Document:

Exhibit 10.1 - Credit Agreement Dated June 7, 2006

    EXHIBIT
      10.1

    

    

    

    

    
 

    

    CREDIT
      AGREEMENT

     

    

     

    dated
      as of June 7, 2006

     

    among

     

    HURON
      CONSULTING GROUP INC.,

     

    as
      the Company

     

    THE
      VARIOUS FINANCIAL INSTITUTIONS PARTY HERETO,

     

    as
      Lenders,

     

    and

     

    LASALLE
      BANK NATIONAL ASSOCIATION,

     

    as
      Administrative Agent

     

    

    LASALLE
      BANK NATIONAL ASSOCIATION,

     

    as
      Arranger

     

    and

     

    JPMORGAN
      CHASE BANK, NATIONAL ASSOCIATION

     

    as
      Syndication Agent

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
        

          
            	
                    SECTION
                      1.

                  	
                    DEFINITIONS.

                  	
                    1

                  
	
                    1.1

                  	
                    Definitions

                  	
                    1

                  
	
                    1.2

                  	
                    Other
                      Interpretive Provisions

                  	
                    16

                  
	 	 	 
	
                    SECTION
                      2.

                  	
                    COMMITMENTS
                      OF THE LENDERS; BORROWING, CONVERSION AND LETTER OF CREDIT
                      PROCEDURES.

                  	
                    17

                  
	
                    2.1

                  	
                    Commitments

                  	
                    17

                  
	
                    2.2

                  	
                    Loan
                      Procedures

                  	
                    17

                  
	
                    2.3

                  	
                    Letter
                      of Credit Procedures

                  	
                    21

                  
	
                    2.4

                  	
                    Commitments
                      Several

                  	
                    24

                  
	
                    2.5

                  	
                    Certain
                      Conditions

                  	
                    24

                  
	 	 	 
	
                    SECTION
                      3.

                  	
                    EVIDENCING
                      OF LOANS.

                  	
                    24

                  
	
                    3.1

                  	
                    Notes

                  	
                    24

                  
	
                    3.2

                  	
                    Recordkeeping

                  	
                    24

                  
	 	 	 
	
                    SECTION
                      4.

                  	
                    INTEREST.

                  	
                    24

                  
	
                    4.1

                  	
                    Interest
                      Rates

                  	
                    24

                  
	
                    4.2

                  	
                    Interest
                      Payment Dates

                  	
                    25

                  
	
                    4.3

                  	
                    Setting
                      and Notice of LIBOR Rates

                  	
                    25

                  
	
                    4.4

                  	
                    Computation
                      of Interest

                  	
                    25

                  
	 	 	 
	
                    SECTION
                      5.

                  	
                    FEES.

                  	
                    25

                  
	
                    5.1

                  	
                    Non-Use
                      Fee

                  	
                    25

                  
	
                    5.2

                  	
                    Letter
                      of Credit Fees

                  	
                    26

                  
	
                    5.3

                  	
                    Administrative
                      Agent’s Fees

                  	
                    26

                  
	 	 	 
	
                    SECTION
                      6.

                  	
                    REDUCTION
                      OR TERMINATION OF THE REVOLVING COMMITMENT; PREPAYMENTS.

                  	
                    26

                  
	
                    6.1

                  	
                    Reduction
                      or Termination of the Revolving Commitment

                  	
                    26

                  
	
                    6.2

                  	
                    Prepayments

                  	
                    27

                  
	
                    6.3

                  	
                    Manner
                      of Prepayments

                  	
                    27

                  
	
                    6.4

                  	
                    Repayments

                  	
                    27

                  
	 	 	 
	
                    SECTION
                      7.

                  	
                    MAKING
                      AND PRORATION OF PAYMENTS; SETOFF; TAXES.

                  	
                    27

                  
	
                    7.1

                  	
                    Making
                      of Payments

                  	
                    28

                  
	
                    7.2

                  	
                    Application
                      of Certain Payments

                  	
                    28

                  
	
                    7.3

                  	
                    Due
                      Date Extension

                  	
                    28

                  
	
                    7.4

                  	
                    Setoff

                  	
                    29

                  
	
                    7.5

                  	
                    Proration
                      of Payments

                  	
                    29

                  
	
                    7.6

                  	
                    Taxes

                  	
                    29

                  
	 	 	 
	
                    SECTION
                      8.

                  	
                    INCREASED
                      COSTS; SPECIAL PROVISIONS FOR LIBOR LOANS.

                  	
                    31

                  
	
                    8.1

                  	
                    Increased
                      Costs

                  	
                    31

                  
	
                    8.2

                  	
                    Basis
                      for Determining Interest Rate Inadequate or Unfair

                  	
                    32

                  
	
                    8.3

                  	
                    Changes
                      in Law Rendering LIBOR Loans Unlawful

                  	
                    33

                  
	
                    8.4

                  	
                    Funding
                      Losses

                  	
                    33

                  
	
                    8.5

                  	
                    Right
                      of Lenders to Fund through Other Offices

                  	
                    33

                  
	
                    8.6

                  	
                    Discretion
                      of Lenders as to Manner of Funding

                  	
                    34

                  
	
                    8.7

                  	
                    Mitigation
                      of Circumstances; Replacement of Lenders

                  	
                    34

                  
	
                    8.8

                  	
                    Conclusiveness
                      of Statements; Survival of Provisions

                  	
                    35

                  
	 	 	 
	
                    SECTION
                      9.

                  	
                    REPRESENTATIONS
                      AND WARRANTIES.

                  	
                    35

                  
	
                    9.1

                  	
                    Organization

                  	
                    35

                  
	
                    9.2

                  	
                    Authorization;
                      No Conflict

                  	
                    35

                  
	
                    9.3

                  	
                    Validity
                      and Binding Nature

                  	
                    35

                  
	
                    9.4

                  	
                    Financial
                      Condition

                  	
                    36

                  
	
                    9.5

                  	
                    No
                      Material Adverse Change

                  	
                    36

                  
	
                    9.6

                  	
                    Litigation
                      and Contingent Liabilities

                  	
                    36

                  
	
                    9.7

                  	
                    Ownership
                      of Properties; Liens

                  	
                    36

                  
	
                    9.8

                  	
                    Equity
                      Ownership; Subsidiaries

                  	
                    36

                  
	
                    9.9

                  	
                    Pension
                      Plans

                  	
                    37

                  
	
                    9.10

                  	
                    Investment
                      Company Act

                  	
                    37

                  
	
                    9.11

                  	
                    [Intentionally
                      Omitted]

                  	
                    38

                  
	
                    9.12

                  	
                    Regulation
                      U

                  	
                    38

                  
	
                    9.13

                  	
                    Taxes

                  	
                    38

                  
	
                    9.14

                  	
                    Solvency,
                      etc

                  	
                    38

                  
	
                    9.15

                  	
                    Environmental
                      Matters

                  	
                    38

                  
	
                    9.16

                  	
                    Insurance

                  	
                    39

                  
	
                    9.17

                  	
                    Real
                      Property

                  	
                    39

                  
	
                    9.18

                  	
                    Information

                  	
                    39

                  
	
                    9.19

                  	
                    Intellectual
                      Property

                  	
                    40

                  
	
                    9.20

                  	
                    Burdensome
                      Obligations

                  	
                    40

                  
	
                    9.21

                  	
                    Labor
                      Matters

                  	
                    40

                  
	
                    9.22

                  	
                    No
                      Default

                  	
                    40

                  
	 	 	 
	
                    SECTION
                      10.

                  	
                    AFFIRMATIVE
                      COVENANTS.

                  	
                    40

                  
	
                    10.1

                  	
                    Reports,
                      Certificates and Other Information

                  	
                    40

                  
	
                    10.2

                  	
                    Books,
                      Records and Inspections

                  	
                    43

                  
	
                    10.3

                  	
                    Maintenance
                      of Property; Insurance

                  	
                    43

                  
	
                    10.4

                  	
                    Compliance
                      with Laws; Payment of Taxes and Liabilities

                  	
                    44

                  
	
                    10.5

                  	
                    Maintenance
                      of Existence, etc

                  	
                    44

                  
	
                    10.6

                  	
                    Use
                      of Proceeds

                  	
                    44

                  
	
                    10.7

                  	
                    Employee
                      Benefit Plans

                  	
                    45

                  
	
                    10.8

                  	
                    Environmental
                      Matters

                  	
                    45

                  
	
                    10.9

                  	
                    Further
                      Assurances

                  	
                    45

                  
	 	 	 
	
                    SECTION
                      11.

                  	
                    NEGATIVE
                      COVENANTS

                  	
                    46

                  
	
                    11.1

                  	
                    Debt

                  	
                    46

                  
	
                    11.2

                  	
                    Liens

                  	
                    47

                  
	
                    11.3

                  	
                    Restricted
                      Payments

                  	
                    48

                  
	
                    11.4

                  	
                    Mergers,
                      Consolidations, Sales

                  	
                    48

                  
	
                    11.5

                  	
                    Modification
                      of Organizational Documents

                  	
                    49

                  
	
                    11.6

                  	
                    Transactions
                      with Affiliates

                  	
                    49

                  
	
                    11.7

                  	
                    Unconditional
                      Purchase Obligations

                  	
                    50

                  
	
                    11.8

                  	
                    Inconsistent
                      Agreements

                  	
                    50

                  
	
                    11.9

                  	
                    Business
                      Activities; Issuance of Equity

                  	
                    50

                  
	
                    11.10

                  	
                    Investments

                  	
                    50

                  
	
                    11.11

                  	
                    Fiscal
                      Year

                  	
                    52

                  
	
                    11.12

                  	
                    Financial
                      Covenants

                  	
                    52

                  
	 	 	 
	
                    SECTION
                      12.

                  	
                    EFFECTIVENESS;
                      CONDITIONS OF LENDING, ETC.

                  	
                    52

                  
	
                    12.1

                  	
                    Initial
                      Credit Extension

                  	
                    53

                  
	
                    12.2

                  	
                    Conditions

                  	
                    54

                  
	 	 	 
	
                    SECTION
                      13.

                  	
                    EVENTS
                      OF DEFAULT AND THEIR EFFECT.

                  	
                    55

                  
	
                    13.1

                  	
                    Events
                      of Default

                  	
                    55

                  
	
                    13.2

                  	
                    Effect
                      of Event of Default

                  	
                    56

                  
	 	 	 
	
                    SECTION
                      14.

                  	
                    THE
                      AGENT.

                  	
                    57

                  
	
                    14.1

                  	
                    Appointment
                      and Authorization

                  	
                    57

                  
	
                    14.2

                  	
                    Issuing
                      Lender

                  	
                    57

                  
	
                    14.3

                  	
                    Delegation
                      of Duties

                  	
                    57

                  
	
                    14.4

                  	
                    Exculpation
                      of Administrative Agent

                  	
                    57

                  
	
                    14.5

                  	
                    Reliance
                      by Administrative Agent

                  	
                    58

                  
	
                    14.6

                  	
                    Notice
                      of Default

                  	
                    58

                  
	
                    14.7

                  	
                    Credit
                      Decision

                  	
                    59

                  
	
                    14.8

                  	
                    Indemnification

                  	
                    59

                  
	
                    14.9

                  	
                    Administrative
                      Agent in Individual Capacity

                  	
                    60

                  
	
                    14.10

                  	
                    Successor
                      Administrative Agent

                  	
                    60

                  
	
                    14.11

                  	
                    Administrative
                      Agent May File Proofs of Claim

                  	
                    61

                  
	
                    14.12

                  	
                    Other
                      Agents; Arrangers and Managers

                  	
                    61

                  
	 	 	 
	
                    SECTION
                      15.

                  	
                    GENERAL.

                  	
                    62

                  
	
                    15.1

                  	
                    Waiver;
                      Amendments

                  	
                    62

                  
	
                    15.2

                  	
                    Confirmations

                  	
                    62

                  
	
                    15.3

                  	
                    Notices

                  	
                    63

                  
	
                    15.4

                  	
                    Computations

                  	
                    63

                  
	
                    15.5

                  	
                    Costs,
                      Expenses and Taxes

                  	
                    63

                  
	
                    15.6

                  	
                    Assignments;
                      Participations

                  	
                    64

                  
	
                    15.7

                  	
                    Register

                  	
                    65

                  
	
                    15.8

                  	
                    GOVERNING
                      LAW

                  	
                    66

                  
	
                    15.9

                  	
                    Confidentiality

                  	
                    66

                  
	
                    15.10

                  	
                    Severability

                  	
                    67

                  
	
                    15.11

                  	
                    Nature
                      of Remedies

                  	
                    67

                  
	
                    15.12

                  	
                    Entire
                      Agreement

                  	
                    67

                  
	
                    15.13

                  	
                    Counterparts

                  	
                    67

                  
	
                    15.14

                  	
                    Successors
                      and Assigns

                  	
                    67

                  
	
                    15.15

                  	
                    Captions

                  	
                    68

                  
	
                    15.16

                  	
                    Customer
                      Identification - USA Patriot Act Notice

                  	
                    68

                  
	
                    15.17

                  	
                    INDEMNIFICATION
                      BY THE COMPANY

                  	
                    68

                  
	
                    15.18

                  	
                    Nonliability
                      of Lenders

                  	
                    69

                  
	
                    15.19

                  	
                    FORUM
                      SELECTION AND CONSENT TO JURISDICTION

                  	
                    70

                  
	
                    15.20

                  	
                    WAIVER
                      OF JURY TRIAL

                  	
                    70

                  

          

        

      

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ANNEXES

     

    ANNEX
      A   Lenders
      and Pro Rata Shares

    ANNEX
      B   Addresses
      for Notices

    

    SCHEDULES

     

    SCHEDULE
      9.6  Litigation
      and Contingent Liabilities

    SCHEDULE
      9.8   Subsidiaries

    SCHEDULE
      9.16  Insurance

    SCHEDULE
      9.17  Real
      Property

    SCHEDULE
      9.21  Labor
      Matters

    SCHEDULE
      11.1  Existing
      Debt

    SCHEDULE
      11.2  Existing
      Liens

    SCHEDULE
      11.11  Investments

    SCHEDULE
      12.1  Debt
      to
      be Repaid

    

    EXHIBITS

     

    EXHIBIT
      A   Revolving
      Note (Section 3.1)

    EXHIBIT
      B   Form
      of
      Compliance Certificate (Section 10.1.3)

    EXHIBIT
      C   Form
      of
      Assignment Agreement (Section 15.6.1)

    EXHIBIT
      D   Form
      of
      Notice of Borrowing (Section 2.2.2)

    EXHIBIT
      E   Form
      of
      Notice of Conversion/Continuation (Section 2.2.3)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    CREDIT
      AGREEMENT

     

    THIS
      CREDIT AGREEMENT dated as of June
      7, 2006
      (this
“Agreement”)
      is
      entered into among HURON
      CONSULTING GROUP INC. (the
      “Company”),
      the
      financial institutions that are or may from time to time become parties hereto
      (together with their respective successors and assigns, the “Lenders”)
      and
      LASALLE BANK NATIONAL ASSOCIATION (in its individual capacity, “LaSalle”),
      as
      administrative agent for the Lenders. 

     

    The
      Lenders have agreed to make available to the Company an unsecured revolving
      credit facility (which includes letters of credit) upon the terms and conditions
      set forth herein.

     

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

     

    
      	SECTION
              1.  	
              DEFINITIONS. 

            

    

     

    1.1  Definitions

     

    .
      When
      used herein the following terms shall have the following meanings:

     

    Account
      Debtor
      is
      defined in the Guaranty Agreement.

     

    Acquired
      Debt
      means
      mortgage Debt or Debt with respect to Capital Leases of a Person existing at
      the
      time such Person became a Subsidiary or assumed by the Company or a Subsidiary
      of the Company pursuant to an Acquisition permitted hereunder (and not created
      or incurred in connection with or in anticipation of such Acquisition) which
      is
      otherwise permitted by the terms of this Agreement.

     

    Acquisition
      means
      any transaction or series of related transactions for the purpose of or
      resulting, directly or indirectly, in (a) the acquisition of all or
      substantially all of the assets of a Person, or of all or substantially all
      of
      any business or division of a Person, (b) the acquisition of in excess of 50%
      of
      the Capital Securities of any Person, or otherwise causing any Person to become
      a Subsidiary, or (c) a merger or consolidation or any other combination with
      another Person (other than a Person that is already a Subsidiary).

     

    Administrative
      Agent
      means
      LaSalle in its capacity as administrative agent for the Lenders hereunder and
      any successor thereto in such capacity.

     

    Affected
      Loan
      - see
Section
      8.3.

     

    Affiliate
      of any
      Person means (a) any other Person which, directly or indirectly, controls or
      is
      controlled by or is under common control with such Person, (b) any officer
      or
      director of such Person and (c) with respect to any Lender, any entity
      administered or managed by such Lender or an Affiliate or investment advisor
      thereof and which is 

     

    
      
        
        

      

      
        -
          1
          -

        
          

        

      

      
        
        

      

    

     

    engaged
      in making, purchasing, holding or otherwise investing in commercial loans.
      A
      Person shall be deemed to be “controlled by” any other Person if such Person
      possesses, directly or indirectly, power to vote 25% or more of the securities
      (on a fully diluted basis) having ordinary voting power for the election of
      directors or managers or power to direct or cause the direction of the
      management and policies of such Person whether by contract or otherwise. Unless
      expressly stated otherwise herein, neither the Administrative Agent nor any
      Lender shall be deemed an Affiliate of any Loan Party.

     

    Agent
      Fee Letter
      means
      the Fee letter dated as of June 7, 2006 between the Company and the
      Administrative Agent.

     

    Agreement
      - see
      the Preamble.

     

    Applicable
      Margin
      means,
      for any day, the rate per annum set forth below opposite the level (the
“Level”)
      then
      in effect, it being understood that the Applicable Margin for (i) LIBOR Loans
      shall be the percentage set forth under the column “LIBOR Margin”,
      (ii) Base Rate Loans shall be the percentage set forth under the column
“Base Rate Margin”, (iii) the Non-Use Fee Rate shall be the percentage set forth
      under the column “Non-Use Fee Rate” and (iv) the L/C Fee shall be the percentage
      set forth under the column “L/C Fee Rate”:

     

    
      	
              Level

            	
              Total
                Debt

              to
                EBITDA Ratio

            	
              LIBOR

              Margin

            	
              Base
                Rate Margin

            	
              Non-Use

              Fee
                Rate

            	
              L/C
                Fee

              Rate

            
	
              I

            	
              Greater
                than 2.5:1

            	
              150.0
                bps

            	
              0
                bps

            	
              27.5
                bps

            	
              150.0
                bps

            
	
              II

            	
              Greater
                than 2.00:1 but less than or equal to 2.50:1

            	
              125.0
                bps

            	
              0
                bps

            	
              25.0
                bps

            	
              125.0
                bps

            
	
              III

            	
              Greater
                than 1.50:1 but less than or equal to 2.00:1

            	
              100.0
                bps

            	
              0
                bps

            	
              25.0
                bps

            	
              100.0
                bps

            
	
              IV

            	
              Greater
                than 1.00:1 but less than or equal to 1.50:1

            	
              75.0
                bps

            	
              -50.0
                bps

            	
              20.0
                bps

            	
              75.0
                bps

            
	
              V

            	
              Greater
                than .50:1 but less than or equal to 1.00:1

            	
              62.5
                bps

            	
              -50.0
                bps

            	
              15.0
                bps

            	
              62.5
                bps

            
	
              VI

            	
              Less
                than or equal to .50:1

            	
              50.0
                bps

            	
              -50.0
                bps

            	
              12.5
                bps

            	
              50.0
                bps

            

    

    

    The
      LIBOR
      Margin, the Base Rate Margin, the Non-Use Fee Rate and the L/C Fee Rate shall
      be
      adjusted, to the extent applicable, on the fifth (5th) Business Day after the
      Company provides or is required to provide the annual and quarterly financial
      statements and other information pursuant to Section
      10.1.1
      or
10.1.2,
      as
      applicable, and the related Compliance Certificate, pursuant to Section
      10.1.3.
      Notwithstanding anything contained in this paragraph to the contrary, (a) if
      the
      Company fails to deliver the financial statements and Compliance Certificate
      in
      accordance with the provisions of

     

    
      
        
        

      

      
        -
          2
          -

        
          

        

      

      
        
        

      

    

    Sections
      10.1.1, 10.1.2 and 10.1.3, the LIBOR Margin, the Base Rate
      Margin, the Non-Use Fee Rate and the L/C Fee Rate shall be based upon Level
      I
      above beginning on the date such financial statements and Compliance Certificate
      were required to be delivered until the fifth (5th) Business Day after such
      financial statements and Compliance Certificate are actually delivered,
      whereupon the Applicable Margin shall be determined by the then current Level;
      (b) no reduction to any Applicable Margin shall become effective at any time
      when an Event of Default or Unmatured Event of Default has occurred and is
      continuing; and (c) the initial Applicable Margin on the Closing Date shall
      be
      based upon Level VI until the date on which the financial statements and
      Compliance Certificate are required to be delivered for the Fiscal Quarter
      ending June 30, 2006.

     

    Asset
      Disposition
      means
      the sale, lease, assignment or other transfer for value (each, a “Disposition”)
      by any
      Loan Party to any Person (other than a Loan Party) of any asset or right of
      such
      Loan Party (including, the loss, destruction or damage of any thereof or any
      actual or threatened (in writing to any Loan Party) condemnation, confiscation,
      requisition, seizure or taking thereof) other than (a) the Disposition of any
      asset which is to be replaced, and is in fact replaced, within 30 days with
      another asset performing the same or a similar function, (b) the sale or lease
      of inventory in the ordinary course of business and (c) other Dispositions
      in
      any Fiscal Year the Net Proceeds of which do not in the aggregate exceed, singly
      or in the aggregate, $500,000.00.

     

    Assignee
      - see
Section
      15.6.1.

     

    Assignment
      Agreement
      - see
Section
      15.6.1.

     

    Attorney
      Costs
      means,
      with respect to any Person, all reasonable fees and charges of any counsel
      to
      such Person, the reasonable allocable cost of internal legal services of such
      Person, all reasonable disbursements of such internal counsel and all court
      costs and similar legal expenses.

     

    Bank
      Products
      means
      any service or facility extended to any Loan Party by any Lender or its
      Affiliates in connection with the Loan Documents or the transactions
      contemplated thereby including: (a) credit cards, (b) credit card processing
      services, (c) debit cards, (d) purchase cards, (e) ACH transactions, (f) cash
      management, including controlled disbursement, accounts or services, or (g)
      Hedging Agreements.

     

    Base
      Rate
      means at
      any time the greater of (a) the Federal Funds Rate plus 0.5% and (b) the
      Prime Rate.

     

    Base
      Rate Loan
      means
      any Loan which bears interest at or by reference to the Base Rate.

     

    Base
      Rate Margin
      - see
      the definition of Applicable Margin.

     

    BSA
      - see
Section
      10.4.

     

    
      
        
        

      

      
        -
          3
          -

        
          

        

      

      
        
        

      

    

    Business
      Day
      means
      any day on which LaSalle is open for commercial banking business in Chicago,
      Illinois and, in the case of a Business Day which relates to a LIBOR Loan,
      on
      which dealings are carried on in the London interbank eurodollar
      market.

     

    Capital
      Lease
      means,
      with respect to any Person, any lease of (or other agreement conveying the
      right
      to use) any real or personal property by such Person that, in conformity with
      GAAP, is accounted for as a capital lease on the balance sheet of such
      Person.

     

    Capital
      Securities
      means,
      with respect to any Person, all shares, interests, participations or other
      equivalents (however designated, whether voting or non-voting) of such Person’s
      capital, whether now outstanding or issued or acquired after the Closing Date,
      including common shares, preferred shares, membership interests in a limited
      liability company, limited or general partnership interests in a partnership,
      interests in a trust, interests in other unincorporated organizations or any
      other equivalent of such ownership interest.

     

    Cash
      Collateralize
      means to
      deliver cash collateral to the Administrative Agent, to be held as cash
      collateral for outstanding Letters of Credit, pursuant to documentation
      satisfactory to the Administrative Agent. Derivatives of such term have
      corresponding meanings.

     

    Cash
      Equivalent Investment
      means,
      at any time, (a) any evidence of Debt, maturing not more than one year after
      such time, issued or guaranteed by the United States Government or any agency
      thereof, (b) commercial paper, maturing not more than one year from the date
      of
      issue, or corporate demand notes, in each case (unless issued by a Lender or
      its
      holding company) rated at least A-l by Standard & Poor’s Ratings Services, a
      division of The McGraw-Hill Companies, Inc. or P-l by Moody’s Investors Service,
      Inc., (c) any certificate of deposit, time deposit or banker’s acceptance,
      maturing not more than one year after such time, or any overnight Federal Funds
      transaction that is issued or sold by any Lender or its holding company (or
      by a
      commercial banking institution that is a member of the Federal Reserve System
      and has a combined capital and surplus and undivided profits of not less than
      $500,000,000), (d) any repurchase agreement entered into with any Lender (or
      commercial banking institution of the nature referred to in clause
      (c))
      which
      (i) is secured by a fully perfected security interest in any obligation of
      the
      type described in any of clauses
      (a)
      through
(c)
      above
      and (ii) has a market value at the time such repurchase agreement is entered
      into of not less than 100% of the repurchase obligation of such Lender (or
      other
      commercial banking institution) thereunder and (e) money market accounts or
      mutual funds which invest exclusively in assets satisfying the foregoing
      requirements, and (f) other short term liquid investments approved in writing
      by
      the Administrative Agent.

     

    Change
      of Control
      means
      the occurrence of any of the following events: (a) Any Person or group of
      Persons (within the meaning of Section 13 or 14 of the Securities Exchange
      Act
      of 1934 (the "Act"), but excluding any Specified Person (as
      defined

    
      
        
        

      

      
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          4
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    below))
      shall acquire beneficial ownership (within the meaning of Rule 13d-3 promulgated
      under such Act) of more than 25% of the outstanding securities (on a fully
      diluted basis and taking into account any securities or contract rights
      exercisable, exchangeable or convertible into equity securities) of the Company
      having voting rights in the election of directors under normal circumstances;
      (b) a majority of the members of the Board of Directors of the Company shall
      cease to be Continuing Members; or (c) the Company shall cease to, directly
      or
      indirectly, own and control 66% of each class of the outstanding Capital
      Securities of any Wholly-Owned Subsidiary. For purposes of the foregoing,
      "Continuing
      Member"
      means a
      member of the Board of Directors of the Company who either (i) was a member
      of
      the Company's Board of Directors on the day before the Closing Date and has
      been
      such continuously thereafter or (ii) became a member of such Board of Directors
      after the day before the Closing Date and whose election or nomination for
      election was approved by a vote of the majority of the Continuing Members then
      members of the Company's Board of Directors; and "Specified
      Person"
      means
      HCG Holdings LLC and its current or former members and their Affiliates (as
      defined under the Act).

     

    Closing
      Date
      - see
Section
      12.1

     

    Code
      means
      the Internal Revenue Code of 1986.

     

    Commitment
      means,
      as to any Lender, such Lender’s commitment to make Loans, and to issue or
      participate in Letters of Credit, under this Agreement. The initial amount
      of
      each Lender’s commitment to make Loans is set forth on Annex
      A.

     

    Company
      - see
      the Preamble.

     

    Compliance
      Certificate
      means a
      Compliance Certificate in substantially the form of Exhibit
      B.

     

    Computation
      Period
      means
      each period of four consecutive Fiscal Quarters ending on the last day of a
      Fiscal Quarter.

     

    Consolidated
      Net Income
      means,
      with respect to the Company and its Subsidiaries for any period, the net income
      (or loss) of the Company and its Subsidiaries for such period.

     

    Contingent
      Liability
      means,
      with respect to any Person, each obligation and liability of such Person and
      all
      such obligations and liabilities of such Person incurred pursuant to any
      agreement, undertaking or arrangement by which such Person: (a) guarantees,
      endorses or otherwise becomes or is contingently liable upon (by direct or
      indirect agreement, contingent or otherwise, to provide funds for payment,
      to
      supply funds to, or otherwise to invest in, a debtor, or otherwise to assure
      a
      creditor against loss) the indebtedness, dividend, obligation or other liability
      of any other Person in any manner (other than by endorsement of instruments
      in
      the course of collection), including any indebtedness, dividend or other
      obligation which may be issued or incurred at some future time; (b) guarantees
      the payment of dividends or other distributions upon the Capital Securities
      of
      any other Person; (c) undertakes or agrees (whether contingently

    
 

    
      
        
        

      

      
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          5
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or
      otherwise): (i) to purchase, repurchase, or otherwise acquire any indebtedness,
      obligation or liability of any other Person or any property or assets
      constituting security therefor, (ii) to advance or provide funds for the payment
      or discharge of any indebtedness, obligation or liability of any other Person
      (whether in the form of loans, advances, stock purchases, capital contributions
      or otherwise), or to maintain solvency, assets, level of income, working capital
      or other financial condition of any other Person, or (iii) to make payment
      to
      any other Person other than for value received; (d) agrees to lease property
      or
      to purchase securities, property or services from such other Person with the
      purpose or intent of assuring the owner of such indebtedness or obligation
      of
      the ability of such other Person to make payment of the indebtedness or
      obligation; (e) to induce the issuance of, or in connection with the issuance
      of, any letter of credit for the benefit of such other Person; or (f) undertakes
      or agrees otherwise to assure a creditor against loss. The amount of any
      Contingent Liability shall (subject to any limitation set forth herein) be
      deemed to be the outstanding principal amount (or maximum permitted principal
      amount, if larger) of the indebtedness, obligation or other liability guaranteed
      or supported thereby. The term “Contingent Liability” shall exclude endorsements
      of instruments for deposit or collection in the ordinary course of business
      and
      product and services warranties extended in the ordinary course of
      business.

     

    Controlled
      Group
      means
      all members of a controlled group of corporations, all members of a controlled
      group of trades or businesses (whether or not incorporated) under common control
      and all members of an affiliated service group which, together with the Company
      or any of its Subsidiaries, are treated as a single employer under Section
      414
      of the Code or Section 4001 of ERISA.

     

    Debt
      of any
      Person means, without duplication, (a) all indebtedness of such Person, (b)
      all
      borrowed money of such Person, whether or not evidenced by bonds, debentures,
      notes or similar instruments, (c) all obligations of such Person as lessee
      under
      Capital Leases which have been or should be recorded as liabilities on a balance
      sheet of such Person in accordance with GAAP, (d) all obligations of such Person
      to pay the deferred purchase price of property or services (excluding trade
      accounts payable in the ordinary course of business), (e) all indebtedness
      secured by a Lien on the property of such Person, whether or not such
      indebtedness shall have been assumed by such Person; provided
      that if
      such Person has not assumed or otherwise become liable for such indebtedness,
      such indebtedness shall be measured at the fair market value of such property
      securing such indebtedness at the time of determination, (f) all obligations,
      contingent or otherwise, with respect to the face amount of all letters of
      credit (whether or not drawn), bankers’ acceptances and similar obligations
      issued for the account of such Person (including the Letters of Credit), (g)
      all
      Hedging Obligations of such Person, (h) all Contingent Liabilities of such
      Person, (i) all Debt of any partnership of which such Person is a general
      partner and (j) any Capital Securities or other equity instrument, whether
      or
      not mandatorily redeemable, that under GAAP is characterized as debt, whether
      pursuant to financial accounting standards board issuance No. 150 or
      otherwise.

     

    Debt
      to be Repaid
      means
      Debt listed on Schedule
      12.1.

     

    
      
        
        

      

      
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    Defaulting
      Lender
      - see
Section
      2.4.

     

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

     

    EBITDA
      means,
      for any period, Consolidated Net Income for such period plus,
      to the
      extent deducted in determining such Consolidated Net Income, Interest Expense,
      income tax expense, depreciation, amortization, non-cash stock compensation
      expense (including FAS123R impact) for such period.

     

    Environmental
      Claims
      means
      all claims, however asserted, by any governmental, regulatory or judicial
      authority or other Person alleging potential liability or responsibility for
      violation of any Environmental Law, or for release or injury to the
      environment.

     

    Environmental
      Laws
      means
      all present or future federal, state or local laws, statutes, common law duties,
      rules, regulations, ordinances and codes, together with all administrative
      or
      judicial orders, consent agreements, directed duties, requests, licenses,
      authorizations and permits of, and agreements with, any governmental authority,
      in each case relating to any matter arising out of or relating to public health
      and safety, or pollution or protection of the environment or workplace,
      including any of the foregoing relating to the presence, use, production,
      generation, handling, transport, treatment, storage, disposal, distribution,
      discharge, emission, release, threatened release, control or cleanup of any
      Hazardous Substance. 

     

    ERISA
      means
      the Employee Retirement Income Security Act of 1974. 

     

    Event
      of Default
      means
      any of the events described in Section
      13.1.

     

    Excluded
      Taxes
      means
      taxes based upon, or measured by, the Lender’s or Administrative Agent’s (or a
      branch of the Lender’s or Administrative Agent’s) overall net income, overall
      net receipts, or overall net profits (including franchise taxes imposed in
      lieu
      of such taxes), but only to the extent such taxes are imposed by a taxing
      authority (a) in a jurisdiction in which such Lender or Administrative Agent
      is
      organized, (b) in a jurisdiction which the Lender’s or Administrative Agent’s
      principal office is located, or (c) in a jurisdiction in which such Lender’s or
      Administrative Agent’s lending office (or branch) in respect of which payments
      under this Agreement are made is located.

     

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

     

    
      
        
        

      

      
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          7
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    Fiscal
      Quarter
      means a
      fiscal quarter of a Fiscal Year.

     

    Fiscal
      Year
      means
      the fiscal year of the Company and its Subsidiaries, which period shall be
      the
      12-month period ending on December 31 of each year. References to a Fiscal
      Year
      with a number corresponding to any calendar year (e.g., “Fiscal
      Year 2006”)
      refer
      to the Fiscal Year ending on December 31 of such calendar year.

     

    Foreign
      Subsidiary
      shall
      mean any Subsidiary of the Company not organized in the United States of America
      or any state thereof or the District of Columbia.

     

    FRB
      means
      the Board of Governors of the Federal Reserve System or any successor
      thereto.

     

    GAAP
      means
      generally accepted accounting principles set forth from time to time 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 agencies with similar functions
      of
      comparable stature and authority within the U.S. accounting profession) and
      the
      Securities and Exchange Commission, which are applicable to the circumstances
      as
      of the date of determination.

     

    Group
      - see
Section
      2.2.1.

     

    Guaranty
      Agreement
      means
      the Guaranty Agreement dated as of the date hereof executed and delivered by
      the
      Guarantors, together with any joinders thereto and any other Guaranty Agreement
      executed by a Guarantor, in each case in form and substance satisfactory to
      the
      Administrative Agent.

     

    Guarantor
      means
      each Subsidiary of the Company, and its respective successors and assigns;
      provided, however, that no Foreign Subsidiary of the Company shall be required
      to become a Guarantor to the extent that, and so long as, the Company notifies
      the Administrative Agent that the Company has determined in good faith that:
      (i)
      doing so would result in material adverse tax consequences upon any Loan Party;
      and (ii) the failure of such Foreign Subsidiary to become a Guarantor shall
      not,
      and is not reasonably anticipated to, have a material adverse affect on the
      financial condition, business operations or creditworthiness of any Loan Party.
      If it is determined pursuant to the foregoing sentence that a Foreign Subsidiary
      is required to become a Guarantor, it shall become a Guarantor within sixty
      (60)
      days after its formation or acquisition by a Loan Party. If it is determined
      that a Foreign Subsidiary is not required to be a Guarantor and thereafter
      that
      either of the conditions in (i) or (ii) of this paragraph ceases to be
      applicable (due to a change in the tax laws or a financial restructuring of
      the
      Foreign Subsidiary or any other reason), then the Foreign Subsidiary shall
      become a Guarantor within sixty (60) days after such determination is made.
      Notwithstanding the above, Huron Consulting Group Holdings (UK) Limited and
      Huron Consulting Group Limited shall not be required to become Guarantors
      hereunder so long as such Subsidiaries are dissolved on or before December
      31,
      2006. 

     

    
      
        
        

      

      
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          8
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    Hazardous
      Substances
      means
      (a) any petroleum or petroleum products, radioactive materials, asbestos in
      any form that is or could become friable, urea formaldehyde foam insulation,
      dielectric fluid containing levels of polychlorinated biphenyls, radon gas
      and
      mold; (b) any chemicals, materials, pollutant or substances defined as or
      included in the definition of “hazardous substances”, “hazardous waste”,
“hazardous materials”, “extremely hazardous substances”, “restricted hazardous
      waste”, “toxic substances”, “toxic pollutants”, “contaminants”, “pollutants” or
      words of similar import, under any applicable Environmental Law; and
      (c) any other chemical, material or substance, the exposure to, or release
      of which is prohibited, limited or regulated by any governmental authority
      or
      for which any duty or standard of care is imposed pursuant to, any Environmental
      Law.

     

    Hedging
      Agreement
      means
      any interest rate, currency or commodity swap agreement, cap agreement or collar
      agreement, and any other agreement or arrangement designed to protect a Person
      against fluctuations in interest rates, currency exchange rates or commodity
      prices.

     

    Hedging
      Obligation
      means,
      with respect to any Person, any liability of such Person under any Hedging
      Agreement.

     

    Indemnified
      Liabilities
      - see
Section
      15.17.

     

    Interest
      Coverage Ratio
      means,
      for any Computation Period, the ratio of (a) EBITDA for such Computation Period
      to (b) cash Interest Expense for such Computation Period.

     

    Interest
      Expense
      means
      for any period the consolidated interest expense of the Company and its
      Subsidiaries for such period (including all imputed interest on Capital
      Leases).

     

    Interest
      Period
      means,
      as to any LIBOR Loan, the period commencing on the date such Loan is borrowed
      or
      continued as, or converted into, a LIBOR Loan and ending on the date one, two,
      three or six months thereafter as selected by the Company pursuant to
Section
      2.2.2
      or
2.2.3,
      as the
      case may be; provided
      that:

     

    (a) if
      any
      Interest Period would otherwise end on a day that is not a Business Day, such
      Interest Period shall be extended to the following Business Day unless the
      result of such extension would be to carry such Interest Period into another
      calendar month, in which event such Interest Period shall end on the preceding
      Business Day;

     

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

     

    (c) the
      Company may not select any Interest Period for a Revolving Loan which would
      extend beyond the scheduled Termination Date.

     

    
      
        
        

      

      
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          9
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    Investment
      means,
      with respect to any Person, any investment in another Person, whether by
      acquisition of any debt or Capital Security, by making any loan or advance,
      by
      becoming obligated with respect to a Contingent Liability in respect of
      obligations of such other Person (other than travel and similar advances to
      employees in the ordinary course of business) or by making an
      Acquisition.

     

    Issuing
      Lender
      means
      LaSalle, in its capacity as the issuer of Letters of Credit hereunder, or any
      Affiliate of LaSalle that may from time to time issue Letters of Credit, and
      their successors and assigns in such capacity.

     

    LaSalle
      - see
      the Preamble.

     

    L/C
      Application
      means,
      with respect to any request for the issuance of a Letter of Credit, a letter
      of
      credit application in the form being used by the Issuing Lender at the time
      of
      such request for the type of letter of credit requested.

     

    L/C
      Fee Rate
      - see
      the definition of Applicable Margin.

     

    Lender
      - see
      the Preamble.
      References to the “Lenders” shall include the Issuing Lender; for purposes of
      clarification only, to the extent that LaSalle (or any successor Issuing Lender)
      may have any rights or obligations in addition to those of the other Lenders
      due
      to its status as Issuing Lender, its status as such will be specifically
      referenced.

     

    Letter
      of Credit
      - see
Section
      2.1.2.

     

    LIBOR
      Loan
      means
      any Loan which bears interest at a rate determined by reference to the LIBOR
      Rate.

     

    LIBOR
      Margin
      - see
      the definition of Applicable Margin.

     

    LIBOR
      Office
      means
      with respect to any Lender the office or offices of such Lender which shall
      be
      making or maintaining the LIBOR Loans of such Lender hereunder. A LIBOR Office
      of any Lender may be, at the option of such Lender, either a domestic or foreign
      office.

     

    LIBOR
      Rate
      means a
      rate of interest equal to (a) the per annum rate of interest at which United
      States dollar deposits in an amount comparable to the amount of the relevant
      LIBOR Loan and for a period equal to the relevant Interest Period are offered
      in
      the London Interbank Eurodollar market at 11:00 A.M. (London time) two (2)
      Business Days prior to the commencement of such Interest Period (or three (3)
      Business Days prior to the commencement of such Interest Period if banks in
      London, England were not open and dealing in offshore United States dollars
      on
      such second preceding Business Day), as displayed in the Bloomberg
      Financial Markets
      system
      (or other authoritative source selected by the Administrative Agent in its
      sole
      discretion) or, if the Bloomberg
      Financial Markets
      system
      or another authoritative source is not available, as the LIBOR Rate is otherwise
      determined by the Administrative Agent in its sole and absolute discretion,
      divided by (b) a number determined by subtracting from 1.00 the

     

    
      
        
        

      

      
        -
          10
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then
      stated maximum reserve percentage for determining reserves to be maintained
      by
      member banks of the Federal Reserve System for Eurocurrency funding or
      liabilities as defined in Regulation D (or any successor category of liabilities
      under Regulation D), such rate to remain fixed for such Interest Period. The
      Administrative Agent’s determination of the LIBOR Rate shall be conclusive,
      absent manifest error.

     

    Lien
      means,
      with respect to any Person, any interest granted by such Person in any real
      or
      personal property, asset or other right owned or being purchased or acquired
      by
      such Person (including an interest in respect of a Capital Lease) which secures
      payment or performance of any obligation and shall include any mortgage, lien,
      encumbrance, title retention lien, charge or other security interest of any
      kind, whether arising by contract, as a matter of law, by judicial process
      or
      otherwise.

     

    Loan
      Documents
      means
      this Agreement, the Notes, the Letters of Credit, the Master Letter of Credit
      Agreement, the L/C Applications, the Agent Fee Letter, the Guaranty Agreement,
      and all documents, instruments and agreements delivered in connection with
      the
      foregoing.

     

    Loan
      Party
      means
      the Company and each Subsidiary, excluding Huron Consulting Group Holdings
      (UK)
      Limited and Huron Consulting Group Limited so long as such two Subsidiaries
      are
      dissolved on or before December 31, 2006.

     

    Loan
      or Loans
      means,
      as the context may require, Revolving Loans, and/or Swing Line
      Loans.

     

    Margin
      Stock
      means
      any “margin stock” as defined in Regulation U.

     

    Master
      Letter of Credit Agreement
      means,
      at any time, with respect to the issuance of Letters of Credit, a master letter
      of credit agreement or reimbursement agreement in the form, if any, being used
      by the Issuing Lender at such time.

     

    Material
      Adverse Effect
      means
      (a) a material adverse change in, or a material adverse effect upon, the
      financial condition, operations, assets, business or properties of the Loan
      Parties taken as a whole, (b) a material impairment of the ability of any Loan
      Party to perform any of the Obligations under any Loan Document or (c) a
      material adverse effect upon the legality, validity, binding effect or
      enforceability against any Loan Party of any Loan Document.

     

    Multiemployer
      Pension Plan
      means a
      multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which the
      Company or any other member of the Controlled Group may have any
      liability.

     

    Net
      Cash Proceeds
      means:

     

    (a) with
      respect to any Asset Disposition, the aggregate cash proceeds (including cash
      proceeds received pursuant to policies of insurance or by way of deferred
      payment of principal pursuant to a note, installment receivable or otherwise,
      but only as and when received) received by any

    
 

    
      
        
        

      

      
        -
          11
          -

        
          

        

      

      
        
        

      

    

     

    Loan
      Party pursuant to such Asset Disposition net of (i) the direct costs relating
      to
      such sale, transfer or other disposition (including sales commissions and legal,
      accounting and investment banking fees), (ii) taxes paid or reasonably estimated
      by the Company to be payable as a result thereof (after taking into account
      any
      available tax credits or deductions and any tax sharing arrangements) and (iii)
      amounts required to be applied to the repayment of any Debt secured by a Lien
      on
      the asset subject to such Asset Disposition (other than the Loans);

    

    (b) with
      respect to any issuance of Capital Securities, the aggregate cash proceeds
      received by any Loan Party pursuant to such issuance, net of the direct costs
      relating to such issuance (including sales and underwriters’ commissions);
      and

    

    (c) with
      respect to any issuance of Debt, the aggregate cash proceeds received by any
      Loan Party pursuant to such issuance, net of the direct costs of such issuance
      (including up-front, underwriters’ and placement fees).

    

    Net
      Worth
      means,
      as of any date, the sum of the capital stock and additional paid-in capital
      plus
      retained earnings (or minus accumulated deficit) calculated in conformity with
      GAAP.

     

    Non-U.S.
      Participant
      - see
Section
      7.6(d).

     

    Non-Use
      Fee Rate
      - see
      the definition of Applicable Margin.

     

    Note
      means a
      promissory note substantially in the form of Exhibit
      A.

     

    Notice
      of Borrowing
      - see
      Section 2.2.2.

     

    Notice
      of Conversion/Continuation
      - see
      Section 2.2.3.

     

    Obligations
      means
      all obligations (monetary (including post-petition interest, allowed or not)
      or
      otherwise) of any Loan Party under this Agreement and any other Loan Document
      including Attorney Costs and any reimbursement obligations of each Loan Party
      in
      respect of Letters of Credit and surety bonds, all Hedging Obligations permitted
      hereunder which are owed to any Lender or its Affiliate or Administrative Agent,
      and all Bank Products Obligations, all in each case howsoever created, arising
      or evidenced, whether direct or indirect, absolute or contingent, now or
      hereafter existing, or due or to become due.

     

    OFAC
      - see
      Section 10.4.

     

    Operating
      Lease
      means
      any lease of (or other agreement conveying the right to use) any real or
      personal property by any Loan Party, as lessee, other than any Capital
      Lease.

     

    
      
        
        

      

      
        -
          12
          -

        
          

        

      

      
        
        

      

    

    PBGC
      means
      the Pension Benefit Guaranty Corporation and any entity succeeding to any or
      all
      of its functions under ERISA.

     

    Participant
      - see
Section
      15.6.2.

     

    Pension
      Plan
      means a
“pension plan”, as such term is defined in Section 3(2) of ERISA, which is
      subject to Title IV of ERISA or the minimum funding standards of ERISA (other
      than a Multiemployer Pension Plan), and as to which the Company or any member
      of
      the Controlled Group may have any liability, including any liability by reason
      of having been a substantial employer within the meaning of Section 4063 of
      ERISA at any time during the preceding five years, or by reason of being deemed
      to be a contributing sponsor under Section 4069 of ERISA.

     

    Permitted
      Lien
      means a
      Lien expressly permitted hereunder pursuant to Section
      11.2.

     

    Person
      means
      any natural person, corporation, partnership, trust, limited liability company,
      association, governmental authority or unit, or any other entity, whether acting
      in an individual, fiduciary or other capacity.

     

    Prime
      Rate
      means,
      for any day, the rate of interest in effect for such day as publicly announced
      from time to time by the Administrative Agent as its prime rate (whether or
      not
      such rate is actually charged by the Administrative Agent), which is not
      intended to be the Administrative Agent’s lowest or most favorable rate of
      interest at any one time. Any change in the Prime Rate announced by the
      Administrative Agent shall take effect at the opening of business on the day
      specified in the public announcement of such change; provided
      that the
      Administrative Agent shall not be obligated to give notice of any change in
      the
      Prime Rate.

     

    Pro
      Rata Share
      means
      with respect to a Lender’s obligation to make Revolving Loans, participate in
      Letters of Credit, reimburse the Issuing Lender, and receive payments of
      principal, interest, fees, costs, and expenses with respect thereto,
      (x) prior to the Revolving Commitment being terminated or reduced to zero,
      the percentage obtained by dividing (i) such Lender’s Commitment, by (ii) the
      aggregate Commitment of all Lenders and (y) from and after the time the
      Revolving Commitment has been terminated or reduced to zero, the percentage
      obtained by dividing (i) the aggregate unpaid principal amount of such Lender’s
      Revolving Outstandings (after settlement and repayment of all Swing Line Loans
      by the Lenders) by (ii) the aggregate unpaid principal amount of all Revolving
      Outstandings;

     

    Refunded
      Swing Line Loan
      -
see
      Section 2.2.4(c).

     

    Regulation
      D
      means
      Regulation D of the FRB.

     

    Regulation
      U
      means
      Regulation U of the FRB.

     

    Replacement
      Lender
      - see
Section
      8.7(b).

     

    
      
        
        

      

      
        -
          13
          -

        
          

        

      

      
        
        

      

    

    Reportable
      Event
      means a
      reportable event as defined in Section 4043 of ERISA and the regulations issued
      thereunder as to which the PBGC has not waived the notification requirement
      of
      Section 4043(a), or the failure of a Pension Plan to meet the minimum funding
      standards of Section 412 of the Code (without regard to whether the Pension
      Plan
      is a plan described in Section 4021(a)(2) of ERISA) or under Section 302 of
      ERISA.

     

    Required
      Lenders
      means,
      at any time, Lenders whose Pro Rata Shares exceed 662⁄3% as determined pursuant to
      the definition of “Pro Rata Share”; provided, however, that the Pro Rata Shares
      of any Defaulting Lender shall not be included in the calculation of “Required
      Lenders” for so long as such Lender remains a Defaulting Lender. In the event
      that at any time there are only two Lenders, then Required Lenders means both
      Lenders.

     

    Revolving
      Commitment
      means
      $75,000,000.00, as reduced from time to time pursuant to Section
      6.1.
      The
      Company may elect, by giving written notice to the Administrative Agent, during
      the term of this Agreement to increase the Revolving Commitment by up to
      $25,000,000.00; provided that at the time of such election, and after giving
      effect to such election, there is and would be no Unmatured Event of Default
      or
      Event of Default. Upon such election, the Administrative Agent will act on
      a
      best efforts basis to arrange for Lenders to provide such increase, with any
      arrangement fees to be agreed upon between LaSalle and the Company. No Lender
      will be obligated to provide any of such increase unless it approves of such
      increase in writing.

     

    Revolving
      Loan -
      see
Section
      2.1.1.

     

    Revolving
      Loan Availability
      means
      the Revolving Commitment. 

     

    Revolving
      Outstandings
      means,
      at any time, the sum of (a) the aggregate principal amount of all outstanding
      Revolving Loans, plus (b) the Stated Amount of all Letters of
      Credit.

     

    SEC
      means
      the Securities and Exchange Commission or any other governmental authority
      succeeding to any of the principal functions thereof.

     

    Senior
      Officer
      means,
      with respect to any Loan Party, any of the chief executive officer, the chief
      financial officer, the chief operating officer or the treasurer of such Loan
      Party.

     

    Stated
      Amount
      means,
      with respect to any Letter of Credit at any date of determination, (a) the
      maximum aggregate amount available for drawing thereunder under any and all
      circumstances plus (b) the aggregate amount of all unreimbursed payments and
      disbursements under such Letter of Credit.

     

    Subsidiary
      means,
      with respect to any Person, a corporation, partnership, limited liability
      company or other entity of which such Person owns, directly or indirectly,
      such
      number of outstanding Capital Securities as have more than 50% of the ordinary
      voting power for the election of directors or other managers of such
      corporation, partnership,

     

     

    
      
        
        

      

      
        -
          14
          -

        
          

        

      

      
        
        

      

    

    
limited
      liability company or other entity. Unless the context
      otherwise requires, each reference to Subsidiaries herein shall be a reference
      to Subsidiaries of the Company.

     

    Swing
      Line Availability
      means
      the lesser of (a) the Swing Line Commitment Amount and (b) Revolving Loan
      Availability (less Revolving Outstandings at such time).

     

    Swing
      Line Commitment Amount
      means
      $10,000,000.00, as reduced from time to time pursuant to Section
      6.1,
      which
      commitment constitutes a subfacility of the Commitment of the Swing Line
      Lender.

     

    Swing
      Line Lender
      means
      LaSalle.

     

    Swing
      Line Loan
      - see
Section
      2.2.4.

     

    Taxes
      means
      any and all present and future taxes, duties, levies, imposts, deductions,
      assessments, charges or withholdings, and any and all liabilities (including
      interest and penalties and other additions to taxes) with respect to the
      foregoing, but excluding Excluded Taxes.

     

    Termination
      Date
      means
      the earlier to occur of (a) May 31, 2011 or (b) such other date on which the
      Commitments terminate pursuant to Section 6
      or
13.

     

    Termination
      Event
      means,
      with respect to a Pension Plan that is subject to Title IV of ERISA, (a) a
      Reportable Event, (b) the withdrawal of Company or any other member of the
      Controlled Group from such Pension Plan during a plan year in which Company
      or
      any other member of the Controlled Group was a “substantial employer” as defined
      in Section 4001(a)(2) of ERISA or was deemed such under Section 4068(f) of
      ERISA, (c) the termination of such Pension Plan, the filing of a notice of
      intent to terminate the Pension Plan or the treatment of an amendment of such
      Pension Plan as a termination under Section 4041 of ERISA, (d) the institution
      by the PBGC of proceedings to terminate such Pension Plan or (e) any event
      or
      condition that might constitute grounds under Section 4042 of ERISA for the
      termination of, or appointment of a trustee to administer, such Pension
      Plan.

     

    Total
      Debt
      means
      all Debt of the Company and its Subsidiaries, determined on a consolidated
      basis, excluding (a) contingent obligations in respect of Contingent Liabilities
      (except to the extent constituting Contingent Liabilities in respect of Debt
      of
      a Person other than any Loan Party), (b) Hedging Obligations and (c) Debt of
      the
      Company to Subsidiaries and Debt of Subsidiaries to the Company or to other
      Subsidiaries.

     

    Total
      Debt to EBITDA Ratio
      means,
      as of the last day of any Fiscal Quarter, the ratio of (a) Total Debt as of
      such
      day to (b) EBITDA for the Computation Period ending on such day.

     

    Total
      Plan Liability
      means,
      at any time, the present value of all vested and unvested accrued benefits
      under
      all Pension Plans, determined as of the then most recent valuation date for
      each
      Pension Plan, using PBGC actuarial assumptions for single employer plan
      terminations.

     

    Type
      - see
Section
      2.2.1.

     

    Unfunded
      Liability
      means
      the amount (if any) by which the present value of all vested and unvested
      accrued benefits under all Pension Plans exceeds the fair market value of all
      assets allocable to those benefits, all determined as of the then
      most

     

     

    
      
        
        

      

      
        -
          15
          -

        
          

        

      

      
        
        

      

    

    
recent
      valuation date for each Pension Plan,
      using PBGC actuarial assumptions for single employer plan terminations.
       

      Type
        - see
Section
        2.2.1.

       

      Unfunded
        Liability means the amount (if any) by which the present value of all vested
        and unvested accrued benefits under all Pension Plans exceeds the fair market
        value of all assets allocable to those benefits, all determined as of the
        then
        most recent valuation date for each Pension Plan, using PBGC actuarial
        assumptions for single employer plan terminations.

    

     

    Unmatured
      Event of Default
      means
      any event that, if it continues uncured, will, with lapse of time or notice
      or
      both, constitute an Event of Default.

     

    Withholding
      Certificate
      - see
Section
      7.6(d).

     

    Wholly-Owned
      Subsidiary
      means,
      as to any Person, a Subsidiary all of the Capital Securities of which (except
      directors’ qualifying Capital Securities) are at the time directly or indirectly
      owned by such Person and/or another Wholly-Owned Subsidiary of such
      Person.

     

    1.2  Other
      Interpretive Provisions

     

    .
      The
      meanings of defined terms are equally applicable to the singular and plural
      forms of the defined terms.

     

    (a)  Section,
      Annex,
      Schedule and Exhibit references are to this Agreement unless otherwise
      specified.

     

    (b)  The
      term
“including” is not limiting and means “including without
      limitation.”

     

    (c)  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.”

     

    (d)  Unless
      otherwise expressly provided herein, (i) references to agreements
      (including this Agreement and the other Loan Documents) and other contractual
      instruments shall be deemed to include all subsequent amendments, restatements,
      supplements and other modifications thereto, but only to the extent such
      amendments, restatements, supplements and other modifications are not prohibited
      by the terms of any Loan Document, and (ii) references to any statute or
      regulation shall be construed as including all statutory and regulatory
      provisions amending, replacing, supplementing or interpreting such statute
      or
      regulation.

     

    (e)  This
      Agreement and the other Loan Documents may use several different limitations,
      tests or measurements to regulate the same or similar

     

    
      
        
        

      

      
        -
          16
          -

        
          

        

      

      
        
        

      

    

    
matters.
      All such limitations, tests and measurements are cumulative and each shall
      be
      performed in accordance with its terms.

     

    (f)  This
      Agreement and the other Loan Documents are the result of negotiations among
      and
      have been reviewed by counsel to the Administrative Agent, the Company, the
      Lenders and the other parties thereto and are the products of all parties.
      Accordingly, they shall not be construed against the Administrative Agent or
      the
      Lenders merely because of the Administrative Agent’s or Lenders’ involvement in
      their preparation.

     

    
      	SECTION
              2.  	
              COMMITMENTS
                OF THE LENDERS; BORROWING, CONVERSION AND LETTER OF CREDIT
                PROCEDURES.

            

    

     

    2.1  Commitments

     

    .
      On and
      subject to the terms and conditions of this Agreement, each of the Lenders,
      severally and for itself alone, agrees to make loans to, and to issue or
      participate in letters of credit for the account of, the Company as
      follows:

     

    2.1.1  Revolving
      Commitment.
      Each
      Lender agrees to make loans on a revolving basis (“Revolving
      Loans”)
      from
      time to time until the Termination Date in such Lender’s Pro Rata Share of such
      aggregate amounts as the Company may request from all Lenders; provided
      that the
      Revolving Outstandings will not at any time exceed the Revolving Loan
      Availability (less the amount of any Swing Line Loans outstanding at such
      time).

     

    2.1.2  L/C
      Commitment.
      Subject
      to Section
      2.3.1,
      the
      Issuing Lender agrees to issue letters of credit, in each case containing such
      terms and conditions as are permitted by this Agreement and are reasonably
      satisfactory to the Issuing Lender (each, a “Letter
      of Credit”),
      at
      the request of and for the account of the Company from time to time before
      the
      scheduled Termination Date and, as more fully set forth in Section 2.3.2,
      each
      Lender agrees to purchase a participation in each such Letter of Credit;
provided
      that (a)
      the aggregate Stated Amount of all Letters of Credit shall not at any time
      exceed $20,000,000.00, and (b) the Revolving Outstandings shall not at any
      time exceed the Revolving Loan Availability (less the amount of any Swing Line
      Loans outstanding at such time).

     

    2.2  Loan
      Procedures

     

    .
      

     

    2.2.1  Various
      Types of Loans.
      Each
      Revolving Loan shall be divided into tranches which are either Base Rate Loans
      or LIBOR Loans (each a “type”
of
      Loan), as the Company shall specify in the related notice of borrowing or
      conversion pursuant to Section 2.2.2
      or 2.2.3.
      LIBOR
      Loans having the same Interest Period which expire on the same day are sometimes
      called a “Group”
or
      collectively “Groups”.
      Base
      Rate Loans and LIBOR Loans may be outstanding at the same time, provided
      that not
      more than fifteen different Groups of LIBOR Loans shall be outstanding at any
      one time. All

     

     

    
      
        
        

      

      
        -
          17
          -

        
          

        

      

      
        
        

      

    

    
borrowings,
      conversions and repayments of Revolving Loans shall be effected so that each
      Lender will have a ratable share (according to its Pro Rata Share) of all types
      and Groups of Loans.

     

    2.2.2  Borrowing
      Procedures.
      The
      Company shall give written notice (each such written notice, a “Notice
      of Borrowing”)
      substantially in the form of Exhibit
      D
      or
      telephonic notice (followed immediately by a Notice of Borrowing) to the
      Administrative Agent of each proposed borrowing not later than (a) in the
      case of a Base Rate borrowing,11:00 a.m., Chicago time, on the proposed date
      of
      such borrowing, and (b) in the case of a LIBOR borrowing,11:00 a.m. Chicago
      time, at least two Business Days prior to the proposed date of such borrowing.
      Each such notice shall be effective upon receipt by the Administrative Agent,
      shall be irrevocable, and shall specify the date, amount and type of borrowing
      and, in the case of a LIBOR borrowing, the initial Interest Period therefor.
      Promptly upon receipt of such notice, the Administrative Agent shall advise
      each
      Lender thereof. Not later than 1:00 P.M., Chicago time, on the date of a
      proposed borrowing, each Lender shall provide the Administrative Agent at the
      office specified by the Administrative Agent with immediately available funds
      covering such Lender’s Pro Rata Share of such borrowing and, so long as the
      Administrative Agent has not received written notice that the conditions
      precedent set forth in Section 11
      with
      respect to such borrowing have not been satisfied, the Administrative Agent
      shall pay over the funds received by the Administrative Agent to the Company
      on
      the requested borrowing date. Each borrowing shall be on a Business Day. Each
      Base Rate borrowing shall be in an aggregate amount of at least $10,000.00
      and
      an integral multiple of $10,000.00 and each LIBOR borrowing shall be in an
      aggregate amount of at least $250,000.00 and an integral multiple of at least
      $250,000.00.

     

    2.2.3  Conversion
      and Continuation Procedures.
      

     

    (a)  Subject
      to Section
      2.2.1,
      the
      Company may, upon irrevocable written notice to the Administrative Agent in
      accordance with clause
      (b)
      below:

     

    (A) elect,
      as
      of any Business Day, to convert any Loans (or any part thereof in an aggregate
      amount not less than $250,000.00 a higher integral multiple of $250,000.00)
      into
      Loans of the other type; or

     

    (B) elect,
      as
      of the last day of the applicable Interest Period, to continue any LIBOR Loans
      having Interest Periods expiring on such day (or any part thereof in an
      aggregate amount not less than $250,000.00 or a higher integral multiple of
      $250,000.00) for a new Interest Period;

     

    provided
      that
      after giving effect to any prepayment, conversion or continuation, the aggregate
      principal amount of each Group of LIBOR Loans shall be at least $250,000.00
      and
      an integral multiple of $250,000.00.

     

    (b)  The
      Company shall give written notice (each such written notice, a “Notice of
      Conversion/Continuation”) substantially in the form of Exhibit E or

     

     

    
      
        
        

      

      
        -
          18
          -

        
          

        

      

      
        
        

      

      
 telephonic
        notice (followed immediately by a Notice of Conversion/Continuation) to the
        Administrative Agent of each proposed conversion or continuation not later
        than
        (i) in the case of conversion into Base Rate Loans, 11:00 A.M. Chicago time,
        on
        the proposed date of such conversion and (ii) in the case of conversion into
        or
        continuation of LIBOR Loans, 11:00 A.M. Chicago time, at least three Business
        Days prior to the proposed date of such conversion or continuation, specifying
        in each case:

       

    

    (A) the
      proposed date of conversion or continuation;

     

    (B) the
      aggregate amount of Loans to be converted or continued;

     

    (C) the
      type
      of Loans resulting from the proposed conversion or continuation;
      and

     

    (D) in
      the
      case of conversion into, or continuation of, LIBOR Loans, the duration of the
      requested Interest Period therefor.

     

    (c)  If
      upon
      the expiration of any Interest Period applicable to LIBOR Loans, the Company
      has
      failed to select timely a new Interest Period to be applicable to such LIBOR
      Loans, the Company shall be deemed to have elected to convert such LIBOR Loans
      into Base Rate Loans effective on the last day of such Interest
      Period.

     

    (d)  The
      Administrative Agent will promptly notify each Lender of its receipt of a Notice
      of Conversion/Continuation pursuant to this Section
      2.2.3
      or, if
      no timely notice is provided by the Company, of the details of any automatic
      conversion.

     

    (e)  Any
      conversion of a LIBOR Loan on a day other than the last day of an Interest
      Period therefor shall be subject to Section
      8.4.

     

    2.2.4  Swing
      Line Facility.

     

    (a)  The
      Administrative Agent shall notify the Swing Line Lender upon the Administrative
      Agent’s receipt of any Notice of Borrowing. Subject to the terms and conditions
      hereof, the Swing Line Lender may, in its sole discretion, make available from
      time to time until the Termination Date advances (each, a “Swing
      Line Loan”)
      in
      accordance with any such notice, notwithstanding that after making a requested
      Swing Line Loan, the sum of the Swing Line Lender’s Pro Rata Share of the
      Revolving Outstanding and all outstanding Swing Line Loans, may exceed the
      Swing
      Line Lender’s Pro Rata Share of the Revolving Commitment. The provisions of this
Section
      2.2.4
      shall
      not relieve Lenders of their obligations to make Revolving Loans under
Section
      2.1.1;
      provided
      that if
      the Swing Line Lender makes a Swing Line Loan pursuant to any such notice,
      such
      Swing Line Loan shall be in lieu of any Revolving Loan that otherwise may be
      made by the Lenders pursuant to such notice. The aggregate amount of Swing
      Line
      Loans outstanding shall not exceed at any time the Swing Line Availability.
      Until the Termination Date, the Company may from time to time borrow, repay
      and
      reborrow under this Section
      2.2.4.
      Each
      Swing Line Loan shall be made pursuant to a Notice of Borrowing delivered by
      the
      Company to the Administrative Agent in accordance with Section
      2.2.2.
      Any
      such notice must be given no later than

     

     

    
      
        
        

      

      
        -
          19
          -

        
          

        

      

      
        
        

      

      
2:00
        P.M., Chicago time, on the Business Day of the proposed Swing Line Loan.
        Unless
        the Swing Line Lender has received at least one Business Day’s prior written
        notice from the Required Lenders instructing it not to make a Swing Line
        Loan,
        the Swing Line Lender shall, notwithstanding the failure of any condition
        precedent set forth in Section 12.2, be entitled to fund that Swing Line
        Loan, and to have such Lender make Revolving Loans in accordance with Section
        2.2.4(c) or purchase participating interests in accordance with Section
        2.2.4(d). Notwithstanding any other provision of this Agreement or the other
        Loan Documents, each Swing Line Loan shall constitute a Base Rate Loan. The
        Company shall repay the aggregate outstanding principal amount of each Swing
        Line Loan upon demand therefor by the Administrative Agent. 

      
        (b)  The
          entire unpaid balance of each Swing Line Loan and all other noncontingent
          Obligations shall be immediately due and payable in full in immediately
          available funds on the Termination Date if not sooner paid in full.

         

        (c)  The
          Swing
          Line Lender, at any time and from time to time no less frequently than
          once
          weekly, shall on behalf of the Company (and the Company hereby irrevocably
          authorizes the Swing Line Lender to so act on its behalf) request each
          Lender
          with a Commitment (including the Swing Line Lender) to make a Revolving
          Loan to
          the Company (which shall be a Base Rate Loan) in an amount equal to that
          Lender’s Pro Rata Share of the principal amount of all Swing Line Loans (the
“Refunded
          Swing Line Loan”)
          outstanding on the date such notice is given. Unless any of the events
          described
          in Section
          13.1.3
          has
          occurred (in which event the procedures of Section
          2.2.4(d)
          shall
          apply) and regardless of whether the conditions precedent set forth in
          this
          Agreement to the making of a Revolving Loan are then satisfied, each Lender
          shall disburse directly to the Administrative Agent, its Pro Rata Share
          on
          behalf of the Swing Line Lender, prior to 2:00 P.M., Chicago time, in
          immediately available funds on the date that notice is given (provided
          that
          such notice is given by 12:00 noon, Chicago time, on such date). The proceeds
          of
          those Revolving Loans shall be immediately paid to the Swing Line Lender
          and
          applied to repay the Refunded Swing Line Loan. 

         

        (d)  If,
          prior
          to refunding a Swing Line Loan with a Revolving Loan pursuant to Section
          2.2.4(c),
          one of
          the events described in Section
          13.1.3
          has
          occurred, then, subject to the provisions of Section
          2.2.4(e)
          below,
          each Lender shall, on the date such Revolving Loan was to have been made
          for the
          benefit of the Company, purchase from the Swing Line Lender an undivided
          participation interest in the Swing Line Loan in an amount equal to its
          Pro Rata
          Share of such Swing Line Loan. Upon request, each Lender shall promptly
          transfer
          to the Swing Line Lender, in immediately available funds, the amount of
          its
          participation interest.

         

        (e)  Each
          Lender’s obligation to make Revolving Loans in accordance with Section
          2.2.4(c)
          and to
          purchase participation interests in accordance with Section
          2.2.4(d)
          shall be
          absolute and unconditional and shall not be affected by any circumstance,
          including (i) any setoff, counterclaim, recoupment, defense or other right
          that
          such Lender may have against the Swing Line Lender, the Company or any
          other
          Person for any reason whatsoever; (ii) the occurrence or continuance of
          any

      

    

    
       

      
        -
          20
          -

        
          

        

      

       

    

    Unmatured
      Event of Default or Event of Default; (iii) any inability of the Company to
      satisfy the conditions precedent to borrowing set forth in this Agreement at
      any
      time or (iv) any other circumstance, happening or event whatsoever, whether
      or
      not similar to any of the foregoing. If and to the extent any Lender shall
      not
      have made such amount available to the Administrative Agent or the Swing Line
      Lender, as applicable, by 2:00 P.M., Chicago time, the amount required pursuant
      to Section 2.2.4(c) or 2.2.4(d), as the case may be, on the
      Business Day on which such Lender receives notice from the Administrative Agent
      of such payment or disbursement (it being understood that any such notice
      received after noon, Chicago time, on any Business Day shall be deemed to have
      been received on the next following Business Day), such Lender agrees to pay
      interest on such amount to the Administrative Agent for the Swing Line Lender’s
      account forthwith on demand, for each day from the date such amount was to
      have
      been delivered to the Administrative Agent to the date such amount is paid,
      at a
      rate per annum equal to (a) for the first three days after demand, the Federal
      Funds Rate from time to time in effect and (b) thereafter, the Base Rate from
      time to time in effect. 

     

    2.3  Letter
      of Credit Procedures

     

    2.3.1  L/C
      Applications.
      The
      Company shall execute and deliver to the Issuing Lender the Master Letter of
      Credit Agreement from time to time in effect. The Company shall give notice
      to
      the Administrative Agent and the Issuing Lender of the proposed issuance of
      each
      Letter of Credit on a Business Day which is at least three Business Days (or
      such lesser number of days as the Administrative Agent and the Issuing Lender
      shall agree in any particular instance in their sole discretion) prior to the
      proposed date of issuance of such Letter of Credit. Each such notice shall
      be
      accompanied by an L/C Application, duly executed by the Company and in all
      respects satisfactory to the Administrative Agent and the Issuing Lender,
      together with such other documentation as the Administrative Agent or the
      Issuing Lender may request in support thereof, it being understood that each
      L/C
      Application shall specify, among other things, the date on which the proposed
      Letter of Credit is to be issued, the expiration date of such Letter of Credit
      (which shall not be later than the scheduled Termination Date (unless such
      Letter of Credit is Cash Collateralized)) and whether such Letter of Credit
      is
      to be transferable in whole or in part. Any Letter of Credit outstanding after
      the scheduled Termination Date which is Cash Collateralized for the benefit
      of
      the Issuing Lender shall be the sole responsibility of the Issuing Lender.
      So
      long as the Issuing Lender has not received written notice that the conditions
      precedent set forth in Section
      12
      with
      respect to the issuance of such Letter of Credit have not been satisfied, the
      Issuing Lender shall issue such Letter of Credit on the requested issuance
      date.
      The Issuing Lender shall promptly advise the Administrative Agent of the
      issuance of each Letter of Credit and of any amendment thereto, extension
      thereof or event or circumstance changing the amount available for drawing
      thereunder. In the event of any inconsistency between the terms of the Master
      Letter of Credit Agreement, any L/C Application and the terms of this Agreement,
      the terms of this Agreement shall control.

     

    
      
        
        

      

      
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          21
          -

        
          

        

      

      
        
        

      

    

    2.3.2  Participations
      in Letters of Credit.
      Concurrently with the issuance of each Letter of Credit, the Issuing Lender
      shall be deemed to have sold and transferred to each Lender with a Commitment,
      and each such Lender shall be deemed irrevocably and unconditionally to have
      purchased and received from the Issuing Lender, without recourse or warranty,
      an
      undivided interest and participation, to the extent of such Lender’s Pro Rata
      Share, in such Letter of Credit and the Company’s reimbursement obligations with
      respect thereto. If the Company does not pay any reimbursement obligation when
      due, the Company shall be deemed to have immediately requested that the Lenders
      make a Revolving Loan which is a Base Rate Loan in a principal amount equal
      to
      such reimbursement obligations. The Administrative Agent shall promptly notify
      such Lenders of such deemed request and, without the necessity of compliance
      with the requirements of Section
      2.2.2,
      Section
      12.2
      or
      otherwise, such Lender shall make available to the Administrative Agent its
      Pro
      Rata Share of such Loan. The proceeds of such Loan shall be paid over by the
      Administrative Agent to the Issuing Lender for the account of the Company in
      satisfaction of such reimbursement obligations. For the purposes of this
      Agreement, the unparticipated portion of each Letter of Credit shall be deemed
      to be the Issuing Lender’s “participation” therein. The Issuing Lender hereby
      agrees, upon request of the Administrative Agent or any Lender, to deliver
      to
      the Administrative Agent or such Lender a list of all outstanding Letters of
      Credit issued by the Issuing Lender, together with such information related
      thereto as the Administrative Agent or such Lender may reasonably
      request.

     

    2.3.3  Reimbursement
      Obligations.
      

     

    (a)  The
      Company hereby unconditionally and irrevocably agrees to reimburse the Issuing
      Lender for each payment or disbursement made by the Issuing Lender under any
      Letter of Credit honoring any demand for payment made by the beneficiary
      thereunder, in each case on the date that such payment or disbursement is made.
      Any amount not reimbursed on the date of such payment or disbursement shall
      bear
      interest from the date of such payment or disbursement to the date that the
      Issuing Lender is reimbursed by the Company therefor, payable on demand, at
      a
      rate per annum equal to the Base Rate from time to time in effect plus
      the Base
      Rate Margin from time to time in effect plus,
      beginning on the third Business Day after receipt of notice from the Issuing
      Lender of such payment or disbursement, 2%. The Issuing Lender shall notify
      the
      Company and the Administrative Agent whenever any demand for payment is made
      under any Letter of Credit by the beneficiary thereunder; provided
      that the
      failure of the Issuing Lender to so notify the Company or the Administrative
      Agent shall not affect the rights of the Issuing Lender or the Lenders in any
      manner whatsoever.

     

    (b)  The
      Company’s reimbursement obligations hereunder shall be irrevocable and
      unconditional under all circumstances, including (a) any lack of validity or
      enforceability of any Letter of Credit, this Agreement or any other Loan
      Document, (b) the existence of any claim, set-off, defense or other right which
      any Loan Party may have at any time against a beneficiary named in a Letter
      of
      Credit, any transferee of any Letter of Credit (or any Person for whom any
      such
      transferee may be acting), the Administrative Agent, the Issuing Lender, any
      Lender or any other Person, whether in

     

     

    
      
        
        

      

      
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connection
      with any Letter of Credit, this Agreement, any other Loan Document, the
      transactions contemplated herein or any unrelated transactions (including any
      underlying transaction between any Loan Party and the beneficiary named in
      any
      Letter of Credit), (c) the validity, sufficiency or genuineness of any document
      which the Issuing Lender has determined in good faith complies on its face
      with
      the terms of the applicable Letter of Credit, even if such document should
      later
      prove to have been forged, fraudulent, invalid or insufficient in any respect
      or
      any statement therein shall have been untrue or inaccurate in any respect,
      or
      (d) the surrender or impairment of any security for the performance or
      observance of any of the terms hereof. Without limiting the foregoing, no action
      or omission whatsoever by the Administrative Agent or any Lender (excluding
      any
      Lender in its capacity as the Issuing Lender) under or in connection with any
      Letter of Credit or any related matters shall result in any liability of the
      Administrative Agent or any Lender to the Company, or relieve the Company of
      any
      of its obligations hereunder to any such Person.

     

    2.3.4  Funding
      by Lenders to Issuing Lender.
      If the
      Issuing Lender makes any payment or disbursement under any Letter of Credit
      and
      (a) the Company has not reimbursed the Issuing Lender in full for such payment
      or disbursement by 11:00 A.M. Chicago time, on the date of such payment or
      disbursement, (b) a Revolving Loan cannot be made in accordance with
Section
      2.3.2
      or (c)
      any reimbursement received by the Issuing Lender from the Company is or must
      be
      returned or rescinded upon or during any bankruptcy or reorganization of the
      Company or otherwise, each other Lender with a Commitment shall be obligated
      to
      pay to the Administrative Agent for the account of the Issuing Lender, in full
      or partial payment of the purchase price of its participation in such Letter
      of
      Credit, its Pro Rata Share of such payment or disbursement (but no such payment
      shall diminish the obligations of the Company under Section 2.3.3),
      and,
      upon notice from the Issuing Lender, the Administrative Agent shall promptly
      notify each other Lender thereof. Each other Lender irrevocably and
      unconditionally agrees to so pay to the Administrative Agent in immediately
      available funds for the Issuing Lender’s account the amount of such other
      Lender’s Pro Rata Share of such payment or disbursement. If and to the extent
      any Lender shall not have made such amount available to the Administrative
      Agent
      by 2:00 P.M., Chicago time, on the Business Day on which such Lender receives
      notice from the Administrative Agent of such payment or disbursement (it being
      understood that any such notice received after noon, Chicago time, on any
      Business Day shall be deemed to have been received on the next following
      Business Day), such Lender agrees to pay interest on such amount to the
      Administrative Agent for the Issuing Lender’s account forthwith on demand, for
      each day from the date such amount was to have been delivered to the
      Administrative Agent to the date such amount is paid, at a rate per annum equal
      to (a) for the first three days after demand, the Federal Funds Rate from time
      to time in effect and (b) thereafter, the Base Rate from time to time in effect.
      Any Lender’s failure to make available to the Administrative Agent its Pro Rata
      Share of any such payment or disbursement shall not relieve any other Lender
      of
      its obligation hereunder to make available to the Administrative Agent such
      other Lender’s Pro Rata Share of such payment, but no Lender shall be
      responsible for the failure of any other Lender to make available to the
      Administrative Agent such other Lender’s Pro Rata Share of any such payment or
      disbursement.

     

    
      
        
        

      

      
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    2.4  Commitments
      Several

     

    .
      The
      failure of any Lender to make a requested Loan on any date in breach of the
      provisions of this Agreement (any such Lender, a “Defaulting
      Lender”)
      shall
      not relieve any other Lender of its obligation (if any) to make a Loan on such
      date, but no Lender shall be responsible for the failure of any other Lender
      to
      make any Loan to be made by such other Lender.

     

    2.5  Certain
      Conditions

     

    .
      Except
      as otherwise provided in Section
      2.2.4
      and
2.3.4
      of this
      Agreement, no Lender shall have an obligation to make any Loan, or to permit
      the
      continuation of or any conversion into any LIBOR Loan, and the Issuing Lender
      shall not have any obligation to issue any Letter of Credit, if an Event of
      Default or Unmatured Event of Default exists.

     

    
      	SECTION
              3.  	
              EVIDENCING
                OF LOANS.

            

    

     

    3.1  Notes

     

    .
      The
      Loans of each Lender shall be evidenced by a Note, with appropriate insertions,
      payable to the order of such Lender in a face principal amount equal to the
      sum
      of such Lender’s Commitment.

     

    3.2  Recordkeeping

     

    .
      The
      Administrative Agent, on behalf of each Lender, shall record in its records,
      the
      date and amount of each Loan made by each Lender, each repayment or conversion
      thereof and, in the case of each LIBOR Loan, the dates on which each Interest
      Period for such Loan shall begin and end. The aggregate unpaid principal amount
      so recorded shall be rebuttably presumptive evidence of the principal amount
      of
      the Loans owing and unpaid. The failure to so record any such amount or any
      error in so recording any such amount shall not, however, limit or otherwise
      affect the Obligations of the Company hereunder or under any Note to repay
      the
      principal amount of the Loans hereunder, together with all interest accruing
      thereon.

     

    
      	SECTION
              4.  	
              INTEREST.

            

    

     

    4.1  Interest
      Rates

     

    .
      The
      Company promises to pay interest on the unpaid principal amount of each Loan
      for
      the period commencing on the date of such Loan until such Loan is paid in full
      as follows:

     

    (a)  at
      all
      times while such Loan is a Base Rate Loan, at a rate per annum equal to the
      sum
      of the Base Rate from time to time in effect plus the Base Rate Margin from
      time
      to time in effect; and

     

    
      
        
        

      

      
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    (b)  at
      all
      times while such Loan is a LIBOR Loan, at a rate per annum equal to the sum
      of
      the LIBOR Rate applicable to each Interest Period for such Loan plus the LIBOR
      Margin from time to time in effect;

     

    provided
      that at
      any time an Event of Default exists, unless the Required Lenders otherwise
      consent, the interest rate applicable to each Loan shall be increased by 2%
      (and, in the case of Obligations not bearing interest, such Obligations shall
      bear interest at the Base Rate applicable to Revolving Loans plus 2%),
provided further
      that
      such increase may thereafter be rescinded by the Required Lenders,
      notwithstanding Section
      15.1.
      Notwithstanding the foregoing, upon the occurrence of an Event of Default under
      Section
      13.1.3,
      such
      increase shall occur automatically.

     

    4.2  Interest
      Payment Dates

     

    .
      Accrued
      interest on each Base Rate Loan shall be payable in arrears on the last day
      of
      each calendar quarter and at maturity. Accrued interest on each LIBOR Loan
      shall
      be payable on the last day of each Interest Period relating to such Loan (and,
      in the case of a LIBOR Loan with an Interest Period in excess of three months,
      on the three-month anniversary of the first day of such Interest Period), upon
      a
      prepayment of such Loan, and at maturity. After maturity, and at any time an
      Event of Default exists, accrued interest on all Loans shall be payable on
      demand.

     

    4.3  Setting
      and Notice of LIBOR Rates

     

    .
      The
      applicable LIBOR Rate for each Interest Period shall be determined by the
      Administrative Agent, and notice thereof shall be given by the Administrative
      Agent promptly to the Company and each Lender. Each determination of the
      applicable LIBOR Rate by the Administrative Agent shall be conclusive and
      binding upon the parties hereto, in the absence of demonstrable error. The
      Administrative Agent shall, upon written request of the Company or any Lender,
      deliver to the Company or such Lender a statement showing the computations
      used
      by the Administrative Agent in determining any applicable LIBOR Rate
      hereunder.

     

    4.4  Computation
      of Interest

     

    .
      Interest on LIBOR Loans shall be computed for the actual number of days elapsed
      on the basis of a year of 360 days. Interest on Base Rate Loans shall be
      computed for the actual number of days elapsed on the basis of a year of 365
      or
      366 days, as applicable. The applicable interest rate for each Base Rate Loan
      shall change simultaneously with each change in the Base Rate.

     

    
      	SECTION
              5.  	
              FEES.

            

    

     

    5.1  Non-Use
      Fee

     

    .
      The
      Company agrees to pay to the Administrative Agent for the account of each Lender
      a non-use fee, for the period from the Closing Date to the Termination Date,
      at
      the Non-Use Fee Rate in effect from time to time of such Lender’s Pro Rata Share
      (as

     

     

    
      
        
        

      

      
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adjusted
      from time to time) of the unused amount of the Revolving Commitment. For
      purposes of calculating usage under this Section, the Revolving Commitment
      shall
      be deemed used to the extent of Revolving Outstandings. Such non-use fee shall
      be payable in arrears on the last day of each calendar quarter and on the
      Termination Date for any period then ending for which such non-use fee shall
      not
      have previously been paid. The non-use fee shall be computed for the actual
      number of days elapsed on the basis of a year of 365 or 366 days, as applicable.
      

     

    5.2  Letter
      of Credit Fees

     

    .
      The
      following Letter of Credit fees shall be payable by the Company:

     

    (a)  
      The
      Company agrees to pay to the Administrative Agent for the account of each Lender
      a letter of credit fee for each Letter of Credit at the L/C Fee Rate in effect
      from time to time of such Lender’s Pro Rata Share (as adjusted from time to
      time) of the undrawn amount of such Letter of Credit (computed for the actual
      number of days elapsed on the basis of a year of 365 or 366 days, as
      applicable); provided that, unless the Required Lenders otherwise consent,
      the
      rate applicable to each Letter of Credit shall be increased by 2% at any time
      that an Event of Default exists. Such letter of credit fee shall be payable
      in
      arrears on the last day of each calendar quarter and on the Termination Date
      (or
      such later date on which such Letter of Credit expires or is terminated) for
      the
      period from the date of the issuance of each Letter of Credit (or the last
      day
      on which the letter of credit fee was paid with respect thereto) to the date
      such payment is due or, if earlier, the date on which such Letter of Credit
      expired or was terminated. 

     

    (b)  In
      addition, with respect to each Letter of Credit, the Company agrees to pay
      to
      the Issuing Lender, for its own account, (i) such reasonable fees and expenses
      as the Issuing Lender customarily requires in connection with the issuance,
      negotiation, processing and/or administration of letters of credit in similar
      situations, and (ii) a letter of credit fronting fee in the amount and at the
      times agreed to by the Company and the Issuing Lender.

     

    5.3  Administrative
      Agent’s Fees

     

    .
      The
      Company agrees to pay to the Administrative Agent such agent’s fees as are
      mutually agreed to from time to time by the Company and the Administrative
      Agent
      including the fees set forth in the Agent Fee Letter.

     

    
      	SECTION
              6.  	
              REDUCTION
                OR TERMINATION OF THE REVOLVING COMMITMENT;
                PREPAYMENTS.

            

    

     

    6.1  Reduction
      or Termination of the Revolving Commitment

     

    6.1.1  Voluntary
      Reduction or Termination of the Revolving Commitment.
      The
      Company may from time to time on at least five Business Days’ prior written
      notice

     

     

    
      
        
        

      

      
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received
      by the Administrative Agent (which shall promptly advise each Lender thereof)
      permanently reduce the Revolving Commitment to an amount not less than the
      Revolving Outstandings plus the outstanding amount of all Swing Line
      Loans. Any such reduction shall be in an amount not less than $250,000.00 or
      a
      higher integral multiple of $250,000.00. Concurrently with any reduction of
      the
      Revolving Commitment to zero, the Company shall pay all interest on the
      Revolving Loans, all non-use fees and all letter of credit fees and shall Cash
      Collateralize in full all obligations arising with respect to the Letters of
      Credit.

     

    6.1.2  All
      Reductions of the Revolving Commitment.
      All
      reductions of the Revolving Commitment shall reduce the Commitments ratably
      among the Lenders according to their respective Pro Rata Shares.

     

    6.2  Prepayments

     

    6.2.1  Voluntary
      Prepayments.
      The
      Company may from time to time prepay the Loans in whole or in part; provided
      that the
      Company shall give the Administrative Agent (which shall promptly advise each
      Lender) notice thereof not later than 11:00 A.M. Chicago time, on the day of
      such prepayment (which shall be a Business Day), specifying the Loans to be
      prepaid and the date and amount of prepayment. 

     

    6.2.2  Mandatory
      Prepayment Events.
      If on
      any day the Revolving Outstandings plus
      the
      outstanding amount of the Swing Line Loan exceeds the Revolving Loan
      Availability, then the Company shall immediately prepay Revolving Loans or
      Cash
      Collateralize the outstanding Letters of Credit, or do a combination of the
      foregoing, in an amount sufficient to eliminate such excess.

     

    6.3  Manner
      of Prepayments

     

    .
      Each
      voluntary partial prepayment shall be in a principal amount of $250,000.00
      or a
      higher integral multiple of $250,000.00. Any partial prepayment of a Group
      of
      LIBOR Loans shall be subject to the proviso to Section
      2.2.3(a).
      Any
      prepayment of a LIBOR Loan on a day other than the last day of an Interest
      Period therefor shall include interest on the principal amount being repaid
      and
      shall be subject to Section
      8.4.
      Except
      as otherwise provided by this Agreement, all principal payments in respect
      of
      the Loans (other than the Swing Line Loans) shall be applied first, to repay
      outstanding Base Rate Loans and then to repay outstanding LIBOR Rate Loans
      in
      direct order of Interest Period maturities.

     

    6.4  Repayments

     

    .
      The
      Revolving Loans of each Lender shall be paid in full and the Revolving
      Commitment shall terminate on the Termination Date.

     

    
      	SECTION
              7.  	
              MAKING
                AND PRORATION OF PAYMENTS; SETOFF;
                TAXES.

            

    

     

    
      
        
        

      

      
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    7.1  Making
      of Payments

     

    .
      All
      payments of principal or interest on the Notes, and of all fees, shall be made
      by the Company to the Administrative Agent in immediately available funds at
      the
      office specified by the Administrative Agent not later than noon, Chicago time
      (2:00 in the case of Swing Line Loans), on the date due; and funds received
      after that hour shall be deemed to have been received by the Administrative
      Agent on the following Business Day. The Administrative Agent shall promptly
      remit to each Lender its share of all such payments received in collected funds
      by the Administrative Agent for the account of such Lender. All payments under
      this Section
      7.1
      shall be
      made by the Company directly to the Lender entitled thereto without setoff,
      counterclaim or other defense. 

     

    7.2  Application
      of Certain Payments

     

    .
      So long
      as no Unmatured Event of Default or Event of Default has occurred and is
      continuing, (a) payments matching specific scheduled payments then due shall
      be
      applied to those scheduled payments and (b) voluntary and mandatory prepayments
      shall be applied as set forth in Sections
      6.2
      and
6.3.
      After
      the occurrence and during the continuance of an Unmatured Event of Default
      or
      Event of Default, all amounts collected or received by the Administrative Agent
      or any Lender as proceeds from the sale of, or other realization upon, all
      or
      any part of the Collateral shall be applied in accordance with the following
      priority: 

     

    (a) First,
      to
      pay attorneys’ fees to attorneys retained by the Administrative Agent, and all
      costs and expenses of collection incurred by Administrative Agent to the extent
      not previously paid;

    

    (b) Then,
      to
      accrued interest on the Loan (the application of such funds to be to the Lenders
      and Participants allocated to Lenders and Participants in proportion to their
      respective Pro Rata Shares from time to time); and

    

    (c) Then,
      to
      unpaid principal of the Loan, allocated to Lenders and Participants in
      proportion to their respective Pro Rata Shares from time to time.

     

    Concurrently
      with each remittance to any Lender or Participant of its share of any such
      payment, the Administrative Agent shall advise such Lender or Participant as
      to
      the application of such payment. 

     

    7.3  Due
      Date Extension

     

    .
      If any
      payment of principal or interest with respect to any of the Loans, or of any
      fees, falls due on a day which is not a Business Day, then such due date shall
      be extended to the immediately following Business Day (unless, in the case
      of a
      LIBOR Loan, such immediately following Business Day is the first Business Day
      of
      a calendar month, in which case such due date shall be the immediately preceding
      Business Day) and, in the case of principal, additional interest shall accrue
      and be payable for the period of any such extension.

     

    
      
        
        

      

      
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    7.4  Setoff

     

    .
      The
      Company, for itself and each other Loan Party, agrees that the Administrative
      Agent and each Lender have all rights of set-off and bankers’ lien provided by
      applicable law, and in addition thereto, the Company, for itself and each other
      Loan Party, agrees that at any time any Event of Default exists, the
      Administrative Agent and each Lender may apply to the payment of any Obligations
      of the Company and each other Loan Party hereunder, whether or not then due,
      any
      and all balances, credits, deposits, accounts or moneys of the Company and
      each
      other Loan Party then or thereafter with the Administrative Agent or such
      Lender. Such rights shall also extend to any Participants.

     

    7.5  Proration
      of Payments

     

    .
      If any
      Lender shall obtain any payment or other recovery (whether voluntary,
      involuntary, by application of offset or otherwise, on account of (a) principal
      of or interest on any Loan, but excluding (i) any payment pursuant to
Section
      8.7
      or
15.6
      and (ii)
      payments of interest on any Affected Loan) or (b) its participation in any
      Letter of Credit) in excess of its applicable Pro Rata Share of payments and
      other recoveries obtained by all Lenders on account of principal of and interest
      on the Loans (or such participation) then held by them, then such Lender shall
      purchase from the other Lenders such participations in the Loans (or
      sub-participations in Letters of Credit) held by them as shall be necessary
      to
      cause such purchasing Lender to share the excess payment or other recovery
      ratably with each of them; provided
      that if
      all or any portion of the excess payment or other recovery is thereafter
      recovered from such purchasing Lender, the purchase shall be rescinded and
      the
      purchase price restored to the extent of such recovery.

     

    7.6  Taxes

     

    (a)  All
      payments made by the Company hereunder or under any Loan Documents shall be
      made
      without setoff, counterclaim, or other defense. To the extent permitted by
      applicable law, all payments hereunder or under the Loan Documents (including
      any payment of principal, interest, or fees) to, or for the benefit, of any
      person shall be made by the Company free and clear of and without deduction
      or
      withholding for, or account of, any Taxes now or hereinafter imposed by any
      taxing authority.

     

    (b)  If
      the
      Company makes any payment hereunder or under any Loan Document in respect of
      which it is required by applicable law to deduct or withhold any Taxes, the
      Company shall increase the payment hereunder or under any such Loan Document
      such that after the reduction for the amount of Taxes withheld (and any taxes
      withheld or imposed with respect to the additional payments required under
      this
Section
      7.6(b)),
      the
      amount paid to the Lenders or the Administrative Agent equals the amount that
      was payable hereunder or under any such Loan Document without regard to
      this

     

     

    
      
        
        

      

      
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Section
      7.6(b).
      To the
      extent the Company withholds any Taxes on payments hereunder or under any Loan
      Document, the Company shall pay the full amount deducted to the relevant taxing
      authority within the time allowed for payment under applicable law and shall
      deliver to the Administrative Agent within 30 days after it has made payment
      to
      such authority a receipt issued by such authority (or other evidence
      satisfactory to the Administrative Agent) evidencing the payment of all amounts
      so required to be deducted or withheld from such payment. 

     

    (c)  If
      any
      Lender or the Administrative Agent is required by law to make any payments
      of
      any Taxes on or in relation to any amounts received or receivable hereunder
      or
      under any other Loan Document, or any Tax is assessed against a Lender or the
      Administrative Agent with respect to amounts received or receivable hereunder
      or
      under any other Loan Document, the Company will indemnify such person against
      (i) such Tax (and any reasonable counsel fees and expenses associated with
      such
      Tax) and (ii) any taxes imposed as a result of the receipt of the payment under
      this Section
      7.6(c).
      A
      certificate prepared in good faith as to the amount of such payment by such
      Lender or the Administrative Agent shall, absent manifest error, be final,
      conclusive, and binding on all parties.

     

    (d)  (i)
      To
      the extent permitted by applicable law, each Lender that is not a United States
      person within the meaning of Code Section 7701(a)(30) (a “Non-U.S.
      Participant”)
      shall
      deliver to the Company and the Administrative Agent on or prior to the Closing
      Date (or in the case of a Lender that is an Assignee, on the date of such
      assignment to such Lender) two accurate and complete original signed copies
      of
      IRS Form W-8BEN, W-8ECI, or W-8IMY (or any successor or other applicable form
      prescribed by the IRS) certifying to such Lender’s entitlement to a complete
      exemption from, or a reduced rate in, United States withholding tax on interest
      payments to be made hereunder or any Loan. If a Lender that is a Non-U.S.
      Participant is claiming a complete exemption from withholding on interest
      pursuant to Code Sections 871(h) or 881(c), the Lender shall deliver (along
      with
      two accurate and complete original signed copies of IRS Form W-8BEN) a
      certificate in form and substance reasonably acceptable to Administrative Agent
      (any such certificate, a “Withholding
      Certificate”).
      In
      addition, each Lender that is a Non-U.S. Participant agrees that from time
      to
      time after the Closing Date, (or in the case of a Lender that is an Assignee,
      after the date of the assignment to such Lender), when a lapse in time (or
      change in circumstances occurs) renders the prior certificates hereunder
      obsolete or inaccurate in any material respect, such Lender shall, to the extent
      permitted under applicable law, deliver to the Company and the Administrative
      Agent two new and accurate and complete original signed copies of an IRS Form
      W-8BEN, W-8ECI, or W-8IMY (or any successor or other applicable forms prescribed
      by the IRS), and if applicable, a new Withholding Certificate, to confirm or
      establish the entitlement of such Lender or the Administrative Agent to an
      exemption from, or reduction in, United States withholding tax on interest
      payments to be made hereunder or any Loan.

     

    (ii) Each
      Lender that is not a Non-U.S. Participant (other than any such Lender which
      is
      taxed as a corporation for U.S. federal income tax purposes) shall provide
      two
      properly completed and duly executed copies of IRS Form

     

     

    
      
        
        

      

      
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W-9
      (or any successor or other applicable form) to the Company and the
      Administrative Agent certifying that such Lender is exempt from United States
      backup withholding tax. To the extent that a form provided pursuant to this
      Section 7.6(d)(ii) is rendered obsolete or inaccurate in any material
      respects as result of change in circumstances with respect to the status of
      a
      Lender, such Lender shall, to the extent permitted by applicable law, deliver
      to
      the Company and the Administrative Agent revised forms necessary to confirm
      or
      establish the entitlement to such Lender’s or Agent’s exemption from United
      States backup withholding tax.

     

    (iii) The
      Company shall not be required to pay additional amounts to a Lender, or
      indemnify any Lender, under this Section
      7.6
      to the
      extent that such obligations would not have arisen but for the failure of such
      Lender to comply with Section
      7.6(d).

     

    (iv) Each
      Lender agrees to indemnify the Administrative Agent and hold the Administrative
      Agent harmless for the full amount of any and all present or future Taxes and
      related liabilities (including penalties, interest, additions to tax and
      expenses, and any Taxes imposed by any jurisdiction on amounts payable to the
      Administrative Agent under this Section
      7.6)
      which
      are imposed on or with respect to principal, interest or fees payable to such
      Lender hereunder and which are not paid by the Company pursuant to this
Section
      7.6,
      whether
      or not such Taxes or related liabilities were correctly or legally asserted.
      This indemnification shall be made within 30 days from the date the
      Administrative Agent makes written demand therefor.

     

    
      	SECTION
              8.  	
              INCREASED
                COSTS; SPECIAL PROVISIONS FOR LIBOR
                LOANS.

            

    

     

    8.1  Increased
      Costs

     

    (a)  If,
      after
      the date hereof, the adoption of, or any change in, any applicable law, rule
      or
      regulation, or any change in the interpretation or administration of any
      applicable law, rule or regulation by any governmental authority, central bank
      or comparable agency charged with the interpretation or administration thereof,
      or compliance by any Lender with any request or directive (whether or not having
      the force of law) of any such authority, central bank or comparable agency:
      (i)
      shall impose, modify or deem applicable any reserve (including any reserve
      imposed by the FRB, but excluding any reserve included in the determination
      of
      the LIBOR Rate pursuant to Section
      4),
      special deposit or similar requirement against assets of, deposits with or
      for
      the account of, or credit extended by any Lender; or (ii) shall impose on any
      Lender any other condition affecting its LIBOR Loans, its Note or its obligation
      to make LIBOR Loans; and the result of anything described in clauses (i) and
      (ii) above is to increase the cost to (or to impose a cost on) such Lender
      (or
      any LIBOR Office of such Lender) of making or maintaining any LIBOR Loan, or
      to
      reduce the amount of any sum received or receivable by such Lender (or its
      LIBOR
      Office) under this Agreement or under its Note with respect thereto, then upon
      demand by such Lender (which demand shall be accompanied by a statement setting
      forth the basis for such demand and a calculation of the amount thereof in
      reasonable detail, a copy of which shall be furnished to the Administrative
      Agent), the Company shall pay directly to such Lender such additional amount
      as
      will compensate such Lender for such increased cost or such reduction, so long
      as such amounts have accrued on or after the day which is 180 days prior to
      the
      date on which such Lender first made demand therefor.

     

    (b)  If
      any
      Lender shall reasonably determine that any change in, or the adoption or
      phase-in of, any applicable law, rule or regulation regarding capital adequacy,
      or any change in the interpretation or administration thereof by any
      governmental authority, central bank or comparable agency charged with the
      interpretation or administration thereof, or the compliance by any Lender or
      any
      Person controlling such Lender with any request or directive regarding capital
      adequacy (whether or not having the force of law) of any such authority, central
      bank or comparable agency, has or would have the effect of reducing the rate
      of
      return on such Lender’s or such controlling Person’s capital as a consequence of
      such Lender’s obligations hereunder or under any Letter of Credit to a level
      below that which such Lender or such controlling Person could have achieved
      but
      for such change, adoption, phase-in or compliance (taking into consideration
      such Lender’s or such controlling Person’s policies with respect to capital
      adequacy) by an amount deemed by such Lender or such controlling Person to
      be
      material, then from time to time, upon demand by such Lender (which demand
      shall
      be accompanied by a statement setting forth the basis for such demand and a
      calculation

     

     

    
      
        
        

      

      
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of
      the amount thereof in reasonable detail, a copy of which shall be furnished
      to
      the Administrative Agent), the Company shall pay to such Lender such additional
      amount as will compensate such Lender or such controlling Person for such
      reduction so long as such amounts have accrued on or after the day which is
      180
      days prior to the date on which such Lender first made demand therefor.

     

    8.2  Basis
      for Determining Interest Rate Inadequate or Unfair

     

    .
      If:

     

    (a)  the
      Administrative Agent reasonably determines (which determination shall be binding
      and conclusive on the Company) that by reason of circumstances affecting the
      interbank LIBOR market adequate and reasonable means do not exist for
      ascertaining the applicable LIBOR Rate; or

     

    (b)  the
      Required Lenders advise the Administrative Agent that the LIBOR Rate as
      determined by the Administrative Agent will not adequately and fairly reflect
      the cost to such Lenders of maintaining or funding LIBOR Loans for such Interest
      Period (taking into account any amount to which such Lenders may be entitled
      under Section
      8.1)
      or that
      the making or funding of LIBOR Loans has become impracticable as a result of
      an
      event occurring after the date of this Agreement which in the opinion of such
      Lenders materially affects such Loans;

     

    then
      the
      Administrative Agent shall promptly notify the other parties thereof and, so
      long as such circumstances shall continue, (i) no Lender shall be under any
      obligation to make or convert any Base Rate Loans into LIBOR Loans and (ii)
      on
      the last day of the

     

     

    
      
        
        

      

      
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current
      Interest Period for each LIBOR Loan, such Loan shall, unless then repaid in
      full, automatically convert to a Base Rate Loan.

     

    8.3  Changes
      in Law Rendering LIBOR Loans Unlawful

     

    .
      If any
      change in, or the adoption of any new, law or regulation, or any change in
      the
      interpretation of any applicable law or regulation by any governmental or other
      regulatory body charged with the administration thereof, should make it (or
      in
      the good faith judgment of any Lender cause a substantial question as to whether
      it is) unlawful for any Lender to make, maintain or fund LIBOR Loans, then
      such
      Lender shall promptly notify each of the other parties hereto and, so long
      as
      such circumstances shall continue, (a) such Lender shall have no obligation
      to
      make or convert any Base Rate Loan into a LIBOR Loan (but shall make Base Rate
      Loans concurrently with the making of or conversion of Base Rate Loans into
      LIBOR Loans by the Lenders which are not so affected, in each case in an amount
      equal to the amount of LIBOR Loans which would be made or converted into by
      such
      Lender at such time in the absence of such circumstances), and (b) on the last
      day of the current Interest Period for each LIBOR Loan of such Lender (or,
      in
      any event, on such earlier date as may be required by the relevant law,
      regulation or interpretation), such LIBOR Loan shall, unless then repaid in
      full, automatically convert to a Base Rate Loan. Each Base Rate Loan made by
      a
      Lender which, but for the circumstances described in the foregoing sentence,
      would be a LIBOR Loan (an “Affected
      Loan”)
      shall
      remain outstanding for the period corresponding to the Group of LIBOR Loans
      of
      which such Affected Loan would be a part absent such circumstances.

     

    8.4  Funding
      Losses

     

    .
      The
      Company hereby agrees that upon demand by any Lender (which demand shall be
      accompanied by a statement setting forth the basis for the amount being claimed,
      a copy of which shall be furnished to the Administrative Agent), the Company
      will indemnify such Lender against any net loss or expense which such Lender
      may
      sustain or incur (including any net loss or expense incurred by reason of the
      liquidation or reemployment of deposits or other funds acquired by such Lender
      to fund or maintain any LIBOR Loan), as reasonably determined by such Lender,
      as
      a result of (a) any payment, prepayment or conversion of any LIBOR Loan of
      such
      Lender on a date other than the last day of an Interest Period for such Loan
      (including any conversion pursuant to Section
      8.3),
      or (b)
      any failure of the Company to borrow, convert or continue any Loan on a date
      specified therefor in a notice of borrowing, conversion or continuation pursuant
      to this Agreement. For this purpose, all notices to the Administrative Agent
      pursuant to this Agreement shall be deemed to be irrevocable.

     

    8.5  Right
      of Lenders to Fund through Other Offices

     

    .
      Each
      Lender may, if it so elects, fulfill its commitment as to any LIBOR Loan by
      causing a foreign branch or Affiliate of such Lender to make such Loan;
provided
      that in
      such event for the purposes of this Agreement such Loan shall be deemed to
      have
      been made by such Lender and the obligation of the Company to repay such Loan
      shall

     

     

    
      
        
        

      

      
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nevertheless
      be to such Lender and shall be deemed held by it, to the extent of such Loan,
      for the account of such branch or Affiliate.

     

    8.6  Discretion
      of Lenders as to Manner of Funding

     

    .
      Notwithstanding any provision of this Agreement to the contrary, each Lender
      shall be entitled to fund and maintain its funding of all or any part of its
      Loans in any manner it sees fit, it being understood, however, that for the
      purposes of this Agreement all determinations hereunder shall be made as if
      such
      Lender had actually funded and maintained each LIBOR Loan during each Interest
      Period for such Loan through the purchase of deposits having a maturity
      corresponding to such Interest Period and bearing an interest rate equal to
      the
      LIBOR Rate for such Interest Period.

     

    8.7  Mitigation
      of Circumstances; Replacement of Lenders

     

    (a)  
      Each
      Lender shall promptly notify the Company and the Administrative Agent of any
      event of which it has knowledge which will result in, and will use reasonable
      commercial efforts available to it (and not, in such Lender’s sole judgment,
      otherwise disadvantageous to such Lender) to mitigate or avoid, (i) any
      obligation by the Company to pay any amount pursuant to Section
      7.6
      or
8.1,
      or (ii)
      the occurrence of any circumstances described in Section
      8.2
      or
8.3
      (and, if
      any Lender has given notice of any such event described in clause (i) or (ii)
      above and thereafter such event ceases to exist, such Lender shall promptly
      so
      notify the Company and the Administrative Agent). Without limiting the
      foregoing, each Lender will designate a different funding office if such
      designation will avoid (or reduce the cost to the Company of) any event
      described in clause (i) or (ii) above and such designation will not, in such
      Lender’s sole judgment, be otherwise disadvantageous to such
      Lender.

     

    (b)  If
      the
      Company becomes obligated to pay additional amounts to any Lender pursuant
      to
Section
      7.6
      or
8.1,
      or any
      Lender gives notice of the occurrence of any circumstances described in
Section
      8.2
      or
8.3,
      the
      Company may designate another bank which is acceptable to the Administrative
      Agent and the Issuing Lender in their reasonable discretion (such other bank
      being called a “Replacement
      Lender”)
      to
      purchase the Loans of such Lender and such Lender’s rights hereunder, without
      recourse to or warranty by, or expense to, such Lender, for a purchase price
      equal to the outstanding principal amount of the Loans payable to such Lender
      plus any accrued but unpaid interest on such Loans and all accrued but unpaid
      fees owed to such Lender and any other amounts payable to such Lender under
      this
      Agreement, and to assume all the obligations of such Lender hereunder, and,
      upon
      such purchase and assumption (pursuant to an Assignment Agreement), such Lender
      shall no longer be a party hereto or have any rights hereunder (other than
      rights with respect to indemnities and similar rights applicable to such Lender
      prior to the date of such purchase and assumption) and shall be relieved from
      all obligations to the Company hereunder, and the Replacement Lender shall
      succeed to the rights and obligations of such Lender hereunder.

     

    
      
        
        

      

      
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    8.8  Conclusiveness
      of Statements; Survival of Provisions

     

    .
      Determinations and statements of any Lender pursuant to Sections
      8.1,
      8.2,
      8.3
      or
8.4
      shall be
      conclusive absent demonstrable error. Lenders may use reasonable averaging
      and
      attribution methods in determining compensation under Section
      8.1
      and
8.4,
      and the
      provisions of such Sections shall survive repayment of the Obligations,
      cancellation of any Notes, expiration or termination of the Letters of Credit
      and termination of this Agreement.

     

    
      	SECTION
              9.  	
              REPRESENTATIONS
                AND WARRANTIES.

            

    

     

    To
      induce
      the Administrative Agent and the Lenders to enter into this Agreement and to
      induce the Lenders to make Loans and issue and participate in Letters of Credit
      hereunder, the Company represents and warrants to the Administrative Agent
      and
      the Lenders that:

     

    9.1  Organization

     

    .
      Each
      Loan Party is validly existing and in good standing under the laws of its
      jurisdiction of organization; and each Loan Party is duly qualified to do
      business in each jurisdiction where, because of the nature of its activities
      or
      properties, such qualification is required, except for such jurisdictions where
      the failure to so qualify would not have a Material Adverse Effect.

     

    9.2  Authorization;
      No Conflict

     

    .
      Each
      Loan Party is duly authorized to execute and deliver each Loan Document to
      which
      it is a party, the Company is duly authorized to borrow monies hereunder and
      each Loan Party is duly authorized to perform its Obligations under each Loan
      Document to which it is a party. The execution, delivery and performance by
      each
      Loan Party of each Loan Document to which it is a party, and the borrowings
      by
      the Company hereunder, do not and will not (a) require any consent or approval
      of any governmental agency or authority (other than any consent or approval
      which has been obtained and is in full force and effect), (b) conflict with
      (i)
      any provision of law, (ii) the charter, by-laws or other organizational
      documents of any Loan Party or (iii) any agreement, indenture, instrument or
      other document, or any judgment, order or decree, which is binding upon any
      Loan
      Party or any of their respective properties (except for any such agreement,
      indenture, instrument or other document, or any judgment, order or decree the
      conflict with which would not have a Material Adverse Effect or (c) require,
      or
      result in, the creation or imposition of any Lien on any asset of any Loan
      Party
      (other than any Liens in favor of the Administrative Agent created pursuant
      to
      the Loan Documents and other Permitted Liens).

     

    9.3  Validity
      and Binding Nature

     

    .
      Each of
      this Agreement and each other Loan Document to which any Loan Party is a party
      is the legal, valid and binding obligation of such Person, enforceable against
      such Person in accordance with its terms, subject to bankruptcy, insolvency
      and
      similar laws

     

     

    
      
        
        

      

      
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affecting
      the enforceability of creditors’ rights generally and to general principles of
      equity.

     

    9.4  Financial
      Condition

     

    .
      The
      audited consolidated financial statements of the Company and its Subsidiaries
      as
      at December 31, 2002, December 31, 2003, and December 31, 2004 and the unaudited
      consolidated financial statements of the Company and the Subsidiaries as at
      December 31, 2005 and for the Fiscal Quarter ended March 31, 2006, copies of
      each of which have been delivered to each Lender, were prepared in accordance
      with GAAP (subject, in the case of such unaudited statements, to the absence
      of
      footnotes and to normal year-end adjustments) and present fairly the
      consolidated financial condition of the Company and its Subsidiaries as at
      such
      dates and the results of their operations for the periods then
      ended.

     

    9.5  No
      Material Adverse Change

     

    .
      Since
      December 31, 2005, there has been no material adverse change in the financial
      condition, operations, assets, business, or properties of the Loan Parties
      taken
      as a whole.

     

    9.6  Litigation
      and Contingent Liabilities

     

    .
      No
      litigation (including derivative actions), arbitration proceeding or
      governmental investigation or proceeding is pending or, to the Company’s
      knowledge, threatened against any Loan Party which might reasonably be expected
      to have a Material Adverse Effect, except as set forth in Schedule
      9.6.
      Other
      than any liability incident to such litigation or proceedings, no Loan Party
      has
      any material contingent liabilities not listed on Schedule
      9.6
      or
      permitted by Section
      11.1.

     

    9.7  Ownership
      of Properties; Liens

     

    .
      Each
      Loan Party owns good and, in the case of real property, marketable title to
      all
      of its properties and assets, real and personal, tangible and intangible, of
      any
      nature whatsoever (including patents, trademarks, trade names, service marks
      and
      copyrights), free and clear of all Liens, charges and claims (including
      infringement claims with respect to patents, trademarks, service marks,
      copyrights and the like) except as permitted by Section
      11.2.

     

    9.8  Equity
      Ownership; Subsidiaries

     

    .
      All
      issued and outstanding Capital Securities of each Loan Party are duly authorized
      and validly issued, fully paid, non-assessable, and free and clear of all Liens
      other than those in favor of the Administrative Agent, and such securities
      were
      issued in compliance with all applicable state and federal laws concerning
      the
      issuance of securities. Schedule
      9.8
      sets
      forth the authorized Capital Securities of each Loan Party as of the Closing
      Date. All of the issued and outstanding Capital Securities of the Company and
      such Loan Parties are owned as set forth on Schedule
      9.8
      as of
      the

     

     

    
      
        
        

      

      
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Closing
      Date. As of the Closing Date, except as set forth on Schedule 9.8, there
      are no pre-emptive or other outstanding rights, options, warrants, conversion
      rights or other similar agreements or understandings for the purchase or
      acquisition of any Capital Securities of any Loan Party.

     

    9.9  Pension
      Plans

     

    (a)  The
      Unfunded Liability of all Pension Plans does not in the aggregate exceed twenty
      percent of the Total Plan Liability for all such Pension Plans. Each Pension
      Plan complies in all material respects with all applicable requirements of
      law
      and regulations. No contribution failure under Section 412 of the Code, Section
      302 of ERISA or the terms of any Pension Plan has occurred with respect to
      any
      Pension Plan, sufficient to give rise to a Lien under Section 302(f) of ERISA,
      or otherwise to have a Material Adverse Effect. There are no pending or, to
      the
      knowledge of Company, threatened, claims, actions, investigations or lawsuits
      against any Pension Plan, any fiduciary of any Pension Plan, or Company or
      other
      any member of the Controlled Group with respect to a Pension Plan or a
      Multiemployer Pension Plan which could reasonably be expected to have a Material
      Adverse Effect. Neither the Company nor any other member of the Controlled
      Group
      has engaged in any prohibited transaction (as defined in Section 4975 of the
      Code or Section 406 of ERISA) in connection with any Pension Plan or
      Multiemployer Pension Plan which would subject that Person to any material
      liability. Within the past five years, neither the Company nor any other member
      of the Controlled Group has engaged in a transaction which resulted in a Pension
      Plan with an Unfunded Liability being transferred out of the Controlled Group,
      which could reasonably be expected to have a Material Adverse Effect. No
      Termination Event has occurred or is reasonably expected to occur with respect
      to any Pension Plan, which could reasonably be expected to have a Material
      Adverse Effect.

     

    (b)  All
      contributions (if any) have been made to any Multiemployer Pension Plan that
      are
      required to be made by the Company or any other member of the Controlled Group
      under the terms of the plan or of any collective bargaining agreement or by
      applicable law; neither the Company nor any other member of the Controlled
      Group
      has withdrawn or partially withdrawn from any Multiemployer Pension Plan,
      incurred any withdrawal liability with respect to any such plan or received
      notice of any claim or demand for withdrawal liability or partial withdrawal
      liability from any such plan, and no condition has occurred which, if continued,
      could result in a withdrawal or partial withdrawal from any such plan; and
      neither the Company nor any other member of the Controlled Group has received
      any notice that any Multiemployer Pension Plan is in reorganization, that
      increased contributions may be required to avoid a reduction in plan benefits
      or
      the imposition of any excise tax, that any such plan is or has been funded
      at a
      rate less than that required under Section 412 of the Code, that any such plan
      is or may be terminated, or that any such plan is or may become
      insolvent.

     

    9.10  Investment
      Company Act

     

    
      
        
        

      

      
        -
          37
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    .
      No Loan
      Party is an “investment company” or a company “controlled” by an “investment
      company” or a “subsidiary” of an “investment company,” within the meaning of the
      Investment Company Act of 1940.

     

    9.11  [Intentionally
      Omitted] 

     

    9.12  Regulation
      U

     

    .
      The
      Company is not engaged principally, or as one of its important activities,
      in
      the business of extending credit for the purpose of purchasing or carrying
      Margin Stock.

     

    9.13  Taxes

     

    .
      Each
      Loan Party has timely filed all tax returns and reports required by law to
      have
      been filed by it and has paid all taxes and governmental charges due and payable
      with respect to such return, except any such taxes or charges which are being
      diligently contested in good faith by appropriate proceedings and for which
      adequate reserves in accordance with GAAP shall have been set aside on its
      books. The Loan Parties have made adequate reserves on their books and records
      in accordance with GAAP for all taxes that have accrued but which are not yet
      due and payable. No Loan Party has participated in any transaction that relates
      to a year of the taxpayer (which is still open under the applicable statute
      of
      limitations) which is a “reportable transaction” within the meaning of Treasury
      Regulation Section 1.6011-4(b)(2) (irrespective of the date when the transaction
      was entered into).

     

    9.14  Solvency,
      etc

     

    .
      On the
      Closing Date, and immediately prior to and after giving effect to the issuance
      of each Letter of Credit and each borrowing hereunder and the use of the
      proceeds thereof, with respect to each Loan Party, individually, (a) the fair
      value of its assets is greater than the amount of its liabilities (including
      disputed, contingent and unliquidated liabilities) as such value is established
      and liabilities evaluated in accordance with GAAP, (b) the present fair saleable
      value of its assets is not less than the amount that will be required to pay
      the
      probable liability on its debts as they become absolute and matured, (c) it
      is
      able to realize upon its assets and pay its debts and other liabilities
      (including disputed, contingent and unliquidated liabilities) as they mature
      in
      the normal course of business, (d) it does not intend to, and does not believe
      that it will, incur debts or liabilities beyond its ability to pay as such
      debts
      and liabilities mature and (e) it is not engaged in business or a transaction,
      and is not about to engage in business or a transaction, for which its property
      would constitute unreasonably small capital.

     

    9.15  Environmental
      Matters

     

    .
      The
      on-going operations of each Loan Party comply in all material respects with
      all
      Environmental Laws, except such non-compliance which could not (if enforced
      in
      accordance with applicable law) reasonably be expected to result, either
      individually or in the aggregate, in a Material Adverse Effect. Each Loan Party
      has obtained, and maintained in good standing, all licenses, permits,
      authorizations, registrations and

     

     

    
      
        
        

      

      
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other
      approvals required under any Environmental Law and required for their respective
      ordinary course operations, and for their reasonably anticipated future
      operations, and each Loan Party is in compliance with all terms and conditions
      thereof, except where the failure to do so could not reasonably be expected
      to
      result in material liability to any Loan Party and could not reasonably be
      expected to result, either individually or in the aggregate, in a Material
      Adverse Effect. No Loan Party or any of its properties or operations is subject
      to, or reasonably anticipates the issuance of, any written order from or
      agreement with any Federal, state or local governmental authority, nor subject
      to any judicial or docketed administrative or other proceeding, respecting
      any
      Environmental Law, Environmental Claim or Hazardous Substance. There are no
      Hazardous Substances or other conditions or circumstances existing with respect
      to any property, arising from operations prior to the Closing Date, or relating
      to any waste disposal, of any Loan Party that would reasonably be expected
      to
      result, either individually or in the aggregate, in a Material Adverse Effect.
      No Loan Party has any underground storage tanks that are not properly registered
      or permitted under applicable Environmental Laws or that at any time have
      released, leaked, disposed of or otherwise discharged Hazardous
      Substances.

    
       

    

    9.16  Insurance

     

    .
      Set
      forth on Schedule
      9.16
      is a
      complete and accurate summary of the property and casualty insurance program
      of
      the Loan Parties as of the Closing Date (including the names of all insurers,
      policy numbers, expiration dates, amounts and types of coverage). Each Loan
      Party and its properties are insured with financially sound and reputable
      insurance companies which are not Affiliates of the Loan Parties, in such
      amounts, with such deductibles and covering such risks as are customarily
      carried by companies engaged in similar businesses and owning similar properties
      in localities where such Loan Parties operate. 

     

    9.17  Real
      Property

     

    .
      Set
      forth on Schedule
      9.17
      is a
      complete and accurate list, as of the Closing Date, of the address of all real
      property owned or leased by any Loan Party, together with, in the case of leased
      property, the name and mailing address of the lessor of such
      property.

     

    9.18  Information

     

    .
      All
      information heretofore or contemporaneously herewith furnished in writing by
      any
      Loan Party to the Administrative Agent or any Lender for purposes of or in
      connection with this Agreement and the transactions contemplated hereby is,
      and
      all written information hereafter furnished by or on behalf of any Loan Party
      to
      the Administrative Agent or any Lender pursuant hereto or in connection herewith
      will be, true and accurate in every material respect on the date as of which
      such information is dated or certified, and none of such information is or
      will
      be incomplete by omitting to state any material fact necessary to make such
      information not misleading in light of the circumstances under which made (it
      being recognized by the Administrative Agent and the Lenders that any
      projections and forecasts provided by the Company are based on

     

     

    
      
        
        

      

      
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good
      faith estimates and assumptions believed by the Company to be reasonable as
      of
      the date of the applicable projections or assumptions and that actual results
      during the period or periods covered by any such projections and forecasts
      may
      differ from projected or forecasted results).

     

    9.19  Intellectual
      Property

     

    .
      Each
      Loan Party owns and possesses or has a license or other right to use all
      patents, patent rights, trademarks, trademark rights, trade names, trade name
      rights, service marks, service mark rights and copyrights as are necessary
      for
      the conduct of the businesses of the Loan Parties, without any infringement
      upon
      rights of others which could reasonably be expected to have a Material Adverse
      Effect.

     

    9.20  Burdensome
      Obligations

     

    .
      No Loan
      Party is a party to any agreement or contract or subject to any restriction
      contained in its organizational documents which could reasonably be expected
      to
      have a Material Adverse Effect.

     

    9.21  Labor
      Matters

     

    .
      Except
      as set forth on Schedule
      9.21,
      no Loan
      Party is subject to any labor or collective bargaining agreement. There are
      no
      existing or threatened strikes, lockouts or other labor disputes involving
      any
      Loan Party that singly or in the aggregate could reasonably be expected to
      have
      a Material Adverse Effect. Hours worked by and payment made to employees of
      the
      Loan Parties are not in violation of the Fair Labor Standards Act or any other
      applicable law, rule or regulation dealing with such matters.

     

    9.22  No
      Default

     

    .
      No
      Event of Default or Unmatured Event of Default exists or would result from
      the
      incurrence by any Loan Party of any Debt hereunder or under any other Loan
      Document.

     

    
      	SECTION
              10.  	
              AFFIRMATIVE
                COVENANTS.

            

    

     

    Until
      the
      expiration or termination of the Commitments and thereafter until all
      Obligations hereunder and under the other Loan Documents are paid in full and
      all Letters of Credit have been terminated, the Company agrees that, unless
      at
      any time the Required Lenders shall otherwise expressly consent in writing,
      it
      will:

     

    10.1  Reports,
      Certificates and Other Information

     

    .
      Furnish
      to the Administrative Agent and each Lender:

     

    10.1.1  Annual
      Report.
      Promptly when available and in any event within 90 days after the close of
      each
      Fiscal Year: (a) a copy of the annual audit report of the Company and its
      Subsidiaries for such Fiscal Year, including therein consolidated

     

     

    
      
        
        

      

      
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balance
      sheets and statements of earnings and cash flows of the Company and its
      Subsidiaries as at the end of such Fiscal Year, certified without adverse
      reference to going concern value and without qualification by independent
      auditors of recognized standing selected by the Company and reasonably
      acceptable to the Administrative Agent, together with (i) a written statement
      from such accountants to the effect that in making the examination necessary
      for
      the signing of such annual audit report by such accountants, nothing came to
      their attention that caused them to believe that the Company was not in
      compliance with any provision of Sections 11.1, 11.3, 11.4
      or Section 11.12 of this Agreement insofar as such provision relates to
      accounting matters or, if something has come to their attention that caused
      them
      to believe that the Company was not in compliance with any such provision,
      describing such non-compliance in reasonable detail and (ii) a comparison with
      the budget for such Fiscal Year and a comparison with the previous Fiscal Year;
      and (b) a consolidating balance sheet of the Company and its Subsidiaries as
      of
      the end of such Fiscal Year and consolidating statement of earnings and cash
      flows for the Company and its Subsidiaries for such Fiscal Year, certified
      by a
      Senior Officer of the Company.

     

    10.1.2  Interim
      Reports.
      Promptly when available and in any event within 45 days after the end of each
      Fiscal Quarter, consolidated and consolidating balance sheets of the Company
      and
      its Subsidiaries as of the end of such Fiscal Quarter, together with
      consolidated and consolidating statements of earnings and cash flows for such
      Fiscal Quarter and for the period beginning with the first day of such Fiscal
      Year and ending on the last day of such Fiscal Quarter, together with a
      comparison with the corresponding period of the previous Fiscal Year and a
      comparison with the budget for such period of the current Fiscal Year, certified
      by a Senior Officer of the Company. 

     

    10.1.3  Compliance
      Certificates.
      Contemporaneously with the furnishing of a copy of each annual audit report
      pursuant to Section
      10.1.1
      and each
      set of quarterly statements pursuant to Section
      10.1.2,
      a duly
      completed compliance certificate in the form of Exhibit
      B,
      with
      appropriate insertions, dated the date of such annual report or such quarterly
      statements and signed by a Senior Officer of the Company, containing (i) a
      computation of each of the financial ratios and restrictions set forth in
Section
      11.12
      and to
      the effect that such officer has not become aware of any Event of Default or
      Unmatured Event of Default that has occurred and is continuing or, if there
      is
      any such event, describing it and the steps, if any, being taken to cure it
      and
      (ii) a written statement of the Company’s management setting forth a discussion
      of the Company’s financial condition, changes in financial condition and results
      of operations.

     

    10.1.4  Reports
      to the SEC and to Shareholders.
      Promptly upon the filing or sending thereof, copies of all regular, periodic
      or
      special reports of any Loan Party filed with the SEC; copies of all registration
      statements of any Loan Party filed with the SEC (other than on Form S-8); and
      copies of all proxy statements or other communications made to security holders
      generally.

     

    10.1.5  Notice
      of Default, Litigation and ERISA Matters.
      Promptly upon becoming aware of any of the following, written notice describing
      the same and the

     

     

    
      
        
        

      

      
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steps
      being taken by the Company or the Subsidiary affected thereby with respect
      thereto:

     

    (a)  the
      occurrence of an Event of Default or an Unmatured Event of Default;

     

    (b)  any
      litigation, arbitration or governmental investigation or proceeding not
      previously disclosed by the Company to the Lenders which has been instituted
      or,
      to the knowledge of the Company, is threatened against any Loan Party or to
      which any of the properties of any thereof is subject which might reasonably
      be
      expected to have a Material Adverse Effect;

     

    (c)  the
      institution of any steps by any member of the Controlled Group or any other
      Person to terminate any Pension Plan, or the failure of any member of the
      Controlled Group to make a required contribution to any Pension Plan (if such
      failure is sufficient to give rise to a Lien under Section 302(f) of ERISA)
      or
      to any Multiemployer Pension Plan, or the taking of any action with respect
      to a
      Pension Plan which could result in the requirement that the Company furnish
      a
      bond or other security to the PBGC or such Pension Plan, or the occurrence
      of
      any event with respect to any Pension Plan or Multiemployer Pension Plan which
      could result in the incurrence by any member of the Controlled Group of any
      material liability, fine or penalty (including any claim or demand for
      withdrawal liability or partial withdrawal from any Multiemployer Pension Plan),
      or any material increase in the contingent liability of the Company with respect
      to any post-retirement welfare benefit plan or other employee benefit plan
      of
      the Company or another member of the Controlled Group, or any notice that any
      Multiemployer Pension Plan is in reorganization, that increased contributions
      may be required to avoid a reduction in plan benefits or the imposition of
      an
      excise tax, that any such plan is or has been funded at a rate less than that
      required under Section 412 of the Code, that any such plan is or may be
      terminated, or that any such plan is or may become insolvent;

     

    (d)  any
      cancellation or material change in any insurance maintained by any Loan Party;
      or

     

    (e)  any
      other
      event (including (i) any violation of any Environmental Law or the assertion
      of
      any Environmental Claim or (ii) the enactment or effectiveness of any law,
      rule
      or regulation) which might reasonably be expected to have a Material Adverse
      Effect.

     

    10.1.6  Management
      Reports.
      Promptly upon receipt thereof, copies of all detailed financial and management
      reports submitted to the Company by independent auditors in connection with
      each
      annual or interim audit made by such auditors of the books of the
      Company.

     

    10.1.7  Projections.
      As soon
      as practicable, and in any event not later than 60 days following the
      commencement of each Fiscal Year, financial projections for the Company and
      its
      Subsidiaries for such Fiscal Year (including quarterly operating
      and

     

     

    
      
        
        

      

      
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cash
      flow budgets) prepared in a manner consistent with the projections delivered
      by
      the Company to the Lenders prior to the Closing Date or otherwise in a manner
      reasonably satisfactory to the Administrative Agent, accompanied by a
      certificate of a Senior Officer of the Company on behalf of the Company to
      the
      effect that (a) such projections were prepared by the Company in good faith,
      (b)
      the Company has a reasonable basis for the assumptions contained in such
      projections and (c) such projections have been prepared in accordance with
      such
      assumptions.

     

    10.1.8  Other
      Information.
      Promptly from time to time, such other information concerning the Loan Parties
      as any Lender or the Administrative Agent may reasonably request.

     

    10.2  Books,
      Records and Inspections

     

    .
      Keep,
      and cause each other Loan Party to keep, its books and records in accordance
      with sound business practices sufficient to allow the preparation of financial
      statements in accordance with GAAP; permit, and cause each other Loan Party
      to
      permit, any Lender or the Administrative Agent or any representative thereof
      to
      inspect the properties and operations of the Loan Parties; and permit, and
      cause
      each other Loan Party to permit, at any reasonable time, with reasonable notice,
      and without undue disruption to the Company’s or such other Loan Party’s
      business operation (or at any time without notice if an Event of Default or
      Unmatured Event of Default exists), any Lender or the Administrative Agent
      or
      any representative thereof to visit any or all of its offices, to discuss its
      financial matters with its officers and its independent auditors (and the
      Company hereby authorizes such independent auditors to discuss such financial
      matters with any Lender or the Administrative Agent or any representative
      thereof), and to examine (and, at the expense of the Loan Parties, photocopy
      extracts from) any of its books or other records; and permit, and cause each
      other Loan Party to permit, the Administrative Agent and its representatives
      to
      inspect the Inventory and other tangible assets of the Loan Parties, to perform
      appraisals of the equipment of the Loan Parties, and to inspect, audit, check
      and make copies of and extracts from the books, records, computer data, computer
      programs, journals, orders, receipts, correspondence and other Company data.
      All
      such inspections or audits by the Administrative Agent during the occurrence
      of
      any Event of Default or Unmatured Event of Default shall be at the Company’s
      expense. In the absence of any Event of Default or Unmatured Event of Default,
      the Company and the other Loan Parties only one such inspection or audit per
      calendar year shall be at the Company’s expense.

     

    10.3  Maintenance
      of Property; Insurance

     

    .
      Keep,
      and cause each other Loan Party to keep, all property useful and necessary
      in
      the business of the Loan Parties in good working order and condition, ordinary
      wear and tear excepted. The Company shall maintain, and cause each other Loan
      Party to maintain, with responsible insurance companies, such insurance coverage
      as may be required by any law or governmental regulation or court decree or
      order applicable to it and such other insurance, to such extent and against
      such
      hazards and liabilities, as is customarily maintained by companies similarly
      situated, but which shall insure against

     

     

    
      
        
        

      

      
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all
      risks and liabilities of the type identified on Schedule 9.16 and shall
      have insured amounts no less than, and deductibles no higher than, those set
      forth on such schedule; and, upon request of the Administrative Agent or any
      Lender, furnish to the Administrative Agent or such Lender a certificate setting
      forth in reasonable detail the nature and extent of all insurance maintained
      by
      the Loan Parties. The Company shall cause each issuer of an insurance policy
      to
      provide the Administrative Agent with a certificate (i) showing the
      Administrative agent as an additional insured with respect to each policy of
      liability insurance, (ii) providing that 30 days' notice will be given to the
      Administrative Agent prior to any cancellation of, material reduction or change
      in coverage provided by or other material modification to such policy and (iii)
      reasonably acceptable in all other respects to the Administrative
      Agent.

     

    10.4  Compliance
      with Laws; Payment of Taxes and Liabilities

     

    .
      Comply,
      and cause each other Loan Party to comply, in all material respects with all
      applicable laws, rules, regulations, decrees, orders, judgments, licenses and
      permits, except where failure to comply could not reasonably be expected to
      have
      a Material Adverse Effect, and cause each other Loan Party to ensure, that
      no
      person who owns a controlling interest in or otherwise controls a Loan Party
      is
      or shall be (i) listed on the Specially Designated Nationals and Blocked Person
      List maintained by the Office of Foreign Assets Control (“OFAC”),
      Department of the Treasury, and/or any other similar lists maintained by OFAC
      pursuant to any authorizing statute, Executive Order or regulation or (ii)
      a
      person designated under Section 1(b), (c) or (d) of Executive Order No. 13224
      (September 23, 2001), any related enabling legislation or any other similar
      Executive Orders, (c) without limiting clause
      (a)
      above,
      comply, and cause each other Loan Party to comply, with all applicable Bank
      Secrecy Act (“BSA”)
      and
      anti-money laundering laws and regulations and (d) pay, and cause each other
      Loan Party to pay, prior to delinquency, all taxes and other governmental
      charges against it, as well as claims of any kind which, if unpaid, could become
      a Lien on any of its property; provided
      that the
      foregoing shall not require any Loan Party to pay any such tax or charge so
      long
      as it shall contest the validity thereof in good faith by appropriate
      proceedings and shall set aside on its books adequate reserves with respect
      thereto in accordance with GAAP and, in the case of a claim which could become
      a
      lien on any Company assets or other Loan Party's assets, such contest
      proceedings shall stay the foreclosure of such lien or the sale of the portion
      of the collateral to satisfy such claim.

     

    10.5  Maintenance
      of Existence, etc

     

    .
      Maintain and preserve, and (subject to Section 11.4)
      cause
      each other Loan Party to maintain and preserve, (a) its existence and good
      standing in the jurisdiction of its organization and (b) its qualification
      to do
      business and good standing in each jurisdiction where the nature of its business
      makes such qualification necessary (other than such jurisdictions in which
      the
      failure to be qualified or in good standing could not reasonably be expected
      to
      have a Material Adverse Effect).

     

    10.6  Use
      of
      Proceeds

     

    
      
        
        

      

      
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    .
      Use the
      proceeds of the Loans, and the Letters of Credit, solely to refinance amounts
      outstanding under the Amended and Restated Loan and Security Agreement among
      the
      Loan Parties and LaSalle dated February 10, 2005, as amended from time to time
      for working capital purposes, and for Acquisitions permitted by Section
      11.4,
      for
      capital expenditures and for other general business purposes, and may use up
      to
      $10,000,000.00 of such proceeds per Fiscal Year to purchase or redeem its
      Capital Securities. The Company shall not use or permit any proceeds of any
      Loan
      to be used, either directly or indirectly, for the purpose, whether immediate,
      incidental or ultimate, of “purchasing or carrying” any Margin
      Stock.

     

    10.7  Employee
      Benefit Plans 

     

    (a)  Maintain,
      and cause each other member of the Controlled Group to maintain, each Pension
      Plan in substantial compliance with all applicable requirements of law and
      regulations.

     

    (b)  Make,
      and
      cause each other member of the Controlled Group to make, on a timely basis,
      all
      required contributions to any Multiemployer Pension Plan.

     

    (c)  Not,
      and
      not permit any other member of the Controlled Group to (i) seek a waiver of
      the
      minimum funding standards of ERISA, (ii) terminate or withdraw from any Pension
      Plan or Multiemployer Pension Plan or (iii) take any other action with respect
      to any Pension Plan that would reasonably be expected to entitle the PBGC to
      terminate, impose liability in respect of, or cause a trustee to be appointed
      to
      administer, any Pension Plan, unless the actions or events described in clauses
      (i), (ii) and (iii) individually or in the aggregate would not have a Material
      Adverse Effect.

     

    10.8  Environmental
      Matters

     

    .
      If any
      release or threatened release or other disposal of Hazardous Substances shall
      occur or shall have occurred on any real property or any other assets of any
      Loan Party, the Company shall, or shall cause the applicable Loan Party to,
      cause the prompt containment and removal of such Hazardous Substances and the
      remediation of such real property or other assets as necessary to comply with
      all Environmental Laws and to preserve the value of such real property or other
      assets. Without limiting the generality of the foregoing, the Company shall,
      and
      shall cause each other Loan Party to, comply with any Federal or state judicial
      or administrative order requiring the performance at any real property of any
      Loan Party of activities in response to the release or threatened release of
      a
      Hazardous Substance. To the extent that the transportation of Hazardous
      Substances is permitted by this Agreement, the Company shall, and shall cause
      its Subsidiaries to, dispose of such Hazardous Substances, or of any other
      wastes, only at licensed disposal facilities operating in compliance with
      Environmental Laws. 

     

    10.9  Further
      Assurances

     

    
      
        
        

      

      
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    .
      Take,
      and cause each other Loan Party to take, such actions as are necessary or as
      the
      Administrative Agent or the Required Lenders may reasonably request from time
      to
      time to ensure that the Obligations of each Loan Party under the Loan Documents
      are guaranteed by each domestic Subsidiary (including, upon the acquisition
      or
      creation thereof, any Subsidiary acquired or created after the Closing Date),
      in
      each case as the Administrative Agent may determine, including but, not matured
      to the execution and delivery of guaranties, joinder agreements and other
      documents.

     

    
      	SECTION
              11.  	
              NEGATIVE
                COVENANTS

            

    

     

    Until
      the
      expiration or termination of the Commitments and thereafter until all
      Obligations hereunder and under the other Loan Documents are paid in full and
      all Letters of Credit have been terminated, the Company agrees that, unless
      at
      any time the Required Lenders shall otherwise expressly consent in writing,
      it
      will:

     

    11.1  Debt

     

    .
      Not,
      and not permit any other Loan Party to, create, incur, assume or suffer to
      exist
      any Debt, except:

     

    (a)  Obligations
      under this Agreement and the other Loan Documents;

     

    (b)  Debt
      secured by Liens permitted by Section
      11.2(d),
      and
      extensions, renewals and refinancings thereof; provided
      that the
      aggregate amount of all such Debt at any time outstanding shall not exceed
      $1,000,000.00;

     

    (c)  Debt
      of
      the Company to any domestic Wholly-Owned Subsidiary or Debt of any domestic
      Wholly-Owned Subsidiary to the Company or another domestic Wholly-Owned
      Subsidiary; provided
      that
      such Debt shall be evidenced by a demand note in form and substance reasonably
      satisfactory to the Administrative Agent, and the obligations under such demand
      note shall be subordinated to the Obligations of the Company hereunder in a
      manner reasonably satisfactory to the Administrative Agent;

     

    (d)  Hedging
      Obligations incurred in favor of a Lender or an Affiliate thereof for bona
      fide
      hedging purposes and not for speculation;

     

    (e)  Debt
      described on Schedule
      11.1
      and any
      extension, renewal or refinancing thereof so long as the principal amount
      thereof is not increased;

     

    (f)  the
      Debt
      to be Repaid (so long as such Debt is repaid on the Closing Date with the
      proceeds of the initial Loans hereunder);

     

    (g)  Contingent
      Liabilities arising with respect to customary indemnification obligations in
      favor of sellers in connection with Acquisitions permitted under Section
      11.4
      and
      purchasers in connection with dispositions permitted under Section
      11.4;
      and

     

    
      
        
        

      

      
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    (h)  
      Debt
      assumed or issued in connection with Acquisitions permitted under Section
      11.4,
      so long
      as such Debt would not cause a violation of the maximum aggregate debt covenant
      set forth in Section
      11.4(c)(iii)(C).

     

    11.2  Liens

     

    .
      Not,
      and not permit any other Loan Party to, create or permit to exist any Lien
      on
      any of its real or personal properties, assets or rights of whatsoever nature
      (whether now owned or hereafter acquired), except:

     

    (a)  Liens
      for
      taxes or other governmental charges not at the time delinquent or thereafter
      payable without penalty or being contested in good faith by appropriate
      proceedings and, in each case, for which it maintains adequate
      reserves;

     

    (b)  Liens
      arising in the ordinary course of business (such as (i) Liens of carriers,
      warehousemen, mechanics and materialmen and other similar Liens imposed by
      law
      and (ii) Liens in the form of deposits or pledges incurred in connection with
      worker’s compensation, unemployment compensation and other types of social
      security (excluding Liens arising under ERISA) or in connection with surety
      bonds, bids, performance bonds and similar obligations) for sums not overdue
      or
      being contested in good faith by appropriate proceedings and not involving
      any
      advances or borrowed money or the deferred purchase price of property or
      services and, in each case, for which it maintains adequate
      reserves;

     

    (c)  Liens
      described on Schedule
      11.2
      as of
      the Closing Date;

     

    (d)  subject
      to the limitation set forth in Section
      11.1(b),
      (i)
      Liens arising in connection with Capital Leases (and attaching only to the
      property being leased), (ii) Liens existing on property at the time of the
      acquisition thereof by any Loan Party (and not created in contemplation of
      such
      acquisition) and (iii) Liens that constitute purchase money security interests
      on any property securing debt incurred for the purpose of financing all or
      any
      part of the cost of acquiring such property, provided
      that any
      such Lien attaches to such property within 20 days of the acquisition thereof
      and attaches solely to the property so acquired;

     

    (e)  attachments,
      appeal bonds, judgments and other similar Liens arising in connection with
      court
      proceedings, provided
      the
      execution or other enforcement of such Liens is effectively stayed and the
      claims secured thereby are being actively contested in good faith and by
      appropriate proceedings;

     

    (f)  easements,
      rights of way, restrictions, minor defects or irregularities in title and other
      similar Liens not interfering in any material respect with the ordinary conduct
      of the business of any Loan Party; 

     

    (g)  Any
      Liens
      arising under the Loan Documents; and

     

    (h)  the
      replacement, extension or renewal of any Lien permitted by clause
      (c)
      above
      upon or in the same property subject thereto arising out of the

     

     

    
      
        
        

      

      
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extension,
      renewal or replacement of the Debt secured thereby (without increase in the
      amount thereof).

     

    11.3  Restricted
      Payments

     

    .
      Not,
      and not permit any other Loan Party to, (a) make any distribution to any holders
      of its Capital Securities, (b) pay any management fees or similar fees to any
      of
      its equityholders or any Affiliate thereof, or (c) make any redemption,
      prepayment, defeasance, repurchase or any other payment in respect of any debt
      subordinated to Lenders or set aside funds for any of the foregoing.
      Notwithstanding the foregoing, (i) any Subsidiary may pay dividends or make
      other distributions to the Company or to a domestic Wholly-Owned Subsidiary;
      and
      (ii) so long as no Event of Default or Unmatured Event of Default exists or
      would result therefrom, the Company may make such restricted payments in an
      amount up to $10,000,000.00 per Fiscal Year plus 50% of the quarterly
      Consolidated Net Income (adjusted for non-cash stock compensation expense)
      for
      such Fiscal Year plus 50% of the Net Cash Proceeds received during such Fiscal
      Year with respect to any issuance of Capital Securities. 

     

    11.4  Mergers,
      Consolidations, Sales

     

    .
      Not,
      and not permit any other Loan Party to, (a) be a party to any merger or
      consolidation, or purchase or otherwise acquire all or substantially all of
      the
      assets or any Capital Securities of any class of, or any partnership or joint
      venture interest in, any other Person, (b) sell, transfer, convey or lease
      all
      or any substantial part of its assets or Capital Securities (including the
      sale
      of Capital Securities of any Subsidiary) except for sales of inventory in the
      ordinary course of business, or (c) sell or assign with or without recourse
      any
      receivables, except for (i) any such merger, consolidation, sale, transfer,
      conveyance, lease or assignment of or by any Wholly-Owned Subsidiary into the
      Company or into any other domestic Wholly-Owned Subsidiary; (ii) any such
      purchase or other acquisition by the Company or any domestic Wholly-Owned
      Subsidiary of the assets or Capital Securities of any Wholly-Owned Subsidiary;
      and (iii) any Acquisition by the Company or any domestic Wholly-Owned Subsidiary
      where:

     

    (A)
      the
      business or division acquired is in the consulting or professional service
      business;

     

    (B)
      immediately before and after giving effect to such Acquisition, no Event of
      Default or Unmatured Event of Default shall exist;

     

    (C)
      the
      aggregate debt utilized by the Loan Parties (including any Debt assumed or
      issued in connection therewith, the amount thereof to be calculated in
      accordance with GAAP) in connection with such Acquisition (or any series of
      related Acquisitions) is less than $30,000,000.00;

     

    (D) immediately
      after giving effect to such Acquisition, the Company is in pro forma compliance
      with all the financial ratios and restrictions set forth in Section
      11.12;

     

    
      
        
        

      

      
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    (E)
      in
      the case of the Acquisition of any Person, the board of directors or similar
      governing body of such Person has approved such Acquisition;

     

    (F)
      reasonably prior to such Acquisition, the Administrative Agent shall have
      received complete executed or conformed copies of each material document,
      instrument and agreement to be executed in connection with such Acquisition
      together with all lien search reports and lien release letters and other
      documents as the Administrative Agent may reasonably require to evidence the
      termination of Liens on the assets or business to be acquired;

     

    (G)
      not
      less than ten Business Days prior to such Acquisition, the Administrative Agent
      shall have received an acquisition summary with respect to the Person and/or
      business or division to be acquired, such summary to include a reasonably
      detailed description thereof (including financial information) and operating
      results (including financial statements for the most recent 12 month period
      for
      which they are available and as otherwise available), the terms and conditions,
      including economic terms, of the proposed Acquisition, and the Company’s
      calculation of pro forma EBITDA relating thereto;

     

    (H)
      the
      Administrative Agent shall have approved the Company’s computation of pro forma
      EBITDA, which approval shall not be unreasonably withheld or
      delayed;

     

    (I)
      simultaneously with the closing of such Acquisition, the target company (if
      such
      Acquisition is structured as a purchase of equity) or the Loan Party (if such
      Acquisition is structured as a purchase of assets or a merger and a Loan Party
      is the surviving entity) executes and delivers to Administrative Agent an
      unlimited Guaranty of the Obligations, or at the option of Administrative Agent
      in Administrative Agent's absolute discretion, a joinder agreement satisfactory
      to Administrative Agent in which such target company or surviving company,
      and
      their respective Subsidiaries becomes a borrower under this Agreement and
      assumes primary, joint and several liability for the Obligations;
      and

     

    (J)
      if
      the Acquisition is structured as a merger, the Company is the surviving
      entity.

     

    11.5  Modification
      of Organizational Documents

     

    .
      Not
      permit the charter, by-laws or other organizational documents of any Loan Party
      to be amended or modified in any way which could reasonably be expected to
      materially adversely affect the interests of the Lenders; not change, or allow
      any Loan Party to change, its state of formation or its organizational
      form.

     

    11.6  Transactions
      with Affiliates

     

    .
      Not,
      and not permit any other Loan Party to, enter into, or cause, suffer or permit
      to exist any transaction, arrangement or contract with any of its other
      Affiliates (other than the Loan Parties) which is on terms which are less
      favorable than are obtainable from

     

     

    
      
        
        

      

      
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any
      Person which is not one of its Affiliates; provided, however, that nothing
      set
      forth in this Section 11.6 or elsewhere in this Agreement or the exhibits
      hereto shall prevent any Loan Party from providing indemnification or otherwise
      to another Loan Party.

     

    11.7  Unconditional
      Purchase Obligations

     

    .
      Not,
      and not permit any other Loan Party to, enter into or be a party to any contract
      for the purchase of materials, supplies or other property or services if such
      contract requires that payment be made by it regardless of whether delivery
      is
      ever made of such materials, supplies or other property or
      services.

     

    11.8  Inconsistent
      Agreements

     

    .
      Not,
      and not permit any other Loan Party to, enter into any agreement containing
      any
      provision which would (a) be violated or breached by any borrowing by the
      Company hereunder or by the performance by any Loan Party of any of its
      Obligations hereunder or under any other Loan Document in any material respect,
      (b) prohibit any Loan Party from granting to the Administrative Agent and the
      Lenders a Lien on any of its assets, or (c) create or permit to exist or become
      effective any encumbrance or restriction on the ability of any Subsidiary to
      (i)
      pay dividends or make other distributions to the Company or any other
      Subsidiary, or pay any Debt owed to the Company or any other Subsidiary, (ii)
      make loans or advances to any Loan Party or (iii) transfer any of its assets
      or
      properties to any Loan Party, other than (A) customary restrictions and
      conditions contained in agreements relating to the sale of all or a substantial
      part of the assets of any Subsidiary pending such sale, provided
      that
      such restrictions and conditions apply only to the Subsidiary to be sold and
      such sale is permitted hereunder, (B) restrictions or conditions imposed by
      any agreement relating to purchase money Debt, Capital Leases and other secured
      Debt permitted by this Agreement if such restrictions or conditions apply only
      to the property or assets securing such Debt, and (C) customary provisions
      in leases and other contracts restricting the assignment thereof.

     

    11.9  Business
      Activities; Issuance of Equity

     

    .
      Not,
      and not permit any other Loan Party to, engage in any line of business other
      than the businesses engaged in on the date hereof and businesses reasonably
      related thereto. Not permit any other Loan Party to issue any Capital Securities
      other than (a) any issuance of shares of the Company’s common Capital Securities
      pursuant to any employee or director option program, benefit plan or
      compensation program or (b) any issuance by a Subsidiary to the Company or
      another Subsidiary in accordance with Section
      11.4.

     

    11.10  Investments

     

    .
      Not,
      and not permit any other Loan Party to, make or permit to exist any Investment
      in any other Person, except the following:

     

    (a)  contributions
      by the Company to the capital of any Wholly-Owned Subsidiary, or by any
      Subsidiary to the capital of any other domestic Wholly-

     

     

    
      
        
        

      

      
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Owned
      Subsidiary, so long as the recipient of any such capital contribution has
      guaranteed the Obligations;

     

    (b)  Investments
      constituting Debt permitted by Section
      11.1;

     

    (c)  Contingent
      Liabilities constituting Debt permitted by Section
      11.1
      or Liens
      permitted by Section
      11.2;

     

    (d)  Cash
      Equivalent Investments;

     

    (e)  bank
      deposits in the ordinary course of business;

     

    (f)  Investments
      in securities of Account Debtors received pursuant to any plan of reorganization
      or similar arrangement upon the bankruptcy or insolvency of such account
      debtors;

     

    (g)  Investments
      to consummate Acquisitions permitted by Section
      11.4;
      

     

    (h)  Investments
      listed on Schedule
      11.11
      as of
      the Closing Date; and

     

    (i)  AAA-Rated
      money market mutual funds:

     

    (i)  Obligations
      issued by the U.S. Treasury such as Treasury Bills, Treasury Notes and/or
      Treasury Bond;

     

    (ii)  Obligations
      issued by a U.S. Government Agency or Government Sponsored Entity (GSE) (i.e.,
      Federal Home Loan Bank, Federal Farm Credit Bank, Fannie Mae,
      etc.);

     

    (iii)  Obligations
      of major corporations and bank holding companies and limited to:

     

    1.
      Commercial paper with an A1, P1 rating or better

    2.
      Corporate Notes with an A2 by Moody's, A by S&P or better

    3.
      Corporate Bonds with an A2 by Moody's, A by S&P or better

    4.
      Medium-Term-Notes with an A2 by Moody's, A by S&P or better;

    

    (iv)  Negotiable
      Certificates of Deposit, Time Deposits, Bankers Acceptance of banks with a
      network in excess of $500m and a rating from at least two nationally recognized
      rating agencies of at least a single A on the S&P scale;

     

    (v)  Taxable
      and/or tax exempt municipal securities, which also includes variable rate demand
      notes (VRDNs) and auction rate securities, taxable and tax-free with a AAA
      (long-term) rating by Moody's, S&P and/or Fitch, or short-term rating of
      MIG1/VMIG1 by Moody's and SP1 by S&P;

     

    
      
        
        

      

      
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    (vi)  Repurchase
      agreements fully collateralized by U.S. government and/or Federal Agency
      securities with a maximum maturity of seven days. The market value of the
      collateral securities, when marked to market daily, must be equal to or greater
      than 102% of the face value of the agreement; and

     

    (vii)  Reasonable
      loans and advances by the Company to its current and prospective employees
      in
      the ordinary course of its business, including, without limitation, payments
      to
      current and prospective employees in connection with travel, business
      entertainment and releases from existing non-compete agreements, provided that
      such loans and advances shall not exceed an aggregate of Five Hundred Thousand
      Dollars ($500,000.00) in any calendar year.

     

    provided
      that (x)
      any Investment which when made complies with the requirements of the definition
      of the term “Cash
      Equivalent Investment”
may
      continue to be held notwithstanding that such Investment if made thereafter
      would not comply with such requirements; (y) no Investment otherwise permitted
      by clause (b),
      (c),
      or
(g)
      shall be
      permitted to be made if, immediately before or after giving effect thereto,
      any
      Event of Default or Unmatured Event of Default exists.

     

    11.11  Fiscal
      Year

     

    .
      Not
      change its Fiscal Year.

     

    11.12  Financial
      Covenants

     

    11.12.1  Interest
      Coverage Ratio.
      Not
      permit the Interest Coverage Ratio as of the last day of any Fiscal Quarter
      for
      the Computation Period ending on such day (with EBITDA measured on a trailing
      twelve month basis) to be less than 3.00 to 1.00. 

     

    11.12.2  Total
      Debt to EBITDA Ratio.
      Not
      permit the Total Debt to EBITDA Ratio as of the last day of any Fiscal Quarter
      for the Computation Period ending on such day (with EBITDA measured on a
      trailing twelve month basis and to be adjusted for Acquisitions permitted under
      Section 11.4 (pro forma)) to exceed 3.00 to 1.00 for such Fiscal
      Quarter.

     

    11.12.3  Minimum
      Net Worth.
      Not
      permit the Net Worth of the Company and its Subsidiaries as of the last day
      of
      any Fiscal Quarter to be an amount less than 85% of the Net Worth as of December
      31, 2005, plus an amount equal to (i) 50% of positive Consolidated Net Income
      thereafter, and (ii) 50% of Net Cash Proceeds with respect to the issuance
      of
      Capital Securities thereafter.

     

    
      	SECTION
              12.  	
              EFFECTIVENESS;
                CONDITIONS OF LENDING, ETC.

            

    

     

    The
      obligation of each Lender to make its Loans and of the Issuing Lender to issue
      Letters of Credit is subject to the following conditions precedent:

     

    
      
        
        

      

      
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    12.1  Initial
      Credit Extension

     

    .
      The
      obligation of the Lenders to make the initial Loans and the obligation of the
      Issuing Lender to issue its initial Letter of Credit (whichever first occurs)
      is, in addition to the conditions precedent specified in Section
      12.2,
      subject
      to the conditions precedent that (a) all Debt to be Repaid has been (or
      concurrently with the initial borrowing will be) paid in full, and that all
      agreements and instruments governing the Debt to be Repaid and that all Liens
      securing such Debt to be Repaid have been (or concurrently with the initial
      borrowing will be) terminated and (b) the Administrative Agent shall have
      received all of the following, each duly executed and dated the Closing Date
      (or
      such earlier date as shall be satisfactory to the Administrative Agent), in
      form
      and substance satisfactory to the Administrative Agent (and the date on which
      all such conditions precedent have been satisfied or waived in writing by the
      Administrative Agent and the Lenders is called the “Closing
      Date”):

     

    12.1.1  Notes.
      A Note
      for each Lender.

     

    12.1.2  Authorization
      Documents.
      For
      each Loan Party, such Person’s (a) charter (or similar formation document),
      certified by the appropriate governmental authority; (b) good standing
      certificates in its state of incorporation (or formation) and in each other
      state requested by the Administrative Agent; (c) bylaws (or similar governing
      document); (d) resolutions of its board of directors (or similar governing
      body)
      approving and authorizing such Person’s execution, delivery and performance of
      the Loan Documents to which it is party and the transactions contemplated
      thereby; and (e) signature and incumbency certificates of its officers executing
      any of the Loan Documents (it being understood that the Administrative Agent
      and
      each Lender may conclusively rely on each such certificate until formally
      advised by a like certificate of any changes therein), all certified by its
      secretary or an assistant secretary (or similar officer) as being in full force
      and effect without modification.

     

    12.1.3  Consents,
      etc.
      Certified copies of all documents evidencing any necessary corporate or
      partnership action, consents and governmental approvals (if any) required for
      the execution, delivery and performance by the Loan Parties of the documents
      referred to in this Section 12.

     

    12.1.4  Letter
      of Direction.
      A
      letter of direction containing funds flow information with respect to the
      proceeds of the Loans on the Closing Date.

     

    12.1.5  Guaranty
      Agreement.
      A
      counterpart of the Guaranty Agreement executed by each Loan Party, together
      with
      all instruments, transfer powers and other items required to be delivered in
      connection therewith.

     

    12.1.6  Opinions
      of Counsel.
      Opinions of counsel for each Loan Party, including local counsel reasonably
      requested by the Administrative Agent.

     

    12.1.7  Insurance.
      Evidence of the existence of insurance required to be maintained pursuant to
      Section
      10.3,
      together with evidence that the Administrative Agent has been named as an
      additional insured on all related insurance policies.

     

    
      
        
        

      

      
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    12.1.8  Payment
      of Fees.
      Evidence of payment by the Company of all accrued and unpaid fees, costs and
      expenses to the extent then due and payable on the Closing Date, together with
      all Attorney Costs of the Administrative Agent to the extent invoiced prior
      to
      the Closing Date, plus
      such
      additional amounts of Attorney Costs as shall constitute the Administrative
      Agent’s reasonable estimate of Attorney Costs incurred or to be incurred by the
      Administrative Agent through the closing proceedings (provided
      that
      such estimate shall not thereafter preclude final settling of accounts between
      the Company and the Administrative Agent).

     

    12.1.9  Search
      Results; Lien Terminations.
      Certified copies of Uniform Commercial Code search reports dated a date
      reasonably near to the Closing Date, listing all effective financing statements
      which name any Loan Party (under their present names and any previous names)
      as
      debtors, together with (a) copies of such financing statements, (b) payoff
      letters evidencing repayment in full of all Debt to be Repaid, the termination
      of all agreements relating thereto and the release of all Liens granted in
      connection therewith, with Uniform Commercial Code or other appropriate
      termination statements and documents effective to evidence the foregoing (other
      than Liens permitted by Section
      11.2)
      and (c)
      such other Uniform Commercial Code termination statements as the Administrative
      Agent may reasonably request.

     

    12.1.10  Closing
      Certificate, Consents and Permits.
      A
      certificate executed by an officer of the Company on behalf of the Company
      certifying the matters set forth in Section
      12.2.1
      as of
      the Closing Date.

     

    12.1.11  Other.
      Such
      other documents as the Administrative Agent or any Lender may reasonably
      request.

     

    12.2  Conditions

     

    .
      The
      obligation (a) of each Lender to make each Loan, and (b) of the Issuing
      Lender to issue each Letter of Credit is subject to the following further
      conditions precedent that:

     

    12.2.1  Compliance
      with Warranties, No Default, etc.
      Both
      before and after giving effect to any borrowing and the issuance of any Letter
      of Credit, the following statements shall be true and correct:

     

    (a)  the
      representations and warranties of each Loan Party set forth in this Agreement
      and the other Loan Documents shall be true and correct in all material respects
      with the same effect as if then made (except to the extent stated to relate
      to a
      specific earlier date, in which case such representations and warranties shall
      be true and correct as of such earlier date); and 

     

    (b)  no
      Event
      of Default or Unmatured Event of Default shall have then occurred and be
      continuing.

     

    12.2.2  Confirmatory
      Certificate.
      If
      requested by the Administrative Agent or any Lender, the Administrative Agent
      shall have received (in sufficient counterparts to provide one to each
      Lender) a certificate dated the date of such requested Loan or

     

     

    
      
        
        

      

      
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Letter
      of Credit and signed by a duly authorized representative of the Company as
      to
      the matters set out in Section 12.2.1 (it being understood that each
      request by the Company for the making of a Loan or the issuance of a Letter
      of
      Credit shall be deemed to constitute a representation and warranty by the
      Company that the conditions precedent set forth in Section 12.2.1 will be
      satisfied at the time of the making of such Loan or the issuance of such Letter
      of Credit), together with such other documents as the Administrative Agent
      or
      any Lender may reasonably request in support thereof.

     

    
      	SECTION
              13.  	
              EVENTS
                OF DEFAULT AND THEIR EFFECT.

            

    

     

    13.1  Events
      of Default

     

    .
      Each of
      the following shall constitute an Event of Default under this
      Agreement:

     

    13.1.1  Non-Payment
      of the Loans, etc.
      Default
      in the payment when due of the principal of any Loan; or default, and
      continuance thereof for five days, in the payment when due of any interest,
      fee,
      reimbursement obligation with respect to any Letter of Credit or other amount
      payable by the Company hereunder or under any other Loan Document.

     

    13.1.2  Default
      under Other Agreements.
      Any
      default in the payment of principal, interest or any other sum for any other
      obligation beyond any period of grace provided with respect thereto or in the
      performance of any other term, condition or covenant contained in any agreement
      (including, but not limited to any capital or operating lease or any agreement
      in connection with the deferred purchase price of property or any other
      agreement with any Lenders) under which any such obligation is created, the
      effect of which default is to cause or permit the holder of such obligation
      (or
      the other party to such other agreement) to cause such obligation to become
      due
      prior to its stated maturity or terminate such other agreement, except where
      the
      amount of any such obligation(s), either singly or in the aggregate when
      combined with such obligations resulting from other defaults of any Loan Party
      (whether related or unrelated), is less than Three Million Dollars
      ($3,000,000.00).

     

    13.1.3  Bankruptcy,
      Insolvency, etc.
      Any Loan
      Party becomes insolvent or generally fails to pay, or admits in writing its
      inability or refusal to pay, debts as they become due; or any Loan Party applies
      for, consents to, or acquiesces in the appointment of a trustee, receiver or
      other custodian for such Loan Party or any property thereof, or makes a general
      assignment for the benefit of creditors; or, in the absence of such application,
      consent or acquiescence, a trustee, receiver or other custodian is appointed
      for
      any Loan Party or for a substantial part of the property of any thereof and
      is
      not discharged within 60 days; or any bankruptcy, reorganization, debt
      arrangement, or other case or proceeding under any bankruptcy or insolvency
      law,
      or any dissolution or liquidation proceeding, is commenced in respect of any
      Loan Party, and if such case or proceeding is not commenced by such Loan Party,
      it is consented to or acquiesced in by such Loan Party, or remains for 60 days
      undismissed; or any Loan Party takes any action to authorize, or in furtherance
      of, any of the foregoing.

     

    
      
        
        

      

      
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    13.1.4  Non-Compliance
      with Loan Documents.
      (a)
      Failure by any Loan Party to comply with or to perform any covenant set forth
      in
Sections
      10.1.5, 10.3
      or
10.5
      or
Section
      11;
      (b)
      failure by any Loan Party to comply with or perform any covenant set forth
      in
Sections
      10.1.1, 10.1.2 and 10.1.3
      and
      continuance of such failure described in this clause
      (b)
      for 15
      days or (c) failure by any Loan Party to comply with or to perform any
      other provision of this Agreement or any other Loan Document (and not
      constituting an Event of Default under any other provision of this Section
      13)
      and
      continuance of such failure described in this clause
      (c)
      for 30
      days.

     

    13.1.5  Representations;
      Warranties.
      Any
      representation or warranty made by any Loan Party herein or any other Loan
      Document is breached or is false or misleading in any material respect, or
      any
      schedule, certificate, financial statement, report, notice or other writing
      furnished by any Loan Party to the Administrative Agent or any Lender in
      connection herewith is false or misleading in any material respect on the date
      as of which the facts therein set forth are stated or certified.

     

    13.1.6  Invalidity
      of Guaranty Documents, etc.
      Any
      Guaranty Document shall cease to be in full force and effect; or any Loan Party
      (or any Person by, through or on behalf of any Loan Party) shall contest in
      any
      manner the validity, binding nature or enforceability of any Guaranty
      Document.

     

    13.1.7  Change
      of Control.
      A
      Change of Control shall occur. 

     

    13.2  Effect
      of Event of Default

     

    .
      If any
      Event of Default described in Section
      13.1.3
      shall
      occur in respect of the Company, the Commitments shall immediately terminate
      and
      the Loans and all other Obligations hereunder shall become immediately due
      and
      payable and the Company shall become immediately obligated to Cash Collateralize
      all Letters of Credit, all without presentment, demand, protest or notice of
      any
      kind; and, if any other Event of Default shall occur and be continuing, the
      Administrative Agent may (and, upon the written request of the Required Lenders
      shall) declare the Commitments to be terminated in whole or in part and/or
      declare all or any part of the Loans and all other Obligations hereunder to
      be
      due and payable and/or demand that the Company immediately Cash Collateralize
      all or any Letters of Credit, whereupon the Commitments shall immediately
      terminate (or be reduced, as applicable) and/or the Loans and other Obligations
      hereunder shall become immediately due and payable (in whole or in part, as
      applicable) and/or the Company shall immediately become obligated to Cash
      Collateralize the Letters of Credit (all or any, as applicable), all without
      presentment, demand, protest or notice of any kind. The Administrative Agent
      shall promptly advise the Company of any such declaration, but failure to do
      so
      shall not impair the effect of such declaration. Any cash collateral delivered
      hereunder shall be held by the Administrative Agent (without liability for
      interest thereon) and applied to the Obligations arising in connection with
      any
      drawing under a Letter of Credit. After the expiration or termination of all
      Letters of Credit, such cash collateral shall be applied by the Administrative
      Agent to any remaining Obligations hereunder and any excess shall be delivered
      to the Company or as a court of competent jurisdiction may elect.

     

    
      
        
        

      

      
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      	SECTION
              14.  	
              THE
                AGENT.

            

    

     

    14.1  Appointment
      and Authorization

     

    .
      Each
      Lender hereby irrevocably (subject to Section
      14.10)
      appoints, designates and authorizes the Administrative Agent to take such action
      on its behalf under the provisions of this Agreement and each other Loan
      Document and to exercise such powers and perform such duties as are expressly
      delegated to it by the terms of this Agreement or any other Loan Document,
      together with such powers as are reasonably incidental thereto. Notwithstanding
      any provision to the contrary contained elsewhere in this Agreement or in any
      other Loan Document, the Administrative Agent shall not have any duty or
      responsibility except those expressly set forth herein, nor shall the
      Administrative Agent have or be deemed to have any fiduciary relationship with
      any Lender or participant, and no implied covenants, functions,
      responsibilities, duties, obligations or liabilities shall be read into this
      Agreement or any other Loan Document or otherwise exist against the
      Administrative Agent. Without limiting the generality of the foregoing sentence,
      the use of the term “agent” herein and in other Loan Documents with reference to
      the Administrative Agent is not intended to connote any fiduciary or other
      implied (or express) obligations arising under agency doctrine of any applicable
      law. Instead, such term is used merely as a matter of market custom, and is
      intended to create or reflect only an administrative relationship between
      independent contracting parties.

     

    14.2  Issuing
      Lender

     

    .
      The
      Issuing Lender shall act on behalf of the Lenders (according to their Pro Rata
      Shares) with respect to any Letters of Credit issued by it and the documents
      associated therewith. The Issuing Lender shall have all of the benefits and
      immunities (a) provided to the Administrative Agent in this Section
      14
      with
      respect to any acts taken or omissions suffered by the Issuing Lender in
      connection with Letters of Credit issued by it or proposed to be issued by
      it
      and the applications and agreements for letters of credit pertaining to such
      Letters of Credit as fully as if the term “Administrative Agent”, as used in
      this Section
      14,
      included the Issuing Lender with respect to such acts or omissions and (b)
      as
      additionally provided in this Agreement with respect to the Issuing
      Lender.

     

    14.3  Delegation
      of Duties

     

    .
      The
      Administrative Agent may execute any of its duties under this Agreement or
      any
      other Loan Document by or through agents, employees or attorneys-in-fact and
      shall be entitled to advice of counsel and other consultants or experts
      concerning all matters pertaining to such duties. The Administrative Agent
      shall
      not be responsible for the negligence or misconduct of any agent or
      attorney-in-fact that it selects in the absence of gross negligence or willful
      misconduct.

     

    14.4  Exculpation
      of Administrative Agent

     

    .
      None of
      the Administrative Agent nor any of its directors, officers, employees or agents
      shall (a) be liable for any action taken or omitted to be taken by any of
      them

     

     

    
      
        
        

      

      
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under
      or in connection with this Agreement or any other Loan Document or the
      transactions contemplated hereby (except to the extent resulting from its own
      gross negligence or willful misconduct in connection with its duties expressly
      set forth herein as determined by a final, nonappealable judgment by a court
      of
      competent jurisdiction), or (b) be responsible in any manner to any Lender
      or
      participant for any recital, statement, representation or warranty made by
      any
      Loan Party or Affiliate of the Company, or any officer thereof, contained in
      this Agreement or in any other Loan Document, or in any certificate, report,
      statement or other document referred to or provided for in, or received by
      the
      Administrative Agent under or in connection with, this Agreement or any other
      Loan Document, or the validity, effectiveness, genuineness, enforceability
      or
      sufficiency of this Agreement or any other Loan Document, or for any failure
      of
      the Company or any other party to any Loan Document to perform its Obligations
      hereunder or thereunder. The Administrative Agent shall not be under any
      obligation to any Lender to ascertain or to inquire as to the observance or
      performance of any of the agreements contained in, or conditions of, this
      Agreement or any other Loan Document, or to inspect the properties, books or
      records of the Company or any of the Company’s Subsidiaries or
      Affiliates.

     

    14.5  Reliance
      by Administrative Agent

     

    .
      The
      Administrative Agent shall be entitled to rely, and shall be fully protected
      in
      relying, upon any writing, communication, signature, resolution, representation,
      notice, consent, certificate, electronic mail message, affidavit, letter,
      telegram, facsimile, telex or telephone message, statement or other document
      or
      conversation reasonably believed by it to be genuine and correct and to have
      been signed, sent or made by the proper Person or Persons, and upon advice
      and
      statements of legal counsel (including counsel to the Company), independent
      accountants and other experts selected by the Administrative Agent. The
      Administrative Agent shall be fully justified in failing or refusing to take
      any
      action under this Agreement or any other Loan Document unless it shall first
      receive such advice or concurrence of the Required Lenders as it deems
      appropriate and, if it so requests, confirmation from the Lenders of their
      obligation to indemnify the Administrative Agent against any and all liability
      and expense which may be incurred by it by reason of taking or continuing to
      take any such action. The Administrative Agent shall in all cases be fully
      protected in acting, or in refraining from acting, under this Agreement or
      any
      other Loan Document in accordance with a request or consent of the Required
      Lenders and such request and any action taken or failure to act pursuant thereto
      shall be binding upon each Lender. For purposes of determining compliance with
      the conditions specified in Section 12,
      each
      Lender that has signed this Agreement shall be deemed to have consented to,
      approved or accepted or to be satisfied with, each document or other matter
      required thereunder to be consented to or approved by or acceptable or
      satisfactory to a Lender unless the Administrative Agent shall have received
      written notice from such Lender prior to the proposed Closing Date specifying
      its objection thereto.

     

    14.6  Notice
      of Default

     

    
      
        
        

      

      
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    .
      The
      Administrative Agent shall not be deemed to have knowledge or notice of the
      occurrence of any Event of Default or Unmatured Event of Default except with
      respect to defaults in the payment of principal, interest and fees required
      to
      be paid to the Administrative Agent for the account of the Lenders, unless
      the
      Administrative Agent shall have received written notice from a Lender or the
      Company referring to this Agreement, describing such Event of Default or
      Unmatured Event of Default and stating that such notice is a “notice of
      default”. The Administrative Agent will notify the Lenders of its receipt of any
      such notice. The Administrative Agent shall take such action with respect to
      such Event of Default or Unmatured Event of Default as may be requested by
      the
      Required Lenders in accordance with Section
      13;
      provided
      that
      unless and until the Administrative Agent has received any such request, the
      Administrative Agent may (but shall not be obligated to) take such action,
      or
      refrain from taking such action, with respect to such Event of Default or
      Unmatured Event of Default as it shall deem advisable or in the best interest
      of
      the Lenders.

     

    14.7  Credit
      Decision

     

    .
      Each
      Lender acknowledges that the Administrative Agent has not made any
      representation or warranty to it, and that no act by the Administrative Agent
      hereafter taken, including any consent and acceptance of any assignment or
      review of the affairs of the Loan Parties, shall be deemed to constitute any
      representation or warranty by the Administrative Agent to any Lender as to
      any
      matter, including whether the Administrative Agent has disclosed material
      information in its possession. Each Lender represents to the Administrative
      Agent that it has, independently and without reliance upon the Administrative
      Agent and based on such documents and information as it has deemed appropriate,
      made its own appraisal of and investigation into the business, prospects,
      operations, property, financial and other condition and creditworthiness of
      the
      Loan Parties, and made its own decision to enter into this Agreement and to
      extend credit to the Company hereunder. Each Lender also represents that it
      will, independently and without reliance upon the Administrative Agent and
      based
      on such documents and information as it shall deem appropriate at the time,
      continue to make its own credit analysis, appraisals and decisions in taking
      or
      not taking action under this Agreement and the other Loan Documents, and to
      make
      such investigations as it deems necessary to inform itself as to the business,
      prospects, operations, property, financial and other condition and
      creditworthiness of the Company. Except for notices, reports and other documents
      expressly herein required to be furnished to the Lenders by the Administrative
      Agent, the Administrative Agent shall not have any duty or responsibility to
      provide any Lender with any credit or other information concerning the business,
      prospects, operations, property, financial or other condition or
      creditworthiness of the Company which may come into the possession of the
      Administrative Agent.

     

    14.8  Indemnification

     

    .
      Whether
      or not the transactions contemplated hereby are consummated, each Lender shall
      indemnify upon demand the Administrative Agent and its directors, officers,
      employees and agents (to the extent not reimbursed by or on behalf of the
      Company

     

     

    
      
        
        

      

      
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and
      without limiting the obligation of the Company to do so), according to its
      applicable Pro Rata Share, from and against any and all Indemnified Liabilities
      (as hereinafter defined); provided that no Lender shall be liable for any
      payment to any such Person of any portion of the Indemnified Liabilities to
      the
      extent determined by a final, nonappealable judgment by a court of competent
      jurisdiction to have resulted from the applicable Person’s own gross negligence
      or willful misconduct. No action taken in accordance with the directions of
      the
      Required Lenders shall be deemed to constitute gross negligence or willful
      misconduct for purposes of this Section. Without limitation of the foregoing,
      each Lender shall reimburse the Administrative Agent upon demand for its ratable
      share of any costs or out-of-pocket expenses (including Attorney Costs and
      Taxes) incurred by the Administrative Agent in connection with the preparation,
      execution, delivery, administration, modification, amendment or enforcement
      (whether through negotiations, legal proceedings or otherwise) of, or legal
      advice in respect of rights or responsibilities under, this Agreement, any
      other
      Loan Document, or any document contemplated by or referred to herein, to the
      extent that the Administrative Agent is not reimbursed for such expenses by
      or
      on behalf of the Company. The undertaking in this Section shall survive
      repayment of the Loans, cancellation of the Notes, expiration or termination
      of
      the Letters of Credit, any foreclosure under, or modification, release or
      discharge of, any or all of the Guaranty Documents, termination of this
      Agreement and the resignation or replacement of the Administrative
      Agent.

     

    14.9  Administrative
      Agent in Individual Capacity

     

    .
      LaSalle
      and its Affiliates may make loans to, issue letters of credit for the account
      of, accept deposits from, acquire equity interests in and generally engage
      in
      any kind of banking, trust, financial advisory, underwriting or other business
      with the Loan Parties and Affiliates as though LaSalle were not the
      Administrative Agent hereunder and without notice to or consent of any Lender.
      

     

    14.10  Successor
      Administrative Agent

     

    .
      The
      Administrative Agent may resign as Administrative Agent upon 30 days’ notice to
      the Lenders. If the Administrative Agent resigns under this Agreement, the
      Required Lenders shall, with (so long as no Event of Default exists) the consent
      of the Company (which shall not be unreasonably withheld or delayed), appoint
      from among the Lenders a successor agent for the Lenders. If no successor agent
      is appointed prior to the effective date of the resignation of the
      Administrative Agent, the Administrative Agent may appoint, after consulting
      with the Lenders and the Company, a successor agent from among the Lenders.
      Upon
      the acceptance of its appointment as successor agent hereunder, such successor
      agent shall succeed to all the rights, powers and duties of the retiring
      Administrative Agent and the term “Administrative Agent” shall mean such
      successor agent, and the retiring Administrative Agent’s appointment, powers and
      duties as Administrative Agent shall be terminated. After any retiring
      Administrative Agent’s resignation hereunder as Administrative Agent, the
      provisions of this Section
      14
      and
Sections
      15.5
      and
15.17
      shall
      inure to its benefit as to any actions taken or omitted to be taken by it while
      it was Administrative Agent under this Agreement. If no successor agent has
      accepted appointment as Administrative Agent by the date which

     

     

    
      
        
        

      

      
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is
      30
      days following a retiring Administrative Agent’s notice of resignation, the
      retiring Administrative Agent’s resignation shall nevertheless thereupon become
      effective and the Lenders shall perform all of the duties of the Administrative
      Agent hereunder until such time, if any, as the Required Lenders appoint a
      successor agent as provided for above.

     

    14.11  Administrative
      Agent May File Proofs of Claim

     

    .
      In case
      of the pendency of any receivership, insolvency, liquidation, bankruptcy,
      reorganization, arrangement, adjustment, composition or other judicial
      proceeding relative to any Loan Party, the Administrative Agent (irrespective
      of
      whether the principal of any Loan 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 Company) shall be
      entitled and empowered, by intervention in such proceeding or
      otherwise:

     

    (a)  to
      file
      and prove a claim for the whole amount of the principal and interest owing
      and
      unpaid in respect of the Loans, and all other Obligations that are owing and
      unpaid and to file such other documents as may be necessary or advisable in
      order to have the claims of the Lenders and the Administrative Agent (including
      any claim for the reasonable compensation, expenses, disbursements and advances
      of the Lenders and the Administrative Agent and their respective agents and
      counsel and all other amounts due the Lenders and the Administrative Agent
      under
Sections
      5,
      15.5
      and
15.17)
      allowed
      in such judicial proceedings; 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 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, 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
      5,
      15.5
      and
15.17.

     

    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 any plan
      of
      reorganization, arrangement, adjustment or composition affecting the Obligations
      or the rights of any Lender or to authorize the Administrative Agent to vote
      in
      respect of the claim of any Lender in any such proceeding.

     

    14.12  Other
      Agents; Arrangers and Managers

     

    .
      None of
      the Lenders or other Persons identified on the facing page or signature pages
      of
      this Agreement as a “syndication agent,” “documentation agent,” “co-agent,”
“book manager,” “lead manager,” “arranger,” “lead arranger” or “co-arranger”, if
      any, shall have any right, power, obligation, liability, responsibility or
      duty
      under this Agreement

     

     

    
      
        
        

      

      
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other
      than, in the case of such Lenders, those applicable to all Lenders as such.
      Without limiting the foregoing, none of the Lenders or other Persons so
      identified shall have or be deemed to have any fiduciary relationship with
      any
      Lender. Each Lender acknowledges that it has not relied, and will not rely,
      on
      any of the Lenders or other Persons so identified in deciding to enter into
      this
      Agreement or in taking or not taking action hereunder.

     

    
      	SECTION
              15.  	
              GENERAL.

            

    

     

    15.1  Waiver;
      Amendments

     

    .
      No
      delay on the part of the Administrative Agent or any Lender in the exercise
      of
      any right, power or remedy shall operate as a waiver thereof, nor shall any
      single or partial exercise by any of them of any right, power or remedy preclude
      other or further exercise thereof, or the exercise of any other right, power
      or
      remedy. No amendment, modification or waiver of, or consent with respect to,
      any
      provision of this Agreement or the other Loan Documents shall in any event
      be
      effective unless the same shall be in writing and acknowledged by Lenders having
      an aggregate Pro Rata Shares of not less than the aggregate Pro Rata Shares
      expressly designated herein with respect thereto or, in the absence of such
      designation as to any provision of this Agreement, by the Required Lenders,
      and
      then any such amendment, modification, waiver or consent shall be effective
      only
      in the specific instance and for the specific purpose for which given. No
      amendment, modification, waiver or consent shall (a) extend or increase the
      Commitment of any Lender without the written consent of such Lender, (b) extend
      the date scheduled for payment of any principal (excluding mandatory
      prepayments) of or interest on the Loans or any fees payable hereunder without
      the written consent of each Lender directly affected thereby, (c) reduce the
      principal amount of any Loan, the rate of interest thereon or any fees payable
      hereunder, without the consent of each Lender directly affected thereby (except
      for periodic adjustments of interest rates and fees resulting from a change
      in
      the Applicable Margin as provided for in this Agreement); or (d) release any
      party from its obligations under the Guaranty Agreement, change the definition
      of Required Lenders, any provision of this Section
      15.1
      or
      reduce the aggregate Pro Rata Share required to effect an amendment,
      modification, waiver or consent, without, in each case, the written consent
      of
      all Lenders. No provision of Sections
      6.2.2
      or
6.3
      with
      respect to the timing or application of mandatory prepayments of the Loans
      shall
      be amended, modified or waived without the consent of Lenders having a majority
      of the aggregate Pro Rata Shares of the Loans affected thereby. No provision
      of
Section
      14
      or other
      provision of this Agreement affecting the Administrative Agent in its capacity
      as such shall be amended, modified or waived without the consent of the
      Administrative Agent. No provision of this Agreement relating to the rights
      or
      duties of the Issuing Lender in its capacity as such shall be amended, modified
      or waived without the consent of the Issuing Lender. No provision of this
      Agreement relating to the rights or duties of the Swing Line Lender in its
      capacity as such shall be amended, modified or waived without the consent of
      the
      Swing Line Lender.

     

    15.2  Confirmations

     

    
      
        
        

      

      
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    .
      The
      Company and each holder of a Note agree from time to time, upon written request
      received by it from the other, to confirm to the other in writing (with a copy
      of each such confirmation to the Administrative Agent) the aggregate unpaid
      principal amount of the Loans then outstanding under such Note.

     

    15.3  Notices

     

    .
      Except
      as otherwise provided in Section 2.2.2,
      all
      notices hereunder shall be in writing (including facsimile transmission) and
      shall be sent to the applicable party at its address shown on Annex
      B
      or at
      such other address as such party may, by written notice received by the other
      parties, have designated as its address for such purpose. Notices sent by
      facsimile transmission shall be deemed to have been given when sent; notices
      sent by mail shall be deemed to have been given three Business Days after the
      date when sent by registered or certified mail, postage prepaid; and notices
      sent by hand delivery or overnight courier service shall be deemed to have
      been
      given when received. For purposes of Section
      2.2.2,
      the
      Administrative Agent shall be entitled to rely on telephonic instructions from
      any person that the Administrative Agent in good faith believes is an authorized
      officer or employee of the Company, and the Company shall hold the
      Administrative Agent and each other Lender harmless from any loss, cost or
      expense resulting from any such reliance.

     

    15.4  Computations

     

    .
      Where
      the character or amount of any asset or liability or item of income or
      expense is required to be determined, or any consolidation or other accounting
      computation is required to be made, for the purpose of this Agreement, such
      determination or calculation shall, to the extent applicable and except as
      otherwise specified in this Agreement, be made in accordance with GAAP,
      consistently applied; provided
      that if
      the Company notifies the Administrative Agent that the Company wishes to amend
      any covenant in Section 10 or 11.12 (or any related definition) to eliminate
      or
      to take into account the effect of any change in GAAP on the operation of such
      covenant (or if the Administrative Agent notifies the Company that the Required
      Lenders wish to amend Section 10 or 11.12 (or any related definition) for such
      purpose), then the Company’s compliance with such covenant shall be determined
      on the basis of GAAP in effect immediately before the relevant change in GAAP
      became effective, until either such notice is withdrawn or such covenant (or
      related definition) is amended in a manner satisfactory to the Company and
      the
      Required Lenders.

     

    15.5  Costs,
      Expenses and Taxes

     

    .
      The
      Company agrees to pay on demand all reasonable out-of-pocket costs and expenses
      of the Administrative Agent (including Attorney Costs and any Taxes) in
      connection with the preparation, execution, syndication, delivery and
      administration (including the costs of Intralinks (or other similar service),
      if
      applicable) of this Agreement, the other Loan Documents and all other documents
      provided for herein or delivered or to be delivered hereunder or in connection
      herewith (including any amendment, supplement or waiver to any Loan Document),
      whether or not the

     

     

    
      
        
        

      

      
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transactions
      contemplated hereby or thereby shall be consummated, and all reasonable
      out-of-pocket costs and expenses (including Attorney Costs and any Taxes)
      incurred by the Administrative Agent and each Lender after an Event of Default
      in connection with the collection of the Obligations or the enforcement of
      this
      Agreement the other Loan Documents or any such other documents or during any
      workout, restructuring or negotiations in respect thereof. In addition, the
      Company agrees to pay, and to save the Administrative Agent and the Lenders
      harmless from all liability for, any fees of the Company’s auditors in
      connection with any reasonable exercise by the Administrative Agent and the
      Lenders of their rights pursuant to Section 10.2. All Obligations
      provided for in this Section 15.5 shall survive repayment of the Loans,
      cancellation of the Notes, expiration or termination of the Letters of Credit
      and termination of this Agreement.

     

    15.6  Assignments;
      Participations

     

    15.6.1  Assignments.
      (a) Any
      Lender may at any time assign to one or more Persons (any such Person, an
“Assignee”)
      all or
      any portion of such Lender’s Loans and Commitments, with the prior written
      consent of the Administrative Agent, the Issuing Lender and, so long as no
      Event
      of Default exists, the Company (which consents shall not be unreasonably
      withheld or delayed and shall not be required for an assignment by a Lender
      to a
      Lender or an Affiliate of a Lender). Except as the Administrative Agent may
      otherwise agree, any such assignment shall be in a minimum aggregate amount
      equal to $5,000,000 or, if less, the remaining Commitment and Loans held by
      the
      assigning Lender. The Company and the Administrative Agent shall be entitled
      to
      continue to deal solely and directly with such Lender in connection with the
      interests so assigned to an Assignee until the Administrative Agent shall have
      received and accepted an effective assignment agreement in substantially the
      form of Exhibit
      C
      hereto
      (an “Assignment
      Agreement”)
      executed, delivered and fully completed by the applicable parties thereto and
      a
      processing fee of $3,500, payable by such assigning Lender or Assignee, as
      the
      assigning Lender and Assignee shall agree. No assignment may be made to any
      Person if at the time of such assignment the Company would be obligated to
      pay
      any greater amount under Section
      7.6
      or
8
      to the
      Assignee than the Company is then obligated to pay to the assigning Lender
      under
      such Sections (and if any assignment is made in violation of the foregoing,
      the
      Company will not be required to pay such greater amounts). Any attempted
      assignment not made in accordance with this Section
      15.6.1
      shall be
      treated as the sale of a participation under Section
      15.6.2.
      The
      Company shall be deemed to have granted its consent to any assignment requiring
      its consent hereunder unless the Company has expressly objected to such
      assignment within ten Business Days after notice thereof. 

     

    (a)  From
      and
      after the date on which the conditions described above have been met, (i) such
      Assignee shall be deemed automatically to have become a party hereto and, to
      the
      extent that rights and obligations hereunder have been assigned to such Assignee
      pursuant to such Assignment Agreement, shall have the rights and obligations
      of
      a Lender hereunder and (ii) the assigning Lender, to the extent that rights
      and obligations hereunder have been assigned by it pursuant to such

     

     

    
      
        
        

      

      
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Assignment
      Agreement, shall be released from its rights (other than its indemnification
      rights) and obligations hereunder. Upon the request of the Assignee (and, as
      applicable, the assigning Lender) pursuant to an effective Assignment Agreement,
      the Company shall execute and deliver to the Administrative Agent for delivery
      to the Assignee (and, as applicable, the assigning Lender) a Note in the
      principal amount of the Assignee’s Pro Rata Share of the Revolving Commitment
      (and, as applicable, a Note in the principal amount of the Pro Rata Share of
      the
      Revolving Commitment retained by the assigning Lender). Each such Note shall
      be
      dated the effective date of such assignment. Upon receipt by the assigning
      Lender of such Note, the assigning Lender shall return to the Company any prior
      Note held by it.

     

    (b)  Any
      Lender may at any time pledge or assign a security interest in all or any
      portion of its rights under this Agreement to secure obligations of such Lender,
      including any pledge or assignment to secure obligations to a Federal Reserve
      Bank, and this Section shall not apply to any such pledge or assignment of
      a
      security interest; provided
      that no
      such pledge or assignment of a security interest shall release a Lender from
      any
      of its obligations hereunder or substitute any such pledgee or assignee for
      such
      Lender as a party hereto.

     

    15.6.2  Participations.
      Any
      Lender may at any time sell to one or more Persons participating interests
      in
      its Loans, Commitments or other interests hereunder (any such Person, a
“Participant”).
      In
      the event of a sale by a Lender of a participating interest to a Participant,
      (a) such Lender’s obligations hereunder shall remain unchanged for all purposes,
      (b) the Company and the Administrative Agent shall continue to deal solely
      and
      directly with such Lender in connection with such Lender’s rights and
      obligations hereunder and (c) all amounts payable by the Company shall be
      determined as if such Lender had not sold such participation and shall be paid
      directly to such Lender. No Participant shall have any direct or indirect voting
      rights hereunder except with respect to any event described in Section 15.1
      expressly requiring the unanimous vote of all Lenders or, as applicable, all
      affected Lenders. Each Lender agrees to incorporate the requirements of the
      preceding sentence into each participation agreement which such Lender enters
      into with any Participant. The Company also agrees that each Participant shall
      be entitled to the benefits of Section
      7.4 and 7.6
      or
Section
      8
      as if it
      were a Lender (provided
      that on
      the date of the participation no Participant shall be entitled to any greater
      compensation pursuant to Section
      7.6
      or
8
      than
      would have been paid to the participating Lender on such date if no
      participation had been sold and that each Participant complies with Section
      7.6(d)
      as if it
      were an Assignee).

     

    15.7  Register

     

    .
      The
      Administrative Agent shall maintain a copy of each Assignment Agreement
      delivered and accepted by it and register (the “Register”)
      for
      the recordation of names and addresses of the Lenders and the Commitment of
      each
      Lender from time to time and whether such Lender is the original Lender or
      the
      Assignee. No assignment shall be effective unless and until the Assignment
      Agreement is accepted and registered in the Register. All records of transfer
      of
      a Lender’s interest in the Register shall be

     

     

    
      
        
        

      

      
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conclusive,
      absent manifest error, as to the ownership of the interests in the Loans. The
      Administrative Agent shall not incur any liability of any kind with respect
      to
      any Lender with respect to the maintenance of the Register. 

     

    15.8  GOVERNING
      LAW

     

    .
      THIS AGREEMENT AND EACH NOTE SHALL BE A CONTRACT MADE UNDER AND GOVERNED BY
      THE INTERNAL LAWS OF THE STATE OF ILLINOIS APPLICABLE TO CONTRACTS MADE AND
      TO
      BE PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD TO CONFLICT OF LAWS
      PRINCIPLES.

     

    15.9  Confidentiality

     

    .
      As
      required by federal law and the Administrative Agent's policies and practices,
      the Administrative Agent may need to obtain, verify, and record certain
      customer identification information and documentation in connection with opening
      or maintaining accounts, or establishing or continuing to provide services.
      The
      Administrative Agent and each Lender agree to use commercially reasonable
      efforts (equivalent to the efforts the Administrative Agent or such Lender
      applies to maintain the confidentiality of its own confidential information)
      to
      maintain as confidential all information provided to them by any Loan Party
      and
      designated as confidential, except that the Administrative Agent and each Lender
      may disclose such information (a) to Persons employed or engaged by the
      Administrative Agent or such Lender in evaluating, approving, structuring or
      administering the Loans and the Commitments; (b) to any assignee or participant
      or potential assignee or participant that has agreed to comply with the covenant
      contained in this Section
      15.9
      (and any
      such assignee or participant or potential assignee or participant may disclose
      such information to Persons employed or engaged by them as described in clause
      (a) above); (c) as required or requested by any federal or state regulatory
      authority or examiner, or any insurance industry association, or as reasonably
      believed by the Administrative Agent or such Lender to be compelled by any
      court
      decree, subpoena or legal or administrative order or process; (d) as, on the
      advice of the Administrative Agent’s or such Lender’s counsel, is required by
      law; (e) in connection with the exercise of any right or remedy under the Loan
      Documents or in connection with any litigation to which the Administrative
      Agent
      or such Lender is a party; (f) to any nationally recognized rating agency that
      requires access to information about a Lender’s investment portfolio in
      connection with ratings issued with respect to such Lender; or (g) to an
      Affiliate of the Administrative Agent, the Issuing Lender or any other Lender
      who may provide Bank Products to the Loan Parties; provided, however, that
      the
      Lender agrees to use reasonable efforts to limit the amount of contact by such
      Affiliates with respect to the marketing of such Bank Products; or (h) that
      ceases to be confidential through no fault of the Administrative Agent or any
      Lender. Notwithstanding the foregoing, the Company consents to the publication
      by the Administrative Agent or any Lender of a tombstone or similar advertising
      material relating to the financing transactions contemplated by this Agreement,
      and the Administrative Agent reserves the right to provide to industry trade
      organizations information necessary and customary for inclusion in league table
      measurements.

     

    
      
        
        

      

      
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    15.10  Severability

     

    .
      Whenever possible each provision of this Agreement shall be interpreted in
      such
      manner as to be effective and valid under applicable law, but if any provision
      of this Agreement shall be prohibited by or invalid under applicable law, such
      provision shall be ineffective to the extent of such prohibition or invalidity,
      without invalidating the remainder of such provision or the remaining provisions
      of this Agreement. All obligations of the Company and rights of the
      Administrative Agent and the Lenders expressed herein or in any other Loan
      Document shall be in addition to and not in limitation of those provided by
      applicable law.

     

    15.11  Nature
      of Remedies

     

    .
      All
      Obligations of the Company and rights of the Administrative Agent and the
      Lenders expressed herein or in any other Loan Document shall be in addition
      to
      and not in limitation of those provided by applicable law. No failure to
      exercise and no delay in exercising, on the part of the Administrative Agent
      or
      any Lender, any right, remedy, power or privilege hereunder, shall operate
      as a
      waiver thereof; nor shall any single or partial exercise of any right, remedy,
      power or privilege hereunder preclude any other or further exercise thereof
      or
      the exercise of any other right, remedy, power or privilege.

     

    15.12  Entire
      Agreement

     

    .
      This
      Agreement, together with the other Loan Documents, embodies the entire agreement
      and understanding among the parties hereto and supersedes all prior or
      contemporaneous agreements and understandings of such Persons, verbal or
      written, relating to the subject matter hereof and thereof (except as relates
      to
      the fees described in Section
      5.3)
      and any
      prior arrangements made with respect to the payment by the Company of (or any
      indemnification for) any fees, costs or expenses payable to or incurred (or
      to
      be incurred) by or on behalf of the Administrative Agent or the
      Lenders.

     

    15.13  Counterparts

     

    .
      This
      Agreement may be executed in any number of counterparts and by the
      different parties hereto on separate counterparts and each such counterpart
      shall be deemed to be an original, but all such counterparts shall together
      constitute but one and the same Agreement. Receipt of an executed signature
      page
      to this Agreement by facsimile or other electronic transmission shall constitute
      effective delivery thereof. Electronic records of executed Loan Documents
      maintained by the Lenders shall deemed to be originals.

     

    15.14  Successors
      and Assigns

     

    .
      This
      Agreement shall be binding upon the Company, the Lenders and the
      Administrative Agent and their respective successors and assigns, and shall
      inure to the benefit of the Company, the Lenders and the Administrative Agent
      and the successors and assigns of the Lenders and the Administrative Agent.
      No
      other Person shall be a direct or indirect legal beneficiary of, or have any
      direct or indirect cause of action or

     

     

    
      
        
        

      

      
        -
          67
          -

        
          

        

      

      
        
        

      

    

    
claim
      in connection with, this Agreement or any of the other Loan Documents. The
      Company may not assign or transfer any of its rights or Obligations under this
      Agreement without the prior written consent of the Administrative Agent and
      each
      Lender.

     

    15.15  Captions

     

    .
      Section
      captions used in this Agreement are for convenience only and shall not
      affect the construction of this Agreement.

     

    15.16  Customer
      Identification - USA Patriot Act Notice

     

    .
      Each
      Lender and LaSalle (for itself and not on behalf of any other party) hereby
      notifies the Loan 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 “Act”),
      it is required to obtain, verify and record information that identifies the
      Loan
      Parties, which information includes the name and address of the Loan Parties
      and
      other information that will allow such Lender or LaSalle, as applicable, to
      identify the Loan Parties in accordance with the Act.

     

    15.17  INDEMNIFICATION
      BY THE COMPANY

     

    .
      IN
      CONSIDERATION OF THE EXECUTION AND DELIVERY OF THIS AGREEMENT BY THE
      ADMINISTRATIVE AGENT AND THE LENDERS AND THE AGREEMENT TO EXTEND THE COMMITMENTS
      PROVIDED HEREUNDER, THE COMPANY HEREBY AGREES TO INDEMNIFY, EXONERATE AND HOLD
      THE ADMINISTRATIVE AGENT, EACH LENDER AND EACH OF THE OFFICERS, DIRECTORS,
      EMPLOYEES, AFFILIATES AND AGENTS OF THE ADMINISTRATIVE AGENT AND EACH LENDER
      (EACH A “LENDER PARTY”) FREE AND HARMLESS FROM AND AGAINST ANY AND ALL ACTIONS,
      CAUSES OF ACTION, SUITS, LOSSES, LIABILITIES, DAMAGES AND EXPENSES, INCLUDING
      ATTORNEY COSTS (COLLECTIVELY, THE “INDEMNIFIED LIABILITIES”), INCURRED BY THE
      LENDER PARTIES OR ANY OF THEM AS A RESULT OF, OR ARISING OUT OF, OR RELATING
      TO
      (A) ANY TENDER OFFER, MERGER, PURCHASE OF CAPITAL SECURITIES, PURCHASE OF ASSETS
      OR OTHER SIMILAR TRANSACTION FINANCED OR PROPOSED TO BE FINANCED IN WHOLE OR
      IN
      PART, DIRECTLY OR INDIRECTLY, WITH THE PROCEEDS OF ANY OF THE LOANS, (B) THE
      USE, HANDLING, RELEASE, EMISSION, DISCHARGE, TRANSPORTATION, STORAGE, TREATMENT
      OR DISPOSAL OF ANY HAZARDOUS SUBSTANCE AT ANY PROPERTY OWNED OR LEASED BY ANY
      LOAN PARTY, (C) ANY VIOLATION OF ANY ENVIRONMENTAL LAWS WITH RESPECT TO
      CONDITIONS AT ANY PROPERTY OWNED OR LEASED BY ANY LOAN PARTY OR THE OPERATIONS
      CONDUCTED THEREON, (D) THE INVESTIGATION, CLEANUP OR REMEDIATION OF OFFSITE
      LOCATIONS AT WHICH ANY LOAN PARTY OR THEIR RESPECTIVE PREDECESSORS ARE ALLEGED
      TO HAVE DIRECTLY OR INDIRECTLY DISPOSED OF HAZARDOUS SUBSTANCES OR (E) THE
      EXECUTION, DELIVERY, PERFORMANCE OR ENFORCEMENT OF THIS AGREEMENT OR ANY
      OTHER

     

     

    
      
        
        

      

      
        -
          68
          -

        
          

        

      

      
        
        

      

    

    
LOAN
      DOCUMENT BY ANY OF THE LENDER PARTIES, EXCEPT FOR ANY SUCH INDEMNIFIED
      LIABILITIES ARISING ON ACCOUNT OF THE APPLICABLE LENDER PARTY’S GROSS NEGLIGENCE
      OR WILLFUL MISCONDUCT AS DETERMINED BY A FINAL, NONAPPEALABLE JUDGMENT BY A
      COURT OF COMPETENT JURISDICTION. IF AND TO THE EXTENT THAT THE FOREGOING
      UNDERTAKING MAY BE UNENFORCEABLE FOR ANY REASON, THE COMPANY HEREBY AGREES
      TO
      MAKE THE MAXIMUM CONTRIBUTION TO THE PAYMENT AND SATISFACTION OF EACH OF THE
      INDEMNIFIED LIABILITIES WHICH IS PERMISSIBLE UNDER APPLICABLE LAW. ALL
      OBLIGATIONS PROVIDED FOR IN THIS SECTION 15.17 SHALL SURVIVE REPAYMENT OF
      THE LOANS, CANCELLATION OF THE NOTES, EXPIRATION OR TERMINATION OF THE LETTERS
      OF CREDIT, ANY FORECLOSURE UNDER, OR ANY MODIFICATION, RELEASE OR DISCHARGE
      OF,
      ANY OR ALL OF THE GUARANTY DOCUMENTS AND TERMINATION OF THIS
      AGREEMENT.

     

    15.18  Nonliability
      of Lenders

     

    .
      The
      relationship between the Company on the one hand and the Lenders and the
      Administrative Agent on the other hand shall be solely that of borrower and
      lender. Neither the Administrative Agent nor any Lender has any fiduciary
      relationship with or duty to any Loan Party arising out of or in connection
      with
      this Agreement or any of the other Loan Documents, and the relationship between
      the Loan Parties, on the one hand, and the Administrative Agent and the Lenders,
      on the other hand, in connection herewith or therewith is solely that of debtor
      and creditor. Neither the Administrative Agent nor any Lender undertakes any
      responsibility to any Loan Party to review or inform any Loan Party of any
      matter in connection with any phase of any Loan Party’s business or operations.
      The Company agrees, on behalf of itself and each other Loan Party, that neither
      the Administrative Agent nor any Lender shall have liability to any Loan Party
      (whether sounding in tort, contract or otherwise) for losses suffered by any
      Loan Party in connection with, arising out of, or in any way related to the
      transactions contemplated and the relationship established by the Loan
      Documents, or any act, omission or event occurring in connection therewith,
      unless it is determined in a final non-appealable judgment by a court of
      competent jurisdiction that such losses resulted from the gross negligence
      or
      willful misconduct of the party from which recovery is sought. NO
      LENDER PARTY SHALL BE LIABLE FOR ANY DAMAGES ARISING FROM THE USE BY OTHERS
      OF
      ANY INFORMATION OR OTHER MATERIALS OBTAINED THROUGH INTRALINKS OR OTHER SIMILAR
      INFORMATION TRANSMISSION SYSTEMS IN CONNECTION WITH THIS AGREEMENT, NOR SHALL
      ANY LENDER PARTY HAVE ANY LIABILITY WITH RESPECT TO, AND THE COMPANY ON BEHALF
      OF ITSELF AND EACH OTHER LOAN PARTY, HEREBY WAIVES, RELEASES AND AGREES NOT
      TO
      SUE FOR ANY SPECIAL, PUNITIVE, EXEMPLARY, INDIRECT OR CONSEQUENTIAL DAMAGES
      RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR ARISING OUT OF ITS
      ACTIVITIES IN CONNECTION HEREWITH OR THEREWITH (WHETHER BEFORE OR AFTER THE
      CLOSING DATE). The
      Company acknowledges that it has been advised by counsel in the negotiation,
      execution and delivery of this Agreement and the other Loan Documents to which
      it is a party. No joint venture is created hereby or by the other Loan Documents
      or otherwise exists by virtue of the transactions contemplated hereby among
      the
      Lenders or among the Loan Parties and the Lenders.

     

     

    
      
        
        

      

      
        -
          69
          -

        
          

        

      

      
        
        

      

    

    
    15.19  FORUM
      SELECTION AND CONSENT TO JURISDICTION

     

    .
      ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH
      THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, SHALL BE BROUGHT AND MAINTAINED
      EXCLUSIVELY IN THE COURTS OF THE STATE OF ILLINOIS OR IN THE UNITED STATES
      DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS; PROVIDED
      THAT NOTHING IN THIS AGREEMENT SHALL BE DEEMED OR OPERATE TO PRECLUDE THE
      ADMINISTRATIVE AGENT FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY
      OTHER JURISDICTION. THE COMPANY HEREBY EXPRESSLY AND IRREVOCABLY SUBMITS TO
      THE
      JURISDICTION OF THE COURTS OF THE STATE OF ILLINOIS AND OF THE UNITED STATES
      DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS FOR THE PURPOSE OF ANY
      SUCH
      LITIGATION AS SET FORTH ABOVE. THE COMPANY FURTHER IRREVOCABLY CONSENTS TO
      THE
      SERVICE OF PROCESS BY REGISTERED MAIL, POSTAGE PREPAID, OR BY PERSONAL SERVICE
      WITHIN OR WITHOUT THE STATE OF ILLINOIS. THE COMPANY HEREBY EXPRESSLY AND
      IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH
      IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH LITIGATION
      BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH
      LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

     

    15.20  WAIVER
      OF JURY TRIAL

     

    .
      EACH OF THE COMPANY, THE ADMINISTRATIVE AGENT AND EACH LENDER HEREBY WAIVES
      ANY
      RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY
      RIGHTS UNDER THIS AGREEMENT, ANY NOTE, ANY OTHER LOAN DOCUMENT AND ANY
      AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN THE
      FUTURE BE DELIVERED IN CONNECTION HEREWITH OR THEREWITH OR ARISING FROM ANY
      LENDING RELATIONSHIP EXISTING IN CONNECTION WITH ANY OF THE FOREGOING, AND
      AGREES THAT ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND
      NOT
      BEFORE A JURY.

     

    [SIGNATURE
      PAGES FOLLOW]

     

    
      
        
        

      

      
        -
          70
          -

        
          

        

      

      
        
        

      

    

    
 

    The
      parties hereto have caused this Agreement to be duly executed and delivered
      by
      their duly authorized officers as of the date first set forth
      above.

     

    HURON
      CONSULTING GROUP INC.

    

    By: 
      /s/ Gary Burge      

    Title:
      CFO       

    

     

     

     

    Signature
      Page to Credit

    Agreement

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    LASALLE
      BANK NATIONAL ASSOCIATION,
as
      Administrative Agent, as Issuing Lender and
as a Lender, and as
      Arranger

    

    By: /s/
      David Bacon      

    Title: VP     

     

     

    
      Signature
        Page to Credit

      Agreement

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    JPMORGAN
      CHASE BANK, NATIONAL
ASSOCIATION,
      as a
      Lender and as
Syndication Agent

    

    By: /s/
      Nathan Margol   

    Title: Vice
      President     

     

     

     

    
      Signature
        Page to Credit

      Agreement

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

       

      FIFTH
        THIRD BANK (CHICAGO),

      as
        a
        Lender

      

      By: /s/
        Marc Summe      

      Title:
        Loan Officer

    

     

     

     

    
      Signature
        Page to Credit

      AgreementGuaranty Agreement Dated June 7, 2006

    EXHIBIT
      10.2

     

     

    

      GUARANTY
        AGREEMENT

       

      dated
        as of June 7, 2006

       

      among

       

      HURON
        CONSULTING GROUP HOLDINGS LLC,

       

      HURON
        CONSULTING SERVICES LLC, 

       

      SPELTZ
        & WEIS LLC, AND

       

      HURON
        (UK) LIMITED,

       

      as
        Guarantors,

       

      and

       

      LASALLE
        BANK NATIONAL ASSOCIATION,

       

      as
        the Administrative Agent

       

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

      GUARANTY
        AGREEMENT

       

      THIS
        GUARANTY AGREEMENT dated as of June 7, 2006 (this “Agreement”)
        is
        entered into among HURON CONSULTING GROUP HOLDINGS LLC, a Delaware limited
        liability company (“HCG”),
        HURON
        CONSULTING SERVICES LLC, a Delaware limited liability company (“HCS”),
        SPELTZ & WEIS LLC, a Delaware limited liability company ("SW"), and HURON
        (UK) LIMITED, a United Kingdom limited liability company ("Huron UK") (together
        with HCG, HCS, and SW and each other Person that becomes a party hereto as
        provided herein, the “Guarantors”)
        in
        favor of LASALLE BANK NATIONAL ASSOCIATION, as the Administrative Agent for
        all
        the Lenders party to the Credit Agreement (as hereafter defined).

       

      The
        Lenders have severally agreed to extend credit to the Huron Consulting Group
        Inc. (the “Company”)
        pursuant to the Credit Agreement. The Company is affiliated with each other
        Guarantor. The Company and the other Guarantors are engaged in interrelated
        businesses, and each Guarantor will derive substantial direct and indirect
        benefit from extensions of credit under the Credit Agreement. It is a condition
        precedent to each Lender’s obligation to extend credit under the Credit
        Agreement that the Guarantors shall have executed and delivered this Agreement
        to the Administrative Agent for the ratable benefit of all the
        Lenders.

       

      In
        consideration of the premises and to induce the Administrative Agent and
        the
        Lenders to enter into the Credit Agreement and to induce the Lenders to extend
        credit thereunder, each Guarantor hereby agrees with the Administrative Agent,
        for the ratable benefit of the Lenders, as follows:

       

      SECTION
        1.   DEFINITIONS.

       

      1.1  Unless
        otherwise defined herein, terms defined in the Credit Agreement and used
        herein
        shall have the meanings given to them in the Credit Agreement.

       

      1.2  When
        used
        herein the following terms shall have the following meanings:

       

      Agreement
        has the
        meaning set forth in the preamble hereto.

       

      Company
        Obligations
        means
        all Obligations, as defined in the Credit Agreement, of the
        Company.

       

      Credit
        Agreement
        means
        the Credit Agreement of even date herewith among the Company, the Lenders
        and
        the Administrative Agent, as amended, supplemented, restated or otherwise
        modified from time to time.

       

      Guarantor
        Obligations
        means,
        collectively, with respect to each Guarantor, all Obligations of such
        Guarantor.

       

      Guarantors
        means
        the collective reference to each Guarantor.

       

    

    
      
        
        

      

      
        -
          1
          -

        
          

        

      

      
        
        

      

    

    Paid
      in Full
      means
      (a) the payment in full in cash and performance of all Guarantor Obligations,
      (b) the termination of all Commitments and (c) either (i) the cancellation
      and
      return to the Administrative Agent of all Letters of Credit or (ii) the cash
      collateralization of all Letters of Credit in accordance with the Credit
      Agreement.

     

    SECTION
      2.   GUARANTY.

     

    2.1  Guaranty.
      (a)
      Each of
      the Guarantors hereby, jointly and severally, unconditionally and irrevocably,
      as a primary obligor and not only a surety, guaranties to the Administrative
      Agent, for the ratable benefit of the Lenders and their respective successors,
      endorsees, transferees and assigns, the prompt and complete payment and
      performance by the Company when due (whether at the stated maturity, by
      acceleration or otherwise) of the Company Obligations.

     

    (b)  Anything
      herein or in any other Loan Document to the contrary notwithstanding, the
      maximum liability of each Guarantor hereunder and under the other Loan Documents
      shall in no event exceed the amount which can be guarantied by such Guarantor
      under applicable federal and state laws relating to the insolvency of debtors
      (after giving effect to the right of contribution established in Section
      2.2).

     

    (c)  Each
      Guarantor agrees that the Guarantor Obligations may at any time and from time
      to
      time exceed the amount of the liability of such Guarantor hereunder without
      impairing the guaranty contained in this Section
      2
      or
      affecting the rights and remedies of the Administrative Agent or any Lender
      hereunder.

     

    (d)  The
      guaranty contained in this Section
      2
      shall
      remain in full force and effect until all of the Guarantor Obligations shall
      have been Paid in Full.

     

    (e)  No
      payment made by the Company, any of the Guarantors, any other guarantor or
      any
      other Person or received or collected by the Administrative Agent or any Lender
      from the Company, any of the Guarantors, any other guarantor or any other Person
      by virtue of any action or proceeding or any set-off or appropriation or
      application at any time or from time to time in reduction of or in payment
      of
      the Guarantor Obligations shall be deemed to modify, reduce, release or
      otherwise affect the liability of any Guarantor hereunder which shall,
      notwithstanding any such payment (other than any payment made by such Guarantor
      in respect of the Guarantor Obligations or any payment received or collected
      from such Guarantor in respect of the Guarantor Obligations), remain liable
      for
      the Guarantor Obligations up to the maximum liability of such Guarantor
      hereunder until the Guarantor Obligations are Paid in Full.

     

        2.2 
      Right of Contribution.
      Each
      Guarantor hereby agrees that to the extent that a Guarantor shall have paid
      more
      than its proportionate share of any payment made hereunder, such Guarantor
      shall
      be entitled to seek and receive contribution from and against any other
      Guarantor hereunder which has not paid its proportionate share of such payment.
      Each Guarantor’s right of contribution shall be subject to the terms and
      conditions of Section
      2.3.
      The
      provisions of this Section
      2.2
      shall in
      no respect limit the obligations and liabilities of any Guarantor to the
      Administrative Agent and the 

     

     

    
      
        
        

      

      
        -
          2
          -

        
          

        

      

      
        
        

      

    

    

      Lenders,
        and each Guarantor shall remain liable to the Administrative Agent and the
        Lenders for the full amount guarantied by such Guarantor hereunder.

       

        2.3 
        No Subrogation.
        Notwithstanding any payment made by any Guarantor hereunder or any set-off
        or
        application of funds of any Guarantor by the Administrative Agent or any
        Lender,
        no Guarantor shall be entitled to be subrogated to any of the rights of the
        Administrative Agent or any Lender against the Company or any other Guarantor
        or
        any collateral security or guaranty or right of offset held by the
        Administrative Agent or any Lender for the payment of the Guarantor Obligations,
        nor shall any Guarantor seek or be entitled to seek any contribution or
        reimbursement from the Company or any other Guarantor in respect of payments
        made by such Guarantor hereunder, until all of the Guarantor Obligations
        are
        Paid in Full, no Letter of Credit shall be outstanding and the Commitments
        are
        terminated. If any amount shall
        be
        paid to any Guarantor on account of such subrogation rights at any time when
        all
        of the Guarantor Obligations shall not have been Paid in Full, such amount
        shall
        be held by such Guarantor in trust for the Administrative Agent and the Lenders,
        segregated from other funds of such Guarantor, and shall, forthwith upon
        receipt
        by such Guarantor, be turned over to the Administrative Agent in the exact
        form
        received by such Guarantor (duly indorsed by such Guarantor to the
        Administrative Agent, if required), to be applied against the Guarantor
        Obligations, whether matured or unmatured, in such order as the Administrative
        Agent may determine.

       

      2.4 Amendments,
        etc. with respect to the Guarantor Obligations.
        Each
        Guarantor shall remain obligated hereunder notwithstanding that, without
        any
        reservation of rights against any Guarantor and without notice to or further
        assent by any Guarantor, any demand for payment of any of the Guarantor
        Obligations made by the Administrative Agent or any Lender may be rescinded
        by
        the Administrative Agent or such Lender and any of the Guarantor Obligations
        continued, and the Guarantor Obligations, or the liability of any other Person
        upon or for any part thereof, or any collateral security or guaranty therefor
        or
        right of offset with respect thereto, may, from time to time, in whole or
        in
        part, be renewed, extended, amended, modified, accelerated, compromised,
        waived,
        surrendered or released by the Administrative Agent or any Lender, and the
        Credit Agreement and the other Loan Documents and any other documents executed
        and delivered in connection therewith may be amended, modified, supplemented
        or
        terminated, in whole or in part, as the Administrative Agent (or the Required
        Lenders or all the Lenders, as the case may be) may deem advisable from time
        to
        time. 

       

      The
        Administrative Agent or any Lender may, from time to time, at its sole
        discretion and without notice to any Guarantor (or any of them), take any
        or all
        of the following actions: (a) retain or obtain a security interest in any
        property to secure any of the Guarantor Obligations or any obligation hereunder,
        (b) retain or obtain the primary or secondary obligation of any obligor or
        obligors, in addition to the undersigned, with respect to any of the Guarantor
        Obligations, (c) extend or renew any of the Guarantor Obligations for one
        or
        more periods (whether or not longer than the original period), alter or exchange
        any of the Guarantor Obligations, or release or compromise any obligation
        of any
        of the undersigned hereunder or any obligation of any nature of any

       

      
        
          
          

        

        
          -
            3
            -

          
            

          

        

        
          
          

        

      

    

    other
      obligor with respect to any of the Guarantor Obligations, (d) release any
      guaranty or right of offset or its security interest in, or surrender, release
      or permit any substitution or exchange for, all or any part of any property
      securing any of the Guarantor Obligations or any obligation hereunder, or extend
      or renew for one or more periods (whether or not longer than the original
      period) or release, compromise, alter or exchange any obligations of any nature
      of any obligor with respect to any such property, and (e) resort to the
      undersigned (or any of them) for payment of any of the Guarantor Obligations
      when due, whether or not the Administrative Agent or such Lender shall have
      resorted to any property securing any of the Guarantor Obligations or any
      obligation hereunder or shall have proceeded against any other of the
      undersigned or any other obligor primarily or secondarily obligated with respect
      to any of the Guarantor Obligations.

     

    2.5  Waivers.
      Each
      Guarantor waives any and all notice of the creation, renewal, extension or
      accrual of any of the Guarantor Obligations and notice of or proof of reliance
      by the Administrative Agent or any Lender upon the guaranty contained in this
      Section
      2
      or
      acceptance of the guaranty contained in this Section
      2;
      the
      Guarantor Obligations, and any of them, shall conclusively be deemed to have
      been created, contracted or incurred, or renewed, extended, amended or waived,
      in reliance upon the guaranty contained in this Section
      2,
      and all
      dealings between the Company and any of the Guarantors, on the one hand, and
      the
      Administrative Agent and the Lenders, on the other hand, likewise shall be
      conclusively presumed to have been had or consummated in reliance upon the
      guaranty contained in this Section
      2.
      Each
      Guarantor waives (a) diligence, presentment, protest, demand for payment and
      notice of default, dishonor or nonpayment and all other notices whatsoever
      to or
      upon the Company or any of the Guarantors with respect to the Guarantor
      Obligations, (b) notice of the existence or creation or non-payment of all
      or
      any of the Guarantor Obligations and (c) all diligence in collection or
      protection of or realization upon any Guarantor Obligations or any security
      for
      or guaranty of any Guarantor Obligations.

     

    2.6  Payments.
      Each
      Guarantor hereby guaranties that payments hereunder will be paid to the
      Administrative Agent without set-off or counterclaim in Dollars at the office
      of
      the Administrative Agent specified in the Credit Agreement.

     

    SECTION
      3.   MISCELLANEOUS.

     

    3.1  Amendments
      in Writing.
      None of
      the terms or provisions of this Agreement may be waived, amended, supplemented
      or otherwise modified except in accordance with Section
      15.1
      of the
      Credit Agreement.

     

    3.2  Notices.
      All
      notices, requests and demands to or upon the Administrative Agent or any
      Guarantor hereunder shall be addressed to the Company and effected in the manner
      provided for in Section
      15.3
      of the
      Credit Agreement and each Guarantor hereby appoints the Company as its agent
      to
      receive notices hereunder.

     

          3.3 
Indemnification
      by
      Guarantors.
      THE
      GUARANTORS, JOINTLY AND SEVERALLY, HEREBY AGREE TO INDEMNIFY, EXONERATE AND
      HOLD
      EACH 

     

    
      
        
        

      

      
        -
          4
          -

        
          

        

      

      
        
        

      

    

     

    LENDER
      PARTY FREE
      AND HARMLESS FROM AND AGAINST ANY AND ALL INDEMNIFIED LIABILITIES, INCURRED
      BY
      THE LENDER PARTIES OR ANY OF THEM AS A RESULT OF, OR ARISING OUT OF, OR RELATING
      TO (A) ANY TENDER OFFER, MERGER, PURCHASE OF EQUITY INTERESTS, PURCHASE OF
      ASSETS (INCLUDING THE RELATED TRANSACTIONS) OR OTHER SIMILAR TRANSACTION
      FINANCED OR PROPOSED TO BE FINANCED IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY,
      WITH THE PROCEEDS OF ANY OF THE LOANS, (B) THE USE, HANDLING, RELEASE, EMISSION,
      DISCHARGE, TRANSPORTATION, STORAGE, TREATMENT OR DISPOSAL OF ANY HAZARDOUS
      SUBSTANCE AT ANY PROPERTY OWNED OR LEASED BY ANY GUARANTOR, (C) ANY VIOLATION
      OF
      ANY ENVIRONMENTAL LAWS WITH RESPECT TO CONDITIONS AT ANY PROPERTY OWNED OR
      LEASED BY ANY GUARANTOR OR THE OPERATIONS CONDUCTED THEREON, (D) THE
      INVESTIGATION, CLEANUP OR REMEDIATION OF OFFSITE LOCATIONS AT WHICH ANY LOAN
      PARTY OR THEIR RESPECTIVE PREDECESSORS ARE ALLEGED TO HAVE DIRECTLY OR
      INDIRECTLY DISPOSED OF HAZARDOUS SUBSTANCES OR (E) THE EXECUTION, DELIVERY,
      PERFORMANCE OR ENFORCEMENT OF THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT BY
      ANY
      OF THE LENDER PARTIES, EXCEPT FOR ANY SUCH INDEMNIFIED LIABILITIES ARISING
      ON
      ACCOUNT OF THE APPLICABLE LENDER PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT
      AS DETERMINED BY A FINAL, NONAPPEALABLE JUDGMENT BY A COURT OF COMPETENT
      JURISDICTION. IF AND TO THE EXTENT THAT THE FOREGOING UNDERTAKING MAY BE
      UNENFORCEABLE FOR ANY REASON, EACH GUARANTOR HEREBY AGREES TO MAKE THE MAXIMUM
      CONTRIBUTION TO THE PAYMENT AND SATISFACTION OF EACH OF THE INDEMNIFIED
      LIABILITIES WHICH IS PERMISSIBLE UNDER APPLICABLE LAW. ALL OBLIGATIONS PROVIDED
      FOR IN THIS SECTION
      3.3
      SHALL SURVIVE REPAYMENT OF ALL (AND SHALL BE) GUARANTOR OBLIGATIONS (AND
      TERMINATION OF ALL COMMITMENTS UNDER THE CREDIT AGREEMENT), ANY FORECLOSURE
      UNDER, OR ANY MODIFICATION, RELEASE OR DISCHARGE OF, ANY OR ALL OF THE GUARANTY
      DOCUMENTS AND TERMINATION OF THE CREDIT AGREEMENT.

     

    3.4  Enforcement
      Expenses.
      (a)
      Each
      Guarantor agrees, on a joint and several basis, to pay or reimburse on demand
      each Lender and the Administrative Agent for all reasonable out-of-pocket costs
      and expenses (including Attorney Costs) incurred in collecting against any
      Guarantor under the guaranty contained in Section
      2
      or
      otherwise enforcing or preserving any rights under this Agreement and the other
      Loan Documents.

     

    (b)  Each
      Guarantor agrees to pay, and to save the Administrative Agent and the Lenders
      harmless from, any and all liabilities with respect to, or resulting from any
      delay in paying, any and all stamp, excise, sales or other taxes which may
      be
      payable or determined to be payable in connection with any of the transactions
      contemplated by this Agreement.

     

              (c) 
The
      agreements in this
Section
      3.4
      shall
      survive repayment of all (and shall be) Guarantor Obligations (and termination
      of all commitments under the 

     

     

    
      
        
        

      

      
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          5
          -

        
          

        

      

      
        
        

      

    

    (a)  Credit
      Agreement), any foreclosure under, or any modification, release or discharge
      of,
      any or all of the Guaranty Documents and termination of this
      Agreement.

     

      3.5 
      Captions.
      Section
      captions used in this Agreement are for convenience only and shall not affect
      the construction of this Agreement.

     

      3.6 
      Nature of Remedies.
      All
      Guarantor Obligations of each Guarantor and rights of the Administrative Agent
      and the Lenders expressed herein or in any other Loan Document shall be in
      addition to and not in limitation of those provided by applicable law. No
      failure to exercise and no delay in exercising, on the part of the
      Administrative Agent or any Lender, any right, remedy, power or privilege
      hereunder, shall operate as a waiver thereof; nor shall any single or partial
      exercise of any right, remedy, power or privilege hereunder preclude any other
      or further exercise thereof or the exercise of any other right, remedy, power
      or
      privilege.

     

    3.7  Counterparts.
      This
      Agreement may be executed in any number of counterparts and by the
      different parties hereto on separate counterparts and each such counterpart
      shall be deemed to be an original, but all such counterparts shall together
      constitute but one and the same Agreement. Receipt by telecopy
      of any executed signature page to this Agreement or any other Loan Document
      shall constitute effective delivery of such signature page.

     

    3.8  Severability.
      The
      illegality or unenforceability of any provision of this Agreement or any
      instrument or agreement required hereunder shall not in any way affect or impair
      the legality or enforceability of the remaining provisions of this Agreement
      or
      any instrument or agreement required hereunder.

     

    3.9  Entire
      Agreement.
      This
      Agreement, together with the other Loan Documents, embodies the entire agreement
      and understanding among the parties hereto and supersedes all prior or
contemporaneous
      agreements and understandings of such Persons, verbal or written, relating
      to
      the subject matter hereof and thereof and any prior arrangements made with
      respect to the payment by any Guarantor of (or any indemnification for) any
      fees, costs or expenses payable to or incurred (or to be incurred) by or on
      behalf of the Administrative Agent or the Lenders.

     

    3.10  Successors;
      Assigns.
      This
      Agreement shall be binding upon Guarantors, the Lenders and the
      Administrative Agent and their respective successors and assigns, and shall
      inure to the benefit of Guarantors, Lenders and the Administrative Agent and
      the
      successors and assigns of the Lenders and the Administrative Agent. No other
      Person shall be a direct or indirect legal beneficiary of, or have any direct
      or
      indirect cause of action or
      claim
      in connection
      with, this Agreement or any of the other Loan Documents. No Guarantor may
assign
      or
      transfer any of its rights or Obligations under this Agreement without the
      prior
      written consent of the Administrative Agent.

     

          3.11
Governing
      Law.
      THIS
      AGREEMENT SHALL BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS
      OF THE STATE OF ILLINOIS 

     

     

    
      
        
        

      

      
        -
          6
          -

        
          

        

      

      
        
        

      

    

    APPLICABLE
      TO CONTRACTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD
      TO CONFLICT OF LAWS PRINCIPLES.

     

    3.12  Forum
      Selection; Consent to Jurisdiction.
      ANY
      LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH THIS
      AGREEMENT SHALL BE BROUGHT AND MAINTAINED EXCLUSIVELY IN THE COURTS OF THE
      STATE
      OF ILLINOIS OR IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT
      OF
      ILLINOIS; PROVIDED
      THAT
      NOTHING IN THIS AGREEMENT SHALL BE DEEMED OR OPERATE TO PRECLUDE THE
      ADMINISTRATIVE AGENT FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY
      OTHER JURISDICTION. EACH GUARANTOR HEREBY EXPRESSLY AND IRREVOCABLY
      SUBMITS TO THE JURISDICTION OF THE COURTS OF THE STATE OF ILLINOIS AND OF THE
      UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS FOR THE
      PURPOSE OF ANY SUCH LITIGATION AS SET FORTH ABOVE. EACH GUARANTOR FURTHER
      IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS BY REGISTERED
      MAIL, POSTAGE PREPAID, OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE STATE OF
      ILLINOIS. EACH GUARANTOR HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST
      EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO
      THE
      LAYING OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO
      ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT
      FORUM.

     

    3.13  Waiver
      of Jury Trial.
      EACH
      GUARANTOR, THE ADMINISTRATIVE AGENT AND EACH LENDER HEREBY WAIVES ANY RIGHT
      TO A
      TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS UNDER
      THIS AGREEMENT AND
      ANY
      AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN THE
      FUTURE BE DELIVERED IN CONNECTION HEREWITH AND
      AGREES THAT ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND
      NOT
      BEFORE A JURY.

     

    3.14  Set-off.
      Each
      Guarantor agrees that the Administrative Agent and each Lender have all rights
      of set-off and bankers’ lien provided by applicable law, and in addition
      thereto, each Guarantor agrees that at any time any Event of Default exists,
      the
      Administrative Agent and each Lender may apply to the payment of any Guarantor
      Obligations, whether or not then due, any and all balances, credits, deposits,
      accounts or moneys of such Guarantor then or thereafter with the Administrative
      Agent or such Lender.

     

    3.15  Acknowledgements.
      Each
      Guarantor hereby acknowledges that:

     

    (a)  it
      has
      been advised by counsel in the negotiation, execution and delivery of this
      Agreement and the other Loan Documents to which it is a party;

     

                (b)  
      neither the Administrative Agent nor any Lender has any fiduciary relationship
      with or duty to any Guarantor arising out of or in connection with this

     

     

    
      
        
        

      

      
        -
          7
          -

        
          

        

      

      
        
        

      

    

    Agreement
      or any of the other Loan Documents, and the relationship between the Guarantors,
      on the one hand, and the Administrative Agent and the Lenders, on the other
      hand, in connection herewith or therewith is solely that of debtor and creditor;
      and

     

    (c)  no
      joint
      venture is created hereby or by the other Loan Documents or otherwise exists
      by
      virtue of the transactions contemplated hereby among the Lenders or among the
      Guarantors and the Lenders.

     

    3.16  Additional
      Guarantors.
      Each
      Loan Party that is required to become a party to this Agreement pursuant to
      Section
      10.9
      of the
      Credit Agreement shall become a Guarantor for all purposes of this Agreement
      upon execution and delivery by such Loan Party of a joinder agreement in the
      form of Annex
      I
      hereto.

     

    3.17  Obligations
      and Liens Absolute and Unconditional.
      Each
      Guarantor understands and agrees that the obligations of each Guarantor under
      this Agreement shall be construed
      as a continuing, absolute and unconditional without regard to (a) the validity
      or enforceability of any Loan Document, any of the Guarantor Obligations or
      any
      other collateral security therefor or guaranty or right of offset with respect
      thereto at any time or from time to time held by the Administrative Agent or
      any
      Lender, (b) any defense, set-off or counterclaim (other than a defense of
      payment or performance) which may at any time be available
      to or be asserted by any Guarantor or any other Person against the
      Administrative Agent or any Lender, or (c) any other circumstance whatsoever
      (with or without notice to or knowledge of any Guarantor) which constitutes,
      or
      might be construed to constitute, an equitable or legal discharge of any
      Guarantor for the Guarantor Obligations, in bankruptcy or in any other instance.
      When making any demand hereunder or otherwise pursuing its rights and remedies
      hereunder against any Guarantor, the Administrative Agent or any Lender may,
      but
      shall be under no obligation to, make a similar demand on or otherwise pursue
      such rights and remedies as it may have against any other Guarantor or any
      other
      Person or against any collateral security or guaranty for the Guarantor
      Obligations or any right of offset with respect thereto, and any failure by
      the
      Administrative Agent or any Lender to make any such demand, to pursue such
      other
      rights or remedies or to collect any payments from any other Guarantor or any
      other Person or to realize upon any such collateral security or guaranty or
      to
      exercise any such right of offset, or any release of any other Guarantor or
      any
      other Person or any such collateral security, guaranty or right of offset,
      shall
      not relieve any Guarantor of any obligation or liability hereunder, and shall
      not impair or affect the rights and remedies, whether express, implied or
      available as a matter of law, of the Administrative Agent or any Lender against
      any Guarantor. For the purposes hereof “demand” shall include the commencement
      and continuance of any legal proceedings.

     

        3.18 
      Reinstatement.
      This
      Agreement shall remain in full force and effect and continue to be effective
      should any petition be filed by or against Guarantor or any Issuer for
      liquidation or reorganization, should Guarantor or any Issuer become insolvent
      or make an assignment for the benefit of creditors or should a receiver or
      trustee be appointed for all or any significant part of Guarantor’s or and
      Issuer’s assets, and shall continue to be effective or be reinstated, as the
      case may be, if at any time 

     

     

    
      
        
        

      

      
        -
          8
          -

        
          

        

      

      
        
        

      

    

     

    payment
      and performance of the Guarantor Obligations, or any part thereof, is, pursuant
      to applicable law, rescinded or reduced in amount, or must otherwise be restored
      or returned by any obligee of the Guarantor Obligations, whether as a “voidable
      preference”, “fraudulent conveyance”, or otherwise, all as though such payment
      or performance had not been made. In the event that any payment, or any part
      thereof, is rescinded, reduced, restored or returned, the Guarantor Obligations
      shall be reinstated and deemed reduced only by such amount paid and not so
      rescinded, reduced, restored or returned.

     

    [SIGNATURE
      PAGE FOLLOWS]

     

     

    
      
        
        

      

      
        -
          9
          -

        
          

        

      

      
        
        

      

    

    
 

    Each
      of
      the undersigned has caused this GUARANTY AGREEMENT to be duly executed and
      delivered as of the date first above written.

     

    
      	
              GUARANTORS:

            
	
              HURON
                CONSULTING SERVICES LLC,
                a

              Delaware
                corporation

               

              By: 
                /S/ Gary L. Burge

              Name:
                Gary L. Burge

              Title:
                CFO

               

            
	
              HURON
                CONSULTING GROUP HOLDINGS LLC,
                a
                Delaware limited liability company

              By: 
                /S/ Gary L. Burge

              
                Name:
                  Gary L. Burge

                Title:
                  CFO

              

            
	
               

              SPELTZ
                & WEIS LLC,
                a
                Delaware limited liability company

              By: 
                /S/ Gary L. Burge

              
                Name:
                  Gary L. Burge

                Title:
                  CFO

              

            
	
               

              HURON
                (UK) LIMITED,
                a
                UK limited liability company

              By: 
                /S/ Gary L. Burge

              
                Name:
                  Gary L. Burge

                Title:
                  CFO

                 

              

            
	
              ADMINISTRATIVE
                AGENT:

            
	
              LASALLE
                BANK NATIONAL ASSOCIATION

              By: 
                /S/ David Bacon

              Name:
                David Bacon

              Title:
                VP

            

    

     

     

    
      
        
        

      

      
        -
          10
          -

        
          

        

      

      
        
        

      

    

    
       

      ANNEX
        I

       

      FORM
        OF JOINDER TO GUARANTY AGREEMENT

       

      This
        JOINDER AGREEMENT (this “Agreement”)
        dated
        as of [______] is executed by the undersigned for the benefit of LaSalle
        Bank
        National Association, as the Administrative Agent (the “Administrative
        Agent”)
        in
        connection with that certain GUARANTY AGREEMENT dated as of [_________] among
        the Guarantors party thereto and the Administrative Agent (as amended, restated,
        supplemented or modified from time to time, the “GUARANTY
        AGREEMENT”).
        Capitalized terms not otherwise defined herein are being used herein as defined
        in the GUARANTY AGREEMENT.

       

      Each
        Person signatory hereto is required to execute this Agreement pursuant to
        Section
        3.16
        of the
        GUARANTY AGREEMENT.

       

      In
        consideration of the premises and other good and valuable consideration,
        the
        receipt and sufficiency of which are hereby acknowledged, each signatory
        hereby
        agrees as follows:

       

      1. Each
        such
        Person assumes all the obligations of a Guarantor and a Guarantor under the
        GUARANTY AGREEMENT and agrees that such person or entity is a Guarantor and
        a
        Guarantor and bound as a Guarantor and a Guarantor under the terms of the
        GUARANTY AGREEMENT, as if it had been an original signatory to such agreement.
        

       

      2. Each
        such
        Person’s address for notices under the GUARANTY AGREEMENT shall be the address
        of the Company set forth in the Credit Agreement and each such Person hereby
        appoints the Company as its agent to receive notices hereunder.

       

      3. This
        Agreement shall be deemed to be part of, and a modification to, the GUARANTY
        AGREEMENT and shall be governed by all the terms and provisions of the GUARANTY
        AGREEMENT, with respect to the modifications intended to be made to such
        agreement, which terms are incorporated herein by reference, are ratified
        and
        confirmed and shall continue in full force and effect as valid and binding
        agreements of each such person or entity enforceable against such person
        or
        entity. Each such Person hereby waives notice of the Administrative Agent’s
        acceptance of this Agreement. Each such Person will deliver an executed original
        of this Agreement to the Administrative Agent.

       

      

      

      

      [add
        signature block for each new Guarantor]

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