Document:

exv10w1

 

Exhibit 10.1

 

Credit Agreement

dated as of September 29, 2006

among

Alliance Data Systems Corporation,

as Borrower,

The Guarantors Party Hereto,

The Banks Party Hereto,

Bank of Montreal,

as Letter of Credit Issuer,

and

Bank of Montreal,

as Administrative Agent

 

BMO Capital Markets,

and

SunTrust Capital Markets, Inc.

as Co-Lead Arrangers,

BMO Capital Markets,

as Sole Book Runner,

and

SunTrust Bank

as Syndication Agent, and

JPMorgan Chase Bank, N.A.,

Bank of America, N.A.,

Barclays Bank PLC,

and

Union Bank of California, N.A.

as Co-Documentation Agents

 

 

Table of Contents

	 	 	 	 	 	 	 
	Section	 	Heading	 	Page	 
	 
	 	 	 	 	 	 
	Article 1
	 	Definitions	 	 	1	 
	 
	 	 	 	 	 	 
	Section 1.1
	 	Definitions	 	 	1	 
	Section 1.2.
	 	Accounting Terms and Determinations	 	 	19	 
	Section 1.3.
	 	Types of Borrowings	 	 	19	 
	 
	 	 	 	 	 	 
	Article 2
	 	The Credits	 	 	19	 
	 
	 	 	 	 	 	 
	Section 2.1.
	 	Commitments to Lend	 	 	19	 
	Section 2.2.
	 	Notice of Borrowing	 	 	22	 
	Section 2.3.
	 	Notice to Banks Funding of Loans	 	 	22	 
	Section 2.4.
	 	Evidence of Indebtedness	 	 	23	 
	Section 2.5.
	 	Maturity of Loans	 	 	24	 
	Section 2.6.
	 	Interest Rates	 	 	24	 
	Section 2.7.
	 	Fees	 	 	25	 
	Section 2.8.
	 	Termination or Reduction of Commitments	 	 	26	 
	Section 2.9.
	 	Method of Electing Interest Rates for Loans	 	 	27	 
	Section 2.10.
	 	Optional Prepayments	 	 	28	 
	Section 2.11.
	 	Mandatory Prepayments	 	 	28	 
	Section 2.12.
	 	General Provisions as to Payments	 	 	29	 
	Section 2.13.
	 	Funding Losses	 	 	30	 
	Section 2.14.
	 	Computation of Interest and Fees	 	 	30	 
	Section 2.15.
	 	Regulation D Compensation	 	 	31	 
	Section 2.16.
	 	Increase in Commitments	 	 	31	 
	 
	 	 	 	 	 	 
	Article 2A
	 	Letters of Credit	 	 	32	 
	 
	 	 	 	 	 	 
	Section 2A.1.
	 	Letters of Credit	 	 	32	 
	Section 2A.2.
	 	Minimum Stated Amount	 	 	34	 
	Section 2A.3.
	 	Letter of Credit Requests; Notices of Issuance; Reports	 	 	34	 
	Section 2A.4.
	 	Agreement to Repay Letter of Credit Drawings	 	 	34	 
	Section 2A.5.
	 	Letter of Credit Participations	 	 	35	 	 
	Section 2A.6.
	 	Increased Costs	 	 	37	 	 
	 
	 	 	 	 	 	 
	Article 3
	 	Conditions	 	 	38	 
	 
	 	 	 	 	 	 
	Section 3.1.
	 	Initial Borrowing	 	 	38	 
	Section 3.2.
	 	Each Borrowing	 	 	39	 
	 
	 	 	 	 	 	 
	Article 4
	 	Representations and Warranties	 	 	40	 
	 
	 	 	 	 	 	 
	Section 4.1.
	 	Existence and Power	 	 	40	 
	Section 4.2.
	 	Corporate and Governmental Authorization; No Contravention	 	 	40	 
	Section 4.3.
	 	Binding Effect	 	 	40	 

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	Section	 	Heading	 	Page	 
	 
	 	 	 	 	 	 
	Section 4.4.
	 	Financial Information	 	 	40	 
	Section 4.5.
	 	Litigation	 	 	41	 
	Section 4.6.
	 	Compliance with ERISA	 	 	41	 
	Section 4.7.
	 	Environmental Matters	 	 	42	 
	Section 4.8.
	 	Taxes	 	 	42	 
	Section 4.9.
	 	Subsidiaries	 	 	43	 
	Section 4.10.
	 	Investment Company	 	 	43	 
	Section 4.11.
	 	Full Disclosure	 	 	43	 
	 
	 	 	 	 	 	 
	Article 5
	 	Covenants	 	 	43	 
	 
	 	 	 	 	 	 
	Section 5.1.
	 	Information	 	 	43	 
	Section 5.2.
	 	Payment of Obligations	 	 	46	 
	Section 5.3.
	 	Maintenance of Property; Insurance	 	 	46	 
	Section 5.4.
	 	Conduct of Business and Maintenance of Existence	 	 	46	 
	Section 5.5.
	 	Compliance with Laws	 	 	47	 
	Section 5.6.
	 	Inspection of Property, Books and Records	 	 	47	 
	Section 5.7.
	 	Mergers and Sales of Assets	 	 	47	 
	Section 5.8.
	 	Use of Proceeds	 	 	47	 
	Section 5.9.
	 	Negative Pledge	 	 	48	 
	Section 5.10.
	 	End of Fiscal Years and Fiscal Quarters	 	 	49	 
	Section 5.11.
	 	Maximum Total Capitalization Ratio	 	 	49	 
	Section 5.12.
	 	Senior Leverage Ratio	 	 	49	 
	Section 5.13.
	 	Interest Coverage Ratio	 	 	49	 
	Section 5.14.
	 	Delinquency Ratio	 	 	49	 
	Section 5.15.
	 	Debt Limitation	 	 	49	 
	Section 5.16
	 	Capitalization of Insured Subsidiaries	 	 	50	 
	Section 5.17.
	 	Restricted Payments; Required Dividends	 	 	50	 
	Section 5.18.
	 	Equity Ownership, Limitation On Creation Of Subsidiaries	 	 	51	 
	Section 5.19.
	 	Change Of Business	 	 	51	 
	Section 5.20.
	 	Limitation On Issuance Of Capital Stock	 	 	51	 
	Section 5.21.
	 	Investments; Restricted Acquisition	 	 	51	 
	Section 5.22.
	 	No Restrictions	 	 	53	 
	Section 5.23.
	 	Guarantors	 	 	54	 
	 
	 	 	 	 	 	 
	Article 6
	 	Defaults	 	 	54	 
	 
	 	 	 	 	 	 
	Section 6.1.
	 	Events of Default	 	 	54	 
	Section 6.2.
	 	Notice of Default	 	 	57	 
	 
	 	 	 	 	 	 
	Article 7
	 	The Agent	 	 	57	 
	Section 7.1.
	 	Appointment and Authorization	 	 	57	 
	Section 7.2.
	 	Administrative Agent and Affiliates	 	 	57	 
	Section 7.3.
	 	Action By Administrative Agent	 	 	57	 
	Section 7.4.
	 	Consultation with Experts	 	 	57	 
	Section 7.5.
	 	Liability of Administrative Agent	 	 	58	 
	Section 7.6.
	 	Indemnification	 	 	58	 

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	Section	 	Heading	 	Page	 
	 
	 	 	 	 	 	 
	Section 7.7.
	 	Credit Decision	 	 	58	 
	Section 7.8.
	 	Successor Administrative Agent	 	 	58	 
	 
	 	 	 	 	 	 
	Article 8
	 	Change in Circumstances	 	 	59	 
	 
	 	 	 	 	 	 
	Section 8.1.
	 	Basis for Determining Interest Rate Inaccurate or Unfair	 	 	59	 
	Section 8.2.
	 	Illegality	 	 	59	 
	Section 8.3.
	 	Increased Cost and Reduced Return	 	 	60	 
	Section 8.4.
	 	Taxes	 	 	61	 
	Section 8.5.
	 	Base Rate Loans Substituted for Affected Fixed Rate Loans	 	 	63	 
	Section 8.6.
	 	Limitations on Reimbursement	 	 	63	 
	 
	 	 	 	 	 	 
	Article 9
	 	Performance and Payment Guaranty	 	 	64	 
	 
	 	 	 	 	 	 
	Section 9.1.
	 	Unconditional and Irrevocable Guaranty	 	 	64	 
	Section 9.2.
	 	Enforcement	 	 	65	 
	Section 9.3.
	 	Obligations Absolute	 	 	65	 
	Section 9.4.
	 	Waiver	 	 	66	 
	Section 9.5.
	 	Subrogation	 	 	66	 
	Section 9.6.
	 	Survival	 	 	66	 
	Section 9.7.
	 	Guarantors’ Consent to Assigns	 	 	66	 
	Section 9.8.
	 	Continuing Agreement	 	 	67	 
	Section 9.9.
	 	Entire Agreement	 	 	67	 
	Section 9.10.
	 	Application	 	 	67	 
	 
	 	 	 	 	 	 
	Article 10
	 	Miscellaneous	 	 	67	 
	 
	 	 	 	 	 	 
	Section 10.1.
	 	Notices	 	 	67	 
	Section 10.2.
	 	No Waivers	 	 	67	 
	Section 10.3.
	 	Expenses; Indemnification	 	 	67	 
	Section 10.4.
	 	Sharing of Set-Offs	 	 	68	 
	Section 10.5.
	 	Amendment or Waiver, etc	 	 	68	 
	Section 10.6.
	 	Successors and Assigns	 	 	69	 
	Section 10.7.
	 	Collateral	 	 	71	 
	Section 10.8.
	 	Governing Law; Submission to Jurisdiction	 	 	71	 
	Section 10.9.
	 	Counterparts; Integration; Effectiveness	 	 	72	 
	Section 10.10.
	 	Waiver of Jury Trial	 	 	72	 
	Section 10.11.
	 	Limitation on Interest	 	 	73	 
	Section 10.12.
	 	Currency Equivalent Generally	 	 	73	 
	Section 10.13.
	 	USA Patriot Act	 	 	74	 
	Section 10.14.
	 	Confidentiality	 	 	74	 

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	Schedule I
	 	—	 	Commitments
	Schedule II
	 	—	 	Investment Plan
	Schedule 2A.1
	 	—	 	Existing Letters of Credit
	Schedule 5.9
	 	—	 	Existing Liens
	Schedule 5.21
	 	—	 	Intercompany Investment Commitments
	 
	 	 	 	 
	Appendix I
	 	—	 	Pricing Schedule
	 
	 	 	 	 
	Exhibit A
	 	—	 	Form of Assignment and Assumption Agreement
	Exhibit B-1
	 	—	 	Form of Revolving Note
	Exhibit B-2
	 	—	 	Form of Swing Note
	Exhibit C
	 	—	 	Form of Guarantor Supplement
	Exhibit D
	 	—	 	Form of Commitment Amount Increase Request

-iv-

 

     This Credit Agreement, dated as of September 29, 2006, is entered into by and among
Alliance Data Systems Corporation, a Delaware corporation (the “Borrower”), the
Guarantors from time to time party hereto, the Banks from time to time party
hereto, Bank of Montreal, as Letter of Credit Issuer, and Bank of Montreal, as
Administrative Agent.

     Whereas, the Borrower has requested that the Banks provide a credit facility to the
Borrower on the terms and conditions set forth in this Agreement;

     Now, Therefore, the parties hereto agree as follows:

Article 1

Definitions

     Section 1.1 Definitions. The following terms, as used herein, have the following meanings:

     “Act” has the meaning set forth in Section 10.13.

     “Administrative Agent” means Bank of Montreal in its capacity as agent for the Banks
hereunder, and its successors in such capacity.

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

     “ADSI” means ADS Alliance Data Systems, Inc., a Delaware corporation.

     “Affected Loans” has the meaning set forth in Section 2.11(c).

     “Affiliate” means (i) any Person that directly, or indirectly through one or more
intermediaries, controls the Borrower (a “Controlling Person”) or (ii) any Person (other than the
Borrower or a Subsidiary thereof) which is controlled by or is under common control with a
Controlling Person. As used herein, the term “control” means possession, directly or indirectly,
of the power to vote 10% or more of any class of voting securities of a Person or to direct or
cause the direction of the management or policies of a Person, whether through the ownership of
voting securities, by contract or otherwise. The Affiliates of a Person shall include any officer
or director of such Person.

     “Agreement” means this Credit Agreement, as modified, supplemented, amended, restated
(including any amendment and restatement hereof), extended, renewed or refinanced from time to
time.

     “Annual Measurement Period” has the meaning set forth in Section 5.17(a).

 

 

     “Applicable Facility Fee Percentage” means a rate per annum equal to the applicable rate
specified in the pricing schedule attached hereto as Appendix 1.

     “Applicable Lending Office” means, with respect to any Bank, (i) in the case of its U.S.
Dollar Loans and Canadian Dollar Loans, its Domestic Lending Office, and (ii) in the case of its
Euro-Dollar Loans and Euro-Canadian Dollar Loans, its Euro-Dollar Lending Office.

     “Assignment and Assumption Agreement” means an appropriately completed Assignment and
Assumption Agreement in the form of Exhibit A hereto.

     “Bank” means each bank listed on the signature pages hereof, each Assignee which becomes a
Bank pursuant to Section 10.6(c), and their respective successors.

     “Bankruptcy Code” has the meaning set forth in Section 9.3.

     “Base Rate” means, for any day, a rate per annum equal to the higher of (i) the Prime Rate for
such day and (ii) the sum of 1/2 of 1% plus the Federal Funds Rate for such day.

     “Base Rate Loan” means a Loan which bears interest at the Base Rate pursuant to the provisions
of Articles 2 or 8 hereof.

     “Base Rate Margin” means a percentage per annum equal to the applicable percentage specified
in the pricing schedule attached hereto as Appendix 1.

     “Beneficiaries” has the meaning set forth in Section 9.1.

     “Benefit Arrangement” means at any time an employee benefit plan within the meaning of Section
3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise
contributed to by any member of the ERISA Group.

     “Borrower” has the meaning provided in the first paragraph of this Agreement.

     “Borrowing” has the meaning set forth in Section 1.3.

     “Business Day” means any day except a Saturday, Sunday or other day on which commercial banks
in Chicago, Illinois are authorized by law to close and, if the applicable Business Day relates to
an advance or continuation of, or conversion into, or payment of, a Euro-Dollar Loan or
Euro-Canadian Dollar Loan, on which commercial banks are open for international business (including
dealing in U.S. Dollar or Canadian Dollar deposits, as the case may be) in London, England.

     “Canadian Base Rate” means, for any day, the greater of: (i) the floating annual rate of
interest established by the Administrative Agent from time to time as the reference rate it will
use to determine rates of interest on Canadian Dollar loans to customers in the United States and
designated as its prime rate, as in effect on such day (it being acknowledged and agreed that such

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rate may not be the Administrative Agents’ best or lowest rate); and (ii) the CDOR Rate
applicable on such day plus 1.0%.

     “Canadian Base Rate Loan” means a Loan which bears interest at the Canadian Base Rate pursuant
to the provisions of Articles 2 or 8 hereof.

     “Canadian Base Rate Margin” means a percentage per annum equal to the applicable percentage
specified in the pricing schedule attached hereto as Appendix 1.

     “Canadian Dollar Loans” means and includes each Loan denominated in Canadian Dollars.

     “Canadian Dollars” and “Cdn$” each mean the lawful currency of Canada.

     “Canadian Scheme License” means the Amended and Restated License to Use and Exploit the Air
Miles Scheme in Canada, made as of July 24, 1998, between Air Miles International Trading B.V. and
Loyalty Management, as such may be amended from time to time.

     “Canadian Trademark License” means the Amended and Restated License to Use the Air Miles Trade
Marks in Canada, dated July 24, 1998, between Air Miles International Holdings N.V. and Loyalty
Management, as such may be amended from time to time.

     “Capital Lease” means, at any time, a lease with respect to which the lessee is required
concurrently to recognize the acquisition of an asset and the incurrence of a liability in
accordance with GAAP.

     “Capital Stock” means (a) in the case of a corporation, capital stock, (b) in the case of a
partnership, partnership interests (whether general or limited), (c) in the case of a limited
liability company, membership interests and (d) any other interest or participation in a Person
that confers on the holder the right to receive a share of the profits and losses of, or
distributions of assets of, such Person.

     “CDOR Rate” means on any day the annual rate of interest which is the rate determined as being
the arithmetic average of the quotations of all institutions listed in respect of the “BA 1 Month”
Rate for Canadian Dollar denominated bankers’ acceptances displayed and identified as such on the
“Reuters Screen CDOR Page” (as defined in the International Swap Dealer Association, Inc.
definitions, as modified and amended from time to time) as of 10:00 a.m. Toronto, Ontario local
time on such day and, if such day is not a Business Day, then on the immediately preceding Business
Day (as adjusted by the Administrative Agent after 10:00 a.m. Toronto, Ontario local time to
reflect any error in a posted rate of interest or in the posted average annual rate of interest);
and if such rates are not available on the Reuters Screen CDOR Page on any particular day, then the
CDOR Rate on that day shall be calculated as the 30 day rate applicable to Canadian Dollar
denominated bankers’ acceptances quoted by the Administrative Agent as of 10:00 a.m. Toronto,
Ontario local time on such day; or if such day is

-3-

 

not a Business Day, then as quoted by the Administrative Agent on the immediately preceding
Business Day.

     “Change of Control” means the acquisition by any “person” or “group” (as such terms are used
in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) at any time of
beneficial ownership of 30% or more of the outstanding Voting Stock of the Borrower on a
fully-diluted basis, other than acquisitions of such interests by the Welsh, Carson, Anderson &
Stowe Partnerships or The Limited; provided, that common stock owned by employees (either
individually or through employee stock ownership or other stock based benefit plans) of the
Borrower and its Subsidiaries shall not be included in the calculation of ownership interests for
purposes of this definition or any “change of control.”

     “Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time, and the
regulations promulgated and rulings issued thereunder. Section references to the Code are to the
Code, as in effect on the Effective Date and any subsequent provisions of the Code, amendatory
thereof, supplemental thereto or substituted therefor.

     “Commitment” means, (i) with respect to each Bank listed on the signature pages hereof, the
amount set forth opposite its name on Schedule I hereto under the heading “Commitment,” (ii) with
respect to each assignee that becomes a Bank pursuant to Section 10.6(c), the amount of the
Commitment thereby assumed by it, and (iii) with respect to any Bank that becomes a “Bank” pursuant
to Section 2.16, the amount of such Bank’s Commitment set forth in the applicable Commitment Amount
Increase Request, in each case as such amount may be increased pursuant to Section 2.16, increased
or reduced from time to time pursuant to Section 10.6(c) or reduced from time to time pursuant to
Section 2.8.

     “Commitment Amount Increase” has the meaning set forth in Section 2.16.

     “Commitment Amount Increase Request” means a Commitment Amount Increase Request in the form of
Exhibit D.

     “Consolidated Capital Expenditures” of any Person means, for any period, the additions to
property, plant and equipment and other capital expenditures of such Person and its Consolidated
Subsidiaries for such period, as the same are or would be set forth in a consolidated statement of
cash flows of such Person and its Consolidated Subsidiaries for such period.

     “Consolidated Debt” of any Person means, at any date, the Debt of such Person and its
Consolidated Subsidiaries, determined on a consolidated basis as of such date.

     “Consolidated EBIT” means, for any period, the sum of Consolidated Net Income for such period,
plus, to the extent deducted in determining such Consolidated Net Income, (i) Consolidated Interest
Expense and (ii) federal, state, local and foreign income, value added and similar taxes. If,
during the period for which Consolidated EBIT is being calculated, the Borrower or any Subsidiary
has (i) acquired sufficient Capital Stock of a Person to cause such Person to become a Subsidiary;
(ii) acquired all or substantially all of the assets or operations, division or line of business of
a Person; (iii) disposed of sufficient Capital Stock of a Subsidiary

-4-

 

to cause such Subsidiary to cease to be a Subsidiary; or (iv) disposed of all or substantially
all of the assets or operations of a Subsidiary, Consolidated EBIT shall be calculated after giving
pro forma effect thereto as if such acquisition or disposition had occurred on the first day of
such period.

     “Consolidated Interest Expense” means, for any period, the total interest expense paid on Debt
of the Borrower and its Subsidiaries (including the interest component of Capital Leases) for such
period, determined on a consolidated basis in accordance with GAAP.

     “Consolidated Net Income” of any Person means, for any fiscal period, the net income of such
Person and its Consolidated Subsidiaries, determined on a consolidated basis for such period,
exclusive of the effect of any extraordinary or other nonrecurring gain and loss and excluding all
non-cash adjustments; provided that any cash payment made (or received) with respect to any such
non-cash charge, expense or loss shall be subtracted (added) in computing Consolidated Net Income
during the period in which such cash payment is made (or received).

     “Consolidated Net Worth” of any Person means at any date the consolidated stockholders’ equity
of such Person and its Consolidated Subsidiaries.

     “Consolidated Operating EBITDA” means, for any period, the sum of Consolidated EBIT for such
period, plus, to the extent deducted in determining Consolidated Net Income, (i) depreciation and
amortization expense, including amortization of goodwill and other intangible assets and (ii) the
amount of any change in the Deferred Revenue Account from the beginning of such period to the last
day of such period, less (iii) the amount of any change in the Restricted Cash Account from the
beginning of such period to the last day of such period. If, during the period for which
Consolidated Operating EBITDA is being calculated, the Borrower or any Subsidiary has (i) acquired
sufficient Capital Stock of a Person to cause such Person to become a Subsidiary; (ii) acquired all
or substantially all of the assets or operations, division or line of business of a Person; (iii)
disposed of sufficient Capital Stock of a Subsidiary to cause such Subsidiary to cease to be a
Subsidiary; or (iv) disposed or all or substantially all of the assets or operations of a
Subsidiary, Consolidated Operation EBITDA shall be calculated after giving pro forma effect thereto
as if such acquisition or disposition had occurred on the first day of such period.

     “Consolidated Subsidiary” of any Person means, at any date, any Subsidiary or other entity the
accounts of which would be consolidated with those of such Person in its consolidated financial
statements if such statements were prepared as of such date.

     “Consolidated Total Assets” of any Person means total assets of such Person and its
Subsidiaries, determined on a consolidated basis in accordance with generally accepted accounting
principles less any amount of assets reflected therein to the extent that they have been sold or
pledged pursuant to a Qualified Securitization Transaction that are or may be reflected as Debt on
a balance sheet of such Person.

     “Credit Document” means this Agreement, the Notes and each other document (including any
additional guarantees) executed or delivered in connection herewith or therewith.

-5-

 

     “Credit Party” shall mean the Borrower and each Guarantor.

     “Debt” of any Person means at any date, without duplication (i) all obligations of such Person
for borrowed money, (ii) all obligations of such Person evidenced by bonds, debentures, notes or
other similar instruments, (iii) all obligations of such Person to pay the deferred purchase price
of property or services, except trade accounts payable arising in the ordinary course of business,
(iv) all obligations of such Person as lessee which are capitalized in accordance with generally
accepted accounting principles, (v) all non-contingent obligations (and, for purposes of Section
5.9, Section 5.15 and the definitions of “Material Debt” and “Material Financial Obligations,” all
contingent obligations) of such Person to reimburse any bank or other Person in respect of amounts
paid under a letter of credit or similar instrument, (vi) all Debt secured by a Lien on any asset
of such Person, whether or not such Debt is otherwise an obligation of such Person, (vii) all Debt
of others Guaranteed by such Person, but excluding any Qualifying Deposits and (viii) Redeemable
Stock of the Borrower or any of its Subsidiaries, valued at the amount of all obligations with
respect to the redemption or repurchase thereof or the applicable liquidation preference.
Notwithstanding the foregoing, there shall be excluded from Debt of any Person any obligations of
such Person under a Qualified Securitization Transaction that are or may be reflected as Debt on a
balance sheet of such Person.

     “Default” means any condition or event which constitutes an Event of Default or which with the
giving of notice or lapse of time or both would, unless cured or waived, become an Event of
Default.

     “Deferred Revenue Account” means the account on the consolidating balance sheet of the
Borrower associated solely with the change in revenue recognition by Loyalty Management as required
by the Securities and Exchange Commission of the United States of America.

     “Delinquency Ratio” means, for any calendar month, the percentage equivalent of a fraction (a)
the numerator of which is the aggregate amount of all Managed Receivables the minimum payments on
which are more than 90 days contractually overdue and (b) the denominator of which is all Managed
Receivables, in each case determined as of the last day of such calendar month.

     “Derivatives Obligations” of any Person means all obligations of such Person in respect of any
rate swap transaction, basis swap, forward rate transaction, commodity swap, commodity option,
equity or equity index swap, equity or equity index option, bond option, interest rate option,
foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap
transaction, cross-currency rate swap transaction, currency option or any other similar transaction
(including any option with respect to any of the foregoing transactions), any transaction whose
value is derived from another asset or security, or any combination of the foregoing transactions.

     “Dollars” and “$” means freely transferable lawful money of the United States of America.

-6-

 

     “Domestic Lending Office” means, as to each Bank, its office identified as such on its
Administrative Questionnaire or such other office as such Bank may hereafter designate as its
Domestic Lending Office by notice to the Borrower and the Administrative Agent, which office shall
be located in the United States.

     “Domestic Subsidiary” means any Subsidiary of the Borrower incorporated or organized in the
United States or any state or territory thereof.

     “Effective Date” means September 29, 2006.

     “Eligible Transferee” means and includes a commercial bank, insurance company, financial
institution, fund or other Person (other than a natural person) which regularly purchases interests
in loans or extensions of credit of the types made pursuant to this Agreement, any other Person
(other than a natural person) which would constitute a “qualified institutional buyer” within the
meaning of Rule 144A under the Securities Act as in effect on the Effective Date or other
“accredited investor” (other than a natural person) (as defined in Regulation D of the Securities
Act).

     “Environmental Laws” means any and all federal, state, provincial, local and foreign statutes,
laws, judicial decisions, regulations, ordinances, rules, judgments, orders, decrees, plans,
injunctions, permits, concessions, grants, franchises, licenses, agreements and other governmental
restrictions relating to the environment, the effect of the environment on human health or to
emissions, discharges or releases of pollutants, contaminants, Hazardous Substances or wastes into
the environment including, without limitation, ambient air, surface water, ground water, or land,
or otherwise relating to the manufacture, processing, distribution, use, treatment, storage,
disposal, transport or handling of pollutants, contaminants, Hazardous Substances or wastes or the
cleanup or other remediation thereof.

     “ERISA” means the U.S. Employee Retirement Income Security Act of 1974, as amended, or any
successor statute.

     “ERISA Group” of any Person means such Person, any Subsidiary and all members of a controlled
group of corporations and all trades or businesses (whether or not incorporated) under common
control which, together with the Borrower or any Subsidiary, are treated as a single employer under
Section 414 of the Code.

     “Euro-Canadian Dollar Loan” means a Loan which bears interest at a Euro-Canadian Dollar Rate.

     “Euro-Canadian Dollar Margin” means a percentage per annum equal to the applicable percentage
specified in the pricing schedule attached hereto as Appendix 1.

     “Euro-Canadian Dollar Rate” means a rate of interest determined pursuant to Section 2.6(d) on
the basis of the London Interbank Offered Rate.

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     “Euro-Dollar Lending Office” means, as to each Bank, its office, branch or affiliate
identified as such on the signature pages hereto or such other office, branch or affiliate of such
Bank as it may hereafter designate as its Euro-Dollar Lending Office by notice to the Borrower and
the Administrative Agent.

     “Euro-Dollar Loan” means (i) a Loan which bears interest at a Euro-Dollar Rate or (ii) an
overdue amount which was a Euro-Dollar Loan immediately before it became overdue.

     “Euro-Dollar Margin” means a percentage per annum equal to the applicable percentage specified
in the pricing schedule attached hereto as Appendix 1.

     “Euro-Dollar Rate” means a rate of interest determined pursuant to Section 2.6(b) on the basis
of the London Interbank Offered Rate.

     “Event of Default” has the meaning set forth in Section 6.1.

     “Existing Credit Agreements” means that certain (i) Credit Agreement (364-Day) dated as of
April 10, 2003, by and among the Borrower, the guarantors from time to time party thereto, the
financial institutions from time to time party thereto, and Harris, N.A., as Administrative Agent
for such financial institutions, as the same has been amended, modified or supplemented, (ii)
Credit Agreement (3-Year) dated as of April 10, 2003, by and among the Borrower, the guarantors
from time to time party thereto, the financial institutions from time to time party thereto, and
Harris N.A., as Administrative Agent and Letter of Credit Issuer for such financial institutions,
as the same has been amended, modified, or supplemented and (iii) Credit Agreement (Canadian) dated
as of April 10, 2003, by and among Loyalty Management, the guarantors from time to time party
thereto, the financial institutions from time to time party thereto and Harris N.A., as
Administrative Agent for such financial institutions, as the same has been amended, modified or
supplemented.

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

     “Foreign Pension Plan” means any plan, fund (including, without limitation, any superannuation
fund) or other similar program established or maintained outside the United States of America by
the Borrower or any one or more of its Subsidiaries primarily for the benefit of employees of the
Borrower or such Subsidiaries residing outside the United States of America, which plan, fund or
other similar program provides, or results in, retirement income, a

-8-

 

deferral of income in contemplation of retirement or payments to be made upon termination of
employment, and which plan is not subject to ERISA or the Code.

     “Foreign Subsidiary” means each Subsidiary of the Borrower other than a Domestic Subsidiary.

     “Fronting Fee” has the meaning set forth in Section 2.7(c).

     “GAAP” has the meaning set forth in Section 1.2.

     “Granting Bank” has the meaning set forth in Section 10.6(e).

     “Guaranteed Obligations” has the meaning set forth in Section 9.1.

     “Guarantor” means each direct and indirect Material Domestic Subsidiary of the Borrower that
becomes a Guarantor from time to time after the Effective Date pursuant to Section 5.23.

     “Guarantor Supplement” means an appropriately completed Guarantor Supplement substantially in
the form of Exhibit C hereto.

     “Guaranty” by any Person means any obligation, contingent or otherwise, of such Person
directly or indirectly guaranteeing any Debt of any other Person and, without limiting the
generality of the foregoing, any obligation, direct or indirect, contingent or otherwise, of such
Person (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt
(whether arising by virtue of partnership arrangements, by agreement to keep-well, to purchase
assets, goods, securities or services, to take-or-pay, or to maintain financial statement
conditions or otherwise) or (ii) entered into for the purpose of assuring in any other manner the
holder of such Debt of the payment thereof to protect such holder against loss in respect thereof
(in whole or in part), provided, that the term Guaranty shall not include endorsements for
collection or deposit in the ordinary course of business. The term “Guaranty” used as a verb has a
corresponding meaning.

     “Hazardous Substances” means any toxic, radioactive, caustic or otherwise hazardous substance,
including petroleum, its derivatives, by-products and other hydrocarbons, or any substance having
any constituent elements displaying any of the foregoing characteristics.

     “Hostile Acquisition” means the acquisition of the capital stock or other equity interests of
a Person through a tender offer or similar solicitation of the owners of such capital stock or
other equity interests which has not been approved (prior to such acquisition) by resolutions of
the board of directors of such Person or by similar action if such Person is not a corporation, and
as to which such approval has not been withdrawn.

     “Indemnitee” has the meaning set forth in Section 10.3(b).

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     “Insured Subsidiary” means a Subsidiary of the Borrower which is an “insured depository
institution” under and as defined in the U.S. Federal Deposit Insurance Act (12 U.S.C. 1813(c)(2))
or any successor statute.

     “Intellectual Property” has the meaning set forth in Section 4.12.

     “Intercompany Note” means a promissory note made by the Borrower or any Subsidiary payable to
the order of the Borrower or any of its Subsidiaries.

     “Interest Coverage Ratio” of any Person means, for any period, the ratio of Consolidated
Operating EBITDA of such Person for such period to Consolidated Interest Expense of such Person for
such period.

     “Interest Period” means with respect to each Euro-Dollar Loan or Euro-Canadian Dollar Loan,
the period commencing on the date of borrowing specified in the applicable Notice of Borrowing or
on the date specified in the applicable Notice of Interest Period Election and ending one, two,
three or six months thereafter, as the Borrower may elect in the applicable notice; provided that:

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

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

     (iii) any Interest Period which would otherwise end after the Maturity Date shall end
on the Maturity Date (unless such date is not a Business Day, in which case such Interest
Period shall end on the latest Business Day to occur prior to the Maturity Date).

     “Investment” means any investment in any Person, whether by means of share purchase, capital
contribution, loan, Guaranty, time deposit or otherwise (but not including any demand deposit).

     “L/C Participant” has the meaning set forth in Section 2A.5.

     “L/C Supportable Obligations” means and includes obligations of the Borrower or its
Subsidiaries incurred in the ordinary course of business as are reasonably acceptable to the
Administrative Agent and the respective Letter of Credit Issuer and otherwise permitted to exist
pursuant to the terms of this Agreement.

     “Letter of Credit” has the meaning set forth in Section 2A.1(a).

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     “Letter of Credit Commitment” means U.S. $50,000,000, as the same may be reduced from time to
time pursuant to Section 2.8.

     “Letter of Credit Fee” has the meaning set forth in Section 2.7(b).

     “Letter of Credit Issuer” means the Administrative Agent (or any of its affiliates) in its
individual capacity and any Bank which at the request of the Borrower and with the consent of the
Administrative Agent (in the Administrative Agent’s reasonable discretion) agrees, in such Bank’s
sole discretion, to become a Letter of Credit Issuer for the purpose of issuing Letters of Credit.
The Letter of Credit Issuer on the Effective Date is the Administrative Agent (and its affiliate
Harris N.A.) in its individual capacity.

     “Letter of Credit Outstandings” means, at any time, the sum of, without duplication, (i) the
aggregate U.S. Dollar Equivalent of the Stated Amount of all outstanding Letters of Credit and (ii)
the aggregate U.S. Dollar Equivalent of all Unpaid Drawings in respect of all Letters of Credit.

     “Letter of Credit Request” has the meaning set forth in Section 2A.3(a).

     “License Agreements” means the Canadian Trademark License, the US Trademark License, the
Canadian Scheme License, and the US Scheme License.

     “Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, hypothec,
security interest or encumbrance of any kind, or any other type of preferential arrangement that
has the practical effect of creating a security interest, in respect of such asset. For the
purposes of this Agreement, the Borrower or any Subsidiary shall be deemed to own subject to a Lien
any asset which it has acquired or holds subject to the interest of a vendor or lessor under any
conditional sale agreement, capital lease or other title retention agreement relating to such
asset.

     “Loan” means a loan made by a Bank pursuant to Section 2.1; provided, that if any such loan or
loans (or portions thereof) are combined or subdivided pursuant to a Notice of Interest Period
Election, the term “Loan” shall refer to the combined principal amount resulting from such
combination or to each of the separate principal amounts resulting from such subdivision, as the
case may be.

     “London Interbank Offered Rate” means, for any Interest Period, (a) with respect to any
Euro-Dollar Loan, either (i) the rate per annum (rounded upward, if necessary, to the next higher
1/100th of 1%) for deposits in Dollars for a period equal to such Interest Period, which appears on
Telerate Page 3750 (or any successor page) as of 11:00 a.m. (London, England time) on the day two
Business Days before the commencement of such Interest Period or (ii) if the rate in clause (i) of
this definition is not shown for any particular day, the rate per annum (rounded upward, if
necessary, to the next higher 1/100th of 1%) at which deposits in U.S. Dollars are offered to the
Administrative Agent in the London interbank market at approximately 11:00 a.m. (London, England
time) two Business Days before the first day of such Interest Period in an amount approximately
equal to the principal amount of the Euro-Dollar Loans of the Administrative Agent to which such
Interest Period is to apply and for a period of time

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comparable to such Interest Period and (b) with respect to any Euro-Canadian Dollar Loan,
either (i) the rate per annum shown on “LIBOR 02 Page” (or any substitute therefor) of Reuters
Monitor Money Rates Service or, if such LIBOR 02 Page is not available, at the rate per annum shown
on page 3740 of the Telerate screen (or any successor page) as the composite offered rate for
deposits in Canadian Dollars in the interbank Euro-Canadian Dollar market with a period comparable
to the Interest Period for such Euro-Canadian Dollar Loan as at 11:00 a.m. (London, England time)
two Business Days prior to the first day of such Interest Period or (ii) if the rate in clause (i)
of this definition is not shown for any particular day, the average interest rate per annum
(rounded upwards if necessary to the next 1/100th of 1%) offered to the Administrative Agent in the
interbank Euro-Canadian Dollar market for Canadian Dollar deposits, for delivery in immediately
available funds on the first day of such Interest Period, of amounts comparable to the principal
amount of the Euro-Canadian Dollar Loan to which such rate is to apply with maturities comparable
to the Interest Period for which such rate will apply as of approximately 11:00 a.m. (London,
England time) two Business Days prior to the first day of such Interest Period.

     “Loyalty Management” means Loyalty Management Group Canada Inc., an Ontario corporation.

     “Managed Receivables” of any Person means for any date all credit card receivables originated
by such Person as of such date regardless of whether such credit card receivables are determined,
with respect to such Person’s financial statements, to be “on-balance sheet” or “off-balance
sheet.”

     “Material Adverse Effect” means (a) a material adverse change in, or material adverse effect
upon, the business, financial condition or operations of the Borrower and its Consolidated
Subsidiaries taken as a whole, (b) a material impairment of the ability of the Borrower and the
Guarantors to perform their material obligations under the Credit Documents or (c) a material
adverse effect upon the legality, validity, binding effect or enforceability against the Credit
Parties of the Credit Documents or the material rights and remedies of the Administrative Agent and
the Banks thereunder.

     “Material Asset” means an asset or assets having a fair market value in excess of $25,000,000.

     “Material Debt” means Debt (other than the Loans hereunder) (i) of a Person and/or one or more
of its Subsidiaries, arising in one or more related or unrelated transactions, in an aggregate
principal or face amount exceeding U.S. $25,000,000 and (ii) under the Note Purchase Agreement.

     “Material Domestic Subsidiary” means each Domestic Subsidiary that is a Material Subsidiary.

     “Material Financial Obligations” of any Person means a principal or face amount of Debt and/or
payment or collateralization obligations in respect of Derivatives Obligations of

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such Person and/or one or more of its Subsidiaries, arising in one or more related or
unrelated transactions, exceeding in the aggregate U.S. $25,000,000.

     “Material Plan” means at any time a Plan or Plans having aggregate Unfunded Liabilities in
excess of U.S. $25,000,000.

     “Material Subsidiary” means each direct or indirect Subsidiary which (i) owned as of the end
of the most recently completed fiscal quarter (or, in the case of an acquired Subsidiary, on a pro
forma basis would have owned) assets that represent in excess of 10% of the Consolidated Total
Assets of the Borrower as of the end of such fiscal quarter or (ii) generated (or, in the case of
an acquired Subsidiary, on a pro forma basis would have generated) annual revenues in excess of 10%
of the consolidated total revenues for the Borrower and its Consolidated Subsidiaries for the most
recently completed fiscal year.

     “Maturity Date” means September 29, 2011.

     “Maximum Annual Amount” is defined in Section 5.17(a).

     “Multiemployer Plan” means at any time an employee pension benefit plan within the meaning of
Section 4001(a)(3) of ERISA to which any member of the ERISA Group is then making or accruing an
obligation to make contributions or has within the preceding five plan years made contributions,
including for these purposes any Person which ceased to be a member of the ERISA Group during such
five year period.

     “Note” has the meaning set forth in Section 2.4(d).

     “Note Purchase Agreement” means the Note Purchase Agreement dated as of May 1, 2006 among the
Borrower and the Purchasers from time to time party thereto relating to the sale by the Borrower of
its $250,000,000 6.00% Senior Notes, Series A, due May 16, 2009 and its $250,000,000 6.14% Senior
Notes, Series B, due May 16, 2011, as the same may be amended, modified, supplemented, replaced or
refinanced from time to time.

     “Notice of Borrowing” has the meaning set forth in Section 2.2.

     “Notice of Interest Period Election” has the meaning set forth in Section 2.9.

     “Obligations” means (i) all amounts owing to the Administrative Agent or any Bank pursuant to
the terms of this Agreement or any other Credit Document and (ii) so long as there are amounts
owing under clause (i), Derivatives Obligations from time to time owed to a Person that, at the
time of incurrence thereof, was a Bank or an Affiliate of a Bank.

     “Original Currency” has the meaning set forth in Section 10.8(b).

     “Original Dollar Amount” means (i) the amount of any Obligation denominated in U.S. Dollars,
(ii) in relation to any Euro-Canadian Dollar Loan, the U.S. Dollar Equivalent of

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such Loan on the first day of its Interest Period and (iii) in relation to any Canadian Base
Rate Loan, the U.S. Equivalent of such Loan on the day such determination is required.

     “Other Currency” has the meaning set forth in Section 10.8(b).

     “Other Taxes” has the meaning set forth in Section 8.4(a).

     “Parent” means, with respect to any Bank, any Person controlling such Bank.

     “Participant” has the meaning set forth in Section 10.6(b).

     “Payment Office” means the office of the Administrative Agent located at 115 South LaSalle
Street, Chicago, Illinois 60603, or such other office as the Administrative Agent may hereafter
designate in writing as such to the other parties hereto.

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

     “Percentage” means at any time for each Bank with a Commitment, the percentage obtained by
dividing such Bank’s Commitment by the Total Commitment, provided that if the Total Commitment has
been terminated, the Percentage of each Bank shall be determined by dividing the percentage held by
such Bank (including through participation interests in Letter of Credit Outstandings and Swing
Loans), of the aggregate principal amount of all Loans and Letter of Credit Outstandings.

     “Person” means an individual, a corporation, a limited liability company, a partnership, an
association, a trust or any other entity or organization, including a government or political
subdivision or an agency or instrumentality thereof.

     “Plan” means at any time an employee pension benefit plan (other than a Multiemployer Plan)
which is covered by Title IV of ERISA or subject to the minimum funding standards under Section 412
of the Code and either (i) is maintained, or contributed to, by any member of the ERISA Group for
employees of any member of the ERISA Group or (ii) has at any time within the preceding five years
been maintained, or contributed to, by any Person which was at such time a member of the ERISA
Group for employees of any Person which was at such time a member of the ERISA Group.

     “Prime Rate” means the rate of interest announced or otherwise established by the
Administrative Agent from time to time as its Prime Rate.

     “Qualified Securitization Subsidiary” means a Subsidiary that is a special purpose entity used
in connection with a Qualified Securitization Transaction.

     “Qualified Securitization Transaction” means a securitization or other sale or financing of
credit card receivables.

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     “Qualifying Deposits” means deposits that are (i) insured by the U.S. Federal Deposit
Insurance Corporation and (ii) do not exceed the difference between (A) the amount of seller’s
interest and credit card receivables minus (B) the allowance for doubtful accounts related to
seller’s interest and credit card receivables, in each case as shown on the consolidated balance
sheet of the Borrower and its Subsidiaries.

     “Quarterly Dates” has the meaning set forth in Section 2.6(a).

     “Redeemable Stock” means Capital Stock of the Borrower or any of its Subsidiaries that is
redeemable at the option of the holder thereof or that constitutes preferred stock.

     “Refunded Swing Loans” has the meaning set forth in Section 2.1(c).

     “Refunding Date” has the meaning set forth in Section 2.1(d).

     “Refunding Swing Loan” has the meaning set forth in Section 2.1(c).

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

     “Required Banks” means Banks the sum of whose outstanding Commitments (or after the
termination thereof, outstanding Revolving Loans and Percentages of Swing Loans and Letter of
Credit Outstandings) represent an amount greater than 50% of the sum of the Total Commitment (or
after the termination thereof, the sum of the total outstanding Revolving Loans and Percentages of
Swing Loans and Letter of Credit Outstandings at such time).

     “Reserve Percentage” means for any day that percentage (expressed as a decimal) which is in
effect on such day, as prescribed by the Board of Governors of the Federal Reserve System (or any
successor) for determining the maximum reserve requirement for a member bank of the Federal Reserve
System in New York City with deposits exceeding five billion dollars in respect of “Eurocurrency
Liabilities” (or in respect of any other category of liabilities which includes deposits by
reference to which the interest rate on Euro-Dollar Loans is determined or any category of
extensions of credit or other assets which includes loans by a non-United States office of any Bank
to United States residents).

     “Restricted Acquisition” means any acquisition, whether in a single transaction or series of
related transactions, by the Borrower or any one or more of its Subsidiaries, or any combination
thereof, of (i) all or a substantial part of the assets, or all or any substantial part of a going
business or division, of any Person, whether through purchase of assets or securities, by merger or
otherwise, (ii) control of securities of an existing corporation or other Person having ordinary
voting power (apart from rights accruing under special circumstances) to elect a majority of the
board of directors of such corporation or other Person or (iii) control of a greater than 50%
ownership interest in any existing partnership, joint venture or other Person).

     “Restricted Cash” means cash required by the Borrower and its Subsidiaries to fund
securitization spread accounts, cash collateral accounts relating to securitization of credit card

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receivables, excess funding accounts relating to securitization of credit card receivables and
cash restricted to fund future Air Miles redemptions.

     “Restricted Cash Account” means the account on the consolidating balance sheet of the
Borrower related solely to redemption settlement assets of Loyalty Management’s “Air Miles
Program.”

     “Restricted Payment” means (i) any dividend or other distribution on any shares of a Person’s
(including any Credit Party’s) capital stock (except dividends or distributions payable solely in
shares of its capital stock and except dividends and distributions payable to the Borrower or any
of its Subsidiaries) or (ii) any payment on account of the purchase, redemption, retirement or
acquisition of (a) any shares of a Person’s (including any Credit Party’s) capital stock or (b) any
option, warrant or other right to acquire shares of a Person’s capital stock (but not including (1)
payments of principal, premium (if any) or interest made pursuant to the terms of convertible debt
securities prior to conversion, (2) payments made to the Borrower or any of its Subsidiaries, and
(3) payments made solely in shares of (or solely out of the net proceeds of a substantially
concurrent issuance of) such Person’s (including any Credit Party’s) capital stock or options,
warrants or other rights to acquire shares of such Persons’ (including any Credit Party’s) capital
stock).

     “Revolving Loan” has the meaning set forth in Section 2.1(a).

     “Revolving Note” has the meaning set forth in Section 2.4(d).

     “Senior Leverage Ratio” means, at any time, the ratio of (x) all principal amounts owing by
the Borrower and its Subsidiaries pursuant to the terms of (i) this Agreement or any other Credit
Document and the Note Purchase Agreement and all extensions, renewals, refinancings, refundings and
replacements of any of the foregoing, in whole or in part (in each case other than Subordinated
Debt), and (ii) any credit agreement, note purchase agreement, indenture or other credit facility
relating to Debt (in each case other than Subordinated Debt) permitted by Section 5.15(viii) to (y)
Consolidated Operating EBITDA of the Borrower and its Subsidiaries for the twelve months then most
recently ended.

     “SPC” has the meaning set forth in Section 10.6(e).

     “Stated Amount” of each Letter of Credit means the maximum amount available to be drawn
thereunder (regardless of whether any conditions for drawing could then be met).

     “Subordinated Debt” means subordinated Debt of the Borrower or any Guarantor, provided that
(i) such Debt shall be expressly subordinated in right of payment to the Obligations in a manner
reasonably acceptable to the Administrative Agent and (ii) such Debt shall be unsecured and
unguaranteed other than guarantees issued by Guarantors which are subordinated in right of payment
to the obligations of such Guarantors hereunder pursuant to subordination terms reasonably
acceptable to the Administrative Agent.

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     “Subsidiary” means, as to any Person, any corporation or other entity of which securities or
other ownership interests having ordinary voting power to elect a majority of the board of
directors or other persons performing similar functions are at the time directly or indirectly
owned by such Person; unless otherwise specified, “Subsidiary” means a Subsidiary of the Borrower.

     “Swing Borrowing” means a Borrowing pursuant to subsection 2.1(b).

     “Swing Lender” means the Administrative Agent and any Bank which agrees in its sole
discretion, with the consent of the Administrative Agent and the Borrower, to replace the
Administrative Agent as the Swing Lender hereunder.

     “Swing Loan Commitment” means U.S. $50,000,000, as the same may be reduced from time to time
pursuant to Section 2.8.

     “Swing Loan Refund Amount” has the meaning set forth in subsection 2.1(c).

     “Swing Loans” has the meaning set forth in Section 2.1(b).

     “Swing Margin” means a percentage per annum equal to the applicable percentage specified in
the pricing schedule attached hereto as Appendix 1.

     “Swing Note” has the meaning set forth in Section 2.4(d).

     “Taxes” is defined in Section 8.4(a).

     “The Community Reinvestment Act” means The Community Reinvestment Act of 1977 (12 U.S.C. 2901
et seq.) as amended.

     “The Limited” means Limited Commerce Corp., a Delaware corporation and its successors and
assigns.

     “Total Capitalization Ratio” means, for any Person, the ratio of (x) Consolidated Debt of
such Person at such time to (y) the sum of (i) Consolidated Debt of such Person at such time plus
(ii) Consolidated Net Worth of such Person at such time.

     “Total Commitment” means the aggregate amount of the Commitments of each of the Banks.

     “Type” means the type of Loan determined according to the interest option applicable thereto
and the currency in which such Loan is denominated; i.e., whether a Base Rate Loan, a Canadian Base
Rate Loan, a Euro-Dollar Loan, or a Euro-Canadian Dollar Loan and whether advanced in U.S. Dollars
or Canadian Dollars.

     “Unfunded Liabilities” means, with respect to any Plan at any time, the amount (if any) by
which (i) the value of all benefit liabilities under such Plan, determined on a plan termination

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basis using the assumptions prescribed by the PBGC for purposes of Section 4044 of ERISA,
exceeds (ii) the fair market value of all Plan assets allocable to such liabilities under Title IV
of ERISA (excluding any accrued but unpaid contributions), all determined as of the then most
recent valuation date for such Plan, but only to the extent that such excess represents a potential
liability of a member of the ERISA Group to the PBGC or any other Person under Title IV of ERISA.

     “Unpaid Drawing” has the meaning set forth in Section 2A.4(a).

     “United States” means the United States of America, including the States and the District of
Columbia, but excluding its territories and possessions.

     “U.S. Dollar Equivalent” means, at any time, (a) with respect to any amount denominated in
U.S. Dollars, such amount and (b) with respect to any amount denominated in Canadian Dollars, the
amount of U.S. Dollars which would be realized by converting Canadian Dollars into U.S. Dollars at
the exchange rate quoted to the Administrative Agent at approximately 11:00 a.m. (London, England
time) two Business Days prior to the date on which a computation thereof is required to be made, by
major banks in the interbank foreign exchange market for the purchase of U.S. Dollars for Canadian
Dollars.

     “U.S. Dollar Loans” means and includes each Loan denominated in U.S. Dollars.

     “U.S. Dollars” and “U.S. $” shall mean freely transferable lawful money of the United States
of America.

     “US Scheme License” means the Amended and Restated License to Use and Exploit the Air Miles
Scheme in the United States, dated July 24, 1998, between Air Miles International Trading B.V. and
the Borrower, as such agreement may be amended from time to time.

     “US Trademark License” means the Amended and Restated License to Use the Air Miles Trade Marks
in the United States, dated July 24, 1998, between Air Miles International Holdings B.V. and the
Borrower, as such agreement may be amended from time to time.

     “Voting Stock” of any Person means the equity interests of such Person that are, under
ordinary circumstances, entitled to vote in the election of the board of directors or other persons
performing similar functions of such Person.

     “Welsh, Carson, Anderson & Stowe Partnerships” means each Welsh, Carson, Anderson & Stowe
limited partnership, as constituted on the Effective Date, as may be constituted in the future and
any partner, partnership or Affiliate of any of them and their respective successors and assigns.

     “WFNNB” means World Financial Network National Bank, a limited purpose national banking
association wholly owned by the Borrower.

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     “Wholly-Owned Subsidiary” means, as to any Person, any corporation or other entity 100% of
whose Voting Stock (other than director’s qualifying shares) is at the time owned by such Person
and/or one or more Wholly-Owned Subsidiaries of such Person.

     Section 1.2. Accounting Terms and Determinations. Unless otherwise specified herein, all
accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be
made, and all financial statements required to be delivered hereunder shall be prepared in
accordance with generally accepted accounting principles in the United States as in effect from
time to time, applied on a basis consistent (except for changes concurred in by the Borrower’s
independent public accountants) with the most recent audited consolidated financial statements of
the Borrower and its Consolidated Subsidiaries delivered to the Banks (“GAAP”); provided that, (i)
all calculations of financial covenants and corresponding accounting terms shall include for all
periods covered thereby pro forma adjustments for the (x) actual historical financial performance
of and (y) identifiable cost savings associated with providing data processing services to any
entities acquired as permitted under Section 5.21(b) and (ii) if the Borrower notifies the
Administrative Agent that the Borrower wishes to amend any covenant in Article 5 to eliminate the
effect of any change in generally accepted accounting principles on the operation of such covenant
(or if the Administrative Agent notifies the Borrower that the Required Banks wish to amend Article
5 for such purpose), then the Borrower’s compliance with such covenant shall be determined on the
basis of generally accepted accounting principles in effect immediately before the relevant change
in generally accepted accounting principles became effective, until either such notice is withdrawn
or such covenant is amended in a manner satisfactory to the Borrower and the Required Banks.

     Section 1.3. Types of Borrowings. The term “Borrowing” denotes the aggregation of Loans of
one or more Banks to be made to the Borrower pursuant to Article 2 on the same date, all of which
Loans are of the same Type (subject to Article 8) and, except in the case of Base Rate Loans or
Canadian Base Rate Loans, have the same initial Interest Period.

Article 2

The Credits

     Section 2.1. Commitments to Lend. (a) Revolving Loans. At any time on or after the Effective
Date and prior to the Maturity Date, each Bank with a Commitment severally agrees, on the terms and
conditions set forth in this Agreement, to make loans (each a “Revolving Loan” and, collectively,
the “Revolving Loans”) to the Borrower pursuant to this Section from time to time in U.S. Dollars
or Canadian Dollars in amounts such that the Original Dollar Amount of all Revolving Loans made by
such Bank to the Borrower at any one time outstanding, when combined with such Bank’s Percentage of
the U.S. Dollar Equivalent of all Swing Loans and Letter of Credit Outstandings at such time, shall
not exceed the amount of its Commitment. The sum of the Original Dollar Amount of all Revolving
Loans denominated in Canadian Dollars plus the U.S. Dollar Equivalent of all Swing Loans and Letter
of Credit Outstandings denominated in Canadian Dollars shall not exceed
U.S. $50,000,000. Each Borrowing under this Section (i) in U.S. Dollars shall be in an amount
equal to U.S. $5,000,000 or any larger multiple of U.S. $1,000,000 and (ii) in Canadian Dollars
shall be in an amount equal to Cdn $5,000,000

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or any larger multiple of Cdn $1,000,000 (except that
in each case any such Borrowing may be in the aggregate amount of the then unutilized Commitment)
and shall be made from the several Banks ratably in proportion to their respective Commitments.
Revolving Loans shall either be Base Rate Loans, Euro-Dollar Loans, Canadian Base Rate Loans, or
Euro-Canadian Dollar Loans. Within the foregoing limits, the Borrower may borrow under this
Section, prepay Revolving Loans to the extent permitted by Section 2.10, and reborrow at any time
prior to the Maturity Date.

     (b) Swing Loans. From time to time on or after the Effective Date and prior to the Maturity
Date, the Swing Lender agrees, on the terms and conditions set forth in this Agreement, to make
loans (each a “Swing Loan” and, collectively, the “Swing Loans”) to the Borrower pursuant to this
Section 2.1(b) in amounts such that (i) the U.S. Dollar Equivalent of Swing Loans made by the Swing
Lender to the Borrower does not at any time exceed the Swing Loan Commitment of the Swing Lender
and (ii) the sum of the Original Dollar Amount of all Revolving Loans and U.S. Dollar Equivalent of
all Swing Loans at such time, when added to the U.S. Dollar Equivalent of all Letter of Credit
Outstandings at such time, does not exceed the Total Commitment. Each Borrowing under this Section
2.1(b) shall be in a U.S. Dollar Equivalent of at least U.S. $5,000,000. Within the foregoing
limits, the Borrower may borrow under this Section 2.1(b), repay or, to the extent permitted by
Section 2.10, prepay Swing Loans and reborrow at any time prior to the Maturity Date.

     (c) Refunding of Swing Loans with Syndicated Loans. Provided that no condition described in
Section 3.2 was knowingly waived by the Swing Lender with respect to the making of such Swing Loan,
the Swing Lender, at any time and from time to time in its sole and absolute discretion, may on
behalf of the Borrower (which hereby irrevocably directs the Swing Lender to act on its behalf), on
notice given by the Swing Lender no later than 10:30 a.m. (Chicago, Illinois time) on the proposed
date of Borrowing for the Base Rate Loans, if such Swing Loan is denominated in U.S. Dollars, or
Canadian Base Rate Loans, if such Swing Loan is denominated in Canadian Dollars, referred to below,
request each Bank to make, and each Bank hereby agrees to make, a Revolving Loan which shall be a
Base Rate Loan or Canadian Base Rate Loan, as applicable, (a “Refunding Swing Loan”) under Section
2.1(a) in an amount (with respect to each Bank, its “Swing Loan Refund Amount”) equal to such
Bank’s Percentage of the aggregate principal amount of such Swing Loans (the “Refunded Swing
Loans”) outstanding on the date of such notice, to repay the Swing Lender. Unless any of the
events described in Section 6.1(g) or (h) with respect to the Borrower shall have occurred and be
continuing or the Commitments shall have been terminated in full (in which case the procedures of
Section 2.1(d) shall apply), each Bank shall make such Base Rate Loan or Canadian Base Rate Loan
available to the Administrative Agent at its Payment Office in immediately available funds, not
later than 12:00 Noon (Chicago, Illinois time), on the date of such notice. The Administrative
Agent shall pay the proceeds of such Base Rate Loans or Canadian Base Rate Loans, as applicable, to
the Swing Lender, which shall immediately apply such proceeds to repay its Refunded Swing Loans.
Effective on the day such Base Rate Loans or Canadian Base Rate Loans, as applicable, are made, the
portion of the Swing Loans so paid shall no longer be outstanding as Swing Loans, shall no longer
be due as Swing Loans under the Swing Note held by the Swing Lender, and
shall be due as Base Rate Loans or Canadian Base Rate Loans, as applicable, under the respective
Revolving Notes issued to the Banks (including the Swing Lender) in accordance with

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their
respective ratable share of the Commitments. The Borrower authorizes the Swing Lender to charge
the Borrower’s accounts with the Administrative Agent (up to the amount available in each such
account) in order to immediately pay the amount of such Refunded Swing Loans to the extent amounts
received from the Banks are not sufficient to repay in full such Refunded Swing Loans. The Swing
Lender agrees to give notice to the Borrower should it decide to refund Swing Loans with Revolving
Loans pursuant to this subsection 2.1(c); provided, that such Swing Lender’s failure to give such
notice (or any delay therein) does not affect the validity or the effectiveness of such Notice of
Borrowing or the refunding of Swing Loans pursuant thereto.

     (d) Purchase of Participations in Swing Loans. Provided that no condition described in
Section 3.2 was knowingly waived by the Swing Lender with respect to the making of such Swing Loan,
if prior to the time Revolving Loans would have otherwise been made pursuant to Section 2.1(c), one
of the events described in Section 6.1(g) or (h) with respect to the Borrower shall have occurred
and be continuing or the Commitments shall have been terminated in full, each Bank shall, on the
date such Base Rate Loans or Canadian Base Rate Loans, as applicable, were to have been made
pursuant to the notice referred to in Section 2.1(c) (the “Refunding Date”), purchase an undivided
participating interest in the Swing Loans in an amount equal to such Bank’s Swing Loan Refund
Amount. On and after the Refunding Date, the related Swing Loan will accrue interest as though
such Swing Loan were a Base Rate Loan or Canadian Base Rate Loan, as applicable. On the Refunding
Date, each Bank shall transfer to the Swing Lender, in immediately available funds, such Bank’s
Swing Loan Refund Amount, and upon receipt thereof such Bank shall be deemed to have purchased an
undivided participating interest in such Swing Loans as of such date of receipt, in the Swing Loan
Refund Amount of such Bank.

     (e) Payments on Participated Swing Loans. At any time after a Swing Lender has received from
any Bank such Bank’s Swing Loan Refund Amount pursuant to Section 2.1(d) and such Swing Lender
receives any payment on account of the Swing Loans in which the Banks have purchased participations
pursuant to Section 2.1(d), such Swing Lender will promptly distribute to each such Bank its
ratable share (determined on the basis of the Swing Loan Refund Amounts of all of the Banks) of
such payment (appropriately adjusted, in the case of interest payments, to reflect the period of
time during which such Bank’s participating interest was outstanding and funded); provided,
however, that in the event that such payment received by such Swing Lender is required to be
returned, such Bank will return to such Swing Lender any portion thereof previously distributed to
it by such Swing Lender.

     (f) Obligations to Refund or Purchase Participations in Swing Loans Absolute. Each Bank’s
obligation to transfer the amount of a Base Rate Loan or Canadian Base Rate Loan, as applicable, to
the Swing Lender as provided in Section 2.1(c) or to purchase a participating interest pursuant to
Section 2.1(d) shall be absolute and unconditional and shall not be affected by any circumstance,
including, without limitation, (i) any set-off, counterclaim, recoupment, defense or other right
which such Bank, or any other Person may have against the Swing Lender or any other Person, (ii)
the occurrence or continuance of a Default or the reduction of the Commitments, (iii) any adverse
change in the condition (financial or otherwise) of any Credit Party or Subsidiary of a Credit
Party or any other Person, (iv) any breach of this Agreement by a
Credit Party, any other Bank or any other Person or (v) any other circumstance, happening or event
whatsoever, whether or not similar to any of the foregoing.

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     Section 2.2. Notice of Borrowing. (a) The Borrower shall give the Administrative Agent notice
(a “Notice of Borrowing”) in respect of the Borrowing of Loans, other than Swing Loans and
Refunding Swing Loans, not later than 11:00 a.m. (Chicago,
Illinois time) on (w) the Business Day
of the Borrowing if such Borrowing is to be a Base Rate Borrowing, (x) the first Business Day
immediately preceding the date of the Borrowing if such Borrowing is to be a Canadian Base Rate
Borrowing, (y) the third Business Day immediately preceding the date of the Borrowing if such
Borrowing is to be a Euro-Dollar Borrowing and (z) the fourth
Business Day immediately preceding the date of the Borrowing if such
Borrowing is to be a Euro-Canadian Dollar Borrowing, specifying:

     (i) the date of such Borrowing, which shall be a Business Day;

     (ii) what Type of Loans are to be borrowed and whether the Loans comprising such
Borrowing are to (i) be denominated in U.S. Dollars or Canadian Dollars, and (ii) bear
interest initially at the Base Rate or a Euro-Dollar Rate in the case of a U.S. Dollar
Borrowing or the Canadian Base Rate or a Euro-Canadian Dollar Rate in the case of a Canadian
Dollar Borrowing;

     (iii) in the case of a Euro-Dollar Rate Borrowing or a Euro-Canadian Dollar Rate
Borrowing, the duration of the initial Interest Period applicable thereto, subject to the
provisions of the definition of Interest Period and (x) in the case of a Base Rate
Borrowing, the date, if any, on which such Revolving Loan will be converted to a Euro-Dollar
Loan and (y) in the case of a Canadian Base Rate Borrowing, the date, if any, on which such
Loan will be converted to a Euro-Canadian Dollar Loan; and

     (iv) the aggregate amount of such Borrowing.

     (b) The Borrower shall give the Swing Lender a Notice of Borrowing in respect of Swing Loans
not later than 1:00 p.m. (Chicago, Illinois time) on the date of Borrowing of such Swing Loans
(which shall be a Domestic Business Day), specifying the amount of such Borrowing.

     (c) Refunding Swing Loans shall be made on the notice provided in Section 2.1(e).

     Section 2.3. Notice to Banks Funding of Loans. (a) Upon receipt of a Notice of Borrowing
(other than a Swing Borrowing), the Administrative Agent shall promptly notify each Bank of the
contents thereof and of such Bank’s share of such Borrowing and such Notice of Borrowing shall not
thereafter be revocable by the Borrower.

     (b) Not later than 1:30 p.m. (Chicago, Illinois time) on the date of each Borrowing, each Bank
shall make available its share of such Borrowing, in funds immediately available to the
Administrative Agent at its Payment Office. The Swing Lender shall make the proceeds of its Swing
Loan available to the Borrower no later than 2:00 p.m. (Chicago, Illinois time) on the
date requested. Unless the Administrative Agent determines that any applicable condition specified
in Article 3 has not been satisfied, the Administrative Agent will make the funds so received from
the Banks available to the Borrower at the Payment Office.

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     (c) Unless the Administrative Agent shall have received notice from a Bank prior to the date
of any Borrowing that such Bank will not make available to the Administrative Agent such Bank’s
share of such Borrowing, the Administrative Agent may assume that such Bank has made such share
available to the Administrative Agent on the date of such Borrowing in accordance with subsection
(b) of this Section and the Administrative Agent may, in reliance upon such assumption, make
available to the Borrower on such date a corresponding amount. If and to the extent that such Bank
shall not have so made such share available to the Administrative Agent, such Bank and the Borrower
severally agree to repay to the Administrative Agent forthwith on demand such corresponding amount
together with interest thereon, for each day from the date such amount is made available to the
Borrower until the date such amount is repaid to the Administrative Agent, at (i) in the case of
the Borrower, a rate per annum equal to the higher of the cost to the Administrative Agent of
funding the amount so advanced by the Administrative Agent to fund such Bank’s Loan, as determined
by the Administrative Agent, and the interest rate applicable thereto pursuant to Section 2.6 and
(ii) in the case of such Bank, the Federal Funds Rate, or in the case of a Loan denominated in
Canadian Dollars, the cost to the Administrative Agent of funding the amount so advanced by the
Administrative Agent to fund such Bank’s Loan, as determined by the Administrative Agent. If such
Bank shall repay to the Administrative Agent such corresponding amount, such amount so repaid shall
constitute such Bank’s Loan included in such Borrowing for purposes of this Agreement.

     Section 2.4. Evidence of Indebtedness. (a) Each Bank shall maintain in accordance with its
usual practice an account or accounts evidencing the indebtedness of the Borrower to such Bank
resulting from each Loan made by such Bank from time to time, including the amounts of principal
and interest payable and paid to such Bank from time to time hereunder.

     (b) The Administrative Agent shall also maintain accounts in which it will record (i) the
amount of each Loan made hereunder, the type thereof and the Interest Period with respect thereto,
(ii) the amount of any principal or interest due and payable or to become due and payable from the
Borrower to each Bank hereunder and (iii) the amount of any sum received by the Administrative
Agent hereunder from the Borrower and each Bank’s share thereof.

     (c) The entries maintained in the accounts maintained pursuant to paragraphs (a) and (b) above
shall be prima facie evidence of the existence and amounts of the Obligations therein recorded;
provided, however, that the failure of the Administrative Agent or any Bank to maintain such
accounts or any error therein shall not in any manner affect the obligation of the Borrower to
repay the Obligations in accordance with their terms.

     (d) Any Bank may request that its Loans be evidenced by a promissory note or notes in the
forms of Exhibit B-1 (in the case of its Revolving Loans and referred to herein as a “Revolving
Note”), or B-2 (in the case of its Swing Loans and referred to herein as a “Swing Note”), as
applicable (the Revolving Notes and the Swing Note being hereinafter referred to
collectively as the “Notes” and individually as a “Note”). In such event, the Borrower shall
prepare, execute and deliver to such Bank a Note payable to the order of such Bank. Thereafter,
the Loans evidenced by such Note or Notes and interest thereon shall at all times (including after
any assignment pursuant to Section 10.6) be represented by one or more Notes payable to the order
of the payee named therein or any assignee pursuant to Section 10.6, except to the extent

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that any
such Bank or assignee subsequently returns any such Note for cancellation and requests that such
Loans once again be evidenced as described in subsections (a) and (b) above.

     Section 2.5. Maturity of Loans. Subject to the provisions of Section 2.8 and Article 6, the
Commitment shall terminate and the principal amount of all then outstanding Revolving Loans and
Swing Loans, together with accrued interest thereon, shall be due and payable in full on the
Maturity Date.

     Section 2.6. Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding
principal amount thereof, for each day from the date such Loan is made (or converted pursuant to
Article 8) until it becomes due, at a rate per annum equal to the Base Rate plus the Base Rate
Margin for such day. Such interest shall be payable quarterly in arrears on the last day of each
March, June, September, and December in each year (each, a “Quarterly Date”) and, with respect to
the principal amount of any Base Rate Loan converted to a Euro-Dollar Loan, on each date a Base
Rate Loan is so converted. Any overdue principal of or interest on any Base Rate Loan shall bear
interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2%
plus the rate otherwise applicable to Base Rate Loans for such day.

     (b) Each Euro-Dollar Loan shall bear interest on the outstanding principal amount thereof, for
each day during each Interest Period applicable thereto, at a rate per annum equal to the sum of
the Euro-Dollar Margin for such day plus the London Interbank Offered Rate applicable to such
Interest Period. Such interest shall be payable for each Interest Period on the last day thereof
and, in the case of an Interest Period of six months, the date occurring three months after the
first day of such Interest Period.

     (c) Each Canadian Base Rate Loan shall bear interest on the outstanding principal amount
thereof, for each day from the date such Loan is made (or converted pursuant to Article 8) until it
becomes due, at a rate per annum equal to the Canadian Base Rate plus the Canadian Base Rate Margin
for such day. Such interest shall be payable quarterly in arrears on each Quarterly Date and, with
respect to the principal amount of any Canadian Base Rate Loan converted to a Euro-Canadian Dollar
Loan, on each date a Canadian Base Rate Loan is so converted. Any overdue principal of or interest
on any Canadian Base Rate Loan shall bear interest, payable on demand, for each day until paid at a
rate per annum equal to the sum of 2% plus the rate otherwise applicable to Canadian Base Rate
Loans for such day.

     (d) Each Euro-Canadian Dollar Loan shall bear interest on the outstanding principal amount
thereof, for each day during each Interest Period applicable thereto, at a rate per annum equal to
the sum of the Euro-Canadian Dollar Margin for such day plus the London Interbank Offered Rate
applicable to such Interest Period. Such interest shall be payable for each Interest
Period on the last day thereof and, in the case of an Interest Period of six months, the date
occurring three months after the first day of such Interest Period.

     (e) Any overdue principal of, or interest on, any Euro-Dollar Loan shall bear interest,
payable on demand, for each day until paid at a rate per annum equal to the higher of (i) the sum
of 2% plus the Euro-Dollar Margin for such day plus the average rate per annum (rounded

-24-

 

upward, if
necessary, to the next higher 1/100 of 1%) of the respective rates per annum at which one day (or,
if such amount due remains unpaid more than three Business Days, then for such other period of time
not longer than three months as the Administrative Agent may select) deposits in U.S. Dollars in an
amount approximately equal to such overdue payment due to the Administrative Agent is offered to
the Administrative Agent in the London interbank market for the applicable period determined as
provided above (or, if the circumstances described in clause (a) or (b) of Section 8.1 shall exist,
at a rate per annum equal to the sum of 2% plus the rate applicable to Base Rate Loans for such
day) and (ii) the sum of 2% plus the Euro-Dollar Margin for such day plus the London Interbank
Offered Rate applicable to such Loan at the date such payment was due.

     (f) Any overdue principal of, or interest on, any Euro-Canadian Dollar Loan shall bear
interest, payable on demand, for each day until paid at a rate per annum equal to the higher of (i)
the sum of 2% plus the Euro-Canadian Dollar Margin for such day plus the average rate per annum
(rounded upward, if necessary, to the next higher 1/100 of 1%) of the respective rates per annum at
which one day (or, if such amount due remains unpaid more than three Business Days, then for such
other period of time not longer than three months as the Administrative Agent may select) deposits
in Cdn Dollars in an amount approximately equal to such overdue payment due to the Administrative
Agent is offered to the Administrative Agent in the London interbank market for the applicable
period determined as provided above (or, if the circumstances described in clause (a) or (b) of
Section 8.1 shall exist, at a rate per annum equal to the sum of 2% plus the rate applicable to
Base Rate Loans for such day) and (ii) the sum of 2% plus the Euro-Canadian Dollar Margin for such
day plus the London Interbank Offered Rate applicable to such Loan at the date such payment was
due.

     (g) Each Swing Loan shall bear interest on the outstanding principal amount thereof, for each
day from the date such Swing Loan is made until it becomes due, at a rate per annum equal to, if
denominated in U.S. Dollars, the Base Rate and, if denominated in Canadian Dollars, the Canadian
Base Rate, for such day plus the Swing Margin. Such interest shall be payable on each Quarterly
Date or, if earlier, on the date such Swing Loan becomes due or its Refunding Date. Any overdue
principal of or interest on any Swing Loan shall bear interest, payable on demand, for each day
until paid at a rate per annum equal to the sum of 2% plus the rate applicable to Swing Loans for
such day.

     (h) The Administrative Agent shall determine each interest rate applicable to the Loans
hereunder. The Administrative Agent shall give prompt notice to the Borrower and the participating
Banks of each rate of interest so determined, and its determination thereof shall be conclusive in
the absence of manifest error.

     (i) The Administrative Agent agrees to use its best efforts to furnish quotations as
contemplated by this Section. If the Administrative Agent is unable to provide a quotation, the
provisions of Section 8.1 shall apply.

     Section 2.7. Fees. (a) During the period from and including the Effective Date to and
including the date upon which the Total Commitment is terminated, the Borrower shall pay to the
Administrative Agent for the account of the Banks with Commitments, ratably in proportion

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to their
respective Commitments, a facility fee at the rate per annum equal to the Applicable Facility Fee
Percentage on the daily average Total Commitment, whether or not in use; provided that if after the
termination of the Commitments any Revolving Loans, Swing Loans or Letters of Credit remain
outstanding, then such facility fee shall continue to accrue on the daily Original Dollar Amount of
such Revolving Loans and Swing Loans and U.S. Dollar Equivalent of such Letter of Credit
Outstandings. Accrued facility fees shall be payable quarterly in arrears on each Quarterly Date
and on the date of termination of the Commitments in their entirety; provided that any facility
fees accruing after the date on which the Commitments terminate shall be payable on demand.

     (b) The Borrower agrees to pay to the Administrative Agent for distribution to each Bank with
a Commitment (based on each Bank’s Percentage) a fee in respect of each Letter of Credit issued
hereunder (the “Letter of Credit Fee”), for the period from and including the date of issuance of
such Letter of Credit to and including the date of termination or expiration of such Letter of
Credit, computed at a rate per annum equal to the Euro-Dollar Margin for Revolving Loans on the
daily U.S. Dollar Equivalent of the Stated Amount of such Letter of Credit. Accrued Letter of
Credit Fees shall be due and payable quarterly in arrears on each Quarterly Date and on the first
day after the termination of the Total Commitment upon which no Letters of Credit remain
outstanding. While any Event of Default exists or after acceleration, the Letter of Credit Fee
shall be increased by 2.0%; provided, however, that in the absence of acceleration, such adjustment
shall be made at the election of the Administrative Agent, acting at the request or with the
consent of the Required Banks, with written notice to the Borrower.

     (c) The Borrower agrees to pay to each Letter of Credit Issuer, for its own account, a
fronting fee in respect of each Letter of Credit issued by such Letter of Credit Issuer (the
“Fronting Fee”), for the period from and including the date of issuance of such Letter of Credit to
and including the date of the termination of such Letter of Credit, computed at a rate equal to
1/8th of 1% per annum of the daily U.S. Dollar Equivalent of the Stated Amount of such Letter of
Credit. Accrued Fronting Fees shall be due and payable quarterly in arrears on each Quarterly Date
and upon the first day after the termination of the Total Commitment upon which no Letters of
Credit remain outstanding.

     (d) The Borrower agrees to pay, upon each drawing under, issuance of, or amendment to, any
Letter of Credit, such amount as shall at the time of such event be the customary scheduled
administrative charge which the applicable Letter of Credit Issuer is generally imposing in
connection with such occurrence with respect to letters of credit.

     (e) The Borrower shall pay to the Administrative Agent such amounts as are agreed to from time
to time.

     Section 2.8. Termination or Reduction of Commitments.

     (a) Optional Reduction of Commitments. The Borrower may, upon at least five Business Days’
notice to the Administrative Agent, (i) terminate the Total Commitment at any time, if no Loans or
Letters of Credit are outstanding at such time or (ii) ratably reduce from time to time by an
aggregate amount of U.S. $5,000,000 or a larger multiple of U.S. $1,000,000 the

-26-

 

aggregate amount of
the Total Commitment in excess of the aggregate outstanding Original Dollar Amount of the Revolving
Loans, and the U.S. Dollar Equivalent of the Swing Loans and Letter of Credit Outstandings. Any
termination of the Total Commitments below the Letter of Credit Commitment then in effect shall
reduce the Letter of Credit Commitment then in effect by like amount. Any termination of the Total
Commitments to an amount less than U.S. $50,000,000 shall reduce the Swing Loan Commitment then in
effect by like amount. Upon receipt of a notice pursuant to this Section, the Administrative Agent
shall promptly notify each Bank of the contents thereof.

     (b) Mandatory Reduction of Commitments. The Total Commitment (and the respective Commitment
of each Bank) shall terminate on the Maturity Date.

     (c) Pro Rata Reduction. Each reduction to the Total Commitment pursuant to this Section 2.8
shall be applied proportionately to reduce the Commitment of each Bank.

     Section 2.9. Method of Electing Interest Rates for Loans. (a) The Loans included in a
Borrowing shall be the Type of Loan specified by the Borrower in the applicable Notice of Borrowing
given pursuant to Section 2.2. Thereafter, the Borrower shall deliver a notice (a “Notice of
Interest Period Election”) to the Administrative Agent not later than 11:00 a.m. (Chicago, Illinois
time) on the third Business Day prior to (i) if such Borrowing was initially a Base Rate Borrowing,
the commencement of the first Interest Period with respect to the conversion of such Base Rate Loan
into a Euro-Dollar Loan specifying the duration of such Interest Period, (ii) if such Borrowing was
initially a Canadian Base Rate Borrowing, the commencement of the first Interest Period with
respect to the conversion of such Canadian Base Rate Loan into a Euro-Canadian Dollar Loan
specifying the duration of such Interest Period, or (iii) at any other time, the last day of the
current Interest Period specifying the duration of the additional Interest Period which is to
commence. Each Interest Period specified in a Notice of Interest Period Election shall comply with
the provisions of the definition of “Interest Period.” Notwithstanding the foregoing, the Borrower
may not elect to convert any Loan into, or continue any Loan as, a Euro-Dollar Loan or
Euro-Canadian Dollar Loan pursuant to any Notice of Interest Period Election if at the time such
notice is delivered an Event of Default shall have occurred and be continuing.

     (b) Each Notice of Interest Period Election shall specify:

     (i) the Borrowing of Loans (or portion thereof) to which such notice applies;

     (ii) the date on which the conversion or continuation selected in such notice is to be
effective, which shall comply with the applicable clause of subsection (a) above;

     (iii) if the Loans comprising such Borrowing are to be converted, the new Type of Loans
and, if the Loans being converted are to be Euro-Dollar Loans or Euro-Canadian Dollar Loans,
the duration of the next succeeding Interest Period applicable thereto; and

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     (iv) if such Loans are to be continued as Euro-Dollar Loans or Euro-Canadian Dollar
Loans for an additional Interest Period, the duration of such additional Interest Period.

     (c) Upon receipt of a Notice of Interest Period Election from the Borrower pursuant to
subsection (a) above, the Administrative Agent shall promptly notify each Bank of the contents
thereof and such notice shall not thereafter be revocable by the Borrower. If no Notice of
Interest Period Election is timely received prior to the end of an Interest Period, the Borrower
shall be deemed to have elected that such Loan be continued as a Base Rate Loan or Canadian Base
Rate Loan, as applicable.

     (d) An election by the Borrower to change or continue the rate of interest applicable to any
Borrowing of Loans pursuant to this Section shall not constitute a “Borrowing” subject to the
provisions of Section 3.2.

     Section 2.10. Optional Prepayments. (a) Subject, in the case of Euro- Dollar Loans and
Euro-Canadian Dollar Loans, to Section 2.13, the Borrower may, upon at least one Business Day’s
notice to the Administrative Agent, prepay any Base Rate Loans or Canadian Base Rate Loans or, upon
at least three Business Days’ notice to the Administrative Agent, prepay any Euro-Dollar Loans or
Euro-Canadian Dollar Loans, in each case in whole at any time, or from time to time in part,
without premium or penalty, in amounts aggregating a U.S. Dollar Equivalent of $5,000,000 or any
larger multiple of a U.S. Dollar Equivalent of $1,000,000, by paying the principal amount to be
prepaid together with accrued interest thereon to the date of prepayment. Each such optional
prepayment shall be applied to prepay ratably the Loans of the several Banks.

     (b) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent
shall promptly notify each Bank with Loans outstanding of the contents thereof and of such Bank’s
ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the
Borrower.

     (c) The Borrower may elect to utilize the option set forth in Section 2.11(c) in connection
with any optional prepayment.

     Section 2.11. Mandatory Prepayments. (a) Requirements. If on any date the sum of the
aggregate outstanding Original Dollar Amount of Revolving Loans, U.S. Dollar Equivalent of Swing
Loans and the U.S. Dollar Equivalent of Letter of Credit Outstandings exceeds the Total Commitment
as then in effect, the Borrower shall repay on such date the principal of Swing Line Loans, and, if
no Swing Loans are or remain outstanding, Revolving Loans in an aggregate amount equal to such
excess. If, after giving effect to the repayment of all outstanding Swing Loans and Revolving
Loans, the
aggregate U.S. Dollar Equivalent of Letter of Credit Outstandings exceeds the Total Commitment, the
Borrower shall pay to the Administrative Agent, for the ratable benefit of the Banks, on such date
an amount in cash equal to such excess (up to the aggregate amount of the Letter of Credit
Outstandings at such time) and the Administrative Agent shall hold such payment as security for the
Obligations pursuant to a cash collateral agreement to be entered into in form and substance
reasonably satisfactory to the

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Administrative Agent (which shall permit certain investments in cash
equivalents reasonably satisfactory to the
Administrative Agent, until the proceeds are applied to
the Obligations). Notwithstanding anything to the contrary contained elsewhere in this Agreement,
all then outstanding Loans shall be repaid in full on the Maturity Date.

     (b) Application. With respect to each prepayment of Revolving Loans required by Section
2.11(a), the Borrower may designate the Types of Loans which are to be prepaid and the specific
Borrowing or Borrowings pursuant to which made, provided that (i) Euro-Dollar Loans and
Euro-Canadian Dollar Loans may be so designated for prepayment pursuant to this Section 2.11 only
on the last day of an Interest Period applicable thereto unless all Euro-Dollar Loans or
Euro-Canadian Dollar Loans, as applicable, with Interest Periods ending on such date of required
prepayment and all Base Rate Loans and Canadian Base Rate Loans have been paid in full; (ii) if any
prepayment of Euro-Dollar Loans or Euro-Canadian Dollar Loans made pursuant to a single Borrowing
shall reduce the outstanding Loans made pursuant to such Borrowing to an amount less than the U.S.
Dollar Equivalent of $5,000,000, such Borrowing shall be immediately converted into Base Rate Loans
or Canadian Base Rate Loan, as applicable; and (iii) each prepayment of Revolving Loans pursuant to
a Borrowing shall be applied pro rata among such Revolving Loans. In the absence of a designation
by the Borrower as described in the preceding sentence, the Administrative Agent shall, subject to
the above, make such designation in its sole discretion with a view, but no obligation, to minimize
breakage costs.

     (c) Cash Collateral to Avoid Breakage. Notwithstanding the provisions of Section 2.11(b), if
at any time a mandatory or voluntary prepayment of Loans pursuant to Sections 2.10 or 2.11(a) above
would result, after giving effect to the procedures set forth above, in the Borrower incurring
breakage costs as a result of Euro-Dollar Loans or Euro-Canadian Dollar Loans being prepaid other
than on the last day of an Interest Period applicable thereto (the “Affected Loans”), then the
Borrower may in its sole discretion initially deposit a portion (up to 100%) of the amounts that
otherwise would have been paid in respect of the Affected Loans with the Administrative Agent at
its Payment Office (which deposit must be equal in amount to the amount of the Affected Loans not
immediately prepaid) to be held as security for the obligations of the Borrower hereunder pursuant
to a cash collateral arrangement reasonably satisfactory to the Administrative Agent and shall
provide for investments reasonably satisfactory to the Administrative Agent, with such cash
collateral to be directly applied upon the first occurrence (or occurrences) thereafter of the last
day of an Interest Period applicable to the relevant Loans (or such earlier date or dates as shall
be requested by the Borrower), to repay an aggregate principal amount of such Loans equal to the
Affected Loans not initially prepaid pursuant to this sentence. Notwithstanding anything to the
contrary contained in the immediately preceding sentence, all amounts deposited as cash collateral
pursuant to the immediately preceding sentence shall be held for the sole benefit of the Banks
whose Loans would otherwise have been immediately prepaid with the amounts deposited and upon the
taking of any action by
the Administrative Agent or the Banks pursuant to the remedial provisions of Article 6, any amounts
held as cash collateral pursuant to this Section 2.11(c) shall, subject to the requirements of
applicable law, be immediately applied to repay such Loans.

     Section 2.12. General Provisions as to Payments. (a) The Borrower shall make each payment of
principal of, and interest on, the Loans and of fees hereunder (i) not later than

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12:00 Noon
(Chicago, Illinois time) on the date when due, in immediately available funds, to the
Administrative Agent at its Payment Office, and (ii) without any right to set-off, deduction or
counterclaim by the Borrower. All payments made hereunder shall be made (i) in the case of
Obligations denominated in U.S. Dollars, in U.S. Dollars in immediately available funds at the
place of payment, or (ii) in the case of Obligations denominated in Canadian Dollars, in Canadian
Dollars in immediately available funds at the place of payment. The Administrative Agent will
promptly distribute to each Bank its ratable share of each such payment received by the
Administrative Agent for the account of the Banks. Whenever any payment of principal of, or
interest on, the Base Rate Loans, Canadian Base Rate Loans or of fees shall be due on a day which
is not a Business Day, the date for payment thereof shall be extended to the next succeeding
Business Day. Whenever any payment of principal of, or interest on, the Euro-Dollar Loans or
Euro-Canadian Dollar Loans shall be due on a day which is not a Business Day, the date for payment
thereof shall be extended to the next succeeding Business Day unless such Business Day falls in
another calendar month, in which case the date for payment thereof shall be the next preceding
Business Day. If the date for any payment of principal is extended by operation of law or
otherwise, interest thereon shall be payable for such extended time.

     (b) Unless the Administrative Agent shall have received notice from the Borrower prior to the
date on which any payment is due to the Banks hereunder that the Borrower will not make such
payment in full, the Administrative Agent may assume that the Borrower has made such payment in
full to the Administrative Agent on such date and the Administrative Agent may, in reliance upon
such assumption, cause to be distributed to each Bank on such due date an amount equal to the
amount then due such Bank. If and to the extent that the Borrower shall not have so made such
payment, each Bank shall repay to the Administrative Agent forthwith on demand such amount
distributed to such Bank together with interest thereon, for each day from the date such amount is
distributed to such Bank until the date such Bank repays such amount to the Administrative Agent,
at the Federal Funds Rate, in the case of U.S. Dollar Loans, or the CDOR Rate, in the case of
Canadian Dollar Loans.

     Section 2.13. Funding Losses. If the Borrower makes any payment of principal with respect to
any Euro-Dollar Loan or Euro-Canadian Dollar Loan or any Euro-Dollar Loan or Euro-Canadian Dollar
Loan is prepaid, converted or becomes due (pursuant to Article 2, 6, or 8 or otherwise) on any day
other than the last day of an Interest Period applicable thereto, or if the Borrower fails to
borrow, prepay or continue any Euro-Dollar Loans or Euro-Canadian Dollar Loans after notice has
been given to any Bank in accordance with Section 2.2, 2.9, or 2.10, the Borrower shall reimburse
each Bank within 15 days after demand for any resulting loss or expense incurred by it (or by an
existing or prospective Participant in the related Loan), including, without limitation, any loss
incurred in obtaining, liquidating or employing deposits from third parties, but excluding loss of
margin for
the period after any such payment or conversion or failure to borrow, prepay, convert or continue,
provided that such Bank shall have delivered to the Borrower a certificate as to the amount of such
loss or expense, which certificate shall be conclusive in the absence of manifest error.

     Section 2.14. Computation of Interest and Fees. Interest based on the Prime Rate or Canadian
Base Rate hereunder and fees hereunder shall be computed on the basis of a year of 365 days (or 366
days in a leap year) and paid for the actual number of days elapsed (including

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the first day but
excluding the last day). All other interest shall be computed on the basis of a year of 360 days
and paid for the actual number of days elapsed (including the first day but excluding the last day
if and only if such payment is made in accordance with the provisions of the first sentence of
Section 2.12(a)).

     Section 2.15. Regulation D Compensation. Each Bank may require the Borrower to pay,
contemporaneously with each payment of interest on the Euro-Dollar Loans, additional interest on
the related Euro-Dollar Loan of such Bank at a rate per annum determined by such Bank up to but not
exceeding the excess of (i) (A) the London Interbank Offered Rate then in effect for such Loan
divided by (B) one minus the Reserve Percentage over (ii) such London Interbank Offered Rate. Any
Bank wishing to require payment of such additional interest (x) shall so notify the Borrower and
the Administrative Agent, in which case such additional interest on the Euro-Dollar Loan of such
Bank shall be payable to such Bank at the place indicated in such notice with respect to each
Interest Period commencing at least three Business Days after the giving of such notice and (y)
shall notify the Borrower at least five Business Days prior to each date on which interest is
payable on the Euro-Dollar Loans of the amount then due it under this Section. The Borrower’s
obligations under this Section 2.15 are limited as set forth in Section 8.6.

     Section 2.16. Increase in Commitment. Provided there exists no Default, the Borrower on
behalf of the Borrower and Guarantors may, on any Business Day after the date hereof, without the
consent of any Bank but with the written consent of the Administrative Agent, each Letter of Credit
Issuer and the Swing Lender (which consents shall not be unreasonably withheld or delayed),
increase the aggregate amount of the Commitments by delivering a Commitment Amount Increase Request
at least five (5) Business Days prior to the desired effective date of such increase (the
“Commitment Amount Increase”) identifying an additional Bank (or additional Commitment agreed to be
made by any existing Bank) and the amount of its Commitment (or additional amount of its
Commitment); provided, however, that any increase in the aggregate amount of the Commitments to an
amount in excess of U.S. $750,000,000 will require the approval of the Required Banks; provided
further that prior to approaching an additional Bank, the Borrower shall have offered to the
existing Banks the opportunity to increase their respective Commitments. The effective date of the
Commitment Amount Increase shall be agreed upon by the Borrower and the Administrative Agent. Upon
the effectiveness thereof, each new Bank (or, if applicable, each existing Bank which consented to
an increase in its Commitment) shall advance Loans in an amount sufficient such that after giving
effect to its Loan each Bank shall have outstanding its pro rata share of Loans. It shall be a
condition to such effectiveness that no Euro-Dollar Loans or Euro-Canadian Dollar Loans be
outstanding on the date of such effectiveness and that the Borrower shall not
have terminated any portion of the Commitment pursuant to Section 2.8 hereof. The Borrower agrees
to pay any out-of-pocket expenses of the Administrative Agent relating to any Commitment Amount
Increase. Notwithstanding anything herein to the contrary, no Bank shall have any obligation to
increase its Commitment and no Bank’s Commitment shall be increased without its consent thereto,
and each Bank may at its option, unconditionally and without cause, decline to increase its
Commitment.

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Article 2A

Letters of Credit

     Section 2A.1. Letters of Credit. (a) Subject to and upon the terms and conditions set forth
herein, the Borrower may request a Letter of Credit Issuer at any time and from time to time on or
after the Effective Date and prior to the thirtieth day immediately preceding the Maturity Date to
issue a standby letter of credit for the account of the Borrower in support of L/C Supportable
Obligations (each such letter of credit, a “Letter of Credit” and, collectively, the “Letters of
Credit”), and subject to and upon the terms and conditions set forth herein such Letter of Credit
Issuer agrees to issue from time to time, irrevocable Letters of Credit in such form as may be
approved by such Letter of Credit Issuer and the Administrative Agent. Notwithstanding anything
herein to the contrary, those certain letters of credit issued for the account of the Borrower by
the Administrative Agent or the Administrative Agent’s affiliate and listed on Schedule 2A.1 hereof
(the “Existing Letters of Credit”) shall each constitute a “Letter of Credit” herein for all
purposes of this Agreement with the Borrower as the applicant therefor, to the same extent, and
with the same force and effect as if the Existing Letters of Credit had been issued under this
Agreement at the request of the Borrower. Notwithstanding the foregoing, no Letter of Credit
Issuer shall be under any obligation to issue any Letter of Credit if at the time of such issuance:

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

     (ii) such Letter of Credit Issuer shall have received notice from the Borrower or the
Required Banks prior to the issuance of such Letter of Credit of the type described in
clause (v) of Section 2A.1(b); or

     (iii) the Administrative Agent or such Letter of Credit Issuer has received notice from
any Bank that it does not intend to participate in such Letter of Credit pursuant to Section
2A.5, or any Bank has failed to participate in any Letter of Credit issued hereunder, unless
the Borrower and such Letter of Credit Issuer shall have entered into arrangements
reasonably satisfactory to such Letter of Credit Issuer to eliminate the risk of such Bank’s
failure to participate in Letters of Credit (including cash collateralizing the amount of
such Bank’s obligation).

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     (b) Notwithstanding the foregoing, (i) no Letter of Credit shall be issued, the U.S. Dollar
Equivalent of the Stated Amount of which, when added to the U.S. Dollar Equivalent of the Letter of
Credit Outstandings (exclusive of Unpaid Drawings which are repaid on the date of, and prior to the
issuance of, the respective Letter of Credit) at such time, would exceed either (x) the Letter of
Credit Commitment or (y) when added to the aggregate Original Dollar Amount of all Revolving Loans
and U.S. Dollar Equivalent of the Swing Loans then outstanding, the Total Commitment at such time;
(ii) each Letter of Credit shall have an expiry date occurring not later than one year after such
Letter of Credit’s date of issuance (although any Letter of Credit may be extendible (whether
automatically or otherwise) for successive periods of up to 12 months, but not beyond the thirtieth
day preceding the Maturity Date), on terms reasonably acceptable to the respective Letter of Credit
Issuer and in no event shall any Letter of Credit have an expiry date occurring later than the
thirtieth day preceding the Maturity Date; (iii) each Letter of Credit shall be denominated in U.S.
Dollars or Canadian Dollars; (iv) each Letter of Credit shall be payable only on a sight basis and
upon conditions, if any, set forth therein; and (v) no Letter of Credit Issuer shall issue any
Letter of Credit after it has received written notice from the Borrower or the Required Banks that
a Default exists until such time as such Letter of Credit Issuer shall have received written notice
of (x) rescission of such notice from the party or parties originally delivering the same or (y)
waiver of such Default by the Required Banks.

     (c) Upon the occurrence of an event giving rise to the operation of Section 2A.1(a)(iii), the
Borrower shall have the right, if no Default then exists, to replace such Bank (the “Replaced
Bank”) with one or more other Eligible Transferees (it being acknowledged that the Replaced Bank
shall be under no obligation to identify or secure the commitment of such Eligible Transferee or
assist in identifying or securing the commitment of such Eligible Transferee), each of whom shall
be reasonably acceptable to the Administrative Agent (collectively, the “Replacement Bank”),
provided that (i) at the time of any replacement pursuant to this Section 2A.1(c), the Replacement
Bank shall enter into one or more Assignment and Assumption Agreements pursuant to Section 10.6(c)
(and with all fees payable pursuant to Section 10.6(c) to be paid by the Replacement Bank) pursuant
to which the Replacement Bank shall acquire all of the Commitments and outstanding Loans of, and
participations in Letters of Credit by, the Replaced Bank and, in connection therewith, shall pay
to (x) the Replaced Bank in respect thereof an amount equal to the sum of (I) the principal of, and
all accrued interest on, all outstanding Loans of the Replaced Bank, (II) all Unpaid Drawings that
have been funded by (and not reimbursed to) such Replaced Bank, together with all then unpaid
interest with respect thereto at such time and (III) all accrued, but theretofore unpaid, fees to
the Replaced Bank, (y) each Letter of Credit Issuer an amount equal to such Replaced Bank’s
Percentage of any Unpaid Drawing (which at such time remains an Unpaid Drawing) to the extent such
amount was not theretofore funded by such Replaced Bank to such Letter of Credit Issuer and (z) the
Swing Lender an amount equal to such Replaced Bank’s Percentage of any Swing Loan to the extent
such amount was required to be but not theretofore funded by such Replaced Bank, and (ii) all
obligations of the Borrower due and owing to the Replaced Bank at such time (other than those
specifically described in clause (i) above in respect of which the assignment purchase price has
been, or is concurrently being paid) shall be paid in full to such Replaced Bank concurrently with
such replacement. Upon the execution of the respective Assignment and Assumption Agreement, the
payments of amounts referred to in clauses (i) and (ii) above and, if so requested by the
Replacement Bank, delivery to the Replacement Bank of the appropriate Note or Notes

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executed by the
Borrower, (i) the Replacement Bank shall become a Bank hereunder and the Replaced Bank shall cease
to constitute a Bank hereunder, except with respect to indemnification provisions under this
Agreement, which shall survive as to such Replaced Bank and (ii) the Percentages of the Banks shall
be automatically adjusted at such time to give effect to such replacement. Replacements pursuant
to this Section 2A.1(c) shall only be effected by assignments which otherwise meet the applicable
requirements of Section 10.6(c).

     Section 2A.2. Minimum Stated Amount. The initial Stated Amount of each Letter of Credit shall
be not less than the U.S. Dollar Equivalent of $100,000 or such lesser amount as shall be
reasonably acceptable to the respective Letter of Credit Issuer.

     Section 2A.3. Letter of Credit Requests; Notices of Issuance; Reports. (a) Whenever the
Borrower desires that a Letter of Credit be issued, the Borrower shall give the Administrative
Agent and the respective Letter of Credit Issuer a written request (including by way of telecopier)
prior to 12:00 Noon (Chicago, Illinois time) at least three Business Days (or such shorter period
as may be acceptable to such Letter of Credit Issuer) prior to the proposed date (which shall be a
Business Day) of issuance (each a “Letter of Credit Request”), which Letter of Credit Request shall
include any other documents that such Letter of Credit Issuer customarily requires in connection
therewith.

     (b) The respective Letter of Credit Issuer shall, promptly after each issuance of a Letter of
Credit by it, give the Administrative Agent, each Bank and the Borrower written notice of the
issuance of such Letter of Credit, accompanied, if requested, by a copy of the Letter of Credit or
Letters of Credit issued by it.

     Section 2A.4. Agreement to Repay Letter of Credit Drawings. (a) The Borrower hereby agrees to
reimburse the respective Letter of Credit Issuer, by making payment to the Administrative Agent at
the Payment Office (which funds the Administrative Agent shall promptly forward to such Letter of
Credit Issuer), for any payment or disbursement made by such Letter of Credit Issuer under any
Letter of Credit issued by it (each such amount so paid or disbursed until reimbursed, an “Unpaid
Drawing”) immediately after, and in any event on the date on which, the Borrower is notified by
such Letter of Credit Issuer of such payment or disbursement with interest on the amount so paid or
disbursed by such Letter of Credit Issuer, to the extent not reimbursed prior to 12:00 Noon
(Chicago, Illinois time) on the date of such payment or disbursement, from and including the date
paid or disbursed to but not including the date such Unpaid Drawing is paid by
the Borrower at a rate per annum which shall be the interest rate applicable to Revolving Loans
maintained as Base Rate Loans, if such Letter of Credit is denominated in U.S. Dollars, or Canadian
Base Rate Loans, if such Letter of Credit is denominated in Canadian Dollars, as in effect from
time to time (plus an additional 2% per annum if not reimbursed by the third Business Day after the
date of such notice of payment or disbursement), such interest also to be payable on demand. Each
Letter of Credit Issuer shall provide the Borrower prompt notice of any payment or disbursement
made by it under any Letter of Credit issued by it, although the failure of, or delay in, giving
any such notice shall not release or diminish the obligations of the Borrower under this Section
2A.4(a) or under any other Section of this Agreement.

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     (b) The Borrower’s obligation under this Section 2A.4 to reimburse the respective Letter of
Credit Issuer with respect to Unpaid Drawings (including, in each case, interest thereon) shall be
absolute and unconditional under any and all circumstances and irrespective of any setoff,
counterclaim or defense to payment which the Borrower may have or have had against such Letter of
Credit Issuer, the Administrative Agent or any Bank, including, without limitation, any defense
based upon the failure of any payment under a Letter of Credit to conform to the terms of the
Letter of Credit or any non-application or misapplication by the beneficiary of the proceeds of
such payment; provided, however, that the Borrower shall not be obligated to reimburse any Letter
of Credit Issuer for any wrongful payment made by such Letter of Credit Issuer under a Letter of
Credit as a result of acts or omissions constituting willful misconduct or gross negligence (as
determined by a court of competent jurisdiction) on the part of such Letter of Credit Issuer.

     Section 2A.5. Letter of Credit Participations. (a) Immediately upon the issuance by any
Letter of Credit Issuer of a Letter of Credit, such Letter of Credit Issuer shall be deemed to have
sold and transferred to each Bank with a Commitment, and each such Bank (each an “L/C Participant”)
shall be deemed irrevocably and unconditionally to have purchased and received from such Letter of
Credit Issuer, without recourse or warranty, an undivided interest and participation, to the extent
of such Bank’s Percentage, in such Letter of Credit, each substitute letter of credit, each payment
made thereunder and the obligations of the Borrower under this Agreement with respect thereto
(although the Letter of Credit Fee shall be payable directly to the Administrative Agent for the
account of the Banks as provided in Section 2.7(c) and the L/C Participants shall have no right to
receive any portion of any Fronting Fees) and any security therefor or guaranty pertaining thereto.
Upon any change in the Commitments or Percentages of the Banks pursuant to Section 10.6(c), it is
hereby agreed that, with respect to all outstanding Letters of Credit and Unpaid Drawings, there
shall be an automatic adjustment to the participations pursuant to this Section 2A.5 to reflect the
new Percentages of the assigning and assignee Bank or of all Banks, as the case may be.

     (b) In determining whether to pay under any Letter of Credit, the respective Letter of Credit
Issuer shall not have any obligation relative to the L/C Participants other than to determine that
any documents required to be delivered under such Letter of Credit have been delivered and that
they substantially comply on their face with the requirements of such Letter of Credit. Any action
taken or omitted to be taken by any Letter of Credit Issuer under or in connection with any Letter
of Credit if taken or omitted in the absence of gross negligence or
willful misconduct (as determined by a court of competent jurisdiction) shall not create for such
Letter of Credit Issuer any resulting liability.

     (c) In the event that the respective Letter of Credit Issuer makes any payment under any
Letter of Credit and the Borrower shall not have reimbursed such amount in full to such Letter of
Credit Issuer pursuant to Section 2A.4(a), such Letter of Credit Issuer shall promptly notify the
Administrative Agent, and the Administrative Agent shall promptly notify each L/C Participant of
such failure, and each L/C Participant shall promptly and unconditionally pay to the Administrative
Agent for the account of such Letter of Credit Issuer, the amount of such L/C Participant’s
Percentage of such payment in the currency of such payment and in same day funds; provided,
however, that no L/C Participant shall be obligated to pay to the Administrative

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Agent its
Percentage of such unreimbursed amount for any wrongful payment made by such Letter of Credit
Issuer under a Letter of Credit as a result of acts or omissions constituting willful misconduct or
gross negligence (as determined by a court of competent jurisdiction) on the part of such Letter of
Credit Issuer. If the Administrative Agent so notifies any L/C Participant required to fund an
Unpaid Drawing under a Letter of Credit prior to 11:00 a.m. (Chicago, Illinois time) on any
Business Day, such L/C Participant shall make available to the Administrative Agent for the account
of the respective Letter of Credit Issuer (which funds the Administrative Agent shall promptly
forward to the Letter of Credit Issuer) such Participant’s Percentage of the amount of such payment
on such Business Day in same day funds. If and to the extent such L/C Participant shall not have
so made its Percentage of the amount of such Unpaid Drawing available to the Administrative Agent
for the account of such Letter of Credit Issuer, such L/C Participant agrees to pay to the
Administrative Agent for the account of such Letter of Credit Issuer, forthwith on demand such
amount, together with interest thereon, for each day from such date until the date such amount is
paid to the Administrative Agent for the account of such Letter of Credit Issuer at the cost to the
Administrative Agent of funding the amount so advanced by the Administrative Agent to fund such
Bank’s amount, as determined by the Administrative Agent. The failure of any L/C Participant to
make available to the Administrative Agent for the account of the respective Letter of Credit
Issuer its Percentage of any Unpaid Drawing under any Letter of Credit shall not relieve any other
L/C Participant of its obligation hereunder to make available to the Administrative Agent for the
account of the respective Letter of Credit Issuer its Percentage of any payment under any Letter of
Credit on the date required, as specified above, but no L/C Participant shall be responsible for
the failure of any other L/C Participant to make available to the Administrative Agent for the
account of such Letter of Credit Issuer such other L/C Participant’s Percentage of any such
payment.

     (d) Whenever the respective Letter of Credit Issuer receives a payment of a reimbursement
obligation as to which the Administrative Agent has received for the account of such Letter of
Credit Issuer any payments from the L/C Participants pursuant to clause (c) above, such Letter of
Credit Issuer shall pay to the Administrative Agent and the Administrative Agent shall promptly pay
to each L/C Participant which has paid its Percentage thereof, in the applicable currency, and in
same day funds, an amount equal to such L/C Participant’s Percentage of the principal amount
thereof and interest thereon accruing at the Federal Funds Rate, in the case of U.S. Dollars, or at
the cost to the Administrative Agent of funding the amount so advanced by the Administrative Agent
to fund such amount, as determined by the
Administrative Agent after the purchase of the respective participations, in the case of Canadian
Dollars.

     (e) The obligations of the L/C Participants to make payments to the Administrative Agent for
the account of the respective Letter of Credit Issuer with respect to Letters of Credit shall be
irrevocable and not subject to counterclaim, set-off or other defense or any other qualification or
exception whatsoever (provided that no L/C Participant shall be required to make payments resulting
from the Letter of Credit Issuer’s gross negligence or willful misconduct (as determined by a court
of competent jurisdiction)) and shall be made in accordance with the terms and conditions of this
Agreement under all circumstances, including, without limitation, any of the following
circumstances:

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     (i) any lack of validity or enforceability of this Agreement or any of the other Credit
Documents;

     (ii) the existence of any claim, set-off, defense or other right which the Borrower or
any of it Subsidiaries 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 respective Letter of Credit Issuer, any Bank
or other Person, whether in connection with this Agreement, any Letter of Credit, the
transactions contemplated herein or any unrelated transactions (including any underlying
transaction between the Borrower or any of its Subsidiaries and the beneficiary named in any
such Letter of Credit);

     (iii) any draft, certificate or other document presented under the Letter of Credit
proving to be forged, fraudulent, invalid or insufficient in any respect or any statement
therein being untrue or inaccurate in any respect;

     (iv) the surrender or impairment of any security for the performance or observance of
any of the terms of any of the Credit Documents; or

     (v) the occurrence of any Default.

     (f) To the extent the respective Letter of Credit Issuer is not indemnified for same by the
Borrower, the L/C Participants will reimburse and indemnify the Letter of Credit Issuer, in
proportion to their respective Percentages, for and against any and all liabilities, obligations,
losses, damages, penalties, claims, actions, judgments, costs, expenses or disbursements of
whatsoever kind or nature which may be imposed on, asserted against or incurred by such Letter of
Credit Issuer in performing its respective duties in any way relating to or arising out of its
issuance of Letters of Credit; provided that no L/C Participant shall be liable for any portion of
such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements resulting from such Letter of Credit Issuer’s gross negligence or willful
misconduct (as determined by a court of competent jurisdiction).

     Section 2A.6. Increased Costs. If at any time after the Effective Date, the adoption or
effectiveness of any applicable law, rule or
regulation, or any change therein, 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 compliance by the respective Letter of Credit Issuer or any Bank with
any request or directive (whether or not having the force of law) by any such authority, central
bank or comparable agency shall either (i) impose, modify or make applicable any reserve, deposit,
capital adequacy or similar requirement against Letters of Credit issued by such Letter of Credit
Issuer or such Bank’s participation therein, or (ii) shall impose on such Letter of Credit Issuer
or any Bank any other conditions affecting this Agreement, any Letter of Credit or such Bank’s
participation therein; and the result of any of the foregoing is to increase the cost to such
Letter of Credit Issuer or such Bank of issuing, maintaining or participating in any Letter of
Credit, or to reduce the amount of any sum received or receivable by such Letter of Credit Issuer
or such Bank hereunder (other than any increased cost or reduction in the amount received or
receivable resulting from the imposition of

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or a change in the rate of taxes or similar charges),
then, upon demand to the Borrower by such Letter of Credit Issuer or such Bank (a copy of which
notice shall be sent by such Letter of Credit Issuer or such Bank to the Administrative Agent), the
Borrower shall pay to such Letter of Credit Issuer or such Bank such additional amount or amounts
as will compensate such Letter of Credit Issuer or such Bank for such increased cost or reduction.
A certificate submitted to the Borrower by the respective Letter of Credit Issuer or such Bank, as
the case may be (a copy of which certificate shall be sent by such Letter of Credit Issuer or such
Bank to the Administrative Agent) setting forth the basis for the determination of such additional
amount or amounts necessary to compensate such Letter of Credit Issuer or such Bank shall be
conclusive and binding on the Borrower absent manifest error, although the failure to deliver any
such certificate shall not release or diminish any of the Borrower’s obligations to pay additional
amounts pursuant to this Section 2A.6 upon the subsequent receipt thereof. The Borrower’s
obligations under this Section are limited as set forth in Section 8.6.

Article 3

Conditions

     Section 3.1. Initial Borrowing. The obligations of the Banks to make the initial Loans
hereunder and of any Letter of Credit Issuer to issue the initial Letter of Credit hereunder are
subject to receipt by the Administrative Agent of the following documents:

     (a) an opinion of counsel for the Credit Parties in a form reasonably acceptable to the
Administrative Agent and covering such matters relating to the transactions contemplated
hereby as the Administrative Agent or the Required Banks may reasonably request;

     (b) all documents the Administrative Agent may reasonably request relating to the
corporate authority of each Credit Party which is a party hereto or any other Credit
Document and the validity of this Agreement and each other Credit Document, all in form and
substance reasonably satisfactory to the Administrative Agent;

     (c) copies of this Agreement executed by the Borrower, each Guarantor and each of the
Banks;

     (d) the Administrative Agent shall have received fully executed copies of the License
Agreements; and

     (e) the Administrative Agent shall have received documentation, in form and substance
reasonably acceptable to the Administrative Agent, evidencing the termination of the
Existing Credit Agreements, the repayment of all obligations owing thereunder (other than
indemnities and similar obligations that customarily survive termination of credit
facilities) and the release of all Liens granted in connection therewith.

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     The Administrative Agent shall promptly notify the Borrower and the Banks of the satisfaction
of the conditions set forth in this Section 3.1, and such notice shall be conclusive and binding on
all parties hereto.

     Section 3.2. Each Borrowing. The obligation of the Banks to make each Loan hereunder and of
any Letter of Credit Issuer to issue or amend each Letter of Credit is subject at the time of such
Loan or issuance or amendment of such Letter of Credit to the satisfaction of the following
conditions:

     (a) the satisfaction of the conditions set forth in Section 3.1;

     (b) receipt by the Administrative Agent of a Notice of Borrowing as required by Section
2.2;

     (c) the fact that, immediately after any Borrowing of Loans, the aggregate amount of
all Loans made hereunder plus the Letter of Credit Outstandings will not exceed the Total
Commitments in effect;

     (d) the fact that, immediately before and after such Borrowing, no Default shall have
occurred and be continuing;

     (e) the fact that the representations and warranties of the Credit Parties contained in
this Agreement shall be true and correct in all material respects on and as of the date of
such Borrowing (other than representations and warranties that relate to a specific date,
which shall be true and correct in all material respects as of such date); and

     (f) with respect to the transactions contemplated by the Credit Agreement, each Credit
Party shall have obtained any necessary consents, waivers, approvals, authorizations,
registrations, filings, licenses and notifications (including, if necessary, qualifying to
do business in, and qualifying under the applicable consumer laws of, each jurisdiction
where the applicable party is then doing business, or is in the process of obtaining such
qualification in each jurisdiction where the applicable party is expected to be doing
business utilizing the proceeds of such Loan) and the same shall be in full force and
effect, except where the failure to obtain such consent, qualification or other item
could not reasonably be expected to have a material adverse effect on the Borrower and its
Subsidiaries, taken as a whole.

     Each Borrowing hereunder shall be deemed to be a representation and warranty by the Borrower
on the date of such Borrowing as to the facts specified in clauses (c), (d), (e) and (f) of this
Section.

     No Bank shall have any obligation to make a Loan hereunder and no Letter of Credit Issuer
shall have any obligation to issue a Letter of Credit hereunder at any time unless all conditions
precedent have been satisfied before or at such time. The conditions precedent are included for
the exclusive benefit of the Administrative Agent and the Banks. In the event that any one more
Banks makes available a Loan or any one or more Letter of Credit Issuers issues a

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Letter of Credit
at the request of the Borrower notwithstanding that any one or more of the conditions precedent
thereto have not been satisfied in whole or in part, such waiver shall not operate as to waive the
right of the Administrative Agent, the Banks and the Letter of Credit Issuers to require strict
compliance thereafter.

Article 4

Representations and Warranties

     The Borrower represents and warrants that:

     Section 4.1. Existence and Power. Each Credit Party is a corporation, limited liability
company, partnership or other organization, duly organized and validly existing and, where
applicable, in good standing under the laws of the jurisdiction of its organization, and has all
corporate or other powers and all material governmental licenses, authorizations, consents and
approvals required to carry on its business as now conducted except where the failure to do so
would not reasonably be expected to have a Material Adverse Effect.

     Section 4.2. Corporate and Governmental Authorization; No Contravention. The execution,
delivery and performance by each Credit Party of the Credit Documents to which it is a party (i)
are within the corporate or other powers of such Credit Party, (ii) have been duly authorized by
all necessary corporate or other action, (iii) require no action by or in respect of, or filing
with, any governmental body, agency or officials except where the failure to do so could not
reasonably be expected to have a Material Adverse Effect, (iv) do not contravene, or constitute a
default under, (a) any provision of applicable law or regulation or of the articles of association,
the organizational certificate, bylaws or other constitutional documents, as applicable, of such
Credit Party or (b) any agreement, judgment, injunction, order, decree or other instrument binding
upon the Borrower or any of its Subsidiaries which could reasonably be expected to have a Material
Adverse Effect and (v) will not result in the creation or imposition of any Lien on any asset of
the Borrower or any of its Subsidiaries. Neither the Borrower (or any of its directors or
officers) nor any Insured Subsidiary (or any of its directors or officers) is a party
to, or subject to, any agreement with, or specific directive or order issued by, any federal or
state bank or thrift regulatory authority which restricts the payment of dividends by any Insured
Subsidiary to the Borrower; and no action or administrative proceeding is pending or, to the
Borrower’s knowledge, threatened against the Borrower or any Insured Subsidiary or any of their
directors or officers which seeks to impose any such restriction, in each case that could
reasonably be expected to have a Material Adverse Effect.

     Section 4.3. Binding Effect. This Agreement and the other Credit Documents constitute valid
and binding agreements of the Borrower and each other Credit Party which is a party thereto, and
each Note, when executed and delivered in accordance with this Agreement, will constitute a valid
and binding obligation of the Borrower, in each case enforceable in accordance with its terms.

     Section 4.4. Financial Information. (a) The consolidated balance sheet of the Borrower and
its Consolidated Subsidiaries as of December 31, 2005, and the related consolidated

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statements of
income, retained earnings and cash flows for the fiscal year then ended, reported on by Deloitte &
Touche LLP, and the unaudited interim consolidated balance sheet of the Borrower and its
Consolidated Subsidiaries as of June 30, 2006 and the related consolidated statements of income,
retained earnings and cash flows for the six months then ended, copies of which have been delivered
to each of the Banks, fairly present in all material respects the consolidated financial position
of the Borrower and its Consolidated Subsidiaries as of such dates and their consolidated results
of operations and cash flows for the periods then ended, subject, in the case of unaudited
financial statements, to the absence of footnotes and to year end adjustments.

     (b) Since December 31, 2005 there has been no material adverse change in the business,
financial position or operations of the Borrower and its Consolidated Subsidiaries, considered as a
whole.

     (c) Except as disclosed in the financial statements delivered pursuant to Section 4.4(a) there
were as of the Effective Date no liabilities or obligations with respect to the Borrower or any of
its Subsidiaries of any nature whatsoever (whether absolute, accrued, contingent or otherwise and
whether or not due) which, either individually or in aggregate, could reasonably be expected to
have a material and adverse effect on the Borrower or the Borrower and its Subsidiaries taken as a
whole. As of the Effective Date, the Borrower knows of no basis for the assertion against it or
any of its Subsidiaries of any liability or obligation of any nature whatsoever that is not
disclosed in the financial statements delivered pursuant to Section 4.4(a) which, either
individually or in the aggregate, could reasonably be expected to be material to the Borrower or
the Borrower and its Subsidiaries taken as a whole.

     Section 4.5. Litigation. There is no action, suit or proceeding pending against, or to the
knowledge of the Borrower threatened against or affecting, the Borrower or any of its Subsidiaries
before any court or arbitrator or any governmental body, agency or official in which there is a
reasonable possibility of an adverse decision which could materially adversely affect the business,
consolidated financial position or consolidated results of operations of the Borrower and its
Consolidated Subsidiaries, considered
as a whole, or which in any manner draws into question the validity or enforceability of any Credit
Document.

     Section 4.6. Compliance with ERISA. To the best of the Borrower’s knowledge after reasonable
investigation: (a) Each member of the ERISA Group has fulfilled its obligations under the minimum
funding standards of ERISA and the Code with respect to each Plan and is in compliance in all
material respects with the presently applicable provisions of ERISA and the Code with respect to
each Plan. No member of the ERISA Group has (i) sought a waiver of the minimum funding standard
under Section 412 of the Code in respect of any Plan, (ii) failed to make any contribution or
payment to any Plan or Multiemployer Plan or in respect of any Benefit Arrangement, or made any
amendment to any Plan or Benefit Arrangement, which has resulted or could result in the imposition
of a Lien or the posting of a bond or other security under ERISA or the Code or (iii) incurred any
liability under Title IV of ERISA other than a liability to the PBGC for premiums under Section
4007 of ERISA.

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     (b) Each Foreign Pension Plan has been maintained in substantial compliance with its
terms and with the requirements of any and all applicable laws, statutes, rules, regulations and
orders and has been maintained, where required, in good standing with applicable regulatory
authorities. All material contributions required to be made with respect to a Foreign Pension Plan
have been timely made. Neither the Borrower nor any of its Subsidiaries has incurred any material
obligation in connection with the termination of or withdrawal from any Foreign Pension Plan. The
Borrower and its Subsidiaries do not maintain or contribute to any Foreign Pension Plan the
obligations with respect to which could reasonably be expected to have a material adverse effect on
the ability of the Borrower or the Borrower and its Subsidiaries taken as a whole to perform their
obligations under the Credit Documents.

     Section 4.7. Environmental Matters. To the best of the Borrower’s knowledge after reasonable
investigation: Each of the Borrower and its Subsidiaries has obtained all material environmental,
health and safety permits, licenses and other authorizations required under all Environmental Laws
to carry on its business as now being or as proposed to be conducted except for such permits,
licenses and other authorizations the failure to obtain, individually or in the aggregate, could
not reasonably be expected to result in a Material Adverse Effect. Each of such permits, licenses
and authorizations is in full force and effect and the Borrower and its Subsidiaries is in material
compliance with the terms and conditions thereof, and is also in material compliance with all other
limitations, restrictions, conditions, standards, prohibitions, requirements, obligations,
schedules and timetables contained in any applicable Environmental Law or in any regulation, code,
plan, order, decree, judgment, injunction, notice or demand letter issued, entered, promulgated or
approved thereunder except for such failure to comply, individually or in the aggregate, as could
not reasonably be expected to result in a Material Adverse Effect. In addition, no notice,
notification, demand, request for information, citations, summons or order has been issued, no
complaint has been filed, no penalty has been assessed and no investigation or review is pending or
threatened by any governmental or other entity with respect to any alleged failure by the Borrower
or any of its Subsidiaries to have any environmental, health or safety permit, license or other
authorization required under any Environmental Law in connection with the conduct of the business
of the Borrower or any of its Subsidiaries or with respect to any generation, treatment, storage,
recycling, transportation, discharge or disposal, or any release of any Hazardous Substance
generated or handled by the Borrower or any of its Subsidiaries except for such matters that,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect. There have been no environmental investigations, studies, audits, tests, reviews or other
analyses conducted by or that are in the possession of the Borrower or any of its Subsidiaries in
relation to any site or facility now or previously owned, operated or leased by the Borrower or any
of its Subsidiaries which have not been made available to the Administrative Agent and the Banks
except for such matters that, individually or in the aggregate, could not reasonably be expected to
result in a Material Adverse Effect.

     Section 4.8. Taxes. The Borrower and its Subsidiaries have filed all United States Federal
and Canadian income tax returns and all other material tax returns which are required to be filed
by them and have paid all taxes due pursuant to such
returns or pursuant to any assessment received by the Borrower or any Subsidiary, except such
taxes, if any, as are being contested in good faith and by appropriate proceedings. The charges,
accruals and reserves on

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the books of the Borrower and its Subsidiaries in respect of taxes or
other governmental charges are, in the opinion of the Borrower, adequate.

     Section 4.9. Subsidiaries. Each of the Borrower’s corporate Subsidiaries, if any, is a
corporation duly incorporated, validly existing and, where applicable, in good standing under the
laws of its jurisdiction of incorporation, and has all corporate powers and all material
governmental licenses, authorizations, consents and approvals required to carry on its business as
now conducted except where the failure to do so could not reasonably be expected to result in a
Material Adverse Effect.

     Section 4.10. Investment Company. The Borrower is not an “investment company” within the
meaning of the U.S. Investment Company Act of 1940, as amended.

     Section 4.11. Full Disclosure. All information heretofore furnished by the Borrower to the
Administrative Agent or any Bank for purposes of or in connection with this Agreement or any
transaction contemplated hereby is, and all such information hereafter furnished by the Borrower to
the Administrative Agent or any Bank will be, true and accurate in all material respects on the
date as of which such information is stated or certified. The Borrower has disclosed to the Banks
in writing any and all facts which materially and adversely affect or may affect (to the extent the
Borrower can now reasonably foresee), the business, operations or financial condition of the
Borrower and its Consolidated Subsidiaries, taken as a whole, or the ability of the Borrower to
perform its obligations under this Agreement or the other Credit Documents.

Article 5

Covenants

     The Borrower and each Guarantor, as the case may be, agree that, so long as any Bank has any
Commitment hereunder or any amount payable hereunder or under any Note remains unpaid:

     Section 5.1. Information. The Borrower will deliver to each of the Banks:

     (a) as soon as available and in any event within 90 days after the end of each fiscal
year of the Borrower, the consolidated balance sheet of the Borrower and its Consolidated
Subsidiaries as of the end of such fiscal year and the related consolidated statements of
income, cash flows, and changes in common stockholders’ equity, each for such fiscal year,
setting forth in comparative form the figures for the previous fiscal year and certified by
Deloitte & Touche LLP or another independent public accounting firm of nationally recognized
standing;

     (b) as soon as available and in any event within 45 days after the end of each of the
first three fiscal quarters of the Borrower, the consolidated balance sheet of the Borrower
and its Consolidated Subsidiaries as of the end of such quarter and the related consolidated
statements of income and cash flows for such quarter and for the portion of

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the Borrower’s
fiscal year ended at the end of such quarter, setting forth in comparative form the figures
for the corresponding quarter and the corresponding portion of the Borrower’s previous
fiscal year, all certified (subject to normal year-end adjustments and the absence of
footnotes) to fairly present in all material respects, such financial condition, and as to
generally accepted accounting principles and consistency by the treasurer or chief financial
officer of the Borrower;

     (c) simultaneously with the delivery of each set of financial statements referred to in
clauses (a) and (b) above, a certificate of the treasurer or chief financial officer of the
Borrower, (i) setting forth in reasonable detail the calculations required to establish
whether the Borrower was in compliance with the requirements of Sections 5.11, 5.12, 5.13
and 5.14 and the current outstanding balances of all Intercompany Notes as of the date of
such financial statements, and (ii) stating whether any Default exists on the date of such
certificate and, if any Default then exists, setting forth the details thereof and the
action which the Borrower is taking or proposes to take with respect thereto;

     (d) so long as not contrary to the then recommendations of the Financial Accounting
Standards Board, simultaneously with the delivery of each set of financial statements
referred to in clause (a) above, a statement of the accounting firm which reported on such
statements as to whether anything has come to their attention to cause them to believe that
any Default existed on the date of such statements;

     (e) within 45 days after the beginning of each fiscal year of the Borrower, a budget in
form reasonably satisfactory to the Administrative Agent (including budgeted statements of
consolidated income, consolidated cash flows, and consolidated balance sheets) prepared by
the Borrower for each of the four quarters of such fiscal year, accompanied by a statement
of the treasurer or chief financial officer of the Borrower to the effect that, to the best
of such officer’s knowledge, the budget is a reasonable estimate for the period covered
thereby;

     (f) within five days after any officer of any Credit Party obtains knowledge of any
Default, if such Default is then continuing, a certificate of the treasurer or chief
financial officer of the Borrower setting forth the details thereof and the action which the
Borrower or such Credit Party is taking or proposes to take with respect thereto;

     (g) promptly after the mailing thereof to the public shareholders of the Borrower,
copies of all financial statements, reports and proxy statements so mailed;

     (h) promptly upon the filing thereof, copies of all registration statements (other than
the exhibits thereto and any registration statements on Form S-8 or its equivalent) and
reports on Forms 10-K, 10-Q and 8-K (or their equivalents) which the Borrower or any other
Credit Party shall have filed with the Securities and Exchange Commission;

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     (i) promptly upon discovery of the fact that any member of the ERISA Group (i) gives or
is required to give notice to the PBGC of any “reportable event” (as defined in Section 4043
of ERISA) with respect to any Plan which might constitute grounds for a termination of such
Plan under Title IV of ERISA, or knows that the plan administrator of any Plan has given or
is required to give notice of any such reportable event, a copy of the notice of such
reportable event given or required to be given to the PBGC; (ii) receives notice of complete
or partial withdrawal liability under Title IV of ERISA or notice that any Multiemployer
Plan is in reorganization, is insolvent or has been terminated, a copy of such notice; (iii)
receives notice from the PBGC under Title IV of ERISA of an intent to terminate, impose
liability (other than for premiums under Section 4007 of ERISA) in respect of, or appoint a
trustee to administer any Plan, a copy of such notice; (iv) applies for a waiver of the
minimum funding standard under Section 412 of the Code, a copy of such application; (v)
gives notice of intent to terminate any Plan under Section 4041(c) of ERISA, a copy of such
notice and other information filed with the PBGC; (vi) gives notice of withdrawal from any
Plan pursuant to Section 4063 of ERISA, a copy of such notice; or (vii) fails to make any
payment or contribution to any Plan, Foreign Pension Plan or Multiemployer Plan or in
respect of any Benefit Arrangement or makes any amendment to any Plan, Foreign Pension Plan
or Benefit Arrangement which has resulted or could result in the imposition of a Lien or the
posting of a bond or other security, a certificate of the treasurer of the Borrower setting
forth details as to such occurrence and action, if any, which the Borrower, the applicable
Credit Party or the applicable member of the ERISA Group is required or proposes to take;

     (j) to the extent permitted by applicable law, promptly upon the receipt or execution
thereof, (i) notice by the Borrower or any Insured Subsidiary that (1) it has received a
request or directive from any federal or state regulatory agency which requires it to submit
a capital maintenance or restoration plan that restricts the payment of dividends by any
Insured Subsidiary to the Borrower or (2) it has submitted a capital maintenance or
restoration plan to any federal or state regulatory agency or has entered into a memorandum
or agreement with any such agency, in each case which plan, memorandum or agreement
restricts the payment of dividends by any Insured Subsidiary to the Borrower, and (ii)
copies of any such plan, memorandum, or agreement, unless disclosure is prohibited by the
terms thereof and, after the Borrower or such Insured Subsidiary has in good faith attempted
to obtain the consent of such regulatory agency, such agency will not consent to the
disclosure of such plan, memorandum, or agreement to the Bank;

     (k) prompt notice if the Borrower, any Subsidiary or any other Credit Party shall
receive any notification from any governmental authority alleging a violation of any
applicable law or any inquiry which could reasonably be expected to have a material adverse
effect on the Borrower and the other Credit Parties, taken as a whole;

     (l) prompt notice of any Person becoming a Material Subsidiary;

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     (m) prompt notice of the sale, transfer or other disposition of any Material Asset of
the Borrower, any Subsidiary or any other Credit Party to any Person other than the
Borrower, any Subsidiary or any other Credit Party other than a sale, transfer or other
disposition made in the ordinary course of business;

     (n) prompt notice of any change in the senior management of the Borrower and any change
in the business assets, liabilities, financial condition or operations of the Borrower, any
Subsidiary or any other Credit Party which has had or could reasonably be expected to have a
material adverse effect on the Borrower and the other Credit Parties, taken as a whole; and

     (o) from time to time such additional information regarding the financial position or
business of the Credit Parties and their Subsidiaries (including non-financial information
and examination reports and supervisory letters to the extent permitted by applicable
regulatory authorities) as the Administrative Agent, at the request of any Bank, may
reasonably request.

     Section 5.2. Payment of Obligations. Each Credit Party will pay and discharge, and will cause
each Subsidiary to pay and discharge, at or before maturity, all their respective material
obligations and liabilities (including, without limitation, tax liabilities and claims of
materialmen, warehousemen and the like which if unpaid might by law give rise to a Lien), except
where the same (i) may be contested in good faith by appropriate proceedings, and will maintain,
and will cause each Subsidiary to maintain, in accordance with generally accepted accounting
principles, appropriate reserves for the accrual of any of the same or (ii) could not reasonably be
expected to result in a Material Adverse Effect.

     Section 5.3. Maintenance of Property; Insurance. (a) Each Credit Party will keep, and will
cause each Subsidiary to keep, all property useful and necessary in its business in good working
order and condition, ordinary wear and tear excepted.

     (b) Each Credit Party will, and will cause each Subsidiary to, maintain (either in the name of
the Borrower or in its own name) with financially sound and responsible insurance companies,
insurance on all their respective properties in at least such amounts, against at least such risks
and with such risk retention as are usually maintained, insured against or retained, as the case
may be, in the same general area by companies of established repute engaged in the same or a
similar business and will furnish to the Banks, upon request from the Administrative Agent,
information presented in reasonable detail as to the insurance so carried.

     Section 5.4. Conduct of Business and Maintenance of Existence. Each Credit Party will
continue, and will cause each Subsidiary to continue, to engage in business of the same general
type as now conducted by such Credit Party, and will preserve, renew and keep in full force and
effect, and will cause each Subsidiary to preserve, renew and keep in full force and effect their
respective existence and their respective rights, privileges and franchises necessary or desirable
in the normal conduct of business; provided, that nothing in this Section 5.4 shall prohibit (i) a
merger or consolidation which is otherwise permitted by Section 5.7 or (ii) the termination of the
corporate existence of any Subsidiary if the Borrower in good faith determines that such

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termination is in the best interest of the Borrower and is not materially disadvantageous to the
Banks.

     Section 5.5. Compliance with Laws. Each Credit Party will comply, and cause each Subsidiary
to comply, in all respects with all applicable laws, ordinances, rules, regulations, and
requirements of governmental authorities (including, without limitation, Environmental Laws and
ERISA and the rules and regulations thereunder) except (i) where the necessity of compliance
therewith is contested in good faith by appropriate proceedings or (ii) to the extent that failure
to comply therewith could not reasonably be expected to result in a Material Adverse Effect.

     Section 5.6. Inspection of Property, Books and Records. The Credit Parties will keep, and
will cause each Subsidiary to keep, proper books of record and account in which full, true and
correct entries shall be made of all dealings and transactions in relation to its business and
activities; and will permit, and will cause each Subsidiary to permit, representatives of any Bank,
at such Bank’s expense, to visit and inspect any of their respective properties, to examine and
make abstracts from any of their respective books and records and to discuss their respective
affairs, finances and accounts with their respective officers and independent public accountants,
all at such reasonable times and as often as may reasonably be desired.

     Section 5.7. Mergers and Sales of Assets. The Credit Parties will not (x) consolidate or
merge with or into any other Person or (y) sell, lease or otherwise transfer, directly or
indirectly, any substantial part of the assets of any
Credit Party and its Subsidiaries, taken as a whole, to any other Person; except that the following
shall be permitted, but in the case of clauses (a), (c) and (d) below, only so long as no Default
shall have occurred and be continuing both before and after giving effect thereto: (a) (i) any
Credit Party may merge with or sell or otherwise transfer assets to the Borrower or any Guarantor,
(ii) any Person may be merged with or into any Credit Party pursuant to an acquisition permitted by
Section 5.21(b), provided that such Credit Party is the surviving corporation of such merger and
(iii) any Credit Party (other than the Borrower) may be merged with or into any Person pursuant to
an acquisition permitted by Section 5.21(b), provided that if required by Section 5.23 the
surviving entity becomes a Guarantor at the time of such merger pursuant to documentation
reasonably acceptable to the Administrative Agent, (b) the sale or other transfer of credit card
receivables and related assets pursuant to Qualified Securitization Transactions, (c) assets sold
and leased back in the normal course of the Borrower’s business and (d) sales, leases and other
transfers of assets in an aggregate amount which when combined with all such other transactions
under this clause (d) during the then current fiscal year, represents the disposition of assets
with an aggregate book value not greater than 15% of Consolidated Total Assets of the Borrower
calculated as of the end of the immediately preceding fiscal year.

     Section 5.8. Use of Proceeds. The proceeds of the Loans made under this Agreement will be
used by the Borrower to finance the general corporate and working capital needs of the Borrower and
its Subsidiaries including, without limitation, the refinancing of existing indebtedness and the
financing of Restricted Acquisitions. None of the proceeds of any Loan made hereunder will be
used, directly or indirectly, for the purpose, whether immediate,

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incidental or ultimate, of buying
or carrying any “margin stock” within the meaning of Regulation U.

     Section 5.9. Negative Pledge. Neither a Credit Party nor any Subsidiary will create, assume
or suffer to exist any Lien on any asset now owned or hereafter acquired by it, except:

     (a) Liens existing on the Effective Date and listed on Schedule 5.9 hereto;

     (b) any Lien existing on any asset of any Person at the time such Person merges with or
becomes a Subsidiary and not created in contemplation of such event;

     (c) any Lien on any asset securing Debt incurred or assumed for the purpose of
financing all or any part of the cost of acquiring such asset, provided that such Lien
attaches only to such asset acquired and attaches concurrently with or within 90 days after
the acquisition thereof;

     (d) any Lien on any asset of any Person existing at the time such Person is merged or
consolidated with or into a Credit Party or its Subsidiary and not created in contemplation
of such event, so long as such Lien does not attach to any other asset of such Credit Party
or its Subsidiaries;

     (e) any Lien existing on any asset prior to the acquisition thereof by a Credit Party
or a Subsidiary and not created in contemplation of such acquisition;

     (f) any Lien arising out of the refinancing, extension, renewal or refunding of any
Debt secured by any Lien permitted by any of the foregoing clauses of this Section, provided
that the amount of such Debt is not increased and is not secured by any additional assets;

     (g) Liens arising in the ordinary course of its business which (i) do not secure Debt
or Derivatives Obligations, (ii) do not secure any obligation in an amount exceeding U.S.
$5,000,000 and (iii) do not in the aggregate materially detract from the value of the assets
secured or materially impair the use thereof in the operation of such Credit Party or
Subsidiary’s business;

     (h) Liens arising in connection with Qualified Securitization Transactions;

     (i) Liens securing Debt permitted under Section 5.15(iv) hereof;

     (j) Liens incurred or deposits or pledges made in the ordinary course of business (i)
in connection with workers’ compensation, unemployment insurance and other types of social
security, (ii) to secure the payment or performance of tenders, statutory or regulatory
obligations, bids, leases, contracts (including contracts to provide customer care services,
billing services, transaction processing services and other services), performance and
return of money bonds and other similar obligations, including letters of credit and bank
guarantees required or requested by the United States,

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any State thereof or any foreign
government or any subdivision, department, agency, organization or instrumentality of any of
the foregoing in connection with any contract or statute (exclusive of obligations for the
payment of borrowed money), or (iii) to cover anticipated costs of future redemptions of
awards under loyalty marketing programs; and

     (k) Liens not otherwise permitted by the foregoing clauses of this Section 5.9 securing
Debt in an aggregate principal or face amount at any date not to exceed 20% of Consolidated
Net Worth of the Borrower.

     In each case set forth above, notwithstanding any stated limitation on the assets that may be
subject to such Lien, a Lien on a specified asset or group or type of assets may include Liens on
all improvements, additions and accessions thereto and all products and proceeds thereof.

     Section 5.10. End of Fiscal Years and Fiscal Quarters. The Borrower shall cause its fiscal
year, and shall cause each of its Subsidiaries’ fiscal years, to end on December 31 and shall cause
its and each of its Subsidiaries’ fiscal quarters to coincide with calendar quarters.

     Section 5.11. Maximum Total Capitalization Ratio. The Borrower will not permit its Total
Capitalization Ratio at any time to be more than 60%.

     Section 5.12. Senior Leverage Ratio. The Borrower shall not permit its Senior Leverage Ratio
at any time to exceed 2.75 to 1.00.

     Section 5.13. Interest Coverage Ratio. The Borrower will not permit its Interest Coverage
Ratio for any period of four consecutive fiscal quarters, as determined for such four quarter
period ending on the last day of any fiscal quarter, to be less than 3.50 to 1.00.

     Section 5.14. Delinquency Ratio. The Borrower shall not permit the average of the Delinquency
Ratios for WFNNB for the most recently ended three consecutive calendar months to exceed 4.5%.

     Section 5.15. Debt Limitation. The Borrower shall not, and shall not permit any of its
Subsidiaries, whether now existing or created in the future, to create or retain any Debt other
than (i) any Debt created or retained by the Borrower or such Subsidiary on or before the Effective
Date and extensions, renewals, refinancings, refundings and replacements thereof, (ii) any Debt
owed to the Borrower or a Subsidiary by the Borrower or a Subsidiary, provided that (A) all such
loans shall be made in compliance with Section 5.21(a), and (B) all such loans from the Borrower to
a Subsidiary shall be made pursuant to and evidenced by an Intercompany Note, (iii) issuances by
Insured Subsidiaries of certificates of deposit and other items to the extent no Default results
therefrom pursuant to the other covenants contained in this Article 5, (iv) obligations of the
Borrower or its Subsidiaries as lessee in respect of leases of property which are capitalized in
accordance with generally accepted accounting principles and shown on the balance sheet of the
Borrower and its Subsidiaries, (v) loans and letter of credit reimbursement obligations
outstanding from time to time under this Agreement, (vi) Debt incurred by the Borrower and its
Subsidiaries in the nature of a purchase price adjustment in connection with a permitted Restricted
Acquisition, (vii) Debt (other than Debt of the types

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described in clauses (iii) or (iv) of this
Section 5.15) of any Person that is acquired by the Borrower or any Subsidiary and becomes a
Subsidiary or is merged with or into the Borrower or any Subsidiary after the Effective Date and
Debt secured by an asset acquired by the Borrower or any Subsidiary after the Effective Date, and,
in each case, refinancings, renewals, extensions, refundings and replacements thereof, if (A) such
original Debt was in existence on the date such Person became a Subsidiary or merged with or into
the Borrower or any Subsidiary or on the date that such asset was acquired, as the case may be, (B)
such original Debt was not created in contemplation of such Person becoming a Subsidiary or merging
with or into the Borrower or any Subsidiary or such asset being acquired, as the case may be, and
(C) immediately after giving effect to the acquisition of such Person or asset by the Borrower or
any Subsidiary, as the case may be, no Default or Event of Default shall have occurred and be
continuing, including, without limitation, under Section 5.21(b) of this Agreement, and (viii) Debt
of the Borrower and its Subsidiaries in an amount such that, after giving pro forma effect thereto
and to the use of proceeds thereof as contemplated by Sections 1.2 and 5.21(b)(i), Borrower shall
be in compliance with the covenants set forth in Sections 5.11, 5.12 and 5.13 of this Agreement.

     Section 5.16. Capitalization of Insured Subsidiaries. The Borrower shall, at all times, cause
all Insured Subsidiaries to be “well capitalized” within the meaning of U.S. 12 C.F.R. 208.43(b)(1)
or any successor regulation and such Insured Subsidiaries at no time be reclassified by any
relevant agency as anything other than “well capitalized.”

     Section 5.17. Restricted Payments; Required Dividends. (a) Other than payments made in
accordance with the terms of subsection (b) below, neither the Borrower nor any of its Subsidiaries
will declare or make any Restricted Payment unless, after giving effect thereto, (i) the Senior
Leverage Ratio calculated on a pro forma basis would not exceed 2.50 to 1.00 and (ii) the aggregate
of all Restricted Payments made during such fiscal year does not exceed the Maximum Annual Amount.
For purposes of this section, the term “Maximum Annual Amount” shall mean (i) $200,000,000 for the
period from and including January 1, 2006 through and including December 31, 2006 and (ii) during
each Annual Measurement Period (as defined below) thereafter, an amount equal to the sum of (x) the
Maximum Annual Amount for the immediately preceding Annual Measurement Period plus (y) if the
Consolidated Operating EBITDA for the immediately preceding Annual Measurement Period was greater
than 110% of the Consolidated Operating EBITDA for the second preceding Annual Measurement Period
$50,000,000, and, if not, zero. Notwithstanding the foregoing, the unused portion of the Maximum
Annual Amount not expended in the applicable fiscal year may be carried over for use in the
immediately succeeding fiscal year only. As used herein the term “Annual Measurement Period” shall
mean each period commencing on January 1 of a calendar year and ending on December 31 of such
calendar year.

     (b) The Borrower shall cause each Domestic Subsidiary (to the extent permitted under any
applicable law, rule or regulation, judgment, injunction, order or decree of any governmental
authority) to take all such necessary corporate actions to declare cash dividends, payable to the
shareholder of such Subsidiary, in an aggregate amount, if any, equal to all amounts that are then
due and owing and remain outstanding after the date of payment therefor pursuant to the terms of
this Agreement.

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Notwithstanding the foregoing, if a Default or Event of Default exists, neither the Borrower nor
any of its Subsidiaries shall make any Restricted Payments to any Person other than to the Borrower
or any other Credit Party.

     Section 5.18. Equity Ownership, Limitation on Creation of Subsidiaries. Notwithstanding
anything to the contrary contained in this Agreement, the Borrower will not, and will not permit
any of its Subsidiaries to, establish, create or acquire after the Effective Date any Subsidiary;
provided that (A) the Borrower and its Wholly-Owned Subsidiaries shall be permitted to establish or
create Wholly-Owned Subsidiaries so long as, in each case, (i) if such new Subsidiary is a Material
Subsidiary, written notice of the establishment or creation thereof is given to the Administrative
Agent promptly after such establishment or creation as required pursuant to Section 5.1(l), and
(ii) if required by Section 5.23, such new Subsidiary promptly executes a Guarantor Supplement to
become a Guarantor pursuant to Article 9 (or similar document satisfactory to the Administrative
Agent) and (B) Subsidiaries may be acquired to the extent such acquisition does not give rise to a
Default hereunder so long as the actions specified in preceding clause (A) shall be taken, and, to
the extent applicable, the Borrower complies with Section 5.21(b). In addition, each new
Subsidiary that is required to execute any Credit Document shall execute and deliver, or cause to
be executed and delivered, all other relevant documentation of the type described in
Section 3.1 as such new Subsidiary would have had to deliver if such new Subsidiary were a Credit
Party on the Effective Date.

     Section 5.19. Change of Business. The Borrower will not, and will not permit any of its
Subsidiaries to, materially alter the character of the business of the Borrower and its
Subsidiaries from that conducted on the Effective Date.

     Section 5.20. Limitation on Issuance of Capital Stock. The Borrower will not permit any of
its Subsidiaries to issue any capital stock (including by way of sales of treasury stock) or any
options or warrants to purchase, or securities convertible into, capital stock, except (i) for
transfers and replacements of then outstanding shares of capital stock, (ii) for stock splits,
stock dividends and issuances which do not decrease the percentage ownership of the Borrower or any
of its Subsidiaries in any class of the capital stock of such Subsidiary, (iii) to qualify
directors to the extent required by applicable law, (iv) for issuances by newly created or acquired
Subsidiaries in accordance with the terms of this Agreement, and (v) to the Borrower or a
Subsidiary of the Borrower.

     Section 5.21. Investments; Restricted Acquisition. (a) The Borrower shall not, and shall not
permit any Subsidiary to hold, make or acquire any Investment in any Person other than:

     (i) Investments by the Borrower or its Subsidiaries in Persons which are Guarantors;

     (ii) Investments by the Borrower or its Subsidiaries in Persons which are Domestic
Subsidiaries but not Guarantors; provided that, immediately after each such Investment is
made, the aggregate amount of such Investments then outstanding (the amount of each such
Investment being measured at the time such Investment was made) (and without duplication of
amounts subsequently invested by the recipient thereof in

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another Domestic Subsidiary that
is not a Guarantor) shall not exceed 5% of the Borrower’s Consolidated Net Worth (measured
at the time each such Investment is made) plus the amount invested or committed to be
invested on the Effective Date as shown on Schedule 5.21, and in each case all amendments,
restatements, modifications, extensions, renewals, refinancings, refundings and replacements
of such Investments;

     (iii) Investments by the Borrower or its Subsidiaries in Foreign Subsidiaries provided
that, immediately after each such Investment is made, the aggregate amount of such
Investments then outstanding (the amount of each such Investment being measured at the time
such Investment was made) (and without duplication of amounts subsequently invested by the
recipient thereof in another Foreign Subsidiary) shall not exceed 5% of the Borrower’s
Consolidated Net Worth (measured at the time each such Investment is made) plus the amount
invested or committed to be invested on the Effective Date as shown on Schedule 5.21, and in
each case all amendments, restatements, modifications, extensions, renewals, refinancings,
refundings and replacements of such Investments;

     (iv) Investments consistent with the investment policy attached hereto as Schedule II;

     (v) Investments by Insured Subsidiaries as are necessary to comply with the provisions
of The Community Reinvestment Act;

     (vi) Investments consisting of credit card loans made by Insured Subsidiaries pursuant
to the terms of any applicable credit card accounts owned by Insured Subsidiaries;

     (vii) Restricted Acquisitions permitted under Section 5.21(b);

     (viii) Investments in Insured Subsidiaries to the extent necessary in order to maintain
compliance with Section 5.16;

     (ix) Investments made in connection with Qualified Securitization Transactions; and

     (x) any Investment not otherwise permitted by the foregoing clauses of this Section if,
immediately after such Investment is made or acquired, the aggregate net book value of all
Investments permitted by this clause (x) (measured at the time each such Investment is made)
does not exceed 5% of Consolidated Net Worth of the Borrower.

     (b) The Borrower and its Subsidiaries may make Restricted Acquisitions so long as:

     (i) the Borrower and its Subsidiaries shall be in compliance with all provisions of
this Agreement, including all financial covenants, both before and after giving effect
thereto, with such financial covenants to be calculated on a pro forma basis as if such
Restricted Acquisition had been consummated on the first day of the then most recently ended
period of twelve consecutive fiscal months and giving effect to (x) the

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actual historical
financial performance (including Consolidated Operating EBITDA) of such acquired entity and
(y) identifiable cost savings associated with providing data processing services to such
acquired entities as reasonably approved by the Administrative Agent;

     (ii) the total consideration paid (including equity issued and Debt assumed) in
connection with any Restricted Acquisition of a Person which as a result thereof does not
become a Wholly-Owned Subsidiary of the Borrower shall not exceed 10% of the Borrower’s
Consolidated Net Worth calculated at the end of the immediately preceding fiscal year;

     (iii) such Restricted Acquisition is not a Hostile Acquisition; and

     (iv) the Borrower complies with Section 5.18.

     Section 5.22. No Restrictions. Except as provided herein, the Borrower will not, and will not
permit any Subsidiary to, directly or indirectly create or otherwise cause or suffer to exist or
become effective any consensual encumbrance or restriction of any kind on the ability of any
Insured Subsidiary to: (a) pay dividends or make any other distribution on any Subsidiary’s
capital stock or other equity interests owned by the Borrower or any other Subsidiary, (b) pay any
indebtedness owed to the Borrower or any other Subsidiary, (c) make loans or advances to the
Borrower or any other Subsidiary or (d) transfer any of its property to the Borrower or any other
Subsidiary, except encumbrances and restrictions of the types described below:

     (1) encumbrances and restrictions contained in this Agreement and the other Credit
Documents;

     (2) customary supermajority voting provisions and other customary provisions with
respect to the disposition or distribution of assets, each contained in corporate charters,
bylaws, stockholders’ agreements, limited liability company agreements, partnership
agreements, joint venture agreements and other similar agreements;

     (3) encumbrances and restrictions required by law or by any regulatory authority having
jurisdiction over such Insured Subsidiary or any of their businesses;

     (4) customary restrictions in agreements governing Liens permitted under Section 5.9
provided that such restrictions relate solely to the property subject to such Lien;

     (5) encumbrances and restrictions contained in any merger agreement or any agreement
for the sale or other disposition of an asset, including, without limitation, the capital
stock or other equity interest of a Subsidiary, provided, that such restriction is limited
to the asset that is the subject of such agreement for sale or disposition and such
disposition is made in compliance with Section 5.7;

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     (6) encumbrances and restrictions contained in contracts (other than relating to Debt)
entered into in the ordinary course of business that do not, in the aggregate, detract from
the value of the property or assets of the Borrower or any Subsidiary in any material manner
(including, without limitation, non-assignment provisions in leases and licenses);

     (7) encumbrances and restrictions contained in agreements governing Debt permitted
under Section 5.15; and

     (8) encumbrances and restrictions contained in any agreement or instrument, capital
stock or other equity interest that amends, modifies, restates, renews, increases,
supplements, refunds, replaces, extends or refinances any agreement, instrument or capital
stock or equity interest described in clauses (1)-(8) of this Section, from time to time, in
whole or in part, provided that the encumbrances or restrictions set forth therein
are not more restrictive than those contained in the predecessor agreement, instrument or
capital stock or other equity interest.

     Section 5.23. Guarantors. The Borrower will (a) cause each Material Domestic Subsidiary to
execute this Agreement as a Guarantor (and from and after the Effective Date cause each Material
Domestic Subsidiary to execute and deliver to the Administrative Agent, as promptly as possible,
but in any event within thirty (30) days after becoming a Material Domestic Subsidiary of the
Borrower, an executed Guarantor Supplement to become a Guarantor hereunder (whereupon such
Subsidiary shall become a “Guarantor” under this Agreement)), and (b) deliver and cause each such
Subsidiary to deliver corporate resolutions, opinions of counsel, and such other corporate
documentation as the Administrative Agent may reasonably request, all in form and substance
reasonably satisfactory to the Administrative Agent; provided, however, that upon the Borrower’s
written request of and certification to the Administrative Agent that a Subsidiary is no longer a
Material Domestic Subsidiary, the Administrative Agent shall release such Subsidiary from its
duties and obligations hereunder and under its Guarantor Supplement; provided, further, that if
such Subsidiary subsequently qualifies as a Material Domestic Subsidiary, it shall be required to
re-execute the Guarantor Supplement. Notwithstanding the foregoing, the provisions of this Section
5.23 shall not be applicable with respect to Insured Subsidiaries, Qualified Securitization
Subsidiaries and Subsidiaries of Foreign Subsidiaries, Insured Subsidiaries and Qualified
Securitization Subsidiaries.

Article 6

Defaults

     Section 6.1. Events of Default. If one or more of the following events (“Events of Default”)
shall have occurred and be continuing:

     (a) the Borrower shall fail to pay when due any principal of any Loan or Unpaid Drawing
or shall fail to pay within 5 Business Days from the date due any interest, any fees or any
other amount payable hereunder;

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     (b) any Credit Party shall fail to observe or perform any covenant contained in Article
5 (other than those contained in Sections 5.1 through 5.3 inclusive, Section 5.5, Section
5.6, Section 5.17(b) and Section 5.18);

     (c) any Credit Party shall fail to observe or perform any covenant or agreement
contained in this Agreement (other than those covered by clause (a) or (b) above) for 30
days after notice thereof has been given to the applicable Credit Party by the
Administrative Agent at the request of the Required Banks;

     (d) any representation, warranty, certification or statement made by any Credit Party
in any Credit Document or in any certificate, financial statement or other document
delivered pursuant to this Agreement shall prove to have been incorrect in any material
respect when made (or deemed made);

     (e) any Credit Party or any Subsidiary of any of them shall fail to make any payment in
respect of any Material Financial Obligations when due or within any applicable grace
period;

     (f) any event or condition shall occur which results in the acceleration of the
maturity of any Material Debt of any Credit Party or any Subsidiary of a Credit Party or
enables (or, with the giving of notice or lapse of time or both, would enable) the holder of
such Debt or any Person acting on such holder’s behalf to accelerate the maturity thereof;

     (g) any Credit Party, any Domestic Subsidiary or any Material Subsidiary of any of them
shall commence a voluntary case or other proceeding seeking liquidation, reorganization or
other relief with respect to itself or its debts under any bankruptcy, insolvency or other
similar law now or hereafter in effect or seeking the appointment of a trustee, receiver
(which for the purposes hereof include a receiver and manager or an interim receiver),
liquidator, custodian, examiner or other similar official of it or any substantial part of
its property, or shall consent to any such relief or to the appointment of, or taking
possession by any such official in an involuntary case or other proceeding commenced against
it, or shall make a general assignment for the benefit of creditors, or shall fail generally
to pay its debts as they become due, or shall take any corporate action to authorize any of
the foregoing or any Insured Subsidiary that is a Material Subsidiary shall cease to be a
federally insured depositary institution, or a cease and desist order which is material and
adverse to the conduct of such Insured Subsidiary’s business or assets shall be issued
against the Borrower or any such Insured Subsidiary pursuant to applicable federal or state
law applicable to banks or thrifts;

     (h) an involuntary case or other proceeding shall be commenced against any Credit
Party, any Domestic Subsidiary or any Material Subsidiary of any of them seeking
liquidation, reorganization or other relief with respect to it or its debts under any
bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the
appointment of a trustee, receiver, liquidator, custodian, examiner or other similar
official of it or any substantial part of its property, and such involuntary case or other
proceeding shall remain undismissed and unstayed for a period of 60 days; or an order for
relief shall

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be entered against any Credit Party, any Domestic Subsidiary or any Material
Subsidiary of any of them under the federal bankruptcy laws as now or hereafter in effect;

     (i) any member of the ERISA Group shall fail to pay when due an amount or amounts
aggregating in excess of U.S. $25,000,000 which it shall have become liable to pay under
Title IV of ERISA; or notice of intent to terminate a Material Plan shall be filed under
Title IV of ERISA by any member of the ERISA Group, any plan administrator or any
combination of the foregoing; or the PBGC shall institute proceedings under Title IV of
ERISA to terminate, to impose liability (other than for premiums under Section 4007 of
ERISA) in respect of, or to cause a trustee to be appointed to administer any Material Plan;
or a condition shall exist by reason of which the PBGC would be entitled to obtain a decree
adjudicating that any Material Plan must be terminated; or there shall occur a complete or
partial withdrawal from, or a default, within the meaning of Section 4219(c)(5) of ERISA,
with respect to, one or more
Multiemployer Plans which could cause one or more members of the ERISA Group to incur a
current payment obligation in excess of U.S. $25,000,000;

     (j) judgments or orders for the payment of money aggregating in excess of U.S.
$25,000,000 shall be rendered against the Borrower or any of its Subsidiaries and such
judgments or orders shall continue unsatisfied and unstayed for a period of 30 days;

     (k) a Change of Control shall occur;

     (l) any Guarantor shall revoke its guaranty provided for in Article 9 of this Agreement
or assert that its guaranty provided for in Article 9 of this Agreement is unenforceable or
otherwise invalid except as permitted hereunder; or

     (m) any License Agreement shall terminate or any arbitration or litigation shall be
commenced seeking termination thereof (except that any litigation or arbitration commenced
by a Person who is not a party to such License Agreement shall not result in an Event of
Default hereunder unless such action is not stayed or dismissed within 60 days of the
commencement thereof), or any party shall assert any termination thereof, or any party to
any License Agreement shall default in any of its material obligations thereunder beyond the
period of grace (if any) therein provided, except for such terminations, arbitrations,
litigations, assertions or defaults which, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect;

then, and in every such event, the Administrative Agent shall (i) if requested by Banks having more
than 50% in aggregate amount of the Commitments, by notice to the Borrower terminate the
Commitments and they shall thereupon terminate, (ii) if requested by Banks holding more than 50% of
the aggregate principal amount of the Loans, by notice to the Borrower declare the Loans (together
with accrued interest thereon and any accrued but unpaid facility fee) to be, and the Loans shall
thereupon become, immediately due and payable without presentment, demand, notice of acceleration,
notice of intent to accelerate, protest or other notice of any kind, all of which are hereby waived
by the Borrower; provided, that in the case of any of the Events of Default specified in clause
6.1(g) or 6.1(h) above with respect to the Borrower, without any

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notice to the Borrower or any
other act by the Administrative Agent or the Banks, the Commitments shall thereupon terminate and
the Loans (together with accrued interest thereon and any accrued but unpaid facility fee) shall
become immediately due and payable without presentment, demand, notice of acceleration, notice of
intent to accelerate, protest or other notice of any kind, all of which are hereby waived by the
Borrower and (iii) if requested by the Required Banks: (x) terminate any Letter of Credit which may
be terminated in accordance with its terms; (y) direct the Borrower to pay (and the Borrower hereby
agrees upon receipt of such notice, or upon the occurrence of any Event of Default specified in
clauses 6.1(g) and 6.1(h) in respect of the Borrower, it will pay) to the Administrative Agent at
its Payment Office such additional amounts of cash, to be held as security for the Borrower’s
reimbursement obligations in respect of Letters of Credit then outstanding equal to the aggregate
Stated Amount of all Letters of Credit then outstanding; and (z) apply any cash collateral held
pursuant to this Agreement to repay the Obligations.

     Section 6.2. Notice of Default. (a) The Borrower shall comply with Section 5.1(f).

     (b) The Administrative Agent shall give notice to the Borrower as provided in Section 6.1(c)
promptly upon being requested to do so by the Required Banks and shall thereupon notify all the
Banks thereof.

Article 7

The Agent

     Section 7.1. Appointment and Authorization. (a) Each Bank irrevocably appoints and authorizes
the Administrative Agent to take such action as agent on its behalf and to exercise such powers
under this Agreement and the Notes as are delegated to the Administrative Agent by the terms hereof
or thereof, together with all such powers as are reasonably incidental thereto.

     Section 7.2. Administrative Agent and Affiliates. The Administrative Agent shall have the
same rights and powers under this Agreement as any other Bank and may exercise or refrain from
exercising the same as though it were not the Administrative Agent, and the Administrative Agent
and its affiliates may accept deposits from, lend money to, and generally engage in any kind of
business with the Borrower or any Subsidiary or affiliate of the Borrower as if it were not the
Administrative Agent.

     Section 7.3. Action by Administrative Agent. The obligations of the Administrative Agent
hereunder are only those expressly set forth herein. Without limiting the generality of the
foregoing, the Administrative Agent shall not be required to take any action with respect to any
Default, except as expressly provided in Article 6.

     Section 7.4. Consultation with Experts. The Administrative Agent may consult with legal
counsel (who may be counsel for the Borrower and/or any Guarantor), independent public accountants
and other experts selected by it and shall not be liable for any action taken or omitted to be
taken by it in good faith in accordance with the advice of such counsel, accountants or experts.

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     Section 7.5. Liability of Administrative Agent. Neither the Administrative Agent nor any of
its affiliates nor any of their respective directors, officers, agents or employees shall be liable
for any action taken or not taken by it in connection herewith (i) with the consent or at the
request of the Required Banks (or, when expressly required hereby, such different number of Banks
required to consent to or request such action or inaction) or (ii) in the absence of its own gross
negligence or willful misconduct. Neither the Administrative Agent nor any of its affiliates nor
any of their respective directors, officers, agents or employees shall be responsible for or have
any duty to ascertain, inquire into or verify (i) any statement, warranty or representation made in
connection with this
Agreement or any Borrowing hereunder; (ii) the performance or observance of any of the covenants or
agreements of the Borrower or any Guarantor; (iii) the satisfaction of any condition specified in
Article 3, except receipt of items required to be delivered to the Administrative Agent; or (iv)
the validity, effectiveness or genuineness of this Agreement, the Notes or any other instrument or
writing furnished in connection herewith. The Administrative Agent shall not incur any liability
by acting in reliance upon any notice, consent, certificate, statement, or other writing (which may
be a bank wire, facsimile transmission or similar writing) believed by it to be genuine or to be
signed by the proper party or parties. Without limiting the generality of the foregoing, the use
of the term “agent” in this Agreement 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.

     Section 7.6. Indemnification. Each Bank shall, ratably in accordance with its Commitment,
indemnify the Administrative Agent, its affiliates and their respective directors, officers, agents
and employees (to the extent not reimbursed by the Borrower) against any cost, expense (including
counsel fees and disbursements), claim, demand, action, loss or liability (except such as result
from such indemnities, gross negligence or willful misconduct) that such indemnities may suffer or
incur in connection with this Agreement or any action taken or omitted by such indemnities
hereunder.

     Section 7.7. Credit Decision. Each Bank acknowledges that it has, independently and without
reliance upon the Administrative Agent or any other Bank, and based on such documents and
information as it has deemed appropriate, made its own credit analysis and decision to enter into
this Agreement. Each Bank also acknowledges that it will, independently and without reliance upon
the Administrative Agent or any other Bank, and based on such documents and information as it shall
deem appropriate at the time, continue to make its own credit decisions in taking or not taking any
action under this Agreement.

     Section 7.8. Successor Administrative Agent. The Administrative Agent may resign at any time
by giving notice thereof to the Banks and the Borrower. Upon any such resignation, the Required
Banks shall have the right to appoint a successor Administrative Agent, subject to the consent of
the Borrower if no Event of Default exists (such consent not to be unreasonably withheld). If no
successor Administrative Agent shall have been so appointed by the Required Banks, and shall have
accepted such appointment, within 30 days after the retiring Administrative Agent gives notice of
resignation, then the retiring Administrative Agent may, on behalf of the Banks, appoint a
successor Administrative Agent, subject to the consent of the

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Borrower if no Event of Default
exists (such consent not to be unreasonably withheld), which shall be a commercial bank organized
under the laws of Canada or the United States of America or of any State thereof and having a
combined capital and surplus of at least the U.S. Dollar Equivalent of U.S. $100,000,000. Upon the
acceptance of its appointment as Administrative Agent hereunder by a successor Administrative
Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all
the rights and duties of the retiring Administrative Agent,
and the retiring Administrative Agent shall be discharged from its duties and obligations
hereunder. After any retiring Administrative Agent’s resignation hereunder as Administrative
Agent, the provisions of this Article shall inure to its benefit as to any actions taken or omitted
to be taken by it while it was Administrative Agent.

Article 8

Change in Circumstances

     Section 8.1. Basis for Determining Interest Rate Inaccurate or Unfair. If on, or prior to,
the first day of any Interest Period for a Euro-Dollar Loan or Euro-Canadian Dollar Loan:

     (a) the Administrative Agent determines that deposits in U.S. Dollars or Canadian
Dollars (in the applicable amounts) are not being offered to the Administrative Agent in the
Euro-Dollar or Euro-Canadian Dollar market, as applicable, for such Interest Period, or

     (b) Banks having 50% or more of the aggregate principal amount of the affected Loans
advise the Administrative Agent that the London Interbank Offered Rate, as determined by the
Administrative Agent, will not adequately and fairly reflect the cost to such Banks of
funding their Euro-Dollar Loans or Euro-Canadian Dollar Loans, as applicable, for such
Interest Period,

the Administrative Agent shall forthwith give notice thereof to the Borrower and the Banks,
whereupon until the Administrative Agent notifies the Borrower that the circumstances giving rise
to such suspension no longer exist, (i) the obligations of the Banks to make Euro-Dollar Loans or
Euro-Canadian Dollar Loans, as applicable, or to continue or convert outstanding Loans as or into
Euro-Dollar Loans or Euro-Canadian Dollar Loans, as applicable, shall be suspended and (ii) each
outstanding Euro-Dollar Loan or Euro-Canadian Dollar Loan, as applicable, shall be converted into a
Base Rate Loan or Canadian Base Rate Loan, as applicable, on the last day of the then current
Interest Period applicable thereto. Should either of the events set forth in subclause (a) or (b)
above occur, unless the Borrower notifies the Administrative Agent at least two Business Days
before the date of any Borrowing of Euro-Dollar Loans or Euro-Canadian Dollar Loans, as applicable,
for which a Notice of Borrowing has previously been given that it elects not to borrow on such
date, such Borrowing shall instead be made as a Base Rate Borrowing or Canadian Base Rate
Borrowing, as applicable.

     Section 8.2. Illegality. If, on or after the Effective Date, the adoption of any applicable
law, rule or regulation, or any change in any applicable law, rule or regulation, or any change in
the interpretation or administration thereof by any governmental authority, central bank or

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comparable agency charged with the interpretation or administration thereof, or compliance by any
Bank (or its Euro-Dollar Lending Office or Euro-Canadian Dollar Lending Office) with any request or
directive (whether or not having the force of law) of any such authority, central Bank or
comparable agency shall make it unlawful or impossible for any Bank (or its Euro-Dollar Lending
Office or Euro-Canadian Dollar Lending
Office) to make, maintain or fund its Euro-Dollar Loans or Euro-Canadian Dollar Loans and such Bank
shall so notify the Administrative Agent, the Administrative Agent shall forthwith give notice
thereof to the other Banks and the Borrower whereupon until such Bank notifies the Borrower and the
Administrative Agent that the circumstances giving rise to such suspension no longer exist, the
obligation of such Bank to make Euro-Dollar Loans or Euro-Canadian Dollar Loans, as applicable, or
to convert outstanding Loans into Euro-Dollar Loans or Euro-Canadian Dollar Loans, as applicable,
shall be suspended. Before giving any notice to the Administrative Agent pursuant to this Section,
such Bank shall designate a different Euro-Dollar Lending Office or Euro-Canadian Dollar Lending
Office if such designation will avoid the need for giving such notice and will not, in the judgment
of such Bank, be otherwise disadvantageous to such Bank. If such notice is given, each Euro-Dollar
Loan or Euro-Canadian Dollar Loan, as applicable, of such Bank then outstanding shall be converted
to a Base Rate Loan or Canadian Base Rate Loan, as applicable, either (a) on the last day of the
then current Interest Period applicable to such Loan if such Bank may lawfully continue to maintain
and fund such Loan to such day or (b) immediately if such Bank shall determine that it may not
lawfully continue to maintain and fund such Loan to such day.

     Section 8.3. Increased Cost and Reduced Return. (a) If on or after the Effective Date, the
adoption of any applicable law, rule or regulation, or any change in any applicable law, rule or
regulation, 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 compliance by any Bank (or its Applicable Lending Office) with any request or directive
(whether or not having the force of law) of any such authority, central bank or comparable agency
shall impose, modify or deem applicable any reserve (including, without limitation, any such
requirement imposed by the Board of Governors of the Federal Reserve System, but excluding with
respect to any Euro-Dollar Loan any such requirement with respect to which such Bank is entitled to
compensation during the relevant Interest Period under Section 2.15), special deposit, insurance
assessment or similar requirement against assets of, deposits with or for the account of, or credit
extended by, any Bank (or its Applicable Lending Office) or shall impose on any Bank (or its
Applicable Lending Office) or the London interbank market any other condition affecting its Loans,
its Note or its obligation to make Loans and the result of any of the foregoing is to increase the
cost to such Bank (or its Applicable Lending Office) of making or maintaining any Loan, or to
reduce the amount of any sum received or receivable by such Bank (or its Applicable Lending Office)
under this Agreement or under its Note with respect thereto, by an amount deemed by such Bank to be
material, then, within 15 days after demand by such Bank (with a copy to the Administrative Agent),
the Borrower shall pay to such Bank such additional amount or amounts as will compensate such Bank
for such increased cost or reduction.

     (b) If any Bank shall have determined that after the Effective Date, the adoption of any
applicable law, rule or regulation regarding capital adequacy, or any change in any such law, rule

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or regulation, 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 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 capital of such Bank (or its Parent) as a consequence of such
Bank’s obligations hereunder to a level below that which such Bank (or its Parent) could have
achieved but for such adoption, change, request or directive (taking into consideration its
policies with respect to capital adequacy) by an amount deemed by such Bank to be material, then
from time to time, within 15 days after demand by such Bank (with a copy to the Administrative
Agent), the Borrower shall pay to such Bank such additional amount or amounts as will compensate
such Bank (or its Parent) for such reduction.

     (c) Each Bank will promptly notify the Borrower and the Administrative Agent of any event of
which it has knowledge, occurring after the Effective Date, which will entitle such Bank to
compensation pursuant to this Section and will designate a different Applicable Lending Office if
such designation will avoid the need for, or reduce the amount of, such compensation and will not,
in the judgment of such Bank, be otherwise disadvantageous to such Bank. A certificate of any Bank
claiming compensation under this Section and setting forth the additional amount or amounts to be
paid to it hereunder shall be conclusive in the absence of manifest error. In determining such
amount, such Bank may use any reasonable averaging and attribution methods.

     Section 8.4. Taxes. (a) For the purposes of this Section 8.4, the following terms have the
following meanings:

     “Taxes” means any and all present or future taxes, duties, levies, imposts, deductions,
charges or withholdings with respect to any payment by the Borrower or the applicable
Guarantor, as the case may be, pursuant to this Agreement or under any Note, and all
liabilities with respect thereto, excluding (i) in the case of each Bank and the
Administrative Agent, taxes imposed on its income, receipts, capital and franchise or
similar taxes imposed on it, by a jurisdiction under the laws of which such Bank or the
Administrative Agent (as the case may be) is organized or in which its principal executive
office is located or, in the case of each Bank, in which its Applicable Lending Office is
located and (ii) in the case of each Bank, any United States withholding tax imposed on such
payments but only to the extent that such Bank is subject to United States withholding tax
at the time such Bank first becomes a party to this Agreement.

     “Other Taxes” means any present or future stamp or documentary taxes and any other
excise or property taxes, or similar charges or levies, which arise from any payment made
pursuant to this Agreement or under any Note or from the execution or delivery of, or
otherwise with respect to, this Agreement or any Note.

     (b) Any and all payments by the Borrower or the applicable Guarantor, as the case may be, to
or for the account of any Bank or the Administrative Agent hereunder or under any Note shall be
made without deduction for any Taxes or Other Taxes; provided, that, if the Borrower or the
applicable Guarantor, as the case may be, shall be required by law to deduct any Taxes or

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Other
Taxes from any such payments (i) the sum payable shall be increased as necessary so that after
making all required deductions (including deductions applicable to additional sums payable under
this Section) such Bank or the Administrative Agent (as the case may be) receives an amount equal
to the sum it would have received had no such deductions been made, (ii) the Borrower or the
applicable Guarantor, as the case may be, shall make such deductions, (iii) the
Borrower or the applicable Guarantor, as the case may be, shall pay the full amount deducted to the
relevant taxation authority or other authority in accordance with applicable law and (iv) the
Borrower or the applicable Guarantor, as the case may be, shall furnish to the Administrative
Agent, at its address referred to in Section 10.1, the original or a certified copy of a receipt
evidencing payment thereof.

     (c) The Borrower agrees to indemnify each Bank and the Administrative Agent for the full
amount of Taxes or Other Taxes (including, without limitation, any Taxes or Other Taxes imposed or
asserted by any jurisdiction on amounts payable under this Section) paid by such Bank or the
Administrative Agent (as the case may be) and any liability (including penalties, interest and
expenses) arising therefrom or with respect thereto. This indemnification shall be paid within 15
days after such Bank or the Administrative Agent (as the case may be) makes demand therefor.

     (d) Each Bank organized under the laws of a jurisdiction outside the United States, on or
prior to the date of its execution and delivery of this Agreement in the case of each Bank listed
on the signature pages hereof and on or prior to the date on which it becomes a Bank in the case of
each other Bank, and from time to time thereafter if requested in writing by the Borrower (but only
so long as such Bank remains lawfully able to do so), shall provide the Borrower and the
Administrative Agent with Internal Revenue Service form W-8 BEN or W-8ECI, as appropriate, or any
successor form prescribed by the Internal Revenue Service, certifying that such Bank is entitled to
benefits under an income tax treaty to which the United States is a party which exempts the Bank
from United States withholding tax or reduces the rate of withholding tax on payments of interest
for the account of such Bank or certifying that the income receivable pursuant to this Agreement is
effectively connected with the conduct of a trade or business in the United States.

     (e) For any period with respect to which a Bank has failed to provide the Borrower or the
Administrative Agent with the appropriate form pursuant to Section 8.4(d) (unless such failure is
due to a change in treaty, law or regulation occurring subsequent to the date on which such form
originally was required to be provided), such Bank shall not be entitled to indemnification under
Section 8.4(b) or (c) with respect to Taxes imposed by the United States; provided that if a Bank,
which is otherwise exempt from or subject to a reduced rate of withholding tax, becomes subject to
Taxes because of its failure to deliver a form required hereunder, the Borrower shall take such
steps as such Bank shall reasonably request to assist such Bank to recover such Taxes.

     (f) If the Borrower is required to pay additional amounts to or for the account of any Bank
pursuant to this Section, then such Bank will change the jurisdiction of its Applicable Lending
office if, in the judgment of such Bank, such change (i) will eliminate or reduce any

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such
additional payment which may thereafter accrue and (ii) is not otherwise disadvantageous to such
Bank.

     Section 8.5. Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation
of any Bank to make, or convert outstanding Loans to, Euro-Dollar Loans or Euro-Canadian Dollar
Loans has been suspended pursuant to Section 8.2 or (ii) any Bank has demanded compensation under
Section 8.3 or 8.4 with respect to its Euro-Dollar Loans or Euro-Canadian Dollar Loans and the
Borrower shall, by at least five Business Days’ prior notice to such Bank through the
Administrative Agent, have elected that the provisions of this Section shall apply to such Bank,
then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such
suspension or demand for compensation no longer exist:

     (a) all Loans which would otherwise be made by such Bank as (or continued as or
converted into) Euro-Dollar Loans or Euro-Canadian Dollar Loans, as applicable, shall
instead be Base Rate Loans or Canadian Base Rate Loans, or applicable (on which interest and
principal shall be payable contemporaneously with the related Euro-Dollar Loans or
Euro-Canadian Dollar Loans, as applicable, of the other Banks); and

     (b) after each of its Euro-Dollar Loans or Euro-Canadian Dollar Loans, as applicable,
has been repaid (or converted to a Base Rate Loan), all payments of principal which would
otherwise be applied to repay such Euro-Dollar Loans or Euro-Canadian Dollar Loans, as
applicable, shall be applied to repay its Base Rate Loans or Canadian Base Rate Loans, as
applicable, instead.

If such Bank notifies the Borrower that the circumstances giving rise to such notice no longer
apply, the principal amount of each such Base Rate Loan or Canadian Base Rate Loans, as applicable,
shall be converted into Euro-Dollar Loans or Euro-Canadian Dollar Loans, as applicable, on the
first day of the next succeeding Interest Period applicable to the related Euro-Dollar Loans or
Euro-Canadian Dollar Loans, as applicable, of the other Banks.

     Section 8.6. Limitations on Reimbursement. (a) The Borrower shall not be required to pay to
any Bank reimbursement with regard to any costs or expenses under Section 2.15, 2A.6 or Article 8
incurred more than 90 days prior to the date of the relevant Bank’s demand therefor.

     (b) None of the Banks shall be permitted to pass through to the Borrower charges and costs
under Section 2.15 or 2A.6 or Article 8 on a discriminatory basis (i.e., which are not also passed
through by such Bank to other customers of such Bank similarly situated where such customer is
subject to documents providing for such pass through).

     (c) If the obligation of any Bank to make a Euro-Dollar Loan or Euro-Canadian Dollar Loan has
been suspended under Section 8.2 or 8.5 for more than three consecutive months, or any Bank has
requested compensation under Section 2.15 or 8.3, then the Borrower, provided no Default exists,
shall have the right, subject to the Administrative Agent’s prior written consent (such consent not
to be unreasonably withheld) and in accordance with Section 10.6(c), to substitute a financial
institution for such Bank. Such substitution shall result in such financial institution acquiring
such Bank’s rights, duties and obligations hereunder and assuming such

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Bank’s Commitment hereunder.
Upon such acquisition and assumption, the obligations of the Bank subject thereto shall be
discharged, such Bank’s Commitment shall be reduced to zero, and such Bank shall cease to be
obligated to make further Loans.

Article 9

Performance and Payment Guaranty

     Section 9.1. Unconditional and Irrevocable Guaranty. (a) The Guarantors hereby jointly and
severally, unconditionally and irrevocably undertake and agree with and for the benefit of the
Administrative Agent and the Banks and each of their respective permitted assignees (collectively,
the “Beneficiaries”) to cause the due payment, performance and observance by the Borrower and its
assigns of all of the Obligations, terms, covenants, conditions, agreements and undertakings on the
part of the Borrower, to be paid, performed or observed under any Credit Document in accordance
with the terms thereof including, without limitation, any agreement of the Borrower to pay any
amounts due with respect to the Loans, under this Agreement or any other amounts due and owing
under any Credit Document together with all costs and expenses (including without limitation
reasonable legal fees and disbursements) incurred by the Administrative Agent or any Bank in
enforcing its or their rights under this Article 9 (all such Obligations, terms, covenants,
conditions, agreements and undertakings on the part of the Borrower to be paid, performed or
observed by the Borrower being collectively called the “Guaranteed Obligations”). In the event
that the Borrower shall fail in any manner whatsoever to pay, perform or observe any of the
Guaranteed Obligations when the same shall be required to be paid, performed or observed under such
Credit Document (after giving effect to any cure period), then each of the Guarantors will itself
jointly and severally duly pay, perform or observe, or cause to be duly paid, performed or
observed, such Guaranteed Obligation, and it shall not be a condition to the accrual of the
obligation of any Guarantor hereunder to pay, perform or observe any Guaranteed Obligation (or to
cause the same to be paid, performed or observed) that the Administrative Agent, the Banks or any
of their permitted assignees shall have first made any request of or demand upon or given any
notice to any Guarantor or to the Borrower or its successors or assigns, or have instituted any
action or proceeding against any Guarantor or the Borrower or its successors or assigns in respect
thereof. Notwithstanding anything to the contrary contained in this Section 9.1 the obligations of
the respective Guarantors hereunder in respect of the Borrower are expressly limited to the
Guaranteed Obligations.

     (b) Irrevocability. The Guarantors each agree that its obligations under this Agreement shall
be joint and several and irrevocable. In the event that under applicable law (notwithstanding the
Guarantors’ agreement regarding the joint and several and irrevocable nature of its obligations
hereunder) any Guarantor shall have the right to revoke its guaranty under this Agreement, this
Agreement shall continue in full force and effect as to such Guarantor until a written revocation
hereof specifically referring hereto, signed by such Guarantor, is actually received by the
Administrative Agent, delivered as provided in Section 10.1 hereof. Any such revocation shall not
affect the right of the Administrative Agent or any other Beneficiary to enforce their respective
rights under this Agreement with respect to (i) any Guaranteed Obligation (including any Guaranteed
Obligation that is contingent or unmatured)

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which arose on or prior to the date the aforementioned
revocation was received by the Administrative Agent or (ii) any other Guarantor. If the
Administrative Agent, or its permitted assignees takes any action in reliance on this Agreement
after any such revocation by a
Guarantor but prior to the receipt by the Administrative Agent of said written notice, the rights
of the Administrative Agent, any other Beneficiary or such permitted assignee with respect thereto
shall be the same as if such revocation had not occurred.

     Section 9.2. Enforcement. The Administrative Agent and its permitted assignees may proceed to
enforce the obligations of the Guarantors under this Agreement without first pursuing or exhausting
any right or remedy which the Administrative Agent or its permitted assignees may have against the
Borrower, any other Person or any collateral under the Credit Documents.

     Section 9.3. Obligations Absolute. To the extent permitted by law, the applicable Guarantor
will perform its obligations under this Agreement regardless of any law now or hereafter in effect
in any jurisdiction affecting any of the terms of this Agreement or any document delivered in
connection with this Agreement or the rights of the Administrative Agent or its permitted assignees
with respect thereto. The obligations of each Guarantor under this Agreement shall be absolute and
unconditional irrespective of:

     (a) any lack of validity or enforceability or the discharge or disaffirmance (by any
Person, including a trustee in bankruptcy) of the Guaranteed Obligations, the Loans, any
Credit Document or any collateral or any document, or any other agreement or instrument
relating thereto;

     (b) any exchange, release, discharge or non-perfection of any collateral or any release
or amendment or waiver of or consent to departure from any other guaranty, for all or any of
the Guaranteed Obligations;

     (c) any failure to obtain any authorization or approval from or other action by, or to
notify or file with, any governmental authority or regulatory body required in connection
with the performance of such obligations by the Borrower or any Guarantor; or

     (d) any impossibility or impracticality of performance, illegality, force majeure, any
act of any government or any other circumstance which might constitute a legal or equitable
defense available to, or a discharge of, the Borrower or any Guarantor, or any other
circumstance, event or happening whatsoever, whether foreseen or unforeseen and whether
similar or dissimilar to anything referred to above in this Section 9.3.

Each Guarantor further agrees that its obligations under this Agreement shall not be limited by any
valuation or estimation made in connection with any proceedings involving the Borrower or any
Guarantor filed under the U.S. Bankruptcy Code of 1978, as amended (the “Bankruptcy Code”), whether
pursuant to Section 502 of the Bankruptcy Code or any other Section thereof. Each Guarantor
further agrees that the Administrative Agent shall be under no obligation to marshall any assets in
favor of or against or in payment of any or all of the Guaranteed

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Obligations. Each Guarantor further agrees that, to the extent that a payment or payments are
made by or on behalf of the Borrower to the Administrative Agent, which payment or payments or any
part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside
and/or required to be repaid to the Borrower, the estate, trustee, receiver or any other party
relating to the Borrower, including, without limitation, any Guarantor, under any bankruptcy law,
state, or federal law, common law or equitable cause then, to the extent of such payment or
repayment, the Guaranteed Obligations or part thereof which had been paid, reduced or satisfied by
such amount shall be reinstated and continued in full force and effect as of the date such initial
payment, reduction or satisfaction occurred. The obligations of any Guarantor under this Agreement
shall not be discharged except by performance as provided herein.

     Section 9.4. Waiver. Each Guarantor hereby waives promptness, diligence, notice of
acceleration, notice of intent to accelerate, notice of acceptance and any other notice with
respect to any of the Guaranteed Obligations and any Credit Document and any requirement that the
Administrative Agent or its permitted assignees exhaust any right or take any action against the
Borrower, any other Person or any collateral under the Credit Documents.

     Section 9.5. Subrogation. No Guarantor will exercise or assert any rights which it may
acquire by way of subrogation under this Agreement unless and until all of the Guaranteed
Obligations shall have been paid and performed in full. If any payment shall be made to any
Guarantor on account of any subrogation rights at any time when all of the Guaranteed Obligations
shall not have been paid and performed in full each and every amount so paid will be held in trust
for the benefit of the Beneficiaries and forthwith be paid to the appropriate Beneficiary in
accordance with this Agreement and the appropriate Credit Document, to be credited and applied to
the Guaranteed Obligations to the extent then unsatisfied, in accordance with the terms of this
Agreement or any document delivered in connection with this Agreement, as the case may be. In the
event (i) the Guarantors shall have satisfied any of the Guaranteed Obligations and (ii) all of the
Guaranteed Obligations shall have been paid and performed in full, the Administrative Agent will,
at the Guarantors’ request and expense, execute and deliver to the Guarantors appropriate
documents, without recourse and without representation or warranty of any kind, necessary to
evidence or confirm the transfer by way of subrogation to the Guarantors of the rights of the
Beneficiaries or any permitted assignee, as the case may be, with respect to the Guaranteed
Obligations to which the Guarantors shall have become entitled by way of subrogation, and
thereafter the Beneficiaries and their respective permitted assignees shall have no responsibility
to the Guarantors or any other person with respect thereof.

     Section 9.6. Survival. All covenants made by the Guarantors herein shall be considered to
have been relied upon by the Administrative Agent and the Banks and shall survive regardless of any
investigation made by the Administrative Agent or any Bank or on the Administrative Agent’s behalf.

     Section 9.7. Guarantors’ Consent to Assigns. Each Bank may assign or participate out all or
any portion of its
Commitment or the Loans in accordance with Section 10.6 of this Agreement, and each Guarantor
agrees to recognize any such Assignee or participant as a successor and assignee of such Bank
hereunder, with all rights of such Bank hereunder.

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     Section 9.8. Continuing Agreement. Article 9 under this Agreement is a continuing agreement
and shall remain in full force and effect until all of the Borrower’s Obligations have been
satisfied in full.

     Section 9.9. Entire Agreement. Each Guarantor acknowledges and agrees that the guarantee
delivered by it hereunder is delivered free of any conditions and no representations have been made
to any Guarantor affecting the liability of such Guarantor under its guarantee hereunder. Each
Guarantor confirms and agrees that the guarantee contained herein is in addition to and not in
substitution for any other guarantee held or which may hereafter be held by the Administrative
Agent or any Bank. The rights, remedies and benefits in this Article 9 are cumulative and not in
substitution for or exclusive of any other rights or remedies or benefits which the Administrative
Agent or the Banks may otherwise have.

     Section 9.10. Application. All monies received by the Administrative Agent or the Banks under
the guarantee contained in this Article 9 may be applied against such part or parts of the
Guaranteed Obligations as the Administrative Agent and the Banks may see fit and they shall at all
times and from time to time have the right to change any appropriation of monies received by it or
them and to reapply the same against any other part or parts of the Guaranteed Obligations as it or
they may see fit, notwithstanding any previous application howsoever made.

Article 10

Miscellaneous

     Section 10.1. Notices. All notices, requests and other communications to any party hereunder
shall be in writing (including bank wire, facsimile transmission or similar writing) and shall be
given to such party: (a) in the case of a Credit Party, at its address or facsimile number set
forth on the signature pages hereof, (b) in the case of any Bank or the Administrative Agent, at
its address or facsimile number set forth on the applicable Administrative Questionnaire or (c) in
the case of any party, such other address or facsimile number as such party may hereafter specify
for the purpose by notice to the Administrative Agent and the Borrower. Each such notice, request
or other communication shall be effective (i) if given by facsimile transmission, when transmitted
to the facsimile number specified in this Section and confirmation of receipt is received, (ii) if
given by mail, 72 hours after such communication is deposited in the mails with first class postage
prepaid, addressed as aforesaid or (iii) if given by any other means, when delivered at the address
specified in this Section; provided that notices to the Administrative Agent under Article 2 or
Article 8 shall not be effective until received.

     Section 10.2. No Waivers. No failure or delay by the Administrative Agent or any Bank in
exercising any right, power or privilege hereunder or under any Note shall operate as a waiver
thereof nor shall any single or partial exercise thereof preclude any other or further exercise
thereof or the exercise of any other right, power or privilege. The rights and remedies herein
provided shall be cumulative and not exclusive of any rights or remedies provided by law.

     Section 10.3. Expenses; Indemnification. (a) The Borrower shall pay (i) all reasonable
out-of-pocket expenses of the Administrative Agent, including fees and disbursements of counsel

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for
the Administrative Agent, in connection with the preparation and administration of this Agreement
and the other Credit Documents, any waiver or consent hereunder or any amendment hereof or any
Default or alleged Default hereunder and (ii) if an Event of Default occurs, all out-of-pocket
expenses incurred by the Administrative Agent and each Bank, including (without duplication) the
fees and disbursements of outside counsel and the allocated cost of inside counsel, in connection
with such Event of Default and collection, bankruptcy, insolvency and other enforcement proceedings
resulting therefrom.

     (b) The Borrower agrees to indemnify the Administrative Agent and each Bank, their respective
affiliates and the respective directors, officers, agents and employees of the foregoing (each an
“Indemnitee”) and hold each Indemnitee harmless from and against any and all liabilities, losses,
damages, costs and expenses of any kind, including, without limitation, the reasonable fees and
disbursements of counsel, which may be incurred by such Indemnitee in connection with any
investigative, administrative or judicial proceeding (whether or not such Indemnitee shall be
designated a party thereto) brought or threatened relating to or arising out of this Agreement or
any actual or proposed use of proceeds of Loans hereunder; provided, that no Indemnitee shall have
the right to be indemnified hereunder for (i) such Indemnitee’s own gross negligence or willful
misconduct as determined by a court of competent jurisdiction or (ii) for any loss asserted by
another Indemnitee.

     Section 10.4. Sharing of Set-Offs. Each Bank agrees that if it shall, by exercising any right
of set-off or counterclaim or otherwise, receive payment of a proportion of the aggregate amount of
principal and interest due with respect to any Note held by it which is greater than the proportion
received by any other Bank in respect of the aggregate amount of principal and interest due with
respect to any Note held by such other Bank, the Bank receiving such proportionately greater
payment shall purchase such participations in the Notes held by the other Banks, and such other
adjustments shall be made, as may be required so that all such payments of principal and interest
with respect to the Notes held by the Banks shall be shared by the Banks in accordance with their
Percentages; provided, that nothing in this Section shall impair the right of any Bank to exercise
any right of set-off or counterclaim it may have and to apply the amount subject to such exercise
to the payment of indebtedness of the Borrower other than its indebtedness hereunder. Each
Borrower agrees, to the fullest extent it may effectively do so under applicable law, that any
holder of a participation in a Note, whether or not acquired pursuant to the foregoing
arrangements, may exercise rights of set-off or counterclaim and other rights with respect to such
participation as fully as if such
holder of a participation were a direct creditor of the Borrower in the amount of such
participation.

     Section 10.5. Amendment or Waiver, etc. Neither this Agreement nor any other Credit Document
nor any terms hereof or thereof may be changed, waived, discharged or terminated unless such
change, waiver, discharge or termination is in writing signed by the respective Credit Parties
party thereto and the Required Banks, provided that no such change, waiver, discharge or
termination shall, without the consent of each Bank, (i) extend the final scheduled maturity of any
Loan or Note, or reduce the rate of interest or fees or extend the time of payment of interest or
fees, or reduce the principal amount thereof (except to the extent repaid in cash) (provided that
any amendment or modification to the financial definitions in this Agreement or to Section 2.14
shall not constitute a reduction in the rate of interest or any fees for purposes of this clause
(i)),

-68-

 

(ii) release a Guarantor from its Guaranty of the Obligations of the Borrower (except in
connection with the sale of a Subsidiary which is a Guarantor in accordance with the terms of this
Agreement or as otherwise provided in Section 5.23), (iii) amend, modify or waive any provision of
this Section 10.5, (iv) reduce the percentage specified in the definition of Required Banks (it
being understood that, with the consent of the Required Banks, additional extensions of credit
pursuant to this Agreement may be included in the determination of the Required Banks on
substantially the same basis as the extensions of Commitments are included on the Effective Date),
(v) amend or modify any provision of Section 10.6 to add any additional consent requirements
necessary to effect any assignment or participation thereunder or (vi) consent to the assignment or
transfer by the Borrower of any of its rights and obligations under this Agreement; provided,
further, that no such change, waiver, discharge or termination shall (v) without the consent of
each Letter of Credit Issuer amend, modify or waive any provision of Article 2A or alter its rights
or obligations with respect to Letters of Credit, (w) without the consent of the Swing Lender
amend, modify or waive any provision of Section 2.1(b) through (f) or alter its rights or
obligations with respect to Swing Loans, (y) increase the Commitments of any Bank over the amount
thereof then in effect without the consent of such Bank (it being understood that waivers or
modifications of conditions precedent, covenants, Defaults or of a mandatory reduction in the Total
Commitments shall not constitute an increase of the Commitment of any Bank, and that an increase in
the available portion of any Commitment of any Bank shall not constitute an increase of the
Commitment of such Bank), or (z) without the consent of the Administrative Agent, amend, modify or
waive any provision of Article 7 or any other provision as the same relates to the rights or
obligations of the Administrative Agent.

     Section 10.6. Successors and Assigns. (a) The provisions of this Agreement shall be binding
upon and inure to the benefit of the parties hereto and their respective successors and assigns,
except that neither the Borrower nor any Guarantor may assign or otherwise transfer any of their
respective rights under this Agreement without the prior written consent of all Banks.

     (b) Any Bank may at any time grant to one or more banks or other institutions (each a
“Participant”) participating interests in its Commitment or any or all of its Loans. In the event
of any such grant by a Bank of a participating interest to a Participant, whether or not upon
notice to the Borrower and the Administrative Agent, such Bank shall remain responsible for the
performance of its obligations hereunder, and the Borrower and the Administrative Agent shall
continue to deal solely and directly with such Bank in connection with such Bank’s rights and
obligations under this Agreement. Any agreement pursuant to which any Bank may grant such a
participating interest shall provide that such Bank shall retain the sole right and responsibility
to enforce the obligations of the Borrower hereunder, including, without limitation, the right to
approve any amendment, modification or waiver of any provision of this Agreement except to the
extent such amendment or waiver would (i) extend the final scheduled maturity of any Loan or Note
in which such participant is participating, or reduce the rate or extend the time of payment of
interest or fees thereon (except in connection with a waiver of applicability of any post-default
increase in interest rates) or reduce the principal amount thereof, or increase the amount of the
participant’s participation over the amount thereof then in effect (it being understood that a
waiver of any Default or of a mandatory reduction in the Total Commitment shall not constitute a
change in the terms of such participation, and that an increase in any Commitment or Loan shall be
permitted without the consent of any participant if the

-69-

 

participant’s participation is not
increased as a result thereof) or (ii) consent to the assignment or transfer by the Borrower of any
of its rights and obligations under this Agreement. In the case of any such participation, the
participant shall not have any rights under this Agreement or any of the other Credit Documents
(the participant’s rights against such Bank in respect of such participation to be those set forth
in the agreement executed by such Bank in favor of the participant relating thereto) and all
amounts payable by the Borrower hereunder shall be determined as if such Bank had not sold such
participation. The Borrower agrees that each Participant shall, to the extent provided in its
participation agreement, be entitled to the benefits of Article 8 with respect to its participating
interest. An assignment or other transfer which is not permitted by subsection (c) or (d) below
shall be given effect for purposes of this Agreement only to the extent of a participating interest
granted in accordance with this subsection (b).

     (c) Any Bank (or any Bank together with one or more other Banks) may (A) assign all or a
portion of its Commitments and related outstanding Obligations hereunder to (i) its parent company
and/or any affiliate of such Bank which is at least 50% owned by such Bank or its parent company,
(ii) to one or more Banks or (iii) in the case of a Bank that is a fund that invests in bank loans,
any other fund that invests in bank loans and is managed or advised by the same investment advisor
of such Bank or by an Affiliate of such investment advisor or (B) assign all, or, if less than all,
a portion equal to at least U.S. $5,000,000 in the aggregate for the assigning Bank or assigning
Banks, of such Commitments and related outstanding Obligations hereunder to one or more Eligible
Transferees, each of which assignees shall become a party to this Agreement as a Bank by execution
of an Assignment and Assumption Agreement, provided that, (i) at such time Schedule I shall be
deemed modified to reflect the Commitments of such new Bank and of the existing Banks, (ii) upon
the surrender of the relevant Notes by the assigning Bank (or, upon such assigning Bank’s
indemnifying the Borrower for any lost Note pursuant to a customary indemnification agreement) new
Notes will be issued, at the Borrower’s expense, to such new Bank and to the assigning Bank upon
the request of such new Bank or assigning Bank, such new Notes to be in conformity with the
requirements of Section 2.4 (with appropriate modifications) to the extent needed to reflect the
revised Commitments, (iii) the consent of the Administrative Agent, each Letter of Credit Issuer
and the Swing Lender shall be required in connection with any assignment to an Eligible Transferee
pursuant to clause (B) above (which consent shall not be unreasonably withheld or delayed), (iv) so
long as no Default or Event of
Default exists, the consent of the Borrower shall be required in connection with any assignment to
an Eligible Transferee pursuant to clause (B) above (which consent shall not be unreasonably
withheld or delayed), (v) the Administrative Agent shall receive at the time of each such
assignment, from the assigning or assignee Bank, the payment of a non-refundable assignment fee of
U.S. $3,500, which fee shall not be subject to reimbursement from the Borrower, and (vi) no such
transfer or assignment will be effective until recorded by the Administrative Agent. To the extent
of any assignment pursuant to this Section 10.6(c), the assigning Bank shall be relieved of its
obligations hereunder with respect to its assigned Commitments. At the time of each assignment
pursuant to this Section 10.6(c) to a Person which is not already a Bank hereunder and which is not
a United States person (as such term is defined in Section 7701(a)(30) of the Code) for Federal
income tax purposes, the respective assignee Bank shall, to the extent legally entitled to do so,
provide to the Borrower the appropriate Internal Revenue Service forms described in Section 8.4(d).

-70-

 

     (d) Any Bank may at any time assign all or any portion of its rights under this Agreement and
its Note to a Federal Reserve Bank. No such assignment shall release the transferor Bank from its
obligations hereunder.

     (e) Notwithstanding anything to the contrary contained herein, any Bank (a “Granting Bank”)
may grant to a special purpose funding vehicle (a “SPC”), identified as such in writing from time
to time by the Granting Bank to the Administrative Agent and the Borrower, the option to provide to
the Borrower all or any part of any Loan that such Granting Bank would otherwise be obligated to
make to the Borrower pursuant to this Agreement; provided that (i) nothing herein shall constitute
a commitment by any SPC to make any Loan and (ii) if an SPC elects not to exercise such option or
otherwise fails to provide all or any part of such Loan, the Granting Bank shall be obligated to
make such Loan pursuant to the terms hereof. The making of a Loan by an SPC hereunder shall
utilize the Commitment of the Granting Bank to the same extent, and as if, such Loan were made by
such Granting Bank. Each party hereto hereby agrees that no SPC shall be liable for any indemnity
or similar payment obligation under this Agreement (all liability for which shall remain with the
Granting Bank). In furtherance of the foregoing, each party hereto hereby agrees (which agreement
shall survive the termination of this Agreement) that, prior to the date that is one year and one
day after the payment in full of all outstanding commercial paper or other senior indebtedness of
any SPC, it will not institute against, or join any other Person in instituting against, such SPC
any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the laws
of the United States or any State thereof relating to claims, if any, under this Agreement. In
addition, notwithstanding anything to the contrary contained in this subsection (e), any SPC may
(i) with notice to, but without the prior written consent of, the Borrower and the Administrative
Agent and without paying any processing fee therefor, assign all or a portion of its interests in
any Loans to the Granting Bank or to any financial institutions (consented to by the Borrower and
Administrative Agent) providing liquidity and/or credit support to or for the account of such SPC
to support the funding or maintenance of Loans and (ii) disclose on a confidential basis any
non-public information relating to its Loans to any rating agency, commercial paper dealer or
provider of any surety, guarantee or credit or liquidity enhancement to such SPC. This section may
not be amended without the written consent of the SPC.

     (f) No assignee, Participant or other transferee of any Bank’s rights shall be entitled to
receive any greater payment under Section 8.3 or 8.4 than such Bank would have been entitled to
receive with respect to the rights transferred, unless such transfer is made (i) with the
Borrower’s prior written consent or (ii) by reason of the provisions of Section 8.2, 8.3 or 8.4
requiring such Bank to designate a different Applicable Lending Office under certain circumstances
or (iii) at a time when the circumstances giving rise to such greater payment did not exist.

     Section 10.7. Collateral. Each of the Banks represents to the Administrative Agent and each
of the other Banks that it in good faith is not relying upon any “margin stock” (as defined in
Regulation U) as collateral in the extension or maintenance of the credit provided for in this
Agreement.

     Section 10.8. Governing Law; Submission to Jurisdiction. (a) This Agreement and each Note
shall be governed by and construed in accordance with the laws of the

-71-

 

State of New York. The
Borrower and Guarantors hereby submit to the nonexclusive jurisdiction of the United States
District Court for the Northern District of Illinois and of any Illinois State court sitting in the
City of Chicago for purposes of all legal proceedings arising out of or relating to this Agreement
or the transactions contemplated hereby. The Borrower and Guarantors irrevocably waive, to the
fullest extent permitted by law, any objection which it may now or hereafter have to the laying of
the venue of any such proceeding brought in such a court and any claim that any such proceeding
brought in such a court has been brought in an inconvenient forum.

     (b) (i) If, for the purposes of obtaining judgment in any court, it is necessary to convert a
sum due to a Bank in any currency (the “Original Currency”) into another currency (the “Other
Currency”), the parties agree, to the fullest extent that they may effectively do so, that the rate
of exchange used shall be that at which, in accordance with normal banking procedures, such Bank
could purchase the Original Currency with the Other Currency on the Business Day preceding the day
on which final judgment is given or, if permitted by applicable law, on the day on which the
judgment is paid or satisfied.

     (ii) The obligations of the Borrower in respect of any sum due in the Original Currency from
it to the Banks under any of the Credit Documents shall, notwithstanding any judgment in any Other
Currency, be discharged only to the extent that on the Business Day following receipt by the Banks
of any sum adjudged to be so due in the Other Currency, the Banks may, in accordance with normal
banking procedures, purchase the Original Currency with such Other Currency. If the amount of the
Original Currency so purchased is less than the sum originally due to the Banks in the Original
Currency, the Borrower agrees, as a separate obligation and notwithstanding the judgment, to
indemnify the Banks against any loss, and, if the amount of the Original Currency so purchased
exceeds the sum originally due to the Banks in the Original Currency, the Banks shall remit such
excess to the Borrower.

     Section 10.9. Counterparts; Integration; Effectiveness. This Agreement may be signed in any
number of counterparts, each of which shall be an original, with the same effect as if the
signatures thereto and hereto were upon the same instrument. This Agreement constitutes the entire
agreement and
understanding among the parties hereto and supersedes any and all prior agreements and
understandings, oral or written, relating to the subject matter hereof. This Agreement shall
become effective upon receipt by the Administrative Agent of counterparts hereof signed by each of
the parties hereto (or, in the case of any party as to which an executed counterpart shall not have
been received, receipt by the Administrative Agent in form satisfactory to it of telegraphic,
facsimile or other written confirmation from such party of execution of a counterpart hereof by
such party) and each of the other conditions specified in Section 3.1 have been satisfied.

     Section 10.10. Waiver of Jury Trial. Each of the Borrower, the Agent and the Banks hereby
irrevocably waives any and all right to trial by jury in any legal proceeding arising out of or
relating to this Agreement or the transactions contemplated hereby.

-72-

 

     Section 10.11. Limitation on Interest. It is the intention of the parties hereto to comply
with all applicable usury laws, whether now existing or hereafter enacted. Accordingly,
notwithstanding any provision to the contrary in this Agreement, the other Credit Documents or any
other document evidencing, securing, guaranteeing or otherwise pertaining to indebtedness of the
Borrower to the Banks, in no contingency or event whatsoever, whether by acceleration of the
maturity of indebtedness of the Borrower to the Banks or otherwise, shall the interest contracted
for, charged or received by any Bank exceed the maximum amount permissible under applicable law.
If from any circumstances whatsoever fulfillment of any provisions of this Agreement, the other
Credit Documents or any other document evidencing, securing, guaranteeing or otherwise pertaining
to indebtedness of the Borrower to the Banks, at the time performance of such provision shall be
due, shall involve transcending the limit of validity prescribed by law, then, ipso facto, the
obligation to be fulfilled shall be reduced to the limit of such validity, and if from any such
circumstances any Bank shall ever receive anything of value as interest or deemed interest by
applicable law under this Agreement, the other Credit Documents or any other document evidencing,
securing, guaranteeing or otherwise pertaining to indebtedness of the Borrower to the Banks or
otherwise an amount that would exceed the highest lawful amount, such amount that would be
excessive interest shall be applied to the reduction of the principal amount owing in connection
with this Agreement or on account of any other indebtedness of the Borrower to the Banks, and not
to the payment of interest, or if such excessive interest exceeds the unpaid balance of principal
owing in connection with this Agreement and such other indebtedness, such excess shall be refunded
to the Borrower. In determining whether or not the interest paid or payable with respect to
indebtedness of the Borrower to the Banks, under any specific contingency, exceeds the maximum
nonusurious rate permitted under applicable law, the Borrower and the Banks shall, to the maximum
extent permitted by applicable law, (a) characterize any non-principal payment as an expense, fee
or premium rather than as interest, (b) exclude voluntary prepayments and the effects thereof, (c)
amortize, prorate, allocate and spread the total amount of interest throughout the full term of
such indebtedness so that the actual rate of interest on account of such indebtedness does not
exceed the maximum amount permitted by applicable law, and/or (d) allocate interest between
portions of such indebtedness, to the end that no such portion shall bear interest at a rate
greater than that permitted by law. Notwithstanding the foregoing, if for any period of time
interest on any of the Borrower’s Obligations is calculated at the maximum
rate permissible under applicable law rather than the applicable rate under this Agreement, and
thereafter such applicable rate becomes less than the maximum rate permissible under applicable
law, the rate of interest payable on the Borrower’s Obligations shall remain at the maximum rate
permissible under applicable law until the Banks have received the amount of interest which such
Banks would have received during such period on the Borrower’s Obligations had the rate of interest
not been limited to the maximum rate permissible under applicable law during such period. The
terms and provisions of this paragraph shall control and supersede every other conflicting
provision of this Agreement and the other Credit Documents.

     Section 10.12. Currency Equivalent Generally. For the purposes of making valuations or
computations under this Agreement (but not for the purposes of the preparation of any financial
statements delivered pursuant hereto), and in particular, without limitation, for purposes of
valuations or computations under Sections 2.15, 5.9(g), 5.15, 5.17 and 6.1(j), unless expressly
provided otherwise, where a reference is made to a U.S. Dollar amount, in order to determine the

-73-

 

amount of Canadian Dollars to be considered as the amount in U.S. Dollars, such amount of Canadian
Dollars shall be the U.S. Dollar Equivalent of such amount.

     Section 10.13. USA Patriot Act. Each Bank that is subject to the requirements of the USA
Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”) hereby
notifies the Borrower that pursuant to the requirements of the Act, it is required to obtain,
verify, and record information that identifies the Borrower, which information includes the name
and address of the Borrower and other information that will allow such Bank to identify the
Borrower in accordance with the Act.

     Section 10.14. Confidentiality. Each of the Administrative Agent, the Banks and the Letter of
Credit Issuer agrees to maintain the confidentiality of the Information (as defined below), except
that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and
agents, including accountants, legal counsel and other advisors to the extent any such Person has a
need to know such Information (it being understood that the Persons to whom such disclosure is made
will first be informed of the confidential nature of such Information and instructed to keep such
Information confidential), (b) to the extent requested by any regulatory authority (including any
self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the
extent required by applicable laws or regulations or by any subpoena or similar legal process, (d)
to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under
any other Credit Document or any suit, action or proceeding relating to this Agreement or any other
Credit Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement
containing provisions substantially the same as those of this Section 10.14, to (A) any assignee of
or participant in, or any prospective assignee of or participant in, any of its rights or
obligations under this Agreement or (B) any actual or prospective counterparty (or its advisors) to
any swap or derivative transaction relating to the Borrower or any Subsidiary and its obligations,
(g) with the prior written consent of the Borrower, (h) to the extent such Information (A) becomes
publicly available other than as a result of a breach of this Section 10.14 or (B) becomes
available to the Administrative Agent, any Bank or the Letter of Credit Issuer on a
non-confidential basis from a source other than the Borrower or any Subsidiary or any of their
directors, officers, employees or agents, including accountants, legal counsel and other advisors,
(i) to rating agencies if requested or required by such agencies in connection with a rating
relating to the Loans or Commitments hereunder, or (j) to entities which compile and publish
information about the syndicated loan market, provided that only basic information about the
pricing and structure of the transaction evidenced hereby may be disclosed pursuant to this
subsection (j). For purposes of this Section, “Information” means all information
received from the Borrower or any of the Subsidiaries or from any other Person on behalf of the
Borrower or any Subsidiary relating to the Borrower or any Subsidiary or any of their respective
businesses including any information obtained pursuant to the inspection rights contained in
Section 5.6, other than any such information that is available to the Administrative Agent, any
Bank or the Letter of Credit Issuer on a non-confidential basis prior to disclosure by the Borrower
or any of its Subsidiaries or from any other Person on behalf of the Borrower or any of the
Subsidiaries.

[Signature Pages to Follow]

-74-

 

     In Witness Whereof, the parties hereto have caused this Agreement to be duly executed
by their respective authorized officers as of the day and year first above written.

	 	 	 	 	 	 	 
	 	 	Alliance Data Systems Corporation, as

  Borrower
	 
	 	 	 	 	 	 
	 

	 	By	 	/s/ Robert P. Armiak	 	 
	 	 	 	 	 
	 

	 	 	 	Name	 	Robert P. Armiak
	 

	 	 	 	 	 	 
	 

	 	 	 	Title	 	SVP & Treasurer
	 

	 	 	 	 	 	 
	 

	 	 	 	Address:
	 	800 Tech Center Drive
	 

	 	 	 	 	 	Gahanna, OH 43230
	 

	 	 	 	Attention:
	 	Treasurer
	 

	 	 	 	Telephone:
	 	(614) 729-4701
	 

	 	 	 	Facsimile:
	 	(614) 729-4899
	 
	 	 	 	 	 	 
	 	 	With a copy to:	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Address:
	 	17655 Waterview Parkway
	 

	 	 	 	 	 	Dallas, TX 75252
	 

	 	 	 	Attention:
	 	General Counsel
	 

	 	 	 	Telephone:
	 	(972) 348-5677
	 

	 	 	 	Facsimile:
	 	(972) 348-5150
	 
	 	 	 	 	 	 
	 	 	ADS Alliance Data Systems, Inc., as a 

   Guarantor
	 
	 	 	 	 	 	 
	 

	 	By	 	/s/ Robert P. Armiak	 	 
	 	 	 	 	 
	 

	 	 	 	Name	 	Robert P. Armiak 
	 

	 	 	 	 	 	 
	 

	 	 	 	Title	 	SVP & Treasurer
	 

	 	 	 	 	 	 
	 

	 	 	 	Address:
	 	800 Tech Center Drive
	 

	 	 	 	 	 	Gahanna, OH 43230
	 

	 	 	 	Attention:
	 	Treasurer
	 

	 	 	 	Telephone:
	 	(614) 729-4701
	 

	 	 	 	Facsimile:
	 	(614) 729-4899
	 
	 	 	 	 	 	 
	 	 	With a copy to:	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Address:
	 	17655 Waterview Parkway
	 

	 	 	 	 	 	Dallas, TX 75252
	 

	 	 	 	Attention:
	 	General Counsel
	 

	 	 	 	Telephone:
	 	(972) 348-5677
	 

	 	 	 	Facsimile:
	 	(972) 348-5150

[Credit Agreement]

 S- 1

 

 

	 	 	 	 	 	 	 
	 	 	Epsilon Marketing Services, LLC, as a

  Guarantor
	 
	 	 	 	 	 	 
	 

	 	By	 	/s/ John W. Scullion 	 	 
	 	 	 	 	 
	 

	 	 	 	Name	 	John W. Scullion 
	 

	 	 	 	 	 	 
	 

	 	 	 	Title	 	President 
	 

	 	 	 	 	 	 
	 

	 	 	 	Address:
	 	800 Tech Center Drive
	 

	 	 	 	 	 	Gahanna, OH 43230
	 

	 	 	 	Attention:
	 	Treasurer
	 

	 	 	 	Telephone:
	 	(614) 729-4701
	 

	 	 	 	Facsimile:
	 	(614) 729-4899
	 
	 	 	 	 	 	 
	 	 	With a copy to:
	 
	 	 	 	 	 	 
	 

	 	 	 	Address:
	 	17655 Waterview Parkway
	 

	 	 	 	 	 	Dallas, TX 75252
	 

	 	 	 	Attention:
	 	General Counsel
	 

	 	 	 	Telephone:
	 	(972) 348-5677
	 

	 	 	 	Facsimile:
	 	(972) 348-5150
	 
	 	 	 	 	 	 
	 	 	Epsilon Data Management, LLC, as a

  Guarantor
	 
	 	 	 	 	 	 
	 

	 	By	 	/s/ Alan M. Utay 	 	 
	 	 	 	 	 
	 

	 	 	 	Name	 	Alan M. Utay 
	 

	 	 	 	 	 	 
	 

	 	 	 	Title	 	Vice President 
	 

	 	 	 	 	 	 
	 

	 	 	 	Address:
	 	800 Tech Center Drive
	 

	 	 	 	 	 	Gahanna, OH 43230
	 

	 	 	 	Attention:
	 	Treasurer
	 

	 	 	 	Telephone:
	 	(614) 729-4701
	 

	 	 	 	Facsimile:
	 	(614) 729-4899
	 
	 	 	 	 	 	 
	 	 	With a copy to:
	 
	 	 	 	 	 	 
	 

	 	 	 	Address:
	 	17655 Waterview Parkway
	 

	 	 	 	 	 	Dallas, TX 75252
	 

	 	 	 	Attention:
	 	General Counsel
	 

	 	 	 	Telephone:
	 	(972) 348-5677
	 

	 	 	 	Facsimile:
	 	(972) 348-5150

[Credit Agreement]

 S- 2

 

 

	 	 	 	 	 	 	 
	 	 	Alliance Data Foreign Holdings, Inc., as
a 
   Guarantor
	 
	 	 	 	 	 	 
	 

	 	By	 	/s/ John W. Scullion
	 	 	 	 	 
	 

	 	 	 	Name	 	John W. Scullion
	 

	 	 	 	 

	 

	 	 	 	Title	 	President
	 

	 	 	 	 

	 

	 	 	 	Address:
	 	800 Tech Center Drive
	 

	 	 	 	 	 	Gahanna, OH 43230
	 

	 	 	 	Attention:
	 	Treasurer
	 

	 	 	 	Telephone:
	 	(614) 729-4701
	 

	 	 	 	Facsimile:
	 	(614) 729-4899
	 
	 	 	 	 	 	 
	 	 	With a copy to:
	 
	 	 	 	 	 	 
	 

	 	 	 	Address:
	 	17655 Waterview Parkway
	 

	 	 	 	 	 	Dallas, TX 75252
	 

	 	 	 	Attention:
	 	General Counsel
	 

	 	 	 	Telephone:
	 	(972) 348-5677
	 

	 	 	 	Facsimile:
	 	(972) 348-5150

[Credit Agreement]

 S- 3

 

 

	 	 	 	 	 	 	 
	 	 	Bank of Montreal, as Administrative
Agent, 

     Letter of Credit Issuer and Swing
Lender
	 
	 	 	 	 	 	 
	 

	 	By	 	/s/ Mark W. Piekos
	 	 	 	 	 
	 

	 	 	 	Name	 	Mark W. Piekos
	 

	 	 	 	 	 	 
	 

	 	 	 	Title	 	Managing Director
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	BMO Capital Markets Financing, Inc.
	 
	 	 	 	 	 	 
	 

	 	By	 	/s/ Mark W. Piekos
	 	 	 	 	 
	 

	 	 	 	Name	 	Mark W. Piekos
	 

	 	 	 	 	 	 
	 

	 	 	 	Title	 	Managing Director
	 

	 	 	 	 	 	 

[Credit Agreement]

 S- 4

 

 

	 	 	 	 	 	 	 
	 	 	SunTrust Bank
	 
	 	 	 	 	 	 
	 

	 	By	 	/s/ Timothy M. O’Leary
	 	 	 	 	 
	 

	 	 	 	Name	 	Timothy M. O’Leary
	 

	 	 	 	 	 	 
	 

	 	 	 	Title	 	Director
	 

	 	 	 	 	 	 

[Credit Agreement]

 S- 5

 

 

	 	 	 	 	 	 	 
	 	 	Bank of America, N.A.
	 
	 	 	 	 	 	 
	 

	 	By	 	/s/ Allison W. Connally
	 	 	 	 	 
	 

	 	 	 	Name	 	Allison W. Connally
	 

	 	 	 	 	 	 
	 

	 	 	 	Title	 	Vice President
	 

	 	 	 	 	 	 

[Credit Agreement]

 S- 6

 

 

	 	 	 	 	 	 	 	 	 
	 	 	Barclays Bank PLC  	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By	 	/s/ Alison McGuigan	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name	 	Alison McGuigan	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Title	 	Associate Director	 	 
	 	 	 	 	 	 	 	 	 

[Credit Agreement]

S- 7 

 

	 	 	 	 	 	 	 	 	 
	 	 	JPMorgan Chase Bank, N.A.  	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By	 	/s/ Mike Lister	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name	 	Mike Lister	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Title	 	Managing Director	 	 
	 	 	 	 	 	 	 	 	 

[Credit Agreement]

S- 8 

 

	 	 	 	 	 	 	 	 	 
	 	 	Union Bank of California, N.A.  	 	  
	 
	 	 	 	 	 	 	 	 
	 

	 	By	 	/s/	 	Clifford F. Cho	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name	 	Clifford F. Cho	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Title	 	Vice President	 	 
	 	 	 	 	 	 	 	 	 

[Credit Agreement]

S- 9 

 

	 	 	 	 	 	 	 	 	 
	 	 	The Bank of New York  	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By	 	/s/	 	Burke Kennedy	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name	 	Burke Kennedy	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Title	 	Vice President	 	 
	 	 	 	 	 	 	 	 	 

[Credit Agreement]

S- 10 

 

	 	 	 	 	 	 	 	 	 
	 	 	Credit Suisse, Cayman Islands Branch	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By	 	/s/	 	Alain Daoust	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name	 	Alain Daoust	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Title	 	Director	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By	 	/s/	 	Denise L. Alvarez	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name	 	Denise L. Alvarez	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Title	 	Associate	 	 
	 	 	 	 	 	 	 	 	 

[Credit Agreement]

S- 11 

 

	 	 	 	 	 	 	 	 	 
	 	 	Fifth Third Bank (Central Ohio)	 	   
	 
	 	 	 	 	 	 	 	 
	 

	 	By	 	/s/	 	Brent M. Jackson	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name	 	Brent M. Jackson	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Title	 	Vice President	 	 
	 	 	 	 	 	 	 	 	 

[Credit Agreement]

S- 12 

 

	 	 	 	 	 	 	 	 	 
	 	 	Huntington National Bank  	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By	 	/s/	 	Frederick G. Hadley	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name	 	Frederick G. Hadley	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Title	 	Senior Vice President	 	 
	 	 	 	 	 	 	 	 	 

[Credit Agreement]

S- 13 

 

	 	 	 	 	 	 	 	 	 
	 	 	Greenwich Capital Markets, Inc., as  
agent

     for the Royal Bank of Scotland PLC	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By	 	/s/ Diane Ferguson
	 	 	 	 	 	 	 
	 

	 	 	 	Name	 	Diane Ferguson
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Title	 	Managing Director
	 	 	 	 	 	 	 	 	 

[Credit Agreement]

S- 14 

 

	 	 	 	 	 	 	 	 	 
	 	 	US Bank National Association  	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By	 	/s/ Kevin S. McFadden
	 	 	 	 	 	 	 
	 

	 	 	 	Name	 	Kevin S. McFadden
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Title	 	Vice President
	 	 	 	 	 	 	 	 	 

[Credit Agreement]

S- 15 

 

	 	 	 	 	 	 	 	 	 
	 	 	Wachovia Bank, National Association  	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By	 	/s/ Karin E. Samuel
	 	 	 	 	 	 	 
	 

	 	 	 	Name	 	Karin E. Samuel	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Title	 	Vice President
	 	 	 	 	 	 	 	 	 

[Credit Agreement]

S- 16 

 

	 	 	 	 	 	 	 	 	 
	 	 	Bank Hapoalim B.M.  	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By	 	/s/ James P. Surless
	 	 	 	 	 	 	 
	 

	 	 	 	Name	 	James P. Surless
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Title	 	Vice President	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By	 	/s/ Charles McLaughlin
	 	 	 	 	 	 	 
	 

	 	 	 	Name	 	Charles McLaughlin	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Title	 	Senior Vice President	 	 
	 	 	 	 	 	 	 	 	 

[Credit Agreement]

S- 17 

 

	 	 	 	 	 	 	 	 	 
	 	 	Bear Stearns Corporate Lending, Inc.  	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By	 	/s/ Victor Bulzacchelli
	 	 	 	 	 	 	 
	 

	 	 	 	Name	 	Victor Bulzacchelli
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Title	 	Vice President
	 	 	 	 	 	 	 	 	 

[Credit Agreement]

S- 18 

 

Pricing Schedule

     “Euro-Canadian Dollar Margin” means, (i) for any day during the period from the Effective Date
through but excluding the first Start Date (as defined below) to occur on or about September 30,
2006, 0.50% per annum and (ii) from and after the first day of any fiscal quarter of the Borrower
beginning on or about September 30, 2006 (the “Start Date”) to and including the last day of such
fiscal quarter, the applicable percentage per annum set forth below in the appropriate row under
the column corresponding to the Borrower’s Senior Leverage Ratio as calculated for the last day of
the fiscal quarter of the Borrower ended immediately prior to such Start Date; provided that at all
times during which financial statements have not been delivered when required pursuant to Section
5.1(a) or (b), as the case may be, the Euro-Canadian Dollar Margin shall be as set forth below
under the column heading “Level III.”

     “Euro-Dollar Margin” means, (i) for any day during the period from the Effective Date through
but excluding the first Start Date (as defined below) to occur on or about September 30, 2006,
0.50% per annum and (ii) from and after the first day of any fiscal quarter of the Borrower
beginning on or about September 30, 2006 (the “Start Date”) to and including the last day of such
fiscal quarter, the applicable percentage per annum set forth below in the appropriate row under
the column corresponding to the Borrower’s Senior Leverage Ratio as calculated for the last day of
the fiscal quarter of the Borrower ended immediately prior to such Start Date; provided that at all
times during which financial statements have not been delivered when required pursuant to Section
5.1(a) or (b), as the case may be, the Euro-Dollar Margin shall be as set forth below under the
column heading “Level III.”

     “Base Rate Margin” means 0%.

     “Canadian Base Rate Margin” means 0%.

     “Swing Margin” means 0%.

     “Applicable Facility Fee Percentage” means, (i) for any day during the period from the
Effective Date through but excluding the first Start Date (as defined below) to occur on or about
September 30, 2006, 0.10% per annum and (ii) from and after the first day of any fiscal quarter of
the Borrower beginning on or about September 30, 2006 (the “Start Date”) to and including the last
day of such fiscal quarter, the applicable percentage per annum set forth below in the appropriate
row under the column corresponding to the Borrower’s Senior Leverage Ratio as calculated for the
last day of the fiscal quarter of the Borrower ended immediately prior to such Start Date; provided
that at all times during which financial statements have not been delivered when required pursuant
to Section 5.1(a) or (b), as the case may be, the Applicable Commitment Fee Percentage shall be as
set forth below under the column heading “Level III.”

Appendix i

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Status 	 	Level I	 	Level II	 	Level III
	Senior Leverage Ratio
	 	 	<1.50	 	 	 	31.50<2.00	 	 	 	32.00	 
	Euro-Dollar Margin and
Euro-Canadian Dollar Margin
	 	 	0.50	%	 	 	0.75	%	 	 	1.00	%
	Applicable Facility Fee
Percentage
	 	 	0.10	%	 	 	0.l5	%	 	 	0.20	%

2exv10w2

 

EXHIBIT 10.2

JOINDER TO SUBSIDIARY GUARANTY

     Each of
the undersigned (each, a “Guarantor”) joins in the Subsidiary Guaranty dated as of May 1, 2006
from the Guarantors named therein in favor of the Holders, as defined therein, and (i) jointly and
severally with the other Guarantors under the Subsidiary Guaranty, guarantees to the Holders from
time to time of the Notes the prompt payment in full when due (whether at stated maturity, by
acceleration or otherwise) and the full and prompt performance and observance of all Obligations
(as defined in Section 2 of the Subsidiary Guaranty), (ii) accepts and agrees to perform and observe
all of the covenants set forth therein, (iii) waives the rights set forth in Section 5 of the
Subsidiary Guaranty, (iv) waives the rights, submits to jurisdiction, and waives service of process as
described in Section 11 of the Subsidiary Guaranty and (v) agrees to be bound by all of the terms
thereof and each represents and warrants to the Holders that:

     (a) such Guarantor is validly existing and in good standing or equivalent status under
the laws of its jurisdiction of organization and has the requisite power and authority to
own and operate its property, to lease the property it operates as lessee and to conduct the
business in which it is currently engaged;

     (b) such Guarantor has the requisite power and authority and the legal right to execute
and deliver this Joinder to Subsidiary Guaranty (“Joinder”) and to perform its obligations
hereunder and under the Subsidiary Guaranty and has taken all necessary action to authorize
its execution and delivery of this Joinder and its performance of the Subsidiary Guaranty;

     (c) the Subsidiary Guaranty constitutes a legal, valid and binding obligation of such
Guarantor enforceable in accordance with its terms, except as enforceability may be limited
by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the
enforcement of creditors’ rights generally and by general equitable principles (regardless
of whether such enforceability is considered in a proceeding in equity or at law);

     (d) the execution, delivery and performance of this Joinder will not violate any
provision of any requirement of law or material contractual obligation of such Guarantor
and, except as provided in the Note Purchase Agreement, will not result in or require the
creation or imposition of any Lien on any of the properties, revenues or assets of such
Guarantor pursuant to the provisions of any material contractual obligation of such
Guarantor or any requirement of law;

     (e) except as provided in the Note Purchase Agreement, no consent or authorization of,
filing with, or other act by or in respect of, any arbitrator or Governmental Authority is
required in connection with the execution, delivery, performance, validity or enforceability
of this Joinder;

 

 

     (f) no litigation, investigation or proceeding of or before any arbitrator or
governmental authority is pending or, to the knowledge of such Guarantor, threatened by or
against such Guarantor or any of its properties or revenues with respect to this Joinder,
the Subsidiary Guaranty or any of the transactions contemplated hereby or thereby;

     (g) the execution, delivery and performance of this Joinder will not violate any
provision of any order, judgment, writ, award or decree of any court, arbitrator or
Governmental Authority, domestic or foreign, or of the charter or bylaws of such Guarantor
or of any securities issued by such Guarantor; and

     (h) after giving effect to the transactions contemplated herein, (i) the present fair
salable value of the assets of such Guarantor is in excess of the amount that will be
required to pay its probable liability on its existing debts as said debts become absolute
and matured, (ii) such Guarantor has received reasonably equivalent value for executing and
delivering this Joinder, (iii) the property remaining in the hands of such Guarantor is not
an unreasonably small capital, and (iv) such Guarantor is able to pay its debts as they
mature.

     Capitalized Terms used but not defined herein have the meanings ascribed in the
Subsidiary Guaranty. This Joinder shall in all respects be governed by, and construed in
accordance with, the laws of the State of New York, including all matters of construction,
validity and performance.

2

 

     IN WITNESS WHEREOF, the undersigned have caused this Joinder to Subsidiary Guaranty to be duly
executed as of September 29, 2006.

	 	 	 	 	 	 	 
	 	 	EPSILON DATA MANAGEMENT, LLC,
	 	 	a Delaware limited liability company
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Alan M. Utay	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Alan M. Utay	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:
	 	Vice President	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	EPSILON MARKETING SERVICES, LLC,
	 	 	a Delaware limited liability company
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ John W. Scullion	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	John W. Scullion	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:
	 	President	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	ALLIANCE DATA FOREIGN HOLDINGS, INC.,
	 	 	a Delaware corporation
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ John W. Scullion	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	John W. Scullion	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:
	 	President

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