Document:

usdcc_8k-ex1001.htm

    
      Exhibit
10.1

       

      AMENDMENT
NO. 1

      TO

      MASTER
PURCHASE AGREEMENT

       

      This
Amendment No. 1 to Master Purchase Agreement (this "Amendment"),
dated as of February 14, 2008, amends
that certain Master Purchase Agreement (the "Agreement"),
dated as of August 30, 2007, by and among U.S. Dry Cleaning Corporation, a
Delaware corporation ("Parent"), USDC Fresno, Inc, a California corporation and
wholly owned subsidiary of Parent ("Fresno
Sub"), USDC Fresno 2, Inc, a California corporation and a wholly owned
subsidiary of Parent ("Fresno
2 Sub"), Team Enterprises, Inc., a New Mexico corporation ("Team
Enterprises"), Bell Hop Cleaners of California, Inc., a New Mexico corporation
("Bell Hop"), Team Equipment, Inc., a California corporation ("Team Equipment"),
Fabricare Services, Inc., a California corporation ("FSI"), Andrew B. Jones, as
Shareholders Agent and, solely for the purposes of ARTICLE III, ARTICLE IX,
AND ARTICLE X of this Agreement, the Shareholders (as defined
herein).

       

      WHEREAS,
Parent, Fresno Sub, Fresno 2 Sub, Team Enterprises, Bell Hop, Team Equipment,
FSI, the Company and Shareholders desire to amend the Agreement as more fully
described herein.

       

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

       

      1.           Defined
Terms. All capitalized terms used in this Amendment and not otherwise
defined herein shall have the meanings given to such terms in the
Agreement.

       

      2.           Amendment
to Section 2.2a(i) Purchase Price.  Section 2.2a(i) is hereby
modified in its entirety to read as follows:

       

      "fully
paid and nonassessable shares of Parent Common Stock (collectively, the "Team
Enterprises Shares") shall be equal to 2,044,667 of Parents Common
Stock.

       

      3.           Amendment
to Section 2.2a (iii) A, B and C Purchase Price. The Section 2.2a (iii) A, B,
and C is hereby deleted in its entirety.

       

      4.           Amendment
to Section 1.1
Defined
Terms. Section 1.1 is hereby modified to add the following defined term
"Senior Debt" which shall be defined as the debt defined in the following
documents 10% Senior Secured Private Placement Memorandum, Subscription
Agreement, Security Agreement and Note attached hereto as Exhibit
A.

       

      5.         
Amendment
to Section 2.2b Purchase Price Bell Hop.  Section 2.2b is
hereby modified in its entirety to read as follows:

       

      "Bell
Hop. Subject to the terms of this Agreement, as full consideration for
the sale, assignment, transfer and delivery of the Bell Hop Purchased Assets and
the execution and delivery of this Agreement and the transactions contemplated
hereby, Fresno Sub 2 shall deliver to Bell Hop at the Closing Seventy Six
Thousand Dollars ($76,000), payable by wire
transfer of immediately available funds, and Two Hundred Seventy Six Thousand
($276,000) in the Senior Debt (the "Bell
Hop Purchase Price"). The Bell Hop Purchase Price is subject to
adjustment in accordance with Section
2.3."

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      6.           Amendment
to Section 2.2c Purchase Price Team Equipment. Section 2.2c is hereby
modified in its entirety to read as follows:

       

      "Team
Equipment. Subject to the terms of this Agreement, as full consideration
for the sale, assignment, transfer and delivery of the Team Equipment Purchased
Assets and the execution and delivery of this Agreement and the transactions
contemplated hereby, Fresno Sub 2 shall deliver to Team Equipment at the Closing
Eighty Seven Thousand Dollars ($87,000), payable by wire transfer of immediately
available funds, and One Million One Hundred Ninety Six Thousand Dollars
($1,196,000) in the Senior Debt (the "Team
Equipment Purchase Price"). The Team Equipment Purchase Price is subject
to adjustment in accordance with Section
2.3."

       

      7.           Reimbursement
of Expenses. Parent shall reimburse Team Enterprises the sum of
$49,610.00 for those items paid for by Seller on behalf of Parent which are
listed on Exhibit B. Parent shall further reimburse Sellers for Seller's
attorneys' fees of $4000.00 which is Sellers' estimate of the additional
attorneys' feed incurred by Sellers in connection with the modifications
reflected by this Amendment. $50,000.00 of such reimbursement amounts shall be
payable at Closing by wire transfer of immediately available funds and the
remainder shall be reimbursed after Closing.

       

      Certain
reimbursement items will not be known as of Closing, and Parent and Seller shall
exert their best efforts to agree on the remaining reimbursement items as
promptly as possible after Closing but in no event later than 30 days after
closing. Such additional amounts shall be reimbursed within five days after
Parent and Sellers agree on such amounts. All reimbursement amounts shall be in
addition to the Purchase Price.

       

      8.         
Amendment
to Section 2.3 Purchase Price Team Equipment. Section 2.3 is hereby
modified in its entirety to read as follows:

       

      "(a) The
Team Enterprises Cash Amount shall be increased, dollar for dollar, by the
amount of the Additional Assets of Team Enterprises and paid subject to Section
2.3(b). The Bell Hop. Cash Amount shall be increased, dollar for dollar, by the
amount of the Additional Assets of Bell Hop and paid subject to Section 2.3(b).
The Team Equipment Cash Amount shall be increased, dollar for dollar, by the
amount of the Additional Assets of Team Equipment and paid subject to Section
2.3(b). The FSI Cash Amount shall be increased, dollar for dollar, by the amount
of the Additional Assets of FSI and paid subject to Section
2.3(b)."

      

      (b)    
No later than the day prior to Closing, the Sellers shall deliver to Parent a
draft
Closing Statement setting forth the Sellers' best estimate of the Additional
Assets as of the Closing Date. Sellers and Parent shall each exert their
reasonable best efforts to agree, within Thirty (30) days after the Closing
Date, upon a statement (a "Closing Statement") in form and substance reasonably
satisfactory to each
setting forth the Additional Assets as of the Closing Date. Parent shall pay
Seller in cash within 5 Business Days, by wire transfer of immediately available
funds, the amount due in the Closing Statement.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (c)           In
the event that the parties have not agreed upon the final Closing Statement
within such 30 day period, then Parent shall pay to Sellers the undisputed
portion thereof and the parties shall exercise their best efforts in good faith
to resolve any disputes over the remaining amounts as promptly as possible. In
the event that such amounts are not resolved within 60 days of the Closing, the
parties shall submit such dispute to arbitration in accordance with the
provisions of Section 9.3.

       

      (d)       In
the event that Parent fails to pay the Closing Statement amount (or the
undisputed portion thereof) within 35 days after Closing, then Bell Flop and
Team Equipment shall be entitled to declare the Senior Debt held by such parties
in default.

       

      9.            Amendment to Section 10.2
(a) Notices. Section 10.2 (a) is hereby modified in its entirety to read
as follows:

       

      "if to
Parent or the Acquirers, to:

       

      U.S. Dry
Cleaning Corporation

      4040
MacArthur Blvd

      Suite
305

       

      Newport
Beach, CA 92660

       

      Attention:Chief
Executive Officer

       

      Facsimile
No: (949) 863-9657

       

      with a
copy to (not notice):

       

      Greenberg
Traurig, LLP

      200 Park
Ave.

      NY, NY
10166

      Attention:
Spencer Feldman Facsimile No: (212) 805-9221"

       

      10.           Miscellaneous. Except
for the amendments expressly set forth in this Amendment, the Agreement shall
remain unchanged and in full force and effect. This Amendment shall be binding
upon and shall inure to the benefit of the parties hereto and their respective
successors and assigns. This Amendment shall be subject to all applicable
provisions of the Agreement including provisions relating to notices, governing
law, severability and section headings. Capitalized terms used herein and not
otherwise defined shall have the meanings set forth in the
Agreement.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       11.         
Counterparts.
This Amendment may he 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 agreement.

      

       12.         
Schedules.
Attached hereto are the final updated schedules to the Agreement.

      

      IN
WITNESS WHEREOF, Parent, the Acquirors, Team Enterprises, Bell Hop, Team
Equipment, FSI.and the Shareholders have executed and delivered this Agreement
or have caused this Agreement to be executed and delivered by their respective
officers thereunto duly authorized, all as of the date first written
above.

       

      
        	
                U.S.
      Dry Cleaning Corporation

                 

                 

                By:  /s/ Robert Y.
      Lee

                Name:  Robert
      Y. Lee

                Title:  CEO

              	
                USDC
      Fresno, Inc.

                 

                 

                By:  /s/ Robert Y.
      Lee

                Name:  Robert
      Y. Lee

                Title:
      President

              

      

      

      

      
        	
                USDC
      Fresno 2, Inc.

                 

                 

                By:  /s/ Robert Y.
      Lee

                Name:  Robert
      Y. Lee

                Title:
      President

              	
                Bell
      Hop Cleaners of California, Inc.

                 

                 

                By:  /s/ Thomas H.
      Jones

                Name:  Thomas
      H. Jones

                Title:  President

              

      

      

      
        	
                Team
      Enterprises, Inc.

                 

                 

                By:  /s/ Thomas H.
      Jones

                Name:  Thomas
      H. Jones

                Title:  President

              	
                Fabricare
      Services, Inc.

                 

                 

                By:  /s/ Thomas H.
      Jones

                Name:  Thomas
      H. Jones

                Title:  President

              

      

      

      

      Team
Equipment, Inc.

      

      By:  /s/ Thomas H. Jones

      Name:  Thomas
H. Jones

      Title:  President

      Contd.

       

      
 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        	
                Team
      Enterprises Shareholders

                 

                 

                
                  /s/
      Melinda J. Brooke

                

                Melinda
      J. Brooke, Trustee of The

                Melinda
      J. Hayes Revocable Trust

                U/D/T
      March 19, 1991

                 

                 

                /s/
      Frederic P. Jones, Jr.

                Frederic
      P. Jones, Jr.

                 

                /s/
      Frederic P. Jones

                Frederic
      P. Jones, Co-trustee of the

                Jones
      Family Trust

                 

                 

                /s/
      Mary S. Jones

                Mary
      s. Jones, Co-trustee of the Jones

                Family
      Trust

                 

                
                   

                  /s/
      Andrew B. Jones

                

                Andrew
      B. Jones

                 

                 

                
                   

                

                /s/
      Thomas H. Jones

                Thomas
      H. Jones, Trustee of the

                Thomas
      H. Jones and Shirley C. Jones

                Family
      Trust/Survivors Trust

                
                   

                   

                  /s/
      Gail J. Lohmann

                

                Gail
      J. Lohmann, trustee of The 2000

                Gail
      J. Lohmnan SWP Trust U/D/T

                September
      28, 2000

              	
                Bell
      Hop Shareholders

                 

                 

                /s/
      Melinda J. Brooke

                Melinda
      J. Brooke, Trustee of The

                Melinda
      J. Hayes Revocable Trust

                U/D/T
      March 19, 1991

                 

                 

                /s/
      Frederic P. Jones, Jr.

                Frederic
      P. Jones, Jr

                 

                
                  /s/
      Andrew B. Jones

                

                Andrew
      B. Jones

                 

                 

                 

                /s/
      Thomas H. Jones

                Thomas
      H. Jones, Trustee of the Thomas

                H.
      Jones and Shirley C. Jones Family

                Trust/Survivors
      Trust

                
                   

                  /s/
      Gail J. Lohmann

                

                Gail
      J. Lohmann, trustee of The 2000 Gail

                J.
      Lohman SWP Trust U/D/T September

                28,
      2000

              

      

       

       

       

      Contd.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                Team
      Equipment Shareholders

                 

                 

                 

                /s/
      Melinda J. Brooke

                Melinda
      J. Brooke, Trustee of The

                Melinda
      J. Hayes Revocable Trust

                U/D/T
      March 19, 1991

                 

                 

                /s/
      Frederic P. Jones, Jr.

                Frederic
      P. Jones, Jr.

                 

                 

                /s/
      Andrew B. Jones

                Andrew
      B. Jones

                 

                 

                 

                /s/ Thomas H. Jones

                Thomas
      H. Jones, Trustee of the

                Thomas
      H. Jones and Shirley C. Jones

                Family
      Trust/Survivors Trust

                 

                 

                /s/
      Gail J. Lohmann

                Gail
      J. Lohmann, trustee of The 2000

                Gail
      J. Lohmann SP Trust U/D/T

                September
      28, 2000

              	
                FSI
      Shareholders

                 

                 

                 

                /s/
      Melinda J. Brooke

                Melinda
      J. Brooke, Trustee of The

                Melinda
      J. Hayes Revocable Trust

                U/D/T
      March 19, 1991

                 

                 

                /s/
      Frederic P. Jones, Jr.

                Frederic
      P. Jones, Jr.

                 

                 

                /s/
      Andrew B. Jones

                Andrew
      B. Jones

                 

                 

                 

                /s/
      Thomas H. Jones

                Thomas
      H. Jones, Trustee of the

                Thomas
      H. Jones and Shirley C. Jones

                Family
      Trust/Survivors Trust

                 

                 

                /s/
      Gail J. Lohmann

                Gail
      J. Lohmann, trustee of The 2000 Gail

                J.
      Lohmann SP Trust U/D/T

                September
      28, 2000exhibit106.htm

     

     

     

    

    
      	
               

              AMENDED
      AND RESTATED CREDIT AGREEMENT

               

              dated
      as of

               

               

              November
      29, 2007

               

               

              among

               

               

              YUM!
      BRANDS, INC.,

               

               

              Subsidiaries
      of Yum! Brands, Inc. Party Hereto,

               

               

              The
      Lenders Party Hereto

               

              and

               

              JPMORGAN
      CHASE BANK, N.A.,

              as
      Administrative Agent

               

              __________________________________________________________

               

              CITIBANK,
      N.A.,

              as
      Syndication Agent

               

               

              J.P.
      MORGAN SECURITIES INC. and CITIGROUP GLOBAL MARKETS INC.,

              as
      Lead Arrangers and Bookrunners

               

               

              HSBC
      BANK USA, N.A., THE ROYAL BANK OF SCOTLAND PLC, and

              WACHOVIA
      BANK, NATIONAL ASSOCIATION

              as
      Documentation Agents

            

    

    [CS&M
Ref. No. 6701-745]

     

     

     

    

    
      
        
          
            

            

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    TABLE OF
CONTENTS

     

    
      	 
      	 
      	
              Page

            
	 
      	 
      	 
      
	
              ARTICLE
      I

            
	 
      	 
      	 
      
	
              Definitions

            
	 
      	 
      	 
      
	
              SECTION
      1.01.

            	
              Defined
      Terms

            	
              1

            
	
              SECTION
      1.02.

            	
              Classification
      of Loans and Borrowings

            	
              28

            
	
              SECTION
      1.03.

            	
              Terms
      Generally

            	
              28

            
	
              SECTION
      1.04.

            	
              Accounting
      Terms; GAAP

            	
              29

            
	
              SECTION
      1.05.

            	
              Currency
      Translation

            	
              29

            
	 
      	 
      	 
      
	
              ARTICLE
      II

            
	 
      	 
      	 
      
	
              The
      Credits

            
	 
      	 
      	 
      
	
              SECTION
      2.01.

            	
              Commitments

            	
              29

            
	
              SECTION
      2.02.

            	
              Loans
      and Borrowings

            	
              30

            
	
              SECTION
      2.03.

            	
              Requests
      for Revolving Borrowings

            	
              31

            
	
              SECTION
      2.04.

            	
              Competitive
      Bid Procedure

            	
              32

            
	
              SECTION
      2.05.

            	
              Swingline
      Loans

            	
              35

            
	
              SECTION
      2.06.

            	
              Letters
      of Credit

            	
              37

            
	
              SECTION
      2.07.

            	
              Funding
      of Borrowings

            	
              43

            
	
              SECTION
      2.08.

            	
              Interest
      Elections

            	
              44

            
	
              SECTION
      2.09.

            	
              Termination,
      Reduction and Extension of Commitments

            	
              45

            
	
              SECTION
      2.10.

            	
              Repayment
      of Loans; Evidence of Debt

            	
              47

            
	
              SECTION
      2.11.

            	
              Prepayment
      of Loans

            	
              48

            
	
              SECTION
      2.12.

            	
              Fees

            	
              49

            
	
              SECTION
      2.13.

            	
              Interest

            	
              51

            
	
              SECTION
      2.14.

            	
              Alternate
      Rate of Interest

            	
              52

            
	
              SECTION
      2.15.

            	
              Increased
      Costs

            	
              53

            
	
              SECTION
      2.16.

            	
              Break
      Funding Payments

            	
              54

            
	
              SECTION
      2.17.

            	
              Taxes

            	
              55

            
	
              SECTION
      2.18.

            	
              Payments
      Generally; Pro Rata Treatment; Sharing of Set-offs

            	
              56

            
	
              SECTION
      2.19.

            	
              Mitigation
      Obligations; Replacement of Lenders

            	
              58

            
	
              SECTION
      2.20.

            	
              Increased
      in Commitments

            	
              59

            
	
              SECTION
      2.21.

            	
              Subsidiary
      Borrowers

            	
              60

            
	 
      	 
      	 
      
	
              ARTICLE
      III

            
	 
      	 
      	 
      
	
              Representations
      and Warranties

            

    

    

    

    
      
        
          
            

            

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2

    

    

    

    
      	
              SECTION
      3.01.

            	
              Organization;
      Powers

            	
              61

            
	
              SECTION
      3.02.

            	
              Authorization;
      Enforceability

            	
              61

            
	
              SECTION
      3.03.

            	
              Governmental
      Approvals; No Conflicts

            	
              62

            
	
              SECTION
      3.04.

            	
              Financial
      Condition; No Material Adverse Change

            	
              62

            
	
              SECTION
      3.05.

            	
              Properties

            	
              62

            
	
              SECTION
      3.06.

            	
              Litigation
      and Environmental Matters

            	
              63

            
	
              SECTION
      3.07.

            	
              Compliance
      with Laws and Agreements

            	
              63

            
	
              SECTION
      3.08.

            	
              Investment
      Company Status

            	
              63

            
	
              SECTION
      3.09.

            	
              Taxes

            	
              63

            
	
              SECTION
      3.10.

            	
              ERISA

            	
              63

            
	
              SECTION
      3.11.

            	
              Disclosure

            	
              64

            
	
              SECTION
      3.12.

            	
              Initial
      Guarantors

            	
              64

            
	 
      	 
      	 
      
	
              ARTICLE
      IV

            
	 
      	 
      	 
      
	
              Conditions

            
	 
      	 
      	 
      
	
              SECTION
      4.01.

            	
              Effective
      Date

            	
              64

            
	
              SECTION
      4.02.

            	
              Each
      Credit Event

            	
              66

            
	
              SECTION
      4.03.

            	
              Borrowings
      by Subsidiary Borrowers; Letters of Credit for Subsidiary
      Borrowers

            	
              66

            
	 
      	 
      	 
      
	
              ARTICLE
      V

            
	 
      	 
      	 
      
	
              Affirmative
      Covenants

            
	 
      	 
      	 
      
	
              SECTION
      5.01.

            	
              Financial
      Statements and Other Information

            	
              67

            
	
              SECTION
      5.02.

            	
              Notices
      of Material Events

            	
              69

            
	
              SECTION
      5.03.

            	
              Existence;
      Conduct of Business

            	
              69

            
	
              SECTION
      5.04.

            	
              Payment
      of Obligations

            	
              69

            
	
              SECTION
      5.05.

            	
              Maintenance
      of Properties; Insurance

            	
              70

            
	
              SECTION
      5.06.

            	
              Books
      and Records; Inspection Rights

            	
              70

            
	
              SECTION
      5.07.

            	
              Compliance
      with Laws

            	
              70

            
	
              SECTION
      5.08.

            	
              Use
      of Proceeds

            	
              70

            
	
              SECTION
      5.09.

            	
              Principal
      Domestic Subsidiaries

            	
              70

            
	 
      	 
      	 
      
	
              ARTICLE
      VI

            
	 
      	 
      	 
      
	
              Negative
      Covenants

            
	 
      	 
      	 
      
	
              SECTION
      6.01.

            	
              Subsidiary
      Indebtedness

            	
              71

            
	
              SECTION
      6.02.

            	
              Liens

            	
              71

            
	
              SECTION
      6.03.

            	
              Fundamental
      Changes

            	
              72

            
	
              SECTION
      6.04.

            	
              [Intentionally
      omitted.]

            	
              73

            
	
              SECTION
      6.05.

            	
              Hedging
      Agreements

            	
              73

            

    

    

    
      
        
          
            

            

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3

    

    

    

    
      	
              SECTION
      6.06.

            	
              [Intentionally
      omitted.]

            	
              73

            
	
              SECTION
      6.07.

            	
              Transactions
      with Affiliates

            	
              73

            
	
              SECTION
      6.08.

            	
              Issuances
      of Equity Interests by Principal Domestic Subsidiaries

            	
              73

            
	
              SECTION
      6.09.

            	
              Leverage
      Ratio

            	
              74

            
	
              SECTION
      6.10.

            	
              Fixed
      Charge Coverage Ratio

            	
              74

            
	
              SECTION
      6.11.

            	
              Sale
      and Lease-Back Transactions

            	
              74

            
	
              SECTION
      6.12.

            	
              Ownership
      of Subsidiary Borrowers

            	
              74

            
	 
      	 
      	 
      
	
              ARTICLE
      VII

            
	 
      	 
      	 
      
	
              Events
      of Default

            
	 
      	 
      	 
      
	
              SECTION
      7.01.

            	
              Events
      of Default

            	
              74

            
	
              SECTION
      7.02.

            	
              Exclusion
      of Immaterial Subsidiaries

            	
              77

            
	 
      	 
      	 
      
	
              ARTICLE
      VIII

            
	 
      	 
      	 
      
	
              The
      Agents

            
	 
      	 
      	 
      
	
              ARTICLE
      IX

            
	 
      	 
      	 
      
	
              Miscellaneous

            
	 
      	 
      	 
      
	
              SECTION
      9.01.

            	
              Notices

            	
              80

            
	
              SECTION
      9.02.

            	
              Waivers;
      Amendments

            	
              81

            
	
              SECTION
      9.03.

            	
              Expenses;
      Indemnity; Damage Waiver

            	
              83

            
	
              SECTION
      9.04.

            	
              Successors
      and Assigns

            	
              84

            
	
              SECTION
      9.05.

            	
              Survival

            	
              88

            
	
              SECTION
      9.06.

            	
              Counterparts;
      Integration; Effectiveness

            	
              88

            
	
              SECTION
      9.07.

            	
              Severability

            	
              89

            
	
              SECTION
      9.08.

            	
              Right
      of Setoff

            	
              89

            
	
              SECTION
      9.09.

            	
              Governing
      Law; Jurisdiction; Consent to Service of Process

            	
              89

            
	
              SECTION
      9.10.

            	
              WAIVER
      OF JURY TRIAL

            	
              90

            
	
              SECTION
      9.11.

            	
              Headings

            	
              90

            
	
              SECTION
      9.12.

            	
              Confidentiality

            	
              90

            
	
              SECTION
      9.13.

            	
              Interest
      Rate Limitation

            	
              91

            
	
              SECTION
      9.14.

            	
              Judgment
      Currency

            	
              91

            
	
              SECTION
      9.15.

            	
              Existing
      Credit Agreement; Effectiveness of Amendment and
    Restatement

            	
              92

            
	
              SECTION
      9.16.

            	
              USA
      Patriot Act

            	
              92

            

    

    

     

    SCHEDULES:

     

    Schedule
A – Initial Guarantors

    Schedule
2.01 – Commitments

     

    

    
      
        
          
            

            

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4

    

    

    Schedule
2.06 -- Existing Letters of Credit

    Schedule
2.15 -- Mandatory Cost

    Schedule
2.17 -- PTR Scheme

    Schedule
3.06 -- Disclosed Matters

    Schedule
3.11 -- Disclosure

    Schedule
6.01 -- Existing Indebtedness

    Schedule
6.02 -- Existing Liens

     

    EXHIBITS:

     

    Exhibit A
-- Form of Assignment and Assumption Agreement

    Exhibit B
-- Form of Guarantee Agreement

    Exhibit
C-1 -- Form of Opinion of Mayer Brown LLP

    Exhibit
C-2 -- Form of Opinion of R. Scott Toop, Esq.

    Exhibit D
-- Form of Election to Participate

    Exhibit E
-- Form of Election to Terminate

     

    

    
      
        
          
            

            

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    AMENDED
AND RESTATED CREDIT AGREEMENT dated as of November 29, 2007, among YUM! BRANDS,
INC., the Subsidiaries of Yum! Brands, Inc. party hereto, the LENDERS party
hereto and, JPMORGAN CHASE BANK, N.A., as Administrative Agent.

     

    WHEREAS,
the Company has requested, and the Lenders and the Administrative Agent have
agreed, upon the terms and subject to the conditions set forth herein, that the
Existing Credit Agreement be amended and restated in its entirety as provided
herein effective upon satisfaction of the conditions set forth in Section 4.01
below;

     

    NOW,
THEREFORE, the Borrowers, each of the Lenders and the Administrative Agent
hereby agree as follows:

     

     

    ARTICLE
I

     

    Definitions

     

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

     

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

     

    
      “Acquired Business” means
any Person, property, business or asset acquired (or, as applicable, proposed to
be acquired) by the Company or a Subsidiary pursuant to a Permitted
Acquisition.

       

    

     

    “Act” has the meaning assigned to such term in Section 9.16.

     

    “Adjusted
EBITDA” means, for any period, the Consolidated EBITDA of the Company for
such period, adjusted (a) to include (to the extent not otherwise included) the
Consolidated EBITDA of any Acquired Business acquired during such period (and,
solely for purposes of determining whether a proposed acquisition is a Permitted
Acquisition pursuant to clause (d) of the definition of the term Permitted
Acquisition, any Acquired Business that, at the time of calculation of Adjusted
EBITDA for such purpose, has been acquired subsequent to the end of such period
and prior to such time as well as that proposed to be acquired) pursuant to a
Permitted Acquisition and not subsequently sold, transferred or otherwise
disposed of during such period (or, solely for purposes of determining whether a
proposed acquisition is a Permitted Acquisition, subsequent to the end of such
period and prior to such time), based on the actual Consolidated EBITDA of such
Acquired Business for such period (including the portion thereof attributable to
such period prior to the date of acquisition of such Acquired Business) and (b)
to exclude the Consolidated EBITDA of any Sold Business

    

    
      
        
          
            

            

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2

    

    

    sold,
transferred or otherwise disposed of during such period (and, solely for
purposes of determining whether a proposed acquisition is a Permitted
Acquisition pursuant to clause (d) of the definition of the term Permitted
Acquisition, any Sold Business that, at the time of calculation of Adjusted
EBITDA for such purpose, has been sold, transferred or otherwise disposed of
subsequent to the end of such period and prior to such time), based on the
actual Consolidated EBITDA of such Sold Business for such period (including the
portion thereof attributable to such period prior to the date of sale, transfer
or disposition of such Sold Business).  For purposes of calculating
Adjusted EBITDA for any period, the portion of the Consolidated EBITDA of any
Acquired Business that is to be included in Adjusted EBITDA for such period that
is attributable to the period prior to the date of acquisition of such Acquired
Business shall be determined as though all net income of such Acquired Business
for such period was distributed to the holders of the
Equity Interests of such Acquired Business ratably.

     

    “Adjusted
EURIBO Rate” means, with respect to any EURIBOR Borrowing for any
Interest Period, an interest rate per annum (rounded upwards, if necessary, to
the next 1/100 of 1%) equal to the sum of (a) the EURIBO Rate for such Interest
Period and (b) the Mandatory Cost.

     

    “Adjusted
LIBO Rate” means (a) with respect to any LIBOR Borrowing denominated in
U.S. Dollars for any Interest Period, an interest rate per annum (rounded
upwards, if necessary, to the next 1/100 of 1%) equal to the product of (i) the
LIBO Rate for U.S. Dollars for such Interest Period multiplied by (ii) the
Statutory Reserve Rate and (b) with respect to any LIBOR Borrowing denominated
in Sterling for any Interest Period, an interest rate per annum (rounded
upwards, if necessary, to the next 1/100 of 1%) equal to the sum of (x) the LIBO
Rate for such currency and such Interest Period plus (y) the Mandatory
Cost.

     

    “Administrative Agent” means JPMorgan Chase Bank, N.A., in
its capacity as administrative agent for the Lenders hereunder.

     

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

     

    “Affiliate”
means, with respect to a specified Person, another Person that directly, or
indirectly through one or more intermediaries, Controls or is Controlled by or
is under common Control with the Person specified.

     

    “Agents”
means the Administrative Agent and the London Administrative Agent.

     

    “Alternate
Base Rate” means, for any day, a rate per annum equal to the greater of
(a) the Prime Rate in effect on such day and (b) the Federal Funds Effective
Rate in effect on such day plus 1⁄2 of 1%.  Any change in the Alternate
Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate
shall be effective from and including the effective date of such change in the Prime Rate or the Federal Funds Effective Rate,
respectively.

     

    

    
      
        
          
            

            

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3

    

    

    “Alternative
Currency” means any currency other than U.S. Dollars which is freely
transferable and convertible into U.S. Dollars.

     

    “Alternative
Currency Borrowing” means a Borrowing comprised of Alternative Currency
Loans.

     

    “Alternative
Currency Equivalent” means, with respect to an amount in U.S. Dollars on
any date in relation to a specified Alternative Currency, the amount of such
specified Alternative Currency that may be purchased with such amount of U.S.
Dollars at the Exchange Rate with respect to such Alternative Currency on such
date.

     

    “Alternative
Currency Loan” means any Loan denominated in an Alternative
Currency.

     

    “Applicable
Percentage” means, with respect to any Lender of any Class, the
percentage of the total Commitments of such Class represented by such Lender’s
Commitment of such Class.  If the Commitments of any Class have
terminated or expired, the Applicable Percentages for such Class shall be
determined based upon the Commitments most recently in effect, giving effect to
any assignments.

     

    “Applicable
Rate” means, for any day, with respect to any ABR Loan, LIBOR Revolving
Loan or EURIBOR Revolving Loan, or with respect to the facility fees or
utilization fees payable hereunder, as the case may be,
the applicable rate per annum set forth below under the caption “ABR Spread”,
“LIBOR/EURIBOR Spread”, “Facility Fee Rate” or “Utilization Fee Rate”, as the
case may be, as determined in the manner set forth below based upon the ratings
by Moody’s and S&P, respectively, applicable on such date to the Index
Debt.

     

    
      	
              Category

            	
              Index
      Debt Ratings

            	
              Facility
      Fee Rate

               (basis
      points)

            	
              LIBOR
      /EURIBOR Spread

              (basis
      points)

            	
              ABR
      Spread

              (basis
      points)

            	
               

              Utilization
      Fee Rate

              (basis
      points)

            
	
              1

            	
              A3
      / A-

            	
              6.0

            	
              19.0

            	
              0

            	
              5.0

            
	
              2

            	
              Baa1
      / BBB+

            	
              8.0

            	
              27.0

            	
              0

            	
              5.0

            
	
              3

            	
              Baa2
      / BBB

            	
              10.0

            	
              35.0

            	
              0

            	
              5.0

            
	
              4

            	
              Baa3
      / BBB-

            	
              12.5

            	
              42.5

            	
              0

            	
              10.0

            
	
              5

            	
              Ba1
      / BB+

            	
              15.0

            	
              60.0

            	
              0

            	
              12.5

            
	
              6

            	
              <
      Ba1 / BB+

            	
              25.0

            	
              75.0

            	
              0

            	
              25.0

            

    

     

    For
purposes of the foregoing, (i) if neither Moody’s nor S&P shall have in
effect a rating for the Index Debt (other than by reason of the circumstances
referred to in the last sentence of this paragraph), then the Applicable Rate
shall be as set forth in Category 6; (ii) if Moody’s or S&P (but not both)
shall have in effect a rating for the Index Debt, then the Applicable Rate shall
be based on the rating of the Index Debt by the applicable rating agency; (iii)
if both Moody’s and S&P have in effect ratings for the Index Debt and the
ratings established by Moody’s and S&P for the Index Debt shall fall within
different Categories, the Applicable Rate shall be based on the Category
numerically lower (i.e., more favorable to the Borrowers) of the two ratings
unless one of the two ratings is two or more Categories numerically lower (i.e.,
more favorable to the

     

    
      
        
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        4

      

    

     

    Borrowers)
than the other, in which case the Applicable Rate shall be determined by
reference to the Category one numerically higher (i.e., less favorable to the
Borrowers) than the Category numerically lower (i.e., more favorable to the
Borrowers) of the two ratings; and (iv) if the ratings established by Moody’s or
S&P for the Index Debt shall be changed (other than as a result of a change
in the rating system of Moody’s or S&P) (or if either such rating agency
that has not been rating the Index Debt establishes a rating therefor), such
change (or new rating) shall be effective as of the date on which it is first
announced by the applicable rating agency, irrespective of when notice of such
change (or new rating) shall have been furnished by the Company to the
Administrative Agent and the Lenders pursuant to Section 5.01 or
otherwise.  Each change (or new rating) in the Applicable Rate shall
apply during the period commencing on the effective date of such change (or new
rating) and ending on the date immediately preceding the effective date of the
next such change (or new rating).  If Moody’s or S&P is rating the
Index Debt and its rating system shall change, or if only one such rating agency
is rating the Index Debt and it shall cease to be in the business of rating
corporate debt obligations, the Company and the Lenders shall negotiate in good
faith to amend this definition to reflect such changed rating system or the
unavailability of ratings from such rating agency and, pending the effectiveness
of any such amendment, the Applicable Rate shall be determined by reference to
the rating most recently in effect prior to such change or
cessation.

     

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

     

    “Arrangers”
means J.P. Morgan Securities Inc. and Citigroup Global Markets Inc., in their
capacities as arrangers hereunder.

     

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

     

    “Augmenting
Lender” has the meaning set forth in Section 2.20.

     

    “Availability
Period” means, in respect of any Class of Commitments, the period from
and including the Effective Date to but excluding the earlier of the Maturity
Date and the date of termination of the Commitments of such Class.

     

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

     

    “Borrowers”
means the Company and the Subsidiary Borrowers.

     

    “Borrowing”
means (a) Revolving Loans made to the same Borrower and of the same Class and
Type, made, converted or continued on the same date and, in the case of LIBOR
Loans or EURIBOR Loans, as to which a single Interest Period is in effect, (b) a
Competitive Loan or group of Competitive Loans made to the same Borrower and of
the same Type made on the same date and as to which a single Interest Period is
in effect or (c) a Swingline Loan.

     

    

    
      
        
          
            

            

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5

    

    

    “Borrowing
Minimum” means (a) in the case of a Borrowing denominated in U.S.
Dollars, US$10,000,000, (b) in the case of a Borrowing denominated in Sterling,
£3,500,000 and (c) in the case of a Borrowing denominated in Euros,
€5,000,000.

     

    “Borrowing
Multiple” means (a) in the case of a Borrowing denominated in U.S.
Dollars, US$1,000,000, (b) in the case of a Borrowing denominated in Sterling,
£1,000,000 and (c) in the case of a Borrowing denominated in Euros,
€1,000,000.

     

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

     

    “Business
Day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to remain
closed; provided
that (a) when used in connection with a LIBOR Loan in any currency , the term
“Business
Day” shall also exclude any day on which banks are not open for dealings
in deposits in such currency in the London interbank market and (b) when used in
connection with any EURIBOR Loan, the term “Business Day” shall also exclude any
day on which TARGET is not open for the settlement of payments in
Euro.

     

    “Capital
Expenditures” means, for any period, (a) the additions to property, plant
and equipment and other capital expenditures of the Company and its Included
Subsidiaries that are (or would be) set forth in a consolidated statement of
cash flows of the Company for such period prepared in accordance with GAAP
(except for the exclusion of Excluded Subsidiaries) and (b) Capital Lease
Obligations incurred by the Company and its Included Subsidiaries during such
period; provided that consideration paid for Permitted Acquisitions shall not be
construed to constitute Capital Expenditures.

     

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

     

    “Change
in Control” means (a) the acquisition of ownership, directly or
indirectly, beneficially or of record, by any Person or group (within the
meaning of the Securities Exchange Act of 1934 and the rules of the Securities
and Exchange Commission thereunder as in effect on the date hereof), of Equity
Interests representing more than 30% of the aggregate ordinary voting power
represented by the issued and outstanding Equity Interests of the Company; (b)
occupation of a majority of the seats (other than vacant seats) on the board of
directors of the Company by Persons who were neither (i) nominated by the board
of directors of the Company nor (ii) appointed by directors so nominated; or (c)
the acquisition of direct or indirect Control of the Company by any Person or
group.

     

    

    
      
        
          
            

            

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6

    

    

    “Change
in Law” means (a) the adoption of any law, rule or regulation after the
date of this Agreement, (b) any change in any law, rule or regulation or in the
interpretation or application thereof by any Governmental Authority after the
date of this Agreement or (c) compliance by any Lender or any Issuing Bank (or,
for purposes of Section 2.15(b), by any lending office of such Lender or by such
Lender’s or such Issuing Bank’s holding company, if any) with any request,
guideline or directive (whether or not having the force of law) of any
Governmental Authority made or issued after the date of this Agreement that
would be complied with by similarly situated banks acting
reasonably.

     

    “Class”
means, when used in reference to (a) any Loan or Borrowing, refers to whether
such Loan, or the Loans comprising such Borrowing, are Tranche A Revolving
Loans, Tranche B Revolving Loans, Competitive Loans or Swingline Loans, (b) any
Commitment, refers to whether such Commitment is a Tranche A Commitment or a
Tranche B Commitment, (c) any Competitive Loan, refers to whether such
Competitive Loan is a Tranche A Competitive Loan or  Tranche B
Competitive Loan, (d) any Swingline Loan, refers to whether such Swingline Loan
is a Tranche A Swingline Loan or  Tranche B Swingline Loan and (e) any
Letter of Credit, refers to whether such Letter of Credit is a Tranche A Letter
of Credit or Tranche B Letter of Credit.

     

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

     

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

     

    “Committed
Alternative Currencies” means Euro and Sterling.

     

    “Commitments”
means the Tranche A Commitments and the Tranche B Commitments.  The
aggregate amount of the Commitments as of the Effective Date is
US$1,150,000,000.

     

    “Commitment
Increase” has the meaning set forth in Section 2.20.

     

    “Company”
means Yum! Brands, Inc., a North Carolina corporation.

     

    “Competitive
Bid” means an offer by a Lender to make a Competitive Loan in accordance
with Section 2.04.

     

    “Competitive
Bid Rate” means, with respect to any Competitive Bid, the Margin or the
Fixed Rate, as applicable, offered by the Lender making such Competitive
Bid.

     

    “Competitive
Bid Request” means a request by a Borrower for Competitive Bids in
accordance with Section 2.04.

     

    “Competitive
Loan” means a Tranche A Competitive Loan or a Tranche B Competitive
Loan.

     

    

    
      
        
          
            

            

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7

      

    

    

    “Consenting
Lender” has the meaning set forth in Section 2.09(d).

     

    “Consolidated
EBITDA” means, for any Person for any period, Consolidated Net Income of
such Person for such period, plus, without duplication and to the extent
deducted from revenues in determining such Consolidated Net Income, the sum of
(a) the aggregate amount of Consolidated Interest Expense of such Person for
such period, (b) the aggregate amount of income tax expense of such Person for
such period, (c) all amounts attributable to depreciation and amortization of
such Person for such period, (d) all non-cash charges and non-cash losses of
such Person during such period and (e) all losses from the sale of assets
outside the ordinary course of business of such Person during such period and
minus, without duplication and to the extent added to revenues in determining
such Consolidated Net Income for such period, all gains from the sale of assets
outside the ordinary course of business of such Person during such period, all
as determined on a consolidated basis with respect to such Person and its
subsidiaries in accordance with GAAP (except, in the case of the Company, for
the exclusion of Excluded Subsidiaries).  Unless the context otherwise
requires, references to “Consolidated EBITDA” are to Consolidated EBITDA of the
Company and the Included Subsidiaries.

     

    “Consolidated
EBITDAR” means, for any Person for any period, the sum of Consolidated
EBITDA of such Person for such period and Rental Expense of such Person for such
period.  Unless the context otherwise requires, references to
“Consolidated EBITDAR” are to Consolidated EBITDAR of the Company and the
Included Subsidiaries.

     

    “Consolidated
Indebtedness” means, as of any date of determination, without duplication
(a) the aggregate principal amount of Indebtedness of the Company and the
Included Subsidiaries outstanding as of such date (including Indebtedness of
Excluded Subsidiaries to the extent Guaranteed by the Company or any Included
Subsidiary), plus (b) the Securitization Amount as of such date, minus (c) the
aggregate amount of cash and Permitted Investments (other than any cash and
Permitted Investments that are subject to a Lien) owned by the Company and the
Included Subsidiaries as of such date, determined on a consolidated basis in
accordance with GAAP (except for the exclusion of Excluded Subsidiaries); provided
that, for purposes of this definition, the term “Indebtedness” shall exclude
obligations as an account party in respect of letters of credit to the extent
that such letters of credit have not been drawn upon.

     

    “Consolidated
Interest Expense” means, for any Person for any period, the interest
expense, both expensed and capitalized (including the interest component in
respect of Capital Lease Obligations), accrued or paid by such Person during
such period, determined on a consolidated basis with respect to such Person and
its Subsidiaries in accordance with GAAP (except, in the case of the Company,
for the exclusion of Excluded Subsidiaries); provided that interest expense of
an Excluded Subsidiary shall be deemed to be interest expense of the Company to
the extent such interest expense relates to Indebtedness to the extent
Guaranteed by the Company or an Included Subsidiary.

     

    

    
      
        
          
            

            

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8

    

    

    Unless
the context otherwise requires, references to “Consolidated Interest Expense”
are to Consolidated Interest Expense of the Company and the Included
Subsidiaries.

     

    “Consolidated
Net Income” means, for any Person for any period, net income or loss of
such Person for such period determined on a consolidated basis with respect to
such Person and its subsidiaries in accordance with GAAP; provided that, in the
case of the Company, there shall be excluded (a) the income of any Person (other
than a Foreign Subsidiary) in which any other Person (other than the Company or
any Domestic Subsidiary or any director holding qualifying shares in compliance
with applicable law) has a joint interest, except to the extent of the
Attributable Income (as defined below) of such Person, (b) the income of any
Excluded Subsidiary, except to the extent of the amount of dividends or other
distributions (including distributions made as a return of capital or repayment
of principal of advances) actually paid to the Company or any Included
Subsidiaries by such Excluded Subsidiary during such period and (c) the income
(or loss) of any Person accrued prior to the date it becomes a Subsidiary or is
merged into or consolidated with the Company or any of the Subsidiaries or the
date such Person’s assets are acquired by the Company or any of the
Subsidiaries.  Unless the context otherwise requires, references to
“Consolidated Net Income” are to Consolidated Net Income of the Company and the
Included Subsidiaries.  For purposes hereof, “Attributable Income”
means, for any period, (i) in the case of any Domestic Subsidiary at least 90%
of the Equity Interests in which are owned (directly or indirectly) by the
Company, a portion of the net income of such Subsidiary for such period equal to
the Company’s direct or indirect ownership percentage of the Equity Interests of
such Subsidiary or (ii) in the case of any Domestic Subsidiary less than 90% of
the Equity Interests in which are owned (directly or indirectly) by the Company,
the  amount of dividends or other distributions (including
distributions made as a return of capital or repayment of principal of advances)
actually paid by such Subsidiary to the Company or a wholly owned Domestic
Subsidiary.

     

    “Consolidated
Net Tangible Assets” means, with respect to the Company as of any date,
the total amount of assets (less applicable valuation allowances) after
deducting (a) all current liabilities (excluding (i) the amount of liabilities
which are by their terms extendable or renewable at the option of the obligor to
a date more than 12 months after the date as of which the amount is being
determined, (ii) the current portion of long-term Indebtedness and (iii) Loans
outstanding hereunder) and (b) all goodwill, tradenames, trademarks, patents,
unamortized debt discount and expense and other like intangible assets, all as
set forth on the most recent balance sheet of the Company and its consolidated
Subsidiaries included in financial statements of the Company delivered to the
Administrative Agent on or prior to such date of determination pursuant to
clause (a) or (b) of Section 5.01 and determined on a consolidated basis in
accordance with GAAP.

     

    “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.

     

    

    
      
        
          
            

            

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9

    

    

    “Declining
Lender” has the meaning set forth in Section 2.09(d).

     

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

     

    “Denomination
Date” means, in relation to any Alternative Currency Borrowing, the date
that is three Business Days before the date such Borrowing is made.

     

    “Disclosed
Matters” means the actions, suits and proceedings and the environmental
matters disclosed in Schedule 3.06.

     

    “Dollar
Amount” means, in relation to any Competitive Borrowing denominated in an
Alternative Currency, the amount designated by a Borrower as the U.S. Dollar
amount of such Competitive Borrowing in the Competitive Bid Request for such
Borrowing, subject to Section 2.04(g).

     

    “Domestic
Subsidiary” means a Subsidiary that is not a Foreign
Subsidiary.

     

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

     

    “Election
to Participate” means an election by the Company to designate a
Subsidiary as a Subsidiary Borrower hereunder executed by the Company and such
Subsidiary Borrower substantially in the form of Exhibit D or any other form
approved by the Administrative Agent.

     

    “Election
to Terminate” means an election by the Company to terminate a Subsidiary
Borrower’s status as a Borrower hereunder, executed by the Company substantially
in the form of Exhibit E or any other form approved by the Administrative
Agent.

     

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

     

    “Environmental
Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental compliance, investigation or
remediation, fines, penalties or indemnities), of the Company or any Subsidiary
directly or indirectly resulting from or based upon (a) violation of any
Environmental Law, (b) the generation, use, handling, transportation, storage,
treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous
Materials, (d) the presence, Release or threatened Release of any Hazardous
Materials or (e) any contract, agreement or other

     

    

    
      
        
          
            

            

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10

      

    

    

    consensual
arrangement pursuant to which liability is assumed or imposed with respect to
any of the foregoing.

     

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

     

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

     

    “Equivalent
Amount” means, in connection with the determination of the amount of a
Competitive Loan to be made in an Alternative Currency in relation to the Dollar
Amount of such Loan, the amount of such Alternative Currency converted from such
Dollar Amount at the spot buying rate of the Lender that is to make such Loan
(based on the London interbank market rate then prevailing) for U.S. Dollars
against such Alternative Currency as of approximately 9:00 a.m., New York City
time, three Business Days before such date.

     

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

     

    “ERISA
Affiliate” means any trade or business (whether or not incorporated)
that, together with the Company, is treated as a single employer under Section
414 of the Code.

     

    “ERISA
Event” means (a) any “reportable event”, as defined in Section 4043 of
ERISA or the regulations issued thereunder with respect to a Plan (other than an
event for which the 30-day notice period is waived); (b) the existence with
respect to any Plan of an “accumulated funding deficiency” (as defined in
Section 412 of the Code or Section 302 of ERISA), whether or not waived; (c) the
filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an
application for a waiver of the minimum funding standard with respect to any
Plan; (d) the incurrence by the Company or any of its ERISA Affiliates of any
liability under Title IV of ERISA with respect to the termination of any Plan;
(e) the receipt by the Company or any ERISA Affiliate from the PBGC or a plan
administrator of any notice relating to an intention to terminate any Plan or
Plans or to appoint a trustee to administer any Plan; (f) the incurrence by the
Company or any of its ERISA Affiliates of any liability with respect to the
withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (g) the
receipt by the Company or any ERISA Affiliate of any notice, or the receipt by
any Multiemployer Plan from the Company or any ERISA Affiliate of any notice,
concerning the imposition of Withdrawal Liability or a determination that a
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11

    

     

    or is expected to be, insolvent or in reorganization, within the meaning of
Title IV of ERISA.

     

    “EURIBO
Rate” means, with respect to any EURIBOR Borrowing for any Interest
Period, (a) the applicable Screen Rate or (b) if no Screen Rate is available for
such Interest Period, the arithmetic mean (rounded up to four decimal places) of
the rates quoted by the Reference Banks to leading banks in the Banking
Federation of the European Union for the offering of deposits in Euros and for a
period comparable to such Interest Period, in each case as of the Specified Time
on the Quotation Day.

     

    “EURIBOR”,
when used in reference to any Loan or Borrowing, refers to whether such Loan, or
the Loans comprising such Borrowing, are bearing interest at a rate determined
by reference to the Adjusted EURIBO Rate.

     

    “Euro”
or “€”
means the single currency adopted by participating member states of the European
Communities in accordance with legislation of the European Community relating to
Economic and Monetary Union.

     

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

     

    “Exchange
Rate” means on any day, for purposes of determining the U.S. Dollar
Equivalent of any other currency, the rate at which such other currency may be
exchanged into U.S. Dollars at the time of determination on such day as set
forth on the Reuters WRLD Page for such currency.  In the event that
such rate does not appear on any Reuters WRLD Page, the Exchange Rate shall be
determined by reference to such other publicly available service for displaying
exchange rates as may be agreed upon by the Administrative Agent and the
Company, or, in the absence of such an agreement, such Exchange Rate shall
instead be the arithmetic average of the spot rates of exchange of the
Administrative Agent in the market where its foreign currency exchange
operations in respect of such currency are then being conducted, at or about
such time as the Administrative Agent shall elect after determining that such
rates shall be the basis for determining the Exchange Rate, on such date for the
purchase of U.S. Dollars for delivery two Business Days later; provided
that if at the time of any such determination, for any reason, no such spot rate
is being quoted, the Administrative Agent may use any reasonable method it deems
appropriate to determine such rate, and such determination shall be conclusive
absent manifest error.

     

    “Excluded
Equity Interests” means, with respect to any Person, any Equity Interest
that by its terms or otherwise (a) matures or is subject to mandatory redemption
or repurchase pursuant to a sinking fund obligation or otherwise; (b) is
convertible into or exchangeable or exercisable for Indebtedness or any Excluded
Equity Interest at the option of the holder thereof; or (c) may be required to
be redeemed or repurchased at the option of the holder thereof, in whole or in
part.

     

    “Excluded
Subsidiary” means (a) a Foreign Subsidiary of which securities or other
ownership interests representing less than 80% of the outstanding capital stock
or other equity interests, as the case may be, are, at the time any
determination is being

     

    

    
      
        
          
            

            

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12

    

    

    made,
beneficially owned, whether directly or indirectly, by the Company or (b) a
Non-Controlled Subsidiary.

     

    “Excluded
Taxes” means, with respect to the Administrative Agent, the London
Administrative Agent, any Lender, any Issuing Bank or any other recipient of any
payment to be made by or on account of any obligation of any Borrower hereunder,
(a) income or franchise taxes imposed on (or measured by) its net income by the
United States of America, or by the jurisdiction under the laws of which such
recipient is organized or in which its principal office is located or, in the
case of any Lender, in which its applicable lending office is located, (b) any
branch profits taxes imposed by the United States of America or any similar tax
imposed by any other jurisdiction in which the recipient is located and (c) in
the case of a Foreign Lender (other than an assignee pursuant to a request by
the applicable Borrower under Section 2.19(b)), any withholding tax that is
imposed by the United States of America on amounts payable to such Foreign
Lender at the time such Foreign Lender becomes a party to this Agreement (or
designates a new lending office) or is attributable to such Lender’s failure to
comply with Section 2.17(e), except to the extent that such Lender (or its
assignor, if any) was entitled, at the time of designation of a new lending
office (or assignment), to receive additional amounts from the applicable
Borrower with respect to such withholding tax pursuant to Section
2.17(a).

     

    “Existing
Credit Agreement” means the Amended and Restated Credit Agreement dated
as of September 7, 2004, among the Company, the lenders party thereto and
JPMorgan Chase Bank, N.A., as administrative agent, as amended and in effect
immediately prior to the Effective Date.

     

    “Existing
Letters of Credit” means each letter of credit previously issued for the
account of the Company or a Subsidiary that (a) is outstanding under the
Existing Credit Agreement on the Effective Date and (b) is listed on Schedule
2.06.

     

    “Existing
Maturity Date” has the meaning set forth in Section 2.09(d).

     

    “Extension
Date” has the meaning set forth in Section 2.09(d).

     

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

     

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

     

    “Fixed
Charge Coverage Ratio” means, for any period, the ratio of (i)
Consolidated EBITDAR of the Company for such period minus Capital Expenditures
for

     

    

    
      
        
          
            

            

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13

    

    

    such
period to (ii) the sum of Consolidated Interest Expense of the Company for such
period plus Rental Expense of the Company for such period.

     

    “Fixed
Rate” means, with respect to any Competitive Loan (other than a LIBOR
Competitive Loan), the fixed rate of interest per annum specified by the Lender
making such Competitive Loan in its related Competitive Bid.

     

    “Fixed
Rate Loan” means a Competitive Loan bearing interest at a Fixed
Rate.

     

    “Foreign
Lender” means, in respect of any payments to be made by or on account of
any obligation of any Borrower hereunder, any Lender that is organized under the
laws of a jurisdiction other than the jurisdiction in which such Borrower is
organized.

     

    “Foreign
Subsidiary” means a Subsidiary organized under the laws of a jurisdiction
other than the United States of America, any State thereof or the District of
Columbia.

     

    “Foreign
Subsidiary Borrower” means a Subsidiary Borrower that is a Foreign
Subsidiary.

     

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

     

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

     

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

     

    “Guarantee
Agreement” means the Guarantee Agreement substantially in the form of
Exhibit B among the Company, the Subsidiary Borrowers, the
Guarantors, the Administrative Agent.

     

    

    
      
        
          
            

            

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    “Guarantors” means the Company, the Initial Guarantors and any other Subsidiaries that become parties to the Guarantee Agreement.

     

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

     

    “Hedging
Agreement” means any interest rate protection agreement, foreign currency
exchange agreement or other interest or currency exchange rate hedging
arrangement.

     

    “Included
Subsidiary” means any Subsidiary that is not an Excluded
Subsidiary.

     

    “Increase
Effective Date” has the meaning set forth in Section 2.20.

     

    “Increasing
Lender” has the meaning set forth in Section 2.20.

     

    “Indebtedness”
of any Person means, without duplication, (a) all obligations of such Person for
borrowed money or with respect to deposits or advances of any kind, (b) all
obligations of such Person evidenced by bonds, debentures, notes or similar
instruments, (c) all obligations of such Person upon which interest charges are
customarily paid, (d) all obligations of such Person under conditional sale or
other title retention agreements relating to property acquired by such Person,
(e) all obligations of such Person in respect of the deferred purchase price of
property or services (excluding current accounts payable incurred in the
ordinary course of business), (f) all Indebtedness of others secured by (or for
which the holder of such Indebtedness has an existing right, contingent or
otherwise, to be secured by) any Lien on property owned or acquired by such
Person, whether or not the Indebtedness secured thereby has been assumed, (g)
all Guarantees by such Person of outstanding Indebtedness of others (other than
Guarantees of contingent lease payments related to sales of restaurants by the
Company and the Subsidiaries or their predecessors in interest (howsoever
effected)), (h) all Capital Lease Obligations of such Person, (i) all
obligations, contingent or otherwise, of such Person as an account party in
respect of letters of credit and letters of guaranty and (j) all obligations,
contingent or otherwise, of such Person in respect of bankers’
acceptances.  The Indebtedness of any Person shall include the
Indebtedness of any other entity (including any partnership in which such Person
is a general partner) to the extent such Person is liable therefor as a result
of such Person’s ownership interest in or other relationship with such entity,
except to the extent the terms of such Indebtedness provide that such Person is
not liable therefor.

     

    “Indemnified
Taxes” means Taxes other than Excluded Taxes.

     

    “Index
Debt” means (a) indebtedness in respect of the obligations of the Company
under this Agreement or, if such indebtedness is rated by neither Moody’s nor
S&P, then (b) senior unsecured, long-term indebtedness for borrowed money of
the

     

    

    
      
        
          
            

            

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    Company
that is not guaranteed by any other Person or subject to any other credit enhancement (regardless of whether there is any such
indebtedness outstanding).

     

    “Information
Memorandum” means the Confidential Information Memorandum dated October
2007 relating to the Company and the Transactions.

     

    “Initial Guarantors”
means the Subsidiaries listed on Schedule A.

     

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

     

    “Interest Payment
Date” means (a) with respect to any ABR Loan (other than a Swingline
Loan), the last day of each March, June, September and December, (b) with
respect to any LIBOR Loan or EURIBOR Loan, the last day of the Interest Period
applicable to the Borrowing of which such Loan is a part and, in the case of a
LIBOR Borrowing or a EURIBOR Borrowing with an Interest Period of more than
three months’ duration, each day prior to the last day of such Interest Period
that occurs at intervals of three months’ duration after the first day of such
Interest Period, (c) with respect to any Fixed Rate Loan, the last day of the
Interest Period applicable to the Borrowing of which such Loan is a part and, in
the case of a Fixed Rate Borrowing with an Interest Period of more than 90 days’
duration (unless otherwise specified in the applicable Competitive Bid Request),
each day prior to the last day of such Interest Period that occurs at intervals
of 90 days’ duration after the first day of such Interest Period, and any other
dates that are specified in the applicable Competitive Bid Request as Interest
Payment Dates with respect to such Borrowing and (d) with respect to any
Swingline Loan, the day that such Loan is required to be repaid.

     

    “Interest Period”
means (a) with respect to any LIBOR Borrowing or EURIBOR Borrowing, the period
commencing on the date of such Borrowing and ending on the numerically
corresponding day in the calendar month that is one, two, three or six (or with
the consent of each Lender participating in such Borrowing, nine or twelve
months) months thereafter, as the applicable Borrower may elect and (b) with
respect to any Fixed Rate Borrowing, the period (which shall not be less than
one day or more than 360 days) commencing on the date of such Borrowing and
ending on the date specified in the applicable Competitive Bid Request; provided that (i) if
any Interest Period would end on a day other than a Business Day, such Interest
Period shall be extended to the next succeeding Business Day unless, in the case
of a LIBOR Borrowing or a EURIBOR Borrowing only, such next succeeding Business
Day would fall in the next calendar month, in which case such Interest Period
shall end on the next preceding Business Day and (ii) any Interest Period
pertaining to a LIBOR Borrowing or a EURIBOR Borrowing that commences on the
last Business Day of a calendar month (or on a day for which there is no
numerically corresponding day in the last calendar month of such Interest
Period) shall end on the last Business Day of the last calendar month of such
Interest Period.  For purposes hereof, the date of a Borrowing
initially shall be the date on which such Borrowing is made and, in the case of
a Revolving Borrowing, thereafter shall be the effective date of the most recent
conversion or continuation of such Borrowing.

     

    

    
      
        
          
            

            

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    “Issuing Bank” means,
as the context may require, (a) JPMorgan Chase Bank, N.A., with respect to
Letters of Credit issued by it, (b) Citibank, N.A., with respect to Letters of
Credit issued by it, (c) any other Lender that becomes an Issuing Bank pursuant
to Section 2.06(j), with respect to Letters of Credit issued by it, and (d) any
Person that has issued an Existing Letter of Credit, with respect to such
Existing Letter of Credit and, in each case, its successors in such capacity as
provided in Section 2.06(i).  An Issuing Bank may, in its discretion,
arrange for one or more Letters of Credit to be issued by Affiliates of such
Issuing Bank, in which case the term “Issuing Bank” shall include any such
Affiliate with respect to Letters of Credit issued by such
Affiliate.

     

    “LC Commitment” means,
with respect to any Issuing Bank at any time, the maximum amount of LC Exposure
at such time that may be attributable to Letters of Credit issued by such
Issuing Bank and its Affiliates.  The initial LC Commitment of
JPMorgan Chase Bank, N.A. is US$250,000,000 and the initial LC Commitment of
Citibank, N.A., is US$250,000,000.  The initial LC Commitment of each
other Issuing Bank shall be the amount agreed between the Company and such
Issuing Bank.

     

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

     

    “LC Exposure” means
Tranche A LC Exposure or Tranche B LC Exposure (or both), as the context
requires.

     

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

     

    “Letter of Credit”
means a Tranche A Letter of Credit or a Tranche B Letter of Credit.

     

    “Leverage Ratio”
means, on any date, the ratio of (a) Consolidated Indebtedness as of such date
to (b) Adjusted EBITDA for the period of four consecutive fiscal quarters of the
Company ended on such date (or, if such date is not the last day of a fiscal
quarter, ended on the last day of the fiscal quarter of the Company most
recently ended prior to such date).

     

    “LIBO Rate” means,
with respect to any LIBOR Borrowing denominated in any currency for any Interest
Period, (a) the applicable Screen Rate or (b) if no Screen Rate is available for
such currency or for such Interest Period, the arithmetic mean (rounded up to
four decimal places) of the rates quoted by the Reference Banks to leading banks
in the London interbank market for the offering of deposits in such currency and
for a period comparable to such Interest Period, in each case as of the
Specified Time on the Quotation Day.

     

    “LIBOR”, when used in
reference to any Loan or Borrowing, refers to whether such Loan or Borrowing, or
the Loans comprising such Borrowing, are bearing

     

    

    
      
        
          
            

            

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17

      

    

    

    interest
at a rate determined by reference to the Adjusted LIBO Rate (or, in the case of
a Competitive Loan, the LIBO Rate).

     

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

     

    “Lien Basket Amount”
means, at any time, the sum of (a) the Securitization Amount at such time, plus
(b) the aggregate principal amount of obligations (including contingent
obligations, in the case of Guarantees or letters of credit) at such time
secured by Liens permitted under clause (h) of Section 6.02, plus (c) the fair
market value of all property sold or transferred after the Effective Date
pursuant to Sale and Lease-Back Transactions permitted by clause (b) of Section
6.12.

     

    “Loan” means any loan
made by a Lender to a Borrower pursuant to this Agreement.

     

    “Loan Documents” means
this Agreement, the Guarantee Agreement, any promissory notes issued pursuant to
Section 2.10(e) and any Elections to Participate and Elections to Terminate
delivered pursuant to Section 2.21.

     

    “Loan Parties” means
the Borrowers and the Guarantors.

     

    “Local Time” means (a)
with respect to a Loan or Borrowing denominated in U.S. Dollars to or by a
Borrower or any Letter of Credit, New York City time and (b) with respect to a
Loan or Borrowing denominated in Sterling or Euros or a Loan or Borrowing
denominated in U.S. Dollars to or by a Borrower that is not organized under the
laws of the United States of America, London time.

     

    “London Administrative
Agent” means J.P. Morgan Europe Ltd, in its capacity as administrative
sub-agent for the Lenders hereunder.

     

    “Mandatory Cost” has
the meaning set forth in Schedule 2.15.

     

    “Margin” means, with
respect to any Competitive Loan bearing interest at a rate based on the LIBO
Rate, the marginal rate of interest, if any, to be added to or subtracted from
the LIBO Rate to determine the rate of interest applicable to such Loan, as
specified by the Lender making such Loan in its related Competitive
Bid.

     

    “Material Adverse
Effect” means a material adverse effect on (a) the business, assets,
operations or condition, financial or otherwise, of the Company and the
Subsidiaries taken as a whole, (b) the ability of the Company or any Subsidiary
Borrower

     

    

    
      
        
          
            

            

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18

    

    

    to
perform any of its obligations under any Loan Document or (c) the rights and
remedies available to the Lenders under any Loan Document.

     

    “Material
Indebtedness” means Indebtedness (other than (a) the Loans and Letters of
Credit and (b) Indebtedness owing to the Company or a Subsidiary), or
obligations in respect of one or more Hedging Agreements, of any one or more of
the Company and its Subsidiaries in an aggregate principal amount exceeding
$100,000,000.  For purposes of determining Material Indebtedness, the
“principal amount” of the obligations of the Company or any Subsidiary in
respect of any Hedging Agreement at any time shall be the maximum aggregate
amount (giving effect to any netting agreements) that the Company or such
Subsidiary would be required to pay if such Hedging Agreement were terminated at
such time.

     

    “Maturity Date” means
November 29, 2012, as such date may be extended pursuant to Section
2.09.

     

    “Maturity Date Extension
Request” has the meaning set forth in Section 2.09(d).

     

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

     

    “Multiemployer Plan”
means a multiemployer plan as defined in Section 4001(a)(3) of
ERISA.

     

    “New Class” has the
meaning set forth in Section 9.02(d).

     

    “New Lender” has the
meaning set forth in Section 2.09.

     

    “Non-Controlled
Subsidiary” means any direct or indirect subsidiary of the Company with
respect to which the Company (a) has reasonably determined that it does not have
sufficient operational control over such subsidiary to ensure that such
subsidiary (i) complies with the warranties and covenants applicable to other
Subsidiaries hereunder or (ii) does not take or omit to take any actions that
would constitute or lead to an Event of Default hereunder and (b) has notified
the Administrative Agent in writing that such subsidiary is a “Non-Controlled
Subsidiary” hereunder and such notice specifies, in reasonable detail, the
reasons for such a determination as described in clause (a) above; provided that (A) no
Subsidiary Borrower, Subsidiary Guarantor, or Principal Domestic Subsidiary
shall be a Non-Controlled Subsidiary, (B) no subsidiary of which securities or
other ownership interests representing more than 80% of the outstanding Equity
Interests at the time any determination is being made, beneficially owned, whether directly or indirectly, by the Company shall be a
Non-Controlled Subsidiary and (C) as of any date of determination, the
Consolidated EBITDAR, calculated for the period of four consecutive fiscal
quarters most recently ended of all Non-Controlled Subsidiaries (combined) shall
not exceed 7.5% of the Company’s Consolidated EBITDAR for such period, in each
case determined as though the Non-Controlled Subsidiaries were Included
Subsidiaries for this purpose.

     

    

    
      
        
          
            

            

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19

      

    

    

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

     

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

     

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

     

    “Permitted
Acquisition” means the acquisition by the Company or a Subsidiary of the
assets of a Person constituting a business unit or any Equity Interests of a
Person; provided that (a) immediately after giving effect thereto no Default
shall have occurred and be continuing or would result therefrom, (b) all
transactions related thereto shall be consummated in accordance with applicable
laws, except where the failure to do so, individually or in the aggregate, would
not reasonably be expected to result in a Material Adverse Effect, (c) in the
case of an acquisition of Equity Interests in a Person, after giving effect to
such acquisition, at least 90% of the Equity Interests in such Person, and any
other Subsidiary resulting from such acquisition, shall be owned directly or
indirectly by the Company or any of its wholly owned Subsidiaries and all
actions required to be taken, if any, with respect to each Subsidiary resulting
from such acquisition under Section 5.09 shall be taken, (d) the Company and its
Subsidiaries are in compliance, on a pro forma basis after giving effect to such
acquisition, with the covenants contained in Sections 6.09 and 6.10 recomputed
as of the last day of the most recently ended fiscal quarter of the Company for
which financial statements are available as if such acquisition had occurred on
the first day of each relevant period for testing such
compliance (using Adjusted EBITDA in lieu of Consolidated EBITDA for the
relevant period and including, for purposes of Section 6.10, pro forma
adjustments to Consolidated Interest Expense and Rental Expense for the relevant
period as if such acquisition had occurred on the first day of such period), (e)
the Company has delivered to the Administrative Agent a certificate of a
Financial Officer to the effect set forth in clauses (a), (c) and (d) above,
together with all relevant financial information for the business or entity
being acquired and (f) in the case of an acquisition of a publicly-owned entity,
such acquisition shall not have been preceded by an unsolicited tender
offer.

     

    “Permitted
Encumbrances” means:

     

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

     

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

     

    

    
      
        
          
            

            

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20

      

    

    

    (c) pledges and deposits made in the ordinary course of
business in compliance with workers’ compensation, unemployment insurance and
other social security laws or regulations;

     

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

     

    (e) judgment
liens in respect of judgments that do not constitute an Event of Default under
clause (l) of Section 7.01; and

     

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

     

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

     

    “Permitted
Investments” means:

     

    (a) direct
obligations of, or obligations on which the principal of and interest are
unconditionally guaranteed by, the United States of America (or by any agency
thereof to the extent such obligations are backed by the full faith and credit
of the United States of America), in each case maturing within three years from
the date of acquisition thereof;

     

    (b) investments
in commercial paper maturing within 270 days from the date of acquisition
thereof and rated, at such date of acquisition, at least A-1 by S&P or P-1
by Moody’s;

     

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

     

    (d) fully
collateralized repurchase agreements (i) with a term ending on the next Business
Day for direct obligations of, or obligations the principal of and interest on
which are unconditionally guaranteed by, the United States of America (or by any
agency thereof to the extent such obligations are backed by the full faith and
credit of the United Sates of America) and entered into with a financial
institution satisfying the criteria described in clause (c) above, or (ii) with
a term

     

    

    
      
        
          
            

            

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21

      

    

    

    of not
more than 30 days for securities described in clause (a) above and entered into with a financial institution satisfying the
criteria described in clause (c) above;

     

    (e) investments
in money market funds (i) with a policy to invest substantially all their assets
in one or more investments described in the foregoing items (a), (b), (c) and
(d) or (ii) having the highest credit rating obtainable from S&P or from
Moody’s;

     

    (f) investments
in (i) any debt securities rated AA- or above by S&P and Aa3 or above by
Moody’s and maturing within one year from the date of acquisition thereof and
(ii) mutual funds with assets of at least US$5,000,000,000 and that invest 100%
of their assets in securities described in clause (a) above or subclause (i) of
this clause (f); and

     

    (g) in the
case of any Foreign Subsidiary, investments by such Subsidiary that are
denominated in U.S. Dollars, Euros or the currency of the jurisdiction where
such Foreign Subsidiary’s principal business activities are conducted and are
available in the principal financial markets of the jurisdiction and otherwise
are comparable (as nearly as practicable) to the investments described above;
provided that,
for purposes of this clause (g), (i) the foregoing clause (a) shall be deemed to
refer to obligations of, or obligations the principal of and interest on which
are unconditionally guaranteed by, the government of the jurisdiction in which
such Foreign Subsidiary is located, in each case maturing within one year from
the date of acquisition thereof, and (ii) commercial banks referred to in the
foregoing clause (c) shall be deemed to include commercial banks located in the
applicable jurisdiction that the applicable Foreign Subsidiary determines in
good faith to be among the most creditworthy banks available for deposits in the
location where such deposits are being made.

     

    “Permitted Securitization
Transaction” means any sale, assignment or other transfer (or series of
related sales, assignments or other transfers) by the Company or any Subsidiary
of receivables or royalty payments owing to the Company or such Subsidiary or
any interest in any of the foregoing pursuant to a securitization transaction,
together in each case with any collections and other proceeds thereof, any
collection or deposit account related thereto, and any collateral, guarantees or
other property or claims supporting or securing payment by the obligor thereon
of, or otherwise related to, any such receivables or royalty
payments.

     

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

     

    “Plan” means any
employee pension benefit plan (other than a Multiemployer Plan) subject to the
provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of
ERISA, and in respect of which the Company or any ERISA

     

    

    
      
        
          
            

            

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22

    

    

    Affiliate
is (or, if such plan were terminated, would under ERISA be deemed to be) an
“employer” as defined in Section 3(5) of ERISA.

     

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

     

    “Principal Domestic
Subsidiary” means (a) any Subsidiary organized in the United States of
America whose consolidated assets exceed 5% of the consolidated assets of the
Company and its consolidated Subsidiaries or whose revenues exceed 5% of the
consolidated revenues of the Company and its consolidated Subsidiaries, in each
case as of the end of the most recent fiscal quarter or for the most recently
ended four consecutive fiscal quarters, respectively, or (b) any Subsidiary that
holds any material trademark (including any Kentucky Fried Chicken, KFC, Pizza
Hut, A&W, Long John Silver’s or Taco Bell trademark) for use in the United
States of America or any jurisdiction therein.

     

    “Quotation Day” means
(a) with respect to any currency (other than Sterling) for any Interest Period,
two Business Days prior to the first day of such Interest Period and (b) with
respect to Sterling for any Interest Period, the first day of such Interest
Period, in each case unless market practice differs in the Relevant Interbank
Market for any currency, in which case the Quotation Day for such currency shall
be determined by the applicable Agent in accordance with market practice in the
Relevant Interbank Market (and if quotations would normally be given by leading
banks in the Relevant Interbank Market on more than one day, the Quotation Day
shall be the last of those days).

     

    “Reference Banks”
means with respect to the LIBO Rate or the EURIBO Rate, the principal London
offices of JPMorgan Chase Bank, N.A. and Citibank NA, London, or such other
banks as may be appointed by the Administrative Agent in consultation with the
Company.

     

    “Refranchising
Transaction” means a transaction in which the Company or any of its
Subsidiaries sells, transfers, leases or otherwise disposes of assets (excluding
the sale, transfer or disposition of intellectual property, except for licenses
of intellectual property to franchisees or prospective franchisees) comprising
one or more restaurants to the franchisee or prospective franchisee
thereof.

     

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

     

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

     

    “Release” means any
spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting,
escaping, leaching, dumping, disposing or migrating into or through the
environment or any facility, building or structure.

     

    

    
      
        
          
            

            

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23

    

    

    “Relevant Interbank
Market” means (a) with respect to any currency (other than Euros), the
London interbank market and (b) with respect to Euros, the European interbank
market.

     

    “Rental Expense”
means, for any Person for any period, the minimum rental expense of such Person
deducted in determining Consolidated Net Income of such Person for such
period.  Unless the context otherwise requires, references to “Rental
Expense” are to Rental Expense of the Company and the Included
Subsidiaries.

     

    “Required Lenders”
means, at any time, Lenders having Revolving Credit Exposures and unused
Commitments representing more than 50% of the sum of the total Revolving Credit
Exposures and unused Commitments at such time; provided that for
purposes of declaring the Loans to be due and payable pursuant to Section 7.01,
and for all purposes after the Loans become due and payable pursuant to Article
VII or the Commitments expire or terminate, the outstanding Competitive Loans of
the Lenders shall be included in their respective Revolving Credit Exposures in
determining the Required Lenders.

     

    “Revaluation Date”
means, with respect to an Alternative Currency Borrowing, the last day of each
Interest Period with respect to such Borrowing and, if a Borrower elects a new
Interest Period prior to the end of the existing Interest Period with respect to
such Borrowing, the date of commencement of such new Interest
Period.

     

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

     

    “Revolving Credit
Exposure” means Tranche A Revolving Credit Exposure or Tranche B
Revolving Credit Exposure (or both), as the context requires.

     

    “Revolving Loan” means
a Tranche A Revolving Loan or Tranche B Revolving Loan.

     

    “S&P” means
Standard & Poor’s.

     

    “Screen Rate” means
(a) in respect of the LIBO Rate for any currency for any Interest Period, the
British Bankers Association Interest Settlement Rate for such currency and such
Interest Period as set forth on the applicable page of the Reuters Service (and
if such page is replaced or such service ceases to be available, another page or
service displaying the appropriate rate designated by the applicable Agent after
consultation with the Company) and (b) in respect of the EURIBO Rate for any
Interest Period, the percentage per annum determined by the Banking Federation
of the European Union for such Interest Period as set forth on the applicable
page of the Reuters Service (and if such page is replaced or such service ceases
to be available, another page or service displaying the appropriate rate
designated by the applicable Agent after consultation with the
Company).

     

    “Sale and Lease-Back
Transaction” has the meaning assigned to such term in Section
6.11.

     

    

    
      
        
          
            

            

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    “Securitization
Amount” means, at any date of determination thereof and in respect of any
Permitted Securitization Transaction, (a) in the case of a Permitted
Securitization Transaction structured as a borrowing of loans secured by
receivables or royalty payments, the outstanding principal
amount of Indebtedness incurred in respect of such Permitted Securitization
Transaction that is secured by such receivables or royalty payments and (b) in
the case of a Permitted Securitization Transaction structured as a sale or other
transfer of receivables or royalty payments (other than a sale or transfer of
such receivables or royalty payments to a Subsidiary), the aggregate amount of
cash consideration received by the Company or any of its Subsidiaries from such
sale or transfer, but only to the extent representing the outstanding equivalent
of principal, capital or comparable interests in respect of such receivables or
royalty payments that remain uncollected at such time and would not be
distributed to the Company or a Subsidiary if such Permitted Securitization
Transactions were to be terminated at such time.

     

    “Securitization
Subsidiary” means any Subsidiary that is formed by the Company or any of
its Subsidiaries for the sole purpose of effecting or facilitating a Permitted
Securitization Transaction and that (a) owns no assets other than receivables,
royalty payments and other assets that are related to such Permitted
Securitization Transaction and (b) engages in no business and incurs no
Indebtedness, in each case, other than those related to such Permitted
Securitization Transaction.

     

    “Sold Business” means
any Person, property, business or asset sold, transferred or otherwise disposed
of by the Company or any Subsidiary, other than in the ordinary course of
business.

     

    “Specified Currency”
has the meaning assigned to such term in Section 9.14.

     

    “Specified Time” means
(a) with respect to the LIBO Rate, 11:00 a.m., London time and (b) with respect
to the EURIBO Rate, 11:00 a.m., Frankfurt time.

     

    “Statutory Reserve
Rate” means a fraction (expressed as a decimal), the numerator of which
is the number one and the denominator of which is the number one minus the
aggregate of the maximum reserve percentages (including any marginal, special,
emergency or supplemental reserves) expressed as a decimal established by the
Board to which the Administrative Agent is subject for eurocurrency funding
(currently referred to as “Eurocurrency Liabilities” in Regulation D of the
Board).  Such reserve percentages shall include those imposed pursuant
to such Regulation D.  LIBOR Loans shall be deemed to constitute
eurocurrency funding and to be subject to such reserve requirements without
benefit of or credit for proration, exemptions or offsets that may be available
from time to time to any Lender under such Regulation D or any comparable
regulation.  The Statutory Reserve Rate shall be adjusted
automatically on and as of the effective date of any change in any reserve
percentage.

     

    “Sterling” or “£”means lawful
currency of the United Kingdom.

     

    

    
      
        
          
            

            

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25

    

    

    “subsidiary” means,
with respect to any Person (the “parent”) at any date,
any corporation, limited liability company, partnership, association or other
entity the accounts of which would be consolidated with those of the parent in
the parent’s consolidated financial statements if such financial statements were
prepared in accordance with GAAP as of such date, as well as any other
corporation, limited liability company, partnership, association or other entity
of which securities or other ownership interests representing more than 50% of
the equity or more than 50% of the ordinary voting power or, in the case of a
partnership, more than 50% of the general partnership interests are, as of such
date, owned, controlled or held by the parent or one or more subsidiaries of the
parent or by the parent and one or more subsidiaries of the parent.

     

    “Subsidiary” means any
subsidiary of the Company; provided that except
for purposes of Sections 3.04, 3.11, 5.01(a), 5.01(b) and 5.01(f), the term
“Subsidiary” shall not include a Non-Controlled Subsidiary.

     

    “Subsidiary Borrowers”
means each Subsidiary as to which an Election to Participate shall have been
delivered to the Administrative Agent, but in each case excluding any such
Subsidiary as to which an Election to Terminate shall have been delivered to the
Administrative Agent, in each case pursuant to Section 2.21.

     

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

     

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

     

    “Swingline Loan” means
a Tranche A Swingline Loan or Tranche B Swingline Loan.

     

    “Syndication Agent”
means Citibank, N.A., in its capacity as syndication agent
hereunder.

     

    “System Unit” means
any restaurant operated under the name Kentucky Fried Chicken, KFC, Pizza Hut,
Taco Bell, A&W, Long John Silver’s or any other brand that is acquired and
operated by the Company or a Subsidiary or franchised or licensed by the Company
or a Subsidiary to any of its franchisees or licensees.

     

    “TARGET” means the
Trans-European Automated Real-time Gross Settlement Express Transfer payment
system.

     

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

     

    “Tranche A Commitment”
means, with respect to each Lender, the commitment of such Lender to make
Tranche A Revolving Loans and to acquire

     

    

    
      
        
          
            

            

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26

    

    

    participations
in Tranche A Letters of Credit and Tranche A Swingline Loans
hereunder,  expressed as an amount representing the maximum aggregate
amount of such Lender’s Tranche A Revolving Credit Exposure hereunder, as such
commitment may be (a) reduced from time to time pursuant to Section 2.09, (b)
increased from time to time pursuant to Section 2.20 and (c) reduced or
increased from time to time pursuant to assignments by or to such Lender
pursuant to Section 9.04.  The initial amount of each Lender’s Tranche
A Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption
pursuant to which such Lender shall have assumed its Tranche A Commitment, as
the case may be.  The aggregate amount of Tranche A Commitments on the
Effective Date is US$25,000,000.

     

    “Tranche A Competitive
Loan” means a Competitive Loan that is made pursuant to a Competitive Bid
Request that designates such Competitive Loan to be made in response thereto as
a Tranche A Competitive Loan.

     

    “Tranche A LC
Exposure” means, at any time, the sum of (a) the aggregate undrawn amount
of all outstanding Tranche A Letters of Credit at such time plus (b) the
aggregate amount of all LC Disbursements made in respect of Tranche A Letters of
Credit that have not yet been reimbursed by or on behalf of the Borrowers at
such time.  The Tranche A LC Exposure of any Tranche A Lender at any
time shall be its Applicable Percentage of the total Tranche A LC Exposure at
such time.

     

    “Tranche A Lender”
means a Lender with a Tranche A Commitment or Tranche A Revolving Credit
Exposure.

     

    “Tranche A Letter of
Credit” means a Letter of Credit that is designated as a Tranche A Letter
of Credit pursuant to the notice of the applicable Borrower requesting such
Letter of Credit as contemplated by Section 2.06(b).  As of the
Effective Date, each Existing Letter of Credit shall constitute a Tranche A
Letter of Credit as though issued pursuant to this Agreement on the Effective
Date.

     

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

     

    “Tranche A Revolving
Loan” means a Loan made pursuant to Section 2.01(a).  Each
Tranche A Revolving Loan shall be an ABR Loan or a LIBOR Loan.

     

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

     

    “Tranche A Swingline
Loan” means a Loan made pursuant to Section 2.05 and designated in the
notice delivered by the applicable Borrower pursuant to paragraph (b) of such
Section as a Tranche A Swingline Loan.

     

    

    
      
        
          
            

            

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27

    

    

    “Tranche B Commitment”
means, with respect to each Lender, the commitment of such Lender to make
Tranche B Revolving Loans and to acquire participations in Tranche B Letters of
Credit and Tranche B Swingline Loans hereunder, expressed as an amount
representing the maximum aggregate amount of such Lender’s Tranche B Revolving
Credit Exposure hereunder, as such commitment may be (a) reduced from time to
time pursuant to Section 2.09, (b) increased from time to time pursuant to
Section 2.20 and (c) reduced or increased from time to time
pursuant to assignments by or to such Lender pursuant to Section
9.04.  The initial amount of each Lender’s Tranche B Commitment is set
forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which
such Lender shall have assumed its Tranche B Commitment, as the case may
be.  The aggregate amount of Tranche B Commitments on the Effective
Date is US$1,125,000,000.

     

    “Tranche B Competitive
Loan” means a Competitive Loan that is made pursuant to a Competitive Bid
Request that designates such Competitive Loan to be made in response thereto as
a Tranche B Competitive Loan.

     

    “Tranche B LC
Exposure” means, at any time, the sum of (a) the aggregate undrawn amount
of all outstanding Tranche B Letters of Credit at such time plus (b) the
aggregate amount of all LC Disbursements made in respect of Tranche A Letters of
Credit that have not yet been reimbursed by or on behalf of the Borrowers at
such time.  The Tranche B LC Exposure of any Tranche A Lender at any
time shall be its Applicable Percentage of the total Tranche B LC Exposure at
such time.

     

    “Tranche B Lender”
means a Lender with a Tranche B Commitment or a Tranche B Revolving Credit
Exposure.

     

    “Tranche B Letter of
Credit” means a Letter of Credit that is designated as a Tranche B Letter
of Credit pursuant to the notice of the applicable Borrower requesting such
Letter of Credit as contemplated by Section 2.06(b).

     

    “Tranche B Revolving Credit
Exposure” means, with respect to any Tranche B Lender at any time, the
aggregate amount of the sum (a) the U.S. Dollar Equivalents of such Tranche B
Lender’s outstanding Tranche B Revolving Loans and (b) its Tranche B LC Exposure
and Tranche B Swingline Exposure at such time.

     

    “Tranche B Revolving
Loan” means a Loan made pursuant to Section 2.01(b).  Each
Tranche B Revolving Loan denominated in U.S. Dollars shall be an ABR Loan or a
LIBOR Loan.  Each Tranche B Revolving Loan denominated in Sterling
shall e a LIBOR Loan.  Each Tranche B Revolving Loan denominated in
Euros shall be a EURIBOR Loan.

     

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

     

    

    
      
        
          
            

            

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28

    

    

    “Tranche B Swingline
Loan” means a Loan made pursuant to Section 2.05 and designated in the
notice delivered by the applicable Borrower pursuant to paragraph (b) of such
Section as a Tranche B Swingline Loan.

     

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

     

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

     

    “U.S. Dollar
Equivalent” means, on any Determination Date, (a) with respect to any
amount in U.S. Dollars, such amount and (b) with respect to any amount in any
currency other than U.S. Dollars, the equivalent in U.S. Dollars of such amount,
determined by the Administrative Agent pursuant to Section 1.05 using the
Exchange Rate with respect to such currency at the time in effect under the
provisions of such Section.

     

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

     

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

     

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

     

    SECTION
1.03  Terms
Generally.  The definitions of terms herein shall apply equally
to the singular and plural forms of the terms defined.  Whenever the
context may require, any pronoun shall include the corresponding masculine,
feminine and neuter forms.  The words “include”, “includes” and
“including” shall be deemed to be followed by the phrase “without
limitation”.  The word “will” shall be construed to have the same
meaning and effect as the word “shall”.  Unless the context requires
otherwise (a) any definition of or reference to any agreement, instrument or
other document herein shall be construed as referring to such agreement,
instrument or other document as from time to time amended, supplemented or
otherwise modified (subject to any restrictions on such amendments, supplements
or modifications set forth herein), (b) any reference herein to any Person
shall be construed to include such Person’s

     

    

    
      
        
          
            

            

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    successors
and assigns, (c) the words “herein”, “hereof” and “hereunder”, and words of
similar import, shall be construed to refer to this Agreement in its entirety
and not to any particular provision hereof, (d) all references herein to
Articles, Sections, Exhibits and Schedules shall be construed to refer to
Articles and Sections of, and Exhibits and Schedules to, this Agreement and (e)
the words “asset” and “property” shall be construed to have the same meaning and
effect and to refer to any and all tangible and intangible assets and
properties, including cash, securities, accounts and contract
rights.

     

    SECTION
1.04  Accounting Terms;
GAAP.  Except as otherwise expressly provided herein, all terms
of an accounting or financial nature shall be construed in accordance with GAAP,
as in effect from time to time; provided that if the
Company notifies the Administrative Agent that the Company requests an amendment
to any provision hereof to eliminate the effect of any change occurring after
the date hereof in GAAP or in the application or interpretation thereof on the
operation of such provision (or if the Administrative Agent notifies the Company
that the Required Lenders request an amendment to any provision hereof for such
purpose), regardless of whether any such notice is given before or after such
change in GAAP or in the application thereof, then such provision shall be
interpreted on the basis of GAAP as in effect and applied immediately before
such change shall have become effective until  such notice shall have
been withdrawn or such provision  amended in accordance
herewith.

     

    SECTION
1.05  Currency
Translation.  The Administrative Agent shall determine the U.S.
Dollar Equivalent of any Revolving Borrowing denominated in a Committed
Alternative Currency, as of the date of the commencement of the initial Interest
Period therefor and as of the date of the commencement of each subsequent
Interest Period therefor, in each case using the Exchange Rate for such currency
in relation to U.S. Dollars in effect on the date that is three Business Days
prior to the date on which the applicable Interest Period shall commence, and
each such amount shall be the U.S. Dollar Equivalent of such Borrowing until the
next required calculation thereof pursuant to this sentence.  The
Administrative Agent shall notify the Company and the  Tranche B
Lenders of each calculation of the U.S. Dollar Equivalent of each such Revolving
Borrowing.

     

     

    ARTICLE
II

     

    The
Credits

     

    SECTION
2.01.  Commitments.  (a)  Tranche A
Commitments.  Subject to the terms and conditions set forth
herein, each Tranche A Lender agrees to make Tranche A Revolving Loans
denominated in U.S. Dollars to any Borrower from time to time during the
Availability Period in an aggregate principal amount that will not result in
(i) such
Tranche A Lender’s Tranche A Revolving Credit Exposure exceeding such Tranche A
Lender’s Tranche A Commitment or (ii) the sum of the total Tranche A Revolving
Credit Exposures plus the aggregate principal amount of outstanding Tranche A
Competitive Loans exceeding the total Tranche A Commitments.  Within
the foregoing

    

    
      
        
          
            

            

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    limits
and subject to the terms and conditions set forth herein, a Borrower may borrow,
prepay and reborrow Tranche A Revolving Loans.

     

    (b) Tranche B
Commitments.  Subject to the terms and conditions set forth
herein, each Tranche B Lender agrees to make Tranche B Revolving Loans
denominated in U.S. Dollars or in any Committed Alternative Currency to any
Borrower from time to time during the Availability Period in an aggregate
principal amount that will not result in (i) such Tranche B Lender’s Tranche B
Revolving Credit Exposure exceeding such Tranche B Lender’s Tranche B Commitment
or (ii) the sum of the total Tranche B Revolving Credit Exposures plus the
aggregate principal amount of outstanding Tranche B Competitive Loans exceeding
the total Tranche B Commitments.  Within the foregoing limits and
subject to the terms and conditions set forth herein, a Borrower may borrow,
prepay and reborrow Tranche B Revolving Loans.

     

    SECTION
2.02.  Loans
and Borrowings.  (a)  Each Tranche A Revolving Loan
shall be made as part of a Tranche A Revolving Borrowing consisting of Tranche A
Revolving Loans of the same Type made by the Tranche A Lenders ratably in
accordance with their respective Tranche A Commitments.  Each Tranche
B Revolving Loan shall be made as part of a Tranche B Revolving Borrowing
consisting of Tranche B Revolving Loans of the same Type and currency made by
the Tranche B Lenders ratably in accordance with their respective Tranche B
Commitments.  Each Competitive Loan shall be made in accordance with
the procedures set forth in Section 2.04.  The failure of any Lender
to make any Loan required to be made by it shall not relieve any other Lender of
its obligations hereunder; provided that the
Commitments and Competitive Bids of the Lenders are several and no Lender shall
be responsible for any other Lender’s failure to make Loans as
required.

    

    (b)  Subject
to Section 2.14, (i) each Revolving Borrowing denominated in U.S. Dollars shall
be comprised entirely of ABR Loans or LIBOR Loans, (ii) each Revolving Borrowing
denominated in Sterling shall be comprised entirely of LIBOR Loans, (iii) each
Revolving Borrowing denominated in Euros shall be comprised entirely of EURIBOR
Loans and (iv) each Competitive Borrowing shall be comprised entirely of LIBOR
Loans, EURIBOR Loans or Fixed Rate Loans, in each case as the applicable
Borrower may request in accordance herewith.  Each Swingline Loan
shall be an ABR Loan unless otherwise agreed by the applicable Borrower and the
Swingline Lender pursuant to Section 2.13(d).  Each Lender at its
option may make any Loan by causing any domestic or foreign branch or Affiliate
of such Lender to make such Loan; provided that any
exercise of such option shall not affect the obligation of the applicable
Borrower to repay such Loan in accordance with the terms of this Agreement and
shall not result in any increased costs under Section 2.15 or any obligation by
the applicable Borrower to make any payment under Section 2.17 in excess of the
amounts, if any, that such Lender would be entitled to claim under Section 2.15
or 2.17, as applicable, without giving effect to such change in lending
office.

     

    (c) At the
commencement of each Interest Period for any LIBOR Revolving Borrowing or
EURIBOR Revolving Borrowing, such Borrowing shall be in an aggregate amount that
is an integral multiple of the Borrowing Multiple and not less than

     

    

    
      
        
          
            

            

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    the
Borrowing Minimum.  At the time that each ABR Revolving Borrowing is
made, such Borrowing shall be in an aggregate amount that is an integral
multiple of US$1,000,000 and not less than US$10,000,000; provided that an ABR
Revolving Borrowing of either Class may be in an aggregate amount (i) that is
equal to the entire unused balance of the total Commitments of such Class, (ii)
that is required to finance the reimbursement of an LC Disbursement of such
Class or that is required to finance the repayment of outstanding Swingline
Loans of such Class as contemplated by paragraph (d) below.  Each
Competitive Borrowing shall be in an aggregate amount that is an integral
multiple of US$1,000,000 and not less than US$10,000,000 (or, in the case of a
Competitive Borrowing made in an Alternative Currency, a Dollar Amount of not
less than US$10,000,000).  Each Swingline Loan shall be in an amount
that is an integral multiple of US$100,000 and not less than
US$500,000.  Borrowings of more than one Type and Class may be
outstanding at the same time; provided that there
shall not at any time be more than a total of fifteen LIBOR Revolving Borrowings
and EURIBOR Revolving Borrowings outstanding.

     

    (d) Subject
to Section 2.05, at the request of a Swingline Lender, the Lenders of the
applicable Class will be required to make ABR Revolving Loans of the applicable
Class on the Business Day immediately preceding the last day of any calendar
quarter in an aggregate amount equal to the principal amount of such Swingline
Lender’s Swingline Loans of such Class then outstanding, the proceeds of which
shall be applied to repay such Swingline Loans.

     

    (e) Notwithstanding
any other provision of this Agreement, no Borrower shall be entitled to request,
or to elect to convert or continue, any Borrowing if the Interest Period
requested with respect thereto would end after the Maturity Date.

     

    SECTION
2.03  Requests for Revolving
Borrowings.  To request a Revolving Borrowing, the applicable
Borrower shall notify the Administrative Agent (and, in the case of an
Alternative Currency Borrowing, with a copy to the London Administrative Agent)
of such request by telephone (a) in the case of a LIBOR Borrowing denominated in
U.S. Dollars, not later than 11:00 a.m., Local Time, three Business Days before
the date of the proposed Borrowing, (b) in the case of a LIBOR Borrowing
denominated in Sterling or a EURIBOR Borrowing, not later than 11:00 a.m., Local
Time, three Business Days before the date of the proposed Borrowing and (c) in
the case of an ABR Borrowing, not later than 10:00 a.m., Local Time, on the date
of the proposed Borrowing.  Each such telephonic Borrowing Request
shall be irrevocable and shall be confirmed promptly by hand delivery or
telecopy to the applicable Agent of a written Borrowing Request in a form
approved by the Administrative Agent and signed by the applicable
Borrower.  Each such telephonic and written Borrowing Request shall
specify the following information in compliance with Section 2.02:

     

    
      	
              (i)  

            	
              the
      identity of the Borrower in respect of the requested
      Borrowing;

            

    

     

    
      	
              (ii)  

            	
              the
      Class of such Borrowing;

            

    

     

    
      	
              (iii)  

            	
              the
      currency and the aggregate principal amount of such
    Borrowing;

            

    

     

    

    
      
        
          
            

            

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

     

    
      	
              (v)  

            	
              the
      Type of such Borrowing;

            

    

     

    
      	
              (vi)  

            	
              in
      the case of a LIBOR Borrowing or a EURIBOR Borrowing, the initial Interest
      Period to be applicable thereto, which shall be a period contemplated by
      the definition of the term “Interest Period”;
  and

            

    

     

    
      	
              (vii)  

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

            

    

     

    Any
Borrowing Request that shall fail to specify any of the information required by
the preceding provisions of this paragraph may be rejected by the applicable
Agent if such failure is not corrected promptly after such Agent shall give
written or telephonic notice thereof to the applicable Borrower and, if so
rejected, will be of no force or effect.  Promptly following receipt
of a Borrowing Request in accordance with this Section, the applicable Agent
shall advise each Lender that will make a Loan as part of the requested
Borrowing of the details thereof and of the amount of such Lender’s Loan to be
made as part of the requested Borrowing.

     

    SECTION
2.04  Competitive Bid
Procedure.  (a)  Subject to the terms and conditions
set forth herein, from time to time during the Availability Period any Borrower
may request Competitive Bids and may (but shall not have any obligation to)
accept Competitive Bids and borrow Competitive Loans of either Class; provided that the sum
of the total Revolving Credit Exposures of a Class plus the aggregate principal
amount of outstanding Competitive Loans of such Class at any time shall not
exceed the total Commitments of such Class.  To request Competitive
Bids, the applicable Borrower shall notify the applicable Agent of such request
by telephone (x) in the case of a LIBOR Borrowing denominated in U.S. Dollars,
not later than 11:00 a.m., Local Time, four Business Days before the date of the
proposed Borrowing, (y) in the case of a Fixed Rate Borrowing denominated in
U.S. Dollars, not later than 10:00 a.m., Local Time, one Business Day before the
date of the proposed Borrowing and (z) in the case of a Competitive Borrowing to
be made in an Alternative Currency in accordance with subsection (g) of this
Section, not later than 10:00 a.m., Local Time, six Business Days before the
date of the proposed Borrowing; provided that the
Borrowers may submit up to (but not more than) three Competitive Bid Requests on
the same day, but a Competitive Bid Request shall not be made within five
Business Days after the date of any previous Competitive Bid Request, unless any
and all such previous Competitive Bid Requests shall have been withdrawn or all
Competitive Bids received in response thereto rejected.  Each such
telephonic Competitive Bid Request shall be confirmed promptly by hand delivery
or telecopy to the applicable Agent of a written Competitive Bid Request in a
form approved by such Agent and signed by the applicable
Borrower.  Each such telephonic and written Competitive Bid Request
shall specify the following information in compliance with Section
2.02:

     

    
      	
              (i)  

            	
              the
      identity of the Borrower in respect of the requested
      Borrowing;

            

    

     

    

    
      
        
          
            

            

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33

    

    

    
      	
              (ii)  

            	
              whether
      such Borrowing is to be a Borrowing of Tranche A Competitive Loans or
      Tranche B Competitive Loans;

            

    

     

    
      	
              (iii)  

            	
              the
      aggregate principal amount of the requested Borrowing (expressed in U.S.
      Dollars);

            

    

     

    
      	
              (iv)  

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

            

    

     

    
      	
              (v)  

            	
              the
      Type of such Borrowing;

            

    

     

    
      	
              (vi)  

            	
              the
      currency in which the proposed Borrowing is to be made, which shall be
      U.S. Dollars or, subject to paragraph (g) of this Section, an Alternative
      Currency;

            

    

     

    
      	
              (vii)  

            	
              the
      Interest Period to be applicable to such Borrowing, which shall be a
      period contemplated by the definition of the term “Interest Period”;
      and

            

    

     

    
      	
              (viii)  

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

            

    

     

    Promptly
following receipt of a Competitive Bid Request in accordance with this Section,
the applicable Agent shall notify the Lenders of the details thereof by
telecopy, inviting the Lenders to submit Competitive Bids.

     

    (b) Each
Lender of the applicable Class may (but shall not have any obligation to) make
one or more Competitive Bids to the applicable Borrower in response to a
Competitive Bid Request.  Each Competitive Bid by a Lender must be in
a form approved by the applicable Agent and must be received by such Agent by
telecopy, in the case of (i) a LIBOR Competitive Borrowing denominated in U.S.
Dollars, not later than 9:30 a.m., Local Time, three Business Days before the
proposed date of such Competitive Borrowing and (ii) in the case of a Fixed Rate
Borrowing, not later than 9:30 a.m., Local Time, on the proposed date of such
Competitive Borrowing.  Competitive Bids that do not conform
substantially to the form approved by the applicable Agent may be rejected by
such Agent, and such Agent shall notify the applicable Lender as promptly as
practicable.  Each Competitive Bid shall specify (i) the principal
amount (which shall be expressed in U.S. Dollars and be a minimum of
US$5,000,000 and an integral multiple of US$1,000,000 and which may equal the
entire principal amount of the Competitive Borrowing requested by the applicable
Borrower) of the Competitive Loan or Loans that the Lender is willing to make,
(ii) the Competitive Bid Rate or Rates at which the Lender is prepared to make
such Loan or Loans (expressed as a percentage rate per annum in the form of a
decimal to no more than four decimal places), (iii) the currency in which such
Loan or Loans will be made and (iv) the Interest Period applicable to each such
Loan and the last day thereof.

     

    (c) The
applicable Agent shall promptly notify the applicable Borrower by telecopy of
the Competitive Bid Rate and the principal amount specified in each

     

    

    
      
        
          
            

            

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34

    

    

    Competitive
Bid and the identity of the Lender that shall have made such Competitive
Bid.

     

    (d) Subject
only to the provisions of this paragraph, the applicable Borrower may accept or
reject any Competitive Bid.  The applicable Borrower shall notify the
applicable Agent by telephone, confirmed by telecopy in a form approved by such
Agent, whether and to what extent it has decided to accept or reject each
Competitive Bid, (i) in the case of a LIBOR Competitive Borrowing or a EURIBOR
Competitive Borrowing, not later than 10:30 a.m., Local Time, three Business
Days before the date of the proposed Competitive Borrowing and (ii) in the case
of a Fixed Rate Borrowing, not later than 10:30 a.m., Local Time, on the
proposed date of the Competitive Borrowing; provided that (i) the
failure of such Borrower to give such notice shall be deemed to be a rejection
of each Competitive Bid, (ii) such Borrower shall not accept a Competitive Bid
made at a particular Competitive Bid Rate if such Borrower rejects a Competitive
Bid made at a lower Competitive Bid Rate, (iii) the aggregate amount of the
Competitive Bids accepted by such Borrower shall not exceed the aggregate amount
of the requested Competitive Borrowing specified in the related Competitive Bid
Request, (iv) to the extent necessary to comply with clause (iii) above, such
Borrower may accept Competitive Bids at the same Competitive Bid Rate in part,
which acceptance, in the case of multiple Competitive Bids at such Competitive
Bid Rate, shall be made pro rata in accordance with the amount of each such
Competitive Bid, and (v) except pursuant to clause (iv) above, no Competitive
Bid shall be accepted for a Competitive Loan unless such Competitive Loan is in
a minimum principal amount of US$5,000,000 and an integral multiple of
US$1,000,000; provided further that if a
Competitive Loan must be in an amount less than US$5,000,000 because of the
provisions of clause (iv) above, such Competitive Loan may be for a minimum of
US$1,000,000 or any integral multiple thereof, and in calculating the pro rata
allocation of acceptances of portions of multiple Competitive Bids at a
particular Competitive Bid Rate pursuant to clause (iv) the amounts shall be
rounded to integral multiples of US$1,000,000 in a manner determined by such
Borrower.  A notice given by the applicable Borrower pursuant to this
paragraph shall be irrevocable.

     

    (e) The
applicable Agent shall promptly notify each bidding Lender by telecopy whether
or not its Competitive Bid has been accepted (and, if so, the amount and
Competitive Bid Rate so accepted), and each successful bidder will thereupon
become bound, subject to the terms and conditions hereof, to make the
Competitive Loan in respect of which its Competitive Bid has been
accepted.

     

    (f) If an
Agent shall elect to submit a Competitive Bid in its capacity as a Lender, it
shall submit such Competitive Bid directly to the applicable Borrower at least
one quarter of an hour earlier than the time by which the other Lenders are
required to submit their Competitive Bids to the applicable Agent pursuant to
paragraph (b) of this Section.

     

    (g) Any
Borrower may request Competitive Loans in an Alternative Currency, subject to
the terms and conditions of this subsection (g), in addition to the

     

    

    
      
        
          
            

            

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35

    

    

    other
conditions applicable to such Loans hereunder.  Any request for
Competitive Loans in an Alternative Currency shall be subject to the following
conditions:

     

    
      	
              (i)  

            	
              after
      giving effect to any Competitive Borrowing in an Alternative Currency, the
      aggregate Dollar Amount of all outstanding Competitive Loans denominated
      in Alternative Currencies (other than Committed Alternative Currencies)
      shall not exceed US$250,000,000,
and

            

    

     

    
      	
              (ii)  

            	
              if
      there shall occur at or prior to 10:00 a.m., Local Time, on the date of
      any Competitive Borrowing to be denominated in an Alternative Currency any
      change in national or international financial, political or economic
      conditions or currency exchange rates or exchange controls which would, in
      the reasonable opinion of any Lender that shall have offered to make any
      Competitive Loan in connection with such Borrowing, make it impracticable
      for such Lender’s Loan to be denominated in such Alternative Currency,
      then such Lender may by notice to the applicable Borrower and the
      applicable Agent withdraw its offer to make such
  Loan.

            

    

     

    Any
Competitive Loan which is to be made in an Alternative Currency in accordance
with this subsection (g) shall be advanced in the Equivalent Amount of the
Dollar Amount thereof and shall be repaid or prepaid in such Alternative
Currency in the amount borrowed.  Interest payable on any Loan
denominated in an Alternative Currency shall be paid in such Alternative
Currency.

     

    For
purposes of determining whether the aggregate principal amount of Loans
outstanding hereunder exceeds any applicable limitation expressed in U.S.
Dollars, each Competitive Loan denominated in an Alternative Currency shall be
deemed to be in a principal amount equal to the Dollar Amount
thereof.  The Dollar Amount of any Competitive Loan with an Interest
Period exceeding three months in duration shall be adjusted on each date that
would have been the last day of an Interest Period for such Loan if such Loan
had successive Interest Periods of three months duration.  Each such
adjustment shall be made by the Lender holding such Loan by determining the
amount in U.S. Dollars that would be required in order to result in an
Equivalent Amount in the applicable Alternative Currency equal to the principal
amount of the applicable Loan outstanding on the date of the adjustment, and the
amount in U.S. Dollars so determined shall be the Dollar Amount of such Loan
unless and until another adjustment is required hereby.  Each Lender
that makes a Competitive Loan denominated in an Alternative Currency agrees to
determine any such adjustments if and when required to be made pursuant to this
paragraph and to notify the applicable Borrower and the applicable Agent of each
such adjustment promptly upon making such determination.

     

    SECTION
2.05. Swingline
Loans.  (a)  Subject to the terms and conditions set
forth herein, the Swingline Lenders agree to make Swingline Loans denominated in
U.S. Dollars to any Borrower from time to time during the Availability Period,
in an aggregate principal amount at any time outstanding that will not result in
(i) the aggregate principal amount of all outstanding Swingline Loans exceeding
US$150,000,000 or (ii) the sum of the total Revolving Credit Exposures of the
applicable

     

    

    
      
        
          
            

            

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36

      

    

    

    Class
plus the aggregate principal amount of outstanding Competitive Loans of such
Class exceeding the total Commitments of such Class; provided that (A) no
Swingline Loans will be made on the last day of any calendar quarter and (B) if
any Swingline Loans of either Class are outstanding on the Business Day
immediately preceding the last day of any calendar quarter, the Lenders will be
required, if requested by a Swingline Lender, to make ABR Revolving Loans of
such Class on such day in an equivalent amount, the proceeds of which will be
applied to repay such Swingline Loans.  Within the foregoing limits
and subject to the terms and conditions set forth herein, a Borrower may borrow,
prepay and reborrow Swingline Loans.

     

    (b) To
request a Swingline Loan, the applicable Borrower shall notify the
Administrative Agent of such request by telephone (confirmed by telecopy), not
later than 12:00 noon, Local Time, on the day of a proposed Swingline
Loan.  Each such notice shall be irrevocable and shall specify the
requested date (which shall be a Business Day) and amount of the requested
Swingline Loan and whether such Swingline Loan is to be a Tranche A Swingline
Loan or a Tranche B Swingline Loan.  The Administrative Agent will
promptly advise the Swingline Lenders of any such notice received from such
Borrower.  The Swingline Lenders shall make each Swingline Loan
available to the applicable Borrower by means of a credit to the general deposit
account of such Borrower with the Administrative Agent (or, in the case of a
Swingline Loan made to finance the reimbursement of an LC Disbursement as
provided in Section 2.06(e), by remittance to the applicable Issuing Bank) by
3:00 p.m., Local Time, on the requested date of such Swingline
Loan.  Each Swingline Lender shall be required to make available 50%
of each Swingline Loan requested by such Borrower.  No Swingline
Lender shall be required to make available any Swingline Loan if such Loan would
cause the aggregate amount of outstanding Swingline Loans of such Swingline
Lender to exceed US$75,000,000.

     

    (c) A
Swingline Lender may by written notice given to the Administrative Agent not
later than 10:00 a.m., Local Time, on any Business Day (i) require the Tranche A
Lenders to acquire participations on such Business Day in all or a portion of
such Swingline Lender’s Tranche A Swingline Loans outstanding or (ii) require
the Tranche B Lenders to acquire participations on such Business Day in all or a
portion of such Swingline Lender’s Tranche B Swingline Loans
outstanding.  Such notice shall specify the aggregate amount of
Swingline Loans in which the Tranche A Lenders or Tranche B Lenders will
participate.  Promptly upon receipt of such notice, the Administrative
Agent will give notice thereof to each Tranche A Lender or Tranche B Lender, as
the case maybe, specifying in such notice such Lender’s Applicable Percentage of
such Swingline Loan or Loans.  Each Lender hereby absolutely and
unconditionally agrees, upon receipt of notice as provided above, to pay to the
Administrative Agent, for the account of the applicable Swingline Lender, such
Lender’s Applicable Percentage of such Swingline Loan or Loans.  Each
Tranche A Lender and Tranche B Lender acknowledges and agrees that its
obligation to acquire participations in Swingline Loans pursuant to this
paragraph is absolute and unconditional and shall not be affected by any
circumstance whatsoever, including the occurrence and continuance of a Default
or reduction or termination of the Tranche A Commitments or Tranche B
Commitments, and that each such payment shall be made without any offset,
abatement, withholding or reduction whatsoever.  Each Tranche A Lender
and Tranche B Lender shall comply with its obligations under this

     

    

    
      
        
          
            

            

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    paragraph
by wire transfer of immediately available funds, in the same manner as provided
in Section 2.07 with respect to Loans made by such Lender (and Section 2.07
shall apply, mutatis mutandis, to the
payment obligations of the Tranche A Lenders and Tranche B Lenders), and the
Administrative Agent shall promptly pay to the applicable Swingline Lender the
amounts so received by it from the Tranche A Lenders or Tranche B Lenders, as
the case may be.  The Administrative Agent shall notify the Company of
any participations in any Swingline Loan acquired pursuant to this paragraph,
and thereafter payments in respect of such Swingline Loan shall be made to the
Administrative Agent and not to the applicable Swingline Lender.  Any
amounts received by a Swingline Lender from a Borrower (or other party on behalf
of a Borrower) in respect of a Swingline Loan after receipt by such Swingline
Lender of the proceeds of a sale of participations therein shall be promptly
remitted to the Administrative Agent; any such amounts received by the
Administrative Agent shall be promptly remitted by the Administrative Agent to
the Lenders of the applicable Class that shall have made their payments pursuant
to this paragraph and to such Swingline Lender, as their interests may appear;
provided that
any such payment so remitted shall be repaid to such Swingline Lender or to the
Administrative Agent, as applicable, if and to the extent such payment is
required to be refunded to such Borrower for any reason.  The purchase
of participations in a Swingline Loan pursuant to this paragraph shall not
relieve any Borrower of any default in the payment thereof.

     

    SECTION
2.06. Letters of
Credit.  (a)  General.  Upon
the satisfaction (or waiver in accordance with Section 9.02) of the conditions
specified in Section 4.01, on the Effective Date, each Existing Letter of Credit
will automatically, without any action on the part of any Person, be deemed to
be a Tranche A Letter of Credit issued hereunder for the account of the
applicable Borrower that is the account party for such Existing Letter of Credit
for all purposes of this Agreement and the other Loan Documents.  In
addition, subject to the terms and conditions set forth herein, any Borrower may
request the issuance of Letters of Credit for its own account (for its own
behalf or on behalf of any Subsidiary), denominated in U.S. Dollars and in a
form reasonably acceptable to the Administrative Agent and the applicable
Issuing Bank, at any time and from time to time during the Availability
Period.  In the event of any inconsistency between the terms and
conditions of this Agreement and the terms and conditions of any form of letter
of credit application or other agreement submitted by such Borrower to, or
entered into by such Borrower with, any Issuing Bank relating to any Letter of
Credit, the terms and conditions of this Agreement shall control, and any
obligations or liabilities imposed on such Borrower under any such letter of
credit application (including by reason of rights or remedies granted to an
Issuing Bank) shall be disregarded (it being understood that this Agreement sets
forth all obligations and liabilities of such Borrower with respect to Letters
of Credit).

     

    (b) Notice of Issuance,
Amendment, Renewal, Extension; Certain Conditions.  To request
the issuance of a Letter of Credit (or the amendment, renewal or extension of an
outstanding Letter of Credit), the applicable Borrower shall hand deliver or
telecopy (or transmit by electronic communication, if arrangements for doing so
have been approved by the applicable Issuing Bank) to the relevant Issuing Bank
selected by such Borrower to issue such Letter of Credit and the Administrative
Agent (reasonably in

     

    

    
      
        
          
            

            

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    advance
of the requested date of issuance, amendment, renewal or extension) a notice
requesting the issuance of a Letter of Credit, or identifying the Letter of
Credit to be amended, renewed or extended, and specifying the date of issuance,
amendment, renewal or extension (which shall be a Business Day), the date on
which such Letter of Credit is to expire (which shall comply with paragraph (c)
of this Section), the amount of such Letter of Credit, the name and address of
the beneficiary thereof and such other information as shall be necessary to
prepare, amend, renew or extend such Letter of Credit.  In the case of
any such notice requesting the issuance of a Letter of Credit, such notice also
shall specify whether such Letter of Credit is to be a Tranche A Letter of
Credit or a Tranche B Letter of Credit.  If requested by the
applicable Issuing Bank, the applicable Borrower also shall submit a letter of
credit application on such Issuing Bank’s standard form in connection with any
request for a Letter of Credit.  A Letter of Credit shall be issued,
amended, renewed or extended only if (and upon issuance, amendment, renewal or
extension of each Letter of Credit the applicable Borrower shall be deemed to
represent and warrant that), after giving effect to such issuance, amendment,
renewal or extension (i) the LC Exposure shall not exceed US$500,000,000, (ii)
the sum of the total Revolving Credit Exposures of the applicable Class plus the
aggregate principal amount of outstanding Competitive Loans of such Class shall
not exceed the total Commitments of such Class and (iii) the LC Exposure
attributable to the Letters of Credit issued by any Issuing Bank (and its
Affiliates) shall not exceed such Issuing Bank’s LC Commitments.

     

    (c) Expiration
Date.  Except as set forth in Section 2.06(l), each Letter of
Credit shall expire at or prior to the close of business on the earlier of (i)
the date one year after the date of the issuance of such Letter of Credit (or,
in the case of any renewal or extension thereof, one year after such renewal or
extension) and (ii) the date that is five Business Days prior to the Maturity
Date; provided
that any Letter of Credit may provide for the automatic renewal or extension
thereof at the scheduled expiry thereof if (A) such Letter of Credit also
provides that the Issuing Bank in respect thereof may, by notice to the
beneficiary, elect not to so renew or extend such Letter of Credit and (B) any
such renewal or extension shall be for a period that expires at a date that
complies (except as set forth in Section 2.06(l)) with clauses (i) and (ii)
above.

     

    (d) Participations.  By
the issuance of a Letter of Credit of either Class (or an amendment to a Letter
of Credit of either Class increasing the amount thereof) and without any further
action on the part of the applicable Issuing Bank or the Lenders, the Issuing
Bank in respect of such Letter of Credit hereby grants to each Lender of such
Class, and each such Lender hereby acquires from such Issuing Bank, a
participation in such Letter of Credit (including each Existing Letter of
Credit) equal to such Lender’s Applicable Percentage of the aggregate amount
available to be drawn under such Letter of Credit.  In consideration
and in furtherance of the foregoing, each Lender of a Class hereby absolutely
and unconditionally agrees to pay to the Administrative Agent, for the account
of the applicable Issuing Bank, such Lender’s Applicable Percentage of each LC
Disbursement of such Class made by such Issuing Bank and not reimbursed by the
applicable Borrower on the date due as provided in paragraph (e) of this
Section, or of any reimbursement payment required to be refunded to such
Borrower for any reason.  Each Lender acknowledges and agrees that its
obligation to acquire participations

     

    

    
      
        
          
            

            

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    pursuant
to this paragraph in respect of Letters of Credit of the applicable Class is
absolute and unconditional and shall not be affected by any circumstance
whatsoever, including any amendment, renewal or extension of any Letter of
Credit or the occurrence and continuance of a Default or reduction or
termination of the Commitments of either Class, and that each such payment shall
be made without any offset, abatement, withholding or reduction whatsoever;
provided that
the foregoing shall not be construed to excuse the applicable Issuing Bank from
liability to the Lenders for damages caused by such Issuing Bank’s gross
negligence or willful misconduct.

     

    (e) Reimbursement.  If
an Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit,
the applicable Borrower shall reimburse such LC Disbursement by paying to the
Administrative Agent an amount equal to such LC Disbursement not later than
12:00 noon, New York City time, on the date that such LC Disbursement is made,
if such Borrower shall have received notice of such LC Disbursement prior to
10:00 a.m., New York City time, on such date, or, if such notice has not been
received by such Borrower prior to such time on such date, then not later than
12:00 noon, New York City time, on (i) the Business Day that such Borrower
receives such notice, if such notice is received prior to 10:00 a.m., New York
City time, on the day of receipt, or (ii) the Business Day immediately following
the day that such Borrower receives such notice, if such notice is not received
prior to such time on the day of receipt; provided that such
Borrower may, subject to the conditions to borrowing set forth herein, request
in accordance with Section 2.03 or 2.05 that such payment be financed with an
ABR Revolving Borrowing (if such LC Disbursement is not less than US$10,000,000)
or Swingline Loan (if such LC Disbursement is not less than US$500,000) in an
equivalent amount and, to the extent so financed, such Borrower’s obligation to
make such payment shall be discharged and replaced by the resulting ABR
Revolving Borrowing or Swingline Loan, as applicable.  If such
Borrower fails to make such payment when due, the Administrative Agent shall
notify each Lender of the applicable Class of the applicable LC Disbursement,
the payment then due from such Borrower in respect thereof and such Lender’s
Applicable Percentage thereof.  Promptly following receipt of such
notice, each Lender of the applicable Class shall pay to the Administrative
Agent its Applicable Percentage of the payment then due from such Borrower, in
the same manner as provided in Section 2.07 with respect to Loans made by such
Lender (and Section 2.07 shall apply, mutatis mutandis, to the
payment obligations of the Lenders of the applicable Class), and the
Administrative Agent shall promptly pay to the applicable Issuing Bank the
amounts so received by it from the Lenders of the applicable
Class.  Promptly following receipt by the Administrative Agent of any
payment from such Borrower pursuant to this paragraph, the Administrative Agent
shall distribute such payment to the applicable Issuing Bank or, to the extent
that Lenders of the applicable Class have made payments pursuant to this
paragraph to reimburse such Issuing Bank, then to such Lenders and such Issuing
Bank as their interests may appear.  Any payment made by a Lender
pursuant to this paragraph to reimburse the applicable Issuing Bank for any LC
Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan
as contemplated above) shall not constitute a Loan and shall not relieve such
Borrower of its obligation to reimburse such LC Disbursement.

     

    

    
      
        
          
            

            

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

     

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

     

    

    
      
        
          
            

            

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

     

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

     

    (j) Addition of Issuing
Bank.  The Company may, at any time and from time to time with
the consent of the Administrative Agent (which consent shall not be unreasonably
withheld) and such Lender, designate one or more additional Lenders to act as an
issuing bank under the terms of this Agreement.  Any Lender designated
as an Issuing Bank pursuant to this paragraph (j) shall be deemed to be an
“Issuing Bank” for the purposes of this Agreement (in addition to being a
Lender) with respect to Letters of Credit issued by such Lender.

     

    (k) Cash
Collateralization.  If any Event of Default shall occur and be
continuing, on the Business Day that the Company receives notice from the
Administrative Agent or the Required Lenders (or, if the maturity of the Loans
has been accelerated, Lenders with LC Exposure representing greater than 50% of
the total LC Exposure) demanding the deposit of cash collateral pursuant to this
paragraph, each Borrower shall deposit in an account with the Administrative
Agent, in the name of the Administrative Agent and for the benefit of the
Lenders, an amount in cash equal to the LC Exposure as of such date in respect
of Letters of Credit issued for the account of such Borrower plus any accrued
and unpaid interest thereon; provided that the
obligation to deposit such cash collateral shall become effective immediately,
and such deposit shall become immediately due and payable, without demand or
other notice of any kind, upon

     

    

    
      
        

        

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    the
occurrence of any Event of Default with respect to the Company or such Borrower
described in clause (i) or (j) of Section 7.01.  Such deposit shall be
held by the Administrative Agent as collateral for the payment and performance
of the obligations of the Company and such Borrower under the Loan
Documents.  The Administrative Agent shall have exclusive dominion and
control, including the exclusive right of withdrawal, over such
account.  Other than any interest earned on the investment of such
deposits, which investments shall be made at the option and sole discretion of
the Administrative Agent and at the applicable Borrower’s risk and expense, such
deposits shall not bear interest.  Interest or profits, if any, on
such investments shall accumulate in such account.  Moneys received
from a Borrower and deposited in such account shall be applied by the
Administrative Agent to reimburse any Issuing Bank for LC Disbursements in
respect of Letters of Credit issued for such Borrower’s account and for which
such Issuing Bank has not been reimbursed and, to the extent not so applied,
shall be held for the satisfaction of the reimbursement obligations of the such
Borrower for such LC Exposure at such time or, if the maturity of the Loans has
been accelerated (but subject to the consent of Lenders with LC Exposure
representing greater than 50% of the total LC Exposure), be applied to satisfy
other obligations of such Borrower under this Agreement.  If a
Borrower is required to provide an amount of cash collateral hereunder as a
result of the occurrence of an Event of Default, (i) such amount (to the extent
not applied as aforesaid) shall be returned to such Borrower within three
Business Days after all Events of Default have been cured or waived and (ii)
from time to time there shall be returned to such Borrower an amount equal to
the excess, if any, of the amount of cash collateral then held hereunder over
the amount of LC Exposure and accrued and unpaid interest thereon.

     

    (l) Any
Borrower may request that an Issuing Bank allow, and an Issuing Bank may (in its
sole discretion) agree to allow, one or more Letters of Credit issued by it to
expire later than permitted by Section 2.06(c).  Any such Letter of
Credit is referred to herein as an “Extended Letter of
Credit”.  The following provisions shall apply to any Extended
Letter of Credit, notwithstanding any contrary provision set forth in this
Agreement.

     

    
      	
              (i)  

            	
              The
      participations of each Lender in each Extended Letter of Credit shall
      terminate at the close of business on the date that is five Business Days
      prior to the Maturity Date, with the effect that the Lenders shall not
      have any obligations to acquire participations in any LC Disbursement made
      thereafter(other than in respect of demands for drawings submitted prior
      to such termination).

            

    

     

    
      	
              (ii)  

            	
              On
      a date to be determined by the applicable Issuing Bank (in its sole
      discretion), the applicable Borrower shall deposit with such Issuing Bank
      an amount in cash equal to the LC Exposure as of such date attributable to
      the Extended Letters of Credit issued by such Issuing Bank for the account
      of such Borrower.  Each such deposit shall be held by the
      applicable Issuing Bank as collateral for the obligations of such Borrower
      in respect of such Extended Letters of Credit.  The applicable
      Issuing Bank shall have exclusive dominion and control, including the
      exclusive right of withdrawal, over such account.  Other than
      any interest earned on the investment of such deposits,
    which

            

    

     

    

    
      
        
          
            

            

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    investments
shall be made at the option and sole discretion of the applicable Issuing Bank
and at applicable Borrower’s risk and expense, such deposits shall not bear
interest.  Interest or profits, if any, on such investments shall
accumulate in such account.  Moneys in such account shall be applied
by the applicable Issuing Bank to reimburse LC Disbursements in respect of such
Extended Letters of Credit issued for the account of the applicable Borrower for
which such Issuing Bank has not been reimbursed and, to the extent not so
applied, shall be held for the satisfaction of the reimbursement obligations of
such Borrower for the LC Exposure at such time.  If any Extended
Letter of Credit expires or is terminated, then within three Business Days
thereafter the relevant Issuing Bank shall return to such Borrower cash
collateral then held attributable to such Extended Letter of Credit (after
deducting therefrom any amounts owed to such Issuing Bank by such Borrower that
are then due).

     

    
      	
              (iii)  

            	
              After
      the close of business on the date that is five Business Days prior to the
      Maturity Date, the fees that would have accrued pursuant to clause (i) of
      Section 2.12(b) (if the participations of the Lenders in the Extended
      Letters of Credit had not terminated) shall continue to accrue on the LC
      Exposure in respect of each Extended Letter of Credit and shall be payable
      to the applicable Issuing Bank for its own
  account.

            

    

     

    SECTION
2.07. Funding of
Borrowings.  (a)  Each Lender shall make each Loan to
be made by it hereunder on the proposed date thereof (i) in the case of Loans
denominated in U.S. Dollars or Revolving Loans denominated in a Committed
Alternative Currency, by wire transfer of immediately available funds in the
applicable currency by 12:00 noon, Local Time, to the account of the applicable
Agent most recently designated by it for such purpose by notice to the Lenders
or (ii) subject to the provisions of Section 2.04, if such Borrowing is a
Borrowing of Competitive Loans to be made in an Alternative Currency, by making
available the Equivalent Amount of such Alternative Currency (in such funds as
may then be customary for the settlement of international transactions in the
Alternative Currency) by 12:00 noon, local time at the place of payment, to the
account of the applicable Agent at such place as shall have been notified by
such Agent to the Lenders participating in such Borrowing by not less than five
Business Days’ notice; provided that
Swingline Loans shall be made as provided in Section 2.05.  The
applicable Agent will make such Loans available to the applicable Borrower by
promptly crediting the amounts so received, in like funds, to an account of the
such Borrower maintained with such Agent in New York City or London, as
applicable, and designated by such Borrower in the applicable Borrowing Request
or Competitive Bid Request (or, in the case of a Borrowing made in an
Alternative Currency, to an account mutually agreed between such Borrower and
the applicable Agent for funding such Borrowing); provided that (i) ABR
Revolving Loans made to finance the reimbursement of an LC Disbursement as
provided in Section 2.06(e) shall be remitted by the Administrative Agent to the
applicable Issuing Bank and (ii) ABR Revolving Loans made to refinance
outstanding Swingline Loans as provided in Section 2.02(d) shall be remitted by
the Administrative Agent to the applicable Swingline Lender.

     

    

    
      
        
          
            

            

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    (b) Unless an
Agent shall have received notice from a Lender prior to the proposed date of any
Borrowing that such Lender will not make available to such Agent such Lender’s
share of such Borrowing, such Agent may assume that such Lender has made such
share available on such date in accordance with paragraph (a) of this Section
and may, in reliance upon such assumption, make available to the applicable
Borrower a corresponding amount.  In such event, if a Lender has not
in fact made its share of the applicable Borrowing available to the applicable
Agent, then the applicable Lender and the applicable Borrower severally agree to
pay to such Agent forthwith on demand such corresponding amount with interest
thereon, for each day from and including the date such amount is made available
to such Borrower to but excluding the date of payment to such Agent, at (i) in
the case of such Lender, the greater of the Federal Funds Effective Rate and a
rate determined by the applicable Agent in accordance with banking industry
rules on interbank compensation or (ii) in the case of such Borrower, the
interest rate applicable to the Loans included in such Borrowing.  If
such Lender pays such amount to the applicable Agent, then such amount shall
constitute such Lender’s Loan included in such Borrowing.

     

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

     

    (b) To make
an election pursuant to this Section, the applicable Borrower shall notify the
applicable Agent of such election by telephone by the time that a Borrowing
Request would be required under Section 2.03 if such Borrower were requesting a
Revolving Borrowing in the same currency and of the Type resulting from such
election to be made on the effective date of such election.  Each such
telephonic Interest Election Request shall be irrevocable and shall be confirmed
promptly by hand delivery or telecopy to the applicable Agent of a written
Interest Election Request in a form approved by such Agent and signed by the
applicable Borrower.  Without limiting the rights of any Borrower to
repay outstanding Borrowings or to make Borrowings in any currency permitted
hereunder, no Borrower shall be permitted to change the Borrower or currency of
any particular Borrowing once it has been made.

     

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

     

    

    
      
        
          
            

            

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              (i)  

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

            

    

     

    
      	
              (ii)  

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

            

    

     

    
      	
              (iii)  

            	
              the
      Type of the resulting Borrowing;
and

            

    

     

    
      	
              (iv)  

            	
              if
      the resulting Borrowing is to be a LIBOR Borrowing or a EURIBOR Borrowing,
      the Interest Period to be applicable thereto after giving effect to such
      election, which shall be a period contemplated by the definition of the
      term “Interest Period”.

            

    

     

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

     

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

     

    (e) If the
applicable Borrower fails to deliver a timely Interest Election Request (i) with
respect to a LIBOR Revolving Borrowing denominated in U.S. Dollars prior to the
end of the Interest Period applicable thereto, then, unless such Borrowing is
repaid as provided herein, at the end of such Interest Period such Borrowing
shall be converted to an ABR Borrowing or (ii) with respect to a LIBOR Revolving
Borrowing or EURIBOR Revolving Borrower denominated in a Committed Alternative
Currency, then, unless such Borrowing is repaid as provided herein, at the end
of the Interest Period such Borrowing shall be continued as a Borrowing of the
same Type with an Interest Period of one month’s
duration.  Notwithstanding any contrary provision hereof, if an Event
of Default has occurred and is continuing and the applicable Agent, at the
request of the Required Lenders, so notifies the applicable Borrower, then, so
long as an Event of Default is continuing (i) no outstanding Revolving Borrowing
denominated in U.S. Dollars may be converted to or continued as a LIBOR
Borrowing, (ii) unless repaid, each LIBOR Borrowing denominated in U.S. Dollars
shall be converted to an ABR Borrowing at the end of the Interest Period thereto
and (iii) unless repaid, each Revolving Borrowing denominated in a Committed
Alternative Currency shall be continued as a LIBOR Borrowing or a EURIBOR
Borrowing, as the case may be, with an Interest Period of one month’s
duration.

     

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

     

    

    
      
        
          
            

            

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46

    

    

    (b)  The
Company may at any time terminate, or from time to time reduce, the Commitments
of either Class; provided that (i)
each reduction of the Commitments of either Class shall be in an amount that is
an integral multiple of US$5,000,000 and not less than US$10,000,000 and (ii)
the Company shall not terminate or reduce the Commitments of either Class if,
after giving effect to any concurrent prepayment of the Loans in accordance with
Section 2.11, the sum of the Revolving Credit Exposures of such Class plus the
aggregate principal amount of outstanding Competitive Loans of such Class would
exceed the total Commitments of such Class.

     

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

     

    (d) (i)  The
Company may, by delivery of a written request (a “Maturity Date Extension
Request”) to the Administrative Agent (which shall promptly deliver a
copy to each of the Lenders) not less than 30 days and not more than 60 days
prior to the first or second anniversary of the Effective Date, request that the
Lenders extend the Maturity Date for an additional period of one year (the
“Extended Maturity
Date”); provided that there
shall be no more than two extensions of the Maturity Date pursuant to this
Section.  Each Lender shall, by notice to the Company and the
Administrative Agent given not later than the 15th day
after the date of the Administrative Agent’s receipt of the Company’s Maturity
Date Extension Request (or such other date as the Company and the Administrative
Agent may otherwise agree, which may include extensions of any previously
announced date; such date, the “Extension Date”),
advise the Company whether or not it agrees to the requested extension (each
such Lender agreeing to a requested extension being called a “Consenting Lender”,
and each such Lender declining to agree to a requested extension being called a
“Declining
Lender”).  Any Lender that has not so advised the Company and
the Administrative Agent by such Extension Date shall be deemed to have declined
to agree to such extension and shall be a Declining Lender.  If
Lenders holding 662⁄3% of the aggregate Commitments shall have agreed to a
Maturity Date Extension Request by the Extension Date, then the Maturity Date
shall, as to the Consenting Lenders, be extended to the first anniversary of the
Maturity Date theretofore in effect.  The decision to agree or
withhold agreement to any Maturity Date Extension Request shall be at the sole
discretion of each Lender.  The Commitment of any Declining Lender
shall terminate on the Maturity Date in effect prior to giving effect to any
such extension (such Maturity Date being called the “Existing Maturity
Date”).

     

    

    
      
        
          
            

            

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47

    

    

    
      	
              (ii)  

            	
              It
      is understood that the Company shall have the right, pursuant to Section
      2.19(b), at any time prior to the Existing Maturity Date, to replace a
      Declining Lender with a Lender or other financial institution that will
      agree to the applicable Maturity Date Extension Request, and any such
      replacement Lender shall for all purposes constitute a Consenting Lender
      as of the date it agrees to replace such Declining
  Lender.

            

    

     

    
      	
              (iii)  

            	
              Notwithstanding
      the foregoing provisions of this Section 2.09, no extension of the
      Existing Maturity Date shall be effective with respect to any Lender
      unless, on and as of the Extension Date in respect of such extension, the
      conditions set forth in Section 4.02 shall be satisfied (with all
      references in such Section to a Borrowing being deemed to be references to
      such extension) and the Administrative Agent shall have received a
      certificate to that effect, dated as of such Extension Date, and executed
      by a Financial Officer.

            

    

     

    
      	
              (iv)  

            	
              On
      the Existing Maturity Date, if there remain any Declining Lenders and any
      Revolving Loans are outstanding, each Borrower (A) shall prepay all
      Revolving Loans then outstanding (including all accrued but unpaid
      interest thereon) and (B) may, at its option, fund such prepayment by
      simultaneously borrowing Revolving Loans of Class or Classes and the Types
      and for the Interest Periods specified in a Borrowing Request delivered
      pursuant to Section 2.03, which Revolving Loans shall be made by the
      Lenders ratably in accordance with their respective Commitments of the
      applicable Class or Classes (calculated after giving effect to the
      termination of the Commitments of the Declining Lenders).  The
      payments made pursuant to clause (A) above in respect of each LIBOR Loan
      or EURIBOR Loan shall be subject to Section
  2.16.

            

    

     

    SECTION
2.10. Repayment of Loans; Evidence
of Debt.  (a)  Each Borrower hereby unconditionally
promises to pay (i) to the Administrative Agent (and, in the case of an
Alternative Currency Loan, with a copy to the London Administrative Agent) for
the account of each Lender the then unpaid principal amount of each Revolving
Loan of such Lender owing by such Borrower on the Maturity Date, (ii) to the
applicable Agent for the account of each Lender the then unpaid principal amount
of each Competitive Loan owing by such Borrower on the last day of the Interest
Period applicable to such Loan and (iii) to each Swingline Lender the then
unpaid principal amount of each Swingline Loan of such Swingline Lender owing by
such Borrower on the earlier of the Maturity Date and the date that is five
Business Days after such Swingline Loan is made; provided that on each
date that a Revolving Borrowing or Competitive Borrowing (other than a Revolving
Borrowing or Competitive Borrowing denominated in an Alternative Currency) is
made by a Borrower, such Borrower shall repay all Swingline Loans of such
Borrower which were outstanding at the time such Borrowing was
requested.

     

    (b) Each
Lender shall maintain in accordance with its usual practice an account or
accounts evidencing the indebtedness of each Borrower to such
Lender

     

    

    
      
        
          
            

            

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48

    

    

    resulting
from each Loan made by such Lender, including the amounts of principal and
interest payable and paid to such Lender from time to time
hereunder.

     

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

     

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

     

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

     

    SECTION
2.11. Prepayment of
Loans.  (a)  Each Borrower shall have the right at
any time and from time to time to prepay any of its Borrowings in whole or in
part, subject to prior notice in accordance with paragraph (d) of this Section;
provided that
such Borrower shall not have the right to prepay any Competitive Loan without
the prior consent of the Lender thereof.

     

    (b) If, as of
any Revaluation Date, the sum of the total Revolving Credit Exposures of either
Class plus the aggregate principal amount of Competitive Loans of such Class
exceeds 105% of the total Commitments of such Class, then the applicable
Borrowers shall, not later than the date that is four Business Days after the
Company receives notice thereof from the Administrative Agent, prepay one or
more Revolving Borrowings or Swingline Borrowings in an aggregate amount
sufficient to reduce such sum to an amount that does not exceed the total
Commitments of such Class.

     

    (c) Prior to
any optional or mandatory prepayment of Borrowings hereunder, the applicable
Borrower shall select the Borrowing or Borrowings to be prepaid and shall
specify such selection in the notice of such prepayment pursuant to paragraph
(d) of this Section.

     

    

    
      
        
          
            

            

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49

    

    

    (d) The
applicable Borrower shall notify the applicable Agent (and, in the case of
prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by
telecopy) of any prepayment by such Borrower hereunder (i) in the case of
prepayment of a LIBOR Revolving Borrowing or EURIBOR Revolving Borrowing, not
later than 11:00 a.m., Local Time, three Business Days before the date of
prepayment, (ii) in the case of prepayment of an ABR Revolving Borrowing, not
later than 11:00 a.m., Local Time, one Business Day before the date of
prepayment or (iii) in the case of prepayment of a Swingline Loan, not later
than 12:00 noon, Local Time, on the date of prepayment.  Each such
notice shall be irrevocable and shall specify the prepayment date and the
principal amount of each Borrowing or portion thereof to be prepaid; provided that if a
notice of optional prepayment is given in connection with a conditional notice
of termination of the Commitments as contemplated by Section 2.09, then such
notice of prepayment may be revoked if such notice of termination is revoked in
accordance with Section 2.09.  Promptly following receipt of any such
notice relating to a Revolving Borrowing, the applicable Agent shall advise the
participating Lenders of the contents thereof.  Each partial
prepayment of any Revolving Borrowing shall be in an amount that would be
permitted in the case of an advance of a Revolving Borrowing of the same
currency and Type as provided in Section 2.02.  Each prepayment of a
Revolving Borrowing shall be applied ratably to the Loans included in the
prepaid Borrowing.  Prepayments shall be accompanied by accrued
interest to the extent required by Section 2.13.

     

    SECTION
2.12. Fees.  (a)  The
Company agrees to pay to the Administrative Agent, for the account of each
Lender, a facility fee, which shall accrue at the Applicable Rate on the daily
amount of each Commitment of such Lender (whether used or unused) during the
period from and including the Effective Date to but excluding the date on which
such Commitment terminates; provided that if any
Lender continues to have any Revolving Credit Exposure of either Class after its
Commitment of such Class terminates, then such facility fee shall continue to
accrue on the daily amount of such Lender’s Revolving Credit Exposure of such
Class from and including the date on which such Commitment terminates to but
excluding the date on which such Lender ceases to have any Revolving Credit
Exposure.  Accrued facility fees shall be payable in arrears on the
last day of March, June, September and December of each year and on the date on
which the Commitments of such Class terminate, commencing on the first such date
to occur after the date hereof; provided that any
facility fees accruing with respect to a Class after the date on which the
Commitments of such Class terminate shall be payable on demand.  All
facility fees shall be computed on the basis of a year of 360 days and shall be
payable for the actual number of days elapsed (including the first day but
excluding the last day).

     

    (b) Each
Borrower agrees to pay (i) to the Administrative Agent for the account of each
Lender of the applicable Class, a participation fee with respect to its
participations in Letters of Credit of such Class issued for the account of such
Borrower, which shall accrue at the same Applicable Rate as the spread over the
Adjusted LIBO rate applicable to LIBOR Revolving Loans on the average daily
amount of such Lender’s LC Exposure (excluding any portion thereof attributable
to unreimbursed LC Disbursements) attributable to such Letters of Credit during
the period from and

     

    

    
      
        
          
            

            

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50

    

    

    including
the Effective Date to but excluding the later of the date on which such Lender’s
Commitment of the applicable Class terminates and the date on which such Lender
ceases to have any LC Exposure attributable to such Letters of Credit, and (ii)
to each Issuing Bank a fronting fee, which shall accrue at the rate or rates per
annum separately agreed upon between the Company and such Issuing Bank on the
average daily amount of the LC Exposure attributable to such Letters of Credit
issued by such Issuing Bank (excluding any portion thereof attributable to
unreimbursed LC Disbursements) during the period from and including the
Effective Date to but excluding the later of the date of termination of the
Commitments and the date on which there ceases to be any such LC Exposure
attributable to such Letters of Credit, as well as such Issuing Bank’s standard
fees with respect to the issuance, amendment, renewal or extension of any such
Letter of Credit or processing of drawings thereunder.  Participation
fees and fronting fees accrued through and including the last day of March,
June, September and December of each year shall be payable on the third Business
Day following such last day, commencing on the first such date to occur after
the Effective Date; provided that all
such fees with respect to Letters of Credit of a Class shall be payable on the
date on which the Commitments of such Class terminate and any such fees accruing
after the date on which the Commitments of such Class terminate shall be payable
on demand.  Any other fees payable to such Issuing Bank pursuant to
this paragraph shall be payable within 10 days after demand.  All
participation fees and fronting fees shall be computed on the basis of a year of
360 days and shall be payable for the actual number of days elapsed (including
the first day but excluding the last day).

     

    (c) Each
Borrower agrees to pay to the Administrative Agent for the account of each
Lender its Applicable Percentage of a utilization fee that shall accrue at the
Applicable Rate on the daily total amount of such Borrower’s outstanding Loans
(including Competitive Loans and Swingline Loans but excluding Letters of
Credit) during any period in which the total amount of outstanding Loans of all
Borrowers (including Competitive Loans and Swingline Loans but excluding Letters
of Credit) is greater than 50% of the total Commitments; provided that if such
Lender continues to have any Revolving Credit Exposure to such Borrower (other
than pursuant to Section 2.07(l)) after such Lender’s Commitment terminates,
then such utilization fee shall continue to accrue on the daily amount of such
Lender’s Revolving Credit Exposure to such Borrower from and including the date
on which its Commitment terminates to but excluding the date on which such
Lender ceases to have any such Revolving Credit Exposure.  Accrued
utilization fees shall be payable in arrears on the last day of March, June,
September and December of each year and on the date on which the Commitments
terminate, commencing on the first such date to occur after the date hereof;
provided that
any utilization fees accruing after the date on which the Commitments terminate
shall be payable on demand.  All utilization fees shall be computed on
the basis of a year of 360 days and shall be payable for the actual number of
days elapsed (including the first day but excluding the last day).

     

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

     

    

    
      
        
          
            

            

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51

    

    

    (e) All fees
payable hereunder shall be paid in U.S. Dollars on the dates due, in immediately
available funds, to the Administrative Agent (or to the applicable Issuing Bank,
in the case of fees payable to it) for distribution, in the case of facility
fees, participation fees and utilization fees, to the Lenders.  Fees
paid shall not be refundable under any circumstances.

     

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

     

    (b) The Loans
comprising each LIBOR Borrowing shall bear interest (i) in the case of a LIBOR
Revolving Loan, at the Adjusted LIBO Rate for the Interest Period in effect for
such Borrowing plus the Applicable Rate or (ii) in the case of a LIBOR
Competitive Loan, at the LIBO Rate for the Interest Period in effect for such
Borrowing plus (or minus, as applicable) the Margin applicable to such
Loan.

     

    (c) The Loans
comprising each EURIBOR Borrowing shall bear interest (i) in the case of a
EURIBOR Revolving Loan, at the Adjusted EURIBO Rate for the Interest Period in
effect for such Borrowing plus the Applicable Rate or (ii) in the case of a
EURIBOR Competitive Loan, at the Adjusted EURIBO Rate for the Interest Period in
effect for such Borrowing plus (or minus, as applicable) the Margin applicable
to such Loan..

     

    (d) Each
Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such
Loan.

     

    (e) Each
Swingline Loan shall bear interest at the rate then applicable to ABR Loans
pursuant to paragraph (a) of this Section unless the applicable Borrower (or the
Company) and the applicable Swingline Lender shall have agreed in writing that a
different rate shall apply (in which case such different rate shall
apply).

     

    (f) Notwithstanding
the foregoing, if any principal of or interest on any Loan or any fee or other
amount payable by any Borrower hereunder is not paid when due, whether at stated
maturity, upon acceleration or otherwise, such overdue amount shall bear
interest, after as well as before judgment, at a rate per annum equal to (i) in
the case of overdue principal of any Loan, 2% plus the rate otherwise applicable
to such Loan as provided in the preceding paragraphs of this Section, (ii) in
the case of any other amount denominated in U.S. Dollars, 2% plus the rate
applicable to ABR Loans as provided in paragraph (a) of this Section or (iii) in
the case of any other amount denominated in an Alternative Currency, 2% plus (A)
in the event that there is only one LIBOR Borrowing or one EURIBOR Borrowing
outstanding at such time in such Alternative Currency, the rate applicable to
LIBOR Loans or EURIBOR Loans comprising such LIBOR Borrowing or EURIBOR
Borrowing, as the case may be, in such Alternative Currency as provided in
paragraph (b) of this Section, (B) in the event that there are more than one
LIBOR Borrowing or one EURIBOR Borrowing outstanding at such time in such
Alternative Currency, the weighted average of the rates applicable to the LIBOR
Loans or EURIBOR Loans comprising such LIBOR Borrowing or EURIBOR

     

    

    
      
        
          
            

            

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52

    

    

    Borrowing,
as the case may be, in such Alternative Currency as provided in paragraph (b) of
this Section and (C) in the event that there are no LIBOR Borrowings or EURIBOR
Borrowings outstanding at such time, the rate that would be applicable to a
LIBOR Loan or EURIBOR Loan having an Interest Period of one month assuming that
such LIBOR Loan or EURIBOR Loan, as the case may be, were made at such
time.

     

    (g) Accrued
interest on each Loan shall be payable in arrears on each Interest Payment Date
for such Loan and, in the case of Revolving Loans of either Class, upon
termination of the Commitments of such Class; provided that (i)
interest accrued pursuant to paragraph (f) of this Section shall be payable on
demand, (ii) in the event of any repayment or prepayment of any Loan (other than
a prepayment of an ABR Revolving Loan prior to the end of the applicable
Availability Period), accrued interest on the principal amount repaid or prepaid
shall be payable on the date of such repayment or prepayment and (iii) in the
event of any conversion of any LIBOR Revolving Loan or EURIBOR Revolving Loan
prior to the end of the current Interest Period therefor, accrued interest on
such Loan shall be payable on the effective date of such
conversion.  All interest shall be payable in the currency in which
the applicable Loan is denominated.

     

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

     

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

     

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

     

    (b) the
applicable Agent is advised by the Required Lenders (or, in the case of a LIBOR
Competitive Loan or EURIBOR Competitive Loan, the Lender that is required to
make such Loan) that the Adjusted LIBO Rate, the LIBO Rate or the Adjusted
EURIBO Rate, as applicable, for such Interest Period will not adequately and
fairly reflect the cost to such Lenders (or Lender) of making or maintaining
their Loans (or its Loan) included in such Borrowing for such Interest
Period;

     

    then the
applicable Agent shall give notice thereof to the Company and the Lenders by
telephone or telecopy as promptly as practicable thereafter and, until such
Agent notifies the Company and the Lenders that the circumstances giving rise to
such notice no longer

     

    

    
      
        
          
            

            

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53

    

    

    exist,
(i) any Interest Election Request that requests the conversion of any Revolving
Borrowing to, or continuation of any Revolving Borrowing as, a LIBOR Borrowing
or EURIBOR Borrowing, as the case may be, shall be ineffective, (ii) if any
Borrowing Request requests a LIBOR Borrowing denominated in U.S. Dollars, such
Borrowing shall be made as an ABR Borrowing and (iii) any request by the Company
for a LIBOR Competitive Borrowing, EURIBOR Competitive Borrowing or a Revolving
Borrowing in a Committed Alternative Currency shall be ineffective; provided that (A) if
the circumstances giving rise to such notice do not affect all the Lenders, then
requests by any Borrower for LIBOR Competitive Borrowings may be made to Lenders
that are not affected thereby, (B) if the circumstances giving rise to such
notice affect Borrowings of only one Type or currency, then the other Type or
currencies of Borrowings shall be permitted and (C) if the circumstances giving
rise to such notice affect one or more Borrowers but not all Borrowers, then
Borrowings by the unaffected Borrower or Borrowers shall not be affected
thereby.

     

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

     

    
      	
              (i)  

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

            

    

     

    
      	
              (ii)  

            	
              impose
      on any Lender, any Issuing Bank or the London or European interbank market
      any other condition affecting this Agreement or LIBOR Loans, EURIBOR Loans
      or Fixed Rate Loans made by such Lender or any Letter of Credit or
      participation therein;

            

    

     

    and the
result of any of the foregoing shall be to increase the cost to such Lender of
making or maintaining any LIBOR Loan, EURIBOR Loan or Fixed Rate Loan (or of
maintaining its obligation to make any such Loan) or to increase the cost to
such Lender or such Issuing Bank of participating in, issuing or maintaining any
Letter of Credit or to reduce the amount of any sum received or receivable by
such Lender or such Issuing Bank hereunder (whether of principal, interest or
otherwise), then the applicable Borrower or the Company will pay to such Lender
or such Issuing Bank, as the case may be, such additional amount or amounts as
will compensate such Lender or such Issuing Bank, as the case may be, for such
additional costs incurred or reduction suffered.

     

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

     

    

    
      
        
          
            

            

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    time the
applicable Borrower or the Company will pay to such Lender or such Issuing Bank,
as the case may be, such additional amount or amounts as will compensate such
Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding
company for any such reduction suffered.

     

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

     

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

     

    (e) Notwithstanding
the foregoing provisions of this Section, a Lender shall not be entitled to
compensation pursuant to this Section in respect of any Competitive Loan if the
Change in Law that would otherwise entitle it to such compensation shall have
been publicly announced prior to submission of the Competitive Bid pursuant to
which such Loan was made.

     

    SECTION
2.16. Break Funding
Payments.  In the event of (a) the payment of any principal of
any LIBOR Loan, EURIBOR Loan or Fixed Rate Loan other than on the last day of an
Interest Period applicable thereto (including as a result of an Event of
Default), (b) the conversion of any LIBOR Loan or EURIBOR Loan other than on the
last day of the Interest Period applicable thereto, (c) the failure to borrow,
convert, continue or prepay any LIBOR Loan, EURIBOR Loan or Fixed Rate Loan on
the date specified in any notice delivered pursuant hereto (regardless of
whether such notice may be revoked under Section 2.11(b) and is revoked in
accordance therewith), (d) the failure to borrow any Competitive Loan after
accepting the Competitive Bid to make such Loan, or (e) the assignment of any
LIBOR Loan, EURIBOR Loan or Fixed Rate Loan other than on the last day of the
Interest Period applicable thereto as a result of a request by the Company
pursuant to Section 2.19, then, in any such event, the applicable Borrower shall
compensate each affected Lender for the loss, cost and expense attributable to
such event.  In the case of a LIBOR Loan or EURIBOR Loan, such loss,
cost or expense to any Lender shall be deemed to include an amount determined by
such Lender to be the excess, if any, of (i) the amount of interest which would
have accrued on the principal amount of such Loan had such event not occurred,
at the Adjusted LIBO Rate or the

     

    

    
      
        
          
            

            

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    Adjusted
EURIBO Rate, as the case may be, that would have been applicable to such Loan,
for the period from the date of such event to the last day of the then current
Interest Period therefor (or, in the case of a failure to borrow, convert or
continue, for the period that would have been the Interest Period for such
Loan), over (ii) the amount of interest which would accrue on such principal
amount for such period at the interest rate which such Lender would bid were it
to bid, at the commencement of such period, for deposits in the applicable
currency and of a comparable amount and period from other banks in the London or
European interbank market.  A certificate of any Lender setting forth
any amount or amounts that such Lender is entitled to receive pursuant to this
Section shall be delivered to the Company and shall be conclusive absent
manifest error.  The applicable Borrower shall pay such Lender the
amount shown as due on any such certificate within 10 days after receipt
thereof.

     

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

     

    (b) In
addition, each Borrower shall pay any Other Taxes to the relevant Governmental
Authority in accordance with applicable law.

     

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

     

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

     

    

    
      
        
          
            

            

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    (e) Any
Foreign Lender that is entitled to an exemption from or reduction of withholding
tax under the law of the jurisdiction in which any Borrower is located, or any
treaty to which such jurisdiction is a party, with respect to payments under
this Agreement shall deliver to such Borrower (with a copy to the applicable
Agent), at the time or times prescribed by applicable law, such properly
completed and executed documentation prescribed by applicable law or reasonably
requested by such Borrower as will permit such payments to be made without
withholding or at a reduced rate; provided that with
respect to amounts payable by a Foreign Subsidiary Borrower, such Lender has
received written notice from such Foreign Subsidiary Borrower advising it of the
availability of such exemption or reduction and such Foreign Subsidiary Borrower
shall cooperate with such Lender in preparing all applicable
documentation.

     

    (f) The
Company, each Borrower in the United Kingdom and each Lender in the United
Kingdom that is a Foreign Lender also agree to the matters set forth in Schedule
2.17 to this Agreement.

     

    SECTION
2.18. Payments Generally; Pro Rata
Treatment; Sharing of Set-offs.  (a)   Except
for payments required to be made hereunder in a Committed Alternative Currency
in respect of principal of and interest on Revolving Loans denominated in such
currency, or in an Alternative Currency as expressly provided in Section
2.04(g), each Borrower shall make each payment required to be made by it
hereunder (whether of principal, interest, fees or reimbursement of LC
Disbursements, or of amounts payable under Section 2.15, 2.16 or 2.17, or
otherwise) in U.S. Dollars prior to 12:00 noon, Local Time, on the date when
due, in immediately available funds, without set-off or
counterclaim.  All such payments in U.S. Dollars shall be made to the
Administrative Agent at its offices at 270 Park Avenue, New York, New York,
except payments to be made directly to an Issuing Bank or Swingline Lender as
expressly provided herein and except that payments pursuant to Sections 2.15,
2.16, 2.17 and 9.03 shall be made directly to the Persons entitled thereto,
without set-off or counterclaim.  All payments to be made by a
Borrower in an Alternative Currency shall be made in such Alternative Currency
in such funds as may then be customary for the settlement of international
transactions in such Alternative Currency for the account of the London
Administrative Agent at such time and at such place as shall have been notified
by the London Administrative Agent to the applicable Borrower by not less than
four Business Days’ notice.  Any amounts received after the time
required to be received hereunder on any date may, in the discretion of the
applicable Agent, be deemed to have been received on the next succeeding
Business Day for purposes of calculating interest thereon.  The
applicable Agent shall distribute any such payments received by it for the
account of any other Person to the appropriate recipient promptly following
receipt thereof.  If any payment hereunder shall be due on a day that
is not a Business Day, the date for payment shall be extended to the next
succeeding Business Day, and, in the case of any payment accruing interest,
interest thereon shall be payable for the period of such
extension.  All payments under any Loan Document of principal or
interest in respect of any Loan denominated in an Alternative Currency or of any
breakage indemnity in respect of any such Loan shall be made in the currency in
which such Loan is denominated.   All other payments required to
be made by any Loan Party under any Loan Document shall be made in U.S. Dollars
except that any amounts payable under Section 2.15, 2.17 or 9.03

     

    

    
      
        
          
            

            

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    (or any
indemnification or expense reimbursement provision of any other Loan Document)
that are invoiced in a currency other than U.S. Dollars shall be payable in the
currency so invoiced.  Any payment required to be made by an Agent
hereunder shall be deemed to have been made by the time required if such Agent
shall, at or before such time, have taken the necessary steps to make such
payment in accordance with the regulations or operating procedures of the
clearing or settlement system used by such Agent to make such
payment.

     

    (b) If at any
time insufficient funds are received by and available to any Agent to pay fully
all amounts of principal, unreimbursed LC Disbursements, interest and fees then
due hereunder, such funds shall be applied (i) first, towards payment of
interest and fees then due hereunder, ratably among the parties entitled thereto
in accordance with the amounts of interest and fees then due to such parties,
and (ii) second, towards payment of principal and unreimbursed LC Disbursements
then due hereunder, ratably among the parties entitled thereto in accordance
with the amounts of principal and unreimbursed LC Disbursements then due to such
parties; provided that all
funds received by such Agent in an Alternative Currency shall be applied ratably
to the payment of amounts due with respect to Loans denominated in such
Alternative Currency in accordance with the provisions of this paragraph to the
parties entitled thereto in accordance with the amounts then due to such
parties.

     

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

     

    

    
      
        
          
            

            

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    (d) Unless an
Agent shall have received notice from the applicable Borrower prior to the date
on which any payment is due to such Agent for the account of any Lenders or any
Issuing Bank hereunder that such Borrower will not make such payment, such Agent
may assume that such Borrower has made such payment on such date in accordance
herewith and may, in reliance upon such assumption, distribute to the applicable
Lenders or Issuing Bank, as the case may be, the amount due.  In such
event, if such Borrower has not in fact made such payment, then each of the
applicable Lenders or each Issuing Bank, as the case may be, severally agrees to
repay to such Agent forthwith on demand the amount so distributed to such Lender
or such Issuing Bank with interest thereon, for each day from and including the
date such amount is distributed to it to but excluding the date of payment to
such Agent, at the greater of the Federal Funds Effective Rate and a rate
determined by such Agent in accordance with banking industry rules on interbank
compensation.

     

    (e) If any
Lender shall fail to make any payment required to be made by it pursuant to
Section 2.05(c), 2.06(d) or (e), 2.07(b), 2.18(d) or 9.03(c), then the
applicable Agent may, in its discretion (notwithstanding any contrary provision
hereof), apply any amounts thereafter received by such Agent for the account of
such Lender to satisfy such Lender’s obligations under such Sections until all
such unsatisfied obligations are fully paid.

     

    SECTION
2.19. Mitigation Obligations;
Replacement of Lenders.  (a)  If any Lender requests
compensation under Section 2.15, or if any Borrower is required to pay any
additional amount to any Lender or any Governmental Authority for the account of
any Lender pursuant to Section 2.17, then such Lender shall use reasonable
efforts to file any certificate or document reasonably requested by the Company
or designate a different lending office for funding or booking its affected
Loans hereunder or to assign its affected rights and obligations hereunder to
another of its offices, branches or affiliates, if such filing, designation or
assignment (i) would eliminate or reduce amounts payable pursuant to Section
2.15 or 2.17, as the case may be, in the future and (ii) in the judgment of such
Lender, would not subject such Lender to any unreimbursed cost or expense and
would not otherwise be disadvantageous to such Lender.  The Company
hereby agrees to pay all reasonable costs and expenses incurred by any Lender in
connection with any such designation or assignment.

     

    (b) If any
Lender is a Declining Lender in respect of any Maturity Date Extension Request,
or if any Lender requests compensation under Section 2.15, or if any Borrower is
required to pay any additional amount to any Lender or any Governmental
Authority for the account of any Lender pursuant to Section 2.17, or if any
Lender defaults in its obligation to fund Loans hereunder, or if the Company is
entitled to replace a Lender pursuant to Section 9.02(c), then the Company may,
at its sole expense and effort, upon notice to such Lender and the
Administrative Agent, require such Lender to assign and delegate, without
recourse (in accordance with and subject to the restrictions contained in
Section 9.04), all its interests, rights and obligations under this Agreement
(other than in respect of any outstanding Competitive Loans held by it) to an
assignee that shall assume such obligations (which assignee may be another
Lender, if a Lender accepts such assignment); provided that (i) the
Company shall have received the prior

     

    

    
      
        
          
            

            

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    written
consent of the Administrative Agent, which consent shall not be unreasonably
withheld, (ii) such Lender shall have received payment of an amount equal to the
outstanding principal of its Loans (other than Competitive Loans) and
participations in LC Disbursements and Swingline Loans, accrued interest
thereon, accrued fees and all other amounts payable to it hereunder, from the
assignee (to the extent of such outstanding principal and accrued interest and
fees) or the applicable Borrower or the Company (in the case of all other
amounts), (iii) in the case of any such assignment resulting from a claim for
compensation under Section 2.15 or payments required to be made pursuant to
Section 2.17, such assignment will result in a reduction in such compensation or
payments and (iv) in the case of any such assignment resulting from a Lender
being a Declining Lender, the assignee shall have agreed to the applicable
Maturity Date Extension Request; provided further that, in the
case of any such right to require assignment by a Lender that becomes a
Declining Lender, such right shall not apply after the applicable Extension Date
unless the applicable Maturity Date Extension Request shall have become
effective.  A Lender shall not be required to make any such assignment
and delegation if, prior thereto, as a result of a waiver by such Lender or
otherwise, the circumstances entitling the Company to require such assignment
and delegation cease to apply.

     

    SECTION
2.20. Increase in
Commitments.  (a)  The Company may, by written notice
to the Administrative Agent (which shall promptly deliver a copy to each of the
Lenders of the applicable Class), request that the Tranche A Commitments or the
Tranche B Commitments be increased; provided that the
total Commitments shall not be increased by more than US$500,000,000 during the
term of this Agreement pursuant to this Section.  Such notice shall
set forth the amount of the requested increase in the total Commitments, the
Class to be so increased and the date on which such increase is requested to
become effective (which shall be not less than 10 Business Days or more than 60
days after the date of such notice), and shall offer each Lender of such Class
the opportunity to increase its Commitment of such Class by its Applicable
Percentage of the proposed increased amount.  Each Lender shall, by
notice to the Company and the Administrative Agent given not more than 10 days
after the date of the Company’s notice, either agree to increase its Commitment
of the applicable Class by all or a portion of the offered amount (each Lender
so agreeing being an “Increasing Lender”)
or decline to increase its Commitment of the applicable Class (and any Lender
that does not deliver such a notice within such period of 10 days shall be
deemed to have declined to increase its Commitment of such Class).  In
the event that, on the 10th day
after the Company shall have delivered a notice pursuant to the first sentence
of this paragraph, the Lenders of the applicable Class shall have agreed
pursuant to the preceding sentence to increase their Commitments of such Class
by an aggregate amount less than the increase in the total Commitments of such
Class requested by the Company, the Company may arrange for one or more banks or
other financial institutions (any such bank or other financial institution being
called an “Augmenting
Lender”), which may include any Lender, to extend Commitments of such
Class or increase their existing Commitments of such Class in an aggregate
amount equal to the unsubscribed amount; provided that each
Augmenting Lender, if not already a Lender of either Class hereunder, shall be
subject to the approval of the Administrative Agent, each Issuing Bank and each
Swingline Lender (such approvals not to be unreasonably withheld), and the
Company and each

     

    

    
      
        
          
            

            

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    Augmenting
Lender shall execute all such documentation as the Administrative Agent shall
reasonably specify to evidence its Commitment of such Class and/or its status as
a Lender of such Class hereunder.  Any increase in the total
Commitments of either Class may be made in an amount which is less than the
increase requested by the Company if the Company is unable to arrange for, or
chooses not to arrange for, Augmenting Lenders.

     

    (b) On the
effective date (the “Increase Effective
Date”) of any increase in the total Commitments of either Class pursuant
to this Section 2.20 (the “Commitment
Increase”), if any Revolving Loans of such Class are outstanding, then
(unless all Lenders of such Class participate ratably in such Commitment
Increase in accordance with their Commitments of such Class in effect prior to
giving effect to such Commitment Increase) each Borrower (i) shall prepay all
its Revolving Loans of such Class then outstanding (including all accrued but
unpaid interest thereon) and (ii) may, at its option, fund such prepayment by
simultaneously borrowing Revolving Loans of the Types and for the Interest
Periods specified in a Borrowing Request delivered pursuant to Section 2.03,
which Revolving Loans of such Class shall be made by the Lenders of such Class
(including the Increasing Lenders and the Augmenting Lenders, if any) ratably in
accordance with their respective Commitments of such Class (calculated after
giving effect to the Commitment Increase).  The payments made pursuant
to clause (i) above in respect of each LIBOR Loan shall be subject to Section
2.16.

     

    (c) Increases
and new Commitments of either Class created pursuant to this Section 2.20 shall
become effective on the date specified in the notice delivered by the Company
pursuant to the first sentence of paragraph (a) above; provided that the
Company may, with the consent of the Administrative Agent (such consent not to
be unreasonably withheld), extend such date by up to 30 days by delivering
written notice to the Administrative Agent no less than three Business Days
prior to the date specified in the notice delivered by the Company pursuant to
the first sentence of paragraph (a) above.

     

    (d) Notwithstanding
the foregoing, no increase in the total Commitments of either Class (or in the
Commitment of such Class of any Lender of such Class) or addition of an
Augmenting Lender shall become effective under this Section unless (i) on the
date of such increase, the conditions set forth in paragraphs (a) and (b) of
Section 4.02 shall be satisfied and the Administrative Agent shall have received
a certificate to that effect dated such date and executed by a Financial Officer
of the Company, and (ii) the Administrative Agent shall have received (with
sufficient copies for each of the Lenders of such Class) documents consistent
with those delivered on the Effective Date under clauses (c) and (d) of Section
4.01.

     

    SECTION
2.21. Subsidiary
Borrowers.  (a)  The Company may at any time and from
time to time elect that any wholly owned Subsidiary become a Borrower eligible
to borrow Revolving Loans or Swingline Loans, or to have Letters of Credit
issued for its account, by delivering to the Administrative Agent an Election to
Participate with respect to such Subsidiary.  The eligibility of any
Subsidiary Borrower to borrow hereunder, and to have Letters of Credit issued
for its account, shall terminate

     

    

    
      
        
          
            

            

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    when the
Administrative Agent receives an Election to Terminate with respect to such
Subsidiary.  Each Election to Participate delivered to the
Administrative Agent shall be duly executed on behalf of the relevant Subsidiary
and the Company, and each Election to Terminate delivered to the Administrative
Agent shall be duly executed on behalf of the Company, in such number of copies
as the Administrative Agent may request.  The delivery of an Election
to Terminate shall not affect any obligation of the relevant Subsidiary
theretofore incurred.  The Administrative Agent shall promptly give
notice to the Lenders of its receipt of any Election to Participate or Election
to Terminate.

     

    (b) Any
election, notice or other action that may be given or taken by a Subsidiary
Borrower hereunder may be given or taken by the Company on behalf of such
Subsidiary Borrower, and the Administrative Agent and the Lenders shall be
entitled to rely thereon, conclusively, without inquiry, and such election,
notice or other action shall be binding upon such Subsidiary
Borrower.  Each Subsidiary Borrower hereby consents to the foregoing,
and assumes all responsibility for elections, notices or actions hereunder given
or taken on its behalf by the Company.

     

     

    ARTICLE
III

     

    Representations and
Warranties

     

    The
Company represents and warrants to the Lenders
that:

     

    SECTION
3.01.  Organization;
Powers.  Each of the Company and its Subsidiaries is duly
organized, validly existing and in good standing under the laws of the
jurisdiction of its organization, has all requisite power and authority to carry
on its business as now conducted and  is qualified to do business in,
and is in good standing in, every jurisdiction where such qualification is
required, in each case except where the failure to do so, individually or in the
aggregate, would not reasonably be expected to result in a Material Adverse
Effect.

     

    SECTION
3.02.  Authorization;
Enforceability.  The Transactions to be entered into by each
Loan Party are within such Loan Party’s corporate powers and have been duly
authorized by all necessary corporate and, if required, stockholder
action.  This Agreement (or, in the case of a Subsidiary Borrower, its
Election to Participate, as applicable) and any promissory notes issued pursuant
to Section 2.10(e) have been duly executed and delivered by the Company and each
Subsidiary that is a Subsidiary Borrower and constitute, and the Guarantee
Agreement when executed and delivered by any Loan Party that becomes party
thereto will constitute, a legal, valid and binding obligation of the Company,
such Subsidiary Borrower or such Loan Party, as the case may be, enforceable in
accordance with its terms, subject to applicable bankruptcy, insolvency,
reorganization, moratorium or other laws affecting creditors’ rights generally
and subject to general principles of equity, regardless of whether considered in
a proceeding in equity or at law.

     

    

    
      
        
          
            

            

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    SECTION
3.03.  Governmental Approvals; No
Conflicts.  The Transactions (a) do not require any consent or
approval of, registration or filing with, or any other action by, any
Governmental Authority, except such as have been obtained or made and are in
full force and effect, (b) will not violate any applicable law or regulation or
the charter, by-laws or other organizational documents of the Company or any of
its Subsidiaries or any order of any Governmental Authority, (c) will not
violate or result in a default under any indenture, agreement or other
instrument binding upon the Company or any of its Subsidiaries or its assets, or
give rise to a right thereunder to require any payment (other than pursuant to
this Agreement or repayment of amounts owing under the Existing Credit
Agreement) to be made by the Company or any of its Subsidiaries, and (d) will
not result in the creation or imposition of any Lien on any asset of the Company
or any of its Subsidiaries, except, with respect to clauses (b) and (c), any
such violations, defaults and payments which, individually or in the aggregate,
would not reasonably be expected to result in a Material Adverse Effect and
except, with respect to clause (d), any such Liens set forth in Schedule
6.02.

     

    SECTION
3.04.  Financial Condition; No
Material Adverse Change.  (a)  The Company has
heretofore furnished to the Lenders (i) its consolidated balance sheet and
statements of income, stockholder’s equity and cash flows as of and for the
fiscal year ended December 30, 2006, reported on by KPMG LLP, independent public
accountants, and (ii) its condensed consolidated balance sheet as of September
8, 2007, its condensed consolidated statements of income for the 12 week periods
ended September 8, 2007 and September 9, 2006, and its condensed consolidated
statements of cash flows for the 12 week periods ended September 8, 2007 and
September 9, 2006, certified by its Financial Officer.  Such financial
statements present fairly, in all material respects, the financial position and
results of operations and cash flows of the Company and its consolidated
Subsidiaries as of such dates and for such periods in accordance with GAAP,
subject to year-end audit adjustments and the absence of footnotes in the case
of the statements referred to in clause (ii) above.

     

    (b) As of the
Effective Date, there has been no material adverse change in the business,
assets, operations or condition, financial or otherwise, of the Company and its
Subsidiaries, taken as a whole, since December 30, 2006.

     

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

     

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

     

    

    
      
        
          
            

            

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    SECTION
3.06.  Litigation and Environmental
Matters.  (a)  There are no actions, suits or
proceedings (and, to the knowledge of the Company, there are no investigations)
by or before any arbitrator or Governmental Authority pending against or, to the
knowledge of the Company, threatened against or affecting the Company or any of
its Subsidiaries (i) as to which there is a reasonable likelihood of an adverse
determination and that, if adversely determined, would reasonably be expected,
individually or in the aggregate, to result in a Material Adverse Effect (other
than the Disclosed Matters) or (ii) that, other than actions, suits or
proceedings commenced by any Agent or any Lender, involve this Agreement or the
Transactions.

     

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

     

    (c) Since the
date of this Agreement, there has been no change in the status of the Disclosed
Matters that, individually or in the aggregate, has resulted in, or would
reasonably be expected to result in, a Material Adverse Effect.

     

    SECTION
3.07.  Compliance with Laws and
Agreements.  Each of the Company and its Subsidiaries is in
compliance with all laws, regulations and orders of any Governmental Authority
applicable to it or its property and all indentures, agreements and other
instruments binding upon it or its property, except where the failure to do so,
individually or in the aggregate, would not reasonably be expected to result in
a Material Adverse Effect.  No Default has occurred and is
continuing.

     

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

     

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

     

    SECTION
3.10.  ERISA.  No
ERISA Event has occurred or is reasonably expected to occur that, when taken
together with all other such ERISA Events for which liability is reasonably
expected to occur, would reasonably be expected to result in a Material Adverse
Effect.  The present value of all accumulated benefit obligations of
all underfunded Plans (based on the assumptions used for purposes of Statement
of Financial

     

    

    
      
        
          
            

            

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    Accounting
Standards No. 87) did not, as of the date of the most recent financial
statements reflecting such amounts, exceed the fair market value of the assets
of all such underfunded Plans by an amount which, if it were required to be
fully paid, would reasonably be expected to result in a Material Adverse
Effect.

     

    SECTION
3.11.  Disclosure.  The
Company has disclosed to the Lenders all agreements, instruments and corporate
or other restrictions to which it or any of its Subsidiaries is subject (to its
knowledge, in the case of those to which only its Non-Controlled Subsidiaries
are subject), and all other matters known to it, that, individually or in the
aggregate, would reasonably be expected to result in a Material Adverse Effect;
provided that
for purposes of this sentence, any information disclosed in any publicly
available filing made by the Company with the Securities and Exchange Commission
pursuant to the rules and regulations of the Securities and Exchange Commission
shall be considered to have been disclosed to the Lenders.  Except as
set forth in Schedule 3.11, neither the Information Memorandum nor any of the
other reports, financial statements, certificates or other information furnished
by or on behalf of the Company by any of its authorized representatives to the
Administrative Agent or any Lender in connection with the negotiation of this
Agreement or delivered hereunder (as modified or supplemented by other
information so furnished), when taken as a whole, contained, at the time so
furnished, any material misstatement of fact or omitted, at the time so
furnished, to state any material fact necessary to make the statements therein,
in the light of the circumstances under which they were made and the nature and
scope of the report, financial statement, certificate or other information being
furnished, not materially misleading; provided that, with
respect to projected financial information, the Company represents only that
such information was prepared in good faith based upon assumptions believed to
be reasonable at the time.

     

    SECTION
3.12.  Initial
Guarantors.  As of the Effective Date, there are no Principal
Domestic Subsidiaries other than the Initial Guarantors.

     

     

    ARTIVLE
IV

     

    Conditions

     

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

     

    (a) The
Administrative Agent (or its counsel) shall have received from each party hereto
either (i) a counterpart of this Agreement signed on behalf of such party or
(ii) written evidence satisfactory to the Administrative Agent (which may
include telecopy transmission of a signed signature page of this Agreement) that
such party has signed a counterpart of this Agreement.

     

    

    
      
        
          
            

            

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    (b) The
Administrative Agent (or its counsel) shall have received from each of the
Company and the Initial Guarantors either (i) a counterpart of the Guarantee
Agreement signed on behalf of such party or (ii) written evidence satisfactory
to the Administrative Agent (which may include telecopy transmission of a signed
signature page of the Guarantee Agreement) that such party has signed a
counterpart of the Guarantee Agreement.

     

    (c) The
Administrative Agent shall have received a favorable written opinion (addressed
to the Administrative Agent and the Lenders and dated the Effective Date) of
each of Mayer Brown LLP and R. Scott Toop, Esq., counsel for the Loan Parties,
substantially in the form of Exhibits C-1 and C-2, respectively, and covering
such other matters relating to the Loan Parties, the Loan Documents or the
Transactions as the Required Lenders shall reasonably request.  The
Company hereby requests such counsel to deliver such opinions.

     

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

     

    (e) The
Administrative Agent shall have received a certificate, dated the Effective Date
and signed by the President, a Vice President or a Financial Officer of the
Company, solely in his capacity as such and not individually, confirming
compliance with the conditions set forth in paragraphs (a) and (b) of Section
4.02.

     

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

     

    (g) All
outstanding loans, accrued and unpaid interest thereon and accrued an unpaid
fees and other amounts accrued and owing under the Existing Credit Agreement
shall be paid in full (without prejudice to any Borrower’s right to borrow
hereunder in order to finance such payment) and all commitments under the
Existing Credit Agreement (except those that are continuing as Commitments
hereunder) shall have been terminated.

     

    (h) To the
extent requested, the Lenders shall have received all
documentation and other information required by bank regulatory authorities
under applicable “know your customer” and anti-money laundering rules and
regulations, including information required under the Act.

     

    The
Administrative Agent shall notify the Company and the Lenders of the Effective
Date, and such notice shall be conclusive and
binding.  Notwithstanding the foregoing, the amendment and restatement
of the Existing Credit Agreement and the obligations of

     

    

    
      
        
          
            

            

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    the
Lenders to make Loans and of the Issuing Banks to issue Letters of Credit
hereunder shall not become effective unless each of the foregoing conditions is
satisfied (or waived pursuant to Section 9.02) at or prior to 3:00 p.m., New
York City time, on December 14, 2007 (and, in the event such conditions are not
so satisfied or waived, the Commitments shall terminate at such
time).

     

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

     

    (a) The
representations and warranties of the Company set forth in this Agreement shall
be true and correct (or, in the case of any representation or warranty not
qualified as to materiality, true and correct in all material respects) on and
as of the date of such Borrowing or the date of issuance, amendment, renewal or
extension of such Letter of Credit, as applicable, except to the extent that any
such representations and warranties expressly relate to an earlier date in which
case any such representations and warranties shall be true and correct (or, in
the case of any such representation or warranty not qualified as to materiality,
true and correct in all material respects) at and as of such earlier
date.

     

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

     

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

     

    SECTION
4.03.  Borrowings by Subsidiary
Borrowers; Letters of Credit for Subsidiary Borrowers.  The
obligation of each Lender to make the initial Loan to any Subsidiary Borrower,
and of each Issuing Bank to issue, amend, renew or extend any Letter of Credit
on the first occasion for the account of any Subsidiary Borrower, is subject to
the satisfaction of the following further conditions (in addition to the
applicable conditions set forth in Section 4.02):

     

    (a) If
reasonably requested by the Administrative Agent, the Administrative Agent shall
have received a favorable written opinion (addressed to the Administrative Agent
and the Lenders) of one or more counsel for such Subsidiary Borrower, reasonably
acceptable to the Administrative Agent, in a form reasonably acceptable to the
Administrative Agent.

     

    (b) The
Administrative Agent shall have received such documents and certificates as the
Administrative Agent or its counsel may reasonably request relating to the
organization, existence and good standing of such Subsidiary Borrower, its
authorization to be a Subsidiary Borrower hereunder and any other

     

    

    
      
        
          
            

            

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    legal
matters relating to such Subsidiary Borrower or its status as a Subsidiary
Borrower, all in form and substance reasonably satisfactory to the
Administrative Agent and its counsel.

     

    (c) The
Administrative Agent and each Lender shall have received notice of an Election
to Participate at least 10 Business Days prior to the date on which such initial
Loan is to be made to such Subsidiary Borrower or such Letter of Credit is to be
issued, amended, renewed or extended for the account of such Subsidiary
Borrower.

     

     

    ARTICLE
V

     

    Affirmative
Covenants

     

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

     

    SECTION
5.01.  Financial Statements and
Other Information.  The Company will furnish to the
Administrative Agent (with sufficient copies for each Lender):

     

    (a) within 90
days after the end of each fiscal year of the Company, its audited consolidated
balance sheet and related statements of operations, stockholders’ equity and
cash flows as of the end of and for such year, setting forth in each case in
comparative form the figures for the previous fiscal year, all reported on by
KPMG LLP or other independent public accountants of recognized national standing
(without a “going concern” or like qualification or exception and without any
qualification or exception as to the scope of such audit) to the effect that
such consolidated financial statements present fairly in all material respects
the financial condition and results of operations of the Company and its
consolidated Subsidiaries on a consolidated basis in accordance with GAAP
(identifying in an explanatory paragraph any material accounting changes); provided that
delivery of the Company’s form 10-K containing the information required to be
contained therein pursuant to the rules and regulations of the Securities and
Exchange Commission, including the financial statements described above reported
on by KPMG LLP or other independent public accountants of recognized national
standing (without a “going concern” or like qualification or exception and
without any qualification or exception as to the scope of such audit), shall be
deemed to satisfy the requirements of this clause (a);

     

    (b) within 45
days after the end of each of the first three fiscal quarters of each fiscal
year of the Company, its condensed consolidated balance sheet and related
statements of operations, stockholders’ equity and cash flows as of the end of
and for such fiscal quarter and the then elapsed portion of the fiscal year,
setting forth in each case in comparative form the figures for the corresponding
period or periods of (or, in the

     

    

    
      
        
          
            

            

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    case of
the balance sheet, as of the end of) the previous fiscal year, all certified by
one of its Financial Officers as presenting fairly in all material respects the
financial condition and results of operations of the Company and its
consolidated Subsidiaries on a consolidated basis in accordance with GAAP
consistently applied, subject to normal year-end audit adjustments and the
absence of footnotes; provided that
delivery of the Company’s Form 10-Q, containing the information required to be
contained therein pursuant to the rules and regulations of the Securities and
Exchange Commission, together with the certificate of a Financial Officer as
described above, shall be deemed to satisfy the requirements of this clause
(b);

     

    (c) concurrently
with any delivery of financial statements under clause (a) or (b) above, a
certificate of a Financial Officer of the Company (i) certifying as to whether a
Default has occurred and, if a Default has occurred, specifying the details
thereof and any action taken or proposed to be taken with respect thereto, (ii)
setting forth reasonably detailed calculations demonstrating compliance with
Sections 6.01, 6.09 and 6.10 (including any adjustments necessary to reflect the
existence of any Excluded Subsidiaries) and (iii) stating whether any material
change in GAAP or in the application thereof has occurred since the date of the
audited financial statements referred to in Section 3.04 and, if any such change
has occurred, specifying the effect of such change on the financial statements
accompanying such certificate;

     

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

     

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

     

    (f) promptly
following any request therefor, such other information regarding the operations,
business affairs and financial condition of the Company or any Subsidiary, or
compliance with the terms of this Agreement, as the Administrative Agent or any
Lender may reasonably request; provided that any
request by a Lender for any information pursuant to this clause (f) shall be
made through the Administrative Agent.

     

    Any
financial statement, report, proxy statement or other material required to be
delivered pursuant to clause (a), (b) or (e) of this Section shall be deemed to
have been furnished to the Administrative Agent and each Lender on the date that
the Company notifies the Administrative Agent that such financial statement,
report, proxy statement or other material is posted on the Securities and
Exchange Commission’s website at www.sec.gov; provided that the
Administrative Agent will promptly inform the Lenders of any such notification
by the Company; provided further that, the
Company will furnish

     

    

    
      
        
          
            

            

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    paper
copies of such financial statement, report, proxy statement or material to the
Administrative Agent or any Lender that requests, by notice to the Company, that
the Company do so, until the Company receives notice from the Administrative
Agent or such Lender, as applicable, to cease delivering such paper
copies.

     

    SECTION
5.02.  Notices of Material
Events.  The Company will furnish to the Administrative Agent
written notice of any of the following promptly after a Financial Officer or
other executive officer of the Company becomes aware thereof:

     

    (a) the
occurrence of any Default;

     

    (b) the
filing or commencement of any action, suit or proceeding by or before any
arbitrator or Governmental Authority against or affecting the Company or any
Affiliate thereof that, if adversely determined, would reasonably be expected to
result in a Material Adverse Effect;

     

    (c) the
occurrence of any ERISA Event that, alone or together with any other ERISA
Events that have occurred, could reasonably be expected to result in liability
of the Company and its Subsidiaries in an aggregate amount exceeding
US$100,000,000; and

     

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

     

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

     

    SECTION
5.03.  Existence; Conduct of
Business.  The Company will, and will cause each of its
Subsidiaries to, do or cause to be done all things necessary to preserve, renew
and keep in full force and effect its legal existence and the rights, licenses,
permits, privileges and franchises material to the conduct of the business of
the Company and its Subsidiaries on a consolidated basis; provided that the
foregoing shall not prohibit any merger, consolidation, liquidation, dissolution
or sale of assets permitted under Section 6.03.

     

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

     

    

    
      
        
          
            

            

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    SECTION
5.05.  Maintenance of Properties;
Insurance.  The Company will, and will cause each of its
Subsidiaries to, (a) keep and maintain all property material to the conduct of
their business on a consolidated basis in good working order and condition,
ordinary wear and tear excepted, and (b) maintain, with financially sound and
reputable insurance companies (or pursuant to self-insurance arrangements that
are consistent with those used by other companies that are similarly situated),
insurance in such amounts and against such risks as are customarily maintained
by companies engaged in the same or similar businesses operating in the same or
similar locations.

     

    SECTION
5.06.  Books
and Records; Inspection Rights.  The Company will, and will
cause each of its Subsidiaries to, keep proper books of record and account in
which full, true and correct entries are made of all dealings and transactions
in relation to its business and activities.  The Company will, and
will cause each of its Subsidiaries to, permit any representatives designated by
the Administrative Agent or any Lender, upon reasonable prior notice, to visit
and inspect its properties, to examine and make extracts from its books and
records, and to discuss its affairs, finances and condition with its officers
and independent accountants, all during normal business hours; provided that in the
case of any Lender, unless an Event of Default has occurred and is continuing,
the Company shall not be required to permit any such visits by such Lender or
its representatives pursuant to this Section more than once during any calendar
year (and the Lenders will exercise reasonable efforts to coordinate such visits
through the Administrative Agent).

     

    SECTION
5.07.  Compliance with
Laws.  The Company will, and will cause each of its
Subsidiaries to, comply with all laws, rules, regulations and orders of any
Governmental Authority applicable to it or its property, except where the
failure to do so, individually or in the aggregate, would not reasonably be
expected to result in a Material Adverse Effect.

     

    SECTION
5.08.  Use
of Proceeds and Letters of Credit.  The proceeds of all Loans
will be used only for general corporate purposes, including
acquisitions.  No part of the proceeds of any Loan will be used,
whether directly or indirectly, for any purpose that entails a violation of any
of the Regulations of the Board, including Regulations U and
X.  Letters of Credit will be issued only for general corporate
purposes.

     

    SECTION
5.09.  Principal Domestic
Subsidiaries.  Promptly after any Subsidiary (including any
Subsidiary formed or acquired after the date of execution and delivery of this
Agreement) that is not a Guarantor becomes a Principal Domestic Subsidiary, the
Company will cause such Subsidiary to enter into the Guarantee Agreement and
become a Guarantor as provided in the Guarantee Agreement; provided that (a) the
foregoing shall not apply to any Securitization Subsidiary and (b) this Section
shall not apply after all the Guarantees (other than the Guarantee of the
Company) under the Guarantee Agreement have been released and terminated
pursuant to Section 11 thereof.

     

    

    
      
        
          
            

            

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    ARTICLE
VI

     

    Negative
Covenants

     

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

     

    SECTION
6.01.  Subsidiary
Indebtedness.  The Company will not permit the aggregate
principal amount of Indebtedness of its Domestic Subsidiaries (excluding (a) any
Indebtedness of a Domestic Subsidiary owed to the Company or another Domestic
Subsidiary, (b) any Indebtedness of a Guarantor, so long as its Guarantee under
the Guarantee Agreement remains in effect, (c) any Indebtedness of a
Securitization Subsidiary that is included in calculating the Securitization
Amount, (d) any Guarantee by a Domestic Subsidiary of Indebtedness of a Foreign
Subsidiary, if the assets of such Domestic Subsidiary consist solely of
investments in Foreign Subsidiaries and a de minimis amount of other assets, (e)
Indebtedness existing as of the Effective Date and set forth on Schedule 6.01
and (f) Indebtedness of Subsidiary Borrowers in respect of Loans and Letters of
Credit under this Agreement, but including (except as provided in clause (d)
above) any Guarantee by a Domestic Subsidiary (other than a Guarantor) of
Indebtedness of any other Person, including the Company, a Guarantor or a
Foreign Subsidiary) at any time to exceed US$200,000,000.

     

    SECTION
6.02.  Liens.  The
Company will not, and will not permit any Subsidiary to, create, incur, assume
or permit to exist any Lien on any property or asset now owned or hereafter
acquired by it, or assign or sell any income or revenues (including accounts
receivable) or rights in respect of any thereof, except:

     

    (a) Permitted
Encumbrances;

     

    (b) any Lien
on any property or asset of the Company or any Domestic Subsidiary existing on
the date hereof; provided that (i)
such Lien shall not apply to any other property or asset of the Company or any
Subsidiary and (ii) such Lien shall secure only those obligations which it
secures on the date hereof and refinancings, extensions, renewals and
replacements thereof that do not increase the outstanding principal amount
thereof; provided further that, any
such Lien securing obligations in excess of US$2,000,000 shall not be permitted
under this clause (b) unless such Lien is set forth in Schedule
6.02;

     

    (c) any Lien
existing on any property or asset prior to the acquisition thereof by the
Company or any Subsidiary or existing on any property or asset of any Person
that becomes a Subsidiary after the date hereof prior to the time such Person
becomes a Subsidiary; provided that (i)
such Lien is not created in contemplation of or in connection with such
acquisition or such Person becoming a Subsidiary, as the case may be, (ii) such
Lien shall not apply to any other property or assets of the Company or any
Subsidiary and (iii) such Lien shall secure only those obligations which it
secures on the

     

    

    
      
        
          
            

            

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    date of
such acquisition or the date such Person becomes a Subsidiary, as the case may
be and extensions, renewals and replacements thereof that do not increase the
outstanding principal amount thereof;

     

    (d) Liens on
fixed or capital assets (including equipment) hereafter acquired, constructed or
improved by the Company or any Subsidiary; provided that (i)
such security interests secure Indebtedness incurred to finance the acquisition,
construction or improvement of such fixed or capital assets, (ii) such security
interests and the Indebtedness secured thereby are incurred prior to or within
90 days after such acquisition or the completion of such construction or
improvement, (iii) the Indebtedness secured thereby does not exceed 90% of the
cost of acquiring, constructing or improving such fixed or capital
assets  and (iv) such security interests shall not apply to any other
property or assets of the Company or any Subsidiary;

     

    (e) Liens
securing Capital Lease Obligations arising out of Sale and Lease-Back
Transactions; provided that (i)
such Sale and Lease-Back Transaction is consummated within 90 days after the
purchase by the Company or a Subsidiary of the property or assets which are the
subject of such Sale and Lease-Back Transaction and (ii) such Liens do not at
any time encumber any property or assets other than the property or assets that
are the subject of such Sale and Lease-Back Transaction;

     

    (f) any Lien
on any property or asset of any Subsidiary securing obligations in favor of the
Company or any other Subsidiary;

     

    (g) any Lien
on any property or asset of any Foreign Subsidiary securing obligations of any
Foreign Subsidiary; and

     

    (h) Permitted
Securitization Transactions, Liens arising in connection with any Permitted
Securitization Transaction and other Liens not otherwise permitted by the
foregoing clauses of this Section; provided that the
Lien Basket Amount shall not at any time exceed 15% of the Consolidated Net
Tangible Assets of the Company.

     

    SECTION
6.03.  Fundamental
Changes.  (a)  The Company will not, and will not
permit any Subsidiary to, merge into or consolidate with any other Person, or
permit any other Person to merge into or consolidate with it, or sell, transfer,
lease or otherwise dispose of (in one transaction or in a series of
transactions) all or substantially all of the assets of the Company and the
Subsidiaries (taken as a whole), or liquidate or dissolve, except that, if at
the time thereof and immediately after giving effect thereto no Event of Default
shall have occurred and be continuing and no Default shall result therefrom (i)
any Person may merge into the Company in a transaction in which the Company is
the surviving corporation, (ii) any Person may merge with any Subsidiary in a
transaction in which the surviving entity is a Subsidiary, (iii) any Subsidiary
(other than a Borrower) may liquidate or dissolve if the Company determines in
good faith that such liquidation or dissolution is in the best interests of the
Company and is not materially disadvantageous to the Lenders and (iv) this
Section shall not be construed to restrict Permitted Securitization
Transactions; provided that for
purposes of this Section 6.03,

     

    

    
      
        
          
            

            

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    one or
more Refranchising Transactions shall not constitute the sale, transfer or
disposition of all or substantially all of the assets of the Company and the
Subsidiaries.

     

    (b) A
substantial majority of the business engaged in by the Company and its
Subsidiaries will continue to be businesses of the type conducted by the Company
and its Subsidiaries on the Effective Date and businesses reasonably related
thereto; provided that the
foregoing shall not be construed to restrict the conduct of businesses that are
limited to serving the Company and its Subsidiaries and their respective
franchisees and licensees, such as the creation of Subsidiaries to conduct
insurance or inventory purchasing activities for the Company and its
Subsidiaries and their respective franchisees and licensees.

     

    SECTION
6.04.  [Intentionally omitted.]

     

    SECTION
6.05.  Hedging
Agreements.  The Company will not, and will not permit any of
its Subsidiaries to, enter into any Hedging Agreement or commodity price
protection agreement or other commodity price hedging arrangement, other than
Hedging Agreements, commodity price protection agreements and other commodity
price hedging arrangements entered into in the ordinary course of business to
hedge or mitigate risks to which the Company or any Subsidiary is exposed in the
conduct of its business or the management of its liabilities.

     

    SECTION
6.06.  [Intentionally
omitted.]

     

    SECTION
6.07.  Transactions with
Affiliates.  The Company will not, and will not permit any of
its Subsidiaries to, sell, lease or otherwise transfer any property or assets
to, or purchase, lease or otherwise acquire any property or assets from, or
otherwise engage in any other transactions with, any of its then Affiliates,
except (a) in the ordinary course of business for consideration and on terms and
conditions not less favorable to the Company or such Subsidiary than could be
obtained on an arm’s-length basis from unrelated third parties (including
pursuant to joint venture agreements entered into after the Effective Date with
third parties that are not Affiliates), (b) transactions between or among the
Company and its wholly owned Subsidiaries or between or among wholly owned
Subsidiaries, in each case not involving any other Affiliate, (c) the Company
may declare and pay dividends with respect to its capital stock payable solely
in additional shares of its capital stock, (d) the Company and its Subsidiaries
may make Equity Payments in respect of any of their respective Equity Interests,
or pursuant to or in accordance with stock option plans or employee benefit
plans for management or employees of the Company and its Subsidiaries and (e)
the foregoing shall not prevent the Company or any Subsidiary from performing
its obligations under agreements existing on the date hereof between the Company
or any of its Subsidiaries and any joint venture of the Company or any of its
Subsidiaries in accordance with the terms of such agreements as in effect on the
date hereof or pursuant to amendments or modifications to any such agreements
that are not adverse to the interests of the Lenders.

     

    SECTION
6.08.  Issuances of Equity
Interests by Principal Domestic Subsidiaries.  The Company will
not permit any Principal Domestic Subsidiary to issue

     

    

    
      
        
          
            

            

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    any
additional Equity Interest in such Principal Domestic Subsidiary other than (a)
to the Company, (b) to another Subsidiary in which the Company owns, directly or
indirectly, a percentage interest not less than the percentage interest owned in
the Principal Domestic Subsidiary issuing such Equity Interest, (c) any such
issuance that does not reduce the Company’s direct or indirect percentage
ownership interest in such Principal Domestic Subsidiary and (d) issuances of
Equity Interests after the date hereof which are not otherwise permitted by the
foregoing clauses of this Section, provided that the
aggregate consideration received therefor (net of all consideration paid in
connection with all repurchases or redemptions thereof) does not exceed
US$100,000,000 during the term of this Agreement.

     

    SECTION
6.09.  Leverage
Ratio.  The Company will not permit the Leverage Ratio as of
any date to exceed 2.75 to 1.0.

     

    SECTION
6.10.  Fixed
Charge Coverage Ratio.  The Company will not permit the Fixed
Charge Coverage Ratio for any period of four consecutive fiscal quarters ending
after the Effective Date to be less than 1.40 to 1.00.

     

    SECTION
6.11.  Sale
and Lease-Back Transactions.  The Company will not, and will
not permit any of its Domestic Subsidiaries to, enter into any arrangement,
directly or indirectly, whereby it shall sell or transfer any property, real or
personal, used or useful in its business, whether now owned or hereinafter
acquired, and thereafter rent or lease such property or other property that it
intends to use for substantially the same purpose or purposes as the property
sold or transferred (a “Sale and Lease-Back
Transaction”), except (a) any Sale and Lease-Back Transaction consummated
within 90 days after the purchase by the Company or a Domestic Subsidiary of the
property or assets (other than assets acquired pursuant to any Permitted
Acquisition) which are the subject of such Sale and Lease-Back Transaction and
(b) other Sale and Lease-Back Transactions; provided that any
Sale and Lease-Back Transaction permitted by clause (b) above shall be subject
to compliance with the limitation set forth in the proviso to clause (h) of
Section 6.02.

     

    SECTION
6.12.  Ownership of Subsidiary
Borrowers.  The Company will not permit a Subsidiary Borrower
to cease to be a direct or indirect wholly owned subsidiary (other than to the
extent of director’s qualifying shares) of the Company, unless an Election to
Terminate shall have been delivered with respect to such Subsidiary Borrower and
all obligations of such Subsidiary Borrower in respect of Loans made to it have
been repaid and there is no remaining Revolving Credit Exposure to such
Subsidiary Borrower.

     

     

    ARTICLE
VII

     

    Events of
Default

     

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

     

    

    
      
        
          
            

            

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

     

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

     

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

     

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

     

    (e) any
Borrower shall fail to observe or perform any covenant, condition or agreement
contained in this Agreement (other than those specified in clause (a), (b) or
(d) of this Article), and such failure shall continue unremedied for a period of
30 days after notice thereof from the Administrative Agent to the Company (which
notice will be given at the request of any Lender);

     

    (f) the
Company or any Subsidiary shall fail to make any payment (whether of principal
or interest and regardless of amount) in respect of any Material Indebtedness,
when and as the same shall become due and payable;

     

    (g) any event
or condition occurs that results in any Material Indebtedness becoming due prior
to its scheduled maturity; provided that this
clause (g) shall not apply to (i) Indebtedness that becomes due as a result of
the voluntary sale or transfer of property or assets by the Company or a
Subsidiary or (ii) any amount that becomes due under a Hedging Agreement as a
result of the termination thereof, other than a termination by the applicable
counterparty attributable to an event or condition that constitutes or is in the
nature of an event of default in respect of the Company or a
Subsidiary;

     

    (h) [Intentionally
omitted];

     

    (i) subject
to Section 7.02, an involuntary proceeding shall be commenced or an involuntary
petition shall be filed seeking (i) liquidation, reorganization or other relief
in respect of the Company or any Subsidiary or its debts, or of a substantial
part of its assets, under any Federal, state or foreign bankruptcy, insolvency,
receivership or similar law now or hereafter in effect or (ii) the appointment
of a receiver, trustee, custodian, sequestrator, conservator or similar official
for the Company or any

     

    

    
      
        
          
            

            

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    Subsidiary
or for a substantial part of its assets, and, in any such case, such proceeding
or petition shall continue undismissed for 60 days or an order or decree
approving or ordering any of the foregoing shall be entered;

     

    (j) subject
to Section 7.02, the Company or any Subsidiary shall (i) voluntarily commence
any proceeding or file any petition seeking liquidation, reorganization or other
relief under any Federal, state or foreign bankruptcy, insolvency, receivership
or similar law now or hereafter in effect, (ii) consent to the institution of,
or fail to contest in a timely and appropriate manner, any proceeding or
petition described in clause (h) of this Article, (iii) apply for or consent to
the appointment of a receiver, trustee, custodian, sequestrator, conservator or
similar official for the Company  or any Subsidiary or for a
substantial part of its assets, (iv) file an answer admitting the material
allegations of a petition filed against it in any such proceeding, (v) make a
general assignment for the benefit of creditors or (vi) take any action for the
purpose of effecting any of the foregoing;

     

    (k) subject
to Section 7.02, the Company or any Subsidiary shall become unable, admit in
writing its inability or fail generally to pay its debts as they become
due;

     

    (l) subject
to Section 7.02, one or more judgments for the payment of money in an aggregate
amount in excess of US$100,000,000 (excluding amounts believed in good faith by
the Company to be covered by insurance from financially sound insurance
companies) shall be rendered against the Company, any Subsidiary or any
combination thereof and the same shall remain undischarged for a period of 30
consecutive days during which execution shall not be effectively stayed, or any
action shall be legally taken by a judgment creditor to attach or levy upon any
assets of the Company or any Subsidiary to enforce any such
judgment;

     

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

     

    (n) a Change
in Control shall occur; or

     

    (o) any
Guarantee by any Guarantor under the Guarantee Agreement shall be determined by
a court of competent jurisdiction, or shall be asserted by a Borrower or a
Guarantor, to be unenforceable, or any Guarantor shall fail to observe or
perform any material covenant, condition or agreement contained in the Guarantee
Agreement; provided that the
foregoing shall not apply with respect to the termination of any or all the
Guarantees (other than the Guarantee of the Company) under the Guarantee
Agreement pursuant to Section 11 thereof or Section 9.02(b) hereof;

     

    then, and
in every such event (other than an event with respect to any Borrower described
in clause (i) or (j) of this Article), and at any time thereafter during the
continuance of such event, the Administrative Agent may, and at the request of
the Required Lenders shall, by notice to the Company, take any or all of the
following actions, at the same or different times:  (i) terminate the
Commitments, and thereupon the Commitments shall

     

    

    
      
        
          
            

            

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    terminate
immediately, (ii) declare the Loans then outstanding to be due and payable in
whole (or in part, in which case any principal not so declared to be due and
payable may thereafter be declared to be due and payable), and thereupon the
principal of the Loans so declared to be due and payable, together with accrued
interest thereon and all fees and other obligations of the Company and the
Subsidiary Borrowers accrued hereunder, shall become due and payable
immediately, without presentment, demand, protest or other notice of any kind,
all of which are hereby waived by the Company and the Subsidiary Borrowers, and
(iii) enforce its rights under the Guarantee Agreement on behalf of the Lenders
and the Issuing Banks; and in case of any event with respect to any Borrower
described in clause (i) or (j) of this Article, the Commitments shall
automatically terminate and the principal of the Loans then outstanding,
together with accrued interest thereon and all fees and other obligations of the
Borrowers accrued hereunder, shall automatically become due and payable, without
presentment, demand, protest or other notice of any kind, all of which are
hereby waived by the Borrowers.

     

    SECTION
7.02.  Exclusion of Immaterial
Subsidiaries.  Solely for purposes of determining whether a
Default has occurred under clause (i), (j), (k) or (l) of Section 7.01, any
reference in any such clause to any “Subsidiary” shall be deemed not to include
any Subsidiary affected by any event or circumstance referred to in any such
clause that (a) is not a Principal Domestic Subsidiary or a Subsidiary Borrower,
(b) does not have consolidated assets accounting for more than 3% of the
consolidated assets of the Company and its Subsidiaries, (c) did not, for the
most recent period of four consecutive fiscal quarters, have consolidated
revenues accounting for more than 3% of the consolidated revenues of the Company
and its Subsidiaries and (d) did not, for the most recent period of four
consecutive fiscal quarters, have Consolidated EBITDAR in an amount exceeding 3%
of the Company’s Consolidated EBITDAR for such period; provided that if it
is necessary to exclude more than one Subsidiary from clause (i), (j), (k) and
(l) of Section 7.01 pursuant to this Section in order to avoid a Default
thereunder, all excluded Subsidiaries shall be considered to be a single
consolidated Subsidiary for purposes of determining whether the conditions
specified in clauses (b), (c) and (d) above are satisfied.

     

     

    ARTICLE
VIII

     

    The
Agents

     

    Each of
the Lenders and the Issuing Banks hereby irrevocably appoints the Administrative
Agent as its agent and authorizes the Administrative Agent, and each of the
Lenders also hereby irrevocably appoints the London Administrative Agent as its
sub-agent and authorizes the London Administrative Agent, to take such actions
on its behalf and to exercise such powers as are delegated to the Administrative
Agent and the London Administrative Agent by the terms of the Loan Documents,
together with such actions and powers as are reasonably incidental
thereto.

     

    

    
      
        
          
            

            

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    The bank
serving as an Agent hereunder shall have the same rights and powers in its
capacity as a Lender as any other Lender and may exercise the same as though it
were not such Agent, and such bank and its Affiliates may accept deposits from,
lend money to and generally engage in any kind of business with the Company or
any Subsidiary or other Affiliate thereof as if it were not an Agent
hereunder.

     

    The bank
serving as an Agent shall not have any duties or obligations except those
expressly set forth in the Loan Documents.  Without limiting the
generality of the foregoing, (a) such Agent shall not be subject to any
fiduciary or other implied duties, regardless of whether a Default has occurred
and is continuing, (b) such Agent shall not have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary
rights and powers expressly contemplated by the Loan Documents that such Agent
is required to exercise in writing by the Required Lenders (or such other number
or percentage of the Lenders as shall be necessary under the circumstances as
provided in Section 9.02), and (c) except as expressly set forth in the Loan
Documents, such Agent shall not have any duty to disclose, and shall not be
liable for the failure to disclose, any information relating to the Company or
any of its Subsidiaries that is communicated to or obtained by the bank serving
as such Agent or any of its Affiliates in any capacity.  An Agent
shall not be liable for any action taken or not taken by it with the consent or
at the request of the Required Lenders (or such other number or percentage of
the Lenders as shall be necessary under the circumstances as provided in Section
9.02) or in the absence of its own gross negligence or wilful
misconduct.  An Agent shall be deemed not to have knowledge of any
Default unless and until written notice thereof is given to such Agent by a
Borrower or a Lender, and such Agent shall not be responsible for or have any
duty to ascertain or inquire into (i) any statement, warranty or representation
made in or in connection with any Loan Document, (ii) the contents of any
certificate, report or other document delivered thereunder or in connection
therewith, (iii) the performance or observance of any of the covenants,
agreements or other terms or conditions set forth in any Loan Document, (iv) the
validity, enforceability, effectiveness or genuineness of any Loan Document or
any other agreement, instrument or document, or (v) the satisfaction of any
condition set forth in Article IV or elsewhere in any Loan Document, other than
to confirm receipt of items expressly required to be delivered to such
Agent.

     

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

     

    An Agent
may perform any and all its duties and exercise its rights and powers by or
through any one or more sub-agents appointed by such Agent.  Such
Agent and any such sub-agent may perform any and all its duties and exercise its
rights and

     

    

    
      
        
          
            

            

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    powers
through their respective Related Parties.  The exculpatory provisions
of the preceding paragraphs shall apply to any such sub-agent and to the Related
Parties of (i) the Administrative Agent and any such sub-agent and (ii) the
London Administrative Agent and any sub-agent, and shall apply to their
respective activities in connection with the syndication of the credit
facilities provided for herein as well as activities as Administrative Agent and
as London Administrative Agent, respectively.

     

    Subject
to the appointment and acceptance of a successor Administrative Agent or
successor London Administrative Agent, as the case may be, as provided in this
paragraph, an Agent may resign at any time by notifying the Lenders, the Issuing
Banks, the Company and the other Agent.  Upon any such resignation,
the Required Lenders shall have the right, with the consent of the
Company  (which consent shall not be unreasonably withheld, and shall
not be required so long as any Event of Default set forth in clause (i) or (j)
of Section 7.01 has occurred and is continuing) and the other Agent (which
consent shall not be unreasonably withheld), to appoint a
successor.  If no successor shall have been so appointed by the
Required Lenders and shall have accepted such appointment within 30 days after
the retiring Agent gives notice of its resignation, then such retiring Agent
may, on behalf of the Lenders and the Issuing Banks, appoint a successor Agent
which shall be (i) a bank with an office in New York, New York, or an Affiliate
of any such bank, for the successor Administrative Agent and (ii) a bank with an
office in London, United Kingdom, or an Affiliate of any such bank, for the
successor London Administrative Agent.  Upon the acceptance of its
appointment as Administrative Agent or London Administrative Agent hereunder by
a successor, such successor shall succeed to and become vested with all the
rights, powers, privileges and duties of the retiring Agent, and the retiring
Agent shall be discharged from its duties and obligations
hereunder.  The fees payable by the Company or any Subsidiary Borrower
to a successor Agent shall be the same as those payable to its predecessor
unless otherwise agreed between the Company and such successor.  After
an Agent’s resignation hereunder, the provisions of this Article and Section
9.03 shall continue in effect for the benefit of such retiring Agent, its
sub-agents and their respective Related Parties in respect of any actions taken
or omitted to be taken by any of them while it was acting as Agent.

     

    Each
Lender acknowledges that it has, independently and without reliance upon either
Agent or any other Lender and based on such documents and information as it has
deemed appropriate, made its own credit analysis and decision to enter into this
Agreement.  Each Lender also acknowledges that it will, independently
and without reliance upon either Agent or any other Lender and based on such
documents and information as it shall from time to time deem appropriate,
continue to make its own decisions in taking or not taking action under or based
upon this Agreement, any other Loan Document or related agreement or any
document furnished hereunder or thereunder.

     

    Each
party hereto agrees and acknowledges that the Syndication Agent and the
Arrangers do not have any duties or responsibilities in their capacities as
Syndication Agents and Arrangers, respectively, hereunder and shall not have, or
become subject to, any liability hereunder in such capacities.

     

    

    
      
        
          
            

            

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    ARTICLE
IX

     

    Miscellaneous

     

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

     

    

      
        	
                 
      (i)    

              	
                if
      to the Company or any Subsidiary Borrower, to it at Yum! Brands, Inc.,
      P.O. Box 32070, Louisville, KY 40232, (or, in the case of overnight
      packages, 1900 Colonel Sanders Lane, Louisville, KY 40213-1963), Attention
      of Tim Jerzyk, Senior Vice President and Treasurer (Telecopy No. (502)
      874-2410);

              

      

       

    

    
      	
              (iii)  

            	
              if
      to JPMorgan Chase Bank, N.A. as Issuing Bank, to it at Loan and Agency
      Services Group, 10420 Highland Manor Drive, 4th
      Floor, Tampa, FL

               

              33647,
      Attention of Vera Kostic (Telecopy No. (813)
  432-6350);

            

    

     

    
      	
              (iv)  

            	
              if
      to Citibank, N.A. as Issuing Bank, to it at Citibank, NA, 2 Penns Way,
      Suite 110, New Castle, DE 19720, Attention of Alex Iannelli (Telecopy No.
      (212) 994-0847);

            

    

     

    
      	
              (vi)  

            	
              if
      to Citibank, N.A. as a Swingline Lender, to it at Citibank, NA, 2 Penns
      Way, Suite 110, New Castle, DE 19720, Attention of Alex Iannelli (Telecopy
      No. (212) 994-0847));

            

    

     

    
      	
              (vii)  

            	
              if
      to the London Administrative Agent, to J.P. Morgan Europe Ltd, Agency
      Department, 125 London Wall, London, EC2Y 5AJ, England, Attention of Steve
      Clarke Agency Department (Telecopy No. 44 (0) 207 777 2360);
      and

            

    

     

    
      	
              (viii)  

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

            

    

     

    (b) Notices
and other communications to the Lenders hereunder may be delivered or furnished
by electronic communications pursuant to procedures approved by the
Administrative Agent and the Company; provided that the
foregoing shall not apply to notices pursuant to Article II
unless otherwise agreed by the applicable Agent, the 

     

    

    
      
        
          
            

            

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    Company
and the applicable Lenders.  The Administrative Agent, the London
Administrative Agent, the Company or any Subsidiary Borrower may, in its
discretion, agree to accept notices and other communications to it hereunder by
electronic communications pursuant to procedures approved by it; provided that
approval of such procedures may be limited to particular notices or
communications.

     

    (c) Any party
hereto may change its address or telecopy number for notices and other
communications hereunder by notice to the other parties hereto.  All
notices and other communications given to any party hereto in accordance with
the provisions of this Agreement shall be deemed to have been given on the date
of receipt.

     

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

     

    (b) Neither
this Agreement nor any other Loan Document nor any provision thereof may be
waived, amended or modified except, in the case of this Agreement, pursuant to
an agreement or agreements in writing entered into by the Company, the
Subsidiary Borrowers and the Required Lenders or, in the case of any other Loan
Document, pursuant to an agreement or agreements in writing entered into by the
Administrative Agent and the Loan Party or Loan Parties that are parties
thereto, in each case with the consent of the Required Lenders; provided that no such
agreement shall (i) increase the Commitment of any Lender without the written
consent of such Lender, (ii) reduce the principal amount of any Loan or LC
Disbursement or reduce the rate of interest thereon, or reduce any fees payable
hereunder, without the written consent of each Lender affected thereby, (iii)
postpone the scheduled date of payment of the principal amount of any Loan (or
the date of any payment required pursuant to Section 2.11(b)) or LC
Disbursement, or any interest thereon, or any fees payable hereunder, or reduce
the amount of, waive or excuse any such payment, or postpone the scheduled date
of expiration of any Commitment, without the written consent of each Lender
affected thereby, (iv) change Section 2.18(b) or (c) in a manner that would
alter the pro rata sharing of payments required thereby or release or limit the
Company’s Guarantee under the Guarantee Agreement, in each case without the
written consent of each Lender, or (v) change any of the provisions of this
Section or the definition of “Required Lenders”

     

    

    
      
        
          
            

            

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    or any
other provision of any Loan Document specifying the number or percentage of
Lenders required to waive, amend or modify any rights thereunder or make any
determination or grant any consent thereunder, without the written consent of
each Lender; provided further that, (i) no
such agreement shall amend, modify or otherwise affect the rights or duties of
any Agent, an Issuing Bank or a Swingline Lender hereunder without the prior
written consent of such Agent, such Issuing Bank or such Swingline Lender, as
the case may be and (ii) any waiver, amendment or modification of this Agreement
or any other Loan Document that by its terms affects the rights or duties under
this Agreement of one Class (but not of both Classes) may be effected by an
agreement or agreements in writing entered into by the Company and requisite
percentage in interest of the affected Lenders under the applicable
Class.

     

    (c) If, in
connection with any proposed waiver, amendment or modification of this Agreement
or any other Loan Document or any provision hereof or thereof, the consent of
one or more of the Lenders whose consent is required is not obtained, then the
Company  shall have the right to replace each such non-consenting
Lender with one or more assignees pursuant to Section 2.19(b); provided that at the
time of such replacement, each such assignee consents to the proposed waiver,
amendment or modification.

     

    (d) Notwithstanding
anything in paragraph (b) of this Section to the contrary, this Agreement and
the other Loan Documents may be amended at any time and from time to time to
establish one or more new Classes (a “New Class”) of
revolving credit commitments to be made available to any or all of the
Borrowers, by an agreement in writing entered into by the Company, the
Administrative Agent and each Person (including any Lender) that shall agree to
provide any portion of such New Class of revolving credit commitments so
established (but without the consent of any other Lender), and each Person that
shall not already be a Lender shall, at the time the agreement becomes
effective, become a Lender with the same effect as if it had originally been a
Lender under this Agreement with the commitments set forth in such agreement;
provided that
the establishment of a New Class shall not result in the aggregate amount of the
sum of the Commitments plus the commitments under such New Class exceeding the
aggregate amount of the Commitments outstanding immediately prior to the
establishment of such New Class; provided further that, any
Person that is Lender immediately prior to the establishment of such New Class
and that wishes to participate as a Lender in such New Class may, with the
consent of both the Company and the Administrative Agent (in each such case,
such consent not to be unreasonably withheld or delayed), reduce the existing
Commitment of such Lender, on a dollar-for-dollar basis, by the aggregate amount
of such Lender’s commitment under such New Class.  Any such agreement
shall amend the provisions of this Agreement and the other Loan Documents to set
forth the terms of each New Class of revolving credit commitments established
thereby (including the amount and final maturity thereof (which shall not be
earlier than the Maturity Date), the interest to accrue and be payable thereon
and any fees to be payable in respect thereof) and to effect such other changes
(including changes to the provisions of this Section, Section 2.17 and the
definition of “Required Lenders”) as the Company and the Administrative Agent
shall deem necessary or advisable in connection with the establishment of any
such New Class of revolving credit commitments;

     

    

    
      
        
          
            

            

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    provided, however, that no such
agreement shall (i) effect any changes described in any of clauses (i), (ii),
(iii) or (iv) of paragraph (b) of this Section without the consent of each
Person required to consent to such change under such clause (it being agreed,
however, that the establishment of any New Class of revolving credit commitments
will not, of itself, be deemed to effect any of the changes described in clauses
(iv) or (v) of such paragraph (b)), or (ii) establish any covenant, Event of
Default or remedy that by its terms benefits one or more Classes, but not all
Classes, of Loans or Borrowing without the prior written consent of Lenders
holding a majority in interest of the Loans and Commitments of each Class not so
benefited.  The loans, commitments and borrowings of any New Class
established pursuant to this paragraph shall constitute Loans, Commitments and
Borrowings under, and shall be entitled to all the benefits afforded by, this
Agreement and the other Loan Documents and shall, without limiting the
foregoing, benefit equally and ratably from the Guarantee by the Company and the
Guarantees by the Subsidiary Guarantors under the Guarantee
Agreement.  The Company shall take any actions reasonably required by
the Administrative Agent to ensure and/or demonstrate that the Guarantee by the
Company and the Guarantees by the Subsidiary Guarantors under the Guarantee
Agreement continue to be in full force and effect after the establishment of any
New Class of revolving credit commitments.

     

    SECTION
9.03  Expenses; Indemnity; Damage
Waiver.  (a)  The Company shall pay (i) all
reasonable out-of-pocket expenses incurred by the Administrative Agent, the
London Administrative Agent, the Arrangers and their respective Affiliates,
including the reasonable fees, charges and disbursements of Cravath, Swaine
& Moore LLP, counsel for the Agents and the Arrangers, in connection with
the syndication of the credit facilities provided for herein, the preparation
and administration of the Loan Documents or any amendments, modifications or
waivers of the provisions thereof (whether or not the transactions contemplated
hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket
expenses incurred by any Issuing Bank in connection with the issuance,
amendment, renewal or extension of any Letter of Credit or any demand for
payment thereunder and (iii) all out-of-pocket expenses incurred by either
Agent, any Issuing Bank or any Lender, including the fees, charges and
disbursements of any counsel for the Agents, any Issuing Bank or any Lender, in
connection with the enforcement or protection of its rights in connection with
the Loan Documents, including its rights under this Section, or in connection
with the Loans made or Letters of Credit issued hereunder, including all such
out-of-pocket expenses incurred during  any workout, restructuring or
negotiations in respect of such Loans or Letters of Credit.

     

    (b) The
Company shall indemnify either Agent, the Syndication Agent, each Arranger, any
Issuing Bank and each Lender, and each Related Party of any of the foregoing
Persons (each such Person being called an “Indemnitee”) against,
and hold each Indemnitee harmless from, any and all losses, claims, damages,
liabilities and related expenses, including the fees, charges and disbursements
of any counsel for any Indemnitee, incurred by or asserted against any
Indemnitee arising out of, in connection with, or as a result of (i) the
execution or delivery of any Loan Document or any other agreement or instrument
contemplated hereby, the performance by the parties to the Loan Documents of
their respective obligations thereunder or the consummation of the

     

    

    
      
        
          
            

            

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    Transactions
or any other transactions contemplated hereby, (ii) any Loan or Letter of Credit
or the use of the proceeds therefrom (including any refusal by any Issuing Bank
to honor a demand for payment under a Letter of Credit if the documents
presented in connection with such demand do not strictly comply with the terms
of such Letter of Credit), (iii) any actual or alleged presence or Release of
Hazardous Materials on or from any property owned or operated by the Company or
any of its Subsidiaries, or any Environmental Liability related in any way to
the Company or any of its Subsidiaries, or (iv) any actual or prospective claim,
litigation, investigation or proceeding relating to any of the foregoing,
whether based on contract, tort or any other theory and regardless of whether
any Indemnitee is a party thereto; provided that such
indemnity shall not, as to any Indemnitee, be available (i) to the extent that
such losses, claims, damages, liabilities or related expenses are determined by
a court of competent jurisdiction by final and nonappealable judgment to have
resulted from the gross negligence or wilful misconduct of such Indemnitee (it
being understood that, for purposes of this clause, each of an Arranger, an
Agent or a Lender, on the one hand, and their respective officers, directors,
employees, agents and controlling persons, on the other hand, shall be
considered to be a single party seeking indemnification) or (ii) with respect to
any amounts paid pursuant to any settlement made by such Indemnitee without the
consent of the Company, which consent shall not be unreasonably
withheld.

     

    (c) To the
extent that the Company fails to pay any amount required to be paid by it to an
Agent, an Issuing Bank or a Swingline Lender under paragraph (a) or (b) of this
Section, each Lender severally agrees to pay to such Agent, such Issuing Bank or
such Swingline Lender, as the case may be, such Lender’s Applicable Percentage
(determined as of the time that the applicable unreimbursed expense or indemnity
payment is sought) of such unpaid amount; provided that the
unreimbursed expense or indemnified loss, claim, damage, liability or related
expense, as the case may be (i) was incurred by or asserted against such Agent,
such Issuing Bank or such Swingline Lender in its capacity as such and (ii) in
respect of Extended Letters of Credit issued under Section 2.06(l), was incurred
at or prior to the close of business on the date that is five Business Days
prior to the Maturity Date.  Any payment by a Lender hereunder shall
not relieve the Company of its liability in respect thereof.

     

    (d) To the
extent permitted by applicable law, each of the Company and the Subsidiary
Borrowers shall not assert, and hereby waives, any claim against any Indemnitee,
on any theory of liability, for special, indirect, consequential or punitive
damages (as opposed to direct or actual damages) arising out of, in connection
with, or as a result of, this Agreement or any agreement or instrument
contemplated hereby, the Transactions, any Loan or Letter of Credit or the use
of the proceeds thereof.

     

    (e) All
amounts due under this Section shall be payable promptly after written demand
therefor.

     

    SECTION
9.04.  Successors and
Assigns.  (a)  The provisions of this Agreement shall
be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns permitted hereby (including any Affiliate of
any Issuing Bank that issues any Letter of Credit), except that (i) neither the
Company nor

     

    

    
      
        
          
            

            

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    any
Subsidiary Borrower may assign or otherwise transfer any of their rights or
obligations hereunder without the prior written consent of each Lender (and any
attempted assignment or transfer by the Company or any Subsidiary Borrower
without such consent shall be null and void) and (ii) no Lender may assign or
otherwise transfer its rights or obligations hereunder except in accordance with
this Section.  Nothing in this Agreement, expressed or implied, shall
be construed to confer upon any Person (other than the parties hereto, their
respective successors and assigns permitted hereby (including any Affiliate of
any Issuing Bank that issues any Letter of Credit), Participants (to the extent
provided in paragraph (c) of this Section) and, to the extent expressly
contemplated hereby, the Related Parties of each Agent, the Issuing Banks and
the Lenders) any legal or equitable right, remedy or claim under or by reason of
this Agreement.

     

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

     

    (A) the
Company; provided that no
consent of the Company  shall be required for an assignment to a
Lender, an Affiliate of a Lender, an Approved Fund (as defined below) with
respect to a Lender or, if an Event of Default has occurred and is continuing,
any other assignee;

     

    (B) the
Administrative Agent; provided that no
consent of the Administrative Agent shall be required for an assignment to an
assignee that is (i) a Lender immediately prior to giving effect to such
assignment, (ii) an Affiliate of any such Lender or (iii) an Approved Fund with
respect to such Lender; and

     

    (C) each
Issuing Bank.

     

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

     

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

     

    (B) each
partial assignment shall be made as an assignment of a proportionate part of all
the assigning Lender’s rights and obligations under this Agreement; provided that (x)
this clause shall not apply to rights in respect of outstanding Competitive
Loans and (y) this clause shall not be construed to

     

    

    
      
        
          
            

            

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    prevent
an assignment of a proportionate part of all the assigning Lender’s rights and
obligations in respect of one Class;

     

    (C) the
parties to each assignment shall execute and deliver to the Administrative Agent
an Assignment and Assumption, together with a processing and recordation fee of
US$3,500;

     

    (D) the
assignee, if it shall not be a Lender, shall deliver to the Administrative Agent
an Administrative Questionnaire; and

     

    (E) in the
case of an assignment by a Lender to a CLO (as defined below) administered or
managed by such Lender or by an Affiliate of such Lender, the assigning Lender
may retain the sole right to approve any amendment, modification or waiver of
any provision of this Agreement, provided that the
Assignment and Assumption between such Lender and such CLO may provide that such
Lender will not, without the consent of such CLO, agree to any amendment,
modification or waiver described in the first proviso to Section 9.02(b) that
affects such CLO.

     

    For
purposes of this Section 9.04(b), the terms “Approved Fund” and “CLO” have the
following meanings:

     

    “Approved Fund” means,
with respect to any Lender, (a) a CLO administered or managed by such Lender or
an Affiliate of such Lender and (b) with respect to any Lender that is a fund
which invests in bank loans and similar extensions of credit, any other fund
that invests in bank loans and similar extensions of credit and is managed by
the same investment advisor as such Lender or by an Affiliate of such investment
advisor.

     

    “CLO” means any entity
(whether a corporation, partnership, trust or otherwise) that is engaged in
making, purchasing, holding or otherwise investing in bank loans and similar
extensions of credit in the ordinary course of its business and is administered
or managed by a Lender or an Affiliate of such Lender.

     

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

     

    

    
      
        
          
            

            

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    participation
in such rights and obligations in accordance with paragraph (c) of this
Section.

     

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

     

    (v) Upon its
receipt of a duly completed Assignment and Assumption executed by an assigning
Lender and an assignee, the assignee’s completed Administrative Questionnaire
(unless the assignee shall already be a Lender hereunder), the processing and
recordation fee referred to in paragraph (b) of this Section and any written
consent to such assignment required by paragraph (b) of this Section, the
Administrative Agent shall accept such Assignment and Assumption and record the
information contained therein in the Register.  No assignment shall be
effective for purposes of this Agreement unless it has been recorded in the
Register as provided in this paragraph.

     

    (c) (i)  Any
Lender may, without the consent of any Borrower, any Agent, any Issuing Bank or
any Swingline Lender, sell participations to one or more banks or other entities
(a “Participant”) in all
or a portion of such Lender’s rights and obligations under this Agreement
(including all or a portion of its Commitment or Commitments and the Loans owing
to it); provided that (A)
such Lender’s obligations under this Agreement shall remain unchanged, (B) such
Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations and (C) the Company, the Subsidiary Borrowers,
the Agents, the Issuing Banks 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 the Loan Documents and to approve
any amendment, modification or waiver of any provision of the 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, modification or waiver
described in the first proviso to Section 9.02(b) that affects such
Participant.  Subject to paragraph (c)(ii) of this Section, each of
the Company and the Subsidiary Borrowers agree that each Participant shall be
entitled to the benefits of Sections 2.15, 2.16 and 2.17 to the same extent as
if it were a Lender and had acquired its interest by assignment pursuant to
paragraph (b) of this Section.  To the extent permitted by law, each
Participant also shall be entitled to the benefits of

     

    

    
      
        
          
            

            

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    Section
9.08 as though it were a Lender, provided that such Participant agrees to be
subject to Section 2.18(c) as though it were a Lender.  Each Lender
that sells a participating interest in any Loan, Commitment or other interest to
a Participant shall, as agent of the Company solely for the purpose of this
Section 9.04, record in book entries maintained by such Lender the name and the
amount of the participating interest of each Participant entitled to receive
payments in respect of such participating interests.

     

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

     

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

     

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

     

    SECTION
9.06.  Counterparts; Integration;
Effectiveness.  This Agreement may be executed in counterparts
(and by different parties hereto on different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a
single contract.  This Agreement, the Guarantee Agreement and any
separate letter agreements with respect to fees payable to the
Administrative

     

    

    
      
        
          
            

            

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    Agent and
the Issuing Banks constitute the entire contract among the parties relating to
the subject matter hereof and supersede any and all previous agreements and
understandings, oral or written, relating to the subject matter
hereof.  Except as provided in Section 4.01, this Agreement shall
become effective when it shall have been executed by the Administrative Agent
and when the Administrative Agent shall have received counterparts hereof which,
when taken together, bear the signatures of each of the other parties hereto,
and thereafter shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns.  Delivery of an
executed counterpart of a signature page of this Agreement by telecopy shall be
effective as delivery of a manually executed counterpart of this
Agreement.

     

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

     

    SECTION
9.08.  Right
of Setoff.  If an Event of Default shall have occurred and be
continuing, each Lender and each of its Affiliates is hereby authorized at any
time and from time to time, to the fullest extent permitted by law, to set off
and apply any and all deposits (general or special, time or demand, provisional
or final) at any time held and other obligations at any time owing by such
Lender or Affiliate to or for the credit or the account of the Company or any
Subsidiary Borrower against any of and all the obligations of the Company or
such Subsidiary Borrower now or hereafter existing under this Agreement held by
such Lender, irrespective of whether or not such Lender shall have made any
demand under this Agreement, but only to the extent such obligations are then
due and payable.  The rights of each Lender under this Section are in
addition to other rights and remedies (including other rights of setoff) which
such Lender may have.

     

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

     

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

     

    

    
      
        
          
            

            

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90

    

    

    that the
Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring
any action or proceeding relating to this Agreement or any other Loan Document
against the Company or any Subsidiary Borrower or its properties in the courts
of any jurisdiction.

     

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

     

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

     

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

     

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

     

    SECTION
9.12.  Confidentiality.  Each
of the Administrative Agent, the London Administrative Agent, the Issuing Banks
and the Lenders agrees to maintain the confidentiality of the Information (as
defined below), except that Information may be disclosed (a) to its and its
Affiliates’ directors, officers, employees and agents, including accountants,
legal counsel and other advisors (it being understood that the Persons to whom
such disclosure is made will be informed of the confidential nature of such
Information and instructed to keep such Information confidential), (b) to the
extent requested by any regulatory authority, (c) to the
extent  required by applicable laws or regulations or by any subpoena
or similar legal process (subject to the last sentence of

     

    

    
      
        
          
            

            

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91

    

    

    this
paragraph), (d) to any other party to this Agreement, (e) in connection with the
exercise of any remedies hereunder or any suit, action or proceeding relating to
this Agreement or any other Loan Document or the enforcement of rights hereunder
or thereunder, (f) subject to an agreement containing provisions substantially
the same as those of this Section, to (i) any assignee of or Participant in, or
any prospective assignee of or Participant in, any of its rights or obligations
under this Agreement or (ii) any actual or prospective counterparty (or its
advisors) to any swap or derivative transaction relating to the Company and its
obligations, (g) with the consent of the Company or (h) to the extent such
Information (i) becomes publicly available other than as a result of a breach of
this Section or (ii) becomes available to any Agent, any Issuing Bank or any
Lender on a nonconfidential basis from a source other than the Company or any
Subsidiary Borrower.  For the purposes of this Section, “Information” means
all information received from the Company or any Subsidiary Borrower relating to
the Company, any Subsidiary Borrower or its business, other than any such
information that is available to any Agent, any Issuing Bank or any Lender on a
nonconfidential basis prior to disclosure by the Company or any Subsidiary
Borrower.  Any Person required to maintain the confidentiality of
Information as provided in this Section shall be considered to have complied
with its obligation to do so if such Person has exercised the same degree of
care to maintain the confidentiality of such Information as such Person would
accord to its own confidential information.  If any Lender receives
any subpoena or similar legal process referred to in clause (c) above, such
Lender will endeavor, to the extent practicable, to notify the Company and
afford the Company an opportunity to challenge the same before disclosing any
confidential Information pursuant thereto.

     

    SECTION
9.13.  Interest Rate
Limitation.  Notwithstanding anything herein to the contrary,
if at any time the interest rate applicable to any Loan, together with all fees,
charges and other amounts which are treated as interest on such Loan under
applicable law (collectively the “Charges”), shall
exceed the maximum lawful rate (the “Maximum Rate”) which
may be contracted for, charged, taken, received or reserved by the Lender
holding such Loan in accordance with applicable law, the rate of interest
payable in respect of such Loan hereunder, together with all Charges payable in
respect thereof, shall be limited to the Maximum Rate and, to the extent lawful,
the interest and Charges that would have been payable in respect of such Loan
but were not payable as a result of the operation of this Section shall be
cumulated and the interest and Charges payable to such Lender in respect of
other Loans or periods shall be increased (but not above the Maximum Rate
therefor) until such cumulated amount, together with interest thereon at the
Federal Funds Effective Rate to the date of repayment, shall have been received
by such Lender.

     

    SECTION
9.14.  Judgment
Currency.  If for the purposes of obtaining judgment in any
court it is necessary to convert a sum due from any Borrower hereunder in the
currency expressed to be payable herein (the “Specified Currency”)
into another currency, the parties hereto agree, to the fullest extent that they
may effectively do so, that the rate of exchange used shall be that at which in
accordance with normal banking procedures the Administrative Agent could
purchase the Specified Currency with such other currency at the Administrative
Agent’s New York office on the Business Day preceding that on which final
judgment is given.  The obligations of each Borrower in

     

    

    
      
        
          
            

            

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92

    

    

    respect
of any sum due to any Lender or any Agent hereunder shall, notwithstanding any
judgment in a currency other than the Specified Currency, be discharged only to
the extent that on the Business Day following receipt by such Lender or such
Agent (as the case may be) of any sum adjudged to be so due in such other
currency such Lender or such Agent (as the case may be) may in accordance with
normal banking procedures purchase the Specified Currency with such other
currency; if the amount of the Specified Currency so purchased is less than the
sum originally due to such Lender or such Agent, as the case may be, in the
Specified Currency, the applicable Borrower agrees, to the fullest extent that
it may effectively do so, as a separate obligation and notwithstanding any such
judgment, to indemnify such Lender or such Agent, as the case may be, against
such loss.

     

    SECTION
9.15.  Existing Credit Agreement;
Effectiveness of Amendment and Restatement.  Until this
Agreement becomes effective in accordance with the terms of Section 4.01, the
Existing Credit Agreement shall remain in full force and effect and shall not be
affected hereby.  After the Effective Date, the provisions of the
Existing Credit Agreement shall be superseded by the provisions
hereof.  The parties hereto agree to waive any notices required under
Section 2.09(c) of the Existing Credit Agreement in connection with the
effectiveness of this Agreement.

     

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

     

    

    
      
        
          
            

            

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93

    

    

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

     

    
      	 
      	
              YUM!
      BRANDS, INC.,

               

            
	 
      	 
      	
              by

               

            
	 
      	 
      	
              Name:  R.
      Scott Toop

            
	 
      	 
      	
              Title:     Vice
      President, Associate

              General
      Counsel and

              Assistant
    Secretary

            

    

    

     

    

    
      
        
          
            

            

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94

    

    

    

     

    
      	 
      	
              JPMORGAN
      CHASE BANK, N.A.,

              individually
      and as

              Administrative
      Agent,

               

            
	 
      	 
      	
              by

               

            
	 
      	 
      	
              Name:

            
	 
      	 
      	
              Title:

            
	 
      	 
      	 
      
	 
      	
              CITIBANK,
      N.A.,

               

            
	 
      	 
      	
              by

               

            
	 
      	 
      	
              Name:

            
	 
      	 
      	
              Title:

            

    

    

     

    

    
      
        
          
            

            

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95

    

    

    LENDERS UNDER THE CREDIT
AGREEMENT

     

    SIGNATURE
PAGE TO AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF _____________ ___,
2007, AMONG YUM! BRANDS, INC., THE SUBSIDIARIES OF YUM! BRANDS, INC. PARTY
THERETO, THE LENDERS PARTY THERETO, AND JPMORGAN CHASE BANK, N.A., AS
ADMINISTRATIVE AGENT.

     

    
      	 
      	
              Name
      of Institution:

               

               

            
	 	 	 
	 
      	 
      	
              by

               

            
	 
      	 
      	
              Name:

            
	 
      	 
      	
              Title:

            
	 
      	 
      	 
      
	 
      	 
      	
              by

               

            
	 
      	 
      	
              Name:

            
	 
      	 
      	
              Title:

            

    

    

     

    

    
      
        
          
            

            

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96

    

    

    
      	
               
      

            	
              Acknowledge
      and agreed:

            

    

     

    
      	 
      	
              J.P.
      MORGAN EUROPE LTD,

              individually
      and as London

              Administrative
      Agent

               

            
	 
      	 
      	
              by

               

            
	 
      	 
      	
              Name:

            
	 
      	 
      	
              Title:

            

    

    

     

    

     

    

    
      
        
          
            

            

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    SCHEDULE
A

    TO

    CREDIT
AGREEMENT

    

    INITIAL
GUARANTORS

    

    Subsidiary (Jurisdiction of
Incorporation)

    

    A&W
Restaurants, Inc. (Michigan)

    Kentucky
Fried Chicken Corporate Holdings Ltd. (Delaware)

    Kentucky
Fried Chicken International Holdings, Inc. (Delaware)

    KFC
Corporation (Delaware)

    KFC
Holding Co. (Delaware)

    KFC U.S.
Properties, Inc. (Delaware)

    LJS
Restaurants, Inc. (Delaware)

    Long John
Silver’s, Inc. (Delaware)

    Pizza
Hut, Inc. (California)

    Pizza Hut
International, LLC (Delaware)

    Pizza Hut
of America, Inc. (Delaware)

    Taco Bell
Corp. (California)

    Taco Bell
of America, Inc. (Delaware)

    YGR
America, Inc. (Delaware)

    Yorkshire
Global Restaurants, Inc. (Maryland)

    YUM
Restaurant Services Group, Inc. (Delaware)

    

    

    
      
        
          
            

            

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            SCHEDULE
2.01

            To Credit
Agreement

          

        

      

    

    

    TRANCHE A
COMMITMENTS

    

    

    
      	
              Lenders

            	
              Tranche
      A Commitments

            
	
              Branch
      Banking and Trust Company

            	
              US$25,000,000

            
	
              Total

            	
              US$25,000,000

            

    

    

    

    TRANCHE B
COMMITMENTS

    

    

    
      	
              Lenders

            	
              Tranche
      B Commitments

            
	
              JPMorgan
      Chase Bank, N.A.

            	
              US$95,000,000

            
	
              Citibank,
      N.A.

            	
              US$95,000,000

            
	
              The
      Royal Bank of Scotland plc

            	
              US$100,000,000

            
	
              HSBC
      Bank USA, N.A.

            	
              US$90,000,000

            
	
              Bank
      of America, N.A.

            	
              US$70,000,000

            
	
              SunTrust
      Bank

            	
              US$70,000,000

            
	
              Wachovia
      Bank, National Association

            	
              US$65,000,000

            
	
              Banco
      Bilbao Vizcaya Argentaria

            	
              US$47,500,000

            
	
              Comerica
      Bank

            	
              US$47,500,000

            
	
              Morgan
      Stanley Bank

            	
              US$47,500,000

            
	
              US
      Bank, N.A.

            	
              US$47,500,000

            
	
              Wells
      Fargo Bank, N.A.

            	
              US$47,500,000

            
	
              William
      Street Commitment Corporation

            	
              US$47,500,000

            
	
              The
      Bank of Nova Scotia

            	
              US$35,000,000

            
	
              Barclays
      Bank PLC

            	
              US$25,000,000

            
	
              Fifth
      Third Bank

            	
              US$25,000,000

            
	
              Huntington
      National Bank

            	
              US$25,000,000

            
	
              National
      City Bank

            	
              US$25,000,000

            
	
              The
      Bank of New York Mellon

            	
              US$25,000,000

            
	
              The
      Northern Trust Company

            	
              US$25,000,000

            
	
              US
      AgBank, FCB

            	
              US$25,000,000

            
	
              Westpac
      Banking Corporation

            	
              US$25,000,000

            
	
              Cooperatieve
      Centrale Raiffeisen-Boerenleenbank, B.A. “Rabobank
    Nederland”

            	
              US$20,000,000

            
	
              Total

            	
              US$1,125,000,000

            

    

    

    

    
      
        
          
            

            

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            SCHEDULE
2.06

            To Credit
Agreement

          

        

      

    

    

    

    EXISTING LETTERS OF
CREDIT

    

    See
Attached Chart of Existing Letters of Credit

    

    
      
        
          
            

            

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            SCHEDULE
2.15

            To Credit
Agreement

          

        

      

    

    

    CALCULATION OF THE MANDATORY
COST

     

    
      	
              1.  

            	
              General

            

    

     

    
      	
              (d)  

            	
              The
      Mandatory Cost is to compensate a Lender for the cost of compliance
      with:

            

    

     

    
      	
               
      

            	
              (i)

            	
              the
      requirements of the Bank of England and/or the Financial Services
      Authority (or, in either case, any other authority which replaces any of
      its functions); or

            

    

     

    
      	
               
      

            	
              (ii)

            	
              the
      requirements of the European Central
Bank.

            

    

     

    
      	
              (e)  

            	
              The
      Mandatory Cost is expressed as a percentage rate per
  annum.

            

    

     

    
      	
              (f)  

            	
              The
      “Mandatory Cost” is the weighted average (weighted in proportion to the
      percentage share of each Lender in the relevant Loan) of the rates for the
      Lenders calculated by the Administrative Agent in accordance with this
      Schedule 2.15 on the first day of an Interest Period (or as soon as
      possible thereafter).

            

    

     

    
      	
              (g)  

            	
              The
      Administrative Agent must distribute each amount of Mandatory Cost among
      the Lenders on the basis of the rate for each
  Lender.

            

    

     

    
      	
              (h)  

            	
              Any
      determination by the Administrative Agent pursuant to this Schedule 2.15
      will be, in the absence of manifest error, conclusive and binding on all
      the Parties.

            

    

     

    
      	
              2.  

            	
              For
      a Lender lending from a Facility Office in the
  U.K.

            

    

     

    
      	
              (a)  

            	
              The
      relevant rate for a Lender lending from a Facility Office in the U.K. is
      calculated in accordance with the following
  formula:

            

    

     

    
      
        	
                E x
      0.01

              	
                 
      per cent. per annum

              
	
                300

              

      

    

     

    where on
the day of application of the formula, E is calculated by the Administrative
Agent as being the average of the rates of charge under the Fees Rules supplied
by the Reference Banks to the Administrative Agent under paragraph (d) below and
expressed in pounds per £1 million.

     

    
      	
              (b)  

            	
              For
      the purposes of this paragraph 2:

            

    

     

    
      	
               
      

            	
              (i)

            	
              “Facility
      Office” means, for the purposes of this Schedule 2.15, the office
      or offices notified by a Lender to the Administrative Agent in writing on
      or before the date it becomes a Lender (or, following that date, by not
      less than five Business Days’ written notice) as the office or offices
      through which it will perform its obligations under this
      Agreement;

            

    

     

    

    
      
        
          
            

            

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2

    

    

    
      	
               
      

            	
              (ii)

            	
              “Fees Rules”
      means the then current rules on periodic fees in the FSA Supervision
      Manual or any other law or regulation as may then be in force for the
      payment of fees for the acceptance of
deposits;

            

    

     

    
      	
               
      

            	
              (iii)

            	
              “Fee Tariffs”
      means the fee tariffs specified in the Fees Rules under the activity group
      A.1 Deposit acceptors (ignoring any minimum fee or zero rated fee required
      pursuant to the Fees Rules but applying any applicable discount
      rate);

            

    

     

    
      	
               
      

            	
              (iv)

            	
              “FSA” means the
      Financial Services Authority;

            

    

     

    
      	
               
      

            	
              (v)

            	
              “Participating Member
      State” means any member state of the European Community that adopts
      or has adopted the Euro as its lawful currency in accordance with
      legislation of the European Community relating to Economic and Monetary
      Union;

            

    

     

    
      	
               
      

            	
              (vi)

            	
              “Tariff Base”
      has the meaning given to it in, and will be calculated in accordance with,
      the Fees Rules.

            

    

     

    
      	
              (c)  

            	
              Each
      rate calculated in accordance with the formula is, if necessary, rounded
      to four decimal places.

            

    

     

    
      	
              (d)  

            	
              If
      requested by the Administrative Agent, each Reference Bank must, as soon
      as practicable after publication by the FSA, supply to the Administrative
      Agent the rate of charge payable by that Reference Bank to the FSA under
      the Fees Rules for that financial year of the FSA (calculated by that
      Reference Bank as being the average of the Fee Tariffs applicable to that
      Reference Bank for that financial year) and expressed in pounds per £1
      million of the Tariff Base of that Reference
  Bank.

            

    

     

    
      	
              (e)  

            	
              Each
      Lender must supply to the Administrative Agent the information required by
      it to make a calculation of the rate for that Lender.  In
      particular, each Lender must supply the following information on or prior
      to the date on which it becomes a
Lender:

            

    

     

    
      	
               
      

            	
              (i)

            	
              the
      jurisdiction of its Facility Office;
and

            

    

     

    
      	
               
      

            	
              (ii)

            	
              any
      other information that the Administrative Agent reasonably requires for
      that purpose.

            

    

     

    Each
Lender must promptly notify the Administrative Agent of any change to the
information supplied to it under this paragraph.

     

    
      	
              (f)  

            	
              The
      rates of charge of each Reference Bank for the purpose of E above are
      determined by the Administrative Agent based upon the information supplied
      to it under paragraphs (d) and (e)
above.

            

    

     

    
      	
              (g)  

            	
              The
      Administrative Agent has no liability to any Party if its calculation over
      or under compensates any Lender.  The Administrative Agent is
      entitled to assume that the

            

    

     

    

    
      
        
          
            

            

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3

    

    

    
      	
                

            	
              information
      provided by any Lender or Reference Bank under this Schedule is true and
      correct in all respects.

            

    

     

    
      	
              3.  

            	
              For
      a Lender lending from a Facility Office in a Participating Member
      State

            

    

     

    
      	
              (a)  

            	
              The
      relevant rate for a Lender lending from a Facility Office in a
      Participating Member State is the percentage rate per annum notified by
      that Lender to the Administrative Agent.  This percentage rate
      per annum must be certified by that Lender in its notice to the
      Administrative Agent as its reasonable determination of the cost
      (expressed as a percentage of that Lender’s share in all Loans made from
      that Facility Office) of complying with the minimum reserve requirements
      of the European Central Bank in respect of Loans made from that Facility
      Office.

            

    

     

    
      	
              (b)  

            	
              If
      a Lender fails to specify a rate under paragraph (a) above, the
      Administrative Agent will assume that the Lender has not incurred any such
      cost.

            

    

     

    
      	
              4.  

            	
              Changes

            

    

     

    
      	
              (a)  

            	
              The
      Administrative Agent may, after consultation with the Company and the
      Lenders, determine and notify all the Parties of any amendment to this
      Schedule 2.15 which is required in order to comply
  with:

            

    

     

    
      	
               
      

            	
              (i)

            	
              any
      change in law or regulation; or

            

    

     

    
      	
               
      

            	
              (ii)

            	
              any
      requirement imposed by the Bank of England, the Financial Services
      Authority or the European Central Bank (or, in any case, any successor
      authority).

            

    

     

    
      	
              (b)  

            	
              If
      the Administrative Agent, after consultation with the Company, determines
      that the Mandatory Cost for a Lender lending from a Facility Office in the
      U.K. can be calculated by reference to a screen, the Administrative Agent
      may notify all the Parties of any amendment to this Agreement which is
      required to reflect this.

            

    

     

    

     

    

    
      
        
          
            

            

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            SCHEDULE
2.17

            To Credit
Agreement

          

        

      

    

    

    PTR
SCHEME

     

    
      	
               
      (a)   

            	
              Each
      Treaty Lender:

            

    

     

    (ii) irrevocably
appoints the Administrative Agent to act as syndicate manager under, and
authorizes the Administrative Agent to operate, and take any action necessary or
desirable under, the PTR Scheme in connection with the Loans made to a Borrower
organized under the laws of England and Wales (a “UK
Borrower”);

     

    (iii) shall
co-operate with the Administrative Agent in completing any procedural
formalities necessary under the PTR Scheme, and shall promptly supply to the
Administrative Agent such information as the Administrative Agent may request in
connection with the operation of the PTR Scheme;

     

    (iv) without
limiting the liability of a UK Borrower or the Company under this Agreement,
shall, within 5 Business Days of demand, indemnify the Administrative Agent for
any liability or loss incurred by the Administrative Agent as a result of the
Administrative Agent acting as syndicate manager under the PTR Scheme in
connection with the Treaty Lender’s participation in any Revolving Loan or
Swingline Loan denominated in Sterling; and

     

    (v) shall,
within 5 Business Days of demand, indemnify each such UK Borrower and the
Company for any Tax which such UK Borrower or the Company, as applicable,
becomes liable to pay in respect of any payments made to such Treaty Lender
arising as a result of any provisional authority issued in respect of such
Treaty Lender by the UK HM Revenue & Customs (“HMRC”) under the PTR
Scheme being withdrawn, except and only to the extent that such Treaty Lender
would, if a deduction had been required in respect of such payments, have been
entitled to receive additional amounts under Section 2.17.

     

    

     

    
      	
               (b)
       

            	
              Each
      such UK Borrower and the Company acknowledges that it is fully aware of
      its contingent obligations under the PTR Scheme and 

                        shall:

            

    

     

    
      (i) 
promptly
supply to the Administrative Agent such information as the Administrative Agent
may reasonably request in connection with the operation of the PTR Scheme;
and

    

     

    (ii)
 act in accordance with any provisional notice issued by HMRC under the PTR
Scheme.

    
    

     

    
    

    
    

     

    
      	
               
      (c)  

            	
              The
      Administrative Agent agrees to provide, as soon as reasonably practicable,
      a copy of any provisional authority issued to it under the
      PTR Scheme in connection with any Revolving Loan or Swingline Loan
      denominated in Sterling to a UK Borrower specified in such provisional
      authority.

            

    

     

    

    
      
        
          
            

            

            [[NYCORP:3024149v15:4452W:11/30/07--12:40
p]] 

          

           

        

        
           

          
            

          

        

        
           

        
2

    

    

    
      	
               
      (d)   

            	
              Each
      of the Company, any UK Borrower and each Lender that is a Foreign Lender
      with respect to such UK Borrower acknowledge 

                      that
      the Administrative Agent:

            

    

     

    
      	
               
      

            	
              (i)
      is entitled to rely completely upon information provided to it in
      connection with paragraphs (a) or (b)
above;

            

    

     

    
      	
               
      

            	
              (ii)
      is not obliged to undertake any enquiry into the accuracy of such
      information, nor into the status of the Treaty Lender or, as the case may
      be, such UK Borrower or the Company providing such
      information;

            

    

     

    
      (iii)
shall have no liability to any person for the accuracy of any information it
submits in connection with paragraph (a)(i) above; and

       

       

    

    
      	
               
      (e)   

            	
              For
      the avoidance of doubt, nothing in this Schedule 2.17 shall cause the
      Administrative Agent to be liable for (a) any act taken by it (or
      

                     
      omission); or (b) any costs, loss or liability suffered by a Treaty
      Lender, in acting as syndicate manager for the Treaty Lenders

                     
      under the PTR Scheme.

            

    

     

    In this
Schedule, the following terms are defined as follows:

     

    “PTR Scheme” means the
Provisional Treaty Relief scheme as described in Inland Revenue Guidelines dated
January 2003 and administered by the HMRC’s Centre for
Non-Residents.

     

    “Treaty Lender” means
a Lender which (i) is treated as a resident of a Treaty State for the purposes
of the Treaty and (ii) does not carry on a business in the United Kingdom
through a permanent establishment with which that Lender’s participation in
Loans made to a UK Borrower is effectively connected.

     

    “Treaty State” means a
jurisdiction having a double taxation agreement (a “Treaty”) with the
United Kingdom which makes provision for full exemption from tax imposed by the
United Kingdom on interest.

     

    

     

    

     

    

    

    
      
        
          
            

            

            [[NYCORP:3024149v15:4452W:11/30/07--12:40
p]] 

          

           

        

        
           

          
            

          

        

        
           

          
            SCHEDULE
3.06

            To Credit
Agreement

          

        

      

    

    

    DISCLOSED
MATTERS

    

    

    

    
      	
              1.  

            	
              The
      matters described in the Company’s Annual Report on Form 10-K for the
      fiscal year ended December 30, 2006 under the captions “Item 3 – Legal
      Proceedings” and in “Note 22 – Guarantees, Commitments and Contingencies”
      in the Notes to Consolidated Financial Statements under “Item 8 –
      Financial Statements and Supplementary
Data.”

            

    

    

    
      	
              2.  

            	
              The
      matters described in the Company’s Quarterly Report on Form 10-Q for the
      quarterly period ended September 8, 2007 under the captions “Part II –
      Item 1 – Legal Proceedings” and “Note 11 – Guarantees, Commitments and
      Contingencies” in the Notes to Condensed Consolidated Financial Statements
      under “Part I – Item 1 – Financial
Statements.”

            

    

    

    
      
        
          
            

            

            [[NYCORP:3024149v15:4452W:11/30/07--12:40
p]] 

          

           

        

        
           

          
            

          

        

        
           

          
            SCHEDULE
3.11

            To Credit
Agreement

          

        

      

    

    

    DISCLOSURE

    

    None.

    

    
      
        
          
            

            

            [[NYCORP:3024149v15:4452W:11/30/07--12:40
p]] 

          

           

        

        
           

          
            

          

        

        
           

          
            SCHEDULE
6.01

            To Credit
Agreement

          

        

      

    

    

    EXISTING
INDEBTEDNESS

    

    1.  Indebtedness
of Domestic Subsidiaries (relates to Capital Lease Obligations) as ofNovember 3,
2007: US$ 98,175,000.

    

    
      	
              2.

            	
              Aircraft
      lease obligation of KFC U.S. Properties, Inc. (lessee) to Caremark
      Aviation, LLC (sublessor)*.

            

    

    

    

    

    * As of
the Effective Date, the nature of the lease and accounting treatment for this
obligation (i.e., whether it is an operating lease or a Capital Lease
Obligation) is still being determined.  The aircraft lease obligation
is expected to be no greater than US$60,000,000.

    

    

    

    

    

    

    

    
      
        
          
            

            

            [[NYCORP:3024149v15:4452W:11/30/07--12:40
p]] 

          

           

        

        
           

          
            

          

        

        
           

          
            SCHEDULE
6.02

            To Credit
Agreement

          

        

      

    

    

    

    

    EXISTING
LIENS

    

    1.  
Liens created and existing pursuant to the sale-leaseback agreements, Master
Lease Agreements and related agreements entered into by certain subsidiaries of
the Borrower and evidencing the following
sale-leasebacktransactions:

    

    

    
      	
               

               

              Original
      Transaction

               Date

               

            	
               

               

              Lessor

            	
               

               

              Lessee

            
	
              April
      30, 2003

            	
              GE
      Capital Franchise

              Finance
      Corporation,

              successor
      in interest to

              FFCA
      Acquistion Corporation

            	
              KFC
      U.S. Properties, Inc.

            
	
              April
      30, 2003

              Amended
      August 15,

              2003

               

            	
              LoJon
      Property II LLC

            	
              KFC
      U.S. Properties, Inc.

            

    

    

    

    

    

    

    
      [[NYCORP:3024149v15:4452W:11/30/07--12:40
p]]

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