed for a period of 60 days,
or any of the actions sought in such proceeding (including, without limitation, the entry of
an order for relief against, or the appointment of a receiver, trustee, custodian or other
similar official for, it or for any substantial part of its property) shall occur; or the
Company or any of its Restricted Subsidiaries shall take any corporate action to authorize
any of the actions set forth above in this subsection (e); or

     (f) Judgments or orders for the payment of money in excess of $50,000,000 in the
aggregate shall be rendered against the Company or any of its Restricted Subsidiaries and
either (i) enforcement proceedings shall have been commenced by any creditor upon such
judgment or order or (ii) there shall be any period of 30 consecutive days during which a
stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise,
shall not be in effect; provided, however, that any such judgment or order
shall not be an Event of Default under this Section 6.01(f) if, for so long as and to the
extent that (i) the amount of such judgment or order is covered by a valid and binding
policy of insurance between the defendant and the insurer covering payment thereof and (ii)
such insurer, which shall be rated at least “A” by A.M. Best Company, has been notified of,
and has not disputed the claim made for payment of, the amount of such judgment or order;

then, and in any such event, the Agent (i) shall at the request, or may with the consent, of the
Required Lenders, by notice to the Borrowers, declare the obligation of each Lender to make
Advances (other than Revolving Credit Advances by an Issuing Bank or a Lender pursuant to Section
2.04(c)) and the obligation of the Issuing Banks to issue Letters of Credit to be terminated,
whereupon the same shall forthwith terminate, and (ii) shall at the request,
or may with the consent, of the Required Lenders, by notice to the Borrowers, declare the Advances,
all interest thereon and all other amounts payable under this Agreement to be forthwith due and
payable, whereupon the Advances, all such interest and all such amounts shall become and be
forthwith due and payable, without presentment, demand, protest or further notice of any kind, all
of which are hereby expressly waived by the Borrowers; provided, however, that in
the event of an actual or deemed entry of an order for relief with respect to any Borrower under
any Bankruptcy Law, (A) the obligation of each Lender to make Advances (other than Revolving Credit
Advances by an Issuing Bank or a Lender pursuant to Section 2.04(c)) and the obligation of the
Issuing Banks to issue Letters of Credit shall automatically be terminated and (B) the Advances,
all such interest and all such amounts shall automatically become and be due and payable, without
presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by
the Borrowers.

          SECTION 6.02. Actions in Respect of the Letters of Credit upon Default. If
any Event of Default shall have occurred and be continuing, the Agent may with the consent, or
shall at the request, of the Required Lenders, irrespective of whether it is taking any of the
actions described in Section 6.01 or otherwise, make demand upon the Borrowers to, and forthwith
upon such demand the Borrowers will, at the Borrowers’ option, (a) pay to the Agent on behalf of
the Lenders in same day funds at the Agent’s office designated in such demand, for deposit in the
L/C Cash Collateral Account, an amount equal to the aggregate Available Amount of all Letters of
Credit then outstanding or (b) within two Business Days after such demand, make such other
arrangements in respect of the

46

 

outstanding Letters of Credit as shall be acceptable to the Required
Lenders. If at any time the Agent determines that any funds held in the L/C Cash Collateral
Account are subject to any right or claim of any Person other than the Agent and the Lenders or
that the total amount of such funds is less than the aggregate Available Amount of all Letters of
Credit, the Borrowers will, forthwith upon demand by the Agent, pay to the Agent, as additional
funds to be deposited and held in the L/C Cash Collateral Account, an amount equal to the excess of
(a) such aggregate Available Amount over (b) the total amount of funds, if any, then held in the
L/C Cash Collateral Account that the Agent determines to be free and clear of any such right and
claim. Upon the drawing of any Letter of Credit, to the extent funds are on deposit in the L/C
Cash Collateral Account, such funds shall be applied to reimburse the Issuing Banks to the extent
permitted by applicable law. If any Letter of Credit expires and is undrawn, the Agent shall
promptly deliver to the Borrowers the funds in the L/C Cash Collateral Account relating to such
Letter of Credit. All interest and other amounts, if any, earned in the L/C Cash Collateral
Account shall be for the account of the Borrowers.

ARTICLE VII

GUARANTY

          SECTION 7.01. Guaranty. The Company hereby absolutely, unconditionally and
irrevocably guarantees the punctual payment when due, whether at scheduled maturity or on any date
of a required prepayment or by acceleration, demand or otherwise, of all obligations of each other
Borrower now or hereafter existing under or in respect of this Agreement or any Note (including,
without limitation, any extensions, modifications, substitutions, amendments or renewals of any or
all of the foregoing obligations), whether direct or indirect, absolute or contingent, and whether
for principal, interest, premiums, fees, indemnities, contract causes of action, costs, expenses or
otherwise (such obligations being the “Guaranteed Obligations”), and agrees to pay any and
all expenses (including, without limitation, fees and expenses of counsel) incurred by the Agent or
any Lender in enforcing any rights under this Guaranty. Without limiting the generality of the
foregoing, the Company’s liability shall extend to all amounts that constitute part of the
Guaranteed Obligations and would be owed by any other Borrower to the Agent or any Lender under or
in respect of this Agreement but for the fact that they are unenforceable or not allowable due to
the existence of a bankruptcy, reorganization or similar proceeding involving such Borrower.
Notwithstanding anything in this Article VII or elsewhere in this Agreement to the contrary, prior
to the payment by the Company of any of the Guaranteed Obligations hereunder, the Agent shall give
the Company written notice of the event that gave rise to the demand for payment therefor and shall
provide the Company five Business Days within which to cure or otherwise remedy, or cause the
appropriate Borrower to cure or otherwise remedy, such event.

          SECTION 7.02. Guaranty Absolute. The Company guarantees that the Guaranteed
Obligations will be paid strictly in accordance with the terms of this Agreement, regardless of any
law, regulation or order now or hereafter in effect in any jurisdiction affecting any of
such terms or the rights of the Agent or any Lender with respect thereto. The obligations of
the Company under or in respect of this Guaranty are independent of the Guaranteed Obligations or
any other obligations of any other Borrower under or in respect of this Agreement, and a separate
action or actions may be brought and prosecuted against the Company to enforce this Guaranty,
irrespective of whether any action is brought against any other Borrower or whether any other
Borrower is joined in any such action or actions. The liability of the Company under this Guaranty
shall be irrevocable, absolute and unconditional irrespective of, and the Company hereby
irrevocably waives any defenses it may now have or hereafter acquire in any way relating to, any or
all of the following:

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

     (b) any change in the time, manner or place of payment of, or in any other term of, all
or any of the Guaranteed Obligations or any other obligations of any other Borrower under or
in respect of this Agreement, or any other amendment or waiver of or any consent to
departure from this Agreement, including, without limitation, any increase in the Guaranteed
Obligations resulting from the extension of additional credit to any Borrower or any of its
Subsidiaries or otherwise;

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

     (d) any manner of application of any collateral, or proceeds thereof, to all or any of
the Guaranteed Obligations, or any manner of sale or other disposition of any collateral for
all or any of the Guaranteed Obligations or any other obligations of any Borrower under this
Agreement or any other assets of any Borrower or any of its Subsidiaries;

     (e) any change, restructuring or termination of the corporate structure or existence of
any Borrower or any of its Subsidiaries;

     (f) any failure of the Agent or any Lender to disclose to the Company any information
relating to the business, condition (financial or otherwise), operations, performance,
properties or prospects of any other Borrower now or hereafter known to the Agent or such
Lender (the Company waiving any duty on the part of the Agent and the Lenders to disclose
such information);

     (g) the failure of any other Person to execute or deliver any other guaranty or
agreement or the release or reduction of liability of the Company or other guarantor or
surety with respect to the Guaranteed Obligations; or

     (h) any other circumstance (including, without limitation, any statute of limitations,
but not including payment) or any existence of or reliance on any representation by the
Agent or any Lender that might otherwise constitute a defense available to, or a discharge
of, the Company, any Borrower or any other guarantor or surety.

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

          SECTION 7.03. Waivers and Acknowledgments. (a) The Company hereby unconditionally
and irrevocably waives promptness, diligence, notice of acceptance, presentment, demand for
performance, notice of nonperformance, default, acceleration, protest or dishonor and any other
notice with respect to any of the Guaranteed Obligations and this Guaranty and any requirement that
the Agent or any Lender protect, secure, perfect or insure any Lien or any property subject thereto
or exhaust any right or take any action against any Borrower or any other Person or any collateral.

          (b) The Company hereby unconditionally and irrevocably waives any right to revoke this
Guaranty and acknowledges that this Guaranty is continuing in nature and applies to all Guaranteed
Obligations, whether existing now or in the future.

          (c) The Company hereby unconditionally and irrevocably waives (i) any defense arising by
reason of any claim or defense based upon an election of remedies by the Agent or any Lender that
in any manner impairs, reduces, releases or otherwise adversely affects the subrogation,
reimbursement, exoneration, contribution or indemnification rights of the Company or other rights
of the Company to proceed against any of the Agent or the Lenders, any other guarantor or any other
Person or any collateral and (ii) any defense based on any right of set-off or counterclaim against
or in respect of the obligations of the Company hereunder.

          (d) The Company hereby unconditionally and irrevocably waives any duty on the part of the
Agent or any Lender to disclose to the Company any matter, fact or thing relating to the business,
condition (financial or otherwise), operations, performance, properties or prospects of any other
Borrower or any of its Subsidiaries now or hereafter known by the Agent or such Lender.

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          (e) The Company acknowledges that it will receive substantial direct and indirect benefits
from the financing arrangements contemplated by this Agreement and that the waivers set forth in
Section 7.02 and this Section 7.03 are knowingly made in contemplation of such benefits.

          SECTION 7.04. Subrogation. The Company hereby unconditionally and irrevocably agrees
not to exercise any rights that it may now have or hereafter acquire against any other Borrower or
any other insider guarantor that arise from the existence, payment, performance or enforcement of
the Company’s obligations under or in respect of this Guaranty, including, without limitation, any
right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to
participate in any claim or remedy of the Agent or any Lender against any other Borrower or any
other insider guarantor or any collateral, whether or not such claim, remedy or right arises in
equity or under contract, statute or common law, including, without limitation, the right to take
or receive from any other Borrower or any other insider guarantor, directly or indirectly, in cash
or other property or by set-off or in any other manner, payment or security on account of such
claim, remedy or right, unless and until all of the Guaranteed Obligations and all other amounts
payable under this Guaranty shall have been indefeasibly paid in full in cash and the Commitments
shall have expired or been terminated. If any amount shall be paid to the Company in violation of
the immediately preceding sentence at any time prior to the later of (a) the payment in full in
cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (b) the
Termination Date, such amount shall be received and held in trust for the benefit of the Agent and
the Lenders, shall be segregated from other property and funds of the Company and shall forthwith
be paid or delivered to the Agent in the same form as so received (with any necessary endorsement
or assignment) to be credited and applied to the Guaranteed Obligations and all other amounts
payable under this Guaranty, whether matured or unmatured, in accordance with the terms of this
Agreement, or to be held as collateral for any Guaranteed Obligations or other amounts payable
under this Guaranty thereafter arising. If (i) the Company shall make payment to the Agent or any
Lender of all or any part of the Guaranteed Obligations, (ii) all of the Guaranteed Obligations and
all other amounts payable under this Guaranty shall have been indefeasibly paid in full in cash and
(iii) the Termination Date shall have occurred, the Agent and the Lenders will, at the Company’s
request and expense, execute and deliver to the Company appropriate documents, without recourse and
without representation or warranty, necessary to evidence the transfer by subrogation to the
Company of an interest in the Guaranteed Obligations resulting from such payment made by the
Company pursuant to this Guaranty.

          SECTION 7.05. Continuing Guaranty; Assignments. This Guaranty is a continuing
guaranty and shall (a) remain in full force and effect until the latest of (i) the payment in full
in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (ii)
the Termination Date, (b) be binding upon the Guarantor, its successors and assigns and (c) inure
to the benefit of and be enforceable by the Agent and the Lenders and their successors, transferees
and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence,
the Agent or any Lender may assign or otherwise transfer all or any portion of its rights and
obligations under this Agreement (including, without limitation, all or any portion of its
Commitments, the Advances owing to it and the Note or Notes held by it) to any other Person, and
such other Person shall thereupon become vested with all the benefits in respect thereof granted to
the Agent or such Lender herein or otherwise, in each case as and to the extent provided in Section
9.06. The Guarantor shall not have the right to assign its rights hereunder or any interest herein
without the prior written consent of the Agent and the Lenders.

ARTICLE VIII

THE AGENT

          SECTION 8.01. Authorization and Action. Each Lender (in its capacities as a Lender
and Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as
agent on its behalf and to exercise such powers and discretion under this Agreement as are
delegated to the Agent by the terms hereof, together with such powers and discretion as are
reasonably incidental thereto. As to any matters not expressly provided for by this Agreement
(including, without limitation, enforcement or collection of the Notes), the Agent shall not be
required to exercise any discretion or take any action, but shall be required to act or to refrain
from acting (and shall be fully protected in so acting or refraining from acting) upon the
instructions of the Required Lenders, and such instructions shall be binding upon all Lenders and
all holders of Notes; provided, however, that the Agent shall not be required to
take any action that exposes the Agent to personal liability or that is contrary to

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this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to
it by any Borrower pursuant to the terms of this Agreement.

          SECTION 8.02. Agent’s Reliance, Etc. Neither the Agent nor any of its directors,
officers, agents or employees shall be liable for any action taken or omitted to be taken by it or
them under or in connection with this Agreement, except for its or their own gross negligence or
willful misconduct. Without limitation of the generality of the foregoing, the Agent: (i) may
treat the Lender that made any Advance as the holder of the Debt resulting therefrom until the
Agent receives and accepts an Assumption Agreement entered into by an Assuming Lender as provided
in Section 2.19 or 2.20, as the case may be, or an Assignment and Acceptance entered into by such
Lender, as assignor, and an Eligible Assignee, as assignee, as provided in Section 9.06; (ii) may
consult with legal counsel (including counsel for the Borrowers), independent public accountants
and other experts selected by it and shall not be liable for any action taken or omitted to be
taken in good faith by it in accordance with the advice of such counsel, accountants or experts;
(iii) makes no warranty or representation to any Lender and shall not be responsible to any Lender
for any statements, warranties or representations (whether written or oral) made in or in
connection with this Agreement; (iv) shall not have any duty to ascertain or to inquire as to the
performance, observance or satisfaction of any of the terms, covenants or conditions of this
Agreement on the part of any Borrower or the existence at any time of any Default or to inspect the
property (including the books and records) of any Borrower; (v) shall not be responsible to any
Lender for the due execution, legality, validity, enforceability, genuineness, sufficiency or value
of, this Agreement or any other instrument or document furnished pursuant hereto; and (vi) shall
incur no liability under or in respect of this Agreement by acting upon any notice, consent,
certificate or other instrument or writing (which may be by telecopier, telegram or telex) believed
by it to be genuine and signed or sent by the proper party or parties.

          SECTION 8.03. Citibank and Affiliates. With respect to its Commitment, the Advances
made by it and the Note issued to it, Citibank shall have the same rights and powers under this
Agreement as any other Lender and may exercise the same as though it were not the Agent; and the
term “Lender” or “Lenders” shall, unless otherwise expressly indicated, include Citibank in its
individual capacity. Citibank and its Affiliates may accept deposits from, lend money to, act as
trustee under indentures of, accept investment banking engagements from and generally engage in any
kind of business with, the Company, any of its Subsidiaries and any Person who may do business with
or own securities of the Company or any such Subsidiary, all as if Citibank were not the Agent and
without any duty to account therefor to the Lenders. The Agent shall have no duty to disclose
information obtained or received by it or any of its affiliates relating to the Company or its
Subsidiaries to the extent such information was obtained or received in any capacity other than as
Agent.

          SECTION 8.04. Lender Credit Decision. Each Lender acknowledges that it has,
independently and without reliance upon the Agent or any other Lender and based on the financial
statements referred to in Section 4.01 and such other 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 Agent or any other
Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own
credit decisions in taking or not taking action under this Agreement.

          SECTION 8.05. Indemnification. (a) The Lenders (other than the Designated Bidders)
agree to indemnify the Agent (to the extent not reimbursed by a Borrower), ratably according to the
respective principal amounts of the Revolving Credit Advances then owed to each of them (or if no
Revolving Credit Advances are at the time outstanding, ratably according to the respective amounts
of their Commitments), from and against any and all liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature
whatsoever that may be imposed on, incurred by, or asserted against the Agent in any way relating
to or arising out of this Agreement or any action taken or omitted by the Agent under this
Agreement (collectively, the “Indemnified Costs”), provided that no Lender shall be
liable for any portion of the Indemnified Costs resulting from the Agent’s gross negligence or
willful misconduct. Without limitation of the foregoing, each Lender (other than the Designated
Bidders) agrees to reimburse the Agent promptly upon demand for its ratable share of any
out-of-pocket expenses (including reasonable counsel fees) incurred by the Agent in connection with
the preparation, execution, delivery, administration, modification, amendment or enforcement
(whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of
rights or responsibilities under, this Agreement, to the extent that the Agent is not reimbursed
for such expenses by a Borrower. In the case of any

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investigation, litigation or proceeding giving rise to any Indemnified Costs, this Section 8.05 applies whether any such investigation, litigation
or proceeding is brought by the Agent, any Lender or a third party.

          (b) Each Lender (other than the Designated Bidders) severally agrees to indemnify the Issuing
Banks (to the extent not reimbursed by a Borrower in accordance with this Agreement) from and
against such Lender’s ratable share (determined as provided below) of any and all liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or asserted
against any such Issuing Bank in any way relating to or arising out of this Agreement or any action
taken or omitted by such Issuing Bank hereunder or in connection herewith; provided,
however, that no Lender shall be liable for any portion of such liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting
from such Issuing Bank’s gross negligence or willful misconduct as found in a final, non-appealable
judgment by a court of competent jurisdiction. Without limitation of the foregoing, each Lender
(other than the Designated Bidders) agrees to reimburse any such Issuing Bank promptly upon demand
for its ratable share of any costs and expenses (including, without limitation, fees and expenses
of counsel) payable by a Borrower under Section 9.04, to the extent that such Issuing Bank is not
reimbursed for such costs and expenses by a Borrower in accordance with the terms of this
Agreement.

          (c) For purposes of this Section 8.05, the Lenders’ respective ratable shares of any amount
shall be determined, at any time, according to the sum of (i) the aggregate principal amount of the
Revolving Credit Advances outstanding at such time and owing to the respective Lenders, (ii) their
respective Pro Rata Shares of the aggregate Available Amount of all Letters of Credit outstanding
at such time and (iii) their respective Unused Commitments at such time; provided that the
aggregate principal amount of Revolving Credit Advances owing to the Issuing Banks as a result of
drawings under Letters of Credit shall be considered to be owed to the Lenders ratably in
accordance with their respective Revolving Credit Commitments. The failure of any Lender to
reimburse the Agent or any such Issuing Bank, as the case may be, promptly upon demand for its
ratable share of any amount required to be paid by the Lenders to the Agent or such Issuing Bank,
as the case may be, as provided herein shall not relieve any other Lender of its obligation
hereunder to reimburse the Agent or such Issuing Bank, as the case may be, for its ratable share of
such amount, but no Lender shall be responsible for the failure of any other Lender to reimburse
the Agent or any such Issuing Bank, as the case may be, for such other Lender’s ratable share of
such amount. Without prejudice to the survival of any other agreement of any Lender hereunder, the
agreement and obligations of each Lender contained in this Section 8.05 shall survive the payment
in full of principal, interest and all other amounts payable hereunder and under the Notes.

          SECTION 8.06. Successor Agent. The Agent may resign at any time by giving written
notice thereof to the Lenders and the Company and may be removed at any time with or without cause
by the Required Lenders. Upon any such resignation or removal, the Required Lenders shall have the
right to appoint a successor Agent; provided, that, unless an Event of Default shall exist
and be continuing, such successor Agent shall be subject to the approval of the Company. If no
successor Agent shall have been so appointed by the Required Lenders, and shall have accepted such appointment, within 30 days
after the retiring Agent’s giving of notice of resignation or the Required Lenders’ removal of the
retiring Agent, then the retiring Agent may, on behalf of the Lenders, appoint a successor Agent,
which shall be a commercial bank organized under the laws of the United States of America or of any
State thereof and having a combined capital and surplus of at least $500,000,000. Upon the
acceptance of any appointment as Agent hereunder by a successor Agent, such successor Agent shall
thereupon succeed to and become vested with all the rights, powers, discretion, privileges and
duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and
obligations under this Agreement. After any retiring Agent’s resignation or removal hereunder as
Agent, the provisions of this Article VIII shall inure to its benefit as to any actions taken or
omitted to be taken by it while it was Agent under this Agreement.

          SECTION 8.07. Sub-Agent. The Sub-Agent has been designated under this Agreement to
carry out duties of the Agent, provided that the designation of the Sub-Agent shall not
limit the obligations of the Agent hereunder. The Sub-Agent shall be subject to each of the
obligations in this Agreement to be performed by the Sub-Agent, and each of the Borrowers and the
Lenders agrees that the Sub-Agent shall be entitled to exercise each of the rights and shall be
entitled to each of the benefits of the Agent under this Agreement as relate to the performance of
its obligations hereunder.

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          SECTION 8.08. Other Agents. Each Lender hereby acknowledges that neither the
documentation agent nor any other Lender designated as any “Agent” (other than the Agent) on the
signature pages hereof has any liability hereunder other than in its capacity as a Lender.

ARTICLE IX

MISCELLANEOUS

          SECTION 9.01. Amendments, Etc. No amendment or waiver of any provision of this
Agreement or the Revolving Credit Notes, nor consent to any departure by any Borrower therefrom,
shall in any event be effective unless the same shall be in writing and signed by the Required
Lenders, and then such waiver or consent shall be effective only in the specific instance and for
the specific purpose for which given; provided, however, that no amendment, waiver
or consent shall, unless in writing and signed by all the Lenders (other than the Designated
Bidders) affected thereby, do any of the following: (a) waive any of the conditions specified in
Section 3.01, (b) increase the Commitment of any Lender other than as provided in Section 2.19, (c)
reduce the principal of, or interest on, the Revolving Credit Advances or any fees or other amounts
payable hereunder, (d) postpone any date fixed for any payment of principal of, or interest on, the
Revolving Credit Advances or any fees or other amounts payable hereunder other than as provided in
Section 2.20, (e) change the percentage of the Revolving Credit Commitments, the aggregate
Available Amount of outstanding Letters of Credit or of the aggregate unpaid principal amount of
the Revolving Credit Advances, or the number of Lenders, that shall be required for the Lenders or
any of them to take any action hereunder, (f) release the Company from any of its obligations under
Article VII or (g) amend this Section 9.01; and provided further that no amendment,
waiver or consent shall, unless in writing and signed by the Agent in addition to the Lenders
required above to take such action, affect the rights or duties of the Agent under this Agreement
or any Note; and provided, further, that no amendment, waiver or consent shall,
unless in writing and signed by the Issuing Banks in addition to the Lenders required above to take
such action, affect the rights or obligation of the Issuing Banks in their capacity as Issuing
Banks under this Agreement.

          SECTION 9.02. Notices, Etc. (a) All notices and other communications provided for
hereunder shall be either (x) in writing (including telecopier, telegraphic or telex communication)
and mailed, telecopied, telegraphed, telexed or delivered, if to any Borrower, at the address of
the Company at Four Coliseum Center, 2730 West Tyvola Road, Charlotte, North Carolina 28217,
Attention: Treasurer, Telecopier No. 704-423-7075 if to any Lender, at its Domestic Lending Office
specified opposite its name on Schedule I hereto; if to any other Lender, at its Domestic Lending
Office specified in the Assumption Agreement or the Assignment and Acceptance pursuant to which it
became a Lender; and if to the Agent, at its address at Two Penns Way, New Castle, Delaware 19720,
Attention: Bank Loan Syndications Department, Telecopier No. 302-894-6102; or, as to the Company or
the Agent, at such other address as shall be designated by such party in a written notice to the
other parties and, as to each other party, at such other address as shall be designated by such
party in a written notice to the Company and the Agent, or (y) with respect to materials required
to be delivered pursuant to Section 5.01(k)(iv) and (v), delivered to the Agent as specified
in Section 9.02(c) or as otherwise agreed to between the Company and the Agent. All such notices
and communications shall, when mailed or telecopied, be effective when deposited in the mails or
telecopied, respectively, except that notices and communications to the Agent pursuant to Article
II, III or VIII shall not be effective until received by the Agent. Delivery by telecopier of an
executed counterpart of any amendment or waiver of any provision of this Agreement or the Notes or
of any Exhibit hereto to be executed and delivered hereunder shall be effective as delivery of a
manually executed counterpart thereof.

          (b) Notwithstanding anything to the contrary contained in this Agreement or any Note, (i) any
notice to the Borrowers or to any one of them required under this Agreement or any such Note that
is delivered to the Company shall constitute effective notice to the Borrowers or to any such
Borrower, including the Company and (ii) any Notice of Borrowing or any notice of Conversion
delivered pursuant to Section 2.09 may be delivered by any Borrower or by the Company, on behalf of
any other Borrower. Each Designated Subsidiary hereby irrevocably appoints the Company as its
authorized agent to receive and deliver notices in accordance with this Section 9.02, and hereby
irrevocably agrees that (A) in the case of clause (i) of the immediately preceding sentence, the
failure of the Company to give any notice referred to therein to any such Designated Subsidiary to
which such notice applies shall not impair or affect the validity of such notice with respect
thereto and (B) in the case of clause (ii) of the immediately preceding sentence, the delivery of
any such notice by the Company, on behalf

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of any other Borrower, shall be binding on such other
Borrower to the same extent as if such notice had been executed and delivered directly by such
Borrower.

          (c) So long as Citibank or any of its Affiliates is the Agent, materials required to be
delivered pursuant to Section 5.01(k)(iv) and (v) shall be delivered to the Agent in an electronic
medium in a format acceptable to the Agent and the Lenders by e-mail at
oploanswebadmin@citigroup.com. The Company agrees that the Agent may make such materials
(collectively, the “Communications”) available to the Lenders by posting such notices on
Intralinks (or another secured website acceptable to the Company) in a timely manner (the
“Platform”). The Company acknowledges that (i) the distribution of material through an
electronic medium is not necessarily secure and that there are confidentiality and other risks
associated with such distribution, (ii) the Platform is provided “as is” and “as available” and
(iii) neither the Agent nor any of its Affiliates warrants the accuracy, adequacy or completeness
of the Communications or the Platform and each expressly disclaims liability for errors or
omissions in the Communications or the Platform. No warranty of any kind, express, implied or
statutory, including, without limitation, any warranty of merchantability, fitness for a particular
purpose, non-infringement of third party rights or freedom from viruses or other code defects, is
made by the Agent or any of its Affiliates in connection with the Platform.

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

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

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

          (b) The Company agrees to indemnify and hold harmless the Agent and each Lender and each of
their Affiliates and their officers, directors, employees, agents and advisors (each, an
“Indemnified Party”) from and against any and all claims, damages, losses, liabilities and
expenses (including, without limitation, reasonable fees and expenses of counsel) incurred by or
asserted or awarded against any Indemnified Party, in each case arising out of or in connection
with or by reason of (including, without limitation, in connection with any investigation,
litigation or proceeding or preparation of a defense in connection therewith) the Notes, this
Agreement, any of the transactions contemplated herein or the actual or proposed use of the
proceeds of the Advances or the Letters of Credit, except to the extent such claim, damage, loss,
liability or expense is found in a final, non-appealable judgment by a court of competent
jurisdiction to have resulted from such Indemnified Party’s gross negligence or willful misconduct.
In the case of an investigation, litigation or other proceeding to which the indemnity in this
Section 9.04(b) applies, such indemnity shall be effective whether or not such investigation,
litigation or proceeding is brought by the Company, its directors, equityholders or creditors or an
Indemnified Party or any other Person, whether or not any Indemnified Party is otherwise a party
thereto and whether or not the

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transactions contemplated hereby are consummated. Each Lender, the
Agent and the Company agree not to assert any claim for special, indirect, consequential or
punitive damages against any other party, any of their Affiliates, or any of their respective
directors, officers, employees, attorneys and agents, on any theory of liability, arising out of or
otherwise relating to the Notes, this Agreement, any of the transactions contemplated herein or the
actual or proposed use of the proceeds of the Advances.

          (c) If any payment of principal of, or Conversion of, any Eurocurrency Rate Advance, LIBO Rate
Advance or Local Rate Advance is made by a Borrower to or for the account of a Lender (i) other
than on the last day of the Interest Period for such Advance, as a result of a payment or
Conversion pursuant to Section 2.09, 2.11 or 2.13, acceleration of the maturity of the Notes
pursuant to Section 6.01 or for any other reason, or by an Eligible Assignee to a Lender other than
on the last day of the Interest Period for such Advance upon an assignment of rights and
obligations under this Agreement pursuant to Section 9.06 as a result of a demand by the Company
pursuant to Section 9.06(a) or (ii) as a result of a payment or Conversion pursuant to Section
2.09, 2.11 or 2.13, the applicable Borrower shall, upon demand by such Lender (with a copy of such
demand to the Agent), pay to the Agent for the account of such Lender any amounts required to
compensate such Lender for any additional losses, costs or expenses that it may reasonably incur as
a result of such payment or Conversion, including, without limitation, any reasonable loss
(excluding loss of anticipated profits), cost or expense incurred by reason of the liquidation or
reemployment of deposits or other funds acquired by any Lender to fund or maintain such Advance.
If any Eurocurrency Rate Advance, LIBO Rate Advance or Local Rate Advance denominated in a
Committed Currency is required to be exchanged into an Equivalent amount of Dollars pursuant to
Section 2.09 or 2.13, the Company shall indemnify each Lender for all losses, costs and expenses
suffered or incurred by such Lender as a result of such exchange (including, without limitation,
any foreign exchange loss). If the amount of the Committed Currency purchased by any Lender in the
case of a Conversion or exchange of Advances in the case of Section 2.09 or 2.13 exceeds the sum
required to satisfy such Lender’s liability in respect of such Advances, such Lender agrees to
remit to the Company such excess.

          (d) Without prejudice to the survival of any other agreement of the Borrowers hereunder, the
agreements and obligations of the Borrowers contained in Sections 2.12, 2.15 and 9.04 shall survive
the payment in full of principal, interest and all other amounts payable hereunder and under the
Notes.

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

          SECTION 9.06. Assignments, Designations and Participations. (a) Each
Lender (other than the Designated Bidders) may and, if demanded by the Company (following a demand
by such Lender pursuant to Section 2.12 or 2.15 or an assertion of illegality by such Lender
pursuant to Section 2.13 and so long as no Event of Default has occurred and is continuing) upon at
least five Business Days’ notice to such Lender and the Agent, will assign to one or more Persons
all or a portion of its rights and obligations under this Agreement (including, without limitation,
all or a portion of its Revolving Credit Commitment, the Revolving Credit Advances owing to it and
the Revolving Credit Note or Notes held by it); provided, however, that (i) each
such assignment shall be of a constant, and not a varying, percentage of all rights and obligations
under this Agreement (other than any right to make Competitive Bid Advances, Competitive Bid
Advances owing to it and Competitive Bid Notes), (ii) except in the case of an assignment to a
Person that, immediately prior to such assignment, was a Lender or an assignment of all of a
Lender’s rights and obligations under this Agreement, the amount of the Revolving Credit Commitment
of the assigning Lender being assigned pursuant to each such assignment (determined as of the date
of the Assignment and Acceptance with respect to such assignment) shall in no event be less than
$20,000,000 (or, in the case of an assignment to a Lender, $5,000,000) or an integral multiple of
$1,000,000 in excess thereof unless the Company and the Agent otherwise agree, (iii) each such
assignment shall be to an Eligible Assignee, (iv) each such assignment made as a result of a demand
by the Company pursuant to this Section 9.06(a) shall be arranged by the Company after consultation
with the Agent and shall be either an assignment of all of the rights and obligations of the
assigning Lender under this Agreement or an assignment of a portion of such rights and obligations
made

54

 

concurrently with another such assignment or other such assignments that together cover all of
the rights and obligations of the assigning Lender under this Agreement, (v) no Lender shall be
obligated to make any such assignment as a result of a demand by the Company pursuant to this
Section 9.06(a) unless and until such Lender shall have received one or more payments from either
the Borrowers or one or more Eligible Assignees in an aggregate amount at least equal to the
aggregate outstanding principal amount of the Advances owing to such Lender, together with accrued
interest thereon to the date of payment of such principal amount and all other amounts payable to
such Lender under this Agreement, and (vi) the parties to each such assignment shall execute and
deliver to the Agent, for its acceptance and recording in the Register, an Assignment and
Acceptance, together with any Revolving Credit Note subject to such assignment and a processing and
recordation fee of $3,500 payable by the parties to each such assignment, provided,
however, that in the case of each assignment made as a result of a demand by the Company,
such recordation fee shall be payable by the Company except that no such recordation fee shall be
payable in the case of an assignment made at the request of the Company to an Eligible Assignee
that is an existing Lender, and (vii) any Lender may, without the approval of the Company and the
Agent, assign all or a portion of its rights to any of its Affiliates. Upon such execution,
delivery, acceptance and recording, from and after the effective date specified in each Assignment
and Acceptance, (x) the assignee thereunder shall be a party hereto and, to the extent that rights
and obligations hereunder have been assigned to it pursuant to such Assignment and Acceptance, have
the rights and obligations of a Lender hereunder and (y) the Lender assignor thereunder shall, to
the extent that rights and obligations hereunder have been assigned by it pursuant to such
Assignment and Acceptance, relinquish its rights (other than its rights under Section 2.12, 2.15
and 9.04 to the extent any claim thereunder relates to an event arising prior such assignment) and
be released from its obligations under this Agreement (and, in the case of an Assignment and
Acceptance covering all or the remaining portion of an assigning Lender’s rights and obligations
under this Agreement, such Lender shall cease to be a party hereto).

          (b) By executing and delivering an Assignment and Acceptance, the Lender assignor thereunder
and the assignee thereunder confirm to and agree with each other and the other parties hereto as
follows: (i) other than as provided in such Assignment and Acceptance, such assigning Lender makes
no representation or warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with this Agreement or the execution,
legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any
other instrument or document furnished pursuant hereto; (ii) such assigning Lender makes no
representation or warranty and assumes no responsibility with respect to the financial condition of
any Borrower or the performance or observance by any Borrower of any of its obligations under this
Agreement or any other instrument or document furnished pursuant hereto; (iii) such assignee
confirms that it has received a copy of this Agreement, together with copies of the financial
statements referred to in Section 4.01 and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into such
Assignment and Acceptance; (iv) such assignee will, independently and without reliance upon
the Agent, such assigning Lender or any other Lender and based on such documents and information as
it shall deem appropriate at the time, continue to make its own credit decisions in taking or not
taking action under this Agreement; (v) such assignee confirms that it is an Eligible Assignee;
(vi) such assignee appoints and authorizes the Agent to take such action as agent on its behalf and
to exercise such powers and discretion under this Agreement as are delegated to the Agent by the
terms hereof, together with such powers and discretion as are reasonably incidental thereto; and
(vii) such assignee agrees that it will perform in accordance with their terms all of the
obligations that by the terms of this Agreement are required to be performed by it as a Lender or
as an Issuing Bank, as the case may be.

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

          (d) Each Lender (other than the Designated Bidders) may designate one or more banks or other
entities to have a right to make Competitive Bid Advances as a Lender pursuant to Section 2.03;
provided, however, that (i) no such Lender shall be entitled to make more than two
such designations, (ii) each such Lender making one or more of such designations shall retain the
right to make Competitive Bid Advances as a Lender pursuant to Section 2.03, (iii) each such
designation shall be to a Designated Bidder and (iv) the parties to each such designation shall
execute and deliver to the Agent, for its acceptance and recording in the Register, a Designation
Agreement. Upon such execution, delivery, acceptance and recording, from and after the effective
date specified in

55

 

each Designation Agreement, the designee thereunder shall be a party hereto with
a right to make Competitive Bid Advances as a Lender pursuant to Section 2.03 and the obligations
related thereto.

          (e) By executing and delivering a Designation Agreement, the Lender making the designation
thereunder and its designee thereunder confirm and agree with each other and the other parties
hereto as follows: (i) such Lender makes no representation or warranty and assumes no
responsibility with respect to any statements, warranties or representations made in or in
connection with this Agreement or the execution, legality, validity, enforceability, genuineness,
sufficiency or value of this Agreement or any other instrument or document furnished pursuant
hereto; (ii) such Lender makes no representation or warranty and assumes no responsibility with
respect to the financial condition of any Borrower or the performance or observance by any Borrower
of any of its obligations under this Agreement or any other instrument or document furnished
pursuant hereto; (iii) such designee confirms that it has received a copy of this Agreement,
together with copies of the financial statements referred to in Section 4.01 and such other
documents and information as it has deemed appropriate to make its own credit analysis and decision
to enter into such Designation Agreement; (iv) such designee will, independently and without
reliance upon the Agent, such designating Lender or any other Lender and based on such documents
and information as it shall deem appropriate at the time, continue to make its own credit decisions
in taking or not taking action under this Agreement; (v) such designee confirms that it is a
Designated Bidder; (vi) such designee appoints and authorizes the Agent to take such action as
agent on its behalf and to exercise such powers and discretion under this Agreement as are
delegated to the Agent by the terms hereof, together with such powers and discretion as are
reasonably incidental thereto; and (vii) such designee agrees that it will perform in accordance
with their terms all of the obligations which by the terms of this Agreement are required to be
performed by it as a Lender.

          (f) Upon its receipt of a Designation Agreement executed by a designating Lender and a
designee representing that it is a Designated Bidder, the Agent shall, if such Designation
Agreement has been completed and is substantially in the form of Exhibit D hereto, (i) accept such
Designation Agreement, (ii) record the information contained therein in the Register and (iii) give
prompt notice thereof to the Company.

          (g) The Agent shall maintain at its address referred to in Section 9.02 a copy of each
Assumption Agreement and each Assignment and Acceptance and each Designation Agreement delivered to
and accepted by it and a register for the recordation of the names and addresses of the Lenders
and, with respect to Lenders other than Designated Bidders, the Commitment of, and principal amount
of the Advances owing to, each Lender from time to time (the “Register”). The entries in
the Register shall be conclusive and binding for all purposes, absent manifest error, and each
Borrower, the Agent and the Lenders may treat each Person whose name is recorded in the Register as
a Lender hereunder for all purposes of this Agreement. The Register shall be available
for inspection by any Borrower or any Lender at any reasonable time and from time to time upon
reasonable prior notice.

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

          (i) Any Lender may, in connection with any assignment, designation or participation or
proposed assignment, designation or participation pursuant to this Section 9.06, disclose to the
assignee, designee or participant or proposed assignee, designee or participant, any information
relating to the Company furnished to such Lender by or on behalf of the Company; provided
that, prior to any such disclosure, the assignee, designee or

56

 

participant or proposed assignee,
designee or participant shall agree to preserve the confidentiality of any Confidential Information
relating to the Company received by it from such Lender.

          (j) Each Issuing Bank may assign to an Eligible Assignee its rights and obligations or any
portion of the undrawn Letter of Credit Commitment at any time; provided, however,
that (i) the amount of the Letter of Credit Commitment of the assigning Issuing Bank being
assigned pursuant to each such assignment (determined as of the date of the Assignment and
Acceptance with respect to such assignment) shall in no event be less than $1,000,000 or an
integral multiple of $1,000,000 in excess thereof, and (ii) the parties to each such assignment
shall execute and deliver to the Agent, for its acceptance and recording in the Register, an
Assignment and Acceptance, together with a processing and recordation fee of $3,500.

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

          (l) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting
Lender”) may grant to a special purpose funding vehicle (a “SPC”), identified as such
in writing from time to time by the Granting Lender to the Agent and the Company, the option to
provide to the applicable Borrower all or any part of any Advance that such Granting Lender would
otherwise be obligated to make to such Borrower pursuant to this Agreement; provided that
(i) nothing herein shall constitute a commitment by any SPC to make any Advance, and (ii) if an SPC
elects not to exercise such option or otherwise fails to provide all or any part of such Advance,
the Granting Lender shall be obligated to make such Advance pursuant to the terms hereof. Each SPC
shall have granted its Granting Lender an irrevocable power of attorney to deliver and receive all
communications and notices under this Agreement and to exercise, in its reasonable discretion, on
behalf of such SPC, all of such SPC’s voting rights under this Agreement. No additional Note shall
be required to evidence the Advances or portion thereof made by an SPC and the Granting Lender
shall be deemed to hold its Note as agent for such SPC to the extent of the Advances or portion
thereof funded by such SPC. In addition, any payments for the account of any SPC shall be paid to
its respective Granting Lender as agent for such SPC. The making of an Advance by an SPC hereunder
shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Advance
were made by such Granting Lender (and shall not result in any additional amounts being payable by
any Borrower under this Agreement). Each party hereto hereby agrees that no SPC shall be liable
for any indemnity or similar payment obligation under this Agreement (all liability for which shall
remain with the Granting Lender). In furtherance of the foregoing, each party hereto hereby agrees
(which agreement shall survive the termination of this Agreement)
that, prior to the date that is one year and one day after the payment in full of all
outstanding commercial paper or other senior indebtedness of any SPC, it will not institute
against, or join any other person in instituting against, such SPC any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceedings under the laws of the United States or any State
thereof. In addition, notwithstanding anything to the contrary contained in this Section 9.06(l),
any SPC may (i) with notice to, but without the prior written consent of, the Company and the Agent
and without paying any processing fee therefor, assign all or a portion of its interests in any
Advances to the Granting Lender or to any financial institutions (consented to by the Company and
Agent) providing liquidity and/or credit support to or for the account of such SPC to support the
funding or maintenance of Advances and (ii) disclose on a confidential basis any non-public
information relating to its Advances to any rating agency, commercial paper dealer or provider of
any surety, guarantee or credit or liquidity enhancement to such SPC. This Section 9.06(l) may not
be amended without the written consent of the SPC.

          SECTION 9.07. Confidentiality. Neither the Agent nor any Lender shall disclose any
Confidential Information to any other Person without the consent of the Company, other than (a) to
the Agent’s or such Lender’s Affiliates and their officers, directors, employees, agents and
advisors and, as contemplated by Section 9.06(i), to actual or prospective assignees and
participants, and then only on a confidential basis consistent with the requirements of this
Section, (b) as required by any law, rule or regulation or judicial process, (c) for evidentiary
purposes in any relevant action, proceeding or arbitration, (d) to any rating agency when required
by it, provided that, prior to any such disclosure, such rating agency shall undertake to
preserve the confidentiality of any Confidential Information relating to the Company received by it
from such Lender and (e) as requested or required by any state, federal or foreign authority or
examiner or non-governmental regulatory body regulating or claiming authority to regulate banks or
banking. Notwithstanding anything herein to the contrary, the Company, the Agent

57

 

and the Lenders may disclose to any and all Persons, without limitation of any kind, the U.S. tax treatment and tax
structure of the transactions contemplated hereby and all materials of any kind (including opinions
or other tax analyses) that are provided to the Company, the Agent or any Lender relating to such
U.S. tax treatment and tax structure.

          SECTION 9.08. Governing Law. This Agreement and the Notes shall be governed by, and
construed in accordance with, the laws of the State of New York.

          SECTION 9.09. Execution in Counterparts. This Agreement may be executed in any
number of counterparts and by different parties hereto in separate counterparts, each of which when
so executed shall be deemed to be an original and all of which taken together shall constitute one
and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement
by telecopier shall be effective as delivery of a manually executed counterpart of this Agreement.

          SECTION 9.10. Judgment. (a) If for the purposes of obtaining judgment in any court
it is necessary to convert a sum due hereunder in Dollars into another currency, the parties hereto
agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall
be that at which in accordance with normal banking procedures the Agent could purchase Dollars with
such other currency at Citibank’s principal office in London at 11:00 A.M. (London time) on the
Business Day preceding that on which final judgment is given.

          (b) If for the purposes of obtaining judgment in any court it is necessary to convert a sum
due hereunder in a Foreign Currency into Dollars, the parties agree to the fullest extent that they
may effectively do so, that the rate of exchange used shall be that at which in accordance with
normal banking procedures the Agent could purchase such Foreign Currency with Dollars at Citibank’s
principal office in London at 11:00 A.M. (London time) on the Business Day preceding that on which
final judgment is given.

          (c) The obligation of any Borrower in respect of any sum due from it in any currency (the
“Primary Currency”) to any Lender or the Agent hereunder shall, notwithstanding any
judgment in any other currency, be discharged only to the extent that on the Business Day following
receipt by such Lender or the Agent (as the case may be), of any sum adjudged to be so due in such
other currency, such Lender or the Agent (as the case may be) may in accordance with normal banking
procedures purchase the applicable Primary Currency with such other currency; if the amount of the
applicable Primary Currency so purchased is less than such sum due to such Lender or the Agent (as
the case may be) in the applicable Primary Currency, each Borrower agrees, as a separate
obligation and notwithstanding any such judgment, to indemnify such Lender or the Agent (as
the case may be) against such loss, and if the amount of the applicable Primary Currency so
purchased exceeds such sum due to any Lender or the Agent (as the case may be) in the applicable
Primary Currency, such Lender or the Agent (as the case may be) agrees to remit to such Borrower
such excess.

          SECTION 9.11. Jurisdiction, Etc. (a) Each of the parties hereto hereby irrevocably
and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any
New York State court or federal court of the United States of America sitting in New York City, and
any appellate court from any thereof, in any action or proceeding arising out of or relating to
this Agreement or the Notes, 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 any such New York State court or, to the extent
permitted by law, in such federal court. Each Designated Subsidiary hereby agrees that service of
process in any such action or proceeding brought in the any such New York State court or in such
federal court may be made upon the Company at its address set forth in Section 9.02 and each such
Borrower hereby irrevocably appoints the Company its authorized agent to accept such service of
process, and agrees that the failure of the Company to give any notice of any such service shall
not impair or affect the validity of such service or of any judgment rendered in any action or
proceeding based thereon. The Company hereby further irrevocably consents to the service of
process in any action or proceeding in such courts by the mailing thereof by any parties hereto by
registered or certified mail, postage prepaid, to the Company at its address specified pursuant to
Section 9.02. Each of the parties hereto agrees that a final judgment in any such action or
proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment
or in any other manner provided by law. Nothing in this Agreement shall affect any right that any
party may otherwise have to bring any action or proceeding relating to this Agreement or the Notes
in the courts of any jurisdiction.

58

 

          (b) Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent
it may legally and effectively do so, any objection that it may now or hereafter have to the laying
of venue of any suit, action or proceeding arising out of or relating to this Agreement or the
Notes in any New York State or federal court. Each of the parties hereto hereby irrevocably
waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court.

          SECTION 9.12. Designated Subsidiaries. (a) Designation. The Company may at
any time and from time to time by delivery to the Agent of a Designation Letter, duly executed by
the Company and a wholly owned Subsidiary and in substantially the form of Exhibit E hereto,
designate such Subsidiary as a “Designated Subsidiary” for all purposes of this Agreement,
and, upon fulfillment of the applicable conditions set forth in Section 3.02 and after such
Designation Letter is accepted by the Agent, such Subsidiary shall thereupon become a Designated
Subsidiary for all purposes of this Agreement and, as such, shall have all of the rights and
obligations of a Borrower hereunder. The Agent shall promptly notify each Lender of each such
designation by the Company and the identity of each such Designated Subsidiary.

          (b) Termination. Upon the request of the Company and the payment and performance in
full of all of the indebtedness, liabilities and obligations of any Designated Subsidiary under
this Agreement and the Notes issued by it, then, so long as at such time such Designated Subsidiary
has not submitted a Notice of Revolving Credit Borrowing, such Designated Subsidiary’s status as a
Borrower and as a Designated Subsidiary shall terminate upon notice to such effect from the Agent
to the Lenders (which notice the Agent shall promptly deliver to the Lenders following its receipt
of such a request from the Company). Thereafter, the Lenders shall be under no further obligation
to make any Advances to such Designated Subsidiary.

          SECTION 9.13. No Liability of the Issuing Banks. The Borrowers assume all risks of
the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its
use of such Letter of Credit. Neither an Issuing Bank nor any of its officers or directors shall
be liable or responsible for: (a) the use that may be made of any Letter of Credit or any acts or
omissions of any beneficiary or transferee in connection therewith; (b) the validity, sufficiency
or genuineness of documents, or of any endorsement thereon, even if such documents should prove to
be in any or all respects invalid, insufficient, fraudulent or forged; (c) payment by such Issuing
Bank against presentation of documents that do not comply with the terms of a Letter of Credit,
including failure of any documents to bear any reference or adequate reference to the Letter of
Credit; or (d) any other circumstances whatsoever in making or failing to make payment
under any Letter of Credit, except that the applicable Borrower shall have a claim against
such Issuing Bank, and such Issuing Bank shall be liable to such Borrower, to the extent of any
direct, but not consequential, damages suffered by such Borrower that such Borrower proves were
caused by (i) such Issuing Bank’s willful misconduct or gross negligence as determined in a final,
non-appealable judgment by a court of competent jurisdiction in determining whether documents
presented under any Letter of Credit comply with the terms of the Letter of Credit or (ii) such
Issuing Bank’s willful failure to make lawful payment under a Letter of Credit after the
presentation to it of a draft and certificates strictly complying with the terms and conditions of
the Letter of Credit. In furtherance and not in limitation of the foregoing, such Issuing Bank may
accept documents that appear on their face to be in order, without responsibility for further
investigation, regardless of any notice or information to the contrary.

          SECTION 9.14. Patriot Act Notice. Each Lender and the Agent (for itself and not on
behalf of any Lender) hereby notifies the Company that pursuant to the requirements of the Patriot
Act, it is required to obtain, verify and record information that identifies each Borrower, which
information includes the name and address of such Borrower and other information that will allow
such Lender or the Agent, as applicable, to identify such Borrower in accordance with the Patriot
Act. Each Borrower shall provide, to the extent commercially reasonable, such information and take
such actions as are reasonably requested by the Agent or any Lenders in order to assist the Agent
and the Lenders in maintaining compliance with the Patriot Act.

[Remainder of page intentionally left blank]

59

 

          SECTION 9.15. Waiver of Jury Trial. The Company, the Agent and the Lenders hereby
irrevocably waives all right to trial by jury in any action, proceeding or counterclaim (whether
based on contract, tort or otherwise) arising out of or relating to this Agreement or the Notes or
the actions of the Agent or any Lender in the negotiation, administration, performance or
enforcement thereof.

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

	 	 	 	 	 
	 	 	GOODRICH CORPORATION
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title: Assistant Treasurer
	 
	 	 	 	 
	 	 	CITIBANK, N.A.,

     as Agent
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	Letter of Credit Commitment
	 	 	 	 
	 
	 	 	 	 
	$100,000,000	 	CITIBANK, N.A.,

     as Initial Issuing Bank
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	$100,000,000	 	BANK OF AMERICA, N.A,

     as Initial Issuing Bank
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:

60

 

Lender

	 	 	 	 	 
	Revolving Credit Commitment
	 	 	 	 
	 
	 	 	 	 
	$46,000,000	 	CITIBANK, N.A.
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	$43,500,000	 	BANK OF AMERICA, N.A.
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	$43,500,000	 	MERRILL LYNCH BANK USA
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	$43,500,000	 	WACHOVIA BANK, NATIONAL ASSOCIATION
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	$43,500,000	 	JPMORGAN CHASE BANK, N.A.
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	$35,000,000	 	BANK OF MONTREAL
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	$35,000,000	 	THE BANK OF NEW YORK
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	$35,000,000	 	CALYON NEW YORK BRANCH
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	$35,000,000	 	NATIONAL CITY BANK
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:

61

 

	 	 	 	 	 
	$35,000,000	 	CREDIT SUISSE, CAYMAN ISLANDS BRANCH
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	$35,000,000	 	DEUTSCHE BANK AG NEW YORK BRANCH
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	$35,000,000	 	MELLON BANK, N.A.
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	$35,000,000	 	ROYAL BANK OF SCOTLAND PLC
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:

	 	 	 
	$500,000,000.00

	 	Total of the Revolving Credit Commitments

62

 

SCHEDULE I

GOODRICH CORPORATION

FIVE YEAR CREDIT AGREEMENT

APPLICABLE LENDING OFFICES

APPLICABLE LENDING OFFICES

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	Name of Initial Lender	 	 	Domestic Lending Office	 	 	Eurodollar Lending Office
	 	Bank of America, N.A.

	 	 	One Independence Center

NC1-001-1503

Charlotte, NC 28255

Attn: Credit Services

T: 704 386-9875

F: 704 404-0069
	 	 	One Independence Center

NC1-001-1503

Charlotte, NC 28255

Attn: Credit Services

T: 704 386-9875

F: 704 404-0069	 
	 	Bank of Montreal

	 	 	115 South LaSalle Street

Chicago, IL 60603

Attn: Betty Rutherford

T: 312 750-3885

F: 312 750-4345
	 	 	115 South LaSalle Street

Chicago, IL 60603

Attn: Betty Rutherford

T: 312 750-3885

F: 312 750-4345	 
	 	The Bank of New York

	 	 	One Wall Street

New York, NY 10286

Attn: Larry Geter

T: 212 635-6734

F: 212 635-6399
	 	 	One Wall Street

New York, NY 10286

Attn: Larry Geter

T: 212 635-6734

F: 212 635-6399	 
	 	Calyon New York Branch

	 	 	1301 Avenue of the Americas

New York, NY 10019

Attn: Agnes Castillo

T: 212 261-7669

F: 212 261-7696
	 	 	1301 Avenue of the Americas

New York, NY 10019

Attn: Agnes Castillo

T: 212 261-7669

F: 212 261-7696	 
	 	Citibank, N.A.	 	 	Two Penns Way

New Castle, DE 19720

Attn:

	 	 	Two Penns Way

New Castle, DE 19720

Attn:	 
	 	 
	 	 	T: 302

F: 302
	 	 	T: 302

F: 302	 
	 	Credit Suisse

	 	 	11 Madison Avenue

New York, NY 10010

Attn: Ed Markowski

T: 212 538-3380

F: 212 538-3477
	 	 	11 Madison Avenue

New York, NY 10010

Attn: Ed Markowski

T: 212 538-3380

F: 212 538-3477	 
	 	Deutsche Bank AG New York

Branch

	 	 	60 Wall Street

New York, NY 10005

Attn: Chun Cheng

T: 201 593-2162

F: 201 593-2313
	 	 	60 Wall Street

New York, NY 10005

Attn: Chun Cheng

T: 201 593-2162

F: 201 593-2313	 
	 

1

 

	 	 	 	 	 	 	 	 	 
	 	JPMorgan Chase Bank, N.A.

	 	 	1111 Fannin St., Floor 10

Houston, TX 77002

Attn: Glenn F. Hector

T: 713 750-7910

F: 713 750-2938
	 	 	1111 Fannin St., Floor 10

Houston, TX 77002

Attn: Glenn F. Hector

T: 713 750-7910

F: 713 750-2938	 
	 	Mellon Bank, N.A.

	 	 	Three Mellon Center, Room 1203

Pittsburgh, PA 15259

Attn: Roxanne Gray

T: 412 234-4769

F: 412 209-6125
	 	 	Three Mellon Center, Room 1203

Pittsburgh, PA 15259

Attn: Roxanne Gray

T: 412 234-4769

F: 412 209-6125	 
	 	Merrill Lynch Bank USA

	 	 	15 W. South Temple, Ste. 300

Salt Lake City, UT 84101

Attn: Julie Young

T: 801 526-8331

F: 801 359-4667
	 	 	15 W. South Temple, Ste. 300

Salt Lake City, UT 84101

Attn: Julie Young

T: 801 526-8331

F: 801 359-4667	 
	 	National City Bank

	 	 	1900 East 9th Street

Cleveland, OH 44114

Attn: Vernon Johnson

T: 216 488-7099

F: 216 488-7110
	 	 	1900 East 9th Street

Cleveland, OH 44114

Attn: Vernon Johnson

T: 216 488-7099

F: 216 488-7110	 
	 	Royal Bank of Scotland plc
	 	 	 	 	 	 	 
	 	Wachovia Bank, National

Association

	 	 	301 South College Street; DC-5

Charlotte, NC 28288

Attn: Patrick Phelan

T: 704 374-7115

F: 704 374-4793
	 	 	301 South College Street; DC-5

Charlotte, NC 28288

Attn: Patrick Phelan

T: 704 374-7115

F: 704 374-4793	 
	 

2

 

SCHEDULE 2.01(b)

GOODRICH CORPORATION

FIVE YEAR CREDIT AGREEMENT

EXISTING LETTERS OF CREDIT

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Issue Date	 	 	Expiry Date	 	 	Issuing Bank	 	 	Number	 	 	Beneficiary	 	 	Amount	 
	 	3/16/04
	 	 	11/04/05	 	 	Bank of America, N.A.	 	 	3059301	 	 	CT Dept. of Environmental Protection	 	 	$1,000,000	 
	 	10/1/03
	 	 	7/31/05	 	 	Bank of America, N.A.	 	 	3057566	 	 	GEC Marconi	 	 	$1,275,000	 
	 	12/29/03
	 	 	8/1/05	 	 	Bank of America, N.A.	 	 	3060815	 	 	National Union Fire Insurance Co of Pittsburgh, PA	 	 	$2,850,000	 
	 	9/11/03
	 	 	1/16/06	 	 	Bank of America, N.A.	 	 	3053449	 	 	Liberty Mutual Insurance Company	 	 	$5,912,337	 
	 	12/27/95
	 	 	12/31/05	 	 	Bank of America, N.A.	 	 	39156	 	 	State of Vermont	 	 	$   250,000	 
	 	1/3/01
	 	 	10/30/05	 	 	Bank of America, N.A.	 	 	39897	 	 	Insurance Company of North America	 	 	$     20,000	 
	 	1/3/01
	 	 	12/27/05	 	 	Bank of America, N.A.	 	 	3021643	 	 	Reliance Insurance Co.	 	 	$     86,250	 
	 	8/14/03
	 	 	1/2/06	 	 	Bank of America, N.A.	 	 	3033418	 	 	National Union Fire Insurance Co.	 	 	$5,609,000	 
	 	8/14/03
	 	 	11/11/05	 	 	Bank of America, N.A.	 	 	3071694	 	 	Wachovia Bank	 	 	$2,705,124	 
	 	10/31/04
	 	 	10/31/05	 	 	Bank of America, N.A.	 	 	3071483	 	 	Regional Administration USEPA	 	 	$   350,000	 
	 	12/10/02
	 	 	9/15/05	 	 	Bank of America, N.A.	 	 	3058719	 	 	NJ Dept of Environment	 	 	$     35,000	 
	 

1

 

EXHIBIT A-1 - FORM OF

REVOLVING CREDIT

PROMISSORY NOTE

	 	 	 
	U.S.$                                        

	 	Dated:                                         , 200_

          FOR VALUE RECEIVED, the undersigned,                     , a                      corporation (the
“Borrower”), HEREBY PROMISES TO PAY to the order of                     (the “Lender”) for
the account of its Applicable Lending Office on the Termination Date (each as defined in the Credit
Agreement referred to below) the principal sum of U.S.$[amount of the Lender’s Commitment in
figures] or, if less, the aggregate principal amount of the Revolving Credit Advances made by the
Lender to the Borrower pursuant to the Five Year Credit Agreement dated as of May 25, 2005 among
the Borrower, [Goodrich Corporation,] the Lender and certain other lenders parties thereto, and
Citibank, N.A. as Agent for the Lender and such other lenders (as amended or modified from time to
time, the “Credit Agreement”; the terms defined therein being used herein as therein
defined) outstanding on the Termination Date.

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

          Both principal and interest in respect of each Revolving Credit Advance (i) in Dollars are
payable in lawful money of the United States of America to the Agent at its account maintained at
399 Park Avenue, New York, New York 10043, in same day funds and (ii) in any Committed Currency are
payable in such currency at the applicable Payment Office in same day funds. Each Revolving Credit
Advance owing to the Lender by the Borrower pursuant to the Credit Agreement, and all payments made
on account of principal thereof, shall be recorded by the Lender and, prior to any transfer hereof,
endorsed on the grid attached hereto which is part of this Promissory Note.

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

	 	 	 	 	 
	 	 	[NAME OF BORROWER]
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:

1

 

ADVANCES AND PAYMENTS OF PRINCIPAL

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	Amount of	 	 	 	 	 	 	 
	 	 	 	 	Amount of	 	 	Principal Paid	 	 	Unpaid Principal	 	 	Notation	 
	 	Date	 	 	Advance	 	 	or Prepaid	 	 	Balance	 	 	Made By	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

2

 

EXHIBIT A-2 - FORM OF

COMPETITIVE BID

PROMISSORY NOTE

	 	 	 
	U.S.$                                        

	 	Dated:                                         , 200_

          FOR VALUE RECEIVED, the undersigned,                                         , a                     corporation (the
“Borrower”), HEREBY PROMISES TO PAY to the order of                                                             (the
“Lender”) for the account of its Applicable Lending Office (as defined in the Five Year
Credit Agreement dated as of May 25, 2005 among the Borrower, [Goodrich Corporation,] the Lender
and certain other lenders parties thereto, and Citibank, N.A., as Agent for the Lender and such
other lenders (as amended or modified from time to time, the “Credit Agreement”; the terms
defined therein being used herein as therein defined)), on                     , 200_, the principal amount
of [U.S.$                                        ] [for a Competitive Bid Advance in a Foreign Currency, list currency and
amount of such Advance].

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

Interest Rate: ___% per annum (calculated on the basis of a year of ___days for the
actual number of days elapsed).

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

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

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

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

	 	 	 	 	 
	 	 	[NAME OF BORROWER]
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:

1

 

EXHIBIT B-1 - FORM OF NOTICE OF

REVOLVING CREDIT BORROWING

Citibank, N.A., as Agent

for the Lenders parties

to the Credit Agreement

referred to below

Two Penns Way

New Castle, Delaware 19720

[Date]

          Attention: Bank Loan Syndications Department

Ladies and Gentlemen:

          The undersigned,                                         , a                      corporation refers to the Five Year Credit
Agreement, dated as of May 25, 2005 (as amended or modified from time to time, the “Credit
Agreement”, the terms defined therein being used herein as therein defined), among the
undersigned, [Goodrich Corporation,] certain Lenders parties thereto and Citibank, N.A., as Agent
for said Lenders, and hereby gives you notice, irrevocably, pursuant to Section 2.02 of the Credit
Agreement that the undersigned hereby requests a Revolving Credit Borrowing under the Credit
Agreement, and in that connection sets forth below the information relating to such Revolving
Credit Borrowing (the “Proposed Revolving Credit Borrowing”) as required by Section 2.02(a)
of the Credit Agreement:

     (i) The Business Day of the Proposed Revolving Credit Borrowing is                     , 200_.

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

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

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

          The undersigned hereby certifies that the following statements are true on the date hereof,
and will be true on the date of the Proposed Revolving Credit Borrowing:

     (A) the representations and warranties contained in Section 4.01 of the Credit
Agreement (except the representations set forth in subsection (c)(ii) thereof and in
subsection (d)(i) thereof) (and, if such Revolving Credit Borrowing shall have been
requested by a Designated Subsidiary, the representations and warranties of such Designated
Subsidiary contained in its Designation Letter, other than the representation set forth in
subsection (i) of paragraph 5 thereof) are correct on and as of such date (except to the
extent that any expressly relate to any earlier date), before and after giving effect to
such Revolving Credit Borrowing or such Extension Date and to the application of the
proceeds therefrom, as though made on and as of such date, and

     (B) no event has occurred and is continuing, or would result from such Proposed
Revolving Credit Borrowing or from the application of the proceeds therefrom, that
constitutes a Default.

1

 

	 	 	 	 	 
	 	 	Very truly yours,
	 
	 	 	 	 
	 	 	[NAME OF BORROWER]
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:

2

 

EXHIBIT B-2 - FORM OF NOTICE OF

COMPETITIVE BID BORROWING

Citibank, N.A., as Agent

for the Lenders parties

to the Credit Agreement

referred to below

Two Penns Way

New Castle, Delaware 19720

[Date]

          Attention: Bank Loan Syndications Department

Ladies and Gentlemen:

          The undersigned,                                         , refers to the Five Year Credit Agreement, dated as of May
25, 2005 (as amended or modified from time to time, the “Credit Agreement”, the terms
defined therein being used herein as therein defined), among the undersigned, [Goodrich
Corporation,] certain Lenders parties thereto and Citibank, N.A., as Agent for said Lenders, and
hereby gives you notice, irrevocably, pursuant to Section 2.03 of the Credit Agreement that the
undersigned hereby requests a Competitive Bid Borrowing under the Credit Agreement, and in that
connection sets forth the terms on which such Competitive Bid Borrowing (the “Proposed
Competitive Bid Borrowing”) is requested to be made:

	 	 	 	 	 	 	 
	

	 	(A)
	 	Date of Competitive Bid Borrowing
	 	                                        
	

	 	(B)
	 	Amount of Competitive Bid Borrowing
	 	                                        
	

	 	(C)
	 	[Maturity Date] [Interest Period]
	 	                                        
	

	 	(D)
	 	Interest Rate Basis
	 	                                        
	

	 	(E)
	 	Day Count Convention
	 	                                        
	

	 	(F)
	 	Interest Payment Date(s)
	 	                                        
	

	 	(G)
	 	Currency
	 	                                        
	

	 	(H)
	 	Borrower’s Account Location
	 	                                        
	

	 	(I)
	 	                                        
	 	                                        

          The undersigned hereby certifies that the following statements are true on the date hereof,
and will be true on the date of the Proposed Competitive Bid Borrowing:

     (a) the representations and warranties contained in Section 4.01 of the Credit
Agreement (except the representations set forth in subsection (c)(ii) thereof and in
subsection (d)(i) thereof) (and, (and, if such Competitive Bid Borrowing shall have been
requested by a Designated Subsidiary, the representations and warranties of such Designated
Subsidiary contained in its Designation Letter, other than the representation set forth in
subsection (i) of paragraph 5 thereof) are correct on and as of the date of such Competitive
Bid Borrowing (except to the extent that any expressly relate to any earlier date), before
and after giving effect to such Competitive Bid Borrowing and to the application of the
proceeds therefrom, as though made on and as of such date, and

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

     (c) the aggregate amount of the Proposed Competitive Bid Borrowing and all other
Borrowings to be made on the same day under the Credit Agreement is within the aggregate
amount of the unused Commitments of the Lenders.

1

 

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

	 	 	 	 	 
	 	 	Very truly yours,
	 
	 	 	 	 
	 	 	[NAME OF BORROWER]
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:

2

 

EXHIBIT C - FORM OF

ASSIGNMENT AND ACCEPTANCE

          Reference is made to the Five Year Credit Agreement dated as of May 25, 2005 (as amended or
modified from time to time, the “Credit Agreement”) among GOODRICH CORPORATION, a New York
corporation (the “Company”), the Lenders (as defined in the Credit Agreement) and Citibank,
N.A., as agent for the Lenders (the “Agent”). Terms defined in the Credit Agreement are
used herein with the same meaning.

          The “Assignor” and the “Assignee” referred to on Schedule I hereto agree as follows:

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

          2. The Assignor (i) represents and warrants that it is the legal and beneficial owner of the
interest being assigned by it hereunder and that such interest is free and clear of any adverse
claim; (ii) makes no representation or warranty and assumes no responsibility with respect to any
statements, warranties or representations made in or in connection with the Credit Agreement or the
execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit
Agreement or any other instrument or document furnished pursuant thereto; (iii) makes no
representation or warranty and assumes no responsibility with respect to the financial condition of
any Borrower or the performance or observance by any Borrower of any of its obligations under the
Credit Agreement or any other instrument or document furnished pursuant thereto; and (iv) attaches
the Revolving Credit Note[, if any,] held by the Assignor [and requests that the Agent exchange
such Revolving Credit Note for a new Revolving Credit Note payable to the order of [the Assignee in
an amount equal to the Commitment assumed by the Assignee pursuant hereto or new Revolving Credit
Notes payable to the order of the Assignee in an amount equal to the Commitment assumed by the
Assignee pursuant hereto and] the Assignor in an amount equal to the Commitment retained by the
Assignor under the Credit Agreement[, respectively,] as specified on Schedule 1 hereto].

          3. The Assignee (i) confirms that it has received a copy of the Credit Agreement, together
with copies of the financial statements referred to in Section 4.01 thereof and such other
documents and information as it has deemed appropriate to make its own credit analysis and decision
to enter into this Assignment and Acceptance; (ii) agrees that it will, independently and without
reliance upon the Agent, the Assignor or any other Lender and based on such documents and
information as it shall deem appropriate at the time, continue to make its own credit decisions in
taking or not taking action under the Credit Agreement; (iii) confirms that it is an Eligible
Assignee; (iv) appoints and authorizes the Agent to take such action as agent on its behalf and to
exercise such powers and discretion under the Credit Agreement as are delegated to the Agent by the
terms thereof, together with such powers and discretion as are reasonably incidental thereto; (v)
agrees that it will perform in accordance with their terms all of the obligations that by the terms
of the Credit Agreement are required to be performed by it as a Lender; and (vi) attaches any U.S.
Internal Revenue Service forms required under Section 2.15 of the Credit Agreement.

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

1

 

          5. Upon such acceptance and recording by the Agent, as of the Effective Date, (i) the Assignee
shall be a party to the Credit Agreement and, to the extent provided in this Assignment and
Acceptance, have the rights and obligations of a Lender thereunder and (ii) the Assignor shall, to
the extent provided in this Assignment and Acceptance, relinquish its rights and be released from
its obligations under the Credit Agreement.

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

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

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

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

2

 

Schedule 1

to

Assignment and Acceptance

	 	 	 
	Percentage interest assigned:

	 	                    %
	 
	 	 
	Assignee’s Commitment:

	 	$                    
	 
	 	 
	Aggregate outstanding principal amount of Revolving Credit Advances assigned:

	 	$                    
	 
	 	 
	Principal amount of Revolving Credit Note payable to Assignee:

	 	$                    
	 
	 	 
	Principal amount of Revolving Credit Note payable to Assignor:

	 	$                    
	 
	 	 
	Effective Date*:                                         , 200_
	 	 

	 	 	 	 	 
	

	 	[NAME OF
ASSIGNOR] 
as Assignor

	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	 	 	Dated:                                         , 200_
	 
	 	 	 	 
	

	 	[NAME OF ASSIGNEE], as Assignee

	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	 	 	Dated:                                         , 200_
	 
	 	 	 	 
	 	 	Domestic Lending Office:
	

	 	 	 	[Address]
	 
	 	 	 	 
	 	 	Eurocurrency Lending Office:
	

	 	 	 	[Address]

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

3

 

	 	 	 	 	 
	Accepted [and Approved]** this

                     day of                                         , 200_	 	 
	 
	 	 	 	 
	CITIBANK, N.A., as Agent	 	 
	 
	 	 	 	 
	By

	 	
 
	 	 
	 
	 	Title:	 	 
	 
	[Approved this                     day

of                                         , 200_	 	 
	 
	 	 	 	 
	GOODRICH CORPORATION	 	 
	 
	 	 	 	 
	By

	 	 
	 ] 	 
	 
	 	Title:	 	 
	By

	 	 
	
 ]*
	 
	 	Title:	 	 

	**	 	Required if the Assignee is an Eligible
Assignee solely by reason of clause (iii) of the definition of “Eligible
Assignee”.
	 
	*	 	Required if the Assignee is an Eligible
Assignee solely by reason of clause (iii) of the definition of “Eligible
Assignee”.

4

 

EXHIBIT D - FORM OF

DESIGNATION AGREEMENT

Dated                                         , 200_

          Reference is made to the Credit Agreement dated as of May 25, 2005 (as amended or modified
from time to time, the “Credit Agreement”) among GOODRICH CORPORATION, a New York
corporation (the “Company”), the Lenders (as defined in the Credit Agreement) and Citibank,
N.A., as agent for the Lenders (the “Agent”). Terms defined in the Credit Agreement are
used herein with the same meaning.

                                                                      (the “Designor”) and                                                             (the
“Designee”) agree as follows:

          1. The Designor hereby designates the Designee, and the Designee hereby accepts such
designation, to have a right to make Competitive Bid Advances pursuant to Section 2.03 of the
Credit Agreement.

          2. The Designor makes no representation or warranty and assumes no responsibility with respect
to (i) any statements, warranties or representations made in or in connection with the Credit
Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value
of the Credit Agreement or any other instrument or document furnished pursuant thereto and (ii) the
financial condition of any Borrower or the performance or observance by any Borrower of any of its
obligations under the Credit Agreement or any other instrument or document furnished pursuant
thereto.

          3. The Designee (i) confirms that it has received a copy of the Credit Agreement, together
with copies of the financial statements referred to in Section 4.01 thereof and such other
documents and information as it has deemed appropriate to make its own credit analysis and decision
to enter into this Designation Agreement; (ii) agrees that it will, independently and without
reliance upon the Agent, the Designor or any other Lender and based on such documents and
information as it shall deem appropriate at the time, continue to make its own credit decisions in
taking or not taking action under the Credit Agreement; (iii) confirms that it is a Designated
Bidder; (iv) appoints and authorizes the Agent to take such action as agent on its behalf and to
exercise such powers and discretion under the Credit Agreement as are delegated to the Agent by the
terms thereof, together with such powers and discretion as are reasonably incidental thereto; and
(v) agrees that it will perform in accordance with their terms all of the obligations which by the
terms of the Credit Agreement are required to be performed by it as a Lender.

          4. Following the execution of this Designation Agreement by the Designor and its Designee, it
will be delivered to the Agent for acceptance and recording by the Agent. The effective date for
this Designation Agreement (the “Effective Date”) shall be the date of acceptance hereof by
the Agent, unless otherwise specified on the signature page hereto.

          5. Upon such acceptance and recording by the Agent, as of the Effective Date, the Designee
shall be a party to the Credit Agreement with a right to make Competitive Bid Advances as a Lender
pursuant to Section 2.03 of the Credit Agreement and the rights and obligations of a Lender related
thereto.

          6. This Designation Agreement shall be governed by, and construed in accordance with, the laws
of the State of New York.

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

1

 

          IN WITNESS WHEREOF, the Designor and the Designee have caused this Designation Agreement to be
executed by their officers thereunto duly authorized as of the date first above written.

	 	 	 
	Effective Date*:

	 	                                        , 200___

	 	 	 	 	 
	 	 	[NAME OF DESIGNOR],

     as Designor
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	 	 	[NAME OF DESIGNEE],

     as Designee
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	 	 	Applicable Lending Office (and address for notices):
	

	 	 	 	[Address]

	 	 	 	 	 
	Accepted this
                    
day 
of                                         , 200_	 	 
	 
	 	 	 	 
	CITIBANK, N.A., as Agent	 	 
	 
	 	 	 	 
	By

	 	
 
	 	 
	 
	 	Title: 	 	 
	 
	[Approved this                     day

of                                         , 200_	 	 
	 
	 	 	 	 
	GOODRICH CORPORATION	 	 
	 
	 	 	 	 
	By

	 	
 	 ] 	 
	 
	 	Title:	 	 
	 
	By

	 	
 	]	 
	 
	 	Title:	 	 

	*	 	This date should be no earlier than five
Business Days after the delivery of this Designation Agreement to the Agent.

2

 

EXHIBIT E

FORM OF DESIGNATION LETTER

	 	 	 
	

	 	[Date]

To each of the Lenders parties

to the Credit Agreement dated

as of May 25, 2005

among Goodrich Corporation,

said Lenders and Citicorp USA, Inc.,

as Agent for said Lenders, and

to Citicorp USA, Inc., as Agent

Ladies and Gentlemen:

          Reference is made to the Five Year Credit Agreement, dated as of May 25, 2005 (the “Credit
Agreement”), among Goodrich Corporation (the “Company”), the Lenders parties thereto,
Citibank, N.A., as Agent for said Lenders. Terms defined in the Credit Agreement are used herein
as therein defined.

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

          The Designated Subsidiary, in consideration of the agreement of each Lender to extend credit
to it from time to time under, and on the terms and conditions set forth in, the Credit Agreement
does hereby assume each of the obligations imposed upon a Designated Subsidiary and a Borrower
under the Credit Agreement and agrees to be bound by all of the terms and conditions of the Credit
Agreement. The Designated Subsidiary has, on the date hereof, delivered to the Agent a properly
completed and duly executed Revolving Credit Note, in substantially the form of Exhibit A-1 to the
Credit Agreement, payable to each Lender that has made a request pursuant to Section 2.17 of the
Credit Agreement.

          In furtherance of the foregoing, the Designated Subsidiary hereby represents and warrants to
the Agent and each of the Lenders as follows:

     1. The Designated Subsidiary is a Person duly organized, validly existing and, to the
extent such concept is applicable in the jurisdiction of organization of the Designated
Subsidiary, in good standing under the laws of                     .

     2. The execution, delivery and performance by the Designated Subsidiary of this
Designation Letter, the Credit Agreement and the Notes issued by the Designated Subsidiary
and the consummation of the transactions contemplated hereby and thereby, are within the
Designated Subsidiary’s powers, have been duly authorized by all necessary action
(including, without limitation, all necessary stockholders’ action), and do not contravene
(a) the Designated Subsidiary’s charter or by-laws (or similar organizational documents) or
(b) law or any contractual restriction binding on or affecting the Designated Subsidiary.

     3. No authorization or approval or other action by, and no notice to or filing with,
any governmental authority or regulatory body or any other third party is required for the
due execution, delivery and performance by the Designated Subsidiary of this Designation
Letter, the Credit Agreement or any of the Notes issued by the Designated Subsidiary, or for
the consummation of the transactions contemplated hereby and thereby, except as have been
obtained or made and are in full force and effect.

1

 

     4. This Designation Letter has been, and each of the Notes issued by the Designated
Subsidiary when executed and delivered under the Credit Agreement will have been, duly
executed and delivered by the Designated Subsidiary. Each of this Designation Letter and
the Credit Agreement is, and each of the Notes issued by the Designated Subsidiary when
delivered under the Credit Agreement will be, the legal, valid and binding obligation of the
Designated Subsidiary, enforceable against the Designated Subsidiary in accordance with
their respective terms.

     5. There is no pending or threatened action, suit, investigation, litigation or
proceeding affecting the Designated Subsidiary or any of its Subsidiaries before any court,
governmental agency or arbitrator that (i) could reasonably be expected to have a Material
Adverse Effect or (ii) purports to affect the legality, validity or enforceability of this
Designation Letter, the Credit Agreement or any of the Notes issued by the Designated
Subsidiary, or the consummation of the transactions contemplated hereby and thereby.

     6. The Designated Subsidiary is not engaged in the business of extending credit for the
purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the
Board of Governors of the Federal Reserve System), and no proceeds of any Advance to the
Designated Subsidiary will be used to purchase or carry any margin stock or to extend credit
to others for the purpose of purchasing or carrying margin stock

          The Designated Subsidiary hereby irrevocably appoints the Company as its authorized agent to
receive and deliver notices in accordance with Section 9.02(b) of the Credit Agreement, and hereby
irrevocably agrees that (A) in the case of any notices delivered to the Company, on behalf of the
Designated Subsidiary, in accordance with Section 9.02(b) of the Credit Agreement, the failure of
the Company to give any notice referred to therein to the Designated Subsidiary shall not impair or
affect the validity of such notice with respect thereto and (B) in the case of Notice of Borrowing
or notice of Conversion delivered pursuant to Section 2.09 of the Credit Agreement by the Company,
on behalf of the Designated Subsidiary, in accordance with Section 9.02(b) of the Credit Agreement,
the delivery of any such notice by the Company, on behalf of the Designated Subsidiary, shall be
binding on the Designated Subsidiary to the same extent as if such notice had been executed and
delivered directly by the Designated Subsidiary.

          The Designated Subsidiary hereby irrevocably and unconditionally submits, for itself and its
property, to the nonexclusive jurisdiction of any New York state court or federal court of the
United States of America sitting in New York City, and any appellate court from any thereof, in any
action or proceeding arising out of or relating to this Designation Letter, the Credit Agreement or
any of the Notes issued by the Designated Subsidiary or for recognition or enforcement of any
judgment, and hereby irrevocably and unconditionally agrees that all claims in respect of any such
action or proceeding may be heard and determined in any such New York State court or, to the extent
permitted by applicable law, in such federal court. The Designated Subsidiary hereby further
irrevocably consents to the service of process in any action or proceeding in such courts by the
mailing thereof by any Lender or the Agent by registered or certified mail, postage prepaid, to it
at its address specified below its name on the signature page hereto. The Designated Subsidiary
hereby further agrees that service of process in any such action or proceeding brought in any such
New York State court or in any such federal court may be made upon the Company at the address
referred to in Section 9.02 of the Credit Agreement, and the Designated Subsidiary hereby
irrevocably appoints the Company as its authorized agent to accept such service of process, and
agrees that the failure of the Company to give any notice of any such service to it shall not
impair or affect the validity of such service or of any judgment rendered in any action or
proceeding based thereon. The Designated Subsidiary 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 applicable law. Nothing in this Designation Letter,
the Credit Agreement or any of the Notes issued by the Designated Subsidiary shall affect any right
that any party may otherwise have to serve legal process in any other manner permitted by
applicable law or to bring any action or proceeding relating to this Designation Letter, the Credit
Agreement or any such Note in the courts of any jurisdiction.

          The Designated Subsidiary irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection that it may now or hereafter have to the laying of
venue of any suit,

2

 

action or proceeding arising out of or relating to this Designation Letter, the Credit
Agreement or any of the Notes issued by it in any New York state or federal court. The Designated
Subsidiary hereby irrevocably waives, to the fullest extent permitted by applicable law, the
defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.

          To the extent that the Designated Subsidiary has or hereafter may acquire any immunity from
jurisdiction of any court or from any legal process (whether through service or notice, attachment
prior to judgment, attachment in aid of execution, execution or otherwise) with respect to itself
or its property, the Designated Subsidiary hereby irrevocably waives such immunity in respect of
its obligations under this Designation Letter, the Credit Agreement or any of the Notes issued by
it.

          The Designated Subsidiary hereby irrevocably waives all right to trial by jury in any action,
proceeding or counterclaim (whether based on contract, tort or otherwise) arising out of or
relating to this Designation Letter, the Credit Agreement or any of the Notes issued by it or the
actions of the Agent or any Lender in the negotiation, administration, performance or enforcement
thereof.

	 	 	 	 	 
	 	 	Very truly yours,
	 
	 	 	 	 
	 	 	GOODRICH CORPORATION
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	 
	 	 	 	 
	 	 	[THE DESIGNATED SUBSIDIARY]
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Name:
	

	 	 	 	Title:
	 
	 	 	 	 
	

	 	 	 	Address:

	 	 	 	 	 
	Acknowledged and Agreed to

 as of the date first above written:	 	 
	 
	 	 	 	 
	CITIBANK, N.A., as Agent	 	 
	 
	 	 	 	 
	By

	 	 	 	 
	

	 	Name:

Title:	 	 

3

 

EXHIBIT F-1 - FORM OF

OPINION OF GENERAL

COUNSEL FOR THE COMPANY

To be delivered separately.

1

 

EXHIBIT F-2 - FORM OF

OPINION OF JONES DAY

To be delivered separately.

1

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