Document:

Exhibit 4.3

Exhibit 4.3

SUPPLEMENTAL INDENTURE

SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of May 2, 2011, by and among
IASIS Healthcare LLC, a Delaware limited liability company (the “Company”), IASIS Capital
Corporation, a Delaware Corporation (the “Co-Issuer,” and together with the Company, the
“Issuers”), the Guarantors (as defined in the Indenture referred to herein) and The Bank of New
York Mellon Trust Company, N.A. (formerly The Bank of New York Trust Company, N.A.), as trustee
under the Indenture referred to below (the “Trustee”).

WITNESSETH

WHEREAS, the Issuers have heretofore executed and delivered to the Trustee an indenture (as
supplemented from time to time, the “Indenture”), dated as of June 22, 2004, providing for the
issuance of 8 3/4% Senior Subordinated Notes due 2014 (the “Notes”);

WHEREAS, the Issuers, the Guarantors and the Trustee have entered into supplemental indentures
dated as of June 30, 2004, August 1, 2005, July 20, 2006, July 27, 2006 and October 1, 2010, each
of which added certain Guarantors as parties to the Indenture;

WHEREAS, the Issuers have distributed an Offer to Purchase and Consent Solicitation Statement,
dated as of April 18, 2011 (the “Statement”), with an accompanying Consent and Letter of
Transmittal (“Consent and Letter of Transmittal”), to the Holders of the Notes in connection of the
solicitation of such Holders’ consent to certain proposed amendments to the Indenture;

WHEREAS, pursuant to Section 9.02 of the Indenture, the Trustee is authorized to execute and
deliver this Supplemental Indenture;

WHEREAS, pursuant to the Statement, the Holders of at least a majority in aggregate principal
amount of the Notes outstanding, and with respect to Article III hereof, the Holders of at least 66
2/3% in aggregate principal amount of the Notes outstanding, (excluding, in each case, any Notes
owned by the Company or any Guarantor, or by any Person directly or indirectly controlling or
controlled by or under direct or indirect common control with the Company or any Guarantor) have
consented to all of the amendments effected by this Supplemental Indenture in accordance with the
provisions of the Indenture, evidence of such consents has been provided by the Issuer to the
Trustee, and all other conditions precedent, if any, provided for in the Indenture relating to the
execution of this Supplemental Indenture have been complied with as of the date hereof; and

WHEREAS, all acts and requirements necessary to make this Supplemental Indenture the legal,
valid and binding obligation of the Issuers and the Guarantors have been done.

NOW THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the parties agree as follows:

ARTICLE I

DEFINITIONS

SECTION 1.01. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have
the meanings assigned to them in the Indenture.

 

 

SECTION 1.02. DEFINITION. When used herein, “Trigger Event” shall mean the occurrence of each
of the following events: (1) the Initial Settlement Date (as such term is defined in the
Statement), or if there is no Initial Settlement Date, the Final Settlement Date (as such term is
defined in the Statement), and (2) the Company’s payment to holders of Notes the total Consent
Payment (as such term is defined in the statement) payable as of such Initial Settlement Date, or
if there is no Initial Settlement Date, the Final Settlement Date, pursuant to the terms and
conditions of the Statement and the Consent and Letter of Transmittal.

ARTICLE II

AMENDMENTS TO THE INDENTURE

SECTION 2.01. CONSENT AND AMENDMENT. Effective upon the Trigger Event, and without any
further action by any party hereto, the Indenture is hereby amended as follows:

(a) The text of Sections 3.09, 4.05, 4.06, 4.07, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13, 4.14,
4.15, 4.16, 4.17, 4.19, 4.20, 5.01, 6.01(3), 6.01(4), 6.01(5) and 6.01(6) shall each be deleted in
its entirety and replaced with “[RESERVED].”

(b) The text of Section 4.03 shall be amended and restated in its entirety as follows:

Section 4.03 Reports.

The Company will comply with the provisions of TIA Section 314(a), to the
extent applicable.

(c) The text of Section 4.04 shall be amended and restated in its entirety as follows:

Section 4.04 Compliance Certificate.

The Company shall deliver to the Trustee not less often than annually an
Officers’ Certificate stating that as to each such Officer’s knowledge the Company
has complied with all conditions and covenants under this Indenture.

(d) All defined terms in Sections 1.01 and 1.02 that appear only in the text of the Indenture
that has been deleted pursuant to subsection (a) above or amended to remove references to such
defined terms in subections (b) and (c) above shall be eliminated from Sections 1.01 and 1.02. In
addition, any and all references in the Indenture to the deleted text referred to in this Section
2.01 will also be deleted in their entirety.

ARTICLE III

FURTHER AMENDMENTS TO THE INDENTURE

SECTION 3.01. CONSENT AND AMENDMENT. Effective upon the Trigger Event, and without any
further action by any party hereto, the text of ARTICLE 10. SUBORDINATION shall be deleted in its
entirety and replaced with “[RESERVED].”

 

2

 

ARTICLE IV

MISCELLANEOUS

SECTION 4.01. EXECUTION AS SUPPLEMENTAL INDENTURE. This Supplemental Indenture is
executed and shall be construed as an indenture supplemental to the Indenture and, as provided in
the Indenture, this Supplemental Indenture forms a part thereof.

SECTION 4.02. RATIFICATION AND INCORPORATION OF INDENTURE. As supplemented hereby, the
Indenture is in all respects ratified and confirmed, and the Indenture and this Supplemental
Indenture shall be read, taken and construed as one and the same instrument.

SECTION 4.03. GOVERNING LAW. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE
USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF
CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE
REQUIRED THEREBY.

SECTION 4.04. SEPARABILITY. In case any provision in this Supplemental Indenture is invalid,
illegal or unenforceable the validity, legality and enforceability of the remaining provisions
shall not in any way be affected or impaired thereby.

SECTION 4.05. COUNTERPARTS. The parties may sign any number of copies of this Supplemental
Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement.

SECTION 4.06. EFFECT OF HEADINGS. The Section headings herein are for convenience only and
shall not affect the construction hereof.

SECTION 4.07. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for
or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of
the recitals contained herein, all of which recitals are made solely by the Issuers and Guarantors
and not of the Trustee.

 

3

 

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed and attested, all as of the date first above written.

	 	 	 	 	 
	 	IASIS HEALTHCARE LLC

IASIS CAPITAL CORPORATION

 	 
	 	By:  	/s/ John M. Doyle
 	 
	 		Name:  John M. Doyle 	 
	 		Title:   Chief Financial Officer 	 
	 
	 	ARIZONA DIAGNOSTIC & SURGICAL CENTER, INC.

BAPTIST JOINT VENTURE HOLDINGS, INC.

BEAUMONT HOSPITAL HOLDINGS, INC.

BILTMORE SURGERY CENTER, INC.

BILTMORE SURGERY CENTER HOLDINGS, INC.

BRIM HOLDING COMPANY, INC.

DAVIS HOSPITAL HOLDINGS, INC.

DAVIS SURGICAL CENTER HOLDINGS, INC.

DECISIONPOINT SERVICES, INC.

FIRST CHOICE PHYSICIANS NETWORK HOLDINGS, INC.

IASIS FINANCE, INC.

IASIS HEALTHCARE HOLDINGS, INC.

IASIS MANAGEMENT COMPANY

IASIS PORT ARTHUR ASC, INC.

IASIS PHYSICIAN SERVICES, INC.

IASIS TRANSCO, INC.

JORDAN VALLEY HOSPITAL HOLDINGS, INC.

MCS/AZ, INC.

NORTH VISTA HOSPITAL, INC.

PALMS OF PASADENA HOMECARE, INC.

PHYSICIAN GROUP OF FLORIDA, INC.

PHYSICIAN GROUP OF UTAH, INC.

UTAH TRANSCRIPTION SERVICES, INC.

ROCKY MOUNTAIN MEDICAL CENTER, INC.

SALT LAKE REGIONAL PHYSICIANS, INC.

IASIS HOSPITAL NURSE STAFFING COMPANY

SOUTHRIDGE PLAZA HOLDINGS, INC.

SSJ ST. PETERSBURG HOLDINGS, INC.

TAMPA BAY STAFFING SOLUTIONS, INC.

 	 
	 	By:  	/s/ John M. Doyle
 	 
	 		Name:  John M. Doyle 	 
	 		Title:   Chief Financial Officer 	 

[Signature Page to Supplemental Indenture]

 

 

	 	 	 	 	 
	 	SEABOARD DEVELOPMENT LLC

 	 
	 	By:  	/s/ John M. Doyle
 	 
	 		Name:  John M. Doyle 	 
	 		Title:   Chief Financial Officer 	 
	 
	 	IASIS FINANCE TEXAS HOLDINGS, LLC

 	 
	 	By:  	/s/ John M. Doyle
 	 
	 		Name:  John M. Doyle 	 
	 		Title:   Chief Financial Officer 	 
	 
	 	ST. LUKE’S BEHAVIORAL HOSPITAL, LP

MEMORIAL HOSPITAL OF TAMPA, LP

MESA GENERAL HOSPITAL, LP

PALMS OF PASADENA HOSPITAL, LP

SOUTHWEST GENERAL HOSPITAL, LP

ST. LUKE’S MEDICAL CENTER, LP

TOWN & COUNTRY HOSPITAL, LP

MOUNTAIN VISTA MEDICAL CENTER, LP

CARDIOVASCULAR SPECIALTY CENTERS OF UTAH, LP

IASIS GLENWOOD REGIONAL MEDICAL CENTER, L.P.

THE HEART CENTER OF CENTRAL PHOENIX, L.P.

SALT LAKE REGIONAL MEDICAL CENTER, L.P.

 	 
	 	By:  	IASIS HEALTHCARE HOLDINGS, INC.
 	 
	 	 	as General Partner 	 
	 	 	 
	 	By:  	          /s/ John M. Doyle
 	 
	 		Name:  John M. Doyle 	 
	 		Title:   Chief Financial Officer 	 
	 
	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. (FORMERLY THE

BANK OF NEW YORK TRUST COMPANY, N.A.),

as Trustee

 	 
	 	By:  	/s/ Kristine L. Prall
 	 
	 		Name:  Kristine L. Prall 	 
	 		Title:   Vice President 	 

[Signature Page to Supplemental Indenture]Exhibit 10.1

Exhibit 10.1

EXECUTION VERSION

RESTATEMENT AGREEMENT, dated as of May 3, 2011 (this “Restatement Agreement”), to the
Amended and Restated Credit Agreement, dated as of April 27, 2007 (as amended and in effect
immediately prior to the Closing Date, the “Existing Credit Agreement”) by and among IASIS
HEALTHCARE LLC, a Delaware limited liability company (“Borrower”), IASIS HEALTHCARE
CORPORATION, a Delaware corporation (“Holdings”), the LENDERS party thereto and BANK OF
AMERICA, N.A., as administrative agent (the “Administrative Agent”), revolving L/C issuer,
synthetic L/C issuer and swingline lender.

WHEREAS, the Borrower has requested, and the Lenders party hereto, which constitute the
Required Lenders, have agreed, upon the terms and subject to the conditions set forth herein, that
the Existing Credit Agreement be amended and restated as provided herein; and

NOW, THEREFORE, in consideration of the promises and mutual agreements herein contained, the
Borrower, Holdings, the Lenders party hereto, the Revolving Lenders (as defined below) and the
Administrative Agent hereby agree as follows:

SECTION 1. Defined Terms. Capitalized terms used but not defined herein shall have
the meanings assigned to such terms in the Restated Credit Agreement (as defined below), except
that the defined terms “Lender”, “Required Lenders” and “Term Loans” shall have the meaning given
to such terms by the Existing Credit Agreement.

SECTION 2. Amendment and Restatement of the Existing Credit Agreement. The Credit
Agreement is hereby amended and restated to read in its entirety as set forth in Exhibit A
hereto (the “Restated Credit Agreement”). With respect to any Lender that has indicated on
its signature page hereto, that it is requesting that its Term Loans be converted to Term B Loans,
such existing Term Loans shall, subject to the definition of “Converted Term Loans” set forth in
the Restated Credit Agreement, be converted to Term B Loans in an amount equal to such Lender’s
Converted Term Loans in accordance with Section 2.01(a) of the Restated Credit Agreement. Each
entity that has signed a signature page hereto as a “Revolving Lender” (the “Revolving Lenders”)
hereby agrees to provide its respective Revolving Credit Commitment as indicated on Schedule 2.01A
to the Restated Credit Agreement.

SECTION 3. Loan Document Amendments. The Required Lenders hereby consent to the
amendments to the Collateral Documents contemplated by the Restated Credit Agreement.

SECTION 4. Effectiveness; Counterparts; Amendments. This Restatement Agreement shall
become effective when counterparts hereof which, when taken together, bear the signatures of the
Borrower, the Administrative Agent and the Required Lenders shall have been received by the
Administrative Agent. This Restatement Agreement may be executed in two or more counterparts, each
of which shall constitute an original but all of which when taken together shall constitute a
single contract. Delivery of an executed counterpart of a signature page of this Restatement
Agreement by facsimile or other electronic transmission shall be effective as delivery of a
manually executed counterpart of this Restatement Agreement.

SECTION 5. No Novation. The execution and delivery of this Restatement Agreement and
the effectiveness shall not act as a novation of the Existing Credit Agreement and, shall not serve
to discharge or release any Obligation or Lien under the Loan Documents or to forgive the payment
of any amount owing thereunder. This Restatement Agreement shall be a Loan Document for all
purposes of the Restated Credit Agreement.

 

 

 

SECTION 6. Applicable Law; Waiver of Jury Trial.

(A) THIS RESTATEMENT AGREEMENT SHALL BE CONSTRUED AND INTERPRETED IN ACCORDANCE WITH AND
GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

(B) EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL
ACTION OR PROCEEDING RELATING TO THIS RESTATEMENT AGREEMENT AND FOR ANY COUNTERCLAIM HEREIN.

SECTION 7. Headings. The Section headings used herein are for convenience of
reference only, are not part of this Restatement Agreement and are not to affect the construction
of, or to be taken into consideration in interpreting, this Restatement Agreement.

 

-2-

 

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

	 	 	 	 	 
	 	IASIS HEALTHCARE LLC, as Borrower

 	 
	 	By:  	/s/ John M. Doyle
 	 
	 	 	Name:  	John M. Doyle 	 
	 	 	Title:  	Chief Financial Officer 	 
	 
	 	IASIS HEALTHCARE CORPORATION, as

Holdings

 	 
	 	By:  	/s/ John M. Doyle
 	 
	 	 	Name:  	John M. Doyle 	 
	 	 	Title:  	Chief Financial Officer 	 

 

S-1

 

	 	 	 	 	 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A, as Administrative Agent and Collateral Agent

 	 
	 	By:  	/s/ David H. Strickert
 	 
	 	 	Name:  	David H. Strickert 	 
	 	 	Title:  	Managing Director 	 
	 

 

S-2

 

[EXECUTED SIGNATURE PAGES OF REQUIRED LENDERS AND

REVOLVING LENDERS ON FILE WITH THE ADMINISTRATIVE AGENT]

 

 

 

EXHIBIT A

 

A-1

 

EXECUTION VERSION

Published CUSIP Number: 45073CAD2

$1,325,000,000

AMENDED AND RESTATED CREDIT AGREEMENT

Dated as of May 3, 2011

among

IASIS HEALTHCARE LLC,

as Borrower,

IASIS HEALTHCARE CORPORATION,

as Holdings,

BANK OF AMERICA, N.A.,

as Administrative Agent, Swing Line Lender and

L/C Issuer,

and

THE OTHER LENDERS PARTY HERETO

BARCLAYS CAPITAL,

as Syndication Agent,

CITICORP NORTH AMERICA, INC.

GENERAL ELECTRIC CAPITAL CORPORATION

and

SUNTRUST BANK

as Co-Documentation Agents,

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

BARCLAYS CAPITAL

CITIGROUP GLOBAL MARKETS INC.

J.P. MORGAN SECURITIES LLC

and

GOLDMAN SACHS BANK USA

as Joint Lead Arrangers and Joint Book Runners,

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	 
	 
	ARTICLE I

	 
	 	 	 	 
	DEFINITIONS AND ACCOUNTING TERMS

	 
	 	 	 	 
	SECTION 1.01. DEFINED TERMS
	 	 	1	 
	SECTION 1.02. OTHER INTERPRETIVE PROVISIONS
	 	 	50	 
	SECTION 1.03. ACCOUNTING TERMS
	 	 	50	 
	SECTION 1.04. ROUNDING
	 	 	51	 
	SECTION 1.05. REFERENCES TO AGREEMENTS, LAWS, ETC.
	 	 	51	 
	SECTION 1.06. TIMES OF DAY
	 	 	51	 
	SECTION 1.07. TIMING OF PAYMENT OR PERFORMANCE
	 	 	51	 
	 
	 	 	 	 
	ARTICLE II

	 
	 	 	 	 
	THE COMMITMENTS AND CREDIT EXTENSIONS

	 
	 	 	 	 
	SECTION 2.01. THE LOANS
	 	 	51	 
	SECTION 2.02. BORROWINGS, CONVERSIONS AND CONTINUATIONS OF LOANS
	 	 	52	 
	SECTION 2.03. LETTERS OF CREDIT
	 	 	54	 
	SECTION 2.04. SWING LINE LOANS
	 	 	61	 
	SECTION 2.05. PREPAYMENTS
	 	 	63	 
	SECTION 2.06. TERMINATION OR REDUCTION OF COMMITMENTS
	 	 	73	 
	SECTION 2.07. REPAYMENT OF LOANS
	 	 	73	 
	SECTION 2.08. INTEREST
	 	 	74	 
	SECTION 2.09. FEES
	 	 	74	 
	SECTION 2.10. COMPUTATION OF INTEREST AND FEES
	 	 	75	 
	SECTION 2.11. EVIDENCE OF INDEBTEDNESS
	 	 	75	 
	SECTION 2.12. PAYMENTS GENERALLY
	 	 	76	 
	SECTION 2.13. SHARING OF PAYMENTS
	 	 	77	 
	SECTION 2.14. INCREMENTAL CREDIT EXTENSIONS
	 	 	78	 
	SECTION 2.15. DEFAULTING LENDERS
	 	 	80	 
	SECTION 2.16. EXTENSIONS OF TERM LOANS; REPLACEMENT OF REVOLVING CREDIT
COMMITMENTS
	 	 	81	 
	SECTION 2.17. LOAN REPRICING PROTECTION
	 	 	83	 
	 
	 	 	 	 
	ARTICLE III

	 
	 	 	 	 
	TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY

	 
	 	 	 	 
	SECTION 3.01. TAXES
	 	 	83	 
	SECTION 3.02. ILLEGALITY
	 	 	85	 
	SECTION 3.03. INABILITY TO DETERMINE RATES
	 	 	86	 
	SECTION 3.04. INCREASED COST AND REDUCED RETURN; CAPITAL ADEQUACY; RESERVES ON
LIBOR LOANS
	 	 	86	 
	SECTION 3.05. FUNDING LOSSES
	 	 	87	 

 

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	 	 	Page	 
	 
	 
	SECTION 3.06. MATTERS APPLICABLE TO ALL REQUESTS FOR COMPENSATION
	 	 	87	 
	SECTION 3.07. REPLACEMENT OF LENDERS UNDER CERTAIN CIRCUMSTANCES
	 	 	88	 
	SECTION 3.08. SURVIVAL
	 	 	89	 
	 
	 	 	 	 
	ARTICLE IV

	 
	 	 	 	 
	CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

	 
	 	 	 	 
	SECTION 4.01. CONDITIONS TO INITIAL CREDIT EXTENSION
	 	 	89	 
	SECTION 4.02. CONDITIONS TO ALL CREDIT EXTENSIONS
	 	 	91	 
	 
	 	 	 	 
	ARTICLE V

	 
	 	 	 	 
	REPRESENTATIONS AND WARRANTIES

	 
	 	 	 	 
	SECTION 5.01. EXISTENCE, QUALIFICATION AND POWER; COMPLIANCE WITH LAWS
	 	 	92	 
	SECTION 5.02. AUTHORIZATION; NO CONTRAVENTION
	 	 	92	 
	SECTION 5.03. GOVERNMENTAL AUTHORIZATION
	 	 	92	 
	SECTION 5.04. BINDING EFFECT
	 	 	92	 
	SECTION 5.05. FINANCIAL STATEMENTS; NO MATERIAL ADVERSE EFFECT
	 	 	93	 
	SECTION 5.06. LITIGATION
	 	 	93	 
	SECTION 5.07. OWNERSHIP OF PROPERTY; LIENS
	 	 	93	 
	SECTION 5.08. ENVIRONMENTAL MATTERS
	 	 	93	 
	SECTION 5.09. TAXES
	 	 	94	 
	SECTION 5.10. ERISA COMPLIANCE
	 	 	94	 
	SECTION 5.11. SUBSIDIARIES
	 	 	94	 
	SECTION 5.12. MARGIN REGULATIONS; INVESTMENT COMPANY ACT
	 	 	94	 
	SECTION 5.13. DISCLOSURE
	 	 	95	 
	SECTION 5.14. INTELLECTUAL PROPERTY; LICENSES, ETC.
	 	 	95	 
	SECTION 5.15. LABOR MATTERS
	 	 	95	 
	SECTION 5.16. SOLVENCY
	 	 	95	 
	 
	 	 	 	 
	ARTICLE VI

	 
	 	 	 	 
	AFFIRMATIVE COVENANTS

	 
	 	 	 	 
	SECTION 6.01. FINANCIAL STATEMENTS
	 	 	96	 
	SECTION 6.02. CERTIFICATES; OTHER INFORMATION
	 	 	97	 
	SECTION 6.03. NOTICES
	 	 	98	 
	SECTION 6.04. PAYMENT OF OBLIGATIONS
	 	 	98	 
	SECTION 6.05. PRESERVATION OF EXISTENCE, ETC.
	 	 	98	 
	SECTION 6.06. MAINTENANCE OF PROPERTIES
	 	 	99	 
	SECTION 6.07. MAINTENANCE OF INSURANCE
	 	 	99	 
	SECTION 6.08. COMPLIANCE WITH LAWS
	 	 	99	 
	SECTION 6.09. BOOKS AND RECORDS
	 	 	99	 
	SECTION 6.10. INSPECTION RIGHTS
	 	 	100	 

 

-ii-

 

	 	 	 	 	 
	 	 	Page	 
	 
	 
	SECTION 6.11. COVENANT TO GUARANTEE OBLIGATIONS AND GIVE SECURITY
	 	 	100	 
	SECTION 6.12. COMPLIANCE WITH ENVIRONMENTAL LAWS
	 	 	102	 
	SECTION 6.13. FURTHER ASSURANCES AND POST-CLOSING CONDITIONS
	 	 	102	 
	SECTION 6.14. DESIGNATION OF SUBSIDIARIES
	 	 	103	 
	 
	 	 	 	 
	ARTICLE VII

	 
	 	 	 	 
	NEGATIVE COVENANTS

	 
	 	 	 	 
	SECTION 7.01. LIENS
	 	 	104	 
	SECTION 7.02. INVESTMENTS
	 	 	107	 
	SECTION 7.03. INDEBTEDNESS
	 	 	111	 
	SECTION 7.04. FUNDAMENTAL CHANGES
	 	 	114	 
	SECTION 7.05. DISPOSITIONS
	 	 	116	 
	SECTION 7.06. RESTRICTED PAYMENTS
	 	 	119	 
	SECTION 7.07. CHANGE IN NATURE OF BUSINESS
	 	 	122	 
	SECTION 7.08. TRANSACTIONS WITH AFFILIATES
	 	 	122	 
	SECTION 7.09. BURDENSOME AGREEMENTS
	 	 	124	 
	SECTION 7.10. USE OF PROCEEDS
	 	 	125	 
	SECTION 7.11. ACCOUNTING CHANGES
	 	 	125	 
	SECTION 7.12. PREPAYMENTS, ETC. OF INDEBTEDNESS
	 	 	125	 
	SECTION 7.13. EQUITY INTERESTS OF CERTAIN RESTRICTED SUBSIDIARIES
	 	 	126	 
	SECTION 7.14. HOLDINGS
	 	 	126	 
	 
	 	 	 	 
	ARTICLE VIII

	 
	 	 	 	 
	EVENTS OF DEFAULT AND REMEDIES

	 
	 	 	 	 
	SECTION 8.01. EVENTS OF DEFAULT
	 	 	126	 
	SECTION 8.02. REMEDIES UPON EVENT OF DEFAULT
	 	 	128	 
	SECTION 8.03. APPLICATION OF FUNDS
	 	 	129	 
	SECTION 8.04. REPLACEMENT OF REVOLVING CREDIT LENDERS UNDER CERTAIN
CIRCUMSTANCES
	 	 	131	 
	 
	 	 	 	 
	ARTICLE IX

	 
	 	 	 	 
	ADMINISTRATIVE AGENT AND OTHER AGENTS

	 
	 	 	 	 
	SECTION 9.01. APPOINTMENT AND AUTHORIZATION OF AGENTS
	 	 	132	 
	SECTION 9.02. DELEGATION OF DUTIES
	 	 	133	 
	SECTION 9.03. LIABILITY OF AGENTS
	 	 	133	 
	SECTION 9.04. RELIANCE BY AGENTS
	 	 	134	 
	SECTION 9.05. NOTICE OF DEFAULT
	 	 	134	 
	SECTION 9.06. CREDIT DECISION; DISCLOSURE OF INFORMATION BY AGENTS
	 	 	134	 
	SECTION 9.07. INDEMNIFICATION OF AGENTS
	 	 	135	 
	SECTION 9.08. AGENTS IN THEIR INDIVIDUAL CAPACITIES
	 	 	135	 
	SECTION 9.09. RESIGNATION OF ADMINISTRATIVE AGENT
	 	 	135	 

 

-iii-

 

	 	 	 	 	 
	 	 	Page	 
	 
	 
	SECTION 9.10. ADMINISTRATIVE AGENT MAY FILE PROOFS OF CLAIM
	 	 	136	 
	SECTION 9.11. COLLATERAL AND GUARANTY MATTERS
	 	 	137	 
	SECTION 9.12. OTHER AGENTS; ARRANGERS AND MANAGERS
	 	 	138	 
	SECTION 9.13. APPOINTMENT OF SUPPLEMENTAL ADMINISTRATIVE AGENTS
	 	 	138	 
	SECTION 9.14. WITHHOLDING TAXES
	 	 	139	 
	 
	 	 	 	 
	ARTICLE X

	 
	 	 	 	 
	MISCELLANEOUS

	 
	 	 	 	 
	SECTION 10.01. AMENDMENTS, ETC.
	 	 	139	 
	SECTION 10.02. NOTICES AND OTHER COMMUNICATIONS; FACSIMILE COPIES
	 	 	142	 
	SECTION 10.03. NO WAIVER; CUMULATIVE REMEDIES
	 	 	143	 
	SECTION 10.04. ATTORNEY COSTS AND EXPENSES
	 	 	143	 
	SECTION 10.05. INDEMNIFICATION BY THE BORROWER
	 	 	144	 
	SECTION 10.06. PAYMENTS SET ASIDE
	 	 	144	 
	SECTION 10.07. SUCCESSORS AND ASSIGNS
	 	 	145	 
	SECTION 10.08. CONFIDENTIALITY
	 	 	151	 
	SECTION 10.09. SETOFF
	 	 	152	 
	SECTION 10.10. INTEREST RATE LIMITATION
	 	 	152	 
	SECTION 10.11. COUNTERPARTS
	 	 	152	 
	SECTION 10.12. INTEGRATION
	 	 	152	 
	SECTION 10.13. SURVIVAL OF REPRESENTATIONS AND WARRANTIES
	 	 	153	 
	SECTION 10.14. SEVERABILITY
	 	 	153	 
	SECTION 10.15. GOVERNING LAW
	 	 	153	 
	SECTION 10.16. WAIVER OF RIGHT TO TRIAL BY JURY
	 	 	153	 
	SECTION 10.17. BINDING EFFECT
	 	 	154	 
	SECTION 10.18. LENDER ACTION
	 	 	154	 
	SECTION 10.19. USA PATRIOT ACT
	 	 	154	 
	SECTION 10.20. NO ADVISORY OR FIDUCIARY RESPONSIBILITY
	 	 	154	 

	 	 	 
	SCHEDULES
	 	 
	 
	 	 
	I
	 	Guarantors
	1.01A
	 	Unrestricted Subsidiaries
	1.01B
	 	Excluded Subsidiaries
	2.01A
	 	Revolving Credit Commitment
	2.01B
	 	Term Commitment
	2.03(a)(iv)
	 	Existing Letters of Credit
	5.07
	 	Material Real Property
	5.08
	 	Environmental Matters
	5.11
	 	Subsidiaries
	5.15
	 	Labor Matters
	7.01(b)
	 	Existing Liens
	7.02(g)
	 	Existing Investments
	7.03(b)
	 	Existing Indebtedness
	7.08
	 	Transactions with Affiliates
	7.09
	 	Existing Restrictions
	10.02
	 	Administrative Agent’s Office, Certain Addresses for Notices

 

-iv-

 

	 	 	 
	EXHIBITS
	 	 
	 
	 	 
	Form of
	 	 
	 
	 	 
	A
	 	Committed Loan Notice
	B
	 	Swing Line Loan Notice
	C-1
	 	Term Note
	C-2
	 	Revolving Credit Note
	D
	 	Compliance Certificate
	E
	 	Assignment and Assumption
	F
	 	Guaranty
	G
	 	Security Agreement
	H-1
	 	Legal Opinion of Cleary Gottlieb Steen & Hamilton LLP
	H-2
	 	Legal Opinion of Bass, Berry & Sims PLC
	H-3
	 	Legal Opinion of Richards, Layton & Finger LLP
	I
	 	Drag-Along Rights Agreement
	J
	 	United States Tax Compliance Certificate
	K
	 	Discount Range Prepayment Notice
	L
	 	Discount Range Prepayment Offer
	M
	 	Solicited Discounted Prepayment Notice
	N
	 	Acceptance and Prepayment Notice
	O
	 	Specified Discount Prepayment Notice
	P
	 	Solicited Discounted Prepayment Offer
	Q
	 	Specified Discount Prepayment Response
	R
	 	First Lien Intercreditor Agreement

 

-v-

 

AMENDED AND RESTATED CREDIT AGREEMENT

This AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) is entered into as of May 3,
2011, among IASIS HEALTHCARE LLC, a Delaware limited liability company (the “Borrower”), IASIS
HEALTHCARE CORPORATION, a Delaware corporation (“Holdings”), BANK OF AMERICA, N.A., as
Administrative Agent, Swing Line Lender and L/C Issuer, and each lender from time to time party
hereto (collectively, the “Lenders” and individually, a “Lender”).

PRELIMINARY STATEMENTS

A revolving credit and term loan facility exists in favor of the Borrower pursuant to the
terms of that Amended and Restated Credit Agreement, dated as of April 27, 2007, among the
Borrower, Holdings, the lenders from time to time party thereto and Bank of America, as
administrative agent, revolving L/C issuer and synthetic L/C Issuer and swingline lender (the
“Existing Credit Agreement”).

The parties to the Restatement Agreement wish to amend and restate the Existing Credit
Agreement in the form of this Agreement and the Borrower has requested that the Lenders extend
credit to the Borrower in the form of (i) Term B Loans in an initial aggregate principal amount of
$1,025,000,000 and (ii) a Revolving Credit Facility in an initial aggregate principal amount of
$300,000,000. The Revolving Credit Facility may include one or more Letters of Credit from time to
time and one or more Swing Line Loans from time to time.

The proceeds of the Term B Loans will be used to finance a portion of the Transaction and to
pay the Transaction Expenses and for working capital and other general business purposes of the
Borrower and its Subsidiaries. The proceeds of the Revolving Credit Loans made after the Closing
Date will be used for working capital and other general business purposes of the Borrower and its
Subsidiaries, including the financing of Capital Expenditures, Permitted Acquisitions and other
Investments permitted by Section 7.02. Swing Line Loans and Letters of Credit will be used for
general business purposes of the Borrower and its Subsidiaries.

This Agreement is given in replacement of and substitution for the Existing Credit Agreement
and to refinance the Existing Credit Agreement.

The applicable Lenders have indicated their willingness to lend, and the L/C Issuers have
indicated their willingness to issue Letters of Credit, in each case, on the terms and subject to
the conditions set forth herein.

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

ARTICLE I

Definitions and Accounting Terms

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

“Acceptable Discount” has the meaning specified in Section 2.05(a)(v)(D)(2).

“Acceptable Prepayment Amount” has the meaning specified in Section 2.05(a)(v)(D)(3).

 

 

 

“Acceptance and Prepayment Notice” means a notice of the Borrower’s acceptance of the
Acceptable Discount in substantially the form of Exhibit N.

“Acceptance Date” has the meaning specified in Section 2.05(a)(v)(D)(2).

“Acquired EBITDA” means, with respect to any Acquired Entity or Business or any Converted
Restricted Subsidiary for any period, the amount for such period of Consolidated EBITDA of such
Acquired Entity or Business or Converted Restricted Subsidiary (determined using such definitions
as if references to the Borrower and the Restricted Subsidiaries therein were to such Acquired
Entity or Business and its Subsidiaries or such Converted Restricted Subsidiary and its
Subsidiaries, as the case may be), all as determined on a consolidated basis for such Acquired
Entity or Business or Converted Restricted Subsidiary.

“Acquired Entity or Business” has the meaning specified in the definition of the term
“Consolidated EBITDA.”

“Additional Credit Extension Amendment” means an amendment to this Agreement (which may be in
the form of an amendment and restatement) in form reasonably satisfactory to the Administrative
Agent providing for Incremental Term Loans, Revolving Commitment Increases, Extended Term Loans,
Replacement Term Loans or Extended Revolving Credit Commitments in accordance with the terms of
this Agreement.

“Additional Lender” has the meaning specified in Section 2.14(a).

“Additional Term B Commitment” means with respect to each Additional Term B Lender, its
commitment to make a Term B Loan on the Closing Date in an amount equal to the amount set forth on
the signature page of such Additional Term B Lender to the Additional Term B Joinder Agreement.
The aggregate principal amount of the Additional Term B Commitments shall be equal to
$1,025,000,000 minus the aggregate principal amount of the Converted Term Loans of all Lenders.
The Additional Term B Commitments and the aggregate principal amount of the Converted Term Loans of
each Lender is set forth opposite such Lender’s name on Schedule 2.01B under the caption
“Term Commitments and Converted Term Loans”.

“Additional Term B Joinder Agreement” means the joinder agreement, dated the Closing Date, by
and among the Borrower, the Administrative Agent and the Additional Term B Lenders.

“Additional Term B Lender” means each Person identified as such in the Additional Term B
Joinder Agreement.

“Administrative Agent” means Bank of America, in its capacity as administrative agent and
collateral agent under the Loan Documents, or any successor administrative agent and collateral
agent.

“Administrative Agent’s Office” means the Administrative Agent’s address and, as appropriate,
account as set forth on Schedule 10.02, or such other address or account as the
Administrative Agent may from time to time notify the Borrower and the Lenders.

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

 

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“Affiliate” means, with respect to any Person, another Person that directly, or indirectly
through one or more intermediaries, Controls or is Controlled by or is under common Control with
the Person specified. “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. For the avoidance of doubt, none of the Arrangers, the Agents, their
respective lending affiliates or any entity acting as an L/C Issuer hereunder shall be deemed to be
an Affiliate of Holdings, the Borrower or any of their respective Subsidiaries.

“Affiliated Lender” means, at any time, any Lender that is a Sponsor or an Affiliate of the
Sponsors (other than Holdings, the Borrower or any of their respective Subsidiaries) at such time.

“Affiliated Lender Register” has the meaning specified in Section 10.07(n).

“Agent-Related Persons” means the Agents, together with their respective Affiliates, and the
partners, officers, directors, members, employees, agents, advisors and attorneys-in-fact of such
Persons and Affiliates.

“Agents” means, collectively, the Administrative Agent, the Syndication Agent, the
Co-Documentation Agents, the Supplemental Administrative Agents (if any) and the Arrangers.

“Aggregate Commitments” means the Commitments of all the Lenders.

“Agreement” means this Amended and Restated Credit Agreement, as amended, restated, modified
or supplemented from time to time in accordance with the terms hereof.

“All-In Yield” means, as to any Indebtedness, the yield thereof, whether in the form of
interest rate, margin, original issue discount, upfront fees, a LIBOR or Base Rate floor greater
than any floor then applicable to the Term B Loans (with such increased amount being equated to
interest margins for purposes of determining any increase to the Applicable Rate), or otherwise;
provided that original issue discount and upfront fees shall be equated to interest rate assuming a
four-year life to maturity (or, if less, the stated life to maturity at the time of its incurrence
of the applicable Indebtedness); and provided, further, that “All-In Yield” shall not include
arrangement fees, structuring fees or underwriting or similar fees not generally paid to lenders in
connection with such Indebtedness.

“Applicable Rate” means a percentage per annum equal to (i) for LIBOR Loans that are Revolving
Credit Loans and Letter of Credit fees, 3.50%, (ii) for Base Rate Loans that are Revolving Credit
Loans, 2.50%, (iii) for commitment fees, 0.50%, (iv) for LIBOR Loans that are Term B Loans, 3.75%
and (v) for Base Rate Loans that are Term B Loans, 2.75%. The Applicable Rate for any Term Loans
other than the Term B Loans shall be as set forth in the applicable Additional Credit Extension
Amendment.

“Appropriate Lender” means, at any time, (a) with respect to Loans of any Class, the Lenders
of such Class, (b) with respect to any Letters of Credit, (i) the relevant L/C Issuers and (ii) the
Revolving Credit Lenders and (c) with respect to the Swing Line Facility, (i) the Swing Line Lender
and (ii) if any Swing Line Loans are outstanding pursuant to Section 2.04(a), the Revolving Credit
Lenders.

“Approved Fund” means any Fund that is administered, advised or managed by (a) a Lender, (b)
an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers, advises or
manages a Lender.

 

-3-

 

“Arrangers” means Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital, the
investment banking division of Barclays Bank PLC, Citigroup Global Markets Inc., J.P. Morgan
Securities LLC and Goldman Sachs Bank USA, each in its capacity as a Joint Lead Arranger and Joint
Book Runner under this Agreement.

“Assignee Group” means two or more Eligible Assignees that are Affiliates of one another or
two or more Approved Funds managed by the same investment advisor.

“Assignees” has the meaning specified in Section 10.07(b).

“Assignment and Assumption” means an Assignment and Assumption substantially in the form of
Exhibit E.

“Attorney Costs” means all reasonable fees, expenses and disbursements of any law firm or
other external legal counsel.

“Attributable Indebtedness” means, on any date, in respect of any Capitalized Lease of any
Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared
as of such date in accordance with GAAP.

“Auction Agent” means (a) the Administrative Agent or (b) any other financial institution or
advisor engaged by the Borrower (whether or not an Affiliate of the Administrative Agent) to act as
an arranger in connection with any Discounted Loan Prepayment pursuant to Section 2.05(a)(v);
provided that the Borrower shall not designate the Administrative Agent or any other Person as the
Auction Agent without the written consent of the Administrative Agent or such other Person (it
being understood that neither the Administrative Agent nor any other Person shall be under any
obligation to agree to act as the Auction Agent); provided, further, that neither the Borrower nor
any of its Affiliates may act as the Auction Agent.

“Audited Financial Statements” means the audited consolidated balance sheet of the Borrower as
of September 30, 2010, and the related audited consolidated statements of operations, members’
equity and cash flows for the Borrower for the fiscal year ended September 30, 2010.

“Auto-Extension Letter of Credit” has the meaning specified in Section 2.03(b)(iii).

“Available Amount” means, at any time (the “Reference Date”), the sum of:

(i) $100,000,000;

(ii) an amount (which amount shall not be less than zero) equal to the greater of (A)
50% (which percentage shall be increased to 75% for any period when the Borrower’s Senior
Secured Leverage Ratio is less than or equal to 1.75 to 1.00) of Consolidated Net Income of
the Borrower and the Restricted Subsidiaries for the Available Amount Reference Period and
(B) (x) the cumulative amount of Excess Cash Flow of the Borrower and the Restricted
Subsidiaries for each full fiscal year commencing after the Closing Date for which financial
statements have been delivered to the Administrative Agent and the Lenders minus (y) the
portion of such Excess Cash Flow that has been (or will be) after the Closing Date and on or
prior to the Reference Date applied to the prepayment of Term Loans in accordance with
Section 2.05(b)(i); plus

 

-4-

 

(iii) the aggregate amount of Retained Declined Proceeds retained by the Borrower
during the period from and including the Business Day immediately following the Closing Date
through and including the Reference Date; plus

(iv) the amount of any capital contributions or Net Cash Proceeds from Permitted Equity
Issuances (or issuances of debt securities that have been converted into or exchanged for
Qualified Equity Interests) received or made by the Borrower (or any direct or indirect
parent thereof and contributed by such parent to the Borrower) during the period from and
including the Business Day immediately following the Closing Date through and including the
Reference Date; plus

(v) to the extent not (A) already included in the calculation of Consolidated Net
Income of the Borrower and the Restricted Subsidiaries or (B) already reflected as a return
of capital with respect to such Investment for purposes of determining the amount of such
Investment, the aggregate amount of all cash dividends and other cash distributions received
by the Borrower or any Restricted Subsidiary from any Minority Investments or Unrestricted
Subsidiaries during the period from and including the Business Day immediately following the
Closing Date through and including the Reference Date; plus

(vi) to the extent not (A) already included in the calculation of Consolidated Net
Income of the Borrower and the Restricted Subsidiaries or (B) already reflected as a return
of capital with respect to such Investment for purposes of determining the amount of such
Investment, the aggregate amount of all cash repayments of principal received by the
Borrower or any Restricted Subsidiary from any Minority Investments or Unrestricted
Subsidiaries during the period from and including the Business Day immediately following the
Closing Date through and including the Reference Date in respect of loans or advances made
by the Borrower or any Restricted Subsidiary to such Minority Investments or Unrestricted
Subsidiaries; plus

(vii) to the extent not (A) already included in the calculation of Consolidated Net
Income of the Borrower and the Restricted Subsidiaries, (B) already reflected as a return of
capital with respect to such Investment for purposes of determining the amount of such
Investment or (C) required to be applied to prepay Term Loans in accordance with Section
2.05(b)(i), the aggregate amount of all Net Cash Proceeds received by the Borrower or any
Restricted Subsidiary in connection with the sale, transfer or other disposition of its
ownership interest in any Minority Investment or Unrestricted Subsidiary during the period
from and including the Business Day immediately following the Closing Date through and
including the Reference Date; minus

(viii) the aggregate amount of any Investments made pursuant to Section
7.02(d)(v)(B)(I) and Section 7.02(n), any Restricted Payment made pursuant to Section
7.06(l) or any payment made pursuant to Section 7.12(a)(iii) during the period commencing on
the Closing Date and ending on prior to the Reference Date (and, for purposes of this clause
(viii), without taking account of the intended usage of the Available Amount on such
Reference Date).

“Available Amount Reference Period” means, with respect to any Reference Date, the period
commencing April 1, 2011 and ending on the last day of the most recent fiscal quarter or fiscal
year, as applicable, for which financial statements required to be delivered pursuant to Section
6.01(a) or Section 6.01(b), and the related Compliance Certificate required to be delivered
pursuant to Section 6.02(a), have been received by the Administrative Agent.

“Bank of America” means Bank of America, N.A.

 

-5-

 

“Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the
Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as
publicly announced from time to time by the Administrative Agent as its “prime rate” and (c) the
LIBOR for such Class of Loan (after giving effect to any minimum rate applicable to the relevant
Class of Loans set forth in the definition thereof) plus 1.00%. The “prime rate” is a rate set by
the Administrative Agent based upon various factors including its costs and desired return, general
economic conditions and other factors, and is used as a reference point for pricing some loans,
which may be priced at, above, or below such announced rate. Any change in such rate announced by
the Administrative Agent shall take effect at the opening of business on the day specified in the
public announcement of such change.

“Base Rate Loan” means a Loan that bears interest based on the Base Rate.

“Board of Directors” means (1) with respect to a corporation, the board of directors of the
corporation or any committee thereof duly authorized to act on behalf of such board; (2) with
respect to a partnership, the Board of Directors of the general partner of the partnership; (3)
with respect to a limited liability company, the managing member or members or any controlling
committee of managing members thereof; and (4) with respect to any other Person, the board or
committee of such Person serving a similar function.

“Borrower” has the meaning specified in the introductory paragraph to this Agreement.

“Borrower Materials” has the meaning specified in Section 6.02.

“Borrower Offer of Specified Discount Prepayment” means the offer by any Loan Party to make a
voluntary prepayment of Loans at a specified discount to par pursuant to Section 2.05(a)(v)(B).

“Borrower Solicitation of Discount Range Prepayment Offers” means the solicitation by any Loan
Party of offers for, and the corresponding acceptance by a Lender of, a voluntary prepayment of
Loans at a specified range of discounts to par pursuant to Section 2.05(a)(v)(C).

“Borrower Solicitation of Discounted Prepayment Offers” means the solicitation by any Loan
Party of offers for, and the subsequent acceptance, if any, by a Lender of, a voluntary prepayment
of Loans at a discount to par pursuant to Section 2.05(a)(v)(D).

“Borrowing” means a Revolving Credit Borrowing, a Swing Line Borrowing or a Term Borrowing (of
a particular Class), as the context may require.

“Budget” has the meaning specified in Section 6.01(c).

“Business Day” means any day other than a Saturday, Sunday or other day on which commercial
banks are authorized to close under the Laws of, or are in fact closed in, the jurisdiction where
the Administrative Agent’s Office is located and if such day relates to any LIBOR Loan or any
fundings, disbursements, settlements and payments in respect of any such LIBOR Loan, means any such
day on which dealings in Dollar deposits are conducted by and between banks in the London interbank
eurodollar market.

“Capital Expenditures” means, for any period, the aggregate of all expenditures (whether paid
in cash or accrued as liabilities and including in all events all amounts expended or capitalized
under Capitalized Leases) by the Borrower and the Restricted Subsidiaries during such period that,
in
conformity with GAAP, are or are required to be included as capital expenditures on the
consolidated statement of cash flows of the Borrower and the Restricted Subsidiaries.

 

-6-

 

“Capitalized Lease Obligation” means, at the time any determination thereof is to be made, the
amount of the liability in respect of a Capitalized Lease that would at such time be required to be
capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto)
prepared in accordance with GAAP.

“Capitalized Leases” means all leases that have been or are required to be, in accordance with
GAAP, recorded as capitalized leases; provided that for all purposes hereunder the amount of
obligations under any Capitalized Lease shall be the amount thereof accounted for as a liability in
accordance with GAAP.

“Cash Collateral” has the meaning specified in Section 2.03(f).

“Cash Collateral Account” means a blocked account at Bank of America (or another commercial
bank selected in compliance with Section 9.09) in the name of the Administrative Agent and under
the sole dominion and control of the Administrative Agent, and otherwise established in a manner
satisfactory to the Administrative Agent.

“Cash Collateralize” has the meaning specified in Section 2.03(f).

“Cash Equivalents” means any of the following types of Investments, to the extent owned by the
Borrower or any Restricted Subsidiary:

(1) Dollars;

(2) securities issued or directly and fully and unconditionally guaranteed or insured
by the United States government or any agency or instrumentality thereof the securities of
which are unconditionally guaranteed as a full faith and credit obligation of such
government with maturities of 24 months or less from the date of acquisition;

(3) certificates of deposit, time deposits and eurodollar time deposits with maturities
of two years or less from the date of acquisition, bankers’ acceptances with maturities not
exceeding two years and overnight bank deposits, in each case with any domestic commercial
bank having capital and surplus of not less than $250,000,000;

(4) repurchase obligations for underlying securities of the types described in clauses
(2), (3) and (7) entered into with any financial institution meeting the qualifications
specified in clause (3) above;

(5) commercial paper rated at least P-1 by Moody’s or at least A-1 by S&P (or, if at
any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from
another nationally recognized statistical rating agency selected by the Borrower) and in
each case maturing within 24 months after the date of creation thereof and Indebtedness or
preferred stock issued by Persons with a rating of “A” or higher from S&P or “A2” or higher
from Moody’s with maturities of 24 months or less from the date of acquisition;

(6) marketable short-term money market and similar funds either having (A) assets in
excess of $250,000,000 or (B) a rating of at least P-2 or A-2 from either Moody’s or S&P, respectively (or, if at any time neither Moody’s nor S&P shall be rating such
obligations, an equivalent rating from another nationally recognized statistical rating
agency selected by the Borrower);

 

-7-

 

(7) readily marketable direct obligations issued by any state, commonwealth or
territory of the United States or any political subdivision or taxing authority thereof
having an Investment Grade Rating from either Moody’s or S&P (or, if at any time neither
Moody’s nor S&P shall be rating such obligations, an equivalent rating from another
nationally recognized statistical rating agency selected by the Borrower) with maturities of
24 months or less from the date of acquisition;

(8) readily marketable direct obligations issued by any foreign government or any
political subdivision or public instrumentality thereof, in each case having an Investment
Grade Rating from either Moody’s or S&P (or, if at any time neither Moody’s nor S&P shall be
rating such obligations, an equivalent rating from another nationally recognized statistical
rating agency selected by the Borrower) with maturities of 24 months or less from the date
of acquisition; and

(9) investment funds investing at least 90% of their assets in securities of the types
described in clauses (1) through (8) above.

“Cash Management Bank” means any Person that is a Lender or an Affiliate of a Lender at the
time it provides any Cash Management Services.

“Cash Management Obligations” means obligations owed by the Borrower or any Restricted
Subsidiary to any Cash Management Bank in respect of or in connection with any Cash Management
Services.

“Cash Management Services” means treasury, depository, overdraft, credit or debit card,
purchase card and other cash management services and any automated clearing house fund transfer
services.

“Casualty Event” means any event that gives rise to the receipt by the Borrower or any
Restricted Subsidiary of any insurance proceeds or condemnation awards in respect of any equipment,
fixed assets or real property (including any improvements thereon) to replace or repair such
equipment, fixed assets or real property.

“Change in Law” has the meaning specified in Section 3.04(a).

“Change of Control” means the earliest to occur of:

(a) (i) at any time prior to the consummation of a Qualifying IPO, the Permitted
Holders ceasing to own, in the aggregate, directly or indirectly, beneficially and of
record, at least thirty-five percent (35%) of the then outstanding voting stock of Holdings;
or

(ii) at any time upon or after the consummation of a Qualifying IPO, any “person” or
“group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act, but
excluding any employee benefit plan of such person and its Subsidiaries, and any person or
entity acting in its capacity as trustee, agent or other fiduciary or administrator of any
such plan), excluding the Permitted Holders, becomes the “beneficial owner” (as defined in
Rules 13(d)-3 and 13(d)-5 under such Act), directly or indirectly, of more than the greater
of (x) thirty-five percent (35%) of the then outstanding voting stock of Holdings and (y)
the percentage of the then outstanding voting stock of Holdings owned, directly or indirectly, beneficially and of
record, by the Permitted Holders;

unless, in the case of either clause (a)(i) or (a)(ii) above, the Permitted Holders have, at
such time, the right or the ability by voting power, contract or otherwise to elect or
designate for election at least a majority of the Board of Directors of Holdings; or

 

-8-

 

(b) the Board of Directors of Holdings shall cease to consist of a majority of the
Continuing Directors; or

(c) any “Change of Control” (or any comparable term) in any document pertaining to the
Senior Notes Indenture; or

(d) subject to Section 7.04, the Borrower ceases to be a direct Wholly Owned Subsidiary
of Holdings.

“Class” (a) when used with respect to Lenders, refers to whether such Lenders are Revolving
Credit Lenders or Term Lenders with a particular Class of Term Loans, (b) when used with respect to
Commitments, refers to whether such Commitments are Revolving Credit Commitments, Additional Term B
Commitments or Commitments with respect to a particular Class of Term Loans and (c) when used with
respect to Loans or a Borrowing, refers to whether such Loans, or the Loans comprising such
Borrowing, are Revolving Credit Loans, Term B Loans, Extended Term Loans (with the same economic
terms and amortization schedule), Incremental Term Loans (with the same economic terms and
amortization schedule) or Replacement Term Loans (with the same economic terms and amortization
schedule).

“Closing Date” means the first date on which all the conditions precedent in Section 4.01 are
satisfied or waived in accordance with Section 10.01.

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

“Co-Documentation Agents” means Citicorp North America, Inc., General Electric Capital
Corporation and SunTrust Bank, each in its capacity as a Co-Documentation Agent under this
Agreement.

“Collateral” means all the “Collateral” as defined in any Collateral Document and shall
include the Mortgaged Properties.

“Collateral and Guarantee Requirement” means, at any time, the requirement that:

(a) the Administrative Agent shall have received each Collateral Document required to
be delivered on the Closing Date pursuant to Section 4.01(a)(iii) or pursuant to Section
6.11 or Section 6.13 at such time, duly executed by each Loan Party thereto;

(b) all Obligations shall have been unconditionally guaranteed by Holdings, each Wholly
Owned Material Subsidiary of the Borrower that is not an Excluded Subsidiary and each entity
that is listed on Schedule I hereto (each, a “Guarantor”);

(c) the Obligations and the Guaranties shall have been secured by a first-priority
security interest in all of the following to the extent not constituting Excluded Property
(i) all the
Equity Interests of the Borrower and (ii) all Equity Interests of each Restricted
Subsidiary that are directly owned by any Loan Party;

 

-9-

 

(d) except to the extent otherwise provided hereunder or under any Collateral Document,
the Obligations and the Guaranties shall have been secured by a perfected security interest
(to the extent such security interest may be perfected by delivering certificated
securities, filing UCC financing statements or making any necessary filings with the United
States Patent and Trademark Office or United States Copyright Office) in substantially all
tangible and intangible personal property of the Borrower and each Guarantor (including
accounts (other than deposit accounts or other bank or securities accounts and any
Securitization Assets), inventory, equipment, investment property, contract rights,
intellectual property, other general intangibles, and proceeds of the foregoing); provided
that a security interest will not be granted in Excluded Property;

(e) none of the Collateral shall be subject to any Liens other than Liens permitted by
Section 7.01; and

(f) the Administrative Agent shall have received (i) counterparts of a Mortgage with
respect to each Material Real Property required to be delivered pursuant to Section 6.11 and
6.13(b) (the “Mortgaged Properties”) duly executed and delivered by the record owner of such
property, (ii) a Mortgage Policy with respect to each Mortgage, and (iii) such existing
surveys, existing abstracts and existing appraisals in the possession of the Borrower and
such legal opinions (with respect to the enforceability and perfection of the Mortgages and
any related fixture filings) and other documents as the Administrative Agent may reasonably
request with respect to any such Mortgaged Property.

The foregoing definition shall not require the creation or perfection of pledges of or
security interests in, or the obtaining of a Mortgage Policy or survey with respect to, particular
assets if and for so long as, in the reasonable judgment of the Administrative Agent and the
Borrower, the cost of creating or perfecting such pledges or security interests in such assets or
obtaining a Mortgage Policy or survey in respect of such assets shall be excessive in view of the
benefits to be obtained by the Lenders therefrom.

The Administrative Agent may grant extensions of time for the perfection of security interests
in or the obtaining of a Mortgage Policy (or survey, if required by the title insurer issuing the
applicable Mortgage Policy for deletion of the so-called “survey exception“) with respect to
particular assets (including extensions beyond the Closing Date for the perfection of security
interests in the assets of the Loan Parties on such date or the obtaining of a Mortgage Policy (or
survey, if required by the title insurer issuing the applicable Mortgage Policy for deletion of the
so-called “survey exception“)) where it reasonably determines, in consultation with the Borrower,
that perfection or the obtaining of such Mortgage Policy (or survey, if required by the title
insurer issuing the applicable Mortgage Policy for deletion of the so-called “survey exception“)
cannot be accomplished without undue effort or expense by the time or times at which it would
otherwise be required by this Agreement or the Collateral Documents.

“Collateral Documents” means, collectively, the Security Agreement, the Mortgages, each of the
collateral assignments, Security Agreement Supplements, security agreements, pledge agreements or
other similar agreements delivered to the Administrative Agent and the Lenders pursuant to Section
6.11 or Section 6.13, the Guaranty and each of the other agreements, instruments or documents that
creates or purports to create a Lien or Guarantee in favor of the Administrative Agent for the
benefit of the Secured Parties.

 

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“Commitment” means a Term Commitment or a Revolving Credit Commitment, as the context may
require.

“Committed Loan Notice” means a notice of (a) a Term Borrowing, (b) a Revolving Credit
Borrowing, (c) a conversion of Loans from one Type to the other, or (d) a continuation of LIBOR
Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of
Exhibit A.

“Compensation Period” has the meaning specified in Section 2.12(c)(ii).

“Compliance Certificate” means a certificate substantially in the form of Exhibit D.

“Confidential Healthcare Information” has the meaning specified in Section 6.10.

“Consenting Term Lender” means each Lender that has provided the Administrative Agent with a
counterpart to the Restatement Agreement executed by such Lender.

“Consolidated Depreciation and Amortization Expense” means with respect to any Person for any
period, the total amount of depreciation and amortization expense of such Person, including the
amortization of deferred financing fees or costs for such period on a consolidated basis and
otherwise determined in accordance with GAAP.

“Consolidated EBITDA” means, with respect to any Person for any period, the Consolidated Net
Income of such Person for such period:

(a) increased by the following (without duplication):

(i) provision for taxes based on income or profits or capital, including,
without limitation, federal, state, franchise, excise and similar taxes and foreign
withholding taxes of such Person paid or accrued during such period, including any
penalties and interest relating to any tax examinations, to the extent the same were
taken into account in calculating such Consolidated Net Income and the net tax
expense associated with any adjustments made pursuant to clauses (a) through (k) of
the definition of Consolidated Net Income; plus

(ii) total interest expense of such Person for such period and, to the extent
not reflected in such total interest expense, any losses with respect to obligations
under any Swap Contracts or other derivative instruments entered into for the
purpose of hedging interest rate risk, net of interest income and gains with respect
to such obligations, and costs of surety bonds in connection with financing
activities, to the extent the same were deducted (and not added back) in calculating
such Consolidated Net Income; plus

(iii) Consolidated Depreciation and Amortization Expense of such Person for
such period to the extent deducted (and not added back) in computing Consolidated
Net Income; plus

(iv) any fees, expenses or charges (other than depreciation or amortization
expense) related to any acquisition, investment, asset disposition, incurrence or
repayment of indebtedness (including such fees, expenses or charges related to the
Loans and any credit facilities), issuance of equity interests, refinancing
transaction or amendment or modification of any debt instrument (including any
amendment or other modification of the Senior Notes, the Senior Subordinated Notes,
the Loans and any credit facilities)
and including, in each case, any such transaction consummated prior to the
Closing Date and any such transaction undertaken but not completed, and any charges
or non-recurring merger costs incurred during such period as a result of any such
transaction, (x) whether or not successful and (y) in each case, to the extent
deducted (and not added back) in computing Consolidated Net Income; plus

 

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(v) the amount of any restructuring charges, integration and facilities opening
costs or other business optimization expenses (including cost and expenses relating
to business optimization programs and new systems design and implementation costs),
one-time restructuring or transaction costs incurred in connection with acquisitions
made after the Closing Date, project start-up costs, costs related to the closure
and/or consolidation of facilities or accruals or reserves, in each case to the
extent deducted (and not added back) in such period in computing such Consolidated
Net Income; plus

(vi) any other non-cash charges (collectively, the “Non-Cash Charges”),
including any write offs or write downs reducing such Consolidated Net Income for
such period (provided that if any such non-cash charges represent an accrual or
reserve for potential cash items in any future period, the cash payment in respect
thereof in such future period shall be subtracted from Consolidated EBITDA to such
extent, and excluding amortization of a prepaid cash item that was paid in a prior
period); plus

(vii) the amount of management, monitoring, consulting and advisory fees
(including termination fees) and related indemnities and expenses paid or accrued in
such period to the Sponsors and deducted (and not added back) in such period in
computing such Consolidated Net Income; plus

(viii) [Reserved]; plus

(ix) extraordinary losses and unusual or non-recurring charges (including any
unusual or non-recurring operating expenses directly attributable to the
implementation of cost-savings initiatives), severance, relocation costs and
curtailments or modifications to pension and post-retirement employee benefit plans;
plus

(x) the amount of “run-rate” cost savings projected by the Borrower in good
faith to result from actions either taken or expected to be taken within 12 months
after the end of such period (which cost savings shall be subject only to
certification by management of the Borrower and calculated on a pro forma basis as
though such cost savings had been realized on the first day of such period), net of
the amount of actual benefits realized from such actions (it is understood and
agreed that “run-rate” means the full recurring benefit that is associated with any
action taken or expected to be taken, provided that some portion of such benefit is
expected to be realized within 12 months of taking such action); plus

(xi) the amount of loss on sale of receivables, Securitization Assets and
related assets to any Securitization Subsidiary in connection with a Qualified
Securitization Financing; plus

 

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(xii) any costs or expense incurred by Holdings, the Borrower or a Restricted
Subsidiary pursuant to any management equity plan or stock option plan or any other
management or employee benefit plan or agreement or any stock subscription or
shareholder agreement, to the extent that such cost or expenses are funded with cash
proceeds
contributed to the capital of Holdings or the Borrower or net cash proceeds of
an issuance of Equity Interests of Holdings or the Borrower (other than Disqualified
Equity Interests) solely to the extent that such net cash proceeds (a) were not
required to be applied to prepay the Loans pursuant to Section 2.05(b) and (b) have
not previously been (and are not simultaneously being) applied to anything other
than such cost or expenses; plus

(xiii) any net loss from disposed or discontinued operations; plus

(xiv) cash receipts (or any netting arrangements resulting in reduced cash
expenditures) not representing Consolidated EBITDA or Consolidated Net Income in any
period to the extent non-cash gains relating to such income were deducted in the
calculation of Consolidated EBITDA pursuant to paragraph (b) below for any previous
period and not added back; plus

(xv) interest income or investment earnings on retiree medical and intellectual
property, royalty or license receivables; plus

(xvi) fees and expenses incurred in connection with the investigation by the
Office of Inspector General of the United States Department of Health and Human
Services in an amount not to exceed $10.0 million per fiscal year, provided that the
maximum amount of such fees and expenses that may be added back to Consolidated Net
Income in any fiscal year shall be increased by the unused amount of add-backs that
were permitted in any prior fiscal year;

(b) decreased by the following (without duplication), in each case to the extent
included in determining Consolidated Net Income for such period:

(i) non-cash gains increasing Consolidated Net Income for such period,
excluding any non-cash gains to the extent they represent the reversal of an accrual
or reserve for a potential cash item that reduced Consolidated EBITDA in any prior
period and any non-cash gains with respect to cash actually received in a prior
period so long as such cash did not increase Consolidated EBITDA in such prior
period;

(ii) any net income from disposed or discontinued operations; plus

(iii) extraordinary gains and unusual or non-recurring gains.

There shall be included in determining Consolidated EBITDA for any period, without
duplication, (A) the Acquired EBITDA of any Person, property, business or asset acquired by the
Borrower or any Restricted Subsidiary during such period (but not the Acquired EBITDA of any
related Person, property, business or assets to the extent not so acquired), to the extent not
subsequently sold, transferred or otherwise disposed by the Borrower or such Restricted Subsidiary
during such period (each such Person, property, business or asset acquired and not subsequently so
disposed of, an “Acquired Entity or Business”) and the Acquired EBITDA of any Unrestricted
Subsidiary that is converted into a Restricted Subsidiary during such period (each a “Converted
Restricted Subsidiary”), based on the actual Acquired EBITDA of such Acquired Entity or Business or
Converted Restricted Subsidiary for such period (including the portion thereof occurring prior to
such acquisition) and (B) an adjustment in respect of each Acquired Entity or Business or Converted
Restricted Subsidiary equal to the amount of the Pro Forma Adjustment with respect to such Acquired
Entity or Business or Converted Restricted Subsidiary for such period (including the portion
thereof occurring prior to such acquisition) as specified in a certificate executed by a
Responsible Officer and delivered to the Lenders and the Administrative Agent. There shall be

 

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excluded in determining Consolidated EBITDA for any period the Disposed EBITDA of any Person,
property, business or asset (other than an Unrestricted Subsidiary) sold, transferred or otherwise
disposed of, closed or classified as discontinued operations by the Borrower or any Restricted
Subsidiary during such period (each such Person, property, business or asset so sold or disposed
of, a “Sold Entity or Business”) and the Disposed EBITDA of any Restricted Subsidiary that is
converted into an Unrestricted Subsidiary during such period (each a “Converted Unrestricted
Subsidiary”), based on the actual Disposed EBITDA of such Sold Entity or Business or Converted
Unrestricted Subsidiary for such period (including the portion thereof occurring prior to such
sale, transfer or disposition).

“Consolidated Net Income” means, with respect to any Person for any period, the aggregate of
the Net Income of such Person and its Restricted Subsidiaries for such period on a consolidated
basis and otherwise determined in accordance with GAAP; provided, however, that, without
duplication,

(a) the cumulative effect of a change in accounting principles and changes as a result
of the adoption or modification of accounting policies during such period shall be excluded,

(b) the Net Income for such period of any Person that is not a Subsidiary, or is an
Unrestricted Subsidiary, or that is accounted for by the equity method of accounting, shall
be excluded; provided that Consolidated Net Income of the Borrower shall be increased by the
amount of dividends or distributions or other payments that are actually paid in cash (or to
the extent converted into cash) to the Borrower or a Restricted Subsidiary thereof in
respect of such period,

(c) effects of adjustments (including the effects of such adjustments pushed down to
the Borrower and the Restricted Subsidiaries) in the inventory, property and equipment,
software, goodwill, other intangible assets, in-process research and development, deferred
revenue and debt line items in such Person’s consolidated financial statements pursuant to
GAAP resulting from the application of purchase accounting in relation to the Transaction or
the 2004 Transactions or any consummated acquisition or the amortization or write-off of any
amounts thereof, net of taxes, shall be excluded,

(d) the amount of any minority interest expense consisting of Subsidiary income
attributable to minority equity interests of third parties in any non-Wholly Owned
Subsidiary shall be included,

(e) any after-tax effect of income (loss) from the early extinguishment of (i)
Indebtedness, (ii) obligations under any Swap Contracts or (iii) other derivative
instruments shall be excluded,

(f) any impairment charge or asset write-off or write-down, including impairment
charges or asset write-offs or write-downs related to intangible assets, long-lived assets,
investments in debt and equity securities or as a result of a change in law or regulation,
in each case, pursuant to GAAP, and the amortization of intangibles arising pursuant to GAAP
shall be excluded,

(g) any non-cash compensation charge or expense, including any such charge arising from
the grants of stock appreciation or similar rights, stock options, restricted stock or other
rights shall be excluded,

 

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(h) any fees, expenses or charges incurred during such period, or any amortization
thereof for such period, in connection with any acquisition, investment, asset disposition,
incurrence or repayment of indebtedness (including such fees, expenses or charges related to
the Loans
and any credit facilities), issuance of equity interests, refinancing transaction or
amendment or modification of any debt instrument (including any amendment or other
modification of the Senior Notes, the Loans and any credit facilities) and including, in
each case, any such transaction consummated prior to the Closing Date and any such
transaction undertaken but not completed, and any charges or non-recurring merger costs
incurred during such period as a result of any such transaction, in each case whether or not
successful, shall be excluded,

(i) [Reserved],

(j) losses or gains on asset sales (other than asset sales made in the ordinary course
of business) shall be excluded, and

(k) the following items shall be excluded:

(i) any net unrealized gain or loss (after any offset) resulting in such period
from obligations under any Swap Contracts and the application of Statement of
Financial Accounting Standards No. 133; and

(ii) any net unrealized gain or loss (after any offset) resulting in such
period from currency translation gains or losses including those (x) related to
currency remeasurements of Indebtedness and (y) resulting from hedge agreements for
currency exchange risk.

In addition, to the extent not already included in the Consolidated Net Income of such Person and
its Restricted Subsidiaries, notwithstanding anything to the contrary in the foregoing,
Consolidated Net Income shall include the amount of proceeds received from business interruption
insurance and reimbursements of any expenses and charges that are covered by indemnification or
other reimbursement provisions in connection with any investment or any sale, conveyance, transfer
or other disposition of assets permitted hereunder.

“Consolidated Senior Secured Debt” means, as of any date of determination, the aggregate
principal amount of Consolidated Total Debt outstanding on such date that is secured by a Lien.

“Consolidated Total Debt” means, as of any date of determination, (a) the aggregate principal
amount of Indebtedness of the Borrower and the Restricted Subsidiaries outstanding on such date,
determined on a consolidated basis in accordance with GAAP (but excluding the effects of any
discounting of Indebtedness resulting from the application of purchase accounting in connection
with the 2004 Transactions or any Permitted Acquisition), consisting of Indebtedness for borrowed
money, obligations in respect of Capitalized Leases and debt obligations evidenced by promissory
notes or similar instruments, minus (b) the aggregate amount of cash and Cash Equivalents
(in each case, free and clear of all Liens, other than nonconsensual Liens permitted by Section
7.01 and Liens permitted by Section 7.01(q) and clauses (i) and (ii) of Section 7.01(r)) in excess
of $50,000,000 included in the consolidated balance sheet of the Borrower and the Restricted
Subsidiaries as of such date; provided that Consolidated Total Debt shall not include Indebtedness
in respect of (i) any Qualified Securitization Financing, (ii) Letters of Credit, except to the
extent of Unreimbursed Amounts thereunder, (iii) Unrestricted Subsidiaries and (iv) obligations
under Swap Contracts.

 

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“Consolidated Working Capital” means, at any date, the excess of (a) the sum of (i) all
amounts (other than cash and Cash Equivalents) that would, in conformity with GAAP, be set forth
opposite the caption “total current assets” (or any like caption) on a consolidated balance sheet
of the Borrower and the Restricted Subsidiaries at such date and (ii) long-term accounts receivable
over (b) the sum of (i)
all amounts that would, in conformity with GAAP, be set forth opposite the caption “total
current liabilities” (or any like caption) on a consolidated balance sheet of the Borrower and the
Restricted Subsidiaries on such date and (ii) long-term deferred revenue, but excluding, without
duplication, (1) the current portion of any Funded Debt, (2) all Indebtedness consisting of
Revolving Credit Loans, Swing Line Loans and L/C Obligations to the extent otherwise included
therein, (3) the current portion of interest, (4) the current portion of current and deferred
income taxes, (5) the current portion of any Capitalized Lease Obligations and (6) deferred revenue
arising from cash receipts that are earmarked for specific projects.

“Continuing Director” means, at any date, any individual (a) who is a director of Holdings on
the Closing Date, (b) whose nomination for election to the Board of Directors of Holdings is
recommended by a majority of the then Continuing Directors, (c) who, as at such date, has been a
member of the Board of Directors of Holdings for at least the 12 preceding months or (d) whose
nomination for election to the Board of Directors of Holdings has been recommended, directly or
indirectly, by the Sponsors or Persons nominated by the Sponsors.

“Contract Consideration” has the meaning specified in the definition of “Excess Cash Flow.”

“Contractual Obligation” means, as to any Person, any provision of any security issued by such
Person or of any agreement, instrument or other undertaking to which such Person is a party or by
which it or any of its property is bound.

“Control” has the meaning specified in the definition of “Affiliate.”

“Converted Restricted Subsidiary” has the meaning specified in the definition of “Consolidated
EBITDA.”

“Converted Term Loan” means each Existing Term Loan held by a Consenting Term Lender on the
Closing Date (or, if less, the amount of such Consenting Term Lender’s Existing Term Loan notified
to such Lender by the Administrative Agent as such Lender’s Converted Term Loan) immediately prior
to the initial extensions of credit hereunder on the Closing Date.

“Converted Unrestricted Subsidiary” has the meaning specified in the definition of
“Consolidated EBITDA.”

“Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit
Extension.

“Debt Fund Affiliate” means any Affiliate of any of the Sponsors that is a bona fide
diversified debt fund or other entity that invests in diversified long-term debt in the ordinary
course of its business.

“Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other
liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium,
rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the
United States or other applicable jurisdictions from time to time in effect and affecting the
rights of creditors generally.

“Declined Proceeds” has the meaning specified in Section 2.05(b)(vi).

“Default” means any event or condition that constitutes an Event of Default or that, with the
giving of any notice, the passage of time, or both, would be an Event of Default.

 

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“Default Rate” means an interest rate equal to (a) the Base Rate plus (b) the
Applicable Rate applicable to Base Rate Loans plus (c) 2.0% per annum; provided that with
respect to a LIBOR Loan, the Default Rate shall be an interest rate equal to the interest rate
(including any Applicable Rate) otherwise applicable to such Loan plus 2.0% per annum, in
each case, to the fullest extent permitted by applicable Laws.

“Defaulting Creditor” has the meaning specified in Section 8.04(d).

“Defaulting Lender” means, subject to Section 2.15(b), any Lender that, as determined by the
Administrative Agent, (a) has failed to perform any of its funding obligations hereunder, including
in respect of its Loans or participations in respect of Letters of Credit or Swing Line Loans,
within two Business Days of the date required to be funded by it hereunder, (b) has notified the
Borrower or the Administrative Agent that it does not intend to comply with its funding obligations
or has made a public statement to that effect with respect to its funding obligations hereunder or
under other agreements in which it commits to extend credit, (c) has failed, within three Business
Days after written request by the Administrative Agent, to confirm in a manner satisfactory to the
Administrative Agent that it will comply with its funding obligations (provided that such Lender
shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written
confirmation by the Administrative Agent and the Borrower) or (d) has, or has a direct or indirect
parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii)
had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or
similar Person charged with reorganization or liquidation of its business or a custodian appointed
for it or (iii) taken any action in furtherance of, or indicated its consent to, approval of or
acquiescence in any such proceeding or appointment; provided that a Lender shall not be a
Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that
Lender or any direct or indirect parent company thereof by a Governmental Authority.

“Designated Non-Cash Consideration” means the fair market value of non-cash consideration
received by the Borrower or a Restricted Subsidiary in connection with a Disposition pursuant to
Section 7.05(j) that is designated as Designated Non-Cash Consideration pursuant to a certificate
of a Responsible Officer, setting forth the basis of such valuation (which amount will be reduced
by the fair market value of the portion of the non-cash consideration converted to cash within 180
days following the consummation of the applicable Disposition).

“Discounted Loan Prepayment” has the meaning assigned to such term in Section 2.05(a)(v)(A).

“Discounted Prepayment Determination Date” has the meaning assigned to such term in Section
2.05(a)(v)(D)(3).

“Discounted Prepayment Effective Date” means in the case of a Borrower Offer of Specified
Discount Prepayment, Borrower Solicitation of Discount Range Prepayment Offer or Borrower
Solicitation of Discounted Prepayment Offer, five (5) Business Days following the Specified
Discount Prepayment Response Date, the Discount Range Prepayment Response Date or the Solicited
Discounted Prepayment Response Date, as applicable, in accordance with Section 2.05(a)(v)(B),
Section 2.05(a)(v)(C) or Section 2.05(a)(v)(D), respectively, unless a shorter period is agreed to
between the Borrower and the Auction Agent.

“Discount Prepayment Accepting Lender” has the meaning assigned to such term in Section
2.05(a)(v)(B)(2).

“Discount Range” has the meaning assigned to such term in Section 2.05(a)(v)(C)(1).

 

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“Discount Range Prepayment Amount” has the meaning assigned to such term in Section
2.05(a)(v)(C)(1).

“Discount Range Prepayment Notice” means a written notice of a Borrower Solicitation of
Discount Range Prepayment Offers made pursuant to Section 2.05(a)(v)(C) substantially in the form
of Exhibit K.

“Discount Range Prepayment Offer” means the irrevocable written offer by a Lender,
substantially in the form of Exhibit L, submitted in response to an invitation to submit
offers following the Auction Agent’s receipt of a Discount Range Prepayment Notice.

“Discount Range Prepayment Response Date” has the meaning assigned to such term in Section
2.05(a)(v)(C)(1).

“Discount Range Proration” has the meaning assigned to such term in Section 2.05(a)(v)(C)(3).

“Disposed EBITDA” means, with respect to any Sold Entity or Business or any Converted
Unrestricted Subsidiary for any period, the amount for such period of Consolidated EBITDA of such
Sold Entity or Business or such Converted Unrestricted Subsidiary (determined using such
definitions as if references to the Borrower and its Restricted Subsidiaries therein are to such
Sold Entity or Business and its Subsidiaries or such Converted Unrestricted Subsidiary and its
Subsidiaries, as the case may be), all as determined on a consolidated basis for such Sold Entity
or Business or such Converted Unrestricted Subsidiary.

“Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition
(including any sale and leaseback transaction and any sale of Equity Interests) of any property by
any Person, including any sale, assignment, transfer or other disposal, with or without recourse,
of any notes or accounts receivable or any rights and claims associated therewith; provided that
any single transaction or series of related transactions resulting in net cash proceeds equal to or
less than $7,500,000 shall not be considered “Dispositions” for purposes of Section 2.05(b)(ii) or
Section 7.05.

“Disposition Prepayment Percentage” has the meaning specified in Section 2.05(b)(ii)(A).

“Disqualified Equity Interests” means any Equity Interest that, by its terms (or by the terms
of any security or other Equity Interests into which it is convertible or for which it is
exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily
redeemable (other than solely for Qualified Equity Interests), pursuant to a sinking fund
obligation or otherwise (except as a result of a change of control or asset sale so long as any
rights of the holders thereof upon the occurrence of a change of control or asset sale event shall
be subject to the prior repayment in full of the Loans and all other Obligations that are accrued
and payable and the termination of the Commitments and all outstanding Letters of Credit), (b) is
redeemable at the option of the holder thereof (other than solely for Qualified Equity Interests),
in whole or in part, (c) provides for scheduled payments of dividends in cash, or (d) is or becomes
convertible into or exchangeable for Indebtedness or any other Equity Interests that would
constitute Disqualified Equity Interests, in each case, prior to the date that is ninety-one (91)
days after the latest Maturity Date of all then outstanding Term Loans (determined as of the date
of incurrence); provided that if such Equity Interests are issued pursuant to a plan for the
benefit of employees of Holdings, the Borrower or the Restricted Subsidiaries or by any such plan
to such employees, such Equity Interests shall not constitute Disqualified Equity Interests solely
because it may be required to be repurchased by Holdings, the Borrower or the Restricted Subsidiaries in order to satisfy applicable
statutory or regulatory obligations.

 

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

“Domestic Subsidiary” means any Subsidiary that is organized under the Laws of the United
States, any state thereof or the District of Columbia.

“ECF Percentage” has the meaning specified in Section 2.05(b)(i).

“Eligible Assignee” means any Assignee permitted by and consented to in accordance with
Section 10.07(b).

“Eligible Purchaser” has the meaning specified in Section 8.04(a).

“Environment” means ambient air, indoor air, land surface and subsurface strata, surface
water, ground water, drinking water, and natural resources such as wetlands, flora and fauna.

“Environmental Claim” means any and all administrative, regulatory or judicial actions, suits,
demands, demand letters, claims, liens, notices of noncompliance or violation, investigations
(other than internal reports prepared by any Loan Party or any of its Subsidiaries (a) in the
ordinary course of such Person’s business or (b) as required in connection with a financing
transaction or an acquisition or disposition of real estate) or proceedings with respect to any
Environmental Liability (hereinafter “Claims”), including (i) any and all Claims by governmental or
regulatory authorities for enforcement, cleanup, removal, response, remedial or other actions or
damages pursuant to any Environmental Law and (ii) any and all Claims by any third party seeking
damages, contribution, indemnification, cost recovery, compensation or injunctive relief pursuant
to any Environmental Law.

“Environmental Laws” means any and all Laws (including common law) relating to pollution, the
protection of the Environment or, to the extent relating to exposure to Hazardous Materials, human
health.

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

“Environmental Permit” means any permit, approval, identification number, license or other
authorization required under any Environmental Law.

“Equity Interests” means, with respect to any Person, the shares, interests, rights,
participations or other equivalents (however designated) of capital stock of (or other ownership or
profit interests or units in) such Person and warrants, options or other rights for the purchase,
acquisition or exchange from such Person of any of the foregoing (including through convertible
securities).

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

 

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“ERISA Affiliate” means any trade or business (whether or not incorporated) that is under
common control with Holdings or the Borrower and is treated as a single employer within the meaning
of Section 414 of the Code or Section 4001 of ERISA.

“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by
Holdings or the Borrower or any of their respective ERISA Affiliates from a Pension Plan subject to
Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in
Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as a termination under
Section 4062(e) of ERISA; (c) a complete or partial withdrawal by Holdings or the Borrower or any
of their respective ERISA Affiliates from a Multiemployer Plan, notification of Holdings or the
Borrower or any of their respective ERISA Affiliates concerning the imposition of withdrawal
liability or notification that a Multiemployer Plan is insolvent or is in reorganization within the
meaning of Title IV of ERISA; (d) the filing of a notice of intent to terminate, the treatment of a
Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or the commencement of
proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) the institution of
any proceeding to terminate, or appoint an Administrative Agent to administer, any Pension Plan or
Multiemployer Plan; (f) the requirements of PBGC Regulation Section 4043.61 (without regard to
subparagraph (b)(1) thereof) apply with respect to a contributing sponsor (as defined in Section
4001(a)(13) of ERISA) of a Pension Plan, and an event described in subsection .62, .63, .64, .65, .66, .67 or .68 of PBGC Regulation Section 4043 has occurred with respect to such Plan (other than
an event for which the 30 day notice period has been waived); (g) an accumulated funding
deficiency, within the meaning of Section 412 of the Code or Section 302 of ERISA exists, or an
application for a minimum funding standard waiver or modification has been filed (including any
required installment payments) with respect to a Plan; (h) the failure to make any required
contribution to any Plan or Multiemployer Plan; (i) the existence of an Unfunded Current Liability
with respect to a Plan; (j) the institution of a proceeding pursuant to Section 515 of ERISA to
collect a delinquent contribution to a Multiemployer Plan; or (k) a liability has been incurred or
is likely to be incurred by Holdings or the Borrower or any of their respective ERISA Affiliates
with respect to a Plan under Section 409, 502(i), 502(l), 515, 4062, 4063, 4064, 4069, 4201, 4204
or 4212 of ERISA or Section 401(a)(29), 4971 or 4975 of the Code.

“Event of Default” has the meaning specified in Section 8.01.

“Excess Cash Flow” means, for any period, an amount equal to the excess of:

(a) the sum, without duplication, of:

(i) Consolidated Net Income of the Borrower for such period,

(ii) an amount equal to the amount of all non-cash charges (including
depreciation and amortization) to the extent deducted in arriving at such
Consolidated Net Income,

(iii) decreases in Consolidated Working Capital for such period (other than any
such decreases arising from acquisitions or Dispositions by the Borrower and the
Restricted Subsidiaries completed during such period or the application of purchase
accounting),

(iv) an amount equal to the aggregate net non-cash loss on Dispositions by the
Borrower and the Restricted Subsidiaries during such period (other than Dispositions
in the ordinary course of business) to the extent deducted in arriving at such
Consolidated Net Income, and

 

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(v) cash receipts in respect of Swap Contracts during such fiscal year to the
extent not otherwise included in such Consolidated Net Income; over

(b) the sum, without duplication, of:

(i) an amount equal to the amount of all non-cash credits included in arriving
at such Consolidated Net Income and cash charges included in clauses (a) through (k)
of the definition of Consolidated Net Income,

(ii) without duplication of amounts deducted pursuant to clause (xi) below in
prior fiscal years, the amount of Capital Expenditures or acquisitions of
intellectual property accrued or made in cash during such period, except to the
extent that such Capital Expenditures or acquisitions were financed with the
proceeds of Indebtedness of the Borrower or the Restricted Subsidiaries,

(iii) the aggregate amount of all principal payments of Indebtedness of the
Borrower and the Restricted Subsidiaries (including (A) the principal component of
payments in respect of Capitalized Leases and (B) the amount of any mandatory
prepayment of Term Loans pursuant to Section 2.05(b)(ii) to the extent required due
to a Disposition that resulted in an increase to such Consolidated Net Income and
not in excess of the amount of such increase but excluding (X) all other prepayments
of Term Loans, (Y) all prepayments of Revolving Credit Loans and Swing Line Loans
and (Z) all prepayments in respect of any other revolving credit facility, except,
in the case of clauses (Y) and (Z), to the extent there is an equivalent permanent
reduction in commitments thereunder) made during such period, except to the extent
financed with the proceeds of other Indebtedness of the Borrower or the Restricted
Subsidiaries,

(iv) an amount equal to the aggregate net non-cash gain on Dispositions by the
Borrower and the Restricted Subsidiaries during such period (other than Dispositions
in the ordinary course of business) to the extent included in arriving at such
Consolidated Net Income,

(v) increases in Consolidated Working Capital for such period (other than any
such increases arising from acquisitions or Dispositions by the Borrower and the
Restricted Subsidiaries completed during such period or the application of purchase
accounting),

(vi) cash payments by the Borrower and the Restricted Subsidiaries during such
period in respect of long-term liabilities of the Borrower and the Restricted
Subsidiaries other than Indebtedness,

(vii) without duplication of amounts deducted pursuant to clause (xi) below in
prior fiscal years, the amount of Investments and acquisitions made during such
period to the extent that such Investments and acquisitions were financed with
internally generated cash flow of the Borrower and the Restricted Subsidiaries,

(viii) the amount of Restricted Payments paid during such period and to the
extent such Restricted Payments were financed with internally generated cash flow of
the Borrower and the Restricted Subsidiaries, including any payments made to
Holdings for the purpose of funding any of the items described in clauses (i)
through (xiii) of this clause (b),

 

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(ix) the aggregate amount of expenditures actually made by the Borrower and the
Restricted Subsidiaries in cash during such period (including expenditures for the
payment of financing fees but excluding amounts otherwise covered in this
definition) to the extent that such expenditures are not expensed during such period
or are not deducted in calculating Consolidated Net Income,

(x) the aggregate amount of any premium, make-whole or penalty payments
actually paid in cash by Holdings, the Borrower and the Restricted Subsidiaries
during such period that are made in connection with any prepayment of Indebtedness,

(xi) without duplication of amounts deducted in prior periods (A) the aggregate
consideration required to be paid in cash by the Borrower or any of the Restricted
Subsidiaries pursuant to binding contracts (the “Contract Consideration”) entered
into prior to or during such period relating to Permitted Acquisitions or (B) any
planned cash expenditures by the Borrower or any of the Restricted Subsidiaries
relating to Capital Expenditures or acquisitions of intellectual property (the
“Planned Expenditures”), in each case to be consummated or made during the period of
four consecutive fiscal quarters of the Borrower following the end of such period;
provided that, to the extent the aggregate amount of internally generated cash flow
actually utilized to finance such Permitted Acquisitions, Capital Expenditures or
acquisitions of intellectual property during such period of four consecutive fiscal
quarters is less than the Contract Consideration and the Planned Expenditures, as
applicable, the amount of such shortfall shall be added to the calculation of Excess
Cash Flow at the end of such period of four consecutive fiscal quarters,

(xii) the amount of cash taxes paid or tax reserves set aside or payable
(without duplication) in such period to the extent they exceed the amount of tax
expense deducted in determining Consolidated Net Income for such period, and

(xiii) cash expenditures in respect of Swap Contracts during such fiscal year
to the extent not deducted in arriving at such Consolidated Net Income.

“Exchange Act” means the Securities Exchange Act of 1934.

“Excluded Property” has the meaning specified in the Security Agreement.

“Excluded Subsidiary” means (a) each Subsidiary listed on Schedule 1.01B hereto, (b)
any Subsidiary that is prohibited by contractual requirements or applicable Law from guaranteeing,
or pledging substantially all of its assets to secure, the Obligations, (c) any Foreign Subsidiary
and any Domestic Subsidiary that is a Subsidiary of a Foreign Subsidiary, (d) any Restricted
Subsidiary acquired pursuant to a Permitted Acquisition financed with secured Indebtedness
permitted by Section 7.03(g) and each Restricted Subsidiary thereof (existing at the time of the
acquisition) that guarantees such Indebtedness; provided that each such Restricted Subsidiary shall
cease to be an Excluded Subsidiary under this clause (d) if such secured Indebtedness is repaid or
becomes unsecured or if such Restricted Subsidiary ceases to guarantee such secured Indebtedness,
as applicable, (e) any other Subsidiary with respect to which, in the reasonable judgment of the
Administrative Agent (confirmed in writing by notice to the Borrower), the cost or other
consequences (including any adverse tax consequences) of providing a Guarantee or a security
interests in its assets shall be excessive in view of the benefits to be obtained by the Lenders
therefrom, (f) each Unrestricted Subsidiary and (g) each Permitted JV.

 

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“Excluded Taxes” means, with respect to each Agent and each Lender, (i) any tax on such Agent
or Lender’s net income or profits (or franchise tax in lieu of such tax on net income or profits)
imposed by a jurisdiction as a result of such Agent or Lender being organized or having its
principal office or applicable Lending Office located in such jurisdiction or as a result of any
other present or former connection between such Agent or Lender and the jurisdiction (including as
a result of such Agent or Lender carrying on a trade or business, having a permanent establishment
or being a resident for tax purposes in such jurisdiction, other than a connection arising solely
from such Agent or Lender having executed, delivered, enforced, become a party to, performed its
obligations under, received payments under, received or perfected a security interest under,
engaged in any other transaction pursuant to, or enforced, any Loan Documents), (ii) any branch
profits tax under Section 884(a) of the Code, or any similar tax, imposed by any other jurisdiction
described in (i), (iii) other than any Foreign Lender becoming a party hereto pursuant to the
Borrower’s request under Section 3.07, any U.S. federal withholding tax that is imposed on amounts
payable to a Foreign Lender pursuant to a Law in effect at the time such Foreign Lender becomes a
party hereto (or designates a new Lending Office) (or where the Foreign Lender is a partnership for
U.S. federal income tax purposes, pursuant to a law in effect on the later of the date on which
such Foreign Lender becomes a party hereto or the date on which the affected partner becomes a
partner of such Foreign Lender), except, in the case of a Foreign Lender that designates a new
Lending Office or is an assignee, to the extent that such Foreign Lender (or its assignor, if any)
was entitled, immediately prior to the time of designation of a new Lending Office (or assignment),
to receive additional amounts from a Loan Party with respect to such U.S. federal withholding tax
pursuant to Section 3.01, (d) any withholding tax attributable to a Lender’s failure to comply with
Section 3.01(b) or (iv) any U.S. federal withholding tax imposed under FATCA and (v) any interest,
additions to taxes and penalties with respect to any taxes described in clauses (i) through (iv) of
this definition.

“Existing Credit Agreement” has the meaning specified in the Preliminary Statements to this
Agreement.

“Existing JV” means Brim Healthcare of Texas, LLC, a Delaware limited liability company.

“Existing Letters of Credit” means the Letters of Credit described on Schedule
2.03(a)(iv).

“Existing Loans” means, collectively, all Existing Term Loans and all Revolving Credit Loans
(as defined in the Existing Credit Agreement) and Swing Line Loans (as defined in the Existing
Credit Agreement) outstanding under the Existing Credit Agreement on the Closing Date immediately
prior to the initial extensions of credit hereunder.

“Existing Term Loans” means all “Term Loans” (as defined in the Existing Credit Agreement)
outstanding under the Existing Credit Agreement on the Closing Date immediately prior to the
initial extensions of credit hereunder.

“Extended Term Loans” has the meaning specified in Section 2.16(a).

“Extended Revolving Credit Commitments” means revolving credit commitments established
pursuant to Section 2.16(c) that are substantially identical to the Revolving Credit Commitments
except that such Extended Revolving Credit Commitments may have a later maturity date and different
provisions with respect to interest rates and fees than those applicable to the Revolving Credit
Commitments.

“Extending Lender” has the meaning specified in Section 2.16(a).

 

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“Extension” has the meaning specified in Section 2.16(a).

“Extension Offer” has the meaning specified in Section 2.16(a).

“Facility” means each of the Revolving Credit Facility and each Class of Term Loans, as the
context may require.

“FATCA” means Sections 1471 through 1474 of the Code as in effect on the date hereof or any
successor provision that is substantively comparable (and, in each case, any regulations
promulgated thereunder or official interpretations thereof).

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

“Fee Letter” means (i) the engagement letter dated April 19, 2011 among the Borrower and the
Arrangers and (ii) the fee letter between the Borrower and the Administrative Agent.

“First Lien Intercreditor Agreement” means a pari passu intercreditor agreement among the
Administrative Agent and one or more senior representatives for holders of Indebtedness that is
secured on a pari passu basis with the Obligations substantially in the form of Exhibit R,
with such changes thereto as are reasonably satisfactory to the Administrative Agent.

“Flood Insurance Laws” means, collectively, (i) the National Flood Insurance Act of 1968 as
now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act
of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood
Insurance Reform Act of 1994 as now or hereafter in effect or any successor statute thereto and
(iv) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute
thereto.

“Foreign Lender” means a Lender that is not a United States person within the meaning of
Section 7701(a)(30) of the Code.

“Foreign Subsidiary” means any Subsidiary of the Borrower that is a controlled foreign
corporation within the meaning of Section 957(a) of the Code.

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

“Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with respect to the
L/C Issuer, such Defaulting Lender’s Pro Rata Share of the outstanding L/C Obligations other than
L/C Obligations as to which such Defaulting Lender’s participation obligation has been reallocated
to other Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with respect
to the Swing Line Lender, such Defaulting Lender’s Pro Rata Share of Swing Line Loans other than
Swing Line Loans as to which such Defaulting Lender’s participation obligation has been reallocated
to other Lenders or Cash Collateralized in accordance with the terms hereof.

 

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“Fund” means any Person (other than a natural person) that is (or will be) engaged in making,
purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in
the ordinary course of business.

“Funded Debt” means all Indebtedness of the Borrower and the Restricted Subsidiaries for
borrowed money that matures more than one year from the date of its creation or matures within one
year from such date that is renewable or extendable, at the option of such Person, to a date more
than one year from such date or arises under a revolving credit or similar agreement that obligates
the lender or lenders to extend credit during a period of more than one year from such date,
including Indebtedness in respect of the Loans.

“GAAP” means generally accepted accounting principles in the United States of America, as in
effect from time to time; provided, however, 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 Closing Date 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), the Lenders and the Borrower shall
negotiate in good faith amendments to the provisions of this Agreement with the intent of having
the respective positions of the Lenders and the Borrower after such change in GAAP conform as
nearly as possible to their respective positions as of the date of this Agreement and, until any
such amendments have been agreed upon, regardless of whether any such notice is given before or
after such change in GAAP or in the application thereof, 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;
provided further, that, notwithstanding the foregoing, the definitions set forth in the Loan
Documents and any financial calculations required by the Loan Documents shall be computed to
exclude any change to lease accounting rules from those in effect pursuant to Financial Accounting
Standards Board Accounting Standards Codification 840 (Leases) and other related lease accounting
guidance as in effect on the Effective Date.

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

“Granting Lender” has the meaning specified in Section 10.07(h).

“Greenfield Construction Project” means, with respect to any Person, a project undertaken by
such Person for the construction of a Hospital.

“Guarantee” means, as to any Person, without duplication, (a) any obligation, contingent or
otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any
Indebtedness or other monetary obligation payable or performable by another Person (the “primary
obligor”) in any manner, whether directly or indirectly, and including any obligation of such
Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or
payment of) such Indebtedness or other monetary obligation, (ii) to purchase or lease property,
securities or services for the purpose of assuring the obligee in respect of such Indebtedness or
monetary other obligation of the payment or performance of such Indebtedness or other monetary
obligation, (iii) to maintain working capital, equity capital or any other financial statement
condition or liquidity or level of income or cash flow of the primary obligor so as to enable the
primary obligor to pay such Indebtedness or other monetary obligation, or (iv) entered into for the
purpose of assuring in any other manner the obligee in respect of such Indebtedness or other
monetary obligation of the payment or

 

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performance
thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such
Person securing any Indebtedness or other monetary obligation of any other Person, whether or not
such Indebtedness or monetary other obligation is assumed by such Person (or any right, contingent
or otherwise, of any holder of such Indebtedness to obtain any such Lien); provided that the term
“Guarantee” shall not include endorsements for collection or deposit, in either case in the
ordinary course of business, or customary and reasonable indemnity obligations in effect on the
Closing Date or entered into in connection with any acquisition or disposition of assets permitted
under this Agreement (other than such obligations with respect to Indebtedness). The amount of any
Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related
primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not
stated or determinable, the maximum reasonably anticipated liability in respect thereof as
determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a
corresponding meaning.

“Guarantors” has the meaning specified in the definition of “Collateral and Guarantee
Requirement.”

“Guaranty” means (a) the guaranty made by Holdings and the other Guarantors in favor of the
Administrative Agent on behalf of the Secured Parties pursuant to clause (b) of the definition of
“Collateral and Guarantee Requirement,” substantially in the form of Exhibit F and (b) each
other guaranty and guaranty supplement delivered pursuant to Section 6.11.

“Hazardous Materials” means all explosive or radioactive substances or wastes, all chemicals,
materials, substances, wastes, pollutants or contaminants in any form, including petroleum or
petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon
gas and infectious or medical wastes regulated pursuant to any Environmental Law.

“Health Choice” means Health Choice Arizona, Inc., a Delaware corporation.

“Hedge Bank” means any Person that is a Lender or an Affiliate of a Lender at the time it
enters into a Swap Contract with any Loan Party or any Restricted Subsidiary, in its capacity as a
party to such Swap Contract.

“HIPAA” has the meaning specified in Section 6.10.

“HITECH” has the meaning specified in Section 6.10.

“HMO” means any health maintenance organization, managed care organization, any Person doing
business as a health maintenance organization or managed care organization, or any Person required
to qualify or be licensed as a health maintenance organization or managed care organization under
applicable federal or state law.

“HMO Business” means the business of owning and operating an HMO or other similar regulated
entity or business.

“Holdings” has the meaning specified in the introductory paragraph to this Agreement.

“Holdings Loans” means the senior unsecured payment-in-kind loans borrowed by Holdings on
April 27, 2007 pursuant to that certain credit agreement dated as of April 27, 2007, among
Holdings, the lenders party thereto and Banc of America Bridge LLC, as administrative agent, and
including any additional loans outstanding thereunder as a result of the payment-in-kind of
interest.

 

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“Hospital” means a hospital, outpatient clinic, long-term care facility, medical office
building or other facility, business or other asset that is used or useful in or related to the
provision of healthcare services.

“Hospital Investment Program” means, with respect to any Subsidiary substantially all of the
assets of which consist of one or more Hospitals, an offering by such Subsidiary for the sale or
issuance of equity interests in such Subsidiary to any Hospital Investment Program Participants,
provided that (i) after giving effect to such sale or issuance with respect to any Subsidiary, the
Borrower directly or indirectly controls such Subsidiary and owns at least 65% of the economic
interests of such Subsidiary, (ii) each such sale or issuance shall be for an amount at least equal
to the fair market value thereof, (iii) each such sale results in consideration at least 75% of
which shall be in the form of cash (for such purpose, taking into account the amount of cash and
the principal amount of any promissory notes), (iv) the Net Cash Proceeds therefrom are applied to
repay Loans to the extent required by Section 2.05(b)(ii), and (v) each Hospital Investment Program
Participant (A) acknowledges in writing in a manner reasonably satisfactory to the Administrative
Agent that (x) the relevant Subsidiary has granted a security interest in its assets to secure the
Obligations and (y) the documentation governing the Obligations restricts the ability of such
Subsidiary to make distributions to such Hospital Investment Program Participant and (B) pledges
all such Equity Interests acquired by such Hospital Investment Program Participant to the
Administrative Agent for the benefit of the Secured Parties as security for the Obligations,
provided that, notwithstanding the foregoing, such pledge shall not be required (and, if effective,
may be released) if such Hospital Investment Program Participant grants to the Administrative Agent
“drag along” rights with respect to a foreclosure on the Administrative Agent’s pledge of shares in
such Subsidiary (which “drag along” rights shall be granted pursuant to a Drag Along Rights
Agreement substantially in the form of Exhibit I or otherwise in documentation in form and
substance reasonably satisfactory to the Administrative Agent).

“Hospital Investment Program Participants” means with respect to any Hospital, Persons
interested in such Hospital including physicians, administrators and other Persons in the community
in which such Hospital is located.

“Hospital Swap” means, with respect to any Person, an exchange of (a)(i) one or more Hospitals
and/or Related Businesses owned or operated by such Person or (ii) all of the Equity Interests held
by such Person of any other Person owning or operating one or more Hospitals and/or Related
Businesses for (b) either (i) one or more Hospitals and/or Related Businesses owned or operated by
a third Person or (ii) either all of the Capital Stock held by a third person of any other Person
or a majority of the Capital Stock of any other Person owning or operating one or more Hospitals
and/or Related Businesses.

“Identified Participating Lenders” has the meaning specified in Section 2.05(a)(v)(C)(3).

“Identified Qualifying Lender” has the meaning specified in Section 2.05(a)(v)(D)(3).

“Incremental Effective Date” has the meaning specified in Section 2.14(a).

“Incremental Facility Closing Date” has the meaning specified in Section 2.14(a).

“Incremental Term Loans” has the meaning specified in Section 2.14(a).

 

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“Indebtedness” means, as to any Person at a particular time, without duplication, all of the
following, whether or not included as indebtedness or liabilities in accordance with GAAP:

(a) all obligations of such Person for borrowed money and all obligations of such
Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments;

(b) the maximum amount (after giving effect to any prior drawings or reductions that
may have been reimbursed) of all letters of credit (other than commercial letters of
credit), bankers’ acceptances, bank guaranties, surety bonds, performance bonds and similar
instruments issued or created by or for the account of such Person;

(c) net obligations of such Person under any Swap Contract;

(d) all obligations of such Person to pay the deferred purchase price of property or
services (other than (i) trade accounts and accrued expenses payable in the ordinary course
of business and (ii) any earn-out obligation until such obligation becomes a liability on
the balance sheet of such Person in accordance with GAAP and if not paid after becoming due
and payable);

(e) indebtedness (excluding prepaid interest thereon) secured by a Lien on property
owned or being purchased by such Person (including indebtedness arising under conditional
sales or other title retention agreements and mortgage, industrial revenue bond, industrial
development bond and similar financings), whether or not such indebtedness shall have been
assumed by such Person or is limited in recourse;

(f) all Attributable Indebtedness;

(g) all obligations of such Person in respect of Disqualified Equity Interests; and

(h) all Guarantees of such Person in respect of any of the foregoing.

For all purposes hereof, the Indebtedness of any Person shall (A) include the Indebtedness of
any partnership or joint venture (other than a joint venture that is itself a corporation or
limited liability company) in which such Person is a general partner or a joint venturer, except to
the extent such Person’s liability for such Indebtedness is otherwise limited and only to the
extent such Indebtedness would be included in the calculation of Consolidated Total Debt of such
Person (as if such Person were the Borrower) and (B) in the case of the Borrower and its Restricted
Subsidiaries, exclude all intercompany Indebtedness having a term not exceeding 364 days (inclusive
of any roll-over or extensions of terms) and made in the ordinary of business. The amount of any
net obligation under any Swap Contract on any date shall be deemed to be the Swap Termination Value
thereof as of such date. The amount of Indebtedness of any Person for purposes of clause (e) shall
be deemed to be equal to the lesser of (i) the aggregate unpaid amount of such Indebtedness and
(ii) the fair market value of the property encumbered thereby as determined by such Person in good
faith.

“Indemnified Liabilities” has the meaning specified in Section 10.05.

“Indemnitees” has the meaning specified in Section 10.05.

“Independent Financial Advisor” means an accounting, appraisal or investment banking firm or
consultant of nationally recognized standing that is, in the good faith judgment of the Borrower,
qualified to perform the task for which it has been engaged and that is independent of the Borrower
and its Affiliates.

“Information” has the meaning specified in Section 10.08.

 

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“Insolvency or Liquidation Proceeding” means:

(a) any voluntary or involuntary case or proceeding under any Debtor Relief Law with
respect to any Loan Party;

(b) any other voluntary or involuntary insolvency, reorganization or bankruptcy case or
proceeding, or any receivership, liquidation, reorganization or other similar case or
proceeding with respect to any Loan Party or with respect to a material portion of their
respective assets, in each case, except as permitted under this Agreement;

(c) any general composition of liabilities or similar arrangement relating to any Loan
Party, whether or not under a court’s jurisdiction or supervision;

(d) any liquidation, dissolution, reorganization or winding up of any Loan Party,
whether voluntary or involuntary, whether or not under a court’s jurisdiction or
supervision, and whether or not involving insolvency or bankruptcy; or

(e) any general assignment for the benefit of creditors or any other marshalling of
assets and liabilities of any Loan Party.

“Insurance Subsidiary” has the meaning provided in Section 7.02(x).

“Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the last day of
each Interest Period applicable to such Loan and the Maturity Date of the Facility under which such
Loan was made; provided that if any Interest Period for a LIBOR Loan exceeds three months, the
respective dates that fall every three months after the beginning of such Interest Period shall
also be Interest Payment Dates and (b) as to any Base Rate Loan (including a Swing Line Loan), the
last Business Day of each March, June, September and December and the Maturity Date of the Facility
under which such Loan was made.

“Interest Period” means, as to each LIBOR Loan, the period commencing on the date such LIBOR
Loan is disbursed or converted to or continued as a LIBOR Loan and ending on the date one, two,
three or six months thereafter, or to the extent available to each Lender of such LIBOR Loan, nine
or twelve months thereafter, as selected by the Borrower in its Committed Loan Notice; provided
that:

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

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

(3) no Interest Period shall extend beyond the Maturity Date of the Facility under
which such Loan was made.

 

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“Investment” means, as to any Person, any direct or indirect investment by such Person,
whether by means of (a) the purchase or other acquisition of Equity Interests or debt or other
securities of another Person, (b) a loan, advance or capital contribution to, Guarantee or
assumption of Indebtedness of, or purchase or other acquisition of any other debt or equity
participation or interest in, another Person,
including any partnership or joint venture interest in such other Person (excluding, in the
case of the Borrower and its Subsidiaries, intercompany loans, advances, or Indebtedness having a
term not exceeding 364 days (inclusive of any roll-over or extensions of terms) and made in the
ordinary course of business and including Indebtedness payable on demand) or (c) the purchase or
other acquisition (in one transaction or a series of transactions) of all or substantially all of
the property and assets or business of another Person or assets constituting a business unit, line
of business or division of such Person. For purposes of covenant compliance, the amount of any
Investment at any time shall be the amount actually invested (measured at the time made), without
adjustment for subsequent changes in the value of such Investment, net of any return representing a
return of capital with respect to such Investment.

“Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by
Moody’s and BBB- (or the equivalent) by S&P, or an equivalent rating by any other nationally
recognized statistical rating agency selected by the Borrower.

“Investment Grade Securities” means (a) securities issued or directly and fully guaranteed or
insured by the government of the United States of America or any agency or instrumentality thereof
(other than Cash Equivalents), (b) debt securities or debt instruments with an Investment Grade
Rating, but excluding any debt securities or instruments constituting loans or advances among the
Borrower and its Subsidiaries, (c) investments in any fund that invests exclusively in investments
of the type described in clauses (a) and (b), which fund may also hold immaterial amounts of cash
pending investment or distribution and (d) corresponding instruments in countries other than the
United States of America customarily utilized for high quality investments, in each case,
consistent with the Borrower’s cash management and investment practices.

“IRS” means the United States Internal Revenue Service.

“ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998”
published by the Institute of International Banking Law & Practice (or such later version thereof
as may be in effect at the time of issuance).

“Issuer Documents” means with respect to any Letter of Credit, any Letter of Credit
Application and any other document, agreement and instrument entered into by relevant L/C Issuer
and the Borrower (or any Subsidiary) or in favor of such L/C Issuer and relating to such Letter of
Credit.

“Junior Financing” has the meaning specified in Section 7.12(a).

“Junior Financing Documentation” means any documentation governing any Junior Financing.

“Junior Lien Intercreditor Agreement” means an intercreditor agreement, in form reasonably
acceptable to the Administrative Agent, by and between the Administrative Agent and the collateral
agent for one or more classes of Permitted Additional Debt that are intended to be secured by Liens
ranking junior to the Liens securing the Obligations providing that, inter alia, (i) the Liens
securing Obligations rank prior to the Liens securing the Permitted Additional Debt, (ii) all
amounts received in connection with any enforcement action with respect to any Collateral or in
connection with any United States or foreign bankruptcy, liquidation or insolvency proceeding shall
first be applied to repay all Obligations (whether or not allowed in any such proceeding) prior to
being applied to the obligations in respect of the Permitted Additional Debt and (iii) until the
earlier of (x) the repayment of the Obligations in full and termination of commitments hereunder
(subject to customary limitations with respect to contingent obligations and other customary
qualifications) and (y) the expiration of a customary standstill period to be agreed, the Administrative Agent shall have the sole right to take enforcement
actions with respect to the Collateral.

 

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“Laws” means, collectively, all international, foreign, Federal, state and local statutes,
treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial
precedents or authorities, including the interpretation or administration thereof by any
Governmental Authority charged with the enforcement, interpretation or administration thereof, and
all applicable administrative orders, directed duties, requests, licenses, authorizations and
permits of, and agreements with, any Governmental Authority.

“L/C Advance” means, with respect to each Revolving Credit Lender, such Lender’s funding of
its participation in any L/C Borrowing in accordance with its Pro Rata Share.

“L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of
Credit that has not been reimbursed on the applicable Required Reimbursement Date or refinanced as
a Revolving Credit Borrowing.

“L/C Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or
extension of the expiry date thereof, or the renewal or increase of the amount thereof.

“L/C Issuer” means Bank of America and any other Lender that becomes an L/C Issuer in
accordance with Section 2.03(j) or 10.07(j), in each case, in its capacity as an issuer of Letters
of Credit hereunder, or any successor issuer of Letters of Credit hereunder.

“L/C Obligation” means, as at any date of determination, the aggregate amount available to be
drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed
Amounts in respect thereof, including all L/C Borrowings. For all purposes of this Agreement, if
on any date of determination a Letter of Credit has expired by its terms but any amount may still
be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall
be deemed to be “outstanding” in the amount so remaining available to be drawn.

“Lender” has the meaning specified in the introductory paragraph to this Agreement and, as the
context requires, includes an L/C Issuer and the Swing Line Lender, and their respective successors
and assigns as permitted hereunder, each of which is referred to herein as a “Lender.”

“Lending Office” means, as to any Lender, the office or offices of such Lender described as
such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may
from time to time notify the Borrower and the Administrative Agent.

“Letter of Credit” means a standby letter of credit issued pursuant to Section 2.03(a)(i)(A),
and shall include the Existing Letters of Credit identified on Schedule 2.03(a)(iv).

“Letter of Credit Application” means an application and agreement for the issuance or
amendment of a Letter of Credit in the form from time to time in use by the relevant L/C Issuer.

“Letter of Credit Expiration Date” means the day that is five (5) Business Days prior to the
scheduled Maturity Date then in effect for the Revolving Credit Facility (or, if such day is not a
Business Day, the next preceding Business Day).

 

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“Letter of Credit Sublimit” means an amount equal to the lesser of (a) $150,000,000 and (b)
the aggregate principal amount of the Revolving Credit Commitments. The Letter of Credit Sublimit
is part of, and not in addition to, the Revolving Credit Commitment.

“LIBOR” means:

(a) for any Interest Period with respect to a LIBOR Loan, the rate per annum equal to
(i) the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or
such other commercially available source providing quotations of BBA LIBOR as may be
designated by the Administrative Agent from time to time) at approximately 11:00 a.m.,
London time, two (2) Business Days prior to the commencement of such Interest Period, for
Dollar deposits (for delivery on the first day of such Interest Period) with a term
equivalent to such Interest Period, or (ii) if such rate is not available at such time for
any reason, the rate per annum determined by the Administrative Agent to be the rate at
which deposits in Dollars for delivery on the first day of such Interest Period in same day
funds in the approximate amount of the LIBOR Loan being made, continued or converted and
with a term equivalent to such Interest Period would be offered by Bank of America’s London
Branch to major banks in the London interbank eurodollar market at their request at
approximately 11:00 a.m. (London time) two (2) Business Days prior to the commencement of
such Interest Period; and

(b) for any interest calculation with respect to a Base Rate Loan on any date, the rate
per annum equal to (i) BBA LIBOR, at approximately 11:00 a.m., London time determined two
(2) Business Days prior to such date for Dollar deposits being delivered in the London
interbank market for a term of one month commencing that day or (ii) if such published rate
is not available at such time for any reason, the rate per annum determined by the
Administrative Agent to be the rate at which deposits in Dollars for delivery on the date of
determination in same day funds in the approximate amount of the Base Rate Loan being made
or maintained and with a term equal to one month would be offered by Bank of America’s
London Branch to major banks in the London interbank eurodollar market at their request at
the date and time of determination;

provided that in no event shall the LIBOR for Term B Loans be less than 1.25%.

“LIBOR Loan” means a Loan that bears interest based on LIBOR.

“Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge, or preference, priority or other security interest
or preferential arrangement of any kind or nature whatsoever (including any conditional sale or
other title retention agreement, any easement, right of way or other encumbrance on title to real
property, and any Capitalized Lease having substantially the same economic effect as any of the
foregoing); provided that in no event shall an operating lease be deemed a Lien.

“Loan” means an extension of credit by a Lender to a Borrower under Article II in the form of
a Term Loan of a specified Class, a Revolving Credit Loan or a Swing Line Loan.

“Loan Documents” means, collectively, (i) this Agreement, (ii) the Notes, (iii) the Guaranty,
(iv) the Collateral Documents, (v) the Fee Letter, (vi) each Issuer Document, (vii) the Additional
Term B Joinder Agreement, (viii) the Restatement Agreement and (ix) following the execution
thereof, any First Lien Intercreditor Agreement or Junior Lien Intercreditor Agreement.

“Loan Parties” means, collectively, (i) Holdings, (ii) the Borrower and (iii) each Guarantor.

 

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“Majority Revolving Credit Lenders” means, as of any date of determination, Revolving Credit
Lenders having more than 50% of the sum of the (a) aggregate Outstanding Amount of all Revolving
Credit Loans and all L/C Obligations (with the aggregate amount of each Lender’s risk participation
and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such
Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit
Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the
Outstanding Amount of all Revolving Credit Loans and all L/C Obligations held or deemed held by,
any Defaulting Lender shall be excluded for purposes of making a determination of Majority
Revolving Credit Lenders.

“Management Stockholders” means the members of management of Holdings or any of its
Subsidiaries who are investors in Holdings or any direct or indirect parent thereof.

“Master Agreement” has the meaning specified in the definition of “Swap Contract.”

“Material Adverse Effect” means a material adverse effect on (a) the business, assets,
liabilities (actual or contingent) or financial condition of the Borrower and its Subsidiaries,
taken as a whole, (b) the ability of the Loan Parties (taken as a whole) to perform their
respective obligations under any Loan Document to which any of the Loan Parties is a party or (c)
the rights and remedies of the Lenders or the Agents under any Loan Document.

“Material Real Property” means any real property owned by any Loan Party with a book value in
excess of $10,000,000.

“Material Subsidiary” means, at any date of determination, each of the Borrower’s Domestic
Subsidiaries that is a Restricted Subsidiary (a) whose total assets at the last day of the most
recent Test Period were equal to or greater than 3.0% of Total Assets at such date or (b) whose net
revenues for such Test Period were equal to or greater than 3.0% of the consolidated net revenues
of the Borrower and the Restricted Subsidiaries for such period, in each case determined in
accordance with GAAP.

“Maturity Date” means (a) with respect to the Revolving Credit Facility, the fifth anniversary
of the Closing Date, (b) with respect to the Term B Loans, the seventh anniversary of the Closing
Date and (c) with respect to any other Class of Term Loans, the date specified as the “Maturity
Date” therefor in the applicable Additional Credit Extension Amendment; provided that if either
such day is not a Business Day, the Maturity Date shall be the Business Day immediately preceding
such day.

“Maximum Rate” has the meaning specified in Section 10.10.

“Minority Investment” means any Person other than a Subsidiary in which the Borrower or any
Restricted Subsidiary owns any Equity Interests.

“Moody’s” means Moody’s Investors Service, Inc. and any successor thereto.

“Mortgages” means collectively, the deeds of trust, trust deeds, deeds to secure debt and
mortgages (or amendments to any deeds of trust, trust deeds, deeds to secure debt and mortgages)
made by the Loan Parties in favor or for the benefit of the Administrative agent on behalf of the
Lenders in form and substance reasonably satisfactory to the Administrative Agent, and any other
deeds of trust, trust deeds, deeds to secure debt and mortgages (or amendments to any deeds of
trust, trust deeds, deeds to secure debt and mortgages) executed and delivered pursuant to Section
6.11 or 6.13.

“Mortgage Policies” has the meaning specified in Section 6.13(b)(ii).

 

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“Mortgaged Properties” has the meaning specified in paragraph (f) of the definition of
Collateral and Guarantee Requirement.

“Multiemployer Plan” means any employee benefit plan of the type described in Section
4001(a)(3) of ERISA, to which Holdings, the Borrower or any of their respective ERISA Affiliates
makes or is obligated to make contributions, or during the period since December 31, 2001, has made
or been obligated to make contributions.

“Net Cash Proceeds” means:

(a) with respect to the Disposition of any asset by the Borrower or any of the
Restricted Subsidiaries or any Casualty Event, the excess, if any, of (i) the sum of cash
and Cash Equivalents received in connection with such Disposition or Casualty Event
(including any cash received by way of deferred payment pursuant to, or by monetization of,
a note receivable or otherwise, but only as and when so received and, with respect to any
Casualty Event, any insurance proceeds or condemnation awards in respect of such Casualty
Event actually received by or paid to or for the account of the Borrower or any of the
Restricted Subsidiaries) over (ii) the sum of (A) the principal amount, premium or penalty,
if any, interest and other amounts on any Indebtedness that is secured by the asset subject
to such Disposition or Casualty Event and that is required to be repaid in connection with
such Disposition or Casualty Event (other than Indebtedness under the Loan Documents or
Indebtedness secured by Liens that are subject to the First Lien Intercreditor Agreement or
a Junior Lien Intercreditor Agreement), (B) the out-of-pocket fees and expenses (including
attorneys’ fees, investment banking fees, survey costs, title insurance premiums, and
related search and recording charges, transfer taxes, deed or mortgage recording taxes,
other customary expenses and brokerage, consultant and other customary fees) actually
incurred by the Borrower or such Restricted Subsidiary in connection with such Disposition
or Casualty Event, (C) taxes or distributions made pursuant to Section 7.06(g)(i) or (g)(iv)
paid or estimated to be payable in connection therewith (including withholding taxes imposed
on the repatriation of any such Net Cash Proceeds), (D) in the case of any Disposition or
Casualty Event by a non-Wholly Owned Restricted Subsidiary, the pro rata portion of the Net
Cash Proceeds thereof (calculated without regard to this clause (D)) attributable to
minority interests and not available for distribution to or for the account of the Borrower
or a Wholly Owned Restricted Subsidiary as a result thereof, and (E) any reserve for
adjustment in respect of (x) the sale price of such asset or assets established in
accordance with GAAP and (y) any liabilities associated with such asset or assets and
retained by the Borrower or any Restricted Subsidiary after such sale or other disposition
thereof, including pension and other post-employment benefit liabilities and liabilities
related to environmental matters or against any indemnification obligations associated with
such transaction, it being understood that “Net Cash Proceeds” shall include the amount of
any reversal (without the satisfaction of any applicable liabilities in cash in a
corresponding amount) of any reserve described in this clause (E); provided that,
notwithstanding the foregoing, the “Net Cash Proceeds” from a Disposition of Securitization
Assets to a Securitization Subsidiary pursuant to Section 7.05(p) shall not be deemed to
exceed any increase as a result of such Disposition in the aggregate principal amount of the
applicable Securitization Financing as compared to the maximum aggregate amount that was
outstanding at any time under any Securitization Financing prior to such Disposition, and

 

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(b) with respect to the incurrence or issuance of any Indebtedness by the Borrower or
any Restricted Subsidiary or any Permitted Equity Issuance by the Borrower or any direct or
indirect parent of the Borrower, the excess, if any, of (i) the sum of the cash and Cash
Equivalents received in connection with such incurrence or issuance (with respect to any
Permitted Equity Issuance by any direct or indirect parent of the Borrower, the amount of
cash from such Permitted

Equity Issuance contributed to the capital of the Borrower) over (ii) the sum of (x)
taxes or distributions made pursuant to Section 7.06(g)(i) or (g)(iv) paid or estimated to
be payable in connection therewith (including withholding taxes imposed on the repatriation
of any cash received in connection with such incurrence or issuance) and (y) the investment
banking fees, underwriting discounts, commissions, costs and other out-of-pocket expenses
and other customary expenses, incurred by the Borrower or such Restricted Subsidiary in
connection with such incurrence or issuance.

“Net Income” means, with respect to any Person, the net income (loss) of such Person,
determined in accordance with GAAP and before any reduction in respect of preferred stock
dividends.

“Non-Cash Charges” has the meaning specified in the definition of the term “Consolidated
EBITDA.”

“Non-Conforming Plan of Reorganization” shall mean any Plan of Reorganization that does not
provide for payments pursuant to such Plan of Reorganization in respect of the Obligations to be
made with the priority specified in Section 8.03 and that has not been approved by the Majority
Revolving Credit Lenders.

“Non-Consenting Lender” has the meaning specified in Section 3.07(d).

“Non-Excluded Taxes” means all Taxes other than Excluded Taxes and Other Taxes.

“Non-Loan Party” means any Subsidiary of the Borrower that is not a Loan Party, including any
Permitted JV.

“Nonrenewal Notice Date” has the meaning specified in Section 2.03(b)(iii).

“Note” means a Term Note or a Revolving Credit Note, as the context may require.

“Obligations” means all (x) advances to, and debts, liabilities, obligations, covenants and
duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan or
Letter of Credit, whether direct or indirect (including those acquired by assumption), absolute or
contingent, due or to become due, now existing or hereafter arising and including interest and fees
that accrue after the commencement by or against any Loan Party of any proceeding under any Debtor
Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such
interest and fees are allowed claims in such proceeding, (y) obligations of any Loan Party arising
under any Secured Hedge Agreement and (z) Cash Management Obligations. Without limiting the
generality of the foregoing, the Obligations include (a) the obligation (including Guarantee
obligations) to pay principal, interest, Letter of Credit commissions, reimbursement obligations,
charges, expenses, fees, Attorney Costs, indemnities and other amounts payable by any Loan Party as
provided in any Loan Document and (b) the obligations of any Loan Party to reimburse any amount in
respect of any of the foregoing that any Lender, in its sole discretion, may elect to pay or
advance on behalf of such Loan Party in accordance with the terms of any Loan Document.

“Offered Amount” has the meaning specified in Section 2.05(a)(v)(D)(1).

“Offered Discount” has the meaning specified in Section 2.05(a)(v)(D)(1).

 

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“Organization Documents” means, (a) with respect to any corporation, the certificate or
articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with
respect
to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the
certificate or articles of formation or organization and operating or limited liability company
agreement; and (c) with respect to any partnership, joint venture, trust or other form of business
entity, the partnership, joint venture or other applicable agreement of formation or organization
and any agreement, instrument, filing or notice with respect thereto filed in connection with its
formation or organization with the applicable Governmental Authority in the jurisdiction of its
formation or organization and, if applicable, any certificate or articles of formation or
organization of such entity.

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

“Outstanding Amount” means (a) with respect to the Term Loans, Revolving Credit Loans and
Swing Line Loans on any date, the principal amount thereof after giving effect to any borrowings
and prepayments or repayments of Term Loans, Revolving Credit Loans (including any refinancing of
outstanding Unreimbursed Amounts under Letters of Credit or L/C Credit Extensions as a Revolving
Credit Borrowing) and Swing Line Loans, as the case may be, occurring on such date; and (b) with
respect to any L/C Obligations on any date, the amount thereof on such date after giving effect to
any related L/C Credit Extension occurring on such date and any other changes thereto as of such
date, including as a result of any reimbursements of outstanding Unreimbursed Amounts under related
Letters of Credit (including any refinancing of outstanding Unreimbursed Amounts under related
Letters of Credit or related L/C Credit Extensions as a Revolving Credit Borrowing) or any
reductions in the maximum amount available for drawing under related Letters of Credit taking
effect on such date.

“Participant” has the meaning specified in Section 10.07(e).

“Participant Register” has the meaning specified in Section 10.07(e).

“Participating Lender” has the meaning specified in Section 2.05(a)(v)(C)(2)

“PBGC” means the Pension Benefit Guaranty Corporation.

“Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section
3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is
sponsored or maintained by Holdings, the Borrower or any of their respective ERISA Affiliates or to
which Holdings, the Borrower or any of their respective ERISA Affiliates contributes or has an
obligation to contribute, or in the case of a multiple employer or other plan described in Section
4064(a) of ERISA, has made contributions at any time since December 31, 2001.

“Permitted Acquisition” has the meaning specified in Section 7.02(j).

“Permitted Additional Debt” means senior, senior subordinated or subordinated Indebtedness
incurred by the Borrower or a Guarantor, provided that (a) the covenants, events of default,
guarantees and other terms of such Indebtedness (it being understood that such Indebtedness shall
have interest rates and redemption premiums determined by the Board of Directors of the Borrower to
be market rates and premiums at the time of issuance of such Indebtedness; provided that if any
such Indebtedness is in the form of loans (as opposed to debt securities) that are secured by Liens
ranking pari passu with the Liens securing the Obligations and the All-In Yield of such
Indebtedness is more than 50 basis points greater than the All-In Yield of the Term B Loans, then
the Applicable Rates for the Term B Loans shall be increased to the extent necessary so that the
All-In Yield for such Indebtedness is no more than 50 basis

 

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points greater than the All-In Yield
for the Term B Loans), taken as a whole, are determined by the Board of Directors of the Borrower to be market terms on the date of issuance and in any event
are not materially more restrictive on the Borrower and the Restricted Subsidiaries, or materially
less favorable to the Lenders, than the terms of this Agreement and do not require the maintenance
or achievement of any financial performance standards other than as a condition to taking specified
actions, (b) except as permitted by Section 7.01(aa) and (cc), such Indebtedness is unsecured, (c)
except in the case of Indebtedness that is in the form of loans that are secured by Liens ranking
pari passu with the Liens securing the Obligations, no portion of such Indebtedness shall have a
scheduled maturity or become mandatorily redeemable (other than pursuant to customary offers to
purchase or prepayment requirements or upon a change of control or asset sale or from the proceeds
of a Permitted Refinancing thereof) prior to the latest Maturity Date of Term Loans outstanding on
the date such Indebtedness is incurred (determined as of the date of incurrence) except that such
Indebtedness may have an initial maturity that is earlier than such latest Maturity Date so long as
such Indebtedness automatically converts to Indebtedness maturing after such latest Maturity Date
subject only to the condition that no payment event of default or bankruptcy (with respect to the
Borrower and its Subsidiaries) event of default exists on the initial maturity date of such
Indebtedness) and (d) to the extent such Indebtedness is in the form of loans secured by Liens
ranking pari passu with the Liens securing the Obligations, such Indebtedness shall not have a
final maturity prior to the latest Maturity Date of Term Loans outstanding on the date such
Indebtedness is incurred or a Weighted Average Life to Maturity that is shorter than the Weighted
Average Life to Maturity of any Class of Term Loans outstanding on the date such Indebtedness is
incurred (in each case pursuant to this clause (d), determined as of the date of incurrence),
provided that a certificate of a Responsible Officer delivered to the Administrative Agent at least
five Business Days (or such shorter period to which the Administrative Agent may reasonably agree)
prior to the incurrence of such Indebtedness, together with a reasonably detailed description of
the material terms and conditions of such Indebtedness or drafts of the documentation relating
thereto, stating that the Borrower has determined in good faith that such terms and conditions
satisfy the foregoing requirement, shall be conclusive evidence that such terms and conditions
satisfy the foregoing requirement unless the Administrative Agent notifies the Borrower within such
five Business Day period that it disagrees with such determination (including a reasonable
description of the basis upon which it disagrees).

“Permitted Additional Debt Documentation” means any notes, instruments, agreements and other
credit documents governing any Permitted Additional Debt.

“Permitted Business” means (i) any business engaged in by the Company or any of its Restricted
Subsidiaries on the Closing Date and (ii) any business or other activities that are reasonably
similar, ancillary, complementary or related to, or a reasonable extension, development or
expansion of, the businesses in which the Company and its Restricted Subsidiaries are engaged on
the Closing Date.

“Permitted Equity Issuance” means any sale or issuance of any Qualified Equity Interests of
the Borrower or any direct or indirect parent of the Borrower, in each case to the extent permitted
hereunder.

“Permitted Holders” means each of (i) the Sponsors and (ii) the Management Stockholders.

“Permitted Hospital Swap” has the meaning specified in Section 7.05(q).

“Permitted JV” has the meaning specified in Section 7.02(o).

“Permitted Non-Guarantor Investment Condition” shall be satisfied on any date if, on a Pro
Forma Basis, no more than 40% of the Borrower’s Consolidated EBITDA for the most recent Test Period
shall be attributable to Restricted Subsidiaries that are not Guarantors (excluding (i) any
Excluded
Subsidiary that is prohibited by Law from being a Guarantor or granting a security interest in
substantially all of its assets, (ii) the Existing JV and (iii) any Insurance Subsidiary).

 

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“Permitted Refinancing” means, with respect to any Person, any modification, refinancing,
refunding, renewal or extension of any Indebtedness of such Person; provided that (a) the principal
amount (or accreted value, if applicable) thereof does not exceed the principal amount (or accreted
value, if applicable) of the Indebtedness so modified, refinanced, refunded, renewed or extended
except by an amount equal to unpaid accrued interest and premium thereon plus other
reasonable amounts paid, and fees and expenses reasonably incurred, in connection with such
modification, refinancing, refunding, renewal or extension, and, except in the case of a
refinancing, refunding, renewal or extension of Indebtedness incurred pursuant to the proviso of
the first sentence of Section 7.03, by an amount equal to any existing commitments unutilized and
undrawn letters of credit thereunder, which if utilized or drawn would have constituted
Indebtedness that would have been permitted to be incurred hereunder immediately prior to such
Permitted Refinancing, (b) other than with respect to a Permitted Refinancing in respect of
Indebtedness permitted pursuant to Section 7.03(b) and (e), such modification, refinancing,
refunding, renewal or extension has a final maturity date equal to or later than the final maturity
date of, and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average
Life to Maturity of, the Indebtedness being modified, refinanced, refunded, renewed or extended,
(c) other than with respect to a Permitted Refinancing in respect of Indebtedness permitted
pursuant to Section 7.03(e), at the time thereof, no Event of Default shall have occurred and be
continuing and (d) if such Indebtedness being modified, refinanced, refunded, renewed or extended
is Junior Financing, (i) to the extent such Indebtedness being modified, refinanced, refunded,
renewed or extended is subordinated in right of payment to the Obligations, such modification,
refinancing, refunding, renewal or extension is subordinated in right of payment to the Obligations
on terms at least as favorable to the Lenders as those contained in the documentation governing the
Indebtedness being modified, refinanced, refunded, renewed or extended, (ii) the terms and
conditions (including, if applicable, as to collateral but excluding as to subordination, interest
rate and redemption premium) of any such modified, refinanced, refunded, renewed or extended
Indebtedness, taken as a whole, are not materially less favorable to the Loan Parties or the
Lenders than the terms and conditions of the Indebtedness being modified, refinanced, refunded,
renewed or extended; provided that a certificate of a Responsible Officer delivered to the
Administrative Agent at least five Business Days prior to the incurrence of such Indebtedness,
together with a reasonably detailed description of the material terms and conditions of such
Indebtedness or drafts of the documentation relating thereto, stating that the Borrower has
determined in good faith that such terms and conditions satisfy the foregoing requirement, shall be
conclusive evidence that such terms and conditions satisfy the foregoing requirement unless the
Administrative Agent notifies the Borrower within such five Business Day period that it disagrees
with such determination (including a reasonable description of the basis upon which it disagrees)
and (iii) such modification, refinancing, refunding, renewal or extension is incurred by the Person
who is the obligor of the Indebtedness being modified, refinanced, refunded, renewed or extended
and not Guaranteed by any Person other than the Borrower or a Guarantor.

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

“Plan” means any material “employee benefit plan” (as such term is defined in Section 3(3) of
ERISA) established by Holdings, the Borrower or, with respect to any such plan that is subject to
Section 412 of the Code or Title IV of ERISA, any of their respective ERISA Affiliates.

“Plan of Reorganization” means any plan of reorganization, plan of liquidation, agreement for
composition, or other type of plan of arrangement proposed in or in connection with any Insolvency
or Liquidation Proceeding.

 

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“Platform” has the meaning specified in Section 6.02.

“Pledged Debt” means the Indebtedness described in Schedule 2(j) to the Security Agreement.

“Post-Acquisition Period” means, with respect to any Permitted Acquisition, the period
beginning on the date such Permitted Acquisition is consummated and ending on the last day of the
fourth full consecutive fiscal quarter immediately following the date on which such Permitted
Acquisition is consummated.

“Principal L/C Issuer” means any L/C Issuer that has issued Letters of Credit under the
Revolving Credit Facility having an aggregate Outstanding Amount in excess of $10,000,000.

“Pro Forma Adjustment” means, for any Test Period that includes all or any part of a fiscal
quarter included in any Post-Acquisition Period, with respect to the Acquired EBITDA of the
applicable Acquired Entity or Business or Converted Restricted Subsidiary or the Consolidated
EBITDA of the Borrower, the pro forma increase or decrease in such Acquired EBITDA or such
Consolidated EBITDA, as the case may be, projected by the Borrower in good faith as a result of (a)
actions taken or expected to be taken during such Post-Acquisition Period for the purposes of
realizing reasonably identifiable and factually supportable cost savings or (b) any additional
costs incurred during such Post-Acquisition Period, in each case in connection with the combination
of the operations of such Acquired Entity or Business or Converted Restricted Subsidiary with the
operations of the Borrower and the Restricted Subsidiaries; provided that, (i) at the election of
the Borrower, such Pro Forma Adjustment shall not be required to be determined for any Acquired
Entity or Business or Converted Restricted Subsidiary to the extent the aggregate consideration
paid in connection with such acquisition was less than $25,000,000 and (ii) so long as such actions
are taken or expected to be taken during such Post-Acquisition Period or such costs are incurred
during such Post-Acquisition Period, as applicable, the cost savings related to such actions or
such additional costs, for purposes of projecting such pro forma increase or decrease in such
Acquired EBITDA or such Consolidated EBITDA, as the case may be, it may be assumed that such cost
savings will be realizable during the entirety of such Test Period, or such additional costs, as
applicable, will be incurred during the entirety of such Test Period; provided further that any
such pro forma increase or decrease in such Acquired EBITDA or such Consolidated EBITDA, as the
case may be, shall be without duplication for cost savings or additional costs already included in
such Acquired EBITDA or such Consolidated EBITDA, as the case may be, for such Test Period.

“Pro Forma Basis” and “Pro Forma Effect” mean, with respect to compliance with any test or
covenant hereunder, that (A) to the extent applicable, the Pro Forma Adjustment shall have been
made and (B) all Specified Transactions and the following transactions in connection therewith
shall be deemed to have occurred as of the first day of the applicable period of measurement in
such test or covenant: (a) income statement items (whether positive or negative) attributable to
the property or Person subject to such Specified Transaction, (i) in the case of a Disposition of
all or substantially all Equity Interests in any Subsidiary of the Borrower or any division,
product line or facility used for operations of the Borrower or any of its Subsidiaries, shall be
excluded, and (ii) in the case of a Permitted Acquisition or Investment described in the definition
of “Specified Transaction,” shall be included, (b) any retirement of Indebtedness, and (c) any
Indebtedness incurred or assumed by the Borrower or any of the Restricted Subsidiaries in
connection therewith (and if such Indebtedness has a floating or formula rate, such Indebtedness
shall have an implied rate of interest for the applicable period for purposes of this definition
determined by utilizing the rate that is or would be in effect with respect to such Indebtedness as
at the relevant date of determination); provided that, without limiting the application of the Pro
Forma Adjustment pursuant to (A) above, the foregoing pro forma adjustments may be applied to any
such test or covenant solely to the extent that such adjustments are consistent with the definition
of Consolidated EBITDA and
give effect to events (including operating expense reductions) that are (as determined by the
Borrower in good faith) (i) (x) directly attributable to such transaction, (y) expected to have a
continuing impact on the Borrower and the Restricted Subsidiaries and (z) factually supportable or
(ii) otherwise consistent with the definition of Pro Forma Adjustment.

 

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“Pro Rata Share” means, with respect to each Lender at any time a fraction (expressed as a
percentage, carried out to the ninth decimal place), the numerator of which is the amount of the
Commitments of such Lender under the applicable Facility or Facilities at such time and the
denominator of which is the amount of the Aggregate Commitments under the applicable Facility or
Facilities at such time; provided that if such Commitments have been terminated, then the Pro Rata
Share of each Lender shall be determined based on the Pro Rata Share of such Lender immediately
prior to such termination and after giving effect to any subsequent assignments made pursuant to
the terms hereof.

“Public Lender” has the meaning specified in Section 6.02.

“Qualified Equity Interests” means any Equity Interests that are not Disqualified Equity
Interests.

“Qualified Securitization Financing” means any Securitization Financing of a Securitization
Subsidiary that meets the following conditions: (a) the Board of Directors of the Borrower shall
have determined in good faith that such Qualified Securitization Financing (including financing
terms, covenants, termination events and other provisions) is in the aggregate economically fair
and reasonable to the Borrower and the Securitization Subsidiary, (b) all sales and/or
contributions of Securitization Assets and related assets to the Securitization Subsidiary are made
at fair market value (as determined in good faith by the Borrower) and (c) the financing terms,
covenants, termination events and other provisions thereof shall be market terms (as determined in
good faith by the Borrower) and may include Standard Securitization Undertakings. The grant of a
security interest in any Securitization Assets of the Borrower or any of the Restricted
Subsidiaries (other than a Securitization Subsidiary) to secure Indebtedness under this Agreement
prior to engaging in any Securitization Financing shall not be deemed a Qualified Securitization
Financing.

“Qualifying IPO” means the issuance by Holdings or any direct or indirect parent of Holdings
of its common Equity Interests in an underwritten primary public offering (other than a public
offering pursuant to a registration statement on Form S-8) pursuant to an effective registration
statement filed with the SEC in accordance with the Securities Act (whether alone or in connection
with a secondary public offering).

“Qualifying Lender” has the meaning specified in Section 2.05(a)(v)(D)(3).

“Reference Date” has the meaning specified in the definition of “Available Amount.”

“Refinanced Term Loans” has the meaning specified in Section 10.01.

“Refinancing Incremental Term Loans” means any Incremental Term Loans that are designated by a
Responsible Officer of the Borrower in a certificate delivered to the Administrative Agent as
Refinancing Incremental Term Loans.

“Refinancing Notes” means Permitted Additional Debt that is designated by a Responsible
Officer of the Borrower in a certificate delivered to the Administrative Agent as Refinancing
Notes.

“Register” has the meaning specified in Section 10.07(d).

 

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“Rejection Notice” has the meaning specified in Section 2.05(b)(vi).

“Related Business” means a healthcare business affiliated or associated with a Hospital or any
business related or ancillary to the provision of healthcare services or information or the
investment in, or the management, leasing or operation of, a Hospital.

“Related Indemnitee” of an Indemnitee means (i) any controlling person or controlled affiliate
of such Indemnitee involved in the negotiation and preparation of the Loan Documents, performing
services under the Loan Documents or extending of credit or holding of credit hereunder and (ii)
the respective directors, officers, partners, member or employees of such Indemnitee or any of its
controlling persons or controlled affiliates involved in the negotiation and preparation of the
Loan Documents, performing services under the Loan Documents or extending of credit or holding of
credit hereunder.

“Release” means any release, spill, emission, discharge, deposit, disposal, leaking, pumping,
pouring, dumping, emptying, injection or leaching into the Environment, or into, from or through
any building, structure or facility.

“Replacement Term Loans” has the meaning specified in Section 10.01.

“Reportable Event” means with respect to any Plan any of the events set forth in Section
4043(c) of ERISA or the regulations issued thereunder, as to which, except for an event described
in subsections .21, .24, and .26 of such regulations, the thirty (30) day notice period has been
waived.

“Repricing Transaction” means (a) any prepayment or repayment of Term B Loans with the
proceeds of, or any conversion of, the Term B Loans into other Loans for the primary purpose of
prepaying, repaying or replacing the Term B Loans and having or resulting in an All-In Yield less
than the All-In Yield of the Term B Loans being prepaid or repaid or (b) any amendment to the Term
B Loans the primary purpose of which is to reduce the All-In Yield of such Term B Loans.

“Request for Credit Extension” means (a) with respect to a Borrowing, conversion or
continuation of Term Loans or Revolving Credit Loans, a Committed Loan Notice, (b) with respect to
an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan,
a Swing Line Loan Notice.

“Required Lenders” means, as of any date of determination, Lenders having more than 50% of the
sum of the (a) Total Outstandings (with the aggregate amount of each Lender’s risk participation
and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Lender
for purposes of this definition), (b) aggregate unused Term Commitments and (c) aggregate unused
Revolving Credit Commitments; provided that the unused Term Commitments and unused Revolving Credit
Commitment of, and the portion of the Total Outstandings held or deemed held by, any Defaulting
Lender shall be excluded for purposes of making a determination of Required Lenders.

“Required Reimbursement Date” has the meaning specified in Section 2.03(c)(i).

“Responsible Officer” means the chief executive officer, president, vice president, chief
financial officer, chief accounting officer, treasurer or assistant treasurer or other similar
officer or Person performing similar functions of a Loan Party and, as to any document delivered on
the Closing Date, any secretary or assistant secretary of a Loan Party. Any document delivered
hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to
have been authorized by all necessary corporate, partnership and/or other action on the part of
such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf
of such Loan Party.

 

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“Restatement Agreement” means the Restatement Agreement, dated as of the Closing Date by and
among the Borrower, Holdings, the Administrative Agent, the Lenders (as defined in the Existing
Credit Agreement) party thereto and the Revolving Credit Lenders with Revolving Credit Commitments
on the Closing Date.

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or
other property) with respect to any Equity Interest of the Borrower or any of its Restricted
Subsidiaries, or any payment (whether in cash, securities or other property), including any sinking
fund or similar deposit, on account of the purchase, redemption, retirement, defeasance,
acquisition, cancellation or termination of any such Equity Interest, or on account of any return
of capital to the Borrower’s stockholders, partners or members (or the equivalent Persons thereof).

“Restricted Subsidiary” means any Subsidiary of the Borrower other than an Unrestricted
Subsidiary.

“Retained Declined Proceeds” has the meaning specified in Section 2.05(b)(vi).

“Revolving Commitment Increase” has the meaning specified in Section 2.14(a).

“Revolving Commitment Increase Lender” has the meaning specified in Section 2.14(a).

“Revolving Credit Borrowing” means a borrowing consisting of Revolving Credit Loans of the
same Type and, in the case of LIBOR Loans, having the same Interest Period made by each of the
Revolving Credit Lenders pursuant to Section 2.01(b).

“Revolving Credit Commitment” means, as to each Revolving Credit Lender, its obligation to (a)
make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase
participations in L/C Obligations in respect of Letters of Credit and (c) purchase participations
in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the
amount set forth, and opposite such Lender’s name on Schedule 2.01A under the caption
“Revolving Credit Commitment” or in the Assignment and Assumption pursuant to which such Lender
becomes a party hereto, as applicable, as such amount may be adjusted from time to time in
accordance with this Agreement. The aggregate Revolving Credit Commitments of all Revolving Credit
Lenders shall be $300,000,000 on the Closing Date, as such amount may be adjusted from time to time
in accordance with the terms of this Agreement, including by reason of any applicable Revolving
Commitment Increase.

“Revolving Credit Commitment Cap” means $375,000,000.

“Revolving Credit Exposure” means, as to each Revolving Credit Lender, the sum of the
outstanding principal amount of such Revolving Credit Lender’s Revolving Credit Loans and its Pro
Rata Share of the L/C Obligations and the Swing Line Obligations at such time.

“Revolving Credit Facility” means, at any time, the aggregate principal amount of the
Revolving Credit Commitments at such time.

“Revolving Credit Lender” means, at any time, any Lender that has a Revolving Credit
Commitment at such time.

“Revolving Credit Loan” has the meaning specified in Section 2.01(b).

 

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“Revolving Credit Note” means a promissory note of the Borrower payable to any Revolving
Credit Lender or its registered assigns, in substantially the form of Exhibit C-2 hereto,
evidencing the aggregate Indebtedness of the Borrower to such Revolving Credit Lender resulting
from the Revolving Credit Loans made by such Revolving Credit Lender.

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

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding
to any of its principal functions.

“Secured Hedge Agreement” means any Swap Contract that is entered into by and between any Loan
Party or any Restricted Subsidiary and any Hedge Bank.

“Secured Parties” means, collectively, the Administrative Agent, the Lenders, each Hedge Bank,
each Cash Management Bank, the Supplemental Administrative Agent and each co-agent or sub-agent
appointed by the Administrative Agent from time to time pursuant to Section 9.01(c).

“Securities Act” means the Securities Act of 1933.

“Securitization Assets” means the accounts receivable, royalty or other revenue streams and
other rights to payment subject to a Qualified Securitization Financing and the proceeds thereof.

“Securitization Fees” means distributions or payments made directly or by means of discounts
with respect to any participation interest issued or sold in connection with, and other fees paid
to a Person that is not a Securitization Subsidiary in connection with any Qualified Securitization
Financing.

“Securitization Financing” means any transaction or series of transactions that may be entered
into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any of its
Subsidiaries may sell, convey or otherwise transfer to (a) a Securitization Subsidiary (in the case
of a transfer by the Borrower or any of its Subsidiaries) or (b) any other Person (in the case of a
transfer by a Securitization Subsidiary), or may grant a security interest in, any Securitization
Assets of the Borrower or any of its Subsidiaries, and any assets related thereto, including all
collateral securing such Securitization Assets, all contracts and all guarantees or other
obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and
other assets that are customarily transferred or in respect of which security interests are
customarily granted in connection with asset securitization transactions involving Securitization
Assets.

“Securitization Repurchase Obligation” means any obligation of a seller of Securitization
Assets in a Qualified Securitization Financing to repurchase Securitization Assets arising as a
result of a breach of a Standard Securitization Undertaking, including as a result of a receivable
or portion thereof becoming subject to any asserted defense, dispute, off set or counterclaim of
any kind as a result of any action taken by, any failure to take action by or any other event
relating to the seller.

 

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“Securitization Subsidiary” means a Wholly Owned Subsidiary of the Borrower (or another Person
formed for the purposes of engaging in a Qualified Securitization Financing in which the Borrower
or any Subsidiary of the Borrower makes an Investment and to which the Borrower or any Subsidiary
of the Borrower transfers Securitization Assets and related assets) that engages in no activities
other than in connection with the financing of Securitization Assets of the Borrower or its
Subsidiaries, all proceeds thereof and all rights (contingent and other), collateral and other
assets relating thereto, and any business or activities incidental or related to such business, and
which is designated by the Board of Directors of the Borrower or such other Person (as provided below) as a Securitization
Subsidiary and (a) no portion of the Indebtedness or any other obligations (contingent or
otherwise) of which (i) is guaranteed by Holdings, the Borrower or any other Subsidiary of the
Borrower, other than another Securitization Subsidiary (excluding guarantees of obligations (other
than the principal of, and interest on, Indebtedness) pursuant to Standard Securitization
Undertakings), (ii) is recourse to or obligates Holdings, the Borrower or any other Subsidiary of
the Borrower, other than another Securitization Subsidiary, in any way other than pursuant to
Standard Securitization Undertakings or (iii) subjects any property or asset of Holdings, the
Borrower or any other Subsidiary of the Borrower, other than another Securitization Subsidiary,
directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant
to Standard Securitization Undertakings, (b) with which none of Holdings, the Borrower or any other
Subsidiary of the Borrower, other than another Securitization Subsidiary, has any material
contract, agreement, arrangement or understanding other than on terms which the Borrower reasonably
believes to be no less favorable to Holdings, the Borrower or such Subsidiary than those that might
be obtained at the time from Persons that are not Affiliates of the Borrower and (c) to which none
of Holdings, the Borrower or any other Subsidiary of the Borrower, other than another
Securitization Subsidiary, has any obligation to maintain or preserve such entity’s financial
condition or cause such entity to achieve certain levels of operating results. Any such
designation by the Board of Directors of the Borrower or such other Person shall be evidenced to
the Administrative Agent by delivery to the Administrative Agent of a certified copy of the
resolution of the Board of Directors of the Borrower or such other Person giving effect to such
designation and a certificate executed by a Responsible Officer certifying that such designation
complied with the foregoing conditions.

“Security Agreement” means, collectively, the Security Agreement executed by the Loan Parties,
substantially in the form of Exhibit G, together with each other security agreement
supplement executed and delivered pursuant to Section 6.11.

“Security Agreement Supplement” has the meaning specified in the Security Agreement.

“Senior Notes” means the $850,000,000 8.375% Senior Notes due 2019, issued by the Borrower and
IASIS Capital Corporation pursuant to the Senior Notes Indenture.

“Senior Notes Indenture” means the indenture dated as of May 3, 2011, with The Bank of New
York Mellon Trust Company, N.A., as trustee, relating to the Senior Notes, as the same may be
amended, modified, replaced or refinanced to the extent permitted by this Agreement.

“Senior Secured Leverage Ratio” means, with respect to any Test Period, the ratio of (a)
Consolidated Senior Secured Debt as of the last day of such Test Period to (b) Consolidated EBITDA
of the Borrower for such Test Period.

“Senior Subordinated Notes” means the $475,000,000 83/4% Senior Subordinated Notes due 2014,
issued by the Borrower and IASIS Capital Corporation pursuant to the indenture dated as of June 22,
2004, with The Bank of New York Trust Company, N.A. as trustee, relating to the Senior Subordinated
Notes, as the same may be amended, modified, replaced or refinanced to the extent permitted by this
Agreement.

“Sold Entity or Business” has the meaning specified in the definition of the term
“Consolidated EBITDA.”

“Solicited Discount Proration” has the meaning specified in Section 2.05(a)(v)(D)(3).

 

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“Solicited Discounted Prepayment Amount” has the meaning specified in Section
2.05(a)(v)(D)(1).

“Solicited Discounted Prepayment Notice” means an irrevocable written notice of any Loan Party
of Solicited Discounted Prepayment Offers made pursuant to Section 2.05(a)(v)(D) substantially in
the form of Exhibit M.

“Solicited Discounted Prepayment Offer” means the irrevocable written offer by each Lender,
substantially in the form of Exhibit P, submitted following the Auction Agent’s receipt of
a Solicited Discounted Prepayment Notice.

“Solicited Discounted Prepayment Response Date” has the meaning specified in Section
2.05(a)(v)(D)(1).

“Solvent” and “Solvency” mean, with respect to any Person on any date of determination, that
on such date (a) the fair value of the property of such Person is greater than the total amount of
liabilities, including contingent liabilities, of such Person, (b) the present fair salable value
of the assets of such Person is not less than the amount that will be required to pay the probable
liability of such Person on its debts as they become absolute and matured, (c) such Person does not
intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s
ability to pay such debts and liabilities as they mature and (d) such Person is not engaged in
business or a transaction, and is not about to engage in business or a transaction, for which such
Person’s property would constitute an unreasonably small capital. The amount of contingent
liabilities at any time shall be computed as the amount that, in the light of all the facts and
circumstances existing at such time, represents the amount that can reasonably be expected to
become an actual or matured liability.

“SPC” has the meaning specified in Section 10.07(h).

“Specified Discount” has the meaning specified in Section 2.05(a)(v)(B)(1).

“Specified Discount Prepayment Amount” has the meaning specified in Section 2.05(a)(v)(B)(1).

“Specified Discount Prepayment Notice” means an irrevocable written notice of the Borrower
Offer of Specified Discount Prepayment made pursuant to Section 2.05(a)(v)(B) substantially in the
form of Exhibit P.

“Specified Discount Prepayment Response” means the irrevocable written response by each
Lender, substantially in the form of Exhibit Q, to a Specified Discount Prepayment Notice.

“Specified Discount Prepayment Response Date” has the meaning specified in Section
2.05(a)(v)(B)(1).

“Specified Discount Proration” has the meaning specified in Section 2.05(a)(v)(B)(3).

“Specified Subsidiary” means, at any date of determination, (a) each Material Subsidiary of
the Borrower (i) whose total assets at the last day of the most recent Test Period were equal to or
greater than 5.0% of Total Assets at such date or (ii) whose net revenues for such Test Period were
equal to or greater than 5.0% of the consolidated net revenues of the Borrower and the Restricted
Subsidiaries for such period, in each case determined in accordance with GAAP and (b) each other
Restricted Subsidiary that is the subject of an Event of Default under Section 8.01(f) and that,
when such Subsidiary’s total
assets or net revenues are aggregated with the total assets or net revenues, as applicable, of
each other Restricted Subsidiary that is the subject of an Event of Default under Section 8.01(f)
would constitute a Specified Subsidiary under clause (a) above using a 10.0% threshold in
replacement of the 5.0% threshold in such clause (a).

 

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“Specified Transaction” means (i) any Investment, Disposition, incurrence or repayment of
Indebtedness, Restricted Payment, Subsidiary designation, Incremental Term Loan or Revolving
Commitment Increase that by the terms of this Agreement requires or permits such test to be
calculated on a “Pro Forma Basis” or after giving “Pro Forma Effect”; provided that a Revolving
Commitment Increase, for purposes of this “Specified Transaction” definition, shall be deemed to be
fully drawn and (ii) any Restricted Subsidiary becoming a Guarantor or being released as a
Guarantor.

“Sponsor Management Agreement” means the management agreement, dated as of June 22, 2004,
between certain of the management companies associated with the Sponsors or their advisors and the
Borrower.

“Sponsor Termination Fees” means the one-time payment under the Sponsor Management Agreement
of a termination fee to one or more of the Sponsors and their Affiliates in the event of either a
Change of Control or the completion of a Qualifying IPO.

“Sponsors” means TPG Partners IV, L.P., JLL Partners Fund IV, L.P., Trimaran Fund Management,
L.L.C. and their respective Affiliates and funds or partnerships managed by any of them or any of
their respective Affiliates, but not including, however, any of their respective portfolio
companies.

“Standard Securitization Undertakings” means representations, warranties, covenants and
indemnities entered into by the Borrower or any Subsidiary of the Borrower that the Borrower has
determined in good faith to be customary, necessary or advisable in a Securitization Financing.

“Submitted Amount” has the meaning specified in Section 2.05(a)(v)(C)(1).

“Submitted Discount” has the meaning specified in Section 2.05(a)(v)(C)(1).

“Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability
company or other business entity (excluding, for the avoidance of doubt, charitable foundations) of
which a majority of the shares of securities or other interests having ordinary voting power for
the election of directors or other governing body (other than securities or interests having such
power only by reason of the happening of a contingency) are at the time beneficially owned, or the
management of which is otherwise controlled, directly, or indirectly through one or more
intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a
“Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower.

“Subsidiary Equity” has the meaning specified in the Security Agreement.

“Successor Borrower” has the meaning specified in Section 7.04(d).

“Supplemental Administrative Agent” has the meaning specified in Section 9.13 and
“Supplemental Administrative Agents” shall have the corresponding meaning.

 

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“Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative
transactions, forward rate transactions, commodity swaps, commodity options, forward commodity
contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or
options
or forward bond or forward bond price or forward bond index transactions, interest rate
options, forward foreign exchange transactions, cap transactions, floor transactions, collar
transactions, currency swap transactions, cross-currency rate swap transactions, currency options,
spot contracts, or any other similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether or not any such transaction is
governed by or subject to any master agreement, and (b) any and all transactions of any kind, and
the related confirmations, which are subject to the terms and conditions of, or governed by, any
form of master agreement published by the International Swaps and Derivatives Association, Inc.,
any International Foreign Exchange Master Agreement, or any other master agreement (any such master
agreement, together with any related schedules, a “Master Agreement”), including any such
obligations or liabilities under any Master Agreement.

“Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking
into account the effect of any legally enforceable netting agreement relating to such Swap
Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and
termination value(s) determined in accordance therewith, such termination value(s), and (b) for any
date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market
value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily
available quotations provided by any recognized dealer in such Swap Contracts (which may include a
Lender or any Affiliate of a Lender).

“Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to Section 2.04.

“Swing Line Facility” means the revolving credit facility made available by the Swing Line
Lender pursuant to Section 2.04.

“Swing Line Lender” means Bank of America, in its capacity as provider of Swing Line Loans, or
any successor swing line lender hereunder.

“Swing Line Loan” has the meaning specified in Section 2.04(a).

“Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to Section 2.04(b),
which, if in writing, shall be substantially in the form of Exhibit B.

“Swing Line Obligations” means, as at any date of determination, the aggregate principal
amount of all Swing Line Loans outstanding.

“Swing Line Sublimit” means an amount equal to the lesser of (a) $35,000,000 and (b) the
aggregate principal amount of the Revolving Credit Commitments. The Swing Line Sublimit is part
of, and not in addition to, the Revolving Credit Commitments.

“Syndication Agent” means Barclays Capital, the investment banking division of Barclays Bank
PLC, as Syndication Agent under this Agreement.

“Syndication Proceeds” has the meaning specified in Section 2.05(b)(ii)(A)(4).

“Tax” means any present or future tax, levy, impost, duty, assessment, charge, fee, deduction
or withholding of any nature and whatever called, imposed by any Governmental Authority, including
any interest, additions to tax and penalties applicable thereto.

“Tax Indemnitee” as defined in Section 3.01(e).

 

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“Term Borrowing” means a borrowing consisting of Term Loans of the same Type and Class and, in
the case of LIBOR Loans, having the same Interest Period made (or converted from Existing Term
Loans) by each of the Term Lenders pursuant to Article II.

“Term Commitment” means an Additional Term B Commitment or a commitment to make an Incremental
Term Loan.

“Term Lender” means, at any time, any Lender that has a Term Commitment or a Term Loan at
such time.

“Term B Loan” has the meaning assigned to such term in Section 2.01(a).

“Term Loan” means each Term B Loan, Extended Term Loan, Incremental Term Loan and Replacement
Term Loan, as the context requires.

“Term Note” means a promissory note of the Borrower payable to any Term Lender or its
registered assigns, in substantially the form of Exhibit C-1 hereto with appropriate
insertions, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting
from the Term Loans of the applicable Class made by such Term Lender.

“Test Period” in effect at any time means the most recent period of four consecutive fiscal
quarters of the Borrower ended on or prior to such time (taken as one accounting period) in respect
of which financial statements for each quarter or fiscal year in such period have been or are
required to be delivered pursuant to Section 6.01(a) or (b); provided that, prior to the first date
that financial statements have been or are required to be delivered pursuant to Section 6.01(a) or
(b), the Test Period in effect shall be the period of four consecutive fiscal quarters of the
Borrower ended December 31, 2010. A Test Period may be designated by reference to the last day
thereof (i.e., the “March 31, 2011 Test Period” refers to the period of four consecutive fiscal
quarters of the Borrower ended March 31, 2011), and a Test Period shall be deemed to end on the
last day thereof.

“Threshold Amount” means $25,000,000.

“Total Assets” means the total assets of the Borrower and the Restricted Subsidiaries on a
consolidated basis, as shown on the most recent balance sheet of the Borrower delivered pursuant to
Section 6.01(a) or (b) or, for the period prior to the time any such statements are so delivered
pursuant to Section 6.01(a) or (b), the most recent balance sheet of the Borrower delivered
pursuant to Section 4.01(e).

“Total Leverage Ratio” means, with respect to any Test Period, the ratio of (a) Consolidated
Total Debt as of the last day of such Test Period to (b) Consolidated EBITDA of the Borrower for
such Test Period.

“Total Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C
Obligations.

“Transaction” means, collectively, (a) the funding of the Term B Loans on the Closing Date
(and the conversion of the Converted Term Loans to Term B Loans on the Closing Date), (b) the
issuance and sale of the Senior Notes, (c) the refinancing of outstanding obligations under the
Existing Credit Agreement, (d) the consummation of a cash tender offer for or redemption of all
outstanding Senior Subordinated Notes, (e) the Restricted Payment to Holdings to fund the repayment
of the Holdings Loans, (f) other Restricted Payments to Holdings in an amount not to exceed
$233,000,000, (g) the consummation of any other transactions in connection with the foregoing and (h) the payment of
the fees and expenses incurred in connection with any of the foregoing.

 

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“Transaction Expenses” means any fees or expenses incurred or paid by Holdings or any of its
Subsidiaries in connection with the Transaction, this Agreement and the other Loan Documents and
the transactions contemplated hereby and thereby.

“2004 Transactions” means (a) the acquisition, pursuant to the Agreement and Plan of Merger by
and among IASIS Investment LLC, Titan Merger Corporation and Holdings dated as of May 4, 2004, of
Holdings by IASIS Investment LLC through the merger of Titan Merger Corporation, a Wholly Owned
subsidiary of IASIS Investment LLC, with and into Holdings, with Holdings being the continuing or
surviving corporation of such merger and becoming a Wholly Owned subsidiary of IASIS Investment
LLC, (b) the refinancing of substantially all of the Indebtedness of Holdings and its Subsidiaries
existing at the time of the events described in the foregoing clause (a) (including, without
limitation, pursuant to the tender offer to repurchase Holdings’ outstanding 13% Senior
Subordinated Notes due 2009 and 8.5% Senior Subordinated Notes due 2009), (c) the contribution by
Holdings of substantially all of its property to the Borrower at the time of the events described
in the foregoing clause (a), and (d) all related financings, equity contributions and other
transactions related thereto.

“Type” means, with respect to a Loan, its character as a Base Rate Loan or a LIBOR Loan.

“Unaudited Financial Statements” has the meaning specified in Section 4.01(e).

“Uniform Commercial Code” means the Uniform Commercial Code or any successor provision thereof
as the same may from time to time be in effect in the State of New York or the Uniform Commercial
Code or any successor provision thereof (or similar code or statute) of another jurisdiction, to
the extent it may be required to apply to any item or items of Collateral.

“United States” and “U.S.” mean the United States of America.

“United States Tax Compliance Certificate” has the meaning specified in Section 3.1(c)(2)(C).

“Unreimbursed Amount” has the meaning specified in Section 2.03(c)(i).

“Unrestricted Subsidiary” means (i) each Subsidiary of the Borrower listed on Schedule
1.01A, (ii) each Securitization Subsidiary, (iii) any Subsidiary of the Borrower designated by
the Board of Directors of the Borrower as an Unrestricted Subsidiary pursuant to Section 6.14
subsequent to the date hereof and (iv) any Subsidiary of an Unrestricted Subsidiary.

“USA PATRIOT Act” means The Uniting and Strengthening America by Providing Appropriate Tools
Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107-56 (signed
into law October 26, 2001)), as amended or modified from time to time.

“U.S. Lender” means any Lender that is not a Foreign Lender.

“Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the
number of years obtained by dividing: (i) the sum of the products obtained by multiplying (a) the
amount of each then remaining installment, sinking fund, serial maturity or other required payments
of principal, including payment at final maturity, in respect thereof, by (b) the number of years
(calculated
to the nearest one-twelfth) that will elapse between such date and the making of such payment
by (ii) the then outstanding principal amount of such Indebtedness.

 

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“Wholly Owned” means, with respect to a Subsidiary of a Person, a Subsidiary of such Person
all of the outstanding Equity Interests of which (other than (x) director’s qualifying shares and
(y) shares issued to foreign nationals to the extent required by applicable Law) are owned by such
Person and/or by one or more wholly owned Subsidiaries of such Person.

“Withdrawal Liability” means the liability of Holdings or the Borrower or an ERISA Affiliate
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. Other Interpretive Provisions. With reference to this Agreement and each other Loan Document, unless otherwise specified
herein or in such other Loan Document:

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

(b) (i) The words “herein,” “hereto,” “hereof” and “hereunder” and words of similar
import when used in any Loan Document shall refer to such Loan Document as a whole and not
to any particular provision thereof.

(ii) Article, Section, Exhibit and Schedule references are to the Loan Document
in which such reference appears.

(iii) The term “including” is by way of example and not limitation.

(iv) The term “documents” includes any and all instruments, documents,
agreements, certificates, notices, reports, financial statements and other writings,
however evidenced, whether in physical or electronic form.

(c) In the computation of periods of time from a specified date to a later specified
date, the word “from” means “from and including;” the words “to” and “until” each mean “to
but excluding;” and the word “through” means “to and including.”

(d) Section headings herein and in the other Loan Documents are included for
convenience of reference only and shall not affect the interpretation of this Agreement or
any other Loan Document.

SECTION 1.03. Accounting Terms.

(a) All accounting terms not specifically or completely defined herein shall be construed in
conformity with, and all financial data (including financial ratios and other financial
calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity
with, GAAP, applied in a manner consistent with that used in preparing the Audited Financial
Statements, except as otherwise specifically prescribed herein.

(b) Notwithstanding anything to the contrary herein, for purposes of determining compliance
with any test contained in this Agreement with respect to any period during which any Specified
Transaction occurs, the Senior Secured Leverage Ratio and Total Leverage Ratio shall be calculated
with respect to such period and such Specified Transaction on a Pro Forma Basis.

 

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(c) Notwithstanding the foregoing, for purposes of determining compliance with any covenant
(including the computation of any financial ratio) contained herein, Indebtedness of the Borrower
and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount
thereof, and the effects of FASB ASC 825 and FASB ASC 470-20 on financial liabilities shall be
disregarded.

SECTION 1.04. Rounding. Any financial ratios required to be satisfied in order for a specific action to be
permitted under this Agreement shall be calculated by dividing the appropriate component by the
other component, carrying the result to one place more than the number of places by which such
ratio is expressed herein and rounding the result up or down to the nearest number (with a
rounding-up if there is no nearest number).

SECTION 1.05. References to Agreements, Laws, Etc.

Unless otherwise expressly provided herein, (a) references to Organization Documents,
agreements (including the Loan Documents) and other contractual instruments shall be deemed to
include all subsequent amendments, restatements, extensions, supplements and other modifications
thereto, but only to the extent that such amendments, restatements, extensions, supplements and
other modifications are permitted by any Loan Document; and (b) references to any Law shall include
all statutory and regulatory provisions consolidating, amending, replacing, supplementing or
interpreting such Law.

SECTION 1.06. Times of Day. Unless otherwise specified, all references herein to times of day shall be references to
Eastern time (daylight or standard, as applicable).

SECTION 1.07. Timing of Payment or Performance. When the payment of any obligation or the performance of any covenant, duty or obligation
is stated to be due or performance required on a day that is not a Business Day, the date of such
payment (other than as described in the definition of Interest Period) or performance shall extend
to the immediately succeeding Business Day.

ARTICLE II

The Commitments and Credit Extensions

SECTION 2.01. The Loans.

(a) The Term Borrowings. Subject to the terms and conditions set forth herein,) (i) each
Additional Term B Lender agrees to make a term loan to the Borrower in Dollars (a “Term B Loan,”
which term shall include each Converted Term Loan described in the following clause (ii)) on the
Closing Date in an amount equal to such Additional Term B Lender’s Additional Term B Commitment and
(ii) the Converted Term Loan of each Lender shall be converted into a Term B Loan of such Lender as
of the Closing Date in a principal amount equal to the principal amount of such Lender’s Converted
Term Loan immediately prior to such conversion.

(b) The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein,
each Revolving Credit Lender severally agrees to make loans denominated in Dollars to the Borrower
as elected by the Borrower pursuant to Section 2.02 (each such loan, a “Revolving Credit Loan”)
from time to time, on any Business Day after the Closing Date until the Maturity Date, in an
aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s
Revolving Credit Commitment; provided that after giving effect to any Revolving Credit Borrowing,
the aggregate Outstanding Amount of the Revolving Credit Loans of any Lender, plus such Lender’s
Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share
of the Outstanding
Amount of all Swing Line Loans, shall not exceed such Lender’s Revolving Credit Commitment.
Within the limits of each Lender’s Revolving Credit Commitment, and subject to the other terms and
conditions hereof, the Borrower may borrow under this Section 2.01(b), prepay under Section 2.05,
and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans or LIBOR
Loans, as further provided herein.

 

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SECTION 2.02. Borrowings, Conversions and Continuations of Loans.

(a) Each Term Borrowing, each Revolving Credit Borrowing (other than Swing Line Borrowings
with respect to which this Section 2.02 shall not apply), each conversion of Term Loans or
Revolving Credit Loans from one Type to the other, and each continuation of LIBOR Loans shall be
made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by
telephone. Each such notice must be received by the Administrative Agent not later than 12:00 noon
(i) three (3) Business Days prior to the requested date of any Borrowing or continuation of LIBOR
Loans or any conversion of Base Rate Loans to LIBOR Loans and (ii) one (1) Business Day before the
requested date of any Borrowing of Base Rate Loans; provided, that such notice shall be delivered
not later than 12:00 noon one Business Day prior to the Closing Date in the case of the initial
Credit Extensions to be made on the Closing Date. Each telephonic notice by the Borrower pursuant
to this Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a
written Committed Loan Notice, appropriately completed and signed by a Responsible Officer of the
Borrower. Each Borrowing of, conversion to or continuation of LIBOR Loans shall be in a principal
amount of $1,000,000 or a whole multiple of $500,000 in excess thereof. Except as provided in
Sections 2.03(c) and 2.04(c), each Borrowing of or conversion to Base Rate Loans shall be in a
principal amount of $500,000 or a whole multiple of $100,000 in excess thereof. Each Committed
Loan Notice (whether telephonic or written) shall specify (i) whether the Borrower is requesting a
Term Borrowing, a Revolving Credit Borrowing, a conversion of Term Loans of a specified Class or
Revolving Credit Loans from one Type to the other, or a continuation of LIBOR Loans, (ii) the
requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a
Business Day), (iii) the Class of Loans to be borrowed, converted or continued, as the case may be,
and the principal amount of Loans to be borrowed, converted or continued, and (iv) the Type of
Loans to be borrowed or to which existing Term Loans or Revolving Credit Loans are to be converted
and (v) if applicable, the duration of the Interest Period with respect thereto. If the Borrower
fails to specify a Type of Loan in a Committed Loan Notice or fails to give a timely notice
requesting a conversion or continuation, then the Term Loans or Revolving Credit Loans shall be
made as, or converted to, Base Rate Loans (unless the Loan being continued is a LIBOR Loan, in
which case it shall be continued as a LIBOR Loan with an Interest Period of one month). Any such
automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest
Period then in effect with respect to the applicable LIBOR Loans. If the Borrower requests a
Borrowing of, conversion to, or continuation of LIBOR Loans in any such Committed Loan Notice, but
fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one
(1) month.

(b) Following receipt of a Committed Loan Notice, the Administrative Agent shall promptly
notify each Lender of the amount of its Pro Rata Share of the applicable Class of Loans, and if no
timely notice of a conversion or continuation is provided by the Borrower, the Administrative Agent
shall notify each Lender of the details of any automatic conversion to Base Rate Loans or
continuation described in Section 2.02(a). In the case of each Borrowing, each Appropriate Lender
shall make the amount of its Loan available to the Administrative Agent in immediately available
funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified
in the applicable Committed Loan Notice. The Administrative Agent shall make all funds so received
available to the Borrower in like funds as received by the Administrative Agent either by (i)
crediting the account of the Borrower on the books of the Administrative Agent with the amount of
such funds or (ii) wire transfer of such funds, in each case in accordance with instructions
provided to (and reasonably acceptable to) the Administrative
Agent by the Borrower; provided that if, on the date the Committed Loan Notice with respect to
such Borrowing is given by the Borrower, there are Swing Line Loans or L/C Borrowings outstanding,
then the proceeds of such Borrowing shall be applied, first, to the payment in full of any such L/C
Borrowings, second, to the payment in full of any such Swing Line Loans, and third, to the Borrower
as provided above.

 

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(c) Except as otherwise provided herein, a LIBOR Loan may be continued or converted only on
the last day of an Interest Period for such LIBOR Loan unless the Borrower pays the amount due, if
any, under Section 3.05 in connection therewith. During the existence of an Event of Default, the
Required Lenders may require that no Loans may be converted to or continued as LIBOR Loans.

(d) The Administrative Agent shall promptly notify the Borrower and the Lenders of the
interest rate applicable to any Interest Period for LIBOR Loans upon determination of such interest
rate. The determination of LIBOR by the Administrative Agent shall be presumed correct in the
absence of manifest error. At any time that Base Rate Loans are outstanding, the Administrative
Agent shall notify the Borrower and the Lenders of any change in the Administrative Agent’s prime
rate used in determining the Base Rate promptly following the public announcement of such change.

(e) After giving effect to all Term Borrowings, all Revolving Credit Borrowings, all
conversions of Term Loans or Revolving Credit Loans from one Type to the other, and all
continuations of Term Loans or Revolving Credit Loans as the same Type, there shall not be more
than fifteen (15) Interest Periods in effect unless otherwise agreed between the Borrower and the
Administrative Agent.

(f) The failure of any Lender to make the Loan to be made by it as part of any Borrowing shall
not relieve any other Lender of its obligation, if any, hereunder to make its Loan on the date of
such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the
Loan to be made by such other Lender on the date of any Borrowing.

(g) Unless the Administrative Agent shall have received notice from a Lender prior to the date
of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s
portion of such Borrowing, the Administrative Agent may assume that such Lender has made such
portion available to the Administrative Agent on the date of such Borrowing in accordance with
paragraph (b) above, and the Administrative Agent may, in reliance upon such assumption, make
available to the Borrower on such date a corresponding amount. If the Administrative Agent shall
have so made funds available, then, to the extent that such Lender shall not have made such portion
available to the Administrative Agent, each of such Lender and the Borrower severally agrees to
repay to the Administrative Agent forthwith on demand such corresponding amount together with
interest thereon, for each day from the date such amount is made available to the Borrower until
the date such amount is repaid to the Administrative Agent at (i) in the case of the Borrower, the
interest rate applicable at the time to the Loans comprising such Borrowing and (ii) in the case of
such Lender, the greater of the Federal Funds Rate and a rate determined by the Administrative
Agent in accordance with banking industry rules on interbank compensation. A certificate of the
Administrative Agent submitted to any Lender with respect to any amounts owing under this Section
2.02(g) shall be presumed correct in the absence of manifest error. If such Lender’s portion of
such Borrowing is not made available to the Administrative Agent by such Lender within three
Business Days after such the date of such Borrowing, the Administrative Agent shall also be
entitled to recover such amount with interest thereon accruing from the date on which the
Administrative Agent made the funds available to the Borrower at the rate per annum applicable to
Base Rate Loans under the relevant Facility, on demand, from the Borrower. If such Lender shall
repay to the Administrative Agent such corresponding amount, such amount shall constitute such
Lender’s Loan as part
of such Borrowing for purposes of this Agreement, and the Borrower’s obligation to repay the
Administrative Agent such corresponding amount pursuant to this Section 2.02(g) shall cease.

 

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SECTION 2.03. Letters of Credit.

(a) The Letter of Credit Commitments.

(i) Subject to the terms and conditions set forth herein, (1) each L/C Issuer agrees, in
reliance upon the agreements of the other Revolving Credit Lenders set forth in this Section 2.03,
from time to time on any Business Day during the period from the Closing Date until the Letter of
Credit Expiration Date, (x) to issue Letters of Credit for the account of the Borrower (provided
that any Letter of Credit may be for the benefit of any Restricted Subsidiary of the Borrower) and
to amend or renew Letters of Credit previously issued by it, in accordance with Section 2.03(b),
and (y) to honor drafts under the Letters of Credit and (2) the Revolving Credit Lenders severally
agree to participate in Letters of Credit issued pursuant to this Section 2.03; provided that L/C
Issuers shall not be obligated to make L/C Credit Extensions with respect to Letters of Credit, and
Lenders shall not be obligated to participate in Letters of Credit if as of the date of the
applicable L/C Credit Extension, (x) the Revolving Credit Exposure of any Lender would exceed such
Lender’s Revolving Credit Commitment or (y) the Outstanding Amount of the L/C Obligations would
exceed the Letter of Credit Sublimit. Within the foregoing limits, and subject to the terms and
conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be fully revolving, and
accordingly the Borrower may, during the foregoing period, obtain Letters of Credit to replace
Letters of Credit that have expired or that have been drawn upon and reimbursed.

(ii) (A) An L/C Issuer shall not issue any Letter of Credit if:

(1) subject to Section 2.03(b)(iii), the expiry date of such requested Letter of Credit
would occur more than twelve months after the date of issuance or last renewal, unless
otherwise agreed by the L/C Issuer and the Administrative Agent; or

(2) the expiry date of such requested Letter of Credit would occur after the Letter of
Credit Expiration Date, unless (x) all the Revolving Credit Lenders have approved such
expiry date or (y) the Outstanding Amount of the L/C Obligations in respect of such
requested Letter of Credit has been Cash Collateralized (in which case, the Revolving Credit
Lenders shall cease to have participating interests in such Cash Collateralized Letter of
Credit following the Maturity Date of the Revolving Credit Facility).

(B) An L/C Issuer shall be under no obligation to issue any Letter of Credit if:

(1) any order, judgment or decree of any Governmental Authority or arbitrator shall by
its terms purport to enjoin or restrain such L/C Issuer from issuing such Letter of Credit,
or any Law applicable to such L/C Issuer or any directive (whether or not having the force
of law) from any Governmental Authority with jurisdiction over such L/C Issuer shall
prohibit, or direct that such L/C Issuer refrain from, the issuance of letters of credit
generally or such Letter of Credit in particular or shall impose upon such L/C Issuer with
respect to such Letter of Credit any restriction, reserve or capital requirement (for which
such L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date,
or shall impose upon such L/C Issuer any unreimbursed loss, cost or expense which was not
applicable on the Closing Date (for which such L/C Issuer is not otherwise compensated
hereunder);

(2) the issuance of such Letter of Credit would violate one or more policies of the L/C
Issuer applicable to letters of credit generally; or

 

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(3) any Revolving Credit Lender is at that time a Defaulting Lender, unless the L/C
Issuer has entered into arrangements, including the delivery of Cash Collateral, reasonably
satisfactory to the L/C Issuer with the Borrower or such Lender to eliminate the L/C
Issuer’s actual or potential Fronting Exposure (after giving effect to Section 2.15(a)(iv))
with respect to the Defaulting Lender arising from either the Letter of Credit then proposed
to be issued or that Letter of Credit and all other L/C Obligations as to which the L/C
Issuer has actual or potential Fronting Exposure, as it may elect in its sole discretion.

(iii) An L/C Issuer shall be under no obligation to amend any Letter of Credit if (A) such L/C
Issuer would have no obligation at such time to issue such Letter of Credit in its amended form
under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the
proposed amendment to such Letter of Credit.

(iv) The Existing Letters of Credit shall be governed by the terms and conditions of this
Agreement and shall, for all purposes, be deemed to be Letters of Credit issued hereunder.

(b) Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of
Credit.

(i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of
the Borrower delivered to an L/C Issuer (with a copy to the Administrative Agent) in the form of a
Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the
Borrower. Such Letter of Credit Application must be received by the relevant L/C Issuer and the
Administrative Agent not later than 12:00 noon at least two (2) Business Days prior to the proposed
issuance date or date of amendment, as the case may be; or, in each case, such later date and time
as the relevant L/C Issuer and the Administrative Agent may agree in a particular instance in its
sole discretion. In the case of a request for an initial issuance of a Letter of Credit, such
Letter of Credit Application shall specify in form and detail reasonably satisfactory to the
relevant L/C Issuer: (a) the proposed issuance date of the requested Letter of Credit (which shall
be a Business Day); (b) the amount thereof; (c) the expiry date thereof; (d) the name and address
of the beneficiary thereof; (e) the documents to be presented by such beneficiary in case of any
drawing thereunder; (f) the full text of any certificate to be presented by such beneficiary in
case of any drawing thereunder; and (g) such other matters as the relevant L/C Issuer may
reasonably request. In the case of a request for an amendment of any outstanding Letter of Credit,
such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the
relevant L/C Issuer (1) the Letter of Credit to be amended; (2) the proposed date of amendment
thereof (which shall be a Business Day); (3) the nature of the proposed amendment; and (4) such
other matters and documents as the relevant L/C Issuer may reasonably request.

(ii) Promptly after receipt of any Letter of Credit Application, the relevant L/C Issuer will
confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent
has received a copy of such Letter of Credit Application from the Borrower and, if not, such L/C
Issuer will provide the Administrative Agent with a copy thereof. Upon receipt by the relevant L/C
Issuer of confirmation from the Administrative Agent that the requested issuance or amendment is
permitted in accordance with the terms hereof, then, subject to the terms and conditions hereof,
such L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of the
Borrower or enter into the applicable amendment, as the case may be. Immediately upon the issuance
of each Letter of Credit, each Revolving Credit Lender shall be deemed to, and hereby irrevocably
and unconditionally agrees to, acquire from the relevant L/C Issuer a risk participation in such
Letter of Credit in an amount equal to the product of such Revolving Credit Lender’s Pro Rata Share
times the amount of such Letter of Credit.

 

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(iii) If the Borrower so requests in any applicable Letter of Credit Application, the relevant
L/C Issuer shall agree to issue a Letter of Credit that has automatic renewal provisions (each, an
“Auto-Extension Letter of Credit”); provided that any such Auto-Extension Letter of Credit must
permit the relevant L/C Issuer to prevent any such renewal at least once in each twelve-month
period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to
the beneficiary thereof not later than a day (the “Nonrenewal Notice Date”) in each such
twelve-month period to be agreed upon at the time such Letter of Credit is issued. Unless
otherwise directed by the relevant L/C Issuer, the Borrower shall not be required to make a
specific request to the relevant L/C Issuer for any such renewal. Once an Auto-Extension Letter of
Credit has been issued, the applicable Lenders shall be deemed to have authorized (but may not
require) the relevant L/C Issuer to permit the renewal of such Letter of Credit at any time to an
expiry date not later than the applicable Letter of Credit Expiration Date; provided that the
relevant L/C Issuer shall not permit any such renewal if (A) the relevant L/C Issuer has determined
that it would have no obligation at such time to issue such Letter of Credit in its renewed form
under the terms hereof (by reason of the provisions of Section 2.03(a)(ii) or otherwise), or (B) it
has received notice (which may be by telephone or in writing) on or before the day that is five (5)
Business Days before the Nonrenewal Notice Date from the Administrative Agent, any Revolving Credit
Lender or the Borrower that one or more of the applicable conditions specified in Section 4.02 is
not then satisfied.

(iv) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of
Credit to an advising bank with respect thereto or to the beneficiary thereof, the relevant L/C
Issuer will also deliver to the Borrower and the Administrative Agent a true and complete copy of
such Letter of Credit or amendment.

(c) Drawings and Reimbursements; Funding of Participations.

(i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under
such Letter of Credit, the relevant L/C Issuer shall notify promptly the Borrower and the
Administrative Agent thereof and the applicable date of payment by such L/C Issuer thereunder. Not
later than 11:00 a.m. on the first Business Day immediately following such applicable date of
payment (each such date, a “Required Reimbursement Date”), the Borrower shall reimburse such L/C
Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the
Borrower fails to so reimburse such L/C Issuer by such time, the Administrative Agent shall
promptly notify each Appropriate Lender of the Required Reimbursement Date, the amount of the
unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Appropriate Lender’s Pro
Rata Share thereof. In such event, the Borrower shall be deemed to have requested a Revolving
Credit Borrowing of Base Rate Loans, to be disbursed on the Required Reimbursement Date in an
amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in
Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the
unutilized portion of the Revolving Credit Commitments of the Appropriate Lenders and Revolving
Credit Lenders and subject to the conditions set forth in Section 4.02 (other than the delivery of
a Committed Loan Notice). Any notice given by an L/C Issuer or the Administrative Agent pursuant
to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided
that the lack of such an immediate confirmation shall not affect the conclusiveness or binding
effect of such notice.

(ii) Each Revolving Credit Lender (including any such Lender acting as an L/C Issuer) shall
upon any notice pursuant to Section 2.03(c)(i) make funds available to the Administrative Agent for
the account of the relevant L/C Issuer at the Administrative Agent’s Office for payments in an
amount equal to its Pro Rata Share of any Unreimbursed Amount in respect of a Letter of Credit not
later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent,
whereupon, subject to the provisions of Section 2.03(c)(iii), each Revolving Credit Lender that so
makes funds available shall be deemed to have made a Base Rate Loan to the Borrower in such amount. The
Administrative Agent shall remit the funds so received to the relevant L/C Issuer.

 

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(iii) With respect to any drawing in respect of a Letter of Credit that is not fully
reimbursed by the Borrower pursuant to Section 2.03(c)(ii) or refinanced by a Revolving Credit
Borrowing of Base Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied
or for any other reason, the Borrower shall be deemed to have incurred from the relevant L/C Issuer
an L/C Borrowing in the amount of such drawing that is not so reimbursed or refinanced, which L/C
Borrowing shall be due and payable on demand (together with interest) and, if not reimbursed on the
date of such drawing, shall bear interest at (x) for the first Business Day after such drawing, the
rate applicable to Base Rate Revolving Credit Loans and (y) thereafter, the Default Rate. In such
event, each Revolving Credit Lender’s payment to the Administrative Agent for the account of the
relevant L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its
participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in
satisfaction of its participation obligation under this Section 2.03.

(iv) Until each Revolving Credit Lender funds its Revolving Credit Loan or L/C Advance
pursuant to this Section 2.03(c) to reimburse the relevant L/C Issuer for any amount drawn under
any Letter of Credit, interest in respect of such Lender’s Pro Rata Share of such amount shall be
solely for the account of the relevant L/C Issuer.

(v) Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or L/C Advances
to reimburse an L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this
Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance,
including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may
have against the relevant L/C Issuer, the Borrower or any other Person for any reason whatsoever;
(B) the occurrence or continuance of a Default; or (C) any other occurrence, event or condition,
whether or not similar to any of the foregoing; provided that each Revolving Credit Lender’s
obligation to make Revolving Credit Loans pursuant to this Section 2.03(c) is subject to the
conditions set forth in Section 4.02 (other than delivery by the Borrower of a Committed Loan
Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the
Borrower to reimburse the relevant L/C Issuer for the amount of any payment made by such L/C Issuer
under any Letter of Credit, together with interest as provided herein.

(vi) If any Revolving Credit Lender fails to make available to the Administrative Agent for
the account of the relevant L/C Issuer any amount required to be paid by such Lender pursuant to
the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), such
L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent),
on demand, such amount with interest thereon for the period from the date such payment is required
to the date on which such payment is immediately available to such L/C Issuer at a rate per annum
equal to the Federal Funds Rate from time to time in effect. A certificate of the relevant L/C
Issuer submitted to any Revolving Credit Lender (through the Administrative Agent) with respect to
any amounts owing under this Section 2.03(c)(vi) shall be presumed correct absent manifest error.

(vii) If, at any time after an L/C Issuer has made a payment under any Letter of Credit and
has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment
in accordance with this Section 2.03(c), the Administrative Agent receives for the account of such
L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether
directly from the Borrower or otherwise, including proceeds of Cash Collateral applied thereto by
the Administrative Agent), the Administrative Agent will distribute to such Lender its Pro Rata
Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of
time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by
the Administrative Agent.

 

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(viii) If any payment received by the Administrative Agent for the account of an L/C Issuer
pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described
in Section 10.06 (including pursuant to any settlement entered into by such L/C Issuer in its
discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of
such L/C Issuer its Pro Rata Share thereof on demand of the Administrative Agent, plus interest
thereon from the date of such demand to the date such amount is returned by such Lender, at a rate
per annum equal to the Federal Funds Rate from time to time in effect.

(d) Obligations Absolute. The obligation of the Borrower to reimburse the relevant L/C Issuer
for each drawing under each Letter of Credit issued by it and to repay each L/C Borrowing shall be
absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of
this Agreement under all circumstances, including the following:

(i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or
any other agreement or instrument relating thereto;

(ii) the existence of any claim, counterclaim, setoff, defense or other right that any
Loan Party may have at any time against any beneficiary or any transferee of such Letter of
Credit (or any Person for whom any such beneficiary or any such transferee may be acting),
the relevant L/C Issuer or any other Person, whether in connection with this Agreement, the
transactions contemplated hereby or by such Letter of Credit or any agreement or instrument
relating thereto, or any unrelated transaction;

(iii) any draft, demand, certificate or other document presented under such Letter of
Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any
statement therein being untrue or inaccurate in any respect; or any loss or delay in the
transmission or otherwise of any document required in order to make a drawing under such
Letter of Credit;

(iv) any payment by the relevant L/C Issuer under such Letter of Credit against
presentation of a draft or certificate that does not strictly comply with the terms of such
Letter of Credit; or any payment made by the relevant L/C Issuer under such Letter of Credit
to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for
the benefit of creditors, liquidator, receiver or other representative of or successor to
any beneficiary or any transferee of such Letter of Credit, including any arising in
connection with any proceeding under any Debtor Relief Law;

(v) any exchange, release or nonperfection of any Collateral, or any release or
amendment or waiver of or consent to departure from the Guaranty or any other guarantee, for
all or any of the Obligations any Loan Party in respect of such Letter of Credit; or

(vi) any other circumstance or happening whatsoever, whether or not similar to any of
the foregoing, including any other circumstance that might otherwise constitute a defense
available to, or a discharge of, any Loan Party;

provided that the foregoing shall not excuse any L/C Issuer from liability to the Borrower to the
extent of any direct damages (as opposed to consequential damages, claims in respect of which are
waived by the Borrower to the extent permitted by applicable Law) suffered by the Borrower that are
caused by acts or omissions by such L/C Issuer constituting gross negligence or willful misconduct
on the part of such L/C Issuer.

 

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(e) Role of L/C Issuers. Each Lender and the Borrower agree that, in paying any drawing under
a Letter of Credit, the relevant L/C Issuer shall not have any responsibility to obtain any
document (other than any sight draft, certificates and documents expressly required by the Letter
of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the
authority of the Person executing or delivering any such document. None of the L/C Issuers, any
Agent-Related Person nor any of the respective correspondents, participants or assignees of any L/C
Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith at
the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any
action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due
execution, effectiveness, validity or enforceability of any document or instrument related to any
Letter of Credit or Letter of Credit Application. The Borrower hereby assumes all risks of the
acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit;
provided that this assumption is not intended to, and shall not, preclude the Borrower’s pursuing
such rights and remedies as it may have against the beneficiary or transferee at law or under any
other agreement. None of the L/C Issuers, any Agent-Related Person, nor any of the respective
correspondents, participants or assignees of any L/C Issuer, shall be liable or responsible for any
of the matters described in clauses (i) through (iii) of this Section 2.03(e); provided that
anything in such clauses to the contrary notwithstanding, the Borrower may have a claim against an
L/C Issuer, and such L/C Issuer may be liable to the Borrower, to the extent of any direct, as
opposed to consequential or exemplary, damages suffered by the Borrower that were caused by such
L/C Issuer’s willful misconduct or gross negligence or such L/C Issuer’s willful or grossly
negligent failure to pay under any Letter of Credit after the presentation to it by the beneficiary
of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of
Credit. In furtherance and not in limitation of the foregoing, each L/C Issuer may accept
documents that appear on their face to be in order, without responsibility for further
investigation, regardless of any notice or information to the contrary, and no L/C Issuer shall be
responsible for the validity or sufficiency of any instrument transferring or assigning or
purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or
proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason.

(f) Cash Collateral. If (i) any Event of Default occurs and is continuing and the Required
Lenders require the Borrower to Cash Collateralize its L/C Obligations pursuant to Section 8.02(c)
or (ii) an Event of Default set forth under Section 8.01(f) occurs and is continuing, then the
Borrower shall Cash Collateralize the then Outstanding Amount of all L/C Obligations (in an amount
equal to such Outstanding Amount determined as of the date of such Event of Default), and shall do
so not later than 2:00 p.m. New York City time on (x) in the case of the immediately preceding
clause (i), (1) the Business Day that the Borrower receives notice thereof, if such notice is
received on such day prior to 12:00 Noon New York City time or (2) if clause (1) above does not
apply, the Business Day immediately following the day that the Borrower receives such notice and
(y) in the case of the immediately preceding clause (ii), the Business Day on which an Event of
Default set forth under Section 8.01(f) occurs or, if such day is not a Business Day, the Business
Day immediately succeeding such day. If at any time that there shall exist a Defaulting Lender and
any Fronting Exposure to such Defaulting Lender remains outstanding (after giving effect to
Section 2.15(a)(iv) and any Cash Collateral provided by the Defaulting Lender), promptly upon the
request of the Administrative Agent, the L/C Issuers or the Swing Line Lender, the Borrower shall
Cash Collateralize in an amount sufficient to cover such Fronting Exposure (after giving effect to
Section 2.15(a)(iv) and any Cash Collateral provided by the Defaulting Lender). For purposes
hereof, “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative
Agent, for the benefit of the relevant L/C Issuer and the Revolving Credit Lenders, as collateral
for the L/C Obligations, cash or deposit account balances (“Cash Collateral”) pursuant to
documentation in form and substance reasonably satisfactory to the Administrative Agent and the
relevant L/C Issuer (which documents are hereby consented to by the Revolving Credit Lenders).
Derivatives of such term have corresponding meanings. The Borrower hereby grants to the
Administrative Agent, for

 

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 the benefit of the L/C Issuers and the Revolving Credit Lenders, a
security interest in all such cash, deposit accounts and all balances therein and all proceeds of the foregoing. Cash Collateral shall be maintained in
blocked accounts at the Administrative Agent and may be invested in readily available Cash
Equivalents. If at any time the Administrative Agent determines that any funds held as Cash
Collateral are subject to any right or claim of any Person other than the Administrative Agent (on
behalf of the Secured Parties) or that the total amount of such funds is less than the aggregate
Outstanding Amount of all L/C Obligations, the Borrower will, forthwith upon demand by the
Administrative Agent, pay to the Administrative Agent, as additional funds to be deposited and held
in the deposit accounts at the Administrative Agent as aforesaid, an amount equal to the excess of
(a) such aggregate Outstanding Amount over (b) the total amount of funds, if any, then held as Cash
Collateral that the Administrative Agent reasonably determines to be free and clear of any such
right and claim. Upon the drawing of any Letter of Credit for which funds are on deposit as Cash
Collateral, such funds shall be applied, to the extent permitted under applicable Law, to reimburse
the relevant L/C Issuer. To the extent the amount of any Cash Collateral exceeds the then
Outstanding Amount of such L/C Obligations and so long as no Event of Default has occurred and is
continuing, the excess shall be refunded to the Borrower. If such Event of Default is cured or
waived and no other Event of Default is then occurring and continuing, the amount of any Cash
Collateral shall be refunded to the Borrower.

(g) Letter of Credit Fees. The Borrower shall pay to the Administrative Agent for the account
of each Revolving Credit Lender in accordance with its Pro Rata Share a Letter of Credit fee for
each Letter of Credit issued pursuant to this Agreement equal to the Applicable Rate times the
daily maximum amount then available to be drawn under such Letter of Credit (whether or not such
maximum amount is then in effect under such Letter of Credit if such maximum amount increases
periodically pursuant to the terms of such Letter of Credit); provided that any Letter of Credit
fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit
as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the L/C Issuer
pursuant to this Section 2.03 shall be payable, to the maximum extent permitted by applicable Law,
to the other Revolving Credit Lenders in accordance with the upward adjustments in their respective
Pro Rata Shares allocable to such Letter of Credit pursuant to Section 2.15(a)(iv), with the
balance of such fee, if any, payable to the L/C Issuer for its own account or be applied in
reduction of such Letter of Credit fee to the extent such Cash Collateral has been provided by the
Borrower in accordance with Section 2.03(a)(ii)(A)(2) or 2.03(f). Such Letter of Credit fees shall
be computed on a quarterly basis in arrears and shall be due and payable in Dollars on the first
Business Day after the end of each March, June, September and December, commencing with the first
such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration
Date and thereafter on demand. If there is any change in the Applicable Rate during any quarter,
the daily maximum amount of each Letter of Credit shall be computed and multiplied by the
Applicable Rate separately for each period during such quarter that such Applicable Rate was in
effect.

(h) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower
shall pay directly to each L/C Issuer for its own account a fronting fee with respect to each
Letter of Credit issued by it equal to 0.125% per annum of the daily maximum amount then available
to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under
such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such
Letter of Credit). Such fronting fees shall be computed on a quarterly basis in arrears. Such
fronting fees shall be due and payable on the first Business Day after the end of each March, June,
September and December, commencing with the first such date to occur after the issuance of such
Letter of Credit, on the applicable Letter of Credit Expiration Date and thereafter on demand. In
addition, the Borrower shall pay directly to each L/C Issuer for its own account the customary
issuance, presentation, amendment and other processing fees, and other standard costs and charges,
of such L/C Issuer relating to letters of credit as from time to time in effect. Such customary
fees and standard costs and charges are due and payable within ten (10) Business Days of demand and
are nonrefundable.

 

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(i) Conflict with Letter of Credit Application. Notwithstanding anything else to the contrary
in any Letter of Credit Application, in the event of any conflict between the terms hereof and the
terms of any Letter of Credit Application, the terms hereof shall control.

(j) Addition of an L/C Issuer. A Revolving Credit Lender reasonably satisfactory to the
Administrative Agent may become an additional L/C Issuer hereunder pursuant to a written agreement
among the Borrower, the Administrative Agent and such Revolving Credit Lender. The Administrative
Agent shall notify the Revolving Credit Lenders of any such additional L/C Issuer.

(k) Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued
or outstanding hereunder is in support of any obligations of, or is for the account of, a
Subsidiary, the Borrower shall be obligated to reimburse the applicable L/C Issuer hereunder for
any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the
issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the
Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such
Subsidiaries.

(l) Applicability of ISP. Unless otherwise expressly agreed by the relevant L/C Issuer and
the Borrower when a Letter of Credit is issued (including any such agreement applicable to an
Existing Letter of Credit), the rules of the ISP shall apply to each Letter of Credit.

SECTION 2.04. Swing Line Loans.

(a) The Swing Line. Subject to the terms and conditions set forth herein, the Swing Line
Lender agrees (unless it has determined that it is reasonably likely that a Revolving Credit Lender
shall become a Defaulting Lender on or prior to the time on which the relevant Swing Line Loan is
capable of being refinanced in accordance with Section 2.04(c)) to make loans in Dollars (each such
loan, a “Swing Line Loan”) to the Borrower from time to time on any Business Day (other than the
Closing Date) until the Maturity Date in an aggregate amount not to exceed at any time outstanding
the amount of the Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans, when
aggregated with the Pro Rata Share of the Outstanding Amount of Revolving Credit Loans and L/C
Obligations of the Lender acting as Swing Line Lender, may exceed the amount of such Lender’s
Revolving Credit Commitment; provided that, after giving effect to any Swing Line Loan, the
aggregate Outstanding Amount of the Revolving Credit Loans of any Lender, plus such Lender’s Pro
Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of
the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Credit
Commitment then in effect. Within the foregoing limits, and subject to the other terms and
conditions hereof, the Borrower may borrow under this Section 2.04, prepay under Section 2.05, and
reborrow under this Section 2.04. Each Swing Line Loan shall be a Base Rate Loan. Immediately
upon the making of a Swing Line Loan, each Revolving Credit Lender shall be deemed to, and hereby
irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk participation
in such Swing Line Loan in an amount equal to the product of such Lender’s Pro Rata Share times the
amount of such Swing Line Loan.

 

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 (b) Borrowing Procedures. Each Swing Line Borrowing shall be made upon the Borrower’s
irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by
telephone. Each such notice must be received by the Swing Line Lender and the Administrative Agent
not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be
borrowed, which shall be a minimum of $100,000 (and any amount in excess of $100,000 shall be an
integral multiple of $25,000), and (ii) the requested borrowing date, which shall be a Business
Day. Each such telephonic notice must be confirmed promptly by delivery to the Swing Line Lender
and the Administrative Agent of a written Swing Line Loan Notice, appropriately completed and
signed by a Responsible

Officer of the Borrower. Promptly after receipt by the Swing Line Lender of any telephonic
Swing Line Loan Notice, the Swing Line Lender will confirm with the Administrative Agent (by
telephone or in writing) that the Administrative Agent has also received such Swing Line Loan
Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone or in
writing) of the contents thereof. Unless the Swing Line Lender has received notice (by telephone
or in writing) from the Administrative Agent (including at the request of any Revolving Credit
Lender) prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (A) directing the Swing
Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the first
proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable
conditions specified in Section 4.02 is not then satisfied, then, subject to the terms and
conditions hereof, the Swing Line Lender will, not later than 3:00 p.m. on the borrowing date
specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the
Borrower.

(c) Refinancing of Swing Line Loans.

(i) The Swing Line Lender at any time in its sole and absolute discretion may request, on
behalf of the Borrower (which hereby irrevocably authorizes the Swing Line Lender to so request on
its behalf), that each Revolving Credit Lender make a Base Rate Loan in an amount equal to such
Lender’s Pro Rata Share of the amount of Swing Line Loans then outstanding. Such request shall be
made in writing (which written request shall be deemed to be a Committed Loan Notice for purposes
hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and
multiples specified therein for the principal amount of Base Rate Loans, but subject to the
unutilized portion of the aggregate Revolving Credit Commitments and the conditions set forth in
Section 4.02. The Swing Line Lender shall furnish the Borrower with a copy of the applicable
Committed Loan Notice promptly after delivering such notice to the Administrative Agent. Each
Revolving Credit Lender shall make an amount equal to its Pro Rata Share of the amount specified in
such Committed Loan Notice available to the Administrative Agent in immediately available funds for
the account of the Swing Line Lender at the Administrative Agent’s Office not later than 1:00 p.m.
on the day specified in such Committed Loan Notice, whereupon, subject to Section 2.04(c)(ii), each
Revolving Credit Lender that so makes funds available shall be deemed to have made a Base Rate Loan
to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the
Swing Line Lender.

(ii) If for any reason any Swing Line Loan cannot be refinanced by such a Revolving Credit
Borrowing in accordance with Section 2.04(c)(i), the request for Base Rate Loans submitted by the
Swing Line Lender as set forth herein shall be deemed to be a request by the Swing Line Lender that
each of the Revolving Credit Lenders fund its risk participation in the relevant Swing Line Loan,
and each Revolving Credit Lender’s payment to the Administrative Agent for the account of the Swing
Line Lender pursuant to Section 2.04(c)(i) shall be deemed payment in respect of such
participation.

(iii) If any Revolving Credit Lender fails to make available to the Administrative Agent for
the account of the Swing Line Lender any amount required to be paid by such Lender pursuant to the
foregoing provisions of this Section 2.04(c) by the time specified in Section 2.04(c)(i), the Swing
Line Lender shall be entitled to recover from such Lender (acting through the Administrative
Agent), on demand, such amount with interest thereon for the period from the date such payment is
required to the date on which such payment is immediately available to the Swing Line Lender at a
rate per annum equal to the Federal Funds Rate from time to time in effect. A certificate of the
Swing Line Lender submitted to any Lender (through the Administrative Agent) with respect to any
amounts owing under this clause (iii) shall be presumed correct absent manifest error.

 

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(iv) Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or to purchase
and fund risk participations in Swing Line Loans pursuant to this Section 2.04(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any
setoff, counterclaim, recoupment, defense or other right which such Lender may have against the
Swing Line Lender, the Borrower or any other Person for any reason whatsoever, (B) the occurrence
or continuance of a Default, or (C) any other occurrence, event or condition, whether or not
similar to any of the foregoing; provided that each Revolving Credit Lender’s obligation to make
Revolving Credit Loans pursuant to this Section 2.04(c) is subject to the conditions set forth in
Section 4.02. No such funding of risk participations shall relieve or otherwise impair the
obligation of the Borrower to repay Swing Line Loans, together with interest as provided herein.

(d) Repayment of Participations.

(i) At any time after any Revolving Credit Lender has purchased and funded a risk
participation in a Swing Line Loan, if the Swing Line Lender receives any payment on account of
such Swing Line Loan, the Swing Line Lender will distribute to such Lender its Pro Rata Share of
such payment (appropriately adjusted, in the case of interest payments, to reflect the period of
time during which such Lender’s risk participation was funded) in the same funds as those received
by the Swing Line Lender.

(ii) If any payment received by the Swing Line Lender in respect of principal or interest on
any Swing Line Loan is required to be returned by the Swing Line Lender under any of the
circumstances described in Section 10.06 (including pursuant to any settlement entered into by the
Swing Line Lender in its discretion), each Revolving Credit Lender shall pay to the Swing Line
Lender its Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from
the date of such demand to the date such amount is returned, at a rate per annum equal to the
Federal Funds Rate. The Administrative Agent will make such demand upon the request of the Swing
Line Lender.

(e) Interest for Account of Swing Line Lender. The Swing Line Lender shall be responsible for
invoicing the Borrower for interest on the Swing Line Loans. Until each Revolving Credit Lender
funds its Base Rate Loan or risk participation pursuant to this Section 2.04 to refinance such
Lender’s Pro Rata Share of any Swing Line Loan, interest in respect of such Pro Rata Share shall be
solely for the account of the Swing Line Lender.

(f) Payments Directly to Swing Line Lender. The Borrower shall make all payments of principal
and interest in respect of the Swing Line Loans directly to the Swing Line Lender.

SECTION 2.05. Prepayments.

(a) Optional.

(i) The Borrower may, upon notice to the Administrative Agent, at any time or from time to
time voluntarily prepay Term Loans of any Class and Revolving Credit Loans in whole or in part
without premium or penalty; provided that (1) such notice must be received by the Administrative
Agent not later than 12:00 noon (A) three (3) Business Days prior to any date of prepayment of
LIBOR Loans and (B) on the date of prepayment of Base Rate Loans; (2) any prepayment of LIBOR Loans
shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof; (3)
any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of
$100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then
outstanding and (4) prior to the repayment in full of the Term B Loans, no prepayment of Term Loans
of any other Class shall be permitted pursuant to this Section 2.05(a)(i) unless accompanied by a
proportionate repayment of Term B Loans. Each such notice shall specify the date and amount of
such prepayment and the Class(es) and
Type(s) of Loans to be prepaid and the payment amount specified in such notice shall be due
and payable on the date specified therein. The Administrative Agent will promptly notify each
Appropriate Lender of its receipt of each such notice, and of the amount of such Lender’s Pro Rata
Share of such prepayment. Any prepayment of a LIBOR Loan shall be accompanied by all accrued and
unpaid interest thereon, together with any additional amounts required pursuant to Section 3.05.
Each prepayment of the Loans pursuant to this Section 2.05(a) shall be paid to applicable Lenders
on a pro rata basis in accordance with the respective amounts of the applicable Class of Loans held
by each Lender.

 

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(ii) The Borrower may, upon notice to the Swing Line Lender (with a copy to the Administrative
Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part
without premium or penalty; provided that (1) such notice must be received by the Swing Line Lender
and the Administrative Agent not later than 1:00 p.m. on the date of the prepayment, and (2) any
such prepayment shall be in a minimum principal amount of $100,000 or a whole multiple of $25,000
in excess thereof or, if less, the entire principal amount thereof then outstanding. Each such
notice shall specify the date and amount of such prepayment and the payment amount specified in
such notice shall be due and payable on the date specified therein.

(iii) Notwithstanding anything to the contrary contained in this Agreement, the Borrower may
rescind any notice of prepayment under Section 2.05(a)(i) or 2.05(a)(ii) if such prepayment would
have resulted from a refinancing of all of the Facilities and such refinancing is not consummated
or is delayed.

(iv) Voluntary prepayments of Term Loans permitted hereunder shall be applied to the remaining
scheduled installments of principal thereof pursuant to Section 2.07(a) in a manner determined at
the discretion of the Borrower and specified in the notice of prepayment (and absent such
direction, in direct order of maturity).

(v) Notwithstanding anything in any Loan Document to the contrary, so long as (x) no Default
or Event of Default has occurred and is continuing and (y) no proceeds from Revolving Credit Loans
or Swing Line Loans are applied to any payment pursuant to this Section 2.05(a)(v), the Borrower
may prepay the outstanding Loans (which shall, for the avoidance of doubt, be automatically and
permanently canceled immediately upon acquisition by the Borrower) (or Holdings or any of its
Subsidiaries may purchase such outstanding Loans and immediately cancel them) on the following
basis:

(A) Any Loan Party shall have the right to make a voluntary prepayment of Term Loans at
a discount to par pursuant to a Borrower Offer of Specified Discount Prepayment, Borrower
Solicitation of Discount Range Prepayment Offers or Borrower Solicitation of Discounted
Prepayment Offers (any such prepayment, the “Discounted Loan Prepayment”), in each case made
in accordance with this Section 2.05(a)(v); provided that no Loan Party shall initiate any
action under this Section 2.05(a)(v) in order to make a Discounted Loan Prepayment unless
(I) at least ten (10) Business Days shall have passed since the consummation of the most
recent Discounted Loan Prepayment as a result of a prepayment made by a Loan Party on the
applicable Discounted Prepayment Effective Date; or (II) at least three (3) Business Days
shall have passed since the date the Loan Party was notified that no Lender was willing to
accept any prepayment of any Loan at the Specified Discount, within the Discount Range or at
any discount to par value, as applicable, or in the case of Borrower Solicitation of
Discounted Prepayment Offers, the date of any Loan Party’s election not to accept any
Solicited Discounted Prepayment Offers.

 

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(B) (1) Subject to the proviso to subsection (A) above, any Loan Party may from time to
time offer to make a Discounted Loan Prepayment by providing notice to the Auction Agent in
the form of a Specified Discount Prepayment Notice; provided that (I) any such offer
shall be made available, at the sole discretion of the Loan Party, to (x) each Term
Lender and/or (y) each Term Lender with respect to any Class of Term Loans, (II) any such
offer shall specify the aggregate principal amount offered to be prepaid (the “Specified
Discount Prepayment Amount”) with respect to each applicable Class of Term Loans subject to
such offer and the specific percentage discount to par (the “Specified Discount”) of such
Loans to be prepaid (it being understood that different Specified Discounts and/or Specified
Discount Prepayment Amounts may be offered with respect to different Classes of Term Loans
and, in such event, each such offer will be treated as a separate offer pursuant to the
terms of this Section), (III) the Specified Discount Prepayment Amount shall be in an
aggregate amount not less than $10,000,000 and whole increments of $1,000,000 in excess
thereof and (IV) each such offer shall remain outstanding through the Specified Discount
Prepayment Response Date. The Auction Agent will promptly provide each Appropriate Lender
with a copy of such Specified Discount Prepayment Notice and a form of the Specified
Discount Prepayment Response to be completed and returned by each such Lender to the Auction
Agent (or its delegate) by no later than 5:00 p.m., New York time, on the third Business Day
after the date of delivery of such notice to such Lenders (the “Specified Discount
Prepayment Response Date”).

(2) Each Lender receiving such offer shall notify the Auction Agent (or its delegate)
by the Specified Discount Prepayment Response Date whether or not it agrees to accept a
prepayment of any of its applicable then outstanding Loans at the Specified Discount and, if
so (such accepting Lender, a “Discount Prepayment Accepting Lender”), the amount and the
Class of such Lender’s Term Loans to be prepaid at such offered discount. Each acceptance
of a Discounted Loan Prepayment by a Discount Prepayment Accepting Lender shall be
irrevocable. Any Lender whose Specified Discount Prepayment Response is not received by the
Auction Agent by the Specified Discount Prepayment Response Date shall be deemed to have
declined to accept the applicable Borrower Offer of Specified Discount Prepayment.

(3) If there is at least one Discount Prepayment Accepting Lender, the relevant Loan
Party will make a prepayment of outstanding Term Loans pursuant to this paragraph (B) to
each Discount Prepayment Accepting Lender in accordance with the respective outstanding
amount and Classes of Term Loans specified in such Lender’s Specified Discount Prepayment
Response given pursuant to subsection (2) above; provided that, if the aggregate principal
amount of Term Loans of any Class accepted for prepayment by all Discount Prepayment
Accepting Lenders exceeds the Specified Discount Prepayment Amount for such Class, such
prepayment shall be made pro rata among the Discount Prepayment Accepting Lenders in
accordance with the respective principal amounts of Term Loans of the applicable Class
accepted to be prepaid by each such Discount Prepayment Accepting Lender and the Auction
Agent (in consultation with such Loan Party and subject to rounding requirements of the
Auction Agent made in its reasonable discretion) will calculate such proration (the
“Specified Discount Proration”). The Auction Agent shall promptly, and in any case within
three (3) Business Days following the Specified Discount Prepayment Response Date, notify
(I) the relevant Loan Party of the respective Lenders’ responses to such offer, the
Discounted Prepayment Effective Date and the aggregate principal amount of the Discounted
Loan Prepayment and the Class(es) to be prepaid, (II) each Lender of the Discounted
Prepayment Effective Date, and the aggregate principal amount and the Classes of Loans to be
prepaid at the Specified Discount on such date and (III) each Discount Prepayment Accepting
Lender of the Specified Discount Proration, if any, and confirmation of the principal
amount, Class and Type of Loans of such Lender to be prepaid at the Specified Discount on
such date. Each determination by the Auction Agent of the amounts stated in the foregoing
notices to the Loan Party and such Lenders shall be conclusive and binding for all purposes
absent manifest error and the Administrative Agent may conclusively rely on any such
determination and shall have no liability in connection therewith. The payment amount
specified in such notice to the
Loan Party shall be due and payable by such Loan Party on the Discounted Prepayment
Effective Date in accordance with subsection (F) below (subject to subsection (J) below).

 

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(C) (1) Subject to the proviso to subsection (A) above, any Loan Party may from time
to time solicit Discount Range Prepayment Offers by providing notice to the Auction Agent in
the form of a Discount Range Prepayment Notice; provided that (I) any such solicitation
shall be extended, at the sole discretion of such Loan Party, to (x) each Lender and/or (y)
each Lender with respect to any Class of Term Loans on an individual Class basis, (II) any
such notice shall specify the maximum aggregate principal amount of the relevant Term Loans
(the “Discount Range Prepayment Amount”), the Class or Classes of Term Loans subject to such
offer and the maximum and minimum percentage discounts to par (the “Discount Range”) of the
principal amount of such Term Loans with respect to each relevant Class of Term Loans
willing to be prepaid by such Loan Party (it being understood that different Discount Ranges
and/or Discount Range Prepayment Amounts may be offered with respect to different Classes of
Term Loans and, in such event, each such offer will be treated as separate offer pursuant to
the terms of this Section), (III) the Discount Range Prepayment Amount shall be in an
aggregate amount not less than $10,000,000 and whole increments of $1,000,000 in excess
thereof and (IV) each such solicitation by the Borrower shall remain outstanding through the
Discount Range Prepayment Response Date. The Auction Agent will promptly provide each
Appropriate Lender with a copy of such Discount Range Prepayment Notice and a form of the
Discount Range Prepayment Offer to be submitted by a responding Lender to the Auction Agent
(or its delegate) by no later than 5:00 p.m., New York time, on the third Business Day after
the date of delivery of such notice to such Lenders (the “Discount Range Prepayment Response
Date”). Each Lender’s Discount Range Prepayment Offer shall be irrevocable and shall
specify a discount to par within the Discount Range (the “Submitted Discount”) at which such
Lender is willing to allow prepayment of any or all of its then outstanding Term Loans of
the applicable Class or Classes and the maximum aggregate principal amount and Classes of
such Lender’s Term Loans (the “Submitted Amount”) such Lender is willing to have prepaid at
the Submitted Discount. Any Lender whose Discount Range Prepayment Offer is not received by
the Auction Agent by the Discount Range Prepayment Response Date shall be deemed to have
declined to accept a Discounted Loan Prepayment of any of its Loans at any discount to their
par value within the Discount Range.

(2) The Auction Agent shall review all Discount Range Prepayment Offers received on or
before the applicable Discount Range Prepayment Response Date and shall determine (in
consultation with such Loan Party and subject to rounding requirements of the Auction Agent
made in its sole reasonable discretion) the Applicable Discount and Term Loans to be prepaid
at such Applicable Discount in accordance with this subsection (C). The relevant Loan Party
will be deemed to have accepted all Discount Range Prepayment Offers received by Auction
Agent by the Discount Range Prepayment Response Date, in the order from the Submitted
Discount that is the largest discount to par to the Submitted Discount that is the smallest
discount to par, up to and including the Submitted Discount that is the smallest discount to
par within the Discount Range (such Submitted Discount that is the smallest discount to par
within the Discount Range being referred to as the “Applicable Discount”) which yields a
Discounted Loan Prepayment in an aggregate principal amount equal to the lower of (I) the
Discount Range Prepayment Amount and (II) the sum of all Submitted Amounts. Each Lender
that has submitted a Discount Range Prepayment Offer to accept prepayment at a discount to
par that is larger than or equal to the Applicable Discount shall be deemed to have
irrevocably consented to prepayment of Term Loans equal to its Submitted Amount (subject to
any required proration pursuant to the following subsection (3)) at the Applicable Discount
(each such Lender, a “Participating Lender”).

 

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(3) If there is at least one Participating Lender, the relevant Loan Party will prepay
the respective outstanding Term Loans of each Participating Lender in the aggregate
principal amount and of the Classes specified in such Lender’s Discount Range Prepayment
Offer at the Applicable Discount; provided that if the Submitted Amount by all Participating
Lenders offered at a discount to par equal to or greater than the Applicable Discount
exceeds the Discount Range Prepayment Amount, prepayment of the principal amount of the
relevant Term Loans for those Participating Lenders whose Submitted Discount is a discount
to par equal to or greater than the Applicable Discount (the “Identified Participating
Lenders”) shall be made pro rata among the Identified Participating Lenders in accordance
with the Submitted Amount of each such Identified Participating Lender and the Auction Agent
(in consultation with such Loan Party and subject to rounding requirements of the Auction
Agent made in its sole reasonable discretion) will calculate such proration (the “Discount
Range Proration”). The Auction Agent shall promptly, and in any case within three (3)
Business Days following the Discount Range Prepayment Response Date, notify (I) the relevant
Loan Party of the respective Lenders’ responses to such solicitation, the Discounted
Prepayment Effective Date, the Applicable Discount, and the aggregate principal amount of
the Discounted Loan Prepayment and the Classes of Term Loans to be prepaid, (II) each Lender
who made a Discount Range Prepayment Offer of the Discounted Prepayment Effective Date, the
Applicable Discount, and the aggregate principal amount and Classes of Term Loans to be
prepaid at the Applicable Discount on such date, (III) each Participating Lender of the
aggregate principal amount and Classes of Term Loans of such Lender to be prepaid at the
Applicable Discount on such date, and (IV) if applicable, each Identified Participating
Lender of the Discount Range Proration. Each determination by the Auction Agent of the
amounts stated in the foregoing notices to the relevant Loan Party and Lenders shall be
conclusive and binding for all purposes absent manifest error. The payment amount specified
in such notice to the Loan Party shall be due and payable by such Loan Party on the
Discounted Prepayment Effective Date in accordance with subsection (F) below (subject to
subsection (J) below).

(D) (1) Subject to the proviso to subsection (A) above, any Loan Party may from time
to time solicit Solicited Discounted Prepayment Offers by providing notice to the Auction
Agent in the form of a Solicited Discounted Prepayment Notice; provided that (I) any such
solicitation shall be extended, at the sole discretion of such Loan Party, to (x) each
Lender and/or (y) each Lender with respect to any Class of Loans on an individual Class
basis, (II) any such notice shall specify the maximum aggregate amount of the Term Loans
(the “Solicited Discounted Prepayment Amount”) and the Class or Classes of Term Loans the
Borrower is willing to prepay at a discount (it being understood that different Solicited
Discounted Prepayment Amounts may be offered with respect to different Classes of Term Loans
and, in such event, each such offer will be treated as separate offer pursuant to the terms
of this Section), (III) the Solicited Discounted Prepayment Amount shall be in an aggregate
amount not less than $10,000,000 and whole increments of $1,000,000 in excess thereof and
(IV) each such solicitation by the Borrower shall remain outstanding through the Solicited
Discounted Prepayment Response Date. The Auction Agent will promptly provide each
Appropriate Lender with a copy of such Solicited Discounted Prepayment Notice and a form of
the Solicited Discounted Prepayment Offer to be submitted by a responding Lender to the
Auction Agent (or its delegate) by no later than 5:00 p.m., New York time on the third
Business Day after the date of delivery of such notice to such Lenders (the “Solicited
Discounted Prepayment Response Date”). Each Lender’s Solicited Discounted Prepayment Offer
shall (x) be irrevocable, (y) remain outstanding until the Acceptance Date, and (z) specify
both a discount to par (the “Offered Discount”) at which such Lender is willing to allow
prepayment of its then outstanding Term Loans of the applicable Class and the maximum
aggregate principal amount and Class of such Term Loans (the “Offered Amount”) such Lender
is willing to have prepaid at the Offered Discount. Any Lender whose Solicited Discounted
Prepayment Offer is not received by the Auction Agent by the Solicited Discounted Prepayment Response Date shall be deemed to have declined prepayment of any of its Term
Loans at any discount.

 

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(2) The Auction Agent shall promptly provide the relevant Loan Party with a copy of all
Solicited Discounted Prepayment Offers received on or before the Solicited Discounted
Prepayment Response Date. Such Loan Party shall review all such Solicited Discounted
Prepayment Offers and select the smallest of the Offered Discounts specified by the relevant
responding Lenders in the Solicited Discounted Prepayment Offers that is acceptable to such
Loan Party (the “Acceptable Discount”), if any. If the Loan Party elects to accept any
Offered Discount as the Acceptable Discount, then as soon as practicable after the
determination of the Acceptable Discount, but in no event later than the third Business Day
after the date of receipt by such Loan Party from the Auction Agent of a copy of all
Solicited Discounted Prepayment Offers pursuant to the first sentence of this subsection (2)
(the “Acceptance Date”), the Loan Party shall submit an Acceptance and Prepayment Notice to
the Auction Agent setting forth the Acceptable Discount. If the Auction Agent shall fail to
receive an Acceptance and Prepayment Notice from the Loan Party by the Acceptance Date, such
Loan Party shall be deemed to have rejected all Solicited Discounted Prepayment Offers.

(3) Based upon the Acceptable Discount and the Solicited Discounted Prepayment Offers
received by Auction Agent by the Solicited Discounted Prepayment Response Date, within three
(3) Business Days after receipt of an Acceptance and Prepayment Notice (the “Discounted
Prepayment Determination Date”), the Auction Agent will determine (in consultation with such
Loan Party and subject to rounding requirements of the Auction Agent made in its sole
reasonable discretion) the aggregate principal amount and the Classes of Term Loans (the
“Acceptable Prepayment Amount”) to be prepaid by the relevant Loan Party at the Acceptable
Discount in accordance with this Section 2.05(a)(v)(D). If the Loan Party elects to accept
any Acceptable Discount, then the Loan Party agrees to accept all Solicited Discounted
Prepayment Offers received by Auction Agent by the Solicited Discounted Prepayment Response
Date, in the order from largest Offered Discount to smallest Offered Discount, up to and
including the Acceptable Discount. Each Lender that has submitted a Solicited Discounted
Prepayment Offer with an Offered Discount that is greater than or equal to the Acceptable
Discount shall be deemed to have irrevocably consented to prepayment of Loans equal to its
Offered Amount (subject to any required pro rata reduction pursuant to the following
sentence) at the Acceptable Discount (each such Lender, a “Qualifying Lender”). The Loan
Party will prepay outstanding Term Loans pursuant to this subsection (D) to each Qualifying
Lender in the aggregate principal amount and of the Classes specified in such Lender’s
Solicited Discounted Prepayment Offer at the Acceptable Discount; provided that if the
aggregate Offered Amount by all Qualifying Lenders whose Offered Discount is greater than or
equal to the Acceptable Discount exceeds the Solicited Discounted Prepayment Amount,
prepayment of the principal amount of the Loans for those Qualifying Lenders whose Offered
Discount is greater than or equal to the Acceptable Discount (the “Identified Qualifying
Lenders”) shall be made pro rata among the Identified Qualifying Lenders in accordance with
the Offered Amount of each such Identified Qualifying Lender and the Auction Agent (in
consultation with such Loan Party and subject to rounding requirements of the Auction Agent
made in its sole reasonable discretion) will calculate such proration (the “Solicited
Discount Proration”). On or prior to the Discounted Prepayment Determination Date, the
Auction Agent shall promptly notify (I) the relevant Loan Party of the Discounted Prepayment
Effective Date and Acceptable Prepayment Amount comprising the Discounted Loan Prepayment
and the Classes to be prepaid, (II) each Lender who made a Solicited Discount Prepayment
Offer of the Discounted Prepayment Effective Date, the Acceptable Discount, and the
Acceptable Prepayment Amount of all Loans and the Classes to be prepaid at the Applicable
Discount on such date, (III) each Qualifying Lender of the aggregate principal amount and
the Classes of such Lender to be
prepaid at the Acceptable Discount on such date, and (IV) if applicable, each
Identified Qualifying Lender of the Solicited Discount Proration. Each determination by the
Auction Agent of the amounts stated in the foregoing notices to such Loan Party and Lenders
shall be conclusive and binding for all purposes absent manifest error. The payment amount
specified in such notice to such Loan Party shall be due and payable by such Loan Party on
the Discounted Prepayment Effective Date in accordance with subsection (F) below (subject to
subsection (J) below).

 

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(E) In connection with any Discounted Loan Prepayment, the Loan Parties and the Lenders
acknowledge and agree that the Auction Agent may require as a condition to any Discounted
Loan Prepayment, the payment of reasonable and customary fees and expenses from a Loan Party
in connection therewith.

(F) If any Term Loan is prepaid in accordance with paragraphs (B) through (D) above, a
Loan Party shall prepay such Term Loans on the Discounted Prepayment Effective Date. The
relevant Loan Party shall make such prepayment to the Administrative Agent, for the account
of the Discount Prepayment Accepting Lenders, Participating Lenders, or Qualifying Lenders,
as applicable, at the Administrative Agent’s Office in immediately available funds not later
than 11:00 a.m. (New York time) on the Discounted Prepayment Effective Date and all such
prepayments shall be applied to the remaining principal installments of the relevant Class
of Term Loans on a pro rata basis across such installments. The Loans so prepaid shall be
accompanied by all accrued and unpaid interest on the par principal amount so prepaid up to,
but not including, the Discounted Prepayment Effective Date. Each prepayment of the
outstanding Loans pursuant to this Section 2.05(a)(v) shall be paid to the Discount
Prepayment Accepting Lenders, Participating Lenders, or Qualifying Lenders, as applicable,
and shall be applied to the relevant Loans of such Lenders in accordance with their
respective Pro Rata Share. The aggregate principal amount of the Classes and installments
of the relevant Loans outstanding shall be deemed reduced in by the full par value of the
aggregate principal amount of the Classes of Term Loans prepaid on the Discounted Prepayment
Effective Date in any Discounted Loan Prepayment. In connection with each prepayment
pursuant to this Section 2.05(a)(v), the relevant Loan Party shall make a representation to
the Lenders that it does not possess material non-public information with respect to
Holdings and its Subsidiaries or the securities of any of them that has not been disclosed
to the Lenders generally (other than Lenders who elect not to receive such information).

(G) To the extent not expressly provided for herein, each Discounted Loan Prepayment
shall be consummated pursuant to procedures consistent with the provisions in this Section
2.05(a)(v), established by the Auction Agent acting in its reasonable discretion and as
reasonably agreed by the Borrower.

(H) Notwithstanding anything in any Loan Document to the contrary, for purposes of this
Section 2.05(a)(v), each notice or other communication required to be delivered or otherwise
provided to the Auction Agent (or its delegate) shall be deemed to have been given upon
Auction Agent’s (or its delegate’s) actual receipt during normal business hours of such
notice or communication; provided that any notice or communication actually received outside
of normal business hours shall be deemed to have been given as of the opening of business on
the next Business Day.

(I) Each of the Loan Parties and the Lenders acknowledge and agree that the Auction
Agent may perform any and all of its duties under this Section 2.05(a)(v) by itself or
through any Affiliate of the Auction Agent and expressly consents to any such delegation of
duties by the Auction Agent to such Affiliate and the performance of such delegated duties
by such Affiliate. The exculpatory provisions pursuant to this Agreement shall apply to
each Affiliate of the Auction Agent and its respective activities in connection with any Discounted Loan
Prepayment provided for in this Section 2.05(a)(v) as well as activities of the Auction
Agent.

 

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(J) Each Loan Party shall have the right, by written notice to the Auction Agent, to
revoke in full (but not in part) its offer to make a Discounted Loan Prepayment and rescind
the applicable Specified Discount Prepayment Notice, Discount Range Prepayment Notice or
Solicited Discounted Prepayment Notice therefor at its discretion at any time on or prior to
the applicable Specified Discount Prepayment Response Date, Discount Range Response Date or
Solicited Discounted Prepayment Response Date, as applicable (and if such offer is revoked
pursuant to the preceding clauses, any failure by such Loan Party to make any prepayment to
a Lender, as applicable, pursuant to this Section 2.05(a)(v) shall not constitute a Default
or Event of Default under Section 8.01 or otherwise).

(b) Mandatory.

(i) Within five (5) Business Days after the applicable Compliance Certificate has been
delivered pursuant to Section 6.02(a), the Borrower shall offer to prepay, subject to clause
(b)(vi) of this Section 2.05, an aggregate principal amount of Term Loans equal to (A) 50% (such
percentage as it may be reduced as described below, the “ECF Percentage”) of Excess Cash Flow, if
any, for the fiscal year covered by such financial statements (commencing with the fiscal year
ended September 30, 2012) minus (B) the sum of (i) all voluntary prepayments of Term Loans
during such fiscal year pursuant to Section 2.05(a)(i) and (ii) all voluntary prepayments of
Revolving Credit Loans during such fiscal year to the extent the Revolving Credit Commitments are
permanently reduced by the amount of such payments, in the case of each of the immediately
preceding clauses (i) and (ii), to the extent such prepayments are not funded with the proceeds of
Indebtedness; provided that (x) the ECF Percentage shall be 25% if the Senior Secured Leverage
Ratio as of the end of the fiscal year covered by such financial statements was less than 2.25 to
1.00 and greater than or equal to 1.75 to 1.00 and (y) the ECF Percentage shall be 0% if the Senior
Secured Leverage Ratio as of the end of the fiscal year covered by such financial statements was
less than 1.75 to 1.00.

(ii) (A) If (1)(x) the Borrower or any of its Restricted Subsidiaries Disposes of any
property or assets (other than any Disposition of any property or assets permitted by Section
7.05(a), (b), (c), (d) (to the extent constituting a Disposition to a Loan Party), (e), (g), (h),
(k), (l) or (o)) or (y) any Casualty Event occurs, which results in the realization or receipt by
the Borrower or such Restricted Subsidiary of Net Cash Proceeds and (2) the Senior Secured Leverage
Ratio as of the end of the Test Period immediately preceding such Disposition or Casualty Event is
greater than 2.00 to 1.00 (calculated on a Pro Forma Basis), the Borrower shall offer to prepay on
or prior to the date which is ten (10) Business Days after the date of the realization or receipt
of such Net Cash Proceeds, subject to clause (b)(vi) of this Section 2.05, an aggregate principal
amount of Term Loans equal to 100% (such percentage as it may be reduced as described below, the
“Disposition Prepayment Percentage”) of all Net Cash Proceeds realized or received (or, at the
option of the Borrower, use such Net Cash Proceeds to prepay Revolving Credit Loans, Cash
Collateralize outstanding L/C Obligations and permanently reduce outstanding Revolving Credit
Commitments); provided that (x) the Disposition Prepayment Percentage shall be 75% if the Senior
Secured Leverage Ratio as of the end of the Test Period immediately preceding such Disposition or
Casualty Event was less or equal to 2.00 to 1.00 and greater than 1.50 to 1.00 and (y) the
Disposition Prepayment Percentage shall be 0% if the Senior Secured Leverage Ratio as of the end of
the Test Period immediately preceding such Disposition or Casualty Event was less than 1.50 to
1.00; and provided, further that:

	 	(1)	 	no prepayment shall be required pursuant to this Section
2.05(b)(ii)(A) with respect to such portion of such Net Cash Proceeds that the
Borrower shall have, on
or prior to such date, given written notice to the Administrative Agent of
its intent to reinvest in accordance with Section 2.05(b)(ii)(B) (which
notice may be provided only if no Event of Default under Section 8.01(a) or
Section 8.01(f) has occurred and is then continuing);

 

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	 	(2)	 	with respect to Net Cash Proceeds received by the Borrower or
any Restricted Subsidiary in connection with a Disposition in the form of an
exchange of like property pursuant to Section 7.05(n), no prepayment shall be
required so long as (A) no Event of Default has occurred and is then continuing
and (B) the aggregate amount of such Net Cash Proceeds not applied pursuant to
this clause (2) does not exceed $100,000,000 in the aggregate (and thereafter
only Net Cash Proceeds in excess of such amount shall be required to be so
applied); and

	 	(3)	 	with respect to Net Cash Proceeds received by the Borrower or
any Restricted Subsidiary in connection with any Disposition other than
pursuant to Section 7.05(n), no prepayment shall be required so long as (A) no
Event of Default has occurred and is then continuing and (B) the aggregate
amount of such Net Cash Proceeds not applied pursuant to this clause (3) does
not exceed (x) with respect to Net Cash Proceeds received in connection with
the sale or issuance of Equity Interests in Restricted Subsidiaries to Hospital
Investment Program Participants (“Syndication Proceeds”) pursuant to Section
7.05(r), $40,000,000 per fiscal year (and thereafter only Net Cash Proceeds in
excess of such amount shall be required to be so applied) and (y) with respect
to all other Net Cash Proceeds received in connection with Dispositions
(including Syndication Proceeds in excess of $40,000,000 per fiscal year),
$75,000,000 per fiscal year (and thereafter only Net Cash Proceeds in excess of
such amount shall be required to be so applied).

(B) With respect to any Net Cash Proceeds realized or received with respect to any Disposition
(other than any Disposition specifically excluded from the application of Section 2.05(b)(ii)(A))
or any Casualty Event, at the option of the Borrower, the Borrower may reinvest all or any portion
of such Net Cash Proceeds in assets useful for its business within (x) twenty-four (24) months
following receipt of such Net Cash Proceeds if such reinvestment relates a Greenfield Construction
Project, (y) twelve (12) months following receipt of such Net Cash Proceeds for any other purpose
or (z) thirty-six (36) months following receipt of such Net Cash Proceeds if the Borrower enters
into a legally binding commitment to reinvest such Net Cash Proceeds within the time periods set
forth in sub-clauses (x) or (y) above; provided that if any portion of such Net Cash Proceeds has
not been so reinvested within the time periods set forth in sub-clauses (x), (y) or (z) above,
subject to clause (b)(vi) of this Section 2.05, an amount equal to any such Net Cash Proceeds shall
be applied within five (5) Business Days after the last day of such period to the prepayment of the
Term Loans (or, at the option of the Borrower, to the prepayment of the Revolving Credit Loans, to
Cash Collateralize outstanding L/C Obligations and to permanently reduce outstanding Revolving
Credit Commitments) as set forth in this Section 2.05.

(iii) If the Borrower or any Restricted Subsidiary incurs any Refinancing Incremental Term
Loans or Refinancing Notes, the Borrower shall prepay an aggregate principal amount of Term Loans
equal to 100% of all Net Cash Proceeds received therefrom on or prior to the date which is five (5)
Business Days after the receipt of such Net Cash Proceeds.

(iv) If for any reason the aggregate Revolving Credit Exposures at any time exceeds the
aggregate Revolving Credit Commitments then in effect, the Borrower shall immediately prepay
Revolving Credit Loans and Swing Line Loans and/or Cash Collateralize the L/C Obligations in an
aggregate amount equal to such excess; provided that the Borrower shall not be required to Cash
Collateralize
the L/C Obligations pursuant to this Section 2.05(b)(iv) unless after the prepayment in full
of the Revolving Credit Loans and Swing Line Loans, such aggregate Revolving Credit Exposure
exceeds the aggregate Revolving Credit Commitments then in effect.

 

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(v) (X) Each prepayment of Term Loans pursuant to subclauses (i), (ii), (iii) or (iv) of this
Section 2.05(b) shall be applied (A) to the Term Loans of each Class on a pro rata basis based on
the respective amounts of Term Loans of each Class (except to the extent that any Class of Term
Loans established pursuant to any Additional Credit Extension Amendment is entitled to receive a
lesser share of any such prepayment pursuant to the terms of any Additional Credit Extension
Amendment) and to the remaining scheduled installments of principal thereof pursuant to Section
2.07(a) or (d), as applicable, in a manner determined at the discretion of the Borrower and
specified to the Administrative Agent; and (Y) each such prepayment shall be paid to the Term
Lenders of each Class on a pro rata basis in accordance with their respective holdings of Term
Loans of such Class subject to clause (vi) of this Section 2.05(b).

(vi) The Borrower shall notify the Administrative Agent in writing of any mandatory prepayment
of Term Loans required to be made pursuant to clauses (i) or (ii) of this Section 2.05(b) at least
three (3) Business Days prior to the date of such prepayment. Each such notice shall specify the
date of such prepayment and provide a reasonably detailed calculation of the amount of such
prepayment. The Administrative Agent will promptly notify each applicable Lender of the contents
of the Borrower’s prepayment notice and of such Lender’s share of the prepayment (as determined
pursuant to clause (v) above). Each Lender may reject all or a portion of its share of any
mandatory prepayment (such declined amounts, the “Declined Proceeds”) of Term Loans required to be
made pursuant to clauses (i) or (ii) of this Section 2.05(b) by providing written notice (each, a
“Rejection Notice”) to the Administrative Agent and the Borrower no later than 5:00 p.m. (New York
time) one Business Day after the date of such Lender’s receipt of notice from the Administrative
Agent regarding such prepayment. Each Rejection Notice from a given Lender shall specify the
principal amount of the mandatory repayment of Term Loans to be rejected by such Lender. If a
Lender fails to deliver a Rejection Notice to the Administrative Agent within the time frame
specified above or such Rejection Notice fails to specify the principal amount of the Term Loans to
be rejected, any such failure will be deemed an acceptance of the total amount of such mandatory
prepayment of Term Loans. Any Declined Proceeds shall be offered to the Lenders with the Class(es)
of Term Loans not so declining such prepayment on a pro rata basis in accordance with their
respective principal amounts of such Term Loans (with such non-declining Lenders having the right
to decline any prepayment with Declined Proceeds at the time and in the manner specified by the
Administrative Agent). To the extent such non-declining Lenders elect to decline their pro rata
share of such Declined Proceeds, any Declined Proceeds remaining thereafter shall be retained by
the Borrower (“Retained Declined Proceeds”).

(vii) The Borrower shall prepay all Existing Loans that are not Converted Term Loans on the
Closing Date together with all accrued interest and fees owing under the Existing Credit Agreement
(including in respect of Converted Term Loans). For the avoidance of doubt, no amount shall be
payable under Section 3.05 in respect of the principal amount of any Converted Term Loans as a
result of their conversion into Term B Loans.

(c) Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be
accompanied by all accrued and unpaid interest thereon, together with, in the case of any such
prepayment of a LIBOR Loan on a date other than the last day of an Interest Period therefor, any
amounts owing in respect of such LIBOR Loan pursuant to Section 3.05.

 

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Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of
Default shall have occurred and be continuing, if any prepayment of LIBOR Loans is required to be
made under this Section 2.05 prior to the last day of the Interest Period therefor, in lieu of
making any payment
pursuant to this Section 2.05 in respect of any such LIBOR Loan prior to the last day of the
Interest Period therefor, the Borrower may, in its sole discretion, deposit the amount of any such
prepayment otherwise required to be made thereunder into a Cash Collateral Account until the last
day of such Interest Period, at which time the Administrative Agent shall be authorized (without
any further action by or notice to or from the Borrower or any other Loan Party) to apply such
amount to the prepayment of such Loans in accordance with this Section 2.05. Upon the occurrence
and during the continuance of any Event of Default, the Administrative Agent shall also be
authorized (without any further action by or notice to or from the Borrower or any other Loan
Party) to apply such amount to the prepayment of the outstanding Loans in accordance with the
relevant provisions of this Section 2.05.

SECTION 2.06. Termination or Reduction of Commitments.

(a) Optional. The Borrower may, upon written notice to the Administrative Agent, terminate
the unused Commitments of any Class, or from time to time permanently reduce the unused Commitments
of any Class, in each case without premium or penalty; provided that (i) any such notice shall be
received by the Administrative Agent one (1) Business Day prior to the date of termination or
reduction, (ii) any such partial reduction shall be in an aggregate amount of $500,000 or any whole
multiple of $100,000 in excess thereof and (iii) if, after giving effect to any reduction of the
Commitments, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the
Revolving Credit Facility, such sublimit shall be automatically reduced by the amount of such
excess. Notwithstanding the foregoing, the Borrower may rescind or postpone any notice of
termination of the Commitments if such termination would have resulted from a refinancing of all of
the Facilities and such refinancing is not consummated or is delayed.

(b) Mandatory. The Additional Term B Commitment of each Term Lender shall be automatically
and permanently reduced to $0 upon the earlier of (i) the making of such Term Lender’s Term B Loans
pursuant to Section 2.01(a) and (ii) 5:00 p.m. on the Closing Date. The Revolving Credit
Commitments shall terminate on the applicable Maturity Date. All Commitments (under and as defined
in the Existing Credit Agreement) shall automatically terminate upon the effectiveness of this
Agreement on the Closing Date. On the Closing Date, the Administrative Agent shall return to the
Synthetic L/C Lenders (under and as defined in the Existing Credit Agreement), from the
Credit-Linked Deposit Account (as defined in the Existing Credit Agreement) in accordance with
their respective Synthetic L/C Pro Rata Shares (as defined in the Existing Credit Agreement), an
amount equal to the amount of the Credit-Linked Deposits (as defined in the Existing Credit
Agreement).

(c) Application of Revolving Credit Commitment Reductions; Payment of Fees. Upon any
reduction of unused Revolving Credit Commitments, the Revolving Credit Commitment of each Lender
shall be reduced by such Lender’s Pro Rata Share of the amount by which the Revolving Credit
Commitments are reduced (other than the termination of the Commitment of any Lender as provided in
Section 2.16(c)). All commitment fees accrued until the effective date of any termination of the
Revolving Credit Commitments shall be paid on the effective date of such termination.

SECTION 2.07. Repayment of Loans.

(a) Term B Loans. The Borrower shall repay to the Administrative Agent for the ratable
account of the Term Lenders with Term B Loans (i) on the last Business Day of each March, June,
September and December, commencing with the last Business Day of June 2011, an aggregate principal
amount equal to 0.25% of the aggregate principal amount of all Term B Loans outstanding on the
Closing Date (which payments shall be reduced as a result of the application of prepayments as
directed by the
Borrower pursuant to Section 2.05) and (ii) on the Maturity Date for the Term B Loans, the
aggregate principal amount of all Term B Loans outstanding on such date.

 

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(b) Revolving Credit Loans. The Borrower shall repay to the Administrative Agent for the
ratable account of the Appropriate Lenders on the Maturity Date for the Revolving Credit Facility
the aggregate principal amount of all of its Revolving Credit Loans outstanding on such date.

(c) Swing Line Loans. The Borrower shall repay each Swing Line Loan on the Maturity Date for
the Revolving Credit Facility.

(d) Other Term Loans. The Borrower shall repay each Class of Term Loans (other than Term B
Loans) on the dates and in the amounts set forth in the Additional Credit Extension Amendment with
respect to such Term Loans.

SECTION 2.08. Interest.

(a) Subject to the provisions of Section 2.08(b), (i) each LIBOR Loan shall bear interest on
the outstanding principal amount thereof for each Interest Period at a rate per annum equal to
LIBOR for such Interest Period plus the Applicable Rate; (ii) each Base Rate Loan shall bear
interest on the outstanding principal amount thereof from the applicable borrowing date at a rate
per annum equal to the Base Rate plus the Applicable Rate and (iii) each Swing Line Loan shall bear
interest on the outstanding principal amount thereof from the applicable borrowing date at a rate
per annum equal to the Base Rate plus the Applicable Rate for Revolving Credit Loans.

(b) The Borrower shall pay interest on past due amounts hereunder at a fluctuating interest
rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable
Laws. Accrued and unpaid interest on past due amounts (including interest on past due interest)
shall be due and payable upon demand.

(c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date
applicable thereto and at such other times as may be specified herein. Interest hereunder shall be
due and payable in accordance with the terms hereof before and after judgment, and before and after
the commencement of any proceeding under any Debtor Relief Law.

SECTION 2.09. Fees. In addition to certain fees described in Sections 2.03(g) and (h):

(a) Revolving Credit Facility Commitment Fee. With respect to the Revolving Credit
Facility, the Borrower shall pay to the Administrative Agent for the account of each
Revolving Credit Lender in accordance with its Pro Rata Share, a commitment fee equal to the
Applicable Rate with respect to commitment fees times the actual daily amount by which the
aggregate Revolving Credit Commitment exceeds the sum of (A) the Outstanding Amount of
Revolving Credit Loans and (B) the Outstanding Amount of L/C Obligations; provided that any
commitment fee accrued with respect to any of the Revolving Credit Commitments of a
Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender
and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be
a Defaulting Lender except to the extent that such commitment fee shall otherwise have been
due and payable by the Borrower prior to such time; and provided further that no commitment
fee shall accrue on any of the Revolving Credit Commitments of a Defaulting Lender so long
as such Lender shall be a Defaulting Lender. The commitment fees for the Revolving Credit
Facility shall accrue at all times from
the Closing Date until the Maturity Date for the Revolving Credit Facility, including
at any time during which one or more of the conditions in Article IV is not met, and shall
be due and payable quarterly in arrears on the last Business Day of each March, June,
September and December, commencing with the first such date to occur after the Closing Date,
and on the Maturity Date for the Revolving Credit Facility. The commitment fee shall be
calculated quarterly in arrears, and if there is any change in the Applicable Rate during
any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate
separately for each period during such quarter that such Applicable Rate was in effect.

 

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(b) Other Fees. The Borrower shall pay to the Agents such fees as shall have been
separately agreed upon in writing in the amounts and at the times so specified. Such fees
shall be fully earned when paid and shall not be refundable for any reason whatsoever
(except as expressly agreed between the Borrower and the applicable Agent).

SECTION 2.10. Computation of Interest and Fees. All computations of interest for Base Rate Loans shall be made on the basis of a year of
three hundred and sixty-five (365) days or three hundred and sixty-six (366) days, as applicable,
and actual days elapsed. All other computations of fees and interest shall be made on the basis of
a three hundred and sixty (360) day year and actual days elapsed. Interest shall accrue on each
Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof,
for the day on which the Loan or such portion is paid; provided that any Loan that is repaid on the
same day on which it is made shall, subject to Section 2.12(a), bear interest for one (1) day.
Each determination by the Administrative Agent of an interest rate or fee hereunder shall be
presumed correct for all purposes, absent manifest error.

SECTION 2.11. Evidence of Indebtedness.

(a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or
records maintained by such Lender and evidenced by one or more entries in the Register maintained
by the Administrative Agent, acting solely for purposes of Treasury Regulation Section 5f.103-1(c),
as agent for the Borrower, in each case in the ordinary course of business. The accounts or
records maintained by the Administrative Agent and each Lender shall be prima facie evidence absent
manifest error of the amount of the Credit Extensions made by the Lenders to the Borrower and the
interest and payments thereon. Any failure to so record or any error in doing so shall not,
however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing
with respect to the Obligations. In the event of any conflict between the accounts and records
maintained by any Lender and the accounts and records of the Administrative Agent in respect of
such matters, the accounts and records of the Administrative Agent shall control in the absence of
manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrower
shall execute and deliver to such Lender (through the Administrative Agent) a Note payable to such
Lender, which shall evidence such Lender’s Loans in addition to such accounts or records. Each
Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount
and maturity of its Loans and payments with respect thereto.

(b) In addition to the accounts and records referred to in Section 2.11(a), each Lender and
the Administrative Agent shall maintain in accordance with its usual practice accounts or records
and, in the case of the Administrative Agent, entries in the Register, evidencing the purchases and
sales by such Lender of participations in Letters of Credit and Swing Line Loans. In the event of
any conflict between the accounts and records maintained by the Administrative Agent and the
accounts and records of any Lender in respect of such matters, the accounts and records of the
Administrative Agent shall control in the absence of manifest error.

 

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(c) Entries made in good faith by the Administrative Agent in the Register pursuant to
Sections 2.11(a) and (b), and by each Lender in its account or accounts pursuant to Sections
2.11(a) and (b), shall be prima facie evidence of the amount of principal and interest due and
payable or to become due and payable from the Borrower to, in the case of the Register, each Lender
and, in the case of such account or accounts, such Lender, under this Agreement and the other Loan
Documents, absent manifest error; provided that the failure of the Administrative Agent or such
Lender to make an entry, or any finding that an entry is incorrect, in the Register or such account
or accounts shall not limit or otherwise affect the obligations of the Borrower under this
Agreement and the other Loan Documents.

SECTION 2.12. Payments Generally.

(a) All payments to be made by the Borrower shall be made without condition or deduction for
any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein,
all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account
of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office and
in immediately available funds not later than 2:00 p.m. on the date specified herein. The
Administrative Agent will promptly distribute to each Lender its Pro Rata Share (or other
applicable share as provided herein) of such payment in like funds as received by wire transfer to
such Lender’s Lending Office. All payments received by the Administrative Agent after 2:00 p.m.
New York City time shall be deemed received on the next succeeding Business Day and any applicable
interest or fee shall continue to accrue.

(b) If any payment to be made by the Borrower shall come due on a day other than a Business
Day, payment shall be made on the next following Business Day, and such extension of time shall be
reflected in computing interest or fees, as the case may be; provided that, if such extension would
cause payment of interest on or principal of LIBOR Loans to be made in the next succeeding calendar
month, such payment shall be made on the immediately preceding Business Day.

(c) Unless the Borrower or any Lender has notified the Administrative Agent, prior to the date
any payment is required to be made by it to the Administrative Agent hereunder, that the Borrower
or such Lender, as the case may be, will not make such payment, the Administrative Agent may assume
that the Borrower or such Lender, as the case may be, has timely made such payment and may (but
shall not be so required to), in reliance thereon, make available a corresponding amount to the
Person entitled thereto. If and to the extent that such payment was not in fact made to the
Administrative Agent in immediately available funds, then:

(i) if the Borrower failed to make such payment, each Lender shall forthwith on demand
repay to the Administrative Agent the portion of such assumed payment that was made
available to such Lender in immediately available funds, together with interest thereon in
respect of each day from and including the date such amount was made available by the
Administrative Agent to such Lender to the date such amount is repaid to the Administrative
Agent in immediately available funds at the Federal Funds Rate from time to time in effect;
and

(ii) if any Lender failed to make such payment, such Lender shall forthwith on demand
pay to the Administrative Agent the amount thereof in immediately available funds, together
with interest thereon for the period from the date such amount was made available by the
Administrative Agent to the Borrower to the date such amount is recovered by the
Administrative Agent (the “Compensation Period”) at a rate per annum equal to the Federal
Funds Rate from time to time in effect. When such Lender makes payment to the
Administrative Agent (together with all accrued interest thereon), then such payment amount
(excluding the amount of any interest which may have accrued and been paid in respect of
such late payment) shall constitute such
Lender’s Loan included in the applicable Borrowing. If such Lender does not pay such
amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent
may make a demand therefor upon the Borrower, and the Borrower shall pay such amount to the
Administrative Agent, together with interest thereon for the Compensation Period at a rate
per annum equal to the rate of interest applicable to the applicable Borrowing. Nothing
herein shall be deemed to relieve any Lender from its obligation to fulfill its Commitment
or to prejudice any rights that the Administrative Agent or the Borrower may have against
any Lender as a result of any default by such Lender hereunder.

 

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A notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing
under this Section 2.12(c) shall be presumed correct, absent manifest error.

(d) If any Lender makes available to the Administrative Agent funds for any Loan to be made by
such Lender as provided in the foregoing provisions of this Article II, and such funds are not made
available to the Borrower by the Administrative Agent because the conditions to the applicable
Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms
hereof, the Administrative Agent shall return such funds (in like funds as received from such
Lender) to such Lender, without interest.

(e) The obligations of the Lenders hereunder to make Loans and to fund participations in
Letters of Credit and Swing Line Loans are several and not joint. The failure of any Lender to
make any Loan or to fund any such participation on any date required hereunder shall not relieve
any other Lender of its corresponding obligation to do so on such date, and no Lender shall be
responsible for the failure of any other Lender to so make its Loan or purchase its participation.

(f) Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in
any particular place or manner or to constitute a representation by any Lender that it has obtained
or will obtain the funds for any Loan in any particular place or manner.

(g) Whenever any payment received by the Administrative Agent under this Agreement or any of
the other Loan Documents is insufficient to pay in full all amounts due and payable to the
Administrative Agent and the Lenders under or in respect of this Agreement and the other Loan
Documents on any date, such payment shall be distributed by the Administrative Agent and applied by
the Administrative Agent and the Lenders in the order of priority set forth in Section 8.03. If
the Administrative Agent receives funds for application to the Obligations of the Loan Parties
under or in respect of the Loan Documents under circumstances for which the Loan Documents do not
specify the manner in which such funds are to be applied, the Administrative Agent may, but shall
not be obligated to, elect to distribute such funds to each of the Lenders in accordance with such
Lender’s Pro Rata Share of the sum of (a) the Outstanding Amount of all Loans outstanding at such
time and (b) the Outstanding Amount of all L/C Obligations outstanding at such time, in repayment
or prepayment of such of the outstanding Loans or other Obligations then owing to such Lender.

SECTION 2.13. Sharing of Payments. If, other than as expressly provided elsewhere herein, any Lender shall obtain on account
of the Loans made by it, or the participations in L/C Obligations and Swing Line Loans held by it,
any payment (whether voluntary, involuntary, through the exercise of any right of setoff, or
otherwise) in excess of its ratable share (or other share contemplated hereunder) thereof, such
Lender shall immediately (a) notify the Administrative Agent of such fact, and (b) purchase from
the other Lenders such participations in the Loans made by them and/or such subparticipations in
the participations in L/C Obligations or Swing Line Loans held by them, as the case may be, as
shall be necessary to cause such purchasing Lender to share the excess payment in respect of such
Loans or such participations, as the case may be, pro rata with each of them; provided that if all

 

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or any
portion of such  excess payment is thereafter recovered from the purchasing Lender under any of the circumstances
described in Section 10.06 (including pursuant to any settlement entered into by the purchasing
Lender in its discretion), such purchase shall to that extent be rescinded and each other Lender
shall repay to the purchasing Lender the purchase price paid therefor, together with an amount
equal to such paying Lender’s ratable share (according to the proportion of (i) the amount of such
paying Lender’s required repayment to (ii) the total amount so recovered from the purchasing
Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the
total amount so recovered, without further interest thereon. The Borrower agrees that any Lender
so purchasing a participation from another Lender may, to the fullest extent permitted by
applicable Law, exercise all its rights of payment (including the right of setoff, but subject to
Section 10.09) with respect to such participation as fully as if such Lender were the direct
creditor of the Borrower in the amount of such participation. The Administrative Agent will keep
records (which shall be conclusive and binding in the absence of manifest error) of participations
purchased under this Section 2.13 and will in each case notify the Lenders following any such
purchases or repayments. Each Lender that purchases a participation pursuant to this Section 2.13
shall from and after such purchase have the right to give all notices, requests, demands,
directions and other communications under this Agreement with respect to the portion of the
Obligations purchased to the same extent as though the purchasing Lender were the original owner of
the Obligations purchased.

SECTION 2.14. Incremental Credit Extensions.

(a) The Borrower may at any time or from time to time after the Closing Date, by notice to the
Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy to each of
the Lenders), request (a) one or more additional Classes of term loans (the “Incremental Term
Loans”) or (b) one or more increases in the amount of the Revolving Credit Commitments (each such
increase, a “Revolving Commitment Increase”); provided that both at the time of any such request
and upon the effectiveness of any Additional Credit Extension Amendment referred to below (an
“Incremental Effective Date”), no Default or Event of Default shall exist and at the time that any
such Incremental Term Loan is made (and after giving effect thereto) no Default or Event of Default
shall exist. Each Class of Incremental Term Loans shall be in an aggregate principal amount that
is not less than $50,000,000 (provided that such amount may be less than $50,000,000 if such amount
represents all remaining availability under the limit set forth in the next sentence) and each
Revolving Commitment Increase shall be in an aggregate principal amount that is not less than
$25,000,000 (provided that such amount may be less than $25,000,000 if such amount represents all
remaining availability under the limit set forth in the next sentence). Notwithstanding anything
to the contrary herein, (x) the aggregate amount of Revolving Credit Commitments after giving
effect to any Revolving Commitment Increase (and any concurrent reduction in the Revolving Credit
Commitments) shall not exceed the Revolving Credit Commitment Cap and (y) except in the case of
Refinancing Incremental Term Loans, on a Pro Forma Basis and after giving effect to the borrowing
of all such Incremental Term Loans and Revolving Commitment Increases (assuming for such
calculation that any Revolving Commitment Increases are fully drawn), the Senior Secured Leverage
Ratio (excluding from the calculation thereof for this purpose the cash proceeds of the aggregate
amount of Incremental Term Loans that are the subject of such Additional Credit Extension Amendment
and other Indebtedness secured by a Lien permitted by Section 7.01(aa) incurred on such
Incremental Effective Date) for the most recently ended Test Period shall be less than or equal to
3.75 to 1.0. The Incremental Term Loans (a) shall rank pari passu in right of payment and of
security with the then existing Term Loans (including with respect to all provisions of Section
8.03), (b) shall not mature earlier than the Maturity Date with respect to any then outstanding
Term Loans, (c) shall not have a Weighted Average Life to Maturity that is less than the remaining
Weighted Average Life to Maturity of the Class of Term Loans with the longest Weighted Average Life
to Maturity and (d) shall be treated substantially the same as the other then outstanding Term
Loans (in each case, including with respect to mandatory and voluntary prepayments), provided that
(i) the terms and conditions applicable to Incremental Term Loans may be materially different from

 

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those of the Term Loans to the extent such differences are reasonably acceptable  to the Administrative Agent and (ii) the interest rates and
amortization schedule applicable to the Incremental Term Loans shall be determined by the Borrower
and the lenders thereof, subject to the limitation set forth in clause (c) above, provided further,
that in the event that the All-In Yield of any Incremental Term Loans, other than Refinancing
Incremental Term Loans, is more than 50 basis points greater than the All-In Yield of the Term B
Loans, then the Applicable Rates for the Term Loans shall be increased to the extent necessary so
that the All-In Yield for such Incremental Term Loans is no more than 50 basis points greater than
the All-In Yield for the Term B Loans. Each notice from the Borrower pursuant to this Section
shall set forth the requested amount and proposed terms of the relevant Incremental Term Loans or
Revolving Commitment Increases. Incremental Term Loans may be made, and Revolving Commitment
Increases may be provided, by any existing Lender or by any other bank or other financial
institution approved by the Borrower (any such other bank or other financial institution being
called an “Additional Lender”), provided that each L/C Issuer (in the case of a Revolving
Commitment Increase) and the Administrative Agent shall have consented (such consent not to be
unreasonably withheld) to such Lender’s or Additional Lender’s making such Incremental Term Loans
or providing such Revolving Commitment Increases if such consent would be required under Section
10.07(b) for an assignment of Loans or Revolving Credit Commitments, as applicable, to such Lender
or Additional Lender. Commitments in respect of Incremental Term Loans and Revolving Commitment
Increases shall become Commitments (or in the case of a Revolving Commitment Increase to be
provided by an existing Revolving Credit Lender, an increase in such Lender’s applicable Revolving
Credit Commitment) under this Agreement pursuant to an Additional Credit Extension Amendment,
executed by Holdings, the Borrower, each Lender agreeing to provide such Commitment, if any, each
Additional Lender, if any, the applicable L/C Issuer (in the case of an increase of a Revolving
Commitment Increase) and the Administrative Agent. The Additional Credit Extension 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 and the Borrower, to effect the provisions of this Section. The effectiveness of (and, in
the case of any Additional Credit Extension Amendment for an Incremental Term Loan, the borrowing
under) any Additional Credit Extension Amendment shall be subject to the satisfaction on the date
thereof (each, an “Incremental Facility Closing Date”) of each of the conditions set forth in
Section 4.02 (it being understood that all references to “the date of such Credit Extension” or
similar language in such Section 4.02 shall be deemed to refer to the effective date of such
Additional Credit Extension Amendment and borrowing of the applicable Incremental Term Loan) and
such other conditions as the parties thereto shall agree. The Borrower will use the proceeds of
the Incremental Term Loans and Revolving Commitment Increases and Letters of Credit issued pursuant
to the Revolving Commitment Increases for any purpose not prohibited by this Agreement. No Lender
shall be obligated to provide any Incremental Term Loans or Revolving Commitment Increases, unless
it so agrees. Upon each increase in the Revolving Credit Commitments pursuant to this Section, (a)
each Revolving Credit Lender immediately prior to such increase will automatically and without
further act be deemed to have assigned to each Lender providing a portion of the Revolving
Commitment Increase (each a “Revolving Commitment Increase Lender”) in respect of such increase,
and each such Revolving Commitment Increase Lender will automatically and without further act be
deemed to have assumed, a portion of such Revolving Credit Lender’s participations hereunder in
outstanding Letters of Credit and Swing Line Loans such that, after giving effect to each such
deemed assignment and assumption of participations, the percentage of the aggregate outstanding (i)
participations hereunder in Letters of Credit and (ii) participations hereunder in Swing Line Loans
held by each Revolving Credit Lender (including each such Revolving Commitment Increase Lender)
will equal its Pro Rata Share and (b) if, on the date of such increase, there are any Revolving
Credit Loans outstanding, such Revolving Credit Loans shall on or prior to the effectiveness of
such Revolving Commitment Increase be prepaid from the proceeds of additional Revolving Credit
Loans made hereunder (reflecting such increase in Revolving Credit Commitments), which prepayment
shall be accompanied by accrued interest on the Revolving Credit Loans being prepaid and any costs
incurred by any Lender in accordance with Section 3.05. The Administrative Agent and the Lenders
hereby agree that the minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement shall not apply
to the transactions effected pursuant to the immediately preceding sentence.

 

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(b) This Section 2.14 shall supersede any provisions in Section 2.13 or 10.01 to the contrary.

SECTION
2.15. Defaulting Lenders.

 (a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any
Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting
Lender, to the extent permitted by applicable Law:

(i) Waivers and Amendments. That Defaulting Lender’s right to approve or disapprove
any amendment, waiver or consent with respect to this Agreement shall be restricted as set
forth in Section 10.01.

(ii) Reallocation of Payments. Any payment of principal, interest, fees or other
amounts received by the Administrative Agent for the account of that Defaulting Lender
(whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise, and
including any amounts made available to the Administrative Agent by that Defaulting Lender
pursuant to Section 10.09), shall be applied at such time or times as may be determined by
the Administrative Agent as follows: first, to the payment of any amounts owing by that
Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro
rata basis of any amounts owing by that Defaulting Lender to the L/C Issuer or Swing Line
Lender hereunder; third, if so determined by the Administrative Agent or requested by the
L/C Issuer or Swing Line Lender and, unless the Borrower has not complied with its
obligations under this Section 2.15, consented to by the Borrower, to be held as Cash
Collateral for future funding obligations of that Defaulting Lender of any participation in
any Swing Line Loan or Letter of Credit; fourth, as the Borrower may request (so long as no
Default or Event of Default exists), to the funding of any Loan in respect of which that
Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as
determined by the Administrative Agent; fifth, if so determined by the Administrative Agent
and the Borrower, to be held in a non-interest bearing deposit account and released in order
to satisfy obligations of that Defaulting Lender to fund Loans under this Agreement; sixth,
to the payment of any amounts owing to the Lenders, the L/C Issuer or Swing Line Lender as a
result of any judgment of a court of competent jurisdiction obtained by any Lender, the L/C
Issuer or Swing Line Lender against that Defaulting Lender as a result of that Defaulting
Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or
Event of Default exists, to the payment of any amounts owing to the Borrower as a result of
any judgment of a court of competent jurisdiction obtained by the Borrower against that
Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under
this Agreement; and eighth, to that Defaulting Lender or as otherwise directed by a court of
competent jurisdiction; provided that if (x) such payment is a payment of the principal
amount of any Loans or L/C Borrowings in respect of which that Defaulting Lender has not
fully funded its appropriate share and (y) such Loans or L/C Borrowings were made at a time
when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall
be applied solely to pay the Loans of, and L/C Borrowings owed to, all non-Defaulting
Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C
Borrowings owed to, that Defaulting Lender. Any payments, prepayments or other amounts paid
or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a
Defaulting Lender or to post Cash Collateral pursuant to this Section 2.15(a)(ii) shall be
deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably
consents hereto.

 

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(iii) Certain Fees. That Defaulting Lender (x) shall not be entitled to receive any
commitment fee pursuant to Section 2.09(a) for any period during which that Lender is a
Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise
would have been required to have been paid to that Defaulting Lender) and (y) shall be
limited in its right to receive letter of credit fees as provided in Section 2.03(g).

(iv) Reallocation of Pro Rata Shares to Reduce Fronting Exposure. During any period in
which there is a Defaulting Lender, for purposes of computing the amount of the obligation
of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of
Credit or Swing Line Loans pursuant to Sections 2.03 and 2.04, the “Pro Rata Share” of each
non-Defaulting Lender shall be computed without giving effect to the Revolving Credit
Commitment of that Defaulting Lender; provided that the aggregate obligation of each
non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and
Swing Line Loans shall not exceed the positive difference, if any, of (1) the Revolving
Credit Commitment of that non-Defaulting Lender minus (2) the aggregate Outstanding
Amount of the Revolving Credit Loans of that Lender.

(b) Defaulting Lender Cure. If the Borrower, the Administrative Agent, the Swing Line Lender
and the L/C Issuer agree in writing in their sole discretion that a Defaulting Lender should no
longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties
hereto, whereupon as of the effective date specified in such notice and subject to any conditions
set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender
will, to the extent applicable, purchase that portion of outstanding Loans of the other Lenders or
take such other actions as the Administrative Agent may determine to be necessary to cause the
Revolving Credit Loans and funded and unfunded participations in Letters of Credit and Swing Line
Loans to be held on a pro rata basis by the Lenders in accordance with their Pro Rata Shares
(without giving effect to Section 2.15(a)(iv)), whereupon that Lender will cease to be a Defaulting
Lender; provided that no adjustments will be made retroactively with respect to fees accrued or
payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and
provided, further, that except to the extent otherwise expressly agreed by the affected parties, no
change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim
of any party hereunder arising from that Lender’s having been a Defaulting Lender.

SECTION 2.16. Extensions of Term Loans; Replacement of Revolving Credit Commitments.

(a) Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers
(each, an “Extension Offer”) made from time to time by the Borrower to all Lenders of Term Loans of
any Class on a pro rata basis (based on the aggregate outstanding principal amount of the
respective Term Loans of such Class) and on the same terms to each such Lender, the Borrower may
from time to time with the consent of any Lender that shall have accepted such offer extend the
maturity date of any Term Loans and otherwise modify the terms of such Term Loans of such Lender
pursuant to the terms of the relevant Extension Offer (including, without limitation, by increasing
the interest rate or fees payable in respect of such Term Loans and/or modifying the amortization
schedule in respect of such Term Loans) (each, an “Extension”; any Extended Term Loans shall
constitute a separate Class of Term Loans from the Class of Term Loans from which they were
converted), so long as the following terms are satisfied: (i) no Default shall exist at the time
the notice in respect of an Extension Offer is delivered to the Lenders, and no Default shall exist
immediately prior to or after giving effect to the effectiveness of any Extended Term Loans, (ii)
except as to interest rates, fees, amortization, final maturity date, premium, required prepayment
dates and participation in prepayments (which shall, subject to immediately succeeding

 

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 clauses
(iii), (iv) and (v), be determined by the Borrower and set forth
in the relevant Extension  Offer), the Term Loans of any Lender (an “Extending Lender”) extended pursuant to any Extension
(“Extended Term Loans”) shall have the same terms as the Class of Term Loans subject to such
Extension Offer (except for covenants or other provisions contained therein applicable only to
periods after the then latest Maturity Date of any Term Loans hereunder), (iii) the final maturity
date of any Extended Term Loans shall be no earlier than the final maturity date of the Class of
Term Loans subject to such Extension Offer and the amortization schedule applicable to Term Loans
pursuant to Section 2.07 for periods prior to such final maturity date of the Class of Term Loans
subject to such Extension Offer may not be increased, (iv) the Weighted Average Life to Maturity of
any Extended Term Loans shall be no shorter than the remaining Weighted Average Life to Maturity of
the Term Loans extended thereby, (v) any Extended Term Loans may participate on a pro rata basis or
on a less than pro rata basis (but not on a greater than pro rata basis) in any voluntary or
mandatory prepayments hereunder, as specified in the applicable Extension Offer, (vi) if the
aggregate principal amount of Term Loans (calculated on the face amount thereof) in respect of
which Lenders shall have accepted the relevant Extension Offer shall exceed the maximum aggregate
principal amount of Term Loans offered to be extended by the Borrower pursuant to such Extension
Offer, then the Term Loans of such Lenders shall be extended ratably up to such maximum amount
based on the respective principal amounts (but not to exceed actual holdings of record) with
respect to which such Lenders have accepted such Extension Offer, (vii) all documentation in
respect of such Extension shall be consistent with the foregoing, (viii) any applicable minimum
extension condition required by the Borrower shall be satisfied unless waived by the Borrower and
(ix) the interest rate margin applicable to any Extended Term Loans will be determined by the
Borrower and the lenders providing such Extended Term Loans.

(b) With respect to all Extensions consummated by the Borrower pursuant to Section 2.16(a),
(i) such Extensions shall not constitute voluntary or mandatory payments or prepayments for
purposes of Section 2.05 and (ii) there shall be not more three classes of Extended Term Loans
outstanding at any time.

(c) The Borrower may, with the consent of each Person providing an Extended Revolving Credit
Commitment, the Administrative Agent and any Person acting as swingline lender or issuing bank
under such Extended Revolving Credit Commitments, amend this Agreement pursuant to an Additional
Credit Extension Amendment to provide for Extended Revolving Credit Commitments and to incorporate
the terms of such Extended Revolving Credit Commitments into this Agreement on substantially the
same basis as provided with respect to the Revolving Credit Commitments (including, without
limitation, pursuant to Section 2.14, Section 2.15, Section 8.03 and Section 10.01);
provided that (i) the establishment of any such Extended Revolving Credit Commitments shall
be accompanied by a reduction in the Revolving Credit Commitments in at least the amount of the
Extended Revolving Credit Commitments and (ii) any reduction in the Revolving Credit Commitments
may, at the option of the Borrower, be directed to a disproportional reduction of the Revolving
Credit Commitments of any Lender providing an Extended Revolving Credit Commitment.

(d) The Lenders hereby irrevocably authorize the Administrative Agent to enter into an
Additional Credit Extension Amendment to this Agreement and the other Loan Documents with the
Borrower and the other applicable Loan Parties as may be necessary in order to establish Extended
Revolving Credit Commitments and Extended Term Loans and such technical amendments as may be
necessary or appropriate in the reasonable discretion of the Administrative Agent in connection
with the establishment of such Extended Revolving Credit Commitments or Extended Term Loans, in
each case on terms consistent with this Section 2.16.

(e) This Section 2.16 shall supersede any provisions in Section 2.13 or 10.01 to the contrary.

 

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SECTION 2.17. Loan Repricing Protection. In the event that, on or prior to the date that is one year after the Closing Date, the
Borrower (a) makes any prepayment of Term B Loans in connection with any Repricing Transaction or
(b) effects any amendment of this Agreement resulting in a Repricing Transaction, the Borrower
shall pay to the Administrative Agent, for the ratable account of each applicable Lender, (i) in
the case of clause (a), a prepayment premium of 1% of the amount of the Term B Loans being prepaid
and (ii) in the case of clause (b), a payment equal to 1% of the aggregate amount of the Term B
Loans outstanding immediately prior to such amendment.

ARTICLE III

Taxes, Increased Costs Protection and Illegality

SECTION 3.01. Taxes.

(a) Except as required by applicable Law, any and all payments by any Loan Party to or for the
account of any Agent or any Lender under any Loan Document shall be made free and clear of and
without deduction for any Taxes.

(b) If any Loan Party or any other applicable withholding agent is required by applicable Law
to make any deduction or withholding on account of any Non-Excluded Tax or Other Taxes from any sum
paid or payable by any Loan Party to any Lender or Agent under any of the Loan Documents: (i) the
applicable Loan Party shall notify the Administrative Agent of any such requirement or any change
in any such requirement as soon as such Loan Party becomes aware of it; (ii) the applicable Loan
Party or withholding agent shall make such deduction or withholding and pay to the relevant
Governmental Authority any such Non-Excluded Tax or Other Tax before the date on which penalties
attach thereto, such payment to be made (if the liability to pay is imposed on any Loan Party) for
its own account or (if that liability is imposed on the Lender or Agent) on behalf of and in the
name of the Lender or Agent (as applicable); (iii) the sum payable to such Lender or Agent (as
applicable) shall be increased by such Loan Party to the extent necessary to ensure that, after the
making of any required deduction or withholding (including any deductions or withholdings
attributable to any payments required to be made under this Section 3.01), the Lender or the Agent
(as applicable), receives on the due date a net sum equal to what it would have received had no
such deduction or withholding been required or made; and (iv) within thirty days after paying any
sum from which it is required by Law to make any deduction or withholding, and within thirty days
after the due date of payment of any Tax which it is required by clause (ii) above to pay, the
Borrower making such payments shall deliver to the Administrative Agent evidence reasonably
satisfactory to the other affected parties of such deduction or withholding and of the remittance
thereof to the relevant Governmental Authority.

(c) Status of Lender. Each Lender shall, at such times as are reasonably requested by
the Borrower or the Administrative Agent, provide the Borrower and the Administrative Agent with
any documentation prescribed by Laws or reasonably requested by the Borrower or the Administrative
Agent certifying as to any entitlement of such Lender to an exemption from, or reduction in,
withholding Tax with respect to any payments to be made to such Lender under any Loan Document.
Each such Lender shall, whenever a lapse in time or change in circumstances renders such
documentation (including any specific documentation required below in this Section 3.01(c))
obsolete, expired or inaccurate in any material respect, deliver promptly to the Borrower and the
Administrative Agent updated or other appropriate documentation (including any new documentation
reasonably requested by the Borrower or the Administrative Agent) or promptly notify the Borrower
and Administrative Agent of its inability to do so.

 

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Without limiting the foregoing:

(1) Each U.S. Lender shall deliver to the Borrower and the Administrative Agent on or
before the date on which it becomes a party to this Agreement two properly completed and
duly signed original copies of Internal Revenue Service Form W-9 certifying that such Lender
is exempt from U.S. federal backup withholding.

(2) Each Foreign Lender shall deliver to the Borrower and the Administrative Agent on
or before the date on which it becomes a party to this Agreement (and from time to time
thereafter upon the request of the Borrower or the Administrative Agent) whichever of the
following is applicable:

(A) two properly completed and duly signed original copies of Internal Revenue
Service Form W-8BEN (or any successor forms) claiming eligibility for the benefits
of an income tax treaty to which the United States is a party, and such other
documentation as required under the Code,

(B) two properly completed and duly signed original copies of Internal Revenue
Service Form W-8ECI (or any successor forms),

(C) in the case of a Foreign Lender claiming the benefits of the exemption for
portfolio interest under Section 871(h) or Section 881(c) of the Code, (A) two
properly completed and duly signed certificates substantially in the form of Exhibit
J (any such certificate, a “United States Tax Compliance Certificate”) and (B) two
properly completed and duly signed original copies of Internal Revenue Service Form
W-8BEN (or any successor forms),

(D) to the extent a Foreign Lender is not the beneficial owner (for example,
where the Foreign Lender is a partnership or a participating Lender), Internal
Revenue Service Form W-8IMY (or any successor forms) of the Foreign Lender,
accompanied by a Form W-8ECI, W-8BEN, United States Tax Compliance Certificate, Form
W-9, Form W-8IMY or any other required information (or any successor forms) from
each beneficial owner that would be required under this Section 3.01(c) if such
beneficial owner were a Lender, as applicable (provided that, if one or more
beneficial owners are claiming the portfolio interest exemption, the United States
Tax Compliance Certificate may be provided by such Foreign Lender on behalf of such
beneficial owner), or

(E) two properly completed and duly signed original copies of any other form
prescribed by applicable U.S. federal income tax laws (including the Treasury
Regulations) as a basis for claiming a complete exemption from, or a reduction in,
United States federal withholding tax on any payments to such Lender under the Loan
Documents.

(3) If a payment made to a Lender under any Loan Document would be subject to U.S.
federal withholding tax imposed by FATCA if such Lender were to fail to comply with the
applicable reporting requirements of those Sections (including those contained in Sections
1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower
and the Administrative Agent at the time or times prescribed by law and at such time or
times reasonably requested by the Borrower or the Administrative Agent such documentation
prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the
Code) and such additional documentation reasonably requested by the Borrower or the
Administrative Agent as may be necessary for the Borrower and the Administrative Agent to
comply with their obligations under FATCA and to determine whether such Lender has or has
not complied with such Lender’s obligations under such Sections and, if necessary, to determine the amount to deduct and
withhold from such payment.

 

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Notwithstanding any other provision of this clause (c), a Lender shall not be required to deliver
any form that such Lender is not legally eligible to deliver.

(d) In addition to the payments by a Loan Party required by Section 3.01(b), the applicable
Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with
applicable law.

(e) The Loan Parties shall, jointly and severally, indemnify a Lender or Agent (each a “Tax
Indemnitee”), within 10 days after written demand therefor, for the full amount of any Non-Excluded
Taxes paid or payable by such Tax Indemnitee on or attributable to any payment under or with
respect to any Loan Document, and any Other Taxes payable by such Tax Indemnitee (including
Non-Excluded Taxes or Other Taxes imposed on or attributable to amounts payable under this Section
3.01), whether or not such Taxes were correctly or legally imposed or asserted by the Governmental
Authority. A certificate as to the amount of such payment or liability prepared in good faith and
delivered by the Tax Indemnitee or by the Agent on its own behalf or on behalf of another Tax
Indemnitee, shall be conclusive absent manifest error.

(f) If and to the extent that a Tax Indemnitee, in its sole discretion (exercised in good
faith), determines that it has received a refund of any Non-Excluded Taxes or Other Taxes in
respect of which it has received additional payments under this Section 3.01, then such Tax
Indemnitee shall pay to the relevant Loan Party the amount of such refund, net of all out-of-pocket
expenses of the Tax Indemnitee (including any Taxes imposed with respect to such refund), and
without interest (other than any interest paid by the relevant Governmental Authority with respect
to such refund), provided that the Loan Party, upon the request of the Tax Indemnitee,
agrees to repay the amount paid over to the Tax Indemnitee (plus any penalties, interest or other
charges imposed by the relevant Governmental Authority) to the Tax Indemnitee if the Tax Indemnitee
is required to repay such refund to such Governmental Authority. This subsection shall not be
construed to require a Tax Indemnitee to make available its Tax returns (or any other information
relating to its Taxes that it deems confidential) to any Loan Party or any other Person.

SECTION 3.02. Illegality. If any Lender reasonably determines that any Law has made it unlawful, or that any
Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending
Office to make, maintain or fund any LIBOR Loans, or to determine or charge interest rates based
upon the applicable LIBOR, then, on notice thereof by such Lender to the Borrower through the
Administrative Agent, any obligation of such Lender to make or continue any affected LIBOR Loans or
to convert Base Rate Loans to such LIBOR Loans shall be suspended until such Lender notifies the
Administrative Agent and the Borrower that the circumstances giving rise to such determination no
longer exist. Upon receipt of such notice, the Borrower may revoke any pending request for a
Borrowing of, conversion to or continuation of LIBOR Loans and shall upon demand from such Lender
(with a copy to the Administrative Agent), prepay or, if applicable, convert all then outstanding
affected LIBOR Loans of such Lender to Base Rate Loans, either on the last day of the Interest
Period therefor, if such Lender may lawfully continue to maintain such LIBOR Loans to such day, or
promptly, if such Lender may not lawfully continue to maintain such LIBOR Loans. Upon any such
prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or
converted and all amounts due, if any, in connection with such prepayment or conversion under
Section 3.05. Each Lender agrees to designate a different Lending Office if such designation will
avoid the need for such notice and will not, in the good faith judgment of such Lender, otherwise
be materially disadvantageous to such Lender.

 

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SECTION 3.03. Inability to Determine Rates. If the Required Lenders determine that by reason of any changes affecting the London
interbank eurodollar market adequate and reasonable means do not exist for determining LIBOR for
any requested Interest Period with respect to a proposed LIBOR Loan, or that LIBOR for any
requested Interest Period with respect to a proposed LIBOR Loan does not adequately and fairly
reflect the cost to such Lenders of funding such Loan, or that deposits are not being offered to
banks in the London interbank eurodollar market for the applicable amount and the Interest Period
of such LIBOR Loan, in each case due to circumstances arising on or after the date hereof, the
Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, the
obligation of the Lenders to make or maintain any affected LIBOR Loans shall be suspended until the
Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon
receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion
to or continuation of LIBOR Loans or, failing that, will be deemed to have converted such request
into a request for a Borrowing of Base Rate Loans in the amount specified therein.

SECTION 3.04. Increased Cost and Reduced Return; Capital Adequacy; Reserves on LIBOR
Loans.

(a) If any Issuing Bank or Lender reasonably determines that as a result of the introduction
of or any change in or in the interpretation of any Law, in each case after the date hereof
(provided that notwithstanding anything herein to the contrary, for all purposes of this Section
3.04 the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules,
guidelines or directives thereunder or issued in connection therewith shall be deemed to be a
“Change in Law” regardless of the date enacted, adopted or issued) (a “Change in Law”), there shall
be any increase in the cost to such Issuing Bank Lender of agreeing to make or making, funding or
maintaining LIBOR Loans or issuing or participating in Letters of Credit, or a reduction in the
amount received or receivable by such Issuing Bank or Lender in connection with any of the
foregoing, including subjecting any Issuing Bank or Lender to any Tax with respect to this
Agreement or any LIBOR Loan made by it, or changing the basis of taxation of payments to such
Lender in respect thereof (excluding for purposes of this Section 3.04(a) any such increased costs
or reduction in amount resulting from (i) Non-Excluded Taxes or Other Taxes covered by Section
3.01, or any Excluded Taxes and (ii) reserve requirements contemplated by Section 3.04(c)) that
does not represent the cost to such Lender of complying with the requirements Applicable Law in
relation to its making, funding or maintaining of LIBOR Loans, then from time to time within
fifteen (15) days after demand by such Issuing Bank or Lender setting forth in reasonable detail
such increased costs (with a copy of such demand to the Administrative Agent given in accordance
with Section 3.06), the Borrower shall pay to such Issuing Bank or Lender such additional amounts
as will compensate such Issuing Bank or Lender for such increased cost or reduction. At any time
that any LIBOR Loan is affected by the circumstances described in this Section 3.04(a), the
Borrower may either (i) if the affected LIBOR Loan is then being made pursuant to a Borrowing,
cancel such Borrowing by giving the Administrative Agent telephonic notice (confirmed promptly in
writing) thereof on the same date that the Borrower receives any such demand from such Lender or
(ii) if the affected LIBOR Loan is then outstanding, upon at least three Business Days’ notice to
the Administrative Agent, require the affected Lender to convert a LIBOR Loan into a Base Rate
Loan, if applicable.

(b) If any Issuing Bank or Lender determines that any Change in Law regarding capital adequacy
or any change therein or in the interpretation thereof, in each case after the date hereof, or
compliance by such Lender (or its Lending Office) therewith, has the effect of reducing the rate of
return on the capital of such Issuing Bank or Lender or any corporation controlling such Issuing
Bank or Lender as a consequence of such Issuing Bank or Lender’s obligations hereunder (taking into
consideration its policies with respect to capital adequacy), then from time to time upon demand of
such Issuing Bank or Lender setting forth in reasonable detail the charge and the calculation of
such reduced rate of return
(with a copy of such demand to the Administrative Agent given in accordance with Section
3.06), the Borrower shall promptly pay to such Issuing Bank or Lender such additional amounts as
will compensate such Issuing Bank or Lender for such reduction after receipt of such demand.

 

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(c) If any Issuing Bank or Lender requests compensation under this Section 3.04, then such
Issuing Bank or Lender will, if requested by the Borrower, use commercially reasonable efforts to
designate another Lending Office for any Loan or Letter of Credit affected by such event; provided
that such efforts are made on terms that, in the reasonable judgment of such Lender, cause such
Issuing Bank or Lender and its Lending Office(s) to suffer no material economic, legal or
regulatory disadvantage, and provided further that nothing in this Section 3.04(e) shall affect or
postpone any of the Obligations of the Borrower or the rights of such Issuing Bank or Lender
pursuant to Section 3.04(a), (b) or (c).

SECTION 3.05. Funding Losses. Upon written demand of any Lender (with a copy to the Administrative Agent) from time to
time, which demand shall set forth in reasonable detail the basis for requesting such amount, the
Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss,
cost or expense reasonably incurred by it as a result of:

(a) any continuation, conversion, payment or prepayment of any LIBOR Loan on a day
other than the last day of the Interest Period for such Loan; or

(b) any failure by the Borrower (for a reason other than the failure of such Lender to
make a Loan) to prepay, borrow, continue or convert any LIBOR Loan on the date or in the
amount notified by the Borrower;

including any loss or expense (excluding loss of anticipated profits and without giving effect to
the minimum rate set forth in the definition of “LIBOR”) actually incurred by reason of the
liquidation or reemployment of funds obtained by it to maintain such LIBOR Loan or from fees
payable to terminate the deposits from which such funds were obtained.

SECTION 3.06. Matters Applicable to All Requests for Compensation.

(a) Any Agent or Lender claiming compensation under this Article III shall deliver a
certificate to the Borrower setting forth the additional amount or amounts to be paid to it
hereunder which shall be presumed correct in the absence of manifest error. In determining such
amount, such Agent or Lender may use any reasonable averaging and attribution methods.

(b) With respect to any Lender’s claim for compensation under Sections 3.01, 3.02, 3.03 or
3.04, the Borrower shall not be required to compensate such Lender for any amount incurred more
than one hundred and eighty (180) days prior to the date that such Lender notifies the Borrower of
the event that gives rise to such claim; provided that, if the circumstance giving rise to such
claim is retroactive, then such 180-day period referred to above shall be extended to include the
period of retroactive effect thereof. If any Lender requests compensation by the Borrower under
Section 3.04, the Borrower may, by notice to such Lender (with a copy to the Administrative Agent),
suspend the obligation of such Lender to make or continue from one Interest Period to another LIBOR
Loans, or to convert Base Rate Loans into LIBOR Loans, until the event or condition giving rise to
such request ceases to be in effect (in which case the provisions of Section 3.06(c) shall be
applicable); provided that such suspension shall not affect the right of such Lender to receive the
compensation so requested.

 

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(c) If the obligation of any Lender to make or continue from one Interest Period to another
any LIBOR Loan, or to convert Base Rate Loans into LIBOR Loans shall be suspended pursuant
to Section 3.06(b) hereof, such Lender’s LIBOR Loans shall be automatically converted into
Base Rate Loans on the last day(s) of the then current Interest Period(s) for such LIBOR Loans (or,
in the case of an immediate conversion required by Section 3.02, on such earlier date as required
by Law) and, unless and until such Lender gives notice as provided below that the circumstances
specified in Section 3.01, 3.02, 3.03 or 3.04 hereof that gave rise to such conversion no longer
exist:

(i) to the extent that such Lender’s LIBOR Loans have been so converted, all payments
and prepayments of principal that would otherwise be applied to such Lender’s LIBOR Loans
shall be applied instead to its Base Rate Loans; and

(ii) all Loans that would otherwise be made or continued from one Interest Period to
another by such Lender as LIBOR Loans shall be made or continued instead as Base Rate Loans,
and all Base Rate Loans of such Lender that would otherwise be converted into LIBOR Loans
shall remain as Base Rate Loans.

(d) If any Lender gives notice to the Borrower (with a copy to the Administrative Agent) that
the circumstances specified in Section 3.01, 3.02, 3.03 or 3.04 hereof that gave rise to the
conversion of such Lender’s LIBOR Loans pursuant to this Section 3.06 no longer exist (which such
Lender agrees to do promptly upon such circumstances ceasing to exist) at a time when LIBOR Loans
made by other Lenders are outstanding, such Lender’s Base Rate Loans shall be automatically
converted, on the first day(s) of the next succeeding Interest Period(s) for such outstanding LIBOR
Loans, to the extent necessary so that, after giving effect thereto, all Loans held by the Lenders
holding LIBOR Loans and by such Lender are held pro rata (as to principal amounts, interest rate
basis, and Interest Periods) in accordance with their respective Commitments.

SECTION 3.07. Replacement of Lenders under Certain Circumstances.

(a) If at any time (i) any Lender requests reimbursement for amounts owing pursuant to Section
3.01 or 3.04 as a result of any condition described in such Sections or any Lender ceases to make
LIBOR Loans as a result of any condition described in Section 3.02 or Section 3.04, (ii) any Lender
becomes a Defaulting Lender or (iii) any Lender becomes a Non-Consenting Lender, then the Borrower
may, on ten (10) Business Days’ prior written notice to the Administrative Agent and such Lender,
replace such Lender by causing such Lender to (and such Lender shall be obligated to) assign
pursuant to Section 10.07(b) (with the assignment fee to be paid, in the case of clauses (i) and
(iii) only, by the Borrower) all of its rights and obligations under this Agreement (or, with
respect to clause (iii) above, all of its rights and obligations with respect to the Class of Loans
or Commitments that is the subject of the related consent, waiver or amendment) to one or more
Eligible Assignees; provided that neither the Administrative Agent nor any Lender shall have any
obligation to the Borrower to find a replacement Lender or other such Person; and provided further
that in the case of any such assignment resulting from a Lender becoming a Non-Consenting Lender,
the applicable Eligible Assignees shall have agreed to the applicable departure, waiver or
amendment of the Loan Documents. No such replacement shall be deemed to be a waiver of any rights
that the Borrower, the Administrative Agent or any other Lender shall have against the replaced
Lender. In connection with any removal of a Non-Consenting Lender in connection with a Repricing
Transaction, the Borrower will also pay such Lender the fee required pursuant to Section 2.17, if
applicable.

 

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(b) Any Lender being replaced pursuant to Section 3.07(a) above shall (i) execute and deliver
an Assignment and Assumption with respect to such Lender’s Commitment and outstanding Loans and
participations in L/C Obligations and Swing Line Loans, and (ii) deliver any Notes evidencing such
Loans to the Borrower or Administrative Agent. Pursuant to such Assignment and Assumption, (A)
the assignee Lender shall acquire all or a portion, as the case may be, of the assigning
Lender’s Commitment and outstanding Loans and participations in L/C Obligations and Swing Line
Loans, (B) all obligations of the Borrower owing to the assigning Lender relating to the Loans and
participations so assigned shall be paid in full by the assignee Lender to such assigning Lender
concurrently with such assignment and assumption and (C) upon such payment and, if so requested by
the assignee Lender, delivery to the assignee Lender of the appropriate Note or Notes executed by
the Borrower, the assignee Lender shall become a Lender hereunder and the assigning Lender shall
cease to constitute a Lender hereunder with respect to such assigned Loans, Commitments and
participations, except with respect to indemnification provisions under this Agreement, which shall
survive as to such assigning Lender.

(c) Notwithstanding anything to the contrary contained above, any Lender that acts as an L/C
Issuer may not be replaced hereunder at any time that it has any Letter of Credit outstanding
hereunder unless arrangements reasonably satisfactory to such L/C Issuer (including the furnishing
of a back-up standby letter of credit in form and substance, and issued by an issuer reasonably
satisfactory to such L/C Issuer or the depositing of cash collateral into a cash collateral account
in amounts and pursuant to arrangements reasonably satisfactory to such L/C Issuer) have been made
with respect to each such outstanding Letter of Credit and the Lender that acts as the
Administrative Agent may not be replaced hereunder except in accordance with the terms of Section
9.09.

(d) In the event that (i) the Borrower or the Administrative Agent has requested that the
Lenders consent to a departure, amendment or waiver of any provisions of the Loan Documents or
agree to any amendment thereto, (ii) the consent, waiver or amendment in question requires the
agreement of all affected Lenders in accordance with the terms of Section 10.01 or all the Lenders
with respect to a certain Class of the Loans and (iii) the Required Lenders have agreed to such
consent, waiver or amendment, then any Lender who does not agree to such consent, waiver or
amendment shall be deemed a “Non-Consenting Lender.”

SECTION 3.08. Survival. All of the Borrower’s obligations under this Article III shall survive termination of the
Aggregate Commitments and repayment of all other Obligations hereunder.

ARTICLE IV

Conditions Precedent to Credit Extensions

SECTION 4.01. Conditions to Initial Credit Extension. The obligation of each Lender to make its initial Credit Extension hereunder is subject to
satisfaction of the following conditions precedent, except as otherwise agreed between the Borrower
and the Administrative Agent (including pursuant to Section 6.13):

(a) The Administrative Agent’s receipt of the following, each of which shall be
originals or facsimiles (followed promptly by originals) unless otherwise specified, each
properly executed by a Responsible Officer of the signing Loan Party each in form and
substance reasonably satisfactory to the Administrative Agent and its legal counsel:

(i) executed counterparts of the Restatement Agreement appropriately completed
and executed by Lenders under the Existing Credit Agreement constituting the
Required Lenders, subject to the provisions of Section 10.01 of the Existing Credit
Agreement and each Lender with a Revolving Credit Commitment on the Closing Date;

 

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(ii) executed counterparts of the Additional Term B Joinder Agreement;

(iii) executed counterparts of the Guaranty;

(iv) a Note executed by the Borrower in favor of each Lender that has requested
a Note at least two Business Days in advance of the Closing Date;

(v) executed counterparts of the Security Agreement together with:

(A) certificates, if any, representing the Subsidiary Equity pledged
thereunder accompanied by undated stock powers executed in blank and
instruments evidencing the Pledged Debt indorsed in blank; and

(B) evidence that all other actions, recordings and filings that the
Administrative Agent may deem reasonably necessary to satisfy the Collateral
and Guarantee Requirement shall have been taken, completed or otherwise
provided for in a manner reasonably satisfactory to the Administrative
Agent;

(b) such certificates of resolutions or other action, incumbency certificates and/or
other certificates of Responsible Officers of each Loan Party as the Administrative Agent
may reasonably require evidencing the identity, authority and capacity of each Responsible
Officer thereof authorized to act as a Responsible Officer in connection with this Agreement
and the other Loan Documents to which such Loan Party is a party or is to be a party on the
Closing Date;

(c) an opinion from Cleary Gottlieb Steen & Hamilton LLP, New York counsel to the Loan
Parties, substantially in the form of Exhibit H-1, an opinion from Bass Berry & Sims
PLC, special counsel to the Loan Parties, substantially in the form of Exhibit H-2,
and an opinion from Richards, Layton & Finger LLP, Delaware UCC counsel to the Loan Parties
substantially in the form of Exhibit H-3;

(d) a certificate attesting to the Solvency of the Borrower and its Subsidiaries (taken
as a whole) on the Closing Date after giving effect to the Transaction, from the Chief
Financial Officer of the Borrower;

(e) copies of a recent Lien and judgment search in each jurisdiction reasonably
requested by the Administrative Agent with respect to the Loan Parties;

(f) All fees and expenses required to be paid hereunder and invoiced on or before the
Closing Date shall have been paid in full in cash;

(g) Prior to or substantially simultaneously with the initial Credit Extensions, the
Borrower shall have received the gross proceeds from the issuance of the Senior Notes;

(h) The Administrative Agent shall have received reasonably satisfactory evidence that,
substantially concurrently with the initial extensions of credit under this Agreement,
either (x) the covenants set forth in the indenture governing the Senior Subordinated Notes
have been amended to permit the Transaction or (y) the indenture governing the Senior
Subordinated Notes shall be satisfied and discharged;

 

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(i) The Arrangers shall have received on or prior to the Closing Date all documentation
and other information reasonably requested in writing by them at least five Business Days
prior to the Closing Date in order to allow the Arrangers and the Lenders to comply with
applicable “know your customer” and anti-money laundering rules and regulations, including
the USA PATRIOT Act;

(j) The Administrative Agent shall have received a completed “Life-of-Loan” Federal
Emergency Management Agency Standard Flood Hazard Determination with respect to each
Mortgaged Property (together with a notice about special flood hazard area status and flood
disaster assistance duly executed by each of the Loan Parties relating thereto);

(k) The Administrative Agent shall have received a copy of, or a certificate as to
coverage under, the insurance policies required by Section 6.07(c), each of which shall be
endorsed or otherwise amended to include a “standard” or “New York” lender’s loss payable or
mortgagee endorsement (as applicable) and shall name the Administrative Agent, on behalf of
the Secured Parties, as additional insured, in form and substance satisfactory to the
Administrative Agent.

Without limiting the generality of the provisions of Section 9.04, for purposes of
determining compliance with the conditions specified in this Section 4.01, each Lender that
has signed this Agreement shall be deemed to have consented to, approved or accepted or to be
satisfied with, each document or other matter required thereunder to be consented to or approved by
or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received
notice from such Lender prior to the proposed Closing Date specifying its objection thereto

SECTION 4.02. Conditions to All Credit Extensions. The obligation of each Lender to honor any Request for Credit Extension (other than a
Committed Loan Notice requesting only a conversion of Loans to the other Type, or a continuation of
LIBOR Loans) is subject to the following conditions precedent:

(a) The representations and warranties of the Borrower and each other Loan Party
contained in Article V or any other Loan Document shall be true and correct in all material
respects on and as of the date of such Credit Extension; provided that, to the extent that
such representations and warranties specifically refer to an earlier date, they shall be
true and correct in all material respects as of such earlier date; provided, further that,
any representation and warranty that is qualified as to “materiality,” “Material Adverse
Effect” or similar language shall be true and correct (after giving effect to any
qualification therein) in all respects on such respective dates.

(b) No Default shall exist, or would result from such proposed Credit Extension or from
the application of the proceeds therefrom.

(c) The Administrative Agent and, if applicable, the relevant L/C Issuer or the Swing
Line Lender shall have received a Request for Credit Extension in accordance with the
requirements hereof.

Each Request for Credit Extension (other than a Committed Loan Notice requesting only a
conversion of Loans to the other Type or a continuation of LIBOR Loans) submitted by a Borrower
shall be deemed to be a representation and warranty that the conditions specified in Sections
4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension.

 

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ARTICLE V

Representations and Warranties

The Borrower represents and warrants to the Agents and the Lenders that:

SECTION 5.01. Existence, Qualification and Power; Compliance with Laws. Each Loan Party and each of its Material Subsidiaries (a) is a Person duly organized or
formed, validly existing and in good standing under the Laws of the jurisdiction of its
incorporation or organization, (b) has all corporate or other organizational power and authority to
(i) own its assets and carry on its business and (ii) execute, deliver and perform its obligations
under the Loan Documents to which it is a party, (c) is duly qualified and in good standing (to the
extent such concept exists) under the Laws of each jurisdiction where its ownership, lease or
operation of properties or the conduct of its business requires such qualification, (d) is in
compliance with all applicable Laws, orders, writs, injunctions and orders and (e) has all
requisite governmental licenses, authorizations, consents and approvals to operate its business as
currently conducted; except in each case referred to in clause (c), (d) or (e), to the extent that
failure to do so would not reasonably be expected to have a Material Adverse Effect.

SECTION 5.02. Authorization; No Contravention. The execution, delivery and performance by each Loan Party of each Loan Document to which
such Person is a party are within such Person’s corporate or other powers and have been duly
authorized by all necessary corporate or other organizational action. Neither the execution,
delivery and performance by each Loan Party of each Loan Document to which such Person is a party
nor the consummation of the Transaction will (a) contravene the terms of any of such Person’s
Organization Documents, (b) result in any breach or contravention of, or the creation of any Lien
upon any of the property or assets of such Person or any of the Restricted Subsidiaries (other than
as permitted by Section 7.01) under (i) any material Contractual Obligation to which such Person is
a party or affecting such Person or the properties of such Person or any of its Subsidiaries or
(ii) any material order, injunction, writ or decree of any Governmental Authority or any arbitral
award to which such Person or its property is subject; or (c) violate any applicable material Law;
except with respect to any breach, contravention or violation (but not creation of Liens) referred
to in clauses (b) and (c), to the extent that such breach, contravention or violation would not
reasonably be expected to have a Material Adverse Effect.

SECTION 5.03. Governmental Authorization. No material approval, consent, exemption, authorization, or other action by, or notice to,
or filing with, any Governmental Authority is necessary or required on the part of any Loan Party
in connection with (a) the execution, delivery or performance by, or enforcement against, any Loan
Party of this Agreement or any other Loan Document or for the consummation of the Transaction, (b)
the grant by any Loan Party of the Liens granted by it pursuant to the Collateral Documents, (c)
the perfection or maintenance of the Liens created under the Collateral Documents or (d) the
exercise by the Administrative Agent or any Lender of its rights under the Loan Documents or the
remedies in respect of the Collateral pursuant to the Collateral Documents, except for (i) filings
necessary to perfect the Liens on the Collateral granted by the Loan Parties in favor of the
Secured Parties, (ii) the approvals, consents, exemptions, authorizations, actions, notices and
filings that have been duly obtained, taken, given or made and are in full force and effect and
(iii) those approvals, consents, exemptions, authorizations or other actions, notices or filings,
the failure of which to obtain or make would not reasonably be expected to have a Material Adverse
Effect.

SECTION 5.04. Binding Effect. This Agreement and each other Loan Document has been duly executed and delivered by each
Loan Party that is party thereto. This Agreement and each other Loan Document constitutes a legal,
valid and binding obligation of such Loan Party, enforceable against such Loan Party that is party
thereto in accordance with its terms, except as such enforceability
may be limited by Debtor Relief Laws and by general principles of equity and principles of
good faith and fair dealing.

 

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SECTION 5.05. Financial Statements; No Material Adverse Effect.

(a) The Audited Financial Statements and the Unaudited Financial Statements fairly present in
all material respects the financial condition of the Borrower and its Subsidiaries as of the dates
thereof and their results of operations for the period covered thereby in accordance with GAAP
consistently applied throughout the periods covered thereby, except as otherwise expressly noted
therein and subject, in the case of the Unaudited Financial Statements, if any, to changes
resulting from normal year end audit adjustments and subject to the absence of footnotes.

(b) Except as set forth in the Borrower’s reports on Forms 10-K, 10-Q and 8-K filed with the
SEC prior to the Closing Date, since September 30, 2010, there has been no event, either
individually or in the aggregate, that has had or would reasonably be likely to have a Material
Adverse Effect.

(c) The forecasts of consolidated balance sheets, statements of operations and cash flow
statements of the Borrower and its Subsidiaries for each fiscal year ending after the Closing Date
through September 30, 2016, copies of which have been furnished to the Administrative Agent prior
to the Closing Date, have been prepared in good faith on the basis of the assumptions stated
therein, which assumptions were believed to be reasonable at the time made, it being understood
that projections as to future events are not to be viewed as facts and actual results may vary
materially from such forecasts.

SECTION 5.06. Litigation. Except as set forth in the Borrower’s reports on Forms 10-K, 10-Q and 8-K filed with the
SEC on or prior to the Closing Date, there are no actions, suits, proceedings, claims or disputes
pending or, to the knowledge of the Borrower, overtly threatened in writing, at law, in equity, in
arbitration or before any Governmental Authority, by or against the Borrower or any of the
Restricted Subsidiaries or against any of their properties or revenues that either individually or
in the aggregate would reasonably be expected to have a Material Adverse Effect.

SECTION 5.07. Ownership of Property; Liens. Each Loan Party and each of its Subsidiaries has good record and indefeasible title in fee
simple to, or valid leasehold interests in, or easements or other limited property interests in,
all real property necessary in the ordinary conduct of its business, free and clear of all Liens
except for Liens permitted by Section 7.01 and except where the failure to have such title or other
interest would not reasonably be expected to have, individually or in the aggregate, a Material
Adverse Effect. All Material Real Property owned by the Loan Parties as of the Closing Date is
listed on Schedule 5.07.

SECTION 5.08. Environmental Matters. Except as set forth on Schedule 5.08, or except as could not reasonably be expected
to have a Material Adverse Effect, (i) each Loan Party and each of its Subsidiaries, and their
respective operations and properties, is in compliance with all Environmental Laws (including
having obtained all Environmental Permits); (ii) none of the Loan Parties or any of their
respective Subsidiaries has become subject to any pending, or to the knowledge of the Borrower,
threatened Environmental Claim or any other Environmental Liability; (iii) none of the Loan Parties
or any of their respective Subsidiaries has agreed to assume or accept responsibility, by contract
or otherwise, for any liability of any other Person under Environmental Laws; and (iv) there are no
facts, circumstances or conditions relating to the past or present business or operations of any
Loan Party, any of their Subsidiaries, or any of their respective predecessors (including the
Release or threatened Release of Hazardous Materials), or to any past or present property of any
Loan Party or any of their Subsidiaries, that
could reasonably be expected to give rise to any Environmental Claim against a Loan Party or
any other Environmental Liability.

 

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SECTION 5.09. Taxes. Except as would not, either individually or in the aggregate, reasonably be expected to
result in a Material Adverse Effect, each of Holdings, the Borrower and its Subsidiaries has timely
filed all Tax returns and reports required to be filed, and have timely paid all Taxes (including
satisfying its withholding tax obligations) levied or imposed on their properties, income or assets
(whether or not shown in a Tax Return), except those which are being contested in good faith by
appropriate actions diligently conducted and for which adequate reserves have been provided in
accordance with GAAP.

There is no proposed Tax assessment, deficiency or other claim against any Loan Party or any
of its Subsidiaries except (i) those being actively contested by a Loan Party or such Subsidiary in
good faith and by appropriate proceedings diligently conducted that stay the enforcement of the Tax
in question and for which adequate reserves have been provided in accordance with GAAP or (ii)
those that would not reasonably be expected to, individually or in the aggregate, have a Material
Adverse Effect.

SECTION 5.10. ERISA Compliance.

(a) Except as would not, either individually or in the aggregate, reasonably be expected to
result in a Material Adverse Effect, each Plan (and each related trust, insurance contract or fund)
is in compliance in with its terms, the applicable provisions of ERISA, the Code and other Federal
or state Laws.

(b) No ERISA Event has occurred and is continuing within the immediately preceding six (6)
years that would reasonably be expected to result in a Material Adverse Effect.

SECTION 5.11. Subsidiaries. As of the Closing Date, neither Holdings nor any other Loan Party has any Subsidiaries
other than those specifically disclosed in Schedule 5.11 and all of the outstanding Equity
Interests in Holdings, the Borrower and the Material Subsidiaries have been validly issued and are
fully paid and nonassessable, and all Equity Interests owned by Holdings or any other Loan Party
are owned free and clear of all security interests of any person except (i) those created under the
Collateral Documents and (ii) any nonconsensual Lien that is permitted under Section 7.01. As of
the Closing Date, Schedule 5.11 (a) sets forth the name and jurisdiction of each
Subsidiary, (b) sets forth the ownership interest of Holdings, the Borrower and any other
Subsidiary in each Subsidiary, including the percentage of such ownership and (c) identifies each
Subsidiary that is a Subsidiary the Equity Interests of which are required to be pledged on the
Closing Date pursuant to the Collateral and Guarantee Requirement.

SECTION 5.12. Margin Regulations; Investment Company Act.

(a) The Borrower is not engaged nor will it engage, principally or as one of its important
activities, in the business of purchasing or carrying margin stock (within the meaning of
Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying
margin stock, and no proceeds of any Borrowings or drawings under any Letter of Credit will be used
for any purpose that violates Regulation U.

(b) The Borrower is not an “investment company” under the Investment Company Act of 1940.

 

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SECTION 5.13. Disclosure. None of the factual information and data heretofore or contemporaneously furnished in
writing by or on behalf of any Loan Party to any Agent or any Lender in connection with the
transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or
any other Loan Document (as modified or supplemented by other information so furnished) when taken
as a whole contains any material misstatement of fact or omits to state any material fact necessary
to make such factual information and data (taken as a whole), in the light of the circumstances
under which it was delivered, not materially misleading; it being understood that for purposes of
this Section 5.13, such factual information and data shall not include projections and pro forma
financial information or information of a general economic or general industry nature.

SECTION 5.14. Intellectual Property; Licenses, Etc.
The Borrower and its Subsidiaries have good and marketable title to, or a valid license or
right to use, all patents, patent rights, trademarks, servicemarks, trade names, copyrights,
technology, software, know-how database rights, rights of privacy and publicity, licenses and other
intellectual property rights (collectively, “IP Rights”) that are necessary for the operation of
their respective businesses as currently conducted and as proposed to be conducted, except where
the failure to have any such rights, either individually or in the aggregate would not reasonably
be expected to have a Material Adverse Effect. To the knowledge of the Borrower, the operation of
the respective businesses of the Borrower or any of its Subsidiaries as currently conducted does
not infringe upon, misuse, misappropriate or violate any rights held by any Person except for such
infringements, misuses, misappropriations or violations individually or in the aggregate, that
would not reasonably be expected to have a Material Adverse Effect. No claim or litigation
regarding any IP Rights, is pending or, to the knowledge of the Borrower, threatened against any
Loan Party or Subsidiary, that, either individually or in the aggregate, would reasonably be
expected to have a Material Adverse Effect.

SECTION 5.15. Labor Matters. Except as set forth in Schedule 5.15 or as, in the aggregate, would not reasonably
be expected to have a Material Adverse Effect: (a) there are no strikes or other labor disputes
against any of the Borrower and its Subsidiaries pending or, to the knowledge of the Borrower,
threatened; (b) hours worked by and payment made to employees of each of the Borrower or its
Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable
Laws dealing with such matters; and (c) all payments due from any of the Borrower or its
Subsidiaries on account of employee health and welfare insurance have been paid or accrued as a
liability on the books of the relevant party.

SECTION 5.16. Solvency. On the Closing Date after giving effect to the Transaction, the Borrower and its
Subsidiaries, on a consolidated basis, are Solvent.

 

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ARTICLE VI

Affirmative Covenants

So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder that is accrued and payable shall remain unpaid or unsatisfied, or any Letter of Credit
shall remain outstanding (unless the Outstanding Amount of the L/C Obligations related thereto has
been Cash Collateralized), the Borrower shall, and shall (except in the case of the covenants set
forth in Sections 6.01, 6.02 and 6.03) cause each of the Restricted Subsidiaries to:

SECTION 6.01. Financial Statements. Deliver to the Administrative Agent for prompt further distribution to each Lender:

(a) as soon as available, but in any event within ninety (90) days after the end of
each fiscal year of the Borrower (beginning with the fiscal year ending September 30, 2011),
a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such
fiscal year, and the related consolidated statements of operations, members’ equity and cash
flows for such fiscal year, setting forth in each case in comparative form the figures for
the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP,
audited and accompanied by a report and opinion of Ernst & Young LLP or any other
independent registered public accounting firm of nationally recognized standing, which
report and opinion shall be prepared in accordance with generally accepted auditing
standards and shall not be subject to any “going concern” or like qualification or exception
or any qualification or exception as to the scope of such audit;

(b) as soon as available, but in any event within forty-five (45) days after the end of
each of the first three (3) fiscal quarters of each fiscal year of the Borrower (beginning
with the fiscal quarter ending March 31 2011), a consolidated balance sheet of the Borrower
and its Subsidiaries as at the end of such fiscal quarter, and the related (i) consolidated
statements of operations for such fiscal quarter and for the portion of the fiscal year then
ended and (ii) consolidated statements of cash flows for the portion of the fiscal year then
ended, setting forth in each case in comparative form the figures for the corresponding
fiscal quarter of the previous fiscal year and the corresponding portion of the previous
fiscal year, all in reasonable detail and certified by a Responsible Officer of the Borrower
as fairly presenting in all material respects the financial condition, results of
operations, members’ equity and cash flows of the Borrower and its Subsidiaries in
accordance with GAAP, subject only to changes resulting from normal year-end audit
adjustments and subject to the absence of footnotes; and

(c) within sixty (60) days after the end of each fiscal year (beginning with the fiscal
year ending September 30, 2011) of the Borrower, a reasonably detailed consolidated budget
for each fiscal quarter of the following fiscal year as customarily prepared by management
of the Borrower for its internal use (the “Budget”), which Budget shall be accompanied by a
certificate of a Responsible Officer stating that (i) to the knowledge of such Responsible
Officer, the Budget is a reasonable estimate for the period(s) covered thereby and (ii) such
Budget has been prepared in good faith on the basis of the assumptions stated therein, which
assumptions were believed to be reasonable at the time of preparation of such Budget, it
being understood that actual results may vary from such Budget and that such variations may
be material.

Notwithstanding the foregoing, the obligations in paragraphs (a) and (b) of this Section 6.01
may be satisfied with respect to financial information of the Borrower and its Subsidiaries by
furnishing (A) the applicable financial statements of any direct or indirect parent of the Borrower
that holds all of the Equity Interests of the Borrower or (B) the Borrower’s or such entity’s Form
10-K or 10-Q, as applicable, filed with the SEC; provided that, with respect to each of clauses (A)
and (B), (i) to the extent such information relates to a parent of the Borrower, such information
is accompanied by consolidating information that explains in reasonable detail the differences
between the information relating to the Borrower (or such parent), on the one hand, and the
information relating to the Borrower and the Restricted Subsidiaries on a standalone basis, on the
other hand and (ii) to the extent such information is in lieu of information required to be
provided under Section 6.01(a), such materials are accompanied by a report and opinion of Ernst &
Young LLP or any other independent registered public accounting firm of nationally recognized
standing, which report and opinion shall be prepared in accordance with generally accepted auditing
standards and shall not be subject to any “going concern” or like qualification or exception or any
qualification or exception as to the scope of such audit.

 

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SECTION 6.02. Certificates; Other Information. Deliver to the Administrative Agent for prompt further distribution to each Lender:

(a) no later than five (5) days after the delivery of the financial statements referred
to in Sections 6.01(a) and (b), a duly completed Compliance Certificate signed by a
Responsible Officer of the Borrower together with a calculation of the amount of the
Borrower’s Consolidated EBITDA for the most recent Test Period that was attributable to
Restricted Subsidiaries that are not Guarantors (excluding (i) any Excluded Subsidiary that
is prohibited by Law from being a Guarantor or granting a security interest in substantially
all of its assets, (ii) the Existing JV and (iii) any Insurance Subsidiary);

(b) promptly after the same are publicly available, copies of all annual, regular,
periodic and special reports and registration statements which Holdings or the Borrower
files with the SEC (other than amendments to any registration statement (to the extent such
registration statement, in the form it became effective, is delivered to the Administrative
Agent), exhibits to any registration statement and, if applicable, any registration
statement on Form S-8) and in any case not otherwise required to be delivered to the
Administrative Agent pursuant to any other clause of this Section 6.02;

(c) promptly after the furnishing thereof, copies of any material statements or
material reports furnished to any holder of any class or series of debt securities of any
Loan Party having an aggregate outstanding principal amount greater than the Threshold
Amount or pursuant to the terms of the Senior Notes Indenture or any Permitted Additional
Debt Documentation, in each case, so long as the aggregate outstanding principal amount
thereunder is greater than the Threshold Amount, and not otherwise required to be furnished
to the Administrative Agent pursuant to any other clause of this Section 6.02;

(d) together with the delivery of each Compliance Certificate pursuant to Section
6.02(a), (i) a description of each event, condition or circumstance during the last fiscal
quarter covered by such Compliance Certificate requiring a mandatory prepayment under
Section 2.05(b) and (ii) a list of each Subsidiary of the Borrower that identifies each
Subsidiary as a Restricted Subsidiary or an Unrestricted Subsidiary as of the date of
delivery of such Compliance Certificate or a confirmation that there is no change in such
information since the later of the Closing Date or the date of the last such list; and

(e) promptly, such additional information regarding the business, legal, financial or
corporate affairs of any Loan Party or any Material Subsidiary, or compliance with the terms
of the Loan Documents, as the Administrative Agent may from time to time reasonably request.

Documents required to be delivered pursuant to Section 6.01(a) or (b) or Section 6.02(c) may
be delivered electronically and if so delivered, shall be deemed to have been delivered on the date
(i) on which the Borrower posts such documents, or provides a link thereto on the Borrower’s
website on the Internet at the website address listed on Schedule 10.02; or (ii) on which
such documents are posted on the Borrower’s behalf on IntraLinks/IntraAgency or another relevant
website, if any, to which each Lender and the Administrative Agent have access (whether a
commercial, third-party website or whether sponsored by the Administrative Agent); provided that
(i) upon written request by the Administrative Agent, the Borrower shall deliver paper copies of
such documents to the Administrative Agent for further distribution to each Lender until a written
request to cease delivering paper copies is given by the Administrative Agent and (ii) the Borrower
shall notify (which may be by facsimile or electronic mail) the Administrative Agent of the posting
of any such documents and provide to the Administrative Agent by electronic mail electronic
versions (i.e., soft copies) of such documents. Each Lender shall be solely responsible for timely
accessing posted documents or requesting delivery of paper copies of such documents from the
Administrative Agent and maintaining its copies of such documents.

 

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The Borrower hereby acknowledges that (a) the Administrative Agent and/or the Joint Lead
Arrangers will make available to the Lenders materials and/or information provided by or on behalf
of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on
IntraLinks or another similar electronic system (the “Platform”) and (b) certain of the Lenders may
be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information
with respect to the Borrower or its securities) (each, a “Public Lender”). The Borrower hereby
agrees that it will use commercially reasonable efforts to identify that portion of the Borrower
Materials that may be distributed to the Public Lenders and that (w) all such Borrower Materials
shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word
“PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials
“PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the Joint Lead
Arrangers and the Lenders to treat such Borrower Materials as not containing any material
non-public information (although it may be sensitive and proprietary) with respect to the Borrower
or its securities for purposes of United States federal and state securities laws (provided,
however, that to the extent such Borrower Materials constitute Information, they shall be treated
as set forth in Section 10.08); (y) all Borrower Materials marked “PUBLIC” are permitted to be made
available through a portion of the Platform designated “Public Investor”; and (z) the
Administrative Agent and the Arrangers shall be entitled to treat any Borrower Materials that are
not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated
“Public Investor.”

SECTION 6.03. Notices. Promptly after a Responsible Officer obtains actual knowledge thereof, notify the
Administrative Agent:

(a) of the occurrence of any Default; and

(b) of (i) any dispute, regulatory action or decertification, litigation, investigation
or proceeding between any Loan Party and any Governmental Authority, (ii) the commencement
of, or any material development in, any litigation or proceeding affecting any Loan Party,
including pursuant to any applicable Environmental Laws or the occurrence of any
noncompliance by any Loan Party with, or liability under, any Environmental Law or
Environmental Permit, or (iii) the occurrence of any ERISA Event that, in any such case, has
resulted or would reasonably be expected to result in a Material Adverse Effect.

Each notice pursuant to this Section shall be accompanied by a written statement of a
Responsible Officer of the Borrower (x) that such notice is being delivered pursuant to Section
6.03(a) or (b) (as applicable) and (y) setting forth details of the occurrence referred to therein
and stating what action the Borrower has taken and proposes to take with respect thereto.

SECTION 6.04. Payment of Obligations. Timely pay, discharge or otherwise satisfy, as the same shall become due and payable, all
of its obligations and liabilities in respect of Taxes imposed upon it or upon its income or
profits or in respect of its property, except, in each case, to the extent (i) any such Taxes is
being contested in good faith and by appropriate proceedings for which appropriate reserves have
been established in accordance with GAAP or (ii) the failure to pay or discharge the same would not
reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

SECTION 6.05. Preservation of Existence, Etc.
(a) Preserve, renew and maintain in full force and effect its legal existence under the Laws
of the jurisdiction of its organization and (b) take all reasonable action to maintain all
corporate rights and privileges (including its good standing) except, in the case of (a) or (b), to
the extent that failure to do so would not reasonably be expected to have a Material Adverse Effect
or pursuant to a transaction permitted by Article VII.

 

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SECTION 6.06. Maintenance of Properties. Except if the failure to do so would not reasonably be expected to have a Material Adverse
Effect, maintain, preserve and protect all of its material properties and equipment necessary in
the operation of its business in good working order, repair and condition, ordinary wear and tear
excepted and casualty or condemnation excepted and consistent with past practice.

SECTION 6.07. Maintenance of Insurance.

(a) Maintain with insurance companies that the Borrower believes (in the good faith judgment
of its management) are financially sound and reputable at the time the relevant coverage is placed
or renewed, insurance with respect to its properties and business against loss or damage of the
kinds customarily insured against by Persons engaged in the same or similar business, of such types
and in such amounts (after giving effect to any self-insurance reasonable and customary for
similarly situated Persons engaged in the same or similar businesses as the Borrower and the
Restricted Subsidiaries) as are customarily carried under similar circumstances by such other
Persons.

(b) If the Borrower or any of its Restricted Subsidiaries establishes an Insurance Subsidiary,
the Borrower shall cause such Insurance Subsidiary to (i) conduct its insurance business in
compliance in all material respects with all applicable insurance laws, rules, regulations and
orders and using sound actuarial principles and (ii) maintain appropriate and customary stop-loss
coverage and excess coverage reinsurance for individual claims. The insurance premiums and other
expenses charged by any Insurance Subsidiary to the Borrower and its Restricted Subsidiaries shall
be reasonable and customary.

(c) If any portion of any Mortgaged Property is at any time located in an area identified by
the Federal Emergency Management Agency (or any successor agency) as a Special Flood Hazard Area
with respect to which flood insurance has been made available under the National Flood Insurance
Act of 1968 (as now or hereafter in effect or successor act thereto), then the Borrower shall to
(i) maintain, or cause to be maintained, with a financially sound and reputable insurer, flood
insurance in an amount and otherwise sufficient to comply with all applicable rules and regulations
promulgated pursuant to the Flood Insurance Laws and (ii) deliver to the Administrative Agent
evidence of such compliance in form and substance reasonably acceptable to the Administrative
Agent.

SECTION 6.08. Compliance with Laws. Comply in all material respects with the requirements of all Laws and all orders, writs,
injunctions and decrees of any Governmental Authority applicable to it or to its business or
property, except if the failure to comply therewith would not reasonably be expected to have a
Material Adverse Effect.

SECTION 6.09. Books and Records. Maintain proper books of record and account, in which entries that are full, true and
correct in all material respects and are in conformity with GAAP consistently applied shall be made
of all material financial transactions and matters involving the assets and business of the
Borrower or such Restricted Subsidiary, as the case may be.

 

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SECTION 6.10. Inspection Rights. Permit representatives and independent contractors of the Administrative Agent and each
Lender to visit and inspect any of its properties, to examine its corporate, financial and
operating records, and make copies thereof or abstracts therefrom (other than the records of the
Board of Directors of such Loan Party or such Restricted Subsidiary) and to discuss its affairs,
finances and accounts with its directors, officers, and independent public accountants, all at the
reasonable expense of the Borrower and at such reasonable times during normal business hours and as
often as may be reasonably desired, upon reasonable advance notice to the Borrower; provided that,
excluding

any such visits and inspections during the continuation of an Event of Default, only the
Administrative Agent on behalf of the Lenders may exercise rights of the Administrative Agent and
the Lenders under this Section 6.10 and the Administrative Agent shall not exercise such rights
more often than two (2) times during any calendar year absent the existence of an Event of Default
and only one (1) such time shall be at the Borrower’s expense; provided further that when an Event
of Default exists, the Administrative Agent or any Lender (or any of their respective
representatives or independent contractors) may do any of the foregoing at the expense of the
Borrower at any time during normal business hours and upon reasonable advance notice. The
Administrative Agent and the Lenders shall give the Borrower the opportunity to participate in any
discussions with the Borrower’s independent public accountants. Notwithstanding anything to the
contrary in this Section 6.10, none of the Borrower or any of the Restricted Subsidiaries will be
required to disclose, permit the inspection, examination or making copies or abstracts of, or
discussion of, any document, information or other matter that (i) constitutes non-financial trade
secrets or non-financial proprietary information, (ii) in respect of which disclosure to the
Administrative Agent or any Lender (or their respective representatives or contractors) is
prohibited by Law or any binding agreement or (iii) is subject to attorney-client or similar
privilege or constitutes attorney work product.

Without limiting the foregoing, it is acknowledged that during the course of the above
described visits, inspections and examinations and discussions, representatives of the Agents and
the Lenders may encounter individually identifiable healthcare information as defined under the
Administrative Simplification (including privacy and security) regulations promulgated pursuant to
the Health Insurance Portability and Accountability Act of 1996, as amended (collectively, “HIPAA”)
or the Health Information Technology for Economic and Clinical Health Act, as amended
(collectively, “HITECH”) or other confidential information relating to healthcare patients
(collectively, the “Confidential Healthcare Information”). The Borrower or the Restricted
Subsidiary maintaining such Confidential Healthcare Information shall, consistent with HIPAA’s
“minimum necessary” provisions, permit such disclosures for their “healthcare operations” purposes.
Unless otherwise required by law, the Agents, the Lenders and their respective representatives
shall not require or perform any act that would cause the Borrower or any of its Subsidiaries to
violate any laws, regulations or ordinances intended to protect the privacy rights of healthcare
patients, including, without limitation, HIPAA and HITECH.

SECTION 6.11. Covenant to Guarantee Obligations and Give Security. At the Borrower’s expense, subject to the provisions of the Collateral and Guarantee
Requirement and any applicable limitation in any Collateral Document, take all action necessary or
reasonably requested by the Administrative Agent to ensure that the Collateral and Guarantee
Requirement continues to be satisfied, including:

(a) upon (1) the formation or acquisition of any new direct or indirect Wholly Owned
Material Subsidiary (in each case, other than an Excluded Subsidiary) by any Loan Party, (2)
the designation in accordance with Section 6.14 of any existing direct or indirect Wholly
Owned Material Subsidiary (in each case, other than an Excluded Subsidiary) as a Restricted
Subsidiary, (3) any Domestic Subsidiary (in each case, other than an Excluded Subsidiary)
becoming a Wholly Owned Material Subsidiary or (4) the acquisition of any new direct or
indirect non-Wholly Owned Material Subsidiary (in each case, other than an Excluded
Subsidiary) by any Loan Party pursuant to Section 7.02(j) that is required to become a
Guarantor in accordance with Section 7.02(j)(A):

(i) within (x) forty-five (45) days or (y) with respect to any items pertaining
to Material Real Property (other than the items identified in Section 6.11(a)(iii)),
ninety (90) days, after such formation, acquisition or designation or such longer
period as the Administrative Agent may agree in its reasonable discretion:

(A) cause each such Material Subsidiary that is required to become a
Guarantor under the Collateral and Guarantee Requirement to furnish to the
Administrative Agent a description of the Material Real Properties owned by
such Material Subsidiary in detail reasonably satisfactory to the
Administrative Agent;

 

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(B) cause each such Material Subsidiary that is required to become a
Guarantor pursuant to the Collateral and Guarantee Requirement to duly
execute and deliver to the Administrative Agent Mortgages with respect to
any Material Real Property, Security Agreement Supplements and other
security agreements and documents (including, with respect to Mortgages, the
documents listed in Section 6.13(b)), as reasonably requested by and in form
and substance reasonably satisfactory to the Administrative Agent
(consistent with the Mortgages, Security Agreement and other Collateral
Documents in effect on the Closing Date, or delivered thereafter pursuant to
Section 6.13(b)), in each case granting Liens required by the Collateral and
Guarantee Requirement;

(C) cause each such Material Subsidiary that is required to become a
Guarantor pursuant to the Collateral and Guarantee Requirement to deliver
any and all certificates representing Equity Interests (to the extent
certificated) that are required to be pledged pursuant to the Collateral and
Guarantee Requirement, accompanied by undated stock powers or other
appropriate instruments of transfer executed in blank (or any other
documents customary under local law) and instruments evidencing the
intercompany Indebtedness held by such Material Subsidiary and required to
be pledged pursuant to the Collateral Documents, indorsed in blank to the
Administrative Agent;

(D) take and cause such Material Subsidiary and each direct or indirect
parent of such Material Subsidiary that is required to become a Guarantor
pursuant to the Collateral and Guarantee Requirement to take whatever action
(including the recording of Mortgages, the filing of Uniform Commercial Code
financing statements and delivery of stock and membership interest
certificates to the extent certificated) may be necessary in the reasonable
opinion of the Administrative Agent to vest in the Administrative Agent (or
in any representative of the Administrative Agent designated by it) valid
Liens required by the Collateral and Guarantee Requirement, enforceable
against all third parties in accordance with their terms, except as such
enforceability may be limited by Debtor Relief Laws and by general
principles of equity (regardless of whether enforcement is sought in equity
or at law);

(ii) within forty-five (45) days after the request therefor by the
Administrative Agent (or such longer period as the Administrative Agent may agree in
its reasonable discretion), deliver to the Administrative Agent a signed copy of an
opinion, addressed to the Administrative Agent and the other Secured Parties, of
counsel for the Loan Parties reasonably acceptable to the Administrative Agent as to
such matters set forth in this Section 6.11(a) as the Administrative Agent may
reasonably request; and

(iii) as promptly as practicable after the request therefor by the
Administrative Agent, deliver to the Administrative Agent with respect to each
Material Real Property, any existing title reports, surveys or environmental
assessment reports.

 

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(b) after the Closing Date, promptly after the acquisition of any Material Real
Property by any Loan Party other than Holdings, if such Material Real Property shall not
already be subject to a perfected Lien pursuant to the Collateral and Guarantee Requirement,
the Borrower shall give notice thereof to the Administrative Agent and within ninety (90)
days of such acquisition shall cause such Material Real Property to be subjected to a Lien
to the extent required by the Collateral and Guarantee Requirement and (within ninety (90)
days of such acquisition) will take, or cause the relevant Loan Party to take, such actions
as shall be necessary or reasonably requested by the Administrative Agent to grant and
perfect or record such Lien, including, as applicable, the actions referred to in Section
6.13(b).

SECTION 6.12. Compliance with Environmental Laws. Except, in each case, to the extent that the failure to do so would not reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect, (a) comply, and take
all reasonable actions to cause any lessees and other Persons operating or occupying its properties
to comply with all applicable Environmental Laws and Environmental Permits; (b) obtain and renew
all Environmental Permits necessary for its operations and properties; and, (c) in each case to the
extent required by applicable Environmental Laws, conduct any investigation, study, sampling and
testing, and undertake any cleanup, removal, remedial or other action necessary to remove and clean
up all Hazardous Materials from any of its properties, in accordance with the requirements of all
applicable Environmental Laws.

SECTION 6.13. Further Assurances and Post-Closing Conditions. Subject to the provisions of the Collateral and Guarantee Requirement and any applicable
limitations in any Collateral Document:

(a) Promptly upon reasonable request by the Administrative Agent (i) correct any
material defect or error that may be discovered in the execution, acknowledgment, filing or
recordation of any Collateral Document or other document or instrument relating to any
Collateral, and (ii) do, execute, acknowledge, deliver, record, re-record, file, re-file,
register and re-register any and all such further acts, deeds, certificates, assurances and
other instruments as the Administrative Agent may reasonably request from time to time in
order to carry out more effectively the purposes of the Collateral Documents.

(b) In the case of any Material Real Property, including those listed on Schedule
5.07, provide the Administrative Agent with Mortgages with respect to such owned real
property within ninety (90) days (or such longer period as the Administrative Agent may
agree in its sole discretion) of the Closing Date or the acquisition of such real property,
as applicable, together with:

(i) evidence that counterparts of the Mortgages have been duly executed,
acknowledged and delivered and are in form suitable for filing or recording in all
filing or recording offices that the Administrative Agent may deem reasonably
necessary or desirable in order to create a valid and subsisting perfected Lien on
the property and/or rights described therein in favor of the Administrative Agent
for the benefit of the Secured Parties and that all filing and recording taxes and
fees have been paid or otherwise provided for in a manner reasonably satisfactory to
the Administrative Agent;

 

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(ii) fully paid American Land Title Association Lender’s Extended Coverage
title insurance policies (including by way of endorsement of existing policies) or
the equivalent (including an unconditional binding commitment therefor to be
replaced by a final title policy) or other form available in each applicable
jurisdiction (the “Mortgage
Policies”) in form and substance, with endorsements and in amount, reasonably
acceptable to the Administrative Agent (not to exceed the value of the real
properties covered thereby), issued by title insurers reasonably acceptable to the
Administrative Agent, insuring the Mortgages to be valid subsisting Liens on the
property described therein, free and clear of all defects and encumbrances, subject
to Liens permitted by Section 7.01, and providing for such other affirmative
insurance (including endorsements for future advances under the Loan Documents)
coinsurance and direct access reinsurance as the Administrative Agent may reasonably
request;

(iii) opinions of local counsel for the Loan Parties in states in which the
real properties are located, with respect to the enforceability and perfection of
the Mortgages and any related fixture filings in form and substance reasonably
satisfactory to the Administrative Agent;

(iv) such other evidence that all other actions that the Administrative Agent
may reasonably deem necessary or desirable in order to create valid and subsisting
Liens on the property described in the Mortgages has been taken and otherwise to
comply with the Collateral and Guarantee Requirement;

(v) a copy of, or a certificate as to coverage under, the general liability
(excluding excess liability) and umbrella property insurance policies required under
Section 6.07 and the applicable provisions of the Collateral Documents, each of
which shall be endorsed or otherwise amended to include a lender’s loss payable or
mortgagee endorsement (as applicable) and shall name the Administrative Agent, on
behalf of the Secured Parties, as additional insured, in form and substance
satisfactory to the Administrative Agent; and

(vi) to the extent not previously delivered pursuant to Section 4.01(j), a
completed “Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard
Determination with respect to such Mortgaged Property (together with a notice about
special flood hazard area status and flood disaster assistance duly executed by each
of the Loan Parties relating thereto)

SECTION 6.14. Designation of Subsidiaries. The Board of Directors of the Borrower may at any time designate any Restricted Subsidiary
as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; provided
that (i) immediately before and after such designation, no Default shall have occurred and be
continuing, (ii) other than for purposes of designating a Restricted Subsidiary as an Unrestricted
Subsidiary that is a Securitization Subsidiary in connection with the establishment of a Qualified
Securitization Financing, immediately after giving effect to such designation, the Senior Secured
Leverage Ratio for the Test Period immediately preceding such designation is less than or equal to
4.00 to 1.00 (calculated on a Pro Forma Basis) (and, as a condition precedent to the effectiveness
of any such designation, the Borrower shall deliver to the Administrative Agent a certificate
setting forth in reasonable detail the calculations demonstrating satisfaction of such test) and
(iii) no Subsidiary may be designated as an Unrestricted Subsidiary if, after such designation, it
would be a “Restricted Subsidiary” for the purpose of the Senior Notes, any Permitted Additional
Debt or any Junior Financing. The designation of any Subsidiary as an Unrestricted Subsidiary
shall constitute an Investment by the Borrower therein at the date of designation in an amount
equal to the net book value of the Borrower’s investment therein. The designation of any
Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the incurrence at the time of
designation of any Indebtedness or Liens of such Subsidiary existing at such time.

 

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ARTICLE VII

Negative Covenants

So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder which is accrued and payable shall remain unpaid or unsatisfied, or any Letter of Credit
shall remain outstanding (unless the Outstanding Amount of the L/C Obligations related thereto has
been Cash Collateralized), the Borrower shall not (and, solely with respect to Section 7.14,
Holdings shall not), nor shall the Borrower permit any Restricted Subsidiary to, directly or
indirectly:

SECTION 7.01. Liens. Create, incur, assume or suffer to exist any Lien upon any of its property, assets or
revenues, whether now owned or hereafter acquired, other than the following:

(a) Liens created pursuant to any Loan Document;

(b) Liens existing on the date hereof; provided that any Lien securing Indebtedness in
excess of (x) $5,000,000 individually or (y) $20,000,000 in the aggregate (when taken
together with all other Liens outstanding in reliance on this clause (b) that are not set
forth on Schedule 7.01(b)) shall only be permitted to the extent such Lien is listed
on Schedule 7.01(b);

(c) Liens for Taxes that are not overdue for a period of more than thirty (30) days or
that are being contested in good faith and by appropriate proceedings for which appropriate
reserves have been established in accordance with GAAP;

(d) statutory or common law Liens of landlords, carriers, warehousemen, mechanics,
materialmen, repairmen, construction contractors or other like Liens arising in the ordinary
course of business and that (i) do not, individually or in the aggregate, have a Material
Adverse Effect or (ii) are being contested in good faith and by appropriate proceedings for
which appropriate reserves have been established in accordance with GAAP;

(e) (i) pledges or deposits in the ordinary course of business in connection with
workers’ compensation, unemployment insurance and other social security legislation and (ii)
pledges and deposits in the ordinary course of business securing liability for reimbursement
or indemnification obligations of (including obligations in respect of letters of credit or
bank guarantees for the benefit of) insurance carriers providing property, casualty or
liability insurance to the Borrower or any Restricted Subsidiaries;

(f) deposits to secure the performance of bids, trade contracts, governmental contracts
and leases (other than Indebtedness for borrowed money), statutory obligations, surety,
stay, customs and appeal bonds, performance bonds and other obligations of a like nature
(including those to secure health, safety and environmental obligations) incurred in the
ordinary course of business;

(g) easements, rights-of-way, restrictions (including zoning restrictions),
encroachments, protrusions and other similar encumbrances and minor title defects affecting
real property that, in the aggregate, do not in any case materially interfere with the
ordinary conduct of the business of the Borrower and its Subsidiaries, taken as a whole, and
any exception on the title policies issued in connection with the Mortgaged Property;

 

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(h) Liens arising from judgments or orders for the payment of money not constituting an
Event of Default under Section 8.01(g);

(i) (i) Liens securing Indebtedness permitted under Section 7.03(e); provided that (A)
such Liens attach concurrently with or within two hundred and seventy (270) days after
completion of the acquisition, construction, repair, replacement or improvement (as
applicable) of the property subject to such Liens, (B) with respect to any such Indebtedness
other than Capitalized Leases, such Liens do not at any time encumber any property other
than the property financed by such Indebtedness, replacements thereof and additions and
accessions to such property and the proceeds and the products thereof and customary security
deposits and (C) with respect to Capitalized Leases, such Liens do not at any time extend to
or cover any assets (except for additions and accessions to such assets, replacements and
products thereof and customary security deposits) other than the assets subject to such
Capitalized Leases; provided that individual financings of equipment provided by one lender
may be cross collateralized to other financings of equipment provided by such lender and
(ii) Liens on assets of Restricted Subsidiaries that are not Guarantors securing
Indebtedness permitted pursuant to Section 7.03 in an aggregate principal amount not to
exceed the limitation thereon set forth in the penultimate paragraph of Section 7.03;

(j) leases, licenses, subleases or sublicenses granted to others in the ordinary course
of business which do not (i) interfere in any material respect with the business of the
Borrower and its Subsidiaries, taken as a whole, or (ii) secure any Indebtedness;

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

(l) Liens (i) of a collecting bank arising under Section 4-210 of the Uniform
Commercial Code on the items in the course of collection, (ii) attaching to commodity
trading accounts or other commodities brokerage accounts incurred in the ordinary course of
business and (iii) in favor of a banking or other financial institution arising as a matter
of law or contract encumbering deposits or other funds or assets maintained with a financial
institution (including the right of set off) and that are within the general parameters
customary in the banking industry;

(m) Liens (i) on cash advances in favor of the seller of any property to be acquired in
an Investment permitted pursuant to Section 7.02(j) or Section 7.02(n) to be applied against
the purchase price for such Investment or (ii) consisting of an agreement to Dispose of any
property in a Disposition permitted under Section 7.05, in each case, solely to the extent
such Investment or Disposition, as the case may be, would have been permitted on the date of
the creation of such Lien;

(n) Liens existing on property at the time of its acquisition or existing on the
property of any Person at the time such Person becomes a Restricted Subsidiary (other than
by designation as a Restricted Subsidiary pursuant to Section 6.14), in each case after the
date hereof; provided that (i) such Lien was not created in contemplation of such
acquisition or such Person becoming a Restricted Subsidiary, (ii) such Lien does not extend
to or cover any other assets or property (other than the proceeds or products thereof and,
in the case of a Restricted Subsidiary that is not a Guarantor, other than after-acquired
property subjected to a Lien securing Indebtedness and other obligations permitted hereunder
incurred prior to such time that require, pursuant to their terms at such time, a pledge of
after-acquired property, it being understood that such requirement shall not be permitted to
apply to any property to which such requirement would not
have applied but for such acquisition), and (iii) the Indebtedness secured thereby is
permitted under Section 7.03(e), (g) or (h)(i)(A);

 

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(o) any interest or title of a lessor, sublessor, licensor or sublicensor under leases
or licenses entered into by the Borrower or any of the Restricted Subsidiaries in the
ordinary course of business;

(p) Liens arising out of conditional sale, title retention, consignment or similar
arrangements for sale of goods entered into by the Borrower or any of the Restricted
Subsidiaries in the ordinary course of business;

(q) Liens deemed to exist in connection with Investments in repurchase agreements under
Section 7.02 and reasonable customary initial deposits and margin deposits and similar Liens
attaching to commodity trading accounts or other brokerage accounts maintained in the
ordinary course of business and not for speculative purposes;

(r) Liens that are contractual rights of set-off (i) relating to the establishment of
depository relations with banks or other financial institutions not given in connection with
the issuance of Indebtedness, (ii) relating to pooled deposit or sweep accounts of the
Borrower or any of the Restricted Subsidiaries to permit satisfaction of overdraft or
similar obligations incurred in the ordinary course of business of the Borrower and the
Restricted Subsidiaries or (iii) relating to purchase orders and other agreements entered
into with customers of the Borrower or any of the Restricted Subsidiaries in the ordinary
course of business;

(s) Liens solely on any cash earnest money deposits made by the Borrower or any of the
Restricted Subsidiaries in connection with any letter of intent or purchase agreement
permitted hereunder;

(t) (i) Liens on the Equity Interests of any Restricted Subsidiary acquired pursuant to
a Permitted Acquisition to secure Indebtedness incurred or assumed pursuant to Section
7.03(g) in connection with such Permitted Acquisition and (ii) Liens on the assets of such
Restricted Subsidiary and any of its Subsidiaries to secure Indebtedness (or to secure a
Guarantee of such Indebtedness) incurred or assumed pursuant to Section 7.03(g) in
connection with such Permitted Acquisition;

(u) ground leases in respect of real property on which facilities owned or leased by
the Borrower or any of its Subsidiaries are located;

(v) Liens arising from precautionary Uniform Commercial Code financing statement or
similar filings;

(w) Liens on insurance policies and the proceeds thereof securing the financing of the
premiums with respect thereto;

(x) Liens on the Securitization Assets arising in connection with a Qualified
Securitization Financing;

(y) any zoning or similar law or right reserved to or vested in any Governmental
Authority to control or regulate the use of any real property that does not materially
interfere with the ordinary conduct of the business of the Borrower and its Subsidiaries,
taken as a whole;

 

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(z) Liens on specific items of inventory or other goods and the proceeds thereof
securing such Person’s obligations in respect of documentary letters of credit or banker’s
acceptances issued or created for the account of such Person to facilitate the purchase,
shipment or storage of such inventory or goods;

(aa) Liens, including Liens on the Collateral that rank pari passu with or are
subordinated to the Liens securing the Obligations, securing Indebtedness permitted under
the proviso to the first paragraph of Section 7.03 so long as the Senior Secured Leverage
Ratio (excluding from the calculation thereof for this purpose the cash proceeds of the
aggregate amount of Incremental Term Loans and other Indebtedness secured by a Lien
permitted by this Section 7.01(aa), in each case, incurred on the relevant date) for the
Test Period immediately preceding such incurrence would be less than or equal to 3.75 to
1.00 (calculated on a Pro Forma Basis (including a pro forma application of the net proceeds
therefrom) as if such Indebtedness had been incurred and the application of the proceeds
therefrom had occurred on the first day of such Test Period); provided, further that in the
case of any Liens on the Collateral permitted under this clause (aa), the Administrative
Agent and the collateral agent for the holders of the Indebtedness secured by such Liens
shall enter into (i) in the case of Indebtedness secured by Liens that rank pari passu with
the Liens securing the Obligations, a First Lien Intercreditor Agreement and (ii) in the
case of Indebtedness secured by Liens that rank junior to the Liens securing the
Obligations, a Junior Lien Intercreditor Agreement;

(bb) the modification, replacement, renewal or extension of any Lien permitted by
clauses (b), (i), (n), (t) and (aa) of this Section 7.01; provided that (i) the Lien does
not extend to any additional property other than (A) after-acquired property that is affixed
or incorporated into the property covered by such Lien or financed by Indebtedness permitted
under Section 7.03, and (B) proceeds and products thereof, (ii) the aggregate principal
amount of the Indebtedness, if any, secured by such Liens does not increase from the amount
outstanding at the time of such modification, replacement, renewal or extension, and (iii)
the renewal, extension or refinancing of the obligations secured or benefited by such Liens
is permitted by Section 7.03; and

(cc) other Liens securing Indebtedness or other obligations in an aggregate principal
amount at any time outstanding not to exceed the greater of $125,000,000 and 5.0% of Total
Assets, in each case determined as of the date of incurrence; provided that (i) in the case
of any Liens on the Collateral permitted under this clause (cc), the Administrative Agent
and the collateral agent for the holders of the Indebtedness secured by such Liens shall
enter into (i) in the case of Indebtedness secured by Liens that rank pari passu with the
Liens securing the Obligations, a First Lien Intercreditor Agreement and (ii) in the case of
Indebtedness secured by Liens that rank junior to the Liens securing the Obligations, a
Junior Lien Intercreditor Agreement and (ii) no more than $75,000,000 principal amount of
Indebtedness may be secured by Liens ranking pari passu with the Liens securing the
Obligations pursuant to this clause (cc).

SECTION 7.02. Investments. Make or hold any Investments, except:

(a) Investments by the Borrower or any of the Restricted Subsidiaries in assets that
were Cash Equivalents or Investment Grade Securities when such Investment was made;

(b) loans or advances to officers, directors and employees of Holdings (or any direct
or indirect parent thereof), the Borrower and the Restricted Subsidiaries (i) for reasonable
and customary business-related travel, entertainment, relocation and analogous ordinary
business purposes, (ii) in connection with such Person’s purchase of Equity Interests of the
Borrower (or any
direct or indirect parent thereof) and (iii) for purposes not described in the
foregoing clauses (i) and (ii), in an aggregate principal amount outstanding under this
clause (iii) not to exceed $15,000,000;

 

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(c) asset purchases (including purchases of inventory, supplies and materials) and the
licensing or contribution of intellectual property pursuant to joint marketing arrangements
with other Persons, in each case in the ordinary course of business;

(d) Investments (i) by any Loan Party in any other Loan Party, (ii) by any Non-Loan
Party in any other Non-Loan Party that is a Restricted Subsidiary, (iii) by any Non-Loan
Party in any Loan Party, (iv) consisting of intercompany Investments incurred in the
ordinary course of business in connection with the cash management operations (including
with respect to intercompany self-insurance arrangements) of the Borrower and the Restricted
Subsidiaries, (v) by any Loan Party in any Non-Loan Party; provided that (A) any such
Investments made pursuant to this clause (v) in the form of intercompany loans shall be
evidenced by notes that have been pledged (individually or pursuant to a global note) to the
Administrative Agent for the benefit of the Lenders (it being understood and agreed that any
Investments permitted under this clause (v) that are not so evidenced as of the Closing Date
are not required to be so evidenced and pledged until the date that is ninety (90) days
after the Closing Date) and (B) either (I) the amount of such Investment made pursuant to
this clause (v) does not exceed the Available Amount at the time such Investment is made or
(II) after giving effect to such Investment, the Permitted Non-Guarantor Investment
Condition would be satisfied;

(e) Investments consisting of extensions of credit in the nature of accounts receivable
or notes receivable arising from the grant of trade credit in the ordinary course of
business, and Investments received in satisfaction or partial satisfaction thereof from
financially troubled account debtors and other credits to suppliers in the ordinary course
of business;

(f) Investments consisting of Liens, Indebtedness, fundamental changes, Dispositions
and Restricted Payments permitted under Sections 7.01, 7.03, 7.04, 7.05 and 7.06,
respectively;

(g) Investments (i) existing on the date hereof or made pursuant to legally binding
written contracts in existence on the date hereof or (ii) contemplated on the date hereof
and set forth on Schedule 7.02(g), and in each case any modification, replacement,
renewal, reinvestment or extension thereof; provided that the amount of any Investment
permitted pursuant to this Section 7.02(g) is not increased from the amount of such
Investment on the Closing Date except pursuant to the terms of such Investment as of the
Closing Date or as otherwise permitted by this Section 7.02;

(h) Investments in Swap Contracts permitted under Section 7.03(f);

(i) promissory notes and other non-cash consideration received in connection with
Dispositions permitted by Section 7.05;

 

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(j) the purchase or other acquisition of property and assets or businesses of any
Person or of assets constituting a business unit, a line of business or division of such
Person, or Equity Interests in a Person that, upon the consummation thereof, will be a
Subsidiary of the Borrower (including as a result of a merger or consolidation); provided
that, with respect to each purchase or other acquisition made pursuant to this Section 7.02(j) (each, a “Permitted
Acquisition”):

(A) except to the extent (I) the Permitted Non-Guarantor Investment Condition
shall be satisfied after giving effect to such purchase or acquisition or (II) such
purchase or acquisition is otherwise permitted by another exception to this Section
7.02, the property, assets and businesses acquired in such purchase or other
acquisition shall either be owned directly by the Borrower, a Guarantor or the
Person acquired shall become a Guarantor;

(B) the acquired property, assets, business or Person is in a business
permitted under Section 7.07;

(C) (1) immediately before and immediately after giving Pro Forma Effect to any
such purchase or other acquisition, no Default shall have occurred and be continuing
and (2) immediately after giving effect to such purchase or other acquisition, the
Total Leverage Ratio for the Test Period immediately preceding such purchase or
other acquisition is less than or equal to 6.00 to 1.00 (calculated on a Pro Forma
Basis) and, satisfaction of such test shall be evidenced by a certificate from a
Responsible Officer of the Borrower demonstrating such satisfaction calculated in
reasonable detail; and

(D) the Borrower shall have delivered to the Administrative Agent, on behalf of
the Lenders, no later than five (5) Business Days after the date on which any such
purchase or other acquisition is consummated, a certificate of a Responsible
Officer, in form and substance reasonably satisfactory to the Administrative Agent,
certifying that all of the requirements set forth in this clause (j) have been
satisfied or will be satisfied on or prior to the consummation of such purchase or
other acquisition;

(k) Investments in the ordinary course of business consisting of Article 3 endorsements
for collection or deposit and Article 4 customary trade arrangements with customers
consistent with past practices;

(l) Investments (including debt obligations and Equity Interests) received in
connection with the bankruptcy or reorganization of suppliers and customers or in settlement
of delinquent obligations of, or other disputes with, customers and suppliers arising in the
ordinary course of business or upon the foreclosure with respect to any secured Investment
or other transfer of title with respect to any secured Investment;

(m) loans and advances to Holdings (or any direct or indirect parent thereof) in lieu
of, and not in excess of the amount of (after giving effect to any other loans, advances or
Restricted Payments in respect thereof), Restricted Payments to the extent permitted to be
made to Holdings (or such direct or indirect parent) in accordance with (i) Section 7.06(f),
(ii) Section 7.06(g) or (iii) Section 7.06(l);

(n) other Investments that in each case do not exceed the Available Amount at the time
they are made;

(o) Investments in joint ventures (regardless of the legal form but excluding
Unrestricted Subsidiaries); provided that, with respect to each Investment made pursuant to
this Section 7.02(o) (each, a “Permitted JV”):

(A) the Borrower or any other Loan Party shall own, directly or indirectly
(including, without limitation, through a Permitted JV), at least a majority of the
Equity Interests in such joint venture;

 

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(B) immediately after giving effect to such Investment, the Permitted
Non-Guarantor Investment Condition would be satisfied; and

(C) the Borrower shall have delivered to the Administrative Agent, on behalf of
the Lenders, no later than five (5) Business Days after the date on which any such
purchase or other acquisition is consummated, a certificate of a Responsible
Officer, in form and substance reasonably satisfactory to the Administrative Agent,
certifying that all of the requirements set forth in this clause (j) have been
satisfied or will be satisfied on or prior to the consummation of such purchase or
other acquisition;

(p) advances of payroll payments to employees in the ordinary course of business;

(q) Investments to the extent that payment for such Investments is made solely with
Equity Interests of the Borrower (or by any direct or indirect parent thereof);

(r) Investments held by a Restricted Subsidiary acquired after the Closing Date or of a
Person merged into the Borrower or merged or consolidated with a Restricted Subsidiary in
accordance with Section 7.04 after the Closing Date to the extent that such Investments were
not made in contemplation of or in connection with such acquisition, merger or consolidation
and were in existence on the date of such acquisition, merger or consolidation;

(s) Guarantees by the Borrower or any of the Restricted Subsidiaries of leases (other
than Capitalized Leases) or of other obligations that do not constitute Indebtedness, in
each case entered into in the ordinary course of business;

(t) Investments consisting of purchases and acquisitions of assets or services in the
ordinary course of business;

(u) Investments made in the ordinary course of business in connection with obtaining,
maintaining or renewing client contracts and loans or advances made to distributors in the
ordinary course;

(v) (i) Investments in a Securitization Subsidiary or any Investment by a
Securitization Subsidiary in any other Person in connection with a Qualified Securitization
Financing; provided, however, that any such Investment in a Securitization Subsidiary is in
the form of a contribution of additional Securitization Assets or as equity, and (ii)
distributions or payments of Securitization Fees and purchases of Securitization Assets
pursuant to a Securitization Repurchase Obligation in connection with a Qualified
Securitization Financing;

(w) Investments made by any Restricted Subsidiary that is not a Loan Party to the
extent such Investments are financed with the proceeds received by such Restricted
Subsidiary from an Investment made pursuant to clauses (d)(v), (n) or (o) of this Section
7.02;

 

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(x) in the event the Borrower or a Restricted Subsidiary shall establish a Subsidiary
for the purpose of, and to be engaging solely in the business of, insuring the healthcare
businesses or facilities owned or operated by the Borrower, any Restricted Subsidiary or any
physician employed by or on the medical staff of any such business or facility (the
“Insurance Subsidiary”),
Investments in an aggregate amount that does not exceed the minimum amount of capital
required under the laws of the jurisdiction in which the Insurance Subsidiary is formed,
plus the amount of any reasonable, general corporate and overhead expense of such Insurance
Subsidiary; provided that in the event that less than 100% of the Equity Interests
of such Insurance Subsidiary is pledged to the Administrative Agent, such Insurance
Subsidiary shall be wholly-owned by a special purpose Wholly Owned Domestic Subsidiary of
the Borrower organized solely to hold such Equity Interests;

(y) Investments in Health Choice required to be made under applicable laws, rules and
regulations or pursuant to contractual obligations of the Borrower or a Subsidiary with the
Arizona Health Care Cost Containment System as in effect on the Closing Date;

(z) other Investments by the Borrower or any Restricted Subsidiary in an aggregate
amount at any time outstanding not to exceed $50,000,000.

SECTION 7.03. Indebtedness. Create, incur, assume or suffer to exist any Indebtedness, provided that the Borrower or
any Guarantor may incur Permitted Additional Debt if (i) (x) immediately before and after such
incurrence on a Pro Forma Basis (including a pro forma application of the net proceeds therefrom),
no Default shall have occurred and be continuing and (y) the Total Leverage Ratio (excluding for
this purpose the cash proceeds of any Indebtedness incurred on such date) as of the last day of the
Test Period immediately preceding such incurrence would be less than or equal to 6.00 to 1.00 or
(ii) such Indebtedness is a Permitted Refinancing of Indebtedness previously incurred under clause
(i) of this proviso. The limitations set forth in the immediately preceding sentence shall not
apply to any of the following items:

(a) Indebtedness of the Borrower and the Restricted Subsidiaries under the Loan
Documents;

(b) (i) Indebtedness existing on the date hereof; provided that any Indebtedness that
is in excess of (x) $5,000,000 individually or (y) $20,000,000 in the aggregate (when taken
together with all other Indebtedness outstanding in reliance on this clause (b) that is not
set forth on Schedule 7.03(b)) shall only be permitted under this clause (b) to the
extent such Indebtedness is set forth on Schedule 7.03(b), and any Permitted
Refinancing thereof, (ii) intercompany Indebtedness outstanding on the date hereof and (iii)
for a period of sixty-one (61) days after the Closing Date, Indebtedness under the Senior
Subordinated Notes;

(c) Guarantees by the Borrower and the Restricted Subsidiaries in respect of
Indebtedness of the Borrower or any of the Restricted Subsidiaries otherwise permitted
hereunder (except that a Restricted Subsidiary that is not a Loan Party may not, by virtue
of this Section 7.03(c), Guarantee Indebtedness that such Restricted Subsidiary could not
otherwise incur under this Section 7.03); provided that (A) no Guarantee by any Restricted
Subsidiary of the Senior Notes or any Permitted Additional Debt incurred pursuant to the
proviso of the first sentence of this Section 7.03 or pursuant to Section 7.03(x) below
shall be permitted unless such Restricted Subsidiary shall have also provided a Guarantee of
the Obligations pursuant to the Guaranty and (B) if the Indebtedness being Guaranteed is
subordinated to the Obligations, such Guarantee shall be subordinated to the Guarantee of
the Obligations on terms at least as favorable to the Lenders as those contained in the
subordination of such Indebtedness;

(d) Indebtedness of the Borrower or any of the Restricted Subsidiaries owing to
Holdings, the Borrower or any other Restricted Subsidiary, and Guarantees, in each case to
the extent constituting an Investment permitted by Section 7.02;

 

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(e) (i) Attributable Indebtedness and other Indebtedness financing the acquisition,
construction, repair, replacement or improvement of fixed or capital assets; provided that
such Indebtedness is incurred not later than two hundred and seventy (270) days after
completion of the applicable acquisition, construction, repair, replacement or improvement,
(ii) Attributable Indebtedness arising out of sale-leaseback transactions permitted by
Section 7.05(f), (iii) Indebtedness arising under Capitalized Leases other than those in
effect on the date hereof or entered into pursuant to sub-clauses (i) and (ii) of this
clause (e); provided that the aggregate principal amount of Indebtedness at any time
outstanding pursuant to this sub-clause (iii) shall not exceed the greater of $40,000,000
and 1.5% of Total Assets, in each case determined as of the date of incurrence and (iv) any
Permitted Refinancing of any Indebtedness set forth in the immediately preceding clauses
(i), (ii) and (iii);

(f) Indebtedness in respect of Swap Contracts designed to hedge against interest rates,
foreign exchange rates or commodities pricing risks and not for speculative purposes and
Guarantees thereof;

(g) Indebtedness of the Borrower or any Restricted Subsidiary (i) assumed in connection
with any Permitted Acquisition or (ii) incurred to finance a Permitted Acquisition, in each
case, that is secured only by the assets or business acquired in the applicable Permitted
Acquisition (including any acquired Equity Interests) (and any Permitted Refinancing of the
foregoing) and so long as the aggregate principal amount of such Indebtedness and all
Indebtedness resulting from any Permitted Refinancing thereof at any time outstanding
pursuant to this paragraph (g) does not exceed the greater of $50,000,000 and 2.0% of Total
Assets, in each case determined as of the date of incurrence;

(h) (i) Indebtedness of the Borrower or any Restricted Subsidiary (A) assumed in
connection with any Permitted Acquisition; provided that such Indebtedness is not incurred
in contemplation of such Permitted Acquisition, or (B) incurred to finance a Permitted
Acquisition and (ii) any Permitted Refinancing of the foregoing; provided, in each case that
such Indebtedness and all Indebtedness resulting from any Permitted Refinancing thereof (x)
is unsecured and (y) both immediately prior and after giving effect thereto, (1) no Default
shall exist or result therefrom and (2) the Total Leverage Ratio (calculated on a Pro Forma
Basis, including giving Pro Forma Effect to the assumption or incurrence of such
Indebtedness) shall not be greater than 6.00 to 1.00; provided that a certificate of a
Responsible Officer delivered to the Administrative Agent at least five Business Days prior
to the incurrence of such Indebtedness, together with a reasonably detailed description of
the material terms and conditions of such Indebtedness or drafts of the documentation
relating thereto, stating that the Borrower has determined in good faith that such terms and
conditions satisfy the foregoing requirement shall be conclusive evidence that such terms
and conditions satisfy the foregoing requirement unless the Administrative Agent notifies
the Borrower within such five Business Day period that it disagrees with such determination
(including a reasonable description of the basis upon which it disagrees); provided further
that notwithstanding anything contained in the Loan Documents to the contrary, (a) the only
obligors with respect to any Indebtedness incurred pursuant to clause (A) of this paragraph
or any Permitted Refinancing of Indebtedness in respect thereof shall be those Persons who
were obligors with respect to such Indebtedness immediately prior to such Permitted
Acquisition and (b) Restricted Subsidiaries that are Non-Loan Parties may not incur
Indebtedness pursuant to this clause (h) in
an aggregate principal amount at any time outstanding in excess of the greater of
$50,000,000 and 2.0% of Total Assets, in each case determined as of the date of incurrence;

 

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(i) Indebtedness representing deferred compensation to employees of the Borrower and
its Subsidiaries incurred in the ordinary course of business;

(j) Indebtedness to current or former officers, directors, managers, consultants and
employees, their respective estates, spouses or former spouses to finance the purchase or
redemption of Equity Interests of the Borrower (or any direct or indirect parent thereof)
permitted by Section 7.06;

(k) Indebtedness incurred by the Borrower or any of the Restricted Subsidiaries in a
Permitted Acquisition, any other Investment expressly permitted hereunder or any
Disposition, in each case to the extent constituting indemnification obligations or
obligations in respect of purchase price (including earn-outs) or other similar adjustments;

(l) Indebtedness consisting of obligations of the Borrower and the Restricted
Subsidiaries under deferred compensation or other similar arrangements incurred by such
Person in connection with any Permitted Acquisitions or any other Investment expressly
permitted hereunder;

(m) Cash Management Obligations and other Indebtedness in respect of netting services,
automatic clearinghouse arrangements, overdraft protections, employee credit card programs
and other cash management and similar arrangements in the ordinary course of business and
any Guarantees thereof;

(n) Indebtedness in an aggregate principal amount not to exceed the greater of
$125,000,000 and 5.0% of Total Assets at any time outstanding, in each case determined as of
the date of incurrence;

(o) Indebtedness consisting of (a) the financing of insurance premiums or (b)
take-or-pay obligations contained in supply arrangements, in each case, in the ordinary
course of business;

(p) Indebtedness incurred by the Borrower or any of the Restricted Subsidiaries in
respect of letters of credit, bank guarantees, bankers’ acceptances, warehouse receipts or
similar instruments issued or created in the ordinary course of business or consistent with
past practice, including in respect of Health Choice medical claims liability, workers
compensation claims, health, disability or other employee benefits or property, casualty or
liability insurance or self-insurance or other Indebtedness with respect to
reimbursement-type obligations regarding workers compensation claims;

(q) obligations in respect of performance, bid, appeal and surety bonds and performance
and completion guarantees and similar obligations provided by the Borrower or any of the
Restricted Subsidiaries, and obligations in respect of letters of credit, bank guarantees or
similar instruments related thereto, in each case in the ordinary course of business or
consistent with past practice;

(r) Indebtedness incurred by a Securitization Subsidiary in a Qualified Securitization
Financing that is not recourse (except for Standard Securitization Undertakings) to the
Borrower or any of the Restricted Subsidiaries;

(s) Indebtedness supported by a Letter of Credit, in a principal amount not to exceed
the face amount of such Letter of Credit;

 

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(t) Indebtedness in respect of the Senior Notes (including any guarantees thereof), the
exchange notes and the related exchange guarantees to be issued in exchange for the Senior
Notes pursuant to the registration rights agreement entered into in connection with the
issuance of the Senior Notes and any Permitted Refinancing thereof;

(u) all premiums (if any), interest (including post-petition interest), fees, expenses,
charges and additional or contingent interest on obligations described in clauses (a)
through (t) above and (v) through (x) below;

(v) Guarantees incurred in the ordinary course of business in respect of obligations to
suppliers, customers, franchisees, lessors and licensees;

(w) Indebtedness incurred in the ordinary course of business in respect of obligations
of the Borrower or any Restricted Subsidiary to pay the deferred purchase price of goods or
services or progress payments in connection with such goods and services; and

(x) Indebtedness in respect of (i) Permitted Additional Debt to the extent the Net Cash
Proceeds therefrom are, except as set forth in Section 7.12(a), immediately after the
receipt thereof, offered to prepay the Term Loans in accordance with Section 2.05(b) and
(ii) any Permitted Refinancing of the foregoing.

For purposes of determining compliance with this Section 7.03, in the event that an item of
Indebtedness meets the criteria of more than one of the categories of Indebtedness described in
clauses (b) through (x) (other than clause (t)) above, the Borrower shall, in its sole discretion,
classify and reclassify or later divide, classify or reclassify such item of Indebtedness (or any
portion thereof) and will only be required to include the amount and type of such Indebtedness in
one or more of the above clauses; provided that (i) all Indebtedness outstanding under the Loan
Documents will be deemed to have been incurred on such date in reliance only on the exception in
clause (a) of Section 7.03 and (ii) all Indebtedness outstanding under the Senior Notes will be
deemed to have been incurred on such date in reliance only on the exception of clause (t) of
Section 7.03.

In addition, and notwithstanding any provision to the contrary set forth in this Section 7.03
or otherwise in this Agreement, the aggregate outstanding principal amount of all Indebtedness
(other than Indebtedness owed to the Borrower or any other Restricted Subsidiary) incurred by all
Restricted Subsidiaries of the Borrower that are not Guarantors (including, without limitation, all
Permitted JVs) shall not exceed $100,000,000 at any time outstanding.

The accrual of interest, the accretion of accreted value and the payment of interest in the
form of additional Indebtedness shall not be deemed to be an incurrence of Indebtedness for
purposes of this Section 7.03.

SECTION 7.04. Fundamental Changes. Merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether
in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any
Person, except that:

(a) the Borrower may merge or consolidate with any Restricted Subsidiary (including a
merger, the purpose of which is to reorganize the Borrower into a new jurisdiction);
provided that (x) the Borrower shall be the continuing or surviving Person and (y) such
merger or consolidation does not result in the Borrower ceasing to be incorporated under the
Laws of the United States, any state thereof or the District of Columbia;

 

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(b) (i) any Restricted Subsidiary that is not a Loan Party may merge or consolidate
with or into any other Restricted Subsidiary of the Borrower that is not a Loan Party and
(ii) any Restricted Subsidiary may liquidate or dissolve or change its legal form if the
Borrower determines in good faith that such action is in the best interests of the Borrower
and its Subsidiaries and if not materially disadvantageous to the Lenders;

(c) any Restricted Subsidiary may Dispose of all or substantially all of its assets
(upon voluntary liquidation or otherwise) to the Borrower or another Restricted Subsidiary;
provided that if the transferor in such a transaction is a Loan Party, then (i) the
transferee must be a Loan Party or (ii) to the extent constituting an Investment or giving
rise to the incurrence of Indebtedness, such Investment must be a permitted Investment in or
such Indebtedness must be Indebtedness of a Restricted Subsidiary in accordance with
Sections 7.02 and 7.03, respectively;

(d) so long as no Default exists or would result therefrom, the Borrower may merge with
any other Person (so long as, to the extent constituting an Investment, such Investment
shall be a permitted Investment in accordance with Section 7.02); provided that (i) the
Borrower shall be the continuing or surviving corporation or (ii) if the Person formed by or
surviving any such merger or consolidation is not the Borrower (any such Person, the
“Successor Borrower”), (A) the Successor Borrower shall be an entity organized or existing
under the laws of the United States, any state thereof, the District of Columbia or any
territory thereof, (B) the Successor Borrower shall expressly assume all the obligations of
the Borrower under this Agreement and the other Loan Documents to which the Borrower is a
party pursuant to a supplement hereto or thereto in form reasonably satisfactory to the
Administrative Agent, (C) each Guarantor, unless it is the other party to such merger or
consolidation, shall have by a supplement to the Guaranty confirmed that its Guarantee shall
apply to the Successor Borrower’s obligations under this Agreement, (D) each Loan Party,
unless it is the other party to such merger or consolidation, shall have by a supplement to
the Security Agreement confirmed that its obligations thereunder shall apply to the
Successor Borrower’s obligations under this Agreement, (E) each mortgagor of a Mortgaged
Property, unless it is the other party to such merger or consolidation, shall have by an
amendment to or restatement of the applicable Mortgage (or other instrument reasonably
satisfactory to the Administrative Agent) confirmed that its obligations thereunder shall
apply to the Successor Borrower’s obligations under this Agreement, and (F) the Borrower
shall have delivered to the Administrative Agent an officer’s certificate and an opinion of
counsel, each stating that such merger or consolidation and such supplement to this
Agreement or any Collateral Document comply with this Agreement; provided, further, that if
the foregoing are satisfied, the Successor Borrower will succeed to, and be substituted for,
the Borrower under this Agreement;

(e) so long as no Default exists or would result therefrom, any Restricted Subsidiary
may merge or consolidate with any other Person (i) in order to effect an Investment
permitted pursuant to Section 7.02 or (ii) for any other purpose; provided that (A) the
continuing or surviving Person shall be the Borrower or a Restricted Subsidiary, which
together with each of its Restricted Subsidiaries, shall have complied with the applicable
requirements of Section 6.11; and
(B) in the case of subclause (ii) only, if (1) the merger or consolidation involves a
Guarantor and such Guarantor is not the surviving Person, the surviving Restricted
Subsidiary shall expressly assume all the obligations of such Guarantor under this Agreement
and the other Loan Documents to which the Guarantor is a party pursuant to a supplement
hereto or thereto in form reasonably satisfactory to the Administrative Agent and (2) the
Total Leverage Ratio for the Test Period immediately preceding such merger or consolidation
is less than or equal to 6.00 to 1.00 (calculated on a Pro Forma Basis); and

 

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(f) so long as no Default exists or would result therefrom, a merger, dissolution,
liquidation, consolidation or Disposition, the purpose of which is to effect a Disposition
permitted pursuant to Section 7.05.

SECTION 7.05. Dispositions. Make any Disposition or enter into any agreement to make any Disposition, except:

(a) Dispositions of obsolete, worn out, used or surplus property, whether now owned or
hereafter acquired, in the ordinary course of business and Dispositions of property no
longer used or useful in the conduct of the business of the Borrower and the Restricted
Subsidiaries;

(b) Dispositions of inventory and goods held for sale in the ordinary course of
business and Dispositions of immaterial assets (including a failure to pursue or allowing
any registrations or any applications for registration of any IP Rights to lapse or go
abandoned in the ordinary course of business if, in the Borrower’s reasonable opinion, such
failure to pursue, lapse or abandonment is desirable in the conduct of business of the
Borrower or such Restricted Subsidiary);

(c) Dispositions of property to the extent that (i) such property is exchanged for
credit against the purchase price of similar replacement property or (ii) the proceeds of
such Disposition are applied to the purchase price of such replacement property (which
replacement property is actually promptly purchased);

(d) Dispositions of property to Holdings, the Borrower or a Restricted Subsidiary;
provided that if the transferor of such property is a Loan Party (i) the transferee thereof
must be a Loan Party or (ii) to the extent such transaction constitutes an Investment, such
transaction is permitted under Section 7.02;

(e) Dispositions permitted by Sections 7.02, 7.04 and 7.06 and Liens permitted by
Section 7.01;

(f) Dispositions of property pursuant to sale-leaseback transactions; provided that the
fair market value of all property so Disposed of after the Closing Date (taken together with
the aggregate book value of all property Disposed of pursuant to Section 7.05(j) and Section
7.05(r)(ii)(B)) shall not exceed the greater of $625,000,000 and 25.0% of Total Assets, in
each case determined as of the date of Disposition;

(g) Dispositions of Cash Equivalents and Investment Grade Securities;

(h) leases, subleases, licenses or sublicenses (including the provision of software
under an open source license) with respect to real or personal property, in each case in the
ordinary course of business and which do not materially interfere with the business of the
Borrower and
the Restricted Subsidiaries, taken as a whole, including leases of unimproved real
property encumbered by a Mortgage, on which real property the lessee may make improvements;

(i) transfers of property subject to Casualty Events upon receipt of the Net Cash
Proceeds of such Casualty Event;

 

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(j) Dispositions of property not otherwise permitted under this Section 7.05; provided
that (i) at the time of such Disposition (other than any such Disposition made pursuant to a
legally binding commitment entered into at a time when no Default exists), no Default shall
exist or would result from such Disposition; (ii) the aggregate book value of all property
Disposed of in reliance on this clause (j) (taken together with the aggregate fair market
value of all property Disposed of pursuant to Section 7.05(f) and Section 7.05(r)(ii)(B))
shall not exceed the greater of $625,000,000 and 25.0% of Total Assets, in each case
determined as of the date of Disposition, without the consent of the Required Lenders; (iii)
with respect to any Disposition pursuant to this clause (j) for a purchase price in excess
of $20,000,000, the Borrower or any of the Restricted Subsidiaries shall receive not less
than 75% of such consideration in the form of cash or Cash Equivalents (in each case, free
and clear of all Liens at the time received, other than nonconsensual Liens permitted by
Section 7.01 and Liens permitted by Section 7.01(a), Section 7.01(l) and clauses (i) and
(ii) of Section 7.01(r)); provided, however, that for the purposes of this clause (iii), (A)
any liabilities (as shown on the Borrower’s or such Restricted Subsidiary’s most recent
balance sheet provided hereunder or in the footnotes thereto) of the Borrower or such
Restricted Subsidiary, other than liabilities that are by their terms subordinated to the
payment in cash of the Obligations, that are assumed by the transferee with respect to the
applicable Disposition and for which the Borrower and all of the Restricted Subsidiaries
shall have been validly released by all applicable creditors in writing, (B) any
consideration received by the Borrower or such Restricted Subsidiary from such transferee
that is converted by the Borrower or such Restricted Subsidiary into cash (to the extent of
the cash received) within 180 days following the closing of the applicable Disposition and
(C) any Designated Non-Cash Consideration received in respect of such Disposition having an
aggregate fair market value, taken together with all other Designated Non-Cash Consideration
received pursuant to this clause (C) that is at that time outstanding, not in excess of the
greater of $40,000,000 and 1.5% of Total Assets at the time of the receipt of such
Designated Non-Cash Consideration, with the fair market value of each item of Designated
Non-Cash Consideration being measured at the time received and without giving effect to
subsequent changes in value, shall be deemed to be cash;

(k) Dispositions of Investments in joint ventures to the extent required by, or made
pursuant to, customary buy/sell arrangements between the joint venture parties set forth in
the joint venture arrangements and similar binding arrangements;

(l) Dispositions of accounts receivable in connection with the collection or compromise
thereof;

(m) any issuance or sale of Equity Interests in, or Indebtedness or other securities
of, an Unrestricted Subsidiary;

(n) to the extent allowable under Section 1031 of the Code (or comparable or successor
provision), any exchange of like property (excluding any boot thereon permitted by such
provision) for use in any business conducted by the Borrower or any of its Restricted
Subsidiaries that is not in contravention of Section 7.07; provided that (i) each such
Disposition shall be for an amount at least equal to the fair market value thereof and (ii)
any Net Cash Proceeds received in
connection therewith are applied to repay the loans to the extent required under
Section 2.05(b)(ii);

(o) the unwinding of any Swap Contract;

(p) any Disposition of Securitization Assets to a Securitization Subsidiary;

 

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(q) Hospital Swaps by the Borrower or any of its Restricted Subsidiaries with any
Person that is not the Borrower or any of its Restricted Subsidiaries (any such Hospital
Swap being herein referred to as a “Permitted Hospital Swap”), provided that:

(A) if the Borrower or such Restricted Subsidiary gives one or more Hospitals
in such Hospital Swap, such Person shall receive one or more Hospitals (in addition
to any permitted cash consideration as provided below) in return;

(B) such Hospital Swap shall not involve an exchange of Property (by the
Borrower or such Restricted Subsidiary) that is not in the HMO Business for Property
(of a third party) solely in the HMO Business or an exchange for Property (of a
third party) that is not permitted by Section 7.07;

(C) if the Borrower or such Restricted Subsidiary receives any cash
consideration in connection with such Hospital Swap, such cash consideration shall
not exceed 20% of the sum of the amount of such cash consideration and the fair
market value of the Equity Interests or Property received by such Person in such
Hospital Swap, unless the portion of such cash consideration which exceeds such 20%
threshold is treated as proceeds of an Asset Sale;

(D) if the Borrower or such Restricted Subsidiary gives any cash consideration
in connection with such Hospital Swap, such cash consideration shall not exceed 20%
of the sum of the amount of such cash consideration and the fair market value of
Equity Interests or Property given by such Company in such Hospital Swap, unless
such transaction would also satisfy the requirements of a Permitted Acquisition;

(E) subject to the proviso at the end of this clause (q) and to the extent
required by the Collateral and Guarantee Requirement and the Collateral Documents,
the property, assets and businesses acquired in such purchase or other acquisition
shall constitute Collateral and any such newly created or acquired Wholly Owned
Material Subsidiary (and, to the extent required under the Collateral and Guarantee
Requirement, the Wholly Owned Material Subsidiaries of such created or acquired
Subsidiary) shall be Guarantors and shall have complied with the requirements of
Section 6.11, within the times specified therein (for the avoidance of doubt, this
clause (E) shall not override any provisions of the Collateral and Guarantee
Requirement);

(F) subject to the proviso at the end of this clause (q), with respect to any
Hospital Swap involving an exchange of Property (by the Borrower or such Restricted
Subsidiary) that is not in the HMO Business for Property (of a third party) that is
an “integrated system” including operations involved in the HMO Business, any Wholly
Owned Subsidiary that is formed to effect, or is acquired pursuant to, any such
exchange shall be a Guarantor and shall have complied with the requirements of
Section 6.11; and

(G) the Borrower and the Restricted Subsidiaries shall not be permitted to
exchange, in the aggregate for all such Hospital Swaps, more than five (5)
Hospitals;

provided, however, and notwithstanding any provision to the contrary in the foregoing clause
(E) or clause (F) above, the Borrower may elect to designate any Restricted Subsidiary that
is formed to effect, or is acquired pursuant to, a Permitted Hospital Swap as an
Unrestricted Subsidiary and, if it so designates such Subsidiary, shall be deemed to have
made an Investment in an amount equal to the fair market value of the Equity Interests or
Property (plus any applicable cash consideration paid and minus any
applicable cash consideration received) given by the Borrower or the applicable Restricted
Subsidiary in such Hospital Swap with respect to such Unrestricted Subsidiary pursuant to
any of (as available and at the election of the Borrower) Section 7.02(d)(v), (n) or (z);
and

 

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(r) the Borrower and its Restricted Subsidiaries may sell (including by the issuance of
Equity Interests by the affected Subsidiary) Equity Interests in any of the Subsidiaries of
the Borrower to Hospital Investment Program Participants in connection with the Hospital
Investment Program so long as (i) such sale or issuance is effected in accordance with the
definition of Hospital Investment Program and (ii)(A) the Net Cash Proceeds of such sale or
issuance are applied to fund Capital Expenditures of such Subsidiary or (B) to the extent
not so applied, the aggregate Net Cash Proceeds of all Equity Interests sold or issued in
reliance on this clause (r)(ii)(B) (taken together with the aggregate fair market value of
all property Disposed of pursuant to Section 7.05(f) and Section 7.05(j)) shall not exceed
the greater of $625,000,000 and 25.0% of Total Assets, in each case determined as of the
date of such sale or issuance;

provided that any Disposition of any property pursuant to this Section 7.05 (except pursuant to
Section 7.05(e), Section 7.05(i) and Section 7.05(l) and except for Dispositions from the Borrower
or a Restricted Subsidiary to a Loan Party), shall be for no less than the fair market value of
such property at the time of such Disposition. To the extent any Collateral is Disposed of as
expressly permitted by this Section 7.05 to any Person other than the Borrower or a Restricted
Subsidiary, such Collateral shall be sold free and clear of the Liens created by the Loan
Documents, and, if requested by the Administrative Agent, upon the certification by the Borrower
that such Disposition is permitted by this Agreement, the Administrative Agent shall be authorized
to take any actions deemed appropriate in order to effect the foregoing.

SECTION 7.06. Restricted Payments. Declare or make, directly or indirectly, any Restricted Payment, except:

(a) each Restricted Subsidiary may make Restricted Payments to the Borrower and to the
other Restricted Subsidiaries (and, in the case of a Restricted Payment by a non-Wholly
Owned Restricted Subsidiary, to the Borrower and any of the other Restricted Subsidiaries
and to each other owner of Equity Interests of such Restricted Subsidiary based on their
relative ownership interests of the relevant class of Equity Interests);

(b) (i) the Borrower may redeem in whole or in part any of its Equity Interests for
another class of Equity Interests or rights to acquire its Equity Interests or with proceeds
from substantially concurrent equity contributions or issuances of new Equity Interests,
provided that any terms and provisions material to the interests of the Lenders, when taken
as a whole, contained in such new Equity Interests are at least as advantageous to the
Lenders as those contained in the Equity Interests redeemed thereby and (ii) the Borrower
and each of its Restricted Subsidiaries may declare and make dividend payments or other
distributions payable solely in the Equity Interests (other than Disqualified Equity
Interests not otherwise permitted by Section 7.03) of such Person; provided that after
giving effect to any action pursuant to clause (i) and (ii) above,
the same percentage of the outstanding and issued Equity Interests of the Borrower or
the respective Restricted Subsidiary are pledged pursuant to the Collateral Documents as
were so pledged immediately prior thereto;

(c) so long as no Event of Default or payment Default shall have occurred and be
continuing or would result therefrom, the Borrower and the Restricted Subsidiaries may
repurchase or redeem (i) Equity Interests of Subsidiaries sold or issued in connection with
the Hospital Investment Program and (ii) Investments in joint ventures to the extent
required by, or made pursuant to, customary buy/sell arrangements between the joint venture
parties set forth in the joint venture arrangements and similar binding arrangements;

 

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(d) to the extent constituting Restricted Payments, the Borrower and the Restricted
Subsidiaries may enter into and consummate transactions expressly permitted by any provision
of Section 7.02, 7.03, 7.04, 7.05 or 7.08;

(e) repurchases of Equity Interests in Holdings, the Borrower or any of the Restricted
Subsidiaries deemed to occur upon exercise of stock options or warrants if such Equity
Interests represent a portion of the exercise price of such options or warrants;

(f) so long as no Event of Default has occurred and is continuing at such time, the
Borrower may pay (or make Restricted Payments to allow any direct or indirect parent thereof
to pay) for the repurchase, retirement or other acquisition or retirement for value of
Equity Interests of the Borrower (or of any such direct or indirect parent of the Borrower)
by any future, present or former employee, director, consultant or distributor (or any
spouses, former spouses, successors, executors, administrators, heirs, legatees or
distributees of any of the foregoing) of the Borrower (or any direct or indirect parent of
the Borrower) or any of its Subsidiaries upon the death, disability, retirement or
termination of employment of any such Person or otherwise pursuant to any employee or
director equity plan, employee or director stock option plan or any other employee or
director benefit plan or any agreement (including any stock subscription or shareholder
agreement) with any employee, director, consultant or distributor of the Borrower (or any
direct or indirect parent of the Borrower) or any of its Subsidiaries; provided that the
aggregate price paid for all such repurchased, redeemed, acquired or retired Equity
Interests may not exceed $15,000,000 in any fiscal year (it being understood, however, that
unused amounts permitted to be paid pursuant to this proviso are available to be carried
over to subsequent fiscal years);

(g) the Borrower may make Restricted Payments to Holdings or to any direct or indirect
parent of Holdings:

(i) the proceeds of which will be used to pay (or to make Restricted Payments
to allow any direct or indirect parent of Holdings to pay) the tax liability to each
foreign, federal, state or local jurisdiction in respect of consolidated, combined,
unitary or affiliated returns for such jurisdiction of Holdings (or such direct or
indirect parent) attributable to the Borrower or its Subsidiaries determined as if
the Borrower and its Subsidiaries filed separately;

(ii) with respect to any taxable period during which any of the Borrower’s
Subsidiary is a member of a consolidated, unitary, combined or similar income tax
group in which Holdings (or any direct or indirect parent of Holdings, Inc.) is the
common parent, the proceeds of which will be used to pay the portion of its
consolidated, unitary, combined or similar U.S. federal, state and local and
non-U.S. income taxes attributable
to the income of the Borrower’s Subsidiaries in an amount not to exceed the
income tax liabilities that would have been payable by the Borrower’s Subsidiaries
on a stand-alone basis, reduced by any such income taxes paid or to be paid directly
by the Borrower’s Subsidiaries; provided that the amount of any such payments,
dividends or distributions attributable to any income of an Unrestricted Subsidiary
shall be limited to the cash distributions made by such Unrestricted Subsidiary to
the Borrower or its Restricted Subsidiaries for such purpose;

 

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(iii) the proceeds of which shall be used to pay (or to make Restricted
Payments to allow any direct or indirect parent of Holdings to pay) operating costs
and expenses incurred in the ordinary course of business, and other corporate
overhead costs and expenses (including administrative, legal, accounting and similar
expenses incurred to third parties) that are reasonable and customary and incurred
in the ordinary course of business, attributable to the ownership or operations of
the Borrower and its Subsidiaries;

(iv) the proceeds of which shall be used to pay (or to make Restricted Payments
to allow any direct or indirect parent of Holdings to pay) franchise and excise
taxes and other fees, taxes and expenses required to maintain its (or any of its
direct or indirect parents’) corporate existence;

(v) to finance any Investment permitted to be made pursuant to Section 7.02;
provided that (A) such Restricted Payment shall be made substantially concurrently
with the closing of such Investment and (B) the Borrower shall, immediately
following the closing thereof, cause (1) all property acquired (whether assets or
Equity Interests) to be contributed to the Borrower or a Restricted Subsidiary or
(2) the merger (to the extent permitted in Section 7.04) of the Person formed or
acquired into the Borrower or a Restricted Subsidiary in order to consummate such
Permitted Acquisition, in each case, in accordance with the requirements of Section
6.11;

(vi) the proceeds of which shall be used to pay costs, fees and expenses (other
than to Affiliates) related to any equity or debt offering permitted by this
Agreement (whether or not successful); and

(vii) the proceeds of which shall be used to pay (or to make Restricted
Payments to allow any direct or indirect parent of Holdings to pay) customary
salary, bonus and other benefits payable to officers and employees of Holdings or
any direct or indirect parent company of Holdings to the extent such salaries,
bonuses and other benefits are attributable to the ownership or operation of the
Borrower and the Restricted Subsidiaries;

(h) the Borrower or any of the Restricted Subsidiaries may (a) pay cash in lieu of
fractional Equity Interests in connection with any dividend, split or combination thereof or
any Permitted Acquisition and (b) honor any conversion request by a holder of convertible
Indebtedness and make cash payments in lieu of fractional shares in connection with any such
conversion and may make payments on convertible Indebtedness in accordance with its terms;

(i) so long as no Event of Default under Section 8.01(a) or Section 8.01(f) has
occurred and is continuing at such time, the payment of any dividend or distribution within
60 days after the date of declaration thereof, if at the date of declaration (i) such
payment would have complied with the provisions of this Agreement and (ii) no Event of
Default had occurred and
was continuing; provided that such payment shall be deemed to have been made on the
date of declaration thereof under the relevant provision of this Section 7.06;

(j) the declaration and payment of dividends on the Borrower’s common stock following
the first public offering of the Borrower’s common stock or the common stock of any of its
direct or indirect parents after the Closing Date, of up to 6% per annum of the net proceeds
received by or contributed to the Borrower in or from any such public offering, other than
public offerings with respect to the Borrower’s common stock registered on Form S-4 or Form
S-8;

 

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(k) payments made or expected to be made by the Borrower or any of the Restricted
Subsidiaries in respect of withholding or similar Taxes payable by any future, present or
former employee, director, manager or consultant (or any spouses, former spouses,
successors, executors, administrators, heirs, legatees or distributees of any of the
foregoing) and any repurchases of Equity Interests in consideration of such payments
including deemed repurchases in connection with the exercise of stock options;

(l) in addition to the foregoing Restricted Payments and so long as no Default shall
have occurred and be continuing or would result therefrom, the Borrower may make additional
Restricted Payments in an aggregate amount, together with the aggregate amount of loans and
advances to Holdings or any direct or indirect parent of Holdings made pursuant to Section
7.02(m)(iii) in lieu of Restricted Payments permitted by this clause (l), not to exceed the
Available Amount at such time; provided that any amount contributed to the Borrower the cash
proceeds of which were the basis for any incurrence of Indebtedness in reliance on the
Senior Secured Leverage Ratio or Total Leverage Ratio shall not be included in the Available
Amount pursuant to clause (iv) of the definition thereof for purposes of this Section
7.06(l) until the first date such Indebtedness could have been incurred without regard to
the cash proceeds from such contribution; and

(m) Restricted Payments contemplated by the definition of “Transactions”.

SECTION 7.07. Change in Nature of Business. Engage in any material line of business substantially different from those lines of
business conducted by Holdings, the Borrower and the Restricted Subsidiaries on the Closing Date or
any business reasonably related or ancillary thereto.

SECTION 7.08. Transactions with Affiliates. Enter into any transaction of any kind with any Affiliate of the Borrower, whether or not
in the ordinary course of business, other than:

(a) transactions between or among the Borrower and any of the Restricted Subsidiaries
or any entity that becomes a Restricted Subsidiary as a result of such transaction,

(b) transactions on terms substantially as favorable to the Borrower or such Restricted
Subsidiary as would be obtainable by the Borrower or such Restricted Subsidiary at the time
in a comparable arm’s-length transaction with a Person other than an Affiliate,

(c) the Transaction and the payment of fees and expenses related to the Transaction,

(d) the payment of management and monitoring fees to the Sponsors in an aggregate
amount in any fiscal year not to exceed the amount permitted to be paid pursuant to the
Sponsor Management Agreement as in effect on the date hereof and any Sponsor Termination
Fees not to
exceed the amount set forth in the Sponsor Management Agreement as in effect on the
date hereof and related indemnities and reasonable expenses,

(e) Investments permitted under Section 7.02,

(f) loans, advances and other transactions between or among the Borrower and one or
more of its Subsidiaries or any joint venture (regardless of the form of legal entity) in
which the Borrower or any Subsidiary has invested (and which Subsidiary or joint venture
would not be an Affiliate of the Borrower or a Restricted Subsidiary but for such
investment) to the extent permitted by this Article VII,

 

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(g) employment and severance arrangements between the Borrower and the Restricted
Subsidiaries and their respective officers and employees in the ordinary course of business
and transactions pursuant to stock option plans and employee benefit plans and arrangements,

(h) subject to the limitations described in Section 7.06(g)(ii), payments by the
Borrower (and any direct or indirect parent thereof) and the Restricted Subsidiaries
pursuant to tax sharing agreements among the Borrower (and any such direct or indirect
parent thereof) and the Restricted Subsidiaries on customary terms to the extent
attributable to the ownership or operation of the Borrower and the Restricted Subsidiaries,

(i) the payment of customary fees and reasonable out-of-pocket costs to, and
indemnities provided on behalf of, directors, officers, employees and consultants of the
Borrower and the Restricted Subsidiaries or any direct or indirect parent of the Borrower in
the ordinary course of business to the extent attributable to the ownership or operation of
the Borrower and the Restricted Subsidiaries,

(j) any agreement, instrument or arrangement as in effect as of the Closing Date;
provided that any agreement, instrument or arrangement involving aggregate consideration in
excess of $5,000,000 individually or $15,000,000 in the aggregate (when taken together with
all other agreements, instruments or arrangements in effect in reliance on this clause (j)
that are not set forth on Schedule 7.08), shall only be permitted under this clause
(j) to the extent such agreement, instrument or arrangement is set forth on Schedule
7.08, and any amendment thereto (so long as any such amendment is not disadvantageous to
the Lenders when taken as a whole in any material respect as compared to the applicable
agreement as in effect on the Closing Date as reasonably determined in good faith by the
Borrower),

(k) Restricted Payments permitted under Section 7.06,

(l) customary payments by the Borrower and any of the Restricted Subsidiaries to the
Sponsors made for any financial advisory, financing, underwriting or placement services or
in respect of other investment banking activities (including in connection with acquisitions
or divestitures),

(m) transactions in which the Borrower or any of the Restricted Subsidiaries, as the
case may be, delivers to the Administrative Agent a letter from an Independent Financial
Advisor stating that such transaction is fair to the Borrower or such Restricted Subsidiary
from a financial point of view or meets the requirements of clause (b) of this Section 7.08,

(n) transactions with customers, clients, suppliers, or purchasers or sellers of goods
or services, in each case in the ordinary course of business and otherwise in compliance
with the terms of this Agreement, that are fair to the Borrower and the Restricted
Subsidiaries, in the reasonable determination of the Board of Directors or the senior
management of the Borrower, or are on terms at least as favorable as might reasonably have
been obtained at such time from an unaffiliated party,

(o) the issuance or transfer of Equity Interests (other than Disqualified Equity
Interests) of Holdings to any Permitted Holder or to any former, current or future director,
manager, officer, employee or consultant (or any spouses, former spouses, successors,
executors, administrators, heirs, legatees or distributees of any of the foregoing) of the
Borrower, any of its Subsidiaries or any direct or indirect parent thereof,

 

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(p) investments by the Sponsors in securities of the Borrower or any of the Restricted
Subsidiaries so long as (A) the investment is being offered generally to other investors on
the same or more favorable terms and (B) the investment constitutes less than 5.0% of the
proposed or outstanding issue amount of such class of securities,

(q) payments to or from, and transactions with, any joint venture in the ordinary
course of business,

(r) any Disposition of Securitization Assets or related assets in connection with any
Qualified Securitization Financing, and

(s) payments of premiums to the Insurance Subsidiary and other transactions with the
Insurance Subsidiary reasonably related to its business.

SECTION 7.09. Burdensome Agreements. Enter into or permit to exist any Contractual Obligation (other than this Agreement or any
other Loan Document) that limits the ability of (a) any Restricted Subsidiary that is not a Loan
Party to make Restricted Payments to any Loan Party or (b) any Loan Party to create, incur, assume
or suffer to exist Liens on property of such Person for the benefit of the Lenders with respect to
the Facilities and the Obligations or under the Loan Documents; provided that the foregoing clauses
(a) and (b) shall not apply to Contractual Obligations that:

(i) (x) exist on the date hereof and (to the extent not otherwise permitted by this
Section 7.09) are listed on Schedule 7.09 hereto and (y) to the extent Contractual
Obligations permitted by clause (x) are set forth in an agreement evidencing Indebtedness,
are set forth in any agreement evidencing any permitted modification, replacement, renewal,
extension or refinancing of such Indebtedness so long as such modification, replacement,
renewal, extension or refinancing does not expand the scope of such Contractual Obligation
with respect to matters subject to this Section 7.09,

(ii) are binding on a Restricted Subsidiary at the time such Restricted Subsidiary
first becomes a Restricted Subsidiary, so long as such Contractual Obligations were not
entered into in contemplation of such Person becoming a Restricted Subsidiary; provided
further that this clause (ii) shall not apply to Contractual Obligations that are binding on
a Person that becomes a Restricted Subsidiary pursuant to Section 6.14,

(iii) represent Indebtedness of a Restricted Subsidiary that is not a Loan Party that
is permitted by Section 7.03,

(iv) arise in connection with any Lien permitted by Section 7.01(s) or any Disposition
permitted by Section 7.05,

(v) are customary provisions in joint venture agreements and other similar agreements
applicable to joint ventures permitted under Section 7.02 and applicable solely to such
joint venture entered into in the ordinary course of business,

(vi) are negative pledges and restrictions on Liens in favor of any holder of
Indebtedness permitted under Section 7.03 but solely to the extent any negative pledge
relates to the property financed by or the subject of such Indebtedness (and excluding in
any event any Indebtedness constituting any Junior Financing) and the proceeds and products
thereof,

 

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(vii) are customary restrictions on leases, subleases, licenses or asset sale
agreements otherwise permitted hereby so long as such restrictions relate to the assets
subject thereto,

(viii) comprise restrictions imposed by any agreement relating to secured Indebtedness
permitted pursuant to Section 7.03(e), 7.03(g), 7.03(n), 7.03(r), 7.03(t) or 7.03(u) to the
extent that such restrictions apply only to the property or assets securing such
Indebtedness or, in the case of Indebtedness incurred pursuant to Section 7.03(g) only, to
the Restricted Subsidiaries incurring or guaranteeing such Indebtedness,

(ix) are customary provisions restricting subletting or assignment of any lease
governing a leasehold interest of any Restricted Subsidiary,

(x) are customary provisions restricting assignment of any agreement entered into in
the ordinary course of business,

(xi) are restrictions on cash or other deposits imposed by customers under contracts
entered into in the ordinary course of business,

(xii) are contained in the Senior Notes Indenture, or

(xiii) are permitted under Section 7.01 in connection with cash or other deposits.

SECTION 7.10. Use of Proceeds. Use the proceeds of any Credit Extension, whether directly or indirectly, in a manner
inconsistent with the uses set forth in the preliminary statements to this Agreement.

SECTION 7.11. Accounting Changes. Make any change in fiscal year except upon written notice to the Administrative Agent, in
which case, the Borrower and the Administrative Agent will, and are hereby authorized by the
Lenders to, make any adjustments to this Agreement that are necessary to reflect such change in
fiscal year.

SECTION 7.12. Prepayments, Etc. of Indebtedness.

(a) Except in connection with the Transactions, prepay, redeem, purchase, defease or otherwise
satisfy prior to the scheduled maturity thereof in any manner (it being understood that payments of
regularly scheduled principal, interest and mandatory prepayments shall be permitted) the Senior
Notes, any Permitted Additional Debt incurred pursuant to the proviso of the first sentence in
Section 7.03 or pursuant to Section 7.03(x) (other than Permitted Additional Debt that is secured
on a pari passu
basis pursuant to the First Lien Intercreditor Agreement or any Indebtedness constituting a
Permitted Refinancing thereof), any Permitted Refinancing of any of the foregoing or any
Indebtedness (other than Indebtedness that is owed to the Borrower or any of its Restricted
Subsidiaries) that is expressly subordinated in right to the Obligations (collectively, “Junior
Financing”) or make any payment in violation of any subordination terms of any Junior Financing
Documentation, except (i) the refinancing thereof with the Net Cash Proceeds of any Permitted
Refinancing or the prepayment thereof with Declined Retained Proceeds, (ii) the conversion of any
Junior Financing to Equity Interests (other than Disqualified Equity Interests) of the Borrower or
any of its direct or indirect parents, (iii) so long as no Event of Default shall have occurred and
be continuing or would result therefrom, prepayments, redemptions, purchases, defeasances and other
payments in respect of Junior Financing prior to scheduled maturity in an aggregate amount not to
exceed the Available Amount at such time and (iv) any prepayment, redemption, purchase or
defeasance if the Senior Secured Leverage Ratio (after giving effect to such prepayment,
redemption, purchase or defeasance on a Pro Forma Basis) is not greater than 1.75 to 1.00.

 

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(b) Amend, modify or change in any manner materially adverse to the interests of the Lenders
any term or condition of any Junior Financing Documentation or the Senior Subordinated Notes
Indenture.

SECTION 7.13. Equity Interests of Certain Restricted Subsidiaries. Permit any Domestic Subsidiary that is a Wholly Owned Restricted Subsidiary to become a
non-Wholly Owned Subsidiary, except (i) to the extent such Restricted Subsidiary continues to be a
Guarantor hereunder, (ii) in connection with a Disposition of all or substantially all of the
assets or all of the Equity Interests of such Restricted Subsidiary permitted by Section 7.05,
(iii) as a result of the designation of such Restricted Subsidiary as an Unrestricted Subsidiary
pursuant to Section 6.14, (iv) as a result of an Investment in any Person permitted under Section
7.02 or (v) dispositions of Equity Interests in such Restricted Subsidiary permitted by Section
7.05.

SECTION 7.14. Holdings. In the case of Holdings, conduct, transact or otherwise engage in any business or
operations other than those incidental to (i) its ownership of the Equity Interests of the
Borrower, (ii) the maintenance of its legal existence (including the ability to incur fees, costs
and expenses relating to such maintenance), (iii) the performance of its obligations with respect
to the Loan Documents, the Senior Notes or any Permitted Additional Debt, (iv) any public offering
of its common stock or any other issuance of its Equity Interests or any transaction permitted
under Section 7.04, (v) financing activities, including the issuance of securities, incurrence of
debt, payment of dividends, making contributions to the capital of its Subsidiaries and
guaranteeing the obligations of its Subsidiaries, (vi) participating in tax, accounting and other
administrative matters as a member of the consolidated group of Holdings and the Borrower, (vii)
holding any cash or property received in connection with Restricted Payments made by the Borrower
in accordance with Section 7.06 pending application thereof by Holdings, (viii) providing
indemnification to officers and directors and (ix) conducting, transacting or otherwise engaging in
any business or operations of the type it conducts, transacts or engages in on the Closing Date.

ARTICLE VIII

Events of Default and Remedies

SECTION 8.01. Events of Default. Each of the events referred to in clauses (a) through (k) of this Section 8.01 shall
constitute an “Event of Default”:

(a) Non-Payment. The Borrower fails to pay (i) when and as required to be paid herein,
any amount of principal of any Loan, or (ii) within five (5) Business Days after the same
becomes due, any interest on any Loan or any other amount payable hereunder or with respect
to any other Loan Document; or

(b) Specific Covenants. The Borrower or, in the case of Section 7.14, Holdings, fails
to perform or observe any term, covenant or agreement contained in any of Sections 6.03(a)
or 6.05(a) (solely with respect to the Borrower) or Article VII; or

 

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(c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or
agreement (not specified in Section 8.01(a) or (b) above) contained in any Loan Document on
its part to be performed or observed and such failure continues for thirty (30) days after
receipt by the Borrower of written notice thereof from the Administrative Agent; or

(d) Representations and Warranties. Any representation, warranty, certification or
statement of fact made or deemed made by any Loan Party herein, in any other Loan Document,
or in any document required to be delivered in connection herewith or therewith shall be
untrue in any material respect when made or deemed made; or

(e) Cross-Default. Any Loan Party or any Restricted Subsidiary (A) fails to make any
payment beyond the applicable grace period, if any, whether by scheduled maturity, required
prepayment, acceleration, demand, or otherwise, in respect of any Indebtedness (other than
Indebtedness hereunder) having an aggregate outstanding principal amount (individually or in
the aggregate with all other Indebtedness as to which such a failure shall exist) of not
less than the Threshold Amount, or (B) fails to observe or perform any other agreement or
condition relating to any such Indebtedness, or any other event occurs (other than, with
respect to Indebtedness consisting of Swap Contracts, termination events or equivalent
events pursuant to the terms of such Swap Contracts), the effect of which default or other
event is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or
agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with
the giving of notice, if required, such Indebtedness to become due or to be repurchased,
prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase,
prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity;
provided that such failure is unremedied and is not waived by the holders of such
Indebtedness; provided further that this clause (e)(B) shall not apply to secured
Indebtedness that becomes due as a result of the voluntary sale or transfer of the property
or assets securing such Indebtedness, if such sale or transfer is permitted hereunder and
under the documents providing for such Indebtedness; or

(f) Insolvency Proceedings, Etc. Holdings, the Borrower or any Specified Subsidiary
institutes or consents to the institution of any proceeding under any Debtor Relief Law, or
makes an assignment for the benefit of creditors; or applies for or consents to the
appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator,
administrator, administrative receiver or similar officer for it or for all or any material
part of its property; or any receiver, trustee, custodian, conservator, liquidator,
rehabilitator, administrator, administrative receiver or similar officer is appointed
without the application or consent of such Person and the appointment continues undischarged
or unstayed for sixty (60) calendar days; or any proceeding under any Debtor Relief Law
relating to any such Person or to all or any material part of its property is instituted
without the consent of such Person and continues undismissed or unstayed for sixty (60)
calendar days, or an order for relief is entered in any such proceeding; or

(g) Judgments. There is entered against any Loan Party or any Specified Subsidiary a
final judgment or order for the payment of money in an aggregate amount exceeding the
Threshold Amount (to the extent not covered by independent third-party insurance as to which
the insurer has been notified of such judgment or order and has not denied or failed to
acknowledge coverage thereof) and such judgment or order shall not have been satisfied,
vacated, discharged or stayed or bonded pending an appeal for a period of sixty (60)
consecutive days; or

 

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(h) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer
Plan which has resulted or would reasonably be expected to result in liability of Holdings,
the Borrower or their respective ERISA Affiliates under Title IV of ERISA in an aggregate
amount that would reasonably be expected to result in a Material Adverse Effect or (ii)
Holdings, the Borrower or their respective ERISA Affiliates fails to pay when due, after the
expiration of any applicable grace period, any installment payment with respect to its
Withdrawal Liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate
amount that would reasonably be expected to result in a Material Adverse Effect; or

(i) Invalidity of Loan Documents. Any material provision of any Loan Document, at any
time after its execution and delivery and for any reason other than as expressly permitted
hereunder or thereunder (including as a result of a transaction permitted under Section 7.04
or 7.05) or as a result of acts or omissions by the Administrative Agent or any Lender or
the satisfaction in full of all the Obligations, ceases to be in full force and effect; or
any Loan Party contests in writing the validity or enforceability of any provision of any
Loan Document; or any Loan Party denies in writing that it has any or further liability or
obligation under any Loan Document (other than as a result of repayment in full of the
Obligations and termination of the Aggregate Commitments), or purports in writing to revoke
or rescind any Loan Document; or

(j) Junior Financing Documentation. (i) Any of the Obligations of the Loan Parties
under the Loan Documents for any reason shall cease to be “Senior Indebtedness” (or any
comparable term) or “Senior Secured Financing” (or any comparable term) under, and as
defined in any Junior Financing Documentation governing Junior Financing with an aggregate
principal amount of not less than the Threshold Amount or (ii) the subordination provisions
set forth in any Junior Financing Documentation governing Junior Financing with an aggregate
principal amount of not less than the Threshold Amount shall, in whole or in part, cease to
be effective or cease to be legally valid, binding and enforceable against the holders of
any such Junior Financing, if applicable; or

(k) Change of Control. There occurs any Change of Control.

SECTION 8.02. Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the Administrative Agent shall, at the
request of the Required Lenders, take any or all of the following actions:

(a) declare the commitment of each Lender to make Loans and any obligation of the L/C
Issuers to make L/C Credit Extensions to be terminated, whereupon such commitments and
obligation shall be terminated;

(b) declare the unpaid principal amount of all outstanding Loans, all interest accrued
and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan
Document to be immediately due and payable, without presentment, demand, protest or other
notice of any kind, all of which are hereby expressly waived by the Borrower;

(c) require that the Borrower Cash Collateralize the L/C Obligations (in an amount
equal to the then Outstanding Amount thereof); and

(d) exercise on behalf of itself and the Lenders all rights and remedies available to
it and the Lenders under the Loan Documents or applicable Law;

 

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provided that upon the occurrence of an actual or deemed entry of an order for relief with respect
to the Borrower under the Bankruptcy Code of the United States, the obligation of each Lender to
make Loans and any obligation of the L/C Issuers to make L/C Credit Extensions shall automatically
terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts
as aforesaid shall automatically become due and payable, and the obligation of the Borrower to Cash
Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each case
without further act of the Administrative Agent or any Lender.

SECTION 8.03. Application of Funds. After the exercise of remedies provided for in Section 8.02 (or after the Loans have
automatically become immediately due and payable and the L/C Obligations have automatically been
required to be Cash Collateralized as set forth in the proviso to Section 8.02) and irrespective of
any other provision of any Loan Document to the contrary, any amounts (including cash, equity
securities, debt securities or any other property; provided that if any such amounts are not in the
form of cash, then the amount of such securities or other property applied to each of clauses First
through Last below shall be an amount with a fair market value equal to the stated amount required
to be applied pursuant to each such clause) received on account of the Obligations or in
consideration of any waiver of any rights to receive any payment of the Obligations (whether
received as a consequence of the exercise of such remedies or as a distribution out of any
proceeding in respect of or commenced under any Insolvency or Liquidation Proceeding including
payments in respect of “adequate protection” for the use of Collateral during such proceeding or
under any Plan of Reorganization or on account of any liquidation of any Loan Party) shall be
turned over to the Administrative Agent (to the extent not received directly by the Administrative
Agent) and applied by the Administrative Agent in the following order:

First, to payment of that portion of the Obligations constituting fees, indemnities,
expenses and other amounts (other than principal and interest, but including Attorney Costs
payable under Section 10.04 and amounts payable under Article III) payable to the
Administrative Agent in its capacity as such (irrespective of when such amounts were
incurred or accrued or whether any such amounts are allowed in any Insolvency or Liquidation
Proceeding) until paid in full;

Second, to payment of that portion of the Obligations constituting fees, indemnities
and other amounts (other than principal and interest) payable to the Revolving Credit
Lenders, Swing Line Lender and L/C Issuers (in their capacities as such) (including Attorney
Costs payable under Section 10.04 and amounts payable under Article III), ratably among them
in proportion to the amounts described in this clause Second payable to them (irrespective
of when such amounts were incurred or accrued or whether any such amounts are allowed in any
Insolvency or Liquidation Proceeding) until paid in full;

Third, to the Administrative Agent for the account of the L/C Issuers, to Cash
Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of
Letters of Credit;

Fourth, to payment of that portion of the Obligations constituting accrued and unpaid
interest on the Revolving Credit Loans and L/C Borrowings, ratably among the Revolving
Credit Lenders in proportion to the respective amounts described in this clause Fourth
payable to them
(irrespective of when such amounts were incurred or accrued or whether any such amounts
are allowed in any Insolvency or Liquidation Proceeding) until paid in full;

Fifth, to payment of that portion of the Obligations constituting (i) unpaid principal
of the Revolving Credit Loans and L/C Borrowings and (ii) amounts owing in respect of Cash
Management Obligations, ratably among the Revolving Credit Lenders and Cash Management Banks
in proportion to the respective amounts described in this clause Fifth held by them
(irrespective of when such amounts were incurred or accrued or whether any such amounts are
allowed in any Insolvency or Liquidation Proceeding) until such amounts are paid in full;

 

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Sixth, to payment of that portion of the Obligations constituting fees, indemnities and
other amounts (other than principal and interest) payable to any other Lenders (including
Attorney Costs payable under Section 10.04 and amounts payable under Article III), ratably
among them in proportion to the amounts described in this clause Sixth payable to them
(irrespective of when such amounts were incurred or accrued or whether any such amounts are
allowed in any Insolvency or Liquidation Proceeding) until such amounts are paid in full;

Seventh, to payment of that portion of the Obligations constituting accrued and unpaid
interest on the Term Loans, ratably among the Lenders in proportion to the respective
amounts described in this clause Seventh payable to them (irrespective of when such amounts
were incurred or accrued or whether any such amounts are allowed in any Insolvency or
Liquidation Proceeding) until paid in full;

Eighth, to payment of that portion of the Obligations constituting unpaid principal of
the Term Loans and the Swap Termination Value under Secured Hedge Agreements, ratably among
the Secured Parties in proportion to the respective amounts described in this clause Eighth
held by them;

Ninth, to the payment of all other Obligations of the Loan Parties that are due and
payable to the Administrative Agent and the other Secured Parties on such date, ratably
based upon the respective aggregate amounts of all such Obligations owing to the
Administrative Agent and the other Secured Parties on such date (irrespective of when such
amounts were incurred or accrued or whether any such amounts are allowed in any Insolvency
or Liquidation Proceeding) until paid in full; and

Last, the balance, if any, after all of the Obligations have been indefeasibly paid in
full, to the Borrower or as otherwise required by Law.

Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount of
Letters of Credit pursuant to clause Third above shall be applied to satisfy drawings under such
Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all
Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied
to the other Obligations, if any, in the order set forth above and, if no Obligations remain
outstanding, to the Borrower.

In furtherance of the foregoing, each Secured Party hereby agrees that it will not support or
agree to any Non-Conforming Plan of Reorganization.

The parties to each Loan Document (including each Loan Party) irrevocably agree that this
Agreement (including the provisions of this Section 8.03) constitutes a “subordination agreement”
within the meaning of both New York law and Section 510(a) of the Bankruptcy Code, and that the
terms
hereof will survive, and will continue in full force and effect and be binding upon each of
the parties hereto, in any Insolvency or Liquidation Proceeding.

 

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SECTION 8.04. Replacement of Revolving Credit Lenders under Certain Circumstances.

(a) Any of the Term Lenders (each an “Eligible Purchaser”) shall have the right to purchase by
way of assignment, at any time during the exercise period described in Section 8.04(c) below, all,
but not less than all, of the outstanding Revolving Credit Loans and Revolving Credit Commitments
of the Revolving Credit Lenders including all principal of and accrued and unpaid interest and fees
on and all prepayment or acceleration penalties and premiums in respect of such Obligations
outstanding at the time of purchase. Upon receipt of a notice in accordance with Section 8.04(b)
from an Eligible Purchaser, the Administrative Agent will promptly notify each other Term Lender of
the contents of such notice. Each such Lender may elect to participate in such purchase of the
outstanding loans and commitments of the Revolving Credit Lenders by providing written notice to
the Administrative Agent no later than 5:00 p.m. (New York time) three (3) Business Days after the
date of such Lender’s receipt of notice from the Administrative Agent regarding such purchase.
Unless otherwise agreed to by the Eligible Purchasers, the obligations to be purchased shall be
allocated among the participating Eligible Purchasers ratably on the basis of the relative amount
of the sum of each participating Eligible Purchaser’s (a) Total Outstandings and (b) aggregate
unused Term Commitments. Any purchase pursuant to this Section 8.04(a) shall be made as follows:

(i) for a purchase price equal to the sum of (A) in the case of all Credit Extensions
that constitute outstanding Revolving Credit Loans and Revolving Credit Commitments of the
Revolving Credit Lenders (including Unreimbursed Amounts drawn in respect of Letters of
Credit, but excluding the undrawn amount of then outstanding Letters of Credit), 100% of the
principal amount thereof and all accrued and unpaid interest thereon through the date of
purchase (including any acceleration prepayment penalties or premiums), plus (B) all accrued
and unpaid fees, expenses, indemnities and other amounts through the date of purchase.

(ii) with the purchase price described in preceding clause (a)(i) payable in cash on
the date of purchase;

(iii) with all amounts payable in respect of the assignments described above to be
distributed to them by the Administrative Agent ratably among the Revolving Credit Lenders
in proportion to the respective amounts described in Section 8.04(a)(i) held by them; and

(iv) with such purchase to be made pursuant to an Assignment and Assumption; it being
understood and agreed that the Revolving Credit Lender shall retain all rights to
indemnification as provided in the relevant Loan Documents for all periods prior to any
assignment by them pursuant to the provisions of this Section 8.04.

(b) The right to exercise the purchase option described in Section 8.04(a) above shall be
exercisable and legally enforceable upon at least ten (10) Business Days’ prior written notice of
exercise (which notice, once given, shall be irrevocable and fully binding on the respective
Eligible Purchaser or Eligible Purchasers) given to the Administrative Agent by an Eligible
Purchaser. Neither the Administrative Agent nor any Revolving Credit Lender shall have any
disclosure obligation to any Eligible Purchaser in connection with any exercise of such purchase
option.

(c) The right to purchase the outstanding Revolving Credit Loans and Revolving Credit
Commitments of the Revolving Credit Lenders as described in this Section 8.04 may be exercised (by
giving the irrevocable written notice described in preceding clause (b)) during each of the periods
that (1) begins on the date first to occur of (x) the exercise of remedies provided for in Section
8.02 (or upon the Loans automatically becoming immediately due and payable and the L/C Obligations
having automatically been required to be Cash Collateralized as set forth in the proviso to Section
8.02), (y) the occurrence of the final maturity of the Loans under this Agreement or (z) the
occurrence of an Event of Default pursuant to Section 8.01(f) and (2) ends on the 60th day after
the start of the applicable period described above.

 

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(d) The obligations of the Revolving Credit Lenders to sell their respective loans and
commitments under this Section 8.04 are several and not joint and several. To the extent any
Revolving Credit Lender (a “Defaulting Creditor”) breaches its obligation to sell its loans and
commitments under this Section 8.04, nothing in this Section 8.04 shall be deemed to require the
Administrative Agent or any other Revolving Credit Lender to purchase such Defaulting Creditor’s
Revolving Credit Loans and Revolving Credit Commitments for resale to the participating Eligible
Purchasers and in all cases, the Administrative Agent and each Revolving Credit Lender complying
with the terms of this Section 8.04 shall not be deemed to be in default of this Agreement or
otherwise be deemed liable for any action or inaction of any Defaulting Creditor.

(e) Each Loan Party irrevocably consents to any assignment effected to one or more Eligible
Purchasers pursuant to this Section 8.04 for purposes of all Loan Documents and hereby agrees that
no further consent from such Loan Party shall be required.

ARTICLE IX

Administrative Agent and Other Agents

SECTION 9.01. Appointment and Authorization of Agents.

(a) Each Lender hereby irrevocably appoints, designates and authorizes the Administrative
Agent to take such action on its behalf under the provisions of this Agreement and each other Loan
Document and to exercise such powers and perform such duties as are expressly delegated to it by
the terms of this Agreement or any other Loan Document, together with such powers as are reasonably
incidental thereto. The provisions of this Article IX (other than Section 9.09) are solely
for the benefit of the Agent-Related Persons and the Lenders, and the Borrower shall not have
rights as third party beneficiary of any such provision. Notwithstanding any provision to the
contrary contained elsewhere herein or in any other Loan Document, the Administrative Agent shall
have no duties or responsibilities, except those expressly set forth herein, nor shall the
Administrative Agent have or be deemed to have any fiduciary relationship with any Lender or
participant, and no implied covenants, functions, responsibilities, duties, obligations or
liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against
the Administrative Agent. Without limiting the generality of the foregoing sentence, the use of
the term “agent” herein and in the other Loan Documents with reference to any Agent is not intended
to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of
any applicable Law. Instead, such term is used merely as a matter of market custom, and is
intended to create or reflect only an administrative relationship between independent contracting
parties.

(b) Each L/C Issuer shall act on behalf of the Lenders with respect to any Letters of Credit
issued by it and the documents associated therewith, and each such L/C Issuer shall have all of the
benefits and immunities (i) provided to the Agents in this Article IX with respect to any acts
taken or
omissions suffered by such L/C Issuer in connection with Letters of Credit issued by it or
proposed to be issued by it and the applications and agreements for letters of credit pertaining to
such Letters of Credit as fully as if the term “Agent” as used in this Article IX and in the
definition of “Agent-Related Person” included such L/C Issuer with respect to such acts or
omissions, and (ii) as additionally provided herein with respect to such L/C Issuer.

 

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(c) The Administrative Agent shall also act as the “collateral agent” under the Loan
Documents, and each of the Lenders (in its capacities as a Lender, Swing Line Lender (if
applicable), L/C Issuer (if applicable) and a potential Hedge Bank) hereby irrevocably appoints and
authorizes the Administrative Agent to act as the agent of (and to hold any security interest
created by the Collateral Documents for and on behalf of or on trust for) such Lender for purposes
of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan
Parties to secure any of the Obligations, together with such powers and discretion as are
reasonably incidental thereto. In this connection, the Administrative Agent, as “collateral agent”
(and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant
to Section 9.02 for purposes of holding or enforcing any Lien on the Collateral (or any portion
thereof) granted under the Collateral Documents, or for exercising any rights and remedies
thereunder at the direction of the Administrative Agent), shall be entitled to the benefits of all
provisions of this Article IX (including Section 9.07, as though such co-agents, sub-agents and
attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full
herein with respect thereto. Without limiting the generality of the foregoing, the Lenders hereby
expressly authorize the Agents to execute any and all documents (including releases) with respect
to the Collateral and the rights of the Secured Parties with respect thereto, as contemplated by
and in accordance with the provisions of this Agreement and the Collateral Documents and
acknowledge and agree that any such action by any Agent shall bind the Lenders. The Lenders and
other Secured Parties also hereby authorize the Administrative Agent to enter into any First Lien
Intercreditor Agreement or Junior Lien Intercreditor Agreement contemplated by Section 7.01 on
behalf of the Secured Parties and to comply with the terms thereof.

SECTION 9.02. Delegation of Duties. The Administrative Agent may execute any of its duties under this Agreement or any other
Loan Document (including for purposes of holding or enforcing any Lien on the Collateral (or any
portion thereof) granted under the Collateral Documents or of exercising any rights and remedies
thereunder) by or through agents, employees or attorneys-in-fact, such sub-agents as shall be
deemed necessary by the Administrative Agent and shall be entitled to advice of counsel and other
consultants or experts concerning all matters pertaining to such duties. The Administrative Agent
shall not be responsible for the negligence or misconduct of any agent or sub-agent or
attorney-in-fact that it selects in the absence of gross negligence or willful misconduct (as
determined in the final judgment of a court of competent jurisdiction).

SECTION 9.03. Liability of Agents. No Agent-Related Person shall (a) be liable for any action taken or omitted to be taken by
any of them under or in connection with this Agreement or any other Loan Document or the
transactions contemplated hereby (except for its own gross negligence or willful misconduct, as
determined by the final judgment of a court of competent jurisdiction, in connection with its
duties expressly set forth herein), or (b) be responsible in any manner to any Lender or
participant for any recital, statement, representation or warranty made by any Loan Party, any
Guarantor or any officer thereof, contained herein or in any other Loan Document, or in any
certificate, report, statement or other document referred to or provided for in, or received by the
Administrative Agent under or in connection with, this Agreement or any other Loan Document, or the
validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other
Loan Document, or the perfection or priority of any Lien or security interest created or purported
to be created under the Collateral Documents, or for any failure of any Loan Party or any other
party to any Loan Document to perform its obligations hereunder or thereunder. No Agent-Related
Person shall be under any obligation to any Lender or participant to ascertain or to inquire as to the observance or performance of any of the
agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect
the properties, books or records of any Loan Party or any Affiliate thereof.

 

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SECTION 9.04. Reliance by Agents.

(a) Each Agent shall be entitled to rely, and shall be fully protected in relying, upon any
writing, communication, signature, resolution, representation, notice, consent, certificate,
affidavit, letter, telegram, facsimile, telex or telephone message, electronic mail message,
statement or other document or conversation believed by it to be genuine and correct and to have
been signed, sent or made by the proper Person or Persons, and upon advice and statements of legal
counsel (including counsel to any Loan Party), independent accountants and other experts selected
by such Agent. Each Agent shall in all cases be fully protected in acting, or in refraining from
acting, under this Agreement or any other Loan Document in accordance with a request or consent of
the Required Lenders (or such greater number of Lenders as may be expressly required hereby in any
instance) and such request and any action taken or failure to act pursuant thereto shall be binding
upon all the Lenders; provided that the Administrative Agent shall not be required to take any
action that, in its opinion or in the opinion of its counsel, may expose the Administrative Agent
to liability or that is contrary to any Loan Document or applicable Law.

(b) For purposes of determining compliance with the conditions specified in Section 4.01, each
Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or
to be satisfied with, each document or other matter required thereunder to be consented to or
approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have
received notice from such Lender prior to the proposed Closing Date specifying its objection
thereto.

SECTION 9.05. Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence
of any Default, except with respect to defaults in the payment of principal, interest and fees
required to be paid to the Administrative Agent for the account of the Lenders, unless the
Administrative Agent shall have received written notice from a Lender or the Borrower referring to
this Agreement, describing such Default and stating that such notice is a “notice of default.” The
Administrative Agent will notify the Lenders of its receipt of any such notice. The Administrative
Agent shall take such action with respect to any Event of Default as may be directed by the
Required Lenders in accordance with Article VIII; provided that unless and until the Administrative
Agent has received any such direction, the Administrative Agent may (but shall not be obligated to)
take such action, or refrain from taking such action, with respect to such Event of Default as it
shall deem advisable or in the best interest of the Lenders.

SECTION 9.06. Credit Decision; Disclosure of Information by Agents. Each Lender acknowledges that no Agent-Related Person has made any representation or
warranty to it, and that no act by any Agent hereafter taken, including any consent to and
acceptance of any assignment or review of the affairs of any Loan Party or any Affiliate thereof,
shall be deemed to constitute any representation or warranty by any Agent-Related Person to any
Lender as to any matter, including whether Agent-Related Persons have disclosed material
information in their possession. Each Lender represents to each Agent that it has, independently
and without reliance upon any Agent-Related Person and based on such documents and information as
it has deemed appropriate, made its own appraisal of and investigation into the business,
prospects, operations, property, financial and other condition and creditworthiness of the Loan
Parties and their respective Subsidiaries, and all applicable bank or other regulatory Laws
relating to the transactions contemplated hereby, and made its own decision to enter into this
Agreement and to extend credit to the Borrower and the other Loan Parties hereunder. Each Lender
also represents that it will, independently and without reliance upon any Agent-Related Person and
based on such documents and information as it shall deem appropriate at the time, continue to make
its own credit analysis, appraisals and
decisions in taking or not taking action under this Agreement and the other Loan Documents,
and to make such investigations as it deems necessary to inform itself as to the business,
prospects, operations, property, financial and other condition and creditworthiness of the Borrower
and the other Loan Parties. Except for notices, reports and other documents expressly required to
be furnished to the Lenders by any Agent herein, such Agent shall not have any duty or
responsibility to provide any Lender with any credit or other information concerning the business,
prospects, operations, property, financial and other condition or creditworthiness of any of the
Loan Parties or any of their respective Affiliates which may come into the possession of any
Agent-Related Person.

 

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SECTION 9.07. Indemnification of Agents. Whether or not the transactions contemplated hereby are consummated, the Lenders shall
indemnify upon demand each Agent-Related Person (to the extent not reimbursed by or on behalf of
any Loan Party and without limiting the obligation of any Loan Party to do so), pro rata, and hold
harmless each Agent-Related Person from and against any and all Indemnified Liabilities incurred by
it; provided that no Lender shall be liable for the payment to any Agent-Related Person of any
portion of such Indemnified Liabilities resulting from such Agent-Related Person’s own gross
negligence or willful misconduct, as determined by the final judgment of a court of competent
jurisdiction; provided that no action taken in accordance with the directions of the Required
Lenders (or such other number or percentage of the Lenders as shall be required by the Loan
Documents) shall be deemed to constitute gross negligence or willful misconduct for purposes of
this Section 9.07. In the case of any investigation, litigation or proceeding giving rise to any
Indemnified Liabilities, this Section 9.07 applies whether any such investigation, litigation or
proceeding is brought by any Lender or any other Person. Without limitation of the foregoing, each
Lender shall reimburse the Administrative Agent upon demand for its ratable share of any costs or
out-of-pocket expenses (including Attorney Costs) incurred by the Administrative Agent in
connection with the preparation, execution, delivery, administration, modification, amendment or
enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in
respect of rights or responsibilities under, this Agreement, any other Loan Document, or any
document contemplated by or referred to herein, to the extent that the Administrative Agent is not
reimbursed for such expenses by or on behalf of the Borrower, provided that such reimbursement by
the Lenders shall not affect the Borrower’s continuing reimbursement obligations with respect
thereto. The undertaking in this Section 9.07 shall survive termination of the Aggregate
Commitments, the payment of all other Obligations and the resignation of the Administrative Agent.

SECTION 9.08. Agents in their Individual Capacities. Each Agent and its respective Affiliates may make loans to, issue letters of credit for the
account of, accept deposits from, acquire Equity Interests in and generally engage in any kind of
banking, trust, financial advisory, underwriting or other business with each of the Loan Parties,
the Guarantors and their respective Affiliates as though such Agent were not an Agent or an L/C
Issuer hereunder and without notice to or consent of the Lenders. The Lenders acknowledge that,
pursuant to such activities, each Agent or its respective Affiliates may receive information
regarding any Loan Party, any Guarantor or any of their Affiliates (including information that may
be subject to confidentiality obligations in favor of such Loan Party, such Guarantor or such
Affiliate) and acknowledge that the Agents shall be under no obligation to provide such information
to them. With respect to its Loans, each Agent shall have the same rights and powers under the
Loan Documents as any other Lender and may exercise such rights and powers as though it were not an
Agent or an L/C Issuer, and the terms “Lender” and “Lenders” include each Agent in its individual
capacity.

SECTION 9.09. Resignation of Administrative Agent. The Administrative Agent may resign as the Administrative Agent upon thirty (30) days’
notice to the Lenders and the Borrower. If the Administrative Agent resigns under this Agreement,
the Required Lenders shall appoint from among the Lenders a successor agent for the Lenders, which
successor agent shall be consented to by the Borrower at all times other than during the existence
of an Event of Default under Section 8.01(f) (which consent of the Borrower shall not be
unreasonably withheld or delayed). If no successor agent is appointed prior to the effective date of the resignation of the Administrative Agent, the
Administrative Agent may appoint, after consulting with the Lenders and the Borrower, a successor
agent from among the Lenders. Upon the acceptance of its appointment as successor agent hereunder,
the Person acting as such successor agent shall succeed to all the rights, powers and duties of the
retiring Administrative Agent and the term “Administrative Agent,” shall mean such successor
administrative agent and/or supplemental administrative agent, as the case may be, and the retiring
Administrative Agent’s appointment, powers and duties as the Administrative Agent shall be
terminated. After the retiring Administrative Agent’s resignation hereunder as the Administrative
Agent, the provisions of this Article IX and Sections 10.04 and 10.05 shall inure to its benefit as
to any actions taken or omitted to be taken by it while it was the Administrative Agent under this
Agreement. If no successor agent has accepted appointment as the Administrative Agent by the date
which is thirty (30) days following the retiring Administrative Agent’s notice of resignation, the
retiring Administrative Agent’s resignation shall nevertheless

 

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thereupon become effective and the
Lenders shall perform all of the duties of the Administrative Agent hereunder until such time, if
any, as the Required Lenders appoint a successor agent as provided for above. Upon the acceptance
of any appointment as the Administrative Agent hereunder by a successor and upon the execution and
filing or recording of such financing statements, or amendments thereto, and such amendments or
supplements to the Mortgages, and such other instruments or notices, as may be necessary or
desirable, or as the Required Lenders may request, in order to (a) continue the perfection of the
Liens granted or purported to be granted by the Collateral Documents or (b) otherwise ensure that
the Collateral and Guarantee Requirement is satisfied, the Administrative Agent shall thereupon
succeed to and become vested with all the rights, powers, discretion, privileges, and duties of the
retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its
duties and obligations under the Loan Documents (if not already discharged therefrom as provided
above in this Section 9.09). After the retiring Administrative Agent’s resignation hereunder as
the Administrative Agent, the provisions of this Article IX and Sections 10.04 and 10.05 shall
continue in effect for its benefit in respect of any actions taken or omitted to be taken by it
while it was acting as the Administrative Agent.

Any resignation by Bank of America as Administrative Agent pursuant to this Section shall also
constitute its resignation as an L/C Issuer and Swing Line Lender. Upon the acceptance of a
successor’s appointment as Administrative Agent hereunder, (i) such successor shall succeed to and
become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer and
Swing Line Lender, (ii) the retiring L/C Issuer and Swing Line Lender shall be discharged from all
of their respective duties and obligations hereunder or under the other Loan Documents, and (iii)
the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit,
if any, outstanding at the time of such succession or make other arrangements satisfactory to the
retiring L/C Issuer effectively to assume the obligations of the retiring L/C Issuer with respect
to such Letters of Credit.

SECTION 9.10. Administrative Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any
Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C
Obligation shall then be due and payable as herein expressed or by declaration or otherwise and
irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall
be entitled and empowered, by intervention in such proceeding or otherwise:

(a) to file and prove a claim for the whole amount of the principal and interest owing
and unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing
and unpaid and to file such other documents as may be necessary or advisable in order to
have the claims of the Lenders and the Administrative Agent (including any claim for the
reasonable compensation, expenses, disbursements and advances of the Lenders and the
Administrative Agent and their respective agents and counsel and all other amounts due the
Lenders and the Administrative Agent under Sections 2.03(g) and (h), 2.09 and 10.04) allowed in such judicial
proceeding; and

(b) to collect and receive any monies or other property payable or deliverable on any
such claims and to distribute the same;

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Lender to make such payments to the
Administrative Agent and, in the event that the Administrative Agent shall consent to the making of
such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the
reasonable compensation, expenses, disbursements and advances of the Agents and their respective
agents and counsel, and any other amounts due the Administrative Agent under Sections 2.09 and
10.04.

 

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Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or
consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement,
adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the
Administrative Agent to vote in respect of the claim of any Lender in any such proceeding.

SECTION 9.11. Collateral and Guaranty Matters. The Lenders irrevocably agree:

(a) that any Lien on any property granted to or held by the Administrative Agent under
any Loan Document shall be automatically released (i) upon termination of the Aggregate
Commitments and payment in full of all Obligations (other than (x) obligations under Secured
Hedge Agreements not yet due and payable, (y) Cash Management Obligations not yet due and
payable and (z) contingent indemnification obligations not yet accrued and payable), the
expiration or termination of all Letters of Credit and any other obligation (including a
guarantee that is contingent in nature), (ii) at the time the property subject to such Lien
is transferred or to be transferred as part of or in connection with any transfer permitted
hereunder or under any other Loan Document to any Person other than Holdings, the Borrower
or any of its Domestic Subsidiaries that are Restricted Subsidiaries, (iii) subject to
Section 10.01, if the release of such Lien is approved, authorized or ratified in writing by
the Required Lenders or (iv) if the property subject to such Lien is owned by a Guarantor,
upon release of such Guarantor from its obligations under its Guaranty pursuant to clauses
(c) below;

(b) to release or subordinate any Lien on any property granted to or held by the
Administrative Agent under any Loan Document to the holder of any Lien on such property that
is permitted by Section 7.01(i);

(c) that any Guarantor shall be automatically released from its obligations under the
Guaranty if in the case of any Subsidiary, such Person ceases to be a Restricted Subsidiary
as a result of a transaction or designation permitted hereunder; provided that no such
release shall occur if such Guarantor continues to be a guarantor in respect of the Senior
Notes or any Permitted Additional Debt incurred pursuant to the proviso of the first
sentence in Section 7.03 or pursuant to Section 7.03(x); and

(d) at the Borrower’s election, if any Guarantor shall cease to be a Material
Subsidiary (as certified in writing by a Responsible Officer), (i) such Subsidiary shall be
automatically released from its obligations under any Guaranty and (ii) any Liens granted by
such Subsidiary or Liens on the Equity Interests of such Subsidiary shall be automatically
released; provided that in each case no such release shall occur if (A) such Subsidiary
continues to be a guarantor in respect of the Senior Notes or any Permitted Additional Debt
incurred pursuant to the proviso of the first
sentence in Section 7.03 or pursuant to Section 7.03(x) or (B) after giving effect to
such release, the Permitted Non-Guarantor Investment Condition would not be satisfied.

Upon request by the Administrative Agent at any time, the Required Lenders will confirm in
writing the Administrative Agent’s authority to release or subordinate its interest in particular
types or items of property, or to release any Guarantor from its obligations under the Guaranty
pursuant to this Section 9.11. In each case as specified in this Section 9.11, the Administrative
Agent will promptly (and each Lender irrevocably authorizes the Administrative Agent to), at the
Borrower’s expense, execute and deliver to the applicable Loan Party such documents as such Loan
Party may reasonably request to evidence the release or subordination of such item of Collateral
from the assignment and security interest granted under the Collateral Documents, or to evidence
the release of such Guarantor from its obligations under the Guaranty, in each case in accordance
with the terms of the Loan Documents and this Section 9.11.

 

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SECTION 9.12. Other Agents; Arrangers and Managers. None of the Lenders or other Persons identified on the facing page or signature pages of
this Agreement as a “syndication agent,” “co-documentation agent”, “joint book runner” or “joint
lead arranger” 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 the Lenders or other Persons so identified shall have or be deemed to have any fiduciary
relationship with any Lender. Each Lender acknowledges that it has not relied, and will not rely,
on any of the Lenders or other Persons so identified in deciding to enter into this Agreement or in
taking or not taking action hereunder.

SECTION 9.13. Appointment of Supplemental Administrative Agents.

(a) It is the intent of this Agreement and the other Loan Documents that there shall be no
violation of any Law of any jurisdiction denying or restricting the right of banking corporations
or associations to transact business as agent or trustee in such jurisdiction. It is recognized
that in case of litigation under this Agreement or any of the other Loan Documents, and in
particular in case of the enforcement of any of the Loan Documents, or in case the Administrative
Agent deems that by reason of any present or future Law of any jurisdiction it may not exercise any
of the rights, powers or remedies granted herein or in any of the other Loan Documents or take any
other action which may be desirable or necessary in connection therewith, the Administrative Agent
is hereby authorized to appoint an additional individual or institution selected by the
Administrative Agent in its sole discretion as a separate trustee, co-trustee, administrative
agent, collateral agent, administrative sub-agent or administrative co-agent (any such additional
individual or institution being referred to herein individually as a “Supplemental Administrative
Agent” and collectively as “Supplemental Administrative Agents”).

(b) In the event that the Administrative Agent appoints a Supplemental Administrative Agent
with respect to any Collateral, (i) each and every right, power, privilege or duty expressed or
intended by this Agreement or any of the other Loan Documents to be exercised by or vested in or
conveyed to the Administrative Agent with respect to such Collateral shall be exercisable by and
vest in such Supplemental Administrative Agent to the extent, and only to the extent, necessary to
enable such Supplemental Administrative Agent to exercise such rights, powers and privileges with
respect to such Collateral and to perform such duties with respect to such Collateral, and every
covenant and obligation contained in the Loan Documents and necessary to the exercise or
performance thereof by such Supplemental Administrative Agent shall run to and be enforceable by
either the Administrative Agent or such Supplemental Administrative Agent, and (ii) the provisions
of this Article IX and of Sections 10.04 and 10.05 that refer to the Administrative Agent shall
inure to the benefit of such Supplemental Administrative Agent and all references therein to the
Administrative Agent shall be deemed to be references to the Administrative Agent and/or such
Supplemental Administrative Agent, as the context may require.

(c) Should any instrument in writing from any Loan Party be required by any Supplemental
Administrative Agent so appointed by the Administrative Agent for more fully and certainly vesting
in and confirming to him or it such rights, powers, privileges and duties, the Borrower or
Holdings, as applicable, shall, or shall cause such Loan Party to, execute, acknowledge and deliver
any and all such instruments promptly upon request by the Administrative Agent. In case any
Supplemental Administrative Agent, or a successor thereto, shall die, become incapable of acting,
resign or be removed, all the rights, powers, privileges and duties of such Supplemental
Administrative Agent, to the extent permitted by Law, shall vest in and be exercised by the
Administrative Agent until the appointment of a new Supplemental Administrative Agent.

 

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SECTION 9.14. Withholding Taxes. To the extent required by any applicable Laws, the Administrative Agent may withhold from
any payment to any Lender an amount equivalent to any applicable withholding Tax. Without limiting
or expanding the provisions of Section 3.01, each Lender shall indemnify and hold harmless the
Administrative Agent against, and shall make payable in respect thereof within 10 days after demand
therefor, any and all Taxes and any and all related losses, claims, liabilities and expenses
(including fees, charges and disbursements of any counsel for the Administrative Agent) incurred by
or asserted against the Administrative Agent by the IRS or any other Governmental Authority as a
result of the failure of the Administrative Agent to properly withhold Tax from amounts paid to or
for the account of such Lender for any reason (including, without limitation, because the
appropriate form was not delivered or not properly executed, or because such Lender failed to
notify the Administrative Agent of a change in circumstance that rendered the exemption from, or
reduction of withholding Tax ineffective). A certificate as to the amount of such payment or
liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest
error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all
amounts at any time owing to such Lender under this Agreement or any other Loan Document against
any amount due the Administrative Agent under this Section 9.14. The agreements in this Section
9.14 shall survive the resignation and/or replacement of the Administrative Agent, any assignment
of rights by, or the replacement of, a Lender, the termination of the Commitments and the
repayment, satisfaction or discharge of all other Obligations.

ARTICLE X

Miscellaneous

SECTION 10.01. Amendments, Etc.Except as otherwise set forth in this Agreement, no amendment, modification, supplement or
waiver of any provision of this Agreement or any other Loan Document, and no consent to any
departure by the Borrower or any other Loan Party therefrom, shall be effective unless in writing
signed by the Required Lenders and the Borrower or the applicable Loan Party, as the case may be,
and acknowledged by the Administrative Agent, and each such waiver, amendment, modification,
supplement or consent shall be effective only in the specific instance and for the specific purpose
for which given; provided that, no such amendment, modification, supplement, waiver or consent
shall:

(a) extend or increase the Commitment of any Lender without the written consent of such
Lender (it being understood that a waiver of any condition precedent set forth in Section
4.02 or the waiver of any Default, mandatory prepayment or mandatory reduction of the
Commitments shall not constitute an extension or increase of any Commitment of any Lender);

(b) postpone any date scheduled for, or reduce the amount of, any payment of principal
or interest under Section 2.07 or 2.08 without the written consent of each Lender directly
affected thereby, it being understood that the waiver of (or amendment to the terms of) any
mandatory prepayment of the Term Loans shall not constitute a postponement of any date
scheduled for the payment of principal or interest;

(c) reduce the principal of, or the rate of interest specified herein on, any Loan or
L/C Borrowing, or (subject to clause (iii) of the second proviso to this Section 10.01) any
fees or other amounts payable hereunder or under any other Loan Document without the written
consent of each Lender directly affected thereby, it being understood that any change to the
definition of Senior Secured Leverage Ratio or, in each case, in the component definitions
thereof shall not constitute a reduction in the rate of interest; provided that, only the
consent of the Required Lenders shall be necessary to amend the definition of “Default Rate”
or to waive any obligation of the Borrower to pay interest at the Default Rate;

 

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(d) change any provision of this Section 10.01, the definition of “Required Lenders” or
“Pro Rata Share” or Section 2.05(b)(v)(Y), 2.06(c) or 2.13 or without the written consent of
each Lender adversely affected thereby;

(e) (i) without the written consent of each Lender, release all or substantially all of
the Collateral in any transaction or series of related transactions other than in a
transaction permitted under Section 7.04 or Section 7.05 or (ii) without the written consent
of the Majority Revolving Credit Lenders, (A) permit any transaction or series of related
transactions that would reduce the Total Assets to less than $1,000,000,000, (B) waive or
amend Section 7.05(j)(ii) or (C) waive or amend this Section 10.01(e)(ii);

(f) other than in a transaction permitted under Section 7.04 or Section 7.05, release
all or substantially all of the aggregate value of the Guaranties, without the written
consent of each Lender; or

(g) waive any condition set forth in Section 4.02 as to any Credit Extension under the
Revolving Credit Facility or increase the maximum permitted amount of Credit Extensions that
share in the benefits of Section 8.03 on a pari passu basis with the Revolving Credit
Facility, in each case, without the written consent of the Majority Revolving Credit
Lenders.

(h) amend any provision of Section 8.03 (or the equivalent provisions of the First Lien
Intercreditor Agreement) without the consent of each Lender adversely affected thereby.

and provided further that (i) no amendment, waiver or consent shall, unless in writing and signed
by each L/C Issuer, in addition to the Lenders required above, affect the rights or duties of an
L/C Issuer under this Agreement or any Letter of Credit Application relating to any Letter of
Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing
and signed by the Swing Line Lender in addition to the Lenders required above, affect the rights or
duties of the Swing Line Lender under this Agreement; (iii) no amendment, waiver or consent shall,
unless in writing and signed by the Administrative Agent in addition to the Lenders required above,
affect the rights or duties of, or any fees or other amounts payable to, the Administrative Agent
under this Agreement or any other Loan Document; (iv) Section 10.07(h) may not be amended, waived
or otherwise modified without the consent of each Granting Lender all or any part of whose Loans
are being funded by an SPC at the time of such amendment, waiver or other modification; and (v) the
consent of Lenders holding more than 50% of any Class of Commitments shall be required with respect
to any amendment that by its terms adversely affects the rights of such Class in respect of
payments hereunder in a manner different than such amendment affects other Classes. Any such
waiver and any such amendment, modification or supplement in accordance with the terms of this
Section 10.01 shall apply equally to each of the Lenders and shall be binding on the Loan Parties,
the Lenders, the Agents, the L/C Issuers and all future holders of the Loans and Commitments. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right
to approve or disapprove any amendment, waiver or consent hereunder, except that the Commitment of
such Lender may not be increased or extended without the consent of such Lender (it being
understood that any Commitments or Loans held or deemed held by any Defaulting Lender shall be
excluded for a vote of the Lenders hereunder requiring any consent of the Lenders).

Notwithstanding the foregoing, this Agreement may be amended (or amended and restated) with
the written consent of the Required Lenders, the Administrative Agent and the Borrower (a) to add
one or more additional credit facilities to this Agreement and to permit the 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 Term Loans
(including as to right of priority of payments under Section 8.03) and the accrued interest and
fees in respect thereof and (b) to include appropriately the Lenders holding such credit facilities
in any determination of the Required Lenders.

 

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In addition, notwithstanding the foregoing, this Agreement and the other Loan Documents may be
amended with the written consent of the Administrative Agent, the Borrower and the Lenders
providing the Replacement Term Loans (as defined below) pursuant to an Additional Credit Extension
Amendment to permit the refinancing of all outstanding Term Loans of any Class (“Refinanced Term
Loans”) with replacement term loans (“Replacement Term Loans”) hereunder; provided that (a) the
aggregate principal amount of such Replacement Term Loans shall not exceed the aggregate principal
amount of such Refinanced Term Loans, (b) the Applicable Rate with respect to such Replacement Term
Loans (or similar interest rate spread applicable to such Replacement Term Loans) shall not be
higher than the Applicable Rate for such Refinanced Term Loans (or similar interest rate spread
applicable to such Refinanced Term Loans) immediately prior to such refinancing, (c) the Weighted
Average Life to Maturity of such Replacement Term Loans shall not be shorter than the Weighted
Average Life to Maturity of such Refinanced Term Loans at the time of such refinancing (except to
the extent of nominal amortization for periods where amortization has been eliminated as a result
of prepayment of the Term Loans), (d) all other terms applicable to such Replacement Term Loans
shall be substantially identical to, or less favorable to the Lenders providing such Replacement
Term Loans than, those applicable to such Refinanced Term Loans, except to the extent necessary to
provide for covenants and other terms applicable to any period after the latest final maturity of
the Term Loans in effect immediately prior to such refinancing and (e) except to the extent
otherwise provided in the applicable Additional Credit Extension Amendment, to the extent that a
Replacement Term Loan refinances a Refinanced Term Loan held by the maker of such Replacement Term
Loan, such Replacement Term Loan shall be deemed to be a modification of such Refinanced Term Loan
on the terms of such Replacement Term Loan and not a new or separate indebtedness.

In addition, notwithstanding the foregoing, the consent of a Lender to an amendment (or
amendment and restatement) of this Agreement shall not be required if, upon giving effect to such
amendment (or amendment and restatement) immediately upon the initial extensions of credit
thereunder, such Lender shall no longer be a party to this Agreement (as so amended or amended and
restated), the Commitments of such Lender shall have terminated (but such Lender shall continue to
be entitled to the benefits of Sections 3.01, 3.04, 3.05, 10.04 and 10.05 with respect to facts and
circumstances occurring prior to the effective date of such amendment or amendment and
restatement), such Lender shall have no other commitment or other obligation hereunder and shall
have been paid in full all principal, interest and other amounts owing to it or accrued for its
account under this Agreement.

Notwithstanding anything to the contrary contained in Section 10.01, (a) guarantees,
collateral security documents and related documents executed by Subsidiaries in connection with
this Agreement may be in a form reasonably determined by the Administrative Agent and may be,
together
with this Agreement, amended and waived with the consent of the Administrative Agent at the
request of the Borrower without the need to obtain the consent of any other Lender if such
amendment or waiver is delivered in order (i) to comply with local Law or advice of local counsel,
(ii) to cure ambiguities or defects or (iii) to cause such guarantee, collateral security document
or other document to be consistent with this Agreement and the other Loan Documents and (b) the
Administrative Agent is authorized to enter into any First Lien Intercreditor Agreement or Junior
Lien Intercreditor Agreement (or any amendment or supplement thereto) in connection with the
issuance of any Indebtedness by the Loan Parties secured by a Lien pursuant to Section 7.01(aa).

 

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SECTION 10.02. Notices and Other Communications; Facsimile Copies.

(a) General. Unless otherwise expressly provided herein, all notices and other communications
provided for hereunder or under any other Loan Document shall be in writing (including by facsimile
transmission). All such written notices shall be mailed, faxed or delivered to the applicable
address, facsimile number or electronic mail address, and all notices and other communications
expressly permitted hereunder to be given by telephone shall be made to the applicable telephone
number, as follows:

(i) if to the Borrower, the Administrative Agent, an L/C Issuer or the Swing Line
Lender, to the address, facsimile number, electronic mail address or telephone number
specified for such Person on Schedule 10.02 or to such other address, facsimile
number, electronic mail address or telephone number as shall be designated by such party in
a notice to the other parties; and

(ii) if to any other Lender, to the address, facsimile number, electronic mail address
or telephone number specified in its Administrative Questionnaire or to such other address,
facsimile number, electronic mail address or telephone number as shall be designated by such
party in a notice to the Borrower, the Administrative Agent, the L/C Issuers and the Swing
Line Lender.

All such notices and other communications shall be deemed to be given or made upon the earlier to
occur of (i) actual receipt by the relevant party hereto and (ii) (A) if delivered by hand or by
courier, when signed for by or on behalf of the relevant party hereto; (B) if delivered by mail,
four (4) Business Days after deposit in the mails, postage prepaid; (C) if delivered by facsimile,
when sent and receipt has been confirmed by telephone; and (D) if delivered by electronic mail
(which form of delivery is subject to the provisions of Section 10.02(c)), when delivered; provided
that notices and other communications to the Administrative Agent, the L/C Issuers and the Swing
Line Lender pursuant to Article II shall not be effective until actually received by such Person.
In no event shall a voice mail message be effective as a notice, communication or confirmation
hereunder.

(b) Effectiveness of Facsimile Documents and Signatures. Loan Documents may be transmitted
and/or signed by facsimile or other electronic communication. The effectiveness of any such
documents and signatures shall, subject to applicable Law, have the same force and effect as
manually signed originals and shall be binding on all Loan Parties, the Agents and the Lenders.

(c) Reliance by Agents and Lenders. The Agent-Related Persons and the Lenders shall be
entitled to rely and act upon any notices (including telephonic Committed Loan Notices and Swing
Line Loan Notices) reasonably believed by them to have been given by or on behalf of the Borrower
even if (i) such notices were not made in a manner specified herein, were incomplete or were not
preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as
understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify
each Agent-Related Person and each Lender from all losses, costs, expenses and liabilities
resulting from the reliance
by such Person on each notice purportedly given by or on behalf of the Borrower in the absence
of gross negligence or willful misconduct. All telephonic notices to the Administrative Agent may
be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such
recording.

 

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(d) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT-RELATED
PERSONS DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF
THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER
MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR
FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT-RELATED PERSON IN CONNECTION WITH
THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Agent-Related Persons have any
liability to the Borrower, any Lender or any other Person for losses, claims, damages, liabilities
or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or
the Administrative Agent’s transmission of Borrower Materials through the Internet, except to the
extent that such losses, claims, damages, liabilities or expenses are determined by a court of
competent jurisdiction by a final and nonappealable judgment to have resulted from (x) the gross
negligence, bad faith or willful misconduct of such Agent-Related Person or of any affiliate,
director, officer, employee, counsel, agent, trustee or advisors of such Agent-Related Person or
(y) a material breach of any obligations under this Agreement by such Agent-Related Person or of
any affiliate, director, officer, employee, counsel, agent, trustee or advisors of such
Agent-Related Person; provided, however, that in no event shall any Agent-Related Person have any
liability to the Borrower, any Lender or any other Person for indirect, special, consequential or
punitive damages (as opposed to direct or actual damages).

SECTION 10.03. No Waiver; Cumulative Remedies. No failure by any Lender or the Administrative Agent to exercise, and no delay by any such
Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan
Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right,
remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise
of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein
provided, and provided under each other Loan Document, are cumulative and not exclusive of any
rights, remedies, powers and privileges provided by Law.

SECTION 10.04. Attorney Costs and Expenses. The Borrower agrees (a) to pay or reimburse the Agents for all reasonable and documented
out of pocket costs and expenses incurred in connection with the preparation, negotiation,
syndication and execution of this Agreement and the other Loan Documents and any amendment, waiver,
consent or other modification of the provisions hereof and thereof (whether or not the transactions
contemplated thereby are consummated), and the consummation and administration of the transactions
contemplated hereby and thereby, including all Attorney Costs of Cahill Gordon & Reindel
llp, and (b) to pay or reimburse the Administrative Agent and the Lenders for all
reasonable and documented out-of-pocket costs and expenses incurred in connection with the
enforcement of any rights or remedies under this Agreement or the other Loan Documents (including
all such costs and expenses incurred during any legal proceeding, including any proceeding under
any Debtor Relief Law, and including all Attorney Costs of counsel to the Administrative Agent).
The agreements in this Section 10.04 shall survive the termination of the Aggregate Commitments and
repayment of all other Obligations. All amounts due under this Section 10.04 shall be paid
promptly following receipt by the Borrower of an invoice relating thereto setting forth such
expenses in reasonable detail. If any Loan Party fails to pay when due any costs, expenses or
other amounts payable by it hereunder or under any Loan Document, such amount may be paid on behalf
of such Loan Party by the Administrative Agent in its sole discretion.

 

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SECTION 10.05. Indemnification by the Borrower. The Borrower shall indemnify and hold harmless the Administrative Agent, each Lender, the
Arrangers, the Co-Documentation Agents and their respective Affiliates, partners, directors,
officers, members, employees, agents, trustees and advisors (collectively the “Indemnitees”) from
and against any and all liabilities, obligations, losses, damages, penalties, claims, demands,
actions, judgments, suits, costs, expenses and disbursements (including Attorney Costs) of any kind
or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such
Indemnitee in any way relating to or arising out of or in connection with (a) in the case of the
Agents and their respective Affiliates, partners, directors, officers, members, employees, agents,
trustees and advisors, their activities in connection with the initial marketing and syndication of
the Term B Loans and the Revolving Commitments, (b) the negotiation, execution, delivery,
enforcement, performance or administration of any Loan Document or any other agreement, letter or
instrument delivered in connection with the transactions contemplated thereby or the consummation
of the transactions contemplated thereby, including the Administrative Agent’s performance of
duties under Section 2.11, (c) any Commitment, Loan or Letter of Credit or the use or proposed use
of the proceeds therefrom (including any refusal by an L/C Issuer to honor a demand for payment
under a Letter of Credit if the documents presented in connection with such demand do not strictly
comply with the terms of such Letter of Credit), (d) any actual or alleged presence or Release or
threatened Release of Hazardous Materials on, at, under or from any property currently or formerly
owned or operated by the Borrower, any Subsidiary or any other Loan Party, or any Environmental
Liability relating to the Borrower, any Subsidiary or any other Loan Party, (e) any actual or
prospective claim, litigation, investigation or proceeding relating to any of the foregoing,
whether based on contract, tort or any other theory (including any investigation of, preparation
for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and
regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the
“Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be
available to the extent that such liabilities, obligations, losses, damages, penalties, claims,
demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross
negligence, bad faith or willful misconduct of such Indemnitee or of any of its Related Indemnitees
or (y) a breach of any material obligations under any Loan Document by such Indemnitee or of any of
its Related Indemnitees. No Indemnitee shall be liable for any damages arising from the use by
others of any information or other materials obtained through IntraLinks or other similar
information transmission systems in connection with this Agreement, nor shall any Indemnitee or any
Loan Party (except, with respect to any Loan Party, as a result of its indemnification obligations
hereunder) have any liability for any special, punitive, indirect or consequential damages relating
to this Agreement or any other Loan Document or arising out of its activities in connection
herewith or therewith (whether before or after the Closing Date). In the case of an investigation,
litigation or other proceeding to which the indemnity in this Section 10.05 applies, such indemnity
shall be effective whether or not such investigation, litigation or proceeding is brought by any
Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether
or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions
contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due
under this Section 10.05 shall be paid within 20 Business Days after written demand therefor. The
agreements in this Section 10.05 shall survive the resignation of the Administrative Agent, the
replacement of any Lender, the termination of the Aggregate Commitments and the repayment,
satisfaction or discharge of all the other Obligations.

SECTION 10.06. Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any
Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds
of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or
preferential, set aside or required (including pursuant to any settlement entered into by such
Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in
connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of
such recovery, the obligation or part thereof originally intended to be satisfied shall be revived
and continued in full force and effect as if such payment had not been made or such setoff had not
occurred,
and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its
applicable share of any amount so recovered from or repaid by any Agent, plus interest thereon from
the date of such demand to the date such payment is made at a rate per annum equal to the Federal
Funds Rate from time to time in effect.

 

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SECTION 10.07. 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, except that neither
Holdings nor the Borrower may, except as permitted by Section 7.04, assign or otherwise transfer
any of its rights or obligations hereunder without the prior written consent of the Administrative
Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or
obligations hereunder except (i) to an Eligible Assignee, (ii) by way of participation in
accordance with the provisions of Section 10.07(e), (iii) by way of pledge or assignment of a
security interest subject to the restrictions of Section 10.07(g) or (iv) to an SPC in accordance
with the provisions of Section 10.07(h) (and any other attempted assignment or transfer by any
party hereto shall be null and void). 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, Participants to the extent provided in Section 10.07(e) and, to the
extent expressly contemplated hereby, the Indemnitees) 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 (“Assignees”) all or a portion of its rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans (including for purposes of
this Section 10.07(b), participations in L/C Obligations and in Swing Line Loans) at the time owing
to it) with the prior written consent (such consent not to be unreasonably withheld or delayed, it
being understood that the Borrower shall have the right to withhold its consent if the Borrower
would be required to obtain the consent of, or make a filing or registration with, a Governmental
Agency) of:

(A) the Borrower, provided that no consent of the Borrower shall be required (1) for an
assignment of Term Loans to a Lender, an Affiliate of a Lender or an Approved Fund (or an
assignment of Commitments and Loans under the Revolving Credit Facility by a Lender to an
Affiliate of such Lender) or (2) if an Event of Default under Section 8.01(a) or, solely
with respect to the Borrower, Section 8.01(f) has occurred and is continuing, for any
assignment to any Assignee;

(B) the Administrative Agent; provided that no consent of the Administrative Agent
shall be required for an assignment of all or any portion of a Term Loan to another Lender,
an Affiliate of a Lender or an Approved Fund;

(C) each Principal L/C Issuer at the time of such assignment, provided that no consent
of the Principal L/C Issuers shall be required for any assignment of a Term Loan or any
assignment to an Agent or an Affiliate of an Agent; and

(D) in the case of any assignment of any of the Revolving Credit Facility, the Swing
Line Lender.

(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 or
if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date) shall
not be less than a principal amount of $5,000,000 (in the case of the Revolving Credit
Facility) or a principal amount of $1,000,000 (in the case of a Term Loan) unless each of
the Borrower and the Administrative Agent otherwise consents, provided that (1) no such
consent of the Borrower shall be required if an Event of Default under Section 8.01(a) or,
solely with respect to the Borrower, Section 8.01(f) has occurred and is continuing and (2)
concurrent assignments to members of an Assignee Group and concurrent assignments from
members of an Assignee Group to a single Eligible Assignee (or to an Eligible Assignee and
members of its Assignee Group) will be treated as a single assignment for purposes of
determining whether such minimum amount has been met;

 

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(B) 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
$3,500; provided that the Administrative Agent may, in its sole discretion, elect to waive
such processing and recordation fee in the case of any assignment;

(C) the Assignee, if it shall not be a Lender, shall deliver to the Administrative
Agent an Administrative Questionnaire;

(D) the Assignee shall comply with Section 3.01(b) and (c) or Section 3.01(e), as
applicable;

(E) no such assignment shall be made (A) to Holdings, the Borrower or any of the
Borrower’s Subsidiaries except as permitted under Section 2.05(a)(v), (B) other than in
accordance with subsection (k) below, to any of the Borrower’s Affiliates or (C) to a
natural person; and

(F) the Assignee shall represent and warrant to the Administrative Agent that it is not
an Affiliated Lender or identify itself as an Affiliated Lender;.

This paragraph (b) shall not prohibit any Lender from assigning all or a portion of its rights
and obligations among separate Facilities on a non-pro rata basis.

(c) Subject to acceptance and recording thereof by the Administrative Agent pursuant to
Section 10.07(d) (and, in the case of an assignment by or to an Affiliated Lender, recordation in
the Affiliated Lender Register in accordance with Section 10.07(n)), from and after the effective
date specified in each Assignment and Assumption, the Eligible Assignee thereunder shall be a party
to this Agreement 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 3.01, 3.04, 3.05, 10.04 and 10.05 with respect to facts and circumstances occurring prior
to the effective date of such assignment). Upon request, and the surrender by the assigning Lender
of its Note, the Borrower (at its expense) shall execute and deliver a Note to the assignee Lender.
Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not
comply with this clause (c) 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 Section 10.07(e).

(d) The Administrative Agent, acting solely for this purpose as an agent of the Borrower,
shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption
delivered to it and a register for the recordation of the names and addresses of the Lenders, and
the Commitments of, and principal amounts (and related interest amounts) of the Loans, L/C
Obligations (specifying the Unreimbursed Amounts), L/C Borrowings and amounts due under Section
2.03, owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The
entries in the Register shall be presumed correct, absent manifest error, and the Borrower, the
Agents and the Lenders shall 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, any Agent and any
Lender, at any reasonable time and from time to time upon reasonable prior notice.

 

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(e) Any Lender may at any time, without the consent of, or notice to, the Borrower or the
Administrative Agent, sell participations to any Person (other than a natural person) (each, a
“Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement
(including all or a portion of its Commitment and/or the Loans (including such Lender’s
participations in L/C Obligations and/or Swing Line Loans) owing to it); provided that (i) such
Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain
solely responsible to the other parties hereto for the performance of such obligations and (iii)
the Borrower, the Agents 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 the other Loan Documents and to approve
any amendment, modification or waiver of any provision of this Agreement or the other Loan
Documents; provided that such agreement or instrument may provide that such Lender will not,
without the consent of the Participant, agree to any amendment, waiver or other modification
described in the first proviso to Section 10.01 that directly affects such Participant. Subject to
Section 10.07(f), the Borrower agrees that each Participant shall be entitled to the benefits of
Sections 3.01 (subject to the requirements and limitations therein, including the requirements of
Section 3.01(c)), 3.04 and 3.05 (through the applicable Lender) to the same extent as if it were a
Lender and had acquired its interest by assignment pursuant to Section 10.07(c). To the extent
permitted by applicable Law, each Participant also shall be entitled to the benefits of Section
10.09 as though it were a Lender; provided that such Participant agrees to be subject to Section
2.13 as though it were a Lender. Each Lender that sells a participation shall, acting solely for
this purpose as a non-fiduciary agent of the Borrower, maintain a register complying with the
requirements of Section 163(f), 871(h) and 881(c)(2) of the Code and the Treasury regulations
issued thereunder relating to the exemption from withholding for portfolio interest on which is
entered the name and address of each Participant and the principal amounts (and stated interest) of
each Participant’s interest in the Loans or other obligations under this Agreement (the
“Participant Register”); provided that no Lender shall have any obligation to disclose all or any
portion of the Participant Register to any Person (including the identity of any participant or any
information relating to a participant’s interest in any Commitments, Loans or its other obligations
under this Agreement) except to the extent that the relevant parties, acting reasonably and in good
faith, determine that such disclosure is necessary to establish that such Commitment, Loan or other
obligation is in registered form under Section 5f.103-1(c) of the United States Treasury
Regulations. Unless otherwise required by the Internal Revenue Service (“IRS”), any disclosure
required by the foregoing sentence shall be made by the relevant Lender directly and solely to the
IRS. Entries in the Participant Register shall be presumed correct, absent manifest error and
such Lender shall treat each person whose name is recorded in the Participant Register as the owner
of such participation for all purposes of this Agreement notwithstanding any notice to the
contrary.

(f) A Participant shall not be entitled to receive any greater payment under Section 3.01,
3.04 or 3.05 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 or such entitlement to a greater payment results
from a change in Law after the sale of the participation takes place.

 

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(g) Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement (including under its Note, if any) to secure obligations of such
Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank;
provided that no such pledge or assignment shall release such Lender from any of its obligations
hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

(h) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting
Lender”) may grant to a special purpose funding vehicle identified as such in writing from time to
time by the Granting Lender to the Administrative Agent and the Borrower (an “SPC”) the option to
provide all or any part of any Loan that such Granting Lender would otherwise be obligated to make
pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any
SPC to fund any Loan, and (ii) if an SPC elects not to exercise such option or otherwise fails to
make all or any part of such Loan, the Granting Lender shall be obligated to make such Loan
pursuant to the terms hereof. Each party hereto hereby agrees that (i) each SPC shall be entitled
to the benefits of Sections 3.01 (subject to the requirements and limitations therein, including
the requirements of Section 3.01(c), 3.04 and 3.05 (through the Granting Lender) to the same extent
as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of
this Section 10.07, (ii) neither the grant to any SPC nor the exercise by any SPC of such option
shall increase the costs or expenses or otherwise increase or change the obligations of the
Borrower under this Agreement (including its obligations under Section 3.01, 3.04 or 3.05) unless
such increase or change results from a change in Law after the SPC becomes a SPC, (iii) no SPC
shall be liable for any indemnity or similar payment obligation under this Agreement for which a
Lender would be liable, and (iv) the Granting Lender shall for all purposes, including the approval
of any amendment, waiver or other modification of any provision of any Loan Document, remain the
lender of record hereunder. The making of a Loan by an SPC hereunder shall utilize the Commitment
of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender.
Notwithstanding anything to the contrary contained herein, any SPC may (i) with notice to, but
without prior consent of the Borrower and the Administrative Agent and with the payment of a
processing fee of $3,500, assign all or any portion of its right to receive payment with respect to
any Loan to the Granting Lender and (ii) disclose on a confidential basis any non-public
information relating to its funding of Loans to any rating agency, commercial paper dealer or
provider of any surety or Guarantee or credit or liquidity enhancement to such SPC.

(i) Notwithstanding anything to the contrary contained herein, (1) any Lender may in
accordance with applicable Law create a security interest in all or any portion of the Loans owing
to it and the Note, if any, held by it and (2) any Lender that is a Fund may create a security
interest in all or any portion of the Loans owing to it and the Note, if any, held by it to the
trustee for holders of obligations owed, or securities issued, by such Fund as security for such
obligations or securities; provided that unless and until such trustee actually becomes a Lender in
compliance with the other provisions of this Section 10.07, (i) no such pledge shall release the
pledging Lender from any of its obligations under the Loan Documents and (ii) such trustee shall
not be entitled to exercise any of the rights of a Lender under the Loan Documents even though such
trustee may have acquired ownership rights with respect to the pledged interest through foreclosure
or otherwise.

 

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(j) Notwithstanding anything to the contrary contained herein, any L/C Issuer or the Swing
Line Lender may, upon thirty (30) days’ notice to the Borrower and the Lenders, resign as an L/C
Issuer or the Swing Line Lender, respectively; provided that on or prior to the expiration of such
30-day period with respect to such resignation, the relevant L/C Issuer or the Swing Line Lender
shall have identified, in consultation with the Borrower, a successor L/C Issuer or Swing Line Lender willing
to accept its appointment as successor L/C Issuer or Swing Line Lender, as applicable. In the
event of any such resignation of an L/C Issuer or the Swing Line Lender, the Borrower shall be
entitled to appoint from among the Lenders willing to accept such appointment a successor L/C
Issuer or Swing Line Lender hereunder; provided that no failure by the Borrower to appoint any such
successor shall affect the resignation of the relevant L/C Issuer or the Swing Line Lender, as the
case may be. If an L/C Issuer resigns as an L/C Issuer, it shall retain all the rights and
obligations of an L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the
effective date of its resignation as an L/C Issuer and all L/C Obligations with respect thereto
(including the right to require the Lenders to make Loans or fund risk participations in
Unreimbursed Amounts pursuant to Section 2.03(c)). If the Swing Line Lender resigns as Swing Line
Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect
to Swing Line Loans made by it and outstanding as of the effective date of such resignation,
including the right to require the Lenders to make Base Rate Loans or fund risk participations in
outstanding Swing Line Loans pursuant to Section 2.04(c).

(k) Any Lender may, at any time, assign all or a portion of its Term Loans to a Person who is
or will become, after such assignment, an Affiliated Lender and any Affiliated Lender may assign
Term Loans, subject to the following limitations:

(i) Affiliated Lenders will not receive information provided solely to Lenders by the
Administrative Agent or any Lender and will not be permitted to attend or participate in
meetings attended solely by the Lenders and the Administrative Agent, other than the right
to receive notices of prepayments and other administrative notices in respect of its Term
Loans or Commitments required to be delivered to Lenders pursuant to Article II;

(ii) each Affiliated Lender (other than a Debt Fund Affiliate) that (A) purchases any
Loans pursuant to this clause (k) shall represent and warrant to the seller and (B) sells
any Loan hereunder shall represent and warrant to the buyer, in each case, that it does not
possess material non-public information with respect to Holdings and its Subsidiaries (or
other information that may be material to a decision by any Lender to participate in such
assignment) or the securities of any of them that has not been disclosed to the Lenders
generally (other than Lenders who elect not to receive such information);

(iii) the Borrower shall have consented to such assignment; provided that in no event
shall the Borrower consent to any assignment to any Affiliate if the conditions set forth in
clause (ii), (iv) or (v) of this clause (k) are not satisfied prior to and immediately after
giving effect to such assignment;

(iv) the aggregate principal amount of Term Loans held at any one time by Affiliated
Lenders (other than Debt Fund Affiliates) may not exceed 20% of the original principal
amount of all Term Loans at such time outstanding;

(v) no interest in the Revolving Credit Facility may be assigned to any Affiliated
Lender (other than a Debt Fund Affiliate); and

(vi) in addition to the requirements of clause (c) above, such assignment shall only
become effective upon being recorded in the Affiliated Lender Register as provided in clause
(n) below.

 

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(l) Notwithstanding anything in Section 10.01 or the definition of “Required Lenders” to the
contrary, for purposes of determining whether the Required Lenders have (i) consented (or not
consented) to any amendment, modification, waiver, consent or other action with respect to any
of the terms of any Loan Document or any departure by any Loan Party therefrom, or subject to
Section 10.07(m), any plan of reorganization pursuant to the U.S. Bankruptcy Code, (ii) otherwise
acted on any matter related to any Loan Document, or (iii) directed or required the Administrative
Agent or any Lender to undertake any action (or refrain from taking any action) with respect to or
under any Loan Document, no Affiliated Lender (other than Debt Fund Affiliates) shall have any
right to consent (or not consent), otherwise act or direct or require the Administrative Agent or
any Lender to take (or refrain from taking) any such action and:

(A) all Loans held by any Affiliated Lenders (other than Debt Fund Affiliates) shall be
deemed to be not outstanding for all purposes of calculating whether the Required Lenders
have taken any action;

(B) all Loans held by Affiliated Lenders (other than Debt Fund Affiliates) shall be
deemed to be not outstanding for all purposes of calculating whether all Lenders have taken
any action unless the action in question affects such Affiliated Lender in a
disproportionately adverse manner than its effect on other Lenders; and

(C) all Loans held by Debt Fund Affiliates shall be deemed to be not outstanding to the
extent such Loans would account for more than 50% of the amount of Loans and Commitments
included in determining whether the Required Lenders have taken or consented to any action
(it being understood that such excess amount of Loans and Commitments shall be deemed not to
be outstanding on a pro rata basis among all Debt Fund Affiliates in accordance with the
respective amounts of such Loans and Commitments held by them).

(m) Notwithstanding anything in this Agreement or the other Loan Documents to the contrary, to
the fullest extent permitted by applicable Law (i) each Affiliated Lender (other than any Debt Fund
Affiliate) hereby agrees that, if a proceeding under any Debtor Relief Law shall be commenced by or
against the Borrower or any other Loan Party at a time when such Lender is an Affiliated Lender,
such Affiliated Lender irrevocably authorizes and empowers the Administrative Agent to vote on
behalf of such Affiliated Lender with respect to the Loans held by such Affiliated Lender in any
manner in the Administrative Agent’s sole discretion, unless the Administrative Agent instructs
such Affiliated Lender to vote, in which case such Affiliated Lender shall vote with respect to the
Loans held by it as the Administrative Agent directs; provided that such Affiliated Lender shall be
entitled to vote in accordance with its sole discretion (and not in accordance with the direction
of the Administrative Agent) in connection with any plan of reorganization to the extent any such
plan of reorganization proposes to treat any Obligations held by such Affiliated Lender in a manner
that is less favorable in any material respect to such Affiliated Lender than the proposed
treatment of similar Obligations held by Lenders that are not Affiliates of the Borrower and (ii)
no Affiliated Lender (other than a Debt Fund Affiliate) may bring any action or make any claim
against any Agent hereunder.

(n) The Borrower shall maintain at its offices a copy of each Assignment and Assumption
delivered to it by any Affiliated Lender and each other notification from an Affiliated Lender
referred to below (the “Affiliated Lender Register”). Each Affiliated Lender shall advise the
Borrower and the Administrative in writing of (i) any proposed acquisition or disposition of Term
Loans by such Affiliated Lender, (ii) any prepayment of such Lender’s Term Loans pursuant to
Section 2.05(a)(v) and (iii) whether such Lender is a Debt Fund Affiliate. The Borrower shall
advise the Administrative Agent (in the same manner specified by Schedule 10.02 for
non-borrowing notices) in writing of any proposed assignment to any Affiliated Lender at least
three Business Days prior to the time such assignment is scheduled to occur unless the
Administrative Agent shall have been notified thereof by the Affiliated Lender. Additionally, if
any Lender becomes an Affiliated Lender at a time that such Lender holds any
Term Loans, such Lender shall promptly advise the Borrower and the Administrative Agent that
such Lender is an Affiliated Lender. Copies of the Affiliated Lender Register shall be provided to
the Administrative Agent and the Affiliated Lenders upon request. Notwithstanding the foregoing if

 

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at any
time (if  applicable, after giving effect to any proposed assignment to an Affiliated
Lender), all Affiliated Lenders (other than Debt Fund Affiliates) own or would, in the aggregate
own more than 20% of the principal amount of all then outstanding Term Loans (i) any proposed
pending assignment to an Affiliated Lender that is not a Debt Fund Affiliate that would cause such
threshold to be exceeded shall not become effective or be recorded in the Affiliated Lender
Register, (ii) in the event that an Affiliated Lender that is not a Debt Fund Affiliate has
acquired any Term Loans pursuant to an assignment which was not recorded in the Affiliated Lender
Register, the assignment of such Term Loans shall be null and void ab initio and (iii) if such
threshold is exceeded solely as a result of a Lender becoming an Affiliated Lender after it has
acquired Term Loans, such Affiliated Lender shall assign sufficient Term Loans so that Affiliated
Lenders that are not Debt Fund Affiliates in the aggregate own less than 20% of the aggregate
principal amount of Term Loans then outstanding. The Administrative Agent may conclusively rely
upon the Affiliated Lender Register in connection with any amendment or waiver hereunder and shall
not have any responsibility for monitoring any acquisition or disposition of Term Loans by any
Affiliated Lender or for any losses suffered by any Person as a result of any purported assignment
to or from an Affiliated Lender.

SECTION 10.08. Confidentiality. Each of the Agents and the Lenders agrees to maintain the confidentiality of the
Information and to not use or disclose such information, except that Information may be disclosed
(a) to its Affiliates and its and its Affiliates’ directors, officers, members, partners,
employees, trustees, investment advisors 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 Governmental Authority; (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) subject to an agreement containing provisions substantially the same as those of
this Section 10.08 (at least as restrictive than those in this Section 10.08 or as may otherwise be
reasonably acceptable to the Borrower), to any pledgee referred to in Section 10.07(g),
counterparty to a Swap Contract, Eligible Assignee of or Participant in, or any prospective
Eligible Assignee of or Participant in, any of its rights or obligations under this Agreement; (f)
with the written consent of the Borrower; (g) to the extent such Information becomes publicly
available other than as a result of a breach of this Section 10.08 by such Agent or Lender; (h) to
any Governmental Authority or examiner (including the National Association of Insurance
Commissioners or any other similar organization) regulating or purporting to regulate any Agent or
Lender; (i) on a confidential basis to any rating agency when requested by it; or (j) in connection
with the exercise of any remedies hereunder or under any other Loan Document or any action or
proceeding relating to this Agreement or any other Loan Document or the enforcement of rights
hereunder or thereunder. In addition, the Agents and the Lenders may disclose the existence of
this Agreement and information about this Agreement to market data collectors, similar service
providers to the lending industry, and service providers to the Agents and the Lenders in
connection with the administration and management of this Agreement, the other Loan Documents, the
Commitments, and the Credit Extensions. For the purposes of this Section 10.08, “Information”
means all information received from any Loan Party or its Affiliates or its Affiliates’ directors,
officers, employees, trustees, investment advisors or agents, relating to Holdings, the Borrower or
any of their subsidiaries or its business, other than any such information that is publicly
available to any Agent or any Lender prior to disclosure by any Loan Party other than as a result
of a breach of this Section 10.08; provided that, in the case of information received from a Loan
Party after the date hereof, such information is clearly identified at the time of delivery as
confidential or (ii) is delivered pursuant to Section 6.01, 6.02 or 6.03 hereof.

 

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SECTION 10.09. Setoff. In addition to any rights and remedies of the Lenders provided by Law, upon the occurrence
and during the continuance of any Event of Default, each Lender and
its Affiliates and each L/C Issuer and its Affiliates is authorized at any time and from time
to time, without prior notice to the Borrower or any other Loan Party, any such notice being waived
by the Borrower (on its own behalf and on behalf of each Loan Party and its Subsidiaries) to the
fullest extent permitted by applicable Law, to set off and apply any and all deposits (general or
special, time or demand, provisional or final) at any time held by, and other Indebtedness at any
time owing by, such Lender and its Affiliates or such L/C Issuer and its Affiliates, as the case
may be, to or for the credit or the account of the respective Loan Parties and their Subsidiaries
against any and all Obligations owing to such Lender and its Affiliates or such L/C Issuer and its
Affiliates hereunder or under any other Loan Document, now or hereafter existing, irrespective of
whether or not such Agent or such Lender or Affiliate shall have made demand under this Agreement
or any other Loan Document and although such Obligations may be contingent or unmatured or
denominated in a currency different from that of the applicable deposit or Indebtedness.
Notwithstanding anything to the contrary contained herein, no Lender or its Affiliates and no L/C
Issuer or its Affiliates shall have a right to set off and apply any deposits held or other
Indebtedness owing by such Lender or its Affiliates or such L/C Issuer or its Affiliates, as the
case may be, to or for the credit or the account of any Subsidiary of a Loan Party which is not a
“United States person” within the meaning of Section 7701(a)(30) of the Code unless such Subsidiary
is not a direct or indirect subsidiary of Holdings. Each Lender and L/C Issuer agrees promptly to
notify the Borrower and the Administrative Agent after any such set off and application made by
such Lender or L/C Issuer, as the case may be; provided, that the failure to give such notice shall
not affect the validity of such setoff and application. The rights of the Administrative Agent,
each Lender and each L/C Issuer under this Section 10.09 are in addition to other rights and
remedies (including other rights of setoff) that the Administrative Agent, such Lender and such L/C
Issuer may have. Notwithstanding anything to the contrary contained herein or in any other Loan
Document, each Lender expressly waives its right of setoff pursuant to this Section 10.09 or any
other provision of any Loan Document with respect to deposit accounts in which have been deposited
payments received under Medicare, Medicaid, TRICARE and other health care programs of the United
States or any state (including the District of Columbia) thereof and any agency or other
Governmental Authority thereof.

SECTION 10.10. Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid
or agreed to be paid under the Loan Documents shall not exceed the amount collectible at the
maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If any
Agent or any Lender shall receive interest in an amount that exceeds the amount collectible at the
Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds
such unpaid principal, refunded to the Borrower. In determining whether the interest contracted
for, charged, or received by an Agent or a Lender exceeds the amount collectible at the Maximum
Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that
is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary
prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or
unequal parts the total amount of interest throughout the contemplated term of the Obligations
hereunder.

SECTION 10.11. Counterparts. This Agreement and each other Loan Document may be executed in one or more counterparts,
each of which shall be deemed an original, but all of which together shall constitute one and the
same instrument. Delivery by telecopier of an executed counterpart of a signature page to this
Agreement and each other Loan Document shall be effective as delivery of an original executed
counterpart of this Agreement and such other Loan Document. The Agents may also require that any
such documents and signatures delivered by telecopier be confirmed by a manually signed original
thereof; provided that the failure to request or deliver the same shall not limit the effectiveness
of any document or signature delivered by telecopier.

SECTION 10.12. Integration. This Agreement, together with the other Loan Documents, comprises the complete and
integrated agreement of the parties on the subject matter hereof and
thereof and supersedes all prior agreements, written or oral, on such subject matter. In the
event of any conflict between the provisions of this Agreement and those of any other Loan
Document, the provisions of this Agreement shall control.

 

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SECTION 10.13. Survival of Representations and Warranties. All representations and warranties made hereunder and in any other Loan Document or other
document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive
the execution and delivery hereof and thereof, and shall continue in full force and effect as long
as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of
Credit shall remain outstanding.

SECTION 10.14. Severability. If any provision of this Agreement or the other Loan Documents is held to be illegal,
invalid or unenforceable, the legality, validity and enforceability of the remaining provisions of
this Agreement and the other Loan Documents shall not be affected or impaired thereby. The
invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction.

SECTION 10.15. GOVERNING LAW.

(a) THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT (UNLESS OTHERWISE EXPRESSLY PROVIDED THEREIN)
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

(b) ANY LEGAL ACTION OR PROCEEDING ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED
WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO
ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR
HEREAFTER ARISING, SHALL BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK
CITY, BOROUGH OF MANHATTAN, OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY
EXECUTION AND DELIVERY OF THIS AGREEMENT, THE BORROWER, HOLDINGS, EACH AGENT AND EACH LENDER
CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THOSE COURTS;
PROVIDED THAT NOTHING SET FORTH HEREIN SHALL LIMIT THE ADMINISTRATIVE AGENT’S RIGHT TO PURSUE
REMEDIES UNDER ANY OF THE LOAN DOCUMENTS IN ANY JURISDICTION IN WHICH ANY LOAN PARTY OR COLLATERAL
IS LOCATED. TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE BORROWER, HOLDINGS, EACH AGENT AND EACH
LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON
THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY
ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED
THERETO.

SECTION 10.16. WAIVER OF RIGHT TO TRIAL BY JURY. TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY
WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY
LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES
HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN
EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR
OTHERWISE;
AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF
ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY
FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 10.16 WITH ANY COURT AS WRITTEN EVIDENCE OF
THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

 

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SECTION 10.17. Binding Effect. This Agreement shall become effective when it shall have been executed by the Borrower and
Holdings and the Administrative Agent shall have been notified by each Lender, Swing Line Lender
and L/C Issuer that each such Lender, Swing Line Lender and L/C Issuer has executed it and
thereafter shall be binding upon and inure to the benefit of the Borrower, Holdings, each Agent and
each Lender and their respective successors and assigns.

SECTION 10.18. Lender Action. Each Lender agrees that it shall not take or institute any actions or proceedings, judicial
or otherwise, for any right or remedy against any Loan Party or any other obligor under any of the
Loan Documents or the Secured Hedge Agreements (including the exercise of any right of setoff,
rights on account of any banker’s lien or similar claim or other rights of self-help), or institute
any actions or proceedings, or otherwise commence any remedial procedures, with respect to any
Collateral or any other property of any such Loan Party, without the prior written consent of the
Administrative Agent. The provision of this Section 10.18 are for the sole benefit of the Lenders
and shall not afford any right to, or constitute a defense available to, any Loan Party.

SECTION 10.19. USA PATRIOT Act. Each Lender hereby notifies the Borrower that pursuant to the requirements of the USA
PATRIOT Act, it is required to obtain, verify and record information that identifies the Borrower
and the Guarantors, which information includes the name and address of the Borrower and the
Guarantors and other information that will allow such Lender to identify the Borrower and the
Guarantors in accordance with the USA PATRIOT Act.

SECTION 10.20. No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby, the Borrower
acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (i) the credit
facilities provided for hereunder and any related arranging or other services in connection
therewith (including in connection with any amendment, waiver or other modification hereof or of
any other Loan Document) are an arm’s-length commercial transaction between the Borrower and its
Affiliates, on the one hand, and the Administrative Agent, the Lenders and the Arrangers, on the
other hand, and the Borrower is capable of evaluating and understanding and understands and accepts
the terms, risks and conditions of the transactions contemplated hereby and by the other Loan
Documents (including any amendment, waiver or other modification hereof or thereof); (ii) in
connection with the process leading to such transaction, the Administrative Agent, each Lender and
each Arranger each is and has been acting solely as a principal and is not the financial advisor,
agent or fiduciary, for the Borrower or any of its Affiliates, stockholders, creditors or employees
or any other Person; (iii) none of the Administrative Agent, any Lender or any Arranger has assumed
or will assume an advisory, agency or fiduciary responsibility in favor of the Borrower with
respect to any of the transactions contemplated hereby or the process leading thereto, including
with respect to any amendment, waiver or other modification hereof or of any other Loan Document
(irrespective of whether the Administrative Agent, any Lender or any Arranger has advised or is
currently advising the Borrower or any of its Affiliates on other matters) and none of the
Administrative Agent, any Lender or any Arranger has any obligation to the Borrower or any of its
Affiliates with respect to the transactions contemplated hereby except those obligations expressly
set forth herein and in the other Loan Documents; (iv) the Administrative Agent, the Lenders and
the Arrangers and their respective Affiliates may be engaged in a broad range of transactions that
involve interests that differ from those of the Borrower and its Affiliates, and none of the
Administrative Agent, any Lender or any Arranger has any obligation to disclose any of such
interests by virtue of any advisory,
agency or fiduciary relationship; and (v) the Administrative Agent, the Lenders and the
Arrangers have not provided and will not provide any legal, accounting, regulatory or tax advice
with respect to any of the transactions contemplated hereby (including any amendment, waiver or
other modification hereof or of any other Loan Document) and the Borrower has consulted its own
legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate. The
Borrower hereby waives and releases, to the fullest extent permitted by law, any claims that it may
have against the Administrative Agent, the Lenders and the Arrangers with respect to any breach or
alleged breach of agency or fiduciary duty.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the date first above written.

	 	 	 	 	 
	 	IASIS HEALTHCARE LLC, as Borrower

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	IASIS HEALTHCARE CORPORATION,

as Holdings

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.,

as Administrative Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.,

as Swing Line Lender, L/C Issuer

and as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:

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