Document:

EX-4.3

 

Exhibit 4.3

	 	 	 	 	 

 

 

SELECTIVE INSURANCE GROUP, INC.

AND

U.S. BANK

NATIONAL ASSOCIATION

Trustee

 

Junior Subordinated Debt Indenture

 

Dated as of September    , 2006

 

 

 

 

SELECTIVE INSURANCE GROUP, INC.

Indenture Dated as of September     , 2006

CROSS REFERENCE SHEET*

          Showing the Location in the Indenture of the Provisions Inserted Pursuant to Sections 310 to
318(a) inclusive of the Trust Indenture Act of 1939.

	 	 	 
	Provisions of Trust Indenture Act of 1939	 	Indenture Provision
	§ 310(a)(1), (2)
	 	§ 8.09
	(3)
	 	Not Applicable
	(4)
	 	Not Applicable
	(b)
	 	§ 8.08; § 8.10
	(c)
	 	Not Applicable
	§ 311(a)
	 	§ 8.13(a)
	(b)
	 	§ 8.13(b)
	(b)(2)
	 	§ 9.03 (a)(ii); § 9.03(b)
	(c)
	 	Not Applicable
	§ 312(a)
	 	§ 9.01; § 9.02(a)
	(b)
	 	§ 9.02(b)
	(c)
	 	§ 9.02(c)
	§ 313(a)
	 	§ 9.03(a)
	(b)(1)
	 	Not Applicable
	(2)
	 	§ 9.03(b)
	(c)
	 	§ 9.03(a); § 9.03(b)
	(d)
	 	§ 9.03(c)
	§ 314(a)
	 	§ 9.04
	(b)
	 	Not Applicable
	(c)
	 	§ 1.02
	(d)
	 	Not Applicable
	(e)
	 	§ 1.02
	(f)
	 	Not Applicable
	§ 315(a)(1)
	 	§ 8.01(a)(i)
	(2)
	 	§ 8.01(a)(ii)
	(b)
	 	§ 8.02
	(c)
	 	§ 8.01(b)
	(d)(1)
	 	§ 8.01(a)
	(2)
	 	§ 8.01(c)(ii)
	(3)
	 	§ 8.01(c)(iii)
	(e)
	 	§ 7.14
	§ 316(a)
	 	§ 7.12; § 7.13
	(b)
	 	§ 7.08
	(c)
	 	§ 1.04
	§ 317(a)(1), (2)
	 	§ 7.03; § 7.04
	(b)
	 	§ 12.03
	§ 318(a)
	 	§ 1.08

 

			
	*	 	This Cross Reference Sheet is not part of the Indenture.

i

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	ARTICLE I
	 	 	 	 
	 
	 	 	 	 
	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	 	 	 	 
	 
	 	 	 	 
	Section 1.01 Definitions
	 	 	1	 
	Section 1.02 Compliance Certificates and Opinions
	 	 	8	 
	Section 1.03 Form of Documents Delivered to Trustee
	 	 	9	 
	Section 1.04 Act of Holders
	 	 	9	 
	Section 1.05 Notices, etc., to Trustee and Company
	 	 	10	 
	Section 1.06 Notice to Holders; Waiver
	 	 	10	 
	Section 1.07 Immunity of Incorporator, Stockholders, Officers and Directors
	 	 	11	 
	Section 1.08 Conflict with Trust Indenture Act
	 	 	11	 
	Section 1.09 Effect of Headings and Table of Contents
	 	 	11	 
	Section 1.10 Successors and Assigns
	 	 	11	 
	Section 1.11 Separability Clause
	 	 	11	 
	Section 1.12 Benefits of Indenture
	 	 	11	 
	Section 1.13 Governing Law
	 	 	12	 
	Section 1.14 Cross References
	 	 	12	 
	Section 1.15 Counterparts
	 	 	12	 
	Section 1.16 Legal Holidays
	 	 	12	 
	Section 1.17 Securities in Foreign Currencies
	 	 	12	 
	 
	 	 	 	 
	ARTICLE II
	 	 	 	 
	 
	 	 	 	 
	SECURITY FORMS
	 	 	 	 
	 
	 	 	 	 
	Section 2.01 Forms Generally
	 	 	13	 
	Section 2.02 Form of Certificate of Authentication
	 	 	13	 
	Section 2.03 Securities in Global Form
	 	 	13	 
	 
	 	 	 	 
	ARTICLE III
	 	 	 	 
	 
	 	 	 	 
	THE SECURITIES
	 	 	 	 
	 
	 	 	 	 
	Section 3.01 Amount Unlimited; Issuable in Series
	 	 	14	 
	Section 3.02 Denominations
	 	 	17	 
	Section 3.03 Authentication and Dating
	 	 	17	 
	Section 3.04 Execution of Securities
	 	 	18	 
	Section 3.05 Exchange and Registration of Transfer of Securities
	 	 	18	 
	Section 3.06 Mutilated, Destroyed, Lost or Stolen Securities
	 	 	21	 
	Section 3.07 Temporary Securities
	 	 	21	 
	Section 3.08 Payment of Interest; Interest Rights Preserved
	 	 	22	 
	Section 3.09 Persons Deemed Owners
	 	 	23	 

ii

 

	 	 	 	 	 
	 	 	Page
	Section 3.10 Cancellation
	 	 	23	 
	Section 3.11 Computation of Interest
	 	 	24	 
	 
	 	 	 	 
	ARTICLE IV
	 	 	 	 
	 
	 	 	 	 
	REDEMPTION OF SECURITIES
	 	 	 	 
	 
	 	 	 	 
	Section 4.01 Applicability of Article
	 	 	24	 
	Section 4.02 Election to Redeem; Notice to Trustee
	 	 	24	 
	Section 4.03 Selection by Trustee of Securities to Be Redeemed
	 	 	24	 
	Section 4.04 Notice of Redemption
	 	 	25	 
	Section 4.05 Deposit of Redemption Price
	 	 	25	 
	Section 4.06 Securities Payable on Redemption Date
	 	 	26	 
	Section 4.07 Securities Redeemed in Part
	 	 	26	 
	 
	 	 	 	 
	ARTICLE V
	 	 	 	 
	 
	 	 	 	 
	SINKING FUNDS
	 	 	 	 
	 
	 	 	 	 
	Section 5.01 Applicability of Article
	 	 	26	 
	Section 5.02 Satisfaction of Mandatory Sinking Fund Payments with Securities
	 	 	27	 
	Section 5.03 Redemption of Securities for Sinking Fund
	 	 	27	 
	 
	 	 	 	 
	ARTICLE VI
	 	 	 	 
	 
	 	 	 	 
	SATISFACTION AND DISCHARGE
	 	 	 	 
	 
	 	 	 	 
	Section 6.01 Satisfaction and Discharge of Indenture
	 	 	28	 
	Section 6.02 Satisfaction, Discharge and Defeasance of Securities of any Series
	 	 	30	 
	Section 6.03 Application of Trust Money
	 	 	31	 
	Section 6.04 Paying Agent to Repay Moneys Held
	 	 	31	 
	Section 6.05 Return of Unclaimed Moneys
	 	 	31	 
	 
	 	 	 	 
	ARTICLE VII
	 	 	 	 
	 
	 	 	 	 
	REMEDIES
	 	 	 	 
	 
	 	 	 	 
	Section 7.01 Events of Default
	 	 	32	 
	Section 7.02 Acceleration of Maturity; Rescission and Annulment
	 	 	33	 
	Section 7.03 Collection of Indebtedness and Suits for Enforcement by Trustee
	 	 	34	 
	Section 7.04 Trustee May File Proofs of Claim
	 	 	35	 
	Section 7.05 Trustee May Enforce Claims without Possession of Securities
	 	 	36	 
	Section 7.06 Application of Money Collected
	 	 	36	 
	Section 7.07 Limitation on Suits
	 	 	37	 
	Section 7.08 Unconditional Right of Holders to Receive Principal, Premium and Interest
	 	 	37	 
	Section 7.09 Restoration of Rights and Remedies
	 	 	37	 
	Section 7.10 Rights and Remedies Cumulative
	 	 	38	 

iii

 

	 	 	 	 	 
	 	 	Page
	Section 7.11 Delay or Omission Not Waiver
	 	 	38	 
	Section 7.12 Control by Holders
	 	 	38	 
	Section 7.13 Waiver of Past Defaults
	 	 	38	 
	Section 7.14 Undertaking for Costs
	 	 	39	 
	Section 7.15 Waiver of Stay or Extension Laws
	 	 	39	 
	 
	 	 	 	 
	ARTICLE VIII
	 	 	 	 
	 
	 	 	 	 
	THE TRUSTEE
	 	 	 	 
	 
	 	 	 	 
	Section 8.01 Certain Duties and Responsibilities
	 	 	39	 
	Section 8.02 Notice of Defaults
	 	 	41	 
	Section 8.03 Certain Rights of Trustee
	 	 	41	 
	Section 8.04 Not Responsible for Recitals or Issuance of Securities
	 	 	42	 
	Section 8.05 May Hold Securities
	 	 	42	 
	Section 8.06 Money Held in Trust
	 	 	42	 
	Section 8.07 Compensation and Reimbursement
	 	 	43	 
	Section 8.08 Disqualification; Conflicting Interests
	 	 	43	 
	Section 8.09 Corporate Trustee Required; Different Trustees for Different Series; Eligibility
	 	 	43	 
	Section 8.10 Resignation and Removal; Appointment of Successor
	 	 	44	 
	Section 8.11 Acceptance of Appointment by Successor
	 	 	46	 
	Section 8.12 Merger, Conversion, Consolidation or Succession to Business
	 	 	46	 
	Section 8.13 Preferential Collection of Claims against Company
	 	 	47	 
	Section 8.14 Authenticating Agent
	 	 	47	 
	 
	 	 	 	 
	ARTICLE IX
	 	 	 	 
	 
	 	 	 	 
	HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
	 	 	 	 
	 
	 	 	 	 
	Section 9.01 Company to Furnish Trustee Names and Addresses of Holders
	 	 	48	 
	Section 9.02 Preservation of Information; Communications to Holders
	 	 	49	 
	Section 9.03 Reports by Trustee
	 	 	50	 
	Section 9.04 Reports by Company
	 	 	50	 
	 
	 	 	 	 
	ARTICLE X
	 	 	 	 
	 
	 	 	 	 
	CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER
	 	 	 	 
	 
	 	 	 	 
	Section 10.01 Company May Consolidate, etc., Only on Certain Terms
	 	 	51	 
	Section 10.02 Successor Person Substituted
	 	 	52	 
	 
	 	 	 	 
	ARTICLE XI
	 	 	 	 
	 
	 	 	 	 
	SUPPLEMENTAL INDENTURES
	 	 	 	 
	 
	 	 	 	 
	Section 11.01 Supplemental Indentures without Consent of Holders
	 	 	52	 
	Section 11.02 Supplemental Indentures with Consent of Holders
	 	 	54	 

iv

 

	 	 	 	 	 
	 	 	Page
	Section 11.03 Execution of Supplemental Indentures
	 	 	55	 
	Section 11.04 Notice of Supplemental Indenture
	 	 	55	 
	Section 11.05 Effect of Supplemental Indentures
	 	 	55	 
	Section 11.06 Conformity with Trust Indenture Act
	 	 	55	 
	Section 11.07 Reference in Securities to Supplemental Indentures
	 	 	55	 
	 
	 	 	 	 
	ARTICLE XII
	 	 	 	 
	 
	 	 	 	 
	COVENANTS
	 	 	 	 
	 
	 	 	 	 
	Section 12.01 Payment of Principal, Premium and Interest
	 	 	56	 
	Section 12.02 Maintenance of Office or Agency
	 	 	56	 
	Section 12.03 Money for Securities Payments to Be Held in Trust
	 	 	57	 
	Section 12.04 Statement as to Compliance
	 	 	57	 
	Section 12.05 Corporate Existence
	 	 	58	 
	Section 12.06 Permit No Vacancy in Office of Trustee
	 	 	58	 
	Section 12.07 Waiver
	 	 	58	 
	 
	 	 	 	 
	ARTICLE XIII
	 	 	 	 
	 
	 	 	 	 
	SUBORDINATION OF THE SECURITIES
	 	 	 	 
	 
	 	 	 	 
	Section 13.01 Agreement to Subordinate
	 	 	58	 
	Section 13.02 Liquidation, Dissolution, Bankruptcy
	 	 	58	 
	Section 13.03 Default on Senior Indebtedness
	 	 	59	 
	Section 13.04 Acceleration of Payment of Securities
	 	 	59	 
	Section 13.05 When Distribution Must Be Paid Over
	 	 	60	 
	Section 13.06 Subrogation
	 	 	60	 
	Section 13.07 Relative Rights
	 	 	60	 
	Section 13.08 Subordination May Not Be Impaired by Company
	 	 	61	 
	Section 13.09 Rights of Trustee and Paying Agent
	 	 	61	 
	Section 13.10 Distribution or Notice to Representative
	 	 	61	 
	Section 13.11 Article Thirteen Not to Prevent Events of Default or Limit Right to Accelerate
	 	 	61	 
	Section 13.12 Trust Monies Not Subordinated
	 	 	62	 
	Section 13.13 Trustee Entitled to Rely
	 	 	62	 
	Section 13.14 Trustee to Effectuate Subordination
	 	 	62	 
	Section 13.15 Trustee Not Fiduciary for Holders of Senior Indebtedness
	 	 	62	 
	Section 13.16 Reliance by Holders of Senior Indebtedness on Subordination Provisions
	 	 	63	 

v

 

          JUNIOR SUBORDINATED DEBT INDENTURE, dated as of September     , 2006, between SELECTIVE
INSURANCE GROUP, INC., a New Jersey corporation, having its principal office at 40 Wantage Avenue,
Branchville, New Jersey 07890 (the “Company”), and U.S. BANK NATIONAL ASSOCIATION, a national
banking association, having its corporate trust office at U.S. Bank, 10 W. Market Street, Suite
1150, Indianapolis, IN 46204, as trustee hereunder (the “Trustee”).

RECITALS OF THE COMPANY

          The Company is authorized to borrow money for its corporate purposes and to issue debentures,
notes or other evidences of unsecured indebtedness therefor; and for its corporate purposes, the
Company has determined to make and issue its debentures, notes or other evidences of unsecured
indebtedness to be issued in one or more series (the “Securities”), as hereinafter provided, up to
such principal amount or amounts as may from time to time be authorized by or pursuant to the
authority granted in one or more resolutions of the Board of Directors.

          All things necessary to make this Indenture a valid agreement of the Company, in accordance
with its terms, have been done.

          NOW, THEREFORE, THIS INDENTURE WITNESSETH:

          That, in consideration of the premises and of the mutual covenants herein contained and of the
purchase and acceptance of the Securities by the holders thereof and of the sum of One Dollar to
the Company duly paid by the Trustee at or before the ensealing and delivery of these presents, and
for other valuable considerations, the receipt whereof is hereby acknowledged, and in order to
declare the terms and conditions upon which the Securities are to be issued, IT IS HEREBY
COVENANTED, DECLARED AND AGREED, by and between the parties hereto, that all the Securities are to
be executed, authenticated and delivered subject to the further covenants and conditions
hereinafter set forth; and the Company, for itself and its successors, does hereby covenant and
agree to and with the Trustee and its successors in said trust, for the benefit of those who shall
hold the Securities, or any of them, as follows:

ARTICLE I

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

          Section 1.01 Definitions.

          For all purposes of this Indenture, of all indentures supplemental hereto
and all Securities issued hereunder except as otherwise expressly provided or unless the context
otherwise requires: (a) the terms defined in this Article shall have the meanings assigned to them
in this Article, and include the plural as well as the singular; (b) all terms used in this
Indenture, in any indenture supplemental hereto or in any such Securities which are defined in the
Trust Indenture Act shall have the meanings assigned to them in said Act; (c) all accounting terms
not otherwise defined herein or in such Securities shall have the meanings assigned to them in
accordance with generally accepted accounting principles.

 

 

          Certain terms used in Article Eight hereof are defined in that Article.

          “Act” when used with respect to any Holder has the meaning specified in Section 1.04 hereof.

          “Affiliate” of any specified Person means any other Person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified Person. For the
purposes of this definition, “control” when used with respect to any specified 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.

          “Authenticating
Agent”: See Section 8.14 hereof.

          “Authorized Newspaper” means a newspaper of general circulation in the same city in which the
Place of Payment with respect to Securities of a series shall be located or in the Borough of
Manhattan, The City of New York, printed in the English language and customarily published on each
Business Day, whether or not published on Saturdays, Sundays or holidays. Whenever successive
weekly publications in an Authorized Newspaper are required hereunder they may be made (unless
otherwise expressly provided herein) on the same or different days of the week and in the same or
in different Authorized Newspapers.

          “Bearer Rules” means the provisions of the Internal Revenue Code, in effect from time to time,
governing the treatment of bearer obligations and any regulations thereunder including, to the
extent applicable to any series of Securities, proposed or temporary regulations.

          “Board of Directors” means either the board of directors of the Company or any committee of
that board duly authorized to act for it in respect hereof.

          “Board Resolution” means a copy of a resolution or resolutions certified by the Secretary or
an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be
in full force and effect on the date of such certification, and delivered to the Trustee.

          “Business Day” means (i) when used with respect to any payment, each Monday, Tuesday,
Wednesday, Thursday and Friday which is not a day on which banking institutions in the Place of
Payment with respect to such payment are authorized or required by law or executive order to close
and (ii) when used for any other purpose, each Monday, Tuesday, Wednesday, Thursday and Friday
which is not a day on which banking institutions in the Borough of Manhattan, The City of New York,
or in the city in which the Corporate Trust Office of the Trustee is located are authorized or
required by law or executive order to close.

          “Commission” means the United States Securities and Exchange Commission, as from time to time
constituted, created under the Exchange Act, or at any time after the execution of this instrument
such Commission is not existing and performing the duties now assigned to it under the Trust
Indenture Act, then the body performing such duties on such date.

2

 

          “Company” means the corporation named as the “Company” in the first paragraph of this
instrument until a successor corporation shall have become such pursuant to the applicable
provisions of this Indenture, and thereafter “Company” shall mean each such successor corporation.

          “Company Consent,” “Company Order” and “Company Request” mean, respectively, a written
consent, order or request signed in the name of the Company by its Chairman of the Board, any one
of its Vice Chairmen, the Chief Executive Officer, its President, any one of its Senior Executive
Vice Presidents, any one of its Executive Vice Presidents, any one of its Senior Vice Presidents,
any one of its Vice Presidents, its Treasurer, any one of its Assistant Treasurers, its Secretary
or any one of its Assistant Secretaries, and delivered to the Trustee.

          “Corporate Trust Office” means the principal office of the Trustee at which at any particular
time its corporate trust business shall be principally administered, which office of U.S. Bank
National Association, at the date of the execution of this Indenture is located at U.S. Bank, 10 W.
Market Street, Suite 1150, Indianapolis, IN 46204, Attention: Ann Forey.

          “corporation” means a corporation, association, company or business trust.

          “Defaulted Interest”: See Section 3.08 hereof.

          “Depositary” when used with respect to the Securities of any series issuable or issued, in
whole or in part, in the form of a Global Security, means the Person designated as Depositary by
the Company pursuant to Section 3.01 until a successor Depositary shall have become such pursuant
to the applicable provisions of this Indenture, and thereafter “Depositary” shall mean or include
each Person who is then a Depositary hereunder, and if at any time there is more than one such
Person, “Depositary” as used with respect to the Securities of any such series shall mean the
Depositary with respect to the Securities of that series.

          “Dollars” and the sign “$” mean the coin or currency of the United States of America as at the
time of payment is legal tender for the payment of public and private debts.

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

          “Event of Default”: See Section 7.01 hereof.

          “Federal Bankruptcy Code”: See Section 7.01 hereof.

          “Foreign Currency” means any currency issued by the government of any country other than the
United States of America or any composite currency (including, without limitation, the European
Currency Unit).

          “Global Security” means a Security issued to evidence all or a part of any series of
Securities which is executed by the Company and authenticated and delivered to the Depositary or
pursuant to the Depositary’s instructions, all in accordance with this Indenture and pursuant to a
Company Order, which shall be registered in the name of the Depositary or its nominee.

3

 

          “Holder” means, unless otherwise established as contemplated by Section 3.01 with respect to
the Securities of any series, a Person in whose name a Security of any series is registered in the
Securities Register for the Securities of such series.

          “Indenture” means this instrument as originally executed, or as it may be amended or
supplemented from time to time as herein provided, and shall include the form and terms of the
Securities of each series established as contemplated by Sections 2.01 and 3.01.

          “interest” when used with respect to any non-interest bearing Security means interest payable
after Maturity thereof.

          “Interest Payment Date” when used with respect to the Securities of any series means the
Stated Maturity of an installment of interest on the Securities of such series.

          “Issue Date” means the first date on which Securities are issued pursuant to this Indenture.

          “Maturity” when used with respect to any Security means the date on which the principal of
such Security becomes due and payable whether at the Stated Maturity or by declaration of
acceleration, call for redemption, pursuant to a sinking fund, notice of option to elect repayment
or otherwise.

          “Officer’s Certificate” means a certificate of the Company signed by its Chairman of the
Board, any one of its Vice Chairmen, the Chief Executive Officer, its President, any one of its
Senior Executive Vice Presidents, any one of its Executive Vice Presidents, any one of its Senior
Vice Presidents, any one of its Vice Presidents, its Treasurer, any one of its Assistant
Treasurers, its Secretary or any one of its Assistant Secretaries, and delivered to the Trustee.
Wherever this Indenture requires that an Officer’s Certificate be signed also by an accountant or
other expert, such accountant or other expert (except as otherwise expressly provided in this
Indenture) may be in the employ of the Company and shall be acceptable to the Trustee.

          “Opinion of Counsel” means a written opinion of the counsel, who may be an employee of or of
counsel to the Company, or other counsel reasonably satisfactory to the Trustee.

          “Original Issue Discount Security” means any Security which (i) is issued at a price lower
than the amount payable upon the Stated Maturity thereof and (ii) provides for an amount less than
the principal amount thereof to be due and payable upon redemption or a declaration of acceleration
of the Stated Maturity thereof pursuant to Section 7.02 hereof.

          “Outstanding” when used with respect to Securities means, as of the date of determination, all
Securities theretofore authenticated and delivered under this Indenture, except:

     (a) Securities theretofore cancelled by the Trustee or delivered to the Trustee for
cancellation;

     (b) Securities or portions thereof for whose payment or redemption money in the
necessary amount has been theretofore deposited with the Trustee or any Paying

4

 

Agent (other than the Company) in trust or set aside and segregated in trust by the
Company (if the Company shall act as its own Paying Agent) for the Holders of such
Securities; provided, however, that, if such Securities or portions thereof are to be
redeemed, notice of such redemption has been duly given pursuant to this Indenture or
provision therefor satisfactory to the Trustee has been made; and

     (c) Securities paid or in exchange for or in lieu of which other Securities have been
authenticated and delivered pursuant to this Indenture unless proof satisfactory to the
Trustee is presented that any such Securities are held by a holder in due course;

provided, however, that in determining whether the Holders of the requisite principal amount of
Securities Outstanding have given any request, demand, authorization, direction, notice, consent or
waiver hereunder, (i) Securities owned by the Company or any other obligor upon the Securities or
any Affiliate of the Company or such other obligor shall be disregarded and deemed not to be
Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any
such request, demand, authorization, direction, notice, consent or waiver, only Securities which
the Trustee knows to be so owned shall be so disregarded (Securities so owned which have been
pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction
of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee
is not the Company or any other obligor upon the Securities or any Affiliate of the Company or such
other obligor), and (ii) the principal amount of an Original Issue Discount Security that shall be
deemed to be outstanding for such purposes shall be the amount of the principal thereof that would
be due and payable as of the date of such determination upon a declaration of acceleration pursuant
to Section 7.02 hereof.

          “Overdue Rate” when used with respect to the Securities of any series means the rate
designated as such, established as contemplated by Section 3.01 for the Securities of such series.

          “Paying Agent” means any Person authorized by the Company to pay the principal of (or premium,
if any) or interest, if any, on any Securities on behalf of the Company.

          “Person” means any individual, corporation, partnership, limited liability company, joint
venture, joint stock company, trust, unincorporated organization or government or any agency or
political subdivision thereof.

          “Permitted Junior Securities” shall mean unsecured debt or equity securities of the Company or
any successor corporation issued pursuant to a plan of reorganization or readjustment of the
Company, as applicable, that are subordinated in right of payment to all then outstanding Senior
Indebtedness of the Company, as applicable, at least to the same extent that the Securities are
subordinated to the payment of all Senior Indebtedness of the Company.

          “Place of Payment” when used with respect to the Securities of any series means the place or
places where the principal of (and premium, if any) and interest, if any, on the Securities of such
series are specified as payable, established as contemplated by Section 3.01 or, if not so
established, specified in Section 12.02.

5

 

          “Predecessor Securities” of any particular Security means every previous Security evidencing
all or a portion of the same debt as that evidenced by such particular Security; and for the
purposes of this definition, any Security authenticated and delivered under Section 3.06 hereof in
lieu of a mutilated, lost, destroyed or stolen Security shall be deemed to evidence the same debt
as the mutilated, lost, destroyed or stolen Security.

          “record date”: See Section 3.08 hereof.

          “Redemption Date” when used with respect to any Security or portion thereof to be redeemed
means the date fixed for such redemption pursuant hereto.

          “Redemption Price” when used with respect to any Security or portion thereof to be redeemed on
any Redemption Date means the price at which it is to be so redeemed, established as contemplated
by Section 3.01 exclusive of interest accrued and unpaid to such Redemption Date.

          “Representative” means the trustee, agent or representative (if any) for an issue of Senior
Indebtedness, as applicable; provided that if, and for so long as, such Senior Indebtedness lacks
such a Representative, then the Representative for such Senior Indebtedness shall at all times
constitute the holder or holders of a majority in outstanding principal amount of obligations under
such Senior Indebtedness.

          “Responsible Officer” when used with respect to the Trustee means any officer of the Trustee
authorized by the Trustee to administer its corporate trust matters.

          “Securities”: See RECITALS OF THE COMPANY herein.

          “Securities Register” and “Securities Registrar”: See Section 3.05 hereof.

          “Senior Indebtedness” with respect to the Company means the principal, premium (if any) and
interest (including interest accruing on or after the filing of any petition in bankruptcy or for
reorganization relating to the Company, whether or not such claim for post-petition interest is
allowed in such proceeding) on and of all indebtedness and obligations (other than the Securities,
but including any debentures, notes or other evidence of indebtedness issued under the Senior
Indenture or Senior Subordinated Indenture) of, or guaranteed or assumed by, the Company that (i)
are for borrowed money, (ii) are evidenced by bonds, debentures, notes or other similar instruments,
(iii) represent obligations to policyholders of insurance or investment contracts, (iv) represent a
reimbursement obligation with respect to a letter of credit, banker’s acceptance or similar
facility, (v) represent our lease obligations that we capitalize
in accordance with generally accepted accounting principles, or (vi) represent the deferred purchase price of property or services, in each case,
whether outstanding on the Issue Date or thereafter created, incurred, assumed or guaranteed, and
all amendments, renewals, extensions, modifications and refundings of such indebtedness and
obligations, unless in any such case the instrument by which such indebtedness or obligations are
created, incurred, assumed or guaranteed by the Company, or are otherwise evidenced, provides that
they are subordinated, or are not superior, in right of payment to the Securities; provided,
however, that Senior Indebtedness shall not include, as applicable:

     (1) any obligation of the Company to any Subsidiary of the Company,

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     (2) any liability for Federal, state, local or other taxes owed or owing by the Company
or any Subsidiary of the Company,

     (3) any accounts payable or other liability to trade creditors (including guarantees
thereof or instruments evidencing such liabilities),

     (4) any obligations with respect to any capital stock of the Company, or

     (5) any indebtedness which by its terms is expressly made equal in rank and payment
with or subordinated to the Securities.

          If any Senior Indebtedness is disallowed, avoided or subordinated pursuant to the provisions
of Section 548 of Title 11 of the United States Code or any applicable state fraudulent conveyance
law, such Senior Indebtedness nevertheless will constitute Senior Indebtedness.

          “Senior Indenture” means an Indenture, dated as of September     , 2006, between the Company
and U.S. Bank National Association, as trustee, as the same may be
amended or supplemented from time to time.

          “Senior Subordinated Indenture” means a Subordinated Indenture, dated as of September     ,
2006, between the Company and U.S. Bank National Association, as trustee, as the same may be
amended or supplemented from time to time.

          “Stated Maturity” when used with respect to any Security or any installment of interest
thereon means the date specified in such Security as the fixed date on which the principal of such
Security or such installment of interest is due and payable.

          “Subsidiary” of any Person means (i) any corporation of which such Person at the time owns or
controls, directly or through an intervening medium, more than fifty per cent (50%) of each class
of outstanding Voting Stock, (ii) any limited liability company, general partnership, joint
venture, joint stock company or similar entity, of which such Person at the time owns or controls,
directly or through an intervening medium, more than fifty per cent (50%) of its outstanding
partnership, membership or similar voting interests, as the case may be and (iii) any limited
partnership of which such Person, directly or through an intervening medium, is a general partner,
and unless otherwise specified shall mean a Subsidiary of the Company.

          “Trustee” means the Person named as the “Trustee” in the first paragraph of this instrument
and, subject to the provisions of Article Eight hereof, shall also include its successors and
assigns as Trustee hereunder. If there shall be at any one time more than one Trustee hereunder,
“Trustee” shall mean each such Trustee and shall apply to each such Trustee only with respect to
the Securities of those series with respect to which it is serving as Trustee.

          “Trust Indenture Act” and “TIA” means the Trust Indenture Act of 1939, as amended and as in
force at the date as of which this instrument was executed, except as provided in Section 11.06
hereof.

          “U.S. Government Obligations” means securities which are (i) direct obligations of the United
States of America for the payment of which its full faith and credit is pledged or (ii)

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obligations of a Person controlled or supervised by and acting as an agency or instrumentality
of the United States of America the payment of which is unconditionally guaranteed as a full faith
and credit obligation by the United States of America, which, in either case, are not callable or
redeemable at the option of the issuer thereof, and which shall also include a depository receipt
issued by a bank or trust company as custodian with respect to any such obligation set forth in (i)
or (ii) above or a specific payment of interest on or principal of any such obligation held by such
custodian for the account of the holder of a depository receipt; provided that (except as required
by law) such custodian is not authorized to make any deduction from the amount payable to the
holder of such depository receipt from any amount received by the custodian in respect of the
obligation evidenced by such depository receipt or the specific payment of interest on or principal
of such obligation.

          “Vice President” when used with respect to the Company means any vice president, whether or
not designated by a number or a word or words added before or after the title “vice president.”

          “Voting Stock” means stock of the class or classes having general voting power under ordinary
circumstances to elect at least a majority of the board of directors, managers or trustees of such
corporation (irrespective of whether or not at the time stock of any other class or classes shall
have or might have voting power by reason of the happening of any contingency).

          Section 1.02 Compliance Certificates and Opinions.

          Upon any application or request by the Company to the Trustee to take any action under any
provision of this Indenture, the Company shall furnish to the Trustee an Officer’s Certificate
stating that all conditions precedent (including any covenant compliance with which constitutes a
condition precedent), if any, provided for in this Indenture relating to the proposed action have
been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such
conditions precedent, if any, have been complied with, except that in the case of any such
application or request as to which the furnishing of such documents is specifically required by any
provision of this Indenture relating to such particular application or request, no additional
certificate or opinion need be furnished.

          Every certificate or opinion with respect to compliance with a condition or covenant provided
for in this Indenture shall include:

     (a) a statement that each individual signing such certificate or opinion has read such
covenant or condition and the definitions herein relating thereto;

     (b) a brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such certificate or opinion are based;

     (c) a statement that, in the opinion of each such individual, he has made such
examination or investigation as is necessary to enable him to express an informed opinion as
to whether or not such covenant or condition has been complied with; and

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     (d) a statement as to whether, in the opinion of each such individual, such condition
or covenant has been complied with.

          Section 1.03 Form of Documents Delivered to Trustee.

          In any case where several matters are required to be certified by, or covered by an opinion
of, any specified Person, it is not necessary that all such matters be certified by, or covered by
the opinion of, only one such Person, or that they be so certified or covered by only one document,
but one such Person may certify or give an opinion with respect to some matters and one or more
other such Persons as to other matters, and any such Person may certify or give an opinion as to
such matters in one or several documents.

          Any certificate or opinion of an officer of the Company may be based, insofar as it relates to
legal matters, upon a certificate or opinion of, or representations by, counsel, unless such
officer knows, or in the exercise of reasonable care should know, that the certificate or opinion
or representations with respect to the matters upon which his certificate or opinion is based are
erroneous. Any such certificate or Opinion of Counsel may be based, insofar as it relates to
factual matters, upon a certificate or opinion of, or representations by, an officer or officers of
the Company stating that the information with respect to such factual matters is in the possession
of the Company, unless such counsel knows, or in the exercise of reasonable care should know, that
the certificate or opinion or representations with respect to such matters are erroneous.

          Any certificate, statement or opinion of an Officer of the Company or of counsel may be based,
insofar as it relates to accounting matters, upon a certificate or opinion of or representations by
an accountant or firm of accountants in the employ of the Company, unless such Officer or counsel,
as the case may be, knows, or in the exercise of reasonable care should know, that the certificate
or opinion or representations with respect to the accounting matters upon which his or her
certificate, statement or opinion is based are erroneous.

          Where any Person is required to make, give or execute two or more applications, requests,
consents, certificates, statements, opinions or other instruments under this Indenture, they may,
but need not, be consolidated to form one instrument.

          Section 1.04 Act of Holders.

     (a) Any request, demand, authorization, direction, notice, consent, waiver or other
action provided by this Indenture to be given or taken by Holders may be embodied in and
evidenced by one or more instruments of substantially similar tenor signed by such Holders
in person or by agent duly appointed in writing; and, except as herein otherwise expressly
provided, such action shall become effective when such instrument or instruments are
delivered to the Trustee, and, where it is hereby expressly required, to the Company. Such
instrument or instruments (and the action embodied therein and evidenced thereby) are herein
sometimes referred to as the “Act” of the Holders signing such instrument or instruments.
Proof of execution of any such instrument or of a writing appointing any such agent shall be
sufficient for any purpose of this Indenture and

9

 

(subject to Section 8.01 hereof) conclusive in favor of the Trustee and the Company, if
made in the manner provided in this Section 1.04.

     (b) The fact and date of the execution by any Person of any such instrument or writing,
or the authority of the Person executing the same, may be proved in any manner that the
Trustee deems sufficient and in accordance with such reasonable requirements as the Trustee
may determine.

     (c) The ownership of Securities of any series shall be proved by the Securities
Register.

     (d) Any request, demand, authorization, direction, notice, consent, waiver or other
action by the Holder of any Security shall bind the Holder of every Security issued upon the
registration of transfer thereof or in exchange therefor or in lieu thereof in respect of
anything done or suffered to be done by the Trustee or the Company or any agent of the
Trustee or the Company in reliance thereon, whether or not notation of such action is made
upon such Security.

     (e) The Company may set a record date for purposes of determining the identity of
Holders entitled to vote or consent or take any other action under this Indenture, which
record date shall not be more than 60 days nor less than 10 days prior to the solicitation
with respect thereto, and only such Holders shall be so entitled.

          Section 1.05 Notices, etc., to Trustee and Company.

          Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or
other document provided or permitted by this Indenture to be made upon, given or furnished to, or
filed with,

     (a) the Trustee by any Holder or by the Company shall be sufficient for every purpose
hereunder if made, given, furnished or filed in writing to or with the Trustee at its
Corporate Trust Office, or

     (b) the Company by the Trustee or by any Holder shall be sufficient for every purpose
hereunder (except as provided in Subsection (d) of Section 7.01 hereof) if in writing and
mailed, first-class postage prepaid, to the Company addressed to it at the address of its
principal office specified in the first paragraph of this instrument or at any other address
previously furnished in writing to the Trustee by the Company.

          Section 1.06 Notice to Holders; Waiver.

          Where this Indenture provides for notice to Holders of any event, such notice shall be
sufficiently given (unless otherwise herein expressly provided) if in writing and mailed,
first-class postage prepaid, to each Holder affected by such event, at his address as it appears in
the Securities Register, not later than the latest date, and not earlier than the earliest date,
prescribed for the giving of such notice. In any case where notice to Holders is given by mail,
neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular
Holder shall affect the sufficiency of such notice with respect to other Holders. Any notice

10

 

mailed in the manner prescribed by this Indenture shall be deemed to have been given whether
or not such Holder receives said notice. Where this Indenture provides for notice in any manner,
such notice may be waived in writing by the Person entitled to receive such notice, either before
or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by
Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the
validity of any action taken in reliance upon such waiver.

          Section 1.07 Immunity of Incorporator, Stockholders, Officers and Directors.

          No recourse shall be had for the payment of the principal of (and premium, if any) or the
interest, if any, on any Security of any series, or for any claim based thereon, or upon any
obligation, covenant or agreement of this Indenture, against any incorporator, stockholder, officer
or director, as such, past, present or future of the Company or of any successor corporation,
either directly or indirectly through the Company or any successor corporation, whether by virtue
of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or
otherwise; it being expressly agreed and understood that this Indenture and all the Securities are
solely corporate obligations, and that no personal liability whatever shall attach to, or is
incurred by, any incorporator, stockholder, officer or director, past, present or future, of the
Company or of any successor corporation, either directly or indirectly through the Company or any
successor corporation, because of the incurring of the indebtedness hereby authorized or under or
by reason of any of the obligations, covenants or agreements contained in this Indenture or in any
of the Securities, or to be implied herefrom or therefrom; and that all such personal liability is
hereby expressly released and waived as a condition of, and as part of the consideration for, the
execution of this Indenture and the issue of the Securities.

          Section 1.08 Conflict with Trust Indenture Act.

          If any provision hereof limits, qualifies or conflicts with any provision deemed to be
included in this Indenture by any of the provisions of the Trust Indenture Act, such
deemed-included provision shall control.

          Section 1.09 Effect of Headings and Table of Contents.

          The Article and Section headings herein and the Table of Contents are for convenience only and
shall not affect the construction hereof.

          Section 1.10 Successors and Assigns.

          All covenants and agreements in this Indenture by the Company shall bind its successors and
assigns, whether so expressed or not.

          Section 1.11 Separability Clause.

          In case any provision in this Indenture or in any Securities shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions hereof or of
any Securities shall not in any way be affected or impaired thereby.

11

 

          Section 1.12 Benefits of Indenture.

          Nothing in this Indenture or in the Securities, expressed or implied, shall give to any
Person, other than the parties hereto and their successors hereunder, and the Holders of the
Securities, any benefit or any legal or equitable right, remedy or claim under this Indenture.

          Section 1.13 Governing Law.

          This Indenture and each Security shall be deemed to be a contract made under the laws of the
State of New York and this Indenture and each Security for all purposes shall be governed by and
construed in accordance with the laws of the State of New York.

          Section 1.14 Cross References.

          All references herein to “Articles” and other subdivisions are to the corresponding Articles
or other subdivisions of this Indenture; and the words “herein” “hereof” “hereby” “hereunder”
“hereinbefore” and “hereinafter” and other words of similar purport refer to this Indenture
generally and not to any particular Article, Section or other subdivision hereof.

          Section 1.15 Counterparts.

          This Indenture may be executed in any number of counterparts, each of which shall be an
original; but such counterparts shall together constitute but one and the same instrument.

          Section 1.16 Legal Holidays.

          In any case where any Interest Payment Date, Redemption Date or Stated Maturity of a Security
of any series is not a Business Day at the relevant Place of Payment with respect to Securities of
such series, then notwithstanding any other provision of this Indenture or the Securities, payment
of interest, if any, or principal and premium, if any, with respect to such Security need not be
made at such Place of Payment on such date but may be made on the next succeeding Business Day at
such Place of Payment with the same force and effect as if made on such Interest Payment Date or
Redemption Date or at the Stated Maturity, and no interest shall accrue on such payment for the
period from and after such Interest Payment Date, Redemption Date or Stated Maturity, as the case
may be.

          Section 1.17 Securities in Foreign Currencies.

          Whenever this Indenture provides for any action by, or any distribution to, Holders of
Securities denominated in Dollars and in any Foreign Currency, in the absence of any provision to
the contrary established as contemplated by Section 3.01 for the Securities of any particular
series, any amount in respect of any Security denominated in a Foreign Currency shall be treated
for any such action or distribution as that amount of Dollars that could be obtained for such
amount on such reasonable basis of exchange and as of such date as the Company may specify in a
Company Order.

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ARTICLE II

SECURITY FORMS

          Section 2.01 Forms Generally.

          The Securities of each series shall be in substantially the forms as shall be established by
or pursuant to Board Resolution or one or more indentures supplemental hereto, in each case with
such appropriate insertions, omissions, substitutions and other variations as are required or
permitted by this Indenture or any indenture supplemental hereto, and may have such letters,
numbers or other marks of identification and such legends or endorsements placed thereon as may be
required to comply with any law or with any rules made pursuant thereto or with any rules of any
securities exchange or as may, consistently herewith, be determined by the officers executing such
Securities, as evidenced by their execution of the Securities.

          The definitive Securities of each series shall be printed, lithographed or engraved or
produced by any combination of these methods on steel engraved borders or may be produced in any
other manner, all as determined by the officers executing such Securities, as evidenced by their
execution of such Securities.

          Section 2.02 Form of Certificate of Authentication.

          The Certificate of Authentication on all Securities shall be in substantially the following
form:

          This is one of the Securities of the series designated herein and referred to in the
within-mentioned Indenture.

	 	 	 	 	 
	 	 	U.S. Bank National Association,
	 	 	as Trustee
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	 	 	           [Authorized Officer]
	 
	 	 	 	 
	 

	 	 	 	          or
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	 	 	          [As Authenticating Agent]
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	 	 	          [Authorized Officer]

          Section 2.03 Securities in Global Form.

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          If any Security of a series is issuable as a Global Security (in whole or in part), such
Global Security may provide that it shall represent the aggregate principal amount of Outstanding
Securities of such series from time to time represented thereby in the records of the Trustee or
endorsed thereon and may also provide that the aggregate principal amount of Outstanding Securities
of such series represented thereby in the records of the Trustee or endorsed thereon may from time
to time be reduced or increased. Any change in the records of the Trustee or any endorsement of a
Global Security to reflect the aggregate principal amount, or any increase or decrease in the
amount, of Outstanding Securities represented thereby shall be made by the Trustee in accordance
with provisions established as contemplated by Section 3.01.

ARTICLE III

THE SECURITIES

          Section 3.01 Amount Unlimited; Issuable in Series.

          The aggregate principal amount of Securities which may be authenticated and delivered under
this Indenture is unlimited.

          The Securities may be issued in one or more series. There shall be established in or pursuant
to a Board Resolution or one or more indentures supplemental hereto, prior to the issuance of any
Securities of any series:

     (a) the title of the Securities of such series (which shall distinguish the Securities
of such series from all other series of Securities);

     (b) any limit upon the aggregate principal amount of the Securities of such series
which may be authenticated and delivered under this Indenture (except for Securities
authenticated and delivered pursuant to Section 3.05, 3.06, 3.07, 4.07, or 11.07 hereof);

     (c) the date or dates, or the method by which such date or dates will be determined or
extended, on which the principal of and premium, if any, on the Securities of such series is
payable;

     (d) the Persons to whom interest on Securities of such series shall be payable, if
other than the Persons in whose names such Securities are registered at the close of
business on the record date for such interest;

     (e) the rate or rates, or the method to be used in determining the rate or rates, at
which the Securities of such series shall bear interest, if any, the date or dates from
which such interest shall accrue or the method by which such date or dates shall be
determined, the Interest Payment Dates on which such interest shall be payable and, if other
than as set forth in Section 3.08 hereof, the record date for the determination of Holders
to whom such interest is payable, and the basis upon which Interest shall be calculated if
other than as set forth in Section 3.11;

14

 

     (f) the circumstances, if any, in which principal, premium, if any, or interest on such
debt security may be deferred;

     (g) the place or places at which (i) the principal of and premium, if any, and
interest, if any, on Securities of such series shall be payable if other than as set forth
in the third sentence of Section 12.02, (ii) registration of transfer of Securities of such
series may be effected, (iii) exchanges of Securities of such series may be effected and
(iv) notice and demands to or upon the Company in respect of the Securities of such series
and this Indenture may be served; and if such is the case, that the principal of such
Securities shall be payable without the presentment or surrender thereof;

     (h) any optional redemption or repayment provisions;

     (i) the price or prices at which, the period or periods within which and the terms and
conditions upon which Securities of such series may be redeemed, in whole or in part, at the
option of the Company, at the option of a Holder or otherwise;

     (j) the obligation, if any, of the Company to redeem, purchase or repay Securities of
such series pursuant to any sinking fund or analogous provisions or at the option of a
Holder thereof and the price or prices at which, the period or periods within which and the
terms and conditions upon which Securities of such series shall be redeemed, purchased or
repaid, in whole or in part, pursuant to such obligation;

     (k) if other than Dollars, the Foreign Currency or Foreign Currencies in which payment
of the principal of and premium, if any, and interest, if any, on the Securities of such
series shall be payable or in which such Securities will be denominated;

     (l) if the principal of and premium, if any, or interest, if any, on the Securities of
such series are to be payable, at the election of the Company or a Holder thereof, in a coin
or currency (including a composite currency) other than that in which such Securities are
stated to be payable, the period or periods within which, and the terms and conditions upon
which, such election may be made;

     (m) if denominated or payable in any coin or currency, including composite currencies,
other than Dollars, or if the terms of the Securities provide that the principal amount
thereof payable at maturity may be more or less than the principal face amount thereof at
original issuance, the method by which the Securities of such series shall be valued, which
may be any reasonable method, against the Securities of all other series for voting, the
giving of any request, demand, authorization, direction, notice, consent or waiver,
distribution and all other purposes hereof and any provisions required for purposes of
applying Sections 6.01 and 6.02 hereof;

     (n) if the amount of payments of principal of and premium, if any, or interest, if any,
on the Securities of such series may be determined with reference to an index, the formula
or other method (which may be based on one or more currencies (including a composite
currency), commodities, equity indices or other indices), and the manner in which such
amounts shall be determined;

15

 

     (o) if other than denominations of $1,000 and any integral multiple thereof, the
denominations in which Securities of such series shall be issuable;

     (p) if other than the principal amount thereof, the portion of the principal amount of
Securities of such series which shall be payable upon declaration of acceleration of the
Maturity thereof pursuant to Section 7.02 hereof or the method by which such portion shall
be determined;

     (q) any addition to, or modification or deletion of, any Event of Default or any
covenant of the Company specified herein with respect to the Securities of such series;

     (r) if other than the rate of interest stated in the title of the Securities of such
series, the applicable Overdue Rate;

     (s) if the Securities of such series do not bear interest, the applicable dates for
purposes of Section 9.01 hereof,

     (t) the inapplicability to the Securities of such series of Section 6.02 relating to
satisfaction, discharge and defeasance of Securities or, if applicable, any modification to
Section 6.02 with respect to the Securities of such series;

     (u) if other than U.S. Bank National Association is to act as Trustee for the
Securities of such series, the name and Corporate Trust Office of such Trustee;

     (v) whether the Securities of such series shall be issued in whole or in part in the
form of a Global Security or Securities and, in such case the terms and conditions, if any,
upon which such Global Security or Securities may be exchanged in whole or in part for other
definitive Securities, the Depositary for such Global Security or Securities (which shall be
a clearing agency registered under the Exchange Act, or any other applicable statute or
regulation, to the extent required thereunder), whether such Global Security shall be
permanent or temporary, any limitations on the rights of the Holder or Holders to transfer
or exchange the same or to obtain the registration of transfer thereof in addition to or in
lieu of those set forth in Section 3.05, any limitations on the rights of the Holder or
Holders thereof to obtain certificates in definitive form, and, the provisions for
determining the aggregate principal amount of Outstanding Securities from time to time
represented thereby and any and all matters incidental to such Global Security or
Securities;

     (w) if the Securities of such series may be converted into or exchanged for other
securities of the Company or any other Persons, the terms and conditions pursuant to which
the Securities of such series may be converted or exchanged;

     (x) if the principal of or premium, if any, or interest, if any, on the Securities of
such series are to be payable, at the election of the Company or a Holder thereof, in
securities or other property, the type and amount of such securities or other property, or
the method by which such amount shall be determined, and the periods within which, and the
terms and conditions upon which, any such election may be made;

16

 

     (y) if the Securities of any such series are to be issued as certificated debt
securities in bearer form, to be issued outside the United States to non-U.S. persons, and,
any and all matters incidental thereto;

     (z) if the Securities of such series are to be issued upon the exercise of a warrant or
right, the time, manner and place for such Securities to be authenticated and delivered; and

     (aa) any other terms of the Securities of such series (which terms shall conform to any
applicable requirements of the TIA, and shall not materially adversely affect the rights of
the Holders of Securities of such series then outstanding).

          All Securities of any one series shall be substantially identical except as to principal
amount and except as may otherwise be established as contemplated by this Section 3.01.

          Section 3.02 Denominations.

          Unless otherwise established as contemplated by Section 3.01, the Securities of each series
shall be issuable only in registered form without coupons in such denominations as shall be
established as contemplated by Section 3.01 or in the absence thereof, in denominations of $1,000
and any integral multiple thereof.

          Section 3.03 Authentication and Dating.

          At any time and from time to time after the execution and delivery of this Indenture, the
Company may deliver Securities of any series executed by the Company to the Trustee for
authentication. Except as otherwise provided in this Article, the Trustee shall thereupon
authenticate and deliver, or cause to be authenticated and delivered, said Securities pursuant to a
Company Order, which shall specify the principal amount, registered holder and delivery
instructions for each such Security. In authenticating (or causing authentication of) such
Securities, and accepting the additional responsibilities under this Indenture in relation to such
Securities, the Trustee shall be entitled to receive, prior to the authentication of such
Securities, and (subject to Sections 8.01 and 8.03 hereof) shall be fully protected in relying
upon:

     (a) a Board Resolution relating thereto and, if applicable, an appropriate record of
any action taken pursuant to such resolution, in each case certified by the Secretary or an
Assistant Secretary of the Company;

     (b) an executed supplemental indenture, if any, relating thereto;

     (c) an Officer’s Certificate setting forth the form and terms of the Securities of such
series as established as contemplated by Sections 2.01 and 3.01 hereof (to the extent not
set forth in the documents delivered pursuant to Subsection 3.03(a) or 3.03(b)) and stating
that all conditions precedent provided for in this Indenture relating to the issuance of
such Securities have been complied with, that no Event of Default with respect to the
Securities of any Series has occurred and is continuing and that the issuance of such
Securities is not and will not result in (i) an Event of Default or an event

17

 

or condition which, upon the giving of notice or the lapse of time or both, would
become an Event of Default or (ii) a default under the provisions of any other instrument or
agreement by which the Company is bound; and

     (d) an Opinion of Counsel stating that the form and terms of such Securities have been
established as contemplated by Sections 2.01 and 3.01 in conformity with the provisions of
this Indenture.

          The Trustee shall have the right to decline to authenticate and deliver, or cause to be
authenticated and delivered, any Securities under this Section 3.03 if the Trustee, being advised
by counsel, determines that such action may not lawfully be taken or if the Trustee in good faith
shall determine that such action would expose the Trustee to personal liability to existing Holders
or would otherwise adversely affect its rights, duties, obligations or immunities hereunder.

          Unless otherwise provided in the form of Securities of any particular series, each Security
shall be dated the date of its authentication.

          Section 3.04 Execution of Securities.

          The Securities shall be signed in the name and on behalf of the Company by the manual or
facsimile signatures of its Chairman of the Board, Chief Executive Officer, its President, any one
of its Senior Executive Vice Presidents, any one of its Executive Vice Presidents, any one of its
Senior Vice Presidents or any one of its Vice Presidents, under its corporate seal (which may be
printed, engraved or otherwise reproduced thereon, by facsimile or otherwise) and attested to by
its Secretary or any one of its Assistant Secretaries, whose signatures may be manual or facsimile.
Only such Securities as shall bear thereon a certificate of authentication substantially in the
form hereinbefore recited, executed by or on behalf of the Trustee by manual signature, shall be
entitled to the benefits of this Indenture or be valid or obligatory for any purpose. Such
certificate by or on behalf of the Trustee upon any Security executed by the Company shall be
conclusive evidence that the Security so authenticated has been duly authenticated and delivered
hereunder and that the Holder is entitled to the benefits of this Indenture.

          In case any officer of the Company who shall have signed any of the Securities shall cease to
be such officer before the Securities so signed shall have been authenticated and delivered by or
on behalf of the Trustee, or disposed of by the Company, such Securities nevertheless may be
authenticated and delivered or disposed of as though the person who signed such Securities had not
ceased to be such officer of the Company; and any Security may be signed on behalf of the Company
by such persons as, at the actual date of the execution of such Security, shall be the proper
officers of the Company, although at the date of the execution of this Indenture any such person
was not such an officer.

          Section 3.05 Exchange and Registration of Transfer of Securities.

          Securities of any series (except for Global Securities, which may only be exchanged in limited
circumstances described below) may be exchanged for a like aggregate principal amount of Securities
of the same series of other authorized denominations. Unless

18

 

otherwise established as contemplated
by Section 3.01, Securities to be exchanged shall be surrendered at any of the offices or agencies
of the Company maintained as provided in Section 12.02 hereof for such purpose, and the Company
shall execute and register, or cause to be registered, and the Trustee shall authenticate and
deliver, or cause to be authenticated and delivered, in exchange therefor the Security or
Securities which the Holder making such exchange shall be entitled to receive.

          Unless otherwise established as contemplated by Section 3.01, the Company shall keep at the
office or agency in the same city in which the Corporate Trust Office of the Trustee is located, a
register for the Securities of each series issued hereunder (the register maintained at such office
or agency and at any other office or agency of the Company in a Place of Payment being herein
collectively referred to as the “Securities Register”) in which, subject to such reasonable
regulations as it may prescribe, the Company shall provide for the registration of Securities of
such series and registration of transfer of such Securities as provided in this Article. Such
Securities Register shall be in written form or in any other form capable of being converted into
written form within a reasonable time. The Trustee is hereby initially appointed “Securities
Registrar” for the purpose of registering Securities and registering transfers of Securities as
herein provided. Upon due presentment for registration of transfer of any Security of any series at
any of the offices or agencies of the Company maintained as provided in Section 12.02 hereof for
such purpose, the Company shall execute and register, or cause to be registered, and the Trustee
shall authenticate and deliver, or cause to be authenticated and delivered, in the name of the
transferee or transferees a new Security or Securities of the same series in authorized
denominations for an equal aggregate principal amount.

          Every Security issued upon registration of transfer or exchange of Securities pursuant to this
Section 3.05 shall be the valid obligation of the Company, evidencing the same debt, and entitled
to the same benefits under this Indenture, as the Security or Securities surrendered upon
registration of such transfer or exchange.

          All Securities presented for registration of transfer or for exchange, redemption or payment
shall (if so required by the Company, the Trustee or the Securities Registrar) be duly endorsed by,
or be accompanied by, a written instrument or instruments of transfer in form satisfactory to the
Company, the Trustee and the Securities Registrar duly executed by the Holder thereof or his
attorney duly authorized in writing.

          No service charge shall be made for any registration of transfer or exchange of Securities,
but the Company may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with any registration of transfer or exchange of
Securities, other than exchanges pursuant to Section 3.07, 4.07 or 11.07 hereof not involving any
transfer.

          The Company shall not be required (a) to issue, register the transfer of or exchange any
Security of any series during a period beginning at the opening of business 15 days before the day
of the mailing of a notice of redemption of Securities of such series and ending at
the close of business on the day of such mailing or (b) to register the transfer of or
exchange any Security selected for redemption in whole or in part, except, in the case of any
Security to be redeemed in part, the portion thereof not to be redeemed.

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          Each Global Security authenticated under this Indenture shall be registered in the name of the
Depositary designated for such Global Security or a nominee thereof and delivered to such
Depositary or a custodian therefor, and each such Global Security shall constitute a single
Security for all purposes of this Indenture. Notwithstanding the foregoing and except as otherwise
specified as contemplated by Section 3.01, no Global Security shall be registered for transfer or
exchange, or authenticated or delivered, pursuant to this Section 3.05 or Sections 3.06, 3.07, 4.07
or 11.07 in the name of a Person other than the Depositary for such Security or its nominee until
(i) the Depositary with respect to a Global Security notifies the Company in writing that it is
unwilling or unable to continue as Depositary for such Global Security or the Depositary ceases to
be a clearing agency registered under the Exchange Act or other applicable statute or regulation if
required thereunder, and the Company notifies the Trustee that it is unable to locate a qualified
successor Depositary, (ii) the Company executes and delivers to the Trustee a Company Order that
such Global Security shall be so transferable and exchangeable or (iii) there shall have occurred
and be continuing an Event of Default with respect to the Securities of such Series. Upon the
occurrence in respect of any Global Security of any series of any one or more of the conditions
specified in clauses (i), (ii) or (iii) of the preceding sentence or such other conditions as may
be specified as contemplated by Section 3.01 for such series, such Global Security may be
registered for transfer or exchange for Securities registered in the names of, or authenticated and
delivered to, such Persons as the Depositary with respect to such series shall instruct the Trustee
in writing. The Trustee, upon receipt of such instruction, will authenticate and deliver Securities
of such series of like tenor and terms in definitive form in an aggregate principal amount equal to
the principal amount of the Global Security or Securities representing such series in exchange for
such Global Security or Securities.

          Except as provided in the preceding paragraph, any Security authenticated and delivered upon
registration of transfer of, or in exchange for, or in lieu of, any Global Security or any portion
thereof, whether pursuant to this Section 3.05, Section 3.06, 3.07, 4.07 or 11.07 or otherwise,
shall also be a Global Security. Notwithstanding any other provision of this Indenture, a Global
Security may not be transferred except as a whole by the Depositary for such Global Security to a
nominee of such Depositary or to another Depositary or a nominee thereof or by a nominee of such
Depositary to such Depositary or another nominee of such Depositary or to another Depositary or a
nominee thereof.

          Upon such terms established as contemplated by Section 3.01 with respect to the Securities of
any series, the Depositary for the Securities of such series may surrender a Global Security for
such series in exchange in whole or in part for Securities of such series of like tenor and terms
and in definitive form. Thereupon the Company shall execute, and the Trustee upon receipt of a
Company Order shall authenticate and deliver, without service charge, (i) to the Depositary or to
each Person specified by such Depositary a new Security or Securities of the same series, of like
tenor and terms in definitive form and of any authorized denomination as requested by such Person
in aggregate principal amount equal to and in exchange for such Person’s beneficial interest in the
Global Security, and (ii) to such Depositary a new Global Security of like tenor and terms and in a
principal amount equal to the difference, if any, between
the principal amount of the surrendered Global Security and the aggregate principal amount of
Securities delivered pursuant to clause (i).

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          Upon the exchange of a Global Security for Securities in definitive form, such Global Security
shall be cancelled by the Trustee. Definitive Securities issued in exchange for a Global Security
pursuant to this Section shall either be in global form, established as contemplated by Sections
2.01 and 3.01, or shall be registered in such names and in such authorized denominations and
delivered to the Depositary or to such Persons at such addresses as the Depositary for such Global
Security, pursuant to instructions from its direct or indirect participants or otherwise, shall
instruct the Trustee in writing.

          Section 3.06 Mutilated, Destroyed, Lost or Stolen Securities.

          In case any temporary or definitive Security of any series shall become mutilated or be
destroyed, lost or stolen, and in the absence of notice to the Company or the Trustee that such
Security has been acquired by a bona fide purchaser, the Company in the case of a mutilated
Security shall, and in the case of a lost, stolen or destroyed Security may in its discretion,
execute, and upon a Company Request the Trustee shall authenticate and deliver, or cause to be
authenticated and delivered, a new Security of the same series bearing a number, letter or other
distinguishing symbol not contemporaneously outstanding, in exchange and substitution for the
mutilated Security, or in lieu of and in substitution for the Security so destroyed, lost or
stolen, or if any such Security shall have become due and payable or shall be about to become due
and payable, instead of issuing a substituted Security, the Company may pay or authorize the
payment of the same without surrender thereof (except in the case of a mutilated Security). In
every case the applicant for a substituted Security shall furnish to the Company and to the Trustee
such security or indemnity as may be required by them to save each of them harmless, and, in every
case of destruction, loss or theft, the applicant shall also furnish to the Company and to the
Trustee evidence to their satisfaction of the destruction, loss or theft of such Security and of
the ownership thereof.

          Upon the issuance of any substituted Security under this Section 3.06, the Company may require
the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed
in relation thereto and any other expenses (including the fees and expenses of the Trustee and any
Authenticating Agent) connected therewith.

          Every substituted Security of any series issued pursuant to the provisions of this Section
3.06 by virtue of the fact that any Security of such series is destroyed, lost or stolen shall
constitute an additional contractual obligation of the Company, whether or not the destroyed, lost
or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the
benefits of this Indenture equally and proportionately with any and all other Securities of that
series duly issued hereunder. All Securities shall be held and owned upon the express condition
that the foregoing provisions of this Section 3.06 are exclusive with respect to the replacement or
payment of mutilated, destroyed, lost or stolen Securities and shall preclude (to the extent
lawful) any and all other rights or remedies with respect to the replacement or payment of
negotiable instruments or other securities without their surrender.

          Section 3.07 Temporary Securities.

          Pending the preparation of definitive Securities of any series the Company may execute and the
Trustee shall authenticate and deliver, or cause to be authenticated and delivered,

21

 

temporary
Securities of such series (printed, lithographed, typewritten, mimeographed or otherwise produced).
Temporary Securities shall be issuable in any authorized denomination and substantially in the form
of the definitive Securities in lieu of which they are issued but with such omissions, insertions
and variations as may be appropriate for temporary Securities, all as may be determined by the
Company with the concurrence of the Trustee. Every such temporary Security shall be executed by the
Company and shall be authenticated by or on behalf of Trustee upon the same conditions and in
substantially the same manner, and with the same effect, as the definitive Securities in lieu of
which they are issued. Without unreasonable delay the Company will execute and deliver to the
Trustee definitive Securities of such series and thereupon any or all temporary Securities of such
series may be surrendered in exchange therefor, at any of the offices or agencies of the Company
maintained as provided in Section 12.02 hereof for such purpose, and the Trustee shall authenticate
and deliver, or cause to be authenticated and delivered, in exchange for such temporary Securities
an equal aggregate principal amount of definitive Securities of such series. Such exchange shall be
made by the Company at its own expense and without any charge therefor except that in case of any
such exchange involving any registration of transfer the Company may require payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in relation thereto.
Until so exchanged, the temporary Securities of any series shall in all respects be entitled to the
same benefits under this Indenture as definitive Securities of such series authenticated and
delivered hereunder. Notwithstanding the foregoing provisions of this Section 3.07, Global
Securities may remain in temporary form and, unless otherwise established as contemplated by
Section 3.01, shall not be exchangeable for definitive Global Securities.

          Section 3.08 Payment of Interest; Interest Rights Preserved.

          The Holder at the close of business on any record date with respect to any Interest Payment
Date shall be entitled to receive the interest, if any, payable on such Interest Payment Date
notwithstanding the cancellation of such Securities upon any transfer or exchange subsequent to the
record date and prior to such Interest Payment Date. Except as otherwise established as
contemplated by Section 3.01 for Securities of a particular series, the term “record date” as used
in this Section 3.08 with respect to any Interest Payment Date, shall mean the last day of the
calendar month preceding such Interest Payment Date if such Interest Payment Date is the fifteenth
day of the calendar month, and shall mean the fifteenth day of the calendar month preceding such
Interest Payment Date if such Interest Payment Date is the first day of the calendar month, whether
or not such day shall be a Business Day.

          If and to the extent the Company shall default in the payment of the interest due on such
Interest Payment Date, such defaulted interest (herein called “Defaulted Interest”) shall forthwith
cease to be payable to the registered Holder on such record date by virtue of having
been such Holder; and such Defaulted Interest shall be paid by the Company, at its election in
each case, as provided in clause (a) or (b) below:

     (a) The Company may make payment of any Defaulted Interest to the Holders entitled
thereto at the close of business on a subsequent record date established in the following
manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest
proposed to be paid on each applicable Security and the date of the proposed payment, and at
the same time the Company shall deposit with the Trustee an

22

 

amount of money equal to the
aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make
arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed
payment, such money when deposited to be held in trust for the benefit of the Holders
entitled to such Defaulted Interest as in this clause (a) provided. Thereupon the Trustee
shall fix a record date for the payment of such Defaulted Interest which shall not be more
than 15 days and not less than 10 days prior to the date of the proposed payment and not
less than 10 days after the receipt by the Trustee of the notice of the proposed payment.
The Trustee shall promptly notify the Company of such record date and, in the name and at
the expense of the Company, shall cause notice of the proposed payment of such Defaulted
Interest and the record date therefor to be mailed, first-class postage prepaid, to each
Holder entitled thereto at his address as it appears on the Securities Register, not less
than 10 days prior to such record date. Notice of the proposed payment of such Defaulted
Interest and the record date therefor having been mailed as aforesaid, such Defaulted
Interest shall be paid to the Holders of applicable Securities at the close of business on
such record date (notwithstanding the cancellation of such Securities upon any transfer or
exchange subsequent to such record date and prior to such payment) and shall no longer be
payable pursuant to the following clause (b).

     (b) The Company may make payment of any Defaulted Interest on the Securities of any
series in any other lawful manner not inconsistent with the requirements of any securities
exchange on which the Securities of such series may be listed, and upon such notice as may
be required by such exchange, if, after notice given by the Company to the Trustee of the
proposed payment pursuant to this clause (b), such manner of payment shall be deemed
practicable by the Trustee. Subject to the foregoing provisions of this Section 3.08, each
Security delivered under this Indenture upon registration of transfer of or in exchange for
or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and
to accrue, which were carried by such other Security.

          Section 3.09 Persons Deemed Owners.

          Prior to the due presentment for registration of transfer, the Company, the Trustee and any
agent of the Company or the Trustee may treat the Person in whose name any Security is registered
as the owner of such Security for the purpose of receiving payment of principal of and premium, if
any and (subject to Section 3.08 hereof) interest, if any, on such Security and for all other
purposes whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee
nor any agent of the Company or the Trustee shall be affected by notice to the contrary.

          None of the Company, the Trustee, any Paying Agent or the Securities Registrar shall have any
responsibility or liability for any aspect of the records relating to or payments made on account
of beneficial ownership interests in a Global Security or for maintaining, supervising or reviewing
any records relating to such beneficial ownership interests and they shall be protected in acting
or refraining from acting on any such information provided by the Depositary.

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          Section 3.10 Cancellation.

          All Securities surrendered for the purpose of payment, redemption, exchange or registration of
transfer or for credit against any sinking fund shall, if surrendered to the Company or any Paying
Agent or any Securities Registrar, be surrendered to the Trustee and promptly cancelled by it, or,
if surrendered to the Trustee, shall be promptly cancelled by it, and no Securities shall be issued
in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The
Trustee shall destroy cancelled Securities and deliver a certificate of such destruction to the
Company unless, by a Company Order, the Company directs that such cancelled Securities be returned
to it. If the Company shall acquire any of the Securities, however, such acquisition shall not
operate as a redemption or satisfaction of the indebtedness represented by such Securities unless
and until the same are surrendered to the Trustee for cancellation.

          Section 3.11 Computation of Interest.

          Except as otherwise established as contemplated by Section 3.01 hereof for Securities of any
series, interest on the Securities shall be computed on the basis of a 360-day year of twelve
30-day months.

ARTICLE IV

REDEMPTION OF SECURITIES

          Section 4.01 Applicability of Article.

          The provisions of this Article shall be applicable to all Securities which are redeemable
before their Stated Maturity except as otherwise established as contemplated by Section 3.01 hereof
for Securities of any series.

          Section 4.02 Election to Redeem; Notice to Trustee.

          The election of the Company to redeem any Securities of any series shall be evidenced by or
pursuant to a Board Resolution. In case of any redemption at the election of the Company of less
than all of the Securities of a series, the Company shall, at least 60 days prior to the Redemption
Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee) deliver to
the Trustee an Officer’s Certificate setting forth such Redemption Date and the principal amount of
Securities of such series to be redeemed and stating that no default in payment of interest or
Event of Default has occurred and is continuing with respect to the Securities of such series.

          Section 4.03 Selection by Trustee of Securities to Be Redeemed.

          If less than all the Securities of any series are to be redeemed, the particular Securities of
such series to be redeemed shall be selected not more than 60 days prior to the Redemption Date by
the Trustee, from the Outstanding Securities of such series not previously called for redemption,
by such method as the Trustee shall deem fair and appropriate (which is in compliance with the
requirements of any national securities exchange on which such Securities are listed) and which may
provide for the selection for redemption of portions (equal to the minimum authorized denomination
for Securities of such series or any integral multiple thereof)

24

 

of the principal of Securities of a
denomination greater than the minimum authorized denomination for Securities of such series.

          The Trustee shall promptly notify the Company in writing of the Securities selected for
redemption and, in the case of any Security selected for partial redemption, the principal amount
thereof to be redeemed.

          For all purposes of this Indenture, unless the context otherwise requires, all provisions
relating to the redemption of Securities shall relate, in the case of any Security redeemed or to
be redeemed only in part, to the portion of the principal amount of such Security which has been or
is to be redeemed, whether or not such provisions so provide.

          Section 4.04 Notice of Redemption.

          Notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than
30 nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be redeemed,
at his address appearing in the Securities Register. Neither the failure to mail such notice, nor
any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such
notice with respect to other Holders.

          All notices of redemption shall state:

     (a) the Redemption Date,

     (b) the Redemption Price, and accrued interest, if any,

     (c) if less than all Outstanding Securities of any series are to be redeemed, the
identification (and, in the case of partial redemption, the respective principal amounts) of
the Securities of such series to be redeemed,

     (d) that on the Redemption Date the Redemption Price, together with accrued interest,
if any, to the Redemption Date, will become due and payable upon each such Security, and
that interest thereon shall cease to accrue from and after said date,

     (e) the place where such Securities are to be surrendered for payment of the Redemption
Price, and accrued interest, if any, and

     (f) that the redemption is for a sinking fund, if that be the case.

          Notice of redemption of the Securities to be redeemed at the election of the Company shall be
given by the Company or, at the Company’s request made at least 35 days period to the redemption
date, by the Trustee in the name and at the expense of the Company upon Trustee’s receipt from the
Company of the form of such notice containing the information required under Section 4.04 above.

25

 

          Section 4.05 Deposit of Redemption Price.

          On or before any Redemption Date, the Company shall deposit with the Trustee or with a Paying
Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as
provided in Section 12.03 hereof) an amount of money sufficient to pay the Redemption Price of, and
accrued interest, if any, on, all the Securities or portions thereof which are to be redeemed on
that date.

          Section 4.06 Securities Payable on Redemption Date.

          Notice of redemption having been given as aforesaid, the Securities or portions thereof so to
be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price thereof
together with accrued interest, if any, thereon to the Redemption Date, and from and after such
date (unless the Company shall default in the payment of the Redemption Price and such accrued
interest, if any) such Securities or portions thereof shall cease to bear interest. Upon surrender
of such Securities for redemption in accordance with said notice such Securities or specified
portions thereof shall be paid by the Company at the Redemption Price, together with any accrued
interest to the Redemption Date. Installments of interest whose Stated Maturity is on or prior to
the Redemption Date shall be payable to the Holders of such Securities registered as such on the
relevant record dates according to their terms and the provisions of Section 3.08 hereof.

          If any Security called for redemption shall not be so paid upon surrender thereof on such
Redemption Date, the principal and premium, if any, shall, until paid, bear interest from the
Redemption Date at the rate borne by the Security.

          Section 4.07 Securities Redeemed in Part.

          Security of any series which is to be redeemed only in part shall be surrendered at the Place
of Payment (with, if the Company or the Trustee so requires, due endorsement by, or a written
instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the
Holder thereof or his attorney duly authorized in writing) and the Company shall execute and the
Trustee shall authenticate and deliver, or cause to be authenticated and delivered, to the Holder
of such Security without service charge, a new Security or Securities of the same series of any
authorized denomination as requested by such Holder in aggregate principal amount equal to and in
exchange for the unredeemed portion of the principal amount of the Security so surrendered.

ARTICLE V

SINKING FUNDS

          Section 5.01 Applicability of Article.

          The provisions of this Article shall be applicable to any sinking fund for the retirement of
Securities except as otherwise established as contemplated by Section 3.01 for Securities of any
series.

          The minimum amount of any sinking fund payment established as contemplated by Section 3.01 for
Securities of any series is herein referred to as a “mandatory sinking fund

26

 

payment,” and any
permitted payment in excess of such minimum amount established as contemplated by Section 3.01 for
Securities of any series is herein referred to as an “optional sinking fund payment.”

          Section 5.02 Satisfaction of Mandatory Sinking Fund Payments with Securities.

          In lieu of making all or any part of any mandatory sinking fund payment with respect to any
Securities of a series in cash, the Company may at its option (a) deliver to the Trustee Securities
of that series theretofore purchased or otherwise acquired by the Company, or (b) receive credit
for the principal amount of Securities of that series which have been redeemed either at the
election of the Company pursuant to the terms of such Securities or through the application of
permitted optional sinking fund payments pursuant to the terms of such Securities; provided that
such Securities have not been previously so credited. Such Securities shall be received and
credited for such purpose by the Trustee at the Redemption Price specified in such Securities for
redemption through operation of the sinking fund and the amount of such mandatory sinking fund
payment shall be reduced accordingly.

          Section 5.03 Redemption of Securities for Sinking Fund.

          Not less than 60 days prior to each sinking fund payment date for the Securities of any
series, the Company will deliver to the Trustee a certificate signed by the Treasurer or any
Assistant Treasurer of the Company specifying the amount of such next ensuing mandatory sinking
fund payment, the portion thereof, if any, which is to be satisfied by payment of cash and the
portion thereof, if any, which is to be satisfied by delivering and crediting Securities of such
series pursuant to Section 5.02 (which Securities will accompany such certificate) and whether the
Company intends to make any permitted optional sinking fund payment in connection therewith. Such
certificate shall also state that no Event of Default has occurred and is continuing with respect
to Securities of such series. Such certificate shall be irrevocable and upon its delivery the
Company shall be obligated to make the cash payment or payments therein referred to, if any, on or
before the next succeeding sinking fund payment date. In the case of the failure of the Company to
deliver such certificate when due (or to deliver the Securities specified in this Section 5.03) the
sinking fund payment due on the next succeeding sinking fund payment date for Securities of that
series shall be paid entirely in cash and shall be sufficient to redeem the principal amount of
such Securities subject to a mandatory sinking fund payment without the option to deliver or credit
Securities as provided in Section 5.02 and without the right to make any optional sinking fund
payment, in connection therewith.

          Any sinking fund payment or payments (mandatory or optional) with respect to the Securities of
any particular series made in cash plus any unused balance of any preceding sinking fund payments
with respect to Securities of such series made in cash which shall equal or exceed $100,000 or the
equivalent thereof in the Foreign Currency in which such series is denominated (or a lesser sum if
the Company shall so request) shall be applied by the Trustee on the sinking fund payment date on
which such payment is made (or, if such payment is made before a sinking fund payment date, on the
sinking fund payment date following the date of such payment) to the redemption of such Securities
at the Redemption Price specified in such Securities for operation of the sinking fund together
with accrued interest, if any, to the date fixed for redemption. Any sinking fund moneys not so
applied or allocated by the Trustee to the

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redemption of such Securities shall be added to the next
cash sinking fund payment received by the Trustee for Securities of such series and, together with
such payment, shall be applied in accordance with the provisions of this Section 5.03. Any and all
sinking fund moneys with respect to the Securities of any particular series held by the Trustee on
the last sinking fund payment date with respect to Securities of such series and not held for the
payment or redemption of particular Securities shall be applied by the Trustee, together with other
moneys, if necessary, to be deposited sufficient for the purpose, to the payment of the principal
of the Securities of such series at Maturity.

          The Trustee shall select the Securities to be redeemed upon such sinking fund payment date in
the manner specified in the first paragraph of Section 4.03 hereof and the Company shall cause
notice of the redemption thereof to be given in the manner provided in Section 4.04 hereof. Such
notice having been duly given, the redemption of such Securities shall be made upon the terms and
in the manner stated in Sections 4.06 and 4.07 hereof.

          On or before any sinking fund payment date, the Company shall deposit with the Trustee an
amount of money sufficient to pay any interest accrued to the Redemption Date for Securities or
portions thereof to be redeemed on such sinking fund payment date pursuant to this Section 5.03.

          The Trustee shall not redeem any Securities of any series with sinking fund moneys or mail any
notice of redemption of Securities of such series by operation of the sinking fund therefor during
the continuance of a default in payment of interest on Securities of such series or of any Event of
Default (other than an Event of Default occurring as a consequence of this paragraph) with respect
to Securities of such series, except that if the notice of redemption of any Securities of such
series shall theretofore have been mailed in accordance with the provisions hereof, the Trustee
shall redeem such Securities if cash sufficient for that purpose shall be deposited with the
Trustee for that purpose in accordance with the terms of this Article. Except as aforesaid, any
moneys in the sinking fund for Securities of such series at the time when any such default or Event
of Default shall occur and any moneys thereafter paid into such sinking fund shall, during the
continuance of such default or Event of Default, be held as security for the payment of such
Securities; provided, however, that in case such Event of Default or default shall have been cured
or waived as, provided herein, such moneys shall thereafter be applied on the next sinking fund
payment date for such Securities on which such moneys may be applied pursuant to the provisions of
this Section 5.03.

ARTICLE VI

SATISFACTION AND DISCHARGE

          Section 6.01 Satisfaction and Discharge of Indenture.

          This Indenture shall cease to be of further effect with respect to the Securities of any
series (except as to the rights of Holders of Outstanding Securities of such series to receive,
from the trust funds described in paragraph (a) of this Section 6.01, payment of the principal of,
premium, if any, and interest, if any, on such Outstanding Securities on the Stated Maturity of
such principal, premium, if any, or installment of interest, if any, the Company’s obligations with

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respect to such Outstanding Securities of such series under Sections 3.05, 3.06, 6.05 and 12.02 as
may be applicable to Outstanding Securities of such series, and the rights, powers, trusts, duties,
indemnities and immunities of the Trustee hereunder), and the Trustee for the Securities of such
series, on demand of and at the expense of the Company, shall execute proper instruments
acknowledging satisfaction and discharge of this Indenture with respect to the Securities of such
series, when

     (a) either

     (i) all the Securities of such series theretofore authenticated and
delivered (other than (A) Securities of such series which have been
destroyed, lost or stolen and which have been replaced or paid as provided
in Section 3.06 hereof and (B) Securities of such series for whose payment
money has theretofore been deposited with the Trustee or the Paying
Agent for the Securities of such series in trust or segregated and held in
trust by the Company and thereafter repaid to the Company or discharged from
such trust, as provided in Section 6.05 hereof) have been delivered to such
Trustee for cancellation; or

     (ii) all Securities of such series not theretofore delivered to such
Trustee for cancellation

     (A) have become due and payable, or

     (B) will become due and payable at their Stated Maturity within
one year, or

     (C) are to be called for redemption within one year under
arrangements satisfactory to such Trustee for the giving of notice
of redemption by such Trustee in the name, and at the expense, of
the Company,

and the Company has deposited or caused to be deposited with such Trustee irrevocably as
trust funds in trust, specifically pledged as security for, and dedicated solely to, the
benefit of the Holders of all Outstanding Securities of such series, with reference to this
Section 6.01, (i) money in an amount in the currency in which the Securities of such series
are denominated or (ii) U.S. Government Obligations in the case of Securities denominated in
Dollars or obligations issued or guaranteed by the government which issued the currency in
which the Securities of such series are denominated in the case of Securities denominated in
Foreign Currencies, which through the payment of interest and principal in respect thereof
in accordance with their terms will provide, not later than the opening of business on the
due date of any payment referred to below, money in an amount in the currency in which the
Securities of such series are denominated, or (iii) a combination thereof, sufficient, in
the opinion of a nationally recognized firm of independent public accountants expressed in a
written certification thereof delivered to the Trustee, to pay and discharge the entire
indebtedness on all Outstanding Securities of such series not theretofore delivered to such
Trustee for cancellation, for principal (and

29

 

premium, if any) and interest, if any, to the
date of such deposit (in the case of Securities of such series which have become due and
payable), or to the Stated Maturity or Redemption Date, as the case may be;

     (b) the Company has paid or caused to be paid all other sums payable hereunder by the
Company in connection with Outstanding Securities of such series, including all fees and
expenses of the Trustee for such series; and

     (c) the Company has delivered to such Trustee an Officer’s Certificate and an Opinion
of Counsel each stating that all conditions precedent herein provided for relating to the
satisfaction and discharge of this Indenture have been complied with.

          Notwithstanding the satisfaction and discharge of this Indenture with respect to the
Securities of any series, the obligations of the Company with respect to Securities of any
other series and to the Trustee for the Securities of such series under Section 8.07 hereof
shall survive.

          Section 6.02 Satisfaction, Discharge and Defeasance of Securities of any Series.

          Unless otherwise established, as contemplated by Section 3.01, with respect to Securities of
any series, the Company shall, notwithstanding Section 6.01, be deemed to have paid and discharged
the entire indebtedness on all the Outstanding Securities of any such series from and after the
ninety-first day after the date of the deposit referred to in paragraph (a) below, the provisions
of this Indenture (except as to the rights of Holders of Outstanding Securities of such series to
receive, from the trust funds described in paragraph (a) below, payment of the principal of,
premium, if any, and interest, if any, on such Outstanding Securities on the Stated Maturity of
such principal, premium, if any, or installment of interest, if any, the Company’s obligations with
respect to such Outstanding Securities of such series under Sections 3.05, 3.06, 6.05 and 12.02 as
may be applicable to Outstanding Securities of such series, and the rights, powers, trusts, duties,
indemnities and immunities of the Trustee hereunder) shall no longer be in effect in respect of
Outstanding Securities of such series, and the Trustee, at the expense of the Company, shall
execute proper instruments acknowledging satisfaction and discharge of such indebtedness; provided
that the following conditions shall have been satisfied:

     (a) the Company is permitted pursuant to Article Thirteen to deposit or cause to be
deposited and has deposited or caused to be deposited with the Trustee irrevocably as trust
funds in trust, specifically pledged as security for, and dedicated solely to, the benefit
of the Holders of all Outstanding Securities of such series, with reference to this Section
6.02, (i) money in an amount in the currency in which the Securities of such series are
denominated or (ii) U.S. Government Obligations in the case of Securities denominated in
Dollars or obligations issued or guaranteed by the government which issued the currency in
which the Securities are denominated in the case of Securities denominated in Foreign
Currencies, which through the payment of interest and principal in respect thereof in
accordance with their terms will provide, not later than the opening of business on the due
date of any payment referred to in this paragraph (a), money in an amount in the currency in
which the Securities of such series are denominated, or (iii) a combination thereof,
sufficient, in the opinion of a nationally recognized firm of

30

 

independent public accountants expressed in a written certification thereof delivered
to the Trustee, to pay and discharge the entire indebtedness on all Outstanding Securities
of such series for principal, premium, if any, and interest, if any, to the Stated Maturity
as such principal, premium, if any, or interest, if any, becomes due and payable in
accordance with the term of this Indenture and the Securities of such series;

     (b) the Company has paid or caused to be paid all other sums payable hereunder by the
Company in connection with the Outstanding Securities of such series, including all fees and
expenses of the Trustee for such series; and

     (c) the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of
Counsel, each stating that all conditions precedent herein provided for relating to the
satisfaction and discharge of the entire indebtedness on all Outstanding Securities of such
series have been complied with.

     Section 6.03 Application of Trust Money.

     (a) Subject to the provisions of Section 6.05, all money, U.S. Government Obligations
and other government obligations deposited with the Trustee for the Securities of any series
pursuant to Section 6.01 or 6.02, and all money received by the Trustee in respect of U.S.
Government Obligations and such other government obligations deposited with the Trustee for
the Securities of any series pursuant to Section 6.01 or 6.02 shall be held in trust and
applied by it, in accordance with the provisions of the Securities of such series and this
Indenture, to the payment, either directly or through any Paying Agent (including the
Company acting as its own Paying Agent) as the Trustee may determine, to the Persons
entitled thereto, of the principal of, premium, if any, and interest, if any, on the
Securities of such series; but such money need not be segregated from other funds except to
the extent required by law and the Trustee shall have no liability to pay interest thereon
or for the investment thereof. Money and securities so held in trust are not subject to
Article Thirteen.

     (b) The Trustee shall deliver or pay to the Company from time to time upon Company
request any U.S. Government Obligations, other government obligations or money held by it as
provided in Sections 6.01 and 6.02 which, in the opinion of a nationally recognized firm of
independent public accountants expressed in a written certification thereof delivered to the
Trustee, are then in excess of the amount thereof which then would have been required to be
deposited for the purpose for which such U.S. Government Obligations, other government
obligations or money were deposited or received.

     Section 6.04 Paying Agent to Repay Moneys Held.

          Upon the satisfaction and discharge of this Indenture all moneys then held by any Paying Agent
under the provisions of this Indenture shall, upon demand of the Company, be repaid to it or paid
to the appropriate Trustee, and thereupon such Paying Agent shall be released from all further
liability with respect to such moneys.

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     Section 6.05 Return of Unclaimed Moneys.

          Any moneys deposited with or paid to the Trustee or any Paying Agent for the Securities of any
series pursuant to this Article, or then held by the Company, in trust for the payment of the
principal of and premium, if any, or interest, if any, on Securities of such series and not applied
but remaining unclaimed by the Holders of Securities of such series for two years after the date
upon which the principal of and premium, if any, or interest, if any, on such Securities, as the
case may be, shall have become due and payable, shall, unless otherwise required by mandatory
provisions of applicable escheat or abandoned or unclaimed property law, be repaid to the Company
by such Trustee or any Paying Agent on demand or (if then held by the Company) shall be discharged
from such trust; and the Holder of any such Securities entitled to receive such payment shall
thereafter look only to the Company for the payment thereof; provided, however, that, before being
required to make any such repayment, such Trustee may (at the expense of the Company) cause to be
published once a week for two successive weeks, in each case on any day of the week, in an
Authorized Newspaper in the same city in which the Place of Payment with respect to Securities of
such series shall be located and in an Authorized Newspaper in the Borough of Manhattan, The City
of New York, a notice (in such form as may be deemed appropriate by such Trustee) that said moneys
remain unclaimed and that, after a date named therein, any unclaimed balance of said moneys then
remaining will be returned to the Company.

ARTICLE VII

REMEDIES

          Section 7.01 Events of Default.

          “Event of Default” whenever used herein with respect to Securities of any series means any one
of the following events and such other events as may be established with respect to the Securities
of such series as contemplated by Section 3.01 hereof, continued for the period of time, if any,
and after the giving of notice, if any, designated herein or therein, as the case may be, unless
the same is either not applicable to the Securities of such series or is deleted or modified in the
terms of the Securities of such series established as contemplated by Section 3.01 hereof:

     (a) default in the payment of any interest upon any Security of such series when the
same becomes due and payable, whether or not such payment shall be prohibited by Article
Thirteen, and continuance of such default for a period of 30 days provided, however, that a
valid extension of an interest payment period by the Company in accordance with the terms of
any indenture supplemental hereto, shall not constitute a default in the payment of interest
for this purpose; or

     (b) default in the payment of all or any part of the principal of (or premium, if any,
on) any Security of such series at its Maturity, whether or not such payment shall be
prohibited by Article Thirteen; or

     (c) default in the making or satisfaction of any sinking fund payment or analogous
obligation when the same becomes due and payable by the terms of the Securities of such
series; or

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     (d) default in the performance, or breach, of any covenant or warranty of the Company
in respect of the Securities of such series contained in this Indenture or in such
Securities (other than a covenant or warranty in respect of the Securities of such series a
default in whose performance or whose breach is elsewhere in this Section 7.01 specifically
dealt with) or established as contemplated by Section 3.01 hereof for the Securities of such
series, and continuance of such default or breach for a period of 90 days after there has
been given, by registered or certified mail, to the Company by the Trustee for the
Securities of such series, or to the Company and such Trustee by the Holders of at least 25%
in principal amount of the Outstanding Securities of such series, a written notice
specifying such default or breach and requiring it to be remedied and stating that such
notice is a “Notice of Default” hereunder; or

     (e) the entry of a decree or order by a court having jurisdiction in the premises
adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition
seeking reorganization, arrangement, adjustment or composition of or in respect of the
Company under Title 11 of the United States Code as now constituted or hereafter amended
(the “Federal Bankruptcy Code”) or any other applicable Federal or State law, or appointing
a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the
Company or of any substantial part of its property, or ordering the winding up or
liquidation of its affairs, and the continuance of any such decree or order unstayed and in
effect for a period of 60 consecutive days; or

     (f) the institution by the Company of proceedings to be adjudicated a bankrupt or
insolvent, or the consent by it to the institution of bankruptcy or insolvency proceedings
against it, or the filing by it of a petition or answer or consent seeking reorganization or
relief under the Federal Bankruptcy Code or any other applicable Federal or State law, or
the consent by it to the filing of any such petition or to the appointment of a receiver,
liquidator, assignee, trustee, sequestrator (or other similar official) of the Company or of
any substantial part of its property, or the making by it of an assignment for the benefit
of creditors, or the admission by it in writing of its inability to pay its debts generally
as they become due, or the taking of corporate action by the Company in furtherance of any
such action; or

     (g) any other Event of Default established as contemplated by Section 3.01 hereof for
Securities of such series.

     Section 7.02 Acceleration of Maturity; Rescission and Annulment.

          If an Event of Default with respect to Securities of any series at the time outstanding occurs
and is continuing, then and in each and every such case, unless the principal of all of the
Securities of such series shall have already become due and payable, the Trustee or the Holders of
not less than 25% in aggregate principal amount of the Outstanding Securities of such series may
declare the principal amount (or, if the Securities of such series are Original Issue Discount
Securities, such portion of the principal amount as may be specified in the terms of such series)
of all the Securities of such series to be due and payable immediately, by a notice in writing to
the Company (and to the Trustee if given by Holders), and upon any such declaration of acceleration
the same shall become immediately due and payable, anything in this

33

 

Indenture or in the Securities of such series or any resolution of the Board of Directors
relating thereto contained to the contrary notwithstanding.

          At any time after such a declaration of acceleration has been made and before a judgment or
decree for payment of the money due has been obtained or entered as hereinafter in this Article
provided, the Holders of a majority in principal amount of the Outstanding Securities of such
series, by written notice to the Company and the Trustee, may waive all defaults with respect to
such Securities and rescind and annul such declaration and its consequences if

     (a) the Company has paid or deposited with the Trustee a sum sufficient to pay

     (i) all overdue installments of interest, if any, on all Securities of
such series;

     (ii) the principal of (and premium, if any, on) any and all Securities
of such series which have become due otherwise than by such declaration of
acceleration and interest thereon at the Overdue Rate applicable to the
Securities of such series;

     (iii) to the extent that payment of such interest is lawful, interest
upon any overdue installment of interest at the Overdue Rate applicable to
the Securities of such series;

     (iv) all sums paid or advanced by the Trustee hereunder and the
reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel and other amounts owing the Trustee under
Section 8.07; and

     (b) all Events of Default with respect to Securities of such series, other than the
non-payment of the principal of Securities which have become due solely by such
acceleration, have been cured or waived as provided in
Section 7.13 or 12.07 hereof.

No such waiver and rescission shall affect any subsequent default or impair any right consequent
thereon.

     Section 7.03 Collection of Indebtedness and Suits for Enforcement by Trustee.

          The Company covenants that if

     (a) default is made in the payment of any installment of interest on any Security of
any series when such interest becomes due and payable and such default continues for a
period of 30 days,

     (b) default is made in the payment of all or any part of the principal of (or premium,
if any, on) any Security of any series at the Maturity thereof, or

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     (c) default is made in the making or satisfaction of any sinking fund payment or
analogous obligation when the same becomes due pursuant to the terms of the Securities of
any series established as contemplated by Section 3.01,

the Company will, upon demand of the Trustee, pay to the Trustee, for the benefit of the Holder of
any such Security (or Holders of Securities of any such series in the case of clause (c) above),
the whole amount then due and payable on any such Security (or Securities of any such series in the
case of clause (c) above) for principal, premium, if any, and interest, if any, with interest upon
the overdue principal (and premium, if any) and, to the extent that payment of such interest shall
be legally enforceable, upon any overdue installment of interest, at the Overdue Rate of any such
Security (or Securities of any such series in the case of clause (c) above); and, in addition
thereto, such further amount as shall be sufficient to cover the costs and expenses of collection,
including the reasonable compensation, expenses, disbursements and advances of such Trustee, its
agents and counsel, and all other amounts owing the Trustee under Section 8.07.

          If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own
name and as trustee of an express trust, may institute a judicial proceeding for the collection of
the sums so due and unpaid, and may prosecute such proceeding to judgment or final decrees, and may
enforce the same against the Company or any other obligor upon such Securities and collect the
moneys adjudged or decreed to be payable in the manner provided by law out of the property of the
Company or any other obligor upon such Securities, wherever situated.

          If an Event of Default occurs and is continuing with respect to the Securities of any series,
the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the
Holders of the Securities of such series by such appropriate judicial proceedings as such Trustee
shall deem most effectual to protect and enforce any such rights, whether for the specific
enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power
granted herein, or to enforce any other proper remedy.

          Section 7.04 Trustee May File Proofs of Claim.

          The Trustee (irrespective of whether the principal of the Securities of any series shall then
be due and payable as therein expressed or by declaration or otherwise and irrespective of whether
the Trustee shall have made any demand on the Company for the payment of overdue principal or
interest) shall be entitled and empowered, by intervention in such proceeding or otherwise, in case
of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization,
arrangement, adjustment, composition or other judicial proceeding relative to the Company or any
other obligor upon the Securities of such series or the property of the Company or of such other
obligor or their creditors,

     (i) to file and prove a claim or claims for the whole amount of
principal (or, if the Securities of such series are Original Issue Discount
Securities, such portion of the principal amount as may be due and payable
with respect to such series pursuant to a declaration in accordance with
Section 7.02 hereof), premium, if any, and interest, if any, owing and
unpaid in respect of the Securities of such series and to file such other

35

 

papers or documents as may be necessary or advisable in order to have
the claims of the Trustee (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Trustee, its
agents and counsel) and of the Holders of the Securities of such series
allowed in such judicial proceeding, and

     (ii) to collect and receive any moneys or other property payable or
deliverable on any such claims and to distribute the same;

and any receiver, assignee, trustee, liquidator, sequestrator (or other similar official) in any
such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee,
and in the event that such Trustee shall consent to the making of such payments directly to the
Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other amounts, due the
Trustee under Section 8.07 hereof.

          Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to
or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or
composition affecting the Securities of any series or the rights of any Holder thereof, or to
authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.

          Section 7.05 Trustee May Enforce Claims without Possession of Securities.

          All rights of action and claims under this Indenture or the Securities of any series may be
prosecuted and enforced by the Trustee without the possession of any of the Securities of such
series or the production thereof in any proceeding relating thereto, and any such proceeding
instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any
recovery of judgment shall, after provision for the payment of the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable
benefit of the Holders of the Securities in respect of which such judgment has been recovered.

          Section 7.06 Application of Money Collected.

          Any moneys collected by the Trustee pursuant to this Article shall be applied in the following
order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on
account of principal (or premium, if any) or interest, if any, upon presentation of the several
Securities with respect to which such moneys were collected, and the notation thereon of the
payment if only partially paid and upon surrender thereof if fully paid.

     FIRST: To the payment of all amounts due the Trustee under Section 8.07 hereof.

     SECOND: To holders of Senior Indebtedness of the Company to the extent required by
Article Thirteen;

     THIRD: To the payment of the amounts then due and unpaid upon such Securities for
principal (and premium, if any) and interest, if any, in respect of which or

36

 

for the benefit of which such money has been collected, ratably, without preference or
priority of any kind, according to the amounts due and payable on such Securities for
principal (and premium, if any) and interest, if any, respectively.

     FOURTH: The balance, if any, to the Company.

     Section 7.07 Limitation on Suits.

          No Holder of any Security of any series shall have any right to institute any proceeding,
judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or
trustee (or other similar official), or for any other remedy hereunder, unless

     (1) an Event of Default shall have occurred and be continuing and such Holder
previously shall have given to the Trustee written notice of default with respect to the
Securities of such series and of the continuance thereof;

     (2) the Holders of not less than 25% in principal amount of the Outstanding Securities
of such series shall have made written request to the Trustee to institute proceedings in
respect of such Event of Default in its own name as Trustee hereunder;

     (3) such Holder or Holders have offered to the Trustee reasonable indemnity against the
costs, expenses and liabilities to be incurred in compliance with such request;

     (4) the Trustee for 60 days after receipt of such notice, request and offer of
indemnity has failed to institute any such proceeding; and

     (5) no direction inconsistent with such written request has been given to the Trustee
during such 60-day period by the Holders of a majority in principal amount of the
Outstanding Securities of such series;

it being understood and intended that no one or more Holders of Securities of such series shall
have any right in any manner whatever by virtue of, or by availing of, any provision of this
Indenture to affect, disturb or prejudice the rights of any other Holders of Securities of such
series, or to obtain or to seek to obtain priority or preference over any other such Holders or to
enforce any right under this Indenture, except in the manner herein provided and for the equal and
ratable benefit of all the Holders of the Securities of such series.

          Section 7.08 Unconditional Right of Holders to Receive Principal, Premium and Interest.

          Notwithstanding any other provision of this Indenture, the Holder of a Security of any series
shall have the right which is absolute and unconditional to receive payment of the principal of
(and premium, if any) and (subject to Section 3.08) interest, if any, on such Security on the
respective Stated Maturities expressed in such Security (or, in the case of redemption, on the
Redemption Date) and to institute suit for the enforcement of any such payment, and such rights
shall not be impaired without the consent of such Holder.

37

 

          Section 7.09 Restoration of Rights and Remedies.

          If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy
under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has
been determined adversely to the Trustee or to such Holder, then and in every such case the
Company, the Trustee and such Holder shall, subject to any determination in such proceeding, be
restored severally and respectively to their former positions hereunder, and thereafter all rights
and remedies of such Trustee and such Holder shall continue as though no such proceeding had been
instituted.

          Section 7.10 Rights and Remedies Cumulative.

          No right or remedy herein conferred upon or reserved to the Trustee or to the Holders of the
Securities of any series is intended to be exclusive of any other right or remedy, and every right
and remedy shall, to the extent permitted by law, be cumulative and in addition to every other
right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The
assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the
concurrent assertion or employment of any other appropriate right or remedy.

          Section 7.11 Delay or Omission Not Waiver.

          No delay or omission of the Trustee or of the Holders of the Securities of any series to
exercise any right or remedy accruing upon any Event of Default shall impair any such right or
remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right
and remedy given by this Article or by law to the Trustee or to such Holders may be exercised from
time to time, and as often as may be deemed expedient, by the Trustee or by such Holders, as the
case may be.

          Section 7.12 Control by Holders.

          The Holders of a majority in principal amount of the Outstanding Securities of any series
shall have the right to direct the time, method and place of conducting any proceeding for any
remedy available to the Trustee or exercising any trust or power conferred on the Trustee, provided
that

     (a) such direction shall not be in conflict with any rule of law or with this
Indenture, unduly prejudice the rights of the Holders or involve the Trustee in personal
liability, cost or expense for which it determines it has insufficient security or indemnity
(it being understood that the Trustee shall have no obligation to make any determination
with respect to such conflict, prejudice or liability), and

     (b) the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction.

     Section 7.13 Waiver of Past Defaults.

          The Holders of not less than a majority in principal amount of the Outstanding Securities of
any series may on behalf of the Holders of all the Securities of such series waive any past default
hereunder and its consequences, except a default

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     (a) in the payment of the principal of (or premium, if any) or interest, if any, on any
Security of such series, or in the payment of any sinking fund installment or analogous
obligation with respect to the Securities of such series, or

     (b) in respect of a coven
ant or provision hereof which under Article XI hereof
cannot be modified or amended without the consent of the Holder of each Outstanding Security
affected.

          Upon any such waiver, such default shall cease to exist, and any Event of Default arising
therefrom shall be deemed to have been cured, for every purpose of this indenture; but no such
waiver shall extend to any subsequent or other default or impair any right consequent thereon.

          Section 7.14 Undertaking for Costs.

          All parties to this Indenture agree, and each Holder of a Security by his acceptance thereof
shall be deemed to have agreed, that any court may in its discretion require, in any suit for the
enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any
action taken or omitted by it as Trustee, the filing by any party litigant in such suit of an
undertaking to pay the costs of such suit, and that such court may in its discretion assess
reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit,
having due regard to the merits and good faith of the claims or defenses made by such party
litigant; but the provisions of this Section 7.14 shall not apply to any suit instituted by such
Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more
than 10% in principal amount of the Outstanding Securities of any series, or to any suit instituted
by any Holder for the enforcement of the payment of the principal of (or premium, if any) or
interest, if any, on any Security on or after the respective Stated Maturities expressed in such
Security (or, in the case of redemption, on or after the Redemption Date).

          Section 7.15 Waiver of Stay or Extension Laws.

          The Company covenants (to the extent that it may lawfully do so) that it will not at any time
insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any
stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the
covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully
do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will
not hinder, delay or impede the execution of any power herein granted to the Trustee, but will
suffer and permit the execution of every such power as though no such law had been enacted.

ARTICLE VIII

THE TRUSTEE

          Section 8.01 Certain Duties and Responsibilities.

     (a) Except during the continuance of an Event of Default with respect to the Securities
of any series,

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     (i) the Trustee undertakes to perform such duties and only such duties
as are specifically set forth in this Indenture with respect to the
Securities of such series and all other series, and no implied covenants or
obligations shall be read into this Indenture against the Trustee; and

     (ii) in the absence of bad faith on its part, the Trustee may
conclusively rely, as to the truth of the statements and the correctness of
the opinions expressed therein, upon certificates or opinions furnished to
the Trustee and conforming to the requirements of this Indenture; but in the
case of any such certificates or opinions which by any provision hereof are
specifically required to be furnished to the Trustee, the Trustee shall be
under a duty to examine the same to determine whether or not they conform to
the requirements of this Indenture.

     (b) In case an Event of Default has occurred and is continuing with respect to the
Securities of any series, the Trustee shall exercise such of the rights and powers vested in
it by this Indenture with respect to the Securities of such series, and use the same degree
of care and skill in their exercise, as a prudent man would exercise or use under the
circumstances in the conduct of his own affairs.

     (c) No provision of this Indenture shall be construed to relieve the Trustee from
liability for its own negligent action, its own negligent failure to act, or its own willful
misconduct, except that

     (i) this Subsection shall not be construed to limit the effect of
Subsection (a) of this Section 8.01;

     (ii) the Trustee shall not be liable for any error of judgment made in
good faith by a Responsible Officer, unless it shall be proved that the
Trustee was negligent in ascertaining the pertinent facts;

     (iii) the Trustee shall not be liable with respect to any action taken,
suffered or omitted to be taken by it in respect of the Securities of any
series in good faith in accordance with the direction of the Holders of a
majority in principal amount of the Outstanding Securities of such series
pursuant to Section 7.12 relating to the time, method and place of
conducting any proceeding for any remedy available to the Trustee, or
exercising any trust or power conferred upon the Trustee, under this
Indenture; and

     (iv) no provision of this Indenture shall require the Trustee to expend
or risk its own funds or otherwise incur any financial liability in the
performance of any of its duties hereunder, or in the exercise of any of its
rights or powers, if it shall have reasonable grounds for believing that
repayment of such funds or adequate indemnity against such risk or liability
is not reasonably assured to it.

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     (d) Whether or not therein expressly so provided, every provision of this Indenture
relating to the conduct or affecting the liability of or affording protection to the Trustee
shall be subject to the provisions of this Section 8.01.

          Section 8.02 Notice of Defaults.

          Within 90 days after the occurrence of any default hereunder with respect to the Securities of
any series, the Trustee shall transmit by mail to all Holders of the Securities of such series, as
their names and addresses appear in the Securities Register, notice of such default hereunder with
respect to the Securities of such series known to the Trustee, unless such default shall have been
cured or waived; provided, however, that, except in the case of a default in the payment of
principal of (or premium, if any) or interest, if any, on any Security of such series, or in the
payment of any sinking fund installment or analogous obligation in respect thereof, the Trustee
shall be protected in withholding such notice if and so long as the board of directors, the
executive committee or a trust committee of directors and/or Responsible Officers of the Trustee in
good faith determine that the withholding of such notice is in the interest of such Holders; and
provided, further, that in the case of any default of the character specified in Section 7.01(d)
hereof no such notice to Holders shall be given until at least 30 days after the occurrence
thereof. For the purpose of this Section 8.02, the term “default” means any event which is, or
after notice or lapse of time or both would become, an Event of Default.

          Section 8.03 Certain Rights of Trustee.

          Subject to Section 8.01 hereof:

     (a) the Trustee may rely and shall be protected in acting or refraining from acting
upon any resolution, certificate, statement, instrument, opinion, report, notice, request,
direction, consent, order, bond, debenture, coupon or other paper or document believed by it
to be genuine and to have been signed or presented by the proper party or parties;

     (b) any request, direction, order or demand of the Company mentioned herein shall be
sufficiently evidenced by a Company Request or a Company Order and any resolution of the
Board of Directors may be sufficiently evidenced by a Board Resolution;

     (c) whenever in the administration of this Indenture the Trustee shall deem it
desirable that a matter be proved or established prior to taking, suffering or omitting any
action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may,
in the absence of bad faith on its part, rely upon an Officer’s Certificate;

     (d) the Trustee may consult with counsel and the advice of such counsel or any Opinion
of Counsel shall be full and complete authorization and protection in respect of any action
taken, suffered or omitted by it hereunder in good faith in reliance thereon;

     (e) the Trustee shall be under no obligation to exercise any of the rights or powers
vested in it by this Indenture at the request, order or direction of any of the Holders
pursuant to this Indenture, unless such Holders shall have offered to such Trustee

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reasonable security or indemnity against the costs, expenses and liabilities which
might be incurred by it in compliance with such request or direction;

     (f) the Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report, notice,
request, direction, consent, order, bond, debenture, note or other paper or document, but
the Trustee, in its discretion, may make such further inquiry or investigation into such
facts or matters as it may see fit, and, if the Trustee shall determine to make such further
inquiry or investigation, it shall be entitled to examine the books, records and premises of
the Company, personally or by agent or attorney;

     (g) the Trustee may execute any of the trusts or powers hereunder or perform any duties
hereunder either directly or by or through agents or attorneys and the Trustee shall not be
responsible for any misconduct or negligence on the part of any agent or attorney appointed
with due care by it hereunder;

     (h) except with respect to Section 12.01, the Trustee shall have no duty to inquire as
to the performance of the Company with respect to covenants contained in Article XII. In
addition, the Trustee shall not be deemed to have knowledge of an Event of Default except
(i) any default or Event of Default occurring pursuant to Sections 12.01, 7.01(a) or 7.01(b)
or (ii) any default or Event of Default of which the Trustee shall have received written
notification or obtained actual knowledge; and

     (i) delivery of reports, information and documents to the Trustee under Section 9.04 is
for informational purposes only and the Trustee’s receipt of the foregoing shall not
constitute constructive notice of any information contained therein or determinable from
information contained therein, including the Company’s compliance with any of their
covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s
Certificates).

          Section 8.04 Not Responsible for Recitals or Issuance of Securities.

          The recitals contained herein and in the Securities, except the certificates of
authentication, shall be taken as the statements of the Company, and the Trustee and any
Authenticating Agent assume no responsibility for their correctness. The Trustee and any
Authenticating Agent make no representations as to the validity or sufficiency of this Indenture or
of the Securities. The Trustee and any Authenticating Agent shall not be accountable for the use or
application by the Company of Securities or the proceeds thereof.

          Section 8.05 May Hold Securities.

          The Trustee, any Paying Agent, Securities Registrar, Authenticating Agent or any other agent
of the Company or the Trustee, in its individual or any other capacity, may become the owner or
pledgee of Securities of any series and may otherwise deal with the Company with the same rights it
would have if it were not Trustee, Paying Agent, Securities Registrar, Authenticating Agent or such
other agent.

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          Section 8.06 Money Held in Trust.

          Money held by the Trustee in trust hereunder need not be segregated from other funds except to
the extent required by law. The Trustee shall be under no liability for interest on or investment
of any money received by it hereunder except as otherwise agreed with the Company and for the sole
benefit of the Company.

          Section 8.07 Compensation and Reimbursement.

          The Company agrees

     (a) to pay to the Trustee from time to time reasonable compensation for all services
rendered by it hereunder (which compensation shall not be limited by any provision of law in
regard to the compensation of a trustee of an express trust);

     (b) except as otherwise expressly provided herein, to reimburse the Trustee upon its
request for all reasonable expenses, disbursements and advances incurred or made by the
Trustee in accordance with any provision of this Indenture (including the reasonable
compensation and the expenses and disbursements of its agents and counsel and of any
Authenticating Agent), except to the extent any such expense, disbursement or advance may be
attributable to its negligence or bad faith; and

     (c) to indemnify the Trustee and its agents for, and to hold them harmless against, any
loss, liability or expense arising out of or in connection with the acceptance or
administration of this trust and performance of their duties hereunder, including the costs
and expenses (including fees and disbursements of their counsel) of defending themselves
against any claim or liability in connection with the exercise or performance of any of
their powers or duties hereunder, except as to the Trustee or any agent to the extent any
such loss, liability or expense may be attributable to its own negligence or bad faith.

          As security for the performance of the obligations of the Company under this Section 8.07, the
Trustee shall have a lien prior to the Securities upon all property and funds held or collected by
the Trustee as such, except funds held in trust for the payment of principal of (and premium, if
any) or interest, if any, on particular Securities. The provisions of this Section 8.07 shall
survive any Trustee succession and the satisfaction and discharge of this Indenture. “Trustee” for
purposes of this Section 8.07 shall include any predecessor trustee but the negligence and bad
faith of any Trustee shall not affect the rights of any other Trustee under this Section 8.07.

          Section 8.08 Disqualification; Conflicting Interests.

          Reference is made to Section 310(b) of the Trust Indenture Act. For purposes of Section
310(b)(l) of the Trust Indenture Act no Trustee shall be deemed to have a conflicting interest by
virtue of being Trustee for the Securities of more than one series.

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          Section 8.09 Corporate Trustee Required; Different Trustees for Different Series; Eligibility.

          There shall at all times be a Trustee hereunder for the Securities of each series which shall
be a corporation organized and doing business under the laws of the United States of America or of
any State or the District of Columbia authorized under such laws to exercise corporate trust
powers, having a combined capital and surplus of at least $50,000,000, subject to supervision or
examination by Federal or State authority, and, if there is such a corporation that has a corporate
trust office in the Borough of Manhattan, The City of New York, the State of New York, or in such
other city as shall be established as contemplated by Section 3.01 with respect to the Securities
of any series that is willing to act upon reasonable and customary terms, having a corporate trust
office in the Borough of Manhattan or such other city. If such corporation publishes reports of
condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or
examining authority, then for the purposes of this Section 8.09, the combined capital and surplus
of such corporation shall be deemed to be its combined capital and surplus as set forth in its most
recent report of condition so published. A different Trustee may be appointed by the Company for
the Securities of each series prior to the issuance of such Securities. If the initial Trustee for
the Securities of any series is to be other than U.S. Bank National Association (or its successor in interest hereunder, if any), the Company and
such Trustee shall, prior to the issuance of such Securities, execute and deliver an indenture
supplemental hereto, which shall provide for the appointment of such Trustee as Trustee for the
Securities of such series and shall add to or change any of the provisions of this Indenture as
shall be necessary to provide for or facilitate the administration of the trusts hereunder by more
than one Trustee, it being understood that nothing herein or in such supplemental indenture shall
constitute such Trustees co-trustees of the same trust and that each such Trustee shall be trustee
of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered
by any other such Trustee. If at any time the Trustee for the Securities of any series shall cease
to be eligible in accordance with the provisions of this Section 8.09, it shall resign immediately
in the manner and with the effect hereinafter specified in this Article.

          Section 8.10 Resignation and Removal; Appointment of Successor.

     (a) No resignation or removal of the Trustee for the Securities of any series and no
appointment of a successor Trustee for the Securities of such series pursuant to this
Article shall become effective until the acceptance of appointment by the successor Trustee
under Section 8.11 hereof.

     (b) The Trustee, or any Trustee or Trustees hereafter appointed for the Securities of
any series, may resign at any time with respect to the Securities of one or more or all such
series by giving written notice thereof to the Company. If an instrument of acceptance by a
successor Trustee for the Securities of any series shall not have been delivered to the
Trustee for the Securities of such series within thirty days after the giving of such notice
of resignation, the resigning Trustee may petition any court of competent jurisdiction for
the appointment of a successor Trustee for the Securities of such series.

     (c) The Trustee for the Securities of any series may be removed at any time with
respect to one or more or all such series by Act of the Holders of a majority in aggregate
principal amount of the Outstanding Securities of such one or more series (each voting as a
class) delivered to such Trustee and to the Company.

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     (d) If at any time:

     (i) the Trustee for the Securities of any series shall fail to comply
with Section 310(b) of the Trust Indenture Act with respect to the
Securities of such series after written request therefor by the Company or
by any Holder of Securities of such series who has been a bona fide Holder
of a Security of such series for at least six months, or

     (ii) such Trustee shall cease to be eligible under Section 8.09 hereof
and shall fail to resign after written request therefor by the Company or by
any such Holder of Securities, or

     (iii) such Trustee shall become incapable of acting with respect to the
Securities of such series or shall be adjudged a bankrupt or insolvent or a
receiver of such Trustee or of its property shall be appointed or any public
officer shall take charge or control of such Trustee or of its property or
affairs for the purpose of rehabilitation, conservation or liquidation,

then, in any such case, (1) the Company by a Board Resolution may remove the Trustee, or (2)
subject to Section 7.14 hereof, any Holder of a Security of such series who has been a bona fide
Holder of such Security for at least six months may, on behalf of himself and all others similarly
situated, petition any court of competent jurisdiction for the removal of such Trustee and the
appointment of a successor Trustee for the Securities of such series.

     (e) If the Trustee for the Securities of any series shall resign, be removed or become
incapable of acting, or if a vacancy shall occur in the office of Trustee for the Securities
of any series for any cause, the Company, by a Board Resolution, shall promptly appoint a
successor Trustee for the Securities of such series. If, within one year after such
resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee
for the Securities of such series shall be appointed by Act of the Holders of a majority in
principal amount of the Outstanding Securities of such series delivered to the Company and
the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its
acceptance of such appointment, become the successor Trustee for the Securities of such
series and supersede the successor Trustee appointed by the Company. If no successor Trustee
for the Securities of such series shall have been so appointed by the Company or such
Holders and accepted appointment in the manner hereinafter provided, any Holder who has been
a bona fide Holder of a Security of such series for at least six months may, on behalf of
himself and all others similarly situated, petition any court of competent jurisdiction for
the appointment of a successor Trustee for the Securities of such series.

     (f) The Company shall give notice of each resignation and each removal of the Trustee
for the Securities of any series and each appointment of a successor Trustee for the
Securities of such series by mailing written notice of such event by first-class mail,
postage prepaid, to the Holders of the Securities of such series as their names and
addresses appear in the Securities Register. Each notice shall include the name of such
successor Trustee and the address of its Corporate Trust Office.

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          Section 8.11 Acceptance of Appointment by Successor.

          Every successor Trustee appointed hereunder shall execute, acknowledge and deliver to the
Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the
resignation or removal of the retiring Trustee shall become effective and such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the rights, powers,
trusts and duties of the retiring Trustee; but, on request of the Company or the successor Trustee,
such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument
transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee,
and shall duly assign, transfer and deliver to such successor Trustee all property and money held
by such retiring Trustee hereunder, subject nevertheless to its lien, if any, provided for in
Section 8.07 hereof. Upon request of any such successor Trustee, the Company shall execute any and
all instruments for more fully and certain vesting in and confirming to such successor Trustee all
such rights, powers and trusts.

          In case of the appointment hereunder of a successor Trustee for the Securities of one or more
(but not all) series, the Company, the predecessor Trustee and each successor Trustee for the
Securities of any applicable series shall execute and deliver an indenture supplemental hereto
which shall contain such provisions as shall be deemed necessary or desirable to confirm that all
the rights, powers, trusts and duties of the predecessor Trustee for the Securities of any series
as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor
Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary
to provide for or facilitate the administration of the trusts hereunder by more than one Trustee,
it being understood that nothing herein or in such supplemental indenture shall constitute such
Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or
trusts hereunder separate and apart from any trust or trusts hereunder administered by any other
such Trustee.

          No successor Trustee for the Securities of any series shall accept its appointment unless at
the time of such acceptance such successor Trustee shall be qualified under Section 310(b) of the
Trust Indenture Act and eligible under Section 8.09.

          Section 8.12 Merger, Conversion, Consolidation or Succession to Business.

          Any corporation into which the Trustee for the Securities of any series may be merged or
converted or with which it may be consolidated, or any corporation resulting from any merger,
conversion or consolidation to which such Trustee shall be a party, or any corporation succeeding
to all or substantially all of the corporate trust business of such Trustee, shall be the successor
of the Trustee for such series hereunder, provided such corporation shall be, with respect to such
series, otherwise qualified and eligible under this Article, without the execution or filing of any
paper or any further act on the part of any of the parties hereto. In case any Securities of any
series shall have been authenticated, but not delivered, by the Trustee for such series or an
Authenticating Agent for such series, then in office, any successor by merger, conversion or
consolidation to such authenticating Trustee or Authenticating Agent, as the case may be, may adopt
such authentication and deliver the Securities so authenticated with the same effect as if such
successor Trustee or successor Authenticating Agent had itself authenticated such Securities.

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          Section 8.13 Preferential Collection of Claims against Company.

          Reference is made to Section 311 of the Trust Indenture Act, for purposes of which:

     (i) The term “cash transaction” means any transaction in which full
payment for goods or securities sold is made within seven days after
delivery of the goods or securities in currency or in checks or other orders
drawn upon banks or bankers and payable upon demand.

     (ii) The term “self-liquidating paper” means any draft, bill of
exchange, acceptance or obligation which is made, drawn, negotiated or
incurred by the Company for the purpose of financing the purchase,
processing, manufacturing, shipment, storage or sale of goods, wares or
merchandise and which is secured by documents evidencing title to possession
of, or a lien upon, the goods, wares or merchandise or the receivables or
proceeds arising from the sale of the goods, wares or merchandise previously
constituting the security, provided the security is received by the Trustee
simultaneously with the creation of the creditor relationship with the
Company arising from the making, drawing, negotiating or incurring of the
draft, bill of exchange, acceptance or obligation.

          Section 8.14 Authenticating Agent.

          The Trustee may appoint an Authenticating Agent for the Securities of each series which shall
be acceptable to the Company, to act on behalf of such Trustee and subject to its direction in
connection with the authentication of the Securities of such series. Each Authenticating Agent
shall at all times be a corporation organized and doing business under the laws of the United
States of America or of any State, authorized under such laws to exercise corporate trust powers,
having a combined capital and surplus of at least $50,000,000, and subject to supervision or
examination by Federal or State authority. If such corporation publishes reports of condition at
least annually, pursuant to law or to the requirements of the aforesaid supervising or examining
authority, then for the purposes of this Section 8.14 the combined capital and surplus of such
corporation shall be deemed to be its combined capital and surplus as set forth in its most recent
report of condition so published.

          Securities of any series authenticated by the Authenticating Agent for the Securities of such
series shall be entitled to the benefits of this Indenture and shall be valid and obligatory for
all purposes as if authenticated by the Trustee for the Securities of such series. Whenever
reference is made in this Indenture to the authentication and delivery of Securities of any series
by the Trustee or such Trustee’s certificate of authentication, such reference shall be deemed to
include authentication and delivery on behalf of the Trustee by the Authenticating Agent for the
Securities of such series and a certificate of authentication executed on behalf of the Trustee by
such Authenticating Agent.

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          Any corporation into which any Authenticating Agent may be merged or converted or with which
it may be consolidated, or any corporation resulting from any merger, conversion or consolidation
to which any Authenticating Agent shall be a party, or any corporation succeeding to the corporate
agency business of any Authenticating Agent, shall continue to be the Authenticating Agent with
respect to the Securities of all series for which it served as Authenticating Agent without the
execution or filing of any paper or any further act on the part of the Trustee or such
Authenticating Agent.

          Any Authenticating Agent may at any time resign by giving written notice of resignation to the
Trustee and to the Company. The Trustee may at any time terminate the agency of any Authenticating
Agent for the Securities of any series by giving written notice of termination to such
Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a
termination, or in case at any time any Authenticating Agent shall cease to be eligible in
accordance with the provisions of this Section 8.14, with respect to the Securities of one or more
or all series, the Trustee promptly shall appoint a successor Authenticating Agent which shall be
acceptable to the Company, and upon doing so shall give written notice of such appointment to the
Company and shall mail notice of such appointment to all Holders of the Securities of such series
as the names and addresses of such Holders appear upon the Securities Register. Any successor
Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the
rights, powers, duties and responsibilities of its predecessor hereunder with like effect as if
originally appointed as Authenticating Agent hereunder. No successor Authenticating Agent shall be
appointed unless eligible under the provisions of this Section 8.14.

          The Trustee agrees to pay to each Authenticating Agent from time to time reasonable
compensation for its services, and the Trustee shall be entitled to be reimbursed for such payments
subject to the provisions of Section 8.07 hereof.

ARTICLE IX

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

          Section 9.01 Company to Furnish Trustee Names and Addresses of Holders.

          The Company will furnish or cause to be furnished to the Trustee (a) semi-annually, on a date
not more than 15 days after each regular record date with respect to an Interest Payment Date, if
any, for the Securities of each series, and (b) on semi-annual dates in each year to be established
as contemplated by Section 3.01 hereof if the Securities of any series do not bear interest and (c)
at such other times as the Trustee may request in writing, within 30 days after receipt by the
Company of any such request, a list in such form as the Trustee may reasonably require containing
all the information in the possession or control of the Company, or any of its Paying Agents other
than the Trustee, as to the names and addresses of the Holders of the Securities of such series,
obtained since the date as of which the next previous list, if any, was furnished. Any such list
may be dated as of a date not more than 15 days prior to the time such information is furnished or
caused to be furnished and need not include information received after such date; provided,
however, that as long as the Trustee is the Securities Registrar for the Securities of such series,
no such list shall be required to be furnished.

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          Section 9.02 Preservation of Information; Communications to Holders.

     (a) The Trustee shall preserve, in as current a form as is reasonably practicable, the
names and addresses of Holders of the Securities of each series contained in the most recent
list furnished to such Trustee as provided in Section 9.01 hereof or in the Securities
Register if such Trustee be the Securities Registrar for such series and the names and
addresses of Holders received by the Trustee in its capacity as Paying Agent for the
Securities of such series. The Trustee may destroy any list furnished to it as provided in
Section 9.01 hereof upon receipt of a new list so furnished.

     (b) If three or more Holders of the Securities of any series (hereinafter referred to
as “applicants”) apply in writing to the Trustee, furnish to the Trustee reasonable proof
that each such applicant has owned a Security of such series for a period of at least six
months preceding the date of such application, and such application states that the
applicants desire to communicate with other Holders of the Securities of any series with
respect to their rights under this Indenture or under the Securities of any series and is
accompanied by a copy of the form of proxy or other communication which such applicants
propose to transmit, then the Trustee shall, within five Business Days after the receipt of
such application, at its election, either

     (i) afford such applicants access to the information preserved at the
time by the Trustee in accordance with Subsection (a) of this Section 9.02,
or

     (ii) inform such applicants as to the approximate number of such
Holders whose names and addresses appear in the information preserved at the
time by the Trustee in accordance with Subsection (a) of this Section 9.02,
and as to the approximate cost of mailing to such Holders the form of proxy
or other communication, if any, specified in such application.

     (c) If the Trustee shall elect not to afford such applicants access to such
information, the Trustee shall upon the written request of such applicants, mail to each
Holder to whom the applicant desires to communicate whose name and address appear in the
information preserved at the time by such Trustee in accordance with Subsection (a) of this
Section 9.02, a copy of the form of proxy or other communication which is specified in such
request, with reasonable promptness after a tender to the Trustee of the material to be
mailed and of payment, or provision for the payment, of the reasonable expenses of mailing,
unless within five days after such tender, the Trustee shall mail to such applicants and
file with the Commission, together with a copy of the material to be mailed, a written
statement to the effect that, in the opinion of the Trustee, such mailing would be contrary
to the best interests of such Holders or would be in violation of applicable law. Such
written statement shall specify the basis of such opinion. If the Commission, after
opportunity for a hearing upon the objections specified in the written statement so filed,
shall enter an order refusing to sustain any of such objections or if, after the entry of an
order sustaining one or more of such objections, the Commission shall find, after notice and
opportunity for hearing, that all the objections so sustained

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have been met and shall enter an order so declaring, the Trustee shall mail copies of
such material to all such Holders with reasonable promptness after the entry of such order
and the renewal of such tender; otherwise the Trustee shall be relieved of any obligation or
duty to such applicants respecting their application.

     (d) Every Holder of Securities, by receiving and holding the same, agrees with the
Company and the Trustee that neither the Company nor the Trustee, nor any agent of the
Company or the Trustee, shall be held accountable by reason of the disclosure of any such
information as to the names and addresses of the Holders in accordance with Subsection (b)
of this Section 9.02, regardless of the source from which such information was derived, and
that the Trustee shall not be held accountable by reason of mailing any material pursuant to
a request made under Subsection (b) of this Section 9.02.

     Section 9.03 Reports by Trustee.

     (a) Within 60 days after the first May 15 which occurs not less than 60 days following
the first date of issuance of the Securities of any series under this Indenture and within
60 days after May 15 in every year thereafter, the Trustee shall transmit by mail to all
Holders of such series, as their names and addresses appear in the Securities Register, any
brief report, dated as of such May 15, required by Section 313(a) of the Trust Indenture Act
and at such other times in such manner such other reports as may be required by Section 313
of the Trust Indenture Act in each case with respect to the Securities of such series. A
copy of each such report shall, at the time of such transmission to such Holders, be filed
by such Trustee with each stock exchange upon which such Securities are listed and also with
the Commission. The Company will notify such Trustee when such Securities are listed on any
stock exchange.

     Section 9.04 Reports by Company.

     The Company will

     (a) file with the Trustee for the Securities of each series, within 15 Business Days
after the Company files the same with the Commission, copies of the annual reports and of
the information, documents and other reports (or copies of such portions of any of the
foregoing as the Commission may from time to time by rules and regulations prescribe) which
the Company may be required to file with the Commission pursuant to Section 13 or Section
15(d) of the Exchange Act; or, if the Company is not required to file information, documents
or reports pursuant to either of said Sections, then it will file with such Trustee and the
Commission, in accordance with rules and regulations prescribed from time to time by the
Commission, such of the supplementary and periodic information, documents and reports which
may be required pursuant to Section 13 of the Exchange Act of in respect of a security
listed and registered on a national securities exchange as may be prescribed from time to
time in such rules and regulations;

     (b) file with such Trustee and the Commission, in accordance with rules and regulations
prescribed from time to time by the Commission, such additional information,

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documents and reports with respect to compliance by the Company with the conditions and
covenants of this Indenture as may be required from time to time by such rules and
regulations; and

     (c) transmit by mail to all Holders, as their names and addresses appear in the
Securities Register, within 30 days after the filing thereof with the Trustee, such
summaries of any information, documents and reports required to be filed by the Company
pursuant to paragraphs (a) and (b) of this Section 9.04 as may be required by rules and
regulations prescribed from time to time by the Commission.

     (d) Notwithstanding the foregoing Section 9.04(a) and (b), the Company will be deemed
to have filed the reports required by Section 9.04(a) and (b) to the Trustee if it has filed
such reports with the SEC via the EDGAR filing system and such reports are publicly
available.

ARTICLE X

CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER

          Section 10.01 Company May Consolidate, etc., Only on Certain Terms.

          The Company shall not consolidate with or merge into any other Person or convey, transfer or
lease all or substantially all of its properties and assets to any Person or group of Persons other
than to a direct or indirect wholly-owned Subsidiary, unless:

     (1) the Person formed by such consolidation or into which the Company is merged or the
Person or group of Persons that acquires by conveyance or transfer, or which leases, all or
substantially all of the properties and assets of the Company shall be a Person organized
and existing under the laws of the United States of America, any State thereof or the
District of Columbia, and shall expressly assume, by an indenture supplemental hereto,
executed and delivered to the Trustee for the Securities of each series in form satisfactory
to such Trustee, the due and punctual payment of the principal of and interest on all the
Securities and the performance of every covenant of this Indenture on the part of the
Company to be performed or observed;

     (2) immediately after giving effect to such transaction, no Event of Default, and no
event that, after notice or lapse of time, or both, would become an Event of Default, shall
have occurred and be continuing other than an Event of Default which will be cured by such
merger or other transaction; and

     (3) the Company has delivered to such Trustee an Officer’s Certificate and an Opinion
of Counsel each stating that such consolidation, merger, conveyance, transfer or lease and,
if a supplemental indenture is required in connection with such transaction, and such
supplemental indenture comply with this Article and that all conditions precedent herein
provided for relating to such transaction have been complied with.

          The provisions of this Section 10.01 shall not be applicable to a merger or consolidation in
which the Company is the surviving corporation.

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          Section 10.02 Successor Person Substituted.

          Upon any consolidation or merger, or any conveyance or transfer of the properties and assets
of the Company substantially as an entirety in accordance with Section 10.01, the successor Person
formed by such consolidation or into which the Company is merged or to which such conveyance or
transfer is made shall succeed to, and be substituted for and may exercise every right and power
of, the Company under this Indenture with the same effect as if such successor Person had been
named as the Company herein, and thereafter the predecessor Person shall be relieved of all
obligations and covenants under the Indenture and the Securities.

ARTICLE XI

SUPPLEMENTAL INDENTURES

          Section 11.01 Supplemental Indentures without Consent of Holders.

     (a) Without the consent of any Holders, the Company, when authorized by Board
Resolution, and the Trustee at any time and from time to time may enter into one or more
indentures supplemental hereto, in form satisfactory to the Trustee, for any of the
following purposes:

     (i) to evidence the succession of another Person to the Company, and
the assumption by any such successor of the covenants of the Company herein
and in the Securities contained; or

     (ii) to add to or modify the covenants or Events of Default of the
Company, for the benefit of the Holders of the Securities of any or all
series, to convey, transfer, assign, mortgage or pledge any property to or
with such Trustee, or to surrender any right or power herein conferred upon
the Company; or

     (iii)
to make any change in Article XIII that would limit or
terminate the benefits available to any holder of Senior Indebtedness of the
Company (or Representatives thereof) under Article XIII; or

     (iv) to establish the form and terms of the Securities of any series as
contemplated by Section 2.01 or 3.01 hereof; or

     (v) to add to or change any of the provisions of this Indenture as is
necessary or advisable to facilitate the issuance of Securities of any
series in bearer form, registrable or nonregistrable as to principal and
with or without interest coupons, and to provide for exchangeability of such
Securities with the Securities of the same series issued hereunder in fully
registered form and to make all appropriate changes for such purpose, or to
permit or facilitate the issuance of Securities in uncertificated form; or

52

 

     (vi) to cure any ambiguity, to correct or supplement any provision
herein which may be defective or inconsistent with any other provision
herein; or

     (vii) to make any other provisions with respect to matters or questions
arising under this Indenture which shall not adversely affect the interests
of the Holders in any material respect; or

     (viii) to supplement any of the provisions of this Indenture to such
extent as shall be necessary to permit or facilitate the defeasance and
discharge of any series of Securities pursuant to Article VI, provided that
any such action shall not adversely affect the interests of the Holders of
Securities of such series or any other series of Securities in any material
respect;

     (ix) to add to or change any of the provisions of this Indenture to
provide that bearer Securities may be registrable as to principal, to change
or eliminate any restrictions on the payment of principal of, or premium, if
any, or interest on bearer Securities or on the delivery of bearer
Securities, or to permit bearer Securities to be issued in exchange for
bearer Securities of other authorized denominations, provided any such
action shall not adversely affect the interests of the Holders of bearer
Securities of any series or any related coupons in any material respect
unless such amendment is required to comply with the Bearer Rules; or

     (x) to evidence and provide for the acceptance of appointment hereunder
of a Trustee other than U.S. Bank National Association (or its
successor in interest hereunder, if any), as
Trustee for the Securities of any series of Securities and to add to or
change any of the provisions of this Indenture as shall be necessary to
provide for or facilitate the administration of the trusts hereunder by more
than one Trustee, pursuant to the requirements of Section 8.09 hereof; or

     (xi) to evidence and provide for the acceptance of appointment
hereunder by a successor Trustee with respect to the Securities of one or
more series or to add to or change any of the provisions of this Indenture
as shall be necessary to provide for or facilitate the administration of the
trusts hereunder by more than one Trustee, pursuant to the requirements of
Section 8.11 hereof; or

     (xii) to add to, change or eliminate any of the provisions of this
Indenture; provided, that any such addition, change or elimination (i) shall
become effective only when no Security of any series entitled to the
benefits of such provision and issued prior to the execution of such
supplemental indenture is outstanding or (ii) shall not apply to any
outstanding Security.

53

 

     (b) An amendment under this Section 11.01 may not make any change that adversely
affects the rights under Article XIII of any holder of Senior Indebtedness of the
Company then outstanding unless the holders of such Senior Indebtedness (or any group or
Representative thereof authorized to give a consent) consent to such change.

          Section 11.02 Supplemental Indentures with Consent of Holders.

          Subject to Sections 7.12 and 7.13 hereof, with the consent of the Holders of not less than a
majority in aggregate principal amount of the Outstanding Securities of each series affected
thereby, by Act of said Holders delivered to the Company and the Trustee, the Company, when
authorized by Board Resolution, and the Trustee may enter into an indenture or indentures
supplemental hereto for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of this Indenture or of modifying in any manner the rights of the
Holders of the Securities of such series under this Indenture; provided, however, that no such
supplemental indenture shall, without the consent of the Holder of each Outstanding Security
affected thereby,

     (a) change the Stated Maturity of the principal of, or any installment of interest on,
any Security, or reduce the principal amount thereof or the interest thereon, or any premium
payable on the redemption thereof, or change the Place of Payment, or the coin or currency
in which any Security or the interest, if any, thereon is payable, or reduce the amount of
the principal of an Original Issue Discount Security that would be due and payable upon an
acceleration of the Maturity thereof or adversely affect the right of repayment, if any, at
the option of the Holder, or reduce the amount of, or postpone the date fixed for, any
payment under the sinking fund for any Security, or impair the right to
institute suit for the enforcement of any such payment on or after the Stated Maturity
thereof (or, in the case of redemption, on or after the Redemption Date), or

     (b) reduce the percentage in principal amount of the Outstanding Securities of any
series, the consent of whose Holders is required for any such supplemental indenture, or the
consent of whose Holders is required for any waiver of compliance with certain provisions of
this Indenture or certain defaults hereunder and their consequences provided for in this
Indenture, or

     (c) modify the provisions of this Indenture with respect to the subordination of the
Securities of any series in a manner adverse to the Holders thereof, or

     (d) modify any of the provisions of this Section 11.02 or Section 7.13 hereof, except
to increase any such percentage or to provide that certain other provisions of this
Indenture cannot be modified or waived without the consent of the Holder of each Security
affected thereby.

          A supplemental indenture which changes or eliminates any covenant or other provision of this
Indenture which has been expressly included solely for the benefit of the Securities of one or more
particular series, or which modifies the rights of the Holders of the Securities of one or more
such series with respect to such covenant or other provision, shall be
deemed not to affect the
rights under this Indenture of the Holders of the Securities of any other series.

54

 

          It shall not be necessary for any Act of Holders under this Section 11.02 to approve the
particular form of any proposed supplemental indenture, but it shall be sufficient if such Act
shall approve the substance thereof.

          An amendment under this Section 11.02 may not make any change that adversely affects the
rights under Article XIII of any holder of Senior Indebtedness then outstanding unless the
holders of such Senior Indebtedness (or any group or Representative thereof authorized to give a
consent) consent to such change.

          Section 11.03 Execution of Supplemental Indentures.

          In executing, or accepting the additional trusts created by, any supplemental indenture
permitted by this Article or the modifications thereby of the trusts created by this Indenture, the
Trustee for the Securities of any series shall be entitled to receive, and (subject to Sections
8.01 and 8.03 hereof) shall be fully protected in relying upon, an Opinion of Counsel stating that
the execution of such supplemental indenture is authorized or permitted by this Indenture. Such
Trustee may, but shall not be obligated to, enter into any such supplemental indenture which
affects such Trustee’s own rights, duties or immunities under this Indenture or otherwise.

          Section 11.04 Notice of Supplemental Indenture.

          Promptly after the execution by the Company and the appropriate Trustee of any supplemental
indenture pursuant to Section 11.02 hereof, the Company shall transmit by mail to all Holders of
Securities of any series affected thereby, as their names and addresses appear in the Securities
Register, a notice setting forth in general terms the substance of such supplemental indenture.

          Section 11.05 Effect of Supplemental Indentures.

          Upon the execution of any supplemental indenture under this Article, this indenture shall be
modified in accordance therewith but only with respect to the Securities of each series affected by
such supplemental indenture, and such supplemental indenture shall form a part of this Indenture
for all purposes with respect to the Securities of such series; and every Holder of Securities of
any such series theretofore or thereafter authenticated and delivered hereunder shall be bound
thereby.

          Section 11.06 Conformity with Trust Indenture Act.

          Every supplemental indenture executed pursuant to this Article shall conform to the
requirements of the Trust Indenture Act as then in effect.

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          Section 11.07 Reference in Securities to Supplemental Indentures.

          Securities of any series authenticated and delivered after the execution of any supplemental
indenture pursuant to this Article may, and shall if required by the Trustee, bear a notation in
form approved by the Trustee as to any matter provided for in such supplemental indenture. If the
Company shall so determine, new Securities so modified as to conform, in the opinion of the Trustee
and the Board of Directors, to any such supplemental indenture may be prepared and executed by the
Company and authenticated and delivered by or on behalf of such Trustee in exchange for Outstanding
Securities of the same series.

ARTICLE XII

COVENANTS

          Section 12.01 Payment of Principal, Premium and Interest.

          The Company will duly and punctually pay the principal of, premium, if any, and interest, if
any, on the Securities of each series in accordance with the terms of such Securities established
as contemplated by Section 3.01 and this Indenture.

          Section 12.02 Maintenance of Office or Agency.

          The Company will maintain in each Place of Payment for the Securities of any series, an office
or agency where Securities of such series may be presented or surrendered for payment, where
Securities of such series may be surrendered for registration of transfer or exchange and where
notices and demands to or upon the Company in respect of the Securities of such series and this
Indenture may be served; provided, however, that at the option of the Company payment of interest
may be made (subject to collection) by check mailed to the address of the Person entitled thereto
as such address shall appear in the Security Register. With respect to the Securities of any
series, such office or agency and each Place of Payment shall be as established as contemplated by
Section 3.01. In the absence of establishment as contemplated by Section 3.01 with respect to the
Securities of any series, (i) the Place of Payment for such Securities shall be in the city that
the Corporate Trust Office shall be in and (ii) such office or agency in such Place of Payment
shall initially be the Corporate Trust Office of the Trustee. The Company will give prompt written
notice to the Trustee of the location, and any change in the location, of any such office or
agency, if at any time the Company shall fail to maintain any such required office or agency or
shall fail to furnish the Trustee for the Securities of each series with the address thereof, such
presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office
of such Trustee, and the Company hereby appoints the Trustee its agent to receive all such
presentations, surrenders, notices and demands with respect to the Securities of such series.

          The Company may also from time to time designate one or more other offices or agencies (in or
outside the Place of Payment) where the Securities of one or more series may be presented or
surrendered for any or all of such purposes specified above, and may from time to time rescind such
designations; provided, however, that no such designation or rescission shall in any manner relieve
the Company of its obligation to maintain an office or agency in each Place of Payment for such
purpose.

56

 

          Section 12.03 Money for Securities Payments to Be Held in Trust.

          If the Company shall at any time act as its own Paying Agent, it will, on or before each due
date of the principal of (and premium, if any) or interest, if any, on, any of the Securities of
any series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum
sufficient to pay the principal, premium, if any, or interest, if any, so becoming due until such
sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly
notify the Trustee of such series of its failure so to act.

          Whenever the Company shall have one or more Paying Agents, it will, on or before each due date
of the principal of (and premium, if any) or interest, if any, on, any
Securities of any series, deposit with a Paying Agent for the Securities of such series a sum
sufficient to pay the principal, premium, if any, or interest, if any, so becoming due, such sum to
be held in trust for the benefit of the Persons entitled to such principal, premium or interest, if
any, and (unless such Paying Agent is the Trustee for the Securities of such series) the Company
will promptly notify such Trustee at its Corporate Trust Office of its failure so to act.

          The Company will cause each Paying Agent for the Securities of any series other than the
Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree
with the Trustee, subject to the provisions of this Section 12.03, that such Paying Agent will

     (a) hold all sums held by it for the payment of the principal of, premium, if any, or
interest, if any, on the Securities of such series in trust for the benefit of the Persons
entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as
herein provided;

     (b) give such Trustee notice of any default by the Company (or any other obligor upon
the Securities of such series) in the making of any payment of principal, premium, if any,
or interest, if any; and

     (c) at any time during the continuance of any such default, upon the written request of
the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent.

          The Company may at any time, for the purpose of obtaining the satisfaction and discharge of
this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay,
to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by
such Trustee upon the same trusts as those upon which such sums were held by the Company or such
Paying Agent; and, upon such payment by any Paying Agent to such Trustee, such Paying Agent shall
be released from all further liability with respect to such money.

          Section 12.04 Statement as to Compliance.

          The Company will file with the Trustee within four months after the close of each fiscal year
(which, until the Company shall otherwise notify the Trustee, shall be deemed to be the calendar
year) a brief certificate, which need not comply with Section 1.02 hereof, from the

57

 

principal
executive, financial or accounting officer of the Company as to his or her knowledge of the
Company’s compliance with all conditions and covenants under this Indenture (without regard to any
period of grace or requirement of notice provided in this Indenture).

          Section 12.05 Corporate Existence.

          Subject to Article X hereof, the Company will do or cause to be done all things necessary to
preserve and keep in full force and effect its corporate existence.

          Section 12.06 Permit No Vacancy in Office of Trustee.

          The Company, whenever necessary to avoid or fill a vacancy in the office of the Trustee for
the Securities of any series, will appoint, in the manner provided in Section 8.10 hereof, a
Trustee for the Securities of such series, so that there shall at all times be a Trustee for the
Securities of every series hereunder.

          Section 12.07 Waiver.

          Without limitation of the rights of the Holders and the Company with respect to waivers and
amendments set forth in Sections 7.13 and 11.02, the Company may omit in any particular instance to
comply with a covenant or provision hereof which non-compliance could constitute a default
hereunder (other than (i) a covenant or provision with respect to the payment of the principal of
(or premium, if any) or interest, if any, on any Security of any series, or in payment of any
sinking fund installment or analogous obligation with respect to the Securities of such series or
(ii) a covenant or provision which under Article XI hereof cannot be modified or amended
without the consent of the Holder of each Outstanding Security affected), if before or after the
time for such compliance the Holders of at least a majority in principal amount of the Securities
at the time Outstanding of any series affected by the omission shall, by Act of such Holders,
either waive such compliance in such instance or generally waive compliance with such covenant or
provision, but no such waiver shall extend to or affect such covenant or provision except to the
extent so expressly waived, and, until such waiver shall become effective, the obligations of the
Company and the duties of the Trustee in respect of any such covenant or provision shall remain in
full force and effect.

ARTICLE XIII

SUBORDINATION OF THE SECURITIES

          Section 13.01 Agreement to Subordinate.

          The Company agrees, and each Holder by accepting a Security agrees, that the indebtedness
evidenced by the Securities is subordinated in right of payment, to the extent and in the manner
provided in this Article XIII, to the prior payment in full of all existing and future Senior
Indebtedness of the Company and that the subordination is for the benefit of and enforceable by the
holders of such Senior Indebtedness. All provisions of this Article XIII shall be subject to
Section 13.12.

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          Section 13.02 Liquidation, Dissolution, Bankruptcy.

          Upon any payment or distribution of the assets of the Company to creditors upon a total or
partial liquidation or a total or partial dissolution of the Company or in a bankruptcy,
reorganization, insolvency, receivership or similar proceeding relating to the Company or its
property or upon an assignment by the Company for the benefit of creditors:

     (a) holders of Senior Indebtedness of the Company shall be entitled to receive payment
in full in cash (or other consideration acceptable to the applicable holder of Senior
Indebtedness) of such Senior Indebtedness (including interest accruing after, or which would
accrue but for, the commencement of any such proceeding at the rate specified in the
applicable Senior Indebtedness, whether or not a claim for such interest would be allowed)
before any payment or distribution (other than Permitted Junior Securities), whether in
cash, securities or other property, shall be made by the Company on account of principal,
interest or other amounts owing in respect of the Securities; and

     (b) until the Senior Indebtedness of the Company is paid in full in cash (or other
consideration acceptable to the applicable holder of Senior Indebtedness), any payment or
distribution (other than Permitted Junior Securities), whether in cash, securities or other
property, to which Holders would be entitled but for this Article XIII shall be made to
holders of such Senior Indebtedness, for application to the payment thereof, as their
interests may appear, except that the Holders may receive and retain payments made from the
trust described under Article VI, so long as, on the date or dates the respective amounts
were paid into the trust such payments were made with respect to the Securities without
violating this Article XIII.

          Section 13.03 Default on Senior Indebtedness.

          The Company may not pay principal of, premium (if any) or interest on, the Securities or make
any deposit pursuant to the provisions described under Section 6.02 and may not otherwise purchase,
redeem or otherwise retire any Securities (except that the Holders may receive and retain (a)
Permitted Junior Securities and (b) payments made from the trust described under Article VI)
(collectively, “pay the Securities”) if:

              (A) a default in the payment of the principal of, premium, if
any, or interest on any Senior Indebtedness of the Company occurs
and is continuing or any other amount owing in respect of any Senior
Indebtedness of the Company is not paid when due, or

              (B) any other default occurs with respect to Senior
Indebtedness of the Company and the maturity of such Senior
Indebtedness of the Company is accelerated in accordance with its
terms,

unless, in either case, the default has been cured or waived and any such acceleration has
been rescinded or such Designated Senior Indebtedness has been paid in full in cash (or
other consideration acceptable to the applicable holder of Senior Indebtedness).

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          Section 13.04 Acceleration of Payment of Securities.

          In the event that any Securities are declared due and payable before their Stated Maturity,
then and in such event the holders of Senior Indebtedness of the Company shall be entitled to
receive payment in full in cash (or other consideration acceptable to the applicable holder of
Senior Indebtedness) of such Senior Indebtedness (including interest accruing after, or which would
accrue but for, the commencement of any such proceeding at the rate specified in the applicable
Senior Indebtedness, whether or not a claim for such interest would be allowed) before any payment
or distribution, whether in cash, securities or other property, shall be made by the Company on
account of principal, interest or other amounts owing in respect of the Securities or on account of
purchase or other acquisition of Securities by the Company; provided, however, that nothing in this
Section 13.04 shall prevent the satisfaction of any sinking fund payment in accordance with this
Indenture or as otherwise specified for the Securities of any series by delivering and crediting
pursuant to Section 5.02 or as otherwise specified for the Securities of any series Securities
which have been acquired (upon redemption or otherwise) prior to such declaration of acceleration.

          Section 13.05 When Distribution Must Be Paid Over.

          If any distr
ibution is made to the Trustee or to the Holders that because of this Article
XIII should not have been made to them, the Trustee or such Holders who receive the
distribution, as applicable, shall hold such distribution in trust for holders of Senior
Indebtedness of the Company and shall, upon the written instruction of the Company, pay it over to
them as their interests may appear. Nothing contained in this Article XIII or elsewhere in this
Indenture shall prevent (a) the Company, at any time except under the conditions specified in
sections 13.02, 13.03 and 13.04, from making payments at any time of principal of (and premium, if
any) or interest on the Securities, or (b) the application by the Trustee of any money deposited
with it hereunder to the payment of or on account of the principal of (and premium, if any) or
interest on the Securities or the retention of such payment by the Holders if, at the time of such
application by the Trustee, the conditions specified in sections 13.02, 13.03 and 13.04 did not
exist.

          Section 13.06 Subrogation.

          After all Senior Indebtedness of the Company is paid in full and until the Securities are paid
in full, the Holders shall, to the extent of the payments or distributions made to the holders of
Senior Indebtedness pursuant to this Article XIII, be subrogated (equally and ratably with all
other indebtedness as to which the right to receive payment is pari passu with the Securities) to
the rights of holders of such Senior Indebtedness to receive distributions
applicable to Senior Indebtedness of the Company. A distribution made
under this Article XIII to holders of Senior Indebtedness which otherwise would have been made to the Holders is
not, as between the Company and the Holders, a payment by the Company on such Senior Indebtedness.

          Section 13.07 Relative Rights.

          This
Article XIII defines the relative rights of the Holders and holders of Senior
Indebtedness of the Company. Nothing in this Indenture shall:

60

 

     (a) impair, as between the Company and the Holders, the obligation of the Company,
which is absolute and unconditional, to pay principal of and interest on the Securities in
accordance with their terms; or

     (b) prevent the Trustee or any Holder from exercising its available remedies upon a
Default, subject to the rights of holders of Senior Indebtedness of the Company to receive
distributions otherwise payable to the Holders.

          Section 13.08 Subordination May Not Be Impaired by Company.

          No right of any holder of Senior Indebtedness of the Company to enforce the subordination of
the Indebtedness evidenced by the Securities shall be impaired by any act or failure to act by the
Company or by its failure to comply with this Indenture.

          Section 13.09 Rights of Trustee and Paying Agent.

          Notwithstanding Section 13.03, the Trustee or any Paying Agent may continue to make payments
on the Securities and shall not be charged with knowledge of the existence of facts that would
prohibit the making of any such payments unless, not less than two Business Days prior to the date
of such payment, a Responsible Officer of the Trustee receives notice satisfactory to it that
payments may not be made under this Article XIII. The Company, the Registrar, any Paying Agent,
a Representative or a holder of Senior Indebtedness of the Company may give the notice; provided,
however, that, if an issue of Senior Indebtedness of the Company has a Representative, only the
Representative may give the notice.

          The Trustee in
its individual or any other capacity may hold Senior Indebtedness of the
Company with the same rights it would have if it were not Trustee. The Registrar and any Paying
Agent may do the same with like rights. The Trustee shall be entitled to all the rights set forth
in this Article XIII with respect to any Senior Indebtedness of the Company which may at any
time be held by it, to the same extent as any other holder of such Senior Indebtedness; and nothing
in Article VIII shall deprive the Trustee of any of its rights as such holder. Nothing in this
Article XIII shall apply to claims of, or payments to, the Trustee under or pursuant to
Section 8.07 or any other Section of this Indenture.

          Section 13.10 Distribution or Notice to Representative.

          Whenever a distribution is to be made or a notice given to holders of Senior Indebtedness of
the Company, the distribution may be made and the notice given to their Representative (if any).

          Section 13.11 Article XIII Not to Prevent Events of Default or Limit Right to Accelerate.

          The failure to make a payment pursuant to the terms of the Securities by reason of any
provision in this Article XIII shall not be construed as preventing the occurrence of a Default
in respect thereof. Nothing in this Article XIII shall have any effect on the right of the
Holders or the Trustee to accelerate the maturity of the Securities.

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          Section 13.12 Trust Monies Not Subordinated.

          Notwithstanding anything contained herein to the contrary, payments from money or the proceeds
of U.S. Government Obligations held in trust under Article VI by the Trustee and deposited at a time
when permitted by the subordination provisions of this Article XIII for the payment of
principal of and interest on the Securities shall not be subordinated to the prior payment of any
Senior Indebtedness of the Company or subject to the restrictions set forth in this Article
XIII, and none of the Trustee or the Holders shall be obligated to pay over any such amount to
the Company or any holder of Senior Indebtedness of the Company or any other creditor of the
Company.

          Section 13.13 Trustee Entitled to Rely.

          Upon any payment or distribution pursuant to this Article XIII, the Trustee and the
Holders shall be entitled to rely (a) upon any order or decree of a court of competent jurisdiction
in which any proceedings of the nature referred to in Section 13.02 are pending, (b) upon a
certificate of the liquidating trustee or agent or other Person making such payment or distribution
to the Trustee or to the Holders or (c) upon the Representatives for the holders of Senior
Indebtedness of the Company for the purpose of ascertaining the Persons entitled to participate in
such payment or distribution, the holders of such Senior Indebtedness and other Indebtedness of the
Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon
and all other facts pertinent thereto or to this Article XIII. In the event that the Trustee
determines, in good faith, that evidence is required with respect to the right
of any Person as a holder of Senior Indebtedness of the Company to participate in any payment
or distribution pursuant to this Article XIII, the Trustee may request such Person to furnish
evidence to the reasonable satisfaction of the Trustee as to the amount of such Senior Indebtedness
held by such Person, the extent to which such Person is entitled to participate in such payment or
distribution and other facts pertinent to the rights of such Person under this Article XIII,
and, if such evidence is not furnished, the Trustee may defer any payment to such Person pending
judicial determination as to the right of such Person to receive such payment. The provisions of
Sections 8.01 and 8.02 shall be applicable to all actions or omissions of actions by the Trustee
pursuant to this Article XIII.

          Section 13.14 Trustee to Effectuate Subordination.

          Each Holder by accepting a Security authorizes and directs the Trustee on his behalf to take
such action as may be necessary or appropriate to acknowledge or effectuate the subordination
between the Holders and the holders of Senior Indebtedness of the Company as provided in this
Article XIII and appoints the Trustee as attorney-in-fact for any and all such purposes.

          Section 13.15 Trustee Not Fiduciary for Holders of Senior Indebtedness.

          The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior
Indebtedness of the Company and shall not be liable to any such holders if it shall mistakenly pay
over or distribute to the Holders or the Company or any other Person money or
assets to which any
holders of Senior Indebtedness of the Company shall be entitled by virtue of this Article XIII
or otherwise.

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          Section 13.16 Reliance by Holders of Senior Indebtedness on Subordination Provisions.

          Each Holder by accepting a Security acknowledges and agrees that the foregoing subordination
provisions are, and are intended to be, an inducement and a consideration to each holder of any
Senior Indebtedness of the Company, whether such Senior Indebtedness was created or acquired before
or after the issuance of the Securities, to acquire and continue to hold, or to continue to hold,
such Senior Indebtedness and such holder of such Senior Indebtedness shall be deemed conclusively
to have relied on such subordination provisions in acquiring and continuing to hold, or in
continuing to hold, such Senior Indebtedness.

          Without in any way limiting the generality of the foregoing paragraph, the holders of Senior
Indebtedness of the Company may, at any time and from time to time, without the consent of or
notice to the Trustee or the Holders, without incurring responsibility to the Trustee or the
Holders and without impairing or releasing the subordination provided
in this Article XIII or
the obligations hereunder of the Holders to the holders of the Senior Indebtedness of
the Company, do any one or more of the following: (i) change the manner, place or terms of
payment or extend the time of payment of, or renew or alter, Senior Indebtedness of the Company, or
otherwise amend or supplement in any manner Senior Indebtedness of the Company, or any instrument
evidencing the same or any agreement under which Senior Indebtedness of the Company is outstanding;
(ii) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise
securing Senior Indebtedness of the Company; (iii) release any Person liable in any manner for the
payment or collection of Senior Indebtedness of the Company; and (iv) exercise or refrain from
exercising any rights against the Company and any other Person.

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          IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of
the day and year first above written.

	 	 	 	 	 
	 	SELECTIVE INSURANCE GROUP, INC.

 	 
	 	By:  	
 	 
	 	 	Name:  	Dale A. Thatcher 	 
	 	 	Title:  	Executive Vice President,
Treasurer and Chief Financial
Officer 	 
	 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:EX-10.1

 

Exhibit 10.1

 

 

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

Dated as of September 15, 2006

among

PEABODY ENERGY CORPORATION,

as Borrower,

BANK OF AMERICA, N.A.,

as Administrative Agent, Swing Line Lender

and

L/C Issuer,

BANC OF AMERICA SECURITIES LLC,

and

CITIGROUP GLOBAL MARKETS INC.,

as

Joint Lead Arrangers and Joint Book Managers,

CITIBANK, N.A.,

as

Syndication Agent,

BNP PARIBAS,

CALYON,

and

THE ROYAL BANK OF SCOTLAND PLC,

as

Co-Documentation Agents,

and

The Other Lenders Party Hereto

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	Section	 	 	 	Page
	 
	 	 
	 	 	 	 
	ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS	 	 	1	 
	 
	 	 
	 	 	 	 
	     1.01.
	 	Defined Terms

	 	 	1	 
	     1.02.
	 	Other Interpretive Provisions

	 	 	29	 
	     1.03.
	 	Accounting Terms

	 	 	30	 
	     1.04.
	 	Exchange Rates; Currency Equivalents

	 	 	30	 
	     1.05.
	 	Additional Alternative Currencies

	 	 	31	 
	     1.06.
	 	Change of Currency

	 	 	32	 
	     1.07.
	 	Times of Day

	 	 	32	 
	     1.08.
	 	Letter of Credit Amounts

	 	 	32	 
	     1.09.
	 	Interrelationship with Existing Credit Agreement

	 	 	33	 
	     1.10.
	 	Confirmation of Existing Obligations

	 	 	33	 
	 
	 	 
	 	 	 	 
	ARTICLE II. THE COMMITMENTS AND CREDIT EXTENSIONS	 	 	33	 
	 
	 	 
	 	 	 	 
	     2.01.
	 	The Loans

	 	 	33	 
	     2.02.
	 	Borrowings, Conversions and Continuations of the Loans

	 	 	35	 
	     2.03.
	 	Letters of Credit

	 	 	37	 
	     2.04.
	 	Swing Line Loans

	 	 	45	 
	     2.05.
	 	Prepayments

	 	 	48	 
	     2.06.
	 	Termination or Reduction of Commitments

	 	 	49	 
	     2.07.
	 	Repayment of Loans

	 	 	50	 
	     2.08.
	 	Interest

	 	 	52	 
	     2.09.
	 	Fees

	 	 	52	 
	     2.10.
	 	Computation of Interest and Fees

	 	 	53	 
	     2.11.
	 	Evidence of Debt

	 	 	53	 
	     2.12.
	 	Payments Generally; Administrative Agent’s Clawback

	 	 	54	 
	     2.13.
	 	Pro Rata; Sharing of Payments by Lenders

	 	 	56	 
	 
	 	 
	 	 	 	 
	ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY	 	 	56	 
	 
	 	 
	 	 	 	 
	     3.01.
	 	Taxes

	 	 	56	 
	     3.02.
	 	Illegality

	 	 	59	 
	     3.03.
	 	Inability to Determine Rates

	 	 	59	 
	     3.04.
	 	Increased Costs; Reserves on Eurocurrency Rate Loans

	 	 	60	 
	     3.05.
	 	Compensation for Losses

	 	 	62	 
	     3.06.
	 	Mitigation Obligations; Replacement of Lenders

	 	 	63	 
	     3.07.
	 	Survival

	 	 	63	 
	 
	 	 
	 	 	 	 
	ARTICLE IV. CONDITIONS PRECEDENT	 	 	63	 
	 
	 	 
	 	 	 	 
	     4.01.
	 	Effective Date

	 	 	63	 
	     4.02.
	 	Conditions to Credit Extensions to Finance the Acquisition

	 	 	65	 

 

 

	 	 	 	 	 	 	 
	Section	 	 	 	Page
	     4.03.
	 	Conditions to all Credit Extensions

	 	 	66	 
	 
	 	 
	 	 	 	 
	ARTICLE V. REPRESENTATIONS AND WARRANTIES	 	 	67	 
	 
	 	 
	 	 	 	 
	     5.01.
	 	Existence, Qualification and Power

	 	 	67	 
	     5.02.
	 	Authorization; No Contravention

	 	 	67	 
	     5.03.
	 	Governmental Authorization

	 	 	67	 
	     5.04.
	 	Binding Effect

	 	 	68	 
	     5.05.
	 	Financial Statements; No Material Adverse Effect

	 	 	68	 
	     5.06.
	 	Litigation

	 	 	69	 
	     5.07.
	 	No Default

	 	 	69	 
	     5.08.
	 	Ownership of Property

	 	 	69	 
	     5.09.
	 	Environmental Compliance

	 	 	69	 
	     5.10.
	 	Insurance

	 	 	70	 
	     5.11.
	 	Taxes

	 	 	70	 
	     5.12.
	 	ERISA Compliance

	 	 	70	 
	     5.13.
	 	Subsidiaries

	 	 	71	 
	     5.14.
	 	Margin Regulations; Investment Company Act

	 	 	71	 
	     5.15.
	 	Disclosure

	 	 	71	 
	     5.16.
	 	Compliance with Laws

	 	 	71	 
	     5.17.
	 	Intellectual Property; Licenses, Etc.

	 	 	72	 
	 
	 	 
	 	 	 	 
	ARTICLE VI. AFFIRMATIVE COVENANTS	 	 	72	 
	 
	 	 
	 	 	 	 
	     6.01.
	 	Financial Statements

	 	 	72	 
	     6.02.
	 	Certificates; Other Information

	 	 	73	 
	     6.03.
	 	Notices

	 	 	74	 
	     6.04.
	 	Payment of Tax Obligations

	 	 	75	 
	     6.05.
	 	Preservation of Existence

	 	 	75	 
	     6.06.
	 	Maintenance of Properties

	 	 	75	 
	     6.07.
	 	Maintenance of Insurance

	 	 	75	 
	     6.08.
	 	Compliance with Laws

	 	 	75	 
	     6.09.
	 	Books and Records

	 	 	75	 
	     6.10.
	 	Inspection Rights

	 	 	75	 
	     6.11.
	 	Use of Proceeds

	 	 	76	 
	     6.12.
	 	Additional Subsidiary Guarantors

	 	 	76	 
	     6.13.
	 	Preparation of Environmental Reports

	 	 	76	 
	 
	 	 
	 	 	 	 
	ARTICLE VII. NEGATIVE COVENANTS	 	 	77	 
	 
	 	 
	 	 	 	 
	     7.01.
	 	Liens

	 	 	77	 
	     7.02.
	 	Investments

	 	 	79	 
	     7.03.
	 	Indebtedness

	 	 	80	 
	     7.04.
	 	Fundamental Changes

	 	 	81	 
	     7.05.
	 	Dispositions

	 	 	82	 
	     7.06.
	 	Restricted Payments

	 	 	82	 
	     7.07.
	 	Change in Nature of Business

	 	 	83	 

ii

 

	 	 	 	 	 	 	 
	Section	 	 	 	Page
	     7.08.
	 	Transactions with Affiliates

	 	 	83	 
	     7.09.
	 	Burdensome Agreements

	 	 	84	 
	     7.10.
	 	Use of Proceeds

	 	 	84	 
	     7.11.
	 	Financial Covenants

	 	 	84	 
	     7.12.
	 	Negative Pledges

	 	 	84	 
	 
	 	 
	 	 	 	 
	ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES	 	 	86	 
	 
	 	 
	 	 	 	 
	     8.01.
	 	Events of Default

	 	 	86	 
	     8.02.
	 	Remedies Upon Event of Default

	 	 	87	 
	     8.03.
	 	Application of Funds

	 	 	88	 
	 
	 	 
	 	 	 	 
	ARTICLE IX. ADMINISTRATIVE AGENT	 	 	89	 
	 
	 	 
	 	 	 	 
	     9.01.
	 	Appointment and Authority

	 	 	89	 
	     9.02.
	 	Rights as a Lender

	 	 	89	 
	     9.03.
	 	Exculpatory Provisions

	 	 	89	 
	     9.04.
	 	Reliance by Administrative Agent

	 	 	90	 
	     9.05.
	 	Delegation of Duties

	 	 	91	 
	     9.06.
	 	Resignation of Administrative Agent

	 	 	91	 
	     9.07.
	 	Non-Reliance on Administrative Agent and Other Lenders

	 	 	92	 
	     9.08.
	 	No Other Duties, Etc.

	 	 	92	 
	     9.09.
	 	Administrative Agent May File Proofs of Claim

	 	 	92	 
	     9.10.
	 	Guaranty Matters

	 	 	93	 
	 
	 	 
	 	 	 	 
	ARTICLE X. MISCELLANEOUS	 	 	93	 
	 
	 	 
	 	 	 	 
	     10.01.
	 	Amendments, Etc.

	 	 	93	 
	     10.02.
	 	Notices; Effectiveness; Electronic Communication

	 	 	95	 
	     10.03.
	 	No Waiver; Cumulative Remedies

	 	 	97	 
	     10.04.
	 	Expenses; Indemnity; Damage Waiver

	 	 	97	 
	     10.05.
	 	Payments Set Aside

	 	 	99	 
	     10.06.
	 	Successors and Assigns

	 	 	99	 
	     10.07.
	 	Treatment of Certain Information; Confidentiality

	 	 	103	 
	     10.08.
	 	Right of Setoff

	 	 	103	 
	     10.09.
	 	Interest Rate Limitation

	 	 	104	 
	     10.10.
	 	Counterparts; Integration; Effectiveness

	 	 	104	 
	     10.11.
	 	Survival of Representations and Warranties

	 	 	104	 
	     10.12.
	 	Severability

	 	 	105	 
	     10.13.
	 	Replacement of Lenders

	 	 	105	 
	     10.14.
	 	Governing Law; Jurisdiction; Etc.

	 	 	106	 
	     10.15.
	 	Waiver of Jury Trial

	 	 	107	 
	     10.16.
	 	USA PATRIOT Act Notice

	 	 	107	 
	     10.17.
	 	Time of the Essence

	 	 	107	 
	     10.18.
	 	Judgment Currency

	 	 	107	 
	     10.19.
	 	Existing Agreements Superseded

	 	 	108	 

iii

 

	 	 	 	 	 	 	 
	Section	 	 	 	Page
	SIGNATURES
	 	 

	 	S-1

iv

 

	 	 	 
	SCHEDULES
	 
	 	 
	     1.01(a)

	 	Mandatory Cost Formulae
	     1.01(b)

	 	Subsidiary Guarantors
	     1.01(c)

	 	Unrestricted Subsidiaries
	     1.01(d)

	 	Existing Letters of Credit
	     2.01

	 	Commitments and Applicable Percentages
	     5.09

	 	Environmental Matters
	     5.13

	 	Subsidiaries
	     5.17

	 	Intellectual Property
	     7.01

	 	Existing Liens
	     7.02

	 	Existing Investments
	     7.03

	 	Existing Indebtedness
	     7.09

	 	Negative Pledges
	     10.02

	 	Administrative Agent’s Office; Certain Addresses for Notices
	     10.06

	 	Processing and Recordation Fees
	 
	 	 
	EXHIBITS
	 

	 	Form of
	 
	 	 
	     A

	 	Borrowing Notice
	     B

	 	Swing Line Loan Notice
	     C-1

	 	Term Note
	     C-2

	 	Revolving Note
	     D

	 	Compliance Certificate
	     E

	 	Assignment and Assumption
	     F

	 	Amended and Restated Guarantee Agreement
	     G-1

	 	Opinion of Simpson, Thatcher & Bartlett LLP
	     G-2

	 	Opinion of Joe Bean, Esq.

v

 

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

     This THIRD AMENDED AND RESTATED CREDIT AGREEMENT (“Agreement”) is entered into as of
September 15, 2006, among PEABODY ENERGY CORPORATION, a Delaware corporation (the
“Borrower”), each lender from time to time party hereto (collectively, the
“Lenders” and individually, a “Lender”), BANK OF AMERICA, N.A., as Administrative
Agent, Swing Line Lender and L/C Issuer, and CITIBANK, N.A., as Syndication Agent, AMENDS AND
RESTATES IN FULL the Second Amended and Restated Credit Agreement dated as of March 21, 2003, by
and among the Borrower, Fleet Securities, Inc., Wachovia Securities, Inc. and Lehman Brothers Inc.,
each as arranger, Wachovia Bank, National Association and Lehman Commercial Paper Inc., each as
syndication agent, Morgan Stanley Senior Funding, Inc. and U.S. Bank National Association, each as
documentation agents and Fleet National Bank, as administrative agent for the Agents and the
lenders party thereto on the Effective Date (the “Original Lenders”), as amended through
the date hereof (the “Existing Credit Agreement”).

     WHEREAS, the Original Lenders previously extended credit to the Borrower under the Existing
Credit Agreement;

     WHEREAS, the Borrower has requested that the Existing Credit Agreement be amended and restated
in full as set forth herein;

     WHEREAS, the Original Lenders are willing so to amend and restate the Existing Credit
Agreement and to continue to extend credit to the Borrower, upon and subject to the terms and
conditions set forth herein;

     WHEREAS, it is the intent of the Borrower, the Original Lenders, the Lenders and the Agents
that this Agreement amend and restate in its entirety the Existing Credit Agreement and that, from
and after the Effective Date, the Existing Credit Agreement shall be of no force and effect except
to evidence the terms and conditions under which the Borrower heretofore has incurred obligations
and liabilities to the Original Lenders and the agents under the Existing Credit Agreement (as
evidenced by the Existing Credit Agreement and the books and records of the agents thereunder); and

     WHEREAS, this Agreement is made in renewal, amendment, restatement and modification of, but
not in extinguishment of, the obligations under the Existing Credit Agreement.

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

ARTICLE I.

DEFINITIONS AND ACCOUNTING TERMS

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

 

 

     “Accounting Change” means changes in accounting principles required by the
promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting
Standards Board of the American Institute of Certified Public Accountants or, if applicable, the
Securities and Exchange Commission.

     “A $” means the lawful currency of Australia.

     “Acquisition” means the proposed acquisition through a scheme of arrangement to
acquire all of the outstanding ordinary shares of Excel on the Acquisition Effective Date and the
payment of fees and expenses related thereto.

     “Acquisition Effective Date” means the date on which the Scheme is implemented,
currently expected to be on or before December 31, 2006, as such date may be postponed by the
parties to the Merger Agreement, and in no event no later than January 31, 2007.

     “Additional Extensions of Credit” has the meaning to set forth in Section
10.01.

     “Adjustment Date” means the date of receipt by the Administrative Agent of the
financial statements for the most recently completed fiscal period furnished pursuant to
Section 6.01, and the compliance certificate with respect to such financial statements
furnished pursuant to Section 6.02. For purposes of determining the Applicable Rate, the
first Adjustment Date shall be the third day following the date on which the financial statements
for the fiscal year ended December 31, 2006 furnished pursuant to Section 6.01 and the
related compliance certificate furnished pursuant to Section 6.02 are delivered to the
Administrative Agent.

     “Administrative Agent” means Bank of America in its capacity as administrative agent
under any of the Loan Documents, or any successor administrative agent.

     “Administrative Agent’s Fee Letter” means the letter agreement, dated September 15,
2006, between the Borrower and the Administrative Agent.

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

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

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

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

     “Agreement” means this Credit Agreement.

2

 

     “Alternative Currency” means each of Euro, Sterling, A $ and each other currency
(other than Dollars) that is approved in accordance with Section 1.05.

     “Alternative Currency Equivalent” means, at any date, with respect to any amount
denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as
determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the
basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase
of such Alternative Currency with Dollars on such date.

     “Alternative Currency Sublimit” means an amount equal to 30% of the aggregate
Revolving Credit Commitments. The Alternative Currency Sublimit is part of, and not in addition
to, the Aggregate Commitments.

     “Applicable Percentage” means (a) in respect of the Term Loan Facility, with respect
to any Term Loan Lender at any time, the percentage (carried out to the ninth decimal place) of the
Term Loan Facility represented by the sum of (i) such Term Loan Lender’s respective Term Loan
Commitments and (ii) the aggregate principal amount of such Term Loan Lender’s Term Loans
(including Delayed Draw Term Loans) then outstanding and (b) in respect of the Revolving Credit
Facility, with respect to any Revolving Credit Lender at any time, the percentage (carried out to
the ninth decimal place) of the Revolving Credit Facility represented by such Revolving Credit
Lender’s Revolving Credit Commitment at such time. If the commitment of each Revolving Credit
Lender to make Revolving Credit Loans and the obligation of the L/C Issuer to make L/C Credit
Extensions have been terminated pursuant to Section 8.02, or if the Revolving Credit
Commitments have expired, then the Applicable Percentage of each Revolving Credit Lender in respect
of the Revolving Credit Facility shall be determined based on the Applicable Percentage of such
Revolving Credit Lender in respect of the Revolving Credit Facility most recently in effect, giving
effect to any subsequent assignments. The initial Applicable Percentage of each Lender in respect
of each Facility is set forth opposite the name of such Lender on Schedule 2.01 or in the
Assignment and Assumption pursuant to which such Lender becomes a
party hereto, as applicable.

     “Applicable Rate” means, from time to time, the following percentages per annum, based
upon the Consolidated Leverage Ratio as set forth below:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Applicable Rate	 
	 	 	 	 	 	 	Eurocurrency	 	 	 	 	 	 	 
	 	 	 	 	 	 	Rate Loans and	 	 	 	 	 	 	 
	 	 	Consolidated	 	 	Letters of	 	 	Base Rate	 	 	Commitment	 
	Level	 	Leverage Ratio	 	 	Credit	 	 	Loans	 	 	Fee	 
	I
	 	 	≥ 3.25x	 	 	 	1.500	%	 	 	0.50	%	 	 	0.300	%
	II
	 	 	≥ 2.75x	 	 	 	1.250	%	 	 	0.25	%	 	 	0.250	%
	III
	 	 	≥ 2.25x	 	 	 	1.000	%	 	 	0.00	%	 	 	0.200	%
	IV
	 	 	≥ 1.50x	 	 	 	0.750	%	 	 	0.00	%	 	 	0.175	%
	V
	 	 	≥ 1.00x	 	 	 	0.625	%	 	 	0.00	%	 	 	0.150	%

3

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Applicable Rate	 
	 	 	 	 	 	 	Eurocurrency	 	 	 	 	 	 	 
	 	 	 	 	 	 	Rate Loans and	 	 	 	 	 	 	 
	 	 	Consolidated	 	 	Letters of	 	 	Base Rate	 	 	Commitment	 
	Level	 	Leverage Ratio	 	 	Credit	 	 	Loans	 	 	Fee	 
	VI
	 	 	< 1.00x	 	 	 	0.500	%	 	 	0.00	%	 	 	0.125	%

provided that, (a) the Applicable Rate will be determined as of the last day of the
immediately preceding fiscal quarter, provided that until the delivery of the Borrower’s compliance
certificate for the period ending December 31, 2006, the pricing will be locked at Level III, (b)
the Applicable Rate determined for any Adjustment Date (including the first Adjustment Date) shall
remain in effect until a subsequent Adjustment Date for which the Consolidated Leverage Ratio falls
within a different level, and (c) if the financial statements and related compliance certificate
for any fiscal period are not delivered by the date due pursuant to Sections 6.01 and
6.02, the Applicable Rate shall be (i) for the first 35 days subsequent to such due date,
the Applicable Rate in effect prior to such due date and (ii) thereafter, those set forth in Level
I, in either case, until the date of delivery of such financial statements and compliance
certificate, after which the Applicable Rate shall be based on the Consolidated Leverage Ratio set
forth in such compliance certificate.

     “Applicable Time” means, with respect to any borrowings and payments in any
Alternative Currency, the local time in the place of settlement for such Alternative Currency as
may be determined by the Administrative Agent or the L/C Issuer, as the case may be, and notified
in advance to the Borrower to be necessary for timely settlement on the relevant date in accordance
with normal banking procedures in the place of payment.

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

     “Arrangers” means Banc of America Securities LLC and Citigroup Global Markets Inc.,
each in its capacity as joint lead arrangers and joint book managers.

     “Assignee Group” means two or more Eligible Assignees that are Affiliates of one
another or two or more Approved Funds managed by the same investment advisor.

     “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 10.06(b), and accepted by the Administrative Agent, in substantially the form of
Exhibit E or any other form approved by the Administrative Agent, in accordance with
Section 10.06(b).

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

     “Audited Financial Statements” means, as applicable, (i) the audited consolidated
balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2005, and
the

4

 

related consolidated statements of income or operations, changes in shareholders’ equity and
cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto,
and (ii) the audited consolidated statement of financial position of Excel and its Subsidiaries for
the fiscal year ended June 30, 2005, and the related consolidated statements of financial
performance and cash flows for such fiscal year of Excel and its Subsidiaries, including the notes
thereto.

     “Availability Period” means (a) in respect of the Revolving Credit Facility, the
period from and including the Effective Date to the earliest of (i) the Maturity Date, (ii) the
date of termination of the Revolving Credit Commitments pursuant to Section 2.06, and (iii)
the date of termination of the commitment of each Lender to make Loans and of the obligation of the
L/C Issuer to make L/C Credit Extensions pursuant to Section 8.02, and (b) in respect of
the Delayed Draw Term Loan, the period from and including the Effective Date to the earliest of (i)
Delayed Draw Term Loan Commitment Termination Date and (ii) the date of termination of the
commitments of the respective Term Loan Lenders to make Term Loans pursuant to Section
8.02.

     “Bank of America” means Bank of America, N.A. and its successors.

     “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.

     “Base Rate Loan” means a Term Loan or a Revolving Credit Loan that bears interest
based on the Base Rate, as applicable. All Base Rate Loans shall be denominated in Dollars.

     “BBA LIBOR Daily Floating Rate” means a daily fluctuating rate of interest equal to
the rate per annum (rounded upwards to the nearest 1/100 of one percent) equal to BBA LIBOR, as
published by Reuters (or other commercially available source providing quotations of BBA LIBOR as
selected by the Swing Line Lender from time to time) as determined for each banking day at
approximately 11:00 a.m. London time two (2) London Banking Days prior to the date in question, for
U.S. Dollar deposits (for delivery on the first day of such interest period) with a one month term,
as adjusted from time to time, in the Swing Line Lender’s sole discretion for reserve requirements,
deposit insurance assessment rates and other regulatory costs. If such rate is not available at
such time for any reason, then the rate for that interest period will be determined by such
alternate method as reasonably selected by the Administrative Agent. A “London Banking Day” is a
day on which banks in London are open for business and dealing in offshore dollars.

     “Borrower” has the meaning specified in the introductory paragraph hereto.

     “Borrower Materials” has the meaning specified in Section 6.02.

5

 

     “Borrowing” means a Revolving Credit Borrowing, a Swing Line Borrowing, or a Term Loan
Borrowing, as the context may require.

     “Borrowing Notice” means a notice of (a) a Term Loan Borrowing, (b) a Revolving Credit
Borrowing, (c) a conversion of Term Loans or Revolving Credit Loans from one Type to the other, or
(d) a continuation of Eurocurrency Rate Loans, pursuant to Section 2.02(a), which, if in
writing, shall be substantially in the form of Exhibit A.

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

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

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

     (c) if such day relates to any interest rate settings as to a Eurocurrency Rate Loan
denominated in a currency other than Dollars or Euro, means any such day on which dealings
in deposits in the relevant currency are conducted by and between banks in the London or
other applicable offshore interbank market for such currency; and

     (d) if such day relates to any fundings, disbursements, settlements and payments in a
currency other than Dollars or Euro in respect of a Eurocurrency Rate Loan denominated in a
currency other than Dollars or Euro, or any other dealings in any currency other than
Dollars or Euro to be carried out pursuant to this Agreement in respect of any such
Eurocurrency Rate Loan (other than any interest rate settings), means any such day on which
banks are open for foreign exchange business in the principal financial center of the
country of such currency.

     “Capital Lease Obligations” means of any Person as of the date of determination, the
aggregate liability of such Person under Financing Leases reflected on a balance sheet of such
Person under GAAP.

     “Capital Stock” means any and all shares, interests, participations or other
equivalents (however designated) of capital stock of a corporation, any and all equivalent
ownership interests in a Person (other than a corporation) and any and all warrants or options to
purchase any of the foregoing, but excluding any securities convertible into or exchangeable for
shares of Capital Stock.

6

 

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

     “Change in Law” means the occurrence, after the date of this Agreement, of any of the
following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change
in any law, rule, regulation or treaty or in the administration, interpretation or application
thereof by any Governmental Authority or (c) the making or issuance of any request or directive
(whether or not having the force of law) by any Governmental Authority required to be complied with
by any Lender.

     “Change of Control” means:

     (a) an event or series of events by which any “person” or “group” (as such terms are
used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any
employee benefit plan of such person or its subsidiaries, and any person or entity acting in
its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes
the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange
Act of 1934), directly or indirectly, of 35% or more of the equity securities of the
Borrower entitled to vote for members of the board of directors or equivalent governing body
of the Borrower on a fully-diluted basis;

     (b) during any period of 12 consecutive months, a majority of the members of the board
of directors or other equivalent governing body of the Borrower cease to be composed of
individuals (i) who were members of that board or equivalent governing body on the first day
of such period, (ii) whose election or nomination to that board or equivalent governing body
was approved by individuals referred to in clause (i) above constituting at the time of such
election or nomination at least a majority of that board or equivalent governing body or
(iii) whose election or nomination to that board or other equivalent governing body was
approved by individuals referred to in clauses (i) and (ii) above constituting at the time
of such election or nomination at least a majority of that board or equivalent governing
body (excluding, in the case of both clause (ii) and clause (iii), any individual whose
initial nomination for, or assumption of office as, a member of that board or equivalent
governing body occurs as a result of an actual or threatened solicitation of proxies or
consents for the election or removal of one or more directors by any person or group other
than a solicitation for the election of one or more directors by or on behalf of the board
of directors); or

     (c) a “Change of Control” as defined in the Senior Notes Indenture, as amended,
restated, modified, replaced, or refinanced from time to time.

     “Code” means the Internal Revenue Code of 1986.

     “Commitment” means a Term Loan Commitment or a Revolving Credit Commitment, as the
context may require.

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

     “Consolidated Cash Interest Charges” means, for any period, for the Borrower and its
Restricted Subsidiaries on a consolidated basis, the sum of (a) all interest expense and letter of

7

 

credit fees and commissions of the Borrower and its Restricted Subsidiaries in connection with
borrowed money or other extensions of credit, in each case to the extent treated as interest in
accordance with GAAP and payable in cash, provided that Consolidated Cash Interest Charges
shall exclude prepayment premiums and penalties in connection with the redemption of the Senior
Notes.

     “Consolidated EBITDA” means, as of the last day of any period, Consolidated Net Income
for such period (excluding, without duplication, (a) Federal, state, local and foreign income tax
expense or benefit for such period, (b) noncash compensation expenses related to common stock and
other equity securities issued to employees, (c) extraordinary or non-recurring gains and losses in
accordance with GAAP, (d) gains or losses on discontinued operations and (e) any FAS 144
writedowns, in each case for such period), plus (i) consolidated interest expense,
determined in accordance with GAAP, plus (ii) any minority interests share of income and
losses for such period, plus (iii) to the extent deducted in computing such Consolidated
Net Income, the sum of all income taxes, depreciation, depletion and amortization of property,
plant, equipment and intangibles, plus (iv) any debt extinguishment costs, plus (v)
non-cash charges including non-cash charges due to cumulative effects of changes in accounting
principles, plus (vi) any amount of asset retirement obligations expense, plus
(vii) transaction costs, fees and expenses incurred during such period in connection with the
Acquisition or any other acquisition not prohibited hereunder or any issuance of debt or equity
securities by the Borrower or any of its Restricted Subsidiaries, in each case for such period.

     “Consolidated Funded Indebtedness” means, as of any date of determination, for the
Borrower and its Restricted Subsidiaries on a consolidated basis, the sum of (a) the outstanding
principal amount of all obligations, whether current or long-term, for borrowed money (including
Obligations hereunder) and all obligations evidenced by bonds, debentures, notes, loan agreements
or other similar instruments, (b) all direct obligations arising under standby letters of credit
(other than with respect to mine reclamation and workers compensation and other employee benefit
liabilities) and similar instruments, (c) all obligations in respect of the deferred purchase price
of property or services (other than (i) trade accounts payable in the ordinary course of business,
(ii) obligations under federal coal leases, and (iii) obligations under coal leases which may be
terminated at the discretion of the lessee), (d) Attributable Indebtedness in respect of Capital
Lease Obligations, (e) without duplication, all Guarantees with respect to outstanding Indebtedness
of the types specified in clauses (a) through (d) above of Persons other than the Borrower or any
Subsidiary (other than Guarantees of less than $25,000,000 individually and $75,000,000 in the
aggregate), and (f) amounts due under Permitted Securitization Programs (whether or not on the
balance sheet of the Borrower or its Restricted Subsidiaries), excluding the Existing
Securitization, provided that Consolidated Funded Indebtedness shall exclude (i) up to
$750,000,000 of junior subordinated equity-linked securities issued in conjunction with the
Acquisition, to the extent such equity-linked securities have received 50% equity credit from
Moody’s and 50% “intermediate equity credit” from S&P (or the respective equivalents thereto), and
(ii) with respect to any other junior subordinated equity-linked security, the percentage of equity
credit received from each of Moody’s and S&P (or if Moody’s and S&P provide different levels of
equity credit, the lesser percentage of equity credit received) for such additional equity-linked
security issuances, (iii) Non-Recourse Debt and (iv) the amount of obligations under any Guarantee
issued by the Borrower or any of its Restricted Subsidiaries existing on the Effective Date.

8

 

     “Consolidated Interest Coverage Ratio” means, as of any date of determination, the
ratio of (a) Consolidated EBITDA for the period of the four prior consecutive fiscal quarters
ending as of the date of the financial statements most recently delivered by the Borrower pursuant
to Section 6.01(a) or (b), as applicable, to (b) Consolidated Cash Interest Charges
for such period.

     “Consolidated Leverage Ratio” means, as of any date of determination, the ratio of (a)
Consolidated Funded Indebtedness as of the date of the financial statements most recently delivered
by the Borrower pursuant to Section 6.01(a) or (b), as applicable, to (b)
Consolidated EBITDA for the period of the four consecutive fiscal quarters ending as of the date of
such financial statements.

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

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

     “Control” means the possession, directly or indirectly, of the power to direct or
cause the direction of the management or policies of a Person, whether through the ability to
exercise voting power, by contract or otherwise. “Controlling” and “Controlled”
have meanings correlative thereto.

     “Converted Existing Term Loan” has the meaning set forth in Section 2.01(a).

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

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

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

     “Default Rate” means (a) when used with respect to Obligations other than Letter of
Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate, if
any, applicable to Base Rate Loans plus (iii) 2% per annum; provided, however, that
with respect to a Eurocurrency Rate Loan, the Default Rate shall be an interest rate equal to the
interest rate (including any Applicable Rate and any Mandatory Cost) otherwise applicable to such
Loan plus 2% per annum, and (b) when used with respect to Letter of Credit Fees, a rate equal to
the Applicable Rate plus 2% per annum.

     “Defaulting Lender” means any Lender that (a) has failed to fund any portion of the
Term Loans, Revolving Credit Loans, participations in L/C Obligations or participations in Swing
Line

9

 

Loans required to be funded by it hereunder within one Business Day of the date required to be
funded by it hereunder, (b) has otherwise failed to pay over to the Administrative Agent or any
other Lender any other amount required to be paid by it hereunder within one Business Day of the
date when due, unless the subject of a good faith dispute, or (c) has been deemed insolvent or
become the subject of a bankruptcy or insolvency proceeding.

     “Delayed Draw Term Loan” means a Term Loan made by a Lender to the Borrower after the
Effective Date pursuant to Section 2.01(a). It is understood and agreed that the Delayed
Draw Term Loans shall be Term Loans for all purposes of this Agreement, unless specifically
indicated to the contrary.

     “Delayed Draw Term Loan Commitment” means the commitment of a Lender to make or
otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such
commitments of all Lenders in the aggregate, in an aggregate principal amount at any one time
outstanding not to exceed the amount set forth opposite such Delayed Draw Term Loan Lender’s name
on Schedule 2.01 under the caption “Delayed Draw Term Loan Commitment” or opposite such
caption in the Assignment and Assumption pursuant to which such Delayed Draw Term Loan Lender
becomes a party hereto, as applicable, as such amount may be adjusted from time to time in
accordance with this Agreement. The aggregate amount of the Delayed Draw Term Loan Commitments as
of the Effective Date is $510,000,000.

     “Delayed Draw Term Loan Commitment Period” means the time period commencing on the
Effective Date through and including the Delayed Draw Term Loan Commitment Termination Date.

     “Delayed Draw Term Loan Commitment Termination Date” means the earliest to occur of
(i) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero, or (ii) the
Acquisition Effective Date.

     “Designated Letters of Credit” means letters of credit issued with respect to mine
reclamation, workers’ compensation and other employee benefit liabilities.

     “Disposition” or “Dispose” means the sale, transfer, license, lease or other
disposition (including any sale and leaseback transaction) of any property by any Person, including
any sale, assignment, transfer or other disposal, with or without recourse, of any notes or
accounts receivable or any rights and claims associated therewith.

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

     “Dollar Equivalent” means, at any date, (a) with respect to any amount denominated in
Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency,
the equivalent amount thereof in Dollars as determined by the Administrative Agent or the L/C
Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of
the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency.

     “Domestic Subsidiary” means any Subsidiary that is organized under the laws of any
political subdivision of the United States; provided, that in no event shall a Domestic
Subsidiary

10

 

that is a Subsidiary of a Foreign Subsidiary be considered a “Domestic Subsidiary” for
purposes of the Loan Documents.

     “Effective Date” means the first date all the conditions precedent in Section
4.01 are satisfied or waived in accordance with Section 10.01.

     “Eligible Assignee” means (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved
Fund; and (d) any other Person (other than a natural person) approved by (i) except in the case of
an assignee of any Loan held by either Arranger or any of its Affiliates, the Administrative Agent,
and (ii) unless an Event of Default has occurred and is continuing, the Borrower (each such
approval not to be unreasonably withheld or delayed); provided that notwithstanding the
foregoing, “Eligible Assignee” shall not include the Borrower or any of the Borrower’s Affiliates
or Subsidiaries; and provided further, however, unless an Event of Default
has occurred and is continuing, that an Eligible Assignee shall include only a Lender, an Affiliate
of a Lender or another Person, which, through its Lending Offices, is capable of lending to the
Borrower without the imposition of any additional Indemnified Taxes and assignment to such Person
would not, at the time of such assignment, result in the Borrower becoming liable to pay any
additional amount to such Person or any Governmental Authority pursuant to Section 3.01 or
Section 3.04.

     “EMU” means the economic and monetary union in accordance with the Treaty of Rome
1957, as amended by the Single European Act 1986, the Maastricht Treaty of 1992 and the Amsterdam
Treaty of 1998.

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

     “Environmental Laws” means any and all applicable current and future federal, state,
local and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees,
permits, concessions, grants, franchises, licenses, agreements or other governmental restrictions
or common law causes of action relating to (a) protection of 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 ambient air, surface, water,
ground water, or land, (b) human health as affected by Hazardous Substances, and (c) mining
operations and activities to the extent relating to environmental protection or reclamation,
including the Surface Mining Control and Reclamation Act, provided that “Environmental Laws” do not
include any laws relating to worker or retiree benefits, including benefits arising out of
occupational diseases.

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

11

 

     “Environmental Permits” means any and all permits, licenses, registrations,
notifications, exemptions and any other authorization required under any applicable Environmental
Law.

     “Equity Interests” means, with respect to any Person, all of the shares of capital
stock of (or other ownership or profit interests in) such Person, all of the warrants, options or
other rights for the purchase or acquisition from such Person of shares of capital stock of (or
other ownership or profit interests in) such Person, all of the securities convertible into or
exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person
or warrants, rights or options for the purchase or acquisition from such Person of such shares (or
such other interests), and all of the other ownership or profit interests in such Person (including
partnership, member or trust interests therein), whether voting or nonvoting, and whether or not
such shares, warrants, options, rights or other interests are outstanding on any date of
determination.

     “ERISA” means the Employee Retirement Income Security Act of 1974.

     “ERISA Affiliate” means any trade or business (whether or not incorporated) under
common control with the Borrower within the meaning of Section 414(b) or (c) of the Code (and
Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the
Code).

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

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

     “Eurocurrency Rate” means, for any Interest Period with respect to a Eurocurrency Rate
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 deposits in the
relevant currency (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
“Eurocurrency Rate” for such Interest Period shall be the rate per annum determined by the
Administrative Agent to be the rate at which deposits in the relevant currency for delivery on the
first day of such Interest Period in Same Day Funds in the approximate amount of the

12

 

Eurocurrency 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 (or other
Bank of America branch or Affiliate) to major banks in the London or other offshore interbank
market for such currency at their request at approximately 11:00 a.m. (London time) two Business
Days prior to the commencement of such Interest Period.

     “Eurocurrency Rate Loan” means a Term Loan or a Revolving Credit Loan that bears
interest at a rate based on the Eurocurrency Rate. Eurocurrency Rate Loans may be denominated in
Dollars or, solely with regards to Revolving Credit Loans, in an Alternative Currency. All
Revolving Credit Loans denominated in an Alternative Currency must be Eurocurrency Rate Loans.

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

     “Excel” means Excel Coal Limited, an Australian company.

     “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, the L/C
Issuer or any other recipient of any payment to be made by or on account of any obligation of the
Borrower hereunder, (a) branch profits taxes or taxes imposed on or measured by its overall net
income (however denominated), and franchise taxes imposed on it (in lieu of net income taxes), as a
result of a present or former connection between the Administrative Agent, such Lender or such L/C
Issuer (or such other recipient) and the jurisdiction of the Governmental Authority imposing such
tax or any political subdivision or taxing authority thereof or therein (other than any such
connection arising solely from the Administrative Agent, such Lender, or such L/C Issuer (or such
other recipient) having executed, delivered or performed its obligations or received a payment
under, or enforced, this Agreement or any Note) and (b) in the case of a Foreign Lender (other than
an assignee pursuant to a request by the Borrower under Section 10.13), any tax that is
imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party
hereto (or designates a new Lending Office) or is attributable to such Foreign Lender’s failure or
inability (other than as a result of a Change in Law after the date such Foreign Lender becomes a
party hereto) to comply with Section 3.01(e); except to the extent that such
Foreign Lender (or its assignor, if any) was entitled, at the time of the designation of a new
Lending Office (or assignment) to receive additional amounts from Borrower with respect to such
withholding tax pursuant to Section 3.01(a).

     “Existing Credit Agreement” has the meaning set forth in the recitals to this
Agreement.

     “Existing Letters of Credit” means the letters of credit set forth on Schedule
1.01(d).

     “Existing Securitization” means the accounts receivable securitization financing of
P&L Receivables Company LLC, existing as of the Effective Date.

     “Existing Term Loan” has the meaning set forth in Section 2.01(a)

     “Facility” means the Revolving Credit Facility or the Term Loan Facility, as the
context may require.

13

 

     “Federal Funds Rate” means, for any day, the rate per annum equal to the weighted
average of the rates on overnight Federal funds transactions with members of the Federal Reserve
System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank 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 as so published on the next succeeding Business Day, and (b) if no such
rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day
shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%)
charged to Bank of America on such day on such transactions as determined by the Administrative
Agent.

     “Fee Letter” means the letter agreement, dated August 3, 2006, among the Borrower, the
Administrative Agent and the Arrangers.

     “Financing Lease” means any lease of property, real or personal, the obligations of
the lessee in respect of which are required in accordance with GAAP to be capitalized on a balance
sheet of the lessee.

     “Foreign Lender” means, with respect to the Borrower, 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.

     “Foreign Subsidiary” means a Subsidiary that is organized under the laws of a
jurisdiction other than the United States or any state thereof or the District of Columbia and any
Subsidiary thereof.

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

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

     “GAAP” means generally accepted accounting principles in the United States set forth
in the opinions and pronouncements of the Accounting Principles Board and the American Institute of
Certified Public Accountants and statements and pronouncements of the Financial Accounting
Standards Board, that are applicable to the circumstances as of the date of determination;
provided, that with respect to any separate financial statements of Australian Subsidiaries
of the Borrower, “GAAP” shall mean generally accepted accounting principles in Australia to the
extent such principles are permitted to be applied in accordance with generally accepted accounting
principles in the United State of America; and provided, further, that with respect
to any separate financial statements of Excel, “GAAP” shall mean generally accepted accounting
principles in Australia.

     “Governmental Authority” means the government of the United States or any other
nation, or any political subdivision thereof, whether state or local, and any agency, authority,
instrumentality, regulatory body, court, central bank or other entity exercising executive,

14

 

legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government (including any supra-national bodies such as the European Union or the
European Central Bank).

     “Guarantee” means, as to any Person (the “guaranteeing person”), any obligation of (a)
the guaranteeing person or (b) another Person (including, without limitation, any bank under any
letter of credit) to the extent the guaranteeing person has issued a reimbursement,
counterindemnity or similar obligation in order to induce the creation of such obligation, in
either case guaranteeing or in effect guaranteeing any Indebtedness, leases, dividends or other
obligations (the “primary obligations”) of any other third Person (the “primary obligor”) in any
manner, whether directly or indirectly, including, without limitation, reimbursement obligations
under letters of credit and any obligation of the guaranteeing person, whether or not contingent,
(i) to purchase any such primary obligation or any property constituting direct or indirect
security therefor, (ii) to advance or supply funds (1) for the purchase or payment of any such
primary obligation or (2) to maintain working capital or equity capital of the primary obligor or
otherwise to maintain the net worth or solvency of the primary obligor, (iii) to purchase property,
securities or services primarily for the purpose of assuring the owner of any such primary
obligation of the ability of the primary obligor to make payment of such primary obligation or (iv)
otherwise to assure or hold harmless the owner of any such primary obligation against loss in
respect thereof; provided, however, that the term Guarantee Obligation shall not
include (i) indemnification or reimbursement obligations under or in respect of Surety Bonds or
Designated Letters of Credit, (ii) ordinary course performance guarantees by any Loan Party of the
obligations (other than for the payment of borrowed money) of any other Loan Party and (iii)
endorsements of instruments for deposit or collection in the ordinary course of business. The
amount of any Guarantee obligation of any guaranteeing person shall be deemed to be the lower of
(a) an amount equal to the stated or determinable amount of the primary obligation in respect of
which such Guarantee obligation is made and (b) the maximum amount for which such guaranteeing
person may be liable pursuant to the terms of the instrument embodying such Guarantee obligation,
unless such primary obligation and the maximum amount for which such guaranteeing person may be
liable are not stated or determinable, in which case the amount of such Guarantee obligation shall
be such guaranteeing person’s maximum reasonably anticipated liability in respect thereof as
determined by the Borrower in good faith. The term “Guarantee” as a verb has a corresponding
meaning.

     “Guarantor Subsidiary” means any Restricted Subsidiary that is a Domestic Subsidiary;
provided, that such term shall not include any Subsidiary not wholly-owned, directly or
indirectly, by the Borrower to the extent (but only so long as) it is prohibited by the terms of
any Contractual Obligation (including pursuant to any Organization Documents of such Subsidiary)
from guaranteeing the Obligations or any other obligations or liabilities guaranteed pursuant to
the terms of the Subsidiary Guaranty (it being understood that, for purposes of this definition,
the terms of any Contractual Obligation shall be deemed to prohibit such Guarantee if it would
constitute a breach or default under or result in the termination of or require the consent of any
Person (other than the Borrower or any of its Subsidiaries, or the Administrative Agent or the
Lenders in their respective capacities as such) under the security, agreement, instrument or other
undertaking giving rise to such Contractual Obligation); provided further, that
such Contractual Obligation is or was not created in contemplation of this definition.

15

 

     “Hazardous Materials” means (i) any explosive or radioactive substances or wastes and
(ii) any hazardous or toxic substances, materials or wastes, defined or regulated as such in or
under, or that could reasonably be expected to give rise to liability under, any applicable
Environmental Law, including, without limitation, asbestos, polychlorinated biphenyls,
urea-formaldehyde insulation, gasoline or petroleum (including crude oil or any fraction thereof)
or petroleum products or any coal ash, coal combustion by-products or waste, boiler slag, scrubber
residue or flue desulphurization residue.

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

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

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

     (b) all obligations of such Person arising under bankers’ acceptances issued for the
account of such Person;

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

     (d) all obligations of such Person to pay the deferred purchase price of property or
services (other than current trade liabilities incurred in the ordinary course of business
and payable in accordance with customary practices and accrued expenses incurred in the
ordinary course of business);

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

     (f) Capital Lease Obligations; and

     (g) all Guarantees of such Person in respect of any of the foregoing Indebtedness of
any other Person.

     The amount of any net obligation under any Swap Contract on any date shall be deemed to be the
Swap Termination Value thereof as of such date. The amount of any Capital Lease Obligation as of
any date shall be deemed to be the amount of Attributable Indebtedness in respect thereof as of
such date.

     “Indemnified Taxes” means Taxes other than Excluded Taxes.

     “Indemnitees” has the meaning specified in Section 10.04(b).

     “Information” has the meaning specified in Section 10.07.

16

 

     “Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan or a BBA
LIBOR Daily Floating Rate Loan, the last day of each Interest Period applicable to such Loan and
the Maturity Date; provided, however, that if any Interest Period for a
Eurocurrency Rate Loan exceeds three months, the respective dates that fall every three months
after the beginning of such Interest Period shall also be Interest Payment Dates; and (b) as to any
Base Rate Loan and any BBA LIBOR Daily Floating Rate Loan, the last Business Day of each March,
June, September and December and the Maturity Date.

     “Interest Period” means, as to each Eurocurrency Rate Loan, the period commencing on
the date such Eurocurrency Rate Loan is disbursed or converted to or continued as a Eurocurrency
Rate Loan and ending on the date one, two, three or six months thereafter, or nine or twelve months
thereafter if available to all Lenders making such Eurocurrency Rate Loan, as selected by the
Borrower in its Borrowing Notice; provided that:

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

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

     (iii) no Interest Period shall extend beyond the Maturity Date.

     “Investment” means, as to any Person, any direct or indirect acquisition or investment
by such Person, whether by means of (a) the purchase or other acquisition of Capital Stock or other
securities of another Person, (b) a loan, advance (excluding intercompany liabilities incurred in
the ordinary course of business in connection with the cash management operations of the Borrower
and its Subsidiaries) or capital contribution to, or purchase or other acquisition of any other
debt or equity participation or interest in, another Person, including any partnership or joint
venture interest in such other Person, or (c) the purchase or other acquisition (in one transaction
or a series of transactions) of assets of another Person that constitute a business unit. For
purposes of covenant compliance, the amount of any Investment shall be (i) the amount actually
invested, as determined immediately prior to the time of each such Investment, without adjustment
for subsequent increases or decreases in the value of such Investment minus (ii) the amount
of dividends or distributions received in connection with such Investment and any return of capital
and any payment of principal received in respect of such Investment that in each case is received
in cash, cash equivalents or short-term marketable debt securities. 

     “IP Rights” has the meaning specified in Section 5.17.

     “IRS” means the United States Internal Revenue Service.

     “ISP” means, with respect to any Letter of Credit, the “International Standby
Practices 1998” published by the Institute of International Banking Law & Practice (or such later
version thereof as may be in effect at the time of issuance).

17

 

     “Issuer Documents” means with respect to any Letter of Credit, the Letter of Credit
Application, and any other document, agreement and instrument entered into by the L/C Issuer and
the Borrower (or any Subsidiary) or in favor the L/C Issuer and relating to any such Letter of
Credit.

     “Joint Venture” means any Person (other than a Subsidiary) in which the Borrower and
its Subsidiaries collectively hold an ownership interest.

     “Laws” means, as to any Person, collectively, all international, foreign, Federal,
state and local statutes, treaties, rules, regulations, ordinances, codes, and determinations of
arbitrators or courts or other Governmental Authorities, in each case applicable to or binding upon
such Person or any of its property or to which such Person or any of its property is subject.

     “L/C Advance” means, with respect to each Lender, such Lender’s funding of its
participation in any L/C Borrowing in accordance with its Applicable Percentage. All L/C Advances
shall be denominated in Dollars.

     “L/C Borrowing” means an extension of credit resulting from a drawing under any Letter
of Credit which has not been reimbursed on the date when made or refinanced as a Borrowing. All
L/C Borrowings shall be denominated in Dollars.

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

     “L/C Issuer” means Bank of America in its capacity as issuer of Letters of Credit
hereunder, and such other Lender or Lenders that agree to act as L/C Issuer at the request of the
Borrower, and any successor issuer of Letters of Credit hereunder.

     “L/C Obligations” means, as at any date of determination, the aggregate amount
available to be drawn under all outstanding Letters of Credit plus the aggregate of all
Unreimbursed Amounts. For purposes of computing the amount available to be drawn under any Letter
of Credit, the amount of such Letter of Credit shall be determined in accordance with Section
1.08. For all purposes of this Agreement, if on any date of determination a Letter of Credit
has expired by its terms but any amount may still be drawn thereunder by reason of the operation of
Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so
remaining available to be drawn.

     “Lender” has the meaning specified in the introductory paragraph hereto and, as the
context requires, includes the Swing Line Lender.

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

     “Letter of Credit” means any letter of credit issued hereunder and shall include the
Existing Letters of Credit. Letters of Credit may be issued in Dollars or in an Alternative
Currency.

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

     “Letter of Credit Expiration Date” means the day that is five days prior to the
Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business
Day).

     “Letter of Credit Fee” has the meaning specified in Section 2.03(i).

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

     “Loan” means an extension of credit by a Lender to the Borrower under Article II in
the form of a Term Loan, a Revolving Credit Loan or a Swing Line Loan.

     “Loan Documents” means this Agreement, each Note, each Issuer Document, the Fee
Letter, the Administrative Agent’s Fee Letter and the Subsidiary Guaranty.

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

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

     “Material Adverse Effect” means a material adverse effect upon (a) the business,
assets, operations, property or condition (financial or otherwise) of the Borrower and its
Restricted Subsidiaries taken as a whole or (b) the validity or enforceability of this or any of
the other Loan Documents or the rights or remedies of the Agents or the Lenders hereunder or
thereunder.

     “Maturity Date” means September 15, 2011; provided, however, that, in
each case, if such date is not a Business Day, the Maturity Date shall be the immediately preceding
Business Day.

     “Merger Agreement” means that certain Merger Implementation Agreement, by and between
the Borrower and Excel, dated as of July 6, 2006.

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

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

     “Non-Recourse Debt” means Indebtedness (i) as to which neither the Borrower nor any of
its Restricted Subsidiaries (a) provides credit support of any kind (including any undertaking,
agreement or instrument that would constitute Indebtedness) other than a pledge of the equity

19

 

interests of any Unrestricted Subsidiary, (b) is directly or indirectly liable (as a guarantor
or otherwise) other than by virtue of a pledge of the equity interests of any Unrestricted
Subsidiary, or (c) constitutes the lender; (ii) no default with respect to which (including any
rights that the holders thereof may have to take enforcement action against any Unrestricted
Subsidiary) would permit (upon notice, lapse of time or both) any holder of any other Indebtedness
(other than the Obligations) of the Borrower or any of its Restricted Subsidiaries to declare a
default on such other Indebtedness or cause the payment thereof to be accelerated or payable prior
to its stated maturity; and (iii) as to which the lenders thereunder will not have any recourse to
the Capital Stock or assets of the Borrower or any of its Restricted Subsidiaries (other than the
equity interests of any Unrestricted Subsidiary).

     “Note” means a Term Note or a Revolving Credit Note, as the context may require.

     “Obligations” means all advances to, and debts, liabilities and obligations of, any
Loan Party arising under any Loan Document or otherwise with respect to any Loan or Letter of
Credit, whether direct or indirect (including those acquired by assumption), absolute or
contingent, due or to become due, now existing or hereafter arising and including interest and fees
that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any
proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding,
regardless of whether such interest and fees are allowed claims in such proceeding.

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

     “Original Lenders” has the meaning set forth in the recitals to this Agreement.

     “Other Taxes” means all present or future stamp or documentary taxes or any other
excise or property taxes, charges or similar levies arising from any payment made hereunder or
under any other Loan Document or from the execution, delivery or enforcement of, or otherwise with
respect to, this Agreement or any other Loan Document.

     “Outstanding Amount” means (i) with respect to Term Loans and Revolving Credit Loans
on any date, the Dollar Equivalent amount of the aggregate outstanding principal amount thereof
after giving effect to any borrowings and prepayments or repayments of such Term Loans and
Revolving Credit Loans occurring on such date; (ii) with respect to Swing Line Loans on any date,
the aggregate outstanding principal amount thereof after giving effect to any borrowings and
prepayments or repayments of such Swing Line Loans occurring on such date; and (iii) with respect
to any L/C Obligations on any date, the Dollar Equivalent amount of the aggregate outstanding
amount of such L/C Obligations on such date after giving effect to any

20

 

L/C Credit Extension occurring on such date and any other changes in the aggregate amount of
the L/C Obligations as of such date, including as a result of any reimbursements by the Borrower of
Unreimbursed Amounts.

     “Overnight Rate” means, for any day, (a) with respect to any amount denominated in
Dollars, the greater of (i) the Federal Funds Rate and (ii) an overnight rate determined by the
Administrative Agent, the L/C Issuer, or the Swing Line Lender, as the case may be, in accordance
with banking industry rules on interbank compensation, and (b) with respect to any amount
denominated in an Alternative Currency, the rate of interest per annum at which overnight deposits
in the applicable Alternative Currency, in an amount approximately equal to the amount with respect
to which such rate is being determined, would be offered for such day by a branch or Affiliate of
Bank of America in the applicable offshore interbank market for such currency to major banks in
such interbank market.

     “Participant” has the meaning specified in Section 10.06(d).

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

     “PBGC” means the Pension Benefit Guaranty Corporation established pursuant to Subtitle
A of Title IV of ERISA, or any successor thereto.

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

     “Permitted Securitization Programs” means (a) the Existing Securitization and (b) any
receivables securitization program pursuant to which the Borrower or any of its Subsidiaries sells
accounts receivable and related receivables, so long as any related Indebtedness incurred to
finance the purchase of such accounts receivable is not includible on the balance sheet of the
Borrower or any Subsidiary in accordance with GAAP and applicable regulations of the SEC;
provided, that the aggregate principle amount of all asset-backed securities issued
pursuant to such receivables securitization programs covered in (a) and (b) above shall not exceed
$325,000,000 at any time outstanding.

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

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

     “Platform” has the meaning specified in Section 6.02.

     “Prairie State Project” means that certain approximately 1,500 megawatt capacity
coal-fired electricity generation plant on a reclaimed mine site in Washington County, Illinois.

21

 

     “Production Payments” means with respect to any Person, all production payment
obligations and other similar obligations with respect to coal and other natural resources of such
Person that are recorded as a liability or deferred revenue on the financial statements of such
Person in accordance with GAAP.

     “Pro Forma Basis” means, for purposes of calculating the financial covenants set forth
in Section 7.11, that with respect to any acquisition or disposition, such acquisition or
disposition shall be deemed to have occurred as of the first day of the most recent four fiscal
quarter period preceding the date of such acquisition or disposition for which the Borrower has
delivered financial statements pursuant to Section 6.01. In connection with the foregoing,
(a) with respect to any acquisition, income statement items attributable to the Person or property
or assets acquired of shall be included to the extent relating to any period applicable in such
calculations to the extent (i) such items are not otherwise included in such income statement items
for the Borrower and its Restricted Subsidiaries in accordance with GAAP or in accordance with any
defined terms set forth in Section 1.01, (ii) such items are supported by financial
statements or other information reasonably satisfactory to the Administrative Agent and (iii) any
Indebtedness incurred or assumed by the Borrower or any Subsidiary (including the Person, property
or assets acquired) in connection with such acquisition and any Indebtedness of the Person,
property or assets acquired which is not retired in connection with such acquisition (A) shall be
deemed to have been incurred as of the first day of the most recent four fiscal quarter period
preceding the date for such acquisition and (B) if such Indebtedness has a floating or formula
rate, shall have an implied rate of interest for the most recent four fiscal quarter period
preceding the date of such acquisition for purposes of this definition determined by utilizing the
rate which is or would be in effect with respect to such Indebtedness as at the relevant date of
determination; and (b) with respect to any disposition, income statement items attributable to the
Person or property or assets being disposed of shall be excluded to the extent relating to any
period applicable in such calculations in accordance with the foregoing principles applicable to
acquisitions, mutatis mutandis.

     “Refinancing Indebtedness” has the meaning set forth in Section 7.03(c).

     “Register” has the meaning specified in Section 10.06(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.

     “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.

     “Replaced Term Loans” has the meaning set forth in Section 10.01.

     “Replacement Term Loans” has the meaning set forth in Section 10.01.

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

22

 

     “Request for Credit Extension” means (a) with respect to a Borrowing, conversion or
continuation of Term Loans or Revolving Credit Loans, a Borrowing Notice, (b) with respect to an
L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a
Swing Line Loan Notice.

     “Required Lenders” means, as of any date of determination, Lenders holding more than
50% of the sum of the (a) Total Outstandings (with the aggregate amount of each Revolving Credit
Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being
deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate
unused Revolving Credit Commitments and Delayed Draw Term Loan Commitments; provided that
the unused Commitment of, and the portion of the Total Outstandings held or deemed held by, any
Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders.

     “Required Revolving Lenders” means, as of any date of determination, Revolving Credit
Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the
aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in
L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for
purposes of this definition) and (b) aggregate unused Revolving Credit Commitments;
provided that the unused Revolving Credit Commitment of, and the portion of the Total
Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for
purposes of making a determination of Required Revolving Lenders.

     “Requirement of Law” means as to any Person, the Organizational 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
property or to which such Person or any of its property is subject.

     “Responsible Officer” means the chief executive officer, president or any vice
president of the Borrower or, with respect to financial matters, the chief financial officer,
treasurer or assistant treasurer of the Borrower.

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

     “Restricted Subsidiary” of a Person means any Subsidiary of the referent Person that
is not an Unrestricted Subsidiary.

     “Revaluation Date” means (a) with respect to any Loan, each of the following: (i)
each date of a Borrowing of a Eurocurrency Rate Loan denominated in an Alternative Currency, (ii)
each date of a continuation of a Eurocurrency Rate Loan denominated in an Alternative Currency
pursuant to Section 2.02, (iii) each date on which a payment of a Loan denominated in an
Alternative Currency is made or required to be made hereunder and (iv) such additional dates as

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the Administrative Agent shall determine or the Required Lenders shall require; and (b) with
respect to any Letter of Credit, each of the following: (i) each date of issuance of a Letter of
Credit denominated in an Alternative Currency, (ii) each date of an amendment of any such Letter of
Credit having the effect of increasing the amount thereof (solely with respect to the increased
amount), (iii) each date of any payment by the L/C Issuer under any Letter of Credit denominated in
an Alternative Currency, (iv) each date on which a reimbursement payment in respect of any Letter
of Credit denominated in an Alternative Currency is made or required to be made hereunder, (v) each
date on which the Borrower is required to Cash Collateralize any L/C Obligations in respect of any
Letter of Credit denominated in an Alternative Currency and (vi) such additional dates as the
Administrative Agent or the L/C Issuer shall determine or the Required Lenders shall require.

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

     “Revolving Credit Commitment” means, as to each Revolving Credit Lender, its
obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b),
(b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line
Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set
forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit
Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender
becomes a party hereto, as applicable, as such amount may be adjusted from time to time in
accordance with this Agreement. The aggregate amount of the Revolving Credit Commitments as of the
Effective Date is $1,800,000,000.

     “Revolving Credit Facility” means, at any time, the aggregate amount of the Revolving
Credit Lenders’ Revolving Credit Commitments at such time.

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

     “Revolving Credit Loan” has the meaning specified in Section 2.01(b).

     “Revolving Credit Note” means a promissory note made by the Borrower in favor of a
Revolving Credit Lender evidencing Revolving Credit Loans or Swing Line Loans, as the case may be,
made by such Revolving Credit Lender, substantially in the form of Exhibit C-2.

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

     “Same Day Funds” means (a) with respect to disbursements and payments in Dollars,
immediately available funds, and (b) with respect to disbursements and payments in an Alternative
Currency, same day funds as may be determined by the Administrative Agent or the L/C Issuer, as the
case may be, to be customary in the place of disbursement or payment for the settlement of
international banking transactions in the relevant Alternative Currency.

24

 

     “Scheme” means the scheme of arrangement used to acquire all the outstanding ordinary
shares of Excel.

     “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, the Sarbanes-Oxley Act of 2002 and the applicable accounting and auditing principles, rules,
standards and practices promulgated, approved or incorporated by the SEC or the Public Company
Accounting Oversight Board, as each of the foregoing may be amended and in effect on any applicable
date hereunder.

     “Senior Notes” means, collectively, (i) the $650,000,000 in aggregate principal amount
of the Borrower’s 6 7/8% Senior Notes, due 2013, and (ii) the $250,000,000 in aggregate principal
amount of the Borrower’s 5 7/8% Senior Notes due in 2016.

     “Senior Notes Indenture” means, collectively, (i) the Indenture, dated as of March 21,
2003, among the Borrower, the guarantors named therein and US Bank National Association, as
trustee, pursuant to which the 6 7/8% Senior Notes were issued, and (ii) the Indenture, dated as of
March 23, 2004, among the Borrower, the guarantors named therein and US Bank National Association,
as trustee, pursuant to which the 5 7/8% Senior Notes were issued.

     “Similar Business” means coal production, coal mining, coal gasification, coal
liquifaction, other BTU conversions, coal brokering, coal transportation, mine development,
electricity generation, power/energy sales and other energy related businesses, coal supply
contract restructurings, ash disposal, environmental remediation, coal and coal bed methane
exploration, production, marketing, transportation and distribution, real estate development and
other related businesses, and activities of the Borrower and its Subsidiaries as of the date hereof
and any business or activity that is reasonably similar thereto or a reasonable extension,
development or expansion thereof or ancillary thereto.

     “Special Notice Currency” means at any time an Alternative Currency, other than the
currency of a country that is a member of the Organization for Economic Cooperation and Development
at such time located in North America or Europe.

     “Spot Rate” for a currency means the rate determined by the Administrative Agent or
the applicable L/C Issuer, as applicable, to be the rate quoted by the Person acting in such
capacity as the spot rate for the purchase by such Person of such currency with another currency
through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two
Business Days prior to the date as of which the foreign exchange computation is made;
provided that the Administrative Agent or the applicable L/C Issuer may obtain such spot
rate from another financial institution designated by the Administrative Agent or the L/C Issuer if
the Person acting in such capacity does not have as of the date of determination a spot buying rate
for any such currency; and provided further that the applicable L/C Issuer may use
such spot rate quoted on the date as of which the foreign exchange computation is made in the case
of any Letter of Credit denominated in an Alternative Currency.

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

25

 

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

     “Subsidiary Guarantors” means, collectively, the subsidiaries of the Borrower listed
on Schedule 1.01(b).

     “Subsidiary Guaranty” means the certain Amended and Restated Guarantee made by the
Subsidiary Guarantors in favor of the Administrative Agent and the Lenders, substantially in the
form of Exhibit F.

     “Surety Bonds” means surety bonds obtained by the Borrower or any Restricted
Subsidiary in the ordinary course of business consistent with past practice and the indemnification
or reimbursement obligations of the Borrower or such Restricted Subsidiary in connection therewith.

     “Swap Contract” means any and all rate swap transactions, basis swaps, credit
derivative transactions, forward rate transactions, commodity swaps, commodity options, forward
commodity contracts, equity or equity index swaps or options, bond or bond price or bond index
swaps or options or forward bond or forward bond price or forward bond index transactions, interest
rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar
transactions, currency swap transactions, cross-currency rate swap transactions, currency options,
spot contracts, or any other similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether or not any such transaction is
governed by or subject to any master agreement.

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

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

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

     “Swing Line Lender” means Bank of America in its capacity as provider of Swing Line
Loans, or any successor swing line lender hereunder.

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

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

     “Swing Line Sublimit” means an amount equal to the lesser of (a) $50,000,000 and (b)
the Aggregate Commitments. The Swing Line Sublimit is part of, and not in addition to, the
Aggregate Commitments.

     “Tangible Assets” means at any date, with respect to any Person, (a) the sum of all
amounts that would, in accordance with GAAP, be set forth opposite the caption “total assets” (or
any like caption) on a consolidated balance sheet of such Person at such date minus (b) the sum of
all amounts that would, in accordance with GAAP, be set forth opposite the captions “goodwill” or
other intangible categories (or any like caption) on a consolidated balance sheet of such Person on
such date.

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

     “Taxes” means all present or future taxes, levies, imposts, duties, deductions,
withholdings, assessments, fees or other charges imposed by any Governmental Authority, including
any interest, additions to tax or penalties applicable thereto.

     “Term Loan” means an advance made by any Term Loan Lender under the Term Loan
Facility, including a Delayed Draw Term Loan.

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

     “Term Loan Commitment” means, as to each Term Loan Lender, its obligation to make Term
Loans, including Delayed Draw Term Loans, to the Borrower pursuant to Section 2.01(a) in an
aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite
such Term Loan Lender’s name on Schedule 2.01 under the caption “Term Loan Commitment” or
opposite such caption in the Assignment and Assumption pursuant to which such Term Loan Lender
becomes a party hereto, as applicable, as such amount may be adjusted from time to time in
accordance with this Agreement. The aggregate amount of Term Loan Commitments as of the Effective
Date is $950,000,000.

     “Term Loan Facility” means, at any time, (a) at any time during the Availability
Period in respect of such Facility, the sum of (i) the aggregate amount of the Term Loan
Commitments at such time, including Delayed Draw Term Loan Commitments and (ii) the aggregate
principal amount of the Term Loans of all Term Loan Lenders outstanding at such time, including
Delayed Draw Term Loans and (b) thereafter, the aggregate principal amount of the Term Loans of all
Term Loan Lenders outstanding at such time, including Delayed Draw Term Loans.

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     “Term Loan Lender” means (a) at any time on or prior to the Effective Date, any Lender
that has a Term Loan Commitment at such time and (b) at any time after the Effective Date, any
Lender that holds Term Loans at such time.

     “Term Note” means a promissory note made by the Borrower in favor of a Term Loan
Lender evidencing Term Loans made by such Term Loan Lender, substantially in the form of
Exhibit C-1.

     “Threshold Amount” means $50,000,000.

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

     “Total Revolving Credit Outstandings” means the aggregate Outstanding Amount of all
Revolving Credit Loans, Swing Line Loans and L/C Obligations.

     “Total Term Loan Outstandings” means the aggregate Outstanding Amount of all Term
Loans, including Delayed Draw Term Loans.

     “TXU Europe” means TXU Europe Limited, a Company organized under the laws of the
England and Wales.

     “Type” means, with respect to a Term Loan or a Revolving Credit Loan, its character as
a Base Rate Loan or a Eurocurrency Rate Loan.

     “UCP” means the Uniform Customs and Practice for Documentary Credits (1993 Revision),
International Chamber of Commerce Publication No. 500, as the same may be amended from time to
time.

     “Unfunded Pension Liability” means the excess of a Pension Plan’s accrued benefit
liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s
assets, determined in accordance with the actuarial assumptions used for funding the Pension Plan
pursuant to Section 412 of the Code for the applicable plan year.

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

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

     “Unrestricted Subsidiary” means any Subsidiary of the Borrower that the Borrower
notifies the Administrative Agent in writing is an “Unrestricted Subsidiary”, including, as of the
Effective Date, those entities listed on Schedule 1.01(c) hereto, but only to the extent
that such Subsidiary (a) has no Indebtedness other than Non-Recourse Debt; (b) is not a party to
any agreement, contract, arrangement or understanding with the Borrower or any Restricted
Subsidiary of the Borrower except as expressly permitted by Section 7.06; (c) is a Person
with respect to which neither the Borrower nor any of its Restricted Subsidiaries has any direct or
indirect obligation (x) to subscribe for additional equity interests in such Person, except with
respect to Investments permitted under Section 7.02 or (y) to maintain or preserve such
Person’s financial condition (except with respect to performance guarantees not prohibited
hereunder) or

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to cause such Person to achieve any specified levels of operating results; and (d) has not
guaranteed or otherwise directly or indirectly provided credit support for any Indebtedness of the
Borrower or any of its Restricted Subsidiaries. If, at any time, any Unrestricted Subsidiary would
fail to meet the foregoing requirements as an Unrestricted Subsidiary (or is redesignated by the
Borrower as a Restricted Subsidiary), it shall thereafter cease to be an Unrestricted Subsidiary
for purposes of this Agreement, any Indebtedness of such Subsidiary shall be deemed to be incurred
by a Restricted Subsidiary of the Borrower as of such date and any Investments in such Subsidiary
shall be deemed to be Investments in a Restricted Subsidiary of the Borrower as of such date (and,
if such Indebtedness or Investments are not permitted to be incurred hereunder the Borrower shall
be in default under this Agreement). At the time of any designation by the Borrower of any
Restricted Subsidiary as an Unrestricted Subsidiary, such designation shall be deemed (A) an
Investment in an Unrestricted Subsidiary in an amount equal to the sum of (i) the net worth of such
designated Restricted Subsidiary immediately prior to such designation (such net worth to be
calculated without regard to any Guarantee Obligation incurred by such designated Restricted
Subsidiary with respect to the Obligations) and (ii) the aggregate principal amount of any
Indebtedness owed by such designated Restricted Subsidiary to the Borrower or any other Restricted
Subsidiary immediately prior to such designation, all calculated, except as set forth in the
parenthetical to clause (i), on a consolidated basis in accordance with GAAP and (B) a Disposition
which must comply with the provisions of Section 7.05.

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

     (a) The definitions of terms herein shall apply equally to the singular and plural forms of
the terms defined. Whenever the context may require, any pronoun shall include the corresponding
masculine, feminine and neuter forms. The words “include,” “includes” and
“including” shall be deemed to be followed by the phrase “without limitation.” The word
“will” shall be construed to have the same meaning and effect as the word “shall.”
Unless the context requires otherwise, (i) any definition of or reference to any agreement,
instrument or other document (including any Organization Document) shall be construed as referring
to such agreement, instrument or other document as from time to time amended, supplemented or
otherwise modified (subject to any restrictions on such amendments, supplements or modifications
set forth herein or in any other Loan Document), (ii) any reference herein to any Person shall be
construed to include such Person’s successors and assigns, (iii) the words “herein,”
“hereof” and “hereunder,” and words of similar import when used in any Loan
Document, shall be construed to refer to such Loan Document in its entirety and not to any
particular provision thereof, (iv) all references in a Loan Document to Articles, Sections,
Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and
Schedules to, the Loan Document in which such references appear, (v) any reference to any law shall
include all statutory and regulatory provisions consolidating, amending, replacing or interpreting
such law and any reference to any law or regulation shall, unless otherwise specified, refer to
such law or regulation as amended, modified or supplemented from time to time, and (vi) the words
“asset” and “property” shall be construed to have the same meaning and effect and
to refer to any and all tangible and intangible assets and properties, including cash, securities,
accounts and contract rights.

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

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

     1.03. Accounting Terms.

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

     (b) Changes in GAAP. If at any time any Accounting Change would affect the
computation of any financial ratio or requirement set forth in any Loan Document, and either the
Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the
Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original
intent thereof in light of such Accounting Change as if such Accounting Change has not been made
(subject to the approval of the Required Lenders); provided that, until so amended,
all financial covenants, standards and terms in this Agreement shall continue to be calculated or
construed as if such Accounting Change had not occurred.

     (c) Pro Forma Basis Calculation. Notwithstanding the foregoing, the parties hereto
acknowledge and agree that all calculations of the Consolidated Interest Coverage Ratio and the
Consolidated Leverage Ratio for purposes of determining compliance with Section 7.11(a) and
(b) shall be made on a Pro Forma Basis (i) with respect to any acquisition by the Borrower
or its Restricted Subsidiaries of any Person, property or assets, if the Consolidated EBITDA for
the acquired Person or business for the most recent four fiscal quarter period for which financial
statements are available is equal to or greater than 5% of the Consolidated EBITDA of the Borrower
and its Restricted Subsidiaries for such period or if such acquired business is Excel and (ii) with
respect to any disposition by the Borrower or its Restricted Subsidiaries of any Person, property
or assets, if the Consolidated EBITDA for the Person or business being disposed of for the most
recent four fiscal quarter period for which financial statements are available was equal to or
exceeded 5% of the Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such
period.

     1.04. Exchange Rates; Currency Equivalents.

     (a) The Administrative Agent or the L/C Issuer, as applicable, shall determine the Spot Rates
as of each Revaluation Date to be used for calculating Dollar
Equivalent amounts of Credit Extensions and Outstanding Amounts denominated in Alternative Currencies. Such Spot
Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in
converting any amounts between the applicable currencies until the next Revaluation Date to

30

 

occur.
Except for purposes of financial statements delivered by Loan Parties hereunder or calculating
financial covenants hereunder or except as otherwise provided herein, the applicable amount of any
currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent
amount as so determined by the Administrative Agent or the L/C Issuer, as applicable.

     (b) Wherever in this Agreement in connection with a Borrowing, conversion, continuation or
prepayment of a Eurocurrency Rate Loan or the issuance, amendment or extension of a Letter of
Credit, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such
Borrowing, Eurocurrency Rate Loan or Letter of Credit is denominated in an Alternative Currency,
such amount shall be the relevant Alternative Currency Equivalent of such Dollar amount (rounded to
the nearest unit of such Alternative Currency, with 0.5 of a unit being rounded upward), as
determined by the Administrative Agent or the L/C Issuer, as the case may be.

     1.05. Additional Alternative Currencies.

     (a) The Borrower may from time to time request that Eurocurrency Rate Loans be made and/or
Letters of Credit be issued in a currency other than those specifically listed in the definition of
“Alternative Currency;” provided that such requested currency is a lawful currency (other
than Dollars) that is readily available and freely transferable and convertible into Dollars. In
the case of any such request with respect to the making of Eurocurrency Rate Loans, such request
shall be subject to the approval of the Administrative Agent and the Lenders; and in the case of
any such request with respect to the issuance of Letters of Credit, such request shall be subject
to the approval of the Administrative Agent and the L/C Issuer.

     (b) Any such request shall be made to the Administrative Agent not later than 11:00 a.m., ten
Business Days prior to the date of the desired Credit Extension (or such other time or date as may
be agreed by the Administrative Agent and, in the case of any such request pertaining to Letters of
Credit, the L/C Issuer, in its or their sole discretion). In the case of any such request
pertaining to Eurocurrency Rate Loans, the Administrative Agent shall promptly notify each Lender
thereof; and in the case of any such request pertaining to Letters of Credit, the Administrative
Agent shall promptly notify the L/C Issuer thereof. Each Lender (in the case of any such request
pertaining to Eurocurrency Rate Loans) or the L/C Issuer (in the case of a request pertaining to
Letters of Credit) shall notify the Administrative Agent, not later than 11:00 a.m., eight Business
Days after receipt of such request whether it consents, in its sole discretion, to the making of
Eurocurrency Rate Loans or the issuance of Letters of Credit, as the case may be, in such requested
currency.

     (c) Any failure by a Lender or the L/C Issuer, as the case may be, to respond to such request
within the time period specified in the preceding sentence shall be deemed to be a refusal by such
Lender or the L/C Issuer, as the case may be, to permit Eurocurrency Rate Loans to be
made or Letters of Credit to be issued in such requested currency. If the Administrative
Agent and all the Lenders consent to making Eurocurrency Rate Loans in such requested currency, the
Administrative Agent shall so notify the Borrower and such currency shall thereupon be deemed for
all purposes to be an Alternative Currency hereunder for purposes of any Borrowings of Eurocurrency
Rate Loans; and if the Administrative Agent and the L/C Issuer consent to the

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issuance of Letters
of Credit in such requested currency, the Administrative Agent shall so notify the Borrower and
such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder
for purposes of any Letter of Credit issuances. If the Administrative Agent shall fail to obtain
consent to any request for an additional currency under this Section 1.05, the
Administrative Agent shall promptly so notify the Borrower. Any specified currency of an Existing
Letter of Credit that is neither Dollars nor one of the Alternative Currencies specifically listed
in the definition of “Alternative Currency” shall be deemed an Alternative Currency with respect to
such Existing Letter of Credit only.

     (d) Notwithstanding the foregoing, all Loans the proceeds of which are used to finance the
Acquisition may only be denominated in Dollars.

     1.06. Change of Currency.

     (a) Each obligation of the Borrower to make a payment denominated in the national currency
unit of any member state of the European Union that adopts the Euro as its lawful currency after
the date hereof shall be redenominated into Euro at the time of such adoption (in accordance with
the EMU Legislation). If, in relation to the currency of any such member state, the basis of
accrual of interest expressed in this Agreement in respect of that currency shall be inconsistent
with any convention or practice in the London interbank market for the basis of accrual of interest
in respect of the Euro, such expressed basis shall be replaced by such convention or practice with
effect from the date on which such member state adopts the Euro as its lawful currency;
provided that if any Borrowing in the currency of such member state is outstanding
immediately prior to such date, such replacement shall take effect, with respect to such Borrowing,
at the end of the then current Interest Period.

     (b) Each provision of this Agreement shall be subject to such reasonable changes of
construction as the Administrative Agent may from time to time specify to be appropriate to reflect
the adoption of the Euro by any member state of the European Union and any relevant market
conventions or practices relating to the Euro.

     (c) Each provision of this Agreement also shall be subject to such reasonable changes of
construction as the Administrative Agent may from time to time specify to be appropriate to reflect
a change in currency of any other country and any relevant market conventions or practices relating
to the change in currency.

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

     1.08. Letter of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of
Credit at any time shall be deemed to be the Dollar Equivalent of the stated amount of such Letter
of Credit in effect at such time; provided, however, that with respect to any
Letter of Credit that, by its terms or the terms of any Issuer Document related thereto, provides
for one or more automatic increases in the stated amount thereof, the amount of such Letter of
Credit shall be deemed to be the Dollar Equivalent of the maximum stated amount of such Letter of
Credit after giving effect to all such increases, whether or not such maximum stated amount is in
effect at such time.

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     1.09. Interrelationship with Existing Credit Agreement. As stated in the preamble hereof,
this Credit Agreement is intended to amend and restate the provisions of the Existing Credit
Agreement and, notwithstanding any substitution of Notes as of the Effective Date, except as
expressly modified herein, (a) all of the terms and provisions of the Existing Credit Agreement
shall continue to apply for the period prior to the Effective Date, including any determinations of
payment dates, interest rates, Events of Default or any amount that may be payable to the Agents
(as defined in the Existing Credit Agreement) or the Original Lenders (or their assignees or
replacements hereunder), and (b) the Obligations (as defined in the Existing Credit Agreement)
under the Existing Credit Agreement shall continue to be paid or prepaid on or prior to the
Effective Date, and shall from and after the Effective Date continue to be owing and be subject to
the terms of this Credit Agreement. All references in the Notes and the other Credit Documents to
(i) the Existing Credit Agreement or the “Credit Agreement” shall be deemed to include references
to this Credit Agreement and (ii) the “Lenders” or a “Lender” or to the “Agents” or any Agent shall
mean such terms as defined in this Credit Agreement. As of the Effective Date all of the covenants
set forth in the Existing Credit Agreement are of no further force and effect, it being understood
that all obligations of the Borrower with respect to the Obligations (as defined in the Existing
Credit Agreement) shall be governed by this Credit Agreement from and after the Effective Date.

          1.10. Confirmation of Existing Obligations. The Borrower hereby (i) confirms and agrees that
it is truly and justly indebted to the Lenders (as assignees of the Original Lenders) in the
aggregate amount of the Obligations (as defined in the Existing Credit Agreement) outstanding
immediately prior to the Effective Date, including, without limitation, all accrued and unpaid
interest, fees and expenses that are due and owing in respect thereto, (ii) reaffirms and admits
the validity and enforceability of this Agreement and the other Loan Documents and all of its
obligations thereunder and (iii) agrees and admits that, as of the date hereof, it has no defenses
to, or offsets or counterclaim against, any of its obligations to the Agents or any Lender under
the Loan Documents of any kind whatsoever.

ARTICLE II.

THE COMMITMENTS AND CREDIT EXTENSIONS

     2.01. The Loans.

     (a) Subject to the terms and conditions set forth herein, (i) each Term Loan Lender severally
agrees to make a loan (a “Term Loan”) to the Borrower (or, pursuant to the immediately
succeeding sentence, agrees to convert all or a portion of such Lender’s term loans held under the
Existing Credit Agreement (an “Existing Term Loan”) into a Term Loan hereunder) in Dollars,
on the Effective Date in an aggregate principal amount not to exceed such Term Loan Lender’s
Applicable Percentage of the Term Loan Facility (excluding the Delayed Draw Term Loan Commitments),
and (ii) each Lender holding a Delayed Draw Term Loan Commitment severally agrees to make, in
Dollars during the Delayed Draw Term Loan Commitment Period, a delayed draw term loan which shall
be a Term Loan hereunder (a “Delayed Draw Term Loan”) to the Borrower in an aggregate
principal amount not to exceed such Term Loan Lender’s Applicable Percentage of the Delayed Draw
Term Loan Commitment; provided, however, that after giving effect to any Term Loan
Borrowing, (i) the Total Term Loan Outstandings shall not exceed the Term Loan Facility and (ii)
the aggregate Outstanding Amount

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of the Terms Loans of any Lender shall not exceed such Lender’s
Term Loan Commitment. In connection with the making of Term Loans on the Effective Date pursuant
to the immediately preceding sentence, any Lender that is a lender under the Existing Credit
Agreement shall make all or any portion of such Lender’s Term Loan by converting all of the
outstanding principal amount of any Existing Term Loan held by such Lender into a Term Loan in a
principal amount equal to the aggregate principal amount of the Existing Term Loans so converted
(each such Existing Term Loan, a “Converted Existing Term Loan”). On the Effective Date,
the Converted Existing Term Loans shall be converted for all purposes of this Agreement into Term
Loans, and the Administrative Agent shall record in the Register the aggregate amounts of Converted
Existing Term Loans into Term Loans. Each Term Loan Borrowing shall consist of Term Loans made
simultaneously by the Term Loan Lenders in accordance with their respective Applicable Percentage
of the Term Loan Facility. Amounts borrowed under this Section 2.01(a) and repaid or
prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as
further provided herein. Delayed Draw Term Loan Commitments not drawn on or prior to the Delayed
Draw Term Loan Commitment Termination Date (or, if earlier, the Acquisition Effective Date), shall
expire immediately after such date. Term Loan Commitments (other than Delayed Draw Term Loan
Commitments) not drawn on the Effective Date shall expire immediately after such date.

     (b) The Revolving Credit Borrowings. Subject to the terms and conditions set forth
herein, each Revolving Credit Lender severally agrees to make loans (each such loan, a
“Revolving Credit Loan”) to the Borrower (or, pursuant to the immediately succeeding
sentence, agrees to convert all or a portion of such Lender’s revolving credit loans held under the
Existing Credit Agreement (an “Existing Revolving Credit Loan”) into a Revolving Credit
Loan hereunder) in Dollars or in one or more Alternative Currencies from time to time, on any
Business Day during the Availability Period for the Revolving Credit Facility, in an aggregate
principal amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit
Commitment; provided, however, that after giving effect to any Revolving Credit
Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit
Facility, (ii) the aggregate Outstanding Amount of the Revolving Credit Loans of any Lender,
plus such Revolving Credit Lender’s Applicable Percentage of the Outstanding Amount of all
L/C Obligations, plus such Revolving Credit Lender’s Applicable Percentage of the
Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Credit Lender’s
Revolving Credit Commitment, and (iii) the aggregate Outstanding Amounts of all Revolving Credit
Loans
denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. On
the Effective Date, any Lender that is a lender under the Existing Credit Agreement shall make a
Revolving Credit Loan to the Borrower by converting all of the outstanding principal amount of any
Existing Revolving Credit Loan held by such Lender into a Revolving Credit Loan in a principal
amount equal to the aggregate principal amount of the Existing Revolving Credit Loans so converted
(each such Existing Term Loan, a “Converted Existing Revolving Credit Loan”). On the
Effective Date, the Converted Existing Revolving Credit Loans shall be converted for all purposes
of this Agreement into Revolving Credit Loans, and the Administrative Agent shall record in the
Register the aggregate amounts of Converted Existing Revolving Credit Loans into Revolving Credit
Loans. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and
subject to the other terms and conditions hereof, the Borrower may borrow under this Section
2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b).

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Revolving Credit Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided
herein.

     2.02. Borrowings, Conversions and Continuations of the Loans.

     (a) Each Term Loan Borrowing, each Revolving Credit Borrowing, each conversion of Term Loans
or Revolving Credit Loans from one Type to the other, and each continuation of Eurocurrency Rate
Loans shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may
be given by telephone. Each such notice must be received by the Administrative Agent not later
than 11:00 a.m. (i) three Business Days prior to the requested date of any Borrowing of, conversion
to or continuation of Eurocurrency Rate Loans, of any conversion of Eurocurrency Rate Loans, and
(ii) on the requested date of any Borrowing of Base Rate Loans; provided, however,
that if the Borrower wishes to request Eurocurrency Rate Loans having an Interest Period other than
one, two, three, or six months or, to the extent available to all Lenders making such Eurocurrency
Rate Loans, nine or twelve months in duration as provided in the definition of “Interest Period”,
the applicable notice must be received by the Administrative Agent not later than 11:00 a.m. (i)
four Business Days prior to the requested date of such Borrowing, conversion or continuation of
Eurocurrency Rate Loans denominated in Dollars, or (ii) five Business Days (or six Business days in
the case of a Special Notice Currency) prior to the requested date of such Borrowing, conversion or
continuation of Eurocurrency Rate Loans denominated in Alternative Currencies, whereupon the
Administrative Agent shall give prompt notice to the Lenders of such request and determine whether
the requested Interest Period is acceptable to all of them. Not later than 11:00 a.m., (i) three
Business Days before the requested date of such Borrowing, conversion or continuation of
Eurocurrency Rate Loans denominated in Dollars, or (ii) four Business Days (or five Business days
in the case of a Special Notice Currency) prior to the requested date of such Borrowing, conversion
or continuation of Eurocurrency Rate Loans denominated in Alternative Currencies, the
Administrative Agent shall notify the Borrower (which notice may be by telephone) whether or not
the requested Interest Period has been consented to by all the Lenders. Each telephonic notice by
the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the
Administrative Agent of a written Borrowing Notice, appropriately completed and signed by a
Responsible Officer of the Borrower. Each Borrowing of, conversion to or continuation of
Eurocurrency Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of
$1,000,000 in excess thereof. Except as provided in Sections 2.03(c) and
2.04(c), each Borrowing of or conversion to Base Rate Loans shall be in a principal amount
of $500,000 or a whole multiple of $100,000 in excess thereof. Each Borrowing Notice (whether
telephonic or written) shall specify (i) whether the Borrower is requesting a Term Loan Borrowing,
a Revolving Credit Borrowing, a conversion of Term Loans or Revolving Credit Loans from one Type to
the other, or a continuation of Eurocurrency Rate Loans, (ii) the requested date of the Borrowing,
conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal
amount of Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to
which existing Term Loans or Revolving Credit Loans are to be converted, (v) if applicable, the
duration of the Interest Period with respect thereto, and (vi) the currency of the Loans to be
borrowed. If the Borrower fails to specify a currency in a Borrowing Notice requesting a
Borrowing, then the Loans so requested shall be made in Dollars. If the Borrower fails to specify
a Type of Loan in a Borrowing Notice for Dollar Loans or if the Borrower fails to give a timely
notice requesting a conversion or continuation of Dollar Loans, then the applicable

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Term Loans or
Revolving Credit Loans shall be made as, or converted to, Base Rate Loans; provided,
however, that in the case of a failure to timely request a continuation of Loans
denominated in an Alternative Currency, such Loans shall be continued as Eurocurrency Rate Loans in
their original currency with an Interest Period of one month. Any such automatic conversion to
Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with
respect to the applicable Eurocurrency Rate Loans. If the Borrower requests a Borrowing of,
conversion to, or continuation of Eurocurrency Rate Loans in any such Borrowing Notice, but fails
to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.
No Loan may be converted into or continued as a Loan denominated in a different currency, but
instead must be prepaid in the original currency of such Loan and reborrowed in the other currency.

     (b) Following receipt of a Borrowing Notice, the Administrative Agent shall promptly notify
each Lender of the amount (and currency) of its Applicable Percentage under the applicable Facility
of the applicable Term Loans or Revolving Credit Loans, and if no timely notice of a conversion or
continuation is provided by the Borrower, the Administrative Agent shall notify each Lender of the
details of any automatic conversion to Base Rate Loans or continuation of Loans denominated in a
currency other than Dollars, in each case as described in the preceding subsection. In the case of
a Term Loan Borrowing or a Revolving Credit Borrowing, each applicable Lender shall make the amount
of its Loan available to the Administrative Agent in Same Day Funds at the Administrative Agent’s
Office for the applicable currency not later than 1:00 p.m., in the case of any Loan denominated in
Dollars, and not later than the Applicable Time specified by the Administrative Agent in the case
of any Loan in an Alternative Currency, in each case on the Business Day specified in the
applicable Borrowing Notice. Upon satisfaction of the applicable conditions set forth in
Section 4.03 (and, if such Borrowing is the initial Credit Extension, Section
4.01), or, in the case of Loans the proceeds of which are to be used to finance the
Acquisition, upon satisfaction of the applicable conditions set forth in Section 4.02, the
Administrative Agent shall make all funds so received available to the Borrower in like funds as
received by the Administrative Agent either by (i) crediting the account of the Borrower on the
books of Bank of America with the amount of such funds or (ii) wire transfer of such funds, in each
case in accordance with instructions provided to (and reasonably acceptable to) the Administrative
Agent by the Borrower; provided, however, that if, on the date a Borrowing Notice
with respect to a Revolving Credit Borrowing denominated in
Dollars is given by the Borrower, there are L/C Advances outstanding, then the proceeds of
such Revolving Credit Borrowing, first, shall be applied to the payment in full of any
Unreimbursed Amounts in respect thereof, and second, shall be made available to the
Borrower as provided above.

     (c) Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued or
converted only on the last day of an Interest Period for such Eurocurrency Rate Loan. During the
existence of a Default, no Loans may be requested as, converted to or continued as Eurocurrency
Rate Loans (whether in Dollars or any Alternative Currency) if the Required Lenders or the
Administrative Agent so notify the Borrower.

     (d) The Administrative Agent shall promptly notify the Borrower and the Lenders of the
interest rate applicable to any Interest Period for Eurocurrency Rate Loans upon determination of
such interest rate. At any time that Base Rate Loans are outstanding, the

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Administrative Agent
shall notify the Borrower and the Lenders of any change in Bank of America’s prime rate used in
determining the Base Rate promptly following the public announcement of such change.

     (e) After giving effect to all Borrowings, all conversions of Loans from one Type to the
other, and all continuations of Loans as the same Type, there shall not be more than twenty (20)
Interest Periods in effect hereunder.

     2.03. Letters of Credit.

     (a) The Letter of Credit Commitment. (i) Subject to the terms and conditions set
forth herein, (A) the L/C Issuer agrees, in reliance upon the agreements of the Revolving Credit
Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during
the period from the Effective Date until the Letter of Credit Expiration Date, to issue Letters of
Credit denominated in Dollars or in one or more Alternative Currencies for the account of the
Borrower or any Subsidiary, and to amend or extend Letters of Credit previously issued by it, in
accordance with Section 2.03(b), and (2) to honor drawings under the Letters of Credit; and
(B) the Revolving Credit Lenders severally agree to participate in Letters of Credit issued for the
account of the Borrower or any Subsidiary and any drawings thereunder; provided that after
giving effect to any L/C Credit Extension with respect to any Letter of Credit, (x) the Total
Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (y) the aggregate
Outstanding Amount of the Revolving Credit Loans of any Revolving Credit Lender, plus such
Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such
Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed
such Lender’s Revolving Credit Commitment. Each request by the Borrower or any Subsidiary for the
issuance or amendment of a Letter of Credit shall be deemed to be a representation by the Borrower
that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to
the preceding sentence. Within the foregoing limits, and subject to the terms and conditions
hereof, the Borrower’s ability to obtain Letters of Credit shall be fully revolving, and
accordingly the Borrower may, during the foregoing period, obtain Letters of Credit to replace
Letters of Credit that have expired or that have been drawn upon and
reimbursed. All Existing Letters of Credit shall be deemed to have been issued pursuant
hereto, and from and after the Effective Date shall be subject to and governed by the terms and
conditions hereof.

          (ii) No L/C Issuer shall issue any Letter of Credit if:

               (A) subject to Section 2.03(b)(iii), the expiry date of such requested Letter of
Credit would occur more than twelve months after the date of issuance or last extension, unless the
Required Revolving Lenders have approved such expiry date; or

               (B) the expiry date of such requested Letter of Credit would occur after the Letter of Credit
Expiration Date, unless all the Revolving Credit Lenders have approved such expiry date;

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

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

               (B) the issuance of such Letter of Credit would violate one or more policies of the L/C
Issuer;

               (C) except as otherwise agreed by the Administrative Agent and the L/C Issuer, such Letter of
Credit is to be denominated in a currency other than Dollars or an Alternative Currency;

               (D) the L/C Issuer does not as of the issuance date of such requested Letter of Credit issue
Letters of Credit in the requested currency;

               (E) such Letter of Credit contains any provisions for automatic reinstatement of the stated
amount after any drawing thereunder; or

               (F) such Letter of Credit contains any provisions for automatic reinstatement of the stated
amount after any drawing thereunder; or a default of any Lender’s obligations to fund under
Section 2.03(c) exists or any Lender is at such time a Defaulting Lender hereunder, unless
the L/C Issuer has entered into satisfactory arrangements with the Borrower or such Lender to
eliminate the L/C Issuer’s risk with respect to such Lender.

          (iv) The L/C Issuer shall not amend any Letter of Credit if the L/C Issuer would not be
permitted at such time to issue such Letter of Credit in its amended form under the terms hereof.

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

          (vi) The L/C Issuer shall act on behalf of the Revolving Credit Lenders with respect to any
Letters of Credit issued by it and the documents associated therewith, and the L/C Issuer shall
have all of the benefits and immunities (A) provided to the Administrative Agent in Article
IX with respect to any acts taken or omissions suffered by the L/C Issuer in connection with
Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to
such Letters of Credit as fully as if the term “Administrative Agent” as used in Article IX
included the L/C Issuer with respect to such acts or omissions, and (B) as additionally provided
herein with respect to the L/C Issuer.

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     (b) Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of
Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the
request of the Borrower delivered to an L/C Issuer (with a copy to the Administrative Agent) in the
form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer
of the Borrower. Such Letter of Credit Application must be received by such L/C Issuer and the
Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and
time as the Administrative Agent and such L/C Issuer may agree in a particular instance in their
sole discretion) prior to the proposed issuance date or date of amendment, as the case may be. In
the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit
Application shall specify in form and detail reasonably satisfactory to the L/C Issuer: (A) the
proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the
amount and currency thereof; (C) the expiry date thereof; (D) the name and address of the
beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing
thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any
drawing thereunder; and (G) such other matters as the L/C Issuer may reasonably require. In the
case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit
Application shall specify in form and detail reasonably satisfactory to the L/C Issuer (A) the
Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a
Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the L/C
Issuer may reasonably require. Additionally, the Borrower shall furnish to the L/C Issuer and the
Administrative Agent such other documents and information pertaining to such requested Letter of
Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or the
Administrative Agent may reasonably require.

          (ii) Promptly after receipt of any Letter of Credit Application, the applicable L/C Issuer will
confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent
has received a copy of such Letter of Credit Application from the Borrower and, if not, such L/C
Issuer will provide the Administrative Agent with a copy thereof. Unless such L/C Issuer has
received written notice from any Revolving Credit Lender, the
Administrative Agent or any Loan Party, at least one Business Day prior to the requested date
of issuance or amendment of the applicable Letter of Credit, that one or more applicable conditions
contained in Article IV shall not then be satisfied, then, subject to the terms and
conditions hereof, the L/C Issuer shall, on the requested date, issue a Letter of Credit for the
account of the Borrower or enter into the applicable amendment, as the case may be, in each case in
accordance with the L/C Issuer’s usual and customary business practices. Immediately upon the
issuance of each Letter of Credit, each Revolving Credit Lender shall be deemed to, and hereby
irrevocably and unconditionally agrees to, purchase from the L/C Issuer a risk participation in
such Letter of Credit in an amount equal to the product of such Revolving Credit Lender’s
Applicable Percentage times the amount of such Letter of Credit.

          (iii) If the Borrower so requests in any applicable Letter of Credit Application, an L/C Issuer
may, in its sole and absolute discretion, agree to issue a Letter of Credit that has automatic
extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any such
Auto-Extension Letter of Credit must permit the applicable L/C Issuer to prevent any such extension
at least once in each twelve-month period (commencing with the date of issuance of such Letter of
Credit) by giving prior notice to the beneficiary thereof not later than a day (the
“Non-Extension Notice Date”) in each such twelve-month period to be agreed upon at the time

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such Letter of Credit is issued. Unless otherwise directed by the applicable L/C Issuer, the
Borrower shall not be required to make a specific request to the applicable L/C Issuer for any such
extension. Once an Auto-Extension Letter of Credit has been issued, the Revolving Credit Lenders
shall be deemed to have authorized (but may not require) the applicable L/C Issuer to permit the
extension of such Letter of Credit at any time to an expiry date not later than the Letter of
Credit Expiration Date; provided, however, that the applicable L/C Issuer shall not
permit any such extension if (A) the L/C Issuer has determined that it would not be permitted, or
would have no obligation at such time to issue such Letter of Credit in its revised form (as
extended) under the terms hereof (by reason of the provisions of clause (ii) or (iii) of
Section 2.03(a)), or (B) it has received notice (which may be by telephone or in writing)
on or before the day that is five Business Days before the Non-Extension Notice Date from the
Administrative Agent or the Borrower that one or more of the applicable conditions specified in
Section 4.03 is not then satisfied, and in each such case directing the applicable L/C
Issuer not to permit such extension.

          (iv) If the Borrower so requests in any applicable Letter of Credit Application, an L/C
Issuer may, in its sole and absolute discretion, agree to issue a Letter of Credit that permits the
automatic reinstatement of all or a portion of the stated amount thereof after any drawing
thereunder (each, an “Auto-Reinstatement Letter of Credit”). Unless otherwise directed by
the applicable L/C Issuer, the Borrower shall not be required to make a specific request to the L/C
Issuer to permit such reinstatement. Once an Auto-Reinstatement Letter of Credit has been issued,
except as provided in the following sentence, the Revolving Credit Lenders shall be deemed to have
authorized (but may not require) the applicable L/C Issuer to reinstate all or a portion of the
stated amount thereof in accordance with the provisions of such Letter of Credit. Notwithstanding
the foregoing, if such Auto-Reinstatement Letter of Credit permits the applicable L/C Issuer to
decline to reinstate all or any portion of the stated amount thereof after a drawing thereunder by
giving notice of such non-reinstatement within a specified number of days after such drawing (the
“Non-Reinstatement Deadline”), the applicable L/C Issuer shall not permit such
reinstatement if it has received a notice (which may be by telephone or in writing)
on or before the day that is five Business Days before the Non-Reinstatement Deadline from the
Administrative Agent or the Borrower that one or more of the applicable conditions specified in
Section 4.03 is not then satisfied (treating such reinstatement as an L/C Credit Extension
for purposes of this clause) and, in each case, directing the applicable L/C Issuer not to permit
such reinstatement.

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

     (c) Drawings and Reimbursements; Funding of Participations. (i) Upon receipt from
the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the
L/C Issuer shall notify the Borrower and the Administrative Agent thereof. In the case of a Letter
of Credit denominated in an Alternative Currency, the Borrower shall reimburse the L/C Issuer in
such Alternative Currency, unless (A) the L/C Issuer (at its option) shall have specified in such
notice that reimbursement in Dollars is preferred and the Borrower does not make payment in the
applicable Alternative Currency on the Honor Date, in which case the Borrower

40

 

shall reimburse the
L/C Issuer in Dollars, or (B) otherwise, the Borrower shall have notified the L/C Issuer promptly
following receipt of the notice of drawing that the Borrower will reimburse the L/C Issuer in
Dollars. In the case of any such reimbursement in Dollars of a drawing under a Letter of Credit
denominated in an Alternative Currency, the L/C Issuer shall notify the Borrower of the Dollar
Equivalent of the amount of the drawing promptly following the determination thereof. The Borrower
shall reimburse the L/C Issuer through the Administrative Agent in an amount equal to the amount of
such drawing and in the applicable currency on the date on which the Borrower receives notice of
any payment by the L/C Issuer under a Letter of Credit, provided that the Borrower receives
notice by 1:00 p.m., New York City time for payments in Dollars or by the Applicable Time for
payments in Alternative Currencies, or on the next Business Day if notice is not received by such
time (each such date, an “Honor Date”). If the Borrower fails to so reimburse the L/C
Issuer by the time set forth in the preceding sentence, the applicable L/C Issuer shall promptly
notify the Administrative Agent of the Honor Date, the amount of the unreimbursed drawing
(expressed in Dollars in the amount of the Dollar Equivalent thereof in the case of a Letter of
Credit denominated in an Alternative Currency) (the “Unreimbursed Amount”). The
Administrative Agent shall promptly notify each Revolving Credit Lender thereof and of the amount
of such Revolving Credit Lender’s Applicable Percentage thereof. Any notice given by the L/C
Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by
telephone if immediately confirmed in writing; provided that the lack of such an immediate
confirmation shall not affect the conclusiveness or binding effect of such notice.

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

          (iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Revolving
Credit Borrowing of Base Rate Loans because the conditions set forth in Section 4.03 cannot
be satisfied or for any other reason, the Borrower shall be deemed to have incurred from the L/C
Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which
L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest
at (A) the rate applicable to Base Rate Loans from the Honor Date to the date reimbursement is
required pursuant to Section 2.03(c)(i) and (B) thereafter, the Default Rate. Each
Revolving Credit Lender’s payment to the Administrative Agent for the account of the L/C Issuer
pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in
such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its
participation obligation under this Section 2.03.

          (iv) Until each Revolving Credit Lender funds its L/C Advance pursuant to this Section
2.03(c) to reimburse the L/C Issuer for any amount drawn under any Letter of Credit, interest
in respect of such Lender’s Applicable Percentage of such amount shall be solely for the account of
the L/C Issuer.

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          (v) Each Revolving Credit Lender’s obligation to make L/C Advances to reimburse the L/C
Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c),
shall be absolute and unconditional and shall not be affected by any circumstance, including (A)
any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the
L/C Issuer, the Borrower or any other Person for any reason whatsoever; (B) the occurrence or
continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar
to any of the foregoing; provided, however, that each Revolving Credit Lender’s
obligation to make Revolving Credit Loans pursuant to this Section 2.03(c) is subject to
the conditions set forth in Section 4.03 (other than delivery by the Borrower of a
Borrowing Notice). No such making of an L/C Advance shall relieve or otherwise impair the
obligation of the Borrower to reimburse the L/C Issuer for the amount of any payment made by the
L/C Issuer under any Letter of Credit, together with interest as provided herein.

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

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

          (ii) If any payment received by the Administrative Agent for the account of the L/C Issuer
pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances
described in Section 10.05 (including pursuant to any settlement entered into by the L/C
Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for
the account of the L/C Issuer its Applicable Percentage thereof on demand of the Administrative
Agent, plus interest thereon from the date of such demand to the date such amount is
returned by such Lender, at a rate per annum equal to the applicable Overnight Rate from time to
time in effect. The obligations of the Lenders under this clause shall survive the payment in full
of the Obligations and the termination of this Agreement.

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     (e) Obligations Absolute. The obligation of the Borrower to reimburse the L/C Issuer
for each drawing under each Letter of Credit and to repay each Unreimbursed Amount shall be
absolute, unconditional and irrevocable under all circumstances, including the following:

          (i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any
other Loan Document;

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

          (iii) any draft, demand, certificate or other document presented under such Letter of Credit
proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein
being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of
any document required in order to make a drawing under such Letter of Credit, except to the extent
caused by the L/C Issuer’s gross negligence or willful misconduct;

          (iv) any payment by the L/C Issuer under such Letter of Credit against presentation of a draft
or certificate that does not strictly comply with the terms of such Letter of Credit, so long as
the L/C Issuer shall have determined in the absence of gross negligence or willful misconduct, in
good faith and in accordance with the standard of care specified in the Uniform Commercial Code of
the State of New York, that the documents (including each draft) delivered under such Letter of
Credit in connection with such presentment appear on their face to be in conformity with such
Letter of Credit;

          (v) any adverse change in the relevant exchange rates or in the availability of the relevant
Alternative Currency to the Borrower or any Subsidiary or in the relevant currency markets
generally; or

          (vi) any other action taken or omitted to be taken by the L/C Issuer under or in connection
with any Letter of Credit or the related drafts or documents, whether or not similar to any of the
foregoing, if done in the absence of gross negligence or willful misconduct, in good faith and in
accordance with the standards of care specified in the Uniform Commercial Code of the State of New
York.

     The Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto
that is delivered to it and, in the event of any claim of noncompliance with the Borrower’s
instructions or other irregularity, the Borrower will promptly notify the L/C Issuer. The Borrower
shall be conclusively deemed to have waived any such claim against the L/C Issuer and its
correspondents unless such notice is given as aforesaid.

     (f) Role of L/C Issuer. Each Lender and the Borrower agree that, in paying any
drawing under a Letter of Credit, the L/C Issuer shall not have any responsibility to obtain any
document (other than any sight draft, certificates and documents expressly required by the Letter

43

 

of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the
authority of the Person executing or delivering any such document. None of the L/C Issuer, the
Administrative Agent, any of their respective Related Parties nor any correspondent, participant or
assignee of the L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in
connection herewith at the request or with the approval of the Revolving Credit Lenders or the
Required Revolving Lenders, as applicable; (ii) any action taken or omitted in the absence of gross
negligence or willful misconduct; or (iii) the due execution, effectiveness, validity or
enforceability of any document or instrument related to any Letter of Credit or Issuer Document.
The Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee
with respect to its use of any Letter of Credit; provided, however, that this
assumption is not intended to, and shall not, preclude the Borrower’s pursuing such rights and
remedies as it may have against the beneficiary or transferee at law or under any other agreement.
Notwithstanding anything to the contrary herein, the Borrower may have a claim against the L/C
Issuer, and the L/C Issuer may be liable to the Borrower, to the extent, but only to the extent, of
any direct, as opposed to consequential or exemplary, damages suffered by the Borrower which the
Borrower proves were caused by the L/C Issuer’s willful misconduct or gross negligence or the L/C
Issuer’s willful failure to pay under any Letter of Credit after the presentation to it by the
beneficiary or transferee of a sight draft and certificate(s) strictly complying with the terms and
conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, the L/C
Issuer may accept documents that appear on their face to be in order, without responsibility for
further investigation, regardless of any notice or information to the contrary, and the L/C Issuer
shall not be responsible for the validity or sufficiency of any instrument transferring or
assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits
thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective
for any reason.

     (g) Cash Collateral. (i) Upon the request of the Administrative Agent, if, as of the
Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the
Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of
all L/C Obligations.

          (ii) Sections 2.05 and 8.02(c) set forth certain additional requirements to
deliver Cash Collateral hereunder. For purposes of this Section 2.03, Section 2.05
and Section 8.02(c), “Cash Collateralize” means to pledge and deposit with or
deliver to the Administrative Agent, for the benefit of the L/C Issuer and the Lenders, as
collateral for the L/C Obligations, cash or deposit account balances pursuant to documentation in
form and substance reasonably satisfactory to the Administrative Agent and the L/C Issuer (which
documents are hereby consented to by the Lenders). Derivatives of such term have corresponding
meanings. The Borrower hereby grants to the Administrative Agent, for the benefit of the L/C
Issuer and the Lenders, a security interest in all such cash, deposit accounts and all balances
therein and all proceeds of the foregoing. Cash Collateral shall be maintained in blocked,
non-interest bearing deposit accounts at Bank of America.

     (h) Applicability of ISP and UCP. Unless otherwise expressly agreed by the L/C Issuer
and the Borrower when a Letter of Credit is issued (including any such agreement applicable to an
Existing Letter of Credit), the rules of the ISP shall apply to each standby Letter of Credit and
the rules of the UCP shall apply to each commercial Letter of Credit.

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     (i) Letter of Credit Fees. The Borrower shall pay to the Administrative Agent for the
account of each Revolving Credit Lender in accordance with its Applicable Percentage a Letter of
Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable
Rate for Eurocurrency Rate Loans times the Dollar Equivalent of the daily amount available
to be drawn under such Letter of Credit. For purposes of computing the daily amount available to
be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in
accordance with Section 1.08. Letter of Credit Fees shall be (i) computed on a quarterly
basis in arrears and (ii) due and payable on the first Business Day of each March, June, September
and December, commencing with the first such date to occur after the issuance of such Letter of
Credit, on the Letter of Credit Expiration Date and thereafter on demand. If there is any change
in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter
of Credit shall be computed and multiplied by the Applicable Rate separately for each period during
such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary
contained herein, upon the request of the Required Revolving Lenders, while any Event of Default
exists, all Letter of Credit Fees shall accrue at the Default Rate.

     (j) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The
Borrower shall pay directly to the L/C Issuer for its own account, in Dollars, a fronting fee with
respect to each Letter of Credit, at the rate of 0.125% per annum on the face amount drawn under
each Letter of Credit, computed on the Dollar Equivalent of the daily amount available to be drawn
under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and
payable on the first Business Day of each March, June, September and December in respect of the
most recently-ended quarterly period (or portion thereof, in the case of the first payment),
commencing with the first such date to occur after the issuance of such Letter of Credit, on the
Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily
amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall
be determined in accordance with Section 1.08. In addition, the Borrower
shall pay directly to the L/C Issuer for its own account, in Dollars, the customary issuance,
presentation, amendment and other processing fees, and other standard costs and charges, of the L/C
Issuer relating to letters of credit as from time to time in effect. Such customary fees and
standard costs and charges are due and payable on demand and are nonrefundable.

     (k) Conflict with Issuer Documents. In the event of any conflict between the terms
hereof and the terms of any Issuer Document, the terms hereof shall control.

     (l) Letters of Credit Issued for Restricted Subsidiaries. Notwithstanding that a
Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the
account of, a Restricted Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer
hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges
that the issuance of Letters of Credit for the account of Restricted Subsidiaries inures to the
benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the
businesses of such Restricted Subsidiaries.

     2.04. Swing Line Loans.

     (a) The Swing Line. Subject to the terms and conditions set forth herein, the Swing
Line Lender agrees, in reliance upon the agreements of the other Lenders set forth in this
Section

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2.04, to make loans in Dollars (each such loan, a “Swing Line Loan”) to the
Borrower from time to time on any Business Day during the Availability Period in an aggregate
principal amount not to exceed at any time outstanding the amount of the Swing Line Sublimit,
notwithstanding the fact that such Swing Line Loans, when aggregated with the Applicable Percentage
of the Outstanding Amount of Revolving Credit Loans and L/C Obligations of the Lender acting as
Swing Line Lender, may exceed the amount of such Lender’s Revolving Credit Commitment;
provided, however, that after giving effect to any Swing Line Loan, (i) the Total
Revolving Credit Outstandings shall not exceed the Revolving Credit Facility at such time, and (ii)
the aggregate Outstanding Amount of the Revolving Credit Loans of any Revolving Credit Lender at
such time, plus such Revolving Credit Lender’s Applicable Percentage of the Outstanding Amount of
all L/C Obligations at such time, plus such Revolving Credit Lender’s Applicable Percentage
of the Outstanding Amount of all Swing Line Loans at such time shall not exceed such Lender’s
Revolving Credit Commitment, and provided further that the Borrower shall not use
the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan. Within the
foregoing limits, and subject to the other terms and conditions hereof, the Borrower may borrow
under this Section 2.04, prepay under Section 2.05, and reborrow under this
Section 2.04. Each Swing Line Loan shall be a BBA LIBOR Daily Floating Rate Loan.
Immediately upon the making of a Swing Line Loan, each Revolving Credit Lender shall be deemed to,
and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk
participation in such Swing Line Loan in an amount equal to the product of such Revolving Credit
Lender’s Applicable Percentage times the amount of such Swing Line Loan. All Swing Line
Loans outstanding on the Effective Date under the Existing Credit Agreement shall be deemed to have
been made pursuant to this Agreement, and from and after the Effective Date shall be subject to and
governed by the terms and conditions hereof.

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

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     (c) Refinancing of Swing Line Loans. (i) The Swing Line Lender at any time in its
sole and absolute discretion may, and in any event on the 10th Business Day after any such Swing
Line Loan is made, shall request, on behalf of the Borrower (which hereby irrevocably authorizes
the Swing Line Lender to so request on its behalf), that each Revolving Credit Lender make a Base
Rate Loan in an amount equal to such Lender’s Applicable Percentage of the amount of Swing Line
Loans then outstanding or, in the case of any request given with respect to Swing Line Loans which
have been outstanding for 10 Business Days, the amount of such outstanding Swing Line Loans;
provided that such Loans may, and upon the Borrower’s request shall, be made as
Eurocurrency Rate Loans if a Eurocurrency Rate Loan could otherwise be made pursuant to Section
2.02. Such request shall be made in writing (which written request shall be deemed to be a
Borrowing Notice for purposes hereof) and in accordance with the requirements of Section
2.02, without regard to the minimum and multiples specified therein for the principal amount of
Base Rate Loans or Eurocurrency Loans, but subject to the unutilized portion of the Aggregate
Commitments and the conditions set forth in Section 4.03. The Swing Line Lender shall
furnish the Borrower with a copy of the applicable Borrowing Notice promptly after delivering such
notice to the Administrative Agent. Each Lender shall make an amount equal to its Applicable
Percentage of the amount specified in such Borrowing Notice available to the Administrative Agent
in Same Day Funds for the account of the Swing Line Lender at the Administrative Agent’s Office for
Dollar-denominated payments not later than 1:00 p.m. on the day specified in such Borrowing Notice,
whereupon, subject to Section 2.04(c)(ii), each Swing Line Lender that so makes funds
available shall be deemed to have made a Base Rate Loan (or Eurocurrency Rate Loan, if applicable)
to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the
Swing Line Lender.

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

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

          (iv) Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or to purchase
and fund risk participations in Swing Line Loans pursuant to this Section 2.04(c) shall be
absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff,
counterclaim, recoupment, defense or other right which such Lender may have against the Swing Line
Lender, the Borrower or any other Person for any reason

47

 

whatsoever, (B) the occurrence or
continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar
to any of the foregoing; provided, however, that each Revolving Credit Lender’s
obligation to make Revolving Credit Loans pursuant to this Section 2.04(c) is subject to
the conditions set forth in Section 4.03. No such funding of risk participations shall
relieve or otherwise impair the obligation of the Borrower to repay Swing Line Loans, together with
interest as provided herein.

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

          (ii) If any payment received by the Swing Line Lender in respect of principal or interest on
any Swing Line Loan is required to be returned by the Swing Line Lender under any of the
circumstances described in Section 10.05 (including pursuant to any settlement entered into
by the Swing Line Lender in its discretion), each Lender shall pay to the Swing Line Lender its
Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the
date of such demand to the date such amount is returned, at a rate per annum equal to the
applicable Overnight Rate. The Administrative Agent will make such demand upon the request of the
Swing Line Lender. The obligations of the Lenders under this clause shall survive the payment in
full of the Obligations and the termination of this Agreement.

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

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

     2.05. Prepayments.

     (a) The Borrower may, upon notice to the Administrative Agent, at any time or from time to
time voluntarily prepay Term Loans and Revolving Credit Loans in whole or in part without premium
or penalty; provided that (i) such notice must be received by the Administrative Agent not
later than 11:00 a.m. (A) three Business Days prior to any date of prepayment of Eurocurrency Rate
Loans, and (B) on the date of prepayment of Base Rate Loans; (ii) any prepayment of Eurocurrency
Rate Loans denominated in Dollars shall be in a principal amount of $5,000,000 or a whole multiple
of $1,000,000 in excess thereof; (iii) any prepayment of Eurocurrency Rate Loans denominated in
Alternative Currencies shall be in a minimum principal amount of the Dollar Equivalent of
$5,000,000 or a whole multiple of the Dollar Equivalent of $1,000,000 in excess thereof; and (iv)
any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of
$100,000 in excess thereof or, in each case, the entire amount thereof then outstanding. Each such
notice shall specify the date and amount of such

48

 

prepayment and the Type(s) of Loans to be prepaid
and, if Eurocurrency Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The
Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of
the amount of such Lender’s ratable portion of such
prepayment (based on such Lender’s Applicable
Percentage in respect of the relevant Facility). If such notice is given by the Borrower, the
Borrower shall make such prepayment and the payment amount specified in such notice shall be due
and payable on the date specified therein. Any prepayment of a Eurocurrency Rate Loan shall be
accompanied by all accrued interest on the amount prepaid, together with any additional amounts
required pursuant to Section 3.05. Each prepayment of the outstanding Term Loans pursuant
to this Section 2.05(a) shall be applied to the scheduled repayment of installments thereof
as the Borrower shall direct, and each prepayment of Loans shall be paid to the Lenders in
accordance with their respective Applicable Percentages in respect of each of the relevant
Facilities.

     (b) The Borrower may, upon notice to the Swing Line Lender (with a copy to the Administrative
Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part
without premium or penalty; provided that (A) such notice must be received by the Swing
Line Lender and the Administrative Agent not later than 1:00 p.m. on the date of the prepayment,
and (B) any such prepayment shall be in a minimum principal amount of the Dollar Equivalent of
$100,000. Each such notice shall specify the date and amount of such prepayment. If such notice
is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified
in such notice shall be due and payable on the date specified therein.

     (c) If the Administrative Agent notifies the Borrower at any time that the Dollar Equivalent
of the Total Outstandings at such time exceed an amount equal to 105% of the Aggregate Commitments
then in effect, then, within two Business Days after receipt of such notice, the Borrower shall
prepay Loans and/or the Borrower shall Cash Collateralize the L/C Obligations in an aggregate
amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to
exceed 100% of the Aggregate Commitments then in effect; provided, however, that,
subject to the provisions of Section 2.03(g)(ii), the Borrower shall not be required to
Cash Collateralize the L/C Obligations pursuant to this Section 2.05(c) unless after the
prepayment in full of the Loans the Total Outstandings exceed the Aggregate Commitments then in
effect. The Administrative Agent may, at any time and from time to time after the initial deposit
of such Cash Collateral, request that additional Cash Collateral be provided in order to protect
against the incremental effects of further exchange rate fluctuations.

     (d) If the Administrative Agent notifies the Borrower at any time that the Outstanding Amount
of all Loans denominated in Alternative Currencies at such time exceeds an amount equal to 105% of
the Alternative Currency Sublimit then in effect, then, within two Business Days after receipt of
such notice, the Borrower shall prepay Loans in an aggregate amount sufficient to reduce such
Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Alternative
Currency Sublimit then in effect.

     2.06. Termination or Reduction of Commitments.

     (a) Optional. The Borrower may, upon notice to the Administrative Agent, terminate
the Delayed Draw Term Loan Commitments, Revolving Credit Commitments, or the Swing Line Sublimit,
or from time to time permanently reduce the Delayed Draw Term Loan Commitments,

49

 

Revolving Credit
Commitments, or the Swing Line Sublimit; provided that (i) any such notice shall be
received by the Administrative Agent not later than 11:00 a.m. three Business Days prior to the
date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount
of $5,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Borrower shall not
terminate or reduce the Aggregate Commitments if, after giving effect thereto and to any concurrent
prepayments hereunder, the Total Outstandings would exceed the Aggregate Commitments, and (iv) if,
after giving effect to any reduction of the Aggregate Commitments, the Alternative Currency
Sublimit, or the Swing Line Sublimit exceeds the amount of the Aggregate Commitments, such Sublimit
shall be automatically reduced by the amount of such excess. The Administrative Agent will
promptly notify the Lenders of any such notice of termination or reduction of the Aggregate
Commitments. The amount of any such Aggregate Commitment reduction shall not be applied to the
Alternative Currency Sublimit unless otherwise specified by the Borrower. Any reduction of the
Aggregate Commitments shall be applied to the Commitment of each Lender according to its Applicable
Percentage. All fees accrued until the effective date of any termination of the Aggregate
Commitments shall be paid on the effective date of such termination.

     (b) Mandatory. (i) The aggregate Term Loan Commitments shall be automatically and
permanently reduced to zero on the last day of the Availability Period for the Term Loan Facility.

          (ii) If after giving effect to any reduction or termination of Revolving Credit Commitments
under this Section 2.06, the Swing Line Sublimit exceeds the Revolving Credit Facility at
such time, the Swing Line Sublimit, as the case may be, shall be automatically reduced by the
amount of such excess.

     (c) Application of Commitment Reductions; Payment of Fees. (i) The Administrative
Agent will promptly notify the Lenders of any termination or reduction of the Alternative Currency
Sublimit, the Swing Line Sublimit, the Revolving Credit Commitment or Delayed Draw Term Loan
Commitment under this Section 2.06. Upon any reduction of the Revolving Credit
Commitments, the Revolving Credit Commitment of each Revolving Credit Lender shall be reduced by
such Lender’s Applicable Percentage of such reduction amount. All fees in respect of the Revolving
Credit Facility accrued until the effective date of any termination of the Revolving Credit
Facility shall be paid on the effective date of such termination.

          (ii) The Administrative Agent will promptly notify the Lenders of any termination or reduction
of the unused portion of the aggregate Term Loan Commitments under this Section 2.06. Upon
any reduction of the unused portion of the aggregate Term Loan Commitments, the Term Loan
Commitment of each Term Loan Lender shall be reduced by such Lender’s ratable portion of such
reduction amount. All fees in respect of the Term Loan Facility accrued until the effective date
of any termination of the Term Loan Facility shall be paid on the effective date of such
termination.

     2.07. Repayment of Loans.

     (a) Term Loans. The Borrower shall repay to the Term Loan Lenders the aggregate
principal amount of all Term Loans (including Delayed Draw Term Loans) outstanding on the

50

 

following
dates (or, if any such date is not a Business Day, the immediately preceding Business Day) and in
an amount equivalent to the percentage set forth opposite such date of the Total Term Loan
Outstandings on the Effective Date (after giving effect to any Borrowing of the Term Loans on such
date); provided that, after the Borrowing of any Delayed Draw Term Loan, each such
percentage shall be of the Total Term Loan Outstandings on the date of such Borrowing:

	 	 	 	 	 
	Date	 	Amount
	March 31, 2007
	 	 	1.25	%
	June 30, 2007
	 	 	1.25	%
	September 30, 2007
	 	 	1.25	%
	December 31, 2007
	 	 	1.25	%
	March 31, 2008
	 	 	1.25	%
	June 30, 2008
	 	 	1.25	%
	September 30, 2008
	 	 	1.25	%
	December 31, 2008
	 	 	1.25	%
	March 31, 2009
	 	 	1.25	%
	June 30, 2009
	 	 	1.25	%
	September 30, 2009
	 	 	1.25	%
	December 31, 2009
	 	 	1.25	%
	March 31, 2010
	 	 	1.25	%
	June 30, 2010
	 	 	1.25	%
	September 30, 2010
	 	 	1.25	%
	December 31, 2010
	 	 	1.25	%
	March 31, 2011
	 	 	1.25	%
	June 30, 2011
	 	 	1.25	%
	Maturity Date
	 	 	77.5	%

     provided, however, that the final principal repayment installment of the Term
Loans shall be repaid on the Maturity Date and in any event shall be in an amount equal to the
aggregate principal amount of all Term Loans (including Delayed Draw Term Loans) outstanding on
such date.

     (b) Revolving Credit Loans. The Borrower shall repay to the Revolving Credit Lenders
on the Maturity Date the aggregate principal amount of all Revolving Credit Loans outstanding on
such date.

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     (c) Swing Line Loans. The Borrower shall repay each Swing Line Loan on the earlier to
occur of (i) the date ten Business Days after such Loan is made and (ii) the Maturity Date.

     2.08. Interest.

     (a) Subject to the provisions of subsection (b) below, (i) each Eurocurrency Rate Loan shall
bear interest on the outstanding principal amount thereof for each Interest Period at a rate per
annum equal to the Eurocurrency Rate for such Interest Period plus the Applicable Rate
plus (in the case of a Eurocurrency Rate Loan of any Lender which is lent from a Lending
Office in the United Kingdom or a Participating Member State) the Mandatory Cost; (ii) each Base
Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable
borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate; and
(iii) each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the
applicable borrowing date at a rate per annum equal to the BBA LIBOR Daily Floating Rate plus the
Applicable Rate.

     (b) (i) If any amount of principal or interest of any Loan (or any other Obligations) is not
paid when due (without regard to any applicable grace periods), whether at stated maturity, by
acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest
rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable
Laws.

          (ii) Upon the request of the Required Lenders, while any Event of Default exists, the Borrower
shall pay interest on the principal amount of all outstanding Obligations hereunder at a
fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent
permitted by applicable Laws.

          (iii) Accrued and unpaid interest on past due amounts (including interest on past due interest)
shall be due and payable upon demand.

     (c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date
applicable thereto and at such other times as may be specified herein; provided, that all
unpaid interest through the Effective Date on Converted Existing Term Loans and Converted Existing
Revolving Loans shall be deemed to mature and be due on the Effective Date. Interest hereunder
shall be due and payable in accordance with the terms hereof before and after judgment, and before
and after the commencement of any proceeding under any Debtor Relief Law.

     2.09. Fees. In addition to certain fees described in subsections (i) and (j) of Section
2.03:

     (a) Delayed Draw Ticking Fee. The Borrower shall pay to the Administrative Agent for
the account of each Lender holding a Delayed Draw Term Loan Commitment in accordance with its
Applicable Percentage, a ticking fee in Dollars equal to 0.125% per annum times the actual
daily amount of the unutilized Delayed Draw Term Loan Commitments. The ticking fee shall accrue at
all times during the Availability Period of the Delayed Draw Term Loan Commitments, including at
any time during which one or more of the conditions in Article IV is

52

 

not met, and shall be
due and payable on October 15, 2006, and each 30-day anniversary thereafter, and on the Acquisition
Effective Date (and, if applicable, thereafter on demand).

     (b) Commitment Fee. The Borrower shall pay to the Administrative Agent for the
account of each Lender in accordance with its Applicable Percentage, a commitment fee in Dollars
equal to the Applicable Rate times the actual daily amount by which the aggregate Revolving
Credit Commitments of all Revolving Credit Lenders exceed the sum of (i) the Outstanding Amount of
Revolving Credit Loans (excluding any Outstanding Amount of Swing Line Loans) and (ii) the
Outstanding Amount of L/C Obligations, determined as of the last day of the immediately preceding
fiscal quarter. The commitment fee shall accrue at all times during the Availability Period,
including at any time during which one or more of the conditions in Article IV is not met,
and shall be due and payable quarterly in arrears on the last Business Day of each March, June,
September and December, commencing with the first such date to occur after the Effective Date, and
on the Maturity Date.

     (c) Other Fees. The Borrower shall pay to the Arrangers and the Administrative Agent
for their own respective accounts, in Dollars, fees in the amounts and at the times specified in
the Fee Letter and the Administrative Agent’s Fee Letter, as applicable. Such fees shall be fully
earned when paid and shall not be refundable for any reason whatsoever.

     2.10. Computation of Interest and Fees. All computations of interest for Base Rate Loans when
the Base Rate is determined by Bank of America’s “prime rate” shall be made on the basis of a year
of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees
and interest shall be made on the basis of a 360-day year and actual days elapsed. Interest shall
accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any
portion thereof, for the day on which the Loan or such portion is paid, provided that any
Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a),
bear interest for one day. Each determination by the Administrative Agent of an interest rate or
fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

     2.11. Evidence of Debt.

     (a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or
records maintained by such Lender and by the Administrative Agent in the ordinary course of
business. The accounts or records maintained by the Administrative Agent and each Lender shall be
conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the
Borrower and the interest and payments thereon. Any failure to so record or any error in doing so
shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any
amount owing with respect to the Obligations. In the event of any conflict between the accounts
and records maintained by any Lender and the accounts and records of the Administrative Agent in
respect of such matters, the accounts and records of the Administrative Agent shall control in the
absence of manifest error. Upon the request of any Lender to the Borrower made through the
Administrative Agent, the Borrower shall execute and deliver to such Lender (through the
Administrative Agent) a Note, which shall evidence such Lender’s Loans to the Borrower in addition
to such accounts or records. Each Lender may attach

53

 

schedules to a Note and endorse thereon the
date, Type (if applicable), amount, currency and maturity of its Loans and payments with respect
thereto.

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

     2.12. 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 and except with respect to principal of and interest on Loans denominated in an
Alternative Currency, 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 applicable
Administrative Agent’s Office in Dollars and in Same Day Funds not later than 2:00 p.m. on the date
specified herein. Except as otherwise expressly provided herein, all payments by the Borrower
hereunder with respect to principal and interest on Loans denominated in an Alternative Currency
shall be made to the Administrative Agent, for the account of the respective Lenders to which such
payment is owed, at the applicable Administrative Agent’s Office in such Alternative Currency and
in Same Day Funds not later than the Applicable Time specified by the Administrative Agent on the
dates specified herein. Without limiting the generality of the foregoing, the Administrative Agent
may require that any payments due under this Agreement be made in the United States. If, for any
reason, the Borrower is prohibited by any Law from making any required payment hereunder in an
Alternative Currency, the Borrower shall make such payment in Dollars in the Dollar Equivalent of
the Alternative Currency payment amount. 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 (i) after 2:00 p.m., in the case of payments in Dollars, or (ii) after the
Applicable Time specified by the Administrative Agent in the case of payments in an Alternative
Currency, shall in each case be deemed received on the next succeeding Business Day and any
applicable interest or fee shall continue to accrue. 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
Borrowing of Eurocurrency Rate Loans (or, in the case of any Borrowing of Base Rate Loans, prior to
12:00 noon on the date of such Borrowing) that such Lender will not make available to the
Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume
that such Lender has made such share available on such date in accordance with Section 2.02
(or, in the case of a Borrowing of Base Rate Loans, that such Lender has made such share

54

 

available
in accordance with and at the time required by Section 2.02) 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 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 Same Day 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
Overnight Rate, 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 Borrowing to the Administrative Agent, then the amount so
paid shall constitute such Lender’s Loan included in
such 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 or the L/C Issuer
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 or the L/C Issuer, as the case may be, the amount due.
In such event, if the Borrower has not in fact made such payment, then each of the Lenders or the
L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on
demand the amount so distributed to such Lender or the L/C Issuer, in Same Day 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 Overnight Rate.

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

     (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 to the Borrower as provided in
the foregoing provisions of this Article II, and such funds are not made available to the
Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set
forth in Article IV are not satisfied or waived in accordance with the terms hereof, the
Administrative Agent shall promptly 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
Loans, to fund participations in Letters of Credit and Swing Line Loans and to make payments
pursuant to Section 10.04(c) are several and not joint. The failure of any Lender to make
any Term Loan or Revolving Credit Loan, to fund any such participation or to make any payment under
Section 10.04(c) 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

55

 

for the failure
of any other Lender to so make its Term Loan or Revolving Credit Loan, to purchase its
participation or to make its payment under Section 10.04(c).

     (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.

     2.13. Pro Rata; Sharing of Payments by Lenders. Each payment (including each prepayment) by
the Borrower on account of principal of and interest on any Term Loans shall be allocated by the
Administrative Agent pro rata according to the respective outstanding principal amounts of the Term
Loans then held by the
respective Lenders. If any Lender shall, by exercising any right of setoff or counterclaim or
otherwise, obtain payment in respect of any principal of or interest on any of the Loans made by
it, or the participations in L/C Obligations or in Swing Line Loans held by it resulting in such
Lender’s receiving payment of a proportion of the aggregate amount of such Loans or participations
and accrued interest thereon greater than its pro rata share thereof as provided
herein, then the Lender receiving such greater proportion shall (a) notify the Administrative Agent
of such fact, and (b) purchase (for cash at face value) participations in the Loans and
subparticipations in L/C Obligations and Swing Line Loans of the other Lenders, or make such other
adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the
Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on
their respective Loans and other amounts owing them, provided that:

     (a) if any such participations or subparticipations are purchased and all or any portion of
the payment giving rise thereto is recovered, such participations or subparticipations shall be
rescinded and the purchase price restored to the extent of such recovery, without interest; and

     (b) the provisions of this Section shall not be construed to apply to (x) any payment made by
the Borrower pursuant to and in accordance with the express terms of this Agreement or (y) any
payment obtained by a Lender as consideration for the assignment of or sale of a participation in
any of its Term Loans or Revolving Credit Loans or subparticipations in L/C Obligations or Swing
Line Loans to any assignee or participant, other than to the Borrower or any Subsidiary thereof (as
to which the provisions of this Section shall apply).

     The Borrower consents to the foregoing and agrees, to the extent it may effectively do so
under applicable law, that any Lender acquiring a participation pursuant to the foregoing
arrangements may exercise against the Borrower rights of setoff and counterclaim with respect to
such participation as fully as if such Lender were a direct creditor of the Borrower in the amount
of such participation.

ARTICLE III.

TAXES, YIELD PROTECTION AND ILLEGALITY

     3.01. Taxes.

     (a) Payments Free of Taxes. Any and all payments by or on behalf of the Borrower
hereunder or under any other Loan Document shall be made free and clear of and without

56

 

reduction or
withholding for any Indemnified Taxes or Other Taxes, provided that if the Borrower shall
be required by applicable law to deduct any Indemnified Taxes or Other Taxes from such payments,
then (i) the sum payable shall be increased as necessary so that after making all required
deductions (after payment of all Indemnified Taxes) the Administrative Agent, Lender or L/C Issuer,
as the case may be, receives an amount equal to the sum it would have received had no such
deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall
timely pay the full amount deducted to the relevant Governmental Authority in accordance with
applicable law.

     (b) Payment of Other Taxes by the Borrower. Without limiting the provisions of
subsection (a) above, the Borrower shall timely pay any Other Taxes to the relevant Governmental
Authority in accordance with applicable law.

     (c) Indemnification by the Borrower. The Borrower shall indemnify the Administrative
Agent, each Lender and the L/C Issuer for the full amount of any Indemnified Taxes or Other Taxes
(including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts
payable under this Section) paid by the Administrative Agent, such Lender or the L/C Issuer, as the
case may be, and any penalties and interest arising therefrom or with respect thereto. A
certificate as to the amount of such payment or liability delivered to the Borrower by a Lender or
the L/C Issuer (with a copy to the Administrative Agent), or by the Administrative Agent on its own
behalf or on behalf of a Lender or the L/C Issuer, shall be conclusive absent manifest error.

     (d) Evidence of Payments. As soon as practicable after any payment of Indemnified
Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the
Administrative Agent the original or a certified copy of a receipt issued by such Governmental
Authority evidencing such payment, a copy of the return reporting such payment or other evidence of
such payment reasonably satisfactory to the Administrative Agent.

     (e) Status of Lenders. Any Foreign Lender that is entitled to an exemption from or
reduction of withholding tax under the law of the jurisdiction in which the Borrower is resident
for tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments
hereunder or under any other Loan Document shall deliver to the Borrower (with a copy to the
Administrative Agent), at the time or times prescribed by applicable law or reasonably requested by
the Borrower or the Administrative Agent, such properly completed and executed documentation
prescribed by applicable law as will permit such payments to be made without withholding or at a
reduced rate of withholding. In addition, any Lender, if requested by the Borrower or the
Administrative Agent, shall deliver such other documentation prescribed by applicable law or
reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the
Administrative Agent to determine whether or not such Lender is subject to backup withholding or
information reporting requirements.

          Each Lender that is a “U.S. Person” as defined in section 7701(a)(30) of the Code that has not
otherwise established to the reasonable satisfaction of the Borrower and Administrative Agent (or,
in the case of a Participant purchasing its participation from a Foreign Lender, to the Lender from
which the related participation shall have been purchased) that it is an exempt recipient (as
defined in section 6049(b)(4) of the Code and the regulations thereunder)

57

 

shall deliver to the
Borrower and Administrative Agent on or prior to the date on which such Lender becomes a Lender
under this Agreement (and from time to time thereafter as prescribed by applicable law or upon the
reasonable request of the Borrower or Administrative Agent), two duly completed and executed copies
of Internal Revenue Service Form W-9.

     Without limiting the generality of the foregoing, in the event that the Borrower is resident
for tax purposes in the United States, any Foreign Lender shall deliver to the Borrower and the
Administrative Agent on or prior to the date on which such Foreign Lender becomes a Lender under
this Agreement (and from time to time thereafter upon the request of the Borrower or the
Administrative Agent, but only if such Foreign Lender is legally entitled to do so), two
copies of whichever of the following is applicable or any subsequent version thereof or successor
thereto:

          (i) duly completed and executed copies of Internal Revenue Service Form W-8BEN claiming
eligibility for benefits of an income tax treaty to which the United States is a party,

          (ii) duly completed and executed copies of Internal Revenue Service Form W-8ECI relating to
all payments to be received by such Foreign Lender hereunder or under any other Loan Document,

          (iii) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio
interest under section 881(c) of the Code, (x) a certificate to the effect that such Foreign Lender
is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a “10 percent
shareholder” of the Borrower within the meaning of section 881(c)(3)(B) of the Code, or (C) a
“controlled foreign corporation” described in section 881(c)(3)(C) of the Code and (y) duly
completed copies of Internal Revenue Service Form W-8BEN, or

          (iv) any other form prescribed by applicable law as a basis for claiming exemption from or a
reduction in United States Federal withholding tax duly completed and executed together with such
supplementary documentation as may be prescribed by applicable law to permit the Borrower to
determine the withholding or deduction required to be made.

     In the event that, pursuant to Section 10.06(d), a Participant is claiming the
benefits of this Section 3.01, such Participant shall provide the forms required above to
the Lender from which the related participation was purchased, and if such Lender is a Foreign
Lender, such Lender shall, promptly upon receipt thereof (but in no event later than the next
scheduled payment under this Agreement) (i) forward such documentation to the Borrower and the
Administrative Agent, together with two duly completed and executed copies of Internal Revenue
Service Form W-8IMY, or (ii) provide the Borrower and the Administrative Agent with two duly
completed and executed copies of Internal Revenue Service Form W-8IMY certifying that such Lender
is a “qualified intermediary.”

     Without limiting the obligations of the Lenders set forth above regarding delivery of certain
forms and documents to establish each Lender’s status for U.S. withholding tax purposes, each
Lender agrees promptly to deliver to the Administrative Agent or the Borrower, as the
Administrative Agent or the Borrower shall reasonably request, on or prior to the Effective Date,
and in a timely fashion thereafter (including upon the expiration or obsolescence of any such

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forms
or documents and promptly after the occurrence of any event requiring a change from the most recent
forms previously delivered), such other documents and forms as would reduce or avoid any
Indemnified Taxes in respect of all payments to be made to such Lender outside of the U.S. by the
Borrower pursuant to this Agreement or otherwise to establish such Lender’s status for withholding
tax purposes in such other jurisdiction. Each Lender shall promptly (i) notify the Administrative
Agent of any change in circumstances which would modify or render invalid any such claimed
exemption or reduction, and (ii) take such steps as shall not be materially disadvantageous to it
(including the re-designation of its Lending Office) to avoid any
requirement of applicable Laws of any such jurisdiction that the Borrower make any deduction
or withholding for taxes from amounts payable to such Lender.

     (f) Treatment of Certain Refunds. If the Administrative Agent, any Lender or the L/C
Issuer receives a refund with respect to Indemnified Taxes or Other Taxes paid by the Borrower,
which in the sole discretion and good faith judgment of such Administrative Agent, Lender or L/C
Issuer is allocable to such payment, it shall promptly pay such refund to the extent allocable to
payment of Indemnified Taxes or Other Taxes to the Borrower, net of all out-of-pocket expenses of
such Administrative Agent, Lender or L/C Issuer incurred in obtaining such refund; provided,
however, that the Borrower agrees to promptly return such amount, net of any incremental additional
costs, to the applicable Administrative Agent, Lender or L/C Issuer, as the case may be, if it
receives notice from the applicable Administrative Agent, Lender or L/C Issuer that such
Administrative Agent, Lender or L/C Issuer is required to repay such refund. This subsection shall
not be construed to require the Administrative Agent, any Lender or the L/C Issuer to make
available its tax returns (or any other information relating to its taxes that it deems
confidential) to the Borrower or any other Person.

     3.02. Illegality. If any Lender determines that as a result of any Change in Law it becomes
unlawful, or that any Governmental Authority asserts that it is unlawful, for any Lender or its
applicable Lending Office to make, maintain or fund Eurocurrency Rate Loans (whether denominated in
Dollars or an Alternative Currency), or to determine or charge interest rates based upon the
Eurocurrency Rate, or any Governmental Authority has imposed material restrictions on the authority
of such Lender to purchase or sell, or to take deposits of, Dollars or any Alternative Currency in
the applicable interbank market, then, on notice thereof by such Lender to the Borrower through the
Administrative Agent, any obligation of such Lender to make or continue Eurocurrency Rate Loans in
the affected currency or currencies or, in the case of Eurocurrency Rate Loans in Dollars, to
convert Base Rate Loan to Eurocurrency Rate Loans, shall be suspended until such Lender notifies
the Administrative Agent and the Borrower that the circumstances giving rise to such determination
no longer exist. Upon receipt of such notice, the Borrower shall, upon demand from such Lender
(with a copy to the Administrative Agent), prepay or, if applicable and such Loans are denominated
in Dollars, convert all such Eurocurrency Rate Loans of such Lender to Base Rate Loans, either on
the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such
Eurocurrency Rate Loans to such day, or immediately, if such Lender may not lawfully continue to
maintain such Eurocurrency Rate Loans. Upon any such prepayment or conversion, the Borrower shall
also pay accrued interest on the amount so prepaid or converted.

     3.03. Inability to Determine Rates. If the Required Lenders determine that for any reason in
connection with any request for a Eurocurrency Rate Loan or a conversion to or

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continuation thereof
that (a) adequate and reasonable means do not exist for determining the Eurocurrency Base Rate for
any requested Interest Period with respect to a proposed Eurocurrency Rate Loan (whether
denominated in Dollars or an Alternative Currency), or (b) the Eurocurrency Base Rate for any
requested Interest Period with respect to a proposed Eurocurrency Rate Loan does not adequately and
fairly reflect
the cost to such Lenders of funding such Eurocurrency Rate Loan, the Administrative Agent will
promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make
or maintain Eurocurrency Rate Loans in the affected currency or currencies shall be suspended until
the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon
receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion
to or continuation of Eurocurrency Rate Loans in the affected currency or currencies or, failing
that, will be deemed to have converted such request into a request for a Borrowing of Base Rate
Loans in the amount specified therein.

     3.04. Increased Costs; Reserves on Eurocurrency Rate Loans.

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

          (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance
charge or similar requirement against assets of, deposits with or for the account of, or credit
extended or participated in by, any Lender (except (A) any reserve requirement reflected in the
Eurocurrency Rate contemplated by Section 3.04(e) and (B) the requirements of the Bank of
England and the Financial Services Authority or the European Central Bank reflected in the
Mandatory Cost, other than as set forth below) or the L/C Issuer;

          (ii) impose on any Lender or the L/C Issuer or the London interbank market any other
condition, cost or expense affecting this Agreement or Eurocurrency Rate Loans made by such Lender
or any Letter of Credit or participation therein;

and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any Eurocurrency Rate Loan (or of maintaining its obligation to make any such Loan), or
to increase the cost to such Lender or the L/C Issuer of participating in, issuing or maintaining
any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of
Credit), or to reduce the amount of any sum received or receivable by such Lender or the L/C Issuer
hereunder (whether of principal, interest or any other amount) then, upon written request of such
Lender or the L/C Issuer, the Borrower will pay to such Lender or the L/C Issuer, as the case may
be, such additional amount or amounts as will compensate such Lender or the L/C Issuer, as the case
may be, for such additional costs incurred or reduction suffered; provided that before
making any such demand, each Lender agrees to use reasonable efforts (consistent with its internal
policy and legal and regulatory restrictions and so long as such efforts would not be
disadvantageous to it, in its reasonable discretion, in any legal, economic or regulatory manner)
to designate a different Eurocurrency lending office if the making of such designation would allow
the Lender or its Eurocurrency lending office to continue to perform its obligation to make
Eurocurrency Loans or to continue to fund or maintain Eurocurrency Loans and avoid the need for, or
reduce the amount of, such increased cost.

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     (b) Capital Requirements. If any Lender or the L/C Issuer determines that any Change
in Law affecting such Lender or the L/C Issuer or any Lending Office of such Lender or such
Lender’s or the L/C Issuer’s holding company, if any, regarding capital requirements has the effect
of reducing the rate of return on such Lender’s or the L/C Issuer’s capital or on the
capital of such Lender’s or the L/C Issuer’s holding company, if any, as a consequence of this
Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of
Credit held by, such Lender, or the Letters of Credit issued by the L/C Issuer, to a level below
that which such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company could
have achieved but for such Change in Law (taking into consideration such Lender’s or the L/C
Issuer’s policies and the policies of such Lender’s or the L/C Issuer’s holding Borrower with
respect to capital adequacy), then from time to time, after submission to the Borrower (with a copy
to the Administrative Agent) of a written request therefor, the Borrower will pay to such Lender or
the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such
Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding Borrower for any such
reduction suffered.

     (c) Certificates for Reimbursement. A certificate of a Lender or the L/C Issuer
setting forth the amount or amounts necessary to compensate such Lender or the L/C Issuer or its
holding company, as the case may be, as specified in subsection (a) or (b) of this Section,
describing the basis therefor and showing the calculation thereof in reasonable detail, and
delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such
Lender or the L/C Issuer, as the case may be, the amount shown as due on any such certificate
within 30 days after receipt thereof.

     (d) Delay in Requests. Failure or delay on the part of any Lender or the L/C Issuer
to demand compensation pursuant to the foregoing provisions of this Section shall not constitute a
waiver of such Lender’s or the L/C Issuer’s right to demand such compensation, provided
that the Borrower shall not be required to compensate a Lender or the L/C Issuer pursuant to the
foregoing provisions of this Section for any increased costs incurred or reductions suffered more
than 90 days prior to the date that such Lender or the L/C Issuer, as the case may be, notifies the
Borrower of the Change in Law giving rise to such increased costs or reductions and of such
Lender’s or the L/C Issuer’s intention to claim compensation therefor (except that, if the Change
in Law giving rise to such increased costs or reductions is retroactive, then the 90-day period
referred to above shall be extended to include the period of retroactive effect thereof).

     (e) Additional Reserve Requirements. The Borrower shall pay to each Lender, (i) as
long as such Lender shall be required to maintain reserves with respect to liabilities or assets
consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency
liabilities”), additional interest on the unpaid principal amount of each Eurocurrency Rate Loan
equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by
such Lender in good faith, which determination shall be conclusive absent manifest error), and (ii)
as long as such Lender shall be required to comply with any reserve ratio requirement or analogous
requirement of any other central banking or financial regulatory authority imposed in respect of
the maintenance of the Commitments or the funding of the Eurocurrency Rate Loans, such additional
costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five
decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender (as
determined by such Lender in good faith, which determination shall be

61

 

conclusive absent manifest
error), which in each case shall be due and payable on each date on which interest is payable on
such Loan, provided the Borrower shall have received at least 10 Business Days’ prior
notice (with a copy to the Administrative Agent) of such additional interest or costs from such
Lender describing the basis therefor and showing the calculation thereof in
reasonable detail. If a Lender fails to give notice 10 Business Days prior to the relevant
Interest Payment Date, such additional interest or costs shall be due and payable within 30 days
from receipt of such notice.

     (f) Certain Rules Relating to the Payment of Additional Amounts. (i) If any Lender
requests compensation pursuant to this Section 3.04, or the Borrower is required to pay any
additional amount to any Lender or any Governmental Authority for the account of any Lender
pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02,
such Lender shall either (A) forego payment of such additional amount from the Borrower or (B)
reasonably afford the Borrower the opportunity to contest, and reasonably cooperate with the
Borrower in contesting, the imposition of any Indemnified Taxes or Other Taxes or other amounts
giving rise to such payment; provided that the Borrower shall reimburse such Lender for its
reasonable out-of-pocket costs, including attorneys’ and accountants’ fees and disbursements
incurred in so cooperating with the Borrower in contesting the imposition of such Indemnified Taxes
or Other Taxes or other amounts.

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

     (a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate
Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary,
mandatory, automatic, by reason of acceleration, or otherwise);

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

     (c) any failure by the Borrower to make payment of any Loan or drawing under any Letter of
Credit (or interest due thereon) denominated in an Alternative Currency on its scheduled due date
or any payment thereof in a different currency; or

     (d) any assignment of a Eurocurrency Rate Loan on a day other than the last day of the
Interest Period therefor as a result of a request by the Borrower pursuant to Section
10.13;

including any foreign exchange losses and any loss or expense arising from the liquidation or
reemployment of funds obtained by it to maintain such Loan, from fees payable to terminate the
deposits from which such funds were obtained or from the performance of any foreign exchange
contract, but excluding any loss of anticipated profits. The Borrower shall also pay any customary
administrative fees charged by such Lender in connection with the foregoing.

     For purposes of calculating amounts payable by the Borrower to the Lenders under this
Section 3.05, each Lender shall be deemed to have funded each Eurocurrency Rate Loan made
by it at the Eurocurrency Base Rate used in determining the Eurocurrency Rate for such Loan by

62

 

a
matching deposit or other borrowing in the offshore interbank market for such currency for a
comparable amount and for a comparable period, whether or not such Eurocurrency Rate Loan was
in fact so funded.

     3.06. Mitigation Obligations; Replacement of Lenders.

     (a) Designation of a Different Lending Office. If any Lender requests compensation
under Section 3.04, or the Borrower is required to pay any additional amount to any Lender
or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if
any Lender gives a notice pursuant to Section 3.02, then such Lender shall use reasonable
efforts to designate a different Lending Office for funding or booking its Loans hereunder or to
assign its rights and obligations hereunder to another of its offices, branches or affiliates, if,
in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce
amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the
future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and
(ii) in each case, would not subject such Lender to any unreimbursed cost or expense and would not
otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable
costs and expenses incurred by any Lender in connection with any such designation or assignment.

     (b) Replacement of Lenders. If any Lender requests compensation under Section
3.04, if the Borrower is required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 3.01, if any
Lender gives a notice pursuant to Section 3.02 or if any Lender is at such time a
Defaulting Lender, then the Borrower may replace such Lender in accordance with Section
10.13.

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

ARTICLE IV.

CONDITIONS PRECEDENT

     4.01. Effective Date. The effectiveness of this Agreement is subject to satisfaction of the
following conditions precedent:

     (a) The Administrative Agent’s receipt of the following, each of which shall be originals or
telecopies (followed promptly by originals) unless otherwise specified, each properly executed by a
duly authorized officer of the signing Loan Party, each dated the Effective Date (or, in the case
of certificates of governmental officials, a recent date before the Effective Date) and each in
form and substance reasonably satisfactory to the Administrative Agent:

          (i) executed counterparts of this Agreement and the Subsidiary Guaranty;

          (ii) Notes executed by the Borrower in favor of each Lender requesting Notes;

          (iii) such certificates of resolutions or other action, incumbency certificates and/or other
certificates of duly authorized officers of each Loan Party as the Administrative Agent may
reasonably require evidencing the identity, authority and capacity of each officer of a Loan Party
executing the Loan Documents to which such Loan Party is a party;

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          (iv) such documents and certifications as the Administrative Agent may reasonably require to
evidence that each Loan Party is duly organized or formed, and that each Loan Party is validly
existing, in good standing and qualified to engage in business in each jurisdiction where its
ownership, lease or operation of properties or the conduct of its business requires such
qualification, except to the extent that failure to do so could not reasonably be expected to have
a Material Adverse Effect;

          (v) the executed opinion of Simpson Thacher & Bartlett LLP, counsel to the Borrower and
special New York counsel to the other Loan Parties, addressed to the Administrative Agent and each
Lender, as to the matters set forth in Exhibit G-1;

          (vi) the executed opinion of Joe Bean, Esq., special Missouri counsel to the Borrower and
in-house counsel to the other Loan Parties, addressed to the Administrative Agent and each Lender,
as to the matters set forth in Exhibit G-2;

          (vii) a certificate of a Responsible Officer either (A) attaching copies of all consents,
licenses and approvals required in connection with the execution, delivery and performance by each
Loan Party and the validity against such Loan Party of the Loan Documents to which it is a party,
and such consents, licenses and approvals shall be in full force and effect, or (B) stating that no
such consents, licenses or approvals are so required;

          (viii) (A) for the Borrower and its Subsidiaries, Audited Financial Statements and unaudited
quarterly statements for each fiscal quarter of 2006 ended at least 45 days prior to the Effective
Date, and (B) for Excel and its Subsidiaries, Audited Financial Statements, audited statements for
the period ended December 31, 2005, unaudited (or, if available, audited) statements for fiscal
year 2006, and financial projections through the year 2010;

          (ix) a certificate signed by a Responsible Officer of the Borrower certifying (A) that the
conditions specified in Section 4.03(a) and (b) have been satisfied, and (B) that
there has not occurred since December 31, 2005, a material adverse change in the business, assets,
operations or financial condition of the Borrower and its Restricted Subsidiaries, taken as a
whole; and

          (x) such other assurances, certificates and documents as the Administrative Agent reasonably
may require.

     (b) The Administrative Agent shall have received satisfactory evidence that all amounts
payable in respect of the Existing Term Loans outstanding on the Effective Date (including all
accrued and unpaid interest, fees, expenses, breakage fees and related costs and expenses payable
under the Existing Credit Agreement in respect of the period prior to the Effective Date) and not
converted into Term Loans in accordance with Section 2.01(a) shall have been paid in full.

     (c) The Administrative Agent shall have received satisfactory evidence that all amounts
payable in respect of the Existing Revolving Credit Loans outstanding on the Effective Date
(including all accrued and unpaid interest, fees, expenses, breakage fees and related costs and
expenses payable under the Existing Credit Agreement in respect of the period prior to the

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Effective Date) and not converted into Revolving Credit Loans in accordance with Section
2.01(b) shall have been paid in full.

     (d) Any fees required to be paid on or before the Effective Date to the Administrative Agent,
the Arrangers or the Lenders shall have been paid and the Administrative Agent shall have received
an executed original of the Administrative Agent’s Fee Letter.

     (e) Unless waived by the Administrative Agent, the Borrower shall have paid all reasonable
fees, charges and disbursements of counsel to the Administrative Agent to the extent invoiced prior
to the Effective Date, plus such additional amounts of such reasonable fees, charges and
disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements
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).

     (f) The Effective Date shall have occurred on or before September 30, 2006.

     Without limiting the generality of the provisions of Section 9.04, for purposes of
determining compliance with the conditions specified in this Section 4.01, each Lender that
has signed this Agreement shall be deemed to have consented to, approved or accepted or to be
satisfied with, each document or other matter required thereunder to be consented to or approved by
or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received
notice from such Lender prior to the proposed Effective Date specifying its objection thereto

     4.02. Conditions to Credit Extensions to Finance the Acquisition. The obligation of each
Lender to honor any Request for Credit Extension with respect to the Delayed Draw Term Loan or with
respect to the Revolving Credit Facility, the proceeds of which will be used to finance the
Acquisition is subject to the Effective Date having occurred and the following conditions
precedent, which shall be conclusively tested no later than 8:00 a.m., Sydney time, on the Second
Court Date (as defined in the Merger Agreement) for the Scheme (other than conditions which require
court approval for the Scheme and assuming the effectiveness of the Scheme substantially
contemporaneously with such Second Court Date):

     (a) There shall not have occurred either (1) one or more changes, events, occurrences or
matters which has had or is likely to have the effect of a diminution in the (i) consolidated net
assets of Excel and all its Subsidiaries, taken as a whole (calculated on the basis of the
International Financial Reporting Standards as adopted in Australia (“AIFRS”)), of at least
A$50,000,000, or (ii) consolidated annual net profit after tax (calculated on the basis of AIFRS),
in any financial year after the one ending June 30, 2006 of Excel and all its Subsidiaries, taken
as a whole, of at least A$12,500,000, in each case, other than as a result of consequence of
changes in coal prices or currency exchange rate changes or (2) an event takes place or is
reasonably likely to take place which would prevent Excel from operating its existing mines,
completing its
development activities or entering into arrangements in relation to the Wambo Underground,
Wilpinjong or Millenium projects (as defined in the Merger Agreement) in the manner currently
contemplated by Excel and such event is sufficiently adverse to the financial position,
profitability or prospects of Excel so as to affect the commercial viability of the Acquisition for
the Borrower in a material respect, having regard to the consideration to be paid in the Scheme;

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     (b) The Scheme shall be effective, or substantially simultaneously with the Borrowing under
the Delayed Draw Term Loan and any Borrowing under the Revolving Credit Facility to fund the
Acquisition, shall become effective (and, accordingly, the Acquisition will be required to be
promptly consummated following the Borrowing under the Delayed Draw Term Loan and any Borrowing
under the Revolving Credit Facility to fund the Acquisition in accordance with applicable law), and
no provision of the Merger Agreement shall have been waived, amended, supplemented or otherwise
modified in a manner material and adverse to the Lenders without the consent of the Arrangers;

     (c) No Default shall exist, or would result from such proposed Credit Extension or the
application of the proceeds thereof, by reason of (i) any breach of any representation or warranty
which also constitutes a breach of a representation and warranty in the Merger Agreement that is
material to the interests of the Lenders and would result in the Borrower’s (or an applicable
affiliate thereof) having a right to terminate its obligations thereunder or (ii) any breach of the
representations and warranties contained in Section 5.01(a)(i) and (b)(ii),
5.02(a), 5.04 or 5.14 (it being understood that the funding of the Delayed
Draw Term Loan and any Borrowing of Revolving Credit Loans to fund the Acquisition shall not
constitute a waiver by the Lenders of any default or event of default that may exist under this
Agreement at the time of such funding); and

     (d) The Administrative Agent shall have received a Request for Credit Extension in accordance
with the requirements hereof.

     4.03. Conditions to all Credit Extensions. The obligation of each Lender to honor any Request
for Credit Extension (other than any Request for Credit Extension with respect to Loans the
proceeds of which will be used solely to finance the Acquisition, a Borrowing Notice requesting
only a conversion of Term Loans or Revolving Credit Loans to the other Type, or a continuation of
Eurocurrency Rate Loans) is subject to the following conditions precedent:

     (a) The representations and warranties of (i) the Borrower contained in Article V and
(ii) each Loan Party contained in each other Loan Document or in any document furnished at any time
under or in connection herewith or therewith, shall be true and correct in all material respects on
and as of the date of such Credit Extension, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they shall be true and correct in
all material respects as of such earlier date, and except that for purposes of this Section
4.03, the representations and warranties contained in subsections (a) and (b) of Section
5.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a)
and (b), respectively, of Section 6.01.

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

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

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     (d) In the case of a Credit Extension to be denominated in an Alternative Currency, there
shall not have occurred any Change in Law which in the reasonable opinion of the Administrative
Agent, the Required Lenders (in the case of any Loans to be denominated in an Alternative Currency)
or the L/C Issuer (in the case of any Letter of Credit to be denominated in an Alternative
Currency) would prohibit such Credit Extension to be denominated in the relevant Alternative
Currency.

     Each Request for Credit Extension (other than any Request for Credit Extension with respect to
Loans the proceeds of which will be used solely to finance the Acquisition, a Borrowing Notice
requesting only a conversion of Term Loans or Revolving Credit Loans to the other Type or a
continuation of Eurocurrency Rate Loans) submitted by the Borrower shall be deemed to be a
representation and warranty that the conditions specified in Section 4.03(a) and
(b) have been satisfied on and as of the date of the applicable Credit Extension.

ARTICLE V.

REPRESENTATIONS AND WARRANTIES

     The Borrower represents and warrants to the Administrative Agent and the Lenders that:

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

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

     5.03. Governmental Authorization. (i) No approval, consent, exemption, authorization, or
other action by, or notice to, or filing with, any Governmental Authority and (ii) no material
approval, consent, exemption, authorization, or other action by, or notice to, or filing with any
other Person, in each case, is necessary or required in connection with the execution, delivery or
performance by, or enforcement against, any Loan Party of this Agreement or any

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other Loan
Document, except for those approvals, consents, exemptions, authorizations or other actions which
have already been obtained, taken, given or made and are in full force and effect.

     5.04. Binding Effect. This Agreement has been, and each other Loan Document, when delivered
hereunder, will have been, duly executed and delivered by each Loan Party that is party thereto.
This Agreement constitutes, and each other Loan Document when so delivered will constitute, a
legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is
party thereto in accordance with its terms, subject to applicable bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium and other Laws relating to or affecting
creditors’ rights generally, general principles of equity, regardless of whether considered in a
proceeding in equity or at law and an implied covenant of good faith and fair dealing.

     5.05. Financial Statements; No Material Adverse Effect.

     (a) The Audited Financial Statements of the Borrower and its Subsidiaries (i) were prepared in
accordance with GAAP consistently applied throughout the period covered thereby, except as
otherwise expressly noted therein; (ii) fairly present in all material respects the financial
condition of the Borrower and its Subsidiaries as of the date thereof and their results of
operations for the period covered thereby in accordance with GAAP consistently applied throughout
the period covered thereby, except as otherwise expressly noted therein; and (iii) show all
material indebtedness and other material liabilities, direct or contingent, of the Borrower and its
Subsidiaries as of the date thereof, including material liabilities for taxes, material commitments
and material Indebtedness.

     (b) The unaudited consolidated balance sheet of the Borrower and its Subsidiaries dated June
30, 2006, and the related consolidated statements of income or operations, shareholders’ equity and
cash flows for the fiscal quarter ended on that date (i) were prepared in accordance with GAAP
consistently applied throughout the period covered thereby, except as otherwise expressly noted
therein, and (ii) fairly present in all material respects the financial condition of the Borrower
and its Subsidiaries as of the date thereof and their results of operations for the period covered
thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal
year-end audit adjustments.

     (c) Since the date of the Audited Financial Statements, there has been no event or
circumstance, either individually or in the aggregate, that has had or could reasonably be expected
to have a Material Adverse Effect.

     (d) The consolidated pro forma balance sheet of the Borrower and its Subsidiaries as at June
30, 2006, and the related consolidated pro forma statements of income and cash flows of the
Borrower and its Subsidiaries for the six months then ended, copies of which have been furnished to
the Administrative Agent, fairly present in all material respects the consolidated pro forma
financial condition of the Borrower and its Subsidiaries as at such date and the consolidated pro
forma results of operations of the Borrower and its Subsidiaries for the period ended on such date,
all in accordance with GAAP.

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     (e) The consolidated forecasted balance sheet and statements of income and cash flows of the
Borrower and its Subsidiaries delivered pursuant to Section 6.01(c) were prepared in good
faith on the basis of the assumptions stated therein, which assumptions were believed to be
reasonable in light of the conditions existing at the time of delivery of such forecasts.

     5.06. Litigation. There are no actions, suits, proceedings, claims or disputes pending or, to
the knowledge of the Borrower threatened, at law, in equity, by or before any Governmental
Authority, by or against the Borrower or any of its Restricted Subsidiaries or against any of their
properties or revenues that (i) purport to affect or pertain to this Agreement or any other Loan
Document, or any of the transactions contemplated hereby, or (ii) except as specifically disclosed
in public filings prior to the date hereof, as to which there is a reasonable possibility of an
adverse determination and that could reasonably be expected to have a Material Adverse Effect.

     5.07. No Default. Neither the Borrower nor any Restricted Subsidiary is in default under or
with respect to any Contractual Obligation that could reasonably be expected to have a Material
Adverse Effect. No Default has occurred and is continuing or would result from the consummation of
the transactions contemplated by this Agreement or any other Loan Document.

     5.08. Ownership of Property. The Borrower and each Restricted Subsidiary has good record and
marketable title in fee simple to, or valid leasehold interests in, all real property necessary or
used in the ordinary conduct of its business, except for such defects in title as could not
reasonably be expected to have a Material Adverse Effect.

     5.09. Environmental Compliance. Except as disclosed in the Borrower’s most recent annual and
quarterly reports filed with the SEC or on Schedule 5.09, or as otherwise could not
reasonably be expected to have a Material Adverse Effect:

     (a) The facilities and properties currently or formerly owned, leased or operated by the
Borrower or any of its Restricted Subsidiaries (the “Properties”) do not contain, and have
not previously contained, any Hazardous Materials in amounts or concentrations which (i) constitute
or constituted a violation of, or (ii) could reasonably be expected to give rise to liability
under, any applicable Environmental Law.

     (b) None of the Borrower nor any of its Restricted Subsidiaries has received any notice of
violation, alleged violation, non-compliance, liability or potential liability regarding
environmental matters or compliance with Environmental Laws with regard to any of the Properties or
the business operated by the Borrower or any of its Restricted Subsidiaries (the
“Business”), or any prior business for which the Borrower has retained liability under any
Environmental Law.

     (c) Hazardous Materials have not been transported or disposed of from the Properties in
violation of, or in a manner or to a location which could reasonably be expected to give rise to
liability under, any applicable Environmental Law, nor have any Hazardous Materials been generated,
treated, stored or disposed of at, on or under any of the Properties in violation of, or in a
manner that could reasonably be expected to give rise to liability under, any applicable
Environmental Law.

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     (d) No judicial proceeding or governmental or administrative action is pending or, to the
knowledge of the Borrower, threatened under any Environmental Law to which the Borrower or any
Restricted Subsidiary is or, to the knowledge of the Borrower, will be named as a party or with
respect to the Properties or the Business, nor are there any consent decrees or other decrees,
consent orders, administrative orders or other orders, or other similar administrative or judicial
requirements outstanding under any Environmental Law with respect to the Properties or the
Business.

     (e) There has been no release or threat of release of Hazardous Materials at or from the
Properties, or arising from or related to the operations of the Borrower or any Restricted
Subsidiary in connection with the Properties or otherwise in connection with the Business, in
violation of or in amounts or in a manner that could reasonably be expected to give rise to
liability under any applicable Environmental Laws.

     (f) The Properties and all operations at the Properties are in compliance with all applicable
Environmental Laws.

     (g) The Borrower and each of its Restricted Subsidiaries has obtained, and is in compliance
with, all Environmental Permits required for the conduct of its businesses and operations, and the
ownership, occupation, operation and use of its Property, and all such Environmental Permits are in
full force and effect.

     5.10. Insurance. The properties of the Borrower and its Subsidiaries are insured with
financially sound and reputable insurance companies which may be Affiliates of the Borrower, in
such amounts (after giving effect to any self-insurance compatible with the following standards),
with such deductibles and covering such risks as are customarily carried by companies engaged in
similar businesses and owning similar properties in localities where the Borrower or the
applicable Subsidiary operates.

     5.11. Taxes. The Borrower and its Subsidiaries have filed all Federal, state and other
material tax returns and reports required to be filed, and have paid all Federal, state and other
material taxes, assessments, fees and other governmental charges levied or imposed upon them or
their properties, income or assets otherwise due and payable (other than those which are being
contested in good faith by appropriate proceedings diligently conducted and for which adequate
reserves have been provided in accordance with GAAP), except where failure to do any of the
foregoing could not reasonably be expected to result in a Material Adverse Effect; no material tax
Lien has been filed and, to the knowledge of the Borrower, no material claim is being asserted,
with respect to any material tax, fee or other charge.

     5.12. ERISA Compliance. Except as could not reasonably be expected, individually or in the
aggregate, to have a Material Adverse Effect:

     (a) Each Plan is in compliance in all material respects with the applicable provisions of
ERISA, the Code and other Federal or state Laws (except that with respect to any Multiemployer Plan
which is a Plan, such representation is deemed made only to the knowledge of the Borrower). With
respect to each Plan, no “accumulated funding deficiency” (within the

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meaning of Section 412 of the
Code) had occurred and no application for a funding waiver or an extension of any amortization
period pursuant to Section 412 of the Code has been made.

     (b) There has been no nonexempt “prohibited transaction” (as defined in Section 406 of ERISA)
or violation of the fiduciary responsibility rules with respect to any Plan.

     (c) (i) No ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan
has any Unfunded Pension Liability; and (iii) neither the Borrower nor any ERISA Affiliate has
engaged in a transaction that could be subject to Section 4069 or 4212(c) of ERISA.

     5.13. Subsidiaries. As of the Effective Date, the Borrower has no Subsidiaries other than
those specifically disclosed in Schedule 5.13.

     5.14. Margin Regulations; Investment Company Act.

     (a) The Borrower is not engaged and will not engage, principally or as one of its important
activities, in the business of purchasing or carrying margin stock (within the meaning of
Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying
margin stock. Following the application of the proceeds of each Borrowing or drawing under each
Letter of Credit, not more than 25% of the value of the assets (either of the Borrower
only or of the Borrower and its Subsidiaries on a consolidated basis) subject to the
provisions of Section 7.01, Section 7.04 or Section 7.05 or subject to any
restriction contained in any agreement or instrument between the Borrower and any Lender or any
Affiliate of any Lender relating to Indebtedness and within the scope of Section 8.01(e)
will be margin stock.

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

     5.15. Disclosure. No report, financial statement, certificate or other information furnished
in writing by any Loan Party to the Administrative Agent or any Lender in connection with the
transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or
under any other Loan Document, taken as whole with any other information furnished or publicly
available, contains any material misstatement of fact or omits to state any material fact necessary
to make the statements therein, in the light of the circumstances under which they were made, not
materially misleading as of the date when made or delivered; provided that, with respect to
any forecast, projection or other statement regarding future performance, future financial results
or other future developments, the Borrower represents only that such information was prepared in
good faith based upon assumptions believed to be reasonable at the time such information was
prepared (it being understood that any such information is subject to significant uncertainties and
contingencies, many of which are beyond the Borrower’s control, and that no assurance can be given
that the future developments addressed in such information can be realized).

     5.16. Compliance with Laws. The Borrower and each Subsidiary is in compliance in all material
respects with the requirements of all Laws (including any zoning, building, ordinance, code or
approval or any building or mining permits) and all orders, writs, injunctions and decrees
applicable to it or to its properties, except in such instances in which (a) such

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requirement of
Law or order, writ, injunction or decree is being contested in good faith by appropriate
proceedings diligently conducted or (b) the failure to comply therewith could not reasonably be
expected to have a Material Adverse Effect.

     5.17. Intellectual Property; Licenses, Etc. The Borrower and its Subsidiaries own, or possess
the right to use, all of the trademarks, service marks, trade names, copyrights, patents, patent
rights, franchises, licenses and other intellectual property rights (collectively, “IP
Rights”) that are reasonably necessary for the operation of their respective businesses, except
where the failure to own or possess the right to use such IP Rights could not reasonably be
expected to have a Material Adverse Effect. To the best knowledge of the Borrower, the use of such
IP Rights by the Borrower or any Subsidiary does not infringe upon any rights held by any other
Person except for any infringement that could not reasonably be expected to have a Material Adverse
Effect. Except as specifically disclosed in Schedule 5.17, no claim or litigation
regarding any of the foregoing is pending or, to
the best knowledge of the Borrower, threatened, which could reasonably be expected to have a
Material Adverse Effect.

ARTICLE VI.

AFFIRMATIVE COVENANTS

     So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder shall remain unpaid or unsatisfied (other than in respect of contingent obligations,
indemnities and expenses related thereto not then payable or in existence as of the later of the
Maturity Date or the Letter of Credit Expiration Date), or any Letter of Credit shall remain
outstanding, the Borrower shall, and shall (except in the case of the covenants set forth in
Section 6.01, 6.02, and 6.03) cause each Subsidiary (or, if specified, each
Restricted Subsidiary) to:

     6.01. Financial Statements. Deliver to the Administrative Agent and each Lender, in form and
detail satisfactory to the Administrative Agent:

     (a) as soon as available, but in any event within 90 days after the end of each fiscal year of
the Borrower (commencing with the fiscal year ended December 31, 2006) a consolidated balance sheet
of the Borrower and its Subsidiaries as at the end of such fiscal year, and the related
consolidated statements of income or operations, changes in shareholders’ equity and cash flows for
such fiscal year, setting forth in each case in comparative form the figures for the previous
fiscal year, all in reasonable detail and prepared in accordance with GAAP, such consolidated
statements to be audited and accompanied by a report and opinion of an independent certified public
accountant of nationally recognized standing, which report and opinion shall be prepared in
accordance with generally accepted auditing standards and shall not be subject to any “going
concern” or like qualification or exception or any qualification or exception as to the scope of
such audit; and

     (b) as soon as available, but in any event within 45 days after the end of each of the first
three fiscal quarters of each fiscal year of the Borrower (commencing with the fiscal quarter ended
September 30, 2006), a consolidated balance sheet of the Borrower and its Subsidiaries as at the
end of such fiscal quarter, and the related consolidated statements of income or operations,
changes in shareholders’ equity and cash flows for such fiscal quarter and for the portion of the

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Borrower’s fiscal year then ended, setting forth in each case in comparative form the figures for
the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the
previous fiscal year, all in reasonable detail, such consolidated statements to be certified by a
Responsible Officer of the Borrower as fairly presenting in all material respects the financial
condition, results of operations, changes in shareholders’ equity and cash flows of the Borrower
and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and
the absence of footnotes.

As to any information contained in materials furnished pursuant to Section 6.02(d), the
Borrower shall not be separately required to furnish such information under clause (a) or (b)
above, but the
foregoing shall not be in derogation of the obligation of the Borrower to furnish the information
and materials described in clauses (a) and (b) above at the times specified therein.

     6.02. Certificates; Other Information. Deliver to the Administrative Agent, in form and
detail satisfactory to the Administrative Agent:

     (a) concurrently with the delivery of the financial statements referred to in Section
6.01(a), a certificate of its independent certified public accountants reporting on such
financial statements stating that in performing their audit nothing came to their attention that
caused them to believe the Borrower failed to comply with the financial covenants set forth in
Section 7.11, except as specified in such certificate;

     (b) concurrently with the delivery of the financial statements referred to in Section
6.01(a) and (b) (commencing with the delivery of the financial statements for the
fiscal quarter ended September 30, 2006), a duly completed Compliance Certificate signed by a
Responsible Officer of the Borrower, which shall include detailed computations of the financial
convenants;

     (c) promptly after the same are available, copies of each annual report, proxy or financial
statement or other report or communication sent to the stockholders of the Borrower, and copies of
all annual, regular, periodic and special reports and registration statements which the Borrower
may file or be required to file with the SEC under Section 13 or 15(d) of the Securities Exchange
Act of 1934, and not otherwise required to be delivered to the Administrative Agent pursuant
hereto;

     (d) promptly, such additional information regarding the business, financial or corporate
affairs of the Borrower or any Subsidiary, or compliance with the terms of the Loan Documents, as
the Administrative Agent or any Lender may from time to time reasonably request; and

     (e) not later than 60 days after the end of each fiscal year of the Borrower, a copy of
summary projections by the Borrower of the operating budget and cash flow budget of the Borrower
and its Subsidiaries for the succeeding fiscal year, such projections to be accompanied by a
certificate of a Responsible Officer to the effect that such projections have been prepared based
on assumptions believed by the Borrower to be reasonable.

     Documents required to be delivered pursuant to Section 6.01(a) or (b) or
Section 6.02(c) (to the extent any such documents are included in materials otherwise filed
with the SEC) may

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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 on Schedule 10.02;
(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); or (iii) on
which such documents are filed for public availability on the SEC’s Electronic Data Gathering and
Retrieval system; provided that the Borrower shall notify the Administrative Agent and each
Lender (by telecopier
or electronic mail) of the posting and provide to the Administrative Agent by electronic mail
electronic versions (i.e., soft copies) of the documents required to be delivered pursuant
to Section 6.01(a) or (b) or Section 6.02(a).

     The Borrower hereby acknowledges that (a) the Administrative Agent and/or the Arrangers will
make available to the Lenders and the L/C Issuer 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 the Borrower 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 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, the L/C Issuer and the Lenders to treat the
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
(provided, however, that to the extent the Borrower Materials constitute
Information, they shall be treated as set forth in Section 10.07); (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 Arrangers shall be entitled
to treat the 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 not be under any obligation to mark the Borrower Materials “PUBLIC.” In connection
with the foregoing, each party hereto acknowledges and agrees that the foregoing provisions are not
in derogation of their confidentiality obligations under Section 10.07.

     6.03. Notices. Notify the Administrative Agent:

     (a) promptly, of the occurrence of any Default or Event of Default;

     (b) promptly, of any event which could reasonably be expected to have a Material Adverse
Effect; and

     (c) of the occurrence of any ERISA Event that, individually or in the aggregate, would be
reasonably likely to have a Material Adverse Effect, as soon as possible and in any event within 30
days after the Borrower knows or has obtained notice thereof.

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     Each notice pursuant to this Section shall be accompanied by a statement of a Responsible
Officer of the Borrower setting forth details of the occurrence referred to therein and stating
what action the Borrower has taken and proposes to take with respect thereto.

     6.04. Payment of Tax Obligations. Except where failure to do so could not reasonably be expected to result in a Material
Adverse Effect, with respect to the Borrower and each of its Restricted Subsidiaries, pay and
discharge all tax liabilities, assessments and governmental charges or levies upon it or its
properties or assets, unless the same are being contested in good faith by appropriate proceedings
diligently conducted and adequate reserves in accordance with GAAP are being maintained by the
Borrower or such Subsidiary.

     6.05. Preservation of Existence. With respect to the Borrower and each of its Restricted
Subsidiaries, preserve, renew and maintain in full force and effect its legal existence except in a
transaction permitted by Section 7.04.

     6.06. Maintenance of Properties. With respect to the Borrower and each of its Restricted
Subsidiaries, maintain, preserve and protect all of its material properties and material equipment
necessary in the operation of its business in good working order and condition (ordinary wear and
tear and damage by fire or other casualty or taking by condemnation excepted), except where the
failure to do so could not reasonably be expected to have a Material Adverse Effect.

     6.07. Maintenance of Insurance. Maintain with financially sound and reputable insurance
companies which may be Affiliates of the Borrower, insurance with respect to its properties and
business against loss or damage of the kinds customarily insured against by Persons engaged in the
same or similar business, of such types and in such amounts (after giving effect to any
self-insurance compatible with the following standards) as are customarily carried by companies
engaged in similar businesses and owning similar properties in localities where the Borrower or the
applicable Subsidiary operates, except to the extent the failure to do so could not reasonably be
expected to have a Material Adverse Effect.

     6.08. Compliance with Laws. Comply in all material respects with the requirements of all Laws
and all orders, writs, injunctions and decrees applicable to it or to its business or property,
except in such instances in which (i) such requirement of law or order, writ, injunction or decree
is being contested in good faith by appropriate proceedings diligently conducted; or (ii) the
failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.

     6.09. Books and Records. (a) Maintain proper books of record and account, in which in all
material respects full, true and correct entries in conformity with GAAP shall be made of all
material financial transactions and matters involving the assets and business of the Borrower or
such Subsidiary, as the case may be; and (b) maintain such books of record and account in material
conformity with all material requirements of any Governmental Authority having regulatory
jurisdiction over the Borrower or such Subsidiary, as the case may be.

     6.10. Inspection Rights. Permit representatives and independent contractors of the
Administrative Agent and each Lender to visit and inspect any of its properties, to examine its

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corporate, financial and operating records, and make copies thereof or abstracts therefrom (except
to the extent (i) any such access is restricted by a Requirement of Law or (ii) any such
agreements, contracts or the like are subject to a written confidentiality agreement with a
non-Affiliate that prohibits the Borrower or any of its Subsidiaries from granting such access to
the Administrative Agent or the Lenders; provided that, with respect to such
confidentiality restrictions affecting the Borrower or any of its Restricted Subsidiaries, a
Responsible Officer is made available to such Lender to discuss such confidential information to
the extent permitted), and to discuss the business, finances and accounts with its officers and
independent public accountants at such reasonable times during normal business hours and as often
as may be reasonably desired, provided that the Administrative Agent or such Lender shall
give Borrower reasonable advance notice prior to any contact with such accountants and give the
Borrower the opportunity to participate in such discussions.

     6.11. Use of Proceeds. On the Effective Date, the Term Loan Facility and the Revolving Credit
Facility shall be available to (i) refinance and continue indebtedness under the Existing Credit
Agreement, and to pay fees and expenses related to such refinancing and continuation, and (ii) for
fees and expenses related to the Acquisition. After the Effective Date, (i) the Revolving Credit
Facility shall be available for working capital, capital expenditures, and other lawful corporate
purposes, including to finance the Acquisition, and (ii) the Delayed Draw Term Loan will be
available to finance the Acquisition on or about the Acquisition Effective Date. The Borrower
agrees that (i) if the Acquisition is not consummated within thirty (30) days of the date on which
the Delayed Draw Term Loan is made to the Borrower, the proceeds of such Delayed Draw Term Loan
will be returned immediately to the Lenders and used to prepay the Term Loan and (ii) such
agreement will be reflected to the reasonable satisfaction of the Administrative Agent in a written
escrow or similar arrangement governing the proceeds of the Delayed Draw Term Loan for the period
from the date of making of such Loan until such proceeds are used to consummate the Acquisition or
returned to the Lenders as specified in clause (i) of this sentence (whichever occurs first).

     6.12. Additional Subsidiary Guarantors. As of the date the financial statements referred to
in Section 6.01(a) and (b) are delivered, notify the Administrative Agent of any
Person that has become a Guarantor Subsidiary since the date such financial statements were
previously delivered, and within 30 days of such notification cause such Person to (a) become a
Subsidiary Guarantor by executing and delivering to the Administrative Agent a counterpart of the
Subsidiary Guaranty or such other document as the Administrative Agent shall deem appropriate for
such purpose, and (b) deliver to the Administrative Agent favorable opinions of counsel to such
Person (including in-house counsel) covering the legality, validity, binding effect and
enforceability of the documentation referred to in clause (a), all in form, content and scope
reasonably satisfactory to the Administrative Agent.

     6.13. Preparation of Environmental Reports. If an Event of Default caused by reason of a
breach under Section 6.08 or 5.09 with respect to compliance with Environmental
Laws shall have occurred and be continuing, at the reasonable request of the Required Lenders
through the Administrative Agent, the Borrower shall provide to the Lenders within 60 days after
such request, at the expense of the Borrower, an environmental or mining site assessment or audit
report for the Properties which are the subject of such default prepared by an environmental or
mining consulting firm reasonably acceptable to the Administrative Agent and indicating the

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presence or absence of Hazardous Materials and the estimated cost of any compliance or remedial
action in connection with such Properties and the estimated cost of curing any violation or
non-compliance of any Environmental Law.

     6.14. Certain Long Term Liabilities and Environmental Reserves. To the extent required by
GAAP, maintain adequate reserves for (i) future costs associated with any lung disease claim
alleging pneumoconiosis or silicosis or arising out of exposure or alleged exposure to coal dust or
the coal mining environment, (ii) future costs associated with retiree and health care benefits,
(iii) future costs associated with reclamation of disturbed acreage, removal of facilities and
other closing costs in connection with its mining operations and (iv) future costs associated with
other potential environmental liabilities.

ARTICLE VII.

NEGATIVE COVENANTS

     So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder shall remain unpaid or unsatisfied (other than in respect of contingent obligations,
indemnities and costs and expenses related thereto not then payable or in existence as of the later
of the Maturity Date or the Letter of Credit Expiration Date), or any Letter of Credit shall remain
outstanding, the Borrower shall not, nor shall it permit any Restricted Subsidiary to, directly or
indirectly:

     7.01. Liens. Create, incur, assume or suffer to exist any Lien upon any of its property,
assets or revenues, whether now owned or hereafter acquired, other than the following:

     (a) Liens pursuant to any Loan Document;

     (b) Liens existing on the date hereof and listed on Schedule 7.01 and any renewals or
extensions thereof, provided that (i) the property covered thereby is not changed, (ii) the
amount secured or benefited thereby is not increased, and (iii) any renewal or extension of the
obligations secured or benefited thereby is permitted by Section 7.03(c);

     (c) Liens for taxes not yet due or which are being contested in good faith and by appropriate
proceedings, if adequate reserves with respect thereto are maintained on the books of the
applicable Person in accordance with GAAP;

     (d) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens
arising in the ordinary course of business which are not overdue for a period of more than 60 days
or which are being contested in good faith and by appropriate proceedings;

     (e) pledges or deposits in the ordinary course of business in connection with workers’
compensation, unemployment insurance and other social security legislation and deposits securing
liability to insurance carriers under insurance or self-insurance arrangements;

     (f) (i) deposits to secure the performance of bids, trade contracts and leases (other than
Indebtedness), reclamation bonds, statutory obligations, surety and appeal bonds, performance bonds
and other obligations of a like nature incurred in the ordinary course of

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business and (ii) Liens
on assets to secure obligations under surety bonds obtained as required in connection with the
entering into of new federal coal leases;

     (g) easements, rights-of-way, zoning restrictions, other restrictions and other similar
encumbrances which, in the aggregate, are not substantial in amount, and which do not in any case
materially detract from the value of the property subject thereto or materially interfere with the
ordinary conduct of the business of the applicable Person;

     (h) Liens securing attachments or judgments for the payment of money not constituting an Event
of Default under Section 8.01(h) or securing appeal or surety bonds related to such
attachments or judgments;

     (i) Liens securing Indebtedness of the Borrower and its Restricted Subsidiaries permitted by
Section 7.03 incurred to finance the acquisition of fixed or capital assets;
provided that (i) such Liens shall be created substantially simultaneously with the
acquisition of such fixed or capital assets, (ii) such Liens do not at any time encumber any
property other than the property financed by such Indebtedness (other than after-acquired title in
or on such property and proceeds of the existing collateral in accordance with the instrument
creating such Lien) and (iii) the principal amount of Indebtedness secured by any such Lien shall
at no time exceed 100% of the original purchase price of such property of such property at the time
it was acquired (it being understood that Liens of the type described in this subsection (i)
incurred by a Restricted Subsidiary before such time as it became a Restricted Subsidiary are
permitted under this subsection (i));

     (j) Liens on the property or assets of a Person which becomes a Restricted Subsidiary after
the date hereof securing Indebtedness permitted by Section 7.03 not to exceed $100,000,000
at any time outstanding, provided that (i) such Liens existed at the time such entity
became a Subsidiary and were not created in anticipation thereof, (ii) any such Lien is not
expanded to cover any other property or assets of such Person (other than the proceeds of the
property or assets subject to such Lien) or of the Borrower or any Restricted Subsidiary, and (iii)
the amount of Indebtedness secured thereby is not increased;

     (k) Liens on the property of the Borrower or any of its Subsidiaries, as a tenant under a
lease or sublease entered into in the ordinary course of business by such Person, in favor of the
landlord under such lease or sublease, securing the tenant’s performance under such lease or
sublease, as such Liens are provided to the landlord under applicable law and not waived by
the landlord;

     (l) Liens arising from precautionary Uniform Commercial Code financing statement filings with
respect to operating leases or consignment arrangements entered into by the Borrower or any of its
Restricted Subsidiaries in the ordinary course of business;

     (m) Liens securing Refinancing Indebtedness, to the extent that the Indebtedness being
refinanced was originally secured in accordance with this Section 7.01, provided
that such Lien does not apply to any additional property or assets of the Borrower or any
Restricted Subsidiary (other than the proceeds of the property or assets subject to such Lien);

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     (n) Production Payments, royalties, dedication of reserves under supply agreements or similar
rights or interests granted, taken subject to, or otherwise imposed on properties consistent with
normal practices in the mining industry;

     (o) leases, subleases, licenses and rights-of-use granted to others incurred in the ordinary
course of business and that do not materially and adversely affect the use of the property
encumbered thereby for its intended purpose;

     (p) Liens in favor of a banking institution arising by operation of law or any contract
encumbering deposits (including the right of set-off) held by such banking institutions incurred in
the ordinary course of business and which are within the general parameters customary in the
banking industry;

     (q) Liens on Capital Stock and other Equity Interests in Unrestricted Subsidiaries securing
obligations of Unrestricted Subsidiaries not otherwise prohibited hereunder;

     (r) Liens on receivables and rights related to such receivables created pursuant to any
Permitted Securitization Programs (to the extent that any such Disposition of receivables is deemed
to give rise to a Lien); and

     (s) Liens on assets of the Borrower and its Restricted Subsidiaries with a value (determined
immediately prior to the incurrence of such Lien) in an aggregate amount (at actual cost, without
adjustment for subsequent increases or decreases in the value of such asset) not in excess of 3.0%
of Tangible Assets of the Borrower and its Restricted Subsidiaries.

     7.02. Investments. Make any Investments, except:

     (a) Investments held by the Borrower or such Restricted Subsidiary in the form of cash
equivalents or short-term marketable debt securities;

     (b) advances to officers, directors and employees of the Borrower and Subsidiaries in an
aggregate amount not to exceed $10,000,000 at any time outstanding, for travel, entertainment,
relocation and analogous ordinary business purposes;

     (c) Investments consisting of extensions of credit in the nature of accounts receivable or
notes receivable arising from the grant of trade credit in the ordinary course of business, and
Investments received in satisfaction or partial satisfaction thereof from financially troubled
account debtors to the extent reasonably necessary in order to prevent or limit loss;

     (d) Investments (including debt obligations and Capital Stock) received in satisfaction of
judgments or in connection with the bankruptcy or reorganization of suppliers and customers of the
Borrower and its Restricted Subsidiaries and in settlement of delinquent obligations of, and other
disputes with, such customers and suppliers arising in the ordinary course of business;

     (e) Investments in the nature of Production Payments, royalties, dedication of reserves under
supply agreements or similar rights or interests granted, taken subject to, or otherwise imposed on
properties with normal practices in the mining industry;

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     (f) Investments in existence on the Effective Date set forth on Schedule 7.02 and
extensions, renewals, modifications, restatements or replacements thereof; provided that no
such extension, renewal, modification or restatement shall increase the amount of the original
loan, advance or investment, except by an amount equal to any premium or other reasonable amount
paid in respect of the underlying obligations and fees and expenses incurred in connection with
such replacement, renewal or extension;

     (g) promissory notes and other similar non-cash consideration received by the Borrower and its
Subsidiaries in connection with Dispositions not otherwise prohibited under this Agreement;

     (h) Investments in any assets constituting a business unit received by the Borrower or its
Subsidiaries by virtue of an asset exchange or swap with a third party or acquired as a capital
expenditure;

     (i) Swap Contracts permitted under Section 7.03(j);

     (j) Investments consisting of purchases of Senior Notes;

     (k) Investments by the Borrower or its Restricted Subsidiaries in Restricted Subsidiaries and
Investments by any Restricted Subsidiary in the Borrower; provided that, if the Investment
is in the form of Indebtedness, such Indebtedness must be permitted pursuant to Section
7.03(f); and

     (l) Investments by the Borrower or any Restricted Subsidiary in any Joint Venture or
Unrestricted Subsidiary in an aggregate amount not in excess of 15.0% of Tangible Assets of the
Borrower and Restricted Subsidiaries.

     7.03. Indebtedness. Create, incur, assume or suffer to exist any Indebtedness, except:

     (a) Indebtedness under the Loan Documents;

     (b) Indebtedness outstanding on the date hereof and listed on Schedule 7.03;

     (c) Any refinancings, refundings, renewals or extensions of Indebtedness permitted under
Section 7.03(b) or (k); provided that (i) the amount of such Indebtedness
(the “Refinancing Indebtedness”) is not increased at the time of such refinancing,
refunding, renewal or extension except by an amount equal to any premium or other reasonable amount
paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an
amount equal to any existing commitments unutilized thereunder and (ii) the terms relating to
principal amount, amortization, maturity, collateral (if any) and subordination (if any), and other
material terms taken as a whole, of any such refinancing, refunding, renewing or extending
Indebtedness, and of any agreement entered into and of any instrument issued in connection
therewith, are no less favorable in any material respect to the Loan Parties or the Lenders than
the terms of any agreement or instrument governing the Indebtedness being refinanced, refunded,
renewed or extended and the interest rate applicable to any such refinancing, refunding, renewing
or extending Indebtedness does not exceed the then applicable market interest rate (as determined
in good faith by the Board of Directors of the Borrower);

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     (d) Guarantees of the Borrower or any Restricted Subsidiary in respect of Indebtedness
otherwise permitted hereunder of the Borrower or any Restricted Subsidiary;

     (e) Indebtedness in respect of Swap Contracts incurred in the ordinary course of business and
consistent with prudent business practice;

     (f) Indebtedness of the Borrower and any Restricted Subsidiary to any Restricted Subsidiary
and of any Restricted Subsidiary to the Borrower; provided that, such Indebtedness must be
subordinated to the Obligations on customary terms;

     (g) Intercompany current liabilities incurred in the ordinary course of business of the
Borrower and its Subsidiaries;

     (h) Guarantee Obligations in respect of a letter of credit issued for the account of the
Borrower and for benefit of the PBGC in a face amount not to exceed $37,000,000 and for which TXU
Europe (or its successors) provides credit support;

     (i) Indebtedness incurred in connection with any Permitted Securitization Program;

     (j) Additional Indebtedness of the Loan Parties, provided, however, that
immediately after giving effect to the incurrence of any such Indebtedness by any Loan Party, (i)
no Default or Event of Default shall have occurred and be continuing and (ii) the Borrower shall
be in pro forma compliance with the covenants contained in Section 7.11, calculated based
on the relevant financial statements delivered pursuant to Section 6.01, as though such
incurrence occurred at the beginning of the period covered thereby; and

     (k) Indebtedness of non-Loan Party Restricted Subsidiaries in an aggregate amount not to
exceed 5.0% of Tangible Assets of the Loan Parties.

     7.04. Fundamental Changes. Merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether
in one transaction or in a series of transactions) all or substantially all of the assets (whether
now owned or hereafter acquired) of the Borrower and its Restricted Subsidiaries, taken as a whole,
to or in favor of any Person, except that, so long as no Default exists or would result therefrom:

     (a) any Subsidiary may merge with (i) the Borrower, provided that the Borrower shall
be the continuing or surviving Person, or (ii) any one or more other Subsidiaries, provided
that (i) when any wholly-owned Subsidiary is merging with another Subsidiary, the wholly-owned
Subsidiary shall be the continuing or surviving Person, and (ii) when any Restricted Subsidiary is
merging with any other Subsidiary, the continuing or surviving Person (unless such surviving Person
could otherwise be designated an Unrestricted Subsidiary hereunder) shall be a Restricted
Subsidiary, and (ii) when any Guarantor is merging with any other Subsidiary, the continuing or
surviving Person shall be a Guarantor;

     (b) any Subsidiary may Dispose of all or substantially all of its assets (upon voluntary
liquidation or otherwise) to the Borrower or to another Subsidiary; provided that (i) if
the transferor in such a transaction is a Restricted Subsidiary, then the transferee must either be
the Borrower or another Restricted Subsidiary (unless such Disposition would otherwise be

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permitted
as an Investment in an Unrestricted Subsidiary) and (ii) if the transferor is a Guarantor, then the
transferee must either be the Borrower or another Guarantor;

     (c) the Borrower and any Restricted Subsidiary may merge or consolidate with any other Person
in a transaction in which the Borrower is the surviving or continuing Person; and

     (d) any transaction that would be permitted as an Investment under Section 7.02.

        7.05. Dispositions. Make any Disposition or enter into any agreement to make any Disposition,
unless immediately after giving effect to such Disposition, (i) no Event of Default has occurred
and is continuing and (ii) the Borrower is in pro forma compliance with Section 7.11 for
the four consecutive fiscal quarters ended on the last day of the most recent fiscal period for
which financial statements have been delivered to the Administrative Agent pursuant to Section
6.01, calculated as if such Disposition had been consummated on the first day of such fiscal
period.

     7.06. Restricted Payments. Declare or make, directly or indirectly, any Restricted Payment
except that:

     (a) each Subsidiary may make Restricted Payments to the Borrower, the Subsidiary Guarantors
and any other Person that owns an Equity Interest in such Subsidiary, ratably according to their
respective holdings of the type of Equity Interest in respect of which such Restricted Payment is
being made;

     (b) the Borrower and each Subsidiary may declare and make dividend payments or other
distributions payable solely in the common stock or other Equity Interests of such Person or
another Subsidiary;

     (c) the Borrower and each Subsidiary may purchase, redeem or otherwise acquire Equity
Interests issued by it with the proceeds received from the substantially concurrent issue of new
shares of its common stock or other Equity Interests or Indebtedness permitted under Section
7.03;

     (d) the Borrower may declare or pay cash dividends to its stockholders and purchase, redeem or
otherwise acquire for cash Equity Interests issued by it, provided that at the time of such
declaration (in the case of dividends) or the date of any such Restricted Payment (in the case of
any other Restricted Payment), and after giving effective thereto, no Default shall have occurred
and be continuing and the Borrower is in compliance with the financial covenants set forth in
Section 7.11; and

     (e) the Borrower or any of its Subsidiaries may purchase (i) Equity Interests in any Loan
Party or options with respect thereto held by directors, officers or employees of the Borrower or
any Restricted Subsidiary (or their estates or authorized representatives) in connection with the
death, disability or termination of employment of any such director, officer or employee and (ii)
Equity Interests in any Loan Party for future issuance under any employee stock plan.

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     7.07. Change in Nature of Business. Engage in any material line of business other than a
Similar Business.

     7.08. Transactions with Affiliates. Enter into any transaction of any kind, including,
without limitation, any purchase, sale, lease or exchange of property or the rendering of any
service with any Affiliate, unless such transaction is (a) not prohibited by this Agreement and (b)
upon fair and reasonable terms substantially as favorable to the Borrower or such Subsidiary as
would be obtainable by the Borrower or such Subsidiary at the time in a comparable arm’s length
transaction with a Person other than an Affiliate. Notwithstanding the foregoing, (i) any such
transaction which is determined to be materially less favorable to the Borrower or a Restricted
Subsidiary than the Borrower or such Restricted Subsidiary reasonably believes it would obtain in a
comparable arm’s length transaction nevertheless shall be permitted if the excess consideration
being paid to such Affiliate would otherwise be permitted at such time as an Investment in such
Affiliate under Section 7.02 and, upon consummation of such transaction, such excess
consideration being paid to such Affiliate shall constitute an Investment for the purposes of
calculating compliance with Section 7.02; and (ii) the foregoing restrictions shall not
apply to the following:

          (A) transactions between or among the Borrower and any of its Restricted Subsidiaries or
between and among any Restricted Subsidiaries;

          (B) the payment of reasonable and customary fees and reimbursement of expenses payable to
directors of the Borrower or any Restricted Subsidiary or to any Plan, Plan administrator or Plan
trustee;

          (C) loans and advances to directors, officers and employees to the extent permitted by
Section 7.02;

          (D) the arrangements with respect to the procurement of services of directors, officers,
independent contractors, consultants or employees in the ordinary course of business and the
payment of customary compensation (including bonuses) and other benefits (including retirement,
health, stock option and other benefit plans) and reasonable reimbursement arrangements in
connection therewith;

          (E) payments to directors and officers of the Borrower and its Restricted Subsidiaries in
respect of the indemnification of such Persons in such respective capacities from and against any
and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements, as the case may be, pursuant to the Organization Documents or other
corporate action of the Borrower or its Restricted Subsidiaries, respectively, or pursuant to
applicable law;

          (F) transactions between or among the Borrower and any of its Restricted Subsidiaries on the
one hand and any Affiliate on the other in connection with the Prairie State Project so long as any
such transaction is on terms fair and reasonable to the Borrower and such Subsidiary; and

          (G) Restricted Payments permitted by Section 7.06.

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     7.09. Burdensome Agreements. Enter into any Contractual Obligation (other than this
Agreement or any other Loan Document) that limits the ability of any Subsidiary to make Restricted
Payments to the Borrower or any Subsidiary Guarantor or to otherwise transfer property to the
Borrower or any Subsidiary Guarantor, unless the Borrower determines in good faith that such
Contractual Obligations would not materially hinder the Borrower’s ability to meet its obligations
under this Agreement.

     7.10. Use of Proceeds. Use the proceeds of any Credit Extension, whether directly or
indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock
(within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of
purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose.

     7.11. Financial Covenants.

     (a) Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as
of the end of any fiscal quarter of the Borrower for the period of four consecutive fiscal quarters
of the Borrower ending on such date to be less than 2.50 to 1.00:

     (b) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as of the end of any
fiscal quarter of the Borrower for the period of four consecutive fiscal quarters of the Borrower
ending on such date set forth below to be greater than the ratio set forth below opposite such
period:

	 	 	 	 	 
	 	 	Maximum Consolidated	 
	Four Fiscal Quarters Ending	 	Leverage Ratio	 
	Effective Date through December 31, 2007
	 	 	3.75x	 
	January 1, 2008 through December 31, 2008
	 	 	3.50x	 
	January 1, 2009 and each fiscal quarter
thereafter
	 	 	3.25x	 

     7.12. Limitation on Negative Pledge Clauses. Enter into any Contractual Obligation (other than
this Agreement or any other Loan Document) that limits the ability of the Borrower or any
Subsidiary Guarantor to create, incur, assume or suffer to exist any Lien upon any of its property
to secure the Obligations hereunder; provided, however, that the foregoing clause
shall not apply to Contractual Obligations which:

     (a) exist on the date hereof and (to the extent not otherwise permitted by this Section
7.12) are listed on Schedule 7.12 hereto;

     (b) are binding on a Restricted Subsidiary at the time such Restricted Subsidiary first
becomes a Restricted Subsidiary of the Borrower, so long as such Contractual Obligations were not
entered into solely in contemplation of such Person becoming a Restricted Subsidiary of the
Borrower;

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     (c) arise in connection with any Lien permitted by Section 7.01 to the extent such
restrictions relate to the assets (and any proceeds in respect thereof) which are the subject of
such Lien;

     (d) represent Indebtedness permitted by Section 7.03 (other than secured Indebtedness
permitted by Section 7.01(j));

     (e) represent secured Indebtedness permitted by Section 7.01(j) to the extent that
such restrictions apply only to the Restricted Subsidiaries incurring or guaranteeing such
Indebtedness (and the Subsidiaries of such Restricted Subsidiaries);

     (f) arise in connection with any Disposition permitted by Section 7.05;

     (g) are customary provisions in joint venture agreements and other similar agreements
applicable solely to such joint venture or the Equity Interests therein;

     (h) are customary restrictions on leases, subleases, licenses or asset sale agreements
otherwise permitted hereby so long as such restrictions relate to the assets subject thereto;

     (i) are customary provisions restricting subletting or assignment of any lease governing a
leasehold interest of the Borrower or any Restricted Subsidiary;

     (j) are customary limitations (including financial maintenance covenants) existing under or by
reason of leases entered into in the ordinary course of business;

     (k) are restrictions on cash or other deposits imposed under contracts entered into in the
ordinary course of business;

     (l) are customary provisions restricting assignment of any agreements;

     (m) are restrictions imposed by any agreement relating to any Permitted Securitization Program
to the extent that such restrictions relate to the assets (and any proceeds in respect thereof)
that are the subject of such Permitted Securitization Program; or

     (n) are set forth in any agreement evidencing an amendment, modification, restatement,
renewal, increase, supplement, refunding, replacement or refinancing of the Contractual Obligations
referred to in clauses (i) through (xii) above; provided, that such amendment,
modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing is,
in the good faith judgment of the Borrower, not materially less favorable to the Loan Parties and
the Lenders with respect to such limitations than those applicable pursuant to such Contractual
Obligations prior to such amendment, modification, restatement, renewal, increase, supplement,
refunding, replacement or refinancing.

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ARTICLE VIII.

EVENTS OF DEFAULT AND REMEDIES

     8.01. Events of Default. Any of the following shall constitute an Event of Default:

     (a) Non-Payment. The Borrower or any other Loan Party fails to pay (i) when and as
required to be paid herein, and in the currency required hereunder, any amount of principal of any
Loan or any L/C Obligation, or (ii) within five days after the same becomes due, any interest on
any Loan or on any L/C Obligation, or any fee due hereunder, any other amount payable hereunder or
under any other Loan Document; or

     (b) Specific Covenants. The Borrower fails to perform or observe any term, covenant
or agreement contained in any of Section 6.03(a), 6.05, 6.11, 6.13
or Article VII; or

     (c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or
agreement (not specified in subsection (a) or (b) above) contained in any Loan Document on its part
to be performed or observed and such failure continues for 30 days; or

     (d) Representations and Warranties. Any representation, warranty, certification or
statement of fact made or deemed made by or on behalf of the Borrower or any other Loan Party
herein, in any other Loan Document, or in any document delivered in connection herewith or
therewith shall be incorrect or misleading in any material respect when made or deemed made; or

     (e) Cross-Default. The Borrower or any Restricted Subsidiary (A) fails to make any
payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or
otherwise) in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder or
Guarantees of the Obligations) in each case having an aggregate principal amount of more than the
Threshold Amount, beyond the period of grace, if any provided in the instrument or agreement under
which such Indebtedness or Guarantee was created, (B) fails to observe or perform any other
agreement or condition relating to any such Indebtedness or Guarantee or contained in any
instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the
effect of which default or other event is to permit the holder or holders of such Indebtedness or
the beneficiary or beneficiaries of such Guarantee (or a trustee or agent on behalf of such holder
or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such
Indebtedness to become due prior to its stated maturity, or such Guarantee to become due or
payable, or (C) fails to observe or perform any agreement or condition relating to any such
Indebtedness or Guarantee or contained in any instrument or agreement evidencing, securing or
relating thereto, or any other event occurs, as a result of which default or other event, the
holder or holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a
trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) shall have
caused, with the giving of notice if required, such Indebtedness to become due prior to its stated
maturity, or such Guarantee to become due or payable; provided, however, that no
Default or Event of Default shall exist under this paragraph unless any of the circumstances
described in this subclause (A) and (B) of this subsection (e) continues for a period in excess of
10 days; or

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     (f) Insolvency Proceedings, Etc. Any Loan Party or any of its Restricted Subsidiaries
institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes
an assignment for the benefit of creditors; or applies for or consents to the appointment of any
receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or
for all or any substantial part of its property; or any receiver, trustee, custodian, conservator,
liquidator, rehabilitator or similar officer is appointed without the application or consent of
such Person and the appointment continues undischarged or unstayed for 60 calendar days; or any
proceeding under any Debtor Relief Law relating to any such Person or to all or any substantial
part of its property is instituted without the consent of such Person and continues undismissed or
unstayed for 60 calendar days, or an order for relief is entered in any such proceeding; or

     (g) Inability to Pay Debts; Attachment. (i) The Borrower or any Restricted Subsidiary
becomes unable or admits in writing its inability or fails generally to pay its debts as they
become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or
levied against all or any substantial part of the property of any such Person and is not released,
vacated or fully bonded within 60 days after its issue or levy; or

     (h) Judgments. There is entered against the Borrower or any Restricted Subsidiary a
final judgment or order for the payment of money in an aggregate amount exceeding the Threshold
Amount (to the extent not covered by independent third-party insurance), and, such judgments or
orders shall not have been vacated, discharged, stayed or bonded pending appeal within 60 days from
the entry thereof; or

     (i) ERISA. The occurrence of any of the following events that, individually or in the
aggregate, could reasonably be expected to result in a Material Adverse Effect: (i) an ERISA Event
occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably
be expected to result in an actual obligation to pay money of the Borrower under Title IV of ERISA
to the Pension Plan, Multiemployer Plan or the PBGC, or (ii) the Borrower or any ERISA Affiliate
fails to pay when due, after the expiration of any applicable grace period, any installment payment
with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan; or

     (j) Invalidity of Loan Documents. Any Loan Document, at any time after its execution
and delivery and for any reason other than as expressly permitted hereunder or satisfaction in full
of all the Obligations, ceases to be in full force and effect; or any Loan Party or any other
Person contests in any manner the validity or enforceability of any Loan Document; or any Loan
Party denies that it has any or further liability or obligation under any Loan Document, or
purports to revoke, terminate or rescind any Loan Document; or

     (k) Change of Control. There occurs any Change of Control.

     8.02. Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the
Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders,
take any or all of the following actions:

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     (a) declare the commitment of each Lender to make Loans and any obligation of the L/C Issuer
to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be
terminated;

     (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and
unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document
to be immediately due and payable, without presentment, demand, protest or other notice of any
kind, all of which are hereby expressly waived by the Borrower;

     (c) require that the Borrower Cash Collateralize the L/C Obligations (in an amount equal to
the then Outstanding Amount thereof); and

     (d) exercise on behalf of itself and the Lenders all rights and remedies available to it and
the Lenders under the Loan Documents or applicable law;

provided, however, that upon the occurrence of an actual or deemed entry of an
order for relief with respect to the Borrower under Debtor Relief Laws of the United States, the
obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit
Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans and
all interest and other amounts as aforesaid shall automatically become due and payable, and the
obligation of the Borrower to Cash Collateralize the L/C Obligations as aforesaid shall
automatically become effective, in each case without further act of the Administrative Agent or any
Lender.

     8.03. Application of Funds. After the exercise of remedies provided for in Section
8.02 (or after the Loans have automatically become immediately due and payable and the L/C
Obligations have automatically been required to be Cash Collateralized as set forth in the proviso
to Section 8.02), any amounts received on account of the Obligations shall be applied by
the Administrative Agent in the following order:

     First, to payment of that portion of the Obligations constituting fees, indemnities,
expenses and other amounts (including fees, charges and disbursements of counsel to the
Administrative Agent and amounts payable under Article III) payable to the Administrative
Agent in its capacity as such;

     Second, to payment of that portion of the Obligations constituting fees, indemnities
and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders
and the L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders
and the L/C Issuer (including fees and time charges for attorneys who may be employees of any
Lender or the L/C Issuer) and amounts payable under Article III), ratably among them in
proportion to the respective amounts described in this clause Second payable to them;

     Third, to payment of that portion of the Obligations constituting accrued and unpaid
Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Obligations, ratably
among the Lenders and the L/C Issuer in proportion to the respective amounts described in this
clause Third payable to them;

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     Fourth, to payment of that portion of the Obligations constituting unpaid principal of
the Loans and L/C Borrowings, ratably among the Lenders and the L/C Issuer in proportion to the
respective amounts described in this clause Fourth held by them;

     Fifth, to the Administrative Agent for the account of the L/C Issuer, to Cash
Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters
of Credit; and

     Last, the balance, if any, after all of the Obligations have been indefeasibly paid in
full, to the Borrower or as otherwise required by Law.

Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount
of Letters of Credit pursuant to clause Fifth above shall be applied to satisfy drawings
under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral
after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be
applied to the other Obligations, if any, in the order set forth above.

ARTICLE IX.

ADMINISTRATIVE AGENT

     9.01. Appointment and Authority. Each of the Lenders and the L/C Issuer hereby irrevocably appoints Bank of America to act
on its behalf as the Administrative Agent hereunder and under the other Loan Documents and
authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers
as are delegated to the Administrative Agent by the terms hereof or thereof, together with such
actions and powers as are reasonably incidental thereto. The provisions of this Article are solely
for the benefit of the Administrative Agent, the Lenders and the L/C Issuer, and neither the
Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such
provisions.

     9.02. Rights as a Lender. The Person serving as the Administrative Agent hereunder shall have
the same rights and powers in its capacity as a Lender as any other Lender and may exercise the
same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall,
unless otherwise expressly indicated or unless the context otherwise requires, include the Person
serving as the Administrative Agent hereunder in its individual capacity. Such Person and its
Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other
advisory capacity for and generally engage in any kind of business with the Borrower or any
Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder
and without any duty to account therefor to the Lenders.

     9.03. Exculpatory Provisions. The Administrative Agent shall not have any duties or
obligations except those expressly set forth herein and in the other Loan Documents. Without
limiting the generality of the foregoing, the Administrative Agent:

     (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a
Default has occurred and is continuing;

     (b) shall not have any duty to take any discretionary action or exercise any discretionary
powers, except discretionary rights and powers expressly contemplated hereby or

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by the other Loan
Documents that the Administrative Agent is required to exercise as directed in writing by the
Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided
for herein or in the other Loan Documents), provided that the Administrative Agent shall
not be required to take any action that, in its opinion or the opinion of its counsel, may expose
the Administrative Agent to liability or that is contrary to any Loan Document or applicable law;
and

     (c) shall not, except as expressly set forth herein and in the other Loan Documents, have any
duty to disclose, and shall not be liable for the failure to disclose, any information relating to
any of the Borrower or any of their respective Affiliates that is communicated to or obtained by
the Person serving as the Administrative Agent or any of its Affiliates in any capacity.

     The Administrative Agent shall not be liable for any action taken or not taken by it (i) with
the consent or at the request of the Required Lenders (or such other number or percentage of the
Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith
shall be necessary, under the circumstances as provided in Section 10.01 and
8.02) or (ii) in the absence of its own gross negligence or willful misconduct. The
Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice
describing such Default is given to the Administrative Agent by the Borrower, a Lender or the L/C
Issuer.

     The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire
into (i) any statement, warranty or representation made in or in connection with this Agreement or
any other Loan Document, (ii) the contents of any certificate, report or other document delivered
hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance
of any of the covenants, agreements or other terms or conditions set forth herein or therein or the
occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this
Agreement, any other Loan Document or any other agreement, instrument or document or (v) the
satisfaction of any condition set forth in Article IV or elsewhere herein, other than to
confirm receipt of items expressly required to be delivered to the Administrative Agent.

     9.04. Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely
upon, and shall not incur any liability for relying upon, any notice, request, certificate,
consent, statement, instrument, document or other writing (including any electronic message,
Internet or intranet website posting or other distribution) believed by it to be genuine and to
have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent
also may rely upon any statement made to it orally or by telephone and believed by it to have been
made by the proper Person, and shall not incur any liability for relying thereon. In determining
compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of
Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the L/C Issuer, the
Administrative Agent may presume that such condition is satisfactory to such Lender or the L/C
Issuer unless the Administrative Agent shall have received notice to the contrary from such Lender
or the L/C Issuer prior to the making of such Loan or the issuance of such Letter of Credit. The
Administrative Agent may consult with legal counsel (who may be counsel for the Borrower),
independent accountants and other experts selected by it, and shall not be liable for

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any action
taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

     9.05. Delegation of Duties. The Administrative Agent may perform any and all of its duties
and exercise its rights and powers hereunder or under any other Loan Document by or through any one
or more sub agents appointed by the Administrative Agent. The Administrative Agent and any such
sub agent may perform any and all of its duties and exercise its rights and powers by or through
their respective Related Parties. The exculpatory provisions of this Article shall apply to any
such sub agent and to the Related Parties of the Administrative Agent and any such sub agent, and
shall apply to their respective activities in connection with the syndication of the credit
facilities provided for herein as well as activities as Administrative Agent.

     9.06. Resignation of Administrative Agent. The Administrative Agent may at any time give notice of its resignation to the Lenders, the
L/C Issuer and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders
shall have the right, with the approval of the Borrower (such approval not to be unreasonably
withheld), 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. 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 and the L/C Issuer, 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 Loan Documents (except that in the case of any collateral
security held by the Administrative Agent on behalf of the Lenders or the L/C Issuer under any of
the Loan Documents, the retiring Administrative Agent shall continue to hold such collateral
security until such time as a successor Administrative Agent is appointed) and (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 and the L/C Issuer directly, until such time as the
Required Lenders appoint a successor Administrative Agent as provided for above in this Section.
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 Loan 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 Loan Documents, the provisions of this Article
and Section 10.04 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.

     Any resignation by Bank of America as Administrative Agent pursuant to this Section shall also
constitute its resignation as L/C Issuer and Swing Line Lender. Upon the acceptance

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of a
successor’s appointment as Administrative Agent hereunder, (a) such successor shall succeed to and
become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer and
Swing Line Lender, (b) the retiring L/C Issuer and Swing Line Lender shall be discharged from all
of their respective duties and obligations hereunder or under the other Loan Documents, and (c) the
successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if
any, outstanding at the time of such succession or make other arrangements satisfactory to the
retiring L/C Issuer to effectively assume the obligations of the retiring L/C Issuer with respect
to such Letters of Credit.

     9.07. Non-Reliance on Administrative Agent and Other Lenders. Each Lender and the L/C Issuer acknowledges that it has, independently and without reliance
upon the Administrative Agent or any other Lender or any of their Related Parties and based on such
documents and information as it has deemed appropriate, made its own credit analysis and decision
to enter into this Agreement. Each Lender and the L/C Issuer also acknowledges that it will,
independently and without reliance upon the Administrative Agent or any other Lender or any of
their Related Parties and based on such documents and information as it shall from time to time
deem appropriate, continue to make its own decisions in taking or not taking action under or based
upon this Agreement, any other Loan Document or any related agreement or any document furnished
hereunder or thereunder.

     9.08. No Other Duties, Etc. Except as expressly set forth herein, none of the Bookrunners,
Arrangers or other titles listed on the cover page hereof shall have any powers, duties or
responsibilities under this Agreement or any of the other Loan Documents, except in its capacity,
as applicable, as the Administrative Agent, a Lender or the L/C Issuer hereunder.

     9.09. Administrative Agent May File Proofs of Claim. In case of the pendency of any
receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment,
composition or other judicial proceeding relative to any Loan Party, the Administrative Agent
(irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable
as herein expressed or by declaration or otherwise and irrespective of whether the Administrative
Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention
in such proceeding or otherwise

     (a) to file and prove a claim for the whole amount of the principal and interest owing and
unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid
and to file such other documents as may be necessary or advisable in order to have the claims of
the Lenders, the L/C Issuer and the Administrative Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders, the L/C Issuer and the
Administrative Agent and their respective agents and counsel and all other amounts due the Lenders,
the L/C Issuer and the Administrative Agent under Section 2.03(i) and (j),
2.09 and 10.04) allowed in such judicial proceeding; and

     (b) to collect and receive any monies or other property payable or deliverable on any such
claims and to distribute the same;

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Lender and the L/C Issuer to make

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such
payments to the Administrative Agent and, in the event that the Administrative Agent shall consent
to the making of such payments directly to the Lenders and the L/C Issuer, to pay to the
Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and
advances of the Administrative Agent and its agents and counsel, and any other amounts due the
Administrative Agent under Section 2.09 and 10.04.

     Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or
consent to or accept or adopt on behalf of any Lender or the L/C Issuer any plan of
reorganization, arrangement, adjustment or composition affecting the Obligations or the rights
of any Lender or to authorize the Administrative Agent to vote in respect of the claim of any
Lender in any such proceeding.

     9.10. Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the
Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from
its obligations under the Subsidiary Guaranty if such Person ceases to be a Subsidiary as a result
of a transaction not prohibited hereunder.

     Upon request by the Administrative Agent at any time, the Required Lenders will confirm in
writing the Administrative Agent’s authority to release any Subsidiary Guarantor from its
obligations under the Subsidiary Guaranty pursuant to this Section 9.10.

ARTICLE X.

MISCELLANEOUS

     10.01. Amendments, Etc. No amendment or waiver of any provision of this Agreement or any
other Loan Document, and no consent to any departure by the Borrower or any other Loan Party
therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrower or
the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent, and
each such waiver or consent shall be effective only in the specific instance and for the specific
purpose for which given; provided, however, that no such amendment, waiver or
consent shall:

     (a) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated
pursuant to Section 8.02) without the written consent of such Lender;

     (b) postpone any date fixed by this Agreement or any other Loan Document for any payment or
mandatory prepayment of principal, interest, fees or other amounts due to the Lenders (or any of
them) or any mandatory reduction of the Aggregate Commitments hereunder without the written consent
of each Lender directly adversely affected thereby;

     (c) reduce the principal of, or the stated rate of interest specified herein on, any Loan or
Unreimbursed Amount, or (subject to clause (iv) of the second proviso to this Section
10.01) any fees or other amounts payable hereunder; provided, however, that
only the consent of the Required Lenders shall be necessary (i) to amend the definition of “Default
Rate” or to waive any obligation of the Borrower to pay interest or Letter of Credit Fees at the
Default Rate or (ii) to amend any financial covenant hereunder (or any defined term used therein)
even if the effect of such amendment would be to reduce the rate of interest on any Loan or L/C
Borrowing or to reduce any fee payable hereunder;

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     (d) change Section 2.13 or Section 8.03 in a manner that would alter the pro
rata sharing of payments required thereby without the written consent of each Lender;

     (e) amend Section 1.06 or the definition of “Alternative Currency” without the written
consent of each Lender directly adversely affected thereby; or

     (f) change any provision of this Section or the definition of “Required Lenders” or the
definition of “Required Revolving Lenders” or any other provision hereof specifying the number or
percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any
determination or grant any consent hereunder without the written consent of each Lender; or

     (g) other than as permitted by Section 9.10, release all or substantially all of the
Subsidiary Guarantors without the written consent of each Lender;

and, provided further, that (i) no amendment, waiver or consent shall, unless in
writing and signed by the L/C Issuer in addition to the Lenders required above, affect the rights
or duties of the L/C Issuer under this Agreement or any Issuer Document relating to any Letter of
Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing
and signed by the Swing Line Lender in addition to the Lenders required above, affect the rights or
duties of the Swing Line Lender under this Agreement; (iii) no amendment, waiver or consent shall,
unless in writing and signed by the Administrative Agent in addition to the Lenders required above,
affect the rights or duties of the Administrative Agent under this Agreement or any other Loan
Document; and (iv) the Fee Letter and the Administrative Agent’s Fee Letter may be amended, or
rights or privileges thereunder waived, in a writing executed only by the parties thereto.
Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to
approve or disapprove any amendment, waiver or consent hereunder, except that the Commitment of
such Lender may not be increased or extended without the consent of such Lender.

     In addition, notwithstanding the foregoing, this Agreement may be amended (or amended and
restated) with the written consent of the Required Lenders, the Administrative Agent and the
Borrower (x) to add one or more additional credit facilities to this Agreement and to permit the
extensions of credit from time to time outstanding thereunder and the accrued interest and fees in
respect thereof (collectively, the “Additional Extensions of Credit”) to share ratably in
the benefits of this Agreement and the other Loan Documents with the Term Loans and Revolving
Credit Loans and the accrued interest and fees in respect thereof and (y) to include appropriately
the Lenders holding such credit facilities in any determination of the Required Lenders and
Required Revolving Lenders; provided, however, that no such amendment shall permit
the Additional Extensions of Credit to share ratably with or with preference to the Term Loans in
the application of any mandatory prepayments without the consent of Lenders holding more than 50%
of the aggregate principal amount of all Term Loans to share ratably with or with preference to the
Revolving Credit Loans in the application of any mandatory prepayments without the consent of the
Required Revolving Lenders.

     In addition, notwithstanding the foregoing, this Agreement may be amended with only the
written consent of the Administrative Agent (not to be unreasonably withheld), the Borrower

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and the
Lenders providing the relevant Replacement Term Loans (as defined below) (but not any other Lender)
to permit the refinancing, replacement or modification of all outstanding Term Loans (“Replaced
Term Loans”) with a replacement term loan tranche hereunder (“Replacement Term Loans”), provided that (a) the aggregate principal amount of such
Replacement Term Loans shall not exceed the aggregate principal amount of such Replaced Term Loans,
(b) the Applicable Rate for such Replacement Term Loans shall not be higher than the Applicable
Rate for such Replaced Term Loans and (c) the weighted average life to maturity of such Replacement
Term Loans shall not be shorter than the weighted average life to maturity of such Replaced Term
Loans at the time of such refinancing.

     Any such waiver and any such amendment or modification pursuant to this Section 10.01
shall apply equally to each of the Lenders and shall be binding upon the Borrower, the Lenders, the
L/C Issuer, the Swing Line Lender, the Administrative Agent and all future holders of the Loans.
In the case of any waiver, the Borrower, the Lenders, the L/C Issuer, the Swing Line Lender and the
Administrative Agent shall be restored to their former positions and rights hereunder and under the
other Loan Documents, and any Default or Event of Default that is waived pursuant to this
Section 10.01 shall be deemed to be cured and not continuing during the period of such
waiver.

     10.02. Notices; Effectiveness; Electronic Communication.

     (a) Notices Generally. Except in the case of notices and other communications
expressly permitted to be given by telephone (and except as provided in subsection (b) below), all
notices and other communications provided for herein shall be in writing and shall be delivered by
hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as
follows, and all notices and other communications expressly permitted hereunder to be given by
telephone shall be made to the applicable telephone number, as follows:

          (i) if to the Borrower, the Administrative Agent, the L/C Issuer or the Swing Line Lender, to
the address, telecopier number, electronic mail address or telephone number specified for such
Person on Schedule 10.02; and

          (ii) if to any other Lender, to the address, telecopier number, electronic mail address or
telephone number specified in its Administrative Questionnaire.

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall
be deemed to have been given when received; notices sent by telecopier shall be deemed to have been
given when sent (except that, if not given during normal business hours for the recipient, shall be
deemed to have been given at the opening of business on the next business day for the recipient).
Notices delivered through electronic communications to the extent provided in subsection (b) below,
shall be effective as provided in such subsection (b).

     (b) Electronic Communications. Notices and other communications to the Lenders and
the L/C Issuer 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 or the L/C
Issuer pursuant to Article II if such Lender or the L/C Issuer, as applicable, has notified
the

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Administrative Agent that it is incapable of receiving notices under such Article 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 the Lenders and the L/C Issuers 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. 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, the L/C Issuer 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 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, the L/C Issuer or any
other Person for indirect, special, incidental, consequential or punitive damages (as opposed to
direct or actual damages.

     (d) Change of Address, Etc. The Borrower, the Administrative Agent, the L/C Issuer
and the Swing Line Lender 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, the Administrative Agent, the L/C Issuer and the Swing Line Lender. 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.

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     (e) Reliance by Administrative Agent, L/C Issuer and Lenders. The Administrative
Agent, the L/C Issuer and the Lenders shall be entitled to rely and act upon any notices (including
telephonic Borrowing Notices and Swing Line Loan Notices) purportedly given by or on behalf of the
Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or
were not preceded or followed by any other form of notice specified herein, or (ii) the terms
thereof, as understood by the recipient, varied from any confirmation thereof. 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.

     10.03. No Waiver; Cumulative Remedies. No failure by any Lender or the Administrative Agent
to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege
hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right,
remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise
of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein
provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided
by law.

     10.04. Expenses; Indemnity; Damage Waiver.

     (a) Costs and Expenses. The Borrower shall pay (i) all reasonable out-of-pocket
expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees,
charges and disbursements of counsel for the Administrative Agent), in connection with the
syndication of the credit facilities provided for herein, the preparation, negotiation, execution,
delivery and administration and enforcement of this Agreement and the other Loan Documents or any
amendments, modifications or waivers of the provisions hereof or thereof (whether or not the
transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable
out-of-pocket expenses incurred by the L/C Issuer in connection with the issuance, amendment,
renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all
out-of-pocket expenses incurred by the Administrative Agent, any Lender or the L/C Issuer
(including the reasonable fees, charges and disbursements of any counsel for the Administrative
Agent, any Lender or the L/C Issuer), in connection with the enforcement or protection of its
rights (A) in connection with this Agreement and the other Loan Documents, including its rights
under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder,
including all such out-of-pocket expenses incurred during any workout, restructuring or
negotiations in respect of such Loans or Letters of Credit.

     (b) Indemnification by the Borrower. The Borrower shall indemnify the Administrative
Agent (and any sub-agent thereof), each Lender and the L/C Issuer, and each Related Party of any of
the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold
each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related
reasonable out-of-pocket expenses (including the reasonable fees, charges and disbursements of any
counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any
third party or by the Borrower or any other Loan Party arising out
of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any
other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance
by the parties hereto of their respective obligations hereunder or thereunder, the

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consummation of
the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and
any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the
other Loan Documents, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds
therefrom (including any refusal by the L/C Issuer to honor a demand for payment under a Letter of
Credit if the documents presented in connection with such demand do not strictly comply with the
terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous
Materials on or from any property owned or operated by any Borrower or any of its Subsidiaries, or
any Environmental Liability related in any way to any Borrower or any of its Subsidiaries, and (iv)
any actual or prospective claim, litigation, investigation or proceeding relating to any of the
foregoing, whether based on contract, tort or any other theory, whether brought by a third party or
by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party
thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the
extent that such losses, claims, damages, liabilities or related expenses (x) have resulted from
the gross negligence or willful misconduct of such Indemnitee or (y) result from a claim brought by
the Borrower or any other Loan Party against an Indemnitee for breach in bad faith of such
Indemnitee’s obligations hereunder or under any other Loan Document.

     (c) Reimbursement by Lenders. To the extent that the Borrower for any reason fails to
indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it
to the Administrative Agent (or any sub-agent thereof), the L/C Issuer or any Related Party of any
of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such
sub-agent), the L/C Issuer or such Related Party, as the case may be, such Lender’s Applicable
Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment
is sought) of such unpaid amount, provided that the unreimbursed expense or indemnified
loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted
against the Administrative Agent (or any such sub-agent) or the L/C Issuer in its capacity as such,
or against any Related Party of any of the foregoing acting for the Administrative Agent (or any
such sub-agent) or L/C Issuer in connection with such capacity. The obligations of the Lenders
under this subsection (c) are subject to the provisions of Section 2.12(d).

     (d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by
applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee,
on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to
direct or actual damages) arising out of, in connection with, or as a result of, this Agreement,
any other Loan Document or any agreement or instrument contemplated hereby, the transactions
contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof.
No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the
use by unintended recipients of any information or other materials distributed by it through
telecommunications, electronic or other information transmission systems in connection with this
Agreement or the other Loan Documents or the transactions contemplated hereby or thereby, except to
the extent such damages result from the gross negligence or willful misconduct of such Indemnitee.

     (e) Payments. All amounts due under this Section shall be payable not later than ten
Business Days after demand therefor.

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     (f) Survival. The agreements in this Section shall survive the resignation of the
Administrative Agent and the L/C Issuer, the replacement of any Lender, the termination of the
Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations.

     10.05. Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is
made to the Administrative Agent, the L/C Issuer or any Lender, or the Administrative Agent, the
L/C Issuer or any Lender exercises its right of setoff, and such payment or the proceeds of such
setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential,
set aside or required (including pursuant to any settlement entered into by the Administrative
Agent, the L/C Issuer or such Lender in its discretion) to be repaid to a trustee, receiver or any
other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a)
to the extent of such recovery, the obligation or part thereof originally intended to be satisfied
shall be revived and continued in full force and effect as if such payment had not been made or
such setoff had not occurred, and (b) each Lender and the L/C Issuer severally agrees to pay to the
Administrative Agent upon demand its applicable share (without duplication) of any amount so
recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such
demand to the date such payment is made at a rate per annum equal to the applicable Overnight Rate
from time to time in effect, in the applicable currency of such recovery or payment. The
obligations of the Lenders and the L/C Issuer under clause (b) of the preceding sentence shall
survive the payment in full of the Obligations and the termination of this Agreement.

     10.06. Successors and Assigns.

     (a) Successors and Assigns Generally. The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby, except that no Loan Party may assign or otherwise transfer any of its
rights or obligations hereunder without the prior written consent of the Administrative Agent and
each Lender and no Lender may assign or otherwise transfer any of its rights or obligations
hereunder except (i) to an Eligible Assignee in accordance with the provisions of subsection (b) of
this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of
this Section, or (iii) by way of pledge or assignment of a security interest subject to the
restrictions of subsection (f) of this Section. Nothing in this Agreement, expressed or implied,
shall be construed to confer upon any Person (other than the parties hereto, their respective
successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of
this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the
Administrative Agent, the L/C Issuer and the Lenders) any legal or equitable right, remedy or claim
under or by reason of this Agreement.

     (b) Assignments by Lenders. Any Lender may at any time assign to one or more Eligible
Assignees all or a portion of its rights and obligations under this Agreement (including all or a
portion of its Commitment and the Loans (including for purposes of this subsection (b),
participations in L/C Obligations and in Swing Line Loans) at the time owing to it);
provided that

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          (i) except in the case of an assignment of the entire remaining amount of the assigning
Lender’s Commitment and the Loans at the time owing to it or in the case of an assignment to a
Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, 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, or
$1,000,000, in the case of any assignment in respect of the Term Loan Facility, unless each of the
Administrative Agent and, so long as no Event of Default has occurred and is continuing, the
Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed);
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) each partial assignment shall be made as an assignment of a proportionate part of all the
assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the
Commitment assigned, except that this clause (ii) shall not apply to rights in respect of Swing
Line Loans;

          (iii) any assignment of a Revolving Credit Commitment must be approved by the Administrative
Agent, the L/C Issuer and the Swing Line Lender unless the Person that is the proposed assignee is
itself a Lender (whether or not the proposed assignee would otherwise qualify as an Eligible
Assignee); and

          (iv) 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 10.06, and the Eligible Assignee, if it shall not be a
Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c)
of this Section, from and after the closing date specified in each Assignment and Assumption, the
Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the interest
assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by
such Assignment and Assumption, be released from its obligations under this Agreement (and, in the
case of an Assignment and Assumption covering all of the assigning
Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto)
but shall continue to be entitled to the benefits of Section 3.01, 3.04,
3.05, and 10.04 with respect to facts and circumstances occurring prior to the
closing 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 Agreement that does not comply with this subsection shall be treated for
purposes of this Agreement as a sale by such

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Lender of a participation in such rights and
obligations in accordance with subsection (d) of this Section.

     (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 and L/C Obligations owing to,
each Lender pursuant to the terms hereof from time to time (the “Register”). The entries
in the Register shall be conclusive, and the 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 Agreement, notwithstanding notice to the contrary. Any
assignment of any Loan, whether or not evidenced by a Note, shall be effective only upon
appropriate entries with respect thereto being made in the Register (and each Note shall expressly
so provide). The Register shall be available for inspection by the Borrower and the L/C Issuer at
any reasonable time and from time to time upon reasonable prior notice. In addition, at any time
that a request for a consent for a material or substantive change to the Loan Documents is pending,
any Lender may request and receive from the Administrative Agent a copy of the Register.

     (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
Agreement (including all or a portion of its Commitment and/or the Loans (including such Lender’s
participations in L/C Obligations and/or Swing Line Loans) owing to it); provided that (i)
such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall
remain solely responsible to the other parties hereto for the performance of such obligations and
(iii) the Borrower, the Administrative Agent, the Lenders and the L/C Issuer shall continue to deal
solely and directly with such Lender in connection with such Lender’s rights and obligations under
this Agreement.

     Any agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce this Agreement and to approve any
amendment, modification or waiver of any provision of this Agreement; provided that such
agreement or instrument may provide that such Lender will not, without the consent of the
Participant, agree to any amendment, waiver or other modification described in clauses (a), (b)
(c), and (f) of the first proviso to Section 10.01 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 3.01, 3.04 and 3.05 to the same extent as if it
were a Lender and had acquired its interest by assignment, provided, that in the case of
Section 3.01, such Participant shall have complied with the requirements of such section.
To the extent permitted by law, each Participant
also shall be entitled to the benefits of Section 10.08 as though it were a Lender,
provided such Participant agrees to be subject to Section 2.13 as though it were a
Lender.

     (e) Limitation upon Participant Rights. A Participant shall not be entitled to
receive any greater payment under Section 3.01 or 3.04 than the applicable Lender
would have been entitled to receive with respect to the participation sold to such Participant,
unless the sale of the

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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 3.01 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 3.01(e) as though it were a Lender.

     (f) Certain Pledges. Any Lender may at any time pledge or assign a security interest
in all or any portion of its rights under this Agreement (including under its Note(s), if any) to
secure obligations of such Lender, including any pledge or assignment to secure obligations to a
Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender
from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as
a party hereto.

     (g) 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.

     (h) Resignation as L/C Issuer or Swing Line Lender after Assignment. Notwithstanding
anything to the contrary contained herein, if at any time Bank of America or any other L/C Issuer
assigns all of its Commitment and Loans pursuant to subsection (b) above, Bank of America or any
other L/C Issuer may, (i) upon 30 days’ notice to the Borrower and the Lenders, resign as L/C
Issuer and/or (ii) upon 30 days’ notice to the Borrower, resign as Swing Line Lender. In the event
of any such resignation as L/C Issuer or Swing Line Lender, the Borrower shall be entitled to
appoint from among the Lenders a successor L/C Issuer or Swing Line Lender hereunder;
provided, however, that no failure by the Borrower to appoint any such successor
shall affect the resignation of such L/C Issuer or Swing Line Lender, as the case may be. If Bank
of America resigns as L/C Issuer, it shall retain all the rights, powers, privileges and duties of
the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the Effective Date
of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right
to require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts
pursuant to Section 2.03(c)). If Bank of America resigns as Swing Line Lender, it shall
retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line
Loans made by it and outstanding as of the Effective Date of such resignation, including the right
to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swing
Line Loans pursuant to Section 2.04(c). Upon the appointment of a successor L/C Issuer
and/or Swing Line Lender, (a) such successor shall succeed to and become vested
with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swing Line
Lender, as the case may be, and (b) the successor L/C Issuer shall issue letters of credit in
substitution for the Letters of Credit, if any, outstanding at the time of such succession or make
other arrangements satisfactory to such L/C Issuer to effectively assume the obligations of such
L/C Issuer with respect to such Letters of Credit.

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     10.07. Treatment of Certain Information; Confidentiality. Each of the Administrative Agent,
the Lenders and the L/C Issuer agrees to maintain the confidentiality of the Information (as
defined below), except that Information may be disclosed (a) on a need-to-know basis, to its
Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees,
agents, advisors and representatives (it being understood that the Persons to whom such disclosure
is made will be informed of the confidential nature of such Information and instructed to keep such
Information confidential), (b) to the extent requested by any regulatory authority purporting to
have jurisdiction over it (including any self-regulatory authority, such as the National
Association of Insurance Commissioners), (c) to the extent required by applicable Laws or
regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in
connection with the exercise of any remedies hereunder or under any other Loan Document or any
action or proceeding relating to this Agreement or any other Loan Document or the enforcement of
rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the
same as those of this Section, to (i) any assignee of or Participant in, or any prospective
assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any
actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating
to the Borrower and its obligations, (g) with the consent of the Borrower or (h) to the extent such
Information becomes publicly available other than as a result of a breach of this Section.

     For purposes of this Section, “Information” means all information received from the
Borrower or any Subsidiary relating to the Borrower or any Subsidiary or any of their respective
businesses, other than any such information that is available to the Administrative Agent, any
Lender or the L/C Issuer on a nonconfidential basis prior to disclosure by the Borrower or any
Subsidiary, provided that, in the case of information received from the Borrower or any
Subsidiary after the date hereof, such information is clearly identified at the time of delivery as
confidential. Any Person required to maintain the confidentiality of Information as provided in
this Section shall be considered to have complied with its obligation to do so if such Person has
exercised reasonable care to protect such Information, and in no event less than the same degree of
care to maintain the confidentiality of such Information as such Person would accord to its own
confidential information.

     Each of the Administrative Agent, the Lenders and the L/C Issuer acknowledges that (a) the
Information may include material non-public information concerning the Borrower or a Subsidiary, as
the case may be, (b) it has developed compliance procedures regarding the use of material
non-public information and (c) it will handle such material non-public information in accordance
with applicable Law, including Federal and state securities laws.

     10.08. Right of Setoff. Upon any amount becoming due and payable hereunder (whether at stated maturity, by
acceleration or otherwise), each Lender, the L/C Issuer and each of their respective Affiliates is
hereby authorized at any time and from time to time, to the fullest extent permitted by applicable
law, to set off and apply any and all deposits (general or special, time or demand, provisional or
final, in whatever currency) at any time held and other obligations (in whatever currency) at any
time owing by such Lender, the L/C Issuer or any such Affiliate to or for the credit or the account
of the Borrower or any other Loan Party against any and all of the obligations of the Borrower or
such Loan Party now or hereafter existing under this Agreement or any other Loan Document to such
Lender or the L/C Issuer, irrespective of

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whether or not such Lender or the L/C Issuer shall have
made any demand under this Agreement or any other Loan Document or are owed to a branch or office
of such Lender or the L/C Issuer different from the branch or office holding such deposit or
obligated on such indebtedness. The rights of each Lender, the L/C Issuer and their respective
Affiliates under this Section are in addition to other rights and remedies (including other rights
of setoff) that such Lender, the L/C Issuer or their respective Affiliates may have. Each Lender
and the L/C Issuer agrees to notify the Borrower and the Administrative Agent promptly after any
such setoff and application, provided that the failure to give such notice shall not affect
the validity of such setoff and application.

     10.09. Interest Rate Limitation. Notwithstanding anything to the contrary contained in any
Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the
maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If
the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum
Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such
unpaid principal, refunded to the Borrower. In determining whether the interest contracted for,
charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person
may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal
as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the
effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the
total amount of interest throughout the contemplated term of the Obligations hereunder.

     10.10. Counterparts; Integration; Effectiveness. This Agreement may be executed in
counterparts (and by different parties hereto in different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a single contract.
This Agreement and the other Loan Documents constitute the entire contract among the parties
relating to the subject matter hereof and supersede any and all previous agreements and
understandings, oral or written, relating to the subject matter hereof. Except as provided in
Section 4.01, this Agreement shall become effective when it shall have been executed by the
Administrative Agent and when the Administrative Agent shall have received counterparts hereof
that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an
executed counterpart of a signature page of this Agreement by telecopy shall be effective as
delivery of a manually executed counterpart of this Agreement.

     10.11. Survival of Representations and Warranties. All representations and warranties made hereunder and in any other Loan Document or other
document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive
the execution and delivery hereof and thereof. Such representations and warranties have been or
will be relied upon by the Administrative Agent and each Lender, regardless of any investigation
made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the
Administrative Agent or any Lender may have had notice or knowledge of any Default at the time of
any Credit Extension, and shall continue in full force and effect as long as any Loan or any other
Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain
outstanding.

104

 

     10.12. Severability. If any provision of this Agreement or the other Loan Documents is held
to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the
remaining provisions of this Agreement and the other Loan Documents shall not be affected or
impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the
illegal, invalid or unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to that of the illegal, invalid or unenforceable provisions. The
invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction.

     10.13. Replacement of Lenders. If (a) any Lender requests compensation under Section
3.04, (b) the Borrower is required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 3.01, (c) any
Lender is at such time a Defaulting Lender or has given notice pursuant to Section 3.02, or
(d) any Lender becomes a “Nonconsenting Lender” (hereinafter defined), then the Borrower
may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent,
require such Lender to (and such Lender shall) assign and delegate, without recourse (in accordance
with and subject to the restrictions contained in, and consents required by, Section
10.06), all of its interest, rights and obligations under this Agreement and the related Loan
Documents to an assignee selected by the Borrower that shall assume such obligations (which
assignee may be another Lender, if a Lender accepts such assignment), provided that:

     (a) the Administrative Agent shall have received the assignment fee specified in Section
10.06(b);

     (b) such Lender shall have received payment of an amount equal to the outstanding principal of
its Loans and L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to
it hereunder and under the other Loan Documents (including any amounts under Section 3.05)
from the assignee (to the extent of such outstanding principal and accrued interest and fees) or
the Borrower (in the case of all other amounts);

     (c) in the case of any such assignment resulting from a claim for compensation under
Section 3.04 or payments required to be made pursuant to Section 3.01, such
assignment will result in a reduction in such compensation or payments thereafter;

     (d) such assignment does not conflict with applicable Laws, and

     (e) neither the Administrative Agent not any Lender shall be obligated to be or to find the
assignee.

     A Lender shall not be required to make any such assignment or delegation if, prior thereto, as
a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to
require such assignment and delegation cease to apply. In the event that (x) the Borrower or the
Administrative Agent has requested the Lenders to consent to a departure or waiver of any
provisions of the Loan Documents or to agree to any amendment thereto and (y) the Required Lenders
have agreed to such consent, waiver or amendment, then any Lender who does not agree to such
consent, waiver or amendment shall be deemed a “Nonconsenting

105

 

Lender.” Any such
replacement shall not be deemed a waiver of any rights that the Borrower shall have against the
replaced Lender.

     10.14. Governing Law; Jurisdiction; Etc.

     (a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK.

     (b) SUBMISSION TO JURISDICTION. THE BORROWER AND EACH OTHER LOAN PARTY IRREVOCABLY
AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE
COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT
OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR
RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND
UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND
DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN
SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR
PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT
OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT
SHALL AFFECT ANY RIGHT TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER
LOAN DOCUMENT AGAINST THE BORROWER OR ANY OTHER LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY
JURISDICTION.

     (c) WAIVER OF VENUE. THE BORROWER AND EACH OTHER LOAN PARTY IRREVOCABLY AND
UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT
MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY
COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO
THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.

     (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS
IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT
THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

106

 

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

     10.16. 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.

     10.17. Time of the Essence. Time is of the essence of the Loan Documents.

     10.18. Judgment Currency. If, for the purposes of obtaining judgment in any court, it is
necessary to convert a sum due hereunder or any other Loan Document in one currency into another
currency, the rate of exchange used shall be that at which in accordance with normal banking
procedures the
Administrative Agent could purchase the first currency with such other currency on the
Business Day preceding that on which final judgment is given. The obligation of the Borrower in
respect of any such sum due from it to the Administrative Agent or the Lenders hereunder or under
the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment
Currency”) other than that in which such sum is denominated in accordance with the applicable
provisions of this Agreement (the “Agreement Currency”), be discharged only to the extent
that on the Business Day following receipt by the Administrative Agent of any sum adjudged to be so
due in the Judgment Currency, the Administrative Agent may in accordance with normal banking
procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the
Agreement Currency so purchased is less than the sum originally due to the Administrative Agent
from the Borrower in the Agreement Currency, the Borrower agrees, as a separate obligation and
notwithstanding any such judgment, to indemnify the Administrative Agent or the Person to whom such
obligation was owing against such loss. If the amount of the Agreement Currency so purchased is
greater than the sum originally due to the Administrative Agent in such currency, the
Administrative Agent agrees to return the amount of any excess to the Borrower (or to any other
Person who may be entitled thereto under applicable law).

107

 

     10.19. Existing Agreement Superseded. As set forth in Section 1.09 hereof, the
Existing Credit Agreement is superseded by this Credit Agreement, which has been executed in
renewal, amendment, restatement and modification, but not in extinguishment of, the obligations
under the Existing Credit Agreement.

[Signature page to follow]

108

 

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

	 	 	 	 	 
	 	 	PEABODY ENERGY CORPORATION, a 
Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Walter L. Hawkins, Jr.
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Walter L. Hawkins, Jr.
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	VP & Treasurer
	 

	 	 	 	 

Signature
Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A., as

Administrative Agent
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Robert D. Valbona
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Robert D. Valbona
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Managing Director
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A., as a Lender, L/C
Issuer and
Swing Line Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Robert D. Valbona
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Robert D. Valbona
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Managing Director
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	CITIBANK, N.A., as Syndication Agent and
Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Raymond G. Dunning
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Raymond G. Dunning
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	BNP PARIBAS, as a Co-Documentation Agent and Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ J. Onischuk
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	J. Onischuk
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Director
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	BNP PARIBAS, as Co-Documentation Agent and Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Greg Smothers
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Greg Smothers
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	CALYON NEW YORK BRANCH, as Co-Documentation Agent and
Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Joseph A. Philbin
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Joseph A. Philbin
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Director
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Lee E. Greve
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Lee E. Greve
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Managing Director, Deputy Manager
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	THE ROYAL BANK OF SCOTLAND plc, as Co-Documentation
Agent and Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Brian Smith
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Brian Smith
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	HSBC BANK USA, NATIONAL ASSOCIATION, as
Co-Documentation Agent and Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jose Aldeanueva
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Jose Aldeanueva
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Senior Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	LEHMAN COMMERCIAL PAPER INC., as Co-Documentation
Agent and Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Craig Malloy
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Craig Malloy
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Authorized Signatory
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	MORGAN STANLEY BANK, as Co-Documentation Agent and
Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jaap L. Tonckens
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Jaap L. Tonckens
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Authorized Signatory
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	COMMONWEALTH BANK OF AUSTRALIA, as Senior Managing
Agent and Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jeff Heazlewood
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Jeff Heazlewood
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Relationship Executive
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	BMO CAPITAL MARKETS FINANCING, INC., as Senior
Managing Agent and Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ James Whitmore
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	James Whitmore
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Managing Director
	 

	 	 	 	 
	 
	 	 	 	 
	Signature Page to
Credit Agreement

 

 

	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A., as Senior Managing Agent
and Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Stacey Haimes
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Stacey Haimes
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	LASALLE BANK NATIONAL ASSOCIATON, as Senior Managing
Agent and Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Margaret Dierkes
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Margaret Dierkes
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	PNC BANK, NATIONAL ASSOCIATION, as Senior Managing
Agent and Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Richard C. Munsick
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Richard C. Munsick
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Senior Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	SOCIETE GENERALE AUSTRALIA BRANCH, as Senior Managing
Agent and Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David Roberts
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	David Roberts
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Executive Manager
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	STANDARD CHARTERED BANK, as Senior Managing Agent and
Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Patricia Doyle
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Patricia Doyle
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Senior Vice President
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	STANDARD CHARTERED BANK, as Senior Managing Agent and Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Robert K. Reddington 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Robert K. Reddington
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	AVP/ Credit Documentation Credit Risk Control
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	WELLS FARGO BANK, N.A., as Senior Managing Director
and Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Tim Green
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Tim Green
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Assistant Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Deirdre Reddan
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Deirdre Reddan
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Authorised Signatory
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Malcolm O’Connell
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Malcolm O’Connell
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Authorised Signatory
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	BAYERISCHE LANDESBANK, NEW YORK BANK
	 
	 	 	 	 
	 

	 	By:
	 	/s/ John Gregory
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	John Gregory
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Vice President
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Norman McClave
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Norman McClave
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	First Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	CREDIT SUISSE, Cayman Islands Branch
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Ian Nalitt
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Ian Nalitt
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Vice President
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	CREDIT SUISSE, Cayman Islands Branch
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Shaheen Malik
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Shaheen Malik
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Associate
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	FIFTH THIRD BANK, A MICHIGAN BANKING CORPORATION
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Robert M. Sander
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Robert M. Sander
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	FORTIS CAPITAL CORP
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Paul Naumann
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Paul Naumann
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Managing Director
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	By:
	 	/s/ William Marder
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	William Marder
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	BAYERISCHE HYPO-UND VEREINSBANK AG, NEW YORK BRANCH
	 
	 	 	 	 
	 

	 	By:
	 	/s/ William W. Hunter
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	William W. Hunter
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Director
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Annett Guderian
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Annett Guderian
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Associate Director
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	MIZUHO CORPORATE BANK, LTD.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Leon Mo
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Leon Mo
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Senior Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	NATIONAL CITY BANK
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Eric Hartman
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Eric Hartman
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	SOVEREIGN BANK
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Robert D. Lanigan
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Robert D. Lanigan
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Senior Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	SUMITOMO MITSUI BANKING CORPORATION, NEW YORK
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David A. Buck
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	David A. Buck
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Senior Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	UNION BANK OF CALIFORNIA, N.A.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Bryan Read
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Bryan Read
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	UNITED OVERSEAS BANK LIMITED, NEW YORK AGENCY
	 
	 	 	 	 
	 

	 	By:
	 	/s/ George Lim
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	George Lim
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	FVP & General Manager
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Mario Sheng
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Mario Sheng
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	AVP
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Kenneth Ziebart
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Kenneth Ziebart
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Banking Officer
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	WESTPAC BANKING CORPORATION
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Bradely Scammell
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Bradley Scammell
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	BANK LEUMI USA
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Joung Hee Hong
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Joung Hee Hong
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	First Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	THE BANK OF NEW YORK
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Craig J. Anderson
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Craig J. Anderson
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	BANK OF TOKYO-MITSUBISHI UFJ TRUST COMPANY
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Charles Stewart
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Charles Stewart
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	CREDIT INDUSTRIEL ET COMMERCIAL
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Brian O’Leary
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Brian O’Leary
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Vice President
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Anthony Rock
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Anthony Rock
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	COMERICA BANK
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Mark J. Leveilla
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Mark J. Leviella
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Assistant Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	FIRST BANK
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Traci L. Dodson
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Traci L. Dodson
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	PEOPLE’S BANK
	 
	 	 	 	 
	 

	 	By:
	 	/s/ George F. Paik
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	George F. Paik
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	 	UMB BANK, N.A.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Cecil G. Wood
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Cecil G. Wood
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Executive Vice President
	 

	 	 	 	 

Signature Page to Credit Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}]]