Document:

ex_127571.htm

Exhibit 10.1

Amendment No. 3 to Retention Bonus Plan

 

AMENDMENT NUMBER 3 

TO THE

GYRODYNE, LLC RETENTION BONUS PLAN

 

 

WHEREAS, Gyrodyne Company of America, Inc. (“Gyrodyne Company”) established the Gyrodyne Company of America, Inc. Retention Bonus Plan (the “Retention Bonus Plan” or the “Plan”), effective as of May 30, 2014, the date it was approved by the Board of Directors of Gyrodyne Company (the “Board”); and

 

WHEREAS, Gyrodyne, LLC (“Gyrodyne”) is the surviving entity in the merger of Gyrodyne Company of America, Inc. (the “Corporation”) and Gyrodyne Special Distribution, LLC (“GSD”) with and into Gyrodyne, LLC (the “Merger”), effective August 31, 2015; and

 

WHEREAS, the Retention Bonus Plan was amended and restated by Gyrodyne effective as of May 24, 2016; and

 

WHEREAS, Amendment Number 1 to the Plan was executed to provide that land development costs incurred on a property since the date of the appraisal designated therein shall be added to the appraised value for the property in calculating appreciation (gross sales price minus appraised value) for the purpose of determining the Bonus Pool; and

 

WHEREAS, Amendment Number 1 to the Plan also provided that each of the ten buildings in the Port Jefferson Professional Park shall be treated as a “property”, so that a Participant’s right to bonus payment on the sale of a Port Jefferson building shall vest on, and payments from the Bonus Pool may be made shortly following the closing of the sale of that building; and

 

WHEREAS, Amendment Number 2 provided for: (i) vesting of benefits upon the sale of each individual post-subdivision lot at Flowerfield and Cortlandt Manor; (ii) entitlement to a future benefit in the event of death, voluntary termination following substantial reduction in compensation or Board fees, mutually agreed separation to right-size the Board or involuntary termination without “Cause”; and (iii) clarification of how development costs are calculated; and

 

WHEREAS, as to any of the events referred to in clause (ii) in the preceding “Whereas”, a Participant shall only be eligible to receive a benefit to the extent that a property is sold within 3 years following the event and the sale produces an Internal Rate of Return (“IRR”) equal to at least 4% of the property’s value as of December 31 immediately preceding such event; and

 

WHEREAS, Section 9.5 of the Plan retained broad powers in the Board to amend and terminate the Plan; and

 

 

 

 

WHEREAS, the Board wishes to revise the provisions of Amendments Number 1 and 2, whereby payments are made from the Bonus Pool after the sale of separate lots; and

 

WHEREAS, the Board wishes to implement a new “Aggregate Floor” for the separate Flowerfield and Cortlandt Manor properties that must be achieved before any benefits shall be paid; and

 

WHEREAS, Gyrodyne retains the authority, under Section 9.5 of the Plan to periodically amend the Plan.

 

NOW, THEREFORE, effective as of October 30, 2018, the Plan shall be amended as follows:

 

	
			1.

				
			Restriction on Bonus Payments. The following new Section 5.6 shall be added to the Plan:

			

 

	 	
			“5.6

				
			Restriction on Bonus Payments. Notwithstanding any provisions of the Plan to the contrary, the following new restrictions shall apply prior to the payment of any benefits:

			

 

	 	
			a.

				
			“Aggregate Floor”, for purposes of the Flowerfield and Cortlandt Manor properties, shall be defined as the 2013 appraisal of each respective property, plus land development costs incurred for each respective property since the appraisal for each respective property. Until aggregate sales exceed the Aggregate Floor as separately determined for each separate property (i.e., a separate Aggregate Floor exists for the separate Flowerfield and Cortlandt Manor properties) through the sale of individual lots, as noted elsewhere, no benefits shall be paid to any active employees, active Board members, former employees or former Board members under the Retention Bonus Plan.

			
	 	 	 
	 	b.	To clarify the intent of the changes, it should be noted as follows:

 

	 	
			i.

				
			For active employees, aggregate sales of lots must exceed the Aggregate Floor for each respective property before any payments shall be made.

			

 

	 	
			ii.

				
			For former employees or former Board members, the same first condition must be satisfied, whereby sales prior to a separation from service shall count for aggregate sales and the Aggregate Floor and future sales must occur to have Aggregate Sales exceed the Aggregate Floor before any payments shall be made. A second condition for former Participants is the 4% IRR must be achieved on properties sold after a separation from service, as provided in Amendment Number 2.”

			

 

 

 

 

	
			2.

				
			Vesting. Article IV, Vesting, shall be amended to add the following new paragraph:

			

 

“For purposes of the above rules, the Aggregate Floor restrictions as described in Section 5.6 must be satisfied for amounts to be vested under this Article IV.”

 

	
			3.

				
			Void Provisions. To the extent any provisions of the Plan contradict the provisions of this Amendment Number 3, they shall be null and void.

			

 

IN WITNESS WHEREOF, this Amendment Number 3 to the Gyrodyne, LLC Retention Bonus Plan is executed the 30th day of October, 2018.

 

 

	
			 

				
			GYRODYNE, LLC

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			By: 

				
			/s/ Gary Fitlin

				
			 

			
	
			 

				
			 

				
			Gary Fitlin

				
			 

			
	
			 

				
			 

				
			President and Chief Executive Officereuronetcreditagreement20

                                                            EXECUTION COPY                                                        Published CUSIP Numbers:                                                         Deal CUSIP - 29873RAE3                                                        USD Revolver - 29873RAF0                                           Primary Currency Revolver - 29873RAG8                                          Secondary Currency Revolver - 29873RAH6                               CREDIT AGREEMENT                              dated as of October 17, 2018                                      among                           EURONET WORLDWIDE, INC.,                                       and                            CERTAIN SUBSIDIARIES,                                   as Borrowers,                            CERTAIN SUBSIDIARIES,                                   as Guarantors,                         THE LENDERS PARTY HERETO,                             BANK OF AMERICA, N.A.,                               as Administrative Agent                  WELLS FARGO BANK, NATIONAL ASSOCIATION                                       and                       U.S. BANK NATIONAL ASSOCIATION,                              as Co-Syndication Agents                                       and   BMO HARRIS BANK N.A., COMPASS BANK, CREDIT AGRICOLE CORPORATE       AND INVESTMENT BANK, FIFTH THIRD BANK, KEYBANK NATIONAL  ASSOCIATION, LLOYDS BANK CORPORATE MARKETS PLC and REGIONS BANK,                              as Documentation Agents          MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,                        WELLS FARGO SECURITIES, LLC                                       and                      U.S. BANK NATIONAL ASSOCIATION,                    as Joint Lead Arrangers and Joint Book Managers       BMO CAPITAL MARKETS CORP., COMPASS BANK, CREDIT AGRICOLE      CORPORATE AND INVESTMENT BANK, FIFTH THIRD BANK, KEYBANK    NATIONAL ASSOCIATION, LLOYDS BANK CORPORATE MARKETS PLC and                                 REGIONS BANK,                               as Joint Lead Arrangers            NYDOCS02/1161559.5   

 

                                                            EXECUTION COPY                               TABLE OF CONTENTS   Article and Section                                                                            Page     Article I DEFINITIONS AND ACCOUNTING TERMS ...............................................................1              Defined Terms .........................................................................................................1              Interpretive Provisions ...........................................................................................42              Accounting Terms and Provisions .........................................................................44              Rounding ................................................................................................................45              Exchange Rates; Currency Equivalents .................................................................45              Additional Alternative Currencies .........................................................................45              Change of Currency ...............................................................................................46              Times of Day..........................................................................................................47              Letter of Credit Amounts .......................................................................................47              Limitation on Obligations of Foreign Credit Parties .............................................47   Article II COMMITMENTS AND CREDIT EXTENSIONS .......................................................48        2.01  Commitments .........................................................................................................48              Borrowings, Conversions and Continuations ........................................................53              Additional Provisions with respect to Letters of Credit .........................................56              Additional Provisions with respect to Swingline Loans ........................................65              Repayment of Loans ..............................................................................................71        2.06  Prepayments ...........................................................................................................71              Voluntary Termination or Reduction of Commitments .........................................73              Interest....................................................................................................................73              Fees ........................................................................................................................74              Computation of Interest and Fees ..........................................................................76              Payments Generally; Administrative Agent’s Clawback ......................................76              Sharing of Payments by Lenders ...........................................................................78        2.13  Evidence of Debt....................................................................................................79        2.14  Designated Borrowers ............................................................................................79        2.15  [Reserved] ..............................................................................................................81              Cash Collateral .......................................................................................................81              Defaulting Lenders.................................................................................................82   Article III TAXES, YIELD PROTECTION AND ILLEGALITY ...............................................85              Taxes ......................................................................................................................85              Illegality and Designated Lenders .........................................................................91              Inability to Determine Rates ..................................................................................92              Increased Cost; Capital Adequacy .........................................................................95              Compensation for Losses .......................................................................................96        3.06  Mitigation Obligations; Replacement of Lenders ..................................................97              Survival Losses ......................................................................................................98   Article IV GUARANTY ................................................................................................................98    NYDOCS02/1161559.5                    i  

 

                                                            EXECUTION COPY               The Guaranty .........................................................................................................98              Obligations Unconditional .....................................................................................98              Reinstatement .......................................................................................................100              Certain Waivers ...................................................................................................100              Remedies ..............................................................................................................100              Rights of Contribution .........................................................................................101              Guaranty of Payment; Continuing Guaranty .......................................................101              Keepwell ..............................................................................................................101              Release of Subsidiary Guarantors ........................................................................101   Article V CONDITIONS PRECEDENT TO CREDIT EXTENSIONS......................................102              Conditions of Effectiveness .................................................................................102              Conditions to all Credit Extensions .....................................................................103   Article VI REPRESENTATIONS AND WARRANTIES ..........................................................104              Existence, Qualification and Power .....................................................................104              Authorization; No Contravention ........................................................................105              Governmental Authorization; Other Consents.....................................................105              Binding Effect ......................................................................................................105              Financial Statements ............................................................................................105              No Material Adverse Effect .................................................................................106              Litigation ..............................................................................................................106              Subsidiaries ..........................................................................................................106              Margin Regulations; Investment Company Act ..................................................106              Disclosure ............................................................................................................106              Intellectual Property; Licenses, Etc .....................................................................107              Representations as to Foreign Obligors ...............................................................107              Sanctions ..............................................................................................................108              Anti-Corruption....................................................................................................108   Article VII AFFIRMATIVE COVENANTS ...............................................................................109              Financial Statements ............................................................................................109              Certificates; Other Information ............................................................................110              Notification ..........................................................................................................111              Payment of Obligations........................................................................................112              Preservation of Existence, Etc .............................................................................112              Maintenance of Properties ...................................................................................112              Maintenance of Insurance ....................................................................................112              Compliance with Laws ........................................................................................112              Books and Records ..............................................................................................113              Inspection Rights .................................................................................................113              Use of Proceeds....................................................................................................113              Approvals and Authorizations .............................................................................113              Joinder of Subsidiaries as Guarantors ..................................................................113   Article VIII NEGATIVE COVENANTS ....................................................................................114              Liens .....................................................................................................................114    NYDOCS02/1161559.5                    ii  

 

                                                            EXECUTION COPY               [Reserved] ............................................................................................................117              Indebtedness .........................................................................................................117              Mergers and Dissolutions ....................................................................................119              Dispositions..........................................................................................................119              Restricted Payments .............................................................................................119              Change in Nature of Business ..............................................................................120              Use of Proceeds....................................................................................................120              Financial Covenants .............................................................................................120              Sanctions; Anti-Corruption ..................................................................................121   Article IX EVENTS OF DEFAULT AND REMEDIES .............................................................121              Events of Default .................................................................................................121              Remedies upon Event of Default .........................................................................123              Application of Funds............................................................................................124              Collection Allocation Mechanism .......................................................................125   Article X ADMINISTRATIVE AGENT .....................................................................................126              Appointment and Authorization of Administrative Agent ..................................126              Rights as a Lender ................................................................................................126              Exculpatory Provisions ........................................................................................126              Reliance by Administrative Agent .......................................................................127              Delegation of Duties ............................................................................................128              Resignation of the Administrative Agent ............................................................128              Non-Reliance on Administrative Agent and Other Lenders ................................129              No Other Duties ...................................................................................................129              Administrative Agent May File Proofs of Claim .................................................129              Guaranty Matters .................................................................................................130              Swap Contracts and Treasury Management Agreements ....................................130              Lender ERISA Matters ........................................................................................131   Article XI MISCELLANEOUS ...................................................................................................132              Amendments, Etc .................................................................................................132              Notices; Effectiveness; Electronic Communication ............................................135              No Waiver; Cumulative Remedies; Enforcement................................................137              Expenses; Indemnity; Damage Waiver ................................................................138              Payments Set Aside..............................................................................................140              Successors and Assigns........................................................................................141              Treatment of Certain Information; Confidentiality ..............................................146              Right of Setoff......................................................................................................147              Interest Rate Limitation .......................................................................................148              Counterparts; Integration; Effectiveness ..............................................................148              Survival of Representations and Warranties ........................................................148              Severability ..........................................................................................................149              Replacement of Lenders ......................................................................................149              Governing Law; Jurisdiction; Etc ........................................................................150              Waiver of Jury Trial .............................................................................................151              No Advisory or Fiduciary Responsibility ............................................................151    NYDOCS02/1161559.5                    iii  

 

                                                            EXECUTION COPY               USA PATRIOT Act Notice .................................................................................152              Judgment Currency ..............................................................................................152              Electronic Execution of Assignments and Certain Other Documents .................152              Acknowledgement and Consent to Bail-In of EEA Financial Institutions ..........153                                     SCHEDULES   Schedule 2.01  Lenders and Commitments  Schedule 2.03  Existing Letters of Credit  Schedule 2.14  Designated Borrowers  Schedule 6.08  Subsidiaries  Schedule 8.01  Existing Liens  Schedule 8.03  Existing Indebtedness  Schedule 11.02  Notice Addresses                                     EXHIBITS   Exhibit 2.01  Form of Lender Joinder Agreement  Exhibit 2.02  Form of Loan Notice  Exhibit 2.13-1  Form of USD Note  Exhibit 2.13-2  Form of Primary Currency Note  Exhibit 2.13-3  Form of Secondary Currency Note  Exhibit 2.14-1  Form of Designated Borrower Request and Assumption Agreement  Exhibit 2.14-2  Form of Designated Borrower Notice  Exhibit 3.01  Forms of Tax Certificates  Exhibit 7.02(b)  Form of Compliance Certificate  Exhibit 7.13  Form of Joinder Agreement  Exhibit 11.06  Form of Assignment and Assumption         NYDOCS02/1161559.5                    iv  

 

                            CREDIT AGREEMENT         This CREDIT AGREEMENT (this “Credit Agreement”) is entered into as of October 17,  2018, among EURONET WORLDWIDE, INC., a Delaware corporation, certain subsidiaries  identified herein, as Borrowers and Guarantors, the Lenders and L/C Issuers identified herein,  and BANK OF AMERICA, N.A., as Administrative Agent.         In consideration of these premises and the mutual covenants and agreements contained  herein, the receipt and sufficiency of which are hereby acknowledged, the parties hereto  covenant and agree as follows:                                    ARTICLE I                                                              DEFINITIONS AND ACCOUNTING TERMS         1.01  Defined Terms.  As used in this Credit Agreement, the following terms have the  meanings provided below:         “Acquisition” means a purchase or acquisition by any Person (a) that after giving effect  thereto first results in such Person owning more than 50% of the Capital Stock with ordinary  voting power of another Person or (b) of all or any substantial portion of the property (other than  Capital Stock) of another Person, or all or any substantial portion of the property (other than  Capital Stock) of any business or geographic unit or division of another Person, whether or not  involving a merger or consolidation with such Person.  “Acquire” shall have a correlative  meaning.  For the avoidance of doubt, once a Person owns more than 50% of the Capital Stock  with ordinary voting power of another Person, additional purchases or acquisitions of additional  Capital Stock of such other Person will not be considered Acquisitions.         “Acquisition Consideration” means, with respect to any Acquisition, the aggregate cash  and non-cash consideration for such Acquisition.  The “Acquisition Consideration” for any  Acquisition expressly includes Indebtedness assumed in such Acquisition and the good faith  estimate by the Borrower of the maximum amount of any deferred purchase price obligations  (including contingent consideration payments) incurred in connection with such Acquisition.         “Adequate Assurance” means (i) with respect to L/C Obligations, such assurance as the  applicable L/C Issuer may require in its discretion, and (ii) with respect to Swingline Loans, such  assurance as the applicable Swingline Lender may require in its discretion, in each case, that any  Defaulting Lender will be capable of honoring its obligations to fund its portion of L/C  Obligations and Swingline Loans, as appropriate, and participation interests therein, including  existing and future obligations hereunder and under the other Credit Documents.  Adequate  Assurance may be in the form of cash collateral, posting of letters of credit or other arrangement,  in each case in form, amount and other respects satisfactory to the applicable L/C Issuer or  applicable Swingline Lender, as applicable, in their discretion.         “Administrative Agent” means Bank of America in its capacity as administrative agent  for the Lenders under any of the Credit Documents, or any successor administrative agent.    NYDOCS02/1161559.5  

 

                                                            EXECUTION COPY         “Administrative Agent’s Office” means, with respect to any currency, the Administrative  Agent’s address and, as appropriate, account as set forth on Schedule 11.02 (as may be updated  from time to time) with respect to such currency, or such other address or account with respect to  such currency as the Administrative Agent may from time to time notify the Borrowers and the  Lenders.         “Administrative Questionnaire” means an administrative questionnaire for the Lenders in  a form supplied by the Administrative Agent.         “ADT” means automated deposit teller machines or other similar devices capable of  accepting deposits, but that cannot dispense cash, that are owned, leased, operated or serviced by  members of the Consolidated Group.         “Affiliate” means, with respect to any Person, another Person that directly or indirectly,  through one or more intermediaries, Controls or is Controlled by or is under common Control  with the Person specified.         “Aggregate Master Revolving Commitments” means the Master Revolving  Commitments of all the Lenders.         “Aggregate Master Revolving Committed Amount” means an amount equal to the  Aggregate USD Revolving Committed Amount.  The Aggregate Master Revolving Committed  Amount on the Closing Date is One Billion Dollars ($1,000,000,000).         “Aggregate Primary Currency Revolving Committed Amount” has the meaning provided  in Section 2.01(b)(i).         “Aggregate Secondary Currency Revolving Committed Amount” has the meaning  provided in Section 2.01(c)(i).         “Aggregate USD Revolving Committed Amount” has the meaning provided in Section  2.01(a)(i).         “Agreement Currency” has the meaning provided in Section 11.18.         “Alternative Currency” means                     (i)  for Letters of Credit, Australian Dollars, British Pounds Sterling,              Canadian Dollars, Czech Koruna, Danish Krone, Euros, Hungarian Forints,              Japanese Yen, New Zealand Dollars, Norwegian Krone, Polish Zlotys, Swedish              Krona, Swiss Francs and each other currency (other than Dollars) that is approved              in accordance with Section 1.06;                     (ii)  for Primary Currency Revolving Loans, Australian Dollars, British              Pounds Sterling, Canadian Dollars, Danish Krone, Euros, Japanese Yen, New              Zealand Dollars, Norwegian Krone, Swedish Krona, Swiss Francs and each other              currency (other than Dollars) that is approved in accordance with Section 1.06;    NYDOCS02/1161559.5                    2  

 

                                                            EXECUTION COPY                     (iii)  for Primary Currency Swingline Loans, British Pounds Sterling,              Euros and each other currency (other than Dollars) that is approved in accordance              with Section 1.06; and                     (iv)  for Secondary Currency Revolving Loans, Czech Koruna,              Hungarian Forints, Polish Zlotys and each other currency (other than Dollars) that              is approved in accordance with Section 1.06.         “Alternative Currency Equivalent” means, at any time, with respect to any amount  denominated in Dollars, the equivalent amount thereof in the applicable foreign currency as  determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on  the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the  purchase of such foreign currency with Dollars.         “Anti-Corruption Laws” has the meaning provided in Section 6.14.         “Applicable Foreign Obligor Documents” has the meaning provided in Section 6.13(a).         “Applicable Percentage” means, from time to time, the following percentages per annum,  based upon the Debt Rating as set forth below:                                                              Floating                                Fixed                        LIBOR  Pricing   Debt Rating (S&P / LIBOR     Letter of Base Rate  Rate   Level     Moody’s / Fitch) Rate Loans Credit Fee Loans     Loans   Facility Fee     I     ≥ BBB+ / Baa1 / BBB+  0.950%    0.950%    0.000%   0.950%     0.175%    II      BBB / Baa2 / BBB     1.050%    1.050%    0.050%   1.050%     0.200%    III     BBB- / Baa3 / BBB-   1.150%    1.150%    0.150%   1.150%     0.225%    IV       BB+ / Ba1 / BB+     1.325%    1.325%    0.325%   1.325%     0.300%    V        < BB / Ba2 / BB     1.625%    1.625%    0.625%   1.625%     0.375%           “Debt Rating” means, as of any date of determination, the rating as determined by any of        S&P, Moody’s or Fitch (collectively, the “Debt Ratings”) of EWI’s corporate credit        rating or, in the absence of a corporate credit rating, the rating of EWI’s non-credit-       enhanced, senior unsecured long-term debt; provided that (a) if the respective Debt        Ratings issued by foregoing three rating agencies differ, the Pricing Level of two of such        rating agencies shall apply or, in the case where the three rating agencies have different        Debt Ratings, the Debt Rating that is the middle of such Debt Ratings shall apply; (b) if        EWI has only two Debt Ratings and the respective Debt Ratings issued by the rating        agencies differ by one level, then the Pricing Level for the higher of such Debt Ratings        shall apply (with the Debt Rating for Pricing Level I being the highest and the Debt        Rating for Pricing Level V being the lowest) and if there is a split in Debt Ratings of        more than one level, then the Pricing Level that is one level lower than the Pricing Level        of the higher Debt Rating shall apply; (c) if EWI has only one Debt Rating, the Pricing        Level of such Debt Rating shall apply; and (d) if EWI does not have any Debt Rating,        Pricing Level V shall apply.    NYDOCS02/1161559.5                    3  

 

                                                            EXECUTION COPY   Initially, the Applicable Percentage shall be determined based upon Pricing Level III.   Thereafter, each change in the Applicable Percentage resulting from a publicly announced  change in the Debt Rating shall be effective during the period commencing on the date of the  public announcement thereof and ending on the date immediately preceding the effective date of  the next such change.         “Applicable Time” means, with respect to any borrowings and payments in any  Alternative Currency, the local time in the place of settlement for such Alternative Currency as  may be determined by the Administrative Agent or the applicable L/C Issuer, as the case may be,  to be necessary for timely settlement on the relevant date in accordance with normal banking  procedures in the place of payment.         “Applicant Borrower” has the meaning provided in Section 2.14(b).         “Approved Bank” means (a) any Lender, (b) any commercial bank of recognized  standing having capital and surplus in excess of $500 million in the case of a domestic  commercial bank and $250 million (or the U.S. Dollar equivalent as of the date of determination)  in the case of a foreign bank, or (c) any bank whose short-term commercial paper rating from  S&P is at least A-2 or the equivalent thereof or from Moody’s is at least P-2 or the equivalent  thereof.         “Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b)  an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a  Lender.         “Approved Jurisdictions” means (a) the United States and any state or commonwealth  thereof, and (b) any jurisdiction other than a jurisdiction set forth on a listing of sanctioned  jurisdictions by the United States Office of Foreign Assets Control Restrictions, as set forth at  http://www.treas.gov/offices/enforcement/ofac/programs/ or any successor webpage, where the  sanctions are directed at the government of such jurisdiction or all nationals of such jurisdiction.         “Arrangers” means each of MLPF&S (or any other registered broker-dealer wholly- owned by Bank of America Corporation to which all or substantially all of Bank of America  Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or  related businesses may be transferred following the date of this Credit Agreement), Wells Fargo  Securities, LLC and U.S. Bank National Association, in their capacity as joint lead arrangers and  joint book managers, and each of BMO Capital Markets Corp., Compass Bank, Credit Agricole  Corporate and Investment Bank, Fifth Third Bank, KeyBank National Association, Lloyds Bank  Corporate Markets plc and Regions Bank, in their capacity as joint lead arrangers.         “Assignee Group” means two or more Eligible Assignees that are Affiliates of one  another or two or more Approved Funds managed by the same investment advisor.         “Assignment and Assumption” means an assignment and assumption entered into by a  Lender and an Eligible Assignee (with the consent of any party whose consent is required by  Section 11.06) and accepted by the Administrative Agent, in substantially the form of Exhibit  11.06 or any other form (including electronic documentation generated by MarkitClear or other  electronic platform) approved by the Administrative Agent.    NYDOCS02/1161559.5                    4  

 

                                                            EXECUTION COPY         “ATM” means automated teller machines or other similar devices capable of dispensing  cash (and, in some cases, offering other transactions) that are owned, leased, operated or serviced  by members of the Consolidated Group.         “ATM Cash Supply Arrangements” means “vault cash” supply arrangements, banknote  leasing arrangements, ATM sponsorship arrangements and other similar arrangements pursuant  to which banks or other financial institutions provide members of the Consolidated Group with  electronic or physical currency to fill ATMs and such electronic or physical currency is  segregated from any other cash of members of the Consolidated Group.         “ATM Cash Supply Obligations” obligations arising out of banknote leasing, “vault  cash” supply, ATM sponsorship and similar arrangements under ATM cash supply arrangements  consistent with past practice, and loans and lines of credit serving the same purpose; provided, in  each case, (1) the proceeds from any such arrangements (including, for purposes hereof, such  loans and lines of credit) are used solely to service ATMs and for no other purpose, (2) the  associated cash and currency that are the subject of such arrangements will be kept strictly  segregated and apart from other cash and currency not associated with the operation and  settlement of the respective ATM network, and (3) any liens relating thereto will be limited to  the cash and currency provided, receivables from card organizations and/or segregated bank  accounts relating to the operation and settlement of the respective ATM network.          “Attributable Principal Amount” means (a) in the case of Capital Leases, the amount of  capital lease obligations determined in accordance with GAAP, (b) in the case of Synthetic  Leases, an amount determined by capitalization of the remaining lease payments thereunder as if  it were a Capital Lease determined in accordance with GAAP, (c) in the case of a Securitization  Transaction, at any time, an amount equal to the outstanding principal amount of the financing,  including commitments relating thereto, provided pursuant to a Securitization Transaction  (including, in the case of a Securitization Transaction established to facilitate the issuance of  letters of credit and bank guarantees, the maximum amount available to be drawn under all such  letters of credit and bank guarantees outstanding thereunder, and the commitments relating  thereto) determined by the Administrative Agent in its reasonable discretion, and (d) in the case  of sale and leaseback transaction, the present value (discounted in accordance with GAAP at the  debt rate implied in the applicable lease) of the obligations of the lessee for rental payments  during the term of such lease.         “Australian Dollars” means the lawful currency of Australia.         “Auto-Extension Letter of Credit” has the meaning provided in Section 2.03(b)(iii).         “Auto-Reinstatement Letter of Credit” has the meaning provided in Section 2.03(b)(iv).         “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the  applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.         “Bail-In Legislation” means, with respect to any EEA Member Country implementing  Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the  European Union, the implementing law for such EEA Member Country from time to time which  is described in the EU Bail-In Legislation Schedule.    NYDOCS02/1161559.5                    5  

 

                                                            EXECUTION COPY         “Bank of America” means Bank of America, N.A., together with its successors.         “Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a)  the Federal Funds Rate plus one-half of one percent (0.5%), (b) the Prime Rate and (c) except  during a Fixed LIBOR Rate Unavailability Period, the Fixed LIBOR Rate for Dollars plus one  percent (1.0%).         “Base Rate Loan” means a Loan that bears interest based on the Base Rate.  All Base  Rate Loans shall be denominated in Dollars.         “Beneficial Ownership Certification” means a certification regarding beneficial  ownership as required by the Beneficial Ownership Regulation.         “Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230.          “Borrowers” means:                     (i)  for USD Revolving Loans, EWI and those Designated Borrowers              identified as such on Schedule 2.14;                     (ii)  for Letters of Credit, EWI and those Designated Borrowers              identified as such on Schedule 2.14;                     (iii)  for USD Swingline Loans, EWI and those Designated Borrowers              identified as such on Schedule 2.14;                     (iv)  for Primary Currency Revolving Loans, EWI and those Designated              Borrowers identified as such on Schedule 2.14;                      (v)  for Primary Currency Swingline Loans, EWI and those Designated              Borrowers identified as such on Schedule 2.14; and                     (vi)  for Secondary Currency Revolving Loans, EWI and those              Designated Borrowers identified as such on Schedule 2.14.         “Borrowing” means (a) a borrowing consisting of simultaneous Loans of the same Type,  in the same currency and, in the case of Fixed LIBOR Rate Loans, having the same Interest  Period, or (b) a borrowing of Swingline Loans, as appropriate.         “British Pounds Sterling” means the lawful currency of the United Kingdom.         “Business Day” means any day other than a Saturday, Sunday or other day on which  commercial banks are authorized to close under the Laws of, or are in fact closed in, the state  where the Administrative Agent’s Office with respect to Revolving Loan Obligations  denominated in Dollars is located or in the State of  New York, and:               (a)  if such day relates to any interest rate settings as to a Fixed LIBOR Rate        Loan denominated in Dollars, any fundings, disbursements, settlements and payments in    NYDOCS02/1161559.5                    6  

 

                                                            EXECUTION COPY         Dollars in respect of any such Fixed LIBOR Rate Loan, or any other dealings in Dollars        to be carried out pursuant to this Credit Agreement in respect of any such Fixed LIBOR        Rate Loan, means any such day that is also a London Banking Day;               (b)  if such day relates to any interest rate settings as to a Fixed LIBOR Rate        Loan denominated in Euro, any fundings, disbursements, settlements and payments in        Euro in respect of any such Fixed LIBOR Rate Loan, or any other dealings in Euro to be        carried out pursuant to this Credit Agreement in respect of any such Fixed LIBOR Rate        Loan, means a TARGET Day;               (c)  if such day relates to any interest rate settings as to a Fixed LIBOR Rate        Loan denominated in a currency other than Dollars or Euro, means any such day on        which dealings in deposits in the relevant currency are conducted by and between banks        in the London or other applicable offshore interbank market for such currency; and               (d)  if such day relates to any fundings, disbursements, settlements and        payments in a currency other than Dollars or Euro in respect of a Fixed LIBOR Rate        Loan denominated in a currency other than Dollars or Euro, or any other dealings in any        currency other than Dollars or Euro to be carried out pursuant to this Credit Agreement in        respect of any such Fixed LIBOR Rate Loan (other than any interest rate settings), means        any such day on which banks are open for foreign exchange business in the principal        financial center of the country of such currency.         “CAM Exchange” means the exchange of the Lenders’ interests as provided in Section  9.04.         “CAM Exchange Date” means the date on which an Event of Default under Section  9.01(f) or (g) shall occur.         “CAM Percentage” means, as to each Lender, a fraction, expressed as a decimal, of  which (a) the numerator shall be the aggregate Dollar Equivalent of the sum of (i) the Specified  Obligations owed to such Lender and (ii) such Lender’s participations in undrawn amounts of  Letters of Credit, in each case immediately prior to the CAM Exchange Date and (b) the  denominator shall be the aggregate Dollar Equivalent of the sum of (i) the Specified Obligations  owed to all the Lenders and (ii) the aggregate undrawn amount of all outstanding Letters of  Credit, in each case immediately prior to the CAM Exchange Date.         “Canadian Dollars” means the lawful currency of Canada.         “Capital Lease” means, as applied to any Person, any lease of any property by that Person  as lessee that is required to be accounted for as a capital lease on the balance sheet of that Person  in accordance with GAAP as in effect on the date hereof (without regard to any change in GAAP  after the date hereof).         “Capital Stock” means (a) in the case of a corporation, capital stock, (b) in the case of an  association or business entity, any and all shares, interests, participations, rights or other  equivalents (however designated) of capital stock, (c) in the case of a partnership, partnership  interests (whether general or limited), (d) in the case of a limited liability company, membership    NYDOCS02/1161559.5                    7  

 

                                                            EXECUTION COPY   interests and (e) any other interest or participation that confers on a Person the right to receive a  share of the profits and losses of, or distributions of assets of, the issuing Person.         “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative  Agent, for the benefit of one or more of the Administrative Agent, L/C Issuers or Swingline  Lenders (as applicable) and the Lenders, as collateral for L/C Obligations, Obligations in respect  of Swingline Loans, or obligations of Lenders to fund participations in respect of either thereof  (as the context may require), (a) cash or deposit account balances, (b) backstop letters of credit  entered into on terms, from issuers and in amounts satisfactory to the Administrative Agent and  the L/C Issuer, and/or (c) if the applicable L/C Issuer or Swingline Lender benefitting from such  collateral shall agree in its sole discretion, other credit support, in each case pursuant to  documentation in form and substance reasonably satisfactory to the Administrative Agent and  the applicable L/C Issuer or the applicable Swingline Lender (as applicable). “Cash Collateral”  shall have a meaning correlative to the foregoing and shall include the proceeds of such Cash  Collateral and other credit support.         “Cash Equivalents” means (a) securities issued or directly and fully guaranteed or insured  by the United States or any agency or instrumentality thereof (provided that the full faith and  credit of the United States is pledged in support thereof) having maturities of not more than  twelve months from the date of acquisition, (b) time deposits and certificates of deposit of any  Approved Bank, in each case with maturities of (i) if such deposits may be withdrawn at any  time without penalty, any duration and (ii)  in all other cases, not more than thirteen (13) months  from the date of acquisition, (c) commercial paper and variable or fixed rate notes issued by any  Approved Bank (or by the parent company thereof) or any variable rate notes issued by, or  guaranteed by, any domestic corporation rated A-2 (or the equivalent thereof) or better by S&P  or P-2 (or the equivalent thereof) or better by Moody’s and maturing within thirteen (13) months  of the date of acquisition, (d) repurchase agreements entered into by any Person with a bank or  trust company (including any of the Lenders) or recognized securities dealer having capital and  surplus in excess of $500 million for direct obligations issued by or fully guaranteed by the  United States in which such Person shall have a perfected first priority security interest (subject  to no other Liens) and having, on the date of purchase thereof, a fair market value of at least  100% of the amount of the repurchase obligations, (e) Investments (classified in accordance with  GAAP as current assets) in money market investment programs registered under the Investment  Company Act of 1940, as amended, that are administered by reputable financial institutions  having capital of at least $500 million and the portfolios of which are limited to Investments of  the character described in the foregoing subclauses hereof and (f) any cash collateral permitted  under Section 8.01(o).         “Change in Law” means the occurrence, after the Closing Date, of any of the following:   (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law,  rule, regulation or treaty or in the administration, interpretation, implementation or application  thereof by any Governmental Authority or (c) the making or issuance of any request, rule,  guideline or directive (whether or not having the force of law) by any Governmental Authority;  provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street  Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder  or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated  by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any    NYDOCS02/1161559.5                    8  

 

                                                            EXECUTION COPY   successor or similar authority) or the United States or foreign regulatory authorities, in each case  pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the  date enacted, adopted or issued.         “Change of Control” means, with respect to EWI, an event or series of events by which:               (a)  any “person” or “group” (as such terms are used in Sections 13(d) and        14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan        of such person or its subsidiaries, and any person or entity acting in its capacity as trustee,        agent or other fiduciary or administrator of any such plan) becomes the “beneficial        owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934,        except that a person or group shall be deemed to have “beneficial ownership” of all        securities that such person or group has the right to acquire (such right, an “option        right”), whether such right is exercisable immediately or only after the passage of time),        directly or indirectly, of 50% or more of the equity securities of such Person entitled to        vote for members of the board of directors or equivalent governing body of such Person        on a fully diluted basis (and taking into account all such securities that such person or        group has the right to acquire pursuant to any option right); or               (b)  during any period of twelve (12) consecutive months, a majority of the        members of the board of directors or other equivalent governing body of such Person        cease to be composed of individuals (i) who were members of that board or equivalent        governing body on the first day of such period, (ii) whose election or nomination to that        board or equivalent governing body was approved by individuals referred to in clause (i)        above constituting at the time of such election or nomination at least a majority of that        board or equivalent governing body or (iii) whose election or nomination to that board or        other equivalent governing body was approved by individuals referred to in clauses (i)        and (ii) above constituting at the time of such election or nomination at least a majority of        that board or equivalent governing body.         “Closing Date” means the first date all conditions precedent in Section 5.01 are satisfied  or waived in accordance with Section 11.01.         “Commitment Period” means the period from and including the Closing Date to the  earlier of (a)(i) in the case of Revolving Loans and Swingline Loans, the Termination Date or (ii)  in the case of the Letters of Credit, the L/C Expiration Date, or (b) in each case, the date on  which the Revolving Commitments shall have been terminated as provided herein.         “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.).         “Compliance Certificate” means a certificate substantially in the form of Exhibit 7.02(b).         “Connection Income Taxes” means Other Connection Taxes that are imposed on or  measured by net income (however denominated) or that are franchise Taxes or branch profits  Taxes.         “Consolidated Capital Expenditures” means, for any period for the Consolidated Group,  all additions to plant, property and equipment as determined in accordance with GAAP, but    NYDOCS02/1161559.5                    9  

 

                                                            EXECUTION COPY   excluding, in any event, (i) expenditures made in connection with Acquisitions, (ii) expenditure  of insurance proceeds or condemnation awards made in repair or replacement of plant, property  and equipment that has been lost, damaged, destroyed or condemned, and (iii) reinvestment of  net cash proceeds from plant, property and equipment that has been sold or otherwise disposed  of.  Except as otherwise expressly provided, the applicable period shall be the four consecutive  fiscal quarters ending as of the date of determination.         “Consolidated EBITDA” means, for any period for the Consolidated Group, without  duplication, the sum of (i) operating income, plus (ii) depreciation, plus (iii) amortization, plus  (iv) interest income from the operations of the epay Segment, plus (v) to the extent deducted in  the calculation of operating income, one-time non-cash charges, plus (vi) non-cash expenses  recognized pursuant to FASB ASC Topic 718 (Compensation – Stock Compensation) plus (vii)  net income from joint ventures and other minority interests owned by members of the  Consolidated Group when and as earned and received plus (viii) charges (gains) resulting from  adjustments to acquisition-related contingent consideration and adjustments to other acquisition- related contingent assets and liabilities pursuant to FASB ASC Topic 805 (Business  Combinations) plus (ix) non-recurring or unusual losses or expenses (including costs and  expenses of litigation included in operating income); provided that appropriate adjustments will  be made in subsequent periods where cash payments are subsequently made in respect of non- cash charges previously excluded under clauses (v) and (vi).  Except as otherwise expressly  provided, the applicable period shall be the four consecutive fiscal quarters ending as of the date  of determination.         “Consolidated Funded Debt” means Funded Debt of the Consolidated Group determined  on a consolidated basis in accordance with GAAP, provided that for purposes hereof obligations  in respect of letters of credit and bank guaranties will be net of cash collateral provided therefore.         “Consolidated Group” means EWI and its subsidiaries determined on a consolidated  basis in accordance with GAAP.         “Consolidated Interest Coverage Ratio” means, for the Consolidated Group for the period  of four consecutive fiscal quarters then ending, the ratio of (i) Consolidated EBITDA to (ii)  Consolidated Interest Expense.          “Consolidated Interest Expense” means, for any period for the Consolidated Group, the  portion of interest expense paid in cash in the period (provided that, for purposes of this  calculation, payments required under ATM Cash Supply Arrangements that constitute interest  expense for purposes of GAAP shall not constitute interest expense).  Except as otherwise  expressly provided, the applicable period shall be the four consecutive fiscal quarters ending as  of the date of determination.         “Consolidated Total Leverage Ratio” means, as of the last day of each fiscal quarter, the  ratio of (i) Consolidated Funded Debt as of such day, to (ii) Consolidated EBITDA for the period  of four consecutive fiscal quarters ending as of such day.    NYDOCS02/1161559.5                   10  

 

                                                            EXECUTION COPY         “Contractual Obligation” means, as to any Person, any provision of any security issued  by such Person or of any agreement, instrument or other undertaking to which such Person is a  party or by which it or any of its property is bound.         “Control” means the possession, directly or indirectly, of the power to direct or cause the  direction of the management or policies of a Person, whether through the ability to exercise  voting power, by contract or otherwise.         “Credit Agreement” has the meaning provided in the recitals hereto, as the same may be  amended and modified from time to time.         “Credit Documents” means this Credit Agreement, the Notes, the Fee Letter, the  Guaranties, each Designated Borrower Request and Assumption Agreement, the Issuer  Documents, each Designated Borrower Notice, the Joinder Agreements, any agreement creating  or perfecting rights in Cash Collateral pursuant to the provisions of Section 2.16 of this Credit  Agreement and the Lender Joinder Agreements.         “Credit Extension” means each of the following:  (a) a Borrowing, (b) the conversion or  continuation of a Borrowing, and (c) an L/C Credit Extension.         “Credit Parties” means, collectively, the Borrowers and the Guarantors.         “Credit Party Materials” has the meaning provided in Section 7.02.         “CTA” means the Corporation Tax Act 2009.         “Czech Koruna” means the lawful currency of the Czech Republic.         “Danish Krone” means the lawful currency of Denmark.         “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other  liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium,  rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the  United States or other applicable jurisdictions from time to time in effect and affecting the rights  of creditors generally.         “Default” means any event, act or condition that constitutes an Event of Default or that,  with the giving of notice, the passage of time, or both, would constitute an Event of Default.         “Default Rate” means               (a)  in the case of the Letter of Credit Fee, an interest rate equal to the sum of        (i) the Applicable Percentage, plus (ii) two percent (2.0%) per annum;               (b)  in the case of Fixed LIBOR Rate Loans, an interest rate equal to the sum        of (i) the Fixed LIBOR Rate therefor, plus (ii) the Applicable Percentage, plus (iii) two        percent (2.0%) per annum;    NYDOCS02/1161559.5                   11  

 

                                                            EXECUTION COPY               (c)  in the case of Floating LIBOR Rate Loans, an interest rate equal to the        sum of (i) the Floating LIBOR Rate therefor, plus (ii) the Applicable Percentage, plus        (iii) two percent (2.0%) per annum;               (d)  in the case of Overnight Rate Loans, an interest rate equal to the sum of (i)        the Overnight Rate therefor, plus (ii) the Applicable Percentage, plus (iii) two percent        (2.0%) per annum; and               (e)  in all other cases, including Base Rate Loans, an interest rate equal to the        sum of (i) the Base Rate, plus (ii) the Applicable Percentage, plus (iii) two percent (2.0%)        per annum.         “Defaulting Lender” means any Lender that (a) has failed to (i) fund all or any portion of  its Loans within two Business Days of the date such Loans were required to be funded hereunder  unless such Lender notifies the Administrative Agent and the Borrowers in writing that such  failure is the result of such Lender’s determination that one or more conditions precedent to  funding (each of which conditions precedent, together with any applicable default, shall be  specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative  Agent, an L/C Issuer, a Swingline Lender or any other Lender any other amount required to be  paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline  Loans) within two Business Days of the date when due, (b) has notified the Borrowers, the  Administrative Agent, an L/C Issuer or a Swingline Lender in writing that it does not intend to  comply with its funding obligations hereunder, or has made a public statement to that effect  (unless such writing or public statement relates to such Lender’s obligation to fund a Loan  hereunder and states that such position is based on such Lender’s determination that a condition  precedent to funding (which condition precedent, together with any applicable default, shall be  specifically identified in such writing or public statement) cannot be satisfied), (c) has failed,  within three Business Days after written request by the Administrative Agent or the Borrowers,  to confirm in writing to the Administrative Agent and the Borrowers that it will comply with its  prospective funding obligations hereunder (provided that such Lender shall cease to be a  Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the  Administrative Agent and the Borrowers), or (d) has, or has a direct or indirect parent company  that has, (i) become the subject of a proceeding under any Debtor Relief Law or a Bail-In Action,  or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for  the benefit of creditors or similar Person charged with reorganization or liquidation of its  business or assets, including the Federal Deposit Insurance Corporation or any other state or  federal regulatory authority acting in such a capacity; provided that a Lender shall not be a  Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that  Lender or any direct or indirect parent company thereof by a Governmental Authority so long as  such ownership interest does not result in or provide such Lender with immunity from the  jurisdiction of courts within the United States or from the enforcement of judgments or writs of  attachment on its assets or permit such Lender (or such Governmental Authority or  instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made with  such Lender.  Any determination by the Administrative Agent that a Lender is a Defaulting  Lender under any one or more of clauses (a) through (d) above, and the effective date of such  status, shall be conclusive and binding absent manifest error, and such Lender shall be deemed to  be a Defaulting Lender as of the date established therefor by the Administrative Agent in a    NYDOCS02/1161559.5                   12  

 

                                                            EXECUTION COPY   written notice of such determination which shall be delivered by the Administrative Agent to the  Borrowers, the L/C Issuers, the Swingline Lenders and the Lenders promptly following such  determination.         “Designated Borrower Limit” means, for any Borrower, the amount shown on Schedule  2.14 as its “Designated Borrower Limit”, and for any Applicant Borrower that becomes a  Borrower hereunder in accordance with the provisions of Section 2.14(b), the amount identified  in the Designated Borrower Request and Assumption Agreement.  The Designated Borrower  Limit is part of, and not in addition to, the Aggregate Master Revolving Commitments.         “Designated Borrower Notice” has the meaning provided in Section 2.14(b).         “Designated Borrower Request and Assumption Agreement” has the meaning provided in  Section 2.14(b).         “Designated Borrowers” means the Borrowers identified on Schedule 2.14 and any  Applicant Borrower that becomes a Borrower hereunder in accordance with the provisions of  Section 2.14(b).         “Designated Jurisdiction” means any country or territory to the extent that such country  or territory is the subject of any Sanction.         “Direction” has the meaning provided in Section 3.01(a).         “Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition  (including any sale and leaseback transaction) of any Property by any Person, including any sale,  assignment, transfer or other disposal, with or without recourse, of any notes or accounts  receivable or any rights and claims associated therewith.         “Dollar”, “U.S. Dollar”, “$” and “USD$” means the lawful currency of the United States.         “Dollar Equivalent” means, at any time, (a) with respect to any amount denominated in  Dollars, such amount, and (b) with respect to any amount denominated in any other currency, the  equivalent amount thereof in Dollars as determined by the Administrative Agent or the  applicable L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined  in respect of the most recent Revaluation Date) for the purchase of Dollars with such other  currency.         “Domestic Borrower” means a Borrower that is organized under the laws of any State of  the United States or the District of Columbia.         “Domestic Credit Party” means a Credit Party that is organized under the laws of any  State of the United States or the District of Columbia.         “Domestic Subsidiary” means any Subsidiary that is organized under the laws of any  State of the United States or the District of Columbia, provided that any limited liability  company, organized under the laws of any State of the United States or the District of Columbia  and that is a Wholly Owned Subsidiary of a Foreign Subsidiary shall be considered to be a    NYDOCS02/1161559.5                   13  

 

                                                            EXECUTION COPY   Foreign Subsidiary rather than a Domestic Subsidiary for all purposes of this Credit Agreement  and the other Credit Documents.         “Dutch Obligor” means any Borrower or any Guarantor incorporated in the Netherlands.         “EEA Financial Institution” means (a) any credit institution or investment firm  established in any EEA Member Country which is subject to the supervision of an EEA  Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of  an institution described in clause (a) of this definition, or (c) any financial institution established  in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b)  of this definition and is subject to consolidated supervision with its parent.          “EEA Member Country” means any of the member states of the European Union,  Iceland, Liechtenstein, and Norway.         “EEA Resolution Authority” means any public administrative authority or any Person  entrusted with public administrative authority of any EEA Member Country (including any  delegee) having responsibility for the resolution of any EEA Financial Institution.         “Eligible Assignee” means any Person that meets the requirements to be an assignee  under Section 11.06(b) (subject to such consents, if any, as may be required under Section  11.06(b)(iii)); provided, however, that for loans and commitments in respect of the Primary  Currency Revolving Loan Obligations and the Secondary Currency Revolving Loan Obligations,  an Eligible Assignee shall include only a Lender, an Affiliate of a Lender or another Person,  which, through its Lending Offices, is capable of lending the applicable Alternative Currencies  without the imposition of any additional Indemnified Taxes, as the case may be.         “EMU” means the economic and monetary union in accordance with the Treaty of Rome  1957, as amended by the Single European Act 1986, the Maastricht Treaty of 1992 and the  Amsterdam Treaty of 1998.         “EMU Legislation” means the legislative measures of the European Council for the  introduction of, changeover to or operation of a single or unified European currency.         “Environmental Laws” means any and all federal, state, local, and foreign statutes, laws,  regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants,  franchises, licenses, agreements or governmental restrictions relating to pollution and the  protection of the environment or the release of any materials into the environment, including  those related to hazardous substances or wastes, air emissions and discharges to waste or public  systems.         “Environmental Liability” means any liability, contingent or otherwise (including any  liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the  Borrowers, any other Credit Party or any of their respective Subsidiaries directly or indirectly  resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use,  handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure  to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into    NYDOCS02/1161559.5                   14  

 

                                                            EXECUTION COPY   the environment or (e) any contract, agreement or other consensual arrangement pursuant to  which liability is assumed or imposed with respect to any of the foregoing.         “epay Segment” means the reportable “epay” segment as referenced and reported in Form  10-K and Form 10-Q filed by EWI with the SEC.         “ERISA” means the Employee Retirement Income Security Act of 1974.         “ERISA Affiliate” means any trade or business (whether or not incorporated) under  common control with EWI within the meaning of Section 414(b) or (c) of the Internal Revenue  Code (and Sections 414(m) and (o) of the Internal Revenue Code for purposes of provisions  relating to Section 412 of the Internal Revenue Code).         “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a  withdrawal by EWI or any ERISA Affiliate from a Pension Plan subject to Section 4063 of  ERISA during a plan year in which it was a substantial employer (as defined in Section  4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under  Section 4062(e) of ERISA; (c) a complete or partial withdrawal by EWI or any ERISA Affiliate  from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the  filing of a notice of intent to terminate, the treatment of a Plan amendment as a termination under  Sections 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to  terminate a Pension Plan or Multiemployer Plan; (e) an event or condition that would reasonably  be expected to constitute grounds under Section 4042 of ERISA for the termination of, or the  appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; or (f) the  imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not  delinquent under Section 4007 of ERISA, upon EWI or any ERISA Affiliate.         “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published  by the Loan Market Association (or any successor Person), as in effect from time to time.          “Euro” or “€” mean the single lawful currency of the Participating Member States.         “Event of Default” has the meaning provided in Section 9.01.         “EWI” means Euronet Worldwide, Inc., a Delaware corporation.         “Excluded Swap Obligation” means, with respect to any Credit Party, any Swap  Obligation if, and to the extent that, all or a portion of the Guaranty by such Credit Party of, or  the grant under a Credit Document by such Guarantor of a security interest to secure, such Swap  Obligation (or any Support Obligation in respect thereof) is or becomes illegal under the  Commodity Exchange Act (or the application or official interpretation thereof) by virtue of such  Credit Party’s failure for any reason to constitute an “eligible contract participant” as defined in  the Commodity Exchange Act (determined after giving effect to Section 4.08 hereunder and any  other “keepwell”, support or other agreement for the benefit of such Credit Party and any and all  guarantees of such Credit Party’s Swap Obligations by other Credit Parties) at the time the  Guaranty by such Credit Party, or grant by such Credit Party of a security interest, becomes  effective with respect to such Swap Obligation.  If a Swap Obligation arises under a Master  Agreement governing more than one Swap Contract, such exclusion shall apply only to the    NYDOCS02/1161559.5                   15  

 

                                                            EXECUTION COPY   portion of such Swap Obligation that is attributable to Swap Contracts for which such Guaranty  or security interest is or becomes excluded in accordance with the first sentence of this  definition.         “Excluded Taxes” means, any of the following Taxes imposed on or with respect to any  Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes  imposed on or measured by net income (however denominated), franchise Taxes, and branch  profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the  laws of, or having its principal office or, in the case of any Lender, its Lending Office located in,  the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other  Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on  amounts payable to or for the account of such Lender with respect to an applicable interest in a  Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires  such interest in the Loan or Commitment (other than pursuant to an assignment request by the  Borrower under Section 11.13) or (ii) such Lender changes its Lending Office, except in each  case to the extent that, pursuant to Section 3.01(a)(ii), (a)(iii) or (c), amounts with respect to such  Taxes were payable either to such Lender’s assignor immediately before such Lender became a  party hereto or to such Lender immediately before it changed its Lending Office, (c) Taxes  attributable to such Recipient’s failure to comply with Section 3.01(e), and (d) any U.S. federal  withholding Taxes imposed pursuant to FATCA.         “Existing Credit Agreement” means the Amended and Restated Credit Agreement dated  as of August 18, 2011 (as amended prior to the date hereof) among EWI, the Subsidiaries and  Affiliates of EWI parties thereto as borrowers and/or guarantors, the lenders parties thereto and  Bank of America as administrative agent and collateral agent.         “Existing Letters of Credit” means those letters of credit outstanding on the Closing Date  and identified as such on Schedule 2.03.         “Exposure” means, with respect to any Lender, the sum at such time, without duplication,  of (a) such Lender’s USD Revolving Commitment Percentage of the Outstanding Amount of the  USD Revolving Loan Obligations (including any participation interests in Letters of Credit and  USD Swingline Loans) plus (b) such Lender’s Primary Currency Revolving Commitment  Percentage of the Outstanding Amount of the Primary Currency Revolving Loan Obligations  (including any participation interests in Primary Currency Swingline Loans) plus (c) such  Lender’s Secondary Currency Revolving Commitment Percentage of the Outstanding Amount of  the Secondary Currency Revolving Loan Obligations.         “FASB ASC” means the Accounting Standards Codification of the Financial Accounting  Standards Board.         “FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, as of the  date of this Credit Agreement (or any amended or successor version that is substantively  comparable and not materially more onerous to comply with), any current or future regulations  or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of  the Internal Revenue Code and any fiscal or regulatory legislation, rules or practices adopted    NYDOCS02/1161559.5                   16  

 

                                                            EXECUTION COPY   pursuant to any intergovernmental agreement, treaty or convention among Governmental  Authorities and implementing such Sections of the Internal Revenue Code.         “Federal Funds Rate” means, for any day, the rate per annum equal to the weighted  average of the rates on overnight federal funds transactions with members of the Federal Reserve  System, as published by the Federal Reserve Bank of New York on the Business Day next  succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate  for such day shall be such rate on such transactions on the next preceding Business Day as so  published on the next succeeding Business Day, (b) if no such rate is so published on such next  succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded  upward, if necessary, to a whole multiple of 1/100th of 1%) charged to Bank of America on such  day on such transactions as determined by the Administrative Agent and (c) if the Federal Funds  Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Credit  Agreement.         “Fee Letter” means (i) as regards Bank of America and MLPF&S, the letter agreement,  dated August 20, 2018, among EWI, Bank of America and MLPF&S, (ii) as regards Wells Fargo  Securities, as joint lead arranger and joint book manager, any such letter agreement between  EWI, Wells Fargo Bank and Wells Fargo Securities in respect thereof, (iii) as regards U.S. Bank  National Association, as joint lead arranger and joint book manager, any such letter agreement  between EWI and U.S. Bank National Association in respect thereof and (iv) for any L/C Issuer,  any letter agreement between EWI and such L/C Issuer, in each such case, as amended,  modified, extended, renewed or replaced.           “Fitch” means Fitch, Inc. and any successor thereto.         “Fixed LIBOR Base Rate” means:               (a)  for any interest calculation with respect to a Fixed LIBOR Rate Loan on        any date:                     (i)  [reserved];                     (ii)  denominated in a LIBOR Quoted Currency, the rate per annum              equal to the London Interbank Offered Rate or a comparable or successor thereto              which is approved by the Administrative Agent, as published by Bloomberg (or              such other commercially available source providing quotations as may be              designated by the Administrative Agent from time to time) (in such case, the              “LIBOR Rate”) at or about 11:00 a.m. (London time) on the Rate Determination              Date, for deposits in the relevant currency, with a term equivalent to such Interest              Period;                     (iii)  denominated in Australian Dollars, the rate per annum equal to the              Bank Bill Swap Reference Bid Rate or a comparable or successor rate thereto              which is approved by the Administrative Agent (“BBSY”) as published by              Bloomberg (or such other commercially available source providing such              quotations as may be designated by the Administrative Agent from time to time)    NYDOCS02/1161559.5                   17  

 

                                                            EXECUTION COPY               at or about 10:30 a.m. (Melbourne, Australia time) on the Rate Determination              Date with a term equivalent to such Interest Period; and                     (iv)  denominated in any Non-LIBOR Quoted Currency, the rate per              annum designated with respect to such Alternative Currency at the time such              Alternative Currency is approved by the Administrative Agent and the Lenders              pursuant to Section 1.06 (a) (or such other commercially available source              providing quotations as may be designated by the Administrative Agent from time              to time); and               (b) for any interest calculation with respect to a Base Rate Loan on any date, the        rate per annum equal to the LIBOR Rate at or about 11:00 a.m., (London time)        determined two Business Days prior to such date for Dollar deposits being delivered in        the London interbank market for deposits in Dollars with a term of one month        commencing that day;   provided that (x) to the extent a comparable or successor rate is approved by the Administrative  Agent in connection with any rate set forth in this definition, the approved rate shall be applied in  a manner consistent with market practices; provided further that to the extent that such market  practice is not administratively feasible for the Administrative Agent, such approved rate shall be  applied in a manner as otherwise reasonably determined by the Administrative Agent and (y) if  the Fixed LIBOR Base Rate shall be less than zero, such rate shall be deemed to be zero for the  purposes of this Credit Agreement.         “Fixed LIBOR Rate” means (a) for any Interest Period with respect to any Fixed LIBOR  Rate Loan, a rate per annum determined by the Administrative Agent to be equal to the quotient  obtained by dividing (i) the Fixed LIBOR Base Rate for such Fixed LIBOR Rate Loan for such  Interest Period by (ii) one minus the Fixed LIBOR Rate Reserve Percentage for such Fixed  LIBOR Rate Loan for such Interest Period and (b) for any day with respect to any Base Rate  Loan bearing interest at a rate based on the Fixed LIBOR Rate, a rate per annum determined by  the Administrative Agent to be equal to the quotient obtained by dividing (i) the Fixed LIBOR  Base Rate for such Base Rate Loan for such day by (ii) one minus the Fixed LIBOR Rate  Reserve Percentage for such Base Rate Loan for such day.         “Fixed LIBOR Rate Loan” means a Loan that bears interest at a rate based on clause (a)  of the definition of “Fixed LIBOR Base Rate”.  Fixed LIBOR Rate Loans may be denominated  in Dollars or in an Alternative Currency.  All Loans denominated in an Alternative Currency  must be Fixed LIBOR Rate Loans.         “Fixed LIBOR Rate Reserve Percentage” means, for any day, the reserve percentage  (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not  applicable to any Lender, under regulations issued from time to time by the FRB for determining  the maximum reserve requirement (including any emergency, supplemental or other marginal  reserve requirement) with respect to Eurocurrency funding (currently referred to as  “Eurocurrency liabilities”).  The Fixed LIBOR Rate for each outstanding Fixed LIBOR Rate  Loan and for each outstanding Base Rate Loan bearing interest at a rate based on the Fixed    NYDOCS02/1161559.5                   18  

 

                                                            EXECUTION COPY   LIBOR Rate shall be adjusted automatically as of the effective date of any change in the Fixed  LIBOR Rate Reserve Percentage.         “Fixed LIBOR Rate Unavailability Period” means any period of time during which a  notice delivered to the Borrower in accordance with clauses (a) and (b) of Section 3.03 shall  remain in force and effect.         “Floating LIBOR Rate” means a fluctuating rate of interest set on the first Business Day  of each month equal to the LIBOR Rate at approximately 11:00 a.m. (London time) determined  two Business Days prior thereto for Dollar deposits being delivered in the London interbank  market for a term of one month commencing that day (expressed as a decimal and rounded  upward if the number shown in the last decimal place is 5 or greater) adjusted from time to time  in the sole discretion of the Administrative Agent for then applicable reserve requirements,  deposit insurance assessment rates and other regulatory costs; provided that if the Floating  LIBOR Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this  Credit Agreement.         “Floating LIBOR Rate Loans” means a Loan that bears interest at a rate based on the  Floating LIBOR Rate.  Floating LIBOR Rate Loans may be denominated in Dollars only.         “Foreign Borrower” means a Borrower that is not a Domestic Borrower.         “Foreign Credit Party” means a Credit Party that is not a Domestic Credit Party.         “Foreign Lender” means, with respect to any Borrower, (a) if such Borrower is a U.S.  Person, a Lender that is not a U.S. Person, and (b) if the Borrower is not a U.S. Person, a Lender  that is resident or organized under the laws of a jurisdiction other than that in which the  Borrower is resident for tax purposes.  For purposes of this definition, the United States, each  State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction.         “Foreign Obligations” means Obligations of the Foreign Subsidiaries of EWI, including  the Revolving Loan Obligations owing by the Foreign Borrowers, but excluding, in any event,  any Obligation owing by any Domestic Borrower or Domestic Subsidiary.         “Foreign Obligor” means a Credit Party that is a Foreign Subsidiary.         “Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary.         “FRB” means the Board of Governors of the Federal Reserve System of the United  States.         “Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with respect to  the L/C Issuers, such Defaulting Lender’s pro rata share of the outstanding L/C Obligations other  than L/C Obligations as to which such Defaulting Lender’s participation obligation has been  reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof, and (b)  with respect to the Swingline Lenders, such Defaulting Lender’s pro rata share of Swingline  Loans other than Swingline Loans as to which such Defaulting Lender’s participation obligation  has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof.    NYDOCS02/1161559.5                   19  

 

                                                            EXECUTION COPY         “Fund” means any Person (other than a natural person) that is (or will be) engaged in  making, purchasing, holding or otherwise investing in commercial loans and similar extensions  of credit in the ordinary course of its activities.         “Funded Debt” means, as to any Person at a particular time, without duplication, all of  the following, whether or not included as indebtedness or liabilities in accordance with GAAP:               (a)  all obligations for borrowed money, whether current or long-term        (including the Obligations hereunder), and all obligations evidenced by bonds,        debentures, notes, loan agreements or other similar instruments;               (b)  all purchase money indebtedness (including indebtedness and obligations        in respect of conditional sales and title retention arrangements, except for customary        conditional sales and title retention arrangements with suppliers that are entered into in        the ordinary course of business) and all indebtedness and obligations in respect of the        deferred purchase price of property or services (other than (i) trade accounts payable        incurred in the ordinary course of business and payable on customary trade terms, (ii)        unpaid expenses accrued in the ordinary course of business and (iii) contingent        consideration (including, without limitation, guarantees, indemnities and obligations in        respect of purchase price adjustments) in connection with Acquisitions);               (c)  all obligations (other than contingent obligations) under letters of credit        (including standby and commercial), bankers’ acceptances and similar instruments        (including bank guaranties and surety bonds);               (d)  the Attributable Principal Amount of Capital Leases and Synthetic Leases;               (e)  the Attributable Principal Amount of Securitization Transactions (but        without regard to unfunded or undrawn commitments);               (f)  all preferred stock and comparable equity interests providing for        mandatory redemption, sinking fund or other like payments;               (g)  Support Obligations in respect of Funded Debt of another Person;               (h)  Funded Debt of any partnership or joint venture or other similar entity in        which such Person is a general partner or joint venturer, and, as such, has personal        liability for such obligations, but only to the extent there is recourse to such Person for        payment thereof.   For the avoidance of doubt, Funded Debt shall not include:               (A)  ATM Cash Supply Obligations; or               (B)  obligations under or in respect of surety bonds, unless and until drawn; or               (C)  obligations under or in respect of letters of credit to vendors or suppliers  of products, content or services distributed or provided through processing networks of the    NYDOCS02/1161559.5                   20  

 

                                                            EXECUTION COPY   Consolidated Group, unless and until drawn, provided that, in each such case (1) a trust account  or segregated account has been established therefor for the benefit of such vendors and suppliers  (whether for the benefit of a single vendor or supplier or multiple vendors and/or suppliers), (2)  all cash generated from the distribution or provision of such products, content and services  through the respective processing networks of the Consolidated Group is deposited in or subject  to such trust account or segregated account, and (3) such cash will be kept segregated and apart  from cash not associated with the distribution or provision of such products, content and services  through the respective processing networks of the Consolidated Group.   For purposes hereof, the amount of Funded Debt shall be determined (i) based on the outstanding  principal amount in the case of borrowed money indebtedness under clause (a) and purchase  money indebtedness and the deferred purchase obligations under clause (b), (ii) based on the  maximum amount available to be drawn in the case of letter of credit obligations and the other  obligations under clause (c), (iii) in the case of a Securitization Transaction established to  facilitate the issuance of letters of credit and bank guaranties, without duplication for the letters  of credit and bank guaranties issued in connection therewith, and (iv) based on the amount of  Funded Debt that is the subject of the Support Obligations in the case of Support Obligations  under clause (g).         “GAAP” means generally accepted accounting principles in the United States set forth in  the opinions and pronouncements of the Accounting Principles Board and the American Institute  of Certified Public Accountants and statements and pronouncements of the Financial Accounting  Standards Board or such other principles as may be approved by a significant segment of the  accounting profession in the United States, that are applicable to the circumstances as of the date  of determination, consistently applied, subject to the provisions of Section 1.03.         “Governmental Authority” means the government of the United States or any other  nation, or of any political subdivision thereof, whether state or local, and any agency, authority,  instrumentality, regulatory body, court, central bank or other entity exercising executive,  legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to  government (including any supra-national bodies such as the European Union or the European  Central Bank).         “Guaranteed Obligations” shall have the meaning provided in Section 4.01.         “Guarantors” means (i) EWI, (ii) the Domestic Subsidiaries identified on the signature  pages hereto as “Guarantors”, and (iii) each other Domestic Subsidiary which after the Closing  Date becomes a Guarantor pursuant to a Joinder Agreement or other documentation in form and  substance reasonably acceptable to the Administrative Agent, in each case together with their  respective successors and permitted assigns.         “Guaranty” means (a) the guaranty provided pursuant to Article IV hereof, and/or (b) any  other guaranty agreement in respect of the Obligations given by any Person, whether by way of  Joinder Agreement or otherwise, in each case as the same may be amended and modified from  time to time.    NYDOCS02/1161559.5                   21  

 

                                                            EXECUTION COPY         “Hazardous Materials” means all explosive or radioactive substances or wastes and all  hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum  distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas,  infectious or medical wastes and all other substances or wastes of any nature regulated pursuant  to any Environmental Law.         “Honor Date” has the meaning provided in Section 2.03(c)(i).         “Hungarian Forints” means the lawful currency of Hungary.         “IFRS” means international financial reporting standards as adopted by the International  Accounting Standards Board and in effect from time to time.         “Immaterial Subsidiary” means any Subsidiary that is not a Credit Party and that  (considered with its Subsidiaries on a consolidated basis) represents 10% or less of consolidated  revenues for the Consolidated Group (in each such case determined as of the end of each fiscal  quarter for the period of four consecutive fiscal quarters then ended).         “Incremental Credit Facilities” has the meaning provided in Section 2.01(d).         “Indebtedness” means, as to any Person at a particular time, without duplication, all of  the following, whether or not included as indebtedness or liabilities in accordance with GAAP:               (a)  all Funded Debt;               (b)  all contingent obligations under letters of credit (including standby and        commercial), bankers’ acceptances and similar instruments (including bank guaranties        and surety bonds);               (c)  net obligations under any Swap Contract;               (d)  Support Obligations in respect of Indebtedness of another Person; and               (e)  Indebtedness of any partnership or joint venture or other similar entity in        which such Person is a general partner or joint venturer, and, as such, has personal        liability for such obligations, but only to the extent there is recourse to such Person for        payment thereof.   For the avoidance of doubt, Indebtedness shall not include:               (A)  ATM Cash Supply Obligations;               (B)  obligations under or in respect of surety bonds, unless and until drawn; or               (C)  obligations under or in respect of letters of credit to vendors or suppliers        of products, content or services distributed or provided through processing networks of        the Consolidated Group, unless and until drawn, provided that, in each such case (1) a        trust account or segregated account has been established therefor for the benefit of such    NYDOCS02/1161559.5                   22  

 

                                                            EXECUTION COPY         vendors and suppliers (whether for the benefit of a single vendor or supplier or multiple        vendors and/or suppliers), (2) all cash generated from the distribution or provision of        such products, content and services through the respective processing networks of the        Consolidated Group is deposited in or subject to such trust account or segregated account,        and (3) such cash will be kept segregated and apart from cash not associated with the        distribution or provision of such products, content and services through the respective        processing networks of the Consolidated Group.   For purposes hereof, the amount of Indebtedness shall be determined (i) based on Swap  Termination Value in the case of net obligations under Swap Contracts under clause (c) and (ii)  based on the outstanding principal amount of the Indebtedness that is the subject of the Support  Obligations in the case of Support Obligations under clause (d).         “Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with  respect to any payment made by or on account of any obligation of any Credit Party under any  Credit Document and (b) to the extent not otherwise described in clause (a), Other Taxes.         “Indemnitee” has the meaning provided in Section 11.04(b).         “Information” has the meaning specified in Section 11.07.         “Interest Payment Date” means, (a) as to any Base Rate Loan and any Floating LIBOR  Rate Loan (including USD Swingline Loans), the last Business Day of each March, June,  September and December and the Termination Date and, in the case of any Swingline Loan, any  other dates as may be mutually agreed upon by the applicable Borrowers and the applicable  Swingline Lender, (b) as to any Fixed LIBOR Rate Loan, the last day of each Interest Period  applicable to such Loan, the date of repayment of principal of such Loan and the Termination  Date, and in addition, where the applicable Interest Period exceeds three months, the date every  three months after the beginning of such Interest Period; and (c) as to any Primary Currency  Swingline Loan and Overnight Rate Loan, the last day of each Interest Period applicable thereto  and the Termination Date.  If an Interest Payment Date falls on a date that is not a Business Day,  such Interest Payment Date shall be deemed to be the next succeeding Business Day.         “Interest Period” means, (i) as to each Fixed LIBOR Rate Loan, the period commencing  on the date such Fixed LIBOR Rate Loan is disbursed or converted to or continued as a Fixed  LIBOR Rate Loan and ending on the date one week, one, two, three or six months thereafter (in  each case, subject to availability), as selected by the applicable Borrower in its Loan Notice and  (ii) as to each Primary Currency Swingline Loan and Overnight Rate Loan, the period  commencing on the date such Loan is disbursed and ending on the date as may be offered by the  applicable Lender or Lenders and agreed to by the Borrower; provided that:               (a)  any Interest Period that would otherwise end on a day that is not a        Business Day shall be extended to the next succeeding Business Day unless such        Business Day falls in another calendar month, in which case such Interest Period shall        end on the next preceding Business Day;               (b)  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    NYDOCS02/1161559.5                   23  

 

                                                            EXECUTION COPY         month at the end of such Interest Period) shall end on the last Business Day of the        calendar month at the end of such Interest Period; and               (c)  no Interest Period with respect to any Revolving Loan shall extend beyond        the Termination Date.         “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended.         “Investment” means, as to any Person, any direct or indirect acquisition or investment by  such Person, whether by means of (a) the purchase or other acquisition of Capital Stock of  another Person, (b) a loan, advance or capital contribution to, guaranty or assumption of  Indebtedness of, or purchase or other acquisition of any other Indebtedness or equity  participation or interest in, another Person, including any partnership or joint venture interest in  such other Person and any arrangement pursuant to which the investor undertakes any Support  Obligation with respect to Indebtedness of such other Person, or (c) the purchase or other  acquisition (in one transaction or a series of transactions) of assets of another Person that  constitute a business unit.  For purposes of covenant compliance, the amount of any Investment  shall be the amount actually loaned or invested, without adjustment for subsequent increases or  decreases in the value of such Investment.         “IP Rights” has the meaning provided in Section 6.11.         “IRS” means the United States Internal Revenue Service.         “ISP” means, with respect to any Letter of Credit, the “International Standby Practices  1998” published by the Institute of International Banking Law & Practice, Inc. (or such later  version thereof as may be in effect at the time of issuance of such Letter of Credit).         “Issuer Documents” means, with respect to any Letter of Credit, the L/C Application and  any other document, agreement or instrument (including such Letter of Credit) entered into by a  Borrower (or any Subsidiary) and the applicable L/C Issuer (or in favor of the applicable L/C  Issuer), relating to such Letter of Credit.         “Japanese Yen” means the lawful currency of Japan.         “Joinder Agreement” means a joinder agreement substantially in the form of Exhibit 7.13  executed and delivered in accordance with the provisions of Section 7.13.         “Judgment Currency” has the meaning provided in Section 11.18.         “Laws” means, collectively, all international, foreign, federal, state and local statutes,  treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial  precedents or authorities, including the interpretation or administration thereof by any  Governmental Authority charged with the enforcement, interpretation or administration thereof,  and all applicable administrative orders, directed duties, licenses, authorizations and permits of,  and agreements with, any Governmental Authority, in each case whether or not having the force  of law.    NYDOCS02/1161559.5                   24  

 

                                                            EXECUTION COPY         “L/C Advance” means, with respect to each USD Lender, such Lender’s funding of its  participation in any L/C Borrowing.  All L/C Advances must be denominated in Dollars.         “L/C Application” means an application and agreement for the issuance or amendment of  a Letter of Credit in the form from time to time in use by the L/C Issuer.         “L/C Borrowing” means any extension of credit resulting from a drawing under any  Letter of Credit that has not been reimbursed or refinanced as a Borrowing of USD Revolving  Loans.  All L/C Borrowings will be denominated in Dollars.         “L/C Commitment” means, with respect to the L/C Issuer, the commitment of the L/C  Issuer to issue and to honor payment obligations under Letters of Credit, and, with respect to  each USD Lender, the commitment of such Lender to purchase its pro rata share of participation  interests in L/C Obligations.  The L/C Commitment of any L/C Issuer may not be increased or  extended without the prior written consent of such L/C Issuer.         “L/C Credit Extension” means, with respect to any Letter of Credit, the issuance thereof  or extension of the expiry date thereof, or the increase of the amount thereof.         “L/C Expiration Date” means the day that is seven days prior to the Termination Date  then in effect (or, if such day is not a Business Day, the immediately preceding Business Day).         “L/C Issuer” means (a) as to Existing Letters of Credit, those lenders identified as an  issuer on Schedule 2.03, (b) in the case of Letters of Credit denominated in Dollars, Bank of  America in its capacity as issuer of such Letters of Credit, together with its successors in such  capacity, (c) in the case of Letters of Credit denominated in Alternative Currencies, Bank of  America in its capacity as issuer of such Letters of Credit hereunder, together with its successors  in such capacity.         “L/C Obligations” means, at any time, the sum of (a) the maximum amount available to  be drawn under Letters of Credit then outstanding, assuming compliance with all requirements  for drawings referenced therein, plus (b) the aggregate amount of all L/C Unreimbursed  Amounts, including L/C Borrowings.  For purposes of computing the amount available to be  drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in  accordance with Section 1.09.  For all purposes of this Credit Agreement, if on any date of  determination a Letter of Credit has expired by its terms but any amount may still be drawn  thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be  deemed to be “outstanding” in the amount so remaining available to be drawn.         “L/C Sublimit” has the meaning provided in Section 2.01(a)(ii).         “L/C Unreimbursed Amount” has the meaning provided in Section 2.03(c)(i).         “Lender Joinder Agreement” means a joinder agreement, substantially in the form of  Exhibit 2.01, executed and delivered in accordance with the provisions of Section 2.01(d).         “Lenders” means the USD Lenders, the Primary Currency Lenders and/or the Secondary  Currency Lenders, as appropriate.    NYDOCS02/1161559.5                   25  

 

                                                            EXECUTION COPY         “Lending Office” means, as to any Lender, the office or offices of such Lender set forth  in such Lender’s Administrative Questionnaire or such other office or offices as a Lender may  from time to time notify the Borrowers and the Administrative Agent, which office may include  any Affiliate of such Lender or any domestic or foreign branch of such Lender or such Affiliate.   Unless the context otherwise requires each reference to a Lender shall include its applicable  Lending Office.         “Letter of Credit” means each Existing Letter of Credit and each standby letter of credit  issued by a L/C Issuer under Section 2.01(a)(ii).  Letters of Credit will be issued in Dollars and  Alternative Currencies.         “Letter of Credit Fee” has the meaning provided in Section 2.09(b)(i).         “LIBOR Quoted Currency” means Dollars, Euro, British Pounds Sterling and Japanese  Yen, in each case, for so long as there is a published LIBOR rate with respect thereto.         “LIBOR Rate” means a Fixed LIBOR Rate or Floating LIBOR Rate, or both, as  appropriate.         “LIBOR Rate Loans” means a Fixed LIBOR Rate Loan or Floating LIBOR Rate Loan, or  both, as appropriate.         “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement,  encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or  preferential arrangement in the nature of a security interest of any kind or nature whatsoever  (including any conditional sale or other title retention agreement, any easement, right of way or  other encumbrance on title to real property and any financing lease having substantially the same  economic effect as any of the foregoing).  For the avoidance of doubt, Liens do not include  (a) the ownership or other interests of counterparties in “vault cash” they supply pursuant to  ATM Cash Supply Agreements or (b) setoff rights or statutory liens arising in the ordinary  course of business.         “Loan Notice” means a notice of (a) a Borrowing of Loans (including Swingline Loans),  (b) a conversion of Loans from one Type to the other, or (c) a continuation of Fixed LIBOR Rate  Loans, which, if in writing, shall be substantially in the form of Exhibit 2.02 or such other form  as may be approved by the Administrative Agent  (including any form on an electronic platform  or electronic transmission system as shall be approved by the Administrative Agent),  appropriately completed and signed by a Responsible Officer of EWI.         “Loans” means any Revolving Loan, and the Fixed LIBOR Rate Loans, Floating LIBOR  Rate Loans, Base Rate Loans and Overnight Rate Loans comprising such Loans.         “London Banking Day” means any day on which dealings in deposits in the applicable  currency are conducted by and between banks in the London interbank eurocurrency market.         “Master Agreement” shall have the meaning provided in the definition of “Swap  Contract”.    NYDOCS02/1161559.5                   26  

 

                                                            EXECUTION COPY         “Master Revolving Commitments” means the USD Revolving Commitments, the  Primary Currency Revolving Commitments and the Secondary Currency Revolving  Commitments.         “Master Revolving Committed Amount” means, for any Lender, an amount equal to its  USD Revolving Committed Amount; provided that for any affiliated Lenders which split their  respective Master Revolving Commitments hereunder, such affiliated Lenders shall be regarded  as a single combined Lender for purposes of determining the “Master Revolving Committed  Amount” (and availability thereunder) and determining the facility fee payable under Section  2.09(a)(i).         “Master Revolving Loan Obligations” means the USD Revolving Loan Obligations, the  Primary Currency Revolving Loan Obligations and the Secondary Currency Revolving Loan  Obligations.         “Material Acquisition” means an Acquisition with Acquisition Consideration in excess of  $200 million.         “Material Adverse Effect” means (a) a material adverse change in, or a material adverse  effect upon, the business, financial condition, results of operations or assets of the Consolidated  Group, taken as a whole; (b) a material impairment of the ability of the Credit Parties, taken as a  whole, to perform their obligations under the Credit Documents to which they are parties; or (c)  a material adverse effect upon the legality, validity, binding effect or the rights and remedies of  the Administrative Agent or the Lenders under the Credit Documents, taken as a whole.         “Material Domestic Subsidiary” means (i) each of the Domestic Borrowers (other than  EWI), and (ii) each Domestic Subsidiary which becomes, or is required to become, a Guarantor  in accordance with the provisions of Section 7.13.         “Maximum Rate” has the meaning specified in Section 11.09.         “Minimum Collateral Amount” means, at any time, (a) with respect to Cash Collateral  consisting of cash or deposit account balances provided to reduce or eliminate Fronting Exposure  during any period when a Lender constitutes a Defaulting Lender, an amount equal to 103% of  the Fronting Exposure of the L/C Issuer with respect to Letters of Credit issued and outstanding  at such time, (b) with respect to Cash Collateral consisting of cash or deposit account balances  provided in accordance with the provisions of Section 2.16(a)(i), (a)(ii) or (a)(iii), an amount  equal to 103% of the Outstanding Amount of all L/C Obligations, and (c) otherwise, an amount  determined by the Administrative Agent and the L/C Issuer in their sole discretion.         “MLPF&S” means Merrill Lynch, Pierce, Fenner & Smith Incorporated, together with its  successors.         “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto.         “Multiemployer Plan” means any employee benefit plan of the type described in Section  4001(a)(3) of ERISA, to which EWI or any ERISA Affiliate makes or is obligated to make    NYDOCS02/1161559.5                   27  

 

                                                            EXECUTION COPY   contributions, or during the preceding five plan years, has made or been obligated to make  contributions.         “New Zealand Dollars” means the lawful currency of New Zealand.         “Non-Consenting Lender” means any Lender that does not approve any consent, waiver  or amendment that (a) requires the approval of all Lenders or all affected Lenders, or all Lenders  or all affected Lenders in a particular facility, as appropriate,  in accordance with the terms of  Section 11.01 and (b) has been approved by the Required Lenders.         “Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting  Lender.         “Non-Extension Notice Date” has the meaning provided in Section 2.03(b)(iii).         “Non-Guarantor Domestic Subsidiary” has the meaning provided in Section 7.13.         “Non-LIBOR Quoted Currency” means any currency other than a LIBOR Quoted  Currency.         “Non-Reinstatement Deadline” has the meaning provided in Section 2.03(b)(iv).         “Norwegian Krone” means the lawful currency of Norway.         “Notes” means the USD Notes, the Primary Currency Notes and/or the Secondary  Currency Notes.         “Obligations” means, with respect to each of the Credit Parties, without duplication, (a)  all advances to, and debts, liabilities, obligations, covenants and duties of, any Credit Party  arising under any Credit Document or otherwise with respect to any Loan or Letter of Credit, and  all costs and expenses incurred in connection with enforcement and collection of the foregoing,  including the reasonable fees, charges and disbursements of counsel, in each case, whether direct  or indirect (including those acquired by assumption), absolute or contingent, due or to become  due, now existing or hereafter arising and including interest and fees that accrue after the  commencement by or against any Credit Party or any Affiliate thereof pursuant to any  proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding,  regardless of whether such interest and fees are allowed claims in such proceeding, (b) all  obligations under any Swap Contract between EWI or any of its Subsidiaries, on the one hand,  and any Lender or Affiliate of a Lender (or a Person who, at the time the Swap Contract was  entered into, was a Lender or an Affiliate of a Lender), on the other hand, to the extent permitted  hereunder and (c) all obligations under any Treasury Management Agreement between EWI or  any of its Subsidiaries, on the one hand, and any Lender or Affiliate of a Lender (or a Person  who, at the time the Treasury Management Agreement was entered into, was a Lender or an  Affiliate of a Lender), on the other hand; provided that the “Obligations” of a Credit Party shall  exclude any Excluded Swap Obligations with respect to such Credit Party.         “Organization Documents” means, (a) with respect to any corporation, the certificate or  articles of incorporation and the bylaws (or equivalent or comparable constitutive documents    NYDOCS02/1161559.5                   28  

 

                                                            EXECUTION COPY   with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the  certificate or articles of formation or organization and operating agreement; and (c) with respect  to any partnership, joint venture, trust or other form of business entity, the partnership, joint  venture or other applicable agreement of formation or organization and any agreement,  instrument, filing or notice with respect thereto filed in connection with its formation or  organization with the applicable Governmental Authority in the jurisdiction of its formation or  organization and, if applicable, any certificate or articles of formation or organization of such  entity.         “Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a  result of a present or former connection between such Recipient and the jurisdiction imposing  such Tax (other than connections arising from such Recipient having executed, delivered,  become a party to, performed its obligations under, received payments under, received or  perfected a security interest under, engaged in any other transaction pursuant to or enforced any  Credit Document, or sold or assigned an interest in any Loan or Credit Document).         “Other Taxes” means all present or future stamp, court or documentary, intangible,  recording, filing or similar Taxes that arise from any payment made under, from the execution,  delivery, performance, enforcement or registration of, from the receipt or perfection of a security  interest under, or otherwise with respect to, any Credit Document, except any such Taxes that are  Other Connection Taxes imposed with respect to an assignment (other than an assignment made  pursuant to Section 3.06).         “Outstanding Amount” means (i) with respect to Loans on any date, the Dollar  Equivalent amount of the aggregate outstanding principal amount thereof after giving effect to  any borrowings and prepayments or repayments of such Loans occurring on such date; (ii) with  respect to Swingline Loans on any date, the Dollar Equivalent amount of the aggregate  outstanding principal amount thereof after giving effect to any borrowings and prepayments or  repayments of such Swingline Loans occurring on such date; and (iii) with respect to any L/C  Obligations on any date, the Dollar Equivalent amount of the aggregate outstanding amount of  such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on  such date and any other changes in the aggregate amount of the L/C Obligations as of such date,  including as a result of any reimbursements by a Borrower of L/C Unreimbursed Amounts.         “Overnight Rate” means, for any day, (a) with respect to any amount denominated in  Dollars, the greater of (i) the Federal Funds Rate and (ii) the overnight rate determined by the  Administrative Agent, the L/C Issuer or the applicable Swingline Lender, as the case may be, in  accordance with banking industry rules on interbank compensation, and (b) with any amount  denominated in any other currency, the greater of (i) an overnight rate determined by the  Administrative Agent, the L/C Issuer or the applicable Swingline Lender, as the case may be, in  accordance with banking industry rules on interbank compensation, and (ii) the rate of interest  per annum at which overnight deposits in the applicable Alternative Currency, in an amount  approximately equal to the amount with respect to which such rate is being determined, would be  offered for such day by a branch or Affiliate of Bank of America in the applicable offshore  interbank market for such currency to major banks in such interbank market.         “Overnight Rate Loans” means a Loan that bears interest based on the Overnight Rate.    NYDOCS02/1161559.5                   29  

 

                                                            EXECUTION COPY         “Participant” has the meaning specified in Section 11.06(d).         “Participant Register” has the meaning specified in Section 11.06(d).          “Participating Member State” means any member state of the European Union that adopts  or has adopted the Euro as its lawful currency in accordance with legislation of the European  Union relating to Economic and Monetary Union.         “Patriot Act” has the meaning provided in Section 11.17.         “PBGC” means the Pension Benefit Guaranty Corporation.         “Pension Plan” means any “employee pension benefit plan” (as such term is defined in  Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA  and is sponsored or maintained by EWI or any ERISA Affiliate or to which EWI or any ERISA  Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or  other plan described in Section 4064(a) of ERISA, has made contributions at any time during the  immediately preceding five plan years.         “Permitted Dispositions” means:               (a)  Dispositions of cash and Cash Equivalents;               (b)  Dispositions by and between members of the Consolidated Group;               (c)  Dispositions consisting of the sale and leaseback of ADTs, ATMs or POS        terminals in the ordinary course of business when such sale and leaseback is entered into        in connection with an agreement between any member of the Consolidated Group and a        customer for the provision of services, such as the outsourced operation of the ADTs,        ATMs or POS terminals or the licensing and maintenance of software for the operation of        such ADTs, ATMs or POS terminals;               (d)  Dispositions consisting of the contribution of assets (including all or any        portion of the assets of, or the equity interests in, certain subsidiaries) into non-wholly        owned joint ventures;               (e)  Dispositions consisting of the sale or transfer of Securitization        Receivables (or interests therein) in connection with a Securitization Transaction        permitted hereunder;               (f)  Dispositions of obsolete or worn out property, whether now owned or        hereafter acquired, in the ordinary course of business;               (g)  Dispositions of inventory and marketable securities in the ordinary course        of business and the licensing or sublicensing of software and IP Rights consistent with        past practices;    NYDOCS02/1161559.5                   30  

 

                                                            EXECUTION COPY               (h)  Dispositions resulting from the lease of terminal equipment, ADTs or        ATMs in the ordinary course of business of members of the Consolidated Group;               (i)  Dispositions of equipment or real property to the extent that (A) such        property is exchanged for credit against the purchase price of similar replacement        property or (B) the proceeds of such Disposition are reasonably promptly applied to the        purchase price of such replacement property;               (j)  Dispositions of Property in connection with casualty, condemnation or        similar events;               (k)  Dispositions resulting from the surrender or waiver of contract rights or        the settlement, release or surrender of contract, tort or other claims;               (l)  Dispositions resulting from the leasing, subleasing or assignment of        Property in the ordinary course of business;               (m)  Dispositions of accounts receivable in connection with the collection or        compromise thereof;               (n)  Dispositions resulting from the abandonment of IP Rights which are not        material to the conduct of the business of the Consolidated Group, taken as a whole;                (o)  Dispositions resulting from transactions permitted by Section 8.04 or        Restricted Payments permitted by Section 8.06; and               (p)  other Dispositions by the members of the Consolidated Group in any fiscal        year of assets as to which attributed EBITDA does not in the aggregate exceed 20% of        Consolidated EBITDA of the Consolidated Group as of the most recently ended fiscal        year for which audited financial statements have been delivered, provided, in each case,        that no Default shall exist and be continuing immediately before or immediately after        giving effect thereto on a Pro Forma Basis.         “Permitted Liens” means Liens permitted pursuant to Section 8.01.         “Person” means any natural person, corporation, limited liability company, trust, joint  venture, association, company, partnership, Governmental Authority or other entity.         “Plan” means any “employee benefit plan” (as such term is defined in Section 3(3) of  ERISA) established by EWI or, with respect to any such plan that is subject to Section 412 of the  Internal Revenue Code or Title IV of ERISA, any ERISA Affiliate.         “Platform” has the meaning provided in Section 7.02.         “Polish Zlotys” means the lawful currency of Poland.    NYDOCS02/1161559.5                   31  

 

                                                            EXECUTION COPY         “Primary Currency Lenders” means those Lenders with Primary Currency Revolving  Commitments, together with their successors and permitted assigns.  The initial Primary  Currency Lenders are identified on the signature pages hereto and are set out in Schedule 2.01.         “Primary Currency Notes” means the promissory notes, if any, given to evidence the  Primary Currency Revolving Loan Obligations, as amended, restated, modified, supplemented,  extended, renewed or replaced.  A form of Primary Currency Note is attached as Exhibit 2.13-2.         “Primary Currency Revolving Commitment” means, for each Primary Currency Lender,  the commitment of such Lender to make Primary Currency Revolving Loans (and to share in  Primary Currency Revolving Loan Obligations) hereunder.         “Primary Currency Revolving Commitment Percentage” means, for each Primary  Currency Lender, a fraction (expressed as a percentage carried to the ninth decimal place), the  numerator of which is such Lender’s Primary Currency Revolving Committed Amount and the  denominator of which is the Aggregate Primary Currency Revolving Committed Amount.  The  initial Primary Currency Revolving Commitment Percentages are set out in Schedule 2.01.         “Primary Currency Revolving Committed Amount” means, for each Primary Currency  Lender, the amount of such Lender’s Primary Currency Revolving Commitment.  The initial  Primary Currency Revolving Committed Amounts are set out in Schedule 2.01.         “Primary Currency Revolving Loan” has the meaning provided in Section 2.01(b)(i).         “Primary Currency Revolving Loan Obligations” means the Primary Currency Revolving  Loans and the Primary Currency Swingline Loans.         “Primary Currency Swingline Lender” means Bank of America and each other Lender  that is so designated by EWI (with the approval of the Administrative Agent and such Lender),  each in its capacity as such, together with any successor in such capacity.         “Primary Currency Swingline Loan” has the meaning provided in Section 2.01(b)(ii).  All  Primary Currency Swingline Loans will be denominated in Alternative Currencies therefor,  being British Pounds Sterling and Euro on the Closing Date.         “Primary Currency Swingline Sublimit” has the meaning provided in Section 2.01(b)(ii).   The Primary Currency Swingline Sublimit is a part of, and not in addition to, the Aggregate  Primary Currency Revolving Commitments.         “Prime Rate” means the rate of interest in effect for such day as publicly announced from  time to time by Bank of America as its “prime rate.”  The “prime rate” is a rate set by Bank of  America based upon various factors including Bank of America’s costs and desired return,  general economic conditions and other factors, and is used as a reference point for pricing some  loans, which may be priced at, above, or below such announced rate.  Any change in the “prime  rate” announced by Bank of America shall take effect at the opening of business on the day  specified in the public announcement of such change.    NYDOCS02/1161559.5                   32  

 

                                                            EXECUTION COPY         “Pro Forma Basis” means, with respect to any transaction, for purposes of determining  compliance with the financial covenants hereunder, that such transaction shall be deemed to have  occurred as of the first day of the period of four consecutive fiscal quarters ending as of the end  of the most recent fiscal quarter for which annual or quarterly financial statements shall have  been delivered in accordance with the provisions hereof.  Further, for purposes of making  calculations on a “Pro Forma Basis” hereunder, (a) in the case of any Disposition, (i) income  statement items (whether positive or negative) attributable to the property, entities or business  units that are the subject of such Disposition shall be excluded to the extent relating to any period  prior to the date thereof and (ii) Indebtedness paid or retired in connection with such Disposition  shall be deemed to have been paid and retired as of the first day of the applicable period; and (b)  in the case of any Acquisition, merger or consolidation, (i) income statement items (whether  positive or negative) attributable to the property, entities or business units that are the subject  thereof shall be included to the extent relating to any period prior to the date thereof and (ii)  Indebtedness incurred in connection with such Acquisition, merger or consolidation, shall be  deemed to have been incurred as of the first day of the applicable period (and interest expense  shall be imputed for the applicable period assuming prevailing interest rates hereunder).         “Property” means an interest of any kind in any property or asset, whether real, personal  or mixed, and whether tangible or intangible.         “Public Lender” has the meaning specified in Section 7.02.         “Qualified ECP Guarantor” means, at any time, each Credit Party with total assets  exceeding $10,000,000 or that qualifies at such time as an “eligible contract participant” under  the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract  participant” at such time under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.         “Rate Determination Date” means, with respect to any Interest Period, two Business Days  prior to the commencement of such Interest Period (or such other day as is generally treated as  the rate fixing day by market practice in such interbank market, as determined by the  Administrative Agent; provided that to the extent such market practice is not administratively  feasible for the Administrative Agent, then “Rate Determination Date” means such other day as  otherwise reasonably determined by the Administrative Agent).         “Recipient” means the Administrative Agent, any Lender, the L/C Issuer or any other  recipient of any payment to be made by or on account of any obligation of any Credit Party  hereunder.         “Refinancing Indebtedness” means Indebtedness issued or incurred (including by means  of the extension or renewal of existing Indebtedness) to extend, renew, replace, defease, refund  or refinance existing Indebtedness (the “Refinanced Debt”) but only if the aggregate principal  amount of the Refinancing Indebtedness shall be less than or equal to the sum of (a) the  aggregate amount of the Refinanced Debt (including principal and accrued interest), (b) the  aggregate amount of unused commitments under the Refinanced Debt, (c) prepayment fees or  premiums, tender or consent fees and/or other reasonable costs and expenses directly related to  the Refinanced Debt and (d) reasonable fees, expenses and costs directly related to the entering  into of the Refinanced Debt.    NYDOCS02/1161559.5                   33  

 

                                                            EXECUTION COPY         “Refinancing Investment” means an Investment made (including by means of the  extension or renewal of an existing Investment) to extend, renew, replace, defease, refund or  refinance an existing Investment (the “Refinanced Investment”), but only if the amount of the  Refinancing Investment is less than or equal to the sum of (1) the aggregate principal amount of  the Refinanced Investment (including accrued interest or dividends, as applicable), (2)  prepayment fees or premiums, tender or consent fees and/or other costs and expenses directly  related to the Refinanced Investment and (3) fees, expenses and costs directly related to the  entering into the Refinancing Investment.         “Refinancing Lien” means a Lien granted to extend, renew or replace an existing Lien,  but only if (a) the amount of the Indebtedness or other obligations secured or benefited thereby is  not increased except as contemplated by Section 8.03 and (b) any renewal or extension of the  Indebtedness or other obligations secured or benefited thereby is permitted by Section 8.03.         “Register” has the meaning provided in Section 11.06(c).         “Related Parties” means, with respect to any Person, such Person’s Affiliates and the  partners, directors, officers, employees, agents, trustees, administrators, managers, advisors and  representatives of such Person and of such Person’s Affiliates.         “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other  than events for which the thirty-day notice period has been waived.         “Request for Credit Extension” means (a) with respect to a Borrowing of Loans  (including Swingline Loans) or the conversion or continuation of Loans, a Loan Notice and (b)  with respect to an L/C Credit Extension, an L/C Application.         “Required Lenders” means, as of any date of determination, Lenders having more than  50% of the Aggregate Master Revolving Commitments or, if the Revolving Commitments shall  have expired or been terminated, Lenders holding in the aggregate more than 50% of the  Revolving Loan Obligations (including, in each case, the aggregate amount of each Lender’s risk  participation and funded participation in L/C Obligations and Swingline Loans); provided that  the commitments of, and the portion of the Revolving Loan Obligations held or deemed held by,  any Defaulting Lender shall be excluded for purposes of making a determination of Required  Lenders.         “Required Primary Currency Lenders” means, as of any date of determination, Lenders  having more than 50% of the Aggregate Primary Currency Revolving Commitments, or if the  Primary Currency Revolving Commitments have expired or been terminated, Lenders holding in  the aggregate more than 50% of the Primary Currency Revolving Loan Obligations (including, in  each case, the aggregate amount of each Lender’s risk participation and funded participation in  Primary Currency Swingline Loans); provided that the commitments of, and the portion of the  Primary Currency Revolving Loan Obligations held or deemed held by, any Defaulting Lender  shall be excluded for purposes of making a determination of “Required Primary Currency  Lenders”.         “Required Secondary Currency Lenders” means, as of any date of determination, Lenders  having more than 50% of the Aggregate Secondary Currency Revolving Commitments, or if the    NYDOCS02/1161559.5                   34  

 

                                                            EXECUTION COPY   Secondary Currency Revolving Commitments have expired or been terminated, Lenders holding  in the aggregate more than 50% of the Secondary Currency Revolving Loan Obligations;  provided that the commitments of, and the portion of the Primary Secondary Revolving Loan  Obligations held or deemed held by, any Defaulting Lender shall be excluded for purposes of  making a determination of “Required Secondary Currency Lenders”.         “Required USD Lenders” means, as of any date of determination, Lenders having more  than 50% of the Aggregate USD Revolving Commitments, or if the USD Revolving  Commitments have expired or been terminated, Lenders holding in the aggregate more than 50%  of the USD Revolving Loan Obligations (including, in each case, the aggregate amount of each  Lender’s risk participation and funded participation in L/C Obligations and USD Swingline  Loans); provided that the commitments of, and the portion of the USD Revolving Loan  Obligations held or deemed held by, any Defaulting Lender shall be excluded for purposes of  making a determination of “Required USD Lenders”.         “Responsible Officer” means the chief executive officer, president, chief financial  officer, managing director, director, treasurer or assistant treasurer of a Credit Party, solely for  purposes of the delivery of incumbency certificates pursuant to Section 4.01, the secretary or any  assistant secretary of a Credit Party and, solely for purposes of notices given pursuant to Article  II, any other officer or employee of the applicable Credit Party so designated by any of the  foregoing officers in a notice to the Administrative Agent or any other officer or employee of the  applicable Credit Party designated in or pursuant to an agreement between the applicable Credit  Party and the Administrative Agent.  Any document delivered hereunder that is signed by a  Responsible Officer of a Credit Party shall be conclusively presumed to have been authorized by  all necessary corporate, partnership and/or other action on the part of such Credit Party and such  Responsible Officer shall be conclusively presumed to have acted on behalf of such Credit Party.   To the extent requested by the Administrative Agent, each Responsible Officer will provide an  incumbency certificate and to the extent requested by the Administrative Agent, appropriate  authorization documentation, in form and substance satisfactory to the Administrative Agent.         “Restricted Payments” means any dividend or other distribution (whether in cash,  securities or other property) by EWI in respect of its Capital Stock, or any payment (whether in  cash, securities or other property) including any sinking fund payment or similar deposit, for or  on account of the purchase, redemption, retirement, acquisition, cancellation or termination of  any Capital Stock of EWI or any option, warrant or other right to acquire such Capital Stock of  EWI.         “Revaluation Date” means (a) with respect to any Loan, each of the following:  (i) each  date of a Borrowing of a Fixed LIBOR Rate Loan denominated in a currency other than Dollars,  (ii) each date of a continuation of a Fixed LIBOR Rate Loan denominated in a currency other  than Dollars pursuant to Section 2.02, and (iii) such additional dates as the Administrative Agent  shall determine or the respective Required Lenders shall require; and (b) with respect to any  Letter of Credit, each of the following:  (i) each date of issuance, amendment increasing the  amount or extension of a Letter of Credit denominated in a currency other than Dollars, (ii) each  date of an amendment of any such Letter of Credit having the effect of increasing the amount  thereof, (iii) each date of any payment by the applicable L/C Issuer under any Letter of Credit  denominated in a currency other than Dollars, (iv) in the case of the Existing Letters of Credit,    NYDOCS02/1161559.5                   35  

 

                                                            EXECUTION COPY   the Closing Date and (v) such additional dates as the Administrative Agent or the applicable L/C  Issuer shall determine or the respective Required Lenders shall require.         “Revolving Commitment Percentage” means the USD Revolving Commitment  Percentage, the Primary Currency Revolving Commitment Percentage and/or the Secondary  Currency Revolving Commitment Percentage, as appropriate.         “Revolving Commitments” means the USD Revolving Commitments, the Primary  Currency Revolving Commitments and the Secondary Currency Revolving Commitments.         “Revolving Committed Amount” means the USD Revolving Committed Amount, the  Primary Currency Revolving Committed Amount and/or the Secondary Currency Revolving  Committed Amount, as appropriate.         “Revolving Loan Obligations” means the USD Revolving Loan Obligations, the Primary  Currency Revolving Loan Obligations and/or the Secondary Currency Revolving Loan  Obligations, as appropriate.         “Revolving Loans” means the USD Revolving Loans, the Primary Currency Revolving  Loans and/or the Secondary Currency Revolving Loans, as appropriate.         “S&P” means S&P Global Ratings and any successor thereto.         “Same Day Funds” means (a) with respect to disbursements and payments in Dollars,  immediately available funds, and (b) with respect to disbursements and payments in a currencies  other than Dollars, same day or other funds as may be determined by the Administrative Agent  or the applicable L/C Issuer, as the case may be, to be customary in the place of disbursement or  payment for the settlement of international banking transactions in the relevant currency.         “Sanction(s)” means any international economic sanction(s) program (for the avoidance  of doubt, excluding any penalties relating to taxes) administered or enforced by the United States  Government (including, without limitation, OFAC), the United Nations Security Council, the  European Union or Her Majesty’s Treasury.         “SEC” means the Securities and Exchange Commission, or any Governmental Authority  succeeding to any of its principal functions.         “Secondary Currency Lenders” means those Lenders with Secondary Currency  Revolving Commitments, together with their successors and permitted assigns.  The initial  Secondary Currency Lenders are identified on the signature pages hereto and are set out in  Schedule 2.01.         “Secondary Currency Notes” means the promissory notes, if any, given to evidence the  Secondary Currency Revolving Loan Obligations, as amended, restated, modified,  supplemented, extended, renewed or replaced.  A form of Secondary Currency Note is attached  as Exhibit 2.13-3.    NYDOCS02/1161559.5                   36  

 

                                                            EXECUTION COPY         “Secondary Currency Revolving Commitment” means, for each Secondary Currency  Lender, the commitment of such Lender to make Secondary Currency Revolving Loans (and to  share in Secondary Currency Revolving Loan Obligations) hereunder.         “Secondary Currency Revolving Commitment Percentage” means, for each Secondary  Currency Lender, a fraction (expressed as a percentage carried to the ninth decimal place), the  numerator of which is such Lender’s Secondary Currency Revolving Committed Amount and the  denominator of which is the Aggregate Secondary Currency Revolving Committed Amount.   The initial Secondary Currency Revolving Commitment Percentages are set out in Schedule  2.01.         “Secondary Currency Revolving Committed Amount” means, for each Secondary  Currency Lender, the amount of such Lender’s Secondary Currency Revolving Commitment.   The initial Secondary Currency Revolving Committed Amounts are set out in Schedule 2.01.         “Secondary Currency Revolving Loan” has the meaning provided in Section 2.01(c)(i).         “Secondary Currency Revolving Loan Obligations” means the Secondary Currency  Revolving Loans.         “Securitization Transaction” means any financing, factoring or similar transaction (or  series of transactions) entered into by any member of the Consolidated Group pursuant to which  any such member of the Consolidated Group may sell, convey or otherwise transfer, or pledge or  grant a security interest in, accounts, payments, receivables, rights to future lease payments or  residuals or similar rights to payment (the “Securitization Receivables”) to a special purpose  entity (a “Securitization SPE”) or other Person; provided that the granting of Liens on specific  accounts receivable to secure specific letters of credit and other obligations covered in clause (c)  of the definition of Funded Debt will not constitute a Securitization Transaction for purposes  hereof.         “Special Notice Currency” means at any time a currency other than Dollars, other than  the currency of a country that is a member of the Organization for Economic Cooperation and  Development at such time located in North America or Europe.         “Specified-Credit Party” means any Credit Party that is not then an “eligible contract  participant” under the Commodity Exchange Act (determined prior to giving effect to Section  4.08).         “Specified Obligations” means Obligations consisting of principal of and interest on the  Loans, reimbursement obligations in respect of Letters of Credit and fees.         “Spot Rate” for a currency means the rate determined by the Administrative Agent or the  applicable L/C Issuer, as applicable, to be the rate quoted by the Person acting in such capacity  as the spot rate for the purchase by such Person of such currency with another currency through  its principal foreign exchange trading office at approximately 11:00 a.m. on the date two  Business Days prior to the date as of which the foreign exchange computation is made; provided  that the Administrative Agent or the applicable L/C Issuer may obtain such spot rate from  another financial institution designated by the Administrative Agent or the applicable L/C Issuer    NYDOCS02/1161559.5                   37  

 

                                                            EXECUTION COPY   if the Person acting in such capacity does not have as of the date of determination a spot buying  rate for any such currency; and provided further that the applicable L/C Issuer may use such spot  rate quoted on the date as of which the foreign exchange computation is made in the case of any  Letter of Credit denominated in a currency other than Dollars.         “Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability  company or other business entity of which a majority of the shares of securities or other interests  having ordinary voting power for the election of directors or other governing body (other than  securities or interests having such power only by reason of the happening of a contingency) are  at the time beneficially owned, or the management of which is otherwise controlled, directly, or  indirectly through one or more intermediaries, or both, by such Person.  Unless otherwise  provided, “Subsidiary” shall refer to a Subsidiary of EWI.         “Support Obligations” means, as to any Person, (a) any obligation, contingent or  otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any  Funded Debt or other Indebtedness payable or performable by another Person (the “primary  obligor”) in any manner, whether directly or indirectly, and including any obligation of such  Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or  payment of) such Funded Debt or other Indebtedness, (ii) to purchase or lease property,  securities or services for the purpose of assuring the obligee in respect of such Funded Debt or  other Indebtedness of the payment or performance of such Funded Debt or other Indebtedness,  (iii) to maintain working capital, equity capital or any other financial statement condition or  liquidity or level of income or cash flow of the primary obligor so as to enable the primary  obligor to pay such Funded Debt or other Indebtedness, or (iv) entered into for the purpose of  assuring in any other manner the obligee in respect of such Funded Debt or other Indebtedness of  the payment or performance thereof or to protect such obligee against loss in respect thereof (in  whole or in part), or (b) any Lien on any assets of such Person securing any Funded Debt or  other Indebtedness of any other Person, whether or not such Funded Debt or other Indebtedness  is assumed by such Person (or any right, contingent or otherwise, of any holder of such Funded  Debt or other Indebtedness to obtain any such Lien); provided that “Support Obligation” shall  not include obligations relating to the endorsement of checks, drafts or other items for collection  in the ordinary course of business.  The amount of any Support Obligations shall be deemed to  be an amount equal to the stated or determinable amount of the related Funded Debt or other  Indebtedness, or portion thereof, in respect of which such Support Obligation is made or, if not  stated or determinable, the maximum reasonably anticipated liability in respect thereof as  determined by the guaranteeing Person in good faith.         “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit  derivative transactions, forward rate transactions, commodity swaps, commodity options,  forward commodity contracts, equity or equity index swaps or options, bond or bond price or  bond index swaps or options or forward bond or forward bond price or forward bond index  transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor  transactions, collar transactions, currency swap transactions, cross-currency rate swap  transactions, currency options, spot contracts, or any other similar transactions or any  combination of any of the foregoing (including any options to enter into any of the foregoing),  whether or not any such transaction is governed by or subject to any master agreement, and (b)  any and all transactions of any kind, and the related confirmations, that are subject to the terms    NYDOCS02/1161559.5                   38  

 

                                                            EXECUTION COPY   and conditions of, or governed by, any form of master agreement published by the International  Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement,  or any other master agreement (any such master agreement, together with any related schedules,  a “Master Agreement”), including any such obligations or liabilities under any Master  Agreement.         “Swap Obligations” means with respect to any Guarantor any obligation to pay or  perform under any agreement, contract or transaction that constitutes a “swap” within the  meaning of Section 1a(47) of the Commodity Exchange Act.         “Swap Termination Value” means, in respect of any one or more Swap Contracts, after  taking into account the effect of any legally enforceable netting agreement relating to such Swap  Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and  termination values determined in accordance therewith, such termination values, and (b) for any  date prior to the date referenced in clause (a), the amounts determined as the mark-to-market  values for such Swap Contracts, as determined based upon one or more mid-market or other  readily available quotations provided by any recognized dealer in such Swap Contracts (which  may include a Lender or any Affiliate of a Lender).         “Swedish Krona” means the lawful currency of Sweden.         “Swingline Borrowing” means a borrowing of a Swingline Loan hereunder.         “Swingline Lender” means each USD Swingline Lender, each Primary Currency  Swingline Lender and/or the lender identified as the swingline lender in the case of any other  Swingline Loans established hereunder.         “Swingline Loans” means the USD Swingline Loans, the Primary Currency Swingline  Loans and/or any other swingline loan established in respect of the other Revolving  Commitments hereunder.         “Swingline Sublimit” means the USD Swingline Sublimit, the Primary Currency  Swingline Sublimit and/or any other sublimit for other swingline loans established hereunder.         “Swiss Francs” means the lawful currency of Switzerland.         “Synthetic Lease” means any synthetic lease, tax retention operating lease, off-balance  sheet loan or similar off-balance sheet financing arrangement that is considered borrowed money  indebtedness for tax purposes but is classified as an operating lease under GAAP.         “TARGET2” means the Trans-European Automated Real-time Gross Settlement Express  Transfer payment system which utilizes a single shared platform and which was launched on  November 19, 2007.         “TARGET Day” means any day on which TARGET2 (or, if such payment system ceases  to be operative, such other payment system, if any, determined by the Administrative Agent to be  a suitable replacement) is open for the settlement of payments in Euro.    NYDOCS02/1161559.5                   39  

 

                                                            EXECUTION COPY         “Tax Confirmation” shall  mean a confirmation by the Administrative Agent, Lender or  L/C Issuer, as applicable, that the person beneficially entitled to interest payable to that Lender in  respect of an advance under a Credit Document is either:  (a) a company resident in the United  Kingdom for United Kingdom tax purposes; (b) a partnership each member of which is:  (i) a  company so resident in the United Kingdom; or (ii) a company not so resident in the United  Kingdom which carries on a trade in the United Kingdom through a permanent establishment  and which brings into account in computing its chargeable profits (within the meaning of Section  19 of the CTA) the whole of any share of interest payable in respect of that advance that falls to  it by reason of Part 17 of the CTA; or (c)  a company not so resident in the United Kingdom  which carries on a trade in the United Kingdom through a permanent establishment and which  brings into account interest payable in respect of that advance in computing the chargeable  profits (within the meaning of Section 19 of the CTA) of that company.         “Taxes” means all present or future taxes, levies, imposts, duties, deductions,  withholdings (including backup withholding), assessments, fees or other charges imposed by any  Governmental Authority, including any interest, additions to tax or penalties applicable thereto.         “Termination Date” means October 17, 2023.         “Tranche” means, for purposes of Section 9.04, each of (i) the USD Revolving  Commitments and the USD Revolving Loan Obligations, (ii) the Primary Currency Revolving  Commitments and Primary Currency Revolving Loan Obligations, (iii) the Secondary Currency  Revolving Commitments and the Secondary Currency Revolving Loan Obligations and (iv) any  other commitments relating to Incremental Credit Facilities established after the Closing Date  and the loans and obligations relating thereto.         “Treasury Management Agreement” means any agreement governing the provision of  treasury or cash management services, including, without limitation, deposit accounts, overnight  draft, credit cards, debit cards, p-cards (including purchasing cards, employee credit card  programs and commercial cards), funds transfer, automated clearinghouse, direct debit, zero  balance accounts, returned check concentration, controlled disbursement, lockbox, account  reconciliation and reporting and trade finance services, netting services, cash pooling  arrangements, credit and debit card acceptance or merchant services and other treasury or cash  management services.         “Type” means, with respect to any Revolving Loan, its character as a Base Rate Loan, a  Floating LIBOR Rate Loan or a Fixed LIBOR Rate Loan.         “UCC” means the Uniform Commercial Code in effect in any applicable jurisdiction  from time to time.         “Unfunded Pension Liability” means the excess of a Pension Plan’s benefit liabilities  under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets,  determined in accordance with the assumptions used for funding the Pension Plan pursuant to  Section 412 of the Internal Revenue Code for the applicable plan year.         “United States” or “U.S.” means the United States of America.    NYDOCS02/1161559.5                   40  

 

                                                            EXECUTION COPY         “USD Notes” means the promissory notes, if any, given to evidence the USD Revolving  Loan Obligations, as amended, restated, modified, supplemented, extended, renewed or replaced.   A form of USD Note is attached as Exhibit 2.13-1.         “USD Revolving Commitment” means, for each USD Lender, the commitment of such  Lender to make USD Revolving Loans (and to share in USD Revolving Loan Obligations that  are not USD Revolving Loans) hereunder.         “USD Revolving Commitment Percentage” means, for each USD Lender, a fraction  (expressed as a percentage carried to the ninth decimal place), the numerator of which is such  Lender’s USD Revolving Committed Amount and the denominator of which is the Aggregate  USD Revolving Committed Amount.  The initial USD Revolving Commitment Percentages are  set out in Schedule 2.01.         “USD Revolving Committed Amount” means, for each USD Lender, the amount of such  Lender’s USD Revolving Commitment.  The initial USD Revolving Committed Amounts are set  out in Schedule 2.01.         “USD Lenders” means those Lenders with USD Revolving Commitments, together with  their successors and permitted assigns.  The initial USD Lenders are identified on the signature  pages hereto and are set out in Schedule 2.01.         “USD Revolving Loan” has the meaning provided in Section 2.01(a)(i).         “USD Revolving Loan Obligations” means the USD Revolving Loans, the L/C  Obligations and the USD Swingline Loans.         “USD Revolving Loans” has the meaning provided in Section 2.01(a)(i).         “USD Swingline Lender” means Bank of America and each other Lender that is so  designated by EWI (with the approval of the Administrative Agent and such Lender), each in its  capacity as such, together with any successor in such capacity.         “USD Swingline Loan” has the meaning provided in Section 2.01(a)(iii).         “USD Swingline Sublimit” has the meaning provided in Section 2.01(a)(iii).  The USD  Swingline Sublimit is a part of, and not in addition to, the Aggregate USD Revolving  Commitments.         “U.S. Person” means any Person that is a “United States Person” as defined in Section  7701(a)(30) of the Internal Revenue Code.         “U.S. Tax Compliance Certificate” has the meaning specified in Section 3.01(e)(ii)(B)(3).         “Wholly Owned Subsidiary” means, with respect to any direct or indirect Subsidiary of  any Person, that 100% of the Capital Stock with ordinary voting power issued by such  Subsidiary (other than directors’ qualifying shares and investments by foreign nationals  mandated by applicable Law) is beneficially owned, directly or indirectly, by such Person.    NYDOCS02/1161559.5                   41  

 

                                                            EXECUTION COPY         “Write-Down and Conversion Powers” means, with respect to any EEA Resolution  Authority, the write-down and conversion powers of such EEA Resolution Authority from time  to time under the Bail-In Legislation for the applicable EEA Member Country, which write- down and conversion powers are described in the EU Bail-In Legislation Schedule.         1.02  Interpretive Provisions.  With reference to this Credit Agreement and each other  Credit Document, unless otherwise specified herein or in such other Credit Document:               (a)   The definitions of terms herein shall apply equally to the singular and        plural forms of the terms defined.  Whenever the context may require, any pronoun shall        include the corresponding masculine, feminine and neuter forms.  The words “include”,        “includes” and “including” shall be deemed to be followed by the phrase “without        limitation”.  The word “will” shall be construed to have the same meaning and effect as        the word “shall”.  Unless the context requires otherwise, (i) any definition of or reference        to any agreement, instrument or other document (including the Credit Documents and        any Organization Document) shall be construed as referring to such agreement,        instrument or other document as from time to time amended, modified, extended,        restated, replaced or supplemented from time to time (subject to any restrictions on such        amendments, supplements or modifications set forth herein or in any other Credit        Document), (ii) any reference herein to any Person shall be construed to include such        Person’s successors and assigns, (iii) the words “hereto”, “herein”, “hereof” and        “hereunder”, and words of similar import when used in any Credit Document, shall be        construed to refer to such Credit Document in its entirety and not to any particular        provision thereof, (iv) all references in a Credit Document to “Articles”, “Sections”,        “Exhibits” and “Schedules” shall be construed to refer to articles and sections of, and        exhibits and schedules to, the Credit Document in which such references appear, (v) any        reference to any law shall include all statutory and regulatory rules, regulations, orders        and provisions consolidating, amending replacing or interpreting such law and any        reference to any law or regulation shall, unless otherwise specified, refer to such law or        regulation as amended, modified, extended, restated, replaced or supplemented from time        to time, and (vi) the words “asset” and “property” shall be construed to have the same        meaning and effect and to refer to any and all assets and property of whatever kind, real        and personal, tangible and intangible, including cash, securities, accounts and contract        rights.               (b)   In the computation of periods of time from a specified date to a later        specified date, the word “from” means “from and including;” the words “to” and “until”        each mean “to but excluding;” and the word “through” means “to and including.”               (c)   Section headings herein and in the other Credit Documents are included        for convenience of reference only and shall not affect the interpretation of this Credit        Agreement or any other Credit Document.               (d)   In this Credit Agreement, where it relates to a Dutch Obligor, a reference        to:    NYDOCS02/1161559.5                   42  

 

                                                            EXECUTION COPY                     (i)   a winding-up, administration or dissolution includes a Dutch              Obligor being:                           (A)   declared bankrupt (failliet verklaard); or                           (B)   dissolved (ontbonden);                     (ii)  a moratorium or rearrangement includes surseance van betaling;                     (iii) insolvency includes a bankruptcy, a moratorium, the issue of a              notice under section 36(2) of the Dutch 1990 Tax Collection Act              (Invorderingswet 1990) and emergency regulations (noodregeling) under the              Dutch Financial Supervision Act (Wet op het Financieel Toezicht);                     (iv)  a trustee in bankruptcy includes a curator;                     (v)   an administrator includes a bewindvoerder;                     (vi)  “security” includes any mortgage (hypotheek), pledge (pandrecht),              retention of title arrangement (eigendomsvoorbehoud), right of retention (recht              van retentie), right to reclaim goods (recht van reclame), and, in general, any right              in rem (beperkt recht), created for the purpose of granting security              (goederenrechtelijk zekerheidsrecht);                     (vii) an attachment includes a beslag; and                     (viii) a subsidiary includes a dochtermaatschappij as defined in Article              2:24a of the Dutch Civil Code.               (e)   Any reference to “Bank of America Merrill Lynch International Limited”        is a reference to its successor in title Bank of America Merrill Lynch International        Designated Activity Company (including, without limitation, its branches) pursuant to        and with effect from the merger between Bank of America Merrill Lynch International        Limited and Bank of America Merrill Lynch International Designated Activity Company        that takes effect in accordance with Chapter II, Title II of Directive (EU) 2017/1132        (which repeals and codifies the Cross-Border Mergers Directive (2005/56/EC))  as        implemented in the United Kingdom and Ireland.  Notwithstanding anything to the        contrary in any Credit Document, a transfer of rights and obligations from Bank of        America Merrill Lynch International Limited to Bank of America Merrill Lynch        International Designated Activity Company pursuant to such merger shall be permitted.               (f)   Any reference herein to a merger, transfer, consolidation, amalgamation,        consolidation, assignment, sale, disposition or transfer, or similar term, shall be deemed        to apply to the division of a limited liability company into two or more limited liability        companies, or an allocation of assets to a series of a limited liability company (or the        unwinding of such a division or allocation), as if it were a merger, transfer, consolidation,        amalgamation, consolidation, assignment, sale, disposition or transfer, or similar term, as        applicable, to, of or with a separate Person.  Each limited liability company resulting    NYDOCS02/1161559.5                   43  

 

                                                            EXECUTION COPY         from the division of a limited liability company shall constitute a separate Person        hereunder (and each limited liability company resulting from the division of a limited        liability company that is a Subsidiary, joint venture or any other like term shall also        constitute such a Person or entity).         1.03  Accounting Terms and Provisions.               (a)   All accounting terms not specifically or completely defined herein shall be        construed in conformity with, and all financial data (including financial ratios and other        financial calculations) required to be submitted pursuant to this Credit Agreement shall        be prepared in conformity with, GAAP.  Notwithstanding the foregoing, for purposes of        determining compliance with any covenant (including the computation of any financial        covenant) contained herein, Indebtedness shall be deemed to be carried at 100% of the        outstanding principal amount thereof, and the effects of FASB ASC 825 (Financial        Instruments) and FASB ASC 470-20 (Debt) on financial liabilities shall be disregarded.               (b)   Notwithstanding any provision herein to the contrary, determinations of        compliance with the financial covenants shall be made on a Pro Forma Basis.               (c)   To the extent not otherwise described in the financial statements delivered        pursuant to Section 7.01(a) or (b) or the other materials and information provided        pursuant to Section 7.02, EWI will provide a written summary of material changes in        GAAP or in the consistent application thereof and material changes in accounting        policies or financial reporting practices with each annual and quarterly Compliance        Certificate delivered in accordance with Section 7.02(b).  If there is any change in GAAP        or in the consistent application thereof after the date hereof that would affect the        computation of any financial covenant, ratio or requirement set forth in any Credit        Document, and either EWI or the Required Lenders shall so request, regardless of        whether any such request is given before or after such change in GAAP or in the        application thereof, then the Administrative Agent, the Required Lenders and EWI agree        to endeavor, in good faith, to agree upon an amendment to this Credit Agreement that        would adjust such financial covenants, ratio or requirement in a manner that would        preserve the original intent thereof, but would allow compliance therewith to be        determined in accordance with the most recent financial statements delivered pursuant to        Section 7.01(a) or (b), provided that, until so amended such financial covenants, ratio or        requirement shall continue to be computed in accordance with GAAP prior to such        change therein.  Notwithstanding the forgoing, whenever in this Credit Agreement it is        necessary to determine whether a lease is a Capital Lease or an operating lease, such        determination shall be made on the basis of GAAP as in effect on the date hereof.               (d)   All references herein to consolidated financial statements of the        Consolidated Group or to the determination of any amount for the Consolidated Group on        a consolidated basis or any similar reference shall, in each case, be deemed to include        each variable interest entity that EWI is required to consolidate pursuant to FASB        Interpretation No. 46 – Consolidation of Variable Interest Entities:  an interpretation of        ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as        defined herein.    NYDOCS02/1161559.5                   44  

 

                                                            EXECUTION COPY               (e)   At any time after the Closing Date, EWI may elect to apply IFRS        accounting principles in lieu of GAAP and, upon any such election, references in the        Credit Documents to GAAP shall thereafter be construed to mean IFRS (except as        otherwise provided in this Credit Agreement); provided that (1) any such election, once        made, shall be irrevocable, (2) any calculation or determination in any Credit Document        that requires the application of GAAP for any period that includes any fiscal quarter(s)        ended prior to such election will be subject to the provisions of Section 1.03(c) above, (3)        EWI may not make such election unless all other members of the Consolidated Group        simultaneously make such election and (4) EWI will provide a reconciliation statement        identifying the changes based on application of IFRS.  EWI shall give the Administrative        Agent at least thirty (30) days prior written notice of any such election.         1.04  Rounding.  Any financial ratios required to be maintained pursuant to this Credit  Agreement shall be calculated by dividing the appropriate component by the other component,  carrying the result to one place more than the number of places by which such ratio is expressed  herein and rounding the result up or down to the nearest number (with a rounding-up if there is  no nearest number).         1.05  Exchange Rates; Currency Equivalents.               (a)   The Administrative Agent or the applicable L/C Issuer, as applicable, shall        determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar        Equivalent amounts of Credit Extensions and Outstanding Amounts denominated in        currencies other than Dollars.  Such Spot Rates shall become effective as of such        Revaluation Date and shall be the Spot Rates employed in converting any amounts        between the applicable currencies until the next Revaluation Date to occur.  Except for        purposes of financial statements delivered by Credit Parties hereunder, for determining        compliance with the affirmative and negative covenants hereof, for calculating financial        covenants hereunder or as otherwise provided herein, the applicable amount of any        currency (other than Dollars) for purposes of the Credit Documents shall be such Dollar        Equivalent amount as so determined by the Administrative Agent or the applicable L/C        Issuer, as applicable.               (b)   Wherever in this Credit Agreement in connection with a Borrowing,        conversion, continuation or prepayment of a Fixed LIBOR Rate Loan or the issuance,        amendment or extension of a Letter of Credit, an amount, such as a required minimum or        multiple amount, is expressed in Dollars, but such Borrowing, Fixed LIBOR Rate Loan        or Letter of Credit is denominated in currencies other than Dollars, such amount shall be        the relevant Alternative Currency Equivalent of such Dollar amount (rounded to the        nearest unit of such Alternative Currency, with 0.5 of a unit being rounded upward), as        determined by the Administrative Agent or the applicable L/C Issuer, as the case may be.         1.06  Additional Alternative Currencies.               (a)   EWI may from time to time request that Fixed LIBOR Rate Loans or        Swingline Loans be made and/or Letters of Credit be issued in a currency other than        those specifically listed in the definition of “Alternative Currency;” provided that such    NYDOCS02/1161559.5                   45  

 

                                                            EXECUTION COPY         requested currency is a lawful currency (other than Dollars) that is readily available and        freely transferable and convertible into Dollars.  In the case of any such request with        respect to the making of Fixed LIBOR Rate Loans, such request shall be subject to the        approval of the Administrative Agent and the Primary Currency Lenders or Secondary        Currency Lenders, as applicable; and in the case of any such request with respect to the        issuance of Letters of Credit, such request shall be subject to the approval of the        Administrative Agent and the applicable L/C Issuer, and with respect to Swingline Loans,        such request shall be subject to the approval of the Administrative Agent and the        applicable Swingline Lender, in each such case in their discretion.               (b)   Any such request shall be made to the Administrative Agent not later than        11:00 a.m., ten Business Days prior to the date of the desired Credit Extension (or such        other time or date as may be agreed by the Administrative Agent and, in the case of any        such request pertaining to Letters of Credit or Swingline Loans, the applicable L/C Issuer        or Swingline Lender, in any such case, in its or their sole discretion).  In the case of any        such request pertaining to Fixed LIBOR Rate Loans, the Administrative Agent shall        promptly notify each Lender thereof; and in the case of any such request pertaining to        Letters of Credit or Swingline Loans, the Administrative Agent shall promptly notify the        applicable L/C Issuer or Swingline Lender, respectively, thereof.  Each Lender (in the        case of any such request pertaining to Fixed LIBOR Rate Loans) or the applicable L/C        Issuer (in the case of a request pertaining to Letters of Credit) or Swingline Lender (in the        case of a request pertaining to Swingline Loans) shall notify the Administrative Agent,        not later than 11:00 a.m., five Business Days after receipt of such request whether it        consents, in its sole discretion, to the making of Fixed LIBOR Rate Loans, the issuance        of Letters of Credit or Swingline Loans, as the case may be, in such requested currency.               (c)   Any failure by a Lender, the applicable L/C Issuer or the applicable        Swingline Lender, as the case may be, to respond to such request within the time period        specified in the preceding sentence shall be deemed to be a refusal by such Lender, the        applicable L/C Issuer or the applicable Swingline Lender, as the case may be, to permit        Fixed LIBOR Rate Loans to be made, Letters of Credit to be issued or Swingline Loans        to be made in such requested currency.  If the Administrative Agent and all the Lenders        consent to making Fixed LIBOR Rate Loans in such requested currency, the        Administrative Agent shall so notify EWI and such currency shall thereupon be deemed        for all purposes to be an Alternative Currency hereunder for purposes of any Borrowings        of Fixed LIBOR Rate Loans; if the Administrative Agent and the applicable L/C Issuer        consent to the issuance of Letters of Credit in such requested currency, the        Administrative Agent shall so notify EWI and such currency shall thereupon be deemed        for all purposes to be an Alternative Currency hereunder for purposes of any Letter of        Credit issuances, and if the Administrative Agent and the applicable Swingline Lender        shall consent to making Swingline Loans in the requested currency, the Administrative        Agent shall notify EWI and such currency shall thereupon be deemed for all purposes to        be an Alternative Currency for any such Swingline Loan Borrowings.  If the        Administrative Agent shall fail to obtain consent to any request for an additional currency        under this Section 1.06, the Administrative Agent shall promptly so notify EWI.         1.07  Change of Currency.    NYDOCS02/1161559.5                   46  

 

                                                            EXECUTION COPY               (a)   Each obligation of the Borrowers to make a payment denominated in the        national currency unit of any member state of the European Union that adopts the Euro as        its lawful currency after the date hereof shall be redenominated into Euro at the time of        such adoption (in accordance with the EMU Legislation).  If, in relation to the currency        of any such member state, the basis of accrual of interest expressed in this Credit        Agreement in respect of that currency shall be inconsistent with any convention or        practice in the London interbank market for the basis of accrual of interest in respect of        the Euro, such expressed basis shall be replaced by such convention or practice with        effect from the date on which such member state adopts the Euro as its lawful currency;        provided that if any Borrowing in the currency of such member state is outstanding        immediately prior to such date, such replacement shall take effect, with respect to such        Borrowing, at the end of the then current Interest Period.               (b)   Each provision of this Credit Agreement shall be subject to such        reasonable changes of construction as the Administrative Agent may from time to time        specify to be appropriate to reflect the adoption of the Euro by any member state of the        European Union and any relevant market conventions or practices relating to the Euro.               (c)   Each provision of this Credit Agreement also shall be subject to such        reasonable changes of construction as the Administrative Agent may from time to time        specify to be appropriate to reflect a change in currency of any other country and any        relevant market conventions or practices relating to the change in currency.         1.08  Times of Day.  Unless otherwise specified, all references herein to times of day  shall be references to Central time (daylight savings or standard, as applicable).         1.09  Letter of Credit Amounts.  Unless otherwise specified herein (including, without  limitation, as otherwise specified in Sections 1.05(a) and (b)), the amount of a Letter of Credit at  any time shall be deemed to be the Dollar Equivalent of the stated amount of such Letter of  Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by  its terms or the terms of any Issuer Document related thereto, provides for one or more automatic  increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be  the Dollar Equivalent of the maximum stated amount of such Letter of Credit after giving effect  to all such increases, whether or not such maximum stated amount is in effect at such time.         1.10  Limitation on Obligations of Foreign Credit Parties.  Notwithstanding anything  set forth in this Credit Agreement or any other Credit Document to the contrary, no Foreign  Credit Party and/or Foreign Subsidiary shall at any time be liable, directly or indirectly, for any  portion of the Obligations of any Domestic Credit Party, including, without limitation, the  principal of any Revolving Loan Obligations of the Domestic Borrowers or any interest thereon  or fees payable with respect thereto (and the Domestic Credit Parties are solely liable for such  Obligations), and no Property of any Foreign Credit Party and/or Foreign Subsidiary shall at any  time serve, directly or indirectly, as any type of collateral or security for any portion of the  Obligations of any Domestic Credit Party.    NYDOCS02/1161559.5                   47  

 

                                                            EXECUTION COPY                                    ARTICLE II                    COMMITMENTS AND CREDIT EXTENSIONS         2.01  Commitments               (a)   USD Revolving Commitments.  During the Commitment Period,                     (i)   USD Revolving Loans.  The USD Lenders severally agree to make              revolving credit loans (the “USD Revolving Loans”) to the applicable Borrowers              in Dollars, from time to time, on any Business Day, in an aggregate principal              amount of up to ONE BILLION DOLLARS ($1,000,000,000) (as such amount              may be increased or decreased in accordance with the provisions hereof, the              “Aggregate USD Revolving Committed Amount”);                     (ii)  Letters of Credit.  (A) The L/C Issuer, in reliance upon the              commitments of the USD Lenders set forth herein, agrees (I) to issue Letters of              Credit denominated in Dollars and in Alternative Currencies for the account of the              applicable Borrowers and other members of the Consolidated Group on any              Business Day, (II) to amend or extend Letters of Credit previously issued              hereunder, and (III) to honor drawings under Letters of Credit; and (B) the USD              Lenders severally agree to purchase from the L/C Issuer a participation interest in              the Existing Letters of Credit and Letters of Credit issued hereunder in an amount              equal to such Lender’s Revolving Commitment Percentage thereof, in an              aggregate principal amount up to TWO HUNDRED MILLION DOLLARS              ($200,000,000) (as such amount may be decreased in accordance with the              provisions hereof, the “L/C Sublimit”), provided that (i) the Outstanding Amount              of L/C Obligations shall not exceed the L/C Sublimit, and (ii) for any L/C Issuer,              the Outstanding Amount of L/C Obligations shall not exceed the amount of such              L/C Issuer’s L/C Commitment;                     (iii) USD Swingline Loans.  Unless (i) any USD Lender is a Defaulting              Lender and (ii) the applicable USD Swingline Lender has not entered into              arrangements satisfactory to it with the applicable Borrowers or such Defaulting              Lender to eliminate such USD Swingline Lender’s exposure with respect thereto,              the USD Swingline Lenders severally agree to make revolving credit loans (the              “USD Swingline Loans”) to the applicable Borrowers in Dollars on any Business              Day in an aggregate principal amount of up to FIFTY MILLION DOLLARS              ($50,000,000) (as such amount may be decreased in accordance with the              provisions hereof, the “USD Swingline Sublimit”), provided that the Outstanding              Amount of USD Swingline Loans shall not exceed the USD Swingline Sublimit;   and, provided further that, in each case, (A) the aggregate Outstanding Amount of USD  Revolving Loan Obligations shall not exceed the Aggregate USD Revolving Committed  Amount, (B) the aggregate Outstanding Amount of Master Revolving Loan Obligations shall not  exceed the Aggregate Master Revolving Committed Amount, (C) with regard to each USD  Lender individually, (i) such Lender’s USD Revolving Commitment Percentage of USD  Revolving Loan Obligations shall not exceed its respective USD Revolving Committed Amount,    NYDOCS02/1161559.5                   48  

 

                                                            EXECUTION COPY   and (ii) such Lender’s USD Revolving Commitment Percentage of USD Revolving Loan  Obligations plus its Primary Currency Revolving Commitment Percentage of Primary Currency  Revolving Loan Obligations plus its Secondary Currency Revolving Commitment Percentage of  its Secondary Currency Revolving Loan Obligations shall not exceed its respective Master  Revolving Committed Amount, (D) with regard to each USD Swingline Lender individually,  such Lender’s USD Revolving Commitment Percentage of USD Revolving Loan Obligations  plus its Primary Currency Revolving Commitment Percentage of Primary Currency Revolving  Loan Obligations plus its Secondary Currency Revolving Commitment Percentage of its  Secondary Currency Revolving Loan Obligations plus the outstanding principal amount of all  USD Swingline Loans made by such Lender plus the outstanding principal amount of all Primary  Currency Swingline Loans, if any, made by such Lender shall not exceed its respective Master  Revolving Committed Amount, and (E) for any particular Borrower, the aggregate Outstanding  Amount of all USD Revolving Loan Obligations to or for such Borrower will not exceed its  respective Designated Borrower Limit.                     (iv)  Additional Provisions Relating to USD Revolving Loans.  USD              Revolving Loans may consist of Base Rate Loans, Floating LIBOR Rate Loans              and Fixed LIBOR Rate Loans, or a combination thereof, as the applicable              Borrowers may request, and may be repaid and reborrowed in accordance with              the provisions hereof.                     (v)   Additional Provisions Relating to Letters of Credit.  Subject to the              terms and conditions hereof, each applicable Borrower’s ability to obtain Letters              of Credit shall be fully revolving, and accordingly each such applicable Borrower              may obtain Letters of Credit to replace Letters of Credit that have expired or that              have been drawn upon and reimbursed.  Existing Letters of Credit shall be              deemed to have been issued hereunder and shall be subject to and governed by the              terms and conditions hereof.                     (vi)  Additional Provisions Relating to USD Swingline Loans.  USD              Swingline Loans shall be comprised solely of Base Rate Loans  and may be              repaid and reborrowed in accordance with the provisions hereof.  Immediately              upon the making of a USD Swingline Loan, each USD Lender shall be deemed to,              and hereby irrevocably and unconditionally agrees to, purchase from the              applicable USD Swingline Lender a participation interest in such USD Swingline              Loan in an amount equal to the product of such Lender’s USD Revolving              Commitment Percentage thereof.               (b)   Primary Currency Revolving Commitments.  During the Commitment        Period,                     (i)   Primary Currency Revolving Loans.  The Primary Currency              Lenders severally agree to make revolving credit loans (the “Primary Currency              Revolving Loans”) to the applicable Borrowers in Alternative Currencies, from              time to time, on any Business Day, in an aggregate principal amount of up to              NINE HUNDRED TWENTY-FIVE MILLION DOLLARS ($925,000,000) (as    NYDOCS02/1161559.5                   49  

 

                                                            EXECUTION COPY               such amount may be increased or decreased in accordance with the provisions              hereof, the “Aggregate Primary Currency Revolving Committed Amount”);                     (ii)  Primary Currency Swingline Loans.  Unless (i) any Primary              Currency Lender is a Defaulting Lender and (ii) the applicable Primary Currency              Swingline Lender has not entered into arrangements satisfactory to it with the              applicable Borrowers or such Defaulting Lender to eliminate such Swingline              Lender’s exposure with respect thereto, the Primary Currency Swingline Lenders              severally agree to make revolving credit loans (the “Primary Currency Swingline              Loans”) to the applicable Borrowers in Alternative Currencies, on any Business              Day in an aggregate principal amount of up to NINETY MILLION DOLLARS              ($90,000,000) (as such amount may be decreased in accordance with the              provisions hereof, the “Primary Currency Swingline Sublimit”), provided that the              Outstanding Amount of Primary Currency Swingline Loans shall not exceed the              Primary Currency Swingline Sublimit;   and, provided further that, in each case, (A) the aggregate Outstanding Amount of Primary  Currency Revolving Loan Obligations shall not exceed the Aggregate Primary Currency  Revolving Committed Amount, (B) the aggregate Outstanding Amount of Master Revolving  Loan Obligations shall not exceed the Aggregate Master Revolving Committed Amount, (C)  with regard to each Primary Currency Lender individually, such Lender’s Primary Currency  Revolving Commitment Percentage of Primary Currency Revolving Loan Obligations shall not  exceed its respective Primary Currency Revolving Committed Amount, (D) with regard to each  Primary Currency Swingline Lender individually, such Lender’s USD Revolving Commitment  Percentage of USD Revolving Loan Obligations plus its Primary Currency Revolving  Commitment Percentage of Primary Currency Revolving Loan Obligations plus its Secondary  Currency Revolving Commitment Percentage of its Secondary Currency Revolving Loan  Obligations plus the outstanding principal amount of all USD Swingline Loans, if any, made by  such Lender plus the outstanding principal amount of all Primary Currency Swingline Loans  made by such Lender shall not exceed its respective Master Revolving Committed Amount and  (E) for any particular Borrower, (1) Credit Extensions will be limited to those currencies  specified for such Borrower in Schedule 2.14(b) or the relevant Designated Borrower Request  and Assumption Agreement and (2) the aggregate Outstanding Amount of all Primary Currency  Revolving Loan Obligations to or for such Borrower will not exceed its respective Designated  Borrower Limit.                     (iii) Additional Provisions Relating to Primary Currency Revolving              Loans.  Primary Currency Revolving Loans shall consist of Fixed LIBOR Rate              Loans, as the applicable Borrowers may request, and may be repaid and              reborrowed in accordance with the provisions hereof.                     (iv)  Additional Provisions Relating to Primary Currency Swingline              Loans.  Primary Currency Swingline Loans shall be comprised solely of              Overnight Rate Loans and may be repaid and reborrowed in accordance with the              provisions hereof.  Immediately upon the making of a Primary Currency              Swingline Loan, each Primary Currency Lender shall be deemed to, and hereby              irrevocably and unconditionally agrees to, purchase from the applicable Primary    NYDOCS02/1161559.5                   50  

 

                                                            EXECUTION COPY               Currency Swingline Lender a participation interest in such Primary Currency              Swingline Loan in an amount equal to the product of such Lender’s Primary              Currency Revolving Commitment Percentage thereof.               (c)   Secondary Currency Revolving Commitments.  During the Commitment        Period,                     (i)   Secondary Currency Revolving Loans.  The Secondary Currency              Lenders severally agree to make revolving credit loans (the “Secondary Currency              Revolving Loans”) to the applicable Borrowers in Alternative Currencies, from              time to time, on any Business Day, in an aggregate principal amount of up to              FOUR HUNDRED EIGHTY-FIVE MILLION DOLLARS ($485,000,000) (as              such amount may be increased or decreased in accordance with the provisions              hereof, the “Aggregate Secondary Currency Revolving Committed Amount”);   and, provided further that, in each case, (A) the aggregate Outstanding Amount of Secondary  Currency Revolving Loan Obligations shall not exceed the Aggregate Secondary Currency  Revolving Committed Amount, (B) the aggregate Outstanding Amount of Master Revolving  Loan Obligations shall not exceed the Aggregate Master Revolving Committed Amount, (C)  with regard to each Secondary Currency Lender individually, (i) such Lender’s Secondary  Currency Revolving Commitment Percentage of Secondary Currency Revolving Loan  Obligations shall not exceed its respective Secondary Currency Revolving Committed Amount,  and (ii) such Lender’s USD Revolving Commitment Percentage of USD Revolving Loan  Obligations plus its Primary Currency Revolving Commitment Percentage of Primary Currency  Revolving Loan Obligations plus its Secondary Currency Revolving Commitment Percentage of  its Secondary Currency Revolving Loan Obligations shall not exceed its respective Master  Revolving Committed Amount and (D) for any particular Borrower, (1) Credit Extensions will  be limited to those currencies specified for such Borrower in Schedule 2.14(b) or the relevant  Designated Borrower Request and Assumption Agreement and (2) the aggregate Outstanding  Amount of all Secondary Currency Revolving Loan Obligations to or for such Borrower will not  exceed its respective Designated Borrower Limit.                     (ii)  Additional Provisions Relating to Secondary Currency Revolving              Loans.  Secondary Currency Revolving Loans shall consist of Fixed LIBOR Rate              Loans, as the applicable Borrowers may request, and may be repaid and              reborrowed in accordance with the provisions hereof.               (d)   Incremental Credit Facilities.  At any time on or after the Closing Date,        EWI may, on written notice to the Administrative Agent, establish additional credit        facilities (collectively, the “Incremental Credit Facilities”) by increasing the USD        Revolving Commitments, Primary Currency Revolving Commitments or Secondary        Currency Revolving Commitments or establishing one or more new revolving loans, or        some combination thereof; provided that:                     (i)   the aggregate amount of loans and commitments for all              Incremental Loan Facilities established after the Closing Date hereunder shall not              exceed Three Hundred Fifty Million Dollars ($350,000,000);    NYDOCS02/1161559.5                   51  

 

                                                            EXECUTION COPY                     (ii)  (A) no Default shall exist immediately before or immediately after              giving effect thereto, (B) the Credit Parties shall be in compliance with the              financial covenants under Section 8.09 after giving effect thereto on a Pro Forma              Basis (assuming for purposes hereof that the entire amount of the Incremental              Loan Facility is fully drawn and funded), (C) the representations and warranties              of each Credit Party contained in Article VI shall be true and correct in all              material respects (other than any representation or warranty qualified by              materiality or Material Adverse Effect, which shall be true and correct in all              respects as so qualified) on and as of the date of such Credit Extension, except to              the extent that such representations and warranties specifically refer to an earlier              date, in which case they shall be true and correct in all material respects (other              than any representation or warranty qualified by materiality or Material Adverse              Effect, which shall be true and correct in all respects as so qualified) as of such              earlier date, and except that for purposes of this Section 2.01(d), the              representations and warranties contained in subsections (a) and (b) of Section 6.05              shall be deemed to refer to the most recent statements furnished pursuant to              clauses (a) and (b), respectively, of Section 7.01, and (D) the Credit Parties shall              demonstrate compliance with the sizing condition for the Incremental Loan              Facility in clause (i) hereinabove;                     (iii) EWI will provide (A) a compliance certificate from a Responsible              Officer confirming that no Default shall exist immediately before or immediately              after giving effect to the establishment of the Incremental Credit Facility and              demonstrating compliance with the financial covenants hereunder after giving              effect to the Incremental Credit Facility (assuming, for purposes hereof, that the              Incremental Credit Facility is fully drawn and funded), and (b) supporting              resolutions, legal opinions, promissory notes and other items as may be              reasonably required by the Administrative Agent and the Lenders providing the              commitments for the Incremental Credit Facility;                     (iv)  lenders providing loans and commitments for such Incremental              Loan Facility will provide a Lender Joinder Agreement and such other              agreements reasonably acceptable to the Administrative Agent; and                     (v)   upfront and/or arrangement fees, if any, in respect of the new              commitments or loans so established, shall be paid.         In connection with establishment of any Incremental Credit Facility, (A) none of the  Lenders or their affiliates shall have any obligation to provide commitments or loans for any  Incremental Credit Facility without their prior written approval, (B) neither the Administrative  Agent nor any Arranger shall have any responsibility for arranging any such additional  commitments without their prior written consent and subject to such conditions, including fee  arrangements, as they may provide in connection therewith and (C) Schedule 2.01 will be  deemed to be revised to reflect the Lenders, Loans, Commitments and pro rata shares after  giving effect to establishment of any Incremental Credit Facility.    NYDOCS02/1161559.5                   52  

 

                                                            EXECUTION COPY               (e)   Additional Conditions for Incremental Credit Facilities.  Subject to        Section 2.01(d), the Borrowers may establish Incremental Credit Facilities; provided that:                     (i)   any such increase shall be in a minimum amount of $5 million and              integral multiples of $1 million in excess thereof;                     (ii)  any new lender providing additional commitments pursuant to this              subsection must be reasonably acceptable to the Administrative Agent and, in the              case of an increase in the Revolving Commitments, also to the L/C Issuers and the              Swingline Lenders, as appropriate; and                     (iii) if any Revolving Loans are outstanding at the time of any such              increase, the Borrowers will make such payments and adjustments on the subject              Loans (including payment of any break-funding amounts owing under Section              3.05) as may be necessary to give effect to the revised commitment amounts and              percentages.         2.02  Borrowings, Conversions and Continuations.               (a)   Each Borrowing, each conversion of Loans from one Type to the other,        and each continuation of Fixed LIBOR Rate Loans shall be made upon a Borrower’s        irrevocable notice to the Administrative Agent, which shall be submitted (x) as a Loan        Notice appropriately completed and signed by a Responsible Officer of EWI or the        applicable Borrower, (y) by electronic mail from the electronic mail address of a        Responsible Officer of EWI designated in a certificate delivered to the Administrative        Agent by EWI as being an authorized address and authorized Person to submit such        notices, which electronic mail message is promptly (and in any event, within twenty-four        hours) confirmed in a Loan Notice appropriately completed and signed by a Responsible        Officer of EWI, or (z) by telephone promptly confirmed by delivery of a Loan Notice as        provided in clause (b) hereof.  Each such notice must be received by the Administrative        Agent not later than                     (i)   USD Revolving Loans.  (A) 1:00 p.m. on the day of the requested              Borrowing, in the case of a Borrowing of, or conversion into, USD Revolving              Loans in Dollars that are Base Rate Loans or Floating LIBOR Rate Loans; and              (B) 11:00 a.m. three Business Days prior to the requested date of a Borrowing of,              or conversion into, USD Revolving Loans in Dollars that are Fixed LIBOR Rate              Loans.                     (ii)  Primary Currency Revolving Loans.  (A) 11:00 a.m. four Business              Days prior to the requested date of a Borrowing of, or conversion into, Primary              Currency Revolving Loans in currencies other than Special Notice Currencies,              and (B) 11:00 a.m. five Business Days prior to the requested date of a Borrowing              of, or conversion into, Primary Currency Revolving Loans in Special Notice              Currencies.                     (iii) Secondary Currency Revolving Loans.  (A) 11:00 a.m. four              Business Days prior to the requested date of a Borrowing of, or conversion into,    NYDOCS02/1161559.5                   53  

 

                                                            EXECUTION COPY               Secondary Currency Revolving Loans in currencies other than Special Notice              Currencies, and (B) 11:00 a.m. five Business Days prior to the requested date of a              Borrowing of, or conversion into, Secondary Currency Revolving Loans in              Special Notice Currencies.               (b)   Each telephonic notice by a Borrower pursuant to this Section 2.02(b)        must be confirmed promptly by delivery to the Administrative Agent of a Loan Notice,        appropriately completed and signed by a Responsible Officer of such Borrower.  Except        as provided in Sections 2.03(c) and 2.04(a), each Borrowing, conversion or continuation        shall be a minimum principal amount of:                     (i)   USD Revolving Loans.  (A) $500,000 in the case of USD              Revolving Loans that are Base Rate Loans or Floating LIBOR Rate Loans, and              (B) $2 million in the case of USD Revolving Loans that are Fixed LIBOR Rate              Loans.                     (ii)  Primary Currency Revolving Loans.  $1 million in the case of              Primary Currency Revolving Loans.                     (iii) Secondary Currency Revolving Loans.  $1 million in the case of              Secondary Currency Revolving Loans.         Each Loan Notice (whether telephonic or written) shall specify (i) the Type of Loans that  is the subject of the applicable Borrower’s request, (ii) whether such request is for a Borrowing,  conversion, or continuation, (iii) the requested date of such Borrowing, conversion or  continuation (which shall be a Business Day), (iv) the principal amount of Loans to be borrowed,  converted or continued, (v) the Type of Loans to be borrowed, converted or continued, (vi) if  applicable, the duration of the Interest Period with respect thereto and (vii) the currency of the  Loans to be borrowed.  If a Borrower fails to specify a currency in a Loan Notice requesting a  Borrowing, then the Loans so requested shall be made in Dollars.  If a Borrower fails to specify a  Type of Loan in a Loan Notice or if a Borrower fails to give a timely notice requesting a  conversion or continuation, then the applicable Loans shall be made as, or converted to, Base  Rate Loans; provided, however, that in the case of a failure to timely request a continuation of  Loans denominated in currencies other than Dollars, such Loans shall be continued as Fixed  LIBOR Rate Loans in their original currency with an Interest Period of one month.  Any  automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest  Period then in effect with respect to the applicable Fixed LIBOR Rate Loans.  If a Borrower  requests a Borrowing of, conversion to, or continuation of Fixed LIBOR Rate Loans in any Loan  Notice, but fails to specify an Interest Period, the Interest Period will be deemed to be one  month.  No Loan may be converted into or continued as a Loan denominated in a different  currency, but instead must be prepaid in the original currency of such Loan and reborrowed in  the other currency.               (c)   Following receipt of a Loan Notice, the Administrative Agent shall        promptly notify each Lender of the amount (and currency) of its pro rata share of the        applicable Loans, and if no timely notice of a conversion or continuation is provided by a        Borrower, the Administrative Agent shall notify each Lender of the details of any    NYDOCS02/1161559.5                   54  

 

                                                            EXECUTION COPY         automatic conversion to Base Rate Loans or continuation of Loans denominated in a        currency other than Dollars, in each case as described in the preceding subsection.  In the        case of a Borrowing, each Lender shall make the amount of its Loan available to the        Administrative Agent in Same Day Funds at the Administrative Agent’s Office for the        applicable currency not later than 1:00 p.m. (or 2 hours after delivery of the Loan Notice        by the Borrower as provided above, if later), in the case of any Loan denominated in        Dollars, and not later than the Applicable Time specified by the Administrative Agent in        the case of any Loan in currencies other than Dollars, in each case on the Business Day        specified in the applicable Loan Notice.  Upon satisfaction of the applicable conditions        set forth in Section 5.02 (and, if such Borrowing is the initial Credit Extension, Section        5.01), the Administrative Agent shall make all funds so received available to the        applicable Borrower in like funds as received by the Administrative Agent by crediting        the account of the applicable Borrower on the books of Bank of America with the amount        of such funds; provided, however, that if, on the date of such Borrowing denominated in        Dollars there are L/C Borrowings outstanding, then the proceeds of such Borrowing, first,        shall be applied to the payment in full of any such L/C Borrowings, and second, shall be        made available to such Borrower as provided above.               (d)   Except as otherwise provided herein, without the consent of the Required        Lenders for the respective class of Revolving Loan Obligations, (i) a Fixed LIBOR Rate        Loan may be continued or converted only on the last day of an Interest Period for such        Fixed LIBOR Rate Loan and (ii) any conversion into, or continuation as, a Fixed LIBOR        Rate Loan may be made only if the conditions to Credit Extensions in Section 5.02 have        been satisfied.  During the existence of a Default, (i) no Loan may be requested as,        converted to or continued as a Fixed LIBOR Rate Loan (whether in Dollars or any other        currency) and (ii) at the request of the Required Lenders, any outstanding USD        Revolving Loan that is a Fixed LIBOR Rate Loan shall be converted to a Base Rate Loan        on the last day of the Interest Period with respect thereto.               (e)   The Administrative Agent shall promptly notify the Borrowers and the        Lenders of the interest rate applicable to any Interest Period for Fixed LIBOR Rate Loans        upon determination of such interest rate.  The determination of the Fixed LIBOR Rate by        the Administrative Agent shall be conclusive in the absence of manifest error.  At any        time that Base Rate Loans or Floating LIBOR Rate Loans are outstanding, the        Administrative Agent shall notify the Borrowers and the Lenders of any change in Bank        of America’s prime rate used in determining the Base Rate promptly following the public        announcement of such change, in the case of Base Rate Loans, and of the Floating        LIBOR Rate established at the beginning of each month and any changes made to such        rate during the month promptly on establishment or change, as appropriate.               (f)   After giving effect to all Borrowings, all conversions of Revolving Loans        from one Type to the other, and all continuations of Revolving Loans as the same Type,        at any time there shall not be more than (i) ten Interest Periods in effect, in the case of        USD Revolving Loans, (ii) five Interest Periods in effect, in the case of Primary Currency        Revolving Loans, and (iii) five Interest Periods in effect, in the case of Secondary        Currency Revolving Loans.    NYDOCS02/1161559.5                   55  

 

                                                            EXECUTION COPY               (g)   Designation of a Different Lending Office.  Each Lender may make any        Credit Extension to the applicable Borrower through any Lending Office, provided that        the exercise of this option shall not affect the obligation of such Borrower to repay the        Credit Extension in accordance with the terms of this Credit Agreement.         2.03  Additional Provisions with respect to Letters of Credit.               (a)   Obligation to Issue or Amend.                     (i)   The L/C Issuers shall not issue any Letter of Credit if:                           (A)   subject to Section 2.03(b)(iii), the expiry date of such                    requested Letter of Credit would occur more than fifteen months after the                    date of issuance or last extension, unless the Required Lenders for the                    respective facility hereunder have approved such expiry date; or                           (B)   the expiry date of such requested Letter of Credit would                    occur after the L/C Expiration Date, unless all the respective Lenders have                    approved such expiry date;                     (ii)  The L/C Issuers shall not be under any obligation to issue any              Letter of Credit if:                           (A)   any order, judgment or decree of any Governmental                    Authority or arbitrator shall by its terms purport to enjoin or restrain the                    applicable L/C Issuer from issuing such Letter of Credit, or any Law                    applicable to applicable L/C Issuer or any request or directive (whether or                    not having the force of law) from any Governmental Authority with                    jurisdiction over the applicable L/C Issuer shall prohibit, or request that                    the applicable L/C Issuer refrain from, the issuance of letters of credit                    generally or such Letter of Credit in particular or shall impose upon the                    applicable L/C Issuer with respect to such Letter of Credit any restriction,                    reserve or capital requirement (for which the applicable L/C Issuer is not                    otherwise compensated hereunder) not in effect on the Closing Date, or                    shall impose upon the applicable L/C Issuer any unreimbursed loss, cost or                    expense that was not applicable on the Closing Date and that the                    applicable L/C Issuer in good faith deems material to it;                           (B)   the issuance of such Letter of Credit would violate any Law                    or one or more policies of the applicable L/C Issuer applicable to letters of                    credit generally;                           (C)   except as otherwise agreed by the Administrative Agent,                    such Letter of Credit is to be denominated in a currency other than Dollars                    or Alternative Currencies, in the case of Letters of Credit issued under the                    USD Revolving Commitments;    NYDOCS02/1161559.5                   56  

 

                                                            EXECUTION COPY                           (D)   the applicable L/C Issuer does not as of the issuance date of                    such requested Letter of Credit issue Letters of Credit in the requested                    currency; or                           (E)   any Lender is at such time a Defaulting Lender, unless                    Adequate Assurance shall have been provided, including arrangements to                    eliminate an L/C Issuer’s actual or potential Fronting Exposure (after                    giving effect to Section 2.17(a)(viii)) with respect to the Defaulting                    Lender arising from either the Letter of Credit then proposed to be issued                    or that Letter of Credit and all other L/C Obligations as to which the                    applicable L/C Issuer has actual or potential Fronting Exposure, as it may                    elect in its sole discretion.                     (iii) The L/C Issuers shall not amend any Letter of Credit if the              applicable L/C Issuer would not be permitted at such time to issue such Letter of              Credit in its amended form under the terms hereof.                     (iv)  The L/C Issuers shall not be under any obligation to amend any              Letter of Credit if:                           (A)   the applicable L/C Issuer would have no obligation at such                    time to issue such Letter of Credit in its amended form under the terms                    hereof; or                           (B)   the beneficiary of such Letter of Credit does not accept the                    proposed amendment to such Letter of Credit.                     (v)   The L/C Issuers shall act on behalf of the Lenders with respect to              any Letters of Credit issued by them and the documents associated therewith, and              the L/C Issuers shall have all of the benefits and immunities (A) provided to the              Administrative Agent in Article X with respect to any acts taken or omissions              suffered by the L/C Issuers in connection with Letters of Credit issued by them or              proposed to be issued by them and Issuer Documents pertaining to such Letters of              Credit as fully as if the term “Administrative Agent” as used in Article X included              the L/C Issuers with respect to such acts or omissions, and (B) as additionally              provided herein with respect to the L/C Issuers.               (b)   Procedures for Issuance and Amendment; Auto-Extension Letters of        Credit.                     (i)   Each Letter of Credit shall be issued or amended, as the case may              be, upon the request of the applicable Borrower delivered to the applicable L/C              Issuer (with a copy to the Administrative Agent) in the form of a L/C Application,              appropriately completed and signed by a Responsible Officer.  Such L/C              Application must be received by the applicable L/C Issuer and the Administrative              Agent not later than (A) 11:00 a.m. at least two Business Days prior to the              proposed date of the issuance, extension or amendment, in the case of Letters of              Credit denominated in Dollars, and (B) 11:00 a.m. at least ten Business Days prior    NYDOCS02/1161559.5                   57  

 

                                                            EXECUTION COPY               to the proposed date of the issuance, extension or amendment, in the case of              Letters of Credit denominated in currencies other than Dollars (or, in each case,              such later date and time as the applicable L/C Issuer and the Administrative Agent              may agree in a particular instance in their sole discretion).  In the case of a request              for an initial issuance of a Letter of Credit, such L/C Application shall specify in              form and detail satisfactory to the applicable L/C Issuer:  (A) the proposed              issuance date of the requested Letter of Credit (which shall be a Business Day);              (B) the amount and currency thereof; (C) the expiry date thereof; (D) the name              and address of the beneficiary thereof; (E) the documents to be presented by such              beneficiary in case of any drawing thereunder; (F) the full text of any certificate to              be presented by such beneficiary in case of any drawing thereunder; (G) the              purpose and nature of the requested Letter of Credit and (H) such other matters as              the applicable L/C Issuer may require.  In the case of a request for an amendment              of any outstanding Letter of Credit, such L/C Application shall specify in form              and detail satisfactory to the applicable L/C Issuer (A) the Letter of Credit to be              amended; (B) the proposed date of amendment thereof (which shall be a Business              Day); (C) the nature of the proposed amendment; and (D) such other matters as              the applicable L/C Issuer may require.  Additionally, such Borrower shall furnish              to the applicable L/C Issuer and the Administrative Agent such other documents              and information pertaining to such requested Letter of Credit issuance or              amendment, including any Issuer Documents, as the applicable L/C Issuer or the              Administrative Agent may require.                     (ii)  Promptly after receipt of any L/C Application, the applicable L/C              Issuer will confirm with the Administrative Agent (by telephone or in writing)              that the Administrative Agent has received a copy of such L/C Application from              the applicable Borrower and, if not, the applicable L/C Issuer will provide the              Administrative Agent with a copy thereof.  Unless the applicable L/C Issuer has              received written notice from the Administrative Agent, any Lender or any Credit              Party, at least one Business Day prior to the requested date of issuance or              amendment of the applicable Letter of Credit, that one or more applicable              conditions contained in Article V shall not then be satisfied, then, subject to the              terms and conditions hereof, the applicable L/C Issuer shall, on the requested              date, issue a Letter of Credit for the account of the applicable Borrower (or              Subsidiary) or enter into the applicable amendment, as the case may be, in each              case in accordance with the applicable L/C Issuer’s usual and customary business              practices.  Immediately upon the issuance of each Letter of Credit, each Lender              shall be deemed to, and hereby irrevocably and unconditionally agrees to,              purchase from the applicable L/C Issuer a risk participation in such Letter of              Credit in an amount equal to such Lender’s Revolving Commitment Percentage              thereof.                     (iii) If a Borrower so requests in any applicable L/C Application, the              applicable L/C Issuer may, in its sole and absolute discretion, agree to issue a              Letter of Credit that has automatic extension provisions (each, an              “Auto-Extension Letter of Credit”); provided that any such Auto-Extension Letter              of Credit must permit the applicable L/C Issuer to prevent any such extension at    NYDOCS02/1161559.5                   58  

 

                                                            EXECUTION COPY               least once in each twelve-month period (commencing with the date of issuance of              such Letter of Credit) by giving prior notice to the beneficiary thereof not later              than a day (the “Non-Extension Notice Date”) in each such twelve-month period              to be agreed upon at the time such Letter of Credit is issued.  Unless otherwise              directed by the applicable L/C Issuer, such Borrower shall not be required to              make a specific request to such L/C Issuer for any such extension.  Once an              Auto-Extension Letter of Credit has been issued, the Lenders shall be deemed to              have authorized (but may not require) the applicable L/C Issuer to permit the              extension of such Letter of Credit at any time to an expiry date not later than the              L/C Expiration Date; provided, however, that the applicable L/C Issuer shall not              permit any such extension if (A) the applicable L/C Issuer has determined that it              would not be permitted or would have no obligation at such time to issue such              Letter of Credit in its revised form (as extended) under the terms hereof (by              reason of the provisions of Section 2.03(a) or otherwise), or (B) it has received              notice (which may be by telephone or in writing) on or before the day that is              seven Business Days before the Non-Extension Notice Date (1) from the              Administrative Agent that the Required Lenders have elected not to permit such              extension or (2) from the Administrative Agent, any Lender or any Borrower that              one or more of the applicable conditions specified in Section 5.02 is not then              satisfied, and in each case directing the applicable L/C Issuer not to permit such              extension.                     (iv)  If a Borrower so requests in any applicable L/C Application, the              applicable L/C Issuer may, in its sole and absolute discretion, agree to issue a              Letter of Credit that permits the automatic reinstatement of all or a portion of the              stated amount thereof after any drawing thereunder (each, an “Auto-             Reinstatement Letter of Credit”).  Unless otherwise directed by the applicable L/C              Issuer, such Borrower shall not be required to make a specific request to the              applicable L/C Issuer to permit such reinstatement.  Once an Auto-Reinstatement              Letter of Credit has been issued, except as provided in the following sentence, the              Lenders shall be deemed to have authorized (but may not require) the applicable              L/C Issuer to reinstate all or a portion of the stated amount thereof in accordance              with the provisions of such Letter of Credit.  Notwithstanding the foregoing, if              such Auto-Reinstatement Letter of Credit permits the applicable L/C Issuer to              decline to reinstate all or any portion of the stated amount thereof after a drawing              thereunder by giving notice of such non-reinstatement within a specified number              of days after such drawing (the “Non-Reinstatement Deadline”), the applicable              L/C Issuer shall not permit such reinstatement if it has received a notice (which              may be by telephone or in writing) on or before the day that is seven Business              Days before the Non-Reinstatement Deadline (A) from the Administrative Agent              that the Required Lenders have elected not to permit such reinstatement or (B)              from the Administrative Agent, any Lender or any Borrower that one or more of              the applicable conditions specified in Section 5.02 is not then satisfied (treating              such reinstatement as an L/C Credit Extension for purposes of this clause) and, in              each case, directing the applicable L/C Issuer not to permit such reinstatement.    NYDOCS02/1161559.5                   59  

 

                                                            EXECUTION COPY                     (v)   Promptly after its delivery of any Letter of Credit or any              amendment to a Letter of Credit to an advising bank with respect thereto or to the              beneficiary thereof, the applicable L/C Issuer will also deliver to the applicable              Borrower and the Administrative Agent a true and complete copy of such Letter              of Credit or amendment.               (c)   Drawings and Reimbursements; Funding of Participations.                     (i)   Upon receipt from the beneficiary of any Letter of Credit of any              notice of a drawing under any Letter of Credit, the applicable L/C Issuer shall              notify the applicable Borrower and the Administrative Agent thereof.  In the case              of a Letter of Credit denominated in a currency other than Dollars, the applicable              Borrower shall reimburse the applicable L/C Issuer in the same such currency,              unless (A) such L/C Issuer (at its option) shall have specified in such notice that it              will require reimbursement in Dollars, or (B) in the absence of any such              requirement for reimbursement in Dollars, such Borrower shall have notified such              L/C Issuer promptly following receipt of the notice of drawing that such Borrower              will reimburse such L/C Issuer in Dollars.  In the case of any such reimbursement              in Dollars of a drawing under a Letter of Credit denominated in a currency other              than Dollars, the applicable L/C Issuer shall notify the applicable Borrower of the              Dollar Equivalent of the amount of the drawing promptly following the              determination thereof.  Not later than 11:00 a.m. on the date of any payment by              the applicable L/C Issuer under a Letter of Credit to be reimbursed in Dollars, or              the Applicable Time on the date of any payment by the applicable L/C Issuer              under a Letter of Credit to be reimbursed in a currency other than Dollars (each              such date, an “Honor Date”), the applicable Borrower shall reimburse the              applicable L/C Issuer through the Administrative Agent in an amount equal to the              amount of such drawing and in the applicable currency.  If the applicable              Borrower fails to so reimburse the applicable L/C Issuer by such time, the              Administrative Agent shall promptly notify each Lender of the Honor Date, the              amount of the unreimbursed drawing (expressed in Dollars in the amount of the              Dollar Equivalent thereof in the case of a Letter of Credit denominated in an              Alternative Currency) (the “L/C Unreimbursed Amount”), and the amount of such              Lender’s Revolving Commitment Percentage thereof.  In such event, the              applicable Borrower shall be deemed to have requested a Borrowing of Base Rate              Loans or Fixed LIBOR Rate Loans with an Interest Period of one month, as              appropriate, to be disbursed on the Honor Date in an amount equal to the L/C              Unreimbursed Amount, without regard to the minimum and multiples specified in              Section 2.02 for such Loans, but subject to the amount of the unutilized portion of              the Aggregate Master Revolving Commitments and the conditions set forth in              Section 5.02 (other than the delivery of a Loan Notice).  Any notice given by an              L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be              given by telephone if immediately confirmed in writing; provided that the lack of              such an immediate confirmation shall not affect the conclusiveness or binding              effect of such notice.    NYDOCS02/1161559.5                   60  

 

                                                            EXECUTION COPY                     (ii)  Each Lender shall upon any notice pursuant to Section 2.03(c)(i)              make funds available to the Administrative Agent for the account of the              applicable L/C Issuer at the Administrative Agent’s Office in an amount equal to              its Revolving Commitment Percentage of the L/C Unreimbursed Amount not later              than 1:00 p.m. on the Business Day specified in such notice by the Administrative              Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each of the              respective Lenders that so makes funds available shall be deemed to have made a              Revolving Loan that is a Base Rate Loan or Fixed LIBOR Rate Loan with an              Interest Period of one month, as appropriate, to the respective Borrower in such              amount.  The Administrative Agent shall remit the funds so received to the              applicable L/C Issuer in the applicable currency (or, if requested by the applicable              L/C Issuer, the equivalent amount thereof in Dollars as determined by the              Administrative Agent at such time on the basis of the Spot Rate as of the funding              date).                     (iii) With respect to any L/C Unreimbursed Amount that is not fully              refinanced by a Borrowing because the conditions set forth in Section 5.02 cannot              be satisfied or for any other reason, the applicable Borrower shall be deemed to              have incurred from the applicable L/C Issuer an L/C Borrowing in the amount of              the L/C Unreimbursed Amount that is not so refinanced, which L/C Borrowing              shall be due and payable on demand (together with interest) and shall bear interest              at the Default Rate.  In such event, each Lender’s payment to the Administrative              Agent for the account of the applicable L/C Issuer pursuant to Section 2.03(c)(ii)              shall be deemed payment in respect of its participation in such L/C Borrowing              and shall constitute an L/C Advance from such Lender in satisfaction of its              participation obligation under this Section 2.03.                     (iv)  Until each respective Lender funds its Revolving Loan or L/C              Advance pursuant to this Section 2.03(c) to reimburse the applicable L/C Issuer              for any amount drawn under any Letter of Credit, interest in respect of such              Lender’s Revolving Commitment Percentage of such amount shall be solely for              the account of the applicable L/C Issuer.                     (v)   Each Lender’s obligation to make Revolving Loans or L/C              Advances to reimburse the L/C Issuers for amounts drawn under Letters of Credit,              as contemplated by this Section 2.03(c), shall be absolute and unconditional and              shall not be affected by any circumstance, including (A) any setoff, counterclaim,              recoupment, defense or other right that such Lender may have against any L/C              Issuer, any Borrower or any other Person for any reason whatsoever; (B) the              occurrence or continuance of a Default, or (C) any other occurrence, event or              condition, whether or not similar to any of the foregoing; provided, however, that              each Lender’s obligation to make Loans pursuant to this Section is subject to the              conditions set forth in Section 5.02 (other than delivery of a Loan Notice).  No              such making of an L/C Advance shall relieve or otherwise impair the obligation              of the applicable Borrowers to reimburse the applicable L/C Issuer for the amount              of any payment made by the applicable L/C Issuer under any Letter of Credit,              together with interest as provided herein.    NYDOCS02/1161559.5                   61  

 

                                                            EXECUTION COPY                     (vi)  If any Lender fails to make available to the Administrative Agent              for the account of the applicable L/C Issuer any amount required to be paid by              such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the              time specified in Section 2.03(c)(ii), the applicable L/C Issuer shall be entitled to              recover from such Lender (acting through the Administrative Agent), on demand,              such amount with interest thereon for the period from the date such payment is              required to the date on which such payment is immediately available to the              applicable L/C Issuer at a rate per annum equal to the applicable Overnight Rate              from time to time in effect, plus any administrative, processing or similar fees              customarily charged by the applicable L/C Issuer in connection with the              foregoing.  If such Lender pays such amount (with interest and fees as aforesaid),              the amount so paid shall constitute such Lender’s Loan included in the relevant              Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case              may be.  A certificate of the applicable L/C Issuer submitted to any Lender              (through the Administrative Agent) with respect to any amounts owing under this              clause (vi) shall be conclusive absent manifest error.               (d)   Repayment of Participations.                     (i)   At any time after an L/C Issuer has made a payment under any              Letter of Credit and has received from any Lender such Lender’s L/C Advance in              respect of such payment in accordance with Section 2.03(c), if the Administrative              Agent receives for the account of the applicable L/C Issuer any payment in              respect of the related L/C Unreimbursed Amount or interest thereon (whether              directly from a Borrower or otherwise, including proceeds of Cash Collateral              applied thereto by the Administrative Agent), the Administrative Agent will              distribute to such Lender its Revolving Commitment Percentage thereof              (appropriately adjusted, in the case of interest payments, to reflect the period of              time during which such Lender’s L/C Advance was outstanding) in the same              funds as those received by the Administrative Agent.                     (ii)  If any payment received by the Administrative Agent for the              account of an L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned              under any of the circumstances described in Section 11.05 (including pursuant to              any settlement entered into by the applicable L/C Issuer in its discretion), each              Lender shall pay to the Administrative Agent for the account of the applicable              L/C Issuer its Revolving Commitment Percentage thereof on demand of the              Administrative Agent, plus interest thereon from the date of such demand to the              date such amount is returned by such Lender, at a rate per annum equal to the              Overnight Rate from time to time in effect.  The obligations of the Lenders under              this clause shall survive the payment in full of the Obligations and the termination              of this Credit Agreement.               (e)   Obligations Absolute.  The obligation of each Borrower to reimburse the        applicable L/C Issuer for each drawing under each Letter of Credit and to repay each L/C        Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in    NYDOCS02/1161559.5                   62  

 

                                                            EXECUTION COPY         accordance with the terms of this Credit Agreement under all circumstances, including        the following:                     (i)   any lack of validity or enforceability of such Letter of Credit, this              Credit Agreement or any other Credit Document;                     (ii)  the existence of any claim, counterclaim, setoff, defense or other              right that a Borrower or any Subsidiary may have at any time against any              beneficiary or any transferee of such Letter of Credit (or any Person for whom              any such beneficiary or any such transferee may be acting), any L/C Issuer or any              other Person, whether in connection with this Credit Agreement, the transactions              contemplated hereby or by such Letter of Credit or any agreement or instrument              relating thereto, or any unrelated transaction;                     (iii) any draft, demand, certificate or other document presented under              such Letter of Credit proving to be forged, fraudulent, invalid or insufficient in              any respect or any statement therein being untrue or inaccurate in any respect; or              any loss or delay in the transmission or otherwise of any document required in              order to make a drawing under such Letter of Credit;                     (iv)  any payment by an L/C Issuer under such Letter of Credit against              presentation of a draft or certificate that does not strictly comply with the terms of              such Letter of Credit; or any payment made by an L/C Issuer under such Letter of              Credit to any Person purporting to be a trustee in bankruptcy,              debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or              other representative of or successor to any beneficiary or any transferee of such              Letter of Credit, including any arising in connection with any proceeding under              any Debtor Relief Law;                     (v)   any adverse change in the relevant exchange rates or in the              availability of the relevant currency to the Borrowers or any Subsidiary or in the              relevant currency markets generally; or                     (vi)  any other circumstance or happening whatsoever, whether or not              similar to any of the foregoing, including any other circumstance that might              otherwise constitute a defense available to, or a discharge of, any Borrower or any              Subsidiary.         Each Borrower shall promptly examine a copy of each Letter of Credit and each  amendment thereto that is delivered to such Borrower and, in the event of any claim of  noncompliance with such Borrower’s instructions or other irregularity, such Borrower will  immediately notify the applicable L/C Issuer.  A Borrower shall be conclusively deemed to have  waived any such claim against the applicable L/C Issuer and its correspondents unless such  notice is given as aforesaid.               (f)   Role of the L/C Issuers in such Capacity.  Each of the Lenders and the        Borrowers agrees that, in paying any drawing under a Letter of Credit, the L/C Issuers        shall not have any responsibility to obtain any document (other than any sight draft,    NYDOCS02/1161559.5                   63  

 

                                                            EXECUTION COPY         certificates and documents expressly required by the Letter of Credit) or to ascertain or        inquire as to the validity or accuracy of any such document or the authority of the Person        executing or delivering any such document.  None of the L/C Issuers, the Administrative        Agent, any of their respective Related Parties nor any correspondent, participant or        assignee of any L/C Issuer shall be liable to any Lender for (i) any action taken or        omitted in connection herewith at the request or with the approval of the Lenders or the        Required Lenders for the respective credit facility hereunder, as applicable; (ii) any        action taken or omitted in the absence of gross negligence or willful misconduct; or (iii)        the due execution, effectiveness, validity or enforceability of any document or instrument        related to any Letter of Credit or Issuer Document.  Each Borrower hereby assumes all        risks of the acts or omissions of any beneficiary or transferee with respect to such        Borrower’s use of any Letter of Credit; provided, however, that this assumption is not        intended to, and shall not, preclude such Borrower’s pursuing such rights and remedies as        such Borrower may have against the beneficiary or transferee at law or under any other        agreement.  None of the L/C Issuers, the Administrative Agent, any of their respective        Related Parties nor any correspondent, participant or assignee of any L/C Issuer, shall be        liable or responsible for any of the matters described in clauses (i) through (vi) of Section        2.03(e); provided, however, that anything in such clauses to the contrary notwithstanding,        a Borrower may have a claim against an L/C Issuer, and the applicable L/C Issuer may be        liable to such Borrower, to the extent, but only to the extent, of any direct, as opposed to        consequential or exemplary, damages suffered by such Borrower that such Borrower        proves were caused by the applicable L/C Issuer’s willful misconduct or gross negligence        or the applicable L/C Issuer’s willful failure to pay under any Letter of Credit after the        presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying        with the terms and conditions of a Letter of Credit.  In furtherance and not in limitation of        the foregoing, the L/C Issuers may accept documents that appear on their face to be in        order, without responsibility for further investigation, regardless of any notice or        information to the contrary, and the L/C Issuers shall not be responsible for the validity or        sufficiency of any instrument transferring or assigning or purporting to transfer or assign        a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in        part, that may prove to be invalid or ineffective for any reason.               (g)   Applicability of ISP.  Unless otherwise expressly agreed by the L/C Issuer        and a Borrower when a Letter of Credit is issued (including any such agreement        applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each standby        Letter of Credit               (h)   Letters of Credit Issued for Members of Consolidated Group.        Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of        any obligations of, or is for the account of, any Subsidiary, the applicable Borrower shall        be obligated to reimburse the applicable L/C Issuer for any and all drawings under such        Letter of Credit.  Each applicable Borrower hereby acknowledges that the issuance of        Letters of Credit for the account of any Subsidiary inures to the benefit of such applicable        Borrower, and that such applicable Borrower’s business derives substantial benefits from        the businesses of such Subsidiary.    NYDOCS02/1161559.5                   64  

 

                                                            EXECUTION COPY               (i)   Letter of Credit Fees.  The Borrowers shall pay Letter of Credit fees as set        forth in Section 2.09(b).               (j)   Conflict with Issuer Documents.  In the event of any conflict between the        terms hereof and the terms of any Issuer Document, the terms hereof shall control.         2.04  Additional Provisions with respect to Swingline Loans.               (a)   Borrowing Procedures.                     (i)   USD Swingline Loans.  Each USD Swingline Borrowing shall be              made in Dollars upon a Borrower’s irrevocable notice to the applicable USD              Swingline Lender and the Administrative Agent, which may be given by (A)              telephone or (B) a Loan Notice; provided that any telephonic notice must be              confirmed promptly by delivery to the applicable USD Swingline Lender and the              Administrative Agent of a Loan Notice.  Each such notice must be received by the              applicable USD Swingline Lender and the Administrative Agent not later than              4:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be              borrowed, which shall be a minimum of $100,000, and (ii) the requested              borrowing date, which shall be a Business Day.  Each such telephonic notice must              be confirmed promptly by delivery to the applicable USD Swingline Lender and              the Administrative Agent of a written Loan Notice, appropriately completed and              signed by a Responsible Officer of such Borrower.  Promptly after receipt by the              applicable USD Swingline Lender of any telephonic Loan Notice, such USD              Swingline Lender will confirm with the Administrative Agent (by telephone or in              writing) that the Administrative Agent has also received such Loan Notice and, if              not, such USD Swingline Lender will notify the Administrative Agent (by              telephone or in writing) of the contents thereof.  Unless the applicable USD              Swingline Lender has received notice (by telephone or in writing) from the              Administrative Agent (including at the request of any Lender) prior to 4:00 p.m.              on the date of the proposed USD Swingline Borrowing (A) directing such USD              Swingline Lender not to make such USD Swingline Loan as a result of the              limitations set forth in this Article II, or (B) that one or more of the applicable              conditions specified in Article V is not then satisfied, then, subject to the terms              and conditions hereof, such USD Swingline Lender will, not later than 5:00 p.m.              on the borrowing date specified in such Loan Notice, make the amount of its USD              Swingline Loan available to the applicable Borrower at its office by crediting the              account of such Borrower on the books of such USD Swingline Lender in              immediately available funds.                     (ii)  Primary Currency Swingline Loans.  Each Primary Currency              Swingline Borrowing shall be made upon a Borrower’s irrevocable written notice              to the applicable Primary Currency Swingline Lender and the Administrative              Agent, which may be given by (A) telephone or (B) a Loan Notice; provided that              any telephonic notice must be confirmed promptly by delivery to the applicable              Primary Currency Swingline Lender and the Administrative Agent of a Loan              Notice.  Each such notice must be received by the applicable Primary Currency    NYDOCS02/1161559.5                   65  

 

                                                            EXECUTION COPY               Swingline Lender and the Administrative Agent not later than 2:30 p.m. (London              time) on the requested borrowing date, and shall specify (i) the Alternative              Currency and amount to be borrowed, which shall be a minimum of $100,000 or              equivalent thereof, as appropriate, and integral multiples in excess thereof, and (ii)              the requested borrowing date, which shall be a Business Day and a London              Banking Day.  Each such facsimile notice must be confirmed promptly by              delivery of the executed notice to the applicable Primary Currency Swingline              Lender.  Unless the applicable Primary Currency Swingline Lender has received              notice (by telephone or in writing) from the Administrative Agent (including at              the request of any Lender) prior to 3:00 p.m. (London time) on the date of the              proposed Primary Currency Swingline Borrowing (A) directing such Primary              Currency Swingline Lender not to make such Primary Currency Swingline Loan              as a result of the limitations set forth in this Article II, or (B) that one or more of              the applicable conditions specified in Article V is not then satisfied, then, subject              to the terms and conditions hereof, such Primary Currency Swingline Lender will,              not later than 3:30 p.m. (London time) on the borrowing date specified in such              Loan Notice, make the amount of its Primary Currency Swingline Loan available              to the applicable Borrower at its office by crediting the account of such Borrower              on the books of such Primary Currency Swingline Lender (or otherwise transfer              amounts per the Borrower’s payment instructions) in Same Day Funds.               (b)   Refinancing.                     (i)   USD Swingline Loans.                           (A)   Each USD Swingline Lender at any time in its sole and                    absolute discretion may request, on behalf of the applicable Borrowers                    (which hereby irrevocably authorizes the applicable USD Swingline                    Lender to so request on its behalf), that each USD Lender make a USD                    Revolving Loan that is a Base Rate Loan or a Fixed LIBOR Rate Loan                    with an Interest Period of one month, as appropriate, in an amount equal to                    such Lender’s pro rata share of USD Swingline Loans then outstanding.                     Such request shall be made in writing (which written request shall be                    deemed to be a Loan Notice for purposes hereof) and in accordance with                    the requirements of Section 2.02, without regard to the minimum and                    multiples specified therein, but subject to the unutilized portion of the                    Aggregate USD Revolving Commitments and the conditions set forth in                    Section 5.02.  The applicable USD Swingline Lender shall furnish the                    applicable Borrowers with a copy of the applicable Loan Notice promptly                    after delivering such notice to the Administrative Agent.  Each USD                    Lender shall make an amount equal to its pro rata share of the amount                    specified in such Loan Notice available to the Administrative Agent in                    Same Day Funds for the account of the applicable USD Swingline Lender                    at the Administrative Agent’s Office not later than 1:00 p.m. on the day                    specified in such Loan Notice, whereupon, subject to Section                    2.04(c)(i)(B), each USD Lender that so makes funds available shall be                    deemed to have made a USD Revolving Loan that is a Base Rate Loan or    NYDOCS02/1161559.5                   66  

 

                                                            EXECUTION COPY                     a Fixed LIBOR Rate Loan with an Interest Period of one month, as                    appropriate, in such amount.  The Administrative Agent shall remit the                    funds so received to the applicable USD Swingline Lender.                           (B)   If for any reason any USD Swingline Loan cannot be                    refinanced by such a Borrowing of USD Revolving Loans in accordance                    with Section 2.04(b)(i)(A), the request for USD Revolving Loans                    submitted by the applicable USD Swingline Lender as set forth herein                    shall be deemed to be a request by such USD Swingline Lender that each                    of the USD Lenders fund its risk participation in the relevant USD                    Swingline Loan and each USD Lender’s payment to the Administrative                    Agent for the account of such USD Swingline Lender pursuant to Section                    2.04(c)(i)(A)shall be deemed payment in respect of such participation.                           (C)   If any USD Lender fails to make available to the                    Administrative Agent for the account of the applicable USD Swingline                    Lender any amount required to be paid by such USD Lender pursuant to                    the foregoing provisions of this Section 2.04(b)(i) by the time specified in                    Section 2.04(b)(i)(A), such USD Swingline Lender shall be entitled to                    recover from such USD Lender (acting through the Administrative Agent),                    on demand, such amount with interest thereon for the period from the date                    such payment is required to the date on which such payment is                    immediately available to such USD Swingline Lender at a rate per annum                    equal to the applicable Overnight Rate from time to time in effect, plus                    any administrative, processing or similar fees customarily charged by such                    USD Swingline Lender in connection with the foregoing.  If such USD                    Lender pays such amount (with interest and fees as aforesaid), the amount                    so paid shall constitute such Lender’s USD Revolving Loan included in                    the relevant Borrowing or funded participation in the relevant USD                    Swingline Loan, as the case may be.  A certificate of the applicable USD                    Swingline Lender submitted to any Lender (through the Administrative                    Agent) with respect to any amounts owing under this clause (C) shall be                    conclusive absent manifest error.                           (D)   Each USD Lender’s obligation to make USD Revolving                    Loans or to purchase and fund risk participations in USD Swingline Loans                    pursuant to this Section 2.04(b)(i) shall be absolute and unconditional and                    shall not be affected by any circumstance, including (A) any setoff,                    counterclaim, recoupment, defense or other right that such Lender may                    have against the applicable USD Swingline Lender, any Borrower or any                    other Person for any reason whatsoever, (B) the occurrence or continuance                    of a Default, (C) non-compliance with the conditions set forth in Section                    5.02, or (D) any other occurrence, event or condition, whether or not                    similar to any of the foregoing; provided however, that each USD                    Lender’s obligation to make Loans pursuant to this Section 2.04(b)(i) is                    subject to the conditions set forth in Section 5.02.  No such purchase or                    funding of risk participations shall relieve or otherwise impair the    NYDOCS02/1161559.5                   67  

 

                                                            EXECUTION COPY                     obligation of the Borrowers to repay USD Swingline Loans, together with                    interest as provided herein.                     (ii)  Primary Currency Swingline Loans.                           (A)   Each Primary Currency Swingline Lender at any time in its                    sole and absolute discretion may request, on behalf of the applicable                    Borrowers (which hereby irrevocably authorizes the applicable Primary                    Currency Swingline Lender to so request on its behalf), that each Primary                    Currency Lender make a Primary Currency Revolving Loan in the                    applicable currency that is a Fixed LIBOR Rate Loan with an Interest                    Period of one month, as appropriate, in an amount equal to such Lender’s                    pro rata share of Primary Currency Swingline Loans made by such                    Primary Currency Swingline Lender then outstanding.  Such request shall                    be made in writing (which written request shall be deemed to be a Loan                    Notice for purposes hereof) and in accordance with the requirements of                    Section 2.02, without regard to the minimum and multiples specified                    therein, but subject to the notice requirements, the unutilized portion of the                    Aggregate Primary Currency Revolving Commitments and the conditions                    set forth in Section 5.02.  The applicable Primary Currency Swingline                    Lender shall furnish the applicable Borrowers with a copy of the                    applicable Loan Notice promptly after delivering such notice to the                    Administrative Agent.  Each Primary Currency Lender shall make an                    amount equal to its pro rata share of the amount specified in such Loan                    Notice available to the Administrative Agent in Same Day Funds for the                    account of the applicable Primary Currency Swingline Lender at (i) the                    Administrative Agent’s Office not later than 1:00 p.m. on the day                    specified in such Loan Notice, or (ii) the Administrative Agent’s office for                    the applicable currency not later than the Applicable Time specified by the                    Administrative Agent, as applicable, whereupon, subject to Section                    2.04(c)(ii)(B), each Primary Currency Lender that so makes funds                    available shall be deemed to have made a Primary Currency Revolving                    Loan that is a Fixed LIBOR Rate Loan with an Interest Period of one                    month, as appropriate, in such amount.  The Administrative Agent shall                    remit the funds so received to the applicable Primary Currency Swingline                    Lender.                           (B)   If for any reason any Primary Currency Swingline Loan                    cannot be refinanced by such a Borrowing of Primary Currency Revolving                    Loans in accordance with Section 2.04(b)(ii)(A), the request for Primary                    Currency Revolving Loans submitted by the applicable Primary Currency                    Swingline Lender as set forth herein shall be deemed to be a request by                    such Primary Currency Swingline Lender that each of the Primary                    Currency Lenders fund its risk participation in the relevant Primary                    Currency Swingline Loan and each Primary Currency Lender’s payment                    to the Administrative Agent for the account of such Primary Currency    NYDOCS02/1161559.5                   68  

 

                                                            EXECUTION COPY                     Swingline Lender pursuant to Section 2.04(c)(ii)(A)shall be deemed                    payment in respect of such participation.                           (C)   If any Primary Currency Lender fails to make available to                    the Administrative Agent for the account of the applicable Primary                    Currency Swingline Lender any amount required to be paid by such                    Primary Currency Lender pursuant to the foregoing provisions of this                    Section 2.04(b)(ii) by the time specified in Section 2.04(b)(ii)(A), such                    Primary Currency Swingline Lender shall be entitled to recover from such                    Primary Currency Lender (acting through the Administrative Agent), on                    demand, such amount with interest thereon for the period from the date                    such payment is required to the date on which such payment is                    immediately available to such Primary Currency Swingline Lender at a                    rate per annum equal to the applicable Overnight Rate from time to time in                    effect, plus any administrative, processing or similar fees customarily                    charged by such Primary Currency Swingline Lender in connection with                    the foregoing.  If such Primary Currency Lender pays such amount (with                    interest and fees as aforesaid), the amount so paid shall constitute such                    Lender’s Primary Currency Revolving Loan included in the relevant                    Borrowing or funded participation in the relevant Primary Currency                    Swingline Loan, as the case may be.  A certificate of the applicable                    Primary Currency Swingline Lender submitted to any Lender (through the                    Administrative Agent) with respect to any amounts owing under this                    clause (C) shall be conclusive absent manifest error.                           (D)   Each Primary Currency Lender’s obligation to make                    Primary Currency Revolving Loans or to purchase and fund risk                    participations in Primary Currency Swingline Loans pursuant to this                    Section 2.04(b)(ii) shall be absolute and unconditional and shall not be                    affected by any circumstance, including (A) any setoff, counterclaim,                    recoupment, defense or other right that such Lender may have against the                    applicable Primary Currency Swingline Lender, any Borrower or any                    other Person for any reason whatsoever, (B) the occurrence or continuance                    of a Default, (C) non-compliance with the conditions set forth in Section                    5.02, or (D) any other occurrence, event or condition, whether or not                    similar to any of the foregoing; provided however, that each Primary                    Currency Lender’s obligation to make Loans pursuant to this Section                    2.04(b)(ii) is subject to the conditions set forth in Section 5.02.  No such                    purchase or funding of risk participations shall relieve or otherwise impair                    the obligation of the Borrowers to repay Primary Currency Swingline                    Loans, together with interest as provided herein.               (c)   Repayment of Participations.                     (i)   USD Swingline Loans.    NYDOCS02/1161559.5                   69  

 

                                                            EXECUTION COPY                           (A)   At any time after any USD Lender has purchased and                    funded a risk participation in a USD Swingline Loan, if the applicable                    USD Swingline Lender receives any payment on account of such USD                    Swingline Loan, such USD Swingline Lender will distribute to such                    Lender its pro rata share of such payment (appropriately adjusted, in the                    case of interest payments, to reflect the period of time during which such                    Lender’s risk participation was funded) in the same funds as those                    received by such USD Swingline Lender.                           (B)   If any payment received by the applicable USD Swingline                    Lender in respect of principal or interest on any USD Swingline Loan is                    required to be returned by such USD Swingline Lender under any of the                    circumstances described in Section 11.05 (including pursuant to any                    settlement entered into by such USD Swingline Lender in its discretion),                    each USD Lender shall pay to such USD Swingline Lender its pro rata                    share thereof on demand of the Administrative Agent, plus interest thereon                    from the date of such demand to the date such amount is returned, at a rate                    per annum equal to the Overnight Rate.  The Administrative Agent will                    make such demand upon the request of the applicable USD Swingline                    Lender.  The obligations of the USD Lenders under this clause shall                    survive the payment in full of the USD Revolving Loan Obligations and                    the termination of this Credit Agreement.                     (ii)  Primary Currency Swingline Loans.                           (A)   At any time after any Primary Currency Lender has                    purchased and funded a risk participation in a Primary Currency Swingline                    Loan, if the applicable Primary Currency Swingline Lender receives any                    payment on account of such Primary Currency Swingline Loan, such                    Primary Currency Swingline Lender will distribute to such Lender its pro                    rata share of such payment (appropriately adjusted, in the case of interest                    payments, to reflect the period of time during which such Lender’s risk                    participation was funded) in the same funds as those received by such                    Primary Currency Swingline Lender.                           (B)   If any payment received by the applicable Primary                    Currency Swingline Lender in respect of principal or interest on any                    Primary Currency Swingline Loan is required to be returned by such                    Primary Currency Swingline Lender under any of the circumstances                    described in Section 11.05 (including pursuant to any settlement entered                    into by such Primary Currency Swingline Lender in its discretion), each                    Primary Currency Lender shall pay to such Primary Currency Swingline                    Lender its pro rata share thereof on demand of the Administrative Agent,                    plus interest thereon from the date of such demand to the date such                    amount is returned, at a rate per annum equal to the Overnight Rate.  The                    Administrative Agent will make such demand upon the request of the                    applicable Primary Currency Swingline Lender.  The obligations of the    NYDOCS02/1161559.5                   70  

 

                                                            EXECUTION COPY                     Primary Currency Lenders under this clause shall survive the payment in                    full of the Primary Currency Revolving Loan Obligations and the                    termination of this Credit Agreement.               (d)   Interest for Account of Swingline Lender.  The applicable Swingline        Lender shall be responsible for invoicing the Borrowers for interest on the Swingline        Loans.  Until each Lender funds its Revolving Loan or risk participation pursuant to this        Section 2.04 to refinance such Lender’s Revolving Commitment Percentage of any        Swingline Loan, interest in respect thereof shall be solely for the account of the        applicable Swingline Lender.               (e)   Payments Directly to Swingline Lender.  The Borrowers shall make all        payments of principal and interest in respect of the Swingline Loans directly to the        applicable Swingline Lender.         2.05  Repayment of Loans.               (a)   Revolving Loans.  The Outstanding Amount of Revolving Loans shall be        repaid in full on the Termination Date.               (b)   USD Swingline Loans.  The Outstanding Amount of USD Swingline        Loans shall be repaid in full on the earlier to occur of (i) the date of demand by the        applicable USD Swingline Lender, and (ii) the Termination Date.               (c)   Primary Currency Swingline Loans.  The Outstanding Amount of Primary        Currency Swingline Loans shall be repaid in full on the earlier to occur of (i) the date of        demand by the applicable Primary Currency Swingline Lender, and (ii) the Termination        Date.         2.06  Prepayments               (a)   Voluntary Prepayments.  The Loans may be repaid in whole or in part        without premium or penalty (except, in the case of Loans other than Base Rate Loans and        Floating Rate LIBOR Loans, amounts payable pursuant to Section 3.05); provided that:                     (i)   in the case of Loans other than Swingline Loans, (A) notice thereof              must be received by 11:00 a.m. by the Administrative Agent at least three              Business Days prior to the date of prepayment, in the case of Fixed LIBOR Rate              Loans denominated in Dollars, (B) four Business Days (or five in the case of              prepayment of Loans denominated in Special Notice Currencies) prior to any date              of prepayment, in the case of Fixed LIBOR Rate Loans denominated in currencies              other than Dollars, and (C) on the date of prepayment, in the case of Base Rate              Loans and Floating LIBOR Rate Loans, and in each case, any such prepayment              shall be a minimum principal amount of $5 million and integral multiples of $1              million in excess thereof, in the case of Fixed LIBOR Rate Loans and $500,000              and integral multiples of $100,000 in excess thereof, in the case of Base Rate              Loans or Floating LIBOR Rate Loans, or, in each case, the entire remaining              principal amount thereof, if less;    NYDOCS02/1161559.5                   71  

 

                                                            EXECUTION COPY                     (ii)  in the case of USD Swingline Loans, (A) notice thereof must be              received by the applicable USD Swingline Lender by 1:00 p.m. on the date of              prepayment (with a copy to the Administrative Agent), and (B) any such              prepayment shall be in the same minimum principal amounts as for advances              thereof (or any lesser amount that may be acceptable to such USD Swingline              Lender); and                     (iii) in the case of Primary Currency Swingline Loans, (A) notice              thereof must be received by the applicable Primary Currency Swingline Lender              by 10:00 a.m. (London time) on the date of prepayment, and (B) any such              prepayment shall be in the same minimum principal amounts as for advances              thereof (or lesser amount that may be acceptable to such Primary Currency              Swingline Lender).   Each such notice of voluntary prepayment hereunder shall be irrevocable and shall specify the  date and amount of prepayment and the Loans and Type(s) of Loans that are being prepaid and,  if Fixed LIBOR Loans are to be prepaid, the Interest Period(s) of such Loans.  The  Administrative Agent will give prompt notice to the applicable Lenders of any prepayment on  the Loans and the Lender’s interest therein.  If such notice is given by a Borrower, such  Borrower shall make such prepayment and the payment amount specified in such notice shall be  due and payable on the date specified therein.  Prepayments of Fixed LIBOR Rate Loans  hereunder shall be accompanied by accrued interest on the amount prepaid and breakage or other  amounts due, if any, under Section 3.05.               (b)   Mandatory Prepayments.                     (i)   Master Revolving Commitments.  If at any time (A) the              Outstanding Amount of USD Revolving Loan Obligations shall exceed the              Aggregate USD Revolving Committed Amount, (B) the Outstanding Amount of              Primary Currency Revolving Loan Obligations shall exceed the Aggregate              Primary Currency Revolving Committed Amount, (C) the Outstanding Amount of              Secondary Currency Revolving Loan Obligations shall exceed the Aggregate              Secondary Currency Revolving Committed Amount, (D) the Outstanding Amount              of Master Revolving Loan Obligations shall exceed the Aggregate Master              Revolving Committed Amount, (E) the aggregate principal amount of Master              Revolving Loan Obligations owing by any Designated Borrower shall exceed its              respective Designated Borrowing Limit, (F) the Outstanding Amount of L/C              Obligations shall exceed the L/C Sublimit, (G) the Outstanding Amount of USD              Swingline Loans shall exceed the USD Swingline Sublimit or (H) the Outstanding              Amount of Primary Currency Swingline Loans shall exceed the Primary Currency              Swingline Sublimit, then the applicable Borrowers shall make an immediate              prepayment on or in respect of the respective Revolving Loan Obligations in an              amount equal to the difference; provided, however, that, except with respect to              clause (F), L/C Obligations will not be Cash Collateralized hereunder until the              Revolving Loans and Swingline Loans in respect thereof have been paid in full.    NYDOCS02/1161559.5                   72  

 

                                                            EXECUTION COPY               (c)   Application.  Within each Loan, prepayments will be applied first to Base        Rate Loans and Floating LIBOR Rate Loans, then to Fixed LIBOR Rate Loans in direct        order of Interest Period maturities.  In addition:                     (i)   Voluntary Prepayments.  Voluntary prepayments shall be applied              as specified by the Borrowers.  Voluntary prepayments on the Revolving Loan              Obligations will be paid by the Administrative Agent to the Lenders ratably in              accordance with their respective interests therein.                     (ii)  Mandatory Prepayments.  Mandatory prepayments on the              Revolving Loan Obligations will be paid by the Administrative Agent to the              Lenders ratably in accordance with their respective interests therein; provided that              mandatory prepayments in respect of the Revolving Commitments under              subsection (b)(i)(A) above shall be applied to the respective Revolving Loan              Obligations as appropriate.         2.07  Voluntary Termination or Reduction of Commitments.  The Revolving  Commitments hereunder may be permanently reduced in whole or in part by notice from the  Borrowers to the Administrative Agent; provided that (i) any such notice thereof must be  received by 11:00 a.m. at least five Business Days prior to the date of reduction or termination  and any such prepayment shall be in a minimum principal amount of $5 million and integral  multiples of $1 million in excess thereof; (ii) the Revolving Commitments may not be reduced to  an amount less than the Revolving Loan Obligations then outstanding thereunder, and (iii) if,  after giving effect to any reduction of the Aggregate Master Revolving Commitments, the L/C  Sublimit, the Designated Borrower Limit or the Swingline Sublimit exceeds the amount of the  Aggregate Master Revolving Commitments, such sublimit shall be automatically reduced by the  amount of such excess.  The Administrative Agent will give prompt notice to the Lenders of any  such reduction.  Any reduction of the Aggregate Master Revolving Commitments shall be  applied ratably to the Revolving Commitments of the respective Lenders, as appropriate.  All  commitment or other fees accrued with respect thereto through the effective date of any  termination of the Aggregate Master Revolving Commitments shall be paid on the effective date  of such termination.         2.08  Interest.               (a)   Subject to the provisions of subsection (b) below, (i) each Fixed LIBOR        Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest        Period at a rate per annum equal to the Fixed LIBOR Rate for such Interest Period plus        the Applicable Percentage; (ii) each Floating Rate LIBOR Loan shall bear interest on the        outstanding principal amount thereof from the applicable borrowing date at a rate per        annum equal to the Floating LIBOR Rate plus the Applicable Percentage, (iii) each Loan        that is a Base Rate Loan (including USD Swingline Loans) shall bear interest on the        outstanding principal amount thereof from the applicable borrowing date at a rate per        annum equal to the Base Rate plus the Applicable Percentage; and (iv) each Primary        Currency Swingline Loan shall bear interest on the outstanding principal amount thereof        from the applicable borrowing date at a rate per annum equal to the Overnight Rate plus        the Applicable Percentage for Fixed LIBOR Rate Loans.    NYDOCS02/1161559.5                   73  

 

                                                            EXECUTION COPY               (b)   (i)  If any amount of principal of any Loan is not paid when due        (without regard to any applicable grace periods), whether at stated maturity, by        acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating        interest rate per annum at all times equal to the Default Rate to the fullest extent        permitted by applicable Law.                     (ii)  If any amount (other than principal of any Loan) payable under              any Credit Document is not paid when due (without regard to any applicable              grace periods), whether at stated maturity, by acceleration or otherwise, then upon              the request of the Required Lenders, such amount shall thereafter bear interest at a              fluctuating interest rate per annum at all times equal to the Default Rate to the              fullest extent permitted by applicable Law.                     (iii) Upon the occurrence and during the continuation of an Event of              Default under Section 9.01(f), the principal amount of all outstanding Obligations              hereunder shall bear interest at a fluctuating interest rate per annum at all times              equal to the Default Rate to the fullest extent permitted by applicable Law.                     (iv)  Upon the occurrence and during the continuation of an Event of              Default other than an Event of Default under Section 9.01(f), then upon the              request of the Required Lenders, the principal amount of all outstanding              Obligations hereunder shall bear interest at a fluctuating interest rate per annum at              all times equal to the Default Rate to the fullest extent permitted by applicable              law.                     (v)   Accrued and unpaid interest on past due amounts (including              interest on past due amounts) shall be due and payable upon demand.               (c)   Interest on each Loan shall be due and payable in arrears on each Interest        Payment Date applicable thereto and at such other times as may be specified herein.         Interest hereunder shall be due and payable in accordance with the terms hereof before        and after judgment, and before and after the commencement of any proceeding under any        Debtor Relief Law.         2.09  Fees.               (a)   Facility Fees.                     (i)   Master Revolving Commitment.  The Domestic Borrowers shall              pay to the Administrative Agent for the account of each Lender its USD              Revolving Commitment Percentage of a facility fee, in Dollars, equal to the              Applicable Percentage of the actual daily amount of the Aggregate Master              Revolving Committed Amount.                     (ii)  Payments.  The foregoing facility fees shall accrue at all times              during the Commitment Period, including at any time during which one or more              of the conditions in Article V is not met, and (A) shall be due and payable              quarterly in arrears on the first Business Day after the end of each March, June,    NYDOCS02/1161559.5                   74  

 

                                                            EXECUTION COPY               September and December, commencing with the first such date to occur after the              Closing Date, on the Termination Date (and, if applicable, thereafter on demand)              and (B) shall be calculated quarterly in arrears, and if there is any change in the              Applicable Percentage during any quarter, the actual daily amount shall be              computed and multiplied by the Applicable Percentage separately for each period              during such quarter that such Applicable Percentage was in effect.               (b)   Letter of Credit Fees.                     (i)   Letter of Credit Fees.  The applicable Borrowers shall pay to the              Administrative Agent for the account of each Lender in accordance with its              respective Revolving Commitment Percentage, in Dollars, a Letter of Credit fee              for each Letter of Credit equal to the Applicable Percentage multiplied by the              Dollar Equivalent of the actual daily maximum amount available to be drawn              under such Letter of Credit (whether or not such maximum amount is then in              effect under such Letter of Credit) (the “Letter of Credit Fee”).  The Letter of              Credit Fees with respect to Letters of Credit shall be computed on a quarterly              basis in arrears, and shall be due and payable on the first Business Day after the              end of each March, June, September and December, commencing with the first              such date to occur after the issuance of such Letter of Credit, on the L/C              Expiration Date and thereafter on demand.  If there is any change in the              Applicable Percentage during any quarter, the daily maximum amount of each              Letter of Credit shall be computed and multiplied by the Applicable Percentage              separately for each period during such quarter that such Applicable Percentage              was in effect.  Notwithstanding anything to the contrary contained herein, upon              the request of the Required USD Lenders, while any Event of Default exists, all              such Letter of Credit Fees shall accrue at the Default Rate.                     (ii)  Fronting Fee and Documentary and Processing Charges Payable to              L/C Issuers.  The applicable Borrowers shall pay directly to each L/C Issuer for              its own account, in Dollars, a fronting fee with respect to each Letter of Credit, at              the rate and at the times specified in the Fee Letter multiplied by the Dollar              Equivalent of the daily maximum amount available to be drawn under such Letter              of Credit (whether or not such maximum amount is then in effect payable on the              first Business Day after the end of each March, June, September and December,              commencing with the first such date to occur after the issuance of such Letter of              Credit, the L/C Expiration Date and thereafter on demand.  For purposes of              computing the daily amount available to be drawn under any Letter of Credit, the              amount of such Letter of Credit shall be determined in accordance with Section              1.09.  In addition, the applicable Borrowers shall pay directly to each L/C Issuer              for its own account the customary issuance, presentation, amendment and other              processing fees, and other standard costs and charges, of such L/C Issuer relating              to letters of credit as from time to time in effect.  Such customary fees and              standard costs and charges are due and payable on demand and are nonrefundable.               (c)   Other Fees.    NYDOCS02/1161559.5                   75  

 

                                                            EXECUTION COPY                     (i)   The applicable Borrowers shall pay to the applicable Arrangers              and the Administrative Agent for their own respective accounts, in Dollars, fees in              the amounts and at the times specified in the applicable Fee Letters.  Such fees              shall be fully earned when paid and shall not be refundable for any reason              whatsoever.                     (ii)  The applicable Borrowers shall pay to the Lenders, in Dollars, such              fees as shall have been separately agreed upon in writing in the amounts and at              the times so specified.  Such fees shall be fully earned when paid and shall not be              refundable for any reason whatsoever.         2.10  Computation of Interest and Fees.  All computations of interest for Base Rate  Loans (including Base Rate Loans determined by reference to the Fixed LIBOR Rate) shall be  made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.  All  other computations of fees and interest shall be made on the basis of a 360-day year and actual  days elapsed (which results in more fees or interest, as applicable, being paid than if computed  on the basis of a 365-day year), or, in the case of interest in respect of Loans denominated in  currencies other than Dollars as to which market practice differs from the foregoing, in  accordance with such market practice.  Interest shall accrue on each Loan for the day on which  the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which  the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which  it is made shall, subject to Section 2.11(a), bear interest for one day.  Each determination by the  Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all  purposes, absent manifest error.         2.11  Payments Generally; Administrative Agent’s Clawback.               (a)   General.  All payments to be made by the Borrowers shall be made        without condition or deduction for any counterclaim, defense, recoupment or setoff.         Except as otherwise expressly provided herein and except with respect to principal of and        interest on Loans denominated in currencies other than Dollars, all payments by the        Borrowers hereunder shall be made to the Administrative Agent, for the account of the        respective Lenders to which such payment is owed, at the Administrative Agent’s Office        in Dollars and in Same Day Funds not later than 2:00 p.m. on the date specified herein.         Except as otherwise expressly provided herein, all payments by the Borrowers hereunder        with respect to principal and interest on Loans denominated in a currency other than        Dollars shall be made to the Administrative Agent, for the account of the respective        Lenders to which such payment is owed, at the Administrative Agent’s Office in such        other currency and in Same Day Funds not later than the Applicable Time specified by        the Administrative Agent on the dates specified herein.  Without limiting the generality        of the foregoing, the Administrative Agent may require that any payments due under this        Credit Agreement be made in the United States.  If, for any reason, a Borrower is        prohibited by any Law from making any required payment hereunder in the applicable        currency, such Borrower shall make such payment in Dollars in the Dollar Equivalent        thereof.  The Administrative Agent will promptly distribute to each Lender its pro rata        share of such payment in like funds as received by wire transfer to such Lender’s        Lending Office.  All payments received by the Administrative Agent (i) after 2:00 p.m.,    NYDOCS02/1161559.5                   76  

 

                                                            EXECUTION COPY         in the case of payments in Dollars, or (ii) after the Applicable Time specified by the        Administrative Agent in the case of payments in currencies other than Dollars, shall in        each case be deemed received on the next succeeding Business Day and any applicable        interest or fee shall continue to accrue.  Subject to the definition of “Interest Period”, if        any payment to be made by a Borrower shall come due on a day other than a Business        Day, payment shall be made on the next following Business Day, and such extension of        time shall be reflected in computing interest or fees, as the case may be.               (b)   (i)  Funding by Lenders; Presumption by Administrative Agent.         Unless the Administrative Agent shall have received notice from a Lender prior to the        proposed date of any Borrowing of Fixed LIBOR Rate Loans (or, in the case of any        Borrowing of Base Rate Loans or Floating LIBOR Rate Loans, prior to 1:00 p.m. on the        date of such Borrowing) that such Lender will not make available to the Administrative        Agent such Lender’s share of such Borrowing, the Administrative Agent may assume        that such Lender has made such share available on such date in accordance with Section        2.02 (or, in the case of a Borrowing of Base Rate Loans or Floating LIBOR Rate Loans,        that such Lender has made such share available in accordance with and at the time        required by Section 2.02) and may, in reliance upon such assumption, make available to        the applicable Borrower a corresponding amount.  In such event, if a Lender has not in        fact made its share of the applicable Borrowing available to the Administrative Agent,        then the applicable Lender and the applicable Borrowers severally agree to pay to the        Administrative Agent forthwith on demand such corresponding amount in Same Day        Funds with interest thereon, for each day from and including the date such amount is        made available to such Borrower to but excluding the date of payment to the        Administrative Agent, at (A) in the case of a payment to be made by such Lender, the        Overnight Rate, plus any administrative, processing or similar fee customarily charged by        the Administrative Agent in connection with the foregoing, and (B) in the case of a        payment to be made by a Borrower, the interest rate applicable to Base Rate Loans.  If        such Borrower and such Lender shall pay such interest to the Administrative Agent for        the same or an overlapping period, the Administrative Agent shall promptly remit to such        Borrower the amount of such interest paid by such Borrower for such period.  If such        Lender pays its share of the applicable Borrowing to the Administrative Agent, then the        amount so paid shall constitute such Lender’s Loan included in such Borrowing.  Any        payment by a Borrower shall be without prejudice to any claim such Borrower may have        against a Lender that shall have failed to make such payment to the Administrative        Agent.                     (ii)  Payments by Borrowers; Presumptions by Administrative Agent.               Unless the Administrative Agent shall have received notice from a Borrower prior              to the date on which any payment is due to the Administrative Agent for the              account of the Lenders or any L/C Issuer hereunder that such Borrower will not              make such payment, the Administrative Agent may assume that such Borrower              has made such payment on such date in accordance herewith and may, in reliance              upon such assumption, distribute to the Lenders or any L/C Issuer, as the case              may be, the amount due.  In such event, if such Borrower has not in fact made              such payment, then each of the Lenders or the applicable L/C Issuer, as the case              may be, severally agrees to repay to the Administrative Agent forthwith on    NYDOCS02/1161559.5                   77  

 

                                                            EXECUTION COPY               demand the amount so distributed to such Lender or such L/C Issuer, in Same              Day Funds with interest thereon, for each day from and including the date such              amount is distributed to it to but excluding the date of payment to the              Administrative Agent, at the Overnight Rate.   A notice of the Administrative Agent to any Lender or any Borrower with respect to any amount  owing under this subsection (b) shall be conclusive, absent manifest error.               (c)   Failure to Satisfy Conditions Precedent.  If any Lender makes available to        the Administrative Agent funds for any Loan to be made by such Lender to a Borrower as        provided in the foregoing provisions of this Article II, and such funds are not made        available to such Borrower by the Administrative Agent because the conditions to the        applicable Credit Extension set forth in Article V are not satisfied or waived in        accordance with the terms hereof, the Administrative Agent shall return such funds (in        like funds as received from such Lender) to such Lender, without interest.               (d)   Obligation of the Lenders Several.  The obligations of the Lenders        hereunder to make Loans, to fund participations in Letters of Credit and Swingline Loans        and to make payments pursuant to Section 11.04(c) are several and not joint.  The failure        of any Lender to make any Loan, to fund any such participation or to make any payment        under Section 11.04(c) on any date required hereunder shall not relieve any other Lender        of its corresponding obligation to do so on such date, and no Lender shall be responsible        for the failure of any other Lender to so make its Loan, to purchase its participation or to        make its payment under Section 11.04(c).               (e)   Funding Source.  Nothing herein shall be deemed to obligate any Lender        to obtain the funds for any Loan in any particular place or manner or to constitute a        representation by any Lender that it has obtained or will obtain the funds for any Loan in        any particular place or manner.         2.12  Sharing of Payments by Lenders.  If any Lender shall, by exercising any right of  setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on  any of the Loans made by it, or the participations in L/C Obligations or in Swingline Loans held  by it resulting in such Lender’s receiving payment of a proportion of the aggregate amount of  such Loans or participations and accrued interest thereon greater than its pro rata share thereof as  provided herein, then the Lender receiving such greater proportion shall (a) notify the  Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the  Loans and subparticipations in L/C Obligations and Swingline Loans of the other Lenders, or  make such other adjustments as shall be equitable, so that the benefit of all such payments shall  be shared by the Lenders ratably in accordance with the aggregate amount of principal of and  accrued interest on their respective Loans and other amounts owing them, provided that:                     (i)   if any such participations or subparticipations are purchased and all              or any portion of the payment giving rise thereto is recovered, such participations              or subparticipations shall be rescinded and the purchase price restored to the              extent of such recovery, without interest; and    NYDOCS02/1161559.5                   78  

 

                                                            EXECUTION COPY                     (ii)  the provisions of this Section shall not be construed to apply to (x)              any payment made by a Borrower pursuant to and in accordance with the express              terms of this Credit Agreement or (y) any payment obtained by a Lender as              consideration for the assignment of or sale of a participation in any of its Loans or              subparticipations in L/C Obligations or Swingline Loans to any assignee or              participant, other than to a Borrower or any Subsidiary thereof (as to which the              provisions of this Section shall apply).   Each Credit Party consents to the foregoing and agrees, to the extent it may effectively do so  under applicable law, that any Lender acquiring a participation pursuant to the foregoing  arrangements may exercise against such Credit Party rights of setoff and counterclaim with  respect to such participation as fully as if such Lender were a direct creditor of such Credit Party  in the amount of such participation.         2.13  Evidence of Debt               (a)   The Credit Extensions made by each Lender shall be evidenced by one or        more accounts or records maintained by such Lender and by the Administrative Agent in        the ordinary course of business.  The accounts or records maintained by the        Administrative Agent and each Lender shall be conclusive absent manifest error of the        amount of the Credit Extensions made by the Lenders to the Borrowers and the interest        and payments thereon.  Any failure to so record or any error in doing so shall not,        however, limit or otherwise affect the obligation of the Borrowers hereunder to pay any        amount owing with respect to the Obligations.  In the event of any conflict between the        accounts and records maintained by any Lender and the accounts and records of the        Administrative Agent in respect of such matters, the accounts and records of the        Administrative Agent shall control in the absence of manifest error.  Upon the request of        any Lender made through the Administrative Agent, each applicable Borrower shall        execute and deliver to the Administrative Agent a Note for such Lender, which shall        evidence such Lender’s Loans in addition to such accounts or records.  Each Lender may        attach schedules to its Note and endorse thereon the date, Type (if applicable), amount        and maturity of its Loans and payments with respect thereto.               (b)   In addition to the accounts and records referred to in subsection (a), each        Lender and the Administrative Agent shall maintain in accordance with its usual practice        accounts or records evidencing the purchases and sales by such Lender of participations        in Letters of Credit and Swingline Loans.  In the event of any conflict between the        accounts and records maintained by the Administrative Agent and the accounts and        records of any Lender in respect of such matters, the accounts and records of the        Administrative Agent shall control in the absence of manifest error.         2.14  Designated Borrowers               (a)   Effective as of the date hereof, each Borrower set forth on Schedule 2.14        shall be a “Designated Borrower” hereunder and may receive Revolving Loan        Obligations for its account on the terms and conditions set forth in this Credit Agreement.    NYDOCS02/1161559.5                   79  

 

                                                            EXECUTION COPY               (b)   The Borrowers may at any time, upon not less than 15 Business Days’        notice from EWI to the Administrative Agent (or such shorter period as may be agreed by        the Administrative Agent in its sole discretion), designate any additional Subsidiary (an        “Applicant Borrower”) as a Designated Borrower to receive Revolving Loan Obligations        hereunder by delivering to the Administrative Agent (which shall promptly deliver        counterparts thereof to each Lender) a duly executed notice and agreement in        substantially the form of Exhibit 2.14-1 (a “Designated Borrower Request and        Assumption Agreement”).  The parties hereto acknowledge and agree that prior to any        Applicant Borrower becoming entitled to utilize the credit facilities provided for herein,        (i) in the case of any Applicant Borrower that is a Foreign Subsidiary, the Administrative        Agent shall have received the written consent of the Lenders to such Foreign Subsidiary        being made Designated Borrower and (ii) the Administrative Agent and the Lenders shall        have received such supporting resolutions, incumbency certificates, opinions of counsel        and other documents or information, in form, content and scope reasonably satisfactory to        the Administrative Agent, as may be required by the Administrative Agent and the        Required USD Lenders, the Required Primary Currency Lenders or the Required        Secondary Currency Lenders, as applicable, in their sole discretion, Notes signed by such        new Borrowers to the extent any Lenders so require and, in the case of an Applicant        Borrower not organized under the laws of the United States or any State thereof that        qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, a duly        executed and completed Beneficial Ownership Certification.  If the Administrative Agent        and the Required USD Lenders, the Required Primary Currency Lenders or the Required        Secondary Currency Lenders, as applicable, agree that an Applicant Borrower shall be        entitled to receive Loans hereunder, then promptly following receipt of all such requested        resolutions, incumbency certificates, opinions of counsel and other documents or        information, the Administrative Agent shall send a notice in substantially the form of        Exhibit 2.14-2 (a “Designated Borrower Notice”) to the Borrowers and the Lenders        specifying the effective date upon which the Applicant Borrower shall constitute a        Designated Borrower for purposes hereof, whereupon each of the Lenders agrees to        permit such Designated Borrower to receive Revolving Loan Obligations hereunder, on        the terms and conditions set forth herein, and each of the parties agrees that such        Designated Borrower otherwise shall be a Borrower for all purposes of this Credit        Agreement; provided that no Loan Notice or Letter of Credit Application may be        submitted by or on behalf of such Designated Borrower until the date five Business Days        after such effective date.               (c)   The Obligations of each Borrower shall be several, and not joint, in nature.               (d)   Each Subsidiary that is or becomes a “Designated Borrower” pursuant to        this Section 2.14 hereby irrevocably appoints EWI as its agent for all purposes relevant to        this Credit Agreement and each of the other Credit Documents, including (1) the giving        and receipt of notices, (2) except for amendments, waivers and consents covered by        Section 11.01, the execution and delivery of all documents, instruments and certificates        contemplated herein, and (3) the receipt of the proceeds of any Loans made by the        Lenders, to any such Designated Borrower hereunder.  Except for amendments, waivers        and consents covered by Section 11.01, any acknowledgment, consent, direction,        certification or other action which might otherwise be valid or effective only if given or    NYDOCS02/1161559.5                   80  

 

                                                            EXECUTION COPY         taken by all Borrowers, or by each Borrower acting singly, shall be valid and effective if        given or taken only by the respective party set forth in clauses (i) and (ii) above, whether        or not any such other Borrower joins therein.  Any such notice, demand, consent,        acknowledgement, direction, certification or other communication delivered to such        agent, as applicable, for the Designated Borrower in accordance with the terms of this        Credit Agreement shall be deemed to have been delivered to each Designated Borrower.               (e)   The Borrowers may from time to time, upon not less than 15 Business        Days’ notice from the Borrowers to the Administrative Agent (or such shorter period as        may be agreed by the Administrative Agent in its sole discretion), terminate a Designated        Borrower’s status as such, provided that there are no outstanding Loans payable by such        Designated Borrower, or other amounts payable by such Designated Borrower on account        of any Loans made to it, as of the effective date of such termination.  The Administrative        Agent will promptly notify the Lenders of any such termination of a Designated        Borrower’s status.         2.15  [Reserved]         2.16  Cash Collateral.               (a)   Certain Credit Support Events.  Upon the request of the Administrative        Agent or an L/C Issuer (i) if an L/C Issuer has honored any full or partial drawing request        under any Letter of Credit and such drawing has resulted in an L/C Borrowing, (ii) if, as        of the L/C Expiration Date, any L/C Obligation for any reason remains outstanding, (iii)        the Borrowers shall be required to provide Cash Collateral pursuant to Section 9.02(c) or        otherwise, or (iv) there shall exist a Defaulting Lender, the Borrowers shall immediately        (in the case of clause (iii) above) or within one Business Day (in all other cases)        following any request by the Administrative Agent or L/C Issuer provide Cash Collateral        in an amount not less than the applicable Minimum Collateral Amount (determined in the        case of Cash Collateral provided pursuant to clause (iv) above, after giving effect to        Section 2.17(a)(iv) and any Cash Collateral provided by the Defaulting Lender).  If the        Administrative Agent notifies the Borrowers at any time that the Outstanding Amount of        all L/C Obligations at such time exceeds 105% of the L/C Sublimit then in effect, then,        within two Business Days after receipt of such notice, the applicable Borrowers shall        Cash Collateralize the L/C Obligations in an amount equal to the amount by which the        Outstanding Amount of all L/C Obligations exceeds the L/C Sublimit.  The        Administrative Agent may, at any time and from time to time after the initial deposit of        Cash Collateral, request that additional Cash Collateral be provided in order to protect        against the results of exchange rate fluctuations.  At any time that there shall exist a        Defaulting Lender, immediately upon the request of the Administrative Agent, an L/C        Issuer or a Swingline Lender, the applicable Borrowers shall deliver to the        Administrative Agent Cash Collateral in an amount sufficient to cover all Fronting        Exposure (after giving effect to Section 2.17(a)(viii) and any Cash Collateral provided by        the Defaulting Lender).               (b)   Grant of Security Interest.  All Cash Collateral (other than credit support        not constituting funds subject to deposit) shall be maintained in blocked, interest bearing    NYDOCS02/1161559.5                   81  

 

                                                            EXECUTION COPY         deposit accounts at Bank of America.  Each Borrower providing such Cash Collateral,        and to the extent provided by any Lender, such Lender, hereby grants to (and subject to        the control of) the Administrative Agent, for the benefit of the Administrative Agent, the        applicable L/C Issuers and the applicable Lenders (including the applicable Swingline        Lenders), and agree to maintain, a first priority security interest in all such cash, deposit        accounts and all balances therein, and all other property so provided as collateral pursuant        hereto, and in all proceeds of the foregoing, all as security for the obligations to which        such Cash Collateral may be applied pursuant to Section 2.16(c).  If at any time the        Administrative Agent determines that Cash Collateral is subject to any right or claim of        any Person other than the Administrative Agent or L/C Issuer as herein provided, or that        the total amount of such Cash Collateral is less than the Minimum Collateral Amount, the        applicable Borrowers or the relevant Defaulting Lender will, promptly upon demand by        the Administrative Agent, pay or provide to the Administrative Agent additional Cash        Collateral in an amount sufficient to eliminate such deficiency.               (c)   Application.  Notwithstanding anything to the contrary contained in this        Credit Agreement, Cash Collateral provided under any of this Section 2.16 or Sections        2.06 or 9.02 in respect of Letters of Credit or Swingline Loans shall be held and applied        to the satisfaction of the specific L/C Obligations, Swingline Loans, obligations to fund        participations therein (including, as to Cash Collateral provided by a Defaulting Lender,        any interest accrued on such obligation) and other obligations for which the Cash        Collateral was so provided, prior to any other application of such property as may be        provided for herein.               (d)   Release.  Cash Collateral (or the appropriate portion thereof) provided to        reduce Fronting Exposure or to secure other obligations shall be released promptly        following (i) the elimination of the applicable Fronting Exposure or other obligations        giving rise thereto (including by the termination of Defaulting Lender status of the        applicable Lender (or, as appropriate, its assignee following compliance with Section        11.06(b)(vi))) or (ii) the Administrative Agent’s good faith determination that there exists        excess Cash Collateral; provided, however, (x) that Cash Collateral furnished by or on        behalf of a Credit Party shall not be released during the continuance of an Event of        Default (and following application as provided in this Section 2.16 shall be applied in        accordance with Section 9.03), and (y) the Person providing Cash Collateral and the        applicable L/C Issuer or Swingline Lender, as applicable, may agree that Cash Collateral        shall not be released but instead held to support future anticipated Fronting Exposure or        other obligations.         2.17  Defaulting Lenders.               (a)   Adjustments.  Notwithstanding anything to the contrary contained in this        Credit Agreement, if any Lender becomes a Defaulting Lender, then, until such time as        that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law:                     (i)   Waivers and Amendments.  Such Defaulting Lender shall not be              entitled to vote, or participate in amendments, waivers or consents hereunder or in    NYDOCS02/1161559.5                   82  

 

                                                            EXECUTION COPY               respect of the other Credit Documents, except as expressly provided in the              definition of “Required Lenders” and Section 11.01;                     (ii)  Defaulting Lender Waterfall.  Any payment of principal, interest,              fees or other amounts received by the Administrative Agent for the account of              such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to              Article IX or otherwise) or received by the Administrative Agent from a              Defaulting Lender pursuant to Section 11.08 shall be applied at such time or times              as may be determined by the Administrative Agent as follows:  first, to the              payment of any amounts owing by such Defaulting Lender to the Administrative              Agent hereunder; second, to the payment on a pro rata basis of any amounts              owing by such Defaulting Lender to the L/C Issuer or Swingline Lenders              hereunder; third, to Cash Collateralize the L/C Issuer’s Fronting Exposure with              respect to such Defaulting Lender in accordance with Section 2.16; fourth, as the              Borrowers may request (so long as no Default exists), to the funding of any Loan              in respect of which such Defaulting Lender has failed to fund its portion thereof              as required by this Credit Agreement, as determined by the Administrative Agent;              fifth, if so determined by the Administrative Agent and the Borrowers, to be held              in a deposit account and released pro rata in order to (x) satisfy such Defaulting              Lender’s potential future funding obligations with respect to Loans under this              Credit Agreement and (y) Cash Collateralize the L/C Issuer’s future Fronting              Exposure with respect to such Defaulting Lender with respect to future Letters of              Credit issued under this Credit Agreement, in accordance with Section 2.16; sixth,              to the payment of any amounts owing to the Lenders, the L/C Issuer or Swingline              Lenders as a result of any judgment of a court of competent jurisdiction obtained              by any Lender, the L/C Issuer or any Swingline Lender against such Defaulting              Lender as a result of such Defaulting Lender’s breach of its obligations under this              Credit Agreement; seventh, so long as no Default exists, to the payment of any              amounts owing to the Borrowers as a result of any judgment of a court of              competent jurisdiction obtained by the Borrowers against such Defaulting Lender              as a result of such Defaulting Lender’s breach of its obligations under this Credit              Agreement; and eighth, to such Defaulting Lender or otherwise as may be              required under the Credit Documents in connection with any Lien conferred              hereunder or directed by a court of competent jurisdiction; provided that if (x)              such payment is a payment of the principal amount of any Loans or L/C              Borrowings in respect of which such Defaulting Lender has not fully funded its              appropriate share, and (y) such Loans were made or the related Letters of Credit              were issued at a time when the conditions set forth in Section 5.02 were satisfied              or waived, such payment shall be applied solely to pay the Loans of, and L/C              Obligations owed to, all Non-Defaulting Lenders on a pro rata basis prior to being              applied to the payment of any Loans of, or L/C Obligations owed to, such              Defaulting Lender until such time as all Loans and funded and unfunded              participations in L/C Obligations and Swingline Loans are held by the Lenders              pro rata in accordance with the USD Revolving Commitments and/or Primary              Currency Revolving Commitments hereunder, as applicable, without giving effect              to Section 2.15(a)(iv).  Any payments, prepayments or other amounts paid or              payable to a Defaulting Lender that are applied (or held) to pay amounts owed by    NYDOCS02/1161559.5                   83  

 

                                                            EXECUTION COPY               a Defaulting Lender or to post Cash Collateral pursuant to this Section 2.15(a)(ii)              shall be deemed paid to and redirected by such Defaulting Lender, and each              Lender irrevocably consents hereto;.                     (iii) (A)  Each Defaulting Lender shall be entitled to receive the fee              payable under Section 2.09(a) for any period during which that Lender is a              Defaulting Lender only to extent allocable to the outstanding principal amount of              the Loans funded by it (and the Borrowers shall not be required to pay any such              fee that otherwise would have been required to have been paid to that Defaulting              Lender).                           (B)   Each Defaulting Lender shall be entitled to receive Letter                    of Credit Fees for any period during which that Lender is a Defaulting                    Lender only to the extent allocable to its pro rata share of the stated                    amount of Letters of Credit for which it has provided Cash Collateral                    pursuant to Section 2.16.                           (C)   With respect to any Letter of Credit Fee not required to be                    paid to any Defaulting Lender pursuant to clause (B) above, the Borrowers                    shall (x) pay to each Non-Defaulting Lender that portion of any such fee                    otherwise payable to such Defaulting Lender with respect to such                    Defaulting Lender’s participation in L/C Obligations that has been                    reallocated to such Non-Defaulting Lender pursuant to clause (iv) below,                    (y) pay to the L/C Issuer the amount of any such fee otherwise payable to                    such Defaulting Lender to the extent allocable to such L/C Issuer’s                    Fronting Exposure to such Defaulting Lender, and (z) not be required to                    pay the remaining amount of any such fee.                     (iv)  Reallocation of Applicable Percentages to Reduce Fronting              Exposure.  All or any part of such Defaulting Lender’s participation in L/C              Obligations and Swingline Loans shall be reallocated among the Non-Defaulting              Lenders with the applicable Revolving Commitments in accordance with their              respective pro rata share (calculated without regard to such Defaulting Lender’s              Commitment) but only to the extent that (x) the conditions set forth in Section              5.02 are satisfied at the time of such reallocation (and, unless the Borrowers shall              have otherwise notified the Administrative Agent at such time, the Borrowers              shall be deemed to have represented and warranted that such conditions are              satisfied at such time), and (y) such reallocation does not cause any Non-             Defaulting Lender’s share of the Outstanding Amount of Revolving Loan              Obligations to exceed its Revolving Commitment.  No reallocation hereunder              shall constitute a waiver or release of any claim of any party hereunder against a              Defaulting Lender arising from that Lender having become a Defaulting Lender,              including any claim of a Non-Defaulting Lender as a result of such Non-             Defaulting Lender’s increased exposure following such reallocation.                     (v)   Cash Collateral, Repayment of Swingline Loans.  If the              reallocation described in clause (a)(iv) above cannot, or can only partially, be    NYDOCS02/1161559.5                   84  

 

                                                            EXECUTION COPY               effected, the Borrowers shall, without prejudice to any right or remedy available              to it hereunder or under applicable Law, (x) first, prepay Swingline Loans in an              amount equal to the Swingline Lenders’ Fronting Exposure and (y) second, Cash              Collateralize the L/C Issuers’ Fronting Exposure in accordance with the              procedures set forth in Section 2.14.                     (vi)  Replacement.  The Defaulting Lender may be replaced and its              interests assigned as provided in Section 11.13.                     (vii) Termination of Commitments.  So long as no Event of Default              shall exist immediately before or immediately after giving effect thereto, the              Borrowers may, with the consent of the Administrative Agent, in its discretion,              elect to terminate the commitments of the Defaulting Lender, and repay its share              of outstanding Revolving Loan Obligations (and reallocate its participation              interests in L/C Obligations and Swingline Loans), on a non-pro rata basis.               (b)   Defaulting Lender Cure.  If the Borrowers, the Administrative Agent,        Swingline Lenders and the L/C Issuer agree in writing that a Lender is no longer a        Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon        as of the effective date specified in such notice and subject to any conditions set forth        therein (which may include arrangements with respect to any Cash Collateral), that        Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of        the other Lenders or take such other actions as the Administrative Agent may determine        to be necessary to cause the Loans and funded and unfunded participations in Letters of        Credit and Swingline Loans to be held on a pro rata basis by the Lenders in accordance        with their Revolving Commitment Percentages (without giving effect to Section        2.15(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that        no adjustments will be made retroactively with respect to fees accrued or payments made        by or on behalf of the Borrowers while that Lender was a Defaulting Lender; and        provided; further, that except to the extent otherwise expressly agreed by the affected        parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver        or release of any claim of any party hereunder arising from that Lender’s having been a        Defaulting Lender.                                   ARTICLE III                                                            TAXES, YIELD PROTECTION AND ILLEGALITY         3.01  Taxes.               (a)   Payments Free of Taxes; Obligation to Withhold; Payments on Account of        Taxes.                     (i)   Any and all payments by or on account of any obligation of any              Credit Party under any Credit Document shall be made without deduction or              withholding for any Taxes, except as required by applicable Laws.  If any              applicable Laws (as determined in the good faith discretion of the Administrative    NYDOCS02/1161559.5                   85  

 

                                                            EXECUTION COPY               Agent) require the deduction or withholding of any Tax from any such payment              by the Administrative Agent or a Credit Party, then the Administrative Agent or              such Credit Party shall be entitled to make such deduction or withholding, upon              the basis of the information and documentation to be delivered pursuant to              subsection (e) below.                     (ii)  If any Credit Party or the Administrative Agent shall be required              by the Internal Revenue Code to withhold or deduct any Taxes, including both              United States federal backup withholding and withholding taxes, from any              payment, then (A) the Administrative Agent shall withhold or make such              deductions as are determined by the Administrative Agent to be required based              upon the information and documentation it has received pursuant to subsection (e)              below, (B) the Administrative Agent shall timely pay the full amount withheld or              deducted to the relevant Governmental Authority in accordance with the Internal              Revenue Code, and (C) to the extent that the withholding or deduction is made on              account of Indemnified Taxes, the sum payable by the applicable Credit Party              shall be increased as necessary so that after any required withholding or the              making of all required deductions (including deductions applicable to additional              sums payable under this Section 3.01) the applicable Recipient receives an              amount equal to the sum it would have received had no such withholding or              deduction been made.                     (iii) If any Credit Party or the Administrative Agent shall be required              by any applicable Laws other than the Internal Revenue Code to withhold or              deduct any Taxes from any payment, then (A) such Credit Party or the              Administrative Agent, as required by such Laws, shall withhold or make such              deductions as are determined by it to be required based upon the information and              documentation it has received pursuant to subsection (e) below, (B) such Credit              Party or the Administrative Agent, to the extent required by such Laws, shall              timely pay the full amount withheld or deducted to the relevant Governmental              Authority in accordance with such Laws, and (C) to the extent that the              withholding or deduction is made on account of Indemnified Taxes, the sum              payable by the applicable Credit Party shall be increased as  necessary so that              after any required withholding or the making of all required deductions (including              deductions applicable to additional sums payable under this Section 3.01) the              applicable Recipient receives an amount equal to the sum it would have received              had no such withholding or deduction been made.               (b)   Payment of Other Taxes by the Credit Parties.  Without limiting the        provisions of subsection (a) above, the Credit Parties shall timely pay to the relevant        Governmental Authority in accordance with applicable law, or at the option of the        Administrative Agent timely reimburse it for the payment of, any Other Taxes.               (c)   Tax Indemnification.                     (i)   Each of the Credit Parties shall, and does hereby, jointly and              severally indemnify each Recipient, and shall make payment in respect thereof    NYDOCS02/1161559.5                   86  

 

                                                            EXECUTION COPY               within thirty (30) days after demand therefor, for the full amount of any              Indemnified Taxes (including Indemnified Taxes imposed or asserted on or              attributable to amounts payable under this Section 3.01) payable or paid by such              Recipient or required to be withheld or deducted from a payment to such              Recipient, and any penalties, interest and reasonable expenses arising therefrom              or with respect thereto, whether or not such Indemnified Taxes were correctly or              legally imposed or asserted by the relevant Governmental Authority.  A certificate              as to the amount of such payment or liability delivered to the Borrowers by a              Lender or the L/C Issuer (with a copy to the Administrative Agent), or by the              Administrative Agent on its own behalf or on behalf of a Lender or the L/C              Issuer, shall be conclusive absent manifest error.  Each of the Credit Parties shall              also, and does hereby, jointly and severally indemnify the Administrative Agent,              and shall make payment in respect thereof within thirty (30) days after demand              therefor, for any amount which a Lender or the L/C Issuer for any reason fails to              pay indefeasibly to the Administrative Agent as required pursuant to Section              3.01(c)(ii) below.                     (ii)  Each Lender and the L/C Issuer shall, and does hereby, severally              indemnify and shall make payment in respect thereof within thirty (30) days after              demand therefor, (A) the Administrative Agent against any Indemnified Taxes              attributable to such Lender or the L/C Issuer (but only to the extent that any              Credit Party has not already indemnified the Administrative Agent for such              Indemnified Taxes and without limiting the obligation of the Credit Parties to do              so), (B) the Administrative Agent and the Credit Parties, as applicable, against              any Taxes attributable to such Lender’s failure to comply with the provisions of              Section 11.06(d) relating to the maintenance of a Participant Register and (C) the              Administrative Agent and the Credit Parties, as applicable, against any Excluded              Taxes attributable to such Lender or the L/C Issuer, in each case, that are payable              or paid by the Administrative Agent or a Credit Party in connection with any              Credit Document, and any reasonable expenses arising therefrom or with respect              thereto, whether or not such Taxes were correctly or legally imposed or asserted              by the relevant Governmental Authority.  A certificate as to the amount of such              payment or liability delivered to any Lender by the Administrative Agent shall be              conclusive absent manifest error.  Each Lender and the L/C Issuer hereby              authorizes the Administrative Agent to set off and apply any and all amounts at              any time owing to such Lender or the L/C Issuer, as the case may be, under this              Credit Agreement or any other Credit Document against any amount due to the              Administrative Agent under this clause (ii).               (d)   Evidence of Payments.  Upon request by the Borrowers or the        Administrative Agent, as the case may be, after any payment of Taxes by any Credit        Party or by the Administrative Agent to a Governmental Authority as provided in this        Section 3.01, the Borrowers shall deliver to the Administrative Agent or the        Administrative Agent shall deliver to the Borrowers, as the case may be, the original or a        certified copy of a receipt issued by such Governmental Authority evidencing such        payment, a copy of any return required by Laws to report such payment or other evidence    NYDOCS02/1161559.5                   87  

 

                                                            EXECUTION COPY         of such payment reasonably satisfactory to the Borrowers or the Administrative Agent, as        the case may be.               (e)   Status of Lenders; Tax Documentation.                     (i)   Any Lender that is entitled to an exemption from or reduction of              withholding Tax with respect to payments made under any Credit Document shall              deliver to the Borrowers and the Administrative Agent, at the time or times              reasonably requested by the Borrowers or the Administrative Agent, such              properly completed and executed documentation reasonably requested by the              Borrowers or the Administrative Agent as will permit such payments to be made              without withholding or at a reduced rate of withholding.  In addition, any Lender,              if reasonably requested by the Borrower or the Administrative Agent, shall deliver              such other documentation prescribed by applicable Law or reasonably requested              by the Borrowers or the Administrative Agent as will enable the Borrowers or the              Administrative Agent to determine whether or not such Lender is subject to              backup withholding or information reporting requirements.  Notwithstanding              anything to the contrary in the preceding two sentences, the completion, execution              and submission of such documentation (other than such documentation set forth              in Section 3.01(e)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if in the              Lender’s reasonable judgment such completion, execution or submission would              subject such Lender to any material unreimbursed cost or expense or would              materially prejudice the legal or commercial position of such Lender.                     (ii)  Without limiting the generality of the foregoing, in the event that a              Borrower is a U.S. Person,                           (A)   any Lender that is a U.S. Person shall deliver to the                    Borrower and the Administrative Agent on or prior to the date on which                    such Lender becomes a Lender under this Credit Agreement (and from                    time to time thereafter upon the reasonable request of the Borrower or the                    Administrative Agent), executed originals of IRS Form W-9 certifying                    that such Lender is exempt from U.S. federal backup withholding tax;                           (B)   any Foreign Lender shall, to the extent it is legally entitled                    to do so, deliver to the Borrower and the Administrative Agent (in such                    number of copies as shall be requested by the recipient) on or prior to the                    date on which such Foreign Lender becomes a Lender under this Credit                    Agreement (and from time to time thereafter upon the reasonable request                    of the Borrower or the Administrative Agent), whichever of the following                    is applicable:                                 (1)   in the case of a Foreign Lender claiming the                          benefits of an income tax treaty to which the United States is a                          party (x) with respect to payments of interest under any Credit                          Document, executed originals of IRS Form W-8BEN or W-8BEN-                         E establishing an exemption from, or reduction of, U.S. federal    NYDOCS02/1161559.5                   88  

 

                                                            EXECUTION COPY                           withholding Tax pursuant to the “interest” article of such tax treaty                          and (y) with respect to any other applicable payments under any                          Credit Document, IRS Form W-8BEN or W-8BEN-E establishing                          an exemption from, or reduction of, U.S. federal withholding Tax                          pursuant to the “business profits” or “other income” article of such                          tax treaty;                                 (2)   executed originals of IRS Form W-8ECI;                                 (3)   in the case of a Foreign Lender claiming the                          benefits of the exemption for portfolio interest under Section                          881(c) of the Internal Revenue Code, (x) a certificate substantially                          in the form of Exhibit 3.01-1 to the effect that such Foreign Lender                          is not a “bank” within the meaning of Section 881(c)(3)(A) of the                          Internal Revenue Code, a “10 percent shareholder” of the                          Borrower within the meaning of Section 881(c)(3)(B) of the                          Internal Revenue Code, or a “controlled foreign corporation”                          described in Section 881(c)(3)(C) of the Internal Revenue Code (a                          “U.S. Tax Compliance Certificate”) and (y) executed originals of                           IRS Form -8BEN or W-8BEN-E,; or                                 (4)   to the extent a Foreign Lender is not the beneficial                          owner, executed originals of IRS Form W-8IMY, accompanied by                          IRS Form W-8ECI, IRS Form -8BEN or W-8BEN-E, a U.S. Tax                          Compliance Certificate substantially in the form of Exhibit 3.01-2                          or Exhibit 3.01-3, IRS Form W-9, and/or other certification                          documents from each beneficial owner, as applicable; provided                          that if the Foreign Lender is a partnership and one or more direct                          or indirect partners of such Foreign Lender are claiming the                          portfolio interest exemption, such Foreign Lender may provide a                          U.S. Tax Compliance Certificate substantially in the form of                          Exhibit 3.01-4 on behalf of each such direct and indirect partner;                           (C)   any Foreign Lender shall, to the extent it is legally entitled                    to do so, deliver to the Borrower and the Administrative Agent (in such                    number of copies as shall be requested by the recipient) on or prior to the                    date on which such Foreign Lender becomes a Lender under this Credit                    Agreement (and from time to time thereafter upon the reasonable request                    of the Borrower or the Administrative Agent), executed originals of any                    other form prescribed by applicable Law as a basis for claiming exemption                    from or a reduction in U.S. federal withholding Tax, duly completed,                    together with such supplementary documentation as may be prescribed by                    applicable Law to permit the Borrower or the Administrative Agent to                    determine the withholding or deduction required to be made.; and                           (D)   if a payment made to a Lender under any Credit Document                    would be subject to U.S. federal withholding Tax imposed by FATCA if    NYDOCS02/1161559.5                   89  

 

                                                            EXECUTION COPY                     such Lender were to fail to comply with the applicable reporting                    requirements of FATCA (including those contained in Section 1471(b) or                    1472(b) of the Internal Revenue Code, as applicable), such Lender shall                    deliver to the Borrower and the Administrative Agent at the time or times                    prescribed by law and at such time or times reasonably requested by the                    Borrower or the Administrative Agent such documentation prescribed by                    applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the                    Internal Revenue Code) and such additional documentation reasonably                    requested by the Borrower or the Administrative Agent as may be                    necessary for the Borrower and the Administrative Agent to comply with                    their obligations under FATCA and to determine that such Lender has                    complied with such Lender’s obligations under FATCA or to determine                    the amount to deduct and withhold from such payment.  Solely for                    purposes of this clause (D), “FATCA” shall include any amendments                    made to FATCA after the date of this Credit Agreement.                     (iii) Each Lender agrees that if any form or certification it previously              delivered pursuant to this Section 3.01 expires or becomes obsolete or inaccurate              in any respect, it shall update such form or certification or promptly notify the              Borrower and the Administrative Agent in writing of its legal inability to do so.                     (iv)  Each Borrower shall promptly deliver to the Administrative Agent              or any Lender, as the Administrative Agent or such Lender shall reasonably              request, on or prior to the Closing Date (or such later date on which it first              becomes a Borrower), and in a timely fashion thereafter, such documents and              forms required by any relevant taxing authorities under the Laws of any              jurisdiction, duly executed and completed by such Borrower, as are required to be              furnished by such Lender or the Administrative Agent under such Laws in              connection with any payment by the Administrative Agent or any Lender of              Taxes or Other Taxes, or otherwise in connection with the Credit Documents,              with respect to such jurisdiction.               (f)   Treatment of Certain Refunds.  Unless required by applicable Laws, at no        time shall the Administrative Agent have any obligation to file for or otherwise pursue on        behalf of a Lender or an L/C Issuer, or have any obligation to pay to any Lender or L/C        Issuer, any refund of Taxes withheld or deducted from funds paid for the account of such        Lender or L/C Issuer, as the case may be.  If any Recipient determines, in its sole        discretion exercised in good faith, that it has received a refund of any Taxes as to which it        has been indemnified by any Credit Party or with respect to which any Credit Party has        paid additional amounts pursuant to this Section 3.01, it shall pay to such Credit Party an        amount equal to such refund (but only to the extent of indemnity payments made, or        additional amounts paid, by such Credit Party under this Section 3.01 with respect to the        Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes)        incurred by such Recipient, as the case may be, and without interest (other than any        interest paid by the relevant Governmental Authority with respect to such refund),        provided that each Credit Party, upon the request of the Recipient, agrees to repay the        amount paid over to such Credit Party (plus any penalties, interest or other charges    NYDOCS02/1161559.5                   90  

 

                                                            EXECUTION COPY         imposed by the relevant Governmental Authority) to the Recipient in the event the        Recipient is required to repay such refund to such Governmental Authority.         Notwithstanding anything to the contrary in this subsection, in no event will the        applicable Recipient be required to pay any amount to such Credit Party pursuant to this        subsection the payment of which would place the Recipient in a less favorable net after-       Tax position than such Recipient would have been in if the Tax subject to        indemnification and giving rise to such refund had not been deducted, withheld or        otherwise imposed and the indemnification payments or additional amounts with respect        to such Tax had never been paid.  This subsection shall not be construed to require any        Recipient to make available its tax returns (or any other information relating to its taxes        that it deems confidential) to any Credit Party or any other Person.               (g)   Survival.  Each party’s obligations under this Section 3.01 shall survive        the resignation or replacement of the Administrative Agent or any assignment of rights        by, or the replacement of, a Lender or the L/C Issuer, the termination of the Revolving        Commitments and the repayment, satisfaction or discharge of all other Obligations.         3.02  Illegality and Designated Lenders.               (a)   Illegality.  If any Lender determines that any Law has made it unlawful, or        that any Governmental Authority has asserted that it is unlawful, for any Lender or its        applicable Lending Office to make, maintain or fund Loans whose interest is determined        by reference to the Fixed LIBOR Rate (whether denominated in Dollars or an Alternative        Currency), or to determine or charge interest rates based upon the Fixed LIBOR Rate, or        any Governmental Authority has imposed material restrictions on the authority of such        Lender to purchase or sell, or to take deposits of, Dollars or any Alternative Currency in        the applicable interbank market, then, on notice thereof by such Lender to the applicable        Borrower through the Administrative Agent, (a) any obligation of such Lender to make or        continue Fixed LIBOR Rate Loans in the affected currency or currencies or, in the case        of Fixed LIBOR Rate Loans in Dollars, to convert Base Rate Loans to Fixed LIBOR Rate        Loans shall be suspended and (b) if such notice asserts the illegality of such Lender        making or maintaining Base Rate Loans the interest rate on which is determined by        reference to the Fixed LIBOR Rate component of the Base Rate, the interest rate on        which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be        determined by the Administrative Agent without reference to the Fixed LIBOR Rate        component of the Base Rate, in each case until such Lender notifies the Administrative        Agent and the applicable Borrower that the circumstances giving rise to such        determination no longer exist.  Upon receipt of such notice, (x) the applicable Borrower        shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay        or, if applicable and such Loans are denominated in Dollars, convert all of such Lender’s        Fixed LIBOR Rate Loans to Base Rate Loans (the interest rate on which Base Rate Loans        of such Lender shall, if necessary to avoid such illegality, be determined by the        Administrative Agent without reference to the Fixed LIBOR Rate component of the Base        Rate), either on the last day of the Interest Period therefor, if such Lender may lawfully        continue to maintain such Fixed LIBOR Rate Loans to such day, or immediately, if such        Lender may not lawfully continue to maintain such Fixed LIBOR Rate Loans and (y) if        such notice asserts the illegality of such Lender determining or charging interest rates    NYDOCS02/1161559.5                   91  

 

                                                            EXECUTION COPY         based upon the Fixed LIBOR Rate, the Administrative Agent shall during the period of        such suspension compute the Base Rate applicable to such Lender without reference to        the Fixed LIBOR Rate component thereof until the Administrative Agent is advised in        writing by such Lender that it is no longer illegal for such Lender to determine or charge        interest rates based upon the Fixed LIBOR Rate.  Upon any such prepayment or        conversion, the applicable Borrower shall also pay accrued interest on the amount so        prepaid or converted.               (b)   Designated Lenders and Illegality.  Each Lender at its option may make        any Credit Extension to any Borrower by causing any domestic or foreign branch or        Affiliate of such Lender (each a “Designated Lender”) to make such Credit Extension        (and in the case of an Affiliate, the provisions of Sections 3.01 through 3.05 and 11.04        shall apply to such Affiliate to the same extent as to such Lender); provided that any        exercise of such option shall not affect the obligation of the relevant Borrower to repay        such Credit Extension in accordance with the terms of this Credit Agreement; provided,        however, if any Lender or any Designated Lender determines that any Law has made it        unlawful, or that any Governmental Authority has asserted that it is unlawful, for any        Lender or its applicable Designated Lender to perform its obligations hereunder or to        issue, make, maintain, fund or charge interest with respect to any Credit Extension to any        Designated Borrower who is organized under the laws of a jurisdiction other than the        United States, a State thereof or the District of Columbia then, on notice thereof by such        Lender to EWI through the Administrative Agent, and until such notice by such Lender is        revoked, any obligation of such Lender to issue, make, maintain, fund or charge interest        with respect to any such Credit Extension shall be suspended.  Upon receipt of such        notice, the Credit Parties shall, take all reasonable actions requested by such Lender to        mitigate or avoid such illegality.         3.03  Inability to Determine Rates.               (a)   If in connection with any request for a Fixed LIBOR Rate Loan or a        conversion to or continuation thereof (i) the Administrative Agent determines that (A)        deposits in the applicable currency are not being offered to banks in the applicable        offshore interbank market for the applicable currency, the applicable amount or the        applicable Interest Period for such Fixed LIBOR Rate Loan, (B) adequate and reasonable        means do not exist for determining the Fixed LIBOR Base Rate for any requested Interest        Period with respect to a proposed Fixed LIBOR Rate Loan or in connection with an        existing or proposed Base Rate Loan (in each case with respect to clause (i), “Impacted        Loans”), or (ii) the Administrative Agent or the Required Lenders determine that for any        reason the Fixed LIBOR Rate for the applicable currency for any requested Interest        Period with respect to a proposed Fixed LIBOR Rate Loan, or in connection with an        existing or proposed Base Rate Loan which is based on the Fixed LIBOR Rate, does not        adequately and fairly reflect the cost to such Lenders of funding such Loan, the        Administrative Agent will promptly notify the affected Borrowers and Lenders.         Thereafter, (x) the obligation of the Lenders to make or maintain such Fixed LIBOR Rate        Loans in the affected currency or currencies shall be suspended (to the extent of the        affected Fixed LIBOR Rate Loans or Interest Periods) and (y) in the event of a        determination described in the preceding sentence with respect to the Fixed LIBOR Rate    NYDOCS02/1161559.5                   92  

 

                                                            EXECUTION COPY         component of the Base Rate, the utilization of the Fixed LIBOR Rate component in        determining the Base Rate shall be suspended, in each case until the Administrative        Agent (upon the instruction of the Required Lenders) revokes such notice.  Upon receipt        of such notice, the Borrowers may revoke any pending request for a Borrowing of,        conversion to or continuation of Fixed LIBOR Rate Loans in the affected currency or        currencies in respect thereof or, failing that, will be deemed to have converted such        request into a request for a Borrowing of Base Rate Loans or unaffected Fixed LIBOR        Rate Loans, as appropriate, in the amount specified therein.               (b)   Notwithstanding the foregoing, if the Administrative Agent has made the        determination described in clause (a)(i) of this Section, the Administrative Agent in        consultation with the Borrower and the affected Lenders, may establish an alternative        interest rate for the Impacted Loans, in which case, such alternative rate of interest shall        apply with respect to the Impacted Loans until (1) the Administrative Agent revokes the        notice delivered with respect to the Impacted Loans under clause (a)(i) of this Section, (2)        the Administrative Agent or the affected Lenders notify the Administrative Agent and the        Borrowers that such alternative interest rate does not adequately and fairly reflect the cost        of funding the Impacted Loans, or (3) any Lender determines that any Law has made it        unlawful, or that any Governmental Authority has asserted that it is unlawful, for such        Lender or its applicable Lending Office to make, maintain or fund Loans whose interest        is determined by reference to such alternative rate of interest or to determine or charge        interest rates based upon such rate or any Governmental Authority has imposed material        restrictions on the authority of such Lender to do any of the foregoing and provides the        Administrative Agent and the Borrowers written notice thereof.               (c)   Notwithstanding anything to the contrary in this Credit Agreement or any        other Credit Documents, if the Administrative Agent determines (which determination        shall be conclusive absent manifest error), or the Borrowers or Required Lenders notify        the Administrative Agent (with, in the case of the Required Lenders, a copy to EWI) that        the Borrowers or Required Lenders (as applicable) have determined, that:                     (i)   adequate and reasonable means do not exist for ascertaining              LIBOR for any requested Interest Period because the LIBOR Screen Rate is not              available or published on a current basis and such circumstances are unlikely to              be temporary; or                      (ii)   the administrator of the LIBOR Screen Rate or a Governmental              Authority having jurisdiction over the Administrative Agent has made a public              statement identifying a specific date after which LIBOR or the LIBOR Screen              Rate shall no longer be made available, or used for determining the interest rate of              loans (such specific date, the “Scheduled Unavailability Date”), or                     (iii) syndicated loans currently being executed, or that include language              similar to that contained in this Section, are being executed or amended (as              applicable) to incorporate or adopt a new benchmark interest rate to replace              LIBOR,     NYDOCS02/1161559.5                   93  

 

                                                            EXECUTION COPY   then, reasonably promptly after such determination by the Administrative Agent or receipt by the  Administrative Agent of such notice , as applicable, the Administrative Agent and EWI may  amend this Credit Agreement to replace LIBOR with an alternate benchmark rate (including any  mathematical or other adjustments to the benchmark (if any) incorporated therein), giving due  consideration to any evolving or then existing convention for similar U.S. dollar denominated  syndicated credit facilities for such alternative benchmarks (any such proposed rate, a “LIBOR  Successor Rate”), together with any proposed LIBOR Successor Rate Conforming Changes (as  defined below) and any such amendment shall become effective at 5:00 p.m. (New York time)  on the fifth Business Day after the Administrative Agent shall have posted such proposed  amendment to all Lenders and EWI unless, prior to such time, Lenders comprising the Required  Lenders have delivered to the Administrative Agent written notice that such Required Lenders  do not accept such amendment and specifying the specific provisions to which they object.     If no LIBOR Successor Rate has been determined and the circumstances under clause (i) above  exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative  Agent will promptly so notify EWI and each Lender.  Thereafter, (x) the obligation of the  Lenders to make or maintain LIBOR Rate Loans shall be suspended, (to the extent of the  affected LIBOR Rate Loans or Interest Periods), and (y) the Fixed LIBOR Rate component shall  no longer be utilized in determining the Base Rate.  Upon receipt of such notice, the Borrowers  may revoke any pending request for a Borrowing of, conversion to or continuation of LIBOR  Rate Loans (to the extent of the affected LIBOR Rate Loans or Interest Periods) or, failing that,  will be deemed to have converted such request into a request for a Borrowing of Base Rate  Loans (subject to the foregoing clause (y)) in the amount specified therein.   Notwithstanding anything else herein, any definition of LIBOR Successor Rate shall provide that  in no event shall such LIBOR Successor Rate be less than zero for purposes of this Credit  Agreement.   As used above:          “LIBOR” means the London interbank offered rate.         “LIBOR Screen Rate” means the LIBOR quote on the applicable screen page the  Administrative Agent designates to determine LIBOR (or such other commercially available  source providing such quotations as may be designated by the Administrative Agent from time to  time).         “LIBOR Successor Rate Conforming Changes” means, with respect to any proposed  LIBOR Successor Rate, any conforming changes to the definition of Base Rate, Interest Period,  timing and frequency of determining rates and making payments of interest and other  administrative matters as may be appropriate, in the discretion of the Administrative Agent, to  reflect the adoption of such LIBOR Successor Rate and to permit the administration thereof by  the Administrative Agent in a manner substantially consistent with market practice (or, if the  Administrative Agent determines that adoption of any portion of such market practice is not  administratively feasible or that no market practice for the administration of such LIBOR  Successor Rate exists, in such other manner of administration as the Administrative Agent  determines in consultation with EWI).      NYDOCS02/1161559.5                   94  

 

                                                            EXECUTION COPY            3.04  Increased Cost; Capital Adequacy.               (a)   Increased Costs Generally.  If any Change in Law shall:                     (i)   impose, modify or deem applicable any reserve, special deposit,              compulsory loan, insurance charge or similar requirement against assets of,              deposits with or for the account of, or credit extended or participated in by, any              Lender (except  any reserve requirement reflected in the Fixed LIBOR Rate) or              the L/C Issuer;                     (ii)  subject any Recipient to any Taxes (other than (A) Indemnified              Taxes, (B) Taxes described in clauses (b) through (d) of the definition of              Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal,              letters of credit, commitments, or other obligations, or its deposits, reserves, other              liabilities or capital attributable thereto; or                     (iii) impose on any Lender or L/C Issuer or the London interbank              market any other condition, cost or expense affecting this Credit Agreement or              Fixed LIBOR Rate Loans made by such Lender or any Letter of Credit or              participation therein;   and the result of any of the foregoing shall be to increase the cost to such Lender of making,  converting to, continuing or maintaining any Loan, the interest on which is determined by  reference to the Fixed LIBOR Rate (or of maintaining its obligation to make any such Loan), or  to increase the cost to such Lender or L/C Issuer of participating in, issuing or maintaining any  Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit),  or to reduce the amount of any sum received or receivable by such Lender or L/C Issuer  hereunder (whether of principal, interest or any other amount) then, upon request of such Lender  or L/C Issuer, the Borrower will pay (or cause the applicable Designated Borrower to pay) to  such Lender or L/C Issuer, as the case may be, such additional amount or amounts as will  compensate such Lender or L/C Issuer, as the case may be, for such additional costs incurred or  reduction suffered.               (b)   Capital Requirements.  If any Lender or L/C Issuer determines that any        Change in Law affecting such Lender or L/C Issuer or any Lending Office of such        Lender or such Lender’s or L/C Issuer’s holding company, if any, regarding capital or        liquidity requirements has or would have the effect of reducing the rate of return on such        Lender’s or L/C Issuer’s capital or on the capital of such Lender’s or L/C Issuer’s holding        company, if any, as a consequence of this Credit Agreement, the Revolving        Commitments of such Lender or the Loans made by, or participations in Letters of Credit        or Swingline Loans held by, such Lender, or the Letters of Credit issued by L/C Issuer, to        a level below that which such Lender or L/C Issuer or such Lender’s or L/C Issuer’s        holding company could have achieved but for such Change in Law (taking into        consideration such Lender’s or L/C Issuer’s policies and the policies of such Lender’s or        L/C Issuer’s holding company with respect to capital adequacy), then from time to time    NYDOCS02/1161559.5                   95  

 

                                                            EXECUTION COPY         upon request of such Lender or L/C Issuer, the applicable Borrower will pay (or cause the        applicable Designated Borrower to pay) to such Lender or L/C Issuer, as the case may be,        such additional amount or amounts as will compensate such Lender or L/C Issuer or such        Lender’s or L/C Issuer’s holding company for any such reduction suffered.               (c)   Certificates for Reimbursement.  A certificate of a Lender or L/C Issuer        setting forth in reasonable detail (i) a description of the Change in Law, (ii) the amount or        amounts necessary to compensate such Lender or L/C Issuer or its holding company, as        the case may be, as specified in subsection (a) or (b) of this Section and (iii) the        calculation of such amount or amounts and delivered to the Borrowers shall be        conclusive absent manifest error.  Each Lender and L/C Issuer will calculate such amount        or amounts in good faith and in a commercially reasonable manner.  The Borrowers shall        pay such Lender or L/C Issuer, as the case may be, the amount shown as due on any such        certificate within ten (10) days after receipt thereof.               (d)   Delay in Requests.  Failure or delay on the part of any Lender or L/C        Issuer to demand compensation pursuant to the foregoing provisions of this Section shall        not constitute a waiver of such Lender’s or L/C Issuer’s right to demand such        compensation, provided that the Borrowers shall not be required to compensate a Lender        or L/C Issuer pursuant to the foregoing provisions of this Section for any increased costs        incurred or reductions suffered more than six months prior to the date that such Lender or        L/C Issuer, as the case may be, notifies the Borrowers of the Change in Law giving rise        to such increased costs or reductions and of such Lender’s or L/C Issuer’s intention to        claim compensation therefor (except that, if the Change in Law giving rise to such        increased costs or reductions is retroactive, then the six-month period referred to above        shall be extended to include the period of retroactive effect thereof).               (e)   Reserves on Fixed LIBOR Rate Loans.  The Borrowers shall pay, or cause        to be paid, to each Lender, as long as such Lender shall be required to comply with any        reserve ratio requirement or analogous requirement of any central banking or financial        regulatory authority imposed in respect of the maintenance of the Revolving        Commitments or the funding of the Fixed LIBOR Rate Loans, such additional costs        (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest        five decimal places) equal to the actual costs allocated to such Commitment or Loan by        such Lender (as determined by such Lender in good faith, which determination shall be        conclusive), which shall be due and payable on each date on which interest is payable on        such Loan, provided the Borrowers shall have received at least 10 days’ prior notice        (with a copy to the Administrative Agent) of such additional interest or costs from such        Lender.  If a Lender fails to give notice 10 days prior to the relevant Interest Payment        Date, such additional interest or costs shall be due and payable 10 days from receipt of        such notice.         3.05  Compensation for Losses.  Upon demand of any Lender (with a copy to the  Administrative Agent) from time to time, the Borrowers shall promptly compensate, or cause to  be compensated, such Lender for and hold such Lender harmless from any loss, cost or expense  incurred by it as a result of:    NYDOCS02/1161559.5                   96  

 

                                                            EXECUTION COPY               (a)   any continuation, conversion, payment or prepayment of any Fixed        LIBOR Rate Loan on a day other than the last day of the Interest Period for such Loan        (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise);               (b)   any failure by any Borrower (for a reason other than the failure of such        Lender to make a Loan) to prepay, borrow, continue or convert any Fixed LIBOR Rate        Loan on the date or in the amount notified by such Borrower;               (c)   any failure by any Borrower to make payment of any Loan or drawing        under any Letter of Credit (or interest due thereon) denominated in an Alternative        Currency on its scheduled due date or any payment thereof in a different currency; or               (d)   any assignment of a Fixed LIBOR Rate Loan on a day other than the last        day of the Interest Period therefor as a result of a request by any Borrower pursuant to        Section 11.13;   including any foreign exchange losses and any loss or expense arising from the liquidation or  redeployment of funds obtained by it to maintain such Loan or from fees payable to terminate the  deposits from which such funds were obtained or from the performance of any foreign exchange  contract.  The Borrowers shall also pay, or cause to be paid, any customary administrative fees  charged by such Lender in connection with the foregoing.  Any demand for compensation shall  set forth in reasonable detail the amount and calculation of the loss, cost or expenses claimed.   Each Lender will calculate such amounts in good faith and in a commercially reasonable manner.         For purposes of calculating amounts payable by the Borrowers to the Lenders under this  Section 3.05, each Lender shall be deemed to have funded each Fixed LIBOR Rate Loan made  by it at the Fixed LIBOR Rate used in determining the Fixed LIBOR Rate for such Loan by a  matching deposit or other borrowing in the offshore interbank market for such currency for a  comparable amount and for a comparable period, whether or not such Fixed LIBOR Rate Loan  was in fact so funded.         3.06  Mitigation Obligations; Replacement of Lenders               (a)   Designation of a Different Lending Office.  If any Lender requests        compensation under Section 3.04, or any Borrower is required to pay any Indemnified        Taxes or additional amounts to any Lender (including any L/C Issuer) or any        Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any        Lender (including any L/C Issuer) gives a notice pursuant to Section 3.02, then such        Lender shall use reasonable efforts to designate a different Lending Office for funding or        booking its Loans hereunder or to assign its rights and obligations hereunder to another of        its offices, branches or affiliates, if, in the judgment of such Lender, such designation or        assignment (i) would eliminate or reduce amounts payable pursuant to Sections 3.01 or        3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to        Section 3.02, as applicable, and (ii) in each case, would not subject such Lender to any        unreimbursed cost or expense and would not otherwise be disadvantageous to such        Lender.  The Borrowers hereby agree to pay, or cause to be paid, all reasonable costs and        expenses incurred by any Lender in connection with any such designation or assignment.    NYDOCS02/1161559.5                   97  

 

                                                            EXECUTION COPY               (b)   Replacement of Lenders.  If any Lender requests compensation under        Section 3.04, or if any Borrower is required to pay any Indemnified Taxes or additional        amounts to any Lender or any Governmental Authority for the account of any Lender        pursuant to Section 3.01 and, in each case, such Lender has declined or is unable to        designate a different lending office in accordance with Section 3.06(a), the Borrowers        may replace such Lender in accordance with Section 11.13.         3.07  Survival Losses.  All of the Borrowers’ obligations under this Article III shall  survive termination of the commitments hereunder and repayment of the Revolving Loan  Obligations.                                   ARTICLE IV                                                                             GUARANTY         4.01  The Guaranty.               (a)   Each of the Guarantors hereby jointly and severally guarantees to the        Administrative Agent and each of the holders of the Obligations as hereinafter provided,        as primary obligor and not as surety, the prompt payment of the Obligations (the        “Guaranteed Obligations”) in full when due (whether at stated maturity, as a mandatory        prepayment, by acceleration, as a mandatory cash collateralization or otherwise) strictly        in accordance with the terms thereof.  The Guarantors hereby further agree that if any of        the Obligations are not paid in full when due (whether at stated maturity, as a mandatory        prepayment, by acceleration, as a mandatory cash collateralization or otherwise), the        Guarantors will, jointly and severally, promptly pay the same, without any demand or        notice whatsoever, and that in the case of any extension of time of payment or renewal of        any of the Obligations, the same will be promptly paid in full when due (whether at        extended maturity, as a mandatory prepayment, by acceleration, as a mandatory cash        collateralization or otherwise) in accordance with the terms of such extension or renewal.               (b)   Notwithstanding any provision to the contrary contained herein or in any        other of the Credit Documents, Swap Contracts, Treasury Management Agreements or        other documents relating to the Guaranteed Obligations, (i) the obligations of each        Guarantor (in its capacity as such) under this Credit Agreement and the other Credit        Documents shall be limited to an aggregate amount equal to the largest amount that        would not render such obligations subject to avoidance under the Debtor Relief Laws or        any comparable provisions of any applicable Law and (ii) the Guaranteed Obligations of        a Guarantor shall exclude any Excluded Swap Obligations of such Guarantor.         4.02  Obligations Unconditional.               (a)   The obligations of the Guarantors under Section 4.01 are joint and several,        absolute and unconditional, irrespective of the value, genuineness, validity, regularity or        enforceability of any of the Credit Documents or other documents relating to the        Obligations, or any substitution, compromise, release, impairment or exchange of any        other guarantee of or security for any of the Obligations, and, to the fullest extent    NYDOCS02/1161559.5                   98  

 

                                                            EXECUTION COPY         permitted by applicable Law, irrespective of any other circumstance whatsoever that        might otherwise constitute a legal or equitable discharge or defense of a surety or        guarantor, it being the intent of this Section 4.02 that the obligations of the Guarantors        hereunder shall be absolute and unconditional under any and all circumstances.  Each        Guarantor agrees that it shall have no right of subrogation, indemnity, reimbursement or        contribution against the Borrowers or any other Guarantor for amounts paid under this        Article IV until such time as the Obligations have been irrevocably paid in full and the        commitments relating thereto have expired or terminated.               (b)   Without limiting the generality of the foregoing subsection, it is agreed        that, to the fullest extent permitted by Law, the occurrence of any one or more of the        following shall not alter or impair the liability of any Guarantor hereunder, which shall        remain absolute and unconditional as described above:                     (i)   at any time or from time to time, without notice to any Guarantor,              the time for any performance of or compliance with any of the Obligations shall              be extended, or such performance or compliance shall be waived;                     (ii)  any of the acts mentioned in any of the provisions of any of the              Credit Documents, or other documents relating to the Obligations or any other              agreement or instrument referred to therein shall be done or omitted;                     (iii) the maturity of any of the Obligations shall be accelerated, or any              of the Obligations shall be modified, supplemented or amended in any respect, or              any right under any of the Credit Documents or any other documents relating to              the Obligations or any other agreement or instrument referred to therein shall be              waived or any other guarantee of any of the Obligations or any security therefor              shall be released, impaired or exchanged in whole or in part or otherwise dealt              with;                     (iv)  any Lien granted to, or in favor of, the Administrative Agent or              any holder of the Obligations as security for any of the Obligations shall fail to              attach or be perfected; or                     (v)   any of the Obligations shall be determined to be void or voidable              (including for the benefit of any creditor of any Guarantor) or shall be              subordinated to the claims of any Person (including any creditor of any              Guarantor).               (c)   With respect to its obligations hereunder, each Guarantor hereby expressly        waives diligence, presentment, demand of payment, protest, notice of acceptance of the        guaranty given hereby and of extensions of credit that may constitute obligations        guaranteed hereby, notices of amendments, waivers, consents and supplements to the        Credit Documents and other documents relating to the Obligations, or the compromise,        release or exchange of collateral or security, and all other notices whatsoever, and any        requirement that the Administrative Agent or any holder of the Obligations exhaust any        right, power or remedy or proceed against any Person under any of the Credit Documents    NYDOCS02/1161559.5                   99  

 

                                                            EXECUTION COPY         or any other documents relating to the Obligations or any other agreement or instrument        referred to therein, or against any other Person under any other guarantee of, or security        for, any of the Obligations.         4.03  Reinstatement.  Neither the Guarantors’ obligations hereunder nor any remedy for  the enforcement thereof shall be impaired, modified, changed or released in any manner  whatsoever by an impairment, modification, change, release or limitation of the liability of the  Borrowers, by reason of any Borrower’s bankruptcy or insolvency or by reason of the invalidity  or unenforceability of all or any portion of the Obligations.  In addition, the obligations of each  Guarantor under this Article IV shall be automatically reinstated if and to the extent that for any  reason any payment by or on behalf of any Person in respect of the Obligations is rescinded or  must be otherwise restored by any holder of any of the Obligations, whether as a result of any  Debtor Relief Law or otherwise, and each Guarantor agrees that it will indemnify the  Administrative Agent and each holder of the Obligations on demand for all reasonable costs and  expenses (including reasonable attorneys’ fees and disbursements) incurred by the  Administrative Agent or such holder of the Obligations in connection with such rescission or  restoration, including any such costs and expenses incurred in defending against any claim  alleging that such payment constituted a preference, fraudulent transfer or similar payment under  any Debtor Relief Law.         4.04  Certain Waivers.  Each Guarantor acknowledges and agrees that (a) the guaranty  given hereby may be enforced without the necessity of resorting to or otherwise exhausting  remedies in respect of any other security or collateral interests, and without the necessity at any  time of having to take recourse against the Borrowers hereunder or against any collateral  securing the Obligations or otherwise, and (b) it will not assert any right to require the action first  be taken against the Borrowers or any other Person (including any co-guarantor) or pursuit of  any other remedy or enforcement any other right, and (c) nothing contained herein shall prevent  or limit action being taken against the Borrowers hereunder, under the other Credit Documents  or the other documents and agreements relating to the Obligations or from foreclosing on any  security or collateral interests relating hereto or thereto, or from exercising any other rights or  remedies available in respect thereof, if neither the Borrowers nor the Guarantors shall timely  perform their obligations, and the exercise of any such rights and completion of any such  foreclosure proceedings shall not constitute a discharge of the Guarantors’ obligations hereunder  unless as a result thereof, the Obligations shall have been paid in full and the commitments  relating thereto shall have expired or terminated, it being the purpose and intent that the  Guarantors’ obligations hereunder be absolute, irrevocable, independent and unconditional under  all circumstances.  Each Guarantor agrees that it shall have no right of recourse to security for  the Obligations, except through the exercise of rights of subrogation pursuant to Section 4.02 and  through the exercise of rights of contribution pursuant to Section 4.06.         4.05  Remedies.  The Guarantors agree that, to the fullest extent permitted by Law, as  between the Guarantors, on the one hand, and holders of the Obligations, on the other hand, the  Obligations may be declared to be forthwith due and payable as provided in Section 9.02 (and  shall be deemed to have become automatically due and payable in the circumstances specified in  Section 9.02) for purposes of Section 4.01 notwithstanding any stay, injunction or other  prohibition preventing such declaration (or preventing the Obligations from becoming  automatically due and payable) as against any other Person and that, in the event of such    NYDOCS02/1161559.5                   100  

 

                                                            EXECUTION COPY   declaration (or the Obligations being deemed to have become automatically due and payable),  the Obligations (whether or not due and payable by any other Person) shall forthwith become  due and payable by the Guarantors for purposes of Section 4.01.           4.06  Rights of Contribution.  The Guarantors hereby agree as among themselves that,  in connection with payments made hereunder, each Guarantor shall have a right of contribution  from each other Guarantor in accordance with applicable Law.  Such contribution rights shall be  subordinate and subject in right of payment to the Obligations until such time as the Obligations  have been irrevocably paid in full and the commitments relating thereto shall have expired or  been terminated, and none of the Guarantors shall exercise any such contribution rights until the  Obligations have been irrevocably paid in full and the commitments relating thereto shall have  expired or been terminated.         4.07  Guaranty of Payment; Continuing Guaranty.  The guarantee given by the  Guarantors in this Article IV is a guaranty of payment and not of collection, is a continuing  guarantee, and shall apply to all Obligations whenever arising.         4.08  Keepwell.  Subject to the limitations set forth in Section 1.10, each Credit Party  that is a Qualified ECP Guarantor at the time the Guaranty or the grant of a security interest  under the Credit Documents, in either case, by any Specified Credit Party becomes effective with  respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and  irrevocably undertakes to provide such funds or other support to each Specified Credit Party with  respect to such Swap Obligation as may be needed by such Specified Credit Party from time to  time to honor all of its obligations under the Credit Documents in respect of such Swap  Obligation (but, in each case, only up to the maximum amount of such liability that can be  hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings  under this Section 4.08, voidable under applicable law relating to fraudulent conveyance or  fraudulent transfer, and not for any greater amount).  The obligations and undertakings of each  Qualified ECP Guarantor under this Section 4.08 shall remain in full force and effect until the  Guaranteed Obligations have been paid in full and the commitments relating thereto have  expired or terminated.  Subject to the limitations set forth in Section 1.10, each Credit Party  intends this Section 4.08 to constitute, and this Section 4.08 shall be deemed to constitute, a  guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of,  each Specified Credit Party for all purposes of the Commodity Exchange Act.  For the avoidance  of doubt, no Foreign Credit Party shall have any obligation under this Section 4.08 to provide  funds or other support to any Specified Credit Party that is a Domestic Borrower or a Domestic  Subsidiary and this Section 4.08 shall not constitute a “keepwell, support, or other agreement” by  any Foreign Credit Party for the benefit of any Specified Credit Party that is a Domestic  Borrower or a Domestic Subsidiary.         4.09  Release of Subsidiary Guarantors.  Each of the Guarantors other than EWI shall  be released from its obligations under this Article IV upon the request of EWI, subject to (and  certification by EWI that each of the following conditions has been satisfied):               (a)   After giving effect to such release, the Credit Parties shall be in pro forma        compliance with the terms of this Credit Agreement, including without limitation Section        8.03;     NYDOCS02/1161559.5                   101  

 

                                                            EXECUTION COPY               (b)   EWI shall have issued at least $300 million in unsecured and        unguaranteed public senior notes; and                (c)   The public senior notes referred to in clause (b) above shall have obtained        debt ratings, or EWI shall have obtained corporate credit ratings (after giving effect to        such release), from at least two of S&P, Moody’s and Fitch, in each case not lower than        BBB- by S&P, Baa3 by Moody’s and BBB- by Fitch.                                    ARTICLE V                                                         CONDITIONS PRECEDENT TO CREDIT EXTENSIONS         5.01  Conditions of Effectiveness.  This Credit Agreement shall be effective upon  satisfaction of the following conditions precedent in each case in manner satisfactory to the  Administrative Agent and each Lender:               (a)   Credit Documents.  Receipt by the Administrative Agent of executed        counterparts of this Credit Agreement and the other Credit Documents, in each case, duly        executed by the appropriate parties hereto and thereto.               (b)   Opinions of Counsel.  Receipt by the Administrative Agent of favorable        opinions of legal counsel to the Credit Parties, in form, scope and substance reasonably        satisfactory to the Administrative Agent and the Lenders, and including, among other        things, due authorization, execution, delivery of the Credit Documents, and the        enforceability thereof.               (c)   Organization Documents, Resolutions, Etc.  Receipt by the Administrative        Agent of the following:                     (i)   copies of the Organization Documents of each Credit Party              certified to be true and complete as of a recent date by the appropriate              Governmental Authority of the state or other jurisdiction of its organization or              formation, where applicable, and certified by a secretary or assistant secretary of              such Credit Party to be true and correct as of the Closing Date;                     (ii)  such certificates of resolutions or other action, incumbency              certificates and/or other certificates of Responsible Officers of each Credit Party              as the Administrative Agent may reasonably require evidencing the identity,              authority and capacity of each Responsible Officer thereof authorized to act as a              Responsible Officer in connection with this Credit Agreement and the other              Credit Documents to which such Credit Party is a party; and                     (iii) such documents and certifications as the Administrative Agent              may reasonably require to evidence that each Credit Party is duly organized or              formed, and is validly existing, in good standing (where applicable) and qualified              to engage in business in its jurisdiction of organization or formation.    NYDOCS02/1161559.5                   102  

 

                                                            EXECUTION COPY               (d)   Closing Certificate.  Receipt by the Administrative Agent of a certificate        signed by a Responsible Officer of EWI as of the Closing Date certifying that the        conditions specified in subsections (a) and (b) of Section 5.02 have been satisfied as of        the Closing Date.               (e)   KYC Information.  (i) Upon the reasonable request of any Lender made        at least five days prior to the Closing Date, EWI shall have provided or cause to be        provided to such Lender, and such Lender shall be reasonably satisfied with, the        documentation and other information so requested in connection with applicable “know        your customer” and anti-money-laundering rules and regulations, including, without        limitation, the PATRIOT Act, in each case at least five days prior to the Closing Date.                       (ii) At least five days prior to the Closing Date, any Borrower that              qualifies as a “legal entity customer” under the Beneficial Ownership Regulation              shall deliver, to each Lender that so requests, a Beneficial Ownership              Certification in relation to such Borrower.               (f)   Fees.  Payment of all fees and expenses required to be paid on or before        the Closing Date, including the reasonable and documented fees and expenses of counsel        for the Administrative Agent and the Arrangers.  As used herein, “documented” means        such documentation as may be customary, reasonable and appropriate in light of the        circumstances, but which, for purposes of closing, may include a summary statement        with estimates of fees and expenses through a reasonable post-closing period.               (g)   Existing Credit Agreement.  Termination of the commitments, and        payment of all amounts outstanding under the Existing Credit Agreement.  Each of the        Lenders that is a party to the Existing Credit Agreement hereby waives (i) the        requirement of prior notice of the prepayment of all amounts outstanding under such        Existing Credit Agreement and termination of the commitments under such Existing        Credit Agreement and (ii) any right to reimbursement for breakage and redeployment        costs in connection with the prepayment of amounts outstanding under such Existing        Credit Agreement.         Without limiting the generality of the provisions of Section 10.04, for purposes of  determining compliance with the conditions specified in this Section 5.01, each Lender that has  signed this Credit Agreement shall be deemed to have consented to, approved or accepted or to  be satisfied with, each document or other matter required thereunder to be consented to or  approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have  received notice from such Lender prior to the proposed Closing Date specifying its objection  thereto.         5.02  Conditions to all Credit Extensions.  The obligation of each Lender to honor any  Request for Credit Extension is subject to the following conditions precedent:               (a)   The representations and warranties of each Credit Party contained in        Article VI (other than the representations and warranties set forth in Sections 6.06 and        6.07(b)), shall be true and correct in all material respects (other than any representation or    NYDOCS02/1161559.5                   103  

 

                                                            EXECUTION COPY         warranty qualified by materiality or Material Adverse Effect, which shall be true and        correct in all respects as so qualified) on and as of the date of such Credit Extension,        except to the extent that such representations and warranties specifically refer to an        earlier date, in which case they shall be true and correct in all material respects (other        than any representation or warranty qualified by materiality or Material Adverse Effect,        which shall be true and correct in all respects as so qualified) as of such earlier date, and        except that for purposes of this Section 5.02, the representations and warranties contained        in subsections (a) and (b) of Section 6.05 shall be deemed to refer to the most recent        statements furnished pursuant to clauses (a) and (b), respectively, of Section 7.01.               (b)   No Default shall exist immediately before or immediately after giving        effect thereto on a Pro Forma Basis.               (c)   The Administrative Agent, L/C Issuer and/or Swingline Lenders shall        have received a Request for Credit Extension in accordance with the requirements hereof.               (d)   In the case of a Credit Extension to be denominated in an Alternative        Currency, there shall not have occurred any change in national or international financial,        political or economic conditions or currency exchange rates or exchange controls which        in the reasonable opinion of the Administrative Agent, the Required Lenders (in the case        of any Loans to be denominated in an Alternative Currency) or the applicable L/C Issuer        (in the case of any Letter of Credit to be denominated in an Alternative Currency) would        make it impracticable for such Credit Extension to be denominated in the relevant        Alternative Currency.         Each Request for Credit Extension (other than a Loan Notice requesting only a  conversion of Loans to other Types of Loans, or a continuation of Fixed LIBOR Rate Loans)  submitted by the Borrowers shall be deemed to be a representation and warranty by the  Borrowers that the conditions specified in Sections 5.02(a) and (b) have been satisfied on and as  of the date of the applicable Credit Extension.                                   ARTICLE VI                                                               REPRESENTATIONS AND WARRANTIES         Except with respect to (a) the representations and warranties in Sections 6.05 and 6.06  (which are made only by EWI) and (b) the representations and warranties in Section 6.12 (which  are made only by the Foreign Obligors that are a party to this Credit Agreement), each of the  Credit Parties that is a party to this Credit Agreement represents and warrants to the  Administrative Agent and the Lenders that:         6.01  Existence, Qualification and Power.  Such Credit Party (a) is duly organized or  formed and validly existing and (where applicable) in good standing under the Laws of the  jurisdiction of its incorporation or organization, (b) has all requisite power and authority and all  requisite governmental licenses, authorizations, consents and approvals to execute, deliver and  perform its obligations under the Credit Documents to which it is a party and (c) is duly qualified  and is licensed and (where applicable) in good standing under the Laws of each jurisdiction    NYDOCS02/1161559.5                   104  

 

                                                            EXECUTION COPY   where its ownership, lease or operation of properties or the conduct of its business requires such  qualification or license, in each case (other than (A) with respect to clause (a), as to the valid  existence of the Borrowers and (B) with respect to clause (b)), except where, individually or in  the aggregate, the failure to be so organized or formed, validly existing or in good standing, or to  have such power and authority, license, authorization, consent or approval, or to be so qualified,  would not reasonably be expected to have a Material Adverse Effect.         6.02  Authorization; No Contravention.  The execution, delivery and performance by  such Credit Party of each Credit Document to which such Person is party, have been duly  authorized by all necessary corporate or other organizational action, and do not and will not (a)  contravene the terms of any of such Person’s Organization Documents; (b) conflict with or result  in any breach or contravention of, or the creation of any Lien (other than Permitted Liens) under,  or require any payment to be made under (i) any Contractual Obligation to which such Person is  a party or affecting such Person or the properties of such Person or any of its Subsidiaries or (ii)  any order, injunction, writ or decree of any Governmental Authority or any arbitral award to  which such Person or its property is subject; or (c) violate any Law, except with respect to  clauses (b) or (c), to the extent, individually or in the aggregate, that such contravention,  violation, conflict, breach or creation of any Lien or requirement for payment would not  reasonably be expected to result in a Material Adverse Effect.         6.03  Governmental Authorization; Other Consents.  No approval, consent, exemption,  authorization, or other action by, or notice to, or filing with, any Governmental Authority or any  other Person is necessary or required in connection with the execution, delivery or performance  by, or enforcement against, such Credit Party of this Credit Agreement or any other Credit  Document to which such Credit Party is a party (other than as have already been obtained and  are in full force and effect).         6.04  Binding Effect.  This Credit Agreement has been, and each other Credit  Document to which such Credit Party is a party, when delivered hereunder, will have been, duly  executed and delivered by such Credit Party.  This Credit Agreement constitutes, and each other  Credit Document to which such Person is party when so delivered will constitute, a legal, valid  and binding obligation of such Credit Party, enforceable against such Credit Party in accordance  with its terms, except as enforceability may be limited by Debtor Relief Laws and subject to  equitable principles.         6.05  Financial Statements.               (a)   The audited consolidated balance sheet of the Consolidated Group for the        most recent fiscal year ended, and the related consolidated statements of income or        operations, shareholders’ equity and cash flows for such fiscal year, including the notes        thereto (i) were prepared in accordance with GAAP consistently applied throughout the        period covered thereby, except as otherwise expressly noted therein; and (ii) fairly        present in all material respects the financial condition of the Consolidated Group as of the        date thereof and their results of operations for the period covered thereby in accordance        with GAAP consistently applied throughout the period covered thereby, except as        otherwise expressly noted therein.    NYDOCS02/1161559.5                   105  

 

                                                            EXECUTION COPY               (b)   The unaudited consolidated balance sheet of the Consolidated Group for        the most recent fiscal quarter ended, and the related consolidated statements of income or        operations, shareholders’ equity and cash flows for such fiscal quarter (i) were prepared        in accordance with GAAP consistently applied throughout the period covered thereby,        except as otherwise expressly noted therein, and (ii) fairly present in all material respects        the financial condition of the Consolidated Group as of the date thereof and their results        of operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to        the absence of footnotes and to normal year-end audit adjustments.         6.06  No Material Adverse Effect.  Since December 31, 2017, there has been no event  or circumstance, either individually or in the aggregate, that has had or would reasonably be  expected to have a Material Adverse Effect.         6.07  Litigation.  There are no actions, suits, investigations, criminal prosecutions, civil  investigative demands, imposition of criminal or civil fines or penalties, proceedings, claims or  disputes pending or, to the knowledge of such Credit Party after due and diligent investigation or  threatened, at law, in equity, in arbitration or before any Governmental Authority, by or against  such Credit Party, any of its Subsidiaries or against any of their properties or revenues that (a)  purport to affect or pertain to this Credit Agreement or any other Credit Document, or any of the  transactions contemplated hereby, or (b) either individually or in the aggregate would reasonably  be expected to have a Material Adverse Effect.         6.08  Subsidiaries.  As of the Closing Date, such Credit Party has no Subsidiaries other  than those specifically disclosed on Schedule 6.08.         6.09  Margin Regulations; Investment Company Act.               (a)   Such Credit Party is not engaged and will not engage, principally or as one        of their important activities, in the business of purchasing or carrying “margin stock”        (within the meaning of Regulation U issued by the FRB), or extending credit for the        purpose of purchasing or carrying margin stock.               (b)   Neither such Credit Party, any Person Controlling such Credit Party, nor        any of its Subsidiaries are or are required to be registered as an “investment company”        under the Investment Company Act of 1940.         6.10  Disclosure.  (a)  The reports, financial statements, certificates and other written  information furnished by or on behalf of such Credit Party to the Administrative Agent or any  Lender in connection with the transactions contemplated hereby and the negotiation of this  Credit Agreement or delivered hereunder or under any other Credit Document (in each case, as  modified or supplemented by other information so furnished), taken as a whole, do not contain  any material misstatement of fact or omit to state any material fact necessary to make the  statements therein (when taken as a whole), in the light of the circumstances under which they  were made, not misleading; provided that, (a) with respect to projected or pro forma financial  information, such Credit Party represents only that such information was prepared in good faith  based upon assumptions believed to be reasonable at the time of preparation and delivery (it  being understood that such projected information may vary from actual results and that such    NYDOCS02/1161559.5                   106  

 

                                                            EXECUTION COPY   variances may be material) and (b) with respect to general industry information, the foregoing  representation is only to the best of such Credit Party’s knowledge.               (b)  As of the Closing Date, the information included on any Beneficial        Ownership Certification with respect to such Credit Party is true and correct in all        respects.         6.11  Intellectual Property; Licenses, Etc.  Such Credit Party and each of its  Subsidiaries owns, or possesses the right to use, all of the trademarks, service marks, trade  names, copyrights, patents, patent rights, franchises, licenses and other intellectual property  rights (collectively, “IP Rights”) that are reasonably necessary for the operation of their  respective businesses, without conflict with the rights of any other Person, except where the  failure to own or possess such right or the conflict with the rights of others, either individually or  in the aggregate, would not reasonably be expected to have a Material Adverse Effect.  To the  best knowledge of such Credit Party, no slogan or other advertising device, product, process,  method, substance, part or other material now employed, or now contemplated to be employed,  by such Credit Party and its Subsidiaries infringes upon any rights held by any other Person,  except where such infringement, either individually or in the aggregate, would not reasonably be  expected to have a Material Adverse Effect.  No claim or litigation regarding any of the  foregoing is pending or, to the best knowledge of such Credit Party, threatened, that, either  individually or in the aggregate, would reasonably be expected to have a Material Adverse  Effect.         6.12  Representations as to Foreign Obligors.  Each of the Foreign Credit Parties and  Foreign Obligors represents and warrants to the Administrative Agent and the Lenders that:               (a)   Such Foreign Obligor is subject to civil and commercial Laws with respect        to its obligations under this Credit Agreement and the other Credit Documents to which it        is a party (collectively as to such Foreign Obligor, the “Applicable Foreign Obligor        Documents”), and the execution, delivery and performance by such Foreign Obligor of        the Applicable Foreign Obligor Documents constitute and will constitute private and        commercial acts and not public or governmental acts.  Neither such Foreign Obligor nor        any of its property has any immunity from jurisdiction of any court or from any legal        process (whether through service or notice, attachment prior to judgment, attachment in        aid of execution, execution or otherwise) under the laws of the jurisdiction in which such        Foreign Obligor is organized and existing in respect of its obligations under the        Applicable Foreign Obligor Documents.               (b)   The Applicable Foreign Obligor Documents are in proper legal form under        the Laws of the jurisdiction in which such Foreign Obligor is organized and existing for        the enforcement thereof against such Foreign Obligor under the Laws of such        jurisdiction, and to ensure the legality, validity, enforceability, priority or admissibility in        evidence of the Applicable Foreign Obligor Documents.  It is not necessary to ensure the        legality, validity, enforceability, priority or admissibility in evidence of the Applicable        Foreign Obligor Documents that the Applicable Foreign Obligor Documents be filed,        registered or recorded with, or executed or notarized before, any court or other authority        in the jurisdiction in which such Foreign Obligor is organized and existing or that any    NYDOCS02/1161559.5                   107  

 

                                                            EXECUTION COPY         registration charge or stamp or similar tax be paid on or in respect of the Applicable        Foreign Obligor Documents or any other document, except for (i) any such filing,        registration, recording, execution or notarization as has been made or is not required to be        made until the Applicable Foreign Obligor Document or any other document is sought to        be enforced and (ii) any charge or tax as has been timely paid.               (c)   There is no material tax, levy, impost, duty, fee, assessment or other        governmental charge, or any deduction or withholding, imposed by any Governmental        Authority in or of the jurisdiction in which such Foreign Obligor is organized and        existing either (i) on or by virtue of the execution or delivery of the Applicable Foreign        Obligor Documents or (ii) on any payment to be made by such Foreign Obligor pursuant        to the Applicable Foreign Obligor Documents, except as has been disclosed to the        Administrative Agent.               (d)   The execution, delivery and performance of the Applicable Foreign        Obligor Documents executed by such Foreign Obligor are, under applicable foreign        exchange control regulations of the jurisdiction in which such Foreign Obligor is        organized and existing, not subject to any notification or authorization except (i) such as        have been made or obtained or (ii) such as cannot be made or obtained until a later date        (provided that any notification or authorization described in clause (ii) shall be made or        obtained as soon as is reasonably practicable).               (e)   If such Foreign Credit Party or Foreign Obligor is a Dutch Obligor, such        Foreign Credit Party or Foreign Obligor has given any works council (ondernemingsraad)        that under the Works Councils Act (Wet op de ondernemingsraden) has the right to give        advice in relation to the entry into and performance of the Credit Documents, the        opportunity to give such advice and has obtained unconditional positive advice from such        works council.         6.13  Sanctions.  No Credit Party, nor any Subsidiary of a Credit Party, nor to the  knowledge of the Credit Parties and their Subsidiaries, any director, officer, employee, agent,  affiliate or representative thereof is an individual or entity currently the subject of any Sanctions,  nor is any Credit Party or any Subsidiary of a Credit Party unlawfully located, organized or  resident in a Designated Jurisdiction.         6.14  Anti-Corruption.  The Credit Parties and their Subsidiaries have implemented and  maintain group-wide policies and procedures reasonably designed to promote and achieve  compliance with the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act  2010 and other applicable anti-corruption legislation in other jurisdictions (collectively, the  “Anti-Corruption Laws”).  The Credit Parties and their Subsidiaries are in compliance with  applicable Anti-Corruption Laws, except to the extent that failure to comply therewith would not  reasonably be expected to have a Material Adverse Effect.    NYDOCS02/1161559.5                   108  

 

                                                            EXECUTION COPY                                   ARTICLE VII                                                                     AFFIRMATIVE COVENANTS         Until the Revolving Loan Obligations shall have been paid in full or otherwise satisfied,  and the Revolving Commitments hereunder shall have expired or been terminated, each of the  Credit Parties will, and (except in the case of the covenants set forth in Sections 7.01, 7.02 and  7.03) will cause each of its Subsidiaries to:         7.01  Financial Statements.  Deliver to the Administrative Agent for further distribution  to the Lenders, in form and detail reasonably satisfactory to the Administrative Agent and the  Required Lenders:               (a)   not later than the earlier of (i) the date such deliveries are required by the        SEC and (ii) ninety days after the end of each fiscal year of EWI, consolidated balance        sheets of the Consolidated Group as at the end of such fiscal year (beginning with the        fiscal year ending December 31, 2018), and the related consolidated statements of income        or operations, shareholders’ equity and cash flows for such fiscal year, setting forth in        each case in comparative form the figures for the previous fiscal year, all in reasonable        detail and prepared in accordance with GAAP, such consolidated statements to be audited        and accompanied by a report and opinion of an independent certified public accountant of        nationally recognized standing reasonably acceptable to the Required Lenders, which        report and opinion shall be prepared in accordance with generally accepted auditing        standards and shall not be subject to any “going concern” or like qualification or        exception or any qualification or exception as to the scope of such audit; and               (b)   not later than (i) the date such deliveries are required by the SEC and (ii)        forty-five days after the end of each of the first three fiscal quarters of each fiscal year of        EWI (beginning with the fiscal quarter ending after the Closing Date), consolidated        balance sheets of the Consolidated Group as at the end of such fiscal quarter, and the        related consolidated statements of income or operations, shareholders’ equity and cash        flows for such fiscal quarter and for the portion of EWI’s fiscal year then ended, setting        forth in each case in comparative form the figures for the corresponding fiscal quarter of        the previous fiscal year and the corresponding portion of the previous fiscal year, all in        reasonable detail and certified by a Responsible Officer of EWI as fairly presenting in all        material respects the financial condition, results of operations, shareholders’ equity and        cash flows of the Consolidated Group in accordance with GAAP, subject only to normal        year-end audit adjustments and the absence of footnotes and such statements to be        certified by a Responsible Officer of EWI to the effect that such statements are fairly        stated in all material respects when considered in relation to the consolidated financial        statements of EWI and its Subsidiaries.               (c)   promptly after receipt, the results of an annual review conducted by a third        party reasonably acceptable to the Administrative Agent with respect to the anti-money        laundering and (where applicable) bank secrecy (or similar) program of Continental        Exchange Solutions, Inc., RIA Italia SRL, Envia Telecomunicaciones, S.A. and RIA        Financial Services Australia Pty. Ltd.; provided such reviews are required under the    NYDOCS02/1161559.5                   109  

 

                                                            EXECUTION COPY         country/local jurisdiction where members of the Consolidated Group actively operate as        money transmitters (or similar designation) or as mutually agreed by the Administrative        Agent and EWI.   As to any information contained in materials furnished pursuant to Section 7.02(d), such Credit  Party shall not be separately required to furnish such information under clauses (a) or (b) above,  but the foregoing shall not be in derogation of the obligation of such Credit Party to furnish the  information and materials described in clauses (a) and (b) above at the times specified therein.         7.02  Certificates; Other Information.  Deliver to the Administrative Agent for further  distribution to the Lenders, in form and detail reasonably satisfactory to the Administrative  Agent and the Required Lenders:               (a)   [reserved];               (b)   concurrently with the delivery of the financial statements referred to in        Sections 7.01(a) and (b), (beginning with the fiscal quarter ending after the Closing        Date), a duly completed Compliance Certificate signed by a Responsible Officer of EWI        (i) setting forth computations in reasonable detail satisfactory to the Administrative        Agent demonstrating compliance with the financial covenants contained herein, (ii)        certifying that no Default exists as of the date thereof (or the nature and extent thereof        and proposed actions with respect thereto) and (iii) including a summary of all material        changes in GAAP or in the consistent application thereof and material changes in        accounting policies or financial reporting practices, the effect on the financial covenants        resulting therefrom, and a reconciliation between calculation of the financial covenants        before and after giving effect to such changes;               (c)   [reserved];               (d)   promptly after the same are available, notice of each annual report, proxy        or financial statement or other report or communication sent to the stockholders of EWI,        and copies of all annual, regular, periodic and special reports and registration statements        that EWI may file or be required to file with the SEC under Section 13 or 15(d) of the        Securities Exchange Act of 1934, and not otherwise required to be delivered to the        Administrative Agent pursuant hereto; and               (e)   promptly, such additional information regarding the business, financial or        corporate affairs of such Credit Party or any of its Subsidiaries, or compliance with the        terms of the Credit Documents, as the Administrative Agent or any Lender may from        time to time reasonably request, and any information requested by the Administrative        Agent or any Lender reasonably necessary to ensure compliance with applicable “know        your customer” Laws (including the Beneficial Ownership Regulation and Sanctions).         Documents required to be delivered pursuant to Section 7.01(a) or (b) or Section 7.02(d)  (to the extent any such documents are included in materials otherwise filed with the SEC) may  be delivered electronically and if so delivered, shall be deemed to have been delivered on the  date (i) on which EWI posts such documents, or provides a link thereto on EWI’s website on the  Internet at the website address listed on Schedule 11.02 (as may be updated from time to time);    NYDOCS02/1161559.5                   110  

 

                                                            EXECUTION COPY   or (ii) on which such documents are posted on EWI’s behalf on an Internet or intranet website, if  any, to which each Lender and the Administrative Agent have access (whether a commercial,  third-party website or whether sponsored by the Administrative Agent).  Notwithstanding  anything contained herein, in every instance EWI shall be required to provide paper copies of the  Compliance Certificates required by Section 7.02(b) to the Administrative Agent.  Except for  such Compliance Certificates, the Administrative Agent shall have no obligation to request the  delivery or to maintain copies of the documents referred to above, and in any event shall have no  responsibility to monitor compliance by EWI with any such request for delivery, and each  Lender shall be solely responsible for requesting delivery by it or maintaining its copies of such  documents.         Such Credit Party hereby acknowledges that (a) the Administrative Agent and/or the  Arrangers will make available to the Lenders and the L/C Issuers materials and/or information  provided by or on behalf of the Credit Parties hereunder (collectively, “Credit Party Materials”)  by posting the Credit Party Materials on IntraLinks or another similar electronic system (the  “Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do  not wish to receive material non-public information with respect to the Credit Parties or their  Affiliates, or the respective securities of any of the foregoing, and who may be engaged in  investment and other market-related activities with respect to such Persons’ securities.  Such  Credit Party hereby agrees that (w) all Credit Party Materials that are to be made available to  Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum,  shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by  marking Credit Party Materials “PUBLIC,” such Credit Party shall be deemed to have authorized  the Administrative Agent, the Arrangers, the L/C Issuers and the Lenders to treat such Credit  Party Materials as not containing any material non-public information with respect to such Credit  Party or its securities for purposes of United States federal and state securities laws (provided,  however, that to the extent such Credit Party Materials constitute Information, they shall be  treated as set forth in Section 11.07); (y) all Credit Party Materials marked “PUBLIC” are  permitted to be made available through a portion of the Platform designated “Public Investor;”  and (z) the Administrative Agent and the Arrangers shall be entitled to treat any Credit Party  Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the  Platform not designated “Public Investor.”         7.03  Notification.  Deliver to the Administrative Agent for further distribution to the  Lenders, promptly after a Responsible Officer of EWI obtains knowledge thereof, notice of any  of the following:               (a)   the occurrence of any Default; and               (b)   (i) any dispute, litigation, investigation, proceeding or suspension between        such Credit Party or any of its Subsidiaries and any Governmental Authority; or (ii) the        commencement of, or any material development in, any litigation, investigation or        proceeding affecting such Credit Party or any of its Subsidiaries, in each case in        clauses (i) and (ii), that has resulted or would reasonably be expected to result in a        Material Adverse Effect.    NYDOCS02/1161559.5                   111  

 

                                                            EXECUTION COPY         Each notice pursuant to this Section shall be accompanied by a statement of a  Responsible Officer of EWI setting forth details of the occurrence referred to therein and stating  what EWI has taken and proposes to take with respect thereto.  Each notice pursuant to Section  7.03(a) shall describe with particularity any and all provisions of this Credit Agreement and any  other Credit Document that have been breached.         7.04  Payment of Obligations.  Pay and discharge as the same shall become due and  payable, all its obligations and liabilities, including all tax liabilities, assessments and  governmental charges or levies upon it or its properties or assets, unless (i) the same are being  contested in good faith by appropriate proceedings diligently conducted and adequate reserves in  accordance with GAAP are being maintained or (ii) the failure to pay any such obligations and  liabilities would not reasonably be expected to have a Material Adverse Effect.         7.05  Preservation of Existence, Etc.               (a)   Preserve, renew and maintain in full force and effect its legal existence        and (where applicable) good standing under the Laws of the jurisdiction of its        organization (except in connection with a transaction permitted by Sections 8.04 or 8.05        or where (other than with respect to the existence of a Borrower) failure to do so would        not reasonably be expected to result in a Material Adverse Effect); and (b) take all        commercially reasonable action to maintain all rights, privileges, permits, licenses and        franchises necessary or desirable in the normal conduct of its business, except to the        extent that failure to do so could not reasonably be expected to have a Material Adverse        Effect.         7.06  Maintenance of Properties.  Maintain, preserve and protect all of its material  Property and equipment necessary in the operation of its business in good working order and  condition, ordinary wear and tear excepted unless such Credit Party or Subsidiary of such Credit  Party determines in good faith that the continued maintenance of such Property is no longer  economically desirable, necessary or useful to its business except where the failure to so  maintain, preserve or protect such Property would not reasonably be expected to have a Material  Adverse Effect;         7.07  Maintenance of Insurance.  Maintain in full force and effect with financially  sound and reputable insurance companies that are not Affiliates of the Borrowers, insurance with  respect to its properties and business against loss or damage of the kinds customarily insured  against by Persons engaged in the same or similar business, of such types and in such amounts  (after giving effect to any self-insurance compatible with the following standards) as are  customarily carried under similar circumstances by such other Persons.         7.08  Compliance with Laws.  Comply with the requirements of all Laws and all orders,  writs, injunctions and decrees applicable to it or to its business or property, except in such  instances in which (i) such requirement of Law or order, writ, injunction or decree is being  contested in good faith by appropriate proceedings diligently conducted; or (ii) the failure to  comply therewith would not reasonably be expected to have a Material Adverse Effect.    NYDOCS02/1161559.5                   112  

 

                                                            EXECUTION COPY         7.09  Books and Records.  Maintain (a) proper books of record and account, in which  entries that are true and correct in all material respects shall be made in accordance with GAAP,  of all financial transactions and matters involving its assets and business and (b) such books of  record and account in material conformity with all applicable requirements of any Governmental  Authority having regulatory jurisdiction over it.         7.10  Inspection Rights.  With respect to such Credit Party, permit representatives and  independent contractors of the Administrative Agent and each Lender to visit and inspect any of  their properties, to examine their corporate, financial, operating, statutory and regulatory  compliance, audit and supervisory examination records, and make copies thereof or abstracts  therefrom, and to discuss their affairs, finances, accounts, compliance programs and initiatives,  audits, and supervisory examinations with their directors, officers, and independent public  accountants, all at the expense of such Credit Party and at such reasonable times during normal  business hours and as often as may be reasonably desired, upon reasonable advance notice to  such Credit Party; provided, however, that so long as no Event of Default has occurred and is  continuing such Credit Party’s obligation to pay the expenses of any of the foregoing will be  limited to (A) one inspection per year (measured from the date of this Credit Agreement and  each anniversary thereof) at the Administrative Agent’s discretion and (B) any further  inspections resulting from the Administrative Agent’s good faith belief that conditions exist that  could reasonably be expected to result in a Material Adverse Effect; provided, further, that when  an Event of Default exists the Administrative Agent or any Lender (or any of their respective  representatives or independent contractors) may do any of the foregoing at the expense of the  Borrowers at any time during normal business hours and without advance notice.         7.11  Use of Proceeds.  Use the proceeds of the Credit Extensions to refinance the loans  and obligations existing under the Existing Credit Agreement and for general corporate purposes  not in contravention of any Law or of any Credit Document, including Acquisitions.         7.12  Approvals and Authorizations.  Maintain all authorizations, consents, approvals  and licenses from, exemptions of, and filings and registrations with, each Governmental  Authority of the jurisdiction in which each Foreign Obligor is organized and existing, and all  approvals and consents of each other Person in such jurisdiction, in each case that are required in  connection with the Credit Documents to which it is a Party.         7.13  Joinder of Subsidiaries as Guarantors.  If (x) the conditions for the release of  Guarantors (other than EWI) set forth in Section 4.09 have not been satisfied and (y) a Domestic  Subsidiary that is not a Guarantor hereunder (each a “Non-Guarantor Domestic Subsidiary”)  shall at any time:               (a)   in any case (considered with its Subsidiaries on a consolidated basis)        represent more than 10% of consolidated revenues for the Consolidated Group (in each        such case determined as of the end of each fiscal quarter for the period of four        consecutive fiscal quarters then ended), or               (b)   together with all other such Non-Guarantor Domestic Subsidiaries as a        group, represent more than 30% of the consolidated revenues for the Consolidated Group    NYDOCS02/1161559.5                   113  

 

                                                            EXECUTION COPY         (in each such case determined as of the end of each fiscal quarter for the period of four        consecutive fiscal quarters then ended),   then, in any such instance, EWI will, subject to the provisions hereof, promptly, but in any event  within forty-five (45) days after the delivery date for annual and quarterly financial statements  under subsections (a) and (b) of Section 7.01 as to which a determination has been made that  such a joinder is required (with extensions as may be deemed necessary or appropriate by the  Administrative Agent in its discretion), cause the joinder of such Domestic Subsidiary as a  Guarantor hereunder pursuant to a Joinder Agreement (or such other documentation reasonably  acceptable to the Administrative Agent) accompanied by Organization Documents and favorable  opinions of counsel to such Domestic Subsidiary, all in form and substance reasonably  satisfactory to the Administrative Agent, such that after giving effect thereto the Non-Guarantor  Domestic Subsidiaries will not, individually or as a group, exceed the foregoing threshold  requirements.                                   ARTICLE VIII                                                                       NEGATIVE COVENANTS         Until the Revolving Loan Obligations shall have been paid in full or otherwise satisfied,  and the Revolving Commitments hereunder shall have expired or been terminated, each of the  Credit Parties that is a party to this Credit Agreement will not, and will not permit any of its  Subsidiaries to:         8.01  Liens.  Create, incur, assume or suffer to exist any Lien upon any of its property,  assets or revenues, whether now owned or hereafter acquired, other than the following:               (a)   Liens pursuant to any Credit Document securing the Revolving Loan        Obligations;               (b)   Liens in favor of any bank securing a Treasury Management Agreement        permitted hereunder, but only to the extent that (i) the obligations under such Treasury        Management Agreement are permitted under Section 8.03(p) and (ii) the Liens are        entered into in the ordinary course of business with respect to such Treasury Management        Agreements and are customary in nature and amount;               (c)   Liens existing on the Closing Date and listed on Schedule 8.01;               (d)   Liens for taxes not yet due or that are being contested in good faith and by        appropriate proceedings diligently conducted, if adequate reserves with respect thereto        are maintained on the books of the applicable Person in accordance with GAAP;               (e)   Liens in favor of carriers, warehousemen, mechanics, materialmen,        repairmen or other like Liens arising in the ordinary course of business that are not        overdue for a period of more than thirty days or that are being contested in good faith and        by appropriate proceedings diligently conducted, if adequate reserves with respect thereto        are maintained on the books of the applicable Person;    NYDOCS02/1161559.5                   114  

 

                                                            EXECUTION COPY               (f)   Liens resulting from pledges or deposits in the ordinary course of business        in connection with workers’ compensation, unemployment insurance and other social        security legislation, other than any Lien imposed by ERISA;               (g)   Liens resulting from (i) deposits to secure the performance of bids, trade        contracts and leases (other than Indebtedness), statutory obligations, surety and appeal        bonds (other than bonds related to judgments or litigation), performance bonds and other        obligations of a like nature incurred in the ordinary course of business or (ii) earnest        money deposits or indemnification holdbacks made in connection with Acquisitions or        Permitted Dispositions;               (h)   Liens consisting of (i) easements, rights-of-way, restrictions and other        similar encumbrances affecting real property that, in the aggregate, are not substantial in        amount, or (ii) licenses, sublicenses, leases or subleases entered into in the ordinary        course of business and in each case in clauses (i) and (ii) do not in any case materially        detract from the value of the property subject thereto or materially interfere with the        ordinary conduct of the business of the applicable Person;               (i)   Liens securing judgments for the payment of money not constituting an        Event of Default under Section 9.01(h) or securing appeal or other surety bonds related to        such judgments;               (j)   Liens securing, or in respect of, obligations under Capital Leases or        Synthetic Leases and purchase money obligations for fixed or capital assets; provided        that (i) such Liens do not at any time encumber any property other than the property        financed by such Indebtedness and (ii) the Indebtedness secured thereby does not exceed        the cost or fair market value, whichever is lower, of the property being acquired on the        date of acquisition;               (k)   Liens on Property that is the subject of an Acquisition at the time of the        Acquisition (including, without limitation, Property Acquired in connection with an        Acquisition); provided that such Liens do not extend to any other Property;               (l)   Liens on (1) cash deposited with banks that participate in the Consolidated        Group’s ATM network in the ordinary course of business to secure cash contributed by        such banks for use in the ATM network, (2) cash and currency supplied to secure ATM        Cash Supply Obligations, receivables from card organizations and/or any segregated        bank accounts relating to the operation and settlement of the respective ATM network        and (3) cash deposited with vendors or suppliers of PIN’s, mobile phone time or other        digital content to members of the Consolidated Group in the ordinary course of business        to secure accounts payable to such vendors or suppliers;               (m)   Liens or other rights granted (whether for the benefit of a single Person or        multiple Persons) to (1) vendors or suppliers of products, content or services distributed        or provided through processing networks of the Consolidated Group in the products,        content or services supplied and proceeds thereof (including, without limitation, any trust        accounts or restricted cash accounts associated with the purchase or sale of such products,    NYDOCS02/1161559.5                   115  

 

                                                            EXECUTION COPY         content or services) or (2) customers or correspondent payout agents (including, without        limitation, those arising from the deposit or prefunding of amounts with or by a member        of the Consolidated Group) to secure or facilitate money services transactions or foreign        exchange transactions;               (n)   Liens and customary rights of set-off, revocation, refund or chargeback        and similar rights under deposit, disbursement or concentration account agreements or        under the UCC (or comparable foreign Law) or otherwise arising by operation of Law in        favor of any bank or other financial institution at which such Credit Party or its        Subsidiaries maintains a deposit, disbursement or concentration account in the ordinary        course of business and Liens arising due to any cash pooling, netting or composite        accounting arrangements;               (o)   Liens resulting from cash collateral in an aggregate amount of up to $75        million at any time to secure letters of credit or bank guarantees permitted by Section        8.03(k);               (p)   Liens on Securitization Receivables in a Securitization Transaction        permitted hereunder;               (q)   Liens, as permitted under German law, resulting from property ownership        transfers made for security purposes (Sicherungseigentum), retention of title        arrangements (Eigentumsvorbehalt) and assignments of claims, rights and receivables        made for security purposes (Sicherungsabtretungen), in each case made in the ordinary        course of business;               (r)   Refinancing Liens granted in respect of Liens permitted by Sections        8.01(c), (j) or (k);                (s)   Liens in settlement and collateral accounts maintained under merchant        acquiring and processing agreements in favor of merchant acquirers and processors;                (t)   Liens in favor of any bank, broker, futures commission merchant, dealer,        clearing agent, clearing house, swaps execution facility, designated contract market or        trading facility, on property or assets held in the ordinary course of business in accounts        maintained with such institution (or with another institution for the benefit of such        institution) in connection with Swap Contract permitted under Section 8.03(e); and               (u)   other Liens securing aggregate Indebtedness in an amount, together with,        but without duplication of, Indebtedness incurred in accordance with Section 8.03(t), not        to exceed at any time outstanding the greater of (1) $125 million and (2) 25% of        Consolidated EBITDA for the most recently ended four consecutive fiscal quarters for        which a compliance certificate has been delivered.         For purposes of determining compliance with this Section 8.01:  (i) in the event that a  Lien (or any portion thereof) meets the criteria of more than one of the categories of Liens  permitted in this Section 8.01, the relevant Credit Party or Subsidiary, in its sole discretion, may  classify (and may from time to time thereafter reclassify) such Lien (or any portion thereof) and    NYDOCS02/1161559.5                   116  

 

                                                            EXECUTION COPY   will only be required to include such Lien in one of the categories of Liens permitted in this  Section 8.01; and (ii) at the time of incurrence or upon any later reclassification, the relevant  Credit Party or Subsidiary, in its sole discretion, may divide and classify a Lien in more than one  of the categories of Liens permitted in this Section 8.01.         8.02  [Reserved].           8.03  Indebtedness.  Permit any Subsidiary that is not a Guarantor to create, incur,  assume or suffer to exist any Indebtedness, except:               (a)   Indebtedness under the Credit Documents;               (b)   [reserved];               (c)   Indebtedness outstanding on the Closing Date and listed on Schedule 8.03;               (d)   Indebtedness under Capital Leases, Synthetic Lease obligations and        purchase money obligations incurred to provide all or a portion of the purchase price (or        cost of construction or acquisition), in each case for capital assets, provided that when        incurred such Indebtedness shall not exceed the purchase price or cost of construction of        the subject asset;               (e)   Indebtedness or other obligations (contingent or otherwise) of any member        of the Consolidated Group existing or arising under any Swap Contract, provided that        such obligations are entered into by such Person in the ordinary course of business for the        purpose of directly mitigating risks associated with liabilities, commitments, investments,        assets, or property held or reasonably anticipated by such Person, or changes in the value        of securities issued by such Person, and not for purposes of speculation or taking a        “market view”;               (f)   intercompany Indebtedness among members of the Consolidated Group;               (g)   Indebtedness in respect of performance bonds and surety bonds incurred in        the ordinary course of business;               (h)   [reserved];               (i)   Indebtedness consisting of guaranties by EWI and other members of the        Consolidated Group to secure the performance of financial and contractual obligations of        members of the Consolidated Group in the ordinary course of business consistent with        past practice;               (j)   Indebtedness that is acquired or assumed in connection with an        Acquisition, including secured indebtedness to the extent permitted under Section 8.01,        so long as such Indebtedness was not incurred in anticipation or contemplation of the        acquisition in consultation with, or at the request of, the Subsidiary acquiring or assuming        such Indebtedness, and Refinancing Indebtedness and Refinancing Liens relating thereto        to the extent permitted by subsections (k) and (r) of Section 8.01;    NYDOCS02/1161559.5                   117  

 

                                                            EXECUTION COPY               (k)   Indebtedness of up to $75 million at any time under letters of credit or        bank guaranties (net of cash collateral provided therefor);               (l)   Indebtedness of up to $75 million at any time in overdraft protection;               (m)   Support Obligations in respect of Indebtedness otherwise permitted under        this Section 8.03;               (n)   Indebtedness of up to $200 million at any time outstanding in connection        with Securitization Transactions (but, for purposes hereof, without regard to unfunded or        undrawn commitments and which, in the case of a Securitization Transaction established        to facilitate the issuance of letters of credit and bank guaranties, is without duplication for        the letters of credit and bank guaranties issued in connection therewith);               (o)   Indebtedness arising from the honoring by a bank of a check, draft,        payment order or other debit drawn or presented against insufficient funds in the ordinary        course of business; provided (i) one or more members of the Consolidated Group have        deposits in other accounts at such bank in an aggregate amount at least equal to the        amount of such Indebtedness or (ii) such Indebtedness is extinguished within ten        Business Days of its incurrence;               (p)   Indebtedness or other obligations (contingent or otherwise) of any member        of the Consolidated Group existing or arising (i) in respect of deposits or payments made        by customers or clients in the ordinary course of business, (ii) as a result of any cash        pooling, netting or composite accounting arrangement or (iii) under any Treasury        Management Agreements;               (q)   Indebtedness in an aggregate principal amount not to exceed $10 million        at any time, in the case of any members of the Consolidated Group that are organized and        operating in the People’s Republic of China;               (r)   Indebtedness in an aggregate principal amount not to exceed $15 million        at any time, in the case of any members of the Consolidated Group that are organized and        operating in India;               (s)   Refinancing Indebtedness incurred in respect of Indebtedness under        Sections 8.03(c), (d), (j) or (k); and               (t)   other Indebtedness in an amount, together with, but without duplication of,        the principal amount of Indebtedness secured by Liens in accordance with Section        8.01(u), not to exceed at any time outstanding the greater of (1) $125 million and (2) 25%        of Consolidated EBITDA for the most recently ended four consecutive fiscal quarters for        which a compliance certificate has been delivered.         For purposes of determining compliance with this Section 8.03, (i) in the event that an  item of Indebtedness (or any portion thereof) meets the criteria of more than one of the  categories of Indebtedness permitted in this Section 8.03, the relevant Credit Party or Subsidiary,  in its sole discretion, may classify (and may from time to time thereafter reclassify) such item of    NYDOCS02/1161559.5                   118  

 

                                                            EXECUTION COPY   Indebtedness (or any portion thereof) and will only be required to include such Indebtedness (or  any portion thereof) in one of the categories of Indebtedness permitted in this Section 8.03; and  (ii) at the time of incurrence or upon any later reclassification, the relevant Credit Party or  Subsidiary, in its sole discretion, may divide and classify an item of Indebtedness (or any portion  thereof) in more than one of the categories of Indebtedness permitted in this Section 8.03.         Accrual of interest, the accretion of accreted value and the payment of interest or  dividends in the form of additional Indebtedness will not be deemed to be an incurrence of  Indebtedness for purposes of this Section 8.03.         8.04  Mergers and Dissolutions.               (a)   Enter into a transaction of merger or consolidation; provided that so long        as no Default then exists or would result therefrom:                     (i)   EWI and other members of the Consolidated Group that are              Domestic Subsidiaries may merge or consolidate with other members of the              Consolidated Group, provided that (A) if EWI is a party to the merger or              consolidation, it shall be the surviving entity and (B) if the transaction of merger              or consolidation involves both a Domestic Subsidiary that is a Credit Party and a              Foreign Subsidiary, then the Domestic Subsidiary that is a Credit Party shall be              the surviving entity;                     (ii)  members of the Consolidated Group that are Foreign Subsidiaries              may merge or consolidate with other members of the Consolidated Group,              provided that (A) if EWI is a party to the merger or consolidation, it shall be the              surviving entity and (B) if the transaction of merger or consolidation involves two              or more Foreign Subsidiaries and one or more of the Foreign Subsidiaries are              organized under the laws of an Approved Jurisdiction, then the surviving entity              shall be a Foreign Subsidiary that is organized under the laws of an Approved              Jurisdiction; and                     (iii) members of the Consolidated Group may merge or consolidate              with Persons that are not members of the Consolidated Group, provided that (A) if              EWI is a party to the merger or consolidation, it shall be the surviving entity and              (B) if a Subsidiary of EWI that is a Borrower is a party to the merger or              consolidation, the Subsidiary that is a Borrower will be the surviving entity.               (b)   Except for EWI and Subsidiaries that are Borrowers hereunder, members        of the Consolidated Group may be dissolved, liquidated or otherwise have their existence        terminated.         8.05  Dispositions.  Make or permit Dispositions, except for Permitted Dispositions.         8.06  Restricted Payments.  EWI will not declare or make, directly or indirectly, any  Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that:    NYDOCS02/1161559.5                   119  

 

                                                            EXECUTION COPY               (a)   EWI may declare and make dividend payments or other distributions        payable solely in its common stock or other equity interests;               (b)   EWI may purchase, redeem or otherwise acquire shares of its common        stock or other common equity interests or warrants or options to acquire any such shares        with the proceeds received from the substantially concurrent issuance of new shares of its        common stock or other common equity interests;               (c)   EWI may make payment on, in respect of, or in connection with (i) a stock        incentive plan, stock option plan or other equity-based compensation plan or arrangement        or (ii) Capital Stock, options, warrants and other rights to acquire Capital Stock issued or        granted in connection with any Acquisition (including, without limitation, the issuance of        equity interests, including Capital Stock, as consideration in connection with any        acquisition permitted hereunder, whether as original purchase consideration or in        satisfaction of subsequent contingent consideration obligations, and the sale of equity        interests, including Capital Stock, for the sole purpose of financing any acquisition        permitted hereunder); and               (d)   EWI may make other Restricted Payments; provided that after giving        effect thereto on a Pro Forma Basis, no Default shall exist.         8.07  Change in Nature of Business.  Engage in any material line of business  substantially different from those lines of business conducted by the Consolidated Group on the  Closing Date or any business that is similar, reasonably related, incidental, complementary or  ancillary thereto or any reasonable extension thereof.         8.08  Use of Proceeds.  Use the proceeds of any Credit Extension, whether directly or  indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin  stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the  purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for  such purpose.         8.09  Financial Covenants.               (a)   Consolidated Total Leverage Ratio.  (i)  As of the end of each fiscal        quarter ended on March 31, September 30 and December 31, permit the Consolidated        Total Leverage Ratio to be greater than 3.50:1.00 and (ii) as of the end of each fiscal        quarter ended on June 30, permit the Consolidated Total Leverage Ratio to be greater        than 4.00:1.00; provided that, not more than two times prior to the Termination Date,        upon notice (an “Increase Leverage Notice”) to the Administrative Agent from EWI that        a Material Acquisition has been consummated, for any period of four consecutive fiscal        quarters following such Material Acquisition, the Consolidated Total Leverage Ratio will        be not greater than 4.00:1.00 for fiscal quarters ended on March 31, September 30 and        December 31 and not greater than 4.50:1.00 for fiscal quarters ended on June 30;        provided, further, that following such four consecutive fiscal quarters for which the        maximum Consolidated Total Leverage Ratio is increased, the maximum Consolidated        Total Leverage Ratio shall revert to the levels set forth in clauses (i) and (ii) above for not    NYDOCS02/1161559.5                   120  

 

                                                            EXECUTION COPY         fewer than two fiscal quarters before a subsequent Increase Notice is delivered to the        Administrative Agent.               (b)   Consolidated Interest Coverage Ratio.  As of the end of each fiscal        quarter, permit the Consolidated Interest Coverage Ratio to be less than 4.00:1.00.         8.10  Sanctions; Anti-Corruption.  Directly or indirectly, use any Credit Extension or  the proceeds of any Credit Extension, or lend, contribute or otherwise make available such Credit  Extension or the proceeds of any Credit Extension to any Person, (i) in any manner that would  breach applicable Anti-Corruption Laws; (ii) to unlawfully fund any activities of or business  with any Person, or in any Designated Jurisdiction, that, at the time of such funding, is the  subject of Sanctions; or (iii) in any other manner that will result in a violation by any Person  (including any Person participating in the transaction, whether as Lender, Arranger,  Administrative Agent, L/C Issuer, Swingline Lender, or otherwise) of Sanctions.                                   ARTICLE IX                                                                EVENTS OF DEFAULT AND REMEDIES         9.01  Events of Default.  Any of the following shall constitute an Event of Default:               (a)   Non-Payment.  Any Credit Party fails to pay (i) when and as required to        be paid herein, and in the currency required hereunder, any amount of principal of any        Loan or any L/C Obligation, or (ii) within five (5) Business Days after the same becomes        due, any interest on any Loan or on any L/C Obligation, or any fee due hereunder, or (iii)        within five (5) Business Days after the same becomes due, any other amount payable        hereunder or under any other Credit Document; or               (b)   Specific Covenants.  Any Credit Party fails to perform or observe any        term, covenant or agreement contained in any of Section 7.03 or Article VIII; or               (c)   Other Defaults.  Any Credit Party fails to perform or observe any other        covenant or agreement (not specified in subsection (a) or (b) above) contained in any        Credit Document on its part to be performed or observed and such failure continues for        thirty (30) days after written notice from the Administrative Agent to EWI or such Credit        Party; or               (d)   Representations and Warranties.  Any representation, warranty,        certification or statement of fact made or deemed made by or on behalf of any Credit        Party herein, in any other Credit Document, or in any document delivered in connection        herewith or therewith shall be false or misleading in any material respect when made or        deemed made; or               (e)   Cross-Default.  (i) Any member of the Consolidated Group (A) fails (and        such failure continues beyond any applicable grace period and provided that any default        or event of default resulting therefrom has not been cured or waived by the holder or        holders of such Indebtedness or the beneficiary or beneficiaries of such Support        Obligation) to make any payment when due (whether by scheduled maturity, required    NYDOCS02/1161559.5                   121  

 

                                                            EXECUTION COPY         prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or        Support Obligations (other than Indebtedness hereunder and Indebtedness under Swap        Contracts) having an aggregate outstanding principal amount of more than $50 million,        or (B) fails (and such failure continues beyond any applicable grace period and provided        that any default or event of default resulting therefrom has not been cured or waived by        the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such        Support Obligation) to observe or perform any other agreement or condition relating to        any such Indebtedness or Support Obligations or contained in any instrument or        agreement evidencing, securing or relating thereto, or any other event occurs, the effect        of which default or other event is to cause, or to permit the holder or holders of such        Indebtedness or the beneficiary or beneficiaries of such Support Obligations (or a trustee        or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with        the giving of notice if required, such Indebtedness to be demanded or to become due or to        be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer        to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated        maturity, or such Support Obligations to become payable or cash collateral in respect        thereof to be demanded; or (ii) there occurs under any Swap Contract an Early        Termination Date (as defined in such Swap Contract) resulting from (A) any event of        default under such Swap Contract as to which EWI or any Subsidiary is the Defaulting        Party (as defined in such Swap Contract) or (B) any Termination Event (as so defined)        under such Swap Contract as to which EWI or any Subsidiary is an Affected Party (as so        defined) and, in either event, such Early Termination Date is not rescinded or such        Termination Event is not waived and the Swap Termination Value owed as a result        thereof is greater than $50 million; provided that this clause (e)(ii) shall not apply to        secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the        property or assets securing such Indebtedness, if such sale or transfer is permitted        hereunder and under the documents providing for such Indebtedness and such        Indebtedness is repaid when required under the documents providing for such documents;        or               (f)   Insolvency Proceedings, Etc.  Any member of the Consolidated Group        (other than an Immaterial Subsidiary) institutes or consents to the institution of any        proceeding under any Debtor Relief Law, or makes an assignment for the benefit of        creditors; or applies for or consents to the appointment of any receiver, trustee, custodian,        conservator, liquidator, rehabilitator or similar officer for it or for all or any material part        of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or        similar officer is appointed without the application or consent of such Person and the        appointment continues undischarged or unstayed for sixty calendar days; or any        proceeding under any Debtor Relief Law relating to any such Person or to all or any        material part of its property is instituted without the consent of such Person and continues        undismissed or unstayed for sixty (60) calendar days, or an order for relief is entered in        any such proceeding; or               (g)   Inability to Pay Debts; Attachment.  (i) Any member of the Consolidated        Group (other than an Immaterial Subsidiary) becomes unable or admits in writing its        inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant        of attachment or execution or similar process is issued or levied against all or any    NYDOCS02/1161559.5                   122  

 

                                                            EXECUTION COPY         material part of the property of any such Person and is not released, vacated or fully        bonded within forty-five (45) days after its issue or levy; or               (h)   Judgments.  There is entered against any member of the Consolidated        Group (other than an Immaterial Subsidiary) (i) a final judgment or order for the payment        of money in an aggregate amount (as to all such judgments or orders) exceeding $50        million (to the extent not covered by independent third-party insurance as to which the        insurer does not dispute coverage), or (ii) any one or more non-monetary final judgments        that have, or would reasonably be expected to have, individually or in the aggregate, a        Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced        by any creditor upon such judgment or order, or (B) there is a period of forty-five (45)        consecutive days during which a stay of enforcement of such judgment (if not otherwise        satisfied or discharged before the end of such period), by reason of a pending appeal or        otherwise, is not in effect; or               (i)   ERISA.  (i) An ERISA Event occurs with respect to a Pension Plan or        Multiemployer Plan that has resulted or would reasonably be expected to result in        liability of a Credit Party under Title IV of ERISA to the Pension Plan, Multiemployer        Plan or the PBGC in an aggregate amount in excess of $50 million, or (ii) a Credit Party        or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace        period, any installment payment with respect to its withdrawal liability under Section        4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of $50        million; or               (j)   Invalidity of Credit Documents.  Any Credit Document, at any time after        its execution and delivery and for any reason other than as expressly permitted hereunder        or satisfaction in full of all the Revolving Loan Obligations, ceases to be in full force and        effect; or any Credit Party contests in any manner the validity or enforceability of any        Credit Document; or any Credit Party denies that it has any or further liability or        obligation under any Credit Document, or purports to revoke, terminate or rescind any        Credit Document; or               (k)   Change of Control.  There occurs any Change of Control.         9.02  Remedies upon Event of Default.  If any Event of Default occurs and is  continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the  Required Lenders, take any or all of the following actions:               (a)   declare the commitments of the Lenders to make Loans and the obligation        of the L/C Issuers to make L/C Credit Extensions to be terminated, whereupon such        commitments and obligation shall be terminated;               (b)   declare the unpaid principal amount of all outstanding Loans, all interest        accrued and unpaid thereon, and all other amounts owing or payable hereunder or under        any other Credit Document to be immediately due and payable, without presentment,        demand, protest or other notice of any kind, all of which are hereby expressly waived by        the Borrowers;    NYDOCS02/1161559.5                   123  

 

                                                            EXECUTION COPY               (c)   require that the Borrowers Cash Collateralize their respective L/C        Obligations (in each case, in an amount equal to the then Outstanding Amount thereof);        and               (d)   exercise on behalf of itself and the Lenders all rights and remedies        available to it or to the Lenders under the Credit Documents or applicable Law;   provided, however, that upon the occurrence of an Event of Default under Section 9.01(f), the  obligation of each Lender to make Loans and any obligation of each L/C Issuer to make L/C  Credit Extensions shall automatically terminate, the unpaid principal amount of all outstanding  Loans and all interest and other amounts as aforesaid shall automatically become due and  payable, and the obligation of the Borrowers to Cash Collateralize the L/C Obligations as  aforesaid shall automatically become effective, in each case without further act of the  Administrative Agent or any Lender.         9.03  Application of Funds.  After the exercise of remedies provided for in Section 9.02  (or after the Loans have automatically become immediately due and payable and the L/C  Obligations have automatically been required to be Cash Collateralized as set forth in the proviso  to Section 9.02), any amounts received on account of the Obligations shall be applied by the  Administrative Agent in the following order:               First, to payment of that portion of the Obligations constituting fees, indemnities,        expenses and other amounts (including all reasonable fees, expenses and disbursements        of any law firm or other counsel to the Administrative Agent and amounts payable under        Article III) payable to the Administrative Agent in its capacity as such;               Second, to payment of that portion of the Obligations constituting fees,        indemnities and other amounts (other than principal and interest and Letter of Credit        Fees) payable to the Lenders and the L/C Issuers (including all reasonable fees, expenses        and disbursements of any law firm or other counsel to the respective Lenders and the        respective L/C Issuers and amounts payable under Article III), ratably among the Lenders        in proportion to the amounts described in this clause Second payable to them;               Third, to payment of that portion of the Obligations constituting accrued and        unpaid Letter of Credit Fees and interest on the Loans, L/C Borrowings and other        Obligations, ratably among the Lenders, the Swingline Lenders and the L/C Issuers in        proportion to the respective amounts described in this clause Third payable to them;               Fourth, to (a) payment of that portion of the Obligations constituting unpaid        principal of the Loans and L/C Borrowings, (b) payment of breakage, termination or        other amounts owing in respect of any Swap Contract between any Credit Party and any        Lender, or any Affiliate of a Lender, to the extent such Swap Contract is permitted        hereunder, (c) payments of amounts due under any Treasury Management Agreement        between any Credit Party and any Lender, or any Affiliate of a Lender and (d) the        Administrative Agent for the account of the applicable L/C Issuers, to Cash Collateralize        that portion of the L/C Obligations comprised of the aggregate undrawn amount of    NYDOCS02/1161559.5                   124  

 

                                                            EXECUTION COPY         Letters of Credit, ratably among such parties in proportion to the respective amounts        described in this clause Fourth payable to them; and               Last, the balance, if any, after all of the Obligations have been indefeasibly paid        in full, to the Borrowers or as otherwise required by Law.   Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount of  Letters of Credit pursuant to clause Fourth above shall be applied to satisfy drawings under such  Letters of Credit as they occur.  If any amount remains on deposit as Cash Collateral after all  Letters of Credit have either been fully drawn or expired, such remaining amount shall be  applied to the other Obligations, if any, in the order set forth above.  Excluded Swap Obligations  with respect to any Credit Party shall not be paid with amounts received from such Credit Party  or such Credit Party’s assets, but appropriate adjustments shall be made with respect to payments  from other Credit Parties to preserve the allocation to Obligations otherwise set forth above in  this Section.         9.04  Collection Allocation Mechanism.               (a)   On the CAM Exchange Date, the Lenders shall automatically and without        further action be deemed to have exchanged interests in the Specified Obligations under        the Tranches (and participation interests in Letters of Credit) such that, in lieu of the        interest of each Lender in the Specified Obligations under each Tranche in which it shall        participate as of such date (including the principal, reimbursement, interest and fee        obligations of each Credit Party in respect of each such Tranche) and, if such Lender        holds a Revolving Commitment as of such date, such Lender’s participation interests in        Letters of Credit, such Lender shall own an interest equal to such Lender’s CAM        Percentage in the Specified Obligations under each of the Tranches (including the        principal, reimbursement, interest and fee obligations of each Credit Party in respect of        each such Tranche) and hold a participation interest in each Letter of Credit equal to its        CAM Percentage thereof.  Each Lender, each Participant, each Credit Party and the        Administrative Agent hereby consents and agrees to the CAM Exchange.  Each Lender        and each Credit Party hereby agrees from time to time to execute and deliver to the        Administrative Agent all such promissory notes and other instruments and documents as        the Administrative Agent shall reasonably request to evidence and confirm the respective        interests and obligations of the Lenders after giving effect to the CAM Exchange, and        each Lender agrees to surrender any promissory notes originally received by such Lender        to the Administrative Agent against delivery of any promissory notes so executed and        delivered; provided, however, that the failure of any Credit Party to execute and deliver        or of any Lender to accept any such promissory note, instrument or document shall not        affect the validity or effectiveness of the CAM Exchange.  On the CAM Exchange Date,        each Lender whose funded Exposures after giving effect to the CAM Exchange shall        exceed its funded Exposures before giving effect thereto shall pay to the Administrative        Agent the amount of such excess in the applicable currency or currencies (or, if requested        by the Administrative Agent, in Dollars), and the Administrative Agent shall pay to each        of the Lenders, out of the amount so received by it, the amount by which such Lender’s        funded Exposures before giving effect to the CAM Exchange exceeds such funded        Exposures after giving effect to the CAM Exchange.    NYDOCS02/1161559.5                   125  

 

                                                            EXECUTION COPY               (b)   Each Lender’s obligation to exchange its interests pursuant to the CAM        Exchange shall be absolute and unconditional and shall not be affected by any        circumstance including, without limitation, (i) any setoff, counterclaim, recoupment,        defense or other right which such Lender may have against any other Lender, any Credit        Party or any other Person for any reason whatsoever, (ii) the occurrence or continuance        of a Default, (iii) any adverse change in the condition (financial or otherwise) of any        member of the Consolidated Group or any other Person, (iv) any breach of this Credit        Agreement by any Credit Party, any Lender or any other Person, or (v) any other        circumstance, happening or event whatsoever, whether or not similar to any of the        foregoing.                                    ARTICLE X                                                                      ADMINISTRATIVE AGENT         10.01 Appointment and Authorization of Administrative Agent.  Each of the Lenders  and the L/C Issuers hereby irrevocably appoints Bank of America to act on its behalf as the  Administrative Agent hereunder and under the other Credit Documents and authorizes the  Administrative Agent to take such actions on its behalf and to exercise such powers as are  delegated to the Administrative Agent by the terms hereof or thereof, together with such actions  and powers as are reasonably incidental thereto.  The provisions of this Article are solely for the  benefit of the Administrative Agent, the Lenders and the L/C Issuers, and neither any Borrower  nor any other Credit Party shall have rights as a third party beneficiary of any of such provisions  unless they or their Property are expressly referred to in this Article.         10.02 Rights as a Lender.  The Person serving as the Administrative Agent hereunder  shall have the same rights and powers in its capacity as a Lender as any other Lender and may  exercise the same as though it were not the Administrative Agent and the term “Lender” or  “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires,  include the Person serving as the Administrative Agent hereunder in its individual capacity.   Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as  the financial advisor or in any other advisory capacity for and generally engage in any kind of  banking, trust, financial, advisory, underwriting or other business with EWI or any Subsidiary or  other Affiliate thereof as if such Person were not the Administrative Agent hereunder and  without any duty to account therefor to the Lenders or to provide notice to or consent of the  Lenders with respect thereto.         10.03 Exculpatory Provisions.  The Administrative Agent shall not have any duties or  obligations except those expressly set forth herein and in the other Credit Documents, and its  duties hereunder shall be administrative in nature.  Without limiting the generality of the  foregoing, the Administrative Agent and its Related Parties:               (a)   shall not be subject to any fiduciary or other implied duties, regardless of        whether a Default has occurred and is continuing;               (b)   shall not have any duty to take any discretionary action or exercise any        discretionary powers, except discretionary rights and powers expressly contemplated    NYDOCS02/1161559.5                   126  

 

                                                            EXECUTION COPY         hereby or by the other Credit Documents that the Administrative Agent is required to        exercise as directed in writing by the Required Lenders (or such other number or        percentage of the Lenders as shall be expressly provided for herein or in the other Credit        Documents), provided that the Administrative Agent shall not be required to take any        action that, in its opinion or the opinion of its counsel, may expose the Administrative        Agent to liability or that is contrary to any Credit Document or applicable law, including        for the avoidance of doubt any action that may be in violation of the automatic stay under        any Debtor Relief Law or that may effect a forfeiture modification or termination of        property of a Defaulting Lender in violation of any Debtor Relief Law; and               (c)   shall not, except as expressly set forth herein and in the other Credit        Documents, have any duty or responsibility to disclose, and shall not be liable for the        failure to disclose, any information relating to EWI or any of its Affiliates that is        communicated to or obtained by the Person serving as the Administrative Agent or any of        its Affiliates in any capacity.         Neither the Administrative Agent nor any of its Related Parties shall be liable for any  action taken or not taken by the Administrative Agent under or in connection with this Credit  Agreement or any other Credit Document or the transactions contemplated hereby or thereby (i)  with the consent or at the request of the Required Lenders (or such other number or percentage  of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith  shall be necessary, under the circumstances as provided in Sections 11.01 and 9.02) or (ii) in the  absence of its own gross negligence or willful misconduct.  Any such action taken or failure to  act pursuant to the foregoing shall be binding on all Lenders.  The Administrative Agent shall be  deemed not to have knowledge of any Default unless and until notice describing such Default is  given in writing to the Administrative Agent by a Borrower, a Lender or an L/C Issuer.         Neither the Administrative Agent nor any of its Related Parties shall be responsible for or  have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or  in connection with this Credit Agreement or any other Credit Document, (ii) the contents of any  certificate, report or other document delivered hereunder or thereunder or in connection herewith  or therewith, (iii) the performance or observance of any of the covenants, agreements or other  terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity,  enforceability, effectiveness or genuineness of this Credit Agreement, any other Credit  Document or any other agreement, instrument or document, or the creation, perfection or priority  of any Lien purported to be created hereby, or (v) the satisfaction of any condition set forth in  Article V or elsewhere herein, other than to confirm receipt of items expressly required to be  delivered to the Administrative Agent.         10.04 Reliance by Administrative Agent.  The Administrative Agent shall be entitled to  rely upon, and shall be fully protected in relying and shall not incur any liability for relying  upon, any notice, request, certificate, communication, consent, statement, instrument, document  or other writing (including any electronic message, Internet or intranet website posting or other  distribution) believed by it to be genuine and to have been signed, sent or otherwise  authenticated by the proper Person.  The Administrative Agent may presume that electronic  messages received in accordance with Section 2.02(a) are genuine and to have been sent by the  proper Person.  The Administrative Agent also may rely upon any statement made to it orally or    NYDOCS02/1161559.5                   127  

 

                                                            EXECUTION COPY   by telephone and believed by it to have been made by the proper Person, and shall be fully  protected in relying and shall not incur any liability for relying thereon.  In determining  compliance with any condition hereunder to the making of a Loan, or the issuance, extension,  renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a  Lender or an L/C Issuer, the Administrative Agent may presume that such condition is  satisfactory to such Lender or such L/C Issuer unless the Administrative Agent shall have  received notice to the contrary from such Lender or such L/C Issuer prior to the making of such  Loan or the issuance of such Letter of Credit.  The Administrative Agent may consult with legal  counsel (who may be counsel for the Borrowers), independent accountants and other experts  selected by it, and shall not be liable for any action taken or not taken by it in accordance with  the advice of any such counsel, accountants or experts.         10.05 Delegation of Duties.  The Administrative Agent may perform any and all of its  duties and exercise its rights and powers hereunder or under any other Credit Document by or  through any one or more sub-agents appointed by the Administrative Agent.  The Administrative  Agent and any such sub-agent may perform any and all of its duties and exercise its rights and  powers by or through their respective Related Parties.  The exculpatory provisions of this Article  shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any  such sub-agent, and shall apply to their respective activities in connection with the syndication of  the credit facilities provided for herein as well as activities as Administrative Agent.  The  Administrative Agent shall not be responsible for the negligence or misconduct of any sub- agents except to the extent that a court of competent jurisdiction determines in a final and  nonappealable judgment that the Administrative Agent acted with gross negligence or willful  misconduct in the selection of such sub-agents.         10.06 Resignation of the Administrative Agent.  The Administrative Agent may at any  time give notice of its resignation to the Lenders, the L/C Issuers and the Borrowers.  Upon  receipt of any such notice of resignation, the Required Lenders shall have the right, in  consultation with the Borrowers, to appoint a successor, which shall be a bank with an office in  the United States, or an Affiliate of any such bank with an office in the United States.  If no such  successor shall have been so appointed by the Required Lenders and shall have accepted such  appointment within 30 days after the retiring Administrative Agent gives notice of its  resignation, then the retiring Administrative Agent may on behalf of the Lenders and the L/C  Issuers, appoint a successor Administrative Agent meeting the qualifications set forth above;  provided that if the Administrative Agent shall notify the Borrowers and the Lenders that no  qualifying Person has accepted such appointment, then such resignation shall nonetheless  become effective in accordance with such notice and (1) the retiring Administrative Agent shall  be discharged from its duties and obligations hereunder and under the other Credit Documents  (except that in the case of any collateral security held by the Administrative Agent on behalf of  the Lenders or the L/C Issuers under any of the Credit Documents, the retiring Administrative  Agent shall continue to hold such collateral security until such time as a successor  Administrative Agent is appointed) and (2) all payments, communications and determinations  provided to be made by, to or through the Administrative Agent shall instead be made by or to  each Lender and each L/C Issuer directly, until such time as the Required Lenders appoint a  successor Administrative Agent as provided for above in this Section.  Upon the acceptance of a  successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and  become vested with all of the rights, powers, privileges and duties of the retiring (or retired)    NYDOCS02/1161559.5                   128  

 

                                                            EXECUTION COPY   Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its  duties and obligations hereunder or under the other Credit Documents (if not already discharged  therefrom as provided above in this Section).  The fees payable by the Borrowers to a successor  Administrative Agent shall be the same as those payable to its predecessor unless otherwise  agreed between the Borrowers and such successor.  After the retiring Administrative Agent’s  resignation hereunder and under the other Credit Documents, the provisions of this Article and  Section 11.04 shall continue in effect for the benefit of such retiring Administrative Agent, its  sub-agents and their respective Related Parties in respect of any actions taken or omitted to be  taken by any of them while the retiring Administrative Agent was acting as Administrative  Agent.         Any resignation by Bank of America as Administrative Agent pursuant to this Section  shall also constitute its resignation as L/C Issuer and Swingline Lender.  Upon the acceptance of  a successor’s appointment as Administrative Agent hereunder, (a) such successor shall succeed  to and become vested with all of the rights, powers, privileges and duties of the retiring L/C  Issuer and Swingline Lender, (b) the retiring L/C Issuer and Swingline Lender shall be  discharged from all of their respective duties and obligations hereunder or under the other Credit  Documents, and (c) the successor L/C Issuer shall issue letters of credit in substitution for the  Letters of Credit, if any, outstanding at the time of such succession or make other arrangement  satisfactory to the retiring L/C Issuer to effectively assume the obligations of the retiring L/C  Issuer with respect to such Letters of Credit.         10.07 Non-Reliance on Administrative Agent and Other Lenders.  Each of the Lenders  and the L/C Issuers acknowledges that it has, independently and without reliance upon the  Administrative Agent or any other Lender or any of their Related Parties and based on such  documents and information as it has deemed appropriate, made its own credit analysis and  decision to enter into this Credit Agreement.  Each of the Lender and the L/C Issuers also  acknowledges that it will, independently and without reliance upon the Administrative Agent or  any other Lender or any of their Related Parties and based on such documents and information as  it shall from time to time deem appropriate, continue to make its own decisions in taking or not  taking action under or based upon this Credit Agreement, any other Credit Document or any  related agreement or any document furnished hereunder or thereunder.         10.08 No Other Duties.  Anything herein to the contrary notwithstanding, none of the  Joint Lead Arrangers, Joint Book Managers, Syndication Agents or Co-Documentation Agents  listed on the cover page hereof shall have any powers, duties or responsibilities under this Credit  Agreement or any of the other Credit Documents, except in their respective capacities, as  applicable, as Administrative Agent, Lender or L/C Issuer hereunder.         10.09 Administrative Agent May File Proofs of Claim.  In case of the pendency of any  proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Credit  Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C  Obligation shall then be due and payable as herein expressed or by declaration or otherwise and  irrespective of whether the Administrative Agent shall have made any demand on the Borrowers)  shall be entitled and empowered, by intervention in such proceeding or otherwise:    NYDOCS02/1161559.5                   129  

 

                                                            EXECUTION COPY               (a)   to file and prove a claim for the whole amount of the principal and interest        owing and unpaid in respect of the Loans, L/C Obligations and all other Obligations        (other than obligations under Swap Contracts or Treasury Management Agreements to        which the Administrative Agent is not a party) that are owing and unpaid and to file such        other documents as may be necessary or advisable in order to have the claims of the        Lenders, the L/C Issuers and the Administrative Agent (including any claim for the        reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C        Issuers and the Administrative Agent and their respective agents and counsel and all        other amounts due the Lenders, the L/C Issuers and the Administrative Agent under        Sections 2.09 and 11.04) allowed in such judicial proceeding; and               (b)   to collect and receive any monies or other property payable or deliverable        on any such claims and to distribute the same;   and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in  any such judicial proceeding is hereby authorized by each Lender and each L/C Issuer to make  such payments to the Administrative Agent and, in the event that the Administrative Agent shall  consent to the making of such payments directly to the Lenders and the L/C Issuers, to pay to the  Administrative Agent any amount due for the reasonable compensation, expenses, disbursements  and advances of the Administrative Agent and its agents and counsel, and any other amounts due  the Administrative Agent under Sections 2.09 and 11.04.         Nothing contained herein shall be deemed to authorize the Administrative Agent to  authorize or consent to or accept or adopt on behalf of any Lender or any L/C Issuer any plan of  reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of  any Lender or any L/C Issuer to authorize the Administrative Agent to vote in respect of the  claim of any Lender or any L/C Issuer in any such proceeding.         10.10 Guaranty Matters.  The Lenders and the L/C Issuers irrevocably authorize and  direct the Administrative Agent, to release any Subsidiary Guarantor from its obligations under  the Subsidiary Guaranty (a) if such Person ceases to be a Subsidiary as a result of a transaction  permitted hereunder and (b) upon satisfaction of the conditions set forth in Section 4.09.         Upon request by the Administrative Agent or any Credit Party at any time, the Required  Lenders will confirm in writing the authority of the Administrative Agent to release any  Guarantor from its obligations hereunder pursuant to this Section 10.10.         10.11 Swap Contracts and Treasury Management Agreements.  No Lender or any  Affiliate of a Lender that is party to any Swap Contract or any Treasury Management Agreement  permitted hereunder that obtains the benefits of Section 9.03 by virtue of the provisions hereof  shall have any right to notice of any action or to consent to, direct or object to any action  hereunder or under any other Credit Document or otherwise (including the release or impairment  of any Guaranty) other than in its capacity as a Lender and, in such case, only to the extent  expressly provided in the Credit Documents.  Notwithstanding any other provision of this Article  X to the contrary, the Administrative Agent shall not be required to verify the payment of, or that  other satisfactory arrangements have been made with respect to, Obligations arising under Swap  Contracts and Treasury Management Agreements unless the Administrative Agent has received    NYDOCS02/1161559.5                   130  

 

                                                            EXECUTION COPY   written notice of such Obligations, together with such supporting documentation as the  Administrative Agent may request, from the applicable Lender or Affiliate of a Lender that is  party to such Swap Contract or such Treasury Management Agreement, as the case may be.         10.12 Lender ERISA Matters.  (a)  Each Lender (x) represents and warrants, as of the  date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person  became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the  benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of  EWI or any other Credit Party, that at least one of the following is and will be true:                      (i)   such Lender is not using “plan assets” (within the meaning of              Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect              of such Lender’s entrance into, participation in, administration of an performance              of the Loans, the Letters of Credit, the Revolving Commitments or this Credit              Agreement,                     (ii)  the transaction exemption set forth in one or more PTEs, such as              PTE 84-14 (a class exemption for certain transactions determined by independent              qualified professional asset managers), PTE 95-60 (a class exemption for certain              transactions involving insurance company general accounts), PTE 90-1 (a class              exemption for certain transactions involving insurance company pooled separate              accounts), PTE 91-38 (a class exemption for certain transactions involving bank              collective investment funds) or PTE 96-23 (a class exemption for certain              transactions determined by in-house asset managers), is applicable with respect to              such Lender’s entrance into, participation in, administration of and performance              of the Loans, the Letters of Credit, the Revolving Commitments and this Credit              Agreement,                     (iii) (A) such Lender is an investment fund managed by a “Qualified              Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B)              such Qualified Professional Asset Manager made the investment decision on              behalf of such Lender to enter into, participate in, administer and perform the              Loans, the Letters of Credit, the Revolving Commitments and this Credit              Agreement, (C) the entrance into, participation in, administration of and              performance of the Loans, the Letters of Credit, the Revolving Commitments and              this Credit Agreement satisfies the requirements of sub-sections (b) through (g) of              Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the              requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to              such Lender’s entrance into, participation in, administration of and performance              of the Loans, the Letters of Credit, the Revolving Commitments and this Credit              Agreement, or                     (iv)  such other representation, warranty and covenant as may be agreed              in writing between the Administrative Agent, in its sole discretion, and such              Lender.    NYDOCS02/1161559.5                   131  

 

                                                            EXECUTION COPY               (b)   In addition, unless either (1) sub-clause (i) in the immediately preceding        clause (a) is true with respect to a Lender or (2) a Lender has provided another        representation, warranty and covenant in accordance with sub-clause (iv) in the        immediately preceding clause (a), such Lender further (x) represents and warrants, as of        the date such Person became a Lender party hereto, to, and (y) covenants, from the date        such Person became a Lender party hereto to the date such Person ceases being a Lender        party hereto, for the benefit of, the Administrative Agent and not, for the avoidance of        doubt, to or for the benefit of EWI or any other Loan Party, that the Administrative Agent        is not a fiduciary with respect to the assets of such Lender involved in such Lender’s        entrance into, participation in, administration of and performance of the Loans, the        Letters of Credit, the Revolving Commitments and this Credit Agreement (including in        connection with the reservation or exercise of any rights by the Administrative Agent        under this Credit Agreement or any Credit Document or any documents related hereto or        thereto).         A used in this Section 10.12:         “Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is  subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Internal Revenue Code  or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for  purposes of Title I of ERISA or Section 4975 of the Internal Revenue Code) the assets of any  such “employee benefit plan” or “plan”.         “PTE” means a prohibited transaction class exemption issued by the U.S. Department of  Labor, as any such exemption may be amended from time to time.                                            ARTICLE XI                                                                          MISCELLANEOUS         11.01 Amendments, Etc.  Except as expressly provided in this Section or in Section  3.03(c), no amendment or waiver of, or any consent to deviation from, any provision of this  Credit Agreement or any other Credit Document shall be effective unless in writing and signed  by the Required Lenders (or by the Administrative Agent on behalf of the Required Lenders  upon receipt of a consent and direction letter from the Required Lenders) and the applicable  Borrowers and Credit Parties, as the case may be, and acknowledged by the Administrative  Agent, and each such amendment, waiver or consent shall be effective only in the specific  instance and for the specific purpose for which it is given; provided, however, that:               (a)   no such amendment, waiver or consent (however characterized) shall be        effective without the written consent of each Lender directly affected thereby (whose        consent shall be sufficient therefor without the consent of the Required Lenders) to:                     (i)   extend or increase the Revolving Commitments of any Lender (or              reinstate any Revolving Commitment terminated pursuant to Section 9.02),              without the written consent of such Lender (it being understood and agreed that    NYDOCS02/1161559.5                   132  

 

                                                            EXECUTION COPY               amendment or waiver of any condition precedent set forth in Section 5.02 or of              any Default or a mandatory reduction in Commitments shall not be considered an              extension or increase in Commitments for purposes hereof);                     (ii)  waive non-payment or postpone any date fixed by this Credit              Agreement or any other Credit Document for any payment (excluding mandatory              prepayments) of principal, interest, fees or other amount due to the Lenders (or              any of them) or any scheduled reduction of Commitments hereunder or under any              other Credit Document without the written consent of each Lender entitled to              receive such payment or whose Commitments are to be reduced;                     (iii) reduce the principal of, or the rate of interest specified herein on,              any Loan or L/C Borrowing, or (subject to clause (v) of the last proviso of this              Section 11.01) any fees or other amounts payable hereunder or under any other              Credit Document without the written consent of each Lender entitled to receive              such amount; provided, however, that only the consent of the Required Lenders              shall be necessary (A) to amend the definition of “Default Rate” or to waive any              obligation of the Borrowers to pay interest or Letter of Credit Fees at the Default              Rate or (B) to amend any financial covenant hereunder (or any defined term used              therein) even if the effect of such amendment would be to reduce the rate of              interest on any Loan or L/C Borrowing or to reduce any fee payable hereunder;                     (iv)  amend Section 1.06 or the definition of “Alternative Currency”;                     (v)   change any provision of this Section 11.01(a) or the definition of              “Required Lenders” or any other provision hereof specifying the number or              percentage of Lenders required to amend, waive or otherwise modify any rights              hereunder or make any determination or grant any consent hereunder, or                     (vi)  release all or substantially all of the Guarantors from their              obligations under the Credit Documents (other than as provided in Section 4.09 as              in effect on the Closing Date);               (b)   unless also signed by the Required USD Lenders, no such amendment,        waiver or consent shall:                     (i)   waive any Default for purposes of Section 5.02,                     (ii)  amend or waive any mandatory prepayment on Master Revolving              Loan Obligations under Section 2.06(b) or the manner of application thereof to              the Master Revolving Loan Obligations under Section 2.06(c), or                     (iii) amend or waive the provisions of Section 5.02 (Conditions to all              Credit Extensions), Section 7.13 (Joinder of Subsidiaries as Guarantors), Article              VIII (Negative Covenants), Article IX (Events of Default and Remedies), this              Section 11.01(b) or the definition of “Required USD Lenders”;    NYDOCS02/1161559.5                   133  

 

                                                            EXECUTION COPY               (c)   unless also consented to in writing by the affected L/C Issuer, no such        amendment, waiver or consent shall affect the rights or duties of such L/C Issuer under        this Credit Agreement or any Issuer Document relating to any Letter of Credit issued or        to be issued by it;               (d)   unless also consented to in writing by the affected Swingline Lender, no        such amendment, waiver or consent shall affect the rights or duties of such Swingline        Lender under this Credit Agreement;                (e)   unless also consented to in writing by the Administrative Agent, no such        amendment, waiver or consent shall affect the rights or duties of the Administrative        Agent under this Credit Agreement or any other Credit Document; and               (f)   (i)  in the case of any USD Lender that, as of the date hereof (x) is not also        a Primary Currency Lender or (y) is not also a Secondary Currency Lender, such Lender        may request that Schedule 2.01 be amended to provide that such Lender shall have a        Primary Currency Committed Amount and/or a Secondary Currency Committed Amount        equal to its USD Committed Amount, and such amendment shall be effective with the        consent of only EWI, the Administrative Agent, each applicable Swingline Lender and        such Lender, and (ii) in the case of any Primary Currency Lender or Secondary Currency        Lender, the Primary Currency Committed Amount and/or a Secondary Currency        Committed Amount of such Lender may be terminated by an amendment to Section 2.01,        which amendment shall be effective with the consent of only EWI, the Administrative        Agent and such Lender;   provided however, that notwithstanding anything to the contrary contained herein, (i) no  Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or  consent hereunder (any amendment, waiver or consent which by its terms requires the consent of  all Lenders or each affected Lender may be effected with the consent of the applicable Lenders  other than Defaulting Lenders), except that (A) the Revolving Commitments of such Lender may  not be increased or extended without the consent of such Lender and (B) any waiver, amendment  or modification requiring the consent of all Lenders or each affected Lender that by its terms  affects any Defaulting Lender more adversely than other affected Lenders shall require the  consent of such Defaulting Lender, (ii) each Lender is entitled to vote as such Lender sees fit on  any bankruptcy or insolvency reorganization plan that affects the Loans, (iii) each Lender  acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code supersedes the  unanimous consent provisions set forth herein, (iv) the Required Lenders may consent to allow a  Credit Party to use cash collateral in the context of a bankruptcy or insolvency proceeding and  any such determination shall be binding on all the Lenders, and (v) the Fee Letters may be  amended, or rights or privileges thereunder waived, in a writing executed only by the parties  thereto.   Notwithstanding any provision herein to the contrary, this Credit Agreement may be amended  (or amended and restated) with the written consent of the Credit Parties and the Administrative  Agent for the Incremental Credit Facilities contemplated in subsection (d) and (e) of Section  2.01, and otherwise, with the written consent of the Required Lenders, the Administrative Agent  and the Credit Parties (i) to add one or more additional revolving credit facilities to this Credit    NYDOCS02/1161559.5                   134  

 

                                                            EXECUTION COPY   Agreement and to permit the extensions of credit and all related obligations and liabilities arising  in connection therewith from time to time outstanding to share ratably (or on a basis  subordinated to the existing facilities hereunder) in the benefits of this Credit Agreement and the  other Credit Documents with the obligations and liabilities from time to time outstanding in  respect of the existing facilities hereunder, and (ii) in connection with the foregoing, to permit, as  deemed appropriate by the Administrative Agent and approved by the Required Lenders, the  Lenders providing such additional credit facilities to participate in any required vote or action  required to be approved by the Required Lenders or by any other number, percentage or class of  Lenders hereunder.   Further, notwithstanding anything herein to the contrary, if following the Closing Date, the  Administrative Agent and EWI shall have agreed in their sole and absolute discretion that there  is an ambiguity, inconsistency, manifest error or any error or omission of a technical or  immaterial nature, in each case, in any provision of the Credit Documents, then the  Administrative Agent and EWI shall be permitted to jointly amend such provision and such  amendment shall become effective without any further action or consent of any other party to  any Credit Documents if the same is not objected to in writing by the Required Lenders within  ten Business Days following receipt of notice thereof (it being understood that the  Administrative Agent has no obligation to agree to any such amendment).         11.02 Notices; Effectiveness; Electronic Communication.               (a)   Notices Generally.  Except in the case of notices and other        communications expressly permitted to be given by telephone (and except as provided in        subsection (b) below), all notices and other communications provided for herein shall be        in writing and shall be delivered by hand or overnight courier service, mailed by certified        or registered mail or sent by telecopier as follows, and all notices and other        communications expressly permitted hereunder to be given by telephone shall be made to        the applicable telephone number, as follows:                     (i)   if to any Credit Party, the Administrative Agent, any L/C Issuer or              any Swingline Lender, to the address, telecopier number, electronic mail address              or telephone number specified for such Person on Schedule 11.02 (as such              schedule may be updated from time to time); and                     (ii)  if to any other Lender, to the address, telecopier number, electronic              mail address or telephone number specified in its Administrative Questionnaire              (including, as appropriate, notices delivered solely to the Person designated by a              Lender on its Administrative Questionnaire then in effect for the delivery of              notices that may contain material non-public information relating to the Credit              Parties).   Notices and other communications sent by hand or overnight courier service, or mailed by  certified or registered mail, shall be deemed to have been given when received; notices and other  communications sent by telecopier shall be deemed to have been given when sent (except that, if  not given during normal business hours for the recipient, shall be deemed to have been given at  the opening of business on the next Business Day for the recipient).  Notices and other    NYDOCS02/1161559.5                   135  

 

                                                            EXECUTION COPY   communications delivered through electronic communications to the extent provided in  subsection (b) below, shall be effective as provided in such subsection (b).               (b)   Electronic Communications.  Notices and other communications to the        Lenders and the L/C Issuers hereunder may be delivered or furnished by electronic        communication (including e-mail and Internet or intranet websites) pursuant to        procedures approved by the Administrative Agent, provided that the foregoing shall not        apply to notices to any Lender or any L/C Issuer pursuant to Article II if such Lender or        such L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable        of receiving notices under such Article by electronic communication.  The Administrative        Agent or the any Borrower may, in its discretion, agree to accept notices and other        communications to it hereunder by electronic communications pursuant to procedures        approved by it, provided that approval of such procedures may be limited to particular        notices or communications.   Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent  to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement  from the intended recipient (such as by the “return receipt requested” function, as available,  return e-mail or other written acknowledgement), provided that if such notice or other  communication is not sent during the normal business hours of the recipient, such notice or  communication shall be deemed to have been sent at the opening of business on the next  business day for the recipient, and (ii) notices or communications posted to an Internet or intranet  website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail  address as described in the foregoing clause (i) of notification that such notice or communication  is available and identifying the website address therefor.               (c)   The Platform.  THE PLATFORM IS PROVIDED “AS IS” AND “AS        AVAILABLE.”  THE AGENT PARTIES (AS DEFINED BELOW) DO NOT        WARRANT THE ACCURACY OR COMPLETENESS OF THE CREDIT PARTY        MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY        DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE CREDIT        PARTY MATERIALS.  NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR        STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY,        FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD        PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS        MADE BY ANY AGENT PARTY IN CONNECTION WITH THE CREDIT PARTY        MATERIALS OR THE PLATFORM.  In no event shall the Administrative Agent or any        of its Related Parties (collectively, the “Agent Parties”) have any liability to any        Borrower or any other Credit Party, any Lender, any L/C Issuer or any other Person for        losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or        otherwise) arising out of any Borrower’s or any other Credit Party’s or the        Administrative Agent’s transmission of Credit Party Materials through the Internet,        except to the extent that such losses, claims, damages, liabilities or expenses are        determined by a court of competent jurisdiction by a final and nonappealable judgment to        have resulted from the gross negligence or willful misconduct of such Agent Party;        provided, however, that in no event shall any Agent Party have any liability to any        Borrower or any other Credit Party, any Lender, any L/C Issuer or any other Person for    NYDOCS02/1161559.5                   136  

 

                                                            EXECUTION COPY         indirect, special, incidental, consequential or punitive damages (as opposed to direct or        actual damages).               (d)   Change of Address, Etc.  Each of the Borrowers, the Administrative        Agent, the L/C Issuers and the Swingline Lenders may change its address, telecopier or        telephone number for notices and other communications hereunder by notice to the other        parties hereto.  Each other Lender may change its address, telecopier or telephone        number for notices and other communications hereunder by notice to the Borrowers, the        Administrative Agent, the L/C Issuers and the Swingline Lenders.  In addition, each        Lender agrees to notify the Administrative Agent from time to time to ensure that the        Administrative Agent has on record (i) an effective address, contact name, telephone        number, telecopier number and electronic mail address to which notices and other        communications may be sent and (ii) accurate wire instructions for such Lender.         Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of        such Public Lender to at all times have selected the “Private Side Information” or similar        designation on the content declaration screen of the Platform in order to enable such        Public Lender or its delegate, in accordance with such Public Lender’s compliance        procedures and applicable Law, including United States Federal and state securities        Laws, to make reference to Credit Party Materials that are not made available through the        “Public Side Information” portion of the Platform and that may contain material        non-public information with respect to any Credit Party or its securities for purposes of        United States Federal or state securities laws.               (e)   Reliance by Administrative Agent, L/C Issuers and Lenders.  The        Administrative Agent, the L/C Issuers and the Lenders shall be entitled to rely and act        upon any notices (including telephonic Loan Notices and Swingline Loan Notices)        purportedly given by or on behalf of any Borrower even if (i) such notices were not made        in a manner specified herein, were incomplete or were not preceded or followed by any        other form of notice specified herein, or (ii) the terms thereof, as understood by the        recipient, varied from any confirmation thereof.  Each Borrower shall indemnify the        Administrative Agent, each L/C Issuer, each Lender and the Related Parties of each of        them from all losses, costs, expenses and liabilities resulting from the reliance by such        Person on each notice purportedly given by or on behalf of any Borrower.  All telephonic        notices to and other telephonic communications with the Administrative Agent may be        recorded by the Administrative Agent, and each of the parties hereto hereby consents to        such recording.         11.03 No Waiver; Cumulative Remedies; Enforcement.  No failure by any Lender, any  L/C Issuer, Swingline Lender or the Administrative Agent to exercise, and no delay by any such  Person in exercising, any right, remedy, power or privilege hereunder or under any other Credit  Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right,  remedy, power or privilege hereunder (including the imposition of the Default Rate) preclude  any other or further exercise thereof or the exercise of any other right, remedy, power or  privilege.  The rights, remedies, powers and privileges herein provided and provided under each  of the other Credit Documents are cumulative and not exclusive of any rights, remedies, powers  and privileges provided by law.    NYDOCS02/1161559.5                   137  

 

                                                            EXECUTION COPY         Notwithstanding anything to the contrary contained herein or in any other Credit  Document, the authority to enforce rights and remedies hereunder and under the other Credit  Documents against the Credit Parties or any of them shall be vested exclusively in, and all  actions and proceedings at law in connection with such enforcement shall be instituted and  maintained exclusively by, the Administrative Agent in accordance with Section 9.02 for the  benefit of all the Lenders and the L/C Issuers; provided, however, that the foregoing shall not  prohibit (a) the Administrative Agent from exercising on its own behalf the rights and remedies  that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the  other Credit Documents, (b) the L/C Issuers or the Swingline Lenders from exercising the rights  and remedies that inure to their benefit (solely in their capacity as L/C Issuer or Swingline  Lender, as the case may be) hereunder and under the other Credit Documents, (c) any Lender  from exercising setoff rights in accordance with Section 11.08 (subject to the terms of Section  2.12), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own  behalf during the pendency of a proceeding relative to any Credit Party under any Debtor Relief  Law; and provided further, that if at any time there is no Person acting as Administrative Agent  hereunder and under the other Credit Documents, then (i) the Required Lenders shall have the  rights otherwise ascribed to the Administrative Agent pursuant to Section 9.02 and (ii) in  addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to  Section 2.12, any Lender may, with the consent of the Required Lenders, enforce any rights and  remedies available to it and as authorized by the Required Lenders.         11.04 Expenses; Indemnity; Damage Waiver.               (a)   Costs and Expenses.  The Borrowers shall pay (i) all reasonable        out-of-pocket expenses incurred by the Administrative Agent and is Affiliates (including        the reasonable fees, charges and disbursements of Shearman & Sterling LLP, as counsel        to the Administrative Agent and the Lenders and of special and local counsel to the        Administrative Agent and the Lenders; provided that, in the case of the foregoing        expenses and fees, the Administrative Agent and the Lenders will not engage more than        one counsel in each sovereign jurisdiction without EWI’s prior written consent), in        connection with the syndication of the credit facilities provided for herein, the        preparation, negotiation, execution, delivery and administration of this Credit Agreement        and the other Credit Documents or any amendments, modifications or waivers of the        provisions hereof or thereof (whether or not the transactions contemplated hereby or        thereby shall be consummated), (ii) all reasonable out-of-pocket expenses incurred by        any L/C Issuer in connection with the issuance, amendment, renewal or extension of any        Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket        expenses incurred by the Administrative Agent, any Lender or any L/C Issuer (including        the fees, charges and disbursements of any counsel for the Administrative Agent, any        Lender or any L/C Issuer (but limited to the reasonable fees and expenses of one outside        law firm for the Administrative Agent and the Lenders taken as a whole, and, if necessary        and appropriate, one local counsel and one regulatory counsel for the Administrative        Agent and the Lenders taken as a whole in each appropriate jurisdiction, unless (x) the        interests of the Administrative Agent and the Lenders are sufficiently divergent, in which        case additional counsel may be appointed, as necessary and appropriate, and (y) if the        interests of any Lender or group of Lenders are distinctly or disproportionately affected,        one additional counsel for each such Lender or group of Lenders)), in connection with the    NYDOCS02/1161559.5                   138  

 

                                                            EXECUTION COPY         enforcement or protection of its rights (A) in connection with this Credit Agreement and        the other Credit Documents, including its rights under this Section, or (B) in connection        with the Loans made or Letters of Credit issued hereunder, including all such        out-of-pocket expenses incurred during any workout, restructuring or related negotiations        in respect of such Loans or Letters of Credit.               (b)   Indemnification by the Borrowers.  The Borrowers shall indemnify the        Administrative Agent (and any sub-agent thereof), the Arrangers, each Lender and each        L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person        being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and        all losses, claims, damages, liabilities and related expenses (including the reasonable fees,        charges and disbursements of any counsel for any Indemnitee, but limited to the        reasonable fees and expenses of one outside law firm for the Administrative Agent and        the Lenders taken as a whole, and, if necessary and appropriate, one local counsel and        one regulatory counsel for the Administrative Agent and the Lenders taken as a whole in        each appropriate jurisdiction, unless (i) the interests of the Administrative Agent and the        Lenders are sufficiently divergent, in which case additional counsel may be appointed, as        necessary and appropriate, and (y) if the interests of any Lender or group of Lenders are        distinctly or disproportionately affected, one additional counsel for each such Lender or        group of Lenders), incurred by any Indemnitee or asserted against any Indemnitee by any        third party or by any Borrower or any other Credit Party arising out of, in connection        with, or as a result of (i) the execution or delivery of this Credit Agreement, any other        Credit Document or any agreement or instrument contemplated hereby or thereby, the        performance by the parties hereto of their respective obligations hereunder or thereunder        or the consummation of the transactions contemplated hereby or thereby, or, in the case        of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the        administration of this Credit Agreement and the other Credit Documents, (ii) any Loan or        Letter of Credit or the use or proposed use of the proceeds therefrom (including any        refusal by an L/C Issuer to honor a demand for payment under a Letter of Credit if the        documents presented in connection with such demand do not strictly comply with the        terms of such Letter of Credit), (iii) any actual or alleged presence or release of        Hazardous Materials on or from any property owned or operated by any Borrower or any        of its Subsidiaries, or any Environmental Liability related in any way to any Borrower or        any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or        proceeding relating to any of the foregoing, whether based on contract, tort or any other        theory, whether brought by a third party or by any Borrower or any other Credit Party,        and regardless of whether any Indemnitee is a party thereto; provided that such indemnity        shall not, as to any Indemnitee, be available to the extent that such losses, claims,        damages, liabilities or related expenses (x) are determined by a court of competent        jurisdiction by final and nonappealable judgment to have resulted from the gross        negligence or willful misconduct of, or material breach of a Credit Document by, such        Indemnitee or (y) arise from disputes solely among Indemnitees, and in such event solely        to the extent that the underlying dispute does not (1) arise as a result of an action, inaction        or representation of, or information provided by or on behalf of the Consolidated Group        or (2) relate to any such action by such Indemnitee in its capacity as Administrative        Agent or Arrangers.    NYDOCS02/1161559.5                   139  

 

                                                            EXECUTION COPY               (c)   Reimbursement by Lenders.  To the extent that any Borrower for any        reason fails to indefeasibly pay any amount required under subsection (a) or (b) of this        Section to be paid by it to the Administrative Agent (or any sub-agent thereof), an L/C        Issuer or any Related Party of any of the foregoing, each Lender severally agrees to pay        to the Administrative Agent (or any such sub-agent), such L/C Issuer or such Related        Party, as the case may be, such Lender’s pro rata share (determined in each case as of the        time that the applicable unreimbursed expense or indemnity payment is sought) of such        unpaid amount, provided that the unreimbursed expense or indemnified loss, claim,        damage, liability or related expense, as the case may be, was incurred by or asserted        against the Administrative Agent (or any such sub-agent) or such L/C Issuer in its        capacity as such, or against any Related Party of any of the foregoing acting for the        Administrative Agent (or any such sub-agent) or an L/C Issuer in connection with such        capacity.  The obligations of the Lenders under this subsection (c) are subject to the        provisions of Section 2.11(d).               (d)   Waiver of Consequential Damages, Etc.  Except as set forth in the last        sentence of this Section, to the fullest extent permitted by applicable law, the Borrowers        shall not assert, and hereby waive, any claim against any Indemnitee, on any theory of        liability, for special, indirect, consequential or punitive damages (as opposed to direct or        actual damages) arising out of, in connection with, or as a result of, this Credit        Agreement, any other Credit Document or any agreement or instrument contemplated        hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or        the use of the proceeds thereof.  Except as set forth in the last sentence of this Section, no        Indemnitee referred to in subsection (b) above shall be liable for any damages arising        from the use by unintended recipients of any information or other materials distributed to        such unintended recipients by such Indemnitee through telecommunications, electronic or        other information transmission systems in connection with this Credit Agreement or the        other Credit Documents or the transactions contemplated hereby or thereby other than for        direct or actual damages resulting from the gross negligence or willful misconduct of or        material breach of any Credit Document by, such Indemnitee as determined by a final        and nonappealable judgment of a court of competent jurisdiction.               (e)   Payments.  All amounts due under this Section shall be payable not later        than ten Business Days after demand therefor.               (f)   Survival.  The agreements in this Section shall survive the resignation of        the Administrative Agent, any L/C Issuer and any Swingline Lender, the replacement of        any Lender, the termination of the Revolving Commitments and the repayment,        satisfaction or discharge of all the other obligations hereunder or under any of the other        Credit Documents.         11.05 Payments Set Aside.  To the extent that any payment by or on behalf of any  Borrower is made to the Administrative Agent, any L/C Issuer or any Lender, or the  Administrative Agent, any L/C Issuer or any Lender exercises its right of setoff, and such  payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared  to be fraudulent or preferential, set aside or required (including pursuant to any settlement  entered into by the Administrative Agent, such L/C Issuer or such Lender in its discretion) to be    NYDOCS02/1161559.5                   140  

 

                                                            EXECUTION COPY   repaid to a trustee, receiver or any other party, in connection with any proceeding under any  Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part  thereof originally intended to be satisfied shall be revived and continued in full force and effect  as if such payment had not been made or such setoff had not occurred, and (b) each Lender and  each L/C Issuer severally agrees to pay to the Administrative Agent on demand its applicable  share (without duplication) of any amount so recovered from or repaid by the Administrative  Agent, plus interest thereon from the date of such demand to the date such payment is made at a  rate per annum equal to the applicable Overnight Rate from time to time in effect, in the  applicable currency of such recovery or payment.  The obligations of the Lenders and the L/C  Issuers under clause (b) of the preceding sentence shall survive the payment in full of the  Obligations and the termination of this Credit Agreement.         11.06 Successors and Assigns.               (a)   Successors and Assigns Generally.  The provisions of this Credit        Agreement and the other Credit Documents shall be binding upon and inure to the benefit        of the parties hereto and thereto and their respective successors and assigns permitted        hereby, except that neither any Borrower nor any other Credit Party may assign or        otherwise transfer any of its rights or obligations hereunder without the prior written        consent of the Administrative Agent and each Lender and no Lender may assign or        otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible        Assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way        of participation in accordance with the provisions of subsection (d) of this Section, or (iii)        by way of pledge or assignment of a security interest subject to the restrictions of        subsection (f) of this Section (and any other attempted assignment or transfer by any        party hereto shall be null and void).  Nothing in this Credit Agreement, expressed or        implied, shall be construed to confer upon any Person (other than the parties hereto, their        respective successors and assigns permitted hereby, Participants to the extent provided in        subsection (d) of this Section and, to the extent expressly contemplated hereby, the        Related Parties of each of the Administrative Agent, the L/C Issuers and the Lenders) any        legal or equitable right, remedy or claim under or by reason of this Credit Agreement.               (b)   Assignments by Lenders.  Any Lender may at any time assign to one or        more Eligible Assignees all or a portion of its rights and obligations under this Credit        Agreement and the other Credit Documents (including all or a portion of its Commitment        and the Loans (including for purposes of this subsection (b), participations in L/C        Obligations and in Swingline Loans) at the time owing to it); provided that any such        assignment shall be subject to the following conditions:                     (i)   Minimum Amounts.                           (A)   in the case of an assignment of the entire remaining amount                    of the assigning Lender’s Revolving Commitments and the related Loans                    at the time owing to it or in the case of an assignment to a Lender, an                    Affiliate of a Lender or an Approved Fund, no minimum amount need be                    assigned; and    NYDOCS02/1161559.5                   141  

 

                                                            EXECUTION COPY                           (B)   in any case not described in subsection (b)(i)(A) of this                    Section, the aggregate amount of the Revolving Commitments (which for                    this purpose includes Loans outstanding thereunder) or, if the Revolving                    Commitments are not then in effect, the principal outstanding balance of                    the Loans of the assigning Lender subject to each such assignment,                    determined as of the date the Assignment and Assumption with respect to                    such assignment is delivered to the Administrative Agent or, if “Trade                    Date” is specified in the Assignment and Assumption, as of the Trade                    Date, shall not be less than $5 million unless (x) the revolving                    commitments (and the revolving loans relating thereto) subject to such                    assignment is the full amount of the assignor’s interest therein, as                    applicable, or (y) each of the Administrative Agent and, so long as no                    Event of Default has occurred and is continuing, EWI otherwise consents                    (each such consent not to be unreasonably withheld or delayed); provided,                    however, that concurrent assignments to members of an Assignee Group                    and concurrent assignments from members of an Assignee Group to a                    single Eligible Assignee (or to an Eligible Assignee and members of its                    Assignee Group) will be treated as a single assignment for purposes of                    determining whether such minimum amount has been met; and                           (C)   The value of the rights assigned or transferred must at least                    be EUR 50,000 (or its equivalent in other currencies) or, if the value is                    lower, the assignee or transferee qualifies as a professional market party                    under the terms of the Dutch Financial Supervision Act (Wet op het                    Financieel Toezicht).                     (ii)  Proportionate Amounts.  Each partial assignment shall be made as              an assignment of a proportionate part of all the assigning Lender’s rights and              obligations under this Credit Agreement with respect to the Loans or the              Revolving Commitment assigned, except that this clause (ii) shall not (A) apply to              any Swingline Lender’s rights and obligations in respect of Swingline Loans or              (B) prohibit any Lender from assigning all or a portion of its rights and              obligations among its separate revolving commitments (and the revolving loans              relating thereto) on a non-pro rata basis;                     (iii) Required Consents.  No consent shall be required for any              assignment except to the extent required by subsection (b)(i)(B) of this Section              and, in addition:                           (A)   the consent of EWI (such consent not to be unreasonably                    withheld or delayed) shall be required unless (1) an Event of Default has                    occurred and is continuing at the time of such assignment or (2) such                    assignment is to a Lender, an Affiliate of a Lender or an Approved Fund;                    provided that EWI shall be deemed to have consented to any such                    assignment unless it shall object thereto by written notice to the                    Administrative Agent within five (5) Business Days after having received                    notice thereof;    NYDOCS02/1161559.5                   142  

 

                                                            EXECUTION COPY                           (B)   the consent of the Administrative Agent (such consent not                    to be unreasonably withheld or delayed) shall be required if such                    assignment is to a Person that is not a Lender, an Affiliate of such Lender                    or an Approved Fund with respect to such Lender;                           (C)   the consent of the applicable L/C Issuer (such consent not                    to be unreasonably withheld or delayed) shall be required for any                    assignment that increases the obligation of the assignee to participate in                    exposure under one or more Letters of Credit (whether or not then                    outstanding); and                           (D)   the consent of the applicable Swingline Lender (such                    consent not to be unreasonably withheld or delayed) shall be required for                    any assignment in respect of a Revolving Commitment relating thereto.                     (iv)  Assignment and Assumption.  The parties to each assignment shall              execute and deliver to the Administrative Agent an Assignment and Assumption,              together with a processing and recordation fee in the amount of $3,500 (other than              an assignment pursuant to Section 11.13); provided, however, that the              Administrative Agent may, in its sole discretion, elect to waive such processing              and recordation fee in the case of any assignment.  The assignee, if it is not a              Lender, shall deliver to the Administrative Agent an Administrative              Questionnaire.                     (v)   No Assignment to Certain Persons.  No such assignment shall be              made to (A) any Borrower or any of their Affiliates or Subsidiaries, (B) any              Defaulting Lender or an of its Affiliates or Subsidiaries, or any Person who, upon              becoming a Lender hereunder, would constitute any of the foregoing Persons              described in this clause (B), or (C) a natural person.                     (vi)  Certain Additional Payments.  In connection with any assignment              of rights and obligations of any Defaulting Lender hereunder, no such assignment              shall be effective unless and until, in addition to the other conditions thereto set              forth herein, the parties to the assignment shall make such additional payments to              the Administrative Agent in an aggregate amount sufficient, upon distribution              thereof as appropriate (which may be outright payment, purchases by the assignee              of participations or subparticipations, or other compensating actions, including              funding, with the consent of the Borrowers and the Administrative Agent, the              applicable pro rata share of Loans previously requested but not funded by the              Defaulting Lender, to each of which the applicable assignee and assignor hereby              irrevocably consent), to (x) pay and satisfy in full all payment liabilities then              owed by such Defaulting Lender to the Administrative Agent or any Lender              hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate)              its full pro rata share of all Loans and participations in Letters of Credit and              Swingline Loans in accordance with its Revolving Commitment Percentage.               Notwithstanding the foregoing, in the event that any assignment of rights and              obligations of any Defaulting Lender hereunder shall become effective under    NYDOCS02/1161559.5                   143  

 

                                                            EXECUTION COPY               applicable Law without compliance with the provisions of this paragraph, then the              assignee of such interest shall be deemed to be a Defaulting Lender for all              purposes of this Credit Agreement until such compliance occurs.   Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection  (c) of this Section, from and after the effective date specified in each Assignment and  Assumption, the Eligible Assignee thereunder shall be a party to this Credit Agreement and, to  the extent of the interest assigned by such Assignment and Assumption, have the rights and  obligations of a Lender under this Credit Agreement, and the assigning Lender thereunder shall,  to the extent of the interest assigned by such Assignment and Assumption, be released from its  obligations under this Credit Agreement (and, in the case of an Assignment and Assumption  covering all of the assigning Lender’s rights and obligations under this Credit Agreement, such  Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of  Sections 3.01, 3.04, 3.05, and 11.04 with respect to facts and circumstances occurring prior to the  effective date of such assignment.  Upon request, each applicable Borrower (at its expense) shall  execute and deliver a Note to the assignee Lender.  Any assignment or transfer by a Lender of  rights or obligations under this Credit Agreement that does not comply with this subsection shall  be treated for purposes of this Credit Agreement as a sale by such Lender of a participation in  such rights and obligations in accordance with subsection (d) of this Section.               (c)   Register.  The Administrative Agent, acting solely for this purpose as an        agent of the Borrowers (and such agency being solely for tax purposes), shall maintain at        the Administrative Agent’s Office a copy of each Assignment and Assumption delivered        to it and a register for the recordation of the names and addresses of the Lenders, and the        Revolving Commitments of, and principal amounts of the Loans and L/C Obligations        owing to, each Lender pursuant to the terms hereof from time to time (the “Register”).         The entries in the Register shall be conclusive, and the Borrowers, the Administrative        Agent and the Lenders may treat each Person whose name is recorded in the Register        pursuant to the terms hereof as a Lender hereunder for all purposes of this Credit        Agreement, notwithstanding notice to the contrary.  In addition, the Administrative Agent        shall maintain on the Register information regarding the designation, and revocation of        designation, of any Lender as a Defaulting Lender.  The Register shall be available for        inspection by any of the Borrowers, the L/C Issuers and the Lenders, at any reasonable        time and from time to time upon reasonable prior notice.               (d)   Participations.  Any Lender may at any time, without the consent of, or        notice to, EWI or the other Credit Parties or the Administrative Agent, sell participations        to any Person (other than a natural person, a Defaulting Lender, any Borrower or any of        their respective Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of        such Lender’s rights and/or obligations under this Credit Agreement (including all or a        portion of its Commitment and/or the Loans (including such Lender’s participations in        L/C Obligations and/or Swingline Loans) owing to it); provided that (i) such Lender’s        obligations under this Credit Agreement shall remain unchanged, (ii) such Lender shall        remain solely responsible to the other parties hereto for the performance of such        obligations and (iii) the Borrowers, the Administrative Agent, the Lenders and the L/C        Issuers shall continue to deal solely and directly with such Lender in connection with        such Lender’s rights and obligations under this Credit Agreement.    NYDOCS02/1161559.5                   144  

 

                                                            EXECUTION COPY         Any agreement or instrument pursuant to which a Lender sells such a participation shall        provide that such Lender shall retain the sole right to enforce this Credit Agreement and        to approve any amendment, modification or waiver of any  provision of this Credit        Agreement; provided that such agreement or instrument may provide that such Lender        will not, without the consent of the Participant, agree to any amendment, waiver or other        modification described in the first proviso of Section 11.01 that affects such Participant.         Subject to subsection (e) of this Section, each Borrower agrees that each Participant shall        be entitled to the benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a        Lender and had acquired its interest by assignment pursuant to subsection (b) of this        Section.  To the extent permitted by Law, each Participant also shall be entitled to the        benefits of Section 11.08 as though it were a Lender, provided such Participant agrees to        be subject to Section 2.12 as though it were a Lender.  Each Lender that sells a        participation shall, acting solely for this purpose as a non-fiduciary agent of the        Borrowers, maintain a register on which it enters the name and address of each        Participant and the principal amounts (and stated interest) of each Participant’s interest in        the Loans or other obligations under the Credit Documents (the “Participant Register”);        provided that no Lender shall have any obligation to disclose all or any portion of the        Participant Register (including the identity of any Participant or any information relating        to a Participant's interest in any commitments, loans, letters of credit or its other        obligations under any Credit Document) to any Person except to the extent that such        disclosure is necessary to establish that such commitment, loan, letter of credit or other        obligation is in registered form under Section 5f.103-1(c) of the United States Treasury        Regulations.  The entries in the Participant Register shall be conclusive absent manifest        error, and such Lender shall treat each Person whose name is recorded in the Participant        Register as the owner of such participation for all purposes of this Credit Agreement        notwithstanding any notice to the contrary.  For the avoidance of doubt, the        Administrative Agent (in its capacity as Administrative Agent) shall have no        responsibility for maintaining a Participant Register.               (e)   Limitations on Participant Rights.  A Participant shall not be entitled to        receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would        have been entitled to receive with respect to the participation sold to such Participant,        unless the sale of the participation to such Participant is made with each applicable        Borrower’s prior written consent.  A Participant that would be a Foreign Lender if it were        a Lender shall not be entitled to the benefits of Section 3.01 unless each applicable        Borrower is notified of the participation sold to such Participant and such Participant        agrees, for the benefit of each such Borrower, to comply with Sections 3.01(e) and 3.06        as though it were a Lender.               (f)   Certain Pledges.  Any Lender may at any time pledge or assign a security        interest in all or any portion of its rights under this Credit Agreement (including under its        Note(s), if any) to secure obligations of such Lender, including any pledge or assignment        to secure obligations to a Federal Reserve Bank or any other central banking authority        having jurisdiction over such Lender; provided that no such pledge or assignment shall        release such Lender from any of its obligations hereunder or substitute any such pledgee        or assignee for such Lender as a party hereto.    NYDOCS02/1161559.5                   145  

 

                                                            EXECUTION COPY               (g)   Electronic Execution of Assignments.  The words “execution,” “signed,”        “signature,” and words of like import in any Assignment and Assumption shall be        deemed to include electronic signatures or the keeping of records in electronic form, each        of which shall be of the same legal effect, validity or enforceability as a manually        executed signature or the use of a paper-based recordkeeping system, as the case may be,        to the extent and as provided for in any applicable law, including the Federal Electronic        Signatures in Global and National Commerce Act, the New York State Electronic        Signatures and Records Act, or any other similar state laws based on the Uniform        Electronic Transactions Act.               (h)   Resignation as L/C Issuer or Swingline Lender after Assignment.         Notwithstanding anything to the contrary contained herein, if at any time Bank of        America assigns all of its revolving commitments (and the revolving loans relating        thereto) pursuant to subsection (b) above, Bank of America may, (i) upon thirty (30)        days’ notice to the Borrowers and the Lenders, resign as L/C Issuer and/or (ii) upon thirty        (30) days’ notice to the Borrowers, resign as Swingline Lender.  In the event of any such        resignation as L/C Issuer or Swingline Lender, the Borrowers shall be entitled to appoint        from among the Lenders a successor L/C Issuer or Swingline Lender hereunder;        provided, however, that no failure by the Borrowers to appoint any such successor shall        affect the resignation of Bank of America as L/C Issuer or Swingline Lender, as the case        may be.  If Bank of America resigns as L/C Issuer, it shall retain all the rights, powers,        privileges and duties of an L/C Issuer hereunder with respect to all Letters of Credit        issued by it outstanding as of the effective date of its resignation as L/C Issuer and all        L/C Obligations with respect thereto (including the right to require the Lenders to make        Base Rate Loans or fund risk participations in L/C Unreimbursed Amounts pursuant to        Section 2.03(c)).  If Bank of America resigns as Swingline Lender, it shall retain all the        rights of the Swingline Lender provided for hereunder with respect to Swingline Loans        made by it and outstanding as of the effective date of such resignation, including the right        to require the Lenders to make Base Rate Loans or fund risk participations in outstanding        Swingline Loans pursuant to Section 2.04(c).  Upon the appointment of a successor L/C        Issuer and/or Swingline Lender, (a) such successor shall succeed to and become vested        with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swingline        Lender, as the case may be, and (b) any successor L/C Issuer shall issue letters of credit        in substitution for the Letters of Credit, if any, outstanding at the time of such succession        or make other arrangements satisfactory to Bank of America to effectively assume the        obligations of Bank of America with respect to such Letters of Credit.         11.07 Treatment of Certain Information; Confidentiality.  Each of the Administrative  Agent, the Lenders and the L/C Issuers agrees to maintain the confidentiality of the Information  (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its  Affiliates’ respective partners, directors, officers, employees, agents, trustees, advisors and  representatives (it being understood that the Persons to whom such disclosure is made will be  informed of the confidential nature of such Information and instructed to keep such Information  confidential), (b) to the extent requested by any regulatory authority purporting to have  jurisdiction over it (including any self-regulatory authority, such as the National Association of  Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any  subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the    NYDOCS02/1161559.5                   146  

 

                                                            EXECUTION COPY   exercise of any remedies hereunder or under any other Credit Document or any action or  proceeding relating to this Credit Agreement or any other Credit Document or the enforcement  of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially  the same as those of this Section, to (i) any assignee or pledgee under Section 11.06(f) of or  Participant in, or any prospective assignee or pledgee under Section 11.06(f) of or Participant in,  any of its rights or obligations under this Credit Agreement or any Eligible Assignee invited to  become a Lender pursuant to Section 2.01(d), or (ii) any actual or prospective counterparty (or  its advisors) to any swap or derivative transaction relating to any Borrower and its obligations,  (g) with the consent of the applicable Borrower or (h) to the extent such Information (x) becomes  publicly available other than as a result of a breach of this Section or (y) becomes available to the  Administrative Agent, any Lender, any L/C Issuer or any of their respective Affiliates on a  nonconfidential basis from a source other than the Borrowers.         For purposes of this Section, “Information” means all information received from EWI or  any Subsidiary relating to EWI or any Subsidiary or any of their respective businesses, other than  any such information that is available to the Administrative Agent, any Lender or any L/C Issuer  on a nonconfidential basis prior to disclosure by EWI or any Subsidiary, provided that, in the  case of information received from EWI or any Subsidiary after the date hereof, such information  is clearly identified at the time of delivery as confidential.  Any Person required to maintain the  confidentiality of Information as provided in this Section shall be considered to have complied  with its obligation to do so if such Person has exercised the same degree of care to maintain the  confidentiality of such Information as such Person would accord to its own confidential  information.         Each of the Administrative Agent, the Lenders and the L/C Issuers acknowledges that (a)  the Information may include material non-public information concerning EWI or any of its  Subsidiaries, as the case may be, (b) it has developed compliance procedures regarding the use of  material non-public information and (c) it will handle such material non-public information in  accordance with applicable Law, including federal and state securities Laws.         11.08 Right of Setoff.  If an Event of Default shall have occurred and be continuing,  each Lender, each L/C Issuer and each of their respective Affiliates is hereby authorized at any  time and from time to time, to the fullest extent permitted by applicable law, to set off and apply  any and all deposits (general or special, time or demand, provisional or final, in whatever  currency) at any time held and other obligations (in whatever currency) at any time owing by  such Lender, such L/C Issuer or any such Affiliate to or for the credit or the account of any  Borrower or any other Credit Party against any and all of the obligations of such Borrower or  such Credit Party now or hereafter existing under this Credit Agreement or any other Credit  Document to such Lender or such L/C Issuer, irrespective of whether or not such Lender or such  L/C Issuer or Affiliate shall have made any demand under this Credit Agreement or any other  Credit Document and although such obligations of such Borrower or such Credit Party may be  contingent or unmatured, secured or unsecured, or are owed to a branch office or Affiliate of  such Lender or such L/C Issuer different from the branch, office or Affiliate holding such deposit  or obligated on such indebtedness; provided that in the event that any Defaulting Lender shall  exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the  Administrative Agent for further application in accordance with the provisions of Section 2.17  and, pending such payment, shall be segregated by such Defaulting Lender from its other funds    NYDOCS02/1161559.5                   147  

 

                                                            EXECUTION COPY   and deemed held in trust for the benefit of the Administrative Agent, L/C Issuers and the  Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a  statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to  which it exercised such right of setoff.  The rights of each Lender, L/C Issuer and their respective  Affiliates under this Section are in addition to other rights and remedies (including other rights of  setoff) that such Lender, such L/C Issuer or their respective Affiliates may have.  Each Lender  and each L/C Issuer agrees to notify each applicable Borrower and the Administrative Agent  promptly after any such setoff and application, provided that the failure to give such notice shall  not affect the validity of such setoff and application.         11.09 Interest Rate Limitation.  Notwithstanding anything to the contrary contained in  any Credit Document, the interest paid or agreed to be paid under the Credit Documents shall not  exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum  Rate”).  If the Administrative Agent or any Lender shall receive interest in an amount that  exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or,  if it exceeds such unpaid principal, refunded to the applicable Borrower.  In determining whether  the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds  the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize  any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude  voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in  equal or unequal parts the total amount of interest throughout the contemplated term of the  Obligations hereunder.         11.10 Counterparts; Integration; Effectiveness.  This Credit Agreement may be executed  in counterparts (and by different parties hereto in different counterparts), each of which shall  constitute an original, but all of which when taken together shall constitute a single contract.   This Credit Agreement and the other Credit Documents constitute the entire contract among the  parties relating to the subject matter hereof and supersede any and all previous agreements and  understandings, oral or written, relating to the subject matter hereof.  Except as provided in  Section 5.01, this Credit Agreement shall become effective when it shall have been executed by  the Administrative Agent and when the Administrative Agent shall have received counterparts  hereof that, when taken together, bear the signatures of each of the other parties hereto.  Delivery  of an executed counterpart of a signature page of this Credit Agreement by telecopy or electronic  imaging means shall be effective as delivery of a manually executed counterpart of this Credit  Agreement.         11.11 Survival of Representations and Warranties.  All representations and warranties  made hereunder and in any other Credit Document or other document delivered pursuant hereto  or thereto or in connection herewith or therewith shall survive the execution and delivery hereof  and thereof.  Such representations and warranties have been or will be relied upon by the  Administrative Agent and each Lender, regardless of any investigation made by the  Administrative Agent or any Lender or on their behalf and notwithstanding that the  Administrative Agent or any Lender may have had notice or knowledge of any Default at the  time of any Credit Extension, and shall continue in full force and effect as long as any Loan or  any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall  remain outstanding.    NYDOCS02/1161559.5                   148  

 

                                                            EXECUTION COPY         11.12 Severability.  If any provision of this Credit Agreement or the other Credit  Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and  enforceability of the remaining provisions of this Credit Agreement and the other Credit  Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good  faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions  the economic effect of which comes as close as possible to that of the illegal, invalid or  unenforceable provisions.  The invalidity of a provision in a particular jurisdiction shall not  invalidate or render unenforceable such provision in any other jurisdiction.  Without limiting the  foregoing provisions of this Section 11.12, if and to the extent that the enforceability of any  provisions in this Credit Agreement relating to Defaulting Lenders shall be limited by Debtor  Relief Laws, as determined in good faith by the Administrative Agent, an L/C Issuer or a  Swingline Lender, as applicable, then such provisions shall be deemed to be in effect only to the  extent not so limited.         11.13 Replacement of Lenders.  If the Borrowers are entitled to replace a Lender  pursuant to the provisions of Section 3.06 or if any Lender is a Defaulting Lender or a Non- Consenting Lender, then the Borrowers may, at their sole expense and effort, upon notice to such  Lender and the Administrative Agent, require such Lender to assign and delegate, at par without  recourse (in accordance with and subject to the restrictions contained in, and consents required  by, Section 11.06), all of its interests, rights (other than its existing rights to payments, pursuant  to Sections 3.01 and 3.04) and obligations under this Credit Agreement and the related Credit  Documents to an Eligible Assignee that shall assume such obligations (which assignee may be  another Lender, if a Lender accepts such assignment), provided that:               (a)   the Borrowers shall have paid to the Administrative Agent the assignment        fee, if any, specified in Section 11.06(b), unless waived by the Administrative Agent in        its discretion;               (b)   such Lender shall have received payment of an amount equal to the        outstanding principal of its Loans and L/C Advances, accrued interest thereon, accrued        fees and all other amounts payable to it hereunder and under the other Credit Documents        (including any amounts under Section 3.05) from the assignee (to the extent of such        outstanding principal and accrued interest and fees) or the Borrowers (in the case of all        other amounts);               (c)   in the case of any such assignment resulting from a claim for        compensation under Section 3.04 or payments required to be made pursuant to Section        3.01, such assignment will result in a reduction in such compensation or payments        thereafter;               (d)   such assignment does not conflict with applicable Laws;               (e)   in the case of an assignment resulting from a Lender becoming a Non-       Consenting Lender, the applicable assignee shall have consented to the applicable        amendment, waiver or consent; provided that the failure by such Non-Consenting Lender        to execute and deliver an Assignment and Assumption shall not impair the validity of the        removal of such Non-Consenting Lender and the mandatory assignment of such Non-   NYDOCS02/1161559.5                   149  

 

                                                            EXECUTION COPY         Consenting Lender’s Commitments and outstanding Loans and participations in L/C        Obligations and Swingline Loans pursuant to this Section 11.13 shall nevertheless be        effective without the execution by such Non-Consenting Lender of an Assignment and        Assumption.   A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a  result of a waiver by such Lender or otherwise, the circumstances entitling the Borrowers to  require such assignment and delegation cease to apply.         11.14 Governing Law; Jurisdiction; Etc.               (a)   GOVERNING LAW.  THIS CREDIT AGREEMENT SHALL BE        GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF        THE STATE OF NEW YORK.               (b)   SUBMISSION TO JURISDICTION.  EACH OF THE BORROWERS        AND OTHER CREDIT PARTIES IRREVOCABLY AND UNCONDITIONALLY        AGREES THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR        PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR        EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST        THE ADMINISTRATIVE AGENT, ANY LENDER, ANY L/C ISSUER, OR ANY        RELATED PARTY OF THE FOREGOING IN ANY WAY RELATING TO THIS        CREDIT AGREEMENT OR ANY OTHER CREDIT DOCUMENT OR THE        TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER        THAN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK        COUNTY, AND OF THE UNITED STATES DISTRICT COURT OF THE        SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM        ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND        UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS        AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION,        LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH        NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY        APPLICABLE LAW, IN SUCH FEDERAL COURT.  EACH OF THE PARTIES        HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR        PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER        JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER        PROVIDED BY LAW.  NOTHING IN THIS CREDIT AGREEMENT OR IN ANY        OTHER CREDIT DOCUMENT SHALL AFFECT ANY RIGHT THAT THE        ADMINISTRATIVE AGENT, ANY LENDER OR ANY L/C ISSUER MAY        OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO        THIS CREDIT AGREEMENT OR ANY OTHER CREDIT DOCUMENT AGAINST        ANY BORROWER OR ANY OTHER CREDIT PARTY OR ITS PROPERTIES IN        THE COURTS/TRIBUNALS OF ANY JURISDICTION.               (c)   WAIVER OF VENUE.  EACH OF THE BORROWERS AND OTHER        CREDIT PARTIES IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE        FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION    NYDOCS02/1161559.5                   150  

 

                                                            EXECUTION COPY         THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF        ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS        CREDIT AGREEMENT OR ANY OTHER CREDIT DOCUMENT IN ANY COURT        REFERRED TO IN PARAGRAPH (B) OF THIS SECTION.  EACH OF THE PARTIES        HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT        PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT        FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY        SUCH COURT.               (d)   SERVICE OF PROCESS.  EACH PARTY HERETO IRREVOCABLY        CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR        NOTICES IN SECTION 11.02.  NOTHING IN THIS CREDIT AGREEMENT WILL        AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY        OTHER MANNER PERMITTED BY APPLICABLE LAW.         11.15 Waiver of Jury Trial.  EACH PARTY HERETO HEREBY IRREVOCABLY  WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT  IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR  INDIRECTLY ARISING OUT OF OR RELATING TO THIS CREDIT AGREEMENT OR  ANY OTHER CREDIT DOCUMENT OR THE TRANSACTIONS CONTEMPLATED  HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER  THEORY).  EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE,  AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY  OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF  LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B)  ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN  INDUCED TO ENTER INTO THIS CREDIT AGREEMENT AND THE OTHER CREDIT  DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND  CERTIFICATIONS IN THIS SECTION.         11.16 No Advisory or Fiduciary Responsibility.  In connection with all aspects of each  transaction contemplated hereby (including in connection with any amendment, waiver or other  modification hereof or of any other Credit Document), each Borrower and each other Credit  Party acknowledges and agrees, and acknowledges its Affiliates’ understanding, that:  (i) (A) the  arranging and other services regarding this Credit Agreement provided by the Administrative  Agent and the Arrangers are arm’s-length commercial transactions between such Borrower, each  other Credit Party and their respective Affiliates, on the one hand, and the Administrative Agent  and the Arrangers, on the other hand, (B) each of such Borrower and the other Credit Parties has  consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed  appropriate, and (C) such Borrower and each other Credit Party is capable of evaluating, and  understands and accepts, the terms, risks and conditions of the transactions contemplated hereby  and by the other Credit Documents; (ii) (A) the Administrative Agent and each Arranger each is  and has been acting solely as a principal and, except as expressly agreed in writing by the  relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for  such Borrower, any other Credit Party or any of their respective Affiliates, or any other Person  and (B) neither the Administrative Agent nor any Arranger has any obligation to such Borrower,  any other Credit Party or any of their respective Affiliates with respect to the transactions    NYDOCS02/1161559.5                   151  

 

                                                            EXECUTION COPY   contemplated hereby except those obligations expressly set forth herein and in the other Credit  Documents; and (iii) the Administrative Agent and the Arrangers and their respective Affiliates  may be engaged in a broad range of transactions that involve interests that differ from those of  such Borrower, the other Credit Parties and their respective Affiliates, and neither the  Administrative Agent nor any Arranger has any obligation to disclose any of such interests to  any Borrower, any other Credit Party or any of their respective Affiliates.  To the fullest extent  permitted by law, each of the Borrowers and the other Credit Parties hereby waives and releases  any claims that it may have against the Administrative Agent or any Arranger with respect to any  breach or alleged breach of agency or fiduciary duty in connection with any aspect of any  transaction contemplated hereby.         11.17 USA PATRIOT Act Notice.  Each Lender that is subject to the Patriot Act (as  hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender)  hereby notifies the Credit Parties that pursuant to the requirements of the USA Patriot Act (Title  III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to  obtain, verify and record information that identifies the Credit Parties, which information  includes the name and address of the Credit Parties and other information that will allow such  Lender or the Administrative Agent, as applicable, to identify the Credit Parties in accordance  with the Act.  The Credit Parties shall, promptly following a request by the Administrative Agent  or any Lender, provide all documentation and other information that the Administrative Agent or  such Lender requests in order to comply with its ongoing obligations under applicable “know  your customer” and anti-money laundering rules and regulations, including the Act.         11.18 Judgment Currency.  If, for the purposes of obtaining judgment in any court, it is  necessary to convert a sum due hereunder or any other Credit Document in one currency into  another currency, the rate of exchange used shall be that at which in accordance with normal  banking procedures the Administrative Agent could purchase the first currency with such other  currency on the Business Day preceding that on which final judgment is given.  The obligation  of each Credit Party in respect of any such sum due from it to the Administrative Agent or any  Lender hereunder or under the other Credit Documents shall, notwithstanding any judgment in a  currency (the “Judgment Currency”) other than that in which such sum is denominated in  accordance with the applicable provisions of this Credit Agreement (the “Agreement Currency”),  be discharged only to the extent that on the Business Day following receipt by the  Administrative Agent or such Lender, as the case may be, of any sum adjudged to be so due in  the Judgment Currency, the Administrative Agent or such Lender, as the case may be, may in  accordance with normal banking procedures purchase the Agreement Currency with the  Judgment Currency.  If the amount of the Agreement Currency so purchased is less than the sum  originally due to the Administrative Agent or any Lender from any Borrower in the Agreement  Currency, such Borrower agrees, as a separate obligation and notwithstanding any such  judgment, to indemnify the Administrative Agent or such Lender, as the case may be, against  such loss.  If the amount of the Agreement Currency so purchased is greater than the sum  originally due to the Administrative Agent or any Lender in such currency, the Administrative  Agent or such Lender, as the case may be, agrees to return the amount of any excess to such  Borrower (or to any other Person who may be entitled thereto under applicable law).         11.19 Electronic Execution of Assignments and Certain Other Documents.  The words  “execution,” “signed,” “signature,” and words of like import in any Credit Document,    NYDOCS02/1161559.5                   152  

 

                                                            EXECUTION COPY   Assignment and Assumption or in any amendment or other modification hereof or thereof  (including waivers and consents) shall be deemed to include electronic signatures, the electronic  matching of assignment terms and contract formations on electronic platforms approved by the  Administrative Agent or the keeping of records in electronic form, each of which shall be of the  same legal effect, validity or enforceability as a manually executed signature, physical delivery  thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as  provided for in any applicable law, including the Federal Electronic Signatures in Global and  National Commerce Act, the New York State Electronic Signatures and Records Act, or any  other similar state laws based on the Uniform Electronic Transactions Act; provided that  notwithstanding anything contained herein to the contrary none of the Administrative Agent, the  L/C Issuer or any Lender is under any obligation to agree to accept electronic signatures in any  form or in any format unless expressly agreed to by the Administrative Agent, the L/C Issuer or  such Lender pursuant to procedures approved by it and provided further without limiting the  foregoing, upon the request of any party, any electronic signature shall be promptly followed by  such manually executed counterpart.         11.20 Acknowledgement and Consent to Bail-In of EEA Financial Institutions.   Notwithstanding anything to the contrary in this Credit Agreement or in any other agreement,  arrangement or understanding among any such parties, each party hereto acknowledges that any  liability of any EEA Financial Institution arising hereunder, to the extent such liability is  unsecured, may be subject to the Write-Down and Conversion Powers of an EEA Resolution  Authority and agrees and consents to, and acknowledges and agrees to be bound by:         (a)  the application of any Write-Down and Conversion Powers by an EEA Resolution  Authority to any such liabilities arising hereunder which may be payable to it by any party hereto  that is an EEA Financial Institution; and         (b)  the effects of any Bail-In Action on any such liability, including, if applicable:                     (i)   a reduction in full or in part or cancellation of any such liability;                     (ii)  a conversion of all, or a portion of, such liability into shares or              other instruments of ownership in such EEA Financial Institution, its parent              undertaking, or a bridge institution that may be issued to it or otherwise conferred              on it, and that such shares or other instruments of ownership will be accepted by it              in lieu of any rights with respect to any such liability under this Credit              Agreement; or                     (iii) the variation of the terms of such liability in connection with the              exercise of the Write-Down and Conversion Powers of any EEA Resolution              Authority.                                [SIGNATURES ON FOLLOWING PAGES]         NYDOCS02/1161559.5                   153  

 

                                                            EXECUTION COPY        NYDOCS02/1161559.5                   154  

 

                                                            EXECUTION COPY         IN WITNESS WHEREOF, the parties hereto have caused this Credit Agreement to be  duly executed as of the date first above written.   BORROWERS AND GUARANTORS:                                      EURONET WORLDWIDE, INC., as a Borrower                                      and a Guarantor                                       By: /s/ Rick Weller                                      Name: Rick Weller                                      Title:  Executive Vice President                                            Chief Financial Officer                                      EFT SERVICES HOLDINGS BV, as a Borrower                                      (but not as a Guarantor)                                                                                                                               By: /s/ Andre van Daatselaar                                             Name: Andrew van Daatselaar                                            Title:  Director A                                                                                  By: /s/ Travis McAtee                                             Name: Travis McAtee                                            Title:  Director B                                      CONTINENTAL EXCHANGE SOLUTIONS,                                      INC., as a Borrower and a Guarantor                                       By: /s/ Juan C. Bianchi                                      Name: Juan C. Bianchi                                      Title:  President and Chief Executive Officer   ADMINISTRATIVE AGENT:                                      BANK OF AMERICA, N.A.,                                      as Administrative Agent                                       By: /s/ Liliana Claar                                      Name: Liliana Claar                                      Title:  Vice President             NYDOCS02/1161559.5                   155  

 

                                                            EXECUTION COPY   LENDERS:                                      BANK OF AMERICA, N.A.,                                      as L/C Issuer, USD Swingline Lender, Primary                                      Currency Swingline Lender and as a Lender                                       By: /s/ Alok Jain                                      Name: Alok Jain                                      Title:  Senior Vice President                      NYDOCS02/1161559.5                   156  

 

                                                            EXECUTION COPY                                       WELLS FARGO BANK, NATIONAL                                      ASSOCIATION                                       By: /s/ Brian Buck                                      Name: Brian Buck                                      Title:  Managing Director                                       U.S. BANK NATIONAL ASSOCIATION                                       By: /s/ Tim Landro                                      Name: Tim Landro                                      Title:  Vice President                                       BMO HARRIS BANK, N.A.                                        By: /s/ Andrew Berryman                                      Name: Andrew Berryman                                      Title:  Vice President                                                                             BANK OF MONTREAL,                                       By: /s/ Tom Woolgar                                      Name: Tom Woolgar                                      Title:  Managing Director, C                                                                            By: /s/ William K.S. Smith                                      Name: William K.S. Smith                                      Title:  Managing Director, Head of EMEA                                                                             COMPASS BANK                                       By: /s/ Jay Tweed                                      Name: Jay Tweed                                      Title:  Senior Vice President                                        CREDIT AGRICOLE CORPORATE AND                                      INVESTMENT BANK                                       By: /s/ Gordon Yip                                      Name: Gordon Yip                                      Title:  Director                                                                            By: /s/ Mark Koneval                                       Name: Mark Koneval                                      Title:  Managing Director                                          NYDOCS02/1161559.5                   157  

 

                                                            EXECUTION COPY                                       FIFTH THIRD BANK                                       By: /s/ Neil G. Mesch                                      Name: Neil G. Mesch                                      Title:  Senior Vice President                                       KEYBANK NATIONAL ASSOCIATION                                       By: /s/ Geoff Smith                                      Name: Geoff Smith                                      Title:  Senior Vice President                               NYDOCS02/1161559.5                   158  

 

                                                            EXECUTION COPY                                       LLOYDS BANK CORPORATE MARKETS                                      PLC                                       By: /s/ Tina Wong                                      Name: Tina Wong                                      Title:  Assistant Manager                                                                            By: /s/ Kamala Basdeo                                      Name: Kamala Basdeo                                      Title:  Assistant Manager                                                                             REGIONS BANK                                       By: /s/ James L. McGovern                                      Name: James L. McGovern                                      Title:  Managing Director                                       BARCLAYS BANK PLC                                       By: /s/ David Williams                                      Name: David Williams                                      Title:  Director                                       KBC BANK N.V., NEW YORK BRANCH                                       By: /s/ Nicholas Fiore                                      Name: Nicholas Fiore                                      Title:  Director                                                                            By: /s/ Susan M. Silver                                      Name: Susan M. Silver                                      Title:  Managing Director                                                                             ROYAL BANK OF CANADA                                       By: /s/ Theodore Brown                                      Name: Theodore Brown                                      Title:  Authorized Signatory                                       BOFK, NA                                       By: /s/ Ryan W. Humphrey                                      Name: Ryan W. Humphrey                                      Title:  V.P.                                           NYDOCS02/1161559.5                   159  

 

                                                            EXECUTION COPY                                       CITIZENS BANK & TRUST                                       By: /s/ Janelle Aubrecht                                      Name: Janelle Aubrecht                                      Title:  Vice President, Commercial Banking           NYDOCS02/1161559.5                   160  

 

                                                                                                                                                                 EXECUTION COPY                                                                                             Schedule 2.01                                                                             LENDERS AND COMMITMENTS   Lender        USD Revolving   USD Revolving   Primary       Primary        Secondary     Secondary                Committed       Commitment      Currency      Currency       Currency      Currency                Amount          Percentages     Revolving     Revolving      Revolving     Revolving                                                Committed     Commitment     Committed     Commitment                                                Amounts       Percentages    Amounts       Percentages  Bank of          $90,000,000   9.000000000%    $90,000,000  9.729729730%    $90,000,000   18.556701031%  America,  N.A.  Wells Fargo      $90,000,000   9.000000000%    $90,000,000  9.729729730%                   0.000000000%  Bank,  National  Association  U.S. Bank        $90,000,000   9.000000000%    $90,000,000  9.729729730%    $90,000,000   18.556701031%  National  Association  BMO Harris       $80,000,000   8.000000000%                 0.000000000%                   0.000000000%  Bank N.A  Bank of                        0.000000000%    $80,000,000  8.648648649%                   0.000000000%  Montreal  Compass          $80,000,000   8.000000000%    $80,000,000  8.648648649%    $80,000,000   16.494845361%  Bank  Credit           $80,000,000   8.000000000%    $80,000,000  8.648648649%                   0.000000000%  Agricole  Corporate  And  Investment  Bank  Fifth Third      $70,000,000   7.000000000%                 0.000000000%                   0.000000000%  Bank  KeyBank          $70,000,000   7.000000000%    $70,000,000  7.567567568%    $70,000,000   14.432989691%  National  Association          

 

                                                                                                                                                                                            EXECUTION COPY       Lloyds Bank         $70,000,000    7.000000000%      $70,000,000     7.567567568%                       0.000000000%      Corporate      Markets plc      Regions Bank        $70,000,000    7.000000000%      $70,000,000     7.567567568%                       0.000000000%      Barclays            $60,000,000    6.000000000%      $60,000,000     6.486486486%      $60,000,000     12.371134021%      Bank PLC      KBC Bank            $50,000,000    5.000000000%      $50,000,000     5.405405405%      $50,000,000     10.309278351%      N.V., New      York Branch      Royal Bank          $50,000,000    5.000000000%      $50,000,000  5.405405405%                          0.000000000%      of Canada      BOKF, NA            $45,000,000    4.500000000%      $45,000,000     4.864864865%      $45,000,000      9.278350515%      Citizens Bank        $5,000,000    0.500000000%                      0.000000000%                       0.000000000%      & Trust      TOTAL:           $1,000,000,000          100.00%    $925,000,000           100.00%    $485,000,000            100.00%                                                                                                                       SCHEDULE 2.03                                                                                            EXISTING LETTERS OF CREDIT                                                                                        Bank Guarantees                                          Letters of Credit                                                                                      Expiration      Bank Guarantee                                                                        Total Bank Guarantee &  Bank              Entity                       Beneficiary          Bank Guar #        Date             Amount            LOC #         Expiration Date           LOC Amount                         LOC (USD)   Bank of America   cadooz GmbH                  Amazon EU S.A.R.L.         -              -         EUR                      -  3120392      06/13/19          EUR          385,000                                 446,870                     Continental Exchange  Bank of America   Solutions, Inc.              Sonali Bank Limited        -          02/01/19      USD             10,000  3133633          03/01/19          USD            10,000                                  10,000                     Continental Exchange  Bank of America   Solutions, Inc.              Bank Asia Limited          -          04/05/19      USD             10,000  3133636          05/05/19          USD            10,000                                  10,000                     Continental Exchange         Social Islami Bank  Bank of America   Solutions, Inc.              Limited                    -          04/17/19      USD             10,000  3133637          05/17/19          USD            10,000                                  10,000                     Continental Exchange         Islami Bank  Bank of America   Solutions, Inc.              Bangladesh Limited         -          02/28/19      USD                      -  3122264      06/15/19          USD            10,000                                  10,000                     Continental Exchange  Bank of America   Solutions, Inc.              Banco Bolivariano          -              -         USD                      -  3087748      04/26/19          USD          100,000                                 100,000                     Continental Exchange  Bank of America   Solutions, Inc.              Trust Bank Limited         -          05/31/19      USD                      -  3122267      06/30/19          USD            10,000                                  10,000                     Continental Exchange  Bank of America   Solutions, Inc.              Dhaka Bank                 -              -         USD                      -  3122254      06/30/19          USD            10,000                                  10,000              

 

                                                                                                                                                                                            EXECUTION COPY                     Continental Exchange  Bank of America   Solutions, Inc.              Privatbank                 -              -         USD                      -  3122255      06/30/19          USD          220,400                                 220,400                     Continental Exchange  Bank of America   Solutions, Inc.              Dutch Bangla Bank          -              -         USD                      -  3122259      08/18/19          USD            10,000                                  10,000                     Continental Exchange  Bank of America   Solutions, Inc.              Agrani Bank Limited        -              -         USD                      -  3122258      08/18/19          USD            10,000                                  10,000                     Continental Exchange  Bank of America   Solutions, Inc.              Seylan Bank PLC            -          11/08/18      USD             20,000  3121482          12/08/18          USD            20,000                                  20,000                     Continental Exchange         RIA Money Transfer  Bank of America   Solutions, Inc.              Services PVT               -          08/06/19      USD             75,000  3122270          09/06/19          USD            75,000                                  75,000                     Continental Exchange         Kotak Mahindra  Bank of America   Solutions, Inc.              Bank                       -          08/11/19      USD                      -  3120393      09/11/19          USD          800,000                                 800,000                     Continental Exchange  Bank of America   Solutions, Inc.              Asia United Bank           -              -         USD                      -  3121477      10/05/18          USD            10,000                                  10,000                     Continental Exchange  Bank of America   Solutions, Inc.              National Bank              -              -         USD                      -  3120400      10/17/19          USD            10,000                                  10,000                     Continental Exchange  Bank of America   Solutions, Inc.              Financiera Familiar        -              -         USD                      -  3097392      10/21/18          USD          200,000                                 200,000                     Continental Exchange         Bangladesh Krishi  Bank of America   Solutions, Inc.              Bank                       -          10/30/18      USD           175,000  3133635           11/30/18          USD          175,000                                 175,000                     Continental Exchange  Bank of America   Solutions, Inc.              AB Bank Limited            -          11/09/18      USD             10,000  3104160          12/09/18          USD            10,000                                  10,000                     Continental Exchange         China Banking  Bank of America   Solutions, Inc.              Corporation                -              -         USD                      -  3121480      12/05/18          USD              5,000                                   5,000                     Continental Exchange         National Credit and  Bank of America   Solutions, Inc.              Commerce Bank              -              -         USD                      -  3120402      11/17/18          USD            10,000                                  10,000                     Continental Exchange         Weizmann Forex  Bank of America   Solutions, Inc.              Limited                    -          12/31/19      USD           140,000  3133645           01/31/20          USD          140,000                                 140,000                     Continental Exchange  Bank of America   Solutions, Inc.              Prime Bank Limited         -          08/07/19      USD             10,000  3121476          09/07/19          USD            10,000                                  10,000                     Continental Exchange  Bank of America   Solutions, Inc.              Brac Bank Limited          -          08/07/19      USD                      -  3121472      09/07/19          USD            10,000                                  10,000                     Continental Exchange  Bank of America   Solutions, Inc.              Uttara Bank Limited        -          08/07/19      USD                      -  3121473      09/07/19          USD            10,000                                  10,000   Bank of America   epay Australia Pty Ltd       Eastern Holdings Ltd GT003191/14      07/31/19      AUD          242,269  3120401            08/31/19          AUD         242,269                                  175,087   Bank of America   epay Australia Pty Ltd       Optus Mobile Pty Ltd       -              -         AUD                     -  3095918       09/25/19          AUD    20,000,000                               14,454,000                                                  Telstra Corporation  Bank of America   epay Australia Pty Ltd       Ltd                        -              -         AUD                     -  3120397       09/30/19          AUD    10,000,000                                 7,227,000                                                  Aena Aeropuertos,  Bank of America   Euronet 360 Finance Limited  S.A. (Ibiza Airport) GT401106/15          -         EUR                      -  3121486      04/14/19          EUR            14,250                                  16,540                                                  Aena Aeropuertos,                                                 S.A. (Lanzarote  Bank of America   Euronet 360 Finance Limited  Airport)             GT401107/15          -         EUR                      -  3121485      04/14/19          EUR            11,923                                  13,839              

 

                                                                                                                                                                                            EXECUTION COPY                                                  Aena Aeropuertos,                                                 S.A. (Malaga  Bank of America   Euronet 360 Finance Limited  Airport)             GT401114/15          -         EUR                      -  3121488      04/22/19          EUR              8,424                                   9,778                                                  Aena Aeropuertos,                                                 S.A. (Madrid  Bank of America   Euronet 360 Finance Limited  Airport)             GT401116/15          -         EUR                      -  3121490      04/30/19          EUR            27,317                                  31,707                                                  Aena Aeropuertos,                                                 S.A. (Tenerife  Bank of America   Euronet 360 Finance Limited  Airport)             GT401119/15          -         EUR                      -  3122252      05/08/19          EUR              9,800                                 11,375                                                  Aena Aeropuertos,                                                 S.A. (Barcelona  Bank of America   Euronet 360 Finance Limited  Airport)             GT401118/15          -         EUR                      -  3122251      05/08/19          EUR          121,310                                 140,805                                                  Aena Aeropuertos,                                                 S.A. (Mallorca  Bank of America   Euronet 360 Finance Limited  Airport)             GT401043/14          -         EUR                      -  3120406      07/15/19          EUR            22,575                                  26,203                                                  Aena Aeropuertos,                                                 S.A. (Mallorca  Bank of America   Euronet 360 Finance Limited  Airport)             GT401044/14          -         EUR                      -  3120407      07/15/19          EUR            22,575                                  26,203                                                  Aena Aeropuertos,                                                 S.A. (Gran Canaria  Bank of America   Euronet 360 Finance Limited  Airport)             GT401072/14          -         EUR                      -  3121478      11/14/18          EUR            11,610                                  13,476                                                  Aena Aeropuertos,                                                 S.A. (Tenerife South  Bank of America   Euronet 360 Finance Limited  Airport)             GT401070/14          -         EUR                      -  3121479      11/14/18          EUR              9,810                                 11,386                                                  Aena Aeropuertos,                                                 S.A. (Mallorca  Bank of America   Euronet 360 Finance Limited  Airport)               GT401075           -         EUR                      -  3121481      12/08/18          EUR            22,575                                  26,203   Bank of America   Euronet 360 Finance Limited  ADIF                       -              -         EUR                      -  3104161      02/07/19          EUR            16,200                                  18,803                     Euronet 360 Finance Limited, S.E.A. (Milan  Bank of America   Sede Secondaria Italiana     Airport Authority)         -          09/25/19      EUR           233,606  3122260           11/25/19          EUR          233,606                                 271,146                                                  Aena Aeropuertos,                    Euronet 360 Finance Limited, S.A. (Alicante           6508  Bank of America   Sucursal en España           Airport)             GT401260/16      02/23/19      EUR             17,640  3122265          03/23/19          EUR            17,640                                  20,475                                                  Wind Hellas                                                 Telecommunications  Bank of America   Euronet Card Services S.A.   A.E.B.E.                   -              -         EUR                      -  3095776      08/24/19          EUR            90,000                                104,463   Bank of America   Euronet Card Services S.A.   Vodafone                   -              -         EUR                      -  3095774      08/24/19          EUR            90,000                                104,463                     Euronet Pay & Transaction  Bank of America   Services S.R.L.              Ifitalia SpA               -          10/29/18      EUR        1,000,000  3133632            11/29/18          EUR       1,000,000                               1,160,700                     Euronet Pay & Transaction  Bank of America   Services S.R.L.              Paviasei S.R.L.        001232/15      04/01/19      EUR             75,000  3122256          05/01/19          EUR            75,000                                  87,053                     Euronet Pay & Transaction    Mediaset Premium  Bank of America   Services S.R.L.              S.P.A.                 001206/15      12/31/18      EUR           350,000  3122257           01/31/19          EUR          350,000                                 406,245              

 

                                                                                                                                                                                            EXECUTION COPY   Bank of America   Euronet Services SRL         Citibank Romania           -              -         EUR                      -  3062412      12/10/18          EUR            92,000                                106,784                                                  Orange Espagne,                                                 S.A.U. (f.k.a. France                                                 Telecom España,  Bank of America   Euronet TeleRecarga, S.L.U.  S.A.U.)              GT400781/10      04/25/19      EUR        1,000,000  3102189            05/25/19          EUR       1,000,000                               1,160,700                                                  Vodafone España,  Bank of America   Euronet TeleRecarga, S.L.U.  S.A.U.               GT400805/10      12/31/18      EUR           650,000  3113767           02/28/19          EUR          650,000                                 754,455                                                  Massachusetts Port  Bank of America   Euronet USA, LLC             Authority                  -              -         USD                      -  3133639      10/30/18          USD            44,000                                  44,000                                                  Compumod  Bank of America   Pure Commerce Pty Limited    Investments P/L            -          07/05/19      AUD            54,113  3121471           08/05/19          AUD           54,113                                   39,108   Bank of America   RIA Italia S.R.L.            Ares 2002 Spa              -          10/31/18      EUR           122,345  3113705           11/30/18          EUR          122,345                                 142,006   Bank of America   RIA Italia S.R.L.            Foto Ottica Vergerio       -          12/31/18      EUR             96,000  3122262          02/01/19          EUR            96,000                                111,427   Bank of America   RIA Italia S.R.L.            Blue Star S.R.L.           -          06/20/19      EUR             51,000  3133644          07/20/19          EUR            51,000                                  59,196                     transact Elektronische       Amazon EU S.A.R.L.  Bank of America   Zahlungssysteme GmbH         (non-peak)                 -              -         EUR                      -  3104150      11/21/18          EUR     14,860,000                              17,248,002                                                                                                                                                                                                                     Total Existing Bank of America Letters of  Credit                                                                                                                                                                                $46,354,896                                                                                                                                                                                                                                                                                                                                                                                  FX Rates                                   9/30/2018                                                                                                                                                               AUD                                         0.722700                                                                                                                                                               BGN                                         0.591870                                                                                                                                                               BRL                                         0.247696                                                                                                                                                               CAD                                         0.774653                                                                                                                                                               CHF                                         1.019056                                                                                                                                                               CNY                                         0.145603                                                                                                                                                               CZK                                         0.045523                                                                                                                                                               EUR                                         1.160700                                                                                                                                                               GBP                                         1.303500                                                                                                                                                               HRK                                         0.156182                                                                                                                                                               HUF                                         0.003594                                                                                                                                                               INR                                         0.013793                                                                                                                                                               MYR                                         0.241721                                                                                                                                                               NZD                                         0.662600                                                                                                                                                               PLN                                         0.271334                                                                                                                                                               RON                                         0.248694              

 

                                                                                           EXECUTION COPY                                                   SCHEDULE 2.14                                           DESIGNATED BORROWERS                        Designated Borrowers for USD Revolving Loans, Primary Currency Revolving Loans,  Secondary Currency Revolving Loans:                Entity                                   Jurisdiction         Limits    Currencies         Euronet Worldwide, Inc.                  Delaware, USA        None      All         Continental Exchange Solutions, Inc.     Kansas, USA          None      All         EFT Services Holding B.V.                Netherlands          None      All                    Designated Borrowers for USD Swingline Loans and Primary Currency Swingline Loans:          Entity                                     Jurisdiction          Limits     Currencies         Euronet Worldwide, Inc.                    Delaware, USA         None       All         Continental Exchange Solutions, Inc.       Kansas, USA           None       All         EFT Services Holding B.V.                  Netherlands           None       All  Designated Borrowers for Letters of Credit:                  Entity                                    Jurisdiction         Limits    Currencies         Euronet Worldwide, Inc.                   Delaware, USA        None      All         Continental Exchange Solutions, Inc.      Kansas, USA          None      All         EFT Services Holding B.V.                 Netherlands          None      All                    

 

                                                                                                                                                          EXECUTION COPY                                                                               SCHEDULE 6.08                                                                                SUBSIDIARIES                                                                                                                            Jurisdiction of  Ownership                                                  Name of Subsidiary                                                                                          Primary Owner                                                                                                                           Organization     Percentage            EFT Americas, Inc.                                                                                                                 Delaware, USA                   Euronet Worldwide, Inc.                                                                                                                                             100%           Euronet USA, LLC                                                                                                                 Arkansas, U.S.A.                Euronet Worldwide, Inc.                                                                                                                                             100%           Euronet Pakistan Holdings Inc.                                                                                                                 Delaware, USA                   Euronet Worldwide, Inc.                                                                                                                                             100%                                                                                                                                                          Euronet Pakistan Holdings           Euronet Pakistan (Pvt.) Limited                                                                      Pakistan                                                                                                                                                70%       Inc.           PaySpot, LLC                                                                                     Kansas, USA          100%       Euronet Worldwide, Inc.           RIA Envia Financial Services Belgium SPRL                                                            Belgium              100%       Euronet Worldwide, Inc.           EFT Services Holding B.V.                                                                          Netherlands          100%       Euronet Worldwide, Inc.           Delta Euronet GmbH                                                                                 Germany              100%       EFT Services Holding B.V.                            o    transact Elektronische Zahlungssysteme GmbH                                              Germany              100%       Delta Euronet GmbH                            o    Ria Deutschland                                                                                                                          Germany                         Delta Euronet GmbH                            GmbH                                                                                                               100%                            o    cadooz GmbH                                                                              Germany              100%       Delta Euronet GmbH                            o    cadooz rewards                                                                                                                          Germany                         Delta Euronet GmbH                            GmbH                                                                                                               100%           e-pay Holdings Ltd                                                                                 United Kingdom       100%       EFT Services Holding B.V.                            o    epay Limited                                                                             United Kingdom       100%       e-pay Holdings Ltd                                                                                                                          United Arab        epay Digital Middle East FZ-LLC                                                                                                      EFT Services Holding B.V.                                                                                                                          Emirates             100%           ATX Software Limited                                                                               United Kingdom       100%       EFT Services Holding B.V.           Euronet Payment Services Limited                                                                     United Kingdom       100%       EFT Services Holding B.V.           Euronet 360 Finance Limited                                                                          United Kingdom       100%       EFT Services Holding B.V.                                                                                                                          United Arab           Universal Solution Providers FZ-LLC                                                                                                  EFT Services Holding B.V.                                                                                                                          Emirates             100%                      

 

                                                                                                                                                          EXECUTION COPY            Euronet Services, Spol. s.r.o.                                                                       Czech Republic       100%       EFT Services Holding B.V.           epay Digital SAS                                                                                   France               100%       EFT Services Holding B.V.           Euronet Services O.O.O.                                                                              Russia               100%       EFT Services Holding B.V.           Euronet Middle East W.L.L.                                                                           Bahrain              100%       EFT Services Holding B.V.           Euronet Services d.o.o.                                                                            Serbia               100%       EFT Services Holding B.V.           EFT-Usluge d.o.o.                                                                                  Croatia              100%       EFT Services Holding B.V.           Euronet Services Slovakia, spol. s r.o.                                                              Slovak Republic      100%       EFT Services Holding B.V.           Euronet Services EOOD                                                                                Bulgaria             100%       EFT Services Holding B.V.           Euronet Polska Spolka z.o.o.                                                                         Poland               100%       EFT Services Holding B.V.           Euronet Services Schweiz GmbH                                                                        Switzerland          100%       EFT Services Holding B.V.           Euronet Elektronik Islem Hizmetleri Limited Sirketi                                                    Turkey               100%       EFT Services Holding B.V.           Euronet Services India Pvt. Ltd.                                                                     India                100%       EFT Services Holding B.V.                            o    Euronet Infinitium Solutions Pvt.                                                                                        Euronet Services India Pvt.                                                                                                                          India                            Ltd                                                                                                                100%       Ltd.           RIA Money Transfer Services Pvt. Ltd.                                                                  India                100%       EFT Services Holding B.V.           Euronet Services Malaysia Sdn. Bhd.                                                                  Malaysia             100%       EFT Services Holding B.V.           Euronet Services Kft.                                                                              Hungary              100%       EFT Services Holding B.V.           Euronet Banktechnikai Szolgaltato Kft.                                                                 Hungary              100%       EFT Services Holding B.V.           Euronet Services S.R.L.                                                                            Romania              100%       EFT Services Holding B.V.           Euronet Pay & Transaction Services S.R.L.                                                              Italy                100%       EFT Services Holding B.V.                                                                                                                                                          Euronet Pay & Transaction                          o    Ria Italia S.R.L.                                                                Italy                                                                                                                                               100%       Services S.R.L.           Euronet Card Services S.A.                                                                           Greece               100%       EFT Services Holding B.V.           Euronet epay Mexico, S. de R. L.de C.V.                                                                Mexico               100%       EFT Services Holding B.V.           Euronet Middle East, Africa & Pakistan LLC                                                             Egypt                100%       EFT Services Holding B.V.           Euronet Technology Services, Inc.                                                                    Philippines          100%       EFT Services Holding B.V.                                                                                                                           Hong Kong SAR,           Euronet Asia Holdings Limited                                                                                                        EFT Services Holding B.V.                                                                                                                          China                                                                                                                                                100%                      

 

                                                                                                                                                          EXECUTION COPY                             o    epay (Shanghai) Technology Development Co., Ltd. d.b.a.                                  Peoples Republic                Euronet Asia Holdings                                                                                                                   epay China                                                                                    of China             100%       Limited                                                                                                                          Peoples Republic                Euronet Asia Holdings                            o    Jiayintong (Beijing) Technology Development Co. Ltd. d.b.a. Euronet China                                      85%                                                                                                                          of China                        Limited           XE Europe B.V.                                                                                     Netherlands          100%       EFT Services Holding B.V.           Euronet Ukraine Limited Liability Company                                                              Ukraine              100%       EFT Services Holding B.V.           epay Australia                                                                                                              Australia                       EFT Services Holding B.V.  Holdings Pty Ltd                                                                                                                            100%                                                                                                                                                          epay Australia Holdings Pty                            o    RIA Financial Services Australia Pty. Ltd.                                               Australia                                                                                                                                               100%       Ltd                            o    HiFX Australia Pty                                                                                                       epay Australia Holdings Pty                                                                                                                          Australia                            Ltd                                                                                                                100%       Ltd                                                                                                                                                          epay Australia Holdings Pty                            o    Pure Commerce Pty Limited                                                                Australia                                                                                                                                               100%       Ltd                                         .  Pure-Commerce Ltd                                                      Isle of Man          100%       Pure Commerce Pty Limited                                                    o    Pure Processing Pte. Ltd                                         Singapore            100%       Pure-Commerce Ltd                                         .  Pure Commerce Japan Pty Ltd                                              Australia            100%       Pure Commerce Pty Limited                                         .  Pure Commerce (S) Pte. Ltd                                               Singapore            100%       Pure Commerce Pty Limited                                                    o    Pure Commerce Shared Service                                                                                                                          Singapore                       Pure Commerce (S) Pte. Ltd.                                                     Pte. Ltd.                                                                                  100%                                                    o    Pure Commerce Korea YH                                           South Korea          100%       Pure Commerce (S) Pte. Ltd.                                                                                                                                                           epay Australia Holdings Pty                            o    Telecomnet LLC                                                                           Delaware, USA                                                                                                                                               100%       Ltd                                         .  Telecom Net S.A. Logistica Digital                                       Brazil               100%       Telecomnet LLC                            o    epay Australia Pty                                                                                                       epay Australia Holdings Pty                                                                                                                          Australia                            Ltd                                                                                                                100%       Ltd                                         .  epay New Zealand Limited                                                 New Zealand          100%       epay Australia Pty Ltd                                                    o    RIA Financial Services New Zealand Limited                       New Zealand          100%       epay New Zealand Limited                                                    o    HiFX Limited                                                     New Zealand          100%       epay New Zealand Limited                                                                 o    Currency Online                                                                                                                          New Zealand                     HiFX Limited                                                                 Limited                                                                       100%                                                                 o    DFX Limited                                         New Zealand          100%       HiFX Limited           Euronet Business Holdings S.L.U.                                                                     Spain                100%       EFT Services Holding B.V.                                                                                                                                                          Euronet Business Holdings,                            o    Euronet Telerecarga, S.L.U.                                                              Spain                                                                                                                                               100%       S.L.U.                      

 

                                                                                                                                                          EXECUTION COPY                                          .  Euronet Movilcarga                                                                                                                    Spain                           Euronet Telerecarga, S.L.U.                                         S.L.                                                                                                95.05%                                                                                                                                                          Euronet Business Holdings,                            o    Ria Chile Servicios Financieros SpA                                                      Chile                                                                                                                                               100%       S.L.U.                                                                                                                                                          Euronet Business Holdings,                            o    RIA Spain Holdings S.L.U.                                                                Spain                                                                                                                                               100%       S.L.U.                                         .  RIA Payment Institution EP, S.A.U.                                       Spain                100%       RIA Spain Holdings S.L.U.                                                                                                                                                          Euronet Business Holdings,                            o    Innova Taxfree Group, S.L.                                                               Spain                                                                                                                                               100%       S.L.U.                                         . Innova Taxfree Spain, S.L.                                                Spain                100%       Innova Taxfree Group, S.L.                                         . Innova Tax Free Portugal Unipessoal Lda                                   Portugal             100%       Innova Taxfree Group, S.L.                                         . Innova Taxfree Italy S.R.L.                                               Italy                100%       Innova Taxfree Group, S.L.                                         . Innova Tax Free (UK) Limited                                              United Kingdom       100%       Innova Taxfree Group, S.L.                                         . Innova Tax Free France S.A.S.U.                                           France               100%       Innova Taxfree Group, S.L.                                         . Innova Taxfree Netherlands B.V.                                           Netherlands          100%       Innova Taxfree Group, S.L.                                         . Innova Taxfree Ireland Limited                                            Ireland              100%       Innova Taxfree Group, S.L.                                         . Innova Taxfree Belgium SPRL                                               Belgium              100%       Innova Taxfree Group, S.L.                                         . Innova Taxfree Germany GmbH                                               Germany              100%       Innova Taxfree Group, S.L.           RIA Envia, LLC                                                                                   Kansas, USA          100%       Euronet Worldwide, Inc.           Ria Netherlands Holding B.V.                                                                         Netherlands          100%       RIA Envia, LLC                                                                                                                                                          RIA Netherlands Holding                            o    RIA Financial Services Norway AS                                                         Norway                                                                                                                                               100%       B.V.                            o    RIA Financial Services, Denmark                                                                                          RIA Netherlands Holding                                                                                                                          Denmark                            ApS                                                                                                                100%       B.V.                            o    RIA Financial Services Austria                                                                                           RIA Netherlands Holding                                                                                                                          Austria                            GmbH                                                                                                               100%       B.V.                                                                                                                                                          RIA Netherlands Holding                            o    RIA Financial Services GmbH                                                              Switzerland                                                                                                                                               100%       B.V.                                                                                                                                                          RIA Netherlands Holding                            o    RIA Financial Services Netherlands B.V.                                                  Netherlands                                                                                                                                               100%       B.V.                                                                                                                                                          RIA Netherlands Holding                            o    RIA Telecommunications of Canada Inc.                                                    Canada                                                                                                                                               100%       B.V.                                                                                                                                                          RIA Telecommunications of                                         .  Gescoro Inc.                                                           Canada                                                                                                                                               100%       Canada Inc.                       

 

                                                                                                                                                          EXECUTION COPY                                                                                                                                                           RIA Telecommunications of                                         .  XE Corporation                                                         Canada                                                                                                                                               100%       Canada Inc.                                                                                                                                                          RIA Netherlands Holding                            o    HiFX Canada Inc.                                                                         Canada                                                                                                                                               100%       B.V.                                                                                                                                                          RIA Netherlands Holding                            o    IME (M) Sdn Bhd                                                                          Malaysia                                                                                                                                               100%       B.V.                                                                                                                                                          RIA Netherlands Holding                            o    Ria Turkey Odeme Kurulusu Anonim Sirketi                                                 Turkey                                                                                                                                               100%       B.V.           Continental Exchange Solutions, Inc.                                                                 Kansas, USA          100%       RIA Envia, LLC                                                                                                                                                          Continental Exchange                            o   Continental Payment Solutions, Inc.                                                       California, USA                                                                                                                                               100%       Solutions, Inc.           RIA Telecommunications of New York, Inc.                                                               New York, USA        100%       RIA Envia, LLC           RIA Financial Services Limited                                                                       United Kingdom       100%       RIA Envia, LLC                            o    RIA Financial Services Ireland                                                                                                                          Ireland                         RIA Financial Services Ltd                            Limited                                                                                                            100%                            o    RIA Financial Services Sweden AB                                                         Sweden               100%       RIA Financial Services Ltd                            o    IME (UK) Limited                                                                         United Kingdom       100%       RIA Financial Services Ltd                                         .  IME (Portugal), LDA                                                    Portugal             100%       IME (UK) Limited          RIA France SAS                                                                                      France               100%       RIA Envia, LLC          RIA Envia Financial Services GmbH                                                                     Germany              100%       RIA Envia, LLC          Ria Money Transfer de Mexico, S.A. de C.V.                                                              Mexico               100%       RIA Envia, LLC          Ria Transfers de Mexico, S.A. de C.V.                                                                 Mexico               100%       RIA Envia, LLC                                                                                                                          Dominican          RIA de la Hispaniola, C.porA                                                                                               100%       RIA Envia, LLC                                                                                                                          Republic          RIA Financial Services Puerto Rico, Inc.                                                                Puerto Rico          100%       RIA Envia, LLC          RIA de Centroamérica, S.A. de C.V.                                                                    El Salvador          100%       RIA Envia, LLC                                                                                           Euronet (London) UK Holdings Limited                                                                     United Kingdom       100%       EFT Services Holding B.V.                            o    HiFX Europe                                                                                                              Euronet (London) UK                                                                                                                          United Kingdom                            Limited                                                                                                            100%       Holdings Limited           YourCash Europe Limited                                                                              United Kingdom       100%       EFT Services Holding B.V.                            o    YourCash Solutions Limited                                                               United Kingdom       100%       YourCash Europe Limited                                         .  YourCash Holdings Limited                                                United Kingdom       100%       YourCash Solutions Limited                                                    o    YourCash Ireland Limited                                         Ireland              100%       YourCash Holdings Limited                       

 

                                                                                                                                                            EXECUTION COPY                                                                    o    Easycash                                                                                                                            Ireland                         YourCash Ireland Limited                                                                   (Ireland) Limited                                                             100%                                                      o    YourCash Belgium N.V.                                            Belgium              100%       YourCash Holdings Limited                                                      o    YourCash ATM Systems                                                                                                                            United Kingdom                  YourCash Holdings Limited                                                      Limited                                                                                    100%                                                                   o    YourCash                                                                            YourCash ATM Systems                                                                                                                            United Kingdom                                                                   Limited                                                                       100%       Limited                                                                                           Hanco Automated Teller Machines                                                                                                                          Netherlands                     YourCash Limited                                                                                   Holdings B.V.                                                100%                                                                                                Hanco Automated Teller                                     Hanco Automated Teller                                                                                                                          Netherlands                                                                                        Machines Netherlands B.V.                               100%       Machines Holdings B.V.           HiFM Holdings Limited                                                                                United Kingdom       100%       Euronet Worldwide, Inc.            HiFM Limited                                                                                       United Kingdom       100%       HiFM Holdings Limited                                          

 

                                                                                                                                                                    EXECUTION COPY                                                                                         SCHEDULE 8.01                                                                                         EXISTING LIENS   Debtor Name                      Creditor Name              Type of Credit         Property Subject to Lien       Amount Secured (Local Currency)        Amount Secured (USD)                                                                                                                                                       Bank Guarantee Cash Collateral:                                                                                                                                                                                                                                                                           Euronet Pay & Transaction Services  S.R.L.                           UniCredit                  Bank Guarantee/LC      Cash Collateral                EUR                    650,000                                    754,455   Euronet Pay & Transaction Services  S.R.L.                           UniCredit                  Bank Guarantee/LC      Cash Collateral                EUR                    440,000                                    510,708   Euronet Pay & Transaction Services  S.R.L.                           UniCredit                  Bank Guarantee/LC      Cash Collateral                EUR                    212,950                                    247,171   Euronet Pay & Transaction Services  S.R.L.                           UniCredit                  Bank Guarantee/LC      Cash Collateral                EUR                    240,000                                    278,568   Euronet Services S.R.L.          BRD                        Bank Guarantee/LC      Cash Collateral                RON                       2,003                                          498   RIA Financial Services Australia  Pty. Ltd.                        Suncorp Bank               Bank Guarantee/LC      Cash Collateral                AUD                    10,000                                         7,227   RIA Deutschland GmbH             Commerzbank                Bank Guarantee/LC      Cash Collateral                EUR                      20,472                                     23,762   RIA Deutschland GmbH             Commerzbank                Bank Guarantee/LC      Cash Collateral                EUR                      48,700                                     56,526   RIA Deutschland GmbH             DZ Bank                    Bank Guarantee/LC      Cash Collateral                EUR                    210,000                                    243,747   RIA Financial Services GmbH      Luzerner Kantonalbank      Bank Guarantee/LC      Cash Collateral                CHF                      10,000                                     10,191   transact Elektronische  Zahlungssysteme GmbH             Commerzbank                Bank Guarantee/LC      Cash Collateral                EUR                    465,731                                    540,574   transact Elektronische  Zahlungssysteme GmbH             Commerzbank                Bank Guarantee/LC      Cash Collateral                EUR                    194,269                                    225,488   transact Elektronische  Zahlungssysteme GmbH             Commerzbank                Bank Guarantee/LC      Cash Collateral                EUR                      40,000                                     46,428   transact Elektronische           Kreissparkasse München- Zahlungssysteme GmbH             Starnberg                  Bank Guarantee/LC      Cash Collateral                EUR                      83,300                                     96,686   transact Elektronische           Kreissparkasse München- Zahlungssysteme GmbH             Starnberg                  Bank Guarantee/LC      Cash Collateral                EUR                      77,691                                     90,176   transact Elektronische           Kreissparkasse München- Zahlungssysteme GmbH             Starnberg                  Bank Guarantee/LC      Cash Collateral                EUR                      13,479                                     15,645   transact Elektronische           Kreissparkasse München- Zahlungssysteme GmbH             Starnberg                  Bank Guarantee/LC      Cash Collateral                EUR                    229,087                                    265,901             

 

                                                                                                                                                                    EXECUTION COPY   RIA Payment Institution EP, S.A.U. Catalunya Banc, S.A.     Bank Guarantee/LC      Cash Collateral                EUR                      79,200                                     91,927   RIA Payment Institution EP, S.A.U. Catalunya Banc, S.A.     Bank Guarantee/LC      Cash Collateral                EUR                      21,000                                     24,375   RIA Payment Institution EP, S.A.U. Banco Santander          Bank Guarantee/LC      Cash Collateral                EUR                      84,000                                     97,499   RIA Payment Institution EP, S.A.U. Banco Sabadell           Bank Guarantee/LC      Cash Collateral                EUR                      43,200                                     50,142                                                                                                                                                        Total Cash Collateral                                                                                                                               $       3,677,694                                                                                                                                                                                   Other Cash Collateral:                                                                                                                                                                                                                                                                                    Euronet 360 Finance Limited      Deutsche Bank              Other                  Cash Collateral                EUR                 3,000,000                           3,482,100   Euronet 360 Finance Limited      Visa                       Other                  Cash Collateral                EUR                    733,600                             851,490   Euronet 360 Finance Limited      BLIK                       Other                  Cash Collateral                PLN                      20,000                                5,427   Euronet 360 Finance Limited      BRD                        Other                  Cash Collateral                RON              15,000,000                             3,730,415   Euronet 360 Finance Limited      BRD                        Other                  Cash Collateral                RON                   125,000                                31,087   Euronet 360 Finance Limited      PKO BP                     Other                  Cash Collateral                PLN                      20,000                                5,427                                                                                                                                                         Total Other Cash Collateral                                                                                                                         $       8,105,945                                                                                                                                                        Other:  Legal Contingencies                                                                                                                                                                                                                                                                               Telecom Net S.A. Logistica Digital Mauro Nei Guiot          Legal Contingency      Cash deposit                   BRL                        7,058                                1,748   Telecom Net S.A. Logistica Digital Andre Gomes Henrique     Legal Contingency      Cash deposit                   BRL                        2,656                                   658   Telecom Net S.A. Logistica Digital Vanderson Xavier         Legal Contingency      Cash deposit                   BRL                           150                                     37                                    Aelson Conceição de  Telecom Net S.A. Logistica Digital Almeida                  Legal Contingency      Cash deposit                   BRL                        7,486                                1,854                                    Marcos André Assunção dos  Telecom Net S.A. Logistica Digital Santos - PE              Legal Contingency      Cash deposit                   BRL                      25,805                                6,392   Telecom Net S.A. Logistica Digital Luis Andre Ferreira da Silva Legal Contingency  Cash deposit                   BRL                      23,366                                5,788   Telecom Net S.A. Logistica Digital Gilvamberto de Jesus Leite Legal Contingency    Cash deposit                   BRL                        8,184                                2,027   Telecom Net S.A. Logistica Digital Clecio Oliveira de Brito Legal Contingency      Cash deposit                   BRL                      10,139                                2,511   Telecom Net S.A. Logistica Digital Jerri Luis Bieger        Legal Contingency      Cash deposit                   BRL                      27,503                                6,812   Telecom Net S.A. Logistica Digital Agberto Jose Monteiro    Legal Contingency      Cash deposit                   BRL                      30,300                                7,505   Telecom Net S.A. Logistica Digital Lelis Rildo da Silva Souza Legal Contingency    Cash deposit                   BRL                             20                                       5   Telecom Net S.A. Logistica Digital Manoel Lopes Marques     Legal Contingency      Cash deposit                   BRL                      11,427                                2,830   Telecom Net S.A. Logistica Digital Romulo Melo de Oliveira  Legal Contingency      Cash deposit                   BRL                      26,104                                6,466             

 

                                                                                                                                                                    EXECUTION COPY   Telecom Net S.A. Logistica Digital Silvio Barbosa dos Santos Legal Contingency     Cash deposit                   BRL                      17,920                                4,439                                    Mauricio Carvalho dos  Telecom Net S.A. Logistica Digital Santos                   Legal Contingency      Cash deposit                   BRL                        9,161                                2,269   Telecom Net S.A. Logistica Digital Elias Junior Dias de Souza Legal Contingency    Cash deposit                   BRL                        9,960                                2,467   Telecom Net S.A. Logistica Digital Cláudio de Oliveira Neto Legal Contingency      Cash deposit                   BRL                      52,507                              13,006   Telecom Net S.A. Logistica Digital Euclides Garcia Cubas    Legal Contingency      Cash deposit                   BRL                      11,896                                2,947                                    Rosangela Aparecida  Telecom Net S.A. Logistica Digital Almeida Domiciano        Legal Contingency      Cash deposit                   BRL                        9,800                                2,427                                    Antônio Ferreira de Lira  Telecom Net S.A. Logistica Digital Neto                     Legal Contingency      Cash deposit                   BRL                        9,589                                2,375                                    Carlo Giovanni Santana  Telecom Net S.A. Logistica Digital Gugliotta                Legal Contingency      Cash deposit                   BRL                        7,505                                1,859   Telecom Net S.A. Logistica Digital Solange Souza Almeida    Legal Contingency      Cash deposit                   BRL                        5,878                                1,456     Telecom Net S.A. Logistica Digital Cicera Silva de Lima     Legal Contingency      Cash deposit                   BRL                        6,234                                1,544                                     Alexandra Dos Santos  Telecom Net S.A. Logistica Digital Firmino                  Legal Contingency      Cash deposit                   BRL                        3,634                                   900   Telecom Net S.A. Logistica Digital Sandra Maria Soella      Legal Contingency      Cash deposit                   BRL                        3,758                                   931   Telecom Net S.A. Logistica Digital Elisson Messias De Santana Legal Contingency    Cash deposit                   BRL                        1,384                                   343   Telecom Net S.A. Logistica Digital Tamires Souza Santos     Legal Contingency      Cash deposit                   BRL                        1,443                                   357                                    Distribuidora Fox De  Telecom Net S.A. Logistica Digital Produtos Alimenticios Ltda. Legal Contingency   Cash deposit                   BRL                        1,475                                   365   Telecom Net S.A. Logistica Digital Eliene Rosa De Oliveira  Legal Contingency      Cash deposit                   BRL                        1,762                                   436   Telecom Net S.A. Logistica Digital Gustavo Rodrigues Braz   Legal Contingency      Cash deposit                   BRL                        1,762                                   436                                    Maria Aparecida De Oliveira  Telecom Net S.A. Logistica Digital Baesso                   Legal Contingency      Cash deposit                   BRL                        2,000                                   495                                    Thonny Kennard Dias E  Telecom Net S.A. Logistica Digital Souza                    Legal Contingency      Cash deposit                   BRL                           150                                     37   Telecom Net S.A. Logistica Digital Cintia Gimenez De Siqueira Legal Contingency    Cash deposit                   BRL                           200                                     50                                    Mj Alexandre Silva - Me  Telecom Net S.A. Logistica Digital /Super Compras Alimentos Legal Contingency      Cash deposit                   BRL                           478                                   118   Telecom Net S.A. Logistica Digital Daniela Alves da Silva   Legal Contingency      Cash deposit                   BRL                      10,230                                2,534   Telecom Net S.A. Logistica Digital Nathalia Ferreira de Pinho Legal Contingency    Cash deposit                   BRL                        7,303                                1,809                                    Douglas Felipe Gomes Pena  Telecom Net S.A. Logistica Digital Maciel                   Legal Contingency      Cash deposit                   BRL                        6,000                                1,486             

 

                                                                                                                                                                    EXECUTION COPY   Total Legal Contingencies                                                                                                                                                    89,722                                                                                                                                                        Other:                                                                                                                                                                                                                                                                                                    Euronet Payment & Card Services  Mastercard/National Bank of  Ltd.                             Hungary                    Collateral-Securities  Government Bond                HUF                   500,000                                         1,797   Euronet Payment & Card Services  Visa/National Bank of  Ltd.                             Hungary                    Collateral-Securities  Government Bond                HUF                   500,000                                         1,797   Total Collateral-Securities                                                                                                                                                            3,594                                                                                                                                                        Total Other                                                                                                                                         $            93,316                                                                                                                                                        Total Existing Liens                                                                                                                                $     11,876,956                                                                                                                                                                                                                                                                                                                                                                                                                              FX Rates                                             9/30/2018                                                                                                                   AUD                                                   0.722700                                                                                                                   BGN                                                   0.591870                                                                                                                   BRL                                                   0.247696                                                                                                                   CAD                                                   0.774653                                                                                                                   CHF                                                   1.019056                                                                                                                   CNY                                                   0.145603                                                                                                                   CZK                                                   0.045523                                                                                                                   EUR                                                   1.160700                                                                                                                   GBP                                                   1.303500                                                                                                                   HRK                                                   0.156182                                                                                                                   HUF                                                   0.003594                                                                                                                   INR                                                   0.013793                                                                                                                   MYR                                                   0.241721                                                                                                                   NZD                                                   0.662600                                                                                                                   PLN                                                   0.271334                                                                                                                   RON                                                   0.248694                      

 

                                                                                                                                                                                   EXECUTION COPY                                                                                             SCHEDULE 8.03                                                                                      EXISTING INDEBTEDNESS                                                                                                                                             Local Currency  Debtor Name                            Creditor Name              Type of Indebtedness       Description                                  Amount                                USD Amount                                                                                                                                                                                                 Bank Guarantees:                                                                                                                                                                                                                                                                                                                                                                            EWI (on behalf of cadooz GmbH)         Bank of America            Bank Guarantee/LC          Trade Credit                                  EUR         385,000                            446,870   cadooz GmbH Total                                                                                                                                                                         446,870                                                                                                                                                                                                 EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD           10,000                             10,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD           10,000                             10,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD           10,000                             10,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD           10,000                             10,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD         100,000                            100,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD           10,000                             10,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD           10,000                             10,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD         220,400                            220,400   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD           10,000                             10,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD           10,000                             10,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD           20,000                             20,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Performance Guarantee                         USD           75,000                             75,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD         800,000                            800,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD           10,000                             10,000                          

 

                                                                                                                                                                                   EXECUTION COPY   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD           10,000                             10,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD         200,000                            200,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD         175,000                            175,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD           10,000                             10,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD             5,000                              5,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD           10,000                             10,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD         140,000                            140,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD           10,000                             10,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD           10,000                             10,000   EWI (on behalf of Continental Exchange  Solutions, Inc.)                       Bank of America            Bank Guarantee/LC          Correspondent bank money guar                 USD           10,000                             10,000   Continental Exchange Solutions, Inc. Total                                                                                                                                             1,885,400                                                                                                                                                                                                 EFT-Usluge d.o.o.            Raiffeisen Bank                      Bank Guarantee/LC          ATM Site Rents                                HRK        240,000                               37,484   EFT-Usluge d.o.o.            Raiffeisen Bank                      Bank Guarantee/LC          ATM Site Rents                                HRK          45,000                                7,028   EFT-Usluge d.o.o. Total                                                                                                                                                                     44,512                                                                                                                                                                                                 EWI (on behalf of epay  Australia Pty Ltd)           Bank of America                      Bank Guarantee/LC          Office Lease                                  AUD        242,269                             175,088   EWI (on behalf of epay  Australia Pty Ltd)           Bank of America                      Bank Guarantee/LC          Performance Guarantee                         AUD   20,000,000                          14,454,000   EWI (on behalf of epay  Australia Pty Ltd)           Bank of America                      Bank Guarantee/LC          Trade Credit                                  AUD   10,000,000                            7,227,000   epay Australia Pty Ltd Total                                                                                                                                                         21,856,088                                                                                                                                                                                                 EWI (on behalf of Euronet  360 Finance Limited)         Bank of America                      Bank Guarantee/LC          Airport ATMs                                  EUR           14,250                             16,540   EWI (on behalf of Euronet  360 Finance Limited)         Bank of America                      Bank Guarantee/LC          Airport ATMs                                  EUR           11,923                             13,839   EWI (on behalf of Euronet  360 Finance Limited)         Bank of America                      Bank Guarantee/LC          Airport ATMs                                  EUR             8,424                              9,778   EWI (on behalf of Euronet  360 Finance Limited)         Bank of America                      Bank Guarantee/LC          Airport ATMs                                  EUR           27,317                             31,707                         

 

                                                                                                                                                                                   EXECUTION COPY   EWI (on behalf of Euronet  360 Finance Limited)         Bank of America                      Bank Guarantee/LC          Airport ATMs                                  EUR             9,800                            11,375    EWI (on behalf of Euronet  360 Finance Limited)         Bank of America                      Bank Guarantee/LC          Airport ATMs                                  EUR         121,310                            140,805   EWI (on behalf of Euronet  360 Finance Limited)         Bank of America                      Bank Guarantee/LC          Airport ATMs                                  EUR           22,575                             26,203   EWI (on behalf of Euronet  360 Finance Limited)         Bank of America                      Bank Guarantee/LC          Airport ATMs                                  EUR           22,575                             26,203   EWI (on behalf of Euronet  360 Finance Limited)         Bank of America                      Bank Guarantee/LC          Airport ATMs                                  EUR           11,610                             13,476   EWI (on behalf of Euronet  360 Finance Limited)         Bank of America                      Bank Guarantee/LC          Airport ATMs                                  EUR             9,810                            11,386   EWI (on behalf of Euronet  360 Finance Limited)         Bank of America                      Bank Guarantee/LC          Airport ATMs                                  EUR           22,575                             26,203   EWI (on behalf of Euronet  360 Finance Limited)         Bank of America                      Bank Guarantee/LC          ATM Lease/Funding                             EUR           16,200                             18,803   Euronet 360 Finance  Limited Total                                                                                                                                                                             346,317                                                                                                                                                                                                 EWI (on behalf of Euronet  360 Finance Limited, Sede  Secondaria Italiana)         Bank of America                      Bank Guarantee/LC          Airport ATMs                                  EUR         233,606                            271,146   Euronet 360 Finance Limited,  Sede Secondaria Italiana     UniCredit                            Bank Guarantee/LC          Airport ATMs                                  EUR           29,280                             33,985   Euronet 360 Finance Limited,  Sede Secondaria Italiana     UniCredit                            Bank Guarantee/LC          Airport ATMs                                  EUR             7,560                              8,775   Euronet 360 Finance Limited, Sede Secondaria Italiana Total                                                                                                                               313,907                                                                                                                                                                                                 EWI (on behalf of Euronet  360 Finance Limited, Sucursal  en Espana)                   Bank of America       Bank Guarantee/LC                         Airport ATMs                                  EUR           17,640                             20,475   Euronet 360 Finance Limited, Sucursal en Espana  Total                                                                                                                                                                                       20,475                                                                                                                                                                                                 Euronet Banktechnikai  Szolgaltato Kft.             K&H Bank Zrt          Bank Guarantee/LC                         Peformance Guarantee                          HUF   20,000,000                                 71,878   Euronet Banktechnikai Szolgaltato Kft. Total                                                                                                                                                71,878                                                                                                                                                                                                 EWI (on behalf of Euronet  Card Services S.A.)          Bank of America       Bank Guarantee/LC                         Trade Credit                                  EUR           90,000                           104,463   EWI (on behalf of Euronet  Card Services S.A.)          Bank of America       Bank Guarantee/LC                         Trade Credit                                  EUR           90,000                           104,463                         

 

                                                                                                                                                                                   EXECUTION COPY   Euronet Card Services S.A.   Pireaus Bank          Bank Guarantee/LC                         Contract Guarantee                            EUR             8,211                              9,531   Euronet Card Services S.A.  Total                                                                                                                                                                                     218,457                                                                                                                                                                                                 EWI (on behalf of Euronet  Pay & Transaction Services  S.R.L.)                      Bank of America       Bank Guarantee/LC                         Top ups                                       EUR      1,000,000                          1,160,700   EWI (on behalf of Euronet  Pay & Transaction Services  S.R.L.)                      Bank of America       Bank Guarantee/LC                         Office Lease                                  EUR           75,000                             87,053   EWI (on behalf of Euronet  Pay & Transaction Services  S.R.L.)                      Bank of America       Bank Guarantee/LC                         PayTV                                         EUR         350,000                            406,245   Euronet Pay & Transaction  Services S.R.L.              UniCredit             Bank Guarantee/LC                         Top ups                                       EUR         250,000                            290,175   Euronet Pay & Transaction  Services S.R.L.              UniCredit             Bank Guarantee/LC                         Top ups                                       EUR         500,000                            580,350   Euronet Pay & Transaction  Services S.R.L.              UniCredit             Bank Guarantee/LC                         Top ups                                       EUR      2,200,000                          2,553,540   Euronet Pay & Transaction  Services S.R.L.              UniCredit             Bank Guarantee/LC                         Top ups                                       EUR      1,500,000                          1,741,050   Euronet Pay & Transaction  Services S.R.L.              UniCredit             Bank Guarantee/LC                         Top ups                                       EUR      1,500,000                          1,741,050   Euronet Pay & Transaction  Services S.R.L.              UniCredit             Bank Guarantee/LC                         Top ups                                       EUR      1,200,000                          1,392,840   Euronet Pay & Transaction Services S.R.L. Total                                                                                                                                        9,953,003                                                                                                                                                                                                 Euronet Polska Spółka z o.o. Raiffeisen Bank       Bank Guarantee/LC                         PIN Purchases                                 PLN      2,400,000                             651,201   Euronet Polska Spółka z o.o. Raiffeisen Bank       Bank Guarantee/LC                         PIN Purchases                                 PLN      2,500,000                             678,334   Euronet Polska Spółka z o.o. Raiffeisen Bank       Bank Guarantee/LC                         Office Rent                                   EUR         329,801                            382,800   Euronet Polska Spółka z o.o. Raiffeisen Bank       Bank Guarantee/LC                         Asset Purchase Agreement                      PLN      2,000,000                             542,667   Euronet Polska Spółka z o.o.  Total                                                                                                                                                                                  2,255,002                                                                                                                                                                                                                              Credit Agricole  Euronet Services d.o.o       Banka                 Bank Guarantee/LC                         Performance Guarantee                         EUR         121,472                            140,993   Euronet Services d.o.o Total                                                                                                                                                              140,993                                                                                                                                                                                                 Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Performance Guarantee                         INR          100,000                               1,379   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Performance Guarantee                         INR          100,000                               1,379                         

 

                                                                                                                                                                                   EXECUTION COPY   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Performance Guarantee                         INR          100,000                               1,379   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Performance Guarantee                         INR          100,000                               1,379   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Performance Guarantee                         INR          100,000                               1,379   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Performance Guarantee                         INR          100,000                               1,379   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Performance Guarantee                         INR          100,000                               1,379   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Performance Guarantee                         INR          100,000                               1,379   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Performance Guarantee                         INR       5,976,090                              82,429   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Performance Guarantee                         INR       1,260,000                              17,379   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Bank Guarantee                                INR            50,000                                 690   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Credit Guarantee                              INR     74,453,513                          1,026,945   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Performance Guarantee                         INR          100,000                               1,379   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Performance Guarantee                         INR          100,000                               1,379   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         EMD Guarantee                                 INR       5,000,000                              68,966   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         EMD Guarantee                                 INR          100,000                               1,379   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         EMD Guarantee                                 INR       1,642,500                              22,655   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Performance Guarantee                         INR     10,000,000                             137,931   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Performance Guarantee                         INR       2,190,000                              30,207   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         EMD Guarantee                                 INR          100,000                               1,379   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Performance Guarantee                         INR       1,000,000                              13,793   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Performance Guarantee                         INR          100,000                               1,379   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Performance Guarantee                         INR       1,000,000                              13,793   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         EMD Guarantee                                 INR          500,000                               6,897                         

 

                                                                                                                                                                                   EXECUTION COPY   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Performance Guarantee                         INR          102,000                               1,407   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         Performance Guarantee                         INR       1,000,000                              13,793   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         EMD Guarantee                                 INR          500,000                               6,897   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         EMD Guarantee                                 INR       2,000,000                              27,586   Euronet Services India Pvt.  Ltd.                         Bank of America       Bank Guarantee/LC                         EMD Guarantee                                 INR       2,000,000                              27,586   Euronet Services India Pvt.  Ltd. Total                                                                                                                                                                             1,516,884                                                                                                                                                                                                 EWI (on behalf of Euronet  Services S.R.L.)             Bank of America       Bank Guarantee/LC                         Office Rent/Operating Agreement               EUR           92,000                           106,784   Euronet Services S.R.L.      BRD                   Bank Guarantee/LC                         ATM Site Rents                                RON            2,003                                  498   Euronet Services S.R.L.  Total                                                                                                                                                                                     107,283                                                                                                                                                                                                 EWI (on behalf of Euronet  Telerecarga, S.L.U.)         Bank of America       Bank Guarantee/LC                         Trade Credit                                  EUR      1,000,000                          1,160,700   EWI (on behalf of Euronet  Telerecarga, S.L.U.)         Bank of America       Bank Guarantee/LC                         Trade Credit                                  EUR         650,000                            754,455   Euronet Telerecarga, S.L.U.  Total                                                                                                                                                                                  1,915,155                                                                                                                                                                                                 EWI (on behalf of Euronet  USA, LLC)                    Bank of America       Bank Guarantee/LC                         Airport ATMs                                  USD           44,000                             44,000   Euronet USA, LLC Total                                                                                                                                                                      44,000                                                                                                                                                                                                 EWI (on behalf of Pure  Commerce Pty Ltd)            Bank of America       Bank Guarantee/LC                         Office Rent                                   AUD          54,113                              39,107   Pure Commerce Pty Ltd  Total                                                                                                                                                                                       39,107                                                                                                                                                                                                 Ria Deutschland GmbH         Commerzbank           Bank Guarantee/LC                         Office Rent                                   EUR             4,050                              4,701   Ria Deutschland GmbH         Commerzbank           Bank Guarantee/LC                         Store Rent                                    EUR           20,472                             23,762   Ria Deutschland GmbH         Commerzbank           Bank Guarantee/LC                         Store Rent                                    EUR             9,275                            10,765   Ria Deutschland GmbH         Commerzbank           Bank Guarantee/LC                         Store Rent                                    EUR             7,041                              8,172   Ria Deutschland GmbH         Commerzbank           Bank Guarantee/LC                         Office Rent                                   EUR           48,700                             56,526   Ria Deutschland GmbH         DZ Bank               Bank Guarantee/LC                         Store Rent                                    EUR         210,000                            243,747                         

 

                                                                                                                                                                                   EXECUTION COPY   Ria Deutschland GmbH         DZ Bank               Bank Guarantee/LC                         Store Rent                                    EUR           19,900                             23,098   Ria Deutschland GmbH         DZ Bank               Bank Guarantee/LC                         Store Rent                                    EUR           25,650                             29,772   Ria Deutschland GmbH         DZ Bank               Bank Guarantee/LC                         Store Rent                                    EUR           78,012                             90,549   Ria Deutschland GmbH  Total                                                                                                                                                                                     491,092                                                                                                                                                                                                 RIA Envia Financial Services  Belgium SPRL                 BELFIUS Bank          Bank Guarantee/LC                         Bank Guarantee                                EUR           16,068                             18,650   RIA Envia Financial Services  Belgium SPRL                 BELFIUS Bank          Bank Guarantee/LC                         Bank Guarantee                                EUR             5,025                              5,833   RIA Envia Financial Services  Belgium SPRL                 BELFIUS Bank          Bank Guarantee/LC                         Bank Guarantee                                EUR           14,839                             17,224   RIA Envia Financial Services Belgium SPRL Total                                                                                                                                             41,706                                                                                                                                                                                                 RIA Financial Services  Australia Pty. Ltd.          Suncorp Bank          Bank Guarantee/LC                         Store Lease                                   AUD          10,000                                7,227   RIA Financial Services Australia Pty. Ltd. Total                                                                                                                                              7,227                                                                                                                                                                                                                              Luzerner  RIA Financial Services GmbH  Kantonalbank          Bank Guarantee/LC                         Store Rent                                    CHF           10,000                             10,191   RIA Financial Services GmbH  Valiant Bank          Bank Guarantee/LC                         Store Rent                                    CHF             9,000                              9,172   RIA Financial Services  GmbH                                                                                                                                                                                        19,362                                                                                                                                                                                                                              Societe Generale,  Ria France SAS               S.A.                  Bank Guarantee/LC                         Store Rent                                    EUR             7,200                              8,357   Ria France SAS Total                                                                                                                                                                          8,357                                                                                                                                                                                                 EWI (on behalf of RIA Italia  S.R.L.)                      Bank of America       Bank Guarantee/LC                         Office rent                                   EUR         122,345                            142,006   EWI (on behalf of RIA Italia  S.R.L.)                      Bank of America       Bank Guarantee/LC                         Store lease                                   EUR           96,000                           111,427   EWI (on behalf of RIA Italia  S.R.L.)                      Bank of America       Bank Guarantee/LC                         Store lease                                   EUR           51,000                             59,196   RIA Italia S.R.L. Total                                                                                                                                                                   312,629                                                                                                                                                                                                 RIA Payment Institution EP,  S.A.U.                       Catalunya Banc, S.A.  Bank Guarantee/LC                         Store Rent                                    EUR           79,200                             91,927   RIA Payment Institution EP,  S.A.U.                       Catalunya Banc, S.A.  Bank Guarantee/LC                         Store Rent                                    EUR           21,000                             24,375                          

 

                                                                                                                                                                                   EXECUTION COPY   RIA Payment Institution EP,  S.A.U.                       Banco Santander       Bank Guarantee/LC                         Store Rent                                    EUR           84,000                             97,499   RIA Payment Institution EP,  S.A.U.                       Banco Sabadell        Bank Guarantee/LC                         Store Rent                                    EUR           43,200                             50,142   RIA Payment Institution EP, S.A.U. Total                                                                                                                                                  263,943                                                                                                                                                                                                 Telecom Net S.A. Logistica  Digital                      Bank of America       Bank Guarantee/LC                         Trade Credit                                  BRL      5,000,000                          1,238,482   Telecom Net S.A. Logistica  Digital                      Bank of America       Bank Guarantee/LC                         Trade Credit                                  BRL    22,000,000                           5,449,321   Telecom Net S.A. Logistica  Digital                      Bank of America       Bank Guarantee/LC                         Trade Credit                                  BRL    10,000,000                           2,476,964   Telecom Net S.A. Logistica  Digital                      Bank of America       Bank Guarantee/LC                         Office Rent                                   BRL         404,000                            100,069   Telecom Net S.A. Logistica  Digital                      Bank of America       Bank Guarantee/LC                         Trade Credit                                  BRL    17,000,000                           4,210,839   Telecom Net S.A. Logistica  Digital                      Bank of America       Bank Guarantee/LC                         Office Rent                                   BRL           98,550                             24,410   Telecom Net S.A. Logistica Digital Total                                                                                                                                             13,500,087                                                                                                                                                                                                 EWI (on behalf of transact  Elektronische  Zahlungssysteme GmbH)        Bank of America       Bank Guarantee/LC                         Trade Credit                                  EUR    14,860,000                         17,248,002   transact Elektronische  Zahlungssysteme GmbH         Commerzbank           Bank Guarantee/LC                         ATM site rents                                EUR         465,731                            540,574   transact Elektronische  Zahlungssysteme GmbH         Commerzbank           Bank Guarantee/LC                         ATM site rents                                EUR         194,269                            225,488   transact Elektronische  Zahlungssysteme GmbH         Commerzbank           Bank Guarantee/LC                         Office Rent                                   EUR           40,000                             46,428   transact Elektronische       Kreissparkasse  Zahlungssysteme GmbH         München-Starnberg     Bank Guarantee/LC                         Security for downpayment received at transact  EUR           83,300                            96,686   transact Elektronische       Kreissparkasse  Zahlungssysteme GmbH         München-Starnberg     Bank Guarantee/LC                         Office Rent                                   EUR           77,691                             90,176   transact Elektronische       Kreissparkasse  Zahlungssysteme GmbH         München-Starnberg     Bank Guarantee/LC                         Office Rent ATM                               EUR           13,479                             15,645   transact Elektronische       Kreissparkasse  Zahlungssysteme GmbH         München-Starnberg     Bank Guarantee/LC                         Office Rent                                   EUR         229,087                            265,901   transact Elektronische Zahlungssysteme GmbH  Total                                                                                                                                                                                18,528,900                                                                                                                                                                                                 Total Bank Guarantee/LC                                                                                                                                                        $    74,348,632                                                                                                                                                                                           

 

                                                                                                                                                            EXECUTION COPY   China:                                                                                                                                                                                                                                                                                    Jiayintong (Beijing)  Technology Development  Co. Ltd. d.b.a. Euronet  China                    Mary Wang          Short-term Loan                      Short-term Loan                          CNY     3,650,000            531,450                                                                                                                                                Total China                                                                                                                                 $ 531,450                                                                                                                                                                         India:                                                                                                                                                                                                                                                                                    Euronet Services India Pvt.  Ltd.                     Bank of America    Credit Facility                      Revolver                                 INR   300,000,000        4,137,931   Euronet Services India Pvt.  Ltd.                     ICICI Bank         Auto Loan                            Auto Loan                                INR       2,646,025              36,497   Euronet Services India Pvt.  Ltd.                     ICICI Bank         Auto Loan                            Auto Loan                                INR       2,791,596              38,505   Euronet Services India Pvt.  Ltd.                     Yes Bank           Auto Loan                            Auto Loan                                INR       4,000,696              55,182                                                                                                                                                 Total India                                                                                                                                 $ 4,268,115                                                                                                                                                Other:                                                                                                                                                                                                                                                                                    Innova Taxfree Group S.L. BBVA Bank         Loan                                 Loan                                     EUR         134,661              156,301   Innova Taxfree Spain S.L. Santander Bank    Credit Facility                      Credit Facility                          EUR           99,004              114,914   Innova Taxfree Spain S.L. Ibercaja Bank     Credit Facility                      Credit Facility                          EUR         199,397              231,440   Innova Taxfree Spain S.L. Bankia            Credit Facility                      Credit Facility                          EUR           99,369              115,338   Innova Taxfree Spain S.L. Caixa Bank        Credit Facility                      Credit Facility                          EUR           19,487                22,619   Innova Taxfree Spain S.L. BBVA Bank         Loan                                 Loan                                     EUR         190,835              221,502   Innova Taxfree Spain S.L. Popular Bank      Loan                                 Loan                                     EUR           80,278                93,179   Innova Taxfree Spain S.L. Popular Bank      Loan                                 Loan                                     EUR         320,293              371,764   Innova Taxfree Spain S.L. Santander Bank    Loan                                 Loan                                     EUR         145,707              169,122   IME (M) Sdn Bhd          Maybank            Auto Loan                            Auto Loan                                MYR         29,767                  7,195   IME (M) Sdn Bhd          Maybank            Auto Loan                            Auto Loan                                MYR         29,767                  7,195   IME (M) Sdn Bhd          Maybank            Auto Loan                            Auto Loan                                MYR         29,767                  7,195                       

 

                                                                                                                                                            EXECUTION COPY   IME (M) Sdn Bhd          Maybank            Auto Loan                            Auto Loan                                MYR         29,767                  7,195   IME (M) Sdn Bhd          Public Bank        Auto Loan                            Auto Loan                                MYR         43,724                10,569   IME (M) Sdn Bhd          Public Bank        Auto Loan                            Auto Loan                                MYR         43,724                10,569   IME (M) Sdn Bhd          Public Bank        Auto Loan                            Auto Loan                                MYR         22,726                  5,493   IME (M) Sdn Bhd          Public Bank        Auto Loan                            Auto Loan                                MYR         22,726                  5,493   IME (M) Sdn Bhd          Public Bank        Auto Loan                            Auto Loan                                MYR         22,726                  5,493                            Hong Leong  IME (M) Sdn Bhd          Islamic            Auto Loan                            Auto Loan                                MYR         38,240                  9,243                                                                                                                                                                                                                                                                                             Total Other                                                                                                                                 $ 1,571,822                                                                                                                                                Total Indebtedness                                                                                                                          $80,720,018                                                                                                                                                                                                                                                                         FX Rates                          9/30/2018                                                                                                                           AUD                                0.722700                                                                                                                           BGN                                0.591870                                                                                                                           BRL                                0.247696                                                                                                                           CAD                                0.774653                                                                                                                           CHF                                1.019056                                                                                                                           CNY                                                    0.145603                                                                                                                           CZK                                0.045523                                                                                                                           EUR                                1.160700                                                                                                                           GBP                                1.303500                                                                                                                           HRK                                0.156182                                                                                                                           HUF                                0.003594                                                                                                                           INR                                0.013793                                                                                                                           MYR                                0.241721                                                                                                                           NZD                                0.662600                                                                                                                           PLZ                                0.271334                                                                                                                           RON                                0.248694                       

 

                                                        EXECUTION COPY                                    Schedule 11.02                              NOTICE ADDRESSES   BORROWER AND EACH OTHER CREDIT PARTY:  [Applicable Noticee]  c/o Euronet Worldwide, Inc. 3500 College Boulevard  Leawood, Kansas 66211  Attn:  Chief Financial Officer   With a copy to:   [Applicable Noticee]  c/o Euronet Worldwide, Inc. 3500 College Boulevard  Leawood, Kansas 66211  Attn:  General Counsel   ADMINISTRATIVE AGENT   Agency Servicing:  (Domestic and FX Commitments/USD Swingline)   Primary:                    Christopher Moss                              Bank of America, N.A.                              2380 Performance Drive, Building C                              Mail Code:  TX2-984-03-23                              Telephone:  (469) 201-9065                              Fax:  (214) 672-8784                              Email:  christopher.moss@baml.com   Agency Management:          Liliana Claar (financial reporting requirements)                              Bank of America, N.A.                              555 California Street, 4th Floor                              Mail Code:  CA5-705-04-09                              Telephone:  (415) 436-2770                              Fax:  (415 503-5003                              Email:  liliana.claar@baml.com   Foreign Currency Swingline:  Kevin Gubb/Adi Khambata                              Bank of America, N.A.                              26 Elmfield Road                              Bromley, Kent BR1 1LR                              United Kingdom                              Telephone:  44 208 313-2655                              Fax:  44 208 313-2140                              Group Email:  emealoanoperations@baml.com   Letters of Credit:          Bank of America, N.A.                              Global Trade Operations                              Standby Letters of Credit                              333 S. Hope Street, 14th Floor                              Mail Code:  CA9-193-14-53                              Los Angeles, CA 90071-1406                              Telephone:  213-345-2517                              Fax:  888-277-5577                              Email:  tai_anh.lu@baml.com   USD Wire Instructions:      Bank of America, N.A.                              ABA #:  026-009-593                              Acct:  1366072250600                              Attn:  Credit Services                              Ref:  Euronet Worldwide, Inc.       

 

                                                                           EXECUTION COPY   For wire instructions for other currencies, please see below:       CURRENCY                                    NEW INSTRUCTIONS                     Beneficiary Bank:  Bank of America Australia (BOFAAUSX)         AUD         Beneficiary Account Number:  520195687018                     Beneficiary:  Bank of America NA                     Beneficiary Bank:  Bank of America Canada (BOFACATT)         CAD         Beneficiary Account Number:  711465090227                     Beneficiary:  Bank of America NA                     Beneficiary Bank:  Bank of America NA (BOFACH2X )         CHF         Beneficiary Account Number:  CH6308726000095687013                     Beneficiary:  Bank of America NA                     Correspondent/ Intermediary Bank:  Danske Bank (DABADKKK)                     Beneficiary Bank:  Bank of America NT and SA (BOFAGB22)         DKK         Beneficiary Account Number:  GB23BOFA16505095687053                     Beneficiary:  Bank of America NA                     Beneficiary Bank:  Bank of America NT and SA (BOFAGB22)         EUR         Beneficiary Account Number:  GB89BOFA16505095687029                     Beneficiary:  Bank of America NA                     Beneficiary Bank:  Bank of America NT and SA (BOFAGB22)         GBP         Beneficiary Account Number:  GB90BOFA16505095687011                     Beneficiary:  Bank of America NA                     Beneficiary Bank:  Bank of America NA (BOFAHKHX)         HKD         Beneficiary Account Number:  605595687014                     Beneficiary:  Bank of America NA                     Beneficiary Bank:  Bank of America NA (BOFAJPJX)         JPY         Beneficiary Account Number:  606495687013                     Beneficiary:  Bank of America NA                     Correspondent/ Intermediary Bank:  Bank of America Mexico (BOFAMXMX)                     Beneficiary Bank:  Bank of America NT and SA (BOFAGB22)        MXN          Beneficiary Account Number:  GB97BOFA16505095687079                     Beneficiary:  Bank of America NA                     Correspondent/ Intermediary Bank:  DNB NOR BANK ASA (DNBANOKK)                     Beneficiary Bank:  Bank of America NT and SA (BOFAGB22)         NOK         Beneficiary Account Number:  GB46BOFA16505095687318                     Beneficiary:  Bank of America NA                     Correspondent/ Intermediary Bank:  Bank of New Zealand (BKNZNZ22)                     Beneficiary Bank:  Bank of America NT and SA (BOFAGB22)         NZD         Beneficiary Account Number:  GB67BOFA16505095687037                     Beneficiary:  Bank of America NA                     Correspondent/ Intermediary Bank:  SVENSKA HANDELSBANKEN                     (HANDSESS) Beneficiary Bank:  Bank of America NT and SA (BOFAGB22)         SEK         Beneficiary Account Number:  GB45BOFA16505095687045                     Beneficiary:  Bank of America NA                     Beneficiary Bank:  Bank of America NA (BOFASG2X )         SGD         Beneficiary Account Number:  621295687005                     Beneficiary:  Bank of America NA                     Correspondent/ Intermediary Bank:  NEDBANK Limited (NEDSZAJJ)                     Beneficiary Bank:  Bank of America NT and SA (BOFAGB22)         ZAR         Beneficiary Account Number:  GB98BOFA16505095687061                     Beneficiary:  Bank of America NA           

 

                                                            EXECUTION COPY                                                                       Exhibit 2.01                      FORM OF LENDER JOINDER AGREEMENT         THIS LENDER JOINDER AGREEMENT (this “Agreement”) dated as of __________,  20____ to the Credit Agreement referenced below is by and among [NEW LENDER] (the “New  Lender”), Euronet Worldwide, Inc., a Delaware corporation (“Euronet”) and the Administrative  Agent under the Credit Agreement referenced below.  Capitalized terms used but not otherwise  defined herein have the meanings provided in the Credit Agreement referenced below.                                   WITNESSETH         WHEREAS, pursuant to that certain Credit Agreement, dated as of October __, 2018 (as  amended, restated, increased, supplemented or otherwise modified from time to time, the “Credit  Agreement”) among Euronet and certain Subsidiaries, as Borrowers and as Guarantors, the  lenders from time to time party thereto (the “Lenders”) and Bank of America, N.A., as  administrative agent (in such capacity, the “Administrative Agent”), the Lenders have agreed to  provide the Borrowers with revolving credit facilities;         WHEREAS, pursuant to Section 2.01(f) of the Credit Agreement, the Company has  requested that the New Lender provide an additional [USD] [Primary Currency] [Secondary  Currency] Commitment under the Credit Agreement; and         WHEREAS, the New Lender has agreed to provide the additional [USD] [Primary  Currency] [Secondary Currency] Commitment on the terms and conditions set forth herein and  to become a “Lender” under the Credit Agreement in connection therewith;         NOW, THEREFORE, IN CONSIDERATION of the premises and other good and  valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties  hereto agree as follows:         1.    The New Lender hereby agrees to provide [USD] [Primary Currency] [Secondary  Currency] Commitments to the applicable Borrowers during the Commitment Period in an  amount up to its [USD] [Primary Currency] [Secondary Currency] Committed Amount set forth  on Schedule 2.01 attached hereto.  The New Lender’s [USD] [Primary Currency] [Secondary  Currency] Commitment Percentage shall be as set forth on Schedule 2.01 attached hereto.  The  existing Schedule 2.01 to the Credit Agreement shall be deemed to be amended to include the  information set forth on Schedule 2.01 attached hereto.         [2.  The New Lender shall be deemed to have purchased, without recourse, a risk  participation from the L/C Issuer in all Letters of Credit issued or existing under the Credit  Agreement and the obligations arising thereunder in an amount equal to its USD Revolving  Commitment Percentage of the obligations under such Letters of Credit and shall absolutely,  unconditionally and irrevocably assume, as primary obligor and not as surety, and be obligated to  pay to the L/C Issuer and discharge when due, its USD Revolving Commitment Percentage of  the obligations arising under such Letters of Credit.]       

 

                                                            EXECUTION COPY         3.    The New Lender (a) represents and warrants that (i) it has full power and  authority, and has taken all action necessary, to execute and deliver this Agreement and to  consummate the transactions contemplated hereby and to become a [USD] [Primary Currency]  [Secondary Currency] Lender under the Credit Agreement, (ii) it meets all requirements of an  Eligible Assignee under the Credit Agreement, (iii) from and after the date hereof, it shall be  bound by the provisions of the Credit Agreement as a [USD] [Primary Currency] [Secondary  Currency] Lender thereunder and shall have the obligations of a [USD] [Primary Currency]  [Secondary Currency] Lender thereunder, (iv) it has received a copy of the Credit Agreement,  together with copies of the most recent financial statements delivered pursuant to Section 7.01  thereof and such other documents and information as it has deemed appropriate to make its own  credit analysis and decision to enter into this Agreement and, based on such information, has  made such analysis and decision independently and without reliance on either Administrative  Agent or any other Lender and (v) if it is a Foreign Lender, attached hereto is any documentation  required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and  executed by the New Lender; and (b) agrees that (i) it will, independently and without reliance  on either Administrative Agent or any other Lender, and based on such documents and  information as it shall deem appropriate at the time, continue to make its own credit decisions in  taking or not taking action under the Credit Documents and (ii) it will perform in accordance  with their terms all of the obligations which by the terms of the Credit Documents are required to  be performed by it as a [USD] [Primary Currency] [Secondary Currency] Lender.  If so required  at the date hereof for EFT Services Holding B.V. to comply with its obligations under the Dutch  Banking Act or the regulations or policies promulgated thereunder, the New Lender explicitly  declares and represents that (x) it a professional market party (professionele marktpartif) within  the meaning of Dutch Banking Act (Vrijstellingsregeling Wtk 1992), (y) it is aware that it does  not benefit from creditor protection under the Dutch Banking Act and (z) it has made its own  appraisal of EFT Services Holding B.V.         4.    Euronet agrees that, as of the date hereof, the New Lender shall (a) be a party to  the Credit Agreement, (b) be a “[ USD] [Primary Currency] [Secondary Currency] Lender” for  all purposes of the Credit Agreement and the other Credit Documents and (c) have the rights and  obligations of a [USD] [Primary Currency] [Secondary Currency] Lender under the Credit  Agreement and the other Credit Documents.         5.    The address of the New Lender for purposes of all notices and other  communications is as set forth on the Administrative Questionnaire delivered by the New Lender  to the Administrative Agent.         6.    This Agreement may be executed in any number of counterparts and by the  various parties hereto in separate counterparts, each of which when so executed shall be deemed  to be an original and all of which taken together shall constitute one contract.         7.    This Agreement shall be governed by, and construed in accordance with, the law  of the State of New York.                [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]          

 

                                                            EXECUTION COPY         IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be  executed by a duly authorized officer as of the date first above written.   NEW LENDER:                        [NEW LENDER],                                      as New Lender                                       By:                                         Name:                                      Title:  EURONET:                           EURONET WORLDWIDE, INC.                                       By:                                         Name:                                      Title:  Accepted and Agreed:   [ADMINISTRATIVE AGENT:             BANK OF AMERICA, N.A.,                                      as Administrative Agent                                       By:                                         Name:                                      [Title:]             

 

                                                            EXECUTION COPY                                                                       Exhibit 2.02                              FORM OF LOAN NOTICE   Date:  _______________   To:  Bank of America, N.A., as Administrative Agent   Re:  Credit Agreement, dated as of October ___, 2018 (as amended, restated, increased,        supplemented or otherwise modified from time to time, the “Credit Agreement”) among        Euronet Worldwide, Inc., a Delaware corporation, and certain Subsidiaries, as Borrowers,        certain Subsidiaries, as Guarantors, the lenders from time to time party thereto (the        “Lenders”) and Bank of America, N.A., as administrative agent (in such capacity, the        “Administrative Agent”).  Capitalized terms used but not otherwise defined herein have        the meanings provided in the Credit Agreement.   Ladies and Gentlemen:      1.    The undersigned hereby requests the following:      a USD Swingline Borrowing               a USD Revolving Loan Borrowing                                               a USD Revolving Loan continuation      a USD Revolving Loan conversion                                               a Primary Currency Swingline Borrowing   a Primary Currency Revolving Loan                                           Borrowing                                              a Primary Currency Revolving Loan        a Primary Currency Revolving Loan    conversion continuation      a Secondary Currency Revolving Loan    a Secondary Currency Revolving Loan  Borrowing                                 continuation    2.   Date of Borrowing (which shall be a Business Day and, in the case of a Primary Currency  Swingline Borrowing, also a London Banking Day):      3.   Amount and Currency of Borrowing:      4.   Type of Loan requested (select one):   Base Rate Loan (required for USD                                              Swingline Loans)                                               Fixed LIBOR Rate Loan                                               Floating LIBOR Rate Loans       

 

                                                            EXECUTION COPY                                               Overnight Rate Loans (required for                                              Primary Currency Swingline Loans and                                              not available for other Loans)   5.   Interest Period for Fixed LIBOR Rate Loans (select one):            One Month       Two Months     Three Months    Six Months    The undersigned hereby represents and warrants that (a) this Request for Credit Extension  complies with the requirements of Section 2.0l(a), with respect to USD Swingline Loans and  USD Revolving Loans, Section 2.01(b), with respect to Primary Currency Swingline Loans and  Primary Currency Revolving Loans, Section 2.0l(c), with respect to Secondary Currency  Revolving Loans, and with the requirements of Section 2.02 of the Credit Agreement and (b) the  representations and warranties contained in Section 5.02(a) and (b) of the Credit Agreement have  been satisfied on and as of the date of the requested Credit Extension.   BORROWER:                          [APPLICABLE BORROWER]                                       By:                                         Name:                                      Title:           

 

                                                            EXECUTION COPY                                    Exhibit 2.13-1                                FORM OF USD NOTE                                                            _______________, 20___         FOR VALUE RECEIVED, each of the undersigned (the “USD Borrowers”), hereby  promises to pay to ___________, its successors or registered assigns (the “USD Lender”), the  USD Lender’s USD Revolving Committed Amount, or if less, the aggregate unpaid principal  amount of all USD Revolving Loans owing by such USD Borrower to the USD Lender under  that certain Credit Agreement, dated as of October __, 2018 (as amended, restated, increased,  supplemented or otherwise modified from time to time, the “Credit Agreement”) among Euronet  Worldwide, Inc., a Delaware corporation, and certain Subsidiaries, as Borrowers and as  Guarantors, the lenders from time to time party thereto (the “Lenders”) and Bank of America,  N.A., as administrative agent (in such capacity, the “Administrative Agent”).  Capitalized terms  used but not otherwise defined herein have the meanings provided in the Credit Agreement.         Each USD Borrower promises to pay interest on the unpaid principal amount of each  USD Loan owing by such USD Borrower from the date of such USD Loan until such principal  amount is paid in full, at such interest rates and at such times as provided in the Credit  Agreement.  All payments of principal and interest shall be made to the Administrative Agent for  the account of the USD Lender, at the Administrative Agent’s Office, in Dollars in immediately  available funds.  If any amount is not paid in full when due hereunder, such unpaid amount shall  bear interest, to be paid upon demand, from the due date thereof until the date of actual payment  (before as well as after judgment) computed at the applicable per annum rate set forth in the  Credit Agreement.         This USD Note is one of the Notes referred to in the Credit Agreement and is entitled to  the benefits thereof and may be prepaid in whole or in part subject to the terms and conditions  provided in the Credit Agreement.  USD Revolving Loans made by the USD Lender may be  evidenced by one or more loan accounts or records maintained by the USD Lender in the  ordinary course of business.  The USD Lender may also attach schedules to this USD Note and  endorse thereon the date, amount and maturity of its USD Revolving Loans and payments with  respect thereto.         Upon the occurrence and continuation of an Event of Default, all amounts then remaining  unpaid on this USD Note shall become, or may be declared to be, immediately due and payable  as provided in the Credit Agreement, without diligence, presentment, protest and demand or  notice of protest, demand, dishonor and non-payment of this USD Note, all of which are hereby  waived by the USD Borrowers, for themselves and their successors and assigns.         The obligations of each USD Borrower under this USD Note are several, and not joint  and several.  Under no circumstances shall any USD Borrower that is a Foreign Borrower be  liable for any obligation of a USD Borrower that is a Domestic Borrower under this USD Note.         THIS USD NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN  ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.       

 

                                               EXECUTION COPY   [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]                                                   

 

                                                            EXECUTION COPY   DOMESTIC BORROWERS:                EURONET WORLDWIDE, INC.                                       By:                                         Name:                                      Title:                                      CONTINENTAL EXCHANGE SOLUTIONS,                                      INC.                                      By:                                         Name:                                      Title:  FOREIGN BORROWERS:                 EFT SERVICES HOLDINGS BV                                       By:                                         Name:                                      Title:           

 

                                                            EXECUTION COPY                                    Exhibit 2.13-2                        FORM OF PRIMARY CURRENCY NOTE                                                     _______________ _____ , 20____         FOR VALUE RECEIVED, each of the undersigned (the “Primary Currency Borrowers”),  hereby promises to pay to ____________, its successors or registered assigns (the “Primary  Currency Lender”), the Primary Currency Lender’s Primary Currency Revolving Committed  Amount, or if less, the aggregate unpaid principal amount of all Primary Currency Revolving  Loans owing by such Primary Currency Borrower to the Primary Currency Lender under that  certain Credit Agreement, dated as of October __, 2018 (as amended, restated, increased,  supplemented or otherwise modified from time to time, the “Credit Agreement”) among Euronet  Worldwide, Inc., a Delaware corporation, and certain Subsidiaries, as Borrowers and as  Guarantors, the lenders from time to time party thereto (the “Lenders”) and Bank of America,  N.A., as administrative agent (in such capacity, the “Administrative Agent”).  Capitalized terms  used but not otherwise defined herein have the meanings provided in the Credit Agreement.         Each Primary Currency Borrower promises to pay interest on the unpaid principal  amount of each Primary Currency Revolving Loan owing by such Primary Currency Borrower  from the date of such Primary Currency Revolving Loan until such principal amount is paid in  full, at such interest rates and at such times as provided in the Credit Agreement.  All payments  of principal and interest shall be made to the Administrative Agent for the account of the Primary  Currency Lender, at the Administrative Agent’s Office, in the applicable currency in Same Day  Funds.  If any amount is not paid in full when due hereunder, such unpaid amount shall bear  interest, to be paid upon demand, from the due date thereof until the date of actual payment  (before as well as after judgment) computed at the applicable per annum rate set forth in the  Credit Agreement.         This Primary Currency Note is one of the Notes referred to in the Credit Agreement and  is entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms and  conditions provided therein.  Primary Currency Revolving Loans made by the Primary Currency  Lender may be evidenced by one or more loan accounts or records maintained by the Primary  Currency Lender in the ordinary course of business.  The Primary Currency Lender may also  attach schedules to this Primary Currency Note and endorse thereon the date, amount and  maturity of its Primary Currency Revolving Loans and payments with respect thereto.         Upon the occurrence and continuation of an Event of Default, all amounts then remaining  unpaid on this Primary Currency Note shall become, or may be declared to be, immediately due  and payable as provided in the Credit Agreement, without diligence, presentment, protest and  demand or notice of protest, demand, dishonor and non-payment of this Primary Currency Note,  all of which are hereby waived by the Primary Currency Borrowers, for themselves and their  successors and assigns.         The obligations of each Primary Currency Borrower are several, and not joint and  several.  Under no circumstances shall any Primary Currency Borrower that is a Foreign       

 

                                                            EXECUTION COPY   Borrower be liable for any obligation of a Primary Currency Borrower that is a Domestic  Borrower under this Primary Currency Note.         THIS PRIMARY CURRENCY NOTE SHALL BE GOVERNED BY, AND  CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.                [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]            

 

                                                            EXECUTION COPY   DOMESTIC BORROWERS:                EURONET WORLDWIDE, INC.                                       By:                                         Name:                                      Title:                                      CONTINENTAL EXCHANGE SOLUTIONS,                                      INC.                                      By:                                         Name:                                      Title:  FOREIGN BORROWERS:                 EFT SERVICES HOLDINGS BV                                       By:                                         Name:                                      Title:           

 

                                                            EXECUTION COPY                                    Exhibit 2.13-3                      FORM OF SECONDARY CURRENCY NOTE                                                     ______________ ______, 20____         FOR VALUE RECEIVED, each of the undersigned (the “Secondary Currency  Borrowers”), hereby promise to pay to ______________, its successors or registered assigns (the  “Secondary Currency Lender”), the Secondary Currency Lender’s Secondary Currency  Revolving Committed Amount, or if less, the aggregate unpaid principal amount of all  Secondary Currency Revolving Loans owing by such Secondary Currency Borrower to the  Secondary Currency Lender under that certain Credit Agreement, dated as of October __, 2018  (as amended, restated, increased, supplemented or otherwise modified from time to time, the  “Credit Agreement”) among Euronet Worldwide, Inc., a Delaware corporation, and certain  Subsidiaries, as Borrowers and as Guarantors, the lenders from time to time party thereto (the  “Lenders”) and Bank of America, N.A., as administrative agent (in such capacity, the  “Administrative Agent”).  Capitalized terms used but not otherwise defined herein have the  meanings provided in the Credit Agreement.         Each Secondary Currency Borrower promises to pay interest on the unpaid principal  amount of each Secondary Currency Revolving Loan owing by such Secondary Currency  Borrower from the date of such Secondary Currency Revolving Loan until such principal amount  is paid in full, at such interest rates and at such times as provided in the Credit Agreement.  All  payments of principal and interest shall be made to the Administrative Agent for the account of  the Secondary Currency Lender, at the Administrative Agent’s Office, in the applicable currency  in Same Day Funds.  If any amount is not paid in full when due hereunder, such unpaid amount  shall bear interest, to be paid upon demand, from the due date thereof until the date of actual  payment (before as well as after judgment) computed at the applicable per annum rate set forth in  the Credit Agreement.         This Secondary Currency Note is one of the Notes referred to in the Credit Agreement  and is entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms  and conditions provided therein.  Secondary Currency Revolving Loans made by the Secondary  Currency Lender may be evidenced by one or more loan accounts or records maintained by the  Secondary Currency Lender in the ordinary course of business.  The Secondary Currency Lender  may also attach schedules to this Secondary Currency Note and endorse thereon the date, amount  and maturity of its Secondary Currency Revolving Loans and payments with respect thereto.         Upon the occurrence and continuation of an Event of Default, all amounts then remaining  unpaid on this Secondary Currency Note shall become, or may be declared to be, immediately  due and payable as provided in the Credit Agreement, without diligence, presentment, protest  and demand or notice of protest, demand, dishonor and non-payment of this Secondary Currency  Note, all of which are hereby waived by the Secondary Currency Borrowers, for themselves and  their successors and assigns.         The obligations of each Secondary Currency Borrower under this Secondary Currency  Note are several, and not joint and several.  Under no circumstances shall any Borrower that is a       

 

                                                            EXECUTION COPY   Foreign Borrower be liable for any obligation of a Secondary Currency Borrower that is a  Domestic Borrower under this Secondary Currency Note.         THIS SECONDARY CURRENCY NOTE SHALL BE GOVERNED BY, AND  CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.                [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]            

 

                                                            EXECUTION COPY   DOMESTIC BORROWERS:                EURONET WORLDWIDE, INC.                                       By:                                         Name:                                      Title:                                      CONTINENTAL EXCHANGE SOLUTIONS,                                      INC.                                      By:                                         Name:                                      Title:  FOREIGN BORROWERS:                 EFT SERVICES HOLDINGS BV                                       By:                                         Name:                                      Title:           

 

                                                            EXECUTION COPY                                    Exhibit 2.14-1         FORM OF DESIGNATED BORROWER REQUEST AND ASSUMPTION                                  AGREEMENT         THIS DESIGNATED BORROWER REQUEST AND ASSUMPTION AGREEMENT  (this “Agreement”) dated as of _____________ is by and between __________________, a  _______________ (the “Applicant Borrower”), and Bank of America, N.A., in its capacity as  Administrative Agent under that certain Credit Agreement, dated as of October __, 2018 (as  amended, restated, increased, supplemented or otherwise modified from time to time, the “Credit  Agreement”) among Euronet Worldwide, Inc., a Delaware corporation (the “Company”), and  certain Subsidiaries, as Borrowers and as Guarantors, the lenders from time to time party thereto  (the “Lenders”) and Bank of America, N.A., as administrative agent (in such capacity, the  “Administrative Agent”).  Capitalized terms used but not otherwise defined herein have the  meanings provided in the Credit Agreement.         The Applicant Borrower has indicated its desire to become a Designated Borrower  pursuant to Section 2.14 of the Credit Agreement.  Accordingly, the Applicant Borrower hereby  agrees with the Administrative Agent, for the benefit of the Lenders, as follows:               1.   Each of the Applicant Borrower and the Company hereby confirms,        represents and warrants to the Administrative Agent and the Lenders that the Applicant        Borrower is a Subsidiary of __________.               2.   The Applicant Borrower hereby acknowledges, agrees and confirms that,        by its execution of this Agreement, the Applicant Borrower will be deemed to be a party        to the Credit Agreement as a “Designated Borrower” and a Designated Borrower for all        purposes of the Credit Agreement and the other Credit Documents, and shall have all of        the obligations of a Borrower thereunder as if it has executed the Credit Agreement and        the other Credit Documents.  The Applicant Borrower hereby ratifies, as of the date        hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in        the Credit Documents, including (i) all of the representations and warranties of the Credit        Parties set forth in Article VI of the Credit Agreement, and (ii) all of the affirmative and        negative covenants set forth in Articles VII and VIII of the Credit Agreement.               3.   The Applicant Borrower acknowledges and confirms that it has received a        copy of the Credit Agreement and the schedules and exhibits thereto.               4.   The Company confirms on behalf of the Borrowers that all of the        Revolving Loan Obligations under the Credit Agreement are, and upon the Applicant        Borrower becoming a Designated Borrower shall continue to be, in full force and effect.         The Company further confirms on behalf of the Borrowers that immediately upon the        Applicant Borrower becoming a Designated Borrower, the term “Revolving Loan        Obligations,” as used in the Credit Agreement, shall include all Revolving Loan        Obligations of such Designated Borrower under the Credit Agreement and under each        other Credit Document.       

 

                                                      EXECUTION COPY         5.   The Applicant Borrower hereby agrees that upon becoming a Designated  Borrower it will assume all of the Revolving Loan Obligations of a Borrower as set forth  in the Credit Agreement.         6.   The Company, on behalf of the Borrowers, and the Applicant Borrower  agree that at any time and from time to time, upon the written request of the  Administrative Agent, it will execute and deliver, or cause to be executed and delivered,  such further documents and do such further acts and things as the Administrative Agent  may reasonably request in order to effect the purposes of this Agreement.         7.   This Agreement may be executed in two or more counterparts, each of  which shall constitute an original but all of which when taken together shall constitute  one contract.         8.   This Agreement shall constitute a Credit Document under the Credit  Agreement.         9.   THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED  AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF  NEW YORK.          [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]                                                   

 

                                                            EXECUTION COPY         IN WITNESS WHEREOF, the Applicant Borrower has caused this Agreement to be duly  executed by its authorized officers.  Following receipt of the consent of the Required [USD]  [Primary Currency] [Secondary Currency] Lenders, the Administrative Agent, for the benefit of  the Lenders, has caused the same to be accepted by its authorized officer, as of the day and year  first above written.   APPLICANT BORROWER:                [APPLICANT BORROWER],                                      a ____________________________                                       By:                                         Name:                                      Title:  COMPANY:                           EURONET WORLDWIDE, INC.                                       By:                                         Name:                                      Title:  Acknowledged and Accepted:   BANK OF AMERICA, N.A., as  Administrative Agent   By:     Name:  Title:            

 

                                                            EXECUTION COPY                                    Exhibit 2.14-2                     FORM OF DESIGNATED BORROWER NOTICE                                                                Date:  ___________   To:  The Borrowers (as defined below) and the [USD] [Primary Currency] [Secondary  Currency] Lenders   Ladies and Gentlemen:         This Designated Borrower Notice is made and delivered pursuant to Section 2.14 of that  certain Credit Agreement, dated as of October __, 2018 (as amended, restated, increased,  supplemented or otherwise modified from time to time, the “Credit Agreement”) among Euronet  Worldwide, Inc., a Delaware corporation, and certain Subsidiaries, as Borrowers and as  Guarantors, the lenders from time to time party thereto (the “Lenders”) and Bank of America,  N.A., as administrative agent (in such capacity, the “Administrative Agent”).  Capitalized terms  used but not otherwise defined herein have the meanings provided in the Credit Agreement.         The Administrative Agent hereby notifies Borrowers and the [USD] [Primary Currency]  [Secondary Currency] Lenders that effective as of the date hereof shall be a Designated  Borrower and may receive [USD] [Primary Currency] [Secondary Currency] Revolving Loans  for its account on the terms and conditions set forth in the Credit Agreement.         This Designated Borrower Notice shall constitute a Credit Document under the Credit  Agreement.                                       BANK OF AMERICA, N.A.,                                      as Administrative Agent                                      By:                                         Name:                                      Title:           

 

                                                            EXECUTION COPY                                   Exhibit 7.02(b)                        FORM OF COMPLIANCE CERTIFICATE                                       [date]   Financial Statement Date:  ____________   To:  Bank of America, N.A., as Administrative Agent   Re:  Credit Agreement, dated as of October ____, 2018 (as amended, restated, increased,        supplemented or otherwise modified from time to time, the “Credit Agreement”) among        Euronet Worldwide, Inc., a Delaware corporation, and certain Subsidiaries, as Borrowers        and as Guarantors, the lenders from time to time party thereto (the “Lenders”) and Bank        of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”).         Capitalized terms used but not otherwise defined herein have the meanings provided in        the Credit Agreement.   Ladies and Gentlemen:   The undersigned Responsible Officer hereby certifies as of the date hereof that he/she is the  __________ of Euronet Worldwide, Inc., a Delaware corporation ( “EWI”), and that, as such,  he/she is authorized to execute and deliver this Compliance Certificate to the Administrative  Agent on the behalf of EWI, and that:   [Use following paragraph 1 for fiscal year-end financial statements:]         [1.  [Attached hereto as Schedule 1 are the] [The] year-end audited financial  statements required by Section 7.0l(a) of the Credit Agreement for the fiscal year of EWI ended  as of the above date, together with the report and opinion of an independent certified public  accountant of nationally recognized standing required by such section [have been electronically  delivered to the Administrative Agent pursuant to the conditions set forth in Section 7.02 of the  Credit Agreement].]   [Use following paragraph 1 for fiscal quarter-end financial statements:]         [l.   [Attached hereto as Schedule 1 are the] [The] unaudited financial statements  required by Section 7.01(b) of the Credit Agreement for the fiscal quarter of EWI ended as of the  above date [have been electronically delivered to the Administrative Agent pursuant to the  conditions set forth in Section 7.02 of the Credit Agreement].  Such financial statements fairly  present in all material respects the financial condition, results of income or operations,  shareholders’ equity and cash flows of the Consolidated Group in accordance with GAAP as at  such date and for such period, subject only to normal year-end audit adjustments and the absence  of footnotes.]         2.    The undersigned has reviewed and is familiar with the terms of the Credit  Agreement and has made, or has caused to be made under his/her supervision, a detailed review       

 

                                                            EXECUTION COPY   of the transactions and condition (financial or otherwise) of the Consolidated Group during the  accounting period covered by the attached financial statements.         3    A review of the activities of the Credit Parties during such fiscal period has been  made under the supervision of the undersigned with a view to determining whether during such  fiscal period each of the Credit Parties performed and observed all of the covenants applicable to  it under the Credit Documents, and   [select one:]   [to the best knowledge of the undersigned, no Default or Event of Default exists as of the date  hereof.]   --or--   [the following is a list of each Default or Event of Default that exists as of the date hereof and its  nature and the extent thereof and proposed actions with respect thereto:  [DESCRIBE].]         4.    The representations and warranties of the Credit Parties contained in Article VI of  the Credit Agreement, or that are contained in any document furnished at any time under or in  connection with the Credit Documents, are true and correct in all material respects (other than  any representation or warranty qualified by materiality or Material Adverse Effect, which shall  be true and correct in all respects as so qualified) on and as of the date hereof, except to the  extent that such representations and warranties specifically refer to an earlier date, in which case  they are true and correct in all material respects (other than any representation or warranty  qualified by materiality or Material Adverse Effect, which shall be true and correct in all respects  as so qualified) as of such earlier date, and except that for purposes of this Compliance  Certificate, the representations and warranties contained in subsections (a) and (b) of Section  6.05 of the Credit Agreement shall be deemed to refer to the most recent statements furnished  pursuant to clauses (a) and (b), respectively, of Section 7.01 of the Credit Agreement, including  the statements in connection with which this Compliance Certificate is delivered.         5.    The financial covenant and other covenant compliance analyses and information  set forth on Schedule [1][2] attached hereto are true and accurate on and as of the date of this  Compliance Certificate.  The Borrowers are [not] in compliance with each of the financial  covenants contained in Section 8.12 of the Credit Agreement.         [6.  Set forth below is a summary of all material changes in GAAP or in the consistent  application thereof and material changes in accounting policies or financial reporting practices  during the most recent fiscal quarter ending prior to the date hereof and a reconciliation between  calculation of the financial covenants before and after giving effect to such changes:]                         

 

                        EXECUTION COPY   EURONET WORLDWIDE, INC.,  a Delaware corporation  By:     Name:  Title:                                                  

 

                                               EXECUTION COPY                        [Schedule 1                 to Compliance Certificate   FINANCIAL STATEMENTS AND RELATED DELIVERIES                         (attached)                                                   

 

                                   EXECUTION COPY          Schedule [1][2]     to Compliance Certificate   COVENANT CALCULATIONS                                                   

 

                                                            EXECUTION COPY                          FORM OF JOINDER AGREEMENT         THIS JOINDER AGREEMENT (this “Agreement”), dated as of __________, 20__, is by  and among Euronet Worldwide, Inc., a Delaware corporation (the “Company”), __________, a  __________ (the “New Subsidiary”), and Bank of America, N.A., in its capacity as  Administrative Agent under that certain Credit Agreement, dated as of October __, 2018 (as  amended, restated, increased, supplemented or otherwise modified from time to time, the “Credit  Agreement”) among the Company and certain Subsidiaries, as Borrowers and as Guarantors, the  lenders from time to time party thereto (the “Lenders”) and Bank of America, N.A., as  administrative agent (in such capacity, the “Administrative Agent”).  Capitalized terms used but  not otherwise defined herein have the meanings provided in the Credit Agreement.         Pursuant to the terms and conditions of Section 7.13 of the Credit Agreement, the New  Subsidiary is required to become a Guarantor.         Accordingly, the New Subsidiary and the Company hereby agree with the Administrative  Agent, for the benefit of the Lenders, as follows:         1.    The New Subsidiary hereby acknowledges, agrees and confirms that, by its  execution of this Agreement, the New Subsidiary will be deemed to be a party to the Credit  Agreement and a Guarantor for all purposes of the Credit Agreement, and shall have all of the  obligations of a Guarantor thereunder as if it had executed the Credit Agreement.  The New  Subsidiary hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms,  provisions and conditions applicable to the Guarantor contained in the Credit Agreement.   Without limiting the generality of the foregoing terms of this paragraph 1, the New Subsidiary  hereby (i) [jointly and severally] [severally, and not jointly and severally] together with the other  Guarantor(s), guarantees to each holder of the Revolving Loan Obligations, as provided in the  applicable Guaranty, the prompt payment and performance of the Revolving Loan Obligations in  full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or  otherwise) strictly in accordance with the terms thereof.         2.    The address of the New Subsidiary for purposes of all notices and other  communications is as follows:               [Address]         3.    The New Subsidiary hereby waives acceptance by the Administrative Agent and  the Lenders of the guaranty by the New Subsidiary under Article IV of the Credit Agreement or  any other Guaranty upon the execution of this Agreement by the New Subsidiary.         4.    This Agreement may be executed in counterparts (and by the different parties  hereto in different counterparts), each of which shall constitute an original, but all of which when  taken together shall constitute a single contract.         5.    This Agreement shall be governed by, and construed and interpreted in  accordance with, the laws of the State of New York.                [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]      

 

                                                            EXECUTION COPY         IN WITNESS WHEREOF, the New Subsidiary has caused this Joinder Agreement to be  duly executed by its authorized officer, as of the day and year first above written.   NEW SUBSIDIARY:                    [NEW SUBSIDIARY]                                      a _______________________                                       By:                                         Name:                                      Title:  COMPANY:                           EURONET WORLDWIDE, INC.                                       By:                                         Name:                                      Title:  Acknowledged and accepted:   BANK OF AMERICA, N.A.,  as Administrative Agent   By:     Name:  Title:            

 

                                                            EXECUTION COPY                                    Exhibit 11.06                     FORM OF ASSIGNMENT AND ASSUMPTION         This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the  Effective Date set forth below and is entered into by and between [the][each] Assignor identified  in item 1 below ([the][each, an] “Assignor”) and [the][each] Assignee identified in item 2 below  ([the][each, an] “Assignee”). [It is understood and agreed that the rights and obligations of [the  Assignors][the Assignees] hereunder are several and not joint.] Capitalized terms used but not  defined herein shall have the meanings given to them in the Credit Agreement identified below  (the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee.   The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to  and incorporated herein by reference and made a part of this Assignment and Assumption as if  set forth herein in full.         For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to  [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases  and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the  Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by  the Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective  Assignors’] rights and obligations in [its capacity as a Lender][their respective capacities as  Lenders] under the Credit Agreement and any other documents or instruments delivered pursuant  thereto to the extent related to the amount and percentage interest identified below of all of such  outstanding rights and obligations of [the Assignor][the respective Assignors] under the  respective facilities identified below (including, without limitation, the Letters of Credit; [the  USD Swingline Loans] [and the Primary Currency Swingline Loans] included in such facilities)  and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of  action and any other right of [the Assignor (in its capacity as a Lender)][the respective Assignors  (in their respective capacities as Lenders)] against any Person, whether known or unknown,  arising under or in connection with the Credit Agreement, any other documents or instruments  delivered pursuant thereto or the loan transactions governed thereby or in any way based on or  related to any of the foregoing, including, but not limited to, contract claims, tort claims,  malpractice claims, statutory claims and all other claims at law or in equity related to the rights  and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold  and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above  being referred to herein collectively as [the][an] “Assigned Interest”).  Each such sale and  assignment is without recourse to [the][any] Assignor and, except as expressly provided in this  Assignment and Assumption, without representation or warranty by [the][any] Assignor.   1.   Assignor[s]:                                           2.   Assignee[s]:                                               

 

                                                            EXECUTION COPY         [for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]]   3.   Borrower(s):      4.   Administrative Agent:  Bank of America, N.A., as the administrative agent under the        Credit Agreement   5.   Credit Agreement:  Credit Agreement, dated as of October __, 2018, among Euronet        Worldwide, Inc. and certain Subsidiaries, as Borrowers and as Guarantors, the Lenders        from time to time party thereto, and Bank of America, N.A., as Administrative Agent.   6.   Assigned Interest[s]:                                   Aggregate                    Percentage                                 Amount of                     Assigned  CUSI                     Facility Commitment/Lo     Amount of        of       P  Assignor[ Assignee[ Assigne     ans for all Commitment/Lo   Commitme   Numb     s]        s]       d1       Lenders2      ans Assigned  nt/ Loans3   er                       ______     $ ______       $ ______      ______%                                                                                                                                                                     ______     $ ______       $ ______      ______%                                                                                                                                                                     ______     $ ______       $ ______      ______%                                                                                                                                                  [7.  Trade Date:                   4   Effective Date:  _______________, 20____ [TO BE INSERTED BY ADMINISTRATIVE  AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF  TRANSFER IN THE REGISTER THEREFOR.]   The terms set forth in this Assignment and Assumption are hereby agreed to:                                       ASSIGNOR                                      [NAME OF ASSIGNOR]                                      By:                                         Title:                                                     1    Fill in USD Revolving Commitments, Primary Currency Revolving Commitments or Secondary Currency  Revolving Commitments, as applicable.   2    Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to  take into account any payments or prepayments made between the Trade Date and the Effective Date.   3    Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder.   4    To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be  determined as of the Trade Date.      

 

                                                            EXECUTION COPY                                       ASSIGNEE                                      [NAME OF ASSIGNEE]                                      By:                                         Title:  [Consented to and]5 Accepted:   BANK OF AMERICA, N.A., as  Administrative Agent   By:     Name:  Title:   [BANK OF AMERICA, N.A., as  L/C Issuer and [USD] [Primary Currency] Swingline Lender   By:     Name:  Title:]   [EURONET WORLDWIDE, INC.   By:     Name:  Title:]                                                           5    To be added only if the consent of the Administrative Agent is required by the terms of the Credit  Agreement.      

 

                ANNEX 1 TO ASSIGNMENT AND ASSUMPTION                      STANDARD TERMS AND CONDITIONS FOR                          ASSIGNMENT AND ASSUMPTION         1.    Representations and Warranties.         1.1  Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is the legal  and beneficial owner of [the][[the relevant] Assigned Interest, (ii) [the][such] Assigned Interest  is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and  authority, and has taken all action necessary, to execute and deliver this Assignment and  Assumption and to consummate the transactions contemplated hereby; and (b) assumes no  responsibility with respect to (i) any statements, warranties or representations made in or in  connection with the Credit Agreement or any other Credit Document, (ii) the execution, legality,  validity, enforceability, genuineness, sufficiency or value of the Credit Documents or any  collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or  Affiliates or any other Person obligated in respect of any Credit Document or (iv) the  performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other  Person of any of their respective obligations under any Credit Document.         1.2.  Assignee. [The][Each] Assignee (a) represents and warrants that (i) it has full  power and authority, and has taken all action necessary, to execute and deliver this Assignment  and Assumption and to consummate the transactions contemplated hereby and to become a  Lender under the Credit Agreement, (ii) it meets all the requirements to be an assignee under  Section 11.06(b)(iii), (v) and (vi) of the Credit Agreement (subject to such consents, if any, as  may be required under Section 11.06(b)(iii) of the Credit Agreement), (iii) from and after the  Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender  thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of  a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type  represented by [the][such] Assigned Interest and either it, or the Person exercising discretion in  making its decision to acquire [the][such] Assigned Interest, is experienced in acquiring assets of  such type, (v) it has received a copy of the Credit Agreement, and has received or has been  accorded the opportunity to receive copies of the most recent financial statements delivered  pursuant to Section 7.01 thereof, as applicable, and such other documents and information as it  deems appropriate to make its own credit analysis and decision to enter into this Assignment and  Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and without  reliance upon the Administrative Agent or any other Lender and based on such documents and  information as it has deemed appropriate, made its own credit analysis and decision to enter into  this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a  Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to  the terms of the Credit Agreement, duly completed and executed by [the][such] Assignee; and  (b) agrees that (i) it will, independently and without reliance upon the Administrative Agent,  [the][any] Assignor or any other Lender, and based on such documents and information as it  shall deem appropriate at the time, continue to make its own credit decisions in taking or not  taking action under the Credit Documents, and (ii) it will perform in accordance with their terms    NYDOCS02/1161559.5  

 

                                                            EXECUTION COPY   all of the obligations which by the terms of the Credit Documents are required to be performed  by it as a Lender.         2.    Payments.  From and after the Effective Date, the Administrative Agent shall  make all payments in respect of [the][each] Assigned Interest (including payments of principal,  interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued  to but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have  accrued from and after the Effective Date.         3.    General Provisions.  This Assignment and Assumption shall be binding upon, and  inure to the benefit of, the parties hereto and their respective successors and assigns.  This  Assignment and Assumption may be executed in any number of counterparts, which together  shall constitute one instrument.  Delivery of an executed counterpart of a signature page of this  Assignment and Assumption by telecopy shall be effective as delivery of a manually executed  counterpart of this Assignment and Assumption.  This Assignment and Assumption shall be  governed by, and construed in accordance with, the law of the State of New York.         NYDOCS02/1161559.5                    2

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