Document:

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                                                                    Exhibit 10.4

                          REGISTRATION RIGHTS AGREEMENT

      THIS REGISTRATION RIGHTS AGREEMENT (this "Agreement") is entered into as
of the ____ day of __________, 2005, by and among Confluence Acquisition
Partners I, Inc., a Delaware corporation (the "Company"); and the undersigned
parties listed under the designation "Holders" on the signature page hereto
(each, a "Holder" and collectively, the "Holders").

      WHEREAS, the Holders currently hold all of the issued and outstanding
securities of the Company;

      WHEREAS, the Holders and the Company desire to enter into this Agreement
to provide the Holders with certain rights relating to the registration of
shares of Common Stock held by them;

      NOW, THEREFORE, in consideration of the mutual covenants and agreements
set forth herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

1. DEFINITIONS. The following capitalized terms used herein have the following
meanings:

      "Agreement" means this Agreement, as amended, restated, supplemented, or
otherwise modified from time to time.

      "Blackout Period" means the period (a) beginning ninety (90) days prior
to the date the Company expects to file a Registration Statement for a public
offering (other than a registration statement relating to any employee benefit
plan, or a registration statement related solely to stock issued upon
conversion of debt securities) and, in the event no such Registration Statement
is filed, ending on the earlier of ninety (90) days thereafter or the date that
the Company no longer expects to file such Registration Statement, or, in the
event such a Registration Statement is filed, ending on the last day of the
distribution (as contemplated in Regulation M under the Securities Exchange
Act of 1934, as amended) of such public offering of securities; or (b)
beginning on the date following a determination of the Company's board of
directors made in the good faith judgement of such board of directors that it
would be materially detrimental to the Company and its stockholders for such
Registration Statement to be effected at such time, ending on the earlier of
ninety (90) days thereafter or the date on which the Company's board of
directors determines that it would no longer be materially detrimental to the
Company and its stockholders for such Registration Statement to be effected at
such time.

      "Business Combination" means a merger, capital stock exchange, asset
acquisition or other similar business combination with an operating business in
the banking industry as more specifically described in the Company's
registration statement on Form S-1, as amended, filed with the Commission in
connection with the Company's Initial Public Offering.

      "Commission" means the Securities and Exchange Commission, or any other
federal agency then administering the Securities Act or the Exchange Act.

      "Common Stock" means the common stock, par value $0.01 per share, of the
Company.

      "Company" is defined in the preamble to this Agreement.

      "Demand Registration" is defined in Section 2.1.1.

      "Demanding Holder" is defined in Section 2.1.1.

      "Effective Date" means the date of effectiveness of the registration
statement filed with the Commission in connection with the Company's Initial
Public Offering.

      "Exchange Act" means the Securities Exchange Act of 1934, as amended, and
the rules and regulations of the Commission promulgated thereunder, all as the
same shall be in effect at the time.

      "Expiration Date" shall mean ___________, 2010.

      "Form S-3" is defined in Section 2.3.

      "Holder" is defined in the preamble to this Agreement.

      "Indemnified Party" is defined in Section 4.1.

      "Indemnifying Party" is defined in Section 4.3.

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      "Initial Public Offering" means the Company's initial public offering
conducted in _____________, 2005 pursuant to the Securities Act.

      "Maximum Number of Shares" is defined in Section 2.1.4.

      "Notices" is defined in Section 6.3.

      "Piggy-Back Registration" is defined in Section 2.2.1.

      "Register," "registered" and "registration" mean a registration effected
by preparing and filing a registration statement or similar document in
compliance with the requirements of the Securities Act, and the applicable rules
and regulations promulgated thereunder, and such registration statement becoming
effective.

      "Registrable Securities" mean all of the shares of Common Stock owned or
held by Holders or Transferees. Registrable Securities include any warrants,
shares of capital stock or other securities of the Company issued as a dividend
or other distribution with respect to or in exchange for or in replacement of
such shares of Common Stock. As to any particular Registrable Securities, such
securities shall cease to be Registrable Securities when: (a) a Registration
Statement with respect to the sale of such securities shall have become
effective under the Securities Act and such securities shall have been sold,
transferred, disposed of or exchanged in accordance with such Registration
Statement; (b) such securities shall have been otherwise transferred, new
certificates for them not bearing a legend restricting further transfer shall
have been delivered by the Company and subsequent public distribution of them
shall not require registration under the Securities Act; or (c) such securities
shall have ceased to be outstanding. In addition, Registrable Securities shall
not include any securities held by any Holder if such securities are then
saleable under Rule 144 in the opinion of counsel to the Company.

      "Registration Statement" means a registration statement filed by the
Company with the Commission in compliance with the Securities Act and the rules
and regulations promulgated thereunder for a public offering and sale of Common
Stock (other than a registration statement on Form S-4 or Form S-8, or their
successors, or any registration statement covering only securities proposed to
be issued in exchange for securities or assets of another entity).

      "Release Date" means the date on which shares of Common Stock are
disbursed from escrow pursuant to Section 3 of that certain Stock Escrow
Agreement dated as of ______, 2005 by and among the parties hereto and
Continental Stock Transfer & Trust Company.

      "Securities Act" means the Securities Act of 1933, as amended, and the
rules and regulations of the Commission promulgated thereunder, all as the same
shall be in effect at the time.

      "Transferee" or "Transferees" means the persons, trusts or entities to
whom the Registrable Securities are transferred (i) by gift to a member of
Holder's immediate family or to a trust, the beneficiary of which is a Holder or
a member of a Holder's immediate family, (ii) by virtue of the laws of descent
and distribution upon death of any Holder, (iii) pursuant to a qualified
domestic relations order, or (iv) pursuant to a transfer of record ownership
whereby there is no change in beneficial ownership.

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      "Underwriter" means a securities dealer who purchases any Registrable
Securities as principal in an underwritten offering and not as part of such
dealer's market-making activities.

      "Warrants" means those warrants to purchase shares of Common Stock of the
Company expiring five years from the Effective Date.

2. REGISTRATION RIGHTS.

      2.1 Demand Registration.

            2.1.1 Grant of Right. The Company, upon the delivery of the Initial
Demand Notice (as defined below) of the Holder(s) of at least 51% (collectively,
the "Demanding Holders") of the Registrable Securities (defined below), agrees
to register (a "Demand Registration") on no more than two occasions, all or any
portion of the Registrable Securities requested by the Demanding Holders in the
Initial Demand Notice. With respect to such registration request, the Company
will use its commercially reasonable efforts to file a Registration Statement
covering the Registrable Securities as soon as reasonably practicable but no
later than one hundred twenty (120) days after the Initial Demand Notice and,
upon filing, use its commercially reasonable efforts to have such Registration
Statement declared effective as soon as practicable thereafter; provided, that
the Company shall be deemed to have complied with its obligation hereunder so
long as it has made such commercially reasonable efforts; provided, further,
that the Demanding Holders shall provide at least fifteen (15) business days
notice to the Company that the Demanding Holders desire the Company commence the
preparation of and effect the filing of a Registration Statement with the
Commission as to the Registrable Securities (the "Initial Demand Notice").
Notwithstanding the foregoing, if the Company provides the Demanding Holders
notice of a Blackout Period within seven (7) business days after it receives the
Initial Demand Notice, then (x) the Company's obligation to take any action
pursuant to this Section 2.1.1, including to file a Registration Statement
covering the Registrable Securities, shall be suspended during the Blackout
Period and (y) the Initial Demand Notice shall thereupon be deemed received, for
purposes of determining the timing of any obligation of the Company under this
Section 2.1.1 to register the Registrable Securities, on the first business day
immediately following the termination of such Blackout Period. An Initial Demand
Notice shall be effective only if it is received by the Company during the
period beginning on the Release Date and ending on the fifth anniversary
thereof. The Company shall give written notice of its receipt of any Initial
Demand Notice from any Holder(s) to all other registered Holders of the
Registrable Securities within ten (10) business days from the date of receipt of
any such Initial Demand Notice. Once made, a request for registration pursuant
to an Initial Demand Notice provided in accordance with this Section 2.1.1 may
not be revoked, except that such a request for registration pursuant to an
Initial Demand Notice may be revoked (and shall not be deemed to have been made
for purposes of determining the rights of the Holders under this Section 2.1) if
(i) the Demanding Holders have received a notice of a Blackout Period from the
Company and (ii) the Demanding Holders provide written notice to the Company
within ten (10) business days of receipt of any such notice of a Blackout Period
requesting such revocation for the purpose of preserving the right to request
registration pursuant to an Initial Demand Notice at a time subsequent thereto.
For the avoidance of doubt, the Company may not delay the ability of the
Demanding Holders to exercise their registration rights under this Agreement by
way of giving notice of a Blackout Period more than once during any 12 month
period, and any notice of a Blackout Period given by the Company to the
Demanding Holders shall not be made within four months of any previous Blackout
Period notice given by the Company.

            2.1.2 Effective Registration. A registration will not count as a
Demand Registration until the Registration Statement filed with the Commission
with respect to such Demand Registration has been declared effective and the
Company has complied with all of its obligations under this Agreement with
respect thereto.

            2.1.3 Underwritten Offering. If a majority-in-interest of the
Demanding Holders so elect and such Holders so advise the Company as part of
their written demand for a Demand Registration, the offering of such Registrable
Securities pursuant to such Demand Registration shall be in the form of an
underwritten offering. In such event, the right of any Holder to include its
Registrable Securities in such registration shall be conditioned upon such
Holder's participation in such underwriting and the inclusion of such Holder's
Registrable Securities in the underwriting to the extent provided herein. All
Demanding Holders shall

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enter into an underwriting agreement in customary form with the Underwriter or
Underwriters selected for such underwriting by a majority-in-interest of the
Holders initiating the Demand Registration.

            2.1.4 Reduction of Offering. If the managing Underwriter or
Underwriters for a Demand Registration that is to be an underwritten offering
advises the Company and the Demanding Holders in writing that the dollar amount
or number of shares of Registrable Securities which the Demanding Holders desire
to sell, taken together with all other shares of Common Stock or other
securities which the Company desires to sell and the shares of Common Stock, if
any, as to which registration has been requested pursuant to written contractual
piggy-back registration rights held by other shareholders of the Company who
desire to sell, exceeds the maximum dollar amount or maximum number of shares
that can be sold in such offering without adversely affecting the proposed
offering price, the timing, the distribution method, or the probability of
success of such offering (such maximum dollar amount or maximum number of
shares, as applicable, the "Maximum Number of Shares"), then the Company shall
include in such registration: (i) first, the Registrable Securities as to which
Demand Registration has been requested by the Demanding Holders (pro rata in
accordance with the number of shares of Registrable Securities which such
Demanding Holder has requested be included in such registration, regardless of
the number of shares of Registrable Securities held by each Demanding Holder)
that can be sold without exceeding the Maximum Number of Shares; (ii) second, to
the extent that the Maximum Number of Shares has not been reached under the
foregoing clause (i), the shares of Common Stock or other securities that the
Company desires to sell that can be sold without exceeding the Maximum Number of
Shares; (iii) third, to the extent that the Maximum Number of Shares has not
been reached under the foregoing clauses (i) and (ii), the shares of Common
Stock for the account of other persons that the Company is obligated to register
pursuant to written contractual arrangements with such persons and that can be
sold without exceeding the Maximum Number of Shares; and (iv) fourth, to the
extent that the Maximum Number of Shares have not been reached under the
foregoing clauses (i), (ii), and (iii), the shares of Common Stock that other
security holders desire to sell that can be sold without exceeding the Maximum
Number of Shares.

            2.1.5 Withdrawal. If a majority-in-interest of the Demanding Holders
disapprove of the terms of any underwriting or are not entitled to include all
of their Registrable Securities in any offering, such majority-in-interest of
the Demanding Holders may elect to withdraw from such offering by giving written
notice to the Company and the Underwriter or Underwriters of their request to
withdraw prior to the effectiveness of the Registration Statement filed with the
Commission with respect to such Demand Registration. If the majority-in-interest
of the Demanding Holders withdraws from a proposed offering relating to a Demand
Registration, then such registration shall not count as a Demand Registration
provided for in this Section 2.1.

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      2.2 Piggy-Back Registration.

            2.2.1 Piggy-Back Rights. If at any time on or after the Release Date
the Company proposes to file a Registration Statement under the Securities Act
with respect to an offering of equity securities, or securities or other
obligations exercisable or exchangeable for, or convertible into, equity
securities, by the Company for its own account or for shareholders of the
Company for their account (or by the Company and by shareholders of the Company
including, without limitation, pursuant to Section 2.1), other than a
Registration Statement (i) filed in connection with any employee stock option or
other benefit plan, (ii) for an exchange offer or offering of securities solely
to the Company's existing shareholders, (iii) for an offering of debt that is
convertible into equity securities of the Company or (iv) for a dividend
reinvestment plan, then the Company shall (x) give written notice of such
proposed filing to the Holders of Registrable Securities as soon as practicable
but in no event less than ten (10) business days before the anticipated filing
date,which notice shall describe the amount and type of securities to be
included in such offering, the intended method(s) of distribution, and the name
of the proposed managing Underwriter or Underwriters, if any, of the offering,
and (y) offer to the holders of Registrable Securities in such notice the
opportunity to register the sale of such number of shares of Registrable
Securities as such Holders may request in writing within five business (5) days
following receipt of such notice (a "Piggy-Back Registration"). The Company
shall cause such Registrable Securities to be included in such registration and
shall use its commercially reasonable efforts to cause the managing Underwriter
or Underwriters of a proposed underwritten offering to permit the Registrable
Securities requested to be included in a Piggy-Back Registration to be included
on the same terms and conditions as any similar securities of the Company and to
permit the sale or other disposition of such Registrable Securities in
accordance with the intended method(s) of distribution thereof. All Holders of
Registrable Securities proposing to distribute their securities through a
Piggy-Back Registration that involves an Underwriter or Underwriters shall enter
into an underwriting agreement in customary form with the Underwriter or
Underwriters selected for such Piggy-Back Registration.

            2.2.2 Reduction of Offering. If the managing Underwriter or
Underwriters for a Piggy-Back Registration that is to be an underwritten
offering advises the Company and the Holders of Registrable Securities in
writing that the dollar amount or number of shares of Common Stock which the
Company desires to sell, taken together with shares of Common Stock, if any, as
to which registration has been demanded pursuant to written contractual
arrangements with persons other than the Holders of Registrable Securities
hereunder, the Registrable Securities as to which registration has been
requested under this Section 2.2, and the shares of Common Stock, if any,
as to which registration has been requested pursuant to the written contractual
piggy-back registration rights of other shareholders of the Company, exceeds the
Maximum Number of Shares, then the Company shall include in any such
registration:

                  (i) If the registration is undertaken for the Company's
account: (A) first, the shares of Common Stock or other securities that the
Company desires to sell that can be sold without exceeding the Maximum Number of
Shares; (B) second, to the

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extent that the Maximum Number of Shares has not been reached under the
foregoing clause (A), the shares of Common Stock, if any, including the
Registrable Securities, as to which registration has been requested pursuant to
written contractual piggy-back registration rights of security Holders (pro rata
in accordance with the number of shares of Common Stock which each such person
has actually requested to be included in such registration, regardless of the
number of shares of Common Stock with respect to which such persons have the
right to request such inclusion) that can be sold without exceeding the Maximum
Number of Shares; and

                  (ii) If the registration is a "demand" registration undertaken
at the demand of persons other than the Holders of Registrable Securities
pursuant to written contractual arrangements with such persons, (A) first, the
shares of Common Stock for the account of the demanding persons that can be sold
without exceeding the Maximum Number of Shares; (B) second, to the extent that
the Maximum Number of Shares has not been reached under the foregoing clause
(A), the shares of Common Stock or other securities that the Company desires to
sell that can be sold without exceeding the Maximum Number of Shares; and (C)
third, to the extent that the Maximum Number of Shares has not been reached
under the foregoing clauses (A) and (B), the Registrable Securities as to which
registration has been requested under this Section 2.2 and any Shares as to
which registration has been requested pursuant to written contractual piggy-back
registration rights which other securityholders desire to sell that can be sold
without exceeding the Maximum Number of Shares (pro rata in accordance with the
number of shares of Registrable Securities held by each such Holder).

            2.2.3 Withdrawal. Any Holder of Registrable Securities may elect to
withdraw such Holder's request for inclusion of Registrable Securities in any
Piggy-Back Registration by giving written notice to the Company of such request
to withdraw prior to the effectiveness of the Registration Statement. The
Company may also elect to withdraw a Registration Statement at any time prior to
the effectiveness of the Registration Statement. Notwithstanding any such
withdrawal, the Company shall pay all expenses incurred by the Holders of
Registrable Securities in connection with such Piggy-Back Registration as
provided in Section 3.3.

      2.3 Registrations on Form S-3. The Holders of a majority in interest of
Registrable Securities may at any time and from time to time, request in writing
that the Company register the resale of any or all of such Registrable
Securities on Form S-3 or any similar short-form registration which may be
available at such time ("Form S-3"); provided, however, that the Company shall
not be obligated to effect such request through an underwritten offering. Upon
receipt of such written request, the Company will promptly give written notice
of the proposed registration to all other Holders of Registrable Securities,
and, as soon as practicable thereafter, effect the registration of all or such
portion of such Holder's or Holders' Registrable Securities as are specified in
such request, together with all or such portion of the Registrable Securities of
any other Holder or Holders joining in such request as are specified in a
written request given within fifteen (15) business days after receipt of such
written notice from the Company; provided, however, that the Company shall not
be obligated to effect any such registration pursuant to this Section 2.3: (i)
if Form S-3 is not

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available for such offering. Registrations effected pursuant to this Section
2.3 shall not be counted as a Demand Registration effected pursuant to Section
2.1.

3. CERTAIN AGREEMENTS RESPECTING REGISTRATIONS.

      3.1 Certain Registration Limitations and Procedures

            3.1.1 Limitations. Notwithstanding anything herein to the contrary,
the Company shall not be obligated to effect any registration pursuant to
Section 2.1 of this Agreement if the Holders of the Registrable Securities,
together with the Holders of any other securities of the Company entitled to
inclusion in such registration, propose to sell Registrable Securities and such
other securities (if any) at an aggregate price to the public of less than
$500,000; provided, further, that the Company shall not be obligated to file a
second Registration Statement until a Registration Statement that has been filed
is counted as a Demand Registration or is terminated or withdrawn.

            3.1.2 Copies. The Company shall, prior to filing a Registration
Statement or prospectus, or any amendment or supplement thereto, furnish without
charge to the Holders of Registrable Securities included in such registration,
and such Holders' legal counsel, copies of such Registration Statement as
proposed to be filed, each amendment and supplement to such Registration
Statement (in each case including all exhibits thereto and documents
incorporated by reference therein), the prospectus included in such Registration
Statement (including each preliminary prospectus), and such other documents as
the Holders of Registrable Securities included in such registration or legal
counsel for any such Holders may request in order to facilitate the disposition
of the Registrable Securities owned by such Holders.

            3.1.3 Amendments and Supplements. Subject to the provisions of
Section 3.2 the Company shall use its commercially reasonable efforts to prepare
and file with the Commission such amendments, including post-effective
amendments, and supplements to such Registration Statement and the prospectus
used in connection therewith as may be necessary to keep such Registration
Statement effective and in

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compliance with the provisions of the Securities Act until all Registrable
Securities and other securities covered by such Registration Statement have been
disposed of in accordance with the intended method(s) of distribution set forth
in such Registration Statement (which period shall not exceed the sum of one
hundred eighty (180) days plus any period during which any such disposition is
interfered with by any stop order or injunction of the Commission or any
governmental agency or court and any period of suspension pursuant to Section
3.2.1) or such securities have been withdrawn from such registration.

            3.1.4 Notification. After the filing of a Registration Statement,
the Company shall promptly, and in no event more than two (2) business days
after such filing, notify the Holders of Registrable Securities included in such
Registration Statement of such filing, and shall further notify such Holders
promptly and confirm such advice in writing in all events within two (2)
business days of the occurrence of any of the following: (i) when such
Registration Statement becomes effective; (ii) when any post-effective amendment
to such Registration Statement becomes effective; (iii) the issuance or
threatened issuance by the Commission of any stop order (and the Company shall
take all actions required to prevent the entry of such stop order or to remove
it if entered); and (iv) any request by the Commission for any amendment or
supplement to such Registration Statement or any prospectus relating thereto or
for additional information or of the occurrence of an event requiring the
preparation of a supplement or amendment to such prospectus so that, as
thereafter delivered to the purchasers of the securities covered by such
Registration Statement, such prospectus will not contain an untrue statement of
a material fact or omit to state any material fact required to be stated therein
or necessary to make the statements therein not misleading, and promptly make
available to the Holders of Registrable Securities included in such Registration
Statement any such supplement or amendment; except that before filing with the
Commission a Registration Statement or prospectus or any amendment or supplement
thereto, including documents incorporated by reference, the Company shall
furnish to the Holders of Registrable Securities included in such Registration
Statement and to the legal counsel for any such Holders, copies of all such
documents proposed to be filed sufficiently in advance of filing to provide such
holders and legal counsel with a reasonable opportunity to review such documents
and comment thereon, and the Company shall not file any Registration Statement
or prospectus or amendment or supplement thereto, including documents
incorporated by reference, to which such Holders or their legal counsel shall
object.

      3.1.5 State Securities Laws Compliance. The Company shall use its
commercially reasonable efforts to (i) register or qualify the Registrable
Securities covered by the Registration Statement under such securities or "blue
sky" laws of such jurisdictions in the United States as the Holders of
Registrable Securities included in such Registration Statement (in light of
their intended plan of distribution) may request and (ii) take such action
necessary to cause such Registrable Securities covered by the Registration
Statement to be registered with or approved by such other Governmental
Authorities as may be necessary by virtue of the business and operations of the
Company and do any and all other acts and things that may be necessary or
advisable to enable the Holders of Registrable Securities included in such
Registration Statement to consummate the disposition of such Registrable
Securities in such jurisdictions; provided, however, that the Company shall not
be required to qualify generally to do business in any jurisdiction where it
would not otherwise be required to qualify but for this paragraph 3.1.5 or
subject itself to taxation in any such jurisdiction.

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            3.1.6 Agreements for Disposition. The Company shall enter into
customary agreements (including, if applicable, an underwriting agreement in
customary form) and take such other actions as are reasonably required in order
to expedite or facilitate the disposition of such Registrable Securities. The
representations, warranties and covenants of the Company in any underwriting
agreement which are made to or for the benefit of any Underwriters, to the
extent applicable, shall also be made to and for the benefit of the Holders of
Registrable Securities included in such Registration Statement. No Holder of
Registrable Securities included in such Registration Statement shall be required
to make any representations or warranties in the underwriting agreement except,
if applicable, with respect to such Holder's organization, good standing,
authority, title to Registrable Securities, lack of conflict of such sale with
such Holder's material agreements and organizational documents, and with respect
to written information relating to such Holder that such Holder has furnished in
writing expressly for inclusion in such Registration Statement.

            3.1.7 Cooperation. The principal executive officer of the Company,
the principal financial officer of the Company, the principal accounting officer
of the Company and all other officers and members of the management of the
Company shall cooperate fully in any offering of Registrable Securities
hereunder, which cooperation shall include, without limitation, the preparation
of the Registration Statement with respect to such offering and all other
offering materials and related documents, and participation in meetings with
Underwriters, attorneys, accountants and potential Holders.

            3.1.8 Records. The Company shall make available for inspection by
the Holders of Registrable Securities included in such Registration Statement,
any Underwriter participating in any disposition pursuant to such Registration
Statement and any attorney, accountant or other professional retained by any
Holder of Registrable Securities included in such Registration Statement or any
Underwriter, all financial and other records, pertinent corporate documents and
properties of the Company, as shall be necessary to enable them to exercise
their due diligence responsibility, and cause the Company's officers, directors
and employees to supply all information requested by any of them in connection
with such Registration Statement.

            3.1.9 Delivery of Opinions and Other Documents. The Company shall
furnish to each the Holders participating in any of the foregoing offerings, a
signed counterpart, addressed to the participating Holders, of (i) an opinion of
counsel to the Company, dated the effective date of such Registration Statement
(and, if such registration includes an underwritten public offering, an opinion
dated the date of the closing under any underwriting agreement related thereto),
and (ii) a "cold comfort" letter dated the effective date of such Registration
Statement (and, if such registration includes an underwritten public offering, a
letter dated the date of the closing under the underwriting agreement) signed by
the independent registered public accountants who have issued a report on the
Company's financial statements included in such Registration Statement, in each
case covering substantially the same matters with respect to such Registration
Statement (and the prospectus included therein) and, in the case of such
accountants' letter, with respect to events subsequent to the date of such
financial statements, as are customarily covered in opinions of issuer's counsel
and in accountants' letters delivered to underwriters in underwritten public
offerings of securities.

            3.1.10 Earnings Statement. The Company shall comply with all
applicable rules and regulations of the Commission and the Securities Act, and
make available to its shareholders, as soon as practicable, an earnings
statement covering a period of twelve (12) months, beginning within three (3)
months after the effective date of the Registration

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Statement, which earnings statement shall satisfy the provisions of Section
11(a) of the Securities Act and Rule 158 thereunder.

            3.1.11 Listing. The Company shall use its commercially reasonable
efforts to cause all Registrable Securities included in any Registration
Statement to be listed on such exchanges or otherwise designated for trading in
the same manner as similar securities issued by the Company are then listed or
designated or, if no such similar securities are then listed or designated, in a
manner satisfactory to the Holders of a majority of the Registrable Securities
included in such registration.

      3.2 Obligation to Suspend Distribution. If after a Registration Statement
relating to the registration of Registrable Securities under Section 2 has been
declared effective ("Effective Registration Statement"), upon the good faith
determination by the Board of Directors of the Company that it is reasonably
necessary to suspend the use of such Effective Registration Statement or sales
of Registrable Securities by Holders under such Effective Registration
Statement, the Company may, upon written notice (a "Suspension Notice") to the
Holders, direct the Holders to suspend the use of or sales under such Effective
Registration Statement. Upon the occurrence of any such suspension, the Company
shall use its commercially reasonable efforts to take or cause to be taken such
action as is necessary to permit resumed use of such Effective Registration
Statement promptly following the cessation of the Suspension Event giving rise
to such suspension so as to permit the Holders to resume use of and sales under
such Effective Registration Statement as soon as practicable thereafter. Upon
cessation of the Suspension Event giving rise to such suspension, the Company
shall promptly provide the Holders with prompt written notice that the
Suspension Event has ceased (an "End of Suspension Notice"). The Holders shall
not effect any sales of the Registrable Securities pursuant to such Effective
Registration Statement at any time after it has received a Suspension Notice
from the Company and prior to receipt of an End of Suspension Notice. If so
directed by the Company in a Suspension Notice, each Holder will deliver to the
Company (at the expense of the Company) all copies, other than permanent file
copies then in such Holder's possession, of any prospectuses covering the
Registrable Securities at the time of receipt of such Suspension Notice.

      3.3 Registration Expenses. The Company shall bear all costs and expenses
incurred by the Company in connection with any Demand Registration pursuant to
Section 2.1, any Piggy-Back Registration pursuant to Section 2.2, and any
registration on Form S-3 effected pursuant to Section 2.3, and all expenses
incurred in performing or complying with its other obligations under this
Agreement, whether or not the Registration Statement becomes effective,
including, without limitation: (i) all registration and filing fees; (ii) fees
and expenses of compliance with securities or "blue sky" laws (including fees
and disbursements of counsel in connection with blue sky qualifications of the
Registrable Securities); (iii) printing expenses; (iv) the Company's internal
expenses (including, without limitation, all salaries and expenses of its
officers and employees); (v) the fees and expenses incurred in connection with
the listing of the Registrable Securities as required by Section 3.1.11; (vi)
National Association of Securities Dealers, Inc. fees; (vii) fees and
disbursements of counsel for the Company and fees and expenses for independent
certified registered public accountants retained by the Company (including the
expenses or costs associated with the delivery of any opinions or comfort
letters requested pursuant to Section 3.1.9); and (viii) the fees and expenses
of any special experts retained by the Company in connection with such
registration. The Company shall have no obligation to pay any underwriting
discounts or selling commissions attributable to the Registrable Securities
being sold by the Holders thereof, which underwriting discounts or selling
commissions shall be borne by such Holders. Additionally, in an underwritten
offering, all selling shareholders and the

                                       10
<PAGE>
Company shall bear the expenses of the underwriter pro rata in proportion to
the respective amount of shares each is selling in such offering. The Holders of
Registrable Securities shall bear all costs and expenses incurred by them in
connection with any such registration except to the extent specifically provided
in this Section 3.3.

      3.4 Information. The Holders of Registrable Securities shall provide such
information as may reasonably be requested by the Company, or the managing
Underwriter, if any, in connection with the preparation of any Registration
Statement, including amendments and supplements thereto, in order to effect the
registration of any Registrable Securities under the Securities Act pursuant to
Section 2 and in connection with the Company's obligation to comply with federal
and applicable state securities laws.

4. INDEMNIFICATION AND CONTRIBUTION.

      4.1 Indemnification by the Company. The Company agrees to indemnify and
hold harmless each Holder and each other Holder of Registrable Securities, and
each of their respective officers, employees, affiliates, directors, partners,
members, attorneys and agents, and each person, if any, who controls a Holder
and each other Holder of Registrable Securities (within the meaning of Section
15 of the Securities Act or Section 20 of the Exchange Act) (each, a "Holder
Indemnified Party"), from and against any expenses, losses, judgments, claims,
damages or liabilities, whether joint or several, arising out of or based upon
any untrue statement (or allegedly untrue statement) of a material fact
contained in any Registration Statement under which the sale of such Registrable
Securities was registered under the Securities Act, any preliminary prospectus,
final prospectus or summary prospectus contained in the Registration Statement,
or any amendment or supplement to such Registration Statement, or arising out of
or based upon any omission (or alleged omission) to state a material fact
required to be stated therein or necessary to make the statements therein not
misleading, or any violation by the Company of the Securities Act or any rule or
regulation promulgated thereunder applicable to the Company and relating to
action or inaction required of the Company in connection with any such
registration; and the Company shall promptly reimburse the Holder Indemnified
Party for any legal and any other expenses reasonably incurred by such Holder
Indemnified Party in connection with investigating and defending any such
expense, loss, judgment, claim, damage, liability or action; provided, however,
that the Company will not be liable in any such case to the extent that any such
expense, loss, claim, damage or liability arises out of or is based upon any
untrue statement or allegedly untrue statement or omission or alleged omission
made in such Registration Statement, preliminary prospectus, final prospectus,
or summary prospectus, or any such amendment or supplement, in reliance upon and
in conformity with information furnished to the Company, in writing, by such
selling Holder expressly for use therein. The Company also shall indemnify any
Underwriter of the Registrable Securities, their officers, affiliates,
directors, partners, members and agents and each person who controls such
Underwriter on substantially the same basis as that of the indemnification
provided above in this Section 4.1.

      4.2 Indemnification by Holders of Registrable Securities. Each selling
Holder of Registrable Securities will, in the event that any registration is
being effected under the Securities Act pursuant to this Agreement of any
Registrable Securities held by such selling Holder, indemnify and hold harmless
the Company, each of its directors and officers and each underwriter (if any),
and each other person, if any, who controls such selling Holder or such
underwriter within the meaning of the Securities Act, against any losses,

                                       11
<PAGE>

claims, judgments, damages or liabilities, whether joint or several, insofar as
such losses, claims, judgments, damages or liabilities (or actions in respect
thereof) arise out of or are based upon any untrue statement or allegedly untrue
statement of a material fact contained in any Registration Statement under which
the sale of such Registrable Securities was registered under the Securities Act,
any preliminary prospectus, final prospectus or summary prospectus contained in
the Registration Statement, or any amendment or supplement to the Registration
Statement, or arise out of or are based upon any omission or the alleged
omission to state a material fact required to be stated therein or necessary to
make the statement therein not misleading, if the statement or omission was made
in reliance upon and in conformity with information furnished in writing to the
Company by such selling Holder expressly for use therein, and shall reimburse
the Company, its directors and officers, and each such controlling person for
any legal or other expenses reasonably incurred by any of them in connection
with investigation or defending any such loss, claim, damage, liability or
action. Each selling Holder's indemnification obligations hereunder shall be
several and not joint and shall be limited to the amount of any net proceeds
actually received by such selling Holder.

      4.3 Conduct of Indemnification Proceedings. Promptly after receipt by any
person of any notice of any loss, claim, damage or liability or any action in
respect of which indemnity may be sought pursuant to Section 4.1 or 4.2, such
person (the "Indemnified Party") shall, if a claim in respect thereof is to be
made against any other person for indemnification hereunder, notify such other
person (the "Indemnifying Party") in writing of the loss, claim, judgment,
damage, liability or action; provided, however, that the failure by the
Indemnified Party to notify the Indemnifying Party shall not relieve the
Indemnifying Party from any liability which the Indemnifying Party may have to
such Indemnified Party hereunder, except and solely to the extent the
Indemnifying Party is actually prejudiced by such failure. If the Indemnified
Party is seeking indemnification with respect to any claim or action brought
against the Indemnified Party, then the Indemnifying Party shall be entitled to
participate in such claim or action, and, to the extent that it wishes, jointly
with all other Indemnifying Parties, to assume control of the defense thereof
with counsel satisfactory to the Indemnified Party. After notice from the
Indemnifying Party to the Indemnified Party of its election to assume control of
the defense of such claim or action, the Indemnifying Party shall not be liable
to the Indemnified Party for any legal or other expenses subsequently incurred
by the Indemnified Party in connection with the defense thereof other than
reasonable costs of investigation; provided, however, that in any action in
which both the Indemnified Party and the Indemnifying Party are named as
defendants, the Indemnified Party shall have the right to employ separate
counsel (but no more than one such separate counsel) to represent the
Indemnified Party and its controlling persons who may be subject to liability
arising out of any claim in respect of which indemnity may be sought by the
Indemnified Party against the Indemnifying Party, with the fees and expenses of
such counsel to be paid by such Indemnifying Party if, based upon the written
opinion of counsel of such Indemnified Party, representation of both parties by
the same counsel would be inappropriate due to actual or potential differing
interests between them. No Indemnifying Party shall, without the prior written
consent of the Indemnified Party, consent to entry of judgment or effect any
settlement of any claim or pending or threatened proceeding in respect of which
the Indemnified Party is or could have been a party and indemnity could have
been sought hereunder by such Indemnified Party, unless such judgment or
settlement includes an

                                       12

<PAGE>

unconditional release of such Indemnified Party from all liability arising out
of such claim or proceeding.

      4.4   Contribution.

            4.4.1 If the indemnification provided for in the foregoing Sections
4.1, 4.2 and 4.3 is unavailable to any Indemnified Party in respect of any loss,
claim, damage, liability or action referred to herein, then each such
Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall
contribute to the amount paid or payable by such Indemnified Party as a result
of such loss, claim, damage, liability or action in such proportion as is
appropriate to reflect the relative fault of the Indemnified Parties and the
Indemnifying Parties in connection with the actions or omissions which resulted
in such loss, claim, damage, liability or action, as well as any other relevant
equitable considerations. The relative fault of any Indemnified Party and any
Indemnifying Party shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information
supplied by such Indemnified Party or such Indemnifying Party and the parties'
relative intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission.

            4.4.2 The parties hereto agree that it would not be just and
equitable if contribution pursuant to this Section 4.4 were determined by pro
rata allocation or by any other method of allocation which does not take account
of the equitable considerations referred to in the immediately preceding Section
4.4.1. The amount paid or payable by an Indemnified Party as a result of any
loss, claim, damage, liability or action referred to in the immediately
preceding paragraph shall be deemed to include, subject to the limitations set
forth above, any legal or other expenses incurred by such Indemnified Party in
connection with investigating or defending any such action or claim.
Notwithstanding the provisions of this Section 4.4, no Holder of Registrable
Securities shall be required to contribute any amount in excess of the dollar
amount of the net proceeds (after payment of any underwriting fees, discounts,
commissions or taxes) actually received by such Holder from the sale of
Registrable Securities which gave rise to such contribution obligation. No
person guilty of fraudulent misrepresentation (within the meaning of Section
11(f) of the Securities Act) shall be entitled to contribution from any person
who was not guilty of such fraudulent misrepresentation.

5.    UNDERWRITING AND DISTRIBUTION.

      5.1 Rule 144. The Company covenants that it shall file all reports
required to be filed by it under the Securities Act and the Exchange Act and
shall take such further action as the Holders of Registrable Securities may
reasonably request, all to the extent required from time to time to enable such
Holders to sell Registrable Securities without registration under the Securities
Act within the limitation of the exemptions provided by Rule 144 under the
Securities Act, as such Rules may be amended or interpreted from time to time,
or any similar Rule or regulation hereafter adopted by the Commission.

                                       13

<PAGE>

6.    MISCELLANEOUS.

      6.1 Other Registration Rights. The Company represents and warrants that no
person, other than the Holders of the Registrable Securities, persons who
acquired the underwriters' unit purchase options in the Initial Public Offering
and their respective transferees, has any right to require the Company to
register any shares of the Company's capital stock for sale or to include shares
of the Company's capital stock in any registration filed by the Company for the
sale of shares of capital stock for its own account or for the account of any
other person.

      6.2 Assignment; No Third Party Beneficiaries. This Agreement and the
rights, duties and obligations of the Company hereunder may not be assigned or
delegated by the Company in whole or in part. This Agreement and the rights,
duties and obligations of the Holders of Registrable Securities hereunder may be
freely assigned or delegated by such Holder of Registrable Securities in
conjunction with and to the extent of any transfer of Registrable Securities by
any such Holder. This Agreement and the provisions hereof shall be binding upon
and shall inure to the benefit of each Holder and Transferee. This Agreement is
not intended to confer any rights or benefits on any persons that are not party
hereto other than as expressly set forth in Section 4 and this Section 6.2.

      6.3 Notices. All notices, demands, requests, consents, approvals or other
communications (collectively, "Notices") required or permitted to be given
hereunder or which are given with respect to this Agreement, other than as
expressly set forth in Section 2.1, shall be in writing and shall be personally
served, delivered by reputable air courier service with charges prepaid, or
transmitted by hand delivery, or facsimile, addressed as set forth below, or to
such other address as such party shall have specified most recently by written
notice. Notice shall be deemed given on the date of service or transmission if
personally served or transmitted by facsimile; provided, that if such service or
transmission is not on a business day or is after normal business hours, then
such notice shall be deemed given on the next business day. Notice otherwise
sent as provided herein shall be deemed given on the next business day following
timely delivery of such notice to a reputable air courier service with a
pre-paid order for next-day delivery.

            To the Company:

            Confluence Acquisition Partners I, Inc.
            12444 Powerscourt Drive
            Suite 225
            St. Louis, MO 63131
            Attn: John J. Klobnak, President

            with a copy to:

            Dilworth Paxson LLP
            1818 N Street, N.W.
            Suite 400
            Washington DC 20036
            Attn: Kathleen L. Cerveny, Esq.;

                                       14

<PAGE>

            To a Holder, to:

            The persons at the addresses set forth on Exhibit A hereto.

            with a copy to:

            Dilworth Paxson LLP                   Blank Rome LLP
            1818 N Street, N.W.                   1200 N. Federal Highway
            Suite 400                             Suite 417
            Washington DC 20036                   Boca Raton, FL  33432
            Attn: Kathleen L. Cerveny, Esq.       Attn: Bruce C. Rosetto, Esq.

      6.4 Severability. This Agreement shall be deemed severable, and the
invalidity or unenforceability of any term or provision hereof shall not affect
the validity or enforceability of this Agreement or of any other term or
provision hereof. Furthermore, in lieu of any such invalid or unenforceable term
or provision, the parties hereto intend that there shall be added as a part of
this Agreement a provision as similar in terms to such invalid or unenforceable
provision as may be possible and be valid and enforceable.

      6.5 Counterparts. This Agreement may be executed in multiple counterparts,
each of which shall be deemed an original, and all of which taken together shall
constitute one and the same instrument.

      6.6 Entire Agreement. This Agreement (including all agreements entered
into pursuant hereto and all certificates and instruments delivered pursuant
hereto and thereto) constitute the entire agreement of the parties with respect
to the subject matter hereof and supersede all prior and contemporaneous
agreements, representations, understandings, negotiations and discussions
between the parties, whether oral or written.

      6.7 Modifications and Amendments. No amendment, modification or
termination of this Agreement shall be binding upon any party unless executed in
writing by such party.

      6.8 Titles and Headings. Titles and headings of sections of this Agreement
are for convenience only and shall not affect the construction of any provision
of this Agreement.

      6.9 Waivers and Extensions. Any party to this Agreement may waive any
right, breach or default which such party has the right to waive, provided that
such waiver will not be effective against the waiving party unless it is in
writing, is signed by such party, and specifically refers to this Agreement.
Waivers may be made in advance or after the right waived has arisen or the
breach or default waived has occurred. Any waiver may be conditional. No waiver
of any breach of any agreement or provision herein contained shall be deemed a
waiver of any preceding or succeeding breach thereof nor of any other agreement
or provision herein contained. No waiver or extension of time for performance of
any obligations or acts shall be deemed a waiver or extension of the time for
performance of any other obligations or acts.

                                       15

<PAGE>

      6.10 Remedies Cumulative. In the event that the Company fails to observe
or perform any covenant or agreement to be observed or performed under this
Agreement, the Holder or any other Holder of Registrable Securities may
proceed to protect and enforce its rights by suit in equity or action at law,
whether for specific performance of any term contained in this Agreement or for
an injunction against the breach of any such term or in aid of the exercise of
any power granted in this Agreement or to enforce any other legal or equitable
right, or to take any one or more of such actions, without being required to
post a bond. None of the rights, powers or remedies conferred under this
Agreement shall be mutually exclusive, and each such right, power or remedy
shall be cumulative and in addition to any other right, power or remedy, whether
conferred by this Agreement or now or hereafter available at law, in equity, by
statute or otherwise.

      6.11 Governing Law. This Agreement shall be governed by, interpreted
under, and construed in accordance with the laws of the State of Delaware
applicable to agreements made and to be performed within the State of Delaware,
without giving effect to any choice-of-law provisions thereof that would compel
the application of the substantive laws of any other jurisdiction.

      6.12 Waiver of Trial by Jury. Each party hereby irrevocably and
unconditionally waives the right to a trial by jury in any action, suit,
counterclaim or other proceeding (whether based on contract, tort or otherwise)
arising out of, connected with or relating to this Agreement, the transactions
contemplated hereby, or the actions of the Holder in the negotiation,
administration, performance or enforcement hereof.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       16

<PAGE>

      IN WITNESS WHEREOF, the parties have caused this Registration Rights
Agreement to be executed and delivered by their duly authorized representatives
as of the date first written above.

                                   CONFLUENCE ACQUISITION PARTNERS I,
                                   INC., a Delaware corporation

                                   By: ________________________________________
                                       John J. Klobnak, Chief Executive Officer

                                   HOLDERS:

                                       ________________________________________
                                       John J. Klobnak

                                       ________________________________________
                                       B. Charles Bono Revocable Living Trust

                                       ________________________________________
                                       Robert W. May

                                       SV Life Sciences Advisers, Inc.

                                       By: ____________________________________

                                       Confluence Acquisition, LLC

                                       By: ______________________________
                                           John J. Klobnak, Manager

                                       Pequot Scout Fund, L.P.

                                       By: ____________________________________

                                       Pequot Mariner Master Fund, L.P.

                                       By: ____________________________________

                                       ________________________________________
                                       John A. Stiles

                                       17

<PAGE>

                                       ________________________________________
                                       Marc R. Sarni Revocable Trust

                                       ________________________________________
                                       Richard Lindstrom

                                       ________________________________________
                                       George Sertl

                                       ________________________________________
                                       James C. Wachtman

                                       ________________________________________
                                       David L. Gearhart

                                       ________________________________________
                                       Steven Oliveira

                                       ________________________________________
                                       James P. Delsing

                                       ________________________________________
                                       Todd Thomason

                                       ________________________________________
                                       Frank J. Bono

                                       ________________________________________
                                       Donald Strickland

                                       ________________________________________
                                       Stephen Roy

                                       ________________________________________
                                       Timothy Marlo

                                       18

<PAGE>

                                    EXHIBIT A

<TABLE>
<CAPTION>
   HOLDER                                                NUMBER OF SHARES
   ------                                                ----------------
<S>                                                      <C>
John J. Klobnak                                              325,000
229 N. Spoede Road
St. Louis, MO 63141

B. Charles Bono Revocable Living Trust                       325,000
1330 Dietrich Oaks Drive
Manchester, MO  63021

Robert W. May                                                325,000
2322 Picardy Place Drive
Chesterfield, MO 63017

SV Life Sciences Advisers, Inc.                              300,000
60 State Street, Suite 3650
Boston, MA 02109

Confluence Acq. LLC                                          225,000
229 N. Spoede Road
St. Louis, MO 63141

Pequot Scout Fund, L.P.                                      169,900
c/o Pequot Capital Mgmt.
500 Nyala Farm Road
Westport, CT 06880

Pequot Mariner Master Fund, L.P.                             105,100
c/o Pequot Capital Mgmt.
500 Nyala Farm Road
Westport, CT 06880

John A. Stiles                                                75,000
1242 Bardot Lane
St. Louis, MO 63146

Marc R. Sarni Revocable Trust                                 20,000
1032 Tidewater Peace Ct.
St. Louis, MO 63017

Richard Lindstrom                                             15,000
710 East 24th Street, Suite 106
Minneapolis, MN 55423
</TABLE>

                                       19

<PAGE>

<TABLE>
<S>                                                           <C>
George Sertl                                                  15,000
10757 Forest Path
St. Louis, MO 63128

James C. Wachtman                                             15,000
330 Oakwood
St. Louis, MO 63319

David L. Gearhart                                             15,000
1220 S. Mason Road
Town & Country, MO 63131

Steven Oliveira                                               15,000
229 N. Spoede Road
St. Louis, MO 63141

James P. Delsing                                              10,000
229 N. Spoede Road
St. Louis, MO 63141

Todd Thomasson                                                10,000
8117 University Drive
Clayton, MO 63105

Frank J. Bono                                                 10,000
14618 Oak Orchard Court
Chesterfield, MO 63017

Donald Strickland                                             10,000
4306 West Pine Blvd.
St. Louis, MO 63108

Stephen Roy                                                    7,500
2 Berkshire Drive
St. Louis, MO 63117

Timothy Marlo                                                  7,500
12444 Powerscourt Drive
Suite 225
St. Louis, MO 63131
</TABLE>

                                       20exv10w1

 

EXHIBIT 10.1

CREDIT AGREEMENT

dated as of October 14, 2005

among

EXPRESS SCRIPTS, INC.,

a Delaware corporation,

as Borrower,

THE LENDERS LISTED HEREIN,

as Lenders,

CREDIT SUISSE

and

CITIGROUP GLOBAL MARKETS INC.,

as Joint Lead Arrangers and Joint Bookrunning Managers,

CREDIT SUISSE

as Administrative Agent,

CITIGROUP GLOBAL MARKETS INC.,

as Syndication Agent,

and

BANK OF NOVA SCOTIA

CALYON NEW YORK BRANCH

DEUTSCHE BANK SECURITIES INC.

JPMORGAN CHASE BANK, N.A.

ROYAL BANK OF SCOTLAND plc

SUNTRUST

UNION BANK OF CALIFORNIA,

as Co-Documentation Agents

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	SECTION 1.

	 
	 	 	 	 
	DEFINITIONS

	 
	 	 	 	 
	1.1. Certain Defined Terms
	 	 	2	 
	1.2. Accounting Terms; Utilization of GAAP for Purposes of
Calculations Under Agreement; Pro Forma Basis for Financial
Covenant Calculations
	 	 	23	 
	1.3. Other Definitional Provisions and Rules of Construction
	 	 	24	 
	 
	 	 	 	 
	SECTION 2.

	 
	 	 	 	 
	AMOUNTS AND TERMS OF COMMITMENTS AND LOANS

	 
	 	 	 	 
	2.1. Commitments; Making of Loans; the Register; Notes
	 	 	24	 
	2.2. Interest on the Loans
	 	 	31	 
	2.3. Fees
	 	 	36	 
	2.4. Repayments, Prepayments and Reductions in Revolving Loan Commitments;
General Provisions Regarding Payments
	 	 	37	 
	2.5. Use of Proceeds
	 	 	42	 
	2.6. Special Provisions Governing Eurodollar Rate Loans
	 	 	42	 
	2.7. Increased Costs; Taxes; Capital Adequacy
	 	 	45	 
	2.8. Obligation of Lenders and Issuing Lenders to Mitigate; Replacement
	 	 	49	 
	 
	 	 	 	 
	SECTION 3.

	 
	 	 	 	 
	LETTERS OF CREDIT

	 
	 	 	 	 
	3.1. Issuance of Letters of Credit and Lenders’ Purchase of Participations Therein
	 	 	51	 
	3.2. Letter of Credit Fees
	 	 	53	 
	3.3. Drawings and Reimbursement of Amounts Paid Under Letters of Credit
	 	 	54	 
	3.4. Obligations Absolute
	 	 	57	 
	3.5. Indemnification; Nature of Issuing Lenders’ Duties
	 	 	58	 
	3.6. Increased Costs and Taxes Relating to Letters of Credit
	 	 	59	 
	 
	 	 	 	 
	SECTION 4.

	 
	 	 	 	 
	CONDITIONS TO LOANS AND LETTERS OF CREDIT

	 
	 	 	 	 
	4.1. Conditions to Term Loans and Initial
Revolving Loans and Swing Line Loans
and Letters of Credit
	 	 	60	 
	4.2. Conditions to All Loans
	 	 	63	 

-i-

 

	 	 	 	 	 
	 	 	Page	 
	4.3. Conditions to Letters of Credit
	 	 	64	 
	 
	 	 	 	 
	SECTION 5.

	 
	 	 	 	 
	COMPANY’S REPRESENTATIONS AND WARRANTIES

	 
	 	 	 	 
	5.1. Organization, Powers, Qualification, Good Standing, Business and Subsidiaries
	 	 	65	 
	5.2. Authorization of Borrowing, Etc.
	 	 	65	 
	5.3. Financial Condition
	 	 	66	 
	5.4. No Material Adverse Change
	 	 	67	 
	5.5. Title to Properties; Liens
	 	 	67	 
	5.6. Litigation; Adverse Facts
	 	 	67	 
	5.7. Payment of Taxes
	 	 	67	 
	5.8. Performance of Agreements
	 	 	68	 
	5.9. Governmental Regulation
	 	 	68	 
	5.10. Securities Activities
	 	 	68	 
	5.11. Employee Benefit Plans
	 	 	68	 
	5.12. Environmental Protection
	 	 	69	 
	5.13. Employee Matters
	 	 	69	 
	5.14. Solvency
	 	 	69	 
	5.15. Disclosure
	 	 	69	 
	 
	 	 	 	 
	SECTION 6.

	 
	 	 	 	 
	COMPANY’S AFFIRMATIVE COVENANTS

	 
	 	 	 	 
	6.1. Financial Statements and Other Reports
	 	 	70	 
	6.2. Existence, Etc.
	 	 	73	 
	6.3. Payment of Taxes and Claims; Tax Consolidation
	 	 	74	 
	6.4. Maintenance of Properties; Insurance
	 	 	74	 
	6.5. Inspection Rights
	 	 	74	 
	6.6. Compliance With Laws, Etc.
	 	 	75	 
	6.7. Environmental Claims and Violations of Environmental Laws
	 	 	75	 
	6.8. Execution of Subsidiary Guaranty by Certain Subsidiaries and Future Subsidiaries
	 	 	75	 
	6.9. Separateness
	 	 	76	 
	 
	 	 	 	 
	SECTION 7.

	 
	 	 	 	 
	COMPANY’S NEGATIVE COVENANTS

	 
	 	 	 	 
	7.1. Indebtedness
	 	 	76	 
	7.2. Prohibition on Liens
	 	 	76	 
	7.3. Restricted Junior Payments
	 	 	78	 
	7.4. Financial Covenants
	 	 	78	 

-ii-

 

	 	 	 	 	 
	 	 	Page	 
	7.5. Restriction on Fundamental Changes; Asset Sales and Acquisitions
	 	 	78	 
	7.6. Fiscal Year
	 	 	79	 
	7.7. Sales and Leasebacks
	 	 	80	 
	7.8. Sale or Discount of Receivables
	 	 	80	 
	7.9. Transactions With Shareholders and Affiliates
	 	 	80	 
	7.10. Conduct of Business
	 	 	80	 
	 
	 	 	 	 
	SECTION 8.

	 
	 	 	 	 
	EVENTS OF DEFAULT

	 
	 	 	 	 
	8.1. Failure to Make Payments When Due
	 	 	81	 
	8.2. Default in Other Agreements
	 	 	81	 
	8.3. Breach of Certain Covenants
	 	 	81	 
	8.4. Breach of Warranty
	 	 	81	 
	8.5. Other Defaults Under Loan Documents
	 	 	82	 
	8.6. Involuntary Bankruptcy; Appointment of Receiver, Etc.
	 	 	82	 
	8.7. Voluntary Bankruptcy; Appointment of Receiver, Etc.
	 	 	82	 
	8.8. Judgments and Attachments
	 	 	83	 
	8.9. Dissolution
	 	 	83	 
	8.10. Employee Benefit Plans
	 	 	83	 
	8.11. Change in Control
	 	 	83	 
	8.12. Invalidity of Subsidiary Guaranty; Repudiation of Obligations
	 	 	83	 
	 
	 	 	 	 
	SECTION 9.

	 
	 	 	 	 
	AGENTS

	 
	 	 	 	 
	9.1. Appointment
	 	 	85	 
	9.2. Powers and Duties; General Immunity
	 	 	85	 
	9.3. Representations and Warranties; No
Responsibility for Appraisal of
Creditworthiness
	 	 	87	 
	9.4. Right to Indemnity
	 	 	87	 
	9.5. Successor Agent and Swing Line Lender
	 	 	88	 
	9.6. Guarantees
	 	 	88	 
	 
	 	 	 	 
	SECTION 10.

	 
	 	 	 	 
	MISCELLANEOUS

	 
	 	 	 	 
	10.1. Assignments and Participations in Loans and Letters of Credit
	 	 	89	 
	10.2. Expenses
	 	 	92	 
	10.3. Indemnity
	 	 	93	 
	10.4. Set-Off
	 	 	94	 
	10.5. Ratable Sharing
	 	 	94	 
	10.6. Amendments and Waivers
	 	 	95	 

-iii-

 

	 	 	 	 	 
	 	 	Page	 
	10.7. Independence of Covenants
	 	 	97	 
	10.8. Notices
	 	 	97	 
	10.9. Survival of Representations, Warranties and Agreements
	 	 	98	 
	10.10. Failure or Indulgence Not Waiver; Remedies Cumulative
	 	 	98	 
	10.11. Marshalling; Payments Set Aside
	 	 	98	 
	10.12. Severability
	 	 	99	 
	10.13. Obligations Several; Independent Nature of Lenders’ Rights
	 	 	99	 
	10.14. Headings
	 	 	99	 
	10.15. Applicable Law
	 	 	99	 
	10.16. Successors and Assigns
	 	 	99	 
	10.17. CONSENT TO JURISDICTION AND SERVICE OF PROCESS
	 	 	100	 
	10.18. WAIVER OF JURY TRIAL
	 	 	100	 
	10.19. Confidentiality
	 	 	101	 
	10.20. Counterparts; Effectiveness
	 	 	102	 
	10.21. USA Patriot Act
	 	 	102	 
	SIGNATURES
	 	 	S-1	 

	 	 	 
	Schedule 2.1

	 	Term Loan and Revolving Commitments
	Schedule 3.1B

	 	Existing Letters of Credit
	Schedule 5.1

	 	Subsidiaries
	Schedule 5.6

	 	Litigation
	Schedule 7.2

	 	Liens
	Exhibit I

	 	Form of Notice of Borrowing
	Exhibit II

	 	Form of Notice of Continuation/Conversion
	Exhibit III

	 	Form of Request to Issue Letter of Credit
	Exhibit IV

	 	Form of Term Note
	Exhibit V

	 	Form of Revolving Note
	Exhibit VI

	 	Form of Swing Line Note
	Exhibit VII

	 	Form of Compliance Certificate
	Exhibit VIII-A

	 	Form of Opinion of Thomas Boudreau, Esq., General
Counsel of the Company
	Exhibit VIII-B

	 	Form of Opinion of Simpson Thacher & Bartlett LLP,
special New York counsel for Loan Parties
	Exhibit VIII-C

	 	Form of Opinion of Drinker Biddle & Reath LLP, special
New Jersey and Pennsylvania counsel for Loan Parties
	Exhibit VIII-D

	 	Form of Opinion of Baker & Hostetler LLP, special
Florida counsel for Loan Parties
	Exhibit VIII-E

	 	Form of Opinion of Barnes & Thornburg LLP, special
Indiana counsel for Loan Parties
	Exhibit IX

	 	Form of Opinion of Cahill Gordon & Reindel
llp, counsel to Administrative Agent
	Exhibit X

	 	Form of Assignment Agreement
	Exhibit XI

	 	Form of Certificate Re Non-Bank Status
	Exhibit XII

	 	Form of Subsidiary Guaranty

-iv-

 

EXPRESS SCRIPTS, INC.

CREDIT AGREEMENT

          This CREDIT AGREEMENT is dated as of October 14, 2005 and entered into by and among EXPRESS
SCRIPTS, INC., a Delaware corporation (“Company”), THE FINANCIAL INSTITUTIONS LISTED ON THE
SIGNATURE PAGES HEREOF (each individually referred to herein as a “Lender” and collectively
as “Lenders”), CREDIT SUISSE, a bank organized under the laws of Switzerland, acting
through its Cayman Islands Branch (“Credit Suisse”), and CITIGROUP GLOBAL MARKETS INC.,
acting through its New York branch (“CGMI”), as joint lead arrangers and joint bookrunning
managers (in such capacity, the “Joint Lead Arrangers”), CREDIT SUISSE, as administrative
agent (in such capacity, the “Administrative Agent”), CGMI, as syndication agent (in such
capacity, the “Syndication Agent”), and BANK OF NOVA SCOTIA, CALYON NEW YORK BRANCH,
DEUTSCHE BANK SECURITIES INC., JPMORGAN CHASE BANK, N.A., ROYAL BANK OF SCOTLAND plc, SUNTRUST and
UNION BANK OF CALIFORNIA, as co-documentation agents (in such capacity, the “Co-Documentation
Agents”).

R E C I T A L S

          WHEREAS, Company desires that Lenders extend credit in the form of (a) Term Loans on the
Closing Date in an aggregate principal amount of $1,600,000,000 and (b) Revolving Loans at any time
and from time to time prior to the Revolving Credit Maturity Date in an aggregate principal amount
at any time outstanding not in excess of $600,000,000;

          WHEREAS, the proceeds of the Term Loans and Revolving Loans made on the Closing Date are to be
used (i) to acquire Priority Healthcare Corporation, an Indiana corporation (“Priority”),
by means of a merger by Priority with and into Pony, with Priority as the survivor; (ii) to repay
(the “Priority Refinancing”) outstanding indebtedness of Priority in connection with the
Priority Acquisition; (iii) to repay (the “Company Refinancing” and, together with the
Priority Refinancing, the “Refinancing”) all amounts outstanding under Company’s existing
Credit Agreement dated as of February 13, 2004 (as amended, supplemented or otherwise modified from
time to time prior to the date hereof, the “Existing Credit Agreement”); (iv) to pay fees
and expenses related to the Transactions; and (v) for working capital and general corporate
purposes; and

          WHEREAS, all of the Domestic Subsidiaries of Company, excluding the Exempt Subsidiaries, have
agreed to guarantee the Obligations hereunder and under the other Loan Documents.

          NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants
herein contained, Company, Lenders and Agents agree as follows:

 

 

-2-

SECTION 1.

DEFINITIONS

          1.1. Certain Defined Terms

          The following terms used in this Agreement shall have the following meanings:

          “Account” means any account (as that term is defined in Section 9-102(a)(2) of the
UCC) arising from the sale or lease of goods or rendering of services.

          “Adjusted Eurodollar Rate” means, with respect to any Eurodollar Rate Loans for any
Interest Period, an interest rate per annum equal to the product of (a) the Eurodollar Rate in
effect for such Interest Period and (b) Statutory Reserves.

          “Administrative Agent” has the meaning assigned to that term in the preamble to this
Agreement.

          “Affected Lender” has the meaning assigned to that term in subsection 2.6C.

          “Affiliate”, as applied to any Person, means any other Person directly or indirectly
controlling, controlled by, or under common control with, that Person. For the purposes of this
definition, “control” (including, with correlative meanings, the terms “controlling”, “controlled
by” and “under common control with”), as applied to any Person, means the possession, directly or
indirectly, of the power to direct or cause the direction of the management and policies of that
Person, whether through the ownership of voting securities or by contract or otherwise.

          “Agents” means, collectively, the Administrative Agent, the Syndication Agent, the
Joint Lead Arrangers and also any successor Agents appointed pursuant to subsection 9.5A.

          “Agreement” means this Credit Agreement dated as of October 14, 2005, as it may be
amended, supplemented or otherwise modified from time to time.

          “Alternate Base Rate” means, at any time, the higher of (i) the Prime Rate or (ii) the
rate which is 1/2 of 1% in excess of the Federal Funds Effective Rate.

          “Alternate Base Rate Loans” means Loans bearing interest at rates determined by
reference to the Alternate Base Rate as provided in subsection 2.2A.

          “Approved Fund” means, with respect to any Lender that is a fund that invests in bank
loans, any other fund that invests in bank loans and is managed by the same investment advisor as
such Lender or by an Affiliate of such investment advisor.

          “Asset Sale” means the sale by Company or any of its Subsidiaries to any Person other
than Company or any of its Wholly Owned Subsidiaries of (i) a majority of the voting

 

 

-3-

stock of any of Company’s Subsidiaries, (ii) substantially all of the assets of any division
or line of business of Company or any of its Subsidiaries or (iii) any other assets (whether
tangible or intangible) of Company or any of its Subsidiaries (other than (a) inventory sold in the
ordinary course of business, (b) NPA Real Estate sold in one or more transactions the aggregate
amount of the proceeds of which is equal to or less than $33.0 million and (c) any such other
assets to the extent that the aggregate value of such assets sold in any single transaction or
related series of transactions is equal to $10,000,000 or less); provided, that, with respect to
any sale that would be otherwise deemed an Asset Sale pursuant to the foregoing, if Company shall
deliver an Officers’ Certificate to Administrative Agent at or prior to receipt of proceeds of such
sale setting forth Company’s intent to use such proceeds to replace the assets that are the subject
of such sale with Plant Assets necessary or desirable for the conduct of its business, or to
exchange Plant Assets for other Plant Assets used in the conduct of its business, or to purchase at
least a majority of the stock of a company or companies engaged in a business which is similar, or
related or ancillary, to any of the businesses in which the Company or any of its Subsidiaries is
engaged within 365 days of such receipt and no Event of Default or Potential Event of Default shall
have occurred and shall be continuing at such time, such sale shall not be deemed to constitute an
Asset Sale, except to the extent such Plant Assets or proceeds thereof are not so used within such
365-day period, after which time such sale, to such extent, shall be deemed an Asset Sale.

          “Assignment Agreement” means an Assignment Agreement in substantially the form of
Exhibit X annexed hereto.

          “Attributable Debt” in respect of a Sale and Leaseback Transaction means, as at the
time of determination, the present value (discounted at the rate of interest implicit in such
transaction, determined in accordance with GAAP) of the obligations of the lessee for net rental
payments during the remaining term of the lease included in such Sale and Leaseback Transaction
(including any period for which such lease has been extended or may, at the option of the lessor,
be extended).

          “Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy”, as
now and hereafter in effect, or any successor statute.

          “Borrowing” means a borrowing consisting of simultaneous Loans of the same Type and
Class made, converted or continued on the same date and, in the case of Eurodollar Rate Loans,
having the same Interest Period.

          “Business Day” means any day excluding Saturday, Sunday and any day which is a legal
holiday under the laws of the State of New York or the State of Missouri, or is a day on which
banking institutions located in either such jurisdiction are authorized or required by law or other
governmental action to close.

          “Capital Lease”, as applied to any Person, means any lease of any property (whether
real, personal or mixed) by that Person as lessee that, in conformity with GAAP, is accounted for
as a capital lease on the balance sheet of that Person.

 

 

-4-

          “Certificate Re Non-Bank Status” means a certificate substantially in the form of
Exhibit XI annexed hereto delivered by a Lender to Administrative Agent pursuant to
subsection 2.7B(iii).

          “CGMI” has the meaning assignment to such term in the preamble to this Agreement.

          “Class,” when used in reference to any Loan or Borrowing, refers to whether such Loan,
or the Loans comprising such Borrowing, are Revolving Loans, Term Loans or Swing Line Loans and,
when used in reference to any Commitment, refers to whether such Commitment is a Revolving
Commitment or Term Loan Commitment.

          “Closing Date” means the date on which the initial Loans are made.

          “Co-Documentation Agents” has the meaning assigned to that term in the preamble to
this Agreement.

          “Commitments” means the commitments of Lenders to make Loans as set forth in
subsection 2.1A.

          “Company” has the meaning assigned to that term in the preamble to this Agreement.

          “Company Refinancing” has the meaning assigned to that term in the preamble to this
Agreement.

          “Compliance Certificate” means a certificate substantially in the form of Exhibit
VII annexed hereto delivered to Administrative Agent and Lenders by Company pursuant to
subsection 6.1(iii).

          “Consolidated EBITDA” means, for any period, the sum of the amounts for such period of
(i) Consolidated Net Income, (ii) Consolidated Interest Expense, (iii) provisions for taxes based
on income, (iv) total depreciation expense, (v) total amortization expense, (vi) the aggregate
amount of all non-cash compensation charges incurred during such period arising from the grant of
or the issuance of stock, stock options or other equity awards and (vii) other non-cash items
incurred in the ordinary course of business reducing Consolidated Net Income not in excess of 10%
of Consolidated Net Worth, less other non-cash items increasing Consolidated Net Income, all of the
foregoing as determined on a consolidated basis for Company and its Subsidiaries in conformity with
GAAP, subject to subsection 1.2B.

          “Consolidated Interest Expense” means for any period, total interest expense
(including that portion attributable to Capital Leases in accordance with GAAP and capitalized
interest) of Company and its Subsidiaries on a consolidated basis in accordance with GAAP with
respect to all outstanding Indebtedness of Company and its Subsidiaries, and in any event including

 

 

-5-

all commissions, discounts and other fees and charges owed with respect to letters of
credit and bankers acceptance financing and net costs under Interest Rate Agreements plus in the
event of the consummation of a Qualified Receivables Transaction, an amount equal to the interest
(or other fees in the nature of interest or discount accrued and paid or payable in cash for such
period) on such Qualified Receivables Transaction, but excluding, however, any amounts referred to
in subsection 2.3 actually paid to Administrative Agent and Lenders on or before the date of
determination. For the purposes of determining Consolidated Interest Expense for the purpose of
determining compliance with the financial covenant in subsection 7.4A, Consolidated Interest
Expense shall exclude write-off of issuance costs relating to the Existing Credit Agreement.

          “Consolidated Leverage Ratio” means the ratio of (i) Consolidated Total Debt as of the
last day of any Fiscal Quarter to (ii) Consolidated EBITDA for the four-Fiscal Quarter period
ending as of such day, subject to subsection 1.2B.

          “Consolidated Net Income” means, for any period, the net income (or loss) of Company
and its Subsidiaries on a consolidated basis for such period taken as a single accounting period
determined in conformity with GAAP; provided that there shall be excluded (i) the income (or loss)
of any Person (other than a Subsidiary of Company) in which any other Person (other than Company or
any of its Subsidiaries) has a joint interest, except to the extent of the amount of dividends or
other distributions actually paid to Company or any of its Subsidiaries by such Person during such
period, (ii) the income of any Subsidiary of Company to the extent that the declaration or payment
of dividends or similar distributions by that Subsidiary of that income is not at the time
permitted by operation of the terms of its charter or any agreement, instrument, judgment, decree,
order, statute, rule or governmental regulation applicable to that Subsidiary, (iii) any after-tax
gains or losses attributable to Asset Sales or returned surplus assets of any Pension Plan, and
(iv) integration costs and expenses (including, without limitation, severance and shut-down costs)
in connection with the Priority Acquisition that includes Fiscal Quarters ending on or prior to
December 31, 2007 of up to an aggregate of $10 million.

          “Consolidated Net Worth” means, as at any date of determination, the sum of the
capital stock and additional paid-in capital plus retained earnings (or minus accumulated deficits)
of Company and its Subsidiaries on a consolidated basis determined in conformity with GAAP.

          “Consolidated Total Debt” means, as at any date of determination, the aggregate stated
balance sheet amount of all Indebtedness of Company and its Subsidiaries, determined on a
consolidated basis in accordance with GAAP, excluding, to the extent included therein, the face
amount of any Letters of Credit issued under this Agreement except to the extent of any
unreimbursed drawings thereunder.

          “Contingent Obligation”, as applied to any Person, means any direct or indirect
contingent liability of that Person (i) with respect to any Indebtedness, lease, dividend or other
obligation of another if the primary purpose or intent thereof by the Person incurring the
Contingent Obligation is to provide assurance to the obligee of such obligation of another that
such obligation of another will be paid or discharged, or that any agreements relating thereto will
be

 

 

-6-

complied with, or that the holders of such obligation will be protected (in whole or in part)
against loss in respect thereof, (ii) with respect to any letter of credit issued for the account
of that Person or as to which that Person is otherwise liable for reimbursement of drawings or
(iii) under Hedge Agreements. Contingent Obligations shall include (a) the direct or indirect
guaranty, endorsement (otherwise than for collection or deposit in the ordinary course of
business), co-making, discounting with recourse or sale with recourse by such Person of the
obligation of another, (b) the obligation to make take-or-pay or similar payments if required
regardless of non-performance by any other party or parties to an agreement, and (c) any liability
of such Person for the obligation of another through any agreement (X) to purchase, repurchase or
otherwise acquire such obligation or any security therefor, or to provide funds for the payment or
discharge of such obligation (whether in the form of loans, advances, stock purchases, capital
contributions or otherwise) or (Y) to maintain the solvency or any balance sheet item, level of
income or financial condition of another if, in the case of any agreement described under subclause
(X) or (Y) of this sentence, the primary purpose or intent thereof is as described in clause (i) of
the preceding sentence. The amount of any Contingent Obligation shall be equal to the amount of
the obligation so guaranteed or otherwise supported or, if less, the amount to which such
Contingent Obligation is specifically limited.

          “Contractual Obligation”, as applied to any Person, means any Security issued by that
Person or any material indenture, mortgage, deed of trust, contract, undertaking, agreement or
other instrument to which that Person is a party or by which it or any of its properties is bound
or to which it or any of its properties is subject.

          “Credit Suisse” has the meaning assigned to such term in the preamble to this
Agreement.

          “Currency Agreement” means any foreign exchange contract, currency swap agreement,
futures contract, option contract, synthetic cap or other similar agreement or arrangement to which
Company or any of its Subsidiaries is a party.

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

          “Domestic Subsidiary” means any Subsidiary of the Company organized under the laws of
any jurisdiction within the United States of America.

          “Eligible Assignee” means (A) (i) a commercial bank organized under the laws of the
United States or any state thereof; (ii) a savings and loan association or savings bank organized
under the laws of the United States or any state thereof; (iii) a commercial bank organized under
the laws of any other country or a political subdivision thereof; provided that (x) such bank is
acting through a branch or agency located in the United States or (y) such bank is organized under
the laws of a country that is a member of the Organization for Economic Cooperation and Development
or a political subdivision of such country; and (iv) any other entity which is an “accredited
investor” (as defined in Regulation D under the Securities Act) which extends credit or buys loans
as one of its businesses including insurance companies, funds and lease financing

 

 

-7-

companies; and (B) any Lender and any Affiliate or Approved Fund of any Lender or an SPV;
provided that no Affiliate of Company shall be an Eligible Assignee.

          “Employee Benefit Plan” means any “employee benefit plan” as defined in Section 3(3)
of ERISA which is or was maintained or contributed to by Company or any of its Subsidiaries or for
which Company or any of its Subsidiaries could have any liability by reason of its relationship
with an ERISA Affiliate.

          “Environmental Claim” means any investigation, notice, notice of violation, claim,
action, suit, proceeding, demand, abatement order or other order or directive (conditional or
otherwise), in each case in writing, by any governmental authority or any other Person, arising (i)
pursuant to or in connection with any actual or alleged violation of any Environmental Law, (ii) in
connection with any Hazardous Materials, or (iii) in connection with any actual or alleged damage,
injury, threat or harm to health or safety, as relating to the environment, natural resources or
the environment.

          “Environmental Laws” means any and all current or future statutes, ordinances, orders,
rules, regulations, judgments, Governmental Authorizations, or any other binding requirements of
governmental authorities relating to (i) environmental matters, (ii) any activity, event or
occurrence involving Hazardous Materials, or (iii) occupational safety and health, industrial
hygiene, land use or, as relating to the environment, the protection of human, plant or animal
health or welfare, in any manner applicable to Company or any of its Subsidiaries or any Facility,
including the Comprehensive Environmental Response, Compensation, and Liability Act (42 U.S.C. §
9601 et seq.), the Hazardous Materials Transportation Act (49 U.S.C. § 1801 et seq.), the Resource
Conservation and Recovery Act (42 U.S.C. § 6901 et seq.), the Federal Water Pollution Control Act
(33 U.S.C. § 1251 et seq.), the Clean Air Act (42 U.S.C. § 7401 et seq.), the Toxic Substances
Control Act (15 U.S.C. § 2601 et seq.), the Federal Insecticide, Fungicide and Rodenticide Act (7
U.S.C. § 136 et seq.), the Occupational Safety and Health Act (29 U.S.C. § 651 et seq.), the Oil
Pollution Act (33 U.S.C. § 2701 et seq.) and the Emergency Planning and Community
Right-to-Know Act (42 U.S.C. § 11001 et seq.), each as amended or supplemented, any analogous
present or future state or local statutes or laws, and any regulations promulgated pursuant to any
of the foregoing.

          “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from
time to time, and any successor thereto.

          “ERISA Affiliate” means, as applied to any Person, (i) any corporation which is a
member of a controlled group of corporations within the meaning of section 414(b) of the Internal
Revenue Code of which that Person is a member; (ii) any trade or business (whether or not
incorporated) which is a member of a group of trades or businesses under common control within the
meaning of Section 414(c) of the Internal Revenue Code of which that Person is a member; and (iii)
any member of an affiliated service group within the meaning of Section 414(m) or (o) of the
Internal Revenue Code of which that Person, any corporation described in clause (i) above or any
trade or business described in clause (ii) above is a member.

 

 

-8-

          “ERISA Event” means (i) a “reportable event” within the meaning of Section 4043 of
ERISA and the regulations issued thereunder with respect to any Pension Plan (excluding those for
which the provision for 30-day notice to the PBGC has been waived by regulation); (ii) the failure
to meet the minimum funding standard of Section 412 of the Internal Revenue Code with respect to
any Pension Plan (whether or not waived in accordance with Section 412(d) of the Internal Revenue
Code) or the failure to make by its due date a required installment under Section 412(m) of the
Internal Revenue Code with respect to any Pension Plan or the failure to make by its due date any
required contribution to a Multiemployer Plan; (iii) the provision by the administrator of any
Pension Plan pursuant to Section 4041(a)(2) of ERISA of a notice of intent to terminate such plan
in a distress termination described in Section 4041(c) of ERISA; (iv) the withdrawal by Company,
any of its Subsidiaries or any of their respective ERISA Affiliates from any Pension Plan with two
or more contributing sponsors or the termination of any such Pension Plan, in either case resulting
in liability pursuant to Section 4063 or 4064 of ERISA; (v) the institution by the PBGC of
proceedings to terminate any Pension Plan, or the occurrence of any event or condition which would
constitute grounds under ERISA for the termination of, or the appointment of a trustee to
administer, any Pension Plan; (vi) the imposition of liability on Company, any of its Subsidiaries
or any of their respective ERISA Affiliates pursuant to Section 4062(e) or 4069 of ERISA or by
reason of the application of Section 4212(c) of ERISA; (vii) the withdrawal of Company, any of its
Subsidiaries or any of their respective ERISA Affiliates in a complete or partial withdrawal
(within the meaning of Sections 4203 and 4205 of ERISA) from any Multiemployer Plan that results in
liability to any of them therefor, or the receipt by Company, any of its Subsidiaries or any of
their respective ERISA Affiliates of notice from any Multiemployer Plan that it is in
reorganization or insolvency pursuant to Section 4241 or 4245 of ERISA, or that it definitively
intends to terminate or has terminated under Section 4041A or 4042 of ERISA; (viii) receipt from
the Internal Revenue Service of a final determination or definitive notice of the failure of any
Pension Plan (or any other Employee Benefit Plan intended to be qualified under Section 401(a) of
the Internal Revenue Code) to qualify under Section 401(a) of the Internal Revenue Code, or of the
failure of any trust forming part of any Pension Plan to qualify for exemption from taxation under
Section 501(a) of the Internal Revenue Code; or (ix) the imposition of a Lien pursuant to Section
401(a)(29) or 412(n) of the Internal Revenue Code or pursuant to ERISA with respect to any Pension
Plan, provided that such imposition is not otherwise a “reportable event.”

          “Eurodollar Business Day” means any day (i) excluding Saturday, Sunday and any day
that is a legal holiday under the laws of the State of New York or is a day on which banking
institutions located in such State are authorized or required by law, or other governmental action
to close and (ii) on which commercial banks are open for international business (including dealings
in Dollar deposits) in London.

          “Eurodollar Rate” shall mean, with respect to any Borrowing of Eurodollar Rate Loans
for any Interest Period, the rate per annum determined by Administrative Agent at approximately
11:00 a.m., London time, on the date which is two Eurodollar Business Days prior to the beginning
of such Interest Period by reference to the British Bankers’ Association Interest

 

 

-9-

Settlement Rates for deposits in Dollars (as set forth by any service selected by
Administrative Agent which has been nominated by the British Bankers’ Association as an authorized
information vendor for the purpose of displaying rates) for a period equal to such Interest Period,
provided that, to the extent that an interest rate is not ascertainable pursuant to the foregoing
provisions of this definition, the “Eurodollar Rate” shall be the interest rate per annum
determined by Administrative Agent equal to the average of rates per annum at which deposits in
Dollars are offered for such Interest Period to the Administrative Agent by three leading banks in
the London interbank market in London, England at approximately 11:00 a.m., London time, on the
date which is two Eurodollar Business Days prior to the beginning of such Interest Period.

          “Eurodollar Rate Loans” means Loans bearing interest at rates determined by reference
to the Adjusted Eurodollar Rate as provided in subsection 2.2A.

          “Eurodollar Rate Margin” has the meaning specified in subsection 2.2A.

          “Event of Default” means each of the events set forth in Section 8.

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

          “Exempt Subsidiaries” means, collectively, any Subsidiaries of the Company designated
by the Company as “Exempt Subsidiaries” in writing to the Administrative Agent from time to time;
provided, that the Company may not designate any Subsidiary as an Exempt Subsidiary if, at the time
of such proposed designation and both before and immediately after giving effect thereto, the total
assets of the Exempt Subsidiaries are equal to or greater than 30% of the Company’s consolidated
total assets on such date.

          “Existing Credit Agreement” has the meaning assigned to that term in the recitals to
this Agreement.

          “Facility” means any and all real property (including all buildings, fixtures or other
improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by
Company or any of its Subsidiaries or any of their respective predecessors or Affiliates.

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

          “Fiscal Quarter” means a fiscal quarter of any Fiscal Year.

 

 

-10-

          “Fiscal Year” means the fiscal year of Company and its Subsidiaries ending on December
31 of each calendar year.

          “Funding and Payment Office” means (i) the office of Administrative Agent and Swing
Line Lender located at Eleven Madison Avenue, New York, New York 10010 or (ii) such other office of
Administrative Agent and Swing Line Lender as may from time to time hereafter be designated as such
in a written notice delivered by Administrative Agent and Swing Line Lender to Company and each
Lender.

          “Funding Date” means the date of the funding of a Loan.

          “GAAP” means, subject to the limitations on the application thereof set forth in
subsection 1.2, generally accepted accounting principles set forth in opinions and pronouncements
of the Accounting Principles Board of the American Institute of Certified Public Accountants and
statements and pronouncements of the Financial Accounting Standards Board or in such other
statements by such other entity as may be approved by a significant segment of the accounting
profession, in each case as the same are applicable to the circumstances as of the date of
determination, provided that, if Company notifies Administrative Agent that Company requests an
amendment to any provision hereof to eliminate the effect of any change occurring after the date
hereof in GAAP or in the application thereof on the operation of such provision (or if
Administrative Agent requests an amendment to any provision hereof for such purpose), regardless of
whether any such notice is given before or after such change in GAAP or in the application thereof,
then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately
before such change shall have become effective until the earliest of (i) the withdrawal of such
notice or (ii) the amendment of such provision in accordance herewith.

          “Governmental Authorization” means any permit, license, authorization, plan,
directive, consent order or consent decree of or from any federal, state or local governmental
authority, agency or court.

          “Granting Lender” has the meaning given such term in subsection 10.1E.

          “Hazardous Materials” means (i) any chemical, material or substance at any time
defined as or included in the definition of “hazardous substances”, “hazardous wastes”, “hazardous
materials”, “extremely hazardous waste”, “acutely hazardous waste”, “radioactive waste”,
“biohazardous waste”, “pollutant”, “toxic pollutant”, “contaminant”, “restricted hazardous waste”,
“infectious waste”, “toxic substances”, or any other term or expression intended to define, list or
classify substances by reason of properties harmful to health, safety or the indoor or outdoor
environment (including harmful properties such as ignitability, corrosivity, reactivity,
carcinogenicity, toxicity, reproductive toxicity, “TCLP toxicity” or “EP toxicity” or words of
similar import under any applicable Environmental Laws); (ii) any oil, petroleum, petroleum
fraction or petroleum derived substance; (iii) any drilling fluids, produced waters and other
wastes associated with the exploration, development or production of crude oil, natural gas or
geothermal resources; (iv) any flammable substances or explosives; (v) any radioactive materials;

 

 

-11-

(vi) any friable asbestos-containing materials; (vii) urea formaldehyde foam insulation;
(viii) electrical equipment which contains any oil or dielectric fluid containing polychlorinated
biphenyls; (ix) pesticides; and (x) any other chemical, material or substance, exposure to which is
prohibited, limited or regulated by any governmental authority pursuant to Environmental Laws.

          “Hedge Agreement” means an Interest Rate Agreement or a Currency Agreement designed to
hedge against fluctuations in interest rates or currency values, respectively.

          “Holdings” has the meaning given such term in subsection 7.5.

          “Holdings Guarantee” has the meaning given such term in subsection 7.5.

          “Indebtedness”, as applied to any Person, means (i) all indebtedness for borrowed
money, (ii) that portion of obligations with respect to Capital Leases that is properly classified
as a liability on a balance sheet in conformity with GAAP, (iii) notes payable and drafts accepted
representing extensions of credit whether or not representing obligations for borrowed money, (iv)
any obligation owed for all or any part of the deferred purchase price of property or services
(excluding any such obligations incurred under ERISA), which purchase price is (a) due more than
six months from the date of incurrence of the obligation in respect thereof or (b) evidenced by a
note or similar written instrument, and (v) all indebtedness of the types described in clauses (i)
through (iv) of this definition secured by any Lien on any property or asset owned or held by that
Person regardless of whether the indebtedness secured thereby shall have been assumed by that
Person or is nonrecourse to the credit of that Person. Obligations under Interest Rate Agreements
and Currency Agreements constitute (X) in the case of Hedge Agreements, Contingent Obligations, and
(Y) in all other cases, Investments, and in neither case constitute Indebtedness.

          “Indemnity” has the meaning assigned to that term in subsection 10.3.

          “Initial Period” means the period commencing on and including the Closing Date and
ending on the earlier of (i) the date on which the Lead Arranger notifies Company that the Agents
have concluded their primary syndication of the Loans and the Commitments and (ii) ninety (90) days
after the Closing Date.

          “Insurance Subsidiary” means each Subsidiary of the Company that engages primarily in
insurance-related activities that are connected with the business of the Company or one or more of
its Subsidiaries (including in connection with the Medicare Part D prescription drug benefit
program) and identified in writing by the Company to the Administrative Agent as an “Insurance
Subsidiary”.

          “Interest Payment Date” means (i) with respect to any Alternate Base Rate Loan, each
January 15, April 15, July 15 and October 15 of each year, commencing on January 15, 2006, and (ii)
with respect to any Eurodollar Rate Loan, the last day of each Interest Period applicable to such Loan; provided that in the case of each Interest Period of longer than three

 

 

-12-

months, “Interest Payment Date” shall also include each date that is three months, or an integral
multiple thereof, after the commencement of such Interest Period.

          “Interest Period” has the meaning assigned to that term in subsection 2.2B.

          “Interest Rate Agreement” means any interest rate swap agreement, interest rate cap
agreement, interest rate collar agreement or other similar agreement or arrangement to which
Company or any of its Subsidiaries is a party.

          “Interest Rate Determination Date” means, with respect to any Interest Period, the
second Eurodollar Business Day prior to the first day of such Interest Period.

          “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended to the
date hereof and from time to time hereafter, and any successor statute.

          “Investment” means (i) any direct or indirect purchase or other acquisition by Company
or any of its Subsidiaries of, or of a beneficial interest in, any Securities of any other Person
(other than a Person that immediately prior to such purchase or acquisition was a Subsidiary of
Company and so long as such Person remains a Subsidiary of Company), (ii) any direct or indirect
loan, advance (other than advances to employees for moving, entertainment and travel expenses,
drawing accounts and similar expenditures in the ordinary course of business) or capital
contribution by Company or any of its Subsidiaries to any other Person (other than the Company or a
Subsidiary of Company), including all indebtedness and accounts receivable from that other Person
that are not current assets or did not arise from sales to that other Person in the ordinary course
of business, or (iii) Interest Rate Agreements or Currency Agreements not constituting Hedge
Agreements. The amount of any Investment shall be the original cost of such Investment plus the
cost of all additions thereto, without any adjustments for increases or decreases in value, or
write-ups, write-downs or write-offs with respect to such Investment.

          “Investment Grade” means that Company (i) has a senior implied rating from S&P of any
of the rating categories from and including AAA to and including BBB- (with a stable or positive
outlook) and (ii) has a corporate credit rating from Moody’s of any of the rating categories from
and including Aaa1 to and including Baa3 (with a stable or positive outlook).

          “Issuing Lender” means, with respect to any Letter of Credit, subject to subsection
3.1, any Lender having a Revolving Loan Commitment selected by Company and reasonably acceptable to
Administrative Agent, which other Lender has agreed in its sole discretion to act as issuer of the
applicable Letter of Credit; with respect to any Letter of Credit, the term “Issuing
Lender” shall mean the Issuing Lender with respect to such Letter of Credit.

          “Lender” and “Lenders” means the persons identified as “Lenders” and listed on
the signature pages of this Agreement, together with their successors and permitted assigns
pursuant to subsection 10.1, and the term “Lenders” shall include Swing Line Lender unless the

 

 

-13-

context otherwise requires; provided that the term “Lenders”, when used in the context of a
particular Commitment, shall mean Lenders having that Commitment.

          “Letter of Credit” or “Letters of Credit” means any Letter of Credit issued or
to be issued by an Issuing Lender for the account of Company pursuant to subsection 3.1.

          “Letter of Credit Usage” means, as at any date of determination, the sum of (i) the
maximum aggregate amount which is or at any time thereafter may become available for drawing under
all Letters of Credit then outstanding plus (ii) the aggregate amount of all drawings under Letters
of Credit honored by Issuing Lenders and not theretofore reimbursed by Company (including, without
duplication, any such reimbursement out of the proceeds of Revolving Loans pursuant to subsection
3.3B).

          “Lien” means any lien, mortgage, pledge, assignment, security interest, charge or
encumbrance of any kind (including any conditional sale or other title retention agreement, any
lease in the nature thereof, and any agreement to give any security interest) and any option, trust
or other preferential arrangement having the practical effect of any of the foregoing.

          “Loan” or “Loans” means one or more of the Term Loans, Revolving Loans or
Swing Line Loans or any combination thereof.

          “Loan Documents” means this Agreement, the Notes, the Letters of Credit (and any
applications for, or reimbursement agreements or other documents or certificates executed by
Company in favor of an Issuing Lender relating to, the Letters of Credit), the Subsidiary
Guaranties, the Holdings Guarantee, if applicable, and any Hedge Agreements to which a Lender is a
counterparty.

          “Loan Party” means each of Company and any of Company’s Subsidiaries from time to time
executing a Loan Document, and “Loan Parties” means all such Persons, collectively.

          “Majority Facility Lenders” means (i) with respect to the Term Loans, Lenders having
or holding more than 50% of the aggregate Term Loan Exposure of all Lenders and (ii) with respect
to the Revolving Loans, Lenders having or holding more than 50% of the aggregate Revolving Loan
Exposure of all Lenders.

          “Margin Stock” has the meaning assigned to that term in Regulation U of the Board of
Governors of the Federal Reserve System as in effect from time to time.

          “Material Adverse Effect” means (i) a material adverse effect upon the business,
assets, financial position, operations, or results of operations of Company and its Subsidiaries
taken as a whole or (ii) the material impairment of the ability of any Loan Party to perform, or of
Administrative Agent or Lenders to enforce, the Obligations.

 

 

-14-

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

          “Multiemployer Plan” means any Employee Benefit Plan which is a “multiemployer plan”
as defined in Section 3(37) of ERISA.

          “New York Life” means NYLIFE HealthCare Management, Inc., an indirect subsidiary of
New York Life Insurance Co., a mutual life insurance company organized and existing under the laws
of the State of New York.

          “Non-US Lender” has the meaning assigned to that term in subsection 2.7B(iii)(a).

          “Notes” means one or more of the Term Notes, Revolving Notes or Swing Line Note or any
combination thereof.

          “Notice of Borrowing” means a notice substantially in the form of Exhibit I
annexed hereto delivered by Company to Administrative Agent pursuant to subsection 2.1B with
respect to a proposed borrowing.

          “Notice of Conversion/Continuation” means a notice substantially in the form of
Exhibit II annexed hereto delivered by Company to Administrative Agent pursuant to
subsection 2.2D with respect to a proposed conversion or continuation of the applicable basis for
determining the interest rate with respect to the Loans specified therein.

          “Notice of Request to Issue Letter of Credit” means a notice substantially in the form
of Exhibit III annexed hereto delivered by Company to the Issuing Lender and Administrative
Agent pursuant to subsection 3.1B(i) with respect to the proposed issuance of a Letter of Credit.

          “NPA Real Estate” means National Prescription Administrators, Inc.’s mail pharmacy
facility located in Harrisburg, Pennsylvania.

          “Obligations” means all obligations, including obligations under Interest Rate
Agreements and Currency Agreements, of every nature of each Loan Party from time to time owed to
the Agents, Lenders and affiliates of any Agent or Lender or any of them under the Loan Documents, whether for principal, interest
(including any interest accruing after the filing of any petition in bankruptcy or the commencement
of any insolvency, reorganization or like proceeding relating to Company, whether or not a claim
for post-filing or post-petition is allowed in such proceedings), reimbursement of amounts drawn
under Letters of Credit, fees, expenses, indemnification or otherwise, whether direct or indirect,
absolute or contingent, liquidated or unliquidated, now existing or hereafter arising hereunder or
thereunder and all obligations incurred in connection with collecting and enforcing the foregoing,
together with all renewals, extensions, modifications or refinancings thereof.

 

 

-15-

          “Officers’ Certificate” means, as applied to any Loan Party, a certificate executed on
behalf of such Loan Party by two of the following: its chairman of the board (if an officer),
chief executive officer, president, one of its vice presidents, chief financial officer, treasurer,
assistant treasurer, controller or chief accounting officer.

          “Operating Lease” means, as applied to any Person, any lease (including leases that
may be terminated by the lessee at any time) of any property (whether real, personal or mixed) that
is not a Capital Lease other than any such lease under which that Person is the lessor.

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

          “Pension Plan” means any Employee Benefit Plan, other than a Multiemployer Plan, which
is subject to Section 412 of the Internal Revenue Code or Section 302 of ERISA.

          “Permitted Encumbrances” means the following types of Liens (excluding any such Lien
imposed pursuant to Section 401(a)(29) or 412(n) of the Internal Revenue Code or by ERISA):

     (i) Liens for taxes, assessments or governmental charges or claims the payment of which
is not, at the time, required by subsection 6.3;

     (ii) statutory Liens of landlords, statutory Liens of banks and rights of set-off,
statutory Liens of carriers, warehousemen, mechanics, repairmen, workmen and materialmen,
and other Liens imposed by law, in each case incurred in the ordinary course of business (a)
for amounts not yet overdue or (b) for amounts that are overdue and that (in the case of any
such amounts overdue for a period in excess of 30 days) are being contested in good faith by
appropriate proceedings, so long as such reserves or other appropriate provisions, if any,
as shall be required by GAAP shall have been made for any such contested amounts;

     (iii) Liens incurred or deposits made in the ordinary course of business in connection
with workers’ compensation, unemployment insurance and other types of social security, or to
secure the performance of tenders, statutory obligations, surety and appeal bonds, bids,
leases, government contracts, trade contracts, performance and return-of-money bonds and
other similar obligations (exclusive of obligations for the payment of borrowed money);

     (iv) any attachment or judgment Lien not constituting an Event of Default under
subsection 8.8;

     (v) leases or subleases granted to third parties not interfering in any material
respect with the ordinary conduct of the business of Company or any of its Subsidiaries;

 

 

 -16-

     (vi) easements, rights-of-way, restrictions, encroachments, and other minor defects or
irregularities in title, in each case which do not and will not interfere in any material
respect with the ordinary conduct of the business of Company or any of its Subsidiaries;

     (vii) any (a) interest or title of a lessor or sublessor under any lease permitted by
this Agreement, (b) restriction or encumbrance that the interest or title of such lessor or
sublessor may be subject to, or (c) subordination of the interest of the lessee or sublessee
under such lease to any restriction or encumbrance referred to in the preceding clause (b),
so long as the holder of such restriction or encumbrance agrees to recognize the rights of
such lessee or sublessee under such lease;

     (viii) Liens arising from filing UCC financing statements relating solely to leases
permitted by this Agreement;

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

     (x) any zoning or similar law or right reserved to or vested in any governmental office
or agency to control or regulate the use of any real property;

     (xi) Liens securing obligations (other than obligations representing Indebtedness for
borrowed money) under operating, reciprocal easement or similar agreements entered into in
the ordinary course of business of Company and its Subsidiaries;

     (xii) licenses of patents, trademarks and other intellectual property rights granted by
Company or any of its Subsidiaries in the ordinary course of business and not interfering in
any material respect with the ordinary conduct of the business of Company or such
Subsidiary;

     (xiii) Liens imposed by Environmental Laws to the extent not in violation of any of the
representations, warranties or covenants in respect of Environmental Laws made by Company in
this Agreement; and

     (xiv) Liens on Receivables Assets created pursuant to Permitted Receivables
Transactions.

          “Permitted Receivables Transaction” means one or more Qualified Receivables
Transactions that in the aggregate at any one time transfer rights to receive proceeds of
Receivables Assets not in excess of $450,000,000.

          “Person” means and includes natural persons, corporations, limited partnerships,
general partnerships, limited liability companies, limited liability partnerships, joint stock
companies, joint ventures, associations, companies, trusts, banks, trust companies, land trusts,
business

 

 

 -17-

 trusts or other organizations, whether or not legal entities, and governments (whether
federal, state or local, domestic or foreign, and including political subdivisions thereof) and
agencies or other administrative or regulatory bodies thereof.

          “Plant Assets” means assets that would be included in “property, plant and equipment”
reflected in the consolidated balance sheet of Company and its Subsidiaries.

          “Pony” means Pony Acquisition Corporation, an Indiana corporation and a Wholly Owned
Subsidiary of the Company.

          “Potential Event of Default” means a condition or event that, after notice or lapse of
time or both, would constitute an Event of Default.

          “Prime Rate” means the rate that Credit Suisse announces from time to time as its
prime lending rate, as in effect from time to time. The Prime Rate is a reference rate and does
not necessarily represent the lowest or best rate actually charged to any customer. Credit Suisse
or any other Lender may make commercial loans or other loans at rates of interest at, above or
below the Prime Rate.

          “Priority” has the meaning assigned to such term in the preamble to this Agreement.

          “Priority Acquisition” means, collectively, the acquisition by Company of all the
equity interests of Priority, pursuant to the Priority Merger Agreement.

          “Priority Merger Agreement” means the Agreement and Plan of Merger dated July 21, 2005
among the Company, Pony and Priority, as amended, supplemented or modified from time to time in
accordance with the terms hereof.

          “Priority Refinancing” has the meaning assigned to that term in the recitals to this
Agreement.

          “Pro Rata Share” means (i) with respect to all payments, computations and other
matters relating to any Term Loan Commitment or any Term Loan of any Lender, the percentage
obtained by dividing (x) the Term Loan Exposure of that Lender by (y) the aggregate Term Loan
Exposure of all Lenders, (ii) with respect to all payments, computations and other matters relating
to the Revolving Loan Commitment or the Revolving Loans of any Lender or any Letters of Credit
issued or participations therein purchased by any Lender or any participations in any Swing Line
Loans purchased by any Lender, the percentage obtained by dividing (x) the Revolving Loan Exposure
of that Lender by (y) the aggregate Revolving Loan Exposure of all Lenders, and (iii) for all other
purposes with respect to each Lender, the percentage obtained by dividing (x) the sum of the Term
Loan Exposure of that Lender plus the Revolving Loan Exposure of that Lender by (y) the sum of the
aggregate Term Loan Exposure of all Lenders plus the aggregate Revolving Loan Exposure of all
Lenders, in any such case as the applicable percentage may be

 

 

 -18-

adjusted by assignments permitted pursuant to subsection 10.1. The initial Pro Rata Share of
each Lender for purposes of each of clauses (i), (ii) and (iii) of the preceding sentence is set
forth opposite the name of that Lender in Schedule 2.1 annexed hereto.

          “Qualified Receivables Transaction” means any transaction or series of transactions
that may be entered into by Company or any Subsidiary thereof pursuant to which Company or any of
its Subsidiaries may sell, convey or otherwise transfer to:

     (a) a Receivables Entity (in the case of a transfer by Company or any of its
Subsidiaries); or

     (b) any other Person (in the case of a transfer by a Receivables Entity),

or pursuant to which Company, any of its Subsidiaries or a Receivables Entity may grant a security
interest in, Receivables Assets; provided that:

     (1) the Board of Directors of Company, its Subsidiary or such Receivables Entity, as
the case may be, shall have determined in good faith that such Qualified Receivables
Transaction is economically fair and reasonable to Company, such Subsidiary or such
Receivables Entity, as the case may be; and

     (2) the financing terms, covenants, termination events and other provisions thereof,
including any amendments or modifications thereof, shall be market terms (as determined in
good faith by the Board of Directors of Company).

          “Receivables Assets” means any Accounts (whether now existing or arising in the
future) of Company or any of its Subsidiaries and any assets related thereto which are customarily
transferred, or in respect of which security interests are customarily granted, in connection with
asset securitization transactions involving Accounts.

          “Receivables Entity” means a Wholly Owned Subsidiary of Company (or another Person
formed for the purpose of engaging in a Qualified Receivables Transaction with Company or any of
its Subsidiaries in which Company or any or its Subsidiaries makes an Investment and to which
Company or any of its Subsidiaries transfers Accounts and related assets) which engages in no
activities other than in connection with the purchase, sale or financing of Accounts of Company or
any of its Subsidiaries, all proceeds thereof and all rights (contractual or other), collateral and
other assets relating thereto, and any business or activities incidental or related to such
business.

          “Refinancing” has the meaning assigned to that term in the recitals to this Agreement.

          “Refunded Swing Line Loans” has the meaning assigned to that term in subsection
2.1A(iii).

 

 

 -19-

          “Register” has the meaning assigned to that term in subsection 2.1D.

          “Regulation D” means Regulation D of the Board of Governors of the Federal Reserve
System, as in effect from time to time.

          “Reimbursement Date” has the meaning assigned to that term in subsection 3.3B.

          “Replaced Lender” and “Replacement Lender” have the meanings assigned to those
terms in subsection 2.8.

          “Requisite Lenders” means Lenders having or holding more than 50% of the sum of (i)
the aggregate Term Loan Exposure of all Lenders plus (ii) the aggregate Revolving Loan Exposure of
all Lenders.

          “Restricted Junior Payment” means (i) any dividend or other distribution, direct or
indirect, on account of any shares of any class of stock of Company now or hereafter outstanding,
except a dividend payable solely in shares of that class of stock to the holders of that class,
(ii) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for
value, direct or indirect, of any shares of any class of stock of Company now or hereafter
outstanding, (iii) any payment made to retire, or to obtain the surrender of, any outstanding
warrants, options or other rights to acquire shares of any class of stock of Company now or
hereafter outstanding, and (iv) any payment or prepayment of principal of, premium, if any, or
interest on, or redemption, purchase, retirement, defeasance (including in-substance or legal
defeasance), sinking fund or similar payment with respect to, any Subordinated Indebtedness.

          “Revolving Lender” means a Lender having a Revolving Loan Commitment.

          “Revolving Loan Commitment” means the commitment of a Lender to make Revolving Loans
to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such
commitments of all Lenders in the aggregate.

          “Revolving Loan Commitment Termination Date” means October 14, 2010.

          “Revolving Loan Exposure” means, with respect to any Lender as of any date of
determination (i) prior to the termination of the Revolving Loan Commitments, that Lender’s
Revolving Loan Commitment and (ii) after the termination of the Revolving Loan Commitments, the sum
of (a) the aggregate outstanding principal amount of the Revolving Loans of that Lender plus (b) in
the event that Lender is an Issuing Lender and without duplication from amounts counted under (a)
above, the aggregate Letter of Credit Usage in respect of all Letters of Credit issued by that
Lender (in each case net of any participations purchased by other Lenders in such Letters of Credit
or any unreimbursed drawings thereunder) plus (c) the aggregate amount of all participations
purchased by that Lender in any outstanding Letters of Credit or any unreimbursed drawings under
any Letters of Credit without duplication from amounts counted under (a) above plus (d) in the case
of Swing Line Lender, the aggregate outstanding principal

 

 

 -20-

amount of all Swing Line Loans (net of any participations therein purchased by other Lenders)
plus (e) the aggregate amount of all participations purchased by that Lender in any outstanding
Swing Line Loans without duplication from amounts counted under (a) above.

          “Revolving Loans” means the Loans made by Lenders to Company pursuant to subsection
2.1A(ii).

          “Revolving Notes” means (i) the promissory notes of Company issued pursuant to
subsection 2.1E(ii) on the Closing Date and (ii) any promissory notes issued by Company pursuant to
the last sentence of subsection 10.1B(i) in connection with assignments of the Revolving Loan
Commitments and Revolving Loans of any Lenders, in each case substantially in the form of
Exhibit V annexed hereto, as they may be amended, supplemented or otherwise modified from
time to time.

          “Sale and Leaseback Transaction” shall have the meaning given to such term in
subsection 7.7.

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

          “Securities” means any stock, shares, partnership interests, voting trust
certificates, certificates of interest or participation in any profit-sharing agreement or
arrangement, options, warrants, bonds, debentures, notes, or other evidences of indebtedness,
secured or unsecured, convertible, subordinated or otherwise, or in general any instruments
commonly known as “securities” or any certificates of interest, shares or participations in
temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to,
purchase or acquire, any of the foregoing.

          “Securities Act” means the Securities Act of 1933, as amended from time to time, and
any successor statute.

          “Solvent” means, with respect to any Person, that as of the date of determination (i)
the then fair saleable value of the property of such Person, including without limitation any
rights of subrogation and contribution, is (y) greater than the total amount of liabilities
(including contingent liabilities) of such Person and (z) not less than the amount that will be
required to pay the probable liabilities on such Person’s then existing debts as they become
absolute and matured considering all financing alternatives and potential asset sales reasonably
available to such Person; (ii) such Person’s capital is not unreasonably small in relation to its
business or any contemplated or undertaken transaction; and (iii) such Person does not intend to
incur, or believe (nor should it reasonably believe) that it will incur, debts beyond its ability
to pay such debts as they become due. For purposes of this definition, the amount of any
contingent liability at any time shall be computed as the amount that, in light of all of the facts
and circumstances existing at such time, represents the amount that can reasonably be expected to
become an actual or matured liability.

 

 

 -21-

          “SPV” has the meaning given such term in subsection 10.1E.

          “Statutory Reserves” shall mean a fraction (expressed as a decimal), the numerator of
which is the number one and the denominator of which is the number one minus the aggregate of the
maximum reserve percentages (including any marginal, special, emergency or supplemental reserves)
expressed as a decimal established by the Board for Eurocurrency Liabilities (as defined in
Regulation D of the Board). Such reserve percentages shall include those imposed pursuant to such
Regulation D. Eurodollar Rate Loans shall be deemed to constitute Eurocurrency Liabilities and to
be subject to such reserve requirements without benefit of or credit for proration, exemptions or
offsets that may be available from time to time to any Lender under such Regulation D. Statutory
Reserves shall be adjusted automatically on and as of the effective date of any change in any
reserve percentage.

          “Subordinated Indebtedness” means Indebtedness of Company subordinated or junior in
right of payment to the Obligations pursuant to a written agreement to that effect.

          “Subsidiary” means, with respect to any Person, any corporation, partnership, limited
liability company, association, joint venture or other business entity of which more than 50% of
the total voting power of shares of stock or other ownership interests entitled (without regard to
the occurrence of any contingency) to vote in the election of the Person or Persons (whether
directors, managers, trustees or other Persons performing similar functions) having the power to
direct or cause the direction of the management and policies thereof is at the time owned or
controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that
Person or a combination thereof.

          “Subsidiary Guarantor” means any Domestic Subsidiary of Company that executes and
delivers a counterpart of the Subsidiary Guaranty on the Closing Date or from time to time
thereafter pursuant to subsection 6.8, but in any event excluding the Exempt Subsidiaries.

          “Subsidiary Guaranty” means the Subsidiary Guaranty executed and delivered by existing
Domestic Subsidiaries of Company on the Closing Date (other than Exempt Subsidiaries) and to be
executed and delivered by additional Domestic Subsidiaries of Company from time to time thereafter
in accordance with subsection 6.8, substantially in the form of Exhibit XII annexed hereto,
as such Subsidiary Guaranty may hereafter be amended, supplemented or otherwise modified from time
to time.

          “Swing Line Lender” means Credit Suisse or any Person serving as a successor Agent
hereunder, in its capacity as Swing Line Lender hereunder.

          “Swing Line Loan Commitment” means the commitment of Swing Line Lender to make Swing
Line Loans to Company pursuant to subsection 2.1A(iii).

          “Swing Line Loans” means the Loans made by Swing Line Lender to Company pursuant to
subsection 2.1A(iii).

 

 

 -22-

          “Swing Line Note” means (i) the promissory note of Company issued pursuant to
subsection 2.1E(iii) on the Closing Date and (ii) any promissory note issued by Company to any
successor Administrative Agent and Swing Line Lender pursuant to the last sentence of subsection
9.5B, in each case substantially in the form of Exhibit VI annexed hereto, as it may be
amended, supplemented or otherwise modified from time to time.

          “Syndication Agent” has the meaning assigned to that term in the preamble to this
Agreement.

          “Tax” or “Taxes” means any present or future tax, levy, impost, duty, charge,
fee, deduction or withholding of any nature and whatever called, by whomsoever, on whomsoever and
wherever imposed, levied, collected, withheld or assessed; provided that “Tax on the Overall
Net Income” of a Person shall be construed as a reference to a tax imposed by one of: the
jurisdiction in which that Person is organized or in which that Person’s principal office (and, in
the case of a Lender, its lending office) is located or in which that Person (and, in the case of a
Lender, its lending office) is deemed to be doing business on all or part of the net income,
profits or gains (whether worldwide, or only insofar as such income, profits or gains are
considered to arise in or to relate to a particular jurisdiction, or otherwise) of that Person
(and, in the case of a Lender, its lending office).

          “Term Borrowing” shall mean a Borrowing comprised of Term Loans.

          “Term Lender” means a Lender having a Term Loan Commitment, or who has made a Term
Loan, and any assignee of such Lender pursuant to subsection 10.1.

          “Term Loan Commitment” shall mean the commitment of a Lender to make a Term Loan as
set forth on Schedule 2.1, as the same may be (a) reduced from time to time pursuant to
subsection 2.4 and (b) reduced or increased from time to time pursuant to assignments by or to such
Lender pursuant to subsection 10.1.

          “Term Loan Exposure” means, with respect to any Lender as of any date of determination
(i) prior to the funding of the Term Loans, that Lender’s Term Loan Commitment and (ii) after the
funding of the Term Loans, the outstanding principal amount of the Term Loan of that Lender.

          “Term Loan Maturity Date” shall mean October 14, 2010.

          “Term Loans” shall mean the term loans made by Lenders to Company pursuant to
subsection 2.1(A)(i).

          “Term Notes” means (i) the promissory notes of Company issued pursuant to subsection
2.1E(i) on the Closing Date with respect to the Term Loans and (ii) any promissory notes issued by
Company pursuant to the last sentence of subsection 10.1B(i) in connection with assignments of the
Term Loan Commitments or Term Loans of any Lenders, in each case substantially

 

 

 -23-

in the form of Exhibit IV annexed hereto, as they may be amended, supplemented
or otherwise modified from time to time.

          “Total Utilization of Revolving Loan Commitments” means, as at any date of
determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans
plus (ii) the aggregate principal amount of all
outstanding Swing Line Loans plus (iii) without
duplication of amounts counted under clause (i) or (ii) of this sentence, the Letter of Credit
Usage.

          “Transactions” means the Priority Acquisition and the Refinancing.

          “Type” means, with respect to any Loan, whether such Loan is a Term Loan or a
Revolving Loan.

          “UCC” means the Uniform Commercial Code (or any similar or equivalent legislation) as
in effect in any applicable jurisdiction.

          “Wholly Owned Subsidiary” shall mean a Subsidiary of which securities (except for
directors’ qualifying shares) or other ownership interests representing 100% of the equity or 100%
of the ordinary voting power or 100% of the general partnership interests are, at the time any
determination is being made, owned, controlled or held, directly or indirectly, by Company or one
or more Wholly Owned Subsidiaries.

          1.2. Accounting Terms; Utilization of GAAP for
Purposes of Calculations Under Agreement; Pro Forma Basis for
Financial Covenant Calculations

          A. Except as otherwise expressly provided in this Agreement, all accounting terms not
otherwise defined herein shall have the meanings assigned to them in conformity with GAAP.
Financial statements and other information required to be delivered by Company to Lenders pursuant
to clauses (i) and (ii) of subsection 6.1 shall be prepared in accordance with GAAP as in effect at
the time of such preparation (and delivered together with the reconciliation statements provided
for in subsection 6.1(iv)).

          B. For the purposes of determining the Consolidated Leverage Ratio for the purpose of
subsections 2.2A and 2.3A and determining compliance with the financial covenants in subsection
7.4, in each case for any four fiscal quarter period during which any acquisition by Company or one
of its Subsidiaries of the capital stock or assets of another Person has occurred (including the
Priority Acquisition), the Consolidated Leverage Ratio and such other financial covenants shall be
calculated on a pro forma basis as if such acquisition had occurred as of the first day of such
period.

 

 

 -24-

          1.3. Other Definitional Provisions and Rules of
Construction

          Any of the terms defined herein may, unless the context otherwise requires, be used in the
singular or the plural, depending on the reference.

     (i) References to “Sections,” “subsections,” “Schedules” and “Exhibits” shall be to
Sections, subsections, Schedules and Exhibits, respectively, of this Agreement unless
otherwise specifically provided.

     (ii) The use in any of the Loan Documents of the word “include” or “including”, when
following any general statement, term or matter, shall not be construed to limit such
statement, term or matter to the specific items or matters set forth immediately following
such word or to similar items or matters, whether or not nonlimiting language (such as
“without limitation” or “but not limited to” or words of similar import) is used with
reference thereto, but rather shall be deemed to refer to all other items or matters that
fall within the broadest possible scope of such general statement, term or matter.

     (iii) Any reference herein to any Person shall be construed to include such Person’s
successors and permitted assigns.

     (iv) Unless otherwise specified herein or the context otherwise requires, all
Transactions are deemed to occur immediately prior to funding on the Closing Date.

SECTION 2.

AMOUNTS AND TERMS OF COMMITMENTS AND LOANS

          2.1. Commitments; Making of Loans; the Register;
Notes

          A. Commitments. Subject to the terms and conditions of this Agreement and in reliance
upon the representations and warranties of Company herein set forth, each Term Lender hereby
severally agrees to make the Term Loans described in subsection 2.1A(i), each Revolving Lender
hereby severally agrees to make the Revolving Loans described in subsection 2.1A(ii), and Swing
Line Lender hereby agrees to make the Loans described in subsection 2.1A(iii).

     (i) Term Loans. Each Term Lender severally agrees to lend to Company on the
Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Term
Loan Commitments, to be used for the purposes identified in subsection 2.5A. The amount of
each Term Lender’s Term Loan Commitment is set forth opposite its name on Schedule
2.1(a) annexed hereto. Each Lender’s Term Loan Commitment shall expire immediately and
without further action on October 14, 2005 if the Term Loans are

 

 

 -25-

not made on or before that date. Company may make only one borrowing under the Term
Loan Commitments. Amounts borrowed under this subsection 2.1A(i) and subsequently repaid or
prepaid may not be reborrowed.

     (ii) Revolving Loans. Each Revolving Lender severally agrees, subject to the
limitations set forth below with respect to the maximum amount of Revolving Loans permitted
to be outstanding from time to time, to lend to Company from time to time during the period
from the Closing Date to but excluding the Revolving Loan Commitment Termination Date an
aggregate amount not exceeding its Pro Rata Share of the aggregate amount of the Revolving
Loan Commitments to be used for the purposes identified in subsection 2.5B. The original
amount of each Revolving Lender’s Revolving Loan Commitment is set forth opposite its name
on Schedule 2.1(b) annexed hereto and the aggregate original amount of the Revolving
Loan Commitments is $600,000,000; provided that the Revolving Loan Commitments of Revolving
Lenders shall be adjusted to give effect to any applicable assignments of the Revolving Loan
Commitments pursuant to subsection 10.1B; and provided, further, that the amount of the
Revolving Loan Commitments shall be reduced from time to time by the amount of any
reductions thereto made pursuant to subsections 2.4B(ii). Each Revolving Lender’s Revolving
Loan Commitment shall expire on the Revolving Loan Commitment Termination Date and all
Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and
the Revolving Loan Commitments shall be paid in full no later than that date; provided that
each Revolving Lender’s Revolving Loan Commitment shall expire immediately and without
further action on October 14, 2005 if the Term Loans are not made on or before that date.
Amounts borrowed under this subsection 2.1A(ii) may be repaid and reborrowed to but
excluding the Revolving Loan Commitment Termination Date.

     Anything contained in this Agreement to the contrary notwithstanding, the Revolving
Loans and the Revolving Loan Commitments shall be subject to the limitation that in no event
shall the Total Utilization of Revolving Loan Commitments at any time exceed the Revolving
Loan Commitments then in effect.

     (iii) Swing Line Loans. Swing Line Lender hereby agrees, subject to the
limitations set forth below with respect to the maximum amount of Swing Line Loans permitted
to be outstanding from time to time, to make a portion of the Revolving Loan Commitments
available to Company from time to time during the period from the Closing Date to but
excluding the Revolving Loan Commitment Termination Date by making Swing Line Loans to
Company in an aggregate amount not exceeding the amount of the Swing Line Loan Commitment to
be used for the purposes identified in subsection 2.5B, notwithstanding the fact that such
Swing Line Loans, when aggregated with Swing Line Lender’s outstanding Revolving Loans and
Swing Line Lender’s Pro Rata Share of the Letter of Credit Usage then in effect, may exceed
Swing Line Lender’s Revolving Loan Commitment. The original amount of the Swing Line Loan
Commitment is $125,000,000; provided that any reduction of the Revolving Loan Commitments
made

 

 

 -26-

pursuant to subsection 2.4B(ii) which reduces the aggregate Revolving Loan Commitments
to an amount less than the then current amount of the Swing Line Loan Commitment shall
result in an automatic corresponding reduction of the Swing Line Loan Commitment to the
amount of the Revolving Loan Commitments, as so reduced, without any further action on the
part of Company, Administrative Agent or Swing Line Lender. The Swing Line Loan Commitment
shall expire on the Revolving Loan Commitment Termination Date and all Swing Line Loans and
all other amounts owed hereunder with respect to the Swing Line Loans shall be paid in full
no later than that date; provided that the Swing Line Loan Commitment shall expire
immediately and without further action on October 14, 2005 if the Term Loans are not made on
or before that date. Amounts borrowed under this subsection 2.1A(iii) may be repaid and
reborrowed to but excluding the Revolving Loan Commitment Termination Date.

     Anything contained in this Agreement to the contrary notwithstanding, the Swing Line
Loans and the Swing Line Loan Commitment shall be subject to the limitation that in no event
shall the Total Utilization of Revolving Loan Commitments at any time exceed the Revolving
Loan Commitments then in effect.

          With respect to any Swing Line Loans which have not been voluntarily prepaid by Company
pursuant to subsection 2.4B(i), Swing Line Lender may, at any time in its sole and absolute
discretion, deliver to Administrative Agent (with a copy to Company), no later than 12:00 Noon (New
York City time) at least one Business Day prior to the proposed Funding Date, a notice (which shall
be deemed to be a Notice of Borrowing given by Company) requesting Revolving Lenders to make
Revolving Loans that are Alternate Base Rate Loans on such Funding Date in an amount equal to the
amount of such Swing Line Loans (the “Refunded Swing Line Loans”) outstanding on the date
such notice is given which Swing Line Lender requests Revolving Lenders to prepay. Anything
contained in this Agreement to the contrary notwithstanding, (i) the proceeds of such Revolving
Loans made by Revolving Lenders other than Swing Line Lender shall be immediately delivered by
Administrative Agent to Swing Line Lender (and not to Company) and applied to repay a corresponding
portion of the Refunded Swing Line Loans and (ii) on the day such Revolving Loans are made, Swing
Line Lender’s Pro Rata Share of the Refunded Swing Line Loans shall be deemed to be paid with the
proceeds of a Revolving Loan made by Swing Line Lender, and such portion of the Swing Line Loans
deemed to be so paid shall no longer be outstanding as Swing Line Loans and shall no longer be due
under the Swing Line Note of Swing Line Lender but shall instead constitute part of Swing Line
Lender’s outstanding Revolving Loans and shall be due under the Revolving Note of Swing Line
Lender. Company hereby authorizes Administrative Agent and Swing Line Lender to charge Company’s
accounts with Administrative Agent and Swing Line Lender (up to the amount available in each such
account) in order to immediately pay Swing Line Lender the amount of the Refunded Swing Line Loans
to the extent the proceeds of such Revolving Loans made by Revolving Lenders, including the
Revolving Loan deemed to be made by Swing Line Lender, are not sufficient to repay in full the
Refunded Swing Line Loans. If any portion of any such amount paid (or deemed to be paid) to Swing
Line Lender should be recovered by or on behalf of Company from

 

 

 -27-

Swing Line Lender in bankruptcy, by assignment for the benefit of creditors or otherwise, the
loss of the amount so recovered shall be ratably shared among all Revolving Lenders in the manner
contemplated by subsection 10.5.

          If for any reason (a) Revolving Loans are not made upon the request of Swing Line Lender as
provided in the immediately preceding paragraph in an amount sufficient to repay any amounts owed
to Swing Line Lender in respect of any outstanding Swing Line Loans or (b) the Revolving Loan
Commitments are terminated at a time when any Swing Line Loans are outstanding, each Revolving
Lender shall be deemed to, and hereby agrees to, have purchased a participation in such outstanding
Swing Line Loans in an amount equal to its Pro Rata Share (calculated, in the case of the foregoing
clause (b), immediately prior to such termination of the Revolving Loan Commitments) of the unpaid
amount of such Swing Line Loans together with accrued interest thereon. Upon one Business Day’s
notice from Swing Line Lender, each Revolving Lender shall deliver to Swing Line Lender an amount
equal to its respective participation in same day funds at the Funding and Payment Office. In
order to further evidence such participation (and without prejudice to the effectiveness of the
participation provisions set forth above), each Revolving Lender agrees to enter into a separate
participation agreement at the request of Swing Line Lender in form and substance reasonably
satisfactory to Swing Line Lender. In the event any Revolving Lender fails to make available to
Swing Line Lender the amount of such Revolving Lender’s participation as provided in this
paragraph, Swing Line Lender shall be entitled to recover such amount on demand from such Revolving
Lender together with interest thereon at the rate customarily used by Swing Line Lender for the
correction of errors among banks for three Business Days and thereafter at the Alternate Base Rate.
In the event Swing Line Lender receives a payment of any amount in which other Revolving Lenders
have purchased participations as provided in this paragraph, Swing Line Lender shall promptly
distribute to each such other Revolving Lender its Pro Rata Share of such payment.

          Anything contained herein to the contrary notwithstanding, each Revolving Lender’s obligation
to make Revolving Loans for the purpose of repaying any Refunded Swing Line Loans pursuant to the
second preceding paragraph and each Revolving Lender’s obligation to purchase a participation in
any unpaid Swing Line Loans pursuant to the immediately preceding paragraph shall be absolute and
unconditional and shall not be affected by any circumstance, including (a) any set-off,
counterclaim, recoupment, defense or other right which such Revolving Lender may have against Swing
Line Lender, Company or any other Person for any reason whatsoever; (b) the occurrence or
continuation of an Event of Default or a Potential Event of Default; (c) any adverse change in the
business, operations, properties, assets, condition (financial or otherwise) or prospects of
Company or any of its Subsidiaries; (d) any breach of this Agreement or any other Loan Document by
any party thereto; or (e) any other circumstance, happening or event whatsoever, whether or not
similar to any of the foregoing; provided that such obligations of each Revolving Lender are
subject to the condition that (X) Swing Line Lender believed in good faith that all conditions
under Section 4 to the making of the applicable Refunded Swing Line Loans or other unpaid Swing
Line Loans, as the case may be, were satisfied at the time such Refunded Swing Line Loans or unpaid
Swing Line Loans were made or (Y) the satisfaction of

 

 

 -28-

any such condition not satisfied had been waived in accordance with subsection 10.6 prior to
or at the time such Refunded Swing Line Loans or other unpaid Swing Line Loans were made.

          B. Borrowing Mechanics. Term Loans or Revolving Loans made on any Funding Date (other
than Revolving Loans made pursuant to a request by Swing Line Lender pursuant to subsection
2.1A(iii) for the purpose of repaying any Refunded Swing Line Loans or Revolving Loans made
pursuant to subsection 3.3B for the purpose of reimbursing any Issuing Lender for the amount of a
drawing under a Letter of Credit issued by it) shall be in an aggregate minimum amount of
$5,000,000 and integral multiples of $1,000,000 in excess of that amount. Swing Line Loans made on
any Funding Date shall be in an aggregate minimum amount of $500,000 and integral multiples of
$100,000 in excess of that amount. Whenever Company desires that Lenders make Term Loans or
Revolving Loans it shall deliver to Administrative Agent a Notice of Borrowing no later than 12:00
Noon (New York City time) at least three Eurodollar Business Days in advance of the proposed
Funding Date (in the case of a Eurodollar Rate Loan) or at least one Business Day in advance of the
proposed Funding Date (in the case of an Alternate Base Rate Loan); provided that, any such notice
delivered with respect to Loans requested to be made on the Closing Date may be delivered at any
time prior to 12:00 Noon (New York City time) at least one Business Day in advance of the Closing
Date. Whenever Company desires that Swing Line Lender make a Swing Line Loan, it shall deliver to
Administrative Agent a Notice of Borrowing no later than 12:00 Noon (New York City time) on the
proposed Funding Date. The Notice of Borrowing shall specify (i) the proposed Funding Date (which
shall be a Business Day), (ii) the amount and type of Loans requested, (iii) in the case of Swing
Line Loans, that such Loans shall be an Alternate Base Rate Loans, (iv) in the case of Term Loans
and Revolving Loans, whether such Loans shall be Alternate Base Rate Loans or Eurodollar Rate
Loans; provided, that Term Loans and Revolving Loans made on the Closing Date shall be Alternate
Base Rate Loans; provided, however, on such Funding Date Company may request such Loans be
converted to Eurodollar Rate Loans in the manner provided in subsection 2.2D; and (v) in the case
of any Loans requested to be made as Eurodollar Rate Loans, the initial Interest Period requested
therefor. Term Loans and Revolving Loans may be continued as or converted into Alternate Base Rate
Loans and Eurodollar Rate Loans in the manner provided in subsection 2.2D. In lieu of delivering
the above-described Notice of Borrowing, Company may give Administrative Agent telephonic notice by
the required time of any proposed borrowing under this subsection 2.1B; provided that such notice
shall be promptly confirmed in writing by delivery of a Notice of Borrowing to Administrative Agent
on or before the applicable Funding Date.

          Neither Administrative Agent nor any Lender shall incur any liability to Company in acting
upon any telephonic notice referred to above that Administrative Agent believes in good faith to
have been given by a duly authorized officer or other person authorized to borrow on behalf of
Company or for otherwise acting in good faith under this subsection 2.1B, and upon funding of Loans
by Lenders in accordance with this Agreement pursuant to any such telephonic notice Company shall
have effected Loans hereunder.

 

 

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          Company shall notify Administrative Agent prior to the funding of any Loans in the event that
any of the matters to which Company is required to certify in the applicable Notice of Borrowing is
no longer true and correct as of the applicable Funding Date, and the acceptance by Company of the
proceeds of any Loans shall constitute a re-certification by Company, as of the applicable Funding
Date, as to the matters to which Company is required to certify in the applicable Notice of
Borrowing.

          Except as otherwise provided in subsections 2.6B, 2.6C and 2.6G, a Notice of Borrowing for a
Eurodollar Rate Loan (or telephonic notice in lieu thereof) shall be irrevocable on and after the
related Interest Rate Determination Date, and Company shall be bound to make a borrowing in
accordance therewith.

          C. Disbursement of Funds. All Term Loans and Revolving Loans under this Agreement
shall be made by Lenders simultaneously and proportionately to their respective Pro Rata Shares, it
being understood that no Lender shall be responsible for any default by any other Lender in that
other Lender’s obligation to make a Loan requested hereunder nor shall the Commitment of any Lender
to make the particular type of Loan requested be increased or decreased as a result of a default by
any other Lender in that other Lender’s obligation to make a Loan requested hereunder. Promptly
after receipt by Administrative Agent of a Notice of Borrowing pursuant to subsection 2.1B (or
telephonic notice in lieu thereof), Administrative Agent shall notify each Lender or Swing Line
Lender, as the case may be, of the proposed borrowing. Each Lender shall make the amount of its
Loan available to Administrative Agent not later than 12:00 Noon (New York City time) on the
applicable Funding Date, and Swing Line Lender shall make the amount of its Swing Line Loan
available to Administrative Agent not later than 2:00 P.M. (New York City time) on the applicable
Funding Date, in each case in same day funds in Dollars, at the Funding and Payment Office. Except
as provided in subsection 2.1A(iii) or subsection 3.3B with respect to Revolving Loans used to
repay Refunded Swing Line Loans or to reimburse any Issuing Lender for the amount of a drawing
under a Letter of Credit issued by it, upon satisfaction or waiver of the conditions precedent
specified in subsections 4.1 (in the case of Loans made on the Closing Date) and 4.2 (in the case
of all Loans), Administrative Agent shall make the proceeds of such Loans available to Company on
the applicable Funding Date by causing an amount of same day funds in Dollars equal to the proceeds
of all such Loans received by Administrative Agent from Lenders or Swing Line Lender, as the case
may be, to be credited to the account of Company at the Funding and Payment Office.

          Unless Administrative Agent shall have been notified by any Lender prior to the Funding Date
for any Loans that such Lender does not intend to make available to Administrative Agent the amount
of such Lender’s Loan requested on such Funding Date, Administrative Agent may assume that such
Lender has made such amount available to Administrative Agent on such Funding Date and
Administrative Agent may, in its sole discretion, but shall not be obligated to, make available to
Company a corresponding amount on such Funding Date. If such corresponding amount is not in fact
made available to Administrative Agent by such Lender, Administrative Agent shall be entitled to
recover such corresponding amount on demand from

 

 

 -30-

such Lender together with interest thereon, for each day from such Funding Date until the date
such amount is paid to Administrative Agent, at the customary rate set by Administrative Agent for
the correction of errors among banks for three Business Days and thereafter at the Alternate Base
Rate. If such Lender does not pay such corresponding amount within three Business Days after such
amount should have been made available, Administrative Agent shall promptly notify Company and
Company shall immediately pay such corresponding amount to Administrative Agent together with
interest thereon, for each day from such Funding Date until the date such amount is paid to
Administrative Agent, at the rate payable under this Agreement for Alternate Base Rate Loans.
Nothing in this subsection 2.1C shall be deemed to relieve any Lender from its obligation to
fulfill its Commitments hereunder or to prejudice any rights that Company may have against any
Lender as a result of any default by such Lender hereunder.

          D. The Register.

          (i) Administrative Agent shall maintain, at its address referred to in subsection 10.8, a
register for the recordation of the names and addresses of Lenders and the Commitments and Loans of
each Lender from time to time (the “Register”). The Register shall be available for inspection by
Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.

          (ii) Administrative Agent shall record in the Register the Term Loan Commitment and the Term
Loan of each Term Lender, the Revolving Loan Commitment and the Revolving Loans from time to time
of each Revolving Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time
of Swing Line Lender, and each repayment or prepayment in respect of the principal amount of the
Term Loan of each Term Lender, the Revolving Loans of each Revolving Lender or the Swing Line Loans
of Swing Line Lender. Any such recordation shall be conclusive and binding on Company and each
Lender, absent manifest error; provided that failure to make any such recordation, or any error in
such recordation, shall not affect any Lender’s Commitments or Company’s Obligations in respect of
any applicable Loans.

          (iii) Each Lender shall record on its internal records (including any Notes held by such
Lender) the amount of the Term Loan, and each Revolving Loan made by it and each payment in respect
thereof. Any such recordation shall be conclusive and binding on Company, absent manifest error;
provided that failure to make any such recordation, or any error in such recordation, shall not
affect any Lender’s Commitments or Company’s Obligations in respect of any applicable Loans; and
provided, further, that in the event of any inconsistency between the Register and any Lender’s
records, the recordations in the Register shall govern.

          (iv) Company, Administrative Agent and Lenders shall deem and treat the Persons listed as
Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed
therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall
be effective, in each case unless and until an Assignment Agreement effecting the assignment or
transfer thereof shall have been accepted by Administrative Agent and recorded in the Register as
provided in subsection 10.1B(ii). Prior to such recordation, all

 

 

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amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender
listed in the Register as the owner thereof, and any request, authority or consent of any Person
who, at the time of making such request or giving such authority or consent, is listed in the
Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or
transferee of the corresponding Commitments or Loans.

          (v) Company hereby designates Credit Suisse to serve as Company’s agent solely for purposes of
maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to
the extent Credit Suisse serves in such capacity, Credit Suisse and its officers, directors,
employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection
10.3.

          E. Notes. At the request of any Lender, Company shall execute and deliver to that
Lender (or to Administrative Agent for that Lender) each of the following, as appropriate: (i) a
Term Note substantially in the form of Exhibit IV annexed hereto to evidence that Lender’s
Term Loan, in the principal amount of that Lender’s Term Loan and with other appropriate
insertions, (ii) a Revolving Note substantially in the form of Exhibit V annexed hereto to
evidence that Lender’s Revolving Loans, in the principal amount of that Lender’s Revolving Loan
Commitment and with other appropriate insertions, and (iii) a Swing Line Note substantially in the
form of Exhibit VI annexed hereto to evidence that Lender’s Swing Line Loans, in the
principal amount of the Swing Line Loan Commitment and with other appropriate insertions. In the
event a Lender requests such Notes at least 3 Business Days prior to the Closing Date, Company
shall execute and deliver the Notes on such date.

          2.2. Interest on the Loans

          A. Rate of Interest. Subject to the provisions of subsections 2.6 and 2.7, each Term
Loan and each Revolving Loan shall bear interest on the unpaid principal amount thereof from the
date made through maturity (whether by acceleration or otherwise) at a rate determined by reference
to the Alternate Base Rate or the Adjusted Eurodollar Rate. Subject to the provisions of
subsection 2.7, each Swing Line Loan shall bear interest on the unpaid principal amount thereof
from the date made through maturity (whether by acceleration or otherwise) at a rate determined by
reference to the Alternate Base Rate. The applicable basis for determining the rate of interest
with respect to any Term Loans or any Revolving Loan shall be selected by Company initially at the
time a Notice of Borrowing is given with respect to such Loans pursuant to subsection 2.1B, and the
basis for determining the interest rate with respect to any Term Loans or any Revolving Loan may be
changed from time to time pursuant to subsection 2.2D. If on any day a Term Loan or Revolving Loan
is outstanding with respect to which notice has not been delivered to Administrative Agent in
accordance with the terms of this Agreement specifying the applicable basis for determining the
rate of interest, then for that day that Loan shall bear interest determined by reference to the
Alternate Base Rate. Subject to the provisions of subsections 2.2E and 2.7, the Term Loans and the
Revolving Loans shall bear interest through maturity as follows:

 

 

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     (i) if an Alternate Base Rate Loan, then at the sum of the Alternate Base Rate and the
applicable Base Rate Margin set forth in the table below opposite the Consolidated Leverage
Ratio for the four-Fiscal Quarter period ending on the date for which the applicable
Compliance Certificate has been delivered pursuant to subsection 6.1(iii):

	 	 	 	 	 
	 	 	 	 	APPLICABLE
	 	 	 	 	ALTERNATE BASE
	 	 	 	 	RATE MARGIN
	 	 	CONSOLIDATED LEVERAGE RATIO	 	(PER ANNUM)
	Level 1
	 	Greater than or equal to 3.0x	 	0.125%
	 
	 	 	 	 
	Level 2
	 	Less than 3.0x	 	0%

provided, that until the date on which the Compliance Certificate is delivered pursuant
to subsection 6.1(iii) for the Fiscal Quarter ended December 31, 2005, the Base Rate Margin
shall be 0% for Revolving Loans and Term Loans.

     (ii) if a Eurodollar Rate Loan, then at the sum of the Adjusted Eurodollar Rate and the
applicable Eurodollar Rate Margin set forth in the table below, opposite the Consolidated
Leverage Ratio for the four-Fiscal Quarter period ending on the date for which the
applicable Compliance Certificate has been delivered pursuant to subsection 6.1(iii):

	 	 	 	 	 
	 	 	 	 	APPLICABLE
	 	 	 	 	EURODOLLAR
	 	 	 	 	MARGIN
	 	 	CONSOLIDATED LEVERAGE RATIO	 	(PER ANNUM)
	Level 1
	 	Greater than or equal to 3.0x	 	1.125%
	 
	 	 	 	 
	Level 2
	 	Greater than or equal to 2.5x but less than 3.0x	 	0.875%
	 
	 	 	 	 
	Level 3
	 	Greater than or equal to 2.0x but less than 2.5x	 	0.750%
	 
	 	 	 	 
	Level 4
	 	Greater than or equal to 1.5x but less than 2.0x	 	0.625%
	 
	 	 	 	 
	Level 5
	 	Less than 1.5x	 	0.500%

provided, that until the date on which the Compliance Certificate is delivered pursuant
to subsection 6.1(iii) for the Fiscal Quarter ended December 31, 2005, the Eurodollar Rate
Margin shall be 0.750% per annum for Revolving Loans and Term Loans; provided, further, that
Level 5 of the grid above will apply if and so long as the Company is rated Investment
Grade.

 

 

-33-

          Upon delivery of the Compliance Certificate by Company to Administrative Agent pursuant to
subsection 6.1(iii), the applicable Base Rate Margin and Eurodollar Rate Margin shall automatically
be adjusted in accordance with such Compliance Certificate, such adjustment to become effective on
the next succeeding Business Day following receipt by Administrative Agent of such Compliance
Certificate; provided, that if at any time a Compliance Certificate is not delivered at the time
required pursuant to subsection 6.1(iii), from the time such Compliance Certificate was required to
be delivered until delivery of such Compliance Certificate, such applicable Base Rate Margin and
Eurodollar Rate Margin shall be the maximum percentage amount until such Compliance Certificate is
delivered.

          Subject to the provisions of subsections 2.2E and 2.7, any Swing Line Loans provided to
Company shall bear interest through maturity at the rate then applicable to Revolving Loans
pursuant to subsection 2.2A(i).

          B. Interest Periods. In connection with each Eurodollar Rate Loan, Company may,
pursuant to the applicable Notice of Borrowing or Notice of Conversion/Continuation, as the case
may be, select an interest period (each an “Interest Period”) to be applicable to such
Loan, which Interest Period shall be, at Company’s option, either a seven day, 14 day, or one, two,
three or six month period or, if deposits in the interbank Eurodollar market are available to all
Lenders for such period (as determined by each Lender), a nine or twelve month period; provided
that:

     (i) the initial Interest Period for any Eurodollar Rate Loan shall commence on the
Funding Date in respect of such Loan, in the case of a Loan initially made as a Eurodollar
Rate Loan, or on the date specified in the applicable Notice of Conversion/Continuation, in
the case of a Loan converted to a Eurodollar Rate Loan;

     (ii) in the case of immediately successive Interest Periods applicable to a Eurodollar
Rate Loan continued as such pursuant to a Notice of Conversion/Continuation, each successive
Interest Period shall commence on the day on which the next preceding Interest Period
expires;

     (iii) if an Interest Period would otherwise expire on a day that is not a Business Day,
such Interest Period shall expire on the next succeeding Business Day; provided that, if any
Interest Period would otherwise expire on a day that is not a Business Day but is a day of
the month after which no further Business Day occurs in such month, such Interest Period
shall expire on the next preceding Business Day;

     (iv) 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, subject to clause (v) of this subsection 2.2B, end on
the last Business Day of a calendar month;

 

 

-34-

     (v) no Interest Period with respect to any portion of the Term Loans shall extend
beyond the Term Loan Maturity Date, and no Interest Period with respect to any portion of
the Revolving Loans shall extend beyond the Revolving Loan Commitment Termination Date;

     (vi) no Interest Period with respect to any portion of the Term Loans shall extend
beyond a date on which Company is required to make a scheduled payment of principal of such
Term Loans unless the sum of (a) the aggregate principal amount of Term Loans of the type to
be repaid that are Alternate Base Rate Loans plus (b) the aggregate principal amount of Term
Loans of the type to be repaid that are Eurodollar Rate Loans with Interest Periods expiring
on or before such date equals or exceeds the principal amount required to be paid on the
Term Loans of such type on such date;

     (vii) there shall be no more than 15 Interest Periods outstanding at any time; and

     (viii) in the event Company fails to specify an Interest Period for any Eurodollar Rate
Loan in the applicable Notice of Borrowing or Notice of Conversion/Continuation, Company
shall be deemed to have selected an Interest Period of one month.

          C. Interest Payments. Subject to the provisions of subsection 2.2E, interest on each
Loan shall be payable in arrears on and to each Interest Payment Date applicable to that Loan, upon
any prepayment of that Loan (to the extent accrued on the amount being prepaid) and at maturity
(including final maturity); provided that in the event any Swing Line Loans or any Revolving Loans
that are Alternate Base Rate Loans are prepaid pursuant to subsection 2.4B(i), interest accrued on
such Swing Line Loans or Revolving Loans through the date of such prepayment shall be payable on
the next succeeding Interest Payment Date applicable to Alternate Base Rate Loans (or, if earlier,
at final maturity).

          D. Conversion or Continuation. Subject to the provisions of subsection 2.6, Company
shall have the option (i) to convert at any time all or any part of its outstanding Term Loans or
Revolving Loans equal to $5,000,000 and integral multiples of $1,000,000 in excess of that amount
from Loans bearing interest at a rate determined by reference to one basis to Loans bearing
interest at a rate determined by reference to an alternative basis or (ii) upon the expiration of
any Interest Period applicable to a Eurodollar Rate Loan, to continue all or any portion of such
Loan equal to $5,000,000 and integral multiples of $1,000,000 in excess of that amount as a
Eurodollar Rate Loan; provided, however, that a Eurodollar Rate Loan may only be converted into a
Alternate Base Rate Loan on the expiration date of an Interest Period applicable thereto.

          Company shall deliver a Notice of Conversion/Continuation to Administrative Agent no later
than 12:00 Noon (New York City time) at least one Business Day in advance of the proposed
conversion date (in the case of a conversion to an Alternate Base Rate Loan) and at least three
Eurodollar Business Days in advance of the proposed conversion/continuation date (in the case of a
conversion to, or a continuation of, a Eurodollar Rate Loan). A Notice of

 

 

-35-

Conversion/Continuation shall specify (i) the proposed conversion/continuation date (which shall be
a Business Day), (ii) the amount and type of the Loan to be converted/continued, (iii) the nature
of the proposed conversion/continuation, (iv) in the case of a conversion to, or a continuation of,
a Eurodollar Rate Loan, the requested Interest Period, and (v) in the case of a conversion to, or a
continuation of, a Eurodollar Rate Loan, that no Potential Event of Default or Event of Default has
occurred and is continuing. In lieu of delivering the above-described Notice of
Conversion/Continuation, Company may give Agent telephonic notice by the required time of any
proposed conversion/continuation under this subsection 2.2D; provided that such notice shall be
promptly confirmed in writing by delivery of a Notice of Conversion/Continuation to Administrative
Agent on or before the proposed conversion/continuation date. Upon receipt of written or
telephonic notice of any proposed conversion/continuation under this subsection 2.2D,
Administrative Agent shall promptly notify each Lender.

          Neither Administrative Agent nor any Lender shall incur any liability to Company in acting
upon any telephonic notice referred to above that Administrative Agent believes in good faith to
have been given by a duly authorized officer or other person authorized to act on behalf of Company
or for otherwise acting in good faith under this subsection 2.2D, and upon conversion or
continuation of the applicable basis for determining the interest rate with respect to any Loans in
accordance with this Agreement pursuant to any such telephonic notice Company shall have effected a
conversion or continuation, as the case may be, hereunder.

          Except as otherwise provided in subsections 2.6B, 2.6C and 2.6G, a Notice of
Conversion/Continuation for conversion to, or continuation of, a Eurodollar Rate Loan (or
telephonic notice in lieu thereof) shall be irrevocable and Company shall be bound to effect a
conversion or continuation in accordance therewith.

          E. Default Rate. In the event that the outstanding principal amount of any Loan, any
interest or any fees or other amounts due and payable hereunder are not paid when due, such overdue
amounts shall thereafter bear interest (including post-petition interest in any proceeding under
the Bankruptcy Code or other applicable bankruptcy laws) payable upon demand at a rate that is 2%
per annum in excess of the interest rate otherwise payable under this Agreement with respect to the
applicable Loans (or, in the case of any such fees and other amounts, at a rate which is 2% per
annum, in excess of the interest rate otherwise payable under this Agreement for Alternate Base
Rate Loans); provided that, in the case of Eurodollar Rate Loans, upon the expiration of the
Interest Period in effect at the time any such increase in interest rate is effective such
Eurodollar Rate Loans shall thereupon become Alternate Base Rate Loans and shall thereafter bear
interest payable upon demand at a rate which is 2% per annum in excess of the interest rate
otherwise payable under this Agreement for Alternate Base Rate Loans. Payment or acceptance of the
increased rates of interest provided for in this subsection 2.2E is not a permitted alternative to
timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or
limit any rights or remedies of Administrative Agent or any Lender.

 

 

-36

          F. Computation of Interest. Interest on the Loans shall be computed on the basis of
(i) in the case of Eurodollar Rate Loans a 360-day year or (ii) in the case of Alternate Base Rate
Loans, a 365 or 366 day year, unless the interest rate on such Alternate Base Rate Loans is based
on the Federal Funds Rate, in which case the calculation will be on the basis of a 360 day year, in
each case for the actual number of days elapsed in the period during which it accrues. In
computing interest on any Loan, the date of the making of such Loan or the first day of an Interest
Period applicable to such Loan or, with respect to an Alternate Base Rate Loan being converted from
a Eurodollar Rate Loan the date of conversion of such Eurodollar Rate Loan to such Alternate Base
Rate Loan, as the case may be, shall be included, and the date of payment of such Loan or the
expiration date of an Interest Period applicable to such Loan or, with respect to an Alternate Base
Rate Loan being converted to a Eurodollar Rate Loan, the date of conversion of such Base Rate Loan
to such Eurodollar Rate Loan, as the case may be, shall be excluded; provided that if a Loan is
repaid on the same day on which it is made, one day’s interest shall be paid on that Loan.

          2.3. Fees

          A. Commitment Fees. Company agrees to pay to Administrative Agent, for distribution
to each Revolving Lender in proportion to that Revolving Lender’s Pro Rata Share, commitment fees
for the period from and including the Closing Date to and excluding the Revolving Loan Commitment
Termination Date equal to the average of the daily excess of the Revolving Loan Commitments over
the sum of the aggregate principal amount of outstanding Revolving Loans (but not any outstanding
Swing Line Loans) and the Letter of Credit Usage multiplied by the percentage per annum determined
by reference to the applicable percentage set forth in the table below opposite the Consolidated
Leverage Ratio for the four-Fiscal Quarter period ending on the date for which the applicable
Compliance Certificate has been delivered pursuant to subsection 6.1(iii), such commitment fees to
be calculated on the basis of a 360 day year and the actual number of days elapsed and to be
payable quarterly in arrears on the last Business Day of March, June, September and December of
each year, commencing on December 31, 2005, and on the Revolving Loan Commitment Termination Date:

 

 

-37-

	 	 	 	 	 
	 	 	 	 	COMMITMENT
	 	 	 	 	FEE APPLICABLE
	 	 	 	 	PERCENTAGE
	 	 	CONSOLIDATED LEVERAGE RATIO	 	(PER ANNUM)
	Level 1
	 	Greater than or equal to 3.0x	 	0.250%
	 
	 	 	 	 
	Level 2
	 	Greater than or equal to 2.5x but less than 3.0x	 	0.200%
	 
	 	 	 	 
	Level 3
	 	Greater than or equal to 2.0x but less than 2.5x	 	0.150%
	 
	 	 	 	 
	Level 4
	 	Greater than or equal to 1.5x but less than 2.0x	 	0.125%
	 
	 	 	 	 
	Level 5
	 	Less than 1.5x	 	0.100%

provided, that until the date on which the Compliance Certificate is delivered pursuant to
subsection 6.1(iii) for the Fiscal Quarter ended December 31, 2005, the commitment fee percentage
shall equal 0.150% per annum; provided, further, that Level 5 of the grid above will apply if and
so long as the Company is rated Investment Grade. Upon delivery of the Compliance Certificate by
Company to Administrative Agent pursuant to subsection 6.1(iii), the applicable commitment fee
percentage shall automatically be adjusted in accordance with such Compliance Certificate, such
adjustment to become effective on the next succeeding Business Day following receipt by
Administrative Agent of such Compliance Certificate; provided, that if at any time a Compliance
Certificate is not delivered at the time required pursuant to subsection 6.1(iii), from the time
such Compliance Certificate was required to be delivered until delivery of such Compliance
Certificate, such applicable commitment fee percentage shall be the maximum percentage amount until
such Compliance Certificate is delivered.

          B. Other Fees. Company agrees to pay to an Agent such other fees in the amounts and
at the times separately agreed upon between Company and such Agent.

	 	2.4.	 	Repayments, Prepayments and Reductions in Revolving

Loan Commitments; General Provisions Regarding Payments
	 
	 	A.	 	Scheduled Payments of Term Loans.

          Company shall make principal payments on the Term Loans in installments on the dates and in
the amounts set forth below:

 

 

-38-

	 	 	 	 	 	 	 
	 	 	Scheduled Repayment
	 	 	of Term Loans
	 	 	Date	 	Amount Repaid
	 

	 	December 31, 2005
	 	$	40,000,000	 
	 
	 	 	 	 	 	 
	 

	 	March 31, 2006
	 	$	40,000,000	 
	 
	 	 	 	 	 	 
	 

	 	June 30, 2006
	 	$	40,000,000	 
	 
	 	 	 	 	 	 
	 

	 	September 30, 2006
	 	$	40,000,000	 
	 
	 	 	 	 	 	 
	 

	 	December 31, 2006
	 	$	40,000,000	 
	 
	 	 	 	 	 	 
	 

	 	March 31, 2007
	 	$	40,000,000	 
	 
	 	 	 	 	 	 
	 

	 	June 30, 2007
	 	$	40,000,000	 
	 
	 	 	 	 	 	 
	 

	 	September 30, 2007
	 	$	40,000,000	 
	 
	 	 	 	 	 	 
	 

	 	December 31, 2007
	 	$	60,000,000	 
	 
	 	 	 	 	 	 
	 

	 	March 31, 2008
	 	$	60,000,000	 
	 
	 	 	 	 	 	 
	 

	 	June 30, 2008
	 	$	60,000,000	 
	 
	 	 	 	 	 	 
	 

	 	September 30, 2008
	 	$	60,000,000	 
	 
	 	 	 	 	 	 
	 

	 	December 31, 2008
	 	$	80,000,000	 
	 
	 	 	 	 	 	 
	 

	 	March 31, 2009
	 	$	80,000,000	 
	 
	 	 	 	 	 	 
	 

	 	June 30, 2009
	 	$	80,000,000	 
	 
	 	 	 	 	 	 
	 

	 	September 30, 2009
	 	$	80,000,000	 
	 
	 	 	 	 	 	 
	 

	 	December 31, 2009
	 	$	180,000,000	 
	 
	 	 	 	 	 	 
	 

	 	March 31, 2010
	 	$	180,000,000	 
	 
	 	 	 	 	 	 
	 

	 	June 30, 2010
	 	$	180,000,000	 
	 
	 	 	 	 	 	 
	 

	 	October 14, 2010
	 	$	180,000,000	 

; provided that the scheduled installments of principal of the Term Loans set forth above shall be
reduced in connection with any voluntary prepayments of the Term Loans in accordance with
subsection 2.4B(iii); and provided, further, that the Term Loans and all other amounts owed
hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity
Date, and the final installment payable by Company in respect of the Term Loans on such date shall
be in an amount, if such amount is different from that specified above, sufficient to repay all
amounts owing by Company under this Agreement with respect to the Term Loans.

 

 

-39-

          B. Prepayments and Unscheduled Reductions in Revolving Loan Commitments.

          (i) Voluntary Prepayments. Company may, upon written or telephonic notice to
Administrative Agent on or prior to 12:00 Noon (New York City time) on the date of prepayment,
which notice, if telephonic, shall be promptly confirmed in writing, at any time and from time to
time prepay any Swing Line Loan on any Business Day in whole or in part in an aggregate minimum
amount of $500,000 and integral multiples of $100,000 in excess of that amount. Company may, upon
not less than one Business Day’s prior written or telephonic notice, in the case of Alternate Base
Rate Loans, and three Business Days’ prior written or telephonic notice, in the case of Eurodollar
Rate Loans, in each case given to Administrative Agent by 12:00 Noon (New York City time) on the
date required and, if given by telephone, promptly confirmed in writing to Administrative Agent
(which written or telephonic notice Administrative Agent will promptly transmit by telefacsimile or
telephone to each Lender), at any time and from time to time prepay any Term Loans or Revolving
Loans on any Business Day in whole or in part in an aggregate minimum amount of $1,000,000 and
integral multiples of $500,000 in excess of that amount; provided, however, that Company shall pay
any amounts payable pursuant to subsection 2.6D in connection with any such prepayment other than
at the expiration of an Interest Period. Notice of prepayment having been given as aforesaid, the
principal amount of the Loans specified in such notice shall become due and payable on the
prepayment date specified therein. Any such voluntary prepayment shall be applied as specified in
subsection 2.4B(iii).

          (ii) Voluntary Reductions of Revolving Loan Commitments. Company may, upon not less
than one Business Day’s prior written or telephonic notice confirmed in writing to Administrative
Agent (which written or telephonic notice Administrative Agent will promptly transmit by
telefacsimile or telephonic notice confirmed in writing to each Lender), at any time and from time
to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving
Loan Commitments in an amount up to the amount by which the Revolving Loan Commitments exceed the
Total Utilization of Revolving Loan Commitments at the time of such proposed termination or
reduction after giving effect to any prepayments of the Revolving Loans and Swing Line Loans made
on the effective date thereof; provided that any such partial reduction of the Revolving Loan
Commitments shall be in an aggregate minimum amount of $1,000,000 and integral multiples of
$500,000 in excess of that amount. Company’s notice to Administrative Agent shall designate the
date (which shall be a Business Day) of such termination or reduction and the amount of any partial
reduction, and such termination or reduction of the Revolving Loan Commitments shall be effective
on the date specified in Company’s notice and shall reduce the Revolving Loan Commitment of each
Revolving Lender proportionately to its Pro Rata Share.

 

 

-40-

          (iii) Application of Prepayments and Unscheduled Reductions of Revolving Loan
Commitments.

          (a) Application of Voluntary Prepayments by Type of Loans and Maturity. Any voluntary
prepayments pursuant to subsection 2.4B(i) shall be applied as specified by Company in the
applicable notice of prepayment. In the event Company fails to specify the Loans to which
prepayment shall be applied, such prepayment shall be applied first, to outstanding Swing Line
Loans to the full extent thereof, second to outstanding Revolving Loans to the full extent thereof,
and third to outstanding Term Loans. Any voluntary prepayments of the Term Loans pursuant to
subsection 2.4B(i) shall be applied to reduce the scheduled installments of principal of the Term
Loans set forth in subsection 2.4A, as specified by Company or, if no such order is specified, in
direct order of maturity.

          (b) Application of Prepayments to Alternate Base Rate Loans and Eurodollar Rate Loans.
Considering Term Loans and Revolving Loans being prepaid separately, any prepayment thereof shall
be applied first to Alternate Base Rate Loans to the full extent thereof before application to
Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required
to be made by Company pursuant to subsection 2.6D.

          C. General Provisions Regarding Payments.

          (i) Manner and Time of Payment. All payments by Company of principal, interest, fees
and other Obligations hereunder and under the Notes shall be made in Dollars in same day funds,
without defense, setoff or counterclaim, free of any restriction or condition, and delivered to
Administrative Agent not later than 12:00 Noon (New York City time) on the date due at the Funding
and Payment Office for the account of Lenders; funds received by Administrative Agent after that
time on such due date shall be deemed to have been paid by Company on the next succeeding Business
Day.

          (ii) Application of Payments to Principal and Interest. Except as provided in
subsection 2.2C, all payments in respect of the principal amount of any Loan shall include payment
of accrued interest on the principal amount being repaid or prepaid, and all such payments (and, in
any event, any payments in respect of any Loan on a date when interest is due and payable with
respect to such Loan) shall be applied to the payment of interest before application to principal.

          (iii) Apportionment of Payments. Aggregate principal and interest payments in respect
of Term Loans and Revolving Loans shall be apportioned among all outstanding Loans to which such
payments relate, in each case proportionately to Lenders’ respective Pro Rata Shares.
Administrative Agent shall promptly distribute to each Lender, at its primary address set forth
below its name on the appropriate signature page hereof or at such other address as such Lender may
request, its Pro Rata Share of all such payments received by Administrative Agent and the
commitment fees of such Lender when received by Administrative Agent pursuant to subsection 2.3.
Notwithstanding the foregoing provisions of this subsection 2.4C(iii), if,

 

 

-41-

pursuant to the provisions of subsection 2.6C, any Notice of Conversion/Continuation is withdrawn
as to any Affected Lender or if any Affected Lender makes Alternate Base Rate Loans in lieu of its
Pro Rata Share of any Eurodollar Rate Loans, Administrative Agent shall give effect thereto in
apportioning payments received thereafter.

          (iv) Payments on Business Days. Whenever any payment to be made hereunder shall be
stated to be due on a day that is not a Business Day, such payment shall be made on the next
succeeding Business Day and such extension of time shall be included in the computation of the
payment of interest hereunder or of the commitment fees hereunder, as the case may be.

          (v) Notation of Payment. Each Lender agrees that before disposing of any Note held by
it, or any part thereof (other than by granting participations therein), that Lender will make a
notation thereon of all Loans evidenced by that Note and all principal payments previously made
thereon and of the date to which interest thereon has been paid; provided that the failure to make
(or any error in the making of) a notation of any Loan made under such Note shall not limit or
otherwise affect the obligations of Company hereunder or under such Note with respect to any Loan
or any payments of principal or interest on such Note.

          D. Payments Under Subsidiary Guaranty. All payments received by Administrative Agent
under the Subsidiary Guaranty shall be applied promptly from time to time by Administrative Agent
in the following order of priority:

     (i) to the payment of the costs and expenses of any collection or other realization
under the Subsidiary Guaranty, including reasonable compensation to Administrative Agent and
its agents and counsel, and all expenses, liabilities and advances made or incurred by
Administrative Agent in connection therewith, all in accordance with the terms of this
Agreement and the Subsidiary Guaranty;

     (ii) thereafter, to the extent of any excess such payments, to the payment of all other
Guarantied Obligations (as defined in the Subsidiary Guaranty) for the ratable benefit of
the holders thereof;

     (iii) thereafter, to the extent of any excess such payments, to the payment of cash
collateral for Letters of Credit for the ratable benefit of the Issuing Lenders thereof and
holders of participations therein; and

     (iv) thereafter, to the extent of any excess such payments, to the payment to the
applicable Subsidiary Guarantor or to whosoever may be lawfully entitled to receive the same
or as a court of competent jurisdiction may direct.

 

 

-42-

          2.5. Use of Proceeds

          A. Term Loans. The proceeds of the Term Loans made on the Closing Date shall be used:

          (i) for the Priority Acquisition;

          (ii) for the Priority Refinancing;

          (iii) to refinance the Indebtedness outstanding under the Existing Credit Agreement;
and

          (iv) to pay fees and expenses in connection with the Transactions.

          B. Revolving Loans; Swing Line Loans. Revolving Loans and any Swing Line Loans shall
also be used for working capital requirements and general corporate purposes, which may include the
making of intercompany loans to any of Company’s Wholly Owned Subsidiaries and for making
acquisitions.

          C. Margin Regulations. No portion of the proceeds of any borrowing under this
Agreement shall be used by Company or any of its Subsidiaries in any manner that might cause the
borrowing or the application of such proceeds to violate Regulation U, Regulation T or Regulation X
of the Board of Governors of the Federal Reserve System or any other regulation of such Board or to
violate the Exchange Act, in each case as in effect on the date or dates of such borrowing and such
use of proceeds.

          2.6. Special Provisions Governing Eurodollar
Rate Loans

          Notwithstanding any other provision of this Agreement to the contrary, the following
provisions shall govern with respect to Eurodollar Rate Loans as to the matters covered:

     A. Determination of Applicable Interest Rate. As soon as practicable after
10:00 A.M. (New York City time) on each Interest Rate Determination Date, Administrative
Agent shall determine (which determination shall, absent manifest error, be final,
conclusive and binding upon all parties) the interest rate that shall apply to the
Eurodollar Rate Loans for which an interest rate is then being determined for the applicable
Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed
in writing) to Company and each Lender.

     B. Inability to Determine Applicable Interest Rate. In the event that
Administrative Agent shall have determined (which determination shall be final and
conclusive and binding upon all parties hereto), on any Interest Rate Determination Date
with respect to any Eurodollar Rate Loans, that by reason of circumstances affecting the
interbank Eurodollar market adequate and fair means do not exist for ascertaining the
interest

 

 

-43-

rate applicable to such Loans on the basis provided for in the definition of Adjusted
Eurodollar Rate, Administrative Agent shall on such date give notice (by telefacsimile or by
telephone confirmed in writing) to Company and each Lender of such determination, whereupon
(i) no Loans may be made as, or converted to, Eurodollar Rate Loans until such time as
Administrative Agent notifies Company and Lenders that the circumstances giving rise to such
notice no longer exist and (ii) any Notice of Borrowing or Notice of Conversion/Continuation
given by Company with respect to the Loans in respect of which such determination was made
shall be deemed to be rescinded by Company.

     C. Illegality of Eurodollar Rate Loans. In the event that on any date any
Lender shall have determined (which determination shall be final and conclusive and binding
upon all parties hereto but shall be made only after consultation with Administrative Agent)
that the making, maintaining or continuation of its Eurodollar Rate Loans has become
unlawful as a result of compliance by such Lender in good faith with any law, treaty,
governmental rule, regulation, guideline or order which came into effect after the Closing
Date (or would conflict with any such treaty, governmental rule, regulation, guideline or
order not having the force of law even though the failure to comply therewith would not be
unlawful), then, and in any such event, such Lender shall be an “Affected Lender”
and it shall on that day give notice (by telefacsimile or by telephone confirmed in writing)
to Company and Administrative Agent of such determination (which notice Administrative Agent
shall promptly transmit to each other Lender). Thereafter (a) the obligation of the
Affected Lender to make Loans as, or to convert Loans to, Eurodollar Rate Loans shall be
suspended until such notice shall be withdrawn by the Affected Lender, (b) to the extent
such determination by the Affected Lender relates to a Eurodollar Rate Loan then being
requested by Company pursuant to a Notice of Borrowing or a Notice of
Conversion/Continuation, the Affected Lender shall make such Loan as (or convert such Loan
to, as the case may be) an Alternate Base Rate Loan, (c) the Affected Lender’s obligation to
maintain its outstanding Eurodollar Rate Loans (the “Affected Loans”) shall be
terminated at the earlier to occur of the expiration of the Interest Period then in effect
with respect to the Affected Loans or when required by law, and (d) the Affected Loans shall
automatically convert into Alternate Base Rate Loans on the date of such termination.
Notwithstanding the foregoing, to the extent a determination by an Affected Lender as
described above relates to a Eurodollar Rate Loan then being requested by Company pursuant
to a Notice of Borrowing or a Notice of Conversion/Continuation, Company shall have the
option, subject to the provisions of subsection 2.6D, to rescind such Notice of Borrowing or
Notice of Conversion/Continuation as to all Lenders by giving notice (by telefacsimile or by
telephone confirmed in writing) to Administrative Agent of such rescission on the date on
which the Affected Lender gives notice of its determination as described above (which notice
of rescission Administrative Agent shall promptly transmit to each other Lender). Except as
provided in the immediately preceding sentence, nothing in this subsection 2.6C shall affect
the obligation of any Lender other than an Affected Lender to make or maintain Loans as, or
to convert Loans to, Eurodollar Rate Loans in accordance with the terms of this Agreement.

 

 

-44-

     D. Compensation for Breakage or Non-Commencement of Interest Periods. Company
shall compensate each Lender, upon written request by that Lender (which request shall set
forth in reasonable detail the basis for requesting such amounts), for all reasonable
losses, expenses and liabilities (including any interest paid by that Lender to lenders of
funds borrowed by it to make or carry its Eurodollar Rate Loans and any loss, expense or
liability sustained by that Lender in connection with the liquidation or re-employment of
such funds, but excluding loss of profit) which that Lender may sustain: (i) if for any
reason (other than a default by that Lender) a borrowing of any Eurodollar Rate Loan does
not occur on a date specified therefor in a Notice of Borrowing or a telephonic request for
borrowing, or a conversion to or continuation of any Eurodollar Rate Loan does not occur on
a date specified therefor in a Notice of Conversion/Continuation or a telephonic request for
conversion or continuation, (ii) if any prepayment (including any prepayment pursuant to
subsection 2.4B(i) or by virtue of the replacement of any Lender pursuant to subsection 2.8B
or 10.6B) or other principal payment or any conversion of any of its Eurodollar Rate Loans
occurs on a date prior to the last day of an Interest Period applicable to that Loan, (iii)
if any prepayment of any of its Eurodollar Rate Loans is not made on any date specified in a
notice of prepayment given by Company, or (iv) as a consequence of any other default by
Company in the repayment of its Eurodollar Rate Loans when required by the terms of this
Agreement.

     E. Booking of Eurodollar Rate Loans. Any Lender may make, carry or transfer
Eurodollar Rate Loans at, to, or for the account of any of its branch offices or the office
of an Affiliate of that Lender; provided, that such making, carrying or transferring
Eurodollar Rate Loans does not result in any costs or taxes to Company pursuant to
subsection 2.7.

     F. Assumptions Concerning Funding of Eurodollar Rate Loans. Calculation of all
amounts payable to a Lender under this subsection 2.6 and under subsection 2.7A shall be
made as though that Lender had actually funded each of its relevant Eurodollar Rate Loans
through the purchase of a Eurodollar deposit bearing interest at the rate obtained pursuant
to the definition of Eurodollar Rate in an amount equal to the amount of such Eurodollar
Rate Loan and having a maturity comparable to the relevant Interest Period and through the
transfer of such Eurodollar deposit from an offshore office of that Lender to a domestic
office of that Lender in the United States of America; provided, however, that each Lender
may fund each of its Eurodollar Rate Loans in any manner it sees fit and the foregoing
assumptions shall be utilized only for the purposes of calculating amounts payable under
this subsection 2.6 and under subsection 2.7A.

     G. Eurodollar Rate Loans After Default. After the occurrence of and during the
continuation of a Potential Event of Default or an Event of Default if notified by the
Administrative Agent or the Requisite Lenders, (i) Company may not elect to have a Loan be
made or maintained as, or converted to, a Eurodollar Rate Loan after the expiration of any
Interest Period then in effect for that Loan and (ii) subject to the provisions of

 

 

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subsection 2.6D, any Notice of Borrowing of Eurodollar Loans or Notice of
Conversion/Continuation which would result in Eurodollar Loans being outstanding given by
Company with respect to a requested borrowing or conversion/continuation that has not yet
occurred shall be deemed to be rescinded by Company.

          2.7. Increased Costs; Taxes; Capital
Adequacy

          A. Compensation for Increased Costs and Taxes. Subject to the provisions of
subsection 2.7B (which shall be controlling with respect to the matters covered thereby), in the
event that any Lender shall determine (which determination shall, absent manifest error, be final
and conclusive and binding upon all parties hereto) that any law, treaty or governmental rule,
regulation or order, or any change therein or in the interpretation, administration or application
thereof (including the introduction of any new law, treaty or governmental rule, regulation or
order), or any determination of a court or governmental authority, in each case that becomes
effective after the date hereof, or compliance by such Lender with any guideline, request or
directive issued or made after the date hereof by any central bank or other governmental or
quasi-governmental authority (whether or not having the force of law):

     (i) subjects such Lender (or its applicable lending office) to any additional Tax
(other than any Tax on the Overall Net Income of such Lender) with respect to this Agreement
or any of its obligations hereunder or any payments to such Lender (or its applicable
lending office) of principal, interest, fees or any other amount payable hereunder;

     (ii) imposes, modifies or holds applicable any reserve (including any marginal,
emergency, supplemental, special or other reserve), special deposit, compulsory loan, FDIC
insurance or similar requirement against assets held by, or deposits or other liabilities in
or for the account of, or advances or loans by, or other credit extended by, or any other
acquisition of funds by, any office of such Lender (other than any such reserve or other
requirements with respect to Eurodollar Rate Loans that are reflected in the definition of
Adjusted Eurodollar Rate); or

     (iii) imposes any other condition (other than with respect to a Tax matter) on or
affecting such Lender (or its applicable lending office) or its obligations hereunder or the
interbank Eurodollar market; and the result of any of the foregoing is to increase the cost
to such Lender of agreeing to make, making or maintaining Loans hereunder or to reduce any
amount received or receivable by such Lender (or its applicable lending office) with respect
thereto; then, in any such case, Company shall promptly pay to such Lender, upon receipt of
the statement referred to in the next sentence, such additional amount or amounts (in the
form of an increased rate of, or a different method of calculating, interest or otherwise as
such Lender in its sole discretion shall determine) as may be necessary to compensate such
Lender for any such increased cost or reduction in amounts received or receivable hereunder;
provided that Company shall not be required to compensate a Lender pursuant to this
subsection for any increased cost or reduction incurred more than 180 days prior to the date
that such Lender notifies Company of such change

 

 

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giving rise to such increased cost or reduction and of such Lender’s intention to claim
compensation therefor; provided, further, that, if such change giving rise to such increased
cost or reduction is retroactive, then the 180 day period referred to above shall be
extended to include the period of retroactive effect thereof. Such Lender shall deliver to
Company (with a copy to Administrative Agent) a written statement, setting forth in
reasonable detail the basis for calculating the additional amounts owed to such Lender under
this subsection 2.7A, which statement shall be conclusive and binding upon all parties
hereto absent manifest error.

          B. Withholding of Taxes.

          (i) Payments to Be Free and Clear. All sums payable by Company under this Agreement
and the other Loan Documents shall (except to the extent required by law) be paid free and clear
of, and without any deduction or withholding on account of, any Tax (other than a Tax on the
Overall Net Income of any Lender) imposed, levied, collected, withheld or assessed by or within the
United States of America or any political subdivision in or of the United States of America or any
other jurisdiction from or to which a payment is made by or on behalf of Company or by any
federation or organization of which the United States of America or any such jurisdiction is a
member at the time of payment.

          (ii) Grossing-Up of Payments. If Company or any other Person is required by law to
make any deduction or withholding on account of any such Tax from any sum paid or payable by
Company to Administrative Agent or any Lender under any of the Loan Documents:

     (a) Company shall notify Administrative Agent of any such requirement or any change in
any such requirement as soon as Company becomes aware of it;

     (b) Company shall pay any such Tax before the date on which penalties attach thereto,
such payment to be made (if the liability to pay is imposed on Company) for its own account
or (if that liability is imposed on Administrative Agent or such Lender, as the case may be)
on behalf of and in the name of Administrative Agent or such Lender;

     (c) the sum payable by Company in respect of which the relevant deduction, withholding
or payment is required shall be increased to the extent necessary to ensure that, after the
making of that deduction, withholding or payment, Administrative Agent or such Lender, as
the case may be, receives on the due date a net sum equal to what it would have received had
no such deduction, withholding or payment been required or made; and

     (d) within 30 days after paying any sum from which it is required by law to make any
deduction or withholding, and within 30 days after the due date of payment of any Tax which
it is required by clause (b) above to pay, Company shall deliver to Administrative Agent
evidence satisfactory to the other affected parties of such deduction, withholding or
payment and of the remittance thereof to the relevant taxing or other authority;

 

 

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provided that no such additional amount shall be required to be paid to any Lender under clause (c)
above except to the extent that any change in any law, treaty or governmental rule, regulation or
order, or any change therein or in the interpretation, administration or application thereof
(including the introduction of any new law, treaty or governmental rule, regulation or order), or
any determination of a court or governmental authority, in each case that becomes effective after
the date hereof (in the case of each Lender listed on the signature pages hereof) or after the date
of the Assignment Agreement pursuant to which such Lender became a Lender (in the case of each
other Lender) affecting any such requirement for a deduction, withholding or payment as is
mentioned therein shall result in an increase in the rate of such deduction, withholding or payment
from that in effect at the date of this Agreement or at the date of such Assignment Agreement, as
the case may be, in respect of payments to such Lender.

          (iii) Evidence of Exemption From Withholding Tax.

          (a) Each Lender that is not a United States person as defined in Section 7701(a)(30) of the
Internal Revenue Code (for purposes of this subsection 2.7B(iii), a “Non-US Lender”) shall
deliver to Administrative Agent for transmission to Company, on or prior to the Closing Date (in
the case of each Lender listed on the signature pages hereof) or on or prior to the date of the
Assignment Agreement pursuant to which it becomes a Lender (in the case of each other Lender), and
at such other times as may be necessary in the determination of Company or Administrative Agent
(each in the reasonable exercise of its discretion), (1) two original copies of Internal Revenue
Service Form W-8BEN, Form W-8ECI or Form W-8IMY, as the case may be (or any successor forms),
properly completed and duly executed by such Lender, together with any other certificate or
statement of exemption required under the Internal Revenue Code or the regulations issued
thereunder to establish that such Lender is not subject to deduction or withholding of United
States federal income tax with respect to any payments to such Lender of principal, interest, fees
or other amounts payable under any of the Loan Documents or (2) if such Lender is not a “bank” or
other Person described in Section 881(c)(3) of the Internal Revenue Code, a Certificate re Non-Bank
Status together with two original copies of Internal Revenue Service Form W-8BEN or W-8IMY (or any
successor form), properly completed and duly executed by such Lender, together with any other
certificates or statements of exemption requested by Company required under the Internal Revenue
Code or the regulations issued thereunder to establish that such Lender is not subject to deduction
or withholding of United States federal income tax with respect to any payments to such Lender of
interest payable under any of the Loan Documents.

          (b) Each Lender required to deliver any forms, certificates or other evidence with respect to
United States federal income tax withholding matters pursuant to subsection 2.7B(iii)(a) hereby
agrees, from time to time after the initial delivery by such Lender of such forms, certificates or
other evidence, whenever a lapse in time or change in circumstances renders such forms,
certificates or other evidence obsolete or inaccurate in any material respect, that such Lender
shall promptly (1) deliver to Administrative Agent for transmission to Company two new original
copies of Internal Revenue Service Form W-8BEN, W-8ECI or W-8IMY, as

 

 

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the case may be, or a Certificate re Non-Bank Status and two original copies of Internal
Revenue Service Form W-8BEN or W-8IMY, as the case may be, properly completed and duly executed by
such Lender, together with any other certificates or statements of exemption requested by Company
required in order to confirm or establish that such Lender is not subject to deduction or
withholding of United States federal income tax with respect to payments to such Lender under the
Loan Documents or (2) notify Administrative Agent and Company of its inability to deliver any such
forms, certificates or other evidence.

          (c) Company shall not be required to pay any additional amount to any Non-US Lender under
clause (c) of subsection 2.7B(ii) if such Lender shall have failed to satisfy the requirements of
clause (a) or (b)(1) of this subsection 2.7B(iii); provided that if such Lender shall have
satisfied the requirements of subsection 2.7B(iii)(a) on the Closing Date (in the case of each
Lender listed on the signature pages hereof) or on the date of the Assignment Agreement pursuant to
which it became a Lender (in the case of each other Lender), nothing in this subsection
2.7B(iii)(c) shall relieve Company of its obligation to pay any additional amounts pursuant to
clause (c) of subsection 2.7B(ii) in the event that, as a result of any change in any applicable
law, treaty or governmental rule, regulation or order, or any change in the interpretation,
administration or application thereof, such Lender is no longer properly entitled to deliver forms,
certificates or other evidence at a subsequent date establishing the fact that such Lender is not
subject to withholding as described in subsection 2.7B(iii)(a).

          C. Capital Adequacy Adjustment. If any Lender shall have determined that the
adoption, effectiveness, phase-in or applicability after the date hereof of any law, rule or
regulation (or any provision thereof) regarding capital adequacy, or any change therein or in the
interpretation or administration thereof by any governmental authority, central bank or comparable
agency charged with the interpretation or administration thereof, or compliance by any Lender (or
its applicable lending office) with any guideline, request or directive regarding capital adequacy
(whether or not having the force of law) of any such governmental authority, central bank or
comparable agency, has or would have the effect of reducing the rate of return on the capital of
such Lender or any corporation controlling such Lender as a consequence of, or with reference to,
such Lender’s Loans or Commitments or Letters of Credit or participations therein or other
obligations hereunder with respect to the Loans or the Letters of Credit to a level below that
which such Lender or such controlling corporation could have achieved but for such adoption,
effectiveness, phase-in, applicability, change or compliance (taking into consideration the
policies of such Lender or such controlling corporation with regard to capital adequacy), then from
time to time, within five Business Days after receipt by Company from such Lender of the statement
referred to in the next sentence, Company shall pay to such Lender such additional amount or
amounts as will compensate such Lender or such controlling corporation on an after-tax basis for
such reduction; provided that Company shall not be required to compensate a Lender pursuant to this
subsection for any reduction incurred more than 180 days prior to the date that such Lender
notifies Company of such change giving rise to such reduction and of such Lender’s intention to
claim compensation therefor; provided, further, that, if such change giving rise to such reduction
is retroactive, then the 180 day period referred to above shall be extended

 

 

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to include the period of retroactive effect thereof. Such Lender shall deliver to Company
(with a copy to Administrative Agent) a written statement, setting forth in reasonable detail the
basis of the calculation of such additional amounts, which statement shall be conclusive and
binding upon all parties hereto absent manifest error.

          D. Refund and Contest. If Administrative Agent or any Lender receives a refund with
respect to Tax deducted, withheld or paid by Company and with respect to which Company has been
required to and has paid an additional amount under this subsection 2.7, which in the good faith
judgment of such Lender is allocable to such deduction, withholding or payment, it shall promptly
pay such refund, together with any other amount paid by Company in connection with such refunded
Tax and any interest paid by the relevant governmental authority with respect to such refund, to
Company, net of all out-of-pocket expenses of such Lender incurred in obtaining such refund,
provided, however, that Company agrees to promptly return such refund to Administrative Agent or
the applicable Lender, as the case may be, if it receives notice from Administrative Agent or
applicable Lender that such Administrative Agent or Lender is required to repay such refund. Each
of Administrative Agent and such Lender agrees that it will contest such Tax or liabilities paid by
Company if Agent or such Lender determines, in its sole discretion, that it would not be materially
disadvantaged or prejudiced as a result of such contest.

          2.8.
Obligation of Lenders and Issuing Lenders to
Mitigate; Replacement

          A. Mitigation. Each Lender and Issuing Lender agrees that, as promptly as practicable
after the officer of such Lender or Issuing Lender responsible for administering the Loans or
Letters of Credit of such Lender or Issuing Lender, as the case may be, becomes aware of the
occurrence of an event or the existence of a condition that would cause such Lender to become an
Affected Lender or that would entitle such Lender or Issuing Lender to receive payments under
subsection 2.7 or subsection 3.6, it will, to the extent not inconsistent with the internal
policies of such Lender or Issuing Lender and any applicable legal or regulatory restrictions, use
reasonable efforts (i) to make, issue, fund or maintain the Commitments of such Lender or the
affected Loans or Letters of Credit of such Lender or Issuing Lender through another lending or
letter of credit office of such Lender or Issuing Lender, or (ii) take such other measures as such
Lender or Issuing Lender may deem reasonable, which may include assignment of its rights and
obligations hereunder to another of its offices, branches or affiliates, if as a result thereof the
circumstances which would cause such Lender to be an Affected Lender would cease to exist or the
additional amounts which would otherwise be required to be paid to such Lender or Issuing Lender
pursuant to subsection 2.7 or subsection 3.6 would be materially reduced and if, as determined by
such Lender or Issuing Lender in its sole discretion, the making, issuing, funding or maintaining
of such Commitments or Loans or Letters of Credit through such other lending or letter of credit
office or in accordance with such other measures, including assignment, as the case may be, would
not otherwise materially adversely affect such Commitments or Loans or Letters of Credit or the
interests of such Lender or Issuing Lender; provided that such Lender or

 

 

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Issuing Lender will not be obligated to utilize such other lending or letter of credit office
pursuant to this subsection 2.8 unless Company agrees to pay all reasonable incremental expenses
incurred by such Lender or Issuing Lender as a result of utilizing such other lending or letter of
credit office as described in clause (i) above. A certificate as to the amount of any such
expenses payable by Company pursuant to this subsection 2.8 (setting forth in reasonable detail the
basis for requesting such amount) submitted by such Lender or Issuing Lender to Company (with a
copy to Administrative Agent) shall be conclusive absent manifest error.

          B. Replacement. In the event of (a) a refusal by a Lender to consent to a proposed
change, waiver, discharge or termination with respect to this Agreement which has been approved by
Requisite Lenders (but requires consent of all Lenders) as provided in subsection 10.6, (b) any
Lender becomes an Affected Lender or requests compensation under subsection 2.7A, 2.7C or 3.6, (c)
Company is required to pay any additional amount to any Lender or any governmental authority for
the account of any Lender pursuant to subsection 2.7B, or (d) any Lender defaults in its obligation
to fund Loans hereunder, then Company may, at its sole expense and effort, replace such Lender (a
“Replaced Lender”) with one or more Eligible Assignees (collectively, the “Replacement
Lender”) reasonably acceptable to Administrative Agent, provided that (i) at the time of any
replacement pursuant to this subsection 2.8 the Replacement Lender shall enter into one or more
Assignment Agreements pursuant to subsection 10.1B (and with all fees payable pursuant to such
subsection 10.1B to be paid by the Replacement Lender) pursuant to which the Replacement Lender
shall acquire all of the outstanding Loans and Commitments of, and in each case participations in
Letters of Credit and Swing Line Loans by, the Replaced Lender and, in connection therewith, shall
pay to (x) the Replaced Lender in respect thereof an amount equal to the sum of (A) an amount equal
to the principal of, and all accrued interest on, all outstanding Loans of the Replaced Lender, (B)
an amount equal to all unpaid drawings with respect to Letters of Credit that have been funded by
(and not reimbursed to) such Replaced Lender, together with all then unpaid interest with respect
thereto at such time and (C) an amount equal to all accrued, but theretofore unpaid, fees owing to
the Replaced Lender with respect thereto, (y) the appropriate Issuing Lender an amount equal to
such Replaced Lender’s Pro Rata Share of any unpaid drawings with respect to Letters of Credit
(which at such time remains an unpaid drawing) issued by it to the extent such amount was not
theretofore funded by such Replaced Lender, and (z) Swing Line Lender an amount equal to such
Replaced Lender’s Pro Rata Share of any Refunded Swing Line Loans to the extent such amount was not
theretofore funded by such Replaced Lender, and (ii) all obligations (including without limitation
all such amounts, if any, owing under subsection 2.6D) of Company owing to the Replaced Lender
(other than those specifically described in clause (i) above in respect of which the assignment
purchase price has been, or is concurrently being, paid), shall be paid in full to such Replaced
Lender concurrently with such replacement. Upon the execution of the respective Assignment
Agreements and the acceptance thereof by Administrative Agent pursuant to subsection 10.1B, the
payment of amounts referred to in clauses (i) and (ii) above and, if so requested by the
Replacement Lender, delivery to the Replacement Lender of the appropriate Note or Notes executed by
Company, the Replacement Lender shall become a Lender hereunder and the Replaced Lender shall cease
to constitute a Lender hereunder except with respect to indemnification provisions under this

 

 

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Agreement which by the terms of this Agreement survive the termination of this Agreement,
which indemnification provisions shall survive as to such Replaced Lender. Notwithstanding
anything to the contrary contained above, no Issuing Lender may be replaced hereunder at any time
while it has Letters of Credit outstanding hereunder unless arrangements satisfactory to such
Issuing Lender (including the furnishing of a Standby Letter of Credit in form and substance, and
issued by an issuer satisfactory to such Issuing Lender or the furnishing of cash collateral in
amounts and pursuant to arrangements satisfactory to such Issuing Lender) have been made with
respect to such outstanding Letters of Credit. A Lender shall not be required to make any such
assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise,
the circumstances entitling Company to require such assignment and delegation cease to apply.

SECTION 3.

LETTERS OF CREDIT

	 	3.1.	 	Issuance of Letters of Credit and Lenders’
Purchase of Participations Therein

          A. Letters of Credit. In addition to Company requesting that Revolving Lenders make
Revolving Loans pursuant to subsection 2.1A(ii) and that Swing Line Lender make Swing Line Loans
pursuant to subsection 2.1A(iii), Company may request, in accordance with the provisions of this
subsection 3.1, from time to time during the period from the Closing Date to but excluding the date
that is 30 days prior to the Revolving Loan Commitment Termination Date, that one or more Revolving
Lenders issue Letters of Credit for the account of Company. Subject to the terms and conditions of
this Agreement and in reliance upon the representations and warranties of Company herein set forth,
any one or more Revolving Lenders may, but (except as provided in subsection 3.1B(ii)) shall not be
obligated to, issue such Letters of Credit in accordance with the provisions of this subsection
3.1; provided that such Letters of Credit shall be issued on a sight basis only and Company shall
not request that any Revolving Lender issue (and no Revolving Lender shall issue):

     (i) any Letter of Credit if, after giving effect to such issuance, the Total
Utilization of Revolving Loan Commitments would exceed the Revolving Loan Commitments then
in effect;

     (ii) any Letter of Credit if, after giving effect to such issuance, the Letter of
Credit Usage would exceed $200,000,000;

     (iii) any Letter of Credit denominated in a currency other than Dollars; or

     (iv) any Letter of Credit having an expiration date later than the earlier of (a) the
date that is five Business Days prior to the Revolving Loan Commitment Termination Date and
(b) the date which is one year from the date of issuance of such Letter of Credit;

 

 

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provided that the immediately preceding clause (b) shall not prevent any Issuing Lender
from agreeing that a Letter of Credit will automatically be extended for one or more
successive periods not to exceed one year each unless such Issuing Lender elects not to
extend for any such additional period; and provided, further, that such Issuing Lender shall
elect not to extend such Letter of Credit if it has knowledge that an Event of Default or
Potential Event of Default has occurred and is continuing (and has not been waived in
accordance with subsection 10.6) at the time such Issuing Lender must elect whether or not
to allow such extension.

          B. Mechanics of Issuance.

          (i) Notice of Issuance. Whenever Company desires the issuance of a Letter of Credit,
it shall deliver to the proposed Issuing Lender and Administrative Agent a Notice of Request to
Issue Letter of Credit in the form of Exhibit III annexed hereto no later than 12:00 Noon
(New York City time) at least three Business Days or in each case such shorter period as may be
agreed to by the proposed Issuing Lender in any particular instance, in advance of the proposed
date of issuance. The Notice of Request to Issue Letter of Credit shall specify (a) the proposed
date of issuance (which shall be a Business Day), (b) the face amount of the Letter of Credit, (c)
the expiration date of the Letter of Credit, (d) the name and address of the beneficiary, and (e)
either the verbatim text of the proposed Letter of Credit or the proposed terms and conditions
thereof, including a precise description of any documents to be presented by the beneficiary which,
if presented by the beneficiary prior to the expiration date of the Letter of Credit, would require
the Issuing Lender to make payment under the Letter of Credit; provided that the Issuing Lender, in
its reasonable discretion, may require changes in the text of the proposed Letter of Credit or any
such documents.

          Company shall notify the applicable Issuing Lender (and Administrative Agent, if
Administrative Agent is not such Issuing Lender) prior to the issuance of any Letter of Credit in
the event that any of the matters to which Company is required to certify in the applicable Notice
of Request to Issue Letter of Credit is no longer true and correct as of the proposed date of
issuance of such Letter of Credit, and upon the issuance of any Letter of Credit Company shall be
deemed to have re-certified, as of the date of such issuance, as to the matters to which Company is
required to certify in the applicable Notice of Request to Issue Letter of Credit.

          The existing Letters of Credit identified on Schedule 3.1B(i) shall be deemed issued
under and pursuant to this subsection 3.1B(i) and shall be treated as Letters of Credit for all
purposes under this Agreement.

          (ii) Determination of Issuing Lender. Upon receipt by a proposed Issuing Lender and
Administrative Agent of a Notice of Request to Issue Letter of Credit pursuant to subsection
3.1B(i) requesting the issuance of a Letter of Credit, any Revolving Lender so requested to issue
such Letter of Credit shall promptly notify Company and Administrative Agent whether or not, in its
sole discretion, it has elected to issue such Letter of Credit, and any such Revolving Lender which
so elects to issue such Letter of Credit shall be the Issuing Lender with

 

 

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respect thereto. In the event that the proposed Issuing Lender selected by Company with
respect to any Letter of Credit shall have declined to issue such Letter of Credit, Administrative
Agent shall be obligated to issue such Letter of Credit and shall be the Issuing Lender with
respect thereto, notwithstanding the fact that the Letter of Credit Usage with respect to such
Letter of Credit and with respect to all other Letters of Credit issued by Administrative Agent,
when aggregated with Administrative Agent’s outstanding Revolving Loans and Swing Line Loans, may
exceed Administrative Agent’s Revolving Loan Commitment then in effect, but not in excess of the
amount set forth in Section 3.1A(ii).

          (iii) Issuance of Letter of Credit. Upon satisfaction or waiver (in accordance with
subsection 10.6) of the conditions set forth in subsection 4.3, the Issuing Lender shall issue the
requested Letter of Credit in accordance with the Issuing Lender’s standard operating procedures.

          (iv) Notification to Revolving Lenders. Upon the issuance of any Letter of Credit the
applicable Issuing Lender shall promptly notify Administrative Agent and each other Revolving
Lender of such issuance, which notice shall be accompanied by a copy of such Letter of Credit.
Promptly after receipt of such notice (or, if Administrative Agent is the Issuing Lender, together
with such notice), Administrative Agent shall notify each Revolving Lender of the amount of such
Revolving Lender’s respective participation in such Letter of Credit, determined in accordance with
subsection 3.1C.

          (v) Reports to Revolving Lenders. Within 5 days after the end of each calendar
quarter ending after the Closing Date, so long as any Letter of Credit shall have been outstanding
during such calendar quarter, each Issuing Lender shall deliver to Administrative Agent a report
setting forth for such calendar quarter the daily aggregate amount available to be drawn under the
Letters of Credit issued by such Issuing Lender that were outstanding during such calendar quarter.

          C. Revolving Lenders’ Purchase of Participations in Letters of Credit. Immediately
upon the issuance of each Letter of Credit, each Revolving Lender shall be deemed to, and hereby
agrees to, have irrevocably purchased from the Issuing Lender a participation in such Letter of
Credit and any drawings honored thereunder in an amount equal to such Revolving Lender’s Pro Rata
Share of the maximum amount which is or at any time may become available to be drawn thereunder.

          3.2. Letter of Credit Fees

          Company agrees to pay the following amounts with respect to Letters of Credit issued
hereunder:

     (i) with respect to each Letter of Credit, (a) a fronting fee, payable directly to the
applicable Issuing Lender for its own account, equal to 0.125% per annum of the daily amount
available to be drawn under such Letter of Credit and (b) a letter of credit

 

 

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fee, payable to Administrative Agent for the account of Revolving Lenders, equal to the
applicable Eurodollar Rate Margin for Revolving Loans per annum of the daily amount
available to be drawn under such Letter of Credit, each such fronting fee and letter of
credit fee to be payable in arrears on and to (but excluding) the last Business Day of
March, June, September and December of each year and computed on the basis of a 360 day year
for the actual number of days elapsed;

     (ii) with respect to the issuance, amendment or transfer of each Letter of Credit and
each payment of a drawing made thereunder (without duplication of the fees payable under
clauses (a) and (b) above), documentary and processing charges payable directly to the
applicable Issuing Lender for its own account in accordance with such Issuing Lender’s
standard schedule for such charges in effect at the time of such issuance, amendment,
transfer or payment, as the case may be.

          For purposes of calculating any fees payable under clause (i) of this subsection 3.2, the
daily amount available to be drawn under any Letter of Credit shall be determined as of the close
of business on any date of determination. Promptly upon receipt by Administrative Agent of any
amount described in clause (i)(b) of this subsection 3.2, Administrative Agent shall distribute to
each Revolving Lender its Pro Rata Share of such amount.

	 	3.3.	 	Drawings and Reimbursement of Amounts Paid
Under Letters of Credit

          A. Responsibility of Issuing Lender With Respect to Drawings. In determining whether
to honor any drawing under any Letter of Credit by the beneficiary thereof, the Issuing Lender
shall be responsible only to examine the documents delivered under such Letter of Credit with
reasonable care so as to ascertain whether they appear on their face to be in accordance with the
terms and conditions of such Letter of Credit.

          B. Reimbursement by Company of Amounts Paid Under Letters of Credit. In the event an
Issuing Lender has determined to honor a drawing under a Letter of Credit issued by it, such
Issuing Lender shall immediately notify Company and Administrative Agent, and Company shall
reimburse such Issuing Lender on or before the Business Day immediately following the date on which
such drawing is honored (the “Reimbursement Date”) in an amount in Dollars and in same day
funds equal to the amount of such honored drawing; provided that, anything contained in this
Agreement to the contrary notwithstanding, (i) unless Company shall have notified Administrative
Agent and such Issuing Lender prior to 12:00 Noon (New York City time) on the Business Day
following the date such drawing is honored that Company intends to reimburse such Issuing Lender
for the amount of such honored drawing with funds other than the proceeds of Revolving Loans,
Company shall be deemed to have given a timely Notice of Borrowing to Administrative Agent
requesting Revolving Lenders to make Revolving Loans that are Alternate Base Rate Loans on the
Reimbursement Date in an amount in Dollars equal to the amount of such honored drawing and (ii)
subject to satisfaction or waiver of the conditions specified in subsection 4.2B, Revolving Lenders
shall, on the Reimbursement Date, make Revolving

 

 

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Loans that are Alternate Base Rate Loans in the amount of such honored drawing, the proceeds
of which shall be applied directly by Administrative Agent to reimburse such Issuing Lender for the
amount of such honored drawing; and provided, further that if for any reason proceeds of Revolving
Loans are not received by such Issuing Lender on the Reimbursement Date in an amount equal to the
amount of such honored drawing, Company shall reimburse such Issuing Lender, on demand, in an
amount in same day funds equal to the excess of the amount of such honored drawing over the
aggregate amount of such Revolving Loans, if any, which are so received. Nothing in this
subsection 3.3B shall be deemed to relieve any Revolving Lender from its obligation to make
Revolving Loans on the terms and conditions set forth in this Agreement, and Company shall retain
any and all rights it may have against any Revolving Lender resulting from the failure of such
Revolving Lender to make such Revolving Loans under this subsection 3.3B.

          C. Payment by Revolving Lenders of Unreimbursed Amounts Paid Under Letters of Credit.

          (i) Payment by Revolving Lenders. In the event that Company shall fail for any reason
to reimburse any Issuing Lender as provided in subsection 3.3B in an amount equal to the amount of
any drawing honored by such Issuing Lender under a Letter of Credit issued by it, such Issuing
Lender shall promptly notify the Administrative Agent, who shall notify each other Revolving Lender
of the unreimbursed amount of such honored drawing and of such other Revolving Lender’s respective
participation therein based on such Revolving Lender’s Pro Rata Share. Each Revolving Lender shall
make available to such Issuing Lender an amount equal to its respective participation, in Dollars
and in same day funds, at the office of such Issuing Lender specified in such notice, not later
than 12:00 Noon (New York City time) on the first business day (under the laws of the jurisdiction
in which such office of such Issuing Lender is located) after the date notified by such Issuing
Lender. In the event that any Revolving Lender fails to make available to such Issuing Lender on
such business day the amount of such Revolving Lender’s participation in such Letter of Credit as
provided in this subsection 3.3C, such Issuing Lender shall be entitled to recover such amount on
demand from such Revolving Lender together with interest thereon at the rate customarily used by
such Issuing Lender for the correction of errors among banks for three Business Days and thereafter
at the Alternate Base Rate. Nothing in this subsection 3.3C shall be deemed to prejudice the right
of any Revolving Lender to recover from any Issuing Lender any amounts made available by such
Revolving Lender to such Issuing Lender pursuant to this subsection 3.3C in the event that it is
determined by the final judgment of a court of competent jurisdiction that the payment with respect
to a Letter of Credit by such Issuing Lender in respect of which payment was made by such Revolving
Lender constituted gross negligence or willful misconduct on the part of such Issuing Lender.

          (ii) Distribution to Revolving Lenders of Reimbursements Received From Company. In
the event any Issuing Lender shall have been reimbursed by other Revolving Lenders pursuant to
subsection 3.3C(i) for all or any portion of any drawing honored by such Issuing Lender under a
Letter of Credit issued by it, such Issuing Lender shall distribute to the

 

 

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Administrative Agent, who shall distribute to each other Revolving Lender which has paid all
amounts payable by it under subsection 3.3C(i) with respect to such honored drawing such other
Revolving Lender’s Pro Rata Share of all payments subsequently received by such Issuing Lender from
Company in reimbursement of such honored drawing when such payments are received. Any such
distribution shall be made to a Revolving Lender at its primary address set forth below its name on
the appropriate signature page hereof or at such other address as such Revolving Lender may
request.

          D. Interest on Amounts Paid Under Letters of Credit.

          (i) Payment of Interest by Company. Company agrees to pay to each Issuing Lender,
with respect to drawings honored under any Letters of Credit issued by it, interest on the amount
paid by such Issuing Lender in respect of each such honored drawing from the date such drawing is
honored to but excluding the date such amount is reimbursed by Company (including any such
reimbursement out of the proceeds of Revolving Loans pursuant to subsection 3.3B) at a rate equal
to (a) for the period from the date such drawing is honored to but excluding the Reimbursement
Date, the rate then in effect under this Agreement with respect to Revolving Loans that are
Alternate Base Rate Loans and (b) thereafter, a rate which is 2% per annum in excess of the rate of
interest otherwise payable under this Agreement with respect to Revolving Loans that are Alternate
Base Rate Loans. Interest payable pursuant to this subsection 3.3D(i) shall be computed on the
basis of a 365 or 366 day year for the actual number of days elapsed in the period during which it
accrues and shall be payable on demand or, if no demand is made, on the date on which the related
drawing under a Letter of Credit is reimbursed in full.

          (ii) Distribution of Interest Payments by Issuing Lender. Promptly upon receipt by
any Issuing Lender of any payment of interest pursuant to subsection 3.3D(i) with respect to a
drawing honored under a Letter of Credit issued by it, (a) such Issuing Lender shall distribute to
the Administrative Agent, who shall distribute each other Revolving Lender, out of the interest
received by such Issuing Lender in respect of the period from the date such drawing is honored to
but excluding the date on which such Issuing Lender is reimbursed for the amount of such drawing
(including any such reimbursement out of the proceeds of Revolving Loans pursuant to subsection
3.3B), the amount that such other Revolving Lender would have been entitled to receive in respect
of the letter of credit fee that would have been payable in respect of such Letter of Credit for
such period pursuant to subsection 3.2 if no drawing had been honored under such Letter of Credit,
and (b) in the event such Issuing Lender shall have been reimbursed by other Revolving Lenders
pursuant to subsection 3.3C(i) for all or any portion of such honored drawing, such Issuing Lender
shall distribute to the Administrative Agent, who shall distribute to each other Revolving Lender
which has paid all amounts payable by it under subsection 3.3C(i) with respect to such honored
drawing such other Revolving Lender’s Pro Rata Share of any interest received by such Issuing
Lender in respect of that portion of such honored drawing so reimbursed by other Revolving Lenders
for the period from the date on which such Issuing Lender was so reimbursed by other Revolving
Lenders to but excluding the date on which such portion of such honored drawing is reimbursed by
Company. Any such distribution shall be made to a

 

 

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Revolving Lender at its primary address set forth below its name on the appropriate signature
page hereof or at such other address as such Revolving Lender may request.

          3.4. Obligations Absolute

          The obligation of Company to reimburse each Issuing Lender for drawings honored under the
Letters of Credit issued by it and to repay any Revolving Loans made by Revolving Lenders pursuant
to subsection 3.3B and the obligations of Revolving Lenders under subsection 3.3C(i) shall be
unconditional and irrevocable and shall be paid strictly in accordance with the terms of this
Agreement under all circumstances including any of the following circumstances:

     (i) any lack of validity or enforceability of any Letter of Credit;

     (ii) the existence of any claim, set-off, defense or other right which Company or any
Revolving Lender may have at any time against a beneficiary or any transferee of any Letter
of Credit (or any Persons for whom any such transferee may be acting), any Issuing Lender or
other Revolving Lender or any other Person or, in the case of a Revolving Lender, against
Company, whether in connection with this Agreement, the transactions contemplated herein or
any unrelated transaction (including any underlying transaction between Company or one of
its Subsidiaries and the beneficiary for which any Letter of Credit was procured);

     (iii) any draft or other document presented under any 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;

     (iv) payment by the applicable Issuing Lender under any Letter of Credit against
presentation of a draft or other document which does not substantially comply with the terms
of such Letter of Credit;

     (v) any adverse change in the business, operations, properties, assets, condition
(financial or otherwise) or prospects of Company or any of its Subsidiaries;

     (vi) any breach of this Agreement or any other Loan Document by any party thereto;

     (vii) any other circumstance or happening whatsoever, whether or not similar to any of
the foregoing; or

     (viii) the fact that an Event of Default or a Potential Event of Default shall have
occurred and be continuing;

 

 

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provided, in each case, that payment by the applicable Issuing Lender under the applicable Letter
of Credit shall not have constituted gross negligence or willful misconduct of such Issuing Lender
under the circumstances in question (as determined by a final judgment of a court of competent
jurisdiction).

	 	3.5.	 	Indemnification; Nature of Issuing Lenders’
Duties

          A. Indemnification. In addition to amounts payable as provided in subsection 3.6,
Company hereby agrees to protect, indemnify, pay and save harmless each Issuing Lender from and
against any and all claims, demands, liabilities, damages, losses, costs, charges and expenses
(including reasonable fees, expenses and disbursements of counsel and allocated costs of internal
counsel) which such Issuing Lender may incur or be subject to as a consequence, direct or indirect,
of (i) the issuance of any Letter of Credit by such Issuing Lender, other than as a result of (a)
the gross negligence or willful misconduct of such Issuing Lender as determined by a final judgment
of a court of competent jurisdiction or (b) subject to the following clause (ii), the wrongful
dishonor by such Issuing Lender of a proper demand for payment made under any Letter of Credit
issued by it or (ii) the failure of such Issuing Lender to honor a drawing under any such Letter of
Credit as a result of any act or omission, whether rightful or wrongful, of any present or future
de jure or de facto government or governmental authority (all such acts or omissions herein called
“Governmental Acts”). Each Revolving Lender, in proportion to its Pro Rata Share,
severally agrees to indemnify the Issuing Bank to the extent not reimbursed by the Company in
accordance with this Section 3.5A.

          B. Nature of Issuing Lenders’ Duties. As between Company and any Issuing Lender,
Company assumes all risks of the acts and omissions of, or misuse of the Letters of Credit issued
by such Issuing Lender by, the respective beneficiaries of such Letters of Credit. In furtherance
and not in limitation of the foregoing, such Issuing Lender shall not be responsible for: (i) the
form, validity, sufficiency, accuracy, genuineness or legal effect of any document submitted by any
party in connection with the application for and issuance of any such Letter of Credit, even if it
should in fact prove to be in any or all respects invalid, insufficient, inaccurate, fraudulent or
forged; (ii) the validity or sufficiency of any instrument transferring or assigning or purporting
to transfer or assign any such 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; (iii)
failure of the beneficiary of any such Letter of Credit to comply fully with any conditions
required in order to draw upon such Letter of Credit; (iv) errors, omissions, interruptions or
delays in transmission or delivery of any messages, by mail, cable, telegraph, telex or otherwise,
whether or not they be in cipher; (v) errors in interpretation of technical terms; (vi) any loss or
delay in the transmission or otherwise of any document required in order to make a drawing under
any such Letter of Credit or of the proceeds thereof; (vii) the misapplication by the beneficiary
of any such Letter of Credit of the proceeds of any drawing under such Letter of Credit; or (viii)
any consequences arising from causes beyond the control of such Issuing Lender, including any
Governmental Acts, and none of the above shall affect or impair, or prevent the vesting of, any of
such Issuing Lender’s rights or powers hereunder.

 

 

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          In furtherance and extension and not in limitation of the specific provisions set forth in the
first paragraph of this subsection 3.5B, any action taken or omitted by any Issuing Lender under or
in connection with the Letters of Credit issued by it or any documents and certificates delivered
thereunder, if taken or omitted in good faith, shall not put such Issuing Lender under any
resulting liability to Company, except for liability arising solely out of the gross negligence or
willful misconduct of such Issuing Lender, as determined by a final judgment of a court of
competent jurisdiction.

	 	3.6.	 	Increased Costs and Taxes Relating to
Letters of Credit

          Subject to the provisions of subsection 2.7B (which shall be controlling with respect to the
matters covered thereby), in the event that any Issuing Lender or Revolving Lender shall determine
(which determination shall, absent manifest error, be final and conclusive and binding upon all
parties hereto) that any law, treaty or governmental rule, regulation or order, or any change
therein or in the interpretation, administration or application thereof (including the introduction
of any new law, treaty or governmental rule, regulation or order), or any determination of a court
or governmental authority, in each case that becomes effective after the date hereof, or compliance
by any Issuing Lender or Revolving Lender with any guideline, request or directive issued or made
after the date hereof by any central bank or other governmental or quasi-governmental authority
(whether or not having the force of law):

     (i) subjects such Issuing Lender or Revolving Lender (or its applicable lending or
letter of credit office) to any additional Tax (other than any Tax on the overall net income
of such Issuing Lender or Revolving Lender) with respect to the issuing or maintaining of
any Letters of Credit or the purchasing or maintaining of any participations therein or any
other obligations under this Section 3, whether directly or by such being imposed on or
suffered by any particular Issuing Lender;

     (ii) imposes, modifies or holds applicable any reserve (including any marginal,
emergency, supplemental, special or other reserve), special deposit, compulsory loan, FDIC
insurance or similar requirement in respect of any Letters of Credit issued by any Issuing
Lender or participations therein purchased by any Revolving Lender; or

     (iii) imposes any other condition (other than with respect to a Tax matter) on or
affecting such Issuing Lender or Revolving Lender (or its applicable lending or letter of
credit office) regarding this Section 3 or any Letter of Credit or any participation
therein; and the result of any of the foregoing is to increase the cost to such Issuing
Lender or Revolving Lender of agreeing to issue, issuing or maintaining any Letter of Credit
or agreeing to purchase, purchasing or maintaining any participation therein or to reduce
any amount received or receivable by such Issuing Lender or Revolving Lender (or its
applicable lending or letter of credit office) with respect thereto; then, in any case,
Company shall promptly pay to such Issuing Lender or Revolving Lender, upon receipt of the
statement referred to in the next sentence, such additional amount or amounts as may be
necessary to compensate such Issuing Lender or Revolving Lender for any such

 

 

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increased cost or reduction in amounts received or receivable hereunder; provided that
Company shall not be required to compensate a Lender pursuant to this subsection for any
increased cost or reduction incurred more than 180 days prior to the date that such Lender
notifies Company of such change giving rise to such increased cost or reduction and of such
Lender’s intention to claim compensation therefor; provided further that, if such change
giving rise to such increased cost or reduction is retroactive, then the 180 day period
referred to above shall be extended to include the period of retroactive effect thereof.
Such Issuing Lender or Revolving Lender shall deliver to Company (with a copy to
Administrative Agent) a written statement, setting forth in reasonable detail the basis for
calculating the additional amounts owed to such Issuing Lender or Revolving Lender under
this subsection 3.6, which statement shall be conclusive and binding upon all parties hereto
absent manifest error.

SECTION 4.

CONDITIONS TO LOANS AND LETTERS OF CREDIT

          The obligations of Lenders to make Loans and the issuance of Letters of Credit hereunder are
subject to the satisfaction of the following conditions.

	 	4.1.	 	Conditions to Term Loans and Initial Revolving
Loans and Swing Line Loans and Letters of Credit

          The obligations of Lenders to make the Term Loans and any Revolving Loans and Swing Line Loans
to be made on the Closing Date or issue Letters of Credit on the Closing Date are, in addition to
the conditions precedent specified in subsection 4.2, subject to prior or concurrent satisfaction
of each of the following conditions:

     A. Loan Documents. On or before the Closing Date, Company shall, and shall
cause each other Loan Party to, deliver to Administrative Agent for Lenders (to be followed,
promptly after the Closing Date, by sufficient originally executed copies, where
appropriate, for each Lender and its counsel) the following with respect to Company or such
Loan Party, as the case may be, each, unless otherwise noted, dated the Closing Date:

     (i) Certified copies of the Certificate or Articles of Incorporation (or
equivalent organizational documents) of such Person, together with a good standing
certificate from the Secretary of State of its jurisdiction of organization and, to
the extent generally available, a certificate or other evidence of good standing as
to payment of any applicable franchise or similar taxes from the appropriate taxing
authority of such jurisdiction, each dated a recent date prior to the Closing Date;

 

 

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     (ii) Copies of the Bylaws (or equivalent organizational documents) of such
Person, certified as of the Closing Date by such Person’s secretary or an assistant
secretary or an equivalent officer;

     (iii) Resolutions of the Board of Directors or managing member of such Person
approving and authorizing the execution, delivery and performance of the Loan
Documents to which it is a party, certified as of the Closing Date by the secretary
or an assistant secretary of such Person as being in full force and effect without
modification or amendment;

     (iv) Signature and incumbency certificates of the officers of such Person
executing the Loan Documents to which it is a party; and

     (v) Executed originals of the Loan Documents to which such Person is a party
(including, without limitation, Subsidiary Guaranties executed and delivered by the
existing Domestic Subsidiaries of Company on the Closing Date (other than Exempt
Subsidiaries)).

     B. No Material Adverse Effect. Since December 31, 2004, no event or events,
adverse condition or change in or affecting Company that, individually or in the aggregate,
could reasonably be expected to have a Material Adverse Effect shall have occurred.

     C. Termination of Existing Credit Agreement and Related Liens. On the Closing
Date, Company and its Subsidiaries shall have (or shall direct that the proceeds of the
Loans made on the Closing Date be applied to) (i) repaid in full all Indebtedness
outstanding under the Existing Credit Agreement; (ii) consummated the Priority Refinancing;
(iii) terminated any commitments to lend or make other extensions of credit thereunder; and
(iv) delivered to Administrative Agent all documents or instruments necessary to release all
Liens securing Indebtedness or other obligations of Company and its Subsidiaries thereunder.

     D. Consummation of Priority Acquisition. On the Closing the Date, the Priority
Acquisition shall be consummated in accordance with the terms of the Priority Merger
Agreement in all material respects and in accordance with applicable law. The Priority
Merger Agreement shall not have been altered, amended or otherwise changed or supplemented
in any material respect, or any material condition therein waived, without the prior written
consent of the Lead Arrangers. The Administrative Agent shall have received a copy,
certified by a chief executive officer, chief financial officer, president, vice president,
treasurer or secretary of the Company as true and complete, of the Priority Merger Agreement
as originally executed and delivered, together with all exhibits and schedules.

 

 

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     E. Opinions of Counsel to Loan Parties. Agents shall have received originally
executed copies of one or more favorable written opinions of (A) Thomas M. Boudreau, general
counsel of Company, (B) Simpson Thacher & Bartlett LLP, special New York counsel for Loan
Parties, (C) Drinker Biddle & Reath LLP, special New Jersey and Pennsylvania counsel for
Loan Parties, (D) Baker & Hostetler LLP, special Florida counsel for Loan Parties and (E)
Barnes & Thornburg LLP, special Indiana counsel for Loan Parties, each in form and substance
reasonably satisfactory to Agents and their counsel, dated as of the Closing Date and
setting forth substantially the matters in the opinions designated in Exhibits
VIII-A, VIII-B, VIII-C, VIII-D, and VIII-E annexed hereto
and as to such other matters as Agents acting on behalf of Lenders may reasonably request.

     F. Opinions of Agents’ Counsel. Lenders shall have received originally
executed copies of one or more favorable written opinions of Cahill Gordon & Reindel
llp, counsel to Agents, dated as of the Closing Date, substantially in the form of
Exhibit IX annexed hereto and as to such other matters as Agents acting on behalf of
Lenders may reasonably request.

     G. Fees and Expenses. Company shall have paid to Administrative Agent, for
distribution (as appropriate) to Agents and Lenders, the fees payable on the Closing Date
referred to in subsection 2.3 and the expenses referred to in subsection 10.2 for which
invoices have been received prior to the Closing Date.

     H. Representations and Warranties; Performance of Agreements. Company shall
have delivered to Agents an Officers’ Certificate, in form and substance reasonably
satisfactory to Agents, to the effect that the representations and warranties in Section 5
hereof are true, correct and complete in all material respects on and as of the Closing Date
to the same extent as though made on and as of that date (or, to the extent such
representations and warranties specifically relate to an earlier date, that such
representations and warranties were true, correct and complete in all material respects on
and as of such earlier date) and that Company shall have performed in all material respects
all agreements and satisfied all conditions which this Agreement provides shall be performed
or satisfied by it on or before the Closing Date except as otherwise disclosed to and agreed
to in writing by Agents.

     I. Completion of Proceedings. All corporate and other proceedings taken or to
be taken in connection with the transactions contemplated hereby shall be reasonably
satisfactory in form and substance to Agents and such counsel, and Agents and such counsel
shall have received all such counterpart originals or certified copies of such documents as
Agents may reasonably request.

     J. Certain Approvals. All material governmental and third party approvals
necessary in connection with the Transactions and the financings contemplated thereby shall
have been obtained and be in full force and effect and there shall be no litigation,

 

 

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governmental, administrative or judicial action, actual or threatened, that could
reasonably be expected to have a Material Adverse Effect on Company and its Subsidiaries,
taken as a whole, or the Transactions.

     K. Financial Information. Company shall have delivered to Agents and the
Lenders: financial statements of Company and its Subsidiaries and Priority and its
Subsidiaries (including notes thereto), consisting of (a) consolidated audited balance
sheets for the fiscal years ended December 31, 2002, December 31, 2003 and December 31,
2004, (b) consolidated audited statements of operations and cash flows for the fiscal years
ended December 31, 2002, December 31, 2003 and December 31, 2004 and (c) consolidated
unaudited balance sheets as of the end of the quarterly periods ending at least 45 days
prior to the Closing Date and consolidated unaudited statements of operations, income and
cash flows for each such quarterly period and, in each case for the same quarterly periods
during fiscal 2004, prepared in each case in the same manner as the historical audited
statements. In addition, the Lead Arrangers shall have received financial projections of
balance sheets and statements of income and cash flow (including the related assumptions)
after giving pro forma effect to the Transactions of Company and its Subsidiaries and
Priority and its Subsidiaries for the years 2005 through 2010, in form and substance
reasonably satisfactory to the Lead Arrangers.

     L. Know Your Customer and Anti-Money Laundering Rules. The Lenders shall have
received, at least five Business Days in advance of the Closing Date, all documentation and
other information required by bank regulatory authorities and requested by the Lenders under
applicable “know your customer” and anti-money laundering rules and regulations, including,
without limitation, the U.S.A. Patriot Act.

     4.2. Conditions to All Loans

          The obligations of Lenders to make Loans on each Funding Date are subject to the following
further conditions precedent:

     A. Administrative Agent shall have received before that Funding Date, in accordance
with the provisions of subsection 2.1B, an originally executed Notice of Borrowing, in each
case signed by the chief financial officer or the treasurer or controller of Company or by
any officer of Company designated by any of the above-described officers on behalf of
Company in a writing delivered to Administrative Agent.

     B. As of that Funding Date:

     (i) The representations and warranties contained herein and in the other Loan
Documents shall be true, correct and complete in all material respects on and as of
that Funding Date to the same extent as though made on and as of that date, except
to the extent such representations and warranties specifically relate to an earlier
date, in which case such representations and warranties shall

 

 

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have been true, correct and complete in all material respects on and as of such
earlier date; and

     (ii) No event shall have occurred and be continuing or would result from the
consummation of the borrowing contemplated by such Notice of Borrowing that would
constitute an Event of Default or a Potential Event of Default.

          4.3. Conditions to Letters of Credit

          The issuance of any Letter of Credit hereunder (whether or not the applicable Issuing Lender
is obligated to issue such Letter of Credit) is subject to the following conditions precedent:

     A. On or before the date of issuance of the initial Letter of Credit pursuant to this
Agreement, the initial Loans shall have been made.

     B. On or before the date of issuance of such Letter of Credit, Administrative Agent
shall have received, in accordance with the provisions of subsection 3.1B(i), an originally
executed Notice of Request to Issue Letter of Credit, in each case signed by the chief
financial officer or the treasurer or controller of Company or by any officer of Company
designated by any of the above-described officers on behalf of Company in a writing
delivered to Administrative Agent, together with all other information specified in
subsection 3.1B(i).

     C. On the date of issuance of such Letter of Credit, all conditions precedent described
in subsection 4.2B shall be satisfied to the same extent as if the issuance of such Letter
of Credit were the making of a Loan and the date of issuance of such Letter of Credit were a
Funding Date.

SECTION 5.

COMPANY’S REPRESENTATIONS AND WARRANTIES

          In order to induce Lenders to enter into this Agreement and to make the Loans, to induce
Issuing Lenders to issue Letters of Credit and to induce other Lenders to purchase participations
therein, Company represents and warrants to each Lender (both before and after giving effect to the
Refinancing and the transactions in connection therewith), on the date of this Agreement, on each
Funding Date and on the date of issuance of each Letter of Credit, that the following statements
are true, correct and complete:

 

 

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5.1. Organization, Powers, Qualification, Good
Standing, Business and Subsidiaries

          A. Organization and Powers. Each Loan Party is duly organized, validly existing and
in good standing under the laws of its jurisdiction of organization as specified in Schedule
5.1 annexed hereto. Each Loan Party has all requisite corporate or other power and authority
to own and operate its properties, to carry on its business as now conducted and as proposed to be
conducted, to enter into the Loan Documents to which it is a party and to carry out the
transactions contemplated thereby.

          B. Qualification and Good Standing. Each Loan Party is qualified to do business and
in good standing in every jurisdiction where its assets are located and wherever necessary to carry
out its business and operations, except in jurisdictions where the failure to be so qualified or in
good standing has not had and could not reasonably be expected to have a Material Adverse Effect.

          C. Conduct of Business. Company and its Subsidiaries are engaged only in the
businesses permitted to be engaged in pursuant to subsection 7.10.

          D. Subsidiaries. All of the Subsidiaries of Company are identified in Schedule
5.1 annexed hereto, as said Schedule 5.1 may be supplemented from time to time pursuant
to the provisions of subsection 6.1(xi). The capital stock or other interests of each of the
Subsidiaries of Company identified in Schedule 5.1 annexed hereto (as so supplemented) are
duly authorized, validly issued, fully paid and nonassessable and free and clear of all liens
except liens created by the Loan Documents and liens permitted thereunder and none of such capital
stock constitutes Margin Stock. Each of the Subsidiaries of Company identified in Schedule
5.1 annexed hereto (as so supplemented) is duly organized, validly existing and in good
standing under the laws of its respective jurisdiction of organization set forth therein, has all
requisite corporate or other power and authority to own and operate its properties and to carry on
its business as now conducted and as proposed to be conducted and is qualified to do business and
in good standing in every jurisdiction where its assets are located and wherever necessary to carry
out its business and operations, in each case except where failure to be so qualified or in good
standing or a lack of such corporate or other power and authority has not had and is not reasonably
expected to have a Material Adverse Effect. Schedule 5.1 annexed hereto (as so
supplemented) correctly sets forth the ownership interest of Company and each of its Subsidiaries
in each of the Subsidiaries of Company identified therein.

          5.2. Authorization of Borrowing, Etc.

          A. Authorization of Borrowing. The execution, delivery and performance of the Loan
Documents have been duly authorized by all necessary corporate or other equivalent action on the
part of each Loan Party that is a party thereto.

 

 

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          B. No Conflict. The execution, delivery and performance by Loan Parties of the Loan
Documents and the consummation of the transactions contemplated by the Loan Documents do not and
will not (i) violate any provision of any law or any governmental rule or regulation applicable to
Company or any of its Subsidiaries, the Certificate or Articles of Incorporation or Bylaws (or
other organizational documents) of Company or any of its Subsidiaries or any order, judgment or
decree of any court or other agency of government binding on Company or any of its Subsidiaries,
(ii) conflict with, result in a breach of or constitute (with due notice or lapse of time or both)
a default under any Contractual Obligation of Company or any of its Subsidiaries, (iii) result in
or require the creation or imposition of any Lien upon any of the properties or assets of Company
or any of its Subsidiaries, or (iv) require any approval of stockholders or any approval or consent
of any Person under any Contractual Obligation of Company or any of its Subsidiaries, except for
such approvals or consents which will be obtained on or before the Closing Date and disclosed in
writing to Lenders.

          C. Governmental Consents. The execution, delivery and performance by Loan Parties of
the Loan Documents and the consummation of the transactions contemplated by the Loan Documents do
not and will not require any registration with, consent or approval of, or notice to, or other
action to, with or by, any federal, state or other governmental authority or regulatory body.

          D. Binding Obligation. Each of the Loan Documents has been duly executed and
delivered by each Loan Party that is a party thereto and is the legally valid and binding
obligation of such Loan Party, enforceable against such Loan Party in accordance with its
respective terms, subject to (i) the effects of bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium and other similar laws relating to or affecting creditors’ rights
generally and (ii) general equitable principles (whether considered in a proceeding in equity or at
law) and (iii) an implied covenant of good faith and fair dealing.

          5.3. Financial Condition

          Company has heretofore delivered to Lenders, at Lenders’ request, (i) the audited financial
statements (including balance sheets and statements of operations, stockholders’ equity and cash
flows) of Company and its Subsidiaries and Priority and its Subsidiaries for the fiscal year ended
December 31, 2004 and (ii) the unaudited financial statements (including balance sheets and
statements of operations, stockholders’ equity and cash flows) of Company and its Subsidiaries for
the fiscal quarters ending at least 45 days prior to the Closing Date. All such statements were
prepared in conformity with GAAP and fairly present, in all material respects, the financial
position (on a consolidated basis) of the entities described in such financial statements as at the
date thereof and the results of operations and cash flows (on a consolidated basis) of the entities
described therein for the period then ended. Company and Priority do not (and will not immediately
following the funding of the initial Loans) have any Contingent Obligation, contingent liability or
liability for taxes, long-term lease or unusual forward or long-term commitment that is not
reflected in the foregoing financial statements or the notes thereto other than

 

 

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those incurred in the ordinary course of business or otherwise that individually or in the
aggregate have not had and would not reasonably be expected to have a Material Adverse Effect.

          5.4. No Material Adverse Change

          Since December 31, 2004, no event or events, adverse condition or change that individually or
in the aggregate, could reasonably be expected to have a Material Adverse Effect has occurred.

          5.5. Title to Properties; Liens

          Company and its Subsidiaries have (i) good title to (in the case of fee interests in real
property), (ii) valid leasehold interests in (in the case of leasehold interests in real or
personal property), or (iii) good title to (in the case of all other personal property), all of
their respective properties and assets necessary or useful for the conduct of their business, in
each case except for assets disposed of since the date of the most recent financial statements
received by Administrative Agent in the ordinary course of business or as otherwise permitted under
subsection 7.5 and except where failure to have such title would not, individually or in the
aggregate, have a Material Adverse Effect. Except as permitted by this Agreement, all such
properties and assets are free and clear of Liens.

          5.6. Litigation; Adverse Facts

          Except as set forth on Schedule 5.6, there are no actions, suits, proceedings,
arbitrations or governmental investigations (whether or not purportedly on behalf of Company or any
of its Subsidiaries) at law or in equity, or before or by any federal, state, municipal or other
governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign
(including any Environmental Claims) that are pending or, to the knowledge of Company, threatened
against or affecting Company or any of its Subsidiaries or any property, license or registration of
Company or any of its Subsidiaries and that, individually or in the aggregate, could reasonably be
expected to result in a Material Adverse Effect. Neither Company nor any of its Subsidiaries (i)
is in violation of any applicable laws (including those involving the licensing or registration
relating to the pharmaceutical and healthcare services provided by Company and its Subsidiaries and
Environmental Laws) that, individually or in the aggregate, could reasonably be expected to result
in a Material Adverse Effect, or (ii) is subject to or in default with respect to any final
judgments, writs, injunctions, decrees, rules or regulations of any court or any federal, state,
municipal or other governmental department, commission, board, bureau, agency or instrumentality,
domestic or foreign, that, individually or in the aggregate, could reasonably be expected to result
in a Material Adverse Effect.

          5.7. Payment of Taxes

          Except to the extent permitted by subsection 6.3, (i) all tax returns and reports of Company
and its Subsidiaries required to be filed by any of them have been timely filed, and

 

 

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(ii) all taxes shown on such tax returns to be due and payable and all assessments, fees and
other governmental charges upon Company and its Subsidiaries and upon their respective properties,
assets, income, businesses and franchises which are due and payable have been paid when due and
payable, except for taxes that are being contested in good faith by appropriate proceedings for
which Company or relevant Subsidiary, as applicable, has set aside on its books adequate reserves
in accordance with GAAP, and in either case, to the extent that the failure to do so would not
reasonably be expected to result in a Material Adverse Effect. Company knows of no proposed
material tax assessment against Company or any of its Subsidiaries which is not being actively
contested by Company or such Subsidiary in good faith and by appropriate proceedings; provided that
such reserves or other appropriate provisions, if any, as shall be required in conformity with GAAP
shall have been made or provided therefor.

          5.8. Performance of Agreements

          Neither Company nor any of its Subsidiaries is in default in the performance, observance or
fulfillment of any of the obligations, covenants or conditions contained in any of its Contractual
Obligations, and no condition exists that, with the giving of notice or the lapse of time or both,
would constitute such a default, except where the consequences, direct or indirect, of such default
or defaults, if any, could not reasonably be expected to have a Material Adverse Effect.

          5.9. Governmental Regulation

          Neither Company nor any of its Subsidiaries is a “holding company” under the Public Utility
Holding Company Act of 1935 or an “investment company” under the Investment Company Act of 1940.

          5.10. Securities Activities

          Neither Company nor any of its Subsidiaries is engaged principally, or as one of its important
activities, in the business of extending credit for the purpose of purchasing or carrying any
Margin Stock.

          5.11. Employee Benefit Plans

          A. Except as would not reasonably be expected to result in a Material Adverse Effect, Company
and each of its Subsidiaries are in compliance with all applicable provisions and requirements of
ERISA and the regulations and published interpretations thereunder with respect to each Employee
Benefit Plan sponsored by any of them and have performed all their respective obligations under
each Employee Benefit Plan sponsored by any of them.

          B. No ERISA Event that would reasonably be expected to result in a Material Adverse Effect has
occurred or is reasonably expected to occur.

 

 

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          C. As of the most recent valuation date for any Pension Plan, the amount of unfunded benefit
liabilities (as defined in Section 4001(a)(18) of ERISA), individually or in the aggregate for all
Pension Plans (excluding for purposes of such computation any Pension Plans with respect to which
assets exceed benefit liabilities), which if amortized over ten years, would not reasonably be
expected, after considering the financial condition of all relevant ERISA Affiliates who could have
liability in respect of such liabilities, to result in a Material Adverse Effect.

          D. For each Multiemployer Plan as of the most recent valuation date for which an actuarial
report has been received, the potential liability of Company, its Subsidiaries and their respective
ERISA Affiliates for a complete withdrawal from such Multiemployer Plan (within the meaning of
Section 4203 of ERISA), when aggregated with such potential liability for a complete withdrawal
from all Multiemployer Plans, based on information available pursuant to Section 4221(e) of ERISA,
would not reasonably be expected to result in a Material Adverse Effect.

          5.12. Environmental Protection

          No event or condition has occurred or is occurring with respect to Company or any of its
Subsidiaries relating to any Environmental Law, that individually or in the aggregate has had or
could reasonably be expected to have a Material Adverse Effect.

          5.13. Employee Matters

          There is no strike or work stoppage in existence or threatened involving Company or any of its
Subsidiaries that could reasonably be expected to have a Material Adverse Effect.

          5.14. Solvency

          Each Loan Party is and, upon the incurrence of any Obligations by such Loan Party on any date
on which this representation is made, will be Solvent.

          5.15. Disclosure

          No representation or warranty of Company or any of its Subsidiaries contained in any Loan
Document or in any other document, certificate or written statement furnished to Lenders by or on
behalf of Company or any of its Subsidiaries for use in connection with the transactions
contemplated by this Agreement, taken as a whole, contains any untrue statement of a material fact
or omits to state a material fact (known to Company in the case of any document not furnished by
it) necessary in order to make the statements contained herein or therein not misleading in light
of the circumstances in which the same were made; provided, that no representation is made as to
projections or pro forma financial information except as set forth in the next sentence. Any
projections and pro forma financial information contained in such materials are based upon good
faith estimates and assumptions believed by Company to be reasonable at

 

 

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the time made, it being recognized by Lenders that such projections as to future events are
not to be viewed as facts and that actual results during the period or periods covered by any such
projections may differ from the projected results.

SECTION 6.

COMPANY’S AFFIRMATIVE COVENANTS

          Company covenants and agrees that, so long as any of the Commitments hereunder shall remain in
effect and until payment in full of all of the Loans and other Obligations and the cancellation or
expiration of all Letters of Credit, unless Requisite Lenders shall otherwise give prior written
consent, Company shall perform, and shall cause each of its Subsidiaries to perform, all covenants
in this Section 6.

          6.1. Financial Statements and Other Reports

          Company will maintain, and cause each of its Subsidiaries to maintain, a system of accounting
established and administered in accordance with sound business practices to permit preparation of
financial statements in conformity with GAAP. Company will deliver to Administrative Agent and
Lenders:

     (i) Quarterly Financial: as soon as available and in any event within 45 days
after the end of each Fiscal Quarter, the consolidated balance sheets of Company and its
Subsidiaries as at the end of such Fiscal Quarter and the related consolidated statements of
operations, changes in stockholders’ equity and cash flows of Company and its Subsidiaries
for such Fiscal Quarter and for the period from the beginning of the then current Fiscal
Year to the end of such Fiscal Quarter, setting forth in each case in comparative form the
corresponding figures for the corresponding periods of the previous Fiscal Year, all in
reasonable detail and certified by the chief financial officer of Company that they fairly
present, in all material respects, the financial condition of Company and its Subsidiaries
as at the dates indicated and the results of their operations and their cash flows for the
periods indicated, subject to changes resulting from audit and normal year-end adjustments;

     (ii) Year-End Financial: as soon as available and in any event within 90 days
after the end of each Fiscal Year, the consolidated balance sheets of Company and its
Subsidiaries as at the end of such Fiscal Year and the related consolidated statements of
operations, changes in stockholders’ equity and cash flows of Company and its Subsidiaries
for such Fiscal Year, setting forth in each case in comparative form the corresponding
figures for the previous Fiscal Year, with a report thereon of PricewaterhouseCoopers LLP or
other independent certified public accountants of recognized national standing selected by
Company and satisfactory to Administrative Agent, which report shall
be un-

 

 

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qualified, shall express no doubts about the ability of Company and its Subsidiaries to
continue as a going concern, and shall state that such consolidated financial statements
fairly present, in all material respects, the consolidated financial position of Company and
its Subsidiaries as at the dates indicated and the results of their operations and their
cash flows for the periods indicated in conformity with GAAP applied on a basis consistent
with prior years (except as otherwise disclosed in such financial statements) and that the
examination by such accountants in connection with such consolidated financial statements
has been made in accordance with generally accepted auditing standards;

     (iii) Officers’ and Compliance Certificates: together with each delivery of
the consolidated financial statements of Company and its Subsidiaries pursuant to
subdivisions (i) and (ii) above, (a) an Officers’ Certificate of Company stating that the
signers have reviewed the terms of this Agreement and have made, or caused to be made under
their supervision, a review in reasonable detail of the transactions and condition of
Company and its Subsidiaries during the accounting period covered by such financial
statements and that such review has not disclosed the existence during or at the end of such
accounting period, and that the signers do not have knowledge of the existence as at the
date of such Officers’ Certificate, of any condition or event that constitutes an Event of
Default or Potential Event of Default, or, if any such condition or event existed or exists,
specifying the nature and period of existence thereof and what action Company has taken, is
taking and proposes to take with respect thereto; and (b) a Compliance Certificate
demonstrating in reasonable detail compliance during and at the end of the applicable
accounting periods with the restrictions contained in Section 7;

     (iv) Reconciliation Statements: if, as a result of any change in accounting
principles and policies from those used in the preparation of the audited financial
statements most recently delivered pursuant to subsection 5.3 or this subsection 6.1, the
consolidated financial statements of Company and its Subsidiaries delivered pursuant to
subdivisions (i) or (ii) of this subsection 6.1 will differ in any material respect from the
consolidated financial statements that would have been delivered pursuant to such
subdivisions had no such change in accounting principles and policies been made, then
together with the first delivery of financial statements pursuant to subdivision (i) or (ii)
of this subsection 6.1 following such change, a written statement of the chief accounting
officer or chief financial officer of Company setting forth the differences (including any
differences that would affect any calculations relating to the financial covenants set forth
in subsection 7.4) which would have resulted if such financial statements had been prepared
without giving effect to such change;

     (v) Accountants’ Certification: together with each delivery of consolidated
financial statements of Company and its Subsidiaries pursuant to subdivision (ii) above, a
written statement by the independent certified public accountants giving the report thereon
stating whether, in connection with their audit examination, any condition or event that
constitutes an Event of Default or Potential Event of Default has come to their

 

 

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attention and, if such a condition or event has come to their attention, specifying the
nature and period of existence thereof; provided that such accountants shall not be liable
by reason of any failure to obtain knowledge of any such Event of Default or Potential Event
of Default that would not be disclosed in the course of their audit examination;

     (vi) SEC Filings and Press Releases: promptly upon their becoming available,
copies of (a) all financial statements, reports, notices and proxy statements sent or made
available generally by Company to its security holders or by any Subsidiary of Company to
its security holders other than Company or another Subsidiary of Company, (b) all regular
and periodic reports and all registration statements (other than on Form S-8 or a similar
form) and prospectuses, if any, filed by Company or any of its Subsidiaries with any
securities exchange or with the Securities and Exchange Commission
(“SEC”) or any
governmental or private regulatory authority (other than filings in the ordinary course of
business to maintain Company’s licenses and permits), and (c) all press releases and other
statements made available generally by Company or any of its Subsidiaries to the public
concerning material developments in the business of Company or any of its Subsidiaries;
provided that such financial statements, reports, press releases and other documents shall
be deemed delivered if delivered electronically to the Administrative Agent;

     (vii) Events of Default, Etc.: promptly upon any officer of Company obtaining
knowledge (a) of any condition or event that constitutes an Event of Default or Potential
Event of Default or (b) of the occurrence of any event or change that has caused or
evidences, either in any case or in the aggregate, a Material Adverse Effect, an Officers’
Certificate specifying the nature and period of existence of such condition, event or
change, or specifying the notice given or action taken by any such Person and the nature of
such claimed Event of Default, Potential Event of Default, event or condition, and what
action Company has taken, is taking and proposes to take with respect thereto;

     (viii) Litigation or Other Proceedings: promptly upon any officer of Company
obtaining knowledge of (a) the institution of any action, suit, proceeding (whether
administrative, judicial or otherwise), governmental investigation or arbitration against or
affecting Company or any of its Subsidiaries or any property, license or registration of
Company or any of its Subsidiaries (collectively, “Proceedings”) not previously
disclosed in writing by Company to Lenders or (b) any material development in any Proceeding
that, in any case:

     (1) could reasonably be expected to have a Material Adverse Effect; or

     (2) seeks to enjoin or otherwise prevent the consummation of, or to recover any
damages or obtain relief as a result of, the transactions contemplated hereby;

written notice thereof together with such other information as may be reasonably available
to Company to enable Lenders and their counsel to evaluate such matters;

 

 

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     (ix) ERISA Events: promptly upon Company becoming aware of the occurrence of
or forthcoming occurrence of any ERISA Event that would reasonably be expected to result in
a Material Adverse Effect, a written notice specifying the nature thereof, what action
Company, any of its Subsidiaries or, to the knowledge of Company, any of their respective
ERISA Affiliates, has taken, is taking or proposes to take with respect thereto and, when
known by Company, any action taken or threatened by the Internal Revenue Service, the
Department of Labor or the PBGC with respect thereto;

     (x) ERISA Notices: with reasonable promptness, copies of (a) all notices
received by Company, any of its Subsidiaries or, to the knowledge of Company, any of their
respective ERISA Affiliates, from a Multiemployer Plan sponsor concerning an ERISA Event
that would reasonably be expected to result in a Material Adverse Effect; and (b) such other
documents or governmental reports or filings reasonably available to Company or any of its
Subsidiaries relating to any Pension Plan as Administrative Agent shall reasonably request;

     (xi) New Subsidiaries: promptly upon any Person becoming a Subsidiary of
Company, a written notice setting forth with respect to such Person (a) the date on which
such Person became a Subsidiary of Company and (b) all of the data required to be set forth
in Schedule 5.1 annexed hereto with respect to all Subsidiaries of Company (it being
understood that such written notice shall be deemed to supplement Schedule 5.1
annexed hereto for all purposes of this Agreement);

     (xii) Licensing, Registration and Accreditation: with reasonable promptness,
information regarding proceedings regarding any licensing, registration or accreditation of
Company or a Subsidiary by or with any governmental body or the Joint Commission
Accreditation of Healthcare Organizations, if failure to obtain or maintain such license,
registration or accreditation could reasonably be expected to have a Material Adverse
Effect; and

     (xiii) Other Information: with reasonable promptness, such other information
and data with respect to Company or any of its Subsidiaries as from time to time may be
reasonably requested by any Lender (including, without limitation, all documents and other
information required by bank regulatory authorities under applicable “know your customer”
and anti-money laundering rules and regulations, including without limitation the U.S.A.
Patriot Act).

          6.2. Existence, Etc.

          Except as permitted under subsection 7.5, Company will, and will cause each of its
Subsidiaries to, at all times preserve and keep in full force and effect its existence and all
rights and franchises material to its business, except where the failure to do so would not have a
Material Adverse Effect.

 

 

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          6.3. Payment of Taxes and Claims; Tax Consolidation

          A. Company will, and will cause each of its Subsidiaries to, pay all taxes, assessments and
other governmental charges imposed upon it or any of its properties or assets or in respect of any
of its income, businesses or franchises before any penalty accrues thereon, and all claims
(including claims for labor, services, materials and supplies) for sums that have become due and
payable and that by law have or may become a Lien upon any of its properties or assets, prior to
the time when any penalty or fine shall be incurred with respect thereto; provided that no such
charge or claim need be paid if it is being contested in good faith by appropriate proceedings
promptly instituted and diligently conducted, so long as such reserve or other appropriate
provision, if any, as shall be required in conformity with GAAP shall have been made therefor.

          B. Company will not, nor will it permit any of its Subsidiaries to, file or consent to the
filing of any consolidated income tax return with any Person (other than Company or any of its
Subsidiaries).

          6.4. Maintenance of Properties; Insurance

          A. Maintenance of Properties. Company will, and will cause each of its Subsidiaries
to, maintain or cause to be maintained in good repair, working order and condition, ordinary wear
and tear excepted, all material properties necessary in the business of Company and its
Subsidiaries and from time to time will make or cause to be made all appropriate repairs, renewals
and replacements thereof.

          B. Insurance. Company will maintain or cause to be maintained, with financially sound
and reputable insurers, such public liability insurance, third party property damage insurance,
business interruption insurance and casualty insurance with respect to liabilities, losses or
damage in respect of the assets, properties and businesses of Company and its Subsidiaries as may
customarily be carried or maintained under similar circumstances by companies of established
reputation engaged in similar businesses, in each case in such amounts (giving effect to
self-insurance), with such deductibles, covering such risks and otherwise on such terms and
conditions as shall be customary for companies similarly situated in the industry.

          6.5. Inspection Rights

          Company shall, and shall cause each of its Subsidiaries to, permit any authorized
representatives designated by Administrative Agent (on its behalf or on behalf of any Lender), or
if an Event of Default has occurred and is continuing, the Lenders, to visit and inspect any of the
properties of Company or of any of its Subsidiaries, to inspect, copy and take extracts from its
and their financial and accounting records, and to discuss its and their affairs, finances and
accounts with its and their officers and independent public accountants (provided that Company may,
if it so chooses, be present at or participate in any such discussion), all upon reasonable notice
and at such reasonable times during normal business hours and as often as may reasonably be
requested.

 

 

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          6.6. Compliance With Laws, Etc.

          Company shall comply and operate in compliance, and shall cause each of its Subsidiaries to
comply and to operate in compliance, with the requirements of all applicable laws, rules,
regulations and orders of any governmental authority (including those involving licensing or
registration relating to the pharmaceutical and healthcare services provided by Company and its
Subsidiaries, ERISA, and Environmental Laws) at all times, noncompliance with which could
reasonably be expected to cause, individually or in the aggregate, a Material Adverse Effect.

          
6.7. Environmental Claims and Violations of Environmental Laws

          Except as could not reasonably be expected to cause, individually or in the aggregate, a
Material Adverse Effect, Company shall promptly take, and shall use best efforts to cause each of
its Subsidiaries promptly to take, any and all actions necessary to (i) cure any violation of
applicable Environmental Laws by Company or its Subsidiaries and (ii) make an appropriate response
to any Environmental Claim against Company or any of its Subsidiaries and discharge any obligations
it may have to any Person thereunder.

          
6.8. Execution of Subsidiary Guaranty by Certain Subsidiaries and Future Subsidiaries

          A. Execution of Subsidiary Guaranty. In the event that any Person becomes a Domestic
Subsidiary of Company after the date hereof (other than an Exempt Subsidiary) or Company wishes an
Exempt Subsidiary to be removed from such category, Company will promptly notify Agents of that
fact and cause such Subsidiary to execute and deliver to Administrative Agent a counterpart of the
Subsidiary Guaranty.

          B. Subsidiary Charter Documents, Legal Opinions, Etc. Substantially concurrent with
the execution and delivery by a Subsidiary of the Subsidiary Guaranty described under subsection
6.8A, Company shall deliver to Administrative Agent, together with such Loan Documents, (i)
certified copies of such Subsidiary’s Certificate or Articles of Incorporation (or similar
organizational document), together with a good standing certificate from the Secretary of State of
the jurisdiction of its incorporation and, to the extent generally available, a certificate or
other evidence of good standing as to payment of any applicable franchise or similar taxes from the
appropriate taxing authority of such jurisdiction, each to be dated a recent date prior to their
delivery to Administrative Agent, (ii) a copy of such Subsidiary’s Bylaws (or similar
organizational document), certified by its secretary or an assistant secretary or an equivalent
officer as of a recent date prior to their delivery to Administrative Agent, (iii) a certificate
executed by the secretary or an assistant secretary or an equivalent officer of such Subsidiary as
to (a) the fact that the attached resolutions of the Board of Directors or managing member of such
Subsidiary approving and authorizing the execution, delivery and performance of the Subsidiary
Guaranty are in full force and effect and have not been modified or amended and (b) the incumbency
and

 

 

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signatures of the officers of such Subsidiary executing the Subsidiary Guaranty, and (iv) a
favorable opinion of counsel to such Subsidiary, in form and substance reasonably satisfactory to
Administrative Agent and its counsel, as to (a) the due organization and good standing of such
Subsidiary, (b) the due authorization, execution and delivery by such Subsidiary of such Loan
Documents, (c) the enforceability of such Loan Documents against such Subsidiary, (d) such other
matters as Administrative Agent may reasonably request, all of the foregoing to be reasonably
satisfactory in form and substance to Administrative Agent and its counsel.

          6.9. Separateness

          Each of the Company and its Subsidiaries covenants and agrees with each Lender that so long as
this Agreement shall remain in effect and until the Term Loan Commitments, Revolving Loan
Commitments and Swing Line Commitments have been terminated and the principal of and interest on
each Loan, all fees and all other expenses or amounts payable under any Loan Document shall have
been paid in full and all Letters of Credit have been canceled or have expired and all amounts
drawn thereunder have been reimbursed in full, unless the Required Lenders shall otherwise consent
in writing, the Company will satisfy, and cause each of its Subsidiaries to satisfy, customary
corporate or limited liability company formalities, including the maintenance of corporate and
business records.

SECTION 7.

COMPANY’S NEGATIVE COVENANTS

          Company covenants and agrees that, so long as any of the Commitments hereunder shall remain in
effect and until payment in full of all of the Loans and other Obligations and the cancellation or
expiration of all Letters of Credit, unless Requisite Lenders shall otherwise give prior written
consent, Company shall perform, and shall cause each of its Subsidiaries to perform, all covenants
in this Section 7.

          7.1. Indebtedness

          Company shall not permit its Subsidiaries which are not Subsidiary Guarantors to, directly or
indirectly, create, incur, assume or guaranty, or otherwise become or remain directly or indirectly
liable with respect to, any Indebtedness in excess of an aggregate amount equal to 15% of
Consolidated Net Worth of Company as of the last day of the most recently ended Fiscal Quarter for
all such non-Subsidiary Guarantors, except for Indebtedness up to an aggregate of $450.0 million
incurred in connection with a Permitted Receivables Transaction.

          7.2. Prohibition on Liens

          Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly,
create, incur, assume or permit to exist any Lien on or with respect to any property or asset of
any kind (including any document or instrument in respect of goods or accounts receivable)

 

 

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 of Company or any of its Subsidiaries, whether now owned or hereafter acquired, or any
income or profits therefrom, or file, or cause or cooperate with any other Person in filing any
financing statement or other similar notice of any Lien with respect to any such property, asset,
income or profits under the UCC of any State or under any similar recording or notice statute,
except:

     (i) Permitted Encumbrances;

     (ii) Liens described in Schedule 7.2 annexed hereto; provided, that such Liens
shall secure only those obligations it secures on the date hereof and extensions, renewals,
and replacement thereof that do not increase the outstanding principal amount thereof;

     (iii) Any Lien existing on any property or asset prior to the acquisition thereof by
Company or any Subsidiary or existing on any property or asset of any Person that becomes a
Subsidiary after the date hereof prior to the time such Person becomes a Subsidiary,
provided that (A) such Lien is not created in contemplation of or in connection with such
acquisition or such Person becoming a Subsidiary, (B) such Lien shall not apply to any other
property or assets of Company or any Subsidiary and (C) such Lien shall secure only those
obligations that it secures on the date of such acquisition or the date such Person becomes
a Subsidiary, as the case may be, and extensions, renewals and replacements thereof that do
not increase the outstanding principal amount thereof;

     (iv) Liens on fixed or capital assets acquired, constructed or improved by Company or
any Subsidiary, provided that (A) such security interests secure Indebtedness permitted by
subsection 7.1, (B) such security interests and the Indebtedness secured thereby are
incurred prior to or within 90 days after such acquisition or the completion of such
construction or improvement, (C) the Indebtedness secured thereby does not exceed 80% (100%
of the Indebtedness if in the form of a Capital Lease) of the cost of acquiring,
constructing or improving such fixed or capital assets and (D) such security interests shall
not apply to any other property or assets of Company or any Subsidiary;

     (v) deposits securing liabilities to insurance carriers under insurance or
self-insurance arrangements and regulatory restrictions imposed on Insurance Subsidiaries;

     (vi) Liens arising in connection with Sale and Leaseback Transactions permitted by
subsection 7.7; and

     (vii) Other Liens securing Indebtedness in an aggregate amount not to exceed 15% of
Consolidated Net Worth of Company and its Subsidiaries as of the last day of the most recent
Fiscal Quarter.

 

 

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          7.3. Restricted Junior Payments

          Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly,
declare, order, pay, make or set apart any sum for any Restricted Junior Payment; provided that, so
long as no Event of Default or Potential Event of Default has occurred and is continuing or would
result from making such Restricted Junior Payment, Company may cumulatively make Restricted Junior
Payments on and after the Closing Date in an aggregate amount of $200,000,000 plus 75% of the
Consolidated Net Income for the period commencing on the Closing Date and ending on the last day of
the most recently ended full Fiscal Quarter prior to any such payment (other than Restricted Junior
Payments made pursuant to the following proviso hereto); provided, further, that the restrictions
set forth in this subsection 7.3 shall not apply at any time Company either (i) is rated Investment
Grade or (ii) has a Consolidated Leverage Ratio of 2.5:1.0 or less (after giving effect to the
proposed Restricted Junior Payment and any related incurrence of Indebtedness).

          7.4. Financial Covenants

          A. Minimum Interest Coverage Ratio. Company shall not permit the ratio of (i)
Consolidated EBITDA to (ii) Consolidated Interest Expense at the end of the four Fiscal Quarter
period ending on the last day of any Fiscal Quarter to be less than 3.5:1.0.

          B. Maximum Leverage Ratio. Company shall not permit the Consolidated Leverage Ratio
as of the last day of any Fiscal Quarter to exceed 3.25:1.0.

          7.5.
Restriction on Fundamental Changes; Asset Sales
and Acquisitions

          Company shall not, and shall not permit any of its Subsidiaries to, enter into any transaction
of merger or consolidation, or liquidate, wind up or dissolve itself (or suffer any liquidation or
dissolution), or convey, sell, lease or sublease (as lessor or sublessor), transfer or otherwise
dispose of, in one transaction or a series of transactions, all or any part of its business,
property or assets, whether now owned or hereafter acquired, or acquire by purchase or otherwise
all or substantially all the business, property or fixed assets of, or stock or other evidence of
beneficial ownership of, any Person or any division or line of business of any Person, except:

     (i) so long as no Default or Event of Default then exists or would exist immediately
after giving effect thereto or would result therefrom and subject to subsection 8.11, (A)
Company and any Subsidiary may merge with any other Person, provided that Company or such
Subsidiary, as the case may be, is the survivor of such merger or (B) if Company or such
Subsidiary is not the survivor of such merger, the survivor assumes all the obligations of
Company or such Subsidiary, as the case may be, under the Loan Documents to which such
Person is a party; provided that it is understood and agreed that notwithstanding the
foregoing, but subject to subsection 8.11, Company may consummate a transaction at any time
which has the effect of creating a holding company

 

 

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(“Holdings”) above Company which shall own 100% of the capital stock of
Company, so long as (x) the conditions set forth in clause (A) or (B), as applicable, have
been satisfied and (y) at the time such transaction is consummated, Holdings shall guarantee
the obligations of Company under the Loan Documents pursuant to a guarantee in form and
substance reasonably satisfactory to the Administrative Agent (the “Holdings
Guarantee”);

     (ii) Company and its Subsidiaries may dispose of obsolete, worn out or surplus property
in the ordinary course of business;

     (iii) Company and its Subsidiaries may sell or otherwise dispose of assets in
transactions that do not constitute Asset Sales; provided that the consideration received
for such assets shall be in an amount at least equal to the fair market value thereof;

     (iv) Company and its Subsidiaries may make Asset Sales not otherwise permitted by any
other clause of this subsection 7.5 if, after giving effect to such Asset Sale, Company is
in compliance with subsection 7.4 and the aggregate consideration received from all such
sales since the Closing Date (other than proceeds received from Asset Sales permitted under
any other clause of this subsection 7.5) does not exceed 25% of the book value of
consolidated total assets of Company on the last day of the most recent Fiscal Quarter;

     (v) Company and its Subsidiaries may make Asset Sales of Receivables Assets to the
extent permitted by subsection 7.8;

     (vi) Company and its Subsidiaries may make Asset Sales of the NPA Real Estate;

     (vii) Company and its Subsidiaries may consummate the Priority Acquisition; and

     (viii) Company may acquire by purchase or otherwise any business, property or assets
of, or stock or other evidence of beneficial ownership of, any Person or any divisions or
line of business of any Person if, after giving pro forma effect thereto as if such
acquisition had occurred on the first day of the four Fiscal Quarter period most recently
ended prior to the date of such acquisition, Company is in compliance with subsection 7.4.

          7.6. Fiscal Year

          Company shall not change its Fiscal Year-end from December 31.

 

 

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          7.7. Sales and Leasebacks

          Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly,
become or remain liable as lessee or as a guarantor or other surety with respect to any lease,
whether an Operating Lease or a Capital Lease, of any property (whether real, personal or mixed),
whether now owned or hereafter acquired, (i) which Company or any of its Subsidiaries has sold or
transferred or is to sell or transfer to any other Person (other than Company or any of its
Subsidiaries) or (ii) which Company or any of its Subsidiaries intends to use for substantially the
same purpose as any other property which has been or is to be sold or transferred by Company or any
of its Subsidiaries to any Person (other than Company or any of its Subsidiaries) in connection
with such lease (any such transaction, a “Sale and Leaseback Transaction”) other than any
Sale and Leaseback Transactions the Attributable Debt of which shall not exceed $100,000,000 at any
time outstanding.

          7.8. Sale or Discount of Receivables

          Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly,
sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its
notes or accounts receivable, except (i) a Permitted Receivables Transaction and (ii) in connection
with the sale of all or substantially all of any line of business of Company or its Subsidiaries
permitted under subsection 7.5.

          7.9. Transactions With Shareholders and
Affiliates

          Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly,
enter into or permit to exist any transaction (including the purchase, sale, lease or exchange of
any property or the rendering of any service) with any holder of 5% or more of any class of equity
Securities of Company or with any Affiliate of Company or of any such holder, on terms that are
less favorable to Company or that Subsidiary, as the case may be, than those that might be obtained
at the time from Persons who are not such a holder or Affiliate; provided that the foregoing
restriction shall not apply to (i) any transaction between Company and any of its Wholly Owned
Subsidiaries or between any of its Wholly Owned Subsidiaries or (ii) reasonable and customary fees
paid to members of the Boards of Directors of Company and its Subsidiaries or (iii) transactions
with Receivables Entities pursuant to a Permitted Receivables Transaction.

          7.10. Conduct of Business

          From and after the Closing Date, Company shall not, and shall not permit any of its
Subsidiaries to, engage in any business other than (i) the businesses engaged in by Company and its
Subsidiaries on the Closing Date and similar or related businesses or businesses ancillary thereto
and (ii) such other lines of business as may be consented to by Requisite Lenders.

 

 

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SECTION 8.

EVENTS OF DEFAULT

          If any of the following conditions or events (“Events of Default”) shall occur:

          8.1. Failure to Make Payments When Due

          Failure by Company to pay any installment of principal of any Loan when due, whether at stated
maturity, by acceleration or otherwise; failure by Company to pay when due any amount payable to an
Issuing Lender in reimbursement of any drawing under a Letter of Credit; or failure by Company to
pay any interest on any Loan or any fee or any other amount due under this Agreement within five
days after the date due; or

          8.2. Default in Other Agreements

          (i) Failure of Company or any of its Subsidiaries to pay when due any principal of or interest
on or any other amount payable in respect of one or more items of Indebtedness (other than
Indebtedness referred to in subsection 8.1) or Contingent Obligations in an individual principal
amount of $50,000,000 or more or with an aggregate principal amount of $50,000,000 or more, in each
case beyond the end of any grace period provided therefor; or (ii) breach or default by Company or
any of its Subsidiaries with respect to any other term of (a) one or more items of Indebtedness or
Contingent Obligations in the individual or aggregate principal amounts referred to in clause (i)
above or (b) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of
Indebtedness or Contingent Obligation(s), if the effect of such breach or default is to cause, or
to permit the holder or holders of that Indebtedness or Contingent Obligation(s) (or a trustee on
behalf of such holder or holders) to cause, that Indebtedness or Contingent Obligation(s) to become
or be declared due and payable prior to its stated maturity or the stated maturity of any
underlying obligation, as the case may be (upon the giving or receiving of notice, lapse of time,
both, or otherwise); or

          8.3. Breach of Certain Covenants

          Failure of Company to perform or comply with any term or condition contained in subsections
2.5, 6.1(vii)(a) or 6.2 (with respect to Company’s corporate existence) or Section 7 of this
Agreement or failure by Holdings to deliver the Holdings Guarantee if required pursuant to
subsection 7.5; or

          8.4. Breach of Warranty

          Any representation, warranty, certification or other statement made by Company or any of its
Subsidiaries in any Loan Document or in any statement or certificate at any time given by Company
or any of its Subsidiaries in writing pursuant hereto or thereto or in connection herewith or
therewith shall be false in any material respect on the date as of which made; or

 

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          8.5. Other Defaults Under Loan Documents

          Any Loan Party shall default in the performance of or compliance with any term contained in
this Agreement or any of the other Loan Documents, other than any such term referred to in any
other subsection of this Section 8, and such default shall not have been remedied or waived within
30 days after the earlier of (i) an officer of Company or such Loan Party becoming aware of such
default or (ii) receipt by Company and such Loan Party of notice from Administrative Agent or any
Lender of such default; or

          8.6. Involuntary Bankruptcy; Appointment of
Receiver, Etc.

          (i) A court having jurisdiction in the premises shall enter a decree or order for relief in
respect of Company or any of its Subsidiaries or Holdings in an involuntary case under the
Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or
hereafter in effect, which decree or order is not vacated, discharged or stayed within 60 days of
the entry thereof; or any other similar relief shall be granted under any applicable federal or
state law; or (ii) an involuntary case shall be commenced against Company or any of its
Subsidiaries or Holdings under the Bankruptcy Code or under any other applicable bankruptcy,
insolvency or similar law now or hereafter in effect; or a decree or order of a court having
jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee,
custodian or other officer having similar powers over Company or any of its Subsidiaries or
Holdings, or over all or a substantial part of its property, shall have been entered; or there
shall have occurred the involuntary appointment of an interim receiver, trustee or other custodian
of Company or any of its Subsidiaries or Holdings for all or a substantial part of its property; or
a warrant of attachment, execution or similar process shall have been issued against any
substantial part of the property of Company or any of its Subsidiaries or Holdings, and any such
event described in this clause (ii) shall continue for 60 days unless dismissed, bonded or
discharged; or

          8.7. Voluntary Bankruptcy; Appointment of
Receiver, Etc.

          (i) Company or any of its Subsidiaries or Holdings shall have an order for relief entered with
respect to it or commence a voluntary case under the Bankruptcy Code or under any other applicable
bankruptcy, insolvency or similar law now or hereafter in effect, or shall consent to the entry of
an order for relief in an involuntary case, or to the conversion of an involuntary case to a
voluntary case, under any such law, or shall consent to the appointment of or taking possession by
a receiver, trustee or other custodian for all or a substantial part of its property; or Company or
any of its Subsidiaries or Holdings shall make any assignment for the benefit of creditors; or (ii)
Company or any of its Subsidiaries or Holdings shall fail generally, or shall admit in writing its
inability, to pay its debts as such debts become due; or the Board of Directors of Company or any
of its Subsidiaries (or any committee thereof) or Holdings shall adopt any resolution or otherwise
authorize any action to approve any of the actions referred to in clause (i) above or this clause
(ii); or

 

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          8.8. Judgments and Attachments

          Any money judgment, writ or warrant of attachment or similar process involving (i) in any
individual case an amount in excess of $50,000,000 or (ii) in the aggregate at any time an amount
in excess of $50,000,000 (in either case not adequately covered by insurance as to which a solvent
and unaffiliated insurance company has not disputed coverage) shall be entered or filed against
Company or any of its Subsidiaries or Holdings or any of their respective assets and shall remain
undischarged, unvacated, unbonded or unstayed for a period of 60 days (or in any event later than
five days prior to the date of any proposed sale thereunder); or

          8.9. Dissolution

          Any order, judgment or decree shall be entered against Company or any of its Subsidiaries or
Holdings decreeing the dissolution or split up of Company or that Subsidiary or Holdings and such
order shall remain undischarged or unstayed for a period in excess of 60 days; or

          8.10. Employee Benefit Plans

          There shall occur one or more ERISA Events which individually or in the aggregate results in
or could reasonably be expected to result in a Material Adverse Effect; or

          8.11. Change in Control

          (i) Any Person or any two or more Persons acting in concert (other than New York Life and its
Affiliates) shall have acquired beneficial ownership (within the meaning of Rule 13d-3 of the
Securities and Exchange Commission under the Exchange Act), directly or indirectly, of Securities
of Company (or other Securities convertible into such Securities) representing 35% or more of the
combined voting power of all Securities of Company entitled to vote in the election of directors,
other than Securities having such power only by reason of the happening of a contingency; or (ii)
during any period of up to twenty-for (24) consecutive months, commencing after the date of this
Agreement, individuals who at the beginning of such 24-month period were directors of Company shall
cease for any reason (other than solely as a result of (A) death or disability or (B) voluntary
retirement or resignation of any individual in the ordinary course and not for reasons related to
an actual or proposed change of control of Company) to constitute a majority of the board of
directors of Company.

          8.12. Invalidity
of Subsidiary Guaranty; Repudiation
of Obligations

          At any time after the execution and delivery thereof, (i) the Subsidiary Guaranty or, if
required pursuant to subsection 7.5, the Holdings Guaranty, for any reason, other than the
satisfaction in full of all Obligations, shall cease to be in full force and effect (other than in
accordance with its terms) or shall be declared to be null and void or (ii) any Loan Party shall

 

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contest the validity or enforceability of any Loan Document in writing or deny in writing that it
has any further liability, including with respect to future advances by Lenders, under any Loan
Document to which it is a party;

          then (i) upon the occurrence of any Event of Default described in subsection 8.6 or 8.7, each
of (a) the unpaid principal amount of and accrued interest on the Loans, (b) an amount equal to the
maximum amount that may at any time be drawn under all Letters of Credit then outstanding (whether
or not any beneficiary under any such Letter of Credit shall have presented, or shall be entitled
at such time to present, the drafts or other documents or certificates required to draw under such
Letter of Credit), and (c) all other Obligations shall automatically become immediately due and
payable, without presentment, demand, protest or other requirements of any kind, all of which are
hereby expressly waived by Company, and the obligation of each Lender to make any Loan, the
obligation of Administrative Agent to issue any Letter of Credit and the right of any Lender to
issue any Letter of Credit hereunder shall thereupon terminate, and (ii) upon the occurrence and
during the continuation of any other Event of Default, Administrative Agent shall, upon the written
request or with the written consent of Requisite Lenders, by written notice to Company, declare all
or any portion of the amounts described in clauses (a) through (c) above to be, and the same shall
forthwith become, immediately due and payable, and the obligation of each Lender to make any Loan,
the obligation of any Issuing Lender to issue any Letter of Credit and the right of any Lender to
issue any Letter of Credit hereunder shall thereupon terminate; provided that the foregoing shall
not affect in any way the obligations of Lenders under subsection 3.3C(i) or the obligations of
Lenders to purchase participations in any unpaid Swing Line Loans as provided in subsection
2.1A(iii).

          In addition, upon the occurrence and during the continuance of any Event of Default, the
Administrative Agent shall, at the request of, or may, with the consent of, the Requisite Lenders,
require that Company deposit, in a cash collateral account opened by the Administrative Agent for
the benefit of the Issuing Lender and the Revolving Lenders, an amount equal to the aggregate then
undrawn and unexpired amount of all Letters of Credit, which amount shall be applied by the
Administrative Agent to the payment of drafts drawn under such Letters of Credits as such drafts
are presented for payment; provided that, upon the occurrence of any Event of Default described in
Section 8.6 or 8.7, Company’s obligation to deposit such cash collateral shall become effective
immediately without demand or notice of any kind.

          Notwithstanding anything contained in the preceding paragraph, if at any time within 60 days
after an acceleration of the Loans pursuant to clause (ii) of such paragraph Company shall pay all
arrears of interest and all payments on account of principal which shall have become due otherwise
than as a result of such acceleration (with interest on principal and, to the extent permitted by
law, on overdue interest, at the rates specified in this Agreement) and all Events of Default and
Potential Events of Default (other than non-payment of the principal of and accrued interest on the
Loans, in each case which is due and payable solely by virtue of acceleration) shall be remedied or
waived pursuant to subsection 10.6, then Requisite Lenders, by written notice to Company, may at
their option rescind and annul such acceleration and its

 

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consequences (whereupon the Administrative Agent shall return any cash collateral received
pursuant to the next preceding paragraph to Company); but such action shall not affect any
subsequent Event of Default or Potential Event of Default or impair any right consequent thereon.
The provisions of this paragraph are intended merely to bind Lenders to a decision which may be
made at the election of Requisite Lenders and are not intended, directly or indirectly, to benefit
Company, and such provisions shall not at any time be construed so as to grant Company the right to
require Lenders to rescind or annul any acceleration hereunder or to preclude Agents or Lenders
from exercising any of the rights or remedies available to them under any of the Loan Documents,
even if the conditions set forth in this paragraph are met.

SECTION 9.

AGENTS

          9.1. Appointment

          Credit Suisse is hereby appointed as Joint Lead Arranger and Administrative Agent, CGMI is
hereby appointed as Joint Lead Arranger and Syndication Agent, and Bank of Nova Scotia, Calyon New
York Branch, Deutsche Bank Securities Inc., JPMorgan Chase Bank, N.A., Royal Bank of Scotland plc,
SunTrust and Union Bank of California are hereby appointed as Co-Documentation Agents hereunder and
under the other Loan Documents, and each Lender hereby authorizes each Agent to act as its agent in
accordance with the terms of this Agreement and the other Loan Documents. Each Agent agrees to act
upon the express conditions contained in this Agreement and the other Loan Documents, as
applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and
Company shall have no rights as a third party beneficiary of any of the provisions thereof. In
performing its functions and duties under this Agreement, each Agent shall act solely as an agent
of Lenders and does not assume and shall not be deemed to have assumed any obligation towards or
relationship of agency or trust with or for Company or any of its Subsidiaries. Upon the
conclusion of the Initial Period, all obligations of the Joint Lead Arrangers hereunder shall
terminate and thereafter the Joint Lead Arrangers (in such capacities) shall have no obligations or
liabilities under any of the Loan Documents. Anything herein to the contrary notwithstanding, none
of the Joint Bookrunning Managers, Joint Lead Arrangers, Syndication Agent or Co-Documentation
Agents 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 an Issuing Lender hereunder.

          9.2. Powers and Duties; General Immunity

          A. Powers; Duties Specified. Each Lender irrevocably authorizes each Agent to take
such action on such Lender’s behalf and to exercise such powers, rights and remedies hereunder and
under the other Loan Documents as are specifically delegated or granted to such Agent by the terms
hereof and thereof, together with such powers, rights and remedies as are reasonably incidental
thereto. An Agent shall have only those duties and responsibilities that are

 

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expressly specified in this Agreement with respect to such Agent and the other Loan Documents.
An Agent may exercise such powers, rights and remedies and perform such duties by or through its
agents or employees. An Agent shall not have, by reason of this Agreement or any of the other Loan
Documents, a fiduciary relationship in respect of any Lender; and nothing in this Agreement or any
of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to
impose upon any Agent any obligations in respect of this Agreement or any of the other Loan
Documents except as expressly set forth herein or therein.

          B. No Responsibility for Certain Matters. An Agent shall not be responsible to any
Lender for the execution, effectiveness, genuineness, validity, enforceability, collectibility or
sufficiency of this Agreement or any other Loan Document or for any representations, warranties,
recitals or statements made herein or therein or made in any written or oral statements or in any
financial or other statements, instruments, reports or certificates or any other documents
furnished or made by such Agent to Lenders or by or on behalf of Company to such Agent or any
Lender in connection with the Loan Documents and the transactions contemplated thereby or for the
financial condition or business affairs of Company or any other Person liable for the payment of
any Obligations, nor shall such Agent be required to ascertain or inquire as to the performance or
observance of any of the terms, conditions, provisions, covenants or agreements contained in any of
the Loan Documents or as to the use of the proceeds of the Loans or the use of the Letters of
Credit or as to the existence or possible existence of any Event of Default or Potential Event of
Default. Anything contained in this Agreement to the contrary notwithstanding, an Agent shall not
have any liability arising from confirmations of the amount of outstanding Loans or the Letter of
Credit Usage or the component amounts thereof.

          C. Exculpatory Provisions. None of Agents or any of their respective officers,
directors, employees or agents shall be liable to Lenders for any action taken or omitted by such
Agent under or in connection with any of the Loan Documents except to the extent caused by such
Agent’s gross negligence or willful misconduct. An Agent shall be entitled to refrain from any act
or the taking of any action (including the failure to take an action) in connection with this
Agreement or any of the other Loan Documents or from the exercise of any power, discretion or
authority vested in it hereunder or thereunder unless and until such Agent shall have received
instructions in respect thereof from Requisite Lenders (or such other Lenders as may be required to
give such instructions under subsection 10.6) and, upon receipt of such instructions from Requisite
Lenders (or such other Lenders, as the case may be), such Agent shall be entitled to act or (where
so instructed) refrain from acting, or to exercise such power, discretion or authority, in
accordance with such instructions. Without prejudice to the generality of the foregoing, (i) an
Agent shall be entitled to rely, and shall be fully protected in relying, upon any communication,
instrument or document believed by it to be genuine and correct and to have been signed or sent by
the proper person or persons, and shall be entitled to rely and shall be protected in relying on
opinions and judgments of attorneys (who may be attorneys for Company and its Subsidiaries),
accountants, experts and other professional advisors selected by it; and (ii) no Lender shall have
any right of action whatsoever against an Agent as a result of such Agent acting or (where so
instructed) refraining from acting under this Agreement or any of the other Loan

 

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Documents in accordance with the instructions of Requisite Lenders (or such other Lenders as
may be required to give such instructions under subsection 10.6).

          D. Agents Entitled to Act as Lenders. The agency hereby created shall in no way
impair or affect any of the rights and powers of, or impose any duties or obligations upon, an
Agent in its individual capacity as a Lender hereunder. With respect to its participation in the
Loans and the Letters of Credit, each Agent shall have the same rights and powers hereunder as any
other Lender and may exercise the same as though it were not performing the duties and functions
delegated to it hereunder, and the term “Lender” or “Lenders” or any similar term shall, unless the
context clearly otherwise indicates, include such Agent in its individual capacity. Each Agent and
its Affiliates may accept deposits from, lend money to and generally engage in any kind of banking,
trust, financial advisory or other business with Company or any of its Affiliates as if it were not
performing the duties specified herein, and may accept fees and other consideration from Company
for services in connection with this Agreement and otherwise without having to account for the same
to Lenders.

          9.3. Representations
and Warranties; No
Responsibility for Appraisal of Creditworthiness

          Each Lender represents and warrants that it has made its own independent investigation of the
financial condition and affairs of Company and its Subsidiaries in connection with the making of
the Loans and the issuance of Letters of Credit hereunder and that it has made and shall continue
to make its own appraisal of the creditworthiness of Company and its Subsidiaries. Agents shall
not have any duty or responsibility, either initially or on a continuing basis, to make any such
investigation or any such appraisal on behalf of Lenders or to provide any Lender with any credit
or other information with respect thereto, whether coming into its possession before the making of
the Loans or at any time or times thereafter, and Agents shall not have any responsibility with
respect to the accuracy of or the completeness of any information provided to Lenders.

          9.4. Right to Indemnity

          Each Lender, in proportion to its Pro Rata Share, severally agrees to indemnify the
Administrative Agent, to the extent that the Administrative Agent shall not have been reimbursed by
Company, for and against any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses (including counsel fees and disbursements) or disbursements of
any kind or nature whatsoever which may be imposed on, incurred by or asserted against the
Administrative Agent in exercising its powers, rights and remedies or performing its duties
hereunder or under the other Loan Documents or otherwise in its capacity as Administrative Agent,
in any way relating to or arising out of this Agreement or the other Loan Documents; provided that
no Lender shall be liable for any portion of such liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such
Administrative Agent’s gross negligence or willful misconduct. If any indemnity furnished to an
Administrative Agent for any purpose shall, in the opinion of such Administrative Agent,

 

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be insufficient or become impaired, such Administrative Agent may call for additional
indemnity and cease, or not commence, to do the acts indemnified against until such additional
indemnity is furnished.

          9.5. Successor Agent and Swing Line Lender

          A. Successor Agent. Any Agent may resign at any time by giving 30 days’ prior written
notice thereof to Lenders and Company. Upon any such notice of resignation, Requisite Lenders
shall have the right, with, so long as no Potential Event of Default or Event of Default shall have
occurred and be continuing, the consent of Company (not to be unreasonably withheld or delayed), to
appoint a successor to such Agent. Upon the acceptance of any appointment as an Agent hereunder by
a successor Agent, that successor Agent shall thereupon succeed to and become vested with all the
rights, powers, privileges and duties of the retiring Agent, as the case may be, and the retiring
Agent shall be discharged from its duties and obligations under this Agreement. After any retiring
Agent’s resignation hereunder as an Agent, the provisions of this Section 9 shall inure to its
benefit as to any actions taken or omitted to be taken by it while it was an Agent under this
Agreement.

          B. Successor Swing Line Lender. Any resignation of Administrative Agent pursuant to
subsection 9.5A shall also constitute the resignation of Credit Suisse or its successor as Swing
Line Lender, and any successor Administrative Agent appointed pursuant to subsection 9.5A shall,
upon its acceptance of such appointment, become the successor Swing Line Lender for all purposes
hereunder. In such event (i) Company shall prepay any outstanding Swing Line Loans made by the
retiring Administrative Agent in its capacity as Swing Line Lender, (ii) upon such prepayment, the
retiring Administrative Agent and Swing Line Lender shall surrender the Swing Line Note held by it
to Company for cancellation, and (iii) Company shall issue a new Swing Line Note to the successor
Administrative Agent and Swing Line Lender substantially in the form of Exhibit VI annexed
hereto, in the principal amount of the Swing Line Loan Commitment then in effect and with other
appropriate insertions.

          9.6. Guarantees

          Each Lender hereby further authorizes Administrative Agent, on behalf of and for the benefit
of Lenders, to be the agent for and representative of Lenders under the Subsidiary Guaranty, and
each Lender agrees to be bound by the terms of the Subsidiary Guaranty; provided that
Administrative Agent shall not enter into or consent to any amendment, modification, termination or
waiver of any provision contained in the Subsidiary Guaranty; provided further, however, that,
without further written consent or authorization from Lenders, Administrative Agent may execute any
documents or instruments necessary to release any Subsidiary Guarantor from the Subsidiary Guaranty
if all of the capital stock of such Subsidiary Guarantor is sold to any Person pursuant to a sale
or other disposition permitted hereunder or to which Requisite Lenders have otherwise consented.
Anything contained in any of the Loan Documents to the contrary notwithstanding, Company,
Administrative Agent and each Lender hereby agree that no Lender shall have any right individually
to enforce the Subsidiary Guaranty, it being understood and

 

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agreed that all rights and remedies under the Subsidiary Guaranty may be exercised solely by
Administrative Agent for the benefit of Lenders in accordance with the terms thereof.

SECTION 10.

MISCELLANEOUS

          10.1. Assignments and Participations
in Loans and Letters of Credit

          A. General. Subject to subsection 10.1B, each Lender shall have the right at any time
to (i) sell, assign or transfer to any Eligible Assignee, or (ii) sell participations to any Person
in, all or any part of its Commitments or any Loan or Loans made by it or its Letters of Credit or
in any case its rights or obligations with respect thereto or participations therein or any other
interest herein or in any other obligations owed to it; provided, further, that no such sale,
assignment or transfer described in clause (i) above shall be effective unless and until an
Assignment Agreement effecting such sale, assignment or transfer shall have been accepted by
Administrative Agent and recorded in the Register as provided in subsection 10.1B(ii); provided,
further that no such sale, assignment, transfer or participation of any Letter of Credit or any
participation therein may be made separately from a sale, assignment, transfer or participation of
a corresponding interest in the Revolving Loan Commitment and the Revolving Loans of the Lender
effecting such sale, assignment, transfer or participation; and provided, further that, anything
contained herein to the contrary notwithstanding, the Swing Line Loan Commitment and the Swing Line
Loans of Swing Line Lender may not be sold, assigned or transferred as described in clause (i)
above to any Person other than a successor Administrative Agent and Swing Line Lender to the extent
contemplated by subsection 9.5. Except as otherwise provided in this subsection 10.1, no Lender
shall, as between Company and such Lender, be relieved of any of its obligations hereunder as a
result of any sale, assignment or transfer of, or any granting of participations in, all or any
part of its Commitments or the Loans, the Letters of Credit or participations therein, or the other
Obligations owed to such Lender.

          B. Assignments.

          (i) Amounts and Terms of Assignments. Each Commitment, Loan, Letter of Credit or
participation therein, or other Obligation may (a) be assigned in any amount to another Lender, or
to an Affiliate of the assigning Lender or another Lender or to an Approved Fund, with the giving
of notice to Company and Administrative Agent or (b) be assigned in an aggregate amount of not less
than $5,000,000 in the case of Revolving Loans and Revolving Commitments and Term Loans (or, in
each case, such lesser amount as shall constitute the aggregate amount of the Commitments, Loans,
Letters of Credit and participations therein, and other Obligations of the assigning Lender) to any
other Eligible Assignee with the consent of Company, Administrative Agent and, in the case of an
assignment of Revolving Loans, each Issuing Lender (which consent of Company, Administrative Agent
and Issuing Lender shall not be unreasonably withheld or delayed); provided that an assignment to
an Affiliate (or an Approved Fund) of the

 

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assigning Lender that would result in increased costs to Company shall also require the prior
written consent of Company and such prior written consent of Company may not be unreasonably
withheld and which may be conditioned on the Eligible Assignee agreeing not to require
reimbursement from Company of such increased costs; provided, further, that after an Event of
Default occurs and is continuing, the consent of Company shall not be required for assignment to an
Eligible Assignee. To the extent of any such assignment in accordance with either clause (a) or
(b) above, the assigning Lender shall be relieved of its obligations with respect to its
Commitments, Loans, Letters of Credit or participations therein, or other obligations or the
portion thereof so assigned. The parties to each such assignment shall (i) electronically execute
and deliver to the Administrative Agent an Assignment and Acceptance via an electronic settlement
system acceptable to the Administrative Agent (which initially shall be ClearPar, LLC) or (ii)
manually execute and deliver to the Administrative Agent an Assignment and Acceptance, together
with a processing and recordation fee of US$3,500 and, in each case, such forms, certificates or
other evidence, if any, with respect to United States federal income tax withholding matters as the
assignee under such Assignment Agreement may be required to deliver to Administrative Agent
pursuant to subsection 2.7B(iii)(a). Upon such execution, delivery, acceptance and recordation,
from and after the effective date specified in such Assignment Agreement, (y) the assignee
thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have
been assigned to it pursuant to such Assignment Agreement, shall have the rights and obligations of
a Lender hereunder and (z) the assigning Lender thereunder shall, to the extent that rights and
obligations hereunder have been assigned by it pursuant to such Assignment Agreement, relinquish
its rights (other than any rights which survive the termination of this Agreement under subsection
10.9B) and be released from its obligations under this Agreement (and, in the case of an Assignment
Agreement covering all or the remaining portion of an assigning Lender’s rights and obligations
under this Agreement, such Lender shall cease to be a party hereto; provided that, anything
contained in any of the Loan Documents to the contrary notwithstanding, if such Lender is the
Issuing Lender with respect to any outstanding Letters of Credit such Lender shall continue to have
all rights and obligations of an Issuing Lender with respect to such Letters of Credit until the
cancellation or expiration of such Letters of Credit and the reimbursement of any amounts drawn
thereunder). The Commitments hereunder shall be modified to reflect the Commitment of such
assignee and any remaining Commitment of such assigning Lender and, if any such assignment occurs
after the issuance of the Notes hereunder, the assigning Lender shall, upon the effectiveness of
such assignment or as promptly thereafter as practicable, surrender its applicable Notes to
Administrative Agent for cancellation, and thereupon new Notes shall be issued to the assignee
and/or to the assigning Lender, substantially in the form of Exhibit IV or Exhibit
V annexed hereto, as the case may be, with appropriate insertions, to reflect the new
Commitments and/or outstanding Loans, as the case may be, of the assignee and/or the assigning
Lender.

          (ii) Acceptance by Administrative Agent; Recordation in Register. Upon its receipt of
an Assignment Agreement executed by an assigning Lender and an assignee representing that it is an
Eligible Assignee, together with the processing and recordation fee referred to in subsection
10.1B(i) and any forms, certificates or other evidence with respect to United States

 

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federal income tax withholding matters that such assignee may be required to deliver to
Administrative Agent pursuant to subsection 2.7B(iii)(a), Administrative Agent shall, if
Administrative Agent and Company have consented to the assignment evidenced thereby (in each case
to the extent such consent is required pursuant to subsection 10.1B(i)), (a) accept such Assignment
Agreement by executing a counterpart thereof as provided therein (which acceptance shall evidence
any required consent of Administrative Agent to such assignment), (b) record the information
contained therein in the Register, and (c) promptly provide a copy of the Register to Company on
the last Business Day of each quarter and at its request from time to time. Administrative Agent
shall maintain a copy of each Assignment Agreement delivered to and accepted by it as provided in
this subsection 10.1B(ii).

          C. Participations. The holder of any participation, other than an Affiliate of the
Lender granting such participation, shall not be entitled to require such Lender to take or omit to
take any action hereunder except action directly affecting (i) the extension of the scheduled final
maturity date of any Loan allocated to such participation or (ii) a reduction of the principal
amount of or the rate of interest payable on any Loan allocated to such participation, and all
amounts payable by Company hereunder (including amounts payable to such Lender pursuant to
subsections 2.6D, 2.7 and 3.6) shall be determined as if such Lender had not sold such
participation. Company and each Lender hereby acknowledge and agree that, solely for purposes of
subsections 10.4 and 10.5, (a) any participation will give rise to a direct obligation of Company
to the participant and (b) the participant shall be considered to be a “Lender”.

          D. Pledges of Obligations. In addition to the assignments and participations
permitted under the foregoing provisions of this subsection 10.1, any Lender may assign and pledge
all or any portion of its Loans, the other Obligations owed to such Lender, and its Notes to secure
obligations of such Lender including without limitation any assignment or pledge to a Federal
Reserve Bank as collateral security pursuant to Regulation A of the Board of Governors of the
Federal Reserve System and any operating circular issued by such Federal Reserve Bank; provided
that (i) no Lender shall, as between Company and such Lender, be relieved of any of its obligations
hereunder as a result of any such assignment and pledge and (ii) in no event shall such Federal
Reserve Bank be considered to be a “Lender” or be entitled to require the assigning Lender to take
or omit to take any action hereunder.

          E. Assignments to Special Purpose Funding Vehicles. In addition to the assignments and
participations permitted under the foregoing provisions of this subsection 10.1, any Lender (a
“Granting Lender”) may grant to special purpose funding vehicle (an “SPV”),
identified as such in writing from time to time by the Granting Lender to Administrative Agent and
Company, the option to provide to Company all or any part of any Loan that such Granting Lender
would otherwise be obligated to make Company pursuant to this Agreement; provided, (i) nothing
herein shall constitute a commitment by any SPV to make any Loan and (ii) if an SPV elects not to
exercise such option or otherwise fails to provide all or any part of such Loan, the Granting
Lender shall be obligated to make such Loan pursuant to the terms hereof. The making of a Loan by
an SPV hereunder shall utilize the Commitment of the Granting Lender to

 

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the same extent, and as if, such Loan were made by such Granting Lender. Each party hereto
hereby agrees that no SPV shall be liable for any indemnity or similar payment obligation under
this Agreement (all liability for which shall remain with the Granting Lender). In furtherance of
the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of
this Agreement) that, prior to the date that is one year and one day after the payment in full of
all outstanding commercial paper or other senior indebtedness of any SPV, it will not institute
against, or join any other person in instituting against, such SPV, any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceedings under the laws of the United States or any State
thereof. In addition, notwithstanding anything to the contrary contained in this subsection
10.1E(i), any SPV may (i) with notice to, but without the prior written consent of, Company and the
Administrative Agent and without paying any processing fee therefor, assign all or a portion of its
interests in any Loan to the Granting Lender or to any financial institutions (consented to by
Company and Administrative Agent) providing liquidity and/or credit support to or for the account
of such SPV to support the funding or maintenance of Loans and (ii) disclose on a confidential
basis any non-public information relating to its Loans to any rating agency, commercial paper
dealer or provider of any surety, guarantee or credit liquidity enhancement to such SPV. After the
date of a grant to any SPV, this section may not be amended without the written consent of such
SPV.

          F. Information. Each Lender may furnish any information concerning Company and its
Subsidiaries in the possession of that Lender from time to time to assignees and participants
(including prospective assignee and participants), subject to subsection 10.19.

          G. Representations of Lenders. Each Lender listed on the signature pages hereof
hereby represents and warrants (i) that it is an Eligible Assignee described in clause (A) of the
definition thereof; (ii) that it has experience and expertise in the making of or investing in
loans such as the Loans; and (iii) that it will make or invest in its Loans for its own account in
the ordinary course of its business and without a view to distribution of such Loans within the
meaning of the Securities Act or the Exchange Act or other federal securities laws (it being
understood that, subject to the provisions of this subsection 10.1, the disposition of such Loans
or any interests therein shall at all times remain within its exclusive control). Each Lender that
becomes a party hereto pursuant to an Assignment Agreement shall be deemed to agree that the
representations and warranties of such Lender contained in Section 2(c) of such Assignment
Agreement are incorporated herein by this reference.

          10.2. Expenses

          Whether or not the transactions contemplated hereby shall be consummated, Company agrees to
pay promptly after the presentation of invoices (i) all the actual and reasonable costs and
expenses of Agents in connection with the preparation of the Loan Documents and any consents,
amendments, waivers or other modifications thereto; (ii) all reasonable costs of furnishing all
opinions by counsel for Company (including any opinions requested by Lenders as to any legal
matters arising hereunder) and of Company’s performance of and compliance with

 

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all agreements and conditions on its part to be performed or complied with under this
Agreement and the other Loan Documents including with respect to confirming compliance with
environmental, insurance and solvency requirements; (iii) the reasonable fees, expenses and
disbursements of counsel to Agents (including allocated costs of internal counsel) in connection
with the negotiation, preparation, execution and administration of the Loan Documents and any
consents, amendments, waivers or other modifications thereto and any other documents or matters
requested by Company; (iv) all other actual and reasonable costs and expenses incurred by Agents in
connection with the syndication of the Commitments and any due diligence investigation performed by
the Lead Arrangers; and (v) after the occurrence of an Event of Default, all costs and expenses,
including reasonable attorneys’ fees (including allocated costs of internal counsel) and costs of
settlement, incurred by Agents and Lenders in enforcing any Obligations of or in collecting any
payments due from any Loan Party hereunder or under the other Loan Documents by reason of such
Event of Default (including in connection with the enforcement of the Subsidiary Guaranty) or in
connection with any refinancing or restructuring of the credit arrangements provided under this
Agreement in the nature of a “work-out” or pursuant to any insolvency or bankruptcy proceedings.

          10.3. Indemnity

          In addition to the payment of expenses pursuant to subsection 10.2, whether or not the
transactions contemplated hereby shall be consummated, Company agrees to defend (subject to
Indemnitees’ selection of counsel), indemnify, pay and hold harmless Agents and Lenders, and the
officers, directors, employees, trustee, agents and affiliates of Agents and Lenders (collectively
called the “Indemnitees”), from and against any and all Indemnified Liabilities (as
hereinafter defined); provided that Company shall not have any obligation to any Indemnitee
hereunder with respect to any Indemnified Liabilities to the extent such Indemnified Liabilities
arise solely from the gross negligence or willful misconduct of that Indemnitee as determined by a
final judgment of a court of competent jurisdiction.

          As used herein, “Indemnified Liabilities” means, collectively, any and all
liabilities, obligations, losses, damages (including natural resource damages), penalties, actions,
judgments, suits, claims (including Environmental Claims), costs, expenses and disbursements of any
kind or nature whatsoever (including the reasonable fees and disbursements of counsel for
Indemnitees in connection with any investigative, administrative or judicial proceeding commenced
or threatened by any Person, whether or not any such Indemnitee shall be designated as a party or a
potential party thereto, and any fees or expenses incurred by Indemnitees in enforcing this
indemnity), whether direct, indirect or consequential and whether based on any federal, state or
foreign laws, statutes, rules or regulations (including securities and commercial laws, statutes,
rules or regulations and Environmental Laws), on common law or equitable cause or on contract or
otherwise, that may be imposed on, incurred by, or asserted against any such Indemnitee, in any
manner relating to or arising out of (i) this Agreement or the other Loan Documents or the
transactions contemplated hereby or thereby (including Lenders’ agreement to make the Loans
hereunder or the use or intended use of the proceeds thereof or the issuance of Letters of

 

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Credit hereunder or the use or intended use of any thereof, or any enforcement of any of the
Loan Documents (including the enforcement of the Subsidiary Guaranty) or (ii) the statements
contained in the commitment letter delivered by any Lender to Company with respect thereto.

          To the extent that the undertakings to defend, indemnify, pay and hold harmless set forth in
this subsection 10.3 may be unenforceable in whole or in part because they are violative of any law
or public policy, Company shall contribute the maximum portion that it is permitted to pay and
satisfy under applicable law to the payment and satisfaction of all Indemnified Liabilities
incurred by Indemnitees or any of them.

          10.4. Set-Off

          In addition to any rights now or hereafter granted under applicable law and not by way of
limitation of any such rights, upon the occurrence and during the continuance of any Event of
Default each Lender is hereby authorized by Company at any time or from time to time, without
notice to Company or to any other Person, any such notice being hereby expressly waived, to set off
and to appropriate and to apply any and all deposits (general or special, including Indebtedness
evidenced by certificates of deposit, whether matured or unmatured, but not including trust
accounts) and any other Indebtedness at any time held or owing by that Lender to or for the credit
or the account of Company against and on account of the obligations and liabilities of Company to
that Lender under this Agreement, the Letters of Credit and participations therein and the other
Loan Documents, including all claims of any nature or description arising out of or connected with
this Agreement, the Letters of Credit and participations therein or any other Loan Document,
provided that said obligations and liabilities shall then be due and payable (whether by
acceleration or otherwise).

          10.5. Ratable Sharing

          Lenders hereby agree among themselves that if any of them shall, whether by voluntary payment
(other than a voluntary prepayment of Loans made and applied in accordance with the terms of this
Agreement), by realization upon security, through the exercise of any right of set-off or banker’s
lien, by counterclaim or cross action or by the enforcement of any right under the Loan Documents
or otherwise, or as adequate protection of a deposit treated as cash collateral under the
Bankruptcy Code, receive payment or reduction of a proportion of the aggregate amount of principal,
interest, amounts payable in respect of Letters of Credit, fees and other amounts owing to that
Lender hereunder or under the other Loan Documents (collectively, the “Aggregate Amounts
Owing” to such Lender) which is greater than the proportion received by any other Lender in
respect of the Aggregate Amounts Owing to such other Lender, then the Lender receiving such
proportionately greater payment shall (i) notify Administrative Agent and each other Lender of the
receipt of such payment and (ii) apply a portion of such payment to purchase participations (which
it shall be deemed to have purchased from each seller of a participation simultaneously upon the
receipt by such seller of its portion of such payment) in the Aggregate Amounts Owing to the other
Lenders so that all such recoveries of Aggregate Amounts Owing shall be shared by all Lenders in
proportion to the Aggregate Amounts Owing to them;

 

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provided
that if all or part of such proportionately greater payment received by such purchasing
Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization of Company or
otherwise, those purchases shall be rescinded and the purchase prices paid for such participations
shall be returned to such purchasing Lender ratably to the extent of such recovery, but without
interest. Company expressly consents to the foregoing arrangement and agrees that any holder of a
participation so purchased may exercise any and all rights of banker’s lien, set-off or
counterclaim with respect to any and all monies owing by Company to that holder with respect
thereto as fully as if that holder were owed the amount of the participation held by that holder.

          10.6. Amendments and Waivers

          A. No amendment, modification, termination or waiver of any provision of this Agreement or of
the Notes, and no consent to any departure by Company therefrom, shall in any event be effective
without the written concurrence of Requisite Lenders; provided that any such amendment,
modification, termination, waiver or consent which: reduces the principal amount of any of the
Loans; changes in any manner the definition of “Pro Rata Share” or the definition of “Requisite
Lenders” or the definition of “Majority Facility Lenders”; changes in any manner any provision of
this Agreement which, by its terms, expressly requires the approval or concurrence of all Lenders;
postpones the scheduled final maturity date of any of the Loans (but not the date of any scheduled
installment of principal); postpones the date on which any interest or any fees are payable;
decreases the interest rate borne by any of the Loans (other than any waiver of any increase in the
interest rate applicable to any of the Loans pursuant to subsection 2.2E or any waiver or amendment
to Section 7.4) or the amount of any fees payable to the Lenders hereunder; increases the maximum
duration of Interest Periods permitted hereunder; extends the required expiration date of any
Letter of Credit beyond the Revolving Commitment Termination Date; changes in any manner the
obligations of Lenders relating to the purchase of participations in Letters of Credit; releases
all or substantially all Subsidiary Guarantors from their respective obligations under the
Subsidiary Guaranty, in each case other than in accordance with the terms of the Loan Documents; or
changes in any manner the provisions contained in subsection 8.1 or this subsection 10.6 shall be
effective only if evidenced by a writing signed by or on behalf of all Lenders; provided, further,
that no such amendment, modification, termination, waiver or consent shall increase the Commitments
of a Lender over the amount hereof then in effect without the consent of such Lender; provided,
further, that if any matter described in this sentence relates only to (a) all Term Loans, the
approval of all Term Lenders shall be sufficient and (b) a Revolving Loan or Revolving Loan
Commitment, the approval of all Revolving Lenders shall be sufficient. In addition, (i) any
amendment, modification, termination or waiver of any of the provisions contained in Section 4 with
respect to any Revolving Loans or Letters of Credit made or issued after the Closing Date shall be
effective only if evidenced by a writing signed by or on behalf of Administrative Agent and
Majority Facility Lenders with respect to Revolving Loans, (ii) no amendment, modification,
termination or waiver of any provision of any Note shall be effective without the written
concurrence of the Lender which is the holder of that Note, (iii) no amendment, modification,
termination or waiver of any provision of subsection 2.1A(iii) or of any other provision of this
Agreement relating to the Swing Line Loan

 

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Commitment or the Swing Line Loans shall be effective without the written concurrence of Swing Line
Lender, (iv) no amendment, modification, termination or waiver of any Letter of Credit and no
amendment, modification, termination or waiver of Section 3 that changes in any manner the rights
and obligations of an Issuing Lender with respect to an outstanding Letter of Credit shall be
effective without the written concurrence of the Issuing Lender of such Letter of Credit and, with
respect to any reduction of the amount or postponement of the due date of any amount payable in
respect of any Letter of Credit, 100% of the Revolving Lenders, (v) no amendment, modification,
termination or waiver of any provision of Section 9 or of any other provision of this Agreement
which, by its terms, expressly requires the approval or concurrence of any Agent shall be effective
without the written concurrence of such Agent, (vi) any amendment, modification, termination or
waiver of any provision of this Agreement that adversely affects the rights of Lenders holding
Loans of any Class differently than those holding Loans of any other Class shall not be effective
without the written consent of Lenders holding a majority in interest of the outstanding Loans and
unused Commitments of each affected Class, (vii) any amendment, modification, termination or waiver
of any provision of this Agreement that extends the interim amortization of any Class shall not be
effective without the written consent of Lenders holding a majority in interest of the outstanding
Loans and unused Commitments of the Class whose interim amortization is so extended and (viii) any
amendment which (a) adds a new tranche of term loans to this Agreement, (b) increases the Base Rate
Margin or the Eurodollar Rate Margin applicable to any Class or (c) shortens the interim
amortization of any Class, shall not be effective without the written consent of Lenders holding a
majority in interest of the outstanding Loans and unused Commitments of each Class. Each such
amendment, modification, waiver or consent shall indicate with respect to each Lender party thereto
whether such Lender is executing in the capacity of a Requisite Lender and/or as a member of a
Class. Administrative Agent may, but shall have no obligation to, with the concurrence of any
Lender, execute amendments, modifications, waivers or consents on behalf of that Lender. Any
waiver or consent shall be effective only in the specific instance and for the specific purpose for
which it was given. No notice to or demand on Company in any case shall entitle Company to any
other or further notice or demand in similar or other circumstances. Any amendment, modification,
termination, waiver or consent effected in accordance with this subsection 10.6 shall be binding
upon each Lender at the time outstanding, each future Lender and, if signed by Company, on Company.

          B. Replacement of Lender. If, in connection with any proposed change, waiver,
discharge or termination to any of the provisions of this Agreement as contemplated by the first
proviso contained in the first sentence of subsection 10.6A, the consent of the Requisite Lenders
is obtained but the consent of one or more of such other Lenders whose consent is required is not
obtained, then Administrative Agent shall have the right with the consent of Company, so long as
all non-consenting Lenders whose individual consent is required are treated as described in either
clause (A) or (B) below, to either (A) replace each such non-consenting Lender or Lenders with one
or more Replacement Lenders pursuant to subsection 2.8 so long as at the time of such replacement
each outstanding Loan of each such Lender being replaced is repaid in full (including accrued and
unpaid interest or any fees or other amounts then due and payable) and so long as each such
Replacement Lender consents to the proposed change, waiver,

 

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discharge or termination or (B) terminate such non-consenting Lender’s Commitments and/or
repay in full each outstanding Loan of such Lender, provided that, unless the Commitments that are
terminated, and Loans repaid, pursuant to preceding clause (B) are immediately replaced in full at
such time through the addition of new Lenders or the increase of the Commitments and/or outstanding
Loans of existing Lenders (who in each case must specifically consent thereto), then in the case of
any action pursuant to preceding clause (B) the Requisite Lenders (determined after giving effect
to the proposed action) shall specifically consent thereto; provided, further, that Company shall
not have the right to terminate such non-consenting Lender’s Commitments and repay in full its
outstanding Loans pursuant to clause (B) if, immediately after the termination of such Lender’s
Revolving Loan Commitment, the Revolving Loan Exposure of all Lenders would exceed the Revolving
Loan Commitments of all Lenders; and provided, further, that in any event Administrative Agent
shall not have the right to replace a Lender, terminate its Commitments or repay its Loans solely
as a result of the exercise of such Lender’s rights (and the withholding of any required consent by
such Lender) to refuse to increase its Commitment over the amount then in effect pursuant to the
second proviso contained in the first sentence of subsection 10.6A.

          10.7. Independence of Covenants

          All covenants hereunder shall be given independent effect so that if a particular action or
condition is not permitted by any of such covenants, the fact that it would be permitted by an
exception to, or would otherwise be within the limitations of, another covenant shall not avoid the
occurrence of an Event of Default or Potential Event of Default if such action is taken or
condition exists.

          10.8. Notices

          Unless otherwise specifically provided herein, any notice or other communication herein
required or permitted to be given shall be in writing and may be personally served or sent by
telefacsimile or United States mail or courier service and shall be deemed to have been given when
delivered in person or by courier service, upon receipt of telefacsimile, or three Business Days
after depositing it in the United States mail with postage prepaid and properly addressed; provided
that notices to Agents shall not be effective until received; provided further, that the
Administrative Agent may make all notices, requests, financial statements, financial and other
reports, certificates and other information materials, but excluding any such communication that
(i) is or relates to a borrowing request or a continuation/conversion notice, (ii) relates to the
payment of any principal or other amount due under this Agreement prior to the scheduled date
therefor, (iii) provides notice of any Default or Event of Default under this Agreement or any
other Loan Document or (iv) is required to be delivered to satisfy any condition precedent to the
effectiveness of this Agreement and/or the Borrowing (all such non-excluded communications being
referred to herein collectively as “Communications”) available to the Lenders by posting
the Communications on Intralinks or a substantially similar electronic transmission system. For
the purposes hereof, the address of each party hereto shall be as set forth under such party’s name
on the signature pages hereof or (i) as to Company and any Agent, such other address as

 

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shall be designated by such Person in a written notice delivered to the other parties hereto
and (ii) as to each other party, such other address as shall be designated by such party in a
written notice delivered to Administrative Agent.

          10.9. Survival of Representations, Warranties
and Agreements

          A. All representations, warranties and agreements made herein shall survive the execution and
delivery of this Agreement and the making of the Loans and the issuance of the Letters of Credit
hereunder.

          B. Notwithstanding anything in this Agreement or implied by law to the contrary, the
agreements of Company set forth in subsections 2.6D, 2.7, 3.5A, 3.6, 10.2, 10.3 and 10.4 and the
agreements of Lenders set forth in subsections 9.2C, 9.4 and 10.5 shall to the extent set forth
therein survive the payment of the Loans, the cancellation or expiration of the Letters of Credit
and the reimbursement of any amounts drawn thereunder, and the termination of this Agreement.

          10.10. Failure or Indulgence Not Waiver; Remedies Cumulative

          No failure or delay on the part of any Agent or any Lender in the exercise of any power, right
or privilege hereunder or under any other Loan Document shall impair such power, right or privilege
or be construed to be a waiver of any default or acquiescence therein, nor shall any single or
partial exercise of any such power, right or privilege preclude other or further exercise thereof
or of any other power, right or privilege. All rights and remedies existing under this Agreement
and the other Loan Documents are cumulative to, and not exclusive of, any rights or remedies
otherwise available.

          10.11. Marshalling; Payments Set Aside

          Neither Administrative Agent nor any Lender shall be under any obligation to marshal any
assets in favor of Company or any other party or against or in payment of any or all of the
Obligations. To the extent that Company makes a payment or payments to Administrative Agent or
Lenders (or to Administrative Agent for the benefit of Lenders), or Administrative Agent or Lenders
enforce any security interests or exercise their rights of set-off, and such payment or payments or
the proceeds of such enforcement or set-off or any part thereof are subsequently invalidated,
declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee,
receiver or any other party under any bankruptcy law, any other state or federal law, common law or
any equitable cause, then, to the extent of such recovery, the obligation or part thereof
originally intended to be satisfied, and all Liens, rights and remedies therefor or related
thereto, shall be revived and continued in full force and effect as if such payment or payments had
not been made or such enforcement or setoff had not occurred.

 

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          10.12. Severability

          In case any provision in or obligation under this Agreement or the Notes shall be invalid,
illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the
remaining provisions or obligations, or of such provision or obligation in any other jurisdiction,
shall not in any way be affected or impaired thereby.

          10.13. Obligations Several; Independent Nature of Lenders’
Rights

          The obligations of Lenders hereunder are several and no Lender shall be responsible for the
obligations or Commitments of any other Lender hereunder. Nothing contained herein or in any other
Loan Document, and no action taken by Lenders pursuant hereto or thereto, shall be deemed to
constitute Lenders as a partnership, an association, a joint venture or any other kind of entity.
The amounts payable at any time hereunder to each Lender shall be a separate and independent debt,
and each Lender shall be entitled to protect and enforce its rights arising out of this Agreement
and it shall not be necessary for any other Lender to be joined as an additional party in any
proceeding for such purpose.

          10.14. Headings

          Section and subsection headings in this Agreement are included herein for convenience of
reference only and shall not constitute a part of this Agreement for any other purpose or be given
any substantive effect.

          10.15. Applicable Law

          THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY,
AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK.

          10.16. Successors and Assigns

          This Agreement shall be binding upon the parties hereto and their respective successors and
assigns and shall inure to the benefit of the parties hereto and the successors and assigns of
Lenders (it being understood that Lenders’ rights of assignment are subject to subsection 10.1).
Neither Company’s rights or obligations hereunder nor any interest therein may be assigned or
delegated by Company without the prior written consent of all Lenders.

 

-100-

          
10.17. CONSENT TO JURISDICTION AND SERVICE OF PROCESS

          ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST COMPANY ARISING OUT OF OR RELATING TO THIS AGREEMENT
OR ANY OTHER LOAN DOCUMENT, OR ANY OBLIGATIONS THEREUNDER, MAY BE BROUGHT IN ANY STATE OR FEDERAL
COURT OF COMPETENT JURISDICTION IN THE STATE, COUNTY AND CITY OF NEW YORK. BY EXECUTING AND
DELIVERING THIS AGREEMENT, COMPANY, FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY

     (i) ACCEPTS GENERALLY AND UNCONDITIONALLY THE NONEXCLUSIVE JURISDICTION AND VENUE OF
SUCH COURTS;

     (ii) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS WITH RESPECT TO ANY STATE OR FEDERAL
COURT OF COMPETENT JURISDICTION IN THE STATE, COUNTY AND CITY OF NEW YORK;

     (iii) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY
BE MADE BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO COMPANY AT ITS ADDRESS
PROVIDED IN ACCORDANCE WITH SUBSECTION 10.8;

     (iv) AGREES THAT SERVICE AS PROVIDED IN CLAUSE (iii) ABOVE IS SUFFICIENT TO CONFER
PERSONAL JURISDICTION OVER COMPANY IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE
CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT;

     (v) AGREES THAT LENDERS RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED
BY LAW OR TO BRING PROCEEDINGS AGAINST COMPANY IN THE COURTS OF ANY OTHER JURISDICTION; AND

     (vi) AGREES THAT THE PROVISIONS OF THIS SUBSECTION 10.17 RELATING TO JURISDICTION AND
VENUE SHALL BE BINDING AND ENFORCEABLE TO THE FULLEST EXTENT PERMISSIBLE UNDER NEW YORK
GENERAL OBLIGATIONS LAW SECTION 5-1402 OR OTHERWISE.

          10.18. WAIVER OF JURY TRIAL

          EACH OF THE PARTIES TO THIS AGREEMENT HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY
TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OF THE
OTHER LOAN DOCUMENTS OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS LOAN
TRANSACTION OR THE LENDER/BOR-

 

-101-

ROWER RELATIONSHIP THAT IS BEING ESTABLISHED. The scope of this waiver is intended to be
all-encompassing of any and all disputes that may be filed in any court and that relate to the
subject matter of this transaction, including contract claims, tort claims, breach of duty claims
and all other common law and statutory claims. Each party hereto acknowledges that this waiver is
a material inducement to enter into a business relationship, that each has already relied on this
waiver in entering into this Agreement, and that each will continue to rely on this waiver in their
related future dealings. Each party hereto further warrants and represents that it has reviewed
this waiver with its legal counsel and that it knowingly and voluntarily waives its jury trial
rights following consultation with legal counsel. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY
NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY
REFERRING TO THIS SUBSECTION 10.18 AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER
SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT
OR ANY OF THE OTHER LOAN DOCUMENTS OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE LOANS
MADE HEREUNDER. In the event of litigation, this Agreement may be filed as a written consent to a
trial by the court.

          10.19. Confidentiality

          Each Lender shall hold all non-public information obtained pursuant to the requirements of
this Agreement which has been identified as confidential by Company in accordance with such
Lender’s customary procedures for handling confidential information of this nature and in
accordance with safe and sound banking practices, if applicable, it being understood and agreed by
Company that in any event a Lender may make disclosures to the accountants, auditors, attorneys,
and Affiliates of such Lender or disclosures reasonably required by any bona fide assignee,
transferee or participant or to any actual or prospective contractual counterparty (or its advisor)
to any securitization, hedge or other derivative transaction in connection with the contemplated
assignment or transfer by such Lender of any Loans or any participations therein or disclosures
required or requested by any governmental agency or representative thereof or pursuant to legal
process; provided that, in each of the foregoing cases, the Person to which disclosure is to be
made is informed of the confidential nature of such information and agrees to maintain its
confidentiality; provided, further, that, unless specifically prohibited by applicable law or court
order, each Lender shall notify Company of any request by any governmental agency or representative
thereof (other than any such request in connection with any routine compliance examination or
examination of the financial condition of such Lender by such governmental agency) for disclosure
of any such non-public information prior to disclosure of such information; and provided, further,
that in no event shall any Lender be obligated or required to return any materials furnished by
Company or any of its Subsidiaries. Any Person required to maintain the confidentiality of
information as provided in this subsection shall be considered to have complied with its obligation
to do so if such Person has exercised the same degree of care to maintain the confidentiality of
such information as such person would accord to its own confidential information.

 

-102-

          10.20. Counterparts; Effectiveness

          This Agreement and any amendments, waivers, consents or supplements hereto or in connection
herewith may be executed in any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed and delivered shall be deemed an original, but all
such counterparts together shall constitute but one and the same instrument; signature pages may be
detached from multiple separate counterparts and attached to a single counterpart so that all
signature pages are physically attached to the same document. This Agreement shall become
effective upon the execution of a counterpart hereof by each of the parties hereto and receipt by
Company and Administrative Agent of written or telephonic notification of such execution and
authorization of delivery thereof.

          10.21. USA Patriot Act

          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 Company 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”), they are required to obtain, verify and record information that identifies the
Company, 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 Company in
accordance with the Act.”

[Signature Pages Follow]

 

 

 

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

	 	 	 	 	 	 	 	 	 
	 	 	COMPANY:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	EXPRESS SCRIPTS, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Edward Stiften	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Edward Stiften	 	 
	 

	 	 	 	Title:
	 	Senior Vice President and Chief	 	 
	 

	 	 	 	 	 	Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	13900 Riverport Drive	 	 
	 	 	Maryland Heights, Missouri 63043	 	 
	 	 	Attention: Treasurer	 	 

 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	CREDIT SUISSE,	 	 
	 	 	     Cayman Islands Branch, as Joint Lead Arranger	 	 
	 	 	     and Administrative Agent	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Karim Blasetti	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Karim Blasetti	 	 
	 

	 	 	 	Title:
	 	Associate	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Phillip Ho	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Phillip Ho	 	 
	 

	 	 	 	Title:
	 	Director	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Eleven Madison Avenue	 	 
	 	 	New York, New York 10010	 	 
	 	 	Attention: Carolyn Tee	 	 
	 	 	Telephone: (212) 325-9936	 	 
	 	 	Facsimile: (212) 325-8304	 	 

 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	CITIGROUP GLOBAL MARKETS INC.,	 	 
	 	 	     as Joint Lead Arranger and Syndication Agent	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Arnold Y. Wong	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Arnold Y. Wong	 	 
	 

	 	 	 	Title:
	 	Director	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	388 Greenwich Street	 	 
	 	 	21st Floor	 	 
	 	 	New York, New York 10013	 	 
	 	 	Attention: Allen Fisher	 	 
	 	 	Telephone: (212) 816-5254	 	 
	 	 	Facsimile: (646) 291-1623	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	LENDERS:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	CREDIT SUISSE,	 	 
	 	 	     Cayman Islands Branch, as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Phillip Ho	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Phillip Ho	 	 
	 

	 	 	 	Title:
	 	 Director	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Karim Blasetti	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Karim Blasetti	 	 
	 

	 	 	 	Title:
	 	 Associate	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Eleven Madison Avenue	 	 
	 	 	New York, New York 10010	 	 
	 	 	Attention: Carolyn Tee	 	 
	 	 	Telephone: (212) 325-9936	 	 
	 	 	Facsimile: (212) 325-8304	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	CITICORP NORTH AMERICA, INC.,	 	 
	 	 	     as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Arnold Y. Wong
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Arnold Y. Wong	 	 
	 

	 	 	 	Title:
	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	388 Greenwich Street	 	 
	 	 	21st Floor	 	 
	 	 	New York, New York 10013	 	 
	 	 	Attention: Allen Fisher	 	 
	 	 	Telephone: (212) 816-5254	 	 
	 	 	Facsimile: (646) 291-1623	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	UNION BANK OF CALIFORNIA, N.A.	 	 
	 	 	     as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Michael Tschida	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Michael Tschida	 	 
	 

	 	 	 	Title:
	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 
	 	 	445 S. Figueroa Street — 16th Floor	 	 
	 	 	Los Angeles, CA 90071	 	 
	 	 	Telephone: (213) 236-5273	 	 
	 	 	Facsimile: (213) 236-7636	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Attention: National Corporate Banking	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A., as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Christopher C. Cavaiani
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Christopher C. Cavaiani	 	 
	 

	 	 	 	Title:
	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 
	 	 	10 S. Dearborn	 	 
	 	 	Mail Suite IL1-0010	 	 
	 	 	Chicago, IL 60603	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Attention:	 	 
	 	 	Marlene Zanoria	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	THE BANK OF NOVA SCOTIA	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Carolyn A. Calloway	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Carolyn A. Calloway	 	 
	 

	 	 	 	Title:
	 	Managing Director	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 
	 	 	600 Peachtree Street NE, Suite 2700	 	 
	 	 	Atlanta, Georgia 30308	 	 
	 	 	Attention: Robert Gass	 	 
	 	 	Telephone: (404) 877-1571	 	 
	 	 	Facsimile: (404) 888-8998	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	CALYON NEW YORK BRANCH, as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Attila Coach
	 	 	 	 	 	 	 
	 	 	 	 	Name: Attila Coach
	 	 	 	 	Title: Managing Director
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Douglas Weir
	 	 	 	 	 	 	 
	 	 	 	 	Name: Douglas Weir
	 	 	 	 	Title: Director
	 
	 	 	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Calyon Building	 	 
	 	 	1301 Avenue of the Americas	 	 
	 	 	New York, New York 10019-6022	 	 
	 	 	Telephone: (212) 261-3886	 	 
	 	 	Facsimile: (212) 261-3440	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	SUNTRUST BANK,	 	 
	 	 	     as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ William D. Priester	 	 
	 	 	 	 	 	 	 
	 	 	 	 	Name: William D. Priester	 	 
	 

	 	 	 	Title:
	 	Director	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 
	 	 	201 4th Avenue North, 3rd Floor	 	 
	 	 	Nashville, Tennessee 37219	 	 
	 	 	Attention: William D. Priester	 	 
	 	 	Telephone: (615) 748-5969	 	 
	 	 	Facsimile: (615) 748-5269	 	 

 

 

	 	 	 	 	 
	 	 	Deutsche Bank AG New York Branch, as a Lender (please type)
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Frederick W. Laird
	 

	 	 	 	 
	 

	 	 	 	Name: Frederick W. Laird
	 

	 	 	 	Title: Managing Director
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Ming K. Chu
	 

	 	 	 	 
	 

	 	 	 	Name: Ming K. Chu
	 

	 	 	 	Title: Vice President
	 
	 	 	 	 
	 	 	Notice Address:
	 	 	Deutsche Bank
	 	 	60 Wall Street
	 	 	New York, NY 10005
	 
	 	 	 	 
	 	 	Attention: Ming K. Chu

 

 

	 	 	 	 	 
	 	 	The Royal Bank of Scotland plc,
as Co-Documentation Agent
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Iain Stewart
	 

	 	 	 	 
	 

	 	 	 	Name: Iain Stewart
	 

	 	 	 	Title: Managing Director
	 
	 	 	 	 
	 	 	Notice Address:
	 	 	101 Park Avenue

12th Floor

New York, New York 10178

Attention: Iain Stewart

Telephone: (212) 401-3606

Facsimile: (212) 401-3456

 

 

	 	 	 	 	 
	 	 	PNC BANK, NATIONAL ASSOCIATION,

as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jeffrey L. Stein
	 

	 	 	 	 
	 

	 	 	 	Name: Jeffrey L. Stein
	 

	 	 	 	Title: Vice President
	 
	 	 	 	 
	 	 	Notice Address:
	 	 	201 East Fifth Street

Cincinnati, Ohio 45202

Attention: Jeffrey L. Stein

Telephone: (513) 651-8692

Facsimile: (513) 651-8951

 

 

 

	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A.
	 
	 	 	 	 
	 	 	as a Lender
	 
	 	 	 	 
	 

	 	By:	 	/s/ Richard C. Hardison
	 

	 	 	 	 
	 

	 	 	 	Name:  Richard C. Hardison
	 

	 	 	 	Title:  Vice President
	 
	 	 	 	 
	 	 	Notice Address:
	 
	 	 	 	 
	 	 	Attention:

 

 

	 	 	 	 	 
	 	 	United Overseas Bank Limited, New York Agency

as a Lender (please type)
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Kwong Yew Wong
	 

	 	 	 	 
	 

	 	 	 	Name: Kwong Yew Wong
	 

	 	 	 	Title: FVP & General Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Philip Cheong
	 

	 	 	 	 
	 

	 	 	 	Name: Philip Cheong
	 

	 	 	 	Title: VP & Deputy General Manager
	 
	 	 	 	 
	 	 	Notice Address:
	 	 	592 Fifth Avenue, 10th Floor

	 	 	New York, NY 10036
	 
	 	 	 	 
	 	 	Attention:
	 	 	Kwong Yew Wong, FVP & General Manager

 

 

	 	 	 	 	 
	 	 	MIZUHO CORPORATE BANK (USA),

as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Raymond Ventura
	 

	 	 	 	 
	 

	 	 	 	Name: Raymond Ventura
	 

	 	 	 	Title: Deputy General Manager
	 
	 	 	 	 
	 	 	Notice Address:
	 	 	1251 Avenue of the Americas
	 	 	New York, New York 10020
	 
	 	 	 	 
	 	 	Attention: Vadim Mulodzhanov
	 	 	Telephone: (212) 282-3559
	 	 	Facsimile: (212) 282-4488

 

 

 

	 	 	 	 	 
	 	 	Commerzbank AG, New York and Grand Cayman
Branches, as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Al Morrow
	 

	 	 	 	 
	 

	 	 	 	Name: Al Morrow
	 

	 	 	 	Title: Assistant Vice President
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Hajo Neugaertner
	 

	 	 	 	 
	 

	 	 	 	Name: Hajo Neugaertner
	 

	 	 	 	Title: Vice President
	 
	 	 	 	 
	 	 	Notice Address:
	 	 	Commerzbank AG, New York Branch
	 	 	Two World Financial Center
	 	 	New York, NY 10281
	 
	 	 	 	 
	 	 	Attention:
	 	 	Ms. Victoria Montero
	 	 	Phone: 212.266.7441
	 	 	Fax: 212.266.7593
	 	 	E-mail: vmontero@cbkna.com

 

 

 

	 	 	 	 	 
	 	 	FORTIS CAPITAL CORP.
	 
	 	 	 	 
	 	 	as a Lender
	 
	 	 	 	 
	 
	 	By:	 	/s/ John W. Deegan
	 
	 	 	 	 
	 
	 	 	 	Name: John W. Deegan
	 
	 	 	 	Title: Senior Vice President
	 
	 	 	 	 
	 
	 	By:	 	/s/ K. De Lothauwer
	 
	 	 	 	 
	 
	 	 	 	Name: K. De Lothauwer
	 
	 	 	 	Title: Senior Vice President
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	Notice Address: 520
Madison Avenue

                            New York, New York 10022

                            Telephone: (212) 340-5362

                            Facsimile: (212) 340-5320
	 
	 	 	 	 
	 	 	Attention: John Spillane

 

 

 

	 	 	 	 	 
	 	 	SUMITOMO MITSUI BANKING CORPORATION, as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David A. Buck
	 

	 	 	 	 
	 

	 	 	 	Name: David A. Buck
	 

	 	 	 	Title: Senior Vice President
	 
	 	 	 	 
	 	 	Notice Address:
	 	 	Sumitomo Mitsui Banking Corporation
	 	 	277 Park Avenue, 6th Floor
	 	 	New York, NY 10172
	 
	 	 	 	 
	 	 	Attention:
	 	 	Mr. Edward McColly
	 	 	Vice President & Department Head

 

 

 

	 	 	 	 	 
	 	 	Wachovia Bank, N.A.,
as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Richard L. Nelson
	 

	 	 	 	 
	 

	 	 	 	Name: Richard L. Nelson
	 

	 	 	 	Title: Vice President
	 
	 	 	 	 
	 	 	Notice Address:
	 	 	301 S. College St.
	 	 	Mailcode: NC-0760
	 	 	Charlotte, NC
	 	 	28288
	 
	 	 	 	 
	 	 	Attention: Richard Nelson

 

 

 

	 	 	 	 	 	 	 
	 	 	U.S. Bank, N.A.,
	 	 	as a Lender
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Michael E. Dorn
	 	 	 	 	 
	 

	 	 	 	Name: Michael E. Dorn
	 	 
	 

	 	 	 	Title: Vice President
	 	 
	 
	 	 	 	 	 	 
	 	 	Notice Address:
	 	 	U.S. Bank
	 	 	7th & Washington
	 	 	SL-MO T11SI
	 	 	St. Louis, MO
	 	 	63101
	 
	 	 	 	 	 	 
	 	 	Attention: Michael E. Dorn

 

	 	 	 	 	 
	 	 	Fifth Third Bank, A Michigan banking corporation
	 	 	as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Mary Ann Lemonds
	 

	 	 	 	 
	 

	 	 	 	Name: Mary Ann Lemonds
	 

	 	 	 	Title: Vice President
	 
	 	 	 	 
	 	 	Notice Address:
	 	 	Fifth Third Bank
	 	 	8000 Maryland Ave Suite 1400
	 	 	St. Louis MO 63105
	 
	 	 	 	 
	 	 	Attention: Mary Ann Lemonds

 

	 	 	 	 	 
	 	 	BAYERISCHE LANDESBANK,
	 
	 	 	 	 
	 	 	     Cayman Islands Branch, as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Norman McClave
	 

	 	 	 	 
	 

	 	 	 	Norman McClave, First Vice President
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Matthew DeCarlo
	 

	 	 	 	 
	 

	 	 	 	Matthew DeCarlo, Vice President
	 
	 	 	 	 
	 	 	Notice Address:
	 	 	Bayerische Landesbank, Cayman Islands Branch
	 	 	560 Lexington Avenue
	 	 	New York, NY 10022
	 	 	Attention: Patricia Sanchez
	 	 	                    (T) 212 310 9810
	 	 	                    (F) 212 310 9930

 

	 	 	 	 	 
	 	 	THE BANK OF NEW YORK,
	 
	 	 	 	 
	 	 	as a Lender
	 
	 	 	 	 
	 

	 	By:	 	/s/ Jonathan Rollins, CFA
	 

	 	 	 	 
	 	 	Name: Jonathan Rollins, CFA
	 	 	Title: Vice President
	 
	 	 	 	 
	 	 	Notice Address: One Wall Street

	 	 	
             
             Corporate Banking Administration - 22nd Fl.

             
             New York, New York 10286

                          
Telephone: (212) 635-6652

             
             Facsimile: (212) 635-6397

	 
	 	 	 	 
	 	 	Attention: Janeth Lopez

 

	 	 	 	 	 	 	 
	 	 	UFJ Bank Limited
	 	 	     as a Lender
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ John T. Feeney
	 	 	 	 	 
	 

	 	 	 	Name: John T. Feeney
	 	 
	 

	 	 	 	Title: Vice President
	 	 

	 	 	 	 	 
	 	 	Notice Address:
	 	 	55 East 52nd Street

	 	 	New York, NY 10055
	 
	 	 	 	 
	 

	 	Attention: John T. Feeney
	 	 
	 

	 	Telephone: 212-339-6366
	 	 
	 

	 	Facsimile: 212-754-1304
	 	 

 

	 	 	 	 	 	 	 
	 	 	LANDESBANK BADEN-WÜRTTEMBERG,
	 	 	     New York Branch and/or Cayman Islands
	 	 	     Branch as a Lender
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Andreas Oberem
	 	 	 	 	 
	 

	 	 	 	Name: Andreas Oberem
	 	 
	 

	 	 	 	Title: Senior Vice President
	 	 
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Konrad Kestering
	 	 	 	 	 
	 

	 	 	 	Name: Konrad Kestering
	 	 
	 

	 	 	 	Title: Assistant Vice President
	 	 
	 
	 	 	 	 	 	 
	 	 	Notice Address:
	 	 	280 Park Avenue
	 	 	31st Floor, West Building
	 	 	New York, New York 10017
	 	 	Attention: Claudia Rothe
	 	 	Telephone: (212) 584-1720
	 	 	Facsimile: (212) 584-1729

 

	 	 	 	 	 	 	 
	 	 	THE BANK OF TOKYO-MITSUBISHI, LTD.,
	 	 	     CHICAGO BRANCH,
	 	 	     as a Lender
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Tsuguyuki Umene
	 	 	 	 	 
	 

	 	 	 	Name: Tsuguyuki Umene
	 	 
	 

	 	 	 	Title: Deputy General Manager
	 	 
	 
	 	 	 	 	 	 
	 	 	Notice Address:
	 	 	227 West Monroe Street, Suite 2300
	 	 	Chicago, Illinois 60606
	 	 	Attention: Alex Lam
	 	 	Telephone: (312) 696-4662
	 	 	Facsimile: (312) 696-4535

 

	 	 	 	 	 	 	 
	 	 	Bank of China, New York Branch,
	 	 	as a Lender
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ William W. Smith
	 	 	 	 	 
	 

	 	 	 	Name: William W. Smith
	 	 
	 

	 	 	 	Title: Deputy General Manager
	 	 
	 
	 	 	 	 	 	 
	 	 	Notice Address:
	 	 	410 Madison Avenue
	 	 	New York, NY 10017
	 
	 	 	 	 	 	 
	 	 	Attention:
	 	 	Corporate Banking Department
	 	 	David Hoang
	 	 	Ref: Express Scripts Inc, CA 10-14-05

 

	 	 	 	 	 	 	 
	 	 	National City Bank of the Midwest,	 	 
	 	 	as a Lender (please type)	 	 
	 

	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Joseph L. Sooter, Jr.	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Joseph L. Sooter, Jr.	 	 
	 

	 	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 
	 	 	 	 	 	 
	 	 	Attention:	 	 

 

	 	 	 	 	 	 	 
	 	 	CHANG HWA COMMERCIAL BANK, LTD.,	 	 
	 	 	NEW YORK BRANCH	 	 
	 	 	as a Lender (please type)	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jim C.Y. Chen	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Jim C.Y. Chen	 	 
	 

	 	 	 	Title: VP & General Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 
	 	 	 	 	 	 
	 	 	685 Third Avenue,	 	 
	 	 	29th Floor	 	 
	 	 	New York, New York 10017	 	 
	 	 	Attention: Danielle Tsai	 	 
	 	 	Telephone: (212) 651-9770 ext. 29	 	 
	 	 	Facsimile: (212) 651-9785	 	 

 

	 	 	 	 	 	 	 
	 	 	The Norinchukin Bank, New York Branch,	 	 
	 	 	   as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Masanori Shoji	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Masanori Shoji	 	 
	 

	 	 	 	Title: Joint General Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 	 	245 Park Avenue, 29th Floor	 	 
	 	 	New York, New York 10167-0104	 	 

 

	 	 	 	 	 	 	 
	 	 	ALLIED IRISH BANKS PLC,	 	 
	 	 	   as a Lender	 	 
	 

	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Margaret Brennan	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:   Margaret Brennan	 	 
	 

	 	 	 	Title:   Senior Vice President	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Roison O’Connell	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:   Roison O’Connell	 	 
	 

	 	 	 	Title:   Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 	 	Allied Irish Bank	 	 
	 	 	405 Park Ave., 4th Floor,	 	 
	 	 	New York, NY 10022	 	 
	 
	 	 	 	 	 	 
	 	 	Attention: Roison O’Connell	 	 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	First Commercial Bank, New York Agency,	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Bruce M.J. Ju	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Bruce M.J. Ju	 	 
	 

	 	 	 	Title: VP & General Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 	 	750 3rd Street	 	 
	 	 	34th Floor	 	 
	 	 	New York, NY 10017	 	 
	 
	 	 	 	 	 	 
	 	 	Attention: Julie Yang	 	 
	 	 	Telephone: (212) 599-6868, ext. 214	 	 
	 	 	Facsimile: (212) 599-6133	 	 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Bank Leumi USA,	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Richard Tripaldi	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Richard Tripaldi	 	 
	 

	 	 	 	Title: Banking Officer	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Michaela Klein	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Michaela Klein	 	 
	 

	 	 	 	Title: Senior Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 	 	562 Fifth Avenue	 	 
	 	 	New York, NY 10036	 	 
	 
	 	 	 	 	 	 
	 	 	Attention: Richard Tripaldi	 	 
	 	 	Telephone: (212) 626-1129	 	 
	 	 	Facsimile: (212) 407-4317	 	 

 

	 	 	 	 	 	 	 
	 	 	ERSTE BANK,	 	 
	 	 	as a Lender	 	 
	 

	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Paul Judicke	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Paul Judicke	 	 
	 

	 	 	 	Title: Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Bryan Lynch	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Bryan Lynch	 	 
	 

	 	 	 	Title: First Vice President	 	 
	 
	 	 	Notice Address:	 	 
	 
	 	 	 	 	 	 
	 	 	Attention:	 	 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	The International Commercial Bank of China,	 	 
	 	 	New York Agency	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Nae-Yee Lung	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Nae-Yee Lung	 	 
	 

	 	 	 	Title: EVP & General Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 
	 	 	 	 	 	 
	 	 	65 Liberty Street	 	 
	 	 	New York, NY 10005	 	 
	 
	 	 	 	 	 	 
	 	 	Attention: Louis W. Chang	 	 
	 	 	Telephone: 212-8159168	 	 
	 	 	Facsimile: 212-7665006	 	 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	International Commercial Bank of China, Los	 	 
	 	 	Angeles Branch,	 	 
	 	 	as a Lender (please type)	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Richard C.H. Tu	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Richard C.H. Tu	 	 
	 

	 	 	 	Title: VP & Deputy GM	 	 
	 
	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 	 	International Commercial Bank of China, Los	 	 
	 	 	Angeles Branch	 	 
	 	 	445 S. Figueroa St.,
Suite #1900	 	 
	 	 	Los Angeles, CA 90071	 	 
	 
	 	 	Attention:	 	 
	 	 	Angela Sheu 213-426-3872	 	 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	KBC Bank N.V.,	 	 
	 	 	    as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jose Pollcarpio, Jr.	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Joe Pollcarpio, Jr.	 	 
	 

	 	 	 	Title: Assistant Vice President	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert Snauffer	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Robert Snauffer	 	 
	 

	 	 	 	Title: First Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 
	 	 	 	 	 	 
	 	 	KBC Bank N.V.	 	 
	 	 	125 West 55th Street	 	 
	 	 	New York, NY 10019	 	 
	 	 	Telephone: (212) 541-0657	 	 
	 	 	Facsimile: (212) 956-5581	 	 
	 	 	Attention: Rose Pagan- Loan Administration	 	 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	The Northern Trust Company,	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Ashish S. Bhagwat	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Ashish S. Bhagwat	 	 
	 

	 	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 	 	50 S. LaSalle Street	 	 
	 	 	Chicago, IL 60603	 	 
	 	 	Attention: Sharon Jackson	 	 
	 	 	Telephone: (312) 630-1609	 	 
	 	 	Facsimile: (312) 630-1566	 	 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	WELLS FARGO BANK, N.A.,	 	 
	 	 	    as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Peter Martinets	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Peter Martinets	 	 
	 

	 	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Melissa Nachman	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Melissa Nachman	 	 
	 

	 	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 	 	230 West Monroe, Suite 2900	 	 
	 	 	Chicago, IL 60606	 	 
	 	 	Attention: Blake Cunneen	 	 
	 	 	Telephone: (312) 845-9740	 	 
	 	 	Facsimile: (312) 553-4783	 	 

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Hua Nan Commercial
Bank, Ltd. Los Angeles

    Branch, as
a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ David Y.C. Cheng	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: David Y.C. Cheng	 	 
	 

	 	 	 	Title: SVP & General Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 	 	707 Wilshire Blvd., #3100	 	 
	 	 	Los Angeles Branch	 	 
	 	 	Los Angeles, CA 90017	 	 
	 
	 	 	 	 	 	 
	 	 	Attention: Howard Hung	 	 

 

 

	 	 	 	 	 
	 	 	HUA NAN COMMERCIAL BANK, LTD
	 
	 	 	 	 
	 	 	NEW YORK AGENCY,
	 	 	   as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Daniel Huang
	 

	 	 	 	 
	 

	 	 	 	Name:  Daniel Huang
	 

	 	 	 	Title:    General Manager
	 
	 	 	 	 
	 	 	Notice Address:
	 	 	330 Madison Ave, 38th flr
	 	 	New York, NY 10017
	 
	 	 	 	 
	 	 	Attention: Frank Tang
	 
	 	 	 	 
	 	 	Telephone: 212-286-1999
	 	 	Facsimile: 212-286-1212

 

 

	 	 	 	 	 
	 	 	WESTLB AG, NEW YORK BRANCH
	 
	 	 	 	 
	 	 	as a Lender (please type)
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Salvatore Battinelli
	 

	 	 	 	 
	 

	 	 	 	Name:  Salvatore Battinelli
	 

	 	 	 	Title:    Managing Director
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Cyril Derveloy
	 

	 	 	 	 
	 

	 	 	 	Name:  Cyril Derveloy
	 

	 	 	 	Title:   Associate Director
	 
	 	 	 	 
	 	 	Notice Address:
	 	 	1211 Ave. of the Americas
	 	 	New York, NY 10036
	 
	 	 	 	 
	 	 	Attention:
	 	 	Brendan McGlynn
	 	 	tel: 212-852-6373
	 	 	fax: 212-597-1428
	 	 	brendan_mcglynn@westlb.com

 

 

	 	 	 	 	 
	 	 	Cathay United Bank, Ltd., Los Angeles Agency,
	 	 	   as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Grace Chou
	 

	 	 	 	 
	 

	 	 	 	Name:  Grace Chou
	 

	 	 	 	Title:    VP & Deputy General Manager
	 
	 	 	 	 
	 	 	Notice Address:
	 	 	555 West Fifth Street, Suite 3850
	 	 	Los Angeles, CA 90013-1027
	 	 	Attention: Clement Au
	 	 	Telephone: 213-243-1234 x 102
	 	 	Facsimile: 213-627-6817
	 	 	e-mail: clement.au@uwccb.com

 

 

	 	 	 	 	 
	 	 	The Sumitomo Trust and Banking Co., Ltd.,
New York Branch
	 
	 	 	 	 
	 	 	as a Lender
	 
	 	 	 	 
	 

	 	By:	 	/s/ Elizabeth A. Quirk
	 

	 	 	 	 
	 

	 	 	 	Name: Elizabeth A. Quirk
	 

	 	 	 	Title: Vice President
	 
	 	 	 	 
	 	 	Notice Address: 527 Madison Ave

             
             
New York, NY 10022
	 
	 	 	 	 
	 	 	Attention: Elizabeth A. Quirk

 

 

	 	 	 	 	 
	 	Commerce Bank, N.A.,
as a Lender

 	 
	 	By:  	/s/ Jeffrey S. Potts
 	 
	 	 	Name:  	Jeffrey S. Potts 	 
	 	 	Title:  	Vice President 	 
	 
	 
	 	 	 
	 	By:  	/s/ T. William White
 	 
	 	 	Name:  	T. William White 	 
	 	 	Title:  	Senior Vice President	 
	 
	 	Notice Address:   8000 Forsyth

               
             St. Louis, MO 63105
	 

 

 

 

	 	 	 	 	 
	 	 	Chinatrust Commercial Bank,
	 	 	as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Eric Kan
	 

	 	 	 	 
	 

	 	 	 	Name:  Eric Kan
	 

	 	 	 	Title:    General Manager
	 
	 	 	 	 
	 	 	Notice Address:
	 	 	366 Madison Ave. 3rd Floor
	 	 	New York, NY 10017
	 
	 	 	 	 
	 	 	Attention: Laurence Chui

 

 

 

	 	 	 	 	 
	 	 	Bank of Taiwan, Los Angeles Branch,
	 	 	as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Bruce Yang
	 

	 	 	 	 
	 

	 	 	 	Name:  Bruce Yang
	 

	 	 	 	Title:   Senior Vice President/General Manager
	 
	 	 	 	 
	 	 	Notice Address:
	 	 	601 Figueroa Street, 45th Floor
	 	 	Los Angeles, CA 90017
	 
	 	 	 	 
	 	 	Attention: Melina Chang/Loan Department

 

 

	 	 	 	 	 
	 	 	TAIPEI FUPON BANK, NEW YORK AGENCY,
	 	 	   as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Sophia Jing
	 

	 	 	 	 
	 

	 	 	 	Name:  Sophia Jing
	 

	 	 	 	Title:    VP & General Manager
	 
	 	 	 	 
	 	 	Notice Address:
	 
	 	 	 	 
	 	 	100 Wall Street
	 	 	14th Floor
	 	 	New York, New York 10005
	 	 	Attention: Sophia Jing
	 	 	Telephone: (212) 968-9888 ext: 11
	 	 	Facsimile: (212) 968-9800

 

 

	 	 	 	 	 
	 	 	STATEBANK OF INDIA, NEW YORK
	 
	 	 	 	 
	 	 	as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Rakesh Chandra
	 

	 	 	 	 
	 

	 	 	 	Name:  Rakesh Chandra
	 

	 	 	 	Title:   Vice President & Head (Credit)
	 
	 	 	 	 
	 	 	Notice Address:
	 	 	460 Park Avenue
	 	 	New York, NY 10022
	 	 	Phone: 212-521-3260
	 	 	Fax: 212-521-3362
	 
	 	 	 	 
	 	 	Attention: Manoharan Kannan

 

 

	 	 	 	 	 
	 	 	Chiao Tung Bank Co., Ltd. New York Agency,
	 	 	   as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Kuang-Hua Wei
	 

	 	 	 	 
	 

	 	 	 	Name:  Kuang-Hua Wei
	 

	 	 	 	Title:    SVP & General Manager
	 
	 	 	 	 
	 	 	Notice Address:
	 
	 	 	 	 
	 	 	One World Financial Center, 30th Floor
	 	 	200 Liberty Street,
	 	 	New York, NY 10281
	 	 	Attention: Ms. Ifen Lee
	 	 	Telephone: (212) 285-2666
	 	 	Facsimile: (212) 285-2922

 

 

	 	 	 	 	 
	 	 	BANK OF HAWAII
	 	 	as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ John P. McKenna
	 

	 	 	 	 
	 

	 	 	 	Name:  John P. McKenna
	 

	 	 	 	Title:    Vice President
	 
	 	 	 	 
	 	 	Notice Address:
	 
	 	 	 	 
	 	 	Bank of Hawaii
	 	 	Corporate Banking Division #297
	 	 	P.O. Box 2900
	 	 	Honolulu, HI 96846-6000
	 	 	Attention: John McKenna
	 	 	Telephone: (808) 537-8560
	 	 	Facsimile: (808) 537-8301

 

 

	 	 	 	 	 
	 	 	Bank Hapoalim B.M., as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ James P. Surless
	 

	 	 	 	 
	 

	 	 	 	Name:  James P. Surless
	 

	 	 	 	Title:    Vice President
	 
	 	 	 	 
	 	 	Notice Address:
	 	 	225 N. Michigan Avenue
	 	 	Chicago, IL 60601-7601
	 	 	Attention: Michael J. Byrne
	 	 	Telephone: (312) 228-6410
	 	 	Facsimile: (312) 228-6490

 

 

 

	 	 	 	 	 
	 	 	Bank of Communications, New York Branch,
	 	 	   as a Lender (please type)
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Hong Tu
	 

	 	 	 	 
	 

	 	 	 	Name:  Hong Tu
	 

	 	 	 	Title:    General Manager
	 
	 	 	 	 
	 	 	Notice Address:
	 
	 	 	 	 
	 	 	One Exchange Plaza/55 Broadway, 31st Floor

New York, NY 10006-3008, U.S.A.
	 
	 	 	 	 
	 	 	Attention: General Manager

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}]]