Document:

exv10w1

Exhibit 10.1

RETIREMENT AND CONSULTING AGREEMENT AND GENERAL RELEASE

     This RETIREMENT AND CONSULTING AGREEMENT AND GENERAL RELEASE (“Agreement”) is made and entered
into by and between James A. Fleming (“Fleming”) and Cousins Properties Incorporated (the
“Company”).

WITNESSETH

     WHEREAS, Fleming is employed with the Company as its Executive Vice President and Chief
Financial Officer;

     WHEREAS, Fleming will retire from his employment with the Company and all offices he holds
with the Company and its subsidiaries and affiliates effective December 31, 2010 (the “Retirement
Date”);

     WHEREAS, the Company has agreed to provide Fleming with certain payments and benefits to which
he would not otherwise be entitled, as provided in this Agreement; and

     WHEREAS, Fleming and the Releasees (as defined below) want to settle fully and finally all
differences, disputes and potential disputes between them arising out of Fleming’s employment and
retirement from the Company as set forth below;

     NOW, THEREFORE, in consideration of the premises and mutual promises herein contained, it is
agreed as follows:

     1. Retirement and Consultancy. Fleming agrees that he will continue to use his full
business time and best efforts to fulfill all his duties and responsibilities as the Executive Vice
President and Chief Financial Officer of the Company through the Retirement Date. Fleming will
retire and his employment with the Company and any of its subsidiaries and affiliates will cease
effective as of the end of the business day on the Retirement Date; Fleming and the Company agree
that from January 1, 2011 through June 30, 2011, Fleming will (when requested by the Company)
provide consulting services in connection with the Company’s filing of the Form 10-K and such
other matters, if any, as the Company may reasonably request, and Fleming agrees to provide such
services within a reasonable timeframe as may be requested by the Company. The consulting services
will not exceed 40 hours per month. No compensation (other than the consideration described in
Section 2) will be paid to Fleming for any consulting services provided under this Agreement.

     2. Consideration. Provided that Fleming satisfies the conditions of this Agreement
(including, without limitation, Sections 6,7, 8 and 9 below), the Company will provide Fleming the
following consideration (the “Consideration”):

          A. Retirement Payments. The Company agrees to pay Fleming Three Hundred Twenty
Thousand Dollars ($320,000.00) in three equal installments of One Hundred Six Thousand Six Hundred
Sixty Six Dollars and Sixty Seven Cents ($106,666.67) on each of January 31, 2011, February 28,
2011, and March 14, 2011 (the “Retirement Payments”)

 

 

provided Fleming has timely executed the supplemental release described in Section 2(E) and
not revoked such supplemental release.

          B. Bonus. If the Compensation, Succession, Nominating and Governance Committee of
the Company’s Board of Directors awards annual cash incentive awards (i.e., annual “cash bonuses”)
to the Company’s executive officers (the Company’s officers reporting for purposes of Section 16
of the Securities Exchange Act of 1934) other than Fleming for 2010 and provided Fleming has
timely executed the supplemental release described in Section 2(E) and not revoked such
supplemental release, Fleming’s cash bonus for 2010 will be determined by applying a percentage
that is not less than the average percentage of target bonus amount applicable to the Company’s
executive officers (other than Fleming) to Fleming’s 2010 target bonus amount. Such bonus
payment, if any, will be paid at the same time and in the same manner as other similar bonuses are
paid to the Company’s executive officers other than Fleming, but in no event will any such bonus
payment be made later than March 15, 2011.

          C. COBRA Benefits. The Company will reimburse Fleming (subject to applicable tax
withholding) for amounts expended by Fleming to purchase (via COBRA) health insurance benefits for
himself, his spouse and eligible dependents through the Company’s health plan for the period that
begins on the Retirement Date and ends on the earlier of (i) 12 months after the Retirement Date,
(ii) the date Fleming becomes employed with an employer with whom Fleming is eligible for health
insurance benefits provided through that employer or (iii) the date Fleming is no longer eligible
for COBRA. Fleming will tender reasonable and satisfactory proof of such expenditures, if any, to
the Company within thirty (30) days of such expenditure, and the Company will reimburse Fleming
for such expenses within thirty (30) days of receipt of such proof. Fleming also agrees to inform
the Company of his becoming employed with an employer with whom Fleming is eligible for health
insurance benefits provided through that employer immediately upon beginning such employment.

          D.
Long-Term Incentive Compensation. All stock options granted to
Fleming on February 16, 2009 and February 15, 2010
(“Options”) and all shares of
restricted stock (“Restricted Stock”) issued to Fleming under the Company’s 1999 Incentive Stock
Plan and the Company’s 2009 Incentive Stock Plan (“Stock Plans”) that are outstanding on the
Retirement Date and all restricted stock units (“Restricted Stock Units”) issued to Fleming under
the Company’s 2005 Restricted Stock Unit Plan (“RSU Plan”) that are outstanding on the Retirement
Date and that vest solely based on continued employment with the Company (“Service Conditioned
Restricted Stock Units”) shall become 100% vested on the effective date of the supplemental
release described in Section 2(E) to the extent such Options, Restricted Stock or Service
Conditioned Restricted Stock Units were not previously vested and, with respect to the Options,
subject to the supplemental release described in Section 2(E) becoming effective, Fleming shall
have the right to exercise such Options within the stated term of the Options (i.e.,
generally the balance of the 10 year exercise period). With respect to any Restricted Stock Units
that vest or become payable in whole or in part based on the Company’s attainment of any
performance goals, Fleming will (subject to the supplemental release described in Section 2(E)
becoming effective) be deemed to have satisfied any requirement of continued employment associated
with such Restricted Stock Units but such Restricted Stock Units will vest and/or become payable
only if the Company meets the applicable performance goals. This Section 2(D) will amend and
supersede any terms of the agreements related to the Options, Restricted Stock and Restricted
Stock Units which conflict with this Section 2(D) and, except as provided in this Section 2(D),
such agreements shall continue in full force and effect. However,
this Section 2(D) will not amend or supersede any terms of the
agreements related to any stock options (other than the Options)
granted to Fleming under the Stock Plans, and such agreements
(including the existing vesting and exercise provisions) shall
continue in full force and effect.

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          E. Supplemental Release. The Company will give Fleming a supplemental release (in
substantially the same form as set forth in Section 3) on December 31, 2010 which covers the
period from the date this Agreement is executed through December 31, 2010, and Fleming will have
21 days to consider the supplemental release and 7 days to revoke the supplemental release. The
parties agree that the Company will be relieved of its obligations under Sections 2(A), 2(B), 2(C)
and 2(D) if such supplemental release is either not executed or is revoked during any applicable
revocation period.

          F. Acknowledgements. Fleming acknowledges and agrees that the Consideration
encompasses and is in lieu of and in full satisfaction of any and all other payments which Fleming
is owed, is potentially owed, or claims to be owed to him by the Company, regardless of where
arising (except for any benefits owed, under the written terms of the Company’s benefit plans,
through the Retirement Date or as otherwise specifically stated herein, base salary accrued
through the Retirement Date, expenses incurred but unpaid up to the Retirement Date that are
reimbursable in accordance with Company policy, rights to indemnification that Fleming may have
under the Company’s articles of incorporation, bylaws, and the Indemnification Agreement dated
June 18, 2007, and any coverage that Fleming may have under any liability policy covering officers
and directors) as of the Retirement Date including, without limitation, any other salary,
severance, benefits, bonuses, deferred compensation, incentive compensation, equity compensation,
vacation pay, pay, sick pay or other paid time off. For the avoidance of doubt, there shall be no
benefits paid by the Company of any sort with respect to any of the Consideration.

     3. Release and Covenant Not to Sue.

          A. General Release. As a material inducement of the Company to enter into this
Agreement, Fleming hereby irrevocably and unconditionally releases, acquits, and forever discharges
the Company and the Company’s former and current employees, partners, members, managers,
supervisors, attorneys, investors, agents, officers, directors, and affiliates, including parent
companies, subsidiaries, benefit plans and divisions (collectively, with the Company, the
“Releasees”), (except as to the Consideration and any benefits owed, under the written terms of the
Company’s benefit plans, through the Retirement Date or as otherwise specifically stated herein,
base salary accrued through the Retirement Date, expenses incurred but unpaid up to the Retirement
Date that are reimbursable in accordance with Company policy, rights to indemnification that
Fleming may have under the Company’s articles of incorporation, bylaws, and the Indemnification
Agreement dated June 18, 2007, and any coverage that Fleming may have under any liability policy
covering officers and directors) from any and all charges, complaints, claims, liabilities,
obligations, promises, agreements, controversies, damages, actions, causes of action, suits,
rights, demands, costs, losses, debts and expenses (including attorneys’ fees and costs actually
incurred) of any nature whatsoever, known or unknown, suspected or unsuspected, fixed or
contingent, including, but not limited to, any claims for compensatory damages, special damages,
punitive damages, or any other form of compensation from the Releasees or any of them, or based
upon any contract, covenant of good faith and fair dealing, or any tort, or any federal, state, or
other governmental statute, regulation, ordinance or common law, including, without limitation
claims for unpaid wages, vacation pay, or other fringe benefits; breach of any covenant of good
faith and fair dealing; breach of an express or implied contract; violation of any other legal,
equitable or contractual duty arising under the laws

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of any state or locality, or the laws of the United States, including, without limitation, Title
VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. § 2000e, et seq.; 42
U.S.C. § 1981; Executive Order 11246, 30 Fed. Reg. 12319; 42 U.S.C. § 1985(3); the Rehabilitation
Act of 1973, as amended, 29 U.S.C. § 701, et seq.; the Americans with Disabilities
Act, 42 U.S.C. § 12101, et seq.; the Family and Medical Leave Act, 29 U.S.C. §
2601, et seq.; the Employment Retirement Income Security Act of 1974, as amended,
29 U.S.C. § 1001, et seq.; the Fair Labor Standards Act, 29 U.S.C. § 201,
et seq.; and the Sarbanes-Oxley Act of 2002, 18 U.S.C. § 1514A, et
seq., which Fleming now has, owns or holds, or claims to have, own or hold, which Fleming
at any time heretofore had, owned or held, or claimed to have, against each or any of the
Releasees, including claims arising under any other agreement or plan whatsoever, whether oral or
written, with respect to matters up to the time Fleming signs this Agreement. Fleming represents,
acknowledges and agrees that he has been provided with all leave to which he may have been entitled
under the Family and Medical Leave Act. Fleming hereby covenants and agrees, to the fullest extent
permitted by law, not to sue, file any grievance, complaint or arbitration, commence, or permit to
be commenced or filed, any litigation, administrative charge, or other proceeding against any of
the Releasees as described herein, with respect to any matter whatsoever, including, but not
limited to, any matter arising from or relating to the terms and conditions of his employment with
the Company, the termination of his employment with the Company, and any other actions taken by the
Company concerning Fleming up to the time of the Effective Date, except as otherwise provided in
this Section 3(A).

          B. Release of Claims under the ADEA. In addition to the foregoing, Fleming hereby
knowingly and voluntarily releases and discharges the Releasees, collectively, separately and
severally, from and for any and all liability, claims, allegations, and causes of action arising
under the Age Discrimination in Employment Act of 1967, as amended (“ADEA”), which he and/or his
heirs, administrators, executors, personal representatives, beneficiaries, and assigns may have or
claim to have against the Releasees. Notwithstanding any other provision or section of this
Agreement, Fleming does not hereby waive any rights or claims under the ADEA that may arise after
the date on which the Agreement is signed by him.

     Fleming hereby acknowledges and represents that (i) he has been given a period of at least
twenty-one (21) days to consider the terms of this Agreement, (ii) the Company has advised (or
hereby advises) Fleming in writing to consult with an attorney prior to executing this Agreement,
and (iii) Fleming has received valuable and good consideration to which he is otherwise not
entitled in exchange for his execution of this Agreement. Fleming and the Company acknowledge and
agree that any revisions made to this Agreement after it was initially delivered to Fleming were
either not material or were requested by Fleming, and expressly agree that such changes do not
re-start the 21-day consideration period described above.

     The parties hereby acknowledge this Agreement shall not become effective or enforceable until
the eighth (8th) day after it is executed by Fleming (the “Effective Date”) and that Fleming may
revoke this Agreement at any time before the Effective Date.

     In the event Fleming revokes, he shall notify the Company in writing to its designated agent
for this purpose no later than the last day of the revocation period. Such notice shall be
delivered to the Company by national overnight delivery service such as Federal Express or

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United Parcel Service, the receipt of which shall be tracked by the delivery service, and addressed
as follows:

Cousins Properties Incorporated

191 Peachtree Street, Suite 3600

Atlanta, Georgia 30303-1741

Attn: General Counsel

`

     4. Denial of Liability or Wrongful Conduct. This Agreement shall not in any way be
construed as an admission by the Company that it has acted wrongfully in any way.

     5. No Pending Claims. Fleming represents that he has not filed, nor assigned to
others the right to file, nor are there pending any complaints, charges or lawsuits against the
Releasees with any governmental agency or any court, and that Fleming shall not file any claims
against the Releasees with any governmental agency or any court at any time hereafter for actions
taken up to and including the Effective Date with respect to matters released by this Agreement.
Fleming agrees that he will not seek or be entitled to any personal or representative monetary
recovery in any proceeding of any nature arising out of any of the matters released above.

     6. Non-Disparagement. Except as otherwise required by law, Fleming acknowledges and
agrees that, for a period beginning upon execution of this Agreement and for three (3) years
following the Retirement Date, he shall not make any statement, written or verbal, to any person
or entity, including in any forum or media, or take any action, in disparagement of the Company or
any of the other Releasees, including, but not limited to, negative references to the Company’s or
a Releasee’s services, policy, partners, directors, officers, managers, members, or employees, or
take any other action that may disparage the Company or a Releasee to the general public and/or the
Company’s or Releasee’s employees, clients, suppliers, and/or business partners. The Company
agrees that it shall direct the members of its Board of Directors and its executive officers (each
as of the Effective Date of this Agreement) that they shall not for a period of three (3) years
following the Retirement Date make any statement, written or verbal, to any person or entity,
including in any forum or media, or take any action, in disparagement of Fleming, including, but
not limited to, negative references to Fleming’s services, or take any other action that may
disparage Fleming to the general public or his future employer, clients, suppliers, and/or business
partners. All requests for references or other information from Fleming’s prospective employers
shall be directed by Fleming to the Company’s head human resources officer, who shall advise that
the Company policy is not to provide references and shall confirm only Fleming’s positions, dates
of employment, and compensation with the Company.

     7. Nondisclosure and Non-Solicitation.

          A. Confidentiality. Fleming agrees to and shall hold in confidence all Trade Secrets
and all Confidential Information (each as defined below) and will not, either directly or
indirectly, use, sell, lend, lease, distribute, license, give, transfer, assign, show, disclose,
disseminate, reproduce, copy, appropriate, or otherwise communicate any Trade Secrets or
Confidential Information to any person or entity, without the prior written consent of the

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Company. Fleming’s obligation of non-disclosure as set forth herein with regard to each item
constituting all or any portion of a Trade Secret shall continue for so long as such item continues
to constitute a Trade Secret under applicable law, and with regard to any Confidential Information,
for a period of three (3) years after the Retirement Date.

     “Confidential Information” means data or other information relating to the business of the
Company or a Releasee (other than Trade Secrets) that is or has been disclosed to Fleming or of
which Fleming became aware as a consequence of or through Fleming’s relationship with the Company
or a Releasee and which has value to the Company or a Releasee, is not generally known to the
Company’s or the Releasee’s competitors (as applicable). Confidential Information shall not include
any data or information that has been voluntarily disclosed to the public by the Company or a
Releasee (except where such public disclosure has been made by Fleming without authorization) or
that has been independently developed and disclosed by others, or that otherwise enters the public
domain through lawful means.

     “Trade Secrets” means information protectable as a trade secret under applicable law,
including, without limitation, and without regard to form: technical or non-technical data, a
formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a
process, financial data, financial plans, product plans, or a list of actual or potential customers
or suppliers which is not commonly known by or available to the public and which information
derives economic value, actual or potential, from not being generally known to, and not being
readily ascertainable by proper means by, other persons who can obtain economic value from its
disclosure or use; and is the subject of efforts that are reasonable under the circumstances to
maintain its secrecy. For purposes of this Agreement, the term Trade Secret shall not include data
or information that has been voluntarily disclosed to the public by the Company or a Releasee
(except where such public disclosure has been made by Fleming without authorization) or that has
been independently developed and disclosed by others, or that otherwise enters the public domain
through lawful means.

          B. Non-Solicitation of Employees. Fleming covenants and agrees that for a period of
twelve (12) months following the Retirement Date, Fleming will not, directly or indirectly, solicit
or encourage the solicitation or hiring of any person who was an employee of the Company at the
Retirement Date and who continues to be an employee of the Company at, or was an employee within
six (6) months before, the date of such solicitation, with whom Fleming had material contact, by
any employer other than the Company for any position as an employee, independent contractor,
consultant or otherwise; provided that this covenant shall not apply to any employee (i) the
solicitation of whom is approved by the Chief Executive Officer of the Company (such approval to be
made in his or her sole discretion and may be withheld for any or no reason), (ii) who responds to
any public advertisement or (iii) who’s employment with the Company terminated, whether voluntarily
or involuntarily, prior to any discussion with Fleming regarding such matters.

          C. Acknowledgements. Fleming acknowledges and agrees that Fleming’s obligations under
this Section 7 are reasonable and necessary to protect the legitimate business interests of the
Company and that any claim or cause of action by Fleming against the Company, whether predicated on
this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company or
any other adversely affected Releasee of the covenants and promises in this Section 7.

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          D. Reformation. In the event that any of the covenants in this Section 7 is found by
a court of competent jurisdiction to be overly broad or otherwise unenforceable as written, the
parties request the court to modify or reform any such covenant to allow it to be enforced to the
maximum extent permitted by law and to enforce the covenant as so modified or reformed.

     8. Cooperation. Fleming acknowledges and agrees that he will reasonably cooperate
with the Company in any pending or future matters, including without limitation any litigation,
investigation, or other dispute, in which Fleming, by virtue of Fleming’s employment with the
Company, has relevant knowledge or information, without any further compensation other than what is
provided in this Agreement.

     9. Return of Company Property. On or prior to the Retirement Date, Fleming will
return to the Company all of the Company’s property, including, but not limited to, keys,
passcards, credit cards, computers and related equipment, cell phones, vendor or customer lists,
rolodexes, tapes, software, computer files, marketing and sales materials, and any other record,
data, document or piece of equipment belonging to the Company. Fleming agrees not to retain any
copies of the Company’s property, including any copies existing in electronic form, which are in
Fleming’s possession or control. Fleming acknowledges that he has not and will not destroy,
delete, or alter any Company property without the Company’s written consent. This Section shall
not be construed to relate to any of Fleming’s personal information which may be stored on the
Company’s computer that he used before the Retirement Date or personal information that he had at
the Company’s offices before the Retirement Date.

     10. Modification. No provision of this Agreement may be changed, altered, modified or
waived except in writing signed by Fleming and an authorized representative of the Company’s Board
of Directors, which writing shall specifically reference this Agreement and the provisions which
the parties intend to waive or modify.

     11. Voluntary Agreement/Consultation with Counsel. Fleming acknowledges the
following: (a) he has read and fully understands the terms of this Agreement; (b) he has agreed to
this Agreement knowingly and voluntarily and was not subjected to any undue influence in agreeing
to its terms; (c) has been (or is hereby) advised by the Company in writing that he may discuss
this Agreement with his personal attorney, and has had an opportunity to do so; and (d) has been
given a reasonable time (of at least 21 days) to consider whether he should enter into this
Agreement.

     12. Attorneys’ Fees and Costs. If either party brings a claim released or waived by
or otherwise relating to this Agreement, or breaches any provision hereof, such party will pay the
attorneys’ fees incurred by the prevailing party, in addition to any other damages or relief a
court may award.

     13. Entire Agreement. Except as expressly provided herein, this Agreement constitutes
and contains the entire agreement and final understanding concerning Fleming’s relationship with
the Company and the other subject matters addressed herein between the parties, and supersedes and
replaces all prior negotiations and all other agreements proposed or otherwise (except the
supplemental release referred to herein), whether written or oral,

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concerning the subject matter hereof. Any representation, promise or agreement not
specifically included in this Agreement shall not be binding upon or enforceable against either
party. Notwithstanding the foregoing, the Indemnification Agreement between the Company and
Fleming, dated as of June 18, 2007 and any certificates of awards issued to Fleming under the Stock
Plans and the RSU Plan shall survive in accordance with their respective terms. For further
clarity, each of the foregoing expressly survive and remain in full force and effect, and do not
merge into this Agreement.

     14. Applicable Law. This Agreement has been entered into in and shall be governed by
and construed under the laws of the State of Georgia, notwithstanding its provisions governing
choice of law. Fleming acknowledges and agrees that he was employed by the Company in Georgia.
Subject to Section 19 below, any action to enforce any provision of this Agreement shall be brought
exclusively in the appropriate state or federal court in the State of Georgia.

     15. Severability. The provisions of this Agreement are severable, and if any part of
it is found to be unenforceable, the other paragraphs shall remain fully valid and enforceable.
This Agreement shall survive the termination of any arrangements contained herein.

     16. Headings and Captions. The headings and captions used in this Agreement are for
convenience of reference only, and shall in no way define, limit, expand or otherwise affect the
meaning or construction of any provision of this Agreement.

     17. Construction. In the event that an ambiguity or question of intent or
interpretation arises, this Agreement shall be construed as if drafted jointly by the parties, and
no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the
authorship of any of the provisions of this Agreement.

     18. Injunctive Relief/Obligations. Fleming acknowledges and agrees that the remedy at
law for any breach of Sections 6, 7, 8 or 9 hereof will be inadequate and that in the event of such
breach, the Company and/or the Releasees will suffer irreparable damage. Accordingly, in addition
to all other remedies available, the Company and any other adversely affected Releasee will
therefore be entitled, in aid of any arbitration conducted pursuant to Section 19 hereof, to
temporary, preliminary or permanent injunctive relief from a court enjoining said breach or
threatened breach without having to post a bond or other security. The existence of any claim,
demand, action or cause of action of Fleming against any Releasee shall not constitute a defense to
the enforcement by the Company or any Releasee of any of the covenants or agreements herein. The
existence of any claim, demand, action or cause of action of the Company or any Releasee shall not
constitute a defense to the enforcement by Fleming of any of the covenants or agreements herein.

     19. Arbitration. Except as provided in Section 18 and below, any disputes or claims
of any kind or nature, including the arbitrability of claims under this Agreement, between Fleming
and the Company for any reason whatsoever, shall be settled by final and binding arbitration in
Atlanta, Georgia under the Federal Arbitration Act.

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     Prior to filing a demand for arbitration, the party seeking arbitration shall serve upon the
other party written notice of an intent to arbitrate hereunder listing the claims to be arbitrated.
Thereafter, the parties shall, for a period of two weeks, first attempt in good faith to resolve
any such claim through informal negotiation. If the claim is not resolved, the arbitration shall
be administered by an arbitration agency mutually agreeable to Fleming and the Company, before an
arbitrator mutually agreeable to Fleming and the Company. Should the Company and Fleming be unable
to mutually agree upon an arbitration agency or an arbitrator within four weeks of either party’s
written notice of intent to arbitrate hereunder, or within two weeks from the time any court or
other judicial body orders arbitration, the arbitration shall be administered by the American
Arbitration Association before an arbitrator mutually agreeable to Fleming and the Company. If
Fleming and the Company are thereafter unable to agree upon an arbitrator, the arbitrator shall be
selected in accordance with the rules of the American Arbitration Association.

     Upon the request of either party, the arbitrator’s award shall include findings of fact and
conclusions of law. Discovery in the arbitration by or to each party shall presumptively be limited
to five depositions (including experts), twenty-five interrogatories (including subparts), and
thirty document requests (including subparts). In considering the relevancy, materiality, and
admissibility of evidence, the arbitrator shall take into account, among other things, applicable
principles of legal privilege, including the attorney-client privilege, the work product doctrine,
the self-evaluative privilege, and appropriate protection of the Company’s Trade Secrets, personnel
records, and other Confidential Information or proprietary information. Any arbitration of any
claim by Fleming pursuant to this Agreement may not be joined or consolidated with any other
arbitration(s) by or against the Company, including through any class arbitration. Any arbitration
of any claim by the Company pursuant to this Agreement may not be joined or consolidated with any
other arbitration(s) by or against Fleming. Notwithstanding any other provision of this Agreement,
the Company may seek temporary, preliminary, or permanent injunctive relief against Fleming at any
time without resort to arbitration. If any provision of this Section is found to be invalid or
unenforceable, such provision shall be severed or modified as necessary to permit this Section to
be upheld and enforced to the maximum extent permitted by law.

     20. Notice. All notices or other communications which are required or permitted
hereunder shall be in writing and sufficient if delivered personally or sent by registered or
certified mail, postage prepaid, return receipt requested, or sent by overnight courier, addressed
as follows:

	 	 	 

	To the Company:
	 	Cousins Properties Incorporated

	 
	 	191 Peachtree Street, Suite 3600

	 
	 	Atlanta, Georgia  30303-1741

	 
	 	Attn:  General Counsel
	 
	 	 
	With a copy to:
	 	Alan J. Prince, Esq.
	 
	 	King & Spalding LLP
	 
	 	1180 Peachtree Street
	 
	 	Atlanta, Georgia 30309

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	To Fleming:
	 	Mr. James A. Fleming
	 
	 	[address omitted]
	 
	 	 

     21. Termination by the Company for Good Cause. The Company may terminate Fleming’s
employment ten (10) days after giving written notice to Fleming for “Good Cause.” “Good Cause”
shall mean: (i) Fleming’s material breach of this Agreement; (ii) Fleming’s gross negligence in the
performance or nonperformance of any of his material duties or responsibilities; (iii) Fleming’s
dishonesty, fraud or willful misconduct with respect to, or disparagement of, the business or
affairs of the Company; (iv) Fleming’s conviction of a felony; (v) Fleming’s abuse of alcohol or
use of any illegal drug; or (vi) Fleming’s being absent from work for five consecutive days for any
non-business related reason, other than an approved leave of absence, including without limitation
any vacation or sick leave, such approval to be made in a manner consistent with prior practice and
in any case not to be unreasonably withheld. In the event of the termination of Fleming’s
employment for Good Cause, the Company will be released of all its obligations under this
Agreement.

     22. 409A. The parties to this Agreement intend that all payments and benefits under
this Agreement be exempt from or comply with section 409A of the Internal Revenue Code of 1986, as
amended.

     FLEMING ATTESTS THAT HE HAS READ THIS AGREEMENT CAREFULLY AND UNDERSTANDS THAT THIS AGREEMENT
INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS THAT FLEMING MAY HAVE AGAINST THE COMPANY.

	 	 	 	 	 
	 	 	 
	
/s/ James A. Fleming
 	 	     August 9, 2010 
	James A. Fleming                	 	      Date 
	 	 	 
	 
	COUSINS PROPERTIES INCORPORATED

 	 	 
	By:  	/s/ Robert M. Jackson
 	 	     August 9, 2010 
	 	Robert M. Jackson            	 	      Date 
	 	Senior Vice President,
General Counsel and
Corporate Secretary 	 	 
	 

-10-exv10w1

Exhibit 10.1

 

CREDIT AGREEMENT

dated as of

August 4, 2010

among

BLACKBOARD INC.

The Lenders Party Hereto

JPMORGAN CHASE BANK, N.A.

as Administrative Agent

CITIBANK, N.A. and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH

as Co-Syndication Agents

and

PNC BANK, NATIONAL ASSOCIATION and WELLS FARGO BANK, NATIONAL ASSOCIATION

as Co-Documentation Agents

 

J.P. MORGAN SECURITIES INC.

as Sole Bookrunner and Sole Lead Arranger

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I Definitions
	 	 	1	 
	 
	 	 	 	 
	SECTION 1.01. Defined Terms
	 	 	1	 
	SECTION 1.02. Classification of Loans and Borrowings
	 	 	22	 
	SECTION 1.03. Terms Generally
	 	 	22	 
	SECTION 1.04. Accounting Terms; GAAP
	 	 	23	 
	SECTION 1.05. Status of Obligations
	 	 	23	 
	 
	 	 	 	 
	ARTICLE II The Credits
	 	 	24	 
	 
	 	 	 	 
	SECTION 2.01. Commitments
	 	 	24	 
	SECTION 2.02. Loans and Borrowings
	 	 	24	 
	SECTION 2.03. Requests for Revolving Borrowings
	 	 	25	 
	SECTION 2.04. Determination of Dollar Amounts
	 	 	25	 
	SECTION 2.05. Swingline Loans
	 	 	26	 
	SECTION 2.06. Letters of Credit
	 	 	27	 
	SECTION 2.07. Funding of Borrowings
	 	 	30	 
	SECTION 2.08. Interest Elections
	 	 	31	 
	SECTION 2.09. Termination and Reduction of Commitments
	 	 	32	 
	SECTION 2.10. Repayment of Loans; Evidence of Debt
	 	 	33	 
	SECTION 2.11. Prepayment of Loans
	 	 	33	 
	SECTION 2.12. Fees
	 	 	34	 
	SECTION 2.13. Interest
	 	 	35	 
	SECTION 2.14. Alternate Rate of Interest
	 	 	36	 
	SECTION 2.15. Increased Costs
	 	 	36	 
	SECTION 2.16. Break Funding Payments
	 	 	37	 
	SECTION 2.17. Taxes
	 	 	38	 
	SECTION
2.18. Payments Generally; Allocations of Proceeds; Pro Rata
Treatment; Sharing of Set-offs
	 	 	39	 
	SECTION 2.19. Mitigation Obligations; Replacement of Lenders
	 	 	41	 
	SECTION 2.20. Expansion Option
	 	 	42	 
	SECTION 2.21. Judgment Currency
	 	 	43	 
	SECTION 2.22. Defaulting Lenders
	 	 	44	 
	 
	ARTICLE III Representations and Warranties
	 	 	45	 
	 
	SECTION 3.01. Organization; Powers; Subsidiaries
	 	 	45	 
	SECTION 3.02. Authorization; Enforceability
	 	 	46	 
	SECTION 3.03. Governmental Approvals; No Conflicts
	 	 	46	 
	SECTION 3.04. Financial Condition; No Material Adverse Change
	 	 	46	 
	SECTION 3.05. Properties
	 	 	46	 
	SECTION 3.06. Litigation, Environmental and Labor Matters
	 	 	46	 
	SECTION 3.07. Compliance with Laws and Agreements
	 	 	47	 

 

 

Table
of Contents
(continued)

	 	 	 	 	 
	 	 	Page	 
	SECTION 3.08. Investment Company Status
	 	 	47	 
	SECTION 3.09. Taxes
	 	 	47	 
	SECTION 3.10. ERISA
	 	 	47	 
	SECTION 3.11. Disclosure
	 	 	47	 
	SECTION 3.12. Federal Reserve Regulations
	 	 	48	 
	SECTION 3.13. Liens
	 	 	48	 
	SECTION 3.14. No Default
	 	 	48	 
	SECTION 3.15. No Burdensome Restrictions
	 	 	48	 
	SECTION 3.16. Solvency
	 	 	48	 
	SECTION 3.17. Security Interest in Collateral
	 	 	48	 
	 
	 	 	 	 
	ARTICLE IV Conditions
	 	 	48	 
	 
	 	 	 	 
	SECTION 4.01. Effective Date
	 	 	48	 
	SECTION 4.02. Each Credit Event
	 	 	49	 
	 
	 	 	 	 
	ARTICLE V Affirmative Covenants
	 	 	50	 
	 
	 	 	 	 
	SECTION 5.01. Financial Statements and Other Information
	 	 	50	 
	SECTION 5.02. Notices of Material Events
	 	 	52	 
	SECTION 5.03. Existence; Conduct of Business
	 	 	52	 
	SECTION 5.04. Payment of Obligations 
	 	 	52	 
	SECTION 5.05. Maintenance of Properties; Insurance
	 	 	52	 
	SECTION 5.06. Books and Records; Inspection Rights
	 	 	53	 
	SECTION 5.07. Compliance with Laws and Material Contractual Obligations
	 	 	53	 
	SECTION 5.08. Use of Proceeds
	 	 	53	 
	SECTION 5.09. Subsidiary Guarantors; Pledges; Additional Collateral; Further Assurances
	 	 	53	 
	 
	 	 	 	 
	ARTICLE VI Negative Covenants
	 	 	54	 
	 
	 	 	 	 
	SECTION 6.01. Indebtedness
	 	 	55	 
	SECTION 6.02. Liens
	 	 	56	 
	SECTION 6.03. Fundamental Changes and Asset Sales
	 	 	57	 
	SECTION 6.04. Investments, Loans, Advances and Acquisitions
	 	 	58	 
	SECTION 6.05. Swap Agreements
	 	 	59	 
	SECTION 6.06. Transactions with Affiliates
	 	 	59	 
	SECTION 6.07. Restricted Payments
	 	 	59	 
	SECTION 6.08. Restrictive Agreements
	 	 	60	 
	SECTION
6.09. Subordinated Indebtedness and Amendments to Subordinated Indebtedness Documents
	 	 	60	 
	SECTION 6.10. Sale and Leaseback Transactions
	 	 	60	 
	SECTION 6.11. Financial Covenants
	 	 	60	 

ii

 

Table
of Contents
(continued)

	 	 	 	 	 
	 	 	Page	 
	ARTICLE VII Events of Default
	 	 	61	 
	 
	 	 	 	 
	ARTICLE VIII The Administrative Agent
	 	 	63	 
	 
	 	 	 	 
	ARTICLE IX Miscellaneous
	 	 	67	 
	 
	 	 	 	 
	SECTION 9.01. Notices
	 	 	67	 
	SECTION 9.02. Waivers; Amendments
	 	 	68	 
	SECTION 9.03. Expenses; Indemnity; Damage Waiver
	 	 	69	 
	SECTION 9.04. Successors and Assigns
	 	 	71	 
	SECTION 9.05. Survival
	 	 	73	 
	SECTION 9.06. Counterparts; Integration; Effectiveness
	 	 	74	 
	SECTION 9.07. Severability
	 	 	74	 
	SECTION 9.08. Right of Setoff
	 	 	74	 
	SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process
	 	 	74	 
	SECTION 9.10. WAIVER OF JURY TRIAL
	 	 	75	 
	SECTION 9.11. Headings
	 	 	75	 
	SECTION 9.12. Confidentiality
	 	 	75	 
	SECTION 9.13. USA PATRIOT Act
	 	 	76	 
	SECTION 9.14. Releases of Subsidiary Guarantors
	 	 	76	 
	SECTION 9.15. Appointment for Perfection 
	 	 	76	 

iii

 

Table
of Contents
(continued)

	 	 	 	 	 
	 	 	Page	 
	SCHEDULES:
	 	 	 	 
	 
	 	 	 	 
	Schedule 2.01  — Commitments
	 	 	 	 
	Schedule 2.02  — Mandatory Cost
	 	 	 	 
	Schedule 3.01  — Subsidiaries
	 	 	 	 
	Schedule 3.06  — Existing Litigation, Environmental and Labor Matters
	 	 	 	 
	Schedule 6.01  — Existing Indebtedness
	 	 	 	 
	Schedule 6.02  — Existing Liens
	 	 	 	 
	 
	 	 	 	 
	EXHIBITS:
	 	 	 	 
	 
	 	 	 	 
	Exhibit A  — Form of Assignment and Assumption
	 	 	 	 
	Exhibit B  — Form of Opinion of Loan Parties’ Counsel
	 	 	 	 
	Exhibit C  — Form of Increasing Lender Supplement
	 	 	 	 
	Exhibit D  — Form of Augmenting Lender Supplement
	 	 	 	 
	Exhibit E  — List of Closing Documents
	 	 	 	 

iv

 

          CREDIT AGREEMENT (this “Agreement”) dated as of August 4, 2010 among BLACKBOARD INC.,
the LENDERS from time to time party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent,
CITIBANK, N.A. and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Co-Syndication Agents and PNC BANK,
NATIONAL ASSOCIATION and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Co-Documentation Agents.

          The parties hereto agree as follows:

ARTICLE I

Definitions

          SECTION 1.01. Defined Terms. As used in this Agreement, the following
terms have the meanings specified below:

          “ABR”, when used in reference to any Loan or Borrowing, refers to a Loan, or the
Loans comprising such Borrowing, bearing interest at a rate determined by reference to the
Alternate Base Rate.

          “Adjusted Aggregate Commitment” means $150,000,000. The Adjusted Aggregate Commitment
shall no longer apply upon delivery, and in form and substance reasonably satisfactory, to the
Administrative Agent of (i) certified resolutions of the Borrower authorizing the Borrower to
obtain Credit Events hereunder in the full amount of the Aggregate Commitment and (ii) a legal
opinion of outside counsel to the Borrower covering the same. The Administrative Agent shall
notify the Borrower and the Lenders of the date upon which the Adjusted Aggregate Commitment no
longer applies and such notice shall be conclusive and binding.

          “Adjusted LIBO Rate” means, with respect to any Eurocurrency Borrowing for any
Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of
1%) equal to the sum of (i) (a) the LIBO Rate for such Interest Period multiplied by (b) the
Statutory Reserve Rate plus, without duplication (ii) in the case of Loans denominated in
any Foreign Currency by a Lender from its office or branch in the United Kingdom, the Mandatory
Cost, if applicable and as reasonably determined by the Administrative Agent in accordance with
Schedule 2.02.

          “Administrative Agent” means JPMorgan Chase Bank, N.A. (including its branches and
affiliates), in its capacity as administrative agent for the Lenders hereunder.

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

          “Affected Foreign Subsidiary” means any Foreign Subsidiary to the extent such Foreign
Subsidiary acting as a Subsidiary Guarantor would be prohibited by applicable law or would cause a
Deemed Dividend Problem.

          “Affiliate” means, with respect to a specified Person, another Person that directly,
or indirectly through one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified. Notwithstanding the foregoing, (a) no individual shall be an
Affiliate solely by
reason of his or her being a director, officer or employee of the Borrower or any of its
Subsidiaries, and (b) none of the Subsidiaries of the Borrower shall be considered Affiliates.

 

 

          “Aggregate Commitment” means the aggregate of the Commitments of all of the Lenders,
as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the
Effective Date, the Aggregate Commitment is $175,000,000.

          “Agreed Currencies” means (i) Dollars, (ii) euro, (iii) Pounds Sterling, (iv) Japanese
Yen and (v) any other Foreign Currency agreed to by the Administrative Agent and each of the
Lenders.

          “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of
(a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such
day plus 1/2 of 1% and (c) the Adjusted LIBO Rate for a one month Interest Period on such day (or if
such day is not a Business Day, the immediately preceding Business Day) plus 1%, provided
that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the rate
appearing on Reuters Screen LIBOR01 Page (or on any successor or substitute page of such page) at
approximately 11:00 a.m. London time on such day. Any change in the Alternate Base Rate due to a
change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate shall be
effective from and including the effective date of such change in the Prime Rate, the Federal Funds
Effective Rate or the Adjusted LIBO Rate, respectively.

          “Applicable Percentage” means, with respect to any Lender, the percentage of the
Aggregate Commitment represented by such Lender’s Commitment; provided that, in the case of
Section 2.22 when a Defaulting Lender shall exist, “Applicable Percentage” shall mean the
percentage of the Aggregate Commitment (disregarding any Defaulting Lender’s Commitment)
represented by such Lender’s Commitment. If the Commitments have terminated or expired, the
Applicable Percentages shall be determined based upon the Commitments most recently in effect,
giving effect to any assignments and to any Lender’s status as a Defaulting Lender at the time of
determination.

          “Applicable Pledge Percentage” means 100% but 65% in the case of a pledge by the
Borrower or any Domestic Subsidiary of its Equity Interests in an Affected Foreign Subsidiary.

          “Applicable Rate” means, for any day, with respect to any Eurocurrency Revolving Loan
or any ABR Revolving Loan or with respect to the commitment fee payable hereunder, as the case may
be, the applicable rate per annum set forth below under the caption “Eurocurrency Spread”, “ABR
Spread” or “Commitment Fee Rate”, as the case may be, based upon the Leverage Ratio applicable on
such date:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Eurocurrency	 	ABR	 	Commitment
	 	 	Leverage Ratio:	 	Spread	 	Spread	 	Fee Rate
	Category 1:
	 	< 1.00 to 1.00	 	 	2.25	%	 	 	1.25	%	 	 	0.30	%
	Category 2:
	 	> 1.00 to 1.00 but
< 1.75 to 1.00	 	 	2.50	%	 	 	1.50	%	 	 	0.35	%
	Category 3:
	 	> 1.75 to 1.00 but 
< 2.50 to 1.00	 	 	2.75	%	 	 	1.75	%	 	 	0.40	%
	Category 4:
	 	> 2.50 to 1.00	 	 	3.00	%	 	 	2.00	%	 	 	0.50	%

     For purposes of the foregoing,

     (i) if at any time the Borrower fails to deliver the Financials on or before the date
the Financials are due pursuant to Section 5.01, Category IV shall be deemed applicable for
the

2

 

period commencing three (3) Business Days after the required date of delivery and ending
on the date which is three (3) Business Days after the Financials are actually delivered,
after which the Category shall be determined in accordance with the table above as
applicable;

     (ii) adjustments, if any, to the Category then in effect shall be effective three (3)
Business Days after the Administrative Agent has received the applicable Financials (it
being understood and agreed that each change in Category shall apply during the period
commencing on the effective date of such change and ending on the date immediately preceding
the effective date of the next such change); and

     (iii) notwithstanding the foregoing, Category II shall be deemed to be applicable until
the Administrative Agent’s receipt of the applicable Financials for the Borrower’s first
full fiscal quarter ending after the Effective Date (unless such Financials demonstrate that
Category III or IV should have been applicable during such period, in which case such other
Category shall be deemed to be applicable during such period) and adjustments to the
Category then in effect shall thereafter be effected in accordance with the preceding
paragraphs.

          “Approved Fund” has the meaning assigned to such term in Section 9.04.

          “Assignment and Assumption” means an assignment and assumption agreement entered into
by a Lender and an assignee (with the consent of any party whose consent is required by Section
9.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form
approved by the Administrative Agent.

          “Augmenting Lender” has the meaning assigned to such term in Section 2.20.

          “Availability Period” means the period from and including the Effective Date to but
excluding the earlier of the Maturity Date and the date of termination of the Commitments.

          “Available Revolving Commitment” means, at any time with respect to any Lender, the
Commitment of such Lender then in effect minus the Revolving Credit Exposure of such Lender at such
time; it being understood and agreed that any Lender’s Swingline Exposure shall not be deemed to be
a component of the Revolving Credit Exposure for purposes of calculating the commitment fee under
Section 2.12(a).

          “Banking Services” means each and any of the following bank services provided to the
Borrower or any Subsidiary by any Lender or any of its Affiliates: (a) credit cards for commercial
customers (including, without limitation, commercial credit cards and purchasing cards), (b) stored
value cards and (c) treasury management services (including, without limitation, controlled
disbursement, automated clearinghouse transactions, return items, overdrafts and interstate
depository network services).

          “Banking Services Agreement” means any agreement entered into by the Borrower or any
Subsidiary in connection with Banking Services.

          “Banking Services Obligations” means any and all obligations of the Borrower or any
Subsidiary, whether absolute or contingent and howsoever and whensoever created, arising, evidenced
or acquired (including all renewals, extensions and modifications thereof and substitutions
therefor) in connection with Banking Services.

          “Bankruptcy Event” means, with respect to any Person, such Person becomes the subject
of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee,
administrator,

3

 

custodian, assignee for the benefit of creditors or similar Person charged with the
reorganization or liquidation of its business appointed for it, or, in the good faith determination
of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to,
approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy
Event shall not result solely by virtue of any ownership interest, or the acquisition of any
ownership interest, in such Person by a Governmental Authority or instrumentality thereof,
provided, further, that such ownership interest does not result in or provide such Person with
immunity from the jurisdiction of courts within the United States or from the enforcement of
judgments or writs of attachment on its assets or permit such Person (or such Governmental
Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or
agreements made by such Person.

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

          “Borrower” means Blackboard Inc., a Delaware corporation.

          “Borrowing” means (a) Revolving Loans of the same Type, made, converted or continued
on the same date and, in the case of Eurocurrency Loans, as to which a single Interest Period is in
effect, (b) a Swingline Loan or (c) with respect to an Incremental Term Loan, an Incremental Term
Loan of the same Class made, converted or continued on the same date.

          “Borrowing Request” means a request by the Borrower for a Revolving Borrowing in
accordance with Section 2.03.

          “Burdensome Restrictions” means any consensual encumbrance or restriction of the type
described in clause (a) or (b) of Section 6.08.

          “Business Day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to remain closed;
provided that, when used in connection with a Eurocurrency Loan, the term “Business
Day” shall also exclude any day on which banks are not open for dealings in the relevant Agreed
Currency in the London interbank market or the principal financial center of such Agreed Currency
(and, if the Borrowings or LC Disbursements which are the subject of a borrowing, drawing, payment,
reimbursement or rate selection are denominated in euro, the term “Business Day” shall also exclude
any day on which the TARGET payment system is not open for the settlement of payments in euro).

          “Capital Lease Obligations” of any Person means the obligations of such Person to pay
rent or other amounts under any lease of (or other arrangement conveying the right to use) real or
personal property, or a combination thereof, which obligations are required to be classified and
accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of
such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

          “Change in Control” means (a) the acquisition of ownership, directly or indirectly,
beneficially or of record, by any Person or group (within the meaning of the Securities Exchange
Act of 1934 and the rules of the SEC thereunder as in effect on the date hereof), of Equity
Interests representing more than 35% of the aggregate ordinary voting power represented by the
issued and outstanding Equity Interests of the Borrower; or (b) occupation of a majority of the
seats (other than vacant seats) on the board of directors of the Borrower by Persons who were
neither (i) nominated by the board of directors of the Borrower nor (ii) appointed by directors so
nominated.

4

 

          “Change in Law” means (a) the adoption of any law, rule or regulation after the date
of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or
application thereof by any Governmental Authority after the date of this Agreement or (c)
compliance by any Lender or the Issuing Bank (or, for purposes of Section 2.15(b), by any lending
office of such Lender or by such Lender’s or the Issuing Bank’s holding company, if any) with any
request, guideline or directive (whether or not having the force of law) of any Governmental
Authority made or issued after the date of this Agreement; provided however, for purposes of this
Agreement, the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules,
guidelines or directives in connection therewith are deemed to have gone into effect and adopted
thirty (30) days after the date of this Agreement.

          “China Joint Venture” shall mean Cernet-Blackboard Information Technology (Beijing)
Co., Ltd., and any successor thereto or resulting from a restructuring thereof.

          “Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan,
or the Loans comprising such Borrowing, are Revolving Loans, Swingline Loans or Incremental Term
Loans.

          “Code” means the Internal Revenue Code of 1986, as amended from time to time.

          “Co-Documentation Agent” means each of PNC Bank, National Association and Wells Fargo
Bank, National Association in its capacity as co-documentation agent for the credit facility
evidenced by this Agreement.

          “Co-Syndication Agent” means each of Citibank, N.A. and Credit Suisse AG, Cayman
Islands Branch in its capacity as co-syndication agent for the credit facility evidenced by this
Agreement.

          “Collateral” means any and all property owned, leased or operated by a Person covered
by the Collateral Documents and any and all other property of any Loan Party, now existing or
hereafter acquired, that may at any time be or become subject to a security interest or Lien in
favor of Administrative Agent, on behalf of itself and the Secured Parties, to secure the Secured
Obligations, other than the Excluded Assets.

          “Collateral Documents” means, collectively, the Security Agreement, the Mortgages and
all other agreements, instruments and documents executed in connection with this Agreement that are
intended to create, perfect or evidence Liens to secure the Secured Obligations, including, without
limitation, all other security agreements, pledge agreements, mortgages, deeds of trust, loan
agreements, notes, guarantees, subordination agreements, pledges, powers of attorney, consents,
assignments, contracts, fee letters, notices, leases, financing statements and all other written
matter whether heretofore, now, or hereafter executed by the Borrower or any of its Material
Domestic Subsidiaries or Pledge Subsidiaries and delivered to the Administrative Agent.

          “Commitment” means, with respect to each Lender, the commitment of such Lender to make
Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder,
expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Credit
Exposure hereunder, as such commitment may be (a) reduced or terminated from time to time pursuant
to Section 2.09, (b) increased from time to time pursuant to Section 2.20 and (c) reduced or
increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04.
The initial amount of each Lender’s Commitment is set forth on Schedule 2.01, or in the
Assignment and Assumption or other documentation contemplated hereby pursuant to which such Lender
shall have assumed its Commitment, as applicable.

5

 

          “Computation Date” is defined in Section 2.04.

          “Consolidated EBITDA” means Consolidated Net Income plus, without duplication, to the
extent deducted from revenues in determining Consolidated Net Income, (i) Consolidated Interest
Expense, (ii) expense for Taxes paid or accrued, (iii) depreciation, (iv) amortization, (v)
extraordinary, unusual or non-recurring non-cash expenses or losses incurred other than in the
ordinary course of business, (vi) non-cash losses, charges or expenses (including any non-cash
write-offs of deferred revenues in connection with Permitted Acquisitions and non-cash expenses
related to stock-based compensation but excluding any write-down of current assets and any such
non-cash losses, charges or expenses to the extent that such loss, charge or expense represents an
accrual of or reserve for a future cash loss, charge or expense), (vii) non-cash losses from
foreign exchange translation adjustments, (viii) in connection with any Permitted Acquisition (A)
all restructuring costs, facilities relocation costs, acquisition integration costs and fees,
including cash severance payments, and fees and expenses paid in connection with such Permitted
Acquisition, all to the extent incurred within twelve (12) months of the completion of such
Permitted Acquisition and in an aggregate amount not to exceed $5,000,000 for such
Permitted Acquisition and (B) any expenses or charges related to any equity offering with
respect to Equity Interests of the Borrower, investment, acquisition, disposition, recapitalization
or the incurrence of Indebtedness permitted under this Agreement, including a permitted refinancing
thereof, and any amendment or modification to the terms of any such transaction, minus, to the
extent included in Consolidated Net Income, (ix) income tax credits and refunds (to the extent not
netted from tax expense), (x) any cash payments made during such period in respect of items
described in clauses (v), (vi) or (vii) above subsequent to the fiscal quarter in which the
relevant non-cash expenses or losses were incurred, (xi) extraordinary, unusual or non-recurring
income or gains realized other than in the ordinary course of business, all calculated for the
Borrower and its Subsidiaries in accordance with GAAP on a consolidated basis and (xii) non-cash
gains from foreign exchange translation adjustments. For the avoidance of doubt, the foregoing
additions to, and subtractions from, Consolidated EBITDA shall not give effect to any items
attributable to the Excluded Subsidiary. For the purposes of calculating Consolidated EBITDA for
any period of four consecutive fiscal quarters (each, a “Reference Period”), (i) if at any
time during such Reference Period the Borrower or any Subsidiary shall have made any sale, transfer
or disposition of property or series of related sales, transfers, or dispositions of property
(other than to any Loan Party), the Consolidated EBITDA for such Reference Period shall be reduced
by an amount equal to the Consolidated EBITDA (if positive) attributable to the property that is
the subject of such sale, transfer or disposition for such Reference Period or increased by an
amount equal to the Consolidated EBITDA (if negative) attributable thereto for such Reference
Period, and (ii) if during such Reference Period the Borrower or any Subsidiary shall have made a
Permitted Acquisition, Consolidated EBITDA for such Reference Period shall be calculated after
giving effect thereto on a Pro Forma Basis as if such Permitted Acquisition occurred on the first
day of such Reference Period but only to the extent of the historical earnings and income (if
positive) attributable to the Person or business acquired pursuant to such Permitted Acquisition.

          “Consolidated Interest Expense” means, with reference to any period, the interest
expense (including without limitation interest expense under Capital Lease Obligations that is
treated as interest in accordance with GAAP) of the Borrower and its Subsidiaries calculated on a
consolidated basis for such period with respect to all outstanding Indebtedness of the Borrower and
its Subsidiaries allocable to such period, minus interest income for such period, in each case in
accordance with GAAP.

          “Consolidated Net Income” means, with reference to any period, the net income (or
loss) of the Borrower and its Subsidiaries calculated in accordance with GAAP on a consolidated
basis (without duplication) for such period; provided that there shall be excluded any
income (or loss) of any Person other than the Borrower or a Subsidiary, but any such income so
excluded may be included in

6

 

such period or any later period to the extent of any cash dividends or
distributions actually paid in the relevant period to the Borrower or any wholly-owned Subsidiary
of the Borrower.

          “Consolidated Senior Indebtedness” means, as of the date of any determination thereof,
Consolidated Total Indebtedness minus (a) the aggregate amount of any unsecured
Indebtedness and (b) the aggregate Subordinated Indebtedness, in each case of the Borrower and its
Subsidiaries.

          “Consolidated Tangible Assets” means, as of any date of determination thereof,
Consolidated Total Assets minus the Intangible Assets of the Borrower and its Subsidiaries on such
date.

          “Consolidated Total Assets” means, as of the date of any determination thereof, total
assets of the Borrower and its Subsidiaries calculated in accordance with GAAP on a consolidated
basis as of such date.

          “Consolidated Total Indebtedness” means at any time the sum, without duplication, of
(a) the aggregate Indebtedness of the Borrower and its Subsidiaries calculated on a consolidated
basis as of such time in accordance with GAAP, (b) the aggregate amount of Indebtedness of the
Borrower and its Subsidiaries relating to the maximum drawing amount of all letters of credit
outstanding and bankers acceptances and (c) Indebtedness of the type referred to in clauses (a) or
(b) hereof of another Person guaranteed by the Borrower or any of its Subsidiaries.

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

          “Convertible Notes” means those certain 3.250% Convertible Senior Notes due 2027
issued pursuant to the terms of the Indenture dated as of June 20, 2007 by and between the Borrower
and U.S. Bank National Association, as trustee.

          “Credit Event” means a Borrowing, the issuance of a Letter of Credit, an LC
Disbursement or any of the foregoing.

          “Credit Party” means the Administrative Agent, the Issuing Bank, the Swingline Lender
or any other Lender.

          “Deemed Dividend Problem” means, with respect to any Foreign Subsidiary, such Foreign
Subsidiary’s accumulated and undistributed earnings and profits being deemed to be repatriated to
the Borrower or the applicable parent Domestic Subsidiary under Section 956 of the Code and the
effect of such repatriation causing materially adverse tax consequences to the Borrower or such
parent Domestic Subsidiary, in each case as determined by the Borrower in its commercially
reasonable judgment acting in good faith and in consultation with its legal and tax advisors.

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

          “Defaulting Lender” means any Lender that (a) has failed, within two Business Days of
the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion
of its participations in Letters of Credit or Swingline Loans or (iii) pay over to any Credit Party
any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such
Lender notifies the Administrative Agent in writing that such failure is the result of such
Lender’s good faith determination that a condition precedent to funding (specifically identified
and including the particular

7

 

default, if any) has not been satisfied, (b) has notified the Borrower
or any Credit Party in writing, or has made a public statement to the effect, that it does not
intend or expect to comply with any of its funding obligations under this Agreement (unless such
writing or public statement indicates that such position is based on such Lender’s good faith
determination that a condition precedent (specifically identified and including the particular
default, if any) to funding a loan under this Agreement cannot be satisfied) or generally under
other agreements in which it commits to extend credit, (c) has failed, within three
Business Days after request by a Credit Party, acting in good faith, to provide a
certification in writing from an authorized officer of such Lender that it will comply with its
obligations (and is financially able to meet such obligations) to fund prospective Loans and
participations in then outstanding Letters of Credit and Swingline Loans under this Agreement,
provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon
such Credit Party’s receipt of such certification in form and substance satisfactory to it and the
Administrative Agent, or (d) has become the subject of a Bankruptcy Event.

          “Dollar Amount” of any currency at any date shall mean (i) the amount of such currency
if such currency is Dollars or (ii) the equivalent in such currency of Dollars if such currency is
a Foreign Currency, calculated on the basis of the Exchange Rate for such currency, on or as of the
most recent Computation Date provided for in Section 2.04.

          “Dollars” or “$” refers to lawful money of the United States of America.

          “Domestic Subsidiary” means a Subsidiary organized under the laws of a jurisdiction
located in the United States of America.

          “Effective Date” means the date on which the conditions specified in Section 4.01 are
satisfied (or waived in accordance with Section 9.02).

          “Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders,
decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into
by any Governmental Authority, relating in any way to the environment, preservation or reclamation
of natural resources, the management, release or threatened release of any Hazardous Material or to
occupational health and safety matters.

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

          “Equity Interests” means shares of capital stock, partnership interests, membership
interests in a limited liability company, beneficial interests in a trust or other equity ownership
interests in a Person, and any warrants, options or other rights entitling the holder thereof to
purchase or acquire any of the foregoing.

          “Equivalent Amount” of any currency with respect to any amount of Dollars at any date
shall mean the equivalent in such currency of such amount of Dollars, calculated on the basis of
the Exchange Rate for such other currency at 11:00 a.m., London time, on the date on or as of which
such amount is to be determined.

8

 

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

          “ERISA Affiliate” means any trade or business (whether or not incorporated) that,
together with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code
or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single
employer under Section 414 of the Code.

          “ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or
the regulations issued thereunder with respect to a Plan (other than an event for which the 30-day
notice period is waived); (b) the failure to satisfy the “minimum funding standard” with respect to
a Plan (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived; (c)
the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for
a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the
Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to
the termination of any Plan; (e) the receipt by the Borrower or any ERISA Affiliate from the PBGC
or a plan administrator of any notice relating to an intention to terminate any Plan or Plans or to
appoint a trustee to administer any Plan; (f) the incurrence by the Borrower or any of its ERISA
Affiliates of any liability with respect to the withdrawal or partial withdrawal of the Borrower or
any of its ERISA Affiliates from any Plan or Multiemployer Plan; or (g) the receipt by the Borrower
or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower or
any ERISA Affiliate of any notice, concerning the imposition upon the Borrower or any of its ERISA
Affiliates of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected
to be, insolvent or in reorganization, within the meaning of Title IV of ERISA.

          “EU” means the European Union.

          “euro” and/or “EUR” means the single currency of the participating member
states of the EU.

          “Eurocurrency”, when used in reference to a currency means an Agreed Currency and when
used in reference to any Loan or Borrowing, means that such Loan, or the Loans comprising such
Borrowing, bears interest at a rate determined by reference to the Adjusted LIBO Rate.

          “Eurocurrency Payment Office” of the Administrative Agent shall mean, for each Foreign
Currency, the office, branch, affiliate or correspondent bank of the Administrative Agent for such
currency as specified from time to time by the Administrative Agent to the Borrower and each
Lender.

          “Event of Default” has the meaning assigned to such term in Article VII.

          “Exchange Rate” means, on any day, with respect to any Foreign Currency, the rate at
which such Foreign Currency may be exchanged into Dollars, as set forth at approximately 11:00
a.m., Local Time, on such date on the Reuters World Currency Page for such Foreign Currency. In
the event that such rate does not appear on any Reuters World Currency Page, the Exchange Rate with
respect to such Foreign Currency shall be determined by reference to such other publicly available
service for displaying exchange rates as may be reasonably selected by the Administrative Agent or,
in the event no such service is selected, such Exchange Rate shall instead be calculated on the
basis of the arithmetical mean of the buy and sell spot rates of exchange of the Administrative
Agent for such Foreign Currency on the London market at 11:00 a.m., Local Time, on such date for
the purchase of Dollars with such Foreign Currency, for delivery two Business Days later;
provided, that if at the time of any such determination, for any reason, no such spot rate
is being quoted, the Administrative Agent, after consultation with the

9

 

Borrower, may use any reasonable method it deems appropriate to determine such rate, and such
determination shall be conclusive absent manifest error.

          “Excluded Assets” means the collective reference to (a) all Equity Interests in excess
of the Applicable Pledge Percentage in any Foreign Subsidiary that is a Pledge Subsidiary, (b) any
Equity Interests in any Foreign Subsidiary which is not a Pledge Subsidiary, (c) all lease,
license, property or other contractual rights to the extent and for so long as the grant of a
security interest therein would violate applicable law or the terms of the agreement under which
such rights arise or exist (other than to the extent such applicable law or term would be rendered
ineffective or unenforceable pursuant to the Uniform Commercial Code of any relevant jurisdiction
or any other applicable law), provided that any such lease, license, property or other contractual
right will be an Excluded Asset only to the extent and for so long as the violation will result and
will cease to be an Excluded Asset and will become subject to the Lien granted under the Security
Agreement, immediately and automatically, at such time as such violation will no longer result; (d)
rights under governmental licenses and authorizations to the extent and for so long as the grant of
a security interest therein is prohibited by law; (e) any intent-to-use trademark or service mark
application prior to the filing of a statement of use or amendment to allege use, or any other
intellectual property, to the extent that applicable law or regulation prohibits the creation of a
security interest or would otherwise result in the loss of rights from the creation of such
security interest or from the assignment of such rights; and (f) equity interests in any
corporation, partnership or limited liability company that is not wholly-owned by one or more of
the Borrower and its Subsidiaries to the extent that and for so long as the grant of a security
interest therein would violate the terms of any agreement among the shareholders, partners or
member, as applicable, of any such Person (other than to the extent such violation would be
rendered ineffective or unenforceable pursuant to the Uniform Commercial Code of any relevant
jurisdiction or any other applicable law), provided that any such ownership interest will be an
Excluded Asset only to the extent and for so long as the violation will result and will cease to be
an Excluded Asset and will become subject to the Lien granted under the Security Agreement,
immediately and automatically, at such time as such violation will no longer result.

          “Excluded Subsidiary” means the China Joint Venture in the event the China Joint
Venture qualifies as a subsidiary of the Borrower.

          “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, the
Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of
the Borrower hereunder, (a) taxes imposed on (or measured by) its net income (or franchise, gross
receipts or similar taxes, in each case imposed in lieu of a net income tax) by the United States
of America, or by the jurisdiction under the laws of which such recipient is organized or in which
its principal office is located or, in the case of any Lender, in which its applicable lending
office is located, or otherwise as a result of a present or former connection between such
recipient and the jurisdiction imposing such Tax other than a connection arising solely from the
recipient having executed, delivered or performed its obligations under or received payments under
or enforced this Agreement or any other Loan Document, (b) any branch profits taxes imposed by the
United States of America or any similar tax imposed by any other jurisdiction in which the Borrower
is located (c) in the case of a Foreign Lender (other than an assignee pursuant to a request by the
Borrower under Section 2.19(b)), any withholding tax that is imposed on amounts payable to such
Foreign Lender at the time such Foreign Lender becomes a party to this Agreement (or designates a
new lending office) or is attributable to such Foreign Lender’s failure to comply with
Section
2.17(e), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at
the time of designation of a new lending office (or assignment), to receive additional amounts
from the Borrower with respect to such withholding tax pursuant to Section 2.17(a), (d) any
United States withholding Tax that is imposed on amounts payable to any lender that is a United
States person as defined in Section 7701(a)(30) of the Code that is attributable to such Lender’s
failure to comply with

10

 

Section 2.17(e) and (e) any United States withholding Tax that is imposed by
Sections 1471 -1474 of the Code or any regulations promulgated thereunder.

          “Federal Funds Effective Rate” means, for any day, the weighted average (rounded
upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds
transactions with members of the Federal Reserve System arranged by Federal funds brokers, as
published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such
rate is not so published for any day that is a Business Day, the average (rounded upwards, if
necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received
by the Administrative Agent from three Federal funds brokers of recognized standing selected by it.

          “Financial Officer” means the chief financial officer, principal accounting officer,
treasurer or controller of the Borrower.

          “Financials” means the annual or quarterly financial statements, and accompanying
certificates and other documents, of the Borrower and its Subsidiaries required to be delivered
pursuant to Section 5.01(a) or 5.01(b).

          “First Tier Foreign Subsidiary” means each Foreign Subsidiary with respect to which
any one or more of the Borrower and its Domestic Subsidiaries directly owns or Controls more than
50% of such Foreign Subsidiary’s issued and outstanding Equity Interests.

          “Foreign Currencies” means Agreed Currencies other than Dollars.

          “Foreign Currency Exposure” has the meaning assigned to such term in Section 2.11(b).

          “Foreign Currency LC Exposure” means, at any time, the sum of (a) the Dollar Amount of
the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at
such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of
Foreign Currency Letters of Credit that have not yet been reimbursed at such time.

          “Foreign Currency Letter of Credit” means a Letter of Credit denominated in a Foreign
Currency.

          “Foreign Currency Sublimit” means $25,000,000.

          “Foreign Lender” means any Lender that is organized under the laws of a jurisdiction
other than that in which the Borrower is located and any other Lender that is not a United States
person within the meaning of Section 7701(a)(30) of the Code. For purposes of this definition, the
United States of America, each State thereof and the District of Columbia shall be deemed to
constitute a single jurisdiction.

          “Foreign Subsidiary” means any Subsidiary which is not a Domestic Subsidiary.

          “GAAP” means generally accepted accounting principles in the United States of America.

          “Governmental Authority” means the government of the United States of America, any
other nation or any political subdivision thereof, whether state or local, and any agency,
authority, instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government.

11

 

          “Guarantee” of or by any Person (the “guarantor”) means any obligation,
contingent or otherwise, of the guarantor guaranteeing or having the economic effect of
guaranteeing any Indebtedness or other obligation of any other Person (the “primary
obligor”) in any manner, whether directly or indirectly, and including any obligation of the
guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase
or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds
for the purchase of) any security for the payment thereof, (b) to purchase or lease property,
securities or services for the purpose of assuring the owner of such Indebtedness or other
obligation of the payment thereof, (c) to maintain working capital, equity capital or any other
financial statement condition or liquidity of the primary obligor so as to enable the primary
obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any
letter of credit or letter of guaranty issued to support such Indebtedness or obligation;
provided, that the term Guarantee shall not include endorsements for collection or deposit
in the ordinary course of business.

          “Hazardous Materials” means all explosive or radioactive substances or wastes and all
hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum
distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas,
infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to
any Environmental Law.

          “Increasing Lender” has the meaning assigned to such term in Section 2.20.

          “Incremental Term Loan” has the meaning assigned to such term in Section 2.20.

          “Incremental Term Loan Amendment” has the meaning assigned to such term in Section
2.20.

          “Indebtedness” of any Person means, without duplication, (a) all obligations of such
Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes
or similar instruments, (c) all obligations of such Person upon which interest payments are
customarily paid (other than current accounts payable in the ordinary course of business), (d) all
obligations of such Person under conditional sale or other title retention agreements relating to
property acquired by such Person, (e) all obligations of such Person in respect of the deferred
purchase price of property or services (excluding current accounts payable incurred in the ordinary
course of business), (f) all Indebtedness of others secured by (or for which the holder of such
Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property
owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed,
(g) all Guarantees by such Person of Indebtedness of others, (h) all Capital Lease Obligations of
such Person, (i) all obligations, contingent or otherwise, of such Person as an account party in
respect of letters of credit and letters of guaranty, (j) all obligations, contingent or otherwise,
of such Person in respect of bankers’ acceptances and (k) all obligations of such Person under Sale
and Leaseback Transactions. The Indebtedness of any Person shall include the Indebtedness of any
other entity (including any partnership in which such Person is a general partner) to the extent
such Person is liable therefor as a result of such Person’s ownership interest in or other
relationship with such entity, except to the extent the terms of such Indebtedness provide that
such Person is not liable therefor.
Notwithstanding the foregoing, the term “Indebtedness” will exclude any Indebtedness that has
been defeased or called for redemption, provided that funds in an amount equal to all such
Indebtedness (including interest and any other amounts required to be paid to the holders thereof
in order to give effect to such defeasance or redemption) have been irrevocably deposited with a
trustee for the benefit of the relevant holders of such Indebtedness.

          “Indemnified Taxes” means Taxes other than Excluded Taxes and Other Taxes.

12

 

          “Information Memorandum” means the Confidential Information Memorandum dated July 2010
relating to the Borrower and the Transactions.

          “Intangible Assets” means assets that are considered to be intangible assets under
GAAP, including customer lists, acquired technology, goodwill, copyrights, trade names, trademarks,
patents, franchises, licenses, unamortized deferred charges, and unamortized debt discount, but
excluding computer software and capitalized research and development costs.

          “Interest Coverage Ratio” has the meaning assigned to such term in Section 6.11(c).

          “Interest Election Request” means a request by the Borrower to convert or continue a
Revolving Borrowing in accordance with Section 2.08.

          “Interest Payment Date” means (a) with respect to any ABR Loan (other than a Swingline
Loan), the last day of each March, June, September and December and the Maturity Date, (b) with
respect to any Eurocurrency Loan, the last day of the Interest Period applicable to the Borrowing
of which such Loan is a part and, in the case of a Eurocurrency Borrowing with an Interest Period
of more than three months’ duration, each day prior to the last day of such Interest Period that
occurs at intervals of three months’ duration after the first day of such Interest Period and the
Maturity Date and (c) with respect to any Swingline Loan, the day that such Loan is required to be
repaid and the Maturity Date.

          “Interest Period” means with respect to any Eurocurrency Borrowing, the period
commencing on the date of such Borrowing and ending on the numerically corresponding day in the
calendar month that is one, two, three or six months thereafter, as the Borrower may elect;
provided, that (i) if any Interest Period would end on a day other than a Business Day,
such Interest Period shall be extended to the next succeeding Business Day unless, in the case of a
Eurocurrency Borrowing only, such next succeeding Business Day would fall in the next calendar
month, in which case such Interest Period shall end on the next preceding Business Day and (ii) any
Interest Period pertaining to a Eurocurrency Borrowing that commences on the last Business Day of a
calendar month (or on a day for which there is no numerically corresponding day in the last
calendar month of such Interest Period) shall end on the last Business Day of the last calendar
month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the
date on which such Borrowing is made and, in the case of a Revolving Borrowing, thereafter shall be
the effective date of the most recent conversion or continuation of such Borrowing.

          “Issuing Bank” means JPMorgan Chase Bank, N.A., in its capacity as the issuer of
Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.06(i).
The Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by
Affiliates of
the Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with
respect to Letters of Credit issued by such Affiliate.

          “Japanese Yen” means the lawful currency of Japan.

          “LC Collateral Account” has the meaning assigned to such term in Section 2.06(j).

          “LC Disbursement” means a payment made by the Issuing Bank pursuant to a Letter of
Credit.

          “LC Exposure” means, at any time, the sum of (a) the aggregate undrawn Dollar Amount
of all outstanding Letters of Credit at such time plus (b) the aggregate Dollar Amount of all LC
Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time. The
LC

13

 

Exposure of any Lender at any time shall be its Applicable Percentage of the total LC Exposure
at such time.

          “Lead Arranger” means J.P. Morgan Securities Inc., in its capacity as sole lead
arranger and sole bookrunner for the credit facility evidenced by this Agreement.

          “Lenders” means the Persons listed on Schedule 2.01 and any other Person that
shall have become a Lender hereunder pursuant to Section 2.20 or pursuant to an Assignment and
Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment
and Assumption. Unless the context otherwise requires, the term “Lenders” includes the Swingline
Lender.

          “Letter of Credit” means any letter of credit issued pursuant to this Agreement.

          “Leverage Ratio” has the meaning assigned to such term in Section 6.11(a).

          “LIBO Rate” means, with respect to any Eurocurrency Borrowing for any Interest Period,
the rate appearing on, in the case of Dollars, Reuters Screen LIBOR01 Page and, in the case of any
Foreign Currency, the appropriate page of such service which displays British Bankers Association
Interest Settlement Rates for deposits in such Foreign Currency (or, in each case, on any successor
or substitute page of such service, or any successor to or substitute for such service, providing
rate quotations comparable to those currently provided on such page of such service, as determined
by the Administrative Agent from time to time for purposes of providing quotations of interest
rates applicable to deposits in the relevant Agreed Currency in the London interbank market) at
approximately 11:00 a.m., London time, two (2) Business Days prior to (or, in the case of Loans
denominated in Pounds Sterling, on the day of) the commencement of such Interest Period, as the
rate for deposits in the relevant Agreed Currency with a maturity comparable to such Interest
Period. In the event that such rate is not available at such time for any reason, then the
“LIBO Rate” with respect to such Eurocurrency Borrowing for such Interest Period shall be
the rate at which deposits in the relevant Agreed Currency in an Equivalent Amount of $5,000,000
and for a maturity comparable to such Interest Period are offered by the principal London office of
the Administrative Agent in immediately available funds in the London interbank market at
approximately 11:00 a.m., London time, two (2) Business Days prior to (or, in the case of Loans
denominated in Pounds Sterling, on the day of) the commencement of such Interest Period.

          “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien,
pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the
interest of a vendor
or a lessor under any conditional sale agreement, capital lease or title retention agreement
(or any financing lease having substantially the same economic effect as any of the foregoing)
relating to such asset and (c) in the case of securities, any purchase option, call or similar
right of a third party with respect to such securities.

          “Liquidity” means, at any time the same is to be determined, the sum of (a)
unencumbered cash and Permitted Investments held in the United States by the Borrower and the
Subsidiary Guarantors, plus (b) the Available Revolving Commitment hereunder at such time.

          “Loan Documents” means this Agreement, any promissory notes issued pursuant to Section
2.10(e) of this Agreement, any Letter of Credit applications, the Collateral Documents, the
Subsidiary Guaranty, and all other agreements, instruments, documents and certificates identified
in Section 4.01 executed and delivered to, or in favor of, the Administrative Agent or any Lenders
and including all other pledges, powers of attorney, consents, assignments, contracts, notices,
letter of credit agreements and all other written matter whether heretofore, now or hereafter
executed by or on behalf of any Loan Party, or any employee of any Loan Party, and delivered to the
Administrative Agent or any

14

 

Lender in connection with the Agreement or the transactions
contemplated thereby. Any reference in the Agreement or any other Loan Document to a Loan Document
shall include all appendices, exhibits or schedules thereto, and all amendments, restatements,
supplements or other modifications thereto, and shall refer to the Agreement or such Loan Document
as the same may be in effect at any and all times such reference becomes operative.

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

          “Loans” means the loans made by the Lenders to the Borrower pursuant to this
Agreement.

          “Local Time” means (i) New York City time in the case of a Loan, Borrowing or LC
Disbursement denominated in Dollars and (ii) local time in the case of a Loan, Borrowing or LC
Disbursement denominated in a Foreign Currency (it being understood that such local time shall mean
London, England time unless otherwise notified by the Administrative Agent).

          “Mandatory Cost” is described in Schedule 2.02.

          “Material Adverse Effect” means a material adverse effect on (a) the business, assets,
operations or financial condition of the Borrower and the Subsidiaries taken as a whole or (b) the
validity or enforceability of this Agreement or any and all other Loan Documents or the rights or
remedies of the Administrative Agent and the Lenders thereunder.

          “Material Domestic Subsidiary” means each Domestic Subsidiary (i) which, as of the
most recent fiscal quarter of the Borrower, for the period of four consecutive fiscal quarters then
ended, for which financial statements have been delivered pursuant to Section 5.01, contributed
greater than five percent (5.0%) of the Borrower’s Consolidated EBITDA for such period or (ii)
which contributed greater than five percent (5.0%) of the Borrower’s Consolidated Total Assets as
of such date; provided that, if at any time the aggregate amount of the EBITDA or consolidated
total assets of all Domestic Subsidiaries that are not Material Domestic Subsidiaries exceeds
fifteen percent (15%) of the Borrower’s Consolidated EBITDA for any such period or fifteen percent
(15%) of the Borrower’s Consolidated Total Assets as of
the end of any such fiscal quarter, the Borrower (or, in the event the Borrower has failed to
do so within ten (10) days, the Administrative Agent) shall designate sufficient Domestic
Subsidiaries as “Material Domestic Subsidiaries” to eliminate such excess, and such designated
Subsidiaries shall for all purposes of this Agreement constitute Material Domestic Subsidiaries.

          “Material Indebtedness” means Indebtedness (other than the Loans and Letters of
Credit), or obligations in respect of one or more Swap Agreements, of any one or more of the
Borrower and its Subsidiaries in an aggregate principal amount exceeding $10,000,000. For purposes
of determining Material Indebtedness, the “principal amount” of the obligations of the Borrower or
any Subsidiary in respect of any Swap Agreement at any time shall be the maximum aggregate amount
(giving effect to any netting agreements) that the Borrower or such Subsidiary would be required to
pay if such Swap Agreement were terminated at such time.

          “Maturity Date” means August 4, 2015.

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

          “Mortgage” means each mortgage, deed of trust or other agreement which conveys or
evidences a Lien in favor of the Administrative Agent, for the benefit of the Administrative Agent
and the

15

 

Secured Parties, on real property of a Loan Party, including any amendment, restatement,
modification or supplement thereto.

          “Mortgage Instruments” means such title reports, ALTA title insurance policies (with
endorsements), evidence of zoning compliance, property insurance, flood certifications and flood
insurance, opinions of counsel, ALTA surveys, appraisals, flood certifications (and, if applicable
FEMA form acknowledgements of insurance), environmental assessments and reports, mortgage tax
affidavits and declarations and other similar information and related certifications as are
reasonably requested by, and in form and substance reasonably acceptable to, the Administrative
Agent from time to time.

          “Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of
ERISA to which the Borrower or any ERISA Affiliate makes or is obligated to make contributions.

          “Obligations” means all unpaid principal of and accrued and unpaid interest on the
Loans, all LC Exposure, all accrued and unpaid fees and all expenses, reimbursements, indemnities
and other obligations and indebtedness (including interest accruing during the pendency of any
bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or
allowable in such proceeding), obligations and liabilities of any of the Borrower and its
Subsidiaries to any of the Lenders, the Administrative Agent, the Issuing Bank or any indemnified
party, individually or collectively, existing on the Effective Date or arising thereafter, direct
or indirect, joint or several, absolute or contingent, matured or unmatured, liquidated or
unliquidated, secured or unsecured, arising by contract, operation of law or otherwise, arising or
incurred under this Agreement or any of the other Loan Documents or in respect of any of the Loans
made or reimbursement or other obligations incurred or any of the Letters of Credit or other
instruments at any time evidencing any thereof.

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

          “Overnight Foreign Currency Rate” means, for any amount payable in a Foreign Currency,
the rate of interest per annum as determined by the Administrative Agent at which overnight or
weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three
(3) Business Days, then for such other period of time as the Administrative Agent may elect) for
delivery in immediately available and freely transferable funds would be offered by the
Administrative Agent to major banks in the interbank market upon request of such major banks for
the relevant currency as determined above and in an amount comparable to the unpaid principal
amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or
withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent
bank in respect of such amount in such relevant currency.

          “Parent” means, with respect to any Lender, any Person as to which such Lender is,
directly or indirectly, a subsidiary.

          “Participant” has the meaning set forth in Section 9.04.

          “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA
and any successor entity performing similar functions.

          “Permitted Acquisition” means any acquisition (whether by purchase, merger,
consolidation or otherwise) or series of related acquisitions by the Borrower or any Subsidiary of
(i) all or

16

 

substantially all the assets of or (ii) all or more than fifty percent (50%) of the
Equity Interests in a Person, or division or line of business of a Person, if, at the time of and
immediately after giving effect thereto, (a) no Default has occurred and is continuing or would
arise after giving effect thereto, (b) such Person or division or line of business is engaged in
the same or a similar line of business as the Borrower and the Subsidiaries or business reasonably
related thereto, (c) after giving effect thereto on a pro forma basis reasonably acceptable to the
Administrative Agent after giving effect to such acquisition (but without giving effect to any
synergies or cost savings), (1) the Leverage Ratio is equal to or less than 3.25 to 1.00 and (2)
the Senior Leverage Ratio is equal to or less than 2.25 to 1.00, in each case with such covenants
recomputed as of the last day of the most recently ended fiscal quarter of the Borrower for which
financial statements are available, as if such acquisition (and any related incurrence or repayment
of Indebtedness, with any new Indebtedness being deemed to be amortized over the applicable testing
period in accordance with its terms) had occurred on the first day of each relevant period for
testing such compliance and, if the aggregate consideration paid in respect of such acquisition
exceeds $25,000,000, the Borrower shall have delivered to the Administrative Agent a certificate of
a Financial Officer of the Borrower to such effect, together with all relevant financial
information, statements and projections reasonably requested by the Administrative Agent and, in
the case of information furnished by the acquired Person or business, available to the Borrower and
(d) in the case of an acquisition or merger involving the Borrower or a Subsidiary, the Borrower or
such Subsidiary is the surviving entity of such merger and/or consolidation.

          “Permitted Encumbrances” means:

     (a) Liens imposed by law for Taxes that are not yet delinquent or are being contested
in compliance with Section 5.04;

     (b) carriers’, warehousemen’s, mechanics’, materialmen’s, servicemen’s, repairmen’s and
other like Liens imposed by law, arising in the ordinary course of business and securing
obligations that are not overdue by more than thirty (30) days or are being contested in
compliance with Section 5.04;

     (c) pledges and deposits (including letters of credit, surety bonds and other escrowed
holdings) made in compliance with workers’ compensation, unemployment insurance and other
social security laws or regulations;

     (d) Liens covering cash deposits or pledges to secure the performance of bids, trade
contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and
other obligations of a like nature, in each case in the ordinary course of business;

     (e) judgment Liens in respect of judgments that do not constitute an Event of Default
under clause (k) of Article VII;

     (f) easements, zoning restrictions, licenses, title restrictions, rights-of-way and
similar encumbrances on real property imposed by law or arising in the ordinary course of
business that do not secure any material monetary obligations and do not materially detract
from the value of the affected property or interfere with the ordinary conduct of business
of the Borrower or any Subsidiary;

     (g) minor imperfections in title that do not materially detract from the value of the
affected property or interfere with the ordinary conduct of business of Borrower or any
Subsidiary; and

17

 

     (h) bankers’ liens and rights of setoff arising by operation of law and contractual
rights of setoff or any contractual Liens or netting rights in favor of the relevant
depository institutions in connection with any cash management services provided to the
Borrower and its Subsidiaries;

provided that the term “Permitted Encumbrances” shall not include any Lien securing
Indebtedness.

          “Permitted Investments” means:

     (a) direct obligations of, or obligations the principal of and interest on which are
unconditionally guaranteed by, the United States of America (or by any agency thereof to the
extent such obligations are backed by the full faith and credit of the United States of
America), in each case maturing within one year from the date of acquisition thereof or
obligations of any State of the United States of America or any political subdivision
thereof, the interest with respect to which is exempt from federal income taxation under
Section 103 of the Code, having a long term rating from S&P of AA or better, or from Moody’s
of Aa2 or better, and maturing within one year from the date of acquisition thereof;

     (b) investments in commercial paper maturing within 270 days from the date of
acquisition thereof and having, at such date of acquisition, a short term credit rating from
S&P of A-1 or better, or from Moody’s of P-1 or better;

     (c) investments in certificates of deposit, banker’s acceptances and time deposits
maturing within 180 days from the date of acquisition thereof issued or guaranteed by or
placed with, and money market deposit accounts issued or offered by, any domestic office of
any commercial bank organized under the laws of the United States of America or any State
thereof which has a combined capital and surplus and undivided profits of not less than
$500,000,000;

     (d) fully collateralized repurchase agreements with a term of not more than thirty
(30) days for securities described in clause (a) above and entered into with a financial
institution satisfying the criteria described in clause (c) above;

     (e) money market funds that (i) comply with the criteria set forth in SEC Rule 2a-7
under the Investment Company Act of 1940, (ii) are rated AAA by S&P and Aaa by Moody’s and
(iii) have portfolio assets of at least $5,000,000,000; and

     (f) in the case of investments by any Foreign Subsidiary, (i) investments in
certificates of deposit, bankers’ acceptances, time deposits and similar bank obligations in
the ordinary course of business and generally consistent with past practice to the extent
placed with any well-capitalized commercial bank or financial institution which is located
in the jurisdiction where such Foreign Subsidiary is located and (ii) other investments of a
nature substantially similar and of similar credit quality to the investments described
above to the extent made in the ordinary course of business and generally consistent with
past practice in the jurisdiction in which such Foreign Subsidiary is located.

          “Permitted Lien” means a Lien permitted under Section 6.02.

          “Permitted Qualifying Indebtedness” means unsecured Indebtedness of the Borrower;
provided that (i) both immediately prior to and after giving effect (including pro forma
effect) thereto, no Default or Event of Default shall exist or result therefrom, (ii) such
Indebtedness matures after, and does not require any scheduled amortization or other scheduled
payments of principal prior to, the date that is 91 days after the Maturity Date (it being
understood that any provision requiring an offer to purchase such

18

 

Indebtedness as a result of a
change of control or sale of all or substantially all, or a substantial portion, of assets shall
not violate the foregoing restriction), (iii) such Indebtedness is not guaranteed by any Subsidiary
of the Borrower other than any Subsidiary Guarantor (which guarantees, if such Indebtedness is
Subordinated Indebtedness, shall be expressly subordinated to the Obligations on terms reasonably
acceptable to the Administrative Agent) and (iv) if any such Indebtedness is Subordinated
Indebtedness, the terms of such subordination shall be reasonably acceptable to the Administrative
Agent.

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

          “Plan” means any employee pension benefit plan (other than a Multiemployer Plan)
subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA,
and
in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated,
would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of
ERISA.

          “Pledge Subsidiary” means (i) each Domestic Subsidiary and (ii) each First Tier
Foreign Subsidiary.

          “Pounds Sterling” means the lawful currency of the United Kingdom.

          “Prime Rate” means the rate of interest per annum publicly announced from time to time
by JPMorgan Chase Bank, N.A. as its prime rate in effect at its principal office in New York City;
each change in the Prime Rate shall be effective from and including the date such change is
publicly announced as being effective.

          “Pro Forma Basis” means, with respect to any event, that the Borrower is in compliance
on a pro forma basis with the applicable covenant, calculation or requirement
herein recomputed as if the event with respect to which compliance on a Pro Forma Basis is being
tested had occurred on the first day of the four fiscal quarter period most recently ended on or
prior to such date for which financial statements have been delivered pursuant to Section 5.01.

          “Register” has the meaning set forth in Section 9.04.

          “Related Parties” means, with respect to any specified Person, such Person’s
Affiliates and the respective directors, officers, employees, agents and advisors of such Person
and such Person’s Affiliates.

          “Required Lenders” means, at any time, and subject to Section 2.22, Lenders having
Revolving Credit Exposures and unused Commitments representing more than 50% of the sum of the
total Revolving Credit Exposures and unused Commitments at such time.

          “Restricted Payment” means any dividend or other distribution (whether in cash,
securities or other property) with respect to any Equity Interests in the Borrower or any
Subsidiary, or any payment (whether in cash, securities or other property), including any sinking
fund or similar deposit, on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of any such Equity Interests in the Borrower or any Subsidiary or any
option, warrant or other right to acquire any such Equity Interests in the Borrower or any
Subsidiary.

          “Revolving Credit Exposure” means, with respect to any Lender at any time, the sum of
the outstanding principal amount of such Lender’s Revolving Loans and its LC Exposure and Swingline
Exposure at such time.

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          “Revolving Loan” means a Loan made pursuant to Section 2.01.

          “S&P” means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services
LLC business.

          “Sale and Leaseback Transaction” means any sale or other transfer of any property or
asset by any Person with the intent to lease such property or asset as lessee.

          “SEC” means the United States Securities and Exchange Commission.

          “Secured Obligations” means all Obligations, together with all Swap Obligations and
Banking Services Obligations owing to one or more Lenders or their respective Affiliates.

          “Secured Parties” means the holders of the Secured Obligations from time to time and
shall include (i) each Lender and the Issuing Bank in respect of its Loans and LC Exposure
respectively, (ii) the Administrative Agent, the Issuing Bank and the Lenders in respect of all
other present and future obligations and liabilities of the Borrower and each Subsidiary of every
type and description arising under or in connection with this Agreement or any other Loan Document,
(iii) each Lender and affiliate of such Lender in respect of Swap Obligations and Banking Services
Obligations, (iv) each indemnified party under Section 9.03 in respect of the obligations and
liabilities of the Borrower to such Person hereunder and under the other Loan Documents, and (v)
their respective successors and (in the case of a Lender, permitted) transferees and assigns.

          “Security Agreement” means that certain Pledge and Security Agreement (including any
and all supplements thereto), dated as of the date hereof, between the Loan Parties and the
Administrative Agent, for the benefit of the Administrative Agent and the other Secured Parties,
and any other pledge or security agreement entered into, after the date of this Agreement by any
other Loan Party (as required by this Agreement or any other Loan Document), or any other Person,
as the same may be amended, restated or otherwise modified from time to time.

          “Senior Leverage Ratio” has the meaning assigned to such term in Section 6.11(b).

          “Significant Subsidiary” means each Subsidiary (i) which, as of the most recent fiscal
quarter of the Borrower, for the period of four consecutive fiscal quarters then ended, for which
financial statements have been delivered pursuant to Section 5.01, contributed greater than three
percent (3.0%) of the Borrower’s Consolidated EBITDA for such period or (ii) which contributed
greater than three percent (3.0%) of the Borrower’s Consolidated Total Assets as of such date.

          “Solvent” means, in reference to the Borrower, (i) the fair value, measured on a
going concern basis, of the assets of the Borrower and its Subsidiaries, taken as a whole, will
exceed their debts and liabilities, subordinated, contingent or otherwise; (ii) the present fair
saleable value, measured on a going concern basis, of the property of the Borrower and its
Subsidiaries, taken as a whole, will be greater than the amount that will be required to pay the
probable liability of their debts and other liabilities, subordinated, contingent or otherwise, as
such debts and other liabilities become absolute and matured in the ordinary course of business;
(iii) the Borrower and its Subsidiaries, taken as a whole, will be able to pay their debts and
liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute
and matured; and (iv) the Borrower and its Subsidiaries, taken as a whole, will not have
unreasonably small capital with which to conduct the business in which they are engaged as such
business is now conducted and is proposed to be conducted after the Effective Date.

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          “Statutory Reserve Rate” means, with respect to any currency, a fraction (expressed as
a decimal), the numerator of which is the number one and the denominator of which is the number one
minus the aggregate of the maximum reserve, liquid asset, fees or similar requirements (including
any marginal, special, emergency or supplemental reserves or other requirements) established by any
central bank, monetary authority, the Board, the Financial Services Authority, the European Central
Bank or other Governmental Authority for any category of deposits or liabilities customarily used
to fund loans in such currency, expressed in the case of each such requirement as a decimal. Such
reserve, liquid asset, fees or similar requirements shall, in the case of Dollar denominated Loans,
include those imposed pursuant to Regulation D of the Board. Eurocurrency Loans shall be deemed to
be subject to such reserve, liquid asset, fee or similar requirements without benefit of or credit
for proration, exemptions or offsets that may be available from time to time to any Lender under
any applicable law, rule or regulation, including Regulation D of the Board. The Statutory Reserve
Rate shall be adjusted automatically on and as of the effective date of any change in any reserve,
liquid asset or similar requirement.

          “Subordinated Indebtedness” means any Indebtedness of the Borrower or any Subsidiary
the payment of which is subordinated in right of payment to the obligations under the Loan
Documents.

          “Subordinated Indebtedness Documents” means any document, agreement or instrument
evidencing any Subordinated Indebtedness or entered into in connection with any Subordinated
Indebtedness.

          “subsidiary” means, with respect to any Person (the “parent”) at any date, any
corporation, limited liability company, partnership, association or other entity of which
securities or other ownership interests representing more than 50% of the equity or more than 50%
of the ordinary voting power or, in the case of a partnership, more than 50% of the general
partnership interests are, as of such date, owned, Controlled or held.

          “Subsidiary” means any subsidiary of the Borrower. Notwithstanding the foregoing, the
Excluded Subsidiary shall not be treated as a Subsidiary of the Borrower for purposes of the Loan
Documents.

          “Subsidiary Guarantor” means each Material Domestic Subsidiary that is party to the
Subsidiary Guaranty. The Subsidiary Guarantors on the Effective Date are identified as such in
Schedule 3.01 hereto.

          “Subsidiary Guaranty” means that certain Guaranty dated as of the Effective Date
(including any and all supplements thereto) and executed by each Subsidiary Guarantor, as amended,
restated, supplemented or otherwise modified from time to time.

          “Swap Agreement” means any agreement with respect to any swap, forward, future or
derivative transaction or option or similar agreement involving, or settled by reference to, one or
more rates, currencies, commodities, equity or debt instruments or securities, or economic,
financial or pricing indices or measures of economic, financial or pricing risk or value or any
similar transaction or any combination of these transactions; provided that no phantom
stock or similar plan providing for payments only on account of services provided by current or
former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a
Swap Agreement.

          “Swap Obligations” means any and all obligations of the Borrower or any Subsidiary,
whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired
(including all renewals, extensions and modifications thereof and substitutions therefor), under
(a) any and all Swap Agreements permitted hereunder with a Lender or an Affiliate of a Lender at
the time such

21

 

Swap Agreement is entered into, and (b) any and all cancellations, buy backs, reversals,
terminations or assignments of any such Swap Agreement transaction.

          “Swingline Exposure” means, at any time, the aggregate principal amount of all
Swingline Loans outstanding at such time. The Swingline Exposure of any Lender at any time shall
be its Applicable Percentage of the total Swingline Exposure at such time.

          “Swingline Lender” means JPMorgan Chase Bank, N.A., in its capacity as lender of
Swingline Loans hereunder.

          “Swingline Loan” means a Loan made pursuant to Section 2.05.

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

          “Taxes” means any and all present or future taxes, levies, imposts, duties,
deductions, charges or withholdings imposed by any Governmental Authority.

          “Transactions” means the execution, delivery and performance by the Loan Parties of
this Agreement and the other Loan Documents, the borrowing of Loans and other credit extensions,
the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

          “Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of
interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the
Adjusted LIBO Rate or the Alternate Base Rate.

          “UCC” means the Uniform Commercial Code as in effect from time to time in the State of
New York or any other state the laws of which are required to be applied in connection with the
issue of perfection of security interests.

          “Unliquidated Obligations” means, at any time, any Secured Obligations (or portion
thereof) that are contingent in nature or unliquidated at such time, including any Secured
Obligation that is: (i) an obligation to reimburse a bank for drawings not yet made under a letter
of credit issued by it; (ii) any other obligation (including any guarantee) that is contingent in
nature at such time; or (iii) an obligation to provide collateral to secure any of the foregoing
types of obligations.

          “Withdrawal Liability” means liability to a Multiemployer Plan as a result of a
complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of
Subtitle E of Title IV of ERISA.

          SECTION 1.02. Classification of Loans and Borrowings. For purposes of this Agreement,
Loans may be classified and referred to by Class (e.g., a “Revolving Loan”) or by Type
(e.g., a “Eurocurrency Loan”) or by Class and Type (e.g., a “Eurocurrency Revolving
Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Revolving
Borrowing”) or by Type (e.g., a “Eurocurrency Borrowing”) or by Class and Type
(e.g., a “Eurocurrency Revolving Borrowing”).

          SECTION 1.03. Terms Generally. The definitions of terms herein shall apply equally to
the singular and plural forms of the terms defined. Whenever the context may require, any pronoun
shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and

22

 

“including” shall be deemed to be followed by the phrase “without limitation”. The word
“will” shall be construed to have the same meaning and effect as the word “shall”. The word “law”
shall be construed as referring to all statutes, rules, regulations, codes and other laws
(including official rulings and interpretations thereunder having the force of law or with which
affected Persons customarily comply), and all judgments, orders and decrees, of all Governmental
Authorities. Unless the context requires otherwise (a) any definition of or reference to any
agreement, instrument or other document herein shall be construed as referring to such agreement,
instrument or other document as from time to time amended, restated, supplemented or otherwise
modified (subject to any restrictions on such amendments, restatements, supplements or
modifications set forth herein), (b) any definition of or reference to any statute, rule or
regulation shall be construed as referring thereto as from time to time amended, supplemented or
otherwise modified (including by succession of comparable successor laws), (c) any reference herein
to any Person shall be construed to include such Person’s successors and assigns (subject to any
restrictions on assignment set forth herein) and, in the case of any Governmental Authority, any
other Governmental Authority that shall have succeeded to any or all functions thereof, (d) the
words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer
to this Agreement in its entirety and not to any particular provision hereof, (e) all references
herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and
Sections of, and Exhibits and Schedules to, this Agreement and (f) the words “asset” and “property”
shall be construed to have the same meaning and effect and to refer to any and all tangible and
intangible assets and properties, including cash, securities, accounts and contract rights.

          SECTION 1.04. Accounting Terms; GAAP. Except as otherwise expressly provided herein,
all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in
effect from time to time; provided that, if the Borrower notifies the Administrative Agent
that the Borrower requests an amendment to any provision hereof to eliminate the effect of any
change occurring after the date hereof in GAAP or in the application thereof on the operation of
such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders
request an amendment to any provision hereof for such purpose), regardless of whether any such
notice is given before or after such change in GAAP or in the application thereof, then such
provision shall be interpreted on the basis of GAAP as in effect and applied immediately before
such change shall have become effective until such notice shall have been withdrawn or such
provision amended in accordance herewith. Notwithstanding any other provision contained herein,
all terms of an accounting or financial nature used herein shall be construed, and all computations
of amounts and ratios referred to herein shall be made, (i) without giving effect to any election
under Accounting Standards Codification 825-10-25 (previously referred to as Statement of Financial
Accounting Standards 159) (or any other Accounting Standards Codification or Financial Accounting
Standard having a similar result or effect) to value any Indebtedness or other liabilities of the
Borrower or any Subsidiary at “fair value”, as defined therein and (ii) for the avoidance of doubt,
except as provided in the definition of “Consolidated Net Income”, without giving effect to the
financial condition, results and performance of the Excluded Subsidiary.

          SECTION 1.05. Status of Obligations. In the event that the Borrower or any other Loan
Party shall at any time issue or have outstanding any Subordinated Indebtedness, the Borrower shall
take or cause such other Loan Party to take all such actions as shall be necessary to cause the
Secured Obligations to constitute senior indebtedness (however denominated) in respect of such
Subordinated Indebtedness and to enable the Administrative Agent and the Lenders to have and
exercise any payment blockage or other remedies available or potentially available to holders of
senior indebtedness under the terms of such Subordinated Indebtedness. Without limiting the
foregoing, the Obligations are hereby designated as “senior indebtedness” and as “designated senior
indebtedness” and words of similar import under and in respect of any indenture or other agreement
or instrument under which such Subordinated Indebtedness is outstanding and are further given all
such other designations as shall be required under the terms of any such Subordinated Indebtedness
in order that the Lenders may have and exercise any

23

 

payment blockage or other remedies available or potentially available to holders of senior
indebtedness under the terms of such Subordinated Indebtedness.

ARTICLE II

The Credits

          SECTION 2.01. Commitments. Subject to the terms and conditions set forth herein, each
Lender agrees to make Revolving Loans to the Borrower in Agreed Currencies from time to time during
the Availability Period in an aggregate principal amount that will not result in (a) subject to
Sections 2.04 and 2.11(b), the Dollar Amount of such Lender’s Revolving Credit Exposure exceeding
such Lender’s Commitment, (b) subject to Sections 2.04 and 2.11(b), the sum of the Dollar Amount of
the total Revolving Credit Exposures exceeding the lesser of the Aggregate Commitment and the
Adjusted Aggregate Commitment or (c) subject to Sections 2.04 and 2.11(b), the Dollar Amount of the
total outstanding Revolving Loans and LC Exposure, in each case denominated in Foreign Currencies,
exceeding the Foreign Currency Sublimit. Within the foregoing limits and subject to the terms and
conditions set forth herein, the Borrower may borrow, prepay and reborrow Revolving Loans.

          SECTION 2.02. Loans and Borrowings. (a) Each Revolving Loan (other than a Swingline
Loan) shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders
ratably in accordance with their respective Commitments. The failure of any Lender to make any
Loan required to be made by it shall not relieve any other Lender of its obligations hereunder;
provided that the Commitments of the Lenders are several and no Lender shall be responsible
for any other Lender’s failure to make Loans as required. Any Swingline Loan shall be made in
accordance with the procedures set forth in Section 2.05. Incremental Term Loans may be
established as set forth in Section 2.20.

          (b) Subject to Section 2.14, each Revolving Borrowing shall be comprised entirely of ABR Loans
or Eurocurrency Loans as the Borrower may request in accordance herewith; provided that each ABR
Loan shall only be made in Dollars. Each Swingline Loan shall be an ABR Loan. Each Lender at its
option may make any Eurocurrency Loan by causing any domestic or foreign branch or Affiliate of
such Lender to make such Loan (and in the case of an Affiliate, the provisions of Sections 2.14,
2.15, 2.16 and 2.17 shall apply to such Affiliate to the same extent as to such Lender);
provided that any exercise of such option shall not affect the obligation of the Borrower
to repay such Loan in accordance with the terms of this Agreement.

          (c) At the commencement of each Interest Period for any Eurocurrency Revolving Borrowing, such
Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 (or, if such
Borrowing is denominated in (i) Japanese Yen, JPY 100,000,000 or (ii) a Foreign Currency other than
Japanese Yen, 1,000,000 units of such currency) and not less than $5,000,000 (or, if such Borrowing
is denominated in (i) Japanese Yen, JPY 500,000,000 or (ii) a Foreign Currency other than Japanese
Yen, 5,000,000 units of such currency). At the time that each ABR Revolving Borrowing is made,
such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not
less than $5,000,000; provided that an ABR Revolving Borrowing may be in an aggregate
amount that is equal to the entire unused balance of the lesser of the Aggregate Commitment and the
Adjusted Aggregate Commitment or that is required to finance the reimbursement of an LC
Disbursement as contemplated by Section 2.06(e). Each Swingline Loan shall be in an amount that is
an integral multiple of $1,000,000 and not less than $5,000,000. Borrowings of more than one Type
and Class may be outstanding at the same time; provided that there shall not at any time be
more than a total of five (5) Eurocurrency Revolving Borrowings outstanding.

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          (d) Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled
to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with
respect thereto would end after the Maturity Date.

          SECTION 2.03. Requests for Revolving Borrowings. To request a Revolving Borrowing,
the Borrower shall notify the Administrative Agent of such request (a) by irrevocable written
notice (via a written Borrowing Request in a form approved by the Administrative Agent and signed
by the Borrower, promptly followed by telephonic confirmation of such request) in the case of a
Eurocurrency Borrowing, not later than 12:00 noon, Local Time, three (3) Business Days (in the case
of a Eurocurrency Borrowing denominated in Dollars) or by irrevocable written notice (via a written
Borrowing Request in a form approved by the Administrative Agent and signed by the Borrower) not
later than four (4) Business Days (in the case of a Eurocurrency Borrowing denominated in a Foreign
Currency), in each case before the date of the proposed Borrowing or (b) by telephone in the case
of an ABR Borrowing, not later than 12:00 noon, New York City time, one (1) Business Day before the
date of the proposed Borrowing; provided that any such notice of an ABR Revolving Borrowing
to finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e) may be given
not later than 10:00 a.m., New York City time, on the date of the proposed Borrowing. Each such
telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery
or telecopy to the Administrative Agent of a written Borrowing Request in a form approved by the
Administrative Agent and signed by the Borrower. Each such telephonic and written Borrowing
Request shall specify the following information in compliance with Section 2.02:

     (i) the aggregate amount of the requested Borrowing;

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

     (iii) whether such Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing;

     (iv) in the case of a Eurocurrency Borrowing, the Agreed Currency and initial Interest
Period to be applicable thereto, which shall be a period contemplated by the definition of
the term “Interest Period”; and

     (v) the location and number of the Borrower’s account to which funds are to be
disbursed, which shall comply with the requirements of Section 2.07.

If no election as to the Type of Revolving Borrowing is specified, then, in the case of a Borrowing
denominated in Dollars, the requested Revolving Borrowing shall be an ABR Borrowing. If no
Interest Period is specified with respect to any requested Eurocurrency Revolving Borrowing, then
the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly
following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent
shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made
as part of the requested Borrowing.

          SECTION 2.04. Determination of Dollar Amounts. The Administrative Agent will
determine the Dollar Amount of:

          (a) each Eurocurrency Borrowing as of the date two (2) Business Days prior to the date of such
Borrowing or, if applicable, the date of conversion/continuation of any Borrowing as a Eurocurrency
Borrowing,

25

 

          (b) the LC Exposure as of the date of each request for the issuance, amendment, renewal or
extension of any Letter of Credit, and

          (c) all outstanding Credit Events on and as of the last Business Day of each calendar quarter
and, during the continuation of an Event of Default, on any other Business Day elected by the
Administrative Agent in its discretion or upon instruction by the Required Lenders.

Each day upon or as of which the Administrative Agent determines Dollar Amounts as described in the
preceding clauses (a), (b) and (c) is herein described as a “Computation Date” with respect to each
Credit Event for which a Dollar Amount is determined on or as of such day.

          SECTION 2.05. Swingline Loans. (a) Subject to the terms and conditions set forth
herein, the Swingline Lender agrees to make Swingline Loans in Dollars to the Borrower from time to
time during the Availability Period, in an aggregate principal amount at any time outstanding that
will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding
$5,000,000 or (ii) the Dollar Amount of the total Revolving Credit Exposures exceeding the lesser
of the Aggregate Commitment and the Adjusted Aggregate Commitment; provided that the
Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding
Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth
herein, the Borrower may borrow, prepay and reborrow Swingline Loans.

          (b) To request a Swingline Loan, the Borrower shall notify the Administrative Agent of such
request by telephone (confirmed by telecopy), not later than 1:00 p.m., New York City time, on the
day of a proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the
requested date (which shall be a Business Day) and amount of the requested Swingline Loan. The
Administrative Agent will promptly advise the Swingline Lender of any such notice received from the
Borrower. The Swingline Lender shall make each Swingline Loan available to the Borrower by means
of a credit to the general deposit account of the Borrower with the Swingline Lender (or, in the
case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in
Section 2.06(e), by remittance to the Issuing Bank) by 3:00 p.m., New York City time, on the
requested date of such Swingline Loan.

          (c) The Swingline Lender may by written notice given to the Administrative Agent not later
than 10:00 a.m., New York City time, on any Business Day require the Lenders to acquire
participations on such Business Day in all or a portion of the Swingline Loans outstanding. Such
notice shall specify the aggregate amount of Swingline Loans in which Lenders will participate.
Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each
Lender, specifying in such notice such Lender’s Applicable Percentage of such Swingline Loan or
Loans. Each Lender hereby absolutely and unconditionally agrees, upon receipt of notice as
provided above, to pay to the Administrative Agent, for the account of the Swingline Lender, such
Lender’s Applicable Percentage of such Swingline Loan or Loans. Each Lender acknowledges and
agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph
is absolute and unconditional and shall not be affected by any circumstance whatsoever, including
the occurrence and continuance of a Default or reduction or termination of the Commitments, and
that each such payment shall be made without any offset, abatement, withholding or reduction
whatsoever. Each Lender shall comply with its obligation under this paragraph by wire transfer of
immediately available funds, in the same manner as provided in Section 2.07 with respect to Loans
made by such Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment
obligations of the Lenders), and the Administrative Agent shall promptly pay to the Swingline
Lender the amounts so received by it from the Lenders. The Administrative Agent shall notify the
Borrower of any participations in any Swingline Loan acquired pursuant to this paragraph, and
thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and
not to the Swingline Lender. Any amounts received by the Swingline Lender from the Borrower (or
other

26

 

party on behalf of the Borrower) in respect of a Swingline Loan after receipt by the Swingline
Lender of the proceeds of a sale of participations therein shall be promptly remitted to the
Administrative Agent; any such amounts received by the Administrative Agent shall be promptly
remitted by the Administrative Agent to the Lenders that shall have made their payments pursuant to
this paragraph and to the Swingline Lender, as their interests may appear; provided that
any such payment so remitted shall be repaid to the Swingline Lender or to the Administrative
Agent, as applicable, if and to the extent such payment is required to be refunded to the Borrower
for any reason. The purchase of participations in a Swingline Loan pursuant to this paragraph
shall not relieve the Borrower of any default in the payment thereof.

          SECTION 2.06. Letters of Credit. (a) General. Subject to the terms and
conditions set forth herein, the Borrower may request the issuance of Letters of Credit denominated
in Agreed Currencies for its own account or the account of any Subsidiary, in a form reasonably
acceptable to the Administrative Agent and the Issuing Bank, at any time and from time to time
during the Availability Period. In the event of any inconsistency between the terms and conditions
of this Agreement and the terms and conditions of any form of letter of credit application or other
agreement submitted by the Borrower to, or entered into by the Borrower with, the Issuing Bank
relating to any Letter of Credit, the terms and conditions of this Agreement shall control.

          (b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request
the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter
of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication,
if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the
Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal
or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of
Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal
or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire
(which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the
Agreed Currency applicable thereto, the name and address of the beneficiary thereof and such other
information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If
requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the
Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of
Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal
or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that),
after giving effect to such issuance, amendment, renewal or extension (i) subject to Sections 2.04
and 2.11(b), the Dollar Amount of the LC Exposure shall not exceed $15,000,000, (ii) subject to
Sections 2.04 and 2.11(b), the sum of the Dollar Amount of the total Revolving Credit Exposures
shall not exceed the lesser of the Aggregate Commitment and the Adjusted Aggregate Commitment and
(iii) subject to Sections 2.04 and 2.11(b), the Dollar Amount of the total outstanding Revolving
Loans and LC Exposure, in each case denominated in Foreign Currencies, shall not exceed the Foreign
Currency Sublimit.

          (c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of
business on the earlier of (i) the date one year after the date of the issuance of such Letter of
Credit (or, in the case of any renewal or extension thereof, one year after such renewal or
extension) and (ii) the date that is five (5) Business Days prior to the Maturity Date.

          (d) Participations. By the issuance of a Letter of Credit (or an amendment to a
Letter of Credit increasing the amount thereof) and without any further action on the part of the
Issuing Bank or the Lenders, the Issuing Bank hereby grants to each Lender, and each Lender hereby
acquires from the Issuing Bank, a participation in such Letter of Credit equal to such Lender’s
Applicable Percentage of the aggregate Dollar Amount available to be drawn under such Letter of
Credit. In consideration and in furtherance of the foregoing, each Lender hereby absolutely and
unconditionally agrees to pay to the

27

 

Administrative Agent, for the account of the Issuing Bank, such Lender’s Applicable Percentage
of each LC Disbursement made by the Issuing Bank and not reimbursed by the Borrower on the date due
as provided in paragraph (e) of this Section, or of any reimbursement payment required to be
refunded to the Borrower for any reason. Each Lender acknowledges and agrees that its obligation
to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute
and unconditional and shall not be affected by any circumstance whatsoever, including any
amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a
Default or reduction or termination of the Commitments, and that each such payment shall be made
without any offset, abatement, withholding or reduction whatsoever.

          (e) Reimbursement. If the Issuing Bank shall make any LC Disbursement in respect of a
Letter of Credit, the Borrower shall reimburse such LC Disbursement by paying to the Administrative
Agent in Dollars the Dollar Amount equal to such LC Disbursement, calculated as of the date the
Issuing Bank made such LC Disbursement (or if the Issuing Bank shall so elect in its sole
discretion by notice to the Borrower, in such other Agreed Currency which was paid by the Issuing
Bank pursuant to such LC Disbursement in an amount equal to such LC Disbursement) not later than
12:00 noon, Local Time, on the date that such LC Disbursement is made, if the Borrower shall have
received notice of such LC Disbursement prior to 10:00 a.m., Local Time, on such date, or, if such
notice has not been received by the Borrower prior to such time on such date, then not later than
12:00 noon, Local Time, on the Business Day immediately following the day that the Borrower
receives such notice, if such notice is not received prior to such time on the day of receipt;
provided that, if such LC Disbursement is not less than the Dollar Amount of $1,000,000,
the Borrower may, subject to the conditions to borrowing set forth herein, request in accordance
with Section 2.03 or 2.05 that such payment be financed with an ABR Revolving Borrowing or
Swingline Loan in an equivalent Dollar Amount of such LC Disbursement and, to the extent so
financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the
resulting ABR Revolving Borrowing or Swingline Loan. If the Borrower fails to make such payment
when due, the Administrative Agent shall notify each Lender of the applicable LC Disbursement, the
payment then due from the Borrower in respect thereof and such Lender’s Applicable Percentage
thereof. Promptly following receipt of such notice, each Lender shall pay to the Administrative
Agent its Applicable Percentage of the payment then due from the Borrower, in the same manner as
provided in Section 2.07 with respect to Loans made by such Lender (and Section 2.07 shall apply,
mutatis mutandis, to the payment obligations of the Lenders), and the
Administrative Agent shall promptly pay to the Issuing Bank the amounts so received by it from the
Lenders. Promptly following receipt by the Administrative Agent of any payment from the Borrower
pursuant to this paragraph, the Administrative Agent shall distribute such payment to the Issuing
Bank or, to the extent that Lenders have made payments pursuant to this paragraph to reimburse the
Issuing Bank, then to such Lenders and the Issuing Bank as their interests may appear. Any payment
made by a Lender pursuant to this paragraph to reimburse the Issuing Bank for any LC Disbursement
(other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not
constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC
Disbursement. If the Borrower’s reimbursement of, or obligation to reimburse, any amounts in any
Foreign Currency would subject the Administrative Agent, the Issuing Bank or any Lender to any
stamp duty, ad valorem charge or similar tax that would not be payable if such reimbursement were
made or required to be made in Dollars, the Borrower shall, at its option, either (x) pay the
amount of any such tax requested by the Administrative Agent, the Issuing Bank or the relevant
Lender or (y) reimburse each LC Disbursement made in such Foreign Currency in Dollars, in an amount
equal to the Equivalent Amount, calculated using the applicable exchange rates, on the date such LC
Disbursement is made, of such LC Disbursement.

          (f) Obligations Absolute. The Borrower’s obligation to reimburse LC Disbursements as
provided in paragraph (e) of this Section shall be absolute, unconditional and irrevocable, and
shall be performed strictly in accordance with the terms of this Agreement under any and all
circumstances

28

 

whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of
Credit or this Agreement, or any term or provision therein, (ii) any draft or other document
presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or
any statement therein being untrue or inaccurate in any respect, (iii) payment by the Issuing Bank
under a Letter of Credit against presentation of a draft or other document that does not comply
with the terms of such Letter of Credit, or (iv) any other event or circumstance whatsoever,
whether or not similar to any of the foregoing, that might, but for the provisions of this Section,
constitute a legal or equitable discharge of, or provide a right of setoff against, the Borrower’s
obligations hereunder. Neither the Administrative Agent, the Lenders nor the Issuing Bank, nor any
of their Related Parties, shall have any liability or responsibility by reason of or in connection
with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment
thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any
error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or
other communication under or relating to any Letter of Credit (including any document required to
make a drawing thereunder), any error in interpretation of technical terms or any consequence
arising from causes beyond the control of the Issuing Bank; provided that the foregoing
shall not be construed to excuse the Issuing Bank from liability to the Borrower to the extent of
any direct damages (as opposed to consequential damages, claims in respect of which are hereby
waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower that are
caused by the Issuing Bank’s failure to exercise care when determining whether drafts and other
documents presented under a Letter of Credit comply with the terms thereof. The parties hereto
expressly agree that, in the absence of gross negligence or willful misconduct on the part of the
Issuing Bank (as finally determined by a court of competent jurisdiction), the Issuing Bank shall
be deemed to have exercised care in each such determination. In furtherance of the foregoing and
without limiting the generality thereof, the parties agree that, with respect to documents
presented which appear on their face to be in substantial compliance with the terms of a Letter of
Credit, the Issuing Bank may, in its sole discretion, either accept and make payment upon such
documents without responsibility for further investigation, regardless of any notice or information
to the contrary, or refuse to accept and make payment upon such documents if such documents are not
in strict compliance with the terms of such Letter of Credit.

          (g) Disbursement Procedures. The Issuing Bank shall, promptly following its receipt
thereof, examine all documents purporting to represent a demand for payment under a Letter of
Credit. The Issuing Bank shall promptly notify the Administrative Agent and the Borrower by
telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Bank has made
or will make an LC Disbursement thereunder; provided that any failure to give or delay in
giving such notice shall not relieve the Borrower of its obligation to reimburse the Issuing Bank
and the Lenders with respect to any such LC Disbursement.

          (h) Interim Interest. If the Issuing Bank shall make any LC Disbursement, then,
unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement
is made, the unpaid amount thereof shall bear interest, for each day from and including the date
such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC
Disbursement, at the rate per annum then applicable to ABR Revolving Loans (or in the case such LC
Disbursement is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such
Agreed Currency plus the then effective Applicable Rate with respect to Eurocurrency
Revolving Loans); provided that, if the Borrower fails to reimburse such LC Disbursement
when due pursuant to paragraph (e) of this Section, then Section 2.13(c) shall apply. Interest
accrued pursuant to this paragraph shall be for the account of the Issuing Bank, except that
interest accrued on and after the date of payment by any Lender pursuant to paragraph (e) of this
Section to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such
payment.

29

 

          (i) Replacement of Issuing Bank. The Issuing Bank may be replaced at any time by
written agreement among the Borrower, the Administrative Agent, the replaced Issuing Bank and the
successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement
of the Issuing Bank. At the time any such replacement shall become effective, the Borrower shall
pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section
2.12(b). From and after the effective date of any such replacement, (i) the successor Issuing Bank
shall have all the rights and obligations of the Issuing Bank under this Agreement with respect to
Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank”
shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor
and all previous Issuing Banks, as the context shall require. After the replacement of an Issuing
Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have
all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of
Credit then outstanding and issued by it prior to such replacement, but shall not be required to
issue additional Letters of Credit.

          (j) Cash Collateralization. If any Event of Default shall occur and be continuing, on
the Business Day that the Borrower receives notice from the Administrative Agent or the Required
Lenders (or, if the maturity of the Loans has been accelerated, Lenders with LC Exposure
representing greater than 50% of the total LC Exposure) demanding the deposit of cash collateral
pursuant to this paragraph, the Borrower shall deposit in an account with the Administrative Agent,
in the name of the Administrative Agent and for the benefit of the Lenders (the “LC Collateral
Account”), an amount in cash equal to 105% of the Dollar Amount of the LC Exposure as of such
date plus any accrued and unpaid interest thereon; provided that (i) the portions of such
amount attributable to undrawn Foreign Currency Letters of Credit or LC Disbursements in a Foreign
Currency that the Borrower is not late in reimbursing shall be deposited in the applicable Foreign
Currencies in the actual amounts of such undrawn Letters of Credit and LC Disbursements and (ii)
the obligation to deposit such cash collateral shall become effective immediately, and such deposit
shall become immediately due and payable, without demand or other notice of any kind, upon the
occurrence of any Event of Default with respect to the Borrower described in clause (h) or (i) of
Article VII. For the purposes of this paragraph, the Foreign Currency LC Exposure shall be
calculated using the applicable Exchange Rate on the date notice demanding cash collateralization
is delivered to the Borrower. The Borrower also shall deposit cash collateral pursuant to this
paragraph as and to the extent required by Section 2.11(b). Such deposit shall be held by the
Administrative Agent as collateral for the payment and performance of the Secured Obligations. The
Administrative Agent shall have exclusive dominion and control, including the exclusive right of
withdrawal, over such account and the Borrower hereby grants the Administrative Agent a security
interest in the LC Collateral Account. Other than any interest earned on the investment of such
deposits, which investments shall be made at the option and sole discretion of the Administrative
Agent and at the Borrower’s risk and expense, such deposits shall not bear interest. Interest or
profits, if any, on such investments shall accumulate in such account. Moneys in such account
shall be applied by the Administrative Agent to reimburse the Issuing Bank for LC Disbursements for
which it has not been reimbursed and, to the extent not so applied, shall be held for the
satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or,
if the maturity of the Loans has been accelerated (but subject to the consent of Lenders with LC
Exposure representing greater than 50% of the total LC Exposure), be applied to satisfy other
Secured Obligations. If the Borrower is required to provide an amount of cash collateral hereunder
as a result of the occurrence of an Event of Default, such amount (to the extent not applied as
aforesaid) shall be returned to the Borrower within three (3) Business Days after all Events of
Default have been cured or waived.

          SECTION 2.07. Funding of Borrowings. (a) Each Lender shall make each Loan to be made
by it hereunder on the proposed date thereof by wire transfer of immediately available funds (i) in
the case of Loans denominated in Dollars, by 12:00 noon, New York City time, to the account of the
Administrative Agent most recently designated by it for such purpose by notice to the Lenders and
(ii) in

30

 

the case of each Loan denominated in a Foreign Currency, by 12:00 noon, Local Time, in the
city of the Administrative Agent’s Eurocurrency Payment Office for such currency and at such
Eurocurrency Payment Office for such currency; provided that Swingline Loans shall be made
as provided in Section 2.05 and Incremental Term Loans shall be made as provided in Section 2.20.
The Administrative Agent will make such Loans available to the Borrower by promptly crediting the
amounts so received, in like funds, to (x) an account of the Borrower maintained with the
Administrative Agent in New York City or Chicago and designated by the Borrower in the applicable
Borrowing Request, in the case of Loans denominated in Dollars and (y) an account of the Borrower
in the relevant jurisdiction and designated by the Borrower in the applicable Borrowing Request, in
the case of Loans denominated in a Foreign Currency; provided that ABR Revolving Loans made
to finance the reimbursement of an LC Disbursement as provided in Section 2.06(e) shall be remitted
by the Administrative Agent to the Issuing Bank.

          (b) Unless the Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Borrowing that such Lender will not make available to the Administrative Agent
such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has
made such share available on such date in accordance with paragraph (a) of this Section and may, in
reliance upon such assumption, make available to the Borrower a corresponding amount. In such
event, if a Lender has not in fact made its share of the applicable Borrowing available to the
Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the
Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each
day from and including the date such amount is made available to the Borrower to but excluding the
date of payment to the Administrative Agent, at (i) in the case of such Lender, the greater of the
Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with
banking industry rules on interbank compensation (including without limitation the Overnight
Foreign Currency Rate in the case of Loans denominated in a Foreign Currency) or (ii) in the case
of the Borrower, the interest rate applicable to ABR Loans. If such Lender pays such amount to the
Administrative Agent, then such amount shall constitute such Lender’s Loan included in such
Borrowing.

          SECTION 2.08. Interest Elections. (a) Each Revolving Borrowing initially shall be of
the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Revolving
Borrowing, shall have an initial Interest Period as specified in such Borrowing Request.
Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue
such Borrowing and, in the case of a Eurocurrency Revolving Borrowing, may elect Interest Periods
therefor, all as provided in this Section. The Borrower may elect different options with respect
to different portions of the affected Borrowing, in which case each such portion shall be allocated
ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising
each such portion shall be considered a separate Borrowing. This Section shall not apply to
Swingline Borrowings, which may not be converted or continued.

          (b) To make an election pursuant to this Section, the Borrower shall notify the Administrative
Agent of such election (by telephone or irrevocable written notice in the case of a Borrowing
denominated in Dollars or by irrevocable written notice (via an Interest Election Request in a form
approved by the Administrative Agent and signed by the Borrower) in the case of a Borrowing
denominated in a Foreign Currency) by the time that a Borrowing Request would be required under
Section 2.03 if the Borrower were requesting a Revolving Borrowing of the Type resulting from such
election to be made on the effective date of such election. Each such telephonic Interest Election
Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the
Administrative Agent of a written Interest Election Request in a form approved by the
Administrative Agent and signed by the Borrower. Notwithstanding any contrary provision herein,
this Section shall not be construed to permit the Borrower to (i) change the currency of any
Borrowing, (ii) elect an Interest Period for

31

 

Eurocurrency Loans that does not comply with Section 2.02(d) or (iii) convert any Borrowing to
a Borrowing of a Type not available under such Borrowing.

          (c) Each telephonic and written Interest Election Request shall specify the following
information in compliance with Section 2.02:

     (i) the Borrowing to which such Interest Election Request applies and, if different
options are being elected with respect to different portions thereof, the portions thereof
to be allocated to each resulting Borrowing (in which case the information to be specified
pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing);

     (ii) the effective date of the election made pursuant to such Interest Election
Request, which shall be a Business Day;

     (iii) whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency
Borrowing; and

     (iv) if the resulting Borrowing is a Eurocurrency Borrowing, the Interest Period and
Agreed Currency to be applicable thereto after giving effect to such election, which
Interest Period shall be a period contemplated by the definition of the term “Interest
Period”.

If any such Interest Election Request requests a Eurocurrency Borrowing but does not specify an
Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one
month’s duration.

          (d) Promptly following receipt of an Interest Election Request, the Administrative Agent shall
advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing.

          (e) If the Borrower fails to deliver a timely Interest Election Request with respect to a
Eurocurrency Revolving Borrowing prior to the end of the Interest Period applicable thereto, then,
unless such Borrowing is repaid as provided herein, at the end of such Interest Period (i) in the
case of a Borrowing denominated in Dollars, such Borrowing shall be converted to an ABR Borrowing
and (ii) in the case of a Borrowing denominated in a Foreign Currency in respect of which the
Borrower shall have failed to deliver an Interest Election Request prior to the third
(3rd) Business Day preceding the end of such Interest Period, such Borrowing shall
automatically continue as a Eurocurrency Borrowing in the same Agreed Currency with an Interest
Period of one month unless such Eurocurrency Borrowing is or was repaid in accordance with Section
2.11. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is
continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the
Borrower, then, so long as an Event of Default is continuing (i) no outstanding Revolving Borrowing
may be converted to or continued as a Eurocurrency Borrowing and (ii) unless repaid, each
Eurocurrency Revolving Borrowing shall be converted to an ABR Borrowing (and any such Eurocurrency
Revolving Borrowing denominated in a Foreign Currency shall be redenominated in Dollars at the time
of such conversion) at the end of the Interest Period applicable thereto.

          SECTION 2.09. Termination and Reduction of Commitments. (a) Unless previously
terminated, the Commitments shall terminate on the Maturity Date.

          (b) The Borrower may at any time terminate, or from time to time reduce, the Commitments;
provided that (i) each reduction of the Commitments shall be in an amount that is an
integral multiple of $5,000,000 and not less than $10,000,000 and (ii) the Borrower shall not
terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the
Loans in accordance

32

 

with Section 2.11, the Dollar Amount of the sum of the Revolving Credit Exposures would exceed
the Aggregate Commitment.

          (c) The Borrower shall notify the Administrative Agent of any election to terminate or reduce
the Commitments under paragraph (b) of this Section at least three (3) Business Days prior to the
effective date of such termination or reduction, specifying such election and the effective date
thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the
Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section
shall be irrevocable; provided that a notice of termination of the Commitments delivered by
the Borrower may state that such notice is conditioned upon the effectiveness of other credit
facilities, in which case such notice may be revoked by the Borrower (by notice to the
Administrative Agent on or prior to the specified effective date) if such condition is not
satisfied. Any termination or reduction of the Commitments shall be permanent. Each reduction of
the Commitments shall be made ratably among the Lenders in accordance with their respective
Commitments.

          SECTION 2.10. Repayment of Loans; Evidence of Debt. (a)The Borrower hereby
unconditionally promises to pay (i) to the Administrative Agent for the account of each Lender the
then unpaid principal amount of each Revolving Loan on the Maturity Date in the currency of such
Loan and (ii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan on
the earlier of the Maturity Date and the first date after such Swingline Loan is made that is the
15th or last day of a calendar month and is at least two (2) Business Days after such Swingline
Loan is made; provided that on each date that a Revolving Borrowing is made, the Borrower
shall repay all Swingline Loans then outstanding.

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

          (c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount
of each Loan made hereunder, the Class, Agreed Currency and Type thereof and the Interest Period
applicable thereto, (ii) the amount of any principal or interest due and payable or to become due
and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by
the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof.

          (d) The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this
Section shall be prima facie evidence (absent manifest error) of the existence and
amounts of the obligations recorded therein; provided that the failure of any Lender or the
Administrative Agent to maintain such accounts or any error therein shall not in any manner affect
the obligation of the Borrower to repay the Loans in accordance with the terms of this Agreement.

          (e) Any Lender may request that Loans made by it be evidenced by a promissory note. In such
event, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to
the order of such Lender (or, if requested by such Lender, to such Lender and its registered
assigns) and in a form approved by the Administrative Agent. Thereafter, the Loans evidenced by
such promissory note and interest thereon shall at all times (including after assignment pursuant
to Section 9.04) be represented by one or more promissory notes in such form payable to the order
of the payee named therein (or, if such promissory note is a registered note, to such payee and its
registered assigns).

          SECTION 2.11. Prepayment of Loans.

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          (a) The Borrower shall have the right at any time and from time to time to prepay any
Borrowing in whole or in part, subject to prior notice in accordance with the provisions of this
Section 2.11(a). The Borrower shall notify the Administrative Agent (and, in the case of
prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy) of any
prepayment hereunder (i) in the case of prepayment of a Eurocurrency Revolving Borrowing, not later
than 11:00 a.m., Local Time, three (3) Business Days (in the case of a Eurocurrency Borrowing
denominated in Dollars) or four (4) Business Days (in the case of a Eurocurrency Borrowing
denominated in a Foreign Currency), in each case before the date of prepayment, (ii) in the case of
prepayment of an ABR Revolving Borrowing, not later than 12:00 noon, New York City time, one (1)
Business Day before the date of prepayment or (iii) in the case of prepayment of a Swingline Loan,
not later than 12:00 noon, New York City time, on the date of prepayment. Each such notice shall
be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or
portion thereof to be prepaid; provided that, if a notice of prepayment is given in
connection with a conditional notice of termination of the Commitments as contemplated by Section
2.09, then such notice of prepayment may be revoked if such notice of termination is revoked in
accordance with Section 2.09. Promptly following receipt of any such notice relating to a
Revolving Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof.
Each partial prepayment of any Revolving Borrowing shall be in an amount that would be permitted in
the case of an advance of a Revolving Borrowing of the same Type as provided in Section 2.02. Each
prepayment of a Revolving Borrowing shall be applied ratably to the Loans included in the prepaid
Borrowing. Prepayments shall be accompanied by (i) accrued interest to the extent required by
Section 2.13 and (ii) break funding payments pursuant to Section 2.16.

          (b) If at any time, (i) other than as a result of fluctuations in currency exchange rates, (A)
the sum of the aggregate principal Dollar Amount of all of the Revolving Credit Exposures
(calculated, with respect to those Credit Events denominated in Foreign Currencies, as of the most
recent Computation Date with respect to each such Credit Event) exceeds the lesser of the Aggregate
Commitment and the Adjusted Aggregate Commitment or (B) the sum of the aggregate principal Dollar
Amount of all of the outstanding Revolving Credit Exposures denominated in Foreign Currencies (the
“Foreign Currency Exposure”) (so calculated), as of the most recent Computation Date with
respect to each such Credit Event, exceeds the Foreign Currency Sublimit or (ii) solely as a result
of fluctuations in currency exchange rates, (A) the sum of the aggregate principal Dollar Amount of
all of the Revolving Credit Exposures (so calculated) exceeds 105% of the lesser of the Aggregate
Commitment and the Adjusted Aggregate Commitment or (B) the Foreign Currency Exposure, as of the
most recent Computation Date with respect to each such Credit Event, exceeds 105% of the Foreign
Currency Sublimit, the Borrower shall in each case immediately repay Borrowings or cash
collateralize LC Exposure in an account with the Administrative Agent pursuant to Section 2.06(j),
as applicable, in an aggregate principal amount sufficient to cause (x) the aggregate Dollar Amount
of all Revolving Credit Exposures (so calculated) to be less than or equal to the lesser of the
Aggregate Commitment and the Adjusted Aggregate Commitment and (y) the Foreign Currency Exposure to
be less than or equal to the Foreign Currency Sublimit, as applicable.

          SECTION 2.12. Fees. (a)The Borrower agrees to pay to the Administrative Agent for the
account of each Lender a commitment fee, which shall accrue at the Applicable Rate on the average
daily amount of the Available Revolving Commitment of such Lender during the period from and
including the Effective Date to but excluding the date on which such Commitment terminates;
provided that, if such Lender continues to have any Revolving Credit Exposure after its
Commitment terminates, then such commitment fee shall continue to accrue on the daily amount of
such Lender’s Revolving Credit Exposure from and including the date on which its Commitment
terminates to but excluding the date on which such Lender ceases to have any Revolving Credit
Exposure. Accrued commitment fees shall be payable in arrears on the last day of March, June,
September and December of each year and on the date on which the Commitments terminate, commencing
on the first such date to occur after the date

34

 

hereof; provided that any commitment fees accruing after the date on which the
Commitments terminate shall be payable on demand. All commitment fees shall be computed on the
basis of a year of 360 days and shall be payable for the actual number of days elapsed (including
the first day but excluding the last day).

          (b) The Borrower agrees to pay (i) to the Administrative Agent for the account of each Lender
a participation fee with respect to its participations in Letters of Credit, which shall accrue at
the same Applicable Rate used to determine the interest rate applicable to Eurocurrency Revolving
Loans on the average daily Dollar Amount of such Lender’s LC Exposure (excluding any portion
thereof attributable to unreimbursed LC Disbursements) during the period from and including the
Effective Date to but excluding the later of the date on which such Lender’s Commitment terminates
and the date on which such Lender ceases to have any LC Exposure and (ii) to the Issuing Bank for
its own account a fronting fee, which shall accrue at the rate of 0.125% per annum on the average
daily Dollar Amount of the LC Exposure (excluding any portion thereof attributable to unreimbursed
LC Disbursements) attributable to Letters of Credit issued by the Issuing Bank during the period
from and including the Effective Date to but excluding the later of the date of termination of the
Commitments and the date on which there ceases to be any LC Exposure, as well as the Issuing Bank’s
standard fees and commissions with respect to the issuance, amendment, cancellation, negotiation,
transfer, presentment, renewal or extension of any Letter of Credit or processing of drawings
thereunder. Unless otherwise specified above, participation fees and fronting fees accrued through
and including the last day of March, June, September and December of each year shall be payable on
the third (3rd) Business Day following such last day, commencing on the first such date
to occur after the Effective Date; provided that all such fees shall be payable on the date
on which the Commitments terminate and any such fees accruing after the date on which the
Commitments terminate shall be payable on demand. Any other fees payable to the Issuing Bank
pursuant to this paragraph shall be payable within ten (10) days after demand. All participation
fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable
for the actual number of days elapsed (including the first day but excluding the last day).

          (c) The Borrower agrees to pay to the Administrative Agent, for its own account, fees payable
in the amounts and at the times separately agreed upon between the Borrower and the Administrative
Agent.

          (d) All fees payable hereunder shall be paid on the dates due, in Dollars (except as otherwise
expressly provided in this Section 2.12) and immediately available funds, to the Administrative
Agent (or to the Issuing Bank, in the case of fees payable to it) for distribution, in the case of
commitment fees and participation fees, to the Lenders. Fees paid shall not be refundable under
any circumstances.

          SECTION 2.13. Interest. (a) The Loans comprising each ABR Borrowing (including each
Swingline Loan) shall bear interest at the Alternate Base Rate plus the Applicable Rate.

          (b) The Loans comprising each Eurocurrency Borrowing shall bear interest at the Adjusted LIBO
Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate.

          (c) Notwithstanding the foregoing, during the occurrence and continuance of an Event of
Default, the Administrative Agent or the Required Lenders may, at their option, by notice to the
Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any
provision of Section 9.02 requiring the consent of “each Lender directly affected thereby” for
reductions in interest rates), declare that (i) all Loans shall bear interest at 2% plus the rate
otherwise applicable to such Loans as provided in the preceding paragraphs of this Section or (ii)
in the case of any other amount outstanding hereunder, such amount shall accrue at 2% plus the rate
applicable to such fee or other obligation as provided hereunder.

35

 

          (d) Accrued interest on each Revolving Loan shall be payable in arrears on each Interest
Payment Date for such Revolving Loan and upon termination of the Commitments; provided that
(i) interest accrued pursuant to paragraph (c) of this Section shall be payable on demand, (ii) in
the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Revolving
Loan prior to the end of the Availability Period), accrued interest on the principal amount repaid
or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of
any conversion of any Eurocurrency Revolving Loan prior to the end of the current Interest Period
therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.

          (e) All interest hereunder shall be computed on the basis of a year of 360 days, except that
interest (i) computed by reference to the Alternate Base Rate at times when the Alternate Base Rate
is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a
leap year) and (ii) for Borrowings denominated in Pounds Sterling shall be computed on the basis of
a year of 365 days, and in each case shall be payable for the actual number of days elapsed
(including the first day but excluding the last day). The applicable Alternate Base Rate, Adjusted
LIBO Rate or LIBO Rate shall be determined by the Administrative Agent, and such determination
shall be conclusive absent manifest error.

          SECTION 2.14. Alternate Rate of Interest. If prior to the commencement of any
Interest Period for a Eurocurrency Borrowing:

     (a) the Administrative Agent reasonably determines (which determination shall be
conclusive absent manifest error) that adequate and reasonable means do not exist for
ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest
Period; or

     (b) the Administrative Agent is advised by the Required Lenders in their reasonable
determination that the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest
Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making
or maintaining their Loans (or its Loan) included in such Borrowing for such Interest
Period;

then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by
telephone or telecopy as promptly as practicable thereafter and, until the Administrative Agent
notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer
exist, (i) any Interest Election Request that requests the conversion of any Revolving Borrowing
to, or continuation of any Revolving Borrowing as, a Eurocurrency Borrowing shall be ineffective
and any such Eurocurrency Borrowing shall be repaid on the last day of the then current Interest
Period applicable thereto, and (ii) if any Borrowing Request requests a Eurocurrency Revolving
Borrowing in Dollars, such Borrowing shall be made as an ABR Borrowing (and if any Borrowing
Request requests a Eurocurrency Revolving Borrowing denominated in a Foreign Currency, such
Borrowing Request shall be ineffective); provided that if the circumstances giving rise to
such notice affect only one Type of Borrowings, then the other Type of Borrowings shall be
permitted.

          SECTION 2.15. Increased Costs. (a) If any Change in Law shall:

     (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan,
insurance charge or similar requirement against assets of, deposits with or for the account
of, or credit extended by, any Lender (except any such reserve requirement reflected in the
Adjusted LIBO Rate) or the Issuing Bank; or

36

 

     (ii) impose on any Lender or the Issuing Bank or the London interbank market any other
condition, cost or expense affecting this Agreement or Eurocurrency Loans made by such
Lender or any Letter of Credit or participation therein;

and the result of any of the foregoing shall be to increase the cost (other than Taxes) to such
Lender of making or maintaining any Eurocurrency Loan or of maintaining its obligation to make any
such Loan (including, without limitation, pursuant to any conversion of any Borrowing denominated
in an Agreed Currency into a Borrowing denominated in any other Agreed Currency) or to increase the
cost (other than Taxes) to such Lender or the Issuing Bank of participating in, issuing or
maintaining any Letter of Credit (including, without limitation, pursuant to any conversion of any
Borrowing denominated in an Agreed Currency into a Borrowing denominated in any other Agreed
Currency) or to reduce the amount of any sum received or receivable by such Lender or the Issuing
Bank hereunder, whether of principal, interest or otherwise (including, without limitation,
pursuant to any conversion of any Borrowing denominated in an Agreed Currency into a Borrowing
denominated in any other Agreed Currency) other than as a result of Taxes, then the Borrower will
pay to such Lender or the Issuing Bank, as the case may be, such additional amount or amounts as
will compensate such Lender or the Issuing Bank, as the case may be, for such additional costs
incurred or reduction suffered.

          (b) If any Lender or the Issuing Bank determines that any Change in Law regarding capital
requirements has or would have the effect of reducing the rate of return on such Lender’s or the
Issuing Bank’s capital or on the capital of such Lender’s or the Issuing Bank’s holding company, if
any, as a consequence of this Agreement or the Loans made by, or participations in Letters of
Credit held by, such Lender, or the Letters of Credit issued by the Issuing Bank, to a level below
that which such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company
could have achieved but for such Change in Law (taking into consideration such Lender’s or the
Issuing Bank’s policies and the policies of such Lender’s or the Issuing Bank’s holding company
with respect to capital adequacy), then from time to time the Borrower will pay to such Lender or
the Issuing Bank, as the case may be, such additional amount or amounts as will compensate such
Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company for any such
reduction suffered.

          (c) A certificate of a Lender or the Issuing Bank setting forth the amount or amounts
necessary to compensate such Lender or the Issuing Bank or its holding company, as the case may be,
as specified in paragraph (a) or (b) of this Section, together with reasonably detailed
calculations thereof, shall be delivered to the Borrower and shall be conclusive absent manifest
error. The Borrower shall pay such Lender or the Issuing Bank, as the case may be, the amount
shown as due on any such certificate within ten (10) days after receipt thereof.

          (d) Failure or delay on the part of any Lender or the Issuing Bank to demand compensation
pursuant to this Section shall not constitute a waiver of such Lender’s or the Issuing Bank’s right
to demand such compensation; provided that the Borrower shall not be required to compensate
a Lender or the Issuing Bank pursuant to this Section for any increased costs or reductions
incurred more than 270 days prior to the date that such Lender or the Issuing Bank, as the case may
be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions
and of such Lender’s or the Issuing Bank’s intention to claim compensation therefor;
provided further that, if the Change in Law giving rise to such increased costs or
reductions is retroactive, then the 270-day period referred to above shall be extended to include
the period of retroactive effect thereof.

          SECTION 2.16. Break Funding Payments. In the event of (a) the payment of any
principal of any Eurocurrency Loan other than on the last day of an Interest Period applicable
thereto (including as a result of an Event of Default or as a result of any prepayment pursuant to
Section 2.11), (b) the conversion of any Eurocurrency Loan other than on the last day of the
Interest Period applicable

37

 

thereto, (c) the failure to borrow, convert, continue or prepay any Eurocurrency Loan on the
date specified in any notice delivered pursuant hereto (regardless of whether such notice may be
revoked under Section 2.11(a) and is revoked in accordance therewith) or (d) the assignment of any
Eurocurrency Loan other than on the last day of the Interest Period applicable thereto as a result
of a request by the Borrower pursuant to Section 2.19, then, in any such event, the Borrower shall
compensate each Lender for the loss, cost and expense attributable to such event. Such loss, cost
or expense to any Lender shall be deemed to include an amount determined by such Lender to be the
excess, if any, of (i) the amount of interest which would have accrued on the principal amount of
such Loan had such event not occurred, at the Adjusted LIBO Rate that would have been applicable to
such Loan, for the period from the date of such event to the last day of the then current Interest
Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that
would have been the Interest Period for such Loan), over (ii) the amount of interest which would
accrue on such principal amount for such period at the interest rate which such Lender would bid
were it to bid, at the commencement of such period, for deposits in the relevant currency of a
comparable amount and period from other banks in the eurocurrency market. A certificate of any
Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this
Section together with reasonably detailed calculations thereof shall be delivered to the Borrower
and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown
as due on any such certificate within ten (10) days after receipt thereof.

          SECTION 2.17. Taxes. (a) Any and all payments by or on account of any obligation of
the Borrower hereunder shall be made free and clear of and without deduction for any Indemnified
Taxes or Other Taxes; provided that if the Borrower shall be required to deduct any
Indemnified Taxes or Other Taxes from such payments, then (i) the sum payable shall be increased as
necessary so that after making all required deductions (including deductions applicable to
additional sums payable under this Section) the Administrative Agent, Lender or Issuing Bank (as
the case may be) receives an amount equal to the sum it would have received had no such deductions
been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall pay the full
amount deducted to the relevant Governmental Authority in accordance with applicable law.

          (b) In addition, the Borrower shall pay any Other Taxes imposed on or incurred by the
Administrative Agent, a Lender or the Issuing Bank to the relevant Governmental Authority in
accordance with applicable law.

          (c) The Borrower shall indemnify the Administrative Agent, each Lender and the Issuing Bank,
within ten (10) days after written demand therefor, for the full amount of any Indemnified Taxes or
Other Taxes paid by the Administrative Agent, such Lender or the Issuing Bank, as the case may be,
on or with respect to any payment by or on account of any obligation of the Borrower hereunder
(including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts
payable under this Section) and any penalties, interest and reasonable expenses arising therefrom
or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or
legally imposed or asserted by the relevant Governmental Authority. A reasonably detailed
certificate as to the amount of such payment or liability delivered to the Borrower by a Lender or
the Issuing Bank, or by the Administrative Agent on its own behalf or on behalf of a Lender or the
Issuing Bank, shall be conclusive absent manifest error.

          (d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the
Borrower to a Governmental Authority, the Borrower shall deliver to the Administrative Agent the
original or a certified copy of a receipt issued by such Governmental Authority evidencing such
payment, a copy of the return reporting such payment or other evidence of such payment reasonably
satisfactory to the Administrative Agent.

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          (e) Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax
under the law of the jurisdiction in which the Borrower is located, or any treaty to which such
jurisdiction is a party, with respect to payments under this Agreement shall deliver to the
Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable
law, such properly completed and executed documentation prescribed by applicable law or reasonably
requested by the Borrower as will permit such payments to be made without withholding or at a
reduced rate. Without limiting the generality of the foregoing, each Foreign Lender shall (i)
furnish on or before it becomes a party to the Agreement two accurate and complete originally
executed U.S. Internal Revenue Service Forms W-8BEN or U.S. Internal Revenue Service Forms W-8ECI
(or successor forms), certifying to such Foreign Lender’s legal entitlement to an exemption from or
reduction of U.S. federal withholding tax with respect to all interest payments hereunder, and (ii)
provide new Forms W-8BEN or Form W-8ECI (or successor forms) upon the reasonable request by the
Borrower or the Administrative Agent to reconfirm any complete exemption from, or any entitlement
to a reduction, in U.S. federal withholding tax with respect to any interest payment hereunder;
provided that any Foreign Lender that is not a “bank” within the meaning of Section 881(c)(3)(A) of
the Code and is relying on the so-called “portfolio-interest exemption” shall also furnish a
certificate that establishes in writing to the Borrower and the Administrative Agent that such
Foreign Lender is not (i) a “bank” as defined in Section 881(c)(3)(A) of the Code, (ii) a
10-percent shareholder within the meaning of Section 871(h)(3)(B) of the Code, or (iii) a
controlled foreign corporation related to the Borrower within the meaning of Section 864(d)(4) of
the Code, together with Forms W-8BEN. Any Lender that is a United States person, as defined in
Section 7701(a)(30) of the Code, and has not otherwise established that it is an exempt recipient
within the meaning of Treasury Regulation Section 1.6049-4(c) for which withholding is not required
shall deliver, on or before the date it becomes a party to the Agreement (upon the reasonable
request by the Borrower or the Administrative Agent), to the Borrower (with a copy to the
Administrative Agent) two accurate and complete original signed copies of Internal Revenue Service
Form W-9 or any successor form that such person is entitled to provide at such time in order to
comply with and establish an exemption from United States back-up withholding requirements.

          (f) If the Administrative Agent or a Lender determines, in its reasonable discretion, that it
has received a refund or credit of any Taxes or Other Taxes as to which it has been indemnified by
the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this
Section 2.17, it shall pay over such refund or credit to the Borrower (but only to the extent of
indemnity payments made, or additional amounts paid, by the Borrower under this Section 2.17 with
respect to the Taxes or Other Taxes giving rise to such refund or credit), net of all out-of-pocket
expenses of the Administrative Agent, such Lender, or the Issuing Bank, as the case may be, and
without interest (other than any interest paid by the relevant Governmental Authority with respect
to such refund or credit); provided, that the Borrower, upon the request of the Administrative
Agent, such Lender, or the Issuing Bank, as the case may be, agrees to repay the amount paid over
to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental
Authority) to the Administrative Agent, such Lender, or the Issuing Bank, as the case may be, in
the event it is required to repay such refund or credit to such Governmental Authority. This
Section shall not be construed to require the Administrative Agent, any Lender, or the Issuing Bank
to make available its tax returns (or any other information relating to its Taxes which it deems
confidential) to the Borrower or any other Person.

          SECTION 2.18. Payments Generally; Allocations of Proceeds; Pro Rata Treatment; Sharing of
Set-offs.

          (a) The Borrower shall make each payment required to be made by it hereunder (whether of
principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section
2.15, 2.16 or 2.17, or otherwise) prior to (i) in the case of payments denominated in Dollars,
12:00 noon, New York City time and (ii) in the case of payments denominated in a Foreign Currency,
12:00 noon,

39

 

Local Time, in the city of the Administrative Agent’s Eurocurrency Payment Office for such
currency, in each case on the date when due, in immediately available funds, without set-off or
counterclaim. Any amounts received after such time on any date may, in the discretion of the
Administrative Agent, be deemed to have been received on the next succeeding Business Day for
purposes of calculating interest thereon. All such payments shall be made (i) in the same currency
in which the applicable Credit Event was made (or where such currency has been converted to euro,
in euro) and (ii) to the Administrative Agent at its offices at 10 South Dearborn Street,
7th Floor, Chicago, Illinois 60603 or, in the case of a Credit Event denominated in a
Foreign Currency, the Administrative Agent’s Eurocurrency Payment Office for such currency, except
payments to be made directly to the Issuing Bank or Swingline Lender as expressly provided herein
and except that payments pursuant to Sections 2.15, 2.16, 2.17 and 9.03 shall be made directly to
the Persons entitled thereto. The Administrative Agent shall distribute any such payments
denominated in the same currency received by it for the account of any other Person to the
appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on
a day that is not a Business Day, the date for payment shall be extended to the next succeeding
Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable
for the period of such extension. Notwithstanding the foregoing provisions of this Section, if,
after the making of any Credit Event in any Foreign Currency, currency control or exchange
regulations are imposed in the country which issues such currency with the result that the type of
currency in which the Credit Event was made (the “Original Currency”) no longer exists or
the Borrower is not able to make payment to the Administrative Agent for the account of the Lenders
in such Original Currency, then all payments to be made by the Borrower hereunder in such currency
shall instead be made when due in Dollars in an amount equal to the Dollar Amount (as of the date
of repayment) of such payment due, it being the intention of the parties hereto that the Borrower
takes all risks of the imposition of any such currency control or exchange regulations.

          (b) Any proceeds of Collateral received by the Administrative Agent (i) not constituting a
specific payment of principal, interest, fees or other sum payable under the Loan Documents (which
shall be applied as specified by the Borrower) or (ii) after an Event of Default has occurred and
is continuing and the Administrative Agent so elects or the Required Lenders so direct, such funds
shall be applied ratably first, to pay any fees, indemnities, or expense reimbursements
including amounts then due to the Administrative Agent and the Issuing Bank from the Borrower,
second, to pay any fees or expense reimbursements then due to the Lenders from the
Borrower, third, to pay interest then due and payable on the Loans ratably, fourth,
to prepay principal on the Loans and unreimbursed LC Disbursements and any other amounts owing with
respect to Banking Services Obligations and Swap Obligations ratably, fifth, to pay an
amount to the Administrative Agent equal to one hundred five percent (105%) of the aggregate
undrawn face amount of all outstanding Letters of Credit and the aggregate amount of any unpaid LC
Disbursements, to be held as cash collateral for such Obligations, and sixth, to the
payment of any other Secured Obligation due to the Administrative Agent or any Lender by the
Borrower. Notwithstanding anything to the contrary contained in this Agreement, unless so directed
by the Borrower, or unless a Default is in existence, none of the Administrative Agent or any
Lender shall apply any payment which it receives to any Eurocurrency Loan of a Class, except (a) on
the expiration date of the Interest Period applicable to any such Eurocurrency Loan or (b) in the
event, and only to the extent, that there are no outstanding ABR Loans of the same Class and, in
any event, the Borrower shall pay the break funding payment required in accordance with Section
2.16. The Administrative Agent and the Lenders shall have the continuing and exclusive right to
apply and reverse and reapply any and all such proceeds and payments to any portion of the Secured
Obligations.

          (c) [intentionally omitted].

          (d) If any Lender shall, by exercising any right of set-off or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of its Revolving Loans or
participations in

40

 

LC Disbursements or Swingline Loans resulting in such Lender receiving payment of a greater
proportion of the aggregate amount of its Revolving Loans and participations in LC Disbursements
and Swingline Loans and accrued interest thereon than the proportion received by any other Lender,
then the Lender receiving such greater proportion shall purchase (for cash at face value)
participations in the Revolving Loans and participations in LC Disbursements and Swingline Loans of
other Lenders to the extent necessary so that the benefit of all such payments shall be shared by
the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on
their respective Revolving Loans and participations in LC Disbursements and Swingline Loans;
provided that (i) if any such participations are purchased and all or any portion of the
payment giving rise thereto is recovered, such participations shall be rescinded and the purchase
price restored to the extent of such recovery, without interest, and (ii) the provisions of this
paragraph shall not be construed to apply to any payment made by the Borrower pursuant to and in
accordance with the express terms of this Agreement or any payment obtained by a Lender as
consideration for the assignment of or sale of a participation in any of its Loans or
participations in LC Disbursements and Swingline Loans to any assignee or participant, other than
to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this
paragraph shall apply). The Borrower consents to the foregoing and agrees, to the extent it may
effectively do so under applicable law, that any Lender acquiring a participation pursuant to the
foregoing arrangements may exercise against the Borrower rights of set-off and counterclaim with
respect to such participation as fully as if such Lender were a direct creditor of the Borrower in
the amount of such participation.

          (e) Unless the Administrative Agent shall have received notice from the Borrower prior to the
date on which any payment is due to the Administrative Agent for the account of the Lenders or the
Issuing Bank hereunder that the Borrower will not make such payment, the Administrative Agent may
assume that the Borrower has made such payment on such date in accordance herewith and may, in
reliance upon such assumption, distribute to the Lenders or the Issuing Bank, as the case may be,
the amount due. In such event, if the Borrower has not in fact made such payment, then each of the
Lenders or the Issuing Bank, as the case may be, severally agrees to repay to the Administrative
Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest
thereon, for each day from and including the date such amount is distributed to it to but excluding
the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate
and a rate determined by the Administrative Agent in accordance with banking industry rules on
interbank compensation (including without limitation the Overnight Foreign Currency Rate in the
case of Loans denominated in a Foreign Currency).

          (f) If any Lender shall fail to make any payment required to be made by it pursuant to Section
2.05(c), 2.06(d) or (e), 2.07(b), 2.18(e) or 9.03(c), then the Administrative Agent may, in its
discretion (notwithstanding any contrary provision hereof), (i) apply any amounts thereafter
received by the Administrative Agent for the account of such Lender and for the benefit of the
Administrative Agent, the Swingline Lender or the Issuing Bank to satisfy such Lender’s obligations
to it under such Section until all such unsatisfied obligations are fully paid and/or (ii) hold any
such amounts in a segregated account as cash collateral for, and application to, any future funding
obligations of such Lender under any such Section; in the case of each of clauses (i) and (ii)
above, in any order as determined by the Administrative Agent in its discretion.

          SECTION 2.19. Mitigation Obligations; Replacement of Lenders. (a) If any Lender
requests compensation under Section 2.15, or the Borrower is required to pay any additional amount
to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17,
then such Lender shall use reasonable efforts to designate a different lending office for funding
or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its
offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment
(i) would eliminate or reduce amounts payable pursuant to Section 2.15 or 2.17, as the case may be,
in the future and (ii) would

41

 

not subject such Lender to any unreimbursed cost or expense and would not otherwise be
disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and
expenses incurred by any Lender in connection with any such designation or assignment.

          (b) If (i) any Lender requests compensation under Section 2.15, (ii) the Borrower is required
to pay any additional amount to any Lender or any Governmental Authority for the account of any
Lender pursuant to Section 2.17, or (iii) any Lender becomes a Defaulting Lender, then the Borrower
may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent,
require such Lender to assign and delegate, without recourse (in accordance with and subject to the
restrictions contained in Section 9.04), all its interests, rights and obligations under the Loan
Documents to an assignee that shall assume such obligations (which assignee may be another Lender,
if a Lender accepts such assignment); provided that (i) such assignee shall be subject to
the prior written consent of the Administrative Agent (and if a Commitment is being assigned, the
Issuing Bank), which consent shall not unreasonably be withheld, (ii) such Lender shall have
received payment of an amount equal to the outstanding principal of its Loans and participations in
LC Disbursements and Swingline Loans, accrued interest thereon, accrued fees and all other amounts
payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued
interest and fees) or the Borrower (in the case of all other amounts) and (iii) in the case of any
such assignment resulting from a claim for compensation under Section 2.15 or payments required to
be made pursuant to Section 2.17, such assignment will result in a reduction in such compensation
or payments. A Lender shall not be required to make any such assignment and delegation if, prior
thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the
Borrower to require such assignment and delegation cease to apply.

          SECTION 2.20. Expansion Option. The Borrower may from time to time elect to increase
the Commitments or enter into one or more tranches of term loans (each an “Incremental Term
Loan”), in each case in minimum increments of $10,000,000 so long as, after giving effect
thereto, the aggregate amount of such increases and all such Incremental Term Loans does not exceed
$50,000,000. The Borrower may arrange for any such increase or tranche to be provided by one or
more Lenders (each Lender so agreeing to an increase in its Commitment, or to participate in such
Incremental Term Loans, an “Increasing Lender”), or by one or more new banks, financial
institutions or other entities selected by the Borrower (each such new bank, financial institution
or other entity, an “Augmenting Lender”), to increase their existing Commitments, or to
participate in such Incremental Term Loans, or extend Commitments, as the case may be;
provided that (i) each Augmenting Lender, shall be subject to the approval of the Borrower
and the Administrative Agent (such approval not to be unreasonably withheld) and (ii) (x) in the
case of an Increasing Lender, the Borrower and such Increasing Lender execute an agreement
substantially in the form of Exhibit C hereto, and (y) in the case of an Augmenting Lender,
the Borrower and such Augmenting Lender execute an agreement substantially in the form of
Exhibit D hereto. No consent of any Lender (other than the Lenders participating in the
increase or any Incremental Term Loan) shall be required for any increase in Commitments or
Incremental Term Loan pursuant to this Section 2.20. Increases and new Commitments and Incremental
Term Loans created pursuant to this Section 2.20 shall become effective on the date agreed by the
Borrower, the Administrative Agent and the relevant Increasing Lenders or Augmenting Lenders and
the Administrative Agent shall notify each Lender thereof. Notwithstanding the foregoing, no
increase in the Commitments (or in the Commitment of any Lender) or tranche of Incremental Term
Loans shall become effective under this paragraph unless, (i) on the proposed date of the
effectiveness of such increase or Incremental Term Loans, (A) the conditions set forth in
paragraphs (a) and (b) of Section 4.02 shall be satisfied or waived by the Required Lenders and the
Administrative Agent shall have received a certificate to that effect dated such date and executed
by a Financial Officer of the Borrower and (B) the Borrower shall be in compliance (on a Pro Forma
Basis reasonably acceptable to the Administrative Agent) with the covenants contained in Section
6.11 and (ii) the Administrative Agent shall have received documents consistent with those
delivered on the Effective Date as to the corporate power and authority of the Borrower to borrow
hereunder after

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giving effect to such increase. On the effective date of any increase in the Commitments or
any Incremental Term Loans being made, (i) each relevant Increasing Lender and Augmenting Lender
shall make available to the Administrative Agent such amounts in immediately available funds as the
Administrative Agent shall determine, for the benefit of the other Lenders, as being required in
order to cause, after giving effect to such increase and the use of such amounts to make payments
to such other Lenders, each Lender’s portion of the outstanding Revolving Loans of all the Lenders
to equal its Applicable Percentage of such outstanding Revolving Loans, and (ii) except in the case
of any Incremental Term Loans, the Borrower shall be deemed to have repaid and reborrowed all
outstanding Revolving Loans as of the date of any increase in the Commitments (with such
reborrowing to consist of the Types of Revolving Loans, with related Interest Periods if
applicable, specified in a notice delivered by the Borrower, in accordance with the requirements of
Section 2.03). The deemed payments made pursuant to clause (ii) of the immediately preceding
sentence shall be accompanied by payment of all accrued interest on the amount prepaid and, in
respect of each Eurocurrency Loan, shall be subject to indemnification by the Borrower pursuant to
the provisions of Section 2.16 if the deemed payment occurs other than on the last day of the
related Interest Periods. The Incremental Term Loans (a) shall rank pari passu in right of payment
with the Revolving Loans, (b) shall not mature earlier than the Maturity Date (but may have
amortization prior to such date) and (c) shall be treated substantially the same as (and in any
event no more favorably than) the Revolving Loans; provided that (i) the terms and
conditions applicable to any tranche of Incremental Term Loans maturing after the Maturity Date may
provide for material additional or different financial or other covenants or prepayment
requirements applicable only during periods after the Maturity Date and (ii) the Incremental Term
Loans may be priced differently than the Revolving Loans. Incremental Term Loans may be made
hereunder pursuant to an amendment or restatement (an “Incremental Term Loan Amendment”) of
this Agreement and, as appropriate, the other Loan Documents, executed by the Borrower, each
Augmenting Lender participating in such tranche, if any, and the Administrative Agent. The
Incremental Term Loan Amendment may, without the consent of any other Lenders, effect such
amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in
the reasonable opinion of the Administrative Agent, to effect the provisions of this Section 2.20.
Nothing contained in this Section 2.20 shall constitute, or otherwise be deemed to be, a commitment
on the part of any Lender to increase its Commitment hereunder, or provide Incremental Term Loans,
at any time.

          SECTION 2.21. Judgment Currency. If for the purposes of obtaining judgment in any
court it is necessary to convert a sum due from the Borrower hereunder in the currency expressed to
be payable herein (the “specified currency”) into another currency, the parties hereto
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 the Administrative Agent could
purchase the specified currency with such other currency at the Administrative Agent’s main New
York City office on the Business Day preceding that on which final, non-appealable judgment is
given. The obligations of the Borrower in respect of any sum due to any Lender or the
Administrative Agent hereunder shall, notwithstanding any judgment in a currency other than the
specified currency, be discharged only to the extent that on the Business Day following receipt by
such Lender or the Administrative Agent (as the case may be) of any sum adjudged to be so due in
such other currency such Lender or the Administrative Agent (as the case may be) may in accordance
with normal, reasonable banking procedures purchase the specified currency with such other
currency. If the amount of the specified currency so purchased is less than the sum originally due
to such Lender or the Administrative Agent, as the case may be, in the specified currency, the
Borrower agrees, to the fullest extent that it may effectively do so, as a separate obligation and
notwithstanding any such judgment, to indemnify such Lender or the Administrative Agent, as the
case may be, against such loss, and if the amount of the specified currency so purchased exceeds
(a) the sum originally due to any Lender or the Administrative Agent, as the case may be, in the
specified currency and (b) any amounts shared with other Lenders as a result of allocations of such
excess as a

43

 

disproportionate payment to such Lender under Section 2.18, such Lender or the Administrative
Agent, as the case may be, agrees to remit such excess to the Borrower.

          SECTION 2.22. Defaulting Lenders. Notwithstanding any provision of this Agreement to
the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply
for so long as such Lender is a Defaulting Lender:

          (a) fees shall cease to accrue on the unfunded portion of the Commitment of such Defaulting
Lender pursuant to Section 2.12(a);

          (b) the Commitment and Revolving Credit Exposure of such Defaulting Lender shall not be
included in determining whether the Required Lenders have taken or may take any action hereunder
(including any consent to any amendment, waiver or other modification pursuant to Section 9.02);
provided, that this clause (b) shall not apply to the vote of a Defaulting Lender in the
case of an amendment, waiver or other modification requiring the consent of such Lender or each
Lender affected thereby;

          (c) if any Swingline Exposure or LC Exposure exists at the time such Lender becomes a
Defaulting Lender then:

     (i) all or any part of the Swingline Exposure and LC Exposure of such Defaulting Lender
shall be reallocated among the non-Defaulting Lenders in accordance with their respective
Applicable Percentages but only to the extent the sum of all non-Defaulting Lenders’
Revolving Credit Exposures plus such Defaulting Lender’s Swingline Exposure and LC Exposure
does not exceed the total of all non-Defaulting Lenders’ Commitments;

     (ii) if the reallocation described in clause (i) above cannot, or can only partially,
be effected, the Borrower shall within one Business Day following notice by the
Administrative Agent (x) first, prepay such Swingline Exposure and (y)
second, cash collateralize for the benefit of the Issuing Bank only the Borrower’s
obligations corresponding to such Defaulting Lender’s LC Exposure (after giving effect to
any partial reallocation pursuant to clause (i) above) in accordance with the procedures set
forth in Section 2.06(j) for so long as such LC Exposure is outstanding;

     (iii) if the Borrower cash collateralizes any portion of such Defaulting Lender’s LC
Exposure pursuant to clause (ii) above, the Borrower shall not be required to pay any fees
to such Defaulting Lender pursuant to Section 2.12(b) with respect to such Defaulting
Lender’s LC Exposure during the period such Defaulting Lender’s LC Exposure is cash
collateralized;

     (iv) if the LC Exposure of the non-Defaulting Lenders is reallocated pursuant to clause
(i) above, then the fees payable to the Lenders pursuant to Section 2.12(a) and Section
2.12(b) shall be adjusted in accordance with such non-Defaulting Lenders’ Applicable
Percentages; and

     (v) if all or any portion of such Defaulting Lender’s LC Exposure is neither
reallocated nor cash collateralized pursuant to clause (i) or (ii) above, then, without
prejudice to any rights or remedies of the Issuing Bank or any other Lender hereunder, all
letter of credit fees payable under Section 2.12(b) with respect to such Defaulting Lender’s
LC Exposure shall be payable to the Issuing Bank until and to the extent that such LC
Exposure is reallocated and/or cash collateralized; and

44

 

          (d) so long as such Lender is a Defaulting Lender, the Swingline Lender shall not be required
to fund any Swingline Loan and the Issuing Bank shall not be required to issue, amend or increase
any Letter of Credit, unless it is satisfied that the related exposure and the Defaulting Lender’s
then outstanding LC Exposure will be 100% covered by the Commitments of the non-Defaulting Lenders
and/or cash collateral will be provided by the Borrower in accordance with Section 2.22(c), and
participating interests in any newly made Swingline Loan or any newly issued or increased Letter of
Credit shall be allocated among non-Defaulting Lenders in a manner consistent with Section
2.22(c)(i) (and such Defaulting Lender shall not participate therein).

          If (i) a Bankruptcy Event with respect to a Parent of any Lender shall occur following the
date hereof and for so long as such event shall continue or (ii) the Swingline Lender or the
Issuing Bank has a good faith belief that any Lender has defaulted in fulfilling its obligations
under one or more other agreements in which such Lender commits to extend credit, the Swingline
Lender shall not be required to fund any Swingline Loan and the Issuing Bank shall not be required
to issue, amend or increase any Letter of Credit, unless the Swingline Lender or the Issuing Bank,
as the case may be, shall have entered into arrangements with the Borrower or such Lender,
satisfactory to the Swingline Lender or the Issuing Bank, as the case may be, to defease any risk
to it in respect of such Lender hereunder.

          In the event that the Administrative Agent, the Borrower, the Swingline Lender and the Issuing
Bank each agrees that a Defaulting Lender has adequately remedied all matters that caused such
Lender to be a Defaulting Lender, then the Swingline Exposure and LC Exposure of the Lenders shall
be readjusted to reflect the inclusion of such Lender’s Commitment and on such date such Lender
shall purchase at par such of the Loans of the other Lenders (other than Swingline Loans) as the
Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans
in accordance with its Applicable Percentage.

ARTICLE III

Representations and Warranties

          The Borrower represents and warrants to the Lenders that:

          SECTION 3.01. Organization; Powers; Subsidiaries. Each of the Borrower and its
Subsidiaries is duly organized, validly existing and in good standing (to the extent such concept
is applicable in the relevant jurisdiction) under the laws of the jurisdiction of its organization,
has all requisite power and authority to carry on its business as now conducted and, except where
the failure to do so, individually or in the aggregate, could not reasonably be expected to result
in a Material Adverse Effect, is qualified to do business in, and is in good standing (to the
extent such concept is applicable in the relevant jurisdiction) in, every jurisdiction where such
qualification is required. Schedule 3.01 hereto (as supplemented from time to time)
identifies each Subsidiary, noting whether such Subsidiary is a Material Domestic Subsidiary, the
jurisdiction of its incorporation or organization, as the case may be, the percentage of issued and
outstanding shares of each class of its capital stock or other equity interests owned by the
Borrower and the other Subsidiaries and, if such percentage is not 100% (excluding directors’
qualifying shares as required by law), a description of each class issued and outstanding. All of
the outstanding shares of capital stock and other equity interests of each Subsidiary are validly
issued and outstanding and fully paid and nonassessable and all such shares and other equity
interests indicated on Schedule 3.01 as owned by the Borrower or another Subsidiary are
owned, beneficially and of record, by the Borrower or any Subsidiary free and clear of all Liens,
other than Liens created under the Loan Documents.

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          SECTION 3.02. Authorization; Enforceability. The Transactions are within each
Loan Party’s organizational powers and have been duly authorized by all necessary organizational
actions and, if required, actions by equity holders. The Loan Documents to which each Loan Party
is a party have been duly executed and delivered by such Loan Party and constitute a legal, valid
and binding obligation of such Loan Party, enforceable in accordance with its terms, subject to
applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’
rights generally and subject to general principles of equity, regardless of whether considered in a
proceeding in equity or at law.

          SECTION 3.03. Governmental Approvals; No Conflicts. The Transactions (a) do not
require any consent or approval of, registration or filing with, or any other action by, any
Governmental Authority, except (i) such as have been obtained or made and are in full force and
effect, (ii) filings necessary to perfect Liens created pursuant to the Loan Documents and (iii)
filings with the SEC with respect to the Transactions, (b) will not violate in any material respect
any applicable law or regulation or the charter, by-laws or other organizational documents of the
Borrower or any of its Subsidiaries or any order of any Governmental Authority, (c) will not
violate or result in a default under any indenture, material agreement or other material instrument
binding upon the Borrower or any of its Subsidiaries or its assets, or give rise to a right
thereunder to require any payment to be made by the Borrower or any of its Subsidiaries, and (d)
will not result in the creation or imposition of any Lien on any asset of the Borrower or any of
its Subsidiaries, other than Liens created under the Loan Documents.

          SECTION 3.04. Financial Condition; No Material Adverse Change. (a) The Borrower has
heretofore furnished to the Lenders its consolidated balance sheet and statements of income,
stockholders equity and cash flows (i) as of and for the fiscal year ended December 31, 2009
reported on by Ernst & Young, LLP, independent public accountants, and (ii) as of and for the
fiscal quarter and the portion of the fiscal year ended March 31, 2010, certified by its chief
financial officer. Such financial statements present fairly, in all material respects, the
financial position and results of operations and cash flows of the Borrower and its consolidated
Subsidiaries as of such dates and for such periods in accordance with GAAP, subject to year-end
audit adjustments and the absence of footnotes in the case of the statements referred to in clause
(ii) above.

          (b)
Since December 31, 2009, there has been no material adverse change in the business, assets,
operations or financial condition of the Borrower and its Subsidiaries, taken as a whole.

          SECTION 3.05. Properties. (a) Each of the Borrower and its Subsidiaries has good
title to, or valid leasehold interests in, all its real and personal property material to its
business, except for minor defects in title that do not interfere with its ability to conduct its
business as currently conducted or to utilize such properties for their intended purposes.

          (b)
Each of the Borrower and its Subsidiaries owns, has the legal right to use or is licensed
to use, all trademarks, tradenames, copyrights, patents and other intellectual property material to
its business, and, to the knowledge of the Borrower, the use thereof by the Borrower and its
Subsidiaries does not infringe upon the rights of any other Person, except for any such
infringements that, individually or in the aggregate, could not reasonably be expected to result in
a Material Adverse Effect.

          SECTION 3.06. Litigation, Environmental and Labor Matters. (a) Except as disclosed
in Schedule 3.06, there are no actions, suits, proceedings or investigations by or before
any arbitrator or Governmental Authority pending against or, to the knowledge of the Borrower,
threatened against or affecting the Borrower or any of its Subsidiaries (i) as to which there is a
reasonable possibility of an adverse determination and that, if adversely determined, could
reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect or
(ii) that involve this Agreement or the Transactions.

46

 

          (b) Except with respect to any other matters that, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect, neither the Borrower nor any of its
Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain or comply
with any permit, license or other approval required under any Environmental Law, (ii) has become
subject to any Environmental Liability, (iii) has received notice of any claim with respect to any
Environmental Liability or (iv) knows of any basis for any Environmental Liability.

          (c) As of the Effective Date, there are no strikes, lockouts or slowdowns against the Borrower
or any of its Subsidiaries pending or, to their knowledge, threatened. There are no labor
controversies pending against or, to the knowledge of the Borrower, threatened against or affecting
the Borrower or any of its Subsidiaries (i) which could reasonably be expected, individually or in
the aggregate, to result in a Material Adverse Effect, or (ii) that involve this Agreement or the
Transactions.

          SECTION 3.07. Compliance with Laws and Agreements. Each of the Borrower and its
Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority
applicable to it or its property and all indentures, material agreements and other material
instruments binding upon it or its property, except where the failure to do so, individually or in
the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

          SECTION 3.08. Investment Company Status. Neither the Borrower nor any of its
Subsidiaries is an “investment company” as defined in, or subject to regulation under, the
Investment Company Act of 1940.

          SECTION 3.09. Taxes. Each of the Borrower and its Subsidiaries has timely filed or
caused to be filed all Tax returns and reports required to have been filed and has paid or caused
to be paid all Taxes required to have been paid by it, except (a) Taxes that are being contested in
good faith by appropriate proceedings and for which the Borrower or such Subsidiary, as applicable,
has set aside on its books adequate reserves or (b) to the extent that the failure to do so could
not reasonably be expected to result in a Material Adverse Effect.

          SECTION 3.10. ERISA. No ERISA Event has occurred or is reasonably expected to occur
that, when taken together with all other such ERISA Events for which liability is reasonably
expected to occur, could reasonably be expected to result in a Material Adverse Effect.

          SECTION 3.11. Disclosure. The Borrower has disclosed to the Lenders all agreements,
instruments and corporate or other restrictions to which it or any of its Subsidiaries is subject,
and all other matters known to it, that, individually or in the aggregate, could reasonably be
expected to result in a Material Adverse Effect, such disclosure to be taken together with any
matters set forth in the periodic and other reports filed by the Borrower or any Subsidiary with
the SEC, in the financial statements of the Borrower and its Subsidiaries furnished to the
Administrative Agent and/or the Lenders, or in any certificate, opinion or other written statement
made or furnished by the Borrower to the Administrative Agent and/or the Lenders. Neither the
Information Memorandum nor any of the other reports, financial statements, certificates or other
information furnished by or on behalf of the Borrower or any Subsidiary to the Administrative Agent
or any Lender in connection with the negotiation of this Agreement or delivered hereunder (as
modified or supplemented by other information so furnished) contains any material misstatement of
fact or omits to state any material fact necessary to make the statements therein, in the light of
the circumstances under which they were made, not misleading; provided that, with respect
to projected financial information, the Borrower represents only that such information was prepared
in good faith based upon assumptions believed to be reasonable at the time made, and the parties
acknowledge and agree that uncertainty is inherent in any forecasts and projections and that such
forecasts and projections do not constitute guarantees of future performance.

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          SECTION
3.12. Federal Reserve Regulations. No part of the proceeds of any Loan have
been used or will be used, whether directly or indirectly, for any purpose that entails a violation
of any of the Regulations of the Board, including Regulations T, U and X.

          SECTION
3.13. Liens. There are no Liens on any of the real or personal properties of
the Borrower or any Subsidiary except for Liens permitted by Section 6.02.

          SECTION 3.14. No Default. No Default or Event of Default has occurred and is
continuing.

          SECTION 3.15. No Burdensome Restrictions. The Borrower is not subject to any
Burdensome Restrictions except Burdensome Restrictions permitted under Section 6.08.

          SECTION 3.16. Solvency. The Borrower and its Subsidiaries, taken as a whole, are and
will be Solvent.

          SECTION 3.17. Security Interest in Collateral. The provisions of this Agreement and
the other Loan Documents create legal and valid Liens on all the Collateral in favor of the
Administrative Agent, for the benefit of the Secured Parties, and, upon the filing of appropriate
financing statements, the recordation of the applicable Mortgages and, with respect to any
intellectual property, filings in the United States Patent and Trademark Office and the United
States Copyright Office, or taking such other action as may be required for perfection under
applicable law, such Liens will constitute, to the extent required by the Loan Documents, perfected
and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the
applicable Loan Party and all third parties, and having priority over all other Liens on the
Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted
Encumbrances would have priority over the Liens in favor of the Administrative Agent pursuant to
any applicable law and (b) Liens perfected only by possession (including possession of any
certificate of title) to the extent the Administrative Agent has not obtained or does not maintain
possession of such Collateral. No representation or warranty is made under the laws of any
non-U.S. jurisdiction with respect to the perfection or priority of any security interest in the
Equity Interests issued by any Foreign Subsidiary.

ARTICLE IV

Conditions

          SECTION 4.01. Effective Date. The obligations of the Lenders to make Loans and of
the Issuing Bank to issue Letters of Credit hereunder shall not become effective until the date on
which each of the following conditions is satisfied (or waived in accordance with Section 9.02):

     (a) The Administrative Agent (or its counsel) shall have received from (i) each party
hereto either (A) a counterpart of this Agreement signed on behalf of such party or (B)
written evidence satisfactory to the Administrative Agent (which may include telecopy or
electronic transmission of a signed signature page of this Agreement) that such party has
signed a counterpart of this Agreement and (ii) duly executed copies of the Loan Documents
and such other legal opinions, certificates, documents, instruments and agreements as the
Administrative Agent shall reasonably request in connection with the Transactions, all in form and
substance reasonably satisfactory to the Administrative Agent and its counsel and as further
described in the list of closing documents attached as Exhibit E.

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     (b) The Administrative Agent shall have received a favorable written opinion (addressed
to the Administrative Agent and the Lenders and dated the Effective Date) of Wilmer Cutler
Pickering Hale & Dorr LLP, counsel for the Loan Parties, substantially in the form of
Exhibit B, and covering such other matters relating to the Loan Parties, the Loan
Documents or the Transactions as the Administrative Agent shall reasonably request. The
Borrower hereby requests such counsel to deliver such opinion.

     (c) The Lenders shall have received (i) satisfactory audited consolidated financial
statements of the Borrower for the two most recent fiscal years ended prior to the Effective
Date as to which such financial statements are available, (ii) satisfactory unaudited
interim consolidated financial statements of the Borrower for each quarterly period ended
subsequent to the date of the latest financial statements delivered pursuant to clause (i)
of this paragraph as to which such financial statements are publicly available and (iii)
satisfactory financial statement projections through and including the Borrower’s 2015
fiscal year, together with such information as the Administrative Agent and the Lenders
shall reasonably request (including, without limitation, a detailed description of the
assumptions used in preparing such projections).

     (d) The Administrative Agent shall have received such documents and certificates as the
Administrative Agent or its counsel may reasonably request relating to the organization,
existence and good standing of the initial Loan Parties, the authorization of the
Transactions and any other legal matters relating to such Loan Parties, the Loan Documents
or the Transactions, all in form and substance satisfactory to the Administrative Agent and
its counsel and as further described in the list of closing documents attached as
Exhibit E.

     (e) The Administrative Agent shall have received a certificate, dated the Effective
Date and signed by the President, a Vice President or a Financial Officer of the Borrower,
confirming compliance with the conditions set forth in paragraphs (a) and (b) of Section
4.02.

     (f) The Administrative Agent shall have received evidence satisfactory to it that any
credit facility currently in effect for the Borrower shall have been terminated and
cancelled and all indebtedness thereunder shall have been fully repaid (except to the extent
being so repaid with the initial Revolving Loans) and any and all liens thereunder shall
have been terminated. For the avoidance of doubt, the foregoing shall not apply to the
Borrower’s or any Subsidiary’s obligations under letters of credit issued and outstanding
prior to the Effective Date.

     (g) The Administrative Agent shall have received evidence reasonably satisfactory to it
that all governmental and third party approvals necessary or, in the reasonable discretion
of the Administrative Agent, advisable in connection with the Transactions have been
obtained and are in full force and effect.

     (h) The Administrative Agent shall have received (or provisions shall have been made
for the concurrent payment of) all fees and other amounts due and payable on or prior to the
Effective Date, including, to the extent invoiced, reimbursement or payment of all
out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder.

The Administrative Agent shall notify the Borrower and the Lenders of the Effective Date, and such
notice shall be conclusive and binding.

          SECTION 4.02. Each Credit Event. The obligation of each Lender to make a Loan on the
occasion of any Borrowing, and of the Issuing Bank to issue, amend, renew or extend any Letter of
Credit, is subject to the satisfaction of the following conditions:

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     (a) The representations and warranties of the Borrower set forth in this Agreement
shall be true and correct in all material respects on and as of the date of such Borrowing
or the date of issuance, amendment, renewal or extension of such Letter of Credit, as
applicable.

     (b) At the time of and immediately after giving effect to such Borrowing or the
issuance, amendment, renewal or extension of such Letter of Credit, as applicable, no
Default or Event of Default shall have occurred and be continuing.

     (c) The Dollar Amount of the total Revolving Credit Exposures does not exceed the
lesser of the Aggregate Commitment and the Adjusted Aggregate Commitment.

Each Borrowing and each issuance, amendment, renewal or extension of a Letter of Credit shall be
deemed to constitute a representation and warranty by the Borrower on the date thereof as to the
matters specified in paragraphs (a), (b) and (c) of this Section.

ARTICLE V

Affirmative Covenants

          Until the Commitments have expired or been terminated and the principal of and interest on
each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit
shall have expired or terminated and all LC Disbursements shall have been reimbursed, the Borrower
covenants and agrees with the Lenders that:

          SECTION 5.01. Financial Statements and Other Information. The Borrower will furnish
to the Administrative Agent and each Lender:

     (a) within ninety (90) days after the end of each fiscal year of the Borrower (or, if
earlier, by no later than five (5) Business Days after the date that the Annual Report on
Form 10-K of the Borrower for such fiscal year would be required to be filed under the rules
and regulations of the SEC, giving effect to any automatic extension available thereunder
for the filing of such form), its audited consolidated (and unaudited consolidating in the
event the Excluded Subsidiary is in existence) balance sheet and related statements of
operations, stockholders’ equity and cash flows as of the end of and for such year, setting
forth in each case in comparative form the figures for the previous fiscal year, all
reported on by Ernst & Young, LLP or other independent public accountants of recognized
national standing (without a “going concern” or like qualification or exception and without
any qualification or exception as to the scope of such audit) to the effect that such
consolidated financial statements present fairly in all material respects the financial
condition and results of operations of the Borrower and its consolidated Subsidiaries on a
consolidated basis in accordance with GAAP consistently applied;

     (b) within forty-five (45) days after the end of each of the first three fiscal
quarters of each fiscal year of the Borrower (or, if earlier, by no later than five (5)
Business Days after the date that the Quarterly Report on Form 10-Q of the Borrower for such
fiscal quarter would be required to be filed under the rules and regulations of the SEC, giving effect to any
automatic extension available thereunder for the filing of such form), its consolidated (and
consolidating in the event the Excluded Subsidiary is in existence) balance sheet and
related statements of operations, stockholders’ equity and cash flows as of the end of and
for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in
each case in comparative form the figures for the corresponding period or periods of (or, in
the case of the balance sheet, as of the end of)

50

 

the previous fiscal year, all certified by one of its Financial Officers as presenting fairly in all material respects the financial
condition and results of operations of the Borrower and its consolidated Subsidiaries on a
consolidated (and consolidating in the event the Excluded Subsidiary is in existence) basis
in accordance with GAAP consistently applied, subject to normal year-end audit adjustments
and the absence of footnotes;

     (c) concurrently with any delivery of financial statements under clause (a) or (b)
above, a certificate of a Financial Officer of the Borrower (i) certifying as to whether a
Default has occurred and is continuing and, if a Default has occurred, specifying the
details thereof and any action taken or proposed to be taken with respect thereto, (ii)
setting forth reasonably detailed calculations demonstrating compliance with Section 6.11
(including compliance on a consolidating basis without giving effect to the Excluded
Subsidiary) and (iii) stating whether any material change in GAAP or in the application
thereof has occurred since the date of the audited financial statements referred to in
Section 3.04 that applies to the Borrower or any Subsidiary and, if any such change has
occurred, specifying the effect of such change on the financial statements accompanying such
certificate;

     (d) concurrently with any delivery of financial statements under clause (a) above, a
certificate of the accounting firm that reported on such financial statements stating
whether they obtained knowledge during the course of their examination of such financial
statements of any Default under Section 6.11 (which certificate may be limited to the extent
required by accounting rules or guidelines);

     (e) as soon as available, but in any event not more than sixty (60) days after the end
of each fiscal year of the Borrower, a copy of the plan and forecast (including a projected
consolidated (and consolidating in the event the Excluded Subsidiary is in existence)
balance sheet, income statement and cash flow statement) of the Borrower for each month of
such fiscal year in form reasonably satisfactory to the Administrative Agent;

     (f) promptly after the same become publicly available, copies of all periodic and other
reports, proxy statements and other non-confidential materials filed by the Borrower or any
Subsidiary with the SEC, or any Governmental Authority succeeding to any or all of the
functions of said Commission, or with any national securities exchange, or distributed by
the Borrower to its shareholders generally, as the case may be; and

     (g) promptly following any request therefor, such other information regarding the
operations, business affairs and financial condition of the Borrower or any Subsidiary, or
compliance with the terms of this Agreement, as the Administrative Agent or any Lender may
reasonably request.

Documents required to be delivered pursuant to clauses (a), (b) and (f) of this Section 5.01
(other than consolidating financial statements and reports in the event the Excluded
Subsidiary is in existence) may be delivered electronically and if so delivered, shall be
deemed to have been delivered on the date on which such documents are filed for public
availability on the SEC’s Electronic Data Gathering and Retrieval System; provided
that the Borrower shall notify (which may be by facsimile or electronic mail) the Administrative Agent of the filing of any such
documents and provide to the Administrative Agent by electronic mail electronic versions
(i.e., soft copies) of such documents. Notwithstanding anything contained herein, in every
instance the Borrower shall be required to provide paper copies of the compliance
certificates required by clause (c) of this Section 5.01 to the Administrative Agent.

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          SECTION 5.02. Notices of Material Events. The Borrower will furnish to the
Administrative Agent and each Lender prompt written notice of the following:

     (a) following a Financial Officer or other officer of the Borrower obtaining knowledge
thereof, the occurrence of any Default;

     (b) following a Financial Officer or other officer of the Borrower obtaining knowledge
thereof, the filing or commencement of any action, suit or proceeding by or before any
arbitrator or Governmental Authority against or affecting the Borrower or any Affiliate
thereof that has a reasonable probability of an adverse determination and that, if adversely
determined, could reasonably be expected to result in a Material Adverse Effect;

     (c) the occurrence of any ERISA Event that, alone or together with any other ERISA
Events that have occurred, could reasonably be expected to result in a Material Adverse
Effect; and

     (d) any other development (other than general market or economic conditions) that
results in, or could reasonably be expected to result in, a Material Adverse Effect.

Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer
or other executive officer of the Borrower setting forth the details of the event or development
requiring such notice and any action taken or proposed to be taken with respect thereto.

          SECTION 5.03. Existence; Conduct of Business. The Borrower will, and will cause each
of its Subsidiaries to, do or cause to be done all things necessary to preserve, renew and keep in
full force and effect (a) its legal existence and (b) the rights (including intellectual property
rights), qualifications, licenses, permits, privileges, franchises and governmental authorizations
material to the conduct of the business of the Borrower and its Subsidiaries taken as a whole, and
maintain all requisite authority to conduct its business in each jurisdiction in which its business
is conducted; provided that the foregoing shall not prohibit any merger, consolidation,
liquidation or dissolution permitted under Section 6.03.

          SECTION 5.04. Payment of Obligations. The Borrower will, and will cause each of its
Subsidiaries to, pay its Material Indebtedness and all other obligations, including Tax
liabilities, that, if not paid, could result in a Material Adverse Effect before the same shall
become delinquent or in default (subject to any applicable grace periods), except where (a) the
validity or amount thereof is being contested in good faith by appropriate proceedings, (b) the
Borrower or such Subsidiary has set aside on its books adequate reserves with respect thereto to
the extent required by GAAP and (c) the failure to make payment pending such contest could not
reasonably be expected to result in a Material Adverse Effect.

          SECTION 5.05. Maintenance of Properties; Insurance. The Borrower will, and will
cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of
its business in good working order and condition, ordinary wear and tear and obsolescence excepted,
and (b) maintain with financially sound and reputable carriers (i) insurance in such amounts (with
no greater risk retention) and against such risks (including loss or damage by fire and loss in transit; theft, burglary,
pilferage, larceny, embezzlement, and other criminal activities; business interruption; and general
liability) and such other hazards, as is customarily maintained by companies of established repute
engaged in the same or similar businesses operating in the same or similar locations (provided that
the Borrower and its Subsidiaries may maintain self insurance plans to the extent companies of
similar size and in similar businesses do so) and (ii) all insurance required pursuant to the
Collateral Documents. The Borrower will

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furnish to the Lenders, upon request of the Administrative Agent, information in reasonable detail as to the insurance so maintained. The Borrower shall
deliver to the Administrative Agent endorsements (x) to all “All Risk” physical damage insurance
policies on all of the Loan Parties’ tangible personal property and assets and business
interruption insurance policies naming the Administrative Agent as lender loss payee, and (y) to
all general liability and other liability policies naming the Administrative Agent an additional
insured.

          SECTION 5.06. Books and Records; Inspection Rights. The Borrower will, and will
cause each of its Subsidiaries to, keep proper books of record and account in which complete
entries in accordance with GAAP are made of all dealings and transactions in relation to its
business and activities. The Borrower will, and will cause each of its Subsidiaries to, permit any
representatives designated by the Administrative Agent or (during the continuance of any Event of
Default) any Lender, upon reasonable prior notice, to visit and inspect its properties, to examine
and make extracts from its books and records, including environmental assessment reports and Phase
I or Phase II studies, and to discuss its affairs, finances and condition with its officers and
independent accountants (provided that, so long as an Event of Default is not then in effect, such
discussions with the Borrower’s independent accountants shall be in the presence of one or more
officers of the Borrower), all at such reasonable times and as often as reasonably requested;
provided, that the Borrower shall not be obligated to reimburse the Administrative Agent or any
Lender for more than one such visit in any calendar year except during the continuance of an Event
of Default. The Borrower acknowledges that the Administrative Agent, after exercising its rights
of inspection, may prepare and distribute to the Lenders certain reports pertaining to the Borrower
and its Subsidiaries’ assets for internal use by the Administrative Agent and the Lenders.

          SECTION 5.07. Compliance with Laws and Material Contractual Obligations. The
Borrower will, and will cause each of its Subsidiaries to, (i) comply with all laws, rules,
regulations and orders of any Governmental Authority applicable to it or its property (including
without limitation Environmental Laws) and (ii) perform in all material respects its obligations
under material agreements to which it is a party, in each case except where the failure to do so,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect.

          SECTION 5.08. Use of Proceeds. The proceeds of the Loans will be used only to
finance the working capital needs, and for general corporate purposes, of the Borrower and its
Subsidiaries in the ordinary course of business, including Permitted Acquisitions and fees and
expenses related thereto and refinancing of Indebtedness. No part of the proceeds of any Loan will
be used, whether directly or indirectly, for any purpose that entails a violation of any of the
Regulations of the Board, including Regulations T, U and X.

          SECTION 5.09. Subsidiary Guarantors; Pledges; Additional Collateral; Further
Assurances.

          (a) As promptly as possible but in any event within thirty (30) days (or such later date as
may be agreed upon by the Administrative Agent) after any Person becomes a Subsidiary or any
Subsidiary qualifies independently as, or is designated by the Borrower or the Administrative Agent
as, a Subsidiary Guarantor pursuant to the definition of “Material Domestic Subsidiary”, the
Borrower shall provide the Administrative Agent with written notice thereof setting forth
information in reasonable detail describing the material assets of such Person and shall cause each such Subsidiary which also
qualifies as a Material Domestic Subsidiary to deliver to the Administrative Agent a joinder to the
Subsidiary Guaranty and the Security Agreement (in each case in the form contemplated thereby)
pursuant to which such Subsidiary agrees to be bound by the terms and provisions thereof, such
Subsidiary Guaranty and the Security Agreement to be accompanied by appropriate corporate
resolutions, other corporate

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documentation and legal opinions in form and substance reasonably satisfactory to the Administrative Agent and its counsel.

          (b) The Borrower will cause, and will cause each other Loan Party to cause, all of its owned
property (whether real, personal, tangible, intangible, or mixed but excluding Excluded Assets) to
be subject at all times (subject to the time periods specified in clause (a) above) to first
priority, perfected Liens in favor of the Administrative Agent for the benefit of the Secured
Parties to secure the Secured Obligations in accordance with the terms and conditions of the
Collateral Documents, subject in any case to Liens permitted by Section 6.02. Without limiting the
generality of the foregoing, the Borrower (i) will cause the Applicable Pledge Percentage of the
issued and outstanding Equity Interests of each Pledge Subsidiary directly owned by the Borrower or
any other Loan Party to be subject at all times (subject to the time periods specified in clause
(a) above) to a first priority, perfected Lien in favor of the Administrative Agent to secure the
Secured Obligations in accordance with the terms and conditions of the Collateral Documents or such
other pledge and security documents as the Administrative Agent shall reasonably request and (ii)
will, and will cause each Subsidiary Guarantor to, deliver Mortgages and Mortgage Instruments with
respect to real property owned by the Borrower or such Guarantor to the extent, and within such
time period as is, reasonably required by the Administrative Agent. Notwithstanding the foregoing,
no such pledge agreement in respect of the Equity Interests of a Foreign Subsidiary shall be
required hereunder (A) until September 30, 2010 or such later date as the Administrative Agent may
agree in the exercise of its reasonable discretion with respect thereto, and (B) to the extent the
Administrative Agent or its counsel determines that such pledge would not provide material credit
support for the benefit of the Secured Parties pursuant to legally valid, binding and enforceable
pledge agreements.

          (c) Without limiting the foregoing, the Borrower will, and will cause each Subsidiary to,
execute and deliver, or cause to be executed and delivered, to the Administrative Agent such
documents, agreements and instruments, and will take or cause to be taken such further actions
(including the filing and recording of financing statements, fixture filings, Mortgages, deeds of
trust and other documents and such other actions or deliveries of the type required by Section
4.01, as applicable), which may be required by law or which the Administrative Agent may, from time
to time, reasonably request to carry out the terms and conditions of this Agreement and the other
Loan Documents and to ensure perfection and priority of the Liens created or intended to be created
by the Collateral Documents, all at the expense of the Borrower.

          (d) If any assets (including any real property or improvements thereto or any interest therein
but excluding any Excluded Assets) are acquired by a Loan Party after the Effective Date (other
than assets constituting Collateral under the Security Agreement that become subject to the Lien
under the Security Agreement upon acquisition thereof), the Borrower will notify the Administrative
Agent thereof, and, if requested by the Administrative Agent, the Borrower will cause such assets
to be subjected to a Lien securing the Secured Obligations and will take, and cause the other Loan
Parties to take, such actions as shall be necessary or reasonably requested by the Administrative
Agent to grant and perfect such Liens, including actions described in paragraph (c) of this
Section, all at the expense of the Borrower.

ARTICLE VI

Negative Covenants

          Until the Commitments have expired or terminated and the principal of and interest on each
Loan and all fees payable hereunder have been paid in full and all Letters of Credit have expired
or

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terminated and all LC Disbursements shall have been reimbursed, the Borrower covenants and
agrees with the Lenders that:

          SECTION 6.01. Indebtedness. The Borrower will not, and will not permit any
Subsidiary to, create, incur, assume or permit to exist any Indebtedness, except:

     (a) the Secured Obligations;

     (b) Indebtedness existing on the date hereof under the Convertible Notes or otherwise
set forth in Schedule 6.01 and extensions, renewals and replacements of any such
Indebtedness (other than the Convertible Notes) that does not increase the outstanding
principal amount thereof;

     (c) Indebtedness of the Borrower to any Subsidiary and of any Subsidiary to the
Borrower or any other Subsidiary; provided that Indebtedness of any Subsidiary that
is not a Loan Party to any Loan Party shall be subject to the limitations set forth in
Section 6.04(d);

     (d) Guarantees by the Borrower of Indebtedness of any Subsidiary and by any Subsidiary
of Indebtedness of the Borrower or any other Subsidiary;

     (e) Indebtedness of the Borrower or any Subsidiary incurred to finance the acquisition,
construction or improvement of any fixed or capital assets, including Capital Lease
Obligations and any Indebtedness assumed in connection with the acquisition of any such
assets or secured by a Lien on any such assets prior to the acquisition thereof, and
extensions, renewals and replacements of any such Indebtedness that do not increase the
outstanding principal amount thereof; provided that (i) such Indebtedness is
incurred prior to or within ninety (90) days after such acquisition or the completion of
such construction or improvement and (ii) the aggregate principal amount of Indebtedness
permitted by this clause (e) shall not exceed $25,000,000 at any time outstanding;

     (f) Indebtedness of the Borrower or any Subsidiary incurred in the ordinary course of
business as an account party in respect of letters of credit or with respect to any surety
bonds, performance bonds, customs bonds, statutory, appeal or similar bonds, completion
guarantees or other obligations of a like nature;

     (g) Indebtedness of the Borrower or any Domestic Subsidiary that is either unsecured or
secured by a Lien on any asset of the Borrower or any Domestic Subsidiary; provided
that the aggregate outstanding principal amount of Indebtedness permitted by this clause (g)
shall not in the aggregate exceed $25,000,000 at any time;

     (h) Indebtedness of a Subsidiary existing at the time such Person becomes a Subsidiary
pursuant to a Permitted Acquisition; provided that (i) such Indebtedness was not
incurred by such Person in connection with, or in anticipation or contemplation of, such
Person becoming a Subsidiary and (ii) the aggregate outstanding principal amount of all such
Indebtedness does not exceed $15,000,000 at any time;

     (i) Indebtedness of any Foreign Subsidiary that is either unsecured or secured by a
Lien on any asset of any Foreign Subsidiary; provided that the aggregate outstanding
principal amount of Indebtedness permitted by this clause (i) shall not in the aggregate
exceed $10,000,000 at any time; and

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     (j) Permitted Qualifying Indebtedness.

          SECTION 6.02. Liens. The Borrower will not, and will not permit any Subsidiary to,
create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter
acquired by it, except:

          (a) Liens created pursuant to any Loan Document;

          (b) Permitted Encumbrances;

     (c) any Lien on any property or asset of, or leased by, the Borrower or any Subsidiary
existing on the date hereof and set forth in Schedule 6.02; provided that
(i) such Lien shall not apply to any other property or asset of the Borrower or any
Subsidiary and (ii) such Lien shall secure only those obligations which it secures on the
date hereof and extensions, renewals and replacements thereof that do not increase the
outstanding principal amount thereof;

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

     (e) Liens on fixed or capital assets acquired, constructed or improved by the Borrower
or any Subsidiary; provided that (i) such security interests secure Indebtedness
permitted by clause (e) of Section 6.01, (ii) such security interests and the Indebtedness
secured thereby are incurred prior to or within ninety (90) days after such acquisition or
the completion of such construction or improvement, (iii) the Indebtedness secured thereby
does not exceed the cost of acquiring, constructing or improving such fixed or capital
assets and (iv) such security interests shall not apply to any other property or assets of
the Borrower or any Subsidiary; and

     (f) Liens on any Equity Interests in the China Joint Venture;

     (g) Liens upon real property heretofore leased or leased after the Effective Date
(under operating or Capital Leases) in the ordinary course of business by the Borrower or
any of its Subsidiaries in favor of the lessor created at the inception of the lease
transaction, securing obligations of the Borrower or any of its Subsidiaries under or in
respect of such lease and extending to or covering only the property subject to such lease
and improvements thereon;

     (h) any interest or title of a lessor, sublessor licensee or licensor under any lease
or license entered into by the Borrower or any of its Subsidiaries in the ordinary course of
business and covering only the assets so leased or licensed;

     (i) protective Uniform Commercial Code filings with respect to personal property leased
by, or consigned to, any of the Borrower or its Subsidiaries;

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     (j) Liens on assets of the Borrower and its Domestic Subsidiaries not otherwise
permitted above so long as the aggregate principal amount of the Indebtedness and other
obligations subject to such Liens does not at any time exceed $25,000,000; and

     (k) Liens on assets of any Foreign Subsidiary not otherwise permitted above so long as
the aggregate principal amount of the Indebtedness and other obligations subject to such
Liens does not at any time exceed $10,000,000.

          SECTION 6.03. Fundamental Changes and Asset Sales. (a) The Borrower will not, and
will not permit any Subsidiary to, merge into or consolidate with any other Person, or permit any
other Person to merge into or consolidate with it, or sell, transfer, lease or otherwise dispose of
(in one transaction or in a series of related transactions) any of its assets (including pursuant
to a Sale and Leaseback Transaction), or any of the Equity Interests of any of its Subsidiaries (in
each case, whether now owned or hereafter acquired), or liquidate or dissolve, except that, if at
the time thereof and immediately after giving effect thereto no Event of Default shall have
occurred and be continuing:

     (i) any Person may merge into the Borrower in a transaction in which the Borrower is
the surviving corporation and any Person (other than the Borrower) may merge into a
Subsidiary in a transaction in which the surviving entity is a Subsidiary; provided
that such merger shall constitute a Permitted Acquisition to the extent it involves a Person
other than the Borrower or any of its Subsidiaries;

     (ii) any Subsidiary may merge into a Loan Party in a transaction in which the
surviving entity is such Loan Party (provided that any such merger involving the Borrower
must result in the Borrower as the surviving entity) and any Subsidiary that is not a Loan
Party may merge into any other Subsidiary that is not a Loan Party;

     (iii) the Borrower or any Subsidiary may sell, transfer, lease or otherwise dispose of
its assets to a Loan Party, and any Subsidiary that is not a Loan Party may sell, transfer,
lease or otherwise dispose of its assets to any other Subsidiary that is not a Loan Party;

     (iv) the Borrower and its Subsidiaries may (A) sell inventory in the ordinary course
of business, (B) effect sales, trade-ins or dispositions of excess or used equipment for
value in the ordinary course of business consistent with past practice, (C) enter into
licenses of technology in the ordinary course of business, (D) sell or dispose of Equity
Interests in the China Joint Venture, (E) engage in sale-leaseback transactions permitted by
Section 6.10, (F) sell, transfer or otherwise dispose of Permitted Investments in the
ordinary course of business and (G) make any other sales, transfers, leases or dispositions
that, together with the book value of all other property of the Borrower and its
Subsidiaries previously leased, sold or disposed of as permitted by this clause (G) during
the any fiscal year of the Borrower, does not exceed five percent (5%) of the book value of
Consolidated Tangible Assets as of the most recently ended fiscal quarter of the Borrower;
and

     (v) any Subsidiary that is not a Material Domestic Subsidiary may liquidate or
dissolve if the Borrower determines in good faith that such liquidation or dissolution is in
the best interests of the Borrower and is not materially disadvantageous to the Lenders;
provided that, after payment of any amount of contingent or actual liabilities of such
Subsidiary, any assets of such Subsidiary shall be transferred to the Borrower or any of its Subsidiaries in
connection with such liquidation or dissolution.

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          (b) The Borrower will not, and will not permit any of its Subsidiaries to, engage to any
material extent in any business other than businesses of the type conducted by the Borrower and its
Subsidiaries on the date of execution of this Agreement and businesses reasonably related thereto.

          (c) The Borrower will not, nor will it permit any of its Subsidiaries to, change its fiscal
year from the basis in effect for the Borrower on the Effective Date.

          SECTION 6.04. Investments, Loans, Advances and Acquisitions. The Borrower will not,
and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to
any merger with any Person that was not a wholly owned Subsidiary prior to such merger) any capital
stock, evidences of indebtedness or other securities (including any option, warrant or other right
to acquire any of the foregoing but excluding Restricted Payments permitted by Section 6.07) of,
make or permit to exist any loans or advances to, make or permit to exist any investment or any
other interest in, any other Person, or purchase or otherwise acquire (in one transaction or a
series of transactions) any Person or any assets of any other Person constituting a business unit,
except:

          (a) cash and Permitted Investments;

          (b) Permitted Acquisitions;

          (c) investments by the Borrower and its Subsidiaries existing on the date hereof;

          (d) investments, loans, advances or capital contributions made by the Borrower in or to any
Subsidiary and made by any Subsidiary in or to the Borrower or any other Subsidiary (provided that
not more than an aggregate amount of $5,000,000 in investments, loans, advances or capital
contributions may be made and remain outstanding, at any time, by Loan Parties to Subsidiaries
which are not Loan Parties);

          (e) operating deposit accounts with depository institutions;

          (f) investments received in connection with a disposition permitted under Section 6.03 and
investments (including debt obligations) received in the ordinary course of business by the
Borrower or any Subsidiary in connection with the bankruptcy or reorganization of suppliers and
customers and in settlement of delinquent obligations of, and other disputes with, customers and
suppliers arising out of the ordinary course of business;

          (g) purchases of inventory and other assets to be sold or used in the ordinary course of
business and, to the extent constituting investments or loans, accounts receivable or notes
receivable arising in the ordinary course of business;

          (h) loans and advances to employees in the ordinary course of business not exceeding
$2,500,000 in the aggregate at any time outstanding;

          (i) investments in the form of Swap Agreements permitted under Section 6.05;

          (j) deposits to secure bids, tenders, utilities, vendors, leases, licenses, statutory
obligations, surety and appeal bonds and other deposits of like nature arising in the ordinary
course of business;

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          (k) investments by the Borrower or any of Subsidiaries, each of which (i) existed before the
time of acquisition of the Person or assets of the Person who made such investment and (ii) was not
made in anticipation of such acquisition;

          (l) investments in the China Joint Venture so long as the aggregate amount of such investments
does not exceed $10,000,000 during the term of this Agreement; and

          (m) any other investment, loan or advance (other than acquisitions) so long as the aggregate
amount of all such investments, loans and advances does not exceed $10,000,000 during the term of
this Agreement.

          It is understood and agreed that for purposes of determining the value of any investment
outstanding for purposes of this Section 6.04, such amount shall deemed to be the amount of such
investment when made, purchased or acquired less any returns on such investment (not to exceed the
original amount invested).

          SECTION 6.05. Swap Agreements. The Borrower will not, and will not permit any of its
Subsidiaries to, enter into any Swap Agreement, except (a) Swap Agreements entered into to hedge or
mitigate risks to which the Borrower or any Subsidiary reasonably believes it has actual exposure
(other than those in respect of Equity Interests of the Borrower or any of its Subsidiaries), and
(b) Swap Agreements entered into in order to effectively cap, collar or exchange interest rates
(from fixed to floating rates, from one floating rate to another floating rate or otherwise) with
respect to any interest-bearing liability or investment of the Borrower or any Subsidiary or with
respect to foreign currency exposure.

          SECTION 6.06. Transactions with Affiliates. Except as expressly permitted by this
Agreement, the Borrower will not, and will not permit any of its Subsidiaries to, sell, lease or
otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property
or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except
(a) at prices and on terms and conditions not less favorable to the Borrower or such Subsidiary
than could be obtained on an arm’s-length basis from unrelated third parties, (b) transactions
between or among the Borrower and its wholly owned Subsidiaries not involving any other Affiliate,
(c) any Restricted Payment permitted by Section 6.07 and (d) so long as no Event of Default shall
have occurred and be continuing or would result therefrom, fees may be paid to any of its
Affiliates in an aggregate amount not to exceed $1,000,000 in any fiscal year plus all
out-of-pocket costs and expenses incurred by any such Affiliate, in each case in connection with
their performance of management, consulting, monitoring, financial advisory or other services with
respect to the Borrower and the Subsidiaries.

          SECTION
6.07. Restricted Payments. The Borrower will not, and will not permit any of
its Subsidiaries to, declare or make, or agree to pay or make, directly or indirectly, any
Restricted Payment, except (a) the Borrower may declare and pay dividends with respect to its
Equity Interests payable solely in additional shares of its common stock, (b) Subsidiaries may
declare and pay dividends ratably with respect to their Equity Interests, (c) the Borrower may make
Restricted Payments pursuant to and in accordance with stock option plans or other benefit plans
for management or employees of the Borrower and its Subsidiaries and (d) the Borrower and its
Subsidiaries may make any other Restricted Payment so long as no Default or Event of Default has
occurred and is continuing prior to making such Restricted Payment or would arise after giving
effect (including giving effect on a Pro Forma Basis) thereto and the aggregate amount of all such
Restricted Payments permitted under this clause (d) during any fiscal year of the Borrower does not
exceed $25,000,000.

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          SECTION
6.08. Restrictive Agreements. The Borrower will not, and will not permit any
of its Subsidiaries to, directly or indirectly, enter into, incur or permit to exist any agreement
or other arrangement that prohibits, restricts or imposes any condition upon (a) the ability of the
Borrower or any Subsidiary to create, incur or permit to exist any Lien upon any of its property or
assets, or (b) the ability of any Subsidiary to pay dividends or other distributions with respect
to holders of its Equity Interests or to make or repay loans or advances to the Borrower or any
other Subsidiary or to Guarantee Indebtedness of the Borrower or any other Subsidiary;
provided that (i) the foregoing shall not apply to restrictions and conditions imposed by
law or by any Loan Document, (ii) the foregoing shall not apply to customary restrictions and
conditions contained in agreements relating to the sale of a Subsidiary pending such sale or
relating to a joint venture, provided such restrictions and conditions apply only to the Subsidiary
that is to be sold and such sale, or joint venture, as the case may be, is permitted hereunder,
(iii) clause (a) of the foregoing shall not apply to restrictions or conditions imposed by any
agreement relating to secured Indebtedness permitted by this Agreement or any Permitted Lien if
such restrictions or conditions apply only to the property or assets securing such Indebtedness or
that is the subject of such Permitted Lien, (iv) clause (a) of the foregoing shall not apply to
customary provisions in leases and other contracts restricting the assignment thereof and (v) the
foregoing shall not apply to (A) customary restrictions and conditions contained in any indenture,
agreement, document or instrument governing Permitted Qualifying Indebtedness issued or incurred in
compliance with this Agreement, or (B) restrictions and conditions in any indenture, agreement,
document, instrument or other arrangement relating to the assets or business of any Subsidiary
existing prior to the consummation of a Permitted Acquisition in which such Subsidiary was acquired
(and not created in contemplation of such Permitted Acquisition).

          SECTION 6.09. Subordinated Indebtedness and Amendments to Subordinated Indebtedness
Documents. The Borrower will not, and will not permit any Subsidiary to, directly or indirectly
voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire,
any Subordinated Indebtedness or any Indebtedness from time to time outstanding under the
Subordinated Indebtedness Documents. Furthermore, the Borrower will not, and will not permit any
Subsidiary to, amend the Subordinated Indebtedness Documents or any document, agreement or
instrument evidencing any Indebtedness incurred pursuant to the Subordinated Indebtedness Documents
(or any replacements, substitutions, extensions or renewals thereof) or pursuant to which such
Indebtedness is issued where such amendment, modification or supplement amends, modifies or adds
any provision thereof in a manner which (i) when taken as a whole, is materially adverse to the
Borrower, any Subsidiary and/or the Lenders or (ii) is more onerous than the existing applicable
provision in the Subordinated Indebtedness Documents or the applicable provision in this Agreement.

          SECTION
6.10. Sale and Leaseback Transactions. The Borrower shall not, nor shall it
permit any Subsidiary to, enter into any Sale and Leaseback Transaction, other than Sale and
Leaseback Transactions in respect of which the net cash proceeds received in connection therewith
does not exceed $10,000,000 in the aggregate during the term of this Agreement, determined on a
consolidated basis for the Borrower and its Subsidiaries.

          SECTION 6.11. Financial Covenants. Maximum Leverage Ratio. The Borrower
will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its
fiscal quarters ending on and after September 30, 2010, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4)
consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the
Borrower and its Subsidiaries on a consolidated basis, to be greater than 3.50 to 1.00.

          (b) Maximum Senior Leverage Ratio. The Borrower will not permit the ratio (the
“Senior Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on
and after September 30, 2010, of (i) Consolidated Senior Indebtedness to (ii) Consolidated EBITDA
for the period

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of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter,
all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be greater than
2.50 to 1.00

          (c) Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the
“Interest Coverage Ratio”), determined as of the end of each of its fiscal quarters ending
on and after September 30, 2010, of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense,
in each case for the period of four (4) consecutive fiscal quarters ending with the end of such
fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be
less than 3.00 to 1.00.

          (d) Minimum Liquidity. The Borrower shall not permit Liquidity to be less than
$200,000,000 for the period commencing on April 1, 2011 and ending on July 1, 2011;
provided that this Section 6.11(d) shall not be applicable on July 1, 2011 after such time
as payment is made in respect of the Convertible Notes.

ARTICLE VII

Events of Default

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

          (a) the Borrower shall fail to pay any principal of any Loan or any reimbursement obligation
in respect of any LC Disbursement when and as the same shall become due and payable, whether at the
due date thereof or at a date fixed for prepayment thereof or otherwise;

          (b) the Borrower shall fail to pay any interest on any Loan or any fee or any other amount
(other than an amount referred to in clause (a) of this Article) payable under this Agreement or
any other Loan Document, when and as the same shall become due and payable, and such failure shall
continue unremedied for a period of three (3) Business Days;

          (c) any representation or warranty made or deemed made by or on behalf of the Borrower or any
Subsidiary Guarantor in or in connection with this Agreement or any other Loan Document or any
amendment or modification hereof or thereof or waiver hereunder or thereunder, or in any report,
certificate, financial statement or other document furnished pursuant to or in connection with this
Agreement or any other Loan Document or any amendment or modification thereof or waiver thereunder,
shall prove to have been incorrect in any material respect when made or deemed made;

          (d) the Borrower shall fail to observe or perform any covenant, condition or agreement
contained in Section 5.02, 5.03 (with respect to the Borrower’s existence), 5.08 or 5.09 or in
Article VI;

          (e) the Borrower or any Subsidiary Guarantor, as applicable, shall fail to observe or perform
any covenant, condition or agreement contained in this Agreement (other than those specified in
clause (a), (b) or (d) of this Article) or any other Loan Document, and such failure shall
continue unremedied for a period of thirty (30) days after (i) an officer of the Borrower or any
Subsidiary Guarantor obtains actual knowledge thereof or (ii) notice thereof from the
Administrative Agent to the Borrower (which notice will be given at the request of any Lender);

          (f) the Borrower or any Subsidiary shall fail to make any payment (whether of principal or
interest and regardless of amount) in respect of any Material Indebtedness, when and as the same
shall become due and payable beyond the period of grace, if any, in the instrument or agreement
under which such Material Indebtedness was created;

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          (g) any event or condition occurs that results in any Material Indebtedness becoming due prior
to its scheduled maturity or that enables or permits (with or without the giving of notice, the
lapse of time or both) the holder or holders of any Material Indebtedness or any trustee or agent
on its or their behalf to cause any Material Indebtedness to become due, or to require the
prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity;
provided that this clause (g) shall not apply to secured Indebtedness that becomes due as a
result of the voluntary sale or transfer of the property or assets securing such Indebtedness;

          (h) an involuntary proceeding shall be commenced or an involuntary petition shall be filed
seeking (i) liquidation, reorganization or other relief in respect of the Borrower or any
Significant Subsidiary or its debts, or of a substantial part of its assets, under any Federal,
state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or
(ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar
official for the Borrower or any Significant Subsidiary or for a substantial part of its assets,
and, in any such case, such proceeding or petition shall continue undismissed for sixty (60) days
or an order or decree approving or ordering any of the foregoing shall be entered;

          (i) the Borrower or any Significant Subsidiary shall (i) voluntarily commence any proceeding
or file any petition seeking liquidation, reorganization or other relief under any Federal, state
or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii)
consent to the institution of, or fail to contest in a timely and appropriate manner, any
proceeding or petition described in clause (h) of this Article, (iii) apply for or consent to the
appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for
the Borrower or any Significant Subsidiary or for a substantial part of its assets, (iv) file an
answer admitting the material allegations of a petition filed against it in any such proceeding,
(v) make a general assignment for the benefit of creditors or (vi) take any action for the purpose
of effecting any of the foregoing;

          (j) the Borrower or any Significant Subsidiary shall become unable, admit in writing its
inability or fail generally to pay its debts as they become due;

          (k) one or more judgments for the payment of money in an aggregate amount in excess of
$10,000,000 (to the extent not covered by a valid and binding policy of insurance (other than
self-insurance) in favor of the Borrower or relevant Subsidiary) shall be rendered against the
Borrower, any Subsidiary or any combination thereof and the same shall remain undischarged for a
period of thirty (30) consecutive days during which execution shall not be effectively stayed, by
reason of a pending appeal or otherwise, or any action shall be legally taken by a judgment
creditor to attach or levy upon any material assets of the Borrower or any Subsidiary to enforce
any such judgment;

          (l) an ERISA Event shall have occurred that, when taken together with all other ERISA Events
that have occurred, could reasonably be expected to result in a Material Adverse Effect;

          (m) a Change in Control shall occur; or

          (n) any material provision of any Loan Document for any reason ceases to be valid, binding and
enforceable in accordance with its terms (or the Borrower or any Subsidiary shall challenge the
enforceability of any Loan Document or shall assert in writing, or engage in any action or inaction
based on any such assertion, that any provision of any of the Loan Documents has ceased to be or
otherwise is not valid, binding and enforceable in accordance with its terms);

then, and in every such event (other than an event with respect to the Borrower described in clause
(h) or (i) of this Article), and at any time thereafter during the continuance of such event, the
Administrative

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Agent may, and at the request of the Required Lenders shall, by notice to the
Borrower, take either or both of the following actions, at the same or different times: (i)
terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii)
declare the Loans then outstanding to be due and payable in whole (or in part, in which case any
principal not so declared to be due and payable may thereafter be declared to be due and payable),
and thereupon the principal of the Loans so declared to be due and payable, together with accrued
interest thereon and all fees and other Secured Obligations of the Borrower accrued hereunder and
under the other Loan Documents, shall become due and payable immediately, without presentment,
demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; and in
case of any event with respect to the Borrower described in clause (h) or (i) of this Article, the
Commitments shall automatically terminate and the principal of the Loans then outstanding, together
with accrued interest thereon and all fees and other Secured Obligations accrued hereunder and
under the other Loan Documents, shall automatically become due and payable, without presentment,
demand, protest or other notice of any kind, all of which are hereby waived by the Borrower. Upon
the occurrence and during the continuance of an Event of Default, the Administrative Agent may, and
at the request of the Required Lenders shall, exercise any rights and remedies provided to the
Administrative Agent under the Loan Documents or at law or equity, including all remedies provided
under the UCC.

ARTICLE VIII

The Administrative Agent

          Each of the Lenders and the Issuing Bank hereby irrevocably appoints the Administrative Agent
as its agent and authorizes the Administrative Agent to take such actions on its behalf, including
execution of the other Loan Documents, and to exercise such powers as are delegated to the
Administrative Agent by the terms of the Loan Documents, together with such actions and powers as
are reasonably incidental thereto.

          The bank serving as the Administrative Agent hereunder shall have the same rights and powers
in its capacity as a Lender as any other Lender and may exercise the same as though it were not the
Administrative Agent, and such bank 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 other Affiliate
thereof as if it were not the Administrative Agent hereunder.

          The Administrative Agent shall not have any duties or obligations except those expressly set
forth in the Loan Documents. Without limiting the generality of the foregoing, (a) the
Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of
whether a Default has occurred and is continuing, (b) the Administrative Agent shall not have any
duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly
contemplated by the Loan Documents that the Administrative Agent is required to exercise in writing
as directed by the Required Lenders (or such other number or percentage of the Lenders as shall be
necessary under the circumstances as provided in Section 9.02), and (c) except as expressly set
forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and
shall not be liable for the failure to disclose, any information relating to the Borrower or any of
its Subsidiaries that is communicated to or obtained by the bank serving as Administrative Agent or
any of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action
taken or not taken by it with the consent or at the request of the Required Lenders (or such other
number or percentage of the Lenders as shall be necessary under the circumstances as provided in
Section 9.02) or in the absence of its own gross negligence or willful misconduct. The
Administrative Agent shall be deemed not to have knowledge of any Default unless and until written
notice thereof is given to the Administrative Agent by the Borrower

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or a Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i)
any statement, warranty or representation made in or in connection with any Loan Document, (ii) the
contents of any certificate, report or other document delivered hereunder or in connection with any
Loan Document, (iii) the performance or observance of any of the covenants, agreements or other
terms or conditions set forth in any Loan Document, (iv) the validity, enforceability,
effectiveness or genuineness of any Loan Document or any other agreement, instrument or document,
(v) the creation, perfection or priority of Liens on the Collateral or the existence of the
Collateral or (vi) the satisfaction of any condition set forth in Article IV or elsewhere in any
Loan Document, other than to confirm receipt of items expressly required to be delivered to the
Administrative Agent.

          The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for
relying upon, any notice, request, certificate, consent, statement, instrument, document or other
writing believed by it to be genuine and to have been signed or sent by the proper Person. The
Administrative Agent also may rely upon any statement made to it orally or by telephone and
believed by it to be made by the proper Person, and shall not incur any liability for relying
thereon. The Administrative Agent may consult with legal counsel (who may be counsel for the
Borrower), independent accountants and other experts selected by it, and shall not be liable for
any action taken or not taken by it in accordance with the advice of any such counsel, accountants
or experts.

          The Administrative Agent may perform any and all its duties and exercise its rights and powers
by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative
Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers
through their respective Related Parties. The exculpatory provisions of the preceding paragraphs
shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any
such sub-agent, and shall apply to their respective activities in connection with the syndication
of the credit facilities provided for herein as well as activities as Administrative Agent.

          Subject to the appointment and acceptance of a successor Administrative Agent as provided in
this paragraph, the Administrative Agent may resign at any time by notifying the Lenders, the
Issuing Bank and the Borrower. Upon any such resignation, the Required Lenders shall have the
right to appoint a successor (such successor to be approved by the Borrower, such approval not to
be unreasonably withheld or delayed; provided, however, if an Event of Default shall exist at such
time, no approval of the Borrower shall be required hereunder). If no successor shall have been so
appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days
after the retiring Administrative Agent gives notice of its resignation, then the retiring
Administrative Agent may, on behalf of the Lenders and the Issuing Bank, appoint a successor
Administrative Agent which shall be a bank with an office in New York, New York, or an Affiliate of
any such bank. Upon the acceptance of its appointment as Administrative Agent hereunder by a
successor, such successor shall succeed to and become vested with all the rights, powers,
privileges and duties of the retiring Administrative Agent, and
the retiring Administrative Agent shall be discharged from its duties and obligations
hereunder. The fees payable by the Borrower to a successor Administrative Agent shall be the same
as those payable to its predecessor unless otherwise agreed between the Borrower and such
successor. After the Administrative Agent’s resignation hereunder, the provisions of this Article
and Section 9.03 shall continue in effect for the benefit of such retiring Administrative Agent,
its sub-agents and their respective Related Parties in respect of any actions taken or omitted to
be taken by any of them while it was acting as Administrative Agent.

          Each Lender acknowledges that it has, independently and without reliance upon the
Administrative Agent or any other Lender and based on such documents and information as it has
deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each
Lender also acknowledges that it will, independently and without reliance upon the Administrative
Agent or any other

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Lender and based on such documents and information as it shall from time to time
deem appropriate, continue to make its own decisions in taking or not taking action under or based
upon this Agreement, any other Loan Document or any related agreement or any document furnished
hereunder or thereunder.

          None of the Lenders, if any, identified in this Agreement as a Co-Syndication Agent or
Co-Documentation Agent shall have any right, power, obligation, liability, responsibility or duty
under this Agreement other than those applicable to all Lenders as such. Without limiting the
foregoing, none of such Lenders shall have or be deemed to have a fiduciary relationship with any
Lender. Each Lender hereby makes the same acknowledgments with respect to the relevant Lenders in
their respective capacities as Co-Syndication Agents or Co-Documentation Agents, as applicable, as
it makes with respect to the Administrative Agent in the preceding paragraph.

          The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts or
omissions of, or (except as otherwise set forth herein in case of the Administrative Agent)
authorized to act for, any other Lender. The Administrative Agent shall have the exclusive right
on behalf of the Lenders to enforce the payment of the principal of and interest on any Loan after
the date such principal or interest has become due and payable pursuant to the terms of this
Agreement.

          In its capacity, the Administrative Agent is a “representative” of the Secured Parties within
the meaning of the term “secured party” as defined in the New York Uniform Commercial Code. Each
Lender authorizes the Administrative Agent to enter into each of the Collateral Documents to which
it is a party and to take all action contemplated by such documents. Each Lender agrees that no
Secured Party (other than the Administrative Agent) shall have the right individually to seek to
realize upon the security granted by any Collateral Document, it being understood and agreed that
such rights and remedies may be exercised solely by the Administrative Agent for the benefit of the
Secured Parties upon the terms of the Collateral Documents. In the event that any Collateral is
hereafter pledged by any Person as collateral security for the Secured Obligations, the
Administrative Agent is hereby authorized, and hereby granted a power of attorney, to execute and
deliver on behalf of the Secured Parties any Loan Documents necessary or appropriate to grant and
perfect a Lien on such Collateral in favor of the Administrative Agent on behalf of the Secured
Parties. The Administrative Agent is further authorized, and hereby granted a power of attorney,
to execute and deliver on behalf of the Secured Parties any intercreditor agreements necessary or
appropriate to subordinate Subordinated Indebtedness to the Secured Obligations. The Lenders
hereby authorize the Administrative Agent, at its option and in its discretion, to release any Lien
granted to or held by the Administrative Agent upon any Collateral (i) as described in Section
9.02(d); (ii) as permitted by, but only in accordance with, the terms of the applicable Loan
Document; or (iii) if approved, authorized or ratified in writing by the Required Lenders, unless
such release is required to be approved by all of the Lenders hereunder. Upon request by the
Administrative Agent at any time, the Lenders will confirm in writing the Administrative Agent’s
authority to release particular types or items of Collateral pursuant hereto. Upon any sale or
transfer of assets constituting Collateral which is permitted pursuant to the terms of any Loan Document,
or consented to in writing by the Required Lenders or all of the Lenders, as applicable, and upon
at least five (5) Business Days’ prior written request by the Borrower to the Administrative Agent,
the Administrative Agent shall (and is hereby irrevocably authorized by the Lenders to) execute
such documents as may be necessary to evidence the release of the Liens granted to the
Administrative Agent for the benefit of the Secured Parties herein or pursuant hereto upon the
Collateral that was sold or transferred; provided, however, that (i) the Administrative Agent shall
not be required to execute any such document on terms which, in the Administrative Agent’s
reasonable opinion, would expose the Administrative Agent to liability or create any obligation or
entail any consequence other than the release of such Liens without recourse or warranty, and (ii)
such release shall not in any manner discharge, affect or impair the Secured Obligations or any
Liens upon (or obligations of the Borrower or any Subsidiary in respect of) all

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interests retained by the Borrower or any Subsidiary, including (without limitation) the proceeds of the sale, all of
which shall continue to constitute part of the Collateral.

          The Borrower, on its behalf and on behalf of its Subsidiaries, and each Lender, on its behalf
and on the behalf of its affiliated Secured Parties, hereby irrevocably constitute the
Administrative Agent as the holder of an irrevocable power of attorney (fondé de pouvoir within the
meaning of Article 2692 of the Civil Code of Québec) in order to hold hypothecs and security
granted by the Borrower or any Subsidiary on property pursuant to the laws of the Province of
Quebec to secure obligations of the Borrower or any Subsidiary under any bond, debenture or similar
title of indebtedness issued by the Borrower or any Subsidiary in connection with this Agreement,
and agree that the Administrative Agent may act as the bondholder and mandatary with respect to any
bond, debenture or similar title of indebtedness that may be issued by the Borrower or any
Subsidiary and pledged in favor of the Secured Parties in connection with this Agreement.
Notwithstanding the provisions of Section 32 of the An Act respecting the special powers of legal
persons (Quebec), JPMorgan Chase Bank, N.A. as Administrative Agent may acquire and be the holder
of any bond issued by the Borrower or any Subsidiary in connection with this Agreement (i.e., the
fondé de pouvoir may acquire and hold the first bond issued under any deed of hypothec by the
Borrower or any Subsidiary).

          The Administrative Agent is hereby authorized to execute and deliver any documents necessary
or appropriate to create and perfect the rights of pledge for the benefit of the Secured Parties
including a right of pledge with respect to the entitlements to profits, the balance left after
winding up and the voting rights of the Borrower as ultimate parent of any subsidiary of the
Borrower which is organized under the laws of the Netherlands and the Equity Interests of which are
pledged in connection herewith (a “Dutch Pledge”). Without prejudice to the provisions of
this Agreement and the other Loan Documents, the parties hereto acknowledge and agree with the
creation of parallel debt obligations of the Borrower or any relevant Subsidiary as will be
described in any Dutch Pledge (the “Parallel Debt”), including that any payment received by
the Administrative Agent in respect of the Parallel Debt will — conditionally upon such payment not
subsequently being avoided or reduced by virtue of any provisions or enactments relating to
bankruptcy, insolvency, preference, liquidation or similar laws of general application — be deemed
a satisfaction of a pro rata portion of the corresponding amounts of the Obligations, and any
payment to the Secured Parties in satisfaction of the Obligations shall — conditionally upon such
payment not subsequently being avoided or reduced by virtue of any provisions or enactments
relating to bankruptcy, insolvency, preference, liquidation or similar laws of general application
- be deemed as satisfaction of the corresponding amount of the Parallel Debt. The parties hereto
acknowledge and agree that, for purposes of a Dutch Pledge, any resignation by the Administrative
Agent is not effective until its rights under the Parallel Debt are assigned to the successor
Administrative Agent.

          The parties hereto acknowledge and agree for the purposes of taking and ensuring the
continuing validity of German law governed pledges (Pfandrechte) with the creation of parallel debt
obligations of the Borrower and its Subsidiaries as will be further described in a separate German
law governed parallel debt undertaking. The Administrative Agent shall (i) hold such parallel
debt undertaking as fiduciary agent (Treuhaender) and (ii) administer and hold as fiduciary agent
(Treuhaender) any pledge created under a German law governed Collateral Document which is created
in favor of any Secured Party or transferred to any Secured Party due to its accessory nature
(Akzessorietaet), in each case in its own name and for the account of the Secured Parties. Each
Lender, on its own behalf and on behalf of its affiliated Secured Parties, hereby authorizes the
Administrative Agent to enter as its agent in its name and on its behalf into any German law
governed Collateral Document, to accept as its agent in its name and on its behalf any pledge under
such Collateral Document and to agree to and execute as agent in its name and on its behalf any
amendments, supplements and other alterations to any such Collateral Document and to release any
such Collateral Document and any pledge

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created under any such Collateral Document in accordance with the provisions herein and/or the provisions in any such Collateral Document.

ARTICLE IX

Miscellaneous

          SECTION 9.01. Notices. (a) Except in the case of notices and other communications
expressly permitted to be given by telephone (and subject to paragraph (b) below), all notices and
other communications provided for herein shall be in writing and shall be delivered by hand or
overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows:

     (i) if to the Borrower, to it at 650 Massachusetts Avenue N.W., Washington D.C.,
20001, Attention of John Kinzer, Chief Financial Officer (Telecopy No. (202) 463-4860 x2240;
Telephone No. (202) 463-4863;

     (ii) if to the Administrative Agent, (A) in the case of Borrowings denominated in
Dollars, to JPMorgan Chase Bank, N.A., Loan and Agency Services — Mid Corporate, 10 South
Dearborn, Floor 7, Chicago, Illinois 60601, Attention of Sabana Johnson (Telecopy No. (888)
292-9533) and (B) in the case of Borrowings denominated in Foreign Currencies, to J.P.
Morgan Europe Limited, 125 London Wall, London EC2Y 5AJ, Attention of Manager: Loan Agency
(Telecopy No. 44 207 777 2360), and in each case with a copy (which shall not constitute
notice) to JPMorgan Chase Bank, N.A., 277 Park Avenue, 23rd Floor, New York, New
York 10172, Attention of Justin Kelley (Telecopy No. (646) 534-3078);

     (iii) if to the Issuing Bank, to it at JPMorgan Chase Bank, N.A., Loan and Agency
Services — Mid Corporate, 10 South Dearborn, Floor 7, Chicago, Illinois 60601, Attention of
Sabana Johnson (Telecopy No. (888) 292-9533), with a copy (which shall not constitute
notice) to JPMorgan Chase Bank, N.A., 277 Park Avenue, 23rd Floor, New York, New
York 10172, Attention of Justin Kelley (Telecopy No. (646) 534-3078);

     (iv) if to the Swingline Lender, to it at JPMorgan Chase Bank, N.A., Loan and Agency
Services — Mid Corporate, 10 South Dearborn, Floor 7, Chicago, Illinois 60601, Attention of
Sabana Johnson (Telecopy No. (888) 292-9533), with a copy (which shall not constitute
notice) to JPMorgan Chase Bank, N.A., 277 Park Avenue, 23rd Floor, New York, New
York 10172, Attention of Justin Kelley (Telecopy No. (646) 534-3078); and

     (v) if to any other Lender, to it at its address (or telecopy number) set forth in its
Administrative Questionnaire.

          (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications pursuant to procedures approved by the Administrative Agent;
provided that the foregoing shall not apply to notices pursuant to Article II unless
otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent
or the Borrower may, in its discretion, agree to accept notices and other communications to it
hereunder by electronic communications pursuant to procedures approved by it; provided that
approval of such procedures may be limited to particular notices or communications.

          (c) Any party hereto may change its address or telecopy number for notices and other
communications hereunder by notice to the other parties hereto. All notices and other
communications

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given to any party hereto in accordance with the provisions of this Agreement shall
be deemed to have been given on the date of receipt.

          SECTION 9.02. Waivers; Amendments. (a) No failure or delay by the Administrative
Agent, the Issuing Bank or any Lender in exercising any right or power hereunder or under any other
Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any
such right or power, or any abandonment or discontinuance of steps to enforce such a right or
power, preclude any other or further exercise thereof or the exercise of any other right or power.
The rights and remedies of the Administrative Agent, the Issuing Bank and the Lenders hereunder and
under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that
they would otherwise have. No waiver of any provision of any Loan Document or consent to any
departure by the Borrower therefrom shall in any event be effective unless the same shall be
permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only
in the specific instance and for the purpose for which given. Without limiting the generality of
the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a
waiver of any Default, regardless of whether the Administrative Agent, any Lender or the Issuing
Bank may have had notice or knowledge of such Default at the time.

          (b) Except as provided in Section 2.20 with respect to an Incremental Term Loan Amendment,
neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant
to an agreement or agreements in writing entered into by the Borrower and the Required Lenders or
by the Borrower and the Administrative Agent with the consent of the Required Lenders;
provided that no such agreement shall (i) increase the Commitment of any Lender without
the written consent of such Lender, (ii) reduce the principal amount of any Loan or LC Disbursement
or reduce the rate of interest thereon (other than as a result of a change in the definition of
Leverage Ratio or any of the components thereof or the method of calculation thereof), or reduce
any fees payable hereunder, without the written consent of each Lender directly affected thereby,
(iii) postpone the scheduled date of payment of the principal amount of any Loan or LC
Disbursement, or any interest thereon, or any fees payable hereunder, or reduce the amount of,
waive or excuse any such payment, or postpone the scheduled date of expiration of any Commitment,
without the written consent of each Lender directly affected thereby, (iv) change Section 2.18(b)
or (d) in a manner that would alter the pro rata sharing of payments required thereby, without the
written consent of each Lender, (v) change any of the provisions of this Section or the definition
of “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders
required to waive, amend or modify any rights hereunder or make any determination or grant any
consent hereunder, without the written consent of each Lender (it being understood that, solely
with the consent of the parties prescribed by Section 2.20 to be parties to an Incremental Term
Loan Amendment, Incremental Term Loans may be included in the determination of Required Lenders on
substantially the same basis as the Commitments and the Revolving Loans are included on the
Effective Date), (vi) release all or substantially all of the Subsidiary Guarantors from their
obligations under the Subsidiary Guaranty (except as otherwise permitted herein or in the other
Loan Documents) without the written consent of each Lender, or (vii) except as provided in clause
(d) of this Section or in any Collateral Document, release all or substantially all of the
Collateral, without the written consent of each Lender; provided further that no
such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative
Agent, the Issuing Bank or the Swingline Lender hereunder without the prior written consent of the
Administrative Agent, the Issuing Bank or the Swingline Lender, as the case may be.

          (c) Notwithstanding the foregoing, this Agreement and any other Loan Document may be amended
(or amended and restated) with the written consent of the Required Lenders, the Administrative
Agent and the Borrower to each relevant Loan Document (x) to add one or more credit facilities (in
addition to the Incremental Term Loans pursuant to an Incremental Term Loan Amendment) to this

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Agreement and to permit extensions of credit from time to time outstanding thereunder and the
accrued interest and fees in respect thereof to share ratably in the benefits of this Agreement and
the other Loan Documents with the Revolving Loans, Incremental Term Loans and the accrued interest
and fees in respect thereof and (y) to include appropriately the Lenders holding such credit
facilities in any determination of the Required Lenders and Lenders.

          (d) The Lenders hereby irrevocably authorize the Administrative Agent to, and the
Administrative Agent hereby agrees with the Borrower that it shall, release any Liens granted to
the Administrative Agent by the Loan Parties on any Collateral (i) upon the termination of all the
Commitments, payment and satisfaction in full in cash of all Secured Obligations (other than
Unliquidated Obligations), and the cash collateralization of all Unliquidated Obligations in a
manner satisfactory to the Administrative Agent, (ii) constituting property being sold or disposed
of if the Borrower certifies to the Administrative Agent that the sale or disposition is made in
compliance with the terms of this Agreement (and the Administrative Agent may rely conclusively on
any such certificate, without further inquiry), (iii) constituting property leased to the Borrower
or any Subsidiary under a lease which has expired or been terminated in a transaction permitted
under this Agreement, or (iv) as required to effect any sale or other disposition of such
Collateral in connection with any exercise of remedies of the Administrative Agent and the Lenders
pursuant to Article VII. Any such release shall not in any manner discharge, affect, or impair the
Obligations or any Liens (other than those expressly being released) upon (or obligations of the
Loan Parties in respect of) all interests retained by the Loan Parties, including the proceeds of
any sale, all of which shall continue to constitute part of the Collateral.

          (e) If, in connection with any proposed amendment, waiver or consent requiring the consent of
“each Lender” or “each Lender directly affected thereby,” the consent of the Required Lenders is
obtained, but the consent of other necessary Lenders is not obtained (any such Lender whose consent
is necessary but not obtained being referred to herein as a “Non-Consenting Lender”), then
the Borrower may elect to replace a Non-Consenting Lender as a Lender party to this Agreement,
provided that, concurrently with such replacement, (i) another bank or other entity which is
reasonably satisfactory to the Borrower and the Administrative Agent shall agree, as of such date,
to purchase for cash the Loans and other Obligations due to the Non-Consenting Lender pursuant to
an Assignment and Assumption and to become a Lender for all purposes under this Agreement and to
assume all obligations of the Non-Consenting Lender to be terminated as of such date and to comply
with the requirements of clause (b) of Section 9.04, and (ii) the Borrower shall pay to such
Non-Consenting Lender in same day funds on the day of such replacement (1) all interest, fees and
other amounts then accrued but unpaid to such Non-Consenting Lender by the Borrower hereunder to
and including the date of termination, including without limitation payments due to such
Non-Consenting Lender under Sections 2.15 and 2.17, and (2) an amount, if any, equal to the payment
which would have been due to such Lender on the day of such
replacement under Section 2.16 had the Loans of such Non-Consenting Lender been prepaid on
such date rather than sold to the replacement Lender.

          (f) Notwithstanding anything to the contrary herein the Administrative Agent may, with the
consent of the Borrower only, amend, modify or supplement this Agreement or any of the other Loan
Documents to cure any ambiguity, omission, mistake, defect or inconsistency.

          SECTION 9.03. Expenses; Indemnity; Damage Waiver. (a) The Borrower shall pay (i)
all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent and the
Lead Arranger, including the reasonable and documented fees, charges and disbursements of counsel
for the Administrative Agent, in connection with the syndication and distribution (including,
without limitation, via the internet or through a service such as Intralinks) of the credit
facilities provided for herein, the preparation and administration of this Agreement and the other
Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof
(whether or not the transactions

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contemplated hereby or thereby shall be consummated), (ii) all reasonable and documented out-of-pocket expenses incurred by the Issuing Bank in connection with
the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment
thereunder and (iii) all out-of-pocket expenses incurred by the Administrative Agent, the Issuing
Bank or any Lender, including the fees, charges and disbursements of any counsel for the
Administrative Agent, the Issuing Bank or any Lender, in connection with the enforcement or
protection of its rights in connection with this Agreement and any other Loan Document, including
its rights under this Section, or in connection with the Loans made or Letters of Credit issued
hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or
negotiations in respect of such Loans or Letters of Credit.

          (b) The Borrower shall indemnify the Administrative Agent, the Issuing Bank and each Lender,
and each Related Party of any of the foregoing Persons (each such Person being called an
“Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims,
damages, liabilities and related expenses, including the fees, charges and disbursements of any
counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in
connection with, or as a result of (i) the execution or delivery of any Loan Document or any
agreement or instrument contemplated thereby, the performance by the parties hereto of their
respective obligations thereunder or the consummation of the Transactions or any other transactions
contemplated hereby, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom
(including any refusal by the Issuing Bank to honor a demand for payment under a Letter of Credit
if the documents presented in connection with such demand do not strictly comply with the terms of
such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on
or from any property owned or operated by the Borrower or any of its Subsidiaries, or any
Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any
claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on
contract, tort or any other theory, whether brought by a third party or by the Borrower or any of
its Subsidiaries, and regardless of whether any Indemnitee is a party thereto; provided
that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses,
claims, damages, liabilities or related expenses are determined by a court of competent
jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence or
willful misconduct of such Indemnitee or (y) a material breach by such Indemnitee of the express
contractual obligation of such Indemnitee under the Loan Documents pursuant to a claim made by the
Borrower.

          (c) To the extent that the Borrower fails to pay any amount required to be paid by it to the
Administrative Agent, the Issuing Bank or the Swingline Lender under paragraph (a) or (b) of this
Section, each Lender severally agrees to pay to the Administrative Agent, the Issuing Bank or the
Swingline Lender, as the case may be, such Lender’s Applicable Percentage (determined as of the
time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount
(it being understood that the Borrower’s failure to pay any such amount shall not relieve the
Borrower of any default in the payment thereof); provided that the unreimbursed expense or
indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by
or asserted against the Administrative Agent, the Issuing Bank or the Swingline Lender in its
capacity as such.

          (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby
waives, any claim against any Indemnitee (i) for any damages arising from the use by others of
information or other materials obtained through telecommunications, electronic or other information
transmission systems (including the Internet) other than damages resulting from the gross
negligence or willful misconduct of such Indemnitee, or (ii) on any theory of liability, for
special, indirect, consequential or punitive damages (as opposed to direct or actual damages)
arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or
any agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or Letter of
Credit or the use of the proceeds thereof.

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          (e) All amounts due under this Section shall be payable not later than fifteen (15) days
after written demand (together with reasonably detailed invoices) therefor.

          SECTION 9.04. 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 permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of
Credit), except that (i) the Borrower may not assign or otherwise transfer any of its rights or
obligations hereunder without the prior written consent of each Lender (and any attempted
assignment or transfer by the Borrower without such consent shall be null and void) and (ii) no
Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance
with this Section. Nothing in this Agreement, expressed or implied, shall be construed to confer
upon any Person (other than the parties hereto, their respective successors and assigns permitted
hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit),
Participants (to the extent provided in paragraph (c) of this Section) and, to the extent expressly
contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Bank and
the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

     (b)(i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender
may assign to one or more assignees all or a portion of its rights and obligations under
this Agreement (including all or a portion of its Commitment and the Loans at the time owing
to it) with the prior written consent (such consent not to be unreasonably withheld) of:

     (A) the Borrower (provided that the Borrower shall be deemed to have consented
to any such assignment unless it shall object thereto by written notice to the
Administrative Agent within ten (10) Business Days after having received notice
thereof); provided, further, that no consent of the Borrower shall be
required for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund
or, if an Event of Default has occurred and is continuing, any other assignee;

     (B) the Administrative Agent; and

     (C) the Issuing Bank.

     (ii) Assignments shall be subject to the following additional conditions:

     (A) except in the case of an assignment to a Lender or an Affiliate of a Lender
or an Approved Fund or an assignment of the entire remaining amount of the assigning
Lender’s Commitment or Loans of any Class, the amount of the Commitment or Loans of
the assigning Lender subject to each such assignment (determined as of the date the
Assignment and Assumption with respect to such assignment is delivered to the
Administrative Agent) shall not be less than $5,000,000 unless each of the Borrower
and the Administrative Agent otherwise consent, provided that no such
consent of the Borrower shall be required if an Event of Default has occurred and is
continuing;

     (B) each partial assignment shall be made as an assignment of a proportionate
part of all the assigning Lender’s rights and obligations under this Agreement,
provided that this clause shall not be construed to prohibit the assignment of a
proportionate part of all the assigning Lender’s rights and obligations in respect
of one Class of Commitments or Loans;

     (C) the parties to each assignment shall execute and deliver to the
Administrative Agent an Assignment and Assumption, together with a processing and
recordation fee of

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$3,500, such fee to be paid by either the assigning Lender or the assignee
Lender or shared between such Lenders; and

     (D) the assignee, if it shall not be a Lender, shall deliver to the
Administrative Agent an Administrative Questionnaire in which the assignee
designates one or more credit contacts to whom all syndicate-level information
(which may contain material non-public information about the Borrower and its
affiliates and their Related Parties or their respective securities) will be made
available and who may receive such information in accordance with the assignee’s
compliance procedures and applicable laws, including Federal and state securities
laws.

          For the purposes of this Section 9.04(b), the term “Approved Fund” has the following
meaning:

          “Approved Fund” means any Person (other than a natural person) that is engaged in
making, purchasing, holding or investing in bank loans and similar extensions of credit in the
ordinary course of its business and that is administered or managed by (a) a Lender, (b) an
Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a
Lender.

          (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this
Section, from and after the effective date specified in each Assignment and Assumption the assignee
thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment
and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning
Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption,
be released from its obligations under this Agreement (and, in the case of an Assignment and
Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such
Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of
Sections 2.15, 2.16, 2.17 and 9.03). Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this Section 9.04 shall be treated for
purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with paragraph (c) of this Section.

          (iv) The Administrative Agent, acting for this purpose as an agent of the Borrower, shall
maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a
register for the recordation of the names and addresses of the Lenders, and the Commitment of, and
principal amount of the Loans and LC Disbursements owing to, each Lender pursuant to the terms
hereof from time to time (the “Register”). The entries in the Register shall be conclusive
absent manifest error, and the Borrower, the Administrative Agent, the Issuing Bank and the Lenders
may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a
Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The
Register shall be available for inspection by the Borrower, the Issuing Bank and any Lender, at any
reasonable time and from time to time upon reasonable prior notice.

          (v) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning
Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee
shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph
(b) of this Section and any written consent to such assignment required by paragraph (b) of this
Section, the Administrative Agent shall accept such Assignment and Assumption and record the
information contained therein in the Register; provided that if either the assigning Lender
or the assignee shall have failed to make any payment required to be made by it pursuant to Section
2.05(c), 2.06(d) or (e), 2.07(b), 2.18(e) or 9.03(c), the Administrative Agent shall have no
obligation to accept such Assignment and Assumption and record the information therein in the
Register unless and until such payment shall have

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been made in full, together with all accrued interest thereon. No assignment shall be
effective for purposes of this Agreement unless it has been recorded in the Register as provided in
this paragraph.

          (c) (i) Any Lender may, without the consent of the Borrower, the Administrative Agent, the
Issuing Bank or the Swingline Lender, sell participations to one or more banks or other entities (a
“Participant”) in all or a portion of such Lender’s rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans owing to it);
provided that (A) such Lender’s obligations under this Agreement shall remain unchanged,
(B) such Lender shall remain solely responsible to the other parties hereto for the performance of
such obligations and (C) the Borrower, the Administrative Agent, the Issuing Bank and the other
Lenders shall continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to
which a Lender sells such a participation shall provide that such Lender shall retain the sole
right to enforce this Agreement and to approve any amendment, modification or waiver of any
provision of this Agreement; provided that such agreement or instrument may provide that
such Lender will not, without the consent of the Participant, agree to any amendment, modification
or waiver described in the first proviso to Section 9.02(b) that affects such Participant. Subject
to paragraph (c)(ii) of this Section, the Borrower agrees that each Participant shall be entitled
to the benefits of Sections 2.15, 2.16 and 2.17 to the same extent as if it were a Lender and had
acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent
permitted by law, each Participant also shall be entitled to the benefits of Section 9.08 as though
it were a Lender, provided such Participant agrees to be subject to Section 2.18(d) as though it
were a Lender.

          (ii) A Participant shall not be entitled to receive any greater payment under Section 2.15 or
2.17 than the applicable Lender would have been entitled to receive with respect to the
participation sold to such Participant, unless the sale of the participation to such Participant is
made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it
were a Lender shall not be entitled to the benefits of Section 2.17 unless the Borrower is notified
of the participation sold to such Participant and such Participant agrees, for the benefit of the
Borrower, to comply with Section 2.17(e) as though it were a Lender.

          (d) Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement to secure obligations of such Lender, including without limitation
any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section shall
not apply to any such pledge or assignment of a security interest; provided that no such
pledge or assignment of a security interest shall release a Lender from any of its obligations
hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

          SECTION 9.05. Survival. All covenants, agreements, representations and warranties
made by the Loan Parties in the Loan Documents and in the certificates or other instruments
delivered in connection with or pursuant to this Agreement or any other Loan Document shall be
considered to have been relied upon by the other parties hereto and shall survive the execution and
delivery of the Loan Documents and the making of any Loans and issuance of any Letters of Credit,
regardless of any investigation made by any such other party or on its behalf and notwithstanding
that the Administrative Agent, the Issuing Bank or any Lender may have had notice or knowledge of
any Default or incorrect representation or warranty at the time any credit is extended hereunder,
and shall continue in full force and effect as long as the principal of or any accrued interest on
any Loan or any fee or any other amount payable under this Agreement or any other Loan Document is
outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments have
not expired or terminated. The provisions of Sections 2.15, 2.16, 2.17 and 9.03 and Article VIII
shall survive and remain in full force and effect regardless of the consummation of the
transactions contemplated hereby, the repayment of the Loans, the

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expiration or termination of the Letters of Credit and the Commitments or the termination of
this Agreement or any other Loan Document or any provision hereof or thereof.

          SECTION 9.06. Counterparts; Integration; Effectiveness. This Agreement may be
executed in counterparts (and by different parties hereto on different counterparts), each of which
shall constitute an original, but all of which when taken together shall constitute a single
contract. This Agreement, the other Loan Documents and any separate letter agreements with respect
to fees payable to the Administrative Agent constitute the entire contract among the parties
relating to the subject matter hereof and supersede any and all previous agreements and
understandings, oral or written, relating to the subject matter hereof. Except as provided in
Section 4.01, this Agreement shall become effective when it shall have been executed by the
Administrative Agent and when the Administrative Agent shall have received counterparts hereof
which, when taken together, bear the signatures of each of the other parties hereto, and thereafter
shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement
by facsimile or other electronic imaging shall be effective as delivery of a manually executed
counterpart of this Agreement.

          SECTION 9.07. Severability. Any provision of any Loan Document held to be invalid,
illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such invalidity, illegality or unenforceability without affecting the validity, legality
and enforceability of the remaining provisions thereof; and the invalidity of a particular
provision in a particular jurisdiction shall not invalidate such provision in any other
jurisdiction.

          SECTION 9.08. Right of Setoff. If an Event of Default shall have occurred and be
continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time
to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general
or special, time or demand, provisional or final and in whatever currency denominated) at any time
held and other obligations at any time owing by such Lender or Affiliate to or for the credit or
the account of the Borrower or any Subsidiary Guarantor against any of and all of the Secured
Obligations held by such Lender, irrespective of whether or not such Lender shall have made any
demand under the Loan Documents and although such obligations may be unmatured. The rights of each
Lender under this Section are in addition to other rights and remedies (including other rights of
setoff) which such Lender may have.

          SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process. (a) This
Agreement shall be construed in accordance with and governed by the law of the State of New York.

          (b)The Borrower hereby irrevocably and unconditionally submits, for itself and its property,
to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York
County and of the United States District Court of the Southern District of New York, and any
appellate court from any thereof, in any action or proceeding arising out of or relating to any
Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto
hereby irrevocably and unconditionally agrees that all claims in respect of any such action or
proceeding may be heard and determined in such New York State or, to the extent permitted by law,
in such Federal court. Each of the parties hereto agrees that a final judgment in any such action
or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by law. Nothing in this Agreement or any other Loan
Document shall affect any right that the Administrative Agent, the Issuing Bank or any Lender may
otherwise have to bring any action or proceeding relating to this Agreement or any other Loan
Document against any Loan Party or its properties in the courts of any jurisdiction.

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          (c) The Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection which it may now or hereafter have to the laying of
venue of any suit, action or proceeding arising out of or relating to this Agreement or any other
Loan Document in any court referred to in paragraph (b) of this Section. Each of the parties
hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an
inconvenient forum to the maintenance of such action or proceeding in any such court.

          (d) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 9.01. Nothing in this Agreement or any other Loan Document will
affect the right of any party to this Agreement to serve process in any other manner permitted by
law.

          SECTION 9.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN
DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY
OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT
OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER
PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL
WAIVERS AND CERTIFICATIONS IN THIS SECTION.

          SECTION 9.11. Headings. Article and Section headings and the Table of Contents used
herein are for convenience of reference only, are not part of this Agreement and shall not affect
the construction of, or be taken into consideration in interpreting, this Agreement.

          SECTION 9.12. Confidentiality. Each of the Administrative Agent, the Issuing Bank
and the Lenders 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 (it being understood
that the Persons to whom such disclosure is made will be informed of the confidential nature of
such Information and instructed to keep such Information confidential), (b) to the extent requested
by any regulatory authority (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 to this Agreement,
(e) in connection with the exercise of any remedies under this Agreement or any other Loan Document
or any suit, action or proceeding relating to this Agreement or any other Loan Document or the
enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions
substantially the same as those of this Section, to (i) any assignee of or Participant in, or any
prospective assignee of or Participant in, any of its rights or obligations under this Agreement or
(ii) any actual or prospective counterparty (or its advisors) to any swap or derivative
transaction relating to the Borrower and its obligations, (g) with the prior written consent of the
Borrower or (h) to the extent such Information (i) becomes publicly available other than as a
result of a breach of this Section or (ii) becomes available to the Administrative Agent, the
Issuing Bank or any Lender on a nonconfidential basis from a source other than the Borrower and
that is not to the knowledge of the Administrative Agent, the Issuing Bank or such Lender in breach
of a confidentiality obligation to the Borrower. For the purposes of this Section, “Information”
means all information received from the Borrower relating to the Borrower or any of its
Subsidiaries or any of its or their business, other than any such information that is available to
the Administrative Agent, the Issuing Bank or any Lender on a nonconfidential basis prior to
disclosure by the Borrower. Any Person required to maintain the confidentiality of Information as

75

 

provided in this Section shall be considered to have complied with its obligation to do so if
such Person has exercised the same degree of care to maintain the confidentiality of such
Information as such Person would accord to its own confidential information. EACH LENDER
ACKNOWLEDGES THAT INFORMATION AS DEFINED IN SECTION 9.12 FURNISHED TO IT PURSUANT TO THIS AGREEMENT
MAY INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING THE BORROWER AND ITS RELATED PARTIES OR
THEIR RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE
USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION
IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES
LAWS.

          SECTION 9.13. USA PATRIOT Act. Each Lender 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 each Loan Party that pursuant to the requirements of the Act, it is
required to obtain, verify and record information that identifies such Loan Party, which
information includes the name and address of such Loan Party and other information that will allow
such Lender to identify such Loan Party in accordance with the Act.

          SECTION 9.14. Releases of Subsidiary Guarantors.

          (a) A Subsidiary Guarantor shall automatically be released from its obligations under the
Subsidiary Guaranty upon the consummation of any transaction permitted by this Agreement as a
result of which such Subsidiary Guarantor ceases to be a Subsidiary; provided that, if so
required by this Agreement, the Required Lenders shall have consented to such transaction and the
terms of such consent shall not have provided otherwise. In connection with any termination or
release pursuant to this Section, the Administrative Agent shall (and is hereby irrevocably
authorized by each Lender to) execute and deliver to any Loan Party, at such Loan Party’s expense,
all documents that such Loan Party shall reasonably request to evidence such termination or
release. Any execution and delivery of documents pursuant to this Section shall be without
recourse to or warranty by the Administrative Agent.

          (b) Further, the Administrative Agent may (and is hereby irrevocably authorized by each Lender
to), upon the request of the Borrower, release any Subsidiary Guarantor from its obligations under
the Subsidiary Guaranty if such Subsidiary Guarantor is no longer a Material Domestic Subsidiary.

          (c) At such time as the principal and interest on the Loans, all LC Disbursements, the fees,
expenses and other amounts payable under the Loan Documents and the other Obligations (other than
Banking Services Obligations, Swap Obligations, unasserted contingent indemnification obligations
not yet due and payable and other Obligations expressly stated to survive such payment and
termination) shall have been paid in full, the Commitments shall have been terminated and no
Letters of Credit shall be outstanding, the Subsidiary Guaranty and all obligations (other than
those expressly stated to survive such termination) of each Subsidiary Guarantor thereunder shall
automatically terminate, all without delivery of any instrument or performance of any act by any
Person.

          SECTION 9.15. Appointment for Perfection. Each Lender hereby appoints each other
Lender as its agent for the purpose of perfecting Liens, for the benefit of the Administrative
Agent and the Secured Parties, in assets which, in accordance with Article 9 of the UCC or any
other applicable law can be perfected only by possession. Should any Lender (other than the
Administrative Agent) obtain possession of any such Collateral, such Lender shall notify the
Administrative Agent thereof, and, promptly upon the Administrative Agent’s request therefor shall
deliver such Collateral to the Administrative Agent or otherwise deal with such Collateral in
accordance with the Administrative Agent’s instructions.

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[Signature Pages Follow]

77

 

          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.

	 	 	 	 	 
	 	BLACKBOARD INC.,

as the Borrower

 	 
	 	By  	/s/ John Kinzer
 	 
	 	 	Name:  	John Kinzer 	 
	 	 	Title:  	Chief Financial Officer 	 
	 
	 	JPMORGAN CHASE BANK, N.A., individually as a 
Lender,
as the Swingline Lender, as the Issuing Bank and as

Administrative Agent

 	 
	 	By  	/s/ David F. Gibbs
 	 
	 	 	Name:  	David F. Gibbs 	 
	 	 	Title:  	Managing Director 	 
	 
	 	CITIBANK, N.A., individually as a Lender, and as

Co-Syndication Agent

 	 
	 	By  	/s/ Humberto M. Salomon
 	 
	 	 	Name:  	Humberto M. Salomon 	 
	 	 	Title:  	Vice President 	 
	 
	 	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

individually as a Lender, and as Co-Syndication
Agent

 	 
	 	By  	/s/ Nupur Kumar
 	 
	 	 	Name:  	Nupur Kumar 	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By  	/s/ Rahul Parmar
 	 
	 	 	Name:  	Rahul Parmar 	 
	 	 	Title:  	Associate 	 
	 
	 	PNC BANK, NATIONAL ASSOCIATION, individually as a

Lender, and as Co-Documentation Agent

 	 
	 	By  	/s/ Ryan Besser
 	 
	 	 	Name:  	Ryan Besser 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Credit Agreement

Blackboard Inc.

 

 

	 	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
 individually
as a Lender,
 and as Co-Documentation Agent

 
	 	By  	/s/ Abigail Matia
 	 
	 	 	Name:  	Abigail Matia 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	SILICON VALLEY BANK, as a Lender

 	 
	 	By  	/s/ Heather Parker
 	 
	 	 	Name:  	Heather Parker 	 
	 	 	Title:  	Deal Team Leader 	 
	 
	 	SUNTRUST BANK, as a Lender

 	 
	 	By  	/s/ William W. Palmer
 	 
	 	 	Name:  	William W. Palmer 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	M&T Bank, as a Lender

 	 
	 	By  	/s/ Kevin J. McCormack
 	 
	 	 	Name:  	Kevin J. McCormack 	 
	 	 	Title:  	Vice President 	 
	 
	 	BANK OF AMERICA, N.A., as a Lender

 	 
	 	By  	/s/ Barbara P. Levy
 	 
	 	 	Name:  	Barbara P. Levy 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature Page to Credit Agreement

Blackboard Inc.

2

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