Document:

Exhibit
      10.3

    

    FIRST
      AMENDMENT TO CREDIT AGREEMENT

    

    THIS
      FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”)
      dated
      as of May 5, 2006 is by and among AUTOZONE, INC., a
      Nevada
      corporation (the “Borrower”),
      the
      Lenders party hereto, BANK OF AMERICA, N.A., as
      Administrative Agent, and WACHOVIA BANK, NATIONAL ASSOCIATION, as Syndication
      Agent.

    

    W
      I T N E
      S S E T H

    

    WHEREAS,
      a $300,000,000 term loan has been established pursuant to the terms of that
      certain Credit Agreement dated as of December 23, 2004 (as amended, restated,
      modified or supplemented from time to time, the “Credit
      Agreement”)
      among
      the Borrower, the Lenders from time to time party thereto, the Administrative
      Agent and the Syndication Lender;

    

    WHEREAS,
      the Borrower has requested that the Lenders amend the Credit Agreement to modify
      certain provisions contained therein; and

    

    WHEREAS,
      the Required Lenders have agreed to amend the Credit Agreement on the terms
      and
      subject to the conditions set forth herein.

    

    NOW,
      THEREFORE, IN CONSIDERATION of the premises and other good and valuable
      consideration, the receipt and sufficiency of which are hereby acknowledged,
      the
      parties hereto agree as follows:

    

    1. Defined
      Terms.
      Capitalized terms used herein but not otherwise defined herein shall have the
      meanings provided to such terms in the Credit Agreement.

    

    2. Amendments.
      Effective upon the satisfaction of the conditions precedent set forth in Section
      3 hereof, the Credit Agreement is hereby amended as follows:

    

    (a) The
      Credit Agreement is hereby amended by replacing each reference to “Fleet
      National Bank” and “Fleet” therein with a reference to “Bank of America, N.A.”
and “Bank of America”.

    

    (b) Section
      1.1 of the Credit Agreement is hereby amended by amending the definition of
      “Applicable Percentage” to delete the next to the last sentence thereof and
      replace it with the following: 

    

    “Such
      determinations by the Administrative Agent shall be conclusive, absent
      convincing evidence to the contrary.”

    

    (c) Section
      1.1 of the Credit Agreement is hereby further amended by amending the definition
      of “Consolidated EBITDA” to insert the following phrase at the end of the first
      sentence thereof, immediately prior to the reference to “.”:

    

    “or
      otherwise defined herein”

    

    (d) Section
      1.1 of the Credit Agreement is hereby further amended by amending the definition
      of “Consolidated Net Income” to insert the following phrase immediately
      following the word “excluding”:

    

    “(i)
      share-based expenses and all other non-cash charges (other than any such charges
      that would result in an accrual or a reserve for cash charges in the future),
      and (ii)”

    

    (e) Section
      1.1 of the Credit Agreement is hereby further amended by amending the definition
      of “Consolidated Rents” to insert the following phrase at the end of the first
      sentence thereof, immediately prior to the reference to “.”:

    

    “,
      but
      excluding rental expense related to any operating lease that has been converted
      to a Capital Lease”

    

    (f) Section
      1.1 of the Credit Agreement is hereby further amended by deleting the definition
      of “Funded Indebtedness” in its entirety and replacing it with the
      following:

    

    “Funded
      Indebtedness”
means,
      with respect to any Person (for purposes of this sentence only, the
      "Debtor"),
      without duplication and on a consolidated basis, (i) all Indebtedness of such
      Debtor for borrowed money; (ii) all purchase money Indebtedness of such Debtor,
      including without limitation the principal portion of all obligations of such
      Debtor under Capital Leases; (iii) all Guaranty Obligations of such Debtor
      with
      respect to Funded Indebtedness of another Person; (iv) the maximum amount of
      all
      (x) drawn and unreimbursed documentary letters of credit, (y) standby letters
      of
      credit and (z) bankers acceptances, in each case issued or created for the
      account of such Debtor and, without duplication, all drafts drawn thereunder
      (to
      the extent unreimbursed); and (v) all Funded Indebtedness of another Person
      secured by a Lien on any Property of such Debtor, whether or not such Funded
      Indebtedness has been assumed. The Funded Indebtedness of any Person shall
      include the Funded Indebtedness of any partnership or joint venture in which
      such Person is a general partner or joint venturer.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (g) Section
      1.1 of the Credit Agreement is hereby further amended by deleting the definition
      of “Indebtedness” in its entirety and replacing it with the
      following:

    

    “Indebtedness”
of
      any
      Person means (i) all obligations of such Person for borrowed money, (ii) all
      obligations of such Person evidenced by bonds, debentures, notes or similar
      instruments, or upon which interest payments are customarily made, (iii) all
      obligations of such Person under conditional sale or other title retention
      agreements relating to Property purchased by such Person (other than customary
      reservations or retentions of title under agreements with suppliers entered
      into
      in the ordinary course of business), (iv) all obligations of such Person issued
      or assumed as the deferred purchase price of Property or services purchased
      by
      such Person (other than trade debt incurred in the ordinary course of business
      and due within six months of the incurrence thereof) which would appear as
      liabilities on a balance sheet of such Person, (v) all obligations of such
      Person under take-or-pay or similar arrangements or under commodities
      agreements, (vi) all Indebtedness of others secured by (or for which the holder
      of such Indebtedness has an existing right, contingent or otherwise, to be
      secured by) any Lien on, or payable out of the proceeds of production from,
      Property owned or acquired by such Person, whether or not the obligations
      secured thereby have been assumed, (vii) all Guaranty Obligations of such
      Person, (viii) the principal portion of all obligations of such Person under
      Capital Leases, (ix) all obligations of such Person in respect of interest
      rate
      protection agreements, foreign currency exchange agreements, commodity purchase
      or option agreements or other interest or exchange rate or commodity price
      hedging agreements, (x) subject to the proviso below, the maximum amount of
      all
      letters of credit issued or bankers’ acceptances created for the account of such
      Person and, without duplication, all drafts drawn thereunder (to the extent
      unreimbursed), (xi) all preferred stock issued by such Person and required
      by
      the terms thereof to be redeemed, or for which mandatory sinking fund payments
      are due, by a fixed date and (xii) the principal balance outstanding under
      any
      synthetic lease, tax retention operating lease, off-balance sheet loan or
      similar off-balance sheet financing product to which such Person is a party,
      where such transaction is considered borrowed money indebtedness for tax
      purposes but is classified as an operating lease in accordance with GAAP;
provided
      that
      Indebtedness shall not include (i) any documentary letters of credit or other
      letters of credit used by such Person for the financing of inventory in the
      ordinary course of business, except to the extent such letters of credit have
      been drawn upon and unreimbursed or (ii) any amounts received by such Person
      pursuant to a Commercial Credit Business Arrangement. The Indebtedness of any
      Person shall include the Indebtedness of any partnership or joint venture in
      which such Person is a general partner or a joint venturer.

    

    (h) Section
      1.1 of the Credit Agreement is hereby further amended by amending the definition
      of “Mexican Subsidiaries” to insert the following phrase immediately prior to
      the first reference to “and”:

    

    “Controladora
      AutoZone, S. de R.L. de C.V.,”

    

    (i) Section
      1.1 of the Credit Agreement is hereby further amended to insert the following
      definition in the appropriate alphabetical order:

    

    "Arrangers"
      means
      Banc of America Securities LLC and Wachovia Capital Markets, LLC, together
      with
      any successors or assigns. 

    

    “Bank
      of America”
means
      Bank of America, N.A. and its successors, as successor to Fleet National
      Bank.

    

    (j) Section
      3.2 of the Credit Agreement is hereby amended by deleting the reference to
“2:00
      P.M.” and replacing it with a reference to “11:00 A.M.”.

    

    (k) Section
      3.2 of the Credit Agreement is hereby further amended by deleting the second
      sentence thereof in its entirety and replacing it with the
      following:

    

    “Each
      such extension or conversion shall be effected by a Financial Officer of the
      Borrower giving a Notice of Extension/Conversion (or telephone notice promptly
      confirmed in writing) to the Administrative Agent prior to 11:00 A.M. on the
      third Business Day prior to, in the case of the extension of a Eurodollar Loan
      as, or conversion of a Base Rate Loan into, a Eurodollar Loan, the date of
      the
      proposed extension or conversion, specifying the date of the proposed extension
      or conversion, the Loans to be so extended or converted, the types of Loans
      into
      which such Loans are to be converted and, if appropriate, the applicable
      Interest Periods with respect thereto.”

    

    (l) Section
      3.15(c) of the Credit Agreement is hereby amended by deleting the phrase “prima
      facie, but not conclusive” and replacing it with the phrase “conclusive, absent
      convincing evidence to the contrary”.

    

    (m) Section
      5.11(b) of the Credit Agreement is hereby deleted in its entirety and replaced
      with the following:

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    “(b) Neither
      the Borrower nor any of its Subsidiaries is subject to regulation under the
      Federal Power Act or the Investment Company Act of 1940, each as amended. In
      addition, neither the Borrower nor any of its Subsidiaries is an "investment
      company" registered or required to be registered under the Investment Company
      Act of 1940, as amended, and is not controlled by such a company.”

    

    (n) Section
      6.1(a) of the Credit Agreement is hereby amended by deleting the phrase “a
      consolidated balance sheet and income statement of the Borrower and its
      Subsidiaries, as of the end of such fiscal year, together with related
      consolidated statements of operations and retained earnings and of cash flows”
and replacing it with the following:

    

    “as
      of
      the end of such fiscal year, a consolidated balance sheet, consolidated
      statement of income, consolidated statement of stockholders’ equity and
      consolidated statement of cash flows of the Borrower and its
      Subsidiaries”

    

    (o) Section
      6.1(b) of the Credit Agreement is hereby deleted in its entirety and replaced
      with the following:

    

    “(b) Quarterly
      Financial Statements.
      Beginning with the fiscal quarter ending May 6, 2006, as soon as available,
      and
      in any event within the earlier of (i) the 50th
      day
      after the end of each of the first three fiscal quarters of each fiscal year
      of
      the Borrower and (ii) the day that is five (5) Business Days after the date
      the
      Borrower's quarterly report on Form 10-Q is required to be filed with the
      Securities and Exchange Commission, as of the end of such fiscal quarter,
      together with a related condensed consolidated balance sheet, a condensed
      consolidated statement of income and a condensed consolidated statement of
      cash
      flows of the Borrower and its Subsidiaries for such fiscal quarter, in each
      case
      setting forth in comparative form consolidated figures for the corresponding
      period of the preceding fiscal year, except for the condensed consolidated
      balance sheet that will be presented in comparative form to the Borrower’s most
      recent audited consolidated balance sheet, all such financial information
      described above to be in reasonable form and detail and reasonably acceptable
      to
      the Administrative Agent, and accompanied by a certificate of a Financial
      Officer of the Borrower to the effect that such quarterly financial statements
      fairly present in all material respects the financial condition of the Borrower
      and its Subsidiaries and have been prepared in accordance with GAAP, subject
      to
      changes resulting from audit and normal year-end audit adjustments.

    

    (p) Section
      6.1(e) of the Credit Agreement is hereby deleted in its entirety and replaced
      with the following:

    

    “(e) Notices.
      The
      Borrower will give written notice to the Administrative Agent (a) immediately
      upon obtaining knowledge thereof, of the occurrence of an event or condition
      consisting of a Default or Event of Default, specifying the nature and existence
      thereof and what action the Borrower proposes to take with respect thereto
      and
      (b) upon occurrence of any of the following with respect to the Borrower or
      any
      of its Subsidiaries: (i) promptly upon the Borrower’s determination thereof, the
      pendency or commencement of any litigation, arbitral or governmental proceeding
      against such Person which is reasonably likely to have a Material Adverse
      Effect, (ii) promptly upon the Borrower’s determination thereof, the institution
      of any proceedings against such Person with respect to, or the receipt of notice
      by such Person of potential liability or responsibility for violation, or
      alleged violation of any federal, state or local law, rule or regulation,
      including but not limited to, Environmental Laws, the violation of which would
      likely have a Material Adverse Effect, or (iii) immediately upon obtaining
      knowledge thereof, of any notice or determination concerning the imposition
      of
      any withdrawal liability by a Multiemployer Plan against such Person or any
      ERISA Affiliate, the determination that a Multiemployer Plan is, or is expected
      to be, in reorganization within the meaning of Title IV of ERISA or the
      termination of any Plan.”

    

    (q) Section
      7.5(c) of the Credit Agreement is hereby amended by deleting the reference
      to
“$50,000,000” therein and replacing it with a reference to
“$100,000,000”.

    

    (r) Section
      10.1(a)(ii) of the Credit Agreement is hereby deleted in its entirety and
      replaced with the following:

    

    “(ii) if
      to the
      Administrative Agent (for payments and requests for Credit
      Extensions):

    

    Bank
      of
      America, N.A.

    2001
      Clayton Road, Building B

    Mail
      Code: CA4-702-02-25

    Concord,
      CA 94520-2405

    Attention:
      Glenis Croucher

    Telephone:
      925-675-8328

    Facsimile:
      888-969-3315

    Electronic
      Mail: glenis.croucher@bankofamerica.com

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    Payment
      Instructions:

     

    Bank
      of
      America, N.A.

    New
      York,
      NY

    ABA
      # 026
      009 593

    Account
      No.: 3750836479

    Account
      Name: Credit Services #5596

    Ref:
      AutoZone

    

    Other
      notices to the Administrative Agent:

    

    Bank
      of
      America, N.A.

    Agency
      Management

    101
      North
      Tryon Street, 15th
      Floor

    Mail
      Code: NC1-001-15-14

    Charlotte,
      NC 28255

    Attention:
      Kimberly Crane

    Telephone:
      704-387-5451

    Facsimile:
      704-409-0901

    Electronic
      Mail: kimberly.crane@bankofamerica.com.”

     

    (s) Section
      10.3(b) of the Credit Agreement is hereby amended by deleting the phrase “of
      $3,500” and replacing it with the phrase “in accordance with Schedule
      10.3(c)”.

    

    (t) Section
      10 of the Credit Agreement is hereby further amended by inserting the following
      as a new Section 10.18:

    

    “10.18 No
      Advisory or Fiduciary Responsibility.

    

    In
      connection with all aspects of each transaction contemplated hereby, the
      Borrower acknowledges and agrees that: (i) the credit facility provided
      for hereunder and any related arranging or other services in connection
      therewith (including in connection with any amendment, waiver or other
      modification hereof or of any other Credit Document) are an arm’s-length
      commercial transaction between the Borrower and its Affiliates,
      on the one hand, and the Administrative Agent and the Arrangers, on the other
      hand, and the Borrower is capable of evaluating and understanding and
      understands and accepts the terms, risks and conditions of the transactions
      contemplated hereby and by the other Credit Documents (including any amendment,
      waiver or other modification hereof or thereof); (ii) in connection with the
      process leading to such transaction, the Administrative Agent and each Arranger
      is and has been acting solely as a principal and is not the financial advisor,
      agent or fiduciary, for the Borrower or any of its Affiliates,
      stockholders, creditors or employees or any other Person; (iii) neither the
      Administrative Agent nor either Arranger has assumed or will assume an advisory,
      agency or fiduciary responsibility in favor of the Borrower with respect to
      any
      of the transactions contemplated hereby or the process leading thereto,
      including with respect to any amendment, waiver or other modification hereof
      or
      of any other Credit Document (irrespective of whether the Administrative Agent
      or either
      Arranger has advised or is currently advising the Borrower or any of
      its Affiliates
      on other matters) and neither the Administrative Agent nor either Arranger
      has
      any obligation to the Borrower or any of its Affiliates with respect to the
      transactions contemplated hereby except those obligations expressly set forth
      herein and in the other Credit Documents; (iv) the Administrative Agent
      and the
      Arrangers and their respective Affiliates may be engaged in a broad range of
      transactions that involve interests that differ from those of the Borrower
      and
      its Affiliates, and neither the Administrative Agent nor either Arranger has
      any
      obligation to disclose any of such interests by virtue of any advisory, agency
      or fiduciary relationship arising out of the transactions contemplated hereby;
      and (v) the Administrative Agent and Arrangers have not provided and will not
      provide any legal, accounting, regulatory or tax advice with respect to any
      of
      the transactions contemplated hereby (including any amendment, waiver or other
      modification hereof or of any other Credit Document) and the Borrower has
      consulted its own legal, accounting, regulatory and tax advisors to the extent
      it has deemed appropriate. The Borrower hereby waives and releases, to the
      fullest extent permitted by law, any claims that it may have against the
      Administrative Agent and the Arrangers with respect to any breach or alleged
      breach of agency or fiduciary duty arising out of the transactions contemplated
      hereby.”

    

    (u) The
      Schedules to the Credit Agreement are hereby amended by (i) inserting Schedule
      10.3(c) and (ii) deleting Schedules 5.5 and 7.5 in their entirety and replacing
      them with Schedules 5.5 and 7.5 attached hereto as Exhibit A.

    

    3. Condition
      Precedent.
      This
      Amendment shall become effective as of the date hereof upon receipt by the
      Administrative Agent of the following:

    

    (a) counterparts
      of this Amendment duly executed by the Borrower and the Required
      Lenders;

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    (b) evidence
      that the “Closing Date” as defined in each of (i) that certain Four-Year Credit
      Agreement, dated as of the date hereof, by and among the Borrower, the Lenders
      from time to time party thereto and the Administrative Agent and (ii) that
      certain Second Amended and Restated Five-Year Credit Agreement, dated as of
      the
      date hereof, by and among the Borrower, the Lenders from time to time party
      thereto and the Administrative Agent have been has occurred, and such agreements
      have become effective; 

    

    (c) Fees.
      Any
      fees required to be paid on or before the First Amendment Effective Date shall
      have been paid.

    

    (d) Attorney
      Costs.
      Unless
      waived by the Administrative Agent, the Borrower shall have paid all costs
      and
      expenses of Moore & Van Allen PLLC, outside counsel to the Administrative
      Agent, to the extent invoiced prior to or on the First Amendment Effective
      Date,
plus
      such
      additional amounts as shall constitute its reasonable estimate of such costs
      and
      expenses incurred or to be incurred by it through the closing proceedings
      (provided that such estimate shall not thereafter preclude a final settling
      of
      accounts between the Borrower and the Administrative Agent).

    

    (e) Accuracy
      of Representations and Warranties.
      The
      representations and warranties of the Borrower and each other Loan Party
      contained in Section 4 hereof shall be true and correct on and as of the First
      Amendment Effective Date.

    

    (f) No
      Default.
      No
      Default shall exist and be continuing as of the First Amendment Effective
      Date.

    

    4. Representations
      and Warranties.
      The
      Borrower hereby
      represents and warrants that (a) it has the requisite organizational power
      and
      authority to execute, deliver and perform this Amendment, (b) it is duly
      authorized to, and has been authorized by all necessary organizational action
      to, execute, deliver and perform this Amendment, (c) no
      consent, approval, authorization or order of, or filing, registration or
      qualification with, any court or governmental authority or third party is
      required in connection with the execution, delivery or performance by it of
      this
      Amendment, (d) the execution, delivery and performance by it of this Amendment
      do not and will not conflict with, result in a breach of or constitute a default
      under the articles of incorporation, bylaws or other organizational documents
      of
      any Borrower or any of their Subsidiaries or any indenture or other material
      agreement or instrument to which any such Person is a party or by which any
      of
      its properties may be bound or the approval of any Governmental Authority
      relating to such Person except as could not reasonably be expected to have
      a
      Material Adverse Effect, (e)
      the
      representations and warranties contained in Article V of the Credit Agreement
      are true and correct in all material respects on and as of the date hereof
      as
      though made on and as of such date (except for those which expressly relate
      to
      an earlier date) and (f) after giving effect to this Amendment, no Default
      or
      Event of Default exists under the Credit Agreement on and as of the date hereof
      or will occur as a result of the transactions contemplated hereby. 

    

    5. No
      Other Changes; Ratification.
      Except
      as expressly modified hereby, all of the terms and provisions of the Credit
      Agreement (including schedules and exhibits thereto) and the other Credit
      Documents shall remain in full force and effect. The term “this Agreement” or
“Credit Agreement” and all similar references as used in each of the Credit
      Documents shall hereafter mean the Credit Agreement as amended by this
      Amendment. Except as herein specifically agreed, the Credit Agreement is hereby
      ratified and confirmed and shall remain in full force and effect according
      to
      its terms.

    

    6. Costs
      and Expenses.
      The
      Borrower agrees to pay all reasonable costs and expenses of the Administrative
      Agent in connection with the preparation, execution and delivery of this
      Amendment, including without limitation the reasonable fees and expenses of
      Moore & Van Allen, PLLC.

    

    7. Counterparts;
      Facsimile.
      This
      Amendment may be executed in any number of counterparts, each of which when
      so
      executed and delivered shall be deemed an original and it shall not be necessary
      in making proof of this Amendment to produce or account for more than one such
      counterpart. Delivery of an executed counterpart of this Amendment by telecopy
      or electronic mail by any party hereto shall be effective as such party’s
      original executed counterpart.

    

    8. Governing
      Law.
      This
      Amendment shall be deemed to be a contract made under, and for all purposes
      shall be construed in accordance with, the laws of the State of New
      York.

    

    9. Entirety.
      This
      Amendment and the other Credit Documents embody the entire agreement between
      the
      parties and supersede all prior agreements and understandings, if any, relating
      to the subject matter hereof. This Amendment and the other Credit Documents
      represent the final agreement between the parties and may not be contradicted
      by
      evidence of prior, contemporaneous or subsequent oral agreements of the parties.
      There are no oral agreements between the parties.

     

    

    [SIGNATURE
      PAGES FOLLOW]

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this
      Amendment to be duly executed and delivered as of the date first above
      written.

    

    BORROWER:     AUTOZONE,
      INC.

    

    By:
      /s/
      James A. Cook III

    Name:
      James A. Cook III

    Title:
      Vice President and Treasurer

    

    By:
      /s/
      Harry L. Goldsmith

    Name:
      Harry L. Goldsmith

    Title:
      Executive Vice President, Secretary &

    General
      Counsel

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    ADMINISTRATIVE

    AGENT:                         BANK
      OF AMERICA, N.A.,
      

    as
      Administrative Agent

    

    By:/s/
      Mollie S. Camp

    Name:
      Mollie S. Camp

    Title:
      Vice President

    

    LENDERS:                       
BANK
      OF AMERICA, N.A., 

    as
      a
      Lender

    

    By:
      /s/
      Dan Killian

    Name:
      Dan
      M. Killian

    Title:
      Senior Vice President

    

    

    Wachovia
      Bank, National Association

    

    By:
      /s/
      Anthony D. Braxton

    Name:
      Anthony D. Braxton

    Title:
      Director

    

    BNP
      PARIBAS

    

    By:
      /s/
      Brad Ellis

    Name:
      Brad Ellis

    Title:
      Vice President

    

    By:
      /s/
      Aurora Abella

    Name:
      Aurora Abella

    Title:
      Vice
      President

    

    

    [LENDER]
      Regions
      Bank

    

    By:
      /s/
      Corey Burgess

    Name:

    Title:
      Vice President

    

    

    Calyon
      New York Branch

    

    By:
      /s/
      David P. Cagle

    Name:
      David P. Cagle

    Title:
      Managing Director

    

    By:
      /s/
      Brian Myers

    Name:
      Brian Myers

    Title:
      Managing
      Director

    

    Union
      Bank of California N.A.

    

    By:
      /s/
      Theresa L. Rocha

    Name:
      Theresa L. Rocha

    Title:
      Vice President

    

    Fifth
      Third Bank

    

    By:
      /s/
      John K. Perez

    Name:
      John K. Perez

    Title:
      Vice President

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    [US
      Bank National Association]

    

    By:
      /s/
      Heather Hinkelman

    Name:
      Heather Hinkelman

    Title:
      Banking Officer

    

    The
      Bank of New York

    

    By:
      /s/
      Scott DeTraglia

    Name:
      Scott DeTraglia

    Title:
      Vice President

    

    The
      Chiba Bank, Ltd.

    

    By:
      /s/
      Morio Tsumita

    Name:
      Morio Tsumita

    Title:
      General Manager

    

    Comerica
      Bank

    

    By:
      /s/
      Heather Whiting

    Name:
      Heather Whiting

    Title:
      Assistant Vice PresidentExhibit
      10.4

     

    

    Execution
      Copy

    

    [Published
      CUSIP Number: ________________]

    

    

    FOUR-YEAR
      CREDIT AGREEMENT

    

    Dated
      as
      of May 5, 2006

    

    among

    

    AUTOZONE,
      INC.,

    as
      Borrower,

    

    THE
      SEVERAL LENDERS

    FROM
      TIME
      TO TIME PARTY HERETO

    

    AND

    

    BANK
      OF
      AMERICA, N.A.,

    as
      Administrative Agent 

    

    and

    

    CITICORP
      USA, INC.,

    as
      Syndication Agent

    ______________________________________________________________

    

    BANC
      OF
      AMERICA SECURITIES LLC

    and

    CITIGROUP
      GLOBAL MARKETS INC.,

    as
      Joint
      Lead Arrangers and Joint Book Managers

    and

    

    

    JPMORGAN
      CHASE BANK,

    WACHOVIA
      BANK, NATIONAL ASSOCIATION

    and

    SUNTRUST
      BANK,

    as
      Co-Documentation Agents

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    TABLE
      OF CONTENTS

    
      	 	 	
              Page

            
	
              SECTION
                1 DEFINITIONS

            	
              1

            
	
              1.1

            	
              Definitions.

            	
              1

            
	
              1.2

            	
              Computation
                of Time Periods.

            	
              18

            
	
              1.3

            	
              Accounting
                Terms.

            	
              18

            
	
              1.4

            	
              Time
                of Day.

            	
              18

            
	
              SECTION
                2 CREDIT FACILITIES

            	
              18

            
	
              2.1

            	
              Revolving
                Loans.

            	
              18

            
	
              SECTION
                3 OTHER PROVISIONS RELATING TO CREDIT FACILITIES

            	
              23

            
	
              3.1

            	
              Default
                Rate.

            	
              23

            
	
              3.2

            	
              Extension
                and Conversion.

            	
              23

            
	
              3.3

            	
              Prepayments.

            	
              24

            
	
              3.4

            	
              Termination,
                Reduction and Increase of Revolving Committed Amount.

            	
              25

            
	
              3.5

            	
              Fees.

            	
              28

            
	
              3.6

            	
              Capital
                Adequacy.

            	
              28

            
	
              3.7

            	
              Inability
                To Determine Interest Rate.

            	
              29

            
	
              3.8

            	
              Illegality.

            	
              29

            
	
              3.9

            	
              Yield
                Protection.

            	
              29

            
	
              3.10

            	
              Withholding
                Tax Exemption.

            	
              30

            
	
              3.11

            	
              Indemnity.

            	
              31

            
	
              3.12

            	
              Pro
                Rata Treatment.

            	
              32

            
	
              3.13

            	
              Payments
                Generally; Administrative Agent’s Clawback.

            	
              33

            
	
              3.14

            	
              Sharing
                of Payments.

            	
              34

            
	
              3.15

            	
              Payments,
                Computations, Etc.

            	
              35

            
	
              3.16

            	
              Evidence
                of Debt.

            	
              37

            
	
              3.17

            	
              Replacement
                of Lenders.

            	
              37

            
	
              SECTION
                4 CONDITIONS

            	
              38

            
	
              4.1

            	
              Closing
                Conditions.

            	
              38

            
	
              4.2

            	
              Conditions
                to all Extensions of Credit.

            	
              39

            
	
              SECTION
                5 REPRESENTATIONS AND WARRANTIES

            	
              40

            
	
              5.1

            	
              Financial
                Position; No Internal Control Event.

            	
              40

            
	
              5.2

            	
              Organization;
                Existence; Compliance with Law.

            	
              40

            
	
              5.3

            	
              Power;
                Authorization; Enforceable Obligations.

            	
              41

            
	
              5.4

            	
              No
                Legal Bar.

            	
              41

            
	
              5.5

            	
              No
                Material Litigation.

            	
              41

            
	
              5.6

            	
              No
                Default.

            	
              41

            
	
              5.7

            	
              Ownership
                of Property; Liens.

            	
              42

            
	
              5.8

            	
              No
                Burdensome Restrictions.

            	
              42

            
	
              5.9

            	
              Taxes.

            	
              42

            
	
              5.10

            	
              ERISA.

            	
              42

            
	
              5.11

            	
              Governmental
                Regulations, Etc.

            	
              44

            
	
              5.12

            	
              Subsidiaries.

            	
              45

            

    

     

    
      
         

      

      
        i

        
          

        

      

      
         

      

    

    
      	
              5.13

            	
              Purpose
                of Loans.

            	
              45

            
	
              5.14

            	
              Disclosure.

            	
              45

            
	
              5.15

            	
              Taxpayer
                Identification Number.

            	
              45

            
	
              SECTION
                6 AFFIRMATIVE COVENANTS

            	
              45

            
	
              6.1

            	
              Information
                Covenants.

            	
              45

            
	
              6.2

            	
              Preservation
                of Existence and Franchises.

            	
              50

            
	
              6.3

            	
              Books
                and Records.

            	
              50

            
	
              6.4

            	
              Compliance
                with Law.

            	
              50

            
	
              6.5

            	
              Payment
                of Taxes and Other Indebtedness.

            	
              50

            
	
              6.6

            	
              Insurance.

            	
              50

            
	
              6.7

            	
              Maintenance
                of Property.

            	
              50

            
	
              6.8

            	
              Use
                of Proceeds.

            	
              51

            
	
              6.9

            	
              Audits/Inspections.

            	
              51

            
	
              6.10

            	
              Adjusted
                Debt to EBITDAR Ratio.

            	
              51

            
	
              6.11

            	
              Interest
                Coverage Ratio.

            	
              51

            
	
              SECTION
                7 NEGATIVE COVENANTS

            	
              51

            
	
              7.1

            	
              Liens.

            	
              51

            
	
              7.2

            	
              Nature
                of Business.

            	
              51

            
	
              7.3

            	
              Consolidation,
                Merger, Sale or Purchase of Assets, etc.

            	
              52

            
	
              7.4

            	
              Fiscal
                Year.

            	
              53

            
	
              7.5

            	
              Subsidiary
                Indebtedness.

            	
              53

            
	
              SECTION
                8 EVENTS OF DEFAULT

            	
              54

            
	
              8.1

            	
              Events
                of Default.

            	
              54

            
	
              8.2

            	
              Acceleration;
                Remedies.

            	
              56

            
	
              SECTION
                9 AGENCY PROVISIONS

            	
              57

            
	
              9.1

            	
              Appointment
                and Authority.

            	
              57

            
	
              9.2

            	
              Delegation
                of Duties.

            	
              57

            
	
              9.3

            	
              Exculpatory
                Provisions.

            	
              57

            
	
              9.4

            	
              Reliance
                on Communications.

            	
              58

            
	
              9.5

            	
              Notice
                of Default.

            	
              58

            
	
              9.6

            	
              Non-Reliance
                on Administrative Agent and Other Lenders.

            	
              59

            
	
              9.7

            	
              Indemnification.

            	
              60

            
	
              9.8

            	
              Administrative
                Agent in its Individual Capacity.

            	
              60

            
	
              9.9

            	
              Successor
                Administrative Agent.

            	
              61

            
	
              9.10

            	
              Syndication
                Agent.

            	
              61

            
	
              SECTION
                10 MISCELLANEOUS

            	
              62

            
	
              10.1

            	
              Notices.

            	
              62

            
	
              10.2

            	
              Right
                of Set-Off.

            	
              64

            
	
              10.3

            	
              Successors
                and Assigns.

            	
              64

            
	
              10.4

            	
              No
                Waiver; Remedies Cumulative.

            	
              68

            
	
              10.5

            	
              Payment
                of Expenses, etc.

            	
              68

            
	
              10.6

            	
              Amendments,
                Waivers and Consents.

            	
              69

            

    

     

    
      
         

      

      
        ii

        
          

        

      

      
         

      

    

    
      	
              10.7

            	
              Counterparts.

            	
              70

            
	
              10.8

            	
              Headings.

            	
              70

            
	
              10.9

            	
              Survival.

            	
              70

            
	
              10.10

            	
              Governing
                Law; Submission to Jurisdiction; Venue.

            	
              71

            
	
              10.11

            	
              Severability.

            	
              71

            
	
              10.12

            	
              Entirety.

            	
              71

            
	
              10.13

            	
              Binding
                Effect; Termination.

            	
              72

            
	
              10.14

            	
              Confidentiality.

            	
              72

            
	
              10.15

            	
              Source
                of Funds.

            	
              73

            
	
              10.16

            	
              Conflict.

            	
              73

            
	
              10.17

            	
              USA
                PATRIOT Act Notice.

            	
              74

            
	
              10.18

            	
              No
                Advisory or Fiduciary Responsibility.

            	
              74

            

    

    

    

    SCHEDULES

    

    
      	
              Schedule
                1.1

            	 	
              Applicable
                Percentage

            
	
              Schedule
                2.1(a)

            	 	
              Lenders

            
	
              Schedule
                2.1(b)(i)

            	 	
              Form
                of Notice of Borrowing

            
	
              Schedule
                2.1(e)

            	 	
              Form
                of Revolving Note

            
	
              Schedule
                2.2(f)

            	 	
              Form
                of Competitive Note

            
	
              Schedule
                3.2

            	 	
              Form
                of Notice of Extension/Conversion

            
	
              Schedule
                3.4(b)

            	 	
              Form
                of New Commitment Agreement

            
	
              Schedule
                4.1(f)

            	 	
              Form
                of Legal Opinion

            
	
              Schedule
                5.5

            	 	
              Material
                Litigation

            
	
              Schedule
                5.12

            	 	
              Subsidiaries

            
	
              Schedule
                6.1(c)

            	 	
              Form
                of Officer’s Compliance Certificate

            
	
              Schedule
                7.5

            	 	
              Subsidiary
                Indebtedness

            
	
              Schedule
                10.1

            	 	
              Administrative
                Agent’s Office; Certain Addresses for Notices

            
	
              Schedule
                10.3(a)

            	 	
              Form
                of Assignment and Acceptance

            
	
              Schedule
                10.3(b)

            	 	
              Processing
                and Recordation Fees

            

    

    

    
      
         

      

      
        iii

        
          

        

      

      
         

      

    

    FOUR-YEAR
      CREDIT AGREEMENT

    

    THIS
      FOUR-YEAR CREDIT AGREEMENT
      dated as
      of May 5, 2006 (the "Credit
      Agreement"),
      is by
      and among AUTOZONE,
      INC.,
      a
      Nevada corporation (the "Borrower"),
      the
      several lenders identified on the signature pages hereto and such other lenders
      as may from time to time become a party hereto (the "Lenders"),
      BANK
      OF AMERICA, N.A.,
      as
      administrative agent for the Lenders (in such capacity, the "Administrative
      Agent"),
      and
CITICORP
      USA, INC.,
      as
      syndication agent (in such capacity, the "Syndication
      Agent").

    

    

    W
      I T N E S S E T H

    

    WHEREAS,
      the
      Borrower has requested that the Lenders provide certain financial accommodations
      to the Borrower in the form of a revolving credit facility, as more particularly
      described herein; 

    

    WHEREAS,
      the
      Lenders have agreed to provide such financial accommodations to the Borrower
      on
      the terms and conditions hereinafter set forth; 

    

    NOW,
      THEREFORE, IN CONSIDERATION of
      the
      premises and other good and valuable consideration, the receipt and sufficiency
      of which are hereby acknowledged, the parties hereto agree as
      follows:

    

    

    SECTION
      1

    

    DEFINITIONS

    

    1.1 Definitions.

    

    As
      used
      in this Credit Agreement, the following terms shall have the meanings specified
      below unless the context otherwise requires:

    

    "Administrative
      Agent"
      shall
      have the meaning assigned to such term in the heading hereof, together with
      any
      successors or assigns.

    

    "Administrative
      Agent’s Fee Letter"
      means
      that certain letter agreement, dated as of April 7, 2006, between the
      Administrative Agent and the Borrower, as amended, modified, supplemented or
      replaced from time to time.

    

    "Administrative
      Agent’s Fees"
      shall
      have the meaning assigned to such term in Section 3.5(b).

    

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

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    "Affiliate"
      means,
      with respect to any Person, any other Person (i) directly or indirectly
      controlling or controlled by or under direct or indirect common control with
      such Person or (ii) directly or indirectly owning or holding five percent (5%)
      or more of the equity interest in such Person. For purposes of this definition,
      "control" when used with respect to any Person means the power to direct the
      management and policies of such Person, directly or indirectly, whether through
      the ownership of voting securities, by contract or otherwise; and the terms
      "controlling" and "controlled" have meanings correlative to the
      foregoing.

    

    "Amended
      and Restated Five-Year Credit Agreement"
      means
      that certain Second Amended and Restated Five-Year Credit Agreement dated as
      of
      the date hereof by and among the Borrower, the lenders party thereto, Bank
      of
      America, N.A., as administrative agent and Citicorp USA, Inc., as syndication
      agent, as amended, modified, restated, supplemented or replaced from time to
      time.

    

    "Applicable
      Percentage"
      means,
      for purposes of calculating the applicable interest rate for any day for any
      Revolving Loan, the applicable rate of the Facility Fee for any day for purposes
      of Section 3.5(a), the applicable rate of the Utilization Fee for any day for
      the purposes of Section 3.5(c), the appropriate applicable percentage set forth
      on Schedule
      1.1.
      The
      Applicable Percentages shall be determined and adjusted on the following dates
      (each a "Calculation
      Date"):

    

    (i) where
      the
      Borrower has a senior unsecured (non-credit enhanced) long term debt rating
      from
      S&P and/or Moody’s, five (5) Business Days after receipt of notice by the
      Administrative Agent of a change in any such debt rating, based on such debt
      rating(s); and

    

    (ii) where
      the
      Borrower previously had a senior unsecured (non-credit enhanced) long term
      debt
      rating from S&P and/or Moody’s, but either or both of S&P and Moody’s
      withdraws its rating such that the Borrower’s senior unsecured (non-credit
      enhanced) long term debt no longer is rated by either S&P or Moody’s, five
      (5) Business Days after receipt by the Administrative Agent of notice of the
      withdrawal of the last to exist of such previous debt ratings, based on Pricing
      Level V until the earlier of (A) such time as S&P and/or Moody’s provides
      another rating for such debt of the Borrower or (B) the Required Lenders have
      agreed to an alternative pricing grid or other method for determining Pricing
      Levels pursuant to an effective amendment to this Credit Agreement.

    

    
      	 	
              The
                Applicable Percentage shall be effective from a Calculation Date
                until the
                next such Calculation Date. The Administrative Agent shall determine
                the
                appropriate Applicable Percentages promptly upon receipt of the notices
                and information necessary to make such determination and shall promptly
                notify the Borrower and the Lenders of any change thereof. Such
                determinations by the Administrative Agent shall be conclusive,
                absent convincing evidence to the contrary.
                

            

    

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    "Arrangers"
      means
      Banc of America Securities LLC and
      Citigroup Global Markets Inc.,
      together with any successors or assigns. 

    

    "Assignee
      Group"
      means
      two or more Eligible Assignees that are Affiliates of one  another.

     

    "Assignment
      and Assumption"
      means
      an assignment and assumption entered into by a Lender and an Eligible Assignee
      with the consent of any party whose consent is required by Section
      10.3(b),
      and
      accepted by the Administrative Agent, in substantially the form of Schedule
      10.3(a)
      or any
      other form approved by the Administrative Agent.

     

    "Audited
      Financial Statements"
      means
      the audited consolidated balance sheet of  the
      Borrower and its Subsidiaries for the fiscal year ended August 27, 2005, and
      the related
      consolidated statements of income or operations, stockholders’ equity and cash
 flows
      for
      such fiscal year of the Borrower and its Subsidiaries, including the notes
       thereto.

     

    "Bank
      of America"
      means
      Bank of America, N.A. and its successors.

    

    "Bankruptcy
      Code"
      means
      the Bankruptcy Code in Title 11 of the United States Code, as amended, modified,
      succeeded or replaced from time to time.

    

    "Bankruptcy
      Event"
      means,
      with respect to any Person, the occurrence of any of the following with respect
      to such Person: (i) a court or governmental agency having jurisdiction in the
      premises shall enter a decree or order for relief in respect of such Person
      in
      an involuntary case under any applicable bankruptcy, insolvency or other similar
      law now or hereafter in effect, or appointing a receiver, liquidator, assignee,
      custodian, trustee, sequestrator (or similar official) of such Person or for
      any
      substantial part of its Property or ordering the winding up or liquidation
      of
      its affairs; or (ii) there shall be commenced against such Person an involuntary
      case under any applicable bankruptcy, insolvency or other similar law now or
      hereafter in effect, or any case, proceeding or other action for the appointment
      of a receiver, liquidator, assignee, custodian, trustee, sequestrator (or
      similar official) of such Person or for any substantial part of its Property
      or
      for the winding up or liquidation of its affairs, and such involuntary case
      or
      other case, proceeding or other action shall remain undismissed, undischarged
      or
      unbonded for a period of sixty (60) consecutive days; or (iii) such Person
      shall
      commence a voluntary case under any applicable bankruptcy, insolvency or other
      similar law now or hereafter in effect, or consent to the entry of an order
      for
      relief in an involuntary case under any such law, or consent to the appointment
      or taking possession by a receiver, liquidator, assignee, custodian, trustee,
      sequestrator (or similar official) of such Person or for any substantial part
      of
      its Property or make any general assignment for the benefit of creditors; or
      (iv) such Person shall be unable to, or shall admit in writing its inability
      to,
      pay its debts generally as they become due.

    

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

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    "Base
      Rate Loan"
      means
      any Loan bearing interest at a rate determined by reference to the Base
      Rate.

    

    "Borrower"
      means
      the Person identified as such in the heading hereof, together with any permitted
      successors and assigns.

    

    "Business
      Day"
      means a
      day other than a Saturday, Sunday or other day on which commercial banks in
      New
      York, New York are authorized or required by law to close, except that,
      when
      used in connection with a Eurodollar Loan, such day shall also be a day on
      which
      dealings between banks are carried on in U.S. dollar deposits in London, England
      and New York, New York.

    

    "Calculation
      Date"
      has the
      meaning set forth in the definition of Applicable Percentage.

    

    "Capital
      Lease"
      means,
      as applied to any Person, any lease of any Property (whether real, personal
      or
      mixed) by that Person as lessee which, in accordance with GAAP, is or should
      be
      accounted for as a capital lease on the balance sheet of that
      Person.

    

    "Change
      of Control"
      means
      either (i) a "person" or a "group" (within the meaning of Section 13(d) and
      14(d)(2) of the Securities Exchange Act of 1934) becomes the "beneficial owner"
      (as defined in Rule 13d-3 under the Securities Exchange Act of 1934) of more
      than 50% of the then outstanding voting stock of the Borrower or (ii) a majority
      of the board of directors of the Borrower shall consist of individuals who
      are
      not Continuing Directors. For purposes hereof, "Continuing Directors" means,
      as
      of any date of determination, (i) an individual who on the date two years prior
      to such determination date was a member of the Borrower’s board of directors or
      (ii) (a) any new director whose nomination for election by the Borrower’s
      shareholders was approved by a vote of a majority of the directors then still
      in
      office who either were directors on the date two years prior to such
      determination date or whose nomination for election was previously so approved
      (or who are Continuing Directors pursuant to clause (b) below) or (b) any
      director who was elected by a majority of the directors then still in office
      who
      either were directors on the date two years prior to such determination date
      or
      whose nomination for election was previously so approved (or who are Continuing
      Directors pursuant to clause (a) above). Notwithstanding the foregoing, a
      Reorganization permitted by under Section 7.3 hereof shall not be deemed a
      Change of Control for the purposed of this Credit Agreement.

    

    "Change
      of Control Notice"
      shall
      have the meaning specified in Section 3.4(e).

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    "Change
      of Control Prepayment Amount"
      shall
      have the meaning specified in Section 3.4(e).

    

    "Change
      of Control Standstill Period"
      shall
      have the meaning specified in Section 3.4(e).

    

    "Closing
      Date"
      means
      the date hereof.

    

    "Code"
      means
      the Internal Revenue Code of 1986, as amended, and any successor statute
      thereto, as interpreted by the rules and regulations issued thereunder, in
      each
      case as in effect from time to time. References to sections of the Code shall
      be
      construed also to refer to any successor sections.

    

    "Commercial
      Credit Business Arrangement"
      means
      any agreement between the Borrower or any of its Subsidiaries and an entity
      that
      purchases such Person’s commercial accounts receivables with only such limited
      recourse back to such Person as is customary in factoring arrangements of this
      type. 

    

    "Commitment"
      means
      with respect to each Lender, the Revolving Commitment of such
      Lender.

    

    "Commitment
      Percentage"
      means,
      for any Lender, the percentage which such Lender’s Revolving Commitment then
      constitutes of the aggregate Revolving Committed Amount.

    

    "Competitive
      Bid"
      means
      an offer by a Lender to make a Competitive Loan pursuant to the terms of Section
      2.2.

    

    "Competitive
      Bid Rate"
      means,
      as to any Competitive Bid made by a Lender in accordance with the provisions
      of
      Section 2.2, the fixed rate of interest offered by the Lender making the
      Competitive Bid.

    

    "Competitive
      Loan"
      means a
      loan made by a Lender in its discretion pursuant to the provisions of Section
      2.2.

    

    "Competitive
      Note"
      means a
      promissory note of the Borrower in favor of a Lender delivered pursuant to
      Section 2.2(f) and evidencing the Competitive Loans, if any, of such Lender,
      as
      such promissory note may be amended, modified, restated or replaced from time
      to
      time.

     

    "Consolidated
      Adjusted Debt"
      means,
      at any time, the sum of, without duplication, (i) Consolidated Funded
      Indebtedness and (ii) the product of Consolidated Rents multiplied by
      6.0.

    

    "Consolidated
      EBITDA"
      means,
      for any period for the Borrower and its Subsidiaries, Consolidated Net Income
      plus
      Consolidated Interest Expense plus
      all
      provisions for any Federal, state or other domestic and foreign income taxes
      plus
      depreciation
      and amortization, in each case on a consolidated basis determined in accordance
      with GAAP applied on a consistent basis or otherwise defined herein. Except
      as
      otherwise expressly provided, the applicable period shall be for the four
      consecutive fiscal quarters ending as of the date of determination.

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    "Consolidated
      EBITDAR"
      means,
      for any period, the sum of Consolidated EBITDA and Consolidated Rents. Except
      as
      otherwise expressly provided, the applicable period shall be for the four
      consecutive fiscal quarters ending as of the date of determination.

    

    "Consolidated
      EBITR"
      means,
      for any period for the Borrower and its Subsidiaries, Consolidated EBITDA
minus
      depreciation and amortization plus
      Consolidated Rents, in each case on a consolidated basis as determined in
      accordance with GAAP applied on a consistent basis. Except as otherwise
      expressly provided, the applicable period shall be for the four consecutive
      fiscal quarters ending as of the date of determination.

    

    "Consolidated
      Funded Indebtedness"
      means,
      at any time, the outstanding principal amount of all Funded Indebtedness,
      without duplication and on a consolidated basis, of the Borrower and its
      Subsidiaries at such time.

    

    "Consolidated
      Interest Coverage Ratio"
      means,
      as of the last day of any fiscal quarter of the Borrower, the ratio of (i)
      Consolidated EBITR to (ii) Consolidated Interest Expense plus
      Consolidated Rents.

    

    "Consolidated
      Interest Expense"
      means,
      for any period for the Borrower and its Subsidiaries, all interest expense
      plus
      the
      interest component under Capital Leases, in each case on a consolidated basis
      as
      determined in accordance with GAAP applied on a consistent basis. Except as
      otherwise expressly provided, the applicable period shall be for the four
      consecutive fiscal quarters ending as of the date of determination.

    

    "Consolidated
      Net Income"
      means,
      for any period for the Borrower and its Subsidiaries, net income on a
      consolidated basis determined in accordance with GAAP applied on a consistent
      basis, but excluding (i) share-based expenses and all other non-cash charges
      (other than any such charges that would result in an accrual or a reserve for
      cash charges in the future); and (ii) non-recurring charges in an aggregate
      amount not to exceed $50,000,000 collectively with respect to all periods
      relevant for the calculation of the financial covenants contained in Sections
      6.10 and 6.11. Except as otherwise expressly provided, the applicable period
      shall be for the four consecutive fiscal quarters ending as of the date of
      determination.

    

    "Consolidated
      Rents"
      means,
      for any period for the Borrower and its Subsidiaries, all rental expense of
      the
      Borrower and its Subsidiaries for such period under operating leases
      (specifically including rents paid in connection with synthetic leases, tax
      retention operating leases, off-balance sheet loans or similar off-balance
      sheet
      financing products), on a consolidated basis as determined in accordance with
      GAAP applied on a consistent basis, but excluding rental expense related to
      any
      operating lease that has been converted to a Capital Lease. Except as otherwise
      expressly provided, the applicable period shall be for the four consecutive
      fiscal quarters ending as of the date of determination.

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    "Credit
      Documents"
      means a
      collective reference to this Credit Agreement, the Notes, the Administrative
      Agent’s Fee Letter and all other related agreements and documents issued or
      delivered hereunder or thereunder or pursuant hereto or thereto.

    

    "Default"
      means
      any event, act or condition which with notice or lapse of time, or both, would
      constitute an Event of Default.

    

    "Designating
      Lender"
      has the
      meaning set forth in Section 10.3(e).

    

    "Dollars"
      and
      "$"
      means
      dollars in lawful currency of the United States of America.

    

    "Eligible
      Assignee"
      means
      any Person that meets the requirements to be an assignee under Section
      10.3(b)(iii),
      (v)
      and
(vi)
      (subject
      to such consents, if any, as may be required under Section
      10.3(b)(iii)).

     

    "Environmental
      Laws"
      means
      any and all lawful and applicable Federal, state, local and foreign statutes,
      laws, regulations, ordinances, rules, judgments, orders, decrees, permits,
      concessions, grants, franchises, licenses, agreements or other governmental
      restrictions relating to the environment or to emissions, discharges, releases
      or threatened releases of pollutants, contaminants, chemicals, or industrial,
      toxic or hazardous substances or wastes into the environment including, without
      limitation, ambient air, surface water, ground water, or land, or otherwise
      relating to the manufacture, processing, distribution, use, treatment, storage,
      disposal, transport, or handling of pollutants, contaminants, chemicals, or
      industrial, toxic or hazardous substances or wastes.

    

    "ERISA"
      means
      the Employee Retirement Income Security Act of 1974, as amended, and any
      successor statute thereto, as interpreted by the rules and regulations
      thereunder, all as the same may be in effect from time to time. References
      to
      sections of ERISA shall be construed also to refer to any successor
      sections.

    

    "ERISA
      Affiliate"
      means
      an entity which is under common control with the Borrower within the meaning
      of
      Section 4001(a)(14) of ERISA, or is a member of a group which includes the
      Borrower and which is treated as a single employer under Sections 414(b) or
      (c)
      of the Code.

    

    "ERISA
      Event"
      means
      (i) with respect to any Plan, the occurrence of a Reportable Event or the
      substantial cessation of operations (within the meaning of Section 4062(e)
      of
      ERISA); (ii) the withdrawal by the Borrower, any Subsidiary of the Borrower
      or
      any ERISA Affiliate from a Multiple Employer Plan during a plan year in which
      it
      was a substantial employer (as such term is defined in Section 4001(a)(2) of
      ERISA), or the termination of a Multiple Employer Plan; (iii) the distribution
      of a notice of intent to terminate or the actual termination of a Plan pursuant
      to Section 4041(a)(2) or 4041A of ERISA; (iv) the institution of proceedings
      to
      terminate or the actual termination of a Plan by the PBGC under Section 4042
      of
      ERISA; (v) any event or condition which could reasonably be expected to
      constitute grounds under Section 4042 of ERISA for the termination of, or the
      appointment of a trustee to administer, any Plan; (vi) the complete or partial
      withdrawal of the Borrower, any Subsidiary of the Borrower or any ERISA
      Affiliate from a Multiemployer Plan; (vii) the conditions for imposition of
      a
      lien under Section 302(f) of ERISA exist with respect to any Plan; or (vii)
      the
      adoption of an amendment to any Plan requiring the provision of security to
      such
      Plan pursuant to Section 307 of ERISA.

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    "Eurodollar
      Base Rate"
      has the
      meaning specified in the definition of Eurodollar Rate.

    

    "Eurodollar
      Loan"
      means
      any Loan bearing interest at a rate determined by reference to the Eurodollar
      Rate.

    

    "Eurodollar
      Rate"
      means
      for any Interest Period with respect to any Eurodollar Loan, a rate per annum
      determined by the Administrative Agent pursuant to the following
      formula:

    

    
      	
              Eurodollar
                Rate =

            	
              Eurodollar
                Base Rate 

              1.00
                - Eurodollar Reserve Percentage

            

    

    

    Where,

    

    "Eurodollar
      Base Rate"
      means,
      for any Interest Period with respect to a Eurodollar Loan, the rate per annum
      equal to the British Bankers Association LIBOR Rate ("BBA
      LIBOR"),
      as
      published by Reuters (or other commercially available source providing
      quotations of BBA LIBOR as designated by the Administrative Agent from time
      to
      time) at approximately 11:00 A.M., London time, two Business Days prior to
      the commencement of such Interest Period, for Dollar deposits (for delivery
      on
      the first day of such Interest Period) with a term equivalent to such Interest
      Period. If such rate is not available at such time for any reason, then the
      "Eurodollar Rate" for such Interest Period shall be the rate per annum
      determined by the Administrative Agent to be the rate at which deposits in
      Dollars for delivery on the first day of such Interest Period in same day funds
      in the approximate amount of the Eurodollar Rate Loan being made, continued
      or
      converted by Bank of America and with a term equivalent to such Interest Period
      would be offered by Bank of America’s London Branch to major banks in the London
      interbank eurodollar market at their request at approximately 11:00 A.M.
      (London time) two Business Days prior to the commencement of such Interest
      Period.

    

    "Eurodollar
      Reserve Percentage"
      means
      for any day, that percentage (expressed as a decimal) which is in effect from
      time to time under Regulation D of the Board of Governors of the Federal Reserve
      System (or any successor), as such regulation may be amended from time to time
      or any successor regulation, as the maximum reserve requirement (including,
      without limitation, any basic, supplemental, emergency, special, or marginal
      reserves) applicable with respect to Eurocurrency liabilities as that term
      is
      defined in Regulation D (or against any other category of liabilities that
      includes deposits by reference to which the interest rate of Eurodollar Loans
      is
      determined), whether or not Lender has any Eurocurrency liabilities subject
      to
      such reserve requirement at that time. Eurodollar Loans shall be deemed to
      constitute Eurocurrency liabilities and as such shall be deemed subject to
      reserve requirements without benefits of credits for proration, exceptions
      or
      offsets that may be available from time to time to a Lender. The Eurodollar
      Rate
      shall be adjusted automatically on and as of the effective date of any change
      in
      the Eurodollar Reserve Percentage.

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    "Event
      of Default"
      means
      such term as defined in Section 8.1.

    

    "Existing
      364-Day Credit Agreement"
      means
      that certain Amended and Restated 364-Day Credit Agreement dated as of May
      17,
      2004 (and extended on May 16, 2005 pursuant to the terms of Section 3.4(c)
      thereof) by and among the Borrower, the lenders party thereto, Fleet National
      Bank, as administrative agent, and Citicorp USA, Inc., as syndication agent,
      as
      amended, modified, restated, supplemented or replaced from time to
      time.

    

    "Facilities"
      means a
      collective reference to (i) the revolving loan facility established pursuant
      to
      Section 2.1 and (ii) the revolving loan facility established pursuant to the
      Amended and Restated Five-Year Credit Agreement.

    

    "Facility
      Fee"
      shall
      have the meaning assigned to such term in Section 3.5(a).

    

    "Facility
      Fee Calculation Period"
      shall
      have the meaning assigned to such term in Section 3.5(a).

    

    "Federal
      Funds Rate"
      means,
      for any day, the rate of interest per annum (rounded upwards, if necessary,
      to
      the nearest whole multiple of 1/100 of 1%) equal to the weighted average of
      the
      rates on overnight Federal funds transactions with members of the Federal
      Reserve System arranged by Federal funds brokers on such day, as published
      by
      the Federal Reserve Bank of New York on the Business Day next succeeding such
      day, provided
      that (A)
      if such day is not a Business Day, the Federal Funds Rate for such day shall
      be
      such rate on such transactions on the next preceding Business Day and (B) if
      no
      such rate is so published on such next preceding Business Day, the Federal
      Funds
      Rate for such day shall be the average rate quoted to the Administrative Agent
      on such day on such transactions as determined by the Administrative
      Agent.

    

    "Fees"
      means
      all fees payable pursuant to Section 3.5.

    

    "Financial
      Officer"
      means,
      with respect to the Borrower, the Treasurer, the Controller, the General
      Counsel, or the Chief Financial Officer of the Borrower; provided
      that the
      Borrower may designate additional persons or delete persons so authorized by
      written notice to the Administrative Agent from at least two existing Financial
      Officers of the Borrower.

    

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

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    "Funded
      Indebtedness"
      means,
      with respect to any Person (for purposes of this sentence only, the
      "Debtor"),
      without duplication and on a consolidated basis, (i) all Indebtedness of such
      Debtor for borrowed money; (ii) all purchase money Indebtedness of such Debtor,
      including without limitation the principal portion of all obligations of such
      Debtor under Capital Leases; (iii) all Guaranty Obligations of such Debtor
      with
      respect to Funded Indebtedness of another Person; (iv) the maximum amount of
      all
      (x) drawn and unreimbursed documentary letters of credit, (y) standby letters
      of
      credit and (z) bankers acceptances, in each case issued or created for the
      account of such Debtor and, without duplication, all drafts drawn thereunder
      (to
      the extent unreimbursed); and (v) all Funded Indebtedness of another Person
      secured by a Lien on any Property of such Debtor, whether or not such Funded
      Indebtedness has been assumed. The Funded Indebtedness of any Person shall
      include the Funded Indebtedness of any partnership or joint venture in which
      such Person is a general partner or joint venturer.

    

    "GAAP"
      means
      generally accepted accounting principles in the United States applied on a
      consistent basis and subject to the terms of Section 1.3 hereof.

    

    "Governmental
      Authority"
      means
      any Federal, state, local or foreign court or governmental agency, authority,
      instrumentality or regulatory body.

    

    "Guaranty
      Obligations"
      means,
      with respect to any Person, without duplication, any obligations of such Person
      (other than endorsements in the ordinary course of business of negotiable
      instruments for deposit or collection) guaranteeing or intended to guarantee
      any
      Indebtedness of any other Person in any manner, whether direct or indirect,
      and
      including without limitation any obligation, whether or not contingent, (i)
      to
      purchase any such Indebtedness or any Property constituting security therefor,
      (ii) to advance or provide funds or other support for the payment or purchase
      of
      any such Indebtedness or to maintain working capital, solvency or other balance
      sheet condition of such other Person (including without limitation keep well
      agreements, maintenance agreements, comfort letters or similar agreements or
      arrangements) for the benefit of any holder of Indebtedness of such other
      Person, (iii) to lease or purchase Property, securities or services primarily
      for the purpose of assuring the holder of such Indebtedness, or (iv) to
      otherwise assure or hold harmless the holder of such Indebtedness against loss
      in respect thereof. The amount of any Guaranty Obligation hereunder shall
      (subject to any limitations set forth therein) be deemed to be an amount equal
      to the outstanding principal amount (or maximum principal amount, if larger)
      of
      the Indebtedness in respect of which such Guaranty Obligation is
      made.

    

    "Indebtedness"
      of any
      Person means (i) all obligations of such Person for borrowed money, (ii) all
      obligations of such Person evidenced by bonds, debentures, notes or similar
      instruments, or upon which interest payments are customarily made, (iii) all
      obligations of such Person under conditional sale or other title retention
      agreements relating to Property purchased by such Person (other than customary
      reservations or retentions of title under agreements with suppliers entered
      into
      in the ordinary course of business), (iv) all obligations of such Person issued
      or assumed as the deferred purchase price of Property or services purchased
      by
      such Person (other than trade debt incurred in the ordinary course of business
      and due within six months of the incurrence thereof) which would appear as
      liabilities on a balance sheet of such Person, (v) all obligations of such
      Person under take-or-pay or similar arrangements or under commodities
      agreements, (vi) all Indebtedness of others secured by (or for which the holder
      of such Indebtedness has an existing right, contingent or otherwise, to be
      secured by) any Lien on, or payable out of the proceeds of production from,
      Property owned or acquired by such Person, whether or not the obligations
      secured thereby have been assumed, (vii) all Guaranty Obligations of such
      Person, (viii) the principal portion of all obligations of such Person under
      Capital Leases, (ix) all obligations of such Person in respect of interest
      rate
      protection agreements, foreign currency exchange agreements, commodity purchase
      or option agreements or other interest or exchange rate or commodity price
      hedging agreements, (x) subject to the proviso below, the maximum amount of
      all
      letters of credit issued or bankers’ acceptances created for the account of such
      Person and, without duplication, all drafts drawn thereunder (to the extent
      unreimbursed), (xi) all preferred stock issued by such Person and required
      by
      the terms thereof to be redeemed, or for which mandatory sinking fund payments
      are due, by a fixed date and (xii) the principal balance outstanding under
      any
      synthetic lease, tax retention operating lease, off-balance sheet loan or
      similar off-balance sheet financing product to which such Person is a party,
      where such transaction is considered borrowed money indebtedness for tax
      purposes but is classified as an operating lease in accordance with GAAP;
provided
      that
      Indebtedness shall not include (i) any documentary letters of credit or other
      letters of credit used by such Person for the financing of inventory in the
      ordinary course of business, except to the extent such letters of credit have
      been drawn upon and unreimbursed or (ii) any amounts received by such Person
      pursuant to a Commercial Credit Business Arrangement. The Indebtedness of any
      Person shall include the Indebtedness of any partnership or joint venture in
      which such Person is a general partner or a joint venturer.

    

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    "Information"
      has the
      meaning specified in Section 10.14.

    

    "Interest
      Payment Date"
      means
      (i) as to any Base Rate Loan, the last Business Day of each March, June,
      September and December, the date of repayment of principal of such Loan and
      the
      Termination Date and (ii) as to any Eurodollar Loan or any Competitive Loan,
      the
      last day of each Interest Period for such Loan, the date of repayment of
      principal of such Loan and on the Termination Date, and in addition where the
      applicable Interest Period is more than 3 months, then also on the date 3 months
      from the beginning of the Interest Period, and each 3 months thereafter. If
      an
      Interest Payment Date falls on a date which is not a Business Day, such Interest
      Payment Date shall be deemed to be the next succeeding Business Day,
except that
      in the
      case of Eurodollar Loans where the next succeeding Business Day falls in the
      next succeeding calendar month, then on the next preceding Business
      Day.

    

    "Interest
      Period"
      means
      (i) as to any Eurodollar Loan, a period of one, two, three or six month’s
      duration, as the Borrower may elect, commencing in each case, on the date of
      the
      borrowing (including conversions, extensions and renewals) and (ii) as to any
      Competitive Loan, a period commencing in each case on the date of the borrowing
      and ending on the date specified in the applicable Competitive Bid whereby
      the
      offer to make such Competitive Loan was extended (such ending date in any event
      to be no less than one week and not more than 180 days from the date of the
      borrowing); provided,
      however,
      (A) if
      any Interest Period would end on a day which is not a Business Day, such
      Interest Period shall be extended to the next succeeding Business Day (except
      that in the case of Eurodollar Loans where the next succeeding Business Day
      falls in the next succeeding calendar month, then on the next preceding Business
      Day), (B) no Interest Period shall extend beyond the Termination Date, and
      (C)
      in the case of Eurodollar Loans, where an Interest Period begins on a day for
      which there is no numerically corresponding day in the calendar month in which
      the Interest Period is to end, such Interest Period shall end on the last day
      of
      such calendar month.

    

    "Internal
      Control Event"
      means a
      material weakness in, or fraud that involves management or other employees
      who
      have a significant role in, the Borrower’s internal controls over financial
      reporting, in each case as described in the Securities Laws or as otherwise
      determined by the Borrower’s external auditors on a quarterly basis that has
      resulted in or could reasonably be expected to result in a misstatement in
      any
      material respect, in any financial information delivered or to be delivered
      to
      the Administrative Agent or the Lenders, of (i) covenant compliance calculations
      provided hereunder or (ii) the assets, liabilities, financial condition or
      results of operations of the Borrower and its Subsidiaries on a consolidated
      basis that has not been (x) disclosed to the Administrative Agent, who in turn
      discloses such material weaknesses to the Lenders, and (y) remedied or otherwise
      diligently addressed (or is in the process of being diligently addressed) by
      the
      Borrower in accordance with recommendations made by the Borrower's auditors
      in
      consultation with the Borrower.

    

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    "Lenders"
      means
      each of the Persons identified as a "Lender" on the signature pages hereto,
      and
      each Person which may become a Lender by way of assignment in accordance with
      the terms hereof, together with their successors and permitted
      assigns.

    

    "Lending
      Installation"
      means,
      with respect to a Lender or the Administrative Agent, any office, branch,
      subsidiary or affiliate of such Lender or the Administrative Agent.

    

    "Lien"
      means
      any mortgage, pledge, hypothecation, assignment, deposit arrangement, security
      interest, encumbrance, lien (statutory or otherwise), preference, priority
      or
      charge of any kind (including any agreement to give any of the foregoing, any
      condi-tional sale or other title retention agreement, any financing or similar
      statement or notice filed under the Uniform Commercial Code as adopted and
      in
      effect in the relevant jurisdiction or other similar recording or notice
      statute, and any lease in the nature thereof).

    

    "Loan"
      or
      "Loans"
      means
      the Revolving Loans and/or the Competitive Loans.

    

    "Master
      Account"
      means
      such account as may be identified by written notice from at least two Financial
      Officers of the Borrower to the Administrative Agent.

    

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    "Material
      Adverse Effect"
      means a
      material adverse effect on (i) the condition (financial or otherwise),
      operations, business, assets or liabilities of the Borrower and its
      Subsidiaries, taken as a whole, (ii) the ability of the Borrower to perform
      any
      material obligation under the Credit Documents or (iii) any aspect of the
      Borrower or its business that adversely affects the material rights and remedies
      of the Lenders under the Credit Documents. 

    

    "Materials
      of Environmental Concern"
      means
      any gasoline or petroleum (including crude oil or any fraction thereof) or
      petroleum products or any hazardous or toxic substances, materials or wastes,
      defined or regulated as such in or under any Environmental Laws, including,
      without limitation, asbestos, polychlorinated biphenyls and urea-formaldehyde
      insulation.

    

    "Mexican
      Subsidiaries"
      means,
      collectively, the following Subsidiaries of the Borrower: AutoZone
      de Mexico, S. de R.L. de C.V., Zone Compra, S. de R.L. de C.V., Service Zone,
      S.de R.L. de C.V., Data Zone, S. de R.L. de C.V., Controladora AutoZone, S.
      de
      R.L. de C.V., and
      any
      other Subsidiary of the Borrower formed after the Closing Date and organized
      under the laws of Mexico.

    

    "Moody’s"
      means
      Moody’s Investors Service, Inc., or any successor or assignee of the business of
      such company in the business of rating securities.

    

    "Multiemployer
      Plan"
      means a
      Plan which is a multiemployer plan as defined in Sections 3(37) or 4001(a)(3)
      of
      ERISA.

    

    "Multiple
      Employer Plan"
      means a
      Plan which the Borrower, any Subsidiary of the Borrower or any ERISA Affiliate
      and at least one employer other than the Borrower, any Subsidiary of the
      Borrower or any ERISA Affiliate are contributing sponsors.

    

    "New
      Commitment Agreement"
      means a
      New Commitment Agreement substantially in the form of Schedule
      3.4(b),
      as
      executed pursuant to Section 3.4(b).

    

    "Note"
      or
      "Notes"
      means
      any Revolving Note and/or any Competitive Note, as the context may
      require.

    

    "Notice
      of Borrowing"
      means a
      written notice of borrowing in substantially the form of Schedule
      2.1(b)(i),
      as
      required by Section 2.1(b)(i).

    

    "Notice
      of Extension/Conversion"
      means
      the written notice of extension or conversion in substantially the form of
      Schedule
      3.2,
      as
      required by Section 3.2.

    

    "Participant"
      has the
      meaning specified in Section
      10.3(d).

     

    "Participation
      Interest"
      means,
      the extension of credit by a Lender by way of a purchase of a participation
      in
      any Loans as provided in Section 3.13.

    

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    "PBGC"
      means
      the Pension Benefit Guaranty Corporation established pursuant to Subtitle A
      of
      Title IV of ERISA and any successor thereof.

    

    "PCAOB"
      means
      the Public Company Accounting Oversight Board.

    

    "Permitted
      Liens"
      means:

    

    (i) Liens
      in
      favor of the Administrative Agent on behalf of the Lenders;

    

    (ii) Liens
      (other than Liens created or imposed under ERISA) for taxes, assessments or
      governmental charges or levies not yet due or Liens for taxes being contested
      in
      good faith by appropriate proceedings for which adequate reserves determined
      in
      accordance with GAAP have been established (and as to which the Property subject
      to any such Lien is not yet subject to foreclosure, sale or loss on account
      thereof);

    

    (iii) statutory
      Liens of landlords and Liens of carriers, warehousemen, mechanics, materialmen
      and suppliers and other Liens imposed by law or pursuant to customary
      reservations or retentions of title arising in the ordinary course of business,
      provided
      that any
      such Liens which are material secure only amounts not yet due and payable or,
      if
      due and payable, are unfiled and no other action has been taken to enforce
      the
      same or are being contested in good faith by appropriate proceedings for which
      adequate reserves determined in accordance with GAAP have been established
      (and
      as to which the Property subject to any such Lien is not yet subject to
      foreclosure, sale or loss on account thereof);

    

    (iv) Liens
      (other than Liens created or imposed under ERISA) incurred or deposits made
      by
      the Borrower and its Subsidiaries in the ordinary course of business in
      connection with workers’ compensation, unemployment insurance and other types of
      social security, or to secure the performance of tenders, statutory obligations,
      bids, leases, government contracts, performance and return-of-money bonds and
      other similar obligations (exclusive of obligations for the payment of borrowed
      money);

    

    (v) Liens
      in
      connection with attachments or judgments (including judgment or appeal bonds)
      provided
      that the
      judgments secured shall, within 30 days after the entry thereof, have been
      discharged or execution thereof stayed pending appeal, or shall have been
      discharged within 30 days after the expiration of any such stay;

    

    (vi) easements,
      rights-of-way, restrictions (including zoning restrictions), minor defects
      or
      irregularities in title and other similar charges or encumbrances not, in any
      material respect, impairing the use of the encumbered Property for its intended
      purposes;

    

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    (vii) leases
      or
      subleases granted to others not interfering in any material respect with the
      business of the Borrower and its Subsidiaries taken as a whole;

    

    (viii) Liens
      in
      favor of customs and revenue authorities arising as a matter of law to secure
      payment of customs duties in connection with the importation of
      goods;

    

    (ix) Liens
      on
      assets at the time such assets are acquired by the Borrower or any Subsidiary
      in
      accordance with Section 7.3(d); provided
      that
      such Liens are not created in contemplation of such acquisition;

    

    (x) Liens
      on
      assets of any Person at the time such Person becomes a Subsidiary in accordance
      with Section 7.3(d); provided
      that
      such Liens are not created in contemplation of such Person becoming a
      Subsidiary;

    

    (xi) normal
      and customary rights of setoff upon deposits of cash in favor of banks or other
      depository institutions;

    

    (xii) Liens
      on
      receivables sold pursuant to a Commercial Credit Business
      Arrangement;

    

    (xiii) Liens
      on
      inventory held by the Borrower or any of its Subsidiaries under
      consignment;

    

    (xiv) Liens
      on
      any inventory of the Borrower or any of its Subsidiaries in favor of a vendor
      of
      such inventory, arising in the normal course of business upon its sale to the
      Borrower or any such Subsidiary; and

    

    (xv) other
      Liens on Property of the Borrower and its Subsidiaries, so long as the Borrower
      and its Subsidiaries own at all times Property (a) unencumbered by any Liens
      other than Liens permitted by clauses (i) through (xiv) above and (b), having
      an
      aggregate fair market value of at least $2,000,000,000. 

    

    "Person"
      means
      any individual, partnership, joint venture, firm, corporation, limited liability
      company, association, trust or other enterprise (whether or not incorporated)
      or
      any Governmental Authority.

    

    "Plan"
      means
      any employee benefit plan (as defined in Section 3(3) of ERISA) which is covered
      by ERISA and with respect to which the Borrower, any Subsidiary of the Borrower
      or any ERISA Affiliate is (or, if such plan were terminated at such time, would
      under Section 4069 of ERISA be deemed to be) an "employer" within the meaning
      of
      Section 3(5) of ERISA.

    

    "Platform"
      has the
      meaning specified in Section 6.1.

    

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    "Pricing
      Level"
      means
      the applicable pricing level for the Applicable Percentage shown in Schedule
      1.1.

    

    "Property"
      means
      any interest in any kind of property or asset, whether real, personal or mixed,
      or tangible or intangible.

    

    "Register"
      shall
      have the meaning given such term in Section 10.3(c).

    

    "Registered
      Public Accounting Firm"
      has the
      meaning specified in the Securities Laws and shall be independent of the
      Borrower as prescribed by the Securities Laws.

    

    "Regulation
      D, T, U, or X"
      means
      Regulation D, T, U or X, respectively, of the Board of Governors of the Federal
      Reserve System as from time to time in effect and any successor to all or a
      portion thereof.

    

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

    

    "Release"
      means
      any spilling, leaking, pumping, pouring, emitting, emptying, discharging,
      injecting, escaping, leaching, dumping or disposing into the environment
      (including the abandonment or discarding of barrels, containers and other closed
      receptacles containing any Materials of Environmental Concern).

    

    "Reorganization"
      shall
      have the meaning specified in Section 7.03.

    

    "Reportable
      Event"
      means
      any of the events set forth in Section 4043(c) of ERISA, other than those events
      as to which the notice requirement has been waived by regulation.

    

    "Required
      Lenders"
      means,
      at any time, Lenders which are then in compliance with their obligations
      hereunder (as determined by the Administrative Agent) and holding in the
      aggregate more than 50% of (i) the Commitment Percentages or (ii) if the
      Commitments have been terminated, the outstanding Loans and Participation
      Interests.

    

    "Requirement
      of Law"
      means,
      as to any Person, the certificate of incorporation and by-laws or other
      organizational or governing documents of such Person, and any law, treaty,
      rule
      or regulation or determination of an arbitrator or a court or other Governmental
      Authority, in each case applicable to or binding upon such Person or any of
      its
      material property is subject.

    

    "Revolving
      Commitment"
      means,
      with respect to each Lender, the commitment of such Lender in an aggregate
      principal amount at any time outstanding not to exceed the amount set forth
      opposite such Lender’s name on Schedule
      2.1(a)
      (as such
      amount may be reduced or increased from time to time in accordance with the
      provisions of this Credit Agreement), to make Revolving Loans in accordance
      with
      the provisions of Section 2.1(a).

    

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    "Revolving
      Committed Amount"
      shall
      have the meaning assigned to such term in Section 2.1(a).

    

    "Revolving
      Loans"
      shall
      have the meaning assigned to such term in Section 2.1(a).

    

    "Revolving
      Note"
      means a
      promissory note of the Borrower in favor of a Lender delivered pursuant to
      Section 2.1(e) and evidencing the Revolving Loans of such Lender, as such
      promissory note may be amended, modified, restated or replaced from time to
      time.

    

    "S&P"
      means
      Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies,
      Inc., or any successor or assignee of the business of such division in the
      business of rating securities.

    

    "Sarbanes-Oxley"
      means
      the Sarbanes-Oxley Act of 2002.

    

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

    

    "Securities
      Laws"
      means
      the Securities Act of 1933, the Securities Exchange Act of 1934, Sarbanes-Oxley
      and the applicable accounting and auditing principles, rules, standards and
      practices promulgated, approved or incorporated by the SEC or the
      PCAOB.

    

    "SPV"
      has the
      meaning set forth in Section 10.3(e).

    

    "Single
      Employer Plan"
      means
      any Plan which is covered by Title IV of ERISA, but which is not a Multiemployer
      Plan or a Multiple Employer Plan.

    

    "Subsidiary"
      means,
      as to any Person, (a) any corporation more than 50% of whose stock of any class
      or classes having by the terms thereof ordinary voting power to elect a majority
      of the directors of such corporation (irrespective of whether or not at the
      time, any class or classes of such corporation shall have or might have voting
      power by reason of the happening of any contingency) is at the time owned by
      such Person directly or indirectly through Subsidiaries, and (b) any
      partnership, association, joint venture or other entity in which such Person
      directly or indirectly through Subsidiaries has more than 50% equity interest
      at
      any time. 

     

    "Syndication
      Agent"
      means
      Citicorp USA, Inc., together with any successors and assigns.

    

    "Term
      Loan Amendment"
      means
      the First Amendment dated on or about the date hereof to that certain Credit
      Agreement dated as of December 23, 2004 by and among the Borrower, the lenders
      from time to time party thereto, Fleet National Bank, as administrative agent,
      and Wachovia Bank, National Association, as syndication agent.

    

    "Terminating
      Lenders"
      shall
      have the meaning specified in Section 3.4(e).

    

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

    "Termination
      Date"
      means
      May 5, 2010, provided,
      however
      that if
      such date is not a Business Day, the Termination Date shall be the next
      preceding Business Day.

    

    "Utilization
      Fee"
      shall
      have the meaning set forth in Section 3.5(c).

    

    "Utilization
      Fee Period"
      shall
      have the meaning assigned to such term in Section 3.5(c).

    

    1.2 Computation
      of Time Periods.

    

    For
      purposes of computation of periods of time hereunder, the word "from" means
      "from and including" and the words "to" and "until" each mean "to but
      excluding."

    

    1.3 Accounting
      Terms.

    

    Except
      as
      otherwise expressly provided herein, all accounting terms used herein shall
      be
      interpreted, and all financial statements and certificates and reports as to
      financial matters required to be delivered to the Lenders hereunder shall be
      prepared, in accordance with GAAP applied on a consistent basis. All
      calculations made for the purposes of determining compliance with this Credit
      Agreement shall (except as otherwise expressly provided herein) be made by
      application of GAAP applied on a basis consistent with the most recent annual
      or
      quarterly financial statements delivered pursuant to Section 6.1 hereof (or,
      prior to the delivery of the first financial statements pursuant to Section
      6.1
      hereof, consistent with the financial statements as at August 27, 2005);
provided,
      however,
      if (a)
      the Borrower shall object to determining such compliance on such basis at the
      time of delivery of such financial statements due to any change in GAAP or
      the
      rules promulgated with respect thereto or (b) the Administrative Agent or the
      Required Lenders shall so object in writing within 30 days after delivery of
      such financial statements, then such calculations shall be made on a basis
      consistent with the most recent financial statements delivered by the Borrower
      to the Lenders as to which no such objection shall have been made.

    

    1.4 Time
      of Day.

    

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

    

    

    SECTION
      2

    

    CREDIT
      FACILITIES

    

    2.1 Revolving
      Loans.

    

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

    (a) Revolving
      Commitment.
      Subject
      to the terms and conditions hereof and in reliance upon the representations
      and
      warranties set forth herein, each Lender severally agrees to make available
      to
      the Borrower revolving credit loans requested by the Borrower in Dollars
      ("Revolving
      Loans")
      up to
      such Lender’s Revolving Commitment from time to time from the Closing Date until
      the Termination Date, or such earlier date as the Revolving Commitments shall
      have been terminated as provided herein for the purposes hereinafter set forth;
      provided,
      however,
      that
      the sum of the aggregate principal amount of outstanding Revolving Loans shall
      not exceed THREE
      HUNDRED MILLION DOLLARS ($300,000,000.00)
      (as such
      aggregate maximum amount may be reduced or increased from time to time as
      provided in Sections 3.3 and 3.4, the "Revolving
      Committed Amount");
      provided,
      further,
      (i)
      with regard to each Lender individually, such Lender’s outstanding Revolving
      Loans shall not exceed such Lender’s Revolving Commitment, and (ii) with regard
      to the Lenders collectively, the sum of the aggregate principal amount of
      outstanding Revolving Loans plus
      the
      aggregate principal amount of outstanding Competitive Loans shall not at any
      time exceed the Revolving Committed Amount. Revolving Loans may consist of
      Base
      Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may
      request, and may be repaid and reborrowed in accordance with the provisions
      hereof; provided,
      however,
      that no
      more than 25 Eurodollar
      Loans shall be outstanding hereunder at any time. For purposes hereof,
      Eurodollar Loans with different Interest Periods shall be considered as separate
      Eurodollar Loans, even if they begin on the same date, although borrowings,
      extensions and conversions may, in accordance with the provisions hereof, be
      combined at the end of existing Interest Periods to constitute a new Eurodollar
      Loan with a single Interest Period. Revolving Loans hereunder may be repaid
      and
      reborrowed in accordance with the provisions hereof. Notwithstanding the
      foregoing, the Borrower may not request any Loans hereunder while a Change
      of
      Control Standstill Period shall be in effect pursuant to Section
      3.4(e)
      hereof.

    

    (b) Revolving
      Loan Borrowings.

    

    (i) Notice
      of Borrowing.
      The
      Borrower shall request a Revolving Loan borrowing by notice, which may be given
      by telephone and promptly confirmed in writing. Each such notice must be
      received by the Administrative Agent not later than (i) 12:00 noon on the
      Business Day of the requested borrowing in the case of Base Rate Loans, and
      (ii)
      11:00 A.M. three Business Days prior to the date of the requested borrowing
      in
      the case of Eurodollar Loans. Each such request for borrowing shall be
      irrevocable, executed by a Financial Officer of the Borrower and shall specify
      (A) that a Revolving Loan is requested, (B) the date of the requested borrowing
      (which shall be a Business Day), (C) the aggregate principal amount to be
      borrowed, and (D) whether the borrowing shall be comprised of Base Rate Loans,
      Eurodollar Loans or a combination thereof, and if Eurodollar Loans are
      requested, the Interest Period(s) therefor. If the Borrower shall fail to
      specify in any such Notice of Borrowing (I) an applicable Interest Period in
      the
      case of a Eurodollar Loan, then such notice shall be deemed to be a request
      for
      an Interest Period of one month, or (II) the type of Revolving Loan requested,
      then such notice shall be deemed to be a request for a Base Rate Loan hereunder.
      The Administrative Agent shall give notice to each affected Lender promptly
      upon
      receipt of each Notice of Borrowing pursuant to this Section 2.1(b)(i), the
      contents thereof and each such Lender’s share of any borrowing to be made
      pursuant thereto.

    

    
      
         

      

      
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    (ii) Minimum
      Amounts.
      Each
      Eurodollar Loan or Base Rate Loan that is a Revolving Loan shall be in a minimum
      aggregate principal amount of $5,000,000 and integral multiples of $1,000,000
      in
      excess thereof (or the remaining amount of the Revolving Committed Amount,
      if
      less).

    

    (iii) Advances.
      Each
      Lender will make its Commitment Percentage of each Revolving Loan borrowing
      available to the Administrative Agent for the account of the Borrower as
      specified in Section
      3.14(a),
      or in
      such other manner as the Administrative Agent may specify in writing, by 1:00
      P.M. on the date specified in the applicable Notice of Borrowing in Dollars
      and
      in funds immediately available to the Administrative Agent. Such borrowing
      will
      then be made available to the Borrower by the Administrative Agent by crediting
      the Master Account with the aggregate of the amounts made available to the
      Administrative Agent by the Lenders and in like funds as received by the
      Administrative Agent.

    

    (c) Repayment.
      The
      principal amount of all Revolving Loans shall be due and payable in full on
      the
      Termination Date, subject to the provisions of Sections 3.4(c) and
      (e).

    

    (d) Interest.
      Subject
      to the provisions of Section 3.1,

    

    (i) Base
      Rate Loans.
      During
      such periods as Revolving Loans shall be comprised in whole or in part of Base
      Rate Loans, such Base Rate Loans shall bear interest at a per annum rate equal
      to the Base Rate plus
      the
      Applicable Percentage; and

    

    (ii) Eurodollar
      Loans.
      During
      such periods as Revolving Loans shall be comprised in whole or in part of
      Eurodollar Loans, such Eurodollar Loans shall bear interest at a per annum
      rate
      equal to the Eurodollar Rate plus
      the
      Applicable Percentage.

    

    Interest
      on Revolving Loans shall be payable in arrears on each applicable Interest
      Payment Date (or at such other times as may be specified herein).

    

    (e) Revolving
      Notes.
      The
      Revolving Loans made by each Lender shall be evidenced by a duly executed
      promissory note of the Borrower to such Lender in an original principal amount
      equal to such Lender’s Revolving Commitment and in substantially the form of
Schedule
      2.1(e).

    

    2.2 Competitive
      Loan Subfacility.

    

    (a) Competitive
      Loans.
      Subject
      to the terms and conditions and relying upon the representations and warranties
      herein set forth, the Borrower may, from time to time from the Closing Date
      until the Termination Date, request and each Lender may, in its sole discretion,
      agree to make, Competitive Loans in Dollars to the Borrower; provided,
      however,
      that
      (i) the aggregate principal amount of outstanding Competitive Loans shall not
      at
      any time exceed the Revolving Committed Amount, and (ii) the sum of the
      aggregate principal amount of outstanding Revolving Loans plus
      the
      aggregate principal amount of outstanding Competitive Loans plus
      the
      aggregate principal amount of outstanding Swingline Loans plus
      the L/C
      Obligations outstanding shall not at any time exceed the Revolving Committed
      Amount. Each Competitive Loan shall be not less than $10,000,000 in the
      aggregate and integral multiples of $1,000,000 in excess thereof (or the
      remaining portion of the Revolving Committed Amount, if less). Notwithstanding
      the foregoing, the Borrower may not request any Loans hereunder while a Change
      of Control Standstill Period shall be in effect pursuant to Section
      3.4(e)
      hereof.

    

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

    (b) Competitive
      Bid Requests.
      The
      Borrower may solicit by making a written or telefax request to all of the
      Lenders for a Competitive Loan. To be effective, such request must be received
      by each of the Lenders by 2:00 P.M. one Business Day prior to the date of the
      requested borrowing and must specify (i) that a Competitive Loan is requested,
      (ii) the amount of such Competitive Loan and (iii) the Interest Period for
      such
      Competitive Loan.

    

    (c) Competitive
      Bids.
      Upon
      receipt of a request by the Borrower for a Competitive Loan, each Lender may,
      in
      its sole discretion, submit a Competitive Bid containing an offer to make a
      Competitive Loan in an amount up to the amount specified in the related request
      for Competitive Loans. Such Competitive Bid shall be submitted to the Borrower
      by telephone notice (to be immediately confirmed by telecopy) by 11:00 A.M.
      on
      the date of the requested Competitive Loan. Competitive Bids so made shall
      be
      irrevocable. Each Competitive Bid shall specify (i) the date of the proposed
      Competitive Loan, (ii) the maximum and minimum principal amounts of the
      Competitive Loan for which such offer is being made (which may be for all or
      a
      part of (but not more than) the amount requested by the Borrower), (iii) the
      applicable Competitive Bid Rate, and (iv) the applicable Interest
      Period.

    

    (d) Acceptance
      of Competitive Bids.
      The
      Borrower may, before 11:00 A.M. on the date of the requested Competitive Loan,
      accept any Competitive Bid by giving the applicable Lender and the
      Administrative Agent telephone notice (immediately confirmed in writing) of
      (i)
      the Lender or Lenders whose Competitive Bid(s) is/are accepted, (ii) the
      principal amount of the Competitive Bid(s) so accepted and (iii) the Interest
      Period of the Competitive Bid(s) so accepted. The Borrower may accept any
      Competitive Bid in whole or in part; provided, however, that (a) the principal
      amount of each Competitive Loan may not exceed the maximum amount offered in
      the
      Competitive Bid and may not be less than the minimum amount offered in the
      Competitive Bid, (b) the principal amount of each Competitive Loan may not
      exceed the total amount requested pursuant to subsection (a) above, (c) the
      Borrower shall not accept a Competitive Bid made at a particular Competitive
      Bid
      Rate if it has decided to reject a Competitive Bid made at a lower Competitive
      Bid Rate and (d) if the Borrower shall accept a Competitive Bid or Bids made
      at
      a particular Competitive Bid Rate but the amount of such Competitive Bid or
      Bids
      shall cause the total amount of Competitive Bids to be accepted by the Borrower
      to exceed the total amount requested pursuant to subsection (a) above, then
      the
      Borrower shall accept a portion of such Competitive Bid or Bids in an amount
      equal to the total amount requested pursuant to subsection (a) above less the
      amount of other Competitive Bids accepted with respect to such request, which
      acceptance, in the case of multiple Competitive Bids at the same Competitive
      Bid
      Rate, shall be made pro rata in accordance with each such Competitive Bid at
      such Competitive Bid Rate. Competitive Bids so accepted by the Borrower shall
      be
      irrevocable.

    

    
      
         

      

      
        21

        
          

        

      

      
         

      

    

    (e) Funding
      of Competitive Loans.
      Upon
      acceptance by the Borrower pursuant to subsection (d) above of all or a portion
      of any Lender’s Competitive Bid, such Lender shall, before such time as
      determined by such Lender in accordance with such Lender’s customary practices,
      on the date of the requested Competitive Loan, make such Competitive Loan
      available by crediting the Master Account with the amount of such Competitive
      Loan.

    

    (f) Competitive
      Notes.
      The
      Competitive Loans of each Lender shall be evidenced by a single Competitive
      Note
      duly executed on behalf of the Borrower, dated the date hereof, in substantially
      the form of Schedule
      2.2(f),
      payable
      to the order of such Lender. 

    

    (g) Repayment
      of Competitive Loans.
      The
      Borrower shall repay to each Lender which has made a Competitive Loan on the
      last day of the Interest Period for such Competitive Loan the then unpaid
      principal amount of such Competitive Loan. Unless the Borrower shall repay
      the
      maturing Competitive Loan or give to notice to the Administrative Agent of
      its
      intent to otherwise repay such Loan not later than 11:00 A.M. on the last day
      of
      the Interest Period, the Borrower shall be deemed to have requested a Revolving
      Loan advance comprised of Base Rate Loans in the amount of the maturing
      Competitive Loan, the proceeds of which will be used to repay such Competitive
      Loan.

    

    (h) Interest
      on Competitive Loans.
      The
      Borrower shall pay interest to each Lender on the unpaid principal amount of
      each Competitive Loan from and including the date of such Competitive Loan
      to
      but excluding the stated maturity date thereof, at the applicable Competitive
      Bid Rate for such Competitive Loan (computed on the basis of the actual number
      of days elapsed over a year of 360 days). Interest on Competitive Loans shall
      be
      payable in arrears on each applicable Interest Payment Date (or at such other
      times as may be specified herein).

    

    (i) Limitation
      on Number of Competitive Loans.
      The
      Borrower shall not request a Competitive Loan if, assuming the maximum amount
      of
      Competitive Loans so requested is borrowed as of the date of such request,
      the
      sum of the aggregate principal amount of outstanding Revolving Loans
plus
      the
      aggregate principal amount of outstanding Competitive Loans would exceed the
      aggregate Revolving Committed Amount.

    

    (j) Change
      in Procedures for Requesting Competitive Loans.
      The
      Borrower and the Lenders hereby agree that, notwithstanding any other provision
      to the contrary contained in this Credit Agreement, upon mutual agreement of
      the
      Administrative Agent and the Borrower and written notice by the Administrative
      Agent to the Lenders, all further requests by the Borrower for Competitive
      Loans
      shall be made by the Borrower to the Lenders through the Administrative Agent
      in
      accordance with such procedures as shall be prescribed by the Administrative
      Agent and acceptable to the Borrower and each Lender.

    

    
      
         

      

      
        22

        
          

        

      

      
         

      

    

    SECTION
      3

    

    OTHER
      PROVISIONS RELATING TO CREDIT FACILITIES

    

    3.1 Default
      Rate.

    

    Upon
      the
      occurrence, and during the continuance, of an Event of Default, the principal
      of
      and, to the extent permitted by law, interest on the Loans and any other amounts
      owing hereunder or under the other Credit Documents shall bear interest, payable
      on demand, at a per annum rate 1% greater than the rate which would otherwise
      be
      applicable (or if no rate is applicable, whether in respect of interest, fees
      or
      other amounts, then 1% greater than the Base Rate).

    

    3.2 Extension
      and Conversion.

    

    The
      Borrower shall have the option, on any Business Day, to deliver a Notice of
      Extension/Conversion to (i) extend existing Loans into a single subsequent
      permissible Interest Period, (ii) convert Loans into Loans of another interest
      rate type or (iii) extend existing Loans into automatic rolling subsequent
      three-month Interest Periods; provided that, with respect to this clause (iii)
      such Loans will be automatically extended on the last day of each three-month
      Interest Period into the subsequent three-month Interest Period (as requested
      pursuant to the relevant Notice of Extension/Conversion) until such time as
      the
      Borrower delivers a new Notice of Extension/Conversion, which new Notice of
      Extension/Conversion shall be delivered prior to 11:00 A.M. on the fifth
      Business Day prior to the last day of the then current Interest Period;
provided,
      however,
      that
      (a) except as provided in Section 3.8, Eurodollar Loans may be converted into
      Base Rate Loans only on the last day of the Interest Period applicable thereto,
      (b) Eurodollar Loans may be extended, and Base Rate Loans may be converted
      into
      Eurodollar Loans, only if no Default or Event of Default is in existence on
      the
      date of extension or conversion, (c) Loans extended as, or converted into,
      Eurodollar Loans shall be subject to the terms of the definition of
      "Interest
      Period"
      set
      forth in Section 1.1 and shall be in such minimum amounts as provided in Section
      2.1(b)(ii), (d) no more than 25 Eurodollar Loans shall be outstanding hereunder
      at any time (it being understood that, for purposes hereof, Eurodollar Loans
      with different Interest Periods shall be considered as separate Eurodollar
      Loans, even if they begin on the same date, although borrowings, extensions
      and
      conversions may, in accordance with the provisions hereof, be combined at the
      end of existing Interest Periods to constitute a new Eurodollar Loan with a
      single Interest Period), (e) any request for extension or conversion of a
      Eurodollar Loan which shall fail to specify an Interest Period shall be deemed
      to be a request for an Interest Period of one month and (f) Competitive Loans
      may not be extended or converted pursuant to this Section 3.2. Each such
      extension or conversion shall be effected by a Financial Officer of the Borrower
      giving a Notice of Extension/Conversion (or telephone notice promptly confirmed
      in writing) to the Administrative Agent prior to 11:00 A.M. on the third
      Business Day prior to, in the case of the extension of a Eurodollar Loan as,
      or
      conversion of a Base Rate Loan into, a Eurodollar Loan, the date of the proposed
      extension or conversion, specifying the date of the proposed extension or
      conversion, the Loans to be so extended or converted, the types of Loans into
      which such Loans are to be converted and, if appropriate, the applicable
      Interest Periods with respect thereto. Each request for extension or conversion
      shall be irrevocable and shall constitute a representation and warranty by
      the
      Borrower of the matters specified in subsections (b), (c), (d) and (e) of
      Section 4.2. In the event the Borrower fails to request extension or conversion
      of any Eurodollar Loan in accordance with this Section, or any such conversion
      or extension is not permitted or required by this Section, then such Eurodollar
      Loan shall be automatically converted into a Base Rate Loan at the end of the
      Interest Period applicable thereto. The Administrative Agent shall give each
      Lender notice as promptly as practicable of any such proposed extension or
      conversion affecting any Loan.

    

    
      
         

      

      
        23

        
          

        

      

      
         

      

    

    3.3 Prepayments.

    

    (a) Voluntary
      Prepayments.
      The
      Borrower shall have the right to prepay Loans (other than Competitive Loans,
      which may not be prepaid) in whole or in part from time to time, subject to
      Section 3.11, but otherwise without premium or penalty; provided,
      however,
      that
      (i) Base Rate Loans may only be prepaid on one Business Day's prior written
      notice to the Administrative Agent and specifying the applicable Loans to be
      prepaid; (ii) Eurodollar Loans may only be prepaid on three Business Days’ prior
      written notice to the Administrative Agent and specifying the applicable Loans
      to be prepaid; and (iii) each such partial prepayment of Loans shall be in
      the
      case of Revolving Loans, in a minimum principal amount of $5,000,000 and
      multiples of $1,000,000 in excess thereof (or, if less, the full remaining
      amount of the Revolving Loan being prepaid). Subject to the foregoing terms,
      amounts prepaid under this Section 3.3(a) shall be applied as the Borrower
      may
      elect.

    

    (b) Mandatory
      Prepayments.

    

    (i) Commitment
      Limitation.
      If at
      any time, the sum of the aggregate principal amount of outstanding Revolving
      Loans plus
      the
      aggregate principal amount of outstanding Competitive Loans shall exceed the
      Revolving Committed Amount, the Borrower promises to immediately prepay Loans
      in
      an amount sufficient to eliminate such excess (such payments to be applied
      as
      set forth in clause (ii) below).

    

    (iiii) Application
      of Mandatory Prepayments.
      All
      amounts required to be paid pursuant to this Section 3.3(b) shall be
      applied as follows: (A) with respect to all amounts paid pursuant to
      Section 3.3(b), to Revolving Loans. Within
      the parameters of the applications set forth above, payments shall be applied
      first to Base Rate Loans and then to Eurodollar Loans in direct order of
      Interest Period maturities. All payments under this Section 3.3(b) shall be
      subject to Section 3.11, but otherwise without premium or
      penalty,
      and
shall
      be
      accompanied by interest on the principal amount paid through the date of
      payment.

    

    (c) General.
      All
      prepayments made pursuant to this Section 3.3 shall (i) be subject to Section
      3.11 and (ii) unless the Borrower shall specify otherwise, be applied first
      to
      Base Rate Loans, if any, and then to Eurodollar Loans in direct order of
      Interest Period maturities. Except as otherwise set forth in subclause (b)
      above, amounts prepaid on the Revolving Loans may be reborrowed in accordance
      with the provisions hereof.

    

    
      
         

      

      
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    3.4 Termination,
      Reduction and Increase of Revolving Committed Amount.

    

    (a) Voluntary
      Reductions.
      The
      Borrower may from time to time permanently reduce or terminate the Revolving
      Committed Amount in whole or in part (in minimum aggregate amounts of $5,000,000
      or in integral multiples of $1,000,000 in excess thereof (or, if less, the
      full
      remaining amount of the then applicable Revolving Committed Amount)) upon five
      Business Days’ prior written notice to the Administrative Agent; provided,
      however,
      no such
      termination or reduction shall be made which would cause the aggregate principal
      amount of outstanding Revolving Loans plus
      the
      aggregate principal amount of outstanding Competitive Loans to exceed the
      Revolving Committed Amount unless, concurrently with such termination or
      reduction, the Revolving Loans and/or the Competitive Loans are repaid to the
      extent necessary to eliminate such excess. The Commitments of the Lenders shall
      automatically terminate on the Termination Date. The Administrative Agent shall
      promptly notify each affected Lender of receipt by the Administrative Agent
      of
      any notice from the Borrower pursuant to this Section 3.4(a).

    

    (b) Additional
      Commitments.
      The
      Borrower shall have the right no more than once a year to
      increase the Facilities up to an aggregate amount of $1,300,000,000 (with such
      increase to be applied pro rata to the Facilities) without the consent of the
      Lenders, subject however to the satisfaction of each of the following terms
      and
      conditions:

    

    (i) to
      the
      knowledge of the Administrative Agent, no Default or Event of Default shall
      exist and be continuing at the time of such increase;

    

    (ii) concurrently
      with the Borrower’s request for such increase hereunder, the Borrower shall
      deliver to the Administrative Agent, an officer’s certificate substantially in
      the form of Schedule 6.1(c) certifying that no Default or Event of Default
      has
      occurred and is continuing and demonstrating compliance with each of the
      financial covenants set forth in Sections 6.10 and 6.11 both before and after
      giving effect to the increase requested hereunder; 

    

    (iii) such
      increase shall be allocated in the following order:

    

    (A) first,
      to
      the existing Lenders consenting to an increase in the amount of their Revolving
      Commitments; provided
      that (1)
      on or before the tenth Business Day following notification of a requested
      increase in the Revolving Committed Amount, each Lender shall notify the
      Borrower of the desired increase, if any, in its Revolving Commitment and (2)
      if
      the aggregate increases in the Revolving Commitments requested by the existing
      Lenders shall exceed the requested increase in the Revolving Committed Amount,
      the Revolving Commitments of such Lenders shall be increased on a pro rata
      basis
      according to the existing Commitment Percentage of such Lenders;
      and

    

    
      
         

      

      
        25

        
          

        

      

      
         

      

    

    (B) second,
      to any other commercial bank, financial institution or "accredited investor"
      (as
      defined in Regulation D of the SEC) reasonably acceptable to the Administrative
      Agent and the Borrower;

    

    (iv) each
      Person providing a new Commitment shall execute a New Commitment Agreement
      substantially in the form of Schedule
      3.4(b)
      hereto
      and, upon such execution and the satisfaction of the other terms and conditions
      of this Section 3.4(b), such Person shall thereupon become a party hereto and
      have the rights and obligations of a Lender under this Credit Agreement as
      more
      specifically provided in the New Commitment Agreement; and

    

    (v) the
      Administrative Agent shall promptly notify each Lender of (A) the new Revolving
      Committed Amount and (B) each Lender’s Commitment Percentage, in each case after
      giving effect to the one-time increase in Revolving Commitment referred to
      in
      this Section 3.4(b).

    

    
      	 	
              On
                the date (which date shall be a Business Day) on which the increase
                in the
                Revolving Committed Amount occurs the Administrative Agent and the
                Lenders
                shall make adjustments among the Lenders with respect to the Revolving
                Loans outstanding hereunder and under the Four-Year Credit Agreement
                and
                amounts of principal, interest, fees and other amounts paid or payable
                with respect thereto as shall be necessary in order to reallocate
                among
                the Lenders such outstanding amounts based on the new Commitment
                Percentages and to otherwise carry out fully the terms of this Section
                3.4(b). The Borrower agrees that, in connection with any such increase
                in
                the Revolving Committed Amount, it will promptly (i) provide to each
                Lender providing a new or increased Revolving Commitment (upon surrender
                of the existing Revolving Note of such Lender in the case of an existing
                Lender) a Revolving Note in the amount of its new or increased (as
                applicable) Revolving Commitment substantially in the form of the
                Revolving Note attached hereto as Schedule
                2.1(e)
                (but, in the case of a new Revolving Note given to an existing Lender
                that
                increases its Revolving Commitment, with notation thereon that it
                is given
                in substitution for and replacement of the original Revolving Note
                or any
                replacement notes thereof) and (ii) provide to each Lender (upon
                surrender
                of the existing Competitive Note of such Lender in the case of an
                existing
                Lender) a Competitive Note in the amount of the new Revolving Committed
                Amount substantially in the form of the Competitive Note attached
                hereto
                as Schedule
                2.2(f)
                (but, in the case of a new Competitive Note given to an existing
                Lender,
                with notation thereon that it is given in substitution for and replacement
                of the original Competitive Note or any replacement notes thereof).
                Each
                of the parties hereto acknowledges and agrees that no Lender shall
                be
                obligated to increase its Revolving Commitment pursuant to the terms
                of
                this Section 3.4(b).

            

    

    

    (c) Termination
      Date.
      The
      Revolving Commitments of the Lenders shall automatically terminate on the
      Termination Date. 

    

    (d)[Intentionally
      Omitted.]

    

    (e)Change
      of Control.

    

    
      
         

      

      
        26

        
          

        

      

      
         

      

    

    (i) As
      set
      forth in Sections 2.1(a) above, the Borrower may not request any Loans hereunder
      while a Change of Control Standstill Period shall be in effect pursuant to
      this
      Section 3.4(e). Subject
      to the procedures set forth below in this clause (ii) of this Section 3.4(e),
      upon the occurrence of a Change of Control and the expiration of the 20-day
      notice period described below, each Lender shall have the right to terminate
      its
      Commitment hereunder and require that the Borrower prepay (and the Borrower
      agrees to so prepay) in full such Lender's outstanding Loans (such amount the
      "Change
      of Control Prepayment Amount"),
      plus
      accrued and unpaid fees and interest, if any, to the date of prepayment and
      all
      other obligations due to such Lender under this Credit Agreement and the other
      Credit Documents. 

    

    (ii) Upon
      the
      occurrence of any Change of Control, the Administrative Agent shall
      mail a notice (the "Change
      of Control Notice")
      simultaneously to all Lenders providing each Lender with notice of its rights
      under this Section 3.4(e) and a period of twenty (20) calendar days to evaluate
      the Change of Control and make a determination as to whether such Lender will
      terminate its Commitments and accept payment of the Change of Control Prepayment
      Amount, or whether such Lender will accept such Change of Control and continue
      as a Lender hereunder. The period beginning on the effective date of such Change
      of Control and continuing through the expiration of such twenty (20) notice
      day
      period shall be referred to herein as a "Change
      of Control Standstill Period").
      The
      Borrower may not request any Loans hereunder while a Change of Control
      Standstill Period shall be in effect pursuant to this Section
      3.4(e).

    

    (iii) Lenders
      electing to have their Loans prepaid pursuant to this Section 3.4(e) shall
      so
      notify the Administrative Agent as directed in the Change of Control Notice;
      provided,
      however,
      that
      failure by any Lender to make a timely response shall be deemed to constitute
      an
      election by such Lender to terminate its Commitment and accept prepayment of
      its
      Loans. Upon the expiration date of the Change of Control Standstill Period,
      (A)
      all Lenders electing to terminate their Commitments (the "Terminating
      Lenders")
      shall
      surrender their Notes to the Administrative Agent at the address specified
      in
      Section 11.02, (B) all Notes held by Terminating Lenders shall be cancelled
      by
      the Borrower and the Borrower shall pay the applicable Change of Control
      Prepayment Amounts to the Administrative Agent, for the account of the
      Terminating Lenders, and all other Obligations due to the Terminating Lenders
      under this Agreement and the other Credit Documents, (C) the Commitments of
      the
      Terminating Lenders hereunder shall be terminated and the Revolving Committed
      Amount shall be automatically reduced by an amount equal to the aggregate amount
      of the Commitments so terminated, and (D) and the Commitments of those Lenders
      not electing to terminate their Commitments shall automatically
      continue.

    

    (f) General.
      The
      Borrower shall pay to the Administrative Agent for the account of the Lenders
      in
      accordance with the terms of Section 3.5(a), on the date of each termination
      or
      reduction of the Revolving Committed Amount, the Facility Fee accrued through
      the date of such termination or reduction on the amount of the Revolving
      Committed Amount so terminated or reduced.

    

    
      
         

      

      
        27

        
          

        

      

      
         

      

    

    3.5 Fees.

    

    (a) Facility
      Fee.
      In
      consideration of the Revolving Commitments of the Lenders hereunder, the
      Borrower agrees to pay to the Administrative Agent for the account of each
      Lender a fee (the "Facility
      Fee")
      on the
      Revolving Committed Amount computed at a per annum rate for each day during
      the
      applicable Facility Fee Calculation Period (hereinafter defined) equal to the
      Applicable Percentage in effect from time to time. The Facility Fee shall
      commence to accrue on the Closing Date and shall be due and payable in arrears
      on the last Business Day of each March, June, September and December (and any
      date that the Revolving Committed Amount is reduced or increased as provided
      in
      Section 3.4 and the Termination Date) for the immediately preceding quarter
      (or
      portion thereof) (each such quarter or portion thereof for which the Facility
      Fee is payable hereunder being herein referred to as a "Facility
      Fee Calculation Period"),
      beginning with the first of such dates to occur after the Closing
      Date.

    

    (b) Administrative
      Fees.
      The
      Borrower agrees to pay to the Administrative Agent, for its own account, the
      fees referred to in the Administrative Agent’s Fee Letter (collectively, the
      "Administrative
      Agent’s Fees").

    

    (c) Utilization
      Fee.
      During
      such periods as the aggregate principal amount of all outstanding Loans is
      greater than or equal to 50% of the Revolving Committed Amount (each such period
      a "Utilization
      Fee Period"),
      the
      Borrower agrees to pay to the Administrative Agent for the account of each
      Lender a fee (the "Utilization
      Fee")
      on all
      Loans outstanding during each such Utilization Fee Period computed at a per
      annum rate for each day during such period equal to the Applicable Percentage
      for the Utilization Fee in effect from time to time. The Utilization Fee shall
      be due and payable in arrears on the last Business Day of each March, June,
      September and December for all Utilization Fee Periods occurring during the
      immediately preceding quarter (or portion thereof), beginning with the first
      of
      such dates to occur after the Closing Date.

    

    3.6 Capital
      Adequacy.

    

    If
      any
      Lender determines the amount of capital required or expected to be maintained
      by
      such Lender, any Lending Installation of such Lender or any corporation
      controlling such Lender is increased as a result of a Change (as defined below),
      then, within 15 days of demand by such Lender, the Borrower shall pay such
      Lender the amount necessary to compensate for any shortfall in the rate of
      return on the portion of such increased capital which such Lender determines
      is
      attributable to this Credit Agreement, its Loans or its obligation to make
      Loans
      hereunder (after taking into account such Lender’s policies as to capital
      adequacy). "Change" means (i) any change after the Closing Date in the
      Risk-Based Capital Guidelines or (ii) any adoption of or change in any other
      law, governmental or quasi-governmental rule, regulation, policy, guideline,
      interpretation, or directive (whether or not having the force of law) after
      the
      Closing Date which affects the amount of capital required or expected to be
      maintained by any Lender or any Lending Installation or any corporation
      controlling any Lender. "Risk-Based Capital Guidelines" means (i) the risk-based
      capital guidelines in effect in the United States on the Closing Date, including
      transition rules, and (ii) the corresponding capital regulations promulgated
      by
      regulatory authorities outside the United States implementing the July 1988
      report of the Basle Committee on Banking Regulation and Supervisory Practices
      Entitled "International Convergence of Capital Measurements and Capital
      Standards," including transition rules, and any amendments to such regulations
      adopted prior to the Closing Date.

    

    
      
         

      

      
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    3.7 Inability
      To Determine Interest Rate.

    

    If
      prior
      to the first day of any Interest Period, the Administrative Agent shall have
      reasonably determined that, by reason of circumstances affecting the relevant
      market, adequate and reasonable means do not exist for ascertaining the
      Eurodollar Rate for such Interest Period, the Administrative Agent shall give
      telecopy or telephonic notice thereof to the Borrower and the Lenders as soon
      as
      practicable thereafter. If such notice is given (a) any Eurodollar Loans
      requested to be made on the first day of such Interest Period shall be made
      as
      Base Rate Loans and (b) any Loans that were to have been converted on the first
      day of such Interest Period to or continued as Eurodollar Loans shall be
      converted to or continued as Base Rate Loans. Until such notice has been
      withdrawn by the Administrative Agent, no further Eurodollar Loans shall be
      made
      or continued as such, nor shall the Borrower have the right to convert Base
      Rate
      Loans to Eurodollar Loans.

    

    3.8 Illegality.

    

    Notwithstanding
      any other provision herein, if the adoption of or any change in any Requirement
      of Law or in the interpretation or application thereof occurring after the
      Closing Date shall make it unlawful for any Lender to make or maintain
      Eurodollar Loans as contemplated by this Credit Agreement, (a) such Lender
      shall
      promptly give written notice of such circumstances to the Borrower and the
      Administrative Agent (which notice shall be withdrawn whenever such
      circumstances no longer exist), (b) the commitment of such Lender hereunder
      to
      make Eurodollar Loans, continue Eurodollar Loans as such and convert a Base
      Rate
      Loan to Eurodollar Loans shall forthwith be canceled and, until such time as
      it
      shall no longer be unlawful for such Lender to make or maintain Eurodollar
      Loans, such Lender shall then have a commitment only to make a Base Rate Loan
      when a Eurodollar Loan is requested and (c) such Lender’s Loans then outstanding
      as Eurodollar Loans, if any, shall be converted automatically to Base Rate
      Loans
      on the respective last days of the then current Interest Periods with respect
      to
      such Loans or within such earlier period as required by law. If any such
      conversion of a Eurodollar Loan occurs on a day which is not the last day of
      the
      then current Interest Period with respect thereto, the Borrower shall pay to
      such Lender such amounts, if any, as may be required pursuant to Section
      3.11.

    

    3.9 Yield
      Protection.

    

    If
      any
      law or any governmental or quasi-governmental rule, regulation, policy,
      guideline or directive (whether or not having the force of law), or any
      interpretation thereof, or the compliance of any Lender therewith,

    

    
      
         

      

      
        29

        
          

        

      

      
         

      

    

    (a) 
      subjects
      any Lender or any applicable Lending Installation to any tax, duty, charge
      or
      withholding on or from payments due from the Borrower (excluding federal
      taxation of the overall net income of any Lender or applicable Lending
      Installation), or changes the basis of taxation of payments to any Lender in
      respect of its Loans or other amounts due it hereunder;

    

    (b) imposes
      or increases or deems applicable any reserve, assessment, insurance charge,
      special deposit or similar requirements against assets of, deposits with or
      for
      the account of, or credit extended by, any Lender or any applicable Lending
      Installation (other than reserves and assessments taken into account in
      determining the Base Rate);

    

    and
      the
      result of which is to increase the cost to any Lender of making, funding or
      maintaining loans or reduces any amount receivable by any Lender or any
      applicable Lending Installation in connection with loans, or requires any Lender
      or any applicable Lending Installation to make any payment calculated by
      reference to the amount of loans held or interest received by it, by an amount
      deemed material by such Lender;

    

    then,
      within 15 days of demand by such Lender, the Borrower shall pay such Lender
      that
      portion of such increased expense incurred or reduction in an amount received
      which such Lender determines is attributable to making, funding and maintaining
      its Loans and its Commitments. This covenant shall survive the termination
      of
      this Credit Agreement and the payment of the Loans and all other amounts payable
      hereunder.

    

    3.10 Withholding
      Tax Exemption.

    

    Each
      Lender that is not incorporated under the laws of the United States of America
      or a state thereof shall:

    

    (a)    (i) on
      or
      before the date of any payment by the Borrower under this Credit Agreement
      or
      Notes to such Lender, deliver to the Borrower and the Administrative Agent
      (A)
      two (2) duly completed copies of United States Internal Revenue Service Form
      1001 or 4224, or successor applicable form, as the case may be, certifying
      that
      it is entitled to receive payments under this Credit Agreement and any Notes
      without deduction or withholding of any United States federal income taxes
      and
      (B) an Internal Revenue Service Form W-8 or W-9, or successor applicable form,
      as the case may be, certifying that it is entitled to an exemption from United
      States backup withholding tax;

    

    (ii) deliver
      to the Borrower and the Administrative Agent two (2) further copies of any
      such
      form or certification on or before the date that any such form or certification
      expires or becomes obsolete and after the occurrence of any event requiring
      a
      change in the most recent form previously delivered by it to the Borrower;
      and

    

    
      
         

      

      
        30

        
          

        

      

      
         

      

    

    (iii) obtain
      such extensions of time for filing and complete such forms or certifications
      as
      may reasonably be requested by the Borrower or the Administrative Agent;
      or

    

    (b) in
      the
      case of any such Lender that is not a "bank" within the meaning of Section
      881(c)(3)(A) of the Internal Revenue Code, (i) represent to the Borrower (for
      the benefit of the Borrower and the Administrative Agent) that it is not a
      bank
      within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (ii)
      agree to furnish to the Borrower on or before the date of any payment by the
      Borrower, with a copy to the Administrative Agent two (2) accurate and complete
      original signed copies of Internal Revenue Service Form W-8, or successor
      applicable form certifying to such Lender’s legal entitlement at the date of
      such certificate to an exemption from U.S. withholding tax under the provisions
      of Section 881(c) of the Internal Revenue Code with respect to payments to
      be
      made under this Credit Agreement and any Notes (and to deliver to the Borrower
      and the Administrative Agent two (2) further copies of such form on or before
      the date it expires or becomes obsolete and after the occurrence of any event
      requiring a change in the most recently provided form and, if necessary, obtain
      any extensions of time reasonably requested by the Borrower or the
      Administrative Agent for filing and completing such forms), and (iii) agree,
      to
      the extent legally entitled to do so, upon reasonable request by the Borrower,
      to provide to the Borrower (for the benefit of the Borrower and the
      Administrative Agent) such other forms as may be reasonably required in order
      to
      establish the legal entitlement of such Lender to an exemption from withholding
      with respect to payments under this Credit Agreement and any Notes;

    

    unless
      in
      any such case any change in treaty, law or regulation has occurred after the
      date such Person becomes a Lender hereunder which renders all such forms
      inapplicable or which would prevent such Lender from duly completing and
      delivering any such form with respect to it and such Lender so advises the
      Borrower and the Administrative Agent in either case. Each Person that shall
      become a Lender or a participant of a Lender pursuant to subsection 10.3 shall,
      upon the effectiveness of the related transfer, be required to provide all
      of
      the forms, certifications and statements required pursuant to this subsection,
      provided
      that in
      the case of a participant of a Lender the obligations of such participant of
      a
      Lender pursuant to this Section 3.10 shall be determined as if the participant
      of a Lender were a Lender except that such participant of a Lender shall furnish
      all such required forms, certifications and statements to the Lender from which
      the related participation shall have been purchased.

    

    3.11 Indemnity.

    

    The
      Borrower promises to indemnify each Lender and to hold each Lender harmless
      from
      any loss or expense which such Lender may sustain or incur (other than through
      such Lender’s gross negligence or willful misconduct) as a consequence of (a)
      default by the Borrower in making a borrowing of, conversion into or
      continuation of Eurodollar Loans after the Borrower has given a notice
      requesting the same in accordance with the provisions of this Credit Agreement,
      (b) default by the Borrower in making any prepayment of a Eurodollar Loan after
      the Borrower has given a notice thereof in accordance with the provisions of
      this Credit Agreement or (c) the making of a prepayment of Eurodollar Loans
      on a
      day which is not the last day of an Interest Period with respect thereto. With
      respect to Eurodollar Loans, such indemnification may include an amount equal
      to
      the excess, if any, of (i) the amount of interest which would have accrued
      on
      the amount so prepaid, or not so borrowed, converted or continued, for the
      period from the date of such prepayment or of such failure to borrow, convert
      or
      continue to the last day of the applicable Interest Period (or, in the case
      of a
      failure to borrow, convert or continue, the Interest Period that would have
      commenced on the date of such failure) in each case at the applicable rate
      of
      interest for such Eurodollar Loans provided for herein (excluding, however,
      the
      Applicable Percentage included therein, if any) over (ii) the amount of interest
      (as reasonably determined by such Lender) which would have accrued to such
      Lender on such amount by placing such amount on deposit for a comparable period
      with leading banks in the interbank Eurodollar market. The covenants of the
      Borrower set forth in this Section 3.11 shall survive the termination of this
      Credit Agreement and the payment of the Loans and all other amounts payable
      hereunder.

    

    
      
         

      

      
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    3.12 Pro
      Rata Treatment.

    

    Except
      to
      the extent otherwise provided herein:

    

    (a) Loans.
      Each
      Loan, each payment or prepayment of principal of any Loan, each payment of
      interest on the Loans, each payment of Facility Fees, each payment of
      Utilization Fees, each reduction of the Revolving Committed Amount and each
      conversion or extension of any Loan, shall be allocated pro rata among the
      Lenders in accordance with the respective principal amounts of their outstanding
      Loans and Participation Interests. With respect to Competitive Loans, if the
      Borrower fails to specify the particular Competitive Loan or Loans as to which
      any payment or other amount should be applied and it is not otherwise clear
      as
      to the particular Competitive Loan or Loans to which such payment or other
      amounts relate, or any such payment or other amount is to be applied to
      Competitive Loans without regard to any such direction by the Borrower, then
      each payment or prepayment of principal on Competitive Loans and each payment
      of
      interest or other amount on or in respect of Competitive Loans, shall be
      allocated pro rata among the relevant Lenders of Competitive Loans in accordance
      with the then outstanding amounts of their respective Competitive
      Loans.

    

    (b) Advances.
      Unless
      the Administrative Agent shall have been notified in writing by any Lender
      prior
      to a borrowing that such Lender will not make the amount that would constitute
      its ratable share of such borrowing available to the Administrative Agent,
      the
      Administrative Agent may assume that such Lender is making such amount available
      to the Administrative Agent, and the Administrative Agent may, in reliance
      upon
      such assumption, make available to the Borrower a corresponding amount. If
      such
      amount is not made available to the Administrative Agent by such Lender within
      the time period specified therefor hereunder, such Lender shall pay to the
      Administrative Agent, on demand, such amount with interest thereon at a rate
      equal to the Federal Funds Rate for the period until such Lender makes such
      amount immediately available to the Administrative Agent. A certificate of
      the
      Administrative Agent submitted to any Lender with respect to any amounts owing
      under this subsection shall be conclusive in the absence of manifest
      error.

    

    
      
         

      

      
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    3.13 Payments
      Generally; Administrative Agent’s Clawback.

    

    (a) General.
      All
      payments to be made by the Borrower shall be made without condition or deduction
      for any counterclaim, defense, recoupment or setoff. Except as otherwise
      expressly provided herein, all payments by the Borrower hereunder shall be
      made
      to the Administrative Agent, for the account of the respective Lenders to which
      such payment is owed, at the Administrative Agent’s Office in Dollars and in
      immediately available funds not later than 4:00 P.M. on the date specified
      herein. The Administrative Agent will promptly distribute to each Lender its
      Applicable Percentage (or other applicable share as provided herein) of such
      payment in like funds as received by wire transfer to such Lender’s Lending
      Office. All payments received by the Administrative Agent after 4:00 P.M.
      shall be deemed received on the next succeeding Business Day and any applicable
      interest or fee shall continue to accrue. If any payment to be made by the
      Borrower shall come due on a day other than a Business Day, payment shall be
      made on the next following Business Day, and such extension of time shall be
      reflected in computing interest or fees, as the case may be. 

    

    (b) (i)
      Funding
      by Lenders; Presumption by Administrative Agent.
      Unless
      the Administrative Agent shall have received notice from a Lender prior to
      the
      proposed date of any Committed Borrowing of Eurodollar Rate Loans (or, in the
      case of any Committed Borrowing of Base Rate Loans, prior to 12:00 noon on
      the
      date of such Committed Borrowing) that such Lender will not make available
      to
      the Administrative Agent such Lender’s share of such Committed Borrowing, the
      Administrative Agent may assume that such Lender has made such share available
      on such date in accordance with Sections 2.1(b) and 3.2 (or, in the case of
      a Committed Borrowing of Base Rate Loans, that such Lender has made such share
      available in accordance with and at the time required by Sections 2.1(b)
      and 3.2) and may, in reliance upon such assumption, make available to the
      Borrower a corresponding amount. In such event, if a Lender has not in fact
      made
      its share of the applicable Committed Borrowing available to the Administrative
      Agent, then the applicable Lender and the Borrower severally agree to pay to
      the
      Administrative Agent forthwith on demand such corresponding amount in
      immediately available funds with interest thereon, for each day from and
      including the date such amount is made available to the Borrower to but
      excluding the date of payment to the Administrative Agent, at (A) in the
      case of a payment to be made by such Lender, the greater of the Federal Funds
      Rate and a rate determined by the Administrative Agent in accordance with
      banking industry rules on interbank compensation and (B) in the case of a
      payment to be made by the Borrower, the interest rate applicable to Base Rate
      Loans. If the Borrower and such Lender shall pay such interest to the
      Administrative Agent for the same or an overlapping period, the Administrative
      Agent shall promptly remit to the Borrower the amount of such interest paid
      by
      the Borrower for such period. If such Lender pays its share of the applicable
      Committed Borrowing to the Administrative Agent, then the amount so paid shall
      constitute such Lender’s Committed Loan included in such Committed Borrowing.
      Any payment by the Borrower shall be without prejudice to any claim the Borrower
      may have against a Lender that shall have failed to make such payment to the
      Administrative Agent.

    

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

    

    
      
         

      

      
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    A
      notice
      of the Administrative Agent to any Lender or the Borrower with respect to any
      amount owing under this subsection (b) shall be conclusive, absent
      convincing evidence to the contrary.

    

    (c) Failure
      to Satisfy Conditions Precedent.
      If any
      Lender makes available to the Administrative Agent funds for any Loan to be
      made
      by such Lender as provided in the foregoing provisions of this Section 3, and
      such funds are not made available to the Borrower by the Administrative Agent
      because the conditions to the applicable Credit Extension set forth in Section
      4
      are not satisfied or waived in accordance with the terms hereof, the
      Administrative Agent shall return such funds (in like funds as received from
      such Lender) to such Lender, without interest.

    

    (d) Obligations
      of Lenders Several.
      The
      obligations of the Lenders hereunder to make Committed Loans and to make
      payments pursuant to Section 9.7 are several and not joint. The failure of
      any Lender to make any Committed Loan, to fund any such participation or to
      make
      any payment under Section 9.7 on any date required hereunder shall not
      relieve any other Lender of its corresponding obligation to do so on such date,
      and no Lender shall be responsible for the failure of any other Lender to so
      make its Committed Loan, to purchase its participation or to make its payment
      under Section 9.7.

    

    (e) Funding
      Source.
      Nothing
      herein shall be deemed to obligate any Lender to obtain the funds for any Loan
      in any particular place or manner or to constitute a representation by any
      Lender that it has obtained or will obtain the funds for any Loan in any
      particular place or manner.

    

    3.14 Sharing
      of Payments.

    

    The
      Lenders agree among themselves that, in the event that any Lender shall obtain
      payment in respect of any Loan or any other obligation owing to such Lender
      under this Credit Agreement through the exercise of a right of setoff, banker’s
      lien or counterclaim, or pursuant to a secured claim under Section 506 of Title
      11 of the United States Code or other security or interest arising from, or
      in
      lieu of, such secured claim, received by such Lender under any applicable
      bankruptcy, insolvency or other similar law or otherwise, or by any other means,
      in excess of its pro rata share of such payment as provided for in this Credit
      Agreement, such Lender shall promptly purchase from the other Lenders a
      participation in such Loans and other obligations in such amounts, and make
      such
      other adjustments from time to time, as shall be equitable to the end that
      all
      Lenders share such payment in accordance with their respective ratable shares
      as
      provided for in this Credit Agreement. The Lenders further agree among
      themselves that if payment to a Lender obtained by such Lender through the
      exercise of a right of setoff, banker’s lien, counterclaim or other event as
      aforesaid shall be rescinded or must otherwise be restored, each Lender which
      shall have shared the benefit of such payment shall, by repurchase of a
      participation theretofore sold, return its share of that benefit (together
      with
      its share of any accrued interest payable with respect thereto) to each Lender
      whose payment shall have been rescinded or otherwise restored. The Borrower
      agrees that any Lender so purchasing such a participation may, to the fullest
      extent permitted by law, exercise all rights of payment, including setoff,
      banker’s lien or counterclaim, with respect to such participation as fully as if
      such Lender were a holder of such Loan or other obligation in the amount of
      such
      participation. Except as otherwise expressly provided in this Credit Agreement,
      if any Lender or the Administrative Agent shall fail to remit to the
      Administrative Agent or any other Lender an amount payable by such Lender or
      the
      Administrative Agent to the Administrative Agent or such other Lender pursuant
      to this Credit Agreement on the date when such amount is due, such payments
      shall be made together with interest thereon for each date from the date such
      amount is due until the date such amount is paid to the Administrative Agent
      or
      such other Lender at a rate per annum equal to the Federal Funds Rate. If under
      any applicable bankruptcy, insolvency or other similar law, any Lender receives
      a secured claim in lieu of a setoff to which this Section 3.13 applies, such
      Lender shall, to the extent practicable, exercise its rights in respect of
      such
      secured claim in a manner consistent with the rights of the Lenders under this
      Section 3.13 to share in the benefits of any recovery on such secured
      claim.

    

    
      
         

      

      
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    3.15 Payments,
      Computations, Etc. 

    

    (a) Except
      as
      otherwise specifically provided herein, all payments hereunder (other than
      payments in respect of Competitive Loans) shall be made to the Administrative
      Agent in dollars in immediately available funds, without offset, deduction,
      counterclaim or withholding of any kind, at the Administrative Agent’s office
      specified in Schedule
      2.1(a)
      not
      later than 4:00 P.M. on the date when due. Payments received after such time
      shall be deemed to have been received on the next succeeding Business Day.
      The
      Administrative Agent may (but shall not be obligated to) debit the amount of
      any
      such payment which is not made by such time to any ordinary deposit account
      of
      the Borrower maintained with the Administrative Agent (with notice to the
      Borrower). The Borrower shall, at the time it makes any payment under this
      Credit Agreement (other than payments in respect of Competitive Loans), specify
      to the Administrative Agent the Loans, Fees, interest or other amounts payable
      by the Borrower hereunder to which such payment is to be applied (and in the
      event that it fails so to specify, or if such application would be inconsistent
      with the terms hereof, the Administrative Agent shall distribute such payment
      to
      the Lenders in such manner as the Administrative Agent may determine to be
      appropriate in respect of obligations owing by the Borrower hereunder, subject
      to the terms of Section 3.12(a)). The Administrative Agent will distribute
      such
      payments to such Lenders, if any such payment is received prior to 12:00 Noon
      on
      a Business Day in like funds as received prior to the end of such Business
      Day
      and otherwise the Administrative Agent will distribute such payment to such
      Lenders on the next succeeding Business Day. All payments of principal and
      interest in respect of Competitive Loans shall be made in accordance with the
      terms of Section 2.2. Whenever any payment hereunder shall be stated to be
      due
      on a day which is not a Business Day, the due date thereof shall be extended
      to
      the next succeeding Business Day (subject to accrual of interest and Fees for
      the period of such extension), except that in the case of Eurodollar Loans,
      if
      the extension would cause the payment to be made in the next following calendar
      month, then such payment shall instead be made on the next preceding Business
      Day. Except as expressly provided otherwise herein, all computations of interest
      and fees shall be made on the basis of actual number of days elapsed over a
      year
      of 360 days, except with respect to computation of interest on Base Rate Loans
      which (unless the Base Rate is determined by reference to the Federal Funds
      Rate) shall be calculated based on a year of 365 or 366 days, as appropriate.
      Interest shall accrue from and include the date of borrowing, but exclude the
      date of payment.

    

    
      
         

      

      
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    (b) Allocation
      of Payments After Event of Default.
      Notwithstanding any other provisions of this Credit Agreement to the contrary,
      after the occurrence and during the continuance of an Event of Default, all
      amounts collected or received by the Administrative Agent or any Lender on
      account of the Loans, Fees or any other amounts outstanding under any of the
      Credit Documents shall be paid over or delivered as follows:

    

    FIRST,
      to
      the payment of all reasonable out-of-pocket costs and expenses (including
      without limitation reasonable attorneys’ fees) of the Administrative Agent in
      connection with enforcing the rights of the Lenders under the Credit
      Documents;

    

    SECOND,
      to payment of any fees owed to the Administrative Agent;

    

    THIRD,
      to
      the payment of all reasonable out-of-pocket costs and expenses (including
      without limitation, reasonable attorneys’ fees) of each of the Lenders in
      connection with enforcing its rights under the Credit Documents or otherwise
      with respect to amounts owing to such Lender;

    

    FOURTH,
      to the payment of accrued fees and interest;

    

    FIFTH,
      to
      the payment of the outstanding principal amount of the Loans;

    

    SIXTH,
      to
      all other amounts and other obligations which shall have become due and payable
      under the Credit Documents or otherwise and not repaid pursuant to clauses
      "FIRST" through "FIFTH" above; and

    

    SEVENTH,
      to the payment of the surplus, if any, to whomever may be lawfully entitled
      to
      receive such surplus.

    

    In
      carrying out the foregoing, (i) amounts received shall be applied in the
      numerical order provided until exhausted prior to application to the next
      succeeding category; and (ii)
      each of
      the Lenders shall receive an amount equal to its pro rata share (based on the
      proportion that the then outstanding Loans held by such Lender bears to the
      aggregate then outstanding Loans) of amounts available to be applied pursuant
      to
      clauses "THIRD", "FOURTH", "FIFTH" and "SIXTH" above.

    

    
      
         

      

      
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    3.16 Evidence
      of Debt.

    

    (a) Each
      Lender shall maintain an account or accounts evidencing each Loan made by such
      Lender to the Borrower from time to time, including the amounts of principal
      and
      interest payable and paid to such Lender from time to time under this Credit
      Agreement. Each Lender will make reasonable efforts to maintain the accuracy
      of
      its account or accounts and to promptly update its account or accounts from
      time
      to time, as necessary.

    

    (b) The
      Administrative Agent shall maintain the Register pursuant to Section 10.3(c)
      hereof, and a subaccount for each Lender, in which Register and subaccounts
      (taken together) shall be recorded (i) the amount, type and Interest Period
      of
      each such Loan hereunder, (ii) the amount of any principal or interest due
      and
      payable or to become due and payable to each Lender hereunder and (iii) the
      amount of any sum received by the Administrative Agent hereunder from or for
      the
      account of the Borrower and each Lender’s share thereof. The Administrative
      Agent will make reasonable efforts to maintain the accuracy of the subaccounts
      referred to in the preceding sentence and to promptly update such subaccounts
      from time to time, as necessary.

    

    (c) The
      entries made in the accounts, Register and subaccounts maintained pursuant
      to
      subsection (b) of this Section 3.15 (and, if consistent with the entries of
      the
      Administrative Agent, subsection (a)) shall be conclusive,
      absent convincing evidence to the contrary,
      evidence of the existence and amounts of the obligations of the Borrower therein
      recorded; provided,
      however,
      that
      the failure of any Lender or the Administrative Agent to maintain any such
      account, such Register or such subaccount, as applicable, or any error therein,
      shall not in any manner affect the obligation of the Borrower to repay the
      Loans
      made by such Lender in accordance with the terms hereof.

    

    3.17 Replacement
      of Lenders.

    

    In
      the
      event any Lender delivers to the Borrower any notice in accordance with Sections
      3.6, 3.8, 3.9 or 3.10, then the Borrower shall have the right, if no Default
      or
      Event of Default then exists, to replace such Lender (the "Replaced
      Lender")
      with
      one or more additional banks or financial institutions (collectively, the
      "Replacement
      Lender"),
      provided
      that (A)
      at the time of any replacement pursuant to this Section 3.16, the Replacement
      Lender shall enter into one or more Assignment and Assumptions pursuant to,
      and
      in accordance with the terms of, Section 10.3(b) (and with all fees payable
      pursuant to said Section 10.3(b) to be paid by the Replacement Lender) pursuant
      to which the Replacement Lender shall acquire all of the rights and obligations
      of the Replaced Lender hereunder and, in connection therewith, shall pay to
      the
      Replaced Lender in respect thereof an amount equal to the sum of (a) the
      principal of, and all accrued interest on, all outstanding Loans of the Replaced
      Lender, and (b) all accrued, but theretofore unpaid, fees owing to the Replaced
      Lender pursuant to Section 3.5(a), and (B) all obligations of the Borrower
      owing
      to the Replaced Lender (including all obligations, if any, owing pursuant to
      Section 3.6, 3.8 or 3.9, but excluding those obligations specifically described
      in clause (A) above in respect of which the assignment purchase price has been,
      or is concurrently being paid) shall be paid in full to such Replaced Lender
      concurrently with such replacement.

    

    
      
         

      

      
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    SECTION
      4

    

    CONDITIONS

    

    4.1 Closing
      Conditions.

    

    The
      obligation of the Lenders to enter into this Credit Agreement and to make the
      initial Loans shall be subject to satisfaction of the following conditions
      (in
      form and substance acceptable to the Lenders):

    

    (a) The
      Administrative Agent shall have received original counterparts of this Credit
      Agreement executed by each of the parties hereto;

    

    (b) The
      Administrative Agent shall have received an appropriate original Revolving
      Note
      for each Lender requesting a Revolving Note, executed by the
      Borrower;

    

    (c) The
      Administrative Agent shall have received an appropriate original Competitive
      Note for each Lender requesting a Competitive Note, executed by the
      Borrower;

    

    (d) [intentionally
      omitted];

    

    (e) The
      Administrative Agent shall have received all documents it may reasonably request
      relating to the existence and good standing of the Borrower, the corporate
      or
      other necessary authority for and the validity of the Credit Documents, and
      any
      other matters relevant thereto, all in form and substance reasonably
      satisfactory to the Administrative Agent;

    

    (f) The
      Administrative Agent shall have received a legal opinion of Harry L. Goldsmith,
      Esq., general counsel for the Borrower, dated as of the Closing Date and
      substantially in the form of Schedule
      4.1(f);
      

    

    (g) Since
      August 27, 2005 there shall not have occurred or otherwise exist an event or
      condition which has a Material Adverse Effect;

    

    (h) The
      Administrative Agent shall have received, for its own account and for the
      accounts of the Lenders, all fees and expenses required by this Credit Agreement
      or any other Credit Document to be paid on or before the Closing
      Date;

    

    (i) The
      Administrative Agent shall have received evidence that all obligations due
      and
      owing under the Existing Five-Year Credit Agreement shall have been, or
      concurrently with the date hereof will be, paid in full; 

    

    
      
         

      

      
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    (j) The
      Administrative Agent shall have received evidence that all obligations due
      and
      owing under the Existing 364-Day Credit Agreement shall have been, or
      concurrently with the date hereof will be, paid in full and such facility
      terminated; 

    

    (k) The
      Administrative Agent shall have received evidence that the "Closing Date" under
      the Amended and Restated Five-Year Credit Agreement shall have occurred
      simultaneously; 

    

    (l) The
      Administrative Agent shall have received evidence that the effectiveness of
      the
      Term Loan Amendment shall have occurred simultaneously; and

    

    (m) The
      Administrative Agent shall have received such other documents, agreements or
      information which may be reasonably requested by the Administrative
      Agent.

    

    4.2 Conditions
      to all Extensions of Credit.

    

    The
      obligations of each Lender to make, convert or extend any Loan (including the
      initial Loans) hereunder are subject to satisfaction of the following conditions
      in addition to satisfaction on the Closing Date of the conditions set forth
      in
      Section 4.1:

    

    (a) The
      Borrower shall have delivered in the case of any Revolving Loan to the
      Administrative Agent, an appropriate Notice of Borrowing or Notice of
      Extension/Conversion,;

    

    (b) The
      representations and warranties set forth in Section 5 shall be, subject to
      the
      limitations set forth therein, true and correct in all material respects as
      of
      such date (except for those which expressly relate to an earlier
      date);

    

    (c) There
      shall not have been commenced against the Borrower an involuntary case under
      any
      applicable bankruptcy, insolvency or other similar law now or hereafter in
      effect, or any case, proceeding or other action for the appointment of a
      receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar
      official) of the Borrower or for any substantial part of its Property or for
      the
      winding up or liquidation of its affairs, and such involuntary case or other
      case, proceeding or other action shall remain undismissed, undischarged or
      unbonded;

    

    (d) No
      Default or Event of Default shall exist and be continuing either prior to or
      after giving effect thereto; and

    

    (e) Immediately
      after giving effect to the making of such Loan (and the application of the
      proceeds thereof), the sum of the aggregate principal amount of outstanding
      Revolving Loans plus
      the
      aggregate principal amount of outstanding Competitive Loans shall not exceed
      the
      Revolving Committed Amount.

    

    The
      delivery of each Notice of Borrowing and each Notice of Extension/Conversion
      shall constitute a representation and warranty by the Borrower of the
      correctness of the matters specified in subsections (b), (c), (d) and (e) above.
      Notwithstanding the foregoing, the Borrower may not request any Loans hereunder
      while a Change of Control Standstill Period shall be in effect pursuant to
      Section
      3.4(e)
      hereof.

    

    
      
         

      

      
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    SECTION
      5

    

    REPRESENTATIONS
      AND WARRANTIES

    

    The
      Borrower hereby represents to the Administrative Agent and each Lender
      that:

    

    5.1 Financial
      Position; No Internal Control Event.

    

    (a) The
      audited consolidated balance sheet of the Borrower and its consolidated
      Subsidiaries as of August 27, 2005 and the audited consolidated statements
      of
      earnings and statements of cash flows for the year ended August 27, 2005 have
      heretofore been furnished to each Lender. Such financial statements (including
      the notes thereto) (a) have been audited by Ernst & Young LLP, (b) have been
      prepared in accordance with GAAP consistently applied throughout the periods
      covered thereby and (c) present fairly (on the basis disclosed in the footnotes
      to such financial statements) the consolidated financial position, results
      of
      operations and cash flows of the Borrower and its consolidated Subsidiaries
      as
      of such date and for such periods. During the period from August 27,
      2005 to
      and
      including the Closing Date, there has been no sale, transfer or other
      disposition by the Borrower or any of its Subsidiaries of any material part
      of
      the business or property of the Borrower and its consolidated Subsidiaries,
      taken as a whole, and no purchase or other acquisition by any of them of any
      business or property (including any capital stock of any other person) material
      in relation to the consolidated financial position of the Borrower and its
      consolidated Subsidiaries, taken as a whole, in each case, which, is not
      reflected in the foregoing financial statements or in the notes thereto and
      has
      not otherwise been disclosed in writing to the Lenders on or prior to the
      Closing Date. Since August 27, 2005, through and including the Closing Date,
      there has not occurred an event or condition which has had a Material Adverse
      Effect.

    

    (b) To
      the
      best knowledge of the Borrower, no Internal Control Event exists or has occurred
      since the date of the Audited Financial Statements through the Closing
      Date.

    

    5.2 Organization;
      Existence; Compliance with Law.

    

    Each
      of
      the Borrower and its Subsidiaries (a) is duly organized, validly existing and
      in
      good standing under the laws of the jurisdiction of its incorporation or
      organization, (b) has the corporate or other necessary power and authority,
      and
      the legal right, to own and operate its property, to lease the property it
      operates as lessee and to conduct the business in which it is currently engaged,
      except to the extent that the failure to have such legal right would not be
      reasonably expected to have a Material Adverse Effect, (c) is duly qualified
      as
      a foreign entity and in good standing under the laws of each jurisdiction where
      its ownership, lease or operation of property or the conduct of its business
      requires such qualification, other than in such jurisdictions where the failure
      to be so qualified and in good standing would not be reasonably expected to
      have
      a Material Adverse Effect, and (d) is in compliance with all material
      Requirements of Law, except to the extent that the failure to comply therewith
      would not, in the aggregate, be reasonably expected to have a Material Adverse
      Effect.

    

    
      
         

      

      
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    5.3 Power;
      Authorization; Enforceable Obligations.

    

    The
      Borrower has the corporate or other necessary power and authority, and the
      legal
      right, to make, deliver and perform the Credit Documents to which it is a party,
      and in the case of the Borrower, to borrow hereunder, and has taken all
      necessary corporate action to authorize the borrowings on the terms and
      conditions of this Credit Agreement and to authorize the execution, delivery
      and
      performance of the Credit Documents to which it is a party. No consent or
      authorization of, filing with, notice to or other similar act by or in respect
      of, any Governmental Authority or any other Person is required to be obtained
      or
      made by or on behalf of the Borrower in connection with the borrowings hereunder
      or with the execution, delivery, performance, validity or enforceability of
      the
      Credit Documents to which the Borrower is a party. This Credit Agreement has
      been, and each other Credit Document to which the Borrower is a party will
      be,
      duly executed and delivered on behalf of the Borrower. This Credit Agreement
      constitutes, and each other Credit Document to which the Borrower is a party
      when executed and delivered will constitute, a legal, valid and binding
      obligation of the Borrower enforceable against such party in accordance with
      its
      terms, except as enforceability may be limited by applicable bankruptcy,
      insolvency, reorganization, moratorium or similar laws affecting the enforcement
      of creditors’ rights generally and by general equitable principles (whether
      enforcement is sought by proceedings in equity or at law).

    

    5.4 No
      Legal Bar.

    

    The
      execution, delivery and performance of the Credit Documents by the Borrower,
      the
      borrowings hereunder and the use of the proceeds thereof (a) will not violate
      any Requirement of Law or contractual obligation of the Borrower or any of
      its
      Subsidiaries in any respect that would reasonably be expected to have a Material
      Adverse Effect, (b) will not result in, or require, the creation or imposition
      of any Lien on any of the properties or revenues of any of the Borrower or
      any
      of its Subsidiaries pursuant to any such Requirement of Law or contractual
      obligation, and (c) will not violate or conflict with any provision of the
      Borrower’s articles of incorporation or by-laws.

    

    5.5 No
      Material Litigation.

    

    Except
      as
      disclosed in Schedule 5.5, there are no actions, suits or proceedings pending
      or, to the best knowledge of the Borrower, threatened against or affecting
      the
      Borrower, any of its Subsidiaries or any of its properties before any
      Governmental Authority that (a) could reasonably be expected to have a Material
      Adverse Effect or (b) in any manner draw into question the validity, legality
      or
      enforceability of any Credit Document or any transaction contemplated
      thereby.

    

    5.6 No
      Default.

    

    Neither
      the Borrower nor any of its Subsidiaries is in default under or with respect
      to
      any of their contractual obligations in any respect which would be reasonably
      expected to have a Material Adverse Effect. No Default or Event of Default
      has
      occurred and is continuing.

    

    
      
         

      

      
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    5.7 Ownership
      of Property; Liens.

    

    Each
      of
      the Borrower and its Subsidiaries has good record and marketable title in fee
      simple to, or a valid leasehold interest in, all its material real property,
      and
      good title to, or a valid leasehold interest in, all its other material
      property, and none of such property is subject to any Lien, except for Permitted
      Liens.

    

    5.8 No
      Burdensome Restrictions.

    

    Except
      as
      previously disclosed in writing to the Lenders on or prior to the Closing Date,
      no Requirement of Law or contractual obligation of the Borrower or any of its
      Subsidiaries would be reasonably expected to have a Material Adverse
      Effect.

    

    5.9 Taxes.

    

    Each
      of
      the Borrower and its Subsidiaries has filed or caused to be filed all United
      States federal income tax returns and all other material tax returns which,
      to
      the best knowledge of the Borrower, are required to be filed and has paid (a)
      all taxes shown to be due and payable on said returns or (b) all taxes shown
      to
      be due and payable on any assessments of which it has received notice made
      against it or any of its property and all other taxes, fees or other charges
      imposed on it or any of its property by any Governmental Authority (other than
      any (i) taxes, fees or other charges with respect to which the failure to pay,
      in the aggregate, would not have a Material Adverse Effect or (ii) taxes, fees
      or other charges the amount or validity of which are currently being contested
      and with respect to which reserves in conformity with GAAP have been provided
      on
      the books of such Person), and no tax Lien has been filed, and, to the best
      knowledge of the Borrower, no claim is being asserted, with respect to any
      such
      tax, fee or other charge.

    

    5.10 ERISA.

    

    Except
      as
      would not result in a Material Adverse Effect: 

    

    (a) During
      the five-year period prior to the date on which this representation is made
      or
      deemed made: (i) no ERISA Event has occurred, and, to the best knowledge of
      the
      Borrower, no event or condition has occurred or exists as a result of which
      any
      ERISA Event could reasonably be expected to occur, with respect to any Plan;
      (ii) no "accumulated funding deficiency," as such term is defined in Section
      302
      of ERISA and Section 412 of the Code, whether or not waived, has occurred with
      respect to any Plan; (iii) each Single Employer Plan and, to the best knowledge
      of the Borrower, each Multiemployer Plan has been maintained, operated, and
      funded in compliance with its own terms and in material compliance with the
      provisions of ERISA, the Code, and any other applicable federal or state laws;
      and (iv) no lien in favor of the PBGC or a Plan has arisen or is reasonably
      likely to arise on account of any Plan.

    

    (b) The
      actuarial present value of all "benefit liabilities" (as defined in Section
      4001(a)(16) of ERISA), whether or not vested, under each Single Employer Plan,
      as of the last annual valuation date prior to the date on which this
      representation is made or deemed made (determined, in each case, utilizing
      the
      actuarial assumptions used in such Plan’s most recent actuarial valuation
      report), did not exceed as of such valuation date the fair market value of
      the
      assets of such Plan.

    

    
      
         

      

      
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    (c) Neither
      the Borrower, any of the Subsidiaries of the Borrower nor any ERISA Affiliate
      has incurred, or, to the best knowledge of the Borrower, could be reasonably
      expected to incur, any withdrawal liability under ERISA to any Multiemployer
      Plan or Multiple Employer Plan. Neither the Borrower, any of the Subsidiaries
      of
      the Borrower nor any ERISA Affiliate would become subject to any withdrawal
      liability under ERISA if the Borrower, any of the Subsidiaries of the Borrower
      or any ERISA Affiliate were to withdraw completely from all Multiemployer Plans
      and Multiple Employer Plans as of the valuation date most closely preceding
      the
      date on which this representation is made or deemed made. Neither the Borrower,
      any of the Subsidiaries of the Borrower nor any ERISA Affiliate has received
      any
      notification that any Multiemployer Plan is in reorganization (within the
      meaning of Section 4241 of ERISA), is insolvent (within the meaning of Section
      4245 of ERISA), or has been terminated (within the meaning of Title IV of
      ERISA), and no Multiemployer Plan is, to the best knowledge of the Borrower,
      reasonably expected to be in reorganization, insolvent, or
      terminated.

    

    (d) No
      prohibited transaction (within the meaning of Section 406 of ERISA or Section
      4975 of the Code) or breach of fiduciary responsibility has occurred with
      respect to a Plan which has subjected or may subject the Borrower, any of the
      Subsidiaries of the Borrower or any ERISA Affiliate to any liability under
      any
      of Section 406, 409, 502(i), or 502(l) of ERISA or Section 4975 of the Code,
      or
      under any agreement or other instrument pursuant to which the Borrower, any
      of
      the Subsidiaries of the Borrower or any ERISA Affiliate has agreed or is
      required to indemnify any person against any such liability. 

    

    (e) Neither
      the Borrower, any Subsidiary of the Borrower nor any ERISA Affiliates has any
      material liability with respect to "expected post-retirement benefit
      obligations" within the meaning of the Financial Accounting Standards Board
      Statement 106.

    

    (f) Neither
      the execution and delivery of this Credit Agreement nor the consummation of
      the
      financing transactions contemplated thereunder will involve any transaction
      which is subject to the prohibitions of any of Section 404, 406 or 407 of ERISA
      or in connection with which a tax could be imposed pursuant to Section 4975
      of
      the Code. The representation by the Borrower in the preceding sentence is made
      in reliance upon and subject to the accuracy of the Lenders’ representation in
      Section 10.15 with respect to their source of funds and is subject, in the
      event
      that the source of the funds used by the Lenders in connection with this
      transaction is an insurance company’s general asset account, to the application
      of Prohibited Transaction Class Exemption 95-60, 60 Fed. Reg. 35,925 (1995),
      compliance with the regulations issued under Section 401(c)(1)(A) of ERISA,
      or
      the issuance of any other prohibited transaction exemption or similar relief,
      to
      the effect that assets in an insurance company’s general asset account do not
      constitute assets of an "employee benefit plan" within the meaning of Section
      3(3) of ERISA of a "plan" within the meaning of Section 4975(e)(1) of the
      Code.

    

    
      
         

      

      
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    5.11 Governmental
      Regulations, Etc. 

    

    (a) No
      part
      of the pro-ceeds of the Loans will be used, directly or indirectly, for the
      purpose of purchasing or carrying any "margin stock" in violation of Regulation
      U. If requested by any Lender or the Administrative Agent, the Borrower will
      furnish to the Administrative Agent and each Lender a statement to the foregoing
      effect in conformity with the requirements of FR Form U-1 referred to in said
      Regulation U. No indebtedness being reduced or retired out of the proceeds
      of
      the Loans was or will be incurred for the purpose of purchasing or carrying
      any
      margin stock within the meaning of Regulation U or any "margin security" within
      the meaning of Regulation T. "Margin stock" within the meanings of Regulation
      U
      does not constitute more than 25% of the value of the consolidated assets of
      the
      Borrower and its Subsidiaries. None of the transactions contemplated by this
      Credit Agreement (including, without limitation, the direct or indirect use
      of
      the proceeds of the Loans) will violate or result in a violation of the
      Securities Act of 1933, as amended, or the Securities Exchange Act of 1934,
      as
      amended, or regulations issued pursuant thereto, or Regulation T, U or X.

    

    (b) Neither
      the Borrower nor any of its Subsidiaries is subject to regulation under the
      Federal Power Act or the Investment Company Act of 1940, each as amended. In
      addition, neither the Borrower nor any of its Subsidiaries is an "investment
      company" registered or required to be registered under the Investment Company
      Act of 1940, as amended, and is not controlled by such a company.

    

    (c) 
      Each of
      the Borrower and its Subsidiaries has obtained all licenses, permits, franchises
      or other governmental authorizations necessary to the ownership of its
      respective Property and to the conduct of its business, except where such
      failure could not reasonably be expected to have a Material Adverse
      Effect.

    

    (d) Neither
      the Borrower nor any of its Subsidiaries is in violation of any applicable
      statute, regulation or ordinance of the United States of America, or of any
      state, city, town, municipality, county or any other jurisdiction, or of any
      agency thereof (including without limitation, environmental laws and
      regulations), except where such violation could not reasonably be expected
      to
      have a Material Adverse Effect.

    

    (e) 
      Each of
      the Borrower and its Subsidiaries is current with all material reports and
      documents, if any, required to be filed with any state or federal securities
      commission or similar agency and is in full compliance in all material respects
      with all applicable rules and regulations of such commissions, except where
      such
      failure could not reasonably be expected to have a Material Adverse
      Effect.

    

    
      
         

      

      
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    5.12 Subsidiaries.

    

    Schedule
      5.12
      sets
      forth all the Subsidiaries of the Borrower at the Closing Date, the jurisdiction
      of their organization and the direct or indirect ownership interest of the
      Borrower therein.

    

    5.13 Purpose
      of Loans.

    

    The
      proceeds of the Loans hereunder shall be used solely by the Borrower to (a)
      to
      refinance existing Indebtedness of the Borrower under existing credit
      agreements, (b) repurchase stock in the Borrower, (c) to finance acquisitions
      to
      the extent permitted under this Credit Agreement and (d) for the working
      capital, commercial paper back up, capital expenditures and other lawful
      corporate purposes of the Borrower and its Subsidiaries. 

    

    5.14 Disclosure.

    

    No
      certificate (including any financial statements or other documents or attached
      thereto) furnished by or on behalf of the Borrower to the Administrative Agent
      or any Lender in connection with the transactions contemplated hereby and the
      negotiation of this Credit Agreement or delivered hereunder (as modified or
      supplemented by other information so furnished) contains any material
      misstatement of fact or omits to state any material fact necessary to make
      the
      statements therein, in the light of the circumstances under which they were
      made, not misleading. 

     

    5.15 Taxpayer
      Identification Number.

    

    The
      Borrower's true and correct U.S. taxpayer identification number is set forth
      on
Schedule
      10.1.

    

    SECTION
      6

    

    AFFIRMATIVE
      COVENANTS

    

    The
      Borrower hereby covenants and agrees that so long as this Credit Agreement
      is in
      effect or any amounts payable hereunder or under any other Credit Document
      shall
      remain outstanding, and until all of the Commitments hereunder shall have
      terminated:

    

    6.1 Information
      Covenants.

    

    The
      Borrower will furnish, or cause to be furnished, to the Administrative Agent
      and
      the Lenders:

    

    
      
         

      

      
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    (a) Annual
      Financial Statements.
      As soon
      as available, and in any event within the earlier of (i) the 100th
      day
      after the end of each fiscal year of the Borrower and (ii) the day that is
      ten
      (10) Business Days after the date the Borrower's annual report on Form 10-K
      is
      required to be filed with the SEC, as of the end of such fiscal year, a
      consolidated balance sheet, consolidated statement of income, consolidated
      statement of stockholders’ equity and consolidated statement of cash flows of
      the Borrower and its Subsidiaries for such fiscal year, setting forth in
      comparative form consolidated figures for the preceding fiscal year, all such
      financial information described above to be in reasonable form and detail
and
      prepared in accordance with GAAP, such consolidated statements to be audited
      and
      accompanied by (i)
      a
      report and opinion of Ernst & Young LLP or another Registered Public
      Accounting Firm of nationally recognized standing reasonably acceptable to
      the
      Required Lenders, which report and opinion shall
      be
      prepared in accordance with generally accepted auditing standards and applicable
      Securities Laws and shall not be subject to any "going concern" or like
      qualification or exception or any qualification or exception as to the scope
      of
      such audit or with respect to the absence of any material misstatement and
      (ii) an opinion of such Registered Public Accounting Firm independently
      assessing the Borrower’s internal controls over financial reporting in
      accordance with Item 308 of SEC Regulation S-K, PCAOB Auditing Standard No.
      2,
      and Section 404 of Sarbanes-Oxley expressing a conclusion that contains no
      statement that there is a material weakness in such internal controls, except
      for such material weaknesses that have been (x) disclosed to the Administrative
      Agent (it being understood that the Borrower’s filing with the SEC of a notice
      of such material weakness shall be deemed disclosure to the Administrative
      Agent), who in turn discloses such material weaknesses to the Lenders, and
      (y)
      remedied or otherwise diligently addressed (or in the process of being
      diligently addressed) by the Borrower in accordance with recommendations made
      by
      the Borrower's external auditors in consultation with the Borrower.

    

    (b) Quarterly
      Financial Statements.
      Beginning with the fiscal quarter ending May 6, 2006, as soon as available,
      and
      in any event within the earlier of (i) the 50th
      day
      after the end of each of the first three fiscal quarters of each fiscal year
      of
      the Borrower and (ii) the day that is five (5) Business Days after the date
      the
      Borrower's quarterly report on Form 10-Q is required to be filed with the SEC,
      as of the end of such fiscal quarter, together with a related condensed
      consolidated balance sheet, a condensed consolidated statement of income and
      a
      condensed consolidated statement of cash flows of the Borrower and its
      Subsidiaries for such fiscal quarter, in each case setting forth in comparative
      form consolidated figures for the corresponding period of the preceding fiscal
      year, except for the condensed consolidated balance sheet that will be presented
      in comparative form to the Borrower’s most recent audited consolidated balance
      sheet, all such financial information described above to be in reasonable form
      and detail and reasonably acceptable to the Administrative Agent, and
      accompanied by a certificate of a Financial Officer of the Borrower to the
      effect that such quarterly financial statements fairly present in all material
      respects the financial condition of the Borrower and its Subsidiaries and have
      been prepared in accordance with GAAP, subject to changes resulting from audit
      and normal year-end audit adjustments.

    

    
      
         

      

      
        46

        
          

        

      

      
         

      

    

    (c) Officer’s
      Certificate.
      At the
      time of delivery of the financial statements provided for in Sections 6.1(a)
      and
      6.1(b) above, a certificate of a Financial Officer of the Borrower substantially
      in the form of Schedule
      6.1(c),
      (i)
      demonstrating compliance with the financial covenants contained in Sections
      6.10
      and 6.11 by calculation thereof as of the end of each such fiscal period, (ii)
      stating that no Default or Event of Default exists, or if any Default or Event
      of Default does exist, specifying the nature and extent thereof and what action
      the Borrower proposes to take with respect thereto and (iii) certifying as
      to
      the Borrower's current senior unsecured (non-credit enhanced) long term debt
      rating from S&P and/or Moody's.

    

    (d) Reports.
      Promptly upon transmission or receipt thereof, (a) copies of any filings on
      Forms 8-K, 10-Q or 10-K and any other material filings or registrations with
      the
      SEC, or any successor agency, and copies of all financial statements, proxy
      statements, material notices and material reports as the Borrower or any of
      its
      Subsidiaries shall send to its shareholders or to a holder of any Indebtedness
      owed by the Borrower or any of its Subsidiaries in its capacity as such a holder
      and (b) upon the request of the Administrative Agent, all reports and written
      information to and from the United States Environmental Protection Agency,
      or
      any state or local agency responsible for environ-mental matters, the United
      States Occupational Health and Safety Administration, or any state or local
      agency respon-sible for health and safety matters, or any successor agencies
      or
      authorities concerning environmental, health or safety matters.

    

    (e) Notices.
      The
      Borrower will give written notice to the Administrative Agent (a) immediately
      upon obtaining knowledge thereof, of the occurrence of an event or condition
      consisting of a Default or Event of Default, specifying the nature and existence
      thereof and what action the Borrower proposes to take with respect thereto,
      (b)
      upon the occurrence of any of the following with respect to the Borrower or
      any
      of its Subsidiaries: (i) promptly upon the Borrower’s determination thereof, the
      pendency or commencement of any litigation, arbitral or governmental proceeding
      against such Person which is reasonably likely to have a Material Adverse
      Effect, (ii) promptly upon the Borrower’s determination thereof, the institution
      of any proceedings against such Person with respect to, or the receipt of notice
      by such Person of potential liability or responsibility for violation, or
      alleged violation of any federal, state or local law, rule or regulation,
      including but not limited to, Environmental Laws, the violation of which would
      likely have a Material Adverse Effect, or (iii) immediately upon obtaining
      knowledge thereof, of any notice or determination concerning the imposition
      of
      any withdrawal liability by a Multiemployer Plan against such Person or any
      ERISA Affiliate, the determination that a Multiemployer Plan is, or is expected
      to be, in reorganization within the meaning of Title IV of ERISA or the
      termination of any Plan, (c) immediately upon obtaining knowledge thereof,
      of
      any change in accounting policies or financial reporting practices by the
      Borrower or any Subsidiary that the Borrower’s external auditors consider to
      have a material impact on the consolidated financial statements of the Borrower
      and its Subsidiary, and (d) immediately upon obtaining knowledge thereof, of
      the
      determination by the Registered Public Accounting Firm providing the opinion
      required under Section 6.1(a)(ii) (in connection with its preparation of such
      opinion) or the Borrower's determination at any time of the occurrence or
      existence of any Internal Control Event. 

    

    
      
         

      

      
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    (f) ERISA.
      Upon
      obtaining knowledge thereof, the Borrower will give written notice to the
      Administrative Agent promptly (and in any event within five business days)
      of:
      (i) of any event or condition, including, but not limited to, any Reportable
      Event, that constitutes, or might reasonably lead to, an ERISA Event; (ii)
      with
      respect to any Multiemployer Plan, the receipt of notice as prescribed in ERISA
      or otherwise of any withdrawal liability assessed against the Borrower or any
      of
      its ERISA Affiliates, or of a determination that any Multiemployer Plan is
      in
      reorganization or insolvent (both within the meaning of Title IV of ERISA);
      (iii) the failure to make full payment on or before the due date (including
      extensions) thereof of all amounts which the Borrower, any of the Subsidiaries
      of the Borrower or any ERISA Affiliate is required to contribute to each Plan
      pursuant to its terms and as required to meet the minimum funding standard
      set
      forth in ERISA and the Code with respect thereto; or (iv) any change in the
      funding status of any Plan that reasonably could be expected to have a Material
      Adverse Effect, together with a description of any such event or condition
      or a
      copy of any such notice and a statement by a Financial Officer of the Borrower
      briefly setting forth the details regarding such event, condition, or notice,
      and the action, if any, which has been or is being taken or is proposed to
      be
      taken by the Borrower with respect thereto. Promptly upon request, the Borrower
      shall furnish the Administrative Agent and the Lenders with such additional
      information concerning any Plan as may be reasonably requested, including,
      but
      not limited to, copies of each annual report/return (Form 5500 series), as
      well
      as all schedules and attachments thereto required to be filed with the
      Department of Labor and/or the Internal Revenue Service pursuant to ERISA and
      the Code, respectively, for each "plan year" (within the meaning of Section
      3(39) of ERISA).

    

    (g) Change
      of Control; Reorganization. Upon
      obtaining knowledge thereof, the Borrower will promptly provide the
      Administrative Agent and the Lenders with (i) written notice of any actual
      or
      expected Change of Control or Reorganization, (ii) the
      circumstances and relevant facts regarding such Change of Control or
      Reorganization (including the information with respect to pro forma historical
      income, cash flow and capitalization, each after giving effect to such Change
      of
      Control or Reorganization, as the case may be), and
      (iii)
such
      additional information and documents regarding such Change
      of
      Control or
      Reorganization as
      may be
      reasonably requested by the Administrative Agent and/or any Lender.

    

    (h) Debt
      Rating.
      No
      later
      than five (5) days after a Financial Officer obtains knowledge of any such
      issuance of change, give notice to the Administrative Agent (by telephone,
      followed promptly by written notice transmitted by facsimile with a hard copy
      sent promptly thereafter) of any issuance of change (either expressly or
      pursuant to a letter from S&P or Moody’s stating an "implied" rating), in
      rating by S&P or Moody’s in respect of the Borrower’s non-credit enhanced
      senior long-term debt (secured or unsecured), together with details
      thereof.

    

    (i) Other
      Information.
      With
      reasonable promptness upon any such request, such other information regarding
      the business, properties or financial condition of the Borrower or any of its
      Subsidiaries as the Administrative Agent or the Required Lenders may reasonably
      request.

    

    
      
         

      

      
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    Documents
      required to be delivered pursuant to Section 6.1(a), (b) or (d) (to
      the extent any such documents are included in materials otherwise filed with
      the
SEC)
      may be
      delivered electronically and if so delivered, shall be deemed to have been
      delivered on the date (i) on which the Borrower posts such documents, or
      provides a link thereto on the Borrower’s website on the Internet at the website
      address listed in Section 10.1; or (ii) on which such documents are
      posted on the Borrower’s behalf on an Internet or intranet website, if any, to
      which each Lender and the Administrative Agent have access (whether a
      commercial, third-party website or whether sponsored by the Administrative
      Agent); provided
      that:
      (i) the Borrower shall deliver paper copies of all officer’s certificates
      delivered pursuant to Section 6.1(c) to the Administrative Agent or any Lender
      that requests the Borrower to deliver such paper copies until a written request
      to cease delivering paper copies is given by the Administrative Agent or such
      Lender and (ii) the Borrower shall notify the Administrative Agent (by
      telecopier, electronic mail or automatic electronic notification via the
      Borrower’s website) of the posting of any documents required to be delivered
      pursuant to Section 6.1(a), (b) or (d). Notwithstanding anything
      contained herein, in every instance the Borrower shall be required to provide
      paper copies of the officer's certificate required by Section 6.1(c) to the
      Administrative Agent. Except for such officer's certificates required by
      Section 6.1(c), the Administrative Agent shall have no obligation to
      request the delivery or to maintain copies of the documents referred to above,
      and in any event shall have no responsibility to monitor compliance by the
      Borrower with any such request for delivery, and each Lender shall be solely
      responsible for requesting delivery to it or maintaining its copies of such
      documents.

    

    The
      Borrower hereby acknowledges that (a) the Administrative Agent and/or the
      Arrangers will make available to the Lenders materials and/or information
      provided by or on behalf of the Borrower hereunder (collectively, "Borrower
      Materials")
      by
      posting the Borrower Materials on IntraLinks or another similar electronic
      system (the "Platform")
      and
      (b) certain of the Lenders may be "public-side" Lenders (i.e.,
      Lenders
      that do not wish to receive material non-public information with respect to
      the
      Borrower or its securities) (each, a "Public
      Lender").
      The
      Borrower hereby agrees that, so long as it is the issuer of any outstanding
      debt
      or equity securities that are registered or issued pursuant to a private
      offering or is actively contemplating issuing any such securities, (w) all
      Borrower Materials that are to be made available to Public Lenders shall be
      made
      available by means of the Platform and shall be clearly and conspicuously marked
      "PUBLIC" which, at a minimum, shall mean that the word "PUBLIC" shall appear
      prominently on the first page thereof; (x) by marking Borrower Materials
      "PUBLIC," the Borrower shall be deemed to have authorized the Administrative
      Agent, the Arrangers and the Lenders to treat such Borrower Materials as not
      containing any material non-public information with respect to the Borrower
      or
      its securities for purposes of United States Federal and state securities
      laws, it being understood that certain of such Borrower Materials may be subject
      to the confidentiality requirements set forth herein and in the other Credit
      Documents; (y) all Borrower Materials marked "PUBLIC" are permitted to be
      made available through a portion of the Platform designated "Public Investor;"
      and (z) the Administrative Agent and the Arranger shall be entitled to
      treat any Borrower Materials that are not marked "PUBLIC" as being suitable
      only
      for posting on a portion of the Platform not designated "Public Investor".
      Notwithstanding the foregoing, the Borrower shall be under no obligation to
      mark
      any Borrower Materials "Public".

    

    
      
         

      

      
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    6.2 Preservation
      of Existence and Franchises.

    

    Except
      as
      would not result in a Material Adverse Effect, the Borrower will, and will
      cause
      each of its Subsidiaries to, do all things necessary to preserve and keep in
      full force and effect its existence, rights, franchises and
      authority.

    

    6.3 Books
      and Records.

    

    The
      Borrower will, and will cause each of its Subsidiaries to, keep complete and
      accurate books and records of its transactions in accordance with good
      accounting practices on the basis of GAAP (including the establishment and
      maintenance of appropriate reserves). 

    

    6.4 Compliance
      with Law.

    

    The
      Borrower will, and will cause each of its Subsidiaries to, comply with all
      laws,
      rules, regulations and orders, and all applicable restrictions imposed by all
      Governmental Authorities, applicable to it and its property if noncompliance
      with any such law, rule, regulation, order or restriction would have a Material
      Adverse Effect.

    

    6.5 Payment
      of Taxes and Other Indebtedness.

    

    Except
      as
      otherwise provided pursuant to the terms of the definition of "Permitted Liens"
      set forth in Section 1.1, the Borrower will, and will cause each of its
      Subsidiaries to, pay and discharge (a) all taxes, assessments and governmental
      charges or levies imposed upon it, or upon its income or profits, or upon any
      of
      its properties, before they shall become delinquent, (b) all lawful claims
      (including claims for labor, materials and supplies) which, if unpaid, might
      give rise to a Lien upon any of its properties, and (c) except as prohibited
      hereunder, all of its other Indebtedness as it shall become due.

    

    6.6 Insurance.

    

    The
      Borrower will, and will cause each of its Subsidiaries to, at all times maintain
      in full force and effect insurance, which may include self insurance, in such
      amounts and covering such risks as is consistent with sound business practices
      and similarly situated corporations.

    

    6.7 Maintenance
      of Property.

    

    The
      Borrower will, and will cause each of its Subsidiaries to, maintain and preserve
      its properties and equipment material to the conduct of its business in good
      repair, working order and condition, normal wear and tear and casualty and
      condemnation excepted, and will make, or cause to be made, in such properties
      and equipment from time to time all repairs, renewals, replacements, extensions,
      additions, betterments and improvements thereto as may be needed or proper,
      to
      the extent and in the manner customary for companies in similar
      businesses.

    

    
      
         

      

      
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    6.8 Use
      of Proceeds.

    

    The
      Borrower will use the proceeds of the Loans solely for the purposes set forth
      in
      Section 5.13.

    

    6.9 Audits/Inspections.

    

    Upon
      reasonable notice and during normal business hours, the Borrower will, and
      will
      cause each of its Subsidiaries to, permit representatives appointed by the
      Administrative Agent, including, without limitation, independent accountants,
      agents, attorneys, and appraisers to visit and inspect its property, including
      its books and records, its accounts receivable and inventory, its facilities
      and
      its other business assets, and to make photocopies or photographs thereof and
      to
      write down and record any information such representative obtains and shall
      permit the Administrative Agent or its representatives to investigate and verify
      the accuracy of information provided to the Lenders and to discuss all such
      matters with the officers, employees and representatives of such
      Person.

    

    6.10 Adjusted
      Debt to EBITDAR Ratio.

    

    The
      Borrower shall cause the ratio of Consolidated Adjusted Debt to Consolidated
      EBITDAR as of the last day of each fiscal quarter to be no greater than 3.00
      to
      1.00. 

    

    6.11 Interest
      Coverage Ratio.

    

    The
      Borrower shall cause the Consolidated Interest Coverage Ratio as of the last
      day
      of each fiscal quarter to be no less than 2.50 to 1.0.

    

    

    SECTION
      7

    

    NEGATIVE
      COVENANTS

    

    The
      Borrower hereby covenants and agrees that, so long as this Credit Agreement
      is
      in effect or any amounts payable hereunder or under any other Credit Document
      shall remain outstanding, and until all of the Commitments hereunder shall
      have
      terminated:

    

    7.1 Liens.

    

    The
      Borrower will not, nor will it permit any of its Subsidiaries to, contract,
      create, incur, assume or permit to exist any Lien with respect to any of their
      Property, whether now owned or after acquired, except for Permitted
      Liens.

    

    7.2 Nature
      of Business.

    

    The
      Borrower will not, nor will it permit any of its Subsidiaries to, substantively
      alter the character or conduct of the business conducted by any such Person
      as
      of the Closing Date.

    

    
      
         

      

      
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    7.3 Consolidation,
      Merger, Sale or Purchase of Assets, etc.

    

    The
      Borrower will not, nor will it permit any of its Subsidiaries to:

    

    (a) except
      in
      connection with a disposition of assets permitted by the terms of subsection
      (c)
      below, dissolve, liquidate or wind up their affairs;

    

    (b) enter
      into any transaction of merger or consolidation; provided,
      however,
      that,
      so long as no Default or Event of Default would be directly or indirectly caused
      as a result thereof, (i) the Borrower may merge or consolidate with any of
      its
      Subsidiaries provided that the Borrower is the surviving corporation; (ii)
      any
      Subsidiary of the Borrower may merge or consolidate with any other Subsidiary
      of
      the Borrower; (iii) the Borrower or any of its Subsidiaries may merge or
      consolidate with any Person (other than the Borrower or any of its Subsidiaries)
      provided that (A) the Borrower or a Subsidiary of the Borrower is the surviving
      corporation and (B) after giving effect on a pro forma basis to such merger
      or
      consolidation, no Default or Event of Default would exist hereunder; and (iv)
      the Borrower may consummate the Reorganization pursuant to and in accordance
      with the provisions of the last paragraph of this Section 7.3.

    

    (c) sell,
      lease, transfer or otherwise dispose of Property owned by and material to the
      Borrower and its Subsidiaries, taken as a whole (other than (i) any such sale,
      lease, transfer or other disposition by a Subsidiary of the Borrower to the
      Borrower or any other Subsidiary of the Borrower), provided,
      however,
      for the
      purposes of this subsection (c), sale-leaseback transactions entered into by
      the
      Borrower or its Subsidiaries shall not be deemed material to the Borrower and
      its Subsidiaries, taken as a whole to the extent the aggregate amount with
      respect to all such transactions entered into after the Closing Date does not
      exceed $500,000,000; and, provided further,
      the
      Borrower may consummate the Reorganization pursuant to and in accordance with
      the last paragraph of this Section
      7.3;
      or

    

    (d) except
      as
      otherwise permitted by Section 7.3(a) or Section 7.3(b), acquire all or any
      portion of the capital stock or securities of any other Person or purchase,
      lease or otherwise acquire (in a single transaction or a series of related
      transactions) all or any substantial part of the Property of any other Person;
      provided
      that (i)
      the Borrower or any of its Subsidiaries shall be permitted to make acquisitions
      of the type referred to in this Section 7.3(d), so long as such acquisitions
      are
      non-hostile and (ii) after giving effect on a pro forma basis to any such
      acquisition (including but not limited to any Indebtedness to be incurred or
      assumed by the Borrower or any of its Subsidiaries in connection therewith),
      no
      Default or Event of Default would exist hereunder.

    

    
      
         

      

      
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    Notwithstanding
      the foregoing, but subject to the following provisions of this paragraph, the
      Borrower
      will be permitted to effect an internal reorganization that will result in
      the
      AutoZone parent company changing its state of incorporation from Nevada to
      Delaware and that will be accomplished either by (i) the Borrower merging with
      and into a new wholly-owned Subsidiary of the Borrower, which Subsidiary (x)
      will be incorporated in the state of Delaware and the surviving corporation
      of
      such merger, (y) shall, as a result of such merger, assume by operation of
      law
      all of the rights and obligations of the Borrower under the Credit Agreement,
      and (z) shall, immediately after the consummation of such merger, have
      management and controlling ownership substantially similar to that of the
      Borrower immediately prior to the consummation of such merger or (ii) the
      Borrower becoming a wholly-owned Subsidiary of a new holding company
      incorporated in the State of Delaware, the outstanding capital stock of which
      holding company will be owned by the current shareholders of the Borrower
      (either such transaction, the "Reorganization").
      The
      Lenders hereby agree that the Borrower shall be permitted to consummate the
      Reorganization so long as (i) the consummation of the Reorganization shall
      not
      result in a material and adverse impact to the interests of the Administrative
      Agent and/or the Lenders under the Credit Agreement and the Notes, and (ii)
      after giving effect to the Reorganization, (A) the Borrower become a
      wholly-owned subsidiary of a corporation organized in the State of Delaware
      and
      (B) that the management and controlling ownership of such parent corporation
      immediately after the consummation of the Reorganization be substantially
      similar to that of the Borrower immediately prior to the consummation of the
      Reorganization. The Borrower hereby agrees (i) to provide the Administrative
      Agent and the Lenders with such additional information and documents related
      to
      the Reorganization as may be reasonably requested by the Administrative Agent
      and/or any Lender and (ii) to execute within a reasonable time after
      consummation of the Reorganization (not to exceed sixty (60) days unless
      otherwise agreed by the Administrative Agent) such appropriate amendments,
      corporate authority documents and other supporting documents to or under the
      Credit Agreement evidencing any changes made necessary by the consummation
      of
      the Reorganization (including, without limitation, (x)
      in
      the event the Borrower merges with and into a new wholly-owned Subsidiary of
      the
      Borrower, a legal opinion of Borrower’s counsel, in form and substance
      reasonably acceptable to the Administrative Agent’s legal counsel, addressing
      the enforceability of the Credit Documents with respect to such surviving
      Subsidiary and (y) in the event that the Borrower becomes a wholly-owned
      subsidiary of a new parent holding company incorporated in Delaware, a guaranty
      by such new parent holding company of the Borrower’s obligations under the
      Credit Agreement) and such other changes as may be mutually agreed to by the
      Borrower (or its successor, if applicable) and the parties hereto, each in
      form
      and substance reasonably acceptable to the Borrower (or its successor, if
      applicable), the Administrative Agent and the Required Lenders. The Borrower
      acknowledges that the agreement of the Lenders evidenced in this paragraph
      is
      given in reliance upon the foregoing conditions and agreements and shall be
      deemed revoked if any such condition or agreement is breached.

    

    7.4 Fiscal
      Year.

    

    The
      Borrower will not, nor will it permit any of its Subsidiaries to, change its
      fiscal year without first obtaining the written consent of the Required Lenders
      (such consent not to be unreasonably withheld).

    

    7.5 Subsidiary
      Indebtedness.

    

    The
      Borrower will not permit any of its Subsidiaries to contract, create, incur,
      assume or permit to exist any Indebtedness, except:

    

    (a) Indebtedness
      set forth on Schedule
      7.5
      (and any
      renewals, refinancings or extensions thereof on terms and conditions no more
      favorable, in the aggregate, to such creditor than such existing Indebtedness
      and in a principal amount not in excess of that outstanding as of the date
      of
      such renewal, refinancing or extension);

    

    
      
         

      

      
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    (b) intercompany
      Indebtedness owed by a Subsidiary of the Borrower to the Borrower or to another
      wholly-owned Subsidiary of the Borrower; 

    

    (c) Indebtedness
      of the Subsidiaries incurred after the Closing Date to provide all or a portion
      of the purchase price of short-lived assets (such as trucks and computer
      equipment) which may be treated as Capital Leases in accordance with GAAP in
      an
      aggregate amount not to exceed $100,000,000 in
      any
      fiscal year; 

    

    (d) Indebtedness
      of the Subsidiaries incurred in connection with synthetic leases, tax retention
      operating leases, off-balance sheet loans or similar off-balance sheet
      financings in an aggregate amount not to exceed $150,000,000 in
      any
      two consecutive fiscal years; 

    

    (e) Indebtedness
      of the Mexican Subsidiaries in an aggregate principal amount for all Mexican
      Subsidiaries not to exceed $150,000,000 at
      any
      time outstanding; and

    

    (f) other
      Indebtedness in an aggregate principal amount not to exceed
      $25,000,000 at
      any
      time outstanding.

    

    

    SECTION
      8

    

    EVENTS
      OF DEFAULT

    

    8.1 Events
      of Default.

    

    An
      Event
      of Default shall exist upon the occurrence of any of the following specified
      events (each an "Event
      of Default"):

    

    (a) Payment.
      The
      Borrower shall 

    

    (i) default
      in the payment when due of any principal of any of the Loans, or 

    

    (ii) default,
      and such default shall continue for five (5) or more Business Days, in the
      payment when due of any interest on the Loans, or of any Fees or other amounts
      owing hereunder, under any of the other Credit Documents or in connection
      herewith or therewith; or

    

    (b) Representations.
      Any
      representation, warranty or statement made or deemed to be made by the Borrower
      herein, in any of the other Credit Documents, or in any statement or certificate
      delivered or required to be delivered pursuant hereto or thereto shall prove
      untrue in any material respect on the date as of which it was deemed to have
      been made; or

    

    
      
         

      

      
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    (c) Covenants.
      The
      Borrower shall 

    

    (i) default
      in the due performance or observance of any term, covenant or agreement
      contained in Sections 6.2, 6.8, 6.10, 6.11 or 7.1 through 7.3, inclusive, and
      7.5, or 

    

    (ii) default
      in the due performance of any term, covenant or agreement contained in Section
      6.1 and such default shall continue unremedied for a period of at least 5 days
      after the earlier of a responsible officer of the Borrower becoming aware of
      such default or notice thereof by the Administrative Agent.

    

    (iii) default
      in the due performance or observance by it of any term, covenant or agreement
      (other than those referred to in subsections (a), (b), (c)(i) or (c)(ii) of
      this
      Section 8.1) contained in this Credit Agreement and such default shall continue
      unremedied for a period of at least 30 days after the earlier of a responsible
      officer of the Borrower becoming aware of such default or notice thereof by
      the
      Administrative Agent; or 

    

    (d) Bankruptcy,
      etc.
      Any
      Bankruptcy Event shall occur with respect to the Borrower or any of its
      Subsidiaries; or

    

    (e) Other
      Indebtedness.
      With
      respect to any Indebtedness (other than Indebtedness outstanding under this
      Credit Agreement or owing to the Borrower or any of its Subsidiaries) in excess
      of $35,000,000 in
      the
      aggregate for the Borrower and its Subsidiaries taken as a whole, (i) the
      Borrower or any of its Subsidiaries shall (A) default in any payment (beyond
      the
      applicable grace period with respect thereto, if any) with respect to any such
      Indebtedness, or (B) default in the observance or performance relating to such
      Indebtedness or contained in any instrument or agreement evidencing, securing
      or
      relating thereto, or any other event or condition shall occur or condition
      exist, the effect of which default or other event or condition is to cause,
      or
      permit, the holder or holders of such Indebtedness (or trustee or agent on
      behalf of such holders) to cause, any such Indebtedness to become due prior
      to
      the applicable maturity date, but after the expiration of all applicable grace
      periods, and such Indebtedness shall not be repaid when due; or (ii) any such
      Indebtedness shall be declared due and payable, or required to be prepaid other
      than by a regularly scheduled required prepayment, prior to the stated maturity
      thereof and shall not be repaid when due; or

    

    (f) Judgments.
      One or
      more judgments or decrees shall be entered against the Borrower or any of its
      Subsidiaries involving a liability of $25,000,000 or
      more
      in the aggregate (to the extent not paid or covered by insurance) and any such
      judgments or decrees shall not have been vacated, discharged or stayed or bonded
      pending appeal within 30 days from the entry thereof, or if longer, within
      the
      applicable appeal period (but in no event for more than 90 days from the entry
      thereof); or 

    

    
      
         

      

      
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    (g) ERISA.
      Any of
      the following events or conditions, if such event or condition reasonably could
      be expected to have a Material Adverse Effect: (1) any "accumulated funding
      deficiency," as such term is defined in Section 302 of ERISA and Section 412
      of
      the Code, whether or not waived, shall exist with respect to any Plan, or any
      lien shall arise on the assets of the Borrower, any Subsidiary of the Borrower
      or any ERISA Affiliate in favor of the PBGC or a Plan; (2) an ERISA Event shall
      occur with respect to a Single Employer Plan, which is, in the reasonable
      opinion of the Administrative Agent, likely to result in the termination of
      such
      Plan for purposes of Title IV of ERISA; (3) an ERISA Event shall occur with
      respect to a Multiemployer Plan or Multiple Employer Plan, which is, in the
      reasonable opinion of the Administrative Agent, likely to result in (i) the
      termination of such Plan for purposes of Title IV of ERISA, or (ii) the
      Borrower, any Subsidiary of the Borrower or any ERISA Affiliate incurring any
      liability in connection with a withdrawal from, reorganization of (within the
      meaning of Section 4241 of ERISA), or insolvency or (within the meaning of
      Section 4245 of ERISA) such Plan; or (4) any prohibited transaction (within
      the
      meaning of Section 406 of ERISA or Section 4975 of the Code) or breach of
      fiduciary responsibility shall occur which may subject the Borrower, any
      Subsidiary of the Borrower or any ERISA Affiliate to any liability under
      Sections 406, 409, 502(i), or 502(l) of ERISA or Section 4975 of the Code,
      or
      under any agreement or other instrument pursuant to which the Borrower, any
      Subsidiary of the Borrower or any ERISA Affiliate has agreed or is required
      to
      indemnify any person against any such liability.

    

    8.2 Acceleration;
      Remedies.

    

    Upon
      the
      occurrence of an Event of Default, and at any time thereafter unless and until
      such Event of Default has been waived by the Required Lenders or cured to the
      satisfaction of the Required Lenders (pursuant to the voting procedures in
      Section 10.6), the Administrative Agent shall, upon the request and direction
      of
      the Required Lenders, by written notice to the Borrower take any of the
      following actions:

    

    (a) Termination
      of Commitments.
      Declare
      the Commitments terminated whereupon the Commitments shall be immediately
      terminated.

    

    (b) Acceleration.
      Declare
      the unpaid principal of and any accrued interest in respect of all Loans and
      any
      and all other indebtedness or obligations of any and every kind owing by the
      Borrower to the Administrative Agent and/or any of the Lenders hereunder to
      be
      due whereupon the same shall be immediately due and payable without presentment,
      demand, protest or other notice of any kind, all of which are hereby waived
      by
      the Borrower.

    

    (c) Enforcement
      of Rights.
      Enforce
      any and all rights and interests created and existing under the Credit Documents
      and all rights of set-off.

    

    Notwithstanding
      the foregoing, if an Event of Default specified in Section 8.1(d) shall occur,
      then the Commitments shall automatically terminate and all Loans, all accrued
      interest in respect thereof, all accrued and unpaid Fees and other indebtedness
      or obligations owing to the Administrative Agent and/or any of the Lenders
      hereunder in respect thereof automatically shall immediately become due and
      payable without the giving of any notice or other action by the Administrative
      Agent or the Lenders.

    

    
      
         

      

      
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    SECTION
      9

    

    AGENCY
      PROVISIONS

    

    9.1 Appointment
      and Authority.

    

    Each
      Lender hereby designates and appoints Bank of America as administrative agent
      (in such capacity as Administrative Agent hereunder, the "Administrative Agent")
      of such Lender to act as specified herein and the other Credit Documents, and
      each such Lender hereby authorizes the Administrative Agent as the agent for
      such Lender, to take such action on its behalf under the provisions of this
      Credit Agreement and the other Credit Documents and to exercise such powers
      and
      perform such duties as are expressly delegated by the terms hereof and of the
      other Credit Documents, together with such other powers as are reasonably
      incidental thereto. Notwithstanding any provision to the contrary elsewhere
      herein and in the other Credit Documents, the Administrative Agent shall not
      have any duties or responsibilities, except those expressly set forth herein
      and
      therein, or any fiduciary relationship with any Lender, and no implied
      covenants, functions, responsibilities, duties, obligations or liabilities
      shall
      be read into this Credit Agreement or any of the other Credit Documents, or
      shall otherwise exist against the Administrative Agent. The provisions of this
      Section are solely for the benefit of the Administrative Agent and the Lenders
      and the Borrower shall have no rights as a third party beneficiary of the
      provisions hereof. In performing its functions and duties under this Credit
      Agreement and the other Credit Documents, the Administrative Agent shall act
      solely as agent of the Lenders and does not assume and shall not be deemed
      to
      have assumed any obligation or relationship of agency or trust with or for
      the
      Borrower or any of its Affiliates.

    

    9.2 Delegation
      of Duties.

    

    The
      Administrative Agent may execute any of its respective duties hereunder or
      under
      the other Credit Documents by or through agents or attorneys-in-fact and shall
      be entitled to advice of counsel concerning all matters pertaining to such
      duties; provided
      that the
      use of any agents or attorneys-in-fact shall not relieve the Administrative
      Agent of its duties hereunder. 

    

    9.3 Exculpatory
      Provisions.

    

    The
      Administrative Agent and its officers, directors, employees, agents,
      attorneys-in-fact or affiliates shall not be (a) liable for any action lawfully
      taken or omitted to be taken by it or such Person under or in connection
      herewith or in connection with any of the other Credit Documents (except for
      its
      or such Person’s own gross negligence or willful misconduct), or (b) responsible
      in any manner to any of the Lenders for any recitals, statements,
      representations or warranties made by the Borrower contained herein or in any
      of
      the other Credit Documents or in any certificate, report, document, financial
      statement or other written or oral statement referred to or provided for in,
      or
      received by the Administrative Agent under or in connection herewith or in
      connection with the other Credit Documents, or enforceability or sufficiency
      therefor of any of the other Credit Documents, or for any failure of the
      Borrower to perform its obligations hereunder or thereunder. The Administrative
      Agent shall not be responsible to any Lender for the effectiveness, genuineness,
      validity, enforceability, collectibility or sufficiency of this Credit
      Agreement, or any of the other Credit Documents or for any representations,
      warranties, recitals or statements made herein or therein or made by the
      Borrower in any written or oral statement or in any financial or other
      statements, instruments, reports, certificates or any other documents in
      connection herewith or therewith furnished or made by the Administrative Agent
      to the Lenders or by or on behalf of the Borrower to the Administrative Agent
      or
      any Lender or be required to ascertain or inquire as to the performance or
      observance of any of the terms, conditions, provisions, covenants or agreements
      contained herein or therein or as to the use of the proceeds of the Loans or
      of
      the existence or possible existence of any Default or Event of Default or to
      inspect the properties, books or records of the Borrower or any of its
      Affiliates.

    

    
      
         

      

      
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    9.4 Reliance
      on Communications.

    

    The
      Administrative Agent shall be entitled to rely, and shall be fully protected
      in
      relying, upon any note, writing, resolution, notice, consent, certificate,
      affidavit, letter, cablegram, telegram, telecopy, facsimile, telex or teletype
      message, statement, order or other document or conversation reasonably believed
      by it to be genuine and correct and to have been signed, sent or made by the
      proper Person or Persons and upon advice and statements of legal counsel
      (including, without limitation, counsel to the Borrower, independent accountants
      and other experts selected by the Administrative Agent with reasonable care).
      The Administrative Agent may deem and treat the Lenders as the owner of their
      respective interests hereunder for all purposes unless a written notice of
      assignment, negotiation or transfer thereof shall have been filed with the
      Administrative Agent in accordance with Section 10.3(b) hereof. The
      Administrative Agent shall be fully justified in failing or refusing to take
      any
      action under this Credit Agreement or under any of the other Credit Documents
      unless it shall first receive such advice or concurrence of the Required Lenders
      as it deems appropriate or it shall first be indemnified to its satisfaction
      by
      the Lenders against any and all liability and expense which may be incurred
      by
      it by reason of taking or continuing to take any such action. The Administrative
      Agent shall in all cases be fully protected in acting, or in refraining from
      acting, hereunder or under any of the other Credit Documents in accordance
      with
      a request of the Required Lenders (or to the extent specifically provided in
      Section 10.6, all the Lenders) and such request and any action taken or failure
      to act pursuant thereto shall be binding upon all the Lenders (including their
      successors and assigns).

    

    9.5 Notice
      of Default.

    

    The
      Administrative Agent shall not be deemed to have knowledge or notice of the
      occurrence of any Default or Event of Default hereunder unless the
      Administrative Agent has received notice from a Lender or the Borrower referring
      to the Credit Document, describing such Default or Event of Default and stating
      that such notice is a "notice of default." In the event that the Administrative
      Agent receives such a notice, the Administrative Agent shall give prompt notice
      thereof to the Lenders. The Administrative Agent shall take such action with
      respect to such Default or Event of Default as shall be reasonably directed
      by
      the Required Lenders.

    

    
      
         

      

      
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    9.6 Non-Reliance
      on Administrative Agent and Other Lenders.

    

    Each
      Lender expressly acknowledges that each of the Administrative Agent and its
      officers, directors, employees, agents, attorneys-in-fact or affiliates has
      not
      made any representations or warranties to it and that no act by the
      Administrative Agent or any affiliate thereof hereinafter taken, including
      any
      review of the affairs of the Borrower or any of its Affiliates, shall be deemed
      to constitute any representation or warranty by the Administrative Agent to
      any
      Lender. Each Lender represents to the Administrative Agent that it has,
      independently and without reliance upon the Administrative Agent or any other
      Lender, and based on such documents and information as it has deemed
      appropriate, made its own appraisal of and investigation into the business,
      assets, operations, property, financial and other conditions, prospects and
      creditworthiness of the Borrower or its Affiliates and made its own decision
      to
      make its Loans hereunder and enter into this Credit Agreement. Each Lender
      also
      represents that it will, independently and without reliance upon the
      Administrative Agent or any other Lender, and based on such documents and
      information as it shall deem appropriate at the time, continue to make its
      own
      credit analysis, appraisals and decisions in taking or not taking action under
      this Credit Agreement, and to make such investigation as it deems necessary
      to
      inform itself as to the business, assets, operations, property, financial and
      other conditions, prospects and creditworthiness of the Borrower and its
      Affiliates. Except for notices, reports and other documents expressly required
      to be furnished to the Lenders by the Administrative Agent hereunder, the
      Administrative Agent shall not have any duty or responsibility to provide any
      Lender with any credit or other information concerning the business, operations,
      assets, property, financial or other conditions, prospects or creditworthiness
      of the Borrower or any of its Affiliates which may come into the possession
      of
      the Administrative Agent or any of its officers, directors, employees, agents,
      attorneys-in-fact or affiliates. 

    

    
      
         

      

      
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    9.7 Indemnification.

    

    The
      Lenders agree to indemnify the Administrative Agent in its capacity as such
      (to
      the extent not reimbursed by the Borrower and without limiting the obligation
      of
      the Borrower to do so), ratably according to their respective Commitments (or
      if
      the Commitments have expired or been terminated, in accordance with the
      respective principal amounts of outstanding Loans and Participation Interests
      of
      the Lenders), from and against any and all liabilities, obligations, losses,
      damages, penalties, actions, judgments, suits, costs, expenses or disbursements
      of any kind whatsoever which may at any time (including without limitation
      at
      any time following the final payment of all of the obligations of the Borrower
      hereunder and under the other Credit Documents) be imposed on, incurred by
      or
      asserted against the Administrative Agent in its capacity as such in any way
      relating to or arising out of this Credit Agreement or the other Credit
      Documents or any documents contemplated by or referred to herein or therein
      or
      the transactions contemplated hereby or thereby or any action taken or omitted
      by the Administrative Agent under or in connection with any of the foregoing;
      provided
      that no
      Lender shall be liable for the payment of any portion of such liabilities,
      obligations, losses, damages, penalties, actions, judgments, suits, costs,
      expenses or disbursements resulting from the gross negligence or willful
      misconduct of the Administrative Agent. If any indemnity furnished to the
      Administrative Agent for any purpose shall, in the opinion of the Administrative
      Agent, be insufficient or become impaired, the Administrative Agent may call
      for
      additional indemnity and cease, or not commence, to do the acts indemnified
      against until such additional indemnity is furnished. The agreements in this
      Section shall survive the repayment of the Loans and other obligations under
      the
      Credit Documents and the termination of the Commitments hereunder.

    

    9.8 Administrative
      Agent in its Individual Capacity.

    

    Bank
      of
      America
      and its
      Affiliates may make loans to, issue letters of credit for the account of, accept
      deposits from, acquire equity interests in and generally engage in any kind
      of
      banking, trust, financial advisory, underwriting or other business with each
      of
      the Borrower and its respective Affiliates as though Bank
      of
      America
      were not
      the Administrative Agent hereunder, as applicable, and without notice to or
      consent of the Lenders. The Lenders acknowledge that, pursuant to such
      activities, Bank
      of
      America
      and its
      Affiliates may receive information regarding the Borrower or its Affiliates
      (including information that may be subject to confidentiality obligations in
      favor of the Borrower or such Affiliate) and acknowledge that the Administrative
      Agent shall be under no obligation to provide such information to them. With
      respect to its Loans, Bank
      of
      America
      shall
      have the same rights and powers under the Credit Agreement as any other Lender
      and may exercise such rights and powers as though it were not the Administrative
      Agent, and the terms "Lender" and "Lenders" include Bank
      of
      America,
      in its
      individual capacity.

    

    
      
         

      

      
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    9.9 Successor
      Administrative Agent.

    

    The
      Administrative Agent may at any time resign upon 20 days' written notice to
      the
      Lenders and the Borrower. Upon receipt of any such notice of resignation, the
      Required Lenders shall have the right, in consultation with the Borrower, to
      appoint a successor, which shall be a bank with an office in the
      United States, or an Affiliate of any such bank with an office in the
      United States; provided that,
      so long
      as no Default or Event of Default has occurred and is continuing, such successor
      Administrative Agent shall be reasonably acceptable to the Borrower.
      If no
      such successor shall have been so appointed by the Required Lenders and shall
      have accepted such appointment within 30 days after the retiring
      Administrative Agent gives notice of its resignation, then the retiring
      Administrative Agent may on behalf of the Lenders, appoint a successor
      Administrative Agent meeting the qualifications set forth above; provided
      that if
      the Administrative Agent shall notify the Borrower and the Lenders that no
      qualifying Person has accepted such appointment, then such resignation shall
      nonetheless become effective in accordance with such notice and (1) the
      retiring Administrative Agent shall be discharged from its duties and
      obligations hereunder and under the other Credit Documents, (2) all
      payments, communications and determinations provided to be made by, to or
      through the Administrative Agent shall instead be made by or to each Lender
      directly, until such time as the Required Lenders appoint a successor
      Administrative Agent as provided for above in this Section and (3) the retiring
      Administrative Agent will provide to the Borrower and the Lenders reasonable
      access to the Register and/or copies of each Lender’s Administrative
      Questionnaire. Upon the acceptance of a successor’s appointment as
      Administrative Agent hereunder, such successor shall succeed to and become
      vested with all of the rights, powers, privileges and duties of the retiring
      (or
      retired) Administrative Agent, and the retiring Administrative Agent shall
      be
      discharged from all of its duties and obligations hereunder or under the other
      Credit Documents (if not already discharged therefrom as provided above in
      this
      Section). The fees payable by the Borrower to a successor Administrative Agent
      shall be the same as those payable to its predecessor unless otherwise agreed
      between the Borrower and such successor. After the retiring Administrative
      Agent’s resignation hereunder and under the other Credit Documents, the
      provisions of this Article and Section 9.7 shall continue in effect for the
      benefit of such retiring Administrative Agent, its sub-agents and their
      respective Related Parties in respect of any actions taken or omitted to be
      taken by any of them while the retiring Administrative Agent was acting as
      Administrative Agent.

    

    9.10 Syndication
      Agent.

    

    The
      Syndication Agent, in its capacity as such, shall have no rights, powers, duties
      or obligations under this Credit Agreement or any of the other Credit
      Documents.

    

    
      
         

      

      
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    SECTION
      10

    

    MISCELLANEOUS

    

    10.1 Notices.

    

    (a) Notices
      Generally.
      Except
      as
      otherwise expressly provided herein, all notices and other communications shall
      have been duly given and shall be effective (i) when delivered, (ii) when
      transmitted and received (by confirmation of receipt) via telecopy (or other
      facsimile device) to the number set out below, (iii) the day on which the same
      has been delivered by a reputable national overnight air courier service to
      the
      addressee, or (iv) the day on which the same is delivered to the addressee
      or
      delivery refused by the addressee by certified or registered mail, postage
      prepaid, in each case to the respective parties at the address, in the case
      of
the
      Borrower or the Administrative Agent, to the address, telecopier number,
      electronic mail address or telephone number specified for such Person on
Schedule 10.1,
      and, in
      the case of the Lenders, set forth on Schedule
      2.1(a),
      or at
      such other address as such party may specify by written notice to the other
      parties hereto.

     

    (b) Electronic
      Communications.
      Notices
      and other communications to the Lenders hereunder may be delivered or furnished
      by electronic communication (including e-mail and Internet or intranet websites)
      pursuant to procedures approved by the Administrative Agent, provided that
      the
      foregoing shall not apply to notices to any Lender pursuant to Section 2 if
      such
      Lender has notified the Administrative Agent that it is incapable of receiving
      notices under such Section by electronic communication. The Administrative
      Agent
      or the Borrower may, in its discretion, agree to accept notices and other
      communications to it hereunder by electronic communications pursuant to
      procedures approved by it, provided that approval of such procedures may be
      limited to particular notices or communications.

    

    Unless
      the Administrative Agent otherwise prescribes, (i) notices and other
      communications sent to an e-mail address shall be deemed received upon the
      sender’s receipt of an acknowledgement from the intended recipient (such as by
      the "return receipt requested" function, as available, return e-mail or other
      written acknowledgement), provided that if such notice or other communication
      is
      not sent during the normal business hours of the recipient, such notice or
      communication shall be deemed to have been sent at the opening of business
      on
      the next business day for the recipient, and (ii) notices or communications
      posted to an Internet or intranet website shall be deemed received upon the
      deemed receipt by the intended recipient at its e-mail address as described
      in
      the foregoing clause (i) of notification that such notice or communication
      is available and identifying the website address therefor.

    

    (c) The
      Platform.
      THE
      PLATFORM IS PROVIDED "AS IS" AND "AS AVAILABLE." THE AGENT PARTIES (AS DEFINED
      BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS
      OR
      THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN
      OR
      OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED
      OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A
      PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM
      VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH
      THE
      BORROWER MATERIALS OR THE PLATFORM. FURTHERMORE, THE BORROWER DOES NOT WARRANT
      THE ADEQUACY OF THE PLATFORM, AND MAKES NO WARRANTY OF ANY KIND, EXPRESS,
      IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR
      A
      PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM
      VIRUSES OR OTHER CODE DEFECTS IN CONNECTION WITH THE PLATFORM. In no event
      shall
      the Administrative Agent or any of its Related Parties (collectively, the "Agent
      Parties") have any liability to the Borrower, any Lender or any other Person
      for
      losses, claims, damages, liabilities or expenses of any kind (whether in tort,
      contract or otherwise) arising out of the Borrower’s or the Administrative
      Agent’s transmission of Borrower Materials through the Internet, except to the
      extent that such losses, claims, damages, liabilities or expenses are determined
      by a court of competent jurisdiction by a final and nonappealable judgment
      to
      have resulted from the gross negligence or willful misconduct of such Agent
      Party; provided, however, that in no event shall any Agent Party have any
      liability to the Borrower, any Lender or any other Person for indirect, special,
      incidental, consequential or punitive damages (as opposed to direct or actual
      damages).

    

    
      
         

      

      
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    (d) Change
      of Address, Etc.
      Each of
      the Borrower and the Administrative Agent may change its address, telecopier
      or
      telephone number for notices and other communications hereunder by notice to
      the
      other parties hereto. Each other Lender may change its address, telecopier
      or
      telephone number for notices and other communications hereunder by notice to
      the
      Borrower and the Administrative Agent. In addition, each Lender agrees to notify
      the Administrative Agent from time to time to ensure that the Administrative
      Agent has on record (i) an effective address, contact name, telephone
      number, telecopier number and electronic mail address to which notices and
      other
      communications may be sent and (ii) accurate wire instructions for such
      Lender.

    

    (e) Reliance
      by Administrative Agent and Lenders.
      The
      Administrative Agent and the Lenders shall be entitled to rely and act upon,
      in
      good faith, any notices (including telephonic Committed Loan Notices)
      purportedly given by or on behalf of the Borrower and reasonably understood
      by
      the Administrative Agent and/or the Lenders, as applicable, to be authentic
      even
      if (i) such notices were not made in a manner specified herein, were
      incomplete or were not preceded or followed by any other form of notice
      specified herein, or (ii) the terms thereof, as understood by the
      recipient, varied from any confirmation thereof. The Borrower shall indemnify
      the Administrative Agent and the Related Parties of each of them from all
      losses, costs, expenses and liabilities resulting from the reliance by such
      Person on each notice purportedly given by or on behalf of the Borrower (but
      excluding any such losses, costs, expenses and liabilities that (x) are
      determined by a court of competent jurisdiction by final and nonappealable
      judgment to have resulted from the gross negligence or willful misconduct of
      the
      Administrative Agent or such Related Party or (y) result from a claim
      brought by the Borrower against the Administrative Agent or such Related Party
      for breach in bad faith of such party’s obligations hereunder or under any other
      Credit Document, if the Borrower has obtained a final and nonappealable judgment
      in its favor on such claim as determined by a court of competent jurisdiction).
      All telephonic notices to and other telephonic communications with the
      Administrative Agent may be recorded by the Administrative Agent, and each
      of
      the parties hereto hereby consents to such recording.

    

    
      
         

      

      
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    10.2 Right
      of Set-Off.

    

    In
      addition to any rights now or hereafter granted under applicable law, and not
      by
      way of limitation of any such rights, upon the occurrence of an Event of
      Default, each Lender is authorized at any time and from time to time, without
      presentment, demand, protest or other notice of any kind (all of which rights
      being hereby expressly waived), to set-off and to appropriate and apply any
      and
      all deposits (general or special) and any other indebtedness at any time held
      or
      owing by such Lender (including, without limitation, branches, agencies or
      Affiliates of such Lender wherever located) to or for the credit or the account
      of the Borrower against obligations and liabilities of such Person to such
      Lender hereunder, under the Notes or the other Credit Documents, irrespective
      of
      whether such Lender shall have made any demand hereunder and although such
      obligations, liabilities or claims, or any of them, may be contingent or
      unmatured, and any such set-off shall be deemed to have been made immediately
      upon the occurrence of an Event of Default even though such charge is made
      or
      entered on the books of such Lender subsequent thereto. Any Person purchasing
      a
      participation in the Loans and Commitments hereunder pursuant to Section 3.13
      or
      Section 10.3(d) may exercise all rights of set-off with respect to its
      participation interest as fully as if such Person were a Lender
      hereunder.

    

    10.3 Successors
      and Assigns. 

    

    (a) Successors
      and Assigns Generally.
      The
      provisions of this Credit Agreement shall be binding upon and inure to the
      benefit of the parties hereto and their respective successors and assigns
      permitted hereby, except that the Borrower may not assign or otherwise transfer
      any of its rights or obligations hereunder without the prior written consent
      of
      the Administrative Agent and each Lender other than in connection with a
      Reorganization permitted by Section 7.3 hereof and no Lender may assign or
      otherwise transfer any of its rights or obligations hereunder except (i) to
      an
      assignee in accordance with the provisions of Section
      10.3(b),
      (ii) by
      way of participation in accordance with the provisions of Section
      10.3(d),
      (iii)
      to an SPV in accordance with the provisions of Section
      10.3(g)
      or (iv)
      by way of a pledge of its Loans hereunder to a Federal Reserve Bank in support
      of borrowings made by such Lender from such Federal Reserve Bank (and any other
      attempted assignment or transfer by any party hereto shall be null and void).
      Nothing in this Credit Agreement, expressed or implied, shall be construed
      to
      confer upon any Person (other than the parties hereto, their respective
      successors and assigns permitted hereby, Participants to the extent provided
      in
      subsection (d) of this Section and, to the extent expressly contemplated hereby,
      the Related Parties of each of the Administrative Agent and the Lenders) any
      legal or equitable right, remedy or claim under or by reason of this Credit
      Agreement.

    

    (b) Assignments
      by Lenders.
      Any
      Lender may at any time assign to one or more assignees all or a portion of
      its
      rights and obligations under this Credit Agreement (including all or a portion
      of its Commitment(s) and the Loans at the time owing to it; provided,
      that
      any such assignment shall be subject to the following conditions:

    

    
      
         

      

      
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    (i) Minimum
      Amounts.

     

    (A) in
      the
      case of an assignment of the entire remaining amount of the assigning Lender’s
      Commitment under any Facility and the Loans at the time owing to it under such
      Facility or in the case of an assignment to a Lender, an Affiliate of a Lender,
      no minimum amount need be assigned; and

    

    (B) in
      any
      case not described in subsection (b)(i)(A) of this Section, the aggregate amount
      of the Commitment (which for this purpose includes Loans outstanding thereunder)
      or, if the Commitment is not then in effect, the principal outstanding balance
      of the Loans of the assigning Lender subject to each such assignment, determined
      as of the date the Assignment and Assumption with respect to such assignment
      is
      delivered to the Administrative Agent or, if "Trade Date" is specified in the
      Assignment and Assumption, as of the Trade Date, shall not be less than
      $5,000,000, in the case of any assignment in respect of the Revolving Credit
      Facility, and in integral multiples of $1,000,000 in excess thereof;
provided,
      however,
      that
      concurrent assignments to members of an Assignee Group and concurrent
      assignments from members of an Assignee Group to a single Eligible Assignee
      (or
      to an Eligible Assignee and members of its Assignee Group) will be treated
      as a
      single assignment for purposes of determining whether such minimum amount has
      been met;

    

    (ii) Proportionate
      Amounts.
      Each
      partial assignment shall be made as an assignment of a proportionate part of
      all
      the assigning Lender’s rights and obligations under this Credit Agreement with
      respect to the Loans or the Commitment assigned, except that this clause (ii)
      shall not prohibit any Lender from assigning all or a portion of its rights
      and
      obligations among separate Facilities on a non-pro rata basis;

    

    (iii) Required
      Consents.
      The
      following consents shall be required for any assignment (subject to the
      applicable limitations set forth below):

    

    (A) the
      consent of the Borrower (such consent not to be unreasonably withheld or
      delayed) shall be required unless an Event of Default has occurred and is
      continuing at the time of such assignment;

    

    (B) the
      consent of the Administrative Agent (such consent not to be unreasonably
      withheld or delayed) shall be required for assignments in respect of any
      Commitment if such assignment is to a Person that is not a Lender with a
      Commitment in respect of the applicable Facility or an Affiliate of such Lender;
      and

    

    (iv) Assignment
      and Assumption.
      The
      parties to each assignment shall execute and deliver to the Administrative
      Agent
      an Assignment and Assumption, together with a processing and recordation fee
      in
      the amount, if any, required as set forth in Schedule
      10.3(b)
      (unless
      waived by the Administrative Agent in its sole discretion); provided,
      however,
      that
      the Administrative Agent may, in its sole discretion, elect to waive such
      processing and recordation fee in the case of any assignment. The assignee,
      if
      it shall not be a Lender, shall deliver to the Administrative Agent an
      Administrative Questionnaire.

    

    
      
         

      

      
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    (v) No
      Assignment to Borrower.
      No such
      assignment shall be made to the Borrower or any of the Borrower’s Affiliates or
      Subsidiaries.

    

    (vi) No
      Assignment to Natural Persons.
      No such
      assignment shall be made to a natural person.

    

    Subject
      to acceptance and recording thereof by the Administrative Agent pursuant to
      subsection (c) of this Section, from and after the effective date specified
      in each Assignment and Assumption, the assignee thereunder shall be a party
      to
      this Credit Agreement and, to the extent of the interest assigned by such
      Assignment and Assumption, have the rights and obligations of a Lender under
      this Credit Agreement, and the assigning Lender thereunder shall, to the extent
      of the interest assigned by such Assignment and Assumption, be released from
      its
      obligations under this Credit Agreement (and, in the case of an Assignment
      and
      Assumption covering all of the assigning Lender’s rights and obligations under
      this Credit Agreement, such Lender shall cease to be a party hereto but shall
      continue to be entitled to the benefits of Sections 3.9, 3.10 and 3.11 with
      respect to facts and circumstances occurring prior to the effective date of
      such
      assignment). Upon request, the Borrower (at its expense) shall execute and
      deliver a Note to the assignee Lender. Any assignment or transfer by a Lender
      of
      rights or obligations under this Credit Agreement that does not comply with
      this
      subsection shall be treated for purposes of this Credit Agreement as a sale
      by
      such Lender of a participation in such rights and obligations in accordance
      with
      Section 10.3(d).

    

    (c) Register.
      The
      Administrative Agent, acting solely for this purpose as an agent of the
      Borrower, shall maintain at the Administrative Agent’s Office a copy of each
      Assignment and Assumption delivered to it and a register for the recordation
      of
      the names and addresses of the Lenders, and the Commitments of, and principal
      amounts of the Loans owing to, each Lender pursuant to the terms hereof from
      time to time (the "Register").
      The
      Administrative Agent will make reasonable efforts to maintain the accuracy
      of
      the Register and to promptly update the Register from time to time, as necessary
      (including with regard to assignments of Loans and transfers of Notes). The
      entries in the Register shall be conclusive, absent convincing evidence to
      the
      contrary, and the Borrower, the Administrative Agent and the Lenders may treat
      each Person whose name is recorded in the Register pursuant to the terms hereof
      as a Lender hereunder for all purposes of this Credit Agreement, notwithstanding
      notice to the contrary. The Register shall be available for inspection by the
      Borrower and any Lender, at any reasonable time and from time to time upon
      reasonable prior notice.

    

    (d) Participations.
      Any
      Lender may at any time, without the consent of, or notice to, the Borrower
      or
      the Administrative Agent, sell participations to any Person (other than a
      natural person or the Borrower or any of the Borrower’s Affiliates or
      Subsidiaries) (each, a "Participant")
      in all
      or a portion of such Lender’s rights and/or obligations under this Credit
      Agreement (including all or a portion of its Commitment and/or the Loans owing
      to it); provided
      that
      (i) such Lender’s obligations under this Credit Agreement shall remain
      unchanged, (ii) such Lender shall remain solely responsible to the other
      parties hereto for the performance of such obligations and (iii) the
      Borrower, the Administrative Agent and the Lenders shall continue to deal solely
      and directly with such Lender in connection with such Lender’s rights and
      obligations under this Credit Agreement. Any agreement or instrument pursuant
      to
      which a Lender sells such a participation shall provide that such Lender shall
      retain the sole right to enforce this Credit Agreement and to approve any
      amendment, modification or waiver of any provision of this Credit Agreement;
      provided
      that
      such agreement or instrument may provide that such Lender will not, without
      the
      consent of the Participant, agree to any amendment, waiver or other modification
      described in the first proviso to Section 10.6 that affects such Participant.
      Subject to subsection (e) of this Section, the Borrower agrees that each
      Participant shall be entitled to the benefits of Section 3.9, 3.10 and
      3.11 to
      the
      same extent as if it were a Lender and had acquired its interest by assignment
      pursuant to Section 10.3(b). To the extent permitted by law, each Participant
      also shall be entitled to the benefits of Section 10.2 as
      though
      it were a Lender, provided such Participant agrees to be subject to Section
      3.13
      as though it were a Lender.

    

    
      
         

      

      
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    (e) Limitations
      upon Participant Rights.
      A
      Participant shall not be entitled to receive any greater payment under Section
      3.9, 3.10 and 3.11 than the applicable Lender would have been entitled to
      receive with respect to the participation sold to such Participant, unless
      the
      sale of the participation to such Participant is made with the Borrower’s prior
      written consent. A Participant that would be a Foreign Lender if it were a
      Lender shall not be entitled to the benefits of Section 3.10 unless the
      Borrower is notified of the participation sold to such Participant and such
      Participant agrees, for the benefit of the Borrower, to comply with Section
      3.10
      as though it were a Lender.

    

    (f) Electronic
      Execution of Assignments.
      The
      words "execution," "signed," "signature," and words of like import in any
      Assignment and Assumption shall be deemed to include electronic signatures
      or
      the keeping of records in electronic form, each of which shall be of the same
      legal effect, validity or enforceability as a manually executed signature or
      the
      use of a paper-based recordkeeping system, as the case may be, to the extent
      and
      as provided for in any applicable law, including the Federal Electronic
      Signatures in Global and National Commerce Act, the New York State Electronic
      Signatures and Records Act, or any other similar state laws based on the Uniform
      Electronic Transactions Act.

    

    (g) Special
      Purpose Funding Vehicles.
      Notwithstanding anything to the contrary contained herein, any Lender (a
      "Granting
      Lender")
      may
      grant to a special purpose funding vehicle identified as such in writing from
      time to time by the Granting Lender to the Administrative Agent and the Borrower
      (an "SPV")
      the
      option to provide all or any part of any Loan that such Granting Lender would
      otherwise be obligated to make pursuant to this Credit Agreement; provided
      that (i)
      nothing herein shall constitute a commitment by any SPV to fund any Loan, and
      (ii) if an SPV elects not to exercise such option or otherwise fails to make
      all
      or any part of such Loan, the Granting Lender shall be obligated to make such
      Loan pursuant to the terms hereof or, if it fails to do so, to make such payment
      to the Administrative Agent as is required under Section 3.14. Each party hereto
      hereby agrees that (i) neither the grant to any SPV nor the exercise by any
      SPV
      of such option shall increase the costs or expenses or otherwise increase or
      change the obligations of the Borrower under this Credit Agreement (including
      its obligations under Section 3.04), (ii) no SPV shall be liable for any
      indemnity or similar payment obligation under this Credit Agreement for which
      a
      Lender would be liable, and (iii) the Granting Lender shall for all purposes,
      including the approval of any amendment, waiver or other modification of any
      provision of any Credit Document, remain the lender of record hereunder. The
      making of a Loan by an SPV hereunder shall utilize the Commitment of the
      Granting Lender to the same extent, and as if, such Loan were made by such
      Granting Lender. In furtherance of the foregoing, each party hereto hereby
      agrees (which agreement shall survive the termination of this Credit Agreement)
      that, prior to the date that is one year and one day after the payment in full
      of all outstanding commercial paper or other senior debt of any SPV, it will
      not
      institute against, or join any other Person in instituting against, such SPV
      any
      bankruptcy, reorganization, arrangement, insolvency, or liquidation proceeding
      under the laws of the United States or any State thereof. Notwithstanding
      anything to the contrary contained herein, any SPV may (i) with notice to,
      but
      without prior consent of the Borrower and the Administrative Agent and with
      the
      payment of a processing fee in the amount of $2,500 (unless waived by the
      Administrative Agent in its sole discretion), assign all or any portion of
      its
      right to receive payment with respect to any Loan to the Granting Lender and
      (ii) disclose on a confidential basis any non-public information relating to
      its
      funding of Loans to any rating agency, commercial paper dealer or provider
      of
      any surety or Guarantee or credit or liquidity enhancement to such
      SPV.

     

    
      
         

      

      
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    10.4 No
      Waiver; Remedies Cumulative.

    

    No
      failure or delay on the part of the Administrative Agent or any Lender in
      exercising any right, power or privilege hereunder or under any other Credit
      Document and no course of dealing between the Administrative Agent or any Lender
      and the Borrower shall operate as a waiver thereof; nor shall any single or
      partial exercise of any right, power or privilege hereunder or under any other
      Credit Document preclude any other or further exercise thereof or the exercise
      of any other right, power or privilege hereunder or thereunder. The rights
      and
      remedies provided herein are cumulative and not exclusive of any rights or
      remedies which the Administrative Agent or any Lender would otherwise have.
      No
      notice to or demand on the Borrower in any case shall entitle the Borrower
      to
      any other or further notice or demand in similar or other circumstances or
      constitute a waiver of the rights of the Administrative Agent or the Lenders
      to
      any other or further action in any circumstances without notice or
      demand.

    

    10.5 Payment
      of Expenses, etc.

     

    The
      Borrower agrees to: (a) pay all reasonable out-of-pocket costs and expenses
      (i)
      of the Administrative Agent and the Arrangers (and their respective Affiliates)
      in connection with the syndication of the credit facilities provided for herein,
      the negotiation, preparation, execution and delivery and administration of
      this
      Credit Agreement and the other Credit Documents and the documents and
      instruments referred to therein (including, subject to any
      agreed
      upon limitations, the reasonable fees and expenses of Moore & Van Allen,
      PLLC, special counsel to the Administrative Agent and non-duplicative allocated
      costs of internal counsel) and any amendment, waiver or consent relating hereto
      and thereto including, but not limited to, any such amendments, waivers or
      consents resulting from or related to any work-out, renegotiation or restructure
      relating to the performance by the Borrower under this Credit Agreement and
      (ii)
      of the Administrative Agent and the Lenders (and their respective Affiliates)
      in
      connection with enforcement of the Credit Documents and the documents and
      instruments referred to therein (including, without limitation, in connection
      with any such enforcement, the reasonable fees and disbursements of counsel
      (including non-duplicative allocated costs of internal counsel) for the
      Administrative Agent and each of the Lenders); (b) pay and hold each of the
      Lenders harmless from and against any and all future stamp and other similar
      taxes with respect to the foregoing matters and save each of the Lenders
      harmless from and against any and all liabilities with respect to or resulting
      from any delay or omission (other than to the extent attributable to such
      Lender) to pay such taxes; and (c) indemnify the Administrative Agent, each
      Lender, and their respective officers, directors, employees, representatives,
      agents and Affiliates (each an "Indemnitee") from and hold each of them harmless
      against any and all losses, liabilities, claims, damages or expenses incurred
      by
      any of them as a result of, or arising out of, or in any way related to, or
      by
      reason of (i) any investigation, litigation or other proceeding (whether or
      not
      the Administrative Agent or any Lender is a party thereto, but excluding any
      investigation initiated by the Person seeking indemnification hereunder) related
      to the entering into and/or performance of any Credit Document or the use of
      proceeds of any Loans (including other extensions of credit) hereunder or the
      consummation of any other transactions contemplated in any Credit Document,
      including, without limitation, the reasonable fees and disbursements of counsel
      (including non-duplicative allocated costs of internal counsel) incurred in
      connection with any such investigation, litigation or other proceeding or (ii)
      the presence or Release of any Materials of Environmental Concern at, under
      or
      from any Property owned, operated or leased by the Borrower or any of its
      Subsidiaries, or the failure by the Borrower or any of its Subsidiaries to
      comply with any Environmental Law (but excluding, in the case of either of
      clause (i) or (ii) above, any such losses, liabilities, claims, damages or
      expenses that (x) are determined by a court of competent jurisdiction by
      final and nonappealable judgment to have resulted from the gross negligence
      or
      willful misconduct of such Indemnitee or (y) result from a claim brought by
      the Borrower against an Indemnitee for breach in bad faith of such Indemnitee’s
      obligations hereunder or under any other Credit Document, if the Borrower has
      obtained a final and nonappealable judgment in its favor on such claim as
      determined by a court of competent jurisdiction).
      In no
      event shall the Administrative Agent or any Lender be liable for any damages
      arising from the use by others of any information or other materials obtained
      through IntraLinks or other similar information transmission systems in
      connection with this Credit Agreement, nor shall the Administrative Agent or
      any
      Lender have any liability for any indirect or consequential damages relating
      to
      this Credit Agreement or any other Credit Document or arising out of its
      activities in connection herewith or therewith (whether before or after the
      Closing Date). 

    

    
      
         

      

      
        68

        
          

        

      

      
         

      

    

    10.6 Amendments,
      Waivers and Consents.

    

    Neither
      this Credit Agreement nor any other Credit Document nor any of the terms hereof
      or thereof may be amended, changed, waived, discharged or terminated unless
      such
      amendment, change, waiver, discharge or termination is in writing entered into
      by, or approved in writing by, the Required Lenders and the Borrower,
provided,
      however,
      that:

    

    (a) no
      such
      amendment, change, waiver, discharge or termination shall, without the consent
      of each Lender directly affected thereby, (i) reduce the rate or extend the
      time
      of payment of interest (other than as a result of (x) waiving the applicability
      of any post-default increase in interest rates or (y) an amendment approved
      by
      the Required Lenders as set forth in the definition of "Applicable Percentage"
      following the withdrawal by S&P and Moody’s of their ratings on the
      Borrower’s senior unsecured (non-credit enhanced) long term debt) on any Loan or
      fees hereunder, (ii) reduce the rate or extend the time of payment of any fees
      owing hereunder, (iii) extend (A) the Commitments of the Lenders, or (B) the
      final maturity of any Loan, or any portion thereof, or (iv) reduce the principal
      amount on any Loan;

    

    
      
         

      

      
        69

        
          

        

      

      
         

      

    

    (b) no
      such
      amendment, change, waiver, discharge or termination shall, without the consent
      of each Lender directly affected thereby, (i) except as otherwise permitted
      under Section 3.4(b), increase the Commitments of the Lenders over the amount
      thereof in effect (it being understood and agreed that a waiver of any Default
      or Event of Default shall not constitute a change in the terms of any Commitment
      of any Lender), (ii) amend, modify or waive any provision of this Section 10.6
      or Section 3.6, 3.10, 3.11, 3.12, 3.13, 8.1(a), 10.2, 10.3, 10.5 or 10.9, (iii)
      reduce or increase any percentage specified in, or otherwise modify, the
      definition of "Required Lenders," or (iv) consent to the assignment or transfer
      by the Borrower of any of its rights and obligations under (or in respect of)
      the Credit Documents to which it is a party;

    

    (c) no
      provision of Section 9 may be amended without the consent of the Administrative
      Agent, such consent not to be unreasonably withheld; and

    

    (d) designation
      of the Master Account or of any Financial Officer may not be made without the
      written consent of at least two Financial Officers of the Borrower.

    

    10.7 Counterparts.

    

    This
      Credit Agreement may be executed in any number of counterparts, each of which
      when so executed and delivered shall be an original, but all of which shall
      constitute one and the same instrument. It shall not be necessary in making
      proof of this Credit Agreement to produce or account for more than one such
      counterpart.

    

    10.8 Headings.

    

    The
      headings of the sections and subsections hereof are provided for convenience
      only and shall not in any way affect the meaning or construction of any
      provision of this Credit Agreement.

    

    10.9 Survival.

    

    All
      indemnities set forth herein, including, without limitation, in Section 3.9,
      3.11, 9.7 or 10.5 shall survive the execution and delivery of this Credit
      Agreement, the making of the Loans, the repayment of the Loans and other
      obligations under the Credit Documents and the termination of the Commitments
      hereunder, and all representations and warranties made by the Borrower herein
      shall survive delivery of the Notes and the making of the Loans
      hereunder.

    

    
      
         

      

      
        70

        
          

        

      

      
         

      

    

    10.10 Governing
      Law; Submission to Jurisdiction; Venue.

    

    (a) THIS
      CREDIT AGREEMENT AND THE OTHER CREDIT DOCUMENTS AND THE RIGHTS AND OBLIGATIONS
      OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE GOVERNED BY AND CONSTRUED
      AND
      INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. Any legal
      action or proceeding with respect to this Credit Agreement or any other Credit
      Document may be brought in the courts of the State of New York in New York
      County, or of the United States for the Southern District of New York, and,
      by
      execution and delivery of this Credit Agreement, the Borrower hereby irrevocably
      accepts for itself and in respect of its property, generally and
      unconditionally, the nonexclusive jurisdiction of such courts. The Borrower
      further irrevocably consents to the service of process out of any of the
      aforementioned courts in any such action or proceeding by the mailing of copies
      thereof by registered or certified mail, postage prepaid, to it at the address
      set out for notices pursuant to Section 10.1, such service to become effective
      three (3) days after such mailing. Nothing herein shall affect the right of
      the
      Administrative Agent to serve process in any other manner permitted by law
      or to
      commence legal proceedings or to otherwise proceed against the Borrower in
      any
      other jurisdiction.

    

    (b) The
      Borrower hereby irrevocably waives any objection which it may now or hereafter
      have to the laying of venue of any of the aforesaid actions or proceedings
      arising out of or in connection with this Credit Agreement or any other Credit
      Document brought in the courts referred to in subsection (a) hereof and hereby
      further irrevocably waives and agrees not to plead or claim in any such court
      that any such action or proceeding brought in any such court has been brought
      in
      an inconvenient forum.

    

    (c) TO
      THE
      EXTENT PERMITTED BY LAW, EACH OF THE ADMINISTRATIVE AGENT, THE LENDERS AND
      THE
      BORROWER HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION,
      PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS CREDIT AGREEMENT,
      ANY OF THE OTHER CREDIT DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED
      HEREBY.

    

    10.11 Severability.

    

    If
      any
      provision of any of the Credit Documents is determined to be illegal, invalid
      or
      unenforceable, such provision shall be fully severable and the remaining
      provisions shall remain in full force and effect and shall be construed without
      giving effect to the illegal, invalid or unenforceable provisions.

    

    10.12 Entirety.

    

    This
      Credit Agreement together with the other Credit Documents represent the entire
      agreement of the parties hereto and thereto, and supersede all prior agreements
      and understandings, oral or written, if any, including any commitment letters
      or
      correspondence relating to the Credit Documents or the transactions contemplated
      herein and therein.

    

    
      
         

      

      
        71

        
          

        

      

      
         

      

    

    10.13 Binding
      Effect; Termination.

    

    (a) This
      Credit Agreement shall become effective at such time on or after the Closing
      Date when it shall have been executed by the Borrower and the Administrative
      Agent, and the Administrative Agent shall have received copies hereof (telefaxed
      or otherwise) which, when taken together, bear the signatures of each Lender,
      and thereafter this Credit Agreement shall be binding upon and inure to the
      benefit of the Borrower, the Administrative Agent and each Lender and their
      respective successors and assigns. 

    

    (b) The
      term
      of this Credit Agreement shall be until no Loans or any other amounts payable
      hereunder or under any of the other Credit Documents shall remain outstanding
      and until all of the Commitments hereunder shall have expired or been
      terminated.

    

    10.14 Confidentiality.

    

    The
      Administrative Agent and the Lenders agree to keep confidential (and to cause
      their respective affiliates, officers, directors, employees, agents and
      representatives to keep confidential) all information, materials and documents
      furnished to the Administrative Agent or any such Lender by or on behalf of
      the
      Borrower (whether before or after the Closing Date) which relates to the
      Borrower or any of its Subsidiaries (the "Information"). Notwithstanding the
      foregoing, the Administrative Agent and each Lender shall be permitted to
      disclose Information (i) to its affiliates, officers, directors, employees,
      agents and representatives in connection with its participation in any of the
      transactions evidenced by this Credit Agreement or any other Credit Documents
      or
      the administration of this Credit Agreement or any other Credit Documents;
      (ii)
      to the extent required by applicable laws and regulations or by any subpoena
      or
      similar legal process, or requested by any Governmental Authority; (iii) to
      the
      extent such Information (A) becomes publicly available other than as a result
      of
      a breach of this Credit Agreement or any agreement entered into pursuant to
      clause (iv) below, (B) becomes available to the Administrative Agent or such
      Lender on a non-confidential basis from a source other than the Borrower or
      (C)
      was available to the Administrative Agent or such Lender on a non-confidential
      basis prior to its disclosure to the Administrative Agent or such Lender by
      the
      Borrower; (iv) to
      any
      actual or prospective assignee, participant or counterparty (or its advisors)
      to
      any swap, hedge, securitization or derivative transaction relating to any of
      its
      rights or obligations under this Agreement or relating to the Borrower and
      its
      obligations so long as such actual or prospective assignee, participant or
      counterparty (or its advisor) first specifically agrees in a writing furnished
      to and for the benefit of the Borrower to be bound by that terms of this Section
      10.14;
      (v) to
      the extent required in connection with the exercise of remedies under this
      Credit Agreement or any other Credit Documents; or
      (vi)
      to the extent that the Borrower shall have consented in writing to such
      disclosure. Nothing set forth in this Section 10.14 shall obligate the
      Administrative Agent or any Lender to return any materials furnished by the
      Borrower.

    

    
      
         

      

      
        72

        
          

        

      

      
         

      

    

    10.15 Source
      of Funds.

    

     

    Each
      of
      the Lenders hereby represents and warrants to the Borrower that at least one
      of
      the following statements is an accurate representation as to the source of
      funds
      used by such Lender in connection with the financing hereunder: 

     

    (a) no
      part
      of such funds constitutes assets allocated to any separate account (as such
      term
      is defined in Section 3(17) of ERISA) maintained by such Lender in which any
      employee benefit plan (or its related trust) has any interest;

     

    (b) the
      source is either (i) an insurance company pooled separate account, within
      the meaning of Prohibited Transaction Class Exemption ("PTE") 90-1 (issued 
by the United States Department of Labor January 29, 1990), or (ii) a bank
      collective investment fund, within the meaning of PTE 91-38 (issued
      June 12, 1991 and amended by PTE 2002-13 (issued March 1, 2002)), the
      requirements of Section III(b) of PTE 90-1 or Section III(b) of PTE 91-38 are
      and will continue to be satisfied, and 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;

     

    (c) the
      source is an "insurance company general account" within the meaning of PTE
      95-60
      (issued July 12, 1995 and amended by PTE 2002-13 (issued March 1,
      2002)) and there is no employee benefit plan, treating as a single plan all
      plans maintained by the same employer or employee organization, with respect
      to
      which the amount of the general account reserves and liabilities for all
      contracts held by or on behalf of such plan, exceeds ten percent (10%) of the
      total reserves and liabilities of such general account (exclusive of separate
      account liabilities) plus surplus, as set forth in the NAIC Annual Statement
      for
      such Lender most recently filed with such Lender's state of
      domicile;

     

    (d) the
      source constitutes assets of an "investment fund" (within the meaning of Part
      V
      of PTE 84-14 issued March 13, 1984 and amended by PTE 2002-13 (issued March
      1,
      2002) (the "QPAM Exemption")) managed by a "qualified professional asset
      manager" or "QPAM" (within the meaning of Part V of the QPAM Exemption),
      and the applicable conditions of the QPAM Exemption are satisfied;
      or

     

    (e) such
      funds constitute assets of one or more employee benefit plans which such Lender
      has identified in writing to the Borrower.

     

    As
      used
      in this Section 10.15, the term "employee benefit plan" shall have the
      meaning assigned to such term in Section 3(3) of ERISA.

     

    10.16 Conflict.

    

    To
      the
      extent that there is a conflict or inconsistency between any provision hereof,
      on the one hand, and any provision of any Credit Document, on the other hand,
      this Credit Agreement shall control.

    

    
      
         

      

      
        73

        
          

        

      

      
         

      

    

    10.17 USA
      PATRIOT Act Notice.

    

    Each
      Lender that is subject to the Act (as hereinafter defined) and the
      Administrative Agent (for itself and not on behalf of any Lender) hereby
      notifies the Borrower that pursuant to the requirements of the USA Patriot
      Act
      (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the
      "Act"),
      it is
      required to obtain, verify and record information that identifies the Borrower,
      which information includes the name and address of the Borrower and other
      information that will allow such Lender or the Administrative Agent, as
      applicable, to identify the Borrower in accordance with the Act.

    

    10.18 No
      Advisory or Fiduciary Responsibility.

    

    In
      connection with all aspects of each transaction contemplated hereby, the
      Borrower acknowledges and agrees that: (i) the credit facility provided
      for hereunder and any related arranging or other services in connection
      therewith (including in connection with any amendment, waiver or other
      modification hereof or of any other Credit Document) are an arm’s-length
      commercial transaction between the Borrower and its Affiliates,
      on the one hand, and the Administrative Agent and the Arrangers, on the other
      hand, and the Borrower is capable of evaluating and understanding and
      understands and accepts the terms, risks and conditions of the transactions
      contemplated hereby and by the other Credit Documents (including any amendment,
      waiver or other modification hereof or thereof); (ii) in connection with the
      process leading to such transaction, the Administrative Agent and each Arranger
      is and has been acting solely as a principal and is not the financial advisor,
      agent or fiduciary, for the Borrower or any of its Affiliates,
      stockholders, creditors or employees or any other Person; (iii) neither the
      Administrative Agent nor either Arranger has assumed or will assume an advisory,
      agency or fiduciary responsibility in favor of the Borrower with respect to
      any
      of the transactions contemplated hereby or the process leading thereto,
      including with respect to any amendment, waiver or other modification hereof
      or
      of any other Credit Document (irrespective of whether the Administrative Agent
      or either
      Arranger has advised or is currently advising the Borrower or any of
      its Affiliates
      on other matters) and neither the Administrative Agent nor either Arranger
      has
      any obligation to the Borrower or any of its Affiliates with respect to the
      transactions contemplated hereby except those obligations expressly set forth
      herein and in the other Credit Documents; (iv) the Administrative Agent
      and the
      Arrangers and their respective Affiliates may be engaged in a broad range of
      transactions that involve interests that differ from those of the Borrower
      and
      its Affiliates, and neither the Administrative Agent nor either Arranger has
      any
      obligation to disclose any of such interests by virtue of any advisory, agency
      or fiduciary relationship arising out of the transactions contemplated hereby;
      and (v) the Administrative Agent and Arrangers have not provided and will not
      provide any legal, accounting, regulatory or tax advice with respect to any
      of
      the transactions contemplated hereby (including any amendment, waiver or other
      modification hereof or of any other Credit Document) and the Borrower has
      consulted its own legal, accounting, regulatory and tax advisors to the extent
      it has deemed appropriate. The Borrower hereby waives and releases, to the
      fullest extent permitted by law, any claims that it may have against the
      Administrative Agent and the Arrangers with respect to any breach or alleged
      breach of agency or fiduciary duty arising out of the transactions contemplated
      hereby.

    

    [Signature
      Pages to Follow]

    
      
         

      

      
        74

        
          

        

      

      
         

      

    

    AUTOZONE,
      INC.

    

    By:
      /s/
      James A. Cook III

    Name:
      James A. Cook III

    Title:
      Vice President and Treasurer

    

    By:
      /s/
      Harry L. Goldsmith

    Name:
      Harry L. Goldsmith

    Title:
      Executive Vice President, Secretary &

    General
      Counsel

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ADMINISTRATIVE

    AGENT:                         BANK
      OF AMERICA, N.A.,
      

    as
      Administrative Agent

    

    By:
      /s/
      Mollie S. Camp

    Name:
      Mollie S. Camp

    Title:
      Vice President

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    LENDERS:                          
BANK
      OF AMERICA,
      N.A., 

    as
      a
      Lender

    

    By:
      /s/
      Dan Killian

    Name:
      Dan
      M. Killian

    Title:
      Senior Vice President

    

    CITICORP
      USA, INC.

    

    By:
      /s/
      P. Nesbit

    Name:
      P.
      Nesbit

    Title:
      Director

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    JPMorgan
      Chase Bank, N.A.

    

    By:
      /s/
      Barry Bergman

    Name:
      Barry Bergman

    Title:
      Managing Director

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SunTrust
      Bank

    

    By:
      /s/
      Bryan W. Ford

    Name:
      Bryan
      W. Ford

    Title:
      Director

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Wachovia
      Bank, National Association

    

    By:
      /s/
      Anthony D. Braxton

    Name:
      Anthony D. Braxton

    Title:
      Director

    MERRILL
      LYNCH BANK USA

    

    By:
      /s/
      David Millett

    Name:
      David Millett

    Title:
      Vice President

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    BNP
      PARIBAS

    

    By:
      /s/
      Brad Ellis

    Name:
      Brad Ellis

    Title:
      Vice President

    

    By:
      /s/
      Aurora Abella

    Name:
      Aurora Abella

    Title:
      Vice
      President

    KeyBank
      National Association

    

    By:
      /s/
      Marianne T. Meil

    Name:
      Marianne T. Meil

    Title:
      Senior Vice president

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    National
      City Bank

    

    By:
      /s/
      Michael J. Durbin

    Name:
      Michael J. Durbin

    Title:
      Senior Vice President

    

    Union
      Bank of California, N.A.

    

    By:
      /s/
      Theresa L. Rocha

    Name:
      Theresa L. Rocha

    Title:
      Vice President

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    [US
      Bank National Association]

    

    By:
      /s/
      Heather Hinkelman

    Name:
      Heather Hinkelman

    Title:
      Banking Officer

    

    

    The
      Bank of Tokyo-Mitsubishi UFJ, Ltd.

    Houston
      Agency

    

    By:
      /s/
      Douglas M. Barnell

    Name:
      Douglas M. Barnell

    Title:
      Vice President & Manager

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Calyon
      New York Branch

    

    By:
      /s/
      David P. Cagle

    Name:
      David P. Cagle

    Title:
      Managing Director

    

    By:
      /s/
      Brian Myers

    Name:
      Brian Myers

    Title:
      Managing
      Director

    Fifth
      Third Bank

    

    By:
      /s/
      John K. Perez

    Name:
      John K. Perez

    Title:
      Vice President

    

    

    FORTIS
      CAPITAL CORP

    

    By:
      /s/
      R.L.A. Rutgers van Rozenburg

    Name:
      R.L.A. Rutgers van Rozenburg

    Title:

    

    By:
      /s/
      Daniel M. Jaffe

    Name:
      Daniel M. Jaffe

    Title:
      Vice President

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Wells
      Fargo Bank, N.A.

    

    By:
      /s/
      Zach Johnson

    Name:
      Zach Johnson

    Title:
      Senior Vice President

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Comerica
      Bank

    

    By:
      /s/
      Heather Whiting

    Name:
      Heather Whiting

    Title:
      Assistant Vice President

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Mizuho
      Corporate Bank, Ltd.

    

    By:
      /s/
      Bertram Tang

    Name:
      Bertram Tang

    Title:
      Senior Vice President & Team Leader

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    AmSouth
      Bank

    

    By:
      /s/
      Elizabeth H. Vaughn

    Name:
      Elizabeth H. Vaughn

    Title:
      Vice President

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    The
      Bank of New York

    

    By:
      /s/
      Scott DeTraglia

    Name:
      Scott DeTraglia

    Title:
      Vice President

    

    

    FIRST
      TENNESSEE BANK NATIONAL ASSOCIATION

    

    By:
      /s/
      Michael S. Roseman

    Name:
      Michael S. Roseman

    Title:
      Vice President

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    The
      Northern Trust Company

    

    By:
      /s/
      Thomas R. Hasenauer

    Name:
      Thomas R. Hasenauer

    Title:
      Vice President

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    BRANCH
      BANKING AND TRUST COMPANY

    

    By:
      /s/
      Roberts A. Bass

    Name:
      Roberts A. Bass

    Title:
      Senior Vice President

    
      
         

      

         

        
          

        

      

      
         

      

    

    Capital
      One, N.A.

    

    By:
      /s/
      Julie Nosser

    Name:
      Julie Nosser

    Title:
      Assistant Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]