Document:

Exhibit 10.5

 

 

 

 

AECOM Technology Corporation

 

PRIVATE SHELF AGREEMENT

UP TO THE EQUIVALENT OF $100,000,000 SENIOR NOTES

 

Dated as of December 30, 2004

 

 

TABLE OF
CONTENTS

	
  SECTION

  	
   

  	
  PAGE NO.

  
	
   

  	
   

  	
   

  	
   

  
	
  1.

  	
  Authorization Of Issue Of Notes

  	
   

  	
  1

  
	
  2A.

  	
  Intentionally Omitted

  	
   

  	
  2

  
	
  2B.

  	
  Purchase And Sale Of Notes

  	
   

  	
  2

  
	
  2B(1).

  	
  Facility

  	
   

  	
  2

  
	
  2B(2).

  	
  Issuance Period

  	
   

  	
  2

  
	
  2B(3).

  	
  Request For Purchase

  	
   

  	
  2

  
	
  2B(4).

  	
  Rate Quotes

  	
   

  	
  3

  
	
  2B(5).

  	
  Acceptance

  	
   

  	
  3

  
	
  2B(6).

  	
  Market Disruption

  	
   

  	
  3

  
	
  2B(7).

  	
  Facility Closings

  	
   

  	
  4

  
	
  2B(8).

  	
  Fees

  	
   

  	
  5

  
	
  2B(8)(i).

  	
  Structuring Fee

  	
   

  	
  5

  
	
  2B(8)(ii).

  	
  Issuance Fee

  	
   

  	
  5

  
	
  2B(8)(iii).

  	
  Delayed Delivery Fee

  	
   

  	
  5

  
	
  2B(8)(iv).

  	
  Cancellation Fee

  	
   

  	
  6

  
	
  3.

  	
  Conditions Of Closing

  	
   

  	
  6

  
	
  3A.

  	
  Certain Documents

  	
   

  	
  7

  
	
  3B.

  	
  Representations and Warranties; No Default

  	
   

  	
  8

  
	
  3C.

  	
  Purchase Permitted by Applicable Laws

  	
   

  	
  8

  
	
  3D.

  	
  Payment of Fees

  	
   

  	
  8

  
	
  4.

  	
  [Intentionally Omitted.]

  	
   

  	
  8

  
	
  5.

  	
  Representations And Warranties Of The Company

  	
   

  	
  8

  
	
  5.1.

  	
  Organization; Power And Authority

  	
   

  	
  8

  
	
  5.2.

  	
  Authorization, Etc

  	
   

  	
  9

  
	
  5.3.

  	
  Disclosure

  	
   

  	
  9

  
	
  5.4.

  	
  Ownership Of Shares Of Subsidiaries

  	
   

  	
  9

  
	
  5.5.

  	
  Financial Statements

  	
   

  	
  10

  
	
  5.6.

  	
  Compliance With Laws, Other Instruments, Etc

  	
   

  	
  11

  
	
  5.7.

  	
  Governmental Authorizations, Etc

  	
   

  	
  11

  
					

 

 i
 

 

	
  5.8.

  	
  Litigation; Observance Of Agreements, Statutes And
  Orders

  	
   

  	
  11

  
	
  5.9.

  	
  Taxes

  	
   

  	
  11

  
	
  5.10.

  	
  Title To Property; Leases

  	
   

  	
  12

  
	
  5.11.

  	
  Licenses, Permits, Etc

  	
   

  	
  12

  
	
  5.12.

  	
  Compliance With ERISA

  	
   

  	
  12

  
	
  5.13.

  	
  Private Offering

  	
   

  	
  13

  
	
  5.14.

  	
  Use Of Proceeds; Margin Regulations

  	
   

  	
  13

  
	
  5.15.

  	
  Existing Indebtedness, Liens and Investments

  	
   

  	
  14

  
	
  5.16.

  	
  Foreign Assets Control Regulations, Etc

  	
   

  	
  14

  
	
  5.17.

  	
  Status Under Certain Statutes

  	
   

  	
  14

  
	
  5.18.

  	
  Environmental Matters

  	
   

  	
  14

  
	
  6.

  	
  Representations Of The Purchasers

  	
   

  	
  15

  
	
  6.1.

  	
  Purchase For Investment

  	
   

  	
  15

  
	
  6.2

  	
  Source Of Funds

  	
   

  	
  15

  
	
  7.

  	
  Information As To The Company

  	
   

  	
  17

  
	
  7.1.

  	
  Financial And Business Information

  	
   

  	
  17

  
	
  7.2.

  	
  Officer’s Certificate

  	
   

  	
  19

  
	
  7.3.

  	
  Inspection

  	
   

  	
  20

  
	
  8.

  	
  Prepayment Of The Notes

  	
   

  	
  20

  
	
  8.1.

  	
  Prepayments Of Notes

  	
   

  	
  20

  
	
  8.2.

  	
  Optional Prepayments With Make-Whole Amount

  	
   

  	
  20

  
	
  8.3.

  	
  Allocation Of Partial Prepayments

  	
   

  	
  21

  
	
  8.4.

  	
  Maturity; Surrender, Etc

  	
   

  	
  21

  
	
  8.5.

  	
  Purchase Of Notes

  	
   

  	
  21

  
	
  8.6.

  	
  Make-Whole Amount

  	
   

  	
  21

  
	
  9.

  	
  Affirmative Covenants

  	
   

  	
  26

  
	
  9.1.

  	
  Compliance With Law

  	
   

  	
  26

  
	
  9.2.

  	
  Insurance

  	
   

  	
  27

  
	
  9.3.

  	
  Maintenance Of Properties

  	
   

  	
  27

  
	
  9.4.

  	
  Payment Of Taxes And Claims

  	
   

  	
  27

  
	
  9.5.

  	
  Corporate Existence, Etc

  	
   

  	
  27

  
	
  9.6.

  	
  Additional Major Subsidiaries

  	
   

  	
  27

  

 

 ii
 

 

	
  9.7.

  	
  Additional Obligor Subsidiaries

  	
   

  	
  28

  
	
  10.

  	
  Negative Covenants

  	
   

  	
  28

  
	
  10.1.

  	
  Transactions With Affiliates

  	
   

  	
  28

  
	
  10.2.

  	
  Merger, Consolidation, Etc

  	
   

  	
  28

  
	
  10.3.

  	
  Liens

  	
   

  	
  29

  
	
  10.4.

  	
  Interest Charges Coverage Ratio

  	
   

  	
  31

  
	
  10.5.

  	
  Fixed Charges Coverage Ratio

  	
   

  	
  31

  
	
  10.6.

  	
  Maintenance Of Consolidated Debt

  	
   

  	
  31

  
	
  10.7.

  	
  Restricted Subsidiary Debt

  	
   

  	
  31

  
	
  10.8.

  	
  Consolidated Net Worth

  	
   

  	
  32

  
	
  10.9.

  	
  Sale Of Assets

  	
   

  	
  32

  
	
  10.10.

  	
  Line Of Business

  	
   

  	
  32

  
	
  10.11.

  	
  Terrorism Sanctions Regulations

  	
   

  	
  32

  
	
  11.

  	
  Events Of Default

  	
   

  	
  32

  
	
  12.

  	
  Remedies on Default, Etc

  	
   

  	
  35

  
	
  12.1.

  	
  Acceleration

  	
   

  	
  35

  
	
  12.2.

  	
  Other Remedies

  	
   

  	
  36

  
	
  12.3.

  	
  Rescission

  	
   

  	
  36

  
	
  12.4.

  	
  No Waivers Or Election Of Remedies, Expenses, Etc

  	
   

  	
  36

  
	
  12.5.

  	
  Notice of Acceleration or Rescission

  	
   

  	
  36

  
	
  13.

  	
  Registration; Exchange; Substitution Of Notes

  	
   

  	
  36

  
	
  13.1.

  	
  Registration Of Notes

  	
   

  	
  36

  
	
  13.2.

  	
  Transfer And Exchange Of Notes

  	
   

  	
  37

  
	
  13.3.

  	
  Replacement Of Notes

  	
   

  	
  37

  
	
  14.

  	
  Payments On Notes

  	
   

  	
  38

  
	
  14.1.

  	
  Place Of Payment

  	
   

  	
  38

  
	
  14.2.

  	
  Home Office Payment

  	
   

  	
  38

  
	
  14.3.

  	
  Currency of Payments; Payments Free and Clear of
  Taxes

  	
   

  	
  38

  
	
  15.

  	
  Expenses, Etc

  	
   

  	
  40

  
	
  15.1.

  	
  Transaction Expenses

  	
   

  	
  40

  
	
  15.2.

  	
  Survival

  	
   

  	
  40

  
	
  16.

  	
  Survival Of Representations And Warranties; Entire
  Agreement

  	
   

  	
  41

  

 

 iii
 

 

	
  17.

  	
  Amendment And Waiver

  	
   

  	
  41

  
	
  17.1.

  	
  Requirements

  	
   

  	
  41

  
	
  17.2.

  	
  Solicitation Of Holders Of Notes

  	
   

  	
  41

  
	
  17.3.

  	
  Binding Effect, Etc

  	
   

  	
  42

  
	
  17.4.

  	
  Notes Held By Company, Etc

  	
   

  	
  42

  
	
  18.

  	
  Notices

  	
   

  	
  42

  
	
  19.

  	
  Reproduction Of Documents

  	
   

  	
  43

  
	
  20.

  	
  [Intentionally Omitted]

  	
   

  	
  43

  
	
  21.

  	
  [Intentionally Omitted.]

  	
   

  	
  43

  
	
  22.

  	
  Confidential Information

  	
   

  	
  43

  
	
  23.

  	
  Miscellaneous

  	
   

  	
  44

  
	
  23.1.

  	
  Successors And Assigns

  	
   

  	
  44

  
	
  23.2.

  	
  Payments Due On Non-Business Days

  	
   

  	
  44

  
	
  23.3.

  	
  Severability

  	
   

  	
  44

  
	
  23.4.

  	
  Construction

  	
   

  	
  45

  
	
  23.5.

  	
  Counterparts

  	
   

  	
  45

  
	
  23.6.

  	
  Governing Law

  	
   

  	
  45

  
	
  23.7.

  	
  Severability Of Obligations

  	
   

  	
  45

  

 

	
  Schedule A – 

  	
  Information Schedule

  
	
  Schedule B - 

  	
  Defined Terms

  
	
  Schedule BB – 

  	
  Leverage Ratio Defined Terms

  
	
  Schedule 5.4 – 

  	
  Subsidiaries of the Company

  
	
  Schedule 5.8 – 

  	
  Litigation

  
	
  Schedule 5.18 – 

  	
  Certain Environmental Matters

  
	
  Schedule 10 - 

  	
  Existing Liens; Existing Investments

  
	
   

  	
   

  
	
  Exhibit A - 

  	
  Form of Note

  
	
  Exhibit B - 

  	
  Form of Request for Purchase

  
	
  Exhibit C - 

  	
  Form of Confirmation of Acceptance

  
	
  Exhibit D - 

  	
  Form of Opinion

  

 

 iv

AECOM TECHNOLOGY CORPORATION

555 South Flower Street, Suite 3700

Los
Angeles, CA  90071

December 30, 2004

Prudential
Investment Management,

Inc. (“Prudential”)

Each
Prudential Affiliate (as hereinafter

defined)
which becomes bound by certain

provisions
of this Agreement as hereinafter

provided

c/o
Prudential Capital Group

Four
Embarcadero Center

Suite
2700

San Francisco, California  94111

Ladies and Gentlemen:

AECOM Technology Corporation, a Delaware corporation
(herein called the “Company”)
hereby agrees with you as follows:

1.             Authorization
Of Issue Of Notes.  The
Company will authorize the issue of its senior promissory notes (the “Notes”) in the aggregate principal amount of up to
$100,000,000 (or the equivalent in the Available Currencies), to be dated the
date of issue thereof, to mature, in the case of each Note so issued, no more
than fifteen years after the date of original issuance thereof, to have an
average life of no more than twelve years, to bear interest on the unpaid
balance thereof from the date thereof at the rate per annum, and to have such
other particular terms, as shall be set forth, in the case of each Note so
issued, in the Confirmation of Acceptance with respect to such Note delivered
pursuant to Section 2B(5), and to be substantially in the form of Exhibit A
attached hereto.  In no event is it
contemplated that Notes would be issued hereunder if, after giving effect
thereto, the aggregate principal amount Notes and other notes of the Company
held by Prudential and Persons described in clause (ii) of the defined term “Prudential
Affiliate” would exceed $175,000,000. 
The terms “Note” and “Notes” as used herein shall include each Note delivered
pursuant to any provision of this Agreement and each Note delivered in
substitution or exchange for any such Note pursuant to any such provision.  Notes which have (i) the same final maturity,
(ii) the same principal prepayment dates, (iii) the same principal prepayment
amounts (as a percentage of the original principal amount of each Note), (iv) the
same interest rate, (v) the same interest payment periods, (vi) the same
currency denomination, and (vii) the same date of issuance (which, in the case
of a Note issued in exchange for another Note, shall be deemed for these
purposes the date on which such Note’s ultimate predecessor Note was issued),
are herein called a “Series” of
Notes. Capitalized terms used and not otherwise defined in this Agreement are
defined in Schedule B, unless such term is identified herein as defined in
Schedule BB; references to a “Schedule” or an
“Exhibit” are, unless otherwise
specified, to a Schedule or an Exhibit attached to this Agreement.

 1
 

2A.          Intentionally Omitted.

2B.          Purchase And Sale Of Notes.

2B(1).     Facility.
 Prudential is willing
to consider, in its sole discretion and within limits which may be authorized
for purchase by Prudential and Prudential Affiliates from time to time, the
purchase of Notes pursuant to this Agreement. 
The willingness of Prudential to consider such purchase of Notes is
herein called the “Facility.”  At any time, the aggregate principal amount
of Notes stated in Section 1, minus the aggregate principal amount of Notes
purchased and sold pursuant to this Agreement prior to such time, minus the
aggregate principal amount of Accepted Notes (as hereinafter defined) which
have not yet been purchased and sold hereunder prior to such time, is herein
called the “Available Facility Amount” at such
time.  For purposes of the preceding
sentence, the aggregate principal amount of Notes and Accepted Notes shall be
calculated in Dollars with the aggregate principal amount of Notes or Accepted
Notes denominated or to be denominated in any Available Currency other than
Dollars being converted to Dollars at the rate of exchange used by Prudential
to calculate the Dollar equivalent at the time of the applicable Acceptance
under Section 2B(5).  NOTWITHSTANDING THE WILLINGNESS OF PRUDENTIAL TO CONSIDER PURCHASES OF
NOTES, THIS AGREEMENT IS ENTERED INTO ON THE EXPRESS UNDERSTANDING THAT NEITHER
PRUDENTIAL NOR ANY PRUDENTIAL AFFILIATE SHALL BE OBLIGATED TO MAKE OR ACCEPT
OFFERS TO PURCHASE NOTES, OR TO QUOTE RATES, SPREADS OR OTHER TERMS WITH
RESPECT TO SPECIFIC PURCHASES OF NOTES, AND THE FACILITY SHALL IN NO WAY BE
CONSTRUED AS A COMMITMENT BY PRUDENTIAL OR ANY PRUDENTIAL AFFILIATE.

2B(2).     Issuance
Period.  Notes may be
issued and sold pursuant to this Agreement until the earlier of (i) the third
anniversary of the date of this Agreement (or if such anniversary is not a
Business Day, the Business Day next preceding such anniversary) and (ii) the
thirtieth day after Prudential shall have given to the Company, or the Company
shall have given to Prudential, written notice stating that it elects to
terminate the issuance and sale of Notes pursuant to this Agreement (or if such
thirtieth day is not a Business Day, the Business Day next preceding such
thirtieth day).  The period during which
Notes may be issued and sold pursuant to this Agreement is herein called the “Issuance Period.”

2B(3).     Request
For Purchase.  The Company
may from time to time during the Issuance Period make requests for purchases of
Notes (each such request being herein called a “Request for
Purchase”).  Each Request for
Purchase shall be made to Prudential by telefacsimile or overnight delivery
service to the applicable address set forth in the Information Schedule
attached hereto as Schedule A (the “Information Schedule”),
and shall (i) specify the aggregate principal amount and currency (which shall
be an Available Currency) of Notes covered thereby, which shall not be less
than the equivalent of $5,000,000 and not be greater than the Available
Facility Amount at the time such Request for Purchase is made, (ii) specify the
principal amounts, final maturities, principal prepayment dates and amounts and
interest payment periods (quarterly or semi-annual in arrears) of the Notes
covered thereby, (iii) specify the use of proceeds of such Notes, (iv) specify
the proposed day for the closing of the purchase and sale of

 2
 

such Notes, which shall be a Business Day during the
Issuance Period not less than seven Business Days and not more than 30 days
after the making of such Request for Purchase, (v) specify the number of the
account and the name and address of the depository institution to which the
purchase prices of such Notes are to be transferred on the Closing Day for such
purchase and sale, (vi) certify that the representations and warranties
contained in Section 5 are true on and as of the date of such Request for
Purchase and that there exists on the date of such Request for Purchase no
Event of Default or Default and (vii) be substantially in the form of Exhibit B
attached hereto.  Each Request for
Purchase shall be deemed made when received by Prudential.

2B(4).     Rate
Quotes.  Not later than
two Business Days after the Company shall have given Prudential a Request for
Purchase pursuant to Section 2B(3), Prudential may, but shall be under no
obligation to, provide to the Company by telephone or telefacsimile, in each
case between 9:30 a.m. and 2:00 p.m. New York City local time (or such later
time as Prudential may elect) interest rate quotes for the several principal
amounts, maturities, principal prepayment schedules, and interest payment
periods of Notes specified in such Request for Purchase.  Each quote shall represent the interest rate
per annum payable on the outstanding principal balance of such Notes at which
Prudential or a Prudential Affiliate would be willing to purchase such Notes at
100% of the principal amount thereof.

2B(5).     Acceptance.  Within 5 minutes after Prudential shall have
provided any interest rate quotes pursuant to Section 2B(4) or such shorter
period as Prudential may specify to the Company (such period herein called the “Acceptance Window”), the Company may, subject to Section 2B(6),
elect to accept such interest rate quotes as to not less than the equivalent of
$5,000,000 aggregate principal amount of the Notes specified in the related
Request for Purchase (in the Available Currency specified in the Request for
Purchase).  Such election shall be made
by an Authorized Officer of the Company notifying Prudential by telephone or in
person within the Acceptance Window that the Company elects to accept such
interest rate quotes, specifying the Notes (each such Note being herein called an
“Accepted Note”) as to which such
acceptance (herein called an “Acceptance”)
relates.  The day the Company notifies an
Acceptance with respect to any Accepted Notes is herein called the “Acceptance Day” for such Accepted Notes.  Any interest rate quotes as to which
Prudential does not receive an Acceptance within the Acceptance Window shall
expire, and no purchase or sale of Notes hereunder shall be made based on such
expired interest rate quotes.  Subject to
Section 2B(6) and the other terms and conditions hereof, the Company agrees to
sell to Prudential or a Prudential Affiliate, and Prudential agrees to
purchase, or to cause the purchase by a Prudential Affiliate of, the Accepted
Notes at 100% of the principal amount of such Notes. As soon as practicable
following the Acceptance Day, the Company, Prudential and each Prudential
Affiliate which is to purchase any such Accepted Notes will execute a
confirmation of such Acceptance substantially in the form of Exhibit C attached
hereto (herein called a “Confirmation of Acceptance”).

2B(6).     Market
Disruption. 
Notwithstanding the provisions of Section 2B(5), if Prudential shall
have provided interest rate quotes pursuant to Section 2B(4) and thereafter
prior to the time an Acceptance with respect to such quotes shall have been
notified to Prudential in accordance with Section 2B(5)(i) the domestic market
for U.S. Treasury securities or derivatives shall have closed or there shall
have occurred a general suspension, material limitation, or

 3
 

significant disruption of trading in securities
generally on the New York Stock Exchange or in the domestic market for U.S.
Treasury securities or derivatives, and (ii) in the case of Notes to be
denominated in a currency other than Dollars, in the market for the relevant government
securities (which, in the case of the Euro, shall be the German Bund) on the
spot or forward currency market, the financial futures market or the interest
rate swap market, then such interest rate quotes shall expire, and no purchase
or sale of Notes hereunder shall be made based on such expired interest rate
quotes.  If the Company thereafter
notifies Prudential of the Acceptance of any such interest rate quotes, such
Acceptance shall be ineffective for all purposes of this Agreement, and
Prudential shall promptly notify the Company that the provisions of this
Section 2B(6) are applicable with respect to such Acceptance.

2B(7).     Facility
Closings.  Not later
than 2:30 p.m. (New York City local time) on the Document Delivery Date for any
Accepted Notes, the Company will deliver to each Purchaser listed in the
Confirmation of Acceptance relating thereto at the offices of Prudential
Capital Group, San Francisco, California 94111 (or such other address as
Prudential may specify in writing), the Accepted Notes to be purchased by such
Purchaser in the form of one or more Notes in authorized denominations as such
Purchaser may request for each Series of Accepted Notes to be purchased on the
Closing Day, dated the Closing Day and registered in such Purchaser’s name (or,
if requested, in the name of its nominee), against payment of the purchase
price thereof by transfer of immediately available funds for credit to the
account or accounts specified in the Request for Purchase of such Notes.  If the Company fails to tender to any
Purchaser the Accepted Notes to be purchased by such Purchaser on the
applicable Document Delivery Date, or any of the conditions specified in
Section 3 shall not have been fulfilled by the time required on the applicable
Document Delivery Date, the Company shall, prior to 3:00 p.m., New York City
local time, on the applicable Document Delivery Date, notify Prudential (which
notification shall be deemed received by each Purchaser) in writing whether (i)
such closing is to be rescheduled (such rescheduled date to be a Business Day
during the Issuance Period not less than one Business Day and not more than 10
Business Days after such scheduled Closing Day (the “Rescheduled
Closing Day”)) and certify to Prudential (which certification shall
be for the benefit of each Purchaser) that the Company reasonably believes that
it will be able to comply with the conditions set forth in Section 3 on the
Document Delivery Date applicable to such Rescheduled Closing Day and that the
Company will pay the Delayed Delivery Fee in accordance with Section 2B(8)(iii)
or (ii) such closing is to be canceled and the Company will pay the
Cancellation Fee (if any) in accordance with Section 2B8(iv).  If a Rescheduled Closing Day is established
in respect of Notes denominated in a currency other than Dollars, the Notes
shall have the same maturity date, principal prepayment dates and amounts and
interest payment dates as originally scheduled. 
In the event that the Company shall fail to give such notice referred to
in the preceding sentence, Prudential (on behalf of each Purchaser) may at its
election, at any time after 3:00 p.m., New York City local time, on the
applicable Document Delivery Date, notify the Company in writing that such
closing is to be canceled.  Notwithstanding
anything to the contrary appearing in this Agreement, the Company may not elect
to reschedule a closing with respect to any given Accepted Notes on more than
one occasion, unless Prudential shall have otherwise consented in writing.

 4
 

2B(8).     Fees.

2B(8)(i).                 Structuring Fee.  At or before the time of the execution and
delivery of this Agreement by the Company and Prudential, the Company will pay
to or as directed by Prudential in immediately available funds a fee (together
with any fee described in the next succeeding sentence, the “Structuring Fee”) in an amount equal to $30,000.  On the date that the Subsidiary Guaranty is
executed and delivered, the Company will pay to or as directed by Prudential a
fee in an amount equal to $10,000 less the fees and expenses of Bingham
McCutchen LLP referenced in the penultimate sentence of Section 15.1 hereof.

2B(8)(ii).               Issuance
Fee.  The Company will
pay to each Purchaser in immediately available funds a fee (herein called the “Issuance Fee”) on or before each Closing Day in an amount
equal to 0.15% of the Dollar equivalent (as determined by Prudential at the
time of the applicable Acceptance) of the aggregate principal amount of Notes
to be sold to such Purchaser on such Closing Day.

2B(8)(iii).              Delayed Delivery Fee.
If the closing of the purchase and sale of any Accepted Note is delayed due to
the failure of the Company to timely satisfy any condition set forth in Section
3 for any reason beyond the original Closing Day for such Accepted Note, the
Company shall pay each Purchaser which shall have agreed to purchase such
Accepted Note,

(a)           in the case of an Accepted Note
denominated in Dollars, on the Cancellation Date or actual Closing Day of such
purchase and sale, a fee (herein called the “Dollar
Delayed Delivery Fee”) equal to the product of (i) the amount
determined by Prudential to be the amount by which the bond equivalent yield
per annum of such Accepted Note exceeds the average investment rate per annum
on alternative Dollar investments of the same credit quality as the Company and
having a maturity date or dates the same as, or closest to, the Rescheduled
Closing Day or Rescheduled Closing Days from time to time fixed for the delayed
delivery of such Accepted Note, (ii) the principal amount of such Accepted
Note, and (iii) a fraction the numerator of which is equal to the number of
actual days elapsed from and including the original Closing Day for such
Accepted Note to but excluding the date of such payment, and the denominator of
which is 360; or

(b)           in the case of an Accepted Note
denominated in a currency other than Dollars, on the Cancellation Date or the
actual Closing Day of such purchase and sale, a fee (herein called the “Non-Dollar Delayed Delivery Fee,” and, together with the
Dollar Delayed Delivery Fee, the “Delayed Delivery Fee”)
equal to the sum of (1) the product of (x) the amount, if any, by which the
rate of interest of such Accepted Note exceeds the Overnight Interest Rate on
each day from and including the original Closing Day for such Accepted Note,
(y) the principal amount of such Accepted Note, and (z) a fraction the
numerator of which is equal to the number of actual days elapsed from and
including the original Closing Day for such Accepted Note to but excluding the
date of such payment, and the denominator of which is 360 and (2) the
reasonable costs and expenses (if any) incurred by such Purchaser or its
affiliates with respect to any interest rate, currency exchange or similar
agreement entered into by the Purchaser or any such affiliate in connection
with the delayed closing of such Accepted Notes.

In no case shall the
Delayed Delivery Fee be less than zero. 
Nothing contained herein shall

 5
 

obligate any Purchaser to
purchase any Accepted Note on any day other than the Closing Day for such
Accepted Note, as the same may be rescheduled from time to time in compliance
with paragraph 2B(7).

2B(8)(iv).               Cancellation
Fee.  If the Company at any
time notifies Prudential in writing that the Company is canceling the closing
of the purchase and sale of any Accepted Note, or if Prudential notifies the
Company in writing under the circumstances set forth in the penultimate
sentence of Section 2B(7) that the closing of the purchase and sale of such
Accepted Note is to be canceled, or if the closing of the purchase and sale of
such Accepted Note is not consummated on or prior to the last day of the
Issuance Period (the date of any such notification, or the last day of the
Issuance Period, as the case may be, being herein called the “Cancellation Date”), the Company shall pay each Purchaser
which shall have agreed to purchase such Accepted Note in immediately available
funds on the Cancellation Date an amount (the “Cancellation
Fee”) equal to

(a)           in the case of an Accepted Note
denominated in Dollars, the product of (A) the principal amount of such
Accepted Note times (B) the quotient (expressed in decimals)
obtained by dividing (1) the excess, if any, 
of the ask price (as reasonably determined by Prudential) of the Hedge
Treasury Note(s) on the Cancellation Date over the bid price (as reasonably
determined by Prudential) of the Hedge Treasury Note(s) on the Acceptance Day
for such Accepted Note by (2) such bid price, with the foregoing bid and ask
prices as reported on such publicly available source of such market data as is
then customarily used by Prudential and rounded to the second decimal place
(such amount, the “US Cancellation Fee”);
or

(b)           in the case of an Accepted Note
denominated in a currency other than Dollars, the aggregate of the unwinding costs,
if any, incurred by such Purchaser or its affiliates on positions executed by
or on behalf of such Purchaser or such affiliates in connection with the
proposed lending in such currency and fixing the coupon in such currency (which
costs would include a US Cancellation Fee), provided, however, that any gain
realized upon either unwinding interest rate hedging arrangements or currency
swaps shall be offset against any unwinding costs incurred in either
instance.  Such positions include
currency and interest rate swaps, futures, forwards, government bond hedges and
currency exchange contracts, all of which are subject to substantial price
volatility.  Such costs may also include
losses incurred by such Purchaser or its affiliates as a result of fluctuations
in exchange rates.  All unwinding costs
incurred by such Purchaser shall be determined by Prudential or its affiliate
in accordance with generally accepted financial practices.

In no case shall the
Cancellation Fee be less than zero.

3.             Conditions
Of Closing.  On or
before the date on which this Agreement is executed and delivered by
Prudential, the Company shall pay $30,000 of the Structuring Fee.   On or before the date a Request for Purchase
is first submitted hereunder, the Company, the Guarantors, the banks party to
the Bank Credit Agreement, The Prudential Insurance Company of America, Pruco
Life Insurance Company, U.S. Private Placement Fund, Hartford Life Insurance
Company, ING Life Insurance Annuity Company and The Northwestern Mutual Life
Insurance

 6
 

Company shall have executed and delivered an amendment
and restatement of the master guaranty and intercreditor agreement dated as of
December 30, 2003, in form and substance satisfactory to Prudential, pursuant
to which the holders of any Notes issued hereunder will, subject to any
required delivery of a joinder thereto, receive the benefits of the such
agreement. The obligation of any Purchaser to purchase and pay for any Notes is
subject to the satisfaction, on or before the applicable Document Delivery
Date, of the following additional conditions:

3A.          Certain Documents.  Such Purchaser shall have received the
following, each dated the date of the applicable Closing Day (except in the
case of the items referenced in clause (viii)):

(i)            The Note(s) to be purchased by such
Purchaser.

(ii)           Certified copies of the resolutions
of the Board of Directors of the Company authorizing the execution and delivery
of this Agreement and the issuance of 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)         Certified copies of
the resolutions of the Board of Directors of each Major Subsidiary authorizing
the execution and delivery of the Subsidiary Guaranty, and of all documents
evidencing other necessary corporate action and governmental approvals, if any,
with respect to the Subsidiary Guaranty.

(iv)          A certificate of the secretary and one
other officer 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 or thereunder, and a certificate of
the secretary and one other officer of each Major Subsidiary certifying the
names and true signatures of the officers of that Major Subsidiary authorized
to sign the Subsidiary Guaranty and the other documents to be delivered
thereunder.

(v)            Certified copies of the Company’s
and each Major Subsidiary’s Certificate of Incorporation and Bylaws (or, if not
a corporation, similar governing documents) or, alternatively, certification
that no amendments or other modifications have been made thereto since the date
(if any) most recently certified to Prudential or other Purchasers.

(vi)          A favorable opinion of Eric Chen,
general counsel for the Company, (or such other counsel designated by the
Company and acceptable to Prudential) satisfactory to Prudential and
substantially in the form of Exhibit D attached hereto, and as to such other
matters as Prudential may reasonably request. 
The Company hereby directs such counsel to deliver such opinion, agrees
that the issuance and sale of any Notes will constitute a reconfirmation of
such direction, and understands and agrees that each Purchaser receiving such
opinion will and is hereby authorized to rely on such opinion.

(vii)         A good standing certificate for the
Company from the Secretaries of State of the States of Delaware and California
dated as of a recent date and such other evidence of the status of the Company
as Prudential may reasonably request.

 7
 

(viii)        If
not previously provided to Prudential, copies of all amendments to the
Bank Credit Agreement.

(ix)          If any Purchaser is not a “Guarantied
Party” under the Subsidiary Guaranty, a Joinder of such Purchaser in the form
of Exhibit A to the Subsidiary Guaranty.

(x)           Additional documents or certificates
with respect to legal matters or corporate or other proceedings related to the
transactions contemplated hereby as may be reasonably requested by Prudential.

3B.          Representations
And Warranties; No Default. 
The representations and warranties of the Company contained in Section 5
of this Agreement shall be true on and as of such Closing Day; the
representations and warranties of each of the Guarantors contained in the
Subsidiary Guaranty shall be true on and as of such Closing Day; the Company
and each of the Guarantors shall have performed and complied with all
agreements and conditions contained in this Agreement and the Subsidiary
Guaranty required to be performed or complied with by it and by them prior to
or at such Closing Day and after giving effect to the issue and sale of the
Notes on such Closing Day; there shall exist on such Closing Day no Event of
Default or Default; the Company shall have delivered to such Purchaser an
Officer’s Certificate, dated such Closing Day, to all such effects; and each
Major Subsidiary shall have delivered to such Purchaser an Officer’s
Certificate, dated such Closing Day, to all such effects (insofar as they apply
to that Major Subsidiary).

3C.          Purchase
Permitted By Applicable Laws. 
The purchase of and payment for the Notes to be purchased by such
Purchaser on the terms and conditions herein provided (including the use of the
proceeds of such Notes by the Company) shall not violate any applicable law or
governmental regulation (including, without limitation, Section 5 of the
Securities Act or Regulation U, T or X of the Board of Governors of the Federal
Reserve System) and shall not subject such Purchaser to any tax, penalty, liability
or other onerous condition under or pursuant to any applicable law or
governmental regulation, and such Purchaser shall have received such
certificates or other evidence as it may request to establish compliance with
this condition.

3D.          Payment
Of Fees.  The Company
shall have paid to Prudential any fees due it pursuant to or in connection with
this Agreement, including the Structuring Fee due pursuant to Section 2B8(i),
any Issuance Fee due pursuant to Section 2B(8)(ii) and any Delayed Delivery Fee
due pursuant to Section 2B(8)(iii).

4.             [Intentionally
Omitted.]

5.             Representations
And Warranties Of The Company.  The Company represents and warrants that:

5.1.         Organization; Power And Authority.  The Company is a corporation duly organized,
validly existing and in good standing under the laws of its jurisdiction of
incorporation, and is duly qualified as a foreign corporation and is in good
standing in each jurisdiction in which such qualification is required by law,
other than those jurisdictions as to

 8
 

which the failure to be so qualified or in good
standing could not, individually or in the aggregate, reasonably be expected to
have a Material Adverse Effect.  The
Company and each Subsidiary has the corporate or other power and authority to
own or hold under lease the properties it purports to own or hold under lease,
to transact the business it transacts and proposes to transact, to execute and
deliver this Agreement, the Notes, and the Subsidiary Guaranty (as applicable),
and to perform the provisions hereof and thereof.

5.2.         Authorization, Etc.  This Agreement, the Notes, and the Subsidiary
Guaranty have been duly authorized by all necessary corporate or other action
on the part of the Company and each Subsidiary party thereto, and this
Agreement constitutes, and upon execution and delivery thereof each Note and
the Subsidiary Guaranty will constitute, a legal, valid and binding obligation,
enforceable against the Company and each Subsidiary party thereto in accordance
with its terms, except as such enforceability may be limited by (i) applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws
affecting the enforcement of creditors’ rights generally and (ii) general
principles of equity (regardless of whether such enforceability is considered
in a proceeding in equity or at law).

5.3.         Disclosure.  Neither this Agreement nor any other
document, certificate or statement furnished to any Purchaser by or on behalf
of the Company or any Subsidiary in connection herewith contains any untrue
statement of a material fact or omits to state a material fact necessary in
order to make the statements contained herein and therein not misleading in
light of the circumstances under which they were made.  Since the date of the most recent audited
balance sheet delivered pursuant to Section 7.1(b), or if no such balance sheet
has been delivered, the most recent audited balance sheet referred to in
Section 5.5, there has been no change in the financial condition, operations,
business, properties or prospects of the Company or any Restricted Subsidiary
except changes that individually or in the aggregate could not reasonably be
expected to have a Material Adverse Effect. 
There is no fact known to the Company that could reasonably be expected
to have a Material Adverse Effect that has not been set forth herein or in the
other documents, certificates and other writings delivered to Prudential by or
on behalf of the Company specifically for use in connection with the
transactions contemplated hereby.

5.4.         Ownership Of Shares Of Subsidiaries.

(a)           Schedule 5.4 contains a complete and
correct list of the Company’s Subsidiaries, and identification of those which
are Restricted Subsidiaries.

(b)           Each Restricted Subsidiary identified
in Schedule 5.4 is a corporation or other legal entity duly organized, validly
existing and in good standing under the laws of its jurisdiction of
organization, and is duly qualified as a foreign corporation or other legal
entity and is in good standing in each jurisdiction in which such qualification
is required by law, other than those jurisdictions as to which the failure to
be so qualified or in good standing could not, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect.  Each such Restricted Subsidiary has the
corporate or other power and authority to own or hold under lease the
properties it purports to own or hold under lease and to transact the business
it transacts and proposes to transact.

 9
 

(c)           No Restricted Subsidiary is a party
to, or otherwise subject to any legal restriction or any agreement (other than
the Subsidiary Guaranty, the agreements listed on Schedule 5.4 and customary
limitations imposed by corporate law statutes) restricting the ability of such
Restricted Subsidiary to pay dividends out of profits or make any other similar
distributions of profits to the Company or any of its Restricted Subsidiaries
that owns outstanding shares of capital stock or similar equity interests of
such Restricted Subsidiary.

5.5.         Financial Statements.  The Company has furnished each Purchaser of
any Accepted Notes with the following financial statements:  (i) a consolidated balance sheet of the
Company and its Subsidiaries and a consolidated balance sheet of the Company
and its Restricted Subsidiaries as of the last day in each of the five fiscal
years of the Company most recently completed prior to the date as of which this
representation is made or repeated to such Purchaser (other than fiscal years
completed within 120 days prior to such date for which audited financial
statements have not been released) and consolidated statements of income, cash
flows and shareholders’ equity of the Company and its Subsidiaries and
consolidating statements of income, cash flows and shareholders’ equity of the
Company and its Restricted Subsidiaries for each such year (other than fiscal
years completed within 120 days prior to such date for which audited financial
statements have not been released), all such consolidated statements certified
by independent certified public accountants of recognized national standing
(provided that the consolidated financial statements of the Company and its
Restricted Subsidiaries for any particular year need not be so certified if
Unrestricted Subsidiaries, then as a whole, do not either (A) constitute five
percent (5%) or more of the total assets of the Company and its Subsidiaries
shown on the consolidated balance sheet of the Company and its Subsidiaries for
that year or (B) contribute five percent (5%) or more of the total net income
of the Company and its Subsidiaries shown on the corresponding consolidated
financial statements of the Company and its Subsidiaries for that year); and
(ii) unaudited consolidated balance sheets of the Company and each of its
Restricted Subsidiaries as at the end of the quarterly period (if any) most
recently completed prior to such date and after the end of the most recent
fiscal year (other than quarterly periods completed within 60 days prior to
such date for which financial statements have not been released) and the
comparable quarterly period in the preceding fiscal year and unaudited
consolidated statements of income, cash flows and shareholders’ equity of the
Company and its Restricted Subsidiaries for the periods from the beginning of
the fiscal years in which such quarterly periods are included to the end of
such quarterly periods, prepared by the Company.  Such financial statements (including any
related schedules and/or notes) are true and correct in all material respects
(subject, as to interim statements, to changes resulting from year-end
adjustments), have been prepared in accordance with GAAP consistently applied
throughout the periods involved and show all liabilities, direct and
contingent, of the Company and its Subsidiaries (and where applicable, the
Company and its Restricted Subsidiaries) required to be shown in accordance
with such principles.  The balance sheets
fairly present the condition of the Company and its Subsidiaries (and where
applicable, the Company and its Restricted Subsidiaries) as at the dates
thereof, and the statements of income and cash flows fairly present the results
of their operations for the periods indicated. No event has occurred since the
end of the most recent fiscal year for which such audited financial statements
have been furnished which has had or could reasonably be expected to have a
Material Adverse Effect.

 10

5.6.                            Compliance
With Laws, Other Instruments, Etc. 
The execution, delivery and performance of this Agreement, the Notes,
and the Subsidiary Guaranty by the Company and each Subsidiary party thereto
will not (i) contravene, result in any breach of, or constitute a default
under, or result in the creation of any Lien in respect of any property of the
Company or any Restricted Subsidiary under, any indenture, mortgage, deed of
trust, loan, purchase or credit agreement, lease, corporate charter or by-laws,
or any other agreement or instrument to which the Company or any of its
Restricted Subsidiaries is bound or by which the Company or any of its
Restricted Subsidiaries or any of their respective properties may be bound or
affected, (ii) conflict with or result in a breach of any of the terms,
conditions or provisions of any order, judgment, decree, or ruling of any
court, arbitrator or Governmental Authority applicable to the Company or any of
its Restricted Subsidiaries or (iii) violate any provision of any statute or
other rule or regulation of any Governmental Authority applicable to the
Company or any of its Restricted Subsidiaries.

5.7.                            Governmental
Authorizations, Etc.  No consent,
approval or authorization of, or registration, filing or declaration with, any
Governmental Authority is required in connection with the execution, delivery
or performance of this Agreement, the Notes or the Subsidiary Guaranty by the
Company or any Subsidiary party thereto.

5.8.                            Litigation;
Observance Of Agreements, Statutes And Orders.

(a)                                  Except
as set forth on Schedule 5.8, there are no actions, suits or proceedings
pending or, to the knowledge of the Company, threatened against or affecting
the Company or any of its Restricted Subsidiaries or any property of the
Company or any of its Restricted Subsidiaries in any court or before any
arbitrator of any kind or before or by any Governmental Authority that,
individually or in the aggregate, could reasonably be expected to have a
Material Adverse Effect.

(b)                                  Neither
the Company nor any of its Restricted Subsidiaries are in default under any
term of any agreement or instrument to which they are a party or by which they
are bound, or any order, judgment, decree, or ruling of any court, arbitrator
or Governmental Authority or are in violation of any applicable law, ordinance,
rule or regulation (including without limitation Environmental Laws) of any
Governmental Authority, which default or violation, individually or in the
aggregate, could reasonably be expected to have a Material Adverse Effect.

5.9.                            Taxes.  The Company and its Subsidiaries have filed
all tax returns that are required to have been filed in any jurisdiction, and
have paid all taxes shown to be due and payable on such returns and all other
taxes and assessments levied upon them or their properties, assets, income or
franchises, to the extent such taxes and assessments have become due and
payable and before they have become delinquent, except for any taxes and
assessments (i) the amount of which is not individually or in the aggregate
Material or (ii) the amount, applicability or validity of which is currently
being contested in good faith by appropriate proceedings and with respect to
which such Company or its Subsidiaries, as the case may be, has established
adequate reserves in accordance with GAAP. 
The Company has no knowledge of any basis for any other tax or
assessment that could reasonably be expected to have a Material Adverse Effect.

 11
 

The charges, accruals and reserves on the books of the
Company and its Subsidiaries in respect of federal, state or other taxes for
all fiscal periods are adequate.

5.10.                     Title To
Property; Leases.  The Company and
its Restricted Subsidiaries have good and sufficient title to their respective
properties that individually or in the aggregate are Material, including all
such properties reflected in the most recent audited balance sheet delivered
pursuant to Section 7.1(b), or if no such balance sheet has been delivered, the
most recent audited balance sheet referred to in Section 5.5, or purported to
have been acquired by the Company or any of its Restricted Subsidiaries after
said date (except as sold or otherwise disposed of in the ordinary course of
business), in each case free and clear of Liens prohibited by this Agreement.  All leases that individually or in the
aggregate are Material are valid and subsisting and are in full force and
effect in all material respects.

5.11.                     Licenses,
Permits, Etc.

(a)                                  The
Company and its Restricted Subsidiaries own or possess all licenses, permits,
franchises, authorizations, patents, copyrights, service marks, trademarks and
trade names, or rights thereto, that individually or in the aggregate are
Material without known conflict with the rights of others;

(b)                                  To
the best knowledge of the Company, no product of the Company infringes in any
material respect any license, permit, franchise, authorization, patent,
copyright, service mark, trademark, trade name or other right owned by any
other Person; and

(c)                                  To
the best knowledge of the Company, there is no Material violation by any Person
of any right of the Company or any of its Restricted Subsidiaries with respect
to any patent, copyright, service mark, trademark, trade name or other right
owned or used by the Company or any of its Restricted Subsidiaries.

5.12.                     Compliance
With ERISA.

(a)                                  The
Company and each ERISA Affiliate have operated and administered each Plan in
compliance with all applicable laws except for such instances of noncompliance
as have not resulted in and could not reasonably be expected to result in a
Material Adverse Effect.  Neither the
Company nor any ERISA Affiliate has incurred any Material liability pursuant to
Title I or IV of ERISA or the penalty or excise tax provisions of the Code
relating to employee benefit plans (as defined in Section 3 of ERISA).  No event, transaction or condition has
occurred or exists that could reasonably be expected to result in the
incurrence of any such liability by the Company or any ERISA Affiliate, or in
the imposition of any Lien on any of the rights, properties or assets of the
Company or any ERISA Affiliate, in either case pursuant to Title I or IV of
ERISA, or to such penalty or excise tax provisions or to Section 401(a)(29) or
412 of the Code, other than such liabilities or Liens as have not resulted in
and could not reasonably be expected to result in a Material Adverse Effect.

(b)                                  The
aggregate “amount of unfunded benefit liabilities” (within the meaning of
Section 4001(a)(18) of ERISA) under all Plans (other than Multiemployer Plans),

 12
 

determined for each Plan as of the end of such Plan’s
most recently ended plan year on the basis of the actuarial assumptions
specified for funding purposes pursuant to Section 412(c)(3) of the Code in
such Plan’s most recent actuarial valuation report, does not exceed
$20,000,000.

(c)                                  The
Company and its ERISA Affiliates have not incurred withdrawal liabilities (and
are not subject to contingent withdrawal liabilities) under section 4201 or
4204 of ERISA in respect of Multiemployer Plans that individually or in the
aggregate are Material.

(d)                                  The
expected post-retirement benefit obligation (determined as of the last day of
the Company’s most recently ended fiscal year in accordance with Financial
Accounting Standards Board Statement No. 106, without regard to liabilities
attributable to continuation coverage mandated by section 4980B of the Code) of
the Company and its Subsidiaries, to the extent not reflected in the
consolidated financial statements of the Company, is not Material.

(e)                                  The
execution and delivery of this Agreement and the Subsidiary Guaranty and the
issuance and sale of the Notes hereunder will not involve any transaction that
is subject to the prohibitions of section 406 of ERISA or in connection with
which a tax could be imposed pursuant to section 4975(c)(1)(A)-(D) of the
Code.  The representation by the Company
in the first sentence of this Section 5.12(e) is made in reliance upon and
subject to the accuracy of each Purchaser’s representation in Section 6.2 as to
the sources of the funds used to pay the purchase price of the Notes to be
purchased by such Purchaser.

5.13.                     Private
Offering. Neither the Company nor anyone acting on its behalf has offered
the Notes or any similar securities for sale to, or solicited any offer to buy
any of the same from, or otherwise approached or negotiated in respect thereof
with, any person other than the Purchasers, each of which has been offered the
Notes at a private sale for investment. Neither the Company nor anyone acting
on its behalf has taken, or will take, any action that would subject the
issuance or sale of the Notes to the registration requirements of Section 5 of
the Securities Act or to the registration or prospectus filing provisions of
any other securities or blue sky law of any applicable jurisdiction within the
United States.

5.14.                     Use Of
Proceeds; Margin Regulations.  None
of the proceeds of the sale of any Notes will be used, directly or indirectly,
for the purpose, whether immediate, incidental or ultimate, of purchasing or
carrying any “margin stock” as defined in Regulation U (12 CFR part 207) of the
Board of Governors of the Federal Reserve System (herein called “margin stock”) or for the purpose of maintaining, reducing
or retiring any Indebtedness which was originally incurred to purchase or carry
any stock that is then currently a margin stock or for any other purpose which
might constitute the purchase of such Notes a “purpose credit” within the
meaning of such Regulation U, unless the Company shall have delivered to the
Purchaser which is purchasing such Notes, on the Document Delivery Date for
such Notes, an opinion of counsel satisfactory to such Purchaser stating that
the purchase of such Notes does not constitute a violation of such Regulation
U. Neither the Company nor any agent acting on its or their behalf has taken or
will take any action which might cause this Agreement or the Notes to violate
Regulation U, Regulation T or any other regulation of the Board of Governors of
the Federal

 13
 

Reserve System or to violate the Exchange Act, in each
case as in effect now or as the same may hereafter be in effect.

5.15.                     Existing
Indebtedness, Liens and Investments. 
Neither the Company nor any of its Restricted Subsidiaries has
outstanding any Indebtedness except as permitted by Section 10.  Neither the Company nor any Restricted
Subsidiary is in default and no waiver of default is currently in effect, in
the payment of any principal or interest on any Indebtedness of the Company or
such Restricted Subsidiary and no event or condition exists with respect to any
Indebtedness of the Company or any Restricted Subsidiary that would permit (or
that with notice or the lapse of time, or both, would permit) one or more
Persons to cause such Indebtedness to become due and payable before its stated
maturity or before its regularly scheduled dates of payment.  Neither the Company nor any of its Restricted
Subsidiaries has agreed or consented to, nor have they agreed to cause or
permit in the future (upon the happening of a contingency or otherwise), any of
their property, whether now owned or hereafter acquired, to be subject to a
Lien not permitted by Section 10.3. 
Neither the Company nor any of its Restricted Subsidiaries has
outstanding any Investments except as described in clauses (a) through (i) of
the definition of “Restricted Investments.”

5.16.                     Foreign
Assets Control Regulations, Etc.  (i)
Neither the sale of the Notes by the Company hereunder nor its use of the
proceeds thereof will violate the Trading with the Enemy Act, as amended, or
any of the foreign assets control regulations of the United States Treasury
Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling
legislation or executive order relating thereto.

(ii)                                  Neither
the Company nor any Subsidiary (a) is a Person described or designated in the
Specially Designated Nationals and Blocked Persons List of the Office of
Foreign Assets Control or in Section 1 of the Anti-Terrorism Order or (b) to
the knowledge of the Company, engages in any dealings or transactions with any
such Person.  The Company and its
Subsidiaries are in compliance, in all material respects, with the USA Patriot
Act.

(iii)                               No
part of the proceeds from the sale of the Notes hereunder will be used,
directly or indirectly, for any payments to any governmental official or
employee, political party, official of a political party, candidate for
political office, or anyone else acting in an official capacity, in order to
obtain, retain or direct business or obtain any improper advantage, in
violation of the United States Foreign Corrupt Practices Act of 1977, as
amended, assuming in all cases that such Act applies to the Company.

5.17.                     Status Under
Certain Statutes.  Neither the
Company nor any of its Restricted Subsidiaries is subject to regulation under
the Investment Company Act of 1940, as amended, the Public Utility Holding
Company Act of 1935, as amended, or the Federal Power Act, as amended.

5.18.                     Environmental
Matters.  Neither the Company nor any
of its Subsidiaries has knowledge of any claim or have received any notice of
any claim, and no proceeding has been instituted raising any claim against the
Company or any of its Subsidiaries or any of their respective real properties
now or formerly owned, leased or operated by any of

 14
 

them or other assets, alleging any damage to the
environment or violation of any Environmental Laws except, in each case, such
as could not reasonably be expected to result in a Material Adverse Effect.

Except as set forth on Schedule 5.18 (as modified from
time to time with the written consent of Prudential),

(a)                                  neither
the Company nor any of its Subsidiaries has knowledge of any facts which would
give rise to any claim, public or private, of violation of Environmental Laws
or damage to the environment emanating from, occurring on or in any way related
to real properties now or formerly owned, leased or operated by any of them or
to other assets or their use, except, in each case, such as could not
reasonably be expected to result in a Material Adverse Effect;

(b)                                  neither
the Company nor any of its Subsidiaries has knowledge of any facts concerning
storage of any Hazardous Materials on real properties now or formerly owned,
leased or operated by any of them and have not disposed of any Hazardous
Materials in a manner contrary to any Environmental Laws in each case in any
manner that could reasonably be expected to result in a Material Adverse
Effect; and

(c)                                  all
buildings on all real properties now owned, leased or operated by the Company
or any of its Subsidiaries are in compliance with applicable Environmental
Laws, except where failure to comply could not reasonably be expected to result
in a Material Adverse Effect.

6.                                      Representations
Of The Purchasers.

6.1.                            Purchase
For Investment.  Each Purchaser
represents for itself only that it is purchasing the Notes for its own account
or for one or more separate accounts maintained by it or for the account of one
or more pension or trust funds and not with a view to the distribution thereof,
provided that the disposition of its or their property shall at all times be
within its or their control.  Each
Purchaser understands that the Notes have not been registered under the
Securities Act and may be resold only if registered pursuant to the provisions
of the Securities Act or if an exemption from registration is available, except
under circumstances where neither such registration nor such an exemption is
required by law, and that the Company is not required to register the Notes.

6.2                               Source
Of Funds.  Each Purchaser represents
that at least one of the following statements is an accurate representation as
to each source of funds (a “Source”) to be used by it to pay the purchase price
of the Notes to be purchased by it hereunder:

(a)                                  the
Source is an “insurance company general account” (as the term is defined in the
United States Department of Labor’s Prohibited Transaction Exemption (“PTE”) 95-60) in respect of which the
reserves and liabilities (as defined by the annual statement for life insurance
companies approved by the National Association of Insurance Commissioners (the “NAIC Annual Statement”)) for the general
account contract(s) held by or on behalf of any

 15
 

employee benefit plan together with the amount of the
reserves and liabilities for the general account contract(s) held by or on
behalf of any other employee benefit plans maintained by the same employer (or
affiliate thereof as defined in PTE 95-60) or by the same employee organization
in the general account do not exceed 10% of the total reserves and liabilities
of the general account (exclusive of separate account liabilities) plus surplus
as set forth in the NAIC Annual Statement filed with such Purchaser’s state of
domicile; or

(b)                                 the
Source is a separate account that is maintained solely in connection with such
Purchaser’s fixed contractual obligations under which the amounts payable, or
credited, to any employee benefit plan (or its related trust) that has any
interest in such separate account (or to any participant or beneficiary of such
plan (including any annuitant)) are not affected in any manner by the
investment performance of the separate account; or

(c)                                  the
Source is either (i) an insurance company pooled separate account, within the
meaning of PTE 90-1 or (ii) a bank collective investment fund, within the
meaning of the PTE 91-38 and, except as disclosed by such Purchaser to the
Company in writing pursuant to this clause (c), no employee benefit plan or
group of plans maintained by the same employer or employee organization
beneficially owns more than 10% of all assets allocated to such pooled separate
account or collective investment fund; or

(d)                                 the
Source constitutes assets of an “investment fund” (within the meaning of Part V
of PTE 84-14 (the “QPAM Exemption”))
managed by a “qualified professional asset manager” or “QPAM” (within the
meaning of Part V of the QPAM Exemption), no employee benefit plan’s assets
that are included in such investment fund, when combined with the assets of all
other employee benefit plans established or maintained by the same employer or
by an affiliate (within the meaning of Section V(c)(1) of the QPAM Exemption)
of such employer or by the same employee organization and managed by such QPAM,
exceed 20% of the total client assets managed by such QPAM, the conditions of
Part I(c) and (g) of the QPAM Exemption are satisfied, neither the QPAM nor a
person controlling or controlled by the QPAM (applying the definition of “control”
in Section V(e) of the QPAM Exemption) owns a 5% or more interest in the
Company and (i) the identity of such QPAM and (ii) the names of all employee
benefit plans whose assets are included in such investment fund have been
disclosed to the Company in writing pursuant to this clause (d); or

(e)                                  the
Source constitutes assets of a “plan(s)” (within the meaning of Section IV of
PTE 96-23 (the “INHAM Exemption”))
managed by an “in-house asset manager” or “INHAM” (within the meaning of Part
IV or the INHAM exemption), the conditions of Part I(a), (g) and (h) of the
INHAM Exemption are satisfied, neither the INHAM nor a person controlling or
controlled by the INHAM (applying the definition of “control” in Section IV(h)
of the INHAM Exemption) owns a 5% or more interest in the Company and (i) the
identity of such INHAM and (ii) the name(s) of the employee benefit plan(s)
whose assets constitute the Source have been disclosed to the Company in
writing pursuant to this clause (e); or

(f)                                    the
Source is a governmental plan; or

 16
 

(g)                                 the
Source is one or more employee benefit plans, or a separate account or trust
fund comprised of one or more employee benefit plans, each of which has been
identified to the Company in writing pursuant to this clause (g); or

(h)                                 the
Source does not include assets of any employee benefit plan, other than a plan
exempt from the coverage of ERISA.

As used in this Section 6.2,
the terms “employee benefit plan”, “governmental plan”, and “separate account”
shall have the respective meanings assigned to such terms in Section 3 of
ERISA.

7.                                      Information
As To The Company.    The Company covenants that during the
Issuance Period and so long thereafter as any Notes are outstanding:

7.1.                            Financial
And Business Information.  The
Company shall deliver, or cause to be delivered, to each holder of Notes that
is an Institutional Investor:

(a)                                  Quarterly
Statements — within 45 days after the end of each quarterly fiscal period
in each fiscal year of the Company (other than the last quarterly fiscal period
of each such fiscal year) duplicate copies of,

(i)                                    a
consolidated balance sheet of the Company and its Restricted Subsidiaries as at
the end of such quarter, and

(ii)                                consolidated
statements of income, changes in shareholders’ equity and cash flows of the
Company and its Restricted Subsidiaries, for such quarter and (in the case of
the second and third quarters) for the portion of the fiscal year ending with
such quarter,

setting forth, in each case in comparative form the
figures for the corresponding periods in the previous fiscal year, all in
reasonable detail, prepared in accordance with GAAP applicable to quarterly
financial statements generally and certified by a Senior Financial Officer as
fairly presenting, in all material respects, the financial position of the
companies being reported on and their results of operations and cash flows,
subject to changes resulting from year-end adjustments;

(b)                                  Annual
Statements — within 120 days after the end of each fiscal year of the
Company, duplicate copies of,

(i)                                    a
consolidated balance sheet of the Company and its Subsidiaries and a
consolidated balance sheet of the Company and its Restricted Subsidiaries, each
as at the end of such year, and

(ii)                                consolidated
statements of income, changes in shareholders’ equity and cash flows of the
Company and its Subsidiaries and consolidating

 17
 

statements of income, changes in shareholders’ equity
and cash flows of the Company and its Restricted Subsidiaries, each for such
year, setting forth, in each case in comparative form the figures for the
previous fiscal year, all in reasonable detail, prepared in accordance with
GAAP and accompanied by

(A)                               an
opinion thereon of independent certified public accountants of recognized
national standing, which opinion shall state that such consolidated financial
statements present fairly, in all material respects, the financial position of
the companies being reported upon and their results of operations and cash
flows and have been prepared in conformity with GAAP, and that the examination
of such accountants in connection with such financial statements has been made
in accordance with generally accepted auditing standards, and that such audit
provides a reasonable basis for such opinion in the circumstances, provided, however, that the consolidated financial
statements of the Company and its Restricted Subsidiaries need not be
accompanied by the opinion described in this clause (A) if Unrestricted
Subsidiaries, then as a whole, do not either (i) constitute five percent (5%)
or more of the total assets of the Company and its Subsidiaries shown on the
consolidated balance sheet of the Company and its Subsidiaries described in
clause 7.1(b)(i) above or (ii) contribute five percent (5%) or more of the
total net income of the Company and its Subsidiaries shown on the consolidated
financial statements of the Company and its Subsidiaries described in clause
7.1(b)(ii) above, and

(B)                               a
report of such accountants stating that they have reviewed the financial
covenants contained in Section 10 of this Agreement and stating further that,
in making their audit, they have not become aware of any condition or event
that then constitutes a Default or an Event of Default with respect to such
covenants, and, if they become aware that any such condition or event then
exists, the nature and period of the existence thereof will be included in
their report (it being understood that such accountants shall not be liable,
directly or indirectly, for any failure to obtain knowledge of any Default or
Event of Default unless such accountants should have obtained knowledge thereof
in making an audit in accordance with generally accepted auditing standards or
did not make such an audit);

(c)                                  SEC
And Other Reports — promptly upon their becoming available, one copy of (i)
each financial statement, report, notice or proxy statement sent by the Company
or any Restricted Subsidiary to public securities holders generally, and (ii)
each regular or periodic report, each registration statement (without exhibits
except as expressly requested by such holder), and each prospectus and all
amendments thereto filed by the Company or any Restricted Subsidiary with the
Securities and Exchange Commission and of all press releases and other
statements made available generally by the Company or any Restricted Subsidiary
to the public concerning developments that are Material;

(d)                                  Notice
Of Default Or Event Of Default — promptly, and in any event within five
days after a Responsible Officer becoming aware of the existence of any Default
or Event of Default or that any Person has given any notice or taken any action
with respect to a claimed default hereunder or that any Person has given any
notice or taken any action with respect to a claimed default of the type
referred to in Section 11(f), a written notice

 18
 

specifying the nature and period of existence thereof
and what action the Company is taking or proposes to take with respect thereto;

(e)                                  ERISA
Matters — promptly, and in any event within five days after a Responsible
Officer becoming aware of any of the following, a written notice setting forth
the nature thereof and the action, if any, that the Company or an ERISA
Affiliate proposes to take with respect thereto:

(i)                                    with
respect to any Plan, any reportable event, as defined in section 4043(b) of
ERISA and the regulations thereunder, for which notice thereof has not been
waived pursuant to such regulations; or

(ii)                                the
taking by the PBGC of steps to institute, or the threatening by the PBGC of the
institution of, proceedings under section 4042 of ERISA for the termination of,
or the appointment of a trustee to administer, any Plan, or the receipt by the
Company or any ERISA Affiliate of a notice from a Multiemployer Plan that such
action has been taken by the PBGC with respect to such Multiemployer Plan; or

(iii)                            any
event, transaction or condition that could result in the incurrence of any
liability by the Company or any ERISA Affiliate pursuant to Title I or IV of
ERISA or the penalty or excise tax provisions of the Code relating to employee
benefit plans, or in the imposition of any Lien on any of the rights,
properties or assets of the Company or any ERISA Affiliate pursuant to Title I
or IV of ERISA or such penalty or excise tax provisions, if such liability or
Lien, taken together with any other such liabilities or Liens then existing,
could reasonably be expected to have a Material Adverse Effect;

(f)                                    Notices
From Governmental Authority — promptly, and in any event within 30 days of
receipt thereof, copies of any notice to the Company or any Subsidiary from any
Federal or state Governmental Authority relating to any order, ruling, statute
or other law or regulation that could reasonably be expected to have a Material
Adverse Effect; and

(g)                                 Requested
Information — with reasonable promptness, such other data and information
relating to the business, operations, affairs, financial condition, assets or
properties of the Company or any of its Restricted Subsidiaries or relating to
the ability of the Company to perform its obligations hereunder and under the
Notes as from time to time may be reasonably requested by any such holder of
Notes.

7.2.                            Officer’s
Certificate.  Each set of financial
statements delivered to a holder of Notes pursuant to Section 7.1(a) or Section
7.1(b)  hereof shall be accompanied by a
certificate of a Senior Financial Officer setting forth:

(a)                                  Covenant
Compliance — the information (including detailed calculations) required in
order to establish whether the Company was in compliance with the requirements
of Section 10.3 through Section 10.9 hereof, inclusive, during the quarterly or
annual period covered by the statements then being furnished (including with respect
to each such Section, where applicable, the calculations of the maximum or
minimum amount, ratio or

 19
 

percentage, as the case may be, permissible under the
terms of such Sections, and the calculation of the amount, ratio or percentage
then in existence); and

(b)                                  Event
Of Default — a statement that such officer has reviewed the relevant terms
hereof and has made, or caused to be made, under his or her supervision, a
review of the transactions and conditions of the Company and its Restricted
Subsidiaries from the beginning of the quarterly or annual period covered by
the statements then being furnished to the date of the certificate and that
such review shall not have disclosed the existence during such period of any
condition or event that constitutes a Default or an Event of Default or, if any
such condition or event existed or exists (including, without limitation, any
such event or condition resulting from the failure of the Company or any
Subsidiary to comply with any Environmental Law), specifying the nature and
period of existence thereof and what action the Company shall have taken or
proposes to take with respect thereto.

7.3.                            Inspection.  The Company shall permit the representatives
of each holder of Notes that is an Institutional Investor:

(a)                                  No
Default — if no Default or Event of Default then exists, at the expense of
such holder and upon reasonable prior notice to the Company, to visit the
principal executive office of the Company, to discuss the affairs, finances and
accounts of the Company and its Restricted Subsidiaries with the Company’s
officers, and (with the consent of the Company, which consent will not be
unreasonably withheld) its independent public accountants, and (with the
consent of the Company, which consent will not be unreasonably withheld) to
visit the other offices and properties of the Company and each Restricted
Subsidiary, all at such reasonable times and as often as may be reasonably
requested in writing; and

(b)                                  Default
— if a Default or Event of Default then exists, at the expense of the Company
to visit and inspect any of the offices or properties of the Company or any
Restricted Subsidiary, to examine all their respective books of account,
records, reports and other papers, to make copies and extracts therefrom, and to
discuss their respective affairs, finances and accounts with their respective
officers and independent public accountants (and by this provision the Company
authorizes said accountants to discuss the affairs, finances and accounts of
the Company and its Restricted Subsidiaries), all at such times and as often as
may be requested.

8.                                      Prepayment
Of The Notes.

8.1.                            Prepayments
Of Notes.  The Notes of each Series
shall be subject to prepayment only with respect to the optional prepayments
permitted by Section 8.2 and as may be required (if at all) by the Notes of
such Series.

8.2.                            Optional
Prepayments With Make-Whole Amount. 
The Company may, at its option, upon notice as provided below, prepay at
any time all, or from time to time any part of, the Notes of any Series (to the
exclusion of all other Series) at 100% of the principal amount so prepaid, plus
the Make-Whole Amount determined for the prepayment date with respect to such
principal amount.  Any partial prepayment
shall be in an amount not less than the

 20
 

equivalent of $1,000,000 or, if less, the aggregate
principal amount of the Notes of such Series then outstanding.  The Company will give each holder of Notes of
such Series written notice of each optional prepayment under this Section 8.2
not less than ten days and not more than 60 days prior to the date (which must
be a Business Day) fixed for such prepayment. 
Each such notice shall specify such date, the Series of Notes to be
prepaid, the aggregate principal amount of such Notes to be prepaid on such date,
the principal amount of each Note of such Series held by such holder to be
prepaid (determined in accordance with Section 8.3), and the interest to be
paid on the prepayment date with respect to such principal amount being
prepaid.

8.3.                            Allocation
Of Partial Prepayments.  In the case
of each partial prepayment of the Notes of each Series, the principal amount
prepaid shall be allocated among the Notes of such Series at the time
outstanding (including for purposes of any originally scheduled mandatory prepayments
with respect to the Notes of any Series, all Notes of such Series acquired by
the Company or any Subsidiary or Affiliate) in proportion, as nearly as
practicable, to the respective unpaid principal amounts thereof not theretofore
prepaid, and the principal amount of each required prepayment with respect to
each Note which is due after the date of such partial prepayment shall be
reduced in the same proportion as the aggregate unpaid principal amount of such
Note is reduced as a result of such prepayment.

8.4.                            Maturity;
Surrender, Etc.  In the case of each
prepayment of Notes pursuant to Section 8.2, that portion of the principal
amount of each Note to be prepaid shall mature and become due and payable on
the date fixed for such prepayment, together with interest on such principal
amount accrued to such date and the applicable Make-Whole Amount, if any.  From and after such date, unless the Company
shall fail to pay such principal amount when so due and payable, together with
the interest and Make-Whole Amount as aforesaid, interest on such principal
amount shall cease to accrue.  Any Note
paid or prepaid in full shall be surrendered to the Company upon written
request and canceled and shall not be reissued, and no Note shall be issued in
lieu of any prepaid principal amount of any Note.

8.5.                            Purchase
Of Notes.  The Company will not and
will not permit any Subsidiary or any other Affiliate which it and/or any
Subsidiary controls to purchase, redeem, prepay or otherwise acquire, directly
or indirectly, any of the outstanding Notes except upon the payment or
prepayment of the Notes in accordance with the terms of this Agreement and the
Notes.  The Company will promptly cancel
all Notes acquired by the Company or any Subsidiary or any such other Affiliate
pursuant to any payment, prepayment or purchase of Notes pursuant to any
provision of this Agreement, and no Notes may be issued in substitution or
exchange for any such Notes.

8.6.                            Make-Whole
Amount.  The term “Make-Whole Amount”
shall mean, with respect to any Note, an amount equal to the excess, if any, of
the Discounted Value of the Remaining Scheduled Payments with respect to the
Called Principal of such Note over the amount of such Called Principal,
provided that the Make-Whole Amount may in no event be less than zero.  For the purposes of determining the
Make-Whole Amount, the following terms have the following meanings:

 21

“Called Principal”
shall mean, with respect to any Note, the principal of such Note that is to be
prepaid pursuant to Section 8.2 or has become or is declared to be immediately
due and payable pursuant to Section 12.1, as the context requires.

“Discounted Value”
shall mean, with respect to the Called Principal of any Note, the amount
obtained by discounting all Remaining Scheduled Payments with respect to such
Called Principal from their respective scheduled due dates to the Settlement
Date with respect to such Called Principal, in accordance with accepted
financial practice and at a discount factor (as converted to reflect the
periodic basis on which interest on such Note is payable, if interest is
payable other than on a semi-annual basis) equal to the Reinvestment Yield with
respect to such Called Principal.

“Implied Australian Dollar Yield” shall mean, with respect to
the Called Principal of any Note, the yield to maturity implied by (i) the
yields reported, as of 10:00 a.m. (New York time) on the second Business Day
preceding the Settlement Date with respect to such Called Principal, on the
display designated as “Page 0#AUBMK” on the Reuters Screen (or such other
display as may replace “Page 0#AUBMK” on the Reuters Screen) for the benchmark
Australian Government Bond having a maturity equal to the Remaining Average
Life of such Called Principal as of such Settlement Date, or (ii) if such rate
is not reported as of such time or the rate reported is not ascertainable, the
average of the rates as determined by Recognized Australian Government Bond
Market Makers.  Such implied yield will
be determined, if necessary, by (a) converting quotations to bond-equivalent
yields in accordance with accepted financial practice and (b) interpolating
linearly between (1) the benchmark Australian Government Bond with the maturity
closest to and greater than the Remaining Average Life of such Called Principal
and (2) the benchmark Australian Government Bond with the maturity closest to
and less than the Remaining Average Life of such Called Principal.

“Implied British Pound Yield” shall mean, with respect to the
Called Principal of any Note, the yield to maturity implied by (i) the yields
reported, as of 10:00 a.m. (New York time) on the second Business Day preceding
the Settlement Date with respect to such Called Principal, on the display
designated as “Page 0#GBBMK” on the Reuters Screen (or such other display as
may replace “Page 0#GBBMK” on the Reuters Screen) for actively traded
gilt-edged securities having a maturity equal to the Remaining Average Life of
such Called Principal as of such Settlement Date, or (ii) if such rate is not
reported as of such time or the rate reported is not ascertainable, the average
of the rates as determined by Recognized British Government Bond Market
Makers.  Such implied yield will be
determined, if necessary, by (a) converting quotations to bond-equivalent
yields in accordance with accepted financial practice and (b) interpolating
linearly between (1) the actively traded gilt-edged securities with the
maturity closest to and greater than the Remaining Average Life of such Called
Principal and (2) the actively traded gilt-edged securities with the maturity
closest to and less than the Remaining Average Life of such Called Principal.

“Implied Canadian Dollar Yield” shall mean, with respect to
the Called Principal of any Note, the yield to maturity implied by (i) the
yields reported, as of 10:00 a.m. (New York time) on the second Business Day
preceding the Settlement Date with respect to such Called Principal,

 22
 

on the display designated
as “Page 0#CABMK” on the Reuters Screen (or such other display as may replace “Page
0#CABMK” on the Reuters Screen) for actively traded securities of the
Government of Canada having a maturity equal to the Remaining Average Life of
such Called Principal as of such Settlement Date, or (ii) if such rate is not
reported as of such time or the rate reported is not ascertainable, the average
of the rates as determined by Recognized Canadian Government Bond Market Makers.
 Such implied yield will be determined,
if necessary, by (a) converting quotations to bond-equivalent yields in
accordance with accepted financial practice and (b) interpolating linearly
between (1) the actively traded securities of the Government of Canada with the
maturity closest to and greater than the Remaining Average Life of such Called
Principal and (2) the actively traded securities of the Government of Canada
with the maturity closest to and less than the Remaining Average Life of such
Called Principal.

“Implied Danish Krones Yield” shall mean, with respect to the
Called Principal of any Note, the yield to maturity implied by (i) the yields
reported, as of 10:00 a.m. (New York time) on the second Business Day preceding
the Settlement Date with respect to such Called Principal, on the display
designated as “Page 0#DKBMK” on the Reuters Screen (or such other display as
may replace “Page 0#DKBMK” on the Reuters Screen) for the benchmark Danish
Government Bond having a maturity equal to the Remaining Average Life of such
Called Principal as of such Settlement Date, or (ii) if such rate is not
reported as of such time or the rate reported is not ascertainable, the average
of the rates as determined by Recognized Danish Government Bond Market Makers.  Such implied yield will be determined, if
necessary, by (a) converting quotations to bond-equivalent yields in accordance
with accepted financial practice and (b) interpolating linearly between (1) the
benchmark Danish Government Bond with the maturity closest to and greater than
the Remaining Average Life of such Called Principal and (2) the benchmark
Danish Government Bond with the maturity closest to and less than the Remaining
Average Life of such Called Principal.

“Implied Dollar Yield” shall mean, with respect to the Called
Principal of any Note, the yield to maturity implied by (i) the yields
reported, as of 10:00 a.m. (New York time) on the Business Day next preceding
the Settlement Date with respect to such Called Principal, on the display
designated as “Page PX1” on the Bloomberg Financial Markets (or, if Bloomberg
Financial Markets shall cease to report such yields on page PX1 or shall cease
to be Prudential’s customary source for calculating make whole amounts on
privately placed notes, then such source as is then Prudential’s customary
source of such information) for actively traded U.S. Treasury securities having
a maturity equal to the Remaining Average Life of such Called Principal as of
such Settlement Date, or if such yields shall not be reported as of such time
or the yields reported as of such time shall not be ascertainable, (ii) the
Treasury Constant Maturity Series yields reported, for the latest day for which
such yields shall have been so reported as of the Business Day next preceding
the Settlement Date with respect to such Called Principal, in Federal Reserve
Statistical Release H.15 (519) (or any comparable successor publication) for
actively traded U.S. Treasury securities having a constant maturity equal to
the Remaining Average Life of such Called Principal as of such Settlement
Date.  Such implied yield shall be
determined, if necessary, by (a) converting U.S. Treasury bill quotations to
bond-equivalent yields in accordance with accepted financial practice and (b)
interpolating linearly between (1) the actively traded U.S. Treasury security
with the maturity closest to and greater than the

 23
 

Remaining Average Life of
such Called Principal and (2) the actively traded U.S. Treasury security with
the maturity closest to and less than the Remaining Average Life of such Called
Principal.

“Implied Euro Yield” shall mean, with respect to the Called
Principal of any Note, the yield to maturity implied by (i) the yields
reported, as of 10:00 a.m. (New York time) on the second Business Day preceding
the Settlement Date with respect to such Called Principal, on the display
designated as “Page 0#DEBMK” on the Reuters Screen (or such other display as
may replace “Page 0#DEBMK” on the Reuters Screen) for the benchmark German Bund
having a maturity equal to the Remaining Average Life of such Called Principal
as of such Settlement Date, or (ii) if such rate is not reported as of such
time or the rate reported is not ascertainable, the average of the rates as
determined by Recognized German Bund Market Makers.  Such implied yield will be determined, if
necessary, by (a) converting quotations to bond-equivalent yields in accordance
with accepted financial practice and (b) interpolating linearly between (1) the
benchmark German Bund with the maturity closest to and greater than the
Remaining Average Life of such Called Principal and (2) the benchmark German
Bund with the maturity closest to and less than the Remaining Average Life of
such Called Principal.

“Implied Hong Kong Dollar Yield” shall mean, with respect to
the Called Principal of any Note, the yield to maturity implied by (i) the
yields reported, as of 10:00 a.m. (New York time) on the second Business Day
preceding the Settlement Date with respect to such Called Principal, on the
display designated as “Page 0#HKBMK” on the Reuters Screen (or such other
display as may replace “Page 0#HKBMK” on the Reuters Screen) for the benchmark
Hong Kong Government Bond having a maturity equal to the Remaining Average Life
of such Called Principal as of such Settlement Date, or (ii) if such rate is
not reported as of such time or the rate reported is not ascertainable, the
average of the rates as determined by Recognized Hong Kong Government Bond
Market Makers.  Such implied yield will
be determined, if necessary, by (a) converting quotations to bond-equivalent
yields in accordance with accepted financial practice and (b) interpolating
linearly between (1) the benchmark Hong Kong Government Bond with the maturity
closest to and greater than the Remaining Average Life of such Called Principal
and (2) the benchmark Hong Kong Government Bond with the maturity closest to
and less than the Remaining Average Life of such Called Principal.

“Implied Swiss Franc Yield” shall mean, with respect to the
Called Principal of any Note, the yield to maturity implied by (i) the yields
reported, as of 10:00 a.m. (New York time) on the second Business Day preceding
the Settlement Date with respect to such Called Principal, on the display
designated as “Page 0#CHBMK” on the Reuters Screen (or such other display as
may replace “Page 0#CHBMK” on the Reuters Screen) for the benchmark Swiss
Government Bond having a maturity equal to the Remaining Average Life of such
Called Principal as of such Settlement Date, or (ii) if such rate is not
reported as of such time or the rate reported is not ascertainable, the average
of the rates as determined by Recognized Swiss Government Bond Market
Makers.  Such implied yield will be
determined, if necessary, by (a) converting quotations to bond-equivalent yields
in accordance with accepted financial practice and (b) interpolating linearly
between (1) the benchmark Swiss Government Bond with the maturity closest to
and greater than the Remaining Average Life of such Called Principal and (2)
the

 24
 

benchmark Swiss
Government Bond with the maturity closest to and less than the Remaining
Average Life of such Called Principal.

“Implied Yen Yield” shall mean, with respect to the Called
Principal of any Note, the yield to maturity implied by (i) the yields
reported, as of 10:00 a.m. (New York time) on the second Business Day preceding
the Settlement Date with respect to such Called Principal, on the display
designated as “Page 0#JPBMK” on the Reuters Screen (or such other display as
may replace “Page 0#JPBMK” on the Reuters Screen) for the benchmark Japanese
Government Bond having a maturity equal to the Remaining Average Life of such
Called Principal as of such Settlement Date, or (ii) if such rate is not
reported as of such time or the rate reported is not ascertainable, the average
of the rates as determined by Recognized Japanese Government Bond Market
Makers.  Such implied yield will be
determined, if necessary, by (a) converting quotations to bond-equivalent
yields in accordance with accepted financial practice and (b) interpolating
linearly between (1) the benchmark Japanese Government Bond with the maturity
closest to and greater than the Remaining Average Life of such Called Principal
and (2) the benchmark Japanese Government Bond with the maturity closest to and
less than the Remaining Average Life of such Called Principal.

“Recognized Australian Government Bond Market Makers” shall
mean two internationally recognized dealers of Australian Government treasury
securities reasonably selected by Prudential.

“Recognized British Government Bond Market Makers” shall mean
two internationally recognized dealers of British Government treasury
securities reasonably selected by Prudential.

“Recognized Canadian Government Bond Market Makers” shall
mean two internationally recognized dealers of Canadian Government treasury
securities reasonably selected by Prudential.

“Recognized Danish Government Bond Market Makers” shall mean
two internationally recognized dealers of Danish Government treasury securities
reasonably selected by Prudential.

“Recognized German Bund Market Makers” shall mean two
internationally recognized dealers of German Government treasury securities
reasonably selected by Prudential.

“Recognized Hong Kong Government Bond Market Makers” shall
mean two internationally recognized dealers of Hong Kong Government treasury
securities reasonably selected by Prudential.

“Recognized Japanese Government Bond Market Makers” shall
mean two internationally recognized dealers of Japanese Government treasury
securities reasonably selected by Prudential.

 25
 

“Recognized Swiss Government Bond Market Makers” shall mean
two internationally recognized dealers of Swiss Government treasury securities
reasonably selected by Prudential.

“Reinvestment Yield”
shall mean, with respect to the Called Principal of (i) any Note denominated in
Dollars, 50 basis points plus the Implied Dollar Yield, (ii) in the case of any
Note denominated in Swiss Francs, the Implied Swiss Franc Yield, (iii) in the
case of any Note denominated in Euros, the Implied Euro Yield, (iv) in the case
of any Note denominated in Australian Dollars, the Implied Australian Dollar
Yield, (v) in the case of any Note denominated in British Pounds, the Implied
British Pound Yield, (vi) in the case of any Note denominated in Canadian
Dollars, the Implied Canadian Dollar Yield, (vii) in the case of any Note
denominated in Danish Krones, the Implied Danish Krones Yield, (viii) in the
case of any Note denominated in Hong Kong Dollars, the Implied Hong Kong Dollar
Yield and (ix) in the case of any Note denominated in Yen, the Implied Yen
Yield.  The Reinvestment Yield will be
rounded to that number of decimals as appears in the coupon for the applicable
Note.

“Remaining Average Life”
shall mean, with respect to the Called Principal of any Note, the number of
years (calculated to the nearest one-twelfth year) obtained by dividing (i)
such Called Principal into (ii) the sum of the products obtained by multiplying
(a) each Remaining Scheduled Payment of such Called Principal by (b) the number
of years (calculated to the nearest one-twelfth year) which will elapse between
the Settlement Date with respect to such Called Principal and the scheduled due
date of such Remaining Scheduled Payment.

 “Remaining Scheduled Payments” shall mean, with respect to
the Called Principal of any Note, all payments of such Called Principal and
interest thereon that would be due after the Settlement Date with respect to
such Called Principal if no payment of such Called Principal were made prior to
its scheduled due date, provided that if such Settlement Date is not a date on
which interest payments are due to be made under the terms of the Notes, then
the amount of the next succeeding scheduled interest payment will be reduced by
the amount of interest accrued to such Settlement Date and required to be paid
on such Settlement Date pursuant to Section 8.2 or 12.1.

“Settlement Date”
shall mean, with respect to the Called Principal of any Note, the date on which
such Called Principal is to be prepaid pursuant to Section 8.2 or has become or
is declared to be immediately due and payable pursuant to Section 12.1, as the
context requires.

9.                                      Affirmative
Covenants.  The Company covenants
that during the Issuance Period and for so long as any of the Notes are
outstanding:

9.1.                            Compliance
With Law.  The Company will and will
cause each of its Subsidiaries to comply with all laws, ordinances or
governmental rules or regulations to which each of them is subject, including,
without limitation, Environmental Laws, and will obtain and maintain in effect
all licenses, certificates, permits, franchises and other governmental
authorizations necessary to the ownership of their respective properties or to
the conduct of their respective businesses, in each case to the extent
necessary to ensure that non-compliance with such laws, ordinances or
governmental rules or regulations or failures to obtain or maintain in

 26
 

effect such licenses, certificates, permits,
franchises and other governmental authorizations could not, individually or in
the aggregate, reasonably be expected to have a Material Adverse Effect.

9.2.                            Insurance.  The Company will and will cause each of its
Restricted Subsidiaries to maintain, with financially sound and reputable
insurers, insurance with respect to their respective properties and businesses
against such casualties and contingencies, of such types, on such terms and in
such amounts (including deductibles, co-insurance and self-insurance, if
adequate reserves are maintained with respect thereto) as is customary in the
case of entities of established reputations engaged in the same or a similar
business and similarly situated.

9.3.                            Maintenance
Of Properties.  The Company will and
will cause each of its Restricted Subsidiaries to maintain and keep, or cause
to be maintained and kept, their respective properties in good repair, working
order and condition (other than ordinary wear and tear), so that the business
carried on in connection therewith may be properly conducted at all times,
provided that this Section shall not prevent the Company or any Restricted
Subsidiary from discontinuing the operation and the maintenance of any of its
properties if such discontinuance is desirable in the conduct of its business
and the Company has concluded that such discontinuance could not, individually
or in the aggregate, reasonably be expected to have a Material Adverse Effect.

9.4.                            Payment
Of Taxes And Claims.  The Company
will and will cause each of its Subsidiaries to file all tax returns required
to be filed in any jurisdiction and to pay and discharge all taxes shown to be
due and payable on such returns and all other taxes, assessments, governmental
charges, or levies imposed on them or any of their properties, assets, income
or franchises, to the extent such taxes and assessments have become due and
payable and before they have become delinquent and all claims for which sums
have become due and payable that have or might become a Lien on properties or
assets of the Company or any Subsidiary, provided that neither the Company nor
any Subsidiary need pay any such tax or assessment or claims if (i) the amount,
applicability or validity thereof is contested by the Company or such
Subsidiary on a timely basis in good faith and in appropriate proceedings, and
the Company or such Subsidiary has established adequate reserves therefor in
accordance with GAAP on the books of the Company or such Subsidiary or (ii) the
nonpayment of all such taxes and assessments in the aggregate could not
reasonably be expected to have a Material Adverse Effect.

9.5.                            Corporate
Existence, Etc.  Subject to Section
10.2, the Company will at all times preserve and keep in full force and effect
its corporate existence.  Subject to
Section 10.2, the Company will at all times preserve and keep in full force and
effect the corporate (or other) existence of each of its Restricted
Subsidiaries and all rights and franchises of the Company and its Restricted
Subsidiaries unless, in the good faith judgment of the Company, the termination
of or failure to preserve and keep in full force and effect such corporate
existence, right or franchise could not, individually or in the aggregate, have
a Material Adverse Effect.

9.6.                            Additional
Major Subsidiaries.  Upon the
creation or acquisition of any Major Subsidiary after the date of this
Agreement, the Company shall immediately cause such Major Subsidiary to execute
and deliver a joinder agreement in the form of Exhibit B-1 to the

 27
 

Subsidiary Guaranty and deliver to each Purchaser
copies of the items delivered pursuant to Section 5.03 of the Bank Credit
Agreement. If any existing Subsidiary that is not a Major Subsidiary at the
date of this Agreement thereafter becomes a Major Subsidiary, such Subsidiary
shall be a Major Subsidiary and the Company shall promptly give each Purchaser written
notice of such additional Major Subsidiary and comply with the foregoing
sentence.

9.7                               Additional
Obligor Subsidiaries.  If any
Restricted Subsidiary (whether existing or hereafter created or acquired)
becomes an obligor after the date hereof under the Bank Credit Agreement, the
Company shall promptly give each Note holder written notice thereof and shall
immediately cause such Restricted Subsidiary to execute and deliver a joinder
agreement in the form of Exhibit B-2 to the Subsidiary Guaranty.

10.                               Negative
Covenants.  The Company covenants
that during the Issuance Period (except with respect to Sections 10.6(a) and
10.8, which shall become operative only commencing at the time of the first
issuance of Notes hereunder), and for so long as any of the Notes are
outstanding:

10.1.                     Transactions
With Affiliates.  The Company will
not and will not permit any Restricted Subsidiary to enter into directly or
indirectly any transaction or Material group of related transactions (including
without limitation the purchase, lease, sale or exchange of properties of any
kind or the rendering of any service) with any Affiliate (other than the
Company or another Restricted Subsidiary), except (i) in the ordinary course
and pursuant to the reasonable requirements of the Company’s or such Restricted
Subsidiary’s business and upon fair and reasonable terms no less favorable to
the Company or such Restricted Subsidiary than would be obtainable in a
comparable arm’s-length transaction with a Person not an Affiliate, (ii) for
stock related transactions with officers and directors of the Company and its
Restricted Subsidiaries, and (iii) for stock related transactions with Plans
upon fair and reasonable terms no less favorable to the Company or such
Restricted Subsidiary than would be obtainable in a comparable arm’s-length
transaction with a Person not an Affiliate.

10.2.                     Merger,
Consolidation, Etc.  The Company
shall not, and shall not permit any of its Restricted Subsidiaries to,
consolidate with or merge with any other corporation or convey, transfer or
lease all or substantially all of its assets in a single transaction or series
of transactions to any Person (except that a Restricted Subsidiary may
consolidate with or merge with, or convey, transfer or lease all or substantially
all of its assets in a single transaction or series of transactions to (x) the
Company, (y) a Wholly-Owned Restricted Subsidiary, or (z) another Person so
long as, in the case of clause (z), the transaction involves a merger and the
Restricted Subsidiary is the surviving entity:

(a)                                  in
the case of any transaction involving the Company, the successor formed by such
consolidation or the survivor of such merger or the Person that acquires by
conveyance, transfer or lease all or substantially all of the assets of the
Company, as the case may be, shall be a solvent corporation organized and
existing under the laws of the United States or any State thereof (including
the District of Columbia), and (i) such corporation shall have executed and
delivered to each holder of any Notes its assumption of the due and punctual
performance and observance of each covenant and condition of this Agreement and
the

 28
 

Notes and (ii) shall have caused to be delivered to
each holder of any Notes an opinion of nationally recognized independent
counsel, or other independent counsel reasonably satisfactory to the Required
Holders, to the effect that all agreements or instruments effecting such
assumption are enforceable in accordance with their terms and comply with the
terms hereof;

(b)                                  immediately
after giving effect to such transaction, no Default or Event of Default shall
have occurred and be continuing.

No such conveyance, transfer or lease of all or
substantially all of the assets of the Company shall have the effect of releasing
the Company or any successor corporation that shall theretofore have become
such in the manner prescribed in this Section 10.2 from its liability under
this Agreement or the Notes.

10.3.                     Liens.  The Company will not, and will not permit any
of its Restricted Subsidiaries to, directly or indirectly create, incur, assume
or permit to exist (upon the happening of a contingency or otherwise) any Lien
on or with respect to any property or asset (including, without limitation, any
document or instrument in respect of goods or accounts receivable) of the
Company or any such Restricted Subsidiary, whether now owned or held or
hereafter acquired, or any income or profits therefrom, or assign or otherwise
convey any right to receive income or profits, except:

(a)                                  Liens
for taxes, assessments or other governmental charges which are not yet due and
payable or the payment of which is not at the time required by Section 9.4;

(b)                                  statutory
Liens of landlords, Liens of carriers, warehousemen, mechanics, materialmen and
other similar Liens, in each case incurred in the ordinary course of business
for sums not yet due and payable or the payment of which is not at the time
required by Section 9.4 and statutory Liens and contractual rights of set off
of financial institutions;

(c)                                  Liens
(other than any Lien imposed by ERISA) incurred or deposits made in the
ordinary course of business, including without limitation (i) in connection
with workers’ compensation, unemployment insurance and other types of social
security or retirement benefits, or (ii) to secure (or to obtain letters of
credit that secure) the performance of tenders, statutory obligations, surety
bonds, appeal bonds, bids, leases (other than Capital Leases), performance
bonds, purchase, construction or sales contracts and other similar obligations,
in each case not incurred or made in connection with the borrowing of money,
the obtaining of advances or credit or the payment of the deferred purchase
price of property, which Liens collectively do not materially interfere with
the conduct of the Company’s or any of its Restricted Subsidiaries’ business or
the use of their properties;

(d)                                  any
attachment or judgment Lien, unless the judgment it secures shall not, within
60 days after the entry thereof, have been discharged or execution thereof
stayed pending appeal, or shall not have been discharged within 60 days after
the expiration of any such stay; and any attachment or judgment Lien as to
which the Company or a Restricted Subsidiary has established adequate reserves
in accordance with GAAP on the books of the Company or such Restricted
Subsidiary;

 29
 

(e)                                  licenses,
leases or subleases granted to others, easements, rights-of-way, restrictions
and other similar charges or encumbrances, in each case incidental to, and not
interfering with, the ordinary conduct of the business of the Company or any of
its Restricted Subsidiaries, provided that such Liens do not, in the aggregate,
materially detract from the value of such property;

(f)                                    Liens
on property or assets of the Company securing Debt of the Company owing to a
Wholly-Owned Restricted Subsidiary or Liens on property or assets of a
Restricted Subsidiary securing Debt of such Restricted Subsidiary owing to the
Company or to a Wholly-Owned Restricted Subsidiary;

(g)                                 Liens
existing December 30, 2003 and set forth on Schedule 10;

(h)                                 any
Lien (including any interest or title of a lessor or sublessor in or to assets
leased by Company or a Restricted Subsidiary) created to secure all or any part
of the purchase price, or to secure Debt incurred or assumed to pay all or any
part of the purchase price or cost of construction, of property (or any
improvement thereon) acquired or constructed by the Company or a Restricted
Subsidiary after the date of this Agreement, provided that:

(i)                                    any
such Lien shall extend solely to the item or items of such property (or
improvement thereon) so acquired or constructed and, if required by the terms
of the instrument originally creating such Lien, other property (or improvement
thereon) which is an improvement to or is acquired for specific use in
connection with such acquired or constructed property (or improvement thereon)
or which is real property being improved by such acquired or constructed
property (or improvement thereon),

(ii)                                the
principal amount of the Debt secured by any such Lien shall at no time exceed
an amount equal to the lesser of (A) the cost to the Company or such Restricted
Subsidiary of the property (or improvement thereon) so acquired or constructed
and (B) the Fair Market Value (as determined in good faith by the board of
directors of the Company) of such property (or improvement thereon) at the time
of such acquisition or construction, and

(iii)                            any
such Lien shall be created contemporaneously with, or within 180 days after the
acquisition or construction of such property (or improvement thereon);

(i)                                    any
Lien existing on property of a Person immediately prior to its being
consolidated with or merged into the Company or a Restricted Subsidiary or its
becoming a Restricted Subsidiary, or any Lien existing on any property acquired
by the Company or any Restricted Subsidiary at the time such property is so
acquired (whether or not the Debt secured thereby shall have been assumed),
provided that (i) no such Lien shall have been created or assumed in
contemplation of such consolidation or merger or such Person’s becoming a
Restricted Subsidiary or such acquisition of property, and (ii) each such Lien
shall extend solely to the item or items of property so acquired and, if
required by the terms of the instrument originally creating such Lien, other
property which is an improvement to or is acquired for specific use in
connection with such acquired property;

 30
 

(j)                                    any
Lien renewing, extending or refunding any Lien permitted by paragraphs (g), (h)
or (i) of this Section 10.3, provided that (i) the principal amount of Debt
secured by such Lien immediately prior to such extension, renewal or refunding
is not increased or the maturity thereof reduced, (ii) such Lien is not
extended to any other property, and (iii) immediately after such extension,
renewal or refunding no Default or Event of Default would exist; and

(k)                                other
Liens securing Debt not otherwise permitted by paragraphs (a) through (j) of
this Section 10.3, provided that the total amount of Priority Debt at no time
exceeds 20% of Consolidated Net Worth.

10.4.                     Interest
Charges Coverage Ratio.  The Company
will not permit the Interest Charges Coverage Ratio on the last day of each
fiscal quarter of the Company to be less than 2.5 to 1.0.

10.5.                     Fixed Charges
Coverage Ratio.  The Company will not
permit the Fixed Charges Coverage Ratio on the last day of each fiscal year of
the Company to be less than 1.4 to 1.0.

10.6.                     Maintenance
Of Consolidated Debt.  (a) At any
time when any Convertible Preferred Stock is outstanding, the Company will not
permit the Leverage Ratio (as defined in Schedule BB) to exceed the Applicable
Leverage Ratio Level (as defined in Schedule BB).

(b) At any time when
there is no Convertible Preferred Stock outstanding, the Company will not
permit Consolidated Debt to exceed the Applicable Percentage of Total
Capitalization.

10.7.                     Restricted
Subsidiary Debt.  Without limiting
the restrictions contained in Section 10.11, the Company will not at any time
permit any Restricted Subsidiary to, directly or indirectly, create, incur,
assume, guarantee, have outstanding, or otherwise become or remain directly or
indirectly liable with respect to, any Debt other than:

(a)                                  Debt
owed to the Company or a Wholly-Owned Restricted Subsidiary;

(b)                                  Debt
of a Restricted Subsidiary outstanding at the time such Subsidiary becomes a
Restricted Subsidiary, provided that (i) such Debt shall not have been incurred
in contemplation of such Subsidiary becoming a Restricted Subsidiary and (ii)
immediately after such Subsidiary becomes a Restricted Subsidiary no Default or
Event of Default shall exist, and provided further that such Debt may not be
extended, renewed or refunded except as otherwise permitted by this Agreement;
and

(c)                                  Debt
of a Restricted Subsidiary in addition to that otherwise permitted by
subparagraph (a) or (b) of this Section 10.7, provided that the total amount of
Priority Debt at no time exceeds 20% of Consolidated Net Worth.

 31

10.8.                     Consolidated
Net Worth.  The Company will not, at
any time, permit Consolidated Net Worth to be less than the sum of (a)
$219,257,000 plus (b) an aggregate amount equal to 25% of its Consolidated Net
Income (but, in each case, only if a positive number) for each completed fiscal
quarter beginning with the fiscal quarter ended December 31, 2003.

10.9.                     Sale Of
Assets.  Except as permitted under
Section 10.2, the Company will not, and will not permit any of its Restricted
Subsidiaries to, make any Asset Disposition unless:

(a)                                  in
the good faith opinion of the Company, the Asset Disposition is in exchange for
consideration having a Fair Market Value at least equal to that of the property
exchanged and is in the best interest of the Company or such Restricted
Subsidiary; and

(b)                                  immediately
after giving effect to the Asset Disposition, no Default or Event of Default
would exist; and

(c)                                  immediately
after giving effect to the Asset Disposition, the Disposition Value of all
property that was the subject of any Asset Disposition occurring in the then
current fiscal year of the Company would not exceed 10% of Consolidated Assets
as of the end of the then most recently ended fiscal year of the Company.

If the Net Proceeds Amount for any Transfer is applied
to a Debt Prepayment Application or a Property Reinvestment Application within
180 days after such Transfer, then such Transfer, only for the purpose of
determining compliance with subsection (c) of this Section 10.9 as of any date,
shall be deemed not to be an Asset Disposition.

Notwithstanding the above, the Company or any
Restricted Subsidiary may enter into a Sale and Leaseback Transaction.

10.10.              Line Of Business.  The Company will not, and will not permit any
of its Restricted Subsidiaries to, engage in any business if, as a result, the
general nature of the business in which the Company and its Restricted
Subsidiaries, taken as a whole, would then be engaged would be substantially
changed from the general nature of the business in which the Company and its Restricted
Subsidiaries, taken as a whole, are engaged on the date of this Agreement.

10.11                 Terrorism
Sanctions Regulations.  The Company
will not and will not permit any Subsidiary to (i) become a Person described or
designated in the Specially Designated Nationals and Blocked Persons List of
the Office of Foreign Assets Control or in Section 1 of the Anti-Terrorism
Order or (ii) to the knowledge of the Company, engage in any dealings or
transactions with any such Person.

11.                               Events
Of Default.  An “Event of Default”
shall exist if any of the following conditions or events shall occur and be
continuing:

 32
 

(a)                                  the
Company defaults in the payment of any principal or Make-Whole Amount, if any,
on any Note when the same becomes due and payable, whether at maturity or at a
date fixed for prepayment or by declaration or otherwise; or

(b)                                  the
Company defaults in the payment of any interest on any Note for more than five
Business Days after the same becomes due and payable; or

(c)                                  the
Company defaults in the performance of or compliance with any term contained in
Section 7.1(d) or Section 10; or

(d)                                  the
Company defaults in the performance of or compliance with any term contained
herein (other than those referred to in paragraphs (a), (b) and (c) of this
Section 11) and such default is not remedied within 30 days after the earlier
of (i) a Responsible Officer obtaining actual knowledge of such default and
(ii) the Company receiving written notice of such default from any holder of a
Note (any such written notice to be identified as a “notice of default” and to
refer specifically to this paragraph (d) of Section 11); or

(e)                                  any
representation or warranty made in writing by or on behalf of the Company or
any Restricted Subsidiary or by any officer of the Company or any Restricted
Subsidiary in this Agreement or the Subsidiary Guaranty or in any writing
furnished in connection with the transactions contemplated hereby proves to
have been false or incorrect in any material respect on the date as of which
made; or

(f)                                    (i)
the Company or any Restricted Subsidiary is in default (as principal or as
guarantor or other surety) in the payment of any principal of or premium or
make-whole amount or interest on any outstanding Indebtedness beyond any period
of grace provided with respect thereto, or (ii) the Company or any Restricted
Subsidiary is in default in the performance of or compliance with any term of
any evidence of any outstanding Indebtedness or of any mortgage, indenture or
other agreement relating thereto or any other condition exists, and as a
consequence of such default or condition any Indebtedness has become, or has
been declared (or one or more Persons are entitled to declare any Indebtedness
to be), due and payable before its stated maturity or before its regularly scheduled
dates of payment, or (iii) as a consequence of the occurrence or continuation
of any event or condition (other than the passage of time or the right of the
holder of Indebtedness to convert such Indebtedness into equity interests), (x)
the Company or any Restricted Subsidiary has become obligated to purchase or
repay Indebtedness before its regular maturity or before its regularly
scheduled dates of payment, or (y) one or more Persons have the right to
require the Company or any Restricted Subsidiary so to purchase or repay such
Indebtedness, provided that the aggregate amount of all Indebtedness to which
such a payment default shall occur and be continuing or such a failure or other
event causing or permitting acceleration (or resale to the Company or any
Restricted Subsidiary) shall occur and be continuing exceeds an amount
equivalent to $20,000,000; or

(g)                                 the
Company or any Restricted Subsidiary (i) is generally not paying, or admits in
writing its inability to pay, its debts as they become due, (ii) files, or
consents by answer or otherwise to the filing against it of, a petition for
relief or reorganization or arrangement or any other petition in bankruptcy,
for liquidation or to take advantage of any

 33
 

bankruptcy, insolvency, reorganization, moratorium or
other similar law of any jurisdiction, (iii) makes an assignment for the
benefit of its creditors, (iv) consents to the appointment of a custodian,
receiver, trustee or other officer with similar powers with respect to it or
with respect to any substantial part of its property, (v) is adjudicated as
insolvent or to be liquidated, or (vi) takes corporate action for the purpose
of any of the foregoing; or

(h)                                 a
court or governmental authority of competent jurisdiction enters an order
appointing, without consent by the Company or any of its Restricted
Subsidiaries, a custodian, receiver, trustee or other officer with similar
powers with respect to it or with respect to any substantial part of its
property, or constituting an order for relief or approving a petition for
relief or reorganization or any other petition in bankruptcy or for liquidation
or to take advantage of any bankruptcy or insolvency law of any jurisdiction,
or ordering the dissolution, winding-up or liquidation of the Company or any of
its Restricted Subsidiaries, or any such petition shall be filed against the
Company or any of its Restricted Subsidiaries and such petition shall not be
dismissed within 60 days; or

(i)                                    a
final judgment or judgments for the payment of money aggregating in excess of
an amount equivalent to $20,000,000 (exclusive of any amount covered by
insurance provided by a solvent and unaffiliated insurance company which has
acknowledged in writing its coverage obligation with respect thereto) are
rendered against one or more of the Company and its Restricted Subsidiaries and
which judgments are not, within 60 days after entry thereof, bonded, discharged
or stayed pending appeal, or are not discharged within 60 days after the
expiration of such stay; or

(j)                                    if
the Subsidiary Guaranty shall at any time for any reason be purportedly revoked
by any Guarantor (or the Company, as applicable) or be declared by any
Guarantor (or the Company, as applicable) to be null and void, or the validity
or enforceability thereof shall be contested by any Guarantor (or the Company,
as applicable), or a proceeding shall be commenced by any Guarantor (or the
Company, as applicable) seeking to establish the invalidity or unenforceability
thereof, or any Guarantor (or the Company, as applicable) shall deny that it
has any liability or obligation purported to be created thereunder; or

(k)                                if
(i) any Plan shall fail to satisfy the minimum funding standards of ERISA or
the Code for any plan year or part thereof or a waiver of such standards or
extension of any amortization period is sought or granted under section 412 of
the Code, (ii) a notice of intent to terminate any Plan shall have been or is
reasonably expected to be filed with the PBGC or the PBGC shall have instituted
proceedings under ERISA section 4042 to terminate or appoint a trustee to
administer any Plan or the PBGC shall have notified the Company or any ERISA
Affiliate that a Plan may become a subject of any such proceedings, (iii) the
aggregate “amount of unfunded benefit liabilities” (within the meaning of
section 4001(a)(18) of ERISA) under all Plans, determined for each Plan in
accordance with the actuarial assumptions specified for funding purposes
pursuant to Section 412(c)(3) of the Code in such Plan’s most recent actuarial
valuation report, shall exceed $20,000,000, (iv) the Company or any ERISA
Affiliate shall have incurred or is reasonably expected to incur any liability
pursuant to Title I or IV of ERISA or the penalty or excise tax provisions of
the Code relating to employee benefit plans, (v) the Company or any ERISA
Affiliate withdraws from any Multiemployer Plan, or (vi) the Company or any

 34
 

Subsidiary establishes or amends any employee welfare
benefit plan that provides post-employment welfare benefits in a manner that
would increase the liability of the Company or any Subsidiary thereunder; and
any such event or events described in clauses (i) through (vi) above, either
individually or together with any other such event or events, could reasonably
be expected to have a Material Adverse Effect.

As used in Section 11(k), the terms “employee benefit plan” and “employee
welfare benefit plan” shall have the respective meanings assigned to
such terms in Section 3 of ERISA.

12.                               Remedies
on Default, Etc.

12.1.                     Acceleration.

(a)                                  If
an Event of Default with respect to the Company described in paragraph (g) or
(h) of Section 11 (other than an Event of Default described in clause (i) of
paragraph (g) or described in clause (vi) of paragraph (g) by virtue of the
fact that such clause encompasses clause (i) of paragraph (g)) has occurred,
all the Notes then outstanding shall automatically become immediately due and
payable.

(b)                                  If
any other Event of Default has occurred and is continuing, any holder or
holders of more than 66-2/3% in principal amount of the Notes of any Series at
the time outstanding may at any time at its or their option, by notice or
notices to the Company, declare all the Notes of such Series then outstanding
to be immediately due and payable, and the Company shall immediately thereafter
provide to all holders of all Notes the names of and amounts held by those
holders making such declaration.

(c)                                  If
any Event of Default described in paragraph (a) or (b) of Section 11 has
occurred and is continuing, in addition to any action which may be taken
pursuant to Section 12.1(b), any holder or holders of Notes at the time
outstanding affected by such Event of Default may at any time, at its or their
option, by notice or notices to the Company, declare all the Notes held by it
or them to be immediately due and payable, and the Company shall immediately
thereafter provide to all holders of all Notes the names of and amounts held by
those holders making such declaration.

Upon any Notes becoming due and payable under this
Section 12.1, whether automatically or by declaration, such Notes will
forthwith mature and the entire unpaid principal amount of such Notes, plus (x)
all accrued and unpaid interest thereon and (y) the Make-Whole Amount
determined in respect of such principal amount (to the full extent permitted by
applicable law), shall all be immediately due and payable, in each and every
case without presentment, demand, protest or further notice, all of which are
hereby waived.  The Company acknowledges,
and the parties hereto agree, that each holder of a Note has the right to
maintain its investment in the Notes free from prepayment by the Company
(except as herein specifically provided for) and that the provision for payment
of a Make-Whole Amount by the Company in the event that the Notes are prepaid
or are accelerated as a result of an Event of Default, is intended to provide
compensation for the deprivation of such right under such circumstances.

 35
 

12.2.                     Other
Remedies.  If any Default or Event of
Default has occurred and is continuing, and irrespective of whether any Notes
have become or have been declared immediately due and payable under Section
12.1, the holder of any Note at the time outstanding may proceed to protect and
enforce the rights of such holder by an action at law, suit in equity or other
appropriate proceeding, whether for the specific performance of any agreement
contained herein or in any Note, or for an injunction against a violation of
any of the terms hereof or thereof, or in aid of the exercise of any power granted
hereby or thereby or by law or otherwise.

12.3.                     Rescission.  At any time after any Notes of any Series
have been declared due and payable pursuant to clause (b) or (c) of Section
12.1, the holders of not less than 66-2/3% in principal amount of the Notes of
such Series then outstanding, by written notice to the Company, may rescind and
annul any such declaration and its consequences if (a) the Company has paid all
overdue interest on the Notes of such Series, all principal of and Make-Whole
Amount, if any, on any Notes of such Series that are due and payable and are
unpaid other than by reason of such declaration, and all interest on such
overdue principal and Make-Whole Amount, if any, and (to the extent permitted
by applicable law) any overdue interest in respect of the Notes of such Series,
at the Default Rate, (b) all Events of Default and Defaults, other than
non-payment of amounts that have become due solely by reason of such
declaration, have been cured or have been waived pursuant to Section 17, and
(c) no judgment or decree has been entered for the payment of any monies due
pursuant hereto or to the Notes.  No
rescission and annulment under this Section 12.3 will extend to or affect any
subsequent Event of Default or Default or impair any right consequent thereon.

12.4.                     No Waivers Or
Election Of Remedies, Expenses, Etc. 
No course of dealing and no delay on the part of any holder of any Note
in exercising any right, power or remedy shall operate as a waiver thereof or
otherwise prejudice such holder’s rights, powers or remedies.  No right, power or remedy conferred by this
Agreement or by any Note upon any holder thereof shall be exclusive of any
other right, power or remedy referred to herein or therein or now or hereafter
available at law, in equity, by statute or otherwise.  Without limiting the obligations of the
Company under Section 15, the Company will pay to the holder of each Note on
demand such further amount as shall be sufficient to cover all costs and
expenses of such holder incurred in any enforcement or collection under this
Section 12, including, without limitation, reasonable attorneys’ fees, expenses
and disbursements.

12.5.                     Notice of
Acceleration or Rescission.  Whenever any Note shall be
declared immediately due and payable pursuant to Section 12.1 or any such
declaration shall be rescinded and annulled pursuant to Section 12.3, the
Company shall forthwith give written notice thereof to the holder of each Note
of each Series at the time outstanding.

13.                               Registration;
Exchange; Substitution Of Notes.

13.1.                     Registration
Of Notes.  The Company shall keep at
its principal executive office a register for the registration and registration
of transfers of Notes.  The name and
address of each holder of one or more Notes, each transfer thereof and the name
and address of each transferee of one or more Notes shall be registered in such
register.  Prior to due presentment for
registration of transfer, the Person in whose name any Note shall be registered
shall be deemed

 36
 

and treated as the owner and holder thereof for all
purposes hereof, and the Company shall not be affected by any notice or
knowledge to the contrary.  The Company
shall give to any holder of a Note that is an Institutional Investor promptly
upon request therefor, a complete and correct copy of the names and addresses
of all registered holders of Notes.

13.2.                     Transfer And
Exchange Of Notes.  Upon surrender of
any Note at the principal executive office of the Company for registration of
transfer or exchange (and in the case of a surrender for registration of
transfer, duly endorsed or accompanied by a written instrument of transfer duly
executed by the registered holder of such Note or his attorney duly authorized
in writing and accompanied by the address for notices of each transferee of
such Note or part thereof), the Company shall execute and deliver, at the
Company’s expense (except as provided below), one or more new Notes (as
requested by the holder thereof) in exchange therefor, in an aggregate
principal amount equal to the unpaid principal amount of the surrendered
Note.  Each such new Note shall be
payable to such Person as such holder may request and shall be substantially in
the form of Exhibit A.  Each such new
Note shall be dated and bear interest from the date to which interest shall
have been paid on the surrendered Note or dated the date of the surrendered
Note if no interest shall have been paid thereon.  The Company may require payment of a sum
sufficient to cover any stamp tax or governmental charge imposed in respect of
any such transfer of Notes.  Except as
provided in the next succeeding sentence, Notes shall not be transferred in
denominations of less than $5,000,000. 
Notes may be issued in denominations of less than $5,000,000 if issued
in connection with any transfer to one or more Prudential Affiliates or if
necessary to enable the registration of transfer by a holder of its entire
holding of Notes of a Series.  Any
transferee, by its acceptance of a Note registered in its name (or the name of
its nominee), shall be deemed to have made the representations set forth in
Article 6; provided, however, that the Company
shall not be required to effect any such transfer if the Company is legally
unable to deliver the certificate described in the penultimate paragraph of
Section 6.2.  Each Purchaser and
transferee of a Note which is not already a party to the Subsidiary Guaranty
shall execute and deliver a joinder agreement in the form attached as Exhibit A
to the Subsidiary Guaranty.

13.3.                     Replacement
Of Notes.  Upon receipt by the
Company of evidence reasonably satisfactory to it of the ownership of and the
loss, theft, destruction or mutilation of any Note (which evidence shall be, in
the case of an Institutional Investor, notice from such Institutional Investor
of such ownership and such loss, theft, destruction or mutilation), and

(a)                                  in
the case of loss, theft or destruction, of indemnity reasonably satisfactory to
it (provided that if the holder of such Note is, or is a nominee for, an
original Purchaser or another holder of a Note with a minimum net worth of at
least $50,000,000, such Person’s own unsecured agreement of indemnity shall be
deemed to be satisfactory), or

(b)                                  in
the case of mutilation, upon surrender and cancellation thereof,

the Company at the Company’s expense shall execute and
deliver, in lieu thereof, a new Note, dated and bearing interest from the date
to which interest shall have been paid on such lost, stolen, destroyed or
mutilated Note or dated the date of such lost, stolen, destroyed or mutilated
Note if no interest shall have been paid thereon.

 37
 

14.                               Payments
On Notes.

14.1.                     Place Of
Payment.  Subject to Section 14.2,
payments of principal, Make-Whole Amount, if any, and interest becoming due and
payable on the Notes shall be made in New York, New York, at the principal
office of Bank of America, N.A. in such jurisdiction.  The holder of a Note may at any time, by
notice to the Company, change the place of payment of the Notes so long as such
place of payment shall be either the principal office of the Company in such
jurisdiction or the principal office of a bank or trust company in such
jurisdiction.

14.2.                     Home Office
Payment.  So long as a Purchaser or
its nominee shall be the holder of any Note, and notwithstanding anything
contained in Section 14.1 or in such Note to the contrary, the Company will pay
all sums becoming due on such Note for principal, Make-Whole Amount, if any,
and interest by the method and at the address specified for such purpose on the
Purchaser Schedule attached to the Confirmation of Acceptance with respect to
such Note, or by such other method or at such other address as such Purchaser
shall have from time to time specified to the Company in writing for such
purpose, without the presentation or surrender of such Note or the making of
any notation thereon, except that upon written request of the Company made
concurrently with or reasonably promptly after payment or prepayment in full of
any Note, such Purchaser shall surrender such Note for cancellation, reasonably
promptly after any such request, to the Company at its principal executive
office or at the place of payment most recently designated by the Company
pursuant to Section 14.1.  Prior to any
sale or other disposition of any Note held by any Purchaser or its nominee such
Purchaser will, at its election, either endorse thereon the amount of principal
paid thereon and the last date to which interest has been paid thereon or
surrender such Note to the Company in exchange for a new Note or Notes pursuant
to Section 13.2.  The Company will afford
the benefits of this Section 14.2 to any Institutional Investor that is the
direct or indirect transferee of any Note purchased by any Purchaser under this
Agreement and that has made the same agreement relating to such Note as each
Purchaser has made in this Section 14.2.

14.3.                     Currency of
Payments; Payments Free and Clear of Taxes

(a)                                  All
payments under each Series of Notes shall be made in the currency in which such
Series of Notes is denominated.

(b)                                  All
expenses required to be reimbursed pursuant to this Agreement or the Notes
shall be reimbursed in the currency in which such expenses were originally
incurred.

(c)                                  Any
payment on account of an amount that is payable hereunder or under the Notes in
a specified currency (the “Specified Currency”)
which, notwithstanding the requirements of clauses (a) and (b), above, is made
to or for the account of any holder of a Note in lawful currency of any other
jurisdiction (the “Other Currency”),
whether as a result of any judgment or order or the enforcement thereof or the
realization of any security or the liquidation of the Company, shall constitute
a discharge of the Company’s obligation under this Agreement and such Notes
only to the extent of the amount of the Specified Currency which such holder
could purchase in New York foreign exchange markets with the amount of the
Other Currency in accordance with normal banking procedures at the rate of
exchange prevailing at 10:00 a.m. on

 38
 

the first Business Day following receipt of the
payment first referred to above.  If the
amount of the Specified Currency that could be so purchased is less than the
amount of Specified Currency originally due to such holder, the Company shall
indemnify and save harmless such holder from and against all loss or damage
arising out of or as a result of such deficiency.  This indemnity shall constitute an obligation
separate and independent from the other obligations contained in this
Agreement, shall give rise to a separate and independent cause of action, shall
apply irrespective of any indulgence granted by any holder of a Note from time
to time and shall continue in full force and effect notwithstanding any
judgment or order for a liquidated sum in respect of an amount due hereunder or
under any judgment or order.

(d)                                  
The Company will pay all amounts of principal of, Make Whole Amount, if any,
and interest on the Notes, and all other amounts payable hereunder or under the
Notes, without set-off or counterclaim and free and clear of, and without
deduction or withholding for or on account of, all present and future income,
stamp, documentary and other taxes and duties, and all other levies, imposts,
charges, fees, deductions and withholdings, now or hereafter imposed, levied,
collected, withheld or assessed by any governmental authority (except (i) taxes
imposed on the net income or net profits (including franchise or similar taxes
imposed in lieu thereof) by the United States, any government authority under
the laws of which the holder of a Note is organized or has its principal office
or maintains its applicable lending office, or by any jurisdiction as a result
of a present or former connection between the holder of a Note and such
jurisdiction, (ii) any branch profits taxes imposed by the United States or any
similar tax imposed by any other jurisdiction in which the holder of a Note is
located, and (iii) any taxes imposed solely as a result of the holder of a Note’s
gross negligence or willful misconduct, including gross negligence or willful
misconduct resulting in the failure or unreasonable delay by a  holder of a Note to properly complete,
provide or file and update or renew any application, forms, certificates,
documents or other evidence required from time to time, in order to qualify for
any applicable exemption from or reduction of taxes) (all such non-excluded
taxes, duties, levies, imposts, duties, charges, fees, deductions and
withholdings being hereinafter called “Taxes”).  If any Taxes are required to be withheld from
any amounts payable to a holder of any Notes, the amounts so payable to such
holder shall be increased to the extent necessary to yield such holder (after
payment of all Taxes) interest on any such other amounts payable hereunder at
the rates or in the amounts specified in the Notes or this Agreement.  Whenever any Taxes are payable by the
Company, as promptly as possible thereafter, the Company shall send to each
holder of the Notes, a certified copy of an original official receipt received
by the Company showing payment thereof. 
If the Company fails to pay any Taxes when due to the appropriate taxing
authority or fails to remit to each holder of the Notes the required receipts
or other required documentary evidence, the Company shall indemnify each holder
of the Notes for any Taxes (including interest or penalties) that may become
payable by such holder as a result of any such failure.  The obligations of the Company under this
Section 14.3 shall survive the payment and performance of the Notes and the
termination of this Agreement.  If the
Company determines in good faith that a reasonable basis exists for contesting
any Taxes that it is required to pay as a result of this Section 14.3(d), the
relevant holder shall cooperate with the Company (but shall have no obligation
to disclose any confidential information, unless arrangements satisfactory to
the relevant holder have been made to preserve the confidential nature of such
information) in challenging such Taxes at the Company’s expense if requested by
the Company.  If a holder of a

 39
 

Note shall have actual knowledge (without any
obligation to monitor) that it is entitled to receive a refund (whether by way
of a direct payment or by offset) in respect of any Taxes paid by the Company,
it shall promptly notify the  Company of
the availability of such refund (unless made aware of same by the Company) and
shall, within 90 days after the receipt of a request from the Company, apply
for such refund at the Company’s sole expense. 
If any holder of a Note receives a refund (whether by way of a direct
payment or by offset) of any Taxes for which a payment has been made pursuant
to this Section 14.3(d) which, in the reasonable good faith judgment of such
holder, is allocable to such payment under this Section 14.3(d), the amount of
such refund (together with any interest received thereon) shall be paid to the
Company to the extent payment has been made in full as and when required
pursuant to this Section 14.3(d).  Each
holder of the Notes that is not organized under the laws of the United States
or a political subdivision thereof agrees to provide the Company with properly
completed forms, certificates and other information in order to confirm or
establish that such holder (and, in the case of a holder that does not or
ceases to act for its own account with respect to any portion of any payments
on the Notes, the beneficial owner or owners of such payment or portion
thereof) is not subject to United States withholding tax and otherwise to
minimize the amount of any Taxes that the Company shall otherwise be required
to pay pursuant to this Section 14.3(d).

15.                               Expenses,
Etc.

15.1.                     Transaction
Expenses.  Whether or not the
transactions contemplated hereby are consummated, the Company will pay all
reasonable costs and expenses (including reasonable attorneys’ fees of a
special counsel and, if reasonably required, local or other counsel) incurred
by Prudential, the Purchasers or any holder of a Note in connection with such
transactions and in connection with any amendments, waivers or consents under
or in respect of this Agreement, the Subsidiary Guaranty, or the Notes (whether
or not such amendment, waiver or consent becomes effective), including, without
limitation: (a) the costs and expenses incurred in enforcing or defending (or
determining whether or how to enforce or defend) any rights under this
Agreement, the Subsidiary Guaranty, or the Notes or in responding to any
subpoena or other legal process or informal investigative demand issued in
connection with this Agreement, the Subsidiary Guaranty, or the Notes, or by
reason of being a holder of any Note, and (b) the costs and expenses, including
financial advisors’ fees, incurred in connection with the insolvency or
bankruptcy of the Company or any Subsidiary or in connection with any work-out
or restructuring of the transactions contemplated hereby and by the Notes.  Notwithstanding the foregoing, the Company
shall not be obligated to reimburse Prudential for costs and expenses
(including those of Bingham McCutchen LLP, special counsel to Prudential)
incurred in connection with the preparation and negotiation of this Agreement
and the Subsidiary Guaranty, other than fees and expenses of Bingham McCutchen
in an aggregate amount not to exceed $10,000. 
The Company will pay, and will save Prudential, each Purchaser and each
other holder of a Note harmless from, all claims in respect of any fees, costs
or expenses if any, of brokers and finders (other than any broker or finder
engaged by Prudential or any Purchaser).

15.2.                     Survival.  The obligations of the Company under this
Section 15 will survive the payment or transfer of any Note, the enforcement,
amendment or waiver of any provision of this Agreement, the Subsidiary
Guaranty, or the Notes, and the termination of this Agreement.

 40

16.                               Survival
Of Representations And Warranties; Entire Agreement.  All representations and warranties contained
herein shall survive the execution and delivery of this Agreement and the
Notes, the purchase or transfer by any Purchaser of any Note or portion thereof
or interest therein and the payment of any Note, and may be relied upon by any
subsequent holder of a Note, regardless of any investigation made at any time
by or on behalf of any Purchaser or any other holder of a Note.  All statements contained in any certificate
or other instrument delivered by or on behalf of the Company or any Subsidiary
pursuant to this Agreement shall be deemed representations and warranties of
the Company under this Agreement.  Subject
to the preceding sentence, this Agreement and the Notes embody the entire
agreement and understanding among Prudential, the Purchasers and the Company
and supersede all prior agreements and understandings relating to the subject
matter hereof.

17.                               Amendment
And Waiver.

17.1.                     Requirements.  This Agreement and the Notes may be amended,
and the Company may take any action herein prohibited, or omit to perform any
act herein required to be performed by it, if the Company shall obtain the
written consent to such amendment, action or omission to act, of the Required
Holder(s) of the Notes of each Series except that, (i) with the written consent
of the holders of all Notes of a particular Series, and if an Event of Default
shall have occurred and be continuing, of the holders of all Notes of all Series,
at the time outstanding (and not without such written consents), the Notes of
such Series may be amended or the provisions thereof waived to change the
maturity thereof, to change or affect the principal thereof, or to change or
affect the rate or time of payment of interest on or any Yield-Maintenance
Amount payable with respect to the Notes of such Series, (ii) without the
written consent of the holder or holders of all Notes at the time outstanding,
no amendment to or waiver of the provisions of this Agreement shall change or
affect the provisions of Section 12 or this Section 17 insofar as such
provisions relate to proportions of the principal amount of the Notes of any
Series, or the rights of any individual holder of Notes, required with respect
to any declaration of Notes to be due and payable or with respect to any
consent, amendment, waiver or declaration, (iii) with the written consent of
Prudential (and not without the written consent of Prudential) the provisions
of Section 2B may be amended or waived (except insofar as any such amendment or
waiver would affect any rights or obligations with respect to the purchase and
sale of Notes which shall have become Accepted Notes prior to such amendment or
waiver), and (iv) with the written consent of all of the Purchasers which shall
have become obligated to purchase Accepted Notes of any Series (and not without
the written consent of all such Purchasers), any of the provisions of Sections
2B and 3 may be amended or waived insofar as such amendment or waiver would
affect only rights or obligations with respect to the purchase and sale of the
Accepted Notes of such Series or the terms and provisions of such Accepted
Notes.  Each holder of any Note at the
time or thereafter outstanding shall be bound by any consent authorized by this
Section 17, whether or not such Note shall have been marked to indicate such
consent, but any Notes issued thereafter may bear a notation referring to any
such consent.

17.2.                     Solicitation
Of Holders Of Notes.  The Company
will provide each holder of the Notes (irrespective of the amount of Notes then
owned by it) with sufficient information, sufficiently far in advance of the
date a decision is required, to enable such holder to make an informed and
considered decision with respect to any proposed amendment, waiver or

 41
 

consent in respect of any of the provisions hereof or
of the Notes.  The Company will deliver
executed or true and correct copies of each amendment, waiver or consent
effected pursuant to the provisions of this Section 17 to each holder of
outstanding Notes promptly following the date on which it is executed and
delivered by, or receives the consent or approval of, the requisite holders of
Notes.

17.3.                     Binding
Effect, Etc.  Any amendment or waiver
consented to as provided in this Section 17 applies equally to all holders of
Notes and is binding upon them and upon each future holder of any Note and upon
the Company without regard to whether such Note has been marked to indicate
such amendment or waiver.  No such amendment
or waiver will extend to or affect any obligation, covenant, agreement, Default
or Event of Default not expressly amended or waived or impair any right
consequent thereon.  No course of dealing
between the Company and the holder of any Note nor any delay in exercising any
rights hereunder or under any Note shall operate as a waiver of any rights of
any holder of such Note.  As used herein,
the term “this Agreement” and references thereto shall mean this Agreement as
it may from time to time be amended or supplemented.

17.4.                     Notes Held By
Company, Etc.  Solely for the purpose
of determining whether the holders of the requisite percentage of the aggregate
principal amount of Notes or any Series thereof then outstanding have approved
or consented to any amendment, waiver or consent to be given under this
Agreement or the Notes or any Series thereof, or have directed the taking of
any action provided herein or in the Notes or any Series thereof to be taken
upon the direction of the holders of a specified percentage of the aggregate
principal amount of Notes or any Series thereof then outstanding, Notes
directly or indirectly owned by the Company or any of its Affiliates (other
than U.S. Trust Company of California N.A. (other than in its capacity as
trustee of a Plan)) shall be deemed not to be outstanding.

18.                               Notices.  All notices and communications provided for
hereunder (other than communications provided for in Section 2) shall be in
writing and sent (a) by facsimile if the sender on the same day sends a confirming
copy of such notice by a recognized overnight delivery service (charges
prepaid), or (b) by a recognized overnight delivery service (with charges
prepaid).  Any such notice must be sent:

(i)                                    if
to a Purchaser or its nominee, to such Person at the address specified for such
communications in the Purchaser Schedule attached to the applicable
Confirmation of Acceptance, or at such other address as such Person shall have
specified to the Company in writing,

(ii)                                if
to any other holder of any Note, to such holder at such address as such other
holder shall have specified to the Company in writing, or

(iii)                            if to
the Company, at its address set forth at the beginning of this Agreement to the
attention of the Chief Financial Officer or at such other address as the
Company shall have specified to the holder of each Note in writing.

 42
 

Notices under this Section 18 will be deemed to have
been given and received when delivered at the address so specified.  Any communication pursuant to Section 2 shall
be made by the method specified for such communication in Section 2, and shall
be effective to create any rights or obligations under this Agreement only if,
in the case of a telephone communication, an Authorized Officer of the party
conveying the information and of the party receiving the information are
parties to the telephone call, and in the case of a telefacsimile
communication, the communication is signed by an Authorized Officer of the
party conveying the information, addressed to the attention of an Authorized
Officer of the party receiving the information, and in fact received at the
telefacsimile terminal the number of which is listed for the party receiving
the communication on the Information Schedule or at such other telefacsimile
terminal as the party receiving the information shall have specified in writing
to the party sending such information.

19.                               Reproduction
Of Documents.  This Agreement and all
documents relating thereto, including, without limitation, (a) consents,
waivers and modifications that may hereafter be executed, (b) documents
received by any Purchaser on any Closing Day (except the Notes themselves), and
(c) financial statements, certificates and other information previously or
hereafter furnished to any Purchaser, may be reproduced by such Purchaser by
any photographic, photostatic, microfilm, microcard, miniature photographic or
other similar process and such Purchaser may destroy any original document so
reproduced.  The Company agrees and
stipulates that, to the extent permitted by applicable law, any such
reproduction shall be admissible in evidence as the original itself in any
judicial or administrative proceeding (whether or not the original is in
existence and whether or not such reproduction was made by such person in the
regular course of business) and any enlargement, facsimile or further
reproduction of such reproduction shall likewise be admissible in
evidence.  This Section 19 shall not
prohibit the Company or any holder of Notes from contesting any such
reproduction to the same extent that it could contest the original, or from
introducing evidence to demonstrate the inaccuracy of any such reproduction.

20.                               [Intentionally
Omitted.]

21.                               [Intentionally
Omitted.]

22.                               Confidential
Information.  For purposes of this
Section 22, “Confidential Information” means
information delivered to a Purchaser by or on behalf of the Company or any
Subsidiary in connection with the transactions contemplated by or otherwise
pursuant to this Agreement that is proprietary in nature and that was clearly
marked or labeled or otherwise adequately identified in writing when received
by such Purchaser as being confidential information of the Company or such
Subsidiary, provided that such term does not include information that (a) was
publicly known or otherwise known to such Purchaser prior to the time of such
disclosure, (b) subsequently becomes publicly known through no act or omission
by such Purchaser or any person acting on such Purchaser’s behalf, (c)
otherwise becomes known to such Purchaser other than through disclosure by the
Company or any Subsidiary or (d) constitutes financial statements or other
information delivered to such Purchaser under Section 7.1 that are otherwise
publicly available.  Each Purchaser will
maintain the confidentiality of such Confidential Information in accordance
with procedures adopted by it in good faith to protect confidential information
of third parties delivered to it, provided that each Purchaser may deliver

 43
 

or disclose Confidential Information to (i) its
directors, officers, employees, agents, attorneys and affiliates (to the extent
such disclosure reasonably relates to the administration of the investment
represented by its Notes), (ii) its financial advisors and other professional
advisors who agree to hold confidential the Confidential Information
substantially in accordance with the terms of this Section 22, (iii) any other
holder of any Note, (iv) any Institutional Investor to which it sells or offers
to sell a Note or any part thereof or any participation therein (if such Person
has agreed in writing prior to its receipt of such Confidential Information to
be bound by the provisions of this Section 22), (v) any Person from which such
Purchaser offers to purchase any security of the Company (if such Person has agreed
in writing prior to its receipt of such Confidential Information to be bound by
the provisions of this Section 22), (vi) any federal or state regulatory
authority having jurisdiction over such Purchaser, (vii) the National
Association of Insurance Commissioners or any similar organization, or any
nationally recognized rating agency that requires access to information about
such Purchaser’s investment portfolio or (viii) any other Person to which such
delivery or disclosure may be necessary or appropriate (w) to effect compliance
with any law, rule, regulation or order applicable to such Purchaser, (x) in
response to any subpoena or other legal process, (y) in connection with any
litigation to which such Purchaser is a party or (z) if an Event of Default has
occurred and is continuing, to the extent such Purchaser may reasonably
determine such delivery and disclosure to be necessary or appropriate in the
enforcement or for the protection of the rights and remedies under its Notes
and this Agreement.  Each holder of a
Note, by its acceptance of a Note, will be deemed to have agreed to be bound by
and to be entitled to the benefits of this Section 22 as though it were a party
to this Agreement.  On reasonable request
by the Company in connection with the delivery to any holder of a Note of
information required to be delivered to such holder under this Agreement or
requested by such holder (other than a holder that is a party to this Agreement
or its nominee), such holder will enter into an agreement with the Company
embodying the provisions of this Section 22.

23.                               Miscellaneous.

23.1.                     Successors
And Assigns.  All covenants and other
agreements contained in this Agreement by or on behalf of any of the parties
hereto bind and inure to the benefit of their respective successors and assigns
(including, without limitation, any subsequent holder of a Note) whether so
expressed or not.

23.2.                     Payments Due
On Non-Business Days.  Anything in
this Agreement or the Notes to the contrary notwithstanding, any payment of principal
of or Make-Whole Amount or interest on any Note that is due on a date other
than a Business Day shall be made on the next succeeding Business Day without
including the additional days elapsed in the computation of the interest
payable on such next succeeding Business Day.

23.3.                     Severability.  Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions of this Agreement, and any such
prohibition or unenforceability in any jurisdiction shall (to the full extent
permitted by law) not invalidate or render unenforceable such provision in any
other jurisdiction.

 44
 

23.4.                     Construction.  Each covenant contained herein shall be
construed (absent express provision to the contrary) as being independent of
each other covenant contained herein, so that compliance with any one covenant
shall not (absent such an express contrary provision) be deemed to excuse
compliance with any other covenant. 
Where any provision herein refers to action to be taken by any Person,
or which such Person is prohibited from taking, such provision shall be
applicable whether such action is taken directly or indirectly by such Person.

23.5.                     Counterparts.  This Agreement may be executed in any number
of counterparts, each of which shall be an original but all of which together
shall constitute one instrument.  Each
counterpart may consist of a number of copies of this Agreement, each signed by
less than all, but together signed by all, of the parties hereto.

23.6.                     Governing
Law.  This Agreement shall be
construed and enforced in accordance with, and the rights of the parties shall
be governed by, the law of the State of New York excluding choice-of-law
principles of the law of such State that would require the application of the
laws of a jurisdiction other than such State.

23.7.                     Severability
Of Obligations.  The sales of Notes
to the Purchasers are to be several sales, and the obligations of the
Purchasers under this Agreement are several obligations. No failure by any
Purchaser to perform its obligations under this Agreement shall relieve any
other Purchaser or the Company of any of their respective obligations hereunder,
and no Purchaser shall be responsible for the obligations of, or any action
taken or omitted by, any other Purchaser hereunder.

[THE
REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

 45
 

If you are in agreement with the foregoing, please
sign the form of agreement on the accompanying counterpart of this Agreement
and return it to the Company, whereupon the foregoing shall become a binding
agreement between us.  This Agreement
shall also inure to the benefit of each Purchaser which shall have executed and
delivered a Confirmation of Acceptance, and each such Purchaser shall be bound
by this Agreement to the extent provided in such Confirmation of Acceptance.

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  AECOM
  Technology Corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  	
   

  
						

 

The foregoing is hereby

agreed to as of the date

thereof.

	
  PRUDENTIAL INVESTMENT
  MANAGEMENT, INC.

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
  Vice President

  	
   

  
					

 

 46Exhibit
10.6

	
  Eric Chen

  	
  

  
	
  Senior Vice President, Corporate Finance and General
  Counsel

  
	
   

  
	
  AECOM

  
	
  555 South Flower Street, 37th Floor, Los Angeles,
  California 90071-2300

  
	
  T 213.593.8719 
  F 213.593.8597 E eric.chen@aecom.com 
  www.aecom.com

  

 

January 9, 2007

HSBC Bank USA, National
Association and each of its affiliates

and their respective branches and any of

their subsidiaries

c/o HSBC Bank USA

452 Fifth Avenue, 5th Floor

New York, NY  10018

CONTINUING GUARANTEE

1.             For valuable consideration, the undersigned
AECOM Technology Corporation, a corporation incorporated under the laws of the
State of Delaware in the United States of America (hereinafter together with
its successors and assigns called “the Guarantor”), unconditionally guarantees
and promises to pay promptly upon first demand to HSBC Bank USA, National
Association (“HSBC”) and/or any other member of the HSBC Group listed in
Exhibit A hereto, their respective branches and any of their subsidiaries,
together with each of their successors and assigns (hereinafter collectively
defined as “the Banks”), in lawful money in the relevant currency the
Indebtedness (hereinafter defined) of those affiliates of AECOM Technology
Corporation (hereinafter defined as “the Borrowers”) under the Facility
Agreement dated 16 May 2001 (hereinafter together with any definitive
documentation between a Bank and a Borrower which implements any local credit
facility contemplated thereby and including any renewals or replacements
thereof, defined as the “Facility Agreement”).

The Banks are defined in
Exhibit A and the Borrowers, as per this day are also listed in Exhibit B, as
said Exhibit may be amended from time to time. 
Other entities may be added by amendments to Exhibit A and Exhibit
B.  Such amendments shall be signed by
the Guarantor or an authorized signatory of the Guarantor and thereafter form
part of this Guarantee subject to the prior written consent of HSBC.

The Guarantor’s liability
for the Indebtedness of the Borrowers is limited in the aggregate to the
amount, or its equivalent in any alternative currency of drawing, of USD $50,000,000,
plus interest and charges and costs in accordance with clause b) below.

The term “Indebtedness” is
used herein in its most comprehensive sense and includes:

a)             all monies in any currency owing by the
Borrowers to the Banks at any time, actually or contingently, in any capacity,
alone or jointly with any other person under the Facility Agreement;

b)            interest on such monies (both before and
after any demand or judgment) to the date on which the Banks receive payment at
the rates payable by the Borrowers or which would have been payable but for any
circumstance which restricts payment; and

c)             all Bank and other charges payable by the
Borrowers to the Banks with respect to such monies.  Monies included in the term “Indebtedness”
shall be included whether or not recovery of such monies may be or hereafter
become barred by any statute of limitations, or whether such Indebtedness may
or hereafter become unenforceable.

2.             This is a continuing guarantee of payment
relating to any Indebtedness, including that arising under successive
transactions which shall either continue the Indebtedness or from time to time
renew it after it has been satisfied. 
This Guarantee shall not apply to any Indebtedness created after actual
receipt by the relevant Bank of written notice by the Guarantor of its
revocation as to future transactions, but shall continue to apply to all
Indebtedness owing (whether actually or contingently and whether or not demand
shall have been made therefore at the date of receipt of such notice).  Concerning lease agreements, the Indebtedness
covering the whole lease term under each lease agreement shall be considered as
created through the lease agreement or if there is a lease agreement under a
general agreement, the general agreement.

3.             The Guarantor declares that it has an
interest in credit facilities granted or to be granted by the Banks to the
Borrowers and that issuing this Guarantee to secure the fulfillment of
obligations of the Borrowers defined in Exhibit B with amendments is in
furtherance of the objectives of the Guarantor.

4.             The obligations hereunder are independent of
the obligations of the Borrowers and a separate action or actions may be
brought and prosecuted against the Guarantor whether action is brought against
the Borrowers or whether the Borrowers be joined in any such action or actions.

5.             The Guarantor authorizes the Banks to
relinquish or renounce a pledge, mortgage, or whatever other security acquired
or to be acquired by the Banks, without the Guarantor’s liability towards the
Banks being terminated or diminished in any way.

6.             The Guarantor agrees that the Banks may at
any time, without affecting the validity or effectiveness of this Guarantee:

a)             vary the terms of or renew or determine any
credit or other facilities made available by the Banks to the Borrowers or any
of them;

b)            grant any time or indulgence or compound with
any of the Borrowers; or

c)             omit to do or do any other things which but
for the provisions of this Clause might discharge or otherwise affect the
liability of the Guarantor under this Guarantee.

7.             The Guarantor waives any right to require any
Bank to:

a)             proceed against the Borrowers;

b)            proceed against or exhaust any security held
from the Borrowers or from any third party; or

c)             pursue any other remedy in the Bank’s power
whatsoever.

 2
 

The Guarantor waives any
defense arising by reason of any disability or other defense of the Borrowers
or by reason of the cessation from any cause whatsoever of the liability of the
Borrowers.  Until all Indebtedness of the
Borrowers to the Banks shall have been paid in full, the Guarantor shall have
no right of subrogation, and waives any right to enforce any remedy which the
Banks now have or may hereafter have against the Borrowers, and waive any
benefit of, and any right to participate in any security now or hereafter held
by the Banks.  The Guarantor waives all
presentments, demands for performance, notices of non-performance, protests,
notices of protest, notices of dishonor, and notices of acceptance of this
Guarantee and of the existence, creation, or incurring of new or additional
Indebtedness.

8.             Upon the demand upon the Guarantor by the
Banks for payment, which amount goes unpaid for a period of five (5) business
days after demand therefor, any Indebtedness of the Borrowers now or hereafter
held by the Guarantor shall be subordinated to the Indebtedness of the
Borrowers to the Banks; and such Indebtedness of the Borrowers to the Guarantor
if the Banks so request in writing shall be collected, enforced and received by
the Guarantor as trustee of the Banks and be paid over to the Banks on account
of the Indebtedness of the Borrowers to the Banks but without reducing or affecting
in any manner the liability of the Guarantor under the other provisions of the
Guarantee.

9.             The Guarantor agrees to pay all reasonable
attorneys’ fee and all other costs and expenses which may be incurred by the
Banks in enforcement of the Guarantee. 
Each payment to be made by the Guarantor hereunder shall be free and
clear of, and without deductions for or on account of any present or future
taxes, imposts, charges, levies, compulsory loans or other withholdings or
deductions whatsoever.  If the Guarantor
shall be required by applicable law to make any such deduction from any payment
hereunder, (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 paragraph) the relevant Bank receives an
amount equal to the sum it would have received had no deductions been made,
(ii) the Guarantor shall make such deductions, and (iii) the Guarantor shall
pay the full amount deducted to the relevant taxation authority or other
authority in accordance with applicable law. 
In addition, the Guarantor agrees to pay, if necessary, all stamp,
documentary, or similar taxes or any other excise or property taxes, charges or
similar levies which arise from any payment made hereunder or from the
execution, delivery or registration of, or otherwise with respect to, this
instrument.

10.           Any amount recoverable by the Banks under this Guarantee shall be paid
to the Banks or order as the Banks from time to time direct.

11.           Where there is but a single Borrower, or where a single Bank is
granting a credit, then all words used herein in the plural shall be deemed to
have been used in the singular where the context and construction so require.

12.           This Guarantee shall be construed in accordance with the New York
law.  The Guarantor and the Banks agree
to the non-exclusive jurisdiction of the courts of the State of New York
sitting in New York City and of the United States District Court sitting in New
York City in any action or proceeding arising out of or relating to this
Guaranty.  The Guarantor hereby waives,
to the fullest extent permitted by applicable law, any right it

 3
 

may have to a trial by jury in any legal
proceeding directly or indirectly out of or relating to this Guaranty or the
transactions contemplated hereby (whether based on contract, tort or any other
theory).

	
  AECOM TECHNOLOGY CORPORATION

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  //Eric Chen

  	
   

  
	
  Name:

  	
  Eric Chen

  
	
  Title:

  	
  Senior Vice President, Corporate Finance and General
  Counsel

  
	
   

  	
   

  
	
   

  	
   

  
	
  AGREED AND
  ACCEPTED

  	
   

  
	
  HSBC Bank USA,
  National Association

  	
   

  
	
   

  	
   

  
	
  By:

  	
  //Bryan R. DeBroka

  	
   

  
	
  Name:

  	
  Bryan R. DeBroka

  
	
  Title:

  	
  Vice President

  
				

 

 4
 

EXHIBIT A

To Continuing Guarantee, issued by AECOM Technology Corporation

List
of the Banks extending credit facilities under the Facility Agreement

(Global Facility dated 16 May 2001) which are covered by the Guarantee:

HSBC Bank USA, National Association, its branches and any of its
subsidiaries; and

The Hong Kong and Shanghai Banking Corporation Limited, Hong Kong, its
branches in Hong Kong and any of its subsidiaries operating in Hong Kong; and

The Hong Kong and Shanghai Banking Corporation Limited, Singapore
Branch; and

The Hong Kong and Shanghai Banking Corporation Limited, Philippines
Branch; and

HSBC Bank Australia Limited, its branches and any of its subsidiaries;
and

HSBC Bank Middle East, United Arab Emirates, its branches and any of
its subsidiaries; and

HSBC Bank plc, United Kingdom, its branches and any of its subsidiaries;
and

The Hong Kong and Shanghai Banking Corporation Limited, New Zealand
Branch.

 5
 

EXHIBIT B

To
Continuing Guarantee, issued by AECOM Technology Corporation on October 21,
2005 in favour of the Banks as provided in Exhibit A from time to time in
relation to credit facilities falling under the Facility Agreement:

	
  Borrower

  	
   

  	
  Amount

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  AECOM Global
  Treasury BV

  	
   

  	
  US$

  	
  800,000

  	
   

  
	
  Maunsell Limited
  and its New Zealand Subsidiaries

  	
   

  	
  US$

  	
  4,250,000

  	
   

  
	
  Maunsell
  Consultants Asia Ltd and its fellow

  	
   

  	
   

  	
   

  	
   

  
	
  Hong Kong
  Entities

  	
   

  	
  US$

  	
  8,270,000

  	
   

  
	
  FaberMaunsell
  Limited and its UK Entities

  	
   

  	
  US$

  	
  2,680,000

  	
   

  
	
  AECOM Australia
  Pty Ltd, and its Australian Entities

  	
   

  	
  US$

  	
  6,400,000

  	
   

  
	
  Maunsell
  Consultants Singapore Pte Ltd

  	
   

  	
  US$

  	
  1,190,000

  	
   

  
	
  Maunsell Consultancy
  Services Limited – Abu Dhabi

  	
   

  	
   

  	
   

  	
   

  
	
  and Cansult
  Limited

  	
   

  	
  US$

  	
  20,000,000

  	
   

  
	
  Maunsell Limited
  – Greece Branch

  	
   

  	
  US$

  	
  300,000

  	
   

  
	
  F R. Harris Inc.

  	
   

  	
  US$

  	
  110,000

  	
   

  
	
  ENSR
  International Brasil, Ltda

  	
   

  	
  US$

  	
  1,000,000

  	
   

  
	
  Maunsell
  Consultancy Services Limited – Qatar

  	
   

  	
  US$

  	
  5,000,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total

  	
   

  	
  US$

  	
  50,000,000

  	
   

  

 

 6

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